Document:

Exhibit 4.1 

 

Execution Version

 

LEXINGTON REALTY TRUST,

as Issuer,

and

U.S. BANK NATIONAL ASSOCIATION,

as Trustee

 

Supplemental Indenture No. 2

Dated as of August 28, 2020

 

$400,000,000

of

2.700% Senior Notes due 2030

 

    	 	 

     

    

TABLE
OF CONTENTS

	ARTICLE One RELATION TO BASE INDENTURE; DEFINITIONS SECTION	1
	Section 1.1   Relation to Base Indenture	1
	Section 1.2   Definitions	1
	ARTICLE Two THE NOTES SECTION	5
	Section 2.1   Title of the Securities	5
	Section 2.2   Forms Generally	5
	Section 2.3   Limitation on Initial Aggregate Principal Amount; Further Issuances	5
	Section 2.4   Interest and Interest Rates; Maturity Date of Notes	5
	Section 2.5   Issuance of Additional Notes	6
	Section 2.6   Limitations on Incurrence of Debt	6
	Section 2.7   Insurance	8
	Section 2.8   Maintenance of Properties	8
	Section 2.9   Payment of Taxes and Other Claims	8
	Section 2.10   Optional Redemption	9
	Section 2.11   Guarantees	9
	Section 2.12   No Sinking Fund	10
	Section 2.13   Conflict with Trust Indenture Act	10
	Section 2.14   Covenant Defeasance	10
	ARTICLE Three MISCELLANEOUS PROVISIONS SECTION	10
	Section 3.1   Ratification of Base Indenture	10
	Section 3.2   Governing Law	10
	Section 3.3   Counterparts	10
	Section 3.4   Trustee	10
	Section 3.5   Corporate Trust Office	11
	Section 3.6   Failure or Delay in Performance	11
	Section 3.7   Effect of Second Supplemental Indenture	11
	Section 3.8   Effect of Headings	11
	Section 3.9   Successors and Assigns	11
	Section 3.10   Severability Clause	11
	Section 3.11   Benefits of Second Supplemental Indenture	12
	Section 3.12   WAIVER OF JURY TRIAL	12
	Section 3.13   Electronic Notices	12

EXHIBIT AForm of NoteA-1

EXHIBIT BForm of Notation of GuaranteeB-1

    	 	i	 

     

    

THIS SUPPLEMENTAL INDENTURE NO. 2,
dated as of August 28, 2020 (the “Second Supplemental Indenture”), between LEXINGTON REALTY TRUST, a
Maryland real estate investment trust, (the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national
banking association, as trustee (herein called the “Trustee”).

WITNESSETH:

WHEREAS, the Issuer has heretofore
delivered to the Trustee an Indenture dated as of May 9, 2014 (the “Base Indenture”), providing for the issuance
by the Issuer from time to time of its senior debt securities evidencing its unsecured and unsubordinated indebtedness (the “Securities”).

WHEREAS, Section 2.01 of the Base
Indenture provides for various matters with respect to any series of Securities issued under the Base Indenture to be established
in an indenture supplemental to the Base Indenture.

WHEREAS, Section 9.01(i) of the
Base Indenture provides for the Issuer and the Trustee to enter into an indenture supplemental to the Base Indenture to establish
the form or terms of Securities of any series as provided by Sections 2.01 and 2.02 of the Base Indenture.

WHEREAS, the Board of Trustees
of the Issuer, has duly adopted resolutions authorizing the Issuer to execute and deliver this Second Supplemental Indenture and
issue the Notes; and

WHEREAS, all of the conditions
and requirements necessary to make this Second Supplemental Indenture, when duly executed and delivered, a valid and binding agreement
in accordance with its terms and for the purposes herein expressed, have been performed and fulfilled.

NOW, THEREFORE, THIS SECOND SUPPLEMENTAL
INDENTURE WITNESSETH:

For and in consideration of the premises
and the purchase of the series of Securities provided for herein by the Holders thereof, it is mutually covenanted and agreed,
for the equal and proportionate benefit of all Holders of Securities of such series, as follows:

ARTICLE
One

RELATION TO BASE INDENTURE; DEFINITIONS SECTION

Section
1.1         
Relation to Base Indenture.

This Second Supplemental Indenture constitutes
an integral part of the Base Indenture.

Section
1.2         
Definitions.

For all purposes of this Second Supplemental
Indenture, except as otherwise expressly provided for or unless the context otherwise requires:

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(1)       Capitalized
terms used but not defined herein shall have the respective meanings assigned to them in the Base Indenture;
provided that, where a term is defined both in this Second Supplemental Indenture and in the Base Indenture, the meaning
given to such term in this Second Supplemental Indenture shall control for purposes of this Second Supplemental Indenture and (in
respect of the Notes but not any other series of Securities) the Base Indenture; and

(2)       All
references herein to Articles and Sections, unless otherwise specified, refer to the corresponding Articles and Sections of this
Second Supplemental Indenture.

“Acquired Debt” means
Debt of a Person (1) existing at the time such Person is merged or consolidated with or into the Issuer or any of its Subsidiaries
or becomes a Subsidiary of the Issuer; or (2) assumed by the Issuer or any of its Subsidiaries in connection with the acquisition
of assets from such Person. Acquired Debt shall be deemed to be incurred on the date the acquired Person is merged or consolidated
with or into the Issuer or any of its Subsidiaries or becomes a Subsidiary of the Issuer or the date of the related acquisition,
as the case may be.

“Additional Notes”
means additional Notes (other than the Initial Notes) issued under this Second Supplemental Indenture in accordance with Section
2.5 hereof, as part of the same series as the Initial Notes.

“Adjusted Treasury Rate”
means, with respect to any Redemption Date, the rate per year equal to the arithmetic mean of the weekly average yield to maturity
(representing the average of the daily rates for the immediately preceding week) available through the most recent Statistical
Release for the maturity (rounded to the nearest month) corresponding to the remaining life to the Par Call Date of the Notes as
of the Redemption Date. If no maturity exactly corresponds to such maturity, yields for the two published maturities most closely
corresponding to such maturity shall be calculated pursuant to the immediately preceding sentence and the Adjusted Treasury Rate
shall be interpolated or extrapolated from such yields on a straight-line basis, rounding in each of such relevant periods to the
nearest month. For the purposes of calculating the Adjusted Treasury Rate, the most recent Statistical Release published at least
two Business Days prior to the Redemption Date (or in the case of satisfaction and discharge or defeasance, two Business Days prior
to the date funds are deposited with the Trustee to pay and discharge the entire indebtedness of the Notes) shall be used.

“Annual Debt Service Charge”
means, for any period, the interest expense of the Issuer and its Subsidiaries for such period, determined on a consolidated basis
in accordance with United States generally accepted accounting principles.

“Consolidated Income Available
for Debt Service” means, for any period, Consolidated Net Income of the Issuer and its Subsidiaries for such period,
plus amounts which have been deducted and minus amounts which have been added for, without duplication: (1) interest expense on
Debt, (2) provision for taxes based on income, (3) amortization of debt discount, premium and deferred financing costs, (4) impairment
losses and gains on sales or other dispositions of properties and other investments, (5) real estate related depreciation and amortization,
(6) the effect of any non-recurring non-cash items, (7) amortization of deferred charges, (8) gains or losses on early extinguishment
of debt, and (9) acquisition expenses, all

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determined on a consolidated basis in accordance with United
States generally accepted accounting principles.

“Consolidated Net Income”
means, for any period, the amount of net income (or loss) of the Issuer and its Subsidiaries for such period, excluding, without
duplication: (1) extraordinary items, and (2) the portion of net income (but not losses) of the Issuer and its Subsidiaries allocable
to minority interests in unconsolidated persons to the extent that cash dividends or distributions have not actually been received
by the Issuer or one of its Subsidiaries, all determined on a consolidated basis in accordance with United States generally accepted
accounting principles.

“Debt” means, with
respect to any Person, any indebtedness of such Person in respect of, without duplication, (1) such Person’s borrowed money
or such Person’s indebtedness evidenced by bonds, notes, debentures or similar instruments, in each case, whether or not
such Debt is secured by any Lien existing on any property or assets owned by such Person; (2) any other indebtedness secured by
any Lien on any property or asset owned by such Person, but only to the extent of the lesser of (a) the amount of indebtedness
so secured and (b) the fair market value (determined in good faith by the board of trustees of such Person or, in the case of a
Guarantor, by the Issuer’s Board of Trustees or a duly authorized committee thereof) of the property subject to such Lien;
(3) reimbursement obligations, contingent or otherwise, in connection with any letters of credit actually issued or amounts representing
the balance deferred and unpaid of the purchase price of any property except any such balance that constitutes an accrued expense
or trade payable; or (4) any lease of property by such Person as lessee which is required to be reflected on such Person’s
balance sheet as a finance lease in accordance with United States generally accepted accounting principles. The term “Debt”
also includes, to the extent not otherwise included, any non-contingent obligation of such Person to be liable for, or to pay,
as obligor, guarantor or otherwise (other than for purposes of collection in the ordinary course of business), Debt of the types
referred to above of another Person (it being understood that Debt shall be deemed to be incurred by such Person whenever such
Person shall create, assume, guarantee (on a non-contingent basis) or otherwise become liable in respect thereof).

“Holders” has the
meaning specified in Section 2.4 hereof.

“Indenture” means
the Base Indenture together with the Second Supplemental Indenture.

“Initial Notes” means
the first $400,000,000 aggregate principal amount of Notes issued under this Second Supplemental Indenture on the date hereof.

“Interest Payment Date”
has the meaning specified in Section 2.4 hereof.

“Lien” means any mortgage,
deed of trust, lien, charge, pledge, security interest, security agreement, or other encumbrance of any kind.

“Maturity Date” has
the meaning specified in Section 2.4 hereof.

“Notes” has the meaning
specified in Section 2.1 hereof and includes the Initial Notes and any Additional Notes.

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“Par Call Date” has
the meaning provided in Section 2.10 hereof.

“Principal Credit Agreement”
means the Amended and Restated Credit Agreement, dated as of February 6, 2019, among the Issuer, as borrower, each of the lenders
party thereto, and KeyBank National Association, as agent, as the same may be amended, supplemented or otherwise modified from
time to time, and any successor credit agreement thereto (whether by renewal, replacement, refinancing or otherwise) that the Issuer
in good faith designates to be the Issuer’s principal credit agreement (taking into account the maximum principal amount
of the credit facility provided thereunder, the recourse nature of the agreement and such other factors as the Issuer deems reasonable
in light of the circumstances), such designation (or the designation that at a given time there is no principal credit agreement)
to be made by an Officers’ Certificate delivered to the Trustee.

“Quotation Agent”
means an independent investment banking institution of national standing appointed by the Issuer from time to time.

“Record Date” has
the meaning specified in Section 2.4 hereof.

“Redemption Price”
has the meaning provided in Section 2.10 hereof.

”Statistical Release”
means the statistical release designated “H.15” or any successor publication which is published by the Federal Reserve
System (or companion online data resource published by the Federal Reserve System) and which establishes yields on actively traded
United States government securities adjusted to constant maturities, or, if such statistical release is not published at the time
of any determination under the Indenture, then such other reasonably comparable index designated by the Issuer.

“Total Assets” means
the sum of, without duplication (1) Undepreciated Real Estate Assets and (2) all other assets (excluding accounts receivable, right-of
use assets associated with an operating lease, and non-real estate intangibles) of the Issuer and its Subsidiaries, all determined
on a consolidated basis in accordance with United States generally accepted accounting principles.

“Total Unencumbered Assets”
means, as of any date, the Total Assets of the Issuer and its Subsidiaries, which are not subject to a Lien securing Debt, all
determined on a consolidated basis in accordance with United States generally accepted accounting principles; provided,
however, that, in determining Total Unencumbered Assets as a percentage of outstanding Unsecured Debt for purposes of the
covenant set forth in Section 2.6(d) hereof, all investments in unconsolidated limited partnerships, unconsolidated limited
liability companies and other unconsolidated entities shall be excluded from Total Unencumbered Assets.

“Undepreciated Real Estate Assets”
means, as of any date, the cost (original cost plus capital improvements) of real estate assets, any right-of-use assets associated
with a financing lease, and related intangibles of the Issuer and its Subsidiaries on such date, before depreciation and amortization,
all determined on a consolidated basis in accordance with United States generally accepted accounting principles.

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“Unsecured Debt” means
Debt of the Issuer or any of its Subsidiaries which is not secured by a Lien on any property or assets of the Issuer or any of
its Subsidiaries.

ARTICLE
Two

THE NOTES SECTION

Section
2.1         
Title of the Securities.

There shall be a series of Securities
designated the “2.700% Senior Notes due 2030” (the “Notes”).

Section
2.2         
Forms Generally.

The Notes shall be issued in the form
of a Global Security and DTC shall be the initial Depositary for the Notes. The Notes and the Trustee’s certificate of authentication
shall be in the forms set forth in Exhibit A attached hereto, with such appropriate insertions, omissions, substitutions
and other variations as are required or permitted by the Indenture and may have such letters, numbers or other marks of identification
and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or as may,
consistently herewith, be determined by the Officers executing such Notes, as evidenced by their execution of the Notes. Any portion
of the text of any Note may be set forth on the reverse thereof, with an appropriate reference thereto on the face of the Note.

The Notes shall be printed, lithographed
or engraved or produced by any combination of these methods or may be produced in any other manner, as determined by the Officers
of the Issuer executing such Notes, as evidenced by their manual or facsimile execution of such Notes.

In accordance with Section 2.04 of the
Base Indenture, upon the execution of this Second Supplemental Indenture, and from time to time thereafter, Notes may be executed
by the Issuer and delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver Notes upon
a written order of the Issuer conforming to the signatory requirements of an Officers’ Certificate under Section 1.01 of
the Base Indenture (an “Authentication Order”), without any further action by the Issuer hereunder.

Section
2.3         
Limitation on Initial Aggregate Principal Amount; Further Issuances.

The aggregate principal amount of the
Initial Notes shall be limited to $400,000,000, except as provided in Sections 2.06 and 2.07 of the Base Indenture. The Issuer
may, from time to time, subject to Section 2.6 hereof and applicable law, create and issue Additional Notes under the Indenture.

Section
2.4         
Interest and Interest Rates; Maturity Date of Notes.

The Notes shall bear interest at 2.700%
per annum from August 28, 2020 or from the immediately preceding Interest Payment Date (as defined below) to which interest has
been paid, payable semi-annually in arrears on March 15 and September 15 of each year, commencing March 15, 2021 (each, an “Interest
Payment Date”), to the persons (the “Holders”) in whose name the applicable Notes are registered in
the Security Register at the close of business on the

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March 1 or September 1 immediately preceding such Interest
Payment Date (regardless of whether such day is a Business Day), as the case may be (each, a “Record Date”).
Interest on the Notes shall be computed on the basis of a 360-day year of twelve 30-day months. Defaulted Interest, if any, shall
forthwith cease to be payable to the Holder on the applicable Record Date and may either be paid to the person in whose name such
Note is registered at the close of business on a special record date for the payment of such Defaulted Interest to be fixed by
the Trustee, notice of which shall be given to the Holder of such Note not less than ten days prior to such special record date,
or may be paid at any time in any other lawful manner, as more particularly described in the Base Indenture. The Notes shall mature
on September 15, 2030 (the “Maturity Date”).

Section
2.5         
Issuance of Additional Notes.

The Issuer will be entitled, upon delivery
to the Trustee of an Officers’ Certificate, Opinion of Counsel and Authentication Order, subject to its compliance with Section
2.6 hereof, to issue Additional Notes under the Indenture that will have identical terms to and the same CUSIP number as the
Initial Notes issued on the date of this Second Supplemental Indenture other than with respect to the date of issuance, issue price,
the date from which interest initially accrues on such Additional Notes, and if applicable, the first Interest Payment Date. The
Initial Notes and any such Additional Notes will constitute a single series of debt securities, and in circumstances in which the
Indenture provides for the Holders of Notes to vote or take any action, the Holders of Initial Notes and the Holders of any such
Additional Notes will vote or take the action as a single class.

With respect to any Additional Notes,
the Issuer will set forth in a resolution of its Board of Trustees and an Officers’ Certificate, a copy of each of which
will be delivered to the Trustee, the following information:

(1)            
the aggregate principal amount of such Additional Notes to be authenticated and delivered pursuant to the Indenture;
and

(2)            
the issue price, the issue date and the CUSIP number of such Additional Notes.

Section
2.6         
Limitations on Incurrence of Debt.

(a)            
Limitation on Total Outstanding Debt. The Issuer will not, and will not permit any of its Subsidiaries to,
incur any Debt (including, without limitation, Acquired Debt) if, immediately after giving effect to the incurrence of such Debt
and the application of the proceeds from such Debt on a pro forma basis, the aggregate principal amount of all of the Issuer’s
and its Subsidiaries’ outstanding Debt (determined on a consolidated basis in accordance with United States generally accepted
accounting principles) is greater than 60% of the sum of the following (without duplication): (1) the Issuer’s and its Subsidiaries’
Total Assets as of the last day of the then most recently ended fiscal quarter and (2) the aggregate purchase price of any real
estate assets or mortgages receivable acquired, and the aggregate amount of any securities offering proceeds received (to the extent
such proceeds were not used to acquire real estate assets or mortgages receivable or used to reduce Debt), by the Issuer or any
Subsidiary of the Issuer

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since the end of such fiscal quarter, including the proceeds
obtained from the incurrence of such additional Debt.

