Document:

Exhibit 10.1

 

SECOND AMENDMENT TO LEASE

 

This Second Amendment to Lease (this “Amendment”) executed as of this 16th day of June, 2017, by and between Michelson Farm-Westford Technology Park IV Limited Partnership, (hereinafter referred to as “Landlord”), and Sonus Networks, Inc. (hereinafter referred to as “Tenant”).

 

RECITALS

 

WHEREAS, by that certain Lease dated August 11, 2010, as amended by a certain First Amendment to Lease dated as of October 27, 2010 (hereinafter referred to as the “Lease”), Landlord demised to Tenant certain Premises consisting of approximately 97,500 rentable square feet of tenant space consisting of space on the first and second floors of the existing building (the “Building”) located on that certain parcel of real property known and numbered as 4 Technology Park Drive, Westford, Massachusetts and as more particularly described in the Lease (the “Property”); and

 

WHEREAS, Landlord and Tenant desire to amend the Lease to provide for an extension of the Term for ten (10) years, an adjustment in the Fixed Rent, and a tenant allowance.

 

AGREEMENT

 

NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Landlord and Tenant hereby agree as follows:

 

1.                                      Section 1.1 of the Lease is hereby amended by deleting the current definition of “Term Expiration Date” of “August 31, 2018” and by replacing the same with “August 31, 2028.”

 

2.                                      Section 1.1 of the Lease is hereby further amended by adding the following at the end of the current definition for “Fixed Rent”:

 

“September 1, 2018 — August 31, 2022: $1,194,375.00/Year; $99,531.25/Month; $12.25/RSF*

 

September 1, 2022 — August 31, 2025: $1,291,875.00/Year; $107,656.25/Month; $13.25/RSF

 

September 1, 2025 — August 31, 2028: $1,389,375.00/Year; $115,781.25/Month; $14.25/RSF.

 

*See Abatement to Fixed Rent for September 1, 2018 — May 31, 2019 set forth in Section 4.1 of this Lease, as amended.”

 

 

3.                                      Effective on September 1, 2018, the definition for “Annual Estimated Operating Costs For the Building” set forth in Section 1.1 of the Lease is hereby amended by adding to the following at the end of the current definition:

 

“Effective September 1, 2018, the estimated operating costs for the Building shall be: Landlord’s actual Operating Costs for the calendar year ending December 31, 2018 for common area maintenance charges and real estate taxes for calendar year 2018.”

 

4.                                      Section 4.1(b) of the Lease is hereby amended by deleting the same in its entirety, and replacing the same with the following:

 

“b.  Notwithstanding the foregoing, provided that there does not then exist an uncured, continuing Event of Default under this Lease at the time thereof, Tenant’s obligation for the payment of Fixed Rent shall be abated in full for a period of nine (9) months, specifically September 1, 2018 through May 31, 2019; however, Tenant shall remain responsible for paying operating expenses, real estate taxes and insurance and utilities.  If there shall exist an Event of Default under this Lease beyond any applicable period of notice and cure during said nine (9) month period, then any remaining rent abatement shall cease from the date of such Event of Default.”

 

5.                                      Landlord shall provide Tenant with an allowance of One Million Four Hundred Sixty Two Thousand Five Hundred and 00/100 ($1,462,500.00) Dollars ($15.00/RSF) (the “Allowance”).  The Allowance and Additional Allowance (as defined below) shall be used to make certain building improvements set forth on Exhibit “A” attached hereto, and the remaining funds may be used by Tenant for all planning, permitting, construction, furniture, cabling, or infrastructure upgrades to the Premises.  Tenant shall have the right to amortize an additional $10.00/RSF for improvements to the Premises at a rate of 7% interest to be amortized over the entire new term of the lease (9/1/18 — 8/31/28) (the “Additional Allowance”), by providing written notice to Landlord on or before December 31, 2017.  If so elected by Tenant, the parties shall enter into a mutually agreeable amendment to this Lease reflecting the same and the resulting adjustment to the Fixed Rent.  The Allowance and Additional Allowance must be used by Tenant within a year of the date of the Amendment documenting the terms relating to the Additional Allowance.

 

Landlord’s contractor, Gutierrez Construction Co., Inc., shall act as general contractor for any construction build-out that Tenant may require in the Premises which requires a general contractor.  Tenant and the general contractor shall mutually agree on a budget for any work to be performed by general contractor.  General contractor shall provide Tenant with monthly breakdowns showing the application of the Allowance and Additional Allowance (if applicable) and the remaining balance of the Allowance and Additional Allowance (if applicable).  General contractor fees shall not be based on any costs associated with furniture or tel/data cabling.  Tenant shall pay to Landlord, not general contractor, the cost of any such build-out and/or upgrades so requested by Tenant, including contractor’s overhead and general conditions and a contractor’s fee of five percent (5%) of such aggregate costs, which exceed the Allowance and Additional Allowance, if applicable.  Any such payment due from Tenant (if applicable) shall be made within thirty (30) days of receipt of an invoice from Landlord, which 

 

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such invoice shall contain reasonable backup documentation as may be reasonably requested by Tenant.  The Allowance and Additional  Allowance, if applicable, shall be utilized by Landlord before any excess cost, if any, shall be paid by Tenant as aforesaid.  Additionally, Landlord shall reimburse Tenant for such out-of-pocket costs incurred by Tenant related to such upgrades within thirty (30) days after receipt of an invoice for such costs, which such invoice shall contain such reasonable documentation evidencing Tenant’s out-of-pocket costs for such items as reasonably requested by Landlord.  Upon request of Tenant, Landlord shall provide Tenant with an accounting of the Allowance and Additional Allowance.

