Document:

Exhibit 4.9

  

   

    

   

    

   

    

  COREBRIDGE FINANCIAL, INC.

   

  TO

   

  THE BANK OF NEW YORK MELLON,

      Trustee

   

  

  
  
     

  

  
   

  First Supplemental Indenture

   

  Dated as of August 23, 2022

   

  (Supplemental to Subordinated Indenture Dated as of August 23, 2022)

      

      

  
  
     

  

  
  

    6.875% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2052 

   

    

   

    

   

    

  
     

    
      
 

  

  
  Table of Contents

   

  	ARTICLE One Definitions and Other Provisions of General Application	2
	Section 1.01. Relation to Existing Indenture	2
	Section 1.02. Definitions	2
	ARTICLE Two General Terms and Conditions of the Notes	6
	Section 2.01. Forms of Notes Generally	6
	Section 2.02. Form of Notes	6
	Section 2.03. Form of Trustee’s Certificate of Authentication of the Notes	7
	Section 2.04. Designation and Principal Amount	7
	Section 2.05. Maturity	8
	Section 2.06. Depositary	8
	Section 2.07. Rate of Interest; Interest Payment Dates	8
	Section 2.08. Deferral	9
	Section 2.09. Events of Default	10
	Section 2.10. Security Registrar; Paying Agent; Place of Payment	10
	Section 2.11. No Sinking Fund	10
	Section 2.12. Subordination	11
	Section 2.13. Defeasance	11
	Section 2.14. Exchanges of Global Note for Non-Global Note	11
	Section 2.15. Restricted Legend	12
	Section 2.16. Exchange Offer	12
	Section 2.17. Reports by Company	13
	ARTICLE Three Covenants	13
	Section 3.01. Dividend and Other Payment Stoppages	13
	ARTICLE Four Redemption of the Notes	15
	Section 4.01. Redemption	15
	ARTICLE Five Original Issue of Notes	16
	Section 5.01. Calculation of Original Issue Discount	16
	ARTICLE Six Supplemental Indentures	16
	Section 6.01. Supplemental Indentures without Consent of Holders	16
	Section 6.02. Supplemental Indentures with Consent of Holders	17
	ARTICLE Seven Miscellaneous	18
	Section 7.01. Effectiveness	18
	Section 7.02. Successors and Assigns	18
	Section 7.03. Relationship to Existing Indenture	18
	Section 7.04. Modification of the Existing Indenture	18

  

  
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  	Section 7.05. Tax Treatment	18
	Section 7.06. Governing Law	18
	Section 7.07. Severability	18
	Section 7.08. Counterparts	19
	Section 7.09. Trustee Makes No Representation	19

  
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  FIRST SUPPLEMENTAL INDENTURE

   

  FIRST SUPPLEMENTAL INDENTURE, dated as of August 23, 2022 (the “Supplemental Indenture”),

      between Corebridge Financial, Inc., a corporation duly organized and existing under the laws of the State of Delaware (the “Company”), and The Bank of New York Mellon, a New York banking corporation, as trustee (together with its successors
      and assigns in such capacity, the “Trustee”);

   

  RECITALS OF THE COMPANY

   

  WHEREAS, the Company has heretofore executed and delivered to the Trustee, an Indenture, dated
      as of August 23, 2022 (the “Existing Indenture”), providing for the issuance from time to time of the Company’s subordinated unsecured debt securities, debentures, notes, bonds or other evidences of indebtedness (herein and therein called the
      “Securities”), to be issued in one or more series; and the Existing Indenture, as may be amended or supplemented from time to time in respect of the Notes, including by this Supplemental Indenture, is hereinafter referred to as the “Indenture”;

   

  WHEREAS, Section 9.01 of the Existing Indenture permits the Company and the Trustee to enter
      into an indenture supplemental to the Existing Indenture to establish the form and terms of additional series of Securities;

   

  WHEREAS, Sections 2.01, 3.01 and 9.01 of the Existing Indenture permit the form and the terms
      of Securities of any additional series of Securities to be established pursuant to an indenture supplemental to the Existing Indenture;

   

  WHEREAS, the Company has authorized the issuance of $1,000,000,000 in aggregate principal
      amount of its 6.875% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2052 (the “Notes”);

   

  WHEREAS, the Notes will be established as a series of Securities under the Indenture;

   

  WHEREAS, the Company has duly authorized the execution and delivery of this Supplemental
      Indenture to establish the form and terms of the Notes; and

   

  WHEREAS, all things necessary to make this Supplemental Indenture a valid and legally binding
      agreement according to its terms have been done;

   

  NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH:

   

  For and in consideration of the premises and the purchase of the Notes by the Holders thereof,
      it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of the Notes, as follows: 

  

  
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  ARTICLE One

      Definitions and Other Provisions of General Application

   

  Section 1.01. Relation to Existing Indenture

   

  This Supplemental Indenture constitutes a part of the Indenture (the provisions of which, as
      modified by this Supplemental Indenture, shall apply to the Notes) in respect of the Notes, and shall not modify, amend or otherwise affect the Existing Indenture insofar as it relates to any other series of Securities or affect in any manner the
      terms and conditions of the Securities of any other series.

   

  Section 1.02. Definitions

   

  For all purposes of this Supplemental Indenture, the capitalized terms used herein (i) which
      are defined in the recitals or introductory paragraph hereof have the respective meanings assigned thereto in the applicable provision of the recitals and introductory paragraph, and (ii) which are defined in the Existing Indenture (and which are not
      defined in the recitals or introductory paragraph hereof) have the respective meanings assigned thereto in the Existing Indenture. For all purposes of this Supplemental Indenture:

   

  (a)          All references herein to Articles and Sections, unless otherwise specified,
      refer to the corresponding Articles and Sections of this Supplemental Indenture;

   

  (b)          The terms “herein,” “hereof,” and “hereunder” and words of similar import refer
      to this Supplemental Indenture; and

   

  (c)          The following terms have the meanings set forth below:

   

  “AIGLH” means AIG Life Holdings, Inc., a Texas corporation.

   

  “Business Day” means any day other than (i) a Saturday or Sunday, (ii) a day on which
      banking institutions in The City of New York are authorized or required by law or executive order to remain closed or (iii) a day on which the Corporate Trust Office of the Trustee is closed for business.

   

  “Calculation Agent” means the Company, an Affiliate of the Company selected by the
      Company, or any other firm appointed by the Company, in each case, in the Company’s sole discretion, acting as calculation agent in respect of the Notes.

   

  “Deferral Period” means the period beginning on an Interest Payment Date with respect to
      which the Company defers interest pursuant to ‎Section 2.08 and ending on the earlier of (i) the fifth anniversary of that Interest Payment Date and (ii) the next Interest Payment Date on which the Company has paid all deferred and unpaid amounts
      (including compounded interest on such deferred amounts) and all other accrued interest on the Notes.

   

  “Exchange Notes” means notes issued by the Company hereunder containing terms identical
      to the Notes (except (i) that interest thereon shall accrue from the last date on which interest was paid on the Notes or, if no such interest has been paid, from the Original Issue Date, (ii) that the legend or legends relating to transferability
      and other related matters set forth on the Notes, including the Restricted Legend, shall be removed or appropriately altered and (iii) as otherwise set forth herein), to be offered to holders of Notes in exchange for Exchange Notes pursuant to the
      Exchange Offer. 

  

  
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  “Exchange Offer” means a Registered Exchange Offer as defined in the Registration Rights
      Agreement.

   

  “Five-Year Treasury Rate” means, as of any Reset Interest Determination Date, the
      average of the yields on actively traded U.S. Treasury securities adjusted to constant maturity, for five-year maturities, for the most recent five Business Days appearing under the caption “Treasury Constant Maturities” in the Most Recent H.15. If
      the Five-Year Treasury Rate cannot be determined pursuant to the preceding sentence, the Calculation Agent, after consulting such sources as it deems comparable to any of the foregoing calculations, or any such source as it deems reasonable from
      which to estimate the Five-Year Treasury Rate, will determine the Five-Year Treasury Rate in its sole discretion, provided that if the Calculation Agent determines there is an industry-accepted successor Five-Year Treasury Rate, then the
      Calculation Agent will use such successor rate. If the Calculation Agent has determined a substitute or successor base rate in accordance with the foregoing, the Calculation Agent in its sole discretion may determine the Business Day convention, the
      definition of Business Day and the Reset Interest Determination Date to be used and any other relevant methodology for calculating such substitute or successor base rate, including any adjustment factor needed to make such substitute or successor
      base rate comparable to the Five-Year Treasury Rate, in a manner that is consistent with industry-accepted practices for such substitute or successor base rate.

   

  “Initial Interest Reset Date” means December 15, 2027.

   

  “Interest Period” means the period from, and including August 23, 2022 to, but
      excluding, December 15, 2022, and the period from, and including, each Interest Payment Date to, but excluding, the next Interest Payment Date or, if earlier, the Maturity Date.

   

  “Interest Reset Date” means the Initial Interest Reset Date and each date falling on the
      five-year anniversary of the preceding Interest Reset Date.

   

  “Interest Reset Period” means the period, from and including, the Initial Interest Reset
      Date to, but excluding, the next following Interest Reset Date and thereafter each period from, and including, each Interest Reset Date to, but excluding, the next following Interest Reset Date.

   

  “Most Recent H.15” means the H.15 published closest in time but prior to the close of
      business on the applicable Reset Interest Determination Date.

   

  “Original Issue Date” means August 23, 2022.

   

  “Pari Passu Securities” means (i) AIGLH’s $55 million aggregate principal
      amount of 8.500% junior subordinated debentures due July 2030, (ii) AIGLH’s $142 million aggregate principal amount of 8.125% junior subordinated debentures due March 2046 and (iii) AIGLH’s $31 million aggregate principal amount of 7.570% junior
      subordinated debentures due December 2045. 

  

  
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  “Parity Securities” means indebtedness of the Company that by its terms ranks in right
      of payment upon liquidation of the Company on a parity with the Notes, and includes the Notes and the Pari Passu Securities.

   

  “Rating Agency Event” means that any nationally recognized statistical rating
      organization within the meaning of Section 3(a)(62) under the Exchange Act that then publishes a rating for the Company (a “rating agency”) amends, clarifies or changes the criteria it uses to assign equity credit to securities such as
      the Notes, which amendment, clarification or change results in:

   

  (i)           the shortening of the length of time the Notes are assigned a
      particular level of equity credit by that rating agency compared to the length of time they would have been assigned that level of equity credit by that rating agency or its predecessor on the date hereof; or

   

  (ii)          the lowering of the equity credit (including up to a lesser amount)
      assigned to the Notes by that rating agency compared to the equity credit assigned by that rating agency or its predecessor on the date hereof.

   

  “Registration Rights Agreement” means the Registration Rights Agreement, dated as of the
      Original Issue Date, between the Company and the representatives named therein.

   

  “Regulatory Capital Event” means that the Company becomes subject to capital adequacy
      supervision by a capital regulator and the capital adequacy guidelines that apply to the Company as a result of being so subject set forth criteria pursuant to which the full principal amount of the Notes would not qualify as capital under such
      capital adequacy guidelines, as the Company may determine at any time, in its sole discretion.

   

  “Regulation S” means Regulation S as promulgated under the Securities Act.

   

  “Reset Interest Determination Date” means, in respect of any Interest Reset Period, the
      day falling two Business Days prior to the beginning of such Interest Reset Period.

   

  “Restricted Legend” means the legends set forth on Annex A to this Supplemental
      Indenture under the heading “Restricted Legend.”

   

  “Rule 144” means Rule 144 promulgated under the Securities Act or any successor
      provision.

   

  “Supplemental Indenture” means this instrument as originally executed or as it from time
      to time may be supplemented or amended by one or more agreements supplemental hereto.

  
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  “Tax Event” means the receipt by the Company of an opinion of independent counsel
      experienced in such matters to the effect that, as a result of any: 

   

    

  (i)           amendment to or change (including any officially announced proposed
      change) in the laws or regulations of the United States or any political subdivision or taxing authority of or in the United States that is enacted or effective on or after the date hereof;

   

  (ii)          official administrative decision or judicial decision or
      administrative action or other official pronouncement (including a private letter ruling, technical advice memorandum or other similar pronouncement) by any court, government agency or regulatory authority that reflects an amendment to, or change in,
      the interpretation or application of those laws or regulations that is announced on or after the date hereof; or

   

  (iii)         threatened challenge asserted in connection with an audit of the
      Company, or a threatened challenge asserted in writing against any taxpayer that has raised capital through the issuance of securities that are substantially similar to the Notes, which challenge is asserted against the Company or becomes publicly
      known on or after the date hereof,

   

  there is more than an insubstantial increase in the risk that interest payable by
      the Company on the Notes is not, or within 90 days of the date of such opinion will not be, deductible by the Company, in whole or in part, for U.S. federal income tax purposes.

   

  “Temporary Regulation S Legend” means the third paragraph of the legend set forth on
      Annex A to this Supplemental Indenture under the heading “Temporary Regulation S Legend.”

   

  “Treasury Rate” means, with respect to any redemption date, the yield determined by the
      Company in accordance with the following two paragraphs:

   

  (i)           The Treasury Rate shall be determined by the Company after 4:15
      p.m., New York City time (or after such time as yields on U.S. government securities are posted daily by the Board of Governors of the Federal Reserve System), on the third Business Day preceding the redemption date based upon the yield or yields for
      the most recent day that appear after such time on such day in the most recent statistical release published by the Board of Governors of the Federal Reserve System designated as “Selected Interest Rates (Daily) - H.15” (or any successor designation
      or publication) (“H.15”) under the caption “U.S. government securities–Treasury constant maturities–Nominal” (or any successor caption or heading). In determining the Treasury Rate, the Company shall select, as applicable: (1) the yield for
      the Treasury constant maturity on H.15 exactly equal to the period from the redemption date to the Reference Date (the “Remaining Life”); or (2) if there is no such Treasury constant maturity on H.15 exactly equal to the Remaining Life, the
      two yields – one yield corresponding to the Treasury constant maturity on H.15 immediately shorter than and one yield corresponding to the Treasury constant maturity on H.15 immediately longer than the Remaining Life – and shall interpolate to the
      Reference Date on a straight-line basis (using the actual number of days) using such yields and rounding the result to three decimal places; or (3) if there is no such Treasury constant maturity on H.15 shorter than or longer than the Remaining Life,
      the yield for the single Treasury constant maturity on H.15 closest to the Remaining Life. For purposes of this paragraph, the applicable Treasury constant maturity or maturities on H.15 shall be deemed to have a maturity date equal to the relevant
      number of months or years, as applicable, of such Treasury constant maturity from the redemption date. 

  

  
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  (ii)          If on the third Business Day preceding the redemption date H.15 or
      any successor designation or publication is no longer published, the Company shall calculate the Treasury Rate based on the rate per annum equal to the semi-annual equivalent yield to maturity at 11:00 a.m., New York City time, on the second Business
      Day preceding such redemption date of the United States Treasury security maturing on, or with a maturity that is closest to, the Reference Date, as applicable. If there is no United States Treasury security maturing on the Reference Date but there
      are two or more United States Treasury securities with a maturity date equally distant from the Reference Date, one with a maturity date preceding the Reference Date and one with a maturity date following the Reference Date, the Company shall select
      the United States Treasury security with a maturity date preceding the Reference Date. If there are two or more United States Treasury securities maturing on the Reference Date or two or more United States Treasury securities meeting the criteria of
      the preceding sentence, the Company shall select from among these two or more United States Treasury securities the United States Treasury security that is trading closest to par based upon the average of the bid and asked prices for such United
      States Treasury securities at 11:00 a.m., New York City time. In determining the Treasury Rate in accordance with the terms of this paragraph, the semi-annual yield to maturity of the applicable United States Treasury security shall be based upon the
      average of the bid and asked prices (expressed as a percentage of principal amount) at 11:00 a.m., New York City time, of such United States Treasury security, and rounded to three decimal places.

   

  ARTICLE Two

      General Terms and Conditions of the Notes

   

  Section 2.01. Forms of Notes Generally

   

  The Notes shall be in substantially the forms set forth in this Article with such appropriate
      insertions, omissions, substitutions and other variations as are required or permitted by the Existing Indenture and this Supplemental Indenture 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 or Depositary thereto, or as may, consistent with the Existing Indenture and this Supplemental Indenture, be determined by the officers executing such Notes, as
      evidenced by their execution of such Notes.

   

  The Notes shall be issued initially in the form of global notes (each, a “Global Note”),
      registered in the name of the Depositary or its nominee and deposited with the Trustee, as custodian for the Depositary, for credit by the Depositary to the respective accounts of beneficial owners of the Notes represented thereby (or such other
      accounts as they may direct). Each such Global Note will constitute a single Security for all purposes of the Indenture.

   

  Section 2.02. Form of Notes

   

  The Notes shall be in substantially the form of Annex A to this Supplemental Indenture. 

  

  
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  Section 2.03. Form of Trustee’s Certificate of
        Authentication of the Notes

   

  The Trustee’s certificates of authentication shall be in substantially the following form:

   

  This is one of the Notes of the series designated therein referred to in the within-mentioned
      Indenture.

   

  Dated:

   

  		 THE BANK OF NEW YORK MELLON.

            As Trustee
	 	 	 
	 	By:	 
	 	 	Authorized Signatory

   

  Section 2.04. Designation and Principal Amount

   

  (a)            Designation

   

  Pursuant to Sections 2.01 and 3.01 of the Existing Indenture, there is hereby established a
      series of Securities of the Company designated as the 6.875% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2052, the principal amount of which to be issued shall be in accordance with Section 2.04(b) and as set forth in a Company Order for
      the authentication and delivery of Notes pursuant to the Existing Indenture, and the form and terms of which shall be as set forth hereinafter.

   

  (b)            Principal Amount; Additional Notes

   

  Notes in an initial aggregate principal amount of $1,000,000,000 upon execution of this
      Supplemental Indenture, shall be executed by the Company and delivered to the Trustee, and the Trustee shall thereupon authenticate and deliver said Notes in accordance with a Company Order. At any time and from time to time after the date hereof,
      without the consent of any Holders of the Notes, the Company may execute and deliver additional Notes to the Trustee for authentication, in an unlimited amount together with a Company Order for the authentication and delivery of such additional
      Notes, so long as such additional Notes are issued either (i) pursuant to a “qualified reopening” of the original series, (ii) with less than the de minimis threshold for original issue discount or (iii) otherwise as part of the same “issue” of debt
      instruments as the original series, in each case for U.S. federal income tax purposes. Any additional Notes so issued shall have the same terms and conditions as the Notes issued on the date hereof in all respects, except for any difference in the
      issue date, issue price, interest accrued prior to the issue date of the additional Notes and first Interest Payment Date and shall be governed by this Supplemental Indenture and shall rank equally and ratably in right of payment with the Notes
      issued on the date of this Supplemental Indenture and, together with the Notes issued as of the date of this Supplemental Indenture, shall be treated as a single series of Notes for all purposes. 

  

  
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  Section 2.05. Maturity

   

  The Notes will mature on December 15, 2052 (the “Maturity Date”). If the Maturity Date
      is not a Business Day, payment of principal and interest to be made on the Maturity Date shall be made on the next Business Day (but no interest shall accrue as a result of such postponement).

   

  Section 2.06. Depositary

   

  The Notes shall be substantially in the form of Exhibit A, shall include the Trustee’s
      certificate of authentication in the form required by Section 2.05 of the Existing Indenture and shall be issued in fully registered definitive form without interest coupons.

   

  The Notes initially are issuable solely as Global Securities and shall bear the legend required
      by Section 2.04 of the Existing Indenture.

   

  With respect to Notes issuable or issued in whole or in part in the form of one or more Global
      Notes, the Depositary shall be The Depository Trust Company, for so long as it shall be a clearing agency registered under the Exchange Act, or such successor (which shall be a clearing agency registered under the Exchange Act) as the Company shall
      designate from time to time in an Officers’ Certificate delivered to the Trustee.

   

  Section 2.07. Rate of Interest; Interest Payment Dates

   

  (a)            Rate of Interest; Accrual

   

  The Notes shall bear interest on their principal amount: (i) from, and including, August 23,
      2022, to, but excluding, the Initial Interest Reset Date at the rate of 6.875% per annum and (ii) from and including the Initial Interest Reset Date, during each Interest Reset Period, at the rate equal to the Five-Year Treasury Rate as of the most
      recent Reset Interest Determination Date, plus 3.846% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months. Defaulted Interest and interest deferred pursuant to ‎Section 2.08 will bear interest, to the extent
      permitted by law, at the interest rate in effect from time to time provided in this ‎Section 2.07(a), from and including the relevant Interest Payment Date, compounded on each subsequent Interest Payment Date.

   

  (b)            Calculation Agent

   

  Unless the Company has redeemed all of the outstanding Notes as of the Initial Interest Reset
      Date, the Company shall appoint a Calculation Agent with respect to the Notes prior to the Reset Interest Determination Date preceding the Initial Interest Reset Date. The applicable interest rate for each Interest Reset Period will be determined by
      the Calculation Agent as of the applicable Reset Interest Determination Date. If the Company or one of its affiliates is not the Calculation Agent, the Calculation Agent shall notify the Company of the interest rate for the relevant Interest Reset
      Period promptly upon such determination. The Company shall notify the Trustee of such interest rate, promptly upon making or being notified of such determination. The Calculation Agent’s determination of any interest rate and its calculation of the
      amount of interest for any Interest Reset Period beginning on or after the Initial Interest Reset Date will be conclusive and binding absent manifest error, will be made in the Calculation Agent’s sole discretion and, notwithstanding anything to the
      contrary in the Indenture or this Note, will become effective without consent from any other person or entity. Such determination of any interest rate and calculation of the amount of interest will be on file at the Company’s principal offices and
      will be made available to any Holder upon request. 

  

  
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  (c)            Interest Payment Dates

   

  Subject to ‎Section 2.08, accrued interest on the Notes shall be payable semi-annually in
      arrears on June 15 and December 15 of each year, commencing on December 15, 2022, and on the Maturity Date (each such date, an “Interest Payment Date”), or if any such day is not a Business Day, the next Business Day (but no interest will
      accrue as a result of that postponement), to the Holders of the Notes at the close of business on the immediately preceding June 1 and December 1 (in each case, whether or not a Business Day), as the case may be.

   

  Section 2.08. Deferral

   

  (a)            Option to Defer Interest Payments

   

  (i)           So long as no Event of Default with respect to the Notes has
      occurred or is continuing, the Company shall have the right, at any time and from time to time, to defer the payment of interest on the Notes for one or more consecutive Interest Periods that do not exceed five years for any single Deferral Period, provided
      that no Deferral Period shall extend beyond the Maturity Date, any earlier accelerated maturity date arising from an Event of Default or any other earlier redemption of the Notes. If the Company has paid all deferred interest (including compounded
      interest thereon) on the Notes, the Company shall have the right to elect to begin a new Deferral Period pursuant to this ‎Section 2.08(a).

   

  (ii)          At the end of any Deferral Period, the Company shall pay all
      deferred interest (including compounded interest thereon) on the Notes to the Persons in whose names the Notes are registered in the Security Register at the close of business on the Regular Record Date with respect to the Interest Payment Date at
      the end of such Deferral Period.

   

  (b)            Notice of Deferral

   

  The Company shall give written notice of its election to commence or continue any Deferral
      Period to the Trustee and the Holders of the Notes at least one Business Day and not more than 60 Business Days before the next Interest Payment Date. Such notice shall be given to the Trustee and each Holder of Notes at such Holder’s address
      appearing in the Security Register by first-class mail, postage prepaid (or, as long as the Notes are held through DTC, such notice shall be transmitted in accordance with applicable procedures of DTC). 

  

  
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  Section 2.09. Events of Default

   

  (a)            Clauses (1) through (4) of Section 5.01 of the Existing Indenture shall not
      apply to the Notes. Clauses (5) and (6) of Section 5.01 of the Existing Indenture shall apply to the Notes.

   

  (b)            If an Event of Default specified in Clause (5) or (6) of Section 5.01 of the
      Existing Indenture occurs, the principal amount of all the Notes shall automatically, and without any declaration or other action on the part of the Trustee or any Holder, become immediately due and payable.

   

  (c)            The Trustee shall provide to the Holders of the Notes notice of any Event of
      Default or default with respect to the Notes within 90 days after the Trustee has knowledge (as provided in Section 6.03(11) of the Existing Indenture) of such Event of Default or default. However, except in the case of a default in payment on the
      Notes, the Trustee will be protected in withholding the notice if the Trustee determines that withholding of the notice is in the interest of such Holders.

   

  (d)            The Trustee shall have no right or obligation under the Indenture or otherwise
      to exercise any remedies on behalf of any Holders of the Notes pursuant to the Indenture in connection with any default, unless such remedies are available under the Indenture and the Trustee is directed to exercise such remedies pursuant to and
      subject to the conditions of Section 5.12 of the Existing Indenture, provided, however, that this provision shall not affect the rights of the Trustee with respect to any Events of Default as set forth in ‎Section 2.09(b) that may
      occur with respect to the Notes. In connection with any such exercise of remedies the Trustee shall be entitled to the same immunities and protections and remedial rights (other than acceleration) as if such default were an Event of Default.

   

  (e)             For purposes of this ‎Section 2.09, the term “default” means any of the
      following events:

   

  (i)            default in the payment of interest, including compounded interest,
      in full on any Notes for a period of 30 days after the conclusion of a five-year period following the commencement of any Deferral Period if such Deferral Period has not ended prior to the conclusion of such five-year period;

   

  (ii)           default in the payment of principal of or premium, if any, on the
      Notes when due; or

   

  (iii)          default in the observance or performance of any covenant or
      agreement contained in the Indenture or the Notes.

   

  Section 2.10. Security Registrar; Paying Agent; Place
        of Payment

   

  The Company appoints the Trustee as Security Registrar and Paying Agent with respect to the
      Notes. The Place of Payment for the Notes will be as specified in the Notes.

   

  Section 2.11. No Sinking Fund

   

  The Notes shall not be subject to Article XII of the Existing Indenture. 

  

  
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  Section 2.12. Subordination

   

  The subordination provisions of Article XIV of the Existing Indenture shall apply to the Notes,
      except that solely for purposes of the Notes, Section 14.03 of the Existing Indenture shall be amended as follows:

   

  (a)          Clauses (1) and (2) of Section 14.03 of the Existing Indenture shall be deleted
      and replaced with the following:

   

  “(1) (i) In the event and during the continuation of any default in the payment of principal, premium,
      if any, or interest on any Senior Indebtedness beyond any applicable grace period with respect thereto, (ii) in the event that any event of default with respect to any Senior Indebtedness shall have occurred and be continuing, permitting the direct
      holders of that Senior Indebtedness (or a trustee on behalf of the holders thereof) to accelerate maturity of that Senior Indebtedness, whether or not the maturity is in fact accelerated (unless, in the case of either subclause (i) or (ii) of this
      clause (1), the payment default or event of default has been cured or waived or ceased to exist and any related acceleration has been rescinded), or (iii) in the event that any judicial proceeding shall be pending with respect to a payment default or
      event of default described in subclause (i) or (i) of this clause (1), no payment or distribution of any kind or character, whether in cash, securities or other property, shall be made by the Company on account of the principal of or interest on the
      Notes unless and until all amounts then due and payable in respect of such Senior Indebtedness, including any interest accrued after such event occurs, shall have been paid in full.”

   

  (b)          Clause “(3)” of Section 14.03 of the Existing Indenture shall be renumbered clause
      “(2)”; and

   

  (c)          Clause “(4)” of Section 14.03 of the Existing Indenture shall be renumbered clause
      “(3)”.

   

  Section 2.13. Defeasance

   

  The Notes shall be subject to the defeasance and discharge provisions of Section 13.02 of the
      Existing Indenture and the provisions of Section 13.03 of the Existing Indenture regarding defeasance of certain covenants and certain events of default.

   

  Section 2.14. Exchanges of Global Note for Non-Global
        Note

   

  Notwithstanding any other provision in this Indenture, no Global Note may be exchanged in whole
      or in part for Notes registered, and no transfer of a Global Note in whole or in part may be registered, in the name of any Person other than the Depositary for such Global Note or a nominee thereof unless (A) such Depositary has notified the Company
      that it is unwilling or unable or no longer permitted under applicable law to continue as Depositary for such Global Note and the Company does not appoint another institution to act as Depositary within 90 days, (B) there shall have occurred and be
      continuing an Event of Default with respect to such Global Note, or (C) the Company so directs the Trustee by a Company Order. 

  

  
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  Section 2.15. Restricted Legend

   

  (a)           Except as otherwise provided in paragraph ‎(d) of this ‎Section 2.15, or ‎Section
      2.14, each Note shall bear the legend set forth in Section 2.04 of the Existing Indenture and the Restricted Legend and any temporary Global Security authenticated and delivered for any Notes offered and sold in offshore transactions in reliance on
      Regulation S shall bear the Temporary Regulation S Legend. Following the expiration of the distribution compliance period set forth in Regulation S with respect to any temporary Global Securities, beneficial interests in such temporary Global
      Securities shall be exchanged for one or more permanent Global Securities upon certification that the beneficial holder is not a U.S. person (within the meaning of Regulation S).

   

  (b)           The Notes shall initially be issued in the form of one or more individual
      Securities registered in the name of the Depositary. Any such Global Securities shall be Global Securities for purposes of the Existing Indenture and shall be subject to the provisions thereof governing Global Securities, except as modified hereby.

   

  (c)           If the Company determines (upon the advice of counsel and such other
      certifications and evidence as the Company may reasonably require) that a Note is eligible for resale pursuant to Rule 144 without compliance with any limits thereunder and that the Restricted Legend or Temporary Regulation S Legend is no longer
      necessary or appropriate in order to ensure that subsequent transfers of the Note (or a beneficial interest therein) are effected in compliance with the Securities Act, the Company shall instruct the Trustee in a Company Order to cancel the Note and
      to authenticate and deliver to the Holder thereof (or to its transferee) a new Note of like tenor and amount of the same series, registered in the name of the Holder thereof (or its transferee), that does not bear the Restricted Legend or Temporary
      Regulation S Legend, and the Trustee, upon receipt of an Officers’ Certificate and an Opinion of Counsel pursuant to Section 1.02 of the Existing Indenture, will comply with such Company Order.

   

  (d)           By its acceptance of any Note bearing the Restricted Legend or Temporary
      Regulation S Legend (or any beneficial interest in such a Note), each Holder thereof and each owner of a beneficial interest therein acknowledges the restrictions on transfer of such Note (and any such beneficial interest) set forth in this
      Supplemental Indenture and in the Restricted Legend and Temporary Regulation S Legend and agrees that it will transfer such Note (and any such beneficial interest) only in accordance with this Supplemental Indenture and such legend.

   

  Section 2.16. Exchange Offer

   

  Upon the occurrence of the Exchange Offer, the Company shall issue and, upon receipt of a
      Company Order, the Trustee shall authenticate (i) one or more Global Securities without the Restricted Legend or the Temporary Regulation S Legend in an aggregate principal amount equal to the principal amount of the beneficial interests in the
      Global Securities with the Restricted Legend or Temporary Regulation S Legend accepted for exchange in the Exchange Offer and (ii) definitive Notes (if any) without the Restricted Legend or Temporary Regulation S Legend in an aggregate principal
      amount equal to the principal amount of the definitive Notes with the Restricted Legend or Temporary Regulations S Legend accepted for exchange in the Exchange Offer. Concurrently with the issuance of such Notes, the Trustee shall cause the aggregate
      principal amount of the applicable Global Securities with the Restricted Legend or Temporary Regulation S Legend to be reduced accordingly and shall cause any definitive Notes with the Restricted Legend or Temporary Regulation S Legend accepted for
      exchange in the Exchange Offer to be cancelled in accordance with Section 3.09 of the Existing Indenture. Any Notes that remain outstanding after the consummation of an Exchange Offer, and Exchange Notes issued in connection with an Exchange Offer,
      shall be treated as a single class of Notes under this Indenture. 

  

  
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  Section 2.17. Reports by Company

   

  The Company has agreed that, for so long as any Notes remain outstanding during any period when
      it is not subject to Section 13 or 15(d) of the Exchange Act, it will furnish to the holders of the Notes and to prospective investors, upon their request, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act.

   

  ARTICLE Three

      Covenants

   

  Section 3.01. Dividend and Other Payment Stoppages

   

  So long as any Notes remain outstanding, (a) if the Company has given notice of its election to
      defer interest payments on the Notes but the related Deferral Period has not yet commenced, or (b) a Deferral Period is continuing, the Company shall not, and shall not permit any Subsidiary to:

   

  (i)          declare or pay any dividends or distributions on, or redeem,
      purchase, acquire or make a liquidation payment with respect to, any shares of capital stock of the Company;

   

  (ii)          make any payment of principal of, or interest or premium, if any,
      on, or repay, purchase or redeem any of the Company’s debt securities that rank upon the Company’s liquidation on a parity with or junior to the Notes (including the Pari Passu Securities); or

   

  (iii)        make any guarantee payments regarding any guarantee issued by the
      Company of securities of any Subsidiary if the guarantee ranks upon the Company’s liquidation on a parity with or junior to the Notes;

  
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  provided, however, the restrictions in clauses (i), (ii) and (iii) above do not apply to: 

   

    

  (A)          any purchase, redemption or other acquisition of shares of its capital
      stock by the Company in connection with:

   

  (1)           any employment contract, benefit plan or other similar arrangement
      with or for the benefit of any one or more of its employees, officers, directors, consultants or independent contractors;

   

  (2)           the satisfaction of the Company’s obligations pursuant to any
      contract entered into prior to the beginning of the applicable Deferral Period;

   

  (3)           a dividend reinvestment or shareholder purchase plan; or

   

  (4)           the issuance of shares of the Company’s capital stock, or securities
      convertible into or exercisable for such capital stock, as consideration in an acquisition transaction, the definitive agreement for which is entered into prior to the applicable Deferral Period;

   

  (B)          any exchange, redemption or conversion of any class or series of the
      Company’s capital stock, or shares of the capital stock of one of its Subsidiaries, for any other class or series of the Company’s capital stock, or of any class or series of the Company’s indebtedness for any class or series of the Company’s capital
      stock;

   

  (C)           any purchase of fractional interests in shares of the Company’s
      capital stock pursuant to the conversion or exchange provisions of such capital stock or the securities being converted or exchanged;

   

  (D)          any declaration of a dividend in connection with any shareholder
      rights plan, or the issuance of rights, stock or other property under any shareholder rights plan, or the redemption or purchase of rights pursuant thereto; or

   

  (E)           any dividend in the form of stock, warrants, options or other rights
      where the dividend stock issuable upon exercise of such warrants, options or other rights is the same stock as that on which the dividend is being paid or ranks equally with or junior to such stock; or

   

  (F)           (i) any payment of current or deferred interest on Parity Securities
      that is made pro rata to the amounts due on such Parity Securities (including the Notes) and (ii) any payments of principal or current or deferred interest on Parity Securities that, if not made, would cause the Company to breach the terms of
      the instrument governing such Parity Securities.

