Document:

Exhibit 4.6

 

 

COREBRIDGE FINANCIAL, INC.

 

 

 

Fifth Supplemental

 

Indenture

 

Dated as of April 5, 2022

 

 

 

(Supplemental to Indenture Dated as of April 5, 2022)

 

 

 

THE BANK OF NEW YORK MELLON

as Trustee

 

 

     

     

    

 

FIFTH
SUPPLEMENTAL INDENTURE, dated as of April 5, 2022 (the “Fifth Supplemental Indenture”), between Corebridge Financial, 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 Trustee, an Indenture, dated as of April 5, 2022 (the “Existing Indenture”), providing for the issuance
from time to time of the Company’s unsecured debt securities, debentures, notes, bonds or other evidences of indebtedness (herein
and therein called the “Securities”), to be issued in one or more series; and the Existing Indenture, as may be amended or
supplemented from time to time, including by this Fifth Supplemental Indenture, is hereinafter referred to as the “Indenture”;

 

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

 

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

 

WHEREAS, the Company has authorized the issuance
of $500,000,000 in aggregate principal amount of its 4.350% Senior Notes due 2042 (the “Notes”);

 

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

 

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

 

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

 

NOW, THEREFORE, THIS FIFTH 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 Fifth Supplemental Indenture constitutes a
part of the Indenture (the provisions of which, as modified by this Fifth 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 Fifth 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 Fifth Supplemental Indenture:

 

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

 

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

 

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

 

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

 

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

 

“Original Issue Date” means April 5, 2022.

 

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

 

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

 

“Representatives” means J.P Morgan Securities LLC
and Citigroup Global Markets Inc., acting as representatives of the several initial purchasers under the Purchase Agreement, dated March 31,
2022, between the Company and the Representatives.

 

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

 

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

 

“Securities Act” means the Securities Act of 1933,
as amended.

 

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

 

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 Fifth Supplemental Indenture and may have such letters, numbers or other marks of identification and
such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or Depositary
thereto, or as may, consistent with the Existing Indenture and this Fifth 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 the 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.

 

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	Section 2.2	Form of Notes

 

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

 

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

 

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

 

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

 

Dated:

 

	 	THE BANK OF NEW YORK MELLON.
	 	As Trustee

 

		By:	

	 	                    Authorized Signatory

 

	Section 2.4	Title and Terms

 

Pursuant to Sections 2.01 and 3.01 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 “4.350% Senior Notes due 2042.”

 

(b)            Aggregate
Principal Amount. The aggregate principal amount of the Notes that may be authenticated and delivered under this Fifth Supplemental
Indenture is initially limited to $500,000,000 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 3.04, 3.05, 3.06, 9.06, 11.07 or 12.03 of the Existing 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, CUSIP and ISIN numbers 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.

 

(c)            Interest
and Maturity. The Stated Maturity of the Notes shall be April 5, 2042 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 Fifth 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 Fifth Supplemental Indenture. Notice of redemption shall
be transmitted not less than 5 Business Days 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.

 

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(e)            Defeasance.
The Notes shall be subject to the defeasance and discharge provisions of Section 13.02 of the Existing Indenture and the defeasance
of certain obligations and certain events of default provisions of Section 13.03 of the Existing Indenture.

 

(f)            Denominations.
The Notes shall be issuable only in fully registered form without coupons and only in denominations of $2,000 and multiples of $1,000
in excess thereof.

 

(g)            Authentication
and Delivery. The Notes shall be executed, authenticated, delivered and dated in accordance with Section 3.03 of the Existing
Indenture.

 

(h)            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 The Depository
Trust Company, for so long as it shall be a clearing agency registered under the Exchange Act, or such successor (which shall be a clearing
agency registered under the Exchange Act) as the Company shall designate from time to time in an Officers’ Certificate delivered
to the Trustee.

 

	Section 2.5	Exchanges of Global Note for Non-Global Note

 

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

 

	Section 2.6	Restricted Legend

 

(a)            Except
as otherwise provided in paragraph (d) of this Section 2.6, or Section 2.5, each Note shall bear the legend set forth in
Section 2.04 of the Existing Indenture and the Restricted Legend and any temporary Global Security authenticated and delivered for
any Notes offered and sold in offshore transactions in reliance on Regulation S shall bear the Temporary Regulation S Legend. Following
the expiration of the distribution compliance period set forth in Regulation S with respect to any temporary Global Securities, beneficial
interests in such temporary Global Securities shall be exchanged for one or more permanent Global Securities.

