Document:

First Amendment to Citibank N.A. Credit Agreement dated July 16, 2004

 Exhibit 10.11 
  
 AMGEN INC. 
  
 FIRST AMENDMENT 
 TO CREDIT AGREEMENT

  
 This FIRST AMENDMENT TO CREDIT
AGREEMENT (this “Amendment”) is dated as of December 6, 2005 and entered into by and among Amgen Inc., a Delaware corporation (“Company”), the financial institutions listed on the signature pages hereof
(“Banks”) and Citicorp USA, Inc., as administrative agent for Banks (“Administrative Agent”), and is made with reference to that certain Credit Agreement dated as of July 16, 2004 (the “Credit
Agreement”), by and among Company, Banks, Citibank, N.A., as Issuing Bank, Barclays Bank PLC, as Syndication Agent, and Administrative Agent. Capitalized terms used herein without definition shall have the same meanings herein as set forth
in the Credit Agreement. 
  
 RECITALS 
  
 WHEREAS, Company and Banks desire to amend the Credit
Agreement to extend the Maturity Date as set forth below: 
  
 NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, the parties hereto agree as follows: 
  
 Section 1. AMENDMENTS TO THE CREDIT AGREEMENT 
  
 Subsection 1.1 of the Credit Agreement is hereby amended by deleting the definition of “Maturity
Date” therefrom in its entirety and substituting the following therefor: 
  
 ““Maturity Date” means November 30, 2010.” 
  
 Section 2. CONDITIONS TO EFFECTIVENESS 
  
 Section 1 of this Amendment shall become effective only upon the satisfaction of all of the following conditions precedent (the date
of satisfaction of such conditions being referred to herein as the “First Amendment Effective Date”): 
  
 A. On or before the First Amendment Effective Date, Company shall deliver to Banks (or to Administrative Agent for Banks with
sufficient originally executed copies, where appropriate, for each Bank and its counsel) the following, each, unless otherwise noted, dated the First Amendment Effective Date: 
  
 1. Certified copies of its Certificate of Incorporation, together with a good standing certificate from the
Secretary of State of the State of Delaware, each dated a recent date prior to the First Amendment Effective Date; 

 2. Copies of its Bylaws, certified as of the First Amendment Effective Date by its
corporate secretary or an assistant secretary; 
  
 3. Resolutions of its Board of Directors approving and authorizing the execution, delivery, and performance of this Amendment, certified as of the First Amendment Effective Date by its corporate secretary or an assistant secretary as being
in full force and effect without modification or amendment; 
  
 4. Signature and incumbency certificates of its officers executing this Amendment; and 
  
 5. Executed copies of this Amendment. 
  
 B. Banks shall have received copies of one or more favorable written opinions of Latham & Watkins LLP, counsel for
Company, in form and substance reasonably satisfactory to Administrative Agent and its counsel, dated as of the First Amendment Effective Date, with respect to the enforceability of the Amended Agreement (as hereinafter defined) and as to such other
matters as Administrative Agent acting on behalf of Banks may reasonably request. 
  
 C. On or before the First Amendment Effective Date, all corporate and other proceedings taken or to be taken in connection with the
transactions contemplated hereby and all documents incidental thereto not previously found acceptable by Administrative Agent, acting on behalf of Banks, and its counsel shall be satisfactory in form and substance to Agent and such counsel, and
Agent and such counsel shall have received all such counterpart originals or certified copies of such documents as Administrative Agent may reasonably request. 
  

Section 3. COMPANY’S REPRESENTATIONS AND WARRANTIES 
  
 In order to induce Banks to enter into this Amendment and to amend the Credit Agreement in the manner
provided herein, Company represents and warrants to each Bank that the following statements are true, correct and complete: 
  
 A. Corporate Power and Authority. Company has all requisite corporate power and authority to enter into this Amendment and to carry
out the transactions contemplated by, and perform its obligations under, the Credit Agreement as amended by this Amendment (the “Amended Agreement”). 
  
 B. Authorization of Agreements. The execution and delivery of this Amendment and the performance of
the Amended Agreement have been duly authorized by all necessary corporate action on the part of Company. 
  
 C. No Conflict. The execution and delivery by Company of this Amendment and the performance by Company of the Amended Agreement do
not and will not (i) violate any provision of any law or any governmental rule or regulation applicable to Company, the Certificate or Articles of Incorporation or Bylaws of Company or any order, judgment or decree of any court or other agency
of government binding on Company, 

  

 2 

 
(ii) conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any Contractual Obligation of Company,
(iii) result in or require the creation or imposition of any Lien upon any of the properties or assets of Company, or (iv) require any approval of stockholders or any approval or consent of any Person under any Contractual Obligation of
Company except where such violation of, conflict with, breach, default, creation or imposition of Lien or failure to receive approval or consent would not constitute a Material Adverse Effect. 
  
 D. Governmental Consents. The execution and delivery
by Company of this Amendment and the performance by Company of the Amended Agreement do not and will not require any registration with, consent or approval of, or notice to, or other action to, with or by, any federal, state or other governmental
authority or regulatory body. 
  
 E. Binding
Obligation. This Amendment has been duly executed and delivered by Company and this Amendment and the Amended Agreement are the legally valid and binding obligations of Company, enforceable against Company in accordance with their respective
terms, except as may be limited by Debtor Relief Laws or equitable principles relating to the granting of specific performance and other equitable remedies as a matter of judicial discretion. 
  
 F. Incorporation of Representations and Warranties From
Credit Agreement. The representations and warranties contained in Article 4 of the Credit Agreement are and will be true, correct and complete in all material respects on and as of the First Amendment Effective Date to the same extent as though
made on and as of that date, except to the extent such representations and warranties specifically relate to an earlier date, in which case they were true, correct and complete in all material respects on and as of such earlier date. 
  
 G. Absence of Default. No event has occurred and is
continuing or will result from the consummation of the transactions contemplated by this Amendment that would constitute a Default or Event of Default. 
  
 Section 4. MISCELLANEOUS 
  
 A. Reference to and Effect on the Credit Agreement and the Other Loan Documents. 
  
 (i) On and after the First Amendment Effective Date, each reference in the
Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to the “Credit
Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement shall mean and be a reference to the Amended Agreement. 
  
 (ii) Except as specifically amended by this Amendment, the Credit Agreement and the other Loan Documents shall remain in
full force and effect and are hereby ratified and confirmed. 
  

 3 

 (iii) The execution, delivery and performance of this Amendment shall not, except as expressly provided
herein, constitute a waiver of any provision of, or operate as a waiver of any right, power or remedy of Agent or any Bank under, the Credit Agreement or any of the other Loan Documents. 
  
 B. Fees and Expenses. Company acknowledges that all costs, fees and expenses as described in
subsection 13.3 of the Credit Agreement incurred by Administrative Agent and its counsel with respect to this Amendment and the documents and transactions contemplated hereby shall be for the account of Company. 
  
 C. Headings. Section and subsection headings in this
Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose or be given any substantive effect. 
  
 D. Applicable Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE
GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING WITHOUT LIMITATION SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK), WITHOUT REGARD TO CONFLICTS OF
LAWS PRINCIPLES. 
  
 E. Counterparts;
Effectiveness. This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together
shall constitute but one and the same instrument; signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages are physically attached to the same document. This Amendment
(other than the provisions of Section 1 hereof, the effectiveness of which is governed by Section 2 hereof) shall become effective upon the execution of a counterpart hereof by Company and Banks and receipt by Company and Administrative
Agent of written or telephonic notification of such execution and authorization of delivery thereof. 
  
 Section 5. ACKNOWLEDGEMENT BY COMPANY AS GUARANTOR 
  

The Company hereby confirms and agrees that, notwithstanding the effectiveness of this Amendment, the obligations of the Company under
the Guaranty in Article 11 of the Indenture shall not be impaired or affected and such Guaranty is, and shall continue to be, in full force and effect and is hereby confirmed and ratified in all respects. 
  
 [The remainder of page intentionally left blank.] 
  

 4 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

	
	AMGEN INC.
	
	/s/    LISA A. EVREN        
	Lisa A. Evren
	Vice President, Treasury and Treasurer

  

 S-1Exhibit 4.1

 Exhibit 4.1 
  
 STANDARD INDENTURE TERMS 
  
 with respect to 
  
 GENWORTH GLOBAL FUNDING TRUSTS 
  
 Secured Medium-Term Notes and 
  
 Genworth DirectNotesSM 
  
 Dated as of December 8, 2005 
  

“DirectNotesSM” is a
service mark of Genworth Financial, Inc. all rights reserved. 

 TABLE OF CONTENTS 
  
 ARTICLE 1 
 Definitions and Other Provisions of General Application 
  

			
	 SECTION 1.01. Definitions
	  	1
	 SECTION 1.02. Compliance Certificates and Opinions
	  	11
	 SECTION 1.03. Form of Documents Delivered to Indenture Trustee.
	  	12
	 SECTION 1.04. Acts of Holders.
	  	13
	 SECTION 1.05. Notices
	  	15
	 SECTION 1.06. Notice to Holders; Waiver.
	  	17
	 SECTION 1.07. Severability
	  	17
	 SECTION 1.08. Successors and Assigns
	  	17
	 SECTION 1.09. Benefits of Indenture
	  	17
	 SECTION 1.10. Language of Notices
	  	17
	 SECTION 1.11. Governing Law.
	  	18
	 SECTION 1.12. Waiver of Jury Trial
	  	18
	 SECTION 1.13. Counterparts
	  	18
	 SECTION 1.14. Third Party Beneficiaries
	  	19
	 SECTION 1.15. Conflict with Trust Indenture Act
	  	19
		
	ARTICLE 2	  	 
	The Notes	  	 
		
	 SECTION 2.01. Forms Generally.
	  	19
	 SECTION 2.02. No Limitation on Aggregate Principal Amount of Notes
	  	22
	 SECTION 2.03. Listing
	  	22
	 SECTION 2.04. Redemption and Repayment.
	  	22
	 SECTION 2.05. Execution, Authentication and Delivery Generally.
	  	24
	 SECTION 2.06. Registration
	  	27
	 SECTION 2.07. Transfer.
	  	27
	 SECTION 2.08. Mutilated, Destroyed, Lost and Stolen Notes.
	  	28
	 SECTION 2.09. Payment of Interest; Rights To Interest Preserved.
	  	28
	 SECTION 2.10. Cancellation
	  	29
	 SECTION 2.11. Persons Deemed Owners
	  	29
	 SECTION 2.12. Tax Treatment; Tax Returns and Reports.
	  	29
	 SECTION 2.13. No Association
	  	30
	 SECTION 2.14. Administrative Procedures
	  	30
		
	ARTICLE 3	  	 
	Covenants, Representations and Warranties	  	 
		
	 SECTION 3.01. Payment of Principal and any Premium, Interest and Additional Amounts
	  	30
	 SECTION 3.02. Collection Account
	  	31
	 SECTION 3.03. Agreements of the Paying Agent
	  	31

  

 i 

			
	 SECTION 3.04. Maintenance of Office or Agency.
	  	33
	 SECTION 3.05. Duties of the Agents.
	  	34
	 SECTION 3.06. Duties of the Transfer Agent
	  	35
	 SECTION 3.07. Duties of the Registrar.
	  	36
	 SECTION 3.08. Unclaimed Monies
	  	37
	 SECTION 3.09. Protection of Collateral.
	  	37
	 SECTION 3.10. Opinions as to Collateral; Annual Statement as to Compliance.
	  	39
	 SECTION 3.11. Performance of Obligations
	  	40
	 SECTION 3.12. Existence.
	  	40
	 SECTION 3.13. Reports; Financial Information; Notices of Defaults.
	  	41
	 SECTION 3.14. Payment of Taxes and Other Claims
	  	42
	 SECTION 3.15. Negative Covenants
	  	43
	 SECTION 3.16. Non-Petition
	  	45
	 SECTION 3.17. Title to the Collateral
	  	45
	 SECTION 3.18. Withholding and Payment of Additional Amounts.
	  	45
	 SECTION 3.19. Additional Representations and Warranties.
	  	47
	 SECTION 3.20. Ancillary Documents
	  	49
		
	ARTICLE 4	  	 
	Granting of Security Interest and Assignment for Collateral Purposes	  	 
		
	 SECTION 4.01. Creation
	  	49
	 SECTION 4.02. Scope.
	  	49
	 SECTION 4.03. Termination of Security Interest
	  	51
		
	ARTICLE 5	  	 
	Satisfaction and Discharge; Subrogation	  	 
		
	 SECTION 5.01. Satisfaction and Discharge of Indenture
	  	51
	 SECTION 5.02. Application of Trust Money
	  	52
		
	ARTICLE 6	  	 
	Defaults and Remedies	  	 
		
	 SECTION 6.01. Events of Default.
	  	53
	 SECTION 6.02. Acceleration of Maturity Date; Rescission and Annulment
	  	54
	 SECTION 6.03. Collection of Indebtedness and Suits for Enforcement
	  	55
	 SECTION 6.04. Indenture Trustee May File Proofs of Claim
	  	56
	 SECTION 6.05. Indenture Trustee May Enforce Claims Without Possession of Notes
	  	56
	 SECTION 6.06. Application of Money Collected
	  	57
	 SECTION 6.07. Limitation on Suits
	  	57
	 SECTION 6.08. Unconditional Rights of Holders to Receive Payments
	  	58
	 SECTION 6.09. Restoration of Rights and Remedies
	  	58
	 SECTION 6.10. Rights and Remedies Cumulative
	  	58
	 SECTION 6.11. Delay or Omission Not Waiver
	  	59
	 SECTION 6.12. Control by Holders
	  	59

  

 ii 

			
	 SECTION 6.13. Waiver of Past Defaults
	  	59
	 SECTION 6.14. Undertaking for Costs
	  	59
	 SECTION 6.15. Waiver of Stay or Extension Laws
	  	60
		
	ARTICLE 7	  	 
	The Indenture Trustee and Other Agents	  	 
		
	 SECTION 7.01. Duties of Indenture Trustee.
	  	60
	 SECTION 7.02. No Liability to Invest
	  	62
	 SECTION 7.03. Performance Upon Default
	  	62
	 SECTION 7.04. No Assumption by Paying Agent, Transfer Agent, Calculation Agent or Registrar
	  	62
	 SECTION 7.05. Notice of Default
	  	62
	 SECTION 7.06. Rights of Indenture Trustee
	  	62
	 SECTION 7.07. Not Responsible for Recitals or Issuance of Notes
	  	64
	 SECTION 7.08. Indenture Trustee May Hold Notes
	  	64
	 SECTION 7.09. Money Held in Trust
	  	65
	 SECTION 7.10. Compensation and Reimbursement
	  	65
	 SECTION 7.11. Eligibility
	  	66
	 SECTION 7.12. Resignation and Removal; Appointment of Successor.
	  	66
	 SECTION 7.13. Acceptance of Appointment by Successor.
	  	68
	 SECTION 7.14. Merger, Conversion, Consolidation or Succession to Business of Indenture Trustee
	  	68
	 SECTION 7.15. Co-trustees.
	  	68
	 SECTION 7.16. Appointment and Duties of the Calculation Agent.
	  	70
	 SECTION 7.17. Changes in Agents.
	  	71
	 SECTION 7.18. Limitation of Trustee Liability
	  	73
		
	ARTICLE 8	  	 
	Supplemental Indentures	  	 
		
	 SECTION 8.01. Supplemental Indentures Without Consent of Holders
	  	73
	 SECTION 8.02. Supplemental Indenture With Consent of Holders.
	  	74
	 SECTION 8.03. Execution of Supplemental Indentures
	  	75
	 SECTION 8.04. Effect of Supplemental Indenture
	  	75
	 SECTION 8.05. Reference in Notes to Supplemental Indentures
	  	75
	 SECTION 8.06. Conformity with Trust Indenture Act
	  	76
	 SECTION 8.07. Amendment to the Funding Agreement
	  	76
		
	ARTICLE 9	  	 
	Non-Recourse Provisions	  	 
		
	 SECTION 9.01. Nonrecourse Enforcement
	  	77
		
	ARTICLE 10	  	 
	Meetings of Holders of Notes	  	 
		
	 SECTION 10.01. Purposes for Which Meetings May be Called
	  	78

  

 iii 

			
	 SECTION 10.02. Call, Notice and Place of Meetings.
	  	78
	 SECTION 10.03. Persons Entitled to Vote at Meetings
	  	78
	 SECTION 10.04. Quorum; Action
	  	79
	 SECTION 10.05. Determination of Voting Rights; Conduct and Adjournment of Meetings.
	  	80
	 SECTION 10.06. Counting Votes and Recording Action of Meetings
	  	80
		
	ARTICLE 11	  	 
	Notes in Foreign Currencies	  	 
		
	 SECTION 11.01. Notes in Foreign Currencies
	  	81

  

 iv 

 STANDARD INDENTURE TERMS 
  
 This document constitutes the Standard Indenture Terms, dated as of December 8, 2005, which are incorporated by reference in
the Indenture (specified in Section B of the Pricing Instrument, as defined below), by and among the Trust named in the Pricing Instrument and the Indenture Trustee, Registrar, Transfer Agent, Paying Agent and Calculation Agent for such Trust, in
connection with the Program (all as defined in the Indenture). 
  
 These Standard Indenture Terms shall be of no force and effect unless and until incorporated by reference into, and then only to the extent not modified by, such Indenture. 
  
 The following terms and provisions shall govern the Notes subject to contrary terms and provisions expressly adopted in such
Indenture, any supplemental indenture or the Notes, which contrary terms shall be controlling. 
  
 ARTICLE 1 
 DEFINITIONS AND OTHER PROVISIONS
OF GENERAL APPLICATION 
  
 SECTION 1.01. Definitions. For all purposes of the Indenture, of all indentures supplemental to the Indenture and of all Notes issued under the Indenture, except as otherwise expressly provided or unless the context otherwise
requires: 
  
 (a) the terms defined in the Indenture have the
meanings assigned to them in this Article 1, and include the plural as well as the singular; 
  
 (b) all accounting terms not otherwise defined in the Indenture have the meanings assigned to them in accordance with generally accepted accounting
principles in the United States, and, except as otherwise expressly provided in the Indenture, the term “generally accepted accounting principles” with respect to any computation required or permitted under the Indenture shall mean such
accounting principles as are generally accepted at the date of such computation in the United States; 
  
 (c) the word “including” shall be construed to be followed by the words “without limitation”; 
  
 (d) Article and Section headings are for the convenience of the reader and
shall not be considered in interpreting the Indenture or the intent of the parties to the Indenture; 
  
 (e) the words “hereby,” “herein,” “hereof” and “hereunder” and other words of similar import refer to the
Indenture as a whole and not to any particular Article, Section, Exhibit, Schedule or other subdivision; and 
  
 (f) references in the Indenture to Articles, Sections, Exhibits and Schedules shall refer respectively to Articles, Sections, Exhibits and Schedules of
these Standard Indenture Terms, unless otherwise expressly provided. 
  
 “Act”, with respect to any Holder, has the meaning set forth in Section 1.04. 
  

 1 

 “Additional Amounts” means additional amounts that are required by the Indenture or the
Notes to be paid by the Trust to Holders pursuant to Section 3.18 or additional amounts that are required pursuant to the Funding Agreement, under circumstances specified therein, to be paid by GELAAC to the Funding Agreement Holder, to
compensate for any withholding or deduction for or on the account of any present or future taxes, duties, levies, assessments or other governmental charges of whatever nature imposed or levied on payments in respect of such Notes or Funding
Agreement, as applicable, by or on behalf of any governmental authority in the United States having the power to tax, so that the net amount received by the Holders or the Funding Agreement Holder will equal the amount that would have been received
under such Notes or Funding Agreement, as applicable, had no such deduction or withholding been required. 
  
 “Advance” has the meaning set forth in Section 2.05(f). 
  
 “Affiliate” means, as applied to any Person, any other Person directly or indirectly controlling,
controlled by, or under direct or indirect common control with, that Person and, in the case of an individual, any spouse or other member of that individual’s immediate family. For the purposes of this definition, “control” (including
with correlative meanings, the terms “controlling”, “controlled by” and “under common control with”), as applied to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction
of the management and policies of that Person, whether through the ownership of voting securities or by contract or otherwise. 
  
 “Agent” means any of the Registrar, Transfer Agent, Paying Agent or Calculation Agent. 
  
 “Authorized Newspaper” means a newspaper, in an official
language of the place of publication or in the English language, customarily published on each day that is a business day in the place of publication, whether or not published on days that are not business days in the place of publication, and of
general circulation in each place in connection with which the term is used or in the financial community of each such place. Where successive publications are required to be made in Authorized Newspapers, the successive publications may be made in
the same or in different newspapers in the same city meeting the foregoing requirements and, in each case, on any day that is a business day in the place of publication. 
  
 “Authorized Signatories” mean Responsible Officers authorized to execute documents on behalf of the Trust.

  
 “Banking Day” means a day (other than a
Saturday or Sunday) on which commercial banks are generally open for business (including dealings in foreign exchange and foreign currency deposits) in the place where the specified office of the Paying Agent or, as the case may be, the Registrar is
located. 
  
 “Business Day” means (except as
otherwise provided in the Pricing Supplement) for any Note, any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which commercial banks are authorized or required by law, regulation or executive order to close in
New York City; provided, however, that, (i) if the Notes have a Specified Currency other than U.S. Dollars or Euros, “Business Day” means any day that is not a day on which commercial banks are authorized or required by
law, regulation or executive order to close in the Principal Financial Center of the country issuing the Specified Currency and (ii) if the Notes have Euros as the Specified Currency, “Business Day” means a day on which the TARGET
System is open. 
  

 2 

 “Calculation Agent” means the institution appointed as calculation agent for the Notes
and named as such in the Pricing Supplement and its successors or assigns in such capacity. For such purpose, the Paying Agent accepts its appointment as the initial Calculation Agent pursuant to Section 7.16. 
  
 “Clearing System” means DTC and any other clearing system
specified in the Pricing Supplement. 
  
 “Code”
means the Internal Revenue Code of 1986, as amended, including any successor or amendatory statutes and any applicable rules, regulations, notices or orders promulgated thereunder. 
  
 “Collateral” means the right, title, benefits, remedies and interests of the Trust in, to and under
(i) the Funding Agreement, (ii) all Proceeds of the Funding Agreement and all amounts and instruments on deposit from time to time in the Collection Account, and (iii) all books and records pertaining to the Funding Agreement.

  
 “Collection Account” means a non-interest
bearing account with the Indenture Trustee in the name of the Trust or such other account with a depositary institution that is rated at least AA- or Aa3 by a nationally recognized statistical rating organization as may be designated by the Trustee,
which account shall be segregated from other accounts held by the Indenture Trustee or such other depositary institution. 
  
 “Commission” means the Securities and Exchange Commission or any successor body performing such duties of the Commission. 
  
 “Contingent Obligation” means, as applied to any Person,
without duplication, any direct or indirect liability, contingent or otherwise, of that Person (i) with respect to any Indebtedness, lease, dividend, letter of credit or other obligation of another if the primary purpose or intent thereof by
the Person incurring the Contingent Obligation is to provide assurance to the obligee of such obligation of another that such obligation of another will be paid or discharged, or that any agreements relating thereto will be complied with, or that
the holders of such obligation will be protected (in whole or in part) against loss in respect thereof, (ii) under any letter of credit issued for the account of or for which that Person is otherwise liable for reimbursement thereof,
(iii) under agreements providing for the hedging or limitation of interest rate or currency risk, (iv) under any performance bond or other surety arrangement, (v) under any direct or indirect guaranty, endorsement (otherwise than for
collection or deposit in the ordinary course of business), co-making, discounting with recourse or sale with recourse by such Person of the obligation of another, or (vi) for the obligations of another through any agreement (contingent or
otherwise). 
  
 “Corporate Trust Office” means
the office of the Indenture Trustee at which its corporate trust business shall, at any particular time, be principally administered, which office at the date hereof is located as indicated in Section 1.05. 
  

 3 

 “Custodial Agreement” means that certain Custodial Agreement, dated December 7, 2005, by
and among the Custodian, the Trustee and the Indenture Trustee. 
  
 “Custodian” means SunTrust Bank and its permitted successors and assigns under the Custodial Agreement. 
  
 “Default” means any occurrence that is, or with notice or the lapse of time or both would become, an Event of Default. 
  
 “Defaulted Interest” has the meaning set forth in
Section 2.09. 
  
 “Definitive Note”
means a Note issued in certificated and registered form. 
  
 “Depositary” means the Person designated as Depositary by the Trust pursuant to the Indenture, which Person, if required by any applicable law, regulation or exchange requirement, must be a clearing agency registered under
the Securities Exchange Act and, if so provided with respect to any Note, any successor to such Person. Initially, the Depositary shall be DTC. 
  
 “Distribution Agreement” means that certain Distribution Agreement, dated as of the effective date of the Registration Statement,
by and among GELAAC and the agents named therein and acknowledged and agreed to by the Trust, relating to the issuance and sale of the Notes under the Program, as the same may be amended, modified or supplemented from time to time. 
  
 “Dollars”, “$”, “U.S. $”,
“United States Dollars” and “U.S. Dollars” mean such coin or currency of the United States as at the time shall be legal tender for the payment of public or private debts. 
  
 “DTC” means The Depository Trust Company, New York, New
York, and its successors and assigns. 
  
 “European Union
Directive” means any law, regulation, directive or any interpretation by the European Union or a member nation of the European Union which requires the withholding or deduction of any amounts payable under the Notes, the Indenture or the
Funding Agreement. 
  
 “Event of Default” has the
meaning set forth in Section 6.01. 
  
 “Expense and Indemnity Agreement” means, as applicable, (i) that certain Expense and Indemnity Agreement, dated December 7, 2005, by and between GELAAC and the Trustee, on behalf of itself and each trust organized
under the Program, including the Trust, (ii) that certain Expense and Indemnity Agreement, dated December 7, 2005, by and between GELAAC and the Custodian, (iii) that certain Expense and Indemnity Agreement, dated December 7, 2005, by and
between GELAAC and the Indenture Trustee, and (iv) that certain Expense and Indemnity Agreement, dated December 7, 2005, by and between GELAAC and the Trust Beneficial Owner, as each may be amended, modified or supplemented from time to time.

  

 4 

 “Funding Agreement” means each funding agreement designated in the Indenture, entered
into by and between GELAAC and the Trust, as it may be modified, restated, replaced, supplemented or otherwise amended from time to time in accordance with the terms thereof. 
  
 “Funding Agreement Holder” means, with respect to the Notes, the “Policyholder” as specified in
the Funding Agreement. 
  
 “GELAAC”
means GE Life and Annuity Assurance Company, a stock life insurance company operating under a charter granted by the Commonwealth of Virginia, or any successor thereto. Effective as of January 1, 2006, all references in these Standard
Indenture Terms to “GE Life and Annuity Assurance Company” or “GELAAC” shall be changed to “Genworth Life and Annuity Insurance Company” or “GLAIC”, respectively. 
  
 “Global Note” means a Note issued in book-entry and
registered form. 
  
 “Holder” means the Person in
whose name a Note or Notes is registered in the Register. 
  
 “Indebtedness” means, as applied to any Person, (i) all indebtedness for borrowed money or for the deferred purchase price of property or services in respect of which such Person is liable, contingent or otherwise, or
in respect of which such Person otherwise assures a creditor against loss (excluding trade accounts payable and accrued expenses arising in the ordinary course of business as determined in good faith by such Person), (ii) that portion of
obligations with respect to capital leases which is properly classified as a liability on a balance sheet in conformity with generally accepted accounting principles, (iii) obligations evidenced by bonds, notes, debentures or similar
instruments of such Person, and notes payable by such Person and drafts accepted by such Person representing extensions of credit whether or not representing obligations for borrowed money, including the face amount of all drafts drawn thereunder,
and (iv) all indebtedness secured by any Lien on any property or asset owned or held by that Person regardless of whether the indebtedness secured thereby shall have been assumed by that Person or is non-recourse to the credit of that Person.

  
 “Indenture” means that certain Indenture,
contained in, and dated as of the date specified in the Pricing Instrument, by and among the Indenture Trustee, Registrar, Transfer Agent, Paying Agent and Calculation Agent and the Trust, as may be amended, modified or supplemented from time to
time, which incorporates by reference these Standard Indenture Terms, and shall include the terms of the Notes established as contemplated hereunder and thereunder. 
  
 “Indenture Trustee” means, unless otherwise specified in the Indenture, JPMorgan Chase Bank, N.A. and,
subject to the provisions of Article 7, shall also include its successors and assigns as Indenture Trustee under the Indenture. 
  
 “Interest Payment Date” means each date on which interest is due and payable to the Holders of the Notes as specified in the Indenture.

  
 “Investment Company Act” means the Investment
Company Act of 1940, as it may be amended or supplemented from time to time, and any successor statute thereto, and the rules, regulations and published interpretations of the Commission promulgated thereunder from time to time. 
  

 5 

 “LIBOR Currency” means the currency specified in the Pricing Supplement as to which
LIBOR (as defined in the Notes) shall be calculated or, if no currency is specified in the Pricing Supplement, United States Dollars. 
  
 “LIBOR Notes” means Notes that bear interest based on LIBOR (as defined in the Notes). 
  
 “License Agreement” means that certain Trademark License
Agreement by and between the Trustee, on behalf of each Trust, and Genworth Financial, Inc., dated as of October 28, 2005, as the same may be amended, modified or supplemented from time to time. 
  
 “Lien” means any mortgage, pledge, hypothecation,
assignment, deposit arrangement, encumbrance, lien (statutory or other), or preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including without limitation any conditional sale or other
title retention agreement, any financing lease having substantially the same economic effect as any of the foregoing, and the filing of any financing statement under the UCC or comparable law of any jurisdiction). 
  
 “Maturity Date” means the date on which the principal of the
Notes becomes due and payable as provided therein or in the Indenture, whether at the Stated Maturity Date thereof, by declaration of acceleration, notice of redemption, notice of the Holder’s option to elect repayment or otherwise. 

 
 “Nonrecourse Parties” has the meaning set forth in
Section 9.01. 
  
 “Note” means any
secured note of the Trust designated in the Indenture and authenticated and delivered under the Indenture, which is in registered form and may be represented by a Global Note or a Definitive Note, and which shall be substantially in the forms
attached as Exhibit A-1, Exhibit A-2 and Exhibit A-3 to the Indenture and “Notes” means the secured notes of the Trust represented by such Note. 
  
 “Notice of Default” has the meaning set forth in Section 6.01. 
  
 “Office or Agency” means an office or agency of the Trust,
the Trustee, the Indenture Trustee, the Paying Agent or the Registrar, as the case may be, maintained or designated as the Place of Payment for the Notes pursuant to Section 3.04 or any other office or agency of the Trust, Indenture
Trustee, Paying Agent or Registrar, as the case may be, maintained or designated for such Notes pursuant to Section 3.04. 
  
 “Opinion of Counsel” means a written opinion addressed to the Indenture Trustee (among other addressees) by legal counsel, who may be
internal legal counsel to GELAAC, who may, except as otherwise expressly provided in the Indenture, be counsel for the Trust or GELAAC or other counsel and who shall be reasonably satisfactory to the Indenture Trustee. 
  
 “Original Issue Date” with respect to the Notes means the
original issue date of the Notes, as specified in the Pricing Supplement. 
  

 6 

 “Outstanding” means, as of any date of determination, all of the Notes theretofore
authenticated and delivered under the Indenture or in one or more indentures supplemental to the Indenture, except: 
  
 (i) Notes theretofore cancelled by the Indenture Trustee or delivered to the Indenture Trustee for cancellation; 
  
 (ii) Notes or portions thereof for the payment or redemption
of which money in the necessary amount has been theretofore deposited with the Indenture Trustee or any Paying Agent in trust for the Holders of the Notes, provided that, if the Notes are to be redeemed, notice of such redemption has been
duly given pursuant to the Indenture or provision therefor satisfactory to the Indenture Trustee has been made; 
  
 (iii) Notes in exchange for or in lieu of which other Notes have been authenticated and delivered pursuant to the Indenture unless proof
satisfactory to the Indenture Trustee is presented that any such Notes are held by a holder in due course; 
  
 (iv) Notes alleged to have been destroyed, lost, stolen or mutilated and surrendered to the Indenture Trustee for which either replacement
Notes have been issued or payment has been made as provided for in Section 2.08 unless proof satisfactory to the Indenture Trustee is presented that any such Notes are held by a holder in due course; and 
  
 (v) Notes represented by Global Notes to the extent that
they shall have been duly exchanged for Definitive Notes pursuant to the Indenture unless proof satisfactory to the Indenture Trustee is presented that any such Notes are held by a holder in due course; 
  
 provided further, however, that in determining whether the Holders of the requisite
percentage of the principal amount of the Outstanding Notes have given any request, demand, authorization, direction, notice, consent or waiver under the Indenture, Notes owned by the Trust or any Affiliate of the Trust shall be disregarded and
deemed not to be Outstanding, except that in determining whether the Indenture Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Notes that the Indenture Trustee actually
knows to be so owned shall be so disregarded. Notes so owned that have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Indenture Trustee that the pledgee is entitled so to act with
respect to such Notes and that the pledgee is not the Trust or any Affiliate of the Trust. 
  
 “Participant” means, with respect to the Depositary or any other Clearing System, a Person who has an account with the Depositary or such other Clearing System, respectively. 
  
 “Paying Agent” means, unless otherwise specified in the
Indenture or a supplemental indenture, the Indenture Trustee, in its capacity as paying agent under the Indenture and its successors or assigns in such capacity. 
  

 7 

 “Person” means any natural person, corporation, limited partnership, general
partnership, joint stock company, joint venture, association, company, limited liability company, trust (including any beneficiary thereof), bank, trust company, land trust, business trust or other organization, whether or not a legal entity, and
governments and agencies and political subdivisions thereof. 
  
 “Place of Payment” means the place where the principal, premium, if any, and interest on the Notes are payable which, unless otherwise specified in the Indenture, shall be the address specified in Section 1.05
for the Indenture Trustee. 
  
 “Predecessor Note”
of any particular Note means every previous Note evidencing all or a portion of the same debt as that evidenced by such particular Note; and, for the purpose of this definition, any Note authenticated and delivered under Section 2.08 in
exchange for or in lieu of a mutilated, destroyed, lost or stolen Note shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Note. 
  
 “Pricing Instrument” means the pricing instrument pursuant to which certain Program Documents are executed.

  
 “Pricing Supplement” means the pricing
supplement attached to the Pricing Instrument as Exhibit C as prepared by the Trust in connection with the issuance and sale by the Trust of the Notes and agreed to by GELAAC, the Trust and the Relevant Agents appointed under the Distribution
Agreement, as such Pricing Supplement may be amended, modified, supplemented or replaced from time to time. 
  
 “Principal Financial Center” means, as applicable, the capital city of the country issuing the Specified Currency or the capital city of
the country to which the LIBOR Currency relates; provided, however, that with respect to United States Dollars, Australian Dollars, Canadian Dollars, the Euro, South African Rand and Swiss Francs, the “Principal Financial Center”
shall be New York City, Sydney, Toronto, London (solely in the case of the LIBOR Currency), Johannesburg and Zurich, respectively. 
  
 “Proceeds” means all of the proceeds of, and all other profits, products, rents, principal payments, interest payments or other receipts,
in whatever form, arising from the collection, sale, lease, exchange, assignment, licensing or other disposition or maturity of, or other realization upon, the Funding Agreement, including without limitation all claims of the Trust against third
parties for loss of, damage to or destruction of, or for proceeds payable under, the Funding Agreement, whether now existing or hereafter arising. 
  
 “Program” means, collectively, the Secured Medium-Term Notes program and the Genworth DirectNotesSM program, in each case, of the Genworth Global Funding Trusts. 
  
 “Program Documents” means the Indenture, the Notes, the Trust Agreement, the Funding Agreement, the
Distribution Agreement, the License Agreement and each Expense and Indemnity Agreement and any other documents or instruments entered into by, with respect to, or on behalf of, the Trust. 
  
 “Rating Agency” means any rating agency that has rated the Program or the Notes. 
  

 8 

 “Redemption Price” means the price at which the Notes are to be redeemed pursuant to
Section 2.04, as set forth in the applicable Pricing Supplement, the Notes or a supplemental indenture. 
  
 “Register” has the meaning set forth in Section 2.06. 
  
 “Registrar” means, unless otherwise specified in the Indenture or a supplemental indenture, the Indenture
Trustee, in its capacity as registrar under the Indenture, or its successors or assigns. 
  
 “Registration Statement” means (i) a registration statement on Form S-3 or other appropriate form, including the prospectus, prospectus supplements and the exhibits included therein and including
any documents or filings incorporated by reference therein, any pre-effective or post-effective amendments thereto and any registration statements filed subsequent thereto under rules promulgated under the Securities Act, relating to the
registration under the Securities Act of the Notes and the Funding Agreement, (ii) any preliminary prospectus or prospectus supplements thereto relating to the Notes whether or not required to be filed pursuant to the Securities Act and any
documents or filings incorporated therein by reference, and (iii) a registration statement and such other documents, forms or filings as may be required by the Securities Act or the Trust Indenture Act or other securities laws, in each case
relating to the Notes. 
  
 “Regular Record Date”
for the interest payable on any Interest Payment Date means the date specified for that purpose in the Notes or the Indenture. 
  
 “Relevant Agent” means each agent (in a firm commitment offering of Notes or in a best efforts offering of Notes) appointed pursuant to
the Distribution Agreement and specified in the Terms Agreement. 
  
 “Responsible Officer” means, with respect to the Indenture Trustee or the Trustee, any vice president, any assistant vice president, any assistant treasurer, any trust officer or assistant trust officer, or any other
officer of the Indenture Trustee or the Trustee, as the case may be, customarily performing functions similar to those performed by any of the above designated officers and also, with respect to a particular corporate trust matter, any other officer
to whom such matter is referred because of his or her knowledge of and familiarity with the particular subject, and also, with respect to the Trustee, having direct responsibility for the administration of the Trust, or with respect to the Indenture
Trustee, having direct responsibility for the administration of the Indenture. 
  
 “Secured Obligations” means the obligations of the Trust secured under the Notes and the Indenture, including (i) all principal, premium, if any, and interest (including, without limitation, any
interest which accrues after the commencement of any case, proceeding or other action relating to the bankruptcy, insolvency or reorganization of the Trust, whether or not allowed or allowable as a claim in any such proceeding) on such Notes or
pursuant to the Indenture, (ii) all other amounts payable by the Trust under the Indenture or under such Notes including all Additional Amounts (if applicable) and all costs and expenses (including without limitation attorneys’ fees)
incurred by each of the Indenture Trustee, the Agents, the Trustee and the Custodian (to the extent not paid pursuant to the applicable Expense and Indemnity Agreement), and (iii) any renewals or extensions of the foregoing. 
  

 9 

 “Securities Act” means the Securities Act of 1933, as it may be amended or supplemented
from time to time, and any successor statute thereto, and the rules, regulations and published interpretations of the Commission promulgated thereunder from time to time. 
  
 “Securities Exchange Act” means the Securities Exchange Act of 1934, as it may be amended or supplemented
from time to time, and any successor statute thereto, and the rules, regulations and published interpretations of the Commission promulgated thereunder from time to time. 
  
 “Special Record Date” means a date fixed by the Indenture Trustee pursuant to Section 2.09 for
the payment of any Defaulted Interest on any Note. 
  
 “Specified Currency” means the currency in which the Notes are denominated (or, if such currency is no longer legal tender for the payment of public and private debts in the country issuing such currency or, in the case of
the Euro, in the member states of the European Union that have adopted the single currency in accordance with the treaty establishing the European Community, as amended by the treaty on European Union, such currency which is then such legal tender).

  
 “Standard Indenture Terms” means these
Standard Indenture Terms, dated as of December 8, 2005. 
  
 “Standard Trust Terms” means those certain Standard Trust Terms, dated as of December 8, 2005, which will be incorporated by reference in the Trust Agreement, between the Trustee and the Trust Beneficial Owner. 

 
 “Stated Maturity Date” means the date specified in the
Notes, as the fixed date on which the principal of such Notes is due and payable, which date will be a day between nine months and thirty years from the date of original issuance of the Notes and be on the last scheduled Interest Payment Date.

  
 “Sterling” means such coin or currency of the
United Kingdom as at the time shall be legal tender for the payment of public or private debts. 
  
 “TARGET System” means the Trans-European Automated Real-Time Gross Settlement Express Transfer System. 
  
 “Transfer Agent” means, unless otherwise specified in the
Indenture or a supplemental indenture, the Indenture Trustee, in its capacity as transfer agent under the Indenture or its successors or assigns. 
  
 “Treasury Regulations” means the regulations promulgated by the United States Treasury Department pursuant to the Code. 
  

 10 

 “Trust” means the Genworth Global Funding Trust named in the Pricing Instrument, which
shall be a trust, formed under the laws of the jurisdiction specified in the Trust Agreement, together with its permitted successors and assigns; provided, however, unless the context requires otherwise, all references in the Indenture to the
“Trust” shall also include the Trustee, on behalf of the Trust. 
  
 “Trust Agreement” means that certain Trust Agreement, contained in, and dated as of the date specified in, the Pricing Instrument, by and between the Trustee and the Trust Beneficial Owner, declaring
and establishing the Trust, as may be amended, modified or supplemented from time to time. 
  
 “Trust Beneficial Interest” has the meaning set forth in the Trust Agreement. 
  
 “Trust Beneficial Owner” means the beneficial owner of the Trust Beneficial Interest. 
  
 “Trust Certificate” means a certificate signed by one or
more Responsible Officers of the Trustee on behalf of the Trust and delivered to the Indenture Trustee. 
  
 “Trust Indenture Act” means the Trust Indenture Act of 1939, as it may be amended or supplemented from time to time, and any successor
statute thereto, and the rules, regulations and published interpretations of the Commission promulgated thereunder from time to time. 
  
 “Trust Order” or “Trust Request” means a written statement, request or order of the Trust signed in its name by one or
more Responsible Officers of the Trustee and delivered to the Indenture Trustee. 
  
 “Trustee” means, unless otherwise specified in the Trust Agreement, The Bank of New York, not in its individual capacity, but solely as the Trustee under the Trust Agreement, and shall also include
its permitted successors and assigns under the Trust Agreement. 
  
 “UCC” means the Uniform Commercial Code, as from time to time in effect in the State of New York; provided that, with respect to the perfection, effect of perfection or non-perfection, or priority of any security
interest in the Collateral, “UCC” shall mean the Uniform Commercial Code, as from time to time in effect in the applicable jurisdiction whose law governs such perfection, non-perfection or priority. 
  
 “United States” means the United States of America
(including the States and the District of Columbia), its territories, its possessions and other areas subject to its jurisdiction. 
  
 SECTION 1.02. Compliance Certificates and Opinions. Upon any application or request by the Trust to the Indenture Trustee to take any action under
any provision of the Indenture, the Trust shall furnish to the Indenture Trustee a Trust Certificate stating that all conditions precedent, if any, provided for in the Indenture relating to the proposed action have been complied with and an Opinion
of Counsel stating that, in the opinion of such counsel, all such conditions precedent, if any, have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is specifically required
by any provision of the Indenture, no additional certificate or opinion need be furnished. 
  

 11 

 SECTION 1.03. Form of Documents Delivered to Indenture Trustee. 
  
 (a) In any case where several matters are required to be certified by, or
covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may
certify or give an opinion with respect to some matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. 
  
 (b) Any certificate or opinion of the Trust may be based, insofar as it
relates to legal matters, upon a certificate or opinion of, or representations by, counsel, unless the Trustee knows that the certificate or opinion or representations with respect to the matters upon which its certificate or opinion is based are
erroneous. Any such certificate or opinion or any Opinion of Counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, the Trustee stating that the information with respect to such
factual matters is in the possession of the Trustee, unless such counsel knows that the certificate or opinion or representations with respect to such matters are erroneous. Any Opinion of Counsel may be based on the written opinion of other
counsel, in which event such Opinion of Counsel shall be accompanied by a copy of such other counsel’s opinion and shall include a statement to the effect that such counsel believes that such counsel and the Indenture Trustee may reasonably
rely upon the opinion of such other counsel. Any certificate or opinion of the Trust or of counsel may be based, insofar as it relates to accounting matters, upon a certificate or opinion of or representations by an accountant or firm of accountants
in the employ of GELAAC or the Trust, unless the Trustee knows that the certificate or opinion or representations with respect to the accounting matters upon which its certificate or opinion is based are erroneous. 
  
 (c) Where any Person is required to make, give or execute two or more
applications, requests, consents, certificates, statements, opinions or other instruments under the Indenture, they may, but need not, be consolidated and form one instrument. 
  
 (d) Wherever in the Indenture, in connection with any application or certificate or report to the Indenture Trustee, it is
provided that the Trust shall deliver any document as a condition of the granting of such application, or as evidence of compliance with any term of the Indenture, it is intended that the truth and accuracy, at the time of the granting of such
application or at the effective date of such certificate or report (as the case may be), of the facts and opinions stated in such document shall in such case be conditions precedent to the right of the Trust to have such application granted or to
the sufficiency of such certificate or report. The foregoing shall not, however, be construed to limit the Indenture Trustee’s right to rely upon the truth and accuracy of any statement or opinion contained in any such document as provided in
Section 7.01. 
  
 (e) Every certificate or opinion
with respect to compliance with a condition or covenant provided for in the Indenture (including one furnished pursuant to specific requirements of the Indenture relating to a particular application or request) shall substantially include:

  
 (i) a statement that each individual signing
such certificate or opinion has read such covenant or condition and the definitions in the Indenture relating thereto; 
  

 12 

 (ii) a brief statement as to the nature and scope of the examination or investigation
upon which the statements or opinions contained in such certificate or opinion are based; 
  
 (iii) a statement that, in the opinion of each such individual, he or she has made such examination or investigation as is necessary to
enable him or her to express an informed opinion as to whether or not such covenant or condition has been complied with; and 
  
 (iv) a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 
  
 SECTION 1.04. Acts of Holders. 
  
 (a) Any request, demand, authorization, direction, notice, consent, waiver
or other action provided by the Indenture to be given or taken by any Holder may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holder in person or by one or more agents duly appointed in
writing. Any request, demand, authorization, direction, notice, consent, waiver or other action provided by the Indenture to be given or taken by Holders may, alternatively, be embodied in and evidenced by the record of Holders of Notes voting in
favor thereof, either in person or by proxies duly appointed in writing, at any meeting of Holders of Notes duly called and held in accordance with the provisions of Article 10, or a combination of such instruments and any such record. Except
as otherwise expressly provided in the Indenture, such action shall become effective when such instrument or instruments or record or both are delivered to the Indenture Trustee. Such instrument or instruments and any such record (and the action
embodied therein and evidenced thereby) are sometimes referred to in the Indenture as the “Act” of the Holders signing such instrument or instruments or so voting at any meeting. Proof of execution of any such instrument or of
writing appointing any such agent, or of the holding by any Person of a Note, shall be sufficient for any purpose of the Indenture and (subject to Section 7.01) conclusive in favor of the Indenture Trustee, and the Trust, if made in the
manner provided in this Section 1.04. The record of any meeting of Holders of Notes shall be proved in the manner provided in Section 10.06. Without limiting the generality of this Section 1.04, unless otherwise
provided in or pursuant to the Indenture, a Clearing System that is or whose nominee is a Holder of a Global Note may allow its Participants who have beneficial interests in such Global Note credited to accounts with such Clearing System to direct
such Clearing System in taking such action through such Clearing System’s standing instructions and customary practices. The Clearing System shall report only one result of its solicitation of proxies to the Indenture Trustee. 
  
 (b) Subject to Section 7.01, the execution by any Person of any
such instrument or writing may be proved by the affidavit of a witness of such execution or by the certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such
instrument or writing acknowledged to him or 
  

 13 

 her the execution thereof. Whenever such execution is by a signer acting in a capacity other than his or her individual
capacity, such certificate or affidavit shall also constitute sufficient proof of his or her authority. The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may be proved in any
other manner that the Indenture Trustee deems sufficient. 
  
 (c)
The ownership, principal amount and serial numbers of Notes held by any Person, and the date of the commencement and the date of the termination of holding the same, shall be proved by the Register. 
  
 (d) Any request, demand, authorization, direction, notice, consent, waiver or
other Act of the Holder of any Note shall bind every future Holder of the same Note and the Holder of every Note issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or
suffered to be done by the Indenture Trustee or the Trust in reliance thereon, whether or not notation of such action is made upon such Note. 
  
 (e) Except as provided in Section 1.04(f), if the Trust shall solicit from the Holders of Notes any Act referred to in
Section 1.04(a), the Trust may, at its option, fix in advance a record date for the determination of Holders entitled to vote or consent in connection with any such Act, but the Trust shall have no obligation to do so. If such record
date is fixed, such Act may be given after such record date, but only the Holders of record at the close of business on such record date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of
Outstanding Notes have authorized or agreed or consented to such Act, and for that purpose the Outstanding Notes shall be computed as of such record date; provided, that no such Act by Holders on such record date shall be deemed effective
unless it shall become effective pursuant to the provisions of the Indenture not later than six months after the record date. Nothing in this Section 1.04(e) shall be construed to render ineffective any action taken by Holders of the
requisite principal amount of Outstanding Notes on the date such action is taken. Promptly after any record date is set pursuant to this Section 1.04(e), the Trust shall cause notice of such record date and the proposed action by Holders
to be given to the Indenture Trustee in writing and to each Holder of the Notes in the manner set forth in Section 1.06. 
  
 (f) The Indenture Trustee may set any day as a record date for the purpose of determining the Holders entitled to join in the giving or making of
(i) any notice delivered pursuant to Section 6.01(d), (ii) any declaration of acceleration referred to in Section 6.02, (iii) any request to institute proceedings referred to in Section 6.07(b), or
(iv) any direction referred to in Section 6.12. If such a record date is fixed pursuant to this Section 1.04(f), the relevant action may be taken or given after such record date, but only the Holders of record at the
close of business on such record date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of Outstanding Notes have authorized or agreed or consented to such action, and for that purpose the
Outstanding Notes shall be computed as of such record date; provided, that no such action by Holders on such record date shall be deemed effective unless it shall become effective pursuant to the provisions of the Indenture not later than six
months after the record date. Nothing in this Section 1.04(f) shall be construed to prevent the Indenture Trustee from setting a new record date for any action for which a record date has previously been set pursuant to this
Section 1.04(f) (whereupon the record date 
  

 14 

 previously set shall automatically and with no action by any Person be cancelled and of no effect), and nothing in this
Section 1.04(f) shall be construed to render ineffective any action taken by Holders of the requisite principal amount of Outstanding Notes on the date such action is taken. Promptly after any record date is set pursuant to this
Section 1.04(f), the Indenture Trustee shall cause notice of such record date and the proposed action by Holders to be given to the Trust in writing and to each Holder of the Notes in the manner set forth in Section 1.06.

  
 SECTION 1.05. Notices. Any request, demand,
authorization, direction, notice, consent, waiver or other action required or permitted by the Indenture to be made upon, given or furnished to, or filed with, the Indenture Trustee, the Registrar, the Transfer Agent, the Paying Agent, the
Calculation Agent, the Trust and the Rating Agencies shall be sufficient for every purpose under the Indenture (unless otherwise expressly provided in the Indenture) if in writing and sent by facsimile transmission or mailed, first-class mail or
overnight courier, in each case postage prepaid, at the address specified in this Section 1.05 or at any other address previously furnished in writing by one party to the other. Notices to the Indenture Trustee and to the Trust shall be
effective upon receipt. 
  
