Document:

EX-10.1

 Exhibit 10.1 
  

 
 June 18, 2020 
 Donna M.
Titzman 
 4215 Chisos Lane 
 San Antonio, Texas, 78261 

Dear Donna: 
 By mutual agreement and in connection with your
retirement from the Company and our desire to ensure an orderly transition, this letter (“Letter”) outlines the terms relating to your transition. 

1.    Succession and Transition 

(a)     In connection with your retirement and the Chief Financial Officer succession process, you will continue to serve
as the Chief Financial Officer of the Company until July 15, 2020 (the “Succession Date”) and will continue your employment until August 1, 2020 (the “Retirement Date”), and upon the Retirement Date, your
employment with the Company will terminate. From the date hereof through the Succession Date, in addition to your customary duties and responsibilities, you will cooperate with the succession and transition process as reasonably requested in order
to ensure a smooth transition. Following the Succession Date through the Retirement Date, you will be available as reasonably requested by the Company to assist with transition matters. 

(b)    In reliance upon Section 2(b) of this Letter, this Letter shall serve as the Company’s acceptance of your
resignation as an officer of the Company and as an officer, employee, manager and director of, and any similar position you hold with, any of the Company’s subsidiaries or affiliates, effective on the Succession Date, and as an employee of the
Company effective on the Retirement Date. 
 2.    Compensation 

(a)    During the period from the date hereof through the Retirement Date, you will continue to be eligible to receive
compensation and benefits on the same basis as provided to you prior to the date hereof. 
 (b)    Upon the Retirement
Date, provided only that you have executed and have not revoked the Supplemental Release (as defined in Exhibit 1 to the Separation Agreement and Release (“Separation Agreement”) attached hereto as Exhibit A), you will
be entitled to receive the payments provided in Section 1 of the Separation Agreement. 
  
 

 

 

 
 This Letter, including Exhibit A, represents our entire understanding with respect to the matters set forth herein
and supersedes all prior oral or written agreements or understandings with respect thereto, and will be construed and enforced pursuant to the laws of the State of Texas, without regard to the conflict of law provisions of any state which would
provide for the application of the laws of any state other than the State of Texas. 
 If you agree that this Letter, including Exhibit A, accurately
represents our understanding, please sign and return this Letter, which will become a binding agreement on our receipt. 
  

			
	Very truly yours,
	
	VALERO ENERGY CORPORATION
		
	By:	 	 /s/ Julia Rendon Reinhart

		 	Julia Rendon Reinhart
		 	SVP Human Resources & Administration

  

	
	 Accepted and agreed:

	
	 /s/ Donna M. Titzman

	 Donna M. Titzman

  
 

 

 EXHIBIT A 

SEPARATION AGREEMENT AND RELEASE 
 This
Separation Agreement and Release (“Agreement”) is made this 18th day of June 2020 by and between Donna Titzman (“Employee”) and Valero Energy Corporation (“Valero” or the “Company”). Employee and Valero,
intending to be legally bound, agree as follows: 
  

	1.	 SEVERANCE PAY 

The Company agrees to employ Employee as the Chief Financial Officer of the Company until July 15, 2020 (the “Succession Date”)
and to continue Employee’s employment until August 1, 2020 (the “Retirement Date”). Employee agrees her employment with the Company will terminate on the Retirement Date. From the date this Agreement is executed through the
Retirement Date (the “Succession Period”), the Company agrees to maintain the rate of pay applicable to Employee as were in effect as of June 15, 2020. 

Provided Employee signs the supplemental release that is attached as Exhibit 1 to this Agreement (“Supplemental Release”)
after the Retirement Date and does not revoke within seven (7) days of signing the Supplemental Release, the Company agrees to pay Employee $5,087,320.00, less applicable wage withholding. The Company agrees to make such payment to Employee in
one (1) lump sum within fifteen (15) days after the Supplemental Release becomes effective. 
  

	2.	 RELEASE OF CLAIMS 

Except as otherwise provided herein, Employee hereby releases and discharges Valero and each of its past, present, and future parent,
subsidiary, or otherwise affiliated companies (including, but not limited to Valero Services, Inc.) successors, and assigns, and all of its and their past, present, and future officers, directors, agents, administrators, trustees, insurers,
successors, employees, fiduciaries, and employee benefit plans (collectively the “Valero Releasees”) from any and all claims, rights, demands, actions, obligations and causes of action of any and every kind, nature, and character, whether
known or unknown, that Employee may now have or have ever had up to and including the date this Agreement was executed. 
 This release
includes, without limitation, claims arising under any of the federal or state statutes referenced below, any other federal, state, or local law, or any regulation; all claims at common law; all entitlement to damages, wages, expenses,
attorneys’ fees, or relief of any kind (whether sought by me or an agency on my behalf); and all claims concerning the terms and conditions of Employee’s employment with Valero and its affiliated companies, concerning anything that
happened to Employee or that arose while Employee was an employee of Valero or its affiliated companies, or concerning the termination of Employee’s employment with Valero or its affiliated companies. 

This release also includes, without limitation, contract claims (whether express or implied), tort claims, claims for wrongful discharge,
claims under Title VII of the Civil Rights Act of 1964, as amended; the Civil Rights Act of 1991, as amended; the Civil Rights Act of 1866; the Equal Pay Act; the Pay Transparency Act; the Family Medical Leave Act, as amended; the Genetic
Information Nondiscrimination Act of 2008; the Lilly Ledbetter Fair Pay Act of 

  
 1 

 
2009; the Americans With Disabilities Act, as amended; the Rehabilitation Act of 1973, as amended; the Fair Labor Standards Act; the Worker Adjustment and Retraining Notification Act; the
Employee Retirement Income Security Act, as amended; the Age Discrimination in Employment Act, as amended by the Older Worker Benefit Protection Act (except any claims arising after the date Employee executes this Agreement); the retaliation
provisions of the Texas Workers’ Compensation Act; Section 21.001 et seq. of the Texas Labor Code, claims for attorney’s fees, litigation expenses and/or costs; and any other claim arising under similar state, federal or local law.

 Notwithstanding anything to the contrary herein, this Agreement does not supersede, replace, amend or waive any rights or claims or
causes of action Employee may have under any insurance policy or coverage or any agreement of indemnity, defense, or fee or cost advancement arising from or related in any way to Employee’s service as an officer, director, manager, or employee
of Valero or any Valero Releasee. 
 In addition, and notwithstanding anything to the contrary herein, this Agreement does not supersede,
amend or waive any rights or claims or causes of action Employee may have under any retirement plan, including without limitation the Valero Energy Corporation Pension Plan, Supplemental Executive Retirement Plan, health or dental plan, any
Restricted Stock Agreement, the Valero Energy Corporation 2011 Omnibus Stock Incentive Plan, or any rights Employee may have as a Valero shareholder. 
  

	3.	 TAXES 

Employee and Valero agree to be responsible for all withholding, reporting, and income tax payments for which they are responsible in respect
to the consideration paid under this Agreement, including those taxes imposed by federal, state, county, and municipal jurisdictions. Consistent with the forgoing, the Company may withhold from amounts payable under this Agreement all federal,
state, local, and foreign taxes that are required to be withheld by applicable laws or regulations. 
  

	4.	 RETIREMENT 

Employee acknowledges that, by executing this agreement, Employee is effectively resigning from the Company and all positions as an officer or
director with the Company. The Company represents and agrees that Employee, by meeting the criteria for retirement under the Valero Energy Corporation Pension Plan upon her Retirement Date, will be considered a retiree of the Company for purposes of
(a) the Company-sponsored retirement and health and welfare plans, subject to the terms and conditions of the relevant plans as they may be amended from time to time, (b) the outstanding stock options held by Employee, which will remain
outstanding and exercisable in accordance with the terms of the applicable incentive plans and award agreements, and (c) the outstanding restricted stock awards held by Employee (which were previously taxed), which awards will vest in full on
the Retirement Date in accordance with the terms of the applicable incentive plans and award agreements. Employee acknowledges that 
 Employee is not
eligible for retirement treatment with respect to Employee’s outstanding Performance Shares, which will be forfeited on the Retirement Date. 

  
 2 

	5.	 NONADMISSION OF LIABILITY 

Neither the payment of any Consideration nor any agreements made or referenced in this Agreement are to be understood as an admission of
wrongdoing or liability by the Company. 
  

