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Exhibit 4.10  

        GENWORTH FINANCIAL, INC.  

 JPMORGAN CHASE BANK, Trustee  

 Form of Indenture  

 Dated as of            , 2004  

 
 

CROSS-REFERENCE TABLE    
    

This
Cross-Reference Table is not part of the Indenture 

	Trust Indenture Act of 1939 Section
 
	 	Indenture Section

	310	 	(a)(1)	 	7.09
	 	 	(a)(2)	 	7.09
	 	 	(a)(3)	 	Not applicable
	 	 	(a)(4)	 	Not applicable
	 	 	(a)(5)	 	7.09
	 	 	(b)	 	7.08 and 7.10
	 	 	(c)	 	Not applicable
	311	 	(a)	 	*
	 	 	(b)	 	*
	 	 	(c)	 	Not applicable
	312	 	(a)	 	5.01
	 	 	(b)	 	*
	 	 	(c)	 	*
	313	 	(a)	 	5.03
	 	 	(b)(1)	 	Not applicable
	 	 	(b)(2)	 	*
	 	 	(c)	 	*
	 	 	(d)	 	*
	314	 	(a)	 	5.02
	 	 	(b)	 	Not applicable
	 	 	(c)(1)	 	14.05
	 	 	(c)(2)	 	14.05
	 	 	(c)(3)	 	Not applicable
	 	 	(d)	 	Not applicable
	 	 	(e)	 	14.05
	 	 	(f)	 	Not applicable
	315	 	(a)	 	7.01
	 	 	(b)	 	6.08
	 	 	(c)	 	7.01
	 	 	(d)	 	7.01
	 	 	(e)	 	6.09
	316	 	(a)(1)	 	6.01 and 6.07
	 	 	(a)(2)	 	Not applicable
	 	 	(b)	 	6.04
	 	 	(c)	 	*
	317	 	(a)	 	6.02
	 	 	(b)	 	4.04(a)
	318	 	(a)	 	14.08

	*
	Automatically
included under Section 318(c) of the Trust Indenture Act of 1939, as amended. 

  

 
 

TABLE OF CONTENTS    
    

	 
	 	 
	 	Page

	ARTICLE 1

Definitions
	Section 1.01.	 	Definitions	 	1
	

ARTICLE 2

DESCRIPTION, EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES
	Section 2.01.	 	Forms	 	6
	Section 2.02.	 	Amount Unlimited; Issuable in Series	 	7
	Section 2.03.	 	Authentication	 	9
	Section 2.04.	 	Date and Denomination of Securities	 	11
	Section 2.05.	 	Execution of Securities	 	12
	Section 2.06.	 	Exchange and Registration of Transfer of Securities	 	12
	Section 2.07.	 	Mutilated, Destroyed, Lost or Stolen Securities	 	15
	Section 2.08.	 	Temporary Securities	 	16
	Section 2.09.	 	Cancellation of Securities Paid, etc	 	17
	Section 2.10.	 	Computation of Interest	 	17
	Section 2.11.	 	Form of Legend for Global Securities	 	17
	

ARTICLE 3

REDEMPTION OF SECURITIES; SINKING FUNDS
	Section 3.01.	 	Applicability of Article	 	18
	Section 3.02.	 	Notice of Redemption; Selection of Securities	 	18
	Section 3.03.	 	Payment of Securities Called for Redemption	 	19
	Section 3.04.	 	Satisfaction of Mandatory Sinking Fund Payments with Securities	 	20
	Section 3.05.	 	Redemption of Securities for Sinking Fund	 	20
	Section 3.06.	 	Repayment at the Option of the Holder	 	22
	

ARTICLE 4

PARTICULAR COVENANTS OF THE COMPANY
	Section 4.01.	 	Payment of Principal, Premium and Interest	 	22
	Section 4.02.	 	Offices for Notices and Payments, etc	 	22
	Section 4.03.	 	Appointment to Fill Vacancies in Trustee's Office	 	23
	Section 4.04.	 	Provision as to Paying Agent	 	23
	Section 4.05.	 	Statement as to Compliance	 	24
	Section 4.06.	 	Additional Amounts	 	24
	

ARTICLE 5

SECURITYHOLDER LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE
	Section 5.01.	 	Securityholder Lists	 	25
	Section 5.02.	 	Reports by the Company	 	26
	Section 5.03.	 	Reports by the Trustee	 	26
	 	 	 	 	 

i

 

	 	 	ARTICLE 6

REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT	 	 
	Section 6.01.	 	Events of Default	 	26
	Section 6.02.	 	Payment of Securities on Default; Suit Therefor	 	29
	Section 6.03.	 	Application of Moneys Collected by Trustee	 	31
	Section 6.04.	 	Proceedings by Securityholders	 	32
	Section 6.05.	 	Proceedings by Trustee	 	33
	Section 6.06.	 	Remedies Cumulative and Continuing	 	33
	Section 6.07.	 	Direction of Proceedings and Waiver of Defaults by Securityholders	 	34
	Section 6.08.	 	Notice of Defaults	 	34
	Section 6.09.	 	Undertaking to Pay Costs	 	35
	

 	
 	

ARTICLE 7

CONCERNING THE TRUSTEE	
 	

 
	Section 7.01.	 	Duties and Responsibilities of Trustee	 	35
	Section 7.02.	 	Reliance on Documents, Opinions, etc	 	37
	Section 7.03.	 	No Responsibility for Recitals, etc	 	38
	Section 7.04.	 	Ownership of Securities	 	38
	Section 7.05.	 	Moneys to be Held in Trust	 	38
	Section 7.06.	 	Compensation and Expenses of Trustee	 	39
	Section 7.07.	 	Officers' Certificate as Evidence	 	39
	Section 7.08.	 	Indentures Not Creating Potential Conflicting Interests For The Trustee	 	39
	Section 7.09.	 	Eligibility of Trustee	 	40
	Section 7.10.	 	Resignation or Removal of Trustee	 	40
	Section 7.11.	 	Acceptance by Successor Trustee	 	41
	Section 7.12.	 	Succession by Merger, etc	 	43
	Section 7.13.	 	Other Matters Concerning the Trustee	 	43
	Section 7.14.	 	Appointment of Authenticating Agent	 	43
	

 	
 	

ARTICLE 8

CONCERNING THE SECURITYHOLDERS	
 	

 
	Section 8.01.	 	Action of Securityholders	 	45
	Section 8.02.	 	Proof of Execution by Securityholders	 	45
	Section 8.03.	 	Who Are Deemed Absolute Owners	 	46
	Section 8.04.	 	Company-Owned Securities Disregarded	 	46
	Section 8.05.	 	Revocation of Consents; Future Holders Bound	 	47
	

 	
 	

ARTICLE 9

SECURITYHOLDERS' MEETINGS	
 	

 
	Section 9.01.	 	Purposes of Meetings	 	47
	Section 9.02.	 	Call of Meetings by Trustee	 	47
	Section 9.03.	 	Call of Meetings by Company or Securityholders	 	48
	Section 9.04.	 	Qualifications for Voting	 	48
	Section 9.05.	 	Quorum; Adjourned Meetings	 	48
	Section 9.06.	 	Regulations	 	49
	Section 9.07.	 	Voting	 	50
	Section 9.08.	 	No Delay of Rights by Meeting	 	50
	 	 	 	 	 

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ARTICLE 10

SUPPLEMENTAL INDENTURES	
 	

 
	Section 10.01.	 	Supplemental Indentures without Consent of Securityholders	 	51
	Section 10.02.	 	Supplemental Indentures with Consent of Securityholders	 	52
	Section 10.03.	 	Compliance with Trust Indenture Act; Effect of Supplemental Indentures	 	53
	Section 10.04.	 	Notation on Securities	 	54
	Section 10.05.	 	Evidence of Compliance of Supplemental Indenture to be Furnished Trustee	 	54
	

 	
 	

ARTICLE 11

CONSOLIDATION, MERGER, SALE OR CONVEYANCE	
 	

 
	Section 11.01.	 	Company May Not Consolidate, etc., Except Under Certain Conditions	 	54
	Section 11.02.	 	Successor Corporation or Limited Liability Company to be Substituted	 	55
	Section 11.03.	 	Documents to be Given Trustee	 	55
	

 	
 	

ARTICLE 12

SATISFACTION AND DISCHARGE OF INDENTURE	
 	

 
	Section 12.01.	 	Discharge of Indenture	 	56
	Section 12.02.	 	Legal Defeasance	 	56
	Section 12.03.	 	Covenant Defeasance	 	58
	Section 12.04.	 	Deposited Moneys to be Held in Trust by Trustee; Miscellaneous Provisions	 	58
	Section 12.05.	 	Paying Agent to Repay Moneys Held	 	59
	Section 12.06.	 	Return of Unclaimed Moneys	 	59
	Section 12.07.	 	Reinstatement	 	59
	

 	
 	

ARTICLE 13

IMMUNITY OF INCORPORTORS, STOCKHOLDERS, OFFICERS AND DIRECTORS	
 	

 
	Section 13.01.	 	Indenture and Securities Solely Corporate Obligations	 	60
	

 	
 	

ARTICLE 14

MISCELLANEOUS PROVISIONS	
 	

 
	Section 14.01.	 	Provisions Binding on Company's Successors	 	60
	Section 14.02.	 	Official Acts by Successor Corporation	 	60
	Section 14.03.	 	Addresses for Notices, Notice to Holders, Waiver	 	60
	Section 14.04.	 	New York Contract	 	61
	Section 14.05.	 	Evidence of Compliance with Conditions Precedent	 	61
	Section 14.06.	 	Legal Holidays	 	62
	Section 14.07.	 	Securities in a Specified Currency other than Dollars	 	62
	Section 14.08.	 	Trust Indenture Act to Control	 	62
	Section 14.09.	 	Table of Contents, Headings, etc	 	63
	Section 14.10.	 	Execution in Counterparts	 	63
	Section 14.11.	 	Separability; Benefits	 	63

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        THIS INDENTURE, dated as of            , 2004 between Genworth Financial, Inc., a Delaware corporation (the "Company"), and JPMorgan
Chase Bank, a banking corporation duly
organized and existing under the laws of the State of New York (the "Trustee"), 

WITNESSETH: 

        WHEREAS,
the Company has duly authorized the issue from time to time of its unsecured debentures, notes or other evidences of indebtedness to be issued in one or more series (the
"Securities") up to such principal amount or amounts as may from time to time be authorized in accordance with the terms of this Indenture and to provide, among other things, for the authentication,
delivery and administration thereof, the Company has duly authorized the execution and delivery of this Indenture; and 

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

        NOW,
THEREFORE: 

        In
consideration of the premises and the purchases of the Securities by the holders thereof, the Company and the Trustee mutually covenant and agree for the equal and proportionate
benefit of the respective holders from time to time of the Securities as follows: 

 
 

ARTICLE 1
  DEFINITIONS    
    

        Section 1.01.    Definitions.    The terms defined in this Section 1.01 (except
as herein otherwise expressly provided or unless the context otherwise requires) for all purposes of this Indenture shall have the respective meanings specified in this Section 1.01. All other
terms used in this Indenture which are defined in the Trust Indenture Act of 1939, as amended, or which are by reference therein defined in the Securities Act of 1933, as amended (except as herein
otherwise expressly provided or unless the context otherwise requires), shall have the meanings assigned to such terms in said Trust Indenture Act
and in said Securities Act as in force at the date of this Indenture as originally executed. The words "herein," "hereof," and "hereunder" and other words of similar import refer to this Indenture as
a whole and not to any particular Article, Section or other subdivision. 

Authenticating Agent:  

        The term "Authenticating Agent" shall mean any Person authorized by the Trustee pursuant to Section 7.14 to act on behalf of the Trustee to authenticate
Securities. 

Beneficial Owner:  

        The term "Beneficial Owner" shall mean a Person who is the beneficial owner of a beneficial interest in a Global Security as reflected on the books of the
Depositary or on the books of a Person maintaining an account with such Depositary (directly as a Depositary participant or as an indirect participant, in each case in accordance with the rules of
such Depositary). 

Board of Directors:  

        The term "Board of Directors" shall mean the Board of Directors of the Company or any Committee of such Board or specified officers and employees of the Company
to which the powers of such Board have been lawfully delegated. 

Company:  

        The term "Company" shall mean Genworth Financial, Inc., a Delaware corporation, until any successor corporation or limited liability company shall have
become such pursuant to the provisions of Article Eleven, and thereafter "Company" shall mean such successor, except as otherwise provided in Section 11.02. 

 

Depositary:  

        The term "Depositary" shall mean, with respect to Securities of any series issuable in whole or in part in the form of one or more Global Securities, a clearing
agency registered under the Securities Exchange Act of 1934, as amended, that is designated to act as depositary for such Securities as contemplated by Section 2.02. 

Dollar:  

        The term "Dollar" shall mean the coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private
debts. 

Event of Default:  

        The term "Event of Default" shall have the meaning specified in Section 6.01. 

Global Security:  

        The term "Global Security" shall mean a Security that evidences all or part of the Securities of any series and bears the legend set forth in Section 2.11
(or such legend as may be specified as contemplated by Section 2.02 for such Securities). 

Indenture:  

        The term "Indenture" shall mean this instrument as originally executed or as it may be amended or supplemented from time to time as herein provided, and shall
include the form and terms of particular series of Securities established as contemplated hereunder. 

Interest:  

        The term "interest," when used with respect to a non-interest bearing Security, means interest payable after the principal thereof has become due and
payable whether at maturity, by declaration of acceleration, by call for redemption, pursuant to a sinking fund, or otherwise. 

Officers' Certificate:  

        The term "Officers' Certificate" shall mean a certificate signed by the President, the Chairman or any Vice Chairman of the Board or any Vice President and by the
Treasurer or any Assistant Treasurer, the Comptroller or the Secretary or any Assistant Secretary of the Company and delivered to the Trustee. Each such certificate shall comply with
Section 314 of the Trust Indenture Act of 1939 and include the statements provided for in Section 14.05 if and to the extent required by the provisions of such Section. 

Opinion of Counsel:  

        The term "Opinion of Counsel" shall mean an opinion in writing signed by legal counsel, who may be an employee of or of counsel to the Company, or may be other
counsel, in any case, satisfactory to the Trustee. Each such opinion shall comply with Section 314 of the Trust Indenture Act of 1939 and include the statements provided for in
Section 14.05 if and to the extent required by the provisions of such Sections. 

2

 

Original Issue Discount Security:  

        The term "Original Issue Discount Security" shall mean any Security which provides for an amount less than the principal amount thereof to be due and payable upon
a declaration of acceleration of the maturity thereof pursuant to Section 6.01. 

Overdue Rate:  

        The term "Overdue Rate" with respect to each series of Securities shall mean the rate of interest designated as such in the resolution of the Board of Directors
or the supplemental indenture, as the case may be, relating to such series as contemplated by Section 2.02, or if no such rate is specified, the rate at which such Securities shall bear
interest. 

Person:  

        The term "Person" shall mean any individual, corporation, partnership, joint venture, association, joint stock company, trust, unincorporated organization or
government or any agency or political subdivision thereof. 

Principal Office of the Trustee:  

        The term "principal office of the Trustee," or other similar term, shall mean the office of the Trustee at which at any particular time its corporate trust
business shall be principally administered. 

Responsible Officer:  

        The term "Responsible Officer" when used with respect to the Trustee shall mean the chairman or any vice chairman of the board of directors, the chairman or any
vice chairman of the executive committee of the board of directors, the president, any executive vice president, any senior vice president, any vice president, any second vice president, any assistant
vice president, the cashier, any assistant cashier, the secretary, any assistant secretary, the treasurer, any assistant treasurer, any trust officer, any assistant
trust officer, or any other officer or assistant officer of the Trustee customarily performing functions similar to those performed by the persons who at the time shall be such officers, respectively,
or to whom any corporate trust matter is referred because of his knowledge of and familiarity with the particular subject. 

Security or Securities; Outstanding:  

        The terms "Security" or "Securities" shall mean any Security or Securities, as the case may be, authenticated and delivered under this Indenture. 

        The
term "Outstanding," when used with reference to Securities, shall, subject to the provisions of Section 8.04, mean, as of any particular time, all Securities authenticated and
delivered by the Trustee under this Indenture, except 

        (a)   Securities theretofore cancelled by the Trustee or delivered to the Trustee for cancellation; 

        (b)   Securities, or portions thereof, for the payment or redemption of which moneys in the necessary amount shall have been
deposited in trust with the Trustee or with any paying agent (other than the Company) or shall have been set aside and segregated in trust by the Company (if the Company shall act as its own paying
agent), provided that if such Securities are to be redeemed prior to the maturity thereof, notice of such redemption shall have been mailed as in Article Three provided, or provision satisfactory to
the Trustee shall have been made for mailing such notice; 

3

 

        (c)   Securities as to which defeasance has been effected pursuant to Section 12.02; and 

        (d)   Securities in lieu of or in substitution for which other Securities shall have been authenticated and delivered, or which
shall have been paid, pursuant to the terms of Section 2.07, unless proof satisfactory to the Trustee is presented that any such Securities are held by persons in whose hands any of such
Securities is a valid, binding and legal obligation of the Company. 

In
determining whether the holders of the requisite principal amount of Outstanding Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder, the
principal
amount of an Original Issue Discount Security that shall be deemed to be Outstanding for such purposes shall be the amount of the principal thereof that would be due and payable as of the date of such
determination upon a declaration of acceleration of the maturity thereof pursuant to Section 6.01. 

Securityholder:  

        The term "Securityholder," "holder of Securities," or other similar terms, shall mean any person in whose name at the time a particular Security is registered on
the books of the Company kept for that purpose in accordance with the terms hereof. 

Significant Subsidiary:  

        The term "Significant Subsidiary" shall have the same meaning as the definition of that term set forth in Rule 1-02 of
Regulation S-X as promulgated by the Securities and Exchange Commission. 

Specified Currency:  

        The term "Specified Currency" shall mean the currency in which a Security is denominated, which may include Dollars, any foreign currency or any composite of two
or more currencies. 

Trust Indenture Act of 1939:  

        The term "Trust Indenture Act of 1939" shall mean the Trust Indenture Act of 1939 as it was in force at the date of execution of this Indenture, except as
provided in Section 10.03. 

Trustee:  

        The term "Trustee" shall mean the corporation or association named as Trustee in this Indenture and, subject to the provisions of Article Seven hereof, shall also
include its successors and assigns as Trustee hereunder. If pursuant to the provisions of this Indenture there shall be at any time more than one Trustee hereunder, the term "Trustee" as used with
respect to Securities of any series shall mean the Trustee with respect to Securities of that series. 

U.S. Government Obligations:  

        The term "U.S. Government Obligations" shall have the meaning specified in Section 12.02. 

 
 

ARTICLE 2
  DESCRIPTION, EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES    
    

        Section 2.01.    Forms.    (a) The Securities of each series shall be in substantially
such form as shall be established by or pursuant to a resolution of the Board of Directors or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions,
substitutions and other variations as are required or permitted by this Indenture, and may have such legends or endorsements placed thereon as the officers executing the same may approve (execution
thereof to be conclusive evidence of such approval) and as are not inconsistent with the provisions of this Indenture, or as may 

4

 

be
required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange on which the Securities of such series may be listed, or to
conform to usage. 

        (b)   The resolutions adopted by the Board of Directors or in one or more indentures supplemental hereto establishing the form
and terms of the Securities of any series pursuant to Sections 2.01 and 2.02, respectively, of this Indenture, may provide for issuance of Global Securities. If Securities of a series are so
authorized to be issued as Global Securities, any such Global Security may provide that it shall represent that aggregate amount of Securities from time to time endorsed thereon and may also provide
that the aggregate amount of Outstanding Securities represented thereby may from time to time be reduced to reflect exchanges. Any endorsement of a Global Security to reflect the amount, or any
increase or decrease in the amount or changes in the rights of holders of Securities represented thereby, shall be made in such manner and by such person or persons as shall be specified therein. 

        (c)   The Trustee's Certificate of Authentication on all Securities shall be in substantially the following form: 

        "This
is one of the Securities of the series designated therein described in the within-mentioned Indenture. 

	 	 	JPMORGAN CHASE BANK, as Trustee
	 	 	 	 	 
	 	 	 	 	 
	 	 	By:	 	 
	 	 	 	 	
 Authorized Officer

        Section 2.02.    Amount Unlimited; Issuable in Series.    The aggregate principal
amount of Securities which may be authenticated and delivered under this Indenture is unlimited. 

        The
Securities may be issued in one or more series. There shall be established in or pursuant to a resolution of the Board of Directors or established in one or more indentures
supplemental hereto, prior to the issuance of Securities of any series: 

        (1)   the
title of the Securities of the series (which shall distinguish the Securities of the series from all other Securities); 

        (2)   any
limit upon the aggregate principal amount of the Securities of the series which may be authenticated and delivered under this Indenture (except for Securities
authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Sections 2.06, 2.07, 2.08, 3.03, 3.06 or 10.04); 

        (3)   the
date or dates on which the principal and premium, if any, of the Securities of the series is payable; 

        (4)   the
rate or rates, or the method of determination thereof, at which the Securities of the series shall bear interest, if any, the date or dates from which such interest
shall accrue, the interest payment dates on which such interest shall be payable and, if other than as set forth in Section 2.04, the record dates for the determination of holders to whom
interest is payable; 

        (5)   in
addition to the office or agency of the Company in the Borough of Manhattan, The City of New York required to be maintained pursuant to Section 4.02, any other
place or places where the principal of, and premium, if any, and any interest on Securities of the series shall be payable; 

        (6)   the
Specified Currency of the Securities of the series; 

5

 

        (7)   the
currency or currencies in which payments on the Securities of the series are payable, if other than the Specified Currency; 

        (8)   the
price or prices at which, the period or periods within which and the terms and conditions upon which Securities of the series may be redeemed, in whole or in part,
at the option of the Company, pursuant to any sinking fund or otherwise; 

        (9)   the
obligation, if any, of the Company to redeem, purchase or repay Securities of the series pursuant to any sinking fund or analogous provisions or at the option of a
holder thereof and the price at which or process by which and the period or periods within which and the terms and conditions upon which Securities of the series shall be redeemed, purchased or
repaid, in whole or in part, pursuant to such obligation; 

        (10) if
other than denominations of $1,000 and any integral multiple thereof, the denominations in which Securities of the series shall be issuable; 

        (11) if
other than the principal amount thereof, the portion of the principal amount of Securities of the series which shall be payable upon declaration of acceleration of
the maturity thereof pursuant to Section 6.01; 

        (12) if
the principal of or interest on the Securities of the series are to be payable, at the election of the Company or a holder thereof, in a coin or currency other than
the Specified Currency, the period or periods within which, and the terms and conditions upon which, such election may be made; 

        (13) if
the amount of payments of principal of and interest on the Securities of the series may be determined with reference to an index based on a coin or currency other
than the Specified Currency, the manner in which such amounts shall be determined; 

        (14) any
Events of Default with respect to the Securities of the series, if not set forth herein; 

        (15) if
other than the rate of interest stated in the title of the Securities of the series, the applicable Overdue Rate; 

6

  

        (16) in
the case of any series of non-interest bearing Securities, the applicable dates for purposes of clause (a) of Section 5.01; 

        (17) if
other than JPMorgan Chase Bank is to act as Trustee for the Securities of the series, the name and Principal Office of such Trustee; 

        (18) if
either or both of Sections 12.02 and 12.03 do not apply to any Securities of the series; 

        (19) if
applicable, that any Securities of the series shall be issuable in whole or in part in the form of one or more Global Securities and, in such case, the name of the
respective Depositaries for such Global Securities, the form of any legend or legends which shall be borne by any such Global Security in addition to or in lieu of that set forth in
Section 2.11 and any circumstances in addition to or in lieu of those set forth in clause (2) of Section 2.06 in which any such Global Security may be exchanged in whole or in
part for Securities registered, and any transfer of such Global Security in whole or in part may be registered, in the name or names of Persons other than the Depositary for such Global Security or a
nominee thereof; 

        (20) any
addition to the covenants set forth in Article Four which applies to Securities of the series and whether any such covenant shall be subject to covenant defeasance
under Section 12.03; and 

        (21) any
other terms of the series (which terms shall not be inconsistent with the provisions of this Indenture). 

        All
Securities of any one series shall be substantially identical except as to denomination and except as may otherwise be provided in or pursuant to such resolution of the Board of
Directors or in any such indenture supplemental hereto. 

        Notwithstanding
Section 2.02(2) herein and unless otherwise expressly provided with respect to a series of Securities, the aggregate principal amount of a series of Securities may
be increased and additional Securities of such series may be issued up to the maximum aggregate principal amount authorized with respect to such series as increased;  provided that no Event of Default
with respect to such series has occurred and is continuing. 

        Section 2.03.    Authentication.    At any time and from time to time after the
execution and delivery of this Indenture, the Company may deliver Securities of any series executed by the Company to the Trustee for authentication. Except as otherwise provided in this Article Two,
the Trustee shall thereupon authenticate and deliver said Securities to or upon the written order of the Company, signed by its President, its Chairman or any Vice Chairman of the Board or one of its
Vice Presidents and by its Treasurer, its Controller or its Secretary. In authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation to such
Securities, the Trustee shall be entitled to receive and (subject to Section 7.01) shall be fully protected in relying upon: 

        (1)   a
copy of any resolution or resolutions of the Board of Directors relating thereto and, if applicable, an appropriate record of any action taken pursuant to such
resolution, in each case certified by the Secretary or an Assistant Secretary of the Company; 

        (2)   an
executed supplemental indenture, if any, relating thereto; 

        (3)   an
Officers' Certificate prepared in accordance with Section 14.05 which shall also state to the best knowledge of the signers of such Certificate that no Event
of Default with respect to any series of Securities shall have occurred and be continuing; and 

        (4)   an
Opinion of Counsel prepared in accordance with Section 14.05 to the effect 

7

 

        (a)   that the form of such Securities has been established by or pursuant to a resolution of the Board of Directors or by a
supplemental indenture as permitted by Section 2.01 in conformity with the provisions of this Indenture; 

        (b)   that the terms of such Securities have been established by or pursuant to a resolution of the Board of Directors or by a
supplemental indenture as permitted by Section 2.02 in conformity with the provisions of this Indenture; 

        (c)   that the Company has all requisite corporate power and authority to execute and deliver such Securities; 

        (d)   that the execution and delivery of such Securities by the Company have been duly authorized by all necessary corporate
action on the part of the Company; 

        (e)   that such Securities have been duly and validly executed, and when duly authenticated by the Trustee and issued by the
Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute the legal, valid and binding obligations of the Company, enforceable against it in accordance
with their terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar laws affecting creditors' rights and remedies generally, and subject, as
to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at law
or in equity); and 

        (f)    that the execution and delivery by the Company of such Securities and the performance by the Company of its obligations
thereunder will not conflict with, constitute a default under or violate any of the terms, conditions or provisions of the organizational certificate or bylaws of the Company. 