 

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

 

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

 

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

 

	Section 2.7	Exchange Offer

 

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

 

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ARTICLE Three

 

MISCELLANEOUS

 

	Section 3.1	Relationship to Existing Indenture

 

This Fifth Supplemental Indenture is a supplemental
indenture within the meaning of the Existing Indenture. The Existing Indenture, as supplemented and amended by this Fifth 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 Fifth 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 Fifth 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. Receipt by telecopy or electronic mail of any executed signature page to this instrument shall constitute
effective delivery of such signature page. Electronic signatures may be used in lieu of signatures affixed by hand, and such electronic signature shall
have the same validity and effect as signatures affixed by hand.

 

	Section 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 Fifth Supplemental Indenture other than its certificates of authentication.

 

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In
Witness Whereof, the parties hereto have caused this Fifth Supplemental Indenture to be duly executed all as of the day and year
first above written.

 

	 	COREBRIDGE FINANCIAL, INC.

 

		By:	/s/ Elias Habayeb

	 	Name: Elias Habayeb
	 	Title: Executive Vice President and Chief Financial Officer

 

	 	THE BANK OF NEW YORK MELLON,

as Trustee

 

		By:	/s/
                                            Francine Kincaid

	 	Name: Francine Kincaid
	 	Title: Vice President

 

[Signature Page to Fifth 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 A DEPOSITARY OR A NOMINEE THEREOF. THIS NOTE MAY NOT BE
EXCHANGED IN WHOLE OR IN PART FOR A NOTE REGISTERED, AND NO TRANSFER OF THIS NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN
THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

 

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

 

Temporary Regulation S Legend

 

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

 

Restricted Legend

 

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

 

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

 

     

     

    

 

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

 

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

 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DTC, A NEW YORK CORPORATION, TO COREBRIDGE FINANCIAL, INC. OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE
OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF CEDE & CO. (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

     

     

    

 

COREBRIDGE FINANCIAL, INC.

 

4.350%
SENIOR NOTES DUE 2042

 

No. [●]

CUSIP No.: [●]

ISIN No.: [●]

 

COREBRIDGE FINANCIAL, INC., a corporation duly
organized and existing under the laws of Delaware (herein called the “Company,” which term includes any successor Person under
the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or its registered assigns,
the principal sum of [●] Dollars ($[●]) on [●], and to pay interest thereon from April 5, 2022 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
April 5 and October 5 (each such date, an “Interest Payment Date”), commencing on October 5, 2022, at the rate
of 4.350% 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 March 20
or September 20 (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 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,” 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 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.

 

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, which shall initially be the Corporate Trust Office, 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, facsimile or electronic 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:

 

	 	COREBRIDGE FINANCIAL, INC.

 

		By:	

	 	Name:
	 	Title:

 

     

     

    

 

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

 

     

     

    

 

 

[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 4.350% Senior Notes due 2042, issued and to be issued in one
or more series under an Indenture, dated as of April 5, 2022 (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 and delivered. This Note is one of the
series designated on the face hereof.

 

Prior to October 5, 2041 (the “Par Call
Date”), the Company may redeem the Notes of this series at its option, in whole or in part, at any time and from time to time, upon
not less than 5 Business Days nor more than 60 days’ notice given as provided in the Indenture, at a Redemption Price equal to the
greater of:

 

(a)            (i) the
sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming
the Note matures on the Par Call Date) on a semi-annual basis at the Treasury Rate plus 30 basis points (ii) interest accrued to
the Redemption Date; and

 

(b)            100%
of the principal amount,

 

plus, in either case, accrued and unpaid interest thereon
to the Redemption Date.

 

On or after the Par Call Date, the Company may redeem
the Notes, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the
Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date.

 

The definitions of certain terms used in the paragraph
above are listed below.

 

“Treasury Rate” means, with respect to
any Redemption Date, the yield determined by the Company in accordance with the following two paragraphs.

