Document:

EX-4.3

 Exhibit 4.3 
  

 
  

ELEVENTH SUPPLEMENTAL INDENTURE 

between 

METLIFE, INC., 

as Issuer, 
 and 

THE BANK OF NEW YORK MELLON TRUST
COMPANY, N.A., 
 as Trustee 

Dated as of August 28, 2017 
  

 
  

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE I Definitions
	  	 	1	 
	 SECTION 1.1 Definitions of Terms
	  	 	1	 
		
	 ARTICLE II Amendment to the Indenture
	  	 	2	 
		
	 ARTICLE III Miscellaneous
	  	 	3	 
	 SECTION 3.1 Effectiveness
	  	 	3	 
	 SECTION 3.2 Trustee Not Responsible for Recitals
	  	 	3	 
	 SECTION 3.3 Governing Law
	  	 	3	 
	 SECTION 3.4 Counterparts
	  	 	3	 

  
 - 2 - 

 ELEVENTH SUPPLEMENTAL INDENTURE, dated as of August 28, 2017 (this “Eleventh Supplemental
Indenture”), between MetLife, Inc., a Delaware corporation (the “Company”), and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”), supplementing the Fifth Supplemental Indenture,
dated as of April 8, 2008 (the “Fifth Supplemental Indenture”), among the Company, The Bank of New York Mellon Trust Company, N.A. (as successor in interest to The Bank of New York Trust Company, N.A.), as trustee, and Deutsche
Bank Securities Inc., as premium calculation agent, and further supplementing the Subordinated Indenture, dated as of June 21, 2005 (the “Base Indenture” and together with the Fifth Supplemental Indenture, the
“Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A. (as successor in interest to The Bank of New York Mellon Trust Company, N.A., and as successor in interest to J.P. Morgan Trust Company, National
Association), as trustee. 
 RECITALS 

WHEREAS, the Company executed and delivered the Base Indenture to the Trustee to provide for the future issuance of the Company’s
unsecured subordinated debentures, notes or other evidence of indebtedness, to be issued from time to time in one or more series as might be determined by the Company under the Base Indenture; 

WHEREAS, the Company executed and delivered the Fifth Supplemental Indenture to the Trustee to provide for the issuance of the Company’s
9.250% Fixed-to-Floating Rate Junior Subordinated Debentures due 2068 (the “2068 JSDs”); 

WHEREAS, the Company desires to include in this Eleventh Supplemental Indenture provisions to amend the Fifth Supplemental Indenture intended
to avoid potential restrictions on the Company’s ability to pay interest on the 2068 JSDs as a result of the spin-off by the Company of Brighthouse Financial, Inc.; 

WHEREAS, the Company has requested that the Trustee, in respect of the 2068 JSDs, execute and deliver this Eleventh Supplemental Indenture in
such capacity; 
 WHEREAS, the Company has obtained the requisite consents from holders of a majority in principal amount of the 2068 JSDs
to amend the Fifth Supplemental Indenture; and 
 WHEREAS, all other requirements necessary to make this Eleventh Supplemental Indenture a
valid instrument in accordance with its terms, including its execution and delivery, have been duly authorized in all respects. 
 NOW,
THEREFORE, the Company and the Trustee agree as follows: 
 ARTICLE I 

DEFINITIONS 

SECTION 1.1 Definitions of Terms. 

Unless the context otherwise requires or unless otherwise set forth herein: 

(a) a term not defined herein that is defined in the Indenture, has the same meaning when used in this Eleventh Supplemental Indenture; 

  
 1 

 (b) the definition of any term in this Eleventh Supplemental Indenture that is also defined in
the Indenture, shall for the purposes of this Eleventh Supplemental Indenture supersede the definition of such term in the Indenture; 
 (c)
a term defined anywhere in this Eleventh Supplemental Indenture has the same meaning throughout; 
 (d) the definition of a term in this
Eleventh Supplemental Indenture is not intended to have any effect on the meaning or definition of an identical term that is defined in the Indenture insofar as the use or effect of such term in the Base Indenture, as previously defined, is
concerned; 
 (e) the singular includes the plural and vice versa; 

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

(g) the following terms have the meanings given to them in this Section 1.1(g): 

“Base Indenture” has the meaning set forth in the preamble hereto. 

“Company” has the meaning set forth in the preamble hereto. 

“Eleventh Supplemental Indenture” has the meaning set forth in the preamble hereto. 

“Fifth Supplemental Indenture” has the meaning set forth in the preamble hereto. 

“Indenture” has the meaning set forth in the preamble hereto. 

“Trustee” has the meaning set forth in the preamble hereto. 

