Document:

Exhibit 4.3

 

[FACE OF INITIAL SECURITY]

 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW
YORK, TO THE COMPANY 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 IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
(AND ANY PAYMENT 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.

 

TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN
WHOLE, BUT NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR
SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY
SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET
FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.

 

THE SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED
IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), AND THE SECURITY EVIDENCED HEREBY MAY NOT BE OFFERED,
SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN
APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THE SECURITY EVIDENCED HEREBY
IS HEREBY NOTIFIED THAT THE SELLER MAY BE RELYING ON THE EXEMPTION FROM
THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A
THEREUNDER. THE HOLDER OF THE SECURITY EVIDENCED HEREBY AGREES FOR THE BENEFIT
OF THE COMPANY THAT (A) SUCH SECURITY MAY BE RESOLD, PLEDGED OR
OTHERWISE TRANSFERRED, PRIOR TO THE DATE THAT IS IN THE CASE OF RULE 144A
NOTES, ONE YEAR, AND IN THE CASE OF REGULATION S NOTES, 40 DAYS AFTER THE LATER
OF THE ORIGINAL ISSUE DATE HEREOF AND THE LAST DATE ON WHICH THE ISSUER OR ANY
AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF
SUCH SECURITY), ONLY (1) (a) FOR SO LONG AS THE NOTES ARE ELIGIBLE
FOR RESALE UNDER RULE 144A, TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A
QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT)
PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL
BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A UNDER THE
SECURITIES ACT, (b) OUTSIDE THE UNITED STATES TO A FOREIGN PERSON IN A
TRANSACTION MEETING THE REQUIREMENTS OF RULE 903 OR RULE 904 OF REGULATION S
UNDER THE SECURITIES ACT, (c) PURSUANT TO AN EXEMPTION FROM REGISTRATION
UNDER THE SECURITIES ACT 

 

 

PROVIDED BY RULE 144 THEREUNDER (IF APPLICABLE) OR (d) IN
ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY
IF THE COMPANY SO REQUESTS), (2) TO THE COMPANY OR (3) PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT AND, IN EACH CASE, IN ACCORDANCE
WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY
OTHER APPLICABLE JURISDICTION AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT
HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER FROM IT OF THE SECURITY EVIDENCED
HEREBY OF THE RESALE RESTRICTIONS SET FORTH IN CLAUSE (A) ABOVE. NO
REPRESENTATION CAN BE MADE AS TO THE AVAILABILITY OF THE EXEMPTION PROVIDED BY
RULE 144 FOR RESALE OF THE SECURITY EVIDENCED HEREBY.

 

 

	
  No.

  	
  $                       

  

 

 63⁄4% Senior Secured Note due 2016

 

CUSIP
No. [            ]

ISIN No. [            ]

 

INTERNATIONAL LEASE FINANCE CORPORATION, a California corporation,
promises to pay to CEDE & CO., or registered assigns, the principal
sum listed on the Schedule of Increases or Decreases in Global Security
attached hereto on September 1, 2016.

 

Interest Payment Dates: March 1 and September 1.

 

Record Dates: February 15 and August 15.

 

Additional provisions of this Security are set forth on the other side
of this Security.

 

 

IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed.

 

	
   

  	
  INTERNATIONAL LEASE FINANCE CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Pamela S. Hendry

  
	
   

  	
   

  	
  Title:

  	
  Senior Vice President and Treasurer

  

 

Dated: August 20, 2010

 

 

CERTIFICATE OF

    AUTHENTICATION

 

 

	
  THE BANK OF NEW YORK MELLON TRUST COMPANY,
  N.A.,

  
	
      as Trustee, certifies
  that this is one of

  
	
      the Securities
  referred to in the Indenture.

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Authorized Signatory

  	
   

  

 

 

[REVERSE SIDE OF INITIAL SECURITY]

 

63⁄4% Senior Secured Note due 2016

 

1.             Interest

 

(a)           INTERNATIONAL LEASE FINANCE
CORPORATION, a California corporation (such corporation, and its successors and
assigns under the Indenture hereinafter referred to, being herein called the “Company”), promises to pay interest on the
principal amount of this Security at the rate per annum shown above.  The Company shall pay interest semiannually
on March 1 and September 1 of each year, commencing March 1,
2011.  Interest on the Securities shall
accrue from the most recent date to which interest has been paid or duly
provided for or, if no interest has been paid or duly provided for, from August 20,
2010 until the principal hereof is due. 
Interest shall be computed on the basis of a 360-day year of twelve
30-day months.  The Company shall pay
interest on overdue principal at the rate borne by the Securities, and it shall
pay interest on overdue installments of interest at the same rate to the extent
lawful.

 

(b)           Registration Rights
Agreement.  The Holder of this Security
is entitled to the benefits of a Registration Rights Agreement, dated as of
August 20, 2010, among the Company and the Representatives on behalf of
the several Initial Purchasers.

 

2.             Method of Payment

 

The Company shall pay interest on the Securities (except defaulted
interest) to the Persons who are registered Holders at the close of business on
the February 15 or August 15 next preceding the interest payment date
even if Securities are canceled after the record date and on or before the
interest payment date (whether or not a Business Day).  The Holders must surrender Securities to a
Paying Agent to collect principal payments. 
The Company shall pay principal and interest in money of the United
States of America that at the time of payment is legal tender for payment of
public and private debts.  Payments in
respect of the Securities represented by a Global Security (including principal
and interest) shall be made by the Paying Agent by wire transfer of immediately
available funds to the accounts specified by The Depository Trust Company or
any successor depositary.  The Company
will make all payments in respect of a certificated Security (including
principal and interest) at the office of each Paying Agent, except that, at the
option of the Company, payment of interest may be made by mailing a check to
the registered address of each Holder thereof; provided, however,
that payments on the Securities may also be made, in the case
of a Holder of at least $1,000,000 aggregate principal amount of Securities, by
wire transfer to a U.S. dollar account maintained by the payee with a bank in
the United States if such Holder elects payment by wire transfer by giving
written notice to the Paying Agent to such effect designating such account no
later than 30 days immediately preceding the relevant due date for payment (or
such other date as the Paying Agent may accept in its discretion).

 

 

3.             Paying Agent,
Security Registrar and Authentication Agent

 

Initially, the Trustee will act as Paying Agent, Security Registrar and
Authentication Agent.  The Company may
appoint and change any Paying Agent or Security Registrar without notice.  The Company or any of its domestically
incorporated wholly owned Subsidiaries may act as Paying Agent or Security
Registrar.

