Document:

Letter Agreement between QLT and Christopher Muller

 Exhibit 10.62 

 
 

 
 July 20, 2012 
 Confidential 
 Without Prejudice 

Christopher Muller 
 Dear Chris, 

This letter will confirm our verbal discussion of July 6, 2012, that in connection with the budget reductions and restructuring activities being
undertaken by QLT Ophthalmics, Inc. (“QLT”) and its parent company, QLT Inc., your employment will terminate on July 20, 2012 (the “Termination Date”). 
 Pursuant to Part II of your Change of Control Agreement dated April 13, 2012 (the “CoC Agreement”), as your employment is being terminated on a without cause basis following a Change of
Control, you will receive the severance payments and other benefits set forth herein, conditioned upon and in consideration for your execution of this letter agreement (the “Letter Agreement”) and your execution and non-revocation of the
general release (the “Release”) appended hereto as Appendix A. 
  

	1.	Severance Payment. QLT will pay to you a severance payment in the total sum of $300,000.00, less all applicable and required deductions and withholdings. This
severance payment is in a total amount equal to twelve (12) months of your present base salary, and shall be paid to you on QLT’s next regularly scheduled payroll date following the expiration of the revocation period set forth in the
Release appended hereto as Appendix A. 

  

	2.	Cash Incentive Compensation Bonus. QLT will make a lump sum payment to you in the amount of $40,384.60 (less all applicable and required deductions and
withholdings), which is an amount equal to a pro-rated Cash Incentive Compensation bonus for calendar year 2012, calculated in accordance with the CoC Agreement. This payment shall be paid to you on QLT’s next regularly scheduled payroll date
following the expiration of the revocation period set forth in the Release appended hereto as Appendix A. 

  

	3.	Expenses. QLT will reimburse you for all reasonable business related expenses incurred by you during the course of your employment, subject to the expense
reimbursement provisions set forth in your Employment Agreement and the Company’s Policy and Procedures Manual. Please submit any outstanding expense claims within three business days after your Termination Date. 

 

	4.	Vacation. You will be paid an amount equal to all accrued but unused vacation up to July 20, 2012. You are entitled to payment of all accrued but unused
vacation whether or not you sign this Letter Agreement. You will not be entitled to use sick leave or disability benefits after July 20, 2012. 

  

	5.	 Benefits. On a monthly basis, QLT will reimburse you for the cost of your, and as applicable, your covered dependents, continuing coverage under
QLT’s group health, dental and vision plans, for the lesser of (1) a period of twelve (12) months from the Termination Date, or (2) until the date upon which you and your

 Christopher Muller 
 July 20, 2012 
 Page 2 of 8 

 

	 	
covered dependents, if applicable, are covered by similar plans of a subsequent employer. Your right to continued coverage shall be governed by the federal law known as COBRA, and as applicable,
by the California Continuation Benefits Replacement Act. After the lesser of the twelve (12) month period immediately following the Termination Date, or the date upon which you and your covered dependents, if applicable, are covered by similar
plans of a subsequent employer, you shall be responsible for the full premium for continued coverage for whatever period of continuing coverage that remains under the federal law known as COBRA, and for the period of continuing coverage that remains
under the California Continuation Benefits Replacement Act. 

  

	6.	Outplacement Assistance. QLT will provide to you, through the Company’s designated external consultants, outplacement assistance to a maximum amount of
$5,000. The purpose of the outplacement assistance is to aid in your search for and transition to new employment. Therefore, if you wish to take advantage of the outplacement assistance being offered by the Company, you must start the outplacement
assistance program on or before 60 days after your Termination Date. 

  

	7.	Stock Options. You will have 90 days from the date of termination of your employment (as defined in the particular QLT Incentive Stock Option Plan under which
your stock options were issued) to exercise any stock options that have vested as of such termination date. The terms of the Stock Option Agreement(s) and QLT’s Incentive Stock Option Plan will govern the vesting and exercise of any stock
options which you may hold. If you need any further information regarding your current option status or vesting provisions, then please contact Michelle Baker directly (604-707-7285). 

 

	8.	Release. In accordance with section 2.1 of the CoC Agreement, you must sign and return the enclosed Release appended hereto and incorporated herein as Appendix
A. You understand and acknowledge that this Letter Agreement and its Appendices are intended to be a full and final settlement of all matters between you and QLT. Any obligations, entitlements, expectations, promises, understandings or commitments
not expressly set forth in or referenced in this Letter Agreement, whether they arose prior to your employment, during your employment or upon or after termination of your employment are superseded and nullified by this letter.

  

	9.	Confidentiality and Non-Solicitation. Your Employment Agreement with QLT includes certain Proprietary and Confidential Information obligations, Inventions and
Patents obligations, and Non-Compete and Non-Solicitation restrictions that are set forth in Sections 5, 6 and 7, respectively, of the Employment Agreement. Section 2.7 of the CoC Agreement provides that the non-competition restrictions set
forth in your Employment Agreement will be waived by QLT. You acknowledge and agree that the remainder of the obligations and restrictions set forth in Sections 5, 6 and 7 of your Employment Agreement shall remain in full effect, and by this Letter
Agreement, you specifically warrant and represent that you will continue to abide by these restrictions and meet these obligations, as set forth in your Employment Agreement. 

 

	10.	Non-Disparagement. You agree that you shall not disparage QLT, its affiliated entities, or its officers, directors, employees, agents or representatives in any
manner, and you further agree that you shall not engage in any conduct which reasonably may be expected to have a negative impact on QLT’s business, goodwill, products, management, or any litigation that QLT may be a party to or otherwise
involved in. 

  

	11.	Cooperation. In exchange for the payments and benefits provided herein, you further agree that for a period of 60 days following the Termination Date, you will
exercise best efforts to respond to inquiries from senior management of QLT or QLT Inc. concerning issues that may arise that relate to the transition of your work or to further assist the transition of your work. 

 

	12.	 Lockout Period. Following the Termination Date, you will no longer be subject to QLT’s employee lockout periods, but you will still be
subject to laws prohibiting insider trading on QLT stock based on material information regarding QLT. To avoid any uncertainty, please refer to Appendix B attached, which 

 Christopher Muller 
 July 20, 2012 
 Page 3 of 8 

 

	 	
sets forth certain rules that must be followed regarding insider trading and trading of options following your termination of employment. QLT will deliver to you on your Termination Date a letter
reminding you of certain obligations you have under the U.S. Federal securities laws. 

  

	13.	Return of Property. You warrant and represent that on or before the date of this Letter Agreement, you have returned all QLT property that was in your
possession, control, or right of control to QLT, including but not limited to all QLT documents, all sales, marketing, personnel and financial information of any kind (whether recorded on paper, electronically, or otherwise), computer equipment and
software, and all QLT building passes and keys. You further warrant and represent that as of the date of this Letter Agreement and as of the Effective Date, you have not indebted QLT in any manner, including by the use of QLT credit cards.

