Document:

First Supplemental Indenture among the Company, the Guarantor and the Trustee

 Exhibit 4.2 
 EMBRAER OVERSEAS LIMITED, 
 as Company

 and 
 EMBRAER—EMPRESA BRASILEIRA DE AERONÁUTICA S.A., 
 as Guarantor

 and 
 THE BANK OF NEW YORK MELLON, 
 as Trustee 
  
  
 FIRST SUPPLEMENTAL INDENTURE 
 U.S.$ 500,000,000 
 6.375% Notes due 2020 
 Dated as of October 8, 2009 
  
  

 FIRST SUPPLEMENTAL INDENTURE, dated as of October 8, 2009, among EMBRAER
OVERSEAS LIMITED, a Cayman Islands exempted company incorporated with limited liability (herein called the “Company”), having its principal office at Walkers SPV Limited, Walkers House, PO BOX 908GT, Mary Street, George Town, Grand
Cayman, KY1-9002, Cayman Islands, EMBRAER—EMPRESA BRASILEIRA DE AERONÁUTICA S.A., a company organized under the laws of the Federative Republic of Brazil (herein called the “Guarantor”), having its principal office at
Brigadeiro Faria Lima, 2170, 12227-901, São José dos Campos, São Paulo State, Brazil, and THE BANK OF NEW YORK MELLON, a banking corporation duly organized and existing under the laws of the State of New York, having its
principal corporate trust office at 101 Barclay Street, New York, New York 10286, as Trustee (herein called the “Trustee”) to the INDENTURE, dated as of October 8, 2009, among the Company, the Guarantor and the
Trustee (the “Base Indenture”). 
 W I T N E S S E T H : 
 WHEREAS, the Base Indenture provides for the issuance from time to time thereunder, in series, of securities of the Company (the
“Securities”) carrying the guarantees of the Guarantor (the “Guarantees”), and Sections 2.1 and 3.1 of the Base Indenture provides for the establishment of the form or terms of Securities issued thereunder through one or more
supplemental indentures; 
 WHEREAS, the Company and the Guarantor desire by this First Supplemental Indenture to create
a new series of Securities to be issuable under the Base Indenture, as supplemented by this First Supplemental Indenture, and to be known as the Company’s 6.375% Notes due 2020 (the “Notes”) the terms and provisions of which are to be
as specified in this First Supplemental Indenture; 
 WHEREAS, the Company and the Guarantor have duly authorized the
execution and delivery of this First Supplemental Indenture to establish the Notes as a series of Securities under the Base Indenture and to provide for, among other things, the issuance of and the form and terms of the Notes and additional
covenants for the benefit of the Holders thereof and the Trustee; and 
 WHEREAS, all things necessary to make this First
Supplemental Indenture a valid and binding legal obligation of the Company and the Guarantor according to its terms have been done. 
 NOW, THEREFORE, for and in consideration of the premises and the purchase and acceptance of the Notes by the Holders thereof and for the purpose of setting forth, as provided in the Base Indenture, the form of the Notes and the
terms, provisions and conditions thereof, the Company and the Guarantor covenant and agree with the Trustee as follows: 
 1.
Ratification of the Base Indenture 
 Except insofar as herein otherwise expressly provided, all the definitions,
provisions, terms and conditions of the Base Indenture shall remain in full force and effect. The Base Indenture, as amended and supplemented by this First Supplemental Indenture, is in all respects ratified and confirmed, and the Base Indenture and
this First Supplemental Indenture shall be read, taken and considered as one and the same instrument for all purposes. 
 2.
Definitions 
 For all purposes of this First Supplemental Indenture and the Notes, except as otherwise expressly provided
or unless the subject matter or context otherwise requires: 
 2.1.1 all terms used in this First Supplemental Indenture that
are defined in the Base Indenture have the meanings assigned to them in the Base Indenture, except as otherwise provided in this First Supplemental Indenture; 
  

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 2.1.2 the term “Securities” as defined in the Base Indenture and as used in any
definition therein, shall be deemed to include or refer to, as applicable, the Notes; and 
 2.1.3 the following terms have the
meanings given to them in this Section 2.1.3. 
 “Comparable Treasury Issue” means the United States Treasury
security or securities selected by an Independent Investment Banker as having an actual or interpolated maturity comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with
customary financial practice, in pricing new issues of corporate debt securities of a comparable maturity to the remaining term of such Notes. 
 “Comparable Treasury Price” means, with respect to any Redemption Date, (1) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and
lowest such Reference Treasury Dealer Quotation or (2) if the Trustee obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations. 
 “Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the Company. 
 “Reference Treasury Dealer” means each of Deutsche Bank Securities Inc. and Morgan Stanley & Co. Incorporated or their
affiliates, which are primary United States government securities dealers and no less than two other leading primary United States government securities dealers in New York City reasonably designated by the Company; provided, however, that,
if any of the foregoing shall cease to be a primary United States government securities dealer in New York City (a “Primary Treasury Dealer”), the Company shall substitute therefore another Primary Treasury Dealer. 
 “Reference Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer and any Redemption Date, the average,
as determined by the Trustee, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Trustee by such Reference Treasury Dealer at 3:30 pm New York time
on the third business day preceding such Redemption Date. 
 “Treasury Rate” means, with respect to any Redemption
Date, the rate per annum equal to the semi-annual equivalent yield to maturity or interpolated maturity (on a day count basis) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (such price expressed as a percentage
of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. 
 3. General Terms and Conditions
of The Notes 
 3.1 Designation 
 There is hereby authorized and established a new series of Securities designated the “6.375% Notes due 2020”. The Notes will initially be limited to an aggregate principal amount of
U.S.$500,000,000 (which amount does not include Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 3.4, 3.5, 9.6 or 11.5 of the Base Indenture). 
  