 

4.             Indenture and
Mortgage

 

The Company issued the Securities under an Indenture dated as of August 11,
2010 (the “Indenture”), among the
Company, the Guarantor Parties named therein, and The Bank of New York Mellon
Trust Company, N.A., as Trustee, Paying Agent, Security Registrar and
Authentication Agent (the “Trustee”).  The terms of the Securities include those
stated in the Indenture and those made part of the Indenture by reference to
the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb) as in effect on the
date of the Indenture (the “TIA”).  Terms defined in the Indenture and not
defined herein have the meanings ascribed thereto in the Indenture.  The Securities are subject to all terms and
provisions of the Indenture and entitled to the benefits of the Aircraft
Mortgage and Security and Guaranty Agreement dated as of August 11, 2010
among the Company, the other Grantor Parties party thereto and Wells Fargo Bank
Northwest, National Association, as Security Trustee (the “Mortgage”), and the Holders (as defined in
the Indenture) are referred to the Indenture, the TIA and the Mortgage for a
statement of such terms and provisions.

 

The Securities are senior secured obligations of the Company.

 

5.             Optional
Redemption

 

The Company may redeem the Securities in whole or in part, at any time
prior to maturity, at the option of the Company, at a redemption price equal to
100% of the principal amount of the Securities redeemed plus the Applicable
Premium as of, and accrued and unpaid interest and Additional Interest, if any,
to, the applicable redemption date (subject to the right of holders of record
on the relevant Regular Record Date to receive interest due on the relevant
Interest Payment Date); provided, however, that Collateral held for the benefit
of the Holders as security for the obligations under the Indenture, the
Securities and the Guaranteed Obligations may only be released upon redemption
of the Securities in accordance with the terms of the Mortgage.

 

6.             Sinking Fund

 

The Securities are not subject to any sinking fund.

 

7.             Denominations;
Transfer; Exchange

 

The Securities are in registered form, without coupons, in denominations
of $2,000 and any integral multiple of $1,000 in excess thereof.  A Holder shall register the transfer of or
exchange of Securities in accordance with the Indenture.  Upon any registration of transfer or
exchange, the Security Registrar and the Trustee may require a Holder, among
other things, to furnish appropriate endorsements or transfer documents and to
pay any taxes required by law or 

 

 

permitted by the Indenture. The Security Registrar need not register the
transfer of or exchange of any Securities selected for redemption (except, in
the case of a Security to be redeemed in part, the portion of the Security not
to be redeemed) or to transfer or exchange any Securities for a period of 15
days prior to a selection of Securities to be redeemed.

 

8.             Persons Deemed
Owners

 

The registered Holder of this Security shall be treated as the owner of
it for all purposes.

 

9.             Unclaimed Money

 

If money for the payment of principal or interest remains unclaimed for
two years, the Trustee and a Paying Agent shall pay the money back to the
Company at its written request unless an abandoned property law designates
another Person.  After any such payment,
the Holders entitled to the money must look to the Company for payment as
general creditors and the Trustee and a Paying Agent shall have no further
liability with respect to such monies.

 

10.           Discharge and
Defeasance

 

Subject to certain conditions, the Company at any time may terminate
some of or all its obligations under the Securities and the Indenture if the
Company deposits with the Trustee money or U.S. Government Obligations for the
payment of principal of and interest on the Securities to redemption, or
maturity, as the case may be.

 

11.           Amendment, Waiver

 

The Indenture, the Mortgage and the Securities may be amended or
supplemented as provided in the Indenture and Mortgage.

 

12.           Defaults and
Remedies

 

The Events of Default relating to the Securities are defined in Section 5.01
of the Indenture.  Upon the occurrence of
an Event of Default, the rights and obligations of the Company and the Holders
shall be as set forth in the Indenture.

 

13.           Trustee Dealings
with the Company

 

Subject to certain limitations imposed by the TIA, the Trustee under the
Indenture, in its individual or any other capacity, may become the owner or
pledgee of Securities and may otherwise deal with and collect obligations owed
to it by the Company or its Affiliates and may otherwise deal with the Company
or its Affiliates with the same rights it would have if it were not Trustee.

 

14.           No Recourse
Against Others

 

No director, officer, employee, incorporator or holder of any equity
interests in the Company or any direct or indirect parent corporation, as such,
shall have any liability for any 

 

 

obligations of the Company under the Securities, the Indenture, or the
Mortgage or for any claim based on, in respect of, or by reason of, such
obligations or their creation.  Each
Holder of Securities by accepting a Security waives and releases all such
liability.

 

15.           Authentication

 

This Security shall not be valid until an authorized signatory of the
Trustee (or an authentication agent) manually signs the certificate of
authentication on the other side of this Security.

 

16.           Abbreviations

 

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

 

17.           Governing Law

 

THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

18.           CUSIP
Numbers, ISINs and Common Codes

 

The Company has caused CUSIP numbers and ISINs to be printed on the
Securities and has directed the Trustee to use CUSIP numbers and ISINs.  No representation is made as to the accuracy
of such numbers either as printed on the Securities or as contained in any
notice of redemption and reliance may be placed only on the other
identification numbers placed thereon.

 

The Company will furnish to any Holder of Securities
upon written request and without charge to the Holder a copy of the Indenture
which has in it the text of this Security.

 

 

ASSIGNMENT FORM

 

To assign this Security, fill in the form below:

 

I or we assign and transfer this Security to:

 

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

 

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

  
	
  and irrevocably
  appoint                     agent
  to transfer this Security on the books of the Company. The agent may
  substitute another to act for him.

  
	
   

  
	
   

  
	
   

  
	
  Date:

  	
   

  	
   

  	
  Your Signature:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Sign exactly as your name appears on the other side of this Security.

  

 

 

CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR

REGISTRATION OF TRANSFER RESTRICTED SECURITIES

 

This certificate relates to
$            principal
amount of Securities held in (check applicable space)
        book-entry or        
definitive form by the undersigned.

 

The undersigned:

 

o                                    has requested the Trustee
by written order to deliver in exchange for its beneficial interest in the
Global Security held by the Depositary a Security or Securities in definitive,
registered form of authorized denominations and an aggregate principal amount
equal to its beneficial interest in such Global Security (or the portion
thereof indicated above); and

 

check the following, if applicable:

 

o                                    is an affiliate of the
Company as contemplated in Section 2.2(k) of Appendix A to the
Indenture; or

 

o                                    is exchanging this Security
in connection with an expected transfer to an affiliate of the Company as
contemplated in Section 2.2(k) of Appendix A to the Indenture.

 

o                                    has requested the Trustee
by written order to exchange or register the transfer of a Security or
Securities; and

 

check the following, if applicable:

 

o                                    is an affiliate of the
Company as contemplated in Section 2.2(k) of Appendix A to the
Indenture; or

 

o                                    the transferee is an
affiliate of the Company as contemplated in Section 2.2(k) of
Appendix A to the Indenture.

