Common use of Private Notes Clause in Contracts

Private Notes. Class A-1 Notes Credit Suisse Securities (USA) LLC Deutsche Bank Securities Inc. ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated CIBC World Markets Corp. Commerz Markets LLC Pricing Date: November 14, 2012 Time of Sale: 11:05 a.m. (EST), November 14, 2012 Closing Date: November 21, 2012 The ratings on each Class of Publicly Registered Notes from the NRSROs specified in the Time of Sale Information. Class A-2 Notes $ 342,700,000 0.40 % 99.82617 % 0.170 % September 15, 2015 Class A-3 Notes $ 326,200,000 0.51 % 99.77229 % 0.220 % April 15, 2017 Class A-4 Notes $ 95,610,000 0.67 % 99.71976 % 0.270 % March 15, 2018 Class B Notes $ 31,560,000 1.01 % 99.66560 % 0.300 % May 15, 2018 Class C Notes $ 21,040,000 1.23 % 99.65090 % 0.330 % August 15, 2018 Class D Notes $ 21,040,000 1.97 % 99.61170 % 0.350 % May 15, 2019 ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated $ 102,810,000 $ 97,860,000 $ 28,684,000 Credit Suisse Securities (USA) LLC 102,810,000 97,860,000 28,682,000 Deutsche Bank Securities Inc. 102,810,000 97,860,000 28,682,000 CIBC World Markets Corp. 17,135,000 16,310,000 4,781,000 Commerz Markets LLC 17,135,000 16,310,000 4,781,000 Total $ 342,700,000 $ 326,200,000 $ 95,610,000 ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated $ 10,520,000 $ 7,014,000 $ 7,014,000 Credit Suisse Securities (USA) LLC 10,520,000 7,013,000 7,013,000 Deutsche Bank Securities Inc. 10,520,000 7,013,000 7,013,000 Total $ 31,560,000 $ 21,040,000 $ 21,040,000 Trust: Ford Credit Auto Owner Trust 2012-D. Owner Trustee: U.S. Bank Trust National Association. Indenture Trustee: The Bank of New York Mellon.

Private Notes. Class A-1 Notes Credit Suisse Agricole Securities (USA) LLC Deutsche Bank Securities Inc. ▇▇▇▇▇▇▇, Sachs & Co. ▇.▇. ▇▇▇▇▇▇ Lynch, Pierce, Securities LLC ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated CIBC World Markets Corp. Commerz Markets Co. LLC Pricing Date: November 14March 12, 2012 2013 Time of Sale: 11:05 a.m. 3:49 PM (ESTEDT), November 14March 12, 2012 2013 Closing Date: November 21March 20, 2012 2013 The ratings on each Class of Publicly Registered Notes from the NRSROs specified in the Time of Sale Information. Class A-2 Notes $ 342,700,000 0.40 344,000,000 0.46 % 99.82617 99.79189 % 0.170 0.200 % September May 15, 2015 Class A-3 Notes $ 326,200,000 0.51 344,000,000 0.60 % 99.77229 99.74018 % 0.220 0.250 % March 15, 2016 Class A-4 Notes $ 69,470,000 0.78 % 99.69588 % 0.300 % April 15, 2017 Class A-4 Notes $ 95,610,000 0.67 % 99.71976 % 0.270 % March 15, 2018 2016 Class B Notes $ 31,560,000 44,680,000 1.01 % 99.66560 % 0.300 % May 15, 2018 Class C Notes $ 21,040,000 1.23 % 99.65090 % 0.330 % August 15, 2018 Class D Notes $ 21,040,000 1.97 % 99.61170 99.62538 % 0.350 % May 15, 2019 2016 Class C Notes $ 44,680,000 1.28 % 99.59077 % 0.400 % June 15, 2016 Class D Notes $ 31,276,000 1.79 % 99.54920 % 0.450 % October 15, 2017 Credit Agricole Securities (USA) Inc. $ 86,000,000 $ 86,000,000 $ 17,368,000 ▇▇▇▇▇▇▇, Sachs & Co. 86,000,000 86,000,000 17,367,000 ▇.▇. ▇▇▇▇▇▇ Securities LLC 86,000,000 86,000,000 17,368,000 ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Lynch& Co. LLC 86,000,000 86,000,000 17,367,000 Total $ 344,000,000 $ 344,000,000 $ 69,470,000 Credit Agricole Securities (USA) Inc. $ 11,170,000 $ 11,170,000 $ 7,819,000 ▇▇▇▇▇▇▇, Pierce, Sachs & Co. 11,170,000 11,170,000 7,819,000 ▇.▇. ▇▇▇▇▇▇ Securities LLC 11,170,000 11,170,000 7,819,000 ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated $ 102,810,000 $ 97,860,000 $ 28,684,000 Credit Suisse Securities (USA) Co. LLC 102,810,000 97,860,000 28,682,000 Deutsche Bank Securities Inc. 102,810,000 97,860,000 28,682,000 CIBC World Markets Corp. 17,135,000 16,310,000 4,781,000 Commerz Markets LLC 17,135,000 16,310,000 4,781,000 11,170,000 11,170,000 7,819,000 Total $ 342,700,000 44,680,000 $ 326,200,000 44,680,000 $ 95,610,000 ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated $ 10,520,000 $ 7,014,000 $ 7,014,000 Credit Suisse Securities (USA) LLC 10,520,000 7,013,000 7,013,000 Deutsche Bank Securities Inc. 10,520,000 7,013,000 7,013,000 Total $ 31,560,000 $ 21,040,000 $ 21,040,000 31,276,000 Trust: Ford Credit Auto Owner Lease Trust 20122013-D. A. Owner Trustee: U.S. Bank Trust National Association. Indenture Trustee: The Bank of New York Mellon.

