Common use of Form of Equipment Notes Clause in Contracts

Form of Equipment Notes. The Equipment Notes shall be substantially in the form set forth below: THIS EQUIPMENT NOTE HAS NOT BEEN REGISTERED PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR PURSUANT TO THE SECURITIES LAWS OF ANY STATE. ACCORDINGLY, THIS EQUIPMENT NOTE MAY NOT BE SOLD UNLESS EITHER REGISTERED UNDER THE ACT AND SUCH APPLICABLE STATE LAWS OR AN EXEMPTION FROM SUCH REGISTRATIONS IS AVAILABLE. 2002 EETC - Mortgage (Owned) (10) AMERICAN TRANS AIR, INC. SERIES [_____] EQUIPMENT NOTE DUE [____] ISSUED IN CONNECTION WITH THE BOEING MODEL 737-800 AIRCRAFT BEARING UNITED STATES REGISTRATION NUMBER N___TZ. No. ____ Date: [__________, ____] _______________________ INTEREST RATE MATURITY DATE [___________] [____________] AMERICAN TRANS AIR, INC., an Indiana corporation ("Owner"), hereby promises to pay to WILMINGTON TRUST COMPANY, as Subordination Agent under the Intercreditor Agreement, or the registered assignee thereof, the principal sum of $____________ (the "Original Amount"), together with interest on the amount of the Original Amount remaining unpaid from time to time (calculated on the basis of a year of 360 days comprised of twelve 30-day months) from the date hereof until paid in full at a rate per annum equal to the Debt Rate. The Original Amount of this Equipment Note shall be payable in installments on the dates set forth in Schedule I hereto equal to the corresponding percentage of the Original Amount of this Equipment Note set forth in Schedule I hereto. Accrued but unpaid interest shall be due and payable in quarterly installments commencing on ______ __, 200_, and thereafter on [February 20], [May 20], [August 20] and [November 20] of each year, to and including _______________. Notwithstanding the foregoing, the final payment made on this Equipment Note shall be in an amount sufficient to discharge in full the unpaid Original Amount and all accrued and unpaid interest on, and any other amounts due under, this Equipment Note. Notwithstanding anything to the contrary contained herein, whenever the date scheduled for any payment to be made hereunder or under the Trust Indenture shall not be a Business Day, then such payment shall not be due on such scheduled date but shall be due on the next succeeding Business Day with the same effect as if paid on the originally scheduled due date.

Form of Equipment Notes. The Equipment Notes shall be substantially in the form set forth below: THIS EQUIPMENT NOTE HAS NOT BEEN REGISTERED PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR PURSUANT TO THE SECURITIES LAWS OF ANY STATE. ACCORDINGLY, THIS EQUIPMENT NOTE MAY NOT BE SOLD UNLESS EITHER REGISTERED UNDER THE ACT AND SUCH APPLICABLE STATE LAWS OR AN EXEMPTION FROM SUCH REGISTRATIONS IS AVAILABLE. 2002 EETC - Mortgage (Owned) (10) AMERICAN TRANS AIRFIRST SECURITY BANK, INCNATIONAL ASSOCIATION, AS OWNER TRUSTEE UNDER TRUST AGREEMENT [___] DATED AS OF [_______________, 199_]. SERIES [_____] LIMITED RECOURSE EQUIPMENT NOTE DUE [____] ISSUED IN CONNECTION WITH THE BOEING MODEL 737-800 [_______] AIRCRAFT BEARING UNITED STATES REGISTRATION NUMBER N___TZN[_____]. No. ____ Date: [[ __________, __199__] _____$__________________ INTEREST RATE MATURITY DATE [_____________] [____________] AMERICAN TRANS AIRFIRST SECURITY BANK, INC.NATIONAL ASSOCIATION, an Indiana corporation not in its individual capacity but solely as Owner Trustee (herein in such capacity called the "OwnerOwner Trustee") under that certain Trust Agreement [___], dated as of [____________, 199_], between the Owner Participant named therein and First Security Bank, National Association (herein as such Trust Agreement may be supplemented or amended from time to time called the "Trust Agreement"), hereby promises to pay to WILMINGTON TRUST COMPANY, as Subordination Agent under the Intercreditor Agreement__________________, or the registered assignee thereof, the principal sum of $____________ (the "Original Amount"), together with interest on the amount of the Original Amount remaining unpaid from time to time (calculated on the basis of a year of 360 days comprised of twelve 30-day months) from the date hereof until paid in full at a rate per annum equal to the Debt Rate. The Original Amount of this Equipment Note shall be [payable in installments on the dates set forth in Schedule I hereto equal to the corresponding percentage of the Original Amount of this Equipment Note set forth in Schedule I hereto. Accrued but unpaid interest shall be due and payable in quarterly installments commencing on ______ __, 200_, and thereafter on .] [February 20], [May 20], [August 20] and [November 20] of each year, to and including _______________. Notwithstanding the foregoing, the final payment made on this Equipment Note shall be in an amount sufficient to discharge paid in full the unpaid Original Amount and all accrued and unpaid interest on, and any other amounts due under, this ---------- Not included in Series A-2 or Series C-2 Equipment Note. Notwithstanding anything to the contrary contained herein, whenever the date scheduled for any payment to be made hereunder or under the Trust Indenture shall not be a Business Day, then such payment shall not be due on such scheduled date but shall be due on the next succeeding Business Day with the same effect as if paid on the originally scheduled due dateNotes.