 

6.                                      Exhibit I of the Lease is hereby amended by deleting the words “ninety five percent (95%) of” in the third paragraph thereof.  Upon the expiration of the extended term set forth herein (i.e. August 31, 2028), Tenant shall continue to have two (2) options to extend the Term for consecutive five (5) year periods each, pursuant to the terms and provisions of Exhibit I.

 

7.                                      Exhibits M and M-1 of the Lease are amended by deleting the same in their entirety.

 

8.                                      Tenant and Landlord warrant and represent that they have not dealt with any brokers other than Jones Lang LaSalle in connection with this Amendment and the Lease.  Landlord shall pay such broker a fee pursuant to a separate agreement.

 

9.                                      This Amendment may be executed in two (2) or more counterparts, each of which shall be an original but such counterparts together shall constitute one (1) and the same instrument notwithstanding that both Landlord and Tenant are not signatories to the same counterpart.  The parties agree that facsimile or portable document format (.pdf) copies of this Amendment, bearing their respective signatures, shall be enforceable as originals.

 

10.                               This Amendment shall be binding on and inure to the benefit of the subsequent assignees of Landlord and Tenant.

 

11.                               All capitalized terms as used herein, but not defined herein, shall have the same meaning ascribed to them in the Lease.

 

12.                               Except as amended by this Amendment, all other terms, conditions, covenants and provisions as appear in the Lease are hereby ratified and confirmed and shall remain unchanged.

 

13.                               Landlord shall provide Tenant with a commercially reasonable Subordination, Non-Disturbance and Attornment Agreement from any future lenders.

 

[Signature Page Follows]

 

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EXECUTED as of the day and year first written above.

 

 

	
 
    	
LANDLORD:
    
	
 
    	
 
    
	
 
    	
MICHELSON FARM-WESTFORD
    
	
 
    	
TECHNOLOGY   PARK IV LIMITED
    
	
 
    	
PARTNERSHIP
    
	
 
    	
 
    
	
 
    	
BY:
    	
THE GUTIERREZ COMPANY,
    
	
 
    	
 
    	
ITS SOLE GENERAL PARTNER
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Arthur J. Gutierrez, Jr.
    
	
 
    	
 
    	
Arthur   J. Gutierrez, Jr.
    
	
 
    	
 
    	
President
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
TENANT:
    
	
 
    	
 
    
	
 
    	
SONUS NETWORKS, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeffrey M. Snider
    
	
 
    	
Name:
    	
Jeffrey M. Snider
    
	
 
    	
Title:
    	
Senior Vice President
    
	
 
    	
 
    	
Hereunto Duly Authorized
    

 

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EXHIBIT “A”

 

1.              Repair and/or replace all leaking windows;

2.              Repair and/or replace all of the ceiling/roof leaks;

3.              Repair the entire parking field (Scope of work to be mutually agreed upon by Tenant and Landlord);

4.              Repair building entry walkway in back of building in two separate areas (Concrete);

5.              Replace the dock overhead garage doors and tracks;

6.              Install two (2) electric car charges, at front entry to building;

7.              Add 2 FPT boxes or more as necessary above ceiling and controls for 2 areas in the office areas; and

8.              Upgrade all overhead lighting with more energy efficient LED lighting or lamping.

 

5EX-4.1

 Exhibit 4.1 
  

 
  

AMERICAN INTERNATIONAL GROUP, INC. 
  

 
 Thirty-Fourth
Supplemental 
 Indenture 

Dated as of June 21, 2017 
  

 
 (Supplemental to
Indenture Dated as of October 12, 2006) 
  

 
 THE BANK OF NEW
YORK MELLON, 
 as Trustee 
  

 
  

 THIRTY-FOURTH SUPPLEMENTAL INDENTURE, dated as of June 21, 2017 (the “Thirty-Fourth
Supplemental Indenture”), between American International Group, Inc., a corporation duly organized and existing under the laws of the State of Delaware (herein called the “Company”), and The Bank of New York Mellon, a New York banking
corporation, as Trustee (herein called “Trustee”); 
 R E C I T A L S: 

WHEREAS, the Company has heretofore executed and delivered to The Bank of New York Mellon, as trustee, an Indenture, dated as of
October 12, 2006 (the “Base Indenture”), as supplemented by the Fourth Supplemental Indenture, dated as of April 18, 2007 (the “Fourth Supplemental Indenture”), and the Eighth Supplemental Indenture, dated as of
December 3, 2010 (the “Eighth Supplemental Indenture”, and, together with the Base Indenture and the Fourth Supplemental Indenture, the “Existing Indenture”), providing for the issuance from time to time of the
Company’s unsecured debentures, notes or other evidences of indebtedness (herein and therein called the “Securities”), to be issued in one or more series; and the Existing Indenture, as may be amended or supplemented from time to
time, including by this Thirty-Fourth Supplemental Indenture, is hereinafter referred to as the “Indenture”; 
 WHEREAS,
Section 901 of the Existing Indenture permits the Company and the Trustee to enter into an indenture supplemental to the Existing Indenture to establish the form and terms of additional series of Securities; 

WHEREAS, Sections 201, 301 and 901 of the Existing Indenture permit the form and the terms of Securities of any additional series of
Securities to be established pursuant to an indenture supplemental to the Existing Indenture; 
 WHEREAS, the Company has authorized the
issuance of €1,000,000,000 in aggregate principal amount of its 1.875% Notes Due 2027 (the “Notes”); 
 WHEREAS, the Notes
will be established as a series of Securities under the Indenture; 
 WHEREAS, Section 901(5) of the Base Indenture permits the Company
and the Trustee to enter into an indenture supplemental to the Base Indenture to add to, change or eliminate any of the provisions in the Indenture in respect of one or more series of Securities, provided that any such addition, change or
elimination (A) shall neither (i) apply to any Security of any series created prior to the execution of such supplemental indenture and entitled to the benefit of such provision nor (ii) modify the rights of the Holder of any such
Security with respect to such provision or (B) shall become effective only when there is no Security described in clause (i) Outstanding; 