 

The Treasury Rate shall be determined by the Company
after 4:15 p.m., New York City time (or after such time as yields on U.S. government securities are posted daily by the Board of Governors
of the Federal Reserve System), on the third business day preceding the Redemption Date based upon the yield or yields for the most recent
day that appear after such time on such day in the most recent statistical release published by the Board of Governors of the Federal
Reserve System designated as “Selected Interest Rates (Daily) - H.15” (or any successor designation or publication) (“H.15”)
under the caption “U.S. government securities—Treasury constant maturities—Nominal” (or any successor caption
or heading).

 

In determining the Treasury Rate, the Company shall
select, as applicable: (1) the yield for the Treasury constant maturity on H.15 exactly equal to the period from the Redemption Date
to the Par Call Date (the “Remaining Life”); or (2) if there is no such Treasury constant maturity on H.15 exactly equal
to the Remaining Life, the two yields — one yield corresponding to the Treasury constant maturity on H.15 immediately shorter than
and one yield corresponding to the Treasury constant maturity on H.15 immediately longer than the Remaining Life — and shall interpolate
to the Par Call Date on a straight-line basis (using the actual number of days) using such yields and rounding the result to three decimal
places; or (3) if there is no such Treasury constant maturity on H.15 shorter than or longer than the Remaining Life, the yield for
the single Treasury constant maturity on H.15 closest to the Remaining Life. For purposes of this paragraph, the applicable Treasury constant
maturity or maturities on H.15 shall be deemed to have a maturity date equal to the relevant number of months or years, as applicable,
of such Treasury constant maturity from the Redemption Date.

 

     

     

    

 

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

 

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

 

In the event of redemption of definitive Notes in
part only, a new definitive 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 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 written request to the Trustee to institute proceedings in respect of such
Event of Default as Trustee and offered the Trustee indemnity reasonably satisfactory to the Trustee, 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.

 

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 reasonably 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 $2,000 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.

 

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

 

The Indenture and this Note shall be governed by
and construed in accordance with the law of the State of New York.

 

     

     

    

 

ASSIGNMENT FORM

 

To assign this Note, fill in the form below:

 

I or we assign and transfer this Note to

 

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

 

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

 

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

 

 

	Date:		 	Your Signature:	

 

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

 

Signature Guarantee*:

 

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

 

     

     

    

 

CERTIFICATE TO BE DELIVERED UPON EXCHANGE 

OR REGISTRATION OF TRANSFER RESTRICTED NOTES

 

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

 

The undersigned (check one box below):

 

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

 

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

 

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

 

CHECK ONE BOX BELOW

 

		(1)	 ̈	to
                                            the Issuer or subsidiary thereof; or
	 	 	 	 
		(2)	 ̈	under
                                            a registration statement that has been declared effective under the Securities Act of 1933,
                                            as amended (the “Securities Act”); or
	 	 	 	 
		(3)	 ̈ 	for
                                            so long as the Notes are eligible for resale under Rule 144A, to a person seller reasonably
                                            believes is a qualified institutional buyer that is purchasing for its own account or the
                                            account of another qualified buyer that is purchasing for its own account or for the account
                                            of another qualified institutional buyer and to whom notice is given that the transfer is
                                            being made in reliance on Rule 144A; or
	 	 	 	 
		(4)	 ̈	through
                                            offers and sales to non-U.S. persons that occur outside the United States within the meaning
                                            of Regulation S under the Securities Act; or
	 	 	 	 
		(5)	 ̈	under
                                            any other available exemption from the registration requirements of the Securities Act.

 

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

 

     

     

    

 

	 	 
	 	Your Signature

 

Signature of Signature Guarantee

 

	Date:	 	 

  

	 	 
	 	Signature of Signature Guarantor

   

 

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

 

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

 

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

  

Signature Guarantee*:

  

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

 

[TO BE ATTACHED TO GLOBAL NOTES]

 

     

     

    

 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE

 

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

 

	
    Date of

 Exchange
	
    Amount of 

decrease in 

Principal

Amount of this 

Global Note
	
    Amount of

 increase in

 Principal 

Amount
    of this 

Global Note
	
    Principal 

amount of this 

Global Note
    

following such 

decrease or 

increase
	
    Signature of 

authorized 

signatory
    of

 U.S. Trustee or 

CustodianExhibit 4.7

 

 

COREBRIDGE FINANCIAL, INC.