   

  For the avoidance of doubt, notwithstanding anything herein to the contrary, no terms of the
      Notes will restrict in any manner the ability of any of the Subsidiaries to pay dividends or make any distributions to the Company or to any other Subsidiaries. 

  

  
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  ARTICLE Four

      Redemption of the Notes

   

  Section 4.01. Redemption

   

  (a)           The Notes shall be redeemable in accordance with the procedures set forth in
      Article XI of the Existing Indenture:

   

  (i)          in whole at any time or in part from time to time, during the
      three-month period prior to, and including, December 15, 2027, or the three-month period prior to, and including, each subsequent Interest Reset Date thereafter (each such period, a “Par Call Period”), in each case at 100% of the principal amount of
      the Notes being redeemed;

   

  (ii)         in whole at any time or in part from time to time, on any date that
      is not within a Par Call Period, at a redemption price equal to the greater of (i) the principal amount of the Notes being redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal of and interest on the Notes
      being redeemed discounted to the redemption date (assuming the Notes matured on the next following Interest Reset Date (the “Reference Date”)) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate,
      plus 50 basis points, less interest accrued to the redemption date;

   

  (iii)        in whole, but not in part, at any time within 90 days after the
      occurrence of a Tax Event or a Regulatory Capital Event at 100% of the principal amount of the Notes being redeemed; or

   

  (iv)        in whole, but not in part, at any time within 90 days after the
      occurrence of a Rating Agency Event at 102% of the principal amount of the Notes being redeemed;

   

  plus, in each case, accrued and unpaid interest to but excluding the Redemption Date.

   

  provided, in each case, that no partial redemption shall be effected unless at least $25
      million aggregate principal amount of the Notes, excluding any Notes held by the Company or any of its Affiliates, shall remain outstanding after giving effect to such redemption.

   

  provided, further, in each case, that all accrued and unpaid interest, including
      deferred interest (and compounded interest) shall have been paid in full on all Outstanding Notes for all Interest Periods ending on or before the Redemption Date.

   

  (b)           In the case of a partial redemption, selection of the Notes for redemption shall
      be made, by lot by the Trustee; provided that for so long as the notes are held by DTC (or another Depositary), selection of the Notes for redemption shall be done in accordance with the policies and procedures of the Depositary. No Notes of a
      principal amount of $2,000 or less shall be redeemed in part. If any definitive Note is to be redeemed in part only, the notice of redemption that relates to such definitive Note shall state the portion of the principal amount of the Note to be
      redeemed. A new definitive Note in a principal amount equal to the unredeemed portion of such Note shall be issued in the name of the Holder of the Note upon surrender for cancellation of the original definitive Note. 

  

  
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  (c)           The Company’s actions and determinations in determining the redemption price,
      including those of any agent designated by the Company, shall be conclusive and binding for all purposes, absent manifest error.

   

  (d)           In no event, shall the Trustee be responsible for monitoring the ratings of the
      Notes or an occurrence of a Rating Agency Event.

   

  (e)           The Trustee shall have no responsibility to calculate, or to verify the Company’s
      calculation of, the redemption price.

   

  ARTICLE Five

      Original Issue of Notes

   

  Section 5.01. Calculation of Original Issue Discount

   

  If during any calendar year any original issue discount shall have accrued on the Notes, the
      Company shall file with each Paying Agent (including the Trustee if it is a Paying Agent) promptly at the end of each calendar year (a) a written notice specifying the amount of original issue discount (including daily rates and accrual periods)
      accrued on Outstanding Notes as of the end of such year and (b) such other specific information relating to such original issue discount as may then be relevant under the Internal Revenue Code of 1986, as amended from time to time, or Treasury
      Regulations enacted thereunder, or other administrative or judicial guidance.

   

  ARTICLE Six

      Supplemental Indentures

   

  Section 6.01. Supplemental Indentures without Consent
        of Holders

   

  Solely for purposes of the Notes, Section 9.01 of the Existing Indenture shall be deleted and
      replaced with the following:

   

  “Section 9.01. Supplemental Indentures without Consent of Holders.

   

  Without the consent of any Holders, the Company, when authorized by a Board
      Resolution, and the Trustee, at any time and from time to time, may supplement or amend the Indenture for any of the following purposes:

   

  (1)       to evidence the succession of another Person to the Company and the
      assumption by any such successor of the covenants of the Company herein and in the Notes; or

   

  (2)       to add to or modify the covenants of the Company for the benefit of the
      Holders of Notes or to surrender any right or power herein conferred upon the Company (including the Company’s surrendering, without limitation, of any redemption right, including the Company’s right to redeem the Notes upon the occurrence of the
      Rating Agency Event); provided that no such amendment or modification may add Events of Default or acceleration events with respect to the Notes; or 

  

  
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  (3)       to evidence and provide for the acceptance of appointment hereunder by a
      successor Trustee with respect to the Notes; or

   

  (4)       to cure any ambiguity, to correct or supplement any provision herein which
      may be defective or inconsistent with any other provision herein or in any supplemental indenture, or to make any other provisions with respect to matters or questions arising under this Indenture, provided such action shall not adversely
      affect the interests of the Holders of Notes in any material respect; or

   

  (5)       to make any changes to the Indenture in order to conform the Indenture to
      the final offering memorandum provided to investors in connection with the offering of the Notes.”

   

  Section 6.02. Supplemental Indentures with Consent of
        Holders

   

  Solely for purposes of the Notes, clauses (1) through (3) of Section 9.02(a) of the Existing
      Indenture shall be deleted and replaced with the following clauses (1) through (8):

   

  “(1)     change the Stated Maturity of any payment of principal of or interest
      (including any additional interest) on the Notes;

   

  (2)       change the manner of calculating payments due on the Notes in a manner
      adverse to Holders (it being understood that making changes to the Five-Year Treasury Rate as provided in the definition therein will not be deemed adverse to the Holders);

   

  (3)       reduce the requirements contained in the Indenture for quorum or voting;

   

  (4)       change the Place of Payment for any payment on the Notes that is adverse to
      the Holders or change the currency in which any payment on the Notes is payable;

   

  (5)       impair the right of any Holder to institute suit for the enforcement of any
      payment on the Notes;

   

  (6)       reduce the percentage in principal amount of Outstanding Notes, the consent
      of whose Holders is required for any such supplemental indenture, or the consent of whose Holders is required for any waiver of compliance with any provision of this Indenture or any defaults hereunder and the consequences provided for hereunder; 

  

  
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  (7)       reduce the principal amount of, the rate of interest on or any premium
      payable upon the redemption of the Notes; or

   

  (8)       modify any of the provisions of this Article IX.”

   

  ARTICLE Seven

      Miscellaneous

   

  Section 7.01. Effectiveness

   

  This Supplemental Indenture will become effective upon its execution and delivery.

   

  Section 7.02. Successors and Assigns

   

  All covenants and agreements in the Existing Indenture, as supplemented and amended by this
      Supplemental Indenture, by the Company shall bind its successors and assigns, whether so expressed or not.

   

  Section 7.03. Relationship to Existing Indenture

   

  This Supplemental Indenture is a supplemental indenture within the meaning of the Existing
      Indenture. The Existing Indenture, as supplemented and amended by this Supplemental Indenture, is in all respects ratified, confirmed and approved and, with respect to the Notes, the Existing Indenture, as supplemented and amended by this
      Supplemental Indenture, shall be read, taken and construed as one and the same instrument.

   

  Section 7.04. Modification of the Existing Indenture

   

  Except as expressly modified by this Supplemental Indenture, the provisions of the Existing
      Indenture shall govern the terms and conditions of the Notes.

   

  Section 7.05. Tax Treatment

   

  The Company and, by acceptance of the Notes or a beneficial interest in the Notes, each Holder
      and beneficial owner of a Note agree to treat the Notes as indebtedness for United States federal income tax purposes.

   

  Section 7.06. Governing Law

   

  This Supplemental Indenture and the Notes shall be governed by and construed in accordance with
      the laws of the State of New York.

   

  Section 7.07. Severability

   

  If any provision of the Existing Indenture, as supplemented and amended by this Supplemental
      Indenture, shall be held or deemed to be or shall, in fact, be illegal, inoperative or unenforceable, the same shall not affect any other provision or provisions herein contained or render the same invalid, inoperative or unenforceable to any extent
      whatever. 

  

  
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  Section 7.08. Counterparts

   

  This instrument may be executed in any number of counterparts, each of which so executed
      shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. Receipt by telecopy or electronic mail of any executed signature page to this instrument shall constitute effective delivery of
      such signature page. Electronic signatures may be used in lieu of signatures affixed by hand, and such electronic signature shall have the same validity and effect as signatures affixed by hand.

   

  Section 7.09. Trustee Makes No Representation

   

  The recitals contained herein are made by the Company and not by the Trustee, and the Trustee
      assumes no responsibility for the correctness thereof. The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture other than its certificates of authentication. 

  
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  IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be
      duly executed all as of the day and year first above written.

   

  		 COREBRIDGE FINANCIAL, INC.
	 	 	 
	 	By:	/s/ Elias Habayeb 
	 	 	Name: 	Elias Habayeb
	 	 	Title: 	Executive Vice President and Chief Financial Officer

   

  

  		THE BANK OF NEW YORK MELLON,
	 	as Trustee
	 	 	 
	 	By:	/s/ Francine Kincaid 
	 	 	Name: 	Francine Kincaid
	 	 	Title: 	Vice President

  

  
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  EXHIBIT A

   

  FORM OF NOTE

   

  THIS NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO
      AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A NOTE REGISTERED, AND NO TRANSFER OF THIS NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN
      SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

   

  TRANSFERS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO THE
      DEPOSITORY TRUST COMPANY (“DTC”), TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE
      REFERRED TO ON THE REVERSE HEREOF.

   

  Temporary Regulation S Legend

   

  [[FOR REGULATION S GLOBAL NOTE ONLY] UNTIL 40 DAYS AFTER THE LATER OF COMMENCEMENT OR
      COMPLETION OF THE OFFERING, AN OFFER OR SALE OF SECURITIES WITHIN THE UNITED STATES BY A DEALER (AS DEFINED IN THE SECURITIES ACT (AS DEFINED BELOW)) MAY VIOLATE THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IF SUCH OFFER OR SALE IS MADE
      OTHERWISE THAN IN ACCORDANCE WITH RULE 144A THEREUNDER.]

   

  Restricted Legend

   

  THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
      “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS NOTE NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF
      SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION.

   

  THE HOLDER OF THIS NOTE, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON BEHALF OF
      ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) THAT IS IN THE CASE OF RULE 144A NOTES: ONE YEAR AFTER THE LATER OF THE
      ORIGINAL ISSUE DATE HEREOF, THE ORIGINAL ISSUE DATE OF THE ISSUANCE OF ANY ADDITIONAL NOTES AND THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS NOTE (OR ANY PREDECESSOR OF SUCH NOTE), IN THE CASE OF REGULATION S
      NOTES: 40 DAYS AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND THE DATE ON WHICH THIS NOTE (OR ANY PREDECESSOR OF SUCH NOTE) WAS FIRST OFFERED TO PERSONS OTHER THAN DISTRIBUTORS (AS DEFINED IN RULE 902 OF REGULATION S) IN RELIANCE ON REGULATION
      S, ONLY (A) TO THE ISSUER OR ANY SUBSIDIARY THEREOF, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE NOTES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES
      ACT (“RULE 144A”), TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS
      BEING MADE IN RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES TO NON-U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT, OR (E) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE
      REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE ISSUER’S AND THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (D) OR (E) TO REQUIRE CERTIFICATION AND/ OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM.
      THIS LEGEND WILL BE REMOVED UPON THE EARLIER OF THE TRANSFER OF THIS NOTE PURSUANT TO CLAUSE (B) ABOVE OR REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE. THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY
      PURCHASER OF THIS NOTE OF THE RESALE RESTRICTIONS REFERRED TO IN THIS PARAGRAPH. IN THE CASE OF REGULATION S NOTES: BY ITS ACQUISITION HEREOF, THE HOLDER HEREOF REPRESENTS THAT IT IS NOT A U.S. PERSON NOR IS IT PURCHASING FOR THE ACCOUNT OF A U.S.
      PERSON AND IS ACQUIRING THIS NOTE IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT. 

  

  
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  BY ITS ACQUISITION OF THIS NOTE, THE HOLDER HEREOF WILL BE DEEMED TO HAVE REPRESENTED AND
      WARRANTED THAT EITHER (1) NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD THIS NOTE CONSTITUTES THE ASSETS OF AN EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO TITLE I OF THE U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED
      (“ERISA”), OF A PLAN, INDIVIDUAL RETIREMENT ACCOUNT OR OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975 OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) (A “COVERED PLAN”) OR PROVISIONS UNDER ANY OTHER FEDERAL, STATE, LOCAL,
      NON-U.S. OR OTHER LAWS OR REGULATIONS THAT ARE SIMILAR TO SUCH PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAWS”), OR OF AN ENTITY OR ACCOUNT WHOSE UNDERLYING ASSETS ARE CONSIDERED TO INCLUDE “PLAN ASSETS” OF ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT, OR
      (2) THE ACQUISITION AND HOLDING OF THIS NOTE WILL NOT CONSTITUTE A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A SIMILAR VIOLATION UNDER ANY APPLICABLE SIMILAR LAWS. 

  

  
    2

    
      
 

  

  BY ITS ACQUISITION OF THIS NOTE, EACH PURCHASER OF THIS NOTE THAT IS USING ASSETS OF ANY
      COVERED PLAN TO ACQUIRE OR HOLD THIS NOTE PURSUANT TO THE INITIAL OFFERING WILL BE DEEMED TO REPRESENT THAT NONE OF THE ISSUER, THE INITIAL PURCHASERS OR ANY OF THE ISSUER’S OR THEIR RESPECTIVE AFFILIATES HAS ACTED AS THE COVERED PLAN’S FIDUCIARY, OR
      HAS BEEN RELIED UPON FOR ANY ADVICE, WITH RESPECT TO THE PURCHASER’S DECISION TO ACQUIRE THE NOTES.

   

  UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DTC, A NEW YORK CORPORATION, TO
      COREBRIDGE FINANCIAL, INC. OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF CEDE & CO.
      (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO 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. 

  
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  COREBRIDGE FINANCIAL, INC.

      6.875% FIXED-TO-Fixed reset RATE Junior Subordinated Notes due 2052

   

  No.

    CUSIP No.:  

  ISIN No.:

   

  COREBRIDGE FINANCIAL, INC., a corporation duly organized and existing under the laws of
      Delaware (herein called the “Company,” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or its registered assigns, the principal sum of ______ dollars
      ($___________) on December 15, 2052 (the “Maturity Date”), or if such day is not a Business Day (as defined below), the following Business Day and no interest will accrue as a result of the postponement.

   

  The Company further promises to pay interest on said principal sum (i) from and including
      December 15, 2022 to, but not including, December 15, 2027 at the rate of 6.875% per annum and (ii) from and including December 15, 2027, during each Interest Reset Period, at the rate equal to the Five-Year Treasury Rate as of the most recent Reset
      Interest Determination Date, plus 3.846% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months) semi-annually in arrears on June 15 and December 15 of each year, commencing on December 15, 2022, and on the Maturity
      Date (each such date, an “Interest Payment Date”), subject to deferral as set forth herein. In the event that any Interest Payment Date falls on a day that is not a Business Day, the interest payment due on that date will be postponed to the
      next day that is a Business Day, and no interest will accrue as a result of that postponement. A “Business Day” shall mean any day other than (i) a Saturday or Sunday, (ii) a day on which banking institutions in The City of New York are
      authorized or required by law or executive order to remain closed or (iii) a day on which the Corporate Trust Office is closed for business. Defaulted Interest and interest deferred pursuant to said Indenture will bear additional interest to the
      extent permitted by law, at the rate in effect from time to time, from and including the relevant Interest Payment Date, compounded on each subsequent Interest Payment Date.

   

  The interest so payable, and punctually paid or duly provided for, on any Interest Payment
      Date, as provided in such Indenture, shall be paid to the Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the June 1 or
      December 1 (in each case, whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such
      Regular Record Date and may either be paid, in the case of deferred interest, as provided in the following paragraph, and otherwise to the Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business
      on a Special Record Date for the payment of Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Notes not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner,
      all as more fully provided in said Indenture. 

  

  
    1

    
      
 

  

  Unless the Company has redeemed all of the outstanding Notes as of the Initial Interest Reset
      Date, the Company shall appoint a calculation agent (the “Calculation Agent”) with respect to the Notes prior to the Reset Interest Determination Date preceding the Initial Interest Reset Date. The Company or any of its affiliates may assume
      the duties of the Calculation Agent. The applicable interest rate for each Interest Reset Period will be determined by the Calculation Agent as of the applicable Reset Interest Determination Date. If the Company or one of its affiliates is not the
      Calculation Agent, the Calculation Agent shall notify the Company of the interest rate for the relevant Interest Reset Period promptly upon such determination. The Company shall notify the Trustee of such interest rate, promptly upon making or being
      notified of such determination. The Calculation Agent’s determination of any interest rate and its calculation of the amount of interest for any Interest Reset Period beginning on or after the Initial Interest Reset Date will be conclusive and
      binding absent manifest error, will be made in the Calculation Agent’s sole discretion and, notwithstanding anything to the contrary in the Indenture or this Note, will become effective without consent from any other person or entity. Such
      determination of any interest rate and calculation of the amount of interest will be on file at the Company’s principal offices and will be made available to any Holder upon request.

   

  So long as no Event of Default with respect to this Note has occurred or is continuing, the
      Company shall have the right at any time during the term of this Note to defer payment of interest on this Note for one or more consecutive Interest Periods that do not exceed five years for any single Deferral Period, during which the Company shall
      have the right to make partial payments of interest on any Interest Payment Date, and at the end of which the Company shall pay all interest then accrued and unpaid; provided, however, that no Deferral Period shall extend beyond the
      Maturity Date or the earlier accelerated maturity date arising from an Event of Default or redemption of this Note. Upon the termination of any Deferral Period and upon the payment of all deferred interest then due, the Company may elect to begin a
      new Deferral Period, subject to the above requirements.

   

  So long as any Notes remain outstanding, if the Company has given notice of its election to
      defer interest payments on the Notes but the related Deferral Period has not yet commenced or a Deferral Period is continuing, the Company shall not, and shall not permit any Subsidiary to, (i) declare or pay any dividends or other distributions on,
      or redeem, purchase, acquire or make a liquidation payment with respect to, any shares of the Company’s capital stock, (ii) make any payment of principal of, or interest or premium, if any, on or repay, purchase or redeem any debt securities of the
      Company that rank upon the Company’s liquidation on a parity with this Note (including the Pari Passu Securities) or junior to this Note or (iii) make any guarantee payments regarding any guarantee issued by the Company of securities of any
      Subsidiary if the guarantee ranks upon the Company’s liquidation on a parity with or junior to this Note (other than (a) any purchase, redemption or other acquisition of shares of its capital stock in connection with (1) any employment contract,
      benefit plan or other similar arrangement with or for the benefit of any one or more of its employees, officers, directors, consultants or independent contractors, (2) the satisfaction of the Company’s obligations pursuant to any contract entered
      into prior to the beginning of the applicable Deferral Period, (3) a dividend reinvestment or shareholder purchase plan, or (4) the issuance of shares of the Company’s capital stock, or securities convertible into or exercisable for such shares, as
      consideration in an acquisition transaction, the definitive agreement for which is entered into prior to the applicable Deferral Period, (b) any exchange, redemption or conversion of any class or series of the Company’s capital stock, or the capital
      stock of one of its Subsidiaries, for any other class or series of its capital stock, or of any class or series of its indebtedness for any class or series of its capital stock, (c) any purchase of fractional interests in shares of the Company’s
      capital stock pursuant to the conversion or exchange provisions of such shares or the securities being converted or exchanged, (d) any declaration of a dividend in connection with any shareholder rights plan, or the issuance of rights, stock or other
      property under any shareholder rights plan, or the redemption or purchase of rights pursuant thereto, (e) any dividend in the form of stock, warrants, options or other rights where the dividend stock or stock issuable upon exercise of such warrants,
      options or other rights is the same stock as that on which the dividend is being paid or ranks equally with or junior to such stock, or (f) (1) any payment of current or deferred interest on Parity Securities that is made pro rata to the amounts due
      on such Parity Securities (including the Notes), and (2) any payments of principal or current or deferred interest on Parity Securities that, if not made, would cause the Company to breach the terms of the instrument governing such Parity
      Securities). 

  

  
    2

    
      
 

  

  The Company shall give written notice of its election to commence or continue any Deferral
      Period to the Trustee and the Holders of all Notes then Outstanding at least one Business Day and not more than 60 Business Days before the next Interest Payment Date. Such notice shall be given to the Trustee and the Holder of this Note at such
      Holder’s address appearing in the Security Register by first-class mail, postage prepaid (or, as long as the Notes are held through DTC, such notice shall be transmitted in accordance with applicable procedures of DTC).

   

  Payment of the principal of (and premium, if any) and interest on this Note will be made at the
      paying agency office or agency of the Company maintained for that purpose in the United States, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided,
      however, that, at the option of the Company, payment of interest may be made (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer in immediately
      available funds at such place and to such bank account number as may be designated by the Person entitled thereto as specified in the Security Register in writing not less than ten days before the relevant Interest Payment Date.

   

  The indebtedness evidenced by this Note is, to the extent provided in the Indenture,
      subordinate and junior in right of payment to the prior payment in full of all Senior Indebtedness, and this Note is issued subject to the provisions of the Indenture with respect thereto. Each Holder of this Note, by accepting the same, (a) agrees
      to and shall be bound by such provisions, (b) authorizes and directs the Trustee on such Holder’s behalf to take such actions as may be necessary or appropriate to effectuate the subordination so provided and (c) appoints the Trustee such Holder’s
      attorney-in-fact for any and all such purposes. Each Holder hereof, by such Holder’s acceptance hereof, waives all notice of the acceptance of the subordination provisions contained herein and in the Indenture by each holder of Senior Indebtedness,
      whether now outstanding or hereafter incurred, and waives reliance by each such holder upon said provisions. 

  

  
    3

    
      
 

  

  The Company and, by acceptance of this Note or a beneficial interest in this Note, each Holder
      and beneficial owner of this Note agree to treat this Note as indebtedness for United States federal income tax purposes.

   

  By acceptance of this Note or a beneficial interest in this Note, each Holder hereof and any
      person acquiring a beneficial interest herein, agree that either (A) no portion of the assets used by such purchaser to acquire and hold this Note or a beneficial interest in this Note constitutes assets of any (i) employee benefit plan subject to
      Title I of the U.S. Employee Retirement Income Security Act of 1974, as amended (“ERISA”), (ii) any plan, individual retirement accounts and other arrangement subject to Section 4975 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”),

      or provisions under any federal, state, local, non-U.S. or other laws or regulations that are similar to such provisions of ERISA or the Code (collectively, “Similar Laws”), and (iii) entities whose underlying assets are considered to include
      “plan assets” of any such plan, account or arrangement within the meaning of Section 3(42) of ERISA as modified by 29 CFR § 2510.3-101 or under any applicable Similar Laws or (B) the purchase and holding of this Note or a beneficial interest in this
      Note by such purchaser will not constitute a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or a similar violation under any applicable Similar Laws.

   

  Reference is hereby made to the further provisions of this Note set forth on the reverse
      hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.

   

  Unless the certificate of authentication hereon has been executed by the Trustee referred to on
      the reverse hereof by manual, facsimile or electronic signature, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
    4

    
      
 

  

  IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed.

   

  Date:

   

  		COREBRIDGE FINANCIAL, INC.
	 	 	 
	 	By:	          
	 	Name:
	 	Title:

  

  
    5

    
      
 

  

  
  TRUSTEE’S CERTIFICATE OF AUTHENTICATION

   

  This is one of the Securities of the series designated therein referred to in the within
      mentioned Indenture.

   

  Date:

   

  

  		THE BANK OF NEW YORK MELLON, as Trustee
	 	 	 
	 	By	      
	 		Authorized Officer

  

  
    1

    
      
 

  

  (FORM OF REVERSE OF NOTE)

   

  This Note is one of a duly authorized issue of Securities of the Company designated as the
      6.875% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2052 (herein called the “Notes”), issued under the Indenture, dated as of August 23, 2022 (the “Existing Indenture”), between the Company and The Bank of New York Mellon, as
      trustee (the “Trustee”), as amended and supplemented by the First Supplemental Indenture, dated as of August 23, 2022, between the Company and the Trustee (the “Supplemental Indenture,” and together with the Existing Indenture, the “Indenture”),

      to which Indenture and all other indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Trustee, the Company and the Holders of the Notes, and
      of the terms upon which the Notes are, and are to be, authenticated and delivered.

   

  All terms used in this Note that are defined in the Indenture shall have the meanings assigned
      to them in the Indenture.

   

  The Notes shall be redeemable at the election of the Company in accordance with the terms of
      the Indenture. In particular, this Note is redeemable:

   

  (a)       in whole at any time or in part from time to time, during the three-month
      period prior to, and including, December 15, 2027, or the three-month period prior to, and including, each subsequent Interest Payment Date thereafter (each such period, a “Par Call Period”), in each case at 100% of the principal amount of the
      Notes being redeemed;

   

  (b)       in whole at any time or in part from time to time, on any date that is
      not within a Par Call Period, at a redemption price equal to the greater of (i) the principal amount of the Notes being redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal of and interest on the Notes
      being redeemed discounted to the redemption date (assuming the Notes matured on the Reference Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate, plus 50 basis points, less interest accrued
      to the redemption date;

   

  (c)       in whole, but not in part, at any time within 90 days after the
      occurrence of a Tax Event or a Regulatory Capital Event, at a redemption price equal to 100% of the principal amount of the Notes being redeemed; or

   

  (d)       in whole, but not in part, at any time within 90 days after the
      occurrence of a Rating Agency Event, at a redemption price equal to 102% of the principal amount of the Notes being redeemed.

   

  plus, in each case, accrued and unpaid interest to but excluding the Redemption Date; provided
      that if the Notes are not redeemed in whole, at least $25 million aggregate principal amount of the Outstanding Notes remain outstanding after giving effect to such redemption.

   

  Notwithstanding the foregoing, the Company may not redeem the Notes unless all accrued and
      unpaid interest, including deferred interest (and compounded interest), has been paid in full on all Outstanding Notes for all Interest Periods ending on or before the Redemption Date. 

  

  
    2

    
      
 

  

  The Trustee shall have no responsibility to calculate, or to verify the Company’s calculations
      of, the redemption price.

   

  In the event of a redemption of this Note in part only, a new Note or Notes and of a like tenor
      for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof.

   

  No sinking fund is provided for the Notes.

   

  The Indenture contains provisions for satisfaction and discharge of the entire indebtedness of
      this Note upon compliance by the Company with certain conditions set forth in the Indenture.

   

  The Indenture permits, with certain exceptions as therein provided, the Company and the Trustee
      at any time to enter into a supplemental indenture or indentures for the purpose of modifying in any manner the rights and obligations of the Company and of the Holders of the Notes, with the consent of the Holders of not less than a majority in
      principal amount of the Outstanding Notes to be affected by such supplemental indenture. The Indenture also contains provisions permitting Holders of specified percentages in principal amount of the Notes at the time Outstanding, on behalf of the
      Holders of all Notes, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. 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 herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note.

   

  As provided in and subject to the provisions of the Indenture, if an Event of Default as set
      forth in the Indenture occurs, the principal amount of the Notes shall automatically become due and payable; provided that in any such case the payment of principal and interest on such Notes shall remain subordinated to the extent provided
      in Article XIV of the Existing Indenture.

   

  No reference herein to the Indenture and no provision of this Note or of the Indenture shall
      alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of (and premium, if any) and interest on this Note at the times, place and rate, and in the coin or currency, herein prescribed.

   

  As provided in the Indenture and subject to certain limitations therein set forth, the transfer
      of this Note is registrable in the Security Register, upon surrender of this Note for registration of transfer at the office or agency of the Company maintained under Section 10.02 of the Existing Indenture duly endorsed by, or accompanied by a
      written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Notes, of authorized denominations and for the
      same aggregate principal amount, will be issued to the designated transferee or transferees. No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax
      or other governmental charge payable in connection therewith. 

  

  
    3

    
      
 

  

  Prior to due presentment of this Note for registration of transfer, the Company, the Trustee
      and any agent of the Company or the Trustee shall have the right to treat and shall treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note be overdue, and neither the Company, the Trustee
      nor any such agent shall be affected by notice to the contrary.

   

  The Notes are issuable only in registered form without coupons in minimum denominations of
      $2,000 and any integral multiples of $1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, the Notes are exchangeable for a like aggregate principal amount of Notes of a different authorized
      denomination, as requested by the Holder surrendering the same.

   

  THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
      YORK. 

  
    4

    
      
 

  

  ASSIGNMENT FORM

   

  To assign this Note, fill in the form below:

   

  I or we assign and transfer this Note to

   

  (Print or type assignee’s name, address and zip

   

  code) (Insert assignee’s soc. sec. or tax I.D. No.)

   

  and irrevocably appoint       agent to transfer this Note on the books of the Issuer. The agent may
      substitute another to act for him.

   

  

  
  
     

  

  
  

   

  Date:_________________________________          Your Signature: _________________________________ 

  Sign exactly as your name appears on the other side of this Note.

   

  Signature Guarantee*:

   

  *       Participant in a recognized Signature Guarantee Medallion Program (or other signature
      guarantor acceptable to the Trustees). 

  
    5

    
      
 

  

  CERTIFICATE TO BE DELIVERED UPON EXCHANGE 

  OR REGISTRATION OF TRANSFER RESTRICTED NOTES

   

  This certificate relates to $     principal amount of Notes held in (check
      applicable space)     book-entry or      definitive form by the undersigned.

   

  The undersigned (check one box below):

   

  		☐	has requested the Trustee by written order to deliver in exchange for its beneficial interest in a Global Note held by the Depositary a Note or Notes in definitive,
            registered form of authorized denominations and an aggregate principal amount equal to its beneficial interest in such Global Note (or the portion thereof indicated above) in accordance with the Indenture; or

   

  		☐	has requested the Trustee by written order to exchange or register the transfer of a Note or Notes.

   

  In connection with any transfer of any of the Notes evidenced by this
      certificate, the undersigned confirms that such Notes are being transferred in accordance with its terms:

   

  CHECK ONE BOX BELOW

   

  		(1)	☐ 	to the Issuer or subsidiary thereof; or

   

  

  		(2)	☐ 	under a registration statement that has been declared effective under the Securities Act of 1933, as amended (the “Securities Act”); or

   

  
    		(3)	☐ 	for so long as the Notes are eligible for resale under Rule 144A, to a person seller reasonably believes is a qualified institutional buyer that is purchasing for its
              own account or the account of another qualified buyer that is purchasing for its own account or for the account of another qualified institutional buyer and to whom notice is given that the transfer is being made in reliance on Rule 144A; or

  
  

  		(4)	☐ 	through offers and sales to non-U.S. persons that occur outside the United States within the meaning of Regulation S under the Securities Act; or

   

  		(5)	☐ 	under any other available exemption from the registration requirements of the Securities Act.

  

  
    6

    
      
 

  

  

  Unless one of the boxes is checked, the Trustee shall refuse to register any
      of the Notes evidenced by this certificate in the name of any Person other than the registered Holder thereof; provided, however, that if box (5) is checked, the Issuer or the Trustee may require, prior to registering any such transfer of the Notes,
      such legal opinions, certifications and other information as the Issuer or the Trustee has reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the registration
      requirements of the Securities Act of 1933.

   

  

   

  		Your Signature

   

  Signature of Signature Guarantee

   

  Date: _______________________________ 

  

   

  

  		Signature of Signature Guarantor

   

  

  
  
     

  

  
  

   

  TO BE COMPLETED BY PURCHASER IF (3) ABOVE IS CHECKED.

   

  The undersigned represents and warrants that it is purchasing this Note for
      its own account or an account with respect to which it exercises sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act of 1933, and is aware that the
      sale to it is being made in reliance on Rule 144A and acknowledges that it has received such information regarding the Company, the Issuer and the Subsidiary Guarantors as the undersigned has requested pursuant to Rule 144A or has determined not to
      request such information and that it is aware that the transferor is relying upon the undersigned’s foregoing representations in order to claim the exemption from registration provided by Rule 144A.

   

  Dated: 

  

  

   

  		NOTICE: To be executed by an executive officer
	 	 
	 	Name:
	 	Title:

   

  Signature Guarantee*: 

  

   

  		*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee).

   

  [TO BE ATTACHED TO GLOBAL NOTES] 

  
    7

    
      
 

  

  SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE

   

  The initial principal amount of this Global Note is $[     ]. The following
      increases or decreases in this Global Note have been made:

   

  	
          Date of Exchange 

        	 	
          Amount of decrease in Principal Amount of this Global Note 

        	 	
          Amount of increase in Principal Amount of this Global Note 

        	 	
          Principal amount of this Global Note following such decrease or increase 

        	 	
          Signature of authorized signatory of U.S. Trustee or Custodian 

        

   

   

  

  1Exhibit 10.3

   

  FORM OF

   

  SEPARATION AGREEMENT

   

  by and between

   

  AMERICAN INTERNATIONAL GROUP, INC.

