Document:

Exhibit 10.24 Exchange Agreement dated August 14, 2018

 

 

 

 

 

 

 

 

EXCHANGE AGREEMENT 

 

BY AND AMONG 

 

LED LIGHTING COMPANY 

 

DATASIGHT, INC.

 

AND

 

CERTAIN OPTIONHOLDERS AND SHAREHOLDERS OF DATASIGHT, INC.

 

Dated August 14, 2018

TABLE OF CONTENTS

Page

 

ARTICLE I EXCHANGE OF SECURITIES1 

Section 1.1 The Exchange1 

Section 1.2 Exchange Ratio1 

ARTICLE II THE CLOSING2 

Section 2.1 Closing Date2 

Section 2.2 Transactions at Closing2 

 

ARTICLE III REPRESENTATIONS AND WARRANTIES OF LEDCO3 

Section 3.1 Organization3 

Section 3.2 Authorization3 

Section 3.3 Validity and Effect of Agreement3 

Section 3.4 No Conflict3 

Section 3.5 Capitalization3 

Section 3.6 Status of Common Stock3 

Section 3.7 SEC Reports and Financial Statements3 

Section 3.8 No Undisclosed Liabilities4 

Section 3.9 Litigation4 

Section 3.10 Tax-Free Exchange4 

Section 3.11 Brokers and Finders4 

Section 3.12 Taxes4 

Section 3.13 Access to Information4 

 

ARTICLE IV REPRESENTATIONS AND WARRANTIES OF DataSight4 

Section 4.1 Organization4 

Section 4.2 Authorization4 

Section 4.3 Validity and Effect of Agreement4 

Section 4.4 No Conflict4 

Section 4.5 Capitalization5 

Section 4.6 No Undisclosed Liabilities5 

Section 4.7 Material Contracts5 

Section 4.8 Intellectual Property Rights.5 

Section 4.9 Litigation5 

Section 4.10 Tax-Free Exchange5 

Section 4.11 Brokers and Finders5 

 

ARTICLE V REPRESENTATIONS AND WARRANTIES OF EACH SELLER6 

Section 5.1 Authorization6 

Section 5.2 Validity and Effect of Agreement6 

Section 5.3 No Breach or Violation6 

Section 5.4 Consents and Approvals6 

Section 5.5 Title6 

Section 5.6 Investor Status6 

Section 5.7 No Government Review6 

Section 5.8 Investment Intent6 

Section 5.9 Restrictions on Transfer6 

Section 5.10 Informed Investment7 

Section 5.11 Access to Information7 

Section 5.12 Reliance on Representations7 

Section 5.13 No General Solicitation7 

Section 5.14 Legends7 

Section 5.15 Placement and Finder’s Fees7 

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ARTICLE VI CERTAIN COVENANTS8 

Section 6.1 No Shop8 

Section 6.2 Further Assurances8 

Section 6.3 Public Announcements8 

Section 6.4 Notification of Certain Matters8 

Section 6.5 Tax-Free Exchange Status8 

Section 6.6 Resignation of Directors.   8 

Section 6.7 DataSight Audit.  .8 

Section 6.8 Option Plan.  8 

Section 6.9 Ordinary Course8 

 

ARTICLE VII CONDITIONS TO CONSUMMATION OF THE EXCHANGE9 

Section 7.1 Conditions to Obligations of DataSight9 

Section 7.2 Conditions to Obligations of LEDCO9 

 

ARTICLE VIII TERMINATION10 

Section 8.1 Termination10 

Section 8.2 Procedure and Effect of Termination10 

 

ARTICLE IX MISCELLANEOUS10 

Section 9.1 Entire Agreement10 

Section 9.2 Amendment and Modifications10 

Section 9.3 Extensions and Waivers10 

Section 9.4 Successors and Assigns11 

Section 9.5 Headings; Definitions11 

Section 9.6 Specific Performance11 

Section 9.7 Notices11 

Section 9.8 Governing Law11 

Section 9.9 Consent to Jurisdiction11 

Section 9.10 Counterparts11 

Section 9.11 Certain Definitions11 

 

  

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EXCHANGE AGREEMENT 

 

This Exchange Agreement (“Agreement”) is made and entered into as of August 14, 2018 by and among LED Lighting Company, a Delaware corporation (“LEDCO”), DataSight, Inc., a Nevada corporation (“DataSight”), and the shareholders and option holders of DataSight set forth on the signature pages to this Agreement (collectively, the “Sellers” and individually, a “Seller”) with respect to the following facts: 

 

RECITALS

 

A.Sellers own (i) more than ninety percent (90%) of the issued and outstanding shares of Common Stock, $.01 par value, of DataSight (the “DataSight Shares”) in the denominations as set forth opposite their respective names on Schedule I to this Agreement; and (ii) one hundred percent (100%) of the outstanding options (the “DataSight Options”) to purchase DataSight Shares in the amounts and exercise prices as set forth opposite their respective names on Schedule II to this Agreement and with the other terms described on Schedule II to this Agreement; 

 

B.LEDCO desires to acquire from Sellers, and Sellers desire to exchange and transfer to LEDCO, (i) all of the DataSight Shares owned by Sellers on the Closing Date in exchange for the issuance and delivery by LEDCO of one (1) share of Common Stock of LEDCO (“Common Stock”) for each one (1) DataSight Share (the “Exchange Ratio”); and (ii) all of the DataSight Options owned by Sellers on the Closing Date in exchange  for the issuance and delivery by LEDCO of options to purchase shares of LEDCO Common Stock (the “LEDCO Options”) as described on Schedule II (the “Exchange”); 

 

C.It is intended that, for federal income tax purposes, the Exchange shall qualify as an exchange described in Section 351 of the of the Internal Revenue Code of 1986, as amended (the “Code”) and a reorganization described in Section 368 of the Code. 

 

NOW, THEREFORE, in consideration of the foregoing premises and representations, warranties, covenants and agreements contained herein, and intending to be legally bound hereby, the parties hereto agree as follows:

 

ARTICLE I

 

EXCHANGE OF SECURITIES

 

Section 1.1 The Exchange.  On the terms and subject to the conditions of this Agreement, (i) LEDCO shall issue and deliver to each of the Sellers owning DataSight Shares such number of shares of Common Stock as is set forth opposite such Seller’s name on Schedule I hereto, and each such Seller shall sell, transfer and deliver to LEDCO, the number of issued and outstanding DataSight Shares set forth opposite such Seller’s name on Schedule I hereto along with a duly executed share assignment endorsed in favor of LEDCO on the Closing Date; and (ii) LEDCO shall issue and deliver to each of the Sellers owning DataSight Options such number of LEDCO Options as set forth opposite such Seller’s name on Schedule II hereto, and each such Seller shall agree that the number of issued DataSight Options set forth opposite such Seller’s name on Schedule II hereto shall be terminated and of no further effect.  

 

Section 1.2 Exchange Ratio

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(a) At the Closing, the former shareholders of DataSight shall own no more than 7,329,500 shares of Common Stock of LEDCO (as provided on Schedule I); the stockholders of LEDCO shall own no more than 1,006,046 shares of Common Stock of LEDCO; and up to 66,667 shares shall be reserved for issuance by LEDCO to investors which invested $50,000 into LEDCO prior to the Closing Date.

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(b) If between the date of this Agreement and the Closing Date, the holders of issued and outstanding DataSight Shares constituting less than one hundred percent (100%) but more than ninety percent (90%) have agreed to the Exchange contemplated hereunder (all other DataSight shareholders are hereinafter the “Delayed Equityholders”), then DataSight shall proceed to the Closing of the Exchange, subject to satisfaction of the conditions set forth in Section 7.1.  For a period of three months following the Closing Date, LEDCO may, but shall not be required to accept for Exchange any DataSight Shares then held by any Delayed Equityholder, subject to such Delayed Equityholder’s execution of this Agreement as a Seller for all intents and purpose, including but not limited to assuming all representations, warranties and undertakings of the Sellers hereunder and performance of all of the conditions for Closing to be performed by each Seller hereunder.  Until such time as a Delayed Equityholder executes this Agreement and submits his DataSight Shares in exchange for shares of Common Stock (thereby becoming a Seller), and such exchange is accepted by LEDCO, such Delayed Equityholder shall remain a stockholder or option holder of DataSight and shall not be considered a stockholder or option holder of LEDCO and shall not be entitled to any of the rights thereof, including without limitation the right to vote or receive any distributions with respect thereto. 

 

ARTICLE II

 

THE CLOSING

 

Section 2.1 Closing Date.  The closing of the Exchange and the other transactions contemplated by this Agreement (the “Closing”) shall take place at the location and time as LEDCO and DataSight may agree on a date which is within three (3) business days after the closing conditions in Article 7 are satisfied. The time and date upon which the Closing actually occurs being referred to herein as the “Closing Date”.  

 

Section 2.2 Transactions at Closing.  At the Closing, the following transactions shall take place, which transactions shall be deemed as having taken place simultaneously and no transaction shall be deemed to have been completed or any document delivered until all such transactions have been completed and all required documents delivered:

 

(a) LEDCO shall deliver to DataSight, as agent for Sellers, the following documents:

 

(i) A treasury order issued to the LEDCO transfer agent corresponding to the Common Stock issued in the name of the Sellers in the amounts set forth in Schedule I; 

 

(ii) True copies of all consents and waivers obtained by LEDCO, in accordance with the provisions of Section 7.1 below; and

 

(iii) Such other documents and instruments as DataSight may reasonably request.

 

(b) DataSight shall deliver, or cause to be delivered, to LEDCO the following documents and/or shall take the following actions: 

 

(i) Validly executed Assignment Separate from Stock Certificates corresponding to the number of DataSight shares being transferred by the Sellers, issued in the name of LEDCO and shall register the shares in the name of LEDCO in the shareholders register of DataSight; and

 

(ii) Such other documents as LEDCO may reasonably request.

 

(c) The Sellers shall deliver the following documents:

 

(i) to LEDCO, duly executed assignments in the form attached hereto as Exhibit A effecting the immediate and unconditional sale, assignment and irrevocable transfer of DataSight Shares to LEDCO, free and clear of any Liens, or any other third party rights of any kind and nature, whether voluntarily incurred or arising by operation of law; and

 

(ii) to DataSight, as agent for LEDCO, all share certificates in respect of DataSight Shares. 

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ARTICLE III

 

REPRESENTATIONS AND WARRANTIES OF LEDCO

 

LEDCO represents and warrants to DataSight and each Seller that, subject to such exceptions as may be specifically set forth in the LEDCO Form 10-K for the year ended December 31, 2017 and the quarterly reports on Form 10-Q for the three months ended March 31, 2018 and the quarterly reports on Form 10-Q for the six months ended June 30, 2018  filed by LEDCO on the SEC’s EDGAR database, the statements contained in this Article III are true and correct as of the date of this Agreement and the date of Closing:

 

Section 3.1 Organization.  LEDCO is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization, with the corporate power and authority to own and operate its business as presently conducted, except where the failure to be or have any of the foregoing would not have a Material Adverse Effect.

 

Section 3.2 Authorization.  LEDCO has the requisite corporate power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the Exchange.  

 

Section 3.3 Validity and Effect of Agreement.  This Agreement has been duly and validly executed and delivered by LEDCO and, assuming that it has been duly authorized, executed and delivered by the other parties hereto, constitutes a legal, valid and binding obligation of LEDCO, in accordance with its terms except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors’ rights generally.

 

Section 3.4 No Conflict.  Neither the execution and delivery of this Agreement by LEDCO nor the performance by LEDCO of its obligations hereunder, nor the consummation of the Exchange, will: (i) conflict with LEDCO’s Certificate of Incorporation or Bylaws; (ii) violate any statute, law, ordinance, rule or regulation, applicable to LEDCO or any of the properties or assets of LEDCO; or (iii) violate, breach, be in conflict with or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, or permit the termination of any provision of, or result in the termination of, the acceleration of the maturity of, or the acceleration of the performance of any obligation of LEDCO, or result in the creation or imposition of any Lien upon any properties, assets or business of LEDCO under, any Contract or any order, judgment or decree to which LEDCO is a party or by which it or any of its assets or properties is bound or encumbered except, in the case of clauses (ii) and (iii), for such violations, breaches, conflicts, defaults or other occurrences which, individually or in the aggregate, would not have a Material Adverse Effect on LEDCO, or would not prevent or materially delay consummation of the Exchange or otherwise prevent the parties hereto from performing their respective obligations under this Agreement.

 

Section 3.5 Capitalization.  The authorized capital stock of LEDCO consists of (i) 100,000,000 shares of Common Stock, par value $0.0001 per share, of which 26,157,195 shares of Common Stock are issued and outstanding as of the date of this Agreement, and (ii) 20,000,000 shares of Preferred Stock, par value $0.0001 per share, of which no shares are issued and outstanding as of the date of this Agreement.  As of the Closing Date, the Company shall have no more than 1,006,046 shares of Common Stock issued and outstanding, and up to 66,667 shares of Common Stock shall be reserved for issuance to investors which invested $50,000 into LEDCO prior to the Closing Date.  All shares of capital stock of LEDCO outstanding as of the date of this Agreement have been duly authorized and validly issued, are fully paid and non-assessable, and are free of preemptive rights.

