Document:

Dated [•] November 2006
	 

	 
		AIB INTERNATIONAL FINANCIAL SERVICES LIMITED
	 

	 
		AND
	 

	 
		GENESIS LEASE LIMITED
	 

	 
		(in relation to the provision of services to Genesis Lease
		Limited 
	 

	 
		in respect of Genesis Funding Limited)
	 

	 
		CORPORATE SERVICES AGREEMENT
	 

	 
		 
	 

	 

	 
	 

	 

	 
		Table of Contents
	 

	 
		 
	 

	 
			
				
				  Clause
				

			 	
				
				   
				

			 	
				
				   
				

			 	

				
				  Page
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  1.
				

			 	
				
				   
				

			 	
				
				  Definitions
				

			 	
				
				  1
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  2.
				

			 	
				
				   
				

			 	
				
				  Appointment of AIBIFS
				

			 	
				
				  4
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  3.
				

			 	
				
				   
				

			 	
				
				  Services
				

			 	
				
				  4
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  4.
				

			 	
				
				   
				

			 	
				
				  Operating Procedures Manual
				

			 	
				
				  8
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  5.
				

			 	
				
				   
				

			 	
				
				  The Management Agreement
				

			 	
				
				  8
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  6.
				

			 	
				
				   
				

			 	
				
				  Cooperation of GFL
				

			 	
				
				  9
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  7.
				

			 	
				
				   
				

			 	
				
				  Monies
				

			 	
				
				  9
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  8.
				

			 	
				
				   
				

			 	
				
				  Anti-Money Laundering Measures
				

			 	
				
				  9
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  9.
				

			 	
				
				   
				

			 	
				
				  Covenants
				

			 	
				
				  9
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  10.
				

			 	
				
				   
				

			 	
				
				  Representations and Warranties
				

			 	
				
				  9
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  11.
				

			 	
				
				   
				

			 	
				
				  Fees
				

			 	
				
				  10
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  12.
				

			 	
				
				   
				

			 	
				
				  Activity Levels and Annual Reviews
				

			 	
				
				  11
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  13.
				

			 	
				
				   
				

			 	
				
				  Legal Costs
				

			 	
				
				  12
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  14.
				

			 	
				
				   
				

			 	
				
				  Other Costs
				

			 	
				
				  12
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  15.
				

			 	
				
				   
				

			 	
				
				  Liabilities of the Company
				

			 	
				
				  12
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  16.
				

			 	
				
				   
				

			 	
				
				  Liability of AIBIFS
				

			 	
				
				  12
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  17.
				

			 	
				
				   
				

			 	
				
				  Indemnity by the Company
				

			 	
				
				  12
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  18.
				

			 	
				
				   
				

			 	
				
				  Events of Default
				

			 	
				
				  13
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  19.
				

			 	
				
				   
				

			 	
				
				  Termination
				

			 	
				
				  14
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  20.
				

			 	
				
				   
				

			 	
				
				  Force Majeure
				

			 	
				
				  14
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  21.
				

			 	
				
				   
				

			 	
				
				  Payments
				

			 	
				
				  15
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  22.
				

			 	
				
				   
				

			 	
				
				  Assignment
				

			 	
				
				  15
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  23.
				

			 	
				
				   
				

			 	
				
				  Relationship of Parties
				

			 	
				
				  15
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  24.
				

			 	
				
				   
				

			 	
				
				  Amendment
				

			 	
				
				  15
				

			 

 

	 
		 
	 

	 

	 
	 

	 

	 	
			 
				 
			 

		  	
			 
				 
			 

		  	
			 
				 
			 

		  	
			 
				 
			 

		  
	
			 
				25.
			 

		  	
			 
				 
			 

		  	
			 
				Notices
			 

		  	
			 
				15
			 

		  
	
			 
				 
			 

		  	
			 
				 
			 

		  	
			 
				 
			 

		  	
			 
				 
			 

		  
	
			 
				26.
			 

		  	
			 
				 
			 

		  	
			 
				Illegality and Severability
			 

		  	
			 
				16
			 

		  
	
			 
				 
			 

		  	
			 
				 
			 

		  	
			 
				 
			 

		  	
			 
				 
			 

		  
	
			 
				27.
			 

		  	
			 
				 
			 

		  	
			 
				Entire Agreement
			 

		  	
			 
				16
			 

		  
	
			 
				 
			 

		  	
			 
				 
			 

		  	
			 
				 
			 

		  	
			 
				 
			 

		  
	
			 
				28.
			 

		  	
			 
				 
			 

		  	
			 
				Waivers and Indulgences
			 

		  	
			 
				17
			 

		  
	
			 
				 
			 

		  	
			 
				 
			 

		  	
			 
				 
			 

		  	
			 
				 
			 

		  
	
			 
				29.
			 

		  	
			 
				 
			 

		  	
			 
				Confidentiality
			 

		  	
			 
				17
			 

		  
	
			 
				 
			 

		  	
			 
				 
			 

		  	
			 
				 
			 

		  	
			 
				 
			 

		  
	
			 
				30.
			 

		  	
			 
				 
			 

		  	
			 
				Data Protection
			 

		  	
			 
				17
			 

		  
	
			 
				 
			 

		  	
			 
				 
			 

		  	
			 
				 
			 

		  	
			 
				 
			 

		  
	
			 
				31.
			 

		  	
			 
				 
			 

		  	
			 
				No Restrictions
			 

		  	
			 
				17
			 

		  
	
			 
				 
			 

		  	
			 
				 
			 

		  	
			 
				 
			 

		  	
			 
				 
			 

		  
	
			 
				32.
			 

		  	
			 
				 
			 

		  	
			 
				Counterparts
			 

		  	
			 
				18
			 

		  
	
			 
				 
			 

		  	
			 
				 
			 

		  	
			 
				 
			 

		  	
			 
				 
			 

		  
	
			 
				33.
			 

		  	
			 
				 
			 

		  	
			 
				Governing Law and Jurisdiction
			 

		  	
			 
				18
			 

		  

	 
		 
	 

	 

	 
	 

	 
	 
		THIS
		AGREEMENT is
		made on [•] November 2006
	 

	 
		BETWEEN
	 

	 
		AIB INTERNATIONAL
		FINANCIAL SERVICES LIMITED having its registered office at
		AIB International Centre, International Financial Services Centre, Dublin 1
		(“AIBIFS”);
	 

	 
		and 
	 

	 
		GENESIS LEASE
		LIMITED having
		its registered office at [•] (the “Company”).
	 

	 
		RECITALS
	 

	 
			
				
				  A.
				

			 	
				
				  AIBIFS
				  carries on the business of (inter alia) providing accounting and administration
				  services.
				

			 

 

	 
			
				
				  B.
				

			 	
				
				  The Company
				  has been incorporated as a Bermuda exempted company under laws of Bermuda on 17
				  July 2006 for the purposes of (inter alia) acquiring and leasing commercial jet
				  aircraft and other aviation assets (the “Company’s
				  Business”).
				

			 

 

	 
			
				
				  C.
				

			 	
				
				  AIBIFS has
				  agreed to provide to the Company certain administrative, accounting and
				  back-office services as more particularly set out in this Agreement and subject
				  to the terms and conditions set forth in this Agreement to enable the Company
				  to provide certain services under the Management Agreement referenced in this
				  Agreement.
				

			 

 

	 
		IT IS
		AGREED as
		follows:
	 

	 
			
				
				  1.
				

			 	
				
				  Definitions
				

			 

 

	 
			
				
				  1.1
				

			 	
				
				  In this
				  Agreement (including the Recitals) unless provided to the contrary,
				

			 

 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				  “Agreement”
				

			 	
				
				   
				

			 	
				
				  means this
				  Agreement;
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “AIB”
				

			 	
				
				   
				

			 	
				
				  means Allied
				  Irish Banks, p.l.c.;
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “Anniversary”
				

			 	
				
				   
				

			 	
				
				  means an
				  anniversary of the First Payment Date;
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “Annual
				  Review”
				

			 	
				
				   
				

			 	
				
				  has the
				  meaning given to it in Clause 12.2
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  the
				  “Board”
				

			 	
				
				   
				

			 	
				
				  means the
				  board of directors of the Company;
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “Business
				  Day”
				

			 	
				
				   
				

			 	
				
				  means a day
				  (other than a Saturday, Sunday or a public holiday) on which commercial banks
				  are open for the transaction of business in Dublin and New York;
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “Commencement
				  Date”
				

			 	
				
				   
				

			 	
				
				  [subject to agreement
				  between the parties hereto, but no later than 31 December 2006];
				

			 

 

	 
		 
	 

	 
		1
	 

	 
		 
	 

	 

	 
	 

	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				  “Companies
				  Acts”
				

			 	
				
				   
				

			 	
				
				  means the
				  Companies Acts 1963 to 2005;
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “Consumer Price
				  Index”
				

			 	
				
				   
				

			 	
				
				  means the
				  Consumer Price Index as published by the Central Statistics Office or any
				  successor entity thereto;
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “Company Year
				  End”
				

			 	
				
				   
				

			 	
				
				  means 31
				  December; 
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “Daily Service
				  Fee”
				

			 	
				
				   
				

			 	
				
				  has the
				  meaning given to it in Clause 11.2
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “Establishment
				  Fee”
				

			 	
				
				   
				

			 	
				
				  has the
				  meaning given to it in Clause 11.1;
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “Event of
				  Default”
				

			 	
				
				   
				

			 	
				
				  has the
				  meaning given to it in Clause 18;
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “First Payment
				  Date”
				

			 	
				
				   
				

			 	
				
				  has the
				  meaning given to it in Clause 11.3;
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “€”
				  or
				  “Euro”
				

			 	
				
				   
				

			 	
				
				  means the
				  currency introduced at the third stage of European Economic and Monetary Union
				  pursuant to the Treaty establishing the European Communities, as amended by the
				  Treaty on European Union, and the smallest subdivision of which shall be one
				  hundredth of a euro or a “cent”;
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “GECAS”
				

			 	
				
				   
				

			 	
				
				  GE Commercial
				  Aviation Services, Limited;
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “GFL”
				

			 	
				
				   
				

			 	
				
				  means Genesis
				  Funding Limited, a Subsidiary of the Company;
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “GFL
				  Board”
				

			 	
				
				   
				

			 	
				
				  means the
				  board of directors of GFL;
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “GFL’s
				  Business”
				

			 	
				
				   
				

			 	
				
				  directly and
				  indirectly acquiring and leasing commercial jet aircraft and other aviation
				  assets;
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “GLL
				  Corporate Services Agreements”
				

			 	
				
				   
				

			 	
				
				  means this
				  Agreement and any other agreement entered into on the date hereof between
				  AIBIFS and the Company in respect of the provision of administrative,
				  accounting and/or back office services to the Company in respect of itself or
				  any of its subsidiaries;
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “GFL
				  Management Services”
				

			 	
				
				   
				

			 	
				
				  means the
				  services to be provided by the Company to GFL under the Management Agreement,
				  including but not limited to the Management Services, the Bank Account
				  Management and Calculation Services, the Accounting Services and the Additional
				  Management Services (as such terms are defined in the 
				

			 

 

	 
		 
	 

	 
		2
	 

	 
		 
	 

	 

	 
	 

	 
	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Management
				  Agreement);
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “Group”
				

			 	
				
				   
				

			 	
				
				  means in
				  respect of any party:
				

				
				  (a)       that
				  party;
				

				
				  (b)       any
				  Holding Company of that party; and
				

				
				  (c)       any
				  other Subsidiary of:
				

				
				  (i)       that
				  party; or
				

				
				  (ii)      any
				  Holding Company of that party;
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “Holding
				  Company”
				

			 	
				
				   
				

			 	
				
				  means a
				  holding company within the meaning of Section 155;
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “Indenture”
				

			 	
				
				   
				

			 	
				
				  means the
				  Trust Indenture dated on or about the date hereof among GFL, the Company,
				  Financial Guaranty Insurance Company, [the Initial Liquidity Facility
				  Provider, the Operating Bank and Trustee]
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “Management
				  Agreement”
				

			 	
				
				   
				

			 	
				
				  means the
				  management agreement dated on or about the date hereof between, inter alia, the Company, GFL,
				  [the Trustee
				  and Security Trustee] and Financial Guaranty
				  Insurance Company
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “Operating Procedures
				  Manual”
				

			 	
				
				   
				

			 	
				
				  has the
				  meaning given to it under Clause 4;
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “parties”
				

			 	
				
				   
				

			 	
				
				  means the
				  parties to this Agreement;
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “Quarterly
				  Payments”
				

			 	
				
				   
				

			 	
				
				  has the
				  meaning given to it in Clause 11.2;
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “Relevant
				  Percentage”
				

			 	
				
				   
				

			 	
				
				  means at any
				  time the percentage rate which is equal to the increase or decrease (if any) in
				  the Consumer Price Index in the previous year;
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “Section
				  155”
				

			 	
				
				   
				

			 	
				
				  means Section
				  155 of the Companies Act 1963 (as amended);
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “Services”
				

			 	
				
				   
				

			 	
				
				  means the
				  services provided or to be provided by AIBIFS as set out in Clause 3.1;
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “Service
				  Fee”
				

			 	
				
				   
				

			 	
				
				  has the
				  meaning given to it in Clause 11.1;
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “Subsidiary”
				

			 	
				
				   
				

			 	
				
				  means a
				  subsidiary within the meaning of Section 155; and
				

			 

 

	 
		 
	 

	 
		3
	 

	 
		 
	 

	 

	 
	 

	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				  “Total Service
				  Fees”
				

			 	
				
				   
				

			 	
				
				  means all
				  Service Fees payable by the Company to AIBIFS under the GLL Corporate Services
				  Agreements;
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  “VAT”
				

			 	
				
				   
				

			 	
				
				  means any
				  value added or other sales or service tax.
				

			 

 

	 
			
				
				  1.2
				

			 	
				
				  The headings
				  in this Agreement are inserted for convenience only and are to be ignored in
				  construing its provisions.
				

			 

 

	 
			
				
				  1.3
				

			 	
				
				  Unless the
				  context otherwise requires, words denoting the singular number only shall
				  include the plural and vice versa.
				

