----

----

|   | (1) | a prospectus, constituting (in the case of Notes to be listed      and/or admitted to trading on a stock exchange, competent authority and/or      market), the Base Prospectus (as defined below) including with respect to      each tranche of Notes issued under the Fiscal Agency Agreement the Final      Terms (as defined below) relating to such tranche of Notes (the      prospectus, as the same may be revised, amended or updated from time to      time as described herein, together with the Final Terms, any other      applicable supplement to the prospectus and the documents incorporated by      reference therein, are hereinafter and as the context may require together      referred to as the “Prospectus”); and |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | a registration document, consitituting the Registration Document      relating to the Programme for the purposes of Article 5.3 of the      Prospectus Directive (as defined below) (the Registration Document, as the      same may be revised, amended or updated from time to time as described      herein, together with any Securities Note (as defined below), any other      applicable supplement to the Registration Document and the documents      incorporated by reference therein, are hereinafter sometimes referred to      as the “Registration Document”). The Issuers and (in the case of Notes      issued by an Issuer other than GE Capital) the Guarantor will also prepare      from time to time Securities Notes being supplemental to the Registration      Document. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

|   | (i) | each document filed by GE Capital pursuant to the U.S. Securities      Exchange Act of 1934, as amended (the “Exchange Act”) which is      incorporated by reference in the Offering Document complied when so filed      in all material respects with the Exchange Act and the rules and      regulations thereunder; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | the relevant Offering Document is accurate in all material respects      and does not, and will not, contain any untrue statement of a material      fact or omit to state any material fact necessary to make the statements      therein, in the light of the circumstances under which they were made, not      misleading; |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | there has been no material adverse change in the condition of GE      Capital and its consolidated affiliates, taken as a whole, or, in the case      of an Issuer other than GE Capital, such Issuer and its consolidated      affiliates, if any, taken as a whole, from such condition set forth in or      incorporated by reference in the Offering Document (excluding any      amendments or supplements to the Offering Document since the relevant      Acceptance Date, if any); |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | the aggregate principal amount of each Issuer’s Notes outstanding      at any one time will not exceed any limitation thereon which may be in      effect by actions of the Board of Directors (or other appropriate      corporate governing body) of each such Issuer and (in the case of Notes      issued by an Issuer other than GE Capital) the Guarantor; |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (v) | the Notes have been duly authorized and, if executed and      authenticated in accordance with the provisions of the Fiscal Agency      Agreement and delivered to and paid for by any purchaser of Notes sold      through a Dealer as agent or through a Dealer as principal pursuant to any      Terms Agreement (as defined in Section 2(b)), would be valid and      binding obligations of the relevant Issuer enforceable against such Issuer      in accordance with their respective terms and would be entitled to the      benefits of the Fiscal Agency Agreement; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (vi) | in the case of Notes issued by an Issuer other than GE Capital, the      Guarantees have been duly authorized and, if the Guarantees endorsed on      the Notes are executed in accordance with the provisions of the Fiscal      Agency Agreement and the Notes are duly executed and authenticated and      delivered to and paid for by any purchaser of Notes sold through a Dealer      as agent or any Dealer as principal pursuant to any Terms Agreement, such      Guarantees would be valid and binding obligations of the Guarantor,      enforceable against the Guarantor in accordance with their terms and would      be entitled to the benefits of the Fiscal Agency Agreement; |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (vii) | no event exists which would constitute an event of default under      the Fiscal Agency Agreement or the Notes; |
|--------|-------|-----------------------------------------------------------------------------------------------------------------|

|   | (viii) | neither the Issuers nor (in the case of Notes issued by an Issuer      other than GE Capital) the Guarantor, nor any of their affiliates, nor any      person acting on any of their behalf, have engaged in or will engage in      any directed selling efforts (within the meaning of Regulation S under the      Securities Act) with respect to the Notes, and they have each complied      with the offering restrictions requirement of Regulation S under the      Securities Act; and |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ix) | in the case of Notes issued by an Issuer other than GE Capital, no      stamp duty or other similar taxes or duties are payable in the country of      the organization of such Issuer or any applicable political subdivision      thereof, in respect of the creation or issue by it of such Notes, or by      any holder of such Notes; |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

----

----

----

----

----

----

----

| (d) | Stabilization. |
|-----|----------------|

----

----

----

----

|   | (i) | in the opinion of such Dealer or Dealers, circumstances shall be      such as: |
|--------|-----|--------------------------------------------------------------------------------|

|   | (A) | to prevent or to a material extent restrict payment for the Notes      in the manner contemplated in the Terms Agreement; or |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------|

|   | (B) | to a material extent prevent or restrict settlement of transactions      in the Notes in the market or otherwise; or |
|--------|-----|----------------------------------------------------------------------------------------------------------------------|

|   | (ii) | in the opinion of such Dealer or Dealers, there shall have been: |
|--------|------|------------------------------------------------------------------|

|   | (A) | any change in national or international political, legal, tax or      regulatory conditions; or |
|--------|-----|-------------------------------------------------------------------------------------------------|

|   | (B) | any calamity or emergency, |
|--------|-----|----------------------------|

|                                      |        |                                                                                                 |
|--------------------------------------|--------|-------------------------------------------------------------------------------------------------|
| General Electric Capital Corporation |
| 260 Long Ridge Road                  |
| Stamford, CT 06927                   |
| Phone:                               |   | (203)      357 4000                                                                             |
| Fax:                                 |   | (203)      357 4975                                                                             |
| Attention:                           |   | Senior Vice President-Corporate Treasury and Global Funding      Operation  |

----

|                                        |        |                     |
|----------------------------------------|--------|---------------------|
| GE Capital Australia Funding Pty. Ltd. |
| 572 Swan Street                        |
| Richmond, Victoria 3121                |
| Australia                              |   |                     |
| Phone:                                 |   | 61 2      8249 3582 |
| Fax:                                   |   | 61 2      8249 3788 |
| Attention:                             |   | Vice      President |

|                                                     |        |                     |
|-----------------------------------------------------|--------|---------------------|
| GE Capital Canada Funding Company                   |
| c/o General Electric Capital      Canada Inc.  |
| 2300 Meadowvale Blvd.                               |
| Mississauga, Ontario                                |
| Canada L5N 5P9                                      |
| Phone:                                              |   | (905)      858 5710 |
| Fax:                                                |   | (905)      858 5234 |
| Attention:                                          |   | Secretary           |

|                             |        |                    |
|-----------------------------|--------|--------------------|
| GE Capital European Funding |
| WIL House                   |
| Shannon Business Park       |
| Shannon                     |   |                    |
| Co. Clare                   |
| Ireland                     |   |                    |
| Fax:                        |   | 353 61      362010 |
| Attention:                  |   | Secretary          |

|                       |        |                    |
|-----------------------|--------|--------------------|
| GE Capital UK Funding |
| WIL House             |
| Shannon Business Park |
| Shannon               |   |                    |
| Co. Clare             |
| Ireland               |   |                    |
| Fax:                  |   | 353 61      362010 |
| Attention:            |   | Secretary          |

|                       |        |                         |
|-----------------------|--------|-------------------------|
| Barclays Bank PLC     |
| 5 The North Colonnade |
| Canary Wharf          |
| London E14 4BB        |
| England               |   |                         |
| Fax:                  |   | 44      (0)20 7773 4876 |
| Attention:            |   | MTN      Dealers        |

----

|                                           |        |                         |
|-------------------------------------------|--------|-------------------------|
| Credit Suisse Securities (Europe) Limited |
| One Cabot Square                          |
| London E14 4QJ                            |
| England                                   |   |                         |
| Fax:                                      |   | 44      (0)20 7905 6128 |
| Attention:                                |   | MTN      Trading        |

|                                   |        |                                         |
|-----------------------------------|--------|-----------------------------------------|
| Goldman Sachs International       |
| Peterborough Court                |
| 133 Fleet Street                  |
| London EC4A 2BB                   |
| England                           |   |                                         |
| Fax:                              |   | 44      (0)20 7774 5711                 |
| Attention:                        |   | Medium-Term Note Desk                   |
|                                   |
| GE Money Bank                     |
| Tour Europlaza                    |
| 20, avenue André Prothin     |
| 92063 Paris La Défense Cedex |
| France                            |   |                                         |
| Fax:                              |   | 33 1      47 75 59 04                   |
| Attention:                        |   | Medium-Term Note Desk                   |
|                                   |
| Merrill Lynch International       |
| Merrill Lynch Financial Centre    |
| 2 King Edward Street              |
| London EC1A 1HQ                   |
| England                           |   |                                         |
| Fax:                              |   | 44      (0)20 7995 2968                 |
| Attention:                        |   | EMTN      Trading and Distribution Desk |
|                                   |
| UBS LIMITED                       |
| 1 Finsbury Avenue                 |
| London EC2M 2PP                   |
| England                           |   |                                         |
| Phone:                            |   | 44 (0)      20 7567 2479                |
| Fax:                              |   | 44 (0)      20 7568 3349                |
| Attention:                        |   | MTNs      and Private Placements        |