        The
Trustee shall have the right to decline to authenticate and deliver or cause to be authenticated and delivered any Securities under this Section 2.03 if the Trustee, being
advised by counsel, determines that such action may not lawfully be taken or if the Trustee in good faith by its board of directors or trustees, executive committee, or a trust committee of directors
or trustees and/or vice presidents shall determine that such action would expose the Trustee to personal liability to existing Securityholders. 

        Section 2.04.    Date and Denomination of Securities.    The Securities of each series
shall be issuable in registered form without coupons in such denominations as shall be specified as contemplated by Section 2.02. In the absence of any such specification with respect to the
Securities of any series, the Securities of such series shall be issuable in denominations of $1,000 and any multiple of $1,000. Securities of each series shall be numbered, lettered or otherwise
distinguished in such manner or in accordance with such plan as the officers of the Company executing the same may determine with the approval of the Trustee. 

        Every
Security shall be dated the date of its authentication. 

        The
person in whose name any Security of a particular series is registered at the close of business on any record date (as hereinafter defined) with respect to any interest payment date
for such series shall be entitled to receive the interest payable on such interest payment date notwithstanding the cancellation of such Security upon any registration of transfer or exchange
subsequent to the record date and prior to such interest payment date; provided, however, that if and to the extent that the Company shall default in
the payment of the interest due on such interest payment date, such defaulted interest shall be paid to the persons in whose names Outstanding Securities of such series are registered on a subsequent
record date established by notice given by mail by or on behalf of the Company to the holders of such Securities not less than 15 days preceding such subsequent record date, such record date to
be not less than five days preceding the date of payment of such defaulted interest. Except as otherwise specified as contemplated by Section 2.02 for Securities of a particular 

8

 

series,
the term "record date" as used in this Section 2.04 with respect to any regular interest payment date, shall mean, the last day of the calendar month preceding such interest payment
date if such interest payment date is the fifteenth day of such calendar month, and shall mean the fifteenth day of the calendar month preceding such interest payment date if such interest payment
date is the first day of a calendar month, whether or not such day shall be a day on which banking institutions in The City of New York are authorized or required by law or executive order to close or
remain closed. 

        Interest
on the Securities may at the option of the Company be paid by check mailed to the persons entitled thereto at their respective addresses as such appear on the registry books of
the Company. 

        Section 2.05.    Execution of Securities.    The Securities shall be signed in the name
and on behalf of the Company by the manual or facsimile signature of its President, its Chairman of the Board or Chief Financial Officer and its Treasurer or Assistant Treasurer, its Secretary or
Assistant Secretary. Only such Securities as shall bear thereon a certificate of authentication substantially in the form herein recited, executed by the Trustee by the manual signature of an
authorized officer, shall be entitled to the benefits of this Indenture or be valid or obligatory for any purpose. Such certificate by the Trustee upon any Security executed by the Company shall be
conclusive evidence that the Security so authenticated has been duly authenticated and delivered hereunder and that the holder is entitled to the benefits of this Indenture. 

        In
case any officer of the Company who shall have signed any of the Securities shall cease to be such officer before the Securities so signed shall have been authenticated and delivered
by the Trustee, or disposed of by the Company, such Securities nevertheless may be authenticated and delivered or disposed of as though the person who signed such Securities had not ceased to be such
officer of the Company; and any Security may be signed on behalf of the Company by such persons as, at the actual date of the execution of such Security, shall be the proper officers of the Company,
although at the date of the execution of this Indenture any such person was not such an officer. 

        Section 2.06.    Exchange and Registration of Transfer of Securities.    Securities of
any series may be exchanged for a like aggregate principal amount of Securities of the same series of other authorized
denominations. Securities to be exchanged shall be surrendered, at the option of the holders thereof, either at the office or agency designated and maintained by the Company for such purpose in the
Borough of Manhattan, The City of New York, in accordance with the provisions of Section 4.02 or at any of such other offices or agencies as may be designated and maintained by the Company for
such purpose in accordance with the provisions of Section 4.02, and the Company shall execute and register and the Trustee shall authenticate and deliver in exchange therefor the Security or
Securities which the Securityholder making the exchange shall be entitled to receive. Each person designated by the Company pursuant to the provisions of Section 4.02 as a person authorized to
register and register transfer of the Securities is sometimes herein referred to as a "Security registrar". 

        The
Company shall keep, at each such office or agency, a register for each series of Securities issued hereunder (the registers of all Security registrars being herein sometimes
collectively referred to as the "Security register" or the "registry books of the Company") in which, subject to such reasonable regulations as it may prescribe, the Company shall register Securities
and shall register the transfer of Securities as in this Article Two provided. The Security register shall be in written form or in any other form capable of being converted into written form within a
reasonable time. At all reasonable times the Security registrar shall be open for inspection by the Trustee and any Security registrar other than the Trustee. Upon due presentment for registration or
registration of transfer of any Security of any series at any designated office or agency, the Company shall execute and register and the Trustee shall authenticate and deliver in the name of the
transferee or transferees a new Security or Securities of the same series for an equal aggregate principal amount. Registration or registration of transfer of any Security by any Security registrar in
the registry books of the Company maintained by such Security 

9

 

registrar,
and delivery of such Security, duly authenticated, shall be deemed to complete the registration or registration of transfer of such Security. 

        No
person shall at any time be designated as or act as a Security registrar unless such person is at such time empowered under applicable law to act as such under and to the extent
required by applicable law and regulations. 

        All
Securities presented for registration of transfer or for exchange, redemption or payment shall (if so required by the Company or the Trustee) be duly endorsed by, or be accompanied
by a written instrument or instruments of transfer or exchange in form satisfactory to the Company and the Trustee duly executed by, the holder or his attorney duly authorized in writing. 

        No
service charge shall be made for any exchange or registration of transfer of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection therewith. 

        The
Company shall not be required to exchange or register a transfer of (a) any Securities of any series for the period of 15 days next preceding the selection of
Securities of that series to be redeemed and thereafter until the date of the mailing of a notice of redemption of Securities of that series selected for redemption, or (b) any Securities
selected, called or being called for redemption in whole or in part except, in the case of any Security to be redeemed in part, the portion thereof not so to be redeemed. 

        The
provisions of clauses (1), (2), (3), (4), (5), (6) and (7) below shall apply only to Global Securities: 

        (1)   Each
Global Security authenticated under this Indenture shall be registered in the name of the Depositary designated for such Global Security or a nominee thereof and
delivered to such Depositary or nominee thereof or custodian therefor, and each such Global Security shall constitute a single Security for all purposes under this Indenture. 

        (2)   Notwithstanding
any other provision in this Indenture, no Global Security may be exchanged in whole or in part for Securities registered, and no transfer of a Global
Security in whole or in part may be registered, in the name of any Person other than the Depositary for such Global Security or a nominee thereof unless (A) such Depositary (i) has
notified the Company that it is unwilling or unable to continue its services as Depositary for such Global Security and no successor Depositary has been appointed within 90 days after such
notice or (ii) ceases to be a "clearing agency" registered under Section 17A of the Securities Exchange Act of 1934 when the Depositary is required to be so registered to act as the
Depositary and so notifies the Company, and no successor Depositary has been appointed within 90 days after such notice, (B) the Company determines at any time that the Securities shall
no longer be represented by Global Securities and shall inform such Depositary of such determination and participants in such Depositary elect to withdraw their beneficial interests in the Securities
from such Depositary, following notification by the Depositary of their right to do so, or (C) such exchange is made upon request by or on behalf of the Depositary in accordance with customary
procedures, following the request of a Beneficial Owner seeking to exercise or enforce its rights under the Securities. 

        (3)   Subject
to clause (2) above, any exchange of a Global Security for other Securities may be made in whole or in part, and all Securities issued in exchange for a
Global Security or any portion thereof shall be registered in such names as the Depositary for such Global Security shall direct. 

        (4)   Every
Security authenticated and delivered upon registration of transfer of, or in exchange for or in lieu of, a Global Security or any portion thereof shall be
authenticated and 

10

 

delivered
in the form of, and shall be, a Global Security, unless such Security is registered in the name of a Person other than the Depositary for such Global Security or a nominee thereof. 

        (5)   Subject
to the provisions of clause (7) below, the registered Holder may grant proxies and otherwise authorize any Person, including Agent Members (as defined
below in clause (7)) and Persons that may hold interests through Agent Members, to take any action which a Holder is entitled to take under this Indenture or the Securities. 

        (6)   In
the event of the occurrence of any of the events specified in clause (2) above, the Company will promptly make available to the Trustee a reasonable supply of
certificated Securities in definitive, fully registered form, without interest coupons. 

        (7)   Neither
any members of, or participants in, the Depositary (collectively, the "Agent Members") nor any other Persons on whose behalf Agent Members may act shall have any
rights under this Indenture with respect to any Global Security registered in the name of the Depositary or any nominee thereof, or under any such Global Security, and the Depositary or such nominee,
as the case may be, may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner and holder of such Global Security for all purposes whatsoever.
Notwithstanding the foregoing, nothing herein shall prevent the Company or the Trustee or any agent of the Company or the Trustee from giving effect to any written certification, proxy or other
authorization furnished by the Depositary or such nominee, as the case may be, or impair, as between the Depositary, its Agent Members and any other person on whose behalf an Agent Member may act, the
operation of customary practices of such Persons governing the exercise of the rights of a holder of any Security. 

        Section 2.07.    Mutilated, Destroyed, Lost or Stolen Securities.    In case any
temporary or definitive Security shall become mutilated or be destroyed, lost or stolen, the Company in the case of a mutilated Security shall, and in the case of a lost, stolen or destroyed Security
may in its discretion, execute and, upon the written request or authorization of any officer of the Company, the Trustee shall authenticate and deliver, a new Security of the same series, bearing a
number not contemporaneously Outstanding, in exchange and substitution for the mutilated Security, or in lieu of and in substitution for the Security so destroyed, lost or stolen. In every case the
applicant for a substituted Security shall furnish to the Company and to the Trustee such security or indemnity as may be required by them to save each of them harmless, and, in every case of
destruction, loss or theft, the applicant shall also furnish the Company and to the Trustee evidence to their satisfaction of the destruction, loss or theft of such Security and the ownership thereof. 

        Upon
the issuance of any substituted Security, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation
thereto and any other expenses connected therewith. In case any Security which has matured or is about to mature shall become mutilated or be destroyed, lost or stolen, the Company may, instead of
issuing a substituted Security, pay or authorize the payment of the same (without surrender thereof except in the case of a mutilated Security) if the applicant for such payment shall furnish to the
Company and to the Trustee such security or indemnity as may be required by them to save each of them harmless and, in case of destruction, loss or theft, evidence satisfactory to the Company and the
Trustee of the destruction, loss or theft of such Security and the ownership thereof. 

        Every
substituted Security issued pursuant to the provisions of this Section 2.07 by virtue of the fact that any Security is destroyed, lost or stolen shall constitute an
additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be found at any time, and shall be entitled to all the benefits of this Indenture equally
and proportionately with any and all other Securities of the same series duly issued hereunder. All Securities shall be held and owned upon the express condition that the foregoing provisions are
exclusive with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities and shall preclude (to the extent lawful) any 

11

 

and
all other rights or remedies with respect to the replacement or payment of negotiable instruments or other securities without their surrender. 

        Section 2.08.    Temporary Securities.    Pending the preparation of definitive
Securities of any series the Company may execute and the Trustee shall authenticate and deliver temporary Securities (printed, lithographed or typewritten). Temporary Securities shall be issuable in
any authorized denomination and substantially in the form of the definitive Securities in lieu of which they are issued, but with such omissions, insertions and variations as may be appropriate for
temporary Securities, all as may be determined by the Company. Every such temporary Security shall be authenticated by the Trustee upon the same conditions and in substantially the same manner, and
with the same effect, as the definitive Securities in lieu of which they are issued. Without unreasonable delay the Company will execute and deliver to the Trustee definitive Securities of such series
and thereupon any or all temporary Securities of such series may be surrendered in exchange therefor, at the option of the holders thereof, either at the office or agency to be designated and
maintained by the Company for such purpose in the Borough of Manhattan, The City of New York, in accordance with the provisions of Section 4.02 or at any of such other offices or agencies as
may be designated and maintained by the Company for such purpose in accordance with the provisions of Section 4.02, and the Trustee shall authenticate and deliver in exchange for such temporary
Securities an equal aggregate principal amount of definitive Securities of the same series. Such exchange shall be made by the Company at its own expense and without any charge therefor. Until so
exchanged, the temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of the same series authenticated and delivered
hereunder. 

12

  

        Section 2.09.    Cancellation of Securities Paid, etc.    All
Securities surrendered for the purpose of payment, redemption, repayment, exchange or registration of transfer or for credit against any sinking fund shall, if surrendered to the Company, any Security
registrar, any paying agent or any other agent of the Company or of the Trustee, be delivered to the Trustee and promptly cancelled by it, or, if surrendered to the Trustee, shall be promptly
cancelled by it, and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee may dispose of cancelled Securities in
accordance with its customary procedures and deliver a certificate of such disposition to the Company or, at the written request of the Company, shall deliver cancelled Securities to the Company. If
the Company shall acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the
same are delivered to the Trustee for cancellation. 

        Section 2.10.    Computation of Interest.    Except as
otherwise specified as contemplated by Section 2.02 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of
twelve 30-day months. 

        Section 2.11.    Form of Legend for Global
Securities.    Unless otherwise specified as contemplated by Section 2.02 for the Securities evidenced thereby, every Global Security authenticated and
delivered hereunder shall bear a legend in substantially the following form (or such other form as a securities exchange or Depositary may request or require): 

        THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY OR A NOMINEE OF THE
DEPOSITORY TRUST COMPANY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITORY TRUST COMPANY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES
DESCRIBED IN THE INDENTURE AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TRUST COMPANY TO A NOMINEE OF THE DEPOSITORY TRUST COMPANY OR BY A NOMINEE OF THE DEPOSITORY TRUST COMPANY TO
THE DEPOSITORY TRUST COMPANY OR ANOTHER NOMINEE OF THE DEPOSITORY TRUST COMPANY. 

        UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER 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 DTC (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. 

 
 

ARTICLE 3
  REDEMPTION OF SECURITIES; SINKING FUNDS    
    

        Section 3.01.    Applicability of Article.    The provisions of
this Article shall be applicable, as the case may be, (i) to the Securities of any series which are redeemable before their maturity and (ii) to any sinking fund for the retirement of
Securities of any series, in either case except as otherwise specified as contemplated by Section 2.02 for Securities of such series. 

        The
minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a "mandatory sinking fund payment", and any payment in
excess of such 

13

 

minimum
amount provided for by the terms of Securities of any series is herein referred to as an "optional sinking fund payment". 

        Section 3.02.    Notice of Redemption; Selection of
Securities.    In case the Company shall desire to exercise any right to redeem all, or, as the case may be, any part of, the Securities of any series in accordance
with their terms, it shall fix a date for redemption and shall mail a notice of such redemption at least 30 and not more than 60 days prior to the date fixed for redemption to the holders of
Securities of such series so to be redeemed as a whole or in part at their last addresses as the same appear on the registry books of the Company and to the Trustee, except as the resolutions adopted
by the Board of Directors to establish the terms of any series of Securities may otherwise provide. Such mailing shall be by first class mail. The notice if mailed in the manner herein provided shall
be conclusively presumed to have been duly given, whether or not the holder receives such notice. In any case, failure to give such notice by mail or any defect in the notice to the holder of any
Security of a series designated for redemption as a whole or in part shall not affect the validity of the proceedings for the redemption of any other Security of such series. 

        Each
such notice of redemption shall specify the date fixed for redemption, the redemption price at which the Securities of such series are to be redeemed (or if not then ascertainable,
the manner of calculation thereof), the place or places of payment, that payment will be made upon presentation and
surrender of such Securities, that any interest accrued to the date fixed for redemption will be paid as specified in said notice, and that on and after said date any interest thereon or on the
portions thereof to be redeemed will cease to accrue. Where the redemption price is not ascertainable at the time the notice of redemption is given as aforesaid, the Company shall notify the Trustee
of said redemption price promptly after the calculation thereof. If less than all the Securities of a series are to be redeemed the notice of redemption shall specify the number or numbers of the
Securities of that series to be redeemed. In case any Security of a series is to be redeemed in part only, the notice of redemption shall state the portion of the principal amount thereof to be
redeemed and shall state that on and after the date fixed for redemption, upon surrender of such Security, a new Security or Securities of that series in principal amount equal to the unredeemed
portion thereof will be issued. 

        Prior
to the redemption date specified in the notice of redemption given as provided in this Section 3.02, the Company will deposit with the Trustee or with one or more paying
agents (or if the Company is acting as its own paying agent will segregate and hold in trust as provided in Section 4.04) an amount of money sufficient to redeem on the redemption date all the
Securities or portions thereof so called for redemption, together with accrued interest to the date fixed for redemption. If less than all the Securities of a series are to be redeemed the Company
will give the Trustee notice not less than 60 days (or such shorter period as may be acceptable to the Trustee) prior to the redemption date as to the aggregate principal amount of Securities
of such series to be redeemed and the Trustee shall select or cause to be selected, in such manner as in its sole discretion it shall deem appropriate and fair, the Securities of that series or
portions thereof to be redeemed. Securities of a series may be redeemed in part only in multiples of the smallest authorized denomination of that series. 

        Section 3.03.    Payment of Securities Called for
Redemption.    If notice of redemption has been given as provided in Section 3.02 or Section 3.05, the Securities or portions of Securities of the
series with respect to which such notice has been given shall become due and payable on the date and at the place or places stated in such notice at the applicable redemption price, together with any
interest accrued to the date fixed for redemption, and on and after said date (unless the Company shall default in the payment of such Securities or portions of such Securities, together with any
interest accrued to said date) any interest on the Securities of such series or portions of Securities of such series so called for redemption shall cease to accrue. On presentation and surrender of
such Securities at a place of payment in said notice specified, the said Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable redemption price,
together with any interest accrued thereon to the date fixed for redemption; provided, however, that any regularly scheduled installment of 

14

 

interest
becoming due on or prior to the date fixed for redemption shall be payable to holders of such Securities registered as such on the relevant record date according to their terms. 

        Upon
presentation of any Security redeemed in part only, the Company shall execute and the Trustee shall authenticate and deliver to the holder thereof, at the expense of the Company, a
new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unredeemed portion of the Security so presented. 

        Section 3.04.    Satisfaction of Mandatory Sinking Fund Payments with
Securities.    In lieu of making all or any part of any mandatory sinking fund payment with respect to any Securities of a series in cash, the Company may at its
option (a) deliver to the Trustee Securities of that series theretofore purchased or otherwise acquired by the Company, or (b) receive credit for the principal amount of Securities of
that series which have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to
the terms of such Securities; provided that such Securities have not been previously so credited. Such Securities shall be received and credited for
such purpose by the Trustee at the redemption price specified in such Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be
reduced accordingly. 

        Section 3.05.    Redemption of Securities for Sinking
Fund.    Not less than 60 days prior to each sinking fund payment date for any series of Securities, the Company will deliver to the Trustee a certificate
signed by the Treasurer or any Assistant Treasurer of the Company specifying the amount of the next ensuing sinking fund payment for that series pursuant to the terms of that series, the portion
thereof, if any, which is to be satisfied by payment of cash (which cash may be deposited with the Trustee or with one or more paying agents, or if the Company is acting as its own paying agent
segregated and held in trust as provided in Section 4.04) and the portion thereof, if any, which is to be satisfied by delivering and crediting Securities of that series pursuant to
Section 3.04 (which Securities, if not theretofore delivered, will accompany such certificate) and whether the Company intends to exercise its right to make a permitted optional sinking fund
payment with respect to such series. Such certificate shall also state that no Event of Default has occurred and is continuing with respect to such series. Such certificate shall be irrevocable and
upon its delivery the Company shall be obligated to make the cash payment or payments therein referred to, if any, on or before the next succeeding sinking fund payment date. In the case of the
failure of the Company to deliver such certificate (or to deliver the Securities specified in this paragraph), the sinking fund payment due on the next succeeding sinking fund payment date for that
series shall be paid entirely in cash and shall be sufficient to redeem the principal amount of such Securities subject to a mandatory sinking fund payment without the option to deliver or credit
Securities as provided in Section 3.04 and without the right to make any optional sinking fund payment, if any, with respect to such series. 

        Any
sinking fund payment or payments (mandatory or optional) made in cash plus any unused balance of any preceding sinking fund payments made in cash which shall equal or exceed $100,000
or the equivalent amount in the Specified Currency (if other than Dollars) (or a lesser sum if the Company shall so request or determine) with respect to the Securities of any particular series shall
be applied by the Trustee (or by the Company if the Company is acting as its own paying agent) on the sinking fund payment date on which such payment is made (or, if such payment is made before a
sinking fund payment date, on the next sinking fund payment date following the date of such payment) to the redemption of such Securities at the redemption price specified in such Securities for
operation of the sinking fund together with accrued interest, if any, to the date fixed for redemption. Any sinking fund moneys not so applied or allocated by the Trustee (or by the Company if the
Company is acting as its own paying agent) to the redemption of Securities shall be added to the next cash sinking fund payment received by the Trustee (or if the Company is acting as its own paying
agent, segregated and held in trust as provided in Section 4.04) for such series and, together with such payment (or such amount so segregated), shall be applied in accordance with the
provisions of this Section 3.05. Any and 

15

 

all
sinking fund moneys with respect to the Securities of any particular series held by the Trustee (or if the Company is acting as its own paying agent, segregated and held in trust as provided in
Section 4.04) on the last sinking fund payment date with respect to Securities of such series and not held for the payment or redemption of particular Securities of such series shall be applied
by the Trustee (or by the Company if the Company is acting as its own paying agent), together with other moneys, if necessary, to be deposited (or segregated) sufficient for the purpose, to the
payment of the principal of the Securities of that series at maturity. 

        The
Trustee shall select or cause to be selected the Securities to be redeemed upon such sinking fund payment date in the manner specified in the last paragraph of Section 3.02
and the Company shall cause notice of the redemption thereof to be given in the manner provided in Section 3.02 except that the notice of redemption shall also state that the Securities are
being redeemed by operation of the sinking fund. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Section 3.03. 

        On
or before each sinking fund payment date, the Company shall pay to the Trustee in cash (or if the Company is acting as its own paying agent will segregate and hold in trust as
provided in Section 4.04) a sum equal to any interest accrued to the date fixed for redemption of Securities or portions thereof to be redeemed on such sinking fund payment date pursuant to
this Section. 

        Neither
the Trustee nor the Company shall redeem any Securities of a series with sinking fund moneys or mail any notice of redemption of such Securities by operation of the sinking fund
for such series during the continuance of a default in payment of interest, if any, on such Securities or of any Event of Default (other than an Event of Default occurring as a consequence of this
paragraph) with respect to such Securities, except that if the notice of redemption of any such Securities shall theretofore have been mailed in accordance with the provisions hereof, the Trustee (or
the Company if the Company is acting as its own paying agent) shall redeem such Securities if cash sufficient for that purpose shall be deposited with the Trustee (or segregated by the Company) for
that purpose in accordance with the
terms of this Article. Except as aforesaid, any moneys in the sinking fund for such series at the time when any such default or Event of Default shall occur and any moneys thereafter paid into such
sinking fund shall, during the continuance of such default or Event of Default, be held as security for the payment of such Securities; provided,
however, that in case such default or Event of Default shall have been cured or waived as provided herein, such moneys shall thereafter be applied on the next sinking fund
payment date for such Securities on which such moneys may be applied pursuant to the provisions of this Section. 

        Section 3.06.    Repayment at the Option of the Holder.    Any
series of Securities may be made, by provision contained in or established pursuant to a supplemental indenture or a resolution of the Board of Directors pursuant to Section 2.02 hereof,
subject to repayment, in whole or in part, at the option of the holder on a date or dates specified prior to maturity, at a price equal to 100% of the principal amount thereof, together with accrued
interest to the date of repayment, on such notice as may be required, provided, however, that the holder of a Security may only elect partial repayment in an amount that will result in the portion of
such Security that will remain Outstanding after such repayment constituting an authorized denomination, or combination thereof, of such Securities. 

 
 

ARTICLE 4
  PARTICULAR COVENANTS OF THE COMPANY    
    

        Section 4.01.    Payment of Principal, Premium and
Interest.    The Company covenants and agrees for the benefit of each series of Securities that it will duly and punctually pay or cause to be paid the principal of,
premium, if any, and interest, if any, on each of the Securities of that series at the places, at the respective times and in the manner provided in such Securities. 