WHEREAS, the changes to the Base Indenture contemplated in this Thirty-Fourth Supplemental Indenture comply with the requirements of
Section 901(5)(A); 

 WHEREAS, pursuant to resolutions of (i) the Board of Directors of the Company adopted at a
meeting duly called on September 14, 2010, approving certain additional covenants made by the Company, and (ii) the Risk and Capital Committee of the Board of Directors of the Company adopted at a meeting duly called on February 6,
2017, the Company has duly authorized the execution and delivery of this Thirty-Fourth Supplemental Indenture to establish the form and terms of the Notes; and 

WHEREAS, all things necessary to make this Thirty-Fourth Supplemental Indenture a valid and legally binding agreement according to its terms
have been done; 
 NOW, THEREFORE, THIS THIRTY-FOURTH SUPPLEMENTAL INDENTURE WITNESSETH: 

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

DEFINITIONS AND OTHER PROVISIONS 

OF GENERAL APPLICATION 
  

	Section 1.1	Relation to Existing Indenture 

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

	Section 1.2	Definitions 

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

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

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

(c)    The following terms, as used herein, have the following meanings: 

“Beneficial Owner” means a beneficial owner of the Notes for U.S. federal income tax purposes, as in effect from time to time. 

“Business Day” means, for the purposes of the Notes and this Thirty-Fourth Supplemental Indenture, each Monday, Tuesday, Wednesday,
Thursday or Friday that (i) is not a day on which banking institutions in The City of New York or The City of London are authorized or obligated by law or executive order to close and (ii) on which the Trans-European Automated Real-time
Gross Settlement Express Transfer system (TARGET2 System), or any successor thereto, operates. 
 “Clearstream” means Clearstream
Banking S.A. (or any successor securities clearing agency). 
 “Common Safekeeper” means, with respect to Notes issued in the
form of a Global Note in accordance with the New Safekeeping Structure, Euroclear, which is the entity elected by the Company as Common Safekeeper, or such successor as Euroclear shall designate. 

“Common Service Provider” means, with respect to Notes issued in the form of a Global Note in accordance with the New Safekeeping
Structure, The Bank of New York Mellon, London Branch, which is the entity appointed by the ICSDs to service the Notes, or such successor as the ICSDs shall designate. 

“euro” and “€” mean the lawful currency of the member states of the European Monetary Union that have adopted or
that adopt the single currency in accordance with the treaty establishing the European Community, as amended by the Treaty on European Union. 

“Euroclear” means Euroclear Bank S.A./N.V. (or any successor securities clearing agency), as operator of the Euroclear system. 

“Federal Republic of Germany Obligation” means any security that is (i) a direct obligation of the Federal Republic of Germany
for the payment of which the full faith and credit of the Federal Republic of Germany is pledged or (ii) an obligation of a Person controlled or supervised by and acting as an agency or instrumentality of the Federal Republic of Germany the
payment of which is unconditionally guaranteed as a full faith and credit obligation by the Federal Republic of Germany, which, in either case (i) or (ii), is not callable or redeemable at the option of the issuer thereof. 

“Global Note(s)” means one or more permanent, registered securities in global form and includes any Global Note intended to be held
under the New Safekeeping Structure and registered in the name of a nominee for the Common Safekeeper. 

  
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 “ICSD(s)” means Clearstream and/or Euroclear, as the case may be and/or any additional
or alternative clearing system approved by the Company, the Trustee and the Paying Agent (provided that such additional or alternative clearing system must also be authorized to hold a Global Note as eligible collateral for Eurosystem monetary
policy and intra-day credit operations) collectively. 
 “New Safekeeping Structure”
or “NSS” means a structure where a Global Security is registered in the name of a Common Safekeeper (or its nominee) for Euroclear and/or Clearstream and will be deposited on or about the issue date with the Common Safekeeper
for Euroclear and/or Clearstream. 
 “Paying Agent” means any Person authorized by the Company to pay or cause to be paid the
principal of or any premium or interest on any Securities on behalf of the Company. 
 “Quotation Agent” means AIG Markets, Inc.
or any other firm appointed by the Company, acting as quotation agent. 
 ARTICLE TWO 

GENERAL TERMS AND CONDITIONS OF THE NOTES 
  

	Section 2.1	Forms of Notes Generally 

 The Notes shall be in substantially the forms set forth
in this Article with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by the Existing Indenture and this Thirty-Fourth Supplemental Indenture and may have such letters, numbers or other marks of
identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange, Common Safekeeper and/or Common Service Provider thereto, or as may, consistent with the Existing Indenture and
this Thirty-Fourth Supplemental Indenture, be determined by the officers executing such Notes, as evidenced by their execution of such Notes. 

The Notes shall be issued initially in the form of a Global Note, registered in the name of the nominee of Euroclear as Common Safekeeper and
deposited with, or on behalf of, the Common Safekeeper for credit by the Common Safekeeper to the respective accounts of Beneficial Owners represented thereby (or such other accounts as they may direct). The Global Note will constitute a single
Security for all purposes of the Indenture. 
 Except as set forth in Section 2.7, the Notes may be transferred in whole and not in
part, only to another nominee of Clearstream and Euroclear. 