			 

 

	 
			
				
				  1.4
				

			 	
				
				  The words
				  “written” and “in writing” include any means of visual
				  reproduction.
				

			 

 

	 
			
				
				  1.5
				

			 	
				
				  Any reference
				  to a Clause or Schedule is to be construed as a reference to a Clause of or
				  Schedule to this Agreement.
				

			 

 

	 
			
				
				  1.6
				

			 	
				
				  Except as
				  otherwise specifically provided the words “hereof”,
				  “hereunder”, “herein” and other words of similar import
				  refer to this Agreement as a whole and not to any particular part of it.
				

			 

 

	 
			
				
				  1.7
				

			 	
				
				  Words and
				  expressions defined in the recitals hereto and which are used in the operative
				  part of this Agreement shall have the same meanings in the operative part of
				  this Agreement as they have in the said recitals.
				

			 

 

	 
			
				
				  1.8
				

			 	
				
				  Unless
				  otherwise defined herein, all capitalised terms used but not defined have the
				  meanings assigned to such terms in the Indenture.
				

			 

 

	 
			
				
				  1.9
				

			 	
				
				  References in
				  this Agreement to any statute, regulation, agreement or instrument are to be
				  construed as references to such statute, regulation, agreement or instrument as
				  it may from time to time be varied, amended, supplemented or
				  substituted.
				

			 

 

	 
			
				
				  2.
				

			 	
				
				  Appointment of AIBIFS
				

			 

 

	 
		The Company hereby
		appoints AIBIFS to provide the Services with effect from the Commencement
		Date.
	 

	 
			
				
				  3.
				

			 	
				
				  Services
				

			 

 

	 
			
				
				  3.1
				

			 	
				
				  AIBIFS shall,
				  subject to the other provisions of this Agreement, provide the following
				  services in connection with the Company’s Business:
				

			 

 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  subject to
				  Clauses 3.8, assist the Company to establish books of account in respect of GFL
				  in compliance with US GAAP and, subject to the timely delivery to AIBIFS of
				  clear and comprehensive information thereof, record in such books the
				  transactions of GFL;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (b)
				

			 	
				
				  subject to
				  Clause 3.8, prepare monthly management accounts in respect of GFL under US GAAP
				  accounting rules for review by the Board in such form as may be agreed between
				  the parties from time to time for delivery within 10 Business Days of the end
				  of the period to which such accounts relate, subject 
				

			 

 

	 
		 
	 

	 
		4
	 

	 
		 
	 

	 

	 
	 

	 

	 
		to AIBIFS having been
		supplied in good time with all necessary data, materials, information and
		explanations for the preparation of such accounts. 
	 

	 
			
				
				   
				

			 	
				
				  (c)
				

			 	
				
				  prepare a
				  quarterly budget and variance report in respect of GFL in such form as provided
				  by the Company and as may be agreed between the parties from time to time,
				  subject to AIBIFS having been supplied in good time with all necessary data,
				  materials, information and explanations for the preparation of such
				  report;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (d)
				

			 	
				
				  subject to
				  Clause 3.8, prepare unaudited annual accounts in respect of GFL under US GAAP
				  accounting rules for review by the Board and the Company’s independent
				  auditor for audit purposes in such form as may be agreed between the parties
				  within 30 Business Days of the Company Year End, subject to AIBIFS having been
				  supplied in good time with all necessary data, materials, information and
				  explanations for the preparation of such accounts;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (e)
				

			 	
				
				  provide the
				  auditors of GFL with all administrative assistance and information reasonably
				  requested by them, subject to the information being reasonably available to
				  AIBIFS including;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (i)
				

			 	
				
				  providing the
				  auditors of GFL with all reasonable administrative assistance to conduct a
				  quarterly review of the draft accounts; and
				

			 

 

	 
			
				
				   
				

			 	
				
				  (ii)
				

			 	
				
				  arranging
				  for, coordinating with and assisting in an administrative capacity GFL’s
				  auditors in preparing annual audits.
				

			 

 

	 
			
				
				   
				

			 	
				
				  (f)
				

			 	
				
				  compile, with
				  the assistance of the Company and GFL, the quarterly and annual reporting in
				  respect of GFL to investors, it being understood that it is the responsibility
				  of the Company and GFL to review and approve such reports for their
				  completeness and accuracy and subject to AIBIFS having been supplied in good
				  time with all necessary data, materials, information and explanations for the
				  preparation of such reports; 
				

			 

 

	 
			
				
				   
				

			 	
				
				  (g)
				

			 	
				
				  instruct, on
				  behalf of the Company, the taxation advisers of GFL to prepare annually the
				  corporation tax computation and return together with the ongoing periodic Irish
				  VAT returns of GFL, to provide such tax advisers with all information
				  reasonably required by them and in AIBIFS’ possession and following the
				  signing of such returns by an appropriate officer of GFL to submit them to the
				  Revenue Commissioners;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (h)
				

			 	
				
				  assist in the
				  opening of such bank account(s) of GFL as the GFL Board shall, by resolution or
				  other due process, approve for the purpose of the GFL’s Business and
				  monitor and reconcile such accounts on an agreed basis; 
				

			 

 

	 
			
				
				   
				

			 	
				
				  (i)
				

			 	
				
				  assist in
				  arranging and co-ordinating meetings of the GFL Board and/or of the
				  shareholders of GFL in Ireland as requested by the Company, including
				  assistance with the preparation of the GFL Board and/or shareholder papers and
				  if in attendance, the drafting of minutes;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (j)
				

			 	
				
				  assist the
				  Company, in an administrative capacity, in reporting on compliance with
				  concentration limits by GFL as approved and informed to AIBIFS in 
				

			 

 

	 
		 
	 

	 
		5
	 

	 
		 
	 

	 

	 
	 

	 

	 
		relation to the
		portfolio of aircraft owned and leased by GFL, subject to AIBIFS having been
		supplied in good time with all necessary data, materials, information and
		explanations; 
	 

	 
			
				
				   
				

			 	
				
				  (k)
				

			 	
				
				  prepare a
				  report in a form to be agreed between the parties on GFL’s compliance with
				  the financial covenants in the Indenture or any credit facility or other
				  agreements to which the Company is subject, it being understood that it is the
				  responsibility of the Company and of GFL to define such financial covenants and
				  to review such reports for their completeness and accuracy and to supply AIBIFS
				  in good time with all necessary data, materials, information and explanations;
				  
				

			 

 

	 
			
				
				   
				

			 	
				
				  (l)
				

			 	
				
				  assist the
				  Company, as may be requested, in dealing with correspondence received by GFL
				  from rating agencies, it being understood that, as between the parties, GFL or
				  the Company are the contact points for the rating agencies, that it is the
				  responsibility of GFL and the Company to review all correspondence with rating
				  agencies for completeness and accuracy and that AIBIFS shall only have contact
				  with the Company or GFL in providing such assistance; 
				

			 

 

	 
			
				
				   
				

			 	
				
				  (m)
				

			 	
				
				  interact on a
				  regular basis with, and assist in an administrative capacity, GECAS in relation
				  to the lease portfolio; 
				

			 

 

	 
			
				
				   
				

			 	
				
				  (n)
				

			 	
				
				  assist GFL as
				  required by the Company, in an administrative capacity, in providing notice of
				  decisions to be made, or actions to be taken, under any of the Related
				  Documents; provided that AIBIFS shall provide such administrative assistance
				  only to the extent that it is reasonable and that it has received from the
				  Company, on a timely basis, advance notice of the requirement to provide such
				  notices;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (o)
				

			 	
				
				  provide
				  reasonable administrative support to GFL to complete documentation and other
				  related matters in connection with GFL’s Business;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (p)
				

			 	
				
				  assist in an
				  administrative capacity with the payment of certain bills and expenses payable
				  to legal and professional advisers which have been authorised by GFL;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (q)
				

			 	
				
				  provide such
				  financial information to the Capital Markets Structuring Agent as the Capital
				  Markets Structuring Agent may reasonably request and as approved by the Company
				  or GFL and as may be reasonably available to AIBIFS to enable the Capital
				  Markets Structuring Agent to perform its obligations under the Capital Markets
				  Structuring Agency Agreement with GFL;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (r)
				

			 	
				
				  provide all
				  information reasonably available to AIBIFS to legal or other professional
				  advisers to GFL in connection with any claim, action, proceeding or partition
				  brought against GFL; 
				

			 

 

	 
			
				
				   
				

			 	
				
				  (s)
				

			 	
				
				  compare the
				  expected cash flows and budgets of GFL to the actual results of GFL; and
				

			 

 

	 
		 
	 

	 
		6
	 

	 
		 
	 

	 

	 
	 

	 
	 
			
				
				   
				

			 	
				
				  (t)
				

			 	
				
				  provide
				  administrative assistance to GFL as requested and agreed between the parties
				  from time to time in connection with the provision of reports by GFL to the
				  Financial Guaranty Insurance Company, it being understood that it is the
				  responsibility of the Company and GFL to review and sign-off such reports for
				  their completeness and accuracy and subject to AIBIFS having been supplied in
				  good time with all necessary data, materials, information and explanations for
				  the preparation of such reports.
				

			 

 

	 
			
				
				  3.2
				

			 	
				
				  For the
				  avoidance of doubt and without limitation to the generality of this Agreement,
				  it is hereby agreed and acknowledged that nothing in this Agreement shall
				  require AIBIFS to provide any:
				

			 

 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  services
				  other than the Services; or
				

			 

 

	 
			
				
				   
				

			 	
				
				  (b)
				

			 	
				
				  any services
				  in respect of the activities of (i) any subsidiaries (existing at the date
				  hereof or at any future time) of the Company other than GFL and (ii) any
				  subsidiaries (existing at the date hereof or at any future time) of GFL;
				  or
				

			 

 

	 
			
				
				   
				

			 	
				
				  (c)
				

			 	
				
				  financial or
				  other support to the Company, whether to prevent the liquidation or insolvency
				  of the Company or otherwise.
				

			 

 

	 
			
				
				  3.3
				

			 	
				
				  AIBIFS shall
				  be entitled to delegate the performance of the Services to third parties
				  provided however that AIBIFS shall remain primarily liable for the performance
				  of the Services in accordance with the provisions of the Agreement and provided
				  further that AIBIFS shall obtain prior written consent (such consent not to be
				  unreasonably withheld) from the Company with respect to the delegation of any
				  obligations or tasks which are materially significant to the overall
				  performance of the Services under this Agreement. 
				

			 

 

	 
			
				
				  3.4
				

			 	
				
				  It is
				  expressly agreed that the duties of AIBIFS hereunder are purely administrative
				  in character and that AIBIFS shall not be required or expected to perform the
				  functions normally performed by executive directors or employed management.
				  Notwithstanding the appointment of AIBIFS to perform the Services, each of the
				  Company and GFL shall remain responsible for all matters and decisions related
				  to its business and its assets and liabilities.
				

			 

 

	 
			
				
				  3.5
				

			 	
				
				  AIBIFS shall
				  at all times in performing the Services use such reasonable care, skill and
				  diligence as is required by Irish law and is consistent with customary
				  commercial practice for the provision of services similar to the
				  Services.
				

			 

 

	 
			
				
				  3.6
				

			 	
				
				  In performing
				  the Services AIBIFS shall be entitled to (a) request instructions from the
				  Company or GFL and (b) to reasonable rely upon instructions (whether or not
				  requested) and upon notices, reports or other communications made by any party
				  providing services to the Company or GFL and shall not be responsible for the
				  accuracy or completeness of any such notices, reports or other
				  communications.
				

			 

 

	 
			
				
				  3.7
				

			 	
				
				  AIBIFS may
				  reasonably rely on the advice of any law firm, accounting firm, risk management
				  adviser, tax adviser or other professional adviser appointed by the Company or
				  GFL and any such adviser appointed in good faith by AIBIFS with Company’s
				  prior written consent and shall not be liable for any claim by the 
				

			 

 

	 
		 
	 

	 
		7
	 

	 
		 
	 

	 

	 
	 

	 
	 
		Company or GFL to the
		extent that it was acting in good faith upon the advice of any such
		persons.
	 

	 
			
				
				  3.8
				

			 	
				
				  With respect
				  to any Services which require the maintenance and/or preparation of accounts
				  (including monthly, quarterly and annual accounts) in accordance with US GAAP
				  accounting rules, AIBIFS shall rely on directions from the Board, the GFL
				  Board, the Company’s management, GFL’s management, the Company’s
				  advisors and/or GFL’s advisors from time to time in relation to the
				  accounting policies in accordance with US GAAP to be adopted by GFL. For the
				  avoidance of doubt, the Company acknowledges and agrees that AIBIFS will not
				  audit the accounts of GFL or in any way certify the accounts of the GFL as
				  being in compliance with any rule, regulation, law, practice or accounting
				  standard and further acknowledges and agrees that the Company, GFL and their
				  auditors will be responsible for such matters. The Company agrees to provide or
				  to cause to be provided to AIBIFS the accounting policies and procedures of GFL
				  and interpretations thereof to the extent necessary for AIBIFS to perform the
				  Services hereunder. 
				

			 

 

	 
		 
	 

	 
			
				
				  4.
				

			 	
				
				  Operating
				  Procedures Manual
				

			 

 

	 
			
				
				  4.1
				

			 	
				
				  Without
				  prejudice to the provisions of Clause 3.2 and Clause 16.1 the parties
				  acknowledge that an operating procedures manual (the “Operating Procedures
				  Manual”)
				  shall be developed and agreed for the purpose of illustrating how the Services
				  will be performed by AIBIFS. The Operating Procedures Manual may be amended
				  from time-to-time by the parties by agreement. 
				

			 

 

	 
			
				
				  4.2
				

			 	
				
				  The contents
				  of the Operating Procedures Manual shall not constitute a legally binding
				  arrangement between the parties. For the avoidance of doubt, if there is any
				  conflict between the provisions of this Agreement and the contents of the
				  Operating Procedures Manual, the provisions of this Agreement shall
				  prevail.
				

			 

 

	 
		 
	 

	 
			
				
				  5.
				