 

In connection with any transfer of any of the Securities evidenced by
this certificate occurring prior to the expiration of the period referred to in
Rule 144 under the Securities Act, the undersigned confirms that such
Securities are being transferred in accordance with its terms:

 

CHECK ONE BOX BELOW

 

(1)          o    to the Company or
Subsidiary thereof; or

 

(2)          o    to the Security
Registrar for registration in the name of the Holder, without transfer; or

 

(3)          o    pursuant to an
effective registration statement under the Securities Act of 1933; or

 

(4)          o    inside the United
States to a “qualified institutional buyer” (as defined in Rule 144A under
the Securities Act of 1933) that purchases for its own account or for 

 

 

the account of a qualified institutional buyer to whom notice is given
that such transfer is being made in reliance on Rule 144A, in each case
pursuant to and in compliance with Rule 144A under the Securities Act of
1933; or

 

(5)          o    outside the United
States in an offshore transaction within the meaning of Regulation S under the
Securities Act in compliance with Rule 903 or Rule 904 under the
Securities Act of 1933 and such Security shall be held immediately after the
transfer through Euroclear or Clearstream until the expiration of the
Restricted Period (as defined in the Indenture); or

 

(6)          o    pursuant to another
available exemption from registration provided by Rule 144 under the
Securities Act of 1933.

 

Unless one of the boxes is checked, the Security Registrar will refuse
to register any of the Securities evidenced by this certificate in the name of
any Person other than the registered Holder thereof; provided, however,
that if box (4), (5), or (6) is checked, the Security
Registrar may require, prior to registering any such transfer of the
Securities, such legal opinions, certifications and other information as the
Company has reasonably requested to confirm that such transfer is being made
pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act of 1933.

 

	
  Date:

  	
   

  	
   

  	
   

  
	
   

  	
  Your Signature

  

 

 

TO BE COMPLETED BY PURCHASER IF (4) ABOVE IS CHECKED.

 

The undersigned represents and warrants that it is purchasing this
Security for its own account or an account with respect to which it exercises
sole investment discretion and that it and any such account is a “qualified
institutional buyer” within the meaning of Rule 144A under the Securities
Act of 1933, and is aware that the sale to it is being made in reliance on Rule 144A
and acknowledges that it has received such information regarding the Company as
the undersigned has requested pursuant to Rule 144A or has determined not
to request such information and that it is aware that the transferor is relying
upon the undersigned’s foregoing representations in order to claim the
exemption from registration provided by Rule 144A.

 

	
  Date:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  NOTICE: To be executed by an executive officer

  

 

 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY

 

The initial principal amount of this Global Security is $500,000,000(1).  The following increases or decreases in this
Global Security have been made:

 

 

	
  Date
  of Exchange

  	
   

  	
  Amount of decrease in

  Principal Amount of

  this Global Security

  	
   

  	
  Amount of increase in

  Principal Amount of

  this Global Security

  	
   

  	
  Principal amount of

  this Global Security

  following such

  decrease or increase

  	
   

  	
  Signature of

  authorized signatory of

  Trustee or Securities

  Custodian

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

(1)  We
will create the number of 144A Global Notes necessary for the 144A amount and
the number of Reg S Global Notes necessary for the Reg S amount, each in
increments of $500 million for each note or such lesser amount needed to obtain
the total aggregate amount of 144A notes and Reg S notes being issued.

 

 

[FACE OF EXCHANGE SECURITY]

 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW
YORK, TO THE COMPANY 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 IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
(AND ANY PAYMENT 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.

 

TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN
WHOLE, BUT NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR
SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY
SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET
FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.

 

 

	
  No.

  	
  $

  

 

 63⁄4% Senior Secured Note due 2016

 

CUSIP
No. [            ]

ISIN No. [            ]

 

INTERNATIONAL LEASE FINANCE CORPORATION, a California corporation,
promises to pay to CEDE & CO., or registered assigns, the principal
sum listed on the Schedule of Increases or Decreases in Global Security
attached hereto on September 1, 2016.

 

Interest Payment Dates: March 1 and September 1.

 

Record Dates: February 15 and August 15.

 

Additional provisions of this Security are set forth on the other side
of this Security.

 

 

IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed.

 

	
   

  	
  INTERNATIONAL LEASE FINANCE CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Pamela S. Hendry

  
	
   

  	
   

  	
  Title:

  	
  Senior Vice President and Treasurer

  

 

Dated: August 20, 2010

 

 

CERTIFICATE OF

    AUTHENTICATION

 

	
  THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

  
	
      as Trustee, certifies
  that this is one of

  
	
      the Securities
  referred to in the Indenture.

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Authorized Signatory

  	
   

  

 

 

[REVERSE SIDE OF EXCHANGE SECURITY]

 

63⁄4% Senior Secured Note due 2016

 

1.             Interest

 

INTERNATIONAL LEASE FINANCE CORPORATION, a California corporation (such
corporation, and its successors and assigns under the Indenture hereinafter
referred to, being herein called the “Company”),
promises to pay interest on the principal amount of this Security at the rate
per annum shown above.  The Company shall
pay interest semiannually on March 1 and September 1 of each year,
commencing March 1, 2011.  Interest
on the Securities shall accrue from the most recent date to which interest has
been paid or duly provided for or, if no interest has been paid or duly
provided for, from August 20, 2010 until the principal hereof is due.  Interest shall be computed on the basis of a
360-day year of twelve 30-day months. 
The Company shall pay interest on overdue principal at the rate borne by
the Securities, and it shall pay interest on overdue installments of interest
at the same rate to the extent lawful.

 

2.             Method of Payment

 

The Company shall pay interest on the Securities (except defaulted
interest) to the Persons who are registered Holders at the close of business on
the February 15 or August 15 next preceding the interest payment date
even if Securities are canceled after the record date and on or before the
interest payment date (whether or not a Business Day).  The Holders must surrender Securities to a
Paying Agent to collect principal payments. 
The Company shall pay principal and interest in money of the United
States of America that at the time of payment is legal tender for payment of
public and private debts.  Payments in
respect of the Securities represented by a Global Security (including principal
and interest) shall be made by the Paying Agent by wire transfer of immediately
available funds to the accounts specified by The Depository Trust Company or
any successor depositary.  The Company
will make all payments in respect of a certificated Security (including
principal and interest) at the office of each Paying Agent, except that, at the
option of the Company, payment of interest may be made by mailing a check to
the registered address of each Holder thereof; provided, however,
that payments on the Securities
may also be made, in the case of a Holder of at least $1,000,000 aggregate
principal amount of Securities, by wire transfer to a U.S. dollar account
maintained by the payee with a bank in the United States if such Holder elects
payment by wire transfer by giving written notice to the Paying Agent to such
effect designating such account no later than 30 days immediately preceding the
relevant due date for payment (or such other date as the Paying Agent may
accept in its discretion).

