Document:

exv4w3

Exhibit 4.3

 

Eighteenth Supplemental Indenture

between

MetLife, Inc.,

as Issuer,

and

The Bank of New York Mellon Trust Company, N.A.,

as Trustee

Dated as of August 6, 2010

 

 

 

Table of Contents

	 	 	 	 	 
	 	 	Page	 
	ARTICLE I

	Senior Notes

	 
	 	 	 	 
	SECTION 1.01 Definitions
	 	 	1	 
	SECTION 1.02 Establishment
	 	 	3	 
	SECTION 1.03 Payment of Principal and Interest
	 	 	3	 
	SECTION 1.04 Denominations
	 	 	4	 
	SECTION 1.05 Global Securities
	 	 	4	 
	SECTION 1.06 Transfer
	 	 	5	 
	SECTION 1.07 Defeasance
	 	 	5	 
	SECTION 1.08 Redemption at the Option of the Company
	 	 	5	 
	SECTION 1.09 Special Mandatory Redemption
	 	 	7	 
	SECTION 1.10 No Sinking Fund
	 	 	8	 
	ARTICLE II

	Miscellaneous Provisions

	 
	 	 	 	 
	SECTION 2.01 Senior Notes Unaffected by Other Supplemental Indentures
	 	 	8	 
	SECTION 2.02 Trustee Not Responsible for Recitals
	 	 	8	 
	SECTION 2.03 Ratification and Incorporation of Original Indenture
	 	 	8	 
	SECTION 2.04 Governing Law
	 	 	8	 
	SECTION 2.05 Separability
	 	 	8	 
	SECTION 2.06 Executed in Counterparts
	 	 	9	 
	 
	 	 	 	 
	EXHIBIT A Form of 5.875% Senior Notes due 2041
	 	 	A-1	 

ii

 

          EIGHTEENTH SUPPLEMENTAL INDENTURE, dated as of August 6, 2010 (this “Eighteenth Supplemental
Indenture”), between MetLife, Inc., a Delaware corporation (the “Company”), and The Bank of New
York Mellon Trust Company, N.A., as trustee (the “Trustee”), supplementing the Indenture, dated as
of November 9, 2001 (the “Original Indenture”), between the Company and The Bank of New York Mellon
Trust Company, N.A. (as successor in interest to J.P. Morgan Trust Company, National Association
(as successor to Bank One Trust Company, N.A.)), as trustee.

Recitals

          WHEREAS, the Company executed and delivered the Original Indenture to the Trustee to provide
for the future issuance of the Company’s senior debt securities (the “Securities”), to be issued
from time to time in one or more series as might be determined by the Company under the Original
Indenture;

          WHEREAS, pursuant to the terms of the Original Indenture and this Eighteenth Supplemental
Indenture (together, the “Indenture”), the Company desires to provide for the establishment of a
new series of Securities to be known as the 5.875% Senior Notes due 2041 (the “Senior Notes”), the
form and substance of such Senior Notes, and the terms, provisions and conditions thereof to be set
forth herein as provided in the Indenture;

          WHEREAS, the Company has requested that the Trustee, in respect to the Senior Notes, execute
and deliver this Eighteenth Supplemental Indenture in such capacity; and

          WHEREAS, all requirements necessary to make this Eighteenth Supplemental Indenture a valid
instrument in accordance with its terms and to make the Senior Notes, when executed by the Company
and authenticated and delivered by the Trustee, the valid obligations of the Company, have been
done and performed, and the execution and delivery of this Eighteenth Supplemental Indenture has
been duly authorized in all respects;

          NOW THEREFORE, in consideration of the purchase and acceptance of the Senior Notes by the
holders thereof, and for the purpose of setting forth, as provided in the Indenture, the form and
substance of the Senior Notes, and the terms, provisions and conditions thereof, the parties hereto
hereby agree as follows:

ARTICLE I

Senior Notes

               SECTION 1.01 Definitions.

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

1

 

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

          (b) the definition of any term in this Eighteenth Supplemental Indenture that is also defined
in the Original Indenture, shall for the purposes of this Eighteenth Supplemental Indenture
supersede the definition of such term in the Original Indenture;

          (c) a term defined anywhere in this Eighteenth Supplemental Indenture has the same meaning
throughout;

          (d) the definition of a term in this Eighteenth Supplemental Indenture is not intended to have
any effect on the meaning or definition of an identical term that is defined in the Original
Indenture insofar as the use or effect of such term in the Original Indenture, as previously
defined, is concerned;

          (e) the singular includes the plural and vice versa;

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

          (g) the following terms have the meanings given to them in this Section 1.01(g):

          “Acquisition” means the Company’s proposed acquisition of all of the outstanding shares of
capital stock of American Life Insurance Company and Delaware American Life Insurance Company.

          “Interest Payment Date” means February 6 and August 6 of each year, commencing February 6,
2011.

          “Original Issue Date” means August 6, 2010.

          “Regular Record Date” means, with respect to each Interest Payment Date, the close of business
on the preceding January 25 or July 25, as the case may be (whether or not a Business Day).

          “Special Mandatory Redemption Date” means the earlier to occur of (i) July 31, 2011 if the
Acquisition has not been completed on or prior to July 10, 2011 or (ii) the 30th day (or
if such day is not a Business Day, the first Business Day thereafter) following the termination of
the Stock Purchase Agreement.

          “Special Mandatory Redemption Price” means 101% of the aggregate principal amount of the
Senior Notes together with accrued and unpaid interest to but excluding the Special Mandatory
Redemption Date.

          “Stated Maturity” means February 6, 2041.

2

 

          “Stock Purchase Agreement” means the Stock Purchase Agreement, dated as of March 7, 2010,
among the Company, American International Group, Inc., a Delaware corporation, and ALICO Holdings
LLC, a Delaware limited liability company.

               SECTION 1.02 Establishment.

          (a) There is hereby established a new series of Securities to be issued under the Indenture,
to be designated as the Company’s 5.875% Senior Notes due 2041.

          (b) There are to be authenticated and delivered Senior Notes in an initial aggregate principal
amount of $750,000,000, and no further Senior Notes shall be authenticated and delivered except as
provided by Section 2.05, 2.07, 2.11, 3.03 or 9.04 of the Original Indenture; provided, however,
that the aggregate principal amount of the Senior Notes may be increased in the future with no
limit, without the consent of the holders of the Senior Notes, on the same terms and with the same
CUSIP and ISIN numbers as the Senior Notes, except for the issue price, Original Issue Date and, if
applicable, the first Interest Payment Date and the initial interest accrual date, provided that no
Event of Default with respect to the Senior Notes shall have occurred and be continuing. The Senior
Notes shall be issued in fully registered form, without coupons.

          (c) The Senior Notes shall be issued in the form of one or more Global Securities, registered
in the name of the Depositary or its nominee. Each Global Security and the Trustee’s Certificate of
Authentication thereof, shall be in substantially the form set forth in Exhibit A hereto. The
Depositary with respect to the Senior Notes shall be The Depository Trust Company (the
“Depositary”).

          (d) Each Senior Note shall be dated the date of authentication thereof and shall bear interest
from the Original Issue Date or from the most recent Interest Payment Date to which interest has
been paid or duly provided for.

               SECTION 1.03 Payment of Principal and Interest.

          (a) The principal of the Senior Notes shall be due at Stated Maturity. The unpaid principal
amount of the Senior Notes shall bear interest at the rate of 5.875% per year until paid or duly
provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date,
commencing February 6, 2011, to the Person in whose name the Senior Notes are registered on the
Regular Record Date for such Interest Payment Date, provided, that interest payable at the Stated
Maturity of principal or upon redemption will be paid to the Person to whom principal is payable.
Any such interest that is not so punctually paid or duly provided for will forthwith cease to be
payable to the holders on such Regular Record Date and may be paid as provided in Section 2.03 of
the Original Indenture.

          (b) Payments of interest on the Senior Notes will include interest accrued to but excluding
the respective Interest Payment Dates. Interest payments for the Senior Notes shall be computed and
paid on the basis of a 360-day year consisting of twelve 30-day months.

3

 

          (c) In the event that any date on which interest is payable on the Senior Notes is not a
Business Day, then payment of the interest payable on such date will be made on the next succeeding
day that is a Business Day (and without any interest or other payment in respect of any such
delay), except that, if such Business Day is in the next succeeding calendar year, such payment
shall be made on the immediately preceding Business Day, in each case with the same force and
effect as if made on the date the payment was originally payable.

          (d) All payments of the principal of, and premium, if any, and interest due on the Senior
Notes at the Stated Maturity or upon redemption will be made upon surrender of the Senior Notes at
the Corporate Trust Office of the Trustee in the Borough of Manhattan, The City of New York.

          (e) The principal of, and premium, if any, and interest due on the Senior Notes shall be paid
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. Payments of interest (including interest on any Interest
Payment Date) will be made, subject to such surrender where applicable and subject, in the case of
a Global Security, to the Trustee’s arrangements with the Depositary, at the option of the Company,
(i) by check mailed to the address of the Person entitled thereto as such address shall appear in
the Security Register or (ii) by wire transfer at such place and to such account at a banking
institution in the United States of America as may be designated in writing to the Trustee at least
15 days prior to the date for payment by the Person entitled thereto.

               SECTION 1.04 Denominations.

          The Senior Notes may be issued in denominations of $100,000, or any integral multiple of
$1,000 in excess thereof.

               SECTION 1.05 Global Securities.

          (a) Except under the limited circumstances described below, Senior Notes represented by Global
Securities will not be exchangeable for, and will not otherwise be issuable as, Senior Notes in
definitive form. The Global Securities described above may not be transferred except by the
Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or
another nominee of the Depositary or to a successor Depositary or its nominee.

          (b) Except as otherwise provided in this Eighteenth Supplemental Indenture, owners of
beneficial interests in such Global Securities will not be considered the holders thereof for any
purpose under the Indenture, and no Global Security representing a Senior Note shall be
exchangeable, except for another Global Security of like denomination and to be registered in the
name of the Depositary or its nominee or to a successor Depositary or its nominee. The rights of
holders of such Global Securities shall be exercised only through the Depositary.