			 	
				
				  The
				  Management Agreement
				

			 

 

	 
			
				
				  5.1
				

			 	
				
				  The Company
				  hereby acknowledges and agrees that: 
				

			 

 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  the scope of
				  the GFL Management Services is greater than the scope of the Services;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (b)
				

			 	
				
				  it is
				  entering into this Agreement for the purpose of delegating the performance of
				  part only of the GFL Management Services to AIBIFS;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (c)
				

			 	
				
				  any of the
				  GFL Management Services which have not been delegated to AIBIFS under this
				  Agreement will be performed by the Company itself or will be delegated to
				  certain other third parties apart from AIBIFS; 
				

			 

 

	 
			
				
				   
				

			 	
				
				  (d)
				

			 	
				
				  nothing in
				  this Agreement will create any liability for AIBIFS in connection with the
				  provision of the GFL Management Services by the Company to GFL; and
				

			 

 

	 
			
				
				   
				

			 	
				
				  (e)
				

			 	
				
				  AIBIFS is not
				  responsible for monitoring the provision of the GFL Management Services or the
				  compliance by the Company with its obligations under the Management Agreement;
				  
				

			 

 

	 
		 
	 

	 
		8
	 

	 
		 
	 

	 

	 
	 

	 
	 
			
				
				  6.
				

			 	
				
				  Cooperation of GFL
				

			 

 

	 
			
				
				  6.1
				

			 	
				
				  The Company
				  shall use commercially reasonable efforts to cause GFL to cooperate at all
				  times with AIBIFS to enable AIBIFS to provide the Services in accordance with
				  this Agreement. 
				

			 

 

	 
			
				
				  7.
				

			 	
				
				  Monies
				

			 

 

	 
		AIBIFS shall account
		for and promptly pay over any sums received by AIBIFS on behalf of the Company
		or GFL (as the case may be) to a bank account nominated by the Company or GFL
		(as the case may be).
	 

	 
			
				
				  8.
				

			 	
				
				  Anti-Money
				  Laundering Measures
				

			 

 

	 
		Each party shall
		comply with any obligations imposed on it from time to time by the provisions
		of any applicable law and regulation having the purpose of preventing money
		laundering. In particular, and without prejudice to the generality of this
		Clause, the Company shall cooperate promptly and fully with any steps taken by
		AIBIFS to identify the members of the Board and the GFL Board, the shareholders
		and the ultimate economic beneficiaries of the Company and GFL.
	 

	 
			
				
				  9.
				

			 	
				
				  Covenants
				

			 

 

	 
		The Company hereby
		covenants with AIBIFS:
	 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  that during
				  the continuance of this Agreement it shall not carry on any business other than
				  the Company’s Business; and
				

			 

 

	 
			
				
				   
				

			 	
				
				  (b)
				

			 	
				
				  promptly to
				  supply, and to procure that all third party service providers to the Company
				  shall supply, to AIBIFS all such information as is necessary for AIBIFS to
				  perform the Services under the provisions of Clause 3.1.
				

			 

 

	 
			
				
				  10.
				

			 	
				
				  Representations and
				  Warranties
				

			 

 

	 
			
				
				  10.1
				

			 	
				
				  AIBIFS
				  represents and warrants to the Company that:
				

			 

 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  it is a
				  company duly incorporated and validly existing under the laws of Ireland with
				  power to enter into this Agreement and to exercise its rights and perform its
				  obligations hereunder and all corporate or other action required to authorise
				  the execution of this Agreement by it and the performance by it of its
				  obligations hereunder has been duly taken; 
				

			 

 

	 
			
				
				   
				

			 	
				
				  (b)
				

			 	
				
				  it has not
				  taken any corporate action nor have any other steps been taken or legal
				  proceedings been started or (to the best of its knowledge and belief)
				  threatened against it for its bankruptcy, reorganisation, arrangement,
				  insolvency, winding-up, liquidation, composition, dissolution, re-organisation
				  or any similar proceedings or for the appointment of a liquidator, receiver,
				  administrator, examiner, trustee or similar officer over it or over any or all
				  of its assets or revenues; and 
				

			 

 

	 
			
				
				   
				

			 	
				
				  (c)
				

			 	
				
				  the
				  obligations expressed to be assumed by it in this Agreement are legal and valid
				  obligations binding on it in accordance with the terms of this Agreement
				  
				

			 

 

	 
		 
	 

	 
		9
	 

	 
		 
	 

	 

	 
	 

	 
	 
		subject, as to
		enforceability, to applicable bankruptcy, reorganisation, insolvency,
		moratorium or similar laws affecting creditor’s rights and to equitable
		principles of general application (regardless of whether enforcement is sought
		in a proceeding in equity or law).
	 

	 
			
				
				  10.2
				

			 	
				
				  The Company
				  represents and warrants to AIBIFS that:
				

			 

 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  it is a
				  Bermuda exempted company duly incorporated and validly existing under the laws
				  of Bermuda with power to enter into this Agreement and to exercise its rights
				  and perform its obligations hereunder and all corporate or other action
				  required to authorise the execution of this Agreement by it and the performance
				  by it of its obligations hereunder has been duly taken; 
				

			 

 

	 
			
				
				   
				

			 	
				
				  (b)
				

			 	
				
				  it has not
				  taken any corporate action nor have any other steps been taken or legal
				  proceedings been started or (to the best of its knowledge and belief)
				  threatened against it for its bankruptcy, reorganisation, arrangement,
				  insolvency, winding up, liquidation, composition, dissolution, reorganisation
				  or any similar proceedings or for the appointment of a liquidator, receiver,
				  administrator, examiner, trustee or similar officer over it or over any or all
				  of its assets or revenues; and 
				

			 

 

	 
			
				
				   
				

			 	
				
				  (c)
				

			 	
				
				  the
				  obligations expressed to be assumed by it in this Agreement are legal and valid
				  obligations binding on it in accordance with the terms of this Agreement
				  subject, as to enforceability, to applicable bankruptcy, reorganisation,
				  insolvency, moratorium or similar laws affecting creditor’s rights and to
				  equitable principles of general application (regardless of whether enforcement
				  is sought in a proceeding in equity or law).
				

			 

 

	 
			
				
				  10.3
				

			 	
				
				  The Company
				  acknowledges that neither it nor GFL have relied on any statements, opinions,
				  forecasts or other representations made by or on behalf of AIBIFS or any member
				  of AIBIFS’ Group in deciding to carry on GFL’s Business or to enter
				  or not enter into this or any other contract.
				

			 

 

	 
			
				
				  11.
				

			 	
				
				  Fees
				

			 

 

	 
			
				
				  11.1
				

			 	
				
				  The Company
				  shall pay the following fees to AIBIFS as consideration for the appointment of
				  AIBIFS under Clause 2 and the provision by AIBIFS of the Services:
				

			 

 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  an
				  establishment fee (the “Establishment Fee”) equal to €70,000
				  (exclusive of Value Added Tax), payable on the date hereof ; and
				

			 

 

	 
			
				
				   
				

			 	
				
				  (b)
				

			 	
				
				  subject to
				  Clause 12, an annual service fee (the “Service
				  Fee”) equal
				  to €300,000 (exclusive of Value Added Tax).
				

			 

 

	 
			
				
				  11.2
				

			 	
				
				  The Service
				  Fee shall be deemed to accrue from day to day on the basis of a 365-day year
				  (the daily portion of the Service Fee herein referred to as the
				  “Daily
				  Service Fee”) and shall be payable by
				  way of quarterly payments in advance which, subject to any increases under the
				  terms of this Agreement, are equal to €75,000 (the “Quarterly
				  Payments”).
				  
				

			 

 

	 
			
				
				  11.3
				

			 	
				
				  The first
				  Quarterly Payment shall be paid on the first day of the calendar quarter
				  following the Commencement Date (the “First Payment Date”) and
				  each subsequent
				

			 

 

	 
		 
	 

	 
		10
	 

	 
		 
	 

	 

	 
	 

	 
	 
		Quarterly Payment
		shall be paid on the first day of each subsequent calendar quarter. In
		addition, on the Commencement Date the Company shall also pay AIBIFS an amount
		equal to the Daily Service Fee multiplied by the number of days from, and
		including, the Commencement Date to, but excluding, the First Payment Date.
		
	 

	 
			
				
				  11.4
				

			 	
				
				  Subject to
				  Clause 19.2, the Service Fee shall be payable proportionately for any portion
				  of a quarter in which this Agreement terminates or is terminated.
				

			 

 

	 
			
				
				  11.5
				

			 	
				
				  All amounts
				  payable by the Company to AIBIFS (including but not limited to the
				  Establishment Fee and the Service Fee) shall be paid gross without any
				  deduction or withholding (whether in respect of set-off, counterclaim, duties,
				  taxes, charges, levies or otherwise howsoever) unless the Company is prohibited
				  by law from doing so in which event the Company shall forthwith pay to AIBIFS
				  such additional amount as will ensure that the net amount received by AIBIFS
				  will equal the full amount which would have been received and retained by it
				  had no such deduction or withholding been made.
				

			 

 

	 
			
				
				  11.6
				

			 	
				
				  The
				  Establishment Fee and Service Fee are exclusive of Value Added Tax which, if
				  any, will be for the account of and paid by the Company.
				

			 

 

	 
			
				
				  12.
				

			 	
				
				  Activity
				  Levels and Annual Reviews
				

			 

 

	 
			
				
				  12.1
				

			 	
				
				  The Company
				  acknowledges that the Service Fee has been agreed on the basis of the
				  anticipated activity levels of GFL and the expected volume of Services required
				  to be rendered by AIBIFS to the Company, as represented to AIBIFS prior to the
				  execution of this Agreement by or on behalf of the Company or those persons
				  engaged in structuring, documenting and completing the transactions then
				  proposed to comprise the Company’s Business and GFL’s
				  Business.
				

			 

 

	 
			
				
				  12.2
				

			 	
				
				  The parties
				  shall conduct an annual review of the activity levels of the Company and GFL
				  (the “Annual
				  Review”)
				  with a view to agreeing an increase or decrease in the Service Fee if, at any
				  time, the actual volume of Services required to be rendered is materially
				  different from the volume as so represented (or, as the case may be, any
				  increased or decreased volume in respect of which an increased or decreased
				  Service Fee was previously agreed pursuant to this Clause 12.2) or if
				  non-compliance with Clause 9(b) results in a material change in the volume of
				  Services to be rendered by AIBIFS. 
				

			 

 

	 
			
				
				  12.3
				

			 	
				
				  Any increase
				  or decrease in the Service Fee pursuant to Clause 12.2 shall take effect on
				  each Anniversary in each year in which such increase or decrease is agreed
				  regardless of whether the Annual Review is not completed until after such
				  Anniversary.
				

			 

 

	 
			
				
				  12.4
				

			 	
				
				  Without
				  prejudice to any increase or decrease agreed pursuant to Clause 12.2, on each
				  Anniversary the Service Fee shall be increased or decreased by an amount equal
				  to the Relevant Percentage of the Service Fee payable immediately prior to such
				  Anniversary. 
				

			 

 

	 
		 
	 

	 
		11
	 

	 
		 
	 

	 

	 
	 

	 
	 
			
				
				  13.
				

			 	
				
				  Legal
				  Costs
				

			 

 

	 
			
				
				  13.1
				

			 	
				
				  The legal
				  costs and expenses incurred by AIBIFS in connection with the drafting,
				  negotiation and execution of this Agreement and any other related documentation
				  between the Company and AIBIFS shall be payable on the date hereof and shall be
				  for the account of both the Company and AIBIFS on such terms as the parties
				  have agreed separately.
				

			 

 

	 
			
				
				  13.2
				

			 	
				
				  The Company
				  shall be responsible for the costs and expenses incurred by it in connection
				  with the drafting, negotiating and execution of this Agreement and other
				  related documentation.
				

			 

 

	 
			
				
				  14.
				

			 	
				
				  Other
				  Costs
				

			 

 

	 
			
				
				  14.1
				

			 	
				
				  The Company
				  shall be responsible for all costs and expenses incurred by AIBIFS in attending
				  at GFL shareholder meetings and meetings of the GFL Board in the course of
				  providing the Services under this Agreement and such costs and expenses shall
				  be payable on demand.
				

			 

 

	 
			
				
				  15.
				

			 	
				
				  Liabilities of the
				  Company
				

			 

 

	 
		AIBIFS shall not
		assume, nor shall it be obliged to discharge, any liability of the Company or
		GFL, and nothing contained in this Agreement shall be construed so as to imply
		that AIBIFS and/or the Company intended any such assumption. Without prejudice
		to the foregoing, if AIBIFS settles any expense of the Company or GFL, it shall
		be entitled to reimbursement on demand.
	 

	 
			
				
				  16.
				

			 	
				
				  Liability
				  of AIBIFS
				

			 

 

	 
			
				
				  16.1
				

			 	
				
				  The
				  obligations of AIBIFS hereunder are limited to those matters that are expressly
				  the responsibility of AIBIFS in accordance with the terms of this Agreement and
				  no covenant or obligation shall be implied in this Agreement against AIBIFS.
				  
				

			 

 

	 
			
				
				  16.2
				

			 	
				
				  Subject to
				  Clause 16.3, AIBIFS shall only be liable for any loss, damage, cost or expense
				  sustained by the Company to the extent that it results directly from a material
				  breach of its duties hereunder or from fraud, gross negligence or wilful
				  misconduct on the part of AIBIFS, its employees or agents in the performance by
				  AIBIFS of its obligations under this Agreement.
				

			 

 

	 
			
				
				  16.3
				

			 	
				
				  The Company
				  agrees that the aggregate liability of AIBIFS under the GLL Corporate Services
				  Agreements in any calendar year shall (save to the extent that it arises from
				  fraud) at no time exceed the Total Service Fees payable to AIBIFS by the
				  Company in such calendar year. 
				

			 

 

	 
			
				
				  16.4
				

			 	
				
				  Gross
				  negligence for the purposes of Clause 16.2 shall be determined by reference to
				  Clause 3.5.
				

			 

 

	 
			
				
				  16.5
				

			 	
				
				  Notwithstanding the provisions of
				  Clause 16.2, AIBIFS, shall not, save in the case of fraud, be liable in respect
				  of any third party, indirect or consequential loss sustained or claimed to have
				  been sustained by the Company, GFL or any other person
				

			 

 

	 
			
				
				  17.
				