 

Section 3.6 Status of Common Stock.  The Common Stock, when issued and allotted at the Closing in exchange for DataSight Shares, will be duly authorized, validly issued, fully paid, non-assessable, and free of any preemptive rights, will be issued in compliance with all applicable laws concerning the issuance of securities, and will have the rights, preferences, privileges, and restrictions set forth in LEDCO’s Certificate of Incorporation and bylaws, and will be free and clear of any Liens of any kind and duly registered in the name of the Sellers, in LEDCO’s stockholders ledger. 

 

Section 3.7 SEC Reports and Financial Statements.  LEDCO has filed with the SEC all reports required to be filed by it under the Exchange Act or the Securities Act (the “LEDCO SEC Documents”).  As of their respective dates or, if amended, as of the date of the last such amendment, the LEDCO SEC Documents, including any financial statements or schedules included therein (i) did not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements made therein, in light of the circumstances under which they were made, not misleading, (ii) were complete and accurate in all material respects, and (iii) complied in all material respects with the applicable requirements of the Exchange Act and the Securities Act, as the case may be, and the applicable rules and regulations of the SEC thereunder.  

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Section 3.8 No Undisclosed Liabilities.  Except as disclosed in the LEDCO financial statements, included in the LEDCO SEC Documents, LEDCO does not have any liabilities, indebtedness or obligations, whether known or unknown, absolute, accrued, contingent or otherwise, and whether due or to become due (each a “Liability” and collectively, “Liabilities”).  As of the Closing Date, LEDCO shall have no Liabilities other than up to $10,000 in unsecured accounts payable or accrued expenses.

 

Section 3.9 Litigation.  There is no action pending or, to the knowledge of LEDCO, threatened against LEDCO that, individually or in the aggregate, directly or indirectly, would be reasonably likely to have a Material Adverse Effect, nor is there any outstanding judgment, decree or injunction, in each case against LEDCO, that, individually or in the aggregate, has or would be reasonably likely to have a Material Adverse Effect.

 

Section 3.10 Tax-Free Exchange.  LEDCO has not taken any action, nor does LEDCO know of any fact, that is reasonably likely to prevent the Exchange from qualifying as a “reorganization” within the meaning of Section 351 or 368 of the Code.

 

Section 3.11 Brokers and Finders.  Neither LEDCO, nor any of its officers, directors, employees or managers, has employed any broker, finder, advisor or consultant, or incurred any liability for any investment banking fees, brokerage fees, commissions or finders’ fees, advisory fees or consulting fees in connection with the Exchange for which LEDCO has or could have any liability.

 

Section 3.12Taxes.  The Company has filed all required Federal and State tax returns. 

 

Section 3.13Access to Information.  LEDCO acknowledges that it has had access to and has reviewed all documents and records relating to DataSight that it has deemed necessary in order to make an informed investment decision with respect to the acquisition of the DataSight shares. 

 

ARTICLE IV

 

REPRESENTATIONS AND WARRANTIES OF DATASIGHT

 

DataSight represents and warrants to LEDCO and each Seller that the statements contained in this Article IV are true and correct as of the date of this Agreement, as of the date of Closing, and for a period of one year subsequent to the Closing:

 

Section 4.1 Organization.  DataSight is duly organized and validly existing under the laws of the State of Nevada, with the corporate power and authority to own and operate its business as presently conducted, except where the failure to be or have any of the foregoing would not have a Material Adverse Effect.  DataSight has no subsidiaries.

 

Section 4.2 Authorization.  DataSight has the requisite corporate power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the Exchange.  

 

Section 4.3 Validity and Effect of Agreement.  This Agreement has been duly and validly executed and delivered by DataSight and, assuming that it has been duly authorized, executed and delivered by the other parties hereto, constitutes a legal, valid and binding obligation of DataSight, in accordance with its terms except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors’ rights generally. 

 

Section 4.4 No Conflict. Neither the execution and delivery of this Agreement by DataSight nor the performance by DataSight of its obligations hereunder, nor the consummation of the Exchange, will: (i) conflict with DataSight’s Articles of Incorporation; (ii) violate any statute, law, ordinance, rule or regulation, applicable to DataSight or any of its properties or assets; or (iii) violate, breach, be in conflict with or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, or permit the termination of any provision of, or result in the termination of, the acceleration of the maturity of, or the acceleration of the performance of any obligation of DataSight, or result in the creation or imposition of any Lien upon any properties, assets or business of DataSight under, any Material Contract or any order, judgment or decree to which DataSight is a party or by which it or any of its assets or properties is bound or encumbered except, in the case of clauses (ii) or (iii), for such violations, breaches, conflicts, defaults or other occurrences which, individually or in the aggregate, would not have a Material Adverse Effect on DataSight, or materially delay consummation of the Exchange or otherwise prevent the parties hereto from performing their obligations under this Agreement.

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Section 4.5 Capitalization.  At the Closing, the authorized capital stock of DataSight shall consists of 10,000,000 shares of DataSight’s common stock, and as of the Closing Date (i) no more than 7,329,500 shares of common stock will be issued and outstanding; (ii) no more than 710,000 DataSight Option shall be issued; and (iii) no more than 175,000 shares of DataSight common stock shall be issuable upon outstanding DataSight convertible notes.  Except for the transactions contemplated by this Agreement, there are no other share capital, preemptive rights, convertible securities, outstanding warrants, options or other rights to subscribe for, purchase or acquire from DataSight. All DataSight Shares outstanding as of the date of this Agreement have been duly authorized and validly issued, are fully paid and non-assessable, and are free of preemptive rights.

 

Section 4.6 No Undisclosed Liabilities.  DataSight has no material Liabilities, indebtedness or obligations, except those that have been incurred in the ordinary course of business, whether absolute, accrued, contingent or otherwise, and whether due or to become due. As of the Closing Date, DataSight shall have no Liabilities other than up to $60,000 in unsecured accounts payable or accrued expenses and $100,000 in convertible notes.

 

Section 4.7 Material Contracts.  DataSight has provided on Schedule 4.7 attached hereto (i) a true and correct list of each DataSight Material Contract; and (ii) a true and correct list of all contracts and agreements with any DataSight officer, director, consultant and shareholder.  Each DataSight Material Contract (i) is legal, valid, binding and enforceable and in full force and effect with respect to DataSight, and to DataSight’s knowledge is legal, valid, binding, enforceable and in full force and effect with respect to each other party thereto, in either case subject to the effect of bankruptcy, insolvency, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and except as the availability of equitable remedies may be limited by general principles of equity; and (ii) will continue to be legal, valid, binding and enforceable and in full force and effect immediately following the Closing (but only for such Material Contracts that have a contract term that continues beyond the Closing) in accordance with the terms thereof as in effect prior to the Closing, subject to the effect of bankruptcy, insolvency, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and except as the availability of equitable remedies may be limited by general principles of equity.  Neither DataSight nor, to DataSight’s  knowledge, any other party, is in breach or default, and no event has occurred which with notice or lapse of time would (i) constitute a breach or default by DataSight or, to DataSight’s knowledge, by any such other party, or (ii) permit termination, modification or acceleration, under the DataSight Material Agreement. 

 

Section 4.8 Intellectual Property Rights.  

 

(a) DataSight owns, or is licensed or otherwise possesses legally enforceable rights to use, all patents, trademarks, common law trademarks, trade names, trade secrets (including customer lists), service marks and copyrights, and any applications for and registrations of such patents, trademarks, service marks, and copyrights and all processes, formulas, methods, schematics, technology, know-how, computer software programs, data or applications and tangible or intangible proprietary information or material that are used in its business, free and clear of all liens, claims or encumbrances (all of which are referred to as the “DataSight Intellectual Property Rights”). The foregoing representation as it relates to all licenses, sublicenses and other agreements to which DataSight is a party and pursuant to which DataSight is authorized to use any third party technology, trade secret, know-how, process, patent, trademark or copyright, including software (“Licensed Intellectual Property”) is limited to the interests of DataSight pursuant to licenses from third parties, each of which is in full force and effect, is valid, binding and enforceable and grants DataSight such rights to such intellectual property as are used in the business as currently conducted. 

 

(b) DataSight (i) has not received notice of a claim of infringement of any patent, trademark, service mark, copyright, trade secret or other proprietary right of any third party and (ii) does not have any knowledge of any claim challenging or questioning the validity or effectiveness of any license or agreement relating to any DataSight Intellectual Property Rights or Licensed Intellectual Property.  DataSight has at all times used reasonable efforts to protect its proprietary information and to prevent such information from being released into the public domain. 

 

Section 4.9 Litigation.  There is no action pending or, to the knowledge of DataSight, threatened against DataSight that, individually or in the aggregate, directly or indirectly, would be reasonably likely to have a Material Adverse Effect, nor is there any outstanding judgment, decree or injunction, in each case against DataSight, that, individually or in the aggregate, has or would be reasonably likely to have a Material Adverse Effect.

 

Section 4.10 Tax-Free Exchange.  DataSight has not taken any action, nor does DataSight know of any fact, that is reasonably likely to prevent the Exchange from qualifying as a “reorganization” within the meaning of Section 351 or 368 of the Code.

 

Section 4.11 Brokers and Finders.  Except as described herein, neither DataSight nor any of its officers, directors, employees or managers, have employed any broker, finder, advisor or consultant, or incurred any liability for any investment banking fees, brokerage fees, commissions or finders’ fees, advisory fees or consulting fees in connection with the Exchange for which DataSight has or could have any liability.  

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ARTICLE V

 

REPRESENTATIONS AND WARRANTIES OF EACH SELLER

 

Each Seller, individually and not jointly, hereby makes the following representations and warranties to DataSight and LEDCO:

 

Section 5.1 Authorization.  Such Seller has all requisite power to execute and deliver, to perform its obligations under, and to consummate the transactions contemplated by, this Agreement. 

 

Section 5.2 Validity and Effect of Agreement.  Upon the execution and delivery of each other document to which such Seller is a party (assuming due execution and delivery by each other party thereto) each such other document will be the legal, valid and binding obligations of such Seller, enforceable against such Seller in accordance with their respective terms except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors’ rights generally.

 

Section 5.3 No Breach or Violation. The execution, delivery and performance by such Seller of this Agreement and each other document to which it is a party, and the consummation of the transactions contemplated hereby and thereby in accordance with the terms and conditions hereof and thereof, do not and will not conflict with (i) the certificate of incorporation or bylaws of such Seller, if applicable, or (ii) any agreement to which such Seller is a party, or by which such Seller or such Seller’s assets are bound or affected.

 

Section 5.4 Consents and Approvals.  No consent, approval, authorization or order of, registration or filing with, or notice to, any Government Authority or any other Person is necessary to be obtained, made or given by such Seller in connection with the execution, delivery and performance by such Seller of this Agreement or any other document to which it is a party or for the consummation by such Seller of the transactions contemplated hereby or thereby.

 

Section 5.5 Title.  The DataSight Shares to be delivered by such Seller in connection with the transactions contemplated herein are, and at the Closing will be owned, of record and beneficially, solely by such Seller, free and clear of any Lien and represent such Seller’s entire ownership interest in DataSight.  

 

Section 5.6 Investor Status.  Such Seller is an “accredited investor” as that term is defined in Rule 501(a) of Regulation D under the Securities Act and has properly completed the form attached hereto as Schedule II.

 

Section 5.7 No Government Review.  Such Seller understands that neither the SEC nor any securities commission or other Governmental Authority of any state, country or other jurisdiction has approved the issuance of the Common Stock or passed upon or endorsed the merits of the Common Stock or this Agreement or any of the other documents relating to the Exchange (collectively, the “Offering Documents”), or confirmed the accuracy of, determined the adequacy of, or reviewed the Exchange Agreement or the other Offering Documents.

 

Section 5.8 Investment Intent.  The shares of Common Stock are being acquired by Seller for Seller’s own account for investment purposes only, not as a nominee or agent and not with a view to the resale or distribution of any part thereof, and Seller has no present intention of selling, granting any participation in or otherwise distributing the same.  Seller further represents that Seller does not have any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participation to such person or third person with respect to any of DataSight Shares.

 

Section 5.9 Restrictions on Transfer.  Seller understands that the shares of Common Stock have not been registered under the Securities Act or registered or qualified under any foreign or state securities law, and may not be, directly or indirectly, sold, transferred, offered for sale, pledged, hypothecated or otherwise disposed of without registration under the Securities Act and registration or qualification under applicable state securities laws or the availability of an exemption therefrom. In any case where such an exemption is relied upon by Seller from the registration requirements of the Securities Act and the registration or qualification requirements of such state securities laws, Seller shall furnish LEDCO with an opinion of counsel stating that the proposed sale or other disposition of such securities may be effected without registration under the Securities Act and will not result in any violation of any applicable state securities laws relating to the registration or qualification of securities for sale, such counsel and opinion to be satisfactory to LEDCO.  Seller acknowledges that it is able to bear the economic risks of an investment in the Common Stock for an indefinite period of time, and that its overall commitment to investments that are not readily marketable is not disproportionate to its net worth.

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Section 5.10 Informed Investment.  Seller has made such investigations in connection herewith as it deemed necessary or desirable so as to make an informed investment decision without relying upon DataSight for legal or tax advice related to this investment.  In making its decision to acquire the Common Stock, Seller has not relied upon any information other than information contained in this Agreement and in the other Offering Documents.