   

  and

   

  COREBRIDGE FINANCIAL, INC.

   

  Dated as of [●], 2022

   

  
     

    
      
 

  

  
   

  TABLE OF CONTENTS

   

  Page

   

  

  	Article I
	DEFINITIONS
	 	 	 
	Section 1.1	Definitions	2
	 	 	 
	Section 1.2	Timing of Provisions	15
	 	 	 
	Article II
	THE SEPARATION
	 	 	 
	Section 2.1	Transfers of Assets and Assumption of Liabilities	16
	 	 	 
	Section 2.2	Corebridge Assets; AIG Assets	18
	 	 	 
	Section 2.3	Corebridge Liabilities; AIG Liabilities	21
	 	 	 
	Section 2.4	Separation Date	23
	 	 	 
	Section 2.5	Approvals and Notifications	23
	 	 	 
	Section 2.6	Assignment and Novation of Liabilities	26
	 	 	 
	Section 2.7	Release of Guarantees	28
	 	 	 
	Section 2.8	Intercompany Agreements	29
	 	 	 
	Section 2.9	Treatment of Shared Contracts	30
	 	 	 
	Section 2.10	Bank Accounts; Cash Balances	31
	 	 	 
	Section 2.11	Ancillary Agreements	32
	 	 	 
	Section 2.12	Certain Real Property  and Other Matters	32
	 	 	 
	Section 2.13	Disclaimer of Representations and Warranties	32
	 
	Article III
	THE IPO
	 	 	 
	Section 3.1	Sole and Absolute Discretion; Cooperation	33
	 	 	 
	Section 3.2	Actions Prior to the IPO	33
	 	 	 
	Section 3.3	Conditions Precedent to Consummation of the IPO	34
	 
	Article IV
	BOARD OF DIRECTORS AND CORPORATE GOVERNANCE
	 	 	 
	Section 4.1	Corebridge Board	34
	 	 	 
	Section 4.2	Audit Committee of the Corebridge Board	35
	 	 	 
	Section 4.3	Compensation Committee of the Corebridge Board	36

  
    i

    
      
 

  

   

  	Section 4.4	Nominating and Governance Committee of the Corebridge Board	38
	 	 	 
	Section 4.5	Implementation	38
	 	 	 
	Article V
	AIG APPROVAL AND CONSENT RIGHTS
	 
	Section 5.1	AIG Approval and Consent Rights	39
	 	 	 
	Section 5.2	Implementation	42
	 
	Article VI
	INFORMATION, DISCLOSURE AND FINANCIAL ACCOUNTING
	 	 	 
	Section 6.1	Information Rights During Full Consolidation Periods	42
	 	 	 
	Section 6.2	Information Rights During Equity Accounting Periods	43
	 	 	 
	Section 6.3	General Information Requirements	43
	 	 	 
	Section 6.4	Reporting Coordination Committee	44
	 	 	 
	Section 6.5	Matters Concerning Auditors	44
	 	 	 
	Section 6.6	Release of Information and Public Filings	45
	 	 	 
	Section 6.7	Information in Connection with Regulatory or Supervisory Requirements	46
	 	 	 
	Section 6.8	Implementation with Respect to Legal Disclosures	47
	 	 	 
	Section 6.9	Expenses	48
	 
	Article VII
	SUBSEQUENT SALES OF COMMON STOCK
	 	 	 
	Section 7.1	Registration Rights	48
	 	 	 
	Section 7.2	Equity Purchase Rights	48
	 	 	 
	Section 7.3	Lock-Up Provisions	50
	 
	Article VIII
	OTHER PROVISIONS
	 	 	 
	Section 8.1	Related Party Transaction Policy	51
	 	 	 
	Section 8.2	Certain Policies and Procedures	51
	 	 	 
	Section 8.3	Access to Personnel and Data	52
	 	 	 
	Section 8.4	Access to Historical Records	53
	 	 	 
	Section 8.5	Indemnification	54
	 	 	 
	Section 8.6	Insurance Matters.	54
	 	 	 
	Section 8.7	Non-Solicitation	57

  
    ii

    
      
 

  

   

  	 
	Article IX
	MUTUAL RELEASES; INDEMNIFICATION
	 	 	 
	Section 9.1	Mutual Releases	57
	 	 	 
	Section 9.2	Indemnification by Corebridge	60
	 	 	 
	Section 9.3	Indemnification by AIG	61
	 	 	 
	Section 9.4	Indemnification Obligation Procedure Net of Insurance Proceeds and Other Amounts	62
	 	 	 
	Section 9.5	Procedures for Indemnification of Third-Party Claims	63
	 	 	 
	Section 9.6	Additional Matters	65
	 	 	 
	Section 9.7	Right of Contribution	66
	 	 	 
	Section 9.8	Covenant Not to Sue	67
	 	 	 
	Section 9.9	Remedies Cumulative	67
	 	 	 
	Section 9.10	Survival of Indemnitees	67
	 	 	 
	Section 9.11	Tax Matters Agreement Coordination	67
	 
	Article X
	DISPUTE RESOLUTION
	 	 	 
	Section 10.1	Negotiation and Mediation	67
	 	 	 
	Section 10.2	Arbitration	68
	 	 	 
	Section 10.3	Confidentiality	69
	 
	Article XI
	GENERAL PROVISIONS
	 
	Section 11.1	Obligations Subject to Applicable Law	70
	 	 	 
	Section 11.2	Notices	70
	 	 	 
	Section 11.3	Specific Performance; Remedies	70
	 	 	 
	Section 11.4	Applicable Law	71
	 	 	 
	Section 11.5	Severability	71
	 	 	 
	Section 11.6	Confidential Information	71
	 	 	 
	Section 11.7	Amendment, Modification and Waiver	71
	 	 	 
	Section 11.8	Assignment	72
	 	 	 
	Section 11.9	Further Assurances	72
	 	 	 
	Section 11.10	Third Party Beneficiaries	72
	 	 	 
	Section 11.11	Discretion of Parties	72

  
    iii

    
      
 

  

   

  	Section 11.12	Entire Agreement	72
	 	 	 
	Section 11.13	Term	72
	 	 	 
	Section 11.14	Counterparts	73
	 	 	 
	Section 11.15	Limitations of Liability	73
	 	 	 
	Section 11.16	Mutual Drafting	73
	 	 	 
	Section 11.17	Force Majeure	73
	 	 	 
	Section 11.18	No Set-Off	73
	 	 	 
	Section 11.19	Expenses	73
	 	 	 
	Section 11.20	Interpretation	74

  

   

  Annexes

   

  Annex A - Form of Common Interest Agreement

   

  Annex B-1 - Data Protection Addendum 1

   

  Annex B-2 - Data Protection Addendum 2

   

  
    iv

    
      
 

  

  separation AGREEMENT

   

  This SEPARATION AGREEMENT, dated as of [●], 2022 (this “Agreement”), is by and between
      American International Group, Inc., a Delaware corporation (“AIG”), and Corebridge Financial, Inc., a Delaware corporation (“Corebridge”) (each a “Party” and, collectively, the “Parties”).

   

  RECITALS:

   

  WHEREAS, AIG owns 90.1% of the issued and outstanding Common Stock (as defined herein)
      of Corebridge immediately prior to the date hereof;

   

  WHEREAS, the board of directors of AIG (the “AIG Board”) has determined that it
      is in the best interests of AIG and its stockholders, to separate the Corebridge Business from the other businesses conducted by AIG (the “Separation”) and complete an initial public offering (“IPO”) of Common Stock (as defined below)
      pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended;

   

  WHEREAS, immediately following Completion of the IPO (as defined herein), AIG will
      continue to own a majority of the outstanding Common Stock;

   

  WHEREAS, in connection with the IPO, the AIG Board has determined that it is in the
      best interests of AIG and its stockholders, and the board of directors of Corebridge (the “Corebridge Board”) has determined that it is in the best interests of Corebridge and its stockholders, for AIG and Corebridge to enter into the
      Ancillary Agreements (as defined herein) as set forth in Section 2.11 of this Agreement;

   

  WHEREAS, each of AIG and Corebridge has determined that it is necessary and desirable,
      on or prior to the Separation Time (as defined herein), to allocate and transfer to the applicable Group (as defined below) certain Assets, and to allocate and assign to the applicable Group responsibility for certain Liabilities, in respect of the
      activities of the Corebridge Business (as defined herein) and the AIG Businesses (as defined herein), in each case, to the extent such Assets are not already held by or are not already Liabilities of the relevant Group; and

   

  WHEREAS, the Parties hereto wish to set forth certain agreements that will govern
      certain matters between them following the Completion of the IPO.

   

  NOW, THEREFORE, in consideration of the mutual promises and covenants set forth
      herein, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Parties hereto, intending to be legally bound, hereby agree as follows:

  
     

    
      
 

  

  
  

  Article II

      DEFINITIONS

   

  Section 1.1      Definitions. In this Agreement, the following terms shall have the
      following meanings:

   

  “Action” means any demand, action, claim, dispute, suit, countersuit, arbitration,
      inquiry, subpoena, proceeding or investigation of any nature (whether criminal, civil, legislative, administrative, regulatory, prosecutorial or otherwise) by or before any federal, state, local, foreign or international Governmental Authority or any
      arbitration or mediation tribunal.

   

  “Affiliate” of any Person means another Person that directly or indirectly, through
      one or more intermediaries, controls, is controlled by or is under common control with, such first Person. For the purposes of this definition, “control,” when used with respect to any Person, means the power to direct the management and policies of
      such Person, directly or indirectly through the ownership of voting securities, by contract, or otherwise, and the terms “controlling” and “controlled” have the meanings correlative to the foregoing. It is expressly agreed that, prior to, at and
      after the Separation Time, for purposes of this Agreement and the Ancillary Agreements, (a) no member of the Corebridge Group shall be deemed to be an Affiliate of any member of the AIG Group and (b) no member of the AIG Group shall be deemed to be
      an Affiliate of any member of the Corebridge Group

   

  “Agreement” and “hereof” and “herein” means this Separation Agreement,
      including all amendments, modifications and supplements and all annexes and schedules to any of the foregoing, and shall refer to this Agreement as the same may be in effect at the time such reference becomes operative.

   

  “AIG” has the meaning set forth in the preamble to this Agreement.

   

  “AIG Accounts” has the meaning set forth in Section 2.10(a).

   

  “AIG Assets” has the meaning set forth in Section 2.2(b).

   

  “AIG Auditor” means the independent certified public accountants responsible for
      conducting the audit of AIG’s annual financial statements.

   

  “AIG Board” has the meaning set forth in the preamble to this Agreement.

   

  “AIG Business” means all businesses, operations and activities conducted at any time
      prior to the Separation Time by either Party or any member of its Group, other than the Corebridge Business.

   

  “AIG Director” means a Director specified on Schedule 1.1(a) as an AIG
      Director, designated by AIG pursuant to its designation rights set forth in Section 4.1(e) hereof or otherwise designated in writing by AIG to the Corebridge Board to act in such capacity, and “AIG Directors” has a correlative meaning.
      Any AIG Director may, at the discretion of AIG, be an Independent Director.

  
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  “AIG Executive Officer” means the Chief Executive Officer, Chief Financial Officer,
      Chief Risk Officer or General Counsel of AIG.

   

  “AIG Group” means AIG and each Person that is a Subsidiary of AIG, other than
      Corebridge and any other member of the Corebridge Group.

   

  “AIG Information Technology” means all Information Technology, other than Corebridge
      Information Technology, owned by either Party or any member of its Group as of immediately prior to the Separation Time.

   

  “AIG Intellectual Property Rights” means all Intellectual Property Rights, other than
      Corebridge Intellectual Property Rights, owned by either Party or any member of its Group as of immediately prior to the Separation Time.

   

  “AIG Liabilities” has the meaning set forth in Section 2.3(b).

   

  “AIG Marks” means all Trademarks, other than the Corebridge Marks, owned by either
      Party or any member of its Group as of immediately prior to the Separation Time.

   

  “AIG Trademark License Agreement” means the AIG Trademark License Agreement to be
      entered into by and between AIG and Corebridge in connection with the Separation, the IPO, and the other transactions contemplated by this Agreement, as it may be amended from time to time.

   

  “Ancillary Agreements” means all agreements (other than this Agreement) entered into
      by the Parties or the members of their respective Groups (but as to which no third party is a party) in connection with the Separation, the IPO or the other transactions contemplated by this Agreement, including the Collateralization Agreement, the
      Transition Services Agreement, the Tax Matters Agreement, the Intellectual Property Assignment Agreement, the AIG Trademark License Agreement, the Grantback License Agreement, the Employee Matters Agreement, the Registration Rights Agreement and the
      Transfer Documents.

   

  “Applicable Law” means any domestic or foreign statute, law (including the common
      law), ordinance, rule, regulation, published regulatory policy or guideline, order, judgment, injunction, decree, award or writ of any court, tribunal or other regulatory authority, arbitrator, governmental authority, or other Person having
      jurisdiction, or any consent, exemption, approval or license of any governmental authority that applies in whole or in part to a Party and includes the Exchange Act, the Securities Act, the General Corporation Law of the State of Delaware, the rules
      of the SEC, insurance company laws and all related regulations, guidelines and instructions and the rules of the NYSE and any other exchange or quotation system on which the securities of a Party are listed or traded from time to time.

   

  “Approvals or Notifications” means any consents, waivers, approvals, permits or
      authorizations to be obtained from, notices, registrations or reports to be submitted to, or other filings to be made with, any third Person, including any Governmental Authority.

   

  “Assets” means, with respect to any Person, the assets, properties, claims and rights
      (including goodwill) of such Person, wherever located (including in the possession of vendors or other third Persons or elsewhere), of every kind, character and description, whether real, personal or mixed, tangible, intangible or contingent, in each
      case whether or not recorded or reflected or required to be recorded or reflected on the books and records or financial statements of such Person, including rights and benefits pursuant to any contract, license, permit, indenture, note, bond,
      mortgage, agreement, concession, franchise, instrument, undertaking, commitment, understanding or other arrangement.

  
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  “Bankruptcy Laws” means Title 11 of the United States Code, as amended, and other
      Federal, State or foreign laws principally dealing with the liquidation, reorganization, administration, conservatorship or receivership of insolvent debtors, including provisions of Federal, state and foreign laws and regulation principally dealing
      with the rehabilitation or liquidation of regulated insurance entities.

   

  “Blackstone Agreement” means the Stockholders Agreement by and among Corebridge
      Financial, Inc., American International Group, Inc. and Argon Holdco LLC, dated as of November 2, 2021.

   

  “Blackstone Director” means the “Stockholder Designee,” as such term is defined in the
      Blackstone Agreement.

   

  “Business Day” means any day other than a Saturday, a Sunday or any other day on which
      banking institutions in New York, New York are required or authorized by Applicable Law to be closed.

   

  “Capital Stock” means any and all shares or units of, rights to purchase, warrants or
      options for, or other equivalents of or interests in (however designated) the equity capital of a Person or a security convertible (whether or not such conversion is contingent or conditional) into the equity capital of a Person.

   

  “Cause” means (a) the willful failure of an employee to perform substantially his or
      her duties as an employee of Corebridge or any of its Affiliates after reasonable notice to the employee of such failure; (b) the employee’s willful misconduct that is materially injurious to Corebridge or any of its Affiliates; (c) the employee’s
      having been convicted of, or entered a plea of nolo contendere to, a crime that constitutes a felony (other than a felony involving “limited vicarious liability”); or (d) the willful breach of any written covenant or agreement with Corebridge or any
      of its Affiliates not to disclose any information pertaining to Corebridge or any of its Affiliates or not to compete or interfere with Corebridge or any of its Affiliates. “Limited vicarious liability” shall mean any liability which is (i)
      based on acts of Corebridge for which the employee is responsible solely as a result of his or her office(s) with Corebridge and (ii) provided that (x) he or she was not directly involved in such acts and either had no prior knowledge of such
      intended actions or promptly acted reasonably and in good faith to attempt to prevent the acts causing such liability or (y) he or she did not have a reasonable basis to believe that a law was being violated by such acts. No act or failure to act
      will be considered “willful” unless it is done, or omitted to be done, in bad faith and without reasonable belief that this action or omission was in the best interests of Corebridge.

  
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  “CEO” means the Chief Executive Officer of Corebridge from time to time (or the
      equivalent successor position), as appointed by the Corebridge Board.

   

  “CFO” means the Chief Financial Officer of Corebridge from time to time (or the
      equivalent successor position), as appointed by the Corebridge Board.

   

  “Collateralization Agreement” means the agreement to be entered into by and between
      AIG and Corebridge or any members of their respective Groups in connection with the collateralization of AIG’s guarantee of certain indebtedness of AIG Life Holdings, Inc.

   

  “Common Interest Agreement” means has the meaning set forth in Section 6.8(c).

   

  “Common Stock” means the common stock, par value $0.01 per share, of Corebridge.

   

  “Completion of the IPO” means the occurrence of the settlement of the first sale of
      Common Stock pursuant to the IPO Registration Statement.

   

  “Corebridge” has the meaning set forth in the Preamble.

   

  “Corebridge Accounts” has the meaning set forth in Section 2.10(a).

   

  “Corebridge Assets” has the meaning set forth in Section 2.2(a).

   

  “Corebridge Balance Sheet” means the pro forma condensed balance sheet of the
      Corebridge Business, including any notes thereto, as of [●], 2022, as presented in the IPO Registration Statement.

   

  “Corebridge Board” has the meaning set forth in the preamble to this Agreement.

   

  “Corebridge Books and Records” means all books and records used in or necessary, as of
      the Separation Time, for the general financial and administrative operation of the Corebridge Business, including financial, employee and general business operating documents, instruments, papers, books, books of account, records and files and data
      related thereto; provided, that Corebridge Books and Records shall not include (a) Corebridge Product and Customer Records, and (b) material that AIG is not permitted by Applicable Law or agreement to disclose or transfer to Corebridge.

   

  “Corebridge Business” means the life and retirement business, operations and
      activities, and primarily related investment management business, operations and activities, conducted immediately prior to the Separation Time by either Party or any member of its Group, as reflected on the Corebridge Balance Sheet and described in
      the IPO Registration Statement, it being agreed that the Corebridge Business shall include the business, operations and activities set forth on Schedule 1.1(b), but exclude the business, operations and activities set forth on Schedule
        1.1(c).

   

  “Corebridge Capital Stock” means all classes or series of Capital Stock of Corebridge,
      including the Common Stock, and all options, warrants and other rights to acquire such Capital Stock.

  
    5

    
      
 

  

   

  “Corebridge Contracts” means the following contracts and agreements to which either
      Party or any member of its Group is a party or by which it or any member of its Group or any of their respective Assets is bound, whether or not in writing; provided, that Corebridge Contracts shall not include any contract or agreement that
      shall be retained by AIG or any member of the AIG Group from and after the Separation Time pursuant to any provision of this Agreement or any Ancillary Agreement (other than, with respect to any such contract or agreement (x) pursuant to which the
      Corebridge Business is providing or receiving products or services as of the date hereof and (y) that is subject to (1) services provided pursuant to the Transition Services Agreement and/or (2) Section 2.9 of this Agreement, that portion of
      such contract or agreement that primarily relates to the Corebridge Business):

   

  (a)       (i) any customer contract or agreement entered into prior to the
      Separation Time exclusively related to the Corebridge Business, including the contracts and agreements set forth on Schedule 1.1(d), and (ii) with respect to any customer contract or agreement entered into prior to the Separation Time that
      relates to the Corebridge Business but is not exclusively related to the Corebridge Business, that portion of any such contract or agreement that primarily relates to the Corebridge Business;

   

  (b)      (i) any supply or vendor contract or agreement entered into prior to the
      Separation Time exclusively related to the Corebridge Business, including the contracts and agreements set forth on Schedule 1.1(e), and (ii) with respect to any supply or vendor contract or agreement entered into prior to the Separation Time
      that relates to the Corebridge Business but is not exclusively related to the Corebridge Business, that portion of any such contract or agreement that primarily relates to the Corebridge Business;

   

  (c)      any contract or agreement entered into prior to the Separation Time,
      including the contracts and agreements set forth on Schedule 1.1(f), which grants a third party rights or licenses to Corebridge Intellectual Property Rights (i) that is exclusively related to the Corebridge Business or (ii) if related to the
      Corebridge Business but not exclusively related to the Corebridge Business, that portion of any such contract or agreement that primarily relates to the Corebridge Business;

   

  (d)      any joint venture or partnership contract or agreement that exclusively
      relates to the Corebridge Business as of the Separation Time;

   

  (e)      any guarantee, indemnity, representation, covenant, warranty or other
      liability of either Party or any member of its Group in respect of any other Corebridge Contract, any Corebridge Liability or the Corebridge Business;

   

  (f)       any proprietary information and inventions agreement or similar
      Intellectual Property Rights assignment or license agreement with any current or former Corebridge Group employee, AIG Group employee, consultant of the Corebridge Group or consultant of the AIG Group, in each case entered into prior to the
      Separation Time (i) that is exclusively related to the Corebridge Business or (ii) if related to the Corebridge Business but not exclusively related to the Corebridge Business, that portion of any such assignment or agreement that primarily relates
      to the Corebridge Business;

  
    6

    
      
 

  

   

  (g)      any contract or agreement that is expressly contemplated pursuant to this
      Agreement or any of the Ancillary Agreements to be assigned to, or to be a contract or agreement in the name of, Corebridge or any member of the Corebridge Group;

   

  (h)      any interest rate, currency, commodity or other swap, collar, cap or other
      hedging or similar agreements or arrangements (i) that is exclusively related to the Corebridge Business or (ii) if related to the Corebridge Business but not exclusively related to the Corebridge Business, that portion of such agreements or
      arrangements that primarily relates to the Corebridge Business;

   

  (i)       any contract or agreement entered into in the name of, or expressly on
      behalf of, any division, business unit or member of the Corebridge Group;

   

  (j)       any other contract or agreement exclusively related to the Corebridge
      Business or Corebridge Assets; and

   

  (k)      Corebridge Leases.

   

  “Corebridge Designees” means any and all entities (including corporations, general or
      limited partnerships, trusts, joint ventures, unincorporated organizations, limited liability entities or other entities) designated by AIG that will be members of the Corebridge Group as of immediately prior to the Separation Time.

   

  “Corebridge Financing Arrangements” means the notes and bonds of AIG Life Holdings,
      Inc. due 2025-2029, the junior subordinated debt of AIG Life Holdings, Inc. due 2030-2046, the Three-year Delayed Draw Term Loan Agreement of Corebridge entered into February 25, 2022 and the Revolving Credit Agreement with the lenders party thereto,
      JPMorgan Chase Bank, N.A., as administrative agent, and the several L/C Agents party thereto entered into May 12, 2022 and, to the extent of any remaining Liabilities thereunder as of the Separation Time, the Loan Agreement, dated December 5, 2014
      among AIG and AIG Life Holdings, Inc. and each other Borrower named on Schedule 1 thereto, the Loan Agreement, dated April 1, 2015 between AIG and AIG Life Holdings, Inc. and the Loan Agreement, dated August 14, 2018 between AIG and AIG Life Limited.

   

  “Corebridge Group” means (a) Corebridge, (b) each Subsidiary of Corebridge immediately
      after the Separation Time, including the Transferred Entities, and (c) each other Person that is controlled directly or indirectly by Corebridge immediately after the Separation Time.

   

  “Corebridge Information Technology” means (a) all Information Technology owned by
      either Party or any member of its Group that is exclusively used or exclusively held for use in the Corebridge Business as of immediately prior to the Separation Time, and (b) the Information Technology set forth on Schedule 1.1(g); provided,
      however, that Corebridge Information Technology shall not include the Information Technology set forth on Schedule 1.1(h) or any Software licensed from a third party.

   

  “Corebridge Intellectual Property Rights” means (a) the Corebridge Registered IP, (b)
      the Corebridge Marks (to the extent not included in clause (a) above), and (c) all Intellectual Property Rights (other Patents, Trademarks and other Registered IP) of either Party or any of the members of its Group, in each case, that is embodied in
      the Corebridge Technology or exclusively used or exclusively held for use in the Corebridge Business.

  
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  “Corebridge Leases” has the meaning set forth in the definition of Corebridge Real
      Property.

   

  “Corebridge Liabilities” has the meaning set forth in Section 2.3(a).

   

  “Corebridge Marks” means the names, Trademarks, monograms, domain names and other
      source or business identifiers of either Party or any member of its Group that (a) are transferred to Corebridge pursuant to the Intellectual Property Assignment Agreement, (b) are exclusively used or exclusively held for use in the Corebridge
      Business, or (c) use or contain “Corebridge” (including any stylized versions or design elements thereof) or otherwise identify Corebridge as a whole, either alone or in combination with other words or elements, and all names, Trademarks, monograms,
      domain names and other source or business identifiers confusingly similar to or embodying any of the foregoing, either alone or in combination with other words or elements.

   

  “Corebridge Permits” means all Permits owned or licensed by either Party or any member
      of its Group primarily used or primarily held for use in the Corebridge Business as of immediately prior to the Separation Time.

   

  “Corebridge Product” means products and services supplied, sold, provided or
      distributed, as the case may be, at any time, by Corebridge or members of its Group under a Corebridge Mark.

   

  “Corebridge Product and Customer Records” means all books and records related to or
      used by Corebridge as of the Separation Time in connection with the sourcing, marketing, sale, distribution, maintenance and warranty of Corebridge Products, including vendor and supplier information and records, customer lists, sales records,
      customer registration and account information, actuarial and underwriting information, billing information, marketing materials, customer contracts, terms of use and privacy policies, sales literature catalogs, brochures, sales, warranty and other
      product information and materials, and Web Site content.

   

  “Corebridge Real Property” means (a) all of the Real Property owned by either Party or
      member of its Group as of immediately prior to the Separation Time listed or described on Schedule 1.1(i), (b) the Real Property Leases to which either Party or member of its Group is party as of immediately prior to the Separation Time set
      forth on Schedule 1.1(j) (“Corebridge Leases”) and (c) all recorded Real Property notices, easements, and obligations with respect to the Real Property and/or Real Property leases described in the foregoing clauses (a) and (b).

   

  “Corebridge Records” has the meaning set forth in Section 2.2(a)(vi).

   

  “Corebridge Registered IP” means all of: (a) the Registered IP set forth on Schedule
      1.1(k), (b) the Registered IP owned by either Party or member of its Group that is exclusively used or exclusively held for use in the Corebridge Business and (c) the Registered IP transferred to Corebridge pursuant to the IP Assignment Agreement.

  
    8

    
      
 

  

   

  “Corebridge Slate” means the candidates for election as Director proposed or
      recommended by the Corebridge Board to Corebridge’s stockholders in connection with a meeting of stockholders.

   

  “Corebridge Tangible Personal Property” has the meaning set forth in Section
        2.2(a)(xiii).

   

  “Corebridge Technology” means any Technology with respect to which the Intellectual
      Property Rights therein are owned by either Party or any member of its Group to the extent that such Technology is used in or necessary to the operation of the Corebridge Business as of immediately prior to the Separation Time (for example,
      Software), including Technology set forth on Schedule 1.1(l); provided, that Corebridge Technology shall not include (a) any Information Technology, (b) any Tangible Personal Property, (c) any Corebridge Books and Records, and (d) any
      Corebridge Product and Customer Records.

   

  “Critical Policy” has the meaning set forth in Section 8.2(a).

   

  “CRO” means the Chief Risk Officer of Corebridge from time to time (or the equivalent
      successor position), as appointed by the Corebridge Board.

   

  “Debt Exchange Offer” means the registered exchange offer for the senior notes due
      2025, 2027, 2029, 2032, 2042 and 2052 pursuant to the registration rights agreement, dated April 5, 2022, by and among Corebridge Financial, Inc. and Citigroup Global Markets Inc, JP Morgan Securities LLC, BofA Securities, Inc., Goldman Sachs &
      Co, LLC and Morgan Stanley & Co, LLC.

   

  “Delaware Courts” means the U.S. federal and Delaware State courts located in the City
      of Wilmington in the State of Delaware.

   

  “Delayed AIG Asset” has the meaning set forth in Section 2.5(h).

   

  “Delayed AIG Liability” has the meaning set forth in Section 2.5(h).

   

  “Delayed Corebridge Asset” has the meaning set forth in Section 2.5(c).

   

  “Delayed Corebridge Liability” has the meaning set forth in Section 2.5(c).

   

  “Director” means a member of the Corebridge Board and “Directors” has a
      correlative meaning.

   

  “Disclosure Controls and Procedures” means controls and other procedures designed to
      ensure that information required to be disclosed by Corebridge and AIG under Applicable Law is recorded, processed, summarized and reported within applicable time periods, including controls and procedures designed to ensure that such information is
      accumulated and communicated to Corebridge’s management, including the CEO and CFO, and to AIG, as appropriate to allow timely decisions regarding required disclosure.

   

  “Dispute” has the meaning set forth in Section 10.1(a) hereof.

  
    9

    
      
 

  

   

  “Dispute Resolution Process” has the meaning set forth in Section 10.3(a)
      hereof.

   

  “Employee Matters Agreement” means the Employee Matters Agreement to be entered into
      by and between AIG and Corebridge in connection with the Separation, the IPO, and the other transactions contemplated by this Agreement, as it may be amended from time to time.

   

  “Equity Awards” means a grant to a Director, employee or financial professional of
      Corebridge or one of its Subsidiaries of vested or unvested shares of Common Stock or restricted Common Stock, options to acquire shares of Common Stock, restricted stock units, “phantom” stock units or similar interests in Corebridge’s common
      equity, in each case pursuant to an equity compensation plan approved by the Corebridge Board.

   

  “Exchange Act” means the United States Securities Exchange Act of 1934, as amended,
      and the rules and regulations promulgated thereunder.

   

  “Executive Officer” means the CEO, CFO and all other Persons qualifying as “officers”
      of Corebridge for purposes of Rule 16a-1(f) under the Exchange Act.

   

  “First Threshold Date” means the date on which AIG ceases to beneficially own at least
      25% of the outstanding Common Stock.

   

  “Force Majeure” shall mean, with respect to a Party, an event beyond the reasonable
      control of such Party (or any Person acting on its behalf), which event (a) does not arise or result from the fault or negligence of such Party (or any Person acting on its behalf) and (b) by its nature would not reasonably have been foreseen by such
      Party (or such Person), or, if it would reasonably have been foreseen, was unavoidable, and includes acts of God, acts of civil or military authority, embargoes, acts of terrorism, cyberattacks, epidemics, pandemics or diseases (including Covid-19)
      or other health crises or public health events, or any worsening of any of the foregoing, quarantine or government health alert that prohibits or restricts travel or prevents any individual from reporting to a work location, war, riots,
      insurrections, fires, explosions, earthquakes, floods, unusually severe weather conditions, labor problems or unavailability of parts, or, in the case of computer systems, any significant and prolonged failure in electrical or air conditioning
      equipment. Notwithstanding the foregoing, the receipt by a Party of an unsolicited takeover offer or other acquisition proposal, even if unforeseen or unavoidable, and such Party’s response thereto, shall not be deemed an event of Force Majeure.

   

  “Fourth Threshold Date” means the date on which AIG ceases to beneficially own at
      least 5% of the outstanding Common Stock.

   

  “GAAP” means generally accepted accounting principles in the United States, as in
      effect from time to time.

   

  “Governmental Authority” means any federal, state, local, domestic or foreign agency,
      court, tribunal, administrative body, arbitration panel, department or other legislative, judicial, governmental, quasi-governmental entity or self-regulatory organization.

  
    10

    
      
 

  

   

  “Grantback License Agreement” means the Grantback License Agreement to be entered into
      by and between AIG and Corebridge in connection with the Separation, the IPO, and the other transactions contemplated by this Agreement, as it may be amended from time to time.

   

  “Group” means either the AIG Group or the Corebridge Group, as the context requires.

   

  “Independent Director” means a Director who is both (i) a NYSE Independent Director
      and (ii) “independent” for purposes of Rule 10A-3(b)(1) under the Exchange Act.

   

  “Information Party” has the meaning set forth in Section 6.8(c) hereof.

   

  “Information Technology” means all computer systems (including hardware, computers,
      servers, workstations, routers, hubs, switches, and data communication lines), network and telecommunications equipment, Internet-related information technology infrastructure, and other information technology equipment, and all associated
      documentation.

   

  “Intellectual Property Assignment Agreement” means the Intellectual Property
      Assignment Agreement to be entered into by and between AIG and Corebridge in connection with the Separation, the IPO, and the other transactions contemplated by this Agreement, as it may be amended from time to time.

   

  “Insurance Proceeds” means those monies:

   

  (a)       received by an insured from an insurance carrier; or

   

  (b)      paid by an insurance carrier on behalf of the insured;

   

  in any such case net of any applicable premium adjustments (including reserves and retrospectively rated premium
      adjustments) and net of any costs or expenses incurred in the collection thereof.

   

  “Intellectual Property Rights” means any and all common law and statutory rights
      anywhere in the world arising under or associated with the following: (a) patents, patent applications, utility models, statutory invention registrations, certificates of invention, registered designs, utility models and similar or equivalent rights
      in inventions and designs, and all rights therein provided by international treaties or conventions (“Patents”); (b) trademarks, service marks, trade names, service names, trade dress, logos and other designations of origin, including any
      registrations and applications for registration of any of the foregoing (“Trademarks”); (c) rights associated with Internet domain names, uniform resource locators, Internet Protocol addresses, social media accounts or “handles” with Facebook,
      LinkedIn, Twitter and similar social media platforms, handles, and other names, identifiers, and locators associated with Internet addresses, sites, and services (“Internet Properties”); (d) copyrights and any other equivalent rights in works
      of authorship (including rights in software or databases as a work of authorship) and any other related rights of authors, and all registrations and applications for registration of any of the foregoing, (“Copyrights”); (e) trade secrets and
      industrial secret rights and rights in know-how, inventions, data, and any other confidential or proprietary business or technical information, that derive independent economic value, whether actual or potential, from not being known to other persons
      and (f) all other similar or equivalent intellectual property or proprietary rights anywhere in the world.