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 The Company may, from time to time and without the consent of the Holders, issue additional
notes on terms and conditions substantially identical to those of the Notes, which additional notes shall increase the aggregate principal amount of, and shall be consolidated and form a single series with, the Notes. 
 The Stated Maturity of the Notes shall be on January 15, 2020. The Notes shall bear interest at the rate of 6.375% per annum, from
October 8, 2009 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, payable semi-annually on April 8 and October 8 of each year and on January 15, 2020,
commencing April 8, 2010 (each, an “Interest Payment Date”), until the principal and premium thereof are paid or made available for payment. To the extent interest due on any Interest Payment Date is not paid, interest shall accrue
thereon at the Default Interest to the extent permitted by law, until such unpaid interest and interest accrued thereon are paid in full. 
 3.2 Forms Generally 
 The Notes shall be in substantially the forms set
forth in this Section 3.2, with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by the Base 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 thereof. 
 3.2.1 Form of Face of Note 
 [INCLUDE IN CASE OF A GLOBAL NOTE – THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO, AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY, WHICH MAY BE
TREATED BY EMBRAER OVERSEAS LIMITED, EMBRAER—EMPRESA BRASILEIRA DE AERONÁUTICA S.A. AND THE TRUSTEE AND ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS NOTE FOR ALL PURPOSES. 
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR REGISTERED NOTES IN DEFINITIVE REGISTERED FORM IN THE LIMITED CIRCUMSTANCES REFERRED TO IN THE INDENTURE, THIS GLOBAL 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.] 
 [INCLUDE IN CASE OF A GLOBAL NOTE FOR WHICH THE DEPOSITARY TRUST COMPANY IS THE DEPOSITARY – UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY TO EMBRAER OVERSEAS LIMITED OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IN EXCHANGE FOR THIS CERTIFICATE OR ANY
PORTION HEREOF IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON OTHER THAN THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOF IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.] 
  

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 EMBRAER OVERSEAS LIMITED 
 6.375% Notes due 2020 
 Unconditionally Guaranteed
by 
 EMBRAER—EMPRESA BRASILEIRA DE AERONÁUTICA S.A. 
 CUSIP Number: 29081YAC0 
 ISIN: US29081YAC03

 No.              
 US$             
 EMBRAER OVERSEAS LIMITED, a company duly organized and existing under the laws of the Cayman Islands (herein called the “Company,” which term includes any successor Person under the Indenture hereinafter referred to), for value
received, hereby promises to pay to             , or registered assigns, the principal sum of US$            
(            U.S. Dollars) [IN CASE OF A GLOBAL NOTE, INSERT – , or such other principal amount as set forth in the Schedule of Increases or Decreases in Global Note
attached hereto,] on January 15, 2020, and to pay interest thereon semi-annually on April 8 and October 8 of each year and on January 15, 2020 (each an “Interest Payment Date”), commencing on
            , from              or from the most recent Interest Payment Date to which interest has been paid or
duly provided for, as the case may be, at the rate of 6.375% per annum, until the principal hereof is paid or made available for payment, provided that any amount of principal of or premium, if any, or interest on this Note which is overdue
shall bear interest, to the extent permitted by law, from the date such amount is due to but not including the day it is paid or made available for payment, and such overdue principal of or premium, if any, or interest shall be paid as provided in
Section 3.6 of the Base Indenture hereinafter referred to. 
 The interest so payable, and punctually paid or duly provided
for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Note is registered at the close of business on the Regular Record Date for such interest, which shall be the April 1 or
October 1 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on the relevant Regular
Record Date and may either be paid to the Person in whose name this Note is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be proposed by the Company and notified to the Trustee, notice
whereof shall be given to Holders of the Notes not less than 15 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be
listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. Interest on this Note shall be computed on the basis of a 360-day year of twelve 30-day months. 
 Payment of the principal of or premium, if any, or interest on this Note will be made to the Person entitled thereto at the office of the
Trustee or agency of the Company in the Borough of Manhattan, The City of New York, New York, maintained for such purpose, and at any other office or agency maintained by the Company for such purpose, in such coin or currency of the United States of
America as at the time of payment is legal tender for payment of public and private debts upon surrender of this Note in the case of any payment due at the Maturity of the principal hereof (other than any payment of interest payable on an Interest
Payment Date); provided, however, that, at the option of the Company, payment of interest

  

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may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register; and provided, further, that all payments of the principal of and
interest on this Note, the Holders of which have given wire transfer instructions to the Trustee, the Company, or its agent at least 10 Business Days prior to the applicable payment date, will be required to be made by wire transfer of immediately
available funds to the accounts with financial institutions in the United States specified by such Holders in such instructions. [IN CASE OF A GLOBAL NOTE, INSERT – Notwithstanding the foregoing, payment of any amount payable in respect
of a Global Note will be made in accordance with the Applicable Procedures of the Depositary.] 
 Reference is hereby made to
the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Note shall not be entitled to any benefit under the Indenture
or be valid or obligatory for any purpose. 
 IN WITNESS WHEREOF, the parties hereto have caused this Note to be duly executed,
as of the day and year first above written. 
 Dated: 
  

			
	EMBRAER OVERSEAS LIMITED
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

 Embraer – Empresa Brasileira de Aeronáutica S.A. (the
“Guarantor”) hereby irrevocably and unconditionally guarantees to each Holder the full and punctual payment (whether at the Stated Maturity date, upon redemption, purchase pursuant to an offer to purchase, acceleration or otherwise) of the
principal, premium, if any, interest, Additional Amounts and all other amounts that may come due and payable under this Note and the full and punctual payment of all other amounts payable by the Company under the Indenture as they come due.