 

Section 5.11 Access to Information.  Seller acknowledges that it has had access to and has reviewed all documents and records relating to LEDCO and DataSight, including, but not limited to, the LEDCO SEC Documents, that it has deemed necessary in order to make an informed investment decision with respect to an investment in LEDCO.

 

Section 5.12 Reliance on Representations.  Seller understands that the shares of Common Stock are being offered and sold to Seller in reliance on specific exemptions from the registration and/or public offering requirements of the U.S. federal and state securities laws and that LEDCO and DataSight are relying in part upon the truth and accuracy of, and such Seller’s compliance with, the representations, warranties, agreements, acknowledgments and understandings of such Seller set forth herein in order to determine the availability of such exemptions and the eligibility of such Seller to acquire the Common Stock.  Seller represents and warrants to LEDCO and DataSight that any information Seller has heretofore furnished or furnishes herewith to LEDCO and DataSight is complete and accurate, and further represents and warrants that it will notify and supply corrective information to LEDCO and DataSight immediately upon the occurrence of any change therein occurring prior to DataSight’s issuance of the Common Stock.  Within five (5) days after receipt of a request from DataSight, Seller will provide such information and deliver such documents as may reasonably be necessary to comply with any and all laws and regulations to which DataSight is subject.

 

Section 5.13 No General Solicitation.  Seller is unaware of, and in deciding to participate in the transactions contemplated hereby is in no way relying upon, and did not become aware of the transactions contemplated hereby through or as a result of, any form of general solicitation or general advertising including, without limitation, any article, notice, advertisement or other communication published in any newspaper, magazine or similar media, or broadcast over television or radio or the internet, in connection with the transactions contemplated hereby.

 

Section 5.14 Legends.  Seller understands that the certificates representing the Common Stock shall have endorsed thereon the following legend, and stop transfer instructions reflecting that these restrictions on transfer will be placed with the transfer agent of the Common Stock: 

 

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933.  THEY MAY NOT BE OFFERED OR TRANSFERRED BY SALE, ASSIGNMENT, PLEDGE OR OTHERWISE UNLESS (I) A REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933 IS IN EFFECT, (II) THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL, WHICH OPINION IS SATISFACTORY TO THE COMPANY, TO THE EFFECT THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933.  HEDGING TRANSACTIONS INVOLVING THESE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT OF 1933.”

 

Section 5.15 Placement and Finder’s Fees.  No agent, broker, investment banker, finder, financial advisor or other person acting on behalf of Seller or under its authority is or will be entitled to any broker’s or finder’s fee or any other commission or similar fee, directly or indirectly, in connection with the transactions contemplated hereby, and no person is entitled to any fee or commission or like payment in respect thereof based in any way on any agreements, arrangements or understanding made by or on behalf of Seller.

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ARTICLE VI

 

CERTAIN COVENANTS

 

Section 6.1 No Shop.  Until the earlier of the Closing Date and the date of termination of this Agreement pursuant to VIII, neither LEDCO, nor DataSight, nor the Sellers, nor any of their respective representatives shall, directly or indirectly, take any of the following actions with any third party: (i) solicit, initiate, encourage, entertain or agree to any proposals or offers from any Person relating to (A) any merger, share exchange, business combination, reorganization, consolidation or similar transaction involving LEDCO or DataSight, (B) the acquisition of beneficial ownership of any equity interest in LEDCO or DataSight, whether by issuance or by purchase (through a tender offer, exchange offer, negotiated purchase or otherwise) from the Sellers or otherwise, (C) the license or transfer of all or a material portion of the assets of LEDCO or DataSight or (D) any transaction that may be inconsistent with or that may have an adverse effect upon the transactions contemplated by this Agreement (any of the transactions described in clauses (A) through (D), a “Third-Party Acquisition”); or (ii) participate in any discussions or negotiations regarding, or furnish to any person any information with respect to LEDCO or DataSight in connection with, or take any other action to solicit, consider, entertain, facilitate or encourage any Inquiries or the making of any proposal that constitutes, or may reasonably be expected to lead to, any Third-Party Acquisition.  The Parties acknowledge and agreed that money damages would not be a sufficient remedy for any breach of this Section and that any aggrieved party shall therefore be entitled to seek equitable relief, including an injunction or specific performance, as a remedy for any such breach.  Such remedies shall not be deemed to be the exclusive remedies but shall be in addition to all other remedies available at law or equity.

 

Section 6.2 Further Assurances.  Each of the parties hereto agrees to use commercially reasonable efforts before and after the Closing Date to take or cause to be taken all action, to do or cause to be done, and to assist and cooperate with the other party hereto in doing, all things necessary, proper or advisable under applicable laws to consummate and make effective, in the most expeditious manner practicable, the Exchange, including, but not limited to: (i) satisfying the conditions precedent to the obligations of any of the parties hereto; (ii) obtaining all waivers, consents and approvals from other parties necessary for the consummation of the Exchange, (iii) making all filings with, and obtain all consents, approvals and authorizations that are required to be obtained from, Governmental Authorities, (iv) defending of any lawsuits or other legal proceedings, whether judicial or administrative, challenging this Agreement or the performance of the obligations hereunder; and (v) executing and delivering such instruments, and taking such other actions, as the other party hereto may reasonably require in order to carry out the intent of this Agreement.

 

Section 6.3 Public Announcements.  LEDCO and DataSight shall consult with each other before issuing any press release or otherwise making any public statements with respect to the Exchange or this Agreement, and shall not issue any other press release or make any other public statement without prior consent of the other parties, except as may be required by law or, with respect to LEDCO, by obligations pursuant to rule or regulation of the Exchange Act, the Securities Act, any rule or regulation promulgated thereunder or any rule or regulation of FINRA.

 

Section 6.4 Notification of Certain Matters.  Each party hereto shall promptly notify the other party in writing of any events, facts or occurrences that would result in any breach of any representation or warranty or breach of any covenant by such party contained in this Agreement.

 

Section 6.5 Tax-Free Exchange Status.  The parties hereto shall take (or refrain from taking) any and all actions necessary to ensure that, for United States federal income tax purposes: (i) the Exchange shall qualify as a reorganization within the meaning of Sections 368(a)(1)(B) of the Code, and (ii) that the tax consequences to the stockholders of both companies are minimized.

 

Section 6.6 Resignation of Directors.   At the Closing, Kevin Kearney shall (i) appoint Lyle L. Probst (Chair), Kurt Whorton, Gary Rockis and Terry McGovern to the LEDCO Board of Directors, and Mr. Kearney shall remain on the LEDCO Board of Directors; (ii) appoint Mr. Probst as President, Mr. Whorton as Chief Operating Officer, Mr. Caragol as Treasurer, and Allison Tomek as Secretary of LEDCO; and (ii) shall resign as the sole officer of LEDCO.  

 

Section 6.7 DataSight Audit.  Within the applicable SEC filing requirement, DataSight shall have completed an SEC compliant audit to be included within a Form 8-K. 

 

Section 6.8 Option Plan.  Within 60 days after the Closing Date, LEDCO shall have adopted an Option Plan with the terms and number of allocated shares as determined by the LEDCO Board of Directors.  

 

Section 6.9 Ordinary Course.  Between execution of this Agreement and the Closing Date, each of LEDCO and DataSight shall continue to operate their respective companies in the ordinary course and consistent with past practices. 

8

 

 

ARTICLE VII

 

CONDITIONS TO CONSUMMATION OF THE EXCHANGE

 

Section 7.1 Conditions to Obligations of DataSight.  The obligations of DataSight and Sellers to consummate the Exchange shall be subject to the fulfillment, or written waiver by DataSight, at or prior to the Closing, of each of the following conditions:

 

(a) The representations and warranties of LEDCO set out in this Agreement shall be true and correct in all material respects at and as of the time of the Closing as though such representations and warranties were made at and as of such time;

 

(b) LEDCO shall have performed and complied in all material respects with all covenants, conditions, obligations and agreements required by this Agreement to be performed or complied with by it on or prior to the Closing Date;

 

(c) All consents, approvals, permits, authorizations and orders required to be obtained from, and all registrations, filings and notices required to be made with or given to, any Regulatory Authority or Person as provided herein shall have been obtained; and

 

(d) LEDCO shall have obtained shareholder approval of an amendment to its Certificate of Incorporation (the “Amendment”) to (i) reverse split the total number of outstanding shares of LEDCO Common Stock at a ratio of 26 to 1; and (ii) changed the name of LEDCO to “DataSight Corporation” (or such alternative name agreed upon by DataSight), and the Amendment shall have been filed with the Secretary of State of the State of Delaware.  

 

Section 7.2 Conditions to Obligations of LEDCO. The obligations of LEDCO to consummate the Exchange shall be subject to the fulfillment, or written waiver by LEDCO, at or prior to the Closing of each of the following conditions:

 

(a) The representations and warranties of DataSight set out in this Agreement shall be true and correct in all material respects at and as of the time of the Closing as though such representations and warranties were made at and as of such time;

 

(b) DataSight shall have performed and complied in all material respects with all covenants, conditions, obligations and agreements required by this Agreement to be performed or complied with by DataSight on or prior to the Closing Date;

 

(c) All consents, approvals, permits, authorizations and orders required to be obtained from, and all registrations, filings and notices required to be made with or given to, any Regulatory Authority or Person as provided herein shall have been obtained; 

 

(d) Sellers owning at least ninety percent (90%) of the issued and outstanding DataSight Shares and DataSight Options shall have executed this Agreement; 

 

(e) LEDCO shall have obtained shareholder approval of an amendment to its Certificate of Incorporation (the “Amendment”) to (i) reverse split the total number of outstanding shares of LEDCO Common Stock at a ratio of 26 to 1; and (ii) changed the name of LEDCO to “DataSight Corporation” (or such alternative name agreed upon by DataSight), and the Amendment shall have been filed with the Secretary of State of the State of Delaware; and

 

(f) DataSight shall have entered into employment agreements with its CEO, COO, Vice President of Technology, and Vice President of Project Delivery.   

 

(g) LEDCO shall have provided to DataSight satisfactory documentation demonstrating that the $82,129 of shareholder advances recorded on LEDCO’s financial statements has been validly converted into paid in capital and are no longer a liability of LEDCO.  

 

(h) LEDCO shall have filed with the SEC its Form 10-Q for the six month ended June 30, 2018.

 

(i) LEDCO shall have filed all required tax returns with the IRS and the State of California.  

9

 

 

ARTICLE VIII

 

TERMINATION

 

Section 8.1 Termination. This Agreement may be terminated at any time prior to the Closing:

 

(a) by mutual consent of LEDCO and DataSight;

 

(b) by DataSight, upon written notice to LEDCO, if the Closing shall not have occurred on or before September 30, 2018 or if any of the conditions to the Closing set forth in Section 7.1 shall have become incapable of fulfillment by September 30, 2018 and shall not have been waived in writing by DataSight; provided, however, that the right to terminate this Agreement under this Section 8.1(b) shall not be available to DataSight if its action or failure to act has been a principal cause of or resulted in the failure of the Exchange to occur on or before such date and such action or failure to act constitutes a breach of this Agreement; 

 

(c) by LEDCO, upon written notice to DataSight, if the Closing shall not have occurred on or before September 30, 2018 or if any of the conditions to the Closing set forth in Section 7.2 shall have become incapable of fulfillment by September 30, 2018 and shall not have been waived in writing by LEDCO; provided, however, that the right to terminate this Agreement under this Section 8.1(c) shall not be available to LEDCO if its action or failure to act has been a principal cause of or resulted in the failure of the Exchange to occur on or before such date and such action or failure to act constitutes a breach of this Agreement; or

 

(d) by LEDCO or DataSight if any Governmental or judicial Authority shall have issued an injunction, order, decree or ruling or taken any other action restraining, enjoining or otherwise prohibiting any material portion of the Exchange and such injunction, order, decree, ruling or other action shall have become final and non-appealable;

 

Section 8.2 Procedure and Effect of Termination. In the event of termination of this Agreement pursuant to Section 8.1 hereof, written notice thereof shall forthwith be given by the terminating party to the other party, and, except as set forth below, this Agreement shall terminate and be void and have no effect and the Exchange shall be abandoned without any further action by the parties hereto.  Neither LEDCO nor DataSight shall have any liability to the other for any termination under this Article VIII.  If this Agreement is terminated as provided herein:

 

(a) each party hereto shall redeliver, and shall cause its agents (including, without limitation, attorneys and accountants) to redeliver, all documents, work papers and other material of each party hereto relating to the Exchange, whether obtained before or after the execution hereof; and

 

(b) each party agrees that all Confidential Information received by LEDCO or DataSight with respect to the other party, this Agreement or the Exchange shall be kept confidential notwithstanding the termination of this Agreement.

 

ARTICLE IX

 

MISCELLANEOUS

 

Section 9.1 Entire Agreement.  This Agreement and the Schedules and Exhibits hereto contain the entire agreement between the parties and supersede all prior agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof.  

 

Section 9.2 Amendment and Modifications.  This Agreement may not be amended, modified or supplemented except by an instrument or instruments in writing signed by the party against whom enforcement of any such amendment, modification or supplement is sought.