  
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	Section 2.2	Form and Denominations 

 Payments of interest and principal, including payments
made upon any redemption of the Notes, and Additional Amounts, if any, in respect of the Notes will be payable in euro. If the euro is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond the
Company’s control (including the dissolution of the euro) or if the euro is no longer being used by the then member states of the European Monetary Union that have adopted the euro as their currency or for the settlement of transactions by
public institutions of or within the international banking community, then all payments in respect of the Notes will be made in U.S. dollars until the euro is again available to the Company or so used. The amount payable on any date in euro will be
converted into U.S. dollars at the rate published by the Board of Governors of the Federal Reserve System as of the close of business on the second Business Day prior to the relevant payment date or, in the event the Board of Governors of the
Federal Reserve System has not published a rate of conversion, on the basis of the then most recent U.S. dollar/euro exchange rate available on or prior to the second Business Day prior to the relevant payment date as determined by the Company in
its sole discretion. Any payment in respect of the Notes so made in U.S. dollars will not constitute default or an Event of Default under the Notes or the Indenture. 

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

 

	Section 2.3	Form of Trustee’s Certificate of Authentication of the Note 

 The
Trustee’s certificates of authentication shall be in substantially the following form: 
 This is one of the Notes of the series
designated therein referred to in the within-mentioned Indenture. 
 Dated:
                     
  

			
	THE BANK OF NEW YORK MELLON
	As Trustee
		
	By:	 	                                     
                                         
                 
		 	 Authorized Signatory

  

	Section 2.4	Form of Effectuation Instruction of the Note 

 The Paying Agent’s form of
Effectuation Instructions shall be in substantially the following form: 
 Issuer: American International Group, Inc. 

  
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 Currency and nominal Amount: €1,000,000,000 

ISIN: XS1627602201 
 Dear
Sir/Madam, 
 We hereby instruct you to effectuate the global note. 

Dated: June 21, 2017 
  

			
		 	 THE BANK OF NEW YORK MELLON, LONDON BRANCH

		
		 	 As Paying Agent

		
	By:	 	                                     
                                         
                 
		 	 Authorized Signatory

  

	Section 2.5	Effectuation 

 No Global Note shall be valid or obligatory for any purposes until
it has been effectuated for or on behalf of the Common Safekeeper. 
  

	Section 2.6	Title and Terms 

 Pursuant to Sections 201 and 301 of the Indenture, there is
hereby established a series of Securities, the terms of which shall be as follows: 

(a)    Designation. The Notes shall be known and designated as the “1.875% Notes Due
2027.” 
 (b)    Aggregate Principal Amount. The aggregate principal amount of the Notes that
may be authenticated, delivered and effectuated under this Thirty-Fourth Supplemental Indenture is initially limited to €1,000,000,000, except for Notes authenticated, delivered and effectuated upon registration of, transfer of, or in exchange
for, or in lieu of, other Notes issued pursuant to Section 304, 305, 306, 906, 1107 or 1203 of the Base Indenture. The Company may, without the consent of the Holders of the Notes, issue additional notes of this series in an unlimited amount
having the same ranking, interest rate, Stated Maturity, ISIN number and common code and terms as to status, redemption or otherwise as the Notes (other than dates as to issuance and the initial accrual of interest), in which event such notes and
the Notes shall constitute one series for all purposes under the Indenture, including without limitation, amendments, waivers and redemptions. The principal amount of Notes “Outstanding” for purposes of clause (C) of the proviso of
the definition of Outstanding in the Existing Indenture shall be determined, as of any date of determination, by the Quotation Agent based on the euro/U.S. dollar exchange rate published by the Board of Governors of the Federal

  
 -6- 

 
Reserve System as of the close of business on the second Business Day prior to the date of determination or, in the event the Board of Governors of the Federal Reserve System has not published a
rate of conversion, on the basis of the then most recent U.S. dollar/euro exchange rate available on or prior to the second Business Day prior to the date of determination as determined by the Quotation Agent based on a quotation by a dealer in
euro/U.S. dollar selected by the Quotation Agent, or, if there should be no such dealer, a euro/U.S. dollar exchange rate determined by the Quotation Agent in its sole discretion. 

In the case of a Global Note intended to be held under the New Safekeeping Structure, save for the purposes of determining
Notes that are Outstanding for consent or voting purposes under the Existing Indenture, the Trustee shall rely on the records of the ICSDs in relation to any determination of the principal amount outstanding of such Global Note. For this purpose,
“records” means the records that each of the ICSDs holds for its customers which reflect the amount of such customer’s interest in the Notes. 

(c)    Interest and Maturity. The Stated Maturity of the Notes shall be June 21, 2027 and the
Notes shall bear interest and have such other terms as are described in the form of Note attached as Annex A to this Thirty-Fourth Supplemental Indenture. 

(d)    Redemption. The Company shall have no obligation to redeem or purchase the Notes pursuant to
any sinking fund or analogous provision, or at the option of a Holder thereof. The Notes shall be redeemable at the election of the Company from time to time, in whole or in part, at the times and at the prices specified in the form of Note attached
as Annex A to this Thirty-Fourth Supplemental Indenture. Notice of redemption shall be transmitted not less than 30 nor more than 60 days prior to the Redemption Date, to each Holder of Notes to be redeemed at his address appearing in the Security
Register. 
 If fewer than all of the Notes are to be redeemed, not more than 60 days prior to the Redemption Date,
selection of the particular Notes, or portions thereof for redemption from the Outstanding Notes not previously called, if in definitive form, will be made by lot; provided that if the Notes are represented by a Global Note intended to be held under
the New Safekeeping Structure, beneficial interests in the Notes will be selected for redemption by the ICSDs in accordance with their respective standard procedures therefor; provided, however, that no Notes of a principal amount of €100,000
or less shall be redeemed in part. The Security Registrar shall record such redemption in the Security Register and shall provide the details of such redemption to the Common Safekeeper. The Paying Agent shall instruct the Common Safekeeper to make
such appropriate entries in their records in respect of all Notes redeemed by the Company to reflect such redemption. 