			 	
				
				  Indemnity
				  by the Company
				

			 

 

	 
		 
	 

	 
		12
	 

	 
		 
	 

	 

	 
	 

	 
	 
			
				
				  17.1
				

			 	
				
				  The Company
				  hereby agrees to indemnify AIBIFS and to defend and hold AIBIFS harmless
				  against all losses, liabilities, claims, charges, expenses, deductions, duties
				  and taxes, including any reasonable legal fees and disbursements, (each
				  referred to as a “Loss”) arising directly or
				  indirectly:
				

			 

 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  from any act
				  which AIBIFS or any agent of AIBIFS performs or permits in relation to or
				  pursuant to this Agreement;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (b)
				

			 	
				
				  in respect of
				  the performance of the Services by AIBIFS; and
				

			 

 

	 
			
				
				   
				

			 	
				
				  (c)
				

			 	
				
				  from
				  AIBIFS’ reliance or action on any information (in whatever form) provided
				  by the Company or GFL or any of their legal or other advisers in connection
				  with this Agreement;
				

			 

 

	 
		except where such
		Loss arises directly as a result of a material breach of AIBIFS’ duties
		hereunder or from fraud, gross negligence or wilful misconduct on the part of
		AIBIFS, its employees or agents.
	 

	 
			
				
				  18.
				

			 	
				
				  Events of
				  Default
				

			 

 

	 
		The occurrence of any
		of the following in respect of a party shall be an Event of Default with
		respect to it:
	 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  if it
				  breaches the terms of this Agreement and does not cure such breach within 5
				  days from the date on which it is notified, or becomes aware, of such breach or
				  if any representation or warranty made herein by it becomes untrue or
				  inaccurate in any material respect;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (b)
				

			 	
				
				  save in the
				  case of a reconstruction approved in writing by the other party, if an order is
				  made (under any law applicable to such party) relating to, or an effective
				  resolution is passed for its, bankruptcy, insolvency, receivership, winding up,
				  liquidation or examination or if it is for any other reason dissolved or
				  otherwise ceases to exist;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (c)
				

			 	
				
				  if an
				  encumbrancer takes possession of, or a receiver or administrator is appointed
				  over, any of its assets;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (d)
				

			 	
				
				  if it becomes
				  insolvent or enters into an arrangement or composition with its
				  creditors;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (e)
				

			 	
				
				  if any final
				  order of distress, execution, sequestration or other process is levied or
				  enforced upon or against its property and is not discharged within seven
				  days;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (f)
				

			 	
				
				  if it is
				  unable or deemed to be unable to pay its debts as they fall due;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (g)
				

			 	
				
				  if anything
				  analogous to any of the foregoing events occurs in respect of it in any
				  applicable jurisdiction;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (h)
				

			 	
				
				  in the case
				  of AIBIFS only, it ceases to be a Subsidiary of AIB;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (i)
				

			 	
				
				  if it ceases
				  to carry on the whole or a substantial part of its businesses; or
				

			 

 

	 
		 
	 

	 
		13
	 

	 
		 
	 

	 

	 
	 

	 
	 
			
				
				   
				

			 	
				
				  (j)
				

			 	
				
				  in the case
				  of the Company only:
				

			 

 

	 
			
				
				   
				

			 	
				
				  (i)
				

			 	
				
				  if GFL ceases
				  to be a wholly owned subsidiary of the Company; or
				

			 
	
				
				   
				

			 	
				
				  (ii)
				

			 	
				
				  any of the
				  events referred to in sub-clauses 18(b), (c), (d), (e), (f), (g) or (i) occurs
				  with respect to GFL .
				

			 

 

	  

	 
			
				
				  19.
				

			 	
				
				  Termination
				

			 

 

	 
			
				
				  19.1
				

			 	
				
				  AIBIFS’
				  appointment hereunder may be terminated by either party on the giving of not
				  less than:
				

			 

 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  15 days’
				  written notice to the other party immediately on the occurrence of an Event of
				  Default (except for an Event of Default pursuant to Clause 18(d), (f) or
				  (j)(ii) in relation to the other party); 
				

			 

 

	 
			
				
				   
				

			 	
				
				  (b)
				

			 	
				
				  45 days’
				  written notice to the other party immediately on the occurrence of an Event of
				  Default pursuant to Clause 18(d), (f) or (j)(ii) in relation to the other
				  party;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (c)
				

			 	
				
				  15 days’
				  written notice to the other party if in the reasonable opinion of such party
				  any applicable law, regulation, order or official directive makes it unlawful
				  for such party to continue its relationship as hereby contemplated; or
				

			 

 

	 
			
				
				   
				

			 	
				
				  (d)
				

			 	
				
				  (at any time
				  after the first Anniversary) 180 days’ written notice to the other party
				  at any time.
				

			 

 

	 
			
				
				  19.2
				

			 	
				
				  Upon the
				  termination of this Agreement, the Company shall pay to AIBIFS any amount due
				  and outstanding in respect of the Establishment Fee and the Service Fees
				  calculated up to the date of such termination and AIBIFS shall refund to the
				  Company any Service Fees paid by the Company in advance insofar as they relate
				  to any period after termination.
				

			 

 

	 
			
				
				  19.3
				

			 	
				
				  Any
				  termination of this Agreement pursuant to this Clause shall be without
				  prejudice to any previously accrued rights or obligations of either
				  party.
				

			 

 

	 
			
				
				  20.
				

			 	
				
				  Force
				  Majeure
				

			 

 

	 
		Neither party shall
		be liable to the other in respect of delay in performing or inability to
		perform its obligations hereunder if the same is due to an event beyond the
		reasonable control of such party, including, without limitation, an act of God
		or public enemy, war, insurrection, terrorism or riot, fire, flood, explosion,
		earthquake, accident, epidemic or quarantine restriction, act of Government or
		of any Governmental agency, strike, labour trouble causing cessation, slow down
		or interruption of work, (“Force Majeure
		Event”)
		PROVIDED that such party shall have taken
		reasonable steps to enable it to avoid delay in or discontinuance of such
		performance by procuring alternative facilities (if available) or taking other
		appropriate steps. 
	 

	 
			
				
				  20.1
				

			 	
				
				  AIBIFS’
				  appointment hereunder may be terminated by either party on the giving of 15
				  days written notice on the occurrence of a Force Majeure Event PROVIDED that AIBIFS has failed to
				  procure alternative facilities for the performance of the Services.
				

			 

 

	 
		 
	 

	 
		14
	 

	 
		 
	 

	 

	 
	 

	 
	 
			
				
				  21.
				

			 	
				
				  Payments
				

			 

 

	 
			
				
				  21.1
				

			 	
				
				  All payments
				  to be made to AIBIFS shall be paid to such account in Dublin as AIBIFS shall
				  from time to time notify in writing.
				

			 

 

	 
			
				
				  21.2
				

			 	
				
				  If for the
				  purposes of obtaining judgment in any Court it is necessary to convert a sum
				  due hereunder in one currency (in this paragraph called “the first
				  currency”) into another currency (in this paragraph called “the
				  second currency”) the rate of exchange which shall be applied shall be
				  that at which AIBIFS in accordance with normal banking procedures could
				  purchase the first currency with the second currency on the Business Day next
				  preceding that on which final judgment is given and the obligation of the
				  Company in respect of any such sum due from it hereunder shall notwithstanding
				  any judgment in the second currency be discharged only to the extent that on
				  the Business Day following receipt by AIBIFS of any sum adjudged to be due
				  hereunder in the second currency AIBIFS may in accordance with normal banking
				  procedures purchase the first currency with the second currency and if the
				  first currency so purchased falls short of the first currency sum originally
				  due to AIBIFS, the Company agrees that it shall as a separate obligation and
				  notwithstanding any such judgment indemnify AIBIFS against such
				  shortfall.
				

			 

 

	 
			
				
				  21.3
				

			 	
				
				  If any sum of
				  money is required to be paid or any act or thing falls to be performed
				  hereunder on a date (the “Stipulated Date”) which is not a
				  Business Day the same shall be paid or performed instead upon the first
				  Business Day next following thereafter unless such day falls in the calendar
				  month succeeding that in which the Stipulated Date falls, in which case such
				  sum shall be paid or such act or thing shall be performed upon the last
				  Business Day preceding the Stipulated Date.
				

			 

 

	 
			
				
				  22.
				

			 	
				
				  Assignment
				

			 

 

	 
		Neither party hereto
		shall be entitled to assign this Agreement or any part of its rights and
		obligations hereunder without the prior consent in writing of the other
		party.
	 

	 
			
				
				  23.
				

			 	
				
				  Relationship of
				  Parties
				

			 

 

	 
		Nothing contained in
		this Agreement is intended to or shall constitute a partnership, association,
		joint venture or other such relationship between AIBIFS and the Company.
	 

	 
			
				
				  24.
				

			 	
				
				  Amendment
				

			 

 

	 
		Neither party shall
		be entitled to rely on any change in any provision of this Agreement unless it
		has been effected in writing and duly executed by or on behalf of each of the
		parties.
	 

	 
			
				
				  25.
				

			 	
				
				  Notices
				

			 

 

	 
		Every notice or
		demand to be given or made under this Agreement shall be in writing and shall
		be expressed to be a notice or demand hereunder and shall be deemed duly given
		or made:
	 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  upon being
				  left on a Business Day at:
				

			 

 

	 
		 
	 

	 
		15
	 

	 
		 
	 

	 

	 
	 

	 
	 
			
				
				   
				

			 	
				
				  (i)
				

			 	
				
				  the address
				  set out below of the party to whom it is being given, or
				

			 

 

	 
			
				
				   
				

			 	
				
				  (ii)
				

			 	
				
				  such other
				  address as such party shall have previously communicated by notice to the
				  other, or
				

			 

 

	 
			
				
				   
				

			 	
				
				  (b)
				

			 	
				
				  four Business
				  Days after posting by prepaid registered post to:
				

			 

 

	 
			
				
				   
				

			 	
				
				  (i)
				

			 	
				
				  the address
				  set out below of the party to whom it is being posted; or
				

			 

 

	 
			
				
				   
				

			 	
				
				  (ii)
				

			 	
				
				  such other
				  address as such party shall have previously communicated by notice to the
				  other; or
				

			 

 

	 
			
				
				   
				

			 	
				
				  (c)
				

			 	
				
				  if
				  transmitted on a Business Day by facsimile to the correct facsimile number of
				  the party to whom it is being transmitted, upon transmission thereof.
				

			 

 

	 
		PROVIDED
		that, in the
		case of (a) and (c) above, if the date on which it is so left or transmitted is
		not a Business Day, it shall be deemed given or made on the next following
		Business Day.
	 

	 
		The addresses for
		service on the parties are:
	 

	 
		 
	 

	 
			
				
				  AIBIFS:
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  Address:
				

			 	
				
				   
				

			 	
				
				  AIB
				  International Centre
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  International
				  Financial Services Centre
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Dublin
				  1
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  Attention:
				

			 	
				
				   
				

			 	
				
				  Managing
				  Director
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  Facsimile
				  Number:
				

			 	
				
				   
				

			 	
				
				  + 353 1 874
				  3050
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  The
				  Company:
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  Address:
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  Attention:
				

			 	
				
				   
				

			 	
				
				  Chief
				  Executive Officer
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  Facsimile
				  Number:
				

			 	
				
				   
				

			 	
				
				   
				

			 

 

	 
			
				
				  26.
				

			 	
				
				  Illegality
				  and Severability
				

			 

 

	 
		If at any time any
		provision of this Agreement becomes illegal, invalid or unenforceable in any
		respect under the law of any jurisdiction, neither the legality, validity or
		enforceability of the remaining provisions of this Agreement nor the legality,
		validity or enforceability of such provision under the laws of any other
		jurisdiction shall be in any way affected or impaired thereby.
	 

	 
			
				
				  27.
				

			 	
				
				  Entire
				  Agreement
				

			 

 

	 
		This Agreement
		embodies the entire contractual understanding between the parties and
		supersedes all previous statements, representations and agreements between the
		parties relating to the subject matter of this Agreement.
	 

	 
		 
	 

	 
		16
	 

	 
		 
	 

	 

	 
	 

	 
	 
			
				
				  28.
				

			 	
				
				  Waivers
				  and Indulgences
				

			 

 

	 
		No delay or omission
		on the part of either party in exercising any right, power or remedy under this
		Agreement shall impair such right, power or remedy or be construed as a waiver
		thereof nor shall any single or partial exercise of any such right, power or
		remedy preclude any further exercise thereof or the exercise of any other
		right, power or remedy. The rights, powers and remedies herein provided are
		cumulative and not exclusive of any rights, powers and remedies provided by
		law.
	 

	 
			
				
				  29.
				

			 	
				
				  Confidentiality
				

			 

 

	 
			
				
				  29.1
				

			 	
				
				  Each party
				  shall not, and shall use its reasonable endeavours to procure that its
				  employees shall not, disclose, save with the prior written consent of the other
				  party, any information relating to the business or operations of that other
				  party acquired by it in the course of providing or receiving the Services, as
				  the case may be, and which was not already in the public domain, to any person
				  not a party hereto other than:
				

			 

 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  on a
				  confidential basis to relevant employees, servants, agents, professional
				  advisers (including its auditors) or any other company which is, in the case of
				  AIBIFS, a member of its Group or, in the case of the Company, is its wholly
				  owned subsidiary; or
				

			 

 

	 
			
				
				   
				

			 	
				
				  (b)
				

			 	
				
				  following
				  notice to the other party, to any governmental or other regulatory authority or
				  otherwise as required by law or applicable regulations.
				

			 

 

	 
			
				
				  29.2
				

			 	
				
				  The
				  provisions of this Clause shall, without limit in point of time, continue to
				  apply after the termination of this Agreement but shall cease to apply to
				  information or knowledge which at any relevant time has entered into the public
				  domain, otherwise than as a result of a breach by AIBIFS or the Company of any
				  of their respective obligations under this Agreement.
				

			 

 

	 
			
				
				  29.3
				

			 	
				
				  Where
				  information or data is transferred by e-mail in pursuance of any provision of
				  this Agreement the transmitting party shall not be required to cause or procure
				  the encryption of such information or data or the integrity of the transmission
				  (other than the correct addressing thereof) and any discovery by a third party
				  of the contents thereof or of any part thereof shall not be a breach of the
				  above confidentiality provisions.
				