----

----

----

|                                             |        |                                                                           |
|---------------------------------------------|--------|---------------------------------------------------------------------------|
| Very truly yours,                           |
|                                             |
| GENERAL ELECTRIC      CAPITAL CORPORATION   |
|                                             |        |
| By:                                         |   | /s/ Kathryn A.      Cassidy                                          |
| Name:                                       |   | Kathryn      A. Cassidy                                                   |
| Title:                                      |   | Senior      Vice President Corporate Treasury and Global FundingOperation |
|                                             |
| GE CAPITAL      AUSTRALIA FUNDING PTY. LTD. |
|                                             |        |
| By:                                         |   | /s/ Kathryn A.      Cassidy                                          |
| Name:                                       |   | Kathryn      A. Cassidy                                                   |
| Title:                                      |   | Authorized Signatory                                                      |
|                                             |
| GE CAPITAL CANADA      FUNDING COMPANY      |
|                                             |        |
| By:                                         |   | /s/ Mark S.Barber                                                    |
| Name:                                       |   | Mark S.      Barber                                                       |
| Title:                                      |   | Vice      President                                                       |
|                                             |
| GE CAPITAL      EUROPEAN FUNDING            |
|                                             |        |
| By:                                         |   | /s/ Patrick      Gilmartin                                           |
| Name:                                       |   | Patrick      Gilmartin                                                    |
| Title:                                      |   | Director/Authorized Signatory                                             |
|                                             |
| GE CAPITAL UK      FUNDING                  |
|                                             |        |
| By:                                         |   | /s/ Patrick      Gilmartin                                           |
| Name:                                       |   | Patrick      Gilmartin                                                    |
| Title:                                      |   | Director/Authorized Signatory                                             |

----

|                                                |        |                                                   |
|------------------------------------------------|--------|---------------------------------------------------|
| BARCLAYS BANK      PLC                         |
|                                                |        |
| By:                                            |   | /s/ Isabelle      Beverley                   |
| Name:                                          |   | Isabelle      Beverley                            |
| Title:                                         |   | Authorised Attorney                               |
|                                                |
| CREDIT SUISSE      SECURITIES (EUROPE) LIMITED |
|                                                |        |
| By:                                            |   | /s/ Eva Kysely                               |
| Name:                                          |   | Eva      Kysely                                   |
| Title:                                         |   | Vice      President                               |
|                                                |
| GE MONEY      BANK                             |
|                                                |        |
| By:                                            |   | /s/ Geert Ameloot                            |
| Name:                                          |   | Geert      Ameloot                                |
| Title:                                         |   | Managing      Director European Funding Operation |
|                                                |
| GOLDMAN SACHS      INTERNATIONAL               |
|                                                |        |
| By:                                            |   | /s/ Lucia      Zarranz-Sastre                |
| Name:                                          |   | Lucia      Zarranz-Sastre                         |
| Title:                                         |   | Executive      Director                           |
|                                                |
| MERRILL LYNCH      INTERNATIONAL               |
|                                                |        |
| By:                                            |   | /s/ J. Flemming                              |
| Name:                                          |   | J.      Flemming                                  |
| Title:                                         |   | Authorised Signatory                              |

----

|                  |        |                         |
|------------------|--------|-------------------------|
| UBS      LIMITED |
|                  |        |
| By:              |   | /s/ RupertWalford  |
| Name:            |   | Rupert      Walford     |
| Title:           |   | Executive      Director |
|                  |        |
| By:              |   | /s/ James Southam  |
| Name:            |   | James      Southam      |
| Title:           |   | Director                |

----

| Re: | Ninth Amended and      Restated Distribution Agreement |
|-----|--------------------------------------------------------|

----

|                    |        |              |
|--------------------|--------|--------------|
| [NAME OF MANAGERS] |
|                    |        |
| By:                |   |    |
| Name:              |   |              |
| Title:             |   |              |

|                   |        |              |
|-------------------|--------|--------------|
| By:               |   |    |
| Name:             |   |              |
| Title:            |   |              |
|                   |
| [RELEVANT ISSUER] |
|                   |        |
| By:               |   |    |
| Name:             |   |              |
| Title:            |   |              |

| *  | May only be required for      issues the principal amount of which exceeds [US$100,000,000] or its      equivalent in other currencies, unless otherwise agreed.   |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                       |              |                  |
|-----------------------|--------------|------------------|
| Name of      Managers |    | Principal Amount |

----

----

|   | (i) | a supplement to the Base Prospectus (each such supplement      hereinafter referred to as the “Final Terms”). The term “Prospectus” is      used herein to describe the Base Prospectus together with the applicable      Final Terms unless the context otherwise requires; or |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | a supplement to the Registration Document (each supplement      hereinafter referred to as the “Securities Note”). The term “Registration      Document” is used herein to describe the Registration Document together      with the applicable Securities Note unless the context otherwise requires. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|           |        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|-----------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Issuance: |   | Bearer Notes. Each      Bearer Note in global form which is intended to be issued in CGN form will      be dated and issued as of the date of authentication by the Fiscal Agent.      Each Bearer Note in global form which is intended to be issued in NGN form      and is intended to be Eurosystem-eligible collateral (a      “Eurosystem-eligible NGN”) will be dated and issued as of the date of both      authentication by the Fiscal Agent and effectuation by the Common      Safekeeper. Each Note will bear an original issue date, which will be (i)      with respect to a Temporary Global Note (or any portion thereof), the date      of its original issue as specified in such Temporary Global Note or (ii)      with respect to any Permanent Global Note or Definitive Bearer Note (or      portion thereof) issued subsequently upon transfer or exchange of a Bearer      Note or in lieu of a destroyed, lost or stolen Bearer Note, the original      issue date of the predecessor Bearer Note, regardless of the date of      authentication (and effectuation, as applicable) of such subsequently      issued Bearer Note. |
|           |        |
|           |   | Each      Bearer Note issued by an Irish Issuer with a maturity of less than one      year shall carry the title “Commercial Paper”, include a statement to the      effect that it is guaranteed and identify the Guarantor by name and bear      the following legend:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|           |        |
|           |   | “This      Note is issued in accordance with an exemption granted by the Irish      Financial Services Regulatory Authority as a constituent part of the      Central Bank and Financial Services Authority of Ireland (“IFSRA”) under      section 8(2) of the Central Bank Act, 1971 of Ireland, as inserted by      section 31 of the Central Bank Act, 1989 of Ireland, as amended by section      70(d) of the Central Bank Act, 1997 of Ireland and as amended by Schedule      3 of Part 4 of the Central Bank and Financial Services Authority of      Ireland Act, 2004. [Insert name of relevant Irish      Issuer] is not regulated by IFSRA arising from the issue of Notes.      An investment in Notes issued by [insert name of relevant Irish      Issuer] with a maturity of less than one year does not have the      status of a bank deposit and is not within the scope of the Deposit      Protection Scheme operated by IFSRA.”                                                                                                                                                                                          |
|           |        |
|           |   | Registered Notes.      Except as described below, each Registered Note will be dated and issued      as of the date of its authentication by the Authenticating Agent. Each      Registered Note will bear an original issue date, which will be (i) with      respect to an original Registered Note (or any portion thereof), its      original issuance date (which will be the settlement date), (ii) with      respect to any Registered Note (or portion thereof) issued subsequently      upon transfer or exchange of a Registered Note or in lieu of  a                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |

----

|                               |        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|-------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                               |   | destroyed, lost or stolen Registered Note, the original issuance      date of the predecessor Registered Note, regardless of the date of      authentication of such subsequently issued Registered Note and (iii) with      respect to any Registered Note (or portion thereof) issued in exchange for      an interest in a Permanent Global Note, the last date on which interest      was paid on such Permanent Global Note or any predecessor  Note.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                               |        |
|                               |   | Each      Registered Note issued by an Irish Issuer with a maturity of less than one      year shall carry the title “Commercial Paper”,      include a statement to the effect that it is guaranteed and identify the      Guarantor by name and bear the following legend:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|                               |        |
|                               |   | “This      Note is issued in accordance with an exemption granted by IFSRA under      section 8(2) of the Central Bank Act, 1971 of Ireland, as inserted by      section 31 of the Central Bank Act, 1989 of Ireland, as amended by section      70(d) of the Central Bank Act, 1997 of Ireland. [Insert name of relevant Irish      Issuer] is not regulated by IFSRA arising from the issue of Notes.      An investment in Notes issued by [insert name of relevant Irish      Issuer] with a maturity of less than one year does not have the      status of a bank deposit and is not within the scope of the Deposit      Protection Scheme operated by IFSRA.”                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                               |        |
| Registration:                 |   | Registered Notes will be issued only in fully registered form      without coupons.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|                               |        |
| Guarantee:                    |   | Each      Note issued by an Issuer other than GE Capital will have the Guarantee of      the Guarantor endorsed thereon.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|                               |        |
| Transfers      and Exchanges: |   | Bearer Notes. For so      long as any of the Notes are represented by a global Note, each person who      is for the time being shown in the records of Euroclear or Clearstream,      Luxembourg as the holder of a particular principal amount of Notes (in      which regard any certificate or other document issued by Euroclear or      Clearstream, Luxembourg as to the principal amount of such Notes standing      to the account of any person shall be conclusive and binding for all      purposes except in the case of manifest error) shall be treated as the      holder of such principal amount of such Notes for all purposes other than      with respect to the payment of principal or interest on the Notes, the      right to which shall be vested, as against the Issuers, the Fiscal Agent      and any Paying Agent solely in the bearer of the relevant global Note in      accordance with and subject to its terms. Transfers of interests in a      Temporary or Permanent Global Note will be made by Euroclear or      Clearstream, Luxembourg in accordance with its customary operating      procedures. Title to definitive Bearer Notes and coupons will pass by      physical delivery. The bearer of each coupon, whether or not attached to a      definitive Bearer Note, shall be subject toand |

----

|                                                               |              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|---------------------------------------------------------------|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                               |    | bound      by all the provisions contained in the definitive Bearer Note to which      such coupon relates. The bearer of any definitive Bearer Note and any      coupon may, to the fullest extent permitted by applicable law, be treated      at all times, by all persons and for all purposes as the absolute owner of      such definitive Bearer Note or coupon, as the case may be, regardless of      any notice of ownership, theft or loss or of any writing thereon. Bearer      Notes may be exchanged, if so provided in the applicable Final Terms or      Securities Note (as the case may be), for Registered Notes.                 |
|                                                               |              |
|                                                               |    | Registered Notes. A      Registered Note may be presented for transfer or exchange at the corporate      trust office of the Registrar or any Transfer Agent appointed under the      Fiscal Agency Agreement. Registered Notes will be exchangeable for other      Registered Notes having identical terms but different denominations      without service charge. Registered Notes will not be exchangeable for      Bearer Notes.                                                                                                                                                                                                                 |
|                                                               |              |
| Maturities:                                                   |    | Each      Note will mature on a date from nine months or more from its date of      issue; provided, however, Notes denominated in Specified Currencies other      than US dollars may be subject to restrictions on maturities as provided      for in the Distribution Agreement or as otherwise may be required by      regulations of the applicable central bank or similar monetary authority      of the country issuing the Specified Currency.                                                                                                                                                                                               |
|                                                               |              |
| Specified      Currency:                                      |    | The      currency denomination with respect to any Note and the payment of interest      and the repayment of principal with respect to any such Note shall be as      set forth therein and in the applicable Final Terms or Securities Note (as      the case may be).                                                                                                                                                                                                                                                                                                                                                                              |
|                                                               |              |
| Denominations:                                                |    | Notes      will be issued in such denominations as may be agreed between the Issuer      and the relevant Dealer(s) and as indicated in the applicable Final Terms      or Securities Note (as the case may be) provided always that (i) the      minimum denomination of each Note will be such as may be allowed or      required from time to time by the relevant central bank (or equivalent      body) or any laws or regulations applicable to the relevant Specified      Currency; and (ii) Notes issued by an Irish Issuer will be subject to a      minimum denomination of ?1,000 (or the equivalent in another Specified      Currency). |
|                                                               |              |
| Global      Notes and Definitive Bearer and Registered Notes: |    | Until      the 40th day following the date of issuance of any tranche of Bearer Notes      or such other date as may be required to comply with the terms of      Regulation S (“Regulation S”) under the U.S. Securities Act of 1933, as      amended, as described in the Distribution Agreement (the “Exchange Date”),      and until Final Certification (as defined below) in accordance with TEFRA      D as described in the Distribution Agreement, such tranche of    Bearer                                                                                                                                         |

----

|  |        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|--|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  |   | Notes      will be represented by one or more Temporary Global Notes in bearer form      without interest coupons. The relevant Issuer shall execute, and upon the      instructions of the relevant Issuer the Authenticating Agent shall      complete and authenticate, and with respect to a Eurosystem-eligible NGN      the Authenticating Agent shall also instruct the Common Safekeeper to      effectuate, such Temporary Global Note upon the same conditions and in      substantially the same manner, and with the same effect, as an individual      definitive Bearer Note. On or prior to the settlement date (which will      normally be the original issue date) with respect to such Notes, the      Authenticating Agent shall (i) with respect to a Temporary Global Note      which is intended to be issued in NGN form, deposit the authenticated and      effectuated Temporary Global Note with the Common Safekeeper and (ii) with      respect to a Temporary Global Note which is intended to be issued in CGN      form deposit the Temporary Global Note with the Common Depositary, in each      case, in the manner specified below under “Settlement Procedures; Bearer      Notes”. The interest of each beneficial owner of Bearer Notes represented      by such Temporary Global Note will be credited to the appropriate account      with Euroclear or Clearstream, Luxembourg, as specified below under      “Interest — General; Bearer Notes”. |
|  |        |
|  |   | On or      after the Exchange Date and provided that Final Certification (as      described below) has occurred, the interest of the beneficial owners of      the Notes represented by the Temporary Global Note shall be cancelled and      such interests shall thereafter be represented by a Permanent Global Note      or Definitive Bearer Notes or, if provided in the applicable Final Terms      or Securities Note (as the case may be), by definitive Registered Notes.      The interest of each beneficial owner of Bearer Notes represented by a      Permanent Global Note will be credited to the appropriate account with      Euroclear or Clearstream, Luxembourg.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|  |        |
|  |   | The      beneficial owner of an interest in a Permanent Global Note may, at any      time, upon 30 days’ written notice to the Fiscal Agent as provided in the      Fiscal Agency Agreement given by such beneficial owner through either      Euroclear or Clearstream, Luxembourg, as the case may be, exchange its      beneficial interest in such Permanent Global Note for one or more      Definitive Bearer Notes (or, if provided in the applicable Final Terms or      Securities Note (as the case may be), a Registered Note) equal in      aggregate principal amount to such beneficial interest. Upon receipt by      the Fiscal Agent of an initial request to exchange an interest in a      Permanent Global Note for a Definitive Bearer Note or Notes, all other      interests in such Permanent Global Note shall, so long as Euroclear or      Clearstream, Luxembourg shall so require, be exchanged for Definitive      Bearer Notes. Such exchange shall occur at no expense to the beneficial      owners as soon as practicable after the receipt of the initial request for      Definitive                                                                                                                                                                                                                                                                                                                                                                                            |