 

Section 9.3 Extensions and Waivers.  At any time prior to the Closing, the parties hereto entitled to the benefits of a term or provision may (a) extend the time for the performance of any of the obligations or other acts of the parties hereto, (b) waive any inaccuracies in the representations and warranties contained herein or in any document, certificate or writing delivered pursuant hereto, or (c) waive compliance with any obligation, covenant, agreement or condition contained herein.  Any agreement on the part of a party to any such extension or waiver shall be valid only if set forth in an instrument or instruments in writing signed by the party against whom enforcement of any such extension or waiver is sought.  No failure or delay on the part of any party hereto in the exercise of any right hereunder shall impair such right or be construed to be a waiver of, or acquiescence in, any breach of any representation, warranty, covenant or agreement.

10

 

 

Section 9.4 Successors and Assigns.  This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, provided, however, that no party hereto may assign its rights or delegate its obligations under this Agreement without the express prior written consent of the other party hereto.  

 

Section 9.5 Headings; Definitions.  The Section and Article headings contained in this Agreement are inserted for convenience of reference only and will not affect the meaning or interpretation of this Agreement.  All references to Sections or Articles contained herein mean Sections or Articles of this Agreement unless otherwise stated.  All capitalized terms defined herein are equally applicable to both the singular and plural forms of such terms.

 

Section 9.6 Specific Performance.  The parties hereto agree that in the event that any party fails to consummate the Exchange in accordance with the terms of this Agreement, irreparable damage would occur, no adequate remedy at law would exist and damages would be difficult to determine.  It is accordingly agreed that the parties shall be entitled to specific performance in such event, without the necessity of proving the inadequacy of money damages as a remedy, in addition to any other remedy at law or in equity.

 

Section 9.7 Notices.  All notices hereunder shall be sufficiently given for all purposes hereunder if in writing and delivered personally, sent by documented overnight delivery service or, to the extent receipt is confirmed, telecopy, telefax, email or other electronic transmission service to the appropriate address or number as set forth below (or any other address duly notified by a party hereto pursuant to the provisions of this Section 9.7).

 

	If to LEDCO:

	with a copy to:

	LED Lighting Company 

	SD Law Group APC

	405 East D Street, Suite G

	10531 4S Commons Drive, B464

	Petaluma, California 94952

	San Diego, California 92027

	Attn:  Kevin Kearney

	 

	Phone:  (415)819-1157

	Phone:(619) 788-2383 

	Fax:  [•]

	Fax:(858) 367-8138 

	Email: kevin@kearneyobanion.com

	Email:steve@sjdavislaw.com 

	 

	 

	If to DataSight or a Seller:

	with a copy to:

	DataSight, Inc. 

	 

	2451 South Buffalo Drive, Suite 105

	 

	Las Vegas, NV 89117

	 

	Attn:  

	 

	Phone:

	 

	Fax:

	 

	Email: 

	 

 

Section 9.8 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to the laws that might otherwise govern under applicable principles of conflicts of laws thereof.

 

Section 9.9 Consent to Jurisdiction. Any action, suit or other legal proceeding which is commenced to resolve any matter arising under or relating to any provision of this Agreement shall be commenced only in a state or federal court of competent jurisdiction the State of Nevada, Clark County, and the parties hereto each consents to the jurisdiction of such a court.  

 

Section 9.10 Counterparts. This Agreement may be executed in two or more counterparts and may be delivered by facsimile or electronic/PDF transmission, each of which shall be deemed to be an original, but all of which together shall constitute one and the same agreement.

 

Section 9.11 Certain Definitions. As used herein:

 

(a) “Confidential Information” shall mean the existence and contents of this Agreement and the Schedules and Exhibits hereto, and all proprietary technical, economic, environmental, operational, financial and/or business information or material of one party which, prior to or following the Closing Date, has been disclosed by DataSight, on the one hand, or LEDCO, on the other hand, in written, oral (including by recording), electronic, or visual form to, or otherwise has come into the possession of, the other;

 

(b) “Contract” shall mean any oral, written or implied contracts, agreements, licenses, instruments, indentures leases, powers of attorney, guaranties, surety arrangements or other commitments of any kind; 

11

 

 

(c) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder;

 

(d) “Governmental Authority” shall mean any nation or government, any state, municipality or other political subdivision thereof and any entity, body, agency, commission or court, whether domestic, foreign or multinational, exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government and any executive official thereof;

 

(e) “Lien” shall mean any security or other property interest or right, claim, lien, pledge, option, charge, security interest, contingent or conditional sale, or proxy, pre-emptive rights, first refusal rights, participation rights, or other title claim or retention agreement, interest or other right or claim of third parties, whether perfected or not perfected, voluntarily incurred or arising by operation of law, and including any agreement (other than this Agreement) to grant or submit to any of the foregoing in the future;

 

(f) “Material Adverse Effect” shall mean any adverse effect on the business, condition (financial or otherwise) or results of operation of the applicable entity;

 

(g) “Material Contract” shall mean any Contract where the liabilities or commitments associated therewith exceed $5,000 individually or $20,000 in the aggregate; 

 

(h) “Person” shall mean any individual, corporation, partnership, association, trust or other entity or organization, including a governmental or political subdivision or any agency or institution thereof; 

 

(i) “SEC” shall mean the Securities and Exchange Commission;

 

(j) “Securities Act” shall mean the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder; and

 

IN WITNESS WHEREOF, each of the parties have caused this Agreement to be signed by their respective officers hereunto duly authorized, all as of the date first written above.

 

	LED LIGHTING COMPANY 

	DATASIGHT, INC.

	 

	 

	By:__________________________________ 

	By:_________________________________ 

	Name: Kevin Kearney 

	Name: Lyle L. Probst 

	Title: Chief Executive Officer

	Title: President 

	 

	 

12EX-4.1

 Exhibit 4.1 

EXECUTION VERSION 
  

 
  

AERCAP IRELAND CAPITAL DAC 

formerly known as AerCap Ireland Capital Limited 

as Irish Issuer, 
 AERCAP GLOBAL
AVIATION TRUST 
 as U.S. Issuer, 

and 
 AERCAP HOLDINGS N.V. 

as Holdings 
  

 
 SEVENTEENTH
SUPPLEMENTAL INDENTURE 
 Dated as of August 21, 2018 

to 
 INDENTURE 

Dated as of May 14, 2014 
  

 
 THE GUARANTORS
PARTY HERETO 
 and 
 WILMINGTON
TRUST, NATIONAL ASSOCIATION 
 as Trustee 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 ARTICLE I DEFINITIONS
	  	 	2	 
			
	 SECTION 1.01
	  	 Definitions
	  	 	2	 
			
	 SECTION 1.02
	  	 Other Definitions
	  	 	5	 
		
	 ARTICLE II DESIGNATION AND TERMS OF THE NOTES
	  	 	5	 
			
	 SECTION 2.01
	  	 Title and Aggregate Principal Amount
	  	 	5	 
			
	 SECTION 2.02
	  	 Execution
	  	 	5	 
			
	 SECTION 2.03
	  	 Other Terms and Form of the Notes
	  	 	5	 
			
	 SECTION 2.04
	  	 Further Issues
	  	 	7	 
			
	 SECTION 2.05
	  	 Interest and Principal
	  	 	7	 
			
	 SECTION 2.06
	  	 Place of Payment
	  	 	7	 
			
	 SECTION 2.07
	  	 Form and Dating
	  	 	7	 
			
	 SECTION 2.08
	  	 [Reserved]
	  	 	8	 
			
	 SECTION 2.09
	  	 Depositary; Registrar
	  	 	8	 
			
	 SECTION 2.10
	  	 Optional Redemption
	  	 	8	 
			
	 SECTION 2.11
	  	 Redemption for Changes in Withholding Taxes
	  	 	8	 
		
	 ARTICLE III TRANSFER AND EXCHANGE
	  	 	9	 
			
	 SECTION 3.01
	  	 Transfer and Exchange of Global Notes
	  	 	9	 
			
	 SECTION 3.02
	  	 Transfer and Exchange of Beneficial Interests in the Global Notes
	  	 	10	 
			
	 SECTION 3.03
	  	 Transfer or Exchange of Beneficial Interests in Global Notes for Definitive Notes
	  	 	11	 
			
	 SECTION 3.04
	  	 Transfer and Exchange of Definitive Notes for Beneficial Interests in Global Notes
	  	 	11	 
			
	 SECTION 3.05
	  	 Transfer and Exchange of Definitive Notes for Definitive Notes
	  	 	11	 
			
	 SECTION 3.06
	  	 [Reserved]
	  	 	12	 

  
 -i- 

							
	 SECTION 3.07
	  	 Legend
	  	 	12	 
			
	 SECTION 3.08
	  	 Cancellation and/or Adjustment of Global Notes
	  	 	12	 
			
	 SECTION 3.09
	  	 General Provisions Relating to Transfers and Exchanges.
	  	 	13	 
		
	 ARTICLE IV LEGAL DEFEASANCE, COVENANT DEFEASANCE AND SATISFACTION AND
DISCHARGE
	  	 	14	 
			
	 SECTION 4.01
	  	 Legal Defeasance, Covenant Defeasance and Satisfaction and Discharge
	  	 	14	 
		
	 ARTICLE V COVENANTS
	  	 	14	 
			
	 SECTION 5.01
	  	 Repurchase upon a Change of Control Triggering Event
	  	 	14	 
		
	 ARTICLE VI MISCELLANEOUS
	  	 	16	 
			
	 SECTION 6.01
	  	 Ratification of Original Indenture; Supplemental Indenture Part of Original Indenture
	  	 	16	 
			
	 SECTION 6.02
	  	 Concerning the Trustee
	  	 	17	 
			
	 SECTION 6.03
	  	 Multiple Originals; Electronic Signatures
	  	 	17	 
			
	 SECTION 6.04
	  	 GOVERNING LAW
	  	 	17	 

 Exhibit A    Form of 4.450% Senior Note Due 2025 

  
 -ii- 

 SEVENTEENTH SUPPLEMENTAL INDENTURE, dated as of August 21, 2018 (this
“Seventeenth Supplemental Indenture”), to the Indenture, dated as of May 14, 2014, as amended and supplemented by the fifth supplemental indenture, dated as of September 29, 2014, and the tenth supplemental indenture,
dated as of January 26, 2017 (as so amended and supplemented, the “Original Indenture”), among AERCAP IRELAND CAPITAL DAC (formerly known as AerCap Ireland Capital Limited), a designated activity company with limited liability
incorporated under the laws of Ireland (the “Irish Issuer”), AERCAP GLOBAL AVIATION TRUST, a statutory trust organized under the laws of Delaware (the “U.S. Issuer” and, together with the Irish Issuer, the
“Issuers,” and each, an “Issuer”), AERCAP HOLDINGS N.V., a public limited liability company organized under the laws of the Netherlands (“Holdings”), each of the subsidiary guarantors party hereto
or that becomes a guarantor pursuant to the terms of the Original Indenture (the “Subsidiary Guarantors” and, together with Holdings, the “Guarantors”) and WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking
association organized under the laws of the United States, as trustee (the “Trustee”). 
 WHEREAS, the Issuers, the
Guarantors and the Trustee have heretofore executed and delivered the Original Indenture to provide for the issuance from time to time of Notes (as defined in the Original Indenture) of the Issuers, to be issued in one or more Series; 

WHEREAS, the Original Indenture provides, among other things, that the Issuers and the Trustee may enter into indentures supplemental to the
Original Indenture for, among other things, the purpose of establishing the form and terms of Notes (as defined in the Original Indenture) of any Series pursuant to the Original Indenture; 

WHEREAS, the Issuers (i) desire the issuance of a Series of Notes (as defined in the Original Indenture) to be designated as hereinafter
provided and (ii) have requested the Trustee to enter into this Seventeenth Supplemental Indenture for the purpose of establishing the form and terms of the Notes (as defined in the Original Indenture) of such Series; 

WHEREAS, the Issuers have duly authorized the creation of an issue of their 4.450% Senior Notes Due 2025 (the “Notes”), which
expression includes any further such Notes issued pursuant to Section 2.04 hereof; and 
 WHEREAS, all action on the part of the
Issuers necessary to authorize the issuance of the Notes under the Original Indenture and this Seventeenth Supplemental Indenture (the Original Indenture, as supplemented by this Seventeenth Supplemental Indenture, being hereinafter called the
“Indenture”) has been duly taken; 

 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 

That, in order to establish the form and terms of the Notes and in consideration of the acceptance of the Notes by the Holders thereof and of
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

ARTICLE I 
 DEFINITIONS 

SECTION 1.01    Definitions. 