			 

 

	 
			
				
				  30.
				

			 	
				
				  Data
				  Protection
				

			 

 

	 
		Each party undertakes
		to comply with the provisions of the Data Protection Acts 1988 and 2003, in
		relation to any data stored by it in the course of and in connection with the
		performance or exercise by it of its obligations or rights under this
		Agreement.
	 

	 
			
				
				  31.
				

			 	
				
				  No
				  Restrictions
				

			 

 

	 
		Nothing in this
		Agreement shall limit or restrict the right of any director, officer or
		employee of AIBIFS or any director, officer, employee or partner of any member
		of its Group to engage in any other business or to devote his time and
		attention to the management or other aspects of any other business, whether of
		a similar or dissimilar nature, nor to limit or restrict the right of AIBIFS or
		any member of its Group to 
	 

	 
		 
	 

	 
		17
	 

	 
		 
	 

	 

	 
	 

	 
	 
		engage in any other
		business or to render services of any kind to any other corporation, firm,
		individual or association.
	 

	 
			
				
				  32.
				

			 	
				
				  Counterparts
				

			 

 

	 
		This Agreement may be
		executed in any number of counterparts and by the different parties on separate
		counterparts, each of which, when executed and delivered, shall constitute an
		original but all the counterparts shall together constitute but one and the
		same instrument.
	 

	 
			
				
				  33.
				

			 	
				
				  Governing
				  Law and Jurisdiction
				

			 

 

	 
		This Agreement shall
		be governed by and construed in accordance with the laws of Ireland and each of
		the parties irrevocably agrees that the courts of Ireland are to have
		jurisdiction to hear disputes which may arise out of or in connection with any
		action, suit or proceeding in connection with this Agreement which may be
		brought in such courts.
	 

	 
		 
	 

	 
		18
	 

	 
		 
	 

	 

	 
	 

	 
	 
		IN
		WITNESS whereof
		the parties hereto have executed this Agreement the day and year first herein
		written.
	 

	 
		Signed by
		[•]
	 

	 
		on behalf of
	 

	 
		AIB
		INTERNATIONAL
	 

	 
		FINANCIAL SERVICES
		LIMITED
	 

	 
		 
	 

	 
		 
	 

	 
		Signed by John
		McMahon
	 

	 
		on behalf of
	 

	 
		GENESIS LEASE
		LIMITED
	 

	 
		 
	 

	 
		19Dated [•]
		November 2006
	 

	 
		AIB INTERNATIONAL
		FINANCIAL SERVICES LIMITED
	 

	 
		AND
	 

	 
		GENESIS LEASE
		LIMITED
	 

	 
		CORPORATE SERVICES
		AGREEMENT
	 

	 
		 
 
	 

	 
		 
	 

	 

	 
	 

	 

	 
		Table of
		Contents
	 

	 
		 
	 

	 
			
				
				  Clause
				

			 	
				
				  Page
				

			 
	
				
				  1.
				

			 	
				
				  Definitions
				

			 	
				
				  1
				

			 
	
				
				  2.
				

			 	
				
				  Appointment of AIBIFS
				

			 	
				
				  4
				

			 
	
				
				  3.
				

			 	
				
				  Services
				

			 	
				
				  4
				

			 
	
				
				  4.
				

			 	
				
				  Operating
				  Procedures Manual
				

			 	
				
				  7
				

			 
	
				
				  5.
				

			 	
				
				  Monies
				

			 	
				
				  7
				

			 
	
				
				  6.
				

			 	
				
				  Anti-Money
				  Laundering Measures
				

			 	
				
				  7
				

			 
	
				
				  7.
				

			 	
				
				  Covenants
				

			 	
				
				  7
				

			 
	
				
				  8.
				

			 	
				
				  Representations and
				  Warranties
				

			 	
				
				  8
				

			 
	
				
				  9.
				

			 	
				
				  Fees
				

			 	
				
				  9
				

			 
	
				
				  10.
				

			 	
				
				  Activity
				  Levels and Annual Reviews
				

			 	
				
				  9
				

			 
	
				
				  11.
				

			 	
				
				  Legal
				  Costs
				

			 	
				
				  10
				

			 
	
				
				  12.
				

			 	
				
				  Other
				  Costs
				

			 	
				
				  10
				

			 
	
				
				  13.
				

			 	
				
				  Liabilities of the
				  Company
				

			 	
				
				  10
				

			 
	
				
				  14.
				

			 	
				
				  Liability
				  of AIBIFS
				

			 	
				
				  11
				

			 
	
				
				  15.
				

			 	
				
				  Indemnity
				  by the Company
				

			 	
				
				  11
				

			 
	
				
				  16.
				

			 	
				
				  Events of
				  Default
				

			 	
				
				  11
				

			 
	
				
				  17.
				

			 	
				
				  Termination
				

			 	
				
				  12
				

			 
	
				
				  18.
				

			 	
				
				  Force
				  Majeure
				

			 	
				
				  13
				

			 
	
				
				  19.
				

			 	
				
				  Payments
				

			 	
				
				  13
				

			 
	
				
				  20.
				

			 	
				
				  Assignment
				

			 	
				
				  13
				

			 
	
				
				  21.
				

			 	
				
				  Relationship of
				  Parties
				

			 	
				
				  14
				

			 
	
				
				  22.
				

			 	
				
				  Future
				  Agreements
				

			 	
				
				  14
				

			 
	
				
				  23.
				

			 	
				
				  Amendment
				

			 	
				
				  14
				

			 
	
				
				  24.
				

			 	
				
				  Notices
				

			 	
				
				  14
				

			 
	
				
				  25.
				

			 	
				
				  Illegality
				  and Severability
				

			 	
				
				  15
				

			 

 

	 
		 
	 

	 

	 
	 

	 

	 
			
				
				  26.
				

			 	
				
				  Entire
				  Agreement
				

			 	
				
				  15
				

			 
	
				
				  27.
				

			 	
				
				  Waivers
				  and Indulgences
				

			 	
				
				  15
				

			 
	
				
				  28.
				

			 	
				
				  Confidentiality
				

			 	
				
				  15
				

			 
	
				
				  29.
				

			 	
				
				  Data
				  Protection
				

			 	
				
				  16
				

			 
	
				
				  30.
				

			 	
				
				  No
				  Restrictions
				

			 	
				
				  16
				

			 
	
				
				  31.
				

			 	
				
				  Counterparts
				

			 	
				
				  16
				

			 
	
				
				  32.
				

			 	
				
				  Governing
				  Law and Jurisdiction
				

			 	
				
				  16
				

			 

 

	 
		 
	 

	 

	 
	 

	 

	 
		THIS
		AGREEMENT is
		made on [•] November 2006
	 

	 
		BETWEEN
	 

	 
		AIB INTERNATIONAL
		FINANCIAL SERVICES LIMITED having its registered office at
		AIB International Centre, International Financial Services Centre, Dublin 1
		(“AIBIFS”);
	 

	 
		and 
	 

	 
		GENESIS LEASE
		LIMITED having
		its registered office at [•] (the “Company”).
	 

	 
		RECITALS
	 

	 
			
				
				  A.
				

			 	
				
				  AIBIFS
				  carries on the business of (inter alia) providing accounting and administration
				  services.
				

			 

 

	 
			
				
				  B.
				

			 	
				
				  The Company
				  has been incorporated as a Bermuda exempted company under laws of Bermuda on 17
				  July 2006 for the purposes of (inter alia) acquiring and leasing commercial jet
				  aircraft and other aviation assets (the “Company’s
				  Business”).
				

			 

 

	 
			
				
				  C.
				

			 	
				
				  AIBIFS has
				  agreed to provide to the Company certain administrative, accounting and
				  back-office services as more particularly set out in this Agreement and subject
				  to the terms and conditions set forth in this Agreement.
				

			 

 

	 
		IT IS
		AGREED as
		follows:
	 

	 
			
				
				  1.
				

			 	
				
				  Definitions
				

			 

 

	 
			
				
				  1.1
				

			 	
				
				  In this
				  Agreement (including the Recitals) unless provided to the contrary,
				

			 

 

	 
		 
	 

	 
			
				
				  “Agreement”
				

			 	
				
				   
				

			 	
				
				  means this
				  Agreement;
				

			 
	
				
				  “AIB”
				

			 	
				
				   
				

			 	
				
				  means Allied
				  Irish Banks, p.l.c.;
				

			 
	
				
				  “Anniversary”
				

			 	
				
				   
				

			 	
				
				  means an
				  anniversary of the First Payment Date;
				

			 
	
				
				  “Annual
				  Review”
				

			 	
				
				   
				

			 	
				
				  has the
				  meaning given to it in Clause 10.2
				

			 
	
				
				  the
				  “Board”
				

			 	
				
				   
				

			 	
				
				  means the
				  board of directors of the Company;
				

			 
	
				
				  “Business
				  Day”
				

			 	
				
				   
				

			 	
				
				  means a day
				  (other than a Saturday, Sunday or a public holiday) on which commercial banks
				  are open for the transaction of business in Dublin and New York;
				

			 
	
				
				  “Commencement
				  Date”
				

			 	
				
				   
				

			 	
				
				  [subject to agreement between the
				  parties hereto, but no later than 31 December 2006];
				

			 

 

	 
		 
	 

	 
		1
	 

	 
		 
	 

	 

	 
	 

	 

	 
		 
	 

	 
			
				
				  
				  “Companies Acts”
				

			 	
				
				   
				

			 	
				
				  means the
				  Companies Acts 1963 to 2005;
				

			 
	
				
				  “Consumer Price
				  Index”
				

			 	
				
				   
				

			 	
				
				  means the
				  Consumer Price Index as published by the Central Statistics Office or any
				  successor entity thereto;
				

			 
	
				
				  “Company Quarter
				  End”
				

			 	
				
				   
				

			 	
				
				  means each of
				  31 March, 30 June and 30 September
				

			 
	
				
				  “Company Year
				  End”
				

			 	
				
				   
				

			 	
				
				  means 31
				  December; 
				

			 
	
				
				  “Daily Service
				  Fee”
				

			 	
				
				   
				

			 	
				
				  has the
				  meaning given to it in Clause 9.2
				

			 
	
				
				  “Establishment
				  Fee”
				

			 	
				
				   
				

			 	
				
				  has the
				  meaning given to it in Clause 9.1;
				

			 
	
				
				  “Event of
				  Default”
				

			 	
				
				   
				

			 	
				
				  has the
				  meaning given to it in Clause 16;
				

			 
	
				
				  “First Payment
				  Date”
				

			 	
				
				   
				

			 	
				
				  has the
				  meaning given to it in Clause 9.3;
				

			 
	
				
				  “€”
				  or “Euro”
				

			 	
				
				   
				

			 	
				
				  means the
				  currency introduced at the third stage of European Economic and Monetary Union
				  pursuant to the Treaty establishing the European Communities, as amended by the
				  Treaty on European Union, and the smallest subdivision of which shall be one
				  hundredth of a euro or a “cent”;
				

			 
	
				
				  “Group”
				

			 	
				
				   
				

			 	
				
				  means in
				  respect of any party:
				

				
				  (a)       that
				  party;
				

				
				  (b)       any
				  Holding Company of that party; and
				

				
				  (c)       any
				  other Subsidiary of:
				

				
				  (i)       that
				  party; or
				

				
				  (ii)      any
				  Holding Company of that party;
				

			 
	
				
				  “GLL
				  Corporate Services Agreements”
				

			 	
				
				   
				

			 	
				
				  means this
				  Agreement and any other agreement entered into on the date hereof between
				  AIBIFS and the Company in respect of the provision of administrative,
				  accounting and/or back office services to the Company in respect of itself or
				  any of its subsidiaries;
				

			 
	
				
				  “Holding
				  Company”
				

			 	
				
				   
				

			 	
				
				  means a
				  holding company within the meaning of Section 155;
				

			 
	
				
				  “NYSE”
				

			 	
				
				   
				

			 	
				
				  means the New
				  York Stock Exchange;
				

			 

 

	 
		 
	 

	 
		2
	 

	 
		 
	 

	 

	 
	 

	 

	 
		 
	 

	 
			
				
				  “Operating Procedures
				  Manual”
				

			 	
				
				   
				

			 	
				
				  has the
				  meaning given to it under Clause 4;
				

			 
	
				
				  “parties”
				

			 	
				
				   
				

			 	
				
				  means the
				  parties to this Agreement;
				

			 
	
				
				  “Quarterly
				  Payments”
				

			 	
				
				   
				

			 	
				
				  has the
				  meaning given to it in Clause 9.2;
				

			 
	
				
				  “Relevant
				  Percentage”
				

			 	
				
				   
				

			 	
				
				  means at any
				  time the percentage rate which is equal to the increase or decrease (if any) in
				  the Consumer Price Index in the previous year;
				

			 
	
				
				  “SEC”
				

			 	
				
				   
				

			 	
				
				  means the
				  United States Securities and Exchange Commission;
				

			 
	
				
				  “Section
				  155”
				

			 	
				
				   
				

			 	
				
				  means Section
				  155 of the Companies Act 1963 (as amended);
				

			 
	
				
				  “Services”
				

			 	
				
				   
				

			 	
				
				  means the
				  services provided or to be provided by AIBIFS as set out in Clause 3.1;
				

			 
	
				
				  “Service
				  Fee”
				

			 	
				
				   
				

			 	
				
				  has the
				  meaning given to it in Clause 9.1;
				

			 
	
				
				  “Subsidiary”
				

			 	
				
				   
				

			 	
				
				  means a
				  subsidiary within the meaning of Section 155; and
				

			 
	
				
				  “Total Service
				  Fees”
				

			 	
				
				   
				

			 	
				
				  means all
				  Service Fees payable by the Company to AIBIFS under the GLL Corporate Services
				  Agreements;
				

			 
	
				
				  “VAT”
				

			 	
				
				   
				

			 	
				
				  means any
				  value added or other sales or service tax.
				

			 

 

	 
			
				
				  1.2
				

			 	
				
				  The headings
				  in this Agreement are inserted for convenience only and are to be ignored in
				  construing its provisions.
				