	6.	 COOPERATION WITH THE COMPANY 

Employee agrees to cooperate with the Company and its representatives, as reasonably requested by the Company, by responding to questions,
attending meetings, depositions, administrative proceedings and court hearings, executing documents and cooperating with the Company and its legal counsel with respect to business issues and/or claims and litigation of which Employee has personal or
corporate knowledge as long as such cooperation does not unreasonably interfere with Employee’s responsibility with or to a subsequent employer. It shall be the sole responsibility of the Company, or its representative, to identify and
request of me the specific tasks, meetings, communications or involvement in similar activities for which the Company seeks Employee’s cooperation. Employee is not authorized to unilaterally undertake such activities without request by the
Company or its representative, and is, in fact, expressly prohibited from doing so. Employee agrees to communicate with any party adverse to the Company, or with a representative, agent or legal counsel for any such party, concerning any such
pending or future claims or litigation or administrative hearing solely through legal counsel for the Company. The Company also agrees to pay all my reasonable expenses incurred at the Company’s request while providing assistance to the
Company in connection with the terms of this Section. The payments to be made to me under this Agreement are in part in consideration for Employee’s agreement to provide occasional, de minimis cooperation with the Company in
connection with the requirements set forth herein. In the event that Employee’s cooperation is requested for more than a de minimis time commitment, the Company will compensate Employee for the time she reasonably and actually
spends at the Company’s request at a rate equal to $370/hour. In the event that Employee reasonably deems it in her interest to retain personal legal counsel in conjunction with a legal matter about which the Company seeks her cooperation, the
Company agrees to pay for the reasonable fees incurred by Employee in connection with such representation. 
  

	7.	 CONFIDENTIALITY AND NON-DISPARAGEMENT 

Employee understands this Agreement is confidential, and agrees she has not, may not, and will not disclose the existence or terms of this
Agreement (including any amounts paid in consideration of this Agreement) to any third party, except that Employee may disclose the terms of this Agreement to Employee’s spouse, personal attorney, accountant, wealth management advisor, and tax
advisor, provided Employee instructs such person that the information is confidential and not to be disclosed. 
 Employee and the Company
agree not to, directly or indirectly, engage in communications or conduct that disparages the other (including disparagement by Employee of the Company’s officers, directors, representatives, or employees to the extent that such statement 

  
 3 

 
refers to such individual’s work for or association with the Company). Employee and the Company further agree not to make any negative statements about the business, products, employees,
work performance or employment/compensation /benefit practices of the other. Nothing in this Agreement shall be construed to prevent Employee from filing a Charge of Discrimination with the Equal Employment Opportunity Commission or other federal,
state or local agency, or from participating in any manner in an investigation or proceeding with the Equal Employment Opportunity Commission or other federal, state or local agency, although Employee agrees that Employee is not entitled to recover
any damages, costs, fees or other personal relief from the Company in any such proceeding. 
 Further, Employee understands nothing in this
Agreement prohibits Employee from reporting possible violations of federal, state or local law or regulation to any governmental agency or entity, including but not limited to the Department of Justice, the Securities and Exchange Commission, the
Congress, and any agency Inspector General, or making other disclosures that are protected under the whistleblower provisions of federal, state or local law or regulation. Employee does not need the prior authorization of the Company to make
any such reports or disclosures and is not required to notify the Company that Employee has made such reports or disclosures. 
  

	8.	 PROPRIETARY INFORMATION AND TRADE SECRETS 

Employee agrees that as an employee of the Company, Employee had access to and may have become informed of confidential, proprietary, and trade
secret information of the Company. Employee agrees to keep in strict confidence and not directly or indirectly disclose or use any confidential, proprietary, or trade secret information of the Company unless required by law or court order. 

 

	9.	 RETURN OF COMPANY MATERIALS 

As of my Retirement Date, Employee will have returned all Company property (keys, credit cards, identifications, computers, etc.) and
information, including manuals or other materials created by the Company, any related company or entity, or any customer, which directly or indirectly relates to the business of the Company. 

 

	10.	 CONSULTATION WITH AN ATTORNEY; UNDERSTANDING OF AGREEMENT 

NOTICE: COMPANY HEREBY ADVISES EMPLOYEE, IN WRITING, TO CONSULT WITH AN ATTORNEY PRIOR TO EXECUTING THIS AGREEMENT. 

I have been advised to consult with an attorney prior to executing this Agreement. In signing this Agreement, I have relied on my own judgment
and/or the advice of my attorney, and not on any statement or representation of the Company. I understand the terms and conditions of this Agreement, agree to abide by it, and voluntarily execute it without any reservation. I understand this
Agreement is a full and final release of any and all claims that I may have against the Company, outlined in the Section 3 above. 

  
 4 

	11.	 NON-ASSIGNMENT 

I represent I have not assigned, pledged, sold, transferred, or otherwise conveyed any right, claim, or interest that I may have in any matters
released herein. 
  

	12.	 ARBITRATION AND GOVERNING LAW 

I agree and understand that any disputes arising out of this Agreement shall be resolved using the Company’s Dialogue Dispute Resolution
Program (“Dialogue”), which includes binding arbitration. 
 The validity, construction, interpretation, and administration of
this Agreement shall be controlled and governed by the substantive laws of the State of Texas. 
  

	13.	 SEVERABILITY 

I agree that if any provision of this Agreement is declared invalid or unenforceable by a court of competent jurisdiction or by an arbitrator
in a proceeding under Dialogue, then such provision will be modified only to the extent necessary to cure such invalidity, with a view to enforcing the parties’ intention as set forth in this Agreement to the extent permissible. All remaining
provisions of this Agreement shall not be affected thereby and shall remain in full force and effect. 
  

	14.	 CODE SECTION 409A 

This Agreement is intended to comply, and shall be administered consistently in all respects, with Section 409A of the Internal Revenue
Code of 1986, as amended (“Code”), and any regulations and additional guidance promulgated thereunder, to the extent applicable. In this connection, Valero shall have authority to take any action, or refrain from taking any action, with
respect to this Agreement that is reasonably necessary to ensure compliance with Code Section 409A (provided that Valero shall choose the action that best preserves the value of the payments and benefits provided to me under this Agreement that
is consistent with Code Section 409A), and the parties agree that this Agreement shall be interpreted in a manner that is consistent with Code Section 409A. In furtherance, but not in limitation of the foregoing: (a) in no event may I
designate, directly or indirectly, the calendar year of any payment to be made hereunder; (b) as I am a “specified employee” within the meaning of Code Section 409A, payments which constitute a “deferral of
compensation” under Code Section 409A and which would otherwise become due during the first six (6) months following my separation of employment shall be delayed and all such delayed payments shall be paid in full in the seventh (7th) month after the Retirement Date, provided that the above delay shall not apply to any payment that is excepted from coverage by Code Section 409A, such as a payment covered by the short-term
deferral exception described in Treasury Regulations Section 1.409A-1(b)(4); (c) notwithstanding any other provision of this Agreement, my termination, resignation or retirement of my employment
hereunder, shall mean, and be interpreted consistent with, a “separation from service” within the meaning of Code Section 409A, and “Retirement Date”, or similar terms, for purposes of determining the date that any payment
or benefit is required to be provided hereunder, shall be deemed to mean the date of my separation from service within the 

  
 5 

 
meaning of Code Section 409A; and (d) with respect to any reimbursement of fees and expenses, or similar payments, including gross-up payments,
or any in-kind benefits, the following shall apply: (i) the amount of expenses eligible for reimbursement hereunder, or in-kind benefits to which I am entitled
hereunder, in any particular year shall not affect the expenses eligible for reimbursement or in-kind benefits in any other year; (ii) the right to reimbursement of expenses or in-kind benefits shall not be subject to liquidation or exchange for any other benefit; and (iii) the reimbursement of an eligible expense or a payment shall be made on or before the last day of the calendar
year following the calendar year in which the expense was incurred or the payment was remitted, as the case may be. 
  

	15.	 ENTIRE AGREEMENT 

Employee agrees this Agreement constitutes the entire agreement, covenant, and consideration with the Company related to the subject matter. By way of
clarification and not limitation, and notwithstanding anything to the contrary herein, this Agreement does not supersede, replace, amend or waive any rights or claims or causes of action Employee may have under any insurance policy or coverage or
any agreement of indemnity, defense, or fee or cost advancement arising from or related in any way to Employee’s service as an officer, director, manager, or employee of Valero or any Valero Releasee. In addition, and notwithstanding anything
to the contrary herein, this Agreement does not supersede, amend or waive any rights Employee may have under any retirement plan, including without limitation the Valero Energy Corporation Pension Plan, health or dental plan, any Restricted Stock
Agreement, the Valero Energy Corporation 2011 Omnibus Stock Incentive Plan, the Valero Energy Corporation Supplemental Executive Retirement Plan, or any rights Employee may have as a Valero shareholder. Employee has not relied upon any other
consideration, covenant, promise, or agreement not contained in this document. 

  
 6 

	16.	 ACCEPTANCE OF THE AGREEMENT 

Employee understands she may take up to twenty-one (21) days following the date of her receipt of
this Agreement, to decide whether to accept it. Employee may accept this Agreement within the twenty-one (21) day period by signing the Agreement, but is not required to do so. Employee further
understands that if Employee fails to deliver an original executed copy of this Agreement to: 
 Valero 

Human Resources 
 Attn: Julia
Reinhart 
 One Valero Way 
 San
Antonio, Texas, 78249 
 within this twenty-one (21) day period, the Agreement will not be considered or
accepted by the Company and Employee will not be entitled to the Consideration set forth in Section 1. 
  