16

 

        Section 4.02.    Offices for Notices and Payments, etc.    As
long as any of the Securities of a series remain Outstanding, the Company will designate and maintain in the Borough of Manhattan, The City of New York, an office or agency where the Securities of
that series may be presented for payment, an office or agency where the Securities of that series may be presented for registration of transfer and for exchange as in this Indenture provided and an
office or agency where notices and demands to or upon the Company in respect of the Securities of that series or of this Indenture may be served. In addition to such office or offices or agency or
agencies, the Company may from time to time designate and maintain one or more additional offices or agencies within or outside the Borough of Manhattan, The City of New York, where the Securities of
that series may be presented for registration of transfer or for exchange, and the Company may from time to time rescind such designation, as it may deem desirable or expedient. The Company will give
to the Trustee written notice of the location of each such office or agency and of any change of location thereof. In case the Company shall fail to maintain
any such office or agency in the Borough of Manhattan, The City of New York, or shall fail to give such notice of the location or of any change in the location thereof, presentations and demands may
be made and notices may be served at the principal office of the Trustee. 

        The
Company hereby initially designates the office of the Trustee located at 4 New York Plaza, New York, New York 10004 as the office or agency of the Company in the Borough of
Manhattan, The City of New York, where the Securities of each series may be presented for payment, for registration of transfer and for exchange as in this Indenture provided and where notices and
demands to or upon the Company in respect of the Securities of each series or of this Indenture may be served. 

        Section 4.03.    Appointment to Fill Vacancies in Trustee's
Office.    The Company, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner provided in Section 7.10, a
successor trustee, so that there shall at all times be a Trustee with respect to each series of Securities hereunder. 

        Section 4.04.    Provision as to Paying Agent.    (a) If the
Company shall appoint a paying agent other than the Trustee with respect to the Securities of any series, it will cause such paying agent to execute and deliver to the Trustee an instrument in which
such agent shall agree with the Trustee, subject to the provisions of this Section 4.04: 

        (1)   that
it will hold all sums held by it as such agent for the payment of the principal of, premium, if any, or interest, if any, on the Securities of such series (whether
such sums have been paid to it by the Company or by any other obligor on the Securities of such series) in trust for the benefit of the holders of the Securities of such series; 

        (2)   that
it will give the Trustee notice of any failure by the Company (or by any other obligor on the Securities of such series) to make any payment of the principal of,
premium, if any, or interest, if any, on the Securities of such series when the same shall be due and payable; and 

17

  

        (3)   that
at any time during the continuance of any failure by the Company (or by any other obligor on the Securities of such series) specified in the preceding
paragraph (2), such payment agent will, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by it. 

        (b)   If the Company shall act as its own paying agent with respect to the Securities of any series, it will, on or before each
due date of the principal of, premium, if any, or interest, if any, on the Securities of such series, set aside, segregate and hold in trust for the benefit of the holders of such Securities a sum
sufficient to pay such principal, premium, if any, or interest, if any, so becoming due and will promptly notify the Trustee of any failure to take such action and of any failure by the Company (or by
any other obligor on the Securities of such series) to make any payment of the principal of, premium, if any, or interest, if any, on the Securities of such series when the same shall become due and
payable. 

        (c)   Anything in this Section 4.04 to the contrary notwithstanding, the Company may, at any time, for the purpose of
obtaining a satisfaction and discharge of this Indenture, or for any other reason, pay or cause to be paid to the Trustee all sums held in trust by it, or any paying agent hereunder, as required by
this Section, such sums to be held by the Trustee upon the trusts herein contained. 

        (d)   Anything in this Section 4.04 to the contrary notwithstanding, the agreement to hold sums in trust as provided in
this Section 4.04 is subject to Sections 12.05 and 12.06. 

        (e)   Whenever the Company shall have one or more paying agents with respect to the Securities of any series, it will, prior to
each due date of the principal of, premium, if any, or interest, if any, on the Securities of such series, deposit with a designated paying agent a sum sufficient to pay the principal, premium, if
any, and interest, if any, so becoming due, such sum to be held in trust for the benefit of the persons entitled to such principal, premium, if any, or interest, if any, and (unless such paying agent
is the Trustee) the Company will promptly notify the Trustee of any failure so to act. 

        Section 4.05.    Statement as to Compliance.    The Company
will furnish to the Trustee on or before May 1, in each year (beginning with the first May 1 following the first date of issuance of any Securities under this Indenture) a brief
certificate (which need not comply with Section 14.05) from the principal executive, financial or accounting officer of the Company as required by Section 314(a)(4) of the Trust
Indenture Act of 1939. 

        Section 4.06.    Additional Amounts.    If the Securities of a
series provide for the payment of additional amounts, at least 10 days prior to the first interest payment date with respect to that series of Securities and at least 10 days prior to
each date of payment of principal of, premium, if any, or interest on the Securities of that series if there has been a change with respect to the matters set forth in the below-mentioned Officers'
Certificate, the Company shall furnish to the Trustee and the principal paying agent, if other than the Trustee, an Officers' Certificate instructing the Trustee and such paying agent whether such
payment of principal of or interest on the Securities of that series shall be made to holders of the Securities of that series without withholding or deduction for or on account of any tax, assessment
or other governmental charge described in the Securities of that series. If any such withholding or deduction shall be required, then such Officers' Certificate shall specify by country the amount, if
any, required to be withheld or deducted on such payments to such holders and shall certify the fact that additional amounts will be payable and the amounts so payable to each holder, and the Company
shall pay to the Trustee or such paying agent the additional amounts required to be paid by this Section. The Company covenants to indemnify the Trustee and any paying agent for, and to hold them
harmless against, any loss, liability or expense reasonably incurred without negligence or bad faith on their part arising out of or in connection with actions taken or omitted by any of them in
reliance on any Officers' Certificate furnished pursuant to this Section. 

18

 

        Whenever
in this Indenture there is mentioned, in any context, the payment of the principal of or any premium, interest or any other amounts on, or in respect of, any Security of any
series, such mention shall be deemed to include mention of the payment of additional amounts provided by the terms of such series established hereby or pursuant hereto to the extent that, in such
context, additional amounts are, were or would be payable in respect thereof pursuant to such terms, and express mention of the payment of additional amounts (if applicable) in any provision hereof
shall not be construed as excluding the payment of additional amounts in those provisions hereof where such express mention is not made. 

 
 

ARTICLE 5
  SECURITYHOLDER LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE    
    

        Section 5.01.    Securityholder Lists.    If and so long as the
Trustee shall not be the Security registrar for the Securities of any series, the Company and any other obligor on the Securities will furnish or cause to be furnished to the Trustee a list in such
form as the Trustee may reasonably require of the names and addresses of the holders of the Securities of such series pursuant to Section 312 of the Trust Indenture Act of 1939
(a) semi-annually not more than 15 days after each record date for the payment of interest on such Securities, as hereinabove specified, as of such record date, and on dates
to be determined pursuant to Section 2.02 for non-interest bearing Securities in each year, and (b) at such other times as the Trustee may request in writing, within thirty
days after receipt
by the Company of any such request as of a date not more than 15 days prior to the time such information is furnished. 

        Section 5.02.    Reports by the Company.    The Company
covenants to file with the Trustee, within 15 days after the Company is required to file the same with the Securities and Exchange Commission, copies of the annual reports and of the
information, documents and other reports that the Company is required to file with the Securities and Exchange Commission pursuant to Section 13 or Section 15(d) of the Securities
Exchange Act of 1934 or pursuant to Section 314 of the Trust Indenture Act of 1939. 

        Section 5.03.    Reports by the Trustee.    Any Trustee's
report required under Section 313(a) of the Trust Indenture Act of 1939 shall be transmitted on or before March 15 in each year beginning March 15, 2005, as provided in
Section 313(c) of the Trust Indenture Act of 1939, so long as any Securities are Outstanding hereunder, and shall be dated as of a date convenient to the Trustee no more than 60 days
prior thereto. ARTICLE 6 Remedies of the Trustee and Securityholders on Event of Default 

        Section 6.01.    Events of Default.    The term "Event of
Default" whenever used herein with respect to Securities of any series means any one of the following events and such other events as may be established with respect to the Securities of such series
as contemplated by Section 2.02 hereof, continued for the period of time, if any, and after the giving of notice, if any, designated in this Indenture or as may be established with respect to
such Securities as contemplated by Section 2.02 hereof, as the case may be, unless it is either inapplicable or is specifically deleted or modified in the applicable resolution of the Board of
Directors or in the supplemental indenture under which such series of Securities is issued, as the case may be, as contemplated by Section 2.02: 

	(a)
	default in the payment of any installment of interest upon any Security of such series as and when the same shall become due and
payable, and continuance of such default for a period of 30 days; or

	(b)
	default in the payment of the principal of, or premium, if any, on any Security of such series as and when the same shall become due
and payable whether at maturity, upon redemption, by declaration, repayment or otherwise; or

	(c)
	default in the making or satisfaction of any sinking fund payment or analogous obligation as and when the same shall become due and
payable by the terms of the Securities of such series; or 

19

 

	(d)
	failure on the part of the Company duly to observe or perform any other of the covenants or agreements on the part of the Company in
respect of the Securities of such series contained in this Indenture (other than a covenant or agreement in respect of the Securities of such series a default in whose observance or performance
is elsewhere in this Section 6.01 specifically dealt with) continued for a period of 60 days after the date on which written notice of such failure, requiring the Company to remedy the
same, shall have been given to the Company by the Trustee by registered mail, or to the Company and the Trustee by the holders of at least twenty-five percent in aggregate principal amount
of the Securities of such series at the time Outstanding; or

	(e)
	an event of default with respect to any other series of Securities issued or hereafter issued pursuant to this Indenture or as defined
in any indenture or instrument evidencing or under which the Company has at the date of this Indenture or shall hereafter have outstanding any indebtedness for borrowed money shall happen and be
continuing and such other series of Securities or such indebtedness, as the case may be, shall have been accelerated so that the same shall be or become due and payable prior to the date on which the
same would otherwise have become due and payable, and the aggregate principal amount of any indebtedness with respect to which such acceleration has occurred exceeds $100,000,000, and such
acceleration shall not be rescinded or annulled within ten days after written notice thereof shall have been given to the Company by the Trustee or to the Company and the Trustee by the holders of at
least twenty-five percent in aggregate principal amount of the Securities of such series at the time Outstanding; provided, however, that if
such event of default with respect to such other series of Securities or under such indenture or instrument, as the case may be, shall be remedied or cured by the Company, or waived by the holders of
such other series of Securities or of such indebtedness, as the case may be, then the Event of Default hereunder by reason thereof shall be deemed likewise to have been thereupon remedied, cured or
waived without further action upon the part of either the Trustee or any of the Securityholders of such series; and provided further that, subject to
the provisions of Sections 6.08 and 7.01, the Trustee shall not be charged with knowledge of any such event of default or any remedy, cure or waiver thereof or any such acceleration unless written
notice thereof shall have been given to the Trustee by the Company, by a holder or an agent of a holder of any Securities of such other series or of any such indebtedness, as the case may be, or by
the Trustee then acting under this Indenture with respect to such other series of Securities or under any other indenture or instrument, as the case may be, under which such event of default shall
have occurred, or by the holders of at least twenty-five percent in aggregate principal amount of the Securities of such series at the time Outstanding; or

	(f)
	a decree or order by a court having jurisdiction in the premises shall have been entered adjudging the Company or any of its
Significant Subsidiaries bankrupt or insolvent, or approving as properly filed a petition seeking reorganization of the Company or any of its Significant Subsidiaries under the Federal Bankruptcy Code
or any other similar applicable Federal or State law, and such decree or order shall have continued undischarged and unstayed for a period of 60 days; or a decree or order of a court having
jurisdiction in the premises for the appointment of a receiver or liquidator or trustee or assignee (or other similar official) in bankruptcy or insolvency of the Company or any of its Significant
Subsidiaries or of all or substantially all of the property of the Company or any of its Significant Subsidiaries, or for the winding up or liquidation of the affairs of the Company or any of its
Significant Subsidiaries, shall have been entered, and such decree or order shall have continued undischarged and unstayed for a period of 60 days; or

	(g)
	the Company or any of its Significant Subsidiaries shall institute proceedings to be adjudicated a voluntary bankrupt, or shall consent
to the filing of a bankruptcy proceeding against the 

20

 

Company
or such Significant Subsidiary, or shall file a petition or answer or consent seeking reorganization under the Federal Bankruptcy Code or any other similar applicable Federal or State
law, or shall consent to the filing of any such petition, or shall consent to the appointment of a receiver or liquidator or trustee or assignee (or other similar official) in bankruptcy or insolvency
of it or of its property, or shall make an assignment for the benefit of creditors, or shall admit in writing the inability of the Company or such Significant Subsidiary to pay its debts generally as
they become due; or 

	(h)
	any other Event of Default provided in the applicable resolution of the Board of Directors or in the supplemental indenture under which
such series of Securities is issued, as the case may be, as contemplated by Section 2.02. 

        The
Trustee shall not be charged with knowledge of the identity of a Significant Subsidiary of the Company unless it shall have received written notice from the Company or a
Securityholder identifying such Significant Subsidiary as such. 

        If
an Event of Default as contemplated by Sections 6.01(f) or 6.01(g) occurs, the principal amount (or, if the Securities of such series are Original Issue Discount Securities, such
portions of the principal amount as may be specified in the terms of such series) with respect to Securities of any series at the time Outstanding will become due and payable immediately. If any other
Event of Default with respect to Securities of any series at the time Outstanding occurs and is continuing, then and in each and every such case, unless the principal of all of the Securities of such
series shall have already become due and payable, either the Trustee or the holders of not less than twenty-five percent in aggregate principal amount of the Securities of such series then
Outstanding hereunder, by notice in writing to the Company (and to the Trustee if given by Securityholders of such series), may declare the principal amount (or, if the Securities of such series are
Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of such series) of all the Securities of such series to be due and payable immediately, and
upon any such declaration the same shall become and shall be immediately due and payable, anything in this Indenture or in the Securities of such series contained to the contrary notwithstanding. This
provision, however, is subject to the condition that if, at any time after the principal amount (or, if the Securities of such series are Original Issue Discount Securities, such portion of the
principal amount as may be specified in the terms of such series) of the Securities of any series shall have been so declared or otherwise become due and payable, and before any judgment or decree for
the payment of the moneys due shall have been obtained or entered as hereinafter provided, the Company shall pay or shall deposit with the Trustee a sum sufficient to pay all matured installments of
interest, if any, upon all of the Securities of such series and the principal of, and premium, if any, on any and all Securities of such series which shall have become due otherwise than by
acceleration (with interest on overdue installments of interest (to the extent that payment of such interest is enforceable under applicable law) and on such principal at the Overdue Rate applicable
to such series, to the date of such payment or deposit) and all amounts payable to the Trustee pursuant to the provisions of Section 7.06, and any and all defaults under this Indenture with
respect to such series of Securities, other than the nonpayment of principal of and accrued interest on Securities of such series which shall have become due solely by acceleration, shall have been
remedied or cured or waived or provision shall have been made therefor to the satisfaction of the Trustee—then and in every such case the holders of a majority in aggregate principal
amount of the Securities of such series then Outstanding, by written notice to the Company and to the Trustee, may waive all defaults with respect to such series and rescind and annul such declaration
or acceleration and its consequences; but no such waiver or rescission and annulment shall extend to or shall affect any subsequent default or shall impair any right consequent thereon. 

        In
case the Trustee shall have proceeded to enforce any right under this Indenture and such proceeding shall have been discontinued or abandoned because of such rescission or annulment
or for any other reason or shall have been determined adversely to the Trustee, then and in every such case 

21

 

the
Company and the Trustee shall be restored respectively to their several positions and rights hereunder, and all rights, remedies and powers of the Company and the Trustee shall continue as though
no such proceeding had been taken. 

        Section 6.02.    Payment of Securities on Default; Suit
Therefor.    The Company covenants that (a) in case default shall be made in the payment of any installment of interest upon any Security of any series as and
when the same shall become due and payable, and such default shall have continued for a period of 30 days, (b) in case default shall be made in the payment of the principal of, or
premium, if any, on any Security of any series as and when the same shall become due and payable, whether at maturity of the Securities of that series or upon redemption or by declaration, repayment
or otherwise or (c) in case of default in the making or satisfaction of any sinking fund payment or analogous obligation when the same becomes due by the terms of the Securities of any
series—then, upon demand of the Trustee, the Company will pay to the Trustee, for the benefit of the holder of any such Security (or holders of any series of Securities in the case of
clause (c) above) the whole amount that then shall have become due and payable on any such Security (or Securities of any such series in the case of clause (c) above) for principal,
premium, if any, and interest, if any, with interest upon the overdue principal and premium, if any, and (to the extent that payment of such interest is enforceable under applicable law) upon the
overdue installments of interest, if any, at the Overdue Rate applicable to any such Security (or Securities of any such series in the case of clause (c) above); and, in addition thereto, such
further amount as shall be sufficient to cover costs and expenses of collection, and any further amounts payable to the Trustee pursuant to the provisions of Section 7.06. 

        In
case the Company shall fail forthwith to pay such amounts upon such demand, the Trustee, in its own name and as trustee of any express trust, shall be entitled and empowered to
institute any actions or proceedings at law or in equity for the collection of the sums so due and unpaid, and may prosecute any such action or proceeding to judgment or final decree, and may enforce
any such judgment or final decree against the Company or any other obligor upon such Securities and collect in the manner provided by law out of the property of the Company or any other obligor on
such Securities wherever situated the moneys adjudged or decreed to be payable. 

        In
case there shall be pending proceedings for the bankruptcy, for the insolvency or for the reorganization of the Company or any other obligor on the Securities of any series under the
Federal Bankruptcy Code or any other similar applicable Federal or State law, or in case a receiver or trustee (or other similar official) shall have been appointed for the property of the Company or
such other obligor, or in the case of any other similar judicial proceedings relative to the Company or other obligor on the Securities of any series, or to the creditors or property of the Company or
such other obligor, the Trustee, irrespective of whether the principal of the Securities of any series shall then be due and payable as therein expressed or by declaration or otherwise and
irrespective of whether the Trustee shall have made any demand pursuant to the provisions of this Section 6.02, shall be entitled and empowered, by intervention in such proceedings or
otherwise, to file and prove a claim or claims for the whole amount of principal (or, if the Securities of any series are Original Issue Discount Securities, such portion of the principal amount as
may be due and payable with respect to such series pursuant to a declaration in accordance with Section 6.01), premium, if any, and interest, if any, owing and unpaid in respect of the
Securities of any series and, in case of any judicial proceedings, to file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the
Trustee and of the Securityholders of any series allowed in such judicial proceedings relative to the Company or any other obligor on the Securities of any series, its or their creditors, or its or
their property, and to collect and receive any moneys or other property payable or deliverable on any such claims, and to distribute the same after the deduction of costs and expenses of collection,
and any further amounts payable to the Trustee pursuant to the provisions of Section 7.06 and incurred by it up to the date of such distribution; and any receiver, assignee or trustee (or other
similar official) in bankruptcy or reorganization is hereby authorized by each of the Securityholders to make such 

22

 

payments
to the Trustee, and, in the event that the Trustee shall consent to the making of such payments directly to the Securityholders, to pay to the Trustee costs and expenses of collection and any
further amounts payable to the Trustee pursuant to the provisions of Section 7.06 and incurred by it up to the date of such distribution. 

        Nothing
herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Securityholder any plan of reorganization, arrangement,
adjustment or composition affecting any of the Securities of any series or the rights of any holder thereof, or to authorize the Trustee to vote in respect of the claim of any Securityholder in any
such proceeding. 

        All
rights of action and of asserting claims under this Indenture, or under the Securities of any series, may be enforced by the Trustee without the possession of any of the Securities
of such series or the production thereof in any trial or other proceeding relative thereto, and any such suit or proceeding instituted by the Trustee shall be brought in its own name as trustee of an
express trust, and any recovery of judgment shall be for the ratable benefit of the holders of the Securities in respect of which such action was taken. In any proceedings brought by the Trustee (and
also any proceedings in which a declaratory judgment of a court may be sought as to the interpretation or construction of any provision of this Indenture, to which the Trustee shall be a party) the
Trustee shall be held to represent all the holders of the Securities to which such proceedings relate, and it shall not be necessary to make any holders of such Securities parties to any such
proceedings. 

        Section 6.03.    Application of Moneys Collected by
Trustee.    Any moneys collected by the Trustee pursuant to this Article and, if an Event of Default has occurred and is continuing, any money or other property
distributable in respect of the Company's obligations under the Indenture shall be applied in the order following, at the date or dates fixed by the Trustee for the distribution of such moneys, upon
presentation of the several Securities in respect of which moneys have been collected, and the notation thereon of the payment, if only partially paid, and upon surrender thereof if fully paid: 

23

  

        FIRST:
To the payment of all amounts due the Trustee pursuant to the provisions of Section 7.06; 

        SECOND:
In case the principal of the Outstanding Securities in respect of which such moneys have been collected shall not have become due (at maturity, upon redemption, by declaration,
repayment or otherwise) and be unpaid, to the payment of interest, if any, on such Securities, in the order of the maturity of the installments of such interest, with interest (to the extent that such
interest has been collected by the Trustee) upon the overdue installments of interest at the Overdue Rate applicable to such Securities, such payments to be made ratably to the person entitled
thereto; 

        THIRD:
In case the principal of the Outstanding Securities in respect of which such moneys have been collected shall have become due (at maturity, upon redemption, by declaration,
repayment or otherwise), to the payment of the whole amount then owing and unpaid upon such Securities for principal, premium, if any, and interest, if any, with interest on the overdue principal, and
premium, if any, and (to the extent that such interest has been collected by the Trustee) upon overdue installments of interest, if any, at the Overdue Rate applicable to such Securities; and in case
such moneys shall be insufficient to pay in full the whole amounts so due and unpaid upon such Securities, then to the payment of such principal, premium, if any, and interest, if any, without
preference or priority of principal, and premium, if any, over interest, if any, or of interest, if any, over principal, and premium, if any, or of any installment of interest, if any, over any other
installment of interest, if any, or of any such Security over any other such Security, ratably to the aggregate of such principal, premium, if any, and accrued and unpaid interest, if any; and 

        FOURTH:
To the payment of the remainder, if any, to the Company, its successors or assigns, or to whosoever may be lawfully entitled to receive the same, or as a court of competent
jurisdiction may direct. 

        Section 6.04.    Proceedings by Securityholders.    No holder of any Security of any
series shall have any right by virtue of or by availing of any provision of this Indenture to institute any suit, action or proceeding in equity or at law upon or under or with respect to this
Indenture or for the appointment of a receiver or trustee (or other similar official), or for any other remedy hereunder, unless (i) such holder previously shall have given to the Trustee
written notice of an Event of Default with respect to Securities of such series and of the continuance thereof, as hereinbefore provided, (ii) the holders of not less than
twenty-five percent in aggregate principal amount of the Securities of such series then Outstanding shall have made written request upon the Trustee to institute such action, suit or
proceeding in its own name as Trustee hereunder and shall have offered to the Trustee such reasonable indemnity as it may require against the costs, expenses and liabilities to be incurred therein or
thereby, and (iii) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity, shall not have received from the holders of a majority in principal amount of
the Securities
of such series then Outstanding a direction inconsistent with that request, and shall have neglected or refused to institute any such action, suit or proceeding, it being understood and intended, and
being expressly covenanted by the taker and holder of every Security with every other taker and holder and the Trustee, that no one or more holders of Securities of such series shall have any right in
any manner whatever by virtue or by availing of any provision of this Indenture to affect, disturb or prejudice the rights of any other holder of Securities of such series, or to obtain or seek to
obtain priority over or preference to any other such holder, or to enforce any right under this Indenture, except in the matter herein provided and for the equal, ratable and common benefit of all
holders of Securities of such series. 

        Notwithstanding
any other provisions in this Indenture, however, the right of any holder of any Security to receive payment of the principal of, premium, if any, and interest, if any, on
such Security, on or after the respective due dates expressed in such Security, or upon redemption, by declaration, 

24

 

repayment
or otherwise, or to institute suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of such holder, and no
provision of the Securities of any series or of this Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of, premium, if any, and
interest, if any, on the Securities of such series at the respective places, at the respective times, at the respective rates and in the coin or currency, therein and herein prescribed. 

        Section 6.05.    Proceedings by Trustee.    In case of an Event of Default hereunder
the Trustee may in its discretion proceed to protect and enforce the rights vested in it by this Indenture by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect
and enforce any of such rights, either by suit in equity or by action at law or by proceeding in bankruptcy or otherwise, whether for the specific enforcement of any covenant or agreement contained in
this Indenture or in aid of the exercise of any power granted in this Indenture, or to enforce any other legal or equitable right vested in the Trustee by this Indenture or by law. 

        Section 6.06.    Remedies Cumulative and Continuing.    All powers and remedies given
by this Article Six to the Trustee or to the Securityholders of any series shall, to the extent permitted by law, be deemed cumulative and not exclusive of any thereof or of any other powers and
remedies available to the Trustee or the holders of such Securities, by judicial proceedings or otherwise, to enforce the performance or observance of the covenants and agreements contained in this
Indenture, and no delay or omission of the Trustee or of any holder of any such Securities to exercise any right or power accruing upon any default occurring and continuing as aforesaid shall impair
any such right or power, or shall be construed to be a waiver of any such default or an acquiescence therein; and, subject to the provisions of Section 6.04, every power and remedy given by
this Article Six or by law to the Trustee or to the Securityholders of any series may be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by the
Securityholders of such series. 

        Section 6.07.    Direction of Proceedings and Waiver of Defaults by
Securityholders.    (a) The holders of a majority in aggregate principal amount of the Securities of any series at the time Outstanding shall have the right to
direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the Securities of
such series; provided, however, that (subject to the provisions of Section 7.01) the Trustee shall have the right to decline to follow any such
direction if the Trustee, being advised by counsel, determines that the action or proceeding so directed may not lawfully be taken or if the Trustee in good faith by its board of directors or
trustees, executive committee, or a trust committee of directors or trustees and/or Responsible Officers shall determine that the action or proceeding so directed would involve the Trustee in personal
liability. 

