Document:

EX-10.7

 Exhibit 10.7 

THIS INSTRUMENT AND ANY SECURITIES ISSUABLE PURSUANT HERETO HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES. THESE SECURITIES MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED EXCEPT AS PERMITTED IN THIS SAFE AND UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS
PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR AN EXEMPTION THEREFROM. 
 BACKBLAZE, INC. 

SAFE 
 (Simple Agreement
for Future Equity) 
 THIS CERTIFIES THAT in exchange for the payment
by             (the “Investor”) of USD $             (the “Purchase
Amount”) as of             (the “Effective Date”), Backblaze, Inc., a Delaware corporation (the “Company”), issues to the
Investor the right to certain shares of the Company’s Common Stock, subject to the terms described below. See Section 4 for certain additional defined terms. 
  

	 	1.	 Events. 

(a)    IPO Liquidity Event. 

(1)     If there is an IPO before the termination of this Safe, this Safe will automatically convert into the number of
shares of Common Stock of the Company, of the same type of shares issued to purchasers in the IPO (the “Shares”), equal to the Purchase Amount, plus accrued interest hereunder, divided by the IPO Discount Price. The
“IPO Discount Price” is equal to (i) the public offering price set forth on the cover page of the final prospectus in connection with the IPO (or in the event of a direct listing, the published “reference
price”), multiplied by (ii) one (1) minus the Discount (as defined below). 
 (2)     The
“Discount” shall initially be equal to 10% and shall increase by an additional 10% annually following the Effective Date, subject to a maximum discount of 50%. The Discount shall be adjusted
pro-rata on a monthly basis, increasing on the monthly anniversary of the Effective Date (e.g., upon the 6th month and 24th month anniversary, the Discount would be 15% and 30%, respectively). 
 (3)
    In the event of a SPAC transaction in which the Company merges with, or is acquired by, a publicly traded SPAC thereby enabling a public market for shares of the Company’s Common Stock, immediately prior to the
consummation of such merger or acquisition, this Safe will automatically convert into the number of shares of Common Stock of the Company based on the Purchase Amount, plus accrued interest hereunder, and a conversion ratio that reflects the
Discount applied to the merger consideration for the shares of the Company’s Common Stock for equivalent economic effect. 

(b)    Change of Control Event. If there is a Change of Control before the termination of this Safe, this
Safe will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds, due and payable to the Investor immediately prior to, or concurrent with, the consummation of such
Change of Control, equal to, at the election of Investor,(i) the Purchase Amount, plus accrued interest hereunder, in cash (the “Cash-Out Amount”), or (ii) in the event of cash
consideration for holders of the Company’s Common Stock in the Change of Control, the amount payable on the number of shares of Common Stock equal to the Purchase Amount, plus accrued interest 

 
hereunder, divided by the Change of Control Price (the “Change of Control Share Amount”), or in the event of equity consideration (i.e., conversion into shares of
the acquiring company) for holders of the Company’s Common Stock in the Change of Control, automatic conversion immediately prior to the consummation of the Change of Control into that number of shares of the Company’s Common Stock based
on the Purchase Amount, plus accrued interest hereunder, and a conversion ratio that reflects the Discount applied to the merger consideration for the shares of the Company’s Common Stock (the “Change of Control Shares”)
for equivalent economic effect. If the Company’s holders of Common Stock are given a choice as to the form and amount of Proceeds to be received in a Change of Control, the Investor will be given the same choice, provided that the
Investor may not choose to receive a form of consideration that the Investor would be ineligible to receive as a result of the Investor’s failure to satisfy any requirement or limitation generally applicable to the Company’s
securityholders, or under any applicable laws. 
 Notwithstanding the foregoing, in connection with a Change of Control intended to qualify
as a tax-free reorganization, the Company may reduce the cash portion of Proceeds payable to the Investor by the amount determined by its board of directors in good faith for such Change of Control to qualify
as a tax-free reorganization for U.S. federal income tax purposes, provided that such reduction (A) does not reduce the total Proceeds payable to such Investor and (B) is applied in the same manner
and on a pro rata basis to all securityholders who have equal priority to the Investor under Section 3(b). 

(c)    Dissolution Event. If there is a Dissolution Event before the termination of this Safe, the Investor
will automatically be entitled (subject to the liquidation priority set forth in Section 3(b)) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately
prior to the consummation of the Dissolution Event. 
 (d)    Termination. This Safe will automatically
terminate (without relieving the Company of any obligations arising from a prior breach of or non-compliance with this Safe) immediately following the earliest to occur of: (i) the issuance of Common
Stock to the Investor pursuant to the automatic conversion of this Safe into equity under Section 1(a) or Section 1(b); or (ii) the payment, or setting aside for payment, of amounts due the Investor pursuant to Section 1(b) or
Section 1(c). 
  

	 	2.	 Interest Rate. 

(a)     Interest shall accrue at the simple rate of 5% per annum of the outstanding Purchase Amount commencing upon
the Effective Date and continuing until the outstanding principal amount has been paid in full or converted. The accrued interest shall be added to the Purchase Amount upon conversion into equity under Section 1(a) or Section 1(b) or the
payment of amounts due the Investor pursuant to Section 1(b) or Section 1(c). 
 (b)    Interest shall be
computed on the basis of a year of 365 days for the actual number of days elapsed. 
  

	 	3.	 Subordination. 

(a)    Senior Indebtedness. This Safe and the Purchase Amount and any accrued interest
hereunder shall be unsecured obligations of the Company and subordinated to any Senior Indebtedness of the Company. “Senior Indebtedness” means all monetary obligations, liabilities and other indebtedness owed by the Company
to any banking or equivalent financial institutions, including without limitation, any line of credit or revolving credit arrangement, whether now existing or from time to time hereafter 

  
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arising, together with any amendments, modifications, renewals or extensions thereof (collectively, “Banking Indebtedness”). For purposes of this Safe, Senior Indebtedness
shall also include the Company’s obligations, liabilities and other indebtedness owed by the Company to any leasing company or institution relating to the Company’s equipment leases, whether now existing or from time to time hereafter
arising, together with any amendments, modifications, renewals or extensions thereof (collectively, the “Leasing Indebtedness”). 

(b)     Liquidation Priority.    In a Change of Control or Dissolution Event, this Safe
is intended to operate like standard equity (non-participating Preferred Stock or Common Stock), subject to the priority below. The Investor’s right to receive its
Cash-Out Amount is: 
 (1)    Junior to payment of outstanding indebtedness and
creditor claims, including any and all Senior Indebtedness and contractual claims for payment; 
 (2)    On par with
payments for other Safes, and if the applicable Proceeds are insufficient to permit full payments to the Investor and such other Safes, the applicable Proceeds will be distributed pro rata to the Investor and such other Safes in proportion to the
full payments that would otherwise be due; and 
 (3)    Senior to payments for Preferred Stock and Common Stock. 