          (c) A Global Security shall be exchangeable in whole or, from time to time, in part for Senior
Notes in definitive registered form only as provided in the Indenture. If

4

 

(i) at any time the Depositary notifies the Company that it is unwilling or unable to continue
as Depositary for the Senior Notes or if at any time the Depositary shall no longer be registered
or in good standing under the Securities Exchange Act of 1934, as amended, or other applicable
statute or regulation, and the Company does not appoint a successor Depositary within 90 days after
the Company receives such notice or becomes aware of such condition, as the case may be, or (ii),
subject to the procedures of the Depositary, the Company in its sole discretion determines that the
Senior Notes shall be exchangeable for Senior Notes in definitive registered form and executes and,
in each case, delivers to the Security Registrar a written order of the Company providing that the
Senior Notes shall be so exchangeable, the Senior Notes shall be exchangeable for Senior Notes in
definitive registered form, provided that the definitive Senior Notes so issued in exchange for the
Senior Notes shall be in denominations of $100,000 and integral multiples of $1,000 in excess
thereof and be of like aggregate principal amount and tenor as the portion of the Senior Notes to
be exchanged. Except as provided herein, owners of beneficial interests in the Senior Notes will
not be entitled to have Senior Notes registered in their names, will not receive or be entitled to
physical delivery of Senior Notes in definitive registered form and will not be considered the
holders thereof for any purpose under the Indenture. Neither the Company, the Trustee, any Paying
Agent nor the Security Registrar shall have any responsibility or liability for any aspect of
records relating to or payments made on account of beneficial ownership interests in the Senior
Notes, or for maintaining, supervising or reviewing any records relating to such beneficial
ownership interests. Any Global Security that is exchangeable pursuant to this Section 1.05(c)
shall be exchangeable for Senior Notes registered in such names as the Depositary shall direct.

               SECTION 1.06 Transfer.

          No service charge will be made for any registration of transfer or exchange of Senior Notes,
but payment will be required of a sum sufficient to cover any tax or other governmental charge that
may be imposed in connection therewith.

               SECTION 1.07 Defeasance.

          The provisions of Sections 13.02 and 13.03 of the Original Indenture will apply to the Senior
Notes.

               SECTION 1.08 Redemption at the Option of the Company.

          (a) The Senior Notes will be redeemable at the Company’s option, in whole or in part, at any
time and from time to time (any such date fixed for redemption, an “Optional Redemption Date”), at
a redemption price equal to the greater of 100% of the principal amount to be redeemed plus accrued
and unpaid interest to, but excluding, such Optional Redemption Date and the “Make-Whole
Redemption Amount” (as defined below).

          “Make-Whole Redemption Amount” means the sum, as calculated by the Premium Calculation Agent,
of the present values of the remaining scheduled payments of principal and interest on the Senior
Notes to be redeemed (not including any portion of

5

 

those payments of interest accrued as of such Optional Redemption Date), discounted from their
respective scheduled payment dates to such Optional Redemption Date on a semi-annual basis
(assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 30 basis
points plus, in each case, accrued and unpaid interest thereon to, but excluding, such Optional Redemption Date.

          For purposes of the preceding definitions:

	 	(i)	 	“Treasury Rate” means, with respect to any Optional Redemption Date,
the rate per annum equal to the semi-annual equivalent yield to
maturity of the Comparable Treasury Issue, calculated using a price
for the Comparable Treasury Issue (expressed as a percentage of its
principal amount) equal to the Comparable Treasury Price for such
Optional Redemption Date. The Treasury Rate will be calculated on
the third Business Day preceding such Optional Redemption Date.
	 
	 	(ii)	 	“Premium Calculation Agent” means an investment banking institution
of national standing appointed by the Company.
	 
	 	(iii)	 	“Comparable Treasury Issue” means the U.S. Treasury security
selected by the Premium Calculation Agent as having a maturity
comparable to the term remaining from such Optional Redemption Date
to the Stated Maturity of the Senior Notes (the “Remaining Life”) 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 Life.
	 
	 	(iv)	 	“Comparable Treasury Price” means, with respect to such Optional
Redemption Date, (1) the average of five Reference Treasury Dealer
Quotations for such Optional Redemption Date, after excluding the
highest and lowest Reference Treasury Dealer Quotations, or (2) if
the Premium Calculation Agent obtains fewer than five such Reference
Treasury Dealer Quotations, the average of all such quotations.
	 
	 	(v)	 	“Reference Treasury Dealers” means (1) Deutsche Bank Securities Inc.
and UBS Securities LLC and their successors; provided, however, that
if any of the foregoing shall cease to be a primary U.S. government
securities dealer in the United States (a “Primary Treasury Dealer”)
the Company will substitute therefor another Primary Treasury
Dealer, and (2) any other Primary Treasury Dealers selected by the
Premium Calculation Agent after consultation with the Company.
	 
	 	(vi)	 	“Reference Treasury Dealer Quotations” means, with respect to each
Reference Treasury Dealer and any Optional Redemption Date, the
average, as determined by the Premium Calculation Agent of the bid
and ask prices for the Comparable Treasury Issue (expressed in each
case as a percentage of its principal amount) quoted in writing to
the Premium Calculation Agent by such Reference Treasury Dealer at
3:30 p.m., New York City time, on the third Business Day preceding
such Optional Redemption Date.

6

 

          (b) Notwithstanding Section 3.02 of the Original Indenture, the notice of redemption with
respect to any redemption pursuant to Section 1.08(a) need not set forth the Redemption Price but
only the manner of calculation thereof as described above.

          (c) The Company shall notify the Trustee of the Redemption Price with respect to any
redemption pursuant to Section 1.08(a) promptly after the calculation thereof. The Trustee shall
not be responsible for calculating said Redemption Price.

          (d) If less than all of the Senior Notes are to be redeemed, the Trustee shall select the
Senior Notes or portions of the Senior Notes to be redeemed by such method as the Trustee shall
deem fair and appropriate. The Trustee may select for redemption Senior Notes and portions of
Senior Notes in amounts of $1,000 and integral multiples of $1,000 in excess thereof (provided that
the unredeemed portion of any Senior Note to be redeemed in part shall not be less than $100,000)
and shall thereafter promptly notify the Company in writing of the numbers of Senior Notes to be
redeemed, in whole or in part.

               SECTION 1.09 Special Mandatory Redemption.

          If, for any reason, (i) the Acquisition is not consummated on or prior to July 10, 2011 or
(ii) the Stock Purchase Agreement is terminated on or prior to July 10, 2011, the Company shall
redeem all of the Senior Notes on the Special Mandatory Redemption Date at the Special Mandatory
Redemption Price.

          Promptly after the occurrence of the event triggering such redemption, the Company shall
furnish the Trustee with an Officers’ Certificate to the effect that such event has occurred and,
promptly after the occurrence of the event triggering such redemption, the Company shall either (i)
give notice of such redemption to the holders of the Senior Notes in accordance with Section 3.02
of the Indenture or (ii) cause the Trustee to give such notice in the Company’s name and at its
expense, by providing a written request to the Trustee, signed by the Company’s President,
Treasurer or any Vice President; provided, however, that such written request is received by the
Trustee at least five (5) Business Days prior to the date the Trustee is requested to give notice
of such redemption to the holders of the Senior Notes. In such event, the Company shall provide the
Trustee with the information required by Section 3.02 of the Indenture. Such notice having been
duly given, the redemption of the Senior Notes shall be made upon the terms and in the manner
stated in Sections 3.02 and 3.03 of the Indenture, to the extent applicable and to the extent not
inconsistent with this Section 1.09.

          If funds sufficient to pay the Special Mandatory Redemption Price of all of the Senior Notes
to be redeemed on the Special Mandatory Redemption Date are deposited with a Paying Agent or the
Trustee on or before such Special Mandatory Redemption Date, on and after such Special Mandatory
Redemption Date, the Senior Notes will cease to bear interest and, other than the right to receive
the Special Mandatory Redemption Price, all rights under the Senior Notes shall terminate.

7

 

               SECTION 1.10 No Sinking Fund

          The Senior Notes shall not be entitled to any sinking fund.

ARTICLE II

Miscellaneous Provisions

          This Eighteenth Supplemental Indenture will become effective upon its execution and delivery.

               SECTION 2.01 Senior Notes Unaffected by Other Supplemental Indentures.

          None of the Company’s other supplemental indentures to the Original Indenture entered into
on or prior to the date hereof applies to the Senior Notes. To the extent the terms of the
Original Indenture were amended by any of such other supplemental indentures, no such amendment
shall relate or apply to the Senior Notes. To the extent the terms of the Original Indenture are
amended as provided herein, no such amendment shall in any way affect the terms of any such other
supplemental indenture or any other series of Securities. This Eighteenth Supplemental Indenture
shall relate and apply solely to the Senior Notes.

               SECTION 2.02 Trustee Not Responsible for Recitals.

          The recitals herein contained are made by the Company and not by the Trustee, and the Trustee
assumes no responsibility for the correctness thereof. The Trustee makes no representation as to
the validity or sufficiency of this Eighteenth Supplemental Indenture or the Senior Notes.

               SECTION 2.03 Ratification and Incorporation of Original Indenture.

          As supplemented hereby, the Original Indenture is in all respects ratified and confirmed, and
the Original Indenture and this Eighteenth Supplemental Indenture shall be read, taken and
construed as one and the same instrument.

               SECTION 2.04 Governing Law.

          This Eighteenth Supplemental Indenture shall be deemed to be a contract made under the
internal laws of the State of New York, and for all purposes shall be construed in accordance with
the laws of said State.

               SECTION 2.05 Separability.

          In case any one or more of the provisions contained in this Eighteenth Supplemental Indenture
or in the Senior Notes shall for any reason be held to be invalid, illegal or unenforceable in any
respect, such invalidity, illegality or unenforceability shall not affect any other provisions of
this Eighteenth Supplemental Indenture or of the Senior Notes, but this Eighteenth Supplemental
Indenture and the Senior Notes shall be

8

 

construed as if such invalid or illegal or unenforceable provision had never been contained
herein or therein.

               SECTION 2.06 Executed in Counterparts.

          This Eighteenth Supplemental Indenture may be executed in any number of counterparts, each of
which shall be an original; but such counterparts shall together constitute but one and the same
instrument.

9

 

          In Witness Whereof, the parties hereto have caused this Eighteenth
Supplemental Indenture to be duly executed by their respective officers thereunto duly authorized,
all as of the day and year first above written.

	 	 	 	 	 
	 	MetLife, Inc.,

as Issuer

 	 
	 	By:  	/s/ Steven
J. Goulart	 
	 	 	Name:  	Steven
J. Goulart	 
	 	 	Title:  	Senior Vice President and Treasurer	 
	 
	 	The Bank of New York Mellon Trust Company, N.A.,

as Trustee

 	 
	 	By:  	/s/ Richard
Tarnas	 
	 	 	Name:  	Richard
Tarnas	 
	 	 	Title:  	Authorized Signatory 	 
	 

Eighteenth Supplemental Indenture

 

 

EXHIBIT A

(FORM OF 5.875% SENIOR NOTES DUE 2041)

          THIS SENIOR NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE ORIGINAL INDENTURE HEREINAFTER
REFERRED TO. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY (“DTC”), A NEW YORK CORPORATION, TO METLIFE, 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.