        (b)   Prior to any acceleration or declaration accelerating the maturity of the Securities of any series, the holders of a
majority in aggregate principal amount of the Securities of such series at the time Outstanding may on behalf of the holders of all of the Securities of such series waive any past default or Event of
Default with respect to such series and its consequences except a default in the payment of interest, if any, on, or the principal of or premium, if any, on any Security of such series, or in the
payment of any sinking fund installment or analogous obligation with respect to Securities of such series, or in respect of a covenant or provision hereof which under Section 10.02 cannot be
modified or amended without the consent of the holder of each Security affected. Upon any such waiver the Company, the Trustee and the holders of the Securities of that series shall be restored to
their former positions and rights hereunder, respectively; but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon. Whenever any
default or Event of Default hereunder shall have been waived as permitted by this Section 6.07(b), said default or Event of Default shall for all purposes of the Securities of such series and
this Indenture be deemed to have been cured and to be not continuing. 

25

 

        Section 6.08.    Notice of Defaults.    The Trustee shall, within 90 days after
the occurrence of a default with respect to the Securities of any series, mail to all holders of Securities of such series, as the names and addresses of such holders appear upon the registry books of
the Company, notice of all defaults with respect to such series known to the Trustee, unless such defaults shall have been cured or waived before the giving of such notice (the term "defaults" for the
purpose of this Section 6.08 being hereby defined to be the events specified in Section 6.01 or established with respect to such Securities as contemplated by Section 2.02, not
including the periods of grace, if any, provided for therein or established with respect to such Securities as contemplated by Section 2.02 and irrespective of the giving of the notices
specified in clauses (d) and (e) of Section 6.01 or established with respect to such Securities as contemplated by Section 2.02); provided,
however, that except in the case of default in the payment of the principal of, premium, if any, or interest, if any, on any of the Securities of such series or in the making
of any sinking fund installment or analogous obligation with respect to such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive
committee, or a trust committee of directors and/or Responsible Officers of the Trustee in good faith determines that the withholding of such notice is in the interest of the holders of Securities of
such series. 

        Section 6.09.    Undertaking to Pay Costs.    All parties to this Indenture agree, and
each holder of any Security by his acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this
Indenture, or in any suit against the Trustee for any action taken, omitted or suffered by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit,
and that such court may in its discretion assess reasonable costs, including reasonable attorneys' fees, against any party litigant in such suit, having due regard to the merits and good faith of the
claims or defenses made by such party litigant; but the provisions of this Section 6.09 shall not apply (i) to any suit instituted by the Trustee, (ii) to any suit instituted by
any holder of Securities of any series or group of such holders, holding in the aggregate more than ten percent in principal amount of the Outstanding Securities of such series or (iii) to any
suit instituted by any Securityholder for the enforcement of the payment of the principal of, premium, if any, or interest, if any, on any Security (A) on or after the due date expressed in
such Security, (B) on or after the date fixed for redemption or repayment or (C) after such Security shall have become due by declaration. 

 
 

ARTICLE 7
  CONCERNING THE TRUSTEE    
    

        Section 7.01.    Duties and Responsibilities of Trustee.    With respect to the holders
of any series of Securities issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Securities of such series and after the curing or waiving of all Events of
Default which may have occurred with respect to such series, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture. In case an Event of Default with
respect to the Securities of a series has occurred (which has not been cured or waived) the Trustee shall exercise such of the rights and powers vested in it by this Indenture with respect to such
series, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. 

        No
provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct,
except that 

26

 

        (a)   prior to the occurrence of an Event of Default with respect to the Securities of a series and after the curing or waiving
of all Events of Default with respect to such series which may have occurred: 

        (1)   the
duties and obligations of the Trustee with respect to the Securities of a series shall be determined solely by the express provisions of this Indenture, and the
Trustee shall not be liable except for the performance of such duties and obligations as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this
Indenture against the Trustee; and 

        (2)   in
the absence of bad faith on the part of the Trustee, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions
expressed therein, upon any certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates or opinions which by any
provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this
Indenture; 

        (b)   the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer or Officers of the
Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; and 

        (c)   the Trustee shall not be liable with respect to any action taken, omitted or suffered to be taken by it in good faith in
accordance with the direction of the holders of Securities of any series pursuant to Section 6.07 relating to the time, method and place of conducting any proceeding for any remedy available to
the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to Securities of such series. 

        None
of the provisions of this Indenture shall be construed as requiring the Trustee to expend or risk its own funds or otherwise to incur any personal financial liability in the
performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if there shall be reasonable grounds for believing that repayment of such funds or adequate indemnity
against such risk or liability is not reasonably assured to it. 

        The
provisions of this Section 7.01 are in furtherance of and subject to Section 315 of the Trust Indenture Act of 1939. 

        Section 7.02.    Reliance on Documents, Opinions, etc.    In furtherance of and subject
to the Trust Indenture Act of 1939, and subject to the provisions of Section 7.01: 

        (a)   the Trustee may rely and shall be protected in acting or refraining from acting upon any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction, consent, order, or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or
parties; 

        (b)   any request, direction, order or demand of the Company mentioned herein shall be sufficiently evidenced by an instrument
signed in the name of the Company by its President, its Chairman of the Board or any Vice President and its Treasurer, its Secretary or its Comptroller (unless other evidence in respect thereof be
herein specifically prescribed); and any resolution of the Board of Directors of the Company may be evidenced to the Trustee by a copy thereof certified by the Secretary, an Assistant Secretary or an
Attesting Secretary of the Company; 

        (c)   the Trustee may consult with counsel and any Opinion of Counsel shall be full and complete authorization and protection
in respect of any action taken, omitted or suffered to be taken by it hereunder in good faith and in accordance with such Opinion of Counsel; 

27

 

        (d)   the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the
request, order or direction of any of the Securityholders, pursuant to the provisions of this Indenture, unless such Securityholders shall have offered to the Trustee reasonable security or indemnity
against the costs, expenses and liabilities which might be incurred therein or thereby; 

        (e)   the Trustee shall not be liable for any action taken, omitted or suffered by it in good faith and believed by it to be
authorized or within the discretion or rights or powers conferred upon it by this Indenture; 

        (f)    the Trustee shall not be bound to make any inquiry or investigation into the facts or matters stated in any resolution,
certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, note or other paper or document unless requested in writing so to do by the holders of a majority
in aggregate principal amount of the Securities of any series affected then Outstanding; provided, however, that if the payment within a reasonable time
to the Trustee of the costs and expenses or liabilities likely to be incurred by it in the making of such investigation is, in the opinion of the Trustee, not reasonably assured to the Trustee by the
security conferred upon it by the terms of this Indenture, the Trustee may require reasonable indemnity against such costs, expenses or liabilities as a condition to so proceeding; and the reasonable
expense of such investigation shall be paid by the Company, or, if paid by the Trustee, shall be repaid by the Company upon demand; and 

        (g)   the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or
through agents or attorneys, and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder. 

        Section 7.03.    No Responsibility for Recitals, etc.    The recitals contained herein
and in the Securities shall be taken as the statements of the Company (except in the Trustee's certificates of authentication), and the Trustee assumes no responsibility for the correctness of the
same. The Trustee makes no representations as to the validity or sufficiency of this Indenture or the Securities, provided that the Trustee shall not be
relieved of its duty to authenticate Securities only as authorized by this Indenture. The Trustee shall not be accountable for the use or application by the Company or any of the Securities or of the
proceeds thereof. 

        Section 7.04.    Ownership of Securities.    The Trustee and any agent of the Company
or of the Trustee, in its individual or any other capacity, may become the owner or pledgee of Securities with the same rights it would have if it were not Trustee or such agent. 

        Section 7.05.    Moneys to be Held in Trust.    Subject to the provisions of Sections
12.05 and 12.06 hereof, all moneys received by the Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need
not be segregated from other funds except to the extent required by law. Neither the Trustee nor any paying agent shall be under any liability for interest on any moneys received by it hereunder
except such as it may agree with the Company to pay thereon. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from time to
time upon the written order of the Company, signed by its President, Chairman or any Vice Chairman of the Board, or any Vice President, Treasurer or Comptroller. 

28

  

        Section 7.06.    Compensation and Expenses of Trustee.    The
Company covenants and agrees to pay to the Trustee from time to time, and the Trustee shall be entitled to, reasonable compensation (which shall not be limited by any provision of law in regard to the
compensation of a trustee of an express trust) and, except as otherwise expressly provided, the Company will pay or reimburse the Trustee upon its request for all reasonable expenses, disbursements
and advances incurred or made by the Trustee in accordance with any of the provisions of this Indenture (including the reasonable compensation and the expenses and disbursements of its counsel and of
all persons not regularly in its employ) except any such expense, disbursement or advance as may arise from its negligence or bad faith. If any property other than cash shall at any time be subject to
the lien of this Indenture, the Trustee, if and to the extent authorized by a receivership or bankruptcy court of competent jurisdiction or by the supplemental instrument subjecting such property to
such lien, shall be entitled to make advances for the purpose of preserving such property or of discharging tax liens or other prior liens or encumbrances thereon. The Company also covenants to
indemnify the Trustee for, and to hold it harmless against, any loss, liability or expense incurred without negligence or bad faith on the part of the Trustee, arising out of or in connection with the
acceptance or administration of this trust and its duties hereunder, including the costs and expenses of defending itself against any claim of liability in the premises. The obligations of the Company
under this Section 7.06 to compensate and indemnify the Trustee and to pay or reimburse the Trustee for expenses, disbursements and advances shall constitute additional indebtedness hereunder
and shall survive the satisfaction and discharge of this Indenture. Such additional indebtedness shall be secured by a lien prior to that of the Securities upon all property and funds held or
collected by the Trustee as such, except funds held in trust for the benefit of the holders of particular Securities. 

        Section 7.07.    Officers' Certificate as Evidence.    Subject
to the provisions of Sections 7.01 and 7.02, whenever in the administration of the provisions of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established
prior to taking, omitting or suffering any action to be taken hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of negligence or
bad faith on the part of the Trustee, be deemed to be conclusively proved and established by an Officers' Certificate delivered to the Trustee, and such certificate, in the absence of negligence or
bad faith on the part of the Trustee, shall be full warrant to the Trustee for any action taken, omitted or suffered by it under the provisions of this Indenture upon the faith thereof. 

        Section 7.08.    Indentures Not Creating Potential Conflicting Interests For The
Trustee.    The following indentures are hereby specifically described for the purposes of Section 310(b)(1) of the Trust Indenture Act of 1939: this Indenture
with respect to the Securities of any other series and the Indenture dated as of June 26, 2001, between the Company (as successor to GE Financial Assurance Holdings, Inc.) and JPMorgan
Chase Bank, as Trustee. 

        Section 7.09.    Eligibility of Trustee.    The Trustee
hereunder shall at all times be a corporation organized and doing business under the laws of the United States or any state, which (a) is authorized under such laws to exercise corporate trust
powers and (b) is subject to supervision or examination by Federal or State authority and (c) shall have at all times a combined capital and surplus of not less than fifty million
dollars. If such corporation publishes reports of condition at least annually, pursuant to law, or to the requirements of the aforesaid supervising or examining authority, then for the purposes of
this Section 7.09, the combined capital and surplus of such corporation at any time shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so
published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 7.09, the Trustee shall resign immediately in the manner and with the
effect specified in Section 7.10. 

        The
provisions of this Section 7.09 are in furtherance of and subject to Section 310(a) of the Trust Indenture Act of 1939. 

29

 

        Section 7.10.    Resignation or Removal of Trustee.    (a) The
Trustee, or any trustee or trustees hereafter appointed, may at any time resign with respect to any one or more or all series of Securities by giving written notice of resignation to the Company and
by mailing notice thereof to the holders of the applicable series of Securities at their addresses as they shall appear on the registry books of the Company. Upon receiving such notice of resignation,
the Company shall promptly appoint a successor trustee or trustees with respect to the applicable series by written instrument, in duplicate, executed by order of the Board of Directors of the
Company, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee shall have been so appointed with respect to any series
and have accepted appointment within 60 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a
successor trustee, or any Securityholder who has been a bona fide holder of a Security or Securities of the applicable series for at least six months may, subject to the provisions of
Section 6.09, on behalf of himself and all others similarly situated, petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as
it may deem proper and prescribe, appoint a successor trustee. 

        (b)   In case at any time any of the following shall occur— 

        (1)   the
Trustee shall fail to comply with the provisions of Section 310(b) of the Trust Indenture Act of 1939 with respect to any series of Securities after written
request therefor by the Company or by any Securityholder who has been a bona fide holder of a Security or Securities of such series for at least six months, or 

        (2)   the
Trustee shall cease to be eligible in accordance with the provisions of Section 7.09 and Section 310(a) of the Trust Indenture Act of 1939 with respect
to any series of Securities and shall fail to resign after written request therefor by the Company or by any such Securityholder, or 

        (3)   the
Trustee shall become incapable of acting with respect to any series of Securities, or shall be adjudged a bankrupt or insolvent, or a receiver of the Trustee or of
its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or
liquidation— 

then,
in any such case, the Company may remove the Trustee with respect to such series and appoint a successor trustee with respect to such series by written instrument, in duplicate, executed by
order of the Board of Directors of the Company, one copy of which instrument shall be delivered to the Trustee so removed and one copy to the successor trustee, or, subject to the provisions of
Section 315(e) of the Trust Indenture Act of 1939, any Securityholder who has been a bona fide holder of a Security or Securities of such series for at least six months may, on behalf of
himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee with respect to such series. Such
court may thereupon, after such notice, if any, as it may deem proper and prescribe, remove the Trustee and appoint a successor trustee with respect to such series. 

        (c)   The holders of a majority in aggregate principal amount of the Securities of one or more series (each series voting as a
class) or all series at the time Outstanding may at any time remove the Trustee with respect to the applicable series or all series, as the case may be, and appoint with respect to the applicable
series or all series, as the case may be, a successor trustee by written notice of such action to the Company, the Trustee and the successor trustee. 

        (d)   Any resignation or removal of the Trustee with respect to any series and any appointment of a successor trustee with
respect to such series pursuant to any of the provisions of this Section 7.10 shall become effective upon acceptance of appointment by the successor trustee as provided in Section 7.11. 

        (e)   No predecessor Trustee shall be liable for the acts or omissions of any successor Trustee. 

30

 

        Section 7.11.    Acceptance by Successor Trustee.    Any
successor trustee appointed as provided in Section 7.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder,
and thereupon the resignation or removal of the predecessor trustee with respect to any or all applicable series shall become effective and such successor trustee, without any further act, deed or
conveyance, shall become vested with all the rights, powers, duties and
obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Company or of the
successor trustee, the trustee ceasing to act shall, upon payment (or due provision therefor) of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an
instrument transferring to such successor trustee all the rights and powers with respect to such series of the trustee so ceasing to act. Upon request of any such successor trustee, the Company shall
execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trustee ceasing to act shall,
nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06. 

        In
case of the appointment hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the Company, the predecessor trustee and each successor
trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable
to confirm that all the rights, powers, trusts and duties of the predecessor trustee with respect to the Securities of any series as to which the predecessor trustee is not retiring shall continue to
be vested in the predecessor trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder
by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee
shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such trustee. 

        No
successor trustee with respect to a series of Securities shall accept appointment as provided in this Section 7.11 unless at the time of such acceptance such successor trustee
shall, with respect to such series, be qualified under Section 310(b) of the Trust Indenture Act of 1939 and eligible under the provisions of Section 7.09. 

        Upon
acceptance of appointment by a successor trustee with respect to any series as provided in this Section 7.11, the Company shall mail notice of the succession of such trustee
hereunder to the holders of Securities of such series at their addresses as they shall appear on the registry books of the Company. If the Company fails to mail such notice within ten days after the
acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be mailed at the expense of the Company. 

        Section 7.12.    Succession by Merger, etc.    Any Person into
which the Trustee may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any
Person succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the successor to the Trustee hereunder, provided such Person shall be qualified under
Section 310(b) of the Trust Indenture Act of 1939 and eligible under the provisions of Section 7.09, without the execution or filing of any paper or any further act on the part of any of
the parties hereto, anything herein to the contrary notwithstanding. 

        In
case at the time such successor to the Trustee shall succeed to the trust created by this Indenture with respect to one or more series of Securities, any of such Securities shall have
been authenticated but not delivered, any such successor to the Trustee by merger, conversion or consolidation may adopt the certificate of authentication of any predecessor trustee, and deliver such
Security so authenticated; and in case at that time any of such Securities shall not have been 

31

 

authenticated,
any successor to the Trustee may authenticate such Securities either in the name of such successor to the Trustee or, if such successor to the Trustee is a successor by merger,
conversion or consolidation the name of any predecessor hereunder; and in all such cases such certificate shall have the full force which it is anywhere in such Securities or in this Indenture
provided that the certificate of the Trustee shall have. 

        Section 7.13.    Other Matters Concerning the Trustee.    The
principal corporate trust office of the Trustee at the date of this Indenture is located at 4 New York Plaza, New York, New York 10004, Attn: Institutional Trust Services. 

        Section 7.14.    Appointment of Authenticating Agent.    The
Trustee may appoint an Authenticating Agent or Agents which shall be authorized to act on behalf of the Trustee to authenticate Securities issued upon original issue and upon exchange, registration of
transfer, partial conversion or partial redemption or pursuant to Section 2.07, and Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and
obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the Trustee's
certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on
behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the Company and shall at all times be a corporation organized and doing business under the laws of
the United States of America, any State thereof or the District of Columbia, authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than
$50,000,000 and subject to supervision or examination by Federal or State authority. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the
requirements of said supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital
and surplus as set forth in its most recent report of condition so published. If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, such
Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section. 

        Any
corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or
consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency or corporate trust business of an Authenticating Agent, shall continue to be an
Authenticating Agent, provided such corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or any further act on the part of the Trustee or the
Authenticating Agent. 

        An
Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and to the Company. The Trustee may at any time terminate the agency of an Authenticating
Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any time such
Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Company and
shall mail written notice of such appointment by first-class mail, postage prepaid, to all Holders as their names and addresses appear in the Security Register. Any successor Authenticating Agent upon
acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No
successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section. 

        The
Company agrees to pay to each Authenticating Agent from time to time reasonable compensation for its services under this Section. 

32

 

        If
an appointment is made pursuant to this Section, the Securities may have endorsed thereon, in addition to the Trustee's certificate of authentication, an alternative certificate of
authentication in the following form: 

Dated: 

        This
is one of the Securities described in the within-mentioned Indenture. 

	 
	 	 
	 	 

	 	 	JPMORGAN CHASE BANK, as Trustee
	

 	
 	

By:	
 	

 As Authenticating Agent
	

 	
 	

By:	
 	

 Authorized Signatory

 
 

ARTICLE 8
  CONCERNING THE SECURITYHOLDERS    
    

        Section 8.01.    Action of Securityholders.    Whenever in this
Indenture it is provided that the holders of a specified percentage in aggregate principal amount of the Securities of any or all series may take any action (including the making of any demand or
request, the giving of any notice, consent or waiver or the taking of any other action) the fact that at the time of taking any such action the holders of such specified percentage have joined therein
may be evidenced (a) by any instrument or any number of instruments of similar tenor executed by such Securityholders in person or by agent or proxy appointed in writing, or (b) by the
record of such holders of Securities voting in favor thereof at any meeting of such Securityholders duly called and held in accordance with the provisions of Article Nine, or (c) by a
combination of such instrument or instruments and any such record of such a meeting of such Securityholders. 

        Section 8.02.    Proof of Execution by
Securityholders.    Subject to the provisions of Sections 7.01, 7.02 and 9.06, proof of the execution of any instrument by a Securityholder or his agent or proxy
shall be sufficient if made in accordance with such reasonable rules and regulations as may be prescribed by the Trustee or in such manner as shall be reasonably satisfactory to the Trustee. The
ownership of Securities shall be proved by the registry books of the Company. 

        The
record of any Securityholders' meeting shall be proved in the manner provided in Section 9.07. 

        The
Company may set a record date for purposes of determining the identity of holders of Securities of any series entitled to vote or consent to or revoke any action referred to in
Section 8.01, which record date may be set at any time or from time to time by notice to the Trustee, for any date or dates (in the case of any adjournment or reconsideration) not more than
60 days nor less than five days prior to the proposed date of such vote or consent, and thereafter, notwithstanding any other provisions hereof, with respect to Securities of any series, only
holders of Securities of such series of record on such record date shall be entitled to so vote or give such consent or revoke such vote or consent. 

        Section 8.03.    Who Are Deemed Absolute Owners.    The
Company, the Trustee and any agent of the Company or of the Trustee may deem the person in whose name any Security shall be registered upon the books of the Company to be, and may treat him as, the
owner of such Security (whether or not such Security shall be overdue and notwithstanding any notation of ownership or other writing thereon) for the purpose of receiving payment of or on account of
the principal of, premium, if any, 

33

 

and
(subject to Section 2.04) interest, if any, on such Security and for all other purposes; and neither the Company nor the Trustee nor any agent of the Company or of the Trustee shall be
affected by any notice to the contrary. All such payments so made to any holder for the time being, or upon his order, shall be valid, and, to the extent of the sum or sums so paid, effectual to
satisfy and discharge the liability for moneys payable upon any such Security. 

        No
Beneficial Owner of a beneficial interest in any Global Security held on its behalf by a Depositary shall have any rights under this Indenture with respect to such Global Security,
and such Depositary may be treated by the Company, the Trustee, and any agent of the Company or the Trustee as the owner of such Security for all purposes whatsoever. None of the Company, the Trustee
or any agent of the Company or the Trustee will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Global
Security or maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 

        Section 8.04.    Company-Owned Securities Disregarded.    In
determining whether the holders of the requisite aggregate principal amount of Securities have concurred in any demand, request, notice, direction, consent or waiver under this Indenture, Securities
which are owned by the Company or any other obligor on the Securities with respect to which such determination is being made or by any person directly or indirectly controlling or controlled by or
under direct or indirect common control with the Company or any other obligor on the Securities with respect to which such determination is being made shall be disregarded and deemed not to be
Outstanding for the purpose of any such determination; provided, that for the purposes of determining whether the Trustee shall be protected in relying
on any such demand, request, notice, direction, consent or waiver only Securities which the Trustee knows are so owned shall be so disregarded. Securities so owned which have been pledged in good
faith may be regarded as Outstanding for the purposes of this Section 8.04 if the pledgee shall establish to the satisfaction of the Trustee the pledgee's right to vote such Securities and that
the pledgee is not a person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company or any such other obligor. In the case of a dispute as to
such right, any decision by the Trustee taken upon the advice of counsel shall be full protection to the Trustee. 

34

  

        Section 8.05.    Revocation of Consents; Future Holders
Bound.    At any time prior to (but not after) the evidencing to the Trustee, as provided in Section 8.01, of the taking of any action by the holders of the
percentage in aggregate principal amount of the Securities of any or all series, as the case may be, specified in this Indenture in connection with such action, any holder of a Security which is shown
by the evidence to be included in the Securities the holders of which have consented to such action may, by filing written notice with the Trustee at its principal office and upon proof of holding as
provided in Section 8.02, revoke such action so far as concerns such Security. Except as aforesaid any such action taken by the holder of any Security shall be conclusive and binding upon such
holder and upon all future holders of such Security, irrespective of whether or not any notation in regard thereto is made upon such Security or any Security issued in exchange or substitution
therefor. 

 
 

ARTICLE 9
  SECURITYHOLDERS' MEETINGS    
    

        Section 9.01.    Purposes of Meetings.    A meeting of holders
of Securities of any or all series may be called at any time and from time to time pursuant to the provisions of this Article Nine for any of the following purposes: 

        (1)   to
give any notice to the Company or to the Trustee, or to give any directions to the Trustee, or to consent to the waiving of any default hereunder and its
consequences, or to take any other action authorized to be taken by Securityholders pursuant to any of the provisions of Article Six; 

        (2)   to
remove the Trustee and nominate a successor trustee pursuant to the provisions of Article Seven; 

        (3)   to
consent to the execution of an indenture or indentures supplemental hereto pursuant to the provisions of Section 10.02; or 

        (4)   to
take any other action authorized to be taken by or on behalf of the holders of any specified aggregate principal amount of the Securities of any or all series, as the
case may be, under any other provision of this Indenture or under applicable law. 

        Section 9.02.    Call of Meetings by Trustee.    The Trustee
may at any time call a meeting of holders of Securities of any or all series to take any action specified in Section 9.01, to be held at such time and at such place in the Borough of Manhattan,
The City of New York, as the Trustee shall determine. Notice of every meeting of the holders of Securities of any or all series, setting forth the time and the place of such meeting and in general
terms the action proposed to be taken at such meeting, shall be mailed to holders of Securities of each series affected at their addresses as they shall appear on the registry books of the Company.
Such notice shall be mailed not less than 10 nor more than 90 days prior to the date fixed for the meeting. 

        Section 9.03.    Call of Meetings by Company or
Securityholders.    In case at any time the Company, pursuant to a resolution of its Board of Directors, or the holders of at least ten percent in aggregate principal
amount of the Securities then Outstanding of any series that may be affected by the action proposed to be taken at the meeting, shall have requested the Trustee to call a meeting of the holders of
Securities of all series that may be so affected, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have mailed the notice
of such meeting within 20 days after receipt of such request, then the Company or such Securityholders, in the amount specified above, may determine the time and the place in said Borough of
Manhattan for such meeting and may call such meeting to take any action authorized in Section 9.01, by mailing notice thereof as provided in Section 9.02. 

        Section 9.04.    Qualifications for Voting.    To be entitled
to vote at any meeting of Securityholders a person shall (a) be a holder of one or more Securities with respect to which such meeting is being held 

35

 

or
(b) be a person appointed by an instrument in writing as proxy by a holder of one or more such Securities. The only persons who shall be entitled to be present or to speak at any meeting of
Securityholders shall be the persons entitled to vote at such meeting and their counsel and any representatives of the Trustee and its counsel and any representatives of the Company and its counsel. 