Form of Equipment Notes. The Equipment Notes shall be substantially in the form set forth below: THIS EQUIPMENT NOTE HAS NOT BEEN REGISTERED PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED (THE "“ACT"”), OR PURSUANT TO THE SECURITIES LAWS OF ANY STATESTATE OR OTHER JURISDICTION. ACCORDINGLY, THIS EQUIPMENT NOTE MAY NOT BE OFFERED FOR SALE OR SOLD UNLESS EITHER REGISTERED UNDER THE ACT AND SUCH APPLICABLE STATE OR OTHER LAWS OR AN EXEMPTION EXEMPTIONS FROM SUCH REGISTRATIONS IS REGISTRATION REQUIREMENTS ARE AVAILABLE. 2002 EETC - Mortgage (Owned) (10) AMERICAN TRANS AIRIN ADDITION, INCTHIS EQUIPMENT NOTE IS SUBJECT TO RESTRICTIONS ON TRANSFER PURSUANT TO THE PARTICIPATION AGREEMENT REFERRED TO HEREIN. SERIES [2015-1[____][6698] EQUIPMENT NOTE DUE_____] EQUIPMENT NOTE DUE [__, 20____] _ ISSUED IN CONNECTION WITH THE BOEING AIRBUS MODEL 737A321-800 200 AIRCRAFT BEARING UNITED STATES CHILEAN REGISTRATION NUMBER N___TZ. CC-BEE BEING LEASED TO LATAM AIRLINES GROUP S.A. No. .____ Date: [_______, ] $_______________ DEBT RATE MATURITY DATE [____]% _____________, 20 ____ PARINA LEASING LIMITED (together with its successors and permitted assigns, the “Owner”) hereby promises to pay to____] _________, or the registered assignee thereof, the principal amount of _____________________ INTEREST RATE MATURITY DATE [___________] [____________] AMERICAN TRANS AIR, INC., an Indiana corporation Dollars ("Owner"), hereby promises to pay to WILMINGTON TRUST COMPANY, as Subordination Agent under the Intercreditor Agreement, or the registered assignee thereof, the principal sum of $____________ (the "Original Amount"), together with interest ) [on __________]1 [in installments on the Payment Dates set forth in Schedule I hereto, each such installment to be in an amount of set forth in Schedule I hereto opposite the Original Amount Payment Date on which such installment is due,]2 and to pay, on each Payment Date, interest in arrears on the principal amount remaining unpaid from time to time from the date hereof, or from the most recent date to which interest hereon has been paid or duly provided for, until paid in full at a rate per annum (calculated on the basis of a year of 360 days comprised of twelve 30-day months) from the date hereof until paid in full at a rate per annum equal to the Debt Rate. The Original Amount of this Equipment Note shall Rate shown above as such Debt Rate may be payable changed from time to time for such period(s), and in installments on the dates set forth such amount(s) and circumstances, as provided in Schedule I hereto equal to the corresponding percentage Section 2(d) of the Original Amount of this Equipment Note set forth in Schedule I heretorelevant Registration Rights Agreement. Accrued but unpaid interest shall be due and payable in quarterly installments commencing on ______ __, 200_, and thereafter on [February 20], [May 20], [August 20] and [November 20] of each year, to and including _______________. Notwithstanding the foregoing, the final payment made on this Equipment Note shall be in an amount sufficient to discharge in full the unpaid Original Amount principal amount and all accrued and unpaid interest on, and any other amounts due under, this Equipment Note. Note.]3 Notwithstanding anything to the contrary contained herein, whenever the if any date scheduled for any on which a payment to be made hereunder or under the Trust Indenture shall this Equipment Note becomes due and payable is not be a Business Day, then such payment shall not be due made on such scheduled date but shall be due made on the next succeeding Business Day with the same force and effect as if paid made on such scheduled date, and if payment is made on such next succeeding Business Day, no interest shall accrue on the originally amount of such payment from and after such scheduled due date. 1 To be inserted in non-installment Equipment Notes. 2 To be inserted in installment Equipment Notes. 3 To be inserted in installment Equipment Notes.

Form of Equipment Notes. The Equipment Notes shall be substantially in the form set forth below: THIS EQUIPMENT NOTE HAS NOT BEEN REGISTERED PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR PURSUANT TO THE SECURITIES LAWS OF ANY STATE. ACCORDINGLY, THIS EQUIPMENT NOTE MAY NOT BE SOLD UNLESS EITHER REGISTERED UNDER THE ACT AND SUCH APPLICABLE STATE LAWS OR AN EXEMPTION FROM SUCH REGISTRATIONS IS AVAILABLE. 2002 EETC - Mortgage (Owned) (10) AMERICAN TRANS AIRXXXXX FARGO BANK NORTHWEST, INCNATIONAL ASSOCIATION, AS OWNER TRUSTEE UNDER TRUST AGREEMENT [___] DATED AS OF [_______________, 20___]. SERIES [_____] LIMITED RECOURSE EQUIPMENT NOTE DUE [____] ISSUED IN CONNECTION WITH THE BOEING MODEL 737-800 [_______] AIRCRAFT BEARING UNITED STATES REGISTRATION NUMBER N___TZN[_____]. No. ____ Date: [[ __________, _20___] __$_____________________ INTEREST RATE MATURITY DATE ------------- ------------- [____________] [____________] AMERICAN TRANS AIRXXXXX FARGO BANK NORTHWEST, INC.NATIONAL ASSOCIATION, an Indiana corporation not in its individual capacity but solely as Owner Trustee (herein in such capacity called the "OwnerOwner Trustee") under that certain Trust Agreement [___], dated as of [____________, 20___], between the Owner Participant named therein and Xxxxx Fargo Bank Northwest, National Association (herein as such Trust Agreement may be supplemented or amended from time to time called the "Trust Agreement"), hereby promises to pay to WILMINGTON TRUST COMPANY, as Subordination Agent under the Intercreditor Agreement__________________, or the registered assignee thereof, the principal sum of $____________ (the "Original Amount"), together with interest on the amount of the Original Amount remaining unpaid from time to time (calculated on the basis of a year of 360 days comprised of twelve 30-day months) from the date hereof until paid in full at a rate per annum equal to the Debt Rate. The Original Amount of this Equipment Note shall be [payable in installments on the dates set forth in Schedule I hereto equal to the corresponding percentage of the Original Amount of this Equipment Note set forth in Schedule I hereto. .] [paid in full on ____________.] Accrued but unpaid interest shall be due and payable in quarterly semiannual installments commencing on [______ ________, 20020___], and thereafter on [February 20], [May 20], [August 20_______] and [November 20_______] of each year, to and including [_______________]. Notwithstanding the foregoing, the final payment made on this Equipment Note shall be in an amount sufficient to discharge in full the unpaid Original Amount and all accrued and unpaid interest on, and any other amounts due under, this Equipment Note. Notwithstanding anything to the contrary contained herein, whenever the if any date scheduled for any on which a payment to be made hereunder or under the Trust Indenture shall this Equipment Note becomes due and payable is not be a Business Day, then such payment shall not be due made on such scheduled date but shall be due made on the next succeeding Business Day with the same effect as and if paid such payment is made on such next succeeding Business Day, no interest shall accrue on the originally scheduled due dateamount of such payment during such extension.