 

3.             Paying Agent,
Security Registrar and Authentication Agent

 

Initially, the Trustee will act as Paying Agent, Security Registrar and
Authentication Agent.  The Company may
appoint and change any Paying Agent or Security Registrar without notice.  The Company or any of its domestically
incorporated wholly owned Subsidiaries may act as Paying Agent or Security
Registrar.

 

 

4.             Indenture and
Mortgage

 

The Company issued the Securities under an Indenture dated as of August 11,
2010 (the “Indenture”), among the
Company, the Guarantor Parties named therein, and The Bank of New York Mellon Trust
Company, N.A., as Trustee, Paying Agent, Security Registrar and Authentication
Agent (the “Trustee”).  The terms of the Securities include those
stated in the Indenture and those made part of the Indenture by reference to
the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb) as in effect on the
date of the Indenture (the “TIA”).  Terms defined in the Indenture and not
defined herein have the meanings ascribed thereto in the Indenture.  The Securities are subject to all terms and
provisions of the Indenture and entitled to the benefits of the Aircraft
Mortgage and Security and Guaranty Agreement dated as of August 11, 2010
among the Company, the other Grantor Parties party thereto and Wells Fargo Bank
Northwest, National Association, as Security Trustee (the “Mortgage”), and the Holders (as defined in
the Indenture) are referred to the Indenture, the TIA and the Mortgage for a
statement of such terms and provisions.

 

The Securities are senior secured obligations of the Company.

 

5.             Optional Redemption

 

The Company may redeem the Securities in whole or in part, at any time
prior to maturity, at the option of the Company, at a redemption price equal to
100% of the principal amount of the Securities redeemed plus the Applicable
Premium as of, and accrued and unpaid interest and Additional Interest, if any,
to, the applicable redemption date (subject to the right of holders of record
on the relevant Regular Record Date to receive interest due on the relevant
Interest Payment Date); provided, however, that Collateral held for the benefit
of the Holders as security for the obligations under the Indenture, the
Securities and the Guaranteed Obligations may only be released upon redemption
of the Securities in accordance with the terms of the Mortgage.

 

6.             Sinking Fund

 

The Securities are not subject to any sinking fund.

 

7.             Denominations;
Transfer; Exchange

 

The Securities are in registered form without coupons in denominations
of $2,000 and any integral multiple of $1,000 in excess thereof.  A Holder shall register the transfer of or
exchange of Securities in accordance with the Indenture.  Upon any registration of transfer or
exchange, the Security Registrar and the Trustee may require a Holder, among
other things, to furnish appropriate endorsements or transfer documents and to
pay any taxes required by law or permitted by the Indenture.  The Security Registrar need not register the
transfer of or exchange  any Securities
selected for redemption (except, in the case of a Security to be redeemed in
part, the portion of the Security not to be redeemed) or to transfer or
exchange any Securities for a period of 15 days prior to a selection of
Securities to be redeemed.

 

 

8.             Persons Deemed
Owners

 

The registered Holder of this Security shall be treated as the owner of
it for all purposes.

 

9.             Unclaimed Money

 

If money for the payment of principal or interest remains unclaimed for
two years, the Trustee and a Paying Agent shall pay the money back to the
Company at its written request unless an abandoned property law designates
another Person.  After any such payment,
the Holders entitled to the money must look to the Company for payment as
general creditors and the Trustee and a Paying Agent shall have no further
liability with respect to such monies.

 

10.           Discharge and
Defeasance

 

Subject to certain conditions, the Company at any time may terminate
some of or all its obligations under the Securities and the Indenture if the
Company deposits with the Trustee money or U.S. Government Obligations for the
payment of principal of and interest on the Securities to redemption, or
maturity, as the case may be.

 

11.           Amendment, Waiver

 

The Indenture, the Mortgage and the Securities may be amended or
supplemented as provided in the Indenture and Mortgage.

 

12.           Defaults and Remedies

 

The Events of Default relating to the Securities are defined in Section 5.01
of the Indenture.  Upon the occurrence of
an Event of Default, the rights and obligations of the Company and the Holders
shall be as set forth in the Indenture.

 

13.           Trustee Dealings
with the Company

 

Subject to certain limitations imposed by the TIA, the Trustee under the
Indenture, in its individual or any other capacity, may become the owner or
pledgee of Securities and may otherwise deal with and collect obligations owed
to it by the Company or its Affiliates and may otherwise deal with the Company
or its Affiliates with the same rights it would have if it were not Trustee.

 

14.           No Recourse
Against Others

 

No director, officer, employee, incorporator or holder of any equity
interests in the Company or any direct or indirect parent corporation, as such,
shall have any liability for any obligations of the Company under the
Securities, the Indenture, or the Mortgage or for any claim based on, in
respect of, or by reason of, such obligations or their creation.  Each Holder of Securities by accepting a
Security waives and releases all such liability.

 

 

15.           Authentication

 

This Security shall not be valid until an authorized signatory of the
Trustee (or an authentication agent) manually signs the certificate of
authentication on the other side of this Security.

 

16.           Abbreviations

 

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

 

17.           Governing Law

 

THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

18.           CUSIP
Numbers, ISINs and Common Codes

 

The Company has caused CUSIP numbers and ISINs to be printed on the
Securities and has directed the Trustee to use CUSIP numbers and ISINs.  No representation is made as to the accuracy
of such numbers either as printed on the Securities or as contained in any
notice of redemption and reliance may be placed only on the other
identification numbers placed thereon.

 

The Company will furnish to any Holder of Securities
upon written request and without charge to the Holder a copy of the Indenture
which has in it the text of this Security.

 

 

ASSIGNMENT FORM

 

To assign this Security, fill in the form below:

 

I or we assign and transfer this Security to:

 

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

 

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

  
	
  and irrevocably
  appoint                     agent
  to transfer this Security on the books of the Company. The agent may
  substitute another to act for him.

  
	
   

  
	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
   

  	
   

  	
  Your Signature:

  	
   

  
	
   

  	
   

  	
  Sign exactly as your name appears on the other
  side of this Security.

  

 

 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY

 

The initial principal amount of this Global Security is $500,000,000(1).  The following increases or decreases in this
Global Security have been made:

 

	
  Date
  of Exchange

  	
   

  	
  Amount of decrease in

  Principal Amount of

  this Global Security

  	
   

  	
  Amount of increase in

  Principal Amount of

  this Global Security

  	
   

  	
  Principal amount of

  this Global Security

  following such

  decrease or increase

  	
   

  	
  Signature of

  authorized signatory of

  Trustee or Securities

  Custodian

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

(1)  We will create the number of 144A Global Notes necessary for
the 144A amount and the number of Reg S Global Notes necessary for the Reg S
amount, each in increments of $500 million for each note or such lesser amount
needed to obtain the total aggregate amount of 144A notes and Reg S notes being
issued.Exhibit 4.4

 

[FACE OF INITIAL SECURITY]

 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW
YORK, TO THE COMPANY 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 IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT 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.