 Dated: 
  

			
	EMBRAER—EMPRESA BRASILEIRA DE AERONÁUTICA S.A.
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

  

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 This is one of the Notes referred to in the within mentioned Indenture. 
 Dated: 
  

			
	 THE BANK OF NEW YORK MELLON,
 as Trustee

		
	By:	 	  

		 	Name:
		 	Title:

 3.2.2 Form of Reverse of Note 
 1. This Note is a duly authorized issue of securities of the Company issued in one or more series (the “Securities”) under an
Indenture, dated as of October 8, 2009 (herein called the “Base Indenture”), as supplemented by a First Supplemental Indenture dated as of October 8, 2009 (herein called the “First Supplemental Indenture”), among the
Company, the Guarantor and The Bank of New York Mellon, as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Base Indenture). Reference is hereby made to the Base Indenture, as supplemented by the
First Supplemental Indenture (the Base Indenture, as supplemented by the First Supplemental Indenture, herein called the “Indenture”), for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the
Company, the Guarantor, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. All capitalized terms not defined in this Note have the meanings assigned to them in
the Indenture, except as otherwise provided in this Note. This Notes is one of the series designated on the face hereof (herein called the “Notes”). 
 2. The full and punctual payment of the principal, premium, if any, and interest and all other amounts payable under the Notes is irrevocably and unconditionally guaranteed by the Guarantor. 

3. If an Event of Default with respect to the Notes shall occur and be continuing, the principal of all of the Notes may be declared due
and payable in the manner and with the effect provided in the Indenture. 
 4. All payments in respect of the Notes shall be
made without withholding or deduction for any present or future taxes, duties, assessments or other governmental charges of whatever nature imposed, levied, collected, withheld or assessed by or on behalf of the Cayman Islands, Brazil or any
Successor Jurisdiction, or any political subdivision or authority therein or thereof having power to tax (“Foreign Taxes”), except to the extent that such Foreign Taxes are required by the Cayman Islands, Brazil, such Successor
Jurisdiction or any such political subdivision or authority to be withheld or deducted. In the event of any withholding or deduction for any Foreign Taxes, the Company or the Guarantor, as the case may be, shall make such deduction or withholding,
make payment of the amount so withheld to the appropriate governmental authority and pay such additional amounts (“Additional Amounts”) as are necessary to ensure that the net amounts received by the Holders of the Notes after such
withholding or deduction equals the respective amounts of principal, premium, if any, and interest which would have been receivable in respect of such Notes had no such withholding or deduction (including for any Foreign Taxes payable in respect of
Additional Amounts) been required, except that no such Additional Amounts shall be payable with respect to any payment on a Note: 
  

	 	(i)	 to, or to a third party on behalf of, a Holder who is liable for any such taxes, duties, assessments or other governmental charges in respect of a Note
by reason of (a) a connection between the Holder and the Cayman Islands or Brazil other than the mere

  

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holding of such Note and the receipt of payments with respect to such Note or (b) failure by the Holder to comply with any certification, identification or other reporting requirement
concerning the nationality, residence, identity or connection with the Cayman Islands, Brazil or applicable political subdivision or authority therein or thereof having power to tax, of such Holder, if compliance is required by such jurisdiction, or
any political subdivision or authority therein or thereof having power to tax, as a precondition to exemption from, or reduction in the rate of, the tax, assessment or other governmental charge and the Company or the Guarantor, as the case may be,
has given the Holders at least 30 days’ notice that Holders will be required to provide such certification, identification or other requirement; 

  

	 	(ii)	in respect of any such taxes, duties, assessments or other governmental charges with respect to a Note surrendered (if surrender is required) more than 30 days after
the date on which such payment became due and payable or the date on which payment thereof is duly provided for and notice thereof is given to Holders, whichever occurs later, except to the extent that the Holder of such Note would have been
entitled to such Additional Amounts on surrender of such Note for payment on the last day of such 30-day period; 

  

	 	(iii)	in respect of estate, inheritance, gift, sales, transfer, personal property or similar tax, assessment or governmental charge imposed with respect to a Note;

  

	 	(iv)	in respect of any tax, assessment or other governmental charge payable otherwise than by deduction or withholding from payments on the Notes or by direct payment by the
Company or the Guarantor in respect of claims made against the Company or the Guarantor; 

  

	 	(v)	where such withholding or deduction is imposed on a payment to an individual and is required to be made pursuant to any European Union Directive on the taxation of
savings implementing the conclusions of the ECOFIN Council meeting of November 26-27, 2000 or any law implementing or complying with, or introduced in order to conform to, such directive; or 

  

	 	(vi)	in respect of any combination of the above. 

 Solely for purposes of this paragraph 4, the term “Holder” of any Note means the direct nominee of any beneficial owner of such Note, which holds such beneficial owner’s interest in such
Note. Notwithstanding the foregoing, the limitations on the Company’s or the Guarantor’s obligation to pay Additional Amounts set forth in clause (i)(b) above shall not apply if the provision of information, documentation or other evidence
described in such clause (i)(b) would be materially more onerous, in form, in procedure or in the substance of information disclosed, to a Holder or beneficial owner of a Note (taking into account any relevant differences between U.S. and Cayman
Islands or Brazilian law, regulation or administrative practice) than comparable information or other reporting requirements imposed under U.S. tax law (including tax treaties between the United States and the Cayman Islands or Brazil), regulations
(including proposed regulations) and administrative practice. 
 The Company or the Guarantor, as the case may be, shall
promptly provide the Trustee with documentation (which may consist of certified copies of such documentation) satisfactory to the Trustee evidencing the payment of Foreign Taxes in respect of which the Company or the Guarantor has paid any
Additional Amounts. Copies of such documentation shall be made available to the Holders of the Notes or the Paying Agent, as applicable, upon request therefor. 
  