  

	14.	Confidentiality. You and QLT agree that each party will hold the existence, terms, and provisions of this Letter Agreement in confidence, and will not disclose,
directly or indirectly, the existence, terms or provisions of this Letter Agreement except (i) in your case, to your spouse or your legal and financial advisors, and then only on the condition that they be advised that they cannot further
disclose the same to others, (ii) in QLT’s case, to its directors, officers, employees, legal and financial advisors, accountants and regulators, and (iii) as required by law. 

 

	15.	Choice of Law. This Letter Agreement shall be governed by and interpreted in accordance with the laws of State of California. If any portion of this Letter
Agreement shall to any extent be declared unenforceable or illegal by a court of competent jurisdiction, the remainder of this Letter Agreement shall not be affected thereby, and each portion and provision of this Letter Agreement shall be valid and
enforceable to the fullest extent permitted by law. 

  

	16.	Acknowledgement. This is a legal document. By your signature below, you acknowledge each of the following: (a) that you have read this Letter Agreement and
its appendices thoroughly and that you have been given a reasonable time in which to consider and review this Letter Agreement and the Release and other appendices to the Letter Agreement; (b) that you are fully aware of the Letter
Agreement’s contents and legal effect and that you have had an opportunity to consult with legal counsel concerning this Letter Agreement and the Release and other appendices to the Letter Agreement; and (c) that you have chosen to enter
into this Letter Agreement freely, without coercion, and based upon your own judgment and not in reliance upon any promises made by QLT other than those contained in this Letter Agreement and its appendices. The Effective Date (as used herein, the
“Effective Date”) of this Letter Agreement shall be the date immediately after the date on which the seven (7) day revocation period set forth in the Release appended hereto as Appendix A expires. 

On behalf of QLT, I wish to thank you for your dedicated service and wish you the best of luck in your future endeavors. If the foregoing is acceptable
to you, please sign this Letter Agreement and the Release appended hereto as Appendix A and return the executed documents to me by September 4, 2012. 
 Yours very truly, 
  

	
	QLT Ophthalmics, Inc.
	
	    /s/ Bob Butchofsky
	Robert Butchofsky
	Director, QLT Ophthalmics, Inc.

 Christopher Muller 
 July 20, 2012 
 Page 4 of 8 

 

 In consideration of the payments and other benefits provided to me herein, to which I agree I am not
otherwise entitled, I hereby agree to the foregoing terms this 23rd day of July, 2012. 

	
	
	    /s/ Christopher Muller
	Christopher Muller

 Attachments: 
  

	 	-	Appendix A – Final Release 

  

	 	-	Appendix B – Trading Restrictions 

  

	 	-	Appendix C – OWBPA attachment 

 Christopher Muller 
 July 20, 2012 
 Page 5 of 8 

 

 APPENDIX A 

GENERAL RELEASE OF CLAIMS 
 This General Release of Claims (“Release”) is entered into as of this 23rd day of July, 2012, between you, and QLT Ophthalmics, Inc. (the “Company”) (collectively referred to herein
as the “Parties”), effective eight days after your signature (the “Effective Date”), unless you revoke your acceptance as provided in Paragraph 1(b), below. 

 

	1.	General Release of the Company. You understand that by agreeing to this Release you are agreeing not to sue, or otherwise file any claim against, the
Company or any of its employees or other agents for any reason whatsoever based on anything that has occurred up to and including the date you sign this Release. 

 

	 	a)	On behalf of yourself and your heirs and assigns, you hereby release and forever discharge the Company, and each of its owners, affiliates, divisions, predecessors,
successors, assigns, agents, directors, officers, partners, employees, and insurers, and all persons acting by, through, under or in concert with them, or any of them (collectively, the “Releasees”), of and from any and all manner of
action or actions, cause or causes of action, in law or in equity, suits, debts, liens, contracts, agreements, promises, liability, claims, demands, damages, loss, cost or expense, of any nature whatsoever, known or unknown, fixed or contingent
(hereinafter called “Claims”), except with respect to any severance payment, cash incentive compensation bonus, expenses, vacation, benefits and stock options listed in the CoC Agreement, which you now have or may hereafter have against
the Releasees, or any of them, by reason of any matter, cause, or thing whatsoever from the beginning of time to the date hereof, including, without limiting the generality of the foregoing, any Claims arising out of, based upon, or relating to your
hire, employment, remuneration or resignation from employment with the Releasees, or any of them, including any Claims arising under the Age Discrimination in Employment Act (“ADEA”), as amended, 29 U.S.C. § 621, et
seq.; the Older Workers Benefit Protection Act; Title VII of the Civil Rights Act of 1964, as amended by the Civil Rights Act of 1991, 42 U.S.C. § 2000 et seq.; the Equal Pay Act, 29 U.S.C. § 206(d); the Civil Rights Act of
1866, 42 U.S.C. § 1981; the Family and Medical Leave Act of 1993, 29 U.S.C. § 2601 et seq.; the Americans with Disabilities Act of 1990, 42 U.S.C. § 12101 et seq.; the False Claims Act , 31 U.S.C. § 3729 et
seq.; the Employee Retirement Income Security Act, 29 U.S.C. § 1001 et seq.; the Worker Adjustment and Retraining Notification Act, 29 U.S.C. § 2101 et seq. the Fair Labor Standards Act, 29 U.S.C. § 215 et
seq., the Sarbanes-Oxley Act of 2002; the California Labor Code; the employment and civil rights laws of California; the employment and civil rights laws of all other states, and any city or local municipal or government entity, Claims for
breach of contract; Claims arising in tort, including, without limitation, Claims of wrongful dismissal or discharge, discrimination, harassment, retaliation, fraud, misrepresentation, defamation, libel, infliction of emotional distress, violation
of public policy, and/or breach of the implied covenant of good faith and fair dealing; and Claims for damages or other remedies of any sort, including, without limitation, compensatory damages, punitive damages, injunctive relief and
attorney’s fees. Notwithstanding the generality of the foregoing, you do not release any claims that cannot be released as a matter of law including, without limitation, claims for indemnity under the California Labor Code and your right to
bring to the attention of the Equal Employment Opportunity or California Department of Fair Employment and Housing claims of discrimination; provided, however, that you do release your right to secure damages for any alleged discriminatory
treatment. 

 Christopher Muller 
 July 20, 2012 
 Page 6 of 8 

 

	 	b)	In accordance with the Older Workers Benefit Protection Act of 1990, you have been advised of the following: 

 

	 	i)	You have the right to consult with an attorney before signing this Release; 

 

	 	ii)	You have been given at least forty-five (45) days to consider this Release; and 

 

	 	iii)	 You have seven (7) days after signing this Release to revoke your agreement to it, and that agreement will not be effective, and you will not
receive any of the separation benefits outlined in the Letter Agreement to which this Release is appended, until that revocation period has expired. If you wish to revoke your acceptance of this Release, you must deliver such notice in writing, no
later than 5:00 p.m. on the 7th day following your
signature to QLT Inc., Attention: Frank Ott, 887 Great Northern Way, Suite 101, Vancouver, BC, Canada, V5T 4T5. 