 

TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN
WHOLE, BUT NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR
SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY
SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET
FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.

 

THE SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED
IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), AND THE SECURITY EVIDENCED HEREBY MAY NOT BE OFFERED,
SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN
APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THE SECURITY EVIDENCED HEREBY
IS HEREBY NOTIFIED THAT THE SELLER MAY BE RELYING ON THE EXEMPTION FROM
THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A
THEREUNDER. THE HOLDER OF THE SECURITY EVIDENCED HEREBY AGREES FOR THE BENEFIT
OF THE COMPANY THAT (A) SUCH SECURITY MAY BE RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED, PRIOR TO THE DATE THAT IS IN THE CASE OF RULE 144A NOTES, ONE
YEAR, AND IN THE CASE OF REGULATION S NOTES, 40 DAYS AFTER THE LATER OF THE
ORIGINAL ISSUE DATE HEREOF AND THE LAST DATE ON WHICH THE ISSUER OR ANY
AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF
SUCH SECURITY), ONLY (1) (a) FOR SO LONG AS THE NOTES ARE ELIGIBLE
FOR RESALE UNDER RULE 144A, TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A
QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT)
PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL
BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A UNDER THE
SECURITIES ACT, (b) OUTSIDE THE UNITED STATES TO A FOREIGN PERSON IN A
TRANSACTION MEETING THE REQUIREMENTS OF RULE 903 OR RULE 904 OF REGULATION S
UNDER THE SECURITIES ACT, (c) PURSUANT TO AN EXEMPTION FROM REGISTRATION
UNDER THE SECURITIES ACT 

 

 

PROVIDED BY RULE 144 THEREUNDER (IF APPLICABLE) OR (d) IN
ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY
IF THE COMPANY SO REQUESTS), (2) TO THE COMPANY OR (3) PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT AND, IN EACH CASE, IN ACCORDANCE
WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY
OTHER APPLICABLE JURISDICTION AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT
HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER FROM IT OF THE SECURITY EVIDENCED
HEREBY OF THE RESALE RESTRICTIONS SET FORTH IN CLAUSE (A) ABOVE. NO
REPRESENTATION CAN BE MADE AS TO THE AVAILABILITY OF THE EXEMPTION PROVIDED BY
RULE 144 FOR RESALE OF THE SECURITY EVIDENCED HEREBY.

 

 

	
  No.

  	
   

  	
  $

  	
   

  

 

 71/8% Senior Secured Note due 2018

 

CUSIP
No. [            ]

ISIN No. [            ]

 

INTERNATIONAL LEASE FINANCE CORPORATION, a California corporation,
promises to pay to CEDE & CO., or registered assigns, the principal
sum listed on the Schedule of Increases or Decreases in Global Security
attached hereto on September 1, 2018.

 

Interest Payment Dates: March 1 and September 1.

 

Record Dates: February 15 and August 15.

 

Additional provisions of this Security are set forth on the other side
of this Security.

 

 

 

IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed.

 

	
   

  	
  INTERNATIONAL LEASE FINANCE CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name: 

  	
  Pamela S. Hendry

  
	
   

  	
   

  	
  Title:

  	
  Senior Vice President and Treasurer

  
	
   

  	
   

  	
   

  
	
  Dated: August 20, 2010

  	
   

  	
   

  

 

 

CERTIFICATE OF

    AUTHENTICATION

 

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

    as Trustee, certifies that this is one of 

    the Securities referred to in the Indenture.

 

	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Authorized Signatory

  	
   

  

 

 

[REVERSE SIDE OF INITIAL SECURITY]

 

71/8% Senior Secured Note due
2018

 

1.             Interest

 

(a)           INTERNATIONAL LEASE
FINANCE CORPORATION, a California corporation (such corporation, and its
successors and assigns under the Indenture hereinafter referred to, being
herein called the “Company”),
promises to pay interest on the principal amount of this Security at the rate
per annum shown above.  The Company shall
pay interest semiannually on March 1 and September 1 of each year,
commencing March 1, 2011.  Interest
on the Securities shall accrue from the most recent date to which interest has
been paid or duly provided for or, if no interest has been paid or duly
provided for, from August 20, 2010 until the principal hereof is due.  Interest shall be computed on the basis of a
360-day year of twelve 30-day months. 
The Company shall pay interest on overdue principal at the rate borne by
the Securities, and it shall pay interest on overdue installments of interest
at the same rate to the extent lawful.

 

(b)           Registration Rights
Agreement.  The Holder of this Security
is entitled to the benefits of a Registration Rights Agreement, dated as of August 20,
2010, among the Company and the Representatives on behalf of the several
Initial Purchasers.

 

2.             Method of Payment

 

The Company shall pay interest on the Securities (except defaulted
interest) to the Persons who are registered Holders at the close of business on
the February 15 or August 15 next preceding the interest payment date
even if Securities are canceled after the record date and on or before the
interest payment date (whether or not a Business Day).  The Holders must surrender Securities to a
Paying Agent to collect principal payments. 
The Company shall pay principal and interest in money of the United
States of America that at the time of payment is legal tender for payment of
public and private debts.  Payments in
respect of the Securities represented by a Global Security (including principal
and interest) shall be made by the Paying Agent by wire transfer of immediately
available funds to the accounts specified by The Depository Trust Company or
any successor depositary.  The Company will
make all payments in respect of a certificated Security (including principal
and interest) at the office of each Paying Agent, except that, at the option of
the Company, payment of interest may be made by mailing a check to the
registered address of each Holder thereof; provided, however, that payments on the Securities may
also be made, in the case of a Holder of at least $1,000,000 aggregate
principal amount of Securities, by wire transfer to a U.S. dollar account
maintained by the payee with a bank in the United States if such Holder elects
payment by wire transfer by giving written notice to the Paying Agent to such
effect designating such account no later than 30 days immediately preceding the
relevant due date for payment (or such other date as the Paying Agent may
accept in its discretion).

 

 

3.             Paying Agent,
Security Registrar and Authentication Agent

 

Initially, the Trustee will act as Paying Agent, Security Registrar and
Authentication Agent.  The Company may
appoint and change any Paying Agent or Security Registrar without notice.  The Company or any of its domestically
incorporated wholly owned Subsidiaries may act as Paying Agent or Security
Registrar.