(b)            
Limitation on Secured Debt. The Issuer will not, and will not permit any of its Subsidiaries to, incur any
Debt (including, without limitation, Acquired Debt) secured by any Lien on any of the Issuer’s or any of its Subsidiaries’
property or assets, whether owned on the date of this Second Supplemental Indenture or subsequently acquired, if, immediately after
giving effect to the incurrence of such Debt and the application of the proceeds from such Debt on a pro forma basis, the aggregate
principal amount of all of the Issuer’s and its Subsidiaries’ outstanding Debt (determined on a consolidated basis
in accordance with United States generally accepted accounting principles) which is secured by a Lien on any of the Issuer’s
or its Subsidiaries’ property or assets is greater than 40% of the sum of (without duplication): (1) the Issuer’s and
its Subsidiaries’ Total Assets as of the last day of the then most recently ended fiscal quarter; and (2) the aggregate purchase
price of any real estate assets or mortgages receivable acquired, and the aggregate amount of any securities offering proceeds
received (to the extent such proceeds were not used to acquire real estate assets or mortgages receivable or used to reduce Debt),
by the Issuer or any of its Subsidiaries since the end of such fiscal quarter, including the proceeds obtained from the incurrence
of such additional Debt.

(c)            
Debt Service Test.

(1)            
The Issuer will not, and will not permit any of its Subsidiaries to, incur any Debt (including, without limitation,
Acquired Debt) if the ratio of Consolidated Income Available for Debt Service to Annual Debt Service Charge for the period consisting
of the four consecutive fiscal quarters most recently ended prior to the date on which such additional Debt is to be incurred shall
have been less than 1.5:1 on a pro forma basis after giving effect to the incurrence of such Debt and the application of the proceeds
from such Debt (determined on a consolidated basis in accordance with United States generally accepted accounting principles),
and calculated on the following assumptions:

(A)          
such Debt and any other Debt (including, without limitation, Acquired Debt) incurred by the Issuer or any of its
Subsidiaries since the first day of such four- quarter period had been incurred, and the application of the proceeds from such
Debt (including to repay or retire other Debt) had occurred, on the first day of such period;

(B)          
the repayment or retirement of any other Debt of the Issuer or any of its Subsidiaries since the first day of such
four-quarter period had occurred on the first day of such period (except that, in making this computation, the amount of Debt under
any revolving credit facility, line of credit or similar facility will be computed based upon the average daily balance of such
Debt during such period); and

(C)          
in the case of any acquisition or disposition by the Issuer or any of its Subsidiaries of any asset or group of assets
with a fair market value in excess of $1.0 million since the first day of such four-quarter period, whether by merger, stock purchase
or sale or asset purchase or sale or otherwise, such acquisition or disposition

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had occurred as of the first day of such period with
the appropriate adjustments with respect to such acquisition or disposition being included in such pro forma calculation.

(2)            
If the Debt giving rise to the need to make the calculation described in Section 2.6(c)(1) hereof or any other
Debt incurred after the first day of the relevant four-quarter period bears interest at a floating rate, then, for purposes of
calculating the Annual Debt Service Charge, the interest rate on such Debt will be computed on a pro forma basis by applying the
average daily rate which would have been in effect during the entire four-quarter period to the greater of the amount of such Debt
outstanding at the end of such period or the average amount of such Debt outstanding during such period. For purposes of this Section
2.6(c) hereof, Debt will be deemed to be incurred by the Issuer or any of its Subsidiaries whenever the Issuer or any of its
Subsidiaries shall create, assume, guarantee (on a non-contingent basis) or otherwise become liable in respect thereof.

(d)            
Maintenance of Total Unencumbered Assets. The Issuer and its Subsidiaries will not have at any time Total
Unencumbered Assets of less than 150% of the aggregate principal amount of all of the Issuer’s and its Subsidiaries’
outstanding Unsecured Debt determined on a consolidated basis in accordance with United States generally accepted accounting principles.

Section
2.7         
Insurance.

The Issuer will, and will cause of each
of its Subsidiaries to, keep in force upon all of the Issuer’s and each of its Subsidiaries’ properties and operations
insurance policies carried with responsible insurance companies in such amounts and covering all such risks as is customary in
the industry in which the Issuer and its Subsidiaries do business in accordance with prevailing market conditions and availability.

Section
2.8         
Maintenance of Properties.

The Issuer will cause all of its and
its Subsidiaries’ properties used or useful in the conduct of the business of the Issuer or any of its Subsidiaries to be
maintained and kept in good condition, repair and working order and supplied with all necessary equipment and the Issuer will cause
all necessary repairs, renewals, replacements, betterments and improvements to be made, all as in the Issuer’s judgment may
be necessary in order for the Issuer to at all times properly and advantageously conduct its business carried on in connection
with such properties.

Section
2.9         
Payment of Taxes and Other Claims.

The Issuer will pay or discharge or cause
to be paid or discharged before it becomes delinquent: (i) all taxes, assessments and governmental charges levied or imposed on
the Issuer or any of its Subsidiaries or on its or any such Subsidiary’s income, profits or property; and (ii) all lawful
claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon its property or the property of any of
its Subsidiaries; provided, however, that the Issuer will not be required to pay or discharge or cause to be paid
or discharged any tax, assessment, charge or claim the amount, applicability or validity of which is being contested in good faith.

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Section
2.10      
Optional Redemption. The provisions of this Section 2.10 apply solely with respect to
the Notes and all references to Holders in this Section 2.10 shall be solely to Holders of the Notes. The Notes shall be
redeemable at the Company’s option prior to the Maturity Date in accordance with this Section 2.10 and Sections 3.01,
3.02 and 3.03 of the Base Indenture (as amended by this Section 2.10).

(a)            
The Issuer shall have the right to redeem the Notes at its option and in its sole discretion at any time or from
time to time prior to the Maturity Date, in whole or in part. The redemption price (“Redemption Price”) will
equal the greater of (i) 100% of the principal amount of the Notes to be redeemed or (ii) as determined by the Quotation Agent,
the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion
of such payments of interest accrued as of the Redemption Date) that would be due if such Notes matured 90 days prior to the Maturity
Date (the “Par Call Date”) but for the redemption thereof discounted to the Redemption Date on a semi-annual
basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 35 basis points (0.350% or
thirty-five one-hundredths of one percent), plus, in the case of both clauses (i) and (ii), accrued and unpaid interest on the
principal amount of the Notes being redeemed to, but excluding, the applicable Redemption Date; provided, however,
that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Issuer will
pay the full amount of accrued and unpaid interest, if any, on such Interest Payment Date to the Holder of record at the close
of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). Notwithstanding the
foregoing, if the Notes are redeemed on or after June 15, 2030, the Redemption Price will be equal to 100% of the principal amount
of the Notes being redeemed plus unpaid interest, if any, accrued thereon to, but excluding, the Redemption Date.

(b)            
The Issuer shall not redeem the Notes pursuant to Section 2.10(a) hereof on any date if the principal amount
of the Notes has been accelerated, and such an acceleration has not been rescinded or cured on or prior to such date (except in
the case of an acceleration resulting from a default by the Issuer in the payment of the Redemption Price with respect to the Notes
to be redeemed).

(c)            
Section 3.02 of the Base Indenture is hereby amended with respect to the Notes only by changing, in the first sentence
thereof, the number “30” to the number “15”.

Section
2.11            Guarantees.

(a)             In
accordance with Section 15.04 of the Base Indenture, the Issuer will cause each Subsidiary of the Issuer that is a domestic Subsidiary
of the Issuer that becomes a Principal Credit Agreement Obligor on or after the date hereof, to, within 60 days of becoming a Principal
Credit Agreement Obligor, execute and deliver to the Trustee a supplemental indenture pursuant to which such Subsidiary will unconditionally
guarantee, on a joint and several basis, the full and prompt payment of the principal of, premium, if any, and interest in respect
of the Notes on a senior unsecured basis and all other obligations under the Indenture.

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(b)       In
accordance with Section 15.02 of the Base Indenture, each Guarantor shall also execute a notation of Guarantee substantially in
the form of Exhibit B supplemental hereto, which shall be endorsed on each Note authenticated and delivered by the Trustee.

Section
2.12       No
Sinking Fund.

The provisions of Sections 3.04, 3.05
and 3.06 of the Base Indenture shall not be applicable to the Notes.

Section
2.13       Conflict
with Trust Indenture Act.

If any provision of the Indenture limits,
qualifies or conflicts with another provision of the Indenture, which is required to be included in the Indenture by any of the
provisions of the Trust Indenture Act, such required provision shall control to the extent it is applicable.

Section
2.14       Covenant
Defeasance. Section 12.03 of the Base Indenture is hereby amended with respect to the Notes only by changing, in the first
sentence thereof, the reference to “Section 4.05 and 4.08 and Article X hereof” to “Section 4.05, Section 5.04
and Article X of the Base Indenture and Sections 2.6, 2.7, 2.8 and 2.9 of the Second Supplemental Indenture.”

ARTICLE
Three

MISCELLANEOUS PROVISIONS SECTION

Section
3.1         
Ratification of Base Indenture.

Except as expressly modified or amended
hereby, the Base Indenture continues in full force and effect and is in all respects confirmed, ratified and preserved.

Section
3.2         
Governing Law.

This Second Supplemental Indenture and
each Note shall be governed by and construed in accordance with the laws of the State of New York. This Second Supplemental Indenture
is subject to the provisions of the Trust Indenture Act and shall, to the extent applicable, be governed by such provisions.

Section
3.3         
Counterparts.

This Second Supplemental Indenture may
be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts
shall together constitute but one and the same instrument. The exchange of copies of this Second Supplemental Indenture and of
signature pages by facsimile, PDF transmission or other electronic transmission shall constitute effective execution and delivery
of this Second Supplemental Indenture as to the parties hereto and may be used in lieu of the original Second Supplemental Indenture
and signature pages for all purposes.

Section
3.4         
Trustee.

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The Trustee makes no representations
as to the validity or sufficiency of this Second Supplemental Indenture, the Notes or any Guarantee. The statements and recitals
herein are deemed to be those of the Issuer and not of the Trustee. All of the provisions contained in the Base Indenture in respect
of the rights, privileges, immunities, powers and duties of the Trustee shall be applicable in respect of the Notes, any Guarantee
and of this Second Supplemental Indenture as fully and with like effect as if set forth herein in full.

Section
3.5         
Corporate Trust Office.

The Trustee hereby notifies the Issuer
that its corporate trust business is principally administered at its office located at 100 Wall Street, Suite 600, New York, New
York 10005 and, therefore, pursuant to the Indenture, the Corporate Trust Office is such office.

Section
3.6         
Failure or Delay in Performance.

In no event shall the Trustee be responsible
or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly,
forces beyond its control, including, without limitation, strikes, work stoppages, accidents, pandemics, acts of war or terrorism,
civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities,
communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts
which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances.

Section
3.7         
Effect of Second Supplemental Indenture.

This Second Supplemental Indenture is
a supplemental indenture within the meaning of Section 9.01 of the Base Indenture, and the Base Indenture shall be read together
with this Second Supplemental Indenture and shall have the same effect over the Notes, in the same manner as if the provisions
of the Base Indenture and this Second Supplemental Indenture were contained in the same instrument. In all other respects, the
Base Indenture is confirmed by the parties hereto as supplemented by the terms of this Second Supplemental Indenture; provided
that the provisions of this Second Supplemental Indenture apply solely with respect to the Notes.

Section
3.8         
Effect of Headings.

The Article and Section headings herein
are for convenience only and shall not affect the construction hereof.

Section
3.9         
Successors and Assigns.

All covenants and agreements in the Indenture
by the Issuer, the Trustee and the Holders shall bind their successors and assigns, whether so expressed or not.

Section
3.10       Severability
Clause.

    	 	11	 

     

    

In case any provision in the Indenture
or in the Notes shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions
shall not in any way be affected or impaired thereby.

Section
3.11       Benefits
of Second Supplemental Indenture.

Nothing in the Indenture or in the Notes,
express or implied, shall give to any Person, other than the parties thereto, any benefit or any legal or equitable right, remedy
or claim under the Indenture or the Notes.

Section
3.12       WAIVER
OF JURY TRIAL.

EACH OF THE ISSUER AND THE TRUSTEE HEREBY
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING
ARISING OUT OF OR RELATING TO THIS SECOND SUPPLEMENTAL INDENTURE, THE BASE INDENTURE (TO THE EXTENT IT RELATES TO THE NOTES), THE
NOTES, ANY GUARANTEE OR THE TRANSACTION CONTEMPLATED HEREBY.

Section
3.13       Electronic
Notices.

In addition to the foregoing, the Trustee
agrees to accept and act upon notice, instructions or directions pursuant to the Indenture sent by unsecured e-mail, facsimile
transmission or other similar unsecured electronic methods. If the party elects to give the Trustee e-mail or facsimile instructions
(or instructions by a similar electronic method) and the Trustee in its discretion elects to act upon such instructions, the Trustee’s
understanding of such instructions shall be deemed controlling. The Trustee shall not be liable for any losses, costs or expenses
arising directly or indirectly from the Trustee’s reliance upon and compliance with such instructions notwithstanding such
instructions conflict or are inconsistent with a subsequent written instruction. The party providing electronic instructions agrees
to assume all risks arising out of the use of such electronic methods to submit instructions and directions to the Trustee, including
without limitation the risk of the Trustee acting on unauthorized instructions, and the risk or interception and misuse by third
parties.

 

    	 	12	 

     

    

IN WITNESS WHEREOF, the parties
hereto have caused this Second Supplemental Indenture to be duly executed all as of the day and year first above written.

	 	ISSUER:
	 	 	 
	 	LEXINGTON REALTY TRUST, a Maryland real 

estate investment trust, as Issuer of the Notes
	 	 	 
	 	 	 
	 	By:	/s/ Joseph S. Bonventre
	 	 	Name:  Joseph S. Bonventre
	 	 	Title:  Executive Vice President

 

 

 

 

 

[Signature Page to Second Supplemental Indenture]

 

 

    	 	 

     

    

 

	 	TRUSTEE:
	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION,
	 	as Trustee
	 	 	 
	 	 	 
	 	By:	/s/ Hazrat R. Haniff
	 	 	Name:  Hazrat R. Haniff
	 	 	Title:  Assistant Vice President

 

 

 

 

 

 

 

[Signature Page to Second Supplemental Indenture]

 

    	 	 

     

    

EXHIBIT A

THIS GLOBAL SECURITY 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 SECTION 2.02 OF THE BASE INDENTURE, (2) THIS GLOBAL SECURITY MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT
TO SECTION 2.05(a) OF THE BASE INDENTURE, (3) THIS GLOBAL SECURITY MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO
SECTION 2.08 OF THE BASE INDENTURE AND (4) THIS GLOBAL SECURITY MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN
CONSENT OF THE ISSUER.

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 ISSUER OR ITS
AGENT 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.

 

    	 	A-1	 

     

    

[Form of Face of Note]

LEXINGTON
REALTY TRUST

2.700% Senior Notes due 2030

No. 1

CUSIP No.:        529043AE1

ISIN:                  US529043AE19

$400,000,000

Lexington Realty Trust, a Maryland real
estate investment trust (herein called the “the Issuer,” which term includes any successor entity under the
Indenture referred to on the reverse hereof), for value received hereby promises to pay to Cede & Co., or its registered assigns,
the principal sum of FOUR HUNDRED MILLION DOLLARS ($400,000,000), or such lesser amount as is set forth in the Schedule of Increases
or Decreases In Global Security on the other side of this Note, on September 15, 2030 at the office or agency of the Issuer maintained
for that purpose in accordance with the terms of the Indenture, in such coin or currency of the United States of America as at
the time of payment shall be legal tender for the payment of public and private debts, and to pay interest, semi-annually on March
15 and September 15 of each year, commencing March 15, 2021, on said principal sum at said office or agency, in like coin or currency,
at the rate per annum of 2.700%, from the March 15 or September 15, as the case may be, next preceding the date to which interest
has been paid or duly provided for, unless no interest has been paid or duly provided for on the Notes, in which case from August
28, 2020 until payment of said principal sum has been made or duly provided for. The Issuer shall pay interest on any Notes in
certificated form by check mailed to the address of the Person entitled thereto as it appears in the Security Register, or on any
Global Security by wire transfer of immediately available funds to the account of the Depositary or its nominee. The Issuer shall
pay interest to Holders of record on the March 1 or September 1 preceding the applicable or March 15 or September 15 Interest Payment
Date, respectively, in accordance with the terms of the Indenture.

The Issuer promises to pay interest on
overdue principal, premium, if any, and (to the extent that payment of such interest is enforceable under applicable law) interest
at the rate of 1.0% per annum above the rate borne by the Notes.

Reference is made to the further provisions
of this Note set forth on the reverse hereof and the Indenture governing this Note. Such further provisions shall for all purposes
have the same effect as though fully set forth at this place.

This Note shall not be valid or become
obligatory for any purpose until the certificate of authentication hereon shall have been signed manually by the Trustee or a duly
authorized authenticating agent under the Indenture.

 

    	 	A-2	 

     

    

IN WITNESS WHEREOF, the Issuer
has caused this Note to be duly executed.

Dated: August 28, 2020

	 	LEXINGTON REALTY TRUST
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:  Joseph S. Bonventre
	 	 	Title:  Executive Vice President

 

    	 	A-3	 

     

    

TRUSTEE’S
CERTIFICATE OF AUTHENTICATION

This is one of the Notes described in
the within-named Indenture.