          EXCEPT AS OTHERWISE PROVIDED IN SECTION 2.11 OF THE ORIGINAL INDENTURE, THIS SENIOR NOTE MAY
BE TRANSFERRED IN WHOLE, BUT NOT IN PART, ONLY TO DTC, TO ANOTHER NOMINEE OF DTC OR TO A SUCCESSOR
DEPOSITARY OR TO A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.

A-1

 

			
	 No.
[•]
	 	CUSIP No.: [•]
	 
	 	ISIN No.: [•]

MetLife, Inc.

Global Certificate initially representing

$[•] aggregate principal amount of

5.875% Senior Notes Due 2041

	 	 	 

	Regular Record Date:

	 	With respect to each Interest Payment Date, the close of business on the preceding January 25 or July
25, as the case may be (whether or not a Business Day).
	 
	 	 
	Original Issue Date:

	 	August 6, 2010
	 
	 	 
	Stated Maturity:

	 	February 6, 2041
	 
	 	 
	Interest Payment Dates:

	 	February 6 and August 6, commencing February 6, 2011
	 
	 	 
	Interest Rate:

	 	5.875% per year
	 
	 	 
	Authorized Denomination:

	 	$100,000, or any integral multiple of $1,000 in excess thereof.

          This Global Certificate is in respect of a duly authorized issue of 5.875% Senior Notes due
2041 (the “Senior Notes”) of MetLife, Inc., a Delaware corporation (the “Company,” which term
includes any successor corporation under the Indenture referred to on the reverse hereof). The
Company, for value received, hereby promises to pay to Cede & Co., or registered assigns, the
amount of principal of the Senior Notes represented by this Global Certificate on the Stated
Maturity shown above, and to pay interest thereon from the Original Issue Date shown above, or from
the most recent Interest Payment Date to which interest has been paid or duly provided for,
semi-annually in arrears on each Interest Payment Date as specified above, commencing February 6,
2011, and on the Stated Maturity at the Interest Rate per year shown above until the principal
hereof is paid or made available for payment and on any overdue principal and on any overdue
installment of interest at such rate to the extent permitted by law. The interest so payable, and
punctually paid or duly provided for, on any Interest Payment Date (other than an Interest Payment
Date that is the Stated Maturity, an Optional Redemption Date or the Special Mandatory Redemption
Date) will, as provided in the Indenture, be paid to the Person in whose name this Senior Note is
registered on the Regular Record Date as specified above next preceding
such Interest Payment Date, provided that any interest payable at Stated Maturity, on an Optional
Redemption Date or on the Special Mandatory Redemption Date will be paid to the Person to whom
principal is payable. Any such interest that is not so punctually paid or duly provided for will
forthwith cease to be payable to the holders on such Regular Record Date and may be paid as
provided in Section 2.03 of the Original Indenture.

A-2

 

Payments of interest on this Senior Note will include interest accrued to but excluding the
respective Interest Payment Dates. Interest payments for this Senior Note shall be computed and
paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date
on which interest is payable on this Senior Note is not a Business Day, then payment of the
interest payable on such date will be made on the next succeeding day that is a Business Day (and
without any interest or other payment in respect of any such delay), except that, if such Business
Day is in the next succeeding calendar year, payment shall be made on the immediately preceding
Business Day, in each case with the same force and effect as if made on the date the payment was
originally payable.

          Payment of the principal of, and premium, if any, and interest due on this Senior Note at the
Stated Maturity or upon redemption will be made upon surrender of this Senior Note at the Corporate
Trust Office of the Trustee in the Borough Manhattan, The City of New York. The principal of, and
premium, if any, and interest due on this Senior Note shall be paid 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. Payment of interest (including interest on any Interest Payment Date) will be made,
subject to such surrender where applicable and subject to the Trustee’s arrangements with the
Depositary, at the option of the Company, (i) by check mailed to the address of the Person entitled
thereto as such address shall appear in the Security Register or (ii) by wire transfer at such
place and to such account at a banking institution in the United States of America as may be
designated in writing to the Trustee at least 15 days prior to the date for payment by the Person
entitled thereto.

          The Senior Notes will be unsecured obligations of the Company and will rank equally in right
of payment with all of the existing and future unsecured and unsubordinated indebtedness of the
Company. The Senior Notes will rank senior to any subordinated indebtedness of the Company.

          REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS SENIOR 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 by manual
signature, this Senior Note shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose.

A-3

 

In Witness Whereof, the Company has caused this instrument to be duly
executed.

Dated:                     

	 	 	 	 	 
	 	MetLife, Inc.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Attest:

                                                            

Name:

Title:

[Seal of MetLife, Inc.]

A-4

 

Certificate Of Authentication

          This is one of the Senior Notes referred to in the within mentioned Indenture.

	 	 	 	 	 
	 	The Bank of New York Mellon Trust Company,
N.A.,

as Trustee

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 

Dated:

A-5

 

[Reverse Of Senior Note]

     1. This Senior Note is one of a duly authorized issue of Securities of the Company (the
“Securities”) issued and issuable in one or more series under an Indenture dated as of November 9,
2001 (the “Original Indenture”), as supplemented by the Eighteenth Supplemental Indenture, dated as
of August 6, 2010 (the “Eighteenth Supplemental Indenture,” and together with the Original
Indenture, the “Indenture”), between the Company and The Bank of New York Mellon Trust Company,
N.A. (as successor in interest to J.P. Morgan Trust Company, National Association (as successor to
Bank One Trust Company, N.A.)), as trustee, (the “Trustee,” which term includes any successor
trustee under the Indenture), to which Indenture and all indentures incidental 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 Securities issued thereunder and of
the terms upon which said Securities are, and are to be, authenticated and delivered. This Senior
Note is one of the series designated on the face hereof as the 5.875% Senior Notes due 2041,
initially limited in aggregate principal amount of $750,000,000; provided, however, that (subject
to the provisions of the Eighteenth Supplemental Indenture) the aggregate principal amount of the
Senior Notes may be increased in the future with no limit, without the consent of the holders of
the Senior Notes, on the same terms and with the same CUSIP and ISIN numbers as the Senior Notes,
except for the issue price, Original Issue Date and, if applicable, the first Interest Payment Date
and the initial interest accrual date, provided that no Event of Default with respect to the Senior
Notes shall have occurred and be continuing. Capitalized terms used herein for which no definition
is provided herein shall have the meanings set forth in the Indenture.

     2. This Senior Note is exchangeable in whole or, from time to time, in part for Senior Notes in
definitive registered form only as provided herein and in the Indenture. If (i) at any time the
Depositary notifies the Company that it is unwilling or unable to continue as Depositary for this
Senior Note or if at any time the Depositary shall no longer be registered or in good standing
under the Securities Exchange Act of 1934, as amended, or other applicable statute or regulation,
and the Company does not appoint a successor Depositary within 90 days after the Company receives
such notice or becomes aware of such condition, as the case may be, or (ii), subject to the
procedures of the Depositary, the Company in its sole discretion determines that this Senior Note
shall be exchangeable for Senior Notes in definitive registered form and, in each case, executes
and delivers to the Security Registrar a written order of the Company providing that this Senior
Note shall be so exchangeable, this Senior Note shall be exchangeable for Senior Notes in
definitive registered form, provided that the definitive Senior Notes so issued in exchange for
this Senior Note shall be in denominations of $100,000, or any integral multiple of $1,000 in
excess thereof and be of like aggregate principal amount and tenor as the portion of this Senior
Note to be exchanged. Except as provided above or in the Eighteenth Supplemental Indenture, owners
of beneficial interests in this Senior Note will not be entitled to have Senior Notes registered in
their names, will not receive or be entitled to physical delivery of Senior Notes in definitive
registered form and will not be considered the holders thereof for any purpose under the Indenture.
Neither the Company, the Trustee, any Paying Agent nor the Security Registrar shall have any

A-6

 

responsibility or liability for any aspect of records relating to or payments made on account of
beneficial ownership interests in this Senior Note, or for maintaining, supervising or reviewing
any records relating to such beneficial ownership interests.

     3. If an Event of Default with respect to the Senior Notes shall occur and be continuing, the
principal of the Senior Notes may be declared due and payable in the manner, with the effect and
subject to the conditions provided in the Indenture.

     4. 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 under the Indenture at any time by the Company and the Trustee with the consent of
the holders of not less than a majority in aggregate 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 Senior Notes at the time Outstanding,
on behalf of the holders of all Senior Notes, 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 Senior Note shall be conclusive and binding upon
such holder and upon all future holders of this Senior Note and of any Senior Note issued upon the
registration of transfer hereof or in exchange hereof or in lieu hereof, whether or not notation of
such consent or waiver is made upon this Senior Note.

     5. The Indenture contains provisions for defeasance at any time of (a) the entire indebtedness
of the Company pursuant to this Senior Note and (b) restrictive covenants and the related Events of
Default, upon compliance by the Company with certain conditions set forth therein, which provisions
apply to this Senior Note.

     6. This Senior Note will be redeemable at the Company’s option, in whole or in part, at any
time and from time to time (any such date fixed for redemption, an “Optional Redemption Date”), at
a redemption price equal to the greater of 100% of the principal amount to be redeemed plus accrued
and unpaid interest to, but excluding, such Optional Redemption Date and the “Make-Whole
Redemption Amount” (as defined below).

          “Make-Whole Redemption Amount” means the sum, as calculated by the Premium Calculation Agent,
of the present values of the remaining scheduled payments of principal and interest on the Senior
Notes to be redeemed (not including any portion of those payments of interest accrued as of such
Optional Redemption Date), discounted from their respective scheduled payment dates to such
Optional Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at the Treasury Rate plus 30 basis points plus, in each case, accrued and unpaid
interest thereon to, but excluding, such Optional Redemption Date.

          For purposes of the preceding
definitions:

A-7

 

	 	(i)	 	“Treasury Rate” means, with
respect to any Optional
Redemption Date, the rate per
annum equal to the semi-annual
equivalent yield to maturity
of the Comparable Treasury
Issue, calculated using a
price for the Comparable
Treasury Issue (expressed as a
percentage of its principal
amount) equal to the
Comparable Treasury Price for
such Optional Redemption Date.
The Treasury Rate will be
calculated on the third
Business Day preceding such
Optional Redemption Date.
	 