 

4.             Indenture and
Mortgage

 

The Company issued the Securities under an Indenture dated as of
August 11, 2010 (the “Indenture”),
among the Company, the Guarantor Parties named therein, and The Bank of New
York Mellon Trust Company, N.A., as Trustee, Paying Agent, Security Registrar
and Authentication Agent (the “Trustee”).  The terms of the Securities include those
stated in the Indenture and those made part of the Indenture by reference to
the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb) as in effect on the
date of the Indenture (the “TIA”).  Terms defined in the Indenture and not defined
herein have the meanings ascribed thereto in the Indenture.  The Securities are subject to all terms and
provisions of the Indenture and entitled to the benefits of the Aircraft
Mortgage and Security and Guaranty Agreement dated as of August 11, 2010 among
the Company, the other Grantor Parties party thereto and Wells Fargo Bank
Northwest, National Association, as Security Trustee (the “Mortgage”), and the Holders (as defined in
the Indenture) are referred to the Indenture, the TIA and the Mortgage for a
statement of such terms and provisions.

 

The Securities are senior secured obligations of the Company.

 

5.             Optional
Redemption

 

The Company may redeem the Securities in whole or in part, at any time
prior to maturity, at the option of the Company, at a redemption price equal to
100% of the principal amount of the Securities redeemed plus the Applicable
Premium as of, and accrued and unpaid interest and Additional Interest, if any,
to, the applicable redemption date (subject to the right of holders of record
on the relevant Regular Record Date to receive interest due on the relevant
Interest Payment Date); provided, however, that Collateral held for the benefit
of the Holders as security for the obligations under the Indenture, the
Securities and the Guaranteed Obligations may only be released upon redemption
of the Securities in accordance with the terms of the Mortgage.

 

6.             Sinking Fund

 

The Securities are not subject to any sinking fund.

 

7.             Denominations;
Transfer; Exchange

 

The Securities are in registered form, without coupons, in denominations
of $2,000 and any integral multiple of $1,000 in excess thereof.  A Holder shall register the transfer of or
exchange of Securities in accordance with the Indenture.  Upon any registration of transfer or exchange,
the Security Registrar and the Trustee may require a Holder, among other
things, to furnish appropriate endorsements or transfer documents and to pay
any taxes required by law or 

 

 

permitted by the Indenture. The Security Registrar need not register the
transfer of or exchange of any Securities selected for redemption (except, in
the case of a Security to be redeemed in part, the portion of the Security not
to be redeemed) or to transfer or exchange any Securities for a period of 15
days prior to a selection of Securities to be redeemed.

 

8.             Persons Deemed
Owners

 

The registered Holder of this Security shall be treated as the owner of
it for all purposes.

 

9.             Unclaimed Money

 

If money for the payment of principal or interest remains unclaimed for
two years, the Trustee and a Paying Agent shall pay the money back to the
Company at its written request unless an abandoned property law designates
another Person.  After any such payment,
the Holders entitled to the money must look to the Company for payment as
general creditors and the Trustee and a Paying Agent shall have no further
liability with respect to such monies.

 

10.           Discharge and
Defeasance

 

Subject to certain conditions, the Company at any time may terminate
some of or all its obligations under the Securities and the Indenture if the
Company deposits with the Trustee money or U.S. Government Obligations for the
payment of principal of and interest on the Securities to redemption, or
maturity, as the case may be.

 

11.           Amendment, Waiver

 

The Indenture, the Mortgage and the Securities may be amended or
supplemented as provided in the Indenture and Mortgage.

 

12.           Defaults and
Remedies

 

The Events of Default relating to the Securities are defined in
Section 5.01 of the Indenture.  Upon
the occurrence of an Event of Default, the rights and obligations of the
Company and the Holders shall be as set forth in the Indenture.

 

13.           Trustee Dealings
with the Company

 

Subject to certain limitations imposed by the TIA, the Trustee under the
Indenture, in its individual or any other capacity, may become the owner or
pledgee of Securities and may otherwise deal with and collect obligations owed
to it by the Company or its Affiliates and may otherwise deal with the Company
or its Affiliates with the same rights it would have if it were not Trustee.

 

14.           No Recourse
Against Others

 

No director, officer, employee, incorporator or holder of any equity
interests in the Company or any direct or indirect parent corporation, as such,
shall have any liability for any 

 

 

obligations of the Company under the Securities, the Indenture, or the
Mortgage or for any claim based on, in respect of, or by reason of, such
obligations or their creation.  Each
Holder of Securities by accepting a Security waives and releases all such
liability.

 

15.           Authentication

 

This Security shall not be valid until an authorized signatory of the
Trustee (or an authentication agent) manually signs the certificate of
authentication on the other side of this Security.

 

16.           Abbreviations

 

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

 

17.           Governing Law

 

THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

18.           CUSIP
Numbers, ISINs and Common Codes

 

The Company has caused CUSIP numbers and ISINs to be printed on the
Securities and has directed the Trustee to use CUSIP numbers and ISINs.  No representation is made as to the accuracy
of such numbers either as printed on the Securities or as contained in any
notice of redemption and reliance may be placed only on the other
identification numbers placed thereon.

 

The Company will furnish to any Holder of Securities
upon written request and without charge to the Holder a copy of the Indenture
which has in it the text of this Security.

 

 

ASSIGNMENT FORM

 

To assign this Security, fill in the form below:

 

I or we assign and transfer this Security to:

 

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

 

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

and irrevocably
appoint                     agent
to transfer this Security on the books of the Company.  The agent may substitute another to act for
him.

 

 

 

	
  Date:

  	
   

  	
   

  	
  Your Signature:

  	
   

  

 

Sign exactly as your name appears on the other side of this Security.

 

 

CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR

REGISTRATION OF TRANSFER RESTRICTED SECURITIES

 

This certificate relates to
$                    
principal amount of Securities held in (check applicable space)
           book-entry or
           definitive form by
the undersigned.

 

The undersigned:

 

o                                    has requested the Trustee
by written order to deliver in exchange for its beneficial interest in the
Global Security held by the Depositary a Security or Securities in definitive,
registered form of authorized denominations and an aggregate principal amount
equal to its beneficial interest in such Global Security (or the portion
thereof indicated above); and

 

check the following, if applicable:

 

o                                    is an affiliate of the
Company as contemplated in Section 2.2(k) of Appendix A to the
Indenture; or

 

o                                    is exchanging this Security
in connection with an expected transfer to an affiliate of the Company as
contemplated in Section 2.2(k) of Appendix A to the Indenture.

 

o                                    has requested the Trustee
by written order to exchange or register the transfer of a Security or
Securities; and

 

check the following, if applicable:

 

o                                    is an affiliate of the
Company as contemplated in Section 2.2(k) of Appendix A to the
Indenture; or

 

o                                    the transferee is an
affiliate of the Company as contemplated in Section 2.2(k) of
Appendix A to the Indenture.