        Section 9.05.    Quorum; Adjourned Meetings.    The Persons
entitled to vote a majority in aggregate principal amount of the Securities of the relevant series at the time Outstanding shall constitute a quorum for the transaction of all business specified in
Section 9.01. No business shall be transacted in the absence of a quorum (determined as provided in this Section 9.05). In the absence of a quorum within 30 minutes after the time
appointed for any such meeting, the meeting shall, if convened at the request of the holders of Securities (as provided in Section 9.03), be dissolved. In any other case the meeting shall be
adjourned for a period of not less than ten days as determined by the chairman of the meeting. In the absence of a quorum at any such adjourned meeting, such adjourned meeting shall be further
adjourned for a period of not less than ten days as determined by the chairman of the meeting. Notice of the reconvening of any adjourned meeting shall be given as provided in Section 9.02,
except that such notice must be mailed not less than five days prior to the date on which the meeting is scheduled to be reconvened. 

        Subject
to the foregoing, at the second reconvening of any meeting adjourned for lack of a quorum, the Persons entitled to vote 25% in aggregate principal amount of the Securities of the
relevant series then Outstanding shall constitute a quorum for the taking of any action set forth in the notice of the original meeting. Notice of the reconvening of an adjourned meeting shall state
expressly the percentage of the aggregate principal amount of the Securities of the relevant series then Outstanding which shall constitute a quorum. 

        At
a meeting or any adjourned meeting duly convened and at which a quorum is present as aforesaid, any resolution and all matters (except as limited by the proviso in
Section 10.02) shall be effectively passed and decided if passed or decided by the Persons entitled to vote the lesser of (a) a majority in aggregate principal amount of the Securities
of the relevant series then Outstanding and (b) 75% in aggregate principal amount of the Securities represented and voting at the meeting. 

        Any
holder of a Security who has executed in person or by proxy and delivered to the Trustee an instrument in writing complying with the provisions of Article Eight shall be deemed to be
present for the purposes of determining a quorum and be deemed to have voted; provided that such holder of a Security shall be considered as present or voting only with respect to the matters covered
by such instrument in writing. 

        Section 9.06.    Regulations.    Notwithstanding any other
provisions of this Indenture, the Trustee may make such reasonable regulations as it may deem advisable for any meeting of Securityholders, in regard to proof of the holder of Securities and of the
appointment of proxies, and in regard to the appointment and duties of inspectors of votes, the submission and examination of proxies, certificates and other evidence of the right to vote, and such
other matters concerning the conduct of the meeting as it shall think fit. 

        The
Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Company or by Securityholders, as provided
in Section 9.03, in which case the Company or the Securityholders calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman and a
permanent secretary of the meeting shall be elected by majority vote of the meeting. 

        Subject
to the provisions of Section 8.04, at any meeting each holder of Securities with respect to which such meeting is being held or proxy shall be entitled to vote the
principal amount (in the case of Original Issue Discount Securities, such principal amount to be determined as provided in the definition of "Security or Securities; Outstanding" in
Section 1.01) of such Securities held or 

36

 

represented
by him; provided, however, that no vote shall be cast or counted at any meeting in respect of any such Security challenged as not
Outstanding and ruled by the chairman of the meeting to be not Outstanding. The chairman of the meeting shall have no right to vote other than by virtue of such Securities held by him or instruments
in writing as aforesaid duly designating him as the person to vote on behalf of other such Securityholders. Any meeting of holders of Securities with respect to which a meeting was duly called
pursuant to the provisions of Sections 9.02 or 9.03 may be adjourned from time to time by a majority of those present, whether or not constituting a quorum, and the meeting may be held as so adjourned
without further notice. 

        Section 9.07.    Voting.    The vote upon any resolution
submitted to any meeting of holders of Securities with respect to which such meeting is being held shall be by written ballots on which shall be subscribed the signatures of such holders of Securities
or of their representatives by proxy and the principal amount (in the case of Original Issue Discount Securities, such principal amount to be determined as provided in the definition of "Security or
Securities; Outstanding" in Section 1.01) and number or numbers of such Securities held or represented by them. The permanent chairman of the meeting shall appoint two inspectors of votes who
shall count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their verified written reports in duplicate of all votes cast at
the meeting. A record in duplicate of the proceedings of each meeting of Securityholders shall be prepared by the secretary of the meeting and there shall be attached to said record the original
reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing
that said notice was mailed as provided in Section 9.02. The record shall show the principal amount of the Securities (in the case of Original Issue Discount Securities, such principal amount
to be determined as provided in the definition of "Security or Securities; Outstanding" in Section 1.01) voting in favor of or against any resolution. The record shall be signed and verified by
the affidavits of the permanent chairman and secretary of the meeting and one of the duplicates shall be delivered to the Company and the other to the Trustee to be preserved by the Trustee, the
latter to have attached thereto the ballots voted at the meeting. 

        Any
record so signed and verified shall be conclusive evidence of the matters therein stated. 

        Section 9.08.    No Delay of Rights by Meeting.    Nothing in
this Article Nine contained shall be deemed or construed to authorize or permit, by reason of any call of a meeting of Securityholders of any or all series or any rights expressly or impliedly
conferred hereunder to make such call, any hindrance or delay in the exercise of any right or rights conferred upon or reserved to the Trustee or to the Securityholders of any or all such series under
any of the provisions of this Indenture or of the Securities. 

 
 

ARTICLE 10
  SUPPLEMENTAL INDENTURES    
    

        Section 10.01.    Supplemental Indentures without Consent of
Securityholders.    The Company, when authorized by resolution of the Board of Directors, and the Trustee may from time to time and at any time enter into an
indenture or indentures supplemental hereto for one or more of the following purposes: 

        (a)   to evidence the succession of another Person to the Company, or successive successions, and the assumption by the
successor Person of the covenants, agreements and obligations of the Company pursuant to Article Eleven hereof; 

        (b)   to add to the covenants of the Company such further covenants, restrictions, conditions or provisions for the protection
of the holders of all or any series of Securities (and if such covenants are to be for the benefit of less than all series of Securities, stating that such covenants are expressly being included for
the benefit of such series) as the Board of Directors of the Company and the Trustee shall 

37

 

consider
to be for the protection of the holders of such Securities, and to make the occurrence, or the occurrence and continuance, of a default in any of such additional covenants, restrictions,
conditions or provisions a default or an Event of Default permitting the enforcement of all or any of the several remedies provided in this Indenture as herein set forth;  provided, however, that in
respect of any such additional covenant, restriction, condition or provision such supplemental indenture may provide for a
particular period of grace after default (which period may be shorter or longer than that allowed in the case of other defaults) or may provide for an immediate enforcement upon such default or may
limit the remedies available to the Trustee upon such default; 

        (c)   to provide for the issuance under this Indenture of Securities in coupon form (including Securities registrable as to
principal only) and to provide for exchangeability of such Securities with the Securities of the same series issued hereunder in fully registered form and to make all appropriate changes for such
purpose; 

        (d)   to establish the forms or terms of Securities of any series or of the Coupons appertaining to such Securities as
permitted by Sections 2.01 and 2.02; 

        (e)   to cure any ambiguity or to correct or supplement any provision contained herein or in any supplemental indenture which
may be defective or inconsistent with any other provision contained herein or in any supplemental indenture, or to make such other provisions in regard to matters or questions arising under this
Indenture which shall not adversely affect the interests of the holders of any Securities; provided,  however, that any amendment made solely to conform the
provisions of this Indenture to the description of the Securities contained in the prospectus or
other offering document pursuant to which the Securities were sold will not be deemed to adversely affect the interests of the holders of the Securities; 

        (f)    to modify or amend this Indenture to permit the qualification of this Indenture or any indentures supplemental hereto
under the Trust Indenture Act of 1939, as amended; 

        (g)   to add guarantees with respect to the Securities of any series or to secure the Securities of any series; and 

        (h)   to evidence and provide for the acceptance of appointment hereunder by a successor or separate trustee with respect to
the Securities of one or more series or to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by
more than one trustee, pursuant to the requirements of Section 7.11 or pursuant to Section 2.02(17). 

        The
Trustee is hereby authorized to join with the Company in the execution of any such supplemental indenture, to make any further appropriate agreements and stipulations which may be
therein contained and to accept the conveyance, transfer and assignment of any property thereunder, but the Trustee shall not be obligated to, but may in its discretion, enter into any such
supplemental indenture which affects the Trustee's own rights, duties or immunities under this Indenture or otherwise. 

        Any
supplemental indenture authorized by the provisions of this Section 10.01 may be executed by the Company and the Trustee without the consent of the holders of any of the
Securities at the time Outstanding, notwithstanding any of the provisions of Section 10.02. 

        Section 10.02.    Supplemental Indentures with Consent of
Securityholders.    With the consent (evidenced as provided in Sections 8.01 and 8.02) of the holders of a majority in the aggregate principal amount of the
Securities of each series (each series voting as a class) affected by such supplemental indenture at the time Outstanding, the Company and the Trustee may from time to time and at any time enter into
an indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or any 

38

 

supplemental
indenture or of modifying in any manner the rights of the holders of the Securities or each such series; provided, however, that no such
supplemental indenture shall (i) change the stated maturity of principal of, or any installment of principal of or interest on, any Security, (ii) reduce the rate of or extend the time
of payment of interest, if any, on any Security, or alter the manner of calculation of interest payable on any Security (except as part of any remarketing of the Securities of any series, or any
interest rate reset with respect thereto in each case in accordance with the terms thereof), (iii) reduce the principal amount or premium, if any, on any Security, (iv) make the
principal amount or premium, if any, or interest, if any, on any Security, payable in any coin or currency other than that provided in any Security, (v) reduce the percentage in principal
amount of Securities of any series, the holders of which are required to consent to any such supplemental indenture or any waiver of any past default or Event of Default pursuant to
Section 6.07(b), (vi) change any place of payment where the Securities of any series or interest thereon is payable, (vii) impair the right of any holder of a Security to
institute suit for any such payment, or reduce the amount of the principal of an Original Issue Discount Security that would be due and payable upon an acceleration of the maturity thereof pursuant to
Section 6.01 or adversely affect the right of repayment, if any, at the option of the holder, or extend the time, or reduce the amount of any payment to any sinking fund or analogous obligation
relating to any Security, or (viii) modify any provision of Section 6.07(b) or 10.02 (except to increase any such percentage or to provide that certain other provisions of the Indenture
cannot be modified or waived without the consent of the holder of each Security so affected), without, in the case of each of the foregoing clauses (i) through (viii), the consent of the holder
of each Security so affected. A supplemental indenture which changes or eliminates any covenant or other provision of this Indenture which has expressly been included solely for the benefit of one or
more particular series of Securities, or which modifies the rights of the holders of Securities of such series with respect to such covenant or other provision, shall be deemed not to affect the
rights under this Indenture of the holders of Securities of any other series. 

        Upon
the request of the Company, accompanied by a copy of the resolutions of the Board of Directors authorizing the execution and delivery of any such supplemental indenture, and upon
the filing with the Trustee of evidence of the consent of Securityholders as aforesaid, the Trustee shall join with the Company in the execution of such supplemental indenture unless such supplemental
indenture affects the Trustee's own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion but shall not be obligated to, enter into such
supplemental indenture. 

        It
shall not be necessary for the consent of the Securityholders under this Section 10.02 to approve the particular form of any proposed supplemental indenture, but it shall be
sufficient if such consent shall approve the substance thereof. 

        Section 10.03. Compliance with Trust Indenture Act; Effect of Supplemental Indentures. Any supplemental
indenture executed pursuant to the provisions of this Article Ten shall comply with the Trust Indenture Act of 1939, as then in effect. Upon the execution of any supplemental indenture pursuant to the
provisions of this Article Ten, this Indenture shall be deemed to be modified and amended in accordance therewith and the respective rights, limitations of rights, obligations, duties and immunities
under this Indenture of the Trustee, the Company and the holders of the Securities shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and
amendments, and all the terms and conditions of any such supplemental indenture shall be and be deemed to be part of the terms and conditions of this Indenture for any and all purposes. 

        Section 10.04.    Notation on Securities.    Securities
authenticated and delivered after the execution of any supplemental indenture pursuant to the provisions of this Article Ten may bear a notation in form approved by the Trustee as to any matter
provided for in such supplemental indenture. If the Company or the Trustee shall so determine, new Securities of any series so modified as to conform, in the opinion of the Trustee and the Board of
Directors, to any modification of this Indenture contained 

39

 

in
any such supplemental indenture may be prepared and executed by the Company, authenticated by the Trustee and delivered in exchange for the Securities of such series then Outstanding. 

        Section 10.05. Evidence of Compliance of Supplemental Indenture to be Furnished Trustee. The Trustee,
subject to the provisions of Sections 7.01 and 7.02, may receive an Officers' Certificate and an Opinion of Counsel as conclusive evidence that any supplemental indenture executed pursuant hereto
complies with the requirements of this Article Ten. 

 
 

ARTICLE 11
  CONSOLIDATION, MERGER, SALE OR CONVEYANCE    
    

        Section 11.01. Company May Not Consolidate, etc., Except Under Certain Conditions.
The Company covenants that it will not merge or consolidate with any other Person or sell, convey, transfer or otherwise dispose of all or substantially all of its assets to any other Person, unless
(i) either the Company shall be the continuing corporation, or the successor Person (if other than the Company) shall be a corporation or a limited liability company organized and existing
under the laws of the United States of America or a state thereof or the District of Columbia and such corporation or limited liability company, as the case may be, shall expressly assume the due and
punctual payment of the principal of, and premium, if any, and interest, if any, on all the Securities according to their tenor, and the due and punctual performance and observance of all of the
covenants and conditions of this Indenture to be performed by the Company by supplemental indenture satisfactory to the Trustee, executed and delivered to the Trustee by such corporation or limited
liability company, as the case may be, and (ii) the Company or such successor corporation or limited liability company, as the case may be, shall not, immediately after such merger or
consolidation, or such sale, conveyance, transfer or other disposition, be in default in the performance of any such covenant or condition. In the event of any
such merger, consolidation, sale, conveyance (other than by way of lease), transfer or other disposition, the predecessor company may be dissolved, wound up and liquidated at any time thereafter. 

        Section 11.02. Successor Corporation or Limited Liability Company to be Substituted. In case of any such
merger, consolidation, sale, conveyance (other than by way of lease), transfer or other disposition, and upon any such assumption by the successor corporation or limited liability company, such
successor corporation or limited liability company shall succeed to and be substituted for the Company, with the same effect as if it had been named herein as the Company, and the Company shall be
relieved of any further obligation under this Indenture and under the Securities. Such successor corporation or limited liability company thereupon may cause to be signed, and may issue either in its
own name or in the name of Genworth Financial, Inc., any or all of the Securities issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Trustee;
and, upon the order of such successor corporation or limited liability company, instead of the Company, and subject to all the terms, conditions and limitations in this Indenture prescribed, the
Trustee shall authenticate and shall deliver any Securities which previously shall have been signed and delivered by the officers of the Company to the Trustee for authentication, and any Securities
which such successor corporation or limited liability company thereafter shall cause to be signed and delivered to the Trustee for that purpose. All the Securities so issued shall in all respects have
the same legal rank and benefit under this Indenture as the Securities theretofore or thereafter issued in accordance with the terms of this Indenture as though all of such Securities had been issued
at the date of the execution hereof. 

        In
case of any such merger, consolidation, sale, conveyance, transfer or other disposition, such changes in phraseology and form (but not in substance) may be made in the Securities
thereafter to be issued as may be appropriate. 

        Section 11.03.    Documents to be Given Trustee.    The
Trustee, subject to the provisions of Sections 7.01 and 7.02, may receive an Officers' Certificate and an Opinion of Counsel as conclusive evidence that any such consolidation, merger, sale,
conveyance, transfer or other disposition, and any such assumption, comply with the provisions of this Article Eleven. 

40

  

 
 

ARTICLE 12
  SATISFACTION AND DISCHARGE OF INDENTURE    
    

        Section 12.01.    Discharge of Indenture.    When (a) the Company shall deliver
to the Trustee for cancellation all Securities theretofore authenticated (other than any Securities which shall have been destroyed, lost or stolen or in lieu of or in substitution for which other
Securities shall have been authenticated and delivered, or which shall have been paid, pursuant to the provisions of Section 2.07 or Securities for whose payment money has theretofore been
deposited in trust and thereafter repaid to the Company as provided in Section 12.06) and not theretofore cancelled, or (b) all the Securities not theretofore cancelled or delivered to
the Trustee for cancellation shall have become due and payable, or are by their terms to become due and payable within one year or are to be called for redemption within one year under arrangements
satisfactory to the Trustee for the giving of notice of redemption, and the Company shall deposit with the Trustee, in trust, funds sufficient to pay at maturity or upon redemption all of the
Securities (other than any (i) Securities which shall have been destroyed, lost or stolen and in lieu of or in substitution for which other Securities shall have been authenticated and
delivered, or which shall have been paid, pursuant to the provisions of Section 2.07 or (ii) Securities for whose payment money has theretofore been deposited in trust and thereafter
repaid to the Company as provided in Section 12.06) not theretofore cancelled or delivered to the Trustee for cancellation, including principal, premium, if any, and interest, if any, due or to
become due to such date of maturity or date fixed for redemption, as the case may be, and if in either case the Company shall also pay or cause to be paid all other sums payable hereunder by the
Company, then this Indenture shall cease to be of further effect (except as to (i) rights of registration of transfer and exchange of Securities, (ii) substitution of mutilated, defaced,
destroyed, lost or stolen Securities, (iii) rights of holders to receive payments of principal thereof and interest thereon, and remaining rights of the holders to receive mandatory sinking
fund payments, if any, (iv) the rights, obligations and immunities of the Trustee hereunder and (v) the rights of the Securityholders as beneficiaries hereof with respect to the property
so deposited with the Trustee payable to all or any of them), and the Trustee, on demand of the Company accompanied by an Officers' Certificate and an Opinion of Counsel and at the cost and expense of
the Company, shall execute proper instruments acknowledging satisfaction of and discharging this Indenture, the Company, however, hereby agreeing to reimburse the Trustee for any costs or expenses
thereafter reasonably and properly incurred by the Trustee in connection with this Indenture or the Securities. 

        Section 12.02.    Legal Defeasance.    On the 91st day following the deposit referred
to in clause (a), the Company will be deemed to have paid and will be discharged from its obligations in respect of the Securities of the series with respect to which such deposit shall have
been made and the Indenture with respect to such Securities, other than (i) the rights of the Securityholders of Outstanding Securities of such series to receive, solely from the trust fund
described in clause (a), payments in respect of the
principal of and interest on such securities when such payments are due and (ii) its obligations in Article Two and Sections 4.02, 7.06, 7.10, 12.06; and 12.07 provided the following conditions
have been satisfied: 

        (a)    The Company has irrevocably deposited in trust with the Trustee, as trust funds solely for the benefit of the
Securityholders of such series, money sufficient, or U.S. Government Obligations, the principal of and interest on which shall be sufficient, or a combination thereof sufficient, in the opinion of the
Board of Directors of the Company evidenced by a resolution set forth in an Officers' Certificate delivered to the Trustee, without consideration of any reinvestment, to pay principal of, premium, if
any, and interest, if any, on the Securities of such series to maturity or redemption, as the case may be, provided that any redemption before maturity has been irrevocably provided for under
arrangements satisfactory to the Trustee. 

41

 

        (b)    The deposit will not result in a breach or violation of, or constitute a default under, the Indenture or any other
agreement or instrument to which the Company is a party or by which it is bound. 

        (c)    The Company has delivered to the Trustee either (x) a ruling received from the Internal Revenue Service to the
effect that the holders of the Securities of such series will not recognize income, gain or loss for federal income tax purposes as a result of the defeasance and will be subject to federal income tax
on the same amount and in the same manner and at the same times as would otherwise have been the case or (y) an Opinion of Counsel, based on a change in law after the date of the Indenture, to
the same effect as the ruling described in clause (x). 

        (d)    The Company has delivered to the Trustee an Officers' Certificate and an Opinion of Counsel, in each case stating that
all conditions precedent provided for herein relating to the defeasance have been complied with. 

        Prior
to the end of the 91-day period, none of the Company's obligations under the Indenture with respect to the Securities of such series will be discharged. Thereafter, the
Trustee, upon the request and at the cost and expense of the Company, will acknowledge in writing the discharge of the Company's obligations under the Securities of such series and the Indenture with
respect to such series except for the surviving obligations specified above. 

        As
used herein, "U.S. Government Obligation" means (x) any security which is (i) a direct obligation of the United States of America for the payment of which its full faith
and credit is pledged or (ii) an obligation of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America, the payment of which is
unconditionally guaranteed as a full faith and credit
obligation by the United States of America, which, in either case (i) or (ii), is not callable or redeemable at the option of the issuer thereof, and (y) any depositary receipt issued by
a bank (as defined in Section 3(a)(2) of the Securities Act of 1933) as custodian with respect to any U.S. Government Obligation which is specified in clause (x) above and held by such
bank for the account of the holder of such depositary receipt, or with respect to any specific payment of principal of or interest on any U.S. Government Obligation which is so specified and held,  provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such
depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligation or the specific payment of principal or interest evidenced by such depositary receipt. 

        Section 12.03.    Covenant Defeasance.    After the 91st day following the deposit
referred to in clause (a) with respect to the Securities of a series, the Company's obligations set forth in the covenant or covenants for such series of Securities established as contemplated
by Section 2.02(20) will terminate, and clauses (d) (to the extent relating to such covenant or covenants), (e) and (h) of Section 6.01 will no longer constitute
Events of Default with respect to the Securities of a series, provided the following conditions have been satisfied: 

        (a)    the Company has complied with clauses (a), (b) and (d) of Section 12.02; and 

        (b)    the Company has delivered to the Trustee an Opinion of Counsel to the effect that the holders of the Securities of such
series will not recognize income, gain or loss for federal income tax purposes as a result of the defeasance and will be subject to federal income tax on the same amount and in the same manner and at
the same times as would otherwise have been the case. 

        Except
as specifically stated above, none of the Company's obligations under the Indenture will be discharged. 

        Section 12.04.    Deposited Moneys to be Held in Trust by Trustee; Miscellaneous
Provisions.    All moneys and U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee pursuant to the provisions of,
Section 12.02 or 12.03 shall be held in trust and applied by it to the 

42

 

payment,
either directly or through any paying agent (including the Company if acting as its own paying agent), to the holders of the particular Securities for payment or redemption of which such
moneys or U.S. Government Obligations have been deposited with the Trustee, of all sums due and to become due thereon for principal, premium, if any, and interest, if any. 

        The
Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government Obligations deposited pursuant to
Section 12.01 or 12.03 or the
principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the holders of the Securities. 

        Anything
in this Article to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon request of the Company any money or U.S. Government
Obligations held by it as provided in Section 12.02 or 12.03 with respect to any Securities which, in the opinion of a nationally recognized firm of independent public accountants expressed in
a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect the legal defeasance or covenant defeasance, as the
case may be, with respect to such Securities. 

        Section 12.05.    Paying Agent to Repay Moneys Held.    Upon the satisfaction and
discharge of this Indenture all moneys then held by any paying agent of the Securities (other than the Trustee) shall, upon demand of the Company, be repaid to the Company or paid to the Trustee, and
thereupon such paying agent shall be released from all further liability with respect to such moneys. 

        Section 12.06.    Return of Unclaimed Moneys.    Any moneys deposited with or paid to
the Trustee for payment of the principal of, premium, if any, or interest, if any, on Securities of any series and not applied but remaining unclaimed by the holders of Securities of that series for
two years after the date upon which the principal of, premium, if any, or interest, if any, on such Securities, as the case may be, shall have become due and payable, shall be repaid to the Company by
the Trustee on written demand; and the holder of any such Securities shall thereafter look only to the Company for any payment which such holder may be entitled to collect and all liability of the
Trustee with respect to such money shall thereupon cease. 

        Section 12.07.    Reinstatement.    If and for so long as the Trustee is unable to
apply any money or U.S. Government Obligations held in trust pursuant to Section 12.01, 12.02 or 12.03 by reason of any legal proceeding or by reason of any order or judgment of any court or
governmental authority enjoining, restraining or otherwise prohibiting such application, the Company's obligations under the Indenture and the Securities will be reinstated as though no such deposit
in trust had been made. If the Company makes any payment of principal of or interest on any Securities because of the reinstatement of its obligations, it will be subrogated to the rights of the
Securityholders of such Securities to receive such payment from the money or U.S. Government Obligations held in trust. 

 
 

ARTICLE 13
  IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS    
    

        Section 13.01.    Indenture and Securities Solely Corporate Obligations.    No recourse
for the payment of the principal of, premium, if any, or interest, if any, on any Security, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any
obligation, covenant or agreement of the Company in this Indenture or in any supplemental indenture, or in any Security, or because of the creation of any indebtedness represented thereby, shall be
had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or of any successor corporation, either directly or through the Company or any
successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such
liability is hereby expressly waived and released as 

43

 

a
condition of, and as a consideration for, the execution of this Indenture and the issue of the Securities. 

 
 

ARTICLE 14
  MISCELLANEOUS PROVISIONS    
    

        Section 14.01.    Provisions Binding on Company's Successors.    All the covenants,
stipulations, promises and agreements in this Indenture contained by the Company shall bind its successors and assigns whether so expressed or not. 

        Section 14.02.    Official Acts by Successor Corporation.    Any act or proceeding by
any provision of this Indenture authorized or required to be done or performed by any board, committee or officer of the Company shall and may be done and performed with like force and effect by the
like board, committee or officer of any corporation that shall at the time be the lawful sole successor of the Company. 

        Section 14.03.    Addresses for Notices, Notice to Holders, Waiver.    Any notice or
demand which by any provision of this Indenture is required or permitted to be given or served by the Trustee or by the holders of Securities on the Company may be given or served by being deposited
postage prepaid by first class mail in a post office letter box addressed (until another address is filed by the Company with the Trustee) to Genworth Financial, Inc., 6620 West Broad Street,
Richmond, Virginia 23230. Any notice, direction, request or demand by any Securityholder to or upon the Trustee shall be deemed to have been sufficiently given or made, for all purposes, if given or
made in writing at the principal office of the Trustee, addressed to the attention of its corporate trust office as specified in Section 7.13 hereof. 