  
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  “Internal Control Over Financial Reporting” means a process designed by, or under the
      supervision of, the CEO and CFO and effected by the Corebridge Board, Company management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external
      purposes in accordance with generally accepted accounting principles and includes those policies and procedures that (a) pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions
      of the Assets of Corebridge, (b) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of
      Corebridge are being made only in accordance with authorizations of management of Corebridge and the Corebridge Board and (c) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of
      Corebridge’s Assets that could have a material effect on its financial statements.

   

  “IPO Registration Statement” means the Registration Statement on Form S-1, as amended,
      relating to the initial public offering of the Common Stock.

   

  “Liabilities” means any and all debts, guarantees, assurances, commitments,
      liabilities, responsibilities, losses, remediation, deficiencies, damages, fines, penalties, settlements, sanctions, costs, expenses, interest and obligations of any nature or kind, whether accrued or fixed, absolute or contingent, matured or
      unmatured, accrued or not accrued, asserted or unasserted, liquidated or unliquidated, foreseen or unforeseen, known or unknown, reserved or unreserved, or determined or determinable, including those arising under any Applicable Law, claim (including
      any Third-Party Claim), demand, Action, or order, writ, judgment, injunction, decree, stipulation, determination or award entered by or with any Governmental Authority or arbitration tribunal, and those arising under any contract, agreement,
      obligation, indenture, instrument, lease, promise, arrangement, release, warranty, commitment or undertaking, or any fines, damages or equitable relief that is imposed, in each case, including all costs and expenses relating thereto.

   

  “Majority Holder Date” means the first date on which AIG ceases to beneficially own
      more than 50% of the outstanding Common Stock.

   

  “Notice of Dispute” has the meaning set forth in Section 10.1(b).

   

  “NYSE Independent Director” means a Director who is “independent” within the meaning
      of that term used in Rule 303A.02 of the NYSE Manual, taking into account the additional factors specified in Rule 303A.02(a)(ii) for compensation committee members.

   

  “NYSE Manual” means the Listed Company Manual of the New York Stock Exchange, as
      amended.

   

  “Party” and “Parties” have the respective meanings set forth in the preamble to
      this Agreement.

  
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  “Permits” means permits, approvals, authorizations, consents, licenses or certificates
      issued by any Governmental Authority.

   

  “Person” means any individual, corporation, partnership, joint venture, limited
      liability company, association or other business entity and any trust, unincorporated organization or government or any agency or political subdivision thereof.

   

  “Policies” means insurance policies and insurance contracts of any kind, including but
      not limited to global property and related terrorism, excess and umbrella liability, domestic and foreign commercial general liability, local foreign placements, directors and officers liability, fiduciary liability, cyber liability, professional
      liability, errors and omissions liability, employment practices liability, domestic and foreign automobile liability, workers’ compensation and employers’ liability, employee dishonesty/crime/fidelity, special contingency (K&R), bonds and
      self-insurance, together with the rights, benefits, privileges and obligations thereunder.

   

  “Prospectus” means each preliminary, final or supplemental prospectus forming a part
      of the IPO Registration Statement.

   

  “Qualified Compensation Director” means a Director who is a “Non-Employee Director” as
      defined in Rule 16b-3(b)(3)(i) under the Exchange Act.

   

  “Real Property” means land together with all easements, rights and interests arising
      out of the ownership thereof or appurtenant thereto and all buildings, structures, improvements and fixtures located thereon.

   

  “Real Property Leases” means all leases to Real Property and, to the extent covered by
      such leases, any and all buildings, structures, improvements and fixtures located thereon.

   

  “Registered IP” means any United States, international or foreign (a) Patents and
      Patent applications; (b) registered Trademarks and applications to register Trademarks; (c) registered Copyrights and applications for Copyright registration; and (d) registered Internet Properties.

   

  “Registration Rights Agreement” means the Registration Rights Agreement to be entered
      into by and between AIG and Corebridge in connection with the Separation, the IPO, and the other transactions contemplated by this Agreement, as it may be amended from time to time.

   

  “Regulation S-K” means Regulation S-K, as amended, under the Securities Act.

   

  “Representative” has the meaning set forth in Section 8.3(c).

   

  “SEC” means the United States Securities and Exchange Commission.

   

  “Second Threshold Date” means the date on which AIG ceases to beneficially own at
      least 20% of the outstanding Common Stock.

   

  “Securities Act” means the United States Securities Act of 1933, as amended, and the
      rules and regulations promulgated thereunder.

  
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  “Security Interest” means any mortgage, security interest, pledge, lien, charge,
      claim, option, right to acquire, voting or other restriction, right-of-way, covenant, condition, easement, encroachment, restriction on transfer or other encumbrance of any nature whatsoever.

   

  “Selling Expenses” means all underwriting discounts, selling commissions and transfer
      taxes applicable to the sale of shares of Common Stock in the IPO hereunder.

   

  “Separation” has the meaning set forth in the Recitals.

   

  “Separation Date” has the meaning set forth in Section 2.4.

   

  “Separation Time” means 12:01 a.m. Eastern Time on the Separation Date.

   

  “Shared Contract” has the meaning set forth in Section 2.9(a).

   

  “Sign Off Procedures” means the accounting and financial sign-off procedure for
      quarterly and full year financial closing communicated to Corebridge from time to time.

   

  “Software” means any and all (a) computer programs, including any and all software
      implementation of algorithms, models and methodologies, whether in source code, object code, human readable form or other form, (b) databases and compilations, including any and all data and collections of data, whether machine readable or otherwise,
      (c) descriptions, flow charts and other work products used to design, plan, organize and develop any of the foregoing, (d) screens, user interfaces, report formats, firmware, development tools, templates, menus, buttons and icons, and (e)
      documentation, including user manuals and other training documentation, relating to any of the foregoing.

   

  “Subsidiary” of a Party means any corporation, partnership, joint venture, limited
      liability company, association or other entity of which such Party has the ownership, directly or indirectly, of more than fifty percent (50%) of the voting securities or similar ownership interests, including any securities or similar ownership
      interests which are voting only upon the occurrence of a contingency where such contingency has occurred and is continuing. For purposes of this Agreement, (a) the term “Subsidiary” shall not include consolidated investment entities and (b)
      Corebridge and its Subsidiaries shall not be deemed to be Subsidiaries of AIG.

   

  “Tangible Information” means information that is contained in written, electronic or
      other tangible forms.

   

  “Tangible Personal Property” means equipment, hardware, furniture, fixtures, motor
      vehicles and other transportation equipment, and other tangible personal property, it being understood that Tangible Personal Property shall not include (a) any Information Technology and (b) any Technology.

   

  “Tax” has the meaning set forth in the Tax Matters Agreement.

   

  “Tax Matters Agreement” means the Tax Matters Agreement to be entered into by and
      between AIG and Corebridge in connection with the Separation, the IPO, and the other transactions contemplated by this Agreement, as it may be amended from time to time.

  
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  “Technology” means embodiments, regardless of form, of Intellectual Property Rights,
      including, as the context requires, blueprints, designs, design protocols, documentation, specifications for materials, specifications for parts and devices, and design tools, materials, manuals, data, databases, Software and know-how or knowledge of
      employees, relating to, embodying, or describing products, articles, apparatus, devices, processes, methods, formulae, recipes or other technical information; provided, that Technology specifically excludes (a) any and all Intellectual Property
      Rights, (b) Tangible Personal Property, (c) books and records, (d) sales and customer records and (e) customer data.

   

  “Third Threshold Date” means the date on which AIG ceases to beneficially own at least
      10% of the outstanding Common Stock.

   

  “Transfer Documents” has the meaning set forth in Section 2.1(b).

   

  “Transferred Entities” means the entities set forth on Schedule 1.1(m).

   

  “Transition Services Agreement” means the Transition Services Agreement to be entered
      into by and between AIG and Corebridge or any members of their respective Groups in connection with the Separation, the IPO or the other transactions contemplated by this Agreement, as it may be amended from time to time.

   

  “Underwriters” means the managing underwriters for the IPO.

   

  “Underwriting Agreement” means the underwriting agreement to be entered into among
      AIG, Corebridge and the Underwriters as representatives of the several underwriters named therein with respect to the IPO.

   

  “Unreleased AIG Liability” has the meaning set forth in Section 2.6(b)(ii).

   

  “Unreleased Corebridge Liability” has the meaning set forth in Section 2.6(a)(ii).

   

  “Wholly Owned Subsidiary” means a Subsidiary, 100% of the Capital Stock of which is
      owned, directly or indirectly, by a Party.

   

  Section 1.2       Timing of Provisions. In this Agreement, any provision which
      applies “until” a specified date shall apply on such specified date, and shall cease to apply on the date immediately following such specified date.

  
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  Article III

      THE SEPARATION

   

  Section 2.1         Transfers of Assets and Assumption of Liabilities.

   

  (a)         At or prior to the Separation Time, but in any case prior to the Completion of the
      IPO, solely with respect to (x) any Corebridge Assets that are not already owned by members of the Corebridge Group or Corebridge Liabilities that are not already liabilities of members of the Corebridge Group and (y) any AIG Assets that are not
      already owned by members of the AIG Group or AIG Liabilities that are not already liabilities of members of the AIG Group, and excluding Shared Contracts to the extent governed by Section 2.9:

   

  (i)       Transfer and Assignment of Corebridge Assets. AIG shall, and shall
      cause the applicable members of its Group to, contribute, assign, transfer, convey and deliver to Corebridge, or the applicable Corebridge Designees, and Corebridge or such Corebridge Designees shall accept from AIG and the applicable members of the
      AIG Group, all of AIG’s and such AIG Group member’s respective direct or indirect right, title and interest in and to all of the Corebridge Assets (it being understood that if any Corebridge Asset shall be held by a Transferred Entity or a wholly
      owned Subsidiary of a Transferred Entity, such Corebridge Asset may be assigned, transferred, conveyed and delivered to Corebridge as a result of the transfer of all of the equity interests in such Transferred Entity from AIG or the applicable
      members of the AIG Group to Corebridge or the applicable Corebridge Designee);

   

  (ii)       Acceptance and Assumption of Corebridge Liabilities. Corebridge and
      the applicable Corebridge Designees shall accept, assume and agree faithfully to perform, discharge and fulfill all the Corebridge Liabilities in accordance with their respective terms (it being understood that if any Corebridge Liability is a
      liability of a Transferred Entity or a wholly owned Subsidiary of a Transferred Entity, such Corebridge Liability may be assumed by Corebridge as a result of the transfer of all of the equity interests in such Transferred Entity from AIG or the
      applicable members of the AIG Group to Corebridge or the applicable Corebridge Designee). Corebridge and such Corebridge Designees shall be responsible for all Corebridge Liabilities, regardless of when or where such Corebridge Liabilities arose or
      arise, or whether the facts on which they are based occurred prior to or subsequent to the Separation Time, regardless of where or against whom such Corebridge Liabilities are asserted or determined (including any Corebridge Liabilities arising out
      of claims made by AIG’s or Corebridge’s respective directors, officers, employees, agents, Subsidiaries or Affiliates against any member of the AIG Group or the Corebridge Group) or whether asserted or determined prior to the date hereof, and
      regardless of whether arising from or alleged to arise from negligence, recklessness, violation of Applicable Law, fraud or misrepresentation by any member of the AIG Group or the Corebridge Group, or any of their respective directors, officers,
      employees, agents, Subsidiaries or Affiliates;

   

  (iii)       Transfer and Assignment of AIG Assets. AIG and Corebridge shall
      cause Corebridge and the Corebridge Designees to contribute, assign, transfer, convey and deliver to AIG or certain members of the AIG Group designated by AIG, and AIG or such other members of the AIG Group shall accept from Corebridge and the
      Corebridge Designees, all of Corebridge’s and such Corebridge Designees’ respective direct or indirect right, title and interest in and to all AIG Assets held by Corebridge or a Corebridge Designee; and

   

  (iv)       Acceptance and Assumption of AIG Liabilities. AIG and certain of
      members of the AIG Group designated by AIG shall accept and assume and agree faithfully to perform, discharge and fulfill all of the AIG Liabilities of Corebridge or any Corebridge Designee and AIG and the applicable members of the AIG Group shall be
      responsible for all AIG Liabilities in accordance with their respective terms, regardless of when or where such AIG Liabilities arose or arise, whether the facts on which they are based occurred prior to or subsequent to the Separation Time, where or
      against whom such AIG Liabilities are asserted or determined (including any such AIG Liabilities arising out of claims made by AIG’s or Corebridge’s respective directors, officers, employees, agents, Subsidiaries or Affiliates against any member of
      the AIG Group or the Corebridge Group) or whether asserted or determined prior to the date hereof, and regardless of whether arising from or alleged to arise from negligence, recklessness, violation of Applicable Law, fraud or misrepresentation by
      any member of the AIG Group or the Corebridge Group, or any of their respective directors, officers, employees, agents, Subsidiaries or Affiliates.

  
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  (b)         Transfer Documents. In furtherance of any contribution, assignment,
      transfer, conveyance and delivery of the Assets and the assumption of the Liabilities in accordance with Section 2.1(a), (i) each Party shall execute and deliver, and shall cause the applicable members of its Group to execute and deliver, to
      the other Party, such bills of sale, quitclaim deeds, stock powers, certificates of title, assignments of contracts and other instruments of transfer, conveyance and assignment as and to the extent necessary to evidence any transfer, conveyance and
      assignment of all of such Party’s and the applicable members of its Group’s right, title and interest in and to such Assets to the other Party and the applicable members of its Group in accordance with Section 2.1(a), and (ii) each Party
      shall execute and deliver, and shall cause the applicable members of its Group to execute and deliver, to the other Party, such assumptions of contracts and other instruments of assumption as and to the extent necessary to evidence the valid and
      effective assumption of the Liabilities by such Party and the applicable members of its Group in accordance with Section 2.1(a). All of the foregoing documents contemplated by this Section 2.1(b) shall be referred to collectively
      herein as the “Transfer Documents.” The Transfer Documents shall effect certain of the transactions contemplated by this Agreement and, notwithstanding anything in this Agreement to the contrary, shall not expand or limit any of the
      obligations, covenants or agreements in this Agreement. It is expressly agreed that in the event of any conflict between the terms of the Transfer Documents and the terms of this Agreement, the terms of this Agreement shall control.

   

  (c)         Misallocations. In the event that at any time or from time to time (whether
      prior to, at or after the Separation Time), one Party (or any member of such Party’s Group) shall receive or otherwise possess any Asset that is allocated to the other Party (or any member of such Party’s Group) pursuant to this Agreement or any
      Ancillary Agreement, such Party shall promptly transfer, or cause to be transferred, such Asset to the Party so entitled thereto (or to any member of such Party’s Group), and such Party (or member of such Party’s Group) shall accept such Asset. Prior
      to any such transfer, the Person receiving or possessing such Asset shall hold such Asset in trust for such other Person. In the event that at any time or from time to time (whether prior to, at or after the Separation Time), one Party hereto (or any
      member of such Party’s Group) shall be liable for any Liability that is allocated to the other Party (or any member of such Party’s Group) pursuant to this Agreement or any Ancillary Agreement, such other Party shall promptly assume, or cause to be
      assumed, such Liability and agree to faithfully perform such Liability.

  
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  (d)         Waiver of Bulk-Sale and Bulk-Transfer Laws. Corebridge hereby waives
      compliance by each and every member of the AIG Group with the requirements and provisions of any “bulk-sale” or “bulk-transfer” laws of any jurisdiction that may otherwise be applicable with respect to the transfer or sale of any or all of the
      Corebridge Assets to any member of the Corebridge Group. AIG hereby waives compliance by each and every member of the Corebridge Group with the requirements and provisions of any “bulk-sale” or “bulk-transfer” laws of any jurisdiction that may
      otherwise be applicable with respect to the transfer or sale of any or all of the AIG Assets to any member of the AIG Group.

   

  (e)          Intellectual Property Rights.

   

  (i)       If and to the extent that, as a matter of Applicable Law in any
      jurisdiction, AIG or the applicable members of its Group cannot assign, transfer or convey any of AIG’s or such AIG Group members’ respective direct or indirect right, title and interest in and to any Technology or Intellectual Property Rights
      included in the Corebridge Assets, then, to the extent possible, and subject to the terms of the Intellectual Property Assignment Agreement, the AIG Trademark License Agreement and the Grantback License Agreement, AIG shall, and shall cause the
      applicable members of its Group to, irrevocably grant to Corebridge, or the applicable Corebridge Designees, an exclusive, irrevocable, assignable, transferable, sublicenseable, worldwide, perpetual, royalty-free license to use, exploit and
      commercialize in any manner now known or in the future discovered and for whatever purpose, any such right, title or interest.

   

  (ii)       If and to the extent that, as a matter of Applicable Law in any
      jurisdiction, Corebridge or the applicable members of its Group cannot assign, transfer or convey any of Corebridge’s or such Corebridge Group members’ respective direct or indirect right, title and interest in and to any Technology or Intellectual
      Property Rights included in the AIG Assets, then, to the extent possible, and subject to the terms of the Intellectual Property Assignment Agreement, the AIG Trademark License Agreement and the Grantback License Agreement, Corebridge shall, and shall
      cause the applicable members of its Group to, irrevocably grant to AIG, or its designee, an exclusive, irrevocable, assignable, transferable, sublicenseable, worldwide, perpetual, royalty-free license to use, exploit and commercialize in any manner
      now known or in the future discovered and for whatever purpose, any such right, title or interest.

   

  Section 2.2           Corebridge Assets; AIG Assets.

   

  (a)          Corebridge Assets. For the purposes of this Agreement, “Corebridge
        Assets” shall mean, without duplication, those Assets which are used primarily in or are primarily related to the operation or conduct of the Corebridge Business including the following:

   

  (i)       all issued and outstanding Capital Stock or other equity interests of the
      Transferred Entities that are owned by either Party or any members of its Group as of immediately prior to the Separation Time;

   

  (ii)       except as otherwise set forth in this Section 2.2(a), all Assets
      of either Party or any members of its Group included or reflected as Assets of the Corebridge Group on the Corebridge Balance Sheet, subject to any dispositions of such Assets subsequent to the date of the Corebridge Balance Sheet; provided,
      that the amounts set forth on the Corebridge Balance Sheet with respect to any Assets shall not be treated as minimum amounts or limitations on the amount of such Assets that are included in the definition of Corebridge Assets pursuant to this clause
      (ii);

  
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  (iii)       except as otherwise set forth in this Section 2.2(a), all Assets
      of either Party or any of the members of its Group as of immediately prior to the Separation Time that are of a nature or type that would have resulted in such Assets being included as Assets of Corebridge or members of the Corebridge Group on a pro
      forma combined balance sheet of the Corebridge Group or any notes or subledgers thereto as of immediately prior to the Separation Time (were such balance sheet, notes and subledgers to be prepared on a basis consistent with the determination of the
      Assets included on the Corebridge Balance Sheet), it being understood that (A) the Corebridge Balance Sheet shall be used to determine the types of, and methodologies used to determine, those Assets that are included in the definition of Corebridge
      Assets pursuant to this clause (iii) and (B) the amounts set forth on the Corebridge Balance Sheet with respect to any Assets shall not be treated as minimum amounts or limitations on the amount of such Assets that are included in the definition of
      Corebridge Assets pursuant to this clause (iii);

   

  (iv)       all Assets of either Party or any of the members of its Group as of
      immediately prior to the Separation Time that are expressly provided by any provision of this Agreement or any Ancillary Agreement as Assets to be transferred to or owned by Corebridge or any other member of the Corebridge Group;

   

  (v)       all Corebridge Contracts as of immediately prior to the Separation Time and
      all rights, interests or claims of either Party or any of the members of its Group thereunder as of immediately prior to the Separation Time;

   

  (vi)       copies of any and all (x) Corebridge Books and Records and (y) Corebridge
      Product and Customer Records, in each case, in the possession of either Party as of immediately prior to the Separation Time (collectively, “Corebridge Records”); provided, that AIG shall be permitted to retain copies of, and continue
      to use, (A) any Corebridge Records that as of the Separation Date are used in or necessary for the operation or conduct of the AIG Business, (B) any Corebridge Records that AIG is required by Applicable Law to retain (and if copies are not provided
      to Corebridge, then, to the extent permitted by Applicable Law, such copies will be made available to Corebridge upon Corebridge’s reasonable request), (C) one (1) copy of any Corebridge Records to the extent required to demonstrate compliance with
      Applicable Law or pursuant to internal compliance procedures or related to any AIG Assets or AIG’s and/or its Affiliates’ obligations under this Agreement or any of the Ancillary Agreements and (D) “back-up” electronic tapes of such Corebridge
      Records maintained by AIG in the ordinary course of business (such material in clauses (A) through (D), the “AIG Records”), and such copies of the AIG Records shall be considered AIG Assets;

   

  (vii)       subject to the terms of the Intellectual Property Assignment Agreement,
      the AIG Trademark License Agreement and the Grantback License Agreement, all Corebridge Intellectual Property Rights as of immediately prior to the Separation Time, including any goodwill appurtenant to any Trademarks included in the Corebridge
      Intellectual Property Rights and the right to seek, recover and retain damages for infringement of any Corebridge Intellectual Property Rights following the Separation Time;

  
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  (viii)     without limiting clause (vii) above, the Corebridge Marks, and all
      goodwill of the Corebridge Business appurtenant thereto;

   

  (ix)       all Corebridge Technology as of immediately prior to the Separation Time;

   

  (x)        all Corebridge Information Technology as of immediately prior to the
      Separation Time;

   

  (xi)       all Corebridge Permits as of immediately prior to the Separation Time and
      all rights, interests or claims of either Party or any of the members of its Group thereunder as of immediately prior to the Separation Time;

   

  (xii)      all Corebridge Real Property as of immediately prior to the Separation
      Time;

   

  (xiii)     all Tangible Personal Property of either Party or any of the members of
      its Group as of immediately prior to the Separation Time that is primarily used in or held for use in the Corebridge Business as of immediately prior to the Separation Time, including the Tangible Personal Property listed in Schedule 2.2(a)(xiii)
      (collectively, the “Corebridge Tangible Personal Property”); and

   

  (xiv)     any and all Assets set forth on Schedule 2.2(a)(xiv).

   

  Notwithstanding the foregoing, the Corebridge Assets shall not in any event include any Asset referred to in
      clauses (i) through (xi) of Section 2.2(b) or any Assets set forth in Schedule 2.2(a)(xv).

   

  (b)       AIG Assets. For the purposes of this Agreement, “AIG Assets” shall mean
      all Assets of either Party or the members of its Group as of immediately prior to the Separation Time, other than the Corebridge Assets. Notwithstanding anything herein to the contrary, the AIG Assets shall include:

   

  (i)         all Assets that are expressly contemplated by this Agreement or any
      Ancillary Agreement (or the Schedules hereto or thereto) as Assets to be retained by AIG or any other member of the AIG Group;

   

  (ii)       all contracts and agreements of either Party or any of the members of its
      Group as of immediately prior to the Separation Time (other than the Corebridge Contracts);

   

  (iii)      all AIG Records;

  
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  (iv)      subject to the terms of the Intellectual Property Assignment Agreement, the
      AIG Trademark License Agreement and the Grantback License Agreement, all AIG Intellectual Property Rights and all rights, interests or claims of either Party or any of the members of its Group thereunder as of immediately prior to the Separation
      Time;

   

  (v)       all AIG Information Technology;

   

  (vi)      all Permits of either Party or any of the members of its Group as of
      immediately prior to the Separation Time (other than the Corebridge Permits) and all rights, interests or claims of either Party or any of the members of its Group thereunder as of immediately prior to the Separation Time;

   

  (vii)     all Real Property of either Party or any of the members of its Group as of
      immediately prior to the Separation Time (other than the Corebridge Real Property);

   

  (viii)    all cash and cash equivalents of either Party or any of the members of its
      Group as of immediately prior to the Separation Time (other than cash and cash equivalents of Corebridge or any other member of the Corebridge Group as of immediately prior to the Separation Time, except for any cash or cash equivalents withdrawn
      from Corebridge Accounts in accordance with Section 2.10(d)); and

   

  (ix)       any and all Assets set forth on Schedule 2.2(b)(x).

   

  Section 2.3           Corebridge Liabilities; AIG Liabilities.

   

  (a)         Corebridge Liabilities. For the purposes of this Agreement, “Corebridge
        Liabilities” shall mean the following Liabilities of either Party or any of the members of its Group:

   

  (i)        all Liabilities included or reflected as liabilities or obligations of
      Corebridge or the members of the Corebridge Group on the Corebridge Balance Sheet, subject to any discharge of such Liabilities subsequent to the date of the Corebridge Balance Sheet; provided, that the amounts set forth on the Corebridge
      Balance Sheet with respect to any Liabilities shall not be treated as minimum amounts or limitations on the amount of such Liabilities that are included in the definition of Corebridge Liabilities pursuant to this clause (i);

   

  (ii)       all Liabilities as of immediately prior to the Separation Time that are of
      a nature or type that would have resulted in such Liabilities being included or reflected as liabilities or obligations of Corebridge or the members of the Corebridge Group on a pro forma combined balance sheet of the Corebridge Group or any notes or
      subledgers thereto as of immediately prior to the Separation Time (were such balance sheet, notes and subledgers to be prepared on a basis consistent with the determination of the Liabilities included on the Corebridge Balance Sheet), it being
      understood that (A) the Corebridge Balance Sheet shall be used to determine the types of, and methodologies used to determine, those Liabilities that are included in the definition of Corebridge Liabilities pursuant to this clause (ii) and (B) the
      amounts set forth on the Corebridge Balance Sheet with respect to any Liabilities shall not be treated as minimum amounts or limitations on the amount of such Liabilities that are included in the definition of Corebridge Liabilities pursuant to this
      clause (ii);

  
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  (iii)       any and all Liabilities that are expressly provided by this Agreement or
      any Ancillary Agreement (or the Schedules hereto or thereto) as Liabilities to be retained or assumed by Corebridge or any other member of the Corebridge Group, and all agreements, obligations and Liabilities of any member of the Corebridge Group
      under this Agreement or any of the Ancillary Agreements;

   

  (iv)      any and all Liabilities set forth on Schedule 2.3(a)(iv);

   

  (v)       any and all Liabilities relating to, arising out of or resulting from the
      actions, inactions, events, omissions, conditions, facts or circumstances occurring or existing prior to, at or after the Separation Time (whether or not such Liabilities cease being contingent, mature, become known, are asserted or foreseen, or
      accrue, in each case before, at or after the Separation Time), in each case to the extent that such Liabilities relate to, arise out of or result from (A) the business, operations and activities of the life and retirement business, operations and
      activities, and primarily related investment management business, operations and activities, conducted at any time prior to the Separation Time by either Party or any member of its Group (including any terminated, divested or discontinued business,
      operations and activities of such businesses, operations and activities) or (B) any Corebridge Asset;

   

  (vi)      subject to the terms of the Intellectual Property Assignment Agreement, the
      AIG Trademark License Agreement and the Grantback License Agreement, any and all Liabilities relating to, arising out of or resulting from the Corebridge Contracts, the Corebridge Intellectual Property Rights, the Corebridge Technology, Corebridge
      Information Technology, the Corebridge Permits, the Corebridge Real Property, the Corebridge Tangible Personal Property, any Corebridge Product or the Corebridge Financing Arrangements, whether occurring or existing prior to, at or after the
      Separation Time (whether or not such Liabilities cease being contingent, mature, become known, are asserted or foreseen, or accrue, in each case before, at or after the Separation Time), including any and all Liabilities relating to, arising out of
      or resulting from the sale by any member of the AIG Group prior to the Separation Time of Corebridge Products; and

   

  (vii)     any and all Liabilities arising out of claims made by any third party
      (including AIG’s or Corebridge’s respective directors, officers, stockholders, employees and agents) against any member of the AIG Group or the Corebridge Group to the extent relating to, arising out of or resulting from (A) the business, operations
      and activities of the life and retirement business, operations and activities, and primarily related investment management business, operations and activities, conducted at any time prior to the Separation Time by either Party or any member of its
      Group (including any terminated, divested or discontinued business, operations and activities of such businesses, operations and activities), (B) any Corebridge Asset, or (C) the other business, operations, activities or Liabilities referred to in
      clauses (i) through (vii) of this Section 2.3(a).

  
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  (b)         AIG Liabilities. For the purposes of this Agreement, “AIG Liabilities”
      shall mean the following Liabilities of either Party or any of the members of its Group:

   

  (i)         all Liabilities of either Party or the members of its Group as of the
      Separation Time, in each case that are not Corebridge Liabilities;

   

  (ii)        all Liabilities that are expressly provided by this Agreement or any
      Ancillary Agreement (or the Schedules hereto or thereto) as Liabilities to be retained or assumed by AIG or any other member of the AIG Group, and all agreements, obligations and Liabilities of any member of the AIG Group under this Agreement or any
      of the Ancillary Agreements;

   

  (iii)       all Liabilities set forth on Schedule 2.3(b)(iii);

   

  (iv)       all Liabilities arising out of claims made by any third party (including
      AIG’s or Corebridge’s respective directors, officers, stockholders, employees and agents) against any member of the AIG Group or the Corebridge Group to the extent relating to, arising out of or resulting from the AIG Business or the AIG Assets.

   

  Section 2.4          Separation Date. Subject to the terms and conditions of this
      Agreement, the Separation shall be consummated at a closing to be held at the offices of Wachtell, Lipton, Rosen & Katz, 51 West 52nd Street, New York, New York 10019 on the date of the Completion of the IPO or at such other place or on such
      other date as AIG and Corebridge may mutually agree upon in writing (the day on which such closing takes place, the “Separation Date”).

   

  Section 2.5          Approvals and Notifications.

   

  (a)         Approvals and Notifications for Corebridge Assets. To the extent that the
      Separation or any transaction contemplated thereby or the IPO requires any Approvals or Notifications, the Parties shall use their commercially reasonable efforts to obtain or make such Approvals or Notifications as soon as reasonably practicable; provided,
      however, that, except to the extent expressly provided in this Agreement or any of the Ancillary Agreements or as otherwise agreed between AIG and Corebridge, neither AIG nor Corebridge shall be obligated to contribute capital or pay any
      consideration in any form (including providing any letter of credit, guaranty or other financial accommodation) to any Person in order to obtain or make such Approvals or Notifications.

   

  (b)         Delayed Corebridge Transfers. If and to the extent that the valid, complete
      and perfected transfer or assignment to the Corebridge Group of any Corebridge Asset or assumption by the Corebridge Group of any Corebridge Liability in connection with the Separation or the IPO would be a violation of Applicable Law or require any
      Approvals or Notifications that have not been obtained or made by the Separation Time then, unless the Parties mutually shall otherwise determine, the transfer or assignment to the Corebridge Group of such Corebridge Assets or the assumption by the
      Corebridge Group of such Corebridge Liabilities, as the case may be, shall be automatically deemed deferred and any such purported transfer, assignment or assumption shall be null and void until such time as all legal impediments are removed or such
      Approvals or Notifications have been obtained or made. Notwithstanding the foregoing, any such Corebridge Assets or Corebridge Liabilities shall continue to constitute Corebridge Assets and Corebridge Liabilities for all other purposes of this
      Agreement.

  
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  (c)         Treatment of Delayed Corebridge Assets and Delayed Corebridge Liabilities.
      If any transfer or assignment of any Corebridge Asset (or a portion thereof) or any assumption of any Corebridge Liability (or a portion thereof), including any Corebridge Asset or Corebridge Liability set forth on Schedule 2.5(c), intended
      to be transferred, assigned or assumed hereunder, as the case may be, is not consummated at or prior to the Separation Time, whether as a result of the provisions of Section 2.5(b) or for any other reason (any such Corebridge Asset (or a
      portion thereof), a “Delayed Corebridge Asset” and any such Corebridge Liability (or a portion thereof), a “Delayed Corebridge Liability”), then, insofar as reasonably possible and subject to Applicable Law, the member of the AIG Group
      retaining such Delayed Corebridge Asset or such Delayed Corebridge Liability, as the case may be, shall thereafter hold such Delayed Corebridge Asset or Delayed Corebridge Liability, as the case may be, for the use and benefit (or the performance and
      obligation, in the case of a Liability) of the member of the Corebridge Group entitled thereto (at the expense of the member of the Corebridge Group entitled thereto). In addition, the member of the AIG Group retaining such Delayed Corebridge Asset
      or such Delayed Corebridge Liability shall, insofar as reasonably possible and to the extent permitted by Applicable Law, treat such Delayed Corebridge Asset or Delayed Corebridge Liability in the ordinary course of business in accordance with past
      practice and take such other actions as may be reasonably requested by the member of the Corebridge Group to whom such Delayed Corebridge Asset is to be transferred or assigned, or which will assume such Delayed Corebridge Liability, as the case may
      be, in order to place such member of the Corebridge Group in a substantially similar position as if such Delayed Corebridge Asset or Delayed Corebridge Liability had been transferred, assigned or assumed as contemplated hereby and so that all the
      benefits and burdens relating to such Delayed Corebridge Asset or Delayed Corebridge Liability, as the case may be, including use, risk of loss, potential for gain and dominion, control and command over such Delayed Corebridge Asset or Delayed
      Corebridge Liability, as the case may be, and all costs and expenses related thereto, shall inure from and after the Separation Time to the Corebridge Group.

   

  (d)         Transfer of Delayed Corebridge Assets and Delayed Corebridge Liabilities. If
      and when the Approvals or Notifications, the absence of which caused the deferral of transfer or assignment of any Delayed Corebridge Asset or the deferral of assumption of any Delayed Corebridge Liability pursuant to Section 2.5(b), are
      obtained or made, and, if and when any other legal impediments for the transfer or assignment of any Delayed Corebridge Asset or the assumption of any Delayed Corebridge Liability have been removed, the transfer or assignment of the applicable
      Delayed Corebridge Asset or the assumption of the applicable Delayed Corebridge Liability, as the case may be, shall be effected in accordance with the terms of this Agreement and/or the applicable Ancillary Agreement.