The Investor’s right to receive the Change of Control Share Amount is (A) on par with payments for Common Stock and Preferred Stock
who are also receiving Conversion Amounts or Proceeds on a similar as-converted to Common Stock basis, and (B) junior to payments described in clauses 3(b)(1) and (2) above (in the latter case, to
the extent such payments are Cash-Out Amounts or similar liquidation preferences). 

(c)    The Company and Investor further agree to execute such other agreements and documents, including without
limitation, subordination and/or intercreditor agreements, as reasonably requested by the Company’s current and/or prospective banking, lender or other financial institution, substantially consistent with the terms contemplated herein. 

 

	 	4.	 Definitions 

“Change of Control” means (i) a transaction or series of related transactions in which any “person” or
“group” (within the meaning of Section 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), becomes the “beneficial owner” (as defined in Rule 13d-3 under the
Securities Exchange Act of 1934, as amended), directly or indirectly, of more than 50% of the outstanding voting securities of the Company having the right to vote for the election of members of the Company’s board of directors, (ii) any
reorganization, merger or consolidation of the Company, other than a transaction or series of related transactions in which the holders of the voting securities of the Company outstanding immediately prior to such transaction or series of related
transactions retain, immediately after such transaction or series of related transactions, at least a majority of the total voting power represented by the outstanding voting securities of the Company or such other surviving or resulting entity or
(iii) a sale, lease or other disposition of all or substantially all of the assets of the Company. 
 “Dissolution
Event” means (i) a voluntary termination of operations, (ii) a general assignment for the benefit of the Company’s creditors or (iii) any other liquidation, dissolution or winding up of the Company (excluding a Change of
Control), whether voluntary or involuntary. 

  
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 “Dividend Amount” means, with respect to any date on which the Company pays
a dividend on its outstanding Common Stock, the amount of such dividend that is paid per share of Common Stock multiplied by (x) the Purchase Amount, plus accrued interest hereunder, divided by (y) the Change of Control Price (treating the
dividend date as a Change of Control solely for purposes of calculating such Change of Control Price). 
 “IPO” means the
closing of the Company’s initial public offering of Common Stock pursuant to an effective registration statement filed under the Securities Act (including a firm commitment underwritten public offering or direct listing). 

“Change of Control Price” means the price per share equal to (i) the fair market value of the Common Stock at the time
of the Change of Control, as determined by reference to the purchase price payable in connection with such Change of Control, multiplied by (ii) one (1) minus the Discount. 

“Proceeds” means cash and other assets (including without limitation stock consideration) that are proceeds from the Change
of Control or the Dissolution Event, as applicable, and legally available for distribution. 
 “Safe” means an instrument
containing a future right to shares of Common Stock, similar in form and content to this instrument, purchased by investors for the purpose of funding the Company’s business operations. References to “this Safe” mean this specific
instrument. 
  

	 	5.	 Company Representations. 

(a)    The Company is a corporation duly organized, validly existing and in good standing under the laws of its state of
incorporation, and has the power and authority to own, lease and operate its properties and carry on its business as now conducted. 

(b)    The execution, delivery and performance by the Company of this Safe is within the power of the Company and has been
duly authorized by all necessary actions on the part of the Company (subject to section 3(d)). This Safe constitutes a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as
limited by bankruptcy, insolvency or other laws of general application relating to or affecting the enforcement of creditors’ rights generally and general principles of equity. To its knowledge, the Company is not in violation of (i) its
current certificate of incorporation or bylaws, (ii) any material statute, rule or regulation applicable to the Company, or (iii) any material debt or contract to which the Company is a party or by which it is bound, where, in each case,
such violation or default, individually, or together with all such violations or defaults, could reasonably be expected to have a material adverse effect on the Company. 

(c)    The performance and consummation of the transactions contemplated by this Safe do not and will not:
(i) violate any material judgment, statute, rule or regulation applicable to the Company, (ii) result in the acceleration of any material debt or contract to which the Company is a party or by which it is bound, or (iii) result in the
creation or imposition of any lien on any property, asset or revenue of the Company or the suspension, forfeiture, or nonrenewal of any material permit, license or authorization applicable to the Company, its business or operations, subject to any
applicable consents or approvals contemplated in Section 5(d) below. 

  
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 (d)    No consents or approvals are required in connection with the
performance of this Safe, other than: (i) the Company’s corporate and bank approvals; (ii) any qualifications or filings under applicable securities laws; and (iii) necessary corporate approvals for the authorization of Common
Stock issuable pursuant to Section 1. 
  

	 	6.	 Investor Representations. 

(a)    The Investor has full legal capacity, power and authority to execute and deliver this Safe and to perform its
obligations hereunder. This Safe constitutes valid and binding obligation of the Investor, enforceable in accordance with its terms, except as limited by bankruptcy, insolvency or other laws of general application relating to or affecting the
enforcement of creditors’ rights generally and general principles of equity. 
 (b)    The Investor is an
accredited investor as such term is defined in Rule 501 of Regulation D under the Securities Act, and acknowledges and agrees that if not an accredited investor at the time of a conversion into equity securities under Section 1(a) or
1(b), the Company may void this Safe and return the Purchase Amount together with any accrued interest. The Investor has been advised that this Safe and the underlying securities have not been registered under the Securities Act, or any state
securities laws and, therefore, cannot be resold unless they are registered under the Securities Act and applicable state securities laws or unless an exemption from such registration requirements is available. The Investor is purchasing this Safe
and the securities to be acquired by the Investor hereunder for its own account for investment, not as a nominee or agent, and not with a view to, or for resale in connection with, the distribution thereof, and the Investor has no present intention
of selling, granting any participation in, or otherwise distributing the same. The Investor has such knowledge and experience in financial and business matters that the Investor is capable of evaluating the merits and risks of such investment, is
able to incur a complete loss of such investment without impairing the Investor’s financial condition and is able to bear the economic risk of such investment for an indefinite period of time. 

(c)    To the extent the Investor is based outside of the United States, or the funds used to provide the Purchase Amount
originated outside of the United States, the Investor further agrees as follows: 
 (1)     Neither the Investor nor any
director, officer, beneficial owner or representative of Investor, is subject to any U.S. sanctions or similar restrictions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”), the
United States Government Consolidated Screening List, money laundering statutes and regulations, or any other applicable governmental list or regulation that would prohibit or restrict the transactions contemplated herein, and the Investor is not
owned or controlled, directly or indirectly, by or on behalf of, any individual or entity, subject to any such economic sanctions, or any entity owned 50% or more (individually or in aggregate) by any entity or entities subject to such economic
sanctions, now or at the time of any such conversion of this Safe into equity securities pursuant to the terms hereunder. Neither the Investor nor any director, officer, agent, employee of Investor, as applicable, will take any action that would
result in a violation of any sanctions administered or enforced by OFAC, the U.S. Department of State, or other relevant sanctions authority. 