 Such notices shall be addressed

  
 if to the Indenture Trustee, to: 
  
 JPMorgan Chase Bank, N.A. 
 4 New York Plaza, 15th Floor 
 New York, New York 10004-2413 
 Facsimile: (212) 623-6167 
 Attention: Worldwide Securities Services 
  
 if to the Registrar, Transfer Agent, Paying Agent and Calculation Agent, to:

  
 JPMorgan Chase Bank, N.A. 
 4 New York Plaza, 15th Floor 
 New York, New York 10004-2413 
 Facsimile: (212) 623-6167 
 Attention: Worldwide Securities Services 
  
 if to the Trustee, to: 
  
 The Bank of New York 
 101 Barclay Street, Floor 8E 
 New York, New
York 10286 
 Facsimile: (212) 815-2850 
 Attention: Corporate Trust Division, Dealing and Trading 
  

 15 

 if to the Trust, to: 
  
 Genworth Global Funding Trust (followed by the number of the Trust designated in the Pricing Instrument) 
 c/o The Bank of New York Trust Company, N.A. 
 2 North LaSalle Street, 7th Floor 
 Chicago, Illinois 60602 
 Telephone:
(312) 827-8574 
 Attention: Corporate Finance 
  

with a copy to: 
  
 The Bank of New York 
 101 Barclay Street,
Floor 8E 
 New York, New York 10286 
 Facsimile: (212) 815-2850 
 Attention: Corporate Trust Division, Dealing and Trading 
  
 if to GELAAC, to: 
  
 GE Life and Annuity Assurance Company 
 6610 West Broad Street 
 Richmond, Virginia
23230 
 Facsimile: (804) 662-7777 
 Attention: Treasurer 
  
 with a copy to: 
  
 GE Life and Annuity Assurance Company 
 6610 West Broad Street 
 Richmond, Virginia
23230 
 Facsimile: (804) 281-6005 
 Attention: Heather Harker, Esq. 
  
 if to the Rating
Agencies, to: 
  
 Standard & Poor’s Ratings
Services, a division of the McGraw-Hill Companies, Inc. 
 55 Water Street, 33rd Floor 
 New York, New York 10041 
 Facsimile:
(212) 438-5215 
 Attention: Capital Markets 
  
 Moody’s Investors Service, Inc. 
 Life
Insurance Group 
 99 Church Street 
 New York, New York 10007 
 Facsimile: (212) 553-4805 
 Attention: Genworth Global Funding Trusts 
  

 16 

 SECTION 1.06. Notice to Holders; Waiver. 
  
 (a) Except as otherwise expressly provided in or pursuant to the Indenture,
notices to Holders required under the Notes shall be sufficiently given upon the mailing by overnight courier or first-class mail (or equivalent), or (if posted to an overseas address) by airmail, postage prepaid, of such notices to each Holder of
the Notes at their registered addresses as recorded in the Register. 
  
 (b) Where the Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers
of notice by Holders shall be filed with the Indenture Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. In any case, neither the failure to give such notice, nor any defect
in any notice to any particular Holder shall affect the sufficiency of such notice with respect to other Holders, and any notice which is mailed in the manner provided in the Indenture shall be conclusively presumed to have been duly given.

  
 (c) In the case by reason of the suspension of regular mail
service or by reason of any other cause it shall be impracticable to give such notice by mail, then such notification as shall be made with the approval of the Indenture Trustee shall constitute a sufficient notification for every purpose under the
Indenture. 
  
 SECTION 1.07. Severability. In case any
provision in or obligation under the Indenture or the Notes shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in
any other jurisdiction, shall not in any way be affected or impaired thereby to the fullest extent permitted under applicable law. 
  
 SECTION 1.08. Successors and Assigns. All covenants, stipulations, promises and agreements in the Indenture by the Trust shall bind its successors
and assigns, whether so expressed or not. 
  
 SECTION 1.09.
Benefits of Indenture. Nothing in the Indenture or in any Note, expressed or implied, shall give to any Person other than the parties under the Indenture, and the Trustee and their respective successors and permitted assigns, and the Holders,
any legal or equitable right, remedy or claim under the Indenture. 
  
 SECTION 1.10. Language of Notices. Any request, demand, authorization, direction, notice, consent, election or waiver required or permitted under the Indenture shall be in the English language, except that, if the Trust so elects,
any published notice may also be in an official language of the country of publication. 
  

 17 

 SECTION 1.11. Governing Law. 
  
 (a) The Indenture and the Notes shall be governed by, and construed in accordance with, the laws of the State of New York
without regard to conflict of law principles (other than Section 5-1401 of the General Obligations Law of the State of New York), except as required by mandatory provisions of law and except to the extent that the validity or perfection of the
Trust’s ownership of the Funding Agreement, the perfection of the Indenture Trustee’s security interest therein, or remedies under the Indenture in respect thereof may be governed by laws of a jurisdiction other than the State of New York.

  
 (b) ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST THE TRUST, THE
ASSETS OF THE TRUST, THE INDENTURE TRUSTEE, REGISTRAR, TRANSFER AGENT OR PAYING AGENT OR ANY OTHER AGENT, ARISING OUT OF OR RELATING TO THE INDENTURE, ANY NOTE OR ANY PORTION OF THE COLLATERAL MAY BE BROUGHT IN A UNITED STATES FEDERAL COURT OF
COMPETENT JURISDICTION LOCATED IN NEW YORK CITY, THE BOROUGH OF MANHATTAN, AND BY EXECUTION AND DELIVERY OF THE INDENTURE EACH OF THE TRUST, THE INDENTURE TRUSTEE, THE REGISTRAR, THE TRANSFER AGENT, THE PAYING AGENT AND ANY OTHER AGENT (IN SUCH
CAPACITIES) ACCEPT (AND WITH RESPECT TO THE TRUST, IN CONNECTION WITH ITS PROPERTY ACCEPTS), GENERALLY AND UNCONDITIONALLY, THE NONEXCLUSIVE JURISDICTION OF THE AFORESAID COURT AND WAIVE ANY DEFENSE OF FORUM NON CONVENIENS (EXCEPT TO THE EXTENT A
UNITED STATES FEDERAL COURT RAISES SUCH ISSUE ON ITS OWN MOTION) AND IRREVOCABLY AGREE TO BE BOUND BY ANY JUDGMENT RENDERED THEREBY IN CONNECTION WITH THE INDENTURE, ANY NOTE OR ANY PORTION OF THE COLLATERAL. 
  
 SECTION 1.12. Waiver of Jury Trial. EACH OF THE PARTIES TO THE
INDENTURE HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THE INDENTURE, THE NOTES OR ANY DEALINGS AMONG THEM RELATING TO THE SUBJECT MATTER OF THIS TRANSACTION. The scope of
this waiver is intended to encompass any and all disputes that may be filed in any court and that relate to the subject matter of this transaction including without limitation contract claims, tort claims, breach of duty claims, and all other common
law and statutory claims. Each party under the Indenture acknowledges that this waiver is a material inducement to enter into a business relationship, that such party has already relied on the waiver in entering into the Indenture, and that such
party will continue to rely on the waiver in its related future dealings. Each party under the Indenture further warrants and represents that it has reviewed this waiver with its legal counsel, and that it knowingly and voluntarily waives its jury
trial rights following consultation with legal counsel. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND THE WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO
THE INDENTURE OR ANY OTHER DOCUMENTS OR AGREEMENTS RELATING TO THE INDENTURE. In the event of litigation, the Indenture may be filed as a written consent to a trial by the court. 
  
 SECTION 1.13. Counterparts. The Indenture and any amendments, waivers, consents or supplements to the Indenture may
be executed in any number of counterparts, and by different 
  

 18 

 parties to the Indenture in separate counterparts, and each of which when so executed and delivered shall be deemed an
original, but all such counterparts together shall constitute but one and the same instrument. The Indenture shall become effective upon the execution of a counterpart of the Indenture by each of the parties to the Indenture. 
  
 SECTION 1.14. Third Party Beneficiaries. The Indenture will inure to
the benefit of and be binding upon the parties to the Indenture, and the Trustee and their respective successors and permitted assigns, and the Holders. 
  
 SECTION 1.15. Conflict with Trust Indenture Act. If any provision of the Indenture limits, qualifies or conflicts with any duties imposed by any of
Sections 310 to 317, inclusive, of the Trust Indenture Act through operation of Section 318(c) thereof, such imposed duties shall control. 
  
 ARTICLE 2 
 THE
NOTES 
  
 SECTION 2.01. Forms Generally.

  
 (a) The Notes constitute direct, unconditional,
unsubordinated and secured non-recourse obligations of the Trust and rank equally among themselves. The Notes shall be in substantially the forms set forth in Exhibit A-1, Exhibit A-2 and Exhibit A-3 attached to these Standard
Indenture Terms, as applicable, in each case with such appropriate insertions, omissions, substitutions and other variations as are required by the Indenture or as may in the Trust’s judgment be necessary, appropriate or convenient to permit
such Notes to be issued and sold, or to comply, or facilitate compliance, with applicable laws, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the
rules of any securities exchange on which such Notes may be listed, or as may, consistently with the Indenture, be determined by the Trustee (based conclusively on the advice of counsel) as evidenced by its execution thereof. Any portion of the text
of any Note may be set forth on the reverse thereof with an appropriate reference on the face of the Note. 
  
 (b) The terms and provisions contained in the Notes shall constitute, and are hereby expressly made a part of the Indenture, and, to the extent
applicable, the Indenture Trustee, by its execution and delivery of the Indenture, and the Trust by its execution and delivery of the Indenture, expressly agree to such terms and provisions and to be bound thereby. 
  
 (c) Except as described in this Section 2.01(c), no Global Note
evidencing any of the Notes and deposited with or on behalf of any Clearing System shall be exchangeable for Definitive Notes. Subject to the foregoing sentence, if (i) such Clearing System notifies GELAAC that it is unwilling or unable to
continue as Depositary or GELAAC becomes aware that the Clearing System has ceased to be a clearing agency registered under the Securities Exchange Act and in any such case GELAAC fails to appoint a successor depositary within sixty
(60) calendar days after receiving the notice from such Clearing System or becoming aware that such Clearing System is no longer registered under the Securities Exchange Act, (ii) an Event of Default shall have occurred and is continuing
with respect to the Notes and the Notes shall have 
  

 19 

 been accelerated in accordance with their terms or (iii) the Trust shall have decided in its sole discretion, and
subject to the procedures of the Depositary, that the Notes should no longer be evidenced solely by one or more Global Notes, then, pursuant to written instructions by GELAAC to the Indenture Trustee (in the case of clause (i)), or upon written
request of the Holder (or Participant in such Clearing System with an interest in the Notes) (in the case of clause (ii)), or pursuant to written instructions by the Trust to the Indenture Trustee and Clearing System (in the case of clause (iii)):

  

	 	(A)	with respect to each Global Note evidencing such Notes, the Trust shall execute, and the Indenture Trustee shall authenticate and deliver, Definitive Notes in authorized
denominations in exchange for the Global Note, in an aggregate principal amount equal to the Outstanding principal amount of the related Global Note. Upon the exchange of the Global Note for the Definitive Notes, such Global Note shall be cancelled
by the Registrar. Definitive Notes issued in exchange for a Global Note pursuant to this Section 2.01(c) shall be registered in the Register in such names and in such denominations as the Clearing System for such Global Note, pursuant to
the instructions from its direct or indirect Participants or otherwise, shall instruct the Indenture Trustee, serving as custodian, on behalf of the nominee of the Depositary, of the Global Note. The Indenture Trustee shall immediately provide the
information to the Registrar. Immediately after the authentication of the Definitive Notes by the Indenture Trustee, the Indenture Trustee shall deliver such Definitive Notes to the Holders of such Notes; 

  

	 	(B)	if Definitive Notes are issued in exchange for any portion of a Global Note after the close of business at the Office or Agency for such Note where such exchange occurs on
(1) any Regular Record Date for such Notes and before the opening of business at such Office or Agency on the next Interest Payment Date, or (2) any Special Record Date for such Notes and before the opening of business at such Office or
Agency on the related proposed date for payment of interest or Defaulted Interest, as the case may be, interest shall not be payable on such Interest Payment Date or proposed date for payment, as the case may be, in respect of such Definitive Notes,
but shall be payable on such Interest Payment Date or proposed date for payment, as the case may be, only to the Person to whom interest in respect of such portion of such Global Note shall be payable in accordance with the provisions of the
Indenture; and 

  

	 	(C)	if for any reason Definitive Notes are not issued, authenticated and delivered to the Holders in accordance with paragraph (A) of this Section 2.01(c), then:

  
 (1) the Clearing System or its
successors may provide to each of its Participants a statement of such Participant’s interest in the Notes evidenced by each Global Note held by such Clearing System or its successors, together with a copy of such Global Note; and 

 
 (2) subject to the limitations on individual Holder
action contained in the Notes or the Indenture, each such Participant or its 
  

 20 

 successors and assigns (x) shall have a claim, directly against the Trust, for the payment of any
amount due or to become due in respect of such Participant’s interest in the Notes evidenced by such Global Note, and shall be empowered to bring any claim, to the extent of such Participant’s interest in the Notes evidenced by such Global
Note and to the exclusion of such Clearing System or its successors, that as a matter of law could be brought by the Holder of such Global Note and the Person in whose name the Notes are registered and (y) may, without the consent and to the
exclusion of such Clearing System or its successors, file any claim, take any action or institute any proceeding, directly against the Trust, to compel the payment of such amount or enforce any such rights, as fully as though the interest of such
Participant in the Notes evidenced by such Global Note were evidenced by a Definitive Note in such Participant’s actual possession and as if an amount of Notes equal to such Participant’s stated interest were registered in such
Participant’s name and without the need to produce such Global Note in its original form. 
  
 Notwithstanding anything in this paragraph (C) to the contrary, the Indenture Trustee shall not be required to recognize any Participant or any of
its successors and assigns referred to in said paragraph as a Holder for any purpose of the Indenture or the Notes and shall be entitled to treat the Person in whose name the Global Note is registered as a Holder for all purposes of the Indenture
and the Notes if and until Definitive Notes are issued to and registered in the names of such Participants or their successors and assigns. 
  
 The account records of any Clearing System or its successor shall, in the absence of manifest error, be conclusive evidence of the identity of each Participant that has
any interest in the Notes evidenced by the Global Note held by such Clearing System or its successor and the amount of such interest. Definitive Notes shall be issued only in denominations as specified in the Pricing Supplement. 
  
 (d) Subject to the other provisions of the Indenture, if any Global Note is
exchanged for Definitive Notes, then: 
  
 (i) the
Trust, the Indenture Trustee and any Paying Agent will have the right to treat each Holder of Definitive Notes as the Person exclusively entitled to receive interest and other payments or property in respect of or in exchange for the Notes, and
otherwise to exercise all the rights and powers with respect to any Note (subject to the record date provisions of the Indenture and of the Notes); and 
  
 (ii) the obligation of the Trust to make payments of principal, premium, if any, interest and other amounts with respect to the Notes
shall be discharged at the time payment in the appropriate amount is made in accordance with the Indenture to each Holder. 
  

 21 

 SECTION 2.02. No Limitation on Aggregate Principal Amount of Notes. The aggregate principal amount
of Notes which may be authenticated and delivered under the Indenture is unlimited; provided, that the initial principal amount of the Notes shall be set forth in the Pricing Supplement. Unless otherwise specified in the applicable Pricing
Supplement, the Notes shall be issued in denominations of $1,000 and any larger amount that is a multiple of $1,000; the authorized denominations of Notes that have a Specified Currency other than U.S. Dollars will be the appropriate equivalent in
such Specified Currency. The specific terms and conditions of the Notes shall be set out in a Pricing Supplement and, if applicable, a supplemental indenture entered into pursuant to Section 8.01(e). 
  
 SECTION 2.03. Listing. If specified in the Pricing Supplement, the
Notes will be listed on the securities exchange set forth in such Pricing Supplement. 
  
 SECTION 2.04. Redemption and Repayment. 
  
 (a) Except as otherwise provided in the Pricing Supplement, a supplemental indenture and the Notes or in Section 6.02, the Trust will redeem the Notes only if GELAAC redeems the Funding Agreement securing
such Notes in an amount equal to the amount of the related Notes to be redeemed in accordance with the terms of the Indenture and the Notes, and the Trust will not redeem the Notes if GELAAC does not redeem the Funding Agreement securing such Notes
in an amount equal to the amount of the Notes to be redeemed in accordance with the Indenture and the Notes. Unless otherwise specified in the Pricing Supplement and a supplemental indenture or the Notes, the Trust may not redeem the Notes after the
date that is thirty (30) calendar days prior to the Stated Maturity Date. 
  
 (b) If, but only if, specified in the Pricing Supplement and a supplemental indenture or the Notes, such Notes will be repayable at the option of the Holders thereof in accordance with the repayment provisions
included in the Pricing Supplement and supplemental indenture or the Notes. 
  
 (c) In connection with the redemption by the Trust of the Notes under Section 2.04(a), upon receipt by the Trust of notice of redemption of the Funding Agreement from GELAAC, which notice from GELAAC shall
be given at such time as shall enable the Trust to provide the Indenture Trustee with the notice contemplated by Section 2.04(f) and shall specify the redemption date for the Notes, the Trust will promptly give written notice of such
redemption to the Indenture Trustee and the Indenture Trustee will give written notice to the Holders in accordance with Section 1.06 not less than thirty (30) calendar days and no more than sixty (60) calendar days prior to
the date set for such redemption. All notices of redemption shall identify the Notes to be redeemed (including the CUSIP numbers) and shall state: 
  
 (i) the redemption date; 
  
 (ii) the Redemption Price or, if not then ascertainable, the manner of calculation thereof; 
  
 (iii) that on the redemption date the Redemption Price will
become due and payable on the Notes to be redeemed and that interest thereon will cease to accrue on and after said date; and 
  
 (iv) the place or places where the Notes to be redeemed are to be surrendered for payment of the Redemption Price. 
  

 22 

 (d) Not later than 11:00 a.m. New York City time on the redemption date, the Trust shall deposit with the
Paying Agent an amount of money sufficient to pay the Redemption Price of and accrued and unpaid interest on all Notes which are to be redeemed on that date to the extent that funds are available to the Trust. 
  
 (e) Upon notice of redemption having been given to the Holders pursuant to
Section 2.04(c), the Notes to be so redeemed shall, on the redemption date, become due and payable at the Redemption Price therein specified, and from and after such date (unless the Trust shall default in the payment of the Redemption
Price and accrued interest, if any) such Notes shall cease to bear or accrue any interest. Upon surrender of the Notes for redemption in accordance with said notice, such Notes shall be paid by the Trust at the Redemption Price, together with any
accrued but unpaid interest to but not including the redemption date. 
  
 (f) In case of any redemption by the Trust, the Trust shall, at least forty-five (45) calendar days prior to the redemption date (unless a shorter notice shall be satisfactory to the Indenture Trustee), notify the Indenture Trustee of
such redemption date, and of the principal amount of Notes to be redeemed. In the case of any redemption of Notes (i) prior to the expiration of any restriction on such redemption provided in the terms of such Notes or elsewhere in the
Indenture, or (ii) pursuant to an election of the Trust which is subject to a condition specified in the terms of such Notes or elsewhere in the Indenture, the Trust shall furnish the Indenture Trustee with a Trust Certificate evidencing
compliance with such restriction or condition. 
  
 (g) If less
than all of the Notes are to be redeemed (unless such redemption affects only a single Note), the particular Notes to be redeemed shall be selected not more than sixty (60) calendar days prior to the redemption date by the Indenture Trustee,
from the Outstanding Notes not previously called for redemption, by such method as the Indenture Trustee shall deem fair and appropriate and which may provide for the selection for redemption of a portion of the principal amount of any Note;
provided that the unredeemed portion of the principal amount of any Note shall be in an authorized denomination (which shall not be less than the minimum authorized denomination) for such Note; provided further, that if at the time of
redemption such Notes are registered as Global Notes, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes to be redeemed from each of the Depositary’s Participants. 
  
 The Indenture Trustee shall promptly notify the Trust in writing of the Notes
selected for redemption as aforesaid and, in the case of any Notes selected for partial redemption as aforesaid, the principal amount thereof to be redeemed. 
  
 For all purposes of the Indenture, unless the context otherwise requires, all provisions relating to the redemption of Notes shall relate, in the case of
any Notes redeemed or to be redeemed only in part, to the portion of the principal amount of such Notes which has been or is to be redeemed. 
  

 23 

 (h) Any Note which is to be redeemed only in part shall be surrendered at a Place of Payment therefor
(with, if the Trust or the Indenture Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Trust and the Indenture Trustee duly executed by, the Holder thereof or its attorney-in-fact duly
authorized in writing), and the Trust shall execute, and the Indenture Trustee shall authenticate and deliver to the Holder of such Note without service charge, a new Note or Notes, of any authorized denomination as requested by such Holder, in
aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Note so surrendered. 
  
 (i) The Notes will not be subject to, or entitled to the benefit of, any sinking fund or repayment at the option of the Holders, unless otherwise
specified in the Pricing Supplement and a supplemental indenture or the Notes. 
  
 SECTION 2.05. Execution, Authentication and Delivery Generally. 
  
 (a) Upon the execution of the Terms Agreement (as defined in the Distribution Agreement) relating to the purchase and sale of the Notes pursuant to the
Distribution Agreement (if the Relevant Agents agree to purchase the Notes on a principal basis), the acceptance of an offer to purchase Notes solicited by the Relevant Agents on an agency basis, or the acceptance of a direct offer of Notes for sale
by the Trust, the Trust shall (unless otherwise agreed by the parties), not later than 12:00 p.m. New York City time on the second Business Day following the date of GELAAC’s acceptance of the offer for the purchase of Notes (provided,
that, with respect to Notes to be issued under the Genworth DirectNotesSM program, the Trust shall make a reasonable
effort to meet the following obligations within one Business Day following the date of GELAAC’s acceptance of the offer for the purchase of the Notes): 
  
 (i) confirm by fax to the Indenture Trustee, the Paying Agent and the Registrar, all such information as the Indenture Trustee, the Paying
Agent or the Registrar may reasonably require to carry out their respective functions under the Indenture, including, in particular, the settlement and payment procedures that will apply to the Notes and, if applicable, the account of the Trust to
which payment should be made; 
  
 (ii) deliver a
copy of the Pricing Supplement in relation to the Notes to the Indenture Trustee, the Paying Agent and the Registrar; and 
  
 (iii) unless a Global Note is to be used and the Trust shall have provided such Global Note to the Registrar pursuant to
Section 2.05(c), ensure that there is delivered to the Registrar a stock of Definitive Notes (in unauthenticated form and with the names of the registered Holders left blank but duly executed on behalf of the Trust and otherwise
complete) in relation to the Notes; 
  
 (b) The Trust will deliver
to the Custodian (holding on behalf of the Indenture Trustee) on the Original Issue Date for the Notes a duly executed original of the Funding Agreement and Trust Agreement (unless previously delivered) and all documentation relating to the
foregoing for the Notes. 
  

 24 

 (c) The Trust may, at its option, and shall, at the request of the Registrar, deliver from time to time
to the Registrar a stock of Global Notes (in unauthenticated form but duly executed on behalf of the Trust). 
  
 (d) Reserved. 
  
 (e) Having received from the Trust the documents referred to in Section 2.05(a), (b) and (c) (to the extent applicable) and a Trust
Order for the authentication and delivery of the Notes, on or before 10:00 a.m. New York City time on the Original Issue Date in relation to the Notes (unless otherwise agreed by the parties), the Indenture Trustee shall authenticate and deliver the
relevant Global Note to the relevant custodian for DTC and/or any other relevant Clearing System or otherwise in accordance with such Clearing System’s procedures. The Indenture Trustee shall give instructions to DTC and/or any other relevant
Clearing System to credit Notes represented by a Global Note registered in the name of a nominee for such Clearing System, to the Indenture Trustee’s distribution account and to hold each such Note to the order of the Trust pending delivery to
the Relevant Agent(s) on a delivery against payment basis (or on such other basis as shall have been agreed between the Trust and the Relevant Agent(s) and which the Indenture Trustee has been notified) in accordance with the normal procedures of
DTC or such other Clearing System, as the case may be and, following payment (unless otherwise agreed), to debit the Notes represented by such Global Note to such securities account(s) as shall have been notified in writing to the Indenture Trustee
by the Trust. The Indenture Trustee shall on the Original Issue Date in respect of the Notes, and upon receipt of funds from the Relevant Agent(s), transfer, or cause to be transferred, the proceeds of issue (net of any applicable commissions, fees
or like amounts specified in writing by GELAAC) to or as directed by GELAAC on behalf of the Trust to satisfy the deposit requirement pursuant to the Funding Agreement (as specified by GELAAC in such direction). 
  
 If no such securities account(s) shall have been specified, or the Notes are
not intended to be cleared through any Clearing System, the Indenture Trustee shall authenticate and make available at its specified office on the Original Issue Date in respect of the Notes the relevant Global Note or the relevant Definitive Notes,
as the case may be, duly executed and made available to the Indenture Trustee by the Trust. 
  
 (f) If the Indenture Trustee should pay an amount (an “Advance”) to the Trust in the belief that a payment has been or will be received from the Relevant Agent(s), and if such payment is not received
by the Indenture Trustee on the date that the Indenture Trustee pays the Trust, the Trust shall forthwith repay the Advance (unless prior to such repayment the payment is received from the Relevant Agents) and shall pay interest on such amount which
shall accrue (after as well as before judgment) on the basis of a year of 360 days (365 days (366 days in the case of a leap year) in the case of an Advance paid in Sterling) and the actual number of days elapsed from the date of payment of such
Advance until the earlier of (i) repayment of the Advance, or (ii) receipt by the Indenture Trustee of the payment from the Relevant Agent(s), and at the rate per annum which is the aggregate of one percent per annum and the rate
determined and certified by the Indenture Trustee and expressed as a rate per annum as reflecting its cost of funds for the time being in relation to the unpaid amount. 
  

 25 

 (g) The Notes shall be executed on behalf of the Trust by a Responsible Officer of the Trustee. The
signature of any of these officers on the Notes may be manual or facsimile. 
  
 Notes bearing the manual or facsimile signatures of individuals who were at any time Responsible Officers of the Trustee shall bind the Trust, notwithstanding that any such individuals have ceased to hold such offices
prior to the authentication and delivery of such Notes or did not hold such offices at the date of such Notes. 
  
 Each Note shall be dated the date of its authentication. 
  
 No Note shall be entitled to any benefit under the Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of
authentication substantially in the form provided for in the Indenture executed by the Indenture Trustee by manual signature of an authorized officer, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such
Note has been duly authenticated and delivered under the Indenture. 
  
 The Indenture Trustee’s certificate of authentication shall be in substantially the following form: 
  
 This is one of the Notes of the Genworth Global Funding Trust specified on the face of this Note referred to in the within-mentioned Indenture.

  

			
	JPMorgan Chase Bank, N.A.,
	as Indenture Trustee
		
	By:	 	  

	 	 	Authorized Officer

  
 Notes bearing
the manual signatures of individuals who were at any time authorized officers of the Indenture Trustee shall bind the Trust, notwithstanding that any such individuals have ceased to hold such offices prior to the delivery of such Notes or did not
hold such offices at the date of such Notes. 
  
 In authenticating
Notes under the Indenture, the Indenture Trustee shall be entitled to conclusively assume that any Note authenticated by it has been duly executed on behalf of, and is a legal, valid, binding and enforceable obligation of, the Trust and is entitled
to the benefits of the Indenture, and that the Trust Agreement and the Funding Agreement have been duly executed by, and are the legal, valid, binding and enforceable obligations of, the parties thereto. 
  
 (h) The Trust undertakes to promptly notify the Paying Agent, the Registrar
and, if different, the Indenture Trustee, in writing, of any changes in the identity of the agents appointed generally in respect of the Program. 
  

 26 

 SECTION 2.06. Registration. All Notes shall be registered and may be represented either as Global
Notes or Definitive Notes. Unless otherwise specified in the Pricing Supplement, Global Notes will be registered in the name of a nominee for, and deposited with, a custodian for DTC. The Registrar shall maintain a register for the Notes (the
“Register”) in which, subject to such reasonable regulations as it may prescribe, the Registrar shall provide for the registration of the Notes and registration of transfer of the Notes. The Register shall be in written form in
English or in any other form capable of being converted into such form within a reasonable time. Unless otherwise specified in the Indenture, the Indenture Trustee is hereby initially appointed as the Registrar. In the event that the Indenture
Trustee shall not be the Registrar, it shall have the right to examine the Register at all reasonable times. Subject to the definition of “Outstanding” in Section 1.01 and subject to Sections 7.08 and 7.11 as well as
Rule 3a-7 of the Investment Company Act, the Trust, the Indenture Trustee, the Registrar or the Paying Agent or any other Agent may become the owner or pledgee of Notes and may deal with such Notes with the same rights of any other Holder of such
Notes. 
  
 SECTION 2.07. Transfer. 
  
 (a) Subject to Section 2.01(c) and (d), (A) upon surrender
for registration of transfer of any Note in accordance with its terms, the Trustee, on behalf of the Trust, shall execute, and the Indenture Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more
new Notes denominated as authorized in or pursuant to the Indenture, of a like aggregate principal amount bearing a number not contemporaneously outstanding and containing identical terms and provisions, and (B) at the option of the Holder,
Notes may be exchanged, in accordance with their terms, for other Notes containing identical terms and provisions, in any authorized denominations, and of a like aggregate principal amount, upon surrender of the Notes to be exchanged at the Office
or Agency of the Indenture Trustee. Whenever any Notes are surrendered for exchange as contemplated by this Section 2.07(a), the Trust shall execute, and the Indenture Trustee shall authenticate and deliver, the Notes which the Holder
making the exchange is entitled to receive. Definitive Notes shall not be exchanged for Global Notes. Beneficial interests in Global Notes may be transferred or exchanged only through the Depositary. No Global Note may be transferred except as a
whole by a nominee of the Depositary to the Depositary or to another nominee of the Depositary, or by the Depositary or another nominee of the Depositary to a successor of the Depositary or a nominee of a successor to the Depositary. With respect to
any Global Note, the Depositary or its nominee is the Holder of such Global Note for the purposes of the Indenture. Except as set forth in Section 2.01(c), the beneficial owners of any Global Note will not be entitled to receive
Definitive Notes and shall not be considered “Holders” under the Indenture. 
  
 (b) All Notes issued upon a registration of transfer or exchange of Notes shall be the valid obligations of the Trust evidencing the same debt and entitling the Holders thereof to the same benefits under the Indenture
as the Notes surrendered upon such registration of transfer or exchange. 
  
 (c) No service charge shall be made for any registration of transfer or exchange of Notes, but the Indenture Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be
imposed in connection with any registration of transfer or exchange of Notes (other than certain exchanges not involving any transfer). 
  

 27 

 (d) Every Note presented or surrendered for registration of transfer or for exchange shall (if so
required by the Trust or the Indenture Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in a form satisfactory to the Trust and the Indenture Trustee duly executed, by the Holder thereof or his attorney duly
authorized in writing. 
  
 SECTION 2.08. Mutilated, Destroyed,
Lost and Stolen Notes. 
  
 (a) If (i) any mutilated Note
is surrendered to the Indenture Trustee directly or through any Paying Agent, or (ii) in the case of an allegedly destroyed, lost or stolen Note, the Indenture Trustee receives evidence to its satisfaction of the destruction, loss or theft of
the Note and there is delivered to the Indenture Trustee, the Registrar and the Trust such security or indemnity as may be required by the Indenture Trustee, the Registrar and the Trust to save the Indenture Trustee, the Registrar and the Trust
harmless, then in either case the Trust shall execute and the Indenture Trustee shall authenticate and deliver, in exchange for or in lieu of such mutilated, destroyed, lost or stolen Note, a new Note, of the same maturity, tenor and principal
amount as such mutilated, destroyed, lost or stolen Note, bearing a number not contemporaneously outstanding; provided, however, that if any such mutilated, destroyed, lost or stolen Note shall have become or shall be about to become due and
payable, instead of issuing a new Note, the Trust may pay such Note without surrender of such Note, except that any mutilated Note shall be surrendered. 
  
 (b) Upon the issuance of any new Note under this Section 2.08, the Indenture Trustee or the Trust may require the payment of a sum sufficient
to cover any tax or other governmental charge that may be imposed in relation thereto and any other reasonable expenses (including the fees and expenses of the Indenture Trustee, Registrar or any Paying Agent) in connection therewith. 
  
 (c) Every new Note issued pursuant to this Section 2.08 in lieu
of any destroyed, lost or stolen Note shall constitute a separate obligation of the Trust, whether or not the destroyed, lost or stolen Note shall be at any time enforceable by anyone, and shall be entitled to all the benefits of the Indenture
equally and proportionately with any and all other Notes duly issued under the Indenture. The provisions of this Section 2.08 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the
replacement or payment of mutilated, destroyed, lost or stolen Notes. 
  
 SECTION 2.09. Payment of Interest; Rights To Interest Preserved. 
  
 (a) The Notes shall bear interest at a rate and on terms stated on the Notes. 
  
 (b) Any interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, shall be paid to the Person in
whose name that Note is registered at the close of business on the Regular Record Date for such interest payment (except that interest, if any, on any Note due on the Maturity Date will be paid to the Person to whom the principal of the Note is
paid). 
  
 (c) Any interest on any Note which is payable, but is
not punctually paid or duly provided for, on any Interest Payment Date (in the Indenture called “Defaulted Interest”) shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue 
  

 28 

 of having been such Holder, and such Defaulted Interest shall be paid by the Trust to the Persons in whose names such
Notes (or their respective Predecessor Notes) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Trust shall notify the Indenture Trustee in
writing of the amount of Defaulted Interest proposed to be paid on each Note and the date of the proposed payment. Thereupon the Trust shall fix a date for the payment of such Defaulted Interest which shall be not more than fifteen (15) days
and not less than ten (10) days prior to the date of the proposed payment and not less than ten (10) days after the receipt by the Indenture Trustee of the notice of the proposed payment (the “Special Record Date”). The
Indenture Trustee shall promptly notify the Trust of such Special Record Date and, in the name of the Trust, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be given to each Holder in
accordance with Section 1.06. The Trust may make payment of any Defaulted Interest on the Notes in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which such Notes may be listed, and
upon such notice as may be required by such exchange, if, after notice given by the Trust to the Indenture Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Indenture Trustee. Subject
to the foregoing provisions of this Section 2.10, each Note delivered under the Indenture upon registration of transfer of or in exchange for or in lieu of any other Note shall carry the rights to interest accrued and unpaid, and to
accrue, which were carried by such other Note. 
  
 SECTION 2.10.
Cancellation. All Notes surrendered for payment, registration of transfer or exchange shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly cancelled by it. GELAAC or
any Affiliate thereof shall promptly deliver to the Indenture Trustee for cancellation any Note previously authenticated and delivered under the Indenture that GELAAC or such Affiliate may have acquired in any manner whatsoever, and all Notes so
delivered shall be promptly cancelled by the Indenture Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes cancelled as provided in this Section 2.10, except as expressly permitted by the Indenture. All
cancelled Notes held by the Indenture Trustee shall be disposed of by the Indenture Trustee in accordance with its customary procedures, unless the Trust shall otherwise direct by a Trust Order. 
  
 SECTION 2.11. Persons Deemed Owners. Prior to due presentment for
registration of transfer of any Note, the Trust, the Indenture Trustee, the Registrar, the Paying Agent, any other Agent, and any other agent of the Trust or the Indenture Trustee may treat the Person in whose name any Note is registered as the
absolute and sole owner of such Note for the purpose of receiving payment of the principal, any premium or (subject to Section 2.09) interest on or any Additional Amounts with respect to such Note and for all other purposes whatsoever,
whether or not such Note shall be overdue, and, except as otherwise required by applicable law, none of the Trust, the Indenture Trustee, the Registrar, the Paying Agent, any other Agent, or any other agent of the Trust or the Indenture Trustee
shall be affected by notice to the contrary. 
  
 SECTION 2.12.
Tax Treatment; Tax Returns and Reports. 
  
 (a) The Trust
and the Trust Beneficial Owner agree, and by acceptance of a beneficial interest in a Note, each holder of a beneficial interest in a Note agrees, for U.S. 
  

 29 

 federal, state and local income and franchise tax purposes, to (i) ignore the Trust, and (ii) treat such Note
as debt of GELAAC. The Trust covenants that it shall take no action inconsistent with such treatment (including under Treasury Regulations Section 301.7701-2 or 301.7701-3). To the extent the Trust is not ignored for United States federal,
state and local income or franchise tax purposes, the Trust and Trust Beneficial Owner agree, and by acceptance of a beneficial interest in a Note each holder of a beneficial interest in a Note agrees, to treat (i) the Trust as a “grantor
trust” under Subpart E of Part I of Subchapter J of the Code (or the state or local equivalent), owned by the holders of beneficial interests in the Notes and the Trust Beneficial Owner, and (ii) the Funding Agreement as debt of GELAAC.

  
 (b) The Trust Agreement provides that the Trustee, in
consultation with GELAAC, shall appoint accountants to prepare and file all federal, state and local income tax and information returns and reports required to be filed with respect to the Trust and the Notes under any applicable federal, state or
local tax statute or any rule or regulation under any of them. The Trust Agreement provides that the Trustee shall execute such forms as the accountants may reasonably request and shall keep copies or cause copies to be kept of any such tax and
information returns and reports required to be filed. The Indenture Trustee agrees to provide to the Trustee such information upon receipt of reasonable written request from the Trust, as is necessary and within its possession for the Trustee to
fulfill its obligations under this Section 2.12. 
  
 SECTION 2.13. No Association. Nothing set forth in the Indenture shall be construed to constitute the holders of Notes, from time to time, as members of an association. 
  
 SECTION 2.14. Administrative Procedures. The Indenture Trustee shall comply with the Procedures (as defined in the
Distribution Agreement), as they may be amended from time to time in accordance with the terms of the Distribution Agreement; provided, that, the Indenture Trustee shall not be required to comply with any amendment to the Procedures that
affects its rights, duties or immunities unless it shall have given its prior written consent thereto. 
  
 ARTICLE 3 
 COVENANTS, REPRESENTATIONS AND
WARRANTIES 
  
 SECTION 3.01. Payment of
Principal and any Premium, Interest and Additional Amounts. The Trust covenants and agrees, for the benefit of the holders of the Notes, that it will: 
  
 (a) Pay or cause to be paid to the Paying Agent on or before the date on which any payment becomes due, an amount equal to the amount of principal (and
premium, if any) and interest and any Additional Amount (if applicable) payable in respect of the Notes then becoming due in respect of the Notes. 
  
 (b) Pay or cause to be paid each amount payable to the Paying Agent under Section 3.01(a) by transfer of immediately available funds
denominated in the Specified Currency not later than 11:00 a.m. (at the Place of Payment) on the date when such amounts are due and payable in respect of the Notes. 
  
 (c) Confirm or cause to be confirmed, before 11:00 a.m. (at the Place of Payment) on the second Business Day before the due
date of each payment by it under Section 3.01(a) 

  

 30 

 
to the Paying Agent by confirmed facsimile, that irrevocable instructions have been given by it or on its behalf, for the transfer of the relevant funds to
the Paying Agent and the name and the account of the bank through which such payment is being made. 
  
 For purposes of this Section 3.01, an installment of principal, premium, if any, or interest and any other amount payable in respect of the Notes shall be considered paid on the date it is due if the Trust
has deposited, or caused to be deposited, with the Paying Agent by 11:00 a.m. New York City time on such date money designated for, and capable of being applied towards, and sufficient to pay such installment. 
  
 SECTION 3.02. Collection Account. GELAAC shall, on or prior to the
Original Issue Date, establish a non-interest bearing account with the Indenture Trustee or such other depository institution that is rated at least AA- by Standard & Poor’s Ratings Services, a division of the McGraw-Hill Companies,
Inc. or Aa3 by Moody’s Investors Services, Inc., or has an equivalent rating from another nationally recognized statistical rating organization as may be designated by the Trustee, in the name of the Trust, into which account shall be deposited
payments received under the applicable Funding Agreement and which account shall be segregated from other accounts held by the Indenture Trustee or such other depositary institution. 
  
 SECTION 3.03. Agreements of the Paying Agent. The Paying Agent agrees that: 
  
 (a) The Paying Agent shall be entitled to deal with each amount paid to it
under the Indenture in the same manner as other amounts paid to it as a banker by its customers provided that: 
  
 (i) the Paying Agent shall not, against the Trust or any Holder of a Note, exercise any lien, right of set-off or similar claim in respect
thereof (except as otherwise provided or permitted under the Indenture); 
  
 (ii) the Paying Agent shall not be liable to any Person for interest thereon; 
  
 (iii) the Paying Agent need not segregate any money held by it except as required by law or as otherwise provided under the Indenture; and

  
 (iv) the Paying Agent shall comply with the
provisions of Section 317(b) of the Trust Indenture Act and agrees that it will, during the continuance of any default by the Trust (or any other obligor upon the Notes) in the making of any payment in respect of the Notes, upon the written
request of the Indenture Trustee, forthwith pay to the Indenture Trustee all sums held in trust by such Paying Agent for payment in respect of the Notes. 
  
 (b) The Paying Agent shall pay or cause to be paid by transfer of immediately available funds denominated in the Specified Currency to the Holders all
moneys received by the Paying Agent for such purpose from the Trust pursuant to Section 3.01. In the event a Note is issued between a Regular Record Date or Special Record Date and the related Interest Payment Date or proposed date of
payment, interest for the period beginning on the Original Issue Date for such Note or the previous Interest Payment Date, as the case may be, and ending on the 

  

 31 

 
subject Interest Payment Date or proposed date of payment will be paid on the immediately following Interest Payment Date or proposed date of payment to the
Person who was the registered Holder of such Note as of the immediately preceding Regular Record Date or Special Record Date. With respect to Global Notes, the Paying Agent shall pay principal, premium, if any, interest and any other amounts due on
such Global Notes in accordance with the Notes and the arrangements established by and between the Paying Agent and the Depositary. Notwithstanding anything in the Indenture to the contrary, payments of principal and premium, if any, in respect of
Definitive Notes on the Maturity Date shall be made as provided in or pursuant to the Indenture in immediately available funds against presentation and surrender of the relevant Definitive Notes at the designated office of the Registrar in New York
City, as provided in the Indenture or in the applicable Definitive Note. Payments of interest and other amounts due and owing, if any, on the Maturity Date of Definitive Notes shall be made to the Person to whom payment of the principal thereof and
premium, if any, thereon shall be made. Notwithstanding anything in the Indenture to the contrary, interest on Definitive Notes other than on the Maturity Date shall be paid to the person shown in the applicable Register at the close of business on
the Regular Record Date or Special Record Date, as applicable, as provided in or pursuant to the Indenture before the due date for payment thereof. Notwithstanding anything in the Indenture to the contrary, payments of interest and other amounts due
and owing on each Definitive Note other than on the Maturity Date shall be made in the currency in which such payments are due by check drawn on a bank in the Principal Financial Center of the country of the Specified Currency and mailed to the
Holder (or, in the case of joint holders, the first named) of such Definitive Note at its address appearing in the applicable Register. Notwithstanding the foregoing, the Paying Agent shall make, or cause to be made, payments of interest and other
amounts due and owing, if any, on a Definitive Note on any Interest Payment Date other than the Maturity Date to each Holder of $10,000,000 (or, if the Specified Currency is other than U.S. Dollars, the equivalent thereof in the particular Specified
Currency) or more in aggregate principal amount of Definitive Notes by wire transfer of immediately available funds if the applicable Holder has delivered appropriate wire transfer instructions in writing to the Paying Agent not less than fifteen
(15) calendar days prior to the particular Interest Payment Date. Any such wire transfer instructions received by the Paying Agent shall remain in effect until revoked by the applicable Holder. All moneys paid to the Paying Agent by the Trust
in respect of any Note shall be held by the Paying Agent from the moment when such moneys are received until the time of actual payment thereof, for the persons entitled thereto, and shall be applied in accordance with Section 3.03(c)
through (g); provided, that the obligation of the Paying Agent to hold such moneys shall be subject to the provisions of Section 3.08. 
  
 (c) The Paying Agent acting through its specified office shall make payments of interest and Additional Amounts (if applicable) or, as the case may be,
principal in respect of the Notes in accordance with the terms thereof and of the Indenture, provided that such Paying Agent shall not be obligated (but shall be entitled) to make such payments if it is not able to establish that it has received
(whether or not at the due time) the full amount of the relevant payment due to it under Section 3.01(a). Payment of any Note redemption amount (together with accrued interest) due in respect of Notes will be made against presentation
and surrender of the relevant Notes at the specified office of the Paying Agent, subject to Section 2.04(h). Payment of amounts (whether principal, interest or otherwise) due in respect of Notes will be paid by the Paying Agent to the
Holder thereof (or, in the case of joint Holders, the first named) which shall be the person appearing as Holder in the register kept by the Registrar as at the close of business (local time in the place of the specified office of the Registrar) on
the Regular Record Date. 
  

 32 

 (d) If a Paying Agent makes any payment in accordance with paragraph (c), it shall be entitled to
appropriate for its own account, out of the funds received by it under Section 3.01(a), an amount equal to the amount so paid by it. 
  
 (e) If a Paying Agent makes a payment in respect of Notes at a time at which it has not received the full amount of the relevant payment due to it under
Section 3.01(a) and is not able to reimburse itself out of funds received by it under Section 3.01(a) therefor by appropriation under Section 3.03(d), the Trust shall from time to time, on demand, pay or cause to
be paid to the Paying Agent for its own account: 
  
 (i) the amount so paid out by such Paying Agent and not so reimbursed to it; and 
  
 (ii) interest on such amount from the date on which such Paying Agent made such payment until the date of reimbursement of such amount;

  
 provided that any payment made under clause
(i) above shall satisfy pro tanto the Trust’s obligations under Section 3.01(a). 
  
 (f) Interest shall accrue for the purpose of Section 3.03(e)(ii) (as well after as before judgment) on the basis of a year of 360 days (365
days (366 days in the case of a leap year) in the case of an amount in Sterling) and the actual number of days elapsed and at the rate per annum which is the aggregate of one percent per annum and the rate per annum specified by the Paying Agent as
reflecting its cost of funds for the time being in relation to the unpaid amount. 
  
 (g) If at any time and for any reason a Paying Agent makes a partial payment in respect of any Note surrendered for payment to it, such Paying Agent shall endorse thereon and in the Register a statement indicating the
amount and date of such payment. 
  
 SECTION 3.04. Maintenance
of Office or Agency. 
  
 (a) The Trust will maintain in the
Place of Payment an Office or Agency where Notes may be presented or surrendered for payment, where Notes may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Trust in respect of the Notes and the
Indenture may be served; provided, however, that if the Notes are listed on any stock exchange and the rules of such stock exchange shall so require, the Trust shall maintain an Office or Agency in any other required city so long as
the Notes are listed on such exchange. The Trust will give prompt written notice to the Indenture Trustee of the location, and any change in the location, of such Office or Agency. If at any time the Trust shall fail to maintain any such required
Office or Agency or shall fail to furnish the Indenture Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Indenture Trustee and the Trust hereby appoints
the Indenture Trustee as its agent to receive such respective presentations, surrenders, notices and 

  

 33 

 
demands. The Trust shall promptly notify the Indenture Trustee of the name and address of each Paying Agent (if different than the Indenture Trustee)
appointed by it and will notify the Indenture Trustee of the resignation or termination of any Paying Agent. 
  
 (b) The Trust may also from time to time designate one or more other Offices or Agencies where the Notes may be presented or surrendered for any or all
such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Trust of its obligation to maintain the Offices or Agencies for Notes in the
Place of Payment for the foregoing purposes. The Trust shall give prompt written notice to the Indenture Trustee of any such designation or rescission and of any change in the location of any such Office or Agency. 
  
 (c) Unless otherwise provided in or pursuant to the Indenture, the Trust
hereby appoints the Indenture Trustee as Paying Agent, Registrar and Transfer Agent, and, in connection therewith, the Trust hereby agrees to issue a Standing Order to the Indenture Trustee, pursuant to which the Indenture Trustee shall distribute
all amounts due and unpaid under Section 3.01(b) of the Standard Trust Terms. For so long as (i) the Trust has not rescinded the Standing Order (notice of such rescission to be promptly given by the Trustee to the Indenture Trustee) and
(ii) the Indenture Trustee is able to, and does, comply with the Standing Order, the Trustee will not be required to establish a Payment Account (as defined in the Standard Trust Terms) in accordance with Section 3.01 of the Standard Trust
Terms. 
  
 SECTION 3.05. Duties of the Agents. 

 
 (a) The Trust shall provide to the Paying Agent sufficient copies of all
documents required to be available for inspection as provided in the Registration Statement or the Pricing Supplement in respect of the Notes. 
  
 (b) To the extent permitted by applicable law, the Paying Agent shall make available for inspection during normal business hours at its specified office
such documents as may be specified as so available at the specified office of the Paying Agent in respect of the Notes, or as may be required by any stock exchange on which the Notes may be listed. 
  
 (c) Notwithstanding anything to the contrary, the Trust, in reliance on the
advice of counsel (such counsel to be appointed by the Trustee in consultation with GELAAC), shall be solely responsible for ensuring that each Note to be issued or other transactions to be effected under the Indenture shall comply with all
applicable laws and regulations of any governmental or other regulatory authority in connection with any Note and that all necessary consents and approvals of, notifications to and registrations and filings with, any such authority in connection
therewith are effected, obtained and maintained in full force and effect. 
  
 (d) The Paying Agent shall receive all forms from Holders that are required to exempt payments under the Notes, and/or the related Funding Agreement, from United States federal income tax withholding. The Paying Agent
shall (i) withhold from each payment under the Indenture or under any Note any and all United States federal or state withholding taxes applicable thereto as required by law, and (ii) file any information reports as it may be required to
file under applicable law. 
  

 34 

 (e) Each Agent shall be obligated to perform such duties and only such duties as are set out in the
Indenture and no implied duties or obligations shall be read into the Indenture against such Agent. 
  
 (f) Each Agent shall be protected and shall incur no liability for or in respect of any action taken, omitted or suffered in reliance upon any
instruction, request or order from the Trust or any notice, resolution, direction, consent, certificate, affidavit, statement, facsimile, telex or other paper or document (duly signed or which it believes in good faith to have been duly signed,
where applicable) which it believes in good faith to be genuine and to have been delivered, signed or sent by the proper party or parties. 
  
 (g) Each Agent and any of its officers, directors, employees or controlling persons may become the owner of, or acquire any interest in, any Note, with
the same rights that it or he would have if it or he were not appointed under the Indenture, and may engage or be interested in, any financial or other transaction with the Trust or GELAAC, or any Affiliate thereof, or may act as depositary, trustee
or agent for any committee or body of Holders, as freely as if it or he were not appointed under the Indenture. 
  
 (h) Each Agent may consult with legal and other professional advisers of its selection and the opinion of the advisers shall be full and complete
protection in respect of action taken, omitted or suffered under the Indenture in good faith and in accordance with the opinion of the advisers. 
  
 (i) Under no circumstances will the Paying Agent or any other Agent be liable to the Trust or any other party to the Indenture for any consequential loss
(being loss of business, goodwill, opportunity or profit), punitive damages or indirect loss even if advised of the possibility of such loss. 
  
 (j) In acting under this Indenture and in connection with the Notes, each Agent, acting as agent for the Trust, does not assume any obligation towards, or
any relationship of agency or trust for or with, the Holder of any Note, except, in case of the Paying Agent, to the extent provided in Section 317(b) of the Trust Indenture Act. 
  
 SECTION 3.06. Duties of the Transfer Agent. If and to the extent specified in the terms and conditions of the Notes
or if otherwise requested by the Trust or Indenture Trustee, the Transfer Agent shall in compliance with the Notes and the Indenture: 
  
 (a) Receive requests from Holders of Notes for the transfer of Definitive Notes, inform the Registrar in writing of the receipt of such requests, forward
the deposited Definitive Note(s) to or to the order of the Registrar and assist in the issuance of a new Definitive Note and in particular, without limitation, notify the Registrar in writing of (i) the name and address of the Holder of the
Definitive Note, (ii) the serial number and principal amount of the Definitive Note, (iii) in the case of a transfer of a portion of the Note only, the principal amount of the Definitive Note to be so transferred, and (iv) the name
and address of the transferee to be entered on the Register; 
  
 (b) Make available for collection by each relevant Holder new Definitive Notes; 
  

 35 

 (c) Accept surrender of Definitive Notes and assist in effecting final payment of the Notes on the due
date for payment; 
  
 (d) Keep the Registrar informed of all
transfers; and 
  
 (e) Carry out such other acts as may reasonably
be necessary to give effect to the Notes and the Indenture. 
  
 SECTION 3.07. Duties of the Registrar. 
  