 

 

______________

 

Sixth Supplemental

Indenture

 

Dated
as of April 5, 2022

 

 

______________

(Supplemental to Indenture Dated as of April 5, 2022)

______________

 

 

THE BANK OF NEW YORK MELLON

as Trustee

 

 

     

     

    

 

SIXTH
SUPPLEMENTAL INDENTURE, dated as of April 5, 2022 (the “Sixth Supplemental Indenture”), between Corebridge Financial, 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 Trustee, an Indenture, dated as of April 5, 2022 (the “Existing Indenture”), providing for the issuance from
time to time of the Company’s unsecured debt securities, debentures, notes, bonds or other evidences of indebtedness (herein and
therein called the “Securities”), to be issued in one or more series; and the Existing Indenture, as may be amended or supplemented
from time to time, including by this Sixth Supplemental Indenture, is hereinafter referred to as the “Indenture”;

 

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

 

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

 

WHEREAS,
the Company has authorized the issuance of $1,250,000,000 in aggregate principal amount of its 4.400% Senior Notes due 2052 (the
 “Notes”);

 

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

 

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

 

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

 

NOW, THEREFORE, THIS SIXTH 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 Sixth Supplemental Indenture constitutes a
part of the Indenture (the provisions of which, as modified by this Sixth 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 Sixth 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 Sixth Supplemental Indenture:

 

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

 

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

 

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

 

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

 

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

 

“Original Issue Date” means April 5, 2022.

 

    -2-

     

    

 

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

 

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

 

“Representatives” means J.P Morgan Securities LLC
and Citigroup Global Markets Inc., acting as representatives of the several initial purchasers under the Purchase Agreement, dated March
31, 2022, between the Company and the Representatives.

 

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

 

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

 

“Securities Act” means the Securities Act of 1933,
as amended.

 

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

 

 

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 Sixth Supplemental Indenture and may have such letters, numbers or other marks of identification and such
legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or Depositary thereto, or
as may, consistent with the Existing Indenture and this Sixth 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 the 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.

 

    -3-

     

    

 

		Section	2.2          
                                            Form of Notes

 

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

 

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

 

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

 

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

 

Dated:

 

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

 

		Section	2.4          
Title and Terms

 

Pursuant to Sections 2.01 and 3.01 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 “4.400% Senior Notes due 2052.”

 

(b)              
Aggregate Principal Amount. The aggregate principal amount of the Notes that may be authenticated and delivered under this
Sixth Supplemental Indenture is initially limited to $1,250,000,000 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 3.04, 3.05, 3.06, 9.06, 11.07 or 12.03 of the Existing
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, CUSIP and ISIN numbers 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.

 

(c)              
Interest and Maturity. The Stated Maturity of the Notes shall be April 5, 2052 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 Sixth Supplemental Indenture.

 

    -4-

     

    

 

(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 Sixth Supplemental Indenture. Notice of
redemption shall be transmitted not less than 5 Business Days 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.

 

(e)              
Defeasance. The Notes shall be subject to the defeasance and discharge provisions of Section 13.02 of the Existing Indenture
and the defeasance of certain obligations and certain events of default provisions of Section 13.03 of the Existing Indenture.

 

(f)               
Denominations. The Notes shall be issuable only in fully registered form without coupons and only in denominations of $2,000
and multiples of $1,000 in excess thereof.

 

(g)              
Authentication and Delivery. The Notes shall be executed, authenticated, delivered and dated in accordance with Section
3.03 of the Existing Indenture.

 

(h)              
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 The Depository Trust Company, for so long as it shall be a clearing agency registered under the Exchange Act, or such successor
(which shall be a clearing agency registered under the Exchange Act) as the Company shall designate from time to time in an Officers’
Certificate delivered to the Trustee.