			 

 

	 
			
				
				  1.3
				

			 	
				
				  Unless the
				  context otherwise requires, words denoting the singular number only shall
				  include the plural and vice versa.
				

			 

 

	 
			
				
				  1.4
				

			 	
				
				  The words
				  “written” and “in writing” include any means of visual
				  reproduction.
				

			 

 

	 
			
				
				  1.5
				

			 	
				
				  Any reference
				  to a Clause or Schedule is to be construed as a reference to a Clause of or
				  Schedule to this Agreement.
				

			 

 

	 
			
				
				  1.6
				

			 	
				
				  Except as
				  otherwise specifically provided the words “hereof”,
				  “hereunder”, “herein” and other words of similar import
				  refer to this Agreement as a whole and not to any particular part of it.
				

			 

 

	 
			
				
				  1.7
				

			 	
				
				  Words and
				  expressions defined in the recitals hereto and which are used in the operative
				  part of this Agreement shall have the same meanings in the operative part of
				  this Agreement as they have in the said recitals.
				

			 

 

	 
		 
	 

	 
		3
	 

	 
		 
	 

	 

	 
	 

	 

	 
		 
	 

	 
			
				
				  1.8
				

			 	
				
				  References in
				  this Agreement to any statute, regulation, agreement or instrument are to be
				  construed as references to such statute, regulation, agreement or instrument as
				  it may from time to time be varied, amended, supplemented or
				  substituted.
				

			 

 

	 
			
				
				  2.
				

			 	
				
				  Appointment of AIBIFS
				

			 

 

	 
		The Company hereby
		appoints AIBIFS to provide the Services with effect from the Commencement
		Date.
	 

	 
			
				
				  3.
				

			 	
				
				  Services
				

			 

 

	 
			
				
				  3.1
				

			 	
				
				  AIBIFS shall,
				  subject to the other provisions of this Agreement, provide the following
				  services in connection with the Company’s Business:
				

			 

 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  subject to
				  Clauses 3.8 and 3.9, assist the Company to establish books of account in
				  compliance with US GAAP and the rules and regulations promulgated by the SEC
				  under the US Securities Act of 1933 and the US Securities Exchange Act of 1934
				  and, subject to the timely delivery to AIBIFS of clear and comprehensive
				  information thereof, record in such books the transactions of the
				  Company;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (b)
				

			 	
				
				  subject to
				  Clause 3.8, prepare monthly management accounts under US GAAP accounting rules
				  for review by the Board in such form as may be agreed between the parties from
				  time to time for delivery within 10 Business Days of the end of the period to
				  which such accounts relate, subject to AIBIFS having been supplied in good time
				  with all necessary data, materials, information and explanations for the
				  preparation of such accounts. 
				

			 

 

	 
			
				
				   
				

			 	
				
				  (c)
				

			 	
				
				  subject to
				  Clause 3.8, prepare unaudited quarterly consolidated accounts of the Company
				  under US GAAP accounting rules for review by the Board and the Company’s
				  independent auditor in such form as may be agreed between the parties within 20
				  Business Days of the Company Quarter End, subject to AIBIFS having been
				  supplied in good time with all necessary data, materials, information and
				  explanations for the preparation of such accounts;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (d)
				

			 	
				
				  subject to
				  Clause 3.8, prepare unaudited annual consolidated accounts of the Company under
				  US GAAP accounting rules for review by the Board and the Company’s
				  independent auditor for audit purposes in such form as may be agreed between
				  the parties within 30 Business Days of the Company Year End, subject to AIBIFS
				  having been supplied in good time with all necessary data, materials,
				  information and explanations for the preparation of such accounts;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (e)
				

			 	
				
				  provide the
				  auditors of the Company with all assistance and information reasonably
				  requested by them, subject to the information being in AIBIFS’s
				  possession;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (f)
				

			 	
				
				  subject to
				  Clauses 3.8 and 3.9, compile, with the assistance of the Company, the quarterly
				  and annual earnings releases containing financial information and reports
				  required by the US Securities Exchange Act of 1934 and the rules and
				  regulations promulgated thereunder by the SEC and the NYSE or 
				

			 

 

	 
		 
	 

	 
		4
	 

	 
		 
	 

	 

	 
	 

	 

	 
		otherwise as agreed
		between the parties hereto, it being understood that it is the responsibility
		of the Company to define, review and approve such reports for their
		completeness and accuracy and subject to AIBIFS having been supplied in good
		time with all necessary data, materials, information and explanations for the
		preparation of such reports; 
	 

	 
			
				
				   
				

			 	
				
				  (g)
				

			 	
				
				  instruct, on
				  behalf of the Company, the taxation advisers of the Company to prepare annually
				  the corporation tax computation and return together with the ongoing periodic
				  Irish VAT returns of the Company, to provide such tax advisers with all
				  information reasonably required by them and in AIBIFS’s possession and
				  following the signing of such return by an appropriate officer of the Company
				  to submit them to the Revenue Commissioners;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (h)
				

			 	
				
				  assist in the
				  opening of such bank account(s) of the Company as the Board shall, by
				  resolution or other due process, approve for the purpose of the Company
				  Business and monitor and reconcile such accounts on an agreed basis; 
				

			 

 

	 
			
				
				   
				

			 	
				
				  (i)
				

			 	
				
				  assist in
				  administering and settling the Company’s transactions on any account
				  referred to in Clause 3.1(h), as may be agreed between the parties from time to
				  time; 
				

			 

 

	 
			
				
				   
				

			 	
				
				  (j)
				

			 	
				
				  assist in
				  arranging meetings of the Board in Ireland as requested by the Company,
				  including assistance with the preparation of Board papers and if in attendance,
				  the drafting of minutes; 
				

			 

 

	 
			
				
				   
				

			 	
				
				  (k)
				

			 	
				
				  attend the
				  annual general meeting of the shareholders of the Company in Ireland. For the
				  avoidance of doubt AIBIFS will not be required to assist in (a) arranging, (b)
				  preparing papers for or (c) drafting minutes for meetings of the
				  shareholders;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (l)
				

			 	
				
				  attend and
				  participate at audit committee meetings of the Company in Ireland, as requested
				  and agreed between the parties from time to time;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (m)
				

			 	
				
				  subject to
				  receipt by AIBIFS of all appropriate information and advice from the
				  Company’s tax advisers as required, administer a payroll system in
				  relation to the remuneration payable to the Company’s employees in
				  Ireland, including assisting the Company with the administration resulting from
				  any share reward schemes; 
				

			 

 

	 
			
				
				   
				

			 	
				
				  (n)
				

			 	
				
				  prepare a
				  report in a form to be agreed between the parties on the Company’s
				  compliance with the financial covenants in the credit facility or other
				  agreements to which the Company is subject, it being understood that it is the
				  responsibility of the Company to define such financial covenants and to review
				  such reports for their completeness and accuracy and to supply AIBIFS in good
				  time with all necessary data, materials, information and explanations; 
				

			 

 

	 
			
				
				   
				

			 	
				
				  (o)
				

			 	
				
				  generally
				  assist in an administrative capacity in any matter ancillary to the foregoing
				  services as may be reasonably requested by the Company and agreed between the
				  parties.
				

			 

 

	 
		 
	 

	 
		5
	 

	 
		 
	 

	 

	 
	 

	 

	 
			
				
				  3.2
				

			 	
				
				  For the
				  avoidance of doubt and without limitation to the generality of this Agreement,
				  it is hereby agreed and acknowledged that nothing in this Agreement shall
				  require AIBIFS to provide any:
				

			 

 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  services
				  other than the Services;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (b)
				

			 	
				
				  any services
				  in respect of the activities of any entity other than the Company; or
				

			 

 

	 
			
				
				   
				

			 	
				
				  (c)
				

			 	
				
				  financial or
				  other support to the Company, whether to prevent the liquidation or insolvency
				  of the Company or otherwise.
				

			 

 

	 
			
				
				  3.3
				

			 	
				
				  AIBIFS shall
				  be entitled to delegate the performance of the Services to third parties
				  provided however that AIBIFS shall remain primarily liable for the performance
				  of the Services in accordance with the provisions of the Agreement and provided
				  further that AIBIFS shall obtain prior written consent (such consent not to be
				  unreasonably withheld) from the Company with respect to the delegation of any
				  obligations or tasks which are materially significant to the overall
				  performance of the Services under this Agreement.
				

			 

 

	 
			
				
				  3.4
				

			 	
				
				  It is
				  expressly agreed that the duties of AIBIFS hereunder are purely administrative
				  in character and that AIBIFS shall not be required or expected to perform the
				  functions normally performed by executive directors or employed management.
				  Notwithstanding the appointment of AIBIFS to perform the Services, the Company
				  shall remain responsible for all matters and decisions related to the
				  Company’s Business and the assets and liabilities of the Company.
				

			 

 

	 
			
				
				  3.5
				

			 	
				
				  AIBIFS shall
				  at all times in performing the Services use such reasonable care, skill and
				  diligence as is required by Irish law and is consistent with customary
				  commercial practice for the provision of services similar to the
				  Services.
				

			 

 

	 
			
				
				  3.6
				

			 	
				
				  In performing
				  the Services AIBIFS shall be entitled to (a) request instructions from the
				  Company and (b) to reasonably rely upon instructions (whether or not requested)
				  and upon notices, reports or other communications made by any party providing
				  services to the Company and shall not be responsible for the accuracy or
				  completeness of any such notices, reports or other communications. 
				

			 

 

	 
			
				
				  3.7
				

			 	
				
				  AIBIFS may
				  reasonably rely on the advice of any law firm, accounting firm, risk management
				  adviser, tax adviser or other professional adviser appointed by the Company and
				  any such adviser appointed in good faith by AIBIFS with the Company’s
				  prior written consent and shall not be liable for any claim by the Company to
				  the extent that it was acting in good faith upon the advice of any such
				  persons.
				

			 

 

	 
			
				
				  3.8
				

			 	
				
				  With respect
				  to any Services which require the maintenance and/or preparation of accounts
				  (including monthly, quarterly and annual accounts) in accordance with US GAAP
				  accounting rules, AIBIFS shall rely on directions from the Board, the
				  Company’s management and/or the Company’s advisors from time to time
				  in relation to the accounting policies in accordance with US GAAP to be adopted
				  by the Company. For the avoidance of doubt, the Company acknowledges and agrees
				  that AIBIFS will not audit the accounts of the Company or in any way certify
				  the accounts
				

			 

 

	 
		 
	 

	 
		6
	 

	 
		 
	 

	 

	 
	 

	 

	 
		 of the Company as
		being in compliance with any rule, regulation, law, practice or accounting
		standard and further acknowledges and agrees that the Company and its auditors
		will be responsible for such matters.
	 

	 
			
				
				  3.9
				

			 	
				
				  The Company
				  acknowledges that AIBIFS have no expertise in relation to interpretation or
				  application of the U.S. Securities Act of 1933, as amended, and the U.S.
				  Securities Exchange Act of 1934, as amended (collectively, “U.S.
				  Securities Laws”), or the rules and regulations promulgated by the SEC and
				  the NYSE. AIBIFS agrees to use reasonable best efforts to perform the Services
				  hereunder in accordance with the Company’s accounting policies and
				  procedures, U.S. Securities Laws and the rules and regulations promulgated by
				  the SEC and the NYSE, in each case as directed by the Company. Notwithstanding
				  the foregoing the Company acknowledges and agrees that nothing in this
				  Agreement will require AIBIFS to advise the Company on matters relating to the
				  interpretation or application of, or compliance by the Company with, US
				  Securities law or the rules and regulations promulgated by the SEC or NYSE. The
				  Company agrees to provide or to cause to be provided to AIBIFS the
				  Company’s accounting policies and procedures and interpretations thereof
				  and directions as to the application of U.S. Securities Laws (including any
				  amendments thereto) and the rules and regulations promulgated by the SEC and
				  the NYSE to the extent necessary for AIBIFS to perform the Services hereunder.
				  
				

			 

 

	 
			
				
				  4.
				

			 	
				
				  Operating
				  Procedures Manual
				

			 

 

	 
			
				
				  4.1
				

			 	
				
				  Without
				  prejudice to the provisions of Clause 3.2 and Clause 14.1 the parties
				  acknowledge that an operating procedures manual (the “Operating Procedures
				  Manual”)
				  shall be developed and agreed for the purpose of illustrating how the Services
				  will be performed by AIBIFS. The Operating Procedures Manual may be amended
				  from time-to-time by the parties by agreement. 
				

			 

 

	 
			
				
				  4.2
				

			 	
				
				  The contents
				  of the Operating Procedures Manual shall not constitute a legally binding
				  arrangement between the parties. For the avoidance of doubt, if there is any
				  conflict between the provisions of this Agreement and the contents of the
				  Operating Procedures Manual, the provisions of this Agreement shall
				  prevail.
				

			 

 

	 
			
				
				  5.
				

			 	
				
				  Monies
				

			 

 

	 
		AIBIFS shall account
		for and promptly pay over to a bank account nominated by the Company any sums
		received by AIBIFS on behalf of the Company.
	 

	 
			
				
				  6.
				

			 	
				
				  Anti-Money
				  Laundering Measures
				

			 

 

	 
		Each party shall
		comply with any obligations imposed on it from time to time by the provisions
		of any applicable law and regulation having the purpose of preventing money
		laundering. In particular, and without prejudice to the generality of this
		Clause, the Company shall cooperate promptly and fully with any steps taken by
		AIBIFS to identify the members of the Board, the shareholders and the ultimate
		economic beneficiaries of the Company.
	 

	 
			
				
				  7.
				

			 	
				
				  Covenants
				

			 

 

	 
		The Company hereby
		covenants with AIBIFS:
	 

	 
		 
	 

	 
		7
	 

	 
		 
	 

	 

	 
	 

	 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  that during
				  the continuance of this Agreement it shall not carry on any business other than
				  the Company’s Business; and
				

			 

 

	 
			
				
				   
				

			 	
				
				  (b)
				

			 	
				
				  promptly to
				  supply, and to procure that all third party service providers to the Company
				  shall supply, to AIBIFS all such information as is necessary for AIBIFS to
				  perform the Services under the provisions of Clause 3.1.
				