Dated: August 28, 2020

	 	U.S. BANK NATIONAL ASSOCIATION,
	 	as Trustee
	 	 	 
	 	 	 
	 	By:	 
	 	 	Authorized Signatory

 

    	 	A-4	 

     

    

[FORM
OF REVERSE SIDE OF NOTE]

Lexington
Realty Trust

2.700% Senior Notes due 2030

This Note is one of a duly authorized
issue of a series of Securities of the Issuer, designated as its 2.700% Senior Notes due 2030 (herein called the “Notes”),
issued under and pursuant to an Indenture, dated as of May 9, 2014 (the “Base Indenture”), by and between the
Issuer and U.S. Bank National Association, as trustee (the “Trustee”), as supplemented by the Second Supplemental
Indenture dated as of August 28, 2020 (the “Second Supplemental Indenture”), between the Issuer and the Trustee
(the Base Indenture, as amended and supplemented by the Second Supplemental Indenture, and as may otherwise be amended and/or modified
from time to time, the “Indenture”), to which Indenture and any indentures supplemental thereto reference is
hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee,
the Issuer, any Guarantor and the Holders of the Notes. Defined terms used but not otherwise defined in this Note shall have the
respective meanings ascribed thereto in the Indenture.

If an Event of Default (other than an
Event of Default specified in Section 6.01(f), 6.01(g) or 6.01(h) of the Base Indenture with respect to the Issuer) occurs and
is continuing, the principal of, premium, if any, and accrued and unpaid interest on all Notes may be declared to be due and payable
by either the Trustee or the Holders of at least twenty five percent (25%) in aggregate principal amount of the Notes then outstanding,
and, upon said declaration the same shall be immediately due and payable. If an Event of Default specified in Section 6.01(f),
6.01(g) or 6.01(h) of the Base Indenture occurs with respect to the Issuer, the principal of and premium, if any, and interest
accrued and unpaid on all the Notes shall be immediately and automatically due and payable without necessity of further action.

The Indenture contains provisions permitting
the Issuer and the Trustee, with the consent of the Holders of not less than a majority in aggregate principal amount of the Notes
at the time outstanding, to execute supplemental indentures adding any provisions to or changing in any manner or eliminating any
of the provisions of the Indenture or of any supplemental indenture or modifying in any manner the rights of the Holders of the
Notes, subject to exceptions set forth in Section 9.02 of the Base Indenture. Subject to the provisions of the Indenture, the Holders
of not less than a majority in aggregate principal amount of the Notes at the time outstanding may, on behalf of the Holders of
all of the Notes, waive any past Default or Event of Default, subject to exceptions set forth in the Indenture.

No reference herein to the Indenture
and no provision of this Note or of the Indenture shall impair, as among the Issuer and the Holder of the Notes, the obligation
of the Issuer, which is absolute and unconditional, to pay the principal of, premium, if any, on and interest on this Note at the
place, at the respective times, at the rate and in the coin or currency herein and in the Indenture prescribed.

Interest on the Notes shall be computed
on the basis of a 360-day year of twelve 30-day months.

    	 	A-5	 

     

    

The Notes are issuable in fully registered
form, without coupons, in denominations of $2,000 principal amount and any multiple of $1,000. At the office or agency of the Issuer
referred to on the face hereof, and in the manner and subject to the limitations provided in the Indenture, without payment of
any service charge but with payment of a sum sufficient to cover any tax, assessment or other governmental charge that may be imposed
in connection with any registration or exchange of Notes, Notes may be exchanged for a like aggregate principal amount of Notes
of any other authorized denominations.

The Issuer shall have the right to redeem
the Notes under certain circumstances as set forth in Section 2.10 of the Second Supplemental Indenture.

The Notes are not subject to redemption
through the operation of any sinking fund.

Except as expressly provided in Article
XV of the Base Indenture, no recourse for the payment of the principal of or any premium or interest on this Note, or for any claim
based hereon or otherwise in respect hereof, and no recourse under or upon any obligation, covenant or agreement of the Issuer
in the Indenture or any supplemental indenture or in any Note, or because of the creation of any indebtedness represented thereby,
shall be had against any incorporator, stockholder, partner, member, manager, employee, agent, officer, trustee, director or subsidiary,
as such, past, present or future, of any Guarantor, the Issuer or any of the Issuer’s Subsidiaries or of any successor thereto,
either directly or through any Guarantor, the Issuer or any of the Issuer’s subsidiaries or of any successor thereto, whether
by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being
expressly understood that all such liability is hereby expressly waived and released as a condition of, and as consideration for,
the execution of the Indenture and the issue of this Note.

 

    	 	A-6	 

     

    

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 Issuer. The agent may substitute another to act for him.

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-7	 

     

    

Schedule
of Increases or Decreases In Global Security *

The following increases and decreases
in this Global Security, have been made:

	
        Date of
        Increase or Decrease
	
        Amount
        of decrease in Principal Amount at maturity of this Global Security
	
        Amount
        of increase in Principal Amount at maturity of this Global Security
	
        Principal
        Amount at maturity of this Global Security following such decrease (or increase)
	
        Signature
        of authorized signatory of Trustee or Custodian

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

* This schedule should be included only if the Note is issued
in global form.

 

    	 	A-8	 

     

    

EXHIBIT B

FORM OF NOTATION OF GUARANTEE

The guarantor listed below (hereinafter
referred to as the “Guarantor,” which term includes any successors or assigns under the Indenture, dated May
9, 2014, (the “Base Indenture”), by and between the Issuer (as defined below) and U.S. Bank National Association,
as trustee (the “Trustee”), as supplemented by the Second Supplemental Indenture dated as of August 28, 2020
(the “Second Supplemental Indenture”), between the Issuer and the Trustee and [REFERENCE APPLICABLE SUPPLEMENTAL
INDENTURE GUARANTOR MUST EXECUTE) (the Base Indenture, as so amended and supplemented, the “Indenture”), has
irrevocably and unconditionally, jointly and severally, guaranteed on a senior unsecured basis the Guarantee Obligations (as defined
in Section 15.01 of the Base Indenture), which include (i) the due and punctual payment of the principal of, premium, if any, and
interest, if any, on the 2.700% Senior Notes due 2030 (the “Notes”) of Lexington Realty Trust, a Maryland real
estate investment trust (the “Issuer”), whether at maturity, by acceleration, call for redemption or otherwise,
the due and punctual payment of interest on the overdue principal and premium, if any, and (to the extent permitted by law) interest
on any interest on the Notes, and the due and punctual performance of all other obligations of the Issuer, to the Holders of the
Notes or the Trustee all in accordance with the terms set forth in Article XV of the Base Indenture, and (ii) in case of any extension
of time of payment or renewal of any Notes or any such other obligations, that the same shall be promptly paid in full when due
or performed in accordance with the terms of the extension or renewal, whether at maturity, by acceleration, call for redemption
or otherwise.

The obligations of the Guarantor to the
Holders of the Notes and to the Trustee pursuant to this Guarantee and the Indenture are expressly set forth in Article XV of the
Base Indenture and reference is hereby made to such Indenture for the precise terms of this Guarantee.

No past, present or future director,
trustee, officer, employee, incorporator, partner, member or stockholder (direct or indirect) of the Guarantor (or any such successor
entity), as such, shall have any liability for any obligations of the Guarantor under this Guarantee or the Indenture or for any
claim based on, in respect of, or by reason of, such obligations or their creation.

The Guarantor hereby waives diligence,
presentment, demand of payment, filing of claims with a court in the event of merger or bankruptcy of the Issuer, any right to
require a proceeding first against the Issuer, the benefit of discussion, protest or notice with respect to the Notes and all demands
whatsoever.

This is a continuing Guarantee and shall
remain in full force and effect and shall be binding upon the Guarantor and its successors and assigns until full and final payment
of all of the Issuer’s obligations under the Notes and Indenture or until legally discharged in accordance with the Indenture
and shall inure to the benefit of the successors and assigns of the Trustee and the Holders of the Notes, and, in the event of
any transfer or assignment of rights by any Holder of the Notes or the Trustee, the rights and privileges herein conferred upon
that party shall

    	 	B-1	 

     

    

automatically extend to and be vested in such transferee
or assignee, all subject to the terms and conditions hereof. This is a Guarantee of payment and performance and not of collectability.

This Guarantee shall not be valid or
obligatory for any purpose until the certificate of authentication on the Note upon which this Guarantee is noted shall have been
signed, in the name and on behalf of the Trustee under the Indenture, manually by one of the authorized officers of the Trustee
under the Indenture or as otherwise permitted under the Indenture.

The obligations of the Guarantor under
this Guarantee shall be limited to the extent necessary to insure that it does not constitute a fraudulent conveyance under applicable
law.

THE TERMS OF ARTICLE XV OF THE INDENTURE
ARE INCORPORATED HEREIN BY REFERENCE.

Capitalized terms used herein have the
same meanings given in the Indenture unless otherwise indicated.

 

    	 	B-2	 

     

    

IN WITNESS WHEREOF, the Guarantor
has caused this notation of Guarantee to be duly executed as of the day and year first above written.

	 	SUBSIDIARY GUARANTOR:
	 	[_____]., a [_____] [_____], as a Subsidiary Guarantor
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:  
	 	 	Title:  

 

 

    	 	B-3EX-4.2

 Exhibit 4.2 

Execution Version 
 TRUST
SUPPLEMENT NO. 2019-1B 
 Dated as of August 27, 2020 

between 
 JETBLUE AIRWAYS
CORPORATION 
 and 
 WILMINGTON
TRUST COMPANY, 
 as Trustee, 

to 
 PASS THROUGH TRUST
AGREEMENT 
 Dated as of November 12, 2019 

JetBlue Airways Pass Through Trust 2019-1B 

JetBlue Airways Pass Through Certificates, Series 2019-1B 

Trust Supplement No. 2019-1B 

JetBlue Airways Aircraft EETC 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I DEFINITIONS
	  	 	2	 
			
	 Section 1.01
	 	Definitions	  	 	2	 
		
	 ARTICLE II DECLARATION OF TRUST
	  	 	9	 
			
	 Section 2.01
	 	Declaration of Trust	  	 	9	 
	 Section 2.02
	 	Permitted Activities	  	 	9	 
		
	 ARTICLE III THE CERTIFICATES
	  	 	9	 
			
	 Section 3.01
	 	The Certificates	  	 	9	 
	 Section 3.02
	 	Terms and Conditions	  	 	9	 
		
	 ARTICLE IV ISSUANCE AND TRANSFER OF THE CLASS B CERTIFICATES
	  	 	11	 
			
	 Section 4.01
	 	Issuance of Class B Certificates	  	 	11	 
	 Section 4.02
	 	Legends	  	 	12	 
	 Section 4.03
	 	Book-Entry Provisions for Global Certificates	  	 	13	 
		
	 ARTICLE V DISTRIBUTION; STATEMENTS TO CERTIFICATEHOLDERS
	  	 	15	 
			
	 Section 5.01
	 	Statements to Certificateholders	  	 	15	 
		
	 ARTICLE VI DEFAULT
	  	 	16	 
			
	 Section 6.01
	 	Purchase Rights of Certificateholders	  	 	16	 
		
	 ARTICLE VII THE TRUSTEE
	  	 	19	 
			
	 Section 7.01
	 	Delivery of Documents; Issuance Date	  	 	19	 
	 Section 7.02
	 	[Reserved]	  	 	20	 
	 Section 7.03
	 	The Trustee	  	 	20	 
	 Section 7.04
	 	Representations and Warranties of the Trustee	  	 	21	 
	 Section 7.05
	 	Trustee Liens	  	 	21	 
		
	 ARTICLE VIII ADDITIONAL AMENDMENT; SUPPLEMENTAL AGREEMENTS
	  	 	22	 
			
	 Section 8.01
	 	Amendment of Sections 5.02 and 6.07 of the Basic Agreement	  	 	22	 
	 Section 8.02
	 	Supplemental Agreements Without Consent of Class B Certificateholders	  	 	23	 
	 Section 8.03
	 	Supplemental Agreements with Consent of Class B Certificateholders	  	 	24	 
	 Section 8.04
	 	Consent of Holders of Certificates Issued under Other Trusts	  	 	24	 
		
	 ARTICLE IX MISCELLANEOUS PROVISIONS
	  	 	24	 
			
	 Section 9.01
	 	Final Termination Date	  	 	24	 
	 Section 9.02
	 	Basic Agreement Ratified	  	 	24	 
	 Section 9.03
	 	Governing Law	  	 	25	 
	 Section 9.04
	 	Counterparts	  	 	25	 

  

			
		  	 Trust Supplement No.
2019-1B

		  	 JetBlue Airways Aircraft EETC

  
 i 

							
	 Section 9.05
	 	Intention of Parties	  	 	25	 
	 Section 9.06
	 	Submission to Jurisdiction	  	 	25	 
	 Section 9.07
	 	Successor and Assigns	  	 	26	 
	 Section 9.08
	 	No Recourse against Others	  	 	26	 
	 Section 9.09
	 	Patriot Act	  	 	26	 

 EXHIBITS 
  

			
	Exhibit A	  	- Form of Certificate
	Exhibit B	  	- DTC Letter of Representations
	
	SCHEDULES
		
	Schedule I	  	- Series B Equipment Notes, Principal Amounts, Maturities and Aircraft
	Schedule II	  	- Note Documents

  

			
		  	 Trust Supplement No.
2019-1B

		  	 JetBlue Airways Aircraft EETC

  
 ii 

 TRUST SUPPLEMENT NO. 2019-1B 

This TRUST SUPPLEMENT NO. 2019-1B, dated as of August 27, 2020 (as amended from time to time, the
“Trust Supplement”), between JETBLUE AIRWAYS CORPORATION, a Delaware corporation (together with any successor in interest pursuant to Section 5.02 of the Basic Agreement, the “Company” or
“JetBlue”) and WILMINGTON TRUST COMPANY, a Delaware trust company, not in its individual capacity but solely as trustee (together with any successor in interest and any successor or other trustee appointed as provided in the Basic
Agreement, the “Trustee”) under the Pass Through Trust Agreement, dated as of November 12, 2019, between the Company and Wilmington Trust Company, a Delaware trust company (the “Basic Agreement”). 

W I T N E S S E T H: 

WHEREAS, the Basic Agreement, which is unlimited as to the aggregate face amount of Certificates that may be issued and authenticated
thereunder, has heretofore been executed and delivered; 
 WHEREAS, the Company is the owner of the twenty-five (25) aircraft described
in Schedule I hereto (each, an “Aircraft” and, collectively, the “Aircraft”) and wishes to finance each Aircraft through the issuance of Equipment Notes; 

WHEREAS, with respect to each Aircraft, pursuant to the indenture relating to such Aircraft, JetBlue has issued, on a non-recourse basis, two series of Equipment Notes on November 12, 2019, and, pursuant to each such indenture as amended on the date hereof, will issue on a recourse basis one additional series of Equipment
Notes, in each case secured by, among other things, such Aircraft and may issue one or more series of Additional Equipment Notes and one or more series of Refinancing Equipment Notes; 

WHEREAS, the Trustee shall hereby declare the creation of the Class B Trust (as defined below) for the benefit of Holders of the
Class B Certificates (as defined below) to be issued in respect of such Class B Trust, and the initial Holders of the Class B Certificates, as grantors of such Class B Trust, by their respective acceptances of the Class B
Certificates, shall join in the creation of the Class B Trust with the Trustee; 
 WHEREAS, all Certificates to be issued by the
Class B Trust will evidence Fractional Undivided Interests in the Class B Trust and will have no rights, benefits or interests in respect of any other separate Trust or the property held therein; 

WHEREAS, pursuant to the terms and conditions of the Basic Agreement, as supplemented by this Trust Supplement, and the Participation
Agreements, the Trustee on behalf of the Class B Trust shall on the Issuance Date purchase the Series B Equipment Notes issued by the Company pursuant to the Indentures relating to the Aircraft having the identical interest rate as, and final
maturity dates not later than the final expected Regular Distribution Date of, the Class B Certificates issued hereunder and shall hold such Series B Equipment Notes in trust for the benefit of the Class B Certificateholders; 

  

					
		 		  	Trust Supplement No. 2019-1B
		 		  	JetBlue Airways Aircraft EETC

 WHEREAS, pursuant to the terms and conditions of the Intercreditor Agreement referred to in
Section 3.02(j) hereof, the Trustee and the other parties thereto will agree to the terms of subordination set forth therein; 

WHEREAS, all of the conditions and requirements necessary to make this Trust Supplement, when duly executed and delivered, a valid, binding
and legal instrument in accordance with its terms and for the purposes herein expressed, have been done, performed and fulfilled, and the execution and delivery of this Trust Supplement in the form and with the terms hereof have been in all respects
duly authorized; and 
 WHEREAS, the Basic Agreement, as supplemented by this Trust Supplement, is subject to the provisions of the Trust
Indenture Act and shall, to the extent applicable, be governed by such provisions. 
 NOW, THEREFORE, in consideration of the mutual
agreements herein contained, and of other good and valuable consideration the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 

ARTICLE I 
 DEFINITIONS

 Section 1.01 Definitions. Unless otherwise specified herein or the context otherwise requires, capitalized terms used but
not defined herein, including in the recitals hereto, shall have the respective meanings set forth, and shall be construed and interpreted in the manner described, in the Basic Agreement. As used herein, the term “Agreement” shall mean the
Basic Agreement, as supplemented by this Trust Supplement. For all purposes of the Basic Agreement as supplemented by this Trust Supplement, the following capitalized terms have the following meanings (any term used herein which is defined in both
this Trust Supplement and the Basic Agreement shall have the meaning assigned thereto in this Trust Supplement for purposes of the Basic Agreement as supplemented by this Trust Supplement). 

Additional Certificateholder: Has the meaning specified in the Intercreditor Agreement. 

Additional Certificates: Has the meaning specified in the Intercreditor Agreement. 

Additional Equipment Notes: Has the meaning specified in the Intercreditor Agreement. 

Additional Trust: Has the meaning specified in the Intercreditor Agreement. 

Additional Trust Agreement: Has the meaning specified in the Intercreditor Agreement. 

Additional Trustee: Has the meaning specified in the Intercreditor Agreement. 

Affiliate: Has the meaning specified in the Intercreditor Agreement. 