Form of Equipment Notes. The Equipment Notes shall be substantially in the form set forth below: THIS EQUIPMENT NOTE HAS NOT BEEN REGISTERED PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR PURSUANT TO THE SECURITIES LAWS OF ANY STATE. ACCORDINGLY, THIS EQUIPMENT NOTE MAY NOT BE SOLD UNLESS EITHER REGISTERED UNDER THE ACT AND SUCH APPLICABLE STATE LAWS OR AN EXEMPTION FROM SUCH REGISTRATIONS IS AVAILABLE. 2002 EETC - Mortgage (Owned) (10) AMERICAN TRANS AIRFIRST SECURITY BANK, INCNATIONAL ASSOCIATION, AS OWNER TRUSTEE UNDER TRUST AGREEMENT [___] DATED AS OF [_______________, 20___]. SERIES [_____] LIMITED RECOURSE EQUIPMENT NOTE DUE [____] ISSUED IN CONNECTION WITH THE BOEING MODEL 737-800 [_______] AIRCRAFT BEARING UNITED STATES REGISTRATION NUMBER N___TZN[_____]. No. ____ Date: [[ __________, 20_____ ] $_______________________ INTEREST RATE MATURITY DATE [_____________] [_____________] AMERICAN TRANS AIRFIRST SECURITY BANK, INC.NATIONAL ASSOCIATION, an Indiana corporation not in its individual capacity but solely as Owner Trustee (herein in such capacity called the "OwnerOwner Trustee") under that certain Trust Agreement [___], dated as of [____________, 20___], between the Owner Participant named therein and First Security Bank, National Association (herein as such Trust Agreement may be supplemented or amended from time to time called the "Trust Agreement"), hereby promises to pay to WILMINGTON TRUST COMPANY, as Subordination Agent under the Intercreditor Agreement__________________, or the registered assignee thereof, the principal sum of $____________ (the "Original Amount"), together with interest on the amount of the Original Amount remaining unpaid from time to time (calculated on the basis of a year of 360 days comprised of twelve 30-day months) from the date hereof until paid in full at a rate per annum equal to the Debt Rate. The Original Amount of this Equipment Note shall be [payable in installments on the dates set forth in Schedule I hereto equal to the corresponding percentage of the Original Amount of this Equipment Note set forth in Schedule I hereto. .] [paid in full on ____________.] Accrued but unpaid interest shall be due and payable in quarterly semiannual installments commencing on [______ ________, 20020___], and thereafter on [February 20], [May 20], [August 20_______] and [November 20_______] of each year, to and including [_______________]. Notwithstanding the foregoing, the final payment made on this Equipment Note shall be in an amount sufficient to discharge in full the unpaid Original Amount and all accrued and unpaid interest on, and any other amounts due under, this Equipment Note. Notwithstanding anything to the contrary contained herein, whenever the if any date scheduled for any on which a payment to be made hereunder or under the Trust Indenture shall this Equipment Note becomes due and payable is not be a Business Day, then such payment shall not be due made on such scheduled date but shall be due made on the next succeeding Business Day with the same effect as and if paid such payment is made on such next succeeding Business Day, no interest shall accrue on the originally scheduled due dateamount of such payment during such extension.

Form of Equipment Notes. The Equipment Notes shall be substantially in the form set forth below: THIS EQUIPMENT NOTE HAS NOT BEEN REGISTERED PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR PURSUANT TO THE SECURITIES LAWS OF ANY STATE. ACCORDINGLY, THIS EQUIPMENT NOTE MAY NOT BE SOLD UNLESS EITHER REGISTERED UNDER THE ACT AND SUCH APPLICABLE STATE LAWS OR AN EXEMPTION FROM SUCH REGISTRATIONS IS AVAILABLE. 2002 EETC - Mortgage (Owned) (10) AMERICAN TRANS AIRFIRST SECURITY BANK, INCNATIONAL ASSOCIATION, AS OWNER TRUSTEE UNDER TRUST AGREEMENT [___] DATED AS OF [_______________, 20___]. SERIES [_____] LIMITED RECOURSE EQUIPMENT NOTE DUE [____] ISSUED IN CONNECTION WITH THE BOEING MODEL 737-800 [_______] AIRCRAFT BEARING UNITED STATES REGISTRATION NUMBER N___TZN[_____]. No. ____ Date: [ __________, 20___ ] $----------------------- INTEREST RATE MATURITY DATE [ ----------- ] [------------] FIRST SECURITY BANK, NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner Trustee (herein in such capacity called the "Owner Trustee") under that certain Trust Agreement [___], dated as of [____________, 20____] ], between the Owner Participant named therein and First Security Bank, National Association (herein as such Trust Agreement may be supplemented or amended from time to time called the "Trust Agreement"), hereby promises to pay to _______________________ INTEREST RATE MATURITY DATE [___________] [____________] AMERICAN TRANS AIR, INC., an Indiana corporation ("Owner"), hereby promises to pay to WILMINGTON TRUST COMPANY, as Subordination Agent under the Intercreditor Agreement, or the registered assignee thereof, the principal sum of $____________ (the "Original Amount"), together with interest on the amount of the Original Amount remaining unpaid from time to time (calculated on the basis of a year of 360 days comprised of twelve 30-day months) from the date hereof until paid in full at a rate per annum equal to the Debt Rate. The Original Amount of this Equipment Note shall be [payable in installments on the dates set forth in Schedule I hereto equal to the corresponding percentage of the Original Amount of this Equipment Note set forth in Schedule I hereto. .] [paid in full on ____________.] Accrued but unpaid interest shall be due and payable in quarterly semiannual installments commencing on [______ ________, 20020___], and thereafter on [February 20], [May 20], [August 20_______] and [November 20_______] of each year, to and including [_______________]. Notwithstanding the foregoing, the final payment made on this Equipment Note shall be in an amount sufficient to discharge in full the unpaid Original Amount and all accrued and unpaid interest on, and any other amounts due under, this Equipment Note. Notwithstanding anything to the contrary contained herein, whenever the if any date scheduled for any on which a payment to be made hereunder or under the Trust Indenture shall this Equipment Note becomes due and payable is not be a Business Day, then such payment shall not be due made on such scheduled date but shall be due made on the next succeeding Business Day with the same effect as and if paid such payment is made on such next succeeding Business Day, no interest shall accrue on the originally scheduled due dateamount of such payment during such extension.

Form of Equipment Notes. The Equipment Notes shall be substantially in the form set forth below: THIS EQUIPMENT NOTE HAS NOT BEEN REGISTERED PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR PURSUANT TO THE SECURITIES LAWS OF ANY STATE. ACCORDINGLY, THIS EQUIPMENT NOTE MAY NOT BE SOLD UNLESS EITHER REGISTERED UNDER THE ACT AND SUCH APPLICABLE STATE LAWS OR AN EXEMPTION FROM SUCH REGISTRATIONS IS AVAILABLE. 2002 EETC - Mortgage (Owned) (10) AMERICAN TRANS AIRXXXXX FARGO BANK NORTHWEST, INCNATIONAL ASSOCIATION, AS OWNER TRUSTEE UNDER TRUST AGREEMENT [___] DATED AS OF [_______________, 20__]. SERIES [_____] LIMITED RECOURSE EQUIPMENT NOTE DUE [____] ISSUED IN CONNECTION WITH THE BOEING MODEL 737-800 [_______] AIRCRAFT BEARING UNITED STATES REGISTRATION NUMBER N___TZN[_____]. No. ____ Date: [__________, ____] _____$__________________ INTEREST RATE MATURITY DATE [___________] [____________] AMERICAN TRANS AIRXXXXX FARGO BANK NORTHWEST, INC.NATIONAL ASSOCIATION, an Indiana corporation not in its individual capacity but solely as Owner Trustee (herein in such capacity called the "OwnerOwner Trustee") under that certain Trust Agreement [___], dated as of [____________, 20__], between the Owner Participant named therein and Xxxxx Fargo Bank Northwest, National Association (herein as such Trust Agreement may be supplemented or amended from time to time called the "Trust Agreement"), hereby promises to pay to WILMINGTON TRUST COMPANY, as Subordination Agent under the Intercreditor Agreement__________________, or the registered assignee thereof, the principal sum of $____________ (the "Original Amount"), together with interest on the amount of the Original Amount remaining unpaid from time to time (calculated on the basis of a year of 360 days comprised of twelve 30-day months) from the date hereof until paid in full at a rate per annum equal to the Debt Rate. The Original Amount of this Equipment Note shall be [payable in installments on the dates set forth in Schedule I hereto equal to the corresponding percentage of the Original Amount of this Equipment Note set forth in Schedule I hereto. .] [paid in full on _______.] Accrued but unpaid interest shall be due and payable in quarterly semiannual installments commencing on [______ ________], 20020[__], and thereafter on [February 20], [May 20], [August 20_______] and [November 20_______] of each year, to and including [_______________]. Notwithstanding the foregoing, the final payment made on this Equipment Note shall be in an amount sufficient to discharge in full the unpaid Original Amount and all accrued and unpaid interest on, and any other amounts due under, this Equipment Note. Notwithstanding anything to the contrary contained herein, whenever the if any date scheduled for any on which a payment to be made hereunder or under the Trust Indenture shall this Equipment Note becomes due and payable is not be a Business Day, then such payment shall not be due made on such scheduled date but shall be due made on the next succeeding Business Day with the same effect as and if paid such payment is made on such next succeeding Business Day, no interest shall accrue on the originally scheduled due dateamount of such payment during such extension.