	17.	 REVOCATION OF THE AGREEMENT 

Employee understands Employee may revoke this Agreement within seven (7) days following the date Employee executes it by delivering a
written notice of revocation to Julia Reinhart prior to the expiration of such seven (7) day revocation period. Employee further understands that this Agreement shall not become effective or enforceable until that revocation period expires
without revocation. If, after the seven (7) day revocation period, Employee has not revoked the Agreement, Employee understands the Agreement will be effective and enforceable on the eighth
(8th) day after this Agreement is signed (“Effective Date”). 

[Remainder of page left intentionally blank] 

  
 7 

 EXECUTED on the 18th day of June, 2020 

 

			
	By	 	 /s/ Donna M. Titzman

		 	Donna Titzman

  

			
	THE STATE OF TEXAS	  	§
		  	§
	COUNTY OF BEXAR	  	§

 BEFORE ME, the undersigned authority, on this day personally appeared Donna M. Titzman known by me
to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed. 

SUBSCRIBED AND SWORN TO before me on June 18, 2020. 

(SEAL) 
  

	
	 /s/ Sandy Trevizo

	Notary Public in and for
	The State of Texas
	
	 Sandy Trevizo

	Printed Name of Notary
	
	My Commission Expires: 9-19-21

 ACCEPTED on the 18th day of June, 2020. 

 

			
	By	 	 /s/ Julia Rendon Reinhart

		 	Julia Rendon Reinhart
		 	SVP HR and Administration
		 	Valero

  
 8 

 EXHIBIT 1 

SUPPLEMENTAL RELEASE OF CLAIMS 

This Supplemental Release of Claims is executed on this      day of August, 2020 in consideration of and in conjunction
with that certain Separation Agreement and Release (“Separation Agreement”) by and between Donna Titzman (“Employee”) and Valero Energy Corporation (“Valero” or the “Company”). Employee, for good and valuable
consideration and intending to be legally bound, agrees as follows: 
 This release of claims is executed after the Retirement Date (as
defined in the Separation Agreement). 
 Except as otherwise provided herein, Employee hereby releases and discharges Valero and each of its
past, present, and future parent, subsidiary, or otherwise affiliated companies (including, but not limited to Valero Services, Inc.) successors, and assigns, and all of its and their past, present, and future officers, directors, agents,
administrators, trustees, insurers, successors, employees, fiduciaries, and employee benefit plans (collectively the “Valero Releases”) from any and all claims, rights, demands, actions, obligations and causes of action of any and every
kind, nature, and character, whether known or unknown, that Employee may now have or have ever had up to and including the Retirement Date (as defined in the Separation Agreement). 

This release includes, without limitation, claims arising under any of the federal or state statutes referenced below, any other federal,
state, or local law, or any regulation; all claims at common law; all entitlement to damages, wages, expenses, attorneys’ fees, or relief of any kind (whether sought by me or an agency on my behalf); and all claims concerning the terms and
conditions of Employee’s employment with Valero or its affiliated entities, concerning anything that happened to Employee or that arose while Employee was an employee of Valero, or any of its affiliated entities concerning the termination of
Employee’s employment with Valero or any of its affiliated entities. 
 This release also includes, without limitation, contract claims
(whether express or implied), tort claims, claims for wrongful discharge, claims under Title VII of the Civil Rights Act of 1964, as amended; the Civil Rights Act of 1991, as amended; the Civil Rights Act of 1866; the Equal Pay Act; the Pay
Transparency Act; the Family Medical Leave Act, as amended; the Genetic Information Nondiscrimination Act of 2008; the Lilly Ledbetter Fair Pay Act of 2009; the Americans With Disabilities Act, as amended; the Rehabilitation Act of 1973, as amended;
the Fair Labor Standards Act; the Worker Adjustment and Retraining Notification Act; the Employee Retirement Income Security Act, as amended; the Age Discrimination in Employment Act, as amended by the Older Worker Benefit Protection Act (except any
claims arising after the date Employee executes this Agreement); the retaliation provisions of the Texas Workers’ Compensation Act; Section 21.001 et seq. of the Texas Labor Code, claims for attorney’s fees, litigation expenses and/or
costs; and any other claim arising under similar state, federal or local law. 
 Notwithstanding anything to the contrary herein, this
Agreement does not supersede, replace, amend or waive any rights or claims or causes of action Employee may have under any 

 
insurance policy or coverage or any agreement of indemnity, defense, or fee or cost advancement arising from or related in any way to Employee’s service as an officer, director, manager, or
employee of Valero or any Valero Releasee. 
 In addition, and notwithstanding anything to the contrary herein, this Agreement does not
supersede, amend or waive any rights or claims or causes of action Employee may have under any retirement plan, including without limitation the Valero Energy Corporation Pension Plan, the Valero Energy Corporation Supplemental Executive Retirement
Plan, health or dental plan, any Restricted Stock Agreement, the Valero Energy Corporation 2011 Omnibus Stock Incentive Plan, or any rights Employee may have as a Valero shareholder. 

Employee understands she may take up to twenty-one (21) days following the Retirement Date, to
decide whether to accept it. Employee may accept this Agreement within the twenty-one (21) day period by signing the Agreement, but is not required to do so. Employee further understands that if Employee
fails to deliver an original executed copy of this Agreement to: 
 Valero 

Human Resources 
 Attn: Julia
Reinhart 
 One Valero Way 
 San
Antonio, Texas, 78249 
 within this twenty-one (21) day period, the Agreement will not be considered or
accepted by the Company and Employee will not be entitled to the Consideration set forth in Section 1. 

	18.	 REVOCATION OF THE AGREEMENT 

Employee understands Employee may revoke this Agreement within seven (7) days following the date Employee executes it by delivering a
written notice of revocation to Julia Reinhart prior to the expiration of such seven (7) day revocation period. Employee further understands that this Agreement shall not become effective or enforceable until that revocation period expires
without revocation. If, after the seven (7) day revocation period, Employee has not revoked the Agreement, Employee understands the Agreement will be effective and enforceable on the eighth
(8th) day after this Agreement is signed (“Effective Date”). 
 EXECUTED on
the      day of                         , 2020 

 

			
	 By
	 	  

		 	Donna Titzman

  

			
	THE STATE OF TEXAS	  	§
		  	§
	COUNTY OF BEXAR	  	§

 BEFORE ME, the undersigned authority, on this day personally appeared
                                         known by
me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed. 

SUBSCRIBED AND SWORN TO before me on
                                         
   , 2020. 
 (SEAL) 
  

	
	  

	Notary Public in and for
	The State of Texas
	
	  

	Printed Name of Notary

 My Commission
Expires:EX-4.2

 Exhibit 4.2 

 
  

GENERAL MOTORS FINANCIAL COMPANY, INC., 

AS ISSUER 
  

 
 2.750% SENIOR
NOTES DUE 2025 
 3.600% SENIOR NOTES DUE 2030 
  

 
 THIRTY-EIGHTH
SUPPLEMENTAL INDENTURE 
 Dated as of June 22, 2020 

to 
 INDENTURE 

Dated as of October 13, 2015 
  

 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

AS TRUSTEE 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE 1 DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	 
		
	 Section 1.01 Definitions
	  	 	1	 
	 Section 1.02 Incorporation by Reference of Trust Indenture Act
	  	 	6	 
	 Section 1.03 Rules of Construction
	  	 	6	 
	 Section 1.04 Relationship with Base Indenture
	  	 	6	 
		
	 ARTICLE 2 THE NOTES
	  	 	6	 
		
	 Section 2.01 Establishment, Form and Dating
	  	 	6	 
	 Section 2.02 Registrar and Paying Agent
	  	 	7	 
		
	 ARTICLE 3 REDEMPTION OF NOTES
	  	 	7	 
		
	 Section 3.01 Optional Redemption
	  	 	7	 
	 Section 3.02 Mandatory Redemption
	  	 	7	 
		
	 ARTICLE 4 COVENANTS
	  	 	8	 
		
	 Section 4.01 Liens
	  	 	8	 
	 Section 4.02 Corporate Existence
	  	 	8	 
		
	 ARTICLE 5 DEFEASANCE
	  	 	8	 
		
	 ARTICLE 6 NO GUARANTEES
	  	 	8	 
		
	 ARTICLE 7 MISCELLANEOUS
	  	 	8	 
		
	 Section 7.01 Governing Law
	  	 	8	 
	 Section 7.02 Successors
	  	 	9	 
	 Section 7.03 Severability
	  	 	9	 
	 Section 7.04 Counterpart Originals
	  	 	9	 
	 Section 7.05 Table of Contents, Headings, Etc.
	  	 	9	 

  

  
 i 

 This THIRTY-EIGHTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”),
dated as of June 22, 2020, between General Motors Financial Company, Inc., a Texas corporation (the “Company”), and Wells Fargo Bank, National Association, as trustee (the “Trustee”). 