(a)    Capitalized terms used herein and not otherwise defined herein shall have the respective meanings ascribed thereto
in the Original Indenture. 
 (b)    The rules of interpretation set forth in the Original Indenture shall be applied
hereto as if set forth in full herein. 
 (c)    For all purposes of this Seventeenth Supplemental Indenture, except as
otherwise expressly provided or unless the context otherwise requires, the following terms shall have the following meanings: 

“Applicable Procedures” means, with respect to any transfer or exchange of or for beneficial interests in any Global Note,
the rules and procedures of DTC that apply to such transfer or exchange. 
 “Below Investment Grade Rating Event” means,
with respect to the Notes, that at any time within a 60 day period (which period shall be extended so long as the rating of the Notes is under publicly announced consideration for a possible downgrade by any of the Rating Organizations) from the
Rating Date, the rating on the Notes is lowered, and the Notes are rated below an Investment Grade Rating, by two Rating Organizations, if the Notes are rated by all three Rating Organizations, or both Rating Organizations, if the Notes are only
rated by two Rating Organizations; provided that a Below Investment Grade Rating Event otherwise arising by virtue of a particular reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus
shall not be deemed a Below Investment Grade Rating Event for purposes of the definition of Change of Control Triggering Event) if the Rating Organizations making the reduction in rating to which this definition would otherwise apply do not announce
or publicly confirm or inform the Trustee in writing that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether or not the
applicable Change of Control shall have occurred at the time of the Below Investment Grade Rating Event). 
 “Change of
Control” means: 
 (1)    any “person” or “group” (as such terms are used in Sections 13(d)
and 14(d) of the Exchange Act), other than one or more Permitted Holders, is or becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Exchange
Act), directly or indirectly, of shares representing more than 50% of the voting power of Holdings’ Voting Stock; 

(2)    Holdings ceases to own, directly or indirectly, 100% of the issued and outstanding Voting Stock of either Issuer,
other than director’s qualifying shares and other shares required to be issued by law; 

  
 2 

 (3)     (a) all or substantially all of the assets of Holdings and the
Restricted Subsidiaries, taken as a whole, are sold or otherwise transferred to any Person other than a Wholly-Owned Restricted Subsidiary or one or more Permitted Holders or (b) Holdings consolidates, amalgamates or merges with or into another
Person or any Person consolidates, amalgamates or merges with or into Holdings, in either case, in one transaction or a series of related transactions in which immediately after the consummation thereof Persons beneficially owning (as defined in
Rules 13d-3 and 13d-5 under the Exchange Act) Voting Stock representing in the aggregate a majority of the total voting power of the Voting Stock of Holdings immediately
prior to such consummation do not beneficially own (as defined in Rules 13d-3 and 13d-5 under the Exchange Act) Voting Stock representing a majority of the total voting
power of the Voting Stock of Holdings or the applicable surviving or transferee Person (or applicable parent thereof); provided that this clause (3) shall not apply (i) in the case where immediately after the consummation of the
transactions Permitted Holders beneficially own Voting Stock representing in the aggregate a majority of the total voting power of Holdings or the applicable surviving or transferee Person (or applicable parent thereof) or (ii) to a
consolidation, amalgamation or merger of Holdings with or into a (x) Person or (y) Wholly-Owned Subsidiary of a Person that, in either case, immediately following the transaction or series of transactions, has no Person or group (other
than Permitted Holders) that beneficially owns Voting Stock representing 50% or more of the voting power of the total outstanding Voting Stock of such Person and, in the case of clause (y), the parent of such Wholly-Owned Subsidiary guarantees
Holdings’ obligations under the Notes and this Indenture; or 
 (4)    Holdings shall adopt a plan of liquidation
or dissolution or any such plan shall be approved by the shareholders of Holdings. 
 “Change of Control Triggering Event”
means the occurrence of both a (1) Change of Control and (2) Below Investment Grade Rating Event. 
 “Consolidated
Tangible Assets” means total assets (less depreciation and valuation reserves and other reserves and items deductible from the gross book value of specific asset amounts under GAAP) that, under GAAP, would be included on a consolidated
balance sheet of Holdings and its Restricted Subsidiaries, less all assets shown on such consolidated balance sheet that are classified and accounted for as intangible assets of Holdings or any of its Restricted Subsidiaries or that otherwise would
be considered intangible assets under GAAP, including, without limitation, franchises, trademarks, unamortized debt discount and goodwill. 

“Definitive Note” means a certificated Note registered in the name of the Holder thereof and issued in accordance with
Article III hereof substantially in the form of Exhibit A hereto, except that such Note shall not bear the Global Note Legend and shall not have the “Schedule of Exchanges of Interests in the Global Note” attached thereto. 

“Global Note Legend” means the legend set forth in Section 3.07, which is required to be placed on all Global Notes
issued hereunder. 
 “Global Notes” means, individually and collectively, Global Notes deposited with or on behalf of and
registered in the name of the Depositary or its nominee, substantially in the form of Exhibit A and that bears the Global Note Legend and that has the “Schedule of Exchanges of Interests in the Global Note” attached thereto, issued in
accordance with Section 2.14 of the Original Indenture and Section 2.07 hereof. 

  
 3 

 “Indirect Participant” means a Person who holds a beneficial interest in a
Global Note through a Participant. 
 “Investment Grade Rating” means a rating of
BBB- or higher by Fitch (or its equivalent under any successor rating category of Fitch), a rating of Baa3 or higher by Moody’s (or its equivalent under any successor rating category of Moody’s) and
a rating of BBB- or higher by S&P (or its equivalent under any successor rating category of S&P). 

“Management Group” means at any time, the Chairman of the board of directors, the Chief Executive Officer, the President, any
Managing Director, Executive Vice President, Senior Vice President or Vice President, any Treasurer and any Secretary of Holdings or other executive officer of Holdings or any Subsidiary of Holdings at such time. 

“Par Call Date” means August 1, 2025. 

“Participant” means, with respect to the Depositary, a Person who has an account with the Depositary. 

“Permitted Holders” means Waha Capital and its Affiliates and the Management Group. Any Person or group whose acquisition of
beneficial ownership constitutes a Change of Control in respect of which a Change of Control Offer is made in accordance with the requirements of this Indenture will thereafter, together with its Affiliates, constitute an additional Permitted
Holder. 
 “Rating Date” means the date that is the day prior to the initial public announcement by Holdings or the
proposed acquirer that (i) the proposed acquirer has entered into one or more binding agreements with Holdings or shareholders of Holdings that would give rise to a Change of Control or (ii) the proposed acquirer has commenced an offer to
acquire outstanding Voting Stock of Holdings. 
 “S&P” means Standard & Poor’s Ratings Services, or any
successor rating agency. 
 “Treasury Rate” means, as of any redemption date, the rate per annum equal to the yield to
maturity as of such redemption date of United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 that has become publicly available at least two Business Days
prior to the redemption date (or, if such Statistical Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from the redemption date to the Par Call Date, as determined by the Issuers;
provided, however, that if the period from the redemption date to the Par Call Date is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year will
be used. 
 “Wholly-Owned Restricted Subsidiary” means any Wholly-Owned Subsidiary that is a Restricted Subsidiary. 

  
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 “Wholly-Owned Subsidiary” of any Person means a Subsidiary of such Person,
100% of the outstanding Capital Stock or other ownership interests of which (other than directors’ qualifying shares) shall at the time be owned by such Person or by one or more Wholly-Owned Subsidiaries of such Person. 

SECTION 1.02    Other Definitions. 
  

					
	Term	  	Defined in Section	 
	 “Change of Control Offer”
	  	 	5.01	(a) 
	 “Change of Control Payment”
	  	 	5.01	(a) 
	 “Change of Control Payment Date”
	  	 	5.01	(b)(ii) 
	 “Interest Payment Date”
	  	 	2.05	 
	 “Record Date”
	  	 	2.05	 

 ARTICLE II 

DESIGNATION AND TERMS OF THE NOTES 

SECTION 2.01    Title and Aggregate Principal Amount. There is hereby created one Series of Notes designated:
4.450% Senior Notes Due 2025 in an initial aggregate principal amount of $600,000,000. 
 SECTION
2.02    Execution. The Notes may forthwith be executed by the Issuers and delivered to the Trustee for authentication and delivery by the Trustee in accordance with the provisions of Section 2.04 of the Original
Indenture. 
 SECTION 2.03    Other Terms and Form of the Notes. The Notes shall have and be subject to such
other terms as provided in the Original Indenture and this Seventeenth Supplemental Indenture and shall be evidenced by one or more Global Notes in the form of Exhibit A hereof and as set forth in Section 2.07 hereof; provided that
notwithstanding anything in the Original Indenture to the contrary, for purposes of this Seventeenth Supplemental Indenture and this series of 4.450% Senior Notes Due 2025: 

(a)    Clause (b) of the definition of “Permitted Liens” in Section 1.01 of the Original Indenture,
entitled “Definitions”, is hereby modified and replaced in its entirety as set forth below: 
 “Liens to secure the payment of
all or part of the purchase price of property (other than property acquired for lease to a Person other than Holdings or a Restricted Subsidiary) upon the acquisition of such property by Holdings or a Restricted Subsidiary or to secure any
indebtedness for borrowed money incurred or guaranteed by Holdings or a Restricted Subsidiary prior to, at the time of or within 180 days after the latest of the acquisition, completion of construction or commencement of full operation of such
property, which indebtedness for borrowed money is incurred or guaranteed for the purpose of financing all or any part of the purchase price thereof or construction or improvements thereon; 

  
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provided, however, that in the case of any such acquisition, construction or improvement, the Liens shall not apply to any property theretofore owned by Holdings or a Restricted
Subsidiary, other than, in the case of any such construction or improvement, any theretofore unimproved real property on which the property so constructed, or the improvement, is located;”. 

(b)    Section 4.07 of the Original Indenture, entitled “Restrictions as to Dividends and Certain Other
Payments”, is hereby deleted in its entirety and replaced with “[Reserved]” in lieu thereof. 

(c)    Section 4.08(b) of the Original Indenture, entitled “Restrictions on Liens”, is hereby modified and
replaced in its entirety as set forth below: 
 “Notwithstanding the restrictions described in Section 4.08(a), Holdings and any
one or more Restricted Subsidiaries may issue, assume or guarantee indebtedness for borrowed money secured by Liens that would otherwise be subject to the restrictions set forth in Section 4.08(a) in an aggregate amount that, together with all
the other outstanding indebtedness for borrowed money of Holdings and its Restricted Subsidiaries secured by Liens (other than Permitted Liens), does not at the time of the issuance, assumption or guarantee thereof, exceed 20% of the Consolidated
Tangible Assets of Holdings as shown on, or derived from, Holdings’ most recent quarterly or annual consolidated balance sheet.”. 

(d)    Clause (5) of Section 4.09(b) of the Original Indenture, entitled “Additional Amounts”, is
hereby modified and replaced in its entirety as set forth below: 
 “any Taxes that are required to be deducted or withheld on a payment
that are required to be made pursuant to Council Directive 2014/107/EU or Council Directive 2014/48/EU or any law implementing or complying with, or introduced in order to conform to such Directives; or”. 

(e)    Section 4.12 of the Original Indenture, entitled “Restrictions on Investments in Unrestricted
Subsidiaries”, is hereby deleted in its entirety and replaced with “[Reserved]” in lieu thereof. 

(f)    Section 6.01(4) of the Original Indenture is hereby modified and replaced in its entirety as set forth below: 

“default under any mortgage, indenture (including this Indenture governing the Notes) or instrument under which there is issued, or which
secures or evidences, any indebtedness for borrowed money of Holdings or any Restricted Subsidiary existing on, or created after, the date of this Indenture, which default shall constitute a failure to pay principal of such indebtedness in an amount
exceeding $200,000,000 when due and payable (other than as a result of acceleration), after expiration of any applicable grace period with respect thereto, or shall have resulted in an aggregate principal amount of such indebtedness exceeding
$200,000,000 becoming or being declared due and payable prior to the date on which it would otherwise have become due and payable, without such 

  
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indebtedness having been discharged or such acceleration having been rescinded or annulled within a period of 30 days after there has been given a notice to Holdings by the Trustee, or to
Holdings and the Trustee by the Holders of at least 25% in principal amount of the Notes of such Series at the time Outstanding;”. 

SECTION 2.04    Further Issues. The Issuers may, from time to time, without the consent of the Holders of the Notes
and in accordance with the Original Indenture and this Seventeenth Supplemental Indenture, create and issue further notes in an unlimited principal amount having the same terms and conditions as the Notes in all respects (or in all respects except
for the issue date and the amount and the date of the first payment of interest) so as to form a single Series with the Notes. The Notes and any such further notes shall be treated as a single class for all purposes under this Indenture; provided
that if any such further notes are not fungible with the Notes for U.S. Federal income tax purposes, such further notes will have a separate CUSIP, ISIN or other identifying number, if applicable. Unless the context otherwise requires, all
references to the Notes shall include any such further notes. 
 SECTION 2.05    Interest and Principal. The
Notes will mature on October 1, 2025 and will bear interest at the rate of 4.450% per annum. The Issuers will pay interest on the Notes on each April 1 and October 1 (each an “Interest Payment Date”), beginning on
April 1, 2019, to the Holders of record on the immediately preceding March 15 or September 15 (each a “Record Date”), respectively. Interest on the Notes shall accrue from the most recent date to which interest has
been paid or, if no interest has been paid, from and including the date of issuance. Payments of the principal of and interest on the Notes shall be made in Dollars, and the Notes shall be denominated in Dollars. 