Form of Equipment Notes. (a) The Fixed Rate Equipment Notes shall be substantially in the form set forth below: THIS EQUIPMENT NOTE HAS NOT BEEN REGISTERED PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR PURSUANT TO THE SECURITIES LAWS OF ANY STATE. ACCORDINGLY, THIS EQUIPMENT NOTE MAY NOT BE SOLD UNLESS EITHER REGISTERED UNDER THE ACT AND SUCH APPLICABLE STATE LAWS OR AN EXEMPTION FROM SUCH REGISTRATIONS IS AVAILABLE. 2002 EETC - Mortgage (Owned) (10) AMERICAN TRANS AIRCONTINENTAL AIRLINES, INC. SERIES [_____] EQUIPMENT NOTE DUE [____] ISSUED IN CONNECTION WITH THE BOEING MODEL 737-800 [_____] AIRCRAFT BEARING UNITED STATES REGISTRATION NUMBER N___TZ. N[_____] No. ____ Date: [__________, ____] _______________________ INTEREST RATE MATURITY DATE [___________] [____________] AMERICAN TRANS AIRCONTINENTAL AIRLINES, INC., an Indiana a Delaware corporation ("Owner"), hereby promises to pay to WILMINGTON TRUST COMPANY, as Subordination Agent under the Intercreditor Agreement__________________, or the registered assignee thereof, the principal sum of $____________ (the "Original Amount"), together with interest on the amount of the Original Amount remaining unpaid from time to time (calculated on the basis of a year of 360 days comprised of twelve 30-day months) from the date hereof until paid in full at a rate per annum equal to the Debt Rate. The Original Amount of this Equipment Note shall be [payable in installments on the dates set forth in Schedule I hereto equal to the corresponding percentage of the Original Amount of this Equipment Note set forth in Schedule I hereto. .] [paid in full on ____] Accrued but unpaid interest shall be due and payable in quarterly installments commencing on [______ __, 20020_, _,] and thereafter on [February 20]15, [May 20]15, [August 20] 15 and [November 20] 15 of each year, to and including [_______________. .] Notwithstanding the foregoing, the final payment made on this Equipment Note shall be in an amount sufficient to discharge in full the unpaid Original Amount and all accrued and unpaid interest on, and any other amounts due under, this Equipment Note. Notwithstanding anything to the contrary contained herein, whenever the if any date scheduled for any on which a payment to be made hereunder or under the Trust Indenture shall this Equipment Note becomes due and payable is not be a Business Day, then such payment shall not be due made on such scheduled date but shall be due made on the next succeeding Business Day with the same effect as and if paid such payment is made on such next succeeding Business Day, no interest shall accrue on the originally scheduled due dateamount of such payment during such extension.

Form of Equipment Notes. The Equipment Notes shall be substantially in the form set forth below: THIS EQUIPMENT NOTE HAS NOT BEEN REGISTERED PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR PURSUANT TO THE SECURITIES LAWS OF ANY STATE. ACCORDINGLY, THIS EQUIPMENT NOTE MAY NOT BE SOLD UNLESS EITHER REGISTERED UNDER THE ACT AND SUCH APPLICABLE STATE LAWS OR AN EXEMPTION FROM SUCH REGISTRATIONS IS AVAILABLE. 2002 EETC - Mortgage (Owned) (10) AMERICAN TRANS AIRAVAILABLE FIRST SECURITY BANK, INC. NATIONAL ASSOCIATION, NOT IN ITS INDIVIDUAL CAPACITY BUT SOLELY AS OWNER TRUSTEE UNDER TRUST AGREEMENT ATA 2000-1 DATED AS OF __________, ____ SERIES [_____] NON-RECOURSE EQUIPMENT NOTE DUE [____] ISSUED IN CONNECTION WITH THE BOEING MODEL 737757-800 200ER AIRCRAFT BEARING MANUFACTURER'S SERIAL NUMBER _____ AND UNITED STATES REGISTRATION NUMBER N___TZ. N___AT No. .______ $_______________ Date: [_______] MATURITY DATE [______] [_____, _____] FIRST SECURITY BANK, NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner Trustee (herein in such capacity called the "Owner Trustee") under that certain Trust Agreement N___AT, dated as of __________, ____] , between the Owner Participant named therein and the Owner Trustee (herein as such Trust Agreement may be supplemented or amended from time to time called the "Trust Agreement"), hereby promises to pay to _______________________ INTEREST RATE MATURITY DATE [___________] [____________] AMERICAN TRANS AIR, INC., an Indiana corporation ("Owner"), hereby promises to pay to WILMINGTON TRUST COMPANY, as Subordination Agent under the Intercreditor Agreement, or the registered assignee thereof, the principal sum of $____________ (the "Original Amount"), together with interest on the amount of the Original Amount remaining unpaid from time to time (calculated on the basis of a year of 360 days comprised and payable for the actual number of twelve 30-days elapsed (including the first day monthsbut excluding the last day)) from the date hereof until paid in full at a rate per annum equal to the Debt Rate. The Original Amount of this Equipment Note shall be payable in installments on the dates set forth in Schedule I hereto equal to the corresponding percentage of the Original Amount of this Equipment Note set forth in Schedule I hereto. Accrued but unpaid interest shall be due and payable in quarterly installments commencing on ______ _____, 200____, and thereafter on [February 20]January 15, [May 20]April 15 and July 15, [August 20] and [November 20] October 15 of each year, to and including ________, _______. Notwithstanding the foregoing, the final payment made on this Equipment Note shall be in an amount sufficient to discharge in full the unpaid Original Amount and all accrued and unpaid interest on, and any other amounts due under, this Equipment Note. Notwithstanding anything to the contrary contained herein, whenever the if any date scheduled for any on which a payment to be made hereunder or under the Trust Indenture shall this Equipment Note becomes due and payable is not be a Business Day, Day then such payment shall not be due made on such scheduled date but shall be due made on the next succeeding Business Day with the same effect as and if paid such payment is made on such next succeeding Business Day, no interest shall accrue on the originally scheduled due dateamount of such payment during such extension.