 

		Section	2.5          
Exchanges of Global Note for Non-Global Note

 

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

 

		Section	2.6          
Restricted Legend

 

(a)               Except
as otherwise provided in paragraph (d) of this Section 2.6, or Section 2.5, each Note shall bear the legend set forth in Section
2.04 of the Existing Indenture and the Restricted Legend and any temporary Global Security authenticated and delivered for any Notes
offered and sold in offshore transactions in reliance on Regulation S shall bear the Temporary Regulation S Legend. Following the
expiration of the distribution compliance period set forth in Regulation S with respect to any temporary Global Securities,
beneficial interests in such temporary Global Securities shall be exchanged for one or more permanent Global Securities.

 

    -5-

     

    

 

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

 

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

 

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

 

 

		Section	2.7          
Exchange Offer

 

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

 

    -6-

     

    

 

ARTICLE
Three

MISCELLANEOUS

 

		Section	3.1          
Relationship to Existing Indenture

 

This Sixth Supplemental Indenture is a supplemental
indenture within the meaning of the Existing Indenture. The Existing Indenture, as supplemented and amended by this Sixth 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 Sixth 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 Sixth 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. Receipt by telecopy or electronic mail of any executed signature page to this instrument shall constitute effective
delivery of such signature page. Electronic signatures may be used in lieu of signatures affixed by hand, and such electronic signature shall
have the same validity and effect as signatures affixed by hand.

 

		Section	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 Sixth Supplemental Indenture other than its certificates of authentication.

 

    -7-

     

    

 

In
Witness Whereof, the parties hereto have caused this Sixth Supplemental Indenture to be duly executed all as of the day and year
first above written.

 

	 	COREBRIDGE FINANCIAL, INC.
	 	 
	 	 
	 	By: 	/s/ Elias Habayeb
	 	Name: Elias Habayeb
	 	Title: Executive Vice President and Chief Financial Officer
	 	 
	 	 
	 	THE BANK OF NEW YORK MELLON,

as Trustee
	 	 
	 	 
	 	By: 	/s/ Francine
    Kincaid
	 	Name: Francine Kincaid
	 	Title: Vice President

 

[Signature Page to Sixth
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 A DEPOSITARY OR A NOMINEE THEREOF. THIS NOTE MAY NOT BE EXCHANGED
IN WHOLE OR IN PART FOR A NOTE REGISTERED, AND NO TRANSFER OF THIS NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON
OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

 

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

 

Temporary Regulation S Legend

 

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

 

Restricted Legend

 

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

 

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

 

     

     

    

 

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

 

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

 

     

     

    

 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DTC, A NEW YORK CORPORATION, TO COREBRIDGE FINANCIAL, INC. OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR
PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF CEDE & CO. (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

     

     

    

 

COREBRIDGE
FINANCIAL, INC.

4.400% SENIOR NOTES DUE 2052

 

No. [●]

CUSIP No.: [●] 

ISIN No.: [●]

 

COREBRIDGE FINANCIAL, INC., a corporation duly organized
and existing under the laws of Delaware (herein called the “Company,” which term includes any successor Person under the Indenture
hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or its registered assigns, the principal sum of
[●] Dollars ($[●]) on [●], and to pay interest thereon from April 5, 2022 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 April 5 and October 5 (each such
date, an “Interest Payment Date”), commencing on October 5, 2022, at the rate of 4.400% 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 March 20 or September 20 (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 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,” 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 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.

 

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, which shall initially be the Corporate Trust Office, 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, facsimile or electronic 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:

 

	 	COREBRIDGE FINANCIAL, INC.
	 	 
	 	 
	 	By: 	                       
	 	 	Name:
	 	 	Title:

 

     

     

    

 

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

 

     

     

    

 

 

[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 4.400% Senior Notes due 2052, issued and to be issued in one
or more series under an Indenture, dated as of April 5, 2022 (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 and delivered. This Note is one of the
series designated on the face hereof.

 

Prior to October 5, 2051 (the “Par Call Date”),
the Company may redeem the Notes of this series at its option, in whole or in part, at any time and from time to time, upon not less than
5 Business Days nor more than 60 days’ notice given as provided in the Indenture, at a Redemption Price equal to the greater of:

 

(a)              
(i) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption
Date (assuming the Note matures on the Par Call Date) on a semi-annual basis at the Treasury Rate plus 30 basis points (ii) interest accrued
to the Redemption Date; and

 

(b)              
100% of the principal amount,

 

plus, in either case, accrued and unpaid
interest thereon to the Redemption Date.