(2)     Investor is in compliance with (a) applicable laws or regulations within its jurisdiction for the purchase
of this Safe and any subsequent conversion into equity securities as may be contemplated hereunder, (b) any foreign exchange restrictions applicable to the transactions contemplated hereunder, (c) any governmental or other consents that
may need to be obtained, and (d) the income tax and other tax consequences, if any, that may be relevant to the transactions contemplated hereunder. 

  
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 (3)     Investor has had access to all information regarding the
Company that Investor reasonably considers important in making the decision to enter into this Safe, and Investor has had ample opportunity to ask questions of the Company’s representatives and receive adequate answers and information
concerning such matters. 
  

	 	7.	 “Market Stand-Off.” 

(a)     Investor hereby agrees that the Shares in connection with an IPO or SPAC transaction shall be subject to the
following lock-up provisions: (i) 1/3rd of the Shares shall not be subject to any lock-up restrictions, (ii) 1/3rd of the Shares shall be subject to a lock-up provision not to exceed 90 days following the closing of the IPO, and (iii) 1/3rd of the Shares shall be subject to a lock-up provision not to exceed 180 days following the closing of the IPO (or such earlier date as substantially all
employees have been released from similar lock-up provisions). 

(b)    Investor hereby agrees that during the applicable lock-up period, the
Investor will not, without the prior written consent of the Company and managing underwriter (if applicable), during the period commencing on the date of the final prospectus relating to the registration by the Company of shares of its Common Stock
or any other equity securities under the Securities Act on a registration statement on Form S-l, and ending on the applicable date for the period specified above, (i) lend, offer, pledge, sell, contract
to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right, or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities
convertible into or exercisable or exchangeable (directly or indirectly) for Common Stock subject to such lock-up provision, or (ii) enter into any swap or other arrangement that transfers to another, in
whole or in part, any of the economic consequences of ownership of such securities, whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of Common Stock or other securities, in cash, or otherwise. 

(c)    The foregoing provisions of this lock-up provision shall apply only to the
IPO or SPAC transaction, shall not apply to the sale of any shares to an underwriter pursuant to an underwriting agreement, or the transfer of any shares to any trust for the direct or indirect benefit of Investor or the immediate family of
Investor, provided that the trustee of the trust agrees to be bound in writing by the restrictions set forth herein, and provided further that any such transfer shall not involve a disposition for value. 

(d)    The underwriters in connection with such registration are intended third-party beneficiaries of this lock-up provision and shall have the right, power, and authority to enforce the provisions hereof as though they were a party hereto. Investor further agrees to execute such agreements as may be reasonably requested
by the underwriters in connection with such registration that are consistent with this lock-up provision or that are necessary to give further effect thereto. 

 

	 	8.	 Subsequent SAFE Offerings. 

(a)    If the Company (i) issues any Safes or other convertible securities after the issuance of the Safe and while
this Safe is outstanding with the principal purpose of raising capital, including but not limited to, convertible promissory notes, KISSes, or other similar instruments (collectively, “Instruments”, provided that any Senior
Indebtedness instruments and stock options, restricted stock units (RSUs) and other forms of equity awards granted to employees or consultants under the Company’s equity plans are excluded from the definition of Instruments and Subsequent
Convertible Securities), or (ii) amends any outstanding Instruments (either, “Subsequent Convertible Securities”), the Company will 

  
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promptly provide the Investor with written notice thereof (the “Subsequent Offering Notice”), together with a copy of all documentation relating to such Subsequent
Convertible Securities and, upon written request of the Investor, any additional information related to such Subsequent Convertible Securities, as may be reasonably requested by the Investor. 

(b)    In the event the Investor determines that all of the terms and conditions of the Subsequent Convertible Securities
are preferable in the aggregate to all of the terms and conditions of this Safe, within thirty (30) days after the Subsequent Offering Notice, the Investor may elect (at such Investor’s option) to exchange this Safe into the Subsequent
Convertible Securities, which exchange shall reflect the Purchase Amount and any and all accrued interest as of such exchange date. Upon such exchange, this Safe shall terminate. 

 

	 	9.	 Miscellaneous. 

(a)    Any provision of this Safe may be amended, waived or modified by written consent of the Company and either
(i) the Investor or (ii) the majority-in-interest of all then-outstanding Safes entered into on or about the same Effective Date as this Safe, provided
that with respect to clause (ii): (A) the Purchase Amount may not be amended, waived or modified in this manner, (B) the consent of the Investor and each holder of such Safes must be solicited (even if not obtained), and (C) such
amendment, waiver or modification treats all such holders in the same manner. “Majority-in-interest” refers to the holders of the applicable group of Safes
whose Safes have a total Purchase Amount greater than 50% of the total Purchase Amount of all of such applicable group of Safes. 

(b)    Any notice required or permitted by this Safe will be deemed sufficient when delivered personally or by overnight
courier or sent by email to the relevant address listed on the signature page, or 48 hours after being deposited in the U.S. mail as certified or registered mail with postage prepaid, addressed to the party to be notified at such party’s
address listed on the signature page, as subsequently modified by written notice. 
 (c)    The Investor is not
entitled, as a holder of this Safe, to vote or be deemed a holder of Common Stock for any purpose other than tax purposes, nor will anything in this Safe be construed to confer on the Investor, as such, any rights of a Company stockholder or rights
to vote for the election of directors or on any matter submitted to Company stockholders, or to give or withhold consent to any corporate action or to receive notice of meetings, until shares have been issued on the terms described in
Section 1. However, if the Company pays a dividend on outstanding shares of Common Stock (that is not payable in shares of Common Stock) while this Safe is outstanding, the Company will pay the Dividend Amount to the Investor at the same time.

 (d)    Neither this Safe nor the rights in this Safe are transferable or assignable, by operation of law or
otherwise, by either party without the prior written consent of the other; provided, however, that this Safe and/or its rights may be assigned without the Company’s consent by the Investor (i) to the Investor’s estate, heirs,
executors, administrators, guardians and/or successors in the event of Investor’s death or disability, or (ii) to any other entity who directly or indirectly, controls, is controlled by or is under common control with the Investor,
including, without limitation, any general partner, managing member, officer or director of the Investor, or any venture capital fund now or hereafter existing which is controlled by one or more general partners or managing members of, or shares the
same management company with, the Investor; and provided, further, that the Company may assign this Safe in whole, without the consent of the Investor, in connection with a reincorporation to change the Company’s domicile. 