	 	(ii)	 	“Premium Calculation Agent”
means an investment banking
institution of national
standing appointed by the
Company.
	 
	 	(iii)	 	“Comparable Treasury Issue”
means the U.S. Treasury
security selected by the
Premium Calculation Agent as
having a maturity comparable
to the term remaining from
such Optional Redemption Date
to the Stated Maturity
of the Senior Notes (the
“Remaining Life”) 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
Life.
	 
	 	(iv)	 	“Comparable Treasury Price”
means, with respect to such
Optional Redemption Date,
(1) the average of five
Reference Treasury Dealer
Quotations for such Optional
Redemption Date, after
excluding the highest and
lowest Reference Treasury
Dealer Quotations, or (2) if
the Premium Calculation Agent
obtains fewer than five such
Reference Treasury Dealer
Quotations, the average of all
such quotations.
	 
	 	(v)	 	“Reference Treasury Dealers”
means (1) Deutsche Bank
Securities Inc. and UBS
Securities LLC and their
successors; provided, however,
that if any of the foregoing
shall cease to be a primary
U.S. government securities
dealer in the United States (a
“Primary Treasury Dealer”) the
Company will substitute
therefor another Primary
Treasury Dealer, and (2) any
other Primary Treasury Dealers
selected by the Premium
Calculation Agent after
consultation with the Company.
	 
	 	(vi)	 	“Reference Treasury Dealer
Quotations” means, with
respect to each Reference
Treasury Dealer and any
Optional Redemption Date, the
average, as determined by the
Premium Calculation Agent of
the bid and ask prices for the
Comparable Treasury Issue
(expressed in each case as a
percentage of its principal
amount) quoted in writing to
the Premium Calculation Agent
by such Reference Treasury
Dealer at 3:30 p.m., New York
City time, on the third
Business Day preceding such
Optional Redemption Date.

     7. The Trustee shall not be responsible for calculating said Redemption Price.

     8. If less than all of the Senior Notes are to be redeemed, the Trustee will select the Senior
Notes or portions of Senior Notes to be redeemed by such method as the Trustee deems fair and
appropriate. The Trustee may select for redemption Senior Notes and portions of Senior Notes in
amounts of $1,000 and any integral multiples of $1,000 in

A-8

 

excess thereof (provided that the unredeemed portion of any Senior Notes to be redeemed in
part shall not be less than $100,000).

     9. If, for any reason, (i) the Company’s proposed acquisition of all of the outstanding shares
of capital stock of American Life Insurance Company and Delaware American Life Insurance Company
(the “Acquisition”) is not consummated on or prior to July 10, 2011 or (ii) the Stock Purchase
Agreement, dated as of March 7, 2010, among the Company, American International Group, Inc., a
Delaware corporation, and ALICO Holdings LLC, a Delaware limited liability company (the “Stock
Purchase Agreement”), is terminated on or prior to July 10, 2011, the Company shall redeem all of
the Senior Notes on the Special Mandatory Redemption Date (as defined below) at the Special
Mandatory Redemption Price (as defined below). Promptly after the occurrence of the event
triggering such redemption, the Company shall furnish the Trustee with an Officers’ Certificate to
the effect that such event has occurred and, promptly after the occurrence of the event triggering
such redemption, the Company shall either (i) give notice of such redemption to the holders of the
Senior Notes in accordance with Section 3.02 of the Indenture or (ii) cause the Trustee to give
such notice in the Company’s name and at its expense, by providing a written request to the
Trustee, signed by the Company’s President, Treasurer or any Vice President; provided, however,
that such request is received by the Trustee at least five (5) Business Days prior to the date the
Trustee is requested to give notice of such redemption to the holders of the Senior Notes. In such
event, the Company shall provide the Trustee with the information required by Section 3.02 of the
Indenture. Such notice having been duly given, the redemption of the Senior Notes shall be made
upon the terms and in the manner stated in Sections 3.02 and 3.03 of the Indenture, to the extent
applicable and to the extent not inconsistent with Section 1.09 of the Eighteenth Supplemental
Indenture.

          If funds sufficient to pay the Special Mandatory Redemption Price of all of the Senior Notes
to be redeemed on the Special Mandatory Redemption Date are deposited with a Paying Agent or the
Trustee on or before such Special Mandatory Redemption Date, on and after such Special Mandatory
Redemption Date, the Senior Notes will cease to bear interest and, other than the right to receive
the Special Mandatory Redemption Price, all rights under the Senior Notes shall terminate.

          “Special Mandatory Redemption Date” means the earlier to occur of (i) July 31, 2011 if the
Acquisition has not been completed on or prior to July 10, 2011 or (ii) the 30th day (or
if such day is not a Business Day, the first Business Day thereafter) following the termination of
the Stock Purchase Agreement.

          “Special Mandatory Redemption Price” means 101% of the aggregate principal amount of the
Senior Notes together with accrued and unpaid interest to but excluding the Special Mandatory
Redemption Date.

     10. No reference herein to the Indenture and no provision of this Senior 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, and interest due on this Senior Note at the time,
place and rate, and in the coin or currency, herein prescribed.

A-9

 

     11. (a) As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Senior Note is registrable in the Security Register, upon surrender of this Senior
Note for registration of transfer at the office or agency of the Company for such purpose, duly
endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company
or the Security Registrar and duly executed by, the holder hereof or his attorney duly authorized
in writing, and thereupon one or more new Senior Notes, of authorized denominations and of like
tenor and for the same aggregate principal amount, will be issued to the designated transferee or
transferees. No service charge shall be made for any such exchange or registration of transfer, but
the Company will require payment of a sum sufficient to cover any tax or other governmental charge
payable in connection therewith.

          (b) Prior to due presentment of this Senior Note for registration of transfer, the Company,
the Trustee, any Paying Agent and the Security Registrar of the Company or the Trustee may deem and
treat the Person in whose name this Senior Note is registered as the absolute owner hereof for all
purposes (subject to Section 1.03(a) of the Eighteenth Supplemental Indenture), whether or not this
Senior Note be overdue and notwithstanding any notice of ownership or writing thereon made by
anyone other than the Security Registrar, and neither the Company nor the Trustee nor any Paying
Agent nor the Security Registrar shall be affected by notice to the contrary. Except as provided in
Section 1.03(a) of the Eighteenth Supplemental Indenture, all payments of the principal of and
premium, if any, and interest due on this Senior Note made to or upon the order of the registered
holder hereof shall, to the extent of the amount or amounts so paid, effectually satisfy and
discharge liability for moneys payable on this Senior Note.

          (c) The Senior Notes are issuable only in registered form without coupons in denominations of
$100,000, or any integral multiple of $1,000 in excess thereof. As provided in the Indenture and
subject to certain limitations therein set forth, Senior Notes are exchangeable for a like
aggregate principal amount of Senior Notes of a different authorized denomination, as requested by
the holder surrendering the same upon surrender of the Senior Note or Senior Notes to be exchanged
at the office or agency of the Company.

     12. No recourse shall be had for payment of the principal of, premium, if any, or interest on
this Senior Note, or for any claim based hereon, or otherwise in respect hereof, or based on or in
respect of the Indenture, against any incorporator, stockholder, officer or director, past, present
or future, as such, of the Company or of any predecessor or successor corporation, whether by
virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or
penalty or otherwise, all such liability being, by the acceptance hereof and as part of the
consideration for the issuance hereof, expressly waived and released.

     13. This Senior Note shall be deemed to be a contract made under the internal laws of the State of
New York, and for all purposes shall be construed in accordance with the laws of said State.

A-10

 

ABBREVIATIONS

          The following abbreviations, when used in the inscription on the face of this instrument,
shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 

	TEN COM — as tenants in common

	 	UNIF GIFT MIN ACT — Custodian under
	 
	 	   Uniform Gift to Minors Act
	 

	 	                                                            
	 

	 	(State)

TEN ENT — as tenants by the entireties

			
	JT TEN	—	   as joint tenants with right of

survivorship and not as tenants

in common.

          Additional abbreviations may also be used though not on the above list.

FOR VALUE RECEIVED, the undersigned hereby sell(s) and transfer(s) unto

PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE OF ASSIGNEE

 

 

 

(please insert Social Security or other identifying number of assignee)

the within Note and all rights thereunder, hereby irrevocably constituting and appointing

 

 

 

agent to transfer said Note on the books of the Company, with full power of substitution in the
premises.

	 	 	 

	Dated:                     
	 	 
	 

	 	 
	 

	 	NOTICE: The signature to this assignment must
correspond with the name as written upon the face
of the within instrument in every particular
without alteration or enlargement, or any change
whatsoever.

A-11exv4w4

Exhibit 4.4

 

Nineteenth Supplemental Indenture

between

MetLife, Inc.,

as Issuer,

and

The Bank of New York Mellon Trust Company, N.A.,

as Trustee

Dated as of August 6, 2010

 

 

 

Table of Contents

	 	 	 	 	 
	 	 	Page	 
	ARTICLE I
	 	 	 	 
	Floating Rate Senior Notes
	 	 	 	 
	 
	 	 	 	 
	SECTION 1.01 Definitions
	 	 	1	 
	SECTION 1.02 Establishment
	 	 	3	 
	SECTION 1.03 Payment of Principal and Interest
	 	 	4	 
	SECTION 1.04 Denominations
	 	 	6	 
	SECTION 1.05 Global Securities
	 	 	6	 
	SECTION 1.06 Transfer
	 	 	7	 
	SECTION 1.07 Defeasance
	 	 	7	 
	SECTION 1.08 Special Mandatory Redemption
	 	 	7	 
	SECTION 1.09 No Sinking Fund
	 	 	8	 
	 
	 	 	 	 
	ARTICLE II
	 	 	 	 
	Miscellaneous Provisions
	 	 	 	 
	 
	 	 	 	 
	SECTION 2.01 Floating Rate Senior Notes Unaffected by Other Supplemental
Indentures
	 	 	8	 
	SECTION 2.02 Trustee Not Responsible for Recitals
	 	 	9	 
	SECTION 2.03 Ratification and Incorporation of Original Indenture
	 	 	9	 
	SECTION 2.04 Governing Law
	 	 	9	 
	SECTION 2.05 Separability
	 	 	9	 
	SECTION 2.06 Executed in Counterparts
	 	 	9	 
	 
	 	 	 	 
	EXHIBIT A Form of Floating Rate Senior Notes due 2013
	 	 	A-1	 

ii

 

     NINETEENTH SUPPLEMENTAL INDENTURE, dated as of August 6, 2010 (this “Nineteenth Supplemental
Indenture”), between MetLife, Inc., a Delaware corporation (the “Company”), and The Bank of New
York Mellon Trust Company, N.A., as trustee (the “Trustee”), supplementing the Indenture, dated as
of November 9, 2001 (the “Original Indenture”), between the Company and The Bank of New York Mellon
Trust Company, N.A. (as successor in interest to J.P. Morgan Trust Company, National Association
(as successor to Bank One Trust Company, N.A.)), as trustee.