  

					
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 Agreement: Has the meaning specified in the first paragraph of
Section 1.01 of this Trust Supplement. 
 Aircraft: Has the meaning specified in the second
recital to this Trust Supplement and shall include any Replacement Aircraft and Substitute Aircraft (each as defined in the applicable Indenture) in replacement or substitution thereof in accordance with the applicable Indenture. 

Applicable Participation Agreement: Has the meaning specified in Section 7.01(b) of this Trust
Supplement. 
 Basic Agreement: Has the meaning specified in the preamble to this Trust Supplement. 

Benefit Plan Investor: (a) Any employee benefit plan (as defined in Section 3(3) of ERISA), that is subject to the fiduciary
provisions of Title I of ERISA, (b) any plan to which Section 4975 of the Code applies and (c) any entity whose underlying assets include plan assets by reason of an employee benefit plan’s or a plan’s investment in the
entity or otherwise. 
 Business Day: Has the meaning specified in the Intercreditor Agreement. 

Certificate: Means a Class AA Certificate, a Class A Certificate or a Class B Certificate, as applicable.

 Certificate Buy-Out Event: Has the meaning specified in the Intercreditor
Agreement. 
 Certificateholder: Means, with respect to any Class of Certificates, the Person in whose name a
Certificate is registered in the Register for the Certificates of such Class. 
 Class: Has the meaning specified in
the Intercreditor Agreement. 
 Class A Certificateholder: Has the meaning specified in the
Intercreditor Agreement. 
 Class A Certificates: Has the meaning specified in the Intercreditor
Agreement. 
 Class A Liquidity Provider: Has the meaning specified in the Intercreditor Agreement.

 Class A Trust: Has the meaning specified in the Intercreditor Agreement. 

Class A Trust Agreement: Has the meaning specified in the Intercreditor Agreement. 

Class A Trustee: Has the meaning specified in the Intercreditor Agreement. 

  

					
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 Class AA Certificateholder: Has the meaning
specified in the Intercreditor Agreement. 
 Class AA Certificates: Has the meaning specified in
the Intercreditor Agreement. 
 Class AA Liquidity Provider: Has the meaning specified in the
Intercreditor Agreement. 
 Class AA Trust: Has the meaning specified in the Intercreditor
Agreement. 
 Class AA Trust Agreement: Has the meaning specified in the Intercreditor Agreement.

 Class AA Trustee: Has the meaning specified in the Intercreditor Agreement. 

Class B Certificateholder: Means, at any time, any Certificateholder of one or more Class B
Certificates. 
 Class B Certificates: Has the meaning specified in Section 3.01 of this Trust
Supplement. 
 Class B Liquidity Facility: Has the meaning specified in the Intercreditor
Agreement. 
 Class B Liquidity Provider: Has the meaning specified in the Intercreditor Agreement.

 Class B Trust: Has the meaning specified in Section 2.01 of this Trust Supplement. 

Code: Means the Internal Revenue Code of 1986, as amended. 

Company: Has the meaning specified in the preamble to this Trust Supplement. 

Corporate Trust Office: Has the meaning specified in the Intercreditor Agreement. 

Definitive Certificates: Has the meaning specified in Section 4.01(e) of this Trust
Supplement. 
 Distribution Date: Means a Regular Distribution Date or a Special Distribution Date. 

DTC: Has the meaning specified in Section 3.02(f) of this Trust Supplement. 

DTC Participants: Has the meaning specified in Section 4.01(b) of this Trust Supplement. 

Equipment Notes: Has the meaning specified in the Intercreditor Agreement. 

  

					
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 ERISA: Means the Employee Retirement Income Security Act of 1974, as
amended. 
 Event of Default: With respect to any Indenture, has the meaning specified in Section 4.01 of such
Indenture. 
 Fractional Undivided Interests: Has the meaning specified in the Intercreditor Agreement. 

Global Certificate: Has the meaning specified in Section 4.01(b) of this Trust Supplement.

 Holder: Means a Certificateholder. 

Indenture: Has the meaning specified in the Intercreditor Agreement. 

Indirect Participants: Has the meaning specified in Section 4.01(b) of this Trust Supplement.

 Intercreditor Agreement: Has the meaning specified in Section 3.02(j) of this Trust
Supplement. 
 Issuance Date: Has the meaning specified in Section 7.01(a) of this Trust
Supplement. 
 JetBlue: Has the meaning specified in the preamble to this Trust Supplement. 

Junior Additional Certificateholder: Means, with respect to any Additional Certificateholder exercising its right to
purchase Certificates under Section 6.01 of this Trust Supplement, any holder of any class of Additional Certificates that rank junior, in priority of payment of “Expected Distributions” for such class under the Intercreditor
Agreement, to the class of Additional Certificates held by such Additional Certificateholder. 
 Liquidity Provider:
Has the meaning specified in the Intercreditor Agreement. 
 Loan Trustee: Means, with respect to any Indenture, the
bank, trust company or other financial institution designated as loan trustee thereunder, and any successor to such loan trustee. 

Note Documents: Means, collectively, the Participation Agreements, the Indentures, each Indenture Supplement (as defined
in any Indenture) and the Equipment Notes. 
 Operative Agreements: Has the meaning specified in the Intercreditor
Agreement. 

  

					
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 Other Agreements: Means (i) the Class AA Trust Agreement,
(ii) the Class A Trust Agreement, (iii) the Basic Agreement as supplemented by a Trust Supplement (as defined in the Basic Agreement) relating to any Additional Trust and (iv) the Basic Agreement as supplemented by a Trust
Supplement (as defined in the Basic Agreement) relating to any Refinancing Trust. 
 Other Trustees: Means the
trustees under the Other Agreements, and any successor or other trustee appointed as provided therein. 
 Other
Trusts: Means the Class AA Trust, the Class A Trust, any Additional Trust or Trusts, or any Refinancing Trust or Trusts, in each case created by the applicable Other Agreement. 

Participation Agreement: Has the meaning specified in the Intercreditor Agreement. 

Paying Agent: Means, with respect to the Class B Certificates, the paying agent maintained and appointed for such
Class B Certificates pursuant to Section 7.12 of the Basic Agreement. 
 Person: Means any individual,
corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, trustee, unincorporated organization or government or any agency or political subdivision thereof. 

Plan: Means (i) a retirement plan or other employee benefit plan or arrangement, including for this purpose an
individual retirement account, annuity or Keogh plan, that is subject to Title I of ERISA or Section 4975 of the Code, (ii) any other entity whose underlying assets are deemed to include the assets of any plan or arrangement described
in (i) above by virtue of the U.S. Department of Labor regulation in 29 CFR §2510.3-101, as modified by Section 3(42) of ERISA (or any successor to such regulation), or (iii) such
a plan or arrangement which is a foreign, church or governmental plan or arrangement exempt from Title I of ERISA and Section 4975 of the Code but subject to a Similar Law. 

Plan Fiduciary: Has the meaning specified in Section 3.02(i) of this Trust Supplement. 

Pool Balance: Means, as of any date, (i) the original aggregate face amount of the Class B Certificates less
(ii) the aggregate amount of all distributions made as of such date in respect of the Class B Certificates other than distributions made in respect of interest or Premium or reimbursement of any costs or expenses incurred in connection
therewith. The Pool Balance as of any date shall be computed after giving effect to any distribution with respect to the payment of principal, if any, of the Series B Equipment Notes or payment with respect to other Trust Property and the
distribution thereof to be made on such date. 

  

					
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 Pool Factor: Means, as of any Distribution Date, the quotient
(rounded to the seventh decimal place) computed by dividing (i) the Pool Balance by (ii) the original aggregate face amount of the Class B Certificates. The Pool Factor as of any Distribution Date shall be computed after giving effect
to any distribution with respect to the payment of principal, if any, of the Series B Equipment Notes or payment with respect to other Trust Property and the distribution thereof to be made on that date. 

Premium: Has the meaning specified in the Intercreditor Agreement. 

Prospectus Supplement: Means the final prospectus supplement, dated August 13, 2020 relating to the offering of the
Class B Certificates. 
 Rating Agencies: Has the meaning specified in the Intercreditor Agreement. 

Refinancing Certificateholders: Has the meaning specified in the Intercreditor Agreement. 

Refinancing Certificate: Has the meaning specified in the Intercreditor Agreement. 

Refinancing Equipment Notes: Has the meaning specified in the Intercreditor Agreement. 

Refinancing Trust: Has the meaning specified in the Intercreditor Agreement. 

Refinancing Trust Agreement: Has the meaning specified in the Intercreditor Agreement. 

Register: Has the meaning specified in the Intercreditor Agreement. 

Registrar: Has the meaning specified in the Basic Agreement. 

Regular Distribution Date: Has the meaning specified in Section 3.02(c) of this Trust
Supplement. 
 Replacement Liquidity Facility: Has the meaning specified in the Intercreditor Agreement. 

Replacement Liquidity Provider: Has the meaning specified in the Intercreditor Agreement. 

Responsible Officer: Has the meaning specified in the Intercreditor Agreement. 

Scheduled Payment: Has the meaning specified in the Intercreditor Agreement. 

Series AA Equipment Notes: Has the meaning specified in the Intercreditor Agreement. 

Series A Equipment Notes: Has the meaning specified in the Intercreditor Agreement. 

  

					
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 Series B Equipment Notes: Has the meaning specified in the
Intercreditor Agreement. 
 Similar Law: Means a foreign, federal, state, or local law which is substantially similar
to the prohibited transaction provisions of Title I of ERISA or Section 4975 of the Code. 
 Special Distribution
Date: Means, with respect to the Class B Certificates, each date on which a Special Payment is to be distributed as specified in this Agreement. 

Special Payment: Means any payment (other than a Scheduled Payment) in respect of, or any proceeds of, any Equipment
Note or the Collateral (as defined in any Indenture). 
 Special Payments Account: Means, with respect to the
Class B Certificates, the account or accounts created and maintained for such series pursuant to Section 4.01(b) of the Basic Agreement (as modified by Section 7.01(c) of this Trust Supplement) and this Trust
Supplement. 
 Subordination Agent: Has the meaning specified in the Intercreditor Agreement. 

Triggering Event: Has the meaning specified in the Intercreditor Agreement. 

Trust: Means the Class AA Trust, the Class A Trust or the Class B Trust, as applicable. 

Trust Indenture Act: Means the Trust Indenture Act of 1939, as amended. 

Trust Property: Means (i) subject to the Intercreditor Agreement, the Series B Equipment Notes held as the property
of the Class B Trust, all monies at any time paid thereon and all monies due and to become due thereunder, (ii) funds from time to time deposited in the Certificate Account and the Special Payments Account and, subject to the Intercreditor
Agreement, any proceeds from the sale by the Trustee pursuant to Article VI of the Basic Agreement of any Equipment Notes and (iii) all rights of the Class B Trust and the Trustee, on behalf of the Class B Trust, under the
Intercreditor Agreement and the Class B Liquidity Facility, including, without limitation, all rights to receive certain payments thereunder, and all monies paid to the Trustee on behalf of the Class B Trust pursuant to the Intercreditor
Agreement or the Class B Liquidity Facility. 
 Trust Supplement: Has the meaning specified in the preamble
hereto. 
 Trustee: Has the meaning specified in the preamble to this Trust Supplement. 

Underwriters: Means Morgan Stanley & Co. LLC and Credit Agricole Securities (USA) Inc. 

  

					
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 Underwriting Agreement: Means the Underwriting Agreement, dated
August 13, 2020 among the Representatives (as defined in the Underwriting Agreement) of the Underwriters and JetBlue, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms. 

ARTICLE II 
 DECLARATION
OF TRUST 
 Section 2.01 Declaration of Trust. The Trustee hereby declares the creation of a Trust, designated the
“JetBlue Airways Pass Through Trust 2019-1B” (the “Class B Trust”), for the benefit of the Holders of the Class B Certificates to be issued in respect of such
Class B Trust, and the initial Holders of the Class B Certificates, as grantors of such Class B Trust, by their respective acceptances of the Class B Certificates, join in the creation of such Class B Trust with the Trustee.
The Trustee, by the execution and delivery of this Trust Supplement, acknowledges its acceptance of all right, title and interest in and to the Trust Property to be acquired pursuant to Section 7.01(b) of this Trust
Supplement and the Participation Agreements and the Trustee will hold such right, title and interest for the benefit of all present and future Holders of the Class B Certificates, upon the trusts set forth in the Basic Agreement and this Trust
Supplement. The provisions of this Section 2.01 supersede and replace the provisions of Section 2.03 of the Basic Agreement with respect to the Class B Trust. 

Section 2.02 Permitted Activities. The Class B Trust may engage only in the transactions contemplated by the Operative
Agreements, subject to Section 9.05 of this Trust Supplement. 
 ARTICLE III 

THE CERTIFICATES 

Section 3.01 The Certificates. There is hereby created a series of Certificates to be issued under this Agreement designated as
“JetBlue Airways Pass Through Certificates, Series 2019-1B” (the “Class B Certificates”). Each Class B Certificate represents a Fractional Undivided Interest
in the Class B Trust created hereby. The Class B Certificates shall be the only instruments evidencing a Fractional Undivided Interest in the Class B Trust. The Class B Certificates do not represent indebtedness of the
Class B Trust, and references herein to interest accruing on the Class B Certificates are included for purposes of computation only. 

Section 3.02 Terms and Conditions. The terms and conditions applicable to the Class B Certificates and the Class B Trust
are as follows: 
 (a) The aggregate face amount of the Class B Certificates that may be authenticated and delivered under this
Agreement (except for Class B Certificates authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Class B Certificates pursuant to Sections 3.03, 3.04, 3.05 and 3.06 of the Basic Agreement
and Section 4.03 of this Trust Supplement) is $115,584,000. 

  

					
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 (b) [Reserved] 

(c) The distribution dates with respect to any payment of Scheduled Payments (each such distribution date, a “Regular Distribution
Date”) shall be each May 15 and each November 15, commencing on November 15, 2020, until payment of all of the Scheduled Payments to be made under the Equipment Notes has been made; provided, however, that, if
any such day shall not be a Business Day, the related distribution shall be made on the next succeeding Business Day without additional interest. 

(d) The Special Distribution Date with respect to the Class B Certificates means any Business Day on which a Special Payment is to be
distributed pursuant to this Agreement. 
 (e) [Reserved] 

(f) The Class B Certificates shall be in the form attached hereto as Exhibit A, shall be Book-Entry Certificates (subject to
Section 3.05(d) of the Basic Agreement and Section 4.03 of this Trust Supplement), and shall be subject to the conditions set forth in the Letter of Representations between the Class B Trust and The Depository
Trust Company and any successor agency thereto (“DTC”), as initial Clearing Agency, attached hereto as Exhibit B. 
 (g) The
proceeds of the offering of Class B Certificates issued by the Class B Trust shall be used on the date hereof to acquire the Series B Equipment Notes described in Schedule I that relate to the Aircraft and to the Note Documents
described in Schedule II. 
 (h) Any Person acquiring or accepting a Class B Certificate or an interest therein will, by such
acquisition or acceptance, be deemed to (i) represent and warrant to the Company, the Loan Trustees and the Trustee that either (A) no assets of a Plan or any trust established with respect to a Plan have been used to purchase or hold
Class B Certificates or an interest therein or (B) the purchase and holding of Class B Certificates or interests therein by such Person are exempt from the prohibited transaction restrictions of ERISA and the Code or provisions of
Similar Law pursuant to one or more prohibited transaction statutory or administrative exemptions or similar exemptions under Similar Law, and (ii) direct the Trustee to invest the assets held in the Trust pursuant to, and take all other
actions contemplated by, the terms and conditions of the Basic Agreement, this Trust Supplement, the Intercreditor Agreement and each Participation Agreement. 

(i) Each Person or transferee of any Class B Certificate or beneficial interest therein that is a Benefit Plan Investor will be deemed to
represent, warrant and agree that (i) none of the Company, the Underwriters or any of their respective affiliates or other persons that provide marketing services, nor any of their affiliates, has provided, and none of them will provide, any
investment recommendation or investment advice on which it, or any fiduciary or other person investing the assets of the Benefit Plan Investor (“Plan Fiduciary”), has relied or will rely as a primary basis in connection with its
decision to invest in the Class B Certificates, and they are not otherwise acting as a fiduciary, as defined in Section 3(21) of ERISA or Section 4975(e)(3) of the Code, to the Benefit Plan Investor or the Plan Fiduciary in connection
with the Benefit Plan Investor’s acquisition of the Class B Certificates; and (ii) the Plan Fiduciary is exercising its own independent judgment in evaluating the investment in the Class B Certificates. 

  

					
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 (j) The Class B Certificates will be subject to the following Intercreditor Agreement
(and to the extent the terms thereof (including the definitions of defined terms) are inconsistent with the terms of this Agreement, such Intercreditor Agreement shall control): that certain Intercreditor Agreement
(2019-1) dated as of November 12, 2019, as amended and restated as of the date hereof, among Wilmington Trust Company, as Trustee, Class AA Trustee and Class A Trustee, Crédit Agricole
Corporate and Investment Bank, acting through its New York Branch, as Class AA Liquidity Provider, Class A Liquidity Provider and Class B Liquidity Provider, and Wilmington Trust Company, as Subordination Agent thereunder (as may be
amended, supplemented or otherwise modified from time to time in accordance with its terms, the “Intercreditor Agreement”). Upon the occurrence of a Certificate Buy-Out Event, the holders of
Class A Certificates, Class B Certificates, Additional Certificates (if any) or Refinancing Certificates (if any) shall have the rights set forth in Article VI hereof. The Trustee and, by acceptance of any Class B Certificate,
each Certificateholder thereof, agrees to be bound by all of the provisions of the Intercreditor Agreement, including the subordination provisions of Section 9.09 thereof. 