  
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 (e)    In the event any one or more of the provisions of this Safe is
for any reason held to be invalid, illegal or unenforceable, in whole or in part or in any respect, or in the event that any one or more of the provisions of this Safe operate or would prospectively operate to invalidate this Safe, then and in any
such event, such provision(s) only will be deemed null and void and will not affect any other provision of this Safe and the remaining provisions of this Safe will remain operative and in full force and effect and will not be affected, prejudiced,
or disturbed thereby. 
 (f)    All rights and obligations hereunder will be governed by the laws of the State of
California, without regard to the conflicts of law provisions of such jurisdiction. 
 (g)    The parties acknowledge
and agree that for United States federal and state income tax purposes this Safe is, and at all times has been, intended to be characterized as stock, and more particularly as common stock for purposes of Sections 304, 305, 306, 354, 368, 1036 and
1202 of the Internal Revenue Code of 1986, as amended. Accordingly, the parties agree to treat this Safe consistent with the foregoing intent for all United States federal and state income tax purposes (including, without limitation, on their
respective tax returns or other informational statements). 
 (g)    The Company shall make available the information
rights to Investor on the terms and conditions set forth in the excerpt from that certain Investor Rights Agreement, by and among the Company and certain investors thereto, as attached hereto as Exhibit A, and Investor hereby agrees to be bound by
such terms and conditions. 
 (Signature page follows) 

  
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 IN WITNESS WHEREOF, the undersigned have caused this Safe to be duly executed and delivered.

 BACKBLAZE, INC. 
  

			
	 Signature:
	 	  

 

			
	 Print Name:
	 	  

 

			
	 Title:
	 	  

 INVESTOR: 
  

			
	 Entity Name:
	 	  

 

			
	 Signature:
	 	  

 

			
	 Print Name:
	 	  

 

			
	 Title:
	 	  

 

			
	 Email:
	 	  

 

			
	 Address:
	 	  

		
		 	  

		
		 	  

 EXHIBIT A 

Excerpt from Investors Rights Agreement 

3. Information Rights. 
 3.1 Delivery of
Financial Statements. The Company shall deliver to the Investor: 
 (a) as soon as practicable, but in any event within ninety
(90) days after the end of each fiscal year of the Company, (i) a balance sheet as of the end of such year, (ii) statements of income and of cash flows for such year, and (iii) a statement of stockholders’ equity as of the
end of such year, all such financial statements audited and certified by independent public accountants of regionally recognized standing selected by the Company; 

(b) as soon as practicable, but in any event within forty-five (45) days after the end of each of the first three (3) quarters of
each fiscal year of the Company, unaudited statements of income and of cash flows for such fiscal quarter, and an unaudited balance sheet and a statement of stockholders’ equity as of the end of such fiscal quarter, all prepared in accordance
with GAAP (except that such financial statements may (i) be subject to normal year end audit adjustments and (ii) not contain all notes thereto that may be required in accordance with GAAP); 

(c) as soon as practicable, but in any event within forty-five (45) days after the end of each of the first three (3) quarters of
each fiscal year of the Company, a statement showing the number of shares of each class and series of capital stock and securities convertible into or exercisable for shares of capital stock outstanding at the end of the period, the Common Stock
issuable upon conversion or exercise of any outstanding securities convertible or exercisable for Common Stock and the exchange ratio or exercise price applicable thereto, and the number of shares of issued stock options and stock options not yet
issued but reserved for issuance, if any, all in sufficient detail as to permit the Investor to calculate its percentage equity ownership in the Company, and certified by the chief financial officer or chief executive officer of the Company as being
true, complete, and correct; 
 (d) upon each request by Investor (each such request shall be deemed a request for a single month’s
materials to be provided pursuant to this Section 3.1(d)) as soon as practicable, but in any event within thirty (30) days of the end of each month, an unaudited income statement and statement of cash flows for such month, and an unaudited
balance sheet as of the end of such month, all prepared in accordance with GAAP (except that such financial statements may (i) be subject to normal year-end audit adjustments and (ii) not contain all
notes thereto that may be required in accordance with GAAP); 
 (e) as soon as practicable, but in any event thirty (30) days before
the end of each fiscal year, a budget and business plan for the next fiscal year (collectively, the “Budget”), approved by the Board of Directors, and prepared on a monthly basis, including balance sheets, income statements, and statements
of cash flow for such months and, promptly after prepared, any other budgets or revised budgets prepared by the Company; and 

 (f) such other information relating to the financial condition, business, prospects, or
corporate affairs of the Company as the Investor may from time to time reasonably request; provided, however, that the Company shall not be obligated under this Subsection 3.1 to provide information (i) that the Company reasonably determines in
good faith to be a trade secret or confidential information (unless covered by an enforceable confidentiality agreement, in form acceptable to the Company) or (ii) the disclosure of which would adversely affect the attorney client privilege
between the Company and its counsel. 
 If, for any period, the Company has any subsidiary whose accounts are consolidated with those of the
Company, then in respect of such period the financial statements delivered pursuant to the foregoing sections shall be the consolidated and consolidating financial statements of the Company and all such consolidated subsidiaries. 

Notwithstanding anything else in this Subsection 3.1 to the contrary, the Company may cease providing the information set forth in this
Subsection 3.1 during the period starting with the date thirty (30) days before the Company’s good-faith estimate of the date of filing of a registration statement if it reasonably concludes it must do so to comply with the SEC rules
applicable to such registration statement and related offering; provided that the Company’s covenants under this Subsection 3.1 shall be reinstated at such time as the Company is no longer actively employing its commercially reasonable efforts
to cause such registration statement to become effective. 
 3.2 Inspection. The Company shall permit the Investor, at such
Investor’s expense, to visit and inspect the Company’s properties; examine its books of account and records; and discuss the Company’s affairs, finances, and accounts with its officers, during normal business hours of the Company as
may be reasonably requested by the Investor; provided, however, that the Company shall not be obligated pursuant to this Subsection 3.2 to provide access to any information that it reasonably and in good faith considers to be a trade secret or
confidential information (unless covered by an enforceable confidentiality agreement, in form acceptable to the Company) or the disclosure of which would adversely affect the attorney-client privilege between the Company and its counsel. 

3.3 Termination of Information Rights. The covenants set forth in Subsection 3.1 and Subsection 3.2 shall terminate and be of no further
force or effect (i) immediately before the consummation of the IPO or a Liquidation Event, or (ii) when the Company first becomes subject to the periodic reporting requirements of Section l2(g) or 15(d) of the Exchange Act. 