Recitals

     WHEREAS, the Company executed and delivered the Original Indenture to the Trustee to provide
for the future issuance of the Company’s senior debt securities (the “Securities”), to be issued
from time to time in one or more series as might be determined by the Company under the Original
Indenture;

     WHEREAS, pursuant to the terms of the Original Indenture and this Nineteenth Supplemental
Indenture (together, the “Indenture”), the Company desires to provide for the establishment of a
new series of Securities to be known as the Floating Rate Senior Notes due 2013 (the “Floating Rate
Senior Notes”), the form and substance of such Floating Rate Senior Notes, and the terms,
provisions and conditions thereof to be set forth herein as provided in the Indenture;

     WHEREAS, the Company has requested that the Trustee, in respect to the Floating Rate Senior
Notes, execute and deliver this Nineteenth Supplemental Indenture in such capacity; and

     WHEREAS, all requirements necessary to make this Nineteenth Supplemental Indenture a valid
instrument in accordance with its terms and to make the Floating Rate Senior Notes, when executed
by the Company and authenticated and delivered by the Trustee, the valid obligations of the
Company, have been done and performed, and the execution and delivery of this Nineteenth
Supplemental Indenture has been duly authorized in all respects;

     NOW THEREFORE, in consideration of the purchase and acceptance of the Floating Rate Senior
Notes by the holders thereof, and for the purpose of setting forth, as provided in the Indenture,
the form and substance of the Floating Rate Senior Notes, and the terms, provisions and conditions
thereof, the parties hereto hereby agree as follows:

ARTICLE I

Floating Rate Senior Notes

          SECTION 1.01 Definitions.

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

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

1

 

     (b) the definition of any term in this Nineteenth Supplemental Indenture that is also defined
in the Original Indenture, shall for the purposes of this Nineteenth Supplemental Indenture
supersede the definition of such term in the Original Indenture;

     (c) a term defined anywhere in this Nineteenth Supplemental Indenture has the same meaning
throughout;

     (d) the definition of a term in this Nineteenth Supplemental Indenture is not intended to have
any effect on the meaning or definition of an identical term that is defined in the Original
Indenture insofar as the use or effect of such term in the Original Indenture, as previously
defined, is concerned;

     (e) the singular includes the plural and vice versa;

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

     (g) the following terms have the meanings given to them in this Section 1.01(g):

     “Acquisition” means the Company’s proposed acquisition of all of the outstanding shares of
capital stock of American Life Insurance Company and Delaware American Life Insurance Company.

     “Business
Day Convention” has the meaning ascribed to such term in Section 1.03(e) of this
Nineteenth Supplemental Indenture.

     “Calculation Agent” has the meaning ascribed to such term in the Calculation Agent Agreement,
dated as of the date hereof, by and between the Company and The Bank of New York Mellon Trust
Company, N.A., as Calculation Agent.

     “Initial Interest Period” means the period from and including the original issue date to but
excluding the first Interest Reset Date.

     “Interest Payment Date” means February 6, May 6, August 6 and November 6 of each year,
beginning on November 6, 2010.

     “Interest Determination Date” means the second London Banking Day immediately preceding the
original issue date, in the case of the Initial Interest Period, or thereafter, the second London
Banking Day immediately preceding the applicable Interest Reset Date.

     “Interest Period” means, following the Initial Interest Period, the period from and including
an Interest Reset Date to but excluding the immediately succeeding Interest Reset Date; provided
that that final Interest Period for the Floating Rate Senior Notes will be the period from, and
including, the Interest Reset Date immediately preceding the Stated Maturity, to, but excluding,
the Stated Maturity.

2

 

     “Interest Reset Date” has the meaning ascribed to such term in Section 1.03(a) of this
Nineteenth Supplemental Indenture.

     “London Banking Day” means any day in which dealings in U.S. dollars are transacted or, with
respect to any future date, are expected to be transacted in the London interbank market.

     “Original Issue Date” means August 6, 2010.

     “Regular Record Date” means, with respect to each Interest Payment Date, the close of business
on the fifteenth calendar day (whether or not a Business Day) immediately preceding the related
Interest Payment Date.

     “Reuters Screen LIBOR01 Page” has the meaning ascribed to such term in Section 1.03(c)(i) of
this Nineteenth Supplemental Indenture.

     “Special Mandatory Redemption Date” means the earlier to occur of (i) July 31, 2011 if the
Acquisition has not been completed on or prior to July 10, 2011 or (ii) the 30th day (or
if such day is not a Business Day, the first Business Day thereafter) following the termination of
the Stock Purchase Agreement.

     “Special Mandatory Redemption Price” means 101% of the aggregate principal amount of the
Floating Rate Senior Notes together with accrued and unpaid interest to but excluding the Special
Mandatory Redemption Date.

     “Stated Maturity” means August 6, 2013.

     “Stock Purchase Agreement” means the Stock Purchase Agreement, dated as of March 7, 2010,
among the Company, American International Group, Inc., a Delaware corporation, and ALICO Holdings
LLC, a Delaware limited liability company.

     “Three-Month LIBOR” has the meaning ascribed to such term in Section 1.03(c)(i) of this
Nineteenth Supplemental Indenture.

          SECTION 1.02 Establishment.

     (a) There is hereby established a new series of Securities to be issued under the Indenture,
to be designated as the Company’s Floating Rate Senior Notes due 2013.

     (b) There are to be authenticated and delivered Floating Rate Senior Notes in an initial
aggregate principal amount of $250,000,000, and no further Floating Rate Senior Notes shall be
authenticated and delivered except as provided by Section 2.05, 2.07, 2.11, 3.03 or 9.04 of the
Original Indenture; provided, however, that the aggregate principal amount of the Floating Rate
Senior Notes may be increased in the future with no limit, without the consent of the holders of
the Floating Rate Senior Notes, on the same terms and with the same CUSIP and ISIN numbers as the
Floating Rate Senior Notes, except for the issue price, Original Issue Date and, if applicable, the
first Interest Payment Date and the initial interest accrual date, provided that no Event of
Default with

3

 

respect to the Floating Rate Senior Notes shall have occurred and be continuing. The Floating
Rate Senior Notes shall be issued in fully registered form, without coupons.

     (c) The Floating Rate Senior Notes shall be issued in the form of one or more Global
Securities, registered in the name of the Depositary or its nominee. Each Global Security and the
Trustee’s Certificate of Authentication thereof, shall be in substantially the form set forth in
Exhibit A hereto. The Depositary with respect to the Floating Rate Senior Notes shall be The
Depository Trust Company (the “Depositary”).

     (d) Each Floating Rate Senior Note shall be dated the date of authentication thereof and shall
bear interest from the Original Issue Date or from the most recent Interest Payment Date to which
interest has been paid or duly provided for.

          SECTION 1.03 Payment of Principal and Interest.

     (a) The principal of the Floating Rate Senior Notes shall be due at the Stated Maturity. The
unpaid principal amount of the Floating Rate Senior Notes shall bear interest at a floating rate
equal to Three-Month LIBOR for the Initial Interest Period or the applicable Interest Period, as
the case may be, reset quarterly on each Interest Payment Date, subject to the Business Day
Convention (each, an “Interest Reset Date”), plus 1.25% per year, until paid or duly provided for.
Interest shall be paid quarterly in arrears on each Interest Payment Date, beginning on November 6,
2010, to the Person in whose name the Floating Rate Senior Notes are registered on the Regular
Record Date for such Interest Payment Date, provided, that interest payable at the Stated Maturity
of principal or upon redemption will be paid to the Person to whom principal is payable. Any such
interest that is not so punctually paid or duly provided for will forthwith cease to be payable to
the holders on such Regular Record Date and may be paid as provided in Section 2.03 of the Original
Indenture.

     (b) The interest rate for the Floating Rate Senior Notes in effect on each day will be (i) if
that day is an Interest Reset Date, the interest rate determined as of the Interest Determination
Date immediately preceding such Interest Reset Date or (ii) if that day is not an Interest Reset
Date, the interest rate determined as of the Interest Determination Date immediately preceding the
most recent Interest Reset Date or the Original Issue Date, as the case may be.

     (c) Three-Month LIBOR will be determined by the Calculation Agent as of the applicable
Interest Determination Date in accordance with the following provisions:

     (i) “Three-Month LIBOR” means the rate for deposits in U.S. dollars for the
three-month period which appears on Reuters Screen LIBOR01 Page (as defined below) at
approximately 11:00 a.m., London time, on the applicable Interest Determination Date.
“Reuters Screen LIBOR01 Page” means the display designated on page “LIBOR01” on Reuters
Screen (or such other page as may replace the LIBOR01 page on that service, any successor
service or such other services as may be nominated by the British Bankers’ Association for
the purpose of displaying London interbank offered rates for U.S.

4

 

dollar deposits). If no such rate appears on Reuters Screen LIBOR01 Page, Three-Month
LIBOR for such Interest Determination Date will be determined in accordance with the
provisions of paragraph (ii) below.

     (ii) With respect to an Interest Determination Date on which no rate for deposits in
U.S. dollars for the three-month period appears on Reuters Screen LIBOR01 Page as of
approximately 11:00 a.m., London time, on such Interest Determination Date, the Calculation
Agent shall request the principal London offices of each of four major reference banks in
the London interbank market selected by the Calculation Agent (after consultation with the
Company) to provide the Calculation Agent with a quotation of the rate at which deposits of
U.S. dollars having a three-month maturity, commencing on the second London Banking Day
immediately following such Interest Determination Date, are offered by it to prime banks in
the London interbank market as of approximately 11:00 a.m., London time, on such Interest
Determination Date in a principal amount equal to an amount of not less than U.S.
$1,000,000 that is representative for a single transaction in such market at such time. If
at least two such quotations are provided, Three-Month LIBOR for such Interest
Determination Date will be the arithmetic mean of such quotations as calculated by the
Calculation Agent. If fewer than two quotations are provided, Three-Month LIBOR for such
Interest Determination Date will be the arithmetic mean of the rates quoted as of
approximately 11:00 a.m., New York City time, on such Interest Determination Date by three
major banks in the United States selected by the Calculation Agent (after consultation with
the Company) for loans in U.S. dollars to leading European banks having a three-month
maturity commencing on the second London Banking Day immediately following such Interest
Determination Date and in a principal amount equal to an amount of not less than U.S.
$1,000,000 that is representative for a single transaction in such market at such time;
provided, however, that if the banks selected as aforesaid by the Calculation Agent are not
quoting such rates as mentioned in this sentence, Three-Month LIBOR for such Interest
Determination Date will be Three-Month LIBOR determined with respect to the immediately
preceding Interest Determination Date.