   

  (e)         Costs for Delayed Corebridge Assets and Delayed Corebridge Liabilities; Payment
        of the Delayed Corebridge Asset Consideration. Except as otherwise agreed in writing between the Parties, any member of the AIG Group retaining a Delayed Corebridge Asset or Delayed Corebridge Liability due to the deferral of the transfer or
      assignment of such Delayed Corebridge Asset or the deferral of the assumption of such Delayed Corebridge Liability, as the case may be, shall not be obligated, in connection with the foregoing, to expend any money unless the necessary funds are
      advanced (or otherwise made available) by Corebridge or the member of the Corebridge Group entitled to the Delayed Corebridge Asset or Delayed Corebridge Liability, other than reasonable out-of-pocket expenses, attorneys’ fees and recording or
      similar fees, all of which, together with any Tax expense incurred by the AIG Group as a result of the deferral, shall be promptly reimbursed by Corebridge or the member of the Corebridge Group entitled to such Delayed Corebridge Asset or Delayed
      Corebridge Liability.

  
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  (f)        Approvals and Notifications for AIG Assets. To the extent that the transfer
      or assignment of any AIG Asset, the assumption of any AIG Liability, the Separation, the IPO or any other transaction contemplated under this Agreement requires any Approvals or Notifications, the Parties shall use their commercially reasonable
      efforts to obtain or make such Approvals or Notifications as soon as reasonably practicable; provided, however, that, except to the extent expressly provided in this Agreement or any of the Ancillary Agreements or as otherwise agreed
      between AIG and Corebridge, neither AIG nor Corebridge shall be obligated to contribute capital or pay any consideration in any form (including providing any letter of credit, guaranty or other financial accommodation) to any Person in order to
      obtain or make such Approvals or Notifications.

   

  (g)       Delayed AIG Transfers. If and to the extent that the valid, complete and
      perfected transfer or assignment to the AIG Group of any AIG Asset or assumption by the AIG Group of any AIG Liability in connection with the Separation or the IPO would be a violation of Applicable Law or require any Approvals or Notifications that
      have not been obtained or made by the Separation Time then, unless the Parties mutually shall otherwise determine, the transfer or assignment to the AIG Group of such AIG Assets or the assumption by the AIG Group of such AIG Liabilities, as the case
      may be, shall be automatically deemed deferred and any such purported transfer, assignment or assumption shall be null and void until such time as all legal impediments are removed or such Approvals or Notifications have been obtained or made.
      Notwithstanding the foregoing, any such AIG Assets or AIG Liabilities shall continue to constitute AIG Assets and AIG Liabilities for all other purposes of this Agreement.

   

  (h)       Treatment of Delayed AIG Assets and Delayed AIG Liabilities. If any transfer
      or assignment of any AIG Asset (or a portion thereof) or any assumption of any AIG Liability (or a portion thereof) intended to be transferred, assigned or assumed hereunder, as the case may be, is not consummated at or prior to the Separation Time
      whether as a result of the provisions of Section 2.5(g) or for any other reason (any such AIG Asset (or a portion thereof), a “Delayed AIG Asset” and any such AIG Liability (or a portion thereof), a “Delayed AIG Liability”),
      then, insofar as reasonably possible and subject to Applicable Law, the member of the Corebridge Group retaining such Delayed AIG Asset or such Delayed AIG Liability, as the case may be, shall thereafter hold such Delayed AIG Asset or Delayed AIG
      Liability, as the case may be, for the use and benefit (or the performance or obligation, in the case of a Liability) of the member of the AIG Group entitled thereto (at the expense of the member of the AIG Group entitled thereto). In addition, the
      member of the Corebridge Group retaining such Delayed AIG Asset or such Delayed AIG Liability shall, insofar as reasonably possible and to the extent permitted by Applicable Law, treat such Delayed AIG Asset or Delayed AIG Liability in the ordinary
      course of business in accordance with past practice. Such member of the Corebridge Group shall also take such other actions as may be reasonably requested by the member of the AIG Group to which such Delayed AIG Asset is to be transferred or
      assigned, or which will assume such Delayed AIG Liability, as the case may be, in order to place such member of the AIG Group in a substantially similar position as if such Delayed AIG Asset or Delayed AIG Liability had been transferred, assigned or
      assumed and so that all the benefits and burdens relating to such Delayed AIG Asset or Delayed AIG Liability, as the case may be, including use, risk of loss, potential for gain, and dominion, control and command over such Delayed AIG Asset or
      Delayed AIG Liability, as the case may be, and all costs and expenses related thereto, shall inure from and after the Separation Time to the AIG Group.

  
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  (i)           Transfer of Delayed AIG Assets and Delayed AIG Liabilities. If and when
      the Approvals or Notifications, the absence of which caused the deferral of transfer or assignment of any Delayed AIG Asset or the deferral of assumption of any Delayed AIG Liability pursuant to Section 2.5(g), are obtained or made, and, if
      and when any other legal impediments for the transfer or assignment of any Delayed AIG Asset or the assumption of any Delayed AIG Liability have been removed, the transfer or assignment of the applicable Delayed AIG Asset or the assumption of the
      applicable Delayed AIG Liability, as the case may be, shall be effected in accordance with the terms of this Agreement and/or the applicable Ancillary Agreement.

   

  (j)           Costs for Delayed AIG Assets and Delayed AIG Liabilities. Except as
      otherwise agreed in writing between the Parties, any member of the Corebridge Group retaining a Delayed AIG Asset or Delayed AIG Liability due to the deferral of the transfer or assignment of such Delayed AIG Asset or the deferral of the assumption
      of such Delayed AIG Liability, as the case may be, shall not be obligated, in connection with the foregoing, to expend any money unless the necessary funds are advanced (or otherwise made available) by AIG or the member of the AIG Group entitled to
      the Delayed AIG Asset or Delayed AIG Liability, other than reasonable out-of-pocket expenses, attorneys’ fees and recording or similar fees, all of which, together with any Tax expense incurred by the Corebridge Group as a result of the deferral,
      shall be promptly reimbursed by AIG or the member of the AIG Group entitled to such Delayed AIG Asset or Delayed AIG Liability.

   

  Section 2.6            Assignment and Novation of Liabilities.

   

  (a)          Assignment and Novation of Corebridge Liabilities.

   

  (i)            Prior to the Separation Time, Corebridge, at the request of AIG, shall
      use its commercially reasonable efforts to obtain, or to cause to be obtained, as soon as reasonably practicable, any consent, substitution, approval or amendment required to novate or assign all Corebridge Liabilities and obtain in writing the
      unconditional release of each member of the AIG Group that is a party to or otherwise obligated under any such arrangements, to the extent permitted by Applicable Law and effective as of the Separation Time, so that, in any such case, the members of
      the Corebridge Group shall be solely responsible for such Corebridge Liabilities; provided, however, that, except as otherwise expressly provided in this Agreement or any of the Ancillary Agreements, neither AIG nor Corebridge shall
      be obligated to contribute any capital or pay any consideration in any form (including providing any letter of credit, guaranty or other financial accommodation) to any third Person from whom any such consent, substitution, approval, amendment or
      release is requested. To the extent such substitution contemplated by the first sentence of this Section 2.6(a)(i) has been effected, the members of the AIG Group shall, from and after the Separation Time, cease to have any obligation
      whatsoever arising from or in connection with such Corebridge Liabilities. 

  

  
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  (ii)           If Corebridge is unable to obtain, or to cause to be obtained, any
      such required consent, substitution, approval, amendment or release, and the applicable member of the AIG Group continues to be bound by such agreement, lease, license or other obligation or Liability (each, an “Unreleased Corebridge Liability”),

      Corebridge shall, to the extent not prohibited by Applicable Law, and subject to the provisions of Schedule 2.6(a)(ii)(A), (A) use its commercially reasonable efforts to effect such consent, substitution, approval, amendment or release as
      soon as practicable following the Separation Time, but in any event within twelve (12) months thereof, and (B) as indemnitor, guarantor, agent or subcontractor for such member of the AIG Group, as the case may be, (1) pay, perform and discharge fully
      all the obligations or other Liabilities of such member of the AIG Group that constitute Unreleased Corebridge Liabilities from and after the Separation Time and (2) use its commercially reasonable efforts to effect such payment, performance or
      discharge prior to any demand for such payment, performance or discharge is permitted to be made by the obligee thereunder on any member of the AIG Group. If and when any such consent, substitution, approval, amendment or release shall be obtained or
      the Unreleased Corebridge Liabilities shall otherwise become assignable or able to be novated, AIG shall promptly assign, or cause to be assigned, and Corebridge or the applicable member of the Corebridge Group shall assume, such Unreleased
      Corebridge Liabilities without exchange of further consideration.

   

  (iii)          If Corebridge is unable to obtain, or to cause to be obtained, any
      such required consent, substitution, approval, amendment or release as set forth in clause (ii) of this Section 2.6(a), Corebridge and any relevant member of its Group that has assumed the applicable Unreleased Corebridge Liability shall
      indemnify, defend and hold harmless AIG against or from such Unreleased Corebridge Liability in accordance with the provisions of Article IX and shall, as agent or subcontractor for AIG, pay, perform and discharge fully all the obligations or
      other Liabilities of AIG thereunder.

   

  (b)          Assignment and Novation of AIG Liabilities.

   

  (i)            Prior to the Separation Time, AIG, at the request of Corebridge, shall
      use its commercially reasonable efforts to obtain, or to cause to be obtained, as soon as reasonably practicable, any consent, substitution, approval or amendment required to novate or assign all AIG Liabilities and obtain in writing the
      unconditional release of each member of the Corebridge Group that is a party to any such arrangements, so that, in any such case, the members of the AIG Group shall be solely responsible for such AIG Liabilities; provided, however,
      that, except as otherwise expressly provided in this Agreement or any of the Ancillary Agreements, neither AIG nor Corebridge shall be obligated to contribute any capital or pay any consideration in any form (including providing any letter of credit,
      guaranty or other financial accommodation) to any third Person from whom any such consent, substitution, approval, amendment or release is requested. To the extent such substitution contemplated by the first sentence of this Section 2.6(b)(i) has

      been effected, the members of the Corebridge Group shall, from and after the Separation Time, cease to have any obligation whatsoever arising from or in connection with such AIG Liabilities. 

  

  
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  (ii)           If AIG is unable to obtain, or to cause to be obtained, any such
      required consent, substitution, approval, amendment or release and the applicable member of the Corebridge Group continues to be bound by such agreement, lease, license or other obligation or Liability (each, an “Unreleased AIG Liability”),
      AIG shall, to the extent not prohibited by Applicable Law, (A) use its commercially reasonable effort to effect such consent, substitution, approval, amendment or release as soon as practicable following the Separation Time, but in any event within
      twelve (12) months thereof, and (B) as indemnitor, guarantor, agent or subcontractor for such member of the Corebridge Group, as the case may be, (1) pay, perform and discharge fully all the obligations or other Liabilities of such member of the
      Corebridge Group that constitute Unreleased AIG Liabilities from and after the Separation Time and (2) use its commercially reasonable efforts to effect such payment, performance or discharge prior to any demand for such payment, performance or
      discharge is permitted to be made by the obligee thereunder on any member of the Corebridge Group. If and when any such consent, substitution, approval, amendment or release shall be obtained or the Unreleased AIG Liabilities shall otherwise become
      assignable or able to be novated, Corebridge shall promptly assign, or cause to be assigned, and AIG or the applicable member of the AIG Group shall assume, such Unreleased AIG Liabilities without exchange of further consideration.

   

  (iii)          If AIG is unable to obtain, or to cause to be obtained, any such
      required consent, substitution, approval, amendment or release as set forth in clause (ii) of this Section 2.6(b), AIG and any relevant member of its Group (except for members of the Corebridge Group) that has assumed the applicable
      Unreleased AIG Liability shall indemnify, defend and hold harmless Corebridge against or from such Unreleased AIG Liability in accordance with the provisions of Article IX and shall, as agent or subcontractor for Corebridge, pay, perform and
      discharge fully all the obligations or other Liabilities of Corebridge thereunder.

   

  Section 2.7            Release of Guarantees. In furtherance of, and not in
      limitation of, the obligations set forth in Section 2.6:

   

  (a)          At or prior to the Separation Date or as soon as practicable thereafter, each of
      AIG and Corebridge shall, at the request of the other Party and with the reasonable cooperation of such other Party and the applicable member(s) of such other Party’s Group, use commercially reasonable efforts to (A) have any member(s) of the AIG
      Group removed as guarantor of or obligor for any Corebridge Liability, other than any Corebridge Liability set forth on Schedule 2.7(a), including the removal of any Security Interest on or in any AIG Asset that may serve as collateral or
      security for any such Corebridge Liability; and (B) have any member(s) of the Corebridge Group removed as guarantor of or obligor for any AIG Liability, including the removal of any Security Interest on or in any Corebridge Asset that may serve as
      collateral or security for any such AIG Liability. 

  

  
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  (b)          To the extent required to obtain a release from a guarantee of:

   

  (i)            any member of the AIG Group, Corebridge shall execute a guarantee
      agreement in the form of the existing guarantee or such other form as is agreed to by the relevant parties to such guarantee agreement, which agreement shall include the removal of any Security Interest on or in any AIG Asset that may serve as
      collateral or security for any such Corebridge Liability, except to the extent that such existing guarantee contains representations, covenants or other terms or provisions either (A) with which Corebridge would be reasonably unable to comply or (B)
      which Corebridge would not reasonably be able to avoid breaching; and

   

  (ii)           any member of the Corebridge Group, AIG shall execute a guarantee
      agreement in the form of the existing guarantee or such other form as is agreed to by the relevant parties to such guarantee agreement, which agreement shall include the removal of any Security Interest on or in any Corebridge Asset that may serve as
      collateral or security for any such AIG Liability, except to the extent that such existing guarantee contains representations, covenants or other terms or provisions either (i) with which AIG would be reasonably unable to comply or (ii) which AIG
      would not reasonably be able to avoid breaching.

   

  (c)          If AIG or Corebridge is unable to obtain, or to cause to be obtained, any such
      required removal or release, or is expressly not required to do so (including as provided in Schedule 2.7(a)), in each case as set forth in clauses (a) and (b) of this Section 2.7, (i) the Party or the relevant member of its Group
      that is responsible pursuant to this Agreement for the Liability associated with such guarantee shall indemnify, defend and hold harmless the guarantor or obligor, as applicable, against or from any Liability arising from or relating thereto in
      accordance with the provisions of Article IX and shall, as agent or subcontractor for such guarantor or obligor, pay, perform and discharge fully all the obligations or other Liabilities of such guarantor or obligor thereunder; and (ii) each
      of AIG and Corebridge, on behalf of itself and the other members of their respective Group, agree not to renew or extend the term of, increase any obligations under, or transfer to a third party, any loan, guarantee, lease, contract or other
      obligation for which the other Party or a member of its Group is or may be liable unless all obligations of such other Party and the members of such other Party’s Group with respect thereto are thereupon terminated by documentation satisfactory in
      form and substance to such other Party.

   

  Section 2.8            Intercompany Agreements.

   

  (a)          In furtherance of the releases and other provisions of Section 9.1, Corebridge and
      each member of the Corebridge Group, on the one hand, and AIG and each member of the AIG Group, on the other hand, hereby terminate the agreements set forth on Schedule 2.8(a) (the “Terminated Intercompany Agreements”), effective as of
      the Separation Time. All other agreements, arrangements, commitments or understandings, whether or not in writing, between or among Corebridge and/or any member of the Corebridge Group, on the one hand, and AIG and/or any member of the AIG Group, on
      the other hand, shall not be affected by the Separation, except as otherwise provided in or expressly contemplated by this Agreement or any Ancillary Agreement. No Terminated Intercompany Agreement (including any provision thereof which purports to
      survive termination) shall be of any further force or effect after the Separation Time. Each Party shall, at the reasonable request of the other Party, take, or cause to be taken, such other actions as may be necessary to effect the foregoing. 

  

  
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  (b)          All intercompany accounts receivable and accounts payable between any member of
      the AIG Group, on the one hand, and any member of the Corebridge Group, on the other hand, in respect of the Terminated Intercompany Agreements outstanding as of the Separation Time shall be repaid or settled immediately prior to or as promptly as
      practicable after the Separation Time, other than amounts payable by AIG to members of the Corebridge Group pursuant to the AIG Parent Intercompany Funding Arrangement, which shall be repaid within 90 days of the Separation Time.

   

  Section 2.9            Treatment of Shared Contracts.

   

  (a)          Subject to Applicable Law and without limiting the generality of the obligations
      set forth in Section 2.1, unless the Parties otherwise agree or the benefits of any contract, agreement, arrangement, commitment or understanding described in this Section 2.9 are expressly conveyed to the applicable Party pursuant
      to this Agreement or an Ancillary Agreement, any contract or agreement, a portion of which relates to matters that would be the subject of a Corebridge Asset, but the remainder of which relates to matters that would be the subject of an AIG Asset
      (any such contract or agreement, including those set forth on Schedule 2.9, a “Shared Contract”), shall be assigned in relevant part to the applicable member(s) of the applicable Group, if so assignable, or appropriately amended or
      otherwise bifurcated or separated and replicated prior to the expiration of the term of the services to which such Shared Contract relates pursuant to the Transition Services Agreement (other than any Shared Contract that the Parties agree after the
      date hereof should be permitted to expire in accordance with its terms) or, in the event that there are no such services subject to the Transition Services Agreement, prior to the Majority Holder Date (or, if such Shared Contract expressly provides
      the AIG Group with the right to continue to make available the services thereunder to the Corebridge Group, or the Corebridge Group with the right to continue to make available the services thereunder to the AIG Group, in each case, after the
      Majority Holder Date, such later date when such right terminates by its terms under such Shared Contract, unless parties to such Shared Contract consent to such services continuing to be made available to the Corebridge Group or the AIG Group, as
      applicable, thereafter), so that each Party or the member of its Group shall, as of the such time, be entitled to the rights and benefits, and shall assume the related portion of any Liabilities, inuring to its respective businesses; provided,
      however, that (i) in no event shall any member of any Group be required to assign (or amend) any Shared Contract in its entirety or to assign a portion of any Shared Contract which is not assignable (or cannot be amended) by its terms
      (including any terms imposing consents or conditions on an assignment where such consents or conditions have not been obtained or fulfilled) and (ii) if any Shared Contract cannot be so partially assigned by its terms or otherwise, or cannot be
      amended or if such assignment or amendment would impair the benefit the parties thereto derive from such Shared Contract, then the Parties shall, and shall cause each of the members of their respective Groups to, take such other commercially
      reasonable and permissible actions (including by providing prompt notice to the other Party with respect to any relevant claim of Liability or other relevant matters arising in connection with a Shared Contract so as to allow such other Party the
      ability to exercise any applicable rights under such Shared Contract) to cause a member of the Corebridge Group or the AIG Group, as the case may be, to receive the rights and benefits of that portion of each Shared Contract (or a replacement
      therefor) that relates to the Corebridge Business or the AIG Business, as the case may be (in each case, to the extent so related), as if such Shared Contract had been assigned to a member of the applicable Group (or amended or otherwise bifurcated
      or separated and replicated to allow a member of the applicable Group to exercise applicable rights under such Shared Contract) pursuant to this Section 2.9, and to bear the burden of the corresponding Liabilities (including any Liabilities
      that may arise by reason of such arrangement), as if such Liabilities had been assumed by a member of the applicable Group pursuant to this Section 2.9. 

  

  
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  (b)          Nothing in this Section 2.9 shall require any member of any Group to make
      any payment (except to the extent advanced, assumed or agreed in advance to be reimbursed by any member of the other Group), incur any obligation or grant any concession for the benefit of any member of any other Group in order to effect any
      transaction contemplated by this Section 2.9.

   

  Section 2.10         Bank Accounts; Cash Balances.

   

  (a)          Each Party agrees to take, or cause the members of its Group to take, at the
      Separation Time (or such earlier time as the Parties may agree), all actions necessary to amend all contracts or agreements governing each bank and brokerage account owned by Corebridge or any other member of the Corebridge Group (collectively, the “Corebridge

        Accounts”) and all contracts or agreements governing each bank or brokerage account owned by AIG or any other member of the AIG Group (collectively, the “AIG Accounts”) so that each such Corebridge Account and AIG Account, if currently
      linked (whether by bank fees, earnings credits, automatic withdrawal, automatic deposit or any other authorization to transfer funds from or to, hereinafter “Linked”) to any AIG Account or Corebridge Account, respectively, is de-Linked from
      such AIG Account or Corebridge Account, respectively.

   

  (b)          It is intended that, following consummation of the actions contemplated by Section 2.10(a),
      there will be in place a cash management process pursuant to which the Corebridge Accounts will be managed and funds collected will be transferred into one (1) or more accounts maintained by Corebridge or a member of the Corebridge Group.

   

  (c)          It is intended that, following consummation of the actions contemplated by Section 2.10(a),
      there will continue to be in place a cash management process pursuant to which the AIG Accounts will be managed and funds collected will be transferred into one (1) or more accounts maintained by AIG or a member of the AIG Group.

   

  (d)          With respect to any outstanding checks issued or payments initiated by AIG,
      Corebridge, or any of the members of their respective Groups prior to the Separation Time, such outstanding checks and payments shall be honored following the Separation Time by the Person or Group owning the account on which the check is drawn or
      from which the payment was initiated, respectively.

   

  (e)          As between AIG and Corebridge (and the members of their respective Groups), all
      payments made and reimbursements received after the Separation Time by either Party (or member of its Group) that relate to a business, Asset or Liability of the other Party (or member of its Group), shall be held by such Party in trust for the use
      and benefit of the Party entitled thereto and, promptly following receipt by such Party of any such payment or reimbursement, such Party shall pay over, or shall cause the applicable member of its Group to pay over to the other Party the amount of
      such payment or reimbursement without right of set-off. 

  

  
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  Section 2.11         Ancillary Agreements.

   

  (a)          Effective at or prior to the Separation Time, each of AIG and Corebridge will, or
      will cause the applicable members of their Groups to, execute and deliver all Ancillary Agreements to which it is a party.

   

  (b)          Notwithstanding anything to the contrary herein, in the event of a conflict
      between the terms of this Agreement and the terms of the Intellectual Property Assignment Agreement or the Employee Matters Agreement, the terms of the Intellectual Property Assignment Agreement or the Employee Matters Agreement, as applicable, shall
      control.

   

  Section 2.12         Certain Real Property and Other Matters. The Parties shall take
      the actions set forth on Schedule 2.12 with respect to the Real Property and other matters set forth therein.

   

  Section 2.13         Disclaimer of Representations and Warranties. EACH OF AIG (ON
      BEHALF OF ITSELF AND EACH MEMBER OF THE AIG GROUP) AND COREBRIDGE (ON BEHALF OF ITSELF AND EACH MEMBER OF THE COREBRIDGE GROUP) UNDERSTANDS AND AGREES THAT, EXCEPT AS EXPRESSLY SET FORTH HEREIN OR IN ANY ANCILLARY AGREEMENT, NO PARTY TO THIS
      AGREEMENT, ANY ANCILLARY AGREEMENT OR ANY OTHER AGREEMENT OR DOCUMENT CONTEMPLATED BY THIS AGREEMENT, ANY ANCILLARY AGREEMENT OR OTHERWISE, IS REPRESENTING OR WARRANTING IN ANY WAY AS TO THE ASSETS, BUSINESSES OR LIABILITIES TRANSFERRED OR ASSUMED AS
      CONTEMPLATED HEREBY OR THEREBY, AS TO ANY CONSENTS OR APPROVALS REQUIRED IN CONNECTION THEREWITH (INCLUDING GOVERNMENTAL APPROVALS OR PERMITS OF ANY KIND), AS TO THE VALUE OR FREEDOM FROM ANY SECURITY INTERESTS OF, OR ANY OTHER MATTER CONCERNING, ANY
      ASSETS OF SUCH PARTY, OR AS TO THE ABSENCE OF ANY DEFENSES OR RIGHT OF SETOFF OR FREEDOM FROM COUNTERCLAIM WITH RESPECT TO ANY CLAIM OR OTHER ASSET, INCLUDING ANY ACCOUNTS RECEIVABLE, OF ANY PARTY, OR AS TO THE LEGAL SUFFICIENCY OF ANY ASSIGNMENT,
      DOCUMENT OR INSTRUMENT DELIVERED HEREUNDER TO CONVEY TITLE TO ANY ASSET OR THING OF VALUE UPON THE EXECUTION, DELIVERY AND FILING HEREOF OR THEREOF. EXCEPT AS MAY EXPRESSLY BE SET FORTH HEREIN OR IN ANY ANCILLARY AGREEMENT, ALL SUCH ASSETS ARE BEING
      TRANSFERRED ON AN “AS IS,” “WHERE IS” BASIS (AND, IN THE CASE OF ANY REAL PROPERTY, BY MEANS OF A QUITCLAIM OR SIMILAR FORM OF DEED OR CONVEYANCE) AND THE RESPECTIVE TRANSFEREES SHALL BEAR, WITHOUT LIMITATION, THE ECONOMIC AND LEGAL RISKS THAT (I)
      ANY CONVEYANCE WILL PROVE TO BE INSUFFICIENT TO VEST IN THE TRANSFEREE GOOD AND MARKETABLE TITLE, FREE AND CLEAR OF ANY SECURITY INTEREST, AND (II) ANY NECESSARY APPROVALS OR NOTIFICATIONS ARE NOT OBTAINED OR MADE OR THAT ANY REQUIREMENTS OF LAWS OR
      JUDGMENTS ARE NOT COMPLIED WITH. 

  

  
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  Article III

      THE IPO

   

  Section 3.1            Sole and Absolute Discretion; Cooperation. Subject to the
      terms of the Underwriting Agreement, AIG may, in its sole and absolute discretion, determine the terms of the IPO, including the form, structure and terms of any transaction(s) and/or offering(s) to effect the IPO and the timing and conditions to the
      consummation of the IPO. In addition, subject to the terms of the Underwriting Agreement, AIG may, at any time and from time to time until the consummation of the IPO, modify or change the terms of the IPO, including by accelerating or delaying the
      timing of the consummation of all or part of the IPO. Corebridge shall cooperate with AIG to accomplish the IPO and shall, at AIG’s direction, promptly take any and all actions necessary or desirable to effect the IPO, including the registration
      under the Securities Act of shares of Common Stock on an appropriate registration form or forms to be designated by AIG.

   

  Section 3.2            Actions Prior to the IPO.

   

  (a)          Subject to the conditions specified in Section 3.3, AIG and Corebridge
      shall use their reasonable best efforts to consummate the IPO. Additionally, Corebridge shall, and shall cause each member of the Corebridge Group to, take any actions reasonably requested or required by AIG in connection with the consummation of the
      IPO.

   

  (b)          IPO Costs. Corebridge shall pay directly or promptly reimburse all costs,
      fees and expenses incident to Corebridge’s performance of or compliance with this Agreement, including (i) all registration and filing fees, (ii) all fees and expenses associated with filings to be made with any securities exchange or with any other
      governmental or quasi-governmental authority; (iii) all fees and expenses of compliance with securities or blue sky laws, including reasonable fees and disbursements of counsel in connection therewith, (iv) all printing expenses (including expenses
      of printing certificates for shares of Common Stock and of printing prospectuses if the printing of prospectuses is requested by AIG or the managing underwriters, if any), (v) all “road show” expenses incurred in respect of the IPO, including all
      costs of travel, lodging and meals, (vi) all messenger, telephone and delivery expenses, (vii) all fees and disbursements of Corebridge’s outside counsel, (viii) all fees and disbursements of all independent certified public accountants of Corebridge
      (including expenses of any “cold comfort” letters required in connection with this Agreement) and all other persons, including special experts, retained by Corebridge in connection with the IPO, (ix) all reasonable fees and disbursements of
      underwriters (other than Selling Expenses) customarily paid by the issuers or sellers of securities and, (x) all other costs, fees and expenses incident to Corebridge’s performance or compliance with this Agreement (all such expenses, “Registration

        Expenses”). AIG shall be responsible for the fees and expenses of AIG’s outside counsel and Selling Expenses. Corebridge will, in any event, pay its internal expenses (including, without limitation, all salaries and expenses of its officers and
      employees performing legal or accounting duties), the expenses of any annual audit or quarterly review and the expenses of any liability insurance. Corebridge shall have no obligation to pay any Selling Expenses. 

  

  
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  Section 3.3            Conditions Precedent to Consummation of the IPO.

   

  (a)          Subject to Section 3.1, as soon as practicable after the date of this
      Agreement, the Parties hereto shall use their reasonable best efforts to satisfy the conditions to the consummation of the IPO set forth in this Section 3.3. The obligations of the Parties to consummate the IPO shall be conditioned on the
      satisfaction, or waiver by AIG in its sole discretion, of the following conditions:

   

  (i)            The IPO Registration Statement shall have been declared effective by
      the SEC, and there shall be no stop-order in effect with respect thereto, and no proceeding for that purpose shall have been instituted by the SEC.

   

  (ii)           No order, injunction or decree issued by any court or agency of
      competent jurisdiction or other legal restraint or prohibition preventing the consummation of the Separation or the IPO shall be in effect.

   

  (iii)          No event or development shall have occurred or exist or be expected to
      occur that, in the judgment of the AIG Board, in its sole discretion, makes it inadvisable to effect the Separation or the IPO.

   

  (b)          The foregoing conditions are for the sole benefit of AIG and shall not give rise
      to or create any duty on the part of AIG or the AIG Board to waive or not waive such conditions. Any determination made by the AIG Board prior to the IPO concerning the satisfaction or waiver of any or all of the conditions set forth in this Section 3.3
      shall be conclusive.

   

  Article IV

      BOARD OF DIRECTORS AND CORPORATE GOVERNANCE

   

  Section 4.1            Corebridge Board.

   

  (a)           As of the Completion of the IPO, the Corebridge Board shall consist of thirteen
      members, and from the Completion of the IPO until the Majority Holder Date, Corebridge and AIG shall use their best efforts to cause the Corebridge Board to consist of such number of members as is determined by AIG and is not less than eleven, in
      each case as follows:

   

  (i)            the CEO;

   

  (ii)           AIG Directors representing a majority of all of the directors then
      serving on the Corebridge Board;

   

  (iii)          the Blackstone Director; and

   

  (iv)          at least four Independent Directors.

   

  (b)          Until the Majority Holder Date, Corebridge shall, and shall use its best efforts
      to cause the Corebridge Board to, cause the Chairman of the Corebridge Board to be an AIG Director. 

  

  
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  (c)          At all times, at least two of the Independent Directors shall also be Qualified
      Compensation Directors.

   

  (d)          Until the First Threshold Date, Corebridge shall not change the number of
      Directors on the Corebridge Board without the consent of AIG.

   

  (e)          AIG shall have the right to include on each Corebridge Slate the following number
      of Directors, which shall each be designated as “AIG Directors”:

   

  (i)            Until the Majority Holder Date, a majority of the Directors on the
      Corebridge Board (or such lower number as AIG shall determine); and

   

  (ii)           After the Majority Holder Date and until the Fourth Threshold Date: a
      number of Directors equal to (x) the total number of Directors entitled to serve on the Corebridge Board multiplied by (y) the quotient obtained by dividing the number of shares of Common Stock beneficially owned by AIG by the total number
      of shares of Common Stock outstanding, rounded up to the nearest whole number; and

   

  (iii)          After the Fourth Threshold Date, none.

   

  (f)           Until the Fourth Threshold Date, Corebridge shall, and shall use its best efforts
      to cause the Corebridge Board to, do each of the following:

   

  (i)            cause there to be on the Corebridge Board at all times that number of
      AIG Directors for which AIG maintains designation rights pursuant to Section 4.1(e);

   

  (ii)           fill any vacancy on the Corebridge Board created by the resignation,
      removal or incapacity of any AIG Director with another AIG Director candidate identified by AIG, to the extent AIG would at such time have designation rights for such AIG Director candidate pursuant to Section 4.1(e); and

   

  (iii)          not permit the removal of any AIG Director without AIG’s consent, to
      the extent AIG would at such time have designation rights for such AIG Director pursuant to Section 4.1(e).

   

  Section 4.2            Audit Committee of the Corebridge Board.

   

  (a)          As of the Completion of the IPO, the Corebridge Board shall have established an
      audit committee that shall consist of at least one Independent Director and, unless the Blackstone Director waives his or her right to be a member of the committee under the Blackstone Agreement, the Blackstone Director. On the date immediately
      preceding the date that is 90 days from the date of the IPO (the “Change Date”), the audit committee shall consist of at least two Independent Directors. At the option of AIG, the Corebridge Board shall appoint an AIG Director (so long as such
      Director shall also meet the standard for audit committee membership as set forth in the NYSE Manual) to the audit committee, who, until the date immediately preceding the first anniversary of the date upon which the IPO Registration Statement
      becomes effective, need not be an Independent Director; provided that, at all times from and after the Change Date, the majority of the audit committee members shall be Independent Directors. 

  

  
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  (b)          Without limiting AIG’s rights under Section 4.2(a), at any time during
      which the Corebridge Board includes an AIG Director who is also an Independent Director, at least one member of the Audit Committee shall be an AIG Director, so long as such AIG Director shall also meet the standards for audit committee membership as
      set forth in the NYSE Manual.

   

  (c)          The audit committee shall have responsibilities and authority consistent with Rule
      10A-3 under the Exchange Act and Rule 303A.07 of the NYSE Manual, and such additional responsibilities and authority, not inconsistent with this Agreement, as shall be delegated to it by the Corebridge Board from time to time.

   

  (d)          The audit committee shall have at all times at least one member who is an “audit
      committee financial expert” as defined in Item 407(d)(5) of Regulation S-K under the Exchange Act.

   

  Section 4.3            Compensation Committee of the Corebridge Board.