WHEREAS, the Company has heretofore executed and delivered to the Trustee an indenture, dated as of October 13, 2015 (as amended or
supplemented to the date hereof, the “Base Indenture” and, together with this Supplemental Indenture, the “Indenture), between the Company and the Trustee, providing for the issuance by the Company from time to time of
one or more series of Securities; 
 WHEREAS, the Company has duly authorized the execution and delivery of this Supplemental Indenture to
provide for the issuance of (i) its 2.750% senior notes due 2025 (the “2025 Notes”) and (ii) its 3.600% senior notes due 2030 (the “2030 Notes” and, together with the 2025 Notes, the
“Notes”); 
 WHEREAS, the Company desires and has requested the Trustee to join with it in the execution and delivery of
this Supplemental Indenture in order to supplement the Base Indenture and to add covenants to and remove covenants from the Base Indenture with respect to the Notes as and to the extent set forth herein to provide for the issuance and the terms of
the Notes; and 
 WHEREAS, all things necessary to make this Supplemental Indenture a valid indenture and agreement of the Company according
to its terms have been done. 
 NOW, THEREFORE: 

In consideration of the premises and the purchase of the Notes by the Holders thereof, the Company and the Trustee mutually covenant and agree
for the equal and proportionate benefit of all Holders from time to time of the Notes as follows. 
 ARTICLE 1 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01 Definitions. 

Certain terms used principally in certain Articles hereof are defined in those Articles. Capitalized terms used but not defined in this
Supplemental Indenture shall have the meaning ascribed to them in the Base Indenture or in this Article. In the event of any conflict between any term defined in the Base Indenture and this Supplemental Indenture, the defined terms in this
Supplemental Indenture shall govern and control. 
 “Additional Notes” means any additional Notes of a particular series
issued under the Indenture as part of such series of Notes. 
 “Bank Lines” means, with respect to the Company or any of
its Restricted Subsidiaries, one or more debt facilities with banks or other lenders providing for revolving credit loans and/or letters of credit. 

“Base Indenture” has the meaning assigned to it in the recitals hereto, as amended, supplemented or otherwise modified from
time to time in accordance with the terms thereof. 
 “Board of Directors” means the Company’s board of directors or
any committee of that board duly authorized to act generally or in any particular respect for the Company under the Indenture. 

“Business Day” means any day other than a Saturday, a Sunday or a day on which banking institutions in the City of New York
are authorized or obligated by law, regulation or executive order to remain closed. 
 “Comparable Treasury Issue” means
the United States Treasury security or securities selected by the Quotation Agent as having an actual or interpolated maturity comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in
accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Notes to be redeemed. 
  

 “Comparable Treasury Price” means, with respect to any redemption date,
(i) the average of four Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the Quotation Agent obtains fewer than four such Reference
Treasury Dealer Quotations, the average of all such quotations. 
 “Consolidated Net Tangible Assets” means the aggregate
amount of assets (less applicable reserves and other properly deductible items) after deducting therefrom all current liabilities and all goodwill, trade names, trademarks, unamortized debt discounts and expense and other like intangibles of the
Company and its consolidated Subsidiaries, all as set forth in the most recent balance sheet of the Company and its consolidated Subsidiaries prepared in accordance with GAAP. 

“Credit Enhancement Agreements” means, collectively, any documents, instruments, guarantees or agreements entered into
by the Company, any of its Restricted Subsidiaries or any Receivables Entity for the purpose of providing credit support for one or more Receivables Entities or any of their respective securities, debt instruments, obligations or other Indebtedness.

 “GAAP” means generally accepted accounting principles in the United States of America as in effect from time to time,
including those set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other
statements by such other entity as have been approved by a significant segment of the accounting profession, consistently applied. 

“Global Notes” means, individually and collectively, each certificated Note deposited with or on behalf of and registered in
the name of the Depositary or its nominee, substantially in the forms of Exhibit A and Exhibit B hereto and each of which has the “Schedule of Exchanges of Interests in the Global Note” attached thereto. As of the date of
this Supplemental Indenture, all of the Notes are represented by one or more Global Notes. 
 “Hedging Obligations” means,
with respect to any Person, the obligations of such Person under (i) interest rate swap agreements, interest rate cap agreements and interest rate collar agreements and (ii) other agreements or arrangements designed to protect such Person
against fluctuations in interest or currency exchange rates. 
 “Indebtedness” means, with respect to any Person, without
duplication, any indebtedness of such Person in respect of borrowed money or evidenced by bonds, notes, debentures or similar instruments or letters of credit (or reimbursement agreements in respect thereof), except any such balance that constitutes
an accrued expense or trade payable, if and to the extent any of the foregoing indebtedness (other than letters of credit) would appear as a liability upon a balance sheet of such Person prepared in accordance with GAAP (but does not include
contingent liabilities which appear only in a footnote to a balance sheet). 
 “Indenture” has the meaning assigned to it
in the preamble hereto. 
 “Initial Notes” means (i) with respect to the 2025 Notes, the first $1,250,000,000
aggregate principal amount of the 2025 Notes and (ii) with respect to the 2030 Notes, the first $750,000,000 aggregate principal amount of the 2030 Notes, in each case, issued under the Indenture on the date hereof. 

“Interest Payment Date” means each day on which interest on the Notes will be paid, which will be semi-annually in arrears
(i) in the case of the 2025 Notes, on June 20 and December 20 of each year, commencing on December 20, 2020 and (ii) in the case of the 2030 Notes, on June 21 and December 21 of each year, commencing on
December 21, 2020, and, in each case, at maturity. 
 “Make-Whole Redemption Price” has the meaning assigned to it in
Section 3.01(b) hereto. 

  
 2 

 “Non-Domestic Entity” means a
Person not organized or existing under the laws of the United States, any state thereof or the District of Columbia. 

“Notes” has the meaning assigned to it in the recitals hereto. For purposes of the Indenture, all references to the notes to
be issued or authenticated upon transfer or replacement of or in exchange for Notes shall be deemed to refer to Notes. In addition, unless the context otherwise requires, all references to the “Notes” shall include the Initial Notes and
any Additional Notes. 
 “Par Call Date” means (i) with respect to the 2025 Notes, May 20, 2025 (the date that is
one month prior to the stated maturity date for the 2025 Notes) and (ii) with respect to the 2030 Notes, March 21, 2030 (the date that is three months prior to the stated maturity date for the 2030 Notes). 

“Par Call Redemption Price” has the meaning assigned to it in Section 3.01(c) hereto. 

“Permitted Liens” means: 
  

	 	(i)	 Liens existing on the date of the Base Indenture; 

 

	 	(ii)	 Liens to secure securities, debt instruments or other Indebtedness of one or more Receivables Entities or
guarantees thereof; 

  

	 	(iii)	 Liens to secure Indebtedness under a Residual Funding Facility or guarantees thereof; 

 

	 	(iv)	 Liens to secure Indebtedness and other obligations (including letter of credit indemnity obligations and
obligations relating to expenses with respect to debt facilities) under Bank Lines or guarantees thereof; 

  

	 	(v)	 Liens on spread accounts, reserve accounts and other credit enhancement assets, Liens on the Capital Stock of
Subsidiaries of the Company, substantially all of the assets of which are spread accounts, reserve accounts and/or other credit enhancement assets, and Liens on interests in one or more Receivables Entities, in each case incurred in connection with
Credit Enhancement Agreements, Residual Funding Facilities or issuances of securities, debt instruments or other Indebtedness by a Receivables Entity; 

  

	 	(vi)	 Liens on property existing at the time of acquisition of such property (including properties acquired through
merger or consolidation); 

  

	 	(vii)	 Liens securing Indebtedness incurred to finance the construction or purchase of property of the Company or any
of its Subsidiaries (but excluding Capital Stock of another Person); provided that any such Lien may not extend to any other property owned by the Company or any of its Subsidiaries at the time the Lien is incurred, and the Indebtedness
secured by the Lien may not be incurred more than 180 days after the later of the acquisition or completion of construction of the property subject to the Lien; 

 

	 	(viii)	 Liens securing Hedging Obligations; 

 

	 	(ix)	 Liens to secure any Refinancing Indebtedness incurred to refinance any Indebtedness and all other obligations
secured by any Lien referred to in the foregoing clause (i); provided that such new Lien shall be limited to all or part of the same property or type of property that secured the original Lien, and the Indebtedness secured by such Lien at
such time is not increased to any amount greater than the outstanding principal amount or, if greater, committed amount of the Indebtedness described under clause (i) of this definition at the time the original Lien became a Permitted Lien;

  

	 	(x)	 Liens in favor of the Company or any of its Subsidiaries; 

 