 

On or after the Par Call Date, the Company may redeem
the Notes, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the
Notes being redeemed plus accrued and unpaid interest thereon to the Redemption Date.

 

The definitions of certain terms used in the paragraph
above are listed below.

 

“Treasury Rate” means, with respect to
any Redemption Date, the yield determined by the Company in accordance with the following two paragraphs.

 

The Treasury Rate shall be determined by the Company
after 4:15 p.m., New York City time (or after such time as yields on U.S. government securities are posted daily by the Board of Governors
of the Federal Reserve System), on the third business day preceding the Redemption Date based upon the yield or yields for the most recent
day that appear after such time on such day in the most recent statistical release published by the Board of Governors of the Federal
Reserve System designated as “Selected Interest Rates (Daily) - H.15” (or any successor designation or publication) (“H.15”)
under the caption “U.S. government securities—Treasury constant maturities—Nominal” (or any successor caption
or heading).

 

In determining the Treasury Rate, the Company
shall select, as applicable: (1) the yield for the Treasury constant maturity on H.15 exactly equal to the period from the
Redemption Date to the Par Call Date (the “Remaining Life”); or (2) if there is no such Treasury constant maturity on
H.15 exactly equal to the Remaining Life, the two yields — one yield corresponding to the Treasury constant maturity on H.15
immediately shorter than and one yield corresponding to the Treasury constant maturity on H.15 immediately longer than the Remaining
Life — and shall interpolate to the Par Call Date on a straight-line basis (using the actual number of days) using such yields
and rounding the result to three decimal places; or (3) if there is no such Treasury constant maturity on H.15 shorter than or
longer than the Remaining Life, the yield for the single Treasury constant maturity on H.15 closest to the Remaining Life. For
purposes of this paragraph, the applicable Treasury constant maturity or maturities on H.15 shall be deemed to have a maturity date
equal to the relevant number of months or years, as applicable, of such Treasury constant maturity from the Redemption Date.

 

    

     

    

 

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

 

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

 

In the event of redemption of definitive Notes in
part only, a new definitive 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 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 written request to the Trustee to institute proceedings in respect of such
Event of Default as Trustee and offered the Trustee indemnity reasonably satisfactory to the Trustee, 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.

 

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 reasonably 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 $2,000 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.

 

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

 

The Indenture and this Note shall be governed by
and construed in accordance with the law of the State of New York.

 

    

     

    

 

ASSIGNMENT FORM

 

To assign this Note, fill in the form below:

 

I or we assign and transfer this Note to

 

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

 

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

 

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

 

 

	Date:	 	 	Your Signature:	 
	Sign exactly as your name appears on the other side of this Note.	 

 

	Signature Guarantee*:	 

 

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

 

    

     

    

 

CERTIFICATE TO BE DELIVERED UPON EXCHANGE

OR REGISTRATION OF TRANSFER RESTRICTED
NOTES

 

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

 

The undersigned (check one box below):

 

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

 

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

 

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

 

CHECK ONE BOX BELOW

 

		(1)	 ̈	 to the Issuer or subsidiary thereof; or

 

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

 

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

 

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

 

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

 

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

 

    

     

    

 

	 	 

	 	Your Signature

	 	 

	Signature of Signature Guarantee	 

 

	Date:	 	 
	 	 	 
	 	 	 

	 	Signature of Signature Guarantor

 

 

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

 

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

 

Dated:

 

	 	 

	 	NOTICE: To be executed by an executive officer

 

	 	Name:
	 	Title:

 

Signature Guarantee*:

 

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

 

[TO BE ATTACHED TO GLOBAL NOTES]

 

    

     

    

 

SCHEDULE OF INCREASES OR DECREASES
IN GLOBAL NOTE

 

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

 

	Date of 

Exchange	 	Amount of 

decrease in

 Principal

 Amount of this 

Global Note	 	Amount of 

increase in 

Principal 

Amount of this

 Global Note	 	Principal 

amount of this

 Global Note

 following such 

decrease or

 increase	 	Signature of 

authorized 

signatory of

 U.S. Trustee or

 Custodian

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