SECTION 2.06    Place of Payment. The place of payment where the Notes issued in the form of Definitive Notes may
be presented or surrendered for payment, where the principal of and interest and any other payments due on the Notes issued in the form of Definitive Notes are payable and where the Notes may be surrendered for registration of transfer or exchange
shall be the office or agency of the Issuers maintained for that purpose pursuant to Section 2.05 of the Original Indenture, and the office or agency maintained by the Issuers for such purpose shall initially be the Corporate Trust Office of
the Trustee. All payments on Notes issued in the form of Global Notes shall be made by wire transfer of immediately available funds to the Depositary and, at the option of the Issuers, payment of interest on the Notes issued in the form of
Definitive Notes may be made by check mailed to registered Holders. 
 SECTION 2.07    Form and Dating. 

(a)    General. The Notes will be substantially in the form of Exhibit A hereto. The terms and provisions contained
in the Notes will constitute, and are hereby expressly made, a part of this Seventeenth Supplemental Indenture and the Issuers and the Trustee, by their execution and delivery of this Seventeenth Supplemental Indenture, expressly agree to such terms
and provisions and to be bound thereby. However, to the extent any provision of any Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. 

  
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 (b)    Global Notes. Notes issued in global form will be
substantially in the form of Exhibit A attached hereto (including the Global Note Legend thereon and the “Schedule of Exchanges of Interests in the Global Note” attached thereto). Notes issued in definitive form will be substantially in
the form of Exhibit A attached hereto (but without the Global Note Legend thereon and without the “Schedule of Exchanges of Interests in the Global Note” attached thereto). Each Global Note will represent such of the outstanding principal
amount of the Notes as will be specified therein and each shall provide that it represents the aggregate principal amount of outstanding Notes from time to time endorsed thereon and that the aggregate principal amount of outstanding Notes
represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges and redemptions. Any endorsement of a Global Note to reflect the amount of any increase or decrease in the aggregate principal amount of
outstanding Notes represented thereby will be made by the Trustee or the Custodian, at the direction of the Trustee, in accordance with instructions given by the Holder thereof as required by Article III hereof. 

SECTION 2.08    [Reserved]. 

SECTION 2.09    Depositary; Registrar. The Issuers initially appoint DTC to act as Depositary with respect to the
Global Notes. The Issuers initially appoint the Trustee to act as the Registrar and the Paying Agent with respect to the Notes. 
 SECTION
2.10    Optional Redemption. 
 (a)    Prior to the Par Call Date, the Issuers may redeem all
or part of the Notes, after having sent a notice of redemption as described in Section 3.03 of the Original Indenture (except that, for the purposes of the Notes issued under this Seventeenth Supplemental Indenture, such notice shall be
required to be sent upon not less than 15 nor more than 45 days’ notice, rather than upon not less than 30 days nor more than 60 days’ notice), at a redemption price equal to the greater of (i) 100% of the principal amount of Notes and
(ii) the sum of the present value at such redemption date of all remaining scheduled payments of principal and interest on such Note through the Par Call Date (excluding accrued but unpaid interest to the redemption date), discounted to the
date of redemption using a discount rate equal to the Treasury Rate plus 25 basis points, plus accrued and unpaid interest, if any, to, but not including, the redemption date, subject to the right of holders of record on the relevant Record Date to
receive interest due on the relevant Interest Payment Date. 
 (b)    On or after the Par Call Date, the Notes may be
redeemed at the Issuers’ option, at any time in whole or from time to time in part, at a redemption price equal to 100% of the principal amount of the Notes being redeemed, plus accrued and unpaid interest, if any, to, but not including, the
redemption date, subject to the right of holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date. 

SECTION 2.11    Redemption for Changes in Withholding Taxes. 

(a)    The Issuers are entitled to redeem the Notes, at the option of the Issuers, at any time in whole but not in part,
upon not less than 15 nor more than 45 days’ notice (which notice shall be irrevocable) to the Holders (with a copy to the Trustee) mailed by first-class mail 

  
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to each Holder’s registered address (or delivered electronically if held by DTC), at 100% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but not including,
the date of redemption (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date) and Additional Amounts, if any, in the event the Issuers have become or would become
obligated to pay, on the next date on which any amount would be payable with respect to the Notes, any Additional Amounts as a result of: 

(i)    a change in or an amendment to the laws (including any regulations, rulings or protocols promulgated
and treaties enacted thereunder) of any Relevant Taxing Jurisdiction affecting taxation; or 

(ii)    any change in or amendment to, or the introduction of, any official position regarding the
application, administration or interpretation of such laws, regulations, rulings, protocols or treaties (including a holding, judgment or order by a court of competent jurisdiction), 

which change or amendment is announced or becomes effective on or after the date on which the Notes are issued (or, in the case of a jurisdiction that becomes
a Relevant Taxing Jurisdiction after such date, on or after such later date), and where the Issuers cannot avoid such obligation by taking reasonable measures available to the Issuers. Notwithstanding the foregoing, no such notice of redemption will
be given (x) earlier than 90 days prior to the earliest date on which the Issuers would be obliged to make such payment of Additional Amounts and (y) unless at the time such notice is given, such obligation to pay such Additional Amounts
remains in effect. 
 (b)    Before the Issuers publish or mail or deliver notice of redemption of the Notes as
described above, the Issuers will deliver to the Trustee an Officers’ Certificate stating that the Issuers cannot avoid their obligation to pay Additional Amounts by taking reasonable measures available to them and that all conditions precedent
to the redemption have been complied with. The Issuers will also deliver to the Trustee an Opinion of Counsel from outside counsel stating that the Issuers would be obligated to pay Additional Amounts as a result of a change or amendment described
above and that all conditions precedent to the redemption have been complied with. 
 (c)    This Section will apply
mutatis mutandis to any jurisdiction in which any successor Person to an Issuer is incorporated or organized or any political subdivision or taxing authority or agency thereof or therein. 

ARTICLE III 
 TRANSFER AND
EXCHANGE 
 SECTION 3.01    Transfer and Exchange of Global Notes. A Global Note may not be transferred as a
whole except by the Depositary to a nominee of the Depositary, by a nominee of the Depositary to the Depositary or to another nominee of the Depositary, or by the Depositary or any such nominee to a successor Depositary or a nominee of such
successor 

  
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Depositary. All Global Notes shall be exchangeable pursuant to Section 2.08 of the Original Indenture for Definitive Notes if: 

(a)    the Issuers deliver to the Trustee notice from the Depositary that it is unwilling or unable to continue to act as
Depositary or that it is no longer a clearing agency registered under the Exchange Act and, in either case, a successor Depositary is not appointed by the Issuers within 90 days after the date of such notice from the Depositary; 

(b)    the Issuers in their sole discretion determine that the Global Notes (in whole but not in part) should be exchanged
for Definitive Notes and deliver a written notice to such effect to the Trustee; or 
 (c)    an Event of Default with
respect to the Notes represented by such Global Note shall have occurred and be continuing and the Holders of a majority in principal amount of the Notes have requested the Issuers to issue Definitive Notes. 

Upon the occurrence of any of the preceding events in clause (a), (b) or (c) above, Definitive Notes shall be issued in such names as the
Depositary shall instruct the Issuers and the Trustee. Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 2.09 and 2.11 of the Original Indenture. A Global Note may not be exchanged for a Definitive Note
other than as provided in this Section 3.01; however, beneficial interests in a Global Note may be transferred and exchanged as provided in Section 3.02 or 3.03 hereof. 

SECTION 3.02    Transfer and Exchange of Beneficial Interests in the Global Notes. The transfer and exchange of
beneficial interests in the Global Notes will be effected through the Depositary, in accordance with the provisions of this Seventeenth Supplemental Indenture and the Applicable Procedures. The transferor of such beneficial interest must deliver to
the Registrar either: 
 (a)    both: 

(A)    a written order from a Participant or an Indirect Participant given to the Depositary in accordance
with the Applicable Procedures directing the Depositary to credit or cause to be credited a beneficial interest in another Global Note in an amount equal to the beneficial interest to be transferred or exchanged; and 

(B)    instructions given in accordance with the Applicable Procedures containing information regarding the
Participant account to be credited with such increase; or 
 (b)    both: 

(A)    a written order from a Participant or an Indirect Participant given to the Depositary in accordance
with the Applicable Procedures directing the Depositary to cause to be issued a Definitive Note in an amount equal to the beneficial interest to be transferred or exchanged; and 

(B)    instructions given by the Depositary to the Registrar containing information regarding the Person in
whose name such Definitive Note shall be registered to effect the transfer or exchange referred to in subclause (A) of this clause (b). 

  
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 Upon satisfaction of all of the requirements for transfer or exchange of beneficial
interests in Global Notes contained in this Indenture and the Notes, the Trustee shall adjust the principal amount of the relevant Global Note(s) pursuant to Section 3.08 hereof. 

SECTION 3.03    Transfer or Exchange of Beneficial Interests in Global Notes for Definitive Notes. Subject to the
terms hereof, including Section 3.01 hereof, if any holder of a beneficial interest in a Global Note proposes to exchange such beneficial interest for a Definitive Note or to transfer such beneficial interest to a Person who takes delivery
thereof in the form of a Definitive Note, then, upon satisfaction of the conditions set forth in Section 3.02 hereof, the Trustee will cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to
Section 3.08 hereof, and the Issuers will execute and the Trustee, upon receipt of a Company Order in accordance with Section 2.04 of the Original Indenture, will authenticate and deliver to the Person designated in the instructions a
Definitive Note in the appropriate principal amount. Any Definitive Note issued in exchange for a beneficial interest pursuant to this Section 3.03 will be registered in such name or names and in such authorized denomination or denominations as
the Holder of such beneficial interest requests through instructions to the Registrar from or through the Depositary and the Participant or Indirect Participant. The Trustee will deliver such Definitive Notes to the Persons in whose names such Notes
are so registered. 
 SECTION 3.04    Transfer and Exchange of Definitive Notes for Beneficial Interests in Global
Notes. A Holder of a Definitive Note may exchange such Note for a beneficial interest in a Global Note or transfer such Definitive Notes to a Person who takes delivery thereof in the form of a beneficial interest in a Global Note at any time.
Upon receipt of a request for such an exchange or transfer, the Trustee will cancel the applicable Definitive Note and increase or cause to be increased the aggregate principal amount of one of the Global Notes. 

If any such exchange or transfer from a Definitive Note to a beneficial interest is effected at a time when a Global Note has not yet been
issued, the Issuers will issue and, upon receipt of a Company Order in accordance with Section 2.04 of the Original Indenture, the Trustee will authenticate one or more Global Notes in an aggregate principal amount equal to the principal amount
of Definitive Notes so transferred. 
 SECTION 3.05    Transfer and Exchange of Definitive Notes for Definitive
Notes. Upon request by a Holder of Definitive Notes and such Holder’s compliance with the provisions of this Section 3.05, the Registrar will register the transfer or exchange of Definitive Notes. Prior to such registration of transfer
or exchange, the requesting Holder must present or surrender to the Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar duly executed by such Holder or by its
attorney, duly authorized in writing. 

  
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 SECTION 3.06    [Reserved]. 

SECTION 3.07    Legend. The following legend will appear on the face of all Global Notes issued under this
Seventeenth Supplemental Indenture unless specifically stated otherwise in the applicable provisions of this Seventeenth Supplemental Indenture: 

“THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL
OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (1) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO THE INDENTURE, (2) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN
PART PURSUANT TO ARTICLE III OF THE SEVENTEENTH SUPPLEMENTAL INDENTURE, (3) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.12 OF THE INDENTURE AND (4) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A
SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE ISSUERS. 
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM,
THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR
DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”), TO THE ISSUERS OR THEIR AGENTS FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO.
OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN
INTEREST HEREIN.” 
 SECTION 3.08    Cancellation and/or Adjustment of Global Notes. At such time as all
beneficial interests in a particular Global Note have been exchanged for Definitive Notes or a particular Global Note has been redeemed, repurchased or canceled in whole and not in part, each such Global Note will be returned to or retained and
canceled by the Trustee in accordance with Section 2.12 of the Original Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a Person who will take delivery thereof in the
form of a beneficial interest in another Global Note or for Definitive Notes, the principal amount of Notes represented by such Global Note will be reduced accordingly and an endorsement will be made on such Global Note by the Trustee or by the
Depositary at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note, such
other Global Note will be increased accordingly and an endorsement will be made on such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase. 

  
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 SECTION 3.09    General Provisions Relating to Transfers and
Exchanges. 
 (a)    To permit registrations of transfers and exchanges, the Issuers will execute and the Trustee
will authenticate Global Notes and Definitive Notes upon receipt of a Company Order in accordance with Section 2.04 of the Original Indenture. 

(b)    No service charge will be made to a Holder of a Global Note or to a Holder of a Definitive Note for any
registration of transfer or exchange, but the Issuers may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer taxes or similar governmental charge
payable upon exchange or transfer pursuant to Sections 2.11, 3.06 and 9.04 of the Original Indenture and Section 5.01 of this Seventeenth Supplemental Indenture). 