			 

 

	 
			
				
				  8.
				

			 	
				
				  Representations and
				  Warranties
				

			 

 

	 
			
				
				  8.1
				

			 	
				
				  AIBIFS
				  represents and warrants to the Company that:
				

			 

 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  it is a
				  company duly incorporated and validly existing under the laws of Ireland with
				  power to enter into this Agreement and to exercise its rights and perform its
				  obligations hereunder and all corporate or other action required to authorise
				  the execution of this Agreement by it and the performance by it of its
				  obligations hereunder has been duly taken; 
				

			 

 

	 
			
				
				   
				

			 	
				
				  (b)
				

			 	
				
				  it has not
				  taken any corporate action nor have any other steps been taken or legal
				  proceedings been started or (to the best of its knowledge and belief)
				  threatened against it for its bankruptcy, reorganisation, arrangement,
				  insolvency, winding-up, liquidation, composition, dissolution, re-organisation
				  or any similar proceedings or for the appointment of a liquidator, receiver,
				  administrator, examiner, trustee or similar officer over it or over any or all
				  of its assets or revenues; and 
				

			 

 

	 
			
				
				   
				

			 	
				
				  (c)
				

			 	
				
				  the
				  obligations expressed to be assumed by it in this Agreement are legal and valid
				  obligations binding on it in accordance with the terms of this Agreement
				  subject, as to enforceability, to applicable bankruptcy, reorganisation,
				  insolvency, moratorium or similar laws affecting creditor’s rights and to
				  equitable principles of general application (regardless of whether enforcement
				  is sought in a proceeding in equity or law).
				

			 

 

	 
			
				
				  8.2
				

			 	
				
				  The Company
				  represents and warrants to AIBIFS that:
				

			 

 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  it is a
				  Bermuda exempted company duly incorporated and validly existing under the laws
				  of Bermuda with power to enter into this Agreement and to exercise its rights
				  and perform its obligations hereunder and all corporate or other action
				  required to authorise the execution of this Agreement by it and the performance
				  by it of its obligations hereunder has been duly taken; 
				

			 

 

	 
			
				
				   
				

			 	
				
				  (b)
				

			 	
				
				  it has not
				  taken any corporate action nor have any other steps been taken or legal
				  proceedings been started or (to the best of its knowledge and belief)
				  threatened against it for its bankruptcy, reorganisation, arrangement,
				  insolvency, winding up, liquidation, composition, dissolution, re-organisation
				  or any similar proceedings or for the appointment of a liquidator, receiver,
				  administrator, examiner, trustee or similar officer over it or over any or all
				  of its assets or revenues; and 
				

			 

 

	 
			
				
				   
				

			 	
				
				  (c)
				

			 	
				
				  the
				  obligations expressed to be assumed by it in this Agreement are legal and valid
				  obligations binding on it in accordance with the terms of this Agreement
				  subject, as to enforceability, to applicable bankruptcy, reorganisation,
				

			 

 

	 
		 
	 

	 
		8
	 

	 
		 
	 

	 

	 
	 

	 

	 
		insolvency,
		moratorium or similar laws affecting creditor’s rights and to equitable
		principles of general application (regardless of whether enforcement is sought
		in a proceeding in equity or law).
	 

	 
			
				
				  8.3
				

			 	
				
				  The Company
				  acknowledges that it has not relied on any statements, opinions, forecasts or
				  other representations made by or on behalf of AIBIFS or any member of
				  AIBIFS’ Group in deciding to carry on the Company’s Business or to
				  enter or not enter into this or any other contract.
				

			 

 

	 
			
				
				  9.
				

			 	
				
				  Fees
				

			 

 

	 
			
				
				  9.1
				

			 	
				
				  The Company
				  shall pay the following fees to AIBIFS as consideration for the appointment of
				  AIBIFS under Clause 2 and the provision by AIBIFS of the Services:
				

			 

 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  an
				  establishment fee (the “Establishment Fee”) equal to €30,000
				  (exclusive of Value Added Tax), payable on the date hereof ; and
				

			 

 

	 
			
				
				   
				

			 	
				
				  (b)
				

			 	
				
				  subject to
				  Clause 10, an annual service fee (the “Service
				  Fee”) equal
				  to €225,000 (exclusive of Value Added Tax).
				

			 

 

	 
			
				
				  9.2
				

			 	
				
				  The Service
				  Fee shall be deemed to accrue from day to day on the basis of a 365-day year
				  (the daily portion of the Service Fee herein referred to as the
				  “Daily
				  Service Fee”) and shall be payable by
				  way of quarterly payments in advance which, subject to any increases under the
				  terms of this Agreement, are equal to €56,250 (the “Quarterly
				  Payments”).
				  
				

			 

 

	 
			
				
				  9.3
				

			 	
				
				  The first
				  Quarterly Payment shall be paid on the first day of the calendar quarter
				  following the Commencement Date (the “First Payment
				  Date”) and
				  each subsequent Quarterly Payment shall be paid on the first day of each
				  subsequent calendar quarter. In addition, on the Commencement Date the Company
				  shall also pay AIBIFS an amount equal to the Daily Service Fee multiplied by
				  the number of days from, and including, the Commencement Date up to, but
				  excluding, the First Payment Date. 
				

			 

 

	 
			
				
				  9.4
				

			 	
				
				  Subject to
				  Clause 17.2, the Service Fee shall be payable proportionately for any portion
				  of a quarter in which this Agreement terminates or is terminated.
				

			 

 

	 
			
				
				  9.5
				

			 	
				
				  All amounts
				  payable by the Company to AIBIFS (including but not limited to the
				  Establishment Fee and the Service Fee) shall be paid gross without any
				  deduction or withholding (whether in respect of set-off, counterclaim, duties,
				  taxes, charges, levies or otherwise howsoever) unless the Company is prohibited
				  by law from doing so in which event the Company shall forthwith pay to AIBIFS such additional amount as will
				  ensure that the net amount received by AIBIFS will equal the full amount which
				  would have been received and retained by it had no such deduction or
				  withholding been made.
				

			 

 

	 
			
				
				  9.6
				

			 	
				
				  The
				  Establishment Fee and Service Fee are exclusive of Value Added Tax which, if
				  any, will be for the account of and paid by the Company.
				

			 

 

	 
			
				
				  10.
				

			 	
				
				  Activity
				  Levels and Annual Reviews
				

			 

 

	 
			
				
				  10.1
				

			 	
				
				  The Company
				  acknowledges that the Service Fee has been agreed on the basis of the
				  anticipated activity levels of the Company and the expected volume of
				  Services
				

			 

 

	 
		 
	 

	 
		9
	 

	 
		 
	 

	 

	 
	 

	 

	 
		required to be
		rendered by AIBIFS to the Company, as represented to AIBIFS prior to the
		execution of this Agreement by or on behalf of the Company or those persons
		engaged in structuring, documenting and completing the transactions then
		proposed to comprise the Company’s Business.
	 

	 
			
				
				  10.2
				

			 	
				
				  The parties
				  shall conduct an annual review of the activity levels of the Company (the
				  “Annual
				  Review”)
				  with a view to agreeing an increase or decrease in the Service Fee if, at any
				  time, the actual volume of Services required to be rendered is materially
				  different from the volume as so represented (or, as the case may be, any
				  increased or decreased volume in respect of which an increased or decreased
				  Service Fee was previously agreed pursuant to this Clause 10.2) or if
				  non-compliance with Clause 7(b) results in a material change in the volume of
				  Services to be rendered by AIBIFS. 
				

			 

 

	 
			
				
				  10.3
				

			 	
				
				  Any increase
				  or decrease in the Service Fee pursuant to Clause 10.2 shall take effect on
				  each Anniversary in each year in which such increase or decrease is agreed
				  regardless of whether the Annual Review is not completed until after such
				  Anniversary.
				

			 

 

	 
			
				
				  10.4
				

			 	
				
				  Without
				  prejudice to any increase or decrease agreed pursuant to Clause 10.2, on each
				  Anniversary the Service Fee shall be increased or decreased by an amount equal
				  to the Relevant Percentage of the Service Fee payable immediately prior to such
				  Anniversary. 
				

			 

 

	 
			
				
				  11.
				

			 	
				
				  Legal
				  Costs
				

			 

 

	 
			
				
				  11.1
				

			 	
				
				  The legal
				  costs and expenses incurred by AIBIFS in connection with the drafting,
				  negotiation and execution of this Agreement and any other related documentation
				  between the Company and AIBIFS shall be payable on the date hereof and shall be
				  for the account of both the Company and AIBIFS on such terms as the parties
				  have agreed separately.
				

			 

 

	 
			
				
				  11.2
				

			 	
				
				  The Company
				  shall be responsible for the costs and expenses incurred by it in connection
				  with the drafting, negotiating and execution of this Agreement and other
				  related documentation.
				

			 

 

	 
			
				
				  12.
				

			 	
				
				  Other
				  Costs
				

			 

 

	 
			
				
				  12.1
				

			 	
				
				  The Company
				  shall be responsible for all costs and expenses incurred by AIBIFS in attending
				  the Company’s shareholders’ meetings, meetings of the Board, and the
				  audit committee meetings in the course of providing the Services under this
				  Agreement and such costs and expenses shall be payable on demand.
				

			 

 

	 
			
				
				  13.
				

			 	
				
				  Liabilities of the
				  Company
				

			 

 

	 
		AIBIFS shall not
		assume, nor shall it be obliged to discharge, any liability of the Company, and
		nothing contained in this Agreement shall be construed so as to imply that
		AIBIFS and/or the Company intended any such assumption. Without prejudice to
		the foregoing, if AIBIFS settles any expense of the Company, it shall be
		entitled to reimbursement on demand.
	 

	 
		 
	 

	 
		10
	 

	 
		 
	 

	 

	 
	 

	 

	 
			
				
				  14.
				

			 	
				
				  Liability
				  of AIBIFS
				

			 

 

	 
			
				
				  14.1
				

			 	
				
				  The
				  obligations of AIBIFS hereunder are limited to those matters that are expressly
				  the responsibility of AIBIFS in accordance with the terms of this Agreement and
				  no covenant or obligation shall be implied in this Agreement against AIBIFS.
				  
				

			 

 

	 
			
				
				  14.2
				

			 	
				
				  Subject to
				  Clause 14.3, AIBIFS shall only be liable for any loss, damage, cost or expense
				  sustained by the Company to the extent that it results directly from a material
				  breach of its duties hereunder or from fraud, gross negligence or wilful
				  misconduct on the part of AIBIFS, its employees or agents in the performance by
				  AIBIFS of its obligations under this Agreement.
				

			 

 

	 
			
				
				  14.3
				

			 	
				
				  The Company
				  agrees that the aggregate liability of AIBIFS under the GLL Corporate Services
				  Agreements in any calendar year shall (save to the extent that it arises from
				  fraud) at no time exceed the Total Service Fees payable to AIBIFS by the
				  Company in such calendar year.
				

			 

 

	 
			
				
				  14.4
				

			 	
				
				  Gross
				  negligence for the purposes of Clause 14.2 shall be determined by reference to
				  Clause 3.5.
				

			 

 

	 
			
				
				  14.5
				

			 	
				
				  Notwithstanding the provisions of
				  Clause 14.2, AIBIFS, shall not, save in the case of fraud, be liable in respect
				  of any third party, indirect or consequential loss sustained or claimed to have
				  been sustained by the Company.
				

			 

 

	 
			
				
				  15.
				

			 	
				
				  Indemnity
				  by the Company
				

			 

 

	 
			
				
				  15.1
				

			 	
				
				  The Company
				  hereby agrees to indemnify AIBIFS and to defend and hold AIBIFS harmless
				  against all losses, liabilities, claims, charges, expenses, deductions, duties
				  and taxes, including any reasonable legal fees and disbursements, (each
				  referred to as a “Loss”) arising directly or
				  indirectly:
				

			 

 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  from any act
				  which AIBIFS or any agent of AIBIFS performs or permits in relation to or
				  pursuant to this Agreement;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (b)
				

			 	
				
				  in respect of
				  the performance of the Services by AIBIFS; and
				

			 

 

	 
			
				
				   
				

			 	
				
				  (c)
				

			 	
				
				  from
				  AIBIFS’ reliance or action on any information (in whatever form) provided
				  by the Company or any of its legal or other advisers in connection with this
				  Agreement;
				

			 

 

	 
		except where such
		Loss arises directly as a result of a material breach of AIBIFS’ duties
		hereunder or from fraud, gross negligence or wilful misconduct on the part of
		AIBIFS, its employees or agents.
	 

	 
			
				
				  16.
				

			 	
				
				  Events of
				  Default
				

			 

 

	 
		The occurrence of any
		of the following in respect of a party shall be an Event of Default with
		respect to it:
	 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  if it
				  breaches the terms of this Agreement and does not cure such breach within 5
				  days from the date on which it is notified, or becomes aware, of such
				

			 

 

	 
		 
	 

	 
		11
	 

	 
		 
	 

	 

	 
	 

	 

	 
		breach or if any
		representation or warranty made herein by it becomes untrue or inaccurate in
		any material respect;
	 

	 
			
				
				   
				

			 	
				
				  (b)
				

			 	
				
				  save in the
				  case of a reconstruction approved in writing by the other party, if an order is
				  made (under any law applicable to such party) relating to, or an effective
				  resolution is passed for its, bankruptcy, insolvency, receivership, winding up,
				  liquidation or examination or if it is for any other reason dissolved or
				  otherwise ceases to exist;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (c)
				

			 	
				
				  if an
				  encumbrancer takes possession of, or a receiver or administrator is appointed
				  over, any of its assets;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (d)
				

			 	
				
				  if it becomes
				  insolvent or enters into an arrangement or composition with its
				  creditors;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (e)
				

			 	
				
				  if any final
				  order of distress, execution, sequestration or other process is levied or
				  enforced upon or against its property and is not discharged within seven
				  days;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (f)
				

			 	
				
				  if it is
				  unable or deemed to be unable to pay its debts as they fall due;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (g)
				

			 	
				
				  if anything
				  analogous to any of the foregoing events occurs in respect of it in any
				  applicable jurisdiction;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (h)
				

			 	
				
				  in the case
				  of AIBIFS only, it ceases to be a Subsidiary of AIB; or
				

			 

 

	 
			
				
				   
				

			 	
				
				  (i)
				

			 	
				
				  if it ceases
				  to carry on the whole or a substantial part of its businesses.
				