3.4 Confidentiality. The Investor agrees that such Investor will keep confidential and will not disclose, divulge, or use for any purpose
(other than to monitor its investment in the Company) any confidential information obtained from the Company pursuant to the terms of this Agreement (including notice of the Company’s intention to file a registration statement), unless such
confidential information (a) is known or becomes known to the public in general (other than as a result of a breach of this Section 3.4 by such Investor), (b) is or has been independently developed or conceived by the Investor without use
of the Company’s confidential information, or (c) is or has been made known or disclosed to the Investor by a third party without a breach of any obligation of confidentiality such third party may have to the Company; provided, however,
that an Investor may disclose confidential information (i) to its attorneys, accountants, consultants, and other professionals to the extent necessary to obtain their services in connection with monitoring its investment in the Company;
(ii) to any prospective purchaser of any Registrable Securities from such Investor, if such prospective 

 
purchaser agrees to be bound by the provisions of this Section 3.4; (iii) to any existing or prospective Affiliate, partner, member, stockholder, or wholly owned subsidiary of such Investor
in the ordinary course of business, provided that such Investor informs such Person that such information is confidential and directs such Person to maintain the confidentiality of such information; or (iv) as may otherwise be required by law
or regulation (including, without limitation, applicable rules of a stock exchange), provided that the Investor promptly notifies the Company of such disclosure and takes reasonable steps to minimize the extent of any such required disclosure.EX-4.2

 Exhibit 4.2 

 
  

GENERAL MOTORS FINANCIAL COMPANY, INC., 

AS ISSUER 
  

 
 FLOATING RATE
NOTES DUE 2024 
 1.200% SENIOR NOTES DUE 2024 

2.400% SENIOR NOTES DUE 2028 
  

 
 FORTY-FOURTH
SUPPLEMENTAL INDENTURE 
 Dated as of October 15, 2021 

to 
 INDENTURE 

Dated as of October 13, 2015 
  

 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

AS TRUSTEE 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE 1         DEFINITIONS AND
INCORPORATION BY REFERENCE
	  	 	1	 
			
	 Section 1.01
	 	 Definitions
	  	 	1	 
	 Section 1.02
	 	 Incorporation by Reference of Trust Indenture Act
	  	 	9	 
	 Section 1.03
	 	 Rules of Construction
	  	 	9	 
	 Section 1.04
	 	 Relationship with Base Indenture
	  	 	9	 
		
	 ARTICLE 2         THE NOTES
	  	 	9	 
			
	 Section 2.01
	 	 Establishment, Form and Dating
	  	 	9	 
	 Section 2.02
	 	 Registrar and Paying Agent
	  	 	10	 
		
	 ARTICLE 3         REDEMPTION OF NOTES
	  	 	10	 
			
	 Section 3.01
	 	 Optional Redemption
	  	 	10	 
	 Section 3.02
	 	 Mandatory Redemption
	  	 	11	 
		
	 ARTICLE 4         COVENANTS
	  	 	12	 
			
	 Section 4.01
	 	 Liens
	  	 	12	 
	 Section 4.02
	 	 Corporate Existence
	  	 	12	 
		
	 ARTICLE 5         DEFEASANCE
	  	 	12	 
		
	 ARTICLE 6         NO GUARANTEES
	  	 	12	 
		
	 ARTICLE 7         MISCELLANEOUS
	  	 	12	 
			
	 Section 7.01
	 	 Governing Law
	  	 	12	 
	 Section 7.02
	 	 Successors
	  	 	12	 
	 Section 7.03
	 	 Severability
	  	 	13	 
	 Section 7.04
	 	 Counterpart Originals
	  	 	13	 
	 Section 7.05
	 	 Table of Contents, Headings, Etc.
	  	 	13	 
	 Section 7.06
	 	 Calculation Agent
	  	 	13	 
	 Section 7.07
	 	 SOFR Unavailable
	  	 	14	 
	 Section 7.08
	 	 Effect of a Benchmark Transition Event
	  	 	14	 

  
 i 

 This FORTY-FOURTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”),
dated as of October 15, 2021, between General Motors Financial Company, Inc., a Texas corporation (the “Company”), and Wells Fargo Bank, National Association, as trustee (the “Trustee”). 

WHEREAS, the Company has heretofore executed and delivered to the Trustee an indenture, dated as of October 13, 2015 (as amended or
supplemented to the date hereof, the “Base Indenture” and, together with this Supplemental Indenture, the “Indenture), between the Company and the Trustee, providing for the issuance by the Company from time to time of
one or more series of Securities; 
 WHEREAS, the Company has duly authorized the execution and delivery of this Supplemental Indenture to
provide for the issuance of (i) its floating rate senior notes due 2024 (the “Floating Rate Notes”), (ii) its 1.200% senior notes due 2024 (the “2024 Notes”) and (iii) its 2.400% senior notes due 2028 (the
“2028 Notes” and, together with the Floating Rate Notes and the 2024 Notes, the “Notes”); 
 WHEREAS, the
Company desires and has requested the Trustee to join with it in the execution and delivery of this Supplemental Indenture in order to supplement the Base Indenture and to add covenants to and remove covenants from the Base Indenture with respect to
the Notes as and to the extent set forth herein to provide for the issuance and the terms of the Notes; and 
 WHEREAS, all things necessary
to make this Supplemental Indenture a valid indenture and agreement of the Company according to its terms have been done. 
 NOW, THEREFORE:

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

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01 Definitions. 

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

“Base Indenture” has the meaning assigned to it in the recitals hereto, as amended, supplemented or otherwise modified from
time to time in accordance with the terms thereof. 
 “Benchmark” means, initially, Compounded SOFR; provided that
if the Company or its designee determine on or prior to the Reference Time that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to Compounded SOFR (or the published daily SOFR Index used in the
calculation thereof) or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement. 

 “Benchmark Replacement” means the first alternative set forth in the order
below that can be determined by the Company or its designee as of the Benchmark Replacement Date: 
  

	 	(1)	 the sum of (a) the alternate rate of interest that has been selected or recommended by the Relevant
Governmental Body as the replacement for the then-current Benchmark and (b) the Benchmark Replacement Adjustment; 

  

	 	(2)	 the sum of (a) the ISDA Fallback Rate and (b) the Benchmark Replacement Adjustment; or

  

	 	(3)	 the sum of (a) the alternate rate of interest that has been selected by the Company or its designee as the
replacement for the then-current Benchmark giving due consideration to any industry-accepted rate of interest as a replacement for the then-current Benchmark for U.S. dollar-denominated floating rate notes at such time and (b) the Benchmark
Replacement Adjustment. 