----

|                           |              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|---------------------------|--------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                           |    | Bearer      Notes. After such exchange has occurred, all remaining interests in the      Temporary Global Note will be exchangeable only for definitive Bearer      Notes or (if so provided in the applicable Final Terms or Securities Note      (as the case may be)) for definitive Registered Notes.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                           |              |
|                           |    | In all      events, Bearer Notes will be delivered by the Fiscal Agent only outside      the United States to non-US persons.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                           |              |
| Final      Certification: |    | Final      Certification with respect to a Temporary Global Note shall mean the      delivery by Euroclear or Clearstream, Luxembourg, as the case may be, to      the Fiscal Agent of a signed certificate (a “Clearance System      Certificate”) in substantially the form set forth in Exhibit B-1 to the      Fiscal Agency Agreement with respect to the Notes being exchanged, dated      no earlier than the Exchange Date for such Notes, to the effect that      Euroclear or Clearstream, Luxembourg, as the case may be, has received      certificates (“Certificates of Non-U.S. Beneficial Ownership”) in the form      substantially set forth in Exhibit B-2 to the Fiscal Agency Agreement with      respect to each of such Notes, which Certificates of Non-U.S. Beneficial      Ownership shall be dated no earlier than ten days before the Exchange Date      and shall be delivered by the account holders appearing on its records as      entitled to such Notes.                                                       |
|                           |              |
| Interest:                 |    | The      following is a summary of terms of the Notes with respect to interest and      is for informational purposes only; the terms of each Note as described in      the applicable Final Terms and the Prospectus (in the case of Notes issued      by way of the Prospectus) or the applicable Securities Note and      Registration Document (in the case of Notes issued by way of the      Registration Document) shall govern in the case of any conflict with the      provisions set forth below. Terms used but not defined herein shall have      the meanings assigned to them in the Offering Document.                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|                           |              |
|                           |    | General: Bearer Notes.      Interest on each Bearer Note will accrue from and including the original      issue date of such Note for the first interest period and from and      including the most recent date to which interest has been paid for all      subsequent interest periods. Each payment of interest on a Bearer Note      will include interest accrued from and including the next preceding      Interest Payment Date in respect of which interest has been paid (or from      and including the date of issue, if no interest has been paid) to but      excluding the Interest Payment Date; provided, however, that in the case      of Floating Rate Notes on which the interest rate is reset daily or      weekly, each interest payment will include interest accrued from and      including the date of issue or from but excluding the fifteenth calendar      day preceding the next preceding Interest Payment Date (whether or not      such fifteenth calendar day is a Business Day), unless otherwise specified      in the applicable |

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|  |        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  |   | Final      Terms or Securities Note (as the case may be); and provided, further, that      interest in respect of any Interest Payment Date on any interest in a      Temporary Global Note for which Final Certification has not been made      shall not be paid until the occurrence of the earlier of (1) Final      Certification with respect to such interest in such Temporary Global Note      and (2) in the case of an Interest Payment Date occurring between the      original issue date and the Exchange Date, delivery by Euroclear or      Clearstream, Luxembourg, as the case may be, to the Fiscal Agent of a      Clearing System Certificate dated no earlier than such Interest Payment      Date to the effect that Euroclear or Clearstream, Luxembourg, as the case      may be, has received Certificates of Non-U.S. Beneficial Ownership with      respect to such interests in the Temporary Global Note, which Certificates      of Non-U.S. Beneficial Ownership shall have been dated no earlier than ten      days before such Interest Payment Date and shall be signed by the account      holders appearing on its records as entitled to such Notes.                                                                                                                                                                                                                                         |
|  |        |
|  |   | Fixed Rate Bearer      Notes. Unless otherwise specified in the applicable Final Terms or      Securities Note (as the case may be), interest payments on Fixed Rate      Bearer Notes will be made on the dates specified in the applicable Final      Terms or Securities Note (as the case may be) and at maturity or upon any      earlier redemption or repayment.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|  |        |
|  |   | Floating Rate Bearer      Notes. Interest payments will be made on Floating Rate Bearer Notes      monthly, quarterly, semi-annually or annually. Except as provided below or      as specified in the applicable Final Terms or Securities Note (as the case      may be), interest will be payable, in the case of Floating Rate Bearer      Notes with a daily, weekly or monthly Interest Reset Date, on the third      Wednesday of each month or on the third Wednesday of March, June,      September and December, as specified pursuant to “A” under “Settlement      Procedures; Bearer Notes” below (“Settlement Procedure “A” “); in the case      of Notes with a quarterly Interest Reset Date, on the third Wednesday of      March, June, September and December of each year; in the case of Notes      with a semi-annual Interest Reset Date, on the third Wednesday of the two      months specified pursuant to Settlement Procedure “A” and in the case of      Notes with an annual Interest Reset Date, on the third Wednesday of the      month specified pursuant to Settlement Procedure “A” and, in each case, on      the Maturity Date. If any such Interest Payment Date is not a Business      Day, the provisions set forth under “Payments of Principal and Interest —      Bearer Notes” shall apply. |
|  |        |
|  |   | General: Registered      Notes. Interest on each Registered Note will accrue from and      including the original issue date of such Note for the first interest      period and from and including the mostrecent                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

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|  |        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|--|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  |   | date      to which interest has been paid for all subsequent interest periods. Each      payment of interest on a Registered Note will include interest accrued      from and including the next preceding Interest Payment Date in respect of      which interest has been paid (or from and including the date of issue, if      no interest has been paid) to but excluding the Interest Payment Date,      provided, however, that in the case of Floating Rate Notes which reset      daily or weekly, interest payments will include interest from and      including the date of issue or from but excluding the last Regular Record      Date to which interest has been paid, as the case may be, through and      including the Regular Record Date next preceding the Interest Payment      Date, unless otherwise specified in the applicable Final Terms or      Securities Note (as the case may be); and provided, further, that at the      Maturity Date, the interest payable will include interest accrued to but      excluding the Maturity Date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|  |        |
|  |   | Fixed Rate Registered      Notes. Unless otherwise specified in the applicable Final Terms or      Securities Note (as the case may be), interest payments on Fixed Rate      Registered Notes will be made on the dates specified in the applicable      Final Terms or Securities Note (as the case may be) and at the Maturity      Date; provided, however, that in the case of Registered Fixed Rate Notes      issued between a Regular Record Date and an Interest Payment Date, the      first interest payment will be made on the Interest Payment Date following      the next succeeding Regular Record Date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|  |        |
|  |   | Floating Rate Registered      Notes. Interest payments will be made on Floating Rate Registered      Notes monthly, quarterly, semiannually or annually. Except as provided      below or as specified in the applicable Final Terms or Securities Note (as      the case may be), interest will be payable, in the case of Floating Rate      Registered Notes with a daily, weekly or monthly Interest Reset Date, on      the third Wednesday of each month or on the third Wednesday of March,      June, September and December, as specified pursuant to “AA” below under      “Settlement Procedures; Registered Notes” (“Settlement Procedure “AA” “);      in the case of Notes with a quarterly Interest Reset Date, on the third      Wednesday of March, June, September and December of each year; in the case      of Notes with a semi-annual Interest Reset Date, on the third Wednesday of      the two months specified pursuant to Settlement Procedure “AA”; and in the      case of Notes with an annual Interest Reset Date, on the third Wednesday      of the month specified pursuant to Settlement Procedure “AA” and, in each      case, on the Maturity Date; provided, however, that in the case of      Registered Floating Rate Notes issued between a Regular Record Date and an      Interest Payment Date, the first interest payment will be made on the      Interest Payment Date following the next succeeding Record Date. If any      such Interest Payment Date is not a Business Day, the provisions set forth      under “Payments of Principal and Interest — Registered Notes” shall      apply. |

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|                                              |        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|----------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Disclosure under Interest Act      (Canada): |   | In the      case of Notes issued by GEC Canada Funding whenever it is necessary to      compute any amount of interest in respect of the Notes for a period of      less than a full year, such interest shall be calculated on the basis of a      360-day year consisting of 12 months of 30 days each. For purposes only of      disclosure under the Interest Act (Canada), the yearly rate of interest to      which interest so calculated is equivalent is the interest rate set forth      herein multiplied by a fraction the numerator of which is the number of      days in the calendar year in which the same is to be ascertained and the      denominator of which is 360. |
|                                              |        |
| Calculation of Interest:                     |   | The      following is a summary of terms of the Notes with respect to the      calculation of interest and is for informational purposes only; the terms      of each Note as described in the applicable Final Terms and the Prospectus      (in the case of Notes issued by way of the Prospectus) or the applicable      Securities Note and Registration Document (in the case of Notes issued by      way of the Registration Document) shall govern in the case of any conflict      with the provisions set forth below. Terms used but not defined herein      shall have the meanings assigned to them in the Offering    Document.                                               |
|                                              |        |
|                                              |   | Fixed Rate Notes.      Interest will be calculated as specified in either (i) the Base Prospectus      or as modified in the applicable Final Terms or (ii) the Securities Note      (as the case may be).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                                              |        |
|                                              |   | Floating Rate Notes.      Interest will be calculated as specified in either (i) the Base Prospectus      or as modified in the applicable Final Terms or (ii) the Securities Note      (as the case may be).                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                                              |        |
| Payments      of Principal and Interest:     |   | The      following is a summary of terms of the Notes with respect to the payment      of principal and interest and is for informational purposes only; the      terms of each Note (as described in either (i) the Final Terms and the      Base Prospectus or (ii) the Registration Document and the Securities Note      (as the case may be)) and the Fiscal Agency Agreement shall govern in the      case of any conflict with the provisions set forth below. Terms used but      not defined herein shall have the meanings assigned to them in the Fiscal      Agency Agreement.                                                                                                 |
|                                              |        |
|                                              |   | Bearer Notes. Except as      otherwise provided in the Bearer Notes, payment of the principal amount of      each Bearer Note at the Maturity Date thereof will be made only upon      presentation and surrender of such Bearer Note to the Principal Paying      Agent or any Paying Agent outside the United States. Such payment,      together with payment of interest due at the Maturity Date  of                                                                                                                                                                                                                                                                                  |