   

  (a)          If at any time following the IPO and until the First Threshold Date, the
      Corebridge Board shall have a compensation committee, AIG shall have the right to designate a number of AIG Directors who shall be appointed by the Corebridge Board to the compensation committee equal to (x) the total number of Directors entitled to
      serve on the compensation committee multiplied by (y) the quotient obtained by dividing the number of shares of Common Stock beneficially owned by AIG by the total number of shares of Common Stock outstanding, rounded up to the nearest whole
      number; provided that at any time following the Majority Holder Date, such AIG Directors must be Independent Directors. Within 60 days of a decrease in the number of AIG Directors to which AIG is entitled to cause the Corebridge Board to
      appoint to the compensation committee pursuant to the immediately preceding sentence, AIG will cause a sufficient number of AIG directors to resign from the compensation committee.

   

  (b)          From the formation of a compensation committee of the Corebridge Board until the
      Majority Holder Date, if the Corebridge Board shall have a compensation committee, the following provisions will apply:

   

  (i)            the compensation committee of the Corebridge Board shall be
      responsible for:

   

  (A)          reviewing and approving the compensation of each of the CEO, CFO and all
      other individuals qualifying as “executive officers” of Corebridge for purposes of Rule 3b-7 under the Exchange Act;

   

  (B)           reviewing the equity compensation plans and other compensation plans of
      Corebridge, and making recommendations to the Corebridge Board as to any changes to such plans; 

  

  
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  (C)          making recommendations to the Corebridge Board as to performance-based
      awards and target levels under performance-based compensation arrangements;

   

  (D)          preparing, or supervising the preparation of, the report required by Item
      407(e)(5) of Regulation S-K for inclusion in Corebridge’s proxy statement; and

   

  (E)           such other responsibilities, not inconsistent with this Agreement, as
      shall be delegated to it by the Corebridge Board from time to time; and

   

  (ii)           the Corebridge Board shall be responsible for:

   

  (A)          approving and adopting the equity compensation plans and other
      compensation plans of Corebridge; and

   

  (B)           approving performance-based awards and target levels under
      performance-based compensation arrangements.

   

  (c)          On the Majority Holder Date (or on such earlier date as AIG shall determine), to
      the extent not already so delegated, the Corebridge Board shall delegate to the compensation committee the responsibilities and authority set forth in Section 303A.05 of the NYSE Manual.

   

  (d)          From the formation of any compensation committee until the Majority Holder Date
      (if the Corebridge Board shall have a compensation committee), and during any other time that the compensation committee includes members who are not Qualified Compensation Directors, the compensation committee shall maintain a subcommittee
      consisting solely of two or more Qualified Compensation Directors who shall be responsible for:

   

  (i)            approving any grants of equity or equity-based compensation awards to
      an Executive Officer or Director of Corebridge; and

   

  (ii)           such other matters as shall be delegated to the subcommittee by the
      compensation committee or as shall be required by Applicable Law to be approved or determined by Qualified Compensation Directors.

   

  (e)          From the formation of any compensation committee until the Majority Holder Date
      (if the Corebridge Board shall have a compensation committee), and except for those matters specifically reserved in Section 4.3(d) for approval by a subcommittee of Qualified Compensation Directors, the compensation committee shall only act
      with the consent of a majority of the members of the compensation committee, which majority must include an AIG Director, unless such action is required by Applicable Law to be approved solely by Independent Directors.

   

  (f)           Following the Majority Holder Date, the compensation committee shall have
      responsibilities and authority consistent with Rule 303A.05 of the NYSE Manual, and such additional responsibilities and authority, not inconsistent with this agreement, as shall be delegated to it by the Corebridge Board from time to time. 

  

  
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  Section 4.4            Nominating and Governance Committee of the Corebridge Board.

   

  (a)          If at any time following the IPO and until the First Threshold Date, the
      Corebridge Board shall have a nominating and governance committee, AIG shall have the right to designate a number of Directors who shall be appointed by the Corebridge Board to the nominating and governance committee equal to (x) the total number of
      Directors entitled to serve on the nominating and governance committee multiplied by (y) the quotient obtained by dividing the number of shares of Common Stock beneficially owned by AIG by the total number of shares of Common Stock
      outstanding, rounded up to the nearest whole number; provided that at any time following the Majority Holder Date, such AIG Directors must be Independent Directors. Within 60 days of a decrease in the number of AIG Directors to which AIG is
      entitled to cause the Corebridge Board to appoint to the nominating and governance committee pursuant to the immediately preceding sentence, AIG will cause a sufficient number of AIG directors to resign from the nominating and governance committee.

   

  (b)          Until the Majority Holder Date, any such nominating and governance committee shall
      only act with the consent of a majority of the members of the committee, which majority must include an AIG Director, unless such action is required by Applicable Law to be approved solely by Independent Directors.

   

  (c)          Following the Majority Holder Date, the nominating and governance committee shall
      exercise the responsibilities and authority set forth under Rule 303A.04 of the NYSE Manual. At all times, the nominating and governance committee shall exercise the responsibilities and authority, not inconsistent with this agreement, as shall be
      delegated to it by the Corebridge Board from time to time.

   

  Section 4.5            Implementation.

   

  (a)          Corebridge shall make such disclosures, and shall take such other steps, as shall
      be required to avail itself of such exemptions from NYSE rules and other Applicable Law so as to permit the full implementation of this Article IV.

   

  (b)          Any determination by or consent of AIG pursuant to this Article IV shall
      be evidenced in writing signed by an AIG Executive Officer. The signature of an AIG Executive Officer who is also an AIG Director on a unanimous written consent by the Corebridge Board shall not constitute consent or approval under this Section 4.5(b).

   

  (c)          Except as expressly stated above, AIG Directors (i) shall not be required to be
      Independent Directors or meet any standard of independence from Corebridge and (ii) may be officers or employees of AIG, but not of Corebridge. 

  

  
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  Article V

      AIG APPROVAL AND CONSENT RIGHTS

   

  Section 5.1            AIG Approval and Consent Rights.

   

  (a)          Until the First Threshold Date, Corebridge shall not (either directly or
      indirectly through a Subsidiary, or through one or a series of related transactions) take any of the following actions without the prior written consent of AIG.

   

  (i)            Any merger, consolidation or similar transaction (or any amendment to
      or termination of an agreement to enter into such a transaction) involving Corebridge or any Subsidiary of Corebridge, on the one hand, and any other Person, on the other hand, other than (A) an acquisition of 100% of the Capital Stock of such other
      Person or (B) disposition of 100% of the Capital Stock of a Subsidiary of Corebridge, in each case involving consideration not exceeding $100 million;

   

  (ii)           Any acquisition or disposition of securities, Assets or liabilities
      (including through reinsurance on a proportional or non-proportional basis whether involving full or partial risk transfer or for other purposes of surplus or capital relief) involving consideration or book value greater than $100 million, other than
      transactions involving Assets invested in Corebridge’s consolidated general account and approved in accordance with Corebridge’s established policies and procedures to monitor invested Assets;

   

  (iii)          Any increase or decrease in the authorized Capital Stock of
      Corebridge, or the creation of any new class or series of Capital Stock of Corebridge;

   

  (iv)          Any issuance, redemption, repurchase or other acquisition (including
      stock buy-back programs and other reductions of capital) of Capital Stock, or securities convertible into or exchangeable or exercisable for Capital Stock or equity-linked securities, of Corebridge or any of its Subsidiaries, except:

   

  (A)          issuances of Equity Awards pursuant to any Equity Award plan in effect as
      of the closing of the IPO or previously approved by AIG hereunder;

   

  (B)           issuances of Capital Stock of a Subsidiary to a Wholly Owned Subsidiary,
      or acquisitions of Capital Stock of a Subsidiary by a Wholly Owned Subsidiary; and

   

  (C)           acquisitions of Capital Stock in connection with the funding of Equity
      Awards or to prevent shareholder dilution from the issuance of Equity Awards.

   

  (v)          Any issuance or acquisition (including redemptions, prepayments,
      open-market or negotiated repurchases or other transactions reducing the outstanding debt of Corebridge or any Subsidiary) of any debt security of Corebridge or any Subsidiary to or from a third party, in each case involving an aggregate principal
      amount exceeding $100 million, excluding any issuance or acquisition pursuant to the Debt Exchange Offer; 

  

  
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  (vi)         Any other incurrence or guarantee of a debt obligation of Corebridge or
      any Subsidiary to or of a third party having a principal amount greater than $100 million, except (A) pursuant to the Debt Exchange Offer and (B) the items set forth on Schedule 5.1(a)(vi);

   

  (vii)        Entry into or termination of any joint venture, cooperation or similar
      arrangements involving Assets having a book value exceeding $100 million;

   

  (viii)       The listing or delisting of securities of Corebridge or any of its
      Subsidiaries on a securities exchange, other than the listing or delisting of debt securities on the NYSE or any other securities exchange located solely in the United States;

   

  (ix)          (A) The formation of, or delegation of authority to, any new committee,
      or subcommittee thereof, of the Corebridge Board, (B) the delegation of authority to any existing committee or subcommittee thereof not set forth in the committee’s charter or authorized by the Corebridge Board prior to the Completion of the IPO or
      (C) any non-de minimis amendments to the charter (or equivalent authorizing document) of any committee, including any action to increase or decrease size of any committee (whether by amendment or otherwise), except in each case as required by
      Applicable Law;

   

  (x)           The amendment (or approval or recommendation of the amendment) of
      Corebridge’s certificate of incorporation or by-laws;

   

  (xi)          With respect to Corebridge or any Subsidiary, any filing or the making
      of any petition under Bankruptcy Laws, any general assignment for the benefit of creditors, any admission of an inability to meet obligations generally as they become due or any other act the consequence of which is to subject Corebridge or any
      Subsidiary to a proceeding under Bankruptcy Laws;

   

  (xii)         Any commencement or settlement of material litigation or any regulatory
      proceedings if such litigation or regulatory proceeding could be material to AIG or could have an adverse effect on AIG’s reputation or relationship with any Governmental Authority;

   

  (xiii)        Entry into any material written agreement or settlement with, or any
      material written commitment to, a regulatory agency or other Governmental Authority, or any settlement of a material enforcement action if such agreement, settlement or commitment could be material to AIG or could have an adverse effect on AIG’s
      reputation or relationship with any Governmental Authority;

   

  (xiv)        Any dissolution or winding-up of Corebridge;

   

  (xv)         The election, appointment, hiring, dismissal or removal (other than for
      Cause) of Corebridge’s CEO or CFO; 

  

  
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  (xvi)        The election, appointment, designation or removal (other than for Cause)
      of the Chairperson of the Corebridge Board;

   

  (xvii)       The entry into, termination of or material amendment of any material
      contract with a third party, excluding, in each case, (A) any employment agreement, (B) any contract involving (1) aggregate annual payments of $25 million or less and (2) aggregate cumulative payments of $100 million or less, or (C) any contract
      where entry into, termination of or material amendment of such contract is expressly permitted by this Agreement or by any of the Ancillary Agreements;

   

  (xviii)      Any action that could result in AIG being required to make regulatory
      filings with a Governmental Authority, or seek an approval or consent from any Governmental Authority, in each case, other than any such filing with the SEC contemplated by the Registration Rights Agreement;

   

  (xix)         Any material change to the nature or scope of Corebridge’s business
      immediately prior to the Completion of the IPO; or

   

  (xx)         Any material change in any hedging strategy.

   

  (b)          To the extent that AIG is a party to any contract that provides that certain
      actions or inactions of Affiliates of AIG (which, for purposes of such contract, includes any member of the Corebridge Group) may result in AIG being in breach of or in default under such contract and AIG has advised Corebridge of the existence, and
      has furnished Corebridge with copies, of such contracts (or the relevant portions thereof), Corebridge will not take or fail to take, as applicable, and Corebridge will cause the other members of the Corebridge Group not to take or fail to take, as
      applicable, any actions that reasonably could result in AIG being in breach of or in default under any such contract. The parties acknowledge and agree that from time to time AIG may in good faith (and not solely with the intention of imposing
      restrictions on Corebridge pursuant to this covenant) enter into additional contracts or amendments to existing contracts that provide that certain actions or inactions of members of the AIG Group (including, for purposes of this Section 5.1(b),
      members of the Corebridge Group) may result in AIG being in breach of or in default under such contracts. In such event, provided AIG has notified Corebridge of such additional contracts or amendments to existing contracts, Corebridge will not
      thereafter take or fail to take, as applicable, and Corebridge will cause the other members of the Corebridge Group not to take or fail to take, as applicable, any actions that reasonably could result in AIG being in breach of or in default under any
      such additional contracts or amendments to existing contracts. AIG acknowledges and agrees that Corebridge will not be deemed in breach of this Section 5.1(b) to the extent that, prior to being notified by AIG of an additional contract or an
      amendment to an existing contract pursuant to this Section 5.1(b), a member of the Corebridge Group already has taken or failed to take one or more actions that would otherwise constitute a breach of this Section 5.1(b) had such
      action(s) or inaction(s) occurred after such notification, provided, that Corebridge does not, after notification by AIG, take any further action or fail to take any action that contributes further to such breach or default. Corebridge agrees
      that any information provided to it pursuant to this Section 5.1(b) will constitute information that is subject to Corebridge’s obligations under Section 11.6. 

  

  
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  (c)          Until the later of (i) the date when AIG ceases to be required under GAAP to
      consolidate the financial statements of Corebridge with its financial statements and (ii) the Majority Holder Date, AIG shall have the right to approve Corebridge’s business plan and annual budget.

   

  Section 5.2            Implementation. The consent or approval of AIG for any action
      for which AIG has consent or approval rights under this Article V shall be evidenced in writing signed by an AIG Executive Officer. The signature of an AIG Executive Officer who is also an AIG Director on a unanimous written consent by the
      Corebridge Board shall not constitute consent or approval under this Section 5.2.

   

  Article VI

      INFORMATION, DISCLOSURE AND FINANCIAL ACCOUNTING

   

  Section 6.1            Information Rights During Full Consolidation Periods.

   

  (a)           Corebridge agrees that, so long as AIG is required under GAAP to consolidate the
      financial statements of Corebridge with its financial statements, and in any case for all financial periods commencing prior to the Majority Holder Date:

   

  (i)            General Principles. Corebridge shall continue to provide AIG
      with (A) information and data relating to the business and financial results of Corebridge and its Subsidiaries and (B) access to Corebridge’s personnel, data and systems, in each case in the same manner as it does immediately prior to the Completion
      of the IPO and on or prior to any reasonable deadline set by AIG for receipt of such information, data or access;

   

  (ii)           Accounting Systems and Principles. Corebridge shall maintain
      accounting principles, systems and reporting formats that are consistent with AIG’s financial accounting practices in effect as of the Completion of the IPO, and shall thereafter in good faith consider any changes to such principles, systems or
      reporting formats requested by AIG;

   

  (iii)          Controls and Procedures. Corebridge shall, and shall cause each
      of its Subsidiaries, to:

   

  (A)          maintain Disclosure Controls and Procedures;

   

  (B)           maintain Internal Control Over Financial Reporting;

   

  (C)           provide quarterly certifications from its relevant officers and employees
      regarding Disclosure Controls and Procedures and Internal Control Over Financial Reporting, in accordance with AIG’s internal standards; and

   

  (D)           maintain Sign Off Procedures; and 

  

  
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  (iv)         Advance Notice. Corebridge shall inform AIG promptly of any
      events or developments that might reasonably be expected to materially affect Corebridge’s financial results.

   

  (b)          In connection with its provision of information to AIG pursuant to Section 6.1(a)
      hereof, Corebridge may implement reasonable procedures to restrict access to such information to only those Persons who AIG reasonably determines have a need to access such information. For the avoidance of doubt, the provisions of Section 11.6
      hereof shall apply to all information provided to AIG pursuant to Section 6.1(a) hereof.

   

  Section 6.2            Information Rights During Equity Accounting Periods.

   

  (a)          Corebridge agrees that, during the period beginning when Section 6.1
      hereof ceases to apply and ending on the later of (A) AIG being no longer required under GAAP (x) to account in its financial statements for its holdings in Corebridge under an equity method or (y) to consolidate the financial statements of
      Corebridge with its financial statements and (B) the Second Threshold Date, unless AIG shall earlier provide written notice to Corebridge that it is opting-out of this Section 6.2(a), Corebridge shall provide AIG with (i) information and data
      relating to the business and financial results of Corebridge and its Subsidiaries and (ii) access, during usual business hours, to Corebridge’s personnel, data and systems, in each case to the extent that such information, data or access is required
      for AIG to meet its legal, financial or regulatory obligations or requirements (as determined by AIG in its reasonable judgment) and on or prior to any reasonable deadline set by AIG for receipt of such information, data or access.

   

  (b)          Corebridge agrees that, during the period beginning when Section 6.1
      hereof ceases to apply and ending on the later of (A) AIG being no longer required under GAAP (x) to account in its financial statements for its holdings in Corebridge under an equity method or (y) to consolidate the financial statements of
      Corebridge with its financial statements and (B) the Second Threshold Date, Corebridge shall, and shall cause each of its Subsidiaries, to:

   

  (i)            maintain Disclosure Controls and Procedures;

   

  (ii)           maintain Internal Control Over Financial Reporting;

   

  (iii)          provide quarterly certifications from its relevant officers and
      employees regarding Disclosure Controls and Procedures and Internal Control Over Financial Reporting; and

   

  (iv)          maintain Sign Off Procedures.

   

  Section 6.3            General Information Requirements.

   

  (a)          All information provided by Corebridge or any of its Subsidiaries to AIG pursuant
      to Section 6.1 and Section 6.2 shall be in the format and detail as reasonably requested by AIG. All financial statements and information provided by Corebridge or any of its Subsidiaries to AIG pursuant to Section 6.1 and Section 6.2 shall be
      provided under GAAP. Corebridge shall maintain Internal Control Over Financial Reporting in connection with the preparation of financial statements under GAAP. 

  

  
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  (b)          AIG shall provide Corebridge with all software and other applications necessary
      for Corebridge to prepare and submit to AIG the required financial information including software and other applications to reconcile the income, equity and any required balance sheet accounts from Corebridge’s financial statements to the required
      AIG accounting. AIG shall provide Corebridge with at least 30 days’ notice of any change in its administrative practices and policies as they relate to the obligations of Corebridge pursuant to Section 6.3(a), including any change in such
      policies relating to reporting times and delivery methods.

   

  (c)          With respect to any information provided by Corebridge or any of its Subsidiaries
      to AIG that is contained in, or used in the preparation of, any public disclosure of AIG, Corebridge shall not provide any such information that contains an untrue statement of a material fact, or omits to state a material fact necessary to make such
      information not misleading.

   

  Section 6.4            Reporting Coordination Committee.

   

  (a)          To facilitate the coordination of financial reporting, Corebridge and AIG shall
      establish a Reporting Coordination Committee, which shall have a membership that includes (i) the Chief Accounting Officer of Corebridge or his or her designee, (ii) a senior member of the AIG accounting group and (iii) such other members as shall be
      mutually agreed between Corebridge and AIG.

   

  (b)          The Reporting Coordination Committee shall meet at least quarterly to (i) monitor
      the financial reporting protocols between Corebridge and AIG and make recommendations as to any appropriate changes; (ii) determine appropriate reporting deadlines consistent with the public reporting obligations of Corebridge and AIG; and (iii) make
      such other determinations regarding reporting procedures, technologies and personnel as shall be necessary or advisable to facilitate accurate and efficient financial reporting between Corebridge and AIG.

   

  Section 6.5            Matters Concerning Auditors.

   

  (a)          Until the date on which AIG is no longer required under GAAP to consolidate
      Corebridge’s financial statements with its financial statements, AIG shall have full access, during usual business hours, to the Corebridge Auditor and to Corebridge’s internal audit function (through Corebridge’s head of internal audit), including
      access to work papers and the personnel responsible for conducting Corebridge’s quarterly reviews and annual audit, and shall be provided with copies of all material correspondence between Corebridge and the Corebridge Auditor.

   

  (b)          Until the Second Threshold Date, or if later, the date on which AIG is no longer
      required under GAAP to account in its financial statements for its holdings in Corebridge under an equity method:

   

  (i)            Corebridge shall, and shall cause each member of the Corebridge Group
      to, provide AIG with reasonable access to the Corebridge Auditor and to Corebridge’s internal audit function (through Corebridge’s head of internal audit) and shall extend all reasonably requested cooperation with the AIG Auditor in connection with
      AIG’s internal and external audit function as necessary for AIG to fulfill its financial reporting obligations; 

  

  
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  (ii)           Corebridge shall instruct the Corebridge Auditor to perform the work
      requested by the AIG Auditor pursuant to this Agreement and Corebridge shall, and shall cause each member of the Corebridge Group to, use its reasonable best efforts to enable the Corebridge Auditor to comply with the instruction received;

   

  (iii)          upon reasonable notice, Corebridge shall authorize the Corebridge
      Auditor to make available to the AIG Auditor both the personnel responsible for conducting Corebridge’s quarterly reviews and annual audit and, consistent with customary professional practice and courtesy of such auditors with respect to the
      furnishing of work papers, work papers related to the quarterly review or annual audit of Corebridge, in all cases within a reasonable time after the Corebridge Auditor’s opinion date, so that the AIG Auditor is able to perform the procedures it
      considers necessary to take responsibility for the work of the Corebridge Auditor as it relates to the AIG Auditor’s report on AIG’s financial statements, all within sufficient time to enable AIG to meet its timetable for the printing, filing and
      public dissemination of its financial statements; and

   

  (iv)          subject to Applicable Law (including Rule 10A-3 under the Exchange
      Act), Corebridge shall not change the Corebridge Auditor without the approval of AIG.

   

  (c)          Neither AIG nor any member of the Corebridge Group shall take any action that
      would cause either the Corebridge Auditor or the AIG Auditor, respectively, not to be independent with respect to Corebridge or AIG.

   

  Section 6.6            Release of Information and Public Filings.

   

  (a)          Until the Second Threshold Date:

   

  (i)            Corebridge shall, and shall cause each member of the Corebridge Group
      to, coordinate with AIG with respect to the public release of any material information relating to Corebridge or any other member of the Corebridge Group, as applicable. Corebridge shall, and shall cause each member of the Corebridge Group to, to the
      extent practicable, provide AIG with a copy of any such proposed public release no later than two Business Days prior to publication, and shall consider in good faith incorporating any comments provided thereon by AIG prior to such publication;

   

  (ii)           Corebridge and AIG shall consult on the timing of their annual and
      quarterly earnings releases and, to the extent practicable, each Party shall give the other Party an opportunity to review the information therein relating to the Corebridge Group and to comment thereon. In the event that Corebridge or any member of
      the Corebridge Group is required by Applicable Law to publicly release information concerning Corebridge’s or such member of the Corebridge Group’s financial information for a period for which AIG has yet to publicly release financial information,
      Corebridge shall, or cause such member of the Corebridge Group to, provide AIG notice of such release of such information as soon as practicable prior to such release of such information; and 

  

  
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  (iii)          each of AIG and Corebridge shall (and Corebridge shall cause each
      member of the Corebridge Group to) take reasonable steps to cooperate with each other in connection with the preparation, printing, filing, and public dissemination of their respective annual and quarterly statutory statements, their respective
      audited annual financial statements, their respective annual reports to stockholders, their respective annual, quarterly and current reports under the Securities Act and the Exchange Act, any prospectuses and other filings made with the SEC, AMF or
      ACPR, federal or state insurance requirements or any other required regulatory filings.

   

  (b)          Until the Majority Holder Date:

   

  (i)            AIG shall have the rights with respect to all public communications
      and filings by Corebridge set forth in Schedule 6.6(b) hereto; provided, however, that such rights shall not apply to the extent that they would prevent Corebridge from complying with its disclosure or other obligations under
      Applicable Law.

   

  Section 6.7            Information in Connection with Regulatory or Supervisory
        Requirements.

   

  (a)           During any period in which AIG is or may be deemed to control Corebridge for
      federal, state or foreign regulatory purposes, and in any case at all times prior to the Third Threshold Date:

   

  (i)            Corebridge shall:

   

  (A)          provide, as promptly as reasonably possible but in any case within three
      business days of any request from AIG (unless not reasonably available within such time, in which case as soon as possible thereafter), any information, records or documents (x) requested or demanded by any Governmental Authority having or purporting
      to have jurisdiction or oversight authority over AIG or any of its Subsidiaries or (y) deemed necessary or advisable by AIG in connection with any filing, report, response or communication made by AIG or its Subsidiaries with or to a Governmental
      Authority having or purporting to have jurisdiction or oversight authority over AIG or any of its Subsidiaries (whether made pursuant to specific request from such authority or in the ordinary course); and

   

  (B)           upon reasonable notice, promptly provide access to AIG or any
      Governmental Authority to its offices, employees and management in a reasonable manner when (x) requested or demanded by any Governmental Authority having or purporting to have jurisdiction or oversight authority over AIG or any of its Subsidiaries
      or (y) deemed necessary or advisable by AIG in connection with any filing, report, response or communication made by AIG or its Subsidiaries with or to a Governmental Authority having or purporting to have jurisdiction or oversight authority over AIG
      or any of its Subsidiaries (whether made pursuant to specific request from such authority or in the ordinary course); and 

  

  
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  (ii)           AIG shall provide, as promptly as reasonably possible but in any case
      within three business days of any request from Corebridge (unless not reasonably available within such time, in which case as soon as possible thereafter), any information, records or documents (A) requested or demanded by any Governmental Authority
      having or purporting to have jurisdiction or oversight authority over Corebridge or any of its Subsidiaries or (B) deemed necessary or advisable by Corebridge in connection with any filing, report, response or communication by Corebridge or its
      Subsidiaries with or to a Governmental Authority having or purporting to have jurisdiction or oversight authority over Corebridge or any of its Subsidiaries (whether made pursuant to specific request from such authority or in the ordinary course).

   

  (b)          Each of AIG and Corebridge shall use reasonable efforts to keep the other Party
      informed of the type of information it expects to require on a regular basis in order to meet its reporting or filing obligations with the authorities referred to in Section 6.7(a) above, and the timing of such requirements therefor provided,
      however, that no failure to abide by this Section 6.7(b) shall affect the validity of any demand made pursuant to Section 6.7(a).

   

  Section 6.8            Implementation with Respect to Legal Disclosures.

   

  (a)          All requests for information or documents relating to legal or regulatory matters
      under Sections, 6.1, 6.2, 6.7(a)(i), 8.3 or 8.4 shall be made solely to the office of the General Counsel of Corebridge, and all responses thereunder shall be made solely to the office of the General Counsel of
      AIG. For the avoidance of doubt, such information or documents contained in databases, reports or systems of Corebridge to which AIG has unrestricted access prior to the date hereof may be redacted by Corebridge or its representatives, or access to
      the relevant databases, reports or systems may be restricted or denied to AIG or its representatives, to the extent necessary so that such information and documents are handled in accordance with this Section 6.8, including Section 6.8(c).

   

  (b)          All requests for information or documents under Section 6.7(a)(ii), Section

        8.3 or Section 8.4 shall be made solely to the office of the General Counsel of AIG, and all responses thereunder shall be made solely to the office of the General Counsel of Corebridge. For the avoidance of doubt, such information or
      documents contained in databases, reports or systems of AIG to which Corebridge has unrestricted access prior to the date of this Agreement may be redacted by AIG or its representatives, or access to the relevant databases, reports or systems may be
      restricted or denied to Corebridge or its representatives, to the extent necessary so that such information and documents are handled in accordance with this Section 6.8, including Section 6.8(c).

   

  (c)          Both Parties agree that compliance with Sections ‎6.26.1, 6.2, 6.7, 8.3, ‎8.4
      and Article 9 will not prejudice any privilege or protection from disclosure that either Party may have, including the attorney-client privilege and work product protection, which are expressly reserved. If the Party required to deliver the
      information or documents pursuant to this Section 6.8 (the “Information Party”) believes in good faith, based upon legal advice (from internal or external counsel), that the delivery of any information or documents pursuant to this
      Agreement would cause the loss of any applicable privilege or protection from disclosure (or create a risk of such loss), then both parties will work in good faith to determine an alternate means of delivering the requested information or documents,
      or the substance thereof, that does not result in the loss of such privilege or protection from disclosure. If needed to preserve a privilege or protection from disclosure, Corebridge and AIG agree to enter into a common interest agreement, in
      substantially the form attached hereto as Annex A, (a “Common Interest Agreement”) in advance of, and as a condition to, such delivery. Notwithstanding the foregoing, if no alternate means can be agreed by the parties and external
      counsel to the Information Party informs the other Party in writing that a common interest cannot be established, or with sufficient confidence be asserted, to preserve the privilege or protection from disclosure with respect to the information or
      documents in question, even if a Common Interest Agreement were to be entered into, or that for any other reason the information or documents cannot be delivered without loss of the privilege or protection from disclosure (such counsel to explain the
      reasons for its conclusion briefly but in reasonable detail so that the other Party can review the legal analysis with its own counsel), then the Information Party is excused from providing such information or documents but only to the extent and for
      the time necessary to preserve the privilege or protection being asserted. 

  

  
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  Section 6.9            Expenses. Corebridge shall be responsible for any expenses it
      incurs in connection with the fulfillment of its obligations under this Article VI, except (i) out-of-pocket expenses incurred with respect to specific requests by AIG for information, documents or access, in excess of amounts historically
      incurred by Corebridge for the provisions of similar information, documents and access; (ii) to the extent expressly agreed between AIG and Corebridge prior to the incurrence of any specific expenses; and (iii) any incremental out-of-pocket expense
      incurred in connection with the acquisition of the software and applications referred to in Section 6.3(b) hereof (in excess of expenses that would otherwise be incurred by Corebridge in the absence of such section). AIG shall be responsible
      for any expenses it incurs in connection with the fulfillment of its obligations under this Article VI, except (i) out-of-pocket expenses incurred with respect to specific requests by Corebridge for information, documents or access, in each case in
      excess of amounts historically incurred by AIG for the provisions of similar information, documents and access, and (ii) as expressly agreed between Corebridge and AIG prior to the incurrence of any specific expenses.

   

  Article VII

      SUBSEQUENT SALES OF COMMON STOCK

   

  Section 7.1            Registration Rights. The Parties shall execute and deliver,
      concurrently with the execution and delivery of this Agreement, the Registration Rights Agreement.

   

  Section 7.2            Equity Purchase Rights.

   

  (a)          As soon as practicable after determining to issue any shares of Common Stock or
      securities convertible or exchangeable for Common Stock (“Purchase Right Shares”), but in any event no fewer than ten Business Days prior to entering into a binding agreement to issue Purchase Right Shares to any person other than AIG or its
      Subsidiaries (a “Purchase Right Transaction”), Corebridge shall, in writing, offer, subject to consummation of the Purchase Right Transaction, to sell to AIG (which offer may be assigned by AIG to a Subsidiary of AIG) the Purchase Right Share
      Amount at the Purchase Right Share Price. Corebridge shall describe the proposed Purchase Right Transaction in reasonable detail in such written offer, including the range of prices (which may be expressed in terms of discount and / or premium to the
      trading price of Common Stock at the time Corebridge enters into a binding agreement to issue Purchase Right shares or consummates the Purchase Right Transaction) within which Corebridge reasonably expects to sell Purchase Right Shares in the
      Purchase Right Transaction. 

  

  
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  (b)          For purposes of this Section 7.2, the “Purchase Right Share Price”
      shall be the lowest purchase price (which need not be determined until the time at which Corebridge enters into definitive documentation with respect to the Purchase Right Transaction), if any, to be paid by the transferee(s) of Purchase Right
      Shares; and the “Purchase Right Share Amount” shall be that number of the Purchase Right Shares as is equal to the amount obtained by multiplying the total number of Purchase Right Shares by a fraction (the “AIG Share Fraction”), the
      numerator of which is the number of shares of Common Stock beneficially owned by AIG, and the denominator of which is the total number of shares of Common Stock outstanding, in each case as of the time that Corebridge makes the offer to AIG pursuant
      to Section 7.2(a).

   

  (c)          If the offer referred to in Section 7.2(a) is irrevocably accepted
      (subject only to required regulatory approvals, if any) in writing within five Business Days after such offer is delivered to AIG, then, only in the event that the Purchase Right Transaction is consummated and the price per Purchase Right Share falls
      within the price range set forth in the written offer delivered to AIG in accordance with Section 7.2(a), Corebridge shall sell to AIG (or its Subsidiary, as the case may be), and AIG (or its Subsidiary, as the case may be) shall purchase
      from Corebridge, that number of Purchase Right Shares as is equal to the Purchase Right Share Amount, at the Purchase Right Share Price. If Corebridge determines in good faith that it must consummate the Purchase Right Transaction prior to any
      regulatory approvals necessary for the sale of Purchase Right Shares to AIG (or its Subsidiary, as applicable) having been obtained, Corebridge shall notify AIG in writing of such determination and shall then be free to consummate the Purchase Right
      Transaction prior to consummating the sale of Purchase Right Shares to AIG (or its Subsidiary, as applicable); provided, however, that in such event Corebridge and AIG (or its Subsidiary, as applicable) shall consummate the sale of Purchase Right
      Shares as promptly as practicable after all required regulatory approvals have been obtained; and provided, further, that the Purchase Right Share Amount shall be increased, as necessary, so that the AIG Share Fraction, if it were to be calculated
      immediately following such consummation, would be equal to the AIG Share Fraction as calculated at the time of the offer made pursuant to Section 7.2(a). The obligation of Corebridge to sell, and AIG (or its Subsidiary, as applicable) to
      purchase such Purchase Right Shares shall terminate if all such required regulatory approvals shall not have been obtained by the 120th day following the closing of the Purchase Right Transaction.

   

  (d)          If the offer referred to in Section 7.2(a) is not irrevocably accepted
      (subject only to required regulatory approvals, if any) in writing within five Business Days after such offer is delivered to AIG, Corebridge will be free to consummate the Purchase Right Transaction described in the written offer delivered to AIG in
      accordance with Section 7.2(a), within the price range described in such written offer, without selling any Purchase Right Shares to AIG or its Subsidiaries. Corebridge shall not consummate any Purchase Right Transaction other than (i) a
      Purchase Right Transaction described in the previous sentence or (ii) a Purchase Right Transaction described in Section 7.2(c) that is consummated within the price range described in a written offer to AIG in accordance with Section 7.2(a).
      In addition, without limiting the foregoing, in the event that Corebridge does not enter into a binding agreement to issue Purchase Right Shares on or prior to the ninetieth (90th) day following the delivery of the offer referred to in Section 7.2(a),
      Corebridge shall be required to again comply with the provisions of this Section 7.2 prior to entering into any Purchase Right Transaction. For the avoidance of doubt, nothing in this Section 7.2 shall affect the approval rights of
      AIG contained in Section 5.1. 