	 	(xi)	 Liens of the Company or any Restricted Subsidiary of the Company with respect to obligations that do not exceed
five percent of Consolidated Net Tangible Assets; 

  
 3 

	 	(xii)	 Liens to secure the performance of statutory obligations, surety or appeal bonds, performance bonds or other
obligations of a like nature incurred in the ordinary course of business (including, without limitation, landlord Liens on leased properties); 

  

	 	(xiii)	 Liens for taxes, assessments or governmental charges or claims that are not yet delinquent or that are being
contested in good faith by appropriate proceedings; provided, that any reserve or other appropriate provision as shall be required in conformity with GAAP shall have been made therefor; 

 

	 	(xiv)	 Liens imposed by law or regulation, such as carriers’, warehousemen’s, materialmen’s,
repairmen’s and mechanics’ and similar Liens, in each case for sums not yet overdue for a period of more than 30 days or that are being contested in good faith by appropriate proceedings or other Liens arising out of judgments or awards
against such Person with respect to which such Person shall then be proceeding with an appeal or other proceedings for review; provided, that any reserve or other appropriate provision as shall be required in conformity with GAAP shall have
been made therefor; 

  

	 	(xv)	 Liens related to minor survey exceptions, minor encumbrances, ground leases, easements or reservations of, or
rights of others for, licenses, rights-of-way, servitudes, sewers, electric lines, drains, telegraph and telephone and cable television lines, gas and oil pipelines and
other similar purposes, or zoning, building codes or other restrictions (including, without limitation, minor defects or irregularities in title and similar encumbrances) as to the use of real properties or Liens incidental to the conduct of the
business of such Person or to the ownership of its properties which were not incurred in connection with Indebtedness and which do not in the aggregate materially adversely affect the value of said properties or materially impair their use in the
operation of the business of such Person; 

  

	 	(xvi)	 Liens on equipment of the Company or any of its Restricted Subsidiaries granted in the ordinary course of
business; 

  

	 	(xvii)	 deposits made or other security provided to secure liabilities to insurance carriers under insurance or
self-insurance arrangements in the ordinary course of business; 

  

	 	(xviii)	 purported Liens evidenced by filings of precautionary UCC financing statements relating solely to operating
leases of personal property; 

  

	 	(xix)	 Liens evidenced by UCC financing statement filings (or similar filings) regarding or otherwise arising under
leases entered into by the Company or any Restricted Subsidiary in the ordinary course of business; (xx) Liens on accounts, payment intangibles, chattel paper, instruments and/or other Receivables granted in connection with sales of any of such
assets; and 

  

	 	(xxi)	 Liens on Receivables and related assets and proceeds thereof arising in connection with a Permitted Receivables
Financing. 

 “Permitted Receivables Financing” means any facility, arrangement, transaction or agreement
(i) pursuant to which the Company or any Restricted Subsidiary finances the acquisition or origination of Receivables with, or sells Receivables that it has acquired or originated to, a third party on terms that the Board of Directors has
concluded are customary and market-standard, and/or (ii) that grants Liens to, or permits filings of precautionary UCC financing statements by, the third party against the Company or its Restricted Subsidiaries, as applicable, under such
facility, arrangement, transaction or agreement relating to the subject Receivables, related assets and/or proceeds. 
 “Quotation
Agent” means a Reference Treasury Dealer appointed by the Company. 

  
 4 

 “Receivable” means each of the following: (i) any right to payment of
a monetary obligation, including, without limitation, any promissory note, financing agreement, installment sale contract, lease contract, insurance or service contract, or any credit, debit or charge card receivable, and (ii) any assets
related to such receivables, including, without limitation, any collateral securing, or property leased under, such receivables. 

“Receivables Entity” means each of the following: (i) any Person (whether or not a Subsidiary of the Company)
established for the purpose of transferring or holding Receivables or issuing securities, debt instruments or other Indebtedness backed by Receivables and/or Receivable-backed securities, regardless of whether such Person is an issuer of securities,
debt instruments or other Indebtedness; and (ii) any Subsidiary of the Company formed exclusively for the purpose of satisfying the requirements of Credit Enhancement Agreements, regardless of whether such Person is an issuer of securities,
debt instruments or other Indebtedness. 
 “Redemption Price” has the meaning assigned to it in Section 3.01(b)
hereto. 
 “Reference Treasury Dealer” means (i) any of Citigroup Global Markets Inc., J.P. Morgan Securities LLC and
Wells Fargo Securities, LLC and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. government securities dealer in New York City (a “Primary Treasury Dealer”),
the Company will substitute therefor another Primary Treasury Dealer; and (ii) any other Primary Treasury Dealer(s) selected by the Company. 

“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 5:00 p.m., New York City time, on the third Business Day preceding such redemption date. 
 “Refinancing Indebtedness”
means any Indebtedness of the Company or any of its Restricted Subsidiaries issued in exchange for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund, other Indebtedness of the Company or any of its
Restricted Subsidiaries. 
 “Remaining Scheduled Payments” means the remaining scheduled payments of principal of and
interest on the Notes called for redemption that would be due after the related redemption date but for that redemption (exclusive of interest accrued and unpaid as of the date of redemption). 

“Residual Funding Facility” means any funding arrangement with a financial institution or institutions or other lenders or
purchasers under which advances are made to the Company or any Subsidiary based upon residual, subordinated or retained interests in Receivables Entities or any of their respective securities, debt instruments or other Indebtedness. 

“Restricted Subsidiary” means any Subsidiary of the Company that is not a Receivables Entity or Non-Domestic Entity. 
 “Supplemental Indenture” has the meaning assigned to it in the
preamble hereto. 
 “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, calculated by the Quotation Agent on the third Business Day preceding the redemption date, 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. 
 “Trustee” means Wells Fargo Bank, National
Association, until a successor replaces it in accordance with the applicable provisions of this Indenture, and thereafter means the successor serving thereunder. 

  
 5 

 Section 1.02 Incorporation by Reference of Trust Indenture Act. 

Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture.

 All other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule
under the TIA have the meanings so assigned to them. 
 Section 1.03 Rules of Construction. 

Unless the context otherwise requires: 

(a) a term has the meaning assigned to it; 

(b) “or” is not exclusive; 

(c) words in the singular include the plural, and in the plural include the singular; 

(d) provisions apply to successive events and transactions; and 

(e) references to sections of or rules under the Securities Act shall be deemed to include substitute, replacement or successor sections or
rules adopted by the SEC from time to time. 
 Section 1.04 Relationship with Base Indenture. 

The terms and provisions contained in the Base Indenture shall constitute, and are hereby expressly made, a part of this Supplemental
Indenture, and the Company and the Trustee, by their execution and delivery of this Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby. However, to the extent any provision of the Base Indenture conflicts
with the express provisions of this Supplemental Indenture, the provisions of this Supplemental Indenture shall govern and be controlling. 

ARTICLE 2 
 THE NOTES 

Section 2.01 Establishment, Form and Dating. 

(a) There is hereby established two new series of Securities to be issued under the Base Indenture, to be designated as (i) the
Company’s 2.750% Senior Notes due 2025 and (ii) the Company’s 3.600% Senior Notes due 2030. 
 (b) There are to be
authenticated and delivered (i) $1,250,000,000 principal amount of 2025 Notes and (ii) $750,000,000 principal amount of 2030 Notes, and such principal amount of each series of Notes may be increased from time to time pursuant to Section 2.02 of
the Base Indenture by the issuance of Additional Notes. Any such Additional Notes will have the same interest rate, maturity and other terms as the Initial Notes of such series, except, in some cases, for their issue price and, if applicable, the
initial interest accrual date and the initial interest payment date, and shall constitute a single series of Securities with the Initial Notes of such series; provided that if such Additional Notes are not fungible with the applicable series
of Initial Notes for U.S. federal income tax purposes, they will have a separate CUSIP number. No Notes shall be authenticated and delivered in addition to Notes for the principal amount as so increased except as provided by Sections 2.09, 2.10,
2.13 or 3.08 of the Base Indenture. The Notes shall be senior debt securities and shall be issued in fully registered form. 
 (c) The 2025
Notes and the Trustee’s certificate of authentication with respect thereto will be substantially in the form of Exhibit A hereto and the 2030 Notes and the Trustee’s certificate of authentication with respect thereto will be
substantially in the form of Exhibit B hereto. The Notes may have notations, legends or endorsements required by law, stock exchange rule or usage. Each Note will be dated the date of its authentication, and except as provided in
Section 2.09 of the Base Indenture, will be 

  
 6 

 
issued in the form of one or more Global Notes. The principal of, and any premium or interest on, the Notes shall be payable in U.S. dollars. The Notes shall be in denominations of $2,000 and
integral multiples of $1,000 in excess thereof. 
 (d) The terms and provisions contained in the Notes will constitute, and are hereby
expressly made, a part of the Indenture and the Company and the Trustee, by their execution and delivery of the Indenture, expressly agree to such terms and provisions and to be bound thereby. However, to the extent any provision of any Note
conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. 