 “Benchmark Replacement Adjustment” means the first alternative set forth in
the order below that can be determined by the Company or its designee as of the Benchmark Replacement Date: 
  

	 	(1)	 the spread adjustment, or method for calculating or determining such spread adjustment (which may be a positive
or negative value or zero), that has been selected or recommended by the Relevant Governmental Body for the applicable Unadjusted Benchmark Replacement; 

  

	 	(2)	 if the applicable Unadjusted Benchmark Replacement is equivalent to the ISDA Fallback Rate, the ISDA Fallback
Adjustment; or 

  

	 	(3)	 the spread adjustment (which may be a positive or negative value or zero) that has been selected by the Company
or its designee giving due consideration to any industry-accepted spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of the then-current Benchmark with the applicable Unadjusted Benchmark
Replacement for U.S. dollar-denominated floating rate notes at such time. 

 “Benchmark Replacement Conforming
Changes” means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of the Interest Period, timing and frequency of determining rates and making payments of
interest, rounding of amounts or tenors and other administrative matters) that we or our designee decide may be appropriate to reflect the adoption of such Benchmark Replacement in a manner substantially consistent with market practice (or, if the
Company or its designee decide that adoption of any portion of such market practice is not administratively feasible or if the Company or its designee determine that no market practice for use of the Benchmark Replacement exists, in such other
manner as the Company or its designee determine is reasonably necessary). 
 “Benchmark Replacement Date” means the
earliest to occur of the following events with respect to the then-current Benchmark (including the daily published component used in the calculation thereof): 
  

	 	(1)	 in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of
(a) the date of the public statement or publication of information referenced therein and (b) the date on which the administrator of the Benchmark permanently or indefinitely ceases to provide the Benchmark (or such component); or

  

	 	(2)	 in the case of clause (3) of the definition of “Benchmark Transition Event,” the date of the
public statement or publication of information referenced therein. 

 “Benchmark Transition Event” means
the occurrence of one or more of the following events with respect to the then-current Benchmark (including the daily published component used in the calculation thereof): 
  

	 	(1)	 a public statement or publication of information by or on behalf of the administrator of the Benchmark (or such
component) announcing that such administrator has ceased or will 

  
 2 

	 	
cease to provide the Benchmark (or such component), permanently or indefinitely; provided that, at the time of such statement or publication, there is no successor administrator that will
continue to provide the Benchmark (or such component); 

  

	 	(2)	 a public statement or publication of information by the regulatory supervisor for the administrator of the
Benchmark (or such component), the central bank for the currency of the Benchmark (or such component), an insolvency official with jurisdiction over the administrator for the Benchmark (or such component), a resolution authority with jurisdiction
over the administrator for the Benchmark (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator for the Benchmark, which states that the administrator of the Benchmark (or such component)
has ceased or will cease to provide the Benchmark (or such component) permanently or indefinitely; provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the Benchmark
(or such component); or 

 (3)    a public statement or publication of information by the regulatory
supervisor for the administrator of the Benchmark announcing that the Benchmark is no longer representative. 
 “Board of
Directors” means the Company’s board of directors or any committee of that board duly authorized to act generally or in any particular respect for the Company under the Indenture. 

“Business Day” means any day other than a Saturday, a Sunday or a day on which banking institutions in the City of New York
are authorized or obligated by law, regulation or executive order to remain closed and is also a U.S. Government Securities Business Day. 

“Calculation Agent” shall initially mean Wells Fargo Bank, National Association, or any successor appointed from time to time
by the Company, acting as calculation agent. 
 “Compounded SOFR” means, with respect to any Interest Period, the rate
computed in accordance with the following formula set forth below: 
  
 

 
 where: 

“SOFR IndexStart” is the SOFR Index value for
the day that is two U.S. Government Securities Business Days preceding the first date of the relevant Interest Period; 

“SOFR IndexEnd” is the SOFR Index value for the
day that is two U.S. Government Securities Business Days preceding the Latter Floating Rate Interest Payment Date relating to such Interest Period; and 

“dc” is the actual number of calendar days from (and
including) SOFR IndexStart to (but excluding) SOFR IndexEnd (the actual number of calendar days in the applicable Observation Period). 

“Comparable Treasury Issue” means the United States Treasury security or securities selected by the Quotation Agent as having
an actual or interpolated maturity comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities
of comparable maturity to the remaining term of the Notes to be redeemed. 
 “Comparable Treasury Price” means, with
respect to any redemption date, (i) the average of four Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the Quotation Agent obtains
fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations. 

  
 3 

 “Consolidated Net Tangible Assets” means the aggregate amount of assets
(less applicable reserves and other properly deductible items) after deducting therefrom all current liabilities and all goodwill, trade names, trademarks, unamortized debt discounts and expense and other like intangibles of the Company and its
consolidated Subsidiaries, all as set forth in the most recent balance sheet of the Company and its consolidated Subsidiaries prepared in accordance with GAAP. 

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

 “Fixed Rate Interest Payment Date” means each day on which interest on the 2024 Notes and the 2028 Notes will be paid,
which will be semi-annually in arrears on April 15 and October 15 of each year, commencing on April 15, 2022 and, in each case, at maturity. 

“Floating Rate Interest Payment Date” means each day on which interest on the Floating Rate Notes will be paid, which will be
quarterly in arrears on January 15, April 15, July 15 and October 15 of each year, commencing on January 15, 2022, and at maturity. 

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

“Global Notes” means, individually and collectively, each certificated Note deposited with or on behalf of and registered in
the name of the Depositary or its nominee, substantially in the forms of Exhibit A, Exhibit B and Exhibit C hereto and each of which has the “Schedule of Exchanges of Interests in the Global Note” attached thereto. As
of the date of this Supplemental Indenture, all of the Notes are represented by one or more Global Notes. 
 “Hedging
Obligations” means, with respect to any Person, the obligations of such Person under (i) interest rate swap agreements, interest rate cap agreements and interest rate collar agreements and (ii) other agreements or arrangements
designed to protect such Person against fluctuations in interest or currency exchange rates. 
 “Indebtedness” means, with
respect to any Person, without duplication, any indebtedness of such Person in respect of borrowed money or evidenced by bonds, notes, debentures or similar instruments or letters of credit (or reimbursement agreements in respect thereof), except
any such balance that constitutes an accrued expense or trade payable, if and to the extent any of the foregoing indebtedness (other than letters of credit) would appear as a liability upon a balance sheet of such Person prepared in accordance with
GAAP (but does not include contingent liabilities which appear only in a footnote to a balance sheet). 
 “Indenture” has
the meaning assigned to it in the preamble hereto. 
 “Initial Interest Period” means the period from and including the
date of this Supplemental Indenture to, but excluding, the first Floating Rate Interest Payment Date. 
 “Initial Notes”
means (i) with respect to Floating Rate Notes, the first $400,000,000 aggregate principal amount of the Floating Rate Notes, (ii) with respect to the 2024 Notes, the first $850,000,000 aggregate principal amount of the 2024 Notes and
(iii) with respect to the 2028 Notes, the first $1,000,000,000 aggregate principal amount of the 2028 Notes, in each case, issued under the Indenture on the date hereof. 