  

  
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  (e)          The purchase and sale of any Purchase Right Shares pursuant to this Section 7.2
      shall take place concurrently with the closing of the Purchase Right Transaction, or, if a concurrent closing is not practicable, as promptly as practicable thereafter. At the time of purchase, Corebridge shall deliver to AIG (or its Subsidiary, as
      the case may be) certificates or other evidence of ownership registered in the name of AIG (or its Subsidiary, as the case may be) representing the Purchase Right Shares purchased, and AIG (or its Subsidiary, as the case may be) shall transfer to
      Corebridge the purchase price therefor in United States dollars by bank check or wire transfer of immediately available funds, as specified by Corebridge, to an account designated by Corebridge not less than five Business Days prior to the date of
      purchase.

   

  (f)           Corebridge and AIG each agree to use all commercially reasonable efforts to
      obtain any regulatory, stock exchange, or other approval required for any purchase of Purchase Right Shares by AIG (or its designated Subsidiary) pursuant to this Section 7.2.

   

  (g)          Notwithstanding the foregoing, the provisions of paragraphs (a) to (f) of this Section 7.2
      shall not apply to Purchase Right Shares issued:

   

  (i)           as consideration for mergers, acqusitions and exchange offers;

   

  (ii)          as Equity Awards; or

   

  (iii)         at any time after the Second Threshold Date.

   

  Section 7.3            Lock-Up Provisions.

   

  (a)          In connection with any underwritten offering of Common Stock (whether or not
      pursuant to the Registration Rights Agreement), Corebridge shall, and shall cause the Executive Officers and Directors to, and, prior to the Third Threshold Date, AIG shall, agree with the underwriters in any such offering to a lock-up period of up
      to 90 days (or such shorter period as may be agreed to by the managing underwriter(s)), subject to customary carve-outs.

   

  (b)          Notwithstanding Section 7.2(a) hereof, AIG shall not be obligated to agree
      to any lock-up period during which it would be prevented from selling all or any portion of its Common Stock in privately negotiated transactions that are not executed through the facilities of a securities exchange. 

  

  
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  Article VIII

      OTHER PROVISIONS

   

  Section 8.1            Related Party Transaction Policy.

   

  (a)          Subject to the terms of the Corebridge Financial, Inc. Related Party Transaction
      Policy as approved by the Corebridge Board prior to the date of this Agreement, the review and approval of the audit committee of the Corebridge Board shall be required prior to Corebridge entering into:

   

  (i)            any transaction that would be reportable by Corebridge pursuant to
      Item 404(a) of Regulation S-K in Corebridge’s subsequent Annual Report on Form 10-K; and

   

  (ii)           any material amendment to this Agreement or the Ancillary Agreements.

   

  (b)          No Director on the audit committee of the Corebridge Board who has a material
      interest in a transaction referred to in Section 8.1(a) shall be eligible to consider such transaction.

   

  Section 8.2            Certain Policies and Procedures.

   

  (a)          Until the Majority Holder Date, the Corebridge Board shall, when determining to
      implement, amend or rescind any policy of Corebridge or any of its Subsidiaries relating to risk, capital, investment, environmental and social responsibility or regulatory compliance (each, a “Critical Policy”), take into account Corebridge’s
      status as a consolidated Subsidiary of AIG, and take into account the interests of AIG therein;

   

  (b)          Until the Majority Holder Date, the Corebridge Board shall cause Corebridge to
      comply with the policies of AIG that apply to Corebridge in its capacity as a Subsidiary of AIG and that are or have been provided to Corebridge by AIG;

   

  (c)          During any period in which AIG is deemed to control Corebridge for federal, state
      or foreign regulatory purposes, and in any case at all times prior to the Third Threshold Date, Corebridge:

   

  (i)            shall not adopt or implement any policies or procedures, and at AIG’s
      reasonable request, shall refrain from taking any actions, that would cause AIG to violate any Applicable Law to which AIG is subject;

   

  (ii)           shall, prior to implementing, amending or rescinding any Critical
      Policy, consult with AIG (through one or more AIG Directors, if any shall be in office at such time, or else through the General Counsel of AIG); and, to the extent consistent with its fiduciary duties, the Corebridge Board shall take into account
      the reasonable interests of AIG with respect thereto; and 

  

  
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  (iii)          shall maintain and observe the policies of AIG to the extent necessary
      for AIG to comply with its legal and regulatory obligations;

   

  provided that this Section 8.2(c) shall not require Corebridge to take any action (including
      adopting or implementing any policy) or refrain from taking any action where such action or inaction would cause Corebridge to violate Applicable Law.

   

  Section 8.3            Access to Personnel and Data.

   

  (a)          In addition to the specific rights of AIG set forth elsewhere in this Agreement,
      until the Majority Holder Date and subject to Section 6.8 hereof:

   

  (i)            Corebridge shall continue to provide representatives of AIG with
      reasonable access to Corebridge’s personnel (including senior-level management and other employees) and data, in a manner consistent with the status of Corebridge as a consolidated Subsidiary of AIG; provided that AIG shall comply with
      Corebridge’s reasonable data privacy and data security policies and procedures with respect to any personally identifiable information received; and

   

  (ii)           AIG shall continue to provide representatives of Corebridge with
      reasonable access to AIG’s personnel (including senior-level management and other employees) and data, in a manner consistent with the status of AIG as the corporate parent of Corebridge; provided that Corebridge shall comply with the AIG’s
      reasonable data privacy and data security policies and procedures with respect to any personally identifiable information received.

   

  (b)          Until the Majority Holder Date, the provisions of Annex B-1 (Data Protection
        Addendum 1) shall apply, and the Parties shall comply with the terms and conditions set forth therein. From and after the Majority Holder Date, the provisions of Annex B-2 (Data Protection Addendum 2) shall apply, and the Parties shall
      comply with the terms and conditions set forth therein.

   

  (c)          In the event that, after the Separation
        Time, a Party reasonably requires the participation of directors, officers or employees (the “Representatives”) of, or information from, the other Party to aid in the defense or prosecution of any Action or internal investigation (and, for
        clarity, excluding any such Action involving claims asserted by a Party against the other Party or any members of its Group or in which the Parties or members of their respective Groups otherwise would reasonably be expected to be adverse to one
        another or have a conflict of interest), so long as there exists no unwaived conflict of interest between the Parties, each of the Parties shall reasonably promptly make such Representatives and information reasonably available to participate in
        such defense or prosecution, including (i) to assist in the development of factual or legal positions or (ii) to serve as a deposition and/or trial witness in such Action.  The Party requiring the participation of such Representatives shall pay all
        reasonable out-of-pocket costs, charges and expenses arising from such participation (but shall not be responsible to reimburse the other Party for the time spent by its Representatives in such cooperation or the salaries or costs of fringe
        benefits or similar expenses paid by the Party providing such cooperation to its Representatives while assisting in the defense or prosecution of any such Action or internal investigation).  Notwithstanding the foregoing, the obligations of the
        Parties set forth in this Section 8.3(c) are subject to Section 6.8(c), which shall apply to this (c), mutatis mutandis. 

  

  
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  Section 8.4            Access to Historical Records.

   

  (a)          For a period of two years following the Second Threshold Date, subject to an
      extension of up to ten years upon the demonstration of a legal (including litigation with third parties (and, for clarity, excluding any Action involving claims asserted by a Party against the other Party or any
        members of its Group or in which the Parties or members of their respective Groups otherwise would reasonably be expected to be adverse to one another or have a conflict of interest)), tax, regulatory, human resources, internal audit or
      other reasonable requirement for such extension by the requesting Party, AIG and Corebridge shall retain the right to access such records of the other which exist resulting from AIG’s control or ownership of all or a portion of Corebridge (in the
      case of Corebridge’s right to such access, to the extent relating to the Corebridge Business, required by law or regulation or otherwise for a bona fide and reasonable business purpose (including litigation with third parties (and, for clarity, excluding any Action involving claims asserted by a Party against the other Party or any members of its Group or in which the Parties or members of their respective Groups otherwise would reasonably be expected to be
        adverse to one another or have a conflict of interest))).

   

  (b)          Upon reasonable notice and at each Party’s own expense, AIG (and its authorized
      representatives) and Corebridge (and its authorized representatives) shall be afforded access to such records at reasonable times and during normal business hours and each Party (and its authorized representatives) shall be permitted, at its own
      expense, to make abstracts from, or copies of, any such records; provided that access to such records may be denied if (i) AIG or Corebridge, as the case may be, cannot demonstrate a legitimate business need for such access to the records;
      (ii) the information contained in the records is subject to any applicable confidentiality commitment to a third party; (iii) a bona fide competitive reason exists to deny such access; (iv) the records are to be used for the initiation of, or
      as part of, a suit or claim against the other Party; or (v) such access would unreasonably disrupt the normal operations of AIG or Corebridge, as the case may be. In addition, the obligations of the Parties set forth in this Section 8.4 are subject
      to Section 6.8(c) which shall apply to this Section 8.4, mutatis mutandis. 

  

  
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  Section 8.5            Indemnification. Until at least the day after the last date on
      which an AIG Individual or the Blackstone Director is a Director, officer or employee of Corebridge, Corebridge shall grant indemnification (including advancement of expenses) to each such Director, officer and employee of Corebridge to the greatest
      extent permitted under Section 145 of the General Corporation Law of the State of Delaware and other Applicable Law, as may be amended from time to time. Such indemnification and advancement shall continue as to any Blackstone Director and AIG
      Individual (i) who becomes entitled to indemnification or advancement on or prior to such date, notwithstanding any change (except those changes made as required by applicable law) in Corebridge’s indemnification or advancement policies following
      such date, and (ii) with respect to liabilities existing or arising from events that have occurred on or prior to such date, notwithstanding such Blackstone Director or AIG Individual’s ceasing to be a Director, officer or employee of Corebridge.

   

  Section 8.6            Insurance Matters.

   

  (a)          AIG and Corebridge agree to use commercially reasonable efforts and cooperate in
      good faith to provide for an orderly transition of insurance coverage from the date hereof through the Majority Holder Date as set forth on Schedule 8.6. In no event shall AIG, any other member of the AIG Group or any AIG Indemnitee have
      Liability or obligation whatsoever to any member of the Corebridge Group in the event that any insurance policy or insurance policy related contract shall be terminated or otherwise cease to be in effect for any reason, shall be unavailable or
      inadequate to cover any Liability of any member of the Corebridge Group for any reason whatsoever or shall not be renewed or extended beyond the current expiration date.

   

  (b)          With respect to each AIG Policy in place as of the date of this Agreement, until
      the earliest of (x) the date Corebridge has obtained in effect such insurance policies as meet the specifications set forth in Section 8.6(d), (y) the Majority Holder Date or (z) other than with respect to insurance policies providing coverage for
      director and officer liability (for which this clause (z) shall not apply), April 30, 2023 (or such other date as may be agreed by the Parties after the date hereof) (the “Insurance Termination Time”), AIG shall (i) cause the members of the
      Corebridge Group and their respective employees, officers and directors to continue to be covered as insured parties under such Policy, in each case to the extent such Person is covered as an insured party thereunder as of the date hereof, and (ii)
      permit the members of the Corebridge Group and their respective employees, officers and directors to submit claims arising from or relating to facts, circumstances, events or matters that occurred prior to the Insurance Termination Time, to the
      extent permitted by such Policy; provided, that Corebridge is in compliance with its obligations set forth in Section 8.6(a). Without limiting any of the rights or obligations of the parties pursuant to this Section 8.6, AIG
      and Corebridge acknowledge that, as of immediately prior to the Insurance Termination Time, AIG intends to take such action as it may deem necessary or desirable to remove the members of the Corebridge Group and their respective employees, officers
      and directors as insured parties under any policy of insurance issued to any AIG Policy.

   

  (c)          From and after the Separation Time, with respect to any losses, damages and
      Liability incurred by any member of the Corebridge Group in respect of facts, circumstances, events or matters that occurred prior to the Insurance Termination Time, AIG will provide Corebridge with access to, and Corebridge may make claims under,
      each AIG Policy in place prior to the Insurance Termination Time (and any applicable extended reporting period if such Policy is a claims made policy), but solely to the extent that such Policy provided coverage for members of the Corebridge Group or
      the Corebridge Business prior to the applicable Insurance Termination Time; provided, that such access to, and the right to make claims under, such Policy shall be subject to the terms, conditions and exclusions of such Policy, including but
      not limited to any limits on coverage or scope, any deductibles, self-insured retentions, collateral and other fees and expenses, and shall be subject to the following additional conditions: 

  

  
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  (i)            Corebridge shall notify AIG, as promptly as practicable, of any claim
      made by Corebridge pursuant to this Section 8.6(c) by contacting AIG’s Director of Corporate Insurance in writing in the manner set forth on Schedule 8.6(c)(i), with details as to the nature, facts and circumstances of such claim. Corebridge shall
      designate a Corebridge employee as the contact for each such claim who will help ensure that Corebridge satisfies it obligations set forth in this Section 8.6;

   

  (ii)           Corebridge and the members of the Corebridge Group shall indemnify,
      hold harmless and reimburse AIG and the members of the AIG Group for any deductibles, self-insured retention, collateral, fees, indemnity payments, settlements, judgments, legal fees, allocated claims expenses and claim handling fees, and other
      expenses incurred by AIG or any members of the AIG Group to the extent resulting from any access to, or any claims made by Corebridge or any other members of the Corebridge Group under, any insurance provided pursuant to this Section 8.6(c),
      whether such claims are made by Corebridge, its employees or third Persons; and

   

  (iii)          Corebridge shall exclusively bear (and neither AIG nor any members of
      the AIG Group shall have any obligation to repay or reimburse Corebridge or any member of the Corebridge Group for) and shall be liable for all excluded, uninsured, uncovered, unavailable or uncollectible amounts of all such claims made by Corebridge
      or any member of the Corebridge Group under the Policies as provided for in this Section 8.6(c). In the event an insurance policy aggregate is exhausted, or believed likely to be exhausted, due to noticed claims, the Corebridge Group, on the
      one hand, the AIG Group, on the other hand, shall be responsible for their pro rata portion of the reinstatement premium, if any, based upon the losses of such Group submitted to the applicable insurance carrier(s) (including any submissions prior to
      the applicable Insurance Termination Time). To the extent that the AIG Group or the Corebridge Group is allocated more than its pro rata portion of such premium due to the timing of losses submitted to AIG’s insurance carrier(s), the other Party
      shall promptly pay the first Party an amount such that each Group has been properly allocated its pro rata portion of the reinstatement premium. Subject to the following sentence, a Party may elect not to reinstate the policy aggregate. In the event
      that a Party elects not to reinstate the policy aggregate, it shall provide prompt written notice to the other Party. A Party which elects to reinstate the policy aggregate shall be responsible for all reinstatement premiums and other costs
      associated with such reinstatement.

   

  In the event that any member of the AIG Group incurs any losses, damages or Liability prior to
      or in respect of the period prior to the Separation Time for which such member of the AIG Group is entitled to coverage under Corebridge’s third-party Policies, the same process pursuant to this Section 8.6(c) shall apply, substituting “AIG”
      for “Corebridge” and “Corebridge” for “AIG,” including for purposes of the first sentence of Section 8.6(f). 

  

  
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  (d)          Except as provided in Section 8.6(c), from and after the applicable
      Insurance Termination Time, neither Corebridge nor any member of the Corebridge Group shall have any rights to or under any Policy of AIG or any other member of the AIG Group. At the applicable Insurance Termination Time, Corebridge shall have in
      effect all insurance programs required to comply with Corebridge’s contractual obligations and such other Policies required by Applicable Law or as reasonably necessary or appropriate for companies operating a business similar to Corebridge’s
      business.

   

  (e)          Neither Corebridge nor any member of the Corebridge Group, in connection with
      making a claim under any insurance policy of AIG or any member of the AIG Group pursuant to this Section 8.6, shall take any action that would be reasonably likely to (i) have a material and adverse impact on the then-current relationship
      between AIG or any member of the AIG Group, on the one hand, and the applicable insurance company, broker or third-party claims administrator, on the other hand; (ii) result in the applicable insurance company terminating or materially reducing
      coverage, or materially increasing the amount of any premium owed by AIG or any member of the AIG Group under the applicable insurance policy; or (iii) otherwise compromise, jeopardize or interfere in any material respect with the rights of AIG or
      any member of the AIG Group under the applicable insurance policy, it being understood that the good faith submission of a claim under an insurance policy in accordance with the insurance policy’s terms and conditions will not be deemed to be a
      breach of this Section 8.6(e).

   

  (f)           All payments and reimbursements by Corebridge pursuant to this Section 8.6
      will be made within forty-five (45) days after Corebridge’s receipt of an invoice therefor from AIG, unless otherwise agreed in writing by the Parties. If AIG incurs costs to enforce Corebridge’s obligations herein, Corebridge agrees to indemnify and
      hold harmless AIG for such enforcement costs, including reasonable attorneys’ fees, pursuant to Section 9.6(b). AIG shall retain the exclusive right to control its Policies and programs, including the right to exhaust, settle, release,
      commute, buy-back or otherwise resolve disputes with respect to any of its Policies and programs and to amend, modify or waive any rights under any such Policies and programs, notwithstanding whether any such Policies or programs apply to any
      Corebridge Liabilities and/or claims Corebridge has made or could make in the future, and no member of the Corebridge Group shall erode, exhaust, settle, release, commute, buyback or otherwise resolve disputes with AIG’s insurers with respect to any
      of AIG’s Policies and programs, or amend, modify or waive any rights under any such Policies and programs. Corebridge shall cooperate with AIG and share such information as is reasonably necessary in order to permit AIG to manage and conduct its
      insurance matters as AIG deems appropriate. Neither AIG nor any member of the AIG Group shall have any obligation any member of the Corebridge Group to secure extended reporting for any claims under any Policies of AIG or any member of the AIG Group.
      For the avoidance of doubt, each Party and any member of its applicable Group has the sole right to settle or otherwise resolve third party claims made against it or any member of its applicable Group covered under an applicable insurance Policy.

   

  (g)          This Agreement shall not be considered as an attempted assignment of any policy of
      insurance or as a contract of insurance and shall not be construed to waive any right or remedy of any member of the AIG Group in respect of any insurance policy or any other contract or policy of insurance 

  

  
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  (h)          Corebridge does hereby, for itself and each other member of the Corebridge Group,
      agree that no member of the AIG Group shall have any Liability whatsoever as a result of the Policies and practices of AIG and the members of the AIG Group as in effect at any time, including as a result of the level or scope of any such insurance,
      the creditworthiness of any insurance carrier, the terms and conditions of any policy, or the adequacy or timeliness of any notice to any insurance carrier with respect to any claim or potential claim or otherwise.

   

  Section 8.7            Non-Solicitation. Until the earlier of (i) one year after the
      date of this Agreement and (ii) the Second Threshold Date, except as otherwise agreed by the Parties, neither Party nor any of its respective Affiliates shall solicit for employment any then-current employee at Grade Level 26 (or any equivalent
      successor level) or above of the other Party or any of such other Party’s Affiliates, or hire any such employee; provided that this Section 8.7 will not prohibit either Party or its respective Affiliates from (a) making general
      solicitations for employment not specifically directed at employees of the other Party or the other Party’s Affiliates and hiring any person who responds solely as a result of such general solicitations, (b) soliciting for employment or hiring any
      person referred to such Party or such Affiliate by a recruiter or search firm who has not been engaged for the purpose of specifically recruiting, or given instructions to specifically recruit, such person or employees of the other Party or its
      Affiliates, or (c) soliciting or employing any such person who has ceased to be employed by the other Party or any of its Affiliates for a period of at least six months.

   

  Article IX

      MUTUAL RELEASES; INDEMNIFICATION

   

  Section 9.1            Mutual Releases.

   

  (a)          Corebridge Release of AIG. Except as provided in Section 9.1(d)
      and Section 9.1(e), effective as of the Separation Time, Corebridge does hereby, for itself and each other member of the Corebridge Group, and their respective successors and assigns, and, to the extent permitted by Applicable Law, all
      Persons who at any time prior to the Separation Time have been stockholders, directors, officers, agents or employees of any member of the Corebridge Group (in each case, in their respective capacities as such), remise, release and forever discharge
      (i) AIG and the members of the AIG Group, and their respective successors and assigns, (ii) all Persons who at any time prior to the Separation Time have been stockholders, directors, officers, agents or employees of any member of the AIG Group (in
      each case, in their respective capacities as such), and their respective heirs, executors, administrators, successors and assigns, and (iii) all Persons who at any time prior to the Separation Time are or have been stockholders, directors, officers,
      agents or employees of a Transferred Entity and who are not, as of immediately following the Separation Time, directors, officers or employees of Corebridge or a member of the Corebridge Group, in each case from: (A) all Corebridge Liabilities,
      (B) all Liabilities arising from or in connection with the transactions and all other activities to implement the Separation and the IPO (for the avoidance of doubt this clause (B) shall not limit or affect indemnification obligations of the Parties
      set forth in this Agreement or any Ancillary Agreement) and (C) all Liabilities arising from or in connection with actions, inactions, events, omissions, conditions, facts or circumstances occurring or existing prior to the Separation Time (whether
      or not such Liabilities cease being contingent, mature, become known, are asserted or foreseen, or accrue, in each case before, at or after the Separation Time), in each case to the extent relating to, arising out of or resulting from the Corebridge
      Business, the Corebridge Assets or the Corebridge Liabilities. 

  

  
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  (b)          AIG Release of Corebridge. Except as provided in Section 9.1(d)
      and Section 9.1(e), effective as of the Separation Time, AIG does hereby, for itself and each other member of the AIG Group and their respective successors and assigns, and, to the extent permitted by Applicable Law, all Persons who at any
      time prior to the Separation Time have been stockholders, directors, officers, agents or employees of any member of the AIG Group (in each case, in their respective capacities as such), remise, release and forever discharge (i) Corebridge and the
      members of the Corebridge Group and their respective successors and assigns, and (ii) all Persons who at any time prior to the Separation Time have been stockholders, directors, officers, agents or employees of any member of the Corebridge Group (in
      each case, in their respective capacities as such), and their respective heirs, executors, administrators, successors and assigns, from (A) all AIG Liabilities, (B) all Liabilities arising from or in connection with the transactions and all other
      activities to implement the Separation and the IPO (for the avoidance of doubt this clause (B) shall not limit or affect indemnification obligations of the Parties set forth in this Agreement or any Ancillary Agreement) and (C) all Liabilities
      arising from or in connection with actions, inactions, events, omissions, conditions, facts or circumstances occurring or existing prior to the Separation Time (whether or not such Liabilities cease being contingent, mature, become known, are
      asserted or foreseen, or accrue, in each case before, at or after the Separation Time), in each case to the extent relating to, arising out of or resulting from the AIG Business, the AIG Assets or the AIG Liabilities.

   

  (c)          Acknowledgment of Unknown Losses or Claims. The Parties expressly
      understand and acknowledge that it is possible that unknown losses or claims exist or might come to exist or that present losses may have been underestimated in amount, severity or both. Accordingly, the Parties are deemed expressly to understand
      provisions and principles of law such as Section 1542 of the Civil Code of the State of California (“Section 1542”) (as well as any and all provisions, rights and benefits conferred by any law of any state or territory of the United States, or
      principle of common law, which is similar or comparable to Section 1542), which provides: A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH
      IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR. The Parties are hereby deemed to agree that the provisions of Section 1542 and all similar federal or state laws, rights, rules, or legal principles of
      California or any other jurisdiction that may be applicable herein, are hereby knowingly and voluntarily waived and relinquished with respect to the releases in Section 9.1(a) and Section 9.1(b). 

  

  
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  (d)          Obligations Not Affected. Nothing contained in Section 9.1(a) and
      9.1(b) shall impair any right of any Person to enforce this Agreement, any Ancillary Agreement or any agreements, arrangements, commitments or understandings between Corebridge and each member of the Corebridge Group, on the one hand, and AIG
      and each member of the AIG Group, on the other hand (other than the Terminated Intercompany Agreements) or the applicable Schedules thereto as not to terminate as of the Separation Time, in each case in accordance with its terms. Nothing contained in
      Section 9.1(a) and 9.1(b) shall release any Person from:

   

  (i)            any Liability, contingent or otherwise, assumed, transferred, assigned
      or allocated to the Group of which such Person is a member in accordance with, or any other Liability of any member of any Group, including with respect to indemnification or contribution, under, this Agreement or any Ancillary Agreement;

   

  (ii)          any Liability for the sale, lease, construction or receipt of goods,
      property or services purchased, obtained or used in the ordinary course of business by a member of one Group from a member of the other Group prior to the Separation Time;

   

  (iii)         any Liability for unpaid amounts for products or services or refunds
      owing on products or services due on a value received basis for work done by a member of one Group at the request or on behalf of a member of the other Group;

   

  (iv)         any Liability provided in or resulting from any contract or
      understanding that is entered into after the Separation Time between any Party (and/or a member of such Party’s Group), on the one hand, and any other Party (and/or a member of the other Party’s Group), on the other hand;

   

  (v)          any Liability provided in or resulting from any agreement between any
      Person who after the Separation Time is an employee of the Corebridge Group, on the one hand, and any member of the AIG Group, on the other hand, including any Liability resulting from any obligation of any such Person in respect of confidentiality,
      non-competition, non-disparagement or assignment of rights;

   

  (vi)         any Liability provided in or resulting from any agreement between any
      Person who after the Separation Time is an employee of the AIG Group, on the one hand, and any member of the Corebridge Group, on the other hand, including any Liability resulting from any obligation of any such Person in respect of confidentiality,
      non-competition, non-disparagement or assignment of rights;

   

  (vii)        any Liability that the Parties may have with respect to any
      indemnification or contribution or other obligation pursuant to this Agreement, any Ancillary Agreement or otherwise for claims brought against the Parties by third Persons, which Liability shall be governed by the provisions of this Article IX,
      and, if applicable, the appropriate provisions of the Ancillary Agreements; or

   

  (viii)       any Liability the release of which would result in the release of any
      Person other than a Person expressly contemplated to be released pursuant to this Section 9.1.

   

  In addition, nothing contained in Section 9.1 shall release any member of the AIG Group from honoring its
      existing obligations to indemnify any director, officer or employee of Corebridge who was a director, officer or employee of any member of the AIG Group at or prior to the Separation Time, to the extent such director, officer or employee becomes a
      named defendant in any Action with respect to which such director, officer or employee was entitled to such indemnification pursuant to such existing obligations; it being understood that, if the underlying obligation giving rise to such Action is a
      Corebridge Liability, Corebridge shall indemnify AIG for such Liability (including AIG’s costs to indemnify the director, officer or employee) in accordance with the provisions set forth in this Article IX. 

  

  
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  (e)          No Claims. Corebridge shall not make, and shall not permit any other
      member of the Corebridge Group to make, any claim or demand, or commence any Action asserting any claim or demand, including any claim of contribution or any indemnification, against AIG or any other member of the AIG Group, or any other Person
      released pursuant to Section 9.1(a), with respect to any Liabilities released pursuant to Section 9.1(a). AIG shall not make, and shall not permit any other member of the AIG Group to make, any claim or demand, or commence any Action
      asserting any claim or demand, including any claim of contribution or any indemnification, against Corebridge or any other member of the Corebridge Group, or any other Person released pursuant to Section 9.1(b), with respect to any
      Liabilities released pursuant to Section 9.1(b).

   

  (f)           Execution of Further Releases. At any time at or after the Separation
      Time, at the request of either Party, the other Party shall cause each member of its respective Group to execute and deliver releases reflecting the provisions of this Section 9.1.

   

  Section 9.2            Indemnification by Corebridge. Except as otherwise
      specifically set forth in this Agreement or in any Ancillary Agreement, to the fullest extent permitted by Applicable Law, Corebridge shall, and shall cause the other members of the Corebridge Group to, indemnify, defend and hold harmless AIG, each
      member of the AIG Group and each of their respective past, present and future directors, officers, employees and agents, in each case in their respective capacities as such, and each of the heirs, executors, successors and assigns of any of the
      foregoing (collectively, the “AIG Indemnitees”), from and against any and all Liabilities of the AIG Indemnitees relating to, arising out of or resulting from, directly or indirectly, any of the following items (without duplication):

   

  (a)          any Corebridge Liability;

   

  (b)          any failure of Corebridge, any other member of the Corebridge Group or any other Person to pay, perform or otherwise promptly discharge any Corebridge Liabilities in accordance with their terms, whether prior to, on or after the
      Separation Time;

   

  (c)          any breach by Corebridge or any other member of the Corebridge Group of this Agreement or any of the Ancillary Agreements;

   

  (d)          except to the extent it relates to an AIG Liability, any guarantee, indemnification or contribution obligation, surety bond or other credit support agreement, arrangement, commitment or understanding for the benefit of any member of
      the Corebridge Group by any member of the AIG Group that survives following the Separation; and

   

  (e)           any untrue statement or alleged untrue statement of a material fact or omission or alleged omission to state a material fact required to be stated therein or necessary to make the statements therein not misleading, with respect to
      all information (i) contained in the IPO Registration Statement or any Prospectus (including in any amendments or supplements thereto) (other than information provided by AIG to Corebridge in writing specifically for inclusion in the IPO Registration
      Statement or any Prospectus and that relates to the AIG Business), (ii) contained in any public filings made by Corebridge with the SEC following the date of the IPO, or (iii) provided by Corebridge to AIG in writing specifically for inclusion in
      AIG’s annual or quarterly or current reports following the date of the IPO to the extent (A) such information pertains to (x) a member of the Corebridge Group or (y) the Corebridge Business or (B) AIG has provided prior written notice to Corebridge
      that such information will be included in one or more annual or quarterly or current reports, specifying how such information will be presented, and the information is included in such annual or quarterly or current reports; provided, that
      this subclause (B) shall not apply to the extent that any such Liability arises out of or results from, or in connection with, any action or inaction of any member of the AIG Group, including as a result of any misstatement or omission of any
      information by any member of the AIG Group to Corebridge. 

  

  
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  Section 9.3            Indemnification by AIG. Except as otherwise specifically set
      forth in this Agreement or in any Ancillary Agreement, to the fullest extent permitted by Applicable Law, AIG shall, and shall cause the other members of the AIG Group to, indemnify, defend and hold harmless Corebridge, each member of the Corebridge
      Group and each of their respective past, present and future directors, officers, employees or agents, in each case in their respective capacities as such, and each of the heirs, executors, successors and assigns of any of the foregoing (collectively,
      the “Corebridge Indemnitees”), from and against any and all Liabilities of the Corebridge Indemnitees relating to, arising out of or resulting from, directly or indirectly, any of the following items (without duplication):

   

  (a)          any AIG Liability;

   

  (b)          any failure of AIG, any other member of the AIG Group or any other Person to pay, perform or otherwise promptly discharge any AIG Liabilities in accordance with their terms, whether prior to, on or after the Separation Time;

   

  (c)          any breach by AIG or any other member of the AIG Group of this Agreement or any of the Ancillary Agreements;

   

  (d)          except to the extent it relates to a Corebridge Liability, any guarantee, indemnification or contribution obligation, surety bond or other credit support agreement, arrangement, commitment or understanding for the benefit of any
      member of the AIG Group by any member of the Corebridge Group that survives following the Separation; and

   

  (e)          any untrue statement or alleged untrue statement of a material fact or omission or alleged omission to state a material fact required to be stated therein or necessary to make the statements therein not misleading, with respect to
      all information (i) contained in the IPO Registration Statement or any Prospectus (including in any amendments or supplements thereto) provided by AIG in writing specifically for inclusion therein to the extent such information pertains to (x) any
      member of the AIG Group or (y) the AIG Business or (ii) provided by AIG to Corebridge in writing specifically for inclusion in Corebridge’s annual or quarterly or current reports following the date of the IPO to the extent (A) such information
      pertains to (x) a member of the AIG Group or (y) the AIG Business or (B) Corebridge has provided written notice to AIG that such information will be included in one or more annual or quarterly or current reports, specifying how such information will
      be presented, and the information is included in such annual or quarterly or current reports; provided, that this subclause (B) shall not apply to the extent that any such Liability arises out of or results from, or in connection with, any
      action or inaction of any member of the Corebridge Group, including as a result of any misstatement or omission of any information by any member of the Corebridge Group to AIG. 

  

  
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  Section 9.4            Indemnification Obligation Procedure Net of Insurance Proceeds and
        Other Amounts.

   

  (a)          The Parties intend that any Liability subject to indemnification, contribution or
      reimbursement pursuant to this Article IX will be net of Insurance Proceeds or other amounts actually recovered (net of any out-of-pocket costs or expenses incurred in the collection thereof) from any Person by or on behalf of the Indemnitee
      in respect of any indemnifiable Liability. Accordingly, the amount which either Party (an “Indemnifying Party”) is required to pay to any Person entitled to indemnification or contribution hereunder (an “Indemnitee”) will be reduced by
      any Insurance Proceeds or other amounts actually recovered (net of any out-of-pocket costs or expenses incurred in the collection thereof) from any Person by or on behalf of the Indemnitee in respect of the related Liability. If an Indemnitee
      receives a payment (an “Indemnity Payment”) required by this Agreement from an Indemnifying Party in respect of any Liability and subsequently receives Insurance Proceeds or any other amounts in respect of such Liability, then within ten (10)
      calendar days of receipt of such Insurance Proceeds, the Indemnitee will pay to the Indemnifying Party an amount equal to the excess of the Indemnity Payment received over the amount of the Indemnity Payment that would have been due if the Insurance
      Proceeds or such other amounts (net of any out-of-pocket costs or expenses incurred in the collection thereof) had been received, realized or recovered before the Indemnity Payment was made.