Form of Equipment Notes. The Equipment Notes shall be substantially in the form set forth below: THIS EQUIPMENT NOTE HAS NOT BEEN REGISTERED PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR PURSUANT TO THE SECURITIES LAWS OF ANY STATE. ACCORDINGLY, THIS EQUIPMENT NOTE MAY NOT BE SOLD UNLESS EITHER REGISTERED UNDER THE ACT AND SUCH APPLICABLE STATE LAWS OR AN EXEMPTION FROM SUCH REGISTRATIONS IS AVAILABLE. 2002 EETC - Mortgage (Owned) (10) AMERICAN TRANS AIRFIRST SECURITY BANK, INCNATIONAL ASSOCIATION, AS OWNER TRUSTEE UNDER TRUST AGREEMENT [___] DATED AS OF [_______________, 199_]. SERIES [_____] LIMITED RECOURSE EQUIPMENT NOTE DUE [____] ISSUED IN CONNECTION WITH THE BOEING MODEL 737-800 [_______] AIRCRAFT BEARING UNITED STATES REGISTRATION NUMBER N___TZN[_____]. No. ____ Date: [[ __________, 199_____ ] __$_____________________ INTEREST RATE MATURITY DATE [____________] [______________] AMERICAN TRANS AIRFIRST SECURITY BANK, INC.NATIONAL ASSOCIATION, an Indiana corporation not in its individual capacity but solely as Owner Trustee (herein in such capacity called the "OwnerOwner Trustee") under that certain Trust Agreement [___], dated as of [____________, 199_], between the Owner Participant named therein and First Security Bank, National Association (herein as such Trust Agreement may be supplemented or amended from time to time called the "Trust Agreement"), hereby promises to pay to WILMINGTON TRUST COMPANY, as Subordination Agent under the Intercreditor Agreement__________________, or the registered assignee thereof, the principal sum of $____________ (the "Original Amount"), together with interest on the amount of the Original Amount remaining unpaid from time to time (calculated on the basis of a year of 360 days comprised of twelve 30-day months) from the date hereof until paid in full at a rate per annum equal to the Debt Rate. The Original Amount of this Equipment Note shall be [payable in installments on the dates set forth in Schedule I hereto equal to the corresponding percentage of the Original Amount of this Equipment Note set forth in Schedule I hereto. Accrued but unpaid interest shall be due and payable in quarterly installments commencing on ______ __, 200_, and thereafter on .] [February 20], [May 20], [August 20] and [November 20] of each year, to and including _______________. Notwithstanding the foregoing, the final payment made on this Equipment Note shall be in an amount sufficient to discharge paid in full the unpaid Original Amount and all accrued and unpaid interest on, and any other amounts due under, this ---------- Not included in Series A-2 or Series C-2 Equipment Note. Notwithstanding anything to the contrary contained herein, whenever the date scheduled for any payment to be made hereunder or under the Trust Indenture shall not be a Business Day, then such payment shall not be due on such scheduled date but shall be due on the next succeeding Business Day with the same effect as if paid on the originally scheduled due dateNotes.

Form of Equipment Notes. The Equipment Notes shall be substantially in the form set forth below: THIS EQUIPMENT NOTE HAS NOT BEEN REGISTERED PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR PURSUANT TO THE SECURITIES LAWS OF ANY STATE. ACCORDINGLY, THIS EQUIPMENT NOTE MAY NOT BE SOLD UNLESS EITHER REGISTERED UNDER THE ACT AND SUCH APPLICABLE STATE LAWS OR AN EXEMPTION FROM SUCH REGISTRATIONS IS AVAILABLE. 2002 EETC - Mortgage (Owned) (10) AMERICAN TRANS AIRFIRST SECURITY BANK, INCNATIONAL ASSOCIATION, AS OWNER TRUSTEE UNDER TRUST AGREEMENT [____] DATED AS OF APRIL 21, 1998. SERIES [_____] LIMITED RECOURSE EQUIPMENT NOTE DUE [____] ISSUED IN CONNECTION WITH THE BOEING [BOEING] [XXXXXXXXX XXXXXXX] MODEL 737-800 [____] AIRCRAFT BEARING UNITED STATES REGISTRATION NUMBER N___TZ. N[____] No. ____ Date: [__________, ____] $_______________________ INTEREST RATE MATURITY DATE ------------- ------------- [___________] [_________] FIRST SECURITY BANK, NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner Trustee (herein in such capacity called the "Owner Trustee") under that certain Trust Agreement [___] AMERICAN TRANS AIR_], INC.dated as of April 21, an Indiana corporation 1998, between the Owner Participant named therein and First Security Bank, National Association (herein as such Trust Agreement may be supplemented or amended from time to time called the "OwnerTrust Agreement"), hereby promises to pay to WILMINGTON TRUST COMPANY, as Subordination Agent under the Intercreditor Agreement__________________, or the registered assignee thereof, the principal sum of $____________ (the "Original Amount"), together with interest on the amount of the Original Amount remaining unpaid from time to time (calculated on the basis of a year of 360 days comprised of twelve 30-day months) from the date hereof until paid in full at a rate per annum equal to the Debt Rate. The Original Amount of this Equipment Note shall be payable in installments on the dates set forth in Schedule I hereto equal to the corresponding percentage of the Original Amount of this Equipment Note set forth in Schedule I hereto. Accrued but unpaid interest shall be due and payable in quarterly semiannual installments commencing on ______ __October 15, 200_1998, and thereafter on [February 20], [May 20], [August 20] April 15 and [November 20] October 15 of each year, to and including _______________. Notwithstanding the foregoing, the final payment made on this Equipment Note shall be in an amount sufficient to discharge in full the unpaid Original Amount and all accrued and unpaid interest on, and any other amounts due under, this Equipment Note. Notwithstanding anything to the contrary contained herein, whenever the if any date scheduled for any on which a payment to be made hereunder or under the Trust Indenture shall this Equipment Note becomes due and payable is not be a Business Day, then such payment shall not be due made on such scheduled date but shall be due made on the next succeeding Business Day with the same effect as and if paid such payment is made on such next succeeding Business Day, no interest shall accrue on the originally scheduled due dateamount of such payment during such extension.