Section 2.02 Registrar and Paying Agent. 

(a) The Company will maintain a Registrar and Paying Agent with respect to the Notes. The Registrar will keep a register with respect to the
Notes and of their transfer and exchange. 
 (b) The Company initially appoints The Depository Trust Company to act as Depositary with
respect to the Global Notes. 
 (c) The Company initially appoints the Trustee to act as the Registrar and Paying Agent with respect to the
Notes and to act as custodian for the Depositary with respect to the Global Notes. 
 ARTICLE 3 

REDEMPTION OF NOTES 

Section 3.01 Optional Redemption. 

(a) The Notes may be redeemed, in whole or in part, at the option of the Company pursuant to Section 3.01(b) hereof. Other than as
specifically provided in this Article 3, any redemption pursuant to this Article 3 will be made pursuant to the provisions of Article 3 of the Base Indenture. 

(b) Prior to the applicable Par Call Date, the Company may redeem the Notes, in whole or in part from time to time, at a redemption price (the
“Make-Whole Redemption Price”) equal to the greater of: (1) 100% of the principal amount of the Notes to be redeemed; and (2) as determined by the Quotation Agent, the sum of the present values of the Remaining Scheduled
Payments, discounted to the redemption date on a semi-annual basis at the Treasury Rate plus 40 basis points, in the case of the 2025 Notes, or 45 basis points, in the case of the 2030 Notes, plus, in each case, accrued and unpaid interest thereon
to, but excluding, the date of redemption. 
 (c) On or after the applicable Par Call Date, the Company may redeem the Notes, in whole or in
part from time to time, at a redemption price (the “Par Call Redemption Price” and, together with the Make-Whole Redemption Price, each a “Redemption Price”) equal to 100% of the principal amount of the Notes to be
redeemed, plus accrued and unpaid interest thereon to, but excluding, the date of redemption. 
 (d) If the redemption date is after a
record date and on or prior to a corresponding interest payment date, interest will be paid on the redemption date to the holder of record on the record date. 

(e) The Redemption Price will be calculated assuming a 360-day year consisting of twelve 30-day months. 
 (f) The Trustee shall not be responsible for the calculation of such Redemption Price.
The Company shall calculate such Redemption Price and promptly notify the Trustee in writing thereof. 
 Section 3.02 Mandatory
Redemption. 
 (a) The Company is not required to make mandatory redemption or sinking fund payments with respect to the Notes. 

  
 7 

 ARTICLE 4 

COVENANTS 
 The Notes shall be
subject to the following covenants in addition to the provisions of Article 4 of the Base Indenture (provided that Section 4.07 of the Base Indenture shall not be applicable to the Notes): 

Section 4.01 Liens. 

The Company will not, and will not permit any of its Restricted Subsidiaries to, create, incur or assume any Lien of any kind (other than
Permitted Liens) upon any of its or their property or assets, now owned or hereafter acquired, unless all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligations so secured until such time as
such obligations giving rise to such Lien are no longer secured by a Lien. 
 Section 4.02 Corporate Existence. 

Subject to Article 5 of the Base Indenture, the Company shall do or cause to be done all things necessary to preserve and keep in full force
and effect (i) its corporate existence in accordance with the organizational documents (as the same may be amended from time to time) of the Company and (ii) the rights (charter and statutory), licenses and franchises of the Company;
provided that the Company shall not be required to preserve any such right license or franchise if the Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company and
its Subsidiaries, taken as a whole, and that the loss thereof is not adverse in any material respect to the Holders of the Notes. 
 ARTICLE
5 
 DEFEASANCE 
 Legal
Defeasance of the Notes under Section 8.04 of the Base Indenture and Covenant Defeasance of the Notes under Section 8.05 of the Base Indenture shall be applicable to the Notes, and the Company may at its option by a resolution of the Board
of Directors, at any time, with respect to any series of the Notes, elect to have Section 8.04 or Section 8.05 of the Base Indenture be applied to the outstanding Notes of such series upon compliance with the conditions set forth in
Section 8.06 of the Base Indenture. Article 4 of this Supplemental Indenture shall be subject to Covenant Defeasance under Section 8.05 of the Base Indenture. 

ARTICLE 6 
 NO GUARANTEES 

The provisions of Article 10 of the Base Indenture shall be inapplicable to the Notes. 

ARTICLE 7 
 MISCELLANEOUS 

Section 7.01 Governing Law. 

THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE AND THE NOTES WITHOUT GIVING
EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE 

  
 8 

 
EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

Section 7.02 Successors. 

All agreements of the Company in this Supplemental Indenture and the Notes will bind its successors. All agreements of the Trustee in this
Supplemental Indenture will bind its successors. 
 Section 7.03 Severability. 

In case any provision in this Supplemental Indenture or in the Notes is invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions will not in any way be affected or impaired thereby. 
 Section 7.04 Counterpart
Originals. 
 The parties may sign any number of copies of this Supplemental Indenture. Each signed copy will be an original, but all of
them together represent the same agreement. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or .pdf transmission shall constitute effective execution and delivery of this instrument as to the parties hereto
and may be used in lieu of the original instrument for all purposes. Signatures of the parties hereto transmitted by facsimile or .pdf shall be deemed to be their original signatures for all purposes. 

Section 7.05 Table of Contents, Headings, Etc. 

The Table of Contents and headings of the Articles and Sections of this Supplemental Indenture have been inserted for convenience of reference
only, are not to be considered a part of this Indenture and will in no way modify or restrict any of the terms or provisions hereof. 

[Signature Pages Follow] 

  
 9 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed as of the date set forth above. 
  

			
	GENERAL MOTORS FINANCIAL COMPANY, INC.
		
	By:	 	 /s/ Richard A. Gokenbach, Jr.

	Name: Richard A. Gokenbach, Jr.
	Title: Executive Vice President and Treasurer

 [Signature Page to Supplemental Indenture] 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Patrick Giordano

	Name: Patrick Giordano
	Title: Vice President

 [Signature Page to Supplemental Indenture] 

 Exhibit A 

THIS DEBT SECURITY 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 DEBT SECURITY MAY NOT BE TRANSFERRED TO, OR REGISTERED OR EXCHANGED FOR SECURITIES REGISTERED IN THE NAME OF, ANY PERSON OTHER THAN THE DEPOSITARY OR A NOMINEE THEREOF, AND NO SUCH TRANSFER MAY BE REGISTERED, EXCEPT IN THE
LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY DEBT SECURITY AUTHENTICATED AND DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR OR IN LIEU OF, THIS DEBT SECURITY SHALL BE A GLOBAL SECURITY SUBJECT TO THE FOREGOING, EXCEPT IN
SUCH LIMITED CIRCUMSTANCES. 
 UNLESS THIS GLOBAL SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION (“DTC”), TO GENERAL MOTORS FINANCIAL COMPANY, 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 DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.1 

BY ITS ACQUISITION AND/OR HOLDING OF THIS DEBT SECURITY OR ANY INTEREST IN THIS NOTE, THE HOLDER THEREOF WILL BE DEEMED TO HAVE REPRESENTED AND WARRANTED
THAT (A) EITHER (1) THE HOLDER IS NOT ACQUIRING OR HOLDING THE SECURITY FOR OR ON BEHALF OF, AND NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD THIS SECURITY, OR ANY INTEREST THEREIN, 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”), 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”) 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
(COLLECTIVELY, “SIMILAR LAWS”), OR OF AN ENTITY WHOSE UNDERLYING ASSETS ARE CONSIDERED TO INCLUDE “PLAN ASSETS” OF ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT, OR (2) THE ACQUISITION, HOLDING, AND SUBSEQUENT DISPOSITION OF THIS
SECURITY 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 AND (B) NONE OF THE ISSUER,
ANY UNDERWRITER OR THE ANY OF THEIR RESPECTIVE AFFILIATES IS ACTING, OR WILL ACT, AS A FIDUCIARY TO ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT WITH RESPECT TO THE DECISION TO PURCHASE OR HOLD THIS SECURITY OR IS UNDERTAKING TO PROVIDE IMPARTIAL
INVESTMENT ADVICE OR GIVE ADVICE IN A FIDUCIARY CAPACITY WITH RESPECT TO THE DECISION TO PURCHASE OR HOLD THIS SECURITY. 
  

	1 	 Insert in Global Notes only. 

			
	 CUSIP No.:
	  	 37045X CX2

	 ISIN No.:
	  	 US37045XCX21

 2.750% Senior Notes due 2025 
  

			
	No. R-[    ]	  	$[    ]

 GENERAL MOTORS FINANCIAL COMPANY, INC. promises to pay to [CEDE & CO.]2 or registered assigns, the principal sum of $[         ][(subject to the decreases and increases in principal amount set forth on the Schedule of
Exchanges of Interests in the Global Note attached hereto)]3 on June 20, 2025. 
 Interest Payment
Dates: June 20 and December 20, commencing December 20, 2020. 
 Record Dates: 15 calendar days prior to each Interest Payment Date. 