 

In connection with any transfer of any of the Securities evidenced by
this certificate occurring prior to the expiration of the period referred to in
Rule 144 under the Securities Act, the undersigned confirms that such
Securities are being transferred in accordance with its terms:

 

CHECK ONE BOX BELOW

 

(1)          o            to the Company or
Subsidiary thereof; or

 

(2)          o            to the Security
Registrar for registration in the name of the Holder, without transfer; or

 

(3)          o            pursuant to an
effective registration statement under the Securities Act of 1933; or

 

(4)          o            inside the United
States to a “qualified institutional buyer” (as defined in Rule 144A under
the Securities Act of 1933) that purchases for its own account or for 

 

 

the account of a qualified institutional buyer to whom notice is given
that such transfer is being made in reliance on Rule 144A, in each case
pursuant to and in compliance with Rule 144A under the Securities Act of
1933; or

 

(5)          o            outside the United
States in an offshore transaction within the meaning of Regulation S under the
Securities Act in compliance with Rule 903 or Rule 904 under the
Securities Act of 1933 and such Security shall be held immediately after the
transfer through Euroclear or Clearstream until the expiration of the
Restricted Period (as defined in the Indenture); or

 

(6)          o            pursuant to another
available exemption from registration provided by Rule 144 under the
Securities Act of 1933.

 

Unless one of the boxes is checked, the Security Registrar will refuse
to register any of the Securities evidenced by this certificate in the name of
any Person other than the registered Holder thereof; provided, however,
that if box (4), (5), or (6) is checked, the Security
Registrar may require, prior to registering any such transfer of the
Securities, such legal opinions, certifications and other information as the
Company has reasonably requested to confirm that such transfer is being made
pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act of 1933.

 

	
  Date:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Your Signature

  

 

 

TO BE COMPLETED BY PURCHASER IF (4) ABOVE IS CHECKED.

 

The undersigned represents and warrants that it is purchasing this
Security for its own account or an account with respect to which it exercises
sole investment discretion and that it and any such account is a “qualified
institutional buyer” within the meaning of Rule 144A under the Securities
Act of 1933, and is aware that the sale to it is being made in reliance on
Rule 144A and acknowledges that it has received such information regarding
the Company as the undersigned has requested pursuant to Rule 144A or has
determined not to request such information and that it is aware that the
transferor is relying upon the undersigned’s foregoing representations in order
to claim the exemption from registration provided by Rule 144A.

 

	
  Date:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  NOTICE:  To be executed by an
  executive officer

  

 

 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY

 

The initial principal amount of this Global Security is
$500,000,000(1).  The following increases
or decreases in this Global Security have been made:

 

	
  Date
  of Exchange

  	
   

  	
  Amount of decrease in

  Principal Amount of 

  this Global Security

  	
   

  	
  Amount of increase in

  Principal Amount of 

  this Global Security

  	
   

  	
  Principal amount of

  this Global Security

  following such

  decrease or increase

  	
   

  	
  Signature of

  authorized signatory of

  Trustee or Securities

  Custodian

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

(1)  We will create the number of 144A Global Notes necessary for
the 144A amount and the number of Reg S Global Notes necessary for the Reg S
amount, each in increments of $500 million for each note or such lesser amount
needed to obtain the total aggregate amount of 144A notes and Reg S notes being
issued.

 

 

[FACE OF EXCHANGE SECURITY]

 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW
YORK, TO THE COMPANY 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 IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT 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.

 

TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN
WHOLE, BUT NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR
SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY
SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET
FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.

 

 

	
  No.

  	
   

  	
  $

  	
   

  

 

 71/8% Senior Secured Note due 2018

 

CUSIP
No. [            ]

ISIN
No. [            ]

 

INTERNATIONAL LEASE FINANCE CORPORATION, a California corporation,
promises to pay to CEDE & CO., or registered assigns, the principal
sum listed on the Schedule of Increases or Decreases in Global Security
attached hereto on September 1, 2018.

 

Interest Payment Dates: March 1 and September 1.

 

Record Dates: February 15 and August 15.

 

Additional provisions of this Security are set forth on the other side
of this Security.

 

 

IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed.

 

	
   

  	
  INTERNATIONAL LEASE FINANCE CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name: 

  	
  Pamela S. Hendry

  
	
   

  	
   

  	
  Title: 

  	
  Senior Vice President and Treasurer 

  

 

Dated: August 20, 2010

 

 

CERTIFICATE OF

    AUTHENTICATION

 

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

    as Trustee, certifies that this is one of 

    the Securities referred to in the Indenture.

 

 

	
  By:

  	
   

  	
   

  
	
   

  	
  Authorized Signatory

  	
   

  

 

 

[REVERSE SIDE OF EXCHANGE SECURITY]

 

71/8% Senior Secured Note due 2018

 

1.             Interest

 

INTERNATIONAL LEASE FINANCE CORPORATION, a California corporation (such
corporation, and its successors and assigns under the Indenture hereinafter
referred to, being herein called the “Company”),
promises to pay interest on the principal amount of this Security at the rate
per annum shown above.  The Company shall
pay interest semiannually on March 1 and September 1 of each year,
commencing March 1, 2011.  Interest
on the Securities shall accrue from the most recent date to which interest has
been paid or duly provided for or, if no interest has been paid or duly
provided for, from August 20, 2010 until the principal hereof is due.  Interest shall be computed on the basis of a
360-day year of twelve 30-day months. 
The Company shall pay interest on overdue principal at the rate borne by
the Securities, and it shall pay interest on overdue installments of interest
at the same rate to the extent lawful.

 

2.             Method of Payment

 

The Company shall pay interest on the Securities (except defaulted
interest) to the Persons who are registered Holders at the close of business on
the February 15 or August 15 next preceding the interest payment date
even if Securities are canceled after the record date and on or before the
interest payment date (whether or not a Business Day).  The Holders must surrender Securities to a
Paying Agent to collect principal payments. 
The Company shall pay principal and interest in money of the United
States of America that at the time of payment is legal tender for payment of
public and private debts.  Payments in
respect of the Securities represented by a Global Security (including principal
and interest) shall be made by the Paying Agent by wire transfer of immediately
available funds to the accounts specified by The Depository Trust Company or
any successor depositary.  The Company
will make all payments in respect of a certificated Security (including
principal and interest) at the office of each Paying Agent, except that, at the
option of the Company, payment of interest may be made by mailing a check to
the registered address of each Holder thereof; provided, however,
that payments on the Securities
may also be made, in the case of a Holder of at least $1,000,000 aggregate
principal amount of Securities, by wire transfer to a U.S. dollar account
maintained by the payee with a bank in the United States if such Holder elects
payment by wire transfer by giving written notice to the Paying Agent to such
effect designating such account no later than 30 days immediately preceding the
relevant due date for payment (or such other date as the Paying Agent may
accept in its discretion).