Form of Equipment Notes. The Equipment Notes shall be substantially in the form set forth below: THIS EQUIPMENT NOTE HAS NOT BEEN REGISTERED PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED (THE "“ACT"”), OR PURSUANT TO THE SECURITIES LAWS OF ANY STATESTATE OR OTHER JURISDICTION. ACCORDINGLY, THIS EQUIPMENT NOTE MAY NOT BE OFFERED FOR SALE OR SOLD UNLESS EITHER REGISTERED UNDER THE ACT AND SUCH APPLICABLE STATE OR OTHER LAWS OR AN EXEMPTION FROM SUCH REGISTRATIONS REGISTRATION REQUIREMENTS IS AVAILABLE. 2002 EETC - Mortgage (Owned) (10) IN ADDITION, THIS EQUIPMENT NOTE IS SUBJECT TO RESTRICTIONS ON TRANSFER PURSUANT TO THE PARTICIPATION AGREEMENT REFERRED TO HEREIN. AMERICAN TRANS AIRAIRLINES, INC. SERIES 2019-1 [___][XXX.XX.] EQUIPMENT NOTE DUE _____] EQUIPMENT NOTE DUE [__ __, 20__] _ ISSUED IN CONNECTION WITH THE BOEING [AIRBUS] [BOEING] [EMBRAER] MODEL 737-800 [MODEL] (GENERIC MODEL [GENERIC MODEL]) AIRCRAFT BEARING UNITED STATES REGISTRATION NUMBER N___TZ[REG. NO.] No. .____ Date: [__________, __,__] _______$________________ INTEREST DEBT RATE MATURITY DATE [____]% __________ ___, 20___ AMERICAN AIRLINES, INC. (together with its successors and permitted assigns, the “Company”) hereby promises to pay to ___________] [, or the registered assignee thereof, the principal amount of ____________] AMERICAN TRANS AIR, INC., an Indiana corporation ____ Dollars ("Owner"), hereby promises to pay to WILMINGTON TRUST COMPANY, as Subordination Agent under the Intercreditor Agreement, or the registered assignee thereof, the principal sum of $_________) [on ___ (the "Original Amount"), together with interest ________]8 [in installments on the Payment Dates set forth in Schedule I hereto, each 8 To be inserted in non-installment Equipment Notes. Indenture and Security Agreement (American Airlines 2019-1 Aircraft EETC) [Reg. No.] such installment to be in an amount computed by multiplying the original principal amount of this Equipment Note by the Original Amount percentage set forth in Schedule I hereto opposite the Payment Date on which such installment is due,]9 and to pay, on each Payment Date, interest in arrears on the principal amount remaining unpaid from time to time from the date hereof, or from the most recent date to which interest hereon has been paid or duly provided for, until paid in full at a rate per annum (calculated on the basis of a year of 360 days comprised of twelve 30-day months) from the date hereof until paid in full at a rate per annum equal to the Debt Rate. The Original Amount of this Equipment Note shall be payable in installments on the dates set forth in Schedule I hereto equal to the corresponding percentage of the Original Amount of this Equipment Note set forth in Schedule I hereto. Accrued but unpaid interest shall be due and payable in quarterly installments commencing on ______ __, 200_, and thereafter on [February 20], [May 20], [August 20] and [November 20] of each year, to and including _______________Rate shown above. Notwithstanding the foregoing, the final payment made on this Equipment Note shall be in an amount sufficient to discharge in full the unpaid Original Amount principal amount and all accrued and unpaid interest on, and any other amounts due under, this Equipment Note. Notwithstanding anything to the contrary contained herein, whenever the if any date scheduled for any on which a payment to be made hereunder or under the Trust Indenture shall this Equipment Note becomes due and payable is not be a Business Day, then such payment shall not be due made on such scheduled date but shall be due made on the next succeeding Business Day with the same force and effect as if paid made on such scheduled date, and if payment is made on such next succeeding Business Day, no interest shall accrue on the originally amount of such payment from and after such scheduled due date.

Form of Equipment Notes. The Equipment Notes shall be substantially in the form set forth below: THIS EQUIPMENT NOTE HAS NOT BEEN REGISTERED PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR PURSUANT TO THE SECURITIES LAWS OF ANY STATE. ACCORDINGLY, THIS EQUIPMENT NOTE MAY NOT BE SOLD UNLESS EITHER REGISTERED UNDER THE ACT AND SUCH APPLICABLE STATE LAWS OR AN EXEMPTION FROM SUCH REGISTRATIONS IS AVAILABLE. 2002 EETC - Mortgage (Owned) (10) AMERICAN TRANS AIRFIRST SECURITY BANK, INCNATIONAL ASSOCIATION, AS OWNER TRUSTEE UNDER TRUST AGREEMENT [___] DATED AS OF [_______________, 20___]. SERIES [_____] LIMITED RECOURSE EQUIPMENT NOTE DUE [____] ISSUED IN CONNECTION WITH THE BOEING MODEL 737-800 [_______] AIRCRAFT BEARING UNITED STATES REGISTRATION NUMBER N___TZN[_____]. No. ____ Date: [[ __________, 20_____ ] _____$__________________ INTEREST RATE MATURITY DATE [_____________] [____________] AMERICAN TRANS AIRFIRST SECURITY BANK, INC.NATIONAL ASSOCIATION, an Indiana corporation not in its individual capacity but solely as Owner Trustee (herein in such capacity called the "OwnerOwner Trustee") under that certain Trust Agreement [___], dated as of [____________, 20___], between the Owner Participant named therein and First Security Bank, National Association (herein as such Trust Agreement may be supplemented or amended from time to time called the "Trust Agreement"), hereby promises to pay to WILMINGTON TRUST COMPANY, as Subordination Agent under the Intercreditor Agreement__________________, or the registered assignee thereof, the principal sum of $____________ (the "Original Amount"), together with interest on the amount of the Original Amount remaining unpaid from time to time (calculated on the basis of a year of 360 days comprised of twelve 30-day months) from the date hereof until paid in full at a rate per annum equal to the Debt Rate. The Original Amount of this Equipment Note shall be [payable in installments on the dates set forth in Schedule I hereto equal to the corresponding percentage of the Original Amount of this Equipment Note set forth in Schedule I hereto.] [paid in full -------------------- Not included in Series A-2 or Series C-2 Equipment Notes. on ____________.] Accrued but unpaid interest shall be due and payable in quarterly semiannual installments commencing on [______ ________, 20020___], and thereafter on [February 20], [May 20], [August 20_______] and [November 20_______] of each year, to and including [_______________]. Notwithstanding the foregoing, the final payment made on this Equipment Note shall be in an amount sufficient to discharge in full the unpaid Original Amount and all accrued and unpaid interest on, and any other amounts due under, this Equipment Note. Notwithstanding anything to the contrary contained herein, whenever the if any date scheduled for any on which a payment to be made hereunder or under the Trust Indenture shall this Equipment Note becomes due and payable is not be a Business Day, then such payment shall not be due made on such scheduled date but shall be due made on the next succeeding Business Day with the same effect as and if paid such payment is made on such next succeeding Business Day, no interest shall accrue on the originally scheduled due dateamount of such payment during such extension.