(k) [Reserved] 
 (l) The
Class B Certificates will have the benefit of the following liquidity facility: that certain Revolving Credit Agreement (2019-1B), dated as of the date hereof, between Wilmington Trust Company, as
Subordination Agent under the Intercreditor Agreement, as agent and trustee for the Class B Trust, and the Class B Liquidity Provider. 

(m) The Responsible Party is the Company. 

(n) The Company, any other obligor upon the Class B Certificates, and any Affiliate of any thereof may acquire, tender for, purchase, own,
hold, become the pledgee of and otherwise deal with any Class B Certificate. 
 ARTICLE IV 

ISSUANCE AND TRANSFER OF THE CLASS B CERTIFICATES 

Section 4.01 Issuance of Class B Certificates. (a) The Class B Certificates will be issued in minimum
denominations of $2,000 (or such other denomination that is the lowest integral multiple of $1,000 that is, at the time of issuance, equal to at least 1,000 euros) and integral multiples of $1,000 in excess thereof, except that one Certificate may
be issued in a different denomination. Each Class B Certificate shall be dated the date of its authentication. 
 (a) The Class B
Certificates shall be issued initially in the form of one or more global Certificates in definitive, fully registered form without interest coupons, substantially in the form of Exhibit A hereto (each, a “Global Certificate”), duly
executed and authenticated by the Trustee as hereinafter provided. Each Global Certificate will be registered in the name of a nominee for DTC for credit to the account of members of, or participants in,

  

					
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DTC (“DTC Participants”) or to the account of indirect participants that clear through or maintain a custodial relationship with a DTC Participant, either directly or indirectly
(“Indirect Participants”), and will be deposited with the Trustee, at its Corporate Trust Office, as custodian for DTC. The aggregate face amount of a Global Certificate may from time to time be increased or decreased by adjustments
made on the records of DTC or its nominee, or of the Trustee, as custodian for DTC or its nominee for such Global Certificate, which adjustments shall be conclusive as to the aggregate face amount of any such Global Certificate. 

(b) [Reserved] 
 (c) [Reserved]

 (d) Certificated Certificates in registered form shall be issued in substantially the form set forth as Exhibit A hereto (the
“Definitive Certificates”) and shall be issued in fully physical, registered form and shall be typed, printed, lithographed or engraved or produced by any combination of these methods or may be produced in any other manner, all as
determined by the officers of the Trustee executing such Definitive Certificates, as evidenced by their execution of such Definitive Certificates. 

Section 4.02 Legends. (a) Each Global Certificate shall bear the following legend on the face thereof: 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE TRUSTEE OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IN EXCHANGE FOR THIS CERTIFICATE IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS 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. 
 (a) Each Class B Certificate shall
bear the following legend on the face thereof: 
 BY ITS ACQUISITION OR ACCEPTANCE HEREOF, THE HOLDER (A) REPRESENTS AND WARRANTS TO
JETBLUE AIRWAYS CORPORATION, THE LOAN TRUSTEE AND THE TRUSTEE THAT EITHER (1) NO ASSETS OF A PLAN OR ANY TRUST ESTABLISHED WITH RESPECT TO A PLAN HAVE BEEN USED TO PURCHASE OR HOLD THIS CERTIFICATE OR AN INTEREST HEREIN OR (2) THE PURCHASE
AND HOLDING OF THIS CERTIFICATE OR INTEREST HEREIN BY SUCH A PERSON ARE EXEMPT FROM THE PROHIBITED TRANSACTION RESTRICTIONS OF ERISA AND THE CODE OR PROVISIONS OF SIMILAR LAW PURSUANT TO ONE OR MORE PROHIBITED TRANSACTION STATUTORY OR

  

					
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ADMINISTRATIVE EXEMPTIONS OR SIMILAR EXEMPTIONS UNDER SIMILAR LAW, AND (B) DIRECTS THE TRUSTEE TO INVEST IN THE ASSETS HELD IN THE CLASS B TRUST PURSUANT TO THE TERMS AND CONDITIONS
DESCRIBED IN THE PROSPECTUS SUPPLEMENT RELATED THERETO. 
 FURTHER, BY ITS ACQUISITION OR ACCEPTANCE HEREOF, A HOLDER WHO IS AN ERISA PLAN
REPRESENTS AND WARRANTS (I) NONE OF JETBLUE AIRWAYS CORPORATION, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES OR OTHER PERSONS THAT PROVIDE MARKETING SERVICES, NOR ANY OF THEIR AFFILIATES, HAS PROVIDED, AND NONE OF THEM WILL PROVIDE,
ANY INVESTMENT RECOMMENDATION OR INVESTMENT ADVICE ON WHICH IT, OR ANY FIDUCIARY OR OTHER PERSON INVESTING THE ASSETS OF THE BENEFIT PLAN INVESTOR (“PLAN FIDUCIARY”), HAS RELIED OR WILL RELY AS A PRIMARY BASIS IN CONNECTION WITH ITS
DECISION TO INVEST IN THIS CERTIFICATE, AND THEY ARE NOT OTHERWISE ACTING AS A FIDUCIARY, AS DEFINED IN SECTION 3(21) OF ERISA OR SECTION 4975(E)(3) OF THE CODE, TO THE BENEFIT PLAN INVESTOR OR THE PLAN FIDUCIARY IN CONNECTION WITH THE
BENEFIT PLAN INVESTOR’S ACQUISITION OF THIS CERTIFICATE; AND (II) THE PLAN FIDUCIARY IS EXERCISING ITS OWN INDEPENDENT JUDGMENT IN EVALUATING THE INVESTMENT IN THIS CERTIFICATE. 

CERTAIN TERMS USED IN THE FOREGOING PARAGRAPHS SHALL HAVE THE MEANINGS SPECIFIED IN THE AGREEMENT. 

Section 4.03 Book-Entry Provisions for Global Certificates. (a) DTC Participants shall have no rights under this Agreement
with respect to any Global Certificate held on their behalf by DTC, or the Trustee as its custodian, and DTC may be treated by the Trustee and any agent of the Trustee as the absolute owner of such Global Certificate for all purposes whatsoever.
Notwithstanding the foregoing, nothing herein shall prevent the Trustee or any agent of the Trustee from giving effect to any written certification, proxy or other authorization furnished by DTC or shall impair, as between DTC and its DTC
Participants, the operation of customary practices governing the exercise of the rights of a holder of any Class B Certificate. Upon the issuance of any Global Certificate, the Registrar or its duly appointed agent shall record Cede &
Co. or another nominee of DTC as the registered holder of such Global Certificate. 
 (a) Transfers of any Global Certificate shall be
limited to transfers of such Global Certificate in whole, but not in part, to nominees of DTC, DTC’s successor or such successor’s nominees. Beneficial interests in Global Certificates may be transferred in accordance with the rules and
procedures of DTC and the provisions of Section 4.02 of this Trust Supplement. Definitive Certificates shall be delivered to all beneficial owners of beneficial interests in Global Certificates, if (i) DTC notifies the
Trustee in writing that it is no longer willing or able to discharge properly its responsibilities as depositary for the Global Certificates, and a successor depositary is not appointed by the Trustee within 90 days of such notice, (ii) the
Company, at its option, advises the Trustee in writing that it elects to terminate the book-entry 

  

					
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system through DTC or (iii) after the occurrence and during the continuance of an Event of Default, Class B Certificateholders with Fractional Undivided Interests aggregating not less
than a majority in interest in the Class B Trust advise the Trustee, the Company and DTC through DTC Participants in writing that the continuation of a book-entry system through DTC (or a successor thereto) is no longer in the Class B
Certificateholders’ best interests. Neither the Company nor the Trustee shall be liable if the Company or the Trustee is unable to locate a qualified successor clearing system. 

(b) [Reserved] 
 (c) In connection
with the transfer of the entire amount of a Global Certificate to the beneficial owners thereof pursuant to Section 4.03(b) hereof, such Global Certificate shall be deemed to be surrendered to the Trustee for cancellation,
and the Trustee shall execute, authenticate and deliver to each beneficial owner, in exchange for the beneficial interest thereof in such Global Certificate, an equal aggregate face amount of Definitive Certificates of authorized denominations, in
each case as such beneficial owner and related aggregate face amount shall have been identified and otherwise set forth (together with such other information as may be required for the registration of such Definitive Certificates) in registration
instructions that shall have been delivered by or on behalf of DTC to the Trustee. None of the Company, the Registrar, the Paying Agent nor the Trustee shall be liable for any delay in delivery of such registration instructions and each such Person
may conclusively rely on, and shall be protected in relying on, such registration instructions. Upon the issuance of any Definitive Certificate, the Trustee shall recognize the Person in whose name such Definitive Certificate is registered in the
Register as a Certificateholder hereunder. 
 (d) The registered Holder of a Global Certificate may grant proxies and otherwise authorize any
Person, including DTC Participants and Persons that may hold interests through DTC Participants, to take any action which a Holder is entitled to take under this Agreement or the Class B Certificates. 

(e) Neither the Company, nor the Trustee, nor the Registrar, nor the Paying Agent shall have any responsibility or liability for: (i) any
aspect of the records relating to or payments made on account of beneficial ownership interests in the Global Certificates, (ii) maintaining, supervising or reviewing any records relating to such beneficial ownership interests or (iii) the
performance by DTC, any DTC Participant or any Indirect Participant of their respective obligations under the rules, regulations and procedures creating and affecting DTC and its operation or any other statutory, regulatory, contractual or customary
procedures governing their obligations. 

  

					
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 ARTICLE V 

DISTRIBUTION; STATEMENTS TO CERTIFICATEHOLDERS 

Section 5.01 Statements to Certificateholders. (a) On each Regular Distribution Date and Special Distribution Date, the
Trustee will include with each distribution to the Class B Certificateholders a statement, giving effect to the distribution to be made on such Regular Distribution Date or Special Distribution Date, setting forth the following information (per
$1,000 aggregate face amount of Class B Certificates as to clauses (ii) and (iii) below): 
 (i) the
aggregate amount of funds distributed on such Distribution Date under this Agreement, indicating the amount, if any, allocable to each source (including any portion thereof paid by the Class B Liquidity Provider); 

(ii) the amount of such distribution under this Agreement allocable to principal and the amount allocable to Premium (if any);

 (iii) the amount of such distribution under this Agreement allocable to interest (including any portion thereof paid by
the Class B Liquidity Provider); and 
 (iv) the Pool Balance and the Pool Factor. 

With respect to the Class B Certificates registered in the name of DTC or its nominee, on the Record Date prior to each Regular
Distribution Date and Special Distribution Date, the Trustee will request that DTC post on its Internet bulletin board a securities position listing setting forth the names of all the DTC Participants reflected on DTC’s books as holding
interests in the Class B Certificates on such Record Date. On each Regular Distribution Date and Special Distribution Date, the Trustee will mail to each such DTC Participant whose name has been provided by DTC the statement described above and
will make available additional copies as requested by such DTC Participants for forwarding to holders of interests in the Class B Certificates. 

(b) Within a reasonable period of time after the end of each calendar year but not later than the latest date permitted by law, the Trustee
shall furnish to each Person who at any time during such calendar year was a Class B Certificateholder of record a statement containing the sum of the amounts determined pursuant to clauses (a)(i), (a)(ii) and (a)(iii) above for
such calendar year or, in the event such Person was a Class B Certificateholder of record during a portion of such calendar year, for the applicable portion of such year, and such other items as are readily available to the Trustee and which a
Class B Certificateholder may reasonably request as necessary for the purpose of such Certificateholder’s preparation of its United States federal income tax returns or foreign income tax returns. With respect to Class B Certificates
registered in the name of DTC or its nominee, such statement and such other items shall be prepared on the basis of information supplied to the Trustee by the DTC Participants and shall be delivered by the Trustee to such DTC Participants to be
available for forwarding by such DTC Participants to the holders of beneficial interests in the Class B Certificates. 
 (c) Promptly
following the date of any early redemption or purchase of, or any default in the payment of principal or interest in respect of, any of the Series B Equipment Notes held in the Class B Trust, the Trustee shall furnish to Class B
Certificateholders of record on such date a statement setting forth (x) the expected Pool Balances for each subsequent Regular Distribution Date following the date of such early redemption, purchase or default, (y) the related Pool Factors
for such Regular Distribution Dates and (z) the expected principal distribution schedule of the Series B Equipment Notes, in the aggregate, held as Trust Property at the date of such notice. With respect to the Class B Certificates
registered in the name of DTC, 

  

					
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on the date of such early redemption, purchase or default, the Trustee will request from DTC a securities position listing setting forth the names of all DTC Participants reflected on DTC’s
books as holding interests in the Class B Certificates on such date. The Trustee will mail (or, in the case of Global Certificates, send electronically in accordance with DTC’s applicable procedures) to each such DTC Participant the
statement described above and will make available additional copies as requested by such DTC Participant for forwarding to holders of interests in the Class B Certificates. 

(d) [Reserved] 
 (e) The
provisions of this Section 5.01 supersede and replace the provisions of Section 4.03 of the Basic Agreement in their entirety with respect to the Class B Trust. 

ARTICLE VI 
 DEFAULT

 Section 6.01 Purchase Rights of Certificateholders. (a) By acceptance of its Class B Certificate, each
Class B Certificateholder agrees that at any time after the occurrence and during the continuation of a Certificate Buy-Out Event: 

(i) so long as no Additional Certificateholder has elected to exercise its rights to purchase Certificates pursuant to, and given notice of
such election in accordance with, this Section 6.01(a) (upon such election and notification thereof, the right specified in this Section 6.01(a)(i) shall be suspended and (x) upon consummation
of the purchase pursuant to such election, be terminated with respect to such Certificate Buy-Out Event, or (y) upon failure to consummate such purchase on the proposed purchase date, such right shall be
revived), each Class B Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in the Class AA Trust Agreement and the Class A Trust Agreement, all, but
not less than all, of the Class AA Certificates and Class A Certificates upon ten days’ prior written irrevocable notice to the Trustee, the Class AA Trustee, the Class A Trustee and each other Class B
Certificateholder, on the third Business Day following the expiration of such ten-day notice period, provided that (A) if prior to the end of such ten-day
period any other Class B Certificateholder(s) (other than the Company or any of its Affiliates) notifies such purchasing Class B Certificateholder that such other Class B Certificateholder(s) want(s) to participate in such purchase,
then such other Class B Certificateholder(s) (other than the Company or any of its Affiliates) may join with the purchasing Class B Certificateholder to purchase all, but not less than all, of the Class AA Certificates and the
Class A Certificates pro rata based on the Fractional Undivided Interest in the Class B Trust held by each such Class B Certificateholder and (B) upon consummation of such purchase no Class B Certificateholder shall have a
right to purchase the Class AA Certificates and the Class A Certificates pursuant to this Section 6.01(a)(i) during the continuance of such Certificate Buy-Out Event; 

(ii) if any Additional Certificates are issued by an Additional Trust, so long as no Junior Additional Certificateholder (if any) has elected
to exercise its rights to purchase Certificates pursuant to, and given notice of such election in accordance with, this Section 6.01(a) (upon such election and notification thereof, the right specified in this
Section 6.01(a)(ii) 

  

					
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shall be suspended and (x) upon consummation of the purchase pursuant to such election, be terminated with respect to such Certificate Buy-Out Event,
or (y) upon failure to consummate such purchase on the proposed purchase date, such right shall be revived), each Additional Certificateholder (other than the Company or any of its Affiliates) shall have the right (which shall not expire upon
any purchase of the Class AA Certificates and Class A Certificates pursuant to Section 6.01(a)(i)) to purchase, for the purchase price set forth in the Class AA Trust Agreement with respect to the
Class AA Certificates, the Class A Trust Agreement with respect to the Class A Certificates, herein with respect to the Class B Certificates and in the applicable Additional Trust Agreement with respect to any Additional
Certificates that rank senior, in priority of payment of “Expected Distributions” under the Intercreditor Agreement, to the Additional Certificates held by the purchasing Additional Certificateholder, all, but not less than all, of the
Class AA Certificates, the Class A Certificates, the Class B Certificates and any Additional Certificates ranked senior, in priority of payment of “Expected Distributions” under the Intercreditor Agreement, to the Additional
Certificates held by the purchasing Additional Certificateholder upon ten days’ prior written irrevocable notice to the Trustee, the Class AA Trustee, the Class A Trustee, the trustee of any Additional Trust with respect to any
Additional Certificates that rank senior, in priority of payment of “Expected Distributions” under the Intercreditor Agreement, to the Additional Certificates held by the purchasing Additional Certificateholder and each other Additional
Certificateholder of the same class, on the third Business Day following the expiration of such ten-day notice period, provided that (A) if prior to the end of such
ten-day period any other Additional Certificateholder(s) of such class (other than the Company or any of its Affiliates) notifies such purchasing Additional Certificateholder that such other Additional
Certificateholder(s) want(s) to participate in such purchase, then such other Additional Certificateholder(s) (other than the Company or any of its Affiliates) may join with the purchasing Additional Certificateholder to purchase all, but not less
than all, of the Class AA Certificates, the Class A Certificates, the Class B Certificates and such senior Additional Certificates pro rata based on the Fractional Undivided Interest in the applicable Additional Trust held by each
such Additional Certificateholder and (B) upon consummation of such purchase no Additional Certificateholder of such class shall have a right to purchase the Class AA Certificates, the Class A Certificates, the Class B
Certificates and such senior Additional Certificates pursuant to this Section 6.01(a)(ii) during the continuance of such Certificate Buy-Out Event; and 

(iii) if any Refinancing Certificates are issued, each Refinancing Certificateholder shall have the same right (subject to the same terms and
conditions) to purchase Certificates pursuant to this Section 6.01(a) (and to receive notice in connection therewith) as the Certificateholders of the Class that such Refinancing Certificates refinanced. 