 
  

 

	2 	 Insert in Global Notes only. 

	3 	 Insert in Global Notes only. 

  
 A-2 

 Dated: 
  

			
	GENERAL MOTORS FINANCIAL COMPANY, INC.
		
	By:	 	  

	Name: Richard A. Gokenbach, Jr.
	Title: Executive Vice President and Treasurer

  
 A-3 

			
	This is one of the Global	  	
	 Notes referred to in the
 within-mentioned
Indenture:
	  	
		
	Dated:	  	
		
	WELLS FARGO BANK, NATIONAL ASSOCIATION	  	
	as Trustee	  	

			
		
	By:	 	              

	Name: Patrick Giordano
	Title: Vice President

  
 A-4 

 [Back of Note] 

2.750% Senior Note due 2025 

This Note is one of a duly authorized issue of Securities of General Motors Financial Company, Inc. (the “Company,” which
term includes any successor Person under the Base Indenture hereinafter referred to), issued and issuable in one or more series under an indenture, dated as of October 13, 2015 (as amended or supplemented to the date hereof, the “Base
Indenture”), between the Company and Wells Fargo Bank, National Association, as trustee (the “Trustee,” which term includes any successor trustee under the Base Indenture), to which Base Indenture and all indentures
supplemental thereto reference is hereby made for a statement of the respective rights, limitation of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities issued thereunder and of the terms upon
which said Securities are, and are to be, authenticated and delivered. This Note is one of the series designated on the face hereof as 2.750% Senior Notes due 2025 (the “Notes”), which was issued under the Thirty-Eighth Supplemental
Indenture, dated as of June 22, 2020, to the Base Indenture (the “Supplemental Indenture” and, together with the Base Indenture, the “Indenture”) and which is initially limited to $1,250,000,000 in principal
amount. Capitalized terms used herein for which no definition is provided herein shall have the meanings set forth in the Indenture. 
 1.
INTEREST. The Notes will bear interest at 2.750% per annum. The Company will pay interest semi-annually in arrears on June 20 and December 20 of each year, commencing on December 20, 2020, and at maturity. If any Interest
Payment Date, stated maturity date or earlier redemption date for the Notes is not a Business Day, the Company will make the required payment of principal, premium, if any, and interest, if any, on the next succeeding Business Day, and no interest
will accrue on the amount so payable for the intervening period. Interest on the Notes will accrue from and including the most recent date to which interest has been paid or, if no interest has been paid, from June 22, 2020; provided
that if there is no existing Default in the payment of interest, and if this Note is authenticated between a record date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding
Interest Payment Date; provided, further, that the first Interest Payment Date shall be December 20, 2020. The Company shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue
principal and premium, if any, from time to time on demand at a rate that is 1% per annum in excess of the rate then in effect; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue
installments of interest from time to time on demand at the same rate to the extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day
months. 
 2. METHOD OF PAYMENT. The Company will pay interest on the Notes (except defaulted interest) to the Persons who are
registered Holders of Notes at the close of business on the record date on the next preceding Interest Payment Date, even if such Notes are cancelled after such record date and on or before such Interest Payment Date, except as provided in
Section 2.08 of the Indenture with respect to defaulted interest. The Notes will be payable as to principal, premium, if any, and interest, if any, at the office or agency of the Trustee maintained for such purpose within the City and State of
New York. The Company will make payments of principal, premium, if any, and interest, if any, in respect of the Notes in book-entry form to the Depositary in immediately available funds, while disbursement of such payments to owners of beneficial
interests in Notes in book-entry form will be made in accordance with the procedures of the Depositary and its participants in effect from time to time. 

3. PAYING AGENT AND REGISTRAR. Initially, Wells Fargo Bank, National Association, the Trustee under the Indenture, will act as Paying
Agent and Registrar. The Company may change any Paying Agent or Registrar without notice to any Holder. The Company or any of its Subsidiaries may act in any such capacity. 

  
 A-5 

 4. INDENTURE. The Company issued the Notes under the Indenture. The terms of the
Notes include those stated in the Indenture and those made part of the Indenture by reference to the TIA. The Notes are subject to all such terms, and Holders are referred to the Indenture and the TIA for a statement of such terms. To the extent any
provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. The Notes are general unsecured obligations of the Company and are not limited as to aggregate principal
amount. The Notes, including any Additional Notes issued hereunder, shall contain the terms set forth herein and in the Indenture and shall constitute and be treated as one series of Notes for all purposes. 

5. OPTIONAL REDEMPTION. The Notes are subject to redemption as provided in Article 3 of the Indenture. 

6. MANDATORY REDEMPTION. The Company shall not be required to make mandatory redemption payments with respect to the Notes. 

7. DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in registered form without coupons in denominations of $2,000 and integral
multiples of $1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and
transfer documents, and the Company may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Company need not exchange or register the transfer of any Note or portion of a Note selected for redemption, except
for the unredeemed portion of any Note being redeemed in part. Also, it need not exchange or register the transfer of any Notes for a period of 15 days before a selection of Notes to be redeemed or during the period between a record date and the
corresponding Interest Payment Date. 
 8. PERSONS DEEMED OWNERS. The registered Holder of a Note will be treated as its owner for
all purposes. 
 9. AMENDMENT, SUPPLEMENT AND WAIVER. The Indenture or the Notes may be amended or supplemented as provided in
Article 9 of the Base Indenture. 
 10. DEFAULTS AND REMEDIES. The terms of Article 6 of the Base Indenture shall be applicable to
the Notes. 
 11. TRUSTEE DEALINGS WITH COMPANY. The Trustee, in its individual or any other capacity, may make loans to, accept
deposits from, and perform services for the Company or its Affiliates, and may otherwise deal with the Company or its Affiliates, as if it were not the Trustee. 

12. NO RECOURSE AGAINST OTHERS. A director, officer, employee, incorporator or shareholder of the Company, as such, shall not have any
liability for any obligations of the Company under the Notes or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The
waiver and release are part of the consideration for the issuance of the Notes. 
 13. AUTHENTICATION. This Note shall not be valid
until authenticated by the manual signature of the Trustee or an authenticating agent. 

  
 A-6 

 14. ABBREVIATIONS. Customary abbreviations may be used in the name of a Holder or an
assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

15. CUSIP NUMBERS. Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company
has caused CUSIP numbers to be printed on the Notes and the Trustee may use CUSIP numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers, either as printed on the Notes or as
contained in any notice of redemption, and reliance may be placed only on the other identification numbers placed thereon. 
 16.
NOTICES. The Company will furnish to any Holder upon written request and without charge a copy of the Indenture. Requests may be made to: 

General Motors Financial Company, Inc. 

801 Cherry Street, Suite 3500 

Fort Worth, Texas 76102 

Attention: Chief Financial Officer 

17. GOVERNING LAW. THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THIS NOTE AND THE INDENTURE WITHOUT
GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

  
 A-7 

 Assignment Form 

To assign this Note, fill in the form below: (I) or (we) assign and transfer this Note to: 

 
  

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

 
  

 

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

 and irrevocably
appoint:                         

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

Date:                         

  

	
	Your
Signature:                                       
                                 
	(Sign exactly as your name appears on the face of this Note)

  
 A-8 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE 

The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part
of another Global Note or Definitive Note for an interest 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
Officer of Trustee or
Note
Custodian

  
 A-9 

 Exhibit B 

THIS DEBT SECURITY 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 DEBT SECURITY MAY NOT BE TRANSFERRED TO, OR REGISTERED OR EXCHANGED FOR SECURITIES REGISTERED IN THE NAME OF, ANY PERSON OTHER THAN THE DEPOSITARY OR A NOMINEE THEREOF, AND NO SUCH TRANSFER MAY BE REGISTERED, EXCEPT IN THE
LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY DEBT SECURITY AUTHENTICATED AND DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR OR IN LIEU OF, THIS DEBT SECURITY SHALL BE A GLOBAL SECURITY SUBJECT TO THE FOREGOING, EXCEPT IN
SUCH LIMITED CIRCUMSTANCES. 
 UNLESS THIS GLOBAL SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION (“DTC”), TO GENERAL MOTORS FINANCIAL COMPANY, 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 DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.4 

BY ITS ACQUISITION AND/OR HOLDING OF THIS DEBT SECURITY OR ANY INTEREST IN THIS NOTE, THE HOLDER THEREOF WILL BE DEEMED TO HAVE REPRESENTED AND WARRANTED
THAT (A) EITHER (1) THE HOLDER IS NOT ACQUIRING OR HOLDING THE SECURITY FOR OR ON BEHALF OF, AND NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD THIS SECURITY, OR ANY INTEREST THEREIN, 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”), 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”) 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
(COLLECTIVELY, “SIMILAR LAWS”), OR OF AN ENTITY WHOSE UNDERLYING ASSETS ARE CONSIDERED TO INCLUDE “PLAN ASSETS” OF ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT, OR (2) THE ACQUISITION, HOLDING, AND SUBSEQUENT DISPOSITION OF THIS
SECURITY 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 AND (B) NONE OF THE ISSUER,
ANY UNDERWRITER OR THE ANY OF THEIR RESPECTIVE AFFILIATES IS ACTING, OR WILL ACT, AS A FIDUCIARY TO ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT WITH RESPECT TO THE DECISION TO PURCHASE OR HOLD THIS SECURITY OR IS UNDERTAKING TO PROVIDE IMPARTIAL
INVESTMENT ADVICE OR GIVE ADVICE IN A FIDUCIARY CAPACITY WITH RESPECT TO THE DECISION TO PURCHASE OR HOLD THIS SECURITY. 
  