Private Notes. Class A-1 Notes Credit Suisse Securities (USA) LLC Barclays Capital Inc. Deutsche Bank Securities Inc. ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated CIBC World Markets Corp. Commerz Markets LLC RBS Securities Inc. BB Securities Limited Lloyds Securities Inc. Pricing Date: November 14March 18, 2012 2014 Time of Sale: 11:05 a.m. 1:20 PM (ESTEDT), November 14March 18, 2012 2014 Closing Date: November 21March 26, 2012 2014 The ratings on each Class of Publicly Registered Notes from the NRSROs specified in the Time of Sale Information. Class A-2 A-2a Notes $ 342,700,000 0.40 132,000,000 0.50% 99.82617 99.79833 % 0.170 0.200 % September October 15, 2015 2016 Class A-2b Notes $ 393,000,000 one-month LIBOR + 0.18% 99.80000 % 0.200 % October 15, 2016 Class A-3 Notes $ 326,200,000 0.51 375,000,000 0.68% 99.77229 99.73543 % 0.220 0.250 % April 15, 2017 Class A-4 Notes $ 95,610,000 0.67 120,000,000 0.90% 99.71976 99.69716 % 0.270 0.300 % March June 15, 2018 2017 Class B Notes $ 31,560,000 1.01 70,290,000 1.16% 99.66560 99.63574 % 0.300 % May 15, 2018 Class C Notes $ 21,040,000 1.23 % 99.65090 % 0.330 0.350 % August 15, 2018 Class D Notes 2017 Barclays Capital Inc. $ 21,040,000 1.97 % 99.61170 % 0.350 % May 15, 2019 ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated 39,600,000 $ 102,810,000 117,900,000 $ 97,860,000 $ 28,684,000 Credit Suisse Securities (USA) LLC 102,810,000 97,860,000 28,682,000 112,500,000 Deutsche Bank Securities Inc. 102,810,000 97,860,000 28,682,000 CIBC World Markets Corp. 17,135,000 16,310,000 4,781,000 Commerz Markets LLC 17,135,000 16,310,000 4,781,000 39,600,000 117,900,000 112,500,000 RBS Securities Inc. 39,600,000 117,900,000 112,500,000 BB Securities Limited 6,600,000 19,650,000 18,750,000 Lloyds Securities Inc. 6,600,000 19,650,000 18,750,000 Total $ 342,700,000 132,000,000 $ 326,200,000 393,000,000 $ 95,610,000 ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated 375,000,000 Barclays Capital Inc. $ 10,520,000 36,000,000 $ 7,014,000 $ 7,014,000 Credit Suisse Securities (USA) LLC 10,520,000 7,013,000 7,013,000 23,430,000 Deutsche Bank Securities Inc. 10,520,000 7,013,000 7,013,000 36,000,000 $ 23,430,000 RBS Securities Inc. 36,000,000 $ 23,430,000 BB Securities Limited 6,000,000 — Lloyds Securities Inc. 6,000,000 — Total $ 31,560,000 120,000,000 $ 21,040,000 $ 21,040,000 70,290,000 Trust: Ford Credit Auto Owner Lease Trust 20122014-D. A. Owner Trustee: U.S. Bank Trust National Association. Indenture Trustee: The Bank of New York Mellon.