 7 

 The Company or the Guarantor, as the case may be, shall pay all stamp, issue, registration,
documentary or other similar duties, if any, which may be imposed by the Cayman Islands or Brazil or any governmental entity or political subdivision therein or thereof, or any taxing authority of or in any of the foregoing, with respect to the
Indenture or the issuance of the Notes or the Guarantees. 
 All references herein or in the Indenture, to principal, premium,
if any, or interest in respect of any Note or Guarantees shall be deemed to include all Additional Amounts, if any, payable in respect of such principal, premium, if any, or interest, unless the context otherwise requires, and express mention of the
payment of Additional Amounts in any provision hereof shall not be construed as excluding reference to Additional Amounts in those provisions hereof where such express mention is not made. 
 In the event that Additional Amounts actually paid with respect to the Notes pursuant to the preceding paragraphs are based on rates of
deduction or withholding of taxes in excess of the appropriate rate applicable to the Holder of such Notes, and, as a result thereof such Holder is entitled to make claim for a refund or credit of such excess from the authority imposing such
withholding tax, then such Holder shall, by accepting such Notes, be deemed to have assigned and transferred all right, title, and interest to any such claim for a refund or credit of such excess to the Company or the Guarantor. However, by making
such assignment, the Holder makes no representation or warranty that the Company or the Guarantor will be entitled to receive such claim for a refund or credit and incurs no other obligation with respect thereto. 
 5. All references in the Indenture and the Notes to principal in respect of any Note shall be deemed to mean and include any Redemption
Price payable in respect of such Note pursuant to any redemption right hereunder, and all such references to principal, premium, if any, or interest shall be deemed to mean and include any amount payable in respect hereof pursuant to
Section 10.7 of the Base Indenture. 
 6. The Notes are subject to redemption at the Company’s option, in whole
at any time, or in part from time to time, upon not less than 30 days’ but no more than 60 days’ notice to the Holders of the Notes, at a Redemption Price equal to the greater of (a) 100% of the principal amount of such Notes and
(b) the sum of the present values of each remaining scheduled payment of principal and interest thereon (exclusive of interest accrued to the date of redemption) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year
consisting of twelve 30-day months) at the Treasury Rate plus 50 basis points, plus accrued interest on the principal amount of such Notes to but not including the Redemption Date. 
 If, as a result of any amendment to, or change in, the laws (or any rules or regulation thereunder) of the Cayman Islands or Brazil or any
political subdivision or taxing authority thereof or therein affecting taxation or any amendment to or change in an official interpretation, administration or application of such laws, rules or regulations (including a holding by a court of
competent jurisdiction), which amendment or change of such laws, rules or regulations or the interpretation, administration or application thereof becomes effective on or after October 1, 2009, the Company or the Guarantor, as the case may be,
would be obligated to pay Additional Amounts in respect of the Notes pursuant to the terms and conditions thereof in excess of those attributable to Cayman Islands or Brazilian withholding tax on the basis of a statutory rate of 15%, and if such
obligation cannot be avoided by the Company or the Guarantor after taking measures the Company or the Guarantor, as applicable, considers reasonable to avoid it, then, at the Company’s option, the Notes may be redeemed in whole, but not in
part, at any time, on giving not less than 30 nor more than 60 days’ notice to the Holders of the Notes, at a Redemption Price equal to 100% of the principal amount thereof, together with accrued interest to but not including the Redemption
Date and any Additional Amounts which would otherwise be payable to but not including the Redemption Date; provided, however, that (i) no notice of such redemption may be given

  

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earlier than 60 days prior to the earliest date on which the Company or the Guarantor, as the case may be, would but for such redemption be obligated to pay such Additional Amounts were a payment
on the Notes then due, and (ii) at the time such notice is given, such obligation to pay such Additional Amounts remains in effect. 
 On the Business Day prior to the Redemption Date, the Company will deposit with the Trustee money sufficient to pay the Redemption Price of the Notes to be redeemed on the Redemption Date, together with
accrued interest to but not including the Redemption Date and any Additional Amounts which would be payable to but not including the Redemption Date. On and after any Redemption Date, interest will cease to accrue on the Notes or any portion of the
Notes called for redemption (unless the Company defaults in the payment of the Redemption Price). 
 If less than all of the
Notes are to be redeemed, the Notes to be redeemed shall be selected by the Trustee by such method as the Trustee shall deem fair and appropriate. 
 7. The Indenture permits, subject to certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the
Securities of each affected series under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each affected series. The Indenture also
contains provisions (i) permitting the Holders of a majority in principal amount of the Securities at the time Outstanding of any affected series under the Indenture on behalf of the Holders of all Securities of such series, to waive compliance
by the Company with certain provisions of the Indenture and (ii) permitting the Holders of a majority in principal amount of the Securities at the time Outstanding of any affected series under the Indenture on behalf of the Holders of all
Securities of such series, to waive certain past defaults under the Indenture and their consequences. 
 Any such consent or
waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not
notation of such consent or waiver is made upon this Note. 
 8. As provided in and subject to the provisions of the Indenture,
the Holder of this Note shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee, or for any other remedy thereunder, unless (i) such Holder shall have previously given
the Trustee written notice of a continuing Event of Default with respect to the Notes, (ii) the Holders of not less than 25% in principal amount of the Notes at the time Outstanding shall have made written request to the Trustee to institute
proceedings in respect of such Event of Default as Trustee and offered the Trustee indemnity reasonably satisfactory to it, and the Trustee shall not have received from the Holders of a majority in principal amount of Notes at the time Outstanding a
direction inconsistent with such request, and (iii) the Trustee shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity, provided that no direction inconsistent with such
written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the Holders of this Note. The foregoing shall not apply to any suit instituted by the Holder of this Note for the enforcement
of any payment of principal hereof or any interest hereon on or after the respective due dates expressed herein. 
 9. No
reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and premium, if any, and interest on this Note at
the times, place and rate, and in the coin or currency, herein prescribed. 
  

 9 

 10. As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Note is registrable in the Security Register, upon surrender of this Note for registration of transfer at the office of the Trustee or agency of the Company in any place where the principal of and any interest on this Note are
payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more
new Notes of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 The Notes are issuable only in registered form without coupons in denominations of US$1,000 and any integral multiple of US$1,000 in excess
thereof. As provided in the Indenture and subject to certain limitations therein set forth, Notes are exchangeable for a like aggregate principal amount of Notes of like tenor of a different authorized denomination, as requested by the Holder
surrendering the same. 
 No service charge shall be made for any such registration of transfer or exchange, but the Company or
the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 11. Prior to due surrender of this Note for registration of transfer, the Company, the Guarantor, the Trustee and any agent of the Company, the Guarantor or of the Trustee may treat the Person in whose name this Note is registered as the
owner hereof for all purposes, whether or not this Note is overdue, and neither the Company, the Guarantor, the Trustee nor any such agent shall be affected by notice to the contrary. 
 12. This Note, the Guarantees and the Indenture shall be governed by, and construed in accordance with, the laws of the State of New York.