        Where
this Indenture provides for notice of holders of any event, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed,
first-class postage prepaid, to each
holder affected by such event, at his address as it appears in the Security register, not later than the latest date (if any), and not earlier than the earliest date (if any), prescribed for the
giving of such notice. In any case where notice to holders is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular holder shall affect the
sufficiency of such notice with respect to other holders. Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice,
either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by holders shall be filed with the Trustee, but such filing shall not be a condition
precedent to the validity of any action taken in reliance upon such waiver. 

        In
case by reason of the suspension of regular mail service or by reason of any other cause it shall be impracticable to give such notice by mail, then such notification as shall be made
with approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. 

        Section 14.04.    New York Contract.    This Indenture and each Security shall be
deemed to be a contract made under the laws of the State of New York, and for all purposes shall be construed in accordance with the laws of said State. 

        Section 14.05.    Evidence of Compliance with Conditions Precedent.    Upon any
application or demand by the Company to the Trustee to take any action under any of the provisions of this Indenture, the Company shall furnish to the Trustee an Officers' Certificate stating that all
conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that, in the opinion of such counsel, all such
conditions precedent have been complied with. 

        Each
certificate or opinion provided for in this Indenture and delivered to the Trustee with respect to compliance with a condition or covenant provided for in this Indenture shall
include: (1) a statement 

44

 

that
the person making such certificate or opinion has read such covenant or condition; (2) a brief statement as to the nature and scope of the examination or investigation upon which the
statements or opinion contained in such certificate or opinion are based; (3) a statement that, in the opinion of such person, he has made such examination or investigation as is necessary to
enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and (4) a statement as to whether or not, in the opinion of such person, such
condition or covenant has been complied with. 

        Section 14.06.    Legal Holidays.    In any case where the date of maturity of
interest, if any, on or principal of, or premium, if any, on the Securities or the date fixed for redemption or repayment of any Security will be in The City of New York, New York, a Saturday, a
Sunday, a legal holiday or a day on which banking institutions are authorized or required by law or executive order to close or remain closed,
then payment of such interest, if any, on or principal of or premium, if any, on the Securities need not be made on such date but may be made on the next succeeding day not in such city, a Saturday, a
Sunday, a legal holiday or a day on which banking institutions are authorized or required by law or executive order to close or remain closed, with the same force and effect as if made on the date of
maturity or a date fixed for redemption or repayment, and no interest shall accrue for the period from and after such date. 

        Section 14.07.    Securities in a Specified Currency other than Dollars.    Unless
otherwise specified as contemplated by Section 2.02 with respect to a particular series of Securities, whenever for purposes of this Indenture any action may be taken by the holders of a
specified percentage in aggregate principal amount of Securities of all series or all series affected by a particular action at the time Outstanding and, at such time, there are Outstanding any
Securities of any series which are denominated in a Specified Currency other than Dollars then the principal amount of Securities of such series which shall be deemed to be Outstanding for the purpose
of taking such action shall be that amount of Dollars that could be obtained for such amount of such Specified Currency at the Market Exchange Rate. For purposes of this Section 14.07, Market
Exchange Rate shall mean the noon Dollar buying rate in New York City for cable transfers of the Specified Currency published by the Federal Reserve Bank of New York. If such Market Exchange Rate is
not available for any reason with respect to such Specified Currency, the Trustee shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank of New
York or such other quotations as the Trustee shall deem appropriate. The provisions of this paragraph shall apply in determining the equivalent principal amount in respect of Securities of a series
denominated in a Specified Currency other than Dollars in connection with any action taken by holders of Securities pursuant to the terms of this Indenture, including, without limitation, any
determination contemplated in Section 6.01(d) or (e). 

        All
decisions and determination of the Trustee regarding the Market Exchange Rate or any alternative determination provided for in the preceding paragraph shall be in its sole discretion
and shall, in the absence of manifest error, be conclusive to the extent permitted by law for all purposes and irrevocably binding upon the Company and all Securityholders. 

        Section 14.08.    Trust Indenture Act to Control.    If and to the extent that any
provision of this Indenture limits, qualifies or conflicts with the duties imposed by, or with another provision (an "incorporated provision") included in this Indenture by operation of, Sections 310
to 318, inclusive, of the Trust Indenture Act of 1939, such imposed duties or incorporated provision shall control. 

        Section 14.09.    Table of Contents, Headings, etc.    The table of contents and the
titles and headings of the articles and sections of this Indenture have been inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict
any of the terms or provisions hereof. 

45

 

        Section 14.10.    Execution in Counterparts.    This Indenture may be executed in any
number of counterparts, each of which shall be an original, but such counterparts shall together constitute but one and the same instrument. 

        Section 14.11.    Separability; Benefits.    In case any one or more of the provisions
contained in this Indenture or in the Securities shall for any reason be held to be invalid, illegal or unenforceable, in any respect, then, to the extent permitted by law, such invalidity, illegality
or unenforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

        Nothing
in this Indenture or in the Securities, expressed or implied, shall give to any person, other than the parties hereto and their successors hereunder, and the holders of the
Securities, any benefit or any legal or equitable right, remedy or claim under this Indenture. 

46

 

        IN
WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed, and their respective corporate seals to be hereunto affixed and attested, all as of
            , 2004. 

	 	 	GENWORTH FINANCIAL, INC.
	

 	
 	

By:	

 Name:

Title:

	[CORPORATE SEAL]

Attest:	 
	

By:	
 	

 Name:

Title:	

 

	 	 	JPMORGAN CHASE BANK, as Trustee
	

 	
 	

By:	

 Name:

Title:

	[CORPORATE SEAL]

Attest:	 
	

By:	
 	

 Name:

Title:	

 

47

QuickLinks

CROSS-REFERENCE TABLE

TABLE OF CONTENTS

ARTICLE 1 DEFINITIONS

ARTICLE 2 DESCRIPTION, EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES

ARTICLE 3 REDEMPTION OF SECURITIES; SINKING FUNDS

ARTICLE 4 PARTICULAR COVENANTS OF THE COMPANY

ARTICLE 5 SECURITYHOLDER LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE

ARTICLE 7 CONCERNING THE TRUSTEE

ARTICLE 8 CONCERNING THE SECURITYHOLDERS

ARTICLE 9 SECURITYHOLDERS' MEETINGS

ARTICLE 10 SUPPLEMENTAL INDENTURES

ARTICLE 11 CONSOLIDATION, MERGER, SALE OR CONVEYANCE

ARTICLE 12 SATISFACTION AND DISCHARGE OF INDENTURE

ARTICLE 13 IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS

ARTICLE 14 MISCELLANEOUS PROVISIONSExhibit 4.11

 

 

GENWORTH
FINANCIAL, INC.

 

AND

 

JPMORGAN
CHASE BANK,

 

as
Trustee

 

 

FORM
OF SUPPLEMENTAL INDENTURE NO. 1

 

Dated
as of June [•], 2004

 

 

 

THIS
SUPPLEMENTAL INDENTURE No. 1 (this “Supplemental Indenture No. 1”), dated as of
June [•], 2004, is between
GENWORTH FINANCIAL, INC., a Delaware corporation (the “Company”), and JPMORGAN CHASE BANK, a New
York banking corporation, as Trustee (the “Trustee”).

 

R E C I T A L
S

 

WHEREAS, the
Company has concurrently herewith executed and delivered to the Trustee an
Indenture dated as of June [•], 2004,
between the Company and the Trustee (the “Base  Indenture”
and together with this Supplemental Indenture No. 1, the “Indenture”), providing for
the issuance from time to time of series of the Company’s Securities;

 

WHEREAS,
Section 10.01(d) of the Base Indenture provides for the Company and the Trustee
to enter into an indenture supplemental to the Base Indenture to establish the
forms or terms of Securities of any series as permitted by Section 2.01 or Section
2.02 of the Base Indenture;

 

WHEREAS,
pursuant to Section 2.02 of the Base Indenture, the Company wishes to provide
for the issuance of four new series of Securities to be known as its LIBOR
Floating Rate Notes due 2007 (the “2007 Notes”), [•]%  Notes due 2009 (the “2009 Notes”) [•]% Notes due 2014 (the “2014 Notes”)
and [•]%
Notes due 2034 (the “2034 Notes;” and together with the 2007
Notes, 2009 Notes and 2014 Notes, the “Notes”), the forms and terms of such Notes
and the terms, provisions and conditions thereof to be set forth as provided in
this Supplemental Indenture No. 1; and

 

WHEREAS, the Company has requested that the
Trustee execute and deliver this Supplemental Indenture No. 1 and all
requirements necessary to make this Supplemental Indenture No. 1 a valid,
binding and enforceable instrument in accordance with its terms, and to make
the Notes, when executed by the Company and authenticated and delivered by the
Trustee, the valid, binding and enforceable obligations of the Company, have
been done and performed, and the execution and delivery of this Supplemental
Indenture No. 1 has been duly authorized in all respects;

 

NOW,
THEREFORE, in consideration of the covenants and agreements set forth herein
and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto hereby agree as follows:

 

1

 

ARTICLE
1

DEFINITIONS

 

Section
1.01.  Relation to
Base Indenture.  This
Supplemental Indenture No. 1 constitutes an integral part of the Base
Indenture.

 

Section
1.02.  Definition
Of Terms.  For all purposes
of this Supplemental Indenture No. 1:

 

(a)           Capitalized terms used herein
without definition shall have the meanings set forth in the Base Indenture;

 

(b)           a term defined anywhere in this
Supplemental Indenture No. 1 has the same meaning throughout;

 

(c)           the singular includes the plural
and vice versa;

 

(d)           headings are for convenience of
reference only and do not affect interpretation;

 

(e)           the following terms have the
meanings given to them in this Section 1.02(e):

 

“Business Day” shall mean, unless otherwise
specified, any calendar day that is not a Saturday, Sunday or legal holiday in
New York, New York and on which commercial banks are open for business in New
York, New York; provided, with respect to determinations for the 2007 Notes,
that the day is also a London Business Day.

 

“Calculation
Agent” shall mean JPMorgan Chase Bank, or its successor appointed as
such by the Company.

 

“Comparable Treasury Issue” shall mean the
United States Treasury security selected by an Independent Investment Banker as
having a maturity comparable to the remaining term (“Remaining Life”) of the applicable series of Notes to be
redeemed that would be utilized, at the time of selection and in accordance
with customary financial practice, in pricing new issues of corporate debt
securities of comparable maturity to the remaining term of such Notes; provided,
however,
that, in the case of any redemption of the 2034 Notes, if the period from the
Redemption Date to the Maturity Date of such Notes is greater than the longest
maturity appearing in the most recently published statistical release
designated “H.15(519)” referred to in the definition of “Treasury Rate” below,
then the Comparable Treasury Issue for purposes of such redemption shall be
deemed to be the 5-3/8% Treasury Bond due February 2031, unless the Independent

 

2

 

Investment Banker determines
that such United States Treasury security is no longer an appropriate reference
for purposes of determining the Treasury Rate.

 

“Comparable Treasury Price” shall mean, with
respect to any Redemption Date, (A) the average of the Reference Treasury
Dealer Quotations for such Redemption Date, after excluding the highest and
lowest such Reference Treasury Dealer Quotations, or (B) if the Independent
Investment Banker obtains fewer than three such Reference Treasury Dealer
Quotations, the average of all such Quotations or, if only one such Quotation
is obtained, such Quotation.

 

“Global Notes” shall have the meaning set
forth in Section 2.04.

 

“Independent Investment Banker” shall mean
an independent investment banking institution of national standing appointed by
the Company, which may be one of the Reference Treasury Dealers.

 

“Interest
Determination Date” shall mean the second Business Day immediately
preceding either (i) the original issue date of the 2007 Notes, in the case of
the Initial Interest Reset Period, or thereafter (ii) the applicable Interest
Reset Date.

 

“Interest
Payment Date” shall mean a 2007 Interest Payment Date, 2009 Interest
Payment Date, 2014 Interest Payment Date or 2034 Interest Payment Date, as the
case may be.

 

“London
Business Day” shall mean any calendar day on which dealings in U.S.
Dollars are transacted in the London interbank market.

 

“Maturity Date” shall have the meaning set
forth in Section 2.02.

 

“Moneyline
Telerate Page 3750” shall mean the display designated on page “3750”
on Moneyline Telerate (or such other page as may replace the 3750 page on that
service, any successor service or such other service or services as may be
nominated by the British Bankers’ Association for the purpose of displaying
London interbank offered rates for U.S. dollar deposits).

 

“Redemption
Date” shall mean, with respect to any redemption of Notes, the date
fixed for such redemption pursuant to the Indenture and such Notes.

 

“Record
Date” shall mean, with respect to any Interest Payment Date for the
Notes, the first day, whether or not a Business Day, of the calendar month in
which such Interest Payment Date falls.

 

3

 

“Reference Treasury Dealer” shall mean (i)
each of Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Lehman
Brothers Inc. and their respective successors, provided,
however, that if any of the foregoing  shall cease to be a primary U.S. government securities dealer in
New York City (a “Primary Treasury Dealer”), the Company will
substitute therefor another Primary Treasury Dealer and (ii) any other Primary
Treasury Dealer selected by the Company.

 

“Reference Treasury Dealer Quotations” shall
mean, with respect to the Reference Treasury Dealer and any Redemption Date,
the average, as determined by the Independent Investment Banker, of the bid and
asked prices for the Comparable Treasury Issue (expressed in each case as a
percentage of its principal amount) quoted in writing to the Independent
Investment Banker by the Reference Treasury Dealer at 5:00 p.m. on the third
Business Day preceding such Redemption Date.

 

“Treasury Rate” shall mean, with respect to
any Redemption Date, (i) the yield, under the heading which represents the
average for the immediately preceding week, appearing in the most recently
published statistical release designated “H.15 (519)” or any successor
publication which is published weekly by the Board of Governors of the Federal
Reserve System and which establishes yields on actively traded United States
Treasury securities adjusted to constant maturity under the caption “Treasury
Constant Maturities,” for the maturity corresponding to the Comparable Treasury
Issue (if no maturity is within three months before or after the Remaining
Life, yields for the two published maturities most closely corresponding to the
Comparable Treasury Issue shall be determined and the Treasury Rate shall be
interpolated or extrapolated from such yields on a straight line basis,
rounding to the nearest month), (ii) if the period from the Redemption Date to
the Maturity Date of the Notes to be redeemed is less than one year, the weekly
average yield on actually traded United States Treasury securities adjusted to
a constant maturity of one year will be used, or (iii) if such release (or any
successor release) is not published during the week preceding the calculation
date or does not contain such yields, the rate per annum equal to the
semiannual equivalent yield to maturity of the Comparable Treasury Issue,
calculated using a price for the Comparable Treasury Issue (expressed as a
percentage of its principal amount) equal to the Comparable Treasury Price for
such Redemption Date.  The Treasury Rate
shall be calculated by the Company on the third Business Day preceding such
Redemption Date.  The Trustee shall not
be responsible for any such calculation.

 

The terms “Company,”
“Trustee,” “Indenture,” “Base Indenture,”  “Notes,” “2007 Notes,” “2009 Notes,”
“2014
Notes” and “2034 Notes” shall

 

4

 

have the respective meanings set forth in the recitals to this
Supplemental Indenture No. 1 and the paragraph preceding such recitals.

 

ARTICLE
2

GENERAL TERMS AND CONDITIONS OF THE NOTES

 

Section
2.01.  Designation
and Principal Amount.  The
Notes may be issued from time to time upon written order of the Company for the
authentication and delivery of Notes pursuant to Section 2.03 of the Base
Indenture.

 

(a)           2007 Notes

 

There is hereby authorized a series of
Securities designated as LIBOR Floating Rate Notes due 2007 limited in
aggregate principal amount to U.S. $500,000,000 (except for 2007 Notes
authenticated and delivered in accordance with the last paragraph of Section
2.02 of the Base Indenture or upon registration of transfer of, or in exchange
for, or in lieu of, other 2007 Notes pursuant to Sections 2.06, 2.07, 2.08 or
10.04 of the Base Indenture).

 

(b)           2009 Notes

 

There is
hereby authorized a series of Securities designated as [•]% Notes due 2009 limited
in aggregate principal amount to U.S. $500,000,000 (except for 2009 Notes
authenticated and delivered in accordance with the last paragraph of Section
2.02 of the Base Indenture or upon registration of transfer of, or in exchange
for, or in lieu of, other 2009 Notes pursuant to Sections 2.06, 2.07, 2.08,
3.03 or 10.04 of the Base Indenture).

 

(c)           2014 Notes

 

There is
hereby authorized a series of Securities designated as [•]% Notes due 2014 limited
in aggregate principal amount to U.S. $600,000,000 (except for 2014 Notes
authenticated and delivered in accordance with the last paragraph of Section
2.02 of the Base Indenture or upon registration of transfer of, or in exchange
for, or in lieu of, other 2014 Notes pursuant to Sections 2.06, 2.07, 2.08,
3.03 or 10.04 of the Base Indenture).

 

(d)           2034 Notes

 

There is hereby
authorized a series of Securities designated as [•]% Notes due 2034 limited
in aggregate principal amount to U.S. $300,000,000 (except for 2034 Notes
authenticated and delivered in accordance with the last paragraph of Section
2.02 of the Base Indenture or upon registration of transfer of, or in

 

5

 

exchange for, or in lieu of,
other 2034 Notes pursuant to Sections 2.06, 2.07, 2.08, 3.03 or 10.04 of the
Base Indenture).

 

Section
2.02. 
Maturity.  The date upon
which the Notes shall become due and payable at final maturity, together with
any accrued and unpaid interest, is [•],
2007 for the 2007 Notes, [•],
2009 for the 2009 Notes [•],
2014 for the 2014 Notes and [•],
2034 for the 2034 Notes (each, a “Maturity Date”).

 

Section
2.03. Form, Payment and Appointment.  Except as provided in Section
2.04, the Notes of a series shall be issued in fully registered, certificated
form, bearing identical terms within each series thereof. Principal of and
interest on the Notes will be payable, the transfer of such Notes will be
registrable, and such Notes will be exchangeable for Notes of a like aggregate
principal amount bearing identical terms and provisions, at the office or
agency of the Company maintained for such purpose in the Borough of Manhattan,
The City of New York, which shall initially be the Principal Office of the
Trustee; provided,
however, that payment of interest may be made at the option of the
Company by check mailed to the Person entitled thereto at such address as shall
appear in the Security register or by wire transfer to an account appropriately
designated by the Person entitled to payment; provided, that the paying
agent shall have received written notice of such account designation at least
five Business Days prior to the date of such payment (subject to surrender of
the relevant Note in the case of a payment of interest on a Redemption Date or
Maturity Date).

 

No service
charge shall be made for any registration of transfer or exchange of the Notes,
but the Company may require payment from the holder of a sum sufficient to
cover any tax or other governmental charge that may be imposed in connection
therewith.

 

The Security registrar and paying agent for
the Notes shall initially be the Trustee.

 

The Notes shall be issuable in denominations
of U.S. $1,000 and integral multiples of U.S. $1,000 in excess thereof.

 

The Specified Currency of the Notes shall be
U.S. Dollars.

 

Section
2.04.  Global
Notes.   The Notes of each series shall be issued
initially in the form of one or more permanent Global Securities in registered
form (a “Global Note”), deposited
with The Depository Trust Company or such other Depositary as any officer of
the Company may from time to time designate. Unless and until such Global Note
is exchanged for Notes in certificated form, Global Notes may be transferred,
in whole but not in part, and any payments on the Notes shall be made, only to
the Depositary or a nominee of the Depositary, or

 

6

 

to a successor Depositary
selected or approved by the Company or to a nominee of such successor
Depositary.

 

Section
2.05.  Interest.  (a) 
Interest payable on any Interest Payment Date, the Maturity Date or, if
applicable, the Redemption Date, with respect to each series of Notes shall be
the amount of interest accrued from, and including, the immediately preceding
Interest Payment Date in respect of which interest has been paid or duly
provided for (or from and including the original issue date of [•], 2004, if no interest has been paid
or duly provided for with respect to the series of Notes) to, but excluding,
such Interest Payment Date, Maturity Date or, if applicable, Redemption Date,
as the case may be (each, an “Interest Period”).

 

(b)
 Interest on
the 2007 Notes shall be payable quarterly in arrears on [•], [•], [•] and [•] of each year (each, a “2007 Interest Payment Date”),
commencing [•], 2004,
to the Persons in whose names the relevant 2007 Notes are registered at the
close of business on the Record Date for such Interest Payment Date, except as
provided in Section 2.05(g).  The amount
of interest payable for any full or partial Interest Period for the 2007 Notes
will be computed on the basis of the actual number of days elapsed divided by
360.  In the event that any scheduled
2007 Interest Payment Date (other than the Maturity Date of the 2007 Notes)
falls on a day that is not a Business Day, such 2007 Interest Payment Date will
be postponed to the next succeeding day which is a Business Day except that if
such Business Day is in the next succeeding calendar month, the 2007 Interest
Payment Date shall be the immediately preceding day which is a Business
Day.  Interest on the 2007 Notes shall
accrue from [•], 2004
or from the most recent 2007 Interest Payment Date to which interest has been
paid or duly provided for.

 

(i)            The
interest rate on the 2007 Notes shall be reset quarterly on [•],[•],[•]
and [•] of each year,
commencing [•], 2004
(each, an “Interest Reset Date”). The interest rate on the 2007 Notes for
the period from and including the original issue date of the 2007 Notes to, but
excluding, the initial Interest Reset Date (the “Initial Interest Reset Period”)
will be three-month LIBOR (as computed below), determined as of the Interest
Determination Date prior to such original issue date, plus [•]%. 
Thereafter, the 2007 Notes will bear interest at an annual rate equal to
three-month LIBOR (as computed below) for the period from and including an
Interest Reset Date to, but excluding, the immediately succeeding Interest
Reset Date (each an “Interest Reset Period”), plus [•]% per year.  The final Interest Reset Period for the 2007
Notes will be the period from and including the Interest Reset Date immediately
preceding the Maturity Date of the 2007 Notes to, but excluding, such Maturity
Date.

 

7

 

(ii)           If
any Interest Reset Date for the 2007 Notes would otherwise be a day that is not
a Business Day, the Interest Reset Date will be postponed to the next
succeeding day that is a Business Day, except that if that Business Day is in
the next succeeding calendar month, the Interest Reset Date shall be the next
preceding Business Day.

 

(iii)         Three-month
LIBOR will be determined by the Calculation Agent as of the applicable Interest
Determination Date in accordance with the following provisions:

 

(A)  LIBOR will be determined on the basis of the
offered rates for deposits in U.S. dollars having a three-month maturity,
commencing on the original issue date of the 2007 Notes or the related Interest
Reset Date, as applicable, immediately following such Interest Determination
Date, which appears on Moneyline Telerate Page 3750 as of approximately 11:00
a.m., London time, on such Interest Determination Date.  If no rate appears on Moneyline Telerate
Page 3750, LIBOR for such Interest Determination Date will be determined in
accordance with the provisions of paragraph (B) below; and

 

(B)   with respect to an Interest Determination
Date on which no rate appears on Moneyline Telerate Page 3750 as of
approximately 11:00 a.m., London time, on such Interest Determination Date, the
Calculation Agent shall request the principal London offices of each of four
major reference banks (which may include affiliates of the underwriters of the
2007 Notes) in the London interbank market selected by the Calculation Agent
(after consultation with the Company) to provide the Calculation Agent with a
quotation of the rate at which deposits of U.S. dollars having a three-month
maturity, commencing on the original issue date of the 2007 Notes or the
related Interest Reset Date, as applicable, immediately following such Interest
Determination Date, are offered by it to prime banks in the London interbank
market as of approximately 11:00 a.m., London time, on such Interest
Determination Date in a principal amount equal to an amount of not less than
U.S. $1,000,000 that is representative for a single transaction in such market
at such time.  If at least two such
quotations are provided, LIBOR for such Interest Determination Date will be the
arithmetic mean of such quotations as calculated by the Calculation Agent.  If fewer than two quotations are provided,
LIBOR for such Interest Determination Date will be the arithmetic mean of the
rates

 

8

 

quoted as of
approximately 11:00 a.m., New York City time, on such Interest Determination
Date by three major banks (which may include affiliates of the underwriters of
the 2007 Notes) selected by the Calculation Agent (after consultation with the
Company) for loans in U.S. dollars to leading European banks having a
three-month maturity commencing on the original issue date for the 2007 Notes
or the related Interest Reset Date, as applicable, immediately following such
Interest Determination Date and in a principal amount equal to an amount of not
less than U.S. $1,000,000 that is representative for a single transaction in
such market at such time; provided, however, that if the banks
selected as aforesaid by the Calculation Agent are not quoting such rates as
set forth in this sentence, LIBOR for such Interest Determination Date will be
LIBOR determined with respect to the immediately preceding Interest
Determination Date.

 

(iv)          All
percentages resulting from any calculation of any interest rate for the 2007
Notes will be rounded, if necessary, to the nearest one hundred thousandth of a
percentage point, with five one-millionths of a percentage point rounded upward
and all dollar amounts will be rounded to the nearest cent, with one-half cent
being rounded upward.

 

(v)            Promptly
upon such determination, the Calculation Agent will notify the Company and the
Trustee (if the Calculation Agent is not the Trustee) of the interest rate for
the new Interest Reset Period.  Upon
request of a holder of the 2007 Notes, the Calculation Agent will provide to
such holder the interest rate in effect on the date of such request and, if
determined, the interest rate for the next Interest Reset Period.

 

(vi)          All
calculations made by the Calculation Agent for the purposes of calculating
interest on the 2007 Notes shall be conclusive and binding on the holders of
the 2007 Notes, the Trustee and the Company, absent manifest error.