All percentages resulting from any calculation of any interest rate for the Floating Rate Senior
Notes will be rounded, if necessary, to the nearest one hundred thousandth of a percentage point,
with five one-millionths of a percentage point rounded upward, e.g., 9.876545% (or .09876545) would
be rounded to 9.87655% (or .0987655), and all dollar amounts will be rounded to the nearest cent,
with one-half cent being rounded upward.

     (d) Payments of interest on the Floating Rate Senior Notes will include interest accrued to
but excluding the respective Interest Payment Dates. Interest payments for the Floating Rate Senior
Notes shall be computed and paid on the basis of the actual number of days elapsed in the Initial
Interest Period or the Interest Period, as applicable, over a 360-day year.

5

 

     (e) If any Interest Payment Date (other than the Stated Maturity or a Special Mandatory
Redemption Date) is not a Business Day, that Interest Payment Date will be postponed to the next
succeeding day that is a Business Day, except that if such Business Day is in the immediately
succeeding calendar month, such Interest Payment Date (other than the Stated Maturity or a Special
Mandatory Redemption Date) will be the immediately preceding Business Day (the “Business Day
Convention”). If the Stated Maturity or a Special Mandatory Redemption Date is not a Business Day,
interest and principal and premium (if any) will be payable on the next day that is a Business Day
and no interest will accrue for the period from and after the Stated Maturity Date or Special
Mandatory Redemption Date, as the case may be.

     (f) All payments of the principal of, and premium, if any, and interest due on the Floating
Rate Senior Notes at the Stated Maturity or upon redemption will be made upon surrender of the
Floating Rate Senior Notes at the Corporate Trust Office of the Trustee in the Borough of
Manhattan, The City of New York.

     (g) The principal of, and premium, if any, and interest due on the Floating Rate Senior Notes
shall be paid 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. Payments of interest (including interest on
any Interest Payment Date) will be made, subject to such surrender where applicable and subject, in
the case of a Global Security, to the Trustee’s arrangements with the Depositary, at the option of
the Company, (i) by check mailed to the address of the Person entitled thereto as such address
shall appear in the Security Register or (ii) by wire transfer at such place and to such account at
a banking institution in the United States of America as may be designated in writing to the
Trustee at least 15 days prior to the date for payment by the Person entitled thereto.

          SECTION 1.04 Denominations.

     The Floating Rate Senior Notes may be issued in denominations of $100,000, or any integral
multiple of $1,000 in excess thereof.

          SECTION 1.05 Global Securities.

     (a) Except under the limited circumstances described below, Floating Rate Senior Notes
represented by Global Securities will not be exchangeable for, and will not otherwise be issuable
as, Floating Rate Senior Notes in definitive form. The Global Securities described above may not be
transferred except by the Depositary to a nominee of the Depositary or by a nominee of the
Depositary to the Depositary or another nominee of the Depositary or to a successor Depositary or
its nominee.

     (b) Except as otherwise provided in this Nineteenth Supplemental Indenture, owners of
beneficial interests in such Global Securities will not be considered the holders thereof for any
purpose under the Indenture, and no Global Security representing a Floating Rate Senior Note shall
be exchangeable, except for another Global Security of like denomination and to be registered in
the name of the Depositary or its nominee or to

6

 

a successor Depositary or its nominee. The rights of holders of such Global Securities shall
be exercised only through the Depositary.

     (c) A Global Security shall be exchangeable in whole or, from time to time, in part for
Floating Rate Senior Notes in definitive registered form only as provided in the Indenture. If (i)
at any time the Depositary notifies the Company that it is unwilling or unable to continue as
Depositary for the Floating Rate Senior Notes or if at any time the Depositary shall no longer be
registered or in good standing under the Securities Exchange Act of 1934, as amended, or other
applicable statute or regulation, and the Company does not appoint a successor Depositary within 90
days after the Company receives such notice or becomes aware of such condition, as the case may be,
or (ii), subject to the procedures of the Depositary, the Company in its sole discretion determines
that the Floating Rate Senior Notes shall be exchangeable for Floating Rate Senior Notes in
definitive registered form and executes and, in each case, delivers to the Security Registrar a
written order of the Company providing that the Floating Rate Senior Notes shall be so
exchangeable, the Floating Rate Senior Notes shall be exchangeable for Floating Rate Senior Notes
in definitive registered form, provided that the definitive Floating Rate Senior Notes so issued in
exchange for the Floating Rate Senior Notes shall be in denominations of $100,000 and integral
multiples of $1,000 in excess thereof and be of like aggregate principal amount and tenor as the
portion of the Floating Rate Senior Notes to be exchanged. Except as provided herein, owners of
beneficial interests in the Floating Rate Senior Notes will not be entitled to have Floating Rate
Senior Notes registered in their names, will not receive or be entitled to physical delivery of
Floating Rate Senior Notes in definitive registered form and will not be considered the holders
thereof for any purpose under the Indenture. Neither the Company, the Trustee, any Paying Agent
nor the Security Registrar shall have any responsibility or liability for any aspect of records
relating to or payments made on account of beneficial ownership interests in the Floating Rate
Senior Notes, or for maintaining, supervising or reviewing any records relating to such beneficial
ownership interests. Any Global Security that is exchangeable pursuant to this Section 1.05(c)
shall be exchangeable for Floating Rate Senior Notes registered in such names as the Depositary
shall direct.

          SECTION 1.06 Transfer.

     No service charge will be made for any registration of transfer or exchange of Floating Rate
Senior Notes, but payment will be required of a sum sufficient to cover any tax or other
governmental charge that may be imposed in connection therewith.

          SECTION 1.07 Defeasance.

     The provisions of Sections 13.02 and 13.03 of the Original Indenture will apply to the
Floating Rate Senior Notes.

          SECTION 1.08 Special Mandatory Redemption.

     If, for any reason, (i) the Acquisition is not consummated on or prior to July 10, 2011 or
(ii) the Stock Purchase Agreement is terminated on or prior to July 10, 2011, the

7

 

Company shall redeem all of the Floating Rate Senior Notes on the Special Mandatory Redemption
Date at the Special Mandatory Redemption Price.

     Promptly after the occurrence of the event triggering such redemption, the Company shall
furnish the Trustee with an Officers’ Certificate to the effect that such event has occurred and,
promptly after the occurrence of the event triggering such redemption, the Company shall either (i)
give notice of such redemption to the holders of the Floating Rate Senior Notes in accordance with Section 3.02
of the Indenture or (ii) cause the Trustee to give such notice in the Company’s name and at its
expense, by providing a written request to the Trustee, signed by the Company’s President,
Treasurer or any Vice President; provided, however, that such written request is received by the
Trustee at least five (5) Business Days prior to the date the Trustee is requested to give notice
of such redemption to the holders of the Floating Rate Senior Notes. In such event, the Company
shall provide the Trustee with the information required by Section 3.02 of the Indenture. Such
notice having been duly given, the redemption of the Floating Rate Senior Notes shall be made upon
the terms and in the manner stated in Sections 3.02 and 3.03 of the Indenture, to the extent
applicable and to the extent not inconsistent with this Section 1.08.

     If funds sufficient to pay the Special Mandatory Redemption Price of all of the Floating Rate
Senior Notes to be redeemed on the Special Mandatory Redemption Date are deposited with a Paying
Agent or the Trustee on or before such Special Mandatory Redemption Date, on and after such Special
Mandatory Redemption Date, the Floating Rate Senior Notes will cease to bear interest and, other
than the right to receive the Special Mandatory Redemption Price, all rights under the Floating
Rate Senior Notes shall terminate.

          SECTION 1.09 No Sinking Fund

     The Floating Rate Senior Notes shall not be entitled to any sinking fund.

ARTICLE II

Miscellaneous Provisions

     This Nineteenth Supplemental Indenture will become effective upon its execution and delivery.

SECTION 2.01 Floating Rate Senior Notes Unaffected by Other Supplemental
Indentures.

     None of the Company’s other supplemental indentures to the Original Indenture entered into on
or prior to the date hereof applies to the Floating Rate Senior Notes. To the extent the terms of
the Original Indenture were amended by any of such other supplemental indentures, no such amendment
shall relate or apply to the Floating Rate Senior Notes. To the extent the terms of the Original
Indenture are amended as provided herein, no such amendment shall in any way affect the terms of
any such other supplemental indenture or any other series of Securities. This Nineteenth
Supplemental Indenture shall relate and apply solely to the Floating Rate Senior Notes.

8

 

          SECTION 2.02 Trustee Not Responsible for Recitals.

     The recitals herein contained are made by the Company and not by the Trustee, and the Trustee
assumes no responsibility for the correctness thereof. The Trustee makes no representation as to
the validity or sufficiency of this Nineteenth Supplemental Indenture or the Floating Rate Senior
Notes.

          SECTION 2.03 Ratification and Incorporation of Original Indenture.

     As supplemented hereby, the Original Indenture is in all respects ratified and confirmed, and
the Original Indenture and this Nineteenth Supplemental Indenture shall be read, taken and
construed as one and the same instrument.

          SECTION 2.04 Governing Law.

     This Nineteenth Supplemental Indenture shall be deemed to be a contract made under the
internal laws of the State of New York, and for all purposes shall be construed in accordance with
the laws of said State.

          SECTION 2.05 Separability.

     In case any one or more of the provisions contained in this Nineteenth Supplemental Indenture
or in the Floating Rate Senior Notes shall for any reason be held to be invalid, illegal or
unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any
other provisions of this Nineteenth Supplemental Indenture or of the Floating Rate Senior Notes,
but this Nineteenth Supplemental Indenture and the Floating Rate Senior Notes shall be construed as
if such invalid or illegal or unenforceable provision had never been contained herein or therein.

          SECTION 2.06 Executed in Counterparts.

     This Nineteenth Supplemental Indenture may be executed in any number of counterparts, each of
which shall be an original; but such counterparts shall together constitute but one and the same
instrument.

9

 

     In Witness Whereof, the parties hereto have caused this Nineteenth
Supplemental Indenture to be duly executed by their respective officers thereunto duly authorized,
all as of the day and year first above written.