The purchase price with respect to the Class B Certificates shall be equal to the Pool Balance of the Class B Certificates, together
with accrued and unpaid interest in respect thereof to the date of such purchase, and any other amounts then due and payable to the Class B Certificateholders under this Agreement, the Intercreditor Agreement, any Series B Equipment Note held
as the property of the Class B Trust or the related Indenture and Participation Agreement or on or in respect of the Class B Certificates but without any Premium, provided, however, that if such purchase occurs after the
Record Date relating to any Distribution Date, such purchase price shall be reduced by the amount to be distributed hereunder on such related 

  

					
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Distribution Date (which deducted amounts shall remain distributable to, and may be retained by, the Class B Certificateholders as of such Record Date); provided, further, that
no such purchase of Class B Certificates pursuant to this Section 6.01(a) shall be effective unless the purchaser(s) shall certify to the Trustee that contemporaneously with such purchase, such purchaser(s) is
purchasing, pursuant to the terms of this Agreement, the Class AA Trust Agreement, the Class A Trust Agreement, the applicable Additional Trust Agreement (if any) or the applicable Refinancing Trust Agreement (as the case may be), and the
Intercreditor Agreement, all of the Class AA Certificates, the Class A Certificates, the Class B Certificates, and, if applicable, the Additional Certificates that rank senior, in priority of payment of “Expected
Distributions” under the Intercreditor Agreement, to the Additional Certificates held by the purchasing Additional Certificateholder(s) and, if applicable, the Refinancing Certificates that are senior to the securities held by such
purchaser(s). Each payment of the purchase price of the Class B Certificates referred to in the first sentence of this paragraph shall be made to an account or accounts designated by the Trustee and each such purchase shall be subject to the
terms of this Section 6.01(a). Each Class B Certificateholder agrees by its acceptance of its Class B Certificate that it will, upon payment from such Additional Certificateholder(s) or Refinancing
Certificateholder(s), as the case may be, of the purchase price set forth in the first sentence of this paragraph, forthwith sell, assign, transfer and convey to the purchaser(s) thereof (without recourse, representation or warranty of any kind
except as to its own acts) all of the right, title, interest and obligation of such Class B Certificateholder in this Agreement, the Intercreditor Agreement, the Class B Liquidity Facility, the Note Documents and all Class B
Certificates held by such Class B Certificateholder (excluding all right, title and interest under any of the foregoing to the extent such right, title or interest is with respect to an obligation not then due and payable as respects any action
or inaction or state of affairs occurring prior to such sale) and the purchaser(s) shall assume all of such Class B Certificateholder’s obligations under this Agreement, the Intercreditor Agreement, the Class B Liquidity Facility, the
Note Documents and all such Class B Certificates. The Class B Certificates will be deemed to be purchased on the date payment of the purchase price is made notwithstanding the failure of any Class B Certificateholder to deliver any
Class B Certificate and, upon such a purchase, (i) the Class B Certificateholders shall have no further rights with respect to the Class B Certificates and (ii) if the purchaser(s) shall so request, each such Class B
Certificateholder will comply with all the provisions of Section 3.04 of the Basic Agreement and the applicable provisions of this Trust Supplement to enable new Class B Certificates to be issued to the purchaser(s) in such denominations
otherwise authorized under this Agreement as it shall request. All charges and expenses in connection with the issuance of any such new Class B Certificates shall be borne by the purchaser(s) thereof. 

(b) This Section 6.01 supplements and, to the extent inconsistent with any provision of Section 6.01(d) of the
Basic Agreement, replaces the provisions of Section 6.01(d) of the Basic Agreement. Notwithstanding anything to the contrary set forth herein or in any Operative Agreement, the provisions of this Section 6.01 may not
be amended in any manner without the consent of each Class AA Certificateholder, each Class A Certificateholder, each Class B Certificateholder and each Additional Certificateholder (if any) or, as the case may be, each Refinancing
Certificateholder (if any) (in each case, other than the Company or any of its Affiliates in its respective capacity as a Certificateholder) that would be adversely affected thereby; provided that the purchase price under
Section 6.01(a) (as in effect on the date hereof) 

  

					
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for any Certificate held by the Company or any of its Affiliates shall not be modified without the prior written consent of the Company. For the avoidance of doubt, if a Certificate Buy-Out Event ceases to exist and another Certificate Buy-Out Event occurs and is continuing, the purchase rights set forth in this Section 6.01
shall be revived notwithstanding any exercise of such rights during the continuance of any preceding Certificate Buy-Out Event. 

ARTICLE VII 
 THE
TRUSTEE 
 Section 7.01 Delivery of Documents; Issuance Date. (a) The Trustee is hereby directed (i) to execute
and deliver the Intercreditor Agreement on or prior to the date of the initial issuance of the Class B Certificates (the “Issuance Date”), in the form delivered to the Trustee by the Company, and (ii) subject to the terms
thereof, to perform its obligations thereunder. Upon request of the Company and the satisfaction or waiver of the closing conditions specified in the Underwriting Agreement, the Trustee shall execute, deliver, authenticate, issue and sell
Class B Certificates in authorized denominations equaling in the aggregate the amount set forth, with respect to the Class B Trust, in Schedule I to the Underwriting Agreement evidencing the entire ownership interest in the Class B
Trust, which amount equals the maximum aggregate principal amount of Series B Equipment Notes which may be purchased by the Trustee. Except as provided in Sections 3.03, 3.05 and 3.06 of the Basic Agreement or Section 4.03
of this Trust Supplement, the Trustee shall not execute, authenticate or deliver Class B Certificates in excess of the aggregate amount specified in this paragraph. The provisions of this Section 7.01(a) supersede and
replace the first three sentences of Section 2.02(a) of the Basic Agreement and the first sentence of Section 3.02(a) of the Basic Agreement, with respect to the Class B Trust. 

(a) On the Issuance Date, the Trustee shall enter into and perform its obligations under the Participation Agreement (the “Applicable
Participation Agreement”) with respect to each Aircraft and cause such certificates, documents and legal opinions relating to the Trustee to be duly delivered as required by the Applicable Participation Agreement. Upon satisfaction of the
conditions specified in the Applicable Participation Agreement, the Trustee shall purchase the applicable Series B Equipment Notes with the proceeds of the Class B Certificates on the Issuance Date. The purchase price of such Series B Equipment
Notes shall equal the principal amount of such Series B Equipment Notes. The provisions of this Section 7.01(b) supersede and replace the provisions of Section 2.02 of the Basic Agreement with respect to the
Class B Trust, and no provisions of the Basic Agreement relating to Postponed Notes and Section 2.02 of the Basic Agreement shall apply to the Class B Trust. 

(b) With respect to the Class B Trust, Section 4.01(b) of the Basic Agreement is superseded and replaced in its entirety with the
following: “The Trustee shall establish and maintain on behalf of the Class B Certificateholders a Special Payments Account as one or more accounts, which shall be non-interest bearing except as
provided in Section 4.04 of the Basic Agreement. The Trustee shall hold the Special Payments Account in trust for the benefit of the Class B Certificateholders and shall make or permit withdrawals therefrom only as provided in the
Agreement or the Intercreditor Agreement. On each day when one or more Special Payments are made to the Trustee under the Intercreditor Agreement, the Trustee, upon receipt thereof, shall immediately deposit the aggregate amount of such Special
Payments in the Special Payments Account.” 

  

					
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 (c) With respect to the Class B Trust, the second sentence of Section 4.02(c) of
the Basic Agreement shall be superseded and replaced in its entirety with the following sentence: “Subject to the provisions of the Intercreditor Agreement: (i) in the event of redemption or purchase of Series B Equipment Notes held in the
Class B Trust, such notice shall be mailed (or, in the case of Global Certificates, sent electronically in accordance with DTC’s applicable procedures) not less than 15 days prior to the Special Distribution Date for the Special Payment
resulting from such redemption or purchase, which Special Distribution Date shall be the date of such redemption or purchase; and (ii) in the case of any other Special Payments, such notice of Special Payment shall be mailed (or, in the case of
Global Certificates, sent electronically in accordance with DTC’s applicable procedures) as soon as practicable after the Trustee has confirmed that it has received funds for such Special Payment and shall state the Special Distribution Date
for such Special Payment, which shall occur 15 days after the date of such notice of Special Payment or (if such 15th day is not practicable) as soon as practicable thereafter.” 

(d) With respect to the Class B Trust, clause (ii) of the third sentence of Section 4.02(c) of the Basic Agreement shall be
amended by deleting in its entirety the parenthetical phrase “(taking into account any payment to be made by the Responsible Party pursuant to Section 2.02(b)).” 

Section 7.02 [Reserved] 

Section 7.03 The Trustee. (a) Subject to Section 7.04 of this Trust Supplement and Section 7.15 of the Basic
Agreement, the Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Trust Supplement or the Intercreditor Agreement or the due execution hereof or thereof by the Company or the other
parties thereto (other than the Trustee), or for or in respect of the recitals and statements contained herein or therein, all of which recitals and statements are made solely by the Company or the other parties thereto (other than the Trustee),
except that the Trustee hereby represents and warrants that each of this Trust Supplement, the Basic Agreement, each Class B Certificate and the Intercreditor Agreement has been executed and delivered by one of its officers who is duly
authorized to execute and deliver such document on its behalf. 
 (a) The Trustee shall at all times be a bank or trust company, organized
and doing business under the laws of the United States or any state thereof, a substantial part of the business of which consists of (i) receiving deposits and making loans or (ii) exercising fiduciary powers similar to those permitted to
national banks by the Comptroller of the Currency, and which is subject to supervision and examination by state or federal authority having supervision over banking institutions. 

  

					
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 Section 7.04 Representations and Warranties of the Trustee. The Trustee hereby
represents and warrants that: 
 (a) the Trustee has full power, authority and legal right to execute, deliver and perform this Trust
Supplement, the Intercreditor Agreement, the Class B Certificates and the Note Documents to which it is or is to become a party and has taken all necessary action to authorize the execution, delivery and performance by it of this Trust
Supplement, the Intercreditor Agreement, the Class B Certificates and the Note Documents to which it is or is to become a party; 
 (b)
the execution, delivery and performance by the Trustee of this Trust Supplement, the Intercreditor Agreement, the Class B Certificates and the Note Documents to which it is or is to become a party (i) will not violate any provision of any
United States federal law or the law of the state of the United States where it is located governing the trust powers of the Trustee or any order, writ, judgment, or decree of any court, arbitrator or governmental authority applicable to the Trustee
or any of its assets, (ii) will not violate any provision of the charter or by-laws of the Trustee, and (iii) will not violate any provision of, or constitute, with or without notice or lapse of
time, a default under, or result in the creation or imposition of, any lien on any properties included in the Trust Property pursuant to the provisions of any mortgage, indenture, contract, agreement or other undertaking to which it is a party,
which violation, default or lien could reasonably be expected to have an adverse effect on the Trustee’s performance or ability to perform its duties hereunder or thereunder or on the transactions contemplated herein or therein; 

(c) the execution, delivery and performance by the Trustee of this Trust Supplement, the Intercreditor Agreement, the Class B Certificates
and the Note Documents to which it is or is to become a party will not require the authorization, consent, or approval of, the giving of notice to, the filing or registration with, or the taking of any other action in respect of, any governmental
authority or agency of the United States or the state of the United States where it is located regulating the corporate trust activities of the Trustee; and 

(d) this Trust Supplement, the Intercreditor Agreement, the Class B Certificates and the Note Documents to which it is or is to become a
party have been, or will be, as applicable, duly executed and delivered by the Trustee and constitute, or will constitute, as applicable, the legal, valid and binding agreements of the Trustee, enforceable against it in accordance with their
respective terms; provided, however, that enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the rights of creditors generally and (ii) general
principles of equity. 
 Section 7.05 Trustee Liens. The Trustee in its individual capacity agrees, in addition to the
agreements contained in Section 7.17 of the Basic Agreement, that it will at its own cost and expense promptly take any action as may be necessary to duly discharge and satisfy in full any Trustee’s Liens on or with respect to the Trust
Property which are attributable to the Trustee in its individual capacity and which are unrelated to the transactions contemplated by the Intercreditor Agreement. 

  

					
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 ARTICLE VIII 

ADDITIONAL AMENDMENT; SUPPLEMENTAL AGREEMENTS 

Section 8.01 Amendment of Sections 5.02 and 6.07 of the Basic Agreement. (a) Section 5.02 of the Basic Agreement shall
be amended, with respect to the Class B Trust, by (i) replacing the phrase “of this Agreement” set forth in paragraph (a) thereof with the phrase “of the Note Documents and of this Agreement”, (ii) replacing the
phrase “under this Agreement” set forth in paragraph (b) thereof with the phrase “under this Agreement and any Note Document” and (iii) deleting the phrase “and an Opinion of Counsel of the Company” in
paragraph (c) thereof. 
 (b) Section 6.07 of the Basic Agreement shall be amended and restated in its entirety with respect to the
Class B Trust to read as follows: 
 “Section 6.07. Certificateholders May Not Bring Suit Except Under Certain
Conditions. 
 A Certificateholder of any series shall not have the right to institute any suit, action or proceeding at law or in equity
or otherwise with respect to this Agreement, the related Trust Supplement or the Certificates or otherwise, or for the appointment of a receiver or for the enforcement of any other remedy under this Agreement, the related Trust Supplement or the
Certificates or otherwise, unless: 
  

	 	(1)	 such Certificateholder previously shall have given written notice to the Trustee of a continuing Event of
Default; 

  

	 	(2)	 Certificateholders holding Certificates of such series evidencing Fractional Undivided Interests aggregating
not less than 25% of the related Trust shall have requested the Trustee in writing to institute such action, suit or proceeding and shall have offered to the Trustee indemnity as provided in Section 7.03(e); 

 

	 	(3)	 the Trustee shall have refused or neglected to institute any such action, suit or proceeding for 60 days after
receipt of such notice, request and offer of indemnity; and 

  

	 	(4)	 no Direction inconsistent with such written request shall have been given to the Trustee during such 60-day period by either Certificateholders holding Certificates of such series evidencing Fractional Undivided Interests aggregating not less than a majority in interest in the related Trust or the Controlling Party
under the related Intercreditor Agreement. 

 Except to the extent provided in any applicable Intercreditor Agreement or
in any applicable Trust Supplement, it is understood and intended that no one or more of the Certificateholders of any series shall have any right in any manner whatsoever hereunder or under the related Trust Supplement or under the Certificates of
such series to (i) surrender, 

  

					
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impair, waive, affect, disturb or prejudice any property in the Trust Property of the related Trust, or the lien of any related Indenture on any property subject thereto, or the rights of the
Certificateholders of such series or the holders of the related Equipment Notes, (ii) obtain or seek to obtain priority over or preference with respect to any other such Certificateholder of such series or (iii) enforce any right under
this Agreement, the related Trust Supplement or under the Certificates of such series, except in the manner provided in this Agreement and for the equal, ratable and common benefit of all the Certificateholders of such series.” 

Section 8.02 Supplemental Agreements Without Consent of Class B Certificateholders. Without limitation of
Section 9.01 of the Basic Agreement, (i) (a) clauses (2) and (3) of such Section 9.01 shall also be deemed to include the Company’s obligations under (in the case of clause (2)), and the Company’s rights and powers
conferred by (in the case of clause (3)), any Participation Agreement, (b) references in clauses (4) and (5) of such Section 9.01 to “any Intercreditor Agreement, any Note Purchase Agreement or any Liquidity Facility” shall
be deemed to refer to “the Intercreditor Agreement, the Class B Liquidity Facility or any Participation Agreement”, (c) references to “any Intercreditor Agreement or any Liquidity Facility” in clause (7) of such
Section 9.01 shall be deemed to refer to “the Intercreditor Agreement, the Class B Liquidity Facility or any Participation Agreement” and (d) references to “any Intercreditor Agreement, any Note Purchase Agreement, any
Indenture or any Liquidity Facility” and to “any Intercreditor Agreement or any Liquidity Facility” in clause (8) of such Section 9.01 shall be deemed to refer to “the Intercreditor Agreement, any Indenture, the
Class B Liquidity Facility or any Participation Agreement”, (ii) under the terms of, and subject to the limitations contained in, Section 9.01 of the Basic Agreement, the Company may (but will not be required to), and the Trustee
(subject to Section 9.03 of the Basic Agreement) shall, at the request of the Company at any time and from time to time, enter into one or more agreements supplemental to any Operative Agreement to provide for the formation of one or more
Additional Trusts in existence at any one time, the issuance of one or more Classes of Additional Certificates from time to time, the purchase by any Additional Trust of applicable Additional Equipment Notes and other matters incidental thereto or
otherwise contemplated by Section 2.01(b) of the Basic Agreement, all as provided in Section 8.01(d) of the Intercreditor Agreement, (iii) under the terms of, and subject to the limitations contained in, Section 9.01 of the Basic
Agreement, the Company may (but will not be required to), and the Trustee (subject to Section 9.03 of the Basic Agreement) shall, at the request of the Company at any time and from time to time, enter into one or more agreements supplemental to
any Operative Agreement to provide for the formation of one or more Refinancing Trusts, the issuance of one or more Classes of Refinancing Certificates, the purchase by any Refinancing Trust of applicable Refinancing Equipment Notes and other
matters incidental thereto or as otherwise contemplated by Section 2.01(b) of the Basic Agreement, all as provided in Section 8.01(c) of the Intercreditor Agreement, and (iv) under the terms of, and subject to the limitations
contained in, Section 9.01 of the Basic Agreement, the Company may (but will not be required to), and the Trustee (subject to Section 9.03 of the Basic Agreement) shall, at the request of the Company at any time and from time to time,
enter into one or more agreements supplemental to any Operative Agreement to provide for the substitution of any Aircraft pursuant to Section 7.04(f) of the related Indenture and other matters incidental thereto. In addition, the following
provisions of Section 9.01 of the Basic Agreement shall be amended, with respect to the Class B Trust, as follows: (A) Section 9.01(6) of the Basic Agreement shall be amended by inserting the phrase “(or to facilitate any

  

					
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listing of any Certificates on any exchange or quotation system) or any requirement of DTC or like depositary,” after the phrase “any exchange or quotation system on which the
Certificates of any series are listed” but before the phrase “or of any regulatory body”; (B) Section 9.01(7) of the Basic Agreement shall be amended by inserting the phrase “to establish or” after the phrase “to
such extent as shall be necessary” but before the phrase “to continue”; and (C) Section 9.01(8) of the Basic Agreement shall be amended by inserting the phrase “, or to evidence the substitution of a Liquidity Provider
with a Replacement Liquidity Provider or to provide for a Replacement Liquidity Facility (and if such Replacement Liquidity Facility is to be comprised of more than one instrument, to incorporate appropriate provisions for multiple instruments for
such Replacement Liquidity Facility for a single pass through trust), all as provided in any Intercreditor Agreement”, after the phrase “one or more Trusts” but before the phrase “and to add to or change”. 

