|                |              |                                                                                                                             |
|----------------|--------------|-----------------------------------------------------------------------------------------------------------------------------|
| BEARER    |    | BEARER                                                                                                                      |
| No. PGFL  |    | [                    ]1 |
|                |    | [                    ]2 |

| 1  | Insert Principal Amount.        |
|---------|--------------------------------------|

| 2  | Insert Optional Payment Amount      if the Note has dual-currency feature.   |
|---------|-----------------------------------------------------------------------------------|

| 3  | Common safe-keeper is only      applicable where this Note indicates hereon that it is intended to be a      New Global Note.   |
|---------|--------------------------------------------------------------------------------------------------------------------------------------|

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|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ISIN:   COMMON CODE:   ORIGINAL ISSUE      DATE:   MATURITY DATE:   PRINCIPAL AMOUNT IN SPECIFIED      CURRENCY:   INTEREST      CALCULATION: [    ] Regular Floating Rate      Note [    ] Inverse Floating Rate      Note [    ] Other Floating Rate   INTEREST RATE      BASIS: [    ] CD Rate [    ] Commercial Paper Rate [    ] Eleventh District Cost      of         Funds      Rate [    ] Federal Funds Rate [    ] LIBOR [    ] EURIBOR [    ] Treasury Rate [    ] Prime Rate [    ] Other   SPREAD (PLUS OR      MINUS):   SPREADMULTIPLIER:   INDEX MATURITY:   NEW GLOBAL NOTE: [    ] Yes4 [    ] No   INTENDED TO BE HELD IN A      MANNER WHICH WOULD ALLOW EUROSYSTEM ELIGIBILITY: [    ] Yes5 [    ] Not Applicable    |    | IF INTEREST RATE BASIS IS      LIBOR, INDEX CURRENCY:   DESIGNATED LIBOR      PAGE: [    ]      Reuters Page:                      [    ]      Telerate Page:                        MAXIMUM INTEREST RATE:   MINIMUM INTEREST      RATE:   INTEREST PAYMENT PERIOD:   INTEREST PAYMENT      DATE(S):   INITIAL INTEREST      RATE:   INTEREST RESET      PERIOD:   INTEREST RESET      DATES:   INTEREST DETERMINATION      DATE:   REGULAR RECORD DATES (if      any):  |    | DAY COUNTFRACTION [    ] Actual/3656 [    ] Actual/Actual [    ] Actual/Actual (ISDA) [    ] Actual/365 (Fixed) [    ] Actual/365 (Sterling) [    ] Actual/3607 [    ] 30/360 [    ] 360/360 [    ] Bond Basis [    ] 30E/360 [    ] Eurobond Basis [    ] (Other)   CALCULATIONAGENT:   ISSUER OPTIONAL REDEMPTION      DATE:   NOTEHOLDER OPTIONAL REDEMPTION      DATE:   OPTIONAL      REPAYMENT:   FACE AMOUNT      CURRENCY:   OPTION VALUE CALCULATION      AGENT:   OPTIONAL PAYMENT      CURRENCY:   OPTION ELECTION      DATES:   DESIGNATED EXCHANGE      RATE:  |    | CURRENCY BASE      RATE:   DETERMINATION      AGENT:   INITIAL MATURITY      DATE:   ELECTION DATE   FINAL MATURITY      DATE:   AVAILABILITY OF REGISTERED      NOTES:   IF THIS NOTE IS EXCHANGEABLE      DIRECTLY FOR DEFINITIVE NOTES, INDICATE FORM(S) OF DEFINITIVE NOTES:         DENOMINATIONS OF DEFINITIVE      NOTES (if not as set forth herein):   DENOMINATIONS:   REDENOMINATION:   LISTING:   TAX REDEMPTION      DATE:   ADDENDUMATTACHED:   OTHER PROVISIONS:   RANKING: [    ] Senior [    ] Subordinated  |

| 4  | Only applicable to euro      denominated Notes intended to be held in a manner which would allow      Eurosystem eligibility.   |
|---------|--------------------------------------------------------------------------------------------------------------------------------------|

| 5  | Only applicable if Note issued      in New Global Note form   |
|---------|--------------------------------------------------------------------|

| 6  | Floating Rate Notes      denominated in any specified currency other than U.S. Dollars or Sterling        |
|---------|----------------------------------------------------------------------------------------------------------------|

| 7  | Floating Rate U.S. Dollar      Denominated Notes   |
|---------|--------------------------------------------------------------|