 (a)
The Registrar shall maintain a Register which shall show the aggregate principal amount and date of issue of the Notes, the names and addresses of the initial Holders thereof and the dates of all transfers to, and the names and addresses of, all
subsequent Holders thereof. 
  
 (b) The Registrar shall by the
issue of new Notes, the cancellation of old Notes and the making of entries in the Register give effect to transfers of Notes in accordance with the Indenture. 
  

(c) The Trust may from time to time deliver to the Registrar Notes of which it is the Holder for cancellation, whereupon the Registrar shall cancel the
same and shall make the corresponding entries in the Register. 
  
 (d) As soon as reasonably practicable but in any event within ninety (90) calendar days after each date on which Notes fall due for redemption, the Registrar shall notify the Trust of the serial numbers of any Notes against surrender
of which payment has been made and of the serial numbers of any Notes (and the names and addresses of the Holders thereof) which have not yet been surrendered for payment. 
  
 (e) The Registrar shall, upon and in accordance with the instructions of the Trust but not otherwise, arrange for the
delivery in accordance with the Indenture of any notice which is to be given to the Holders of Notes and shall supply a copy thereof to the Indenture Trustee and the Paying Agent. 
  
 (f) The Trust shall ensure that the Registrar has available to it supplies of such Notes as shall be necessary in connection
with the transfer of Notes and the exchange of Global Notes for Definitive Notes. 
  
 (g) The Registrar shall make available, at the request of the Holder of any Note, forms of proxy in a form and manner which comply with the provisions of the Indenture and shall perform and comply with the provisions
of the Indenture applicable to it. 
  
 (h) The Trust shall provide
to the Registrar: 
  
 (i) specimen Notes in
definitive form; and 
  
 (ii) sufficient copies
of all documents required to be available for inspection as provided in the Registration Statement or the Pricing 

  

 36 

 
Supplement in respect of the Notes, as may be required by any securities exchange on which the Notes may be listed, or as may be required by applicable law.

  
 (i) The Registrar shall make available for inspection during
normal business hours at its specified office such documents as may be specified as so available at the specified office of such Registrar, as may be required by any securities exchange on which the Notes may be listed, or as may be required by
applicable law. 
  
 (j) The Registrar shall provide the Paying
Agent and/or the Indenture Trustee with all such information in the Registrar’s possession with respect to the Notes as the Paying Agent or the Indenture Trustee, as the case may be, may reasonably require in order to perform the obligations
set out in the Indenture. 
  
 (k) The Registrar shall ensure that
in no event shall Definitive Notes be exchanged for Global Notes. 
  
 SECTION 3.08. Unclaimed Monies. Any money deposited with the Indenture Trustee, Registrar or the Paying Agent for the payment of the principal, premium, if any, or interest on any Note and remaining unclaimed for two years after such
principal or any such premium or interest had become due and payable shall, unless otherwise required by mandatory provisions of applicable escheat or abandoned or unclaimed property law, be paid to GELAAC pursuant to a Trust Request and pursuant to
the applicable Funding Agreement; and the Holder of such Note shall thereafter, as an unsecured general creditor, look only to GELAAC for payment thereof, and all liability of the Indenture Trustee, Registrar or the Paying Agent with respect to such
trust money shall thereupon cease; provided, however, that the Indenture Trustee, Registrar or Paying Agent, before being required to make any such repayment, may cause, at the expense of the Trust, to be published once, in an
Authorized Newspaper, in each Place of Payment or to be mailed to Holders, or both, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than thirty (30) calendar days from the date of such
publication or mailing, any unclaimed balance of such money then remaining will be repaid to GELAAC. 
  
 SECTION 3.09. Protection of Collateral. 
  
 (a) The Trust shall, from time to time, execute and deliver all such supplements and amendments to the Indenture and all such financing statements,
continuation statements, instruments of further assurance, and other instruments, and take such other action as may be necessary or advisable to: 
  
 (i) create, perfect or maintain a perfected security interest in, grant, or make or maintain a valid and effective assignment for
collateral purposes of, all or any portion of the Collateral (including without limitation the Funding Agreement included therein); 
  
 (ii) maintain or preserve the Funding Agreement or any Lien in favor of the Indenture Trustee on the Funding Agreement; 
  

 37 

 (iii) perfect, publish notice of, or protect the validity of, any security interest or
assignment for collateral purposes made pursuant to the Indenture or the Funding Agreement; 
  
 (iv) enforce any portion, or obtain the full benefits, of the Collateral (including without limitation the Funding Agreement included
therein); and 
  
 (v) preserve and defend title
to the Collateral and the rights of the Indenture Trustee and of the Holders in the Collateral held for the benefit and security of the Holders or other instrument against the claims of all Persons. 
  
 The Trust hereby designates the Indenture Trustee as its agent and
attorney-in-fact to execute any financing statement, continuation statement or other instrument required or permitted pursuant to this Section 3.09; provided, however, that such designation shall not be deemed to create a
duty in the Indenture Trustee to monitor the compliance of the Trust with the foregoing covenants; provided, further, however, that the duty of the Indenture Trustee to execute any instrument required pursuant to this
Section 3.09 shall arise only if any Responsible Officer of the Indenture Trustee has received written request from the Trust to execute such instruments. 
  
 (b) The Trust will pay or cause to be paid all taxes and fees incidental to any filing, registration and recording actions
which are reasonably necessary to comply with Section 3.09(a), and all expenses incidental to the preparation, execution and acknowledgment of any instrument of further assurance, and all Federal or state or jurisdiction of organization
of the Trust stamp taxes or other similar taxes, duties and charges arising out of or in connection with the execution and delivery of such instruments; provided, however, that the Trust shall not be required to pay or discharge or
cause to be paid or discharged any Lien affecting the Collateral to the extent such Lien is being contested in good faith by appropriate proceedings. The Trust will at all times preserve, warrant and defend the Indenture Trustee’s title and
right in and to the property included in the Collateral against the claims of all Persons. 
  
 (c) The Trust will faithfully observe and perform, or cause to be observed and performed, all its covenants, agreements, conditions and requirements contained in the Funding Agreement in accordance with the terms
thereof and will maintain the validity and effectiveness of the Funding Agreement and the security interest therein or the assignment for collateral purposes thereof to the Indenture Trustee. The Trust will take no action, nor permit any action to
be taken, which will release any party to the Funding Agreement from any of its obligations or liabilities thereunder, or will result in the termination, modification or amendment, or will impair the validity, of the Funding Agreement except as
expressly provided for in the Indenture and therein. The Trust will give the Indenture Trustee prompt written notice of any default by any party to the Funding Agreement promptly after it becomes known to the Trust. 
  
 (d) At the written request of the Indenture Trustee and also following the
occurrence of an “Event of Default” under the Funding Agreement, the Trust will, subject to the written direction and control of the Indenture Trustee, take such action, or at the Indenture Trustee’s written request furnish funds
sufficient to enable the Indenture Trustee to take such 

  

 38 

 
action, as the Indenture Trustee may deem necessary or advisable for enforcing payment when due, subject to applicable notice and grace periods, under or
pursuant to the Indenture or the Funding Agreement. 
  
 SECTION
3.10. Opinions as to Collateral; Annual Statement as to Compliance. 
  
 (a) On or before the 15th day of May of each calendar year, commencing May 15,
2006, the Trust shall furnish or cause to be furnished to the Indenture Trustee an Opinion of Counsel stating that, in the opinion of such counsel, either (i) such action has been taken with respect to the recording, filing, re-recording and
re-filing of the Indenture, any indentures supplemental to the Indenture and any other requisite documents and with respect to the execution and filing of any financing statements and continuation statements as is necessary to perfect and/or
maintain the perfection of liens, security interests and assignments for collateral purposes created or effected pursuant to the Indenture with respect to the Funding Agreement that is part of any Collateral and reciting the details of such action,
or (ii) in the opinion of such counsel no such action is necessary to perfect and/or maintain the perfection of such lien, security interest and/or assignment for collateral purposes. Such Opinion of Counsel shall also describe the recording,
filing, re-recording and re-filing of the Indenture, any indentures supplemental to the Indenture and any other requisite documents and the execution and filing of any financing statements and continuation statements that will, in the opinion of
such counsel, be required to perfect and/or maintain the perfection of the liens, security interests and assignments for collateral purposes created or effected pursuant to the Indenture with respect to the Funding Agreement that is part of any
Collateral until the 15th day of May in the following calendar year. 
  
 (b) On or before the 15th day of May in each calendar year, commencing on the first such date following the Original Issue Date, the Trust shall deliver to the Indenture Trustee a
Trust Certificate stating, as to each signer thereof, that in the course of the performance by each signer of such Trust Certificate of his or her present duties as a Responsible Officer of the Trustee, such signer would normally obtain knowledge as
to the existence of any condition or event which would constitute a Default or an Event of Default and that to the best of such signer’s knowledge: 
  
 (i) a review of the fulfillment by the Trust during such year of its obligations under the Indenture has been made under the supervision
of such signer; and 
  
 (ii) the Trust has
fulfilled in all material respects its obligations under the Indenture throughout such year, or, if there has been a Default or an Event of Default in the fulfillment of any such obligation, specifying each such Default or Event of Default known to
such signer and the nature and status thereof. 
  
 (c) The Trust,
pursuant to Section 314(a) of the Trust Indenture Act, shall: 
  
 (i) file, or cause to be filed, with the Indenture Trustee, within fifteen (15) days after the Trust or GELAAC is required to file the same with the Commission and to the extent available to the Trust, copies of
the annual reports 

  

 39 

 
and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and
regulations prescribe) which the Trust or GELAAC may be required to file with the Commission in connection with the Program pursuant to Section 13 or Section 15(d) of the Securities Exchange Act; or, if the Trust or GELAAC is not required
to file information, documents or reports pursuant to either of said Sections, then it shall file, or cause to be filed, with the Indenture Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the
Commission, such of the supplementary and periodic information, documents and reports which may be required pursuant to Section 13 of the Securities Exchange Act in respect of a security listed and registered on a national securities exchange
as may be prescribed from time to time in such rules and regulations; provided that if, pursuant to any publicly available interpretations of the Commission, the Trust or GELAAC would not be required to make such filings in connection with
the Program under Section 314(a) of the Trust Indenture Act, then the Trust or GELAAC shall not be required to make such filings; 
  
 (ii) file, or cause to be filed, with the Indenture Trustee and the Commission, in accordance with rules and regulations prescribed from
time to time by the Commission, such additional information, documents and reports with respect to compliance by the Trust, with the conditions and covenants of the Indenture as may be required from time to time by such rules and regulations; and

  
 (iii) transmit, or cause to be transmitted,
within thirty (30) days after the filing thereof with the Indenture Trustee, in the manner and to the extent provided in Section 313(c) of the Trust Indenture Act, such summaries of any information, documents and reports required to be
filed by the Trust pursuant to paragraphs (i) and (ii) of this Section 3.10(c) as may be required by rules and regulations prescribed from time to time by the Commission. 
  
 (d) The Trust shall comply with the provisions of Section 314(d) of the
Trust Indenture Act. 
  
 SECTION 3.11. Performance of
Obligations. The Trust may contract with other Persons for the performance of the Trust’s obligations under the Indenture (other than the execution and delivery of Trust Requests, Trust Orders and Trust Certificates) and the performance of
such obligations by such other Persons shall be deemed to be the performance thereof by the Trust, as applicable; provided, however, that the appointment of any such Persons shall be subject to the consent of GELAAC, which consent
shall not be unreasonably withheld. 
  
 SECTION 3.12.
Existence. 
  
 (a) The Trust will do or cause to be done
all things necessary to preserve and keep in full force and effect its existence, rights (charter and statutory) and franchises as a trust formed under the jurisdiction set forth in the Pricing Instrument, as applicable, and, upon the advice of
counsel (such counsel to be appointed with the consent of GELAAC, which consent shall not be unreasonably withheld), will obtain and preserve its qualification to do business in 

  

 40 

 
each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of the Indenture, the Notes or any portion
of the Collateral. The Trust will, promptly after any amendment or modification of the Trust Agreement, send copies thereof to the Indenture Trustee and the Rating Agencies. 
  
 (b) The Trust will (i) maintain books and records and bank accounts separate from those of any other Person and any
other trust organized under the Program, (ii) at all times hold itself out to the public as separate and distinct from any Affiliates and each other trust organized under the Program, and (iii) file or cause to be filed its own tax
returns. 
  
 (c) The Trust shall maintain its assets and
transactions separately from those of any Affiliates and any other trust organized under the Program, reflect such assets and transactions in financial statements separate and distinct from those of any Affiliates and any other trust organized under
the Program and evidence such assets and transactions by appropriate entries in books and records separate and distinct from those of any Affiliates (including any other trust organized under the Program). 
  
 SECTION 3.13. Reports; Financial Information; Notices of Defaults.

  
 (a) The Trust shall promptly deliver to the Indenture Trustee
copies of all reports, statements and information received by it pursuant to the Funding Agreement or otherwise in respect of the Collateral. 
  
 (b) The Trust shall promptly inform the Indenture Trustee in writing of the occurrence of any Default or Event of Default which is continuing of which it
has actual knowledge. Each notice given pursuant to this Section 3.13(b) shall be accompanied by a Trust Certificate setting forth details of the occurrence referred to therein and stating what action, if any, the Trust has taken or
proposes to take with respect thereto. 
  
 (c) The Trust shall
collect all forms (or, if applicable, copies of such forms), if any, from the Paying Agent or Registrar (or from such other persons as are relevant) that are required to exempt payments under the Notes or the Funding Agreement from United States
federal income tax withholding. In addition, the Trust shall execute and file such forms and take such actions for United States federal income tax purposes as shall be reasonable and necessary to ensure that payments of interest, principal, premium
and Additional Amounts, if applicable, in respect of the Notes or the Funding Agreement are not subject to United States federal withholding or backup withholding tax. 
  
 (d) In accordance with Section 312(a) of the Trust Indenture Act, the Trust shall furnish or cause to be furnished to
the Indenture Trustee: 
  
 (i) semi-annually with
respect to Notes not later than the 15th day of May and the 15th day of November of each year or upon such other dates as are set forth in or pursuant to a Trust Order or indenture supplemental to the Indenture a list, in
each case in such form as the Indenture Trustee may reasonably require, of the names and addresses of Holders as of the applicable date, and 
  

 41 

 (ii) at such other times as the Indenture Trustee may request in writing, within thirty
(30) days after the receipt by the Trust of any such request, a list of similar form and content as of a date not more than fifteen (15) days prior to the time such list is furnished, 
  
 provided, however, that so long as the Indenture Trustee is the Registrar no such list
shall be required to be furnished. 
  
 (e) The Indenture Trustee
shall comply with the obligations imposed upon it pursuant to Section 312 of the Trust Indenture Act. 
  
 Every Holder, by receiving and holding Notes, agrees with the Trust and the Indenture Trustee that none of the Trust, the Indenture Trustee, the Paying
Agent or the Registrar shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders in accordance with Section 312(c) of the Trust Indenture Act, regardless of the source from which
such information was derived, and that the Indenture Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under Section 312(b) of the Trust Indenture Act. 
  
 (f) (i) Within sixty (60) days after the 15th day of May of each year commencing with the first such date following the first issuance of Notes, if required by
Section 313(a) of the Trust Indenture Act, the Indenture Trustee shall transmit, pursuant to Section 313(c) of the Trust Indenture Act, a brief report dated as of the 15th day of May of such year with respect to any of the events specified in said Section 313(a) of the Trust Indenture Act which may have occurred since the
later of the immediately preceding 15th day of May and the date of the Indenture. 
  
 (ii) The Indenture Trustee shall transmit, pursuant to
Section 313(c) of the Trust Indenture Act, the reports required by Section 313(b) of the Trust Indenture Act at the time specified therein. 
  
 (iii) Reports pursuant to this Section 3.13 shall be transmitted in the manner and to the Persons required by Sections 313(c)
and 313(d) of the Trust Indenture Act. 
  
 (g) Within ten
(10) days following any distribution made or scheduled to be made on the Notes, including any Interest Payment Date or the Maturity Date, and only to the extent the Trust is required to file reports under the Securities Exchange Act, the
Indenture Trustee will deliver to GELAAC and the Holders a report substantially in the form of Exhibit B attached to the Indenture. 
  
 SECTION 3.14. Payment of Taxes and Other Claims. The Trust will pay or discharge or cause to be paid or discharged, before the same shall become
delinquent, (1) all taxes, assessments and governmental charges levied or imposed upon the Trust or upon the income, profits or property of the Trust, and (2) all lawful claims for labor, materials and supplies which, if unpaid, might by
law become a Lien upon the property of the Trust; provided, however, that the Trust shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity
is being contested in good 

  

 42 

 
faith by appropriate proceedings. The Trust, upon the advice of counsel (such counsel to be appointed with the consent of GELAAC, which consent shall not be
unreasonably withheld), shall comply with the requirements of all other applicable laws, the non-compliance with which would, individually or in the aggregate, materially and adversely affect the condition (financial or otherwise) of the Trust or
which would impair in any material respect the ability of the Trust to perform its obligations under the Notes or the Indenture. 
  
 SECTION 3.15. Negative Covenants. So long as any Notes are Outstanding, the Trust will not take any of the following actions, except as otherwise
permitted under the Indenture: 
  
 (a) sell, transfer, exchange,
assign, lease, convey or otherwise dispose of any assets held by the Trust (owned as of the date of the Trust Agreement or thereafter acquired), including, without limitation, any portion of the Collateral, except as expressly permitted by the
Indenture; 
  
 (b) incur or otherwise become liable, directly or
indirectly, for any Indebtedness or Contingent Obligation except for the Notes issued pursuant to the Indenture and the transactions contemplated thereby; 
  
 (c) engage in any business or activity other than in connection with, or relating to, (i) the performance of the Trust Agreement and the execution,
delivery and performance of any documents (other than the Trust Agreement), including the Program Documents, relating to the Notes issued under the Indenture and the transactions contemplated thereby, and (ii) the issuance of the Notes pursuant
to the Indenture; 
  
 (d) (i) permit the validity or
effectiveness of the Indenture or any grant of security interest in or assignment for collateral purposes of the Collateral to be impaired, or permit a Lien created under the Indenture to be amended, hypothecated, subordinated, terminated or
discharged, or permit any Person to be released from any covenants or obligations under any document or agreement assigned to the Indenture Trustee, except as may be expressly permitted by the Indenture, (ii) create, incur, assume or permit any
Lien or other encumbrance (other than the Lien created by the Indenture) on any of its properties or assets owned or thereafter acquired, or any interest therein or the proceeds thereof, or (iii) permit a Lien created under the Indenture not to
constitute a valid first priority perfected security interest in the Collateral; 
  
 (e) amend, modify or fail to comply with any material provision of the Trust Agreement except for any amendment or modification of the Trust Agreement expressly permitted thereunder; 
  
 (f) own any subsidiary or lend or advance any funds to, or make any
investment in, any Person, except for an investment in the Funding Agreement or the investment of any funds held by the Indenture Trustee, the Paying Agent or the Trustee as provided in the Indenture or the Trust Agreement; 
  
 (g) directly or indirectly declare or make any distribution or other payment
to, or redeem or otherwise acquire or retire for value the interest of, the Trust Beneficial Owner if any amount under the Notes is due and unpaid, or directly or indirectly redeem or otherwise acquire or retire for value any Indebtedness or
Contingent Obligation other than the Notes; 
  

 43 

 (h) cause or, to the fullest extent permitted by law, permit the sale or other transfer of all or a
portion of the Trust Beneficial Interest, or cause or, to the fullest extent permitted by law, permit the creation, incurrence, assumption or existence of any Lien on, all or a portion of any of the Trust Beneficial Interest; 
  
 (i) exercise any rights with respect to the Collateral except at the written
direction of, or with the prior written approval of, the Indenture Trustee; 
  
 (j) become required to be registered as an “investment company”, or come under the “control” of an “investment company,” as such terms are defined in the Investment Company Act;

  
 (k) enter into any transaction of merger or consolidation or
liquidate or dissolve itself (or, to the fullest extent permitted by law, suffer any liquidation or dissolution), or acquire by purchase or otherwise all or substantially all the business or assets of, or any stock or other evidence of beneficial
ownership of, any other Person; 
  
 (l) take any action that would
cause it not to be ignored or treated as a grantor trust (assuming it were not ignored) for United States federal income tax purposes; 
  
 (m) have any subsidiaries, employees or agents other than the Trustee and other persons necessary to conduct its activities and enter into transactions
contemplated under the Program Documents; 
  
 (n) have an interest
in any bank account other than those accounts required under the Program Documents; provided that any such further accounts or the Trust’s interest therein shall be charged or otherwise secured in favor of the Indenture Trustee;

  
 (o) issue Notes under the Indenture unless (i) the Trust
has purchased or will simultaneously purchase the Funding Agreement from GELAAC to secure such Notes, (ii) GELAAC has affirmed in writing to the Trust that it has made or simultaneously will make changes to its books and records to reflect the
granting of a security interest in, and the making of an assignment for collateral purposes of, the Funding Agreement by the Trust to the Indenture Trustee, and (iii) the Trust has taken such other steps as may be necessary to cause the grant
of security interest in, and assignment for collateral purposes of, the Collateral to the Indenture Trustee to be perfected for purposes of the UCC or effective against the Trust’s creditors and subsequent purchasers of the Collateral pursuant
to insurance or other applicable law; 
  
 (p) permit any
Affiliate, employee or officer of GELAAC or any agent under the Distribution Agreement to be a trustee of the Trust; 
  
 (q) commingle the assets of the Trust with assets of any Affiliates (including any other trust organized under the Program), or guarantee any obligation
of any Affiliates (including any other trust organized under the Program); or 
  
 (r) maintain any joint account with any Person, become a party, whether as co-obligor or otherwise, to any agreement to which any Person is a party (other than in respect of the Program Documents), or become liable as
a guarantor or otherwise with respect to any Indebtedness or contractual obligation of any Person. 
  

 44 

 SECTION 3.16. Non-Petition. Each of the Indenture Trustee, each Holder of a Note, each Agent and
the Trustee covenants and agrees that, for a period of one year plus one day after payment in full of all amounts payable under or in respect of the Indenture and the Notes, it will not institute against, or join any other Person in instituting
against, the Trust any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any federal or state bankruptcy or similar law. The immediately preceding sentence shall survive any termination of the
Indenture. 
  
 Notwithstanding the foregoing, each of the
Indenture Trustee and each Agent covenants and agrees that it will not institute against, or join any other Person in instituting against, the Trust any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other
proceedings under any federal or state bankruptcy or similar law, as a result of the failure to pay fees or expenses pursuant to Section 7.10 to any party entitled thereto. 
  
 Moreover, each of the Indenture Trustee, the Paying Agent, the Transfer Agent, the Calculation Agent and the Registrar
covenants and agrees that it will not cause an Event of Default as a result of the Trust’s failure to pay any fees or expenses pursuant to Section 7.10 to any party entitled thereto. 
  
 SECTION 3.17. Title to the Collateral. The Trust covenants and agrees
that the Trust owns, or prior to the issuance of the Notes will own, the Funding Agreement and all of the rest of the Collateral, free and clear of any Liens other than the security interests or assignments for collateral purposes made pursuant to
Article 4; and that the Trust is not and will not become a party to or otherwise be bound by any agreement, other than the Indenture, which restricts in any manner the rights of any present or future holder of any of the Collateral with
respect thereto. 
  
 The Trust shall notify in writing the
Indenture Trustee and any Rating Agencies as promptly as practicable upon a Responsible Officer of the Trustee becoming aware of any change in the law of the Commonwealth of Virginia following the date of the Indenture with respect to the priority
status of the Funding Agreement in a liquidation of, or other delinquency proceeding against, GELAAC. 
  
 SECTION 3.18. Withholding and Payment of Additional Amounts. 
  
 (a) All payments due in respect of the Notes will be made without withholding or deduction for or on account of any present
or future taxes, duties, levies, assessments or other governmental charges of whatever nature imposed or levied by or on behalf of any governmental authority, unless such withholding or deduction is so required by law. Unless otherwise specified in
the applicable Pricing Supplement and a supplemental indenture or the Notes, the Trust will not pay any Additional Amounts to Holders in respect of any such withholding or deduction and any such withholding or deduction will not give rise to a
Default or an Event of Default or any independent right or obligation to redeem the Notes. Unless the Funding Agreement specifies that GELAAC will pay Additional Amounts to the Trust in the event that any amount due with respect to the Funding
Agreement is subject to withholding or 

  

 45 

 
deduction for or on account of any present or future taxes, duties, levies, assessments or other governmental charges of whatever nature imposed or levied by
or on behalf of any governmental authority, the Trust will be deemed for all purposes of the Program Documents to have received cash in an amount equal to the amount of any such withholding or deduction, and each Holder will be deemed for all
purposes of the Program Documents to have received cash in an amount equal to the portion of such withholding or deduction that is attributable to such Holder’s interest in the Notes as equitably determined by the Trust. 
  
 (b) Subject to the final sentence of this Section 3.18(b), and
only to the extent specified in the applicable Pricing Supplement and a supplemental indenture or the Notes, the Trust shall pay to a Holder of any Note who is not a “United States person” within the meaning of Section 7701(a)(30) of
the Code, Additional Amounts to compensate for any withholding or deduction for or on account of any present or future taxes, duties, levies, assessments or other governmental charges of whatever nature imposed or levied on payments in respect of
such Note, by or on behalf of any governmental authority in the United States having the power to tax, so that the net amount received by the Holder under that Note, after giving effect to such withholding or deduction, will equal the amount that
would have been received under such Note were no such deduction or withholding required; provided that the Trust shall not, unless otherwise specified in the applicable Pricing Supplement and a supplemental indenture or the Notes, be required
to make any payment of any Additional Amount for or on account of: (i) any tax, duty, levy, assessment or other governmental charge imposed which would have not been imposed but for (A) the existence of any present or former connection
between the Holder or beneficial owner (as determined for United States federal income tax purposes) of the Note or the Funding Agreement (any such Holder or beneficial owner, the “Owner”) and such governmental authority, including without
limitation, being or having been a citizen or resident thereof, or being or having been present therein, incorporated therein, engaged in a trade or business therein or having (or having had) a permanent establishment or principal office therein,
(B) such Owner being or having been a controlled foreign corporation within the meaning of Section 957(a) of the Code, related within the meaning of Section 864(d)(4) of the Code to GELAAC or a private foundation or other tax-exempt
organization, (C) such Owner being or having been an actual or constructive owner of ten percent (10%) or more of the total combined voting power of all the outstanding stock of GELAAC, (D) such Owner being a bank for United States
federal income tax purposes whose receipt of interest on the Note or Funding Agreement is described in Section 881(c)(3)(A) of the Code or (E) such Owner being subject to backup withholding as of the date of becoming an Owner;
(ii) any tax, duty, levy, assessment or other governmental charge which would not have been imposed but for the presentation of the Note or other evidence of beneficial ownership thereof (where presentation is required) for payment on a date
more than thirty (30) days after the date on which such payment becomes due and payable or the date on which payment is duly provided for whichever occurs later; except to the extent that the Owner would have been entitled to Additional Amounts
had the Note been presented on the last day of such thirty (30) day period; (iii) any tax, duty, levy, assessment or other governmental charge which is imposed or withheld by reason of the failure of an Owner to comply with certification,
identification or information reporting requirements concerning the nationality, residence, identity or connection with the United States of an Owner (including, without limitation, failure to provide IRS Form W-8BEN or W-8ECI), if compliance is
required by statute, by regulation of the United States Treasury Department, judicial or administrative interpretation, other law or by an applicable income tax treaty to which the United States is a 

  

 46 

 
party as a condition to exemption from such tax, duty, levy, assessment or other governmental charge; (iv) any inheritance, gift, estate, personal
property, sales, transfer or similar tax, duty, levy, assessment or similar governmental charge; (v) any tax, duty, levy, assessment or other governmental charge that is payable otherwise than by withholding from payments in respect of the
Notes; (vi) any tax, duty, levy, assessment or other governmental charge that would not have been imposed or withheld but for the treatment of payments in respect of the Notes or the Funding Agreement as contingent interest described in
Section 871(h)(4) of the Code; (vii) any tax, duty, levy, assessment or other governmental charge that would not have been imposed or withheld but for an election by the Owner the effect of which is to make payment in respect of the Notes
subject to United States federal income tax; (viii) any tax, duty, levy, assessment or other governmental charge resulting from a European Union Directive; or (ix) any combination of items (i), (ii), (iii), (iv), (v), (vi), (vii) or
(viii). The obligation to pay Additional Amounts under this Section 3.18 shall not apply unless GELAAC is obligated to pay additional amounts under the Funding Agreement (1) to compensate for any withholding or deduction for or on
account of any present or future taxes, duties, levies, assessments or other governmental charges of whatever nature imposed or levied on payments in respect of the Funding Agreement by or on behalf of any governmental authority in the United States
having the power to tax and (2) to reimburse the Trust for any Additional Amounts due to Holders. 
  
 (c) If the applicable Pricing Supplement and a supplemental indenture or the Notes indicate that the Trust will pay any Additional Amounts to Holders as
described in Section 3.18(b) and any such Additional Amounts actually become due and payable, the Trust shall deliver to the Indenture Trustee, at least 30 days prior to the payment date, a Trust Certificate that indicates the amount of
such Additional Amounts and the dates of the payment of such Additional Amounts. The Indenture Trustee may conclusively rely on such Trust Certificate in making the payment of such Additional Amounts. 
  
 (d) Whenever in the Indenture or in any Note there is mentioned, in any
context, the payment of the principal or any premium or interest on, or in respect of, any Note or the net proceeds received on the sale or exchange of any Note, such mention shall be deemed to include mention of the payment of Additional Amounts if
so specified in the applicable Pricing Supplement. Further, express mention of the payment of Additional Amounts (if applicable) in any provision of the Indenture or in any Note shall not be construed as excluding Additional Amounts in those
provisions of the Indenture or in such Note where such express mention is not made. 
  
 SECTION 3.19. Additional Representations and Warranties. 
  
 (a) The Trust hereby represents and warrants that: 
  
 (i) to the extent the creation of a security interest in the Funding Agreement is governed by the UCC, the Indenture will create a valid
security interest (as defined in the UCC) in the Funding Agreement in favor of the Indenture Trustee for the benefit and security of the Holders, which security interest will be prior to all other Liens; 
  

 47 

 (ii) the Funding Agreement will constitute a “general intangible” or
“instrument” within the meaning of the UCC; 
  
 (iii) subject to the grant of security interest, pledge and collateral assignment of the Trust’s right, title and interest in the Funding Agreement, the Trust will be a party to and will be the person entitled to payment under the
Funding Agreement on the dates specified therein free and clear of any Lien, claim or encumbrance of any Person, other than the Lien created under the Indenture or any Lien otherwise permitted under the Indenture; 
  
 (iv) to the extent the UCC applies, the Trust has caused or
will have caused, within ten (10) days of the issuance of the Notes, the filing of all appropriate financing statements in the proper filing office in the appropriate jurisdictions under applicable law in order to perfect the security interest
in the Funding Agreement granted to the Indenture Trustee for the benefit and security of the Holders; 
  
 (v) other than the security interests granted to the Indenture Trustee for the benefit and security of the Holders pursuant to the
Indenture, the Trust will not pledge, assign, sell, grant a security interest in, or otherwise convey any interest in the Funding Agreement; 
  
 (vi) the Trust will not authorize the filing of and is not aware of any financing statements against the Trust that include a description
of collateral covering the Funding Agreement other than any financing statement relating to the security interests granted to the Indenture Trustee for the benefit and security of the Holders; 
  
 (vii) the Trust is not aware of any judgment or tax lien
filings against the Trust; 
  
 (viii) all
original executed copies of each instrument that constitutes or evidences the Funding Agreement have been delivered to the Indenture Trustee or the Custodian; 
  

(ix) where all original executed copies of each instrument that constitutes or evidences the Funding Agreement have been delivered to
the Custodian, GELAAC and the Indenture Trustee have received a written acknowledgment from the Custodian that the Custodian is holding the instruments that constitute or evidence the Funding Agreement solely on behalf of the Indenture Trustee; and

  
 (x) none of the instruments that constitute
or evidence the Funding Agreement has any marks or notations indicating that it has been pledged, assigned or otherwise conveyed to any Person other than the Indenture Trustee for the benefit and security of the Holders. 
  

 48 

 (b) The foregoing representations and warranties will survive the execution and delivery of the Notes. No
party will waive any of the foregoing representations and warranties. The Trust or its designees will maintain the perfection and priority of the security interest in the Funding Agreement. 
  
 SECTION 3.20. Ancillary Documents. The Trust hereby expressly
authorizes and directs the Indenture Trustee to execute and deliver each of the documents, instruments and agreements to which the Indenture Trustee is a party attached as Exhibits or otherwise expressly contemplated by the terms of the Indenture
with respect to the Notes from time to time. 
  
 ARTICLE 4

 GRANTING OF SECURITY INTEREST AND ASSIGNMENT
FOR COLLATERAL PURPOSES 
  
 SECTION 4.01. Creation. To secure the full and punctual payment of the Secured Obligations in accordance with the terms thereof and to secure the performance of the Trust’s obligations under the Notes and the Indenture, the
Trust, with respect to the Funding Agreement, hereby assigns and pledges to and with the Indenture Trustee for the ratable benefit of each Holder and, with respect to all of the Collateral, grants to the Indenture Trustee for the ratable benefit of
each Holder first priority security interests in the Collateral, and all of its rights and privileges with respect to the Collateral, and all income and profits thereon, and all interest, dividends and other payments and distributions with respect
thereto, and all Proceeds of the foregoing. Contemporaneously with the issuance of the Notes, the Trust will deliver the Funding Agreement to the Indenture Trustee or the Custodian in pledge under the Indenture and make such filings, cause GELAAC as
the issuer of the Funding Agreement to register and acknowledge the Indenture Trustee or its agent or the Holders as having the rights of an assignee for collateral purposes of the Funding Agreement and take such other action as may be necessary to
cause the Indenture Trustee for the ratable benefit of each Holder to have a perfected security interest in or be the recipient of a valid assignment for collateral purposes of the Funding Agreement and the rest of the Collateral that is effective
against the Trust’s creditors and subsequent purchasers thereof. 
  
 SECTION 4.02. Scope. 
  
 (a) The security
interest or assignment for collateral purposes granted or made pursuant to Section 4.01 is granted or made in trust to secure the full and punctual payment of the Secured Obligations equally and ratably among the Holders, without
prejudice, priority or distinction, except as expressly provided in the Indenture (including Sections 6.06 and 7.10), in the following order of priority: 
  
 first, to the payment of the amounts then due and unpaid upon the Notes for principal and interest
and all other amounts in respect of which or for the benefit of which such amount has been collected, ratably, without preference or priority of any kind, according to the aggregate amounts due and payable on the Notes; and 
  

 49 

 second, any remaining balance shall be paid to the Trust and such remaining
balance shall be distributed by the Trustee in accordance with the Trust Agreement. 
  
 (b) The Trust does hereby constitute and irrevocably appoint the Indenture Trustee the true and lawful attorney of the Trust, with full power (in the name of the Trust or otherwise), upon the occurrence and during the
continuance of an Event of Default, to exercise all rights of the Trust with respect to the Collateral and to ask, require, demand, receive, settle, compromise, compound and give acquittance for any and all monies and claims for monies due and to
become due under or arising out of any of the Collateral, to endorse any checks or other instruments or orders in connection therewith and to file any claims or take any action or institute any proceedings that the Indenture Trustee may deem to be
necessary or advisable in the circumstances. The power of attorney granted pursuant to the Indenture and all authority conferred by the Indenture are granted and conferred solely to protect the Indenture Trustee’s interest in the Collateral
held for the benefit and security of the Holders and shall not impose any duty upon the Indenture Trustee to exercise any power. This power of attorney shall be irrevocable and coupled with an interest prior to the payment in full of all the Notes.

  
 (c) The Indenture shall constitute a security agreement and an
agreement to assign the Collateral for collateral purposes under the laws of the State of New York applicable to agreements made and to be performed therein. Upon the occurrence of any Event of Default with respect to the Notes, and in addition to
any other rights available under the Indenture and the Funding Agreement or otherwise available at law or in equity, the Indenture Trustee shall have all rights and remedies of a secured party or an assignee for collateral purposes on default under
the laws of the State of New York and other applicable law to enforce the assignments and security interests contained in the Indenture and, in addition, shall have the right, subject to compliance with any mandatory requirements of applicable law,
to sell or apply the Funding Agreement and any other rights and other interests assigned or pledged by the Indenture in accordance with the terms of the Indenture at public or private sale. All amounts received under the Indenture shall be applied
first to all costs and expenses incurred by the Indenture Trustee (including the costs and expenses of its agents and counsel) in connection with such collection and enforcement and thereafter as provided in the Indenture. 
  
 (d) It is expressly agreed that anything in the Indenture or therein
contained to the contrary notwithstanding, the Trust shall remain liable under the Funding Agreement to perform all the obligations of it thereunder, all in accordance with and pursuant to the terms and provisions thereof, and the Indenture Trustee
shall not have any obligations or liabilities with respect to the Funding Agreement by reason of or arising out of the Indenture, nor shall the Indenture Trustee be required or obligated in any manner to perform or fulfill any obligations of the
Trust under or pursuant to the Funding Agreement or, other than as provided in the Indenture, to make any payment, to make any inquiry as to the nature or sufficiency of any payment received by it, or, prior to the occurrence and continuance of an
Event of Default, to present or file any claim, or to take any action to collect or enforce the payment of any amounts that may have been assigned to it or to which it may be entitled at any time or times. 
  
 (e) The Trust hereby directs and instructs the Indenture Trustee to enter
into the Custodial Agreement with the Custodian to hold the Funding Agreement in safe custody for 

  

 50 

 
the benefit of the Indenture Trustee within the Commonwealth of Virginia and each Holder, by acceptance of a Note, hereby authorizes and directs the
Indenture Trustee to enter into the Custodial Agreement and to appoint the Custodian for the benefit of the Indenture Trustee and the Holders. The Indenture Trustee shall not be liable for any act or omission of the Custodian and for purposes of
Section 7.06(d), shall be deemed to have appointed SunTrust Bank, as Custodian, with due care. The Indenture Trustee shall not be responsible for the compensation, expenses or indemnities of the Custodian. 
  
 (f) The Indenture Trustee acknowledges the granting of such security
interests and the making of such assignments for collateral purposes, accepts the terms under the Indenture in accordance with the provisions of the Indenture and agrees to perform its duties in the Indenture subject to and in accordance with the
provisions of the Indenture. 
  
 SECTION 4.03. Termination of
Security Interest. Upon the payment in full of all Secured Obligations, the security interest shall terminate and all rights to the Collateral shall revert to the Trust. Upon termination of the security interest, the Indenture Trustee will
execute and deliver to the Trust such documents as the Trust shall reasonably request to evidence the termination of such security interest. In doing so, the Indenture Trustee shall be entitled to rely on a certificate from any Person to whom a
Secured Obligation is owed (other than a Holder) that such Secured Obligation has been paid in full. 
  
 ARTICLE 5 
 SATISFACTION AND DISCHARGE;
SUBROGATION 
  
 SECTION 5.01. Satisfaction and
Discharge of Indenture. The Indenture shall cease to be of further effect with respect to the Notes (except that Section 7.10 shall survive and except as to any surviving rights of registration of transfer or exchange of Notes
expressly provided for in the Indenture) and the Indenture Trustee, on written demand of the Trust, shall execute proper instruments acknowledging satisfaction and discharge of the Indenture with respect to the Notes, when 
  
 (a) either: 
  
 (i) all Notes theretofore authenticated and delivered (other than Notes which have been mutilated,
destroyed, lost or stolen and which have been replaced or paid as provided in Section 2.08) have been delivered to the Indenture Trustee for cancellation; or 
  
 (ii) all Notes 
  
 (A) have become due and payable, 
  
 (B) will become due and payable at their Stated Maturity Date within one year, or 
  
 (C) are to be called for redemption within one year under
arrangements satisfactory to the Indenture Trustee for the giving of notice of redemption by the Indenture Trustee in the name, and at the expense, of the Trust, 

  

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and the Trust, in the case of (A), (B) or (C) above, has irrevocably deposited or caused to be deposited with the Indenture Trustee as trust funds
in trust for such purpose, an amount sufficient to pay and discharge the entire indebtedness on the Notes not theretofore delivered to the Indenture Trustee for cancellation, for principal, premium, if any, or any interest on, the Notes to the date
of such deposit (in the case of Notes which have become due and payable) or to the Stated Maturity Date, as the case may be; 
  
 (b) the Trust has paid or caused to be paid in full all other sums payable under the Indenture by the Trust with respect to the Secured Obligations,
together with all sums payable in connection with Section 7.10, to the extent not otherwise paid; and 
  
 (c) the Trust has delivered to the Indenture Trustee a Trust Certificate and an Opinion of Counsel each stating that all conditions precedent in the
Indenture providing for the satisfaction and discharge of the Indenture with respect to the Notes have been complied with. 
  
 Notwithstanding the satisfaction and discharge of the Indenture with respect to the Notes, the obligations of the Indenture Trustee under
Section 5.02 shall survive. 
  
 SECTION 5.02.
Application of Trust Money. All money deposited with the Indenture Trustee pursuant to the Indenture shall be held in trust in the Collection Account and applied by it, in accordance with the provisions of the Notes and the Indenture, to the
payment through any Paying Agent, to the Persons entitled thereto, of the principal, premium, if any, interest and Additional Amounts, if any, for whose payment such money has been deposited with or received by the Indenture Trustee. 
  
 If no Event of Default with respect to the Notes exists, the following priority of payments
shall apply: 
  
 first, to the payment of
the amounts then due and unpaid upon the Notes for principal and interest and all other amounts in respect of which or for the benefit of which such amount has been collected, ratably, without preference or priority of any kind, according to the
aggregate principal amounts due and payable on the Notes; and 
  
 second, any remaining balance shall be paid to the Trust and such remaining balance shall be distributed by the Trustee in accordance with the Trust Agreement. 
  

 52 

 ARTICLE 6 
 DEFAULTS AND REMEDIES 
  
 SECTION 6.01. Events of Default. 
  
 “Event of Default” means any one of the following events with respect to the Notes (whatever the reason for such Event of Default and
whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body): 
  
 (a) failure to pay the principal or installment payments (if applicable),
when due and payable, of any Note and continuance of such failure for a period of one (1) Business Day; 
  
 (b) failure to pay any interest, premium (if applicable) or any other amounts, when due and payable, on any Note and continuance of such failure for a
period of seven (7) Business Days; 
  
 (c) an “Event of
Default” (as defined in the Funding Agreement) by GELAAC under the Funding Agreement securing the Notes; 
  
 (d) failure to observe or perform in any material respect any covenant contained in the Indenture (other than those covenants covered by
Section 6.01(a), (b) and, if applicable (h)) or the Notes for a period of sixty (60) days after the date on which the Indenture Trustee provides the Trust written notice by registered or certified mail, return receipt
requested, specifying such failure, or the Holders of at least 25% in aggregate principal amount of the Notes provide the Trust and the Indenture Trustee written notice in the same manner, specifying such failure and requiring such failure to be
remedied and stating that it is a “Notice of Default”; 
  
 (e) the Indenture shall cease to be in full force and effect (other than in accordance with its terms) or shall be declared null and void, or the Indenture Trustee fails to have or maintain a validly created and perfected first priority
security interest subject to no prior Liens or security interests in the Collateral and proceeds thereof except as expressly permitted by the Indenture; or any Person shall successfully claim as finally determined by a court of competent
jurisdiction that any of the Liens granted to the Indenture Trustee with respect to any of the Collateral are void or that the enforcement of such Lien or any other recourse by the Indenture Trustee is materially limited because of any preference,
fraudulent transfer, conveyance or similar law; 
  
 (f) either
(i) a court having jurisdiction in the premises shall enter a decree or order for relief in respect of the Trust or the Collateral in an involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in
effect in the applicable jurisdiction, which decree or order is not stayed; or any other similar relief shall be granted under any applicable law; or (ii) an involuntary case shall be commenced against the Trust or the Collateral under any
applicable bankruptcy, insolvency or other similar law of the applicable jurisdiction; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, liquidator, sequestrator, trustee, custodian or other
officer having similar powers over the Trust or the Collateral, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, trustee or other custodian
of the Trust or the Collateral for all or a substantial part of its property; or a court having jurisdiction in the premises shall enter a decree or order declaring the dissolution of the Trust; or a warrant of attachment, execution or similar
process shall have been issued against any substantial part of the property of the Trust and any such event described in this clause (ii) shall continue for sixty (60) days unless dismissed, bonded or discharged; 
  

 53 

 (g) either (i) the Trust shall have an order for relief entered with respect to it or shall commence
a voluntary case under any applicable bankruptcy, insolvency or other similar law of the applicable jurisdiction, or shall consent to the entry of an order for relief in an involuntary case, or to the conversion of an involuntary case to a voluntary
case, under any such law, or shall consent to the appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part of its property; or the Trust shall make any assignment for the benefit of creditors; or
(ii) the Trust shall fail or be unable, or the Trust admits in writing its inability, to pay its debts as such debts become due; or the trustee of the Trust shall adopt any resolution or otherwise authorize any action to approve or for the
purpose of effecting any of the actions referred to in this paragraph (g); or 
  
 (h) any other Event of Default provided in (i) the Pricing Supplement, and (ii) the Notes or the Indenture. 
  
 SECTION 6.02. Acceleration of Maturity Date; Rescission and Annulment. If an Event of Default specified in any of Section 6.01(a),
(b), (c), (f) or (g) occurs and is continuing, the principal and all accrued and unpaid interest and any other amounts payable on the Notes or, if such Notes are issued with original issue discount, the
amortized face amount of such Notes or other redemption amount as may be specified in the Pricing Supplement (or if not so specified, as set forth in the proviso at the end of this paragraph), shall automatically be and become due and payable
immediately, without any declaration or other act whatsoever on the part of the Trust, the Indenture Trustee or any Holder. If any Event of Default other than those specified in Section 6.01(a), (b), (c), (f) or
(g) occurs and is continuing, then in every such case the Indenture Trustee or the Holders of more than twenty-five percent (25%) in aggregate principal amount of the Outstanding Notes, by a notice in writing to the Trust (and to
the Indenture Trustee if given by the Holders of the Notes), may (but are not required to) declare the sum of (i) the principal amount of all the Outstanding Notes, and ii) any other amounts, including accrued and unpaid interest, payable to
the Holders to the extent such amounts are permitted by law to be paid, to be due and payable immediately, and upon any such declaration such amount shall become due and payable on the date the written declaration is received by the Trust;
provided, however, that with respect to any Note issued with original issue discount the amount of principal due and payable for such Note will be the amount determined as set forth in the Pricing Supplement or, if not so set forth, by
multiplying (i) the then outstanding aggregate principal amount of such Note by (ii) the sum of (A) the original issue price of the Note (expressed as a percentage of the then outstanding aggregate principal amount of such Note) plus
(B) the original issue discount (expressed as a percentage) amortized from the Original Issue Date of such Note to the date of declaration of acceleration of maturity of such Note (calculated using the interest method in accordance with
generally accepted accounting principles in effect on the date of determination). 
  
 At any time after such a declaration of acceleration of maturity of the Notes has been made pursuant to the second sentence of this Section 6.02 and before a judgment or decree for payment of the money due
has been obtained by the Indenture Trustee as provided in this Article 6, the Holders of Notes representing at least sixty-six and two-thirds percent (66 2/3%) of the 

  

 54 

 
aggregate principal amount of the Outstanding Notes, by written notice to the Trust and the Indenture Trustee, may rescind and annul such declaration and its
consequences if: 
  
 (a) the Trust has paid, deposited or cause
to be paid or deposited with the Indenture Trustee a sum sufficient to pay: 
  
 (i) all overdue installments of interest and Additional Amounts, if applicable, on all Notes, 
  
 (ii) the principal and premium, if any, of any Notes which have become due otherwise than by such declaration of acceleration and interest
thereon with respect thereto at the rate borne by the Notes, and 
  
 (iii) all amounts due under the Expense and Indemnity Agreements or paid or advanced by the Indenture Trustee; and 
  
 (b) all Events of Default, other than the nonpayment of the principal or interest on the Notes which have become due solely as a result of such
acceleration, have been cured or waived as provided in Section 6.13. 
  
 No such rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereon. 
  
 SECTION 6.03. Collection of Indebtedness and Suits for Enforcement. The Trust covenants that if: 
  
 (a) default is made in the payment of any interest, premium (if applicable)
or any other amounts due on any Note when due and payable (after the expiration of any applicable cure period), or 
  
 (b) default is made in the payment of the principal or installment payments (if applicable) of any Note when such principal or installment payments (if
applicable) become due and payable (after the expiration of any applicable grace period), 
  
 the Trust will upon demand of the Indenture Trustee (which the Indenture Trustee may make, but is not required to make) pay to the Indenture Trustee, for the benefit of all the Holders of the Notes, the whole amount
then due and payable on the Notes (together, as applicable, with interest upon the overdue principal and any premium and (to the extent that payment of such interest is enforceable under applicable law) upon the overdue installments of interest at
the rate borne by the Notes or, if the Notes are non-interest bearing, the rate for such interest set forth in the Notes or the Indenture, if applicable) and, in addition thereto, such further amount as shall be sufficient to cover the costs and
expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee, its agents and counsel and any other amounts due under Section 7.10. 
  
 If the Trust fails to pay such amounts it is required to pay the Indenture
Trustee pursuant to the preceding paragraph, then forthwith upon the demand of the Indenture Trustee, in its own name and as trustee of an express trust, the Indenture Trustee may (but is not required to) 

  

 55 

 
institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce
the same against the Trust or any other obligor upon any of the Notes and collect the monies adjudged or decreed to be payable in the manner provided by law out of the property of the Trust or any other obligor upon the Notes, including the
Collateral, wherever situated. 
  
 If an Event of Default with
respect to the Notes occurs and is continuing, the Indenture Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of Notes by such appropriate judicial proceedings as the Indenture Trustee shall deem
most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in the Indenture or in aid of the exercise of any power granted in the Indenture, or to enforce any other proper remedy.

  
 SECTION 6.04. Indenture Trustee May File Proofs of
Claim. In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, composition or other judicial proceeding relative to the Trust or any other obligor upon the Notes or the property held in the
Trust or of such other obligor or their creditors, the Indenture Trustee (irrespective of whether the Notes shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Indenture Trustee shall
have made any demand on the Trust for the payment of any overdue principal, premium or interest) shall be entitled and empowered, by intervention in such proceeding or otherwise, 
  
 (a) to file and prove a claim for the whole amount of principal and any premium and interest owing and unpaid in respect of,
the Notes and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Indenture Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Indenture
Trustee, its agents and counsel) and of the Holders allowed in such proceeding; and 
  
 (b) to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same, and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar
official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Indenture Trustee and, in the event that the Indenture Trustee shall consent, to make such payments directly to the Holders, and to pay to the
Indenture Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee, its agents and counsel, and any other amounts due to the Indenture Trustee under Section 7.10.

  
 Nothing contained in the Indenture shall be deemed to
authorize the Indenture Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment, or composition affecting any of the Notes or the rights of any Holder thereof, or to authorize
the Indenture Trustee to vote in respect of the claim of any Holder in any such proceeding. 
  
 SECTION 6.05. Indenture Trustee May Enforce Claims Without Possession of Notes. All rights of action and claims under the Indenture or any of the Notes may be prosecuted and enforced by the Indenture Trustee
without the possession of any of the Notes or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Indenture 

  

 56 

 
Trustee in accordance with the terms of the Indenture shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall,
after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee, its agents and counsel, be for the ratable benefit of the Holders of Notes in respect of which such judgment has been
recovered. 
  