Section 8.03 Supplemental Agreements with Consent of Class B Certificateholders. Without limitation of
Section 9.02 of the Basic Agreement, the provisions of Section 9.02 of the Basic Agreement shall apply to agreements or amendments for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions
of the Class B Liquidity Facility or modifying in any manner the rights and obligations of the Class B Certificateholders under the Class B Liquidity Facility. 

Section 8.04 Consent of Holders of Certificates Issued under Other Trusts. Notwithstanding any provision in
Section 8.02 or Section 8.03 of this Trust Supplement to the contrary, no amendment or modification of Section 6.01 of this Trust Supplement shall be effective unless the
trustee for each Class of Certificates affected by such amendment or modification shall have consented thereto. 
 ARTICLE IX

 MISCELLANEOUS PROVISIONS 

Section 9.01 Final Termination Date. The respective obligations and responsibilities of the Company and the Trustee created hereby
and the Class B Trust created hereby shall terminate upon the distribution to all Class B Certificateholders and the Trustee of all amounts required to be distributed to them pursuant to this Agreement and the disposition of all property
held as part of the Trust Property; provided, however, that in no event shall the Trust created hereby continue beyond one hundred ten (110) years following the date of execution of this Trust Supplement. 

Section 9.02 Basic Agreement Ratified. Except and so far as herein expressly provided, all of the provisions, terms and conditions
of the Basic Agreement are in all respects ratified and confirmed; and the Basic Agreement and this Trust Supplement shall be taken, read and construed as one and the same instrument. To the extent that any provisions of the Basic Agreement are
superseded by any provisions of this Trust Supplement, any reference to such provisions of the Basic Agreement herein or in the Basic Agreement shall be deemed to be references to such provisions of this Trust Supplement. 

  

					
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 Section 9.03 Governing Law. THIS AGREEMENT HAS BEEN DELIVERED IN THE STATE OF
NEW YORK AND THIS AGREEMENT AND THE CLASS B CERTIFICATES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE. 

Section 9.04 Counterparts. This Trust Supplement may be executed in any number of counterparts (and no party shall be required to
execute the same counterpart). Each counterpart of this Trust Supplement including a signature page or pages executed by each of the parties hereto shall be an original counterpart of this Trust Supplement, but all of such counterparts together
constitute one instrument. The parties intend that faxed signatures and electronically imaged signatures such as .pdf files shall constitute original signatures and are binding on all parties. The original documents shall be promptly delivered, if
requested. 
 Section 9.05 Intention of Parties. The parties hereto intend that the Class B Trust be classified for United
States federal income tax purposes as a grantor trust under Subpart E, Part I, Subchapter J, Chapter 1 of Subtitle A of the Code, and not as a trust or association taxable as a corporation or as a partnership. Each Certificateholder of, and each
Person acquiring a beneficial interest in, a Class B Certificate, by its acceptance of its Class B Certificate or a beneficial interest therein, agrees to treat the Class B Trust as a grantor trust for all United States federal, state
and local income tax purposes. The Trustee shall not be authorized or empowered to do anything that would cause the Class B Trust to fail to qualify as a grantor trust for such tax purposes (including as subject to this restriction, acquiring
any Aircraft by bidding the Equipment Notes relating thereto or otherwise, or taking any action with respect to any such Aircraft once acquired). 

Section 9.06 Submission to Jurisdiction Each of the parties hereto, to the extent it may do so under applicable law, for purposes
hereof and of all other Operative Agreements hereby (i) irrevocably submits itself to the non-exclusive jurisdiction of the courts of the State of New York sitting in the City of New York and to the non-exclusive jurisdiction of the United States District Court for the Southern District of New York, for the purposes of any suit, action or other proceeding arising out of this Agreement, the subject matter hereof
or any of the transactions contemplated hereby brought by any party or parties hereto or thereto, or their successors or permitted assigns, (ii) waives, and agrees not to assert, by way of motion, as a defense, or otherwise, in any such suit,
action or proceeding, that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that this Agreement or the subject matter hereof or any of the transactions contemplated
hereby may not be enforced in or by such courts, (iii) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail),
postage prepaid, to each party hereto at its address set forth in Section 12.04 of the Basic Agreement, or at such other address of which the other parties shall have been notified pursuant thereto; and (iv) agrees that nothing herein
shall affect the right to effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction. 

  

					
		 		  	Trust Supplement No. 2019-1B
		 	25	  	JetBlue Airways Aircraft EETC

 Section 9.07 Successor and Assigns. All covenants, agreements, representations
and warranties in this Agreement by the Trustee and the Company shall bind and, to the extent permitted hereby, shall inure to the benefit of and be enforceable by their respective successors and assigns, whether so expressed or not. Any request,
notice, direction, consent, waiver or other instrument or action by any Class B Certificateholder shall bind the successors and assigns of such Class B Certificateholder. 

Section 9.08 No Recourse against Others. No past, present or future director, officer, employee, agent, member, manager, trustee
or stockholder, as such, of the Company or any successor Person shall have any liability for any obligations of the Company or any successor Person, either directly or through the Company or any successor Person, under the Class B Certificates
or this Agreement or for any claim based on, in respect of or by reason of such obligations or their creation, whether by virtue of any rule of law, statute or constitutional provision of by the enforcement of any assessment or by any legal or
equitable proceeding or otherwise. By accepting a Class B Certificate, each Class B Certificateholder agrees to the provisions of this Section 9.08 and waives and releases all such liability. Such waiver and release shall be part of
the consideration for the issue of the Class B Certificates. 
 Section 9.09 Patriot Act. In accordance with the
requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)), the Trustee is required to obtain, verify and record information that identifies its clients,
including the Company, which information may include the name and address of its clients, as well as other information that will allow the Trustee to properly identify its clients. 

[Remainder of Page Intentionally Blank; Signature Pages Follow] 

  

					
		 		  	Trust Supplement No. 2019-1B
		 	26	  	JetBlue Airways Aircraft EETC

 IN WITNESS WHEREOF, the parties have caused this Trust Supplement to be duly executed by
their respective officers thereto duly authorized as of the date first written above. 
  

			
	JETBLUE AIRWAYS CORPORATION
		
	By:	 	 /s/ Ursula L. Hurley

		 	Name: Ursula L. Hurley
		 	Title: Treasurer

 [Signature Page to Trust Supplement
2019-1B] 

 
			
	WILMINGTON TRUST COMPANY, as Trustee
		
	By:	 	 /s/ Anita Roselli Woolery

		 	Name: Anita Roselli Woolery
		 	Title: Vice President

 [Signature Page to Trust Supplement
2019-1B] 
  

 EXHIBIT A to 

TRUST SUPPLEMENT NO. 2019-1B 

FORM OF CERTIFICATE 

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), TO THE TRUSTEE OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IN EXCHANGE FOR THIS CERTIFICATE IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS 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.]1 

BY ITS ACQUISITION OR ACCEPTANCE HEREOF, THE HOLDER (A) REPRESENTS AND WARRANTS TO JETBLUE AIRWAYS CORPORATION, THE LOAN TRUSTEE AND THE
TRUSTEE THAT EITHER (1) NO ASSETS OF A PLAN OR ANY TRUST ESTABLISHED WITH RESPECT TO A PLAN HAVE BEEN USED TO PURCHASE OR HOLD THIS CERTIFICATE OR AN INTEREST HEREIN OR (2) THE PURCHASE AND HOLDING OF THIS CERTIFICATE OR INTEREST HEREIN BY
SUCH A PERSON ARE EXEMPT FROM THE PROHIBITED TRANSACTION RESTRICTIONS OF ERISA AND THE CODE OR PROVISIONS OF SIMILAR LAW PURSUANT TO ONE OR MORE PROHIBITED TRANSACTION STATUTORY OR ADMINISTRATIVE EXEMPTIONS OR SIMILAR EXEMPTIONS UNDER SIMILAR LAW,
AND (B) DIRECTS THE TRUSTEE TO INVEST IN THE ASSETS HELD IN THE CLASS B TRUST PURSUANT TO THE TERMS AND CONDITIONS DESCRIBED IN THE PROSPECTUS SUPPLEMENT RELATED THERETO. 

FURTHER, BY ITS ACQUISITION OR ACCEPTANCE HEREOF, A HOLDER WHO IS AN ERISA PLAN REPRESENTS AND WARRANTS (I) NONE OF JETBLUE AIRWAYS
CORPORATION, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES OR OTHER PERSONS THAT PROVIDE MARKETING SERVICES, NOR ANY OF THEIR AFFILIATES, HAS PROVIDED, AND NONE OF THEM WILL PROVIDE, ANY INVESTMENT RECOMMENDATION OR INVESTMENT ADVICE ON
WHICH IT, OR ANY FIDUCIARY OR OTHER PERSON INVESTING THE ASSETS OF THE BENEFIT PLAN INVESTOR (“PLAN FIDUCIARY”), HAS RELIED OR WILL RELY AS A PRIMARY BASIS IN CONNECTION WITH ITS DECISION TO INVEST IN THIS CERTIFICATE, AND THEY ARE NOT
OTHERWISE ACTING AS A FIDUCIARY, AS DEFINED IN SECTION 3(21) OF ERISA OR SECTION 4975(E)(3) OF THE CODE, TO THE BENEFIT PLAN INVESTOR OR THE PLAN FIDUCIARY IN CONNECTION WITH 

 

	1 	 This legend to appear on Book-Entry Certificates to be deposited with The Depository Trust Company.

  

					
		 		  	Trust Supplement No. 2019-1B
		 	    	  	JetBlue Airways Aircraft EETC

 
THE BENEFIT PLAN INVESTOR’S ACQUISITION OF THIS CERTIFICATE; AND (II) THE PLAN FIDUCIARY IS EXERCISING ITS OWN INDEPENDENT JUDGMENT IN EVALUATING THE INVESTMENT IN THIS CERTIFICATE.

 CERTAIN TERMS USED IN THE FOREGOING PARAGRAPHS SHALL HAVE THE MEANINGS SPECIFIED IN THE AGREEMENT. 

  

					
		 		  	Trust Supplement No. 2019-1B
		 	    	  	JetBlue Airways Aircraft EETC

 [GLOBAL CERTIFICATE]1 

JETBLUE AIRWAYS PASS THROUGH TRUST 2019-1B 

JETBLUE AIRWAYS PASS THROUGH CERTIFICATE, SERIES 2019-1B 

Final Expected Regular Distribution Date: November 15, 2027 

evidencing a fractional undivided interest in the Trust, the property of which includes or will include, among other things, certain
Equipment Notes each secured by an Aircraft owned by JetBlue Airways Corporation 
  

					
	Certificate No. ____	  	$ ____________ Fractional Undivided Interest representing ___% of the Trust per $1,000 face amount	  	 CUSIP No. [____]
 ISIN No. [____]

 THIS CERTIFIES THAT __________ , for value received, is the registered owner of a $_________ (__________
dollars) Fractional Undivided Interest (or such lesser amounts as shall be the aggregate outstanding face amount hereof as set forth in the records of the Trustee) in the JetBlue Airways Pass Through Trust
2019-1B (the “Trust”) created by Wilmington Trust Company, as trustee (together with any successor in interest and any successor or other trustee appointed pursuant to the Trust Supplement
referred to below, the “Trustee”) under a Pass Through Trust Agreement, dated as of November 12, 2019 (the “Basic Agreement”), between Wilmington Trust Company, a Delaware trust company, and JetBlue Airways
Corporation, a Delaware corporation (together with any successor in interest pursuant to Section 5.02 of the Basic Agreement, the “Company”), as supplemented by Trust Supplement No.
2019-1B thereto, dated as of August 27, 2020 (collectively with the Basic Agreement, and as may be amended from time to time, the “Agreement”), between the Trustee and the Company, a
summary of certain of the pertinent provisions of which is set forth below. To the extent not otherwise defined herein, the capitalized terms used herein have the meanings assigned to them in the Agreement. This Certificate is one of the duly
authorized Certificates designated as “JetBlue Airways Pass Through Certificates, Series 2019-1B” (herein called the “Certificates”). This Certificate is issued under and is subject
to the terms, provisions and conditions of the Agreement. By virtue of its acceptance hereof, the Certificateholder of this Certificate assents to and agrees to be bound by all of the provisions of the Agreement and the Intercreditor Agreement,
including the subordination provisions of Section 9.09 of the Intercreditor Agreement. The Trust Property is expected to include certain Equipment Notes and includes all rights of the Trust and the Trustee, on behalf of the Trust, to receive
any payments under the Intercreditor Agreement and the Class B Liquidity Facility. Each issue of the Equipment Notes will be secured by, among other things, a security interest in the Aircraft owned by the Company. 

 

	1 	 To be included on the face of each Global Certificate. 

  

					
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		 	    	  	JetBlue Airways Aircraft EETC

 The Certificates represent Fractional Undivided Interests in the Trust and the Trust
Property, and will have no rights, benefits or interest in respect of any other separate trust established pursuant to the terms of the Basic Agreement for any other series of certificates issued pursuant thereto. 

Subject to and in accordance with the terms of the Agreement and the Intercreditor Agreement, from funds then available to the Trustee, there
will be distributed on each May 15 and each November 15 (each, a “Regular Distribution Date”), commencing on November 15, 2020, to the Person in whose name this Certificate is registered at the close of business on
the 15th day preceding the applicable Regular Distribution Date, an amount in respect of the Scheduled Payments on the Series B Equipment Notes due on such Regular Distribution Date, the receipt
of which has been confirmed by the Trustee, equal to the product of the percentage interest in the Trust evidenced by this Certificate and an amount equal to the sum of such Scheduled Payments. Subject to and in accordance with the terms of the
Agreement and the Intercreditor Agreement, in the event that Special Payments on the Series B Equipment Notes are received by the Trustee, from funds then available to the Trustee, there shall be distributed on the applicable Special Distribution
Date, to the Person in whose name this Certificate is registered at the close of business on the 15th day preceding the applicable Special Distribution Date, an amount in respect of such Special
Payments on the Series B Equipment Notes, the receipt of which has been confirmed by the Trustee, equal to the product of the percentage interest in the Trust evidenced by this Certificate and an amount equal to the sum of such Special Payments so
received. If a Regular Distribution Date or Special Distribution Date is not a Business Day, distribution shall be made on the immediately following Business Day and no interest shall accrue during the intervening period. The Trustee shall mail (or,
in the case of Global Certificates, send electronically in accordance with DTC’s applicable procedures) notice of each Special Payment and the Special Distribution Date therefor to the Certificateholder of this Certificate. 

Distributions on this Certificate will be made by the Trustee by check mailed to the Person entitled thereto, without the presentation or
surrender of this Certificate or the making of any notation hereon, except that with respect to Certificates registered on the Record Date in the name of a Clearing Agency (or its nominee), such distributions shall be made by wire transfer. Except
as otherwise provided in the Agreement and notwithstanding the above, the final distribution on this Certificate will be made after notice mailed (or, in the case of Global Certificates, sent electronically in accordance with DTC’s applicable
procedures) by the Trustee of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency of the Trustee specified in such notice. 

The Certificates do not represent a direct obligation of, or an obligation guaranteed by, or an interest in, the Company, the Trustee, the
Subordination Agent, any Loan Trustee or any Affiliate of any thereof. The Certificates are limited in right of payment, all as more specifically set forth on the face hereof and in the Agreement. All payments or distributions made to
Certificateholders under the Agreement shall be made only from the Trust Property and only to the extent that the Trustee shall have sufficient income or proceeds from the Trust Property to make such payments in accordance with the terms of the
Agreement. Each Certificateholder of this Certificate, by its acceptance hereof, agrees that it will look solely to the 

  

					
		 		  	Trust Supplement No. 2019-1B
		 	    	  	JetBlue Airways Aircraft EETC

 
income and proceeds from the Trust Property to the extent available for any payment or distribution to such Certificateholder pursuant to the terms of the Agreement and that it will not have any
recourse to the Company, the Trustee, the Loan Trustees or any Affiliate of any thereof except as otherwise expressly provided in the Agreement, in any Note Document or in the Intercreditor Agreement. This Certificate does not purport to summarize
the Agreement and reference is made to the Agreement for information with respect to the interests, rights, benefits, obligations, proceeds and duties evidenced hereby. A copy of the Agreement may be examined during normal business hours at the
principal office of the Trustee, and at such other places, if any, designated by the Trustee, by any Certificateholder upon request. 
 The
Agreement permits, with certain exceptions therein provided, the amendment thereof, and the modification of the rights and obligations of the Company and the rights of the Certificateholders under the Agreement, at any time by the Company and the
Trustee with the consent of the Certificateholders holding Certificates evidencing Fractional Undivided Interests aggregating not less than a majority in interest in the Trust. Any such consent by the Certificateholder of this Certificate shall be
conclusive and binding on such Certificateholder and upon all future Certificateholders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange hereof or in lieu hereof whether or not notation of such consent is
made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Certificateholders of any of the Certificates. 