(c)    The Registrar will not be required to register the transfer of or exchange any Note selected for redemption in
whole or in part, except the unredeemed portion of any Note being redeemed in part. 
 (d)    All Global Notes and
Definitive Notes issued upon any registration of transfer or exchange of Global Notes or Definitive Notes will be the valid obligations of the Issuers, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Global
Notes or Definitive Notes surrendered upon such registration of transfer or exchange. 
 (e)    The Issuers will not be
required: 
 (A)    to issue, to register the transfer of or to exchange any Notes during a period
beginning at the opening of business 15 days before the day of any selection of Notes for redemption under Section 3.02 of the Original Indenture and ending at the close of business on the day of selection; 

(B)    to register the transfer of or to exchange any Note selected for redemption in whole or in part,
except the unredeemed portion of any Note being redeemed in part; or 
 (C)    to register the transfer
of or to exchange a Note between a Record Date and the next succeeding Interest Payment Date. 
 (f)    Prior to due
presentment for the registration of a transfer of any Note, the Trustee, any Agent and the Issuers may deem and treat the Person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of
principal of and interest on such Notes and for all other purposes, and none of the Trustee, any Agent or the Issuers shall be affected by notice to the contrary. 

(g)    The Trustee will authenticate Global Notes and Definitive Notes in accordance with the provisions of
Section 2.04 of the Original Indenture. 
 (h)    All certifications, certificates and Opinions of Counsel required
to be submitted to the Registrar pursuant to Article III to effect a registration of transfer or exchange may be submitted by facsimile. 

  
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 (i)    Each Holder agrees to indemnify the Issuers, the Registrar and
the Trustee against any liability that may result from the transfer, exchange or assignment of such Holder’s Note in violation of any provision of this Indenture and/or applicable United States federal or state securities law. Neither the
Trustee nor the Registrar shall have any obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any
Note other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine substantial
compliance as to form with the express requirements hereof. 
 ARTICLE IV 

LEGAL DEFEASANCE, COVENANT DEFEASANCE 

AND SATISFACTION AND DISCHARGE 

SECTION 4.01    Legal Defeasance, Covenant Defeasance and Satisfaction and Discharge. Article VIII of the Original
Indenture shall be applicable to the Notes. The Issuers may defease the covenant contained in Section 5.01 of this Seventeenth Supplemental Indenture under the provisions of Section 8.03 of the Original Indenture. 

ARTICLE V 
 COVENANTS 

SECTION 5.01    Repurchase upon a Change of Control Triggering Event. 

(a) Upon the occurrence of a Change of Control Triggering Event after the date of this Seventeenth Supplemental Indenture, the Issuers will
make an offer to purchase all of the Notes pursuant to the offer described below (the “Change of Control Offer”) at a price in cash (the “Change of Control Payment”) equal to 101% of the aggregate principal amount
thereof plus accrued and unpaid interest to, but not including, the date of purchase, subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date. 

(b)    Within 30 days following any Change of Control Triggering Event, the Issuers will send notice of such Change of
Control Offer by first-class mail, or delivered electronically if held by DTC, with a copy to the Trustee, to each Holder of Notes to the address of such Holder appearing in the register or otherwise in accordance with the procedures of DTC, with
the following information: 
 (i)    a Change of Control Offer is being made pursuant to this
Section 5.01 and that all Notes properly tendered pursuant to such Change of Control Offer will be accepted for payment; 

(ii)    the purchase price and the purchase date, which will be no earlier than 30 days nor later than 60
days from the date such notice is mailed or delivered (the “Change of Control Payment Date”); 

  
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 (iii)    any Note not properly tendered will remain
Outstanding and continue to accrue interest; 
 (iv)    unless the Issuers default in the payment of the
Change of Control Payment, all Notes accepted for payment pursuant to the Change of Control Offer will cease to accrue interest on, but not including, the Change of Control Payment Date; 

(v)    the instructions determined by the Issuers consistent with this covenant that a Holder must follow
in order to have its Notes purchased or to cancel a previous order of purchase; and 
 (vi)    if such
notice is mailed or delivered prior to the occurrence of a Change of Control Triggering Event, stating that the Change of Control Offer is conditional on the occurrence of such Change of Control Triggering Event. 

(c)    While the Notes are in global form, when the Issuers make an offer to purchase all of the Notes pursuant to the
Change of Control Offer, a Holder may exercise its option to elect for the purchase of the Notes through the facilities of DTC, subject to DTC’s rules and regulations. 

(d)    If Holders of not less than 90% in aggregate principal amount of the Notes at the time Outstanding validly tender
and do not withdraw such Notes in a Change of Control Offer and the Issuers, or any other Person making a Change of Control Offer in lieu of the Issuers as described below, purchase all of the Notes validly tendered and not withdrawn by such
Holders, the Issuers will have the right, upon not less than 30 nor more than 60 days’ prior notice, given not more than 30 days following such purchase pursuant to the Change of Control Offer described above, to redeem all Notes that remain
Outstanding following such purchase at a redemption price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid interest to, but not including, the date of redemption (subject to the right of Holders of record on the
relevant Record Date to receive interest due on the relevant Interest Payment Date). 
 (e)    The Issuers will not be
required to make a Change of Control Offer following a Change of Control Triggering Event if (1) a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this
Indenture applicable to a Change of Control Offer made by the Issuers and purchases all Notes validly tendered and not withdrawn pursuant to such Change of Control Offer or (2) notice of redemption has been given pursuant to this Indenture as
described in Section 3.03 of the Original Indenture (as amended and supplemented by this Seventeenth Supplemental Indenture), unless and until there is a default in payment of the applicable redemption price. Notwithstanding anything to the
contrary herein, a Change of Control Offer may be made in advance of a Change of Control Triggering Event, conditional upon the occurrence of such Change of Control Triggering Event. 

(f)    Notes repurchased by the Issuers pursuant to a Change of Control Offer will have the status of Notes issued but not
Outstanding or will be retired and canceled at the option of the Issuers. Notes purchased by a third party pursuant to the preceding paragraph will have the status of Notes issued and Outstanding. 

  
 15 

 (g)    The Issuers will comply with the requirements of
Section 14(e) under the Exchange Act and any other securities laws and regulations thereunder to the extent such laws or regulations are applicable in connection with the repurchase of the Notes pursuant to a Change of Control Offer. To the
extent that the provisions of any securities laws or regulations conflict with the provisions of this Indenture, the Issuers will comply with the applicable securities laws and regulations and shall not be deemed to have breached their obligations
described in this Indenture by virtue thereof. 
 (h)    On the Change of Control Payment Date, the Issuers (or any
Person making a Change of Control Offer in lieu of the Issuers) will, to the extent permitted by law, 

(i)    accept for payment all Notes or portions thereof properly tendered pursuant to the Change of Control
Offer; 
 (ii)    deposit with the Paying Agent an amount equal to the aggregate Change of Control
Payment in respect of all Notes or portions thereof so tendered; and 
 (iii)    at the option of the
Issuers, unless a Person is making a Change of Control Offer in lieu of the Issuers, deliver, or cause to be delivered, to the Trustee for cancellation the Notes so accepted together with an Officers’ Certificate stating that such Notes or
portions thereof have been tendered to and purchased by the Issuers. 
 (i)    The Paying Agent will promptly mail or
otherwise deliver to each Holder of the Notes the Change of Control Payment for such Notes, and the Issuers shall execute and the Trustee, upon a Company Order, will promptly authenticate and mail, or will cause to be delivered electronically if
held by DTC, to each Holder a new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any; provided that each such new Note will be in a minimum denomination of $150,000 and an integral multiple of $1,000
above that amount. The Issuers will publicly announce the results of the Change of Control Offer on or as soon as practicable after the Change of Control Payment Date. 

(j)    Other than as specifically provided in this Section, any purchase pursuant to this Section shall be made pursuant
to the provisions of Article III of the Original Indenture. 
 ARTICLE VI 

MISCELLANEOUS 
 SECTION
6.01    Ratification of Original Indenture; Supplemental Indenture Part of Original Indenture. Except as expressly amended hereby, the Original Indenture, including Section 11.18 thereof regarding submission to
jurisdiction, is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Seventeenth Supplemental Indenture shall form a part of the Original Indenture for all purposes,
and every Holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. 

  
 16 

 SECTION 6.02    Concerning the Trustee. The recitals contained
herein and in the Notes, except with respect to the Trustee’s certificates of authentication, shall be taken as the statements of the Issuers, and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no
representations as to the validity or sufficiency of this Seventeenth Supplemental Indenture or of the Notes. 
 SECTION
6.03    Multiple Originals; Electronic Signatures. This Seventeenth Supplemental Indenture may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original, but all such
counterparts shall together constitute one and the same instrument. The exchange of copies of this Seventeenth Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this
Seventeenth Supplemental Indenture as to the parties hereto and may be used in lieu of the original Seventeenth Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their
original signatures for all purposes. 
 SECTION 6.04    GOVERNING LAW. THIS SEVENTEENTH
SUPPLEMENTAL INDENTURE AND EACH NOTE OF THE SERIES CREATED HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT
THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 
 [Signature Page Follows] 

  
 17 

 IN WITNESS WHEREOF, the parties have caused this Seventeenth Supplemental Indenture to be
duly executed by their respective officers thereunto duly authorized as of the date first above written. 
  

			
	SIGNED AND DELIVERED AS A DEED by
	
	 /s/ Sean Forde

	 As Attorney of AERCAP IRELAND CAPITAL

DAC in the presence of:

		
	Signature of Witness:	 	 /s/ Caroline O’Mara

	Name of Witness:	 	 Caroline O’Mara

	Address of Witness:	 	 4450 Atlantic Avenue,

Westpark, Shannon, Co. Clare

 
			
	Occupation/Title of Witness:	 	 Admin Corporate Secretary

 

			
	SIGNED AND DELIVERED AS A DEED for and on behalf of AERCAP GLOBAL AVIATION TRUST, a Delaware statutory trust by AerCap Ireland Capital DAC, its Regular Trustee
		
		 	 /s/ Sean Forde

	Name:	 	 Sean Forde

	Title:	 	 Authorised Signatory

 

			
	In the presence of:
		
	Signature:	 	/s/ Caroline O’Mara
	Name:	 	Caroline O’Mara
	Address:	 	 4450 Atlantic Avenue,
 Westpark, Shannon, Co.
Clare

 [Signature Page to Seventeenth Supplemental Indenture] 

					
		 	AERCAP HOLDINGS N.V.
		
	By:	 	 /s/ Marnix den Heijer

		 	Name: Marnix den Heijer
		 	Title: Attorney-in-Fact
		
		 	AERCAP AVIATION SOLUTIONS B.V.
		
	By:	 	 /s/ Richard Maasland

		 	Name: Richard Maasland
		 	Title: Represented by its sole Managing Director AerCap Group Services B.V.
		
		 	SIGNED AND DELIVERED AS A DEED by
		
		 	 /s/ Sean Forde

		
		 	As Attorney of AERCAP IRELAND LIMITED in the presence of:

  

					
		 	Signature of Witness:	 	 /s/ Caroline O’Mara

		 	Name of Witness:	 	 Caroline O’Mara

		 	Address of Witness:	 	 4450 Atlantic Avenue, Westpark, Shannon, Co.
Clare

 
					
		 	Occupation/Title of Witness:	 	 Admin Corporate Secretary

 

					
		 	AERCAP U.S. GLOBAL AVIATION LLC
		
	By:	 	 /s/ Sean Forde

		 	Name: Sean Forde
		 	Title: Authorised Signatory

  

					
		 	INTERNATIONAL LEASE FINANCE CORPORATION
		
	By:	 	 /s/ Patrick Ross

		 	Name: Patrick Ross
		 	Title: Secretary

  

					
		 	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Jane Y. Schweiger

		 	Name: Jane Y. Schweiger
		 	Title: Vice President

 [Signature Page to Seventeenth Supplemental Indenture] 

 EXHIBIT A 

[Face of Note] 
 [Insert the
Global Note Legend, if applicable pursuant to the provisions of the Indenture] 
  

 
 CUSIP/ISIN 00774MAG0 / US00774MAG06

 4.450% Senior Notes Due 2025 
 No.
[    ]                                     
                                         
                                         
                                         
                              $[        ] 

AERCAP IRELAND CAPITAL DAC and AERCAP GLOBAL AVIATION TRUST promise, jointly and severally, to pay to
[                    ] or registered assigns, the principal sum of
[                    ] Dollars on October 1, 2025 or such greater or lesser amount as may be indicated in Schedule A hereto. 

Interest Payment Dates: April 1 and October 1 
 Record
Dates: March 15 and September 15 
 Additional provisions of this Note are set forth on the other side of this Note. 

  
 A-1 

 IN WITNESS WHEREOF, the parties have caused this instrument to be duly executed. 

 

			
	AERCAP IRELAND CAPITAL DAC
		
	By:	 	  

		 	Name:
		 	Title:
	
	AERCAP GLOBAL AVIATION TRUST
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-2 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This Note is one of the 4.450% Senior Notes Due 2025 referred to in the within-mentioned Indenture. 