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|        |        |                                           |        |                                                                                                    |
|--------|--------|-------------------------------------------|--------|----------------------------------------------------------------------------------------------------|
| DATED: |   | GENERAL ELECTRIC      CAPITAL CORPORATION |
|        |        |                                           |
| [SEAL] |   | By:                                       |   | /s/ Kathryn A.      Cassidy                                                                   |
|        |   | Name:                                     |   | Kathryn A. Cassidy                                                                                 |
|        |   | Title:                                    |   | Senior Vice President –      Corporate Treasury and Global Funding      Operation  |

|     |        |                                |
|-----|--------|--------------------------------|
| By: |   | /s/ Craig T.      Beazer  |
|     |   | Authorized Signatory           |

|                                                                                                                                              |        |                    |
|----------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|
| THE BANK OF NEW      YORK             as      Fiscal and Paying Agent  |
|                                                                                                                                              |        |
| By:                                                                                                                                          |   |          |
|                                                                                                                                              |   | Authorized Officer |

| 8  | Applicable only for a series      of Notes issued and indicated hereon that it is issued as a New Global      Note.   |
|---------|----------------------------------------------------------------------------------------------------------------------------|

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|                      |              |                                   |              |            |
|----------------------|--------------|-----------------------------------|--------------|------------|
| Money Market Yield = |    | D x 360            |    | x 100 |
|                      |    | 360 - (D x M) |    |            |

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| 9  | insert as applicable as set      out in the applicable Final Terms or Securities Note (as the case may be)        |
|---------|------------------------------------------------------------------------------------------------------------------------|

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|                            |              |                                       |
|----------------------------|--------------|---------------------------------------|
| Currency              |    | Principal Financial      Center  |
| United      States dollars |    | The City      of New York             |
| Australian dollars         |    | Sydney      and Melbourne             |
| Canadian      dollars      |    | Toronto                               |
| New      Zealand dollars   |    | Auckland      and Wellington          |
| Norwegian      Krone       |    | Oslo                                  |
| South      African rand    |    | Johannesburg                          |
| Swedish      Krona         |    | Stockholm                             |
| Swiss      francs          |    | Zurich                                |

----

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|       |        |                                                                                                                                                                                                               |
|-------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Date: |   |                                                                                                                                                                                                               |
|       |        |
|       |   | NOTICE: The signature on      this Option to Elect Repayment must correspond with the name as written      upon the face of the within instrument in every particular without      alteration or enlargement. |

----

|                                                                |        |                         |        |                                                                |        |                                                          |        |                                                              |        |                                                                  |        |                                                                              |
|----------------------------------------------------------------|--------|-------------------------|--------|----------------------------------------------------------------|--------|----------------------------------------------------------|--------|--------------------------------------------------------------|--------|------------------------------------------------------------------|--------|------------------------------------------------------------------------------|
| Date of Exchange or Interest Payment  |   | Payment ofInterest |   | Principal(Face)11AmountExchangedFromTemporaryGlobal Notes |   | Principal(Face)11AmountExchangedForDefinitiveBearerNotes |   | Principal(Face)11AmountExchangedForDefinitiveRegisteredNotes |   | RemainingPrincipal(Face)11AmountOutstandingFollowingSuchExchange |   | NotationMade by oron behalf ofFiscal      andPayingAgent |

| 10  | Schedule A-1 should only be      completed where this Note indicates hereon that it is not intended to be a      New Global Note.   |
|----------|------------------------------------------------------------------------------------------------------------------------------------------|

| 11  | To be used if Note has      dual-currency or index feature.   |
|----------|--------------------------------------------------------------------|

----

| 12  | Schedule A-2 should only be      completed where this Note indicates hereon that it is not intended to be a      New Global Note.   |
|----------|------------------------------------------------------------------------------------------------------------------------------------------|

----

|                               |        |                        |
|-------------------------------|--------|------------------------|
| [Name of Account      Holder] |
|                               |        |
| By:                           |   |              |
|                               |   | (Authorized Signatory) |
| Name:                         |   |                        |
| Title:                        |   |                        |

----

|                                                                                                                         |        |              |
|-------------------------------------------------------------------------------------------------------------------------|--------|--------------|
| [EUROCLEAR BANK,      S.A./N.V       as Operator of the Euroclear      System]  |
|                                                                                                                         |
| [CLEARSTREAM BANKING SOCIÉTÉ ANONYME]                                                          |
|                                                                                                                         |
| [OTHER CLEARANCE      SYSTEM]                                                                                           |
|                                                                                                                         |        |
| By:                                                                                                                     |   |    |