 SECTION 6.06. Application of Money
Collected. Notwithstanding anything in the Indenture to the contrary, any money collected by the Indenture Trustee following an Event of Default and during the continuance thereof pursuant to Article 6 or otherwise under the Indenture or
any supplements to the Indenture, and any moneys that may then be held or thereafter received by the Indenture Trustee as security with respect to the Notes shall be held in the Collection Account and be applied in the following order, at the date
or dates fixed by the Indenture Trustee and, in case of the distribution on account of principal or interest, upon presentation of the Notes, or both, and the notation thereon of the payment if only partially paid and upon surrender thereof if fully
paid: 
  
 first, to the Indenture Trustee
and any Agent, their agents and counsel, for all amounts due them under Section 7.10 hereof, to be shared pro rata among them (or in case the Indenture Trustee and the Agents are the same entity, to be shared in such manner as the
Indenture Trustee shall determine), in an aggregate amount of no more than $250,000 for all series of outstanding notes issued by all Trusts created under the Program, to the extent not previously paid; 
  
 second, to the payment of the amounts then due and
unpaid upon the Notes for principal and interest and all other amounts in respect of which, or for the benefit of which, such amount has been collected, ratably, without preference or priority of any kind, according to the aggregate principal
amounts due and payable on the Notes; and 
  
 third, any remaining balance shall be paid to the Trust and such remaining balance shall be distributed by the Trustee in accordance with the Trust Agreement. 
  
 Except as expressly set forth in this Section 6.06 and Section 7.10, none of the Indenture Trustee,
Paying Agent, Registrar or any other Agent or any of their successors, employees, officers, directors, affiliates or agents shall have any claim or rights of any nature in or to the Collateral, whether as a result of set-off, banker’s lien or
otherwise, and the Indenture Trustee hereby waives, and each of the Paying Agent and Registrar appointed under the Indenture shall be deemed to have waived, by its acceptance of the duties under the Indenture, on behalf of itself and each such other
Person, any such claim or rights in or to the Collateral. 
  
 SECTION 6.07. Limitation on Suits. Except as otherwise provided in Section 6.08, no Holder shall have any right to institute any proceedings, judicial or otherwise, with respect to the Indenture or any agreement or
instrument included in the Collateral for the Notes or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless: 
  
 (a) such Holder has previously given written notice to the Indenture Trustee of a continuing Event of Default with respect to the Notes; 
  

 57 

 (b) the Holder or Holders of Notes representing not less than twenty-five percent (25%) of the
aggregate principal amount of the Outstanding Notes shall have made written request to the Indenture Trustee to institute proceedings in respect of such Event of Default in its own name as Indenture Trustee under the Indenture; 
  
 (c) such Holder or Holders have offered to the Indenture Trustee reasonable
indemnity or security satisfactory to it against the costs, expenses and liabilities to be incurred in compliance with such request; 
  
 (d) the Indenture Trustee for sixty (60) days after its receipt of such notice, request and offer of indemnity has failed to institute any such
proceeding; and 
  
 (e) no direction inconsistent with such
written request has been given to the Indenture Trustee during such sixty (60) day period by the Holder or Holders of Notes representing at least 66 2/3% in aggregate principal amount of the Outstanding Notes; 
  
 it being understood and intended that no one or more Holders of Notes shall have any right in any manner whatever by virtue of, or by availing of, any provision of the
Indenture to affect, disturb or prejudice the rights of any other Holder of any Note or to obtain or to seek to obtain priority or preference over any other Holder of any Note or to enforce any right under the Indenture, except in the manner
provided in the Indenture and for the equal and ratable benefit of all the Holders of the Notes. 
  
 SECTION 6.08. Unconditional Rights of Holders to Receive Payments. Notwithstanding any other provision in the Indenture, each Holder of any Note
shall have the right, which is absolute and unconditional, to receive payment of the principal, any interest on, and premium, if any, on such Note on the respective Stated Maturity Date, Maturity Date or redemption date thereof and to institute suit
for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 
  
 SECTION 6.09. Restoration of Rights and Remedies. If the Indenture Trustee or any Holder has instituted any proceeding to enforce any right or
remedy under the Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Indenture Trustee or to such Holder, then and in every such case the Trust, the Indenture Trustee and each such
Holder shall, subject to any determination in such proceeding, be restored severally and respectively to their former positions under the Indenture, and thereafter all rights and remedies of the Indenture Trustee and each such Holder shall continue
as though no such proceeding had been instituted. 
  
 SECTION
6.10. Rights and Remedies Cumulative. Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes in Section 2.08, no right or remedy in the Indenture conferred upon or
reserved to the Indenture Trustee or to each and every Holder is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy
given under the Indenture or now or hereafter existing at law or in equity 

  

 58 

 
or otherwise. The assertion or employment of any right or remedy under the Indenture, or otherwise, shall not prevent the concurrent assertion or employment
of any other appropriate right or remedy. 
  
 SECTION 6.11.
Delay or Omission Not Waiver. No delay or omission of the Indenture Trustee or of any Holder to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such right or
remedy accruing upon any Event of Default or an acquiescence therein. Every right and remedy given by this Article 6 or by law to the Indenture Trustee or to any Holder may be exercised from time to time, and as often as may be deemed
expedient, by the Indenture Trustee or by such Holder, as the case may be. 
  
 SECTION 6.12. Control by Holders. Holders, representing a majority of the aggregate principal amount of the Outstanding Notes, who provide the Indenture Trustee with indemnification satisfactory to the
Indenture Trustee, shall have the right to direct the time, method and place of conducting any proceedings for exercising any remedy available to the Indenture Trustee or exercising any trust or power conferred on the Indenture Trustee with respect
to the Notes, including with respect to the Collateral; provided, however, that (a) such direction shall not be in conflict with any rule of law or with the Indenture, (b) the Indenture Trustee may take any other action
deemed proper by the Indenture Trustee that is not inconsistent with such direction and (c) subject to the provisions of Section 7.01, the Indenture Trustee shall have the right to decline to follow any such direction if the
Indenture Trustee in good faith shall, by a Responsible Officer or Officers of the Indenture Trustee, determine that the proceeding so directed would involve the Indenture Trustee in personal liability. 
  
 SECTION 6.13. Waiver of Past Defaults. Notwithstanding anything in the
Indenture to the contrary, only Holders representing a majority of the aggregate principal amount of the Outstanding Notes may on behalf of the Holders of all the Notes waive any past Default with respect thereto and its consequences, except a
Default: 
  
 (a) in the payment of any principal, any interest
on, or premium, if any, on any Note, or 
  
 (b) in respect of a
covenant or provision of the Indenture that cannot be modified or amended without the consent of the Holder of each Outstanding Note. 
  
 Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of the Indenture
with respect to the Notes; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon. 
  
 SECTION 6.14. Undertaking for Costs. All parties to the Indenture agree, and each Holder, by acceptance of a Note, shall be deemed to have agreed
that, in any suit for the enforcement of any right or remedy under the Indenture, or in any suit against the Indenture Trustee for any action taken, suffered or omitted by it as Indenture Trustee, any court may in its discretion require the filing
by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable 

  

 59 

 
attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party
litigant; but the provisions of this Section 6.14 shall not apply to any suit instituted by the Indenture Trustee or any Agent, to any suit instituted by any Holder, or group of Holders, holding in the aggregate Notes representing more
than ten percent (10%) of the aggregate principal amount of the Outstanding Notes, or to any suit instituted by any Holder for the enforcement of the payment of any installment of interest on any Note on or after the Stated Maturity Date
thereof expressed in such Note or for the enforcement of the payment of any principal of such Note at the Stated Maturity Date therefor. 
  
 SECTION 6.15. Waiver of Stay or Extension Laws. The Trust covenants that it will not at any time insist upon, or plead, or in any manner whatsoever
claim or take the benefit or advantage of, any law wherever enacted, now or at any time hereafter in force, providing for any appraisement, valuation, stay, extension or redemption, which may affect the covenants in, or the performance of, the
Indenture; and the Trust hereby expressly waives all benefit or advantage of any such law, and covenants that it will not hinder, delay or impede the execution of any power granted in the Indenture to the Indenture Trustee, but will suffer and
permit the execution of every such power as though no such law had been enacted. 
  
 ARTICLE 7 
 THE INDENTURE TRUSTEE AND
OTHER AGENTS 
  
 SECTION 7.01.
Duties of Indenture Trustee. 
  
 (a) If an Event of
Default has occurred and is continuing, the Indenture Trustee shall exercise such of the rights and powers vested in it by the Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under
the circumstances in the conduct of his or her own affairs. 
  
 (b) Except during the continuance of an Event of Default, (i) the Indenture Trustee undertakes to perform only those duties that are specifically set forth in the Indenture and no others, and no implied covenants or obligations of the
Indenture Trustee shall be read into the Indenture, and (ii) in the absence of bad faith on its part, the Indenture Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon
certificates or opinions furnished to the Indenture Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the
Indenture Trustee, the Indenture Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of the Indenture. 
  
 (c) No provision of the Indenture shall be construed to relieve the Indenture Trustee or any Agent from liability for its
own negligent action, its own negligent failure to act, or its own bad faith or willful misconduct, except that: 
  
 (i) this Section 7.01(c) does not limit the effect of Section 7.01(b); 
  
 (ii) each of the Indenture Trustee and each Agent shall not
be liable for any error of judgment made in good faith by a Responsible Officer, unless it is proved that the Indenture Trustee or Agent, as the case may be, was negligent in ascertaining the pertinent facts; 
  

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 (iii) the Indenture Trustee shall not be liable with respect to any action it takes or
omits to take in good faith in accordance with the direction of Holders representing a majority of the aggregate principal amount of the Outstanding Notes or pursuant to Section 6.07 relating to the time, method and place of conducting
any proceeding for any remedy available to the Indenture Trustee, or exercising any trust or power conferred upon the Indenture Trustee, under the Indenture with respect to the Notes; and 
  
 (iv) no provision of the Indenture shall require the
Indenture Trustee or any Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties under the Indenture, or in the exercise of any of its rights or powers, if it shall have reasonable
grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. 
  
 (d) Whether or not therein expressly so provided, every provision of the Indenture relating to the conduct or affecting the liability of or affording
protection to the Indenture Trustee shall be subject to the provisions of this Section 7.01. 
  
 (e) The Indenture Trustee shall promptly upon its receipt thereof deliver to each Rating Agency (and in the case of (ii), (iii), (iv), (vi), (vii) or
(ix) to GELAAC) copies of each of the following: 
  
 (i) any notice of any Event of Default by any party under the Funding Agreement delivered by the Trust to the Indenture Trustee pursuant to paragraph (b) of Section 3.13; 
  
 (ii) any amendment or modification of the Trust Agreement
delivered by the Trust to the Indenture Trustee pursuant to paragraph (a) of Section 3.12; 
  
 (iii) any notice of any Default or Event of Default, together with any relevant Trust Certificate relating thereto, delivered by the Trust
to the Indenture Trustee pursuant to paragraph (b) of Section 3.13; 
  
 (iv) any supplemental indenture referred to in Section 8.01 or 8.02; 
  
 (v) any other information reasonably requested by any Rating
Agency; 
  
 (vi) any notice of change in the
identity of the Trust; 
  
 (vii) any notice of
change in the identity of the Indenture Trustee; 
  

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 (viii) any notice of adverse change in the priority status of the Funding Agreement as a
matter of the laws of the Commonwealth of Virginia; and 
  
 (ix) any notice of redemption delivered to the Indenture Trustee under Section 2.04. 
  
 The Indenture Trustee has agreed to give the foregoing notices to the Rating Agencies as a matter of courtesy and accommodation only and shall not be
liable to any Person for its failure to give any such notice. 
  
 (f) The Indenture Trustee shall, on behalf of the Trust, and to the extent that the relevant information shall be reasonably available to it, submit such reports or information as may be required from time to time in relation to the issue
of the Notes by applicable law, regulations and guidelines by governmental regulatory authorities as may be subsequently requested by the Trust and agreed to in writing between the Trust and the Indenture Trustee. 
  
 SECTION 7.02. No Liability to Invest. Neither the Indenture Trustee
nor the Agents shall be under any liability for interest on, or have any responsibility to invest, any monies received by it pursuant to any of the provisions of the Indenture or the Notes unless agreed in writing between the Trust and the Indenture
Trustee. 
  
 SECTION 7.03. Performance Upon Default. None
of the Agents shall have any duty or responsibility in case of any default by the Trust in the performance of its obligations (including, without limiting the generality of the foregoing, any duty or responsibility to accelerate all or any of the
Notes or to initiate or to attempt to initiate any proceedings at law or otherwise or to make any demand for the payment thereof upon the Trust). 
  
 SECTION 7.04. No Assumption by Paying Agent, Transfer Agent, Calculation Agent or Registrar. In acting under the Indenture and in connection with
the Notes, the Paying Agent, the Transfer Agent, the Calculation Agent and the Registrar shall act solely as agents of the Trust and will not thereby assume any obligations towards, or relationship of agency or trust for, any of the Holders.

  
 SECTION 7.05. Notice of Default. Within ninety
(90) days after a Responsible Officer of the Indenture Trustee becomes aware of the occurrence of any Default or Event of Default which is continuing, the Indenture Trustee shall transmit to the Trustee and GELAAC and all Holders of Notes
notice of each such Default or Event of Default known to the Indenture Trustee, unless such Default or Event of Default shall have been cured or waived; provided, however, that, except in the case of a Default of the kind described in
Section 6.01(a), (b), (c), (f) or (g) the Indenture Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of
directors and/or Responsible Officers of the Indenture Trustee in good faith determine that the withholding of such notice is in the interests of the Holders. 
  

SECTION 7.06. Rights of Indenture Trustee. Subject to the provisions of Section 7.01(c): 
  
 (a) The Indenture Trustee may conclusively rely on any document believed by
it in good faith to be genuine and to have been signed or presented by the proper Person. The Indenture Trustee need not investigate any fact or matter stated in the document. 
  

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 (b) Before the Indenture Trustee acts or refrains from acting, including in connection with the issuance
of the Notes pursuant to Section 2.02, it may require a Trust Certificate or an Opinion of Counsel or both, and the Indenture Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on any such
Trust Certificate or Opinion of Counsel, or upon any Trust Order, Trust Request or advice from financial or other advisors or consultants appointed with due care. 
  
 (c) The Indenture Trustee shall not be liable for any action it takes or omits to take in good faith that it believes to be
authorized or within its rights or powers. 
  
 (d) (i) The
Indenture Trustee may employ or consult with counsel, accountants, appraisers, agents or other experts or advisers of its selection and as it may reasonably require for the purpose of determining and discharging its rights and duties under the
Indenture and shall not be responsible for misconduct on the part of any such person appointed with due care. 
  
 (ii) The Indenture Trustee may conclusively act and rely and shall be protected in acting and relying in good faith on the opinion or
advice of or information obtained from any counsel, accountant, appraiser, agents or other expert or adviser, whether retained or employed by the Trust or by the Indenture Trustee or otherwise, in relation to any matter arising in the administration
of the trusts of the Indenture. 
  
 (e) The Indenture Trustee
shall be under no obligation to exercise any of the rights or powers vested in it by the Indenture at the request or direction of any of the Holders pursuant to the Indenture, unless such Holders shall have offered to the Indenture Trustee security
or indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction. 
  
 (f) The Indenture Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement,
instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Indenture Trustee, in its discretion, may make such further inquiry or investigation
into such facts or matters as it may see fit, and, if the Indenture Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Trust, personally or by agent or
attorney, with any reasonable costs related thereto to be paid by GELAAC pursuant to the applicable Expense and Indemnity Agreement, and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation.

  
 (g) The Indenture Trustee shall not be deemed to have notice
of any Default or Event of Default unless a Responsible Officer of the Indenture Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a default is received by a 

  

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Responsible Officer of the Indenture Trustee at the Corporate Trust Office of the Indenture Trustee from the Trustee, GELAAC or the Holders of at least 25%
in aggregate principal amount of the Notes, and such notice references the Notes and the Indenture and states that a Default or Event of Default has occurred. 
  

(h) Permissive powers granted to the Indenture Trustee under the Indenture shall not be construed to be mandatory duties on its part. 
  
 (i) The rights and protections afforded to the Indenture Trustee pursuant to
this Article 7 shall also be afforded to the Paying Agent, Calculation Agent, Registrar or Transfer Agent, or any successor or agent thereof. 
  
 (j) The Indenture Trustee shall have no liability for the actions or omissions of the Paying Agent, Registrar, Calculation Agent or Transfer Agent,
provided that such action or omission is not caused by the Indenture Trustee’s own negligence, bad faith or willful misconduct. 
  
 (k) The Indenture Trustee may execute any of the trusts or powers under the Indenture or perform any duties under the Indenture either directly or by or
through delegates, agents, attorneys, custodians or nominees, and the Indenture Trustee shall not be responsible for any misconduct or negligence on the part, or the supervision, of any agent, attorney, custodian or nominee appointed with due care.

  
 (l) The Indenture Trustee may request that the Trust deliver a
Trust Certificate setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to the Indenture, which Trust Certificate may be signed by any person authorized to sign a Trust
Certificate, including any person specified as so authorized in any such certificate previously delivered and not superseded. 
  
 (m) Any request or direction of the Trust mentioned in this Indenture shall be sufficiently evidenced by a Trust Request or a Trust Order or as otherwise
expressly provided herein. 
  
 SECTION 7.07. Not Responsible
for Recitals or Issuance of Notes. The recitals contained in the Indenture and in the Notes, except the certificates of authentication on the Notes, shall be taken as the statements of the Trust and neither the Indenture Trustee nor any Agent
assumes any responsibility for their correctness. Neither the Indenture Trustee nor any Agent makes any representations with respect to any Collateral or as to the validity, enforceability or sufficiency of the Indenture or of the Notes or of any
security interest created under the Indenture. Neither the Indenture Trustee nor any Agent shall be accountable for the use or application by the Trust of the Notes or the proceeds thereof or any money paid to the Trust or upon Trust Order pursuant
to the provisions of the Indenture. The Indenture Trustee shall not be responsible for perfecting or maintaining the perfection of any security interest granted to it hereunder or to file, re-file, record or re-record any financing statement,
continuation statement or other instrument in any public office at any time or times. 
  
 SECTION 7.08. Indenture Trustee May Hold Notes. The Indenture Trustee, in its individual or any other capacity, may become the owner or pledgee of Notes and, subject to 

  

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Section 7.11, Section 311(a) of the Trust Indenture Act, and Rule 3a-7 of the Investment Company Act, may otherwise deal with the Trust with
the same rights it would have if it were not Indenture Trustee. 
  
 SECTION 7.09. Money Held in Trust. Money held by the Indenture Trustee in trust under the Indenture need not be segregated from other funds except to the extent required by the Indenture or by law. The Indenture Trustee shall be
under no liability for interest on any money received by it under the Indenture and shall not invest such money, unless otherwise agreed to in writing and permitted by law. 
  
 SECTION 7.10. Compensation and Reimbursement. The Trust shall or, pursuant to the Expense and Indemnity Agreement,
cooperate with GELAAC in order to: 
  
 (a) pay the Indenture
Trustee, the Trustee, the Custodian and the Agents from time to time such compensation as shall be agreed upon in writing with the Indenture Trustee, the Trustee, the Custodian and the Agents for all services rendered by them hereunder and under the
other Program Documents (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 
  
 (b) except as otherwise expressly provided herein, reimburse the Indenture Trustee, the Trustee, the Custodian and the Agents upon their request for all
reasonable expenses, disbursements and advances incurred or made by them in accordance with any provision of the Indenture or the other Program Documents (including the compensation and the expenses and disbursements of their agents and counsel),
except any such expense, disbursement or advance as may be attributable to their negligence or bad faith; and 
  
 (c) indemnify each of the Indenture Trustee, the Trustee, the Custodian and the Agents and their agents for, and to hold them harmless against, any and
all loss, damage, claims, liability or expense, including taxes (other than taxes based upon, measured by or determined by their income), arising out of or in connection with the acceptance or administration of the trust or trusts hereunder,
including the costs and expenses of defending itself against any claims or liability in connection with the exercise or performance of any of its powers or duties hereunder, or in connection with enforcing the provisions of this Section, except to
the extent that such loss, damage, claim, liability or expense is due to its own negligence or bad faith. 
  
 The obligations of the Trust under this Section 7.10 shall survive the resignation or removal of the Indenture Trustee, the Agents, the
Trustee or the Custodian, as well as the satisfaction and discharge of the Indenture and the termination of the Indenture. 
  
 To secure the Trust’s obligations under this Section 7.10, each of the Indenture Trustee, the Trustee and the Custodian shall have a lien
prior to the Notes on all money or property held or collected by the Indenture Trustee, except that held in trust to pay principal or interest on particular Notes. Such lien shall survive the resignation or removal of the Indenture Trustee, the
Trustee or the Custodian, as well as the satisfaction and discharge of this Indenture and the termination of this Indenture. Nothing in this paragraph shall effect the priority granted to the Indenture Trustee and the Agents under
Section 6.06, clause first. Furthermore, the lien granted by this paragraph to the Indenture Trustee and the Agents shall be prior to the lien granted by this paragraph to the Trustee and the Custodian. 
  

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 Without prejudice to any other rights available to the Indenture Trustee under applicable law, when any
of the Indenture Trustee, the Trustee or the Custodian incurs expenses or renders services after an Event of Default specified in Section 6.01(f) or (g) occurs, the expenses and the compensation for the services (including
the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any bankruptcy law. 
  
 SECTION 7.11. Eligibility. The Trust agrees, for the benefit of the Holders, that there shall at all times be an Indenture Trustee under the
Indenture which shall be a corporation or national banking association organized and doing business under the laws of the United States, any state thereof or the District of Columbia, authorized under such law to exercise corporate trust powers,
having a combined capital and surplus of at least $50,000,000 subject to supervision or examination by federal or state authority and having a credit rating of BBB- or better by Standard & Poor’s Ratings Services, a division of the
McGraw-Hill Companies, Inc. or a credit rating of Baa3 or better by Moody’s Investors Service, Inc. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining
authority, then for the purposes of this Section 7.11, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition as published. If at
any time the Indenture Trustee shall cease to be eligible in accordance with the provisions of this Section 7.11, it shall resign immediately in the manner and with the effect specified in this Article 7. 
  
 Notwithstanding any provision of the Indenture to the contrary, the Indenture
Trustee also must meet the requirements set forth in Section 310 of the Trust Indenture Act, to the extent applicable. In addition, the Indenture Trustee, each successor Indenture Trustee and each Person appointed to act as co-trustee pursuant
to Section 7.15 must be a “United States person” within the meaning of Section 7701(a)(30) of the Code. 
  
 SECTION 7.12. Resignation and Removal; Appointment of Successor. 
  
 (a) No resignation or removal of the Indenture Trustee and no appointment of a successor Indenture Trustee pursuant to this
Section 7.12 shall become effective until the acceptance of appointment by the successor Indenture Trustee under Section 7.13. 
  
 (b) The Indenture Trustee may resign at any time by giving not less than sixty (60) days’ prior written notice thereof to the Trust and the
Holders of the Notes. If an instrument of acceptance by a successor Indenture Trustee shall not have been delivered to the Indenture Trustee within thirty (30) days after the giving of such notice of resignation, the resigning Indenture Trustee
may petition any court of competent jurisdiction at the expense of the Trust for the appointment of a successor Indenture Trustee and any and all amounts then due and owing to the retiring Indenture Trustee shall be paid in full. 
  
 (c) The Indenture Trustee may be removed at any time by an Act of Holders of
Notes representing a majority of the aggregate principal amount of the Outstanding Notes, delivered to the Indenture Trustee and to the Trust. If an instrument of acceptance by a successor 

  

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Indenture Trustee shall not have been delivered to the Indenture Trustee within thirty (30) days after the giving of such notice of removal, the
Indenture Trustee being removed may petition, at the expense of the Trust, any court of competent jurisdiction for the appointment of a successor Indenture Trustee with respect to the Notes and any and all amounts then due to the retiring Indenture
Trustee shall be paid in full. 
  
 (d) If at any time (i) the
Indenture Trustee shall cease to be eligible under Section 7.11 and shall fail to resign after written request by the Trust or any Holder (who has been a bona fide Holder of a Note for at least six months), (ii) shall become
incapable of acting or shall be adjudged as bankrupt or insolvent, or a receiver or liquidator of the Indenture Trustee or of its property shall be appointed, or any public officer shall take charge or control of the Indenture Trustee or of its
property or affairs for the purpose of rehabilitation, conservation or liquidation, or (iii) the Indenture Trustee shall fail to comply with the obligations imposed upon it under Section 310(b) of the Trust Indenture Act with respect to
the Notes after written request therefor by the Trust or any Holder who has been a bona fide Holder of a Note for at least six months, then (x) the Trust (except during the existence of an Event of Default) by a Trust Order may remove the
Indenture Trustee, or (y) subject to Section 6.14, any Holder who has been a bona fide Holder for at least six months may, on behalf of himself, herself or itself and all others similarly situated, petition any court of competent
jurisdiction for the removal of the Indenture Trustee and the appointment of a successor Indenture Trustee. 
  
 (e) If the Indenture Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of the Indenture Trustee
for any reason, the Trust, by a Trust Order, shall promptly appoint a successor Indenture Trustee and shall comply with the applicable requirements of Section 7.13. If, within one year after such resignation, removal or incapability or
the occurrence of such vacancy, a successor Indenture Trustee shall be appointed by Act of Holders of Notes representing a majority of the aggregate principal amount of the Outstanding Notes delivered to the Trust and the retiring Indenture Trustee,
the successor Trustee so appointed shall, upon its acceptance of such appointment in accordance with the applicable requirements of Section 7.13, become the successor Indenture Trustee and supersede the successor Indenture Trustee
appointed by the Trust. If no successor Indenture Trustee shall have been so appointed by the Trust or Holders and shall have accepted appointment in the manner provided in the Indenture, any Holder who has been a Holder for at least six months may
(subject to Section 6.14), on behalf of himself, herself or itself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Indenture Trustee. 
  
 (f) The Trust shall give notice of each resignation and each removal of the
Indenture Trustee and each appointment of a successor Indenture Trustee by mailing written notice of such event by first-class mail, postage prepaid, to the Holders of the Notes, if any, as their names and addresses appear in the Register. Each
notice shall include the name of the successor Indenture Trustee and the address of its Corporate Trust Office. 
  
 (g) Any successor Indenture Trustee shall satisfy all applicable requirements under the Indenture. 
  

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 SECTION 7.13. Acceptance of Appointment by Successor. 
  
 (a) Every successor Indenture Trustee appointed under the Indenture shall
execute, acknowledge and deliver to the Trust and the retiring Indenture Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Indenture Trustee shall become effective and such successor Indenture
Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Indenture Trustee. Notwithstanding the foregoing, on request of the Trust or the successor Indenture Trustee,
such retiring Indenture Trustee shall, upon payment of all amounts owed to it, execute and deliver an instrument transferring to such successor Indenture Trustee all the rights, powers and trusts of the retiring Indenture Trustee, and shall duly
assign, transfer and deliver to such successor Indenture Trustee all property and money held by such retiring Indenture Trustee under the Indenture. 
  
 (b) Upon request of any such successor Indenture Trustee, the Trust shall execute any and all instruments for more fully and certainly vesting in and
confirming to such successor Indenture Trustee all such rights, powers and trusts referred to in this Section 7.13, as the case may be. 
  
 (c) No successor Indenture Trustee shall accept its appointment unless at the time of such acceptance such successor Indenture Trustee shall be qualified
and eligible under this Article 7. 
  
 SECTION 7.14.
Merger, Conversion, Consolidation or Succession to Business of Indenture Trustee. Any corporation or national banking association into which the Indenture Trustee may be merged or converted or with which it may be consolidated, or any
corporation or national banking association resulting from any merger, conversion or consolidation to which the Indenture Trustee shall be a party, or any corporation or national banking association succeeding to all or substantially all of the
corporate trust business of the Indenture Trustee, shall be the successor of the Indenture Trustee under the Indenture, without the execution or filing of any paper or any further act on the part of any of the parties to the Indenture; provided,
however, that such corporation or national banking association shall be otherwise qualified and eligible under this Article 7. In case any Notes have been authenticated, but not delivered, by the Indenture Trustee then in office, any
successor by merger, conversion or consolidation to such authenticating Indenture Trustee may adopt such authentication and deliver the Notes so authenticated with the same effect as if such successor Indenture Trustee had authenticated such Notes.

  
 SECTION 7.15. Co-trustees. 
  
 (a) At any time or times, for the purpose of meeting the legal or regulatory
requirements of any jurisdiction in which any portion of any Collateral may at the time be located, the Trust and the Indenture Trustee shall have power to appoint, and, upon the written request of the Holders of Notes representing a majority of the
aggregate principal amount of the Outstanding Notes, the Trust shall for such purpose join with the Indenture Trustee in the execution, delivery and performance of all instruments and agreements necessary or proper to appoint one or more Persons
approved by the Indenture Trustee to act as co-trustee, jointly with the Indenture Trustee, of all or any part of the Collateral, with such powers as may be provided in the instrument of appointment, and to vest in such Person or Persons in the
capacity aforesaid, 

  

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any property, title, right or power deemed necessary or desirable, subject to the other provisions of this Section 7.15. If the Trust does not
join in such appointment within fifteen (15) days after the receipt by it of a request so to do, or in case an Event of Default has occurred and is continuing, the Indenture Trustee alone shall have power to make such appointment. 

 
 (b) Should any written instrument from the Trust be required by any
co-trustee so appointed for more fully confirming to such co-trustee such property, title, right or power, any and all such instruments shall, on request, be executed, acknowledged and delivered by the Trust. 
  
 (c) Every co-trustee shall, to the extent permitted by law, but to such
extent only, be appointed subject to the following terms: 
  
 (i) the Notes shall be authenticated and delivered and all rights, powers, duties and obligations under the Indenture in respect of the custody of securities, cash and other personal property held by, or required to
be deposited or pledged with, the Indenture Trustee under the Indenture, shall be exercised solely by the Indenture Trustee; 
  
 (ii) the rights, powers, duties and obligations conferred by the Indenture or imposed upon the Indenture Trustee shall be conferred or
imposed upon and exercised or performed by the Indenture Trustee or by the Indenture Trustee and such co-trustee jointly, as shall be provided in the instrument appointing such co-trustee, except to the extent that, under any law of any jurisdiction
in which any particular act is to be performed, the Indenture Trustee shall be incompetent or unqualified to perform such act, in which event such rights, powers, duties and obligations shall be exercised and performed by such co-trustee;

  
 (iii) the Indenture Trustee at any time, by
an instrument in writing executed by it, with the concurrence of the Trust evidenced by a Trust Request, may accept the resignation of or remove any co-trustee appointed under this Section 7.15, and, in case an Event of Default has
occurred and is continuing, the Indenture Trustee shall have power to accept the resignation of, or remove, any such co-trustee without the concurrence of the Trust. Upon the written request of the Indenture Trustee, the Trust shall join with the
Indenture Trustee in the execution, delivery and performance of all instruments and agreements necessary or proper to effectuate such resignation or removal. A successor to any co-trustee so resigned or removed may be appointed in the manner
provided in this Section 7.15; 
  
 (iv) no co-trustee under the Indenture shall be personally liable by reason of any act or omission of the Indenture Trustee or any other such trustee under the Indenture and the Indenture Trustee shall not be personally liable by reason of
any act or omission of any co-trustee under the Indenture; and 
  

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 (v) any Act of Holders delivered to the Indenture Trustee shall be deemed to have been
delivered to each such co-trustee. 
  
 SECTION 7.16.
Appointment and Duties of the Calculation Agent. 
  
 (a)
Unless the Paying Agent advises the Trust that it is unable to act as Calculation Agent, the Trust appoints the Paying Agent at its specified office as Calculation Agent in relation to the Notes in respect of which it is named as such in the Pricing
Supplement for the purposes specified in the Indenture and all matters incidental thereto. 
  
 (b) The Paying Agent accepts its appointment as Calculation Agent in relation to the Notes in respect of which it is named as such in the Pricing Supplement and shall perform all matters expressly to be performed by
it in, and otherwise comply with, the terms and conditions of the Notes and the provisions of the Indenture and, in connection therewith, shall take all such action as may be incidental thereto. The Paying Agent acknowledges and agrees that it shall
be named in the Pricing Supplement as Calculation Agent in respect of the Notes unless the Relevant Agents (or one of the Relevant Agents) through whom the Notes are issued has agreed with the Trust to act as Calculation Agent (in which case such
Relevant Agent or Agents shall be named as Calculation Agent in the Pricing Supplement). If the Calculation Agent is incapable or unwilling to perform its duties under the Indenture, the Indenture Trustee will appoint the Paying Agent or another
leading commercial bank to serve as Calculation Agent. Any resignation by or termination of a Calculation Agent shall not be effective until a successor Calculation Agent has been appointed. 
  
 (c) The Calculation Agent shall: 
  
 (i) obtain such quotes and rates and/or make such
determinations, calculations and adjustments as may be required under the Notes and provide notice of any applicable interest rate or determinations or periods with respect to the Notes to the Holders of the Notes upon their request and to the
Indenture Trustee, the Paying Agent, the Trust and GELAAC and if the Notes are listed on a stock exchange, and the rules of such exchange so require, such exchange as soon as possible after the Calculation Agent’s determination or calculation
of such interest rates or interest rate periods, but in no event later than the fourth (4th) Banking Day
thereafter, or earlier in the case of notification to a stock exchange, if the rules of such exchange so require; and 
  
 (ii) maintain a record of all quotations obtained by it and of all amounts, rates and other items determined or calculated by it and make
such record available for inspection at all reasonable times by the Trust, the Indenture Trustee, GELAAC and the Paying Agent. 
  
 (d) All determinations, calculations, quotes or rates of interest made or obtained by the Calculation Agent shall, in the absence of manifest errors, be
conclusive for all purposes and binding on the Holders of the Notes. 
  

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 SECTION 7.17. Changes in Agents. 
  
 (a) Any Agent may resign its appointment under the Indenture upon the expiration of not less than thirty
(30) days’ notice to that effect to the Trust (with a copy to the Indenture Trustee); provided, however, that any such notice which would otherwise expire within thirty (30) days before or after the Maturity Date or any
interest or other payment date of the Notes shall be deemed to expire on the thirtieth (30th) day following the
Maturity Date or, as the case may be, such interest or other payment date. 
  
 (b) The Trust may revoke its appointment of any Agent (such revocation to be with the consent of GELAAC, which consent shall not be unreasonably withheld) under the Indenture by giving not less than thirty
(30) days’ notice to the applicable Agent and the Indenture Trustee to that effect. 
  
 (c) The appointment of any Agent under the Indenture shall terminate forthwith if any of the following events or circumstances shall occur or arise, namely: such Agent becomes incapable of acting; such Agent is
adjudged bankrupt or insolvent; such Agent files a voluntary petition in bankruptcy or makes an assignment for the benefit of its creditors or consents to the appointment of a receiver, administrator or other similar official of all or any
substantial part of its property or admits in writing its inability to pay or meet its debts as they mature or suspends payment thereof; a resolution is passed or an order is made for the winding-up or dissolution of such Agent; a receiver,
administrator or other similar official of such Agent or of all or any substantial part of its property is appointed; an order of any court is entered approving any petition filed by or against such Agent under the provisions of any applicable
bankruptcy or insolvency law; or any public officer takes charge or control of such Agent or of its property or affairs for the purpose of rehabilitation, conservation or liquidation. 
  
 (d) The Trust may (and shall where necessary to comply with the terms and conditions of the Notes) appoint substitute or
additional agents (such appointment to be with the consent of GELAAC, which consent shall not be unreasonably withheld) in relation to the Notes and shall forthwith notify the other parties to the Indenture, whereupon the parties to the Indenture
and such substitute or additional agents shall thereafter have the same rights and obligations among them as would have been the case had they then entered into an agreement in the form mutatis mutandis of the Indenture. 
  
 (e) If any Agent gives notice of its resignation in accordance with this
Section 7.17, the provisions of paragraph (d) of Section 7.17 apply and by the tenth (10th) day before the expiration of such notice a successor to such Agent in relation to such Notes has not been appointed by the Trust, such Agent may itself, following such consultation with the Trust as may be practicable in the
circumstances, appoint as its successor any reputable and experienced bank or financial institution (which will ensure compliance with the terms and conditions of the Notes) and give notice of such appointment in accordance with the terms and
conditions of the Notes, whereupon the parties to the Indenture and such successor agent shall thereafter have the same rights and obligations among them as would have been the case had they then entered into an agreement in the form mutatis
mutandis of the Indenture. 
  
 (f) Upon any resignation or
revocation becoming effective under this Section 7.17, the relevant Agent shall: 
  
 (i) be released and discharged from its obligations under the Indenture; 
  

 71 

 (ii) repay to GELAAC such part of any fee paid to it as may be agreed between the
relevant Agent and GELAAC; 
  
 (iii) in the case
of the Paying Agent, deliver to the Trust and to the successor Paying Agent a copy, certified as true and up-to-date by an officer of the Paying Agent, of the records maintained by it in accordance with Section 3.04; 
  
 (iv) in the case of the Registrar, deliver to the Trust and
to the successor Registrar a copy, certified as true and up-to-date by an officer of such Registrar, of each of the Registers and other records maintained by it in accordance with Section 2.06; 
  
 (v) in the case of a Calculation Agent, deliver to the Trust
and to the successor Calculation Agent a copy, certified as true and up-to-date by an officer of such Calculation Agent, of the records maintained by it in accordance with Section 7.16; and 
  
 (vi) upon payment to it by GELAAC of all amounts owed to it,
forthwith transfer all moneys and papers (including any unissued Global Notes or Definitive Notes) held by it under the Indenture to its successor in that capacity and, upon appropriate notice, provide reasonable assistance to such successor for the
discharge by it of its duties and responsibilities under the Indenture. 
  
 (g) Any corporation into which any Agent may be merged or converted, any corporation with which any Agent may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which any Agent shall be a party or
any corporation succeeding to all or substantially all the corporate agency business of such Agent, shall, to the extent permitted by applicable law, be the successor to such Agent under the Indenture and in relation to the Notes without any further
formality, whereupon the parties to the Indenture and such successor agent shall thereafter have the same rights and obligations among them as would have been the case had they then entered into an agreement in the form mutatis mutandis of the
Indenture. Notice of any such merger, conversion, consolidation or asset transfer shall forthwith be given by such successor to the Trust and the other parties to the Indenture. 
  
 (h) If any Agent decides to change its specified office (which may only be effected within the same city) it shall give
notice to the Trust (with a copy to the Indenture Trustee and GELAAC) of the address of the new specified office stating the date on which such change is to take effect, which date shall be not less than thirty (30) days after the date of such
notice. 
  
 Upon the execution of the Indenture and thereafter
forthwith upon any change of the same, the Trust shall deliver to the Indenture Trustee (with a copy to the Paying Agent) a list of the Authorized Signatories of the Trust together with certified specimen signatures of the same. 
  

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 SECTION 7.18. Limitation of Trustee Liability. It is expressly understood and agreed by the
parties and by each Holder, by acceptance of a Note, that (a) the Indenture is executed and delivered by The Bank of New York, not individually or personally, but solely as trustee of the Trust, in the exercise of the powers and authority
conferred and vested in it, pursuant to the Trust Agreement, (b) each of the representations, undertakings and agreements in the Indenture made on the part of the Trust is made and intended not as personal representations, undertakings and
agreements by The Bank of New York, but is made and intended for the purpose of binding only the Trust, (c) nothing contained in the Indenture shall be construed as creating any liability on the part of The Bank of New York, individually or
personally, to perform any covenant either expressed or implied contained in the Indenture, all such liability, if any, being expressly waived by the parties to the Indenture and by any person claiming by, through or under the parties to the
Indenture, and (d) under no circumstances shall The Bank of New York be personally liable for the payment of any indebtedness or expenses of the Trust or be liable for the breach or failure of any obligation, representation, warranty or
covenant made or undertaken by the Trust under the Indenture or any other related documents. 
  
 ARTICLE 8 
 SUPPLEMENTAL INDENTURES 
  
 SECTION 8.01. Supplemental Indentures Without Consent of Holders.
Without notice to, or the consent of, any Holder, the Trust and the Indenture Trustee, at any time and from time to time, may enter into one or more indentures supplemental to the Indenture, in form satisfactory to the Indenture Trustee, for the
purpose of: 
  
 (a) curing any ambiguity or correcting or
supplementing any provision contained in the Indenture, in the Notes or in any supplemental indenture which may be defective or inconsistent with any other provision contained in the Indenture, the Notes, the Funding Agreement or any other Program
Documents, or making such other provision in regard to matters or questions arising under the Indenture, which, in each case, shall not materially adversely affect the interests of any Holder of the Notes (as evidenced by an Opinion of Counsel);

  
 (b) evidencing and providing for the acceptance of appointment
under the Indenture of a successor Indenture Trustee and to add or to change any of the provisions of the Indenture as shall be necessary to provide for or facilitate the administration of the Trust or of the Notes under the Indenture by more than
one trustee; 
  
 (c) adding to the covenants of the Trust or the
Indenture Trustee for the benefit of the Holders of the Notes or to surrender any right or power conferred in the Indenture on the Trust; 
  
 (d) adding any additional Events of Default; 
  
 (e) providing for the issuance of and establish the forms and terms and conditions of Notes as provided in Section 2.02; or 
  
 (f) establishing the form of any certifications required to be furnished
pursuant to the terms of the Indenture or of the Notes. 
  

 73 

 Notwithstanding any other provision, the Trust will not enter into any supplemental indenture with the
Indenture Trustee or permit the Indenture to be amended or modified if such supplemental indenture, amendment or modification would cause the Trust not to be ignored or treated as a grantor trust (assuming the Trust were not ignored) for United
States federal income tax purposes (as evidenced by an Opinion of Counsel). 
  
 SECTION 8.02. Supplemental Indenture With Consent of Holders. 
  
 (a) With the consent of the Holders of Notes representing a majority in aggregate principal amount of all Outstanding Notes affected by such supplemental
indenture, by Act of said Holders delivered to the Trust and the Indenture Trustee, the Trust and the Indenture Trustee may enter one or more indentures supplemental to the Indenture in a form satisfactory to the Indenture Trustee for the purpose of
adding any provisions to, or changing in any manner or eliminating any of the provisions of, the Indenture or of modifying in any manner the rights of the Holders of the Notes under the Indenture; provided, however, that no such
supplemental indenture shall, without the consent of the Holder of each Note affected thereby: 
  
 (i) change the Stated Maturity Date of the principal of, or the time of payment of interest on, any Note; 
  
 (ii) reduce the principal amount of, or the interest on, any
Note; 
  
 (iii) change any Place of Payment
where, or the coin or currency in which the principal, or interest on, any Note is payable; 
  
 (iv) impair or affect the right of any Holder to institute suit for the enforcement of any payment on or with respect to the Notes;

  
 (v) reduce the percentage of the aggregate
principal amount of the Outstanding Notes, the consent of the Holders of which is required for any such supplemental indenture, or the consent of the Holders of which is required for any waiver of compliance with provisions of the Indenture or
defaults thereunder and their consequences provided for in the Indenture; 
  
 (vi) modify any of the provisions of this Section 8.02 or similar provisions, except to increase any percentage specified in the Indenture or to provide that additional provisions of the Indenture cannot
be modified or waived without the consent of the Holder of each Outstanding Note affected thereby; 
  
 (vii) modify or alter the provisions of the definition of the term “Outstanding”; 
  
 (viii) modify or affect in any manner adverse to the
interest of any Holder the terms and conditions of the obligations of the Trust regarding the due and punctual payment of the principal of, or interest on, or any other amounts due with respect to, the Notes; or 
  

 74 

 (ix) permit the creation of any Lien ranking prior to or on a parity with the Lien of the
Indenture with respect to any part of any Collateral or terminate the Lien of the Indenture on any property held for the benefit and security of Holders at any time subject to the Indenture or deprive any Holder of the security afforded by the Lien
of the Indenture. 
  
 (b) The Indenture Trustee may receive and
conclusively rely upon an Opinion of Counsel stating whether or not any Notes would be affected by any supplemental indenture and any such opinion shall be conclusive upon all of the Holders of the Notes, whether theretofore or thereafter
authenticated and delivered under the Indenture. It shall not be necessary for any Act of Holders under this Section 8.02 to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall
approve the substance thereof. Promptly after the execution by the Trust and the Indenture Trustee of any supplemental indenture pursuant to this Section 8.02, the Indenture Trustee shall mail to the Holders of the Notes a notice setting
forth in general terms the substance of such supplemental indenture. Any failure of the Trust to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture. 
  
 (c) Notwithstanding any other provision, the Trust will not enter into any
supplemental indenture with the Indenture Trustee or permit the Indenture to be amended or modified if such supplemental indenture, amendment or modification would cause the Trust not to be ignored or treated as a grantor trust (assuming it were not
ignored) for United States federal income tax purposes (as evidenced by an Opinion of Counsel). 
  
 SECTION 8.03. Execution of Supplemental Indentures. In executing, or accepting the additional trusts created by, any supplemental indenture
permitted by this Article 8 or the modifications thereby of the trusts created by the Indenture, the Indenture Trustee shall be entitled to receive, and (subject to Section 7.01) shall be fully protected in relying upon, an
Opinion of Counsel and Trust Certificate stating that the execution of such supplemental indenture is authorized or permitted by the Indenture and that all conditions precedent to the execution of such supplemental indenture have been complied with.
The Indenture Trustee may, but shall not be obligated to, enter into any such supplemental indenture that affects the Indenture Trustee’s own rights, duties, indemnities or immunities under the Indenture or otherwise. 
  
 SECTION 8.04. Effect of Supplemental Indenture. Upon the execution of
any supplemental indenture under this Article 8, the Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of the Indenture for all purposes; and every Holder of a Note which has theretofore
been or thereafter authenticated and delivered under the Indenture shall be bound thereby. Further, the Trust shall be bound by any such supplemental indenture. 
  

SECTION 8.05. Reference in Notes to Supplemental Indentures. Notes authenticated and delivered after the execution of any supplemental indenture
pursuant to this Article 8 may, and if required by the Indenture Trustee shall, bear a notation in form approved by the Indenture Trustee as to any matter provided for in such supplemental indenture. If the Trust shall so determine, new Notes
so modified as to conform, in the opinion of the Indenture Trustee and the 

  

 75 

 
Trust, to any such supplemental indenture may be prepared and executed by the Trust and authenticated by the Indenture Trustee and delivered by the Indenture
Trustee in exchange for Outstanding Notes. 
  
 SECTION 8.06.
Conformity with Trust Indenture Act. Every supplemental indenture executed pursuant to this Article 8 shall conform to the requirements of the Trust Indenture Act as then in effect. 
  
 SECTION 8.07. Amendment to the Funding Agreement. 
  
 (a) Without notice to, or the consent of, any Holder, the Indenture Trustee,
at any time and from time to time, may enter into or consent to one or more amendments to the Funding Agreement, in form satisfactory to the Indenture Trustee, for the purpose of: 
  
 (i) curing any ambiguity or correcting or supplementing any provision contained in the Funding
Agreement which may be defective or inconsistent with any other provision contained in the Funding Agreement, the Indenture, the Notes or any other Program Documents, or making such other provisions in regard to matters or questions arising under
the Funding Agreement or the Indenture which shall not adversely affect the interests of any Holder of the Notes in any material respect; or 
  
 (ii) adding any additional Event of Default (as defined in the Funding Agreement) of GELAAC. 
  
 (b) With the consent of the Holders of Notes representing at least a majority
in aggregate principal amount of all Outstanding Notes affected by such amendment, by Act of said Holders delivered to the Trust and the Indenture Trustee, the Trust and the Indenture Trustee may enter one or more amendments to the Funding
Agreement; provided, however, that no such amendment shall, without the consent of the Holder of each Note affected thereby: 
  
 (i) change the Maturity Date (as defined in the Funding Agreement) of the principal of, or the time of payment of interest on, the Funding
Agreement; 
  
 (ii) reduce the principal amount
of, the interest on or any premium payable on, the Funding Agreement; 
  
 (iii) change any place of payment where, or the coin or currency in which the principal of, premium, if any, or interest on, the Funding Agreement is payable; 
  
 (iv) impair or affect the right of the Indenture Trustee or
the Trust to institute suit for the enforcement of any payment on or with respect to the Funding Agreement; or 
  
 (v) modify or affect in any manner adverse to the interest of the Trust or the Indenture Trustee the terms and conditions of the
obligations of GELAAC regarding the due and punctual payment of the principal of or interest on, or any other amounts due with respect to, the Funding Agreement. 
  

 76 

 (c) The Indenture Trustee may receive and conclusively rely upon an Opinion of Counsel stating whether or
not any Notes would be affected by any amendment of the Funding Agreement and any such opinion shall be conclusive upon all the Holders of the Notes, whether theretofore or thereafter authenticated and delivered hereunder. It shall not be
necessary for any Act of Holders under this Section to approve the particular form of any proposed amendment, but it shall be sufficient if such Act shall approve the substance thereof. Promptly after the execution by GELAAC, the Trust and
the Indenture Trustee of any amendment pursuant to this Section, the Indenture Trustee shall mail to the Holders of the Notes affected thereby a notice setting forth in general terms the substance of such amendment. Any failure of the
Indenture Trustee to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such amendment. 
  
 (d) Notwithstanding any other provision, the Trust and Indenture Trustee will not enter into any amendment to the Funding Agreement with GELAAC or
permit the Funding Agreement to be amended or modified if such amendment or modification would cause the Trust not to be ignored or treated as a grantor trust (assuming it were not disregarded) for United States federal income tax purposes
(as evidenced by an Opinion of Counsel). Furthermore, the Trust and the Indenture Trustee will not enter into any agreement or take any action which would cause the Trust to become required to be registered as an “investment company”, or
come under the “control” of an “investment company,” as such terms are defined in the Investment Company Act. 
  
 (e) The Indenture Trustee shall be entitled to receive and rely on an Opinion of Counsel as to whether any such amendment to the Funding Agreement
complies with the requirements of Section 8.07(a) or (b), if applicable, and any such opinion shall be conclusive on the Holders of the Notes. 
  
 ARTICLE 9 
 NON-RECOURSE PROVISIONS 
  
 SECTION 9.01. Nonrecourse Enforcement. Notwithstanding anything to the contrary contained in the Indenture or any Notes, none of GELAAC, its officers, directors, Affiliates, employees or agents, or the Trust or
any of the Trustee, the Trust Beneficial Owner, the Agents or any of their respective officers, directors, Affiliates, employees or agents (the “Nonrecourse Parties”) will be personally liable for the payment of any principal,
interest or any other sums at any time owing under the terms of the Notes. If any Event of Default shall occur with respect to the Notes, the right of the Holders of the Notes and the Indenture Trustee on behalf of such Holders in connection with a
claim on such Notes shall be limited solely to a proceeding against the Collateral. Neither such Holders nor the Indenture Trustee on behalf of such Holders will have the right to proceed against the Nonrecourse Parties or the assets held in any
other trust organized under the Program or otherwise, to enforce the Notes (except that to the extent they exercise their rights, if any, to seize or enforce the Funding Agreement, they may enforce the Funding Agreement against GELAAC, its
successors or assigns) or for any deficiency judgment remaining after foreclosure of any property included in the Collateral. 
  

 77 

 It is expressly understood and agreed that nothing contained in this Section 9.01 shall in
any manner or way constitute or be deemed a release of the debt or other obligations evidenced by the Notes or otherwise affect or impair the enforceability against the Trust of the liens, assignments, rights and security interests created by the
Indenture, the Collateral or any other instrument or agreement evidencing, securing or relating to the indebtedness or the obligations evidenced by the Notes. Nothing in this Section 9.01 shall preclude the Holders from foreclosing upon
any property included in the Collateral. 
  
 Holders may not seek
to enforce rights against the Trust (a) by commencing any recovery or enforcement proceedings against the Trust, (b) by applying to wind up the Trust, (c) otherwise than through the Indenture Trustee in its exercise of powers to
petition a court to appoint a receiver or administrator to the Trust or for the Collateral, (d) by making any statutory demand upon the Trust under applicable corporation law or (e) in any other manner except as may be provided in the
Indenture or in the Notes. 
  
 ARTICLE 10 
 MEETINGS OF HOLDERS OF NOTES 
  
 SECTION 10.01. Purposes for Which Meetings May be Called. A meeting of
Holders of Notes may be called at any time and from time to time pursuant to this Article 10 to make, give or take any request, demand, authorization, direction, notice, consent, waiver or other action provided by the Indenture to be made,
given or taken by the Holders of Notes. 
  
 SECTION 10.02.
Call, Notice and Place of Meetings. 
  