 13. All terms used in this Note which are defined in the Indenture shall have the meanings assigned to them in the Indenture.

  

 10 

  
 ABBREVIATIONS 
 The following abbreviations, when used in the inscription of the
face of this Note, shall be construed as though they were written out in full according to applicable laws or regulations: 
 TEN COM — as tenants in common 
 TEN ENT — as tenants by the entireties 
 JT TEN — as joint tenants with right of survivorship and not as tenants in common 
 UNIF GIFT MIN ACT — [        ] 
 (Cust)
                                         
                                         
       
 Custodian [        ] under Uniform (Minor)

 Gifts to Minors Act [        ] 
 (State) 
 Additional abbreviations may also be used though not in the above list. 
  
  
 [TO BE ATTACHED TO
GLOBAL NOTES] 
 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 
 The initial principal amount of this Global Note is US$            .

 The following increases or decreases in this Global Note have been made: 
  

									
	 Date of
Exchange
	 	 Amount of Decrease
in Principal Amount
of this Global Note
	 	 Amount of Increase
in Principal Amount
of this Global Note
	 	 Principal Amount of
this Global Note
following
such
Decrease or Increase
	 	 Signature of
Authorized Officer
of Trustee of Notes
Custodian

  
  
  
  

 11 

 3.3 Maintenance of Office or Agency 
 With respect to any Notes that are not in the form of a Global Note, the Company will maintain an office or agency in the Borough of
Manhattan, The City of New York, in accordance with Section 10.2 of the Base Indenture. 
 3.4 New York Stock Exchange
Listing 
 The Company and the Guarantor will use their reasonable best efforts to cause the Notes to be listed on the New
York Stock Exchange, and shall from time to time take such other actions as shall be necessary or advisable to maintain the listing of the Notes thereon or another recognized securities exchange. 
 4. Miscellaneous Provisions 
 4.1 Separability of Invalid Provisions 
 In case any one or more of the
provisions contained in this First Supplemental Indenture should be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions contained in this First Supplemental
Indenture, and to the extent and only to the extent that any such provision is invalid, illegal or unenforceable, this First Supplemental Indenture shall be construed as if such provision had never been contained herein. 
 4.2 Execution in Counterparts 
 This First Supplemental Indenture may be simultaneously executed and delivered in any number of counterparts, each of which when so executed and delivered shall be deemed to be an original, and such
counterparts shall together constitute but one and the same instrument. 
 4.3 Governing Law 
 This First Supplemental Indenture, the Notes and the Guarantees shall be governed by, and construed in accordance with, the laws of the
state of New York. 
 5. The Trustee 
 The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this First Supplemental Indenture or for or in respect of the recitals contained herein,
all of which are made solely by the Company and the Guarantor. 
  

 12 

 IN WITNESS WHEREOF, each of the parties hereto has caused this First Supplemental Indenture
to be duly executed on its behalf, all as of the day and year first written above. 
  

			
	EMBRAER OVERSEAS LIMITED
		
	By:	 	 /s/ Luiz Carlos Siqueira Aguiar

		 	Name: Luiz Carlos Siqueira Aguiar
		 	Title:   Chief Executive Officer
		
	By:	 	 /s/ Cynthia Marcondes Ferreira Benedetto

		 	Name: Cynthia Marcondes Ferreira Benedetto
		 	Title:   Chief Financial Officer
	
	EMBRAER—EMPRESA BRASILEIRA DE AERONÁUTICA S.A.
		
	By:	 	 /s/ Frederico Pinheiro Fleury Curado

		 	Name: Frederico Pinheiro Fleury Curado
		 	Title:   Chief Executive Officer
		
	By:	 	 /s/ Luiz Carlos Siqueira Aguiar

		 	Name: Luiz Carlos Siqueira Aguiar
		 	Title:   Chief Financial Officer
	
	THE BANK OF NEW YORK MELLON, as Trustee
		
	By:	 	 /s/ Lucia Jaklitsch

		 	Name: Lucia Jaklitsch
		 	Title:   Vice President

									
	STATE OF NEW YORK	 		  	)	  		  	
		 		  	)	  		  	:SS
	COUNTY OF NEW YORK	 		  	)	  		  	

 On this 8th day of October, 2009, before me, a notary public within and for said county, personally appeared Lucia
Jaklitsch, to me personally known who being duly sworn, did say that such person is a Vice President of THE BANK OF NEW YORK MELLON, one of persons described in and which executed the foregoing instrument, and acknowledges said instrument to be the
free act and deed of said corporation. 
  

	
	  

	[NOTARIAL SEAL]Form of Global Note

 Exhibit 4.3 
 THIS NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO, AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY, WHICH MAY BE TREATED BY
EMBRAER OVERSEAS LIMITED, EMBRAER—EMPRESA BRASILEIRA DE AERONÁUTICA S.A. AND THE TRUSTEE AND ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS NOTE FOR ALL PURPOSES. 
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR REGISTERED NOTES IN DEFINITIVE REGISTERED FORM IN THE LIMITED CIRCUMSTANCES REFERRED TO IN THE INDENTURE, THIS GLOBAL 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 TO
EMBRAER OVERSEAS LIMITED OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IN EXCHANGE FOR THIS CERTIFICATE OR ANY PORTION HEREOF IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE
OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON OTHER THAN THE DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOF IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 EMBRAER OVERSEAS LIMITED 
 6.375% Notes due 2020 
 Unconditionally Guaranteed by 
 EMBRAER—EMPRESA BRASILEIRA DE AERONÁUTICA S.A. 
 No. 1 
  