  

	 	c)	YOU ACKNOWLEDGE THAT YOU HAVE BEEN ADVISED OF AND ARE FAMILIAR WITH THE PROVISIONS OF CALIFORNIA CIVIL CODE SECTION 1542, WHICH PROVIDES AS FOLLOWS:

 “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT
TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH, IF KNOWN BY HIM OR HER, MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” 
 BEING AWARE OF THE PROVISIONS OF CALIFORNIA CODE SECTION 1542, YOU HEREBY EXPRESSLY WAIVE ANY RIGHTS YOU MAY HAVE THEREUNDER, AS WELL AS UNDER ANY OTHER STATUTES OR COMMON LAW PRINCIPLES OF SIMILAR
EFFECT. 
  

	2.	Employee’s Representations. You represent and warrant that: 

 

	 	a)	You have returned to the Company all Company property in your possession; 

  

	 	b)	You are not owed wages, commissions, bonuses or other compensation, other than wages through July 20, 2012 and any accrued, unused vacation earned through that
date; 

  

	 	c)	During the course of your employment you did not sustain any injuries for which you might be entitled to compensation pursuant to worker’s compensation law;

  

	 	d)	You have not made any disparaging comments about the Company, nor will you do so in the future; and 

 

	 	e)	You have not initiated any adversarial proceedings of any kind against the Company or against any other person or entity released herein, nor will you do so in the
future, except as specifically allowed by the Letter Agreement and the appendices appended thereto. 

  

	3.	Maintaining Confidential Information. You will not disclose any confidential information you acquired while an employee of the Company to any other person
or use such information in any manner that is detrimental to the Company’s interests. 

  

	4.	Cooperation With the Company. You will cooperate fully with the Company in its defense of or other participation in any administrative, judicial or other
proceeding arising from any charge, complaint or other action which has been or may be filed. 

 Christopher Muller 
 July 20, 2012 
 Page 7 of 8 

 

	5.	Severability. The provisions of this agreement are severable. If any provision is held to be invalid or unenforceable, it shall not affect the validity or
enforceability of any other provision. 

  

	6.	Choice of Law. This Release shall in all respects be governed and construed in accordance with the laws of the State of California, including all matters
of construction, validity and performance, without regard to conflicts of law principles. 

  

	7.	Integration Clause. This Release contains our entire agreement with regard to the transition and separation of your employment, and supersede and replace
any prior agreements as to those matters, whether oral or written. This Release may not be changed or modified, in whole or in part, except by an instrument in writing signed by you and the President of the Company. 

 

	8.	Execution in Counterparts. This Release may be executed in counterparts with the same force and effectiveness as though executed in a single document.
Facsimile signatures shall have the same force and effectiveness as original signatures. 

 You acknowledge and agree that you
have read this Release carefully, fully understand its contents, and have executed this Release knowingly and voluntarily. The Parties have carefully read this Release in its entirety; fully understand and agree to its terms and provisions; and
intend and agree that it is final and binding on all Parties. 
 IN WITNESS WHEREOF, and intending to be legally bound, the Parties have
executed the foregoing on the dates shown below. 
  

					
	 EMPLOYEE
	 		  	QLT OPHTHALMICS, INC.
			
	     /s/ Christopher
Muller
	 		  	     /s/ Bob Butchofsky

	 CHRISTOPHER MULLER
	 		  	 By: Robert Butchofsky

Title: Director

									
					
	 Date
	 	     7/23/12
	 		 	Date	 	    7/23/12

 Christopher Muller 
 July 20, 2012 
 Page 8 of 8 

 

 APPENDIX B 

TRADING RESTRICTIONS 
 Clarification from QLT Inc. with respect to the ability to trade QLT securities after your departure, in what would otherwise be a “blackout period” if you were still an employee of QLT
Ophthalmics, Inc. (“QLT”). 
 Securities legislation provides that any person who is in a “special relationship” with a
company (employees are included within the definition of persons in a special relationship) may not trade in company securities with knowledge of a material fact or material change in the business or affairs of the company that has not been
generally disclosed to the public (and then only after a reasonable period has passed after such disclosure, being at least one full trading day). 
 Former employees of a company who may acquire knowledge of any material fact or material change while still an employee would be subject to this trading restriction under the securities legislation and
would not be permitted to trade until a “reasonable period” had passed following the disclosure to the public of the material fact or change. 
 Therefore, while a blackout period imposed on employees of QLT or its affiliates during your Severance Period would not apply to you after you are no longer employed by QLT, you are still subject to
general securities legislation and if you have knowledge of a material fact or material change in the business or affairs of QLT Inc. or its affiliates which you acquired while you were an employee of QLT, you should not trade in QLT securities
based on this knowledge until the material fact or change has been generally disclosed by QLT to the public and a reasonable period of time (at least one full trading day) has passed since such disclosure. 

WE REMIND YOU THAT SINCE YOUR EMPLOYMENT WITH QLT DOES NOT END UNTIL YOUR TERMINATION DATE, UNTIL THAT DATE YOU REMAIN SUBJECT TO ALL TRADING
BLACK-OUT PERIODS APPLICABLE TO ALL QLT INC. AND QLT EMPLOYEES; HOWEVER, YOU ARE STILL SUBJECT TO LAWS PROHIBITING INSIDER TRADING ON QLT INC. STOCK BASED ON MATERIAL INFORMATION REGARDING QLT INC. IF YOU PLAN TO TRADE IN QLT INC. STOCK (INCLUDING
OPTIONS), AT ANY TIME BEFORE 24 HOURS AFTER QLT INC. HAS PUBLICLY RELEASED ITS QUARTERLY FINANCIAL RESULTS (WHICH WILL OCCUR SOMETIME DURING THE PERIOD AUGUST 2, 2012 TO AUGUST 9, 2012), PLEASE CONTACT QLT’S LEGAL DEPARTMENT BEFORE TRADING YOUR
STOCK OR OPTIONS FOLLOWING YOUR DEPARTURE. 
 Securities legislation and regulation are subject to change; the foregoing should
not be relied upon as legal advice.Thirteenth Supplemental Indenture, dated as of November 15, 2011

 Exhibit 4.4 

 
  

 
 AMERICAN INTERNATIONAL GROUP,
INC. 
  