 

3.             Paying Agent,
Security Registrar and Authentication Agent

 

Initially, the Trustee will act as Paying Agent, Security Registrar and
Authentication Agent.  The Company may
appoint and change any Paying Agent or Security Registrar without notice.  The Company or any of its domestically
incorporated wholly owned Subsidiaries may act as Paying Agent or Security
Registrar.

 

 

4.             Indenture and
Mortgage

 

The Company issued the Securities under an Indenture dated as of
August 11, 2010 (the “Indenture”),
among the Company, the Guarantor Parties named therein, and The Bank of New
York Mellon Trust Company, N.A., as Trustee, Paying Agent, Security Registrar
and Authentication Agent (the “Trustee”).  The terms of the Securities include those
stated in the Indenture and those made part of the Indenture by reference to
the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb) as in effect on the
date of the Indenture (the “TIA”).  Terms defined in the Indenture and not
defined herein have the meanings ascribed thereto in the Indenture.  The Securities are subject to all terms and
provisions of the Indenture and entitled to the benefits of the Aircraft
Mortgage and Security and Guaranty Agreement dated as of August 11, 2010
among the Company, the other Grantor Parties party thereto and Wells Fargo Bank
Northwest, National Association, as Security Trustee (the “Mortgage”), and the Holders (as defined in
the Indenture) are referred to the Indenture, the TIA and the Mortgage for a
statement of such terms and provisions.

 

The Securities are senior secured obligations of the Company.

 

5.             Optional Redemption

 

The Company may redeem the Securities in whole or in part, at any time
prior to maturity, at the option of the Company, at a redemption price equal to
100% of the principal amount of the Securities redeemed plus the Applicable
Premium as of, and accrued and unpaid interest and Additional Interest, if any,
to, the applicable redemption date (subject to the right of holders of record
on the relevant Regular Record Date to receive interest due on the relevant
Interest Payment Date); provided, however, that Collateral held for the benefit
of the Holders as security for the obligations under the Indenture, the
Securities and the Guaranteed Obligations may only be released upon redemption
of the Securities in accordance with the terms of the Mortgage.

 

6.             Sinking Fund

 

The Securities are not subject to any sinking fund.

 

7.             Denominations;
Transfer; Exchange

 

The Securities are in registered form without coupons in denominations
of $2,000 and any integral multiple of $1,000 in excess thereof.  A Holder shall register the transfer of or
exchange of Securities in accordance with the Indenture.  Upon any registration of transfer or
exchange, the Security Registrar and the Trustee may require a Holder, among
other things, to furnish appropriate endorsements or transfer documents and to
pay any taxes required by law or permitted by the Indenture.  The Security Registrar need not register the
transfer of or exchange any Securities selected for redemption (except, in the
case of a Security to be redeemed in part, the portion of the Security not to
be redeemed) or to transfer or exchange any Securities for a period of 15 days
prior to a selection of Securities to be redeemed.

 

 

8.             Persons Deemed
Owners

 

The registered Holder of this Security shall be treated as the owner of
it for all purposes.

 

9.             Unclaimed Money

 

If money for the payment of principal or interest remains unclaimed for
two years, the Trustee and a Paying Agent shall pay the money back to the
Company at its written request unless an abandoned property law designates
another Person.  After any such payment,
the Holders entitled to the money must look to the Company for payment as
general creditors and the Trustee and a Paying Agent shall have no further
liability with respect to such monies.

 

10.          Discharge and
Defeasance

 

Subject to certain conditions, the Company at any time may terminate
some of or all its obligations under the Securities and the Indenture if the
Company deposits with the Trustee money or U.S. Government Obligations for the
payment of principal of and interest on the Securities to redemption, or
maturity, as the case may be.

 

11.          Amendment, Waiver

 

The Indenture, the Mortgage and the Securities may be amended or
supplemented as provided in the Indenture and Mortgage.

 

12.          Defaults and Remedies

 

The Events of Default relating to the Securities are defined in
Section 5.01 of the Indenture.  Upon
the occurrence of an Event of Default, the rights and obligations of the
Company and the Holders shall be as set forth in the Indenture.

 

13.          Trustee Dealings
with the Company

 

Subject to certain limitations imposed by the TIA, the Trustee under the
Indenture, in its individual or any other capacity, may become the owner or
pledgee of Securities and may otherwise deal with and collect obligations owed to
it by the Company or its Affiliates and may otherwise deal with the Company or
its Affiliates with the same rights it would have if it were not Trustee.

 

14.          No Recourse Against
Others

 

No director, officer, employee, incorporator or holder of any equity
interests in the Company or any direct or indirect parent corporation, as such,
shall have any liability for any obligations of the Company under the
Securities, the Indenture, or the Mortgage or for any claim based on, in
respect of, or by reason of, such obligations or their creation.  Each Holder of Securities by accepting a
Security waives and releases all such liability.

 

 

15.          Authentication

 

This Security shall not be valid until an authorized signatory of the
Trustee (or an authentication agent) manually signs the certificate of
authentication on the other side of this Security.

 

16.          Abbreviations

 

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

 

17.          Governing Law

 

THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

18.          CUSIP
Numbers, ISINs and Common Codes

 

The Company has caused CUSIP numbers and ISINs to be printed on the
Securities and has directed the Trustee to use CUSIP numbers and ISINs.  No representation is made as to the accuracy
of such numbers either as printed on the Securities or as contained in any
notice of redemption and reliance may be placed only on the other
identification numbers placed thereon.

 

The Company will furnish to any Holder of Securities
upon written request and without charge to the Holder a copy of the Indenture
which has in it the text of this Security.

 

 

ASSIGNMENT FORM

 

To assign this Security, fill in the form below:

 

I or we assign and transfer this Security to:

 

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

 

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

  

and irrevocably
appoint                     agent
to transfer this Security on the books of the Company.  The agent may substitute another to act for
him.

 

	
   

  

 

	
  Date:

  	
   

  	
   

  	
  Your Signature:

  	
   

  
	
   

  	
  Sign exactly as your name appears on the other
  side of this Security.

  
	
   

  

 

 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY

 

The initial principal amount of this Global Security is $500,000,000(1).  The following increases or decreases in this
Global Security have been made:

 

	
  Date
  of Exchange

  	
   

  	
  Amount of decrease in

  Principal Amount of

  this Global Security

  	
   

  	
  Amount of increase in

  Principal Amount of

  this Global Security

  	
   

  	
  Principal amount of

  this Global Security

  following such

  decrease or increase

  	
   

  	
  Signature of

  authorized signatory of

  Trustee or Securities

  Custodian

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

(1)  We will create the number of 144A
Global Notes necessary for the 144A amount and the number of Reg S Global Notes
necessary for the Reg S amount, each in increments of $500 million for each
note or such lesser amount needed to obtain the total aggregate amount of 144A
notes and Reg S notes being issued.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}]]