As provided in the Agreement and subject to certain limitations set forth therein, the transfer of this Certificate is registrable in the
Register upon surrender of this Certificate for registration of transfer at the offices or agencies maintained by the Trustee in its capacity as Registrar, or by any successor Registrar, duly endorsed or accompanied by a written instrument of
transfer in form satisfactory to the Trustee and the Registrar, duly executed by the Certificateholder hereof or such Certificateholder’s attorney duly authorized in writing, and thereupon one or more new Certificates of authorized
denominations evidencing the same aggregate Fractional Undivided Interest in the Trust will be issued to the designated transferee or transferees. 

The Certificates are issuable only as registered Certificates without coupons in minimum denominations of $2,000 (or such other denomination
that is the lowest integral multiple of $1,000 that is, at the time of issuance, equal to at least 1,000 euros) Fractional Undivided Interest and integral multiples of $1,000 in excess thereof except that one Certificate may be issued in a different
denomination. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of authorized denominations evidencing the same aggregate Fractional Undivided Interest in the
Trust, as requested by the Certificateholder surrendering the same. 
 No service charge will be made for any such registration of transfer
or exchange, but the Trustee shall require payment of a sum sufficient to cover any tax or governmental charge payable in connection therewith. 

The Company, the Trustee, the Registrar and any Paying Agent shall deem and treat the Person in whose name this Certificate is registered as
the owner hereof for all purposes, and none of the Company, the Trustee, the Registrar or any such agent shall be affected by any notice to the contrary. 

  

					
		 		  	Trust Supplement No. 2019-1B
		 	    	  	JetBlue Airways Aircraft EETC

 Each Certificateholder and Person with a beneficial interest herein, by its acceptance of
this Certificate or such interest, agrees to treat the Trust as a grantor trust for all U.S. federal, state and local income tax purposes. 

The obligations and responsibilities created by the Agreement and the Trust created thereby shall terminate upon the distribution to
Certificateholders of all amounts required to be distributed to them pursuant to the Agreement and the disposition of all property held as part of the Trust Property. 

Any Person acquiring or accepting this Certificate or an interest herein will, by such acquisition or acceptance, be deemed to
(a) represent and warrant to the Company, the Loan Trustees and the Trustee that either: (i) no assets of a Plan or any trust established with respect to a Plan have been used to purchase or hold this Certificate or an interest herein or
(ii) the purchase and holding of this Certificate or interest herein by such Person are exempt from the prohibited transaction restrictions of ERISA and the Code or provisions of Similar Law pursuant to one or more prohibited transaction
statutory or administrative exemptions or similar exemptions under Similar Law; and (b) direct the Trustee to invest the assets held in the Trust pursuant to, and take all other actions contemplated by, the terms and conditions of the Basic
Agreement, this Trust Supplement, the Intercreditor Agreement and each Participation Agreement. 
 THIS CERTIFICATE AND THE AGREEMENT
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE. 

Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled
to any benefit under the Agreement or be valid for any purpose. 

  

					
		 		  	Trust Supplement No. 2019-1B
		 	    	  	JetBlue Airways Aircraft EETC

 IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed. 

 

			
	JETBLUE AIRWAYS PASS THROUGH TRUST 2019-1B
		
	By:	 	WILMINGTON TRUST COMPANY,
		 	as Trustee
		
	By:	 	  

		 	Name:
		 	Title:

  

					
		 		  	Trust Supplement No. 2019-1B
		 	    	  	JetBlue Airways Aircraft EETC

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Certificates referred to in the within-mentioned Agreement. 

 

			
	 WILMINGTON TRUST COMPANY, as Trustee

		
	 By:
	 	  

		 	 Authorized Officer

  

					
		 		  	Trust Supplement No. 2019-1B
		 	    	  	JetBlue Airways Aircraft EETC

 [FORM OF TRANSFER NOTICE] 

FOR VALUE RECEIVED the undersigned registered holder hereby sell(s), assign(s) and transfer(s) unto 

Insert Taxpayer Identification No.  
  

                       
                                         

 Please print or typewrite name and address including zip code of assignee 
  

                       
                                         

 the within Certificate and all rights thereunder, hereby irrevocably constituting and appointing _______________________ attorney to transfer said
Certificate on the books of the Trustee with full power of substitution in the premises. 
  

			
	Date: _____________	  	                                      
                                         
                 
		  	NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within-mentioned instrument in every particular, without alteration or any change whatsoever.
		
		  	SIGNATURE GUARANTEE:                            

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the
Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to,
or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended. 

  

					
		 		  	Trust Supplement No. 2019-1B
		 	    	  	JetBlue Airways Aircraft EETC

 EXHIBIT B to 

TRUST SUPPLEMENT NO. 2019-1B 

DTC LETTER OF REPRESENTATIONS 

  

					
		 		  	Trust Supplement No. 2019-1B
		 	    	  	JetBlue Airways Aircraft EETC

 The Depository Trust Company 

A subsidiary of the Depository Trust & Clearing Corporation 

ISSUER LETTER OF REPRESENTATIONS 

(To be completed by Issuer and Co-Issuer(s), if applicable) 

JetBlue Airways Pass Through Trust 2019-1B 

 
 (Name of Issuer and Co-Issuer(s), if applicable) 
 [•]% JetBlue Airways Pass Through Certificates, Series 2019-1B 
  

(Security Description, Including series designation if applicable) 

[•] 
  

(CUSIP Number(s) of the Securities) 
  

	
	            [•], 2020        
	        (Date)          

 The Depository Trust Company 

18301 Bermuda Green Drive 
 Tampa, FL 33647 

Attention: Underwriting Department 
 Ladies and Gentlemen: 

This letter sets forth our understanding with respect to the Securities represented by the CUSIP number(s) referenced above (the
“Securities”). Issuer requests that The Depository Trust Company (“DTC”) accept the Securities as eligible for deposit at DTC. 
 Issuer
is: (Note: Issuer must represent one and cross out the other.) 
  

	
	 [         ] [formed under the laws of] Delaware
..                                         
                                         
                      

	
	 The DTC Clearing Participant [•]
                            will distribute the Securities through

 DTC. 
 To induce
DTC to accept the Securities as eligible for deposit at DTC, and to act in accordance with DTC’s Rules with respect to the Securities, Issuer represents to DTC that Issuer will comply with the requirements stated in DTC’s Operational
Arrangements, as they may be amended from time to time. 

  

			
		 	ILOR 06-2013
		 	    

			
		  	Very truly yours,
	Note:	  	
	Schedule A contains statements that DTC believes accurately describe DTC, the method of effecting book-entry transfers of securities distributed through DTC, and certain related matters.	  	 JetBlue Airways Pass Through Trust 2019-1B

By: [•], as Trustee

	  	(Issuer)
	  	 By:

		  	Authorized Officer
		
		  	  

		  	(Print Name)
		
		  	  

		  	(Street Address)
		
		  	  

		  	(City)             (State)         (Country)         (Zip Code)
		
		  	  

		  	(Phone Number)
		
		  	  

		  	(E-mail Address)

  

			
		 	ILOR 06-2013
		 	    

 SCHEDULE A 

(To Issuer Letter of Representations) 

SAMPLE OFFERING DOCUMENT LANGUAGE 

DESCRIBING BOOK-ENTRY-ONLY ISSUANCE 

(Prepared by DTC--bracketed material may be applicable only to certain issues) 

1. The Depository Trust Company (“DTC”), New York, NY, will act as securities depository for the securities (the
“Securities”). The Securities will be issued as fully-registered securities registered in the name of Cede & Co. (DTC’s partnership nominee) or such other name as may be requested by an authorized representative of DTC. One
fully-registered Security certificate will be issued for [each issue of] the Securities, [each] in the aggregate principal amount of such issue, and will be deposited with DTC. [If, however, the aggregate principal amount of [any] issue exceeds
$500 million, one certificate will be issued with respect to each $500 million of principal amount, and an additional certificate will be issued with respect to any remaining principal amount of such issue.] 

2. DTC, the world’s largest securities depository, is a limited-purpose trust company organized under the New York Banking Law, a
“banking organization” within the meaning of the New York Banking Law, a member of the Federal Reserve System, a “clearing corporation” within the meaning of the New York Uniform Commercial Code, and a “clearing agency”
registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934. DTC holds and provides asset servicing for over 3.5 million issues of U.S. and non-U.S. equity issues,
corporate and municipal debt issues, and money market instruments (from over 100 countries) that DTC’s participants (“Direct Participants”) deposit with DTC. DTC also facilitates the post-trade settlement among Direct Participants of
sales and other securities transactions in deposited securities, through electronic computerized book-entry transfers and pledges between Direct Participants’ accounts. This eliminates the need for physical movement of securities certificates.
Direct Participants include both U.S. and non-U.S. securities brokers and dealers, banks, trust companies, clearing corporations, and certain other organizations. DTC is a wholly-owned subsidiary of The
Depository Trust & Clearing Corporation (“DTCC”). DTCC is the holding company for DTC, National Securities Clearing Corporation and Fixed Income Clearing Corporation, all of which are registered clearing agencies. DT CC is owned
by the users of its regulated subsidiaries. Access to the DTC system is also available to others such as both U.S. and non-U.S. securities brokers and dealers, banks, trust companies, and clearing corporations
that clear through or maintain a custodial relationship with a Direct Participant, either directly or indirectly (“Indirect Participants”). DTC has a Standard & Poor’s rating of AA+. The DTC Rules applicable to its
Participants are on file with the Securities and Exchange Commission. More information about DTC can be found at www.dtcc.com. 
 3.
Purchases of Securities under the DTC system must be made by or through Direct Participants, which will receive a credit for the Securities on DTC’s records. The ownership interest of each actual purchaser of each Security (“Beneficial
Owner”) is in turn to be recorded on the Direct and Indirect Participants’ records. Beneficial Owners will not receive written confirmation from DTC of their purchase. Beneficial Owners are, however, expected to receive written
confirmations providing details of the transaction, as well as periodic statements of their holdings, from the Direct or Indirect Participant through which the Beneficial Owner entered into the transaction. Transfers of ownership interests in the
Securities are to be accomplished by entries made on the books of Direct and Indirect Participants acting on behalf of Beneficial Owners. Beneficial Owners will not receive certificates representing their ownership interests in Securities, except in
the event that use of the book-entry system for the Securities is discontinued. 

  

			
		 	ILOR 06-2013
		 	    

 SCHEDULE A 

(To Issuer Letter of Representations) 

4. To facilitate subsequent transfers, all Securities deposited by Direct Participants with DTC are registered in the name of DTC’s
partnership nominee, Cede & Co., or such other name as may be requested by an authorized representative of DTC. The deposit of Securities with DTC and their registration in the name of Cede & Co. or such other DTC nominee do not
effect any change in beneficial ownership. DTC has no knowledge of the actual Beneficial Owners of the Securities; DTC’s records reflect only the identity of the Direct Participants to whose accounts such Securities are credited, which may or
may not be the Beneficial Owners. The Direct and Indirect Participants will remain responsible for keeping account of their holdings on behalf of their customers. 

5. Conveyance of notices and other communications by DTC to Direct Participants, by Direct Participants to Indirect Participants, and by Direct
Participants and Indirect Participants to Beneficial Owners will be governed by arrangements among them, subject to any statutory or regulatory requirements as may be in effect from time to time. [Beneficial Owners of Securities may wish to take
certain steps to augment the transmission to them of notices of significant events with respect to the Securities, such as redemptions, tenders, defaults, and proposed amendments to the Security documents. For example, Beneficial Owners of
Securities may wish to ascertain that the nominee holding the Securities for their benefit has agreed to obtain and transmit notices to Beneficial Owners. In the alternative, Beneficial Owners may wish to provide their names and addresses to the
registrar and request that copies of notices be provided directly to them.] 
 [6. Redemption notices shall be sent to DTC. If less than all
of the Securities within an issue are being redeemed, DTC’s practice is to determine by lot the amount of the interest of each Direct Participant in such issue to be redeemed.] 

6. Neither DTC nor Cede & Co. (nor any other DTC nominee) will consent or vote with respect to Securities unless authorized by a
Direct Participant in accordance with DTC’s MMI Procedures. Under its usual procedures, DTC mails an Omnibus Proxy to Issuer as soon as possible after the record date. The Omnibus Proxy assigns Cede & Co.’ s consenting or voting
rights to those Direct Participants to whose accounts Securities are credited on the record date (identified in a listing attached to the Omnibus Proxy). 

7. Redemption proceeds, distributions, and dividend payments on the Securities will be made to Cede & Co., or such other nominee as
may be requested by an authorized representative of DTC. DTC’ s practice is to credit Direct Participants’ accounts upon DTC’s receipt of funds and corresponding detail information from Issuer or Agent, on payable date in accordance
with their respective holdings shown on DTC’s records. Payments by Participants to Beneficial Owners will be governed by standing instructions and customary practices, as is the case with securities held for the accounts of customers in bearer
form or registered in “street name,” and will be the responsibility of such Participant and not of DTC, Agent, or Issuer, subject to any statutory or regulatory requirements as may be in effect from time to time. Payment of redemption
proceeds, distributions, and dividend payments to Cede & Co. (or such other nominee as may be requested by an authorized representative of DTC) is the responsibility of Issuer or Agent, disbursement of such payments to Direct Participants
will be the responsibility of DTC, and disbursement of such payments to the Beneficial Owners will be the responsibility of Direct and Indirect Participants. 

  

			
		 	ILOR 06-2013
		 	    

 SCHEDULE A 

(To Issuer Letter of Representations) 

[9. A Beneficial Owner shall give notice to elect to have its Securities purchased or tendered, through its Participant, to [
Tender/Remarketing] Agent, and shall effect delivery of such Securities by causing the Direct Participant to transfer the Participant’s interest in the Securities, on DTC’s records, to [Tender/Remarketing] Agent. The requirement for
physical delivery of Securities in connection with an optional tender or a mandatory purchase will be deemed satisfied when the ownership rights in the Securities are transferred by Direct Participants on DTC’s records and followed by a
book-entry credit of tendered Securities to [Tender/Remarketing] Agent’s DTC account.] 
 8. DTC may discontinue providing its services
as depository with respect to the Securities at any time by giving reasonable notice to Issuer or Agent. Under such circumstances, in the event that a successor depository is not obtained, Security certificates are required to be printed and
delivered. 
 9. Issuer may decide to discontinue use of the system of book-entry-only transfers through DT C (or a successor securities
depository). In that event, Security certificates will be printed and delivered to DTC. 
 10. The information in this section concerning DTC
and DTC’s book-entry system has been obtained from sources that Issuer believes to be reliable, but Issuer takes no responsibility for the accuracy thereof. 

  

			
		 	ILOR 06-2013
		 	    

 SCHEDULE I to 

TRUST SUPPLEMENT NO. 2019-1B 

SERIES B EQUIPMENT NOTES, 

PRINCIPAL AMOUNTS, MATURITIES AND AIRCRAFT 
  

							
	 Initial Principal
 Amount of
Series B
 Equipment Notes
	 	 Maturity
	 	 Aircraft
	 	 Aircraft Registration

Number

	$4,327,000	 	November 15, 2027	 	Airbus A321-231	 	N976JT
	$4,352,000	 	November 15, 2027	 	Airbus A321-231	 	N978JB
	$4,397,000	 	November 15, 2027	 	Airbus A321-231	 	N979JT
	$4,443,000	 	November 15, 2027	 	Airbus A321-231	 	N981JT
	$4,459,000	 	November 15, 2027	 	Airbus A321-231	 	N980JT
	$4,533,000	 	November 15, 2027	 	Airbus A321-231	 	N982JB
	$4,551,000	 	November 15, 2027	 	Airbus A321-231	 	N984JB
	$4,551,000	 	November 15, 2027	 	Airbus A321-231	 	N983JT
	$4,596,000	 	November 15, 2027	 	Airbus A321-231	 	N986JB
	$4,603,000	 	November 15, 2027	 	Airbus A321-231	 	N985JT
	$4,616,000	 	November 15, 2027	 	Airbus A321-231	 	N988JT
	$4,618,000	 	November 15, 2027	 	Airbus A321-231	 	N987JT
	$4,638,000	 	November 15, 2027	 	Airbus A321-231	 	N990JL
	$4,634,000	 	November 15, 2027	 	Airbus A321-231	 	N989JT
	$4,639,000	 	November 15, 2027	 	Airbus A321-231	 	N991JT
	$4,723,000	 	November 15, 2027	 	Airbus A321-231	 	N993JE
	$4,723,000	 	November 15, 2027	 	Airbus A321-231	 	N992JB
	$4,664,000	 	November 15, 2027	 	Airbus A321-231	 	N994JL
	$4,664,000	 	November 15, 2027	 	Airbus A321-231	 	N995JL
	$4,733,000	 	November 15, 2027	 	Airbus A321-231	 	N996JL
	$4,733,000	 	November 15, 2027	 	Airbus A321-231	 	N997JL
	$4,812,000	 	November 15, 2027	 	Airbus A321-231	 	N998JE
	$4,812,000	 	November 15, 2027	 	Airbus A321-231	 	N999JQ
	$4,812,000	 	November 15, 2027	 	Airbus A321-231	 	N973JT
	$4,951,000	 	November 15, 2027	 	Airbus A321-231	 	N977JE

  

					
		 		  	Trust Supplement No. 2019-1B
		 	    	  	JetBlue Airways Aircraft EETC

 SCHEDULE II to 

TRUST SUPPLEMENT NO. 2019-1B 

NOTE DOCUMENTS 

Participation Agreement 
 Indenture

 For each of the aircraft listed in Schedule I. 

  

					
		 		  	Trust Supplement No. 2019-1B
		 	    	  	JetBlue Airways Aircraft EETC

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