  

Thirteenth Supplemental 
 Indenture 
 Dated as of November 15, 2011  

 
  

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

 
  

THE BANK OF NEW YORK MELLON,  
 as Trustee 
  
  

 

 THIRTEENTH SUPPLEMENTAL INDENTURE, dated as of November 15, 2011 (the “Thirteenth
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 the “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,” and as supplemented by the Fourth Supplemental Indenture, dated as of April 18, 2007, and the Eighth Supplemental Indenture, dated as of December 3, 2010, the “Existing
Indenture”) (the Existing Indenture, as the same may be amended or supplemented from time to time, including by this Thirteenth Supplemental Indenture, the “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; 
 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 as permitted by Sections 201 and 301 of the Existing Indenture without the consent of the holders of the Securities; 
 WHEREAS, Section 201 of the Existing Indenture permits the form of Securities of any additional series of Securities to be established pursuant to an indenture supplemental to the Existing Indenture;

 WHEREAS, Section 301 of the Existing Indenture permits the terms 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 $256,161,000 in aggregate principal amount of its 6.820% Dollar Notes Due November 15, 2037 (the “Notes”); 

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

WHEREAS, pursuant to resolutions of (i) the Board of Directors of the Company adopted at a meeting duly called on September 14,
2010, and (ii) the Finance and Risk Committee of the Board of Directors of the Company adopted at meetings duly called on October 10, 2007 and on October 12, 2011, the Company has duly authorized the execution and delivery of this
Thirteenth Supplemental Indenture to establish the form and terms of the Notes; and 

  
 -2-

 WHEREAS, all things necessary to make this Thirteenth Supplemental Indenture a valid
agreement according to its terms have been done; 
 NOW, THEREFORE, THIS THIRTEENTH 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 Thirteenth Supplemental Indenture constitutes a part of the Indenture (the provisions of which, as modified by this
Thirteenth 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 affects in any manner the terms
and conditions of the Securities of any other series. 
 Section 1.2 Definitions 

For all purposes of this Thirteenth Supplemental Indenture, the capitalized terms used herein (i) which are defined in this
Section 1.2 have the respective meanings assigned hereto in this Section 1.2, and (ii) which are defined in the Existing Indenture (and which are not defined in this Section 1.2) have the respective meanings assigned thereto in
the Existing Indenture. For all purposes of this Thirteenth Supplemental Indenture: 
 (a) all references herein to Articles,
Sections, the preamble or the recitals, unless otherwise specified, refer to the corresponding Articles and Sections of, or the preamble or recitals to, this Thirteenth Supplemental Indenture; 

(b) the terms “herein,” “hereof,” and “hereunder” and words of similar import refer to this Thirteenth
Supplemental Indenture; 
 (c) words in the singular include the plural, and in the plural include the singular; and 

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

“Adjusted Treasury Rate” has the meaning specified in the form of Note contained in Section 2.3. 

  
 -3-

 “Agent Member” means any member of, or participant in, the Depositary. 

“Applicable Procedures” means, with respect to any transfer or transaction involving a Global Note or beneficial interest
therein, the rules and procedures of the Depositary for such Note, to the extent applicable to such transaction and as in effect at the time of such transfer or transaction. 
 “Base Indenture” has the meaning set forth in the recitals. 

“Clearstream” means Clearstream Banking, société anonyme, Luxembourg (or any successor securities clearing
agency). 
 “Company” has the meaning set forth in the preamble. 

“Comparable Treasury Issue” has the meaning specified in the form of Note contained in Section 2.3. 

“Comparable Treasury Price” has the meaning specified in the form of Note contained in Section 2.3. 

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

“Euroclear” means the Euroclear Bank S.A./N.V. (or any successor securities clearing agency), as operator of the Euroclear
system. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time. 

“Exchange Notes” means the notes issued pursuant to the Exchange Offer and their Successor Notes. The Exchange Notes shall be
deemed part of the same series as the Original Notes for which they are exchanged. 
 “Exchange Offer” has the meaning
specified in the form of Note contained in Section 2.2. 
 “Exchange Offer Registration Statement” has the
meaning specified in the form of Note contained in Section 2.2. 
 “Existing Indenture” has the meaning set forth
in the recitals. 

  
 -4-

 “Final Settlement Date” has the meaning set forth in the Form of Note contained in
Section 2.2. 
 “Global Note” means a Note that evidences all or part of the Notes and bears the legend specified
in Section 2.2. The Restricted Global Note, the Regulation S Global Note and the Unrestricted Global Note representing the Notes shall each be a Global Note. 
 “Indenture” has the meaning set forth in the recitals. 
 “Interest
Payment Date” has the meaning specified in the form of Note contained in Section 2.2. 
 “Issue Date” has
the meaning specified in the form of Note contained in Section 2.2. 
 “Notes” has the meaning set forth in the
recitals. 
 “Original Notes” means all Notes other than Exchange Notes and Unrestricted Notes. 

“Primary Treasury Dealer” has the meaning specified in the form of Note contained in Section 2.3. 

“Quotation Agent” has the meaning specified in the form of Note contained in Section 2.3. 

“Reference Treasury Dealer” has the meaning specified in the form of Note contained in Section 2.3. 

“Reference Treasury Dealer Quotations” has the meaning specified in the form of Note contained in Section 2.3. 

“Registration Default” has the meaning specified in the form of Note contained in Section 2.2. 

“Registration Default Period” has the meaning specified in the form of Note contained in Section 2.2. 

“Registration Rights Agreement” has the meaning specified in the form of Note contained in Section 2.2. 

“Regular Record Date” has the meaning specified in the form of Note contained in Section 2.2. 

“Regulation S” means Regulation S under the Securities Act (or any successor provision), as it may be amended from time to
time. 

  
 -5-

 “Regulation S Global Note” has the meaning specified in Section 2.1.

 “Regulation S Legend” means a legend substantially in the form of the legend required in the form of Note set forth
in Section 2.2 to be placed upon each Regulation S Note. 
 “Regulation S Notes” means all Notes required
pursuant to Section 2.6(b) to bear a Regulation S Legend. Such term includes the Regulation S Global Note. 

“Restricted Global Note” has the meaning specified in Section 2.1. 

“Restricted Note” means all Notes required pursuant to Section 2.6(b) to bear any Restricted Notes Legend. Such term
includes the Restricted Global Note. 
 “Restricted Notes Certificate” means a certificate substantially in the form
set forth in Annex A. 
 “Restricted Notes Legend” means a legend substantially in form of the legend
required in the form of Note set forth in Section 2.2 to be placed upon each Restricted Note. 
 “Restricted
Period” means the period of 41 consecutive days beginning on November 15, 2011 or, if additional Notes are issued on or about the Final Settlement Date, the Final Settlement Date. 

“Rule 144A” means Rule 144A under the Securities Act (including any successor rule thereto), as the same may be
amended from time to time. 
 “Rule 144A Notes” means all Notes initially issued by the Company in reliance on the
exemption provided by Section 4(2) of the Securities Act. 
 “Securities” has the meaning specified in the
recitals. 
 “Securities Act” means the Securities Act of 1933, as amended from time to time. 

“Securities Act Legend” means the Restricted Notes Legend and/or the Regulation S Legend. 

“Shelf Registration Statement” has the meaning specified in the form of Note contained in Section 2.2. 

“Special Interest” has the meaning specified in the form of Note contained in Section 2.2. 

“Successor Note” of any particular Note means every Note issued after, and evidencing all or a portion of the same debt as that
evidenced by, such particular Note; and, for the purposes of this definition, any Exchange Note issued in exchange for an 

  
 -6-

 
Original Note shall be deemed a successor Note of such Original Note and any Note authenticated and delivered under Section 304, 305, 306 or 906 of the Existing Indenture in exchange for or
in lieu of a Note shall be deemed to evidence the same debt as the particular Note. 
 “Thirteenth Supplemental
Indenture” has the meaning set forth in the preamble. 
 “Trustee” has the meaning set forth in the preamble.