  
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 (e)    Defeasance. The Notes shall not be subject to
the defeasance and discharge provisions of Section 1302 of the Existing Indenture. The Notes shall be subject to the defeasance of certain obligations and certain events of default provisions of Section 1303 of the Existing Indenture,
except that all references to “U.S. Government Obligations” shall be replaced by “Federal Republic of Germany Obligations.” 

(f)    Additional Amounts. All payments of principal and interest in respect of the Notes by the
Company or a paying agent on its behalf will be made free and clear of, and without deduction or withholding for or on account of, any present or future taxes, duties, assessments or other similar governmental charges imposed or levied by the United
States or any political subdivision or taxing authority of or in the United States (collectively, “Taxes”), unless such withholding or deduction is required by law. 

In the event such withholding or deduction for Taxes is required by law, subject to the limitations described below, the
Company will pay to any United States Alien Holder (as defined below) or any foreign partnership such additional amounts (“Additional Amounts”) as may be necessary to ensure that the net amount received by such person, after withholding or
deduction for such Taxes, will be equal to the amount such person would have received in the absence of such withholding or deduction. “United States Alien Holder” means any person that, for United States federal income tax purposes, is a
nonresident alien individual, a foreign corporation, or an estate or trust that in either case is not subject to United States federal income tax on a net income basis on income or gain on the Notes. 

However, no Additional Amounts shall be payable with respect to any Taxes if such Taxes are imposed or levied for reasons
unrelated to the Holder’s or beneficial owner’s ownership or disposition of Notes, nor shall Additional Amounts be payable for or on account of: 

(a) any Taxes which would not have been so imposed, withheld or deducted but for: 

(1) the existence of any present or former connection between the Holder or beneficial owner (or between a fiduciary, settlor,
beneficiary, member or shareholder or other equity owner of, or a person having a power over, such Holder or beneficial owner, if such Holder or beneficial owner is an estate, a trust, a limited liability company, a partnership, a corporation or
other entity) and the United States, including, without limitation, such Holder or beneficial owner (or such fiduciary, settlor, beneficiary, member, shareholder or other equity owner or person having such a power) being or having been a citizen or
resident or treated as a resident of the United States, being or having been engaged in a trade or business in the United States, being or having been present in the United States, or having or having had a permanent establishment in the United
States; 

  
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 (2) the failure of the Holder or beneficial owner to comply with any applicable
certification, information, documentation or other reporting requirement, if compliance is required under the tax laws and regulations of the United States or any political subdivision or taxing authority of or in the United States to establish
entitlement to a partial or complete exemption from such Taxes (including, but not limited to, the requirement to provide Internal Revenue Service Form W-8BEN, Form W-8BEN-E, Form W-8ECI, Form W-8IMY (and related documentation) or any subsequent versions thereof or successor thereto); or 

(3) the Holder’s or beneficial owner’s present or former status as a personal holding company or a foreign personal
holding company with respect to the United States, as a controlled foreign corporation with respect to the United States, as a passive foreign investment company with respect to the United States, as a foreign tax exempt organization with respect to
the United States or as a corporation that accumulates earnings to avoid United States federal income tax; 
 (b) any Taxes
which would not have been imposed, withheld or deducted but for the failure of the Holder or beneficial owner to meet the requirements (including the certification requirements) of Section 871(h) or Section 881(c) of the Internal Revenue
Code of 1986, as amended from time to time (the “Code”); 
 (c) any Taxes which would not have been imposed,
withheld or deducted but for the presentation by the Holder or beneficial owner of such Note for payment on a date more than 30 days after the date on which such payment became due and payable or the date on which payment of the Note is duly
provided for and notice is given to Holders, whichever occurs later; 
 (d) any estate, inheritance, gift, sales, excise,
transfer, personal property, wealth or similar Taxes; 
 (e) any Taxes which are payable other than by withholding or
deduction from a payment on such Note; 
 (f) any Taxes which are imposed, withheld or deducted with respect to, or payable
by, a Holder that is not the beneficial owner of the Note, or a portion of the Note, or that is a fiduciary, partnership, limited liability company or other similar entity, but only to the extent that a beneficial owner, a beneficiary or settlor
with respect to such fiduciary or member of such partnership, limited liability company or similar entity would not have been entitled to the payment of an Additional Amount had such beneficial owner, settlor, beneficiary or member received directly
its beneficial or distributive share of the payment; 

  
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 (g) any Taxes required to be withheld or deducted by any paying agent from any
payment on any Note, if such payment can be made without such withholding or deduction by at least one other paying agent; 

(h) any Taxes imposed, withheld or deducted under Sections 1471 through 1474 of the Code (or any amended or successor
provisions), any current or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b) of the Code or any fiscal or regulatory legislation, rules or practices adopted pursuant to any
intergovernmental agreement entered into in connection with the implementation of such Sections of the Code; 
 (i) any
Taxes that would not have been imposed, withheld or deducted but for a change in any law, treaty, regulation, or administrative or judicial interpretation that becomes effective after the applicable payment becomes due or is duly provided for,
whichever occurs later; or 
 (j) any combination of items (a), (b), (c), (d), (e), (f), (g), (h) and (i). 

Any Additional Amounts paid on the Notes will be paid in euro. 

For purposes of this Section 2.6(f), the acquisition, ownership, enforcement, or holding of or the receipt of any payment
with respect to a Note alone will not constitute a connection (1) between the Holder or beneficial owner and the United States or (2) between a fiduciary, settlor, beneficiary, member or shareholder or other equity owner of, or a person
having a power over, such Holder or beneficial owner if such Holder or beneficial owner is an estate, a trust, a limited liability company, a partnership, a corporation or other entity and the United States. 