ARTICLE II 

AMENDMENT TO THE INDENTURE 

Section 1.1 of the Fifth Supplemental Indenture is hereby amended by replacing the definition of “Adjusted Stockholders’ Equity
Amount” in its entirety with the following: 
 ““Adjusted Stockholders’ Equity Amount” means, as of any
quarter end and subject to certain adjustments, the stockholders’ equity of the Company as reflected on the Company’s consolidated GAAP balance sheet as of such quarter end, minus accumulated other comprehensive income as reflected on such
consolidated balance sheet; provided, however, the “Adjusted Stockholders’ Equity Amount” means, for any Benchmark Quarter end that is prior to August 4, 2017 used for any Interest Payment Date after
September 30, 2017, the amount of $49,282,000,000, which constitutes the total stockholders’ equity, excluding accumulated other comprehensive income, as of June 30, 2017 as reported on a pro forma basis reflecting the distribution of
shares of Brighthouse Financial, Inc. in the Company’s Form 8-K filed with the SEC on August 9, 2017.” 

  
 2 

 All other provisions and definitions in Section 1.1 of the Fifth Supplemental Indenture shall remain the
same and shall not be affected in any way. 
 ARTICLE III 

MISCELLANEOUS 

SECTION 3.1 Effectiveness. 

This Eleventh Supplemental Indenture will become effective upon its execution and delivery by the Company and the Trustee. 

SECTION 3.2 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 Eleventh Supplemental Indenture. 
 SECTION 3.3
Governing Law. 
 This Eleventh Supplemental Indenture will be governed by, and construed in accordance with, the internal laws of
the State of New York. 
 SECTION 3.4 Counterparts. 

This Eleventh Supplemental 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. 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have caused this Eleventh Supplemental Indenture to be
duly executed by their respective officers thereunto duly authorized, on the date or dates indicated in the acknowledgments and as of the day and year first above written. 

 

					
	 METLIFE, INC.

as Issuer

		
	By:	 	/s/ John D. McCallion
		 	Name:	 	John D. McCallion
		 	Title:	 	Executive Vice President and Treasurer
	
	 THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.,
 as Trustee

		
	By:	 	/s/ R. Tarnas
		 	Name:	 	R. Tarnas
		 	Title:	 	Vice President

  
 ELEVENTH
SUPPLEMENTAL INDENTUREEX-4.4

 Exhibit 4.4 
  

 
  

TWELFTH SUPPLEMENTAL INDENTURE 

between 

METLIFE, INC., 

as Issuer, 
 and 

THE BANK OF NEW YORK MELLON TRUST
COMPANY, N.A., 
 as Trustee 

Dated as of August 28, 2017 
  

 
  

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE I Definitions
	  	 	1	 
		
	 SECTION 1.1 Definitions of Terms
	  	 	1	 
		
	 ARTICLE II Amendment to the Indenture
	  	 	2	 
		
	 ARTICLE III Miscellaneous
	  	 	3	 
		
	 SECTION 3.1 Effectiveness
	  	 	3	 
	 SECTION 3.2 Trustee Not Responsible for Recitals
	  	 	3	 
	 SECTION 3.3 Governing Law
	  	 	3	 
	 SECTION 3.4 Counterparts
	  	 	3	 

  
 - 2 - 

 TWELFTH SUPPLEMENTAL INDENTURE, dated as of August 28, 2017 (this “Twelfth Supplemental
Indenture”), between MetLife, Inc., a Delaware corporation (the “Company”), and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”), supplementing the Eighth Supplemental Indenture,
dated as of July 8, 2009 (the “Eighth Supplemental Indenture”), among the Company, the Trustee, and J.P. Morgan Securities LLC (formerly known as J.P. Morgan Securities Inc.), as premium calculation agent, and further
supplementing the Subordinated Indenture, dated as of June 21, 2005 (the “Base Indenture” and together with the Eighth Supplemental Indenture, the “Indenture”), between the Company and The Bank of New York
Mellon Trust Company, N.A. (as successor in interest to The Bank of New York Mellon Trust Company, N.A., and as successor in interest to J.P. Morgan Trust Company, National Association), as trustee. 