Form of Equipment Notes. The Equipment Notes shall be substantially in the form set forth below: THIS EQUIPMENT NOTE HAS NOT BEEN REGISTERED PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR PURSUANT TO THE SECURITIES LAWS OF ANY STATE. ACCORDINGLY, THIS EQUIPMENT NOTE MAY NOT BE SOLD UNLESS EITHER REGISTERED UNDER THE ACT AND SUCH APPLICABLE STATE LAWS OR AN EXEMPTION FROM SUCH REGISTRATIONS IS AVAILABLE. 2002 EETC - Mortgage (Owned) (10) AMERICAN TRANS AIRCONTINENTAL AIRLINES, INC. SERIES [_____] EQUIPMENT NOTE DUE [____] ISSUED IN CONNECTION WITH THE BOEING MODEL 737-800 [_______] AIRCRAFT BEARING UNITED STATES REGISTRATION NUMBER N___TZN[_____]. No. ____ Date: [__________, ____] _______________________ INTEREST RATE MATURITY DATE ------------- ------------- [___________] [____________] AMERICAN TRANS AIRCONTINENTAL AIRLINES, INC., an Indiana a Delaware corporation ("Owner"), hereby promises to pay to WILMINGTON TRUST COMPANY, as Subordination Agent under the Intercreditor Agreement__________________, or the registered assignee thereof, the principal sum of $____________ (the "Original Amount"), together with interest on the amount of the Original Amount remaining unpaid from time to time (calculated on the basis of a year of 360 days comprised of twelve 30-day months) from the date hereof until paid in full at a rate per annum equal to the Debt Rate. The Original Amount of this Equipment Note shall be [payable in installments on the dates set forth in Schedule I hereto equal to the corresponding percentage of the Original Amount of this Equipment Note set forth in Schedule I hereto. .] [paid in full on ____] Accrued but unpaid interest shall be due and payable in quarterly semiannual installments commencing on [______, __ 20__, 200_, ,] and thereafter on [February 20], [May 20], [August 20______] and [November 20______] of each year, to and including [_______________. .] Notwithstanding the foregoing, the final payment made on this Equipment Note shall be in an amount sufficient to discharge in full the unpaid Original Amount and all accrued and unpaid interest on, and any other amounts due under, this Equipment Note. Notwithstanding anything to the contrary contained herein, whenever the if any date scheduled for any on which a payment to be made hereunder or under the Trust Indenture shall this Equipment Note becomes due and payable is not be a Business Day, then such payment shall not be due made on such scheduled date but shall be due made on the next succeeding Business Day with the same effect as and if paid such payment is made on such next succeeding Business Day, no interest shall accrue on the originally scheduled due dateamount of such payment during such extension.

Form of Equipment Notes. The Equipment Notes shall be substantially in the form set forth below: THIS EQUIPMENT NOTE HAS NOT BEEN REGISTERED PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED (THE "“ACT"”), OR PURSUANT TO THE SECURITIES LAWS OF ANY STATESTATE OR OTHER JURISDICTION. ACCORDINGLY, THIS EQUIPMENT NOTE MAY NOT BE OFFERED FOR SALE OR SOLD UNLESS EITHER REGISTERED UNDER THE ACT AND SUCH APPLICABLE STATE OR OTHER LAWS OR AN EXEMPTION EXEMPTIONS FROM SUCH REGISTRATIONS IS REGISTRATION REQUIREMENTS ARE AVAILABLE. 2002 EETC - Mortgage (Owned) (10) AMERICAN TRANS AIRIN ADDITION, INCTHIS EQUIPMENT NOTE IS SUBJECT TO RESTRICTIONS ON TRANSFER PURSUANT TO THE PARTICIPATION AGREEMENT REFERRED TO HEREIN. [[PARINA LEASING LIMITED]/[CUCLILLO LEASING LIMITED]/[RAYADOR LEASING LIMITED]/[CANASTERO LEASING LIMITED]5] SERIES [2015-1[___][MSN] EQUIPMENT NOTE DUE _____] EQUIPMENT NOTE DUE [__ __, 20__] _ ISSUED IN CONNECTION WITH THE BOEING [AIRBUS] [BOEING] MODEL 737-800 [MODEL] (GENERIC MODEL [GENERIC MODEL]) AIRCRAFT BEARING UNITED STATES [CHILEAN]/[BRAZILIAN] REGISTRATION NUMBER N___TZ[REG. NO.] BEING LEASED TO LATAM AIRLINES GROUP S.A. No. .____ Date: [__________, __,__] _______$________________ INTEREST DEBT RATE MATURITY DATE [____]% __________ ___, 20___ 5 To insert the relevant Owner Indenture and Security Agreement [[PARINA LEASING LIMITED]/[CUCLILLO LEASING LIMITED]/[RAYADOR LEASING LIMITED]/[CANASTERO LEASING LIMITED]6] (together with its successors and permitted assigns, the “Owner”) hereby promises to pay to ___________] [, or the registered assignee thereof, the principal amount of ____________] AMERICAN TRANS AIR, INC., an Indiana corporation ____ Dollars ("Owner"), hereby promises to pay to WILMINGTON TRUST COMPANY, as Subordination Agent under the Intercreditor Agreement, or the registered assignee thereof, the principal sum of $_________) [on ___ (the "Original Amount"), together with interest ________]7 [in installments on the Payment Dates set forth in Schedule I hereto, each such installment to be in an amount computed by multiplying the original principal amount of this Equipment Note by the Original Amount percentage set forth in Schedule I hereto opposite the Payment Date on which such installment is due,]8 and to pay, on each Payment Date, interest in arrears on the principal amount remaining unpaid from time to time from the date hereof, or from the most recent date to which interest hereon has been paid or duly provided for, until paid in full at a rate per annum (calculated on the basis of a year of 360 days comprised of twelve 30-day months) from the date hereof until paid in full at a rate per annum equal to the Debt Rate. The Original Amount of this Equipment Note shall Rate shown above as such Debt Rate may be payable changed from time to time for such period(s), and in installments on the dates set forth such amount(s) and circumstances, as provided in Schedule I hereto equal to the corresponding percentage Section 2(d) of the Original Amount of this Equipment Note set forth in Schedule I heretorelevant Registration Rights Agreement. Accrued but unpaid interest shall be due and payable in quarterly installments commencing on ______ __, 200_, and thereafter on [February 20], [May 20], [August 20] and [November 20] of each year, to and including _______________. Notwithstanding the foregoing, the final payment made on this Equipment Note shall be in an amount sufficient to discharge in full the unpaid Original Amount principal amount and all accrued and unpaid interest on, and any other amounts due under, this Equipment Note. Note.]9 Notwithstanding anything to the contrary contained herein, whenever the if any date scheduled for any on which a payment to be made hereunder or under the Trust Indenture shall this Equipment Note becomes due and payable is not be a Business Day, then such payment shall not be due made on such scheduled date but shall be due made on the next succeeding Business Day with the same force and effect as if paid made on such scheduled date, and if payment is made on such next succeeding Business Day, no interest shall accrue on the originally amount of such payment from and after such scheduled due date.