 “Unrestricted Global Note” means a Global Note that does not contain a Securities Act Legend. The Unrestricted
Global Note will have an initial principal amount of zero. 
 “Unrestricted Note” means any Note represented by the
Unrestricted Global Note. 
 “Unrestricted Notes Certificate” means a certificate substantially in the form set forth
in Annex B. 
 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 Indenture and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the
rules of any securities exchange, or as may, consistent with the Indenture, be determined by the officers executing such Notes, as evidenced by their execution of such Notes. 
 The Trustee’s certificate of authentication shall be in substantially the form set forth in Section 2.4. 
 Upon their original issuance, the Rule 144A Notes and the Regulation S Notes shall be issued in the form of separate Global Notes, registered in the name of the Depositary or its nominee and deposited
with the Trustee, as custodian for the Depositary, for credit by the Depositary to the respective accounts of beneficial owners of the Notes represented thereby (or such other accounts as they may direct). Each such Global Note will constitute a
single Security for all purposes of the Indenture. The Global Notes representing the Rule 144A Notes, together with their Successor Notes which are Global Notes other than Regulation S Global Notes or Unrestricted Global Notes, are collectively
herein called the “Restricted Global Notes.” The Global Notes representing Regulation S Notes, together with their Successor Notes which are Global Notes other than Restricted Global Notes or Unrestricted Global Notes, are collectively
herein called the “Regulation S Global Notes.” 

  
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 Section 2.2 Form of Face 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 A DEPOSITARY
OR A NOMINEE OF A DEPOSITARY. THIS NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A NOTE REGISTERED, AND NO TRANSFER OF THIS NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF,
EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”), A NEW YORK CORPORATION, TO AMERICAN INTERNATIONAL GROUP, INC. OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF CEDE & CO. (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

[INCLUDE IF NOTE IS A RESTRICTED NOTE – THIS NOTE HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED
(THE “SECURITIES ACT”), AND MAY NOT BE SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS NOTE IS HEREBY NOTIFIED THAT THE SELLER OF THIS NOTE MAY BE RELYING ON
THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. 
 THIS NOTE MAY NOT BE
OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (A) (1) TO A PERSON WHO THE TRANSFEROR REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT ACQUIRING FOR ITS OWN ACCOUNT OR
FOR THE ACCOUNT OF ONE OR MORE QUALIFIED INSTITUTIONAL BUYERS IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (2) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER OR (3) OUTSIDE
THE UNITED STATES TO PERSONS OTHER 

  
 -8-

 
THAN U.S. PERSONS, PURSUANT TO THE TERMS AND CONDITIONS OF REGULATION S UNDER THE SECURITIES ACT AND (B) IN ACCORDANCE WITH ALL APPLICABLE SECURITIES LAWS OF THE STATES OF THE UNITED STATES
AND OTHER JURISDICTIONS.] 
 [INCLUDE IF NOTE IS A REGULATION S NOTE – THIS NOTE HAS NOT BEEN REGISTERED UNDER THE
UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, PRIOR TO THE EXPIRATION OF FORTY DAYS FROM THE LATER OF (1) THE DATE ON WHICH THESE NOTES WERE FIRST OFFERED AND (2) THE LAST DATE OF ISSUANCE OF THESE
NOTES, MAY NOT BE OFFERED, SOLD OR DELIVERED IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY U.S. PERSON EXCEPT (A) TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A
UNDER THE SECURITIES ACT) PURCHASING FOR ITS OWN ACCOUNT OR THE ACCOUNT OF ONE OR MORE OTHER QUALIFIED INSTITUTIONAL BUYERS IN ACCORDANCE WITH RULE 144A, OR (B) IN AN OFFSHORE TRANSACTION COMPLYING WITH RULE 903 OR 904 OF REGULATION S. THE
HOLDER HEREOF, BY PURCHASING THIS SECURITY, REPRESENTS AND AGREES FOR THE BENEFIT OF THE ISSUER THAT IT WILL NOTIFY ANY PURCHASER OF THIS SECURITY FROM IT OF THE RESALE RESTRICTIONS REFERRED TO ABOVE.] 

EACH PURCHASER AND TRANSFEREE OF THIS NOTE BY ITS ACCEPTANCE HEREOF REPRESENTS THAT EITHER (A) IT IS NOT ACQUIRING THE NOTE WITH THE
ASSETS OF (1) ANY “EMPLOYEE BENEFIT PLAN” SUBJECT TO TITLE I OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), INDIVIDUAL RETIREMENT ACCOUNT OR OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975 OF
THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR ANY ENTITY WHOSE UNDERLYING ASSETS INCLUDE “PLAN ASSETS” WITHIN THE MEANING OF ERISA BY REASON OF THE INVESTMENT BY SUCH PLANS OR ACCOUNTS THEREIN OR (2) ANY
GOVERNMENTAL OR NON-U.S. PLAN SUBJECT TO ANY FEDERAL, STATE, LOCAL, NON-U.S. OR OTHER LAWS OR REGULATIONS THAT ARE SIMILAR TO SUCH PROVISIONS OF THE CODE OR ERISA (COLLECTIVELY, “SIMILAR LAWS”) OR (B) THE ACQUISITION AND HOLDING OF
SUCH NOTE DOES NOT CONSTITUTE A NON-EXEMPT PROHIBITED TRANSACTION UNDER ERISA, THE CODE, OR ANY SIMILAR LAWS. SUCH HOLDER FURTHER REPRESENTS AND COVENANTS THAT THROUGHOUT THE PERIOD IT HOLDS NOTES, THE FOREGOING REPRESENTATIONS SHALL BE TRUE.

 THIS NOTE AND ANY RELATED DOCUMENTATION MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME TO MODIFY THE RESTRICTIONS ON
RESALES AND OTHER TRANSFERS OF THIS NOTE TO 

  
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REFLECT ANY CHANGE IN APPLICABLE LAW OR REGULATION (OR THE INTERPRETATION THEREOF) OR IN PRACTICES RELATING TO THE RESALE OR TRANSFER OF RESTRICTED SECURITIES GENERALLY. THE HOLDER OF THIS NOTE
SHALL BE DEEMED BY THE ACCEPTANCE OF THIS NOTE TO HAVE AGREED TO ANY SUCH AMENDMENT OR SUPPLEMENT. 
 AMERICAN INTERNATIONAL
GROUP, INC.  
 6.820% DOLLAR NOTES DUE NOVEMBER 15, 2037 

 

			
	 No.
                        
 CUSIP No.: [026874 CE5 (144A)/U02687 CJ5 (Reg. S)]
	  	$                    

 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 Cede & Co., or its registered assigns, the principal sum of
                     Dollars ($            ) on November 15,
2037, and to pay interest thereon from November 15, 2011, or from the most recent Interest Payment Date (as defined below) to which interest has been paid or duly provided for, semiannually in arrears on each May 15 and November 15
(each such date, an “Interest Payment Date”), commencing on May 15, 2012 at the rate of 6.820% 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 May 1 or November 1 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for (such interest, “Defaulted
Interest”) 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 shall be computed on the basis of a 360-day year comprised of twelve 30-day months. 

In the event that an Interest Payment Date is not a Business Day, the Company shall pay interest on the next day that is a 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

  
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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. 