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|  |        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|--|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  |   | such      Note, will be made in funds available for immediate use by the Principal      Paying Agent or such Paying Agent and in turn by the holder of such Note.      Bearer Notes presented to the Principal Paying Agent or a Paying Agent at      the Maturity Date for payment will be cancelled or destroyed by such      paying agent and delivered to the relevant Issuer with a certificate of      cancellation or destruction, as applicable. All interest payments on a      Bearer Note (other than interest due at the Maturity Date) will be made by      check drawn on the Principal Paying Agent (or another person appointed by      the Principal Paying Agent) and delivered to an address outside the United      States by the Principal Paying Agent to the person entitled thereto or by      wire transfer of immediately available funds to an account maintained by      the payee with a bank located outside the United States.                                                                                                                                                                                                                                                                                                   |
|  |        |
|  |   | Except as      specified in “Interest — General; Bearer Notes” above, interest on a      Global Note shall be payable to the beneficial owner thereof through      credit to the account of such owner or of the custodian bank of such owner      with Euroclear or Clearstream, Luxembourg. On the occasion of each      payment, (i) in the case of a CGN, the Paying Agent to which any      Global Note was presented for the purpose of making the payment shall      cause the appropriate schedule to the relevant Global Note to be annotated      so as to evidence the amounts and dates of the payments of principal      and/or interest as applicable or (ii) in the case of any Global Note      which is a NGN, the Fiscal Agent shall instruct Euroclear and Clearstream,      Luxembourg to make appropriate entries in their records to reflect such      payment. Except as otherwise provided in the Bearer Notes, interest on a      definitive Bearer Note shall be payable to the holder of the appropriate      coupon appertaining thereto only upon presentation and surrender of such      coupon at the office of the Principal Paying Agent or any other Paying      Agent outside the United States. |
|  |        |
|  |   | If any      Fixed Interest Payment Date or the Maturity Date or redemption or      repayment date of a Fixed Rate Bearer Note is not a Business Day, the      payment due on such day shall be made on the next succeeding Business Day      and no interest shall accrue on such payment for the period from and after      such Fixed Interest Payment Date or Maturity Date, as the case may be. If      any Interest Payment Date (other than the Maturity Date) for any Floating      Rate Bearer Note would fall on a day that is not a Business Day with      respect to such Note, such Interest Payment Date will be the following day      that is a Business Day with respect to such Note at which time the Issuer      will pay additional interest that has accrued up to but excluding such      following Business Day, except that, if such Business Day is in the next      succeeding calendar month, such Interest Payment Date shall be the      immediately preceding day that is a Business Day. If the Maturity Date for      any Floating Rate Bearer Note would fall on a daythat                                                                                                                                                     |

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|  |        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|--|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  |   | is not a      Business Day with respect to such Note, the payment of principal, premium,      if any, and interest, if any, will be made on the following day that is a      Business Day with respect to such Note, and no interest shall accrue for      the period from and after such Maturity Date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|  |        |
|  |   | Registered Notes.      Except as otherwise provided in a Registered Note, the Principal Paying      Agent will pay the principal amount of each Registered Note at the      Maturity Date upon presentation and surrender of such Note to its offices.      Such payment, together with payment of interest due at the Maturity Date      of such Note, will be made in funds available for immediate use by the      Principal Paying Agent and in turn by the holder of such Note. Registered      Notes presented to the Principal Paying Agent at the Maturity Date for      payment will be cancelled or destroyed and delivered to the relevant      Issuer with a certificate of cancellation or destruction, as applicable.      All interest payments on a Registered Note (other than interest due at the      Maturity Date) will be made by check drawn on the Principal Paying Agent      (or another person appointed by the Principal Paying Agent) and mailed by      the Principal Paying Agent to the person entitled thereto as provided in      such Note and the Fiscal Agency Agreement or by wire transfer of      immediately available funds. Following each Regular Record Date, the      Principal Paying Agent will furnish the relevant Issuer with a list of      interest payments to be made on the following Interest Payment Date for      each Registered Note and in total for all Registered Notes. Interest at      the Maturity Date will be payable to the person to whom the payment of      principal is payable. The Principal Paying Agent will provide monthly to      the relevant Issuer lists of principal and interest, to the extent      ascertainable, to be paid on Registered Notes maturing or to be redeemed      in the next month. The Principal Paying Agent will be responsible for      withholding taxes on interest paid on Registered Notes as required by      applicable law. |
|  |        |
|  |   | If any      Fixed Interest Payment Date or the Maturity Date of a Fixed Rate      Registered Note is not a Business Day, the payment due on such day shall      be made on the next succeeding Business Day and no interest shall accrue      on such payment for the period from and after such Fixed Interest Payment      Date or Maturity Date, as the case may be. If any Interest Payment Date      (other than the Maturity Date) for any Floating Rate Registered Note would      fall on a day that is not a Business Day with respect to such Note, such      Interest Payment Date will be the following day that is a Business Day      with respect to such Note at which time the Issuer will pay additional      interest that has accrued up to but excluding such following Business Day,      except that, if such Business Day is in the next succeeding calendar      month, such Interest Payment Date shall be the immediately preceding      day                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |

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|                                 |        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|---------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                 |   | that      is a Business Day. If the Maturity Date for any Floating Rate Registered      Note would fall on a day that is not a Business Day with respect to such      Note, the payment of principal, premium, if any, and interest, if any,      will be made on the following day that is a Business Day with respect to      such Note, and no interest shall accrue for the period from and after such      Maturity Date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                 |        |
| Preparation of Final Terms:     |   | If any      offer to purchase a tranche of Notes is accepted by or on behalf of the      relevant Issuer, and the tranche of Notes is to be issued and documented      by way of the Prospectus, the relevant Issuer and (in the case of Notes      issued by an Issuer other than GE Capital) the Guarantor will prepare the      final terms (the “Final Terms”) reflecting the terms of such tranche of      Note and will deliver a copy of such Final Terms to the relevant Dealer as      such Dealer shall request as soon as practicable, but in no event later      than 5 Business Days following the date such offer to purchase Notes is      accepted. The relevant Dealer will cause such Final Terms together with      the Base Prospectus to be delivered to each purchaser of such tranche of      Note. In addition, the relevant Issuer shall forward the Final Terms to      the Fiscal Agent as soon as it becomes available but in no event later      than the issue date.                                                                                                     |
|                                 |        |
|                                 |   | In      each instance that Final Terms are prepared, the Dealers receiving such      Final Terms will affix the Final Terms to the Base Prospectus prior to      their use. Outdated Final Terms, and the Base Prospectus to which they are      attached (other than those retained for files), will be    destroyed.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                                 |        |
| Preparation of Securities Note: |   | If any      offer to purchase a tranche of Notes is accepted by or on behalf of the      relevant Issuer, and the tranche of Notes is to be issued by way of the      Registration Document and documented in a securities note supplemental to      the Registration Document, the relevant Issuer and (in the case of Notes      issued by an Issuer other than GE Capital) the Guarantor will prepare such      securities note (the “Securities Note”) reflecting the terms of such      tranche of Note and will deliver a copy of such Securities Note to the      relevant Dealer as such Dealer shall request as soon as practicable, but      in no event later than 5 Business Days following the date such offer to      purchase Notes is accepted. The relevant Dealer will cause such Securities      Note together with the Base Prospectus to be delivered to each purchaser      of such tranche of Note. In addition, the relevant Issuer shall forward      the Securities Note to the Fiscal Agent as soon as it becomes available      but in no event later than the issue date. |
|                                 |        |
|                                 |   | In      each instance that a Securities Note is prepared, the Dealers receiving      such Securities Note will affix the Securities Note to the Registration      Document prior to their use. Outdated Securities Notes, and the      Registration Document to which they are attached (other than those      retained for files), will be destroyed.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |

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|                                                      |              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|------------------------------------------------------|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Settlement:                                          |    | The      receipt by the relevant Issuer of immediately available funds in exchange      for (i) in the case of a Global Note issued in CGN form, the delivery of      an authenticated Temporary Global Note to the Common Depositary or (ii) in      the case of a Global Note issued in NGN form, the delivery of an      authenticated Temporary Global Note to, and which is then effectuated by,      the Common Safekeeper, in each case, in the manner described in      “Settlement Procedures; Bearer Notes” below or an authenticated Registered      Note delivered to the relevant Dealer and such Dealer’s delivery of such      Note against receipt of immediately available funds shall constitute      “settlement” with respect to such Note. All orders accepted by the      relevant Issuer will be settled on such date as the relevant Issuer and      the purchaser shall agree upon. |
|                                                      |              |
| Settlement      Procedures; Bearer Notes:  |    | Settlement Procedures with regard to each Bearer Note sold by each      Issuer to or through a Dealer shall be as follows:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                                                      |              |
|                                                      |    | A.     The relevant Dealer will advise the      relevant Issuer by telephone that such Note is initially a Bearer Note and      of the following settlement information:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                                      |              |
|                                                      |    | 1.      Principalamount.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                                                      |              |
|                                                      |    | 2.      Maturity Date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                                                      |              |
|                                                      |    | 3.      In the case of a Fixed Rate      Bearer Note, the Fixed Interest Rate, the Interest Payment Period, the      Fixed Interest Payment Dates, the Determination Dates, the Interest      Commencement Date, the Fixed Day Count Fraction, and whether such Note is      an Amortizing Note and, if so, the amortization schedule.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                                                      |              |
|                                                      |    | In the case of a Floating Rate Bearer Note, the Initial Interest      Rate (if known at such time), the Interest Payment Dates, the Interest      Payment Period, the Calculation Agent, the Base Rate, the Index Maturity,      the Interest Reset Period, the Interest Determination Date, the Interest      Reset Dates, the Spread or Spread Multiplier (if any), the Minimum      Interest Rate (if any), the Maximum Interest Rate (if any), the Alternate      Rate Event Spread (if any) and the Floating Day Count      Fraction.                                                                                                                                                                                                                                                                                                                                                                                            |
|                                                      |              |
|                                                      |    | 4.      Redemption or repayment      provisions, if any.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                                                      |              |
|                                                      |    | 5.      Settlement date and      time.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |

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|  |        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|--|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  |   | 6.      Issue Price.                                                                                                                                                                                                                                                                                                                                                                                                                             |
|  |        |
|  |   | 7.      Denominations.                                                                                                                                                                                                                                                                                                                                                                                                                           |
|  |        |
|  |   | 8.      Specified      Currency.                                                                                                                                                                                                                                                                                                                                                                                                                 |
|  |        |
|  |   | 9.      Ranking.                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|  |        |
|  |   | 10.    Dealer’s commission, if any, determined      as provided in the Distribution Agreement.                                                                                                                                                                                                                                                                                                                                                       |
|  |        |
|  |   | 11.    Dealer’s account number at Clearstream      or the Euroclear Operator.                                                                                                                                                                                                                                                                                                                                                                        |
|  |        |
|  |   | 12.    Whether the Global Note constituting the      Notes will be issued in CGN form or NGN form.                                                                                                                                                                                                                                                                                                                                                         |
|  |        |
|  |   | 13.    Whether the Note is an Indexed Note, and      if it is an Indexed Note, the Indexed Currency, the Currency Base Rate and      the Determination Agent.                                                                                                                                                                                                                                                                                              |
|  |        |
|  |   | 14.    Whether the Note is a Dual Currency      Note, and if it is a Dual Currency Note, the Face Amount Currency, the      Optional Payment Currency, the Designated Exchange Rate, the Option      Election Dates and the Option Value Calculation Agent.                                                                                                                                                                                                |
|  |        |
|  |   | 15.    Whether the Note is an Extendible Note,      and if it is an Extendible Note, the Initial Maturity Date, the Election      Date and the Final Maturity Date.                                                                                                                                                                                                                                                                                        |
|  |        |
|  |   | 16.    If      applicable, wire transfer instructions including name of banking      institution where transfer is to be made and account number.                                                                                                                                                                                                                                                                                                          |
|  |        |
|  |   | 17.    Whether such Note is to be listed on the      Official List of the UK Listing Authority (the “UKLA”) and admitted to      trading by the London Stock Exchange, the Singapore Exchange Securities      Trading Limited or on or by any other stock exchange, competent authority      and/or market.                                                                                                                                    |
|  |        |
|  |   | 18.    Any      other applicable terms.                                                                                                                                                                                                                                                                                                                                                                                                                    |
|  |        |
|  |   | B.     The relevant Issuer will advise the      Fiscal Agent by telephone or electronic transmission confirmed in writing      at any time on the sale date of the information set forth in Settlement      Procedure A above. The relevant Issuer will also give the Fiscal Agent      written instructions regarding the transfer of funds. The relevant Issuer      will send a copy of such instructions to the relevant Dealer or      Dealers.  |

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|  |        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  |   | The Fiscal Agent shall telephone each of Euroclear or Clearstream,      Luxembourg with a request for a security code for each tranche agreed to      be issued, which security code or codes will be notified by the Fiscal      Agent to the relevant Issuer and the relevant Dealer or      Dealers.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|  |        |
|  |   | The relevant Issuer and (in the case of Notes issued by an Issuer      other than GE Capital) the Guarantor shall prepare and cause to be      delivered to the Fiscal Agent either (i) the applicable Final Terms      supplemental to the Base Prospectus or (ii) the Securities Note      supplemental to the Registration Document (as the case may be) describing      the terms of the particular tranche of Notes.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|  |        |
|  |   | C.     In accordance with the written      instructions and the applicable Final Terms or Securities Note (as the      case may be), the Fiscal Agent shall:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|  |        |
|  |   | (i) with respect to Global Notes in CGN form, prepare and      authenticate a Temporary Global Note for each tranche which the relevant      Issuer has agreed to sell, the settlement for which tranche is to occur on      the settlement date. The Temporary Global Note will then be delivered to      the Common Depositary. The Fiscal Agent will also give instructions to      Euroclear or Clearstream, Luxembourg to credit the Notes represented by      such Temporary Global Notes delivered to such Common Depositary to the      Fiscal Agent’s distribution account at Euroclear or Clearstream,      Luxembourg, as the case may be; or                                                                                                                                                                                                                                                                                                                            |
|  |        |
|  |   | (ii) with respect to Global Notes in NGN form, prepare and      authenticate a Temporary Global Note for each tranche which the relevant      Issuer has agreed to sell, the settlement for which tranche is to occur on      the settlement date. The Temporary Global Note will then be delivered to      the specified Common Safekeeper and, in the case of an NGN which is a      Eurosystem eligible NGN, the Fiscal Agent will instruct the Common      Safekeeper to effectuate the same. The Fiscal Agent will also give      instructions to Euroclear or Clearstream, Luxembourg to make the      appropriate entries in their records to reflect the initial outstanding      aggregate principal amount of the relevant tranche of Notes and to credit      the Notes represented by such Temporary Global Note delivered to such      Common Safekeeper to the Fiscal Agent’s distribution account at Euroclear      or Clearstream, Luxembourg, as the case may be.  |

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|                                                                     |              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |              |                                                                                                                                     |
|---------------------------------------------------------------------|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|-------------------------------------------------------------------------------------------------------------------------------------|
|                                                                     |    | In each case, the Fiscal Agent will instruct Euroclear or      Clearstream, Luxembourg to debit, on the settlement date, from the      distribution account of the Fiscal Agent the number of Notes of each      Tranche with respect to which the relevant Dealer has solicited an offer      to purchase and to credit, on the settlement date, such Notes to the      account of such Dealer with Euroclear or Clearstream, Luxembourg against      payment of the issue price of such Notes. Each relevant Dealer shall give      corresponding instructions to Euroclear or Clearstream,      Luxembourg.  |
|                                                                     |              |
|                                                                     |    | D.     Euroclear and Clearstream,      Luxembourg shall debit and credit accounts in accordance with instructions      received by them. The Fiscal Agent shall pay the relevant Issuer the      aggregate net proceeds received by it in immediately available funds via a      transfer of funds to the account of the relevant Issuer with a bank      selected by such Issuer notified to the Fiscal Agent from time to time in      writing.                                                                                                                                      |
|                                                                     |              |
| Settlement      Procedures Timetable; Bearer      Notes:  |    | For sales by each Issuer of Bearer Notes to or through a Dealer,      Bearer Settlement Procedures “A” through “D” above shall be completed on      or before the respective times set forth below:                                                                                                                                                                                                                                                                                                                                                                                          |
|                                                                     |              |
|                                                                     |    | Settlement Procedure                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                                                                     |    | Bearer Notes Time                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|                                                                     |              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                                                     |    | A                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |    | 12:00 P.M. (NYC time) three days before settlementdate                                                                         |
|                                                                     |              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                                                     |    | B                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |    | 9:00 A.M. (London time) two days before settlementdate                                                                         |
|                                                                     |              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                                                     |    | C                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |    | 3:45 P.M. (London time) on day before settlement date                                                                          |
|                                                                     |              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                                                     |    | D                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |    | 5:00 P.M. (NYC time) on settlement date                                                                                        |
|                                                                     |              |
| Settlement      Procedures; Registered Notes:             |    | Settlement Procedures with regard to each Registered Note sold by      each Issuer to or through a Dealer shall be as follows:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                                                                     |              |
|                                                                     |    | AA. The relevant Dealer      will advise the relevant Issuer by telephone that such Note is a      Registered Note and of the following settlement information:                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|                                                                     |              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                                                     |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |    | 1.      Name in which such Note is to      be registered (“Registered Owner”).       |
|                                                                     |              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                                                     |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |    | 2.      Address of the Registered      Owner and address for payment of principal and interest.  |