Form of Equipment Notes. The Equipment Notes shall be substantially in the form set forth below: THIS EQUIPMENT NOTE HAS NOT BEEN REGISTERED PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR PURSUANT TO THE SECURITIES LAWS OF ANY STATE. ACCORDINGLY, THIS EQUIPMENT NOTE MAY NOT BE SOLD UNLESS EITHER REGISTERED UNDER THE ACT AND SUCH APPLICABLE STATE LAWS OR AN EXEMPTION FROM SUCH REGISTRATIONS IS AVAILABLE. 2002 EETC - Mortgage (Owned) (10) AMERICAN TRANS AIRFIRST SECURITY BANK, INCNATIONAL ASSOCIATION, AS OWNER TRUSTEE UNDER TRUST AGREEMENT ___ DATED AS OF _______________, 199_. SERIES [_____] LIMITED RECOURSE EQUIPMENT NOTE DUE [____] ISSUED IN CONNECTION WITH THE BOEING MODEL 737-800 _______ AIRCRAFT BEARING UNITED STATES REGISTRATION NUMBER N___TZN_____. No. ____ Date: [[ __________, 199__ ] $----------------------- INTEREST RATE MATURITY DATE ------------- ------------- [-----------] [------------] FIRST SECURITY BANK, NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner Trustee (herein in such capacity called the "Owner Trustee") under that certain Trust Agreement ___, dated as of ____] ________, 199_, between the Owner Participant named therein and First Security Bank, National Association (herein as such Trust Agreement may be supplemented or amended from time to time called the "Trust Agreement"), hereby promises to pay to _______________________ INTEREST RATE MATURITY DATE [___________] [____________] AMERICAN TRANS AIR, INC., an Indiana corporation ("Owner"), hereby promises to pay to WILMINGTON TRUST COMPANY, as Subordination Agent under the Intercreditor Agreement, or the registered assignee thereof, the principal sum of $____________ (the "Original Amount"), together with interest on the amount of the Original Amount remaining unpaid from time to time (calculated on the basis of a year of 360 days comprised of twelve 30-day months) from the date hereof until paid in full at a rate per annum equal to the Debt Rate. The Original Amount of this Equipment Note shall be payable in installments on the dates set forth in Schedule I hereto equal to the corresponding percentage of the Original Amount of this Equipment Note set forth in Schedule I hereto. Accrued but unpaid interest shall be due and payable in quarterly semiannual installments commencing on ______ ________, 200199_, and thereafter on [February 20], [May 20], [August 20] January 2 and [November 20] July 2 of each year, to and including _______________. Notwithstanding the foregoing, the final payment made on this Equipment Note shall be in an amount sufficient to discharge in full the unpaid Original Amount and all accrued and unpaid interest on, and any other amounts due under, this Equipment Note. Notwithstanding anything to the contrary contained herein, whenever the if any date scheduled for any on which a payment to be made hereunder or under the Trust Indenture shall this Equipment Note becomes due and payable is not be a Business Day, then such payment shall not be due made on such scheduled date but shall be due made on the next succeeding Business Day with the same effect as and if paid such payment is made on such next succeeding Business Day, no interest shall accrue on the originally scheduled due dateamount of such payment during such extension.

Form of Equipment Notes. The Equipment Notes shall be substantially in the form set forth below: THIS EQUIPMENT NOTE HAS NOT BEEN REGISTERED PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR PURSUANT TO THE SECURITIES LAWS OF ANY STATE. ACCORDINGLY, THIS EQUIPMENT NOTE MAY NOT BE SOLD UNLESS EITHER REGISTERED UNDER THE ACT AND SUCH APPLICABLE STATE LAWS OR AN EXEMPTION FROM SUCH REGISTRATIONS IS AVAILABLE. 2002 EETC - Mortgage (Owned) (10) AMERICAN TRANS AIRFIRST SECURITY BANK, INCNATIONAL ASSOCIATION, AS OWNER TRUSTEE UNDER TRUST AGREEMENT [___] DATED AS OF [_______________, 20__]. SERIES [_____] LIMITED RECOURSE EQUIPMENT NOTE DUE [____] ISSUED IN CONNECTION WITH THE BOEING MODEL 737-800 [_______] AIRCRAFT BEARING UNITED STATES REGISTRATION NUMBER N___TZN[_____]. No. ____ Date: [__________, ____] _____$__________________ INTEREST RATE MATURITY DATE [____________] [____________] AMERICAN TRANS AIRFIRST SECURITY BANK, INC.NATIONAL ASSOCIATION, an Indiana corporation not in its individual capacity but solely as Owner Trustee (herein in such capacity called the "OwnerOwner Trustee") under that certain Trust Agreement [___], dated as of [____________, 20__], between the Owner Participant named therein and First Security Bank, National Association (herein as such Trust Agreement may be supplemented or amended from time to time called the "Trust Agreement"), hereby promises to pay to WILMINGTON TRUST COMPANY, as Subordination Agent under the Intercreditor Agreement__________________, or the registered assignee thereof, the principal sum of $____________ (the "Original Amount"), together with interest on the amount of the Original Amount remaining unpaid from time to time (calculated on the basis of a year of 360 days comprised of twelve 30-day months) from the date hereof until paid in full at a rate per annum equal to the Debt Rate. The Original Amount of this Equipment Note shall be [payable in installments on the dates set forth in Schedule I hereto equal to the corresponding percentage of the Original Amount of this Equipment Note set forth in Schedule I hereto. .] [paid in full on _______.] Accrued but unpaid interest shall be due and payable in quarterly semiannual installments commencing on [______ ________], 20020[__], and thereafter on [February 20], [May 20], [August 20_______] and [November 20_______] of each year, to and including [_______________]. Notwithstanding the foregoing, the final payment made on this Equipment Note shall be in an amount sufficient to discharge in full the unpaid Original Amount and all accrued and unpaid interest on, and any other amounts due under, this Equipment Note. Notwithstanding anything to the contrary contained herein, whenever the if any date scheduled for any on which a payment to be made hereunder or under the Trust Indenture shall this Equipment Note becomes due and payable is not be a Business Day, then such payment shall not be due made on such scheduled date but shall be due made on the next succeeding Business Day with the same effect as and if paid such payment is made on such next succeeding Business Day, no interest shall accrue on the originally scheduled due dateamount of such payment during such extension.