RECITALS 

WHEREAS, the Company executed and delivered the Base Indenture to the Trustee to provide for the future issuance of the Company’s
unsecured subordinated debentures, notes or other evidence of indebtedness, to be issued from time to time in one or more series as might be determined by the Company under the Base Indenture; 

WHEREAS, the Company executed and delivered the Eighth Supplemental Indenture to the Trustee to provide for the issuance of the Company’s
10.750% Fixed-to-Floating Rate Junior Subordinated Debentures due 2069 (the “2069 JSDs”); 

WHEREAS, the Company desires to include in this Twelfth Supplemental Indenture provisions to amend the Eighth Supplemental Indenture intended
to avoid potential restrictions on the Company’s ability to pay interest on the 2069 JSDs as a result of the spin-off by the Company of Brighthouse Financial, Inc.; 

WHEREAS, the Company has requested that the Trustee, in respect of the 2069 JSDs, execute and deliver this Twelfth Supplemental Indenture in
such capacity; 
 WHEREAS, the Company has obtained the requisite consents from holders of a majority in principal amount of the 2069 JSDs
to amend the Eighth Supplemental Indenture; and 
 WHEREAS, all other requirements necessary to make this Twelfth Supplemental Indenture a
valid instrument in accordance with its terms, including its execution and delivery, have been duly authorized in all respects. 
 NOW,
THEREFORE, the Company and the Trustee agree as follows: 
 ARTICLE I 

DEFINITIONS 

SECTION 1.1 Definitions of Terms. 

Unless the context otherwise requires or unless otherwise set forth herein: 

(a) a term not defined herein that is defined in the Indenture, has the same meaning when used in this Twelfth Supplemental Indenture; 

  
 1 

 (b) the definition of any term in this Twelfth Supplemental Indenture that is also defined in the
Indenture, shall for the purposes of this Twelfth Supplemental Indenture supersede the definition of such term in the Indenture; 
 (c) a
term defined anywhere in this Twelfth Supplemental Indenture has the same meaning throughout; 
 (d) the definition of a term in this
Twelfth Supplemental Indenture is not intended to have any effect on the meaning or definition of an identical term that is defined in the Indenture insofar as the use or effect of such term in the Base Indenture, as previously defined, is
concerned; 
 (e) the singular includes the plural and vice versa; 

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

(g) the following terms have the meanings given to them in this Section 1.1(g): 

“Base Indenture” has the meaning set forth in the preamble hereto. 

“Company” has the meaning set forth in the preamble hereto. 

“Eighth Supplemental Indenture” has the meaning set forth in the preamble hereto. 

“Indenture” has the meaning set forth in the preamble hereto. 

“Trustee” has the meaning set forth in the preamble hereto. 

“Twelfth Supplemental Indenture” has the meaning set forth in the preamble hereto. 

ARTICLE II 

AMENDMENT TO THE INDENTURE 

Section 1.1 of the Eighth Supplemental Indenture is hereby amended by replacing the definition of “Adjusted Stockholders’
Equity Amount” in its entirety with the following: 
 ““Adjusted Stockholders’ Equity Amount” means, as of
any quarter end and subject to certain adjustments, the stockholders’ equity of the Company as reflected on the Company’s consolidated GAAP balance sheet as of such quarter end, minus accumulated other comprehensive income as reflected on
such consolidated balance sheet; provided, however, the “Adjusted Stockholders’ Equity Amount” means, for any Benchmark Quarter end that is prior to August 4, 2017 used for any Interest Payment Date after
September 30, 2017, the amount of $49,282,000,000, which constitutes the total stockholders’ equity, excluding accumulated other comprehensive income, as of June 30, 2017 as reported on a pro forma basis reflecting the distribution of
shares of Brighthouse Financial, Inc. in the Company’s Form 8-K filed with the SEC on August 9, 2017.” 

  
 2 

 All other provisions and definitions in Section 1.1 of the Eighth Supplemental Indenture shall remain the
same and shall not be affected in any way. 
 ARTICLE III 

MISCELLANEOUS 

SECTION 3.1 Effectiveness. 

This Twelfth Supplemental Indenture will become effective upon its execution and delivery by the Company and the Trustee. 

SECTION 3.2 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 Twelfth Supplemental Indenture. 
 SECTION 3.3
Governing Law. 
 This Twelfth Supplemental Indenture will be governed by, and construed in accordance with, the internal laws of the
State of New York. 
 SECTION 3.4 Counterparts. 

This Twelfth Supplemental 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. 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have caused this Twelfth Supplemental Indenture to be duly
executed by their respective officers thereunto duly authorized, on the date or dates indicated in the acknowledgments and as of the day and year first above written. 

 

					
	 METLIFE, INC.

as Issuer

		
	By:	 	 /s/ John D. McCallion

		 	Name:	 	John D. McCallion
		 	Title:	 	Executive Vice President and Treasurer
	
	 THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.,
 as Trustee

		
	By:	 	 /s/ R. Tarnas

		 	Name:	 	R. Tarnas
		 	Title:	 	Vice President

  
 TWELFTH
SUPPLEMENTAL INDENTURE

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