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|  |              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|--|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  |    | 3.      Taxpayer identification      number of the Registered Owner (if available); the Dealer shall request      that the purchasers of the Notes prepare a Form W-8BEN or other applicable      form required by the United States Internal Revenue Code of 1986, as      amended (the “Code”) and cause such form to be delivered to the Fiscal and      Paying Agent on or prior to the settlement date.                                                                                                                    |
|  |              |
|  |    | 4.      Principalamount.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|  |              |
|  |    | 5.      Maturity Date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|  |              |
|  |    | 6.      In the case of a Fixed Rate      Registered Note, the Fixed Interest Rate, the Interest Payment Period, the      Fixed Interest Payment Dates, the Determination Dates, the Interest      Commencement Date, the Fixed Day Count Fraction, and whether such Note is      an Amortizing Note and, if so, the amortization schedule.                                                                                                                                                                                                  |
|  |              |
|  |    | In the case of a Floating Rate Registered Note, the Initial      Interest Rate (if known at such time), the Interest Payment Dates, the      Interest Payment Period, the Calculation Agent, the Base Rate, the Index      Maturity, the Interest Reset Period, the Interest Determination Date, the      Interest Reset Dates, the Spread or Spread Multiplier (if any), the      Minimum Interest Rate (if any), the Maximum Interest Rate (if any), the      Alternate Rate Event Spread (if any), the Floating Day Count Fraction and      the Regular Record Dates.  |
|  |              |
|  |    | 7.      Redemption or repayment      provisions, if any.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|  |              |
|  |    | 8.      Settlement date and      time.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|  |              |
|  |    | 9.      Issue Price.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|  |              |
|  |    | 10.    Denominations.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|  |              |
|  |    | 11.    Specified Currency.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|  |              |
|  |    | 12.    Ranking.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|  |              |
|  |    | 13.    Dealer’s commission, if any, determined      as provided in the Distribution Agreement.                                                                                                                                                                                                                                                                                                                                                                                                                                                  |

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|  |        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|--|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  |   | 14.    Whether the Note is issued with more      than a de minimis amount of discount.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|  |        |
|  |   | 15.    Whether the Note is an Indexed Note, and      if it is an Indexed Note, the Indexed Currency, the Currency Base Rate and      the Determination Agent.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|  |        |
|  |   | 16.    Whether the Note is a Dual Currency      Note, and if it is a Dual Currency Note, the Face Amount Currency, the      Optional Payment Currency, the Designated Exchange Rate, the Option      Election Dates and the Option Value Calculation Agent.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|  |        |
|  |   | 17.    Whether the Note is an Extendible Note,      and if it is an Extendible Note, the Initial Maturity Date, the Election      Date and the Final Maturity Date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|  |        |
|  |   | 18.    If      applicable, wire transfer instructions, including name of banking      institution where transfer is to be made and account number.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|  |        |
|  |   | 19.    Whether such Note is to be listed on the      Official List of the UKLA and admitted to trading by the London Stock      Exchange, the Singapore Exchange Securities Trading Limited or on or by      any other stock exchange, competent authority and/or market.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|  |        |
|  |   | 20.    Any      other applicable terms.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|  |        |
|  |   | BB.  The relevant      Issuer will advise the Fiscal Agent by telephone or electronic      transmission (confirmed in writing at any time on the sale date) of the      information set forth in Settlement Procedure “AA” above.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|  |        |
|  |   | CC.  The relevant      Issuer will have delivered to the Authenticating Agent an executed Note.      The Authenticating Agent will complete such Note and authenticate such      Note and deliver it through the Fiscal Agent (with the confirmation) to      the relevant Dealer, and such Dealer will acknowledge receipt of the Note.      Such delivery will be made only against such acknowledgment of receipt and      evidence that instructions have been given by such Dealer for payment to      the account of the relevant Issuer, in funds available for immediate use,      of an amount equal to the price of such Note less such Dealer’s      commission, if any; provided however, the relevant Issuer and the Fiscal      Agent may agree on different delivery procedures for definitive Registered      Notes  |

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|                                                                              |              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |              |                                              |
|------------------------------------------------------------------------------|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|----------------------------------------------|
|                                                                              |    | denominated in Specified Currencies other than U.S. dollars. In the      event that the instructions given by such Agent for payment to the account      of such Issuer are revoked, such Issuer will as promptly as possible wire      transfer to the account of such Dealer an amount of immediately available      funds equal to the amount of such payment made.                                                                                                                                                               |
|                                                                              |              |
|                                                                              |    | The Principal Paying Agent shall pay the relevant Issuer the      aggregate net proceeds received by it in immediately available funds via a      transfer of funds to the account of the relevant Issuer maintained at a      bank selected by such Issuer notified to the Principal Paying Agent from      time to time in writing.                                                                                                                                                                                                |
|                                                                              |              |
|                                                                              |    | DD. Unless the relevant      Dealer purchased such Note for its own account, such Dealer will deliver      such Note (with confirmation) to the customer against payment in      immediately payable funds. Such Dealer will obtain the acknowledgment of      receipt of such Note. If the relevant Dealer purchased such Note for its      own account, such Dealer will accept delivery of such Note against payment      in immediately available funds, and will deliver an acknowledgement of      receipt of such Note.  |
|                                                                              |              |
|                                                                              |    | EE.   Periodically, the Fiscal Agent will send to      the relevant Issuer a statement setting forth the principal amount of the      Registered Notes outstanding as of that date under the Fiscal Agency      Agreement and setting forth a brief description of any sales of which such      Issuer has advised the Fiscal Agent but which have not yet been      settled.                                                                                                                                         |
|                                                                              |              |
| Settlement      Procedures Timetable;      Registered Notes:  |    | For sales by the relevant Issuer of Registered Notes to or through      a Dealer, Registered Settlement Procedures “AA” through “DD” set forth      above shall be completed on or before the respective times (London Time)      set forth below:                                                                                                                                                                                                                                                                |
|                                                                              |              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                                                                              |    | Settlement                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |    |                                              |
|                                                                              |    | Procedure;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |    |                                              |
|                                                                              |    | Registered                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |    |                                              |
|                                                                              |    | Notes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |    | Time                                         |
|                                                                              |              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                                                                              |    | AA                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |    | 2:00      P.M. on day before settlement date |
|                                                                              |              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                                                                              |    | BB                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |    | 3:00      P.M. on day before settlement date |
|                                                                              |              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                                                                              |    | CC                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |    | 2:15      P.M. on settlement date            |
|                                                                              |              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                                                                              |    | DD                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |    | 3:00      P.M. on settlement date            |