   

  (b)          The Parties agree that it is their intent that any third party insurer that would
      otherwise be obligated to pay any claim shall not be relieved of the responsibility with respect thereto or, solely by virtue of any provision contained in this Agreement or any Ancillary Agreement, have any subrogation rights with respect thereto,
      it being understood that no third party insurer or any other third party shall be entitled to a “windfall” (i.e., a benefit they would not be entitled to receive in the absence of the indemnification provisions) by virtue of the
      indemnification and contribution provisions in this Agreement. Each Party shall, and shall cause the members of its Group to, use commercially reasonable efforts (taking into account the probability of success on the merits and the cost of expending
      such efforts, including attorneys’ fees and expenses) to collect or recover any Insurance Proceeds that may be collectible or recoverable respecting the Liabilities for which indemnification or contribution may be available under this Article IX.
      Notwithstanding the foregoing, an Indemnifying Party may not delay making any indemnification payment required under the terms of this Agreement, or otherwise satisfying any indemnification obligation, pending the outcome of any Action to collect or
      recover Insurance Proceeds, and an Indemnitee need not attempt to collect any Insurance Proceeds prior to making a claim for indemnification or contribution or receiving any Indemnity Payment otherwise owed to it under this Agreement or any Ancillary
      Agreement. 

  

  
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  Section 9.5            Procedures for Indemnification of Third-Party Claims.

   

  (a)          Notice of Claims. If, at or following the Separation Time, an Indemnitee
      shall receive notice or otherwise learn of the assertion by a Person (including any Governmental Authority) who is not a member of the AIG Group or the Corebridge Group of any claim or of the commencement by any such Person of any Action
      (collectively, a “Third-Party Claim”) with respect to which an Indemnifying Party may be obligated to provide indemnification to such Indemnitee pursuant to Section 9.2 or Section 9.3, or any other Section of this Agreement or
      any Ancillary Agreement, such Indemnitee shall give such Indemnifying Party written notice thereof as soon as practicable, but in any event within fourteen (14) days (or sooner if the nature of the Third-Party Claim so requires) after becoming aware
      of such Third-Party Claim. Any such notice shall describe the Third-Party Claim in reasonable detail, including the facts and circumstances giving rise to such claim for indemnification, and include copies of all notices and documents (including
      court papers) received by the Indemnitee relating to the Third-Party Claim. Notwithstanding the foregoing, the failure of an Indemnitee to provide notice in accordance with this Section 9.5(a) shall not relieve an Indemnifying Party of its
      indemnification obligations under this Agreement, except to the extent the Indemnifying Party is actually prejudiced by the Indemnitee’s failure to provide notice in accordance with this Section 9.5(a).

   

  (b)          Control of Defense. Subject to any third party insurer’s rights pursuant
      to any insurance policies of either Party, an Indemnifying Party may elect to defend (and seek to settle or compromise), at its own expense and with its own counsel, any Third-Party Claim; provided, that, prior to the Indemnifying Party
      assuming and controlling defense of such Third-Party Claim, it shall first confirm to the Indemnitee in writing that, assuming the facts presented to the Indemnifying Party by the Indemnitee being true, the Indemnifying Party shall indemnify the
      Indemnitee for any such damages to the extent resulting from, or arising out of, such Third-Party Claim. Notwithstanding the foregoing, if the Indemnifying Party assumes such defense and, in the course of defending such Third-Party Claim, (i) the
      Indemnifying Party discovers that the facts presented at the time the Indemnifying Party acknowledged its indemnification obligation in respect of such Third-Party Claim were not true in all material respects and (ii) such untruth provides a
      reasonable basis for asserting that the Indemnifying Party does not have an indemnification obligation in respect of such Third-Party Claim, then (A) the Indemnifying Party shall not be bound by such acknowledgment, (B) the Indemnifying Party shall
      promptly thereafter provide the Indemnitee written notice of its assertion that it does not have an indemnification obligation in respect of such Third-Party Claim and (C) the Indemnitee shall have the right to assume the defense of such Third-Party
      Claim. Within fourteen (14) days after the receipt of a notice from an Indemnitee in accordance with Section 9.5(a) (or sooner, if the nature of the Third-Party Claim so requires), the Indemnifying Party shall provide written notice to the
      Indemnitee indicating whether the Indemnifying Party shall assume responsibility for defending the Third-Party Claim and specifying any reservations or exceptions to its defense. If an Indemnifying Party elects not to assume responsibility for
      defending any Third-Party Claim as provided in this Section 9.5(b) or fails to notify an Indemnitee of its election within fourteen (14) days after receipt of the notice from an Indemnitee as provided in Section 9.5(a), then the
      Indemnitee that is the subject of such Third-Party Claim shall be entitled to continue to conduct and control the defense of such Third-Party Claim. Notwithstanding anything herein to the contrary, to the extent a Third-Party Claim involves or would
      reasonably be expected to involve (I) both a Corebridge Liability and an AIG Liability (collectively, a “Shared Third-Party Claim”), AIG shall have the sole right to defend and control such portion of any Action relating to such Third-Party
      Claim to the extent it relates to an AIG Liability, and Corebridge shall have the sole right to defend and control such portion of any Action relating to such Third-Party Claim to the extent it relates to a Corebridge Liability, or (II) an Action by
      or against a Governmental Authority, the Indemnifying Party shall not have the right to elect to defend (and seek to settle or compromise) such Third-Party Claim pursuant to this Section 9.5(b). 

  

  
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  (c)          Allocation of Defense Costs. If an Indemnifying Party has elected to assume
      the defense of a Third-Party Claim, whether with or without any reservations or exceptions with respect to such defense, then such Indemnifying Party shall be solely liable for all fees and expenses incurred by it in connection with the defense of
      such Third-Party Claim and shall not be entitled to seek any indemnification or reimbursement from the Indemnitee for any such fees or expenses incurred by the Indemnifying Party during the course of the defense of such Third-Party Claim by such
      Indemnifying Party, regardless of any subsequent decision by the Indemnifying Party to reject or otherwise abandon its assumption of such defense. If an Indemnifying Party elects not to assume responsibility for defending any Third-Party Claim or
      fails to notify an Indemnitee of its election within fourteen (14) days after receipt of a notice from an Indemnitee as provided in Section 9.5(a), and the Indemnitee conducts and controls the defense of such Third-Party Claim and the
      Indemnifying Party has an indemnification obligation with respect to such Third-Party Claim, then the Indemnifying Party shall be liable for all reasonable fees and expenses incurred by the Indemnitee in connection with the defense of such
      Third-Party Claim. In the event of a Shared Third-Party Claim, each Party shall be liable for its portion of the fees and expenses incurred by such Party in connection with the defense of such Shared Third-Party Claim, except as otherwise agreed
      between the Parties.

   

  (d)          Right to Monitor and Participate. An Indemnitee that does not conduct and
      control the defense of any Third-Party Claim, an Indemnifying Party that has failed to elect to defend any Third-Party Claim as contemplated hereby, and either Party in the case of a Shared Third-Party Claim, nevertheless shall have the right to
      employ separate counsel (including local counsel as necessary) of its own choosing to monitor and participate in (but not control) the defense of any Third-Party Claim for which it is a potential Indemnitee or Indemnifying Party, but the fees and
      expenses of such counsel shall be at the expense of such Indemnitee or Indemnifying Party, as the case may be, and the provisions of Section 9.5(c) shall not apply to such fees and expenses. Notwithstanding the foregoing, such Party shall
      cooperate with the Party entitled to conduct and control the defense of such Third-Party Claim in such defense and make available to the controlling Party, at the non-controlling Party’s expense, all witnesses, information and materials in such
      Party’s possession or under such Party’s control relating thereto as are reasonably required by the controlling Party. In addition to the foregoing, if any Indemnitee shall in good faith determine that such Indemnitee and the Indemnifying Party have
      actual or potential differing defenses or conflicts of interest between them that make joint representation inappropriate, then the Indemnitee shall have the right to employ separate counsel (including local counsel as necessary) and to participate
      in (but not control) the defense, compromise, or settlement thereof, and in such case the Indemnifying Party shall bear the reasonable fees and expenses of one counsel (plus one local counsel for each applicable jurisdiction) for all Indemnitees. 

  

  
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  (e)          No Settlement. Neither Party may settle or compromise any Third-Party
      Claim for which an Indemnitee is seeking to be indemnified hereunder without the prior written consent of the other Party, which consent may not be unreasonably withheld, unless such settlement or compromise: (i) is solely for monetary damages that
      are fully payable by the settling or compromising Party, (ii) does not involve any admission, finding or determination of wrongdoing or violation of Applicable Law by the other Party or another member of its Group or any Indemnitee, (iii) does not
      encumber any of the Assets of the other Party or another member of its Group or any Indemnitee or impose a condition that would adversely affect the other Party or another member of its Group or any Indemnitee or the conduct of their respective
      businesses and (iv) and provides for a full, unconditional and irrevocable release of the other Party and the other members of its Group and all Indemnitees from all Liability in connection with the Third-Party Claim. The Parties hereby agree that if
      a Party presents the other Party with a written notice containing a proposal to settle or compromise a Third-Party Claim for which either Party is seeking to be indemnified hereunder and the Party receiving such proposal does not respond in any
      manner to the Party presenting such proposal within thirty (30) days (or within any such shorter time period that may be required by Applicable Law or court order) of receipt of such proposal, then the Party receiving such proposal shall be deemed to
      have consented to the terms of such proposal.

   

  Section 9.6            Additional Matters.

   

  (a)          Timing of Payments. Indemnification or contribution payments in respect of
      any Liabilities for which an Indemnitee is entitled to indemnification or contribution under this Article IX shall be paid reasonably promptly (but in any event within forty-five (45) days of the final determination of the amount that the
      Indemnitee is entitled to indemnification or contribution under this Article IX) by the Indemnifying Party to the Indemnitee as such Liabilities are incurred upon demand by the Indemnitee, including reasonably satisfactory documentation
      setting forth the basis for the amount of such indemnification or contribution payment, including documentation with respect to calculations made and consideration of any Insurance Proceeds that actually reduce the amount of such Liabilities. The
      indemnity and contribution provisions contained in this Article IX shall remain operative and in full force and effect, regardless of (i) any investigation made by or on behalf of any Indemnitee, and (ii) the knowledge by the Indemnitee of
      Liabilities for which it might be entitled to indemnification hereunder.

   

  (b)          Notice of Direct Claims. Any claim for indemnification or contribution
      under this Agreement or any Ancillary Agreement that does not result from a Third-Party Claim shall be asserted by written notice given by the Indemnitee to the applicable Indemnifying Party; provided, that the failure by an Indemnitee to so
      assert any such claim shall not prejudice the ability of the Indemnitee to do so at a later time except to the extent the Indemnifying Party is actually prejudiced thereby. Such Indemnifying Party shall have a period of thirty (30) days after the
      receipt of such notice within which to respond thereto. If such Indemnifying Party does not respond within such thirty (30)-day period, such specified claim shall be conclusively deemed a Liability of the Indemnifying Party under this Section
        9.6(b) or, in the case of any written notice in which the amount of the claim (or any portion thereof) is estimated, on such later date when the amount of the claim (or such portion thereof) becomes finally determined. If such Indemnifying
      Party does not respond within such thirty (30)-day period or rejects such claim in whole or in part, such Indemnitee shall, subject to the provisions of Article X, be free to pursue such remedies as may be available to such party as
      contemplated by this Agreement and the Ancillary Agreements, as applicable, without prejudice to its continuing rights to pursue indemnification or contribution hereunder. 

  

  
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  (c)          Pursuit of Claims Against Third Parties. If (i) a Party incurs any
      Liability arising out of this Agreement or any Ancillary Agreement, (ii) an adequate legal or equitable remedy is not available for any reason against the other Party to satisfy the Liability incurred by the incurring Party and (iii) a legal or
      equitable remedy may be available to the other Party against a third party for such Liability, then the other Party shall use its commercially reasonable efforts to cooperate with the incurring Party, at the incurring Party’s expense, to permit the
      incurring Party to obtain the benefits of such legal or equitable remedy against the third party.

   

  (d)          Subrogation. In the event of payment by or on behalf of any Indemnifying
      Party to any Indemnitee in connection with any Third-Party Claim, such Indemnifying Party shall be subrogated to and shall stand in the place of such Indemnitee as to any events or circumstances in respect of which such Indemnitee may have any right,
      defense or claim relating to such Third-Party Claim against any claimant or plaintiff asserting such Third-Party Claim or against any other Person. Such Indemnitee shall cooperate with such Indemnifying Party in a reasonable manner, and at the cost
      and expense of such Indemnifying Party, in prosecuting any subrogated right, defense or claim.

   

  Section 9.7            Right of Contribution.

   

  (a)          Contribution. If any right of indemnification contained in Section 9.2
      or Section 9.3 is held unenforceable or is unavailable for any reason, or is insufficient to hold harmless an Indemnitee in respect of any Liability for which such Indemnitee is entitled to indemnification hereunder, then the Indemnifying
      Party shall contribute to the amounts paid or payable by the Indemnitees as a result of such Liability (or actions in respect thereof) in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and the members of its
      Group, on the one hand, and the Indemnitees entitled to contribution, on the other hand, as well as any other relevant equitable considerations.

   

  (b)          Allocation of Relative Fault. Solely for purposes of determining relative
      fault pursuant to this Section 9.7: (i) any fault associated with the business conducted with the Delayed Corebridge Assets or Delayed Corebridge Liabilities (except for the gross negligence or intentional misconduct of a member of the AIG
      Group) or with the ownership, operation or activities of the Corebridge Business prior to the Separation Time shall be deemed to be the fault of Corebridge and the other members of the Corebridge Group, and no such fault shall be deemed to be the
      fault of AIG or any other member of the AIG Group and (ii) any fault associated with the business conducted with Delayed AIG Assets or Delayed AIG Liabilities (except for the gross negligence or intentional misconduct of a member of the Corebridge
      Group) or with the ownership, operation or activities of the AIG Business prior to the Separation Time shall be deemed to be the fault of AIG and the other members of the AIG Group, and no such fault shall be deemed to be the fault of Corebridge or
      any other member of the Corebridge Group. 

  

  
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  Section 9.8            Covenant Not to Sue. Each Party hereby covenants and agrees
      that none of it, the members of such Party’s Group or any Person claiming through it shall bring suit or otherwise assert any claim against any Indemnitee, or assert a defense against any claim asserted by any Indemnitee, before any court,
      arbitrator, mediator or administrative agency anywhere in the world, alleging that: (a) the assumption of any Corebridge Liabilities by Corebridge or a member of the Corebridge Group on the terms and conditions set forth in this Agreement and the
      Ancillary Agreements is void or unenforceable for any reason, (b) the retention of any AIG Liabilities by AIG or a member of the AIG Group on the terms and conditions set forth in this Agreement and the Ancillary Agreements is void or unenforceable
      for any reason or (c) the provisions of this Article IX are void or unenforceable for any reason.

   

  Section 9.9            Remedies Cumulative. The remedies provided in this Article IX
      shall be cumulative and, subject to the provisions of Article X, shall not preclude assertion by any Indemnitee of any other rights or the seeking of any and all other remedies against any Indemnifying Party.

   

  Section 9.10         Survival of Indemnitees. The rights and obligations of each of
      AIG and Corebridge and their respective Indemnitees under this Article IX shall survive (a) the sale or other transfer by either Party or any member of its Group of any Assets or businesses or the assignment by it of any Liabilities or
      (b) any merger, consolidation, business combination, sale of all or substantially all of its Assets, restructuring, recapitalization, reorganization or similar transaction involving either Party or any of the members of its Group.

   

  Section 9.11          Tax Matters Agreement Coordination. The above provisions of Section 9.1
      through Section 9.10 shall not apply to Taxes and Tax matters. It is understood and agreed that Taxes and Tax matters, including the control of Tax-related proceedings, shall be governed by the Tax Matters Agreement. In the case of any
      conflict or inconsistency between this Agreement and the Tax Matters Agreement in relation to any matters addressed by the Tax Matters Agreement, the Tax Matters Agreement shall control.

   

  Article X

      DISPUTE RESOLUTION

   

  Section 10.1          Negotiation and Mediation.

   

  (a)          In the event of any dispute or claim arising out of, relating to, or in connection
      with this Agreement (“Dispute”), the Parties agree to work together in good faith to resolve the Dispute between them.

   

  (b)          If any Party considers that a Dispute has arisen, it shall serve a notice of the
      Dispute (“Notice of Dispute”) on the other Party and demand that senior officers of each Party meet to resolve the Dispute.

   

  (c)          If the Dispute is not resolved within 30 days of such Notice of Dispute, then any
      Party shall have the right to demand that mediation commence. Any such mediation shall be conducted in accordance with the American Arbitration Association (“AAA”) Commercial Mediation Procedures except as they may be modified herein. The
      Parties shall share the costs of the mediator and the process of mediation (provided that each Party shall be responsible for its own costs of preparing for and appearing before the mediator). The decision of the mediator shall not be binding
      on the Parties, but the Parties agree that each shall act in good faith while the process of mediation is proceeding. 

  

  
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  (d)          Notwithstanding anything else contained herein, any Party shall have the right to
      commence arbitration at any time after the expiration of 30 days after service of the Notice of Dispute under Section 10.1(b). Any disputes concerning the propriety of the commencement of the arbitration shall be finally settled by the
      arbitral tribunal.

   

  Section 10.2          Arbitration. Any Dispute referred to arbitration shall be
      finally resolved according to the following rules of arbitration:

   

  (a)          The arbitration shall be administered by the AAA under its Commercial Arbitration
      Rules then in effect (the “Rules”) except as modified herein. The seat of the arbitration shall be New York, New York and it shall be conducted in the English language.

   

  (b)          There shall be three arbitrators of whom each Party shall select one within 15
      days of respondent’s receipt of claimant’s request for arbitration. The two Party-appointed arbitrators shall select a third arbitrator to serve as Chair of the tribunal within 15 days of the selection of the second arbitrator. If any arbitrator has
      not been appointed within the time limits specified herein, such appointment shall be made by the AAA in accordance with the Rules upon the written request of either Party within 15 days of such request. The hearing shall be held no later than 120
      days following the appointment of the third arbitrator.

   

  (c)          The arbitral tribunal shall permit prehearing discovery that is relevant to the
      subject matter of the dispute and material to the outcome of the case, taking into account the Parties’ desire that the arbitration be conducted expeditiously and cost effectively. All discovery shall be completed within 60 days of the appointment of
      the third arbitrator.

   

  (d)          By agreeing to arbitration, the Parties do not intend to deprive a court of its
      jurisdiction to issue a pre-arbitral injunction, pre-arbitral attachment or other order in aid of arbitration proceedings and the enforcement of any award. Without prejudice to such provisional remedies as may be available under the jurisdiction of a
      court, the arbitral tribunal shall have full authority to grant provisional remedies, to direct the Parties to request that any court modify or vacate any temporary or preliminary relief issued by such court, and to award damages for the failure of
      any Party to respect the arbitral tribunal’s orders to that effect. The Parties agree that any ruling by the arbitral tribunal on interim measures shall be deemed to be a final award with respect to the subject matter of the ruling and shall be fully
      enforceable as such. The Parties hereby irrevocably submit to the jurisdiction of the courts of the State of Delaware solely in respect of any proceeding relating to or in aid of an arbitration under this Agreement. Each Party unconditionally and
      irrevocably waives any objections which they may have now or in the future to the jurisdiction of the Delaware Courts for this purpose, including objections by reason of lack of personal jurisdiction, improper venue or inconvenient forum. Nothing in
      this paragraph limits the scope of the Parties’ agreement to arbitrate or the power of the arbitral tribunal to determine the scope of its own jurisdiction. 

  

  
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  (e)          The arbitral award shall be in writing, shall state the findings of fact and
      conclusions of law on which it is based, shall be final and binding and shall be the sole and exclusive remedy between the Parties regarding any claims, counterclaims, issues or accounting presented to the arbitral tribunal. The arbitration shall be
      governed by the United States Arbitration Act, 9 U.S.C. § 1 et seq., and judgment upon any award may be entered in any court having jurisdiction of the award or having jurisdiction over the relevant Party or its Assets. The Parties hereby
      irrevocably waive any defense on the basis of forum non conveniens in any proceedings to enforce an arbitration award rendered by a tribunal constituted pursuant to this Agreement. The Parties undertake to carry out any award without delay.

   

  (f)           The Parties will bear equally all fees, costs, disbursements and other expenses
      of the arbitration, and each Party shall be solely responsible for all fees, costs, disbursements and other expenses incurred in the preparation and prosecution of their own case; provided that in the event that a Party fails to comply with
      the orders or decision of the arbitral tribunal, then such noncomplying Party shall be liable for all costs and expenses (including attorney fees) incurred by the other Party in its effort to obtain either an order to compel, or an enforcement of an
      award, from a court of competent jurisdiction.

   

  (g)          The arbitral tribunal shall have the authority, for good cause shown, to extend
      any of the time periods in this arbitration provision either on its own authority or upon the request of either Party. The arbitral tribunal shall be authorized in its discretion to grant pre-award and post-award interest at commercial rates. The
      arbitral tribunal shall have no authority to award punitive, exemplary or multiple damages or any other damages not measured by the prevailing Party’s actual damages. The arbitral tribunal shall have the authority to order specific performance or to
      issue any other type of temporary or permanent injunction.

   

  (h)          All notices by one Party to the other in connection with the arbitration shall be
      in accordance with the provisions of Section 11.2 hereof, except that all notices for a request for arbitration made pursuant to this Article X must be made by personal delivery or receipted overnight courier. This agreement to arbitrate shall be
      binding upon the successors and permitted assigns of each Party. This Agreement and the rights and obligations of the Parties shall remain in full force and effect pending the award in any arbitral proceeding hereunder.

   

  Section 10.3          Confidentiality.

   

  (a)          The Parties agree that any negotiation, mediation or arbitration (the “Dispute
        Resolution Process”) pursuant to this Article X shall be kept confidential. The existence of the Dispute Resolution Process, any non-public information provided in the Dispute Resolution Process, and any submissions, orders or awards
      made in the Dispute Resolution Process, shall not be disclosed to any non-Party except the mediator, tribunal, the AAA, the Parties’ counsel, experts, witnesses, accountants and auditors, insurers and reinsurers, and any other Person necessary to the
      conduct of the Dispute Resolution Process.

   

  (b)          Notwithstanding the foregoing, a Party may disclose information referred to in Section 10.3(a)
      to the extent that disclosure may be required to fulfill a legal duty, protect or pursue a legal right, or enforce or challenge an award in bona fide legal proceedings. This confidentiality provision shall survive the termination of this Agreement
      and of any Dispute Resolution Process brought pursuant to this Agreement. 

  

  
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  Article XI

      GENERAL PROVISIONS

   

  Section 11.1          Obligations Subject to Applicable Law. The obligations of each
      Party under this Agreement shall be subject to Applicable Law, and, to the extent inconsistent therewith, the Parties shall adopt such modified arrangements as are as close as possible to the requirements of this Agreement while remaining compliant
      with Applicable Law; provided, however, that Corebridge shall fully avail itself of all exemptions, phase-in provisions and other relief available under Applicable Law before any modified arrangements shall be adopted.

   

  Section 11.2          Notices. All notices, requests, claims, demands and other
      communications under this Agreement shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt), (b) when received by the addressee if sent by a nationally recognized overnight courier
      (receipt requested), (c) on the date sent by email if sent during normal business hours of the recipient, provided that the sender does not receive a notice of failure to send, and on the next Business Day if sent after normal business hours of the
      recipient, or (d) on the third day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent to the respective parties at the following addresses (or at such other address for
      a Party as shall be specified by like notice):

   

  If to Corebridge, to:

      

      Corebridge Financial, Inc.

      21650 Oxnard Street, 10th Floor

      Woodland Hills, California 91367

      Attention: Chris Nixon, General Counsel

      Telephone: 818-324-0387

      Email: chris.nixon@aig.com

   

  If to AIG, to:

      

      American International Group, Inc.

      1271 Avenue of the Americas, 41st Floor

      New York, New York 10020

      Attention: Lucy Fato, General Counsel

      Telephone: 212-770-6205

      Email: lucy.fato@aig.com

   

  Section 11.3         Specific Performance; Remedies. The parties agree that
      irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that, without the necessity of posting bond or
      other undertaking, the parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement in accordance with this Agreement, this being in addition to
      any other remedy to which such Party is entitled at law or in equity. In the event that any action is brought in equity to enforce the provisions of this Agreement, no Party shall allege, and each Party hereby waives any defense or counterclaim, that
      there is an adequate remedy at law. The parties further agree that nothing contained in this Section 11.3 shall require a Party to institute any action for (or limit such Party’s right to institute any action for) specific performance under
      this Section 11.3 before exercising any other right under this Agreement. 

  

  
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  Section 11.4          Applicable Law. This Agreement and any dispute arising
      hereunder shall be governed by, and construed in accordance with, the laws of the State of Delaware, without giving effect to its principles or rules of conflict of laws, to the extent such principles or rules are not mandatorily applicable by
      statute and would permit or require the application of the laws of another jurisdiction.

   

  Section 11.5          Severability. Whenever possible, each provision or portion of
      any provision of this Agreement will be interpreted in such manner as to be effective and valid under Applicable Law, but if any provision or portion of any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect
      under any Applicable Law in any jurisdiction, such invalidity, illegality or unenforceability will not affect any other provision or portion of any provision in such jurisdiction, and this Agreement will be reformed, construed and enforced in such
      jurisdiction as if such invalid, illegal or unenforceable provision or portion of any provision had never been contained herein.

   

  Section 11.6          Confidential Information. All information provided by either
      Party shall, except if the purpose for which such information is furnished pursuant to this Agreement contemplates such disclosure or is for disclosure in public documents of Corebridge or any of its Subsidiaries or AIG or any of its Subsidiaries
      and, except for disclosure to other Subsidiaries of AIG or Corebridge, as the case may be, be kept strictly confidential and, unless otherwise required by Applicable Law or as agreed by the Parties, neither Party shall disclose, and each shall take
      all necessary steps to ensure that none of their respective directors, officers, employers, agents and representatives disclose, or make use of, except in accordance with Applicable Law, such information in any manner whatsoever until such
      information otherwise becomes generally available to the public; provided, however, this Section 11.6 shall not apply to information relating to or disclosed in the IPO Registration Statement or in connection with any
      registration statement filed in accordance with the terms of the Registration Rights Agreement. In no event shall either Party or any of its Subsidiaries or any of their respective directors, officers, employees, agents or representatives use
      material non-public information of the other to acquire or dispose of securities of the other or transact in any way in such securities. Each Party shall be liable for any breach of this Section 11.6 by it or any of its Subsidiaries or any of
      their respective directors, officers, employees, agents and representatives.

   

  Section 11.7          Amendment, Modification and Waiver.

   

  (a)           This Agreement may be amended, restated, supplemented, modified or terminated, in
      each case, only by a written instrument signed by each of Corebridge and AIG. 

  

  
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  (b)           A provision of this Agreement may only be waived by a written instrument signed
      by the Party waiving a right hereunder. No delay on the part of a Party in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any waiver on the part of a Party of any right, power or privilege, nor any
      single or partial exercise of any such right, power or privilege, preclude any further exercise thereof or the exercise of any other such right, power or privilege.

   

  Section 11.8         Assignment. This Agreement shall be binding upon and inure to
      the benefit of the Parties and their respective permitted successors and assigns. Neither Party shall assign any of its rights or delegate any of its obligations under this Agreement without the prior written consent of the other Party. Any purported
      assignment in violation of this Section 11.8 shall be null and void ab initio.

   

  Section 11.9         Further Assurances. In addition to the actions specifically
      provided for elsewhere in this Agreement, each Party hereto shall execute and deliver such additional documents, instruments, conveyances and assurances, take, or cause to be taken, all actions and do, or cause to be done, all things reasonably
      necessary, proper or advisable to carry out the provisions of this Agreement.

   

  Section 11.10       Third Party Beneficiaries. Other than as set forth in Article IX
      with respect to any AIG Indemnitee or Corebridge Indemnitee, in each case, in its capacity as such, and as expressly set forth elsewhere in this Agreement, nothing in this Agreement, express or implied, is intended to confer upon any person, other
      than the Parties and their respective successors and permitted assigns, any rights or remedies under or by reason of this Agreement. Only the Parties that are signatories to this Agreement (and their respective permitted successors and assigns) shall
      have any obligation or liability under, in connection with, arising out of, resulting from or in any way related to this Agreement or any other matter contemplated hereby, or the process leading up to the execution and delivery of this Agreement and
      the transactions contemplated hereby, subject to the provisions of this Agreement.

   

  Section 11.11       Discretion of Parties. Where this Agreement requires or permits
      any Party to make or take any decision, determination or action with respect to matters governed by this Agreement, unless expressly provided otherwise, such decision, determination or action may be made or taken by such Party in its sole and
      absolute discretion.

   

  Section 11.12       Entire Agreement. This Agreement and the Ancillary Agreements,
      including any schedules or exhibits hereto or thereto, constitute the entire agreement, and supersede all prior agreements, understandings, representations and warranties, both written and oral, among the parties with respect to the subject matter of
      hereof and thereof.

   

  Section 11.13        Term. Except to the extent set forth in the following sentence,
      this Agreement shall terminate and be of no further force or effect as of the date that is one year following the Fourth Threshold Date. Notwithstanding the foregoing sentence, the provisions of Article I, Article II, Article IX,
      Section 8.4, Section 8.5, and Article X shall survive termination of this Agreement. 

  

  
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  Section 11.14       Counterparts. This Agreement may be executed in counterparts, all
      of which shall be considered one and the same agreement and shall become effective when counterparts have been signed by each Party and delivered to the other Party. Each Party may deliver its signed counterpart of this Agreement to the other Party
      by means of electronic mail or any other electronic medium utilizing image scan technology, and such delivery will have the same legal effect as hand delivery of an originally executed counterpart.

   

  Section 11.15       Limitations of Liability. Notwithstanding anything in this
      Agreement to the contrary, neither Corebridge or any member of the Corebridge Group, on the one hand, nor AIG or any member of the AIG Group, on the other hand, shall be liable under this Agreement to the other for any special, indirect, punitive,
      exemplary, remote, speculative or similar damages in excess of compensatory damages of the other arising in connection with the transactions contemplated hereby (other than any such Liability with respect to a Third-Party Claim).

   

  Section 11.16        Mutual Drafting. This Agreement and the Ancillary Agreements
      shall be deemed to be the joint work product of the Parties and any rule of construction that a document shall be interpreted or construed against a drafter of such document shall not be applicable.

   

  Section 11.17        Force Majeure. No Party shall be deemed in default of this
      Agreement or, unless otherwise expressly provided therein, any Ancillary Agreement for any delay or failure to fulfill any obligation (other than a payment obligation) hereunder or thereunder so long as and to the extent to which any delay or failure
      in the fulfillment of such obligation is prevented, frustrated, hindered or delayed as a consequence of circumstances of Force Majeure. In the event of any such excused delay, the time for performance of such obligations (other than a payment
      obligation) shall be extended for a period equal to the time lost by reason of the delay. A Party claiming the benefit of this provision shall, as soon as reasonably practicable after the occurrence of any such event, (a) provide written notice to
      the other Party of the nature and extent of any such Force Majeure condition and (b) use commercially reasonable efforts to remove any such causes and resume performance under this Agreement and the Ancillary Agreements, as applicable, as soon as
      reasonably practicable.

   

  Section 11.18        No Set-Off. Except as expressly set forth in any Ancillary
      Agreement or as otherwise mutually agreed to in writing by the Parties, neither Party nor any member of such Party’s Group shall have any right of set-off or other similar rights with respect to (a) any amounts received pursuant to this Agreement or
      any Ancillary Agreement or (b) any other amounts claimed to be owed to the other Party or any member of its Group arising out of this Agreement or any Ancillary Agreement.

   

  Section 11.19        Expenses. Except as otherwise expressly set forth in this
      Agreement or any Ancillary Agreement, or as otherwise agreed to in writing by the Parties, all fees, costs and expenses incurred at or prior to the Separation Time in connection with the preparation, execution, delivery and implementation of this
      Agreement, including the Separation, the IPO and any Ancillary Agreement and the IPO Registration Statement and the consummation of the transactions contemplated hereby and thereby, will be borne by the Party or its applicable Subsidiary incurring
      such fees, costs or expenses. 

  

  
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  Section 11.20        Interpretation. When reference is made in this Agreement to an
      Article or a Section, such reference shall be to an Article or a Section of this Agreement unless otherwise indicated. All references herein to any agreement, instrument, statute, rule or regulation are to the agreement, instrument, statute, rule or
      regulation as amended, modified, supplemented or replaced from time to time (and, in the case of statutes, include any rules and regulations promulgated under said statutes) and to any section of any statute, rule or regulation including any
      successor to said section. The table of contents and headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. Whenever the words “include,” “includes” or
      “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.” Whenever the words “hereof,” “hereto,” “hereby,” “herein” and “hereunder” and words of similar import are used in this Agreement, they
      shall be deemed to refer to this Agreement as a whole and not to any particular provision of this Agreement. Whenever the word “or” is used in this Agreement, it shall not be exclusive. Whenever the word “extent” in the phrase “to the extent” is used
      in this Agreement, it shall be deemed to mean the degree to which a subject or other thing extends and shall not mean simply “if.” Whenever the singular is used herein, the same shall include the plural, and whenever the plural is used herein, the
      same shall include the singular, where appropriate. Whenever the word “Dollars” or the “$” sign appear in this Agreement, they shall be construed to mean United States Dollars, and all transactions under this Agreement shall be in United States
      Dollars. This Agreement has been fully negotiated by both parties and shall not be construed by any Governmental Authority against either Party by virtue of the fact that such Party was the drafting Party.

   

  [Signature Page Follows] 

  
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  IN WITNESS WHEREOF, the Parties have caused this Separation Agreement to be executed and
      delivered as of the date first above written. 

  

   

  	 	AMERICAN INTERNATIONAL GROUP, INC.
	 	 	 
	 	By:	 
			Name: 

            Title: 

   

  

  	 	COREBRIDGE FINANCIAL, INC.
	 	 	 
	 	By:	 
			Name: 

            Title: 

   

  [Signature page to Separation Agreement]

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