Private Notes. Class A-1 Notes Credit Suisse Securities (USA) LLC Deutsche Bank Securities Inc. ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated CIBC World Markets Corp. Commerz Markets Credit Suisse Securities (USA) LLC RBC Capital Markets, LLC Banco Bradesco BBI S.A. Lloyds Securities Inc. Pricing Date: November May 14, 2012 2013 Time of Sale: 11:05 a.m. 12:22 p.m. (EST), November May 14, 2012 2013 Closing Date: November May 21, 2012 2013 The ratings on each Class of Publicly Registered Notes from the NRSROs specified in the Time of Sale Information. Class A-2 Notes $ 342,700,000 0.40 434,800,000 0.38 % 99.82617 99.82195 % 0.170 % September February 15, 2015 2016 Class A-3 Notes $ 326,200,000 0.51 406,400,000 0.57 % 99.77229 99.77482 % 0.220 % April October 15, 2017 Class A-4 Notes $ 95,610,000 0.67 116,330,000 0.76 % 99.71976 99.71410 % 0.270 % March August 15, 2018 Class B Notes $ 31,560,000 1.01 39,460,000 1.11 % 99.66560 99.69837 % 0.300 % May October 15, 2018 Class C Notes $ 21,040,000 1.23 26,310,000 1.32 % 99.65090 99.65318 % 0.330 % August January 15, 2018 2019 Class D Notes $ 21,040,000 1.97 26,310,000 1.82 % 99.61170 99.64588 % 0.350 % May November 15, 2019 ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated $ 102,810,000 130,440,000 $ 97,860,000 121,920,000 $ 28,684,000 34,899,000 Credit Suisse Securities (USA) LLC 102,810,000 97,860,000 28,682,000 Deutsche Bank 130,440,000 121,920,000 34,899,000 RBC Capital Markets, LLC 130,440,000 121,920,000 34,900,000 Banco Bradesco BBI S.A. 21,740,000 20,320,000 5,816,000 Lloyds Securities Inc. 102,810,000 97,860,000 28,682,000 CIBC World Markets Corp. 17,135,000 16,310,000 4,781,000 Commerz Markets LLC 17,135,000 16,310,000 4,781,000 21,740,000 20,320,000 5,816,000 Total $ 342,700,000 434,800,000 $ 326,200,000 406,400,000 $ 95,610,000 116,330,000 ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated $ 10,520,000 13,153,000 $ 7,014,000 8,770,000 $ 7,014,000 8,770,000 Credit Suisse Securities (USA) LLC 10,520,000 7,013,000 7,013,000 Deutsche Bank Securities Inc. 10,520,000 7,013,000 7,013,000 13,153,000 8,770,000 8,770,000 RBC Capital Markets, LLC 13,154,000 8,770,000 8,770,000 Total $ 31,560,000 39,460,000 $ 21,040,000 26,310,000 $ 21,040,000 26,310,000 Trust: Ford Credit Auto Owner Trust 20122013-D. B. Owner Trustee: U.S. Bank Trust National Association. Indenture Trustee: The Bank of New York Mellon.

Private Notes. Class A-1 Notes Class B Notes Class C Notes Class D Notes Barclays Capital Inc. ▇.▇. ▇▇▇▇▇▇ Securities Inc. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & Co. Incorporated Credit Suisse Securities (USA) LLC Deutsche Bank HSBC Securities (USA) LLC Pricing Date: November 18, 2009 Time of Sale: 1:58 PM (EST), November 18, 2009 Closing Date: November 30, 2009 Class A-2 Notes Aaa AAA Class A-3 Notes Aaa AAA Class A-4 Notes Aaa AAA Class A-2 Notes $ 212,000,000 0.80 % 99.74051 % March 15, 2012 Class A-3 Notes $ 391,000,000 1.51 % 99.65703 % January 15, 2014 Class A-4 Notes $ 128,600,000 2.42 % 99.54769 % November 15, 2014 Barclays Capital Inc. $ 98,400,000 $ 180,600,000 $ 59,190,000 ▇.▇. ▇▇▇▇▇▇ Securities Inc. $ 98,400,000 $ 180,600,000 $ 59,190,000 ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated CIBC World Markets Corp. Commerz Markets LLC Pricing Date: November 14, 2012 Time of Sale: 11:05 a.m. (EST), November 14, 2012 Closing Date: November 21, 2012 The ratings on each Class of Publicly Registered Notes from the NRSROs specified in the Time of Sale InformationCo. Incorporated. Class A-2 Notes $ 342,700,000 0.40 % 99.82617 % 0.170 % September 15, 2015 Class A-3 Notes 98,400,000 $ 326,200,000 0.51 % 99.77229 % 0.220 % April 15, 2017 Class A-4 Notes 180,600,000 $ 95,610,000 0.67 % 99.71976 % 0.270 % March 15, 2018 Class B Notes $ 31,560,000 1.01 % 99.66560 % 0.300 % May 15, 2018 Class C Notes $ 21,040,000 1.23 % 99.65090 % 0.330 % August 15, 2018 Class D Notes $ 21,040,000 1.97 % 99.61170 % 0.350 % May 15, 2019 ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated $ 102,810,000 $ 97,860,000 $ 28,684,000 59,190,000 Credit Suisse Securities (USA) LLC 102,810,000 97,860,000 28,682,000 Deutsche Bank Securities Inc. 102,810,000 97,860,000 28,682,000 CIBC World Markets Corp. 17,135,000 16,310,000 4,781,000 Commerz Markets LLC 17,135,000 16,310,000 4,781,000 Total LLC. $ 342,700,000 16,400,000 $ 326,200,000 30,100,000 $ 95,610,000 ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated $ 10,520,000 $ 7,014,000 $ 7,014,000 Credit Suisse 9,865,000 HSBC Securities (USA) LLC 10,520,000 7,013,000 7,013,000 Deutsche Bank Securities Inc. 10,520,000 7,013,000 7,013,000 LLC. $ 16,400,000 $ 30,100,000 $ 9,865,000 Total $ 31,560,000 328,000,000 $ 21,040,000 602,000,000 $ 21,040,000 197,300,000 Trust: Ford Credit Auto Owner Trust 20122009-D. E. Owner Trustee: U.S. Bank Trust National Association. Indenture Trustee: The Bank of New York Mellon.