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|                         |              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|-------------------------|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Failure      to Settle: |    | Bearer Notes. If any      Dealer shall have advanced its own funds for payment against subsequent      receipt of funds from the purchaser and if a purchaser shall fail to make      payment for a Note, such Dealer will promptly notify the relevant Issuer,      the Fiscal Agent, the Principal Paying Agent, the Common Depositary or      Common Service Provider appointed by the relevant Issuer and Common      Safekeeper (as the case may be) and Euroclear and Clearstream, Luxembourg      by telephone, promptly confirmed in writing (but no later than the next      Business Day). In such event, the relevant Issuer shall promptly instruct      the Fiscal Agent to cancel the purchaser’s interest in the appropriate      Temporary Global Note representing such Note. Upon (i) confirmation from      the Fiscal Agent in writing (which may be given by facsimile) that the      Fiscal Agent has cancelled such purchaser’s interest in such Temporary      Global Note and (ii) confirmation from such Dealer in writing (which may      be given by facsimile) that such Dealer has not received payment from the      purchaser, the relevant Issuer will promptly pay to such Dealer an amount      in immediately available funds equal to the amount previously paid by such      Dealer in respect of such Bearer Note. Such payment will be made on the      settlement date, if possible, and in any event not later than 12:00 noon      (New York City time) on the Business Day following the settlement date.      The Fiscal Agent and the Common Depositary will make or cause to be made      such revisions to such Temporary Global Note (if the Temporary Global Note      is a CGN) or the Fiscal Agent will instruct Euroclear and Clearstream,      Luxembourg to make the appropriate entries in their records in each case      (if the Temporary Global Note is a NGN) as are necessary to reflect the      cancellation of such portion of such Temporary Global Note. |
|                         |              |
|                         |    | If a      purchaser shall fail to make payment for the Note for any reason other      than the failure of such Dealer to provide the necessary information to      the relevant Issuer as described above for settlement or to provide a      confirmation to the purchaser within a reasonable period of time as      described above, and if such Dealer shall have otherwise complied with its      obligations hereunder and in the Distribution Agreement, the relevant      Issuer will reimburse such Dealer on an equitable basis for such Dealer’s      loss of the use of funds during the period when they were credited to      account of such Issuer or the Fiscal Agent.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                         |              |
|                         |    | Immediately upon such cancellation, the Fiscal Agent will make      appropriate entries in its records to reflect the fact that a settlement      did not occur with respect to such Note.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                         |              |
|                         |    | Registered Notes. If a      purchaser fails to accept delivery of and make payment for any Registered      Note, the relevant Dealer will notify the relevant Issuer and the Fiscal      Agent by telephone and return such Note to the Fiscal Agent. Upon receipt      of such                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |

----

|                                                                                                     |              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|-----------------------------------------------------------------------------------------------------|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                     |    | notice, the relevant Issuer will immediately wire transfer to the      account of such Dealer an amount equal to the amount previously credited      thereto in respect of such Note. Such wire transfer will be made on the      settlement date, if possible, and in any event not later than the Business      Day following the settlement date. If a purchaser shall fail to make      payment for the Note for any reason other than the failure of such Dealer      to provide the necessary information to the relevant Issuer as described      above for settlement or to provide a confirmation to the purchaser within      a reasonable period of time as described above, and if such Dealer shall      have otherwise complied with its obligations hereunder and in the      Distribution Agreement, then the relevant Issuer will reimburse such      Dealer or the Principal Paying Agent, as appropriate, on an equitable      basis for its loss of the use of the funds during the period when they      were credited to the account of such Issuer. Immediately upon receipt of      the Registered Note in respect of which such failure occurred, the      Principal Paying Agent will mark such Note “cancelled”, make appropriate      entries in the Principal Paying Agent’s records and send such Note to the      relevant Issuer. |
|                                                                                                     |              |
| Notice of      Issuance to London Stock Exchange:                                                   |    | The      Fiscal Agent will provide information with respect to each tranche of      Notes to be listed on the Official List of UKLA and admitted to trading by      the London Stock Exchange to such Exchange and will advise the relevant      Issuer and the relevant Dealer in writing as to the effectiveness of the      listing of such Notes by the close of business on the related settlement      date. To the extent required by the UKLA and/or London Stock Exchange, the      Dealers will provide the Fiscal Agent with secondary market information      regarding any tranche of Notes listed on the London Stock Exchange and the      Fiscal Agent will provide such information to the UKLA and the London      Stock Exchange.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                                                                                                     |              |
| Notice of Issuance      to Any other stock exchange,      competent Authority:  |    | The      Fiscal Agent will provide information with respect to each tranche of      Notes to be listed or admitted to trading on any stock exchange, competent      authority and/or market to such stock exchange, competent authority and/or      market and will advise the relevant Issuer and the relevant Dealer in      writing as to the effectiveness of the listing and or admission to trading      of such Notes by the close of business on the related settlement      date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                                                                                                     |              |
| Listing:                                                                                            |    | The      Fiscal Agent will, on a regular basis and as applicable, provide the UKLA      and the London Stock Exchange and/or any other stock exchange, competent      authority and/or market with such information as the UKLA and the London      Stock Exchange                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |

----

|  |        |                                                                                                                                                                                                                                                                                                                                                                          |
|--|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  |   | or any      other stock exchange, competent authority and/or market may require      regarding any tranches of Notes that are listed on the Official List of      the UKLA and admitted to trading on the London Stock Exchange or listed or      admitted to trading on any other stock exchange, competent authority      and/or market and are issued andoutstanding. |

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----

----

----

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| (a) | if the final terms in relation to the Notes specify that an offer      of those Notes may be made other than pursuant to Article 3(2) of the      Prospectus Directive in that Relevant Member State (a “Non-exempt Offer”),      following the date of publication of a prospectus in relation to such      Notes which has been approved by the competent authority in that Relevant      Member State or, where appropriate, approved in another Relevant Member      State and notified to the competent authority in that Relevant Member      State, provided that any such prospectus has subsequently been completed      by the final terms contemplating such Non-exempt Offer, in accordance with      the Prospectus Directive, in the period beginning and ending on the dates      specified in such prospectus or final terms, as applicable; |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | at any time to legal entities which are authorised or regulated to      operate in the financial markets or, if not so authorised or regulated,      whose corporate purpose is solely to invest in securities; |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | at any time to any legal entity which has two or more of      (1) an average of at least 250 employees during the last financial      year; (2) a total balance sheet of more than ?43,000,000 and      (3) an annual net turnover of more than ?50,000,000, as shown in its      last annual or consolidated accounts; |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | at any time to fewer than 100 natural or legal persons (other than      qualified investors as defined in the Prospectus Directive) subject to      obtaining the prior consent of the relevant Dealer or Dealers nominated by      the Issuer for any such offer; or |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e) | at any time in any other circumstances falling within Article 3(2)      of the Prospectus Directive, |
|-----|------------------------------------------------------------------------------------------------------|

----

----

----

| (a) | it has only issued or passed on, and will only issue or pass on, in      Ireland, any document received by it in connection with the issue of Notes      to person who are persons to whom the document may otherwise lawfully be      issued or passed on; and |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | it has complied and will comply with all applicable provisions of      the Markets in Financial Instruments and Miscellaneous Provisions Act,      2007 (the “MIFID Act”) and S.I. No. 60 of 2007, the European      Communities (Markets in Financial Instruments) Regulations, 2007 (as      amended) (the “MIFID Regulations”) with respect to anything done by it in      relation to the Notes or operating in, or otherwise involving, Ireland      and, in the case of a Dealer acting under and within the terms of an      authorisation to do so for the purposes of Directive 2004/39/EC of the      European Parliament of April 21, 2004, it has complied with any codes      of conduct made under the MIFID Act or the MIFID Regulations and, in the      case of a Dealer acting within the terms of an authorisation granted to it      for the purposes of Directive 2006/48/EC of the European Parliament and      Council of June 14, 2006 (as amended or extended), it has complied      with any codes of conduct or practice made under section 117(1) of the      Central Bank Act, 1989 of Ireland (as amended). |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | 1. | As required by Section 16(a) of the Distribution Agreement,      the Additional Issuer is a Subsidiary of GE Capital and all Notes to be      issued by the Additional Issuer will be unconditionally and irrevocably      guaranteed by GE Capital. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2. | Each of the Condition Precedent documents set forth in      Section 16(b) of the Distribution Agreement is attached hereto,      including: (a) the legal opinions required by Section 16(b)(ii),      (b) the Officers’ Certificate required by Section 16(b)(iii) and      (c) the form of Offering Document supplement pertaining to the      Additional Issuer, as required by Section 16(b)(v). |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3. | Pursuant to Section 16(b)(iv) of the Distribution Agreement,      [the UKLA and the London Stock Exchange/other stock exchange] has      confirmed that listing of any Notes issued by the Additional Issuer will      be granted subject only to delivery of the Offering Document as most      recently amended or supplemented. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                           |        |              |
|-------------------------------------------|--------|--------------|
| Very truly yours,                         |
|                                           |
| GENERAL ELECTRIC      CAPITAL CORPORATION |
|                                           |        |
| By                                        |   |    |
| Name:                                     |   |              |
| Title:                                    |   |              |
|                                           |
| [ADDITIONAL      ISSUER]                  |
|                                           |        |
| By                                        |   |    |
| Name:                                     |   |              |
| Title:                                    |   |              |