 (a) Unless
otherwise provided in the Notes, the Indenture Trustee may at any time call a meeting of Holders of the Notes for any purpose specified in Section 10.01, to be held at such time and at such place in New York City or such other place as
the Indenture Trustee shall determine. Notice of every meeting of Holders, setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall be given, in the manner provided in
Section 1.06, not less than twenty-one (21) nor more than 180 days prior to the date fixed for the meeting. 
  
 (b) In case at any time the Trust or the Holders of at least ten percent (10%) in principal amount of the Outstanding Notes shall have requested the
Indenture Trustee to call a meeting of Holders for any purpose specified in Section 10.01, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Indenture Trustee shall not have
mailed the notice of such meeting within twenty-one (21) days after receipt of such request or shall not thereafter proceed to cause the meeting to be held as provided in the Indenture, then the Trust or the Holders of Notes in the amount above
specified, as the case may be, may determine the time and the place in New York City and may call such meeting for such purposes by giving notice thereof as provided in paragraph (a) of this Section 10.02. 
  
 SECTION 10.03. Persons Entitled to Vote at Meetings. To be entitled to
vote at any meeting of Holders, a Person shall be (a) a Holder of one or more Outstanding Notes or (b) a Person appointed by an instrument in writing as proxy for a Holder or Holders of one or more Outstanding Notes by such Holder or
Holders. The only Persons who shall be entitled to be 

  

 78 

 
present or to speak at any meeting of Holders shall be the Persons entitled to vote at such meeting and their counsel, any representatives of the Indenture
Trustee and its counsel and any representatives of the Trust and its counsel. 
  
 SECTION 10.04. Quorum; Action. The Persons entitled to vote a majority in principal amount of the Outstanding Notes shall constitute a quorum for a meeting of Holders; provided, however, that if
any action is to be taken at such meeting with respect to a consent or waiver which the Indenture expressly provides may be given by the Holders of a majority in principal amount of the Outstanding Notes, the Persons entitled to vote a majority in
principal amount of the Outstanding Notes shall constitute a quorum. In the absence of a quorum within thirty (30) minutes after the time appointed for any such meeting, the meeting shall, if convened at the request of Holders, be dissolved. In
any other case the meeting may be adjourned for a period of not less than ten (10) days as determined by the chairman of the meeting prior to the adjournment of such meeting. In the absence of a quorum at any such adjourned meeting, such
adjourned meeting may be further adjourned for a period of not less than ten (10) days as determined by the chairman of the meeting prior to the adjournment of such adjourned meeting. Notice of the reconvening of any adjourned meeting shall be
given as provided in Section 10.02(a), except that such notice need be given only once not less than five (5) days prior to the date on which the meeting is scheduled to be reconvened. Notice of the reconvening of an adjourned
meeting shall state expressly the percentage, as provided above, of the principal amount of the Outstanding Notes which shall constitute a quorum. 
  
 Except as limited by Sections 8.02(a), 8.07(b), 6.02, 6.07(e) and 6.13, any resolution presented to a meeting or adjourned meeting duly reconvened
at which a quorum is present as aforesaid may be adopted only by the affirmative vote of the Holders of a majority in principal amount of the Outstanding Notes; provided, however, that, except as limited by Sections 8.02(a), 8.07(b), 6.02,
6.07(e) and 6.13, any resolution with respect to any consent or waiver which the Indenture expressly provides may be given by the Holders of a majority in principal amount of the Outstanding Notes may be adopted at a meeting or an adjourned
meeting duly convened and at which a quorum is present as aforesaid only by the affirmative vote of the Holders of a majority in principal amount of the Outstanding Notes; and provided, further, that, except as limited by
Section 8.02(a), 8.07(b), 6.02, 6.07(e) and 6.13, any resolution with respect to any request, demand, authorization, direction, notice, consent, waiver or other action which the Indenture expressly provides may be made, given or taken by
the Holders of a specified percentage, which is less than a majority in principal amount of the Outstanding Notes, may be adopted at a meeting or an adjourned meeting duly reconvened and at which a quorum is present as aforesaid by the affirmative
vote of the Holders of such specified percentage in principal amount of the Outstanding Notes. 
  
 Notwithstanding the preceding two paragraphs, any request, demand, authorization, direction, notice, consent, waiver or other action of Holders under the Indenture or the Notes may be embodied in and evidenced by one
or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing; and, except as otherwise expressly provided in the Indenture, such action shall become effective when such instrument or
instruments are delivered to the Indenture Trustee and, when it is expressly required, to the Trust. The percentage of principal amount of the Outstanding Notes held by the Holders delivering such instruments which is required to approve any such
action shall be the same as the percentage required for approval at a duly convened meeting of Holders. 
  

 79 

 Any resolution passed or decision taken at any meeting of Holders duly held or by duly executed
instrument in accordance with this Section 10.04 shall be binding on all Holders of the Notes, whether or not such Holders were present or represented at the meeting. 
  
 SECTION 10.05. Determination of Voting Rights; Conduct and Adjournment of Meetings. 
  
 (a) Notwithstanding any other provisions of the Indenture, the Indenture
Trustee may make such reasonable regulations as it may deem advisable for any meeting of Holders in regard to proof of the holding of Notes and of the appointment of proxies and in regard to the appointment and duties of inspectors of votes, the
submission and examination of proxies, certificates and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall deem appropriate. Except as otherwise permitted or required by any such
regulations, the holding of Notes shall be proved in the manner specified in Section 1.04 and the appointment of any proxy shall be proved in the manner specified in Section 1.04. Such regulations may provide that written
instruments appointing proxies, regular on their face, may be presumed valid and genuine without the proof specified in Section 1.04 or other proof. 
  

(b) The Indenture Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called by
the Trust or by Holders as provided in Section 10.02(b), in which case the Trust or the Holders calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman and a permanent secretary of
the meeting shall be elected by vote of the Persons entitled to vote a majority in principal amount of the Outstanding Notes represented at the meeting. 
  
 (c) At any meeting, each Holder or proxy shall be entitled to one vote for each $1,000 of principal amount of Notes held or represented by him, her or it;
provided, however, that no vote shall be cast or counted at any meeting in respect of any Note challenged as not Outstanding and ruled by the chairman of the meeting to be not Outstanding. The chairman of the meeting shall have no right to vote,
except as a Holder or proxy. 
  
 (d) Notwithstanding any other
provision in the Indenture to the contrary, any meeting of Holders duly called pursuant to Section 10.02 at which a quorum is present may be adjourned from time to time by Persons entitled to vote a majority in principal amount of the
Outstanding Notes represented at the meeting; and the meeting may be held as so adjourned without further notice. 
  
 SECTION 10.06. Counting Votes and Recording Action of Meetings. The vote upon any resolution submitted to any meeting of Holders shall be by
written ballots on which shall be subscribed the signatures of the Holders or of their representatives by proxy and the principal amounts and serial numbers of the Outstanding Notes held or represented by them. The permanent chairman of the meeting
shall appoint two inspectors of votes who shall count all 

  

 80 

 
votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their verified written reports in
triplicate of all votes cast at the meeting. A record, at least in triplicate, of the proceedings of each meeting of Holders shall be prepared by the secretary of the meeting and there shall be attached to said record the original reports of the
inspectors of votes on any vote by ballot taken thereat and affidavits by one or more persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing that said notice was given as provided in
Section 10.02 and, if applicable, Section 10.04. Each copy shall be signed and verified by the affidavits of the permanent chairman and secretary of the meeting and one such copy shall be delivered to the Trust, and another
to the Indenture Trustee to be preserved by the Indenture Trustee, the latter to have attached thereto the ballots voted at the meeting. Any record so signed and verified shall be conclusive evidence of the matters therein stated. 
  
 ARTICLE 11 
 NOTES IN FOREIGN CURRENCIES 
  
 SECTION 11.01. Notes in Foreign Currencies. In the absence of any provision to the contrary in the form of Notes, whenever the Indenture provides
for (i) any action by, or the determination of any of the rights of, the Holders of Notes if not all of the Notes are denominated in the same currency, or (ii) any distribution to the Holders of Notes of any amount in respect of any Note
denominated in a currency other than U.S. Dollars, then all foreign denominated Notes shall be treated for any such action, determination of rights or distribution as that amount of U.S. Dollars that could be obtained for such amount on such
reasonable basis of exchange and as of the Regular Record Date with respect to such Notes for such action, determination of rights or distribution (or, if there shall be no applicable Regular Record Date, such other date reasonably proximate to the
date of such action, determination of rights or distribution) as the Trust may specify in a written notice to the Indenture Trustee or, in the absence of such written notice, as the Indenture Trustee may determine. 
  

 81 

 EXHIBIT A-1 
  
 Form of Retail Global Note 
  
 THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE (HEREINAFTER DEFINED) AND IS REGISTERED IN THE NAME OF A DEPOSITARY (AS
DEFINED IN THE INDENTURE) OR A NOMINEE OF A DEPOSITARY. THIS NOTE IS NOT EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO
TRANSFER OF THIS NOTE (OTHER THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED EXCEPT IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
  
 UNLESS THIS NOTE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST (HEREINAFTER DEFINED) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND UNLESS ANY CERTIFICATE ISSUED IS REGISTERED
IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
  

 A-1-1 

			
	CUSIP No.:	 	Principal Amount: U.S. $[•]

  
 GENWORTH GLOBAL
FUNDING TRUST • 
 GENWORTH DIRECTNOTESSM 
  

			
	 Original Issue Date:
 Issue Price:
 Stated Maturity Date:
 Settlement Date:
 Securities Exchange Listing: [    ] Yes [    ] No. If yes, indicate name(s) of Securities Exchange(s):
                                        
                    .
 Depositary:
 Authorized Denominations:
 Collateral held in the Trust: GE Life and Annuity
Assurance Company Funding Agreement No. •, all proceeds of the Funding Agreement and all amounts and instruments on deposit from time     to time in the related collection account and all books and
    records pertaining to the foregoing.
 Interest Rate or Formula:
 Fixed Rate Notes: [    ] Yes [    ] No. If yes,
 Interest
Rate:
 Interest Payment Frequency:
 Interest Payment Dates:
 Day Count Convention:
 Additional/Other Terms:
 Discount Notes:
[    ] Yes [    ] No. If yes,
 Total Amount of Discount:
 Initial Accrual Period of Discount:
 Interest Payment Dates:
 Additional/Other Terms:
 Redemption Provisions: [    ] Yes [    ] No. If yes,
 Initial
Redemption Date:
 Additional/Other Terms:
 Repayment Provisions: [    ] Yes [    ] No. If yes,
 Repayment Date(s):
 Repayment Price:
 Additional/Other
Terms:
	  	 Floating Rate Note: [    ] Yes [    ] No. If yes,
 Floating Rate Notes [    ]
 Floating Rate/Fixed Rate Notes [    ]
 Fixed Rate/Floating Rate Notes [    ]

Inverse Floating Rate Notes [    ]
 Interest Rate Basis(es):
 LIBOR [    ]
 [    ] LIBOR Reuters:
 [    ] LIBOR Moneyline Telerate:
 LIBOR Currency:
 CMT Rate [    ]
 Designated CMT Moneyline Telerate Page:
 If Telerate Page 7052:
 [    ] Weekly Average
 [    ] Monthly Average
 Designated CMT Maturity Index:
 CD
Rate [    ]
 Commercial Paper Rate [    ]
 Prime Rate [    ]
 Treasury Rate [    ]
 Index Maturity:
 Spread and/or Spread Multiplier:
 Initial Interest Rate, if any:
 Initial Interest Reset Date:
 Interest Reset Dates:
 Interest
Determination Date(s):
 Interest Payment Dates:
 Maximum Interest Rate, if any:
 Minimum Interest Rate, if any:
 Fixed Rate Commencement Date, if any:
 Floating Rate Commencement Date, if any:
 Fixed Interest Rate, if any:
 Day Count Convention:
 Additional/Other Terms:
 Regular Record Date(s):
 Sinking Fund:
 Calculation Agent, if any:
 Additional/Other Terms:
 Survivor’s Option: [    ] Yes [    ] No.
 If yes, the attached Survivor’s Option Rider is incorporated into this Note.
 Trust Put Limitation:

  
 The Genworth Global
Funding Trust designated above (the “Trust”), for value received, hereby promises to pay to Cede & Co., or its registered assigns, the Principal Amount specified above on the Stated Maturity Date specified above and, if so
specified above, to pay interest thereon from the Original Issue Date specified above or from the most recent Interest Payment Date specified above to which interest has been paid or duly provided for at the rate per annum determined in accordance
with the provisions on the reverse hereof and as specified above, until the principal hereof is paid or made available for payment. Payments of principal, premium, if any, and interest hereon will be made in the lawful currency of the United States
of America (“U.S. Dollars” or “United States Dollars”). The “Principal Amount” of this Note at any time means (1) if this Note is a Discount Note (as hereinafter defined), the Amortized Face Amount (as hereinafter
defined) at such time and (2) in all other cases, the Principal Amount hereof. 

  

 A-1-2 

 
Capitalized terms not otherwise defined herein shall have their meanings set forth in the Indenture, dated as of the Original Issue Date (the
“Indenture”), between JPMorgan Chase Bank, N.A., as the indenture trustee (the “Indenture Trustee”), and the Trust, or on the face hereof. 
  

This Note will mature on the Stated Maturity Date, unless its principal (or any installment of its principal) becomes due and payable prior to the
Stated Maturity Date, whether, as applicable, by the declaration of acceleration of maturity, notice of redemption by the Trust or otherwise (the Stated Maturity Date or any date prior to the Stated Maturity Date on which this Note becomes due and
payable, as the case may be, is referred to as the “Maturity Date”). 
  
 A “Discount Note” is any Note that has an Issue Price that is less than 100% of the Principal Amount thereof by more than a percentage equal to the product of 0.25% and the number of full years to the Stated
Maturity Date. 
  
 Unless otherwise specified above, the interest
payable on each Interest Payment Date or the Maturity Date will be the amount of interest accrued from and including the Original Issue Date or from and including the last Interest Payment Date to which interest has been paid or duly provided for,
as the case may be, to, but excluding, such Interest Payment Date or the Maturity Date, as the case may be. 
  
 Unless otherwise specified above, the interest payable on any Interest Payment Date will be paid to the Person that was the Holder on the Regular Record
Date for such Interest Payment Date, which Regular Record Date shall be the fifteenth (15th) calendar day,
whether or not a Business Day, immediately preceding the related Interest Payment Date; provided that, notwithstanding any provision of the Indenture to the contrary, interest payable on any Maturity Date shall be payable to the Person to
whom principal shall be payable; and provided, further, that unless otherwise specified above, in the case of a Note initially issued between a Regular Record Date and the Interest Payment Date relating to such Regular Record Date, interest
for the period beginning on the Original Issue Date and ending on such Interest Payment Date shall be paid on the Interest Payment Date following the next succeeding Regular Record Date to the Holder on such next succeeding Regular Record Date.

  
 Payments of principal and premium, if any, and interest and
other amounts due and owing, if any, will be made through the Indenture Trustee to the account of DTC or its nominee and will be made in accordance with depositary arrangements with DTC. 
  
 Unless otherwise specified on the face hereof, the Holder hereof will not be obligated to pay any administrative costs
imposed by banks in making payments in immediately available funds by the Trust. Any tax assessment or governmental charge imposed upon payments hereunder, including, without limitation, any withholding tax, will be borne by the Holder hereof.

  
 REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS
NOTE SET FORTH ON THE REVERSE HEREOF. SUCH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH AT THIS PLACE. 
  

 A-1-3 

 Unless the certificate of authentication hereon shall have been executed by the Indenture Trustee
pursuant to the Indenture, this Note shall not be entitled to any benefit under such Indenture or be valid or obligatory for any purpose. 
  

 A-1-4 

 IN WITNESS WHEREOF, the Trust has caused this instrument to be duly executed, by manual or facsimile
signature. 
  

					
	 	 	THE GENWORTH GLOBAL FUNDING TRUST
	 	 	            SPECIFIED ON THE FACE OF THIS NOTE
		
	Dated:	 	By: The Bank of New York, not in its
	 	 	individual capacity but solely as Trustee.
			
	 	 	By:	 	  

	 	 	 	 	Authorized Officer

  
 CERTIFICATE OF
AUTHENTICATION 
  
 This is one of the Notes of the Genworth Global
Funding Trust specified on the face of this Note referred to in the within-mentioned Indenture. 
  

					
	 	 	 JPMORGAN CHASE BANK, N.A.,
             as Indenture Trustee

	Dated:	 	 
	 	 	By:	 	  

	 	 	 	 	Authorized Officer

  

 A-1-5 

 [REVERSE FORM OF NOTE] 
  
 Section 1. General. This Note is one of a duly authorized issue of Notes of the Trust. The Notes are issued pursuant to
the Indenture. 
  
 Section 2. Currency. This Note
is denominated in, and payments of principal, premium, if any, and/or interest, if any, will be made in U.S. Dollars. 
  
 Section 3. Determination of Interest Rate and Certain Other Terms. 
  
 (a) Fixed Rate Notes. If this Note is specified on the face hereof as
a “Fixed Rate Note”: 
  
 (i) This Note will bear
interest at the rate per annum specified on the face hereof. Interest on this Note will be computed on the basis of a 360-day year of twelve 30-day months. 
  
 (ii) Unless otherwise specified on the face hereof, the Interest Payment Dates for this Note will be as follows: 
  

			
	 Interest Payment Frequency

	 	 Interest Payment Dates

	 Monthly
	 	Fifteenth day of each calendar month, beginning in the first calendar month following the month this Note was issued.
		
	 Quarterly
	 	Fifteenth day of each March, June, September and December, beginning on the first such date following the date this Note was issued.
		
	 Semi-annual
	 	Fifteenth day of the two months of each year specified on the face hereof, beginning on the first such date following the date this Note was issued.
		
	 Annual
	 	Fifteenth day of the month of each year specified on the face hereof, beginning on the first such date following the date this Note was issued.

  
 (iii) Unless otherwise
specified on the face hereof, if any Interest Payment Date or the Maturity Date of this Note falls on a day that is not a Business Day, the Trust will make the required payment of principal, premium, if any, and/or interest or other amounts on the
next succeeding Business Day, and no additional interest will accrue in respect of the payment made on that next succeeding Business Day. 
  

 A-1-6 

 (b) Floating Rate Notes. If this Note is specified on the face hereof as a “Floating Rate
Note”: 
  
 (i) Interest Rate Basis. As specified on
the face hereof, interest on this Note will be determined by reference to the applicable Interest Rate Basis or Interest Rate Bases, which may, as described below, include the CD Rate, the CMT Rate, the Commercial Paper Rate, LIBOR, the Prime Rate
or the Treasury Rate (each as defined below). 
  
 (ii)
Effective Rate. The rate derived from the applicable Interest Rate Basis or Interest Rate Bases will be determined in accordance with the related provisions below. The interest rate in effect on each day will be based on: (1) if that day
is an Interest Reset Date, the rate determined as of the Interest Determination Date immediately preceding that Interest Reset Date; or (2) if that day is not an Interest Reset Date, the rate determined as of the Interest Determination Date
immediately preceding the most recent Interest Reset Date. 
  
 (iii) Spread; Spread Multiplier; Index Maturity. The “Spread” is the number of basis points (one one-hundredth of a percentage point) specified on the face hereof to be added to or subtracted from the related Interest Rate
Basis or Interest Rate Bases applicable to this Note. The “Spread Multiplier” is the percentage specified on the face hereof of the related Interest Rate Basis or Interest Rate Bases applicable to this Note by which the Interest Rate Basis
or Interest Rate Bases will be multiplied to determine the applicable interest rate. The “Index Maturity” is the period to maturity of the instrument or obligation with respect to which the related Interest Rate Basis or Interest Rate
Bases will be calculated. 
  
 (iv) Floating Rate Note.
Unless this Note is specified on the face hereof as a Floating Rate/Fixed Rate Note or a Fixed Rate/Floating Rate Note, this Note (a “Floating Rate Note”) will bear interest at the rate determined by reference to the applicable Interest
Rate Basis or Interest Rate Bases: (1) plus or minus the applicable Spread, if any; and/or (2) multiplied by the applicable Spread Multiplier, if any; provided, however, that the interest on this Note will not be less than
zero. Commencing on the first Interest Reset Date, the rate at which interest on this Floating Rate Note is payable will be reset as of each Interest Reset Date; provided, however, that the interest rate in effect for the period, if any, from
the Original Issue Date to the first Interest Reset Date will be the Initial Interest Rate. 
  
 (v) Floating Rate/Fixed Rate Notes. If this Note is specified on the face hereof as a “Floating Rate/Fixed Rate Note”, this Note will bear interest at the rate determined by reference to the
applicable Interest Rate Basis or Interest Rate Bases: (1) plus or minus the applicable Spread, if any; and/or (2) multiplied by the applicable Spread Multiplier, if any; provided, however, that interest on this Note will not
be less than zero. Commencing on the first Interest Reset Date, the rate at which this Floating Rate/Fixed Rate Note is payable will be reset as of each Interest Reset Date; provided, however, that: (A) the interest rate in effect for
the period, if any, from the Original Issue Date to the first Interest Reset Date will be the Initial Interest Rate specified on the face hereof; and (B) the interest rate in effect commencing on the Fixed Rate Commencement Date will be the
Fixed Interest Rate, if specified on the face hereof, or, if not so specified, the interest rate in effect on the day immediately preceding the Fixed Rate Commencement Date. 
  

 A-1-7 

 (vi) Fixed Rate/Floating Rate Notes. If this Note is specified on the face hereof as a “Fixed
Rate/Floating Rate Note”, this Note will bear interest at the rate per annum specified on the face hereof as the Fixed Interest Rate; provided, however, that commencing on the Floating Rate Commencement Date, this Note will bear interest
at the rate determined by reference to the applicable Interest Rate Basis or Interest Rate Bases: (1) plus or minus the applicable Spread, if any; and/or (2) multiplied by the applicable Spread Multiplier, if any; provided,
however, that interest on this Note will not be less than zero. Commencing on the first Interest Reset Date, the rate at which this Fixed Rate/Floating Rate Note is payable will be reset as of each Interest Reset Date. 
  
 (vii) Interest Reset Dates. The period between Interest Reset Dates
will be the “Interest Period.” Unless otherwise specified on the face hereof, the Interest Reset Dates will be, in the case of this Floating Rate Note if by its terms it resets: (1) daily—each business day;
(2) weekly—the Wednesday of each week, with the exception of any weekly reset Floating Rate Note as to which the Treasury Rate is an applicable Interest Rate Basis, which will reset the Tuesday of each week; (3) monthly—the
fifteenth day of each calendar month; (4) quarterly—the fifteenth day of March, June, September and December of each year; (5) semi-annually—the fifteenth day of the two months of each year specified on the face hereof; and
(6) annually—the fifteenth day of the month of each year specified on the face hereof; provided, however, that, with respect to a Floating Rate/Fixed Rate Note, the rate of interest thereon will not reset after the particular Fixed
Rate Commencement Date. If any Interest Reset Date for this Floating Rate Note would otherwise be a day that is not a Business Day, the particular Interest Reset Date will be postponed to the next succeeding Business Day, except that in the case of
a Floating Rate Note as to which LIBOR is an applicable Interest Rate Basis and that Business Day falls in the next succeeding calendar month, the particular Interest Reset Date will be the immediately preceding Business Day. 
  
 (viii) Interest Determination Dates. Unless otherwise specified on
the face hereof, the interest rate applicable to a Floating Rate Note for an Interest Period commencing on the related Interest Reset Date will be determined by reference to the applicable Interest Rate Basis as of the particular “Interest
Determination Date”, which will be: (1) with respect to the Commercial Paper Rate and the Prime Rate—the Business Day immediately preceding the related Interest Reset Date; (2) with respect to the CD Rate and the CMT
Rate—the second Business Day preceding the related Interest Reset Date; (3) with respect to LIBOR—the second London Banking Day (as defined below) preceding the related Interest Reset Date; and (4) with respect to the Treasury
Rate—the day of the week in which the related Interest Reset Date falls on which day Treasury Bills (as defined below) are normally auctioned (i.e., Treasury Bills are normally sold at auction on Monday of each week, unless that day is a legal
holiday, in which case the auction is normally held on the following Tuesday, except that the auction may be held on the preceding Friday); 

  

 A-1-8 

 
provided, however, that if an auction is held on the Friday of the week preceding the related Interest Reset Date, the Interest Determination Date
will be the preceding Friday. Unless otherwise specified on the face hereof, the Interest Determination Date pertaining to a Floating Rate Note, the interest rate of which is determined with reference to two or more Interest Rate Bases, will be the
latest Business Day which is at least two Business Days before the related Interest Reset Date for the applicable Floating Rate Note on which each Interest Reset Basis is determinable. “London Banking Day” means a day on which commercial
banks are open for business (including dealings in the LIBOR Currency as hereinafter defined) in London. 
  
 (ix) Calculation Dates. The interest rate applicable to each Interest Period will be determined by the Calculation Agent on or prior to the
Calculation Date (as defined below), except with respect to LIBOR, which will be determined on the particular Interest Determination Date. Upon request of the Holder of a Floating Rate Note, the Calculation Agent will disclose the interest rate then
in effect and, if determined, the interest rate that will become effective as a result of a determination made for the next succeeding Interest Reset Date with respect to such Floating Rate Note. The “Calculation Date”, if applicable,
pertaining to any Interest Determination Date will be the earlier of: (1) the tenth calendar day after the particular Interest Determination Date or, if such day is not a Business Day, the next succeeding Business Day; or (2) the Business
Day immediately preceding the applicable Interest Payment Date or the Maturity Date, as the case may be. 
  
 (x) Maximum or Minimum Interest Rate. If specified on the face hereof, this Note may have either or both of a Maximum Interest Rate or a Minimum
Interest Rate. If a Maximum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever exceed such Maximum Interest Rate and in the event that the interest rate on any Interest Reset Date would exceed such Maximum
Interest Rate (as if no Maximum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Maximum Interest Rate. If a Minimum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever
be less than such Minimum Interest Rate and in the event that the interest rate on any Interest Reset Date would be less than such Minimum Interest Rate (as if no Minimum Interest Rate were in effect) then the interest rate on such Interest Reset
Date shall be the Minimum Interest Rate. Notwithstanding anything to the contrary contained herein, the interest rate on a Floating Rate Note shall not exceed the maximum interest rate permitted by applicable law. 
  
 (xi) Interest Payments. Unless otherwise specified on the face
hereof, the Interest Payment Dates will be, in the case of a Floating Rate Note which resets: (1) daily, weekly or monthly—the fifteenth day of each calendar month; (2) quarterly—the fifteenth day of March, June, September and
December of each year; (3) semi-annually—the fifteenth day of the two months of each year specified on the face hereof; and (4) annually—the fifteenth day of the month of each year as specified on the face hereof. In addition,
the Maturity Date will also be an Interest Payment Date. If any Interest Payment Date other than the Maturity Date for this Floating Rate Note would otherwise be a day that is not a Business Day, such Interest Payment Date will 

  

 A-1-9 

 
be postponed to the next succeeding Business Day, except that in the case of a Floating Rate Note as to which LIBOR is an applicable Interest Rate Basis and
that Business Day falls in the next succeeding calendar month, the particular Interest Payment Date will be the immediately preceding Business Day. If the Maturity Date of a Floating Rate Note falls on a day that is not a Business Day, the Trust
will make the required payment of principal, premium, if any, and interest, if any, or other amounts on the next succeeding Business Day, and no additional interest will accrue in respect of the payment made on that next succeeding Business Day.

  
 (xii) Rounding. Unless otherwise specified on the face
hereof, all percentages resulting from any calculation on this Floating Rate Note will be rounded to the nearest one hundred-thousandth of a percentage point, with five one-millionths of a percentage point rounded upwards. All dollar amounts used in
or resulting from any calculation on this Floating Rate Note will be rounded to the nearest cent. 
  
 (xiii) Interest Factor. With respect to this Floating Rate Note, accrued interest is calculated by multiplying the principal amount of such Note by
an accrued interest factor. The accrued interest factor is computed by adding the interest factor calculated for each day in the particular Interest Period. Unless otherwise specified on the face hereof, the interest factor for each day will be
computed by dividing the interest rate applicable to such day by 360, in the case of a Floating Rate Note as to which the CD Rate, the Commercial Paper Rate, LIBOR or the Prime Rate is an applicable Interest Rate Basis, or by the actual number of
days in the year, in the case of a Floating Rate Note as to which the CMT Rate or the Treasury Rate is an applicable Interest Rate Basis. The interest factor for a Floating Rate Note as to which the interest rate is calculated with reference to two
or more Interest Rate Bases will be calculated in each period in the same manner as if only the applicable Interest Rate Basis specified above applied. 
  
 (xiv) Determination of Interest Rate Basis. The Calculation Agent shall determine the rate derived from each Interest Rate Basis in accordance with
the following provisions: 
  
 (A) CD Rate Notes. If the
Interest Rate Basis is the CD Rate, this Note shall be deemed a “CD Rate Note.” Unless otherwise specified on the face hereof, “CD Rate” means: (1) the rate on the particular Interest Determination Date for negotiable United
States Dollar certificates of deposit having the Index Maturity specified on the face hereof as published in H.15(519) (as defined below) under the caption “CDs (secondary market)”; or (2) if the rate referred to in clause (1) is
not so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the particular Interest Determination Date for negotiable United States Dollar certificates of deposit of the particular Index Maturity as published in
H.15 Daily Update (as defined below), or other recognized electronic source used for the purpose of displaying the applicable rate, under the caption “CDs (secondary market)”; or (3) if the rate referred to in clause (2) is not
so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the particular Interest Determination Date calculated by the Calculation Agent as 

  

 A-1-10 

 
the arithmetic mean of the secondary market offered rates as of 10:00 A.M., New York City time, on that Interest Determination Date, of three leading
non-bank dealers in negotiable United States Dollar certificates of deposit in New York City (which may include the purchasing agent or its affiliates) selected by the Calculation Agent for negotiable United States Dollar certificates of deposit of
major United States money market banks for negotiable United States certificates of deposit with a remaining maturity closest to the particular Index Maturity in an amount that is representative for a single transaction in that market at that time;
or (4) if the dealers so selected by the Calculation Agent are not quoting as mentioned in clause (3), the CD Rate in effect on the particular Interest Determination Date. “H.15(519)” means the weekly statistical release designated as
H.15(519), or any successor publication, published by the Board of Governors of the Federal Reserve System. “H.15 Daily Update” means the daily update of H.15(519), available through the world-wide-web site of the Board of Governors of the
Federal Reserve System at http://www.federalreserve.gov/releases/H15/ update, or any successor site or publication. 
  
 (B) CMT Rate Notes. If the Interest Rate Basis is the CMT Rate, this Note shall be deemed a “CMT Rate Note.” Unless otherwise specified
on the face hereof, “CMT Rate” means: 
  
 (1) if CMT Moneyline Telerate Page 7051 is specified on the face hereof: 
  

	 	i.	the percentage equal to the yield for United States Treasury securities at “constant maturity” having the Index Maturity specified on the face hereof as published in
H.15(519) under the caption “Treasury Constant Maturities”, as the yield is displayed on Moneyline Telerate (or any successor service) on page 7051 (or any other page as may replace the specified page on that service) (“Moneyline
Telerate Page 7051”), for the particular Interest Determination Date; or 

  

	 	ii.	if the rate referred to in clause (i) does not so appear on Moneyline Telerate Page 7051, the percentage equal to the yield for United States Treasury securities at
“constant maturity” having the particular Index Maturity and for the particular Interest Determination Date as published in H.15(519) under the caption “Treasury Constant Maturities”; or 

  

	 	iii.	if the rate referred to in clause (ii) does not so appear in H.15(519), the rate on the particular Interest Determination Date for the period of the particular Index Maturity
as may then be published by either the Federal Reserve System Board of Governors or the United States Department of the Treasury that the Calculation Agent determines to be comparable to the rate which would otherwise have been published in
H.15(519); or 

  

 A-1-11 

	 	iv.	if the rate referred to in clause (iii) is not so published, the rate on the particular Interest Determination Date calculated by the Calculation Agent as a yield to maturity
based on the arithmetic mean of the secondary market bid prices at approximately 3:30 P.M., New York City time, on that Interest Determination Date of three leading primary United States government securities dealers in New York City (which may
include the purchasing agent or its affiliates) (each, a “Reference Dealer”) selected by the Calculation Agent from five Reference Dealers selected by the Calculation Agent and eliminating the highest quotation, or, in the event of
equality, one of the highest, and the lowest quotation or, in the event of equality, one of the lowest, for United States Treasury securities with an original maturity equal to the particular Index Maturity, a remaining term to maturity no more than
one year shorter than that Index Maturity and in a principal amount that is representative for a single transaction in the securities in that market at that time; or 

  

	 	v.	if fewer than five but more than two of the prices referred to in clause (iv) are provided as requested, the rate on the particular Interest Determination Date calculated by
the Calculation Agent based on the arithmetic mean of the bid prices obtained and neither the highest nor the lowest of the quotations shall be eliminated; or 

  

	 	vi.	if fewer than three prices referred to in clause (iv) are provided as requested, the rate on the particular Interest Determination Date calculated by the Calculation Agent as a
yield to maturity based on the arithmetic mean of the secondary market bid prices as of approximately 3:30 P.M., New York City time, on that Interest Determination Date of three Reference Dealers selected by the Calculation Agent from five Reference
Dealers selected by the Calculation Agent and eliminating the highest quotation or, in the event of equality, one of the highest and the lowest quotation or, in the event of equality, one of the lowest, for United States Treasury securities with an
original maturity greater than the particular Index Maturity, a remaining term to maturity closest to that Index Maturity and in a principal amount that is representative for a single transaction in the securities in that market at that time; or

  

	 	vii.	if fewer than five but more than two prices referred to in clause (vi) are provided as requested, the rate on the particular Interest Determination Date calculated by the
Calculation Agent based on the arithmetic mean of the bid prices obtained and neither the highest nor the lowest of the quotations will be eliminated; or 

  

 A-1-12 

	 	viii.	if fewer than three prices referred to in clause (vi) are provided as requested, the CMT Rate in effect on the particular Interest Determination Date; or

  
 (2) if CMT Moneyline Telerate
Page 7052 is specified on the face hereof: 
  

	 	i.	the percentage equal to the one-week or one-month, as specified on the face hereof, average yield for United States Treasury securities at “constant maturity” having the
Index Maturity specified on the face hereof as published in H.15(519) opposite the caption “Treasury Constant Maturities”, as the yield is displayed on Moneyline Telerate (or any successor service) (on page 7052 or any other page as may
replace the specified page on that service) (“Moneyline Telerate Page 7052”), for the week or month, as applicable, ended immediately preceding the week or month, as applicable, in which the particular Interest Determination Date falls; or

  

	 	ii.	if the rate referred to in clause (i) does not so appear on Moneyline Telerate Page 7052, the percentage equal to the one-week or one-month, as specified on the face hereof,
average yield for United States Treasury securities at “constant maturity” having the particular Index Maturity and for the week or month, as applicable, preceding the particular Interest Determination Date as published in H.15(519)
opposite the caption “Treasury Constant Maturities”; or 

  

	 	iii.	if the rate referred to in clause (ii) does not so appear in H.15(519), the one-week or one-month, as specified on the face hereof, average yield for United States Treasury
securities at “constant maturity” having the particular Index Maturity as otherwise announced by the Federal Reserve Bank of New York for the week or month, as applicable, ended immediately preceding the week or month, as applicable, in
which the particular Interest Determination Date falls; or 

  

	 	iv.	 if the rate referred to in clause (iii) is not so published, the rate on the particular Interest Determination Date calculated by the Calculation Agent as a
yield to maturity based on the arithmetic mean of the secondary market bid prices at approximately 3:30 P.M., New York City time, on that Interest Determination Date of three Reference Dealers selected by the Calculation Agent from five Reference
Dealers selected by the Calculation Agent and eliminating the highest quotation, or, in the event of equality, one of the highest, and the lowest quotation or, in the event of equality, one of the lowest, for United States Treasury securities with
an original maturity equal to the particular Index Maturity, a 

  

 A-1-13 

	 	 
remaining term to maturity no more than one year shorter than that Index Maturity and in a principal amount that is representative for a single transaction
in the securities in that market at that time; or 

  

	 	v.	if fewer than five but more than two of the prices referred to in clause (iv) are provided as requested, the rate on the particular Interest Determination Date calculated by
the Calculation Agent based on the arithmetic mean of the bid prices obtained and neither the highest nor the lowest of the quotations shall be eliminated; or 

  

	 	vi.	if fewer than three prices referred to in clause (iv) are provided as requested, the rate on the particular Interest Determination Date calculated by the Calculation Agent as a
yield to maturity based on the arithmetic mean of the secondary market bid prices as of approximately 3:30 P.M., New York City time, on that Interest Determination Date of three Reference Dealers selected by the Calculation Agent from five Reference
Dealers selected by the Calculation Agent and eliminating the highest quotation or, in the event of equality, one of the highest and the lowest quotation or, in the event of equality, one of the lowest, for United States Treasury securities with an
original maturity greater than the particular Index Maturity, a remaining term to maturity closest to that Index Maturity and in a principal amount that is representative for a single transaction in the securities in that market at the time; or

  

	 	vii.	if fewer than five but more than two prices referred to in clause (vi) are provided as requested, the rate on the particular Interest Determination Date calculated by the
Calculation Agent based on the arithmetic mean of the bid prices obtained and neither the highest nor the lowest of the quotations will be eliminated; or 

  

	 	viii.	if fewer than three prices referred to in clause (vi) are provided as requested, the CMT Rate in effect on that Interest Determination Date. 

  
 If two United States Treasury securities with an original maturity greater
than the Index Maturity specified on the face hereof have remaining terms to maturity equally close to the particular Index Maturity, the quotes for the United States Treasury security with the shorter original remaining term to maturity will be
used. 
  
 (C) Commercial Paper Rate Notes. If the
Interest Rate Basis is the Commercial Paper Rate, this Note shall be deemed a “Commercial Paper Rate Note.” Unless otherwise specified on the face hereof, “Commercial Paper Rate” means: (1) the 

  

 A-1-14 

 
Money Market Yield (as defined below) on the particular Interest Determination Date of the rate for commercial paper having the Index Maturity specified on
the face hereof as published in H.15(519) under the caption “Commercial Paper—Nonfinancial”; or (2) if the rate referred to in clause (1) is not so published by 3:00 P.M., New York City time, on the related Calculation Date,
the Money Market Yield of the rate on the particular Interest Determination Date for commercial paper having the particular Index Maturity as published in H.15 Daily Update, or such other recognized electronic source used for the purpose of
displaying the applicable rate, under the caption “Commercial Paper—Nonfinancial”; or (3) if the rate referred to in clause (2) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate
on the particular Interest Determination Date calculated by the Calculation Agent as the Money Market Yield of the arithmetic mean of the offered rates at approximately 11:00 A.M., New York City time, on that Interest Determination Date of three
leading dealers of United States Dollar commercial paper in New York City (which may include the purchasing agent or its affiliates) selected by the Calculation Agent for commercial paper having the particular Index Maturity placed for industrial
issuers whose bond rating is “Aa”, or the equivalent, from a nationally recognized statistical rating organization; or (4) if the dealers so selected by the Calculation Agent are not quoting as mentioned in clause (3), the Commercial
Paper Rate in effect on the particular Interest Determination Date. “Money Market Yield” means a yield (expressed as a percentage) calculated in accordance with the following formula: 
  

					
	 Money Market Yield =
	 	D x 360	 	x 100
	 	 	360 – (D x M)	 	 

  
 where “D”
refers to the applicable per annum rate for commercial paper quoted on a bank discount basis and expressed as a decimal, and “M” refers to the actual number of days in the applicable Interest Period. 
  
 (D) LIBOR Notes. If the Interest Rate Basis is LIBOR, this Note
shall be deemed a “LIBOR Note.” Unless otherwise specified on the face hereof, “LIBOR” means: (1) if “LIBOR Moneyline Telerate” is specified on the face hereof or if neither “LIBOR Reuters” nor
“LIBOR Moneyline Telerate” is specified on the face hereof as the method for calculating LIBOR, the rate for deposits in the LIBOR Currency having the Index Maturity specified on the face hereof, commencing on the related Interest Reset
Date, that appears on the LIBOR Page (as defined below) as of 11:00 A.M., London time, on the particular Interest Determination Date; or (2) if “LIBOR Reuters” is specified on the face hereof, the arithmetic mean of the offered rates,
calculated by the Calculation Agent, or the offered rate, if the LIBOR Page by its terms provides only for a single rate, for deposits in the LIBOR Currency having the particular Index Maturity, commencing on the related Interest Reset Date, that
appear or appears, as the case may be, on the LIBOR Page as of 11:00 A.M., London time, on the particular Interest Determination Date; or (3) if fewer than two offered rates appear, or no rate appears, as the case may be, on the particular
Interest 

  

 A-1-15 

 
Determination Date on the LIBOR Page as specified in clause (1) or (2), as applicable, the rate calculated by the Calculation Agent of at least two
offered quotations obtained by the Calculation Agent after requesting the principal London offices of each of four major reference banks (which may include affiliates of the purchasing agent) in the London interbank market to provide the Calculation
Agent with its offered quotation for deposits in the LIBOR Currency for the period of the particular Index Maturity, commencing on the related Interest Reset Date, to prime banks in the London interbank market at approximately 11:00 A.M., London
time, on that Interest Determination Date and in a principal amount that is representative for a single transaction in the LIBOR Currency in that market at that time; or (4) if fewer than two offered quotations referred to in clause
(3) are provided as requested, the rate calculated by the Calculation Agent as the arithmetic mean of the rates quoted at approximately 11:00 A.M., in the applicable Principal Financial Center, on the particular Interest Determination Date by
three major banks (which may include affiliates of the purchasing agent) in that Principal Financial Center selected by the Calculation Agent for loans in the LIBOR Currency to leading European banks, having the particular Index Maturity and in a
principal amount that is representative for a single transaction in the LIBOR Currency in that market at that time; or (5) if the banks so selected by the Calculation Agent are not quoting as mentioned in clause (4), LIBOR in effect on the
particular Interest Determination Date. “LIBOR Currency” means the currency specified on the face hereof as to which LIBOR shall be calculated or, if no currency is specified on the face hereof, United States Dollars. “LIBOR
Page” means either: (1) if “LIBOR Reuters” is specified on the face hereof, the display on the Reuter Monitor Money Rates Service (or any successor service) on the page specified on the face hereof (or any other page as may
replace that page on that service) for the purpose of displaying the London interbank rates of major banks for the LIBOR Currency; or (2) if “LIBOR Moneyline Telerate” is specified on the face hereof or neither “LIBOR
Reuters” nor “LIBOR Moneyline Telerate” is specified on the face hereof as the method for calculating LIBOR, the display on Moneyline Telerate (or any successor service) on the page specified on the face hereof (or any other page as
may replace such page on such service) for the purpose of displaying the London interbank rates of major banks for the LIBOR Currency. 
  
 (E) Prime Rate Notes. If the Interest Rate Basis is the Prime Rate, this Note shall be deemed a “Prime Rate Note.” Unless otherwise
specified on the face hereof, “Prime Rate” means: (1) the rate on the particular Interest Determination Date as published in H.15(519) under the caption “Bank Prime Loan”; or (2) if the rate referred to in clause
(1) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the particular Interest Determination Date as published in H.15 Daily Update, or such other recognized electronic source used for the purpose
of displaying the applicable rate, under the caption “Bank Prime Loan”; or (3) if the rate referred to in clause (2) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the
particular Interest Determination Date calculated by the Calculation Agent as the arithmetic mean of the rates of interest publicly announced by each bank that 

  

 A-1-16 

 
appears on the Reuters Screen US PRIME 1 Page (as defined below) as the applicable bank’s prime rate or base lending rate as of 11:00 A.M., New York
City time, on that Interest Determination Date; or (4) if fewer than four rates referred to in clause (3) are so published by 3:00 p.m., New York City time, on the related Calculation Date, the rate on the particular Interest Determination
Date calculated by the Calculation Agent as the arithmetic mean of the prime rates or base lending rates quoted on the basis of the actual number of days in the year divided by a 360-day year as of the close of business on that Interest
Determination Date by three major banks (which may include affiliates of the purchasing agent) in New York City selected by the Calculation Agent; or (5) if the banks so selected by the Calculation Agent are not quoting as mentioned in clause
(4), the Prime Rate in effect on the particular Interest Determination Date. “Reuters Screen US PRIME 1 Page” means the display on the Reuter Monitor Money Rates Service (or any successor service) on the “US PRIME 1” page (or any
other page as may replace that page on that service) for the purpose of displaying prime rates or base lending rates of major United States banks. 
  
 (F) Treasury Rate Notes. If the Interest Rate Basis is the Treasury Rate, this Note shall be deemed a “Treasury Rate Note.” Unless
otherwise specified on the face hereof, “Treasury Rate” means: (1) the rate from the auction held on the Interest Determination Date (the “Auction”) of direct obligations of the United States (“Treasury Bills”)
having the Index Maturity specified on the face hereof under the caption “INVESTMENT RATE” on the display on Moneyline Telerate (or any successor service) on page 56 (or any other page as may replace that page on that service)
(“Moneyline Telerate Page 56”) or page 57 (or any other page as may replace that page on that service) (“Moneyline Telerate Page 57”); or (2) if the rate referred to in clause (1) is not so published by 3:00 P.M., New
York City time, on the related Calculation Date, the Bond Equivalent Yield (as defined below) of the rate for the applicable Treasury Bills as published in H.15 Daily Update, or another recognized electronic source used for the purpose of displaying
the applicable rate, under the caption “U.S. Government Securities/Treasury Bills/Auction High”; or (3) if the rate referred to in clause (2) is not so published by 3:00 P.M., New York City time, on the related Calculation Date,
the Bond Equivalent Yield of the auction rate of the applicable Treasury Bills as announced by the United States Department of the Treasury; or (4) if the rate referred to in clause (3) is not so announced by the United States Department
of the Treasury, or if the Auction is not held, the Bond Equivalent Yield of the rate on the particular Interest Determination Date of the applicable Treasury Bills as published in H.15(519) under the caption “U.S. Government
Securities/Treasury Bills/Secondary Market”; or (5) if the rate referred to in clause (4) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the particular Interest Determination Date of
the applicable Treasury Bills as published in H.15 Daily Update, or another recognized electronic source used for the purpose of displaying the applicable rate, under the caption “U.S. Government Securities/Treasury Bills/Secondary
Market”; or (6) if the rate referred to in clause (5) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the 

  

 A-1-17 

 
particular Interest Determination Date calculated by the Calculation Agent as the Bond Equivalent Yield of the arithmetic mean of the secondary market bid
rates, as of approximately 3:30 P.M., New York City time, on that Interest Determination Date, of three primary United States government securities dealers (which may include the purchasing agent or its affiliates) selected by the Calculation Agent,
for the issue of Treasury Bills with a remaining maturity closest to the Index Maturity specified on the face hereof; or (7) if the dealers so selected by the Calculation Agent are not quoting as mentioned in clause (6), the Treasury Rate in
effect on the particular Interest Determination Date. “Bond Equivalent Yield” means a yield (expressed as a percentage) calculated in accordance with the following formula: 
  

					
	 Bond Equivalent Yield =
	 	D x N	 	x 100
	 	 	360 – (D x M)	 	 

  
 where “D” refers to the
applicable per annum rate for Treasury Bills quoted on a bank discount basis and expressed as a decimal, “N” refers to 365 or 366, as the case may be, and “M” refers to the actual number of days in the applicable Interest Period.

  
 (c) Discount Notes. If this Note is specified on the
face hereof as a “Discount Note”: 
  
 (i) Principal
and Interest. This Note will bear interest in the same manner as set forth in Section 3(a) above, and payments of principal and interest shall be made as set forth on the face hereof. Discount Notes may not bear any interest currently or
may bear interest at a rate that is below market rates at the time of issuance. The difference between the Issue Price of a Discount Note and par is referred to as the “Discount”. 
  
 (ii) Redemption; Repayment; Acceleration. In the event a Discount
Note is redeemed, repaid or accelerated, the amount payable to the Holder of such Discount Note will be equal to the sum of: (A) the Issue Price (increased by any accruals of Discount); and (B) any unpaid interest accrued on such Discount
Note to the Maturity Date (“Amortized Face Amount”). Unless otherwise specified on the face hereof, for purposes of determining the amount of Discount that has accrued as of any date on which a redemption, repayment or acceleration of
maturity occurs for a Discount Note, a Discount will be accrued using a constant yield method. The constant yield will be calculated using a 30-day month, 360-day year convention, a compounding period that, except for the Initial Period (as defined
below), corresponds to the shortest period between Interest Payment Dates for the applicable Discount Note (with ratable accruals within a compounding period), a coupon rate equal to the initial coupon rate applicable to the applicable Discount Note
and an assumption that the maturity of such Discount Note will not be accelerated. If the period from the date of issue to the first Interest Payment Date for a Discount Note (the “Initial Period”) is shorter than the compounding period
for such Discount Note, a proportionate amount of the yield for an entire compounding period will be accrued. If the Initial Period is longer than the compounding period, then the period will be divided into a regular compounding period and a short
period with the short period being treated as provided above. 
  

 A-1-18 

 Section 4. Redemption. If no redemption right is set forth on the face hereof, this Note may not be
redeemed prior to the Stated Maturity Date, except as set forth in the Indenture or in Section 10 hereof. In the case of a Note that is not a Discount Note, if a redemption right is set forth on the face of this Note, the Trust shall elect to
redeem this Note on the Interest Payment Date after the Initial Redemption Date set forth on the face hereof on which the Funding Agreement is to be redeemed in whole or in part by GE Life and Annuity Assurance Company (“GELAAC”) (each, a
“Redemption Date”), in which case this Note must be redeemed on such Redemption Date in whole or in part, as applicable, prior to the Stated Maturity Date, in increments of $1,000 at the applicable Redemption Price (as defined below),
together with unpaid interest, if any, accrued thereon to, but excluding, the applicable Redemption Date. “Redemption Price” shall mean the unpaid Principal Amount of this Note to be redeemed. The unpaid Principal Amount of this Note to be
redeemed shall be determined by multiplying (1) the Outstanding principal amount of this Note by (2) the quotient derived by dividing (A) the outstanding principal amount of the Funding Agreement to be redeemed by GELAAC by
(B) the outstanding principal amount of the Funding Agreement. Notice must be given not more than seventy-five (75) nor less than forty-five (45) calendar days prior to the proposed Redemption Date. In the event of redemption of this
Note in part only, a new Note for the unredeemed portion hereof shall be issued in the name of the Holder hereof upon the surrender hereof. 
  
 Section 5. Sinking Funds. Unless specified on the face hereof, this Note will not be subject to, or entitled to the benefit of, any sinking fund.

  
 Section 6. Repayment. If no repayment right is set forth on
the face hereof, this Note may not be repaid at the option of the Holder hereof prior to the Stated Maturity Date. If a repayment right is granted on the face of this Note, this Note may be subject to repayment at the option of the Holder on any
Interest Payment Date on and after the date, if any, indicated on the face hereof (each, a “Repayment Date”). On any Repayment Date, unless otherwise specified on the face hereof, this Note shall be repayable in whole or in part in
increments of $1,000 at the option of the Holder hereof at a repayment price equal to 100% of the Principal Amount to be repaid, together with interest thereon, if any, payable to the Repayment Date. For this Note to be repaid in whole or in part at
the option of the Holder hereof, this Note must be received by the Indenture Trustee, with the form entitled “Option to Elect Repayment”, below, duly completed not more than sixty (60) nor less than thirty (30) days prior to a
Repayment Date. Exercise of such repayment option by the Holder hereof shall be irrevocable. In the event of a repayment of this Note in part only, a new Note for the portion hereof not repaid shall be issued in the name of the Holder hereof upon
the surrender hereof. 
  