	 	 	 	 	 
	 	MetLife, Inc.,

as Issuer

 	 
	 	By:  	/s/ Steven
J. Goulart	 
	 	 	Name:  	Steven
J. Goulart	 
	 	 	Title:  	Senior Vice President and Treasurer	 
	 
	 	The Bank of New York Mellon Trust Company, N.A.,

as Trustee

 	 
	 	By:  	/s/ Richard
Tarnas	 
	 	 	Name:  	Richard
Tarnas	 
	 	 	Title:  	Authorized Signatory	 
	 

Nineteenth Supplemental Indenture

 

 

EXHIBIT A

(FORM OF FLOATING RATE SENIOR NOTES DUE 2013)

     THIS FLOATING RATE SENIOR NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE ORIGINAL
INDENTURE HEREINAFTER REFERRED TO. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”), A NEW YORK CORPORATION, TO METLIFE, 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.

     EXCEPT AS OTHERWISE PROVIDED IN SECTION 2.11 OF THE ORIGINAL INDENTURE, THIS FLOATING RATE
SENIOR NOTE MAY BE TRANSFERRED IN WHOLE, BUT NOT IN PART, ONLY TO DTC, TO ANOTHER NOMINEE OF DTC OR
TO A SUCCESSOR DEPOSITARY OR TO A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.

A-1

 

			
	 	 	 
	No. [•]
	 	CUSIP No.: [•]
	 
	 	ISIN No.: [•]

MetLife, Inc.

Global Certificate initially representing

$[•] aggregate principal amount of

Floating Rate Senior Notes Due 2013

	 	 	 

	Regular Record Date:

	 	With respect to each Interest Payment Date, the close
of business on the fifteenth calendar day (whether or
not a Business Day) immediately preceding the related
Interest Payment Date.
	 
	 	 
	Original Issue Date:

	 	August 6, 2010
	 
	 	 
	Stated Maturity:

	 	August 6, 2013
	 
	 	 
	Interest Payment Dates:

	 	February 6, May 6, August 6 and November 6, beginning on November 6, 2010
	 
	 	 
	Interest Rate:

	 	Three-Month LIBOR for the Initial Interest Period
or the applicable Interest Period, as the case
may be, reset quarterly on each Interest Reset
Date, plus 1.25% per year.
	 
	 	 
	Authorized Denomination:

	 	$100,000, or any integral multiple of $1,000 in
excess thereof.

     This Global Certificate is in respect of a duly authorized issue of Floating Rate Senior Notes
due 2013 (the “Floating Rate Senior Notes”) of MetLife, Inc., a Delaware corporation (the
“Company,” which term includes any successor corporation under the Indenture referred to on the
reverse hereof). The Company, for value received, hereby promises to pay to Cede & Co., or
registered assigns, the amount of principal of the Floating Rate Senior Notes represented by this
Global Certificate on the Stated Maturity shown above, and to pay interest thereon from the
Original Issue Date shown above, or from the most recent Interest Payment Date to which interest
has been paid or duly provided for, quarterly in arrears on each Interest Payment Date as specified
above, beginning on November 6, 2010, and on the Stated Maturity at the Interest Rate per year
described above until the principal hereof is paid or made available for payment and on any overdue
principal and on any overdue installment of interest at such rate to the extent permitted by law.
The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date
(other than an Interest Payment Date that is the Stated Maturity or the Special Mandatory
Redemption Date) will, as provided in the Indenture, be paid to the Person in whose name this
Floating Rate Senior Note is registered on the Regular Record Date as
specified above next preceding such Interest Payment Date, provided that any interest payable at
Stated Maturity or on the Special Mandatory Redemption Date will be paid to the Person to whom
principal is payable. Any such interest that is not so punctually paid or duly provided for will

A-2

 

forthwith cease to be payable to the holders on such Regular Record Date and may be paid as
provided in Section 2.03 of the Original Indenture.

     The Interest Rate for the Floating Rate Senior Notes in effect on each day will be (i) if that
day is an Interest Reset Date, the Interest Rate determined as of the Interest Determination Date
immediately preceding such Interest Reset Date or (ii) if that day is not an Interest Reset Date,
the Interest Rate determined as of the Interest Determination Date immediately preceding the most
recent Interest Reset Date or the Original Issue Date, as the case may be.

     Three-Month LIBOR will be determined by the Calculation Agent as of the applicable Interest
Determination Date in accordance with the following provisions:

     (i) “Three-Month LIBOR” means the rate for deposits in U.S. dollars for the three-month period
which appears on Reuters Screen LIBOR01 Page (as defined below) at approximately 11:00 a.m., London
time, on the applicable Interest Determination Date. “Reuters Screen LIBOR01 Page” means the
display designated on page “LIBOR01” on Reuters Screen (or such other page as may replace the
LIBOR01 page on that service, any successor service or such other services as may be nominated by
the British Bankers’ Association for the purpose of displaying London interbank offered rates for
U.S. dollar deposits). If no such rate appears on Reuters Screen LIBOR01 Page, Three-Month LIBOR
for such Interest Determination Date will be determined in accordance with the provisions of
paragraph (ii) below.

     (ii) With respect to an Interest Determination Date on which no rate for deposits in U.S.
dollars for the three-month period appears on Reuters Screen LIBOR01 Page as of approximately 11:00
a.m., London time, on such Interest Determination Date, the Calculation Agent shall request the
principal London offices of each of four major reference banks in the London interbank market
selected by the Calculation Agent (after consultation with the Company) to provide the Calculation
Agent with a quotation of the rate at which deposits of U.S. dollars having a three-month maturity,
commencing on the second London Banking Day immediately following such Interest Determination Date,
are offered by it to prime banks in the London interbank market as of approximately 11:00 a.m.,
London time, on such Interest Determination Date in a principal amount equal to an amount of not
less than U.S. $1,000,000 that is representative for a single transaction in such market at such
time. If at least two such quotations are provided, Three-Month LIBOR for such Interest
Determination Date will be the arithmetic mean of such quotations as calculated by the Calculation
Agent. If fewer than two quotations are provided, Three-Month LIBOR for such Interest Determination
Date will be the arithmetic mean of the rates quoted as of approximately 11:00 a.m., New York City
time, on such Interest Determination Date by three major banks in the United States selected by the
Calculation Agent (after consultation with the Company) for loans in U.S. dollars to leading
European banks having a three-month maturity commencing on the second London Banking Day
immediately following such Interest Determination Date and in a principal amount equal to an amount
of not less than U.S. $1,000,000 that is representative for a single transaction in such market at
such time; provided, however, that if the banks selected as aforesaid by the Calculation Agent are
not quoting such rates

A-3

 

as mentioned in this sentence, Three-Month LIBOR for such Interest Determination Date will be
Three-Month LIBOR determined with respect to the immediately preceding Interest Determination Date.

All percentages resulting from any calculation of any interest rate for the Floating Rate Senior
Notes will be rounded, if necessary, to the nearest one hundred thousandth of a percentage point,
with five one-millionths of a percentage point rounded upward, e.g., 9.876545% (or .09876545) would
be rounded to 9.87655% (or .0987655), and all dollar amounts will be rounded to the nearest cent,
with one-half cent being rounded upward.

     Payments of interest on this Floating Rate Senior Note will include interest accrued to but
excluding the respective Interest Payment Dates. Interest payments for this Floating Rate Senior
Note shall be computed and paid on the basis of the actual number of days elapsed in the Initial
Interest Period or the Interest Period, as applicable, over a 360-day year.

     If any Interest Payment Date (other than the Stated Maturity or a Special Mandatory Redemption
Date) is not a Business Day, that Interest Payment Date will be postponed to the next succeeding
day that is a Business Day, except that if such Business Day is in the immediately succeeding
calendar month, such Interest Payment Date (other than the Stated Maturity or a Special Mandatory
Redemption Date) will be the immediately preceding Business Day. If the Stated Maturity or a
Special Mandatory Redemption Date is not a Business Day, interest and principal and premium (if
any) will be payable on the next day that is a Business Day and no interest will accrue for the
period from and after the Stated Maturity Date or Special Mandatory Redemption Date, as the case
may be.

     All payments of the principal of, and premium, if any, and interest due on this Floating Rate
Senior Note at the Stated Maturity or upon redemption will be made upon surrender of this Floating
Rate Senior Note at the Corporate Trust Office of the Trustee in the Borough Manhattan, The City of
New York. The principal of, and premium, if any, and interest due on this Floating Rate Senior Note
shall be paid 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. Payment of interest (including interest on
any Interest Payment Date) will be made, subject to such surrender where applicable and subject to
the Trustee’s arrangements with the Depositary, at the option of the Company, (i) by check mailed
to the address of the Person entitled thereto as such address shall appear in the Security Register
or (ii) by wire transfer at such place and to such account at a banking institution in the United
States of America as may be designated in writing to the Trustee at least 15 days prior to the date
for payment by the Person entitled thereto.

     The Floating Rate Senior Notes will be unsecured obligations of the Company and will rank
equally in right of payment with all of the existing and future unsecured and unsubordinated
indebtedness of the Company. The Floating Rate Senior Notes will rank senior to any subordinated
indebtedness of the Company.

A-4

 

     REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS FLOATING RATE SENIOR 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 by manual
signature, this Floating Rate Senior Note shall not be entitled to any benefit under the Indenture
or be valid or obligatory for any purpose.

A-5

 

     In Witness Whereof, the Company has caused this instrument to be duly
executed.

Dated:                     

	 	 	 	 	 	 	 

	 	 	MetLife, Inc.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 

Attest:

	 	 	 

	 

Name:

	 	 
	Title:
	 	 

[Seal of MetLife, Inc.]

A-6

 

Certificate Of Authentication

     This is one of the Floating Rate Senior Notes referred to in the within mentioned Indenture.

	 	 	 	 	 
	 	The Bank of New York Mellon Trust Company, N.A.,

as Trustee

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

Dated:

A-7

 

[Reverse of Floating Rate Senior Note]

     1. This Floating Rate Senior Note is one of a duly authorized issue of Securities of the
Company (the “Securities”) issued and issuable in one or more series under an Indenture dated as of
November 9, 2001 (the “Original Indenture”), as supplemented by the Nineteenth Supplemental
Indenture, dated as of August 6, 2010 (the “Nineteenth Supplemental Indenture,” and together with
the Original Indenture, the “Indenture”), between the Company and The Bank of New York Mellon Trust
Company, N.A. (as successor in interest to J.P. Morgan Trust Company, National Association (as
successor to Bank One Trust Company, N.A.)), as trustee, (the “Trustee,” which term includes any
successor trustee under the Indenture), to which Indenture and all indentures incidental 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 Securities issued
thereunder and of the terms upon which said Securities are, and are to be, authenticated and
delivered. This Floating Rate Senior Note is one of the series designated on the face hereof as the
Floating Rate Senior Notes due 2013, initially limited in aggregate principal amount of
$250,000,000; provided, however, that (subject to the provisions of the Nineteenth Supplemental
Indenture) the aggregate principal amount of the Floating Rate Senior Notes may be increased in the
future with no limit, without the consent of the holders of the Floating Rate Senior Notes, on the
same terms and with the same CUSIP and ISIN numbers as the Floating Rate Senior Notes, except for
the issue price, Original Issue Date and, if applicable, the first Interest Payment Date and the
initial interest accrual date, provided that no Event of Default with respect to the Floating Rate
Senior Notes shall have occurred and be continuing. Capitalized terms used herein for which no
definition is provided herein shall have the meanings set forth in the Indenture.