Except as specifically provided in this Section 2.6(f), the Company will not be required to make any payment with respect
to any tax, duty, assessment or other governmental charge imposed by any government or any political subdivision or taxing authority. 

(g)    Denominations. The Notes shall be issuable only in fully registered form without coupons and
only in minimum denominations of €100,000 and integral multiples of €1,000 in excess thereof. 

(h)    Authentication and Delivery. The Notes shall be executed, authenticated, delivered and dated
in accordance with Section 303 of the Existing Indenture. 
 (i)    Additional Covenant and
Amendment to the Base Indenture. The additional covenant of the Company and amendment to the Base Indenture, each as set forth in Article III of the Eighth Supplemental Indenture, shall apply to the Notes. 

(j)    Common Safekeeper. With respect to Notes issuable or issued in the form of a Global Note
intended to be held under the New Safekeeping Structure, the Common Safekeeper shall be the Common Safekeeper as defined in Section 1.2(c) hereof. 

  
 -10- 

 (k)    Time Zone. All payment dates with respect to
the Notes, whether at maturity, upon earlier redemption or on any Interest Payment Date, shall be determined in accordance with the time zone applicable to The City of New York. 

(l)    Eurosystem eligibility.    The Notes are intended to be held in a manner
which will allow Eurosystem eligibility. This simply means that the Notes are intended upon issue to be deposited with one of the ICSDs as Common Safekeeper (and registered in the name of a nominee of one of the ICSDs acting as Common Safekeeper)
and does not necessarily mean that the Notes will be recognized as eligible collateral for Eurosystem monetary policy and intra-day credit operations by the Eurosystem either upon issue or at any or all times
during their life. Such recognition will depend upon the European Central Bank being satisfied that Eurosystem eligibility criteria have been met. 

(m)    Destroy Option. In the case of a Global Note intended to be held under the New Safekeeping
Structure, the Common Safekeeper may destroy such Global Note in accordance with the normal procedures of the Common Safekeeper upon maturity and final redemption of such Global Note. 

 

	Section 2.7	Exchanges of Global Note for Non-Global Note 

Notwithstanding any other provision in this Indenture, no Global Note may be exchanged in whole or in part for Notes registered, and no
transfer of a Global Note in whole or in part may be registered, in the name of any Person other than the Common Safekeeper for such Global Note or a nominee thereof unless (A) the Company has been notified that Euroclear or Clearstream (or any
additional or alternative clearing system approved by the Company, the Trustee, the Security Registrar and the Paying Agent on behalf of which the Global Note may be held) has been closed for business for a continuous period of 14 days (other than
by reason of holidays, statutory or otherwise) or has announced an intention permanently to cease business or does in fact do so, (B) an Event of Default in respect of the Notes has occurred and is continuing and the Security Registrar has
received a request from Euroclear or Clearstream or (C) the Company so directs the Trustee by a Company Order. 
 Upon surrender by
Clearstream or Euroclear of the Global Note, the Company, at its option, will either (i) issue a new Global Note that is not intended to be held under the New Safekeeping Structure and have the Depositary register the Notes in its book-entry
system to the Persons identified by Clearstream or Euroclear as the Beneficial Owners of the Notes represented by the Global Note, or (ii) issue certificated Notes to each Person that Clearstream or Euroclear identifies as the Beneficial Owner
of the Notes represented by the Global Note. If the Company issues certificated Notes, upon the issuance of certificated Notes, the Security Registrar is required to register the certificated Notes in the name of that Person or Persons, or their
nominee, and cause the certificated Notes to be delivered thereto. 

  
 -11- 

 ARTICLE THREE 

MISCELLANEOUS 
  

	Section 3.1	Relationship to Existing Indenture 

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

	Section 3.2	Modification of the Existing Indenture 

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

	Section 3.3	Governing Law 

 This instrument shall be governed by, and construed in accordance
with, the laws of the State of New York. 
  

	Section 3.4	Counterparts 

 This instrument may be executed in any number of counterparts, each
of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 
  

	Section 3.5	Trustee Makes No Representation 

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

	Section 3.6	FATCA 

 The Company agrees (i) to provide the Trustee, at the Trustee’s
request, with such reasonable information as it has in its possession to enable the Trustee to determine whether any payments pursuant to the Indenture are subject to the withholding requirements described in Section 1471(b) of the U.S.
Internal Revenue Code of 1986 (the “Code”) or otherwise imposed pursuant to Sections 1471 through 1474 of the Code 

  
 -12- 

 and any regulations, or agreements thereunder or official interpretations thereof (“Applicable Law”),
and (ii) that the Trustee shall be entitled to make any withholding or deduction from payments under the Indenture to the extent necessary to comply with Applicable Law, for which the Trustee shall not have any liability. 

  
 -13- 

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

					
	AMERICAN INTERNATIONAL GROUP, INC.
		
	By:	 	 /s/ David W. Junius

		 	Name:	 	David W. Junius
		 	Title:	 	Vice President and Treasurer

 Attest: 
  

	
	 /s/ Christopher B. Chorengel

  

			
	THE BANK OF NEW YORK MELLON,
	as Trustee
		
	By:	 	 /s/ Laurence O’Brien

		 	Name: Laurence O’Brien
		 	Title: Vice President

  
 [Signature Page to
Thirty-Fourth Supplemental Indenture] 

 ANNEX A 

FORM OF THE NOTES 

THIS NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE NOMINEE OF THE
ENTITY APPOINTED AS COMMON SAFEKEEPER FOR EUROCLEAR BANK S.A./N.V. (“EUROCLEAR”) AND CLEARSTREAM BANKING S.A. (“CLEARSTREAM”). TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, AND NOT IN PART, TO NOMINEES
OF THE COMMON SAFEKEEPER OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

 AMERICAN INTERNATIONAL GROUP, INC. 