 Section 7. Modifications and Waivers.
The Indenture contains provisions permitting the Trust and the Indenture Trustee (1) at any time and from time to time without notice to, or the consent of, the Holders of any Notes issued under the Indenture to enter into one or more
supplemental indentures for certain enumerated purposes and (2) with the consent of the Holders of a majority in aggregate principal amount of the Outstanding Notes affected thereby, to enter into one or more supplemental indentures for the
purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, the Indenture or of modifying in any manner the 

  

 A-1-19 

 
rights of Holders of Notes under the Indenture; provided, that, with respect to certain enumerated provisions, no such supplemental indenture shall be
entered into without the consent of the Holder of each Note affected thereby. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon
the registration of transfer hereof or in exchange hereof or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note or such other Notes. 
  
 Section 8. Obligations Unconditional. No reference herein to the Indenture and no provisions of this Note or of the
Indenture shall impair the right of each Holder of any Note, which is absolute and unconditional, to receive payment of the principal, and any interest on, and premium, if any, on, such Note on the respective Stated Maturity Date or redemption date
thereof and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 
  
 Section 9. Events of Default. If an Event of Default with respect to this Note shall occur and be continuing, the principal of, and all other
amounts payable on, the Notes may be declared due and payable, or may be automatically accelerated, as the case may be, in the manner and with the effect provided in the Indenture. In the event that this Note is a Discount Note, the amount of
principal of this Note that becomes due and payable upon such acceleration shall be equal to the amount calculated as set forth in Section 3(c) hereof. 
  
 Section 10. Withholding; No Additional Amounts; Tax Event and Redemption. All amounts due on this Note will be made without any applicable withholding
or deduction for or on account of any present or future taxes, duties, levies, assessments or other governmental charges of whatever nature imposed or levied by or on behalf of any governmental authority, unless such withholding or deduction is
required by law. The Trust will not pay any additional amounts to the Holder of this Note in respect of such withholding or deduction, any such withholding or deduction will not give rise to an event of default or any independent right or obligation
to redeem this Note and the Holder will be deemed for all purposes to have received cash in an amount equal to the portion of such withholding or deduction that is attributable to such Holder’s interest in this Note as equitably determined by
the Trust. 
  
 If (1) a Tax Event (defined below) as to the
Funding Agreement occurs and (2) GELAAC redeems the Funding Agreement in whole, the Trust will redeem the Notes, subject to the terms and conditions of Section 2.04 of the Indenture, at a Redemption Price equal to the Outstanding
principal amount of the Notes together with unpaid interest accrued thereon to the applicable redemption date. “Tax Event” means that GELAAC shall have received an opinion of independent legal counsel stating in effect that as a result of
(a) any amendment to, or change (including any announced prospective change) in, the laws (or any regulations thereunder) of the United States or any political subdivision or taxing authority thereof or therein or (b) any amendment to, or
change in, an interpretation or application of any such laws or regulations by any governmental authority in the United States, which amendment or change is enacted, promulgated, issued or announced on or after the effective date of the Funding
Agreement, there is more than an insubstantial risk that (i) the Trust is, or will be within ninety (90) days of the date thereof, subject to U.S. federal income tax with respect to interest accrued or received on the Funding Agreement or
(ii) the Trust is, or will be within ninety (90) days of the date thereof, subject to more than a de minimis amount of taxes, duties or other governmental charges. 
  

 A-1-20 

 Section 11. Listing. Unless otherwise specified on the face hereof, this Note will not be listed on
any securities exchange. 
  
 Section 12.
Collateral. The Collateral for this Note includes the Funding Agreement specified on the face hereof. 
  
 Section 13. No Recourse Against Certain Persons. No recourse shall be had for the payment of any principal, interest or any other sums at any time
owing under the terms of this Note, or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against the Nonrecourse Parties, whether by virtue of any
constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such personal liability being, by the acceptance hereof and as part of the consideration for issue hereof, expressly waived and released.

  
 Section 14. Miscellaneous. 
  
 (a) This Note is issuable only as a registered Note without coupons in
denominations of $1,000 and any integral multiple in excess thereof unless otherwise specified on the face of this Note. 
  
 (b) Prior to due presentment for registration of transfer of this Note, the Trust, the Indenture Trustee, the Registrar, the Paying Agent, any Agent and
any other agent of the Trust or the Indenture Trustee may treat the Person in whose name this Note is registered as the owner hereof for the purpose of receiving payment as herein provided and for all other purposes, whether or not this Note shall
be overdue, and none of the Trust, the Indenture Trustee, the Registrar, the Paying Agent, any Agent or any other agent of the Trust or the Indenture Trustee shall be affected by notice to the contrary. 
  
 (c) The Notes are being issued by means of a book-entry-only system with no
physical distribution of certificates to be made except as provided in the Indenture. The book-entry system maintained by DTC will evidence ownership of the Notes, with transfers of ownership effected on the records of DTC and its Participants
pursuant to rules and procedures established by DTC and its Participants. The Trust and the Indenture Trustee will recognize Cede & Co., as nominee of DTC, as the registered owner of the Notes and as the Holder of the Notes for all
purposes, including payment of principal, premium (if any) and interest, notices and voting. Transfer of principal, premium (if any) and interest to participants of DTC will be the responsibility of DTC, and transfer of principal, premium (if any)
and interest to beneficial holders of the Notes by Participants of DTC will be the responsibility of such Participants and other nominees of such beneficial holders. So long as the book-entry system is in effect, the selection of any Notes to be
redeemed or repaid will be determined by DTC pursuant to rules and procedures established by DTC and its Participants. Neither the Trust nor the Indenture Trustee will not be responsible or liable for such transfers or payments or for maintaining,
supervising or reviewing the records maintained by DTC, its Participants or persons acting through such Participants. 
  
 (d) This Note or portion hereof may not be exchanged for Definitive Notes, except in the limited circumstances provided for in the Indenture. The transfer
or exchange of Definitive 

  

 A-1-21 

 
Notes shall be subject to the terms of the Indenture. No service charge will be made for any registration of transfer or exchange, but the Trust may require
payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
  
 Section 15. GOVERNING LAW. THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES (OTHER THAN SECTION 5-1401
OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK), EXCEPT AS REQUIRED BY MANDATORY PROVISIONS OF LAW. 
  

 A-1-22 

 OPTION TO ELECT REPAYMENT 
  
 The undersigned hereby irrevocably request(s) and instruct(s) the Trust to repay this Note (or portion hereof specified
below) pursuant to its terms at a price equal to the Principal Amount hereof together with interest to the repayment date, to the undersigned, at: 
  

	
	 
	
	 

 (Please print or typewrite name and address of the undersigned). 
  
 For this Note to be repaid, the Indenture Trustee (or the Paying Agent on
behalf of the Indenture Trustee) must receive at its Corporate Trust Office, or at such other place or places of which the Trust shall from time to time notify the Holder of this Note, not more than sixty (60) nor less than thirty
(30) days prior to a Repayment Date, if any, shown on the face of this Note, this Note with this “Option to Elect Repayment” form duly completed. 
  

If less than the entire Principal Amount of this Note is to be repaid, specify the portion hereof (which shall be in increments of $1,000) which the
Holder elects to have repaid and specify the denomination or denominations (which shall be $             or an integral multiple of $1,000 in excess of
$            ) of the Notes to be issued to the Holder for the portion of this Note not being repaid (in the absence of any such specification, one such Note will be issued for the
portion not being repaid). 
  

			
	 $ __________________________
	 	________________________________
	               ___________________
	 	 
	 DATE:
                                       
 
	 	NOTICE: The signature on this Option to Elect Repayment must correspond with the name as written upon the face of this Note in every particular, without alteration or enlargement or any
change whatever.
		
	Principal Amount to be repaid, if amount to be repaid is less than the Principal Amount of this Note (Principal Amount remaining must be an authorized denomination)	 	Fill in for registration of Notes if to be issued otherwise than to the registered Holder:
	 	 	Name: _______________________
	 $ ______________________
	 	Address: _____________________
	 	 	____________________
	 	 	(Please print name and address including zip code)

  
 SOCIAL SECURITY OR OTHER TAXPAYER ID NUMBER:
                                        

  

 A-1-23 

 SURVIVOR’S OPTION RIDER 
  
 (a) Unless this Note, on its face, has been declared due and payable prior to the Maturity Date by reason of any Event of
Default under the Indenture, or has been previously redeemed or otherwise repaid, the authorized Representative (as defined below) of a deceased Beneficial Owner (as defined below) of this Note shall have the option to elect repayment by the Trust
in whole or in part prior to the Maturity Date following the death of the Beneficial Owner (a “Survivor’s Option”). The Survivor’s Option may not be exercised unless this Note was held by the Beneficial Owner or the estate of
that Beneficial Owner for a period beginning at least 6 months immediately prior to the death of such Beneficial Owner. “Beneficial Owner” as used in this Survivor’s Option Rider means, with respect to this Note, the person who has
the right, immediately prior to such person’s death, to receive the proceeds from the disposition of this Note, as well as the right to receive payments on this Note. 
  
 (b) Upon (1) the valid exercise of the Survivor’s Option and the proper tender of this Note by or on behalf of a
person that has authority to act on behalf of the deceased Beneficial Owner of this Note under the laws of the appropriate jurisdiction (including, without limitation, the personal representative or executor of the deceased Beneficial Owner or the
surviving joint owner of the deceased Beneficial Owner) (the “Representative”) and (2) the tender and acceptance of that portion of the Funding Agreement equal to the amount of the portion of this Note to be repaid, the Trust shall
repay this Note (or portion thereof) at a price equal to 100% of the unpaid Principal Amount of the deceased Beneficial Owner’s beneficial interest in this Note plus accrued and unpaid interest to, but excluding, the date of such repayment.
However, the Trust shall not be obligated to repay: 
  
 (i)
beneficial ownership interests in Notes exceeding the greater of $1,000,000 or 1% (or such other amounts, as specified in the Pricing Supplement) in aggregate principal amount for all notes then outstanding under the Genworth DirectNotesSM program as of the end of the most recent calendar year (the “Annual Put Limitation”); 
  
 (ii) on behalf of an individual deceased Beneficial Owner, any beneficial
ownership interest in all notes issued under the Genworth DirectNotesSM program that exceeds $250,000 (or such other
amounts, as specified in the Pricing Supplement) in any calendar year (the “Individual Put Limitation”); or 
  
 (iii) beneficial ownership interests in Notes exceeding the amount specified on the face hereof and in the Pricing Supplement (the “Trust Put
Limitation”). 
  
 (c) The Trust shall not make principal
repayments pursuant to exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Note, the Principal Amount
remaining Outstanding after repayment must be at least $1,000 (the minimum authorized denomination of the Notes). 
  
 (d) An otherwise valid election to exercise the Survivor’s Option may not be withdrawn. 
  

 A-1-24 

 (e) Election to exercise the Survivor’s Option will be accepted in the order that elections are
received by the Indenture Trustee, except for any Notes (or portion thereof) the acceptance of which would contravene (1) the Annual Put Limitation, (2) the Individual Put Limitation or (3) the Trust Put Limitation. Any Note (or
portion thereof) accepted for repayment pursuant to exercise of the Survivor’s Option shall be repaid on the first Interest Payment Date that occurs 20 or more calendar days after the date of such acceptance. If, as of the end of any calendar
year, the aggregate principal amount of all notes (or portions thereof) issued under the Genworth DirectNotesSM
program that have been tendered pursuant to the valid exercise of the Survivor’s Option during such year has exceeded the Annual Put Limitation, the Individual Put Limitation or the Trust Put Limitation, for such year, any exercise(s) of the
Survivor’s Option with respect to Notes (or portions thereof) not accepted during such calendar year, because such acceptance would have contravened any such limitation, shall be deemed to be tendered on the first day of the following calendar
year in the order all such notes (or portions thereof) were originally tendered. In the event that this Note (or any portion hereof) tendered for repayment pursuant to valid exercise of the Survivor’s Option is not accepted or is to be delayed,
the Indenture Trustee shall deliver a notice by first-class mail to the presenting direct Participant that states the reason such Note (or portion thereof) has not been accepted for payment or is to be delayed. 
  
 (f) In order to obtain repayment through exercise of the Survivor’s
Option with respect to this Note (or portion hereof), the Representative must provide the following items to the broker or other entity through which the beneficial interest in this Note is held by the deceased Beneficial Owner: (1) a written
instruction to such broker or other entity to notify the Depositary of the Representative’s desire to obtain repayment through the exercise of the Survivor’s Option; (2) appropriate evidence satisfactory to the Indenture Trustee that
(i) the deceased was the Beneficial Owner of this Note at the time of death and the interest in this Note was owned by the deceased Beneficial Owner or his or her estate for a period beginning at least six months immediately prior to the death
of such Beneficial Owner, which evidence may be in the form of a letter from the Representative, (ii) the death of such Beneficial Owner has occurred, and the date of such death, and (iii) the Representative has authority to act on behalf
of the deceased Beneficial Owner; (3) if the interest in this Note is held by a nominee of the deceased Beneficial Owner, a certificate or letter satisfactory to the Indenture Trustee from such nominee attesting to the deceased’s
beneficial ownership of this Note; (4) a written request for repayment signed by the Representative, with the signature guaranteed by a member firm of a registered national securities exchange or of the National Association of Securities
Dealers, Inc. or a commercial bank or trust company having an office or correspondent in the United States; (5) if applicable, a properly executed assignment or endorsement; (6) tax waivers and such other instruments or documents that the
Indenture Trustee reasonably requires in order to establish the validity of the beneficial ownership of this Note and the claimant’s entitlement to payment; and (7) any additional information the Indenture Trustee reasonably requires to
evidence satisfaction of any conditions to the exercise of such Survivor’s Option or to document beneficial ownership or authority to make the election and to cause the repayment of this Note. Such broker or other entity shall then deliver each
of these items to the direct Participant of the Depositary, such direct Participant being the entity that holds the beneficial interest in this Note on behalf of the deceased Beneficial Owner, together with evidence satisfactory to the Indenture
Trustee from the broker or other entity stating that it represents the deceased Beneficial Owner. Such direct Participant shall then execute an election form in the form attached hereto as Annex A and deliver such items to the Indenture Trustee. If
the Indenture Trustee determines that it has 

  

 A-1-25 

 
received the requisite documentation and information and all other conditions described herein are satisfied, the Indenture Trustee shall make payment of the
applicable amount to the direct Participant through DTC. Such direct Participant shall be responsible for disbursing any payments it receives from the Depositary pursuant to exercise of the Survivor’s Option to the appropriate Representative.
All questions, other than with respect to the right to limit the aggregate Principal Amount of Notes as to which exercises of the Survivor’s Option shall be accepted in any one calendar year, regarding the eligibility or validity of any
exercise of the Survivor’s Option will be determined by the Indenture Trustee, in its sole discretion, which determination shall be final and binding on all parties; provided, however, that any such determination is subject to the
right of GELAAC to require reasonable evidence that the exercise of the Survivor’s Option satisfied all of the terms and conditions described in this Note and any restrictions contained in the relevant Funding Agreement. The Indenture Trustee
shall have no liability to any Person, including, without limitation, the Trust, GELAAC, any Holder of this Note, any Beneficial Owner or the deceased Beneficial Owner’s Representative, arising out of any determination made by it relating to
the eligibility or validity of any exercise of the Survivor’s Option, unless occasioned by the Indenture Trustee’s gross negligence or willful misconduct. 
  
 (g) The death of a person holding a beneficial interest in this Note as a joint tenant or tenant by the entirety with
another person, or as a tenant in common with the deceased owner’s spouse, will be deemed the death of the Beneficial Owner of this Note, and the entire Principal Amount of this Note so held shall be subject to repayment by the Trust upon
request in accordance with the terms and provisions hereof. However, the death of a person holding a beneficial interest in this Note as tenant in common with a person other than such deceased owner’s spouse will be deemed the death of a
Beneficial Owner only with respect to such deceased person’s ownership interest in this Note. 
  
 (h) The death of a person who was a lifetime beneficiary of a trust holding a beneficial interest in this Note will be treated as the death of the
Beneficial Owner of this Note to the extent of that person’s interest in the trust. The death of a person who was a tenant by the entirety or joint tenant in a tenancy which is the beneficiary of a trust holding a beneficial interest in this
Note will be treated as the death of the Beneficial Owner of this Note. The death of an individual who was a tenant in common in a tenancy which is the beneficiary of a trust holding a beneficial interest in this Note will be treated as the death of
the Beneficial Owner of this Note only with respect to the deceased person’s beneficial interest in this Note, unless a husband and wife are the tenants in common, in which case the death of either will be treated as the death of the owner of
this Note. 
  
 (i) The death of a person who, during his or her
lifetime, was entitled to substantially all of the beneficial ownership interests in this Note will be deemed the death of the Beneficial Owner of this Note for purposes of the Survivor’s Option, regardless of whether that Beneficial Owner was
the registered holder of this Note, if such beneficial ownership interest can be established to the satisfaction of the Indenture Trustee. A beneficial ownership interest will be deemed to exist in typical cases of nominee ownership, such as
ownership under the Uniform Transfers of Gifts to Minors Act, community property or other joint ownership arrangements between a husband and wife and lifetime custodial and trust arrangements. 
  

 A-1-26 

 ANNEX A 
  
 REPAYMENT ELECTION FORM 
  
 GE Life and Annuity Assurance Company 
  
 Genworth DirectNotesSM

  
 CUSIP Number
                     
  
 To: [Name of Trust] (the “TRUST”) 
  
 The undersigned financial institution (the “FINANCIAL INSTITUTION”) represents the following: 
  

	 	•	 	The Financial Institution has received a request for repayment from the executor or other authorized representative (the “AUTHORIZED REPRESENTATIVE”) of the deceased
beneficial owner listed below (the “DECEASED BENEFICIAL OWNER”) of Genworth DirectNotesSM (CUSIP No.
                    ) (the “NOTES”). 

  

	 	•	 	At the time of his or her death, the Deceased Beneficial Owner owned Notes in the principal amount listed below. 

  

	 	•	 	The Deceased Beneficial Owner or the estate of the Deceased Beneficial Owner owned the Notes for a period beginning at least six (6) months immediately prior to the request.

  

	 	•	 	The Financial Institution currently holds such notes as a direct or indirect participant in The Depository Trust Company (the “DEPOSITARY”). 

  
 The Financial Institution agrees to the following terms:

  

	 	•	 	The Financial Institution shall follow the instructions (the “INSTRUCTIONS”) accompanying this Repayment Election Form (this “FORM”). 

 

	 	•	 	The Financial Institution shall deliver to JPMorgan Chase Bank, N.A. (the “INDENTURE TRUSTEE”) the originals of all records specified in the Instructions supporting the
above representations and all other related documents received from any relevant broker or other entity, and shall retain photocopies thereof, and shall make such photocopies available to The Bank of New York (the “TRUSTEE”) or the Trust
for inspection and review within five business days of the Trustee’s or the Trust’s request. 

  

	 	•	 	 If the Financial Institution, the Indenture Trustee, the Trustee or the Trust, in any such party’s reasonable discretion, deems any of the records specified in
the Instructions supporting the above representations or any such other related documents unsatisfactory to substantiate a claim for repayment, the Financial 

  

 A-1-27 

 
Institution shall not be obligated to submit this Form, and the Indenture Trustee, the Trustee or Trust may deny repayment. If the Financial Institution
cannot substantiate a claim for repayment, it shall notify the Indenture Trustee immediately. 
  

	 	•	 	Repayment elections may not be withdrawn. 

  

	 	•	 	The Financial Institution agrees to indemnify and hold harmless the Trustee, the Trust and the Indenture Trustee against and from any and all claims, liabilities, costs, losses,
expenses, suits and damages resulting from the Financial Institution’s above representations and request for repayment on behalf of the Authorized Representative. 

  

	 	•	 	The Notes will be repaid on the first interest payment date to occur at least 20 calendar days after the date of acceptance of the notes for repayment, unless such date is not a
business day, in which case the date of repayment shall be the next succeeding business day. 

  

	 	•	 	Subject to the Trust’s rights to limit the aggregate principal amount of Notes as to which exercises of the survivor’s option shall be accepted in any one calendar year,
all questions as to the eligibility or validity of any exercise of the survivor’s option will be determined by the Indenture Trustee, in its sole discretion, which determination shall be final and binding on all parties.

  

 A-1-28 

							
	 REPAYMENT ELECTION FORM
  

	
	(1)
	Name of Deceased Beneficial Owner
	
	(2)
	Date of Death
	
	(3)
	Date of Purchase
	
	(4)
	Name of Authorized Representative Requesting Repayment
	
	(5)
	Name of Financial Institution Requesting Repayment
	
	(6)
	Signature of Authorized Representative of Financial Institution Requesting Repayment
	
	(7)
	Principal Amount of Requested Repayment
	
	(8)
	Date of Election
				
	(9)	  	Financial Institution:	  	(10)	  	Wire instructions for payment:
	 	  	Representative Name:	  	 	  	Bank Name:
	 	  	Phone Number:	  	 	  	ABA Number:
	 	  	Fax Number:	  	 	  	Account Name:
	 	  	Mailing Address (no P.O. Boxes):	  	 	  	Account Number:
	 	  	 	  	 	  	Reference (optional):
	
	 

  
 TO BE COMPLETED BY THE INDENTURE
TRUSTEE 
  
 (A) Delivery and Payment Date: 
  
 (B) Principal Amount: 
  
 (C) Accrued Interest: 
  
 (D) Date of Receipt of Form by the Indenture Trustee: 
  

 A-1-29 

 INSTRUCTIONS FOR COMPLETING REPAYMENT ELECTION FORM AND 
 EXERCISING 
 REPAYMENT OPTION

  
 Capitalized terms used and not defined herein have the
meanings defined in the accompanying Repayment Election Form. 
  

	1.	Collect and retain for a period of at least three years (1) satisfactory evidence of the authority of the Authorized Representative, (2) satisfactory evidence of death of
the Deceased Beneficial Owner, (3) satisfactory evidence that the Deceased Beneficial Owner beneficially owned, at the time of his or her death, the notes being submitted for repayment, which evidence may be in the form of a letter from the
Authorized Representative, (4) satisfactory evidence that the notes being submitted for repayment were acquired by the Deceased Beneficial Owner or the estate of the Deceased Beneficial Owner for a period beginning at least six months
immediately prior to the request, which evidence may be in the form of a letter from the Authorized Representative and (5) any necessary tax waivers. For purposes of determining whether the notes will be deemed beneficially owned by an
individual at any given time, the following rules shall apply: 

  

	 	•	 	If a note (or a portion thereof) is beneficially owned by tenants by the entirety or joint tenants, the note (or relevant portion thereof) will be regarded as beneficially owned by
a single owner. Accordingly, the death of a tenant by the entirety or joint tenant will be deemed the death of the beneficial owner and the entire principal amount so owned will become eligible for repayment. 

  

	 	•	 	The death of a person beneficially owning a note (or a portion thereof) by tenancy in common will be deemed the death of the beneficial owner only with respect to the deceased
owner’s interest in the note (or relevant portion thereof) so owned, unless a husband and wife are the tenants in common, in which case the death of either will be deemed the death of the beneficial owner and the entire principal amount so
owned will be eligible for repayment. 

  

	 	•	 	A note (or a portion thereof) beneficially owned by a trust will be regarded as beneficially owned by each beneficiary of the trust to the extent of that beneficiary’s interest
in the trust (however, a trust’s beneficiaries collectively cannot be beneficial owners of more notes than are owned by the trust). The death of a beneficiary of a trust will be deemed the death of the beneficial owner of the notes (or relevant
portion thereof) beneficially owned by the trust to the extent of that beneficiary’s interest in the trust. The death of an individual who was a tenant by the entirety or joint tenant in a tenancy which is the beneficiary of a trust will be
deemed the death of the beneficiary of the trust. The death of an individual who was a tenant in common in a tenancy which is the beneficiary of a trust will be deemed the death of the beneficiary of the trust only with respect to the deceased
holder’s beneficial interest in the note, unless a husband and wife are the tenants in common, in which case the death of either will be deemed the death of the beneficiary of the trust. 

  

	 	•	 	 The death of a person who, during his or her lifetime, was entitled to substantially all of the beneficial interest in a note (or a portion thereof) will be deemed
the death of the beneficial owner of that note (or relevant portion thereof), regardless of the 

  

 A-1-30 

	 	 
registration of ownership, if such beneficial interest can be established to the satisfaction of the trustee. Such beneficial interest will exist in many
cases of street name or nominee ownership, custodial arrangements, ownership by a trustee, ownership under the Uniform Transfers of Gifts to Minors Act and community property or other joint ownership arrangements between spouses. Beneficial interest
will be evidenced by such factors as the power to sell or otherwise dispose of a note, the right to receive the proceeds of sale or disposition and the right to receive interest and principal payments on a note. 

  

	2.	Indicate the name of the Deceased Beneficial Owner on line (1). 

  

	3.	Indicate the date of death of the Deceased Beneficial Owner on line (2). 

  

	4.	Indicate the date of purchase on line (3). 

  

	5.	Indicate the name of the Authorized Representative requesting repayment on line (4). 

  

	6.	Indicate the name of the Financial Institution requesting repayment on line (5). 

  

	7.	Affix the authorized signature of the Financial Institution’s representative on line (6). THE SIGNATURE MUST BE MEDALLION SIGNATURE GUARANTEED. 

  

	8.	Indicate the principal amount of notes to be repaid on line (7). 

  

	9.	Indicate the date this Form was completed on line (8). 

  

	10.	Indicate the name, mailing address (no P.O. boxes, please), telephone number and facsimile-transmission number of the Financial Institution. 

  

	11.	Indicate the wire instruction for payment on line (10). 

  

	12.	Leave lines (A), (B), (C), (D) and (E) blank. 

  

	13.	Mail or otherwise deliver an original copy of the completed Form to: 

  

			
	 By Registered Mail:
	 	By Courier or Overnight Delivery
	 JPMorgan Chase Bank, N.A.
	 	JPMorgan Chase Bank, N.A.
	 ITS – Survivor Option Processing
	 	ITS – Survivor Option Processing
	 P.O. Box 2320
	 	2001 Bryan Street - 9th Floor
	 Dallas, Texas 75221-2320
	 	Dallas, Texas 75201

  

	14.	FACSIMILE TRANSMISSIONS OF THE REPAYMENT ELECTION FORM WILL NOT BE ACCEPTED. 

  

	15.	For assistance with this Form or any questions relating thereto, please contact the indenture trustee at: JPMorgan Chase Bank, N.A., 2001 Bryan Street – 9th floor, Dallas, Texas 75201, attention: ITS Survivor Option Processing, telephone number: 1-(800) 516-8216.

  

 A-1-31 

 EXHIBIT A-2 
  
 Form of Institutional Global Note 
  
 THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE (HEREINAFTER DEFINED) AND IS REGISTERED IN THE NAME OF A DEPOSITARY (AS
DEFINED IN THE INDENTURE) OR A NOMINEE OF A DEPOSITARY. THIS NOTE IS NOT EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO
TRANSFER OF THIS NOTE (OTHER THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED EXCEPT IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
  
 UNLESS THIS NOTE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST (HEREINAFTER DEFINED) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND UNLESS ANY CERTIFICATE ISSUED IS REGISTERED
IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
  

 A-2-1 

			
	CUSIP No.:	  	Principal Amount: U.S. $ [ · ]

  
 GENWORTH GLOBAL
FUNDING TRUST • 
 SECURED MEDIUM-TERM NOTES 
  

			
	 Original Issue Date:
 Issue Price:
 Stated Maturity Date:
 Settlement Date:
 Securities Exchange Listing: [    ] Yes [    ] No. If yes, indicate
name(s) of Securities
Exchange(s):                                      
  
 Depositary:
 Authorized
Denominations:
 Collateral held in the Trust: GE Life and Annuity Assurance
    Company Funding Agreement No. •, all proceeds of
the
    Funding Agreement and all amounts and instruments on
    deposit from time to time in the related collection account and
    books and records pertaining to the
foregoing.
 Additional Amounts to be Paid: [    ] Yes [    ] No
 Interest Rate or Formula:
 Fixed Rate Note: [    ] Yes
[    ] No. If yes,
 Interest Rate:
 Interest Payment Frequency:
 Interest Payment Dates:
 Day Count Convention:
 Additional/Other Terms:
 Amortizing Notes: [    ] Yes [    ] No. If yes,
 Amortization schedule or formula:
Additional/Other Terms:
 Discount Notes: [    ] Yes [    ] No. If yes,
 Total Amount of Discount:
Initial
Accrual Period of Discount:
Interest Payment Dates:
Additional/Other Terms:
 Redemption Provisions: [    ] Yes [    ] No. If yes,
 Initial Redemption Date:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction, if any:
Additional/Other Terms:
 Repayment Provisions: [    ] Yes [    ] No. If yes,
 Repayment Date(s):
Repayment Price:
Additional/Other Terms:
	 	 Floating Rate Note: [    ] Yes [    ] No. If yes,
 Floating Rate Notes [    ]
 Floating Rate/Fixed Rate Notes [    ]
 Fixed Rate/Floating Rate Notes [    ]

Inverse Floating Rate Notes [    ]
 Interest Rate Basis(es):
 LIBOR [    ]
 [    ] LIBOR Reuters:
 [    ] LIBOR Moneyline Telerate:
 LIBOR Currency:
 EURIBOR [    ]
 CMT Rate [    ]
 Designated CMT Moneyline Telerate Page:
 If Telerate Page 7052:
 [    ] Weekly Average
 [    ] Monthly Average
 Designated CMT Maturity Index:
 CD
Rate [    ]
 Commercial Paper Rate [    ]
 Eleventh District Cost of Funds Rate [    ]
 Federal Funds Rate [    ]
 Prime Rate [    ]
 Treasury Rate [    ]
 Index Maturity:
 Spread and/or Spread Multiplier:
 Initial Interest Rate, if any:
 Initial Interest Reset Date:
 Interest Reset Dates:
 Interest Determination Date(s):
 Interest Payment Dates:
 Maximum Interest Rate, if any:
 Minimum Interest Rate, if any:
 Fixed
Rate Commencement Date, if any:
 Floating Rate Commencement Date, if any:
 Fixed Interest Rate, if any:
 Day
Count Convention:
 Additional/Other Terms:
 Regular Record Date(s):
 Sinking Fund:
 Specified
Currency:
 Exchange Rate Agent, if any:
 Calculation Agent, if
any:
 Additional/Other Terms:

  
 The Genworth Global
Funding Trust designated above (the “Trust”), for value received, hereby promises to pay to Cede & Co., or its registered assigns, the Principal Amount specified above on the Stated Maturity Date specified above and, if so
specified above, to pay interest thereon from the Original Issue Date specified above or from the most recent Interest Payment Date specified above to which interest has been paid or duly provided for at the rate per annum determined in accordance
with the provisions on the reverse hereof and as specified above, until the principal hereof is paid or made available for payment. Unless otherwise specified above, payments of principal, premium, if any, and interest hereon will be made in the
lawful currency of the United States of America (“U.S. Dollars” or “United States Dollars”). If the Specified Currency specified above is other than U.S. Dollars, the Holder (as defined in the Indenture) shall receive such
payments in such Foreign Currency (as hereinafter defined). The “Principal 

  

 A-2-2 

 
Amount” of this Note at any time means (1) if this Note is a Discount Note (as hereinafter defined), the Amortized Face Amount (as hereinafter
defined) at such time and (2) in all other cases, the Principal Amount hereof. Capitalized terms not otherwise defined herein shall have their meanings set forth in the Indenture, dated as of the Original Issue Date (the “Indenture”),
between JPMorgan Chase Bank, N.A., as the indenture trustee (the “Indenture Trustee”), and the Trust, or on the face hereof. 
  
 This Note will mature on the Stated Maturity Date, unless its principal (or any installment of its principal) becomes due and payable prior to the Stated
Maturity Date, whether, as applicable, by the declaration of acceleration of maturity, notice of redemption by the Trust or otherwise (the Stated Maturity Date or any date prior to the Stated Maturity Date on which this Note becomes due and payable,
as the case may be, is referred to as the “Maturity Date”). 
  
 A “Discount Note” is any Note that has an Issue Price that is less than 100% of the Principal Amount thereof by more than a percentage equal to the product of 0.25% and the number of full years to the Stated Maturity Date.

  
 Unless otherwise specified above, the interest payable on each
Interest Payment Date or the Maturity Date will be the amount of interest accrued from and including the Original Issue Date or from and including the last Interest Payment Date to which interest has been paid or duly provided for, as the case may
be, to, but excluding, such Interest Payment Date or the Maturity Date, as the case may be. 
  
 Unless otherwise specified above, the interest payable on any Interest Payment Date will be paid to the Person that was the Holder on the Regular Record Date for such Interest Payment Date, which Regular Record Date
shall be the fifteenth (15th) calendar day, whether or not a Business Day, immediately preceding the related
Interest Payment Date; provided that, notwithstanding any provision of the Indenture to the contrary, interest payable on any Maturity Date shall be payable to the Person to whom principal shall be payable; and provided, further, that
unless otherwise specified above, in the case of a Note initially issued between a Regular Record Date and the Interest Payment Date relating to such Regular Record Date, interest for the period beginning on the Original Issue Date and ending on
such Interest Payment Date shall be paid on the Interest Payment Date following the next succeeding Regular Record Date to the Holder on such next succeeding Regular Record Date. 
  
 Payments of principal and premium, if any, and interest and other amounts due and owing, if any, will be made through the
Indenture Trustee to the account of DTC or its nominee and will be made in accordance with depositary arrangements with DTC. 
  
 Unless otherwise specified on the face hereof, the Holder hereof will not be obligated to pay any administrative costs imposed by banks in making payments
in immediately available funds by the Trust. Unless otherwise specified on the face hereof, any tax assessment or governmental charge imposed upon payments hereunder, including, without limitation, any withholding tax, will be borne by the Holder
hereof. 
  

 A-2-3 

 REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS NOTE SET FORTH ON THE REVERSE HEREOF. SUCH
FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH AT THIS PLACE. 
  
 Unless the certificate of authentication hereon shall have been executed by the Indenture Trustee pursuant to the Indenture, this Note shall not be entitled to any benefit under such Indenture or be valid or
obligatory for any purpose. 
  

 A-2-4 

 IN WITNESS WHEREOF, the Trust has caused this instrument to be duly executed, by manual or facsimile
signature. 
  

					
	 	 	 THE GENWORTH GLOBAL FUNDING TRUST
             SPECIFIED ON THE FACE OF THIS NOTE

		
	 Dated:
	 	 By: The Bank of New York, not in its individual capacity
 but solely as Trustee.

			
	 	 	By:	 	  

	 	 	 	 	Authorized Officer

  
 CERTIFICATE OF
AUTHENTICATION 
  
 This is one of the Notes of the Genworth Global
Funding Trust specified on the face of this Note referred to in the within-mentioned Indenture. 
  

					
	 	 	 JPMORGAN CHASE BANK, N.A.,
 as Indenture
Trustee

		
	 Dated:
	 	 
			
	 	 	By:	 	  

	 	 	 	 	Authorized Officer

  

 A-2-5 

 [REVERSE FORM OF NOTE] 
  
 Section 1. General. This Note is one of a duly authorized issue of Notes of the Trust. The Notes are issued pursuant to
the Indenture. 
  
 Section 2. Currency. 
  
 (a) Unless specified otherwise on the face hereof, this Note is denominated
in, and payments of principal, premium, if any, and/or interest, if any, will be made in U.S. Dollars. If specified as the Specified Currency, this Note may be denominated in, and payments of principal, premium, if any, and/or interest, if any, may
be made in a single currency other than U.S. Dollars (a “Foreign Currency”). If this Note is denominated in a Foreign Currency, the Holder of this Note is required to pay for this Note in the Specified Currency. 
  
 (b) Unless specified otherwise on the face hereof, if this Note is
denominated in a Foreign Currency, the Trust is obligated to make payments of principal and premium, if any, and interest, if any, on, this Note in the Specified Currency. Any amounts so payable by the Trust in the Specified Currency will be
converted by the Exchange Rate Agent into U.S. Dollars for payment to the Holder hereof unless otherwise specified on the face of this Note or the Holder elects, in the manner described below, to receive these amounts in the Specified Currency. If
this Note is denominated in a Foreign Currency, any U.S. Dollar amount to be received by the Holder hereof will be based on the highest bid quotation in New York City received by the Exchange Rate Agent at approximately 11:00 A.M., New York
City time, on the second Business Day preceding the applicable payment date from three recognized foreign exchange dealers (one of whom may be the Exchange Rate Agent) selected by the Exchange Rate Agent and approved by the Trust for the purchase by
the quoting dealer of the Specified Currency for U.S. Dollars for settlement on that payment date in the aggregate amount of the Specified Currency payable to all Holders of the Notes scheduled to receive U.S. Dollar payments and at which the
applicable dealer commits to execute a contract. All currency exchange costs will be borne by the Holders of the Notes by deductions from any payments. If three bid quotations are not available, payments will be made in the Specified Currency. If
this Note is denominated in a Foreign Currency, the Holder of this Note may elect to receive all or a specified portion of any payment of principal, premium, if any, and/or interest, if any, in the Specified Currency by submitting a written request
to the Indenture Trustee at its Corporate Trust Office in New York City on or prior to the applicable Regular Record Date or at least 15 calendar days prior to the Maturity Date, as the case may be. This written request may be mailed or hand
delivered or sent by cable, telex or other form of facsimile transmission. This election will remain in effect until revoked by written notice delivered to the Indenture Trustee on or prior to a Regular Record Date or at least 15 calendar days prior
to the Maturity Date, as the case may be. The Holder of a Note denominated in a Foreign Currency to be held in the name of a broker or nominee should contact their broker or nominee to determine whether and how an election to receive payments in the
Specified Currency may be made. Unless specified otherwise on the face hereof, if the Specified Currency is other than U.S. Dollars, a beneficial owner of a Note represented by a global security which elects to receive payments of principal,
premium, if any, and/or interest, if any, in the Specified Currency must notify the Participant through which it owns its interest on or prior to the applicable Regular Record Date or at least 15 calendar days prior to the Maturity Date, as the

  

 A-2-6 

 
case may be, of its election. The applicable Participant must notify DTC of its election on or prior to the third Business Day after the applicable Regular
Record Date or at least 12 calendar days prior to the Maturity Date, as the case may be, and DTC will notify the Indenture Trustee of that election on or prior to the fifth Business Day after the applicable Regular Record Date or at least ten
calendar days prior the Maturity Date, as the case may be. If complete instructions are received by the Participant from the applicable beneficial owner and forwarded by the Participant to DTC, and by DTC to the Indenture Trustee, on or prior to
such dates, then the applicable beneficial owner will receive payments in the Specified Currency. 
  
 (c) The Trust will indemnify the Holder hereof against any loss incurred as a result of any judgment or order being given or made for any amount due under
this Note and that judgment or order requiring payment in a currency (the “Judgment Currency”) other than the Specified Currency, and as a result of any variation between: (i) the rate of exchange at which the Specified Currency
amount is converted into the Judgment Currency for the purpose of that judgment or order; and (ii) the rate of exchange at which the Holder, on the date of payment of that judgment or order, is able to purchase the Specified Currency with the
amount of the Judgment Currency actually received. 
  
 (d) Unless
otherwise specified on the face hereof, if payment hereon is required to be made in a Foreign Currency and such currency is unavailable due to the imposition of exchange controls or other circumstances beyond the Trust’s control, then the Trust
will be entitled to make payments with respect hereto in U.S. Dollars on the basis of the Market Exchange Rate (as hereinafter defined), computed by the Exchange Rate Agent, on the second Business Day prior to the particular payment or, if the
Market Exchange Rate is not then available, on the basis of the most recently available Market Exchange Rate. 
  
 (e) The “Market Exchange Rate” for the Foreign Currency shall mean the noon dollar buying rate in New York City for cable transfers for the
Foreign Currency as certified for customs purposes (or, if not so certified, as otherwise determined) by the Federal Reserve Bank of New York. 
  
 (f) All determinations made by the Exchange Rate Agent shall be at its sole discretion and shall, in the absence of manifest error, be conclusive for all
purposes and binding on the Holder hereof. 
  
 (g) All costs of
exchange in respect of this Note, if denominated in a Foreign Currency, will be borne by the Holder hereof. 
  
 Section 3. Determination of Interest Rate and Certain Other Terms. 
  
 (a) Fixed Rate Notes. If this Note is specified on the face hereof as a “Fixed Rate Note”: 
  
 (i) This Note will bear interest at the rate per annum specified on the face
hereof. Interest on this Note will be computed on the basis of a 360-day year of twelve 30-day months. 
  
 (ii) Unless otherwise specified on the face hereof, the Interest Payment Dates for this Note will be as follows: 
  

 A-2-7 

			
	 Interest Payment Frequency

	    	 Interest Payment Dates

	Monthly	    	Fifteenth day of each calendar month, beginning in the first calendar month following the month this Note was issued.
		
	Quarterly	    	Fifteenth day of each March, June, September and December, beginning on the first such date following the date this Note was issued.
		
	Semi-annual	    	Fifteenth day of the two months of each year specified on the face hereof, beginning on the first such date following the date this Note was issued.
		
	Annual	    	Fifteenth day of the month of each year specified on the face hereof, beginning on the first such date following the date this Note was issued.

  
 (iii) Unless
otherwise specified on the face hereof, if any Interest Payment Date or the Maturity Date of this Note falls on a day that is not a Business Day, the Trust will make the required payment of principal, premium, if any, and/or interest or other
amounts on the next succeeding Business Day, and no additional interest will accrue in respect of the payment made on that next succeeding Business Day. 
  
 (b) Floating Rate Notes. If this Note is specified on the face hereof as a “Floating Rate Note”: 
  
 (i) Interest Rate Basis. As specified on the face hereof, interest on
this Note will be determined by reference to the applicable Interest Rate Basis or Interest Rate Bases, which may, as described below, include the CD Rate, the CMT Rate, the Commercial Paper Rate, the Eleventh District Cost of Funds Rate, the
Federal Funds Rate, LIBOR, EURIBOR, the Prime Rate or the Treasury Rate (each as defined below). 
  
 (ii) Effective Rate. The rate derived from the applicable Interest Rate Basis or Interest Rate Bases will be determined in accordance with the
related provisions below. The interest rate in effect on each day will be based on: (1) if that day is an Interest Reset Date, the rate determined as of the Interest Determination Date immediately preceding that Interest Reset Date; or
(2) if that day is not an Interest Reset Date, the rate determined as of the Interest Determination Date immediately preceding the most recent Interest Reset Date. 
  
 (iii) Spread; Spread Multiplier; Index Maturity. The “Spread” is the number of basis points (one
one-hundredth of a percentage point) specified on the face hereof to be added to or subtracted from the related Interest Rate Basis or Interest Rate Bases applicable to this Note. The “Spread Multiplier” is the percentage specified on

  

 A-2-8 

 
the face hereof of the related Interest Rate Basis or Interest Rate Bases applicable to this Note by which the Interest Rate Basis or Interest Rate Bases
will be multiplied to determine the applicable interest rate. The “Index Maturity” is the period to maturity of the instrument or obligation with respect to which the related Interest Rate Basis or Interest Rate Bases will be calculated.

  
 (iv) Floating Rate Note. Unless this Note is specified
on the face hereof as a Floating Rate/Fixed Rate Note, a Fixed Rate/Floating Rate Note or an Inverse Floating Rate Note, this Note (a “Floating Rate Note”) will bear interest at the rate determined by reference to the applicable Interest
Rate Basis or Interest Rate Bases: (1) plus or minus the applicable Spread, if any; and/or (2) multiplied by the applicable Spread Multiplier, if any; provided, however, that interest on this Note will not be less than zero.
Commencing on the first Interest Reset Date, the rate at which interest on this Floating Rate Note is payable will be reset as of each Interest Reset Date; provided, however, that the interest rate in effect for the period, if any,
from the Original Issue Date to the first Interest Reset Date will be the Initial Interest Rate. 
  
 (v) Floating Rate/Fixed Rate Notes. If this Note is specified on the face hereof as a “Floating Rate/Fixed Rate Note”, this Note will
bear interest at the rate determined by reference to the applicable Interest Rate Basis or Interest Rate Bases: (1) plus or minus the applicable Spread, if any; and/or (2) multiplied by the applicable Spread Multiplier, if any;
provided, however, that interest on this Note will not be less than zero. Commencing on the first Interest Reset Date, the rate at which this Floating Rate/Fixed Rate Note is payable will be reset as of each Interest Reset Date;
provided, however, that: (A) the interest rate in effect for the period, if any, from the Original Issue Date to the first Interest Reset Date will be the Initial Interest Rate specified on the face hereof; and (B) the
interest rate in effect commencing on the Fixed Rate Commencement Date will be the Fixed Interest Rate, if specified on the face hereof, or, if not so specified, the interest rate in effect on the day immediately preceding the Fixed Rate
Commencement Date. 
  
 (vi) Fixed Rate/Floating Rate
Notes. If this Note is specified on the face hereof as a “Fixed Rate/Floating Rate Note”, this Note will bear interest at the rate per annum specified on the face hereof as the Fixed Interest Rate; provided, however, that
commencing on the Floating Rate Commencement Date, this Note will bear interest at the rate determined by reference to the applicable Interest Rate Basis or Interest Rate Bases: (1) plus or minus the applicable Spread, if any; and/or
(2) multiplied by the applicable Spread Multiplier, if any; provided, however, that interest on this Note will not be less than zero. Commencing on the first Interest Reset Date, the rate at which this Fixed Rate/Floating Rate
Note is payable will be reset as of each Interest Reset Date. 
  
 (vii) Inverse Floating Rate Notes. If this Note is specified on the face hereof as an “Inverse Floating Rate Note”, this Note will bear interest at the Fixed Interest Rate minus the rate determined by reference to the
applicable Interest Rate Basis or Interest Rate Bases: (1) plus or minus the applicable Spread, if any; and/or (2)

  

 A-2-9 

 
multiplied by the applicable Spread Multiplier, if any; provided, however, that interest on this Inverse Floating Rate Note will not be less than
zero. Commencing on the first Interest Reset Date, the rate at which interest on this Inverse Floating Rate Note is payable will be reset as of each Interest Reset Date; provided, however, that the interest rate in effect for the period, if
any, from the Original Issue Date to the first Interest Reset Date will be the Initial Interest Rate. 
  
 (viii) Interest Reset Dates. The period between Interest Reset Dates will be the “Interest Period.” Unless otherwise specified on the
face hereof, the Interest Reset Dates will be, in the case of this Floating Rate Note if by its terms it resets: (1) daily—each business day; (2) weekly—the Wednesday of each week, with the exception of any weekly reset Floating
Rate Note as to which the Treasury Rate is an applicable Interest Rate Basis, which will reset the Tuesday of each week; (3) monthly—the fifteenth day of each calendar month, with the exception of any monthly reset Floating Rate Note as to
which the Eleventh District Cost of Funds Rate is an applicable Interest Rate Basis, which will reset on the first calendar day of the month; (4) quarterly—the fifteenth day of March, June, September and December of each year;
(5) semi-annually—the fifteenth day of the two months of each year specified on the face hereof; and (6) annually—the fifteenth day of the month of each year specified on the face hereof; provided, however, that, with
respect to a Floating Rate/Fixed Rate Note, the rate of interest thereon will not reset after the particular Fixed Rate Commencement Date. If any Interest Reset Date for this Floating Rate Note would otherwise be a day that is not a Business Day,
the particular Interest Reset Date will be postponed to the next succeeding Business Day, except that in the case of a Floating Rate Note as to which LIBOR is an applicable Interest Rate Basis and that Business Day falls in the next succeeding
calendar month, the particular Interest Reset Date will be the immediately preceding Business Day. 
  
 (ix) Interest Determination Dates. Unless otherwise specified on the face hereof, the interest rate applicable to a Floating Rate Note for an
Interest Period commencing on the related Interest Reset Date will be determined by reference to the applicable Interest Rate Basis as of the particular “Interest Determination Date”, which will be: (1) with respect to the Commercial
Paper Rate, Federal Funds Rate and the Prime Rate—the Business Day immediately preceding the related Interest Reset Date; (2) with respect to the CD Rate and the CMT Rate—the second Business Day preceding the related Interest Reset
Date; (3) with respect to the Eleventh District Cost of Funds Rate—the last working day of the month immediately preceding the related Interest Reset Date on which the Federal Home Loan Bank of San Francisco publishes the Eleventh District
Index (as defined below); (4) with respect to LIBOR and EURIBOR—the second London Banking Day (as defined below) preceding the related Interest Reset Date; and (5) with respect to the Treasury Rate—the day of the week in which
the related Interest Reset Date falls on which day Treasury Bills (as defined below) are normally auctioned (i.e., Treasury Bills are normally sold at auction on Monday of each week, unless that day is a legal holiday, in which case the auction is
normally held on the following Tuesday, except that the auction may be held on the preceding Friday); provided, however, that if an auction 

  

 A-2-10 

 
is held on the Friday of the week preceding the related Interest Reset Date, the Interest Determination Date will be the preceding Friday. Unless otherwise
specified on the face hereof, the Interest Determination Date pertaining to a Floating Rate Note, the interest rate of which is determined with reference to two or more Interest Rate Bases, will be the latest Business Day which is at least two
Business Days before the related Interest Reset Date for the applicable Floating Rate Note on which each Interest Reset Basis is determinable. “London Banking Day” means a day on which commercial banks are open for business (including
dealings in the LIBOR Currency, as hereinafter defined) in London. 
  
 (x) Calculation Dates. The interest rate applicable to each Interest Period will be determined by the Calculation Agent on or prior to the Calculation Date (as defined below), except with respect to LIBOR, EURIBOR and the Eleventh
District Cost of Funds Rate, which will be determined on the particular Interest Determination Date. Upon request of the Holder of a Floating Rate Note, the Calculation Agent will disclose the interest rate then in effect and, if determined, the
interest rate that will become effective as a result of a determination made for the next succeeding Interest Reset Date with respect to such Floating Rate Note. The “Calculation Date”, if applicable, pertaining to any Interest
Determination Date will be the earlier of: (1) the tenth calendar day after the particular Interest Determination Date or, if such day is not a Business Day, the next succeeding Business Day; or (2) the Business Day immediately preceding
the applicable Interest Payment Date or the Maturity Date, as the case may be. 
  
 (xi) Maximum or Minimum Interest Rate. If specified on the face hereof, this Note may have either or both of a Maximum Interest Rate or a Minimum Interest Rate. If a Maximum Interest Rate is so designated, the
interest rate for a Floating Rate Note cannot ever exceed such Maximum Interest Rate and in the event that the interest rate on any Interest Reset Date would exceed such Maximum Interest Rate (as if no Maximum Interest Rate were in effect) then the
interest rate on such Interest Reset Date shall be the Maximum Interest Rate. If a Minimum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever be less than such Minimum Interest Rate and in the event that the
interest rate on any Interest Reset Date would be less than such Minimum Interest Rate (as if no Minimum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Minimum Interest Rate. Notwithstanding anything to
the contrary contained herein, the interest rate on a Floating Rate Note shall not exceed the maximum interest rate permitted by applicable law. 
  
 (xii) Interest Payments. Unless otherwise specified on the face hereof, the Interest Payment Dates will be, in the case of a Floating Rate Note
which resets: (1) daily, weekly or monthly—the fifteenth day of each calendar month; (2) quarterly—the fifteenth day of March, June, September and December of each year; (3) semi-annually—the fifteenth day of the two
months of each year specified on the face hereof; and (4) annually—the fifteenth day of the month of each year as specified on the face hereof. In addition, the Maturity Date will also be an Interest Payment Date. If any Interest Payment
Date other than the Maturity Date for this Floating Rate Note 

  

 A-2-11 

 
would otherwise be a day that is not a Business Day, such Interest Payment Date will be postponed to the next succeeding Business Day, except that in the
case of a Floating Rate Note as to which LIBOR is an applicable Interest Rate Basis and that Business Day falls in the next succeeding calendar month, the particular Interest Payment Date will be the immediately preceding Business Day. If the
Maturity Date of a Floating Rate Note falls on a day that is not a Business Day, the Trust will make the required payment of principal, premium, if any, and interest, if any, or other amounts on the next succeeding Business Day, and no additional
interest will accrue in respect of the payment made on that next succeeding Business Day. 
  
 (xiii) Rounding. Unless otherwise specified on the face hereof, all percentages resulting from any calculation on this Floating Rate Note will be rounded to the nearest one hundred-thousandth of a percentage
point, with five one-millionths of a percentage point rounded upwards. All amounts used in or resulting from any calculation on this Floating Rate Note will be rounded, in the case of U.S. Dollars, to the nearest cent or, in the case of a Foreign
Currency, to the nearest unit (with one-half cent or unit being rounded upwards). 
  