			 

 

	 
			
				
				  17.
				

			 	
				
				  Termination
				

			 

 

	 
			
				
				  17.1
				

			 	
				
				  AIBIFS’
				  appointment hereunder may be terminated by either party on the giving of not
				  less than:
				

			 

 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  15 days’
				  written notice to the other party immediately on the occurrence of an Event of
				  Default (except for an Event of Default pursuant to Clause 16(d) or (f)) in
				  relation to the other party);
				

			 

 

	 
			
				
				   
				

			 	
				
				  (b)
				

			 	
				
				  45 days’
				  written notice to the other party immediately on the occurrence of an Event of
				  Default pursuant to Clause 16(d) or (f) in relation to the other party;
				

			 

 

	 
			
				
				   
				

			 	
				
				  (c)
				

			 	
				
				  15 days’
				  written notice to the other party if in the reasonable opinion of such party
				  any applicable law, regulation, order or official directive makes it unlawful
				  for such party to continue its relationship as hereby contemplated; or
				

			 

 

	 
			
				
				   
				

			 	
				
				  (d)
				

			 	
				
				  (at any time
				  after the first Anniversary) 180 days’ written notice to the other party
				  at any time.
				

			 

 

	 
			
				
				  17.2
				

			 	
				
				  Upon the
				  termination of this Agreement, the Company shall pay to AIBIFS any amount due
				  and outstanding in respect of the Establishment Fee and the Service Fees
				  calculated up to the date of such termination and AIBIFS shall refund to the
				  Company any Service Fees paid by the Company in advance insofar as they relate
				  to any period after termination.
				

			 

 

	 
		 
	 

	 
		12
	 

	 
		 
	 

	 

	 
	 

	 

	 
			
				
				  17.3
				

			 	
				
				  Any
				  termination of this Agreement pursuant to this Clause shall be without
				  prejudice to any previously accrued rights or obligations of either
				  party.
				

			 

 

	 
			
				
				  18.
				

			 	
				
				  Force
				  Majeure
				

			 

 

	 
			
				
				  18.1
				

			 	
				
				  Neither party
				  shall be liable to the other in respect of delay in performing or inability to
				  perform its obligations hereunder if the same is due to an event beyond the
				  reasonable control of such party, including, without limitation, an act of God
				  or public enemy, war, insurrection, terrorism or riot, fire, flood, explosion,
				  earthquake, accident, epidemic or quarantine restriction, act of Government or
				  of any Governmental agency, strike, labour trouble causing cessation, slow down
				  or interruption of work (“Force Majeure
				  Event”)
				  PROVIDED that such party shall have taken
				  reasonable steps to enable it to avoid delay in or discontinuance of such
				  performance by procuring alternative facilities (if available) or taking other
				  appropriate steps.
				

			 

 

	 
			
				
				  18.2
				

			 	
				
				  AIBIFS’
				  appointment hereunder may be terminated by either party on the giving of 15
				  days written notice on the occurrence of a Force Majeure Event PROVIDED that AIBIFS has failed to
				  procure alternative facilities for the performance of the Services.
				

			 

 

	 
			
				
				  19.
				

			 	
				
				  Payments
				

			 

 

	 
			
				
				  19.1
				

			 	
				
				  All payments
				  to be made to AIBIFS shall be paid to such account in Dublin as AIBIFS shall
				  from time to time notify in writing.
				

			 

 

	 
			
				
				  19.2
				

			 	
				
				  If for the
				  purposes of obtaining judgment in any Court it is necessary to convert a sum
				  due hereunder in one currency (in this paragraph called “the first
				  currency”) into another currency (in this paragraph called “the
				  second currency”) the rate of exchange which shall be applied shall be
				  that at which AIBIFS in accordance with normal banking procedures could
				  purchase the first currency with the second currency on the Business Day next
				  preceding that on which final judgment is given and the obligation of the
				  Company in respect of any such sum due from it hereunder shall notwithstanding
				  any judgment in the second currency be discharged only to the extent that on
				  the Business Day following receipt by AIBIFS of any sum adjudged to be due
				  hereunder in the second currency AIBIFS may in accordance with normal banking
				  procedures purchase the first currency with the second currency and if the
				  first currency so purchased falls short of the first currency sum originally
				  due to AIBIFS, the Company agrees that it shall as a separate obligation and
				  notwithstanding any such judgment indemnify AIBIFS against such
				  shortfall.
				

			 

 

	 
			
				
				  19.3
				

			 	
				
				  If any sum of
				  money is required to be paid or any act or thing falls to be performed
				  hereunder on a date (the “Stipulated Date”) which is not a Business
				  Day the same shall be paid or performed instead upon the first Business Day
				  next following thereafter unless such day falls in the calendar month
				  succeeding that in which the Stipulated Date falls, in which case such sum
				  shall be paid or such act or thing shall be performed upon the last Business
				  Day preceding the Stipulated Date.
				

			 

 

	 
			
				
				  20.
				

			 	
				
				  Assignment
				

			 

 

	 
		 
	 

	 
		13
	 

	 
		 
	 

	 

	 
	 

	 

	 
		Neither party hereto
		shall be entitled to assign this Agreement or any part of its rights and
		obligations hereunder without the prior consent in writing of the other
		party.
	 

	 
			
				
				  21.
				

			 	
				
				  Relationship of
				  Parties
				

			 

 

	 
		Nothing contained in
		this Agreement is intended to or shall constitute a partnership, association,
		joint venture or other such relationship between AIBIFS and the Company.
	 

	 
			
				
				  22.
				

			 	
				
				  Future
				  Agreements
				

			 

 

	 
			
				
				  22.1
				

			 	
				
				  The Company
				  may, from time to time, in its sole discretion, request AIBIFS to enter into
				  additional corporate services agreements (“Additional
				  Agreements”) with respect to the
				  provision by AIBIFS of administrative services to subsidiaries of the Company
				  upon terms to be mutually agreed between the parties.
				

			 

 

	 
			
				
				  23.
				

			 	
				
				  Amendment
				

			 

 

	 
		Neither party shall
		be entitled to rely on any change in any provision of this Agreement unless it
		has been effected in writing and duly executed by or on behalf of each of the
		parties.
	 

	 
			
				
				  24.
				

			 	
				
				  Notices
				

			 

 

	 
		Every notice or
		demand to be given or made under this Agreement shall be in writing and shall
		be expressed to be a notice or demand hereunder and shall be deemed duly given
		or made:
	 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  upon being
				  left on a Business Day at:
				

			 

 

	 
			
				
				   
				

			 	
				
				  (i)
				

			 	
				
				  the address
				  set out below of the party to whom it is being given, or
				

			 

 

	 
			
				
				   
				

			 	
				
				  (ii)
				

			 	
				
				  such other
				  address as such party shall have previously communicated by notice to the
				  other, or
				

			 

 

	 
			
				
				   
				

			 	
				
				  (b)
				

			 	
				
				  four Business
				  Days after posting by prepaid registered post to:
				

			 

 

	 
			
				
				   
				

			 	
				
				  (i)
				

			 	
				
				  the address
				  set out below of the party to whom it is being posted; or
				

			 

 

	 
			
				
				   
				

			 	
				
				  (ii)
				

			 	
				
				  such other
				  address as such party shall have previously communicated by notice to the
				  other; or
				

			 

 

	 
			
				
				   
				

			 	
				
				  (c)
				

			 	
				
				  if
				  transmitted on a Business Day by facsimile to the correct facsimile number of
				  the party to whom it is being transmitted, upon transmission thereof.
				

			 

 

	 
		PROVIDED
		that, in the
		case of (a) and (c) above, if the date on which it is so left or transmitted is
		not a Business Day, it shall be deemed given or made on the next following
		Business Day.
	 

	 
		 
	 

	 
		14
	 

	 
		 
	 

	 

	 
	 

	 

	 
		The addresses for
		service on the parties are:
	 

	 
		 
	 

	 
			
				
				  AIBIFS:
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  Address:
				

			 	
				
				   
				

			 	
				
				  AIB
				  International Centre
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  International
				  Financial Services Centre
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Dublin
				  1
				

			 
	 	 	 	 	 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  Attention:
				

			 	
				
				   
				

			 	
				
				  Managing
				  Director
				

			 
	 	 	 	 	 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  Facsimile
				  Number:
				

			 	
				
				   
				

			 	
				
				  + 353 1 874
				  3050
				

			 
	 	 	 	 	 
	
				
				  The
				  Company:
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  Address:
				

			 	
				
				   
				

			 	
				
				   
				

			 
	 	 	 	 	 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  Attention:
				

			 	
				
				   
				

			 	
				
				  Chief
				  Executive Officer
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  Facsimile
				  Number:
				

			 	
				
				   
				

			 	
				
				   
				

			 

 

	 
			
				
				  25.
				

			 	
				
				  Illegality
				  and Severability
				

			 

 

	 
		If at any time any
		provision of this Agreement becomes illegal, invalid or unenforceable in any
		respect under the law of any jurisdiction, neither the legality, validity or
		enforceability of the remaining provisions of this Agreement nor the legality,
		validity or enforceability of such provision under the laws of any other
		jurisdiction shall be in any way affected or impaired thereby.
	 

	 
			
				
				  26.
				

			 	
				
				  Entire
				  Agreement
				

			 

 

	 
		This Agreement
		embodies the entire contractual understanding between the parties and
		supersedes all previous statements, representations and agreements between the
		parties relating to the subject matter of this Agreement.
	 

	 
			
				
				  27.
				

			 	
				
				  Waivers
				  and Indulgences
				

			 

 

	 
		No delay or omission
		on the part of either party in exercising any right, power or remedy under this
		Agreement shall impair such right, power or remedy or be construed as a waiver
		thereof nor shall any single or partial exercise of any such right, power or
		remedy preclude any further exercise thereof or the exercise of any other
		right, power or remedy. The rights, powers and remedies herein provided are
		cumulative and not exclusive of any rights, powers and remedies provided by
		law.
	 

	 
			
				
				  28.
				

			 	
				
				  Confidentiality
				

			 

 

	 
			
				
				  28.1
				

			 	
				
				  Each party
				  shall not, and shall use its reasonable endeavours to procure that its
				  employees shall not, disclose, save with the prior written consent of the other
				  party, any information relating to the business or operations of that other
				  party acquired by it in the course of providing or receiving the Services, as
				  the case may be, and which was not already in the public domain, to any person
				  not a party hereto other than:
				

			 

 

	 
		 
	 

	 
		15
	 

	 
		 
	 

	 

	 
	 

	 

	 
			
				
				   
				

			 	
				
				  (a)
				

			 	
				
				  on a
				  confidential basis to relevant employees, servants, agents, professional
				  advisers (including its auditors) or any other company which is, in the case of
				  AIBIFS, a member of its Group or, in the case of the Company, is its wholly
				  owned subsidiary; or
				

			 

 

	 
			
				
				   
				

			 	
				
				  (b)
				

			 	
				
				  following
				  notice to the other party, to any governmental or other regulatory authority or
				  otherwise as required by law or applicable regulations.
				

			 

 

	 
			
				
				  28.2
				

			 	
				
				  The
				  provisions of this Clause shall, without limit in point of time, continue to
				  apply after the termination of this Agreement but shall cease to apply to
				  information or knowledge which at any relevant time has entered into the public
				  domain, otherwise than as a result of a breach by AIBIFS or the Company of any
				  of their respective obligations under this Agreement.
				

			 

 

	 
			
				
				  28.3
				

			 	
				
				  Where
				  information or data is transferred by e-mail in pursuance of any provision of
				  this Agreement the transmitting party shall not be required to cause or procure
				  the encryption of such information or data or the integrity of the transmission
				  (other than the correct addressing thereof) and any discovery by a third party
				  of the contents thereof or of any part thereof shall not be a breach of the
				  above confidentiality provisions.
				

			 

 

	 
			
				
				  29.
				

			 	
				
				  Data
				  Protection
				

			 

 

	 
		Each party undertakes
		to comply with the provisions of the Data Protection Acts 1988 and 2003, in
		relation to any data stored by it in the course of and in connection with the
		performance or exercise by it of its obligations or rights under this
		Agreement.
	 

	 
			
				
				  30.
				

			 	
				
				  No
				  Restrictions
				

			 

 

	 
		Nothing in this
		Agreement shall limit or restrict the right of any director, officer or
		employee of AIBIFS or any director, officer, employee or partner of any member
		of its Group to engage in any other business or to devote his time and
		attention to the management or other aspects of any other business, whether of
		a similar or dissimilar nature, nor to limit or restrict the right of AIBIFS or
		any member of its Group to engage in any other business or to render services
		of any kind to any other corporation, firm, individual or association.
	 

	 
			
				
				  31.
				

			 	
				
				  Counterparts
				

			 

 

	 
		This Agreement may be
		executed in any number of counterparts and by the different parties on separate
		counterparts, each of which, when executed and delivered, shall constitute an
		original but all the counterparts shall together constitute but one and the
		same instrument.
	 

	 
			
				
				  32.
				

			 	
				
				  Governing
				  Law and Jurisdiction
				

			 

 

	 
		This Agreement shall
		be governed by and construed in accordance with the laws of Ireland and each of
		the parties irrevocably agrees that the courts of Ireland are to have
		jurisdiction to hear disputes which may arise out of or in connection with any
		action, suit or proceeding in connection with this Agreement which may be
		brought in such courts.
	 

	 
		 
	 

	 
		16
	 

	 
		 
	 

	 

	 
	 

	 

	 
		IN
		WITNESS whereof
		the parties hereto have executed this Agreement the day and year first herein
		written.
	 

	 
		Signed by
		[•]
	 

	 
		on behalf of
	 

	 
		AIB
		INTERNATIONAL
	 

	 
		FINANCIAL SERVICES
		LIMITED
	 

	 
		Signed by John
		McMahon
	 

	 
		on behalf of
	 

	 
		GENESIS LEASE
		LIMITED
	 

	 
		 
	 

	 
		17

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