 

(c)           The
2009 Notes will bear interest at the rate of [•]% per year from the original issue
date thereof through and including the Maturity Date of the 2009 Notes. Interest on the 2009 Notes shall be
payable semi-annually in arrears on [•] and [•] of each year (each, a “2009 Interest Payment Date”),
commencing [•],
2004, to the Persons in whose names the relevant 2009 Notes are registered at the close of
business on the Record Date for such Interest Payment Date, except as provided
in Section 2.05(g).

 

(d)           The
2014 Notes will bear interest at the rate of [•]% per year from the original issue
date thereof through and including the Maturity Date of the

 

9

 

2014 Notes. Interest on the 2014 Notes shall be
payable semi-annually in arrears on [•] and [•] of each year (each, a “2014 Interest Payment Date”),
commencing [•],
2004, to the Persons in whose names the relevant 2014 Notes are registered at the close of
business on the Record Date for such Interest Payment Date, except as provided
in Section 2.05(g).

 

(e)           The
2034 Notes will bear interest at the rate of [•]% per year from the original issue
date thereof through and including the Maturity Date of the 2034 Notes. Interest on the 2034 Notes shall be
payable semi-annually in arrears on [•] and [•] of each year (each, a “2034 Interest Payment Date”),
commencing [•],
2004, to the Persons in whose names the relevant 2034 Notes are registered at the close of
business on the Record Date for such Interest Payment Date, except as provided
in Section 2.05(g).

 

(f)            The amount of interest payable for
any full semi-annual Interest Period for the 2009 Notes, the 2014 Notes and the
2034 Notes will be computed on the basis of a 360-day year consisting of twelve
30-day months.  The amount of interest
payable for any period shorter than a full semi-annual Interest Period for such
Notes for which interest is computed will be computed on the basis of a 30-day
month and, for any period less than a month, on the basis of the actual number
of days elapsed per 30-day month.  In
the event that any scheduled Interest Payment Date for such Notes falls on a
day that is not a Business Day, then payment of interest payable on such
Interest Payment Date will be postponed to the next succeeding day which is a Business Day (and no interest
on such payment will accrue for the period from and after such scheduled
Interest Payment Date).

 

(g)           In the event that the Maturity Date
or a Redemption Date for any Note falls on a day that is not a Business Day,
then the related payments of principal, premium, if any, and interest may be
made on the next succeeding day that is a Business Day (and no additional
interest will accumulate on the amount payable for the period from and after
such Maturity Date).  Interest due on
the Maturity Date or a Redemption Date (in each case, whether or not an
Interest Payment Date) of any Notes will be paid to the Person to whom
principal of such Notes is payable.

 

Section
2.06.  No Sinking
Fund.  The Notes are not
entitled to the benefit of any sinking fund.

 

10

 

ARTICLE
3

REDEMPTION OF THE NOTES

 

Section
3.01. Optional Redemption by Company. Except
as otherwise may be specified in this Supplemental Indenture No. 1, the Company
shall have the right to redeem the 2009 Notes, the 2014 Notes or the 2034
Notes, in whole or in part, at any time or from time to time, at a redemption
price (the “Optional Redemption Price”)
equal to the greater of:

 

(i)            100%
of the principal amount plus accrued and unpaid interest to, but excluding, the
Redemption Date of the series to be redeemed; and

 

(ii)           the
sum of the present values of the remaining scheduled payments of principal and
interest (exclusive of interest accrued to the Redemption Date of the series to
be redeemed) discounted to the Redemption Date of the series to be redeemed on
a semi-annual basis (assuming a 360-day year consisting of twelve 30-day
months) at (A) the Treasury Rate plus [•] basis points for the 2009 Notes, (B) the Treasury Rate
plus [•] basis points
for the 2014 Notes and (C) the Treasury Rate plus [•] basis points for the 2034 Notes,
plus, in each case, accrued interest on the principal amount being redeemed to
the Redemption Date of the series to be redeemed.

 

The Company
will mail notice of such redemption to the registered holders of the Notes of
the series to be redeemed not less than 30 nor more than 60 days prior to the
Redemption Date.  If Notes are only
partially redeemed pursuant to this Section 3.01, the Notes of the series to be
redeemed will be selected by the Trustee in such manner as in its sole
discretion it shall deem appropriate and fair; provided,
that if at the time of redemption the Notes of the series to be redeemed are
registered as a Global Note, the Depositary shall determine, in accordance with
its procedures, the principal amount of the Notes of the series to be redeemed
held by each of its participants that holds a position in such Notes. The
Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on
the Redemption Date or at such later time as is then permitted by the rules of
the Depositary for the related Notes (if then registered as a Global Note); provided, that
the Company shall deposit with the Trustee an amount sufficient to pay the
Optional Redemption Price by 10:00 a.m., New York time, on the date such
Optional Redemption Price is to be paid.

 

Section
3.02.  No Other
Redemption.  Except as set
forth in Section 3.01, the Notes shall not be redeemable by the Company prior
to the Maturity Date.  The provisions of
this Article 3 shall supersede any conflicting provisions contained in Article
3 of the Base Indenture.

 

11

 

ARTICLE
4

FORMS OF NOTES

 

Section
4.01.  Forms of
Notes.

 

(a)           The
2007 Notes and the Trustee’s Certificate of Authentication to be endorsed
thereon are to be substantially in the forms attached as Exhibit A hereto, with
such changes therein as the officers of the Company executing the 2007 Notes
(by manual or facsimile signature) may approve, such approval to be conclusively
evidenced by their execution thereof.

 

(b)           The 2009 Notes and the Trustee’s
Certificate of Authentication to be endorsed thereon are to be substantially in
the forms attached as Exhibit B hereto, with such changes therein as the
officers of the Company executing the 2009 Notes (by manual or facsimile
signature) may approve, such approval to be conclusively evidenced by their
execution thereof.

 

(c)           The 2014 Notes and the Trustee’s
Certificate of Authentication to be endorsed thereon are to be substantially in
the forms attached as Exhibit C hereto, with such changes therein as the
officers of the Company executing the 2014 Notes (by manual or facsimile
signature) may approve, such approval to be conclusively evidenced by their
execution thereof.

 

(d)           The
2034 Notes and the Trustee’s Certificate of Authentication to be endorsed
thereon are to be substantially in the forms attached as Exhibit D hereto, with
such changes therein as the officers of the Company executing the 2034 Notes
(by manual or facsimile signature) may approve, such approval to be
conclusively evidenced by their execution thereof.

 

ARTICLE
5

ORIGINAL ISSUE OF NOTES

 

Section
5.01.  Original
Issue of Notes.  2007 Notes
having an aggregate principal amount of U.S. $500,000,000, 2009 Notes having an
aggregate principal amount of U.S. $500,000,000, 2014 Notes having an aggregate
principal amount of U.S. $600,000,000 and 2034 Notes having an aggregate
principal amount of U.S. $300,000,000 (in each case, subject to the last
paragraph of Section 2.02 of the Base Indenture) may from time to time, upon
execution of this Supplemental Indenture No. 1, be executed by the Company and
delivered to the Trustee for authentication, and the Trustee shall thereupon
authenticate and deliver said Notes to or upon the written order of the Company
pursuant to Section 2.03 of the Base Indenture without any further action by
the Company (other than as required by the Base Indenture).

 

12

 

ARTICLE
6

SUPPLEMENTAL INDENTURES

 

Section
6.01. 
Supplemental Indentures with Consent of holders of Notes. As
set forth in Section 10.02 of the Base Indenture, with the consent of the
holders of a majority in the aggregate principal amount of Notes of each series
affected by such supplemental indenture at the time outstanding, the Company
and the Trustee may from time to time and at any time enter into an indenture
or indentures supplemental to the Base Indenture for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions of
the Base Indenture or this Supplemental Indenture No. 1 or of modifying in any
manner the rights of the holders of the Notes; provided, however
that, in addition to clauses (i) through (viii) of Section 10.02 of the Base
Indenture, no such supplemental indenture shall modify the interest rate reset
provision of the 2007 Notes set forth in Section 2.05 hereof, without the
consent of the holder of each 2007 Note affected.

 

ARTICLE
7

MISCELLANEOUS

 

Section
7.01.  Ratification
of Indenture. The Base Indenture, as supplemented by this
Supplemental Indenture No. 1, is in all respects ratified and confirmed, and
this Supplemental Indenture No. 1 shall be deemed part of the Base Indenture in
the manner and to the extent herein and therein provided.

 

Section
7.02.  Trustee Not
Responsible for Recitals.  The
recitals herein contained 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 No. 1.

 

Section
7.03.  New York
Law To Govern.  THIS
SUPPLEMENTAL INDENTURE NO. 1 AND EACH NOTE SHALL BE DEEMED TO BE A CONTRACT
MADE UNDER THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF SAID STATE.

 

Section
7.04. 
Separability.  In case
any one or more of the provisions contained in this Supplemental Indenture No.
1 or in the Notes shall for any reason be held to be invalid, illegal or
unenforceable in any respect, then, to the extent permitted by law, such
invalidity, illegality or unenforceability shall not affect any other
provisions of this Supplemental Indenture No. 1 or of the Notes, but this
Supplemental Indenture No. 1 and the Notes shall be construed as if such

 

13

 

invalid or illegal or
unenforceable provision had never been contained herein or therein.

 

Section
7.05. 
Counterparts.  This
Supplemental Indenture No. 1 may be executed in any number of counterparts each
of which shall be an original, but such counterparts shall together constitute
but one and the same instrument.

 

14

 

IN WITNESS WHEREOF, the parties hereto have
caused this Supplemental Indenture No. 1 to be duly executed, as of the day and
year first written above.

 

	
   

  	
  GENWORTH
  FINANCIAL, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
  [CORPORATE
  SEAL]

  	
   

  
	
   

  	
   

  
	
  Attest:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
  JPMORGAN
  CHASE BANK, as Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
  [CORPORATE
  SEAL]

  	
   

  
	
   

  	
   

  
	
  Attest:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  

 

 

EXHIBIT A

 

[IF THIS NOTE
IS TO BE A GLOBAL SECURITY, INSERT:]

THIS NOTE IS A
GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND
IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY OR A NOMINEE OF THE
DEPOSITORY TRUST COMPANY. THIS NOTE IS EXCHANGEABLE FOR SECURITIES REGISTERED
IN THE NAME OF A PERSON OTHER THAN THE DEPOSITORY TRUST COMPANY OR ITS NOMINEE ONLY
IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND MAY NOT BE
TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TRUST COMPANY TO A NOMINEE OF
THE DEPOSITORY TRUST COMPANY OR BY A NOMINEE OF THE DEPOSITORY TRUST COMPANY TO
THE DEPOSITORY TRUST COMPANY OR ANOTHER NOMINEE OF THE DEPOSITORY TRUST
COMPANY.

 

UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER 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 DTC (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.

 

GENWORTH
FINANCIAL, INC.

 

LIBOR Floating Rate Note due [•], 2007

 

	
   

  	
   

  	
   

  	
  CUSIP: 
                

  
	
   

  	
   

  	
   

  
	
  No.
          

  	
   

  	
   

  	
  $        

  
					

 

GENWORTH FINANCIAL, INC., a corporation
organized and existing under the laws of Delaware (hereinafter called the “Company”,
which term includes any successor corporation under the Indenture hereinafter
referred to),

 

A-1

 

for value received, hereby promises to pay to
                          ,
or registered assigns, [the principal sum of $                           ](1)
on [•],
2007 (such date is hereinafter referred to as the “Maturity Date”), and to pay
interest thereon from June [•],
2004 or from the most recent Interest Payment Date to which interest has been
paid or duly provided for, quarterly in arrears on [•], [•], [•] and [•] of each year (each, an “Interest
Payment Date”), commencing [•], 2004. The interest rate on the Notes of this series
shall be reset quarterly on [•],[•],[•] and [•] of each year, commencing [•], 2004 (each, an “Interest
Reset Date”). The interest rate for the period from and including
the original issue date hereof to, but excluding, the initial Interest Reset
Date (the “Initial Interest Reset Period”) will be three-month LIBOR (as
computed below), determined as of two Business Days prior to the original issue
date, plus [•]%.  Thereafter, the Notes of this series will
bear interest at an annual rate equal to three-month LIBOR (as computed below)
for the period from and including an Interest Reset Date to, but excluding, the
immediately succeeding Interest Reset Date (each an “Interest Reset Period”), plus
[•]% per year.  The final Interest Reset Period for the
Notes of this series will be the period from and including the Interest Reset
Date immediately preceding the Maturity Date of the Notes of this series to, but
excluding, the Maturity Date. If any Interest Reset Date for the Notes of this
series would not be a Business Day, the Interest Reset Date will be postponed
to the next succeeding day that is a Business Day, except that if that Business
Day is in the next succeeding calendar month, the Interest Reset Date shall be
the next preceding Business Day.  The
term “Business Day” means any calendar day that is not a Saturday, Sunday or
legal holiday in New York, New York and on which commercial banks are open for
business in New York, New York and that is also a calendar day on which
dealings in U.S. Dollars are transacted in the London interbank market.  The
amount of interest payable for any full or partial Interest Period for which
interest is computed will be computed on the basis of the actual number of days
elapsed divided by 360. The interest so payable, and punctually paid or
duly provided for, on any Interest Payment Date will, as provided in such
Indenture, be paid to the
Person in whose name the relevant Notes, or any predecessor Notes, are registered at the close of
business on the Record Date for such Interest Payment Date; provided
that interest due on the Maturity Date will be paid to the Person to whom
principal of such Note is payable.  In
the event that any Interest Payment Date (other than the Maturity Date) falls
on a day that is not a Business Day, such Interest Payment Date will be
postponed to the next succeeding day which is a Business Day, except that if
such Interest Payment Date is in the next succeeding calendar month, such
Interest Payment Date will be the next preceding Business Day.

 

(1)  USE FOLLOWING LANGUAGE INSTEAD
for GLOBAL NOTES: [the principal sum as set forth in the Schedule of Increases
or Decreases In Note attached hereto]

 

A-2

 

The interest rate in effect on each day will be (i) if that day is an
Interest Reset Date, the interest rate determined as of the second Business Day
immediately preceding (a) the original issue date, in the case of the Initial
Interest Reset Period, or thereafter (b) the applicable Interest Reset Date (“Interest
Determination Date”) immediately preceding such Interest Reset Date
or (ii) if that day is not an Interest Reset Date, the interest rate determined
as of the Interest Determination Date immediately preceding the most recent
Interest Reset Date or the original issue date, as the case may be.

 

The interest rate applicable to each Interest Reset Period commencing
on the related Interest Reset Date, or the original issue date in the case of
the Initial Interest Reset Period, will be the rate determined as of the
applicable Interest Determination Date.

 

JPMorgan Chase Bank, or its successor appointed by the Company, will
act as calculation agent (the “Calculation Agent”).  Three-month LIBOR will be determined by the
Calculation Agent as of the applicable Interest Determination Date in
accordance with the following provisions:

 

(i)            LIBOR
will be determined on the basis of the offered rates for deposits in U.S.
dollars having a three-month maturity, commencing on the original issue date
hereof or related Interest Reset Date, as applicable, immediately following
such Interest Determination Date, which appears on Moneyline Telerate Page 3750
as of approximately 11:00 a.m., London time, on such Interest Determination
Date.  “Moneyline
Telerate Page 3750” means the display designated on page “3750” on
Moneyline Telerate (or such other page as may replace the 3750 page on that
service, any successor service or such other service or services as may be
nominated by the British Bankers’ Association for the purpose of displaying
London interbank offered rates for U.S. dollar deposits).  If no rate appears on Moneyline
Telerate Page 3750, LIBOR for such Interest Determination Date will be
determined in accordance with the provisions of paragraph (ii) below; and

 

(ii)           with
respect to an Interest Determination Date on which no rate appears on Moneyline
Telerate Page 3750 as of approximately 11:00 a.m., London time, on such
Interest Determination Date, the Calculation Agent shall request the principal
London offices of each of four major reference banks (which may include
affiliates of the underwriters of the Notes of this series) in the London
interbank market selected by the Calculation Agent (after consultation with the
Company) to provide the Calculation Agent with a quotation of the rate at which
deposits of U.S.

 

A-3

 

dollars having
a three-month maturity, commencing on the original issue date hereof or related
Interest Reset Date, as applicable, immediately following such Interest
Determination Date, are offered by it to prime banks in the London interbank
market as of approximately 11:00 a.m., London time, on such Interest
Determination Date in a principal amount equal to an amount of not less than
U.S. $1,000,000 that is representative for a single transaction in such market
at such time.  If at least two such
quotations are provided, LIBOR for such Interest Determination Date will be the
arithmetic mean of such quotations as calculated by the Calculation Agent.  If fewer than two quotations are provided,
LIBOR for such Interest Determination Date will be the arithmetic mean of the
rates quoted as of approximately 11:00 a.m., New York City time, on such
Interest Determination Date by three major banks (which may include affiliates
of the underwriters of the Notes of this series) selected by the Calculation
Agent (after consultation with the Company) for loans in U.S. dollars to
leading European banks having a three-month maturity commencing on the original
issue date hereof or related Interest Reset Date, as applicable, immediately
following such Interest Determination Date and in a principal amount equal to
an amount of not less than U.S. $1,000,000 that is representative for a single
transaction in such market at such time; provided, however, that if the banks
selected as aforesaid by the Calculation Agent are not quoting such rates as
mentioned in this sentence, LIBOR for such Interest Determination Date will be
LIBOR determined with respect to the immediately preceding Interest
Determination Date.

 

All percentages resulting from any calculation of any interest rate for
the Notes of this series will be rounded, if necessary, to the nearest one
hundred thousandth of a percentage point, with five one-millionths of a
percentage point rounded upward and all dollar amounts will be rounded to the
nearest cent, with one-half cent being rounded upward.

 

Promptly upon such determination, the Calculation Agent will notify the
Company and the Trustee (if the Calculation Agent is not the Trustee) of the
interest rate for the new Interest Reset Period.  Upon request of a holder of the Notes of this series, the
Calculation Agent will provide to such holder the interest rate in effect on
the date of such request and, if determined, the interest rate for the next
Interest Reset Period.

 

All calculations made by the Calculation Agent for the purposes of
calculating interest on the Notes of this series shall be conclusive and
binding on the holders, the Trustee and the Company, absent manifest error.

 

A-4

 

Payment of the principal of and interest on
this Note will be made at the office or agency of the Company maintained for
that purpose in The City of New York, which shall initially be the Principal
Office of the Trust Office of the Trustee, 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 payment of
interest may be made at the option of the Company by check mailed to the Person
entitled thereto at such address as shall appear in the Security register or by
wire transfer to an account appropriately designated by the holder entitled to
payment; provided,
that the paying agent shall have received written notice of such account
designation at least five Business Days prior to the date of such payment
(subject to surrender of the relevant Note in the case of a payment of interest
on the Maturity Date).

 

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 signature, this Note
shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose.

 

A-5

 

IN WITNESS WHEREOF, the Company has caused
this instrument to be duly executed under its corporate seal.

 

	
  Dated:

  	
   

  
	
   

  	
   

  
	
   

  	
  GENWORTH
  FINANCIAL, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

 

This is one of
the Securities of the series designated therein described in the
within-mentioned Indenture.

 

	
  Dated: 

  	
   

  	
   

  	
   

  
	
   

  	
   

  
	
  JPMORGAN
  CHASE BANK,

  	
   

  
	
  as Trustee

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
  Authorized
  Officer

  	
   

  	
   

  
					

 

 

REVERSE OF NOTE

 

This Note is one of a duly authorized issue of securities of the
Company (herein called the “Notes”), issued and to be issued in one or
more series under an Indenture (the “Base Indenture”), dated as of June [•], 2004, between the
Company and JPMorgan Chase Bank, as Trustee (herein called the “Trustee”,
which term includes any successor trustee), as amended and supplemented by
Supplemental Indenture No. 1, dated as of June [•], 2004, between the Company and the
Trustee (the “Supplemental Indenture No. 1” and together with the Base
Indenture, the “Indenture”), to which Indenture reference is hereby made for a
statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee and the holders of the Notes
and of the terms upon which the Notes are, and are to be, authenticated and
delivered.  This Note is one of the
series designated on the face hereof, initially limited in aggregate principal
amount to $500,000,000.

 

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

 

The Notes are not entitled to the benefit of any sinking fund.

 

The Indenture contains provisions for defeasance of the obligations of
the Company at any time upon compliance by the Company with certain conditions
set forth therein, which provisions apply to the Notes of this series.

 

If an Event of Default with respect to Notes of this series shall occur
and be continuing, the principal of the Notes of this series may be declared
due and payable in the manner and with the effect provided in the Indenture.

 

The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the holders of the Notes at any time by the Company
and the Trustee with the consent of the holders of a majority in principal
amount of the Notes of each series (each series voting as a class) affected
thereby and at the time Outstanding. The Indenture also contains provisions
permitting the holders of specified percentages in principal amount of the
Notes of a series at the time Outstanding, on behalf of the holders of all
Notes of such series, to waive 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.

 

A-R-1

 

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 in any place where the principal of and interest on this
Note are payable, 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 this series, of authorized denominations and
for the same aggregate principal amount, will be issued to the designated
transferee or transferees.

 

The Notes of this series are issuable only in registered form without
coupons in denominations of $1,000 and any integral multiple thereof, except as
provided for in Section 2.04 of Supplemental Indenture No. 1. As provided in
the Indenture and subject to certain limitations therein set forth, Notes of
this series are exchangeable for a like aggregate principal amount of Notes of
this series of a different authorized denomination, as requested by the holder
surrendering the same.

 

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.

 

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

 

THIS NOTE SHALL BE DEEMED TO BE A CONTRACT
MADE UNDER THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF SAID STATE.

 

A-R-2

 

ASSIGNMENT

 

FOR VALUE RECEIVED, the undersigned assigns and transfers this Note to:

 

 

 

(Insert assignee’s social security or tax identification number)

 

 

 

 

(Insert address and zip code of assignee)

 

and irrevocably appoints

 

 

 

 

agent to transfer this Note on the books of the Company. The agent may
substitute another to act for him or her.

 

	
  Date: 

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Signature:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Signature Guarantee:

  	
   

  	
   

  
	
   

  	
   

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

  
							

 

 

SIGNATURE GUARANTEE

 

Signatures must be
guaranteed by an “eligible guarantor institution” meeting the requirements of
the Security registrar, which requirements include membership or participation
in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be
determined by the Security registrar in addition to, or in substitution for,
STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.

 

 

SCHEDULE OF INCREASES OR DECREASES IN NOTE

 

The initial principal amount of
this Note is $500,000,000.  The
following increases or decreases in the principal amount of this Note have been
made:

 

	
  Date

  	
   

  	
  Amount of

  decrease in

  principal

  amount of this

  Note

  	
   

  	
  Amount of

  increase in

  principal

  amount of this

  Note

  	
   

  	
  Principal

  amount of this

  Note following

  such decrease or

  increase

  	
   

  	
  Signature
  of

  authorized

  officer of

  Trustee

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

 

EXHIBIT B

 

[IF THIS NOTE IS TO BE A GLOBAL
SECURITY, INSERT:]

THIS NOTE IS A GLOBAL SECURITY
WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED
IN THE NAME OF THE DEPOSITORY TRUST COMPANY OR A NOMINEE OF THE DEPOSITORY
TRUST COMPANY. THIS NOTE IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME
OF A PERSON OTHER THAN THE DEPOSITORY TRUST COMPANY OR ITS NOMINEE ONLY IN THE
LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND MAY NOT BE TRANSFERRED
EXCEPT AS A WHOLE BY THE DEPOSITORY TRUST COMPANY TO A NOMINEE OF THE DEPOSITORY
TRUST COMPANY OR BY A NOMINEE OF THE DEPOSITORY TRUST COMPANY TO THE DEPOSITORY
TRUST COMPANY OR ANOTHER NOMINEE OF THE DEPOSITORY TRUST COMPANY.

 

UNLESS THIS CERTIFICATE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A
NEW YORK CORPORATION (“DTC”), TO THE ISSUER 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 DTC (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.

 

GENWORTH
FINANCIAL, INC.

 

[•]%
Note due [•], 2009

 

	
   

  	
   

  	
   

  	
  CUSIP: 
                

  
	
   

  	
   

  	
   

  
	
  No.
          

  	
   

  	
   

  	
  $        

  
					

 

GENWORTH FINANCIAL, INC., a corporation
organized and existing under the laws of Delaware (hereinafter called the “Company”,
which term includes any successor corporation under the Indenture hereinafter
referred to),

 

B-1

 

for value received, hereby
promises to pay to
                            ,
or registered assigns, [the principal sum of $
                            ](2)
on [•],
2009 (such date is hereinafter referred to as the “Maturity Date”), and to pay
interest thereon from June [•],
2004 or from the most recent Interest Payment Date to which interest has been
paid or duly provided for, semi-annually in arrears on [•] and [•] of each year (each, an “Interest
Payment Date”), commencing [•], 2004 at the rate of [•]% per annum, on the basis of a 360-day
year consisting of twelve 30-day months, until the principal hereof is paid or
duly provided for or made available for payment.  The amount of
interest payable for any period shorter than a full semi-annual Interest Period
for which interest is computed will be computed on the basis of a 30-day month
and, for any period less than a month, on the basis of the actual number of
days elapsed per 30-day month.  The
interest so payable, and punctually paid or duly provided for, on any Interest
Payment Date will, as provided in such Indenture, be paid to the person in whose name the
relevant Notes, or any predecessor Notes, are registered at the close of business on the Record Date for
such Interest Payment Date; provided that the interest due on the
Maturity Date or a Redemption Date (in each case, whether or not an Interest
Payment Date) of a Note of this series will be paid to the Person to whom
principal of such Note is payable.

 

Payment of the principal of and interest on
this Note will be made at the office or agency of the Company maintained for
that purpose in The City of New York, which shall initially be the Principal
Office of the Trust Office of the Trustee, 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 payment of
interest may be made at the option of the Company by check mailed to the Person
entitled thereto at such address as shall appear in the Security register or by
wire transfer to an account appropriately designated by the Person entitled to payment provided,
that the paying agent shall have received written notice of such account
designation at least five Business Days prior to the date of such payment
(subject to surrender of the relevant Note in the case of a payment of interest
on a Redemption Date or on the Maturity Date).