 (xiv) Interest Factor. With respect to this Floating Rate Note, accrued interest is calculated by multiplying the principal amount of such Note by an accrued interest factor. The accrued interest factor is
computed by adding the interest factor calculated for each day in the particular Interest Period. Unless otherwise specified on the face hereof, the interest factor for each day will be computed by dividing the interest rate applicable to such day
by 360, in the case of a Floating Rate Note as to which the CD Rate, the Commercial Paper Rate, the Eleventh District Cost of Funds Rate, the Federal Funds Rate, LIBOR, EURIBOR or the Prime Rate is an applicable Interest Rate Basis, or by the actual
number of days in the year, in the case of a Floating Rate Note as to which the CMT Rate or the Treasury Rate is an applicable Interest Rate Basis. The interest factor for a Floating Rate Note as to which the interest rate is calculated with
reference to two or more Interest Rate Bases will be calculated in each period in the same manner as if only the applicable Interest Rate Basis specified above applied. 
  
 (xv) Determination of Interest Rate Basis. The Calculation Agent shall determine the rate derived from each Interest
Rate Basis in accordance with the following provisions: 
  
 (A)
CD Rate Notes. If the Interest Rate Basis is the CD Rate, this Note shall be deemed a “CD Rate Note.” Unless otherwise specified on the face hereof, “CD Rate” means: (1) the rate on the particular Interest
Determination Date for negotiable United States Dollar certificates of deposit having the Index Maturity specified on the face hereof as published in H.15(519) (as defined below) under the caption “CDs (secondary market)”; or (2) if
the rate referred to in clause (1) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the particular Interest Determination Date for negotiable United States Dollar certificates of deposit of the
particular Index Maturity as published in H.15 Daily Update (as defined below), or other recognized electronic source 

  

 A-2-12 

 
used for the purpose of displaying the applicable rate, under the caption “CDs (secondary market)”; or (3) if the rate referred to in clause
(2) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the particular Interest Determination Date calculated by the Calculation Agent as the arithmetic mean of the secondary market offered rates
as of 10:00 A.M., New York City time, on that Interest Determination Date, of three leading non-bank dealers in negotiable United States Dollar certificates of deposit in New York City (which may include the purchasing agent or its affiliates)
selected by the Calculation Agent for negotiable United States Dollar certificates of deposit of major United States money market banks for negotiable United States certificates of deposit with a remaining maturity closest to the particular Index
Maturity in an amount that is representative for a single transaction in that market at that time; or (4) if the dealers so selected by the Calculation Agent are not quoting as mentioned in clause (3), the CD Rate in effect on the particular
Interest Determination Date. “H.15(519)” means the weekly statistical release designated as H.15(519), or any successor publication, published by the Board of Governors of the Federal Reserve System. “H.15 Daily Update” means the
daily update of H.15(519), available through the world-wide-web site of the Board of Governors of the Federal Reserve System at http://www.federalreserve.gov/releases/H15/ update, or any successor site or publication. 
  
 (B) CMT Rate Notes. If the Interest Rate Basis is the CMT Rate, this
Note shall be deemed a “CMT Rate Note.” Unless otherwise specified on the face hereof, “CMT Rate” means: 
  
 (1) if CMT Moneyline Telerate Page 7051 is specified on the face hereof: 
  

	 	i.	the percentage equal to the yield for United States Treasury securities at “constant maturity” having the Index Maturity specified on the face hereof as published in
H.15(519) under the caption “Treasury Constant Maturities”, as the yield is displayed on Moneyline Telerate (or any successor service) on page 7051 (or any other page as may replace the specified page on that service) (“Moneyline
Telerate Page 7051”), for the particular Interest Determination Date; or 

  

	 	ii.	if the rate referred to in clause (i) does not so appear on Moneyline Telerate Page 7051, the percentage equal to the yield for United States Treasury securities at
“constant maturity” having the particular Index Maturity and for the particular Interest Determination Date as published in H.15(519) under the caption “Treasury Constant Maturities”; or 

  

	 	iii.	 if the rate referred to in clause (ii) does not so appear in H.15(519), the rate on the particular Interest Determination Date for the period of the particular
Index Maturity as may then be published by either the Federal Reserve System Board of 

  

 A-2-13 

 
Governors or the United States Department of the Treasury that the Calculation Agent determines to be comparable to the rate which would otherwise have been
published in H.15(519); or 
  

	 	iv.	if the rate referred to in clause (iii) is not so published, the rate on the particular Interest Determination Date calculated by the Calculation Agent as a yield to maturity
based on the arithmetic mean of the secondary market bid prices at approximately 3:30 P.M., New York City time, on that Interest Determination Date of three leading primary United States government securities dealers in New York City (which may
include the purchasing agent or its affiliates) (each, a “Reference Dealer”) selected by the Calculation Agent from five Reference Dealers selected by the Calculation Agent and eliminating the highest quotation, or, in the event of
equality, one of the highest, and the lowest quotation or, in the event of equality, one of the lowest, for United States Treasury securities with an original maturity equal to the particular Index Maturity, a remaining term to maturity no more than
one year shorter than that Index Maturity and in a principal amount that is representative for a single transaction in the securities in that market at that time; or 

  

	 	v.	if fewer than five but more than two of the prices referred to in clause (iv) are provided as requested, the rate on the particular Interest Determination Date calculated by
the Calculation Agent based on the arithmetic mean of the bid prices obtained and neither the highest nor the lowest of the quotations shall be eliminated; or 

  

	 	vi.	if fewer than three prices referred to in clause (iv) are provided as requested, the rate on the particular Interest Determination Date calculated by the Calculation Agent as a
yield to maturity based on the arithmetic mean of the secondary market bid prices as of approximately 3:30 P.M., New York City time, on that Interest Determination Date of three Reference Dealers selected by the Calculation Agent from five Reference
Dealers selected by the Calculation Agent and eliminating the highest quotation or, in the event of equality, one of the highest and the lowest quotation or, in the event of equality, one of the lowest, for United States Treasury securities with an
original maturity greater than the particular Index Maturity, a remaining term to maturity closest to that Index Maturity and in a principal amount that is representative for a single transaction in the securities in that market at that time; or

  

	 	vii.	 if fewer than five but more than two prices referred to in clause (vi) are provided as requested, the rate on the particular Interest 

  

 A-2-14 

 
Determination Date calculated by the Calculation Agent based on the arithmetic mean of the bid prices obtained and neither the highest nor the lowest of the
quotations will be eliminated; or 
  

	 	viii.	if fewer than three prices referred to in clause (vi) are provided as requested, the CMT Rate in effect on the particular Interest Determination Date; or

  
 (2) if CMT Moneyline Telerate
Page 7052 is specified on the face hereof: 
  

	 	i.	the percentage equal to the one-week or one-month, as specified on the face hereof, average yield for United States Treasury securities at “constant maturity” having the
Index Maturity specified on the face hereof as published in H.15(519) opposite the caption “Treasury Constant Maturities”, as the yield is displayed on Moneyline Telerate (or any successor service) (on page 7052 or any other page as may
replace the specified page on that service) (“Moneyline Telerate Page 7052”), for the week or month, as applicable, ended immediately preceding the week or month, as applicable, in which the particular Interest Determination Date falls; or

  

	 	ii.	if the rate referred to in clause (i) does not so appear on Moneyline Telerate Page 7052, the percentage equal to the one-week or one-month, as specified on the face hereof,
average yield for United States Treasury securities at “constant maturity” having the particular Index Maturity and for the week or month, as applicable, preceding the particular Interest Determination Date as published in H.15(519)
opposite the caption “Treasury Constant Maturities”; or 

  

	 	iii.	if the rate referred to in clause (ii) does not so appear in H.15(519), the one-week or one-month, as specified on the face hereof, average yield for United States Treasury
securities at “constant maturity” having the particular Index Maturity as otherwise announced by the Federal Reserve Bank of New York for the week or month, as applicable, ended immediately preceding the week or month, as applicable, in
which the particular Interest Determination Date falls; or 

  

	 	iv.	 if the rate referred to in clause (iii) is not so published, the rate on the particular Interest Determination Date calculated by the Calculation Agent as a
yield to maturity based on the arithmetic mean of the secondary market bid prices at approximately 3:30 P.M., New York City time, on that Interest Determination Date of three Reference Dealers selected by the Calculation Agent from five Reference
Dealers selected by the Calculation Agent and 

  

 A-2-15 

 
eliminating the highest quotation, or, in the event of equality, one of the highest, and the lowest quotation or, in the event of equality, one of the
lowest, for United States Treasury securities with an original maturity equal to the particular Index Maturity, a remaining term to maturity no more than one year shorter than that Index Maturity and in a principal amount that is representative for
a single transaction in the securities in that market at that time; or 
  

	 	v.	if fewer than five but more than two of the prices referred to in clause (iv) are provided as requested, the rate on the particular Interest Determination Date calculated by
the Calculation Agent based on the arithmetic mean of the bid prices obtained and neither the highest nor the lowest of the quotations shall be eliminated; or 

  

	 	vi.	if fewer than three prices referred to in clause (iv) are provided as requested, the rate on the particular Interest Determination Date calculated by the Calculation Agent as a
yield to maturity based on the arithmetic mean of the secondary market bid prices as of approximately 3:30 P.M., New York City time, on that Interest Determination Date of three Reference Dealers selected by the Calculation Agent from five Reference
Dealers selected by the Calculation Agent and eliminating the highest quotation or, in the event of equality, one of the highest and the lowest quotation or, in the event of equality, one of the lowest, for United States Treasury securities with an
original maturity greater than the particular Index Maturity, a remaining term to maturity closest to that Index Maturity and in a principal amount that is representative for a single transaction in the securities in that market at the time; or

  

	 	vii.	if fewer than five but more than two prices referred to in clause (vi) are provided as requested, the rate on the particular Interest Determination Date calculated by the
Calculation Agent based on the arithmetic mean of the bid prices obtained and neither the highest nor the lowest of the quotations will be eliminated; or 

  

	 	viii.	if fewer than three prices referred to in clause (vi) are provided as requested, the CMT Rate in effect on that Interest Determination Date. 

  
 If two United States Treasury securities with an original maturity greater
than the Index Maturity specified on the face hereof have remaining terms to maturity equally close to the particular Index Maturity, the quotes for the United States Treasury security with the shorter original remaining term to maturity will be
used. 
  

 A-2-16 

 (C) Commercial Paper Rate Notes. If the Interest Rate Basis is the Commercial Paper Rate, this
Note shall be deemed a “Commercial Paper Rate Note.” Unless otherwise specified on the face hereof, “Commercial Paper Rate” means: (1) the Money Market Yield (as defined below) on the particular Interest Determination Date
of the rate for commercial paper having the Index Maturity specified on the face hereof as published in H.15(519) under the caption “Commercial Paper—Nonfinancial”; or (2) if the rate referred to in clause (1) is not so
published by 3:00 P.M., New York City time, on the related Calculation Date, the Money Market Yield of the rate on the particular Interest Determination Date for commercial paper having the particular Index Maturity as published in H.15 Daily
Update, or such other recognized electronic source used for the purpose of displaying the applicable rate, under the caption “Commercial Paper—Nonfinancial”; or (3) if the rate referred to in clause (2) is not so published
by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the particular Interest Determination Date calculated by the Calculation Agent as the Money Market Yield of the arithmetic mean of the offered rates at approximately
11:00 A.M., New York City time, on that Interest Determination Date of three leading dealers of United States Dollar commercial paper in New York City (which may include the purchasing agent or its affiliates) selected by the Calculation Agent for
commercial paper having the particular Index Maturity placed for industrial issuers whose bond rating is “Aa”, or the equivalent, from a nationally recognized statistical rating organization; or (4) if the dealers so selected by the
Calculation Agent are not quoting as mentioned in clause (3), the Commercial Paper Rate in effect on the particular Interest Determination Date. “Money Market Yield” means a yield (expressed as a percentage) calculated in accordance with
the following formula: 
  

					
	Money Market Yield =	  	D x 360	  	x 100
	 	  	360 – (D x M)	  	 

  
 where “D”
refers to the applicable per annum rate for commercial paper quoted on a bank discount basis and expressed as a decimal, and “M” refers to the actual number of days in the applicable Interest Period. 
  
 (D) Eleventh District Cost of Funds Rate Notes. If the Interest Rate
Basis is the Eleventh District Cost of Funds Rate, this Note shall be deemed an “Eleventh District Cost of Funds Rate Note.” Unless otherwise specified on the face hereof, “Eleventh District Cost of Funds Rate” means:
(1) the rate equal to the monthly weighted average cost of funds for the calendar month immediately preceding the month in which the particular Interest Determination Date falls as set forth under the caption “11th District” on the
display on Moneyline Telerate (or any successor service) on page 7058 (or any other page as may replace the specified page on that service) (“Moneyline Telerate Page 7058”) as of 11:00 A.M., San Francisco time, on that Interest
Determination Date; or (2) if the rate referred to in clause (1) does not so appear on Moneyline Telerate Page 7058, the monthly weighted average cost of funds paid by member institutions of the Eleventh Federal Home Loan Bank District
that was most recently announced (the “Eleventh District 

  

 A-2-17 

 
Index”) by the Federal Home Loan Bank of San Francisco as the cost of funds for the calendar month immediately preceding that Interest Determination
Date; or (3) if the Federal Home Loan Bank of San Francisco fails to announce the Eleventh District Index on or prior to the particular Interest Determination Date for the calendar month immediately preceding that Interest Determination Date,
the Eleventh District Cost of Funds Rate in effect on the particular Interest Determination Date. 
  
 (E) EURIBOR Notes. If the Interest Rate Basis is EURIBOR, this Note shall be deemed a “EURIBOR Note.” Unless otherwise specified on the
face hereof, “EURIBOR” means: (1) with respect to any Interest Determination Date relating to this EURIBOR Note (a “EURIBOR Interest Determination Date”), the rate for deposits in Euros as sponsored, calculated and published
jointly by the European Banking Federation and ACI – The Financial Market Association, or any company established by the joint sponsors for purposes of compiling and publishing those rates, having the Index Maturity specified on the face
hereof, commencing on the applicable Interest Reset Date, as the rate appears on Moneyline Telerate or any successor service, on page 248 (or any other page as may replace that specified page on the service) (“Moneyline Telerate Page 248”)
as of 11:00 A.M., Brussels time, on the applicable EURIBOR Interest Determination Date; or (2) if such rate does not appear on Moneyline Telerate Page 248, or is not so published by 11:00 A.M., Brussels time, on the applicable EURIBOR Interest
Determination Date, such rate will be calculated by the Calculation Agent and will be the arithmetic mean of at least two quotations obtained by the Calculation Agent after requesting the principal Euro-zone (as defined below) offices of four major
banks in the Euro-zone interbank market to provide the Calculation Agent with its offered quotation for deposits in Euros for the period of the Index Maturity specified on the face hereof, commencing on the applicable Interest Reset Date, to prime
banks in the Euro-zone interbank market at approximately 11:00 A.M., Brussels time, on the applicable EURIBOR Interest Determination Date and in a principal amount not less than the equivalent of $1 million in Euros that is representative for a
single transaction in Euro in the market at that time; or (3) if fewer than two such quotations are so provided, the rate on the applicable EURIBOR Interest Determination Date will be calculated by the Calculation Agent and will be the
arithmetic mean of the rates quoted at approximately 11:00 A.M., Brussels time, on such EURIBOR Interest Determination Date by four major banks in the Euro-zone for loans in Euro to leading European banks, having the Index Maturity specified on the
face hereof, commencing on the applicable Interest Reset Date and in a principal amount not less than the equivalent of $1 million in Euros that is representative for a single transaction in Euros in the market at that time; or (4) if the banks
so selected by the Calculation Agent are not quoting as mentioned above, EURIBOR will be EURIBOR in effect on the applicable EURIBOR Interest Determination Date. “Euro-zone” means the region comprised of member states of the European Union
that have adopted the single currency in accordance with the Treaty establishing the European Community, as amended by the Treaty on European Union. 
  

 A-2-18 

 (F) Federal Funds Rate Notes. If the Interest Rate Basis is the Federal Funds Rate, this Note
shall be deemed a “Federal Funds Rate Note.” Unless otherwise specified on the face hereof, “Federal Funds Rate” means: (1) the rate on the particular Interest Determination Date for United States Dollar federal funds as
published in H.15(519) under the caption “Federal Funds (Effective)” and displayed on Moneyline Telerate (or any successor service) on page 120 (or any other page as may replace the specified page on that service) (“Moneyline Telerate
Page 120”); or (2) if the rate referred to in clause (1) does not so appear on Moneyline Telerate Page 120 or is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the particular Interest
Determination Date for United States Dollar federal funds as published in H.15 Daily Update, or such other recognized electronic source used for the purpose of displaying the applicable rate, under the caption “Federal Funds (Effective)”;
or (3) if the rate referred to in clause (2) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the particular Interest Determination Date calculated by the Calculation Agent as the
arithmetic mean of the rates for the last transaction in overnight United States Dollar federal funds arranged by three leading brokers of United States Dollar federal funds transactions in New York City (which may include the purchasing agent or
its affiliates) selected by the Calculation Agent prior to 9:00 A.M., New York City time, on that Interest Determination Date; or (4) if the brokers so selected by the Calculation Agent are not quoting as mentioned in clause (3), the Federal
Funds Rate in effect on the particular Interest Determination Date. 
  
 (G) LIBOR Notes. If the Interest Rate Basis is LIBOR, this Note shall be deemed a “LIBOR Note.” Unless otherwise specified on the face hereof, “LIBOR” means: (1) if “LIBOR Moneyline Telerate” is
specified on the face hereof or if neither “LIBOR Reuters” nor “LIBOR Moneyline Telerate” is specified on the face hereof as the method for calculating LIBOR, the rate for deposits in the LIBOR Currency having the Index Maturity
specified on the face hereof, commencing on the related Interest Reset Date, that appears on the LIBOR Page (as defined below) as of 11:00 A.M., London time, on the particular Interest Determination Date; or (2) if “LIBOR Reuters” is
specified on the face hereof, the arithmetic mean of the offered rates, calculated by the Calculation Agent, or the offered rate, if the LIBOR Page by its terms provides only for a single rate, for deposits in the LIBOR Currency having the
particular Index Maturity, commencing on the related Interest Reset Date, that appear or appears, as the case may be, on the LIBOR Page as of 11:00 A.M., London time, on the particular Interest Determination Date; or (3) if fewer than two
offered rates appear, or no rate appears, as the case may be, on the particular Interest Determination Date on the LIBOR Page as specified in clause (1) or (2), as applicable, the rate calculated by the Calculation Agent of at least two offered
quotations obtained by the Calculation Agent after requesting the principal London offices of each of four major reference banks (which may include affiliates of the purchasing agent) in the London interbank market to provide the Calculation Agent
with its offered quotation for deposits in the LIBOR Currency for the period of the particular Index Maturity, commencing on the related Interest 

  

 A-2-19 

 
Reset Date, to prime banks in the London interbank market at approximately 11:00 A.M., London time, on that Interest Determination Date and in a principal
amount that is representative for a single transaction in the LIBOR Currency in that market at that time; or (4) if fewer than two offered quotations referred to in clause (3) are provided as requested, the rate calculated by the
Calculation Agent as the arithmetic mean of the rates quoted at approximately 11:00 A.M., in the applicable Principal Financial Center, on the particular Interest Determination Date by three major banks (which may include affiliates of the
purchasing agent) in that Principal Financial Center selected by the Calculation Agent for loans in the LIBOR Currency to leading European banks, having the particular Index Maturity and in a principal amount that is representative for a single
transaction in the LIBOR Currency in that market at that time; or (5) if the banks so selected by the Calculation Agent are not quoting as mentioned in clause (4), LIBOR in effect on the particular Interest Determination Date. “LIBOR
Currency” means the currency specified on the face hereof as to which LIBOR shall be calculated or, if no currency is specified on the face hereof, United States Dollars. “LIBOR Page” means either: (1) if “LIBOR
Reuters” is specified on the face hereof, the display on the Reuter Monitor Money Rates Service (or any successor service) on the page specified on the face hereof (or any other page as may replace that page on that service) for the purpose of
displaying the London interbank rates of major banks for the LIBOR Currency; or (2) if “LIBOR Moneyline Telerate” is specified on the face hereof or neither “LIBOR Reuters” nor “LIBOR Moneyline Telerate” is
specified on the face hereof as the method for calculating LIBOR, the display on Moneyline Telerate (or any successor service) on the page specified on the face hereof (or any other page as may replace such page on such service) for the purpose of
displaying the London interbank rates of major banks for the LIBOR Currency. 
  
 (H) Prime Rate Notes. If the Interest Rate Basis is the Prime Rate, this Note shall be deemed a “Prime Rate Note.” Unless otherwise specified on the face hereof, “Prime Rate” means:
(1) the rate on the particular Interest Determination Date as published in H.15(519) under the caption “Bank Prime Loan”; or (2) if the rate referred to in clause (1) is not so published by 3:00 P.M., New York City time, on
the related Calculation Date, the rate on the particular Interest Determination Date as published in H.15 Daily Update, or such other recognized electronic source used for the purpose of displaying the applicable rate, under the caption “Bank
Prime Loan”; or (3) if the rate referred to in clause (2) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the particular Interest Determination Date calculated by the Calculation
Agent as the arithmetic mean of the rates of interest publicly announced by each bank that appears on the Reuters Screen US PRIME 1 Page (as defined below) as the applicable bank’s prime rate or base lending rate as of 11:00 A.M., New York City
time, on that Interest Determination Date; or (4) if fewer than four rates referred to in clause (3) are so published by 3:00 p.m., New York City time, on the related Calculation Date, the rate on the particular Interest Determination Date
calculated by the Calculation Agent as the arithmetic mean of the prime rates or base lending rates quoted on the basis of the actual number of days in the year 

  

 A-2-20 

 
divided by a 360-day year as of the close of business on that Interest Determination Date by three major banks (which may include affiliates of the
purchasing agent) in New York City selected by the Calculation Agent; or (5) if the banks so selected by the Calculation Agent are not quoting as mentioned in clause (4), the Prime Rate in effect on the particular Interest Determination Date.
“Reuters Screen US PRIME 1 Page” means the display on the Reuter Monitor Money Rates Service (or any successor service) on the “US PRIME 1” page (or any other page as may replace that page on that service) for the purpose of
displaying prime rates or base lending rates of major United States banks. 
  
 (I) Treasury Rate Notes. If the Interest Rate Basis is the Treasury Rate, this Note shall be deemed a “Treasury Rate Note.” Unless otherwise specified on the face hereof, “Treasury Rate”
means: (1) the rate from the auction held on the Interest Determination Date (the “Auction”) of direct obligations of the United States (“Treasury Bills”) having the Index Maturity specified on the face hereof under the
caption “INVESTMENT RATE” on the display on Moneyline Telerate (or any successor service) on page 56 (or any other page as may replace that page on that service) (“Moneyline Telerate Page 56”) or page 57 (or any other page as may
replace that page on that service) (“Moneyline Telerate Page 57”); or (2) if the rate referred to in clause (1) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the Bond Equivalent Yield (as
defined below) of the rate for the applicable Treasury Bills as published in H.15 Daily Update, or another recognized electronic source used for the purpose of displaying the applicable rate, under the caption “U.S. Government
Securities/Treasury Bills/Auction High”; or (3) if the rate referred to in clause (2) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the Bond Equivalent Yield of the auction rate of the
applicable Treasury Bills as announced by the United States Department of the Treasury; or (4) if the rate referred to in clause (3) is not so announced by the United States Department of the Treasury, or if the Auction is not held, the
Bond Equivalent Yield of the rate on the particular Interest Determination Date of the applicable Treasury Bills as published in H.15(519) under the caption “U.S. Government Securities/Treasury Bills/Secondary Market”; or (5) if the
rate referred to in clause (4) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the particular Interest Determination Date of the applicable Treasury Bills as published in H.15 Daily Update, or
another recognized electronic source used for the purpose of displaying the applicable rate, under the caption “U.S. Government Securities/Treasury Bills/Secondary Market”; or (6) if the rate referred to in clause (5) is not so
published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the particular Interest Determination Date calculated by the Calculation Agent as the Bond Equivalent Yield of the arithmetic mean of the secondary market bid
rates, as of approximately 3:30 P.M., New York City time, on that Interest Determination Date, of three primary United States government securities dealers (which may include the purchasing agent or its affiliates) selected by the Calculation Agent,
for the issue of Treasury Bills with a remaining maturity closest to the Index Maturity specified on the face hereof; or (7) if the dealers so 

  

 A-2-21 

 
selected by the Calculation Agent are not quoting as mentioned in clause (6), the Treasury Rate in effect on the particular Interest Determination Date.
“Bond Equivalent Yield” means a yield (expressed as a percentage) calculated in accordance with the following formula: 
  

					
	Bond Equivalent Yield =	  	D x N	  	x 100
	 	  	360 – (D x M)	  	 

  
 where “D”
refers to the applicable per annum rate for Treasury Bills quoted on a bank discount basis and expressed as a decimal, “N” refers to 365 or 366, as the case may be, and “M” refers to the actual number of days in the applicable
Interest Period. 
  
 (c) Discount Notes. If this Note is
specified on the face hereof as a “Discount Note”: 
  
 (i) Principal and Interest. This Note will bear interest in the same manner as set forth in Section 3(a) above, and payments of principal and interest shall be made as set forth on the face hereof. Discount Notes may not bear
any interest currently or may bear interest at a rate that is below market rates at the time of issuance. The difference between the Issue Price of a Discount Note and par is referred to as the “Discount”. 
  
 (ii) Redemption; Repayment; Acceleration. In the event a Discount
Note is redeemed, repaid or accelerated, the amount payable to the Holder of such Discount Note will be equal to the sum of: (A) the Issue Price (increased by any accruals of Discount) and, in the event of any redemption of such Discount Note,
if applicable, multiplied by the Initial Redemption Percentage (as adjusted by the Annual Redemption Percentage Reduction, if applicable); and (B) any unpaid interest accrued on such Discount Note to the Maturity Date (“Amortized Face
Amount”). Unless otherwise specified on the face hereof, for purposes of determining the amount of Discount that has accrued as of any date on which a redemption, repayment or acceleration of maturity occurs for a Discount Note, a Discount will
be accrued using a constant yield method. The constant yield will be calculated using a 30-day month, 360-day year convention, a compounding period that, except for the Initial Period (as defined below), corresponds to the shortest period between
Interest Payment Dates for the applicable Discount Note (with ratable accruals within a compounding period), a coupon rate equal to the initial coupon rate applicable to the applicable Discount Note and an assumption that the maturity of such
Discount Note will not be accelerated. If the period from the date of issue to the first Interest Payment Date for a Discount Note (the “Initial Period”) is shorter than the compounding period for such Discount Note, a proportionate amount
of the yield for an entire compounding period will be accrued. If the Initial Period is longer than the compounding period, then the period will be divided into a regular compounding period and a short period with the short period being treated as
provided above. 
  
 (d) Amortizing Notes. If this Note is
specified on the face hereof as an “Amortizing Note”, this Note will bear interest in the same manner as set forth in Section 3(a) above, and payments on principal, premium, if any, and interest will be made as set forth on the face
hereof 

  

 A-2-22 

 
and/or in accordance with Schedule I attached hereto. The Trust will make payments combining principal, premium (if any) and interest, if applicable,
on the dates and in the amounts set forth in the table appearing in Schedule I attached to this Note or in accordance with the formula specified on the face hereof. Payments made hereon will be applied first to interest due and payable hereon
and then to the reduction of the unpaid principal amount hereof. 
  
 Section 4. Redemption. If no redemption right is set forth on the face hereof, this Note may not be redeemed prior to the Stated Maturity Date, except as set forth in the Indenture or in Section 10 hereof. In the
case of a Note that is not a Discount Note, if a redemption right is set forth on the face of this Note, the Trust shall elect to redeem this Note on the Interest Payment Date after the Initial Redemption Date set forth on the face hereof on which
the Funding Agreement is to be redeemed in whole or in part by GE Life and Annuity Assurance Company (“GELAAC”) (each, a “Redemption Date”), in which case this Note must be redeemed on such Redemption Date in whole or in part, as
applicable, prior to the Stated Maturity Date, in increments of $1,000 at the applicable Redemption Price (as defined below), together with unpaid interest, if any, accrued thereon to, but excluding, the applicable Redemption Date. “Redemption
Price” shall mean an amount equal to the Initial Redemption Percentage (as adjusted by the Annual Redemption Percentage Reduction, if applicable) multiplied by the unpaid Principal Amount of this Note to be redeemed. The unpaid Principal Amount
of this Note to be redeemed shall be determined by multiplying (1) the Outstanding principal amount of this Note by (2) the quotient derived by dividing (A) the outstanding principal amount of the Funding Agreement to be redeemed by
GELAAC by (B) the outstanding principal amount of the Funding Agreement. The Initial Redemption Percentage, if any, applicable to this Note shall decline at each anniversary of the Initial Redemption Date by an amount equal to the applicable
Annual Redemption Percentage Reduction, if any, until the Redemption Price is equal to 100% of the unpaid amount thereof to be redeemed. Notice must be given not more than seventy-five (75) nor less than forty-five (45) calendar days prior
to the proposed Redemption Date. In the event of redemption of this Note in part only, a new Note for the unredeemed portion hereof shall be issued in the name of the Holder hereof upon the surrender hereof. 
  
 Section 5. Sinking Funds and Amortizing Notes. Unless specified on the
face hereof, this Note will not be subject to, or entitled to the benefit of, any sinking fund. If this Note is an Amortizing Note, this Note may pay an amount in respect of both interest and principal amortized over the life of this Note.

  
 Section 6. Repayment. If no repayment right is set forth on
the face hereof, this Note may not be repaid at the option of the Holder hereof prior to the Stated Maturity Date. If a repayment right is granted on the face of this Note, this Note may be subject to repayment at the option of the Holder on any
Interest Payment Date on and after the date, if any, indicated on the face hereof (each, a “Repayment Date”). On any Repayment Date, unless otherwise specified on the face hereof, this Note shall be repayable in whole or in part in
increments of $1,000 at the option of the Holder hereof at a repayment price equal to 100% of the Principal Amount to be repaid, together with interest thereon payable to the Repayment Date. For this Note to be repaid in whole or in part at the
option of the Holder hereof, this Note must be received by the Indenture Trustee, with the form entitled “Option to Elect Repayment”, below, duly completed not more than sixty (60) nor less than thirty (30) days prior to a
Repayment Date. Exercise of such repayment option by the Holder hereof shall be irrevocable. In the event of a repayment of this Note in part only, a new Note for the portion hereof not repaid shall be issued in the name of the Holder hereof upon
the surrender hereof. 
  

 A-2-23 

 Section 7. Modifications and Waivers. The Indenture contains provisions permitting the Trust and the
Indenture Trustee (1) at any time and from time to time without notice to, or the consent of, the Holders of any Notes issued under the Indenture to enter into one or more supplemental indentures for certain enumerated purposes and
(2) with the consent of the Holders of a majority in aggregate principal amount of the Outstanding Notes affected thereby, to enter into one or more supplemental indentures for the purpose of adding any provisions to, or changing in any manner
or eliminating any of the provisions of, the Indenture or of modifying in any manner the rights of Holders of Notes under the Indenture; provided, that, with respect to certain enumerated provisions, no such supplemental indenture shall be
entered into without the consent of the Holder of each Note affected thereby. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon
the registration of transfer hereof or in exchange hereof or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note or such other Notes. 
  
 Section 8. Obligations Unconditional. No reference herein to the Indenture and no provisions of this Note or of the
Indenture shall impair the right of each Holder of any Note, which is absolute and unconditional, to receive payment of the principal, and any interest on, and premium, if any, on, such Note on the respective Stated Maturity Date or redemption date
thereof and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 
  
 Section 9. Events of Default. If an Event of Default with respect to this Note shall occur and be continuing, the principal of, and all other amounts
payable on, the Notes may be declared due and payable, or may be automatically accelerated, as the case may be, in the manner and with the effect provided in the Indenture. In the event that this Note is a Discount Note, the amount of principal of
this Note that becomes due and payable upon such acceleration shall be equal to the amount calculated as set forth in Section 3(c) hereof. 
  
 Section 10. Withholding; Tax Event and Redemption. All amounts due on this Note will be made without any applicable withholding or deduction for or on
account of any present or future taxes, duties, levies, assessments or other governmental charges of whatever nature imposed or levied by or on behalf of any governmental authority, unless such withholding or deduction is required by law. Unless
otherwise specified on the face hereof, the Trust will not pay any additional amounts to the Holder of this Note in respect of such withholding or deduction, any such withholding or deduction will not give rise to an event of default or any
independent right or obligation to redeem this Note and the Holder will be deemed for all purposes to have received cash in an amount equal to the portion of such withholding or deduction that is attributable to such Holder’s interest in this
Note as equitably determined by the Trust. 
  
 If (1) a Tax
Event (defined below) as to the Funding Agreement occurs and (2) GELAAC redeems the Funding Agreement in whole, the Trust will redeem the Notes, subject to the terms and conditions of Section 2.04 of the Indenture, at a Redemption
Price equal to the Outstanding principal amount of the Notes together with unpaid interest accrued thereon to the applicable redemption date. “Tax Event” means that GELAAC shall have received an opinion of 

  

 A-2-24 

 
independent legal counsel stating in effect that as a result of (a) any amendment to, or change (including any announced prospective change) in, the
laws (or any regulations thereunder) of the United States or any political subdivision or taxing authority thereof or therein or (b) any amendment to, or change in, an interpretation or application of any such laws or regulations by any
governmental authority in the United States, which amendment or change is enacted, promulgated, issued or announced on or after the effective date of the Funding Agreement, there is more than an insubstantial risk that (i) the Trust is, or will
be within ninety (90) days of the date thereof, subject to U.S. federal income tax with respect to interest accrued or received on the Funding Agreement or (ii) the Trust is, or will be within ninety (90) days of the date thereof,
subject to more than a de minimis amount of taxes, duties or other governmental charges. 
  
 Section 11. Listing. Unless otherwise specified on the face hereof, this Note will not be listed on any securities exchange. 
  
 Section 12. Collateral. The Collateral for this Note includes the Funding Agreement specified on the face hereof.

  
 Section 13. No Recourse Against Certain Persons. No
recourse shall be had for the payment of any principal, interest or any other sums at any time owing under the terms of this Note, or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture or any
indenture supplemental thereto, against the Nonrecourse Parties, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such personal liability being, by the acceptance
hereof and as part of the consideration for issue hereof, expressly waived and released. 
  
 Section 14. Miscellaneous. 
  
 (a) This Note is issuable only as a registered Note without coupons in denominations of $1,000 and any integral multiple in excess thereof unless otherwise specified on the face of this Note. 
  
 (b) Prior to due presentment for registration of transfer of this Note, the
Trust, the Indenture Trustee, the Registrar, the Paying Agent, any Agent and any other agent of the Trust or the Indenture Trustee may treat the Person in whose name this Note is registered as the owner hereof for the purpose of receiving payment as
herein provided and for all other purposes, whether or not this Note shall be overdue, and none of the Trust, the Indenture Trustee, the Registrar, the Paying Agent, any Agent or any other agent of the Trust or the Indenture Trustee shall be
affected by notice to the contrary. 
  
 (c) The Notes are being
issued by means of a book-entry-only system with no physical distribution of certificates to be made except as provided in the Indenture. The book-entry system maintained by DTC will evidence ownership of the Notes, with transfers of ownership
effected on the records of DTC and its Participants pursuant to rules and procedures established by DTC and its Participants. The Trust and the Indenture Trustee will recognize Cede & Co., as nominee of DTC, as the registered owner of the
Notes and as the Holder of the Notes for all purposes, including payment of principal, premium (if any) and interest, notices and voting. Transfer of principal, premium (if any) and interest to participants of DTC will be the 

  

 A-2-25 

 
responsibility of DTC, and transfer of principal, premium (if any) and interest to beneficial holders of the Notes by Participants of DTC will be the
responsibility of such Participants and other nominees of such beneficial holders. So long as the book-entry system is in effect, the selection of any Notes to be redeemed or repaid will be determined by DTC pursuant to rules and procedures
established by DTC and its Participants. Neither the Trust nor the Indenture Trustee will not be responsible or liable for such transfers or payments or for maintaining, supervising or reviewing the records maintained by DTC, its Participants or
persons acting through such Participants. 
  
 (d) This Note or
portion hereof may not be exchanged for Definitive Notes, except in the limited circumstances provided for in the Indenture. The transfer or exchange of Definitive Notes shall be subject to the terms of the Indenture. No service charge will be made
for any registration of transfer or exchange, but the Trust may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
  
 Section 15. GOVERNING LAW. THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES (OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK), EXCEPT AS REQUIRED BY MANDATORY PROVISIONS OF LAW. 
  

 A-2-26 

 OPTION TO ELECT REPAYMENT 
  
 The undersigned hereby irrevocably request(s) and instruct(s) the Trust to repay this Note (or portion hereof specified
below) pursuant to its terms at a price equal to the Principal Amount hereof together with interest to the repayment date, to the undersigned, at: 
  

	
	 
	
	 

  
 (Please print or typewrite name and address of the undersigned). 
  
 For this Note to be repaid, the Indenture Trustee (or the Paying Agent on behalf of the Indenture Trustee) must receive at its Corporate Trust Office, or at such other place or places of which the Trust shall from
time to time notify the Holder of this Note, not more than sixty (60) nor less than thirty (30) days prior to a Repayment Date, if any, shown on the face of this Note, this Note with this “Option to Elect Repayment” form duly
completed. 
  
 If less than the entire Principal Amount of this
Note is to be repaid, specify the portion hereof (which shall be in increments of $1,000) which the Holder elects to have repaid and specify the denomination or denominations (which shall be
$             or an integral multiple of $1,000 in excess of $            ) of the Notes to be issued to the Holder
for the portion of this Note not being repaid (in the absence of any such specification, one such Note will be issued for the portion not being repaid). 
  

			
	$ _______________________________	 	____________________________________
		
	DATE:___________________________	 	NOTICE: The signature on this Option to Elect Repayment must correspond with the name as written upon the face of this Note in every particular, without alteration or enlargement or any
change whatever.
		
	Principal Amount to be repaid, if amount to be repaid is less than the Principal Amount of this Note (Principal Amount remaining must be an authorized denomination)	 	Fill in for registration of Notes if to be issued otherwise than to the registered Holder:
	 	 	Name: _____________________________
	$ ___________________________	 	Address: ___________________________
	 	 	___________________________
	 	 	(Please print name and address including zip code)

  
 SOCIAL SECURITY OR OTHER TAXPAYER ID NUMBER:                          
  

 A-2-27 

 SCHEDULE I 
  

Amortization Table or Formula 
  

 A-2-28 

 EXHIBIT A-3 
  
 Form of Institutional Definitive Note 
  
 THIS NOTE IS A DEFINITIVE NOTE WITHIN THE MEANING OF THE INDENTURE (HEREINAFTER DEFINED) AND IS REGISTERED IN THE NAME OF THE HOLDER (AS
DEFINED IN THE INDENTURE) HEREOF. THIS NOTE IS NOT EXCHANGEABLE FOR A GLOBAL NOTE (AS DEFINED IN THE INDENTURE). 
  
 UNLESS THIS NOTE IS PRESENTED BY THE HOLDER OR AN AUTHORIZED REPRESENTATIVE OF THE HOLDER TO THE TRUST (HEREINAFTER DEFINED) OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT, ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED HOLDER HEREOF HAS AN INTEREST HEREIN. 
  

 A-3-1 

			
	CUSIP No.:	 	Principal Amount: U.S. $[ • ]

  
 GENWORTH GLOBAL
FUNDING TRUST • 
  
 SECURED MEDIUM-TERM NOTES

  

			
	 Original Issue Date:
 Issue Price:
 Stated Maturity Date:
 Settlement Date:
 Securities Exchange Listing: [    ] Yes [    ] No. If yes, indicate name(s) of Securities Exchange(s):
                                        
                    .
 Authorized
Denominations:
 Collateral held in the Trust: GE Life and Annuity Assurance     Company Funding Agreement No. •, all proceeds of the
Funding     Agreement and all amounts and instruments on deposit from     time to time in the related collection account and books and     records pertaining to the foregoing.
 Additional Amounts to be Paid: [    ] Yes [    ] No
 Interest Rate or Formula:
 Fixed Rate Note: [    ] Yes [    ] No. If yes,

Interest Rate:
 Interest Payment
Frequency:
 Interest Payment Dates:
 Day Count Convention:
 Additional/Other Terms:
 Amortizing Note: [    ] Yes [    ] No. If yes,
 Amortization schedule or formula:
 Additional/Other Terms:
 Discount Note: [    ] Yes [    ] No. If yes,
 Total Amount of Discount:
 Initial Accrual Period of Discount:
 Interest Payment Dates:
 Additional/Other Terms:
 Redemption Provisions: [    ] Yes [    ] No. If yes,
 Initial Redemption Date:
 Initial
Redemption Percentage:
 Annual Redemption Percentage Reduction, if any:
 Additional/Other Terms:
 Repayment Provisions:
[    ] Yes [    ] No. If yes,
 Repayment Date(s):
 Repayment Price:
 Additional/Other
Terms:
	  	 Floating Rate Note: [    ] Yes [    ] No. If yes,
 Floating Rate Notes [    ]
 Floating Rate/ Fixed Rate Notes [    ]
 Fixed Rate/Floating Rate Notes [    ]

Inverse Floating Rate Notes [    ]
 Interest Rate Basis(es):
 LIBOR [    ]
 [    ] LIBOR Reuters:
 [    ] LIBOR Moneyline Telerate:
 LIBOR Currency:
 EURIBOR [    ]
 CMT Rate [    ]
 Designated CMT Moneyline
 Telerate Page:
 If Telerate Page
7052:
 [    ] Weekly Average
 [    ] Monthly Average
 Designated CMT Maturity Index:
 CD Rate [    ]
 Commercial Paper Rate [    ]
 Eleventh District Cost of Funds Rate [    ]
 Federal Funds Rate [    ]
 Prime Rate [    ]
 Treasury Rate [    ]
 Index Maturity:
 Spread and/or Spread
Multiplier:
 Initial Interest Rate, if any:
 Initial Interest Reset Date:
 Interest Reset Dates:
 Interest Determination Date(s):
 Interest Payment Dates:
 Maximum Interest Rate, if any:
 Minimum Interest Rate, if any:
 Fixed
Rate Commencement Date, if any:
 Floating Rate Commencement Date, if any:
 Fixed Interest Rate, if any:
 Day
Count Convention:
 Additional/Other Terms:
 Regular Record Date(s):
 Sinking Fund:
 Specified
Currency:
 Exchange Rate Agent, if any:
 Calculation Agent, if
any
 Additional/Other Terms:

  
 The Genworth Global
Funding Trust designated above (the “Trust”), for value received, hereby promises to pay to                     , or its registered
assigns, the Principal Amount specified above on the Stated Maturity Date specified above and, if so specified above, to pay interest thereon from the Original Issue Date specified above or from the most recent Interest Payment Date specified above
to which interest has been paid or duly provided for at the rate per annum determined in accordance with the provisions on the reverse hereof and as specified above, until the principal hereof is paid or made available for payment. Unless otherwise
specified above, payments of principal, premium, if any, and interest hereon will be made in the lawful currency of the United States of America (“U.S. Dollars” or “United States Dollars”). If the Specified Currency specified
above is other than U.S. Dollars, the Holder (as defined in the Indenture) shall receive such payments in such Foreign Currency (as hereinafter defined). The “Principal Amount” of this Note at any time means (1) if this Note is a
Discount Note (as hereinafter defined), the Amortized Face Amount (as hereinafter defined) at such time and (2) in all other cases, the Principal Amount hereof. Capitalized terms not otherwise defined herein shall have their meanings set forth
in the Indenture, dated as of the Original Issue Date (the “Indenture”), between JPMorgan Chase Bank, N.A., as the indenture trustee (the “Indenture Trustee”), and the Trust, or on the face hereof. 
  
 This Note will mature on the Stated Maturity Date, unless its principal (or
any installment of its principal) becomes due and payable prior to the Stated Maturity Date, whether, as applicable, by the declaration of acceleration of maturity, notice of redemption by the Trust or otherwise (the Stated Maturity Date or any date
prior to the Stated Maturity Date on which this Note becomes due and payable, as the case may be, is referred to as the “Maturity Date”). 
  

 A-3-2 

 A “Discount Note” is any Note that has an Issue Price that is less than 100% of the Principal
Amount thereof by more than a percentage equal to the product of 0.25% and the number of full years to the Stated Maturity Date. 
  
 Unless otherwise specified above, the interest payable on each Interest Payment Date or the Maturity Date will be the amount of interest accrued from and
including the Original Issue Date or from and including the last Interest Payment Date to which interest has been paid or duly provided for, as the case may be, to, but excluding, such Interest Payment Date or the Maturity Date, as the case may be.

  
 Unless otherwise specified above, the interest payable on any
Interest Payment Date will be paid to the Person that was the Holder on the Regular Record Date for such Interest Payment Date, which Regular Record Date shall be the fifteenth (15th) calendar day, whether or not a Business Day, immediately preceding the related Interest Payment Date; provided that, notwithstanding any
provision of the Indenture to the contrary, interest payable on any Maturity Date shall be payable to the Person to whom principal shall be payable; and provided, further, that unless otherwise specified above, in the case of a Note initially
issued between a Regular Record Date and the Interest Payment Date relating to such Regular Record Date, interest for the period beginning on the Original Issue Date and ending on such Interest Payment Date shall be paid on the Interest Payment Date
following the next succeeding Regular Record Date to the Holder on such next succeeding Regular Record Date. 
  
 The Trust will make payments of principal and premium, if any, on the Maturity Date of this Note in immediately available funds against presentation and
surrender hereof (and, in the case of any repayment on a Repayment Date (as hereinafter defined), upon submission of a duly completed election form if and as required by the provisions described on the reverse hereof) at the office or agency
maintained by the Trust for this purpose in the Borough of Manhattan, New York City. The Trust will make payments of interest and other amounts due and owing, if any, on the Maturity Date of this Note to the Person to whom payment of the principal
hereof and premium, if any, hereon shall be made. The Trust will make payments of interest and other amounts due and owing, if any, on this Note on any Interest Payment Date other than the Maturity Date by check mailed to the Holder hereof.
Notwithstanding the foregoing, the Paying Agent will make, or cause to be made, payments of interest and other amounts due and owing, if any, on this Note on any Interest Payment Date other than the Maturity Date to any Holder hereof of $10,000,000
(or, if the Specified Currency is other than U.S. Dollars, the equivalent thereof in the particular Specified Currency) or more in aggregate principal amount of Notes (whether having identical or different terms and provisions) by wire transfer of
immediately available funds if the Holder hereof has delivered appropriate wire transfer instructions in writing to the Indenture Trustee not less than 15 calendar days prior to the particular Interest Payment Date. Any wire transfer instructions
received by the Indenture Trustee shall remain in effect until revoked by the Holder hereof. 
  
 Unless otherwise specified on the face hereof, the Holder hereof will not be obligated to pay any administrative costs imposed by banks in making payments in immediately available funds by the Trust. Unless otherwise
specified on the face hereof, any tax assessment or governmental charge imposed upon payments hereunder, including, without limitation, any withholding tax, will be borne by the Holder hereof. 
  

 A-3-3 

 REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS NOTE SET FORTH ON THE REVERSE HEREOF. SUCH
FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH AT THIS PLACE. 
  
 Unless the certificate of authentication hereon shall have been executed by the Indenture Trustee pursuant to the Indenture, this Note shall not be entitled to any benefit under such Indenture or be valid or
obligatory for any purpose. 
  

 A-3-4 

 IN WITNESS WHEREOF, the Trust has caused this instrument to be duly executed, by manual or facsimile
signature. 
  

					
	 	 	THE GENWORTH GLOBAL FUNDING TRUST
	 	 	            SPECIFIED ON THE FACE OF THIS NOTE
		
	Dated:	 	By: The Bank of New York, not in its
	 	 	individual capacity but solely as Trustee.
			
	 	 	By:	 	  

	 	 	 	 	Authorized Officer

  
 CERTIFICATE OF
AUTHENTICATION 
  
 This is one of the Notes of the Genworth Global
Funding Trust specified on the face of this Note referred to in the within-mentioned Indenture. 
  

					
	 	 	 JPMORGAN CHASE BANK, N.A.,
 as Indenture
Trustee

	Dated:	 	 	 	 
	 	 	By:	 	  

	 	 	 	 	Authorized Officer

  

 A-3-5 

 [REVERSE FORM OF NOTE] 
  
 Section 1. General. This Note is one of a duly authorized issue of Notes of the Trust. The Notes are issued pursuant to
the Indenture. 
  
 Section 2. Currency. 
  
 (a) Unless specified otherwise on the face hereof, this Note is denominated
in, and payments of principal, premium, if any, and/or interest, if any, will be made in U.S. Dollars. If specified as the Specified Currency, this Note may be denominated in, and payments of principal, premium, if any, and/or interest, if any, may
be made in a single currency other than U.S. Dollars (a “Foreign Currency”). If this Note is denominated in a Foreign Currency, the Holder of this Note is required to pay for this Note in the Specified Currency. 
  
 (b) Unless specified otherwise on the face hereof, if this Note is
denominated in a Foreign Currency, the Trust is obligated to make payments of principal and premium, if any, and interest, if any, on, this Note in the Specified Currency. Any amounts so payable by the Trust in the Specified Currency will be
converted by the Exchange Rate Agent into U.S. Dollars for payment to the Holder hereof unless otherwise specified on the face of this Note or the Holder elects, in the manner described below, to receive these amounts in the Specified Currency. If
this Note is denominated in a Foreign Currency, any U.S. Dollar amount to be received by the Holder hereof will be based on the highest bid quotation in New York City received by the Exchange Rate Agent at approximately 11:00 A.M., New York
City time, on the second Business Day preceding the applicable payment date from three recognized foreign exchange dealers (one of whom may be the Exchange Rate Agent) selected by the Exchange Rate Agent and approved by the Trust for the purchase by
the quoting dealer of the Specified Currency for U.S. Dollars for settlement on that payment date in the aggregate amount of the Specified Currency payable to all Holders of the Notes scheduled to receive U.S. Dollar payments and at which the
applicable dealer commits to execute a contract. All currency exchange costs will be borne by the Holders of the Notes by deductions from any payments. If three bid quotations are not available, payments will be made in the Specified Currency. If
this Note is denominated in a Foreign Currency, the Holder of this Note may elect to receive all or a specified portion of any payment of principal, premium, if any, and/or interest, if any, in the Specified Currency by submitting a written request
to the Indenture Trustee at its Corporate Trust Office in New York City on or prior to the applicable Regular Record Date or at least 15 calendar days prior to the Maturity Date, as the case may be. This written request may be mailed or hand
delivered or sent by cable, telex or other form of facsimile transmission. This election will remain in effect until revoked by written notice delivered to the Indenture Trustee on or prior to a Regular Record Date or at least 15 calendar days prior
to the Maturity Date, as the case may be. 
  
 (c) The Trust will
indemnify the Holder hereof against any loss incurred as a result of any judgment or order being given or made for any amount due under this Note and that judgment or order requiring payment in a currency (the “Judgment Currency”) other
than the Specified Currency, and as a result of any variation between: (i) the rate of exchange at which the Specified Currency amount is converted into the Judgment Currency for the purpose of that judgment or order; and (ii) the rate of
exchange at which the Holder, on the date of payment of that judgment or order, is able to purchase the Specified Currency with the amount of the Judgment Currency actually received. 
  

 A-3-6 

 (d) Unless otherwise specified on the face hereof, if payment hereon is required to be made in a Foreign
Currency and such currency is unavailable due to the imposition of exchange controls or other circumstances beyond the Trust’s control, then the Trust will be entitled to make payments with respect hereto in U.S. Dollars on the basis of the
Market Exchange Rate (as hereinafter defined), computed by the Exchange Rate Agent, on the second Business Day prior to the particular payment or, if the Market Exchange Rate is not then available, on the basis of the most recently available Market
Exchange Rate. 
  