 

			
	Dated:                     
	
	 WILMINGTON TRUST, NATIONAL ASSOCIATION,

as Trustee

		
	 by
	 	
                     
                    

	 Authorized Signatory

  
 A-3 

 [Reverse of Note] 

4.450% Senior Notes Due 2025 
  

	1.	 Indenture 

This Note is one of a duly authorized issue of Notes of the Issuers, designated as their 4.450% Senior Notes Due 2025 (herein called the
“Notes,” which expression includes any further notes issued pursuant to Section 2.04 of the Seventeenth Supplemental Indenture (as hereinafter defined) and forming a single Series therewith), issued and to be issued under an
indenture, dated as of May 14, 2014, as amended and supplemented by the fifth supplemental indenture, dated as of September 29, 2014, and the tenth supplemental indenture, dated as of January 26, 2017 (as so amended and supplemented,
herein called the “Original Indenture”), as further supplemented by a seventeenth supplemental indenture, dated as of August 21, 2018 (the “Seventeenth Supplemental Indenture” and, together with the Original
Indenture, the “Indenture”), among AERCAP IRELAND CAPITAL DAC (formerly known as AerCap Ireland Capital Limited), a designated activity company with limited liability incorporated under the laws of Ireland (the “Irish
Issuer”), AERCAP GLOBAL AVIATION TRUST, a statutory trust organized under the laws of Delaware (the “U.S. Issuer” and, together with the Irish Issuer, the “Issuers,” and each, an “Issuer”),
AERCAP HOLDINGS N.V., a public limited liability company organized under the laws of the Netherlands (“Holdings”), each of Holdings’ subsidiaries signatory thereto or that becomes a Guarantor pursuant to the terms of the
Indenture (the “Subsidiary Guarantors”) and WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association organized under the laws of the United States, as trustee (the “Trustee”). Reference is hereby made
to the Indenture and all indentures supplemental thereto relevant to the Notes for a complete description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Issuers and the Holders of the Notes.
Capitalized terms used but not defined in this Note shall have the meanings ascribed to them in the Indenture. 
 The Indenture imposes
certain limitations on the ability of Holdings and its Restricted Subsidiaries to create or incur Liens. The Indenture also imposes certain limitations on the ability of the Holdings and its Restricted Subsidiaries to merge, consolidate or
amalgamate with or into any other person or sell, transfer, assign, lease, convey or otherwise dispose of all or substantially all of the property of Holdings and its Restricted Subsidiaries in any one transaction or series of related transactions.

 Each Note is subject to, and qualified by, all such terms as set forth in the Indenture, certain of which are summarized herein, and each
Holder of a Note is referred to the corresponding provisions of the Indenture for a complete statement of such terms. To the extent that there is any inconsistency between the summary provisions set forth in the Notes and the Indenture, the
provisions of the Indenture shall govern. 
  

	2.	 Interest 

The Issuers promise to pay interest on the principal amount of this Note at the rate per annum shown above. The Issuers will pay interest
semiannually on April 1 and October 1 of 

  
 A-4 

 
each year, commencing on April 1, 2019. Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from and including
August 21, 2018. Interest shall be computed on the basis of a 360-day year of twelve 30 day months. 
  

	3.	 Paying Agent, Registrar and Service Agent 

Initially the Trustee will act as paying agent and registrar. Initially, CT Corporation System will act as service agent. The Issuers may
appoint and change any paying agent, registrar or service agent without notice. Holdings or any of its Subsidiaries may act as paying agent, registrar or service agent. 
  

	4.	 Defaults and Remedies; Waiver 

Article VI of the Original Indenture (as amended and supplemented by the Seventeenth Supplemental Indenture) sets forth the Events of Default
and related remedies applicable to the Notes. 
  

	5.	 Amendment 

Article IX of the Original Indenture sets forth the terms by which the Notes and the Indenture may be amended. 

 

	6.	 Change of Control 

Upon the occurrence of a Change of Control Triggering Event, unless a third party makes a Change of Control Offer in accordance with the
requirements set forth in the Indenture or the Issuers have previously or concurrently sent a redemption notice with respect to all the Outstanding Notes as described in Section 3.03 of the Original Indenture (as amended and supplemented by the
Seventeenth Supplemental Indenture), the Issuers will make an offer to purchase all of the Notes at a price in cash equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest to, but not including, the date of purchase,
subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date. 
  

	7.	 Obligations Absolute 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligations of the Issuers,
which are absolute and unconditional, to pay the principal of and any premium and interest on this Note at the place, at the respective times, at the rate and in the coin or currency herein prescribed. 

 

	8.	 Sinking Fund 

The Notes will not have the benefit of any sinking fund.  

  
 A-5 

	9.	 Denominations; Transfer; Exchange 

The Notes are issuable in registered form without coupons in minimum denominations of $150,000 principal amount and any integral multiple of
$1,000 in excess thereof. When Notes are presented to the Registrar with a request to register a transfer or to exchange them for an equal principal amount of Notes of the same Series, the Registrar shall register the transfer or make the exchange
in the manner and subject to the limitations provided in the Indenture, without payment of any service charge but the Issuer may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection
therewith (other than any such transfer taxes or similar governmental charge payable upon exchange or transfer pursuant to Sections 2.11, 3.06 and 9.04 of the Original Indenture and Section 5.01 of the Seventeenth Supplemental Indenture). 

The Issuers and the Registrar shall not be required (a) to issue, register the transfer of or to exchange any Notes during a period
beginning at the opening of business 15 days before the day of any selection of Notes for redemption under Section 3.02 of the Original Indenture and ending at the close of business on the day of selection; (b) to register the transfer of
or to exchange any Note selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part; or (c) to register the transfer of or to exchange a Note between a Record Date and the next succeeding
Interest Payment Date. 
  

	10.	 Further Issues 

The Issuers may from time to time, without the consent of the Holders of the Notes and in accordance with the Indenture, create and issue
further notes having the same terms and conditions as the Notes in all respects (or in all respects except for the issue date and the amount and the date of the first payment of interest) so as to form a single Series with the Notes. 

 

	11.	 Optional Redemption 

(a)    Prior to the Par Call Date, the Issuers may redeem all or part of the Notes, after having sent a notice of
redemption as described in Section 3.03 of the Original Indenture (except that, for the purposes of the Notes issued under the Seventeenth Supplemental Indenture, such notice shall be required to be sent upon not less than 15 nor more than 45
days’ notice, rather than upon not less than 30 nor more than 60 days’ notice), at a redemption price equal to the greater of (i) 100% of the principal amount of Notes or (ii) the sum of the present value at such redemption date of
all remaining scheduled payments of principal and interest on such Note through the Par Call Date (excluding accrued but unpaid interest to the redemption date), discounted to the date of redemption using a discount rate equal to the Treasury Rate
plus 25 basis points, plus accrued and unpaid interest, if any, to, but not including, the redemption date, subject to the right of holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date. 

(b)    On or after the Par Call Date, the Notes may be redeemed at the Issuers’ option, at any time in whole or from
time to time in part, at a redemption price equal to 100% of the principal amount of the Notes being redeemed, plus accrued and unpaid interest, if any, to, but not including, the redemption date, subject to the right of holders of record on the
relevant Record Date to receive interest due on the relevant Interest Payment Date. 

  
 A-6 

	12.	 Redemption for Changes in Withholding Taxes 

(a)    The Issuers are entitled to redeem the Notes, at the option of the Issuers, at any time in whole but not in part,
upon not less than 15 nor more than 45 days’ notice (which notice shall be irrevocable) to the Holders (with a copy to the Trustee) mailed by first-class mail to each Holder’s registered address (or delivered electronically if held by
DTC), at 100% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but not including, the date of redemption (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant
Interest Payment Date) and Additional Amounts, if any, in the event the Issuers have become or would become obligated to pay, on the next date on which any amount would be payable with respect to the Notes, any Additional Amounts as a result of:

 (i)    a change in or an amendment to the laws (including any regulations, rulings or protocols
promulgated and treaties enacted thereunder) of any Relevant Taxing Jurisdiction affecting taxation; or 

(ii)    any change in or amendment to, or the introduction of, any official position regarding the
application, administration or interpretation of such laws, regulations, rulings, protocols or treaties (including a holding, judgment or order by a court of competent jurisdiction), 

which change or amendment is announced or becomes effective on or after the date on which the Notes are issued (or, in the case of a jurisdiction that becomes
a Relevant Taxing Jurisdiction after such date, on or after such later date), and where the Issuers cannot avoid such obligation by taking reasonable measures available to the Issuers. Notwithstanding the foregoing, no such notice of redemption will
be given (x) earlier than 90 days prior to the earliest date on which the Issuers would be obliged to make such payment of Additional Amounts and (y) unless at the time such notice is given, such obligation to pay such Additional Amounts
remains in effect. 
 (b)    Before the Issuers publish or mail or deliver notice of redemption of the Notes as
described above, the Issuers will deliver to the Trustee an Officers’ Certificate stating that the Issuers cannot avoid their obligation to pay Additional Amounts by taking reasonable measures available to them and that all conditions precedent
to the redemption have been complied with. The Issuers will also deliver to the Trustee an Opinion of Counsel from outside counsel stating that the Issuers would be obligated to pay Additional Amounts as a result of a change or amendment described
above and that all conditions precedent to the redemption have been complied with. 
 (c)    This Section will apply
mutatis mutandis to any jurisdiction in which any successor Person to an Issuer is incorporated or organized or any political subdivision or taxing authority or agency thereof or therein. 

 

	13.	 Persons Deemed Owners 

The ownership of Notes shall be proved by the register maintained by the Registrar. 

  
 A-7 

	14.	 No Recourse Against Others 

No director, officer, employee, incorporator or stockholder of the Issuers, as such, will have any liability for any obligations of the Issuers
under the Notes, the Indenture, or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the
consideration for issuance of the Notes. The waiver may not be effective to waive liabilities under the federal securities laws. 
  

	15.	 Discharge and Defeasance 

Subject to certain conditions set forth in the Indenture, the Issuers at any time may terminate some or all of their obligations under the
Notes and the Indenture if the Issuers deposit with the Trustee money and/or U.S. Government Obligations for the payment of principal of, premium, if any, and interest on the Notes to redemption or maturity, as the case may be. 

 

	16.	 Unclaimed Money 

Any money deposited with the Trustee or any Paying Agent, or then held by an Issuer, in trust for the payment of the principal of, premium, if
any, or interest on any Note and remaining unclaimed for two years after such principal, and premium, if any, or interest has become due and payable shall be paid to the Issuers on their request or, if then held by an Issuer, shall be discharged
from such trust. Thereafter the Holder of such Note shall look only to the Issuers for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Issuers as trustee thereof,
shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Issuers cause to be published once, in the New York Times and The Wall Street
Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such notification or publication, any unclaimed balance of such money then remaining
will be repaid to the Issuers. 
  

	17.	 Trustee Dealings with the Issuers 

Subject to certain limitations imposed by the TIA, the Trustee in its individual or any other capacity may become the owner or pledgee of Notes
and may otherwise deal with the Issuers or their Affiliates with the same rights it would have if it were not Trustee. Any Paying Agent, Registrar or co paying agent may do the same with like rights. 

 

	18.	 Abbreviations 

Customary abbreviations may be used in the name of a Holder or an assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the
entireties), JT TEN (=joint tenants with rights of survivorship and not as tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gift to Minors Act). 
  

	19.	 CUSIP Numbers 

Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuers have caused CUSIP numbers
to be printed on the 

  
 A-8 

 
Notes and have directed the Trustee to use CUSIP numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on
the Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 
  

	20.	 Governing Law 

THE INDENTURE AND THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT
TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 
 The
Issuers will furnish to any Holder of Notes upon written request and without charge to the Holder a copy of the Indenture. 

  
 A-9 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 

(I) or (we) assign and transfer this Note
to                                        
                                         
                                         
                                         
           

                       
                                         
        (Insert assignee’s legal name) 
  

                          
                                         
                                         
                                         
                                         
                                         
          
 (Insert assignee’s soc. sec. or tax I.D. no.) 

                          
                                         
                                         
                                         
                                         
                                         
          
  

                          
                                         
                                         
                                         
                                         
                                         
          
  

                          
                                         
                                         
                                         
                                         
                                         
          
  

                          
                                         
                                         
                                         
                                         
                                         
          
 (Print or type assignee’s name, address and zip code) 

and irrevocably appoint to transfer this Note on the books of the Issuers. The agent may substitute another to act for him or her. 

Date:                      

 

			
	Your Signature:	 	  

		 	(Sign exactly as your name appears on the face of this Note)

 Signature Guarantee*: 
  

 

	*	 Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to
the Trustee). 

  
 A-10 

 Option of Holder to Elect Purchase 

If you want to elect to have this Note purchased by the Issuers pursuant to Section 5.01 of the Seventeenth Supplemental Indenture, check the
box:  ☐ 
 If you want to elect to have only part of the Note purchased by the Issuers pursuant to Section 5.01 of the Seventeenth
Supplemental Indenture, state the amount you elect to have purchased: 
 $         

Date: 

Your Signature:
                                         
                                         
                                         
                                         
                                         
           

                        
    (Sign exactly as your name appears on the face of this Note) 

                       
                                         
                        Tax Identification No.:
                                         
                                         
                         

Signature Guarantee*: 
  

 

	*	 Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to
the Trustee). 

  
 A-11 

 Schedule A 

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 

The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another
Global Note or Definitive Note for an interest in this Global Note, have been made: 
  

									
	 Date of Exchange
	 	 Amount of decrease

in Principal Amount

of this Global Note
	 	 Amount of increase

in Principal Amount

of this Global Note
	 	 Principal Amount of
this Global Note

following such
decrease or increase
	 	 Signature of

authorized officer of
Trustee or Custodian

		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

  

	*	 This schedule should be included only if the Note is issued in Global Form 

  
 A-12

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