	 CUSIP Number: 29081YAC0 
	Principal Amount 

	 ISIN: US29081YAC03 
	US$500,000,000 

 EMBRAER OVERSEAS LIMITED, a
company duly organized and existing under the laws of the Cayman Islands (herein called the “Company,” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to
Cede & Co., or registered assigns, the principal sum of US$500,000,000 (FIVE HUNDRED MILLION U.S. DOLLARS), or such other principal amount as set forth in the Schedule of Increases or Decreases in Global Note attached hereto, on
January 15, 2020, and to pay interest thereon semi-annually on April 8 and October 8 of each year and on January 15, 2020 (each an “Interest Payment Date”), commencing on April 8, 2010, from October 8, 2009 or
from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, at the rate of 6.375% per annum, until the principal hereof is paid

 
or made available for payment, provided that any amount of principal of or premium , if any, or interest on this Note which is overdue shall bear interest, to the extent permitted by law, from
the date such amount is due to but not including the day it is paid or made available for payment, and such overdue principal of or premium, if any, or interest shall be paid as provided in Section 3.6 of the Base Indenture hereinafter referred
to. 
 The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the
Indenture, be paid to the Person in whose name this Note is registered at the close of business on the Regular Record Date for such interest, which shall be the April 1 or October 1 (whether or not a Business Day), as the case may be, next
preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on the relevant Regular Record Date and may either be paid to the Person in whose name this Note is
registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be proposed by the Company and notified to the Trustee, notice whereof shall be given to Holders of the Notes not less than 15 days prior to
such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, all as more
fully provided in the Indenture. Interest on this Note shall be computed on the basis of a 360-day year of twelve 30-day months. 
 Payment of the principal of or premium, if any, or interest on this Note will be made to the Person entitled thereto at the office of the Trustee or agency of the Company in the Borough of Manhattan, The City of New York, New York,
maintained for such purpose, and at any other office or agency maintained by the Company for such purpose, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts
upon surrender of this Note in the case of any payment due at the Maturity of the principal hereof (other than any payment of interest payable on an Interest Payment Date); provided, however, that, at the option of the Company, payment of interest
may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register; and provided, further, that all payments of the principal of and interest on this Note, the Holders of which have given
wire transfer instructions to the Trustee, the Company, or its agent at least 10 Business Days prior to the applicable payment date, will be required to be made by wire transfer of immediately available funds to the accounts with financial
institutions in the United States specified by such Holders in such instructions. Notwithstanding the foregoing, payment of any amount payable in respect of a Global Note will be made in accordance with the Applicable Procedures of the Depositary.

 Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions
shall for all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon
has been executed by the Trustee referred to on the reverse hereof by manual signature, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

 IN WITNESS WHEREOF, the parties hereto have caused this Note to be duly executed, as of the day and year
written above. 
 Dated: October 8, 2009 
  

			
	EMBRAER OVERSEAS LIMITED
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

 The undersigned (the “Guarantor”) hereby irrevocably and unconditionally guarantees
to each Holder the full and punctual payment (whether at the Stated Maturity date, upon redemption, purchase pursuant to an offer to purchase, acceleration or otherwise) of the principal, premium, if any, interest, Additional Amounts and all other
amounts that may come due and payable under this Note and the full and punctual payment of all other amounts payable by the Company under the Indenture as they come due. 
 Dated: October 8, 2009 
  

			
	 EMBRAER—EMPRESA BRASILEIRA DE AERONÁUTICA S.A.

		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

 This is one of the Notes referred to in the within mentioned Indenture. 
 Dated: October 8, 2009 
  

			
	THE BANK OF NEW YORK MELLON,
	as Trustee
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	STATE OF NEW YORK	  	 )

		
		  	)     : SS
	COUNTY OF NEW YORK	  	)

 On this 8th day of October, 2009, before me, a notary public within and for said county, personally appeared
                                        ,
to me personally known who being duly sworn, did say that such person is a
                                        
of THE BANK OF NEW YORK MELLON, one of persons described in and which executed the foregoing instrument, and acknowledges said instrument to be the free act and deed of said corporation. 
  

	
	
	  
	[NOTARIAL SEAL]

 [REVERSE SIDE OF NOTE] 
 1. This Note is a duly authorized issue of securities of the Company issued in one or more series (the “Securities”) under an
Indenture, dated as of October 8, 2009 (herein called the “Base Indenture”), as supplemented by a First Supplemental Indenture dated as of October 8, 2009 (herein called the “First Supplemental Indenture”), among the
Company, the Guarantor and The Bank of New York Mellon, as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Base Indenture). Reference is hereby made to the Base Indenture, as supplemented by the
First Supplemental Indenture (the Base Indenture, as supplemented by the First Supplemental Indenture, herein called the “Indenture”), for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the
Company, the Guarantor, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. All capitalized terms not defined in this Note have the meanings assigned to them in
the Indenture, except as otherwise provided in this Note. This Notes is one of the series designated on the face hereof (herein called the “Notes”). 
 2. The full and punctual payment of the principal, if any, and interest and all other amounts payable under the Notes is irrevocably and unconditionally guaranteed by the Guarantor. 
 3. If an Event of Default with respect to the Notes shall occur and be continuing, the principal of all of the Notes may be declared
due and payable in the manner and with the effect provided in the Indenture. 
 4. All payments in respect of the Notes
shall be made without withholding or deduction for any present or future taxes, duties, assessments or other governmental charges of whatever nature imposed, levied, collected, withheld or assessed by or on behalf of the Cayman Islands, Brazil or
any Successor Jurisdiction, or any political subdivision or authority therein or thereof having power to tax (“Foreign Taxes”), except to the extent that such Foreign Taxes are required by the Cayman Islands, Brazil, such Successor
Jurisdiction or any such political subdivision or authority to be withheld or deducted. In the event of any withholding or deduction for any Foreign Taxes, the Company or the Guarantor, as the case may be, shall make such deduction or withholding,
make payment of the amount so withheld to the appropriate governmental authority and pay such additional amounts (“Additional Amounts”) as are necessary to ensure that the net amounts received by the Holders of the Notes after such
withholding or deduction equals the respective amounts of principal, premium, if any, and interest which would have been receivable in respect of such Notes had no such withholding or deduction (including for any Foreign Taxes payable in respect of
Additional Amounts) been required, except that no such Additional Amounts shall be payable with respect to any payment on a Note: 
  