 (e) The “Market Exchange Rate” for
the Foreign Currency shall mean the noon dollar buying rate in New York City for cable transfers for the Foreign Currency as certified for customs purposes (or, if not so certified, as otherwise determined) by the Federal Reserve Bank of New York.

  
 (f) All determinations made by the Exchange Rate Agent shall
be at its sole discretion and shall, in the absence of manifest error, be conclusive for all purposes and binding on the Holder hereof. 
  
 (g) All costs of exchange in respect of this Note, if denominated in a Foreign Currency, will be borne by the Holder hereof. 
  
 Section 3. Determination of Interest Rate and
Certain Other Terms. 
  
 (a) Fixed Rate Notes. If
this Note is specified on the face hereof as a “Fixed Rate Note”: 
  
 (i) This Note will bear interest at the rate per annum specified on the face hereof. Interest on this Note will be computed on the basis of a 360-day year of twelve 30-day months. 
  
 (ii) Unless otherwise specified on the face hereof, the Interest Payment
Dates for this Note will be as follows: 
  

			
	 Interest Payment Frequency

	 	 Interest Payment Dates

	 Monthly
	 	Fifteenth day of each calendar month, beginning in the first calendar month following the month this Note was issued.
		
	 Quarterly
	 	Fifteenth day of each March, June, September and December beginning on the first such date following the date this Note was issued.
		
	 Semi-annual
	 	Fifteenth day of the two months of each year specified on the face hereof, beginning on the first such date following the date this Note was issued.
		
	 Annual
	 	Fifteenth day of the month of each year specified on the face hereof, beginning on the first such date following the date this Note was issued.

  

 A-3-7 

 (iii) Unless otherwise specified on the face hereof, if any Interest Payment Date or the Maturity Date of
this Note falls on a day that is not a Business Day, the Trust will make the required payment of principal, premium, if any, and/or interest or other amounts on the next succeeding Business Day, and no additional interest will accrue in respect of
the payment made on that next succeeding Business Day. 
  
 (b)
Floating Rate Notes. If this Note is specified on the face hereof as a “Floating Rate Note”: 
  
 (i) Interest Rate Basis. As specified on the face hereof, interest on this Note will be determined by reference to the applicable Interest Rate
Basis or Interest Rate Bases, which may, as described below, include the CD Rate, the CMT Rate, the Commercial Paper Rate, the Eleventh District Cost of Funds Rate, the Federal Funds Rate, LIBOR, EURIBOR, the Prime Rate or the Treasury Rate (each as
defined below). 
  
 (ii) Effective Rate. The rate derived
from the applicable Interest Rate Basis or Interest Rate Bases will be determined in accordance with the related provisions below. The interest rate in effect on each day will be based on: (1) if that day is an Interest Reset Date, the rate
determined as of the Interest Determination Date immediately preceding that Interest Reset Date; or (2) if that day is not an Interest Reset Date, the rate determined as of the Interest Determination Date immediately preceding the most recent
Interest Reset Date. 
  
 (iii) Spread; Spread Multiplier;
Index Maturity. The “Spread” is the number of basis points (one one-hundredth of a percentage point) specified on the face hereof to be added to or subtracted from the related Interest Rate Basis or Interest Rate Bases applicable to
this Note. The “Spread Multiplier” is the percentage specified on the face hereof of the related Interest Rate Basis or Interest Rate Bases applicable to this Note by which the Interest Rate Basis or Interest Rate Bases will be multiplied
to determine the applicable interest rate. The “Index Maturity” is the period to maturity of the instrument or obligation with respect to which the related Interest Rate Basis or Interest Rate Bases will be calculated. 
  
 (iv) Floating Rate Note. Unless this Note is specified on the face
hereof as a Floating Rate/Fixed Rate Note, a Fixed Rate/Floating Rate Note or an Inverse Floating Rate Note, this Note (a “Floating Rate Note”) will bear interest at the rate determined by reference to the applicable Interest Rate Basis or
Interest Rate Bases: (1) plus or minus the applicable Spread, if any; and/or (2) multiplied by the applicable Spread Multiplier, if any; provided, however, that interest on this Note will not be less than zero. Commencing on
the first Interest Reset Date, the rate at which interest on this Floating Rate Note is payable will be reset as of each Interest Reset Date; provided, however, that the interest rate in effect for the period, if any, from the Original
Issue Date to the first Interest Reset Date will be the Initial Interest Rate. 
  

 A-3-8 

 (v) Floating Rate/Fixed Rate Notes. If this Note is specified on the face hereof as a
“Floating Rate/Fixed Rate Note”, this Note will bear interest at the rate determined by reference to the applicable Interest Rate Basis or Interest Rate Bases: (1) plus or minus the applicable Spread, if any; and/or
(2) multiplied by the applicable Spread Multiplier, if any; provided, however, that interest on this Note will not be less than zero. Commencing on the first Interest Reset Date, the rate at which this Floating Rate/Fixed Rate
Note is payable will be reset as of each Interest Reset Date; provided, however, that: (A) the interest rate in effect for the period, if any, from the Original Issue Date to the first Interest Reset Date will be the Initial
Interest Rate specified on the face hereof; and (B) the interest rate in effect commencing on the Fixed Rate Commencement Date will be the Fixed Interest Rate, if specified on the face hereof, or, if not so specified, the interest rate in
effect on the day immediately preceding the Fixed Rate Commencement Date. 
  
 (vi) Fixed Rate/Floating Rate Notes. If this Note is specified on the face hereof as a “Fixed Rate/Floating Rate Note”, this Note will bear interest at the rate per annum specified on the face hereof
as the Fixed Interest Rate; provided, however, that commencing on the Floating Rate Commencement Date, this Note will bear interest at the rate determined by reference to the applicable Interest Rate Basis or Interest Rate Bases:
(1) plus or minus the applicable Spread, if any; and/or (2) multiplied by the applicable Spread Multiplier, if any; provided, however, that interest on this Note will not be less than zero. Commencing on the first Interest
Reset Date, the rate at which this Fixed Rate/Floating Rate Note is payable will be reset as of each Interest Reset Date. 
  
 (vii) Inverse Floating Rate Notes. If this Note is specified on the face hereof as an “Inverse Floating Rate Note”, this Note will bear
interest at the Fixed Interest Rate minus the rate determined by reference to the applicable Interest Rate Basis or Interest Rate Bases: (1) plus or minus the applicable Spread, if any; and/or (2) multiplied by the applicable Spread
Multiplier, if any; provided, however, that interest on this Inverse Floating Rate Note will not be less than zero. Commencing on the first Interest Reset Date, the rate at which interest on this Inverse Floating Rate Note is payable
will be reset as of each Interest Reset Date; provided, however, that the interest rate in effect for the period, if any, from the Original Issue Date to the first Interest Reset Date will be the Initial Interest Rate. 
  
 (viii) Interest Reset Dates. The period between Interest Reset Dates
will be the “Interest Period.” Unless otherwise specified on the face hereof, the Interest Reset Dates will be, in the case of this Floating Rate Note if by its terms it resets: (1) daily—each business day;
(2) weekly—the Wednesday of each week, with the exception of any weekly reset Floating Rate Note as to which the Treasury Rate is an applicable Interest Rate Basis, which will reset the Tuesday of each week; (3) monthly—the
fifteenth day of each calendar month, with the exception of any monthly reset Floating Rate Note as to which the Eleventh District Cost of Funds 

  

 A-3-9 

 
Rate is an applicable Interest Rate Basis, which will reset on the first calendar day of the month; (4) quarterly—the fifteenth day of March, June,
September and December of each year; (5) semi-annually—the fifteenth day of the two months of each year specified on the face hereof; and (6) annually—the fifteenth day of the month of each year specified on the face hereof;
provided, however, that, with respect to a Floating Rate/Fixed Rate Note, the rate of interest thereon will not reset after the particular Fixed Rate Commencement Date. If any Interest Reset Date for this Floating Rate Note would otherwise be
a day that is not a Business Day, the particular Interest Reset Date will be postponed to the next succeeding Business Day, except that in the case of a Floating Rate Note as to which LIBOR is an applicable Interest Rate Basis and that Business Day
falls in the next succeeding calendar month, the particular Interest Reset Date will be the immediately preceding Business Day. 
  
 (ix) Interest Determination Dates. Unless otherwise specified on the face hereof, the interest rate applicable to a Floating Rate Note for an
Interest Period commencing on the related Interest Reset Date will be determined by reference to the applicable Interest Rate Basis as of the particular “Interest Determination Date”, which will be: (1) with respect to the Commercial
Paper Rate, Federal Funds Rate and the Prime Rate—the Business Day immediately preceding the related Interest Reset Date; (2) with respect to the CD Rate and the CMT Rate—the second Business Day preceding the related Interest Reset
Date; (3) with respect to the Eleventh District Cost of Funds Rate—the last working day of the month immediately preceding the related Interest Reset Date on which the Federal Home Loan Bank of San Francisco publishes the Eleventh District
Index (as defined below); (4) with respect to LIBOR and EURIBOR—the second London Banking Day (as defined below) preceding the related Interest Reset Date; and (5) with respect to the Treasury Rate—the day of the week in which
the related Interest Reset Date falls on which day Treasury Bills (as defined below) are normally auctioned (i.e., Treasury Bills are normally sold at auction on Monday of each week, unless that day is a legal holiday, in which case the auction is
normally held on the following Tuesday, except that the auction may be held on the preceding Friday); provided, however, that if an auction is held on the Friday of the week preceding the related Interest Reset Date, the Interest
Determination Date will be the preceding Friday. Unless otherwise specified on the face hereof, the Interest Determination Date pertaining to a Floating Rate Note, the interest rate of which is determined with reference to two or more Interest Rate
Bases, will be the latest Business Day which is at least two Business Days before the related Interest Reset Date for the applicable Floating Rate Note on which each Interest Reset Basis is determinable. “London Banking Day” means a day on
which commercial banks are open for business (including dealings in the LIBOR Currency, as hereinafter defined) in London. 
  
 (x) Calculation Dates. The interest rate applicable to each Interest Period will be determined by the Calculation Agent on or prior to the
Calculation Date (as defined below), except with respect to LIBOR, EURIBOR and the Eleventh District Cost of Funds Rate, which will be determined on the particular Interest Determination Date. Upon request of the Holder of a Floating Rate Note, the
Calculation Agent will 

  

 A-3-10 

 
disclose the interest rate then in effect and, if determined, the interest rate that will become effective as a result of a determination made for the next
succeeding Interest Reset Date with respect to such Floating Rate Note. The “Calculation Date”, if applicable, pertaining to any Interest Determination Date will be the earlier of: (1) the tenth calendar day after the particular
Interest Determination Date or, if such day is not a Business Day, the next succeeding Business Day; or (2) the Business Day immediately preceding the applicable Interest Payment Date or the Maturity Date, as the case may be. 
  
 (xi) Maximum or Minimum Interest Rate. If specified on the face
hereof, this Note may have either or both of a Maximum Interest Rate or a Minimum Interest Rate. If a Maximum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever exceed such Maximum Interest Rate and in the event
that the interest rate on any Interest Reset Date would exceed such Maximum Interest Rate (as if no Maximum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Maximum Interest Rate. If a Minimum Interest
Rate is so designated, the interest rate for a Floating Rate Note cannot ever be less than such Minimum Interest Rate and in the event that the interest rate on any Interest Reset Date would be less than such Minimum Interest Rate (as if no Minimum
Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Minimum Interest Rate. Notwithstanding anything to the contrary contained herein, the interest rate on a Floating Rate Note shall not exceed the maximum
interest rate permitted by applicable law. 
  
 (xii) Interest
Payments. Unless otherwise specified on the face hereof, the Interest Payment Dates will be, in the case of a Floating Rate Note which resets: (1) daily, weekly or monthly—the fifteenth day of each calendar month;
(2) quarterly—the fifteenth day of March, June, September and December of each year; (3) semi-annually—the fifteenth day of the two months of each year specified on the face hereof; and (4) annually—the fifteenth day of
the month of each year as specified on the face hereof. In addition, the Maturity Date will also be an Interest Payment Date. If any Interest Payment Date other than the Maturity Date for this Floating Rate Note would otherwise be a day that is not
a Business Day, such Interest Payment Date will be postponed to the next succeeding Business Day, except that in the case of a Floating Rate Note as to which LIBOR is an applicable Interest Rate Basis and that Business Day falls in the next
succeeding calendar month, the particular Interest Payment Date will be the immediately preceding Business Day. If the Maturity Date of a Floating Rate Note falls on a day that is not a Business Day, the Trust will make the required payment of
principal, premium, if any, and interest, if any, or other amounts on the next succeeding Business Day, and no additional interest will accrue in respect of the payment made on that next succeeding Business Day. 
  
 (xiii) Rounding. Unless otherwise specified on the face hereof, all
percentages resulting from any calculation on this Floating Rate Note will be rounded to the nearest one hundred-thousandth of a percentage point, with five one-millionths of a percentage point rounded upwards. All amounts used in or resulting from
any calculation on this Floating Rate Note will be rounded, in the case of U.S. Dollars, to the nearest cent or, in the case of a Foreign Currency, to the nearest unit (with one-half cent or unit being rounded upwards). 
  

 A-3-11 

 (xiv) Interest Factor. With respect to this Floating Rate Note, accrued interest is calculated by
multiplying the principal amount of such Note by an accrued interest factor. The accrued interest factor is computed by adding the interest factor calculated for each day in the particular Interest Period. Unless otherwise specified on the face
hereof, the interest factor for each day will be computed by dividing the interest rate applicable to such day by 360, in the case of a Floating Rate Note as to which the CD Rate, the Commercial Paper Rate, the Eleventh District Cost of Funds Rate,
the Federal Funds Rate, LIBOR, EURIBOR or the Prime Rate is an applicable Interest Rate Basis, or by the actual number of days in the year, in the case of a Floating Rate Note as to which the CMT Rate or the Treasury Rate is an applicable Interest
Rate Basis. The interest factor for a Floating Rate Note as to which the interest rate is calculated with reference to two or more Interest Rate Bases will be calculated in each period in the same manner as if only the applicable Interest Rate Basis
specified above applied. 
  
 (xv) Determination of Interest
Rate Basis. The Calculation Agent shall determine the rate derived from each Interest Rate Basis in accordance with the following provisions: 
  
 (A) CD Rate Notes. If the Interest Rate Basis is the CD Rate, this Note shall be deemed a “CD Rate Note.” Unless otherwise specified on
the face hereof, “CD Rate” means: (1) the rate on the particular Interest Determination Date for negotiable United States Dollar certificates of deposit having the Index Maturity specified on the face hereof as published in H.15(519)
(as defined below) under the caption “CDs (secondary market)”; or (2) if the rate referred to in clause (1) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the particular
Interest Determination Date for negotiable United States Dollar certificates of deposit of the particular Index Maturity as published in H.15 Daily Update (as defined below), or other recognized electronic source used for the purpose of displaying
the applicable rate, under the caption “CDs (secondary market)”; or (3) if the rate referred to in clause (2) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the particular
Interest Determination Date calculated by the Calculation Agent as the arithmetic mean of the secondary market offered rates as of 10:00 A.M., New York City time, on that Interest Determination Date, of three leading non-bank dealers in negotiable
United States Dollar certificates of deposit in New York City (which may include the purchasing agent or its affiliates) selected by the Calculation Agent for negotiable United States Dollar certificates of deposit of major United States money
market banks for negotiable United States certificates of deposit with a remaining maturity closest to the particular Index Maturity in an amount that is representative for a single transaction in that market at that time; or (4) if the dealers
so selected by the Calculation Agent are not quoting as mentioned in clause (3), the CD Rate in effect on the particular Interest Determination Date. “H.15(519)” means the weekly statistical release designated 

  

 A-3-12 

 
as H.15(519), or any successor publication, published by the Board of Governors of the Federal Reserve System. “H.15 Daily Update” means the daily
update of H.15(519), available through the world-wide-web site of the Board of Governors of the Federal Reserve System at http://www.federalreserve.gov/releases/H15/ update, or any successor site or publication. 
  
 (B) CMT Rate Notes. If the Interest Rate Basis is the CMT Rate, this
Note shall be deemed a “CMT Rate Note.” Unless otherwise specified on the face hereof, “CMT Rate” means: 
  
 (1) if CMT Moneyline Telerate Page 7051 is specified on the face hereof: 
  

	 	i.	the percentage equal to the yield for United States Treasury securities at “constant maturity” having the Index Maturity specified on the face hereof as published in
H.15(519) under the caption “Treasury Constant Maturities”, as the yield is displayed on Moneyline Telerate (or any successor service) on page 7051 (or any other page as may replace the specified page on that service) (“Moneyline
Telerate Page 7051”), for the particular Interest Determination Date; or 

  

	 	ii.	if the rate referred to in clause (i) does not so appear on Moneyline Telerate Page 7051, the percentage equal to the yield for United States Treasury securities at
“constant maturity” having the particular Index Maturity and for the particular Interest Determination Date as published in H.15(519) under the caption “Treasury Constant Maturities”; or 

  

	 	iii.	if the rate referred to in clause (ii) does not so appear in H.15(519), the rate on the particular Interest Determination Date for the period of the particular Index Maturity
as may then be published by either the Federal Reserve System Board of Governors or the United States Department of the Treasury that the Calculation Agent determines to be comparable to the rate which would otherwise have been published in
H.15(519); or 

  

	 	iv.	 if the rate referred to in clause (iii) is not so published, the rate on the particular Interest Determination Date calculated by the Calculation Agent as a
yield to maturity based on the arithmetic mean of the secondary market bid prices at approximately 3:30 P.M., New York City time, on that Interest Determination Date of three leading primary United States government securities dealers in New York
City (which may include the purchasing agent or its affiliates) (each, a “Reference Dealer”) selected by the Calculation Agent from five Reference Dealers selected by the Calculation Agent and eliminating the highest quotation, or, in the
event of equality, one of the highest, and the lowest quotation or, in the 

  

 A-3-13 

	 	 
event of equality, one of the lowest, for United States Treasury securities with an original maturity equal to the particular Index Maturity, a remaining
term to maturity no more than one year shorter than that Index Maturity and in a principal amount that is representative for a single transaction in the securities in that market at that time; or 

  

	 	v.	if fewer than five but more than two of the prices referred to in clause (iv) are provided as requested, the rate on the particular Interest Determination Date calculated by
the Calculation Agent based on the arithmetic mean of the bid prices obtained and neither the highest nor the lowest of the quotations shall be eliminated; or 

  

	 	vi.	if fewer than three prices referred to in clause (iv) are provided as requested, the rate on the particular Interest Determination Date calculated by the Calculation Agent as a
yield to maturity based on the arithmetic mean of the secondary market bid prices as of approximately 3:30 P.M., New York City time, on that Interest Determination Date of three Reference Dealers selected by the Calculation Agent from five Reference
Dealers selected by the Calculation Agent and eliminating the highest quotation or, in the event of equality, one of the highest and the lowest quotation or, in the event of equality, one of the lowest, for United States Treasury securities with an
original maturity greater than the particular Index Maturity, a remaining term to maturity closest to that Index Maturity and in a principal amount that is representative for a single transaction in the securities in that market at that time; or

  

	 	vii.	if fewer than five but more than two prices referred to in clause (vi) are provided as requested, the rate on the particular Interest Determination Date calculated by the
Calculation Agent based on the arithmetic mean of the bid prices obtained and neither the highest nor the lowest of the quotations will be eliminated; or 

  

	 	viii.	if fewer than three prices referred to in clause (vi) are provided as requested, the CMT Rate in effect on the particular Interest Determination Date; or

  
 (2) if CMT Moneyline Telerate
Page 7052 is specified on the face hereof: 
  

	 	i.	 the percentage equal to the one-week or one-month, as specified on the face hereof, average yield for United States Treasury securities at “constant
maturity” having the Index Maturity specified on the face hereof as published in H.15(519) opposite the caption “Treasury Constant Maturities”, as the yield is 

  

 A-3-14 

	 	 
displayed on Moneyline Telerate (or any successor service) (on page 7052 or any other page as may replace the specified page on that service)
(“Moneyline Telerate Page 7052”), for the week or month, as applicable, ended immediately preceding the week or month, as applicable, in which the particular Interest Determination Date falls; or 

  

	 	ii.	if the rate referred to in clause (i) does not so appear on Moneyline Telerate Page 7052, the percentage equal to the one-week or one-month, as specified on the face hereof,
average yield for United States Treasury securities at “constant maturity” having the particular Index Maturity and for the week or month, as applicable, preceding the particular Interest Determination Date as published in H.15(519)
opposite the caption “Treasury Constant Maturities”; or 

  

	 	iii.	if the rate referred to in clause (ii) does not so appear in H.15(519), the one-week or one-month, as specified on the face hereof, average yield for United States Treasury
securities at “constant maturity” having the particular Index Maturity as otherwise announced by the Federal Reserve Bank of New York for the week or month, as applicable, ended immediately preceding the week or month, as applicable, in
which the particular Interest Determination Date falls; or 

  

	 	iv.	if the rate referred to in clause (iii) is not so published, the rate on the particular Interest Determination Date calculated by the Calculation Agent as a yield to maturity
based on the arithmetic mean of the secondary market bid prices at approximately 3:30 P.M., New York City time, on that Interest Determination Date of three Reference Dealers selected by the Calculation Agent from five Reference Dealers selected by
the Calculation Agent and eliminating the highest quotation, or, in the event of equality, one of the highest, and the lowest quotation or, in the event of equality, one of the lowest, for United States Treasury securities with an original maturity
equal to the particular Index Maturity, a remaining term to maturity no more than one year shorter than that Index Maturity and in a principal amount that is representative for a single transaction in the securities in that market at that time; or

  

	 	v.	if fewer than five but more than two of the prices referred to in clause (iv) are provided as requested, the rate on the particular Interest Determination Date calculated by
the Calculation Agent based on the arithmetic mean of the bid prices obtained and neither the highest nor the lowest of the quotations shall be eliminated; or 

  

 A-3-15 

	 	vi.	if fewer than three prices referred to in clause (iv) are provided as requested, the rate on the particular Interest Determination Date calculated by the Calculation Agent as a
yield to maturity based on the arithmetic mean of the secondary market bid prices as of approximately 3:30 P.M., New York City time, on that Interest Determination Date of three Reference Dealers selected by the Calculation Agent from five Reference
Dealers selected by the Calculation Agent and eliminating the highest quotation or, in the event of equality, one of the highest and the lowest quotation or, in the event of equality, one of the lowest, for United States Treasury securities with an
original maturity greater than the particular Index Maturity, a remaining term to maturity closest to that Index Maturity and in a principal amount that is representative for a single transaction in the securities in that market at the time; or

  

	 	vii.	if fewer than five but more than two prices referred to in clause (vi) are provided as requested, the rate on the particular Interest Determination Date calculated by the
Calculation Agent based on the arithmetic mean of the bid prices obtained and neither the highest nor the lowest of the quotations will be eliminated; or 

  

	 	viii.	if fewer than three prices referred to in clause (vi) are provided as requested, the CMT Rate in effect on that Interest Determination Date. 

  
 If two United States Treasury securities with an original maturity greater
than the Index Maturity specified on the face hereof have remaining terms to maturity equally close to the particular Index Maturity, the quotes for the United States Treasury security with the shorter original remaining term to maturity will be
used. 
  
 (C) Commercial Paper Rate Notes. If the
Interest Rate Basis is the Commercial Paper Rate, this Note shall be deemed a “Commercial Paper Rate Note.” Unless otherwise specified on the face hereof, “Commercial Paper Rate” means: (1) the Money Market Yield (as defined
below) on the particular Interest Determination Date of the rate for commercial paper having the Index Maturity specified on the face hereof as published in H.15(519) under the caption “Commercial Paper—Nonfinancial”; or (2) if
the rate referred to in clause (1) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the Money Market Yield of the rate on the particular Interest Determination Date for commercial paper having the
particular Index Maturity as published in H.15 Daily Update, or such other recognized electronic source used for the purpose of displaying the applicable rate, under the caption “Commercial Paper—Nonfinancial”; or (3) if the rate
referred to in clause (2) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the particular Interest Determination Date calculated by the Calculation Agent as the 

  

 A-3-16 

 
Money Market Yield of the arithmetic mean of the offered rates at approximately 11:00 A.M., New York City time, on that Interest Determination Date of three
leading dealers of United States Dollar commercial paper in New York City (which may include the purchasing agent or its affiliates) selected by the Calculation Agent for commercial paper having the particular Index Maturity placed for industrial
issuers whose bond rating is “Aa”, or the equivalent, from a nationally recognized statistical rating organization; or (4) if the dealers so selected by the Calculation Agent are not quoting as mentioned in clause (3), the Commercial
Paper Rate in effect on the particular Interest Determination Date. “Money Market Yield” means a yield (expressed as a percentage) calculated in accordance with the following formula: 
  

					
	 Money Market Yield =
	  	D x 360	  	x 100
	 	  	360 – (D x M)	  	 

  
 where “D”
refers to the applicable per annum rate for commercial paper quoted on a bank discount basis and expressed as a decimal, and “M” refers to the actual number of days in the applicable Interest Period. 
  
 (D) Eleventh District Cost of Funds Rate Notes. If the Interest Rate
Basis is the Eleventh District Cost of Funds Rate, this Note shall be deemed an “Eleventh District Cost of Funds Rate Note.” Unless otherwise specified on the face hereof, “Eleventh District Cost of Funds Rate” means:
(1) the rate equal to the monthly weighted average cost of funds for the calendar month immediately preceding the month in which the particular Interest Determination Date falls as set forth under the caption “11th District” on the
display on Moneyline Telerate (or any successor service) on page 7058 (or any other page as may replace the specified page on that service) (“Moneyline Telerate Page 7058”) as of 11:00 A.M., San Francisco time, on that Interest
Determination Date; or (2) if the rate referred to in clause (1) does not so appear on Moneyline Telerate Page 7058, the monthly weighted average cost of funds paid by member institutions of the Eleventh Federal Home Loan Bank District
that was most recently announced (the “Eleventh District Index”) by the Federal Home Loan Bank of San Francisco as the cost of funds for the calendar month immediately preceding that Interest Determination Date; or (3) if the Federal
Home Loan Bank of San Francisco fails to announce the Eleventh District Index on or prior to the particular Interest Determination Date for the calendar month immediately preceding that Interest Determination Date, the Eleventh District Cost of
Funds Rate in effect on the particular Interest Determination Date. 
  
 (E) EURIBOR Notes. If the Interest Rate Basis is EURIBOR, this Note shall be deemed a “EURIBOR Note.” Unless otherwise specified on the face hereof, “EURIBOR” means: (1) with respect to any Interest
Determination Date relating to this EURIBOR Note (a “EURIBOR Interest Determination Date”), the rate for deposits in Euros as sponsored, calculated and published jointly by the European Banking Federation and ACI – The Financial
Market Association, or any company established by the joint sponsors for purposes of compiling and 

  

 A-3-17 

 
publishing those rates, having the Index Maturity specified on the face hereof, commencing on the applicable Interest Reset Date, as the rate appears on
Moneyline Telerate or any successor service, on page 248 (or any other page as may replace that specified page on the service) (“Moneyline Telerate Page 248”) as of 11:00 A.M., Brussels time, on the applicable EURIBOR Interest
Determination Date; or (2) if such rate does not appear on Moneyline Telerate Page 248, or is not so published by 11:00 A.M., Brussels time, on the applicable EURIBOR Interest Determination Date, such rate will be calculated by the Calculation
Agent and will be the arithmetic mean of at least two quotations obtained by the Calculation Agent after requesting the principal Euro-zone (as defined below) offices of four major banks in the Euro-zone interbank market to provide the Calculation
Agent with its offered quotation for deposits in Euros for the period of the Index Maturity specified on the face hereof, commencing on the applicable Interest Reset Date, to prime banks in the Euro-zone interbank market at approximately 11:00 A.M.,
Brussels time, on the applicable EURIBOR Interest Determination Date and in a principal amount not less than the equivalent of $1 million in Euros that is representative for a single transaction in Euro in the market at that time; or (3) if
fewer than two such quotations are so provided, the rate on the applicable EURIBOR Interest Determination Date will be calculated by the Calculation Agent and will be the arithmetic mean of the rates quoted at approximately 11:00 A.M., Brussels
time, on such EURIBOR Interest Determination Date by four major banks in the Euro-zone for loans in Euro to leading European banks, having the Index Maturity specified on the face hereof, commencing on the applicable Interest Reset Date and in a
principal amount not less than the equivalent of $1 million in Euros that is representative for a single transaction in Euros in the market at that time; or (4) if the banks so selected by the Calculation Agent are not quoting as mentioned
above, EURIBOR will be EURIBOR in effect on the applicable EURIBOR Interest Determination Date. “Euro-zone” means the region comprised of member states of the European Union that have adopted the single currency in accordance with the
Treaty establishing the European Community, as amended by the Treaty on European Union. 
  
 (F) Federal Funds Rate Notes. If the Interest Rate Basis is the Federal Funds Rate, this Note shall be deemed a “Federal Funds Rate Note.” Unless otherwise specified on the face hereof, “Federal
Funds Rate” means: (1) the rate on the particular Interest Determination Date for United States Dollar federal funds as published in H.15(519) under the caption “Federal Funds (Effective)” and displayed on Moneyline Telerate (or
any successor service) on page 120 (or any other page as may replace the specified page on that service) (“Moneyline Telerate Page 120”); or (2) if the rate referred to in clause (1) does not so appear on Moneyline Telerate Page
120 or is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the particular Interest Determination Date for United States Dollar federal funds as published in H.15 Daily Update, or such other recognized
electronic source used for the purpose of displaying the applicable rate, under the caption “Federal Funds (Effective)”; or (3) if the rate referred to in clause (2) is not so published by 3:00 P.M., New 

  

 A-3-18 

 
York City time, on the related Calculation Date, the rate on the particular Interest Determination Date calculated by the Calculation Agent as the arithmetic
mean of the rates for the last transaction in overnight United States Dollar federal funds arranged by three leading brokers of United States Dollar federal funds transactions in New York City (which may include the purchasing agent or its
affiliates) selected by the Calculation Agent prior to 9:00 A.M., New York City time, on that Interest Determination Date; or (4) if the brokers so selected by the Calculation Agent are not quoting as mentioned in clause (3), the Federal Funds
Rate in effect on the particular Interest Determination Date. 
  
 (G) LIBOR Notes. If the Interest Rate Basis is LIBOR, this Note shall be deemed a “LIBOR Note.” Unless otherwise specified on the face hereof, “LIBOR” means: (1) if “LIBOR Moneyline Telerate” is
specified on the face hereof or if neither “LIBOR Reuters” nor “LIBOR Moneyline Telerate” is specified on the face hereof as the method for calculating LIBOR, the rate for deposits in the LIBOR Currency having the Index Maturity
specified on the face hereof, commencing on the related Interest Reset Date, that appears on the LIBOR Page (as defined below) as of 11:00 A.M., London time, on the particular Interest Determination Date; or (2) if “LIBOR Reuters” is
specified on the face hereof, the arithmetic mean of the offered rates, calculated by the Calculation Agent, or the offered rate, if the LIBOR Page by its terms provides only for a single rate, for deposits in the LIBOR Currency having the
particular Index Maturity, commencing on the related Interest Reset Date, that appear or appears, as the case may be, on the LIBOR Page as of 11:00 A.M., London time, on the particular Interest Determination Date; or (3) if fewer than two
offered rates appear, or no rate appears, as the case may be, on the particular Interest Determination Date on the LIBOR Page as specified in clause (1) or (2), as applicable, the rate calculated by the Calculation Agent of at least two offered
quotations obtained by the Calculation Agent after requesting the principal London offices of each of four major reference banks (which may include affiliates of the purchasing agent) in the London interbank market to provide the Calculation Agent
with its offered quotation for deposits in the LIBOR Currency for the period of the particular Index Maturity, commencing on the related Interest Reset Date, to prime banks in the London interbank market at approximately 11:00 A.M., London time, on
that Interest Determination Date and in a principal amount that is representative for a single transaction in the LIBOR Currency in that market at that time; or (4) if fewer than two offered quotations referred to in clause (3) are
provided as requested, the rate calculated by the Calculation Agent as the arithmetic mean of the rates quoted at approximately 11:00 A.M., in the applicable Principal Financial Center, on the particular Interest Determination Date by three major
banks (which may include affiliates of the purchasing agent) in that Principal Financial Center selected by the Calculation Agent for loans in the LIBOR Currency to leading European banks, having the particular Index Maturity and in a principal
amount that is representative for a single transaction in the LIBOR Currency in that market at that time; or (5) if the banks so selected by the Calculation Agent are not quoting as mentioned in clause (4), LIBOR in effect on the particular
Interest Determination Date. “LIBOR Currency” means the 

  

 A-3-19 

 
currency specified on the face hereof as to which LIBOR shall be calculated or, if no currency is specified on the face hereof, United States Dollars.
“LIBOR Page” means either: (1) if “LIBOR Reuters” is specified on the face hereof, the display on the Reuter Monitor Money Rates Service (or any successor service) on the page specified on the face hereof (or any other page
as may replace that page on that service) for the purpose of displaying the London interbank rates of major banks for the LIBOR Currency; or (2) if “LIBOR Moneyline Telerate” is specified on the face hereof or neither “LIBOR
Reuters” nor “LIBOR Moneyline Telerate” is specified on the face hereof as the method for calculating LIBOR, the display on Moneyline Telerate (or any successor service) on the page specified on the face hereof (or any other page as
may replace such page on such service) for the purpose of displaying the London interbank rates of major banks for the LIBOR Currency. 
  
 (H) Prime Rate Notes. If the Interest Rate Basis is the Prime Rate, this Note shall be deemed a “Prime Rate Note.” Unless otherwise
specified on the face hereof, “Prime Rate” means: (1) the rate on the particular Interest Determination Date as published in H.15(519) under the caption “Bank Prime Loan”; or (2) if the rate referred to in clause
(1) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the particular Interest Determination Date as published in H.15 Daily Update, or such other recognized electronic source used for the purpose
of displaying the applicable rate, under the caption “Bank Prime Loan”; or (3) if the rate referred to in clause (2) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the
particular Interest Determination Date calculated by the Calculation Agent as the arithmetic mean of the rates of interest publicly announced by each bank that appears on the Reuters Screen US PRIME 1 Page (as defined below) as the applicable
bank’s prime rate or base lending rate as of 11:00 A.M., New York City time, on that Interest Determination Date; or (4) if fewer than four rates referred to in clause (3) are so published by 3:00 p.m., New York City time, on the
related Calculation Date, the rate on the particular Interest Determination Date calculated by the Calculation Agent as the arithmetic mean of the prime rates or base lending rates quoted on the basis of the actual number of days in the year divided
by a 360-day year as of the close of business on that Interest Determination Date by three major banks (which may include affiliates of the purchasing agent) in New York City selected by the Calculation Agent; or (5) if the banks so selected by
the Calculation Agent are not quoting as mentioned in clause (4), the Prime Rate in effect on the particular Interest Determination Date. “Reuters Screen US PRIME 1 Page” means the display on the Reuter Monitor Money Rates Service (or any
successor service) on the “US PRIME 1” page (or any other page as may replace that page on that service) for the purpose of displaying prime rates or base lending rates of major United States banks. 
  
 (I) Treasury Rate Notes. If the Interest Rate Basis is the Treasury
Rate, this Note shall be deemed a “Treasury Rate Note.” Unless otherwise specified on the face 

  

 A-3-20 

 
hereof, “Treasury Rate” means: (1) the rate from the auction held on the Interest Determination Date (the “Auction”) of direct
obligations of the United States (“Treasury Bills”) having the Index Maturity specified on the face hereof under the caption “INVESTMENT RATE” on the display on Moneyline Telerate (or any successor service) on page 56 (or any
other page as may replace that page on that service) (“Moneyline Telerate Page 56”) or page 57 (or any other page as may replace that page on that service) (“Moneyline Telerate Page 57”); or (2) if the rate referred to in
clause (1) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the Bond Equivalent Yield (as defined below) of the rate for the applicable Treasury Bills as published in H.15 Daily Update, or another
recognized electronic source used for the purpose of displaying the applicable rate, under the caption “U.S. Government Securities/Treasury Bills/Auction High”; or (3) if the rate referred to in clause (2) is not so published by
3:00 P.M., New York City time, on the related Calculation Date, the Bond Equivalent Yield of the auction rate of the applicable Treasury Bills as announced by the United States Department of the Treasury; or (4) if the rate referred to in
clause (3) is not so announced by the United States Department of the Treasury, or if the Auction is not held, the Bond Equivalent Yield of the rate on the particular Interest Determination Date of the applicable Treasury Bills as published in
H.15(519) under the caption “U.S. Government Securities/Treasury Bills/Secondary Market”; or (5) if the rate referred to in clause (4) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the
rate on the particular Interest Determination Date of the applicable Treasury Bills as published in H.15 Daily Update, or another recognized electronic source used for the purpose of displaying the applicable rate, under the caption “U.S.
Government Securities/Treasury Bills/Secondary Market”; or (6) if the rate referred to in clause (5) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the particular Interest
Determination Date calculated by the Calculation Agent as the Bond Equivalent Yield of the arithmetic mean of the secondary market bid rates, as of approximately 3:30 P.M., New York City time, on that Interest Determination Date, of three primary
United States government securities dealers (which may include the purchasing agent or its affiliates) selected by the Calculation Agent, for the issue of Treasury Bills with a remaining maturity closest to the Index Maturity specified on the face
hereof; or (7) if the dealers so selected by the Calculation Agent are not quoting as mentioned in clause (6), the Treasury Rate in effect on the particular Interest Determination Date. “Bond Equivalent Yield” means a yield (expressed
as a percentage) calculated in accordance with the following formula: 
  

					
	 Bond Equivalent Yield =
	  	D x N	  	x 100
	 	  	360 – (D x M)	  	 

  
 where “D”
refers to the applicable per annum rate for Treasury Bills quoted on a bank discount basis and expressed as a decimal, “N” refers to 365 or 366, as the case may be, and “M” refers to the actual number of days in the applicable
Interest Period. 
  

 A-3-21 

 (c) Discount Notes. If this Note is specified on the face hereof as a “Discount Note”:

  
 (i) Principal and Interest. This Note will bear
interest in the same manner as set forth in Section 3(a) above, and payments of principal and interest shall be made as set forth on the face hereof. Discount Notes may not bear any interest currently or may bear interest at a rate that is
below market rates at the time of issuance. The difference between the Issue Price of a Discount Note and par is referred to as the “Discount”. 
  
 (ii) Redemption; Repayment; Acceleration. In the event a Discount Note is redeemed, repaid or accelerated, the amount payable to the Holder of such
Discount Note will be equal to the sum of: (A) the Issue Price (increased by any accruals of Discount) and, in the event of any redemption of such Discount Note, if applicable, multiplied by the Initial Redemption Percentage (as adjusted by the
Annual Redemption Percentage Reduction, if applicable); and (B) any unpaid interest accrued on such Discount Note to the Maturity Date (“Amortized Face Amount”). Unless otherwise specified on the face hereof, for purposes of
determining the amount of Discount that has accrued as of any date on which a redemption, repayment or acceleration of maturity occurs for a Discount Note, a Discount will be accrued using a constant yield method. The constant yield will be
calculated using a 30-day month, 360-day year convention, a compounding period that, except for the Initial Period (as defined below), corresponds to the shortest period between Interest Payment Dates for the applicable Discount Note (with ratable
accruals within a compounding period), a coupon rate equal to the initial coupon rate applicable to the applicable Discount Note and an assumption that the maturity of such Discount Note will not be accelerated. If the period from the date of issue
to the first Interest Payment Date for a Discount Note (the “Initial Period”) is shorter than the compounding period for such Discount Note, a proportionate amount of the yield for an entire compounding period will be accrued. If the
Initial Period is longer than the compounding period, then the period will be divided into a regular compounding period and a short period with the short period being treated as provided above. 
  
 (d) Amortizing Notes. If this Note is specified on the face hereof as
an “Amortizing Note”, this Note will bear interest in the same manner as set forth in Section 3(a) above, and payments on principal, premium, if any, and interest will be made as set forth on the face hereof and/or in accordance with
Schedule I attached hereto. The Trust will make payments combining principal, premium (if any) and interest, if applicable, on the dates and in the amounts set forth in the table appearing in Schedule I attached to this Note or in
accordance with the formula specified on the face hereof. Payments made hereon will be applied first to interest due and payable hereon and then to the reduction of the unpaid principal amount hereof. 
  
 Section 4. Redemption. If no redemption right is set forth on the face
hereof, this Note may not be redeemed prior to the Stated Maturity Date, except as set forth in the Indenture or in Section 10 hereof. In the case of a Note that is not a Discount Note, if a redemption right is set forth on the face of this
Note, the Trust shall elect to redeem this Note on the Interest Payment Date after the Initial Redemption Date set forth on the face hereof on which the Funding Agreement is to be redeemed in whole or in part by GE Life and Annuity Assurance Company
(“GELAAC”) (each, 

  

 A-3-22 

 
a “Redemption Date”), in which case this Note must be redeemed on such Redemption Date in whole or in part, as applicable, prior to the Stated
Maturity Date, in increments of $1,000 at the applicable Redemption Price (as defined below), together with unpaid interest, if any, accrued thereon to, but excluding, the applicable Redemption Date. “Redemption Price” shall mean an amount
equal to the Initial Redemption Percentage (as adjusted by the Annual Redemption Percentage Reduction, if applicable) multiplied by the unpaid Principal Amount of this Note to be redeemed. The unpaid Principal Amount of this Note to be redeemed
shall be determined by multiplying (1) the Outstanding principal amount of this Note by (2) the quotient derived by dividing (A) the outstanding principal amount of the Funding Agreement to be redeemed by GELAAC by (B) the
outstanding principal amount of the Funding Agreement. The Initial Redemption Percentage, if any, applicable to this Note shall decline at each anniversary of the Initial Redemption Date by an amount equal to the applicable Annual Redemption
Percentage Reduction, if any, until the Redemption Price is equal to 100% of the unpaid amount thereof to be redeemed. Notice must be given not more than seventy-five (75) nor less than forty-five (45) calendar days prior to the proposed
Redemption Date. In the event of redemption of this Note in part only, a new Note for the unredeemed portion hereof shall be issued in the name of the Holder hereof upon the surrender hereof. 
  
 Section 5. Sinking Funds and Amortizing Notes. Unless specified on the
face hereof, this Note will not be subject to, or entitled to the benefit of, any sinking fund. If this Note is an Amortizing Note, this Note may pay an amount in respect of both interest and principal amortized over the life of this Note.

  
 Section 6. Repayment. If no repayment right is set forth on
the face hereof, this Note may not be repaid at the option of the Holder hereof prior to the Stated Maturity Date. If a repayment right is granted on the face of this Note, this Note may be subject to repayment at the option of the Holder on any
Interest Payment Date on and after the date, if any, indicated on the face hereof (each, a “Repayment Date”). On any Repayment Date, unless otherwise specified on the face hereof, this Note shall be repayable in whole or in part in
increments of $1,000 at the option of the Holder hereof at a repayment price equal to 100% of the Principal Amount to be repaid, together with interest thereon payable to the Repayment Date. For this Note to be repaid in whole or in part at the
option of the Holder hereof, this Note must be received by the Indenture Trustee, with the form entitled “Option to Elect Repayment”, below, duly completed not more than sixty (60) nor less than thirty (30) days prior to a
Repayment Date. Exercise of such repayment option by the Holder hereof shall be irrevocable. In the event of a repayment of this Note in part only, a new Note for the portion hereof not repaid shall be issued in the name of the Holder hereof upon
the surrender hereof. 
  
 Section 7. Modifications and Waivers.
The Indenture contains provisions permitting the Trust and the Indenture Trustee (1) at any time and from time to time without notice to, or the consent of, the Holders of any Notes issued under the Indenture to enter into one or more
supplemental indentures for certain enumerated purposes and (2) with the consent of the Holders of a majority in aggregate principal amount of the Outstanding Notes affected thereby, to enter into one or more supplemental indentures for the
purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, the Indenture or of modifying in any manner the rights of Holders of Notes under the Indenture; provided, that, with respect to certain
enumerated provisions, no such supplemental indenture shall be entered into without the consent of the 

  

 A-3-23 

 
Holder of each Note affected thereby. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all
future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note or such other Notes. 
  
 Section 8. Obligations Unconditional. No reference herein to the Indenture
and no provisions of this Note or of the Indenture shall impair the right of each Holder of any Note, which is absolute and unconditional, to receive payment of the principal, and any interest on, and premium, if any, on, such Note on the respective
Stated Maturity Date or redemption date thereof and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 
  
 Section 9. Events of Default. If an Event of Default with respect to this Note shall occur and be continuing, the
principal of, and all other amounts payable on, the Notes may be declared due and payable, or may be automatically accelerated, as the case may be, in the manner and with the effect provided in the Indenture. In the event that this Note is a
Discount Note, the amount of principal of this Note that becomes due and payable upon such acceleration shall be equal to the amount calculated as set forth in Section 3(c) hereof. 
  
 Section 10. Withholding; Tax Event and Redemption. All amounts due on this Note will be made without any applicable
withholding or deduction for or on account of any present or future taxes, duties, levies, assessments or other governmental charges of whatever nature imposed or levied by or on behalf of any governmental authority, unless such withholding or
deduction is required by law. Unless otherwise specified on the face hereof, the Trust will not pay any additional amounts to the Holder of this Note in respect of such withholding or deduction, any such withholding or deduction will not give rise
to an event of default or any independent right or obligation to redeem this Note and the Holder will be deemed for all purposes to have received cash in an amount equal to the portion of such withholding or deduction that is attributable to such
Holder’s interest in this Note as equitably determined by the Trust. 
  
 If (1) a Tax Event (defined below) as to the Funding Agreement occurs and (2) GELAAC redeems the Funding Agreement in whole, the Trust will redeem the Notes, subject to the terms and conditions of
Section 2.04 of the Indenture, at a Redemption Price equal to the Outstanding principal amount of the Notes together with unpaid interest accrued thereon to the applicable redemption date. “Tax Event” means that GELAAC shall
have received an opinion of independent legal counsel stating in effect that as a result of (a) any amendment to, or change (including any announced prospective change) in, the laws (or any regulations thereunder) of the United States or any
political subdivision or taxing authority thereof or therein or (b) any amendment to, or change in, an interpretation or application of any such laws or regulations by any governmental authority in the United States, which amendment or change
is enacted, promulgated, issued or announced on or after the effective date of the Funding Agreement, there is more than an insubstantial risk that (i) the Trust is, or will be within ninety (90) days of the date thereof, subject to U.S.
federal income tax with respect to interest accrued or received on the Funding Agreement or (ii) the Trust is, or will be within ninety (90) days of the date thereof, subject to more than a de minimis amount of taxes, duties or other
governmental charges. 
  

 A-3-24 

 Section 11. Listing. Unless otherwise specified on the face hereof, this Note will not be listed on
any securities exchange. 
  
 Section 12.
Collateral. The Collateral for this Note includes the Funding Agreement specified on the face hereof. 
  
 Section 13. No Recourse Against Certain Persons. No recourse shall be had for the payment of any principal, interest or any other sums at any time
owing under the terms of this Note, or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against the Nonrecourse Parties, whether by virtue of any
constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such personal liability being, by the acceptance hereof and as part of the consideration for issue hereof, expressly waived and released.

  
 Section 14. Miscellaneous. 
  
 (a) This Note is issuable only as a registered Note without coupons in
denominations of $1,000 and any integral multiple in excess thereof unless otherwise specified on the face of this Note. 
  
 (b) Prior to due presentment for registration of transfer of this Note, the Trust, the Indenture Trustee, the Registrar, the Paying Agent, any Agent and
any other agent of the Trust or the Indenture Trustee may treat the Person in whose name this Note is registered as the owner hereof for the purpose of receiving payment as herein provided and for all other purposes, whether or not this Note shall
be overdue, and none of the Trust, the Indenture Trustee, the Registrar, the Paying Agent, any Agent or any other agent of the Trust or the Indenture Trustee shall be affected by notice to the contrary. 
  
 (c) The Notes are being issued by means of physical distribution of Notes to
be made as provided in the Indenture. The Register maintained by the Registrar will evidence ownership of the Notes, with transfers of ownership effected on the Register and through the Transfer Agent. Transfer of principal, premium (if any) and
interest (if any) to the Holder will be the responsibility of the Paying Agent. The selection of any Notes to be redeemed or repaid will be determined by the Indenture Trustee pursuant to the Indenture. 
  
 (d) This Note or portion hereof may not be exchanged for Global Notes. No
service charge will be made for any registration of transfer or exchange, but the Trust may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
  
 Section 15. GOVERNING LAW. THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES (OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK), EXCEPT AS REQUIRED BY MANDATORY PROVISIONS OF LAW. 
  

 A-3-25 

 OPTION TO ELECT REPAYMENT 
  
 The undersigned hereby irrevocably request(s) and instruct(s) the Trust to repay this Note (or portion hereof specified
below) pursuant to its terms at a price equal to the Principal Amount hereof together with interest to the repayment date, to the undersigned, at: 
  

	
	 
	
	 

 (Please print or typewrite name and address of the undersigned). 
  
 For this Note to be repaid, the Indenture Trustee (or the Paying Agent on
behalf of the Indenture Trustee) must receive at its Corporate Trust Office, or at such other place or places of which the Trust shall from time to time notify the Holder of this Note, not more than sixty (60) nor less than thirty
(30) days prior to a Repayment Date, if any, shown on the face of this Note, this Note with this “Option to Elect Repayment” form duly completed. 
  

If less than the entire Principal Amount of this Note is to be repaid, specify the portion hereof (which shall be in increments of $1,000) which the
Holder elects to have repaid and specify the denomination or denominations (which shall be $             or an integral multiple of $1,000 in excess of
$            ) of the Notes to be issued to the Holder for the portion of this Note not being repaid (in the absence of any such specification, one such Note will be issued for the
portion not being repaid). 
  

			
	$ ____________________	 	_________________________
		
	DATE: _______________	 	NOTICE: The signature on this Option to Elect Repayment must correspond with the name as written upon the face of this Note in every particular, without alteration or enlargement or any change
whatever.
		
	Principal Amount to be repaid, if amount to be repaid is less than the Principal Amount of this Note (Principal Amount remaining must be an authorized denomination)	 	Fill in for registration of Notes if to be issued otherwise than to the registered Holder:
	 	 	Name: ___________________
	$ ____________________	 	Address: _________________
	 	 	_________________
	 	 	(Please print name and address including zip code)

  
 SOCIAL SECURITY OR OTHER TAXPAYER ID NUMBER:                      
  

 A-3-26 

 SCHEDULE I 
  

Amortization Table or Formula 
  

 A-3-27 

 EXHIBIT B 
  

Form of Indenture Trustee Report 
  
 Genworth Global Funding Trusts 
  
 Indenture Trustee Report for Payment Date [•], 20[••] 
  
 (i) the amount received by the Indenture Trustee as of the last Payment Date in respect of the principal, interest and premium, if any, on
Funding Agreements issued by GE Life and Annuity Assurance Company (“GELAAC”), 
  
 (ii) the amount of payment on such Payment Date to holders allocable to principal and premium, if any, and interest on the notes of the Trusts and the amount of aggregate unpaid interest accrued on such notes as of
such Payment Date, 
  
 (iii) the aggregate original stated principal amount of the
Funding Agreements, the current interest rate thereon at the close of business on such Payment Date, and 
  
 (iv) the aggregate principal balance of the notes at the close of business on such Payment Date. 
  
 TRUST # / FUNDING AGREEMENT #/CUSIP/ISSUE DATE/MATURITY/TYPE/RATE/INTEREST DUE/ UNPAID
INTEREST ACCRUED/ *PRINCIPAL DUE/ORIGINAL OUTSTANDING/CURRENT OUTSTANDING1 
  
 (v) the amounts of compensation received by the Indenture Trustee during the period relating
to such Payment Date. 
  
 Paid by the Trust:
[•] 
 Paid by GELAAC: [•] 
  

*Principal Due includes any applicable premium 

	1	To be in chart format on actual report. These items are column titles 

  

 B-1

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