  
 4 

 “Interest Determination Date” means, with respect to any Interest Period,
the second U.S. Government Securities Business Day preceding such Floating Rate Interest Payment Date. 
 “Interest Period”
means, after the Initial Interest Period, the period from and including a Floating Rate Interest Payment Date to, but excluding, the immediately succeeding Floating Rate Interest Payment Date (such succeeding Floating Rate Interest Payment Date, the
“Latter Floating Rate Interest Payment Date”); provided that the final Interest Period for the Floating Rate Notes will be the period from and including the Floating Rate Interest Payment Date immediately preceding the
maturity date of the Floating Rate Notes to, but excluding, the maturity date. 
 “ISDA Definitions” means the 2006 ISDA
Definitions published by the International Swaps and Derivatives Association, Inc. or any successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate derivatives published from time to
time. 
 “ISDA Fallback Adjustment” means the spread adjustment (which may be a positive or negative value or zero) that
would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark. 

“ISDA Fallback Rate” means the rate that would apply for derivatives transactions referencing the ISDA Definitions to be
effective upon the occurrence of an index cessation date with respect to the Benchmark for the applicable tenor excluding the applicable ISDA Fallback Adjustment. 

“Latter Floating Rate Interest Payment Date” has the meaning assigned to it in the definition of “Interest Period”
hereto. 
 “Make-Whole Redemption Price” has the meaning assigned to it in Section 3.01(c) hereto. 

“New York Federal Reserve” means the Federal Reserve Bank of New York (or a successor administrator of the Secured Overnight
Financing Rate). 
 “New York Federal Reserve’s Website” means the website of the New York Federal Reserve, currently
at http://www.newyorkfed.org, or any successor source. 
 “Non-Domestic Entity”
means a Person not organized or existing under the laws of the United States, any state thereof or the District of Columbia. 

“Notes” has the meaning assigned to it in the recitals hereto. For purposes of the Indenture, all references to the notes to
be issued or authenticated upon transfer or replacement of or in exchange for Notes shall be deemed to refer to Notes. In addition, unless the context otherwise requires, all references to the “Notes” shall include the Initial Notes and
any Additional Notes. 
 “Observation Period” means, in respect of each Interest Period, the period from and including two
U.S. Government Securities Business Days preceding the first date of such relevant Interest Period to, but excluding, two U.S. Government Securities Business Days preceding the Latter Floating Rate Interest Payment Date for such Interest Period;
provided that the first Observation Period shall be the period from and including two U.S. Government Securities Business Days preceding the date hereof to, but excluding, the two U.S. Government Securities Business Days preceding the first
Floating Rate Interest Payment Date. 
 “Par Call Date” means August 15, 2028 (the date that is two months prior to
the stated maturity date for the 2028 Notes). 
 “Par Call Redemption Price” has the meaning assigned to it in
Section 3.01(d) hereto. 
 “Permitted Liens” means: 

 

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

 

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

  
 5 

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

 

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

  

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

  

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

  

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

 

	 	(viii)	 Liens securing Hedging Obligations; 

 

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

  

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

 

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

  

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

  

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

 

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

  

	 	(xv)	 Liens related to minor survey exceptions, minor encumbrances, ground leases, easements or reservations of, or
rights of others for, licenses, rights-of-way, servitudes, sewers, 

  
 6 

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

 

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

  

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

  

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

  

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

  

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

 “Permitted Receivables Financing” means any facility, arrangement, transaction or agreement
(i) pursuant to which the Company or any Restricted Subsidiary finances the acquisition or origination of Receivables with, or sells Receivables that it has acquired or originated to, a third party on terms that the Board of Directors has
concluded are customary and market-standard, and/or (ii) that grants Liens to, or permits filings of precautionary UCC financing statements by, the third party against the Company or its Restricted Subsidiaries, as applicable, under such
facility, arrangement, transaction or agreement relating to the subject Receivables, related assets and/or proceeds. 
 “Quotation
Agent” means a Reference Treasury Dealer appointed by the Company. 
 “Receivable” means each of the following:
(i) any right to payment of a monetary obligation, including, without limitation, any promissory note, financing agreement, installment sale contract, lease contract, insurance or service contract, or any credit, debit or charge card
receivable, and (ii) any assets related to such receivables, including, without limitation, any collateral securing, or property leased under, such receivables. 

“Receivables Entity” means each of the following: (i) any Person (whether or not a Subsidiary of the Company)
established for the purpose of transferring or holding Receivables or issuing securities, debt instruments or other Indebtedness backed by Receivables and/or Receivable-backed securities, regardless of whether such Person is an issuer of securities,
debt instruments or other Indebtedness; and (ii) any Subsidiary of the Company formed exclusively for the purpose of satisfying the requirements of Credit Enhancement Agreements, regardless of whether such Person is an issuer of securities,
debt instruments or other Indebtedness. 
 “Redemption Price” has the meaning assigned to it in Section 3.01(b)
hereto. 
 “Reference Time” with respect to any determination of the Benchmark means (1) if the Benchmark is
Compounded SOFR, the SOFR Determination Time, and (2) if the Benchmark is not Compounded SOFR, the time determined by us or our designee after giving effect to the Benchmark Replacement Conforming Changes. 

  
 7 

 “Reference Treasury Dealer” means (i)(a) any of Citigroup Global Markets
Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC and TD Securities (USA) LLC, and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S.
government securities dealer in New York City (a “Primary Treasury Dealer”), the Company will substitute therefor another Primary Treasury Dealer, and (b) any other Primary Treasury Dealer selected by Santander Investment
Securities Inc. and its successors; and (ii) any other Primary Treasury Dealer(s) selected by the Company. 
 “Reference
Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each
case as a percentage of its principal amount) quoted in writing to the Quotation Agent by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such redemption date. 

“Refinancing Indebtedness” means any Indebtedness of the Company or any of its Restricted Subsidiaries issued in exchange
for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund, other Indebtedness of the Company or any of its Restricted Subsidiaries. 

“Relevant Governmental Body” means the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee
officially endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York or any successor thereto. 

“Remaining Scheduled Payments” means the remaining scheduled payments of principal of and interest on the Notes called for
redemption that would be due after the related redemption date but for that redemption (exclusive of interest accrued and unpaid as of the date of redemption). 