1.875% NOTES DUE 2027 
  

			
	No. 1	  	
	ISIN No.: XS1627602201	  	
	Common Code: 162760220	  	€1,000,000,000

 This certifies that the Person whose name is entered in the Security Register maintained by the Security
Registrar is registered as the Holder of the aggregate principal amount of €1,000,000,000 of 1.875% Notes Due 2027. 
 AMERICAN
INTERNATIONAL GROUP, INC., a corporation duly organized and existing under the laws of Delaware (herein called the “Company,” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby
promises to pay to the registered Holder hereof, or registered assigns, the principal sum of One billion euros (€1,000,000,000) on June 21, 2027, and to pay interest thereon from June 21, 2017, or from the most recent Interest Payment
Date (as defined below) to which interest has been paid or duly provided for, annually in arrears on June 21 of each year (each such date, an “Interest Payment Date”), commencing on June 21, 2018, at the rate of 1.875% per annum,
until the principal hereof is paid or made available for payment. 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 this Note (or
one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest, which shall be the business day on which each of Clearstream and Euroclear is open for business immediately preceding the applicable
Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Note (or one or more
Predecessor Notes) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof which shall be given to Holders of Notes of this series not less than
10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such
exchange, all as more fully provided in said Indenture. 
 Interest on the Notes will be computed on the basis of (i) the actual number
of days in the period for which interest is being calculated and (ii) the actual number of days from and including the last date on which interest was paid on the Notes (or June 21, 2017 if no interest has been paid on the Notes), to but
excluding the next scheduled Interest Payment Date, as the case may be. 
 In the event that an Interest Payment Date is not a Business Day,
the Company shall pay interest on the next succeeding Business Day, with the same force and effect as if made on the Interest Payment Date, and without any interest or other 

 
payment with respect to the delay. If the Stated Maturity or earlier Redemption Date falls on a day that is not a Business Day, the payment of principal, premium, if any, and interest need not be
made on such date, but may be made on the next succeeding Business Day, with the same force and effect as if made on the Stated Maturity or earlier Redemption Date, provided that no interest shall accrue for the period from and after such Stated
Maturity or earlier Redemption Date. 
 For purposes of this Note, a “Business Day” shall mean each Monday, Tuesday, Wednesday,
Thursday or Friday that (i) is not a day on which banking institutions in The City of New York or The City of London are authorized or obligated by law or executive order to close and (ii) on which the Trans-European Automated Real-time
Gross Settlement Express Transfer system (TARGET2 System), or any successor thereto, operates. 
 Payment of the principal of and premium,
if any, and interest on this Note will be made at the office or agency of the Company maintained for that purpose in the City of London, which is initially the London office of The Bank of New York Mellon, London Branch. 

All payments of interest, principal, including payments made upon any redemption of the Note, and Additional Amounts, if any, on this Note
will be payable in euro. If the euro is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond the Company’s control (including the dissolution of the euro) or if the euro is no longer being used by
the then member states of the European Monetary Union that have adopted the euro as their currency or for the settlement of transactions by public institutions of or within the international banking community, then all payments in respect of this
Note will be made in U.S. dollars until the euro is again available to the Company or so used. The amount payable on any date in euro will be converted into U.S. dollars at the rate published by the Board of Governors of the Federal Reserve System
as of the close of business on the second Business Day prior to the relevant payment date or, in the event the Board of Governors of the Federal Reserve System has not published a rate of conversion, on the basis of the then most recent U.S.
dollar/euro exchange rate available on or prior to the second Business Day prior to the relevant payment date as determined by the Company its sole discretion. Any payment in respect of this Note so made in U.S. dollars will not constitute a default
or an Event of Default with respect to the Notes of this series or under the Indenture. Neither the Trustee nor the paying agent shall have any responsibility for any calculation or conversion in connection with the foregoing. 

“euro” and “€” mean the lawful currency of the member states of the European Monetary Union that have adopted or that
adopt the single currency in accordance with the treaty establishing the European Community, as amended by the Treaty on European Union. 

 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. 

This Note shall not be valid for any purposes until it has been effectuated for or on behalf of the Common Safekeeper. 

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

Dated: June 21, 2017 
  

					
	AMERICAN INTERNATIONAL GROUP, INC.
		
	By:	 	  

		 	Name:	 	David W. Junius
		 	Title:	 	Vice President and Treasurer

 Attest: 
  

	
	  

 This is one of the Notes of the series designated therein referred to in the within-mentioned
Indenture. 
 Dated: June 21, 2017 
  

			
	THE BANK OF NEW YORK MELLON
	As Trustee
		
	By:	 	  

		 	Authorized Signatory

 EFFECTUATED for and on behalf of EUROCLEAR BANKING S.A./N.V., as Common Safekeeper, without
recourse, warranty or liability. 
 Dated: June 21, 2017 
  

			
	EUROCLEAR BANKING S.A./N.V.
	As Common Safekeeper
		
	By:	 	  

		 	Authorized Signatory

 [Reverse of the Notes] 