 

	4 	 Insert in Global Notes only. 

  
 B-1 

			
	 CUSIP No.:
	  	 37045X CY0

	 ISIN No.:
	  	 US37045XCY04

 3.600% Senior Notes due 2030 
  

			
	No. R-[    ]	  	$[    ]

 GENERAL MOTORS FINANCIAL COMPANY, INC. promises to pay to [CEDE & CO.]5 or registered assigns, the principal sum of $[        ][(subject to the decreases and increases in principal amount set forth on the Schedule of
Exchanges of Interests in the Global Note attached hereto)]6 on June 21, 2030. 
 Interest Payment
Dates: June 21 and December 21, commencing December 21, 2020. 
 Record Dates: 15 calendar days prior to each Interest Payment Date. 

 
  

 

	5 	 Insert in Global Notes only. 

	6 	 Insert in Global Notes only. 

  
 B-2 

 Dated: 
  

			
	GENERAL MOTORS FINANCIAL COMPANY, INC.
		
	By:	 	
                 

	Name: Richard A. Gokenbach, Jr.
	Title: Executive Vice President and Treasurer

  
 B-3 

			
	This is one of the Global	  	
	 Notes referred to in the
 within-mentioned
Indenture:
	  	
		
	Dated:	  	
		
	WELLS FARGO BANK, NATIONAL ASSOCIATION	  	
	as Trustee	  	

			
		
	By:	 	              

	Name: Patrick Giordano
	Title: Vice President

  
 B-4 

 [Back of Note] 

3.600% Senior Note due 2030 

This Note is one of a duly authorized issue of Securities of General Motors Financial Company, Inc. (the “Company,” which
term includes any successor Person under the Base Indenture hereinafter referred to), issued and issuable in one or more series under an indenture, dated as of October 13, 2015 (as amended or supplemented to the date hereof, the “Base
Indenture”), between the Company and Wells Fargo Bank, National Association, as trustee (the “Trustee,” which term includes any successor trustee under the Base Indenture), to which Base Indenture and all indentures
supplemental thereto reference is hereby made for a statement of the respective rights, limitation of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities issued thereunder and of the terms upon
which said Securities are, and are to be, authenticated and delivered. This Note is one of the series designated on the face hereof as 3.600% Senior Notes due 2030 (the “Notes”), which was issued under the Thirty-Eighth Supplemental
Indenture, dated as of June 22, 2020, to the Base Indenture (the “Supplemental Indenture” and, together with the Base Indenture, the “Indenture”) and which is initially limited to $750,000,000 in principal
amount. Capitalized terms used herein for which no definition is provided herein shall have the meanings set forth in the Indenture. 
 1.
INTEREST. The Notes will bear interest at 3.600% per annum. The Company will pay interest semi-annually in arrears on June 21 and December 21 of each year, commencing on December 21, 2020, and at maturity. If any Interest
Payment Date, stated maturity date or earlier redemption date for the Notes is not a Business Day, the Company will make the required payment of principal, premium, if any, and interest, if any, on the next succeeding Business Day, and no interest
will accrue on the amount so payable for the intervening period. Interest on the Notes will accrue from and including the most recent date to which interest has been paid or, if no interest has been paid, from June 22, 2020; provided
that if there is no existing Default in the payment of interest, and if this Note is authenticated between a record date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding
Interest Payment Date; provided, further, that the first Interest Payment Date shall be December 21, 2020. The Company shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue
principal and premium, if any, from time to time on demand at a rate that is 1% per annum in excess of the rate then in effect; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue
installments of interest from time to time on demand at the same rate to the extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day
months. 
 2. METHOD OF PAYMENT. The Company will pay interest on the Notes (except defaulted interest) to the Persons who are
registered Holders of Notes at the close of business on the record date on the next preceding Interest Payment Date, even if such Notes are cancelled after such record date and on or before such Interest Payment Date, except as provided in
Section 2.08 of the Indenture with respect to defaulted interest. The Notes will be payable as to principal, premium, if any, and interest, if any, at the office or agency of the Trustee maintained for such purpose within the City and State of
New York. The Company will make payments of principal, premium, if any, and interest, if any, in respect of the Notes in book-entry form to the Depositary in immediately available funds, while disbursement of such payments to owners of beneficial
interests in Notes in book-entry form will be made in accordance with the procedures of the Depositary and its participants in effect from time to time. 

3. PAYING AGENT AND REGISTRAR. Initially, Wells Fargo Bank, National Association, the Trustee under the Indenture, will act as Paying
Agent and Registrar. The Company may change any Paying Agent or Registrar without notice to any Holder. The Company or any of its Subsidiaries may act in any such capacity. 

  
 B-5 

 4. INDENTURE. The Company issued the Notes under the Indenture. The terms of the
Notes include those stated in the Indenture and those made part of the Indenture by reference to the TIA. The Notes are subject to all such terms, and Holders are referred to the Indenture and the TIA for a statement of such terms. To the extent any
provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. The Notes are general unsecured obligations of the Company and are not limited as to aggregate principal
amount. The Notes, including any Additional Notes issued hereunder, shall contain the terms set forth herein and in the Indenture and shall constitute and be treated as one series of Notes for all purposes. 

5. OPTIONAL REDEMPTION. The Notes are subject to redemption as provided in Article 3 of the Indenture. 

6. MANDATORY REDEMPTION. The Company shall not be required to make mandatory redemption payments with respect to the Notes. 

7. DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in registered form without coupons in denominations of $2,000 and integral
multiples of $1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and
transfer documents, and the Company may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Company need not exchange or register the transfer of any Note or portion of a Note selected for redemption, except
for the unredeemed portion of any Note being redeemed in part. Also, it need not exchange or register the transfer of any Notes for a period of 15 days before a selection of Notes to be redeemed or during the period between a record date and the
corresponding Interest Payment Date. 
 8. PERSONS DEEMED OWNERS. The registered Holder of a Note will be treated as its owner for
all purposes. 
 9. AMENDMENT, SUPPLEMENT AND WAIVER. The Indenture or the Notes may be amended or supplemented as provided in
Article 9 of the Base Indenture. 
 10. DEFAULTS AND REMEDIES. The terms of Article 6 of the Base Indenture shall be applicable to
the Notes. 
 11. TRUSTEE DEALINGS WITH COMPANY. The Trustee, in its individual or any other capacity, may make loans to, accept
deposits from, and perform services for the Company or its Affiliates, and may otherwise deal with the Company or its Affiliates, as if it were not the Trustee. 

12. NO RECOURSE AGAINST OTHERS. A director, officer, employee, incorporator or shareholder of the Company, as such, shall not have any
liability for any obligations of the Company under the Notes or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The
waiver and release are part of the consideration for the issuance of the Notes. 
 13. AUTHENTICATION. This Note shall not be valid
until authenticated by the manual signature of the Trustee or an authenticating agent. 

  
 B-6 

 14. ABBREVIATIONS. Customary abbreviations may be used in the name of a Holder or an
assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

15. CUSIP NUMBERS. Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company
has caused CUSIP numbers to be printed on the Notes and the Trustee may use CUSIP numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers, either as printed on the Notes or as
contained in any notice of redemption, and reliance may be placed only on the other identification numbers placed thereon. 
 16.
NOTICES. The Company will furnish to any Holder upon written request and without charge a copy of the Indenture. Requests may be made to: 

General Motors Financial Company, Inc. 

801 Cherry Street, Suite 3500 

Fort Worth, Texas 76102 

Attention: Chief Financial Officer 

17. GOVERNING LAW. THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THIS NOTE AND THE INDENTURE WITHOUT
GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

  
 B-7 

 Assignment Form 

To assign this Note, fill in the form below: (I) or (we) assign and transfer this Note to: 

 
  

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

 
  

 

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

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

	
	Your
Signature:                                       
                       
	(Sign exactly as your name appears on the face of this Note)

  
 B-8 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE 

The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part
of another Global Note or Definitive Note for an interest 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
Officer of Trustee or
Note
Custodian

  
 B-9

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