     2. This Floating Rate Senior Note is exchangeable in whole or, from time to time, in part for
Floating Rate Senior Notes in definitive registered form only as provided herein and in the
Indenture. If (i) at any time the Depositary notifies the Company that it is unwilling or unable to
continue as Depositary for this Floating Rate Senior Note or if at any time the Depositary shall no
longer be registered or in good standing under the Securities Exchange Act of 1934, as amended, or
other applicable statute or regulation, and the Company does not appoint a successor Depositary
within 90 days after the Company receives such notice or becomes aware of such condition, as the
case may be, or (ii), subject to the procedures of the Depositary, the Company in its sole
discretion determines that this Floating Rate Senior Note shall be exchangeable for Floating Rate
Senior Notes in definitive registered form and, in each case, executes and delivers to the Security
Registrar a written order of the Company providing that this Floating Rate Senior Note shall be so
exchangeable, this Floating Rate Senior Note shall be exchangeable for Floating Rate Senior Notes
in definitive registered form, provided that the definitive Floating Rate Senior Notes so issued in
exchange for this Floating Rate Senior Note shall be in denominations of $100,000, or any integral
multiple of $1,000 in excess thereof and be of like aggregate principal amount and tenor as the
portion of this Floating Rate Senior Note to be exchanged. Except as provided above or in the
Nineteenth Supplemental Indenture, owners of beneficial interests in this Floating Rate Senior Note
will not be entitled to have Floating Rate Senior Notes registered in their

A-8

 

names, will not receive or be entitled to physical delivery of Floating Rate Senior Notes in
definitive registered form and will not be considered the holders thereof for any purpose under the
Indenture. Neither the Company, the Trustee, any Paying Agent nor the Security Registrar shall
have any responsibility or liability for any aspect of records relating to or payments made on
account of beneficial ownership interests in this Floating Rate Senior Note, or for maintaining,
supervising or reviewing any records relating to such beneficial ownership interests.

     3. If an Event of Default with respect to the Floating Rate Senior Notes shall occur and be
continuing, the principal of the Floating Rate Senior Notes may be declared due and payable in the
manner, with the effect and subject to the conditions provided in the Indenture.

     4. 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 under the Indenture at any time by the Company and the Trustee with the consent of
the holders of not less than a majority in aggregate 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 Floating Rate Senior Notes at the time
Outstanding, on behalf of the holders of all Floating Rate Senior Notes, 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 Floating Rate Senior Note
shall be conclusive and binding upon such holder and upon all future holders of this Floating Rate
Senior Note and of any Floating Rate Senior Note issued upon the registration of transfer hereof or
in exchange hereof or in lieu hereof, whether or not notation of such consent or waiver is made
upon this Floating Rate Senior Note.

     5. The Indenture contains provisions for defeasance at any time of (a) the entire indebtedness
of the Company pursuant to this Floating Rate Senior Note and (b) restrictive covenants and the
related Events of Default, upon compliance by the Company with certain conditions set forth
therein, which provisions apply to this Floating Rate Senior Note.

     6. If, for any reason, (i) the Company’s proposed acquisition of all of the outstanding shares
of capital stock of American Life Insurance Company and Delaware American Life Insurance Company
(the “Acquisition”) is not consummated on or prior to July 10, 2011 or (ii) the Stock Purchase
Agreement, dated as of March 7, 2010, among the Company, American International Group, Inc., a
Delaware corporation, and ALICO Holdings LLC, a Delaware limited liability company (the “Stock
Purchase Agreement”), is terminated on or prior to July 10, 2011, the Company shall redeem all of
the Floating Rate Senior Notes on the Special Mandatory Redemption Date (as defined below) at the
Special Mandatory Redemption Price (as defined below). Promptly after the occurrence of the event
triggering such redemption, the Company shall furnish the Trustee with an Officers’ Certificate to
the effect that such event has occurred and, promptly after the occurrence of the event triggering
such redemption, the Company shall

A-9

 

either (i) give notice of such redemption to the holders of the Floating Rate Senior Notes in
accordance with Section 3.02 of the Indenture or (ii) cause the Trustee to give such notice in the
Company’s name and at its expense, by providing a written request to the Trustee, signed by the
Company’s President, Treasurer or any Vice President; provided, however, that such request is
received by the Trustee at least five (5) Business Days prior to the date the Trustee is requested
to give notice of such redemption to the holders of the Floating Rate Senior Notes. In such event,
the Company shall provide the Trustee with the information required by Section 3.02 of the
Indenture. Such notice having been duly given, the redemption of the Floating Rate Senior Notes
shall be made upon the terms and in the manner stated in Sections 3.02 and 3.03 of the Indenture,
to the extent applicable and to the extent not inconsistent with Section 1.08 of the Nineteenth
Supplemental Indenture.

     If funds sufficient to pay the Special Mandatory Redemption Price of all of the Floating Rate
Senior Notes to be redeemed on the Special Mandatory Redemption Date are deposited with a Paying
Agent or the Trustee on or before such Special Mandatory Redemption Date, on and after such Special
Mandatory Redemption Date, the Floating Rate Senior Notes will cease to bear interest and, other
than the right to receive the Special Mandatory Redemption Price, all rights under the Floating
Rate Senior Notes shall terminate.

     “Special Mandatory Redemption Date” means the earlier to occur of (i) July 31, 2011 if the
Acquisition has not been completed on or prior to July 10, 2011 or (ii) the 30th day (or
if such day is not a Business Day, the first Business Day thereafter) following the termination of
the Stock Purchase Agreement.

     “Special Mandatory Redemption Price” means 101% of the aggregate principal amount of the
Floating Rate Senior Notes together with accrued and unpaid interest to but excluding the Special
Mandatory Redemption Date.

     7. No reference herein to the Indenture and no provision of this Floating Rate Senior 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, and interest due on this Floating Rate
Senior Note at the time, place and rate, and in the coin or currency, herein prescribed.

     8. (a) As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Floating Rate Senior Note is registrable in the Security Register, upon surrender
of this Floating Rate Senior Note for registration of transfer at the office or agency of the
Company for such purpose, duly endorsed by, or accompanied by a written instrument of transfer in
form satisfactory to the Company or the Security Registrar and duly executed by, the holder hereof
or his attorney duly authorized in writing, and thereupon one or more new Floating Rate Senior
Notes, of authorized denominations and of like tenor and for the same aggregate principal amount,
will be issued to the designated transferee or transferees. No service charge shall be made for any
such exchange or registration of transfer, but the Company will require payment of a sum sufficient
to cover any tax or other governmental charge payable in connection therewith.

A-10

 

     (b) Prior to due presentment of this Floating Rate Senior Note for registration of transfer,
the Company, the Trustee, any Paying Agent and the Security Registrar of the Company or the Trustee
may deem and treat the Person in whose name this Floating Rate Senior Note is registered as the
absolute owner hereof for all purposes (subject to Section 1.03(a) of the Nineteenth Supplemental
Indenture), whether or not this Floating Rate Senior Note be overdue and notwithstanding any notice
of ownership or writing thereon made by anyone other than the Security Registrar, and neither the
Company nor the Trustee nor any Paying Agent nor the Security Registrar shall be affected by notice
to the contrary. Except as provided in Section 1.03(a) of the Nineteenth Supplemental Indenture,
all payments of the principal of and premium, if any, and interest due on this Floating Rate Senior
Note made to or upon the order of the registered holder hereof shall, to the extent of the amount
or amounts so paid, effectually satisfy and discharge liability for moneys payable on this Floating
Rate Senior Note.

     (c) The Floating Rate Senior Notes are issuable only in registered form without coupons in
denominations of $100,000, or any integral multiple of $1,000 in excess thereof. As provided in the
Indenture and subject to certain limitations therein set forth, Floating Rate Senior Notes are
exchangeable for a like aggregate principal amount of Floating Rate Senior Notes of a different
authorized denomination, as requested by the holder surrendering the same upon surrender of the
Floating Rate Senior Note or Floating Rate Senior Notes to be exchanged at the office or agency of
the Company.

     9. No recourse shall be had for payment of the principal of, premium, if any, or interest on
this Floating Rate Senior Note, or for any claim based hereon, or otherwise in respect hereof, or
based on or in respect of the Indenture, against any incorporator, stockholder, officer or
director, past, present or future, as such, of the Company or of any predecessor or successor
corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement
of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and
as part of the consideration for the issuance hereof, expressly waived and released.

     10. This Floating Rate Senior Note shall be deemed to be a contract made under the internal laws of
the State of New York, and for all purposes shall be construed in accordance with the laws of said
State.

A-11

 

ABBREVIATIONS

     The following abbreviations, when used in the inscription on the face of this instrument,
shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 

	TEN COM — as tenants in common

	 	UNIF GIFT MIN ACT — Custodian under

   Uniform Gift to Minors Act
	 
	 	 
	 

	 	 

	 

	 	(State)

	 	 	 	 	 

	TEN ENT

	 	—
	 	as tenants by the entireties
	 
	 	 	 	 
	JT TEN

	 	—
	 	as joint tenants with right of

survivorship and not as tenants

in common.

     Additional abbreviations may also be used though not on the above list.

FOR VALUE RECEIVED, the undersigned hereby sell(s) and transfer(s) unto

PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE OF ASSIGNEE

 

 

 

(please insert Social Security or other identifying number of assignee)

the within Note and all rights thereunder, hereby irrevocably constituting and appointing

 

 

 

agent to transfer said Note on the books of the Company, with full power of substitution in the
premises.

	 	 	 

	Dated:
	 	 
	 

	 	 

	 

	 	NOTICE: The signature to this assignment must
correspond with the name as written upon the face
of the within instrument in every particular
without alteration or enlargement, or any change
whatsoever.

A-12

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