This Note is one of a duly authorized issue of securities of the Company (herein called the “Notes”), designated as its 1.875% Notes
due 2027, issued and to be issued in one or more series under an Indenture, dated as of October 12, 2006, as supplemented by the Fourth Supplemental Indenture, dated as of April 18, 2007, the Eighth Supplemental Indenture, dated as of
December 3, 2010, and the Thirty-Fourth Supplemental Indenture, dated as of June 21, 2017 (as so supplemented, the “Indenture,” which term shall have the meaning assigned to it in such instrument), between the Company and The
Bank of New York Mellon, as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto 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, delivered and effectuated. This Note is one
of the series designated on the face hereof. 
 The Company will be obligated to pay Additional Amounts to the Holder of this Note to the
extent and as provided in the Thirty-Fourth Supplemental Indenture. 
 The Notes of this series are subject to redemption at any time, as a
whole or in part, at the election of the Company, upon not less than 30 nor more than 60 days’ notice given as provided in the Indenture, at a Redemption Price equal to (A) in the case of a Redemption Date prior to March 21, 2027, the
greater of (i) 100% of the principal amount, together with accrued and unpaid interest to, but excluding, the Redemption Date, and (ii) as determined by the Quotation Agent, the sum of the present values of the Remaining Scheduled Payments (not
including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) at the applicable Comparable Government Bond Rate, plus 25 basis points, plus accrued
and unpaid interest to, but excluding, the Redemption Date; or (B) in the case of a Redemption Date on or after March 21, 2027, 100% of the principal amount, together with accrued and unpaid interest to, but excluding, the Redemption Date.

 In addition, the Notes of this series are subject to redemption at any time, in whole but not in part, at the election of the Company,
upon the occurrence of a Tax Event, upon not less than 30 nor more than 60 days’ notice given as provided in the Indenture, at a Redemption Price equal to 100% of the principal amount, together with accrued and unpaid interest to, but
excluding, the Redemption Date. 
 “Comparable Government Bond” means, in relation to any Comparable Government Bond Rate
calculation, at the discretion of the Quotation Agent, a German federal government bond whose maturity is closest to the maturity of the Notes, or if the Quotation Agent in its discretion determines that such similar bond is not in issue, such other
German federal government bond as the Quotation Agent may determine to be appropriate for determining the Comparable Government Bond Rate. 

 “Comparable Government Bond Rate” means the yield to maturity, expressed as a
percentage (rounded to three decimal places, with 0.0005 being rounded upwards), on the third Business Day prior to the Redemption Date, of the Comparable Government Bond on the basis of the middle market price of the Comparable Government Bond
prevailing at 11:00 a.m. (London time) on such Business Day as determined by the Quotation Agent. 
 “Quotation Agent” means AIG
Markets, Inc. or any other firm appointed by the Company, acting as quotation agent. 
 “Remaining Scheduled Payments” means, with
respect to each Note to be redeemed, the remaining scheduled payments of the principal thereof and interest thereon that would be due after the related Redemption Date but for such redemption; provided, however, that, if such redemption date is not
an Interest Payment Date with respect to such Note, the amount of the next succeeding scheduled interest payment thereon will be deemed to be reduced (solely for the purposes of this calculation) by the amount of interest accrued thereon to such
Redemption Date. 
 “Tax Event” means that the Company has requested and received an opinion of independent tax counsel of
nationally recognized standing to the effect that: 
 (i)    the Company has or will become obliged to
pay Additional Amounts with respect to the Notes as a result of any change in, or amendment to, the laws, regulations, treaties, or rulings of the United States or any political subdivision of or in the United States or any taxing authority thereof
or therein affecting taxation, or any change in, or amendment to, the application, official interpretation, administration or enforcement of such laws, regulations, treaties or rulings (including a holding by a court of competent jurisdiction in the
United Sates), which change or amendment is enacted, adopted, announced or becomes effective on or after June 12, 2017; or 

(ii)    on or after June 12, 2017, any action is taken by a taxing authority of, or any action has been
brought in a court of competent jurisdiction in, the United States or any political subdivision of or in the United States or any taxing authority thereof or therein, including any of those actions specified in clause (i) above, whether or not
such action was taken or brought with respect to the Company, or there is any change, amendment, clarification, application or interpretation of such laws, regulations, treaties or rulings, which in any such case, will result in a material
probability that the Company will be required to pay Additional Amounts with respect to the Notes. 

 In the event of redemption of the Notes in part only, a new Note or Notes of this series and of
like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 
 The Notes of
this series do not have the benefit of any sinking fund obligation and are not subject to repurchase at the option of the Holders. 
 The
Notes of this series are not subject to the provisions of the Indenture that would otherwise provide for defeasance at any time of the entire indebtedness of this Note. The Notes shall be subject to the defeasance of certain obligations and certain
events of default provisions of Section 1303 of the Existing Indenture, except that all references to “U.S. Government Obligations” shall be replaced by “Federal Republic of Germany Obligations.” 

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 Securities of each series to be affected under the Indenture at any time by the Company and the Trustee
with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of
the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their
consequences. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange herefor or
in lieu hereof, whether or not notation of such consent or waiver is made upon this Note. 
 As provided in and subject to the provisions of
the Indenture, the Holder of this Note shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously
given the Trustee written notice of a continuing Event of Default with respect to the Notes of this series, the Holders of not less than 25% in principal amount of the Notes of this series at the time Outstanding shall have made written request to
the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the Holders of a majority in principal amount of Notes of this series at
the time Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted
by the Holder of this Note for the enforcement of any payment of principal hereof or premium, if any, or interest or any Additional Amount hereon on or after the respective due dates expressed herein. 

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

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note is registrable in the Security
Register, upon surrender of this Note for registration of transfer at the office or agency of the Company in any place where the principal of and premium, if any, or interest on this Note are payable (or, otherwise, in accordance with applicable
procedures of Euroclear and Clearstream), 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 and of like tenor, 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 fully registered form without coupons in denominations of €100,000 and integral multiples
of €1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, the Notes of this series are exchangeable for a like aggregate principal amount of Notes of this series and of like tenor 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. 

Prior to due presentment of this Note for registration of transfer, the Company, 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 be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 

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

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