	 	(i)	to, or to a third party on behalf of, a Holder who is liable for any such taxes, duties, assessments or other governmental charges in respect of a Note by reason of
(a) a connection between the Holder and the Cayman Islands or Brazil other than the mere holding of such Note and the receipt of payments with respect to such Note or (b) failure by the Holder to comply with any certification,
identification or other reporting requirement concerning the nationality, residence, identity or connection with the Cayman Islands or Brazil or applicable political subdivision or authority therein or thereof having power to tax, of such Holder, if
compliance is required by such jurisdiction, or any political subdivision or authority therein or thereof having power to tax, as a precondition to exemption from, or reduction in the rate of, the tax, assessment or other governmental charge and the
Company or the Guarantor, as the case may be, has given the Holders at least 30 days’ notice that Holders will be required to provide such certification, identification or other requirement; 

	 	(ii)	in respect of any such taxes, duties, assessments or other governmental charges with respect to a Note surrendered (if surrender is required) more than 30 days after
the date on which such payment became due and payable or the date on which payment thereof is duly provided for and notice thereof is given to Holders, whichever occurs later, except to the extent that the Holder of such Note would have been
entitled to such Additional Amounts on surrender of such Note for payment on the last day of such 30-day period; 

  

	 	(iii)	in respect of estate, inheritance, gift, sales, transfer, personal property or similar tax, assessment or governmental charge imposed with respect to a Note;

  

	 	(iv)	in respect of any tax, assessment or other governmental charge payable otherwise than by deduction or withholding from payments on the Notes or by direct payment by the
Company or the Guarantor in respect of claims made against the Company or the Guarantor; 

  

	 	(v)	where such withholding or deduction is imposed on a payment to an individual and is required to be made pursuant to any European Union Directive on the taxation of
savings implementing the conclusions of the ECOFIN Council meeting of November 26-27, 2000 or any law implementing or complying with, or introduced in order to conform to, such directive; or 

  

	 	(vi)	in respect of any combination of the above. 

 Solely for purposes of this paragraph 4, the term “Holder” of any Note means the direct nominee of any beneficial owner of such Note, which holds such beneficial owner’s interest in such
Note. Notwithstanding the foregoing, the limitations on the Company’s or the Guarantor’s obligation to pay Additional Amounts set forth in clause (i)(b) above shall not apply if the provision of information, documentation or other evidence
described in such clause (i)(b) would be materially more onerous, in form, in procedure or in the substance of information disclosed, to a Holder or beneficial owner of a Note (taking into account any relevant differences between U.S. and Cayman
Islands or Brazilian law, regulation or administrative practice) than comparable information or other reporting requirements imposed under U.S. tax law (including tax treaties between the United States and the Cayman Islands or Brazil), regulations
(including proposed regulations) and administrative practice. 
 The Company or the Guarantor, as the case may be, shall
promptly provide the Trustee with documentation (which may consist of certified copies of such documentation) satisfactory to the Trustee evidencing the payment of Foreign Taxes in respect of which the Company or the Guarantor has paid any
Additional Amounts. Copies of such documentation shall be made available to the Holders of the Notes or the Paying Agent, as applicable, upon request therefor. 
 The Company or the Guarantor, as the case may be, shall pay all stamp, issue, registration, documentary or other similar duties, if any, which may be imposed by the Cayman Islands or Brazil or any
governmental entity or political subdivision therein or thereof, or any taxing authority of or in any of the foregoing, with respect to the Indenture or the issuance of the Notes or the Guarantees. 
 All references herein or in the Indenture, to principal, premium, if any, or interest in respect of any Note or Guarantees shall be deemed
to include all Additional Amounts, if any, payable in respect of such principal, premium, if any, or interest, unless the context otherwise requires, and express mention of the payment of Additional Amounts in any provision hereof shall not be
construed as excluding reference to Additional Amounts in those provisions hereof where such express mention is not made. 