[INCLUDE IF NOTE IS ORIGINAL NOTE – Pursuant to the Exchange and Registration Rights Agreement, dated as of November 15,
2011 (the “Registration Rights Agreement”), by and among the Company and the Dealer Managers listed therein, the Company has agreed for the benefit of the Holders from time to time of this Note that it will (i) file under the
Securities Act, no later than 270 days after November 15, 2011 (the “Final Settlement Date”), a registration statement (the “Exchange Offer Registration Statement”) relating to an offer to exchange this Note for a new
debt security having terms substantially identical to this Note but that is registered under the Securities Act (the “Exchange Offer”), (ii) use its commercially reasonable efforts to cause the Exchange Offer Registration Statement to
become effective under the Securities Act no later than 360 days following the Final Settlement Date and (iii) use its commercially reasonable efforts to commence and complete the Exchange Offer promptly, but no later than 30 days
after the Exchange Offer Registration Statement has become effective; provided, however, that if on or prior to the time the Exchange Offer is completed, existing interpretations of the Securities and Exchange Commission or the staff thereof
are changed such that this Note is not or would not be, upon receipt under the Exchange Offer, transferable by the Holder of this Note (other than a “Restricted Holder” as defined in the Registration Rights Agreement) without restriction
under the Securities Act, the Company has agreed to file under the Securities Act no later than 360 days after November 15, 2011 (the “Issue Date”), a “shelf” registration statement providing for the registration of and
the sale on a continuous or delayed basis by the Holder of this Note (such registration statement, the “Shelf Registration Statement”) and to use its commercially reasonable efforts to cause the Shelf Registration Statement to become
effective no later than 30 days after the Shelf Registration Statement is filed. 
 In the event that (i) the Exchange
Offer has not been completed within 390 days after the Issue Date, (ii) a Shelf Registration Statement is required to be filed and is not effective within 390 days of the Issue Date, or (iii) the Exchange Offer Registration
Statement or, if applicable, the Shelf Registration Statement is filed and declared effective but shall thereafter either be withdrawn by the Company or shall become subject to a stop order, except as permitted by the Registration Rights Agreement,
in each case (i) through (iii) upon the terms and conditions set forth in the Registration Rights Agreement (each such event referred to in clauses (i) through (iii), a “Registration Default” and each period during which a
Registration Default has occurred and is continuing, until the earlier of such time as no Registration Default is in effect or the second anniversary of the Issue Date, a “Registration Default Period”), then special interest (“Special
Interest”) will accrue (in addition to the stated interest on this Note) at a per annum rate of 0.25% for the first 90 days of the Registration Default Period and shall increase by 0.25% per annum at the end of the 90-day period;
provided that in no event 

  
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shall Special Interest accrue at a rate in excess of 0.50% per annum in the aggregate. In the case of a Registration Default, the Company’s only obligation under the Registration Rights
Agreement is to pay Special Interest. Accrued Special Interest, if any, shall be paid in cash in arrears on each Interest Payment Date for the Notes; and the amount of accrued Special Interest shall be determined on the basis of the number of days
actually elapsed.] 
 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 Borough of Manhattan, The City of New York, 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.

 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. 

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

			
	AMERICAN INTERNATIONAL GROUP, INC.
		
	By: 	 	 
		 	

 [SEAL] 
 Attest: 
  

	
	  
	

 Section 2.3 Form of 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 6.820%
Dollar Notes Due November 15, 2037, 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 Thirteenth Supplemental Indenture, dated as of November 15, 2011 (as so supplemented, the “Indenture,” which term shall have the meaning assigned to it in such
instrument), 

  
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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 and delivered. This Note is one of the series designated on the face hereof. 
 The Notes of
this series are subject to redemption at any time, in 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 the greater of
(i) 100% of the principal amount to be redeemed, together with accrued and unpaid interest to the Redemption Date, and (ii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of
principal and interest thereon (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the
Adjusted Treasury Rate plus 50 basis points, plus accrued and unpaid interest to the Redemption Date. 
 The definitions of
certain terms used in the paragraph above are listed below. 
 “Adjusted Treasury Rate” means, with respect to any
Redemption Date, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming 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. 
 “Comparable Treasury Issue” means the U.S. Treasury security
selected by the Quotation Agent as having a maturity comparable to the remaining term of the Notes 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 the Notes. 
 “Comparable Treasury Price” means, with
respect to any Redemption Date, the average of the Reference Treasury Dealer Quotations for such Redemption Date. 

“Quotation Agent” means AIG Markets, Inc. or any other firm appointed by the Company, acting as quotation agent for the Notes.
Any successor or substitute Quotation Agent may be an Affiliate of the Company. 
 “Reference Treasury Dealer” means
each of Barclays Bank Inc., Deutsche Bank Securities Inc., Goldman, Sachs & Co. and J.P. Morgan Securities LLC or the respective successor of any of them; provided, however, that if any of the foregoing shall cease to be a
primary U.S. government securities dealer in the United States (a “Primary Treasury Dealer”), the Company shall substitute therefor another Person that is a Primary Treasury Dealer; and (ii) any other Primary Treasury Dealer selected
by the Quotation Agent after consultation with the Company. 

  
 -13-

 “Reference Treasury Dealer Quotations” means with respect to each Reference
Treasury Dealer and any Redemption Date, the average, as determined by the Quotation Agent, 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
Quotation Agent by such Reference Treasury Dealer at 3:30 p.m. on the third Business Day preceding such Redemption Date. 
 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. 

The Indenture contains provisions for defeasance at any time of the entire indebtedness of this Note or certain restrictive covenants and
Events of Default with respect to this Note, in each case upon compliance with certain conditions set forth in the Indenture. 

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 

  
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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 hereon on or after the respective due dates expressed herein.

 Unless the context otherwise requires, the Original Notes (as defined in the Indenture) and the Exchange Notes (as defined in
the Indenture) shall constitute one series for all purposes under the Indenture, including without limitation, amendments, waivers and redemptions. 
 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, 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 $150,000
and any multiple 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. 

  
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 All terms used in this Note which are defined in the Indenture shall have the meaning
assigned to them in the Indenture. 
 Section 2.4 Form of Trustee’s Certificate of Authentication of the Notes

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

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

 

			
	 THE BANK OF NEW YORK MELLON
 As Trustee

		
	By: 	 	 
		 	Authorized Signatory

 Section 2.5 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 “6.820% Dollar Notes Due
November 15, 2037.” 
 (b) Aggregate Principal Amount. The aggregate principal amount of the Notes that may be
authenticated and delivered under this Thirteenth Supplemental Indenture is initially limited to $256,161,000, except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes issued
pursuant to Section 304, 305, 306, 906 or 1107 of the Existing Indenture or Article Two of this Thirteenth Supplemental Indenture. The Company may, without the consent of the Holders of the Notes, issue additional notes having the same ranking,
interest rate, Stated Maturity, CUSIP and ISIN numbers and terms as to status, redemption or otherwise as the Notes, 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. 
 (c) Interest and Maturity. The Stated Maturity of the Notes shall
be November 15, 2037 and the Notes shall bear interest and have such other terms as are described in the form of Note set forth in Sections 2.2 and 2.3. 
 (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 set forth in Section 2.3. 