 

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 signature, this Note shall not

 

(2)  USE FOLLOWING LANGUAGE INSTEAD
for GLOBAL NOTES: [the principal sum as set forth in the Schedule of Increases
or Decreases In Note attached hereto]

 

B-2

 

be entitled to any benefit
under the Indenture or be valid or obligatory for any purpose.

 

B-3

 

IN WITNESS WHEREOF, the Company has caused
this instrument to be duly executed under its corporate seal.

 

 

	
  Dated:

  	
   

  
	
   

  	
   

  
	
   

  	
  GENWORTH
  FINANCIAL, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

 

This is one of
the Securities of the series designated therein described in the
within-mentioned Indenture.

 

	
  Dated: 

  	
   

  	
   

  	
   

  
	
   

  	
   

  
	
  JPMORGAN
  CHASE BANK,

  	
   

  
	
  as Trustee

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
  Authorized
  Officer

  	
   

  	
   

  
					

 

 

REVERSE OF NOTE

 

This Note is one of a duly authorized issue of securities of the
Company (herein called the “Notes”), issued and to be issued in one or
more series under an Indenture (the “Base Indenture”), dated as of June [•], 2004, between the
Company and JPMorgan Chase Bank, as Trustee (herein called the “Trustee”,
which term includes any successor trustee), as amended and supplemented by
Supplemental Indenture No. 1, dated as of June [•], 2004, between the Company and the
Trustee (the “Supplemental Indenture No. 1” and together with the Base
Indenture, the “Indenture”), to which Indenture reference is hereby made for a
statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee and the holders of the Notes
and of the terms upon which the Notes are, and are to be, authenticated and
delivered.  This Note is one of the
series designated on the face hereof, initially limited in aggregate principal
amount to $500,000,000.

 

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

 

The Company shall have the right to redeem this Note at the option of
the Company, without premium or penalty, in whole or in part (an “Optional Redemption”), at a redemption
price (the “Optional Redemption Price”)
equal to the greater of:

 

(i)            100% of the principal amount plus
accrued and unpaid interest to the Redemption Date; or

 

(ii)           the sum of the present values of the
remaining scheduled payments of principal and interest (exclusive of interest
accrued to the Redemption Date) discounted to the Redemption Date on a
semi-annual basis (assuming a 360-day year consisting of twelve 30-day months)
at the Treasury Rate plus [•] basis points plus accrued interest on
the principal amount being redeemed to the Redemption Date.

 

The Company will mail notice of such
redemption to the registered holders of the Notes of this series to be redeemed
not less than 30 nor more than 60 days’ prior to the Redemption Date.  If Notes of this series are only partially
redeemed pursuant to the preceding paragraph, the Notes of this series to be
redeemed will be selected by the Trustee in such manner as in its sole
discretion it shall deem appropriate and fair; provided,
that if at the time of redemption the Notes of this series to be redeemed are
registered as a Global Note, the Depositary shall determine, in accordance with
its procedures, the principal amount of the Notes of this series to be redeemed
held by each of its participants that holds a

 

B-R-1

 

position in such Notes. The
Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on
the Redemption Date or at such later time as is then permitted by the rules of
the Depositary for the related Notes (if then registered as a Global Note) provided
that the Company shall deposit with the Trustee an amount sufficient to pay the
Optional Redemption Price by 10:00 a.m., New York time, on the date such
Optional Redemption Price is to be paid.

 

In the event
of redemption of this Note in part only, a new Note or Notes of this series for
the unredeemed portion hereof shall be issued in the name of the Holder hereof
upon the cancellation hereof. Except as set forth in the preceding paragraphs
and in Article 3 of the Supplemental Indenture No. 1, the Company may not
redeem the Notes of this series at its option prior to the Maturity Date.

 

The Notes are not entitled to the benefit of any sinking fund.

 

The Indenture contains provisions for defeasance of the obligations of
the Company at any time upon compliance by the Company with certain conditions
set forth therein, which provisions apply to the Notes of this series.

 

If an Event of Default with respect to Notes of this series shall occur
and be continuing, the principal of the Notes of this series may be declared
due and payable in the manner and with the effect provided in the Indenture.

 

The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the holders of the Notes at any time by the Company
and the Trustee with the consent of the holders of a majority in principal
amount of the Notes of each series (each series voting as a class) affected
thereby and at the time Outstanding. The Indenture also contains provisions
permitting the holders of specified percentages in principal amount of the
Notes of a series at the time Outstanding, on behalf of the holders of all
Notes of such series, to waive 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 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 in any place where the
principal of and interest on this Note are payable, 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

 

B-R-2

 

holder hereof or his attorney
duly authorized in writing, and thereupon one or more new Notes of this series,
of authorized denominations and for the same aggregate principal amount, will
be issued to the designated transferee or transferees.

 

The Notes of this series are issuable only in
registered form without coupons in denominations of $1,000 and any integral
multiple thereof, except as provided for in Section 2.04 of Supplemental
Indenture No. 1. As provided in the Indenture and subject to certain
limitations therein set forth, Notes of this series are exchangeable for a like
aggregate principal amount of Notes of this series of a different authorized
denomination, as requested by the holder surrendering the same.

 

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.

 

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

 

THIS NOTE SHALL BE DEEMED TO BE A CONTRACT
MADE UNDER THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF SAID STATE.

 

B-R-3

 

ASSIGNMENT

 

FOR VALUE RECEIVED, the undersigned assigns and transfers this Note to:

 

 

 

(Insert assignee’s social security or tax identification number)

 

 

 

 

(Insert address and zip code of assignee)

 

and irrevocably appoints

 

 

 

 

agent to transfer this Note on the books of the Company. The agent may
substitute another to act for him or her.

 

	
  Date: 

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Signature:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Signature Guarantee:

  	
   

  	
   

  
	
   

  	
   

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

  
							

 

 

SIGNATURE GUARANTEE

 

Signatures must be
guaranteed by an “eligible guarantor institution” meeting the requirements of
the Security registrar, which requirements include membership or participation
in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be
determined by the Security registrar in addition to, or in substitution for,
STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.

 

 

SCHEDULE OF INCREASES OR DECREASES IN NOTE

 

The initial principal amount of
this Note is $500,000,000.  The
following increases or decreases in the principal amount of this Note have been
made:

 

	
  Date

  	
   

  	
  Amount of

  decrease in

  principal

  amount of this

  Note

  	
   

  	
  Amount of

  increase in

  principal

  amount of this

  Note

  	
   

  	
  Principal

  amount of this

  Note following

  such decrease or

  increase

  	
   

  	
  Signature
  of

  authorized

  officer of

  Trustee

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

 

EXHIBIT C

 

[IF THIS NOTE IS TO BE A GLOBAL
SECURITY, INSERT:]

THIS NOTE IS A GLOBAL SECURITY
WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED
IN THE NAME OF THE DEPOSITORY TRUST COMPANY OR A NOMINEE OF THE DEPOSITORY
TRUST COMPANY. THIS NOTE IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME
OF A PERSON OTHER THAN THE DEPOSITORY TRUST COMPANY OR ITS NOMINEE ONLY IN THE
LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND MAY NOT BE TRANSFERRED
EXCEPT AS A WHOLE BY THE DEPOSITORY TRUST COMPANY TO A NOMINEE OF THE
DEPOSITORY TRUST COMPANY OR BY A NOMINEE OF THE DEPOSITORY TRUST COMPANY TO THE
DEPOSITORY TRUST COMPANY OR ANOTHER NOMINEE OF THE DEPOSITORY TRUST COMPANY.

 

UNLESS THIS CERTIFICATE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A
NEW YORK CORPORATION (“DTC”), TO THE ISSUER 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 DTC (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.

 

GENWORTH
FINANCIAL, INC.

 

[•]%
Note due [•], 2014

 

	
   

  	
   

  	
   

  	
  CUSIP: 
                

  
	
   

  	
   

  	
   

  
	
  No.
          

  	
   

  	
   

  	
  $        

  
					

 

GENWORTH FINANCIAL, INC., a corporation
organized and existing under the laws of Delaware (hereinafter called the “Company”,
which term includes any successor corporation under the Indenture hereinafter
referred to),

 

C-1

 

for value received, hereby
promises to pay to
                           ,
or registered assigns, [the principal sum of $
                           ](3)
on [•],
2014 (such date is hereinafter referred to as the “Maturity Date”), and to pay
interest thereon from June [•],
2004 or from the most recent Interest Payment Date to which interest has been
paid or duly provided for, semi-annually in arrears on [•] and [•] of each year (each, an “Interest
Payment Date”), commencing [•], 2004 at the rate of [•]% per annum, on the basis of a 360-day
year consisting of twelve 30-day months, until the principal hereof is paid or
duly provided for or made available for payment.  The amount of
interest payable for any period shorter than a full semi-annual Interest Period
for which interest is computed will be computed on the basis of a 30-day month
and, for any period less than a month, on the basis of the actual number of
days elapsed per 30-day month.  The
interest so payable, and punctually paid or duly provided for, on any Interest
Payment Date will, as provided in such Indenture, be paid to the person in whose name the
relevant Notes, or any predecessor Notes, are registered at the close of business on the Record Date for
such Interest Payment Date; provided that the interest due on the
Maturity Date or a Redemption Date (in each case, whether or not an Interest
Payment Date) of a Note of this series will be paid to the Person to whom
principal of such Note is payable.

 

Payment of the principal of and interest on
this Note will be made at the office or agency of the Company maintained for
that purpose in The City of New York, which shall initially be the Principal
Office of the Trust Office of the Trustee, 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 payment of interest
may be made at the option of the Company by check mailed to the Person entitled
thereto at such address as shall appear in the Security register or by wire
transfer to an account appropriately designated by the Person entitled to
payment
provided, that the paying agent shall have received written notice
of such account designation at least five Business Days prior to the date of
such payment (subject to surrender of the relevant Note in the case of a
payment of interest on a Redemption Date or on the Maturity Date).

 

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 signature, this Note shall not

 

(3)  USE FOLLOWING LANGUAGE INSTEAD
for GLOBAL NOTES: [the principal sum as set forth in the Schedule of Increases
or Decreases In Note attached hereto]

 

C-2

 

 

be entitled to any benefit
under the Indenture or be valid or obligatory for any purpose.

 

C-3

 

IN WITNESS WHEREOF, the Company has caused
this instrument to be duly executed under its corporate seal.

 

 

	
  Dated:

  	
   

  
	
   

  	
   

  
	
   

  	
  GENWORTH
  FINANCIAL, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

 

This is one of the Securities
of the series designated therein described in the within-mentioned Indenture.

 

 

	
  Dated: 

  	
   

  	
   

  	
   

  
	
   

  	
   

  
	
  JPMORGAN
  CHASE BANK,

  	
   

  
	
  as Trustee

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
  Authorized
  Officer

  	
   

  	
   

  
					

 

 

REVERSE OF NOTE

 

This Note is one of a duly authorized issue of securities of the
Company (herein called the “Notes”), issued and to be issued in one or
more series under an Indenture (the “Base Indenture”), dated as of June [•], 2004, between the
Company and JPMorgan Chase Bank, as Trustee (herein called the “Trustee”,
which term includes any successor trustee), as amended and supplemented by
Supplemental Indenture No. 1, dated as of June [•], 2004, between the Company and the
Trustee (the “Supplemental Indenture No. 1” and together with the Base
Indenture, the “Indenture”), to which Indenture reference is hereby made for a
statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee and the holders of the Notes
and of the terms upon which the Notes are, and are to be, authenticated and delivered.  This Note is one of the series designated on
the face hereof, initially limited in aggregate principal amount to
$600,000,000.

 

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

 

 The Company shall have the
right to redeem this Note at the option of the Company, without premium or
penalty, in whole or in part (an “Optional
Redemption”), at a redemption price (the “Optional Redemption Price”) equal to the greater of:

 

(i)            100% of the principal amount plus
accrued and unpaid interest to the Redemption Date; or

 

(ii)           the sum of the present values of the
remaining scheduled payments of principal and interest (exclusive of interest
accrued to the Redemption Date) discounted to the Redemption Date on a
semi-annual basis (assuming a 360-day year consisting of twelve 30-day months)
at the Treasury Rate plus [•] basis points plus accrued interest on
the principal amount being redeemed to the Redemption Date.

 

The Company will mail notice of such
redemption to the registered holders of the Notes of this series to be redeemed
not less than 30 nor more than 60 days’ prior to the Redemption Date.  If Notes of this series are only partially
redeemed pursuant to the preceding paragraph, the Notes of this series to be
redeemed will be selected by the Trustee in such manner as in its sole
discretion it shall deem appropriate and fair; provided,
that if at the time of redemption the Notes of this series to be redeemed are
registered as a Global Note, the Depositary shall determine, in accordance with
its procedures, the principal amount of the Notes of this series to be redeemed
held by each of its participants that holds a

 

C-R-1

 

position in such Notes.  The Optional Redemption Price shall be paid
prior to 12:00 noon, New York time, on the Redemption Date or at such later
time as is then permitted by the rules of the Depositary for the related Notes
(if then registered as a Global Note) provided that the Company shall deposit
with the Trustee an amount sufficient to pay the Optional Redemption Price by
10:00 a.m., New York time, on the date such Optional Redemption Price is to be
paid.

 

In the event
of redemption of this Note in part only, a new Note or Notes of this series for
the unredeemed portion hereof shall be issued in the name of the Holder hereof
upon the cancellation hereof. Except as set forth in the preceding paragraphs
and in Article 3 of the Supplemental Indenture No. 1, the Company may not
redeem the Notes of this series at its option prior to the Maturity Date.

 

The Notes are not entitled to the benefit of any sinking fund.

 

The Indenture contains provisions for defeasance of the obligations of
the Company at any time upon compliance by the Company with certain conditions
set forth therein, which provisions apply to the Notes of this series.

 

If an Event of Default with respect to Notes of this series shall occur
and be continuing, the principal of the Notes of this series may be declared due
and payable in the manner and with the effect provided in the Indenture.

 

The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the holders of the Notes at any time by the Company
and the Trustee with the consent of the holders of a majority in principal
amount of the Notes of each series (each series voting as a class) affected
thereby and at the time Outstanding. The Indenture also contains provisions
permitting the holders of specified percentages in principal amount of the
Notes of a series at the time Outstanding, on behalf of the holders of all
Notes of such series, to waive 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 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 in any place where the principal of and interest on this
Note are payable, 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

 

C-R-2

 

holder hereof or his attorney
duly authorized in writing, and thereupon one or more new Notes of this series,
of authorized denominations and for the same aggregate principal amount, will
be issued to the designated transferee or transferees.

 

The Notes of this series are issuable only in registered form without
coupons in denominations of $1,000 and any integral multiple thereof, except as
provided for in Section 2.04 of Supplemental Indenture No. 1. As provided in
the Indenture and subject to certain limitations therein set forth, Notes of
this series are exchangeable for a like aggregate principal amount of Notes of
this series of a different authorized denomination, as requested by the holder
surrendering the same.

 

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.

 

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

 

THIS NOTE SHALL BE DEEMED TO BE A CONTRACT
MADE UNDER THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF SAID STATE.

 

C-R-3

 

ASSIGNMENT

 

FOR VALUE RECEIVED, the undersigned assigns and transfers this Note to:

 

 

 

(Insert assignee’s social security or tax identification number)

 

 

 

 

(Insert address and zip code of assignee)

 

and irrevocably appoints

 

 

 

 

agent to transfer this
Note on the books of the Company. The agent may substitute another to act for
him or her.

 

	
  Date: 

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Signature:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Signature Guarantee:

  	
   

  	
   

  
	
   

  	
   

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

  
							

 

 

SIGNATURE GUARANTEE

 

Signatures must be
guaranteed by an “eligible guarantor institution” meeting the requirements of
the Security registrar, which requirements include membership or participation
in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be
determined by the Security registrar in addition to, or in substitution for,
STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.

 

 

SCHEDULE
OF INCREASES OR DECREASES IN NOTE

 

The initial principal amount of
this Note is $600,000,000.  The
following increases or decreases in the principal amount of this Note have been
made:

 

	
  Date

  	
   

  	
  Amount of

  decrease in

  principal

  amount of this

  Note

  	
   

  	
  Amount of

  increase in

  principal

  amount of this

  Note

  	
   

  	
  Principal

  amount of this

  Note following

  such decrease or

  increase

  	
   

  	
  Signature
  of

  authorized

  officer of

  Trustee

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

 

EXHIBIT D

 

[IF THIS NOTE
IS TO BE A GLOBAL SECURITY, INSERT:]

THIS NOTE IS A
GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND
IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY OR A NOMINEE OF THE
DEPOSITORY TRUST COMPANY. THIS NOTE IS EXCHANGEABLE FOR SECURITIES REGISTERED
IN THE NAME OF A PERSON OTHER THAN THE DEPOSITORY TRUST COMPANY OR ITS NOMINEE
ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND MAY NOT BE
TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TRUST COMPANY TO A NOMINEE OF
THE DEPOSITORY TRUST COMPANY OR BY A NOMINEE OF THE DEPOSITORY TRUST COMPANY TO
THE DEPOSITORY TRUST COMPANY OR ANOTHER NOMINEE OF THE DEPOSITORY TRUST
COMPANY.

 

UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER 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 DTC (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.

 

GENWORTH
FINANCIAL, INC.

 

[•]%
Note due [•], 2034

 

	
   

  	
   

  	
   

  	
  CUSIP: 
                

  
	
   

  	
   

  	
   

  
	
  No.
          

  	
   

  	
   

  	
  $        

  
					

 

GENWORTH FINANCIAL, INC., a corporation organized and existing under
the laws of Delaware (hereinafter called the “Company”, which term includes
any successor corporation under the Indenture hereinafter referred to),

 

D-1

 

for value received, hereby
promises to pay to
                    ,
or registered assigns, [the principal sum of $
                        ](4)
on [•],
2034 (such date is hereinafter referred to as the “Maturity Date”), and to pay
interest thereon from June [•],
2004 or from the most recent Interest Payment Date to which interest has been
paid or duly provided for, semi-annually in arrears on [•] and [•] of each year (each, an “Interest
Payment Date”), commencing [•], 2004 at the rate of [•]% per annum, on the basis of a 360-day
year consisting of twelve 30-day months, until the principal hereof is paid or
duly provided for or made available for payment.  The amount of
interest payable for any period shorter than a full semi-annual Interest Period
for which interest is computed will be computed on the basis of a 30-day month
and, for any period less than a month, on the basis of the actual number of
days elapsed per 30-day month.  The
interest so payable, and punctually paid or duly provided for, on any Interest
Payment Date will, as provided in such Indenture, be paid to the person in whose name the
relevant Notes, or any predecessor Notes, are registered at the close of business on the Record Date for
such Interest Payment Date; provided that the interest due on the
Maturity Date or a Redemption Date (in each case, whether or not an Interest
Payment Date) of a Note of this series will be paid to the Person to whom
principal of such Note is payable.

 

Payment of the principal of and interest on
this Note will be made at the office or agency of the Company maintained for
that purpose in The City of New York, which shall initially be the Principal
Office of the Trust Office of the Trustee, 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 payment of
interest may be made at the option of the Company by check mailed to the Person
entitled thereto at such address as shall appear in the Security register or by
wire transfer to an account appropriately designated by the Person entitled to
payment
provided, that the paying agent shall have received written notice
of such account designation at least five Business Days prior to the date of
such payment (subject to surrender of the relevant Note in the case of a
payment of interest on a Redemption Date or the Maturity Date).

 

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 signature, this Note
shall not

 

(4)  USE FOLLOWING LANGUAGE INSTEAD
for GLOBAL NOTES: [the principal sum as set forth in the Schedule of Increases
or Decreases In Note attached hereto]

 

D-2

 

be entitled to any benefit
under the Indenture or be valid or obligatory for any purpose.

 

D-3

 

IN WITNESS WHEREOF, the Company has caused
this instrument to be duly executed under its corporate seal.

 

	
  Dated:

  	
   

  
	
   

  	
   

  
	
   

  	
  GENWORTH
  FINANCIAL, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

 

This is one of
the Securities of the series designated therein described in the
within-mentioned Indenture.

 

	
  Dated: 

  	
   

  	
   

  	
   

  
	
   

  	
   

  
	
  JPMORGAN
  CHASE BANK,

  	
   

  
	
  as Trustee

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
  Authorized
  Officer

  	
   

  	
   

  
					

 

 

REVERSE OF NOTE

 

This Note is one of a duly authorized issue of securities of the
Company (herein called the “Notes”), issued and to be issued in one or
more series under an Indenture (the “Base Indenture”), dated as of June [•], 2004, between the
Company and JPMorgan Chase Bank, as Trustee (herein called the “Trustee”,
which term includes any successor trustee), as amended and supplemented by
Supplemental Indenture No. 1, dated as of June [•], 2004, between the Company and the
Trustee (the “Supplemental Indenture No. 1” and together with the Base
Indenture, the “Indenture”), to which Indenture reference is hereby made for a
statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee and the holders of the Notes
and of the terms upon which the Notes are, and are to be, authenticated and
delivered.  This Note is one of the
series designated on the face hereof, initially limited in aggregate principal
amount to $300,000,000.

 

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

 

 The Company shall have the
right to redeem this Note at the option of the Company, without premium or
penalty, in whole or in part (an “Optional
Redemption”), at a redemption price (the “Optional Redemption Price”) equal to the greater of:

 

(i)            100% of the principal amount plus
accrued and unpaid interest to the Redemption Date; or

 

(ii)           the sum of the present values of the
remaining scheduled payments of principal and interest (exclusive of interest
accrued to the Redemption Date) discounted to the Redemption Date on a semi-annual
basis (assuming a 360-day year consisting of twelve 30-day months) at the
Treasury Rate plus [•] basis points plus accrued interest on the principal
amount being redeemed to the Redemption Date.

 

The Company
will mail notice of such redemption to the registered holders of the Notes of
this series to be redeemed not less than 30 nor more than 60 days’ prior to the
Redemption Date.  If Notes of this
series are only partially redeemed pursuant to the preceding paragraph, the
Notes of this series to be redeemed will be selected by the Trustee in such
manner as in its sole discretion it shall deem appropriate and fair; provided, that if at the time of
redemption the Notes of this series to be redeemed are registered as a Global
Note, the Depositary shall determine, in accordance with its procedures, the
principal amount of the Notes of this series to be redeemed held by each of its
participants that holds a

 

D-R-1

 

position in such Notes. The
Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on
the Redemption Date or at such later time as is then permitted by the rules of
the Depositary for the related Notes (if then registered as a Global Note)
provided that the Company shall deposit with the Trustee an amount sufficient
to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date
such Optional Redemption Price is to be paid.

 

In the event
of redemption of this Note in part only, a new Note or Notes of this series for
the unredeemed portion hereof shall be issued in the name of the Holder hereof
upon the cancellation hereof. Except as set forth in the preceding paragraphs
and in Article 3 of the Supplemental Indenture No. 1, the Company may not
redeem the Notes of this series at its option prior to the Maturity Date.

 

The Notes are not entitled to the benefit of any sinking fund.

 

The Indenture contains provisions for defeasance of the obligations of
the Company at any time upon compliance by the Company with certain conditions
set forth therein, which provisions apply to the Notes of this series.

 

If an Event of Default with respect to Notes of this series shall occur
and be continuing, the principal of the Notes of this series may be declared
due and payable in the manner and with the effect provided in the Indenture.

 

The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the holders of the Notes at any time by the Company
and the Trustee with the consent of the holders of a majority in principal
amount of the Notes of each series (each series voting as a class) affected
thereby and at the time Outstanding. The Indenture also contains provisions
permitting the holders of specified percentages in principal amount of the
Notes of a series at the time Outstanding, on behalf of the holders of all
Notes of such series, to waive 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 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 in any place where the principal of and interest on this
Note are payable, 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

 

D-R-2

 

holder hereof or his attorney
duly authorized in writing, and thereupon one or more new Notes of this series,
of authorized denominations and for the same aggregate principal amount, will
be issued to the designated transferee or transferees.

 

The Notes of this series are issuable only in registered form without
coupons in denominations of $1,000 and any integral multiple thereof, except as
provided for in Section 2.04 of Supplemental Indenture No. 1. As provided in
the Indenture and subject to certain limitations therein set forth, Notes of
this series are exchangeable for a like aggregate principal amount of Notes of
this series of a different authorized denomination, as requested by the holder
surrendering the same.

 

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.

 

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

 

THIS NOTE SHALL BE DEEMED TO BE A CONTRACT
MADE UNDER THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF SAID STATE.

 

D-R-3

 

ASSIGNMENT

 

FOR VALUE RECEIVED, the
undersigned assigns and transfers this Note to:

 

 

 

(Insert assignee’s social security or tax identification number)

 

 

 

 

(Insert address and zip code of assignee)

 

and irrevocably appoints

 

 

 

 

agent to transfer this Note on the books of the Company. The agent may
substitute another to act for him or her.

 

	
  Date: 

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Signature:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Signature Guarantee:

  	
   

  	
   

  
	
   

  	
   

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

  
							

 

 

SIGNATURE GUARANTEE

 

Signatures must be
guaranteed by an “eligible guarantor institution” meeting the requirements of
the Security registrar, which requirements include membership or participation
in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be
determined by the Security registrar in addition to, or in substitution for,
STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.

 

 

SCHEDULE OF INCREASES OR DECREASES IN NOTE

 

The initial principal amount of
this Note is $300,000,000.  The
following increases or decreases in the principal amount of this Note have been
made:

 

	
  Date

  	
   

  	
  Amount of

  decrease in

  principal

  amount of this

  Note

  	
   

  	
  Amount of

  increase in

  principal

  amount of this

  Note

  	
   

  	
  Principal

  amount of this

  Note following

  such decrease or

  increase

  	
   

  	
  Signature
  of

  authorized

  officer of

  Trustee

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