 In the event that Additional Amounts actually paid with respect to the Notes pursuant to the
preceding paragraphs are based on rates of deduction or withholding of taxes in excess of the appropriate rate applicable to the Holder of such Notes, and, as a result thereof such Holder is entitled to make claim for a refund or credit of such
excess from the authority imposing such withholding tax, then such Holder shall, by accepting such Notes, be deemed to have assigned and transferred all right, title, and interest to any such claim for a refund or credit of such excess to the
Company or the Guarantor. However, by making such assignment, the Holder makes no representation or warranty that the Company or the Guarantor will be entitled to receive such claim for a refund or credit and incurs no other obligation with respect
thereto. 
 5. All references in the Indenture and the Notes to principal in respect of any Note shall be deemed to mean
and include any Redemption Price payable in respect of such Note pursuant to any redemption right hereunder, and all such references to principal, premium, if any, or interest shall be deemed to mean and include any amount payable in respect hereof
pursuant to Section 10.7 of the Base Indenture. 
 6. The Notes are subject to redemption at the Company’s
option, in whole at any time, or in part from time to time, upon not less than 30 days’ but no more than 60 days’ notice to the Holders of the Notes, at a Redemption Price equal to the greater of (a) 100% of the principal amount of
such Notes and (b) the sum of the present values of each remaining scheduled payment of principal and interest thereon (exclusive of interest accrued to the date of redemption) discounted to the Redemption Date on a semiannual basis (assuming a
360-day year consisting of twelve 30-day months) at the Treasury Rate plus 50 basis points, plus accrued interest on the principal amount of such Notes to but not including the Redemption Date. 
 If, as a result of any amendment to, or change in, the laws (or any rules or regulation thereunder) of the Cayman Islands or Brazil or any
political subdivision or taxing authority thereof or therein affecting taxation or any amendment to or change in an official interpretation, administration or application of such laws, rules or regulations (including a holding by a court of
competent jurisdiction), which amendment or change of such laws, rules or regulations or the interpretation, administration or application thereof becomes effective on or October 1, 2009, the Company or the Guarantor, as the case may be, would
be obligated to pay Additional Amounts in respect of the Notes pursuant to the terms and conditions thereof in excess of those attributable to Cayman Islands or Brazilian withholding tax on the basis of a statutory rate of 15%, and if such
obligation cannot be avoided by the Company or the Guarantor after taking measures the Company or the Guarantor, as applicable, considers reasonable to avoid it, then, at the Company’s option, the Notes may be redeemed in whole, but not in
part, at any time, on giving not less than 30 nor more than 60 days’ notice to the Holders of the Notes, at a Redemption Price equal to 100% of the principal amount thereof, together with accrued interest to but not including the Redemption
Date and any Additional Amounts which would be payable to but not including the Redemption Date; provided, however, that (i) no notice of such redemption may be given earlier than 60 days prior to the earliest date on which the Company or the
Guarantor, as the case may be, would but for such redemption be obligated to pay such Additional Amounts were a payment on the Notes then due, and (ii) at the time such notice is given, such obligation to pay such Additional Amounts remains in
effect. 
 On the Business Day prior to the Redemption Date, the Company will deposit with the Trustee money sufficient to pay
the Redemption Price of the Notes to be redeemed on the Redemption Date, together with accrued interest to but not including the Redemption Date and any Additional Amounts which would be payable to but not including the Redemption Date. On and after
any Redemption Date, interest will cease to accrue on the Notes or any portion of the Notes called for redemption (unless the Company defaults in the payment of the Redemption Price). 

 If less than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected
by the Trustee by such method as the Trustee shall deem fair and appropriate. 
 7. The Indenture permits, subject to
certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each affected series under the Indenture at any time by the Company
and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each affected series. The Indenture also contains provisions (i) permitting the Holders of a majority in principal
amount of the Securities at the time Outstanding of any affected series under the Indenture on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and
(ii) permitting the Holders of a majority in principal amount of the Securities at the time Outstanding of any affected series under the Indenture on behalf of the Holders of all Securities of such series, to waive certain past defaults under
the Indenture and their consequences. 
 Any such consent or waiver by the Holder of this Note shall be conclusive and binding
upon such Holder and upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note. 

8. As provided in and subject to the provisions of the Indenture, the Holder of this Note shall not have the right to institute any
proceeding with respect to the Indenture or for the appointment of a receiver or trustee, or for any other remedy thereunder, unless (i) such Holder shall have previously given the Trustee written notice of a continuing Event of Default with
respect to the Notes, (ii) the Holders of not less than 25% in principal amount of the Notes at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and
offered the Trustee indemnity reasonably satisfactory to it, and the Trustee shall not have received from the Holders of a majority in principal amount of Notes at the time Outstanding a direction inconsistent with such request, and (iii) the
Trustee shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity, provided that no direction inconsistent with such written request has been given to the Trustee during such 60-day
period by the Holders of a majority in principal amount of the Holders of this Note. The foregoing shall not apply to any suit instituted by the Holder of this Note for the enforcement of any payment of principal hereof or any interest hereon on or
after the respective due dates expressed herein. 
 9. No reference herein to the Indenture and no provision of this Note
or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal, premium, if any, and interest on this Note at the times, place and rate, and in the coin or currency, herein
prescribed. 
 10. As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this
Note is registrable in the Security Register, upon surrender of this Note for registration of transfer at the office of the Trustee or agency of the Company in any place where the principal of and any interest on this Note are payable, duly endorsed
by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Notes of this series
and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 The Notes are issuable only in registered form without coupons in denominations of US$1,000 and any integral multiple in excess thereof. As provided in the Indenture and subject to certain limitations
therein set forth, Notes are exchangeable for a like aggregate principal amount of Notes of like tenor of a different authorized denomination, as requested by the Holder surrendering the same. 

 No service charge shall be made for any such registration of transfer or exchange, but the
Company or the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 11. Prior to due surrender of this Note for registration of transfer, the Company, the Guarantor, the Trustee and any agent of the Company, the Guarantor or of the Trustee may treat the Person in
whose name this Note is registered as the owner hereof for all purposes, whether or not this Note is overdue, and neither the Company, the Guarantor, the Trustee nor any such agent shall be affected by notice to the contrary. 
 12. This Note, the Guarantees and the Indenture shall be governed by, and construed in accordance with, the laws of the State of New
York. 
 13. All terms used in this Note which are defined in the Indenture shall have the meanings assigned to them in the
Indenture. 

 ABBREVIATIONS 
 The following abbreviations, when used in the inscription of the face of this Note, shall be construed as though they were written out in full according to applicable laws or regulations: 
 TEN COM — as tenants in common 
 TEN ENT — as tenants by the entireties 
 JT TEN — as joint tenants with
right of survivorship and not as tenants in common 
 UNIF GIFT MIN ACT —
[        ] 
 (Cust)
                                         
                                
 Custodian [        ] under Uniform (Minor) 
 Gifts to Minors Act [        ] 
 (State) 
 Additional abbreviations may also be used though not in the above list. 

 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 
 The initial principal amount of this Global Note is US$500,000,000. 
 The following increases or decreases in this Global Note have been made: 
  

									
	 Date of
 Exchange
	 	 Amount of Decrease
in Principal Amount
of this Global Note
	 	 Amount of Increase
in Principal Amount
of this Global Note
	 	 Principal Amount of this
Global Note
following
such Decrease or Increase
	 	 Signature of Authorized
Officer of Trustee
of
Notes Custodian

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