  
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 (e) Defeasance. The Notes shall be subject to the defeasance and discharge provisions
of Section 1302 of the Existing Indenture and the defeasance of certain obligations and certain events of default provisions of Section 1303 of the Existing Indenture. 

(f) Denominations. The Notes shall be issuable only in fully registered form without coupons and only in denominations of $150,000
and multiples of $1,000 in excess thereof. 
 (g) Exchange Notes. Unless the context otherwise requires, the Original
Notes and the Exchange Notes issued in exchange for such Original Notes shall constitute one series for all purposes under the Indenture, including without limitation, amendments, waivers and redemptions. All Exchange Notes issued upon any exchange
of the Original Notes shall be valid obligations of the Company, evidencing the same debt, and be entitled to the same benefits under the Indenture, as the Original Notes surrendered upon such exchange. Subject to the second paragraph of
Section 307 of the Existing Indenture, each Exchange Note delivered in exchange for an Original Note shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such Original Note. 

(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, dated as of December 3, 2010, shall apply to the Notes. 

(j) Depositary. With respect to Notes issuable or issued in whole or in part in the form of one or more Global Notes, the
Depositary shall be DTC, for so long as it shall be a clearing agency registered under the Exchange Act, or such successor (which shall be a clearing agency registered under the Exchange Act) as the Company shall designate from time to time in an
Officers’ Certificate delivered to the Trustee. 
 Section 2.6 Transfer and Exchanges; Securities Act Legends

 (a) Certain Transfers and Exchanges. Transfers and exchanges of Notes and beneficial interests in a Global Note
shall be made only in accordance with this Section 2.6(a). 
 (i) Restricted Global Note to
Regulation S Global Note or Unrestricted Global Note. If the owner of a beneficial interest in the Restricted Global Note wishes to transfer such interest to a Person who wishes to acquire the same in the form of a beneficial interest in
the Regulation S Global Note or the Unrestricted Global Note, such transfer may be effected only in accordance with the provisions of this Section 2.6(a)(i) and subject to the Applicable Procedures.

  
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Upon receipt by the Trustee, as Security Registrar, of (i) an order given by the Depositary or its authorized representative directing that a beneficial interest in the Regulation S
Global Note or Unrestricted Global Note in a specified principal amount be credited to a specified Agent Member’s account and that a beneficial interest in the Restricted Global Note in an equal amount be debited from the same or another
specified Agent Member’s account and (ii) an Unrestricted Notes Certificate, satisfactory to the Company and duly executed by the Holder of such Restricted Global Note or his attorney duly authorized in writing, then the Trustee, as
Security Registrar, shall reduce the principal amount of such Restricted Global Note and increase the principal amount of the Regulation S Global Note or the Unrestricted Global Note by such specified principal amount, provided that if
the transfer is to occur during the Restricted Period, then such Person will take delivery in the form of a Regulation S Global Note. 
 (ii) Regulation S Global Note to Restricted Global Note. If during the Restricted Period, the owner of a beneficial interest in the Regulation S Global Note wishes to transfer such interest to
a Person who wishes to acquire the same in the form of a beneficial interest in the Restricted Global Note, such transfer may be effected only in accordance with this Section 2.6(a)(ii) and subject to the Applicable Procedures. Upon receipt by
the Trustee, as Security Registrar, of (i) an order given by the Depositary or its authorized representative directing that a beneficial interest in the Restricted Global Note in a specified principal amount be credited to a specified Agent
Member’s account and that a beneficial interest in the Regulation S Global Note in an equal principal amount be debited from the same or another specified Agent Member’s account and (ii) a Restricted Notes Certificate, satisfactory to
the Company and duly executed by the Holder of such Regulation S Global Note or his attorney duly authorized in writing, then the Trustee, as Security Registrar, shall reduce the principal amount of such Regulation S Global Note and increase the
principal amount of the Restricted Global Note by such specified principal amount. 
 (iii) Regulation S
Global Note to be Held Through Euroclear or Clearstream During Restricted Period. The Company shall use its best efforts to cause the Depositary to ensure that, until the expiration of the Restricted Period, beneficial interests in the
Regulation S Global Note may be held only in or through accounts maintained at the Depositary by Euroclear and Clearstream (or by Agent Members acting for the account thereof), and no person shall be entitled to effect any transfer or exchange
that would result in any such interest being held otherwise than in or through such an account; provided that this Section 2.6(a)(iii) shall not prohibit any transfer or exchange of such an interest in accordance with
Section 2.6(a)(ii) above. 
 (iv) Global Note to 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 

  
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registered, in the name of any Person other than the Depositary for such Global Note or a nominee thereof unless (A) such Depositary has notified the Company that it is unwilling or unable
or no longer permitted under applicable law to continue as Depositary for such Global Note and the Company does not appoint another institution to act as Depositary within 90 days, (B) there shall have occurred and be continuing an Event of
Default with respect to such Global Note, or (C) the Company so directs the Trustee by a Company Order. 
 (b)
Securities Act Legends. Rule 144A Notes and their Successor Notes (other than Unrestricted Global Notes) shall bear the Restricted Notes Legend, and Regulation S Notes and their Successor Notes (other than Unrestricted Global Notes)
shall bear the Regulation S Legend. 
 ARTICLE THREE 

MISCELLANEOUS 

Section 3.1 Relationship to Existing Indenture 
 This Thirteenth Supplemental Indenture is a supplemental indenture within the meaning of the Existing Indenture. The Existing Indenture, as supplemented and amended by this Thirteenth 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 Thirteenth 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 Thirteenth 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 Thirteenth Supplemental Indenture other than its certificates of authentication. 

  
 -19-

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

			
	AMERICAN INTERNATIONAL GROUP, INC.
		
	By 	 	/s/ Brian T. Schreiber
		 	 Name: Brian T. Schreiber

Title: Executive Vice President and Treasurer

 Attest: 
  

	
	
	/s/ Jeffrey A. Welikson
	

  

			
	 THE BANK OF NEW YORK MELLON, 
 as Trustee

		
	By 	 	/s/ Sherma Thomas
		 	 Name: Sherma Thomas
 Title:
Senior Associate

 [Signature Page to Thirteenth Supplemental Indenture] 

 ANNEX A — Form of 
 Restricted Notes Certificate 
 RESTRICTED NOTES CERTIFICATE 

The Bank of New York Mellon 
 101 Barclay
Street, Floor 8 West 
 New York, New York 10286 
 Attn: Corporate Trust Administration 
  

	 	Re:	6.820% Dollar Notes Due November 15, 2037 of American International Group, Inc. (the “Notes”) 

Reference is made to the Indenture, dated as of October 12, 2006, between American International Group, Inc. (the
“Company”) and The Bank of New York Mellon, as Trustee, as supplemented (the “Indenture”). Terms used herein and defined in the Indenture or in Rule 144A under the U.S. Securities Act of 1933, as amended (the
“Securities Act”), are used herein as so defined. 
 This certificate relates to U.S.
$                 principal amount of Notes, which are evidenced by the following certificate(s) (the “Specified Securities”): 

CUSIP No(s). [026874 CE5 (144A)/U02687 CJ5 (Reg. S)] 
 ISIN [US026874CE59 (144A)/USU02687CJ55 (Reg. S)] 
 COMMON CODE 

CERTIFICATE No(s).
                             
 The person in whose name this certificate is executed below (the “Undersigned”) hereby certifies that (i) it is the sole beneficial owner of the Specified Securities, (ii) it is acting
on behalf of all the beneficial owners of the Specified Securities and is duly authorized by them to do so or (iii) it is the Holder of a Global Note and has received a certification to the effect set forth below. Such beneficial owner or
owners are referred to herein collectively as the “Owner.” If the Specified Securities are represented by a Global Note, they are held through the Depositary or an Agent Member in the name of the Undersigned, as or on behalf of the Owner.
If the Specified Securities are not represented by a Global Note, they are registered in the name of the Undersigned, as or on behalf of the Owner. 
 The Owner has requested that the Specified Securities be transferred to a person (the “Transferee”) who will take delivery in the form of a Restricted Global Note. In connection with such
transfer, the Owner hereby certifies that, unless such transfer is 

  
 A-1

 
being effected pursuant to an effective registration statement under the Securities Act, it is being effected in accordance with Rule 144A under the Securities Act and all applicable
securities laws of the states of the United States and other jurisdictions. Accordingly, the Owner hereby further certifies as follows: 
 (A) the Specified Securities are being transferred to a person that the Owner and any person acting on its behalf reasonably believe is a “qualified institutional buyer” within the meaning of
Rule 144A, acquiring for its own account or for the account of a qualified institutional buyer; and 
 (B)
the Owner and any person acting on its behalf have taken reasonable steps to ensure that the Transferee is aware that the Owner may be relying on Rule 144A in connection with the transfer. 

This certificate and the statements contained herein are made for your benefit and the benefit of the Company. 

Dated: 
  

			
	(Print the name of the Undersigned, as such term is defined in the third paragraph of this certificate.)
		
	By: 	 	 
		 	 Name:

Title:

	
	(If the Undersigned is a corporation, partnership or fiduciary, the title of the person signing on behalf of the Undersigned must be stated.)

  
 A-2

 ANNEX B — Form of 
 Unrestricted Notes Certificate 
 UNRESTRICTED NOTES CERTIFICATE 

The Bank of New York Mellon 
 101 Barclay
Street, Floor 8 West 
 New York, New York 10286 
 Attn: Corporate Trust Administration 
  

	 	Re:	6.820% Dollar Notes Due November 15, 2037 of American International Group, Inc. (the “Notes”) 

Reference is made to the Indenture, dated as of October 12, 2006, between American International Group, Inc. (the
“Company”) and The Bank of New York Mellon, as Trustee, as supplemented (the “Indenture”). Terms used herein and defined in the Indenture or in Regulation S, Rule 144 or Rule 144A under the U.S. Securities Act of 1933,
as amended (the “Securities Act”), are used herein as so defined. 
 This certificate relates to U.S.
$                 principal amount of Notes, which are evidenced by the following certificate(s) (the “Specified Securities”): 

CUSIP No(s). [026874 CE5 (144A)/U02687 CJ5 (Reg. S)] 
 ISIN [US026874CE59 (144A)/USU02687CJ55 (Reg. S)] 
 COMMON CODE 

CERTIFICATE No(s).
                                 

The person in whose name this certificate is executed below (the “Undersigned”) hereby certifies that (i) it is the sole
beneficial owner of the Specified Securities, (ii) it is acting on behalf of all the beneficial owners of the Specified Securities and is duly authorized by them to do so or (iii) it is the Holder of a Global Note and has received a
certification to the effect set forth below. Such beneficial owner or owners are referred to herein collectively as the “Owner.” If the Specified Securities are represented by a Global Note, they are held through the Depositary or an Agent
Member in the name of the Undersigned, as or on behalf of the Owner. If the Specified Securities are not represented by a Global Note, they are registered in the name of the Undersigned, as or on behalf of the Owner. 

The Owner has requested that the Specified Securities be transferred to a person (the “Transferee”) who will take delivery in
the form of a Regulation S Global Note (if certification is given during the Restricted Period pursuant to paragraph (1) below) or an Unrestricted Global Note (if certification is given (a) after the Restricted Period pursuant to paragraph
(1) or (b) pursuant to paragraph (2)). In connection with such transfer, the 

  
 B-1

 
Owner hereby certifies or has certified that, unless such transfer is being effected pursuant to an effective registration statement under the Securities Act, it is being effected in accordance
with Rule 904 of Regulation S or Rule 144 under the Securities Act and all applicable securities laws of the states of the United States and other jurisdictions. Accordingly, the Owner hereby further certifies or has certified as
follows: 
 (1) Rule 904 Transfers. If the transfer is being effected in accordance with Rule 904 of
Regulation S: 
 (A) the Owner is not a Distributor of the Securities, an affiliate of the Company or any
such Distributor or a person acting on behalf of any of the foregoing; 
 (B) the offer of the Specified
Securities was not made to a person in the United States or for the account or benefit of a U.S. Person; 
 (C)
either: 
 (i) at the time the buy order was originated, the Transferee was outside the United States or the
Owner and any person acting on its behalf reasonably believed that the Transferee was outside the United States, or 
 (ii) the transaction is being executed in, on or through the facilities of the Eurobond market, as regulated by the International Securities Market Association or another designated offshore securities
market and neither the Owner nor any person acting on its behalf knows that the transaction has been prearranged with a buyer in the United States; 
 (D) no directed selling efforts have been made in the United States by or on behalf of the Owner or any affiliate thereof; 

(E) if the Owner is a dealer in securities or has received a selling concession, fee or other remuneration in respect of
the Specified Securities, and the transfer is to occur during the Restricted Period, then the requirements of Rule 904(b)(1) have been satisfied; and 
 (F) the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act; 
 provided that if the transfer is to occur during the Restricted Period, then the Transferee will take delivery in the form of a Regulation S Global Note. 

(2) Rule 144 Transfers. If the transfer is being effected pursuant to Rule 144: 

(A) the transfer is occurring after a holding period of at least six months has elapsed since the Specified Securities
were last acquired from the Company or from an affiliate of the Company, whichever is later, and is being effected in accordance the requirements of Rule 144; and 

(B) if the transfer is occurring prior to the first anniversary of the date of issuance of the Specified Securities, the
Company is, and has been for a period of at least 90 days immediately before the transfer, subject to the reporting requirements of section 13 or 15(d) of the Securities Exchange Act of 1934. 

  
 B-2

 This certificate and the statements contained herein are made for your benefit and the
benefit of the Company. 
 Dated: 
  

			
	(Print the name of the Undersigned, as such term is defined in the third paragraph of this certificate.)
		
	By: 	 	 
		 	 Name:

Title:

	
	(If the Undersigned is a corporation, partnership or fiduciary, the title of the person signing on behalf of the Undersigned must be stated.)

  
 B-3

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