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

“Restricted Subsidiary” means any Subsidiary of the Company that is not a Receivables Entity or Non-Domestic Entity. 
 “Secured Overnight Financing Rate” means the daily secured
overnight financing rate as provided by the New York Federal Reserve on the New York Federal Reserve’s Website. 
 “SOFR
Index” means, with respect to any U.S. Government Securities Business Day: 
  

	 	(1)	 the SOFR Index value as published by the New York Federal Reserve as such index appears on the New York Federal
Reserve’s Website at 3:00 p.m. (New York time) on such U.S. Government Securities Business Day (the “SOFR Determination Time”); provided that: 

 

	 	(2)	 if a SOFR Index value does not so appear as specified in clause (1) above at the SOFR Determination Time,
then: 

  

	 	(i)	 if a Benchmark Transition Event and its related Benchmark Replacement Date have not occurred with respect to
SOFR, then Compounded SOFR shall be the rate determined pursuant to Section 7.07 hereto; or 

  

	 	(ii)	 if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to SOFR,
then Compounded SOFR shall be the rate determined pursuant to Section 7.08 hereto. 

 “SOFR Determination
Time” has the meaning assigned to it in the definition of “SOFR Index” hereto. 

  
 8 

 “Supplemental Indenture” has the meaning assigned to it in the preamble
hereto. 
 “Treasury Rate” means, with respect to any redemption date, the rate per annum equal to the semi-annual
equivalent yield to maturity of the Comparable Treasury Issue, calculated by the Quotation Agent on the third Business Day preceding the redemption date, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal
amount) equal to the Comparable Treasury Price for such redemption date. 
 “Trustee” means Wells Fargo Bank, National
Association, until a successor replaces it in accordance with the applicable provisions of this Indenture, and thereafter means the successor serving thereunder. 

“Unadjusted Benchmark Replacement” means the Benchmark Replacement excluding the Benchmark Replacement Adjustment. 

“U.S. Government Securities Business Day” means any day except for a Saturday, Sunday or a day on which the Securities
Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in U.S. government securities. 

Section 1.02 Incorporation by Reference of Trust Indenture Act. 

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

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

Unless the context otherwise requires: 

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

(b)    “or” is not exclusive; 

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

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

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

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

ARTICLE 2 
 THE NOTES 

Section 2.01 Establishment, Form and Dating. 

(a)    There is hereby established three new series of Securities to be issued under the Base Indenture, to be designated
as (i) the Company’s Floating Rate Senior Notes due 2024, (ii) the Company’s 1.200% Senior Notes due 2024 and (iii) the Company’s 2.400% Senior Notes due 2028. 

  
 9 

 (b)    There are to be authenticated and delivered (i) $400,000,000
principal amount of Floating Rate Notes, (ii) $850,000,000 principal amount of 2024 Notes and (iii) $1,000,000,000 principal amount of 2028 Notes, and such principal amount of each series of Notes may be increased from time to time pursuant to
Section 2.02 of the Base Indenture by the issuance of Additional Notes. Any such Additional Notes will have the same interest rate, maturity and other terms as the Initial Notes of such series, except, in some cases, for their issue price and,
if applicable, the initial interest accrual date and the initial interest payment date, and shall constitute a single series of Securities with the Initial Notes of such series; provided that if such Additional Notes are not fungible with the
applicable series of Initial Notes for U.S. federal income tax purposes, they will have a separate CUSIP number. No Notes shall be authenticated and delivered in addition to Notes for the principal amount as so increased except as provided by
Sections 2.09, 2.10, 2.13 or 3.08 of the Base Indenture. The Notes shall be senior debt securities and shall be issued in fully registered form. 

(c)    The Floating Rate Notes and the Trustee’s certificate of authentication with respect thereto will be
substantially in the form of Exhibit A hereto, the 2024 Notes and the Trustee’s certificate of authentication with respect thereto will be substantially in the form of Exhibit B hereto, and the 2028 Notes and the Trustee’s
certificate of authentication with respect thereto will be substantially in the form of Exhibit C hereto. The Notes may have notations, legends or endorsements required by law, stock exchange rule or usage. Each Note will be dated the date of
its authentication, and except as provided in Section 2.09 of the Base Indenture, will be issued in the form of one or more Global Notes. The principal of, and any premium or interest on, the Notes shall be payable in U.S. dollars. The Notes
shall be in denominations of $2,000 and integral multiples of $1,000 in excess thereof. 
 (d)    The terms and
provisions contained in the Notes will constitute, and are hereby expressly made, a part of the Indenture and the Company and the Trustee, by their execution and delivery of the Indenture, expressly agree to such terms and provisions and to be bound
thereby. However, to the extent any provision of any Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. 

Section 2.02 Registrar and Paying Agent. 

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

ARTICLE 3 
 REDEMPTION OF NOTES

 Section 3.01 Optional Redemption. 

(a)    The Floating Rate Notes are not subject to optional redemption prior to maturity. 

(b)    The 2024 Notes and the 2028 Notes may be redeemed, in whole or in part, at the option of the Company pursuant to
Section 3.01(c) hereof. Other than as specifically provided in this Article 3, any redemption pursuant to this Article 3 will be made pursuant to the provisions of Article 3 of the Base Indenture. 

(c)    Prior to maturity, in the case of the 2024 Notes, and prior to the Par Call Date, in the case of the 2028 Notes,
the Company may redeem the 2024 Notes and the 2028 Notes, in whole or in part from time to time, at a redemption price (the “Make-Whole Redemption Price”) equal to the greater of: (1) 100% of the principal amount of the Notes to be
redeemed; and (2) as determined by the Quotation Agent, the 

  
 10 

 
sum of the present values of the Remaining Scheduled Payments, discounted to the redemption date on a semi-annual basis at the Treasury Rate plus 10 basis points, in the case of the 2024 Notes,
or 20 basis points, in the case of the 2028 Notes, plus, in each case, accrued and unpaid interest thereon to, but excluding, the date of redemption. 

(d)    On or after the Par Call Date, the Company may redeem the 2028 Notes, in whole or in part from time to time, at a
redemption price (the “Par Call Redemption Price” and, together with the Make-Whole Redemption Price, each a “Redemption Price”) equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and
unpaid interest thereon to, but excluding, the date of redemption. 
 (e)    If the redemption date is after a record
date and on or prior to a corresponding interest payment date, interest will be paid on the redemption date to the holder of record on the record date. 

(f)    If the Company elects to redeem the 2024 Notes or the 2028 Notes pursuant to this Article 3, it must furnish to the
Trustee, at least 15 days but not more than 60 days before the redemption date of any redemption permitted hereunder, an Officer’s Certificate setting forth the information required by Section 3.03 of the Base Indenture. 

(g)    The Notes to be redeemed will be selected in compliance with Section 3.04 of the Base Indenture; provided
that, in the event of partial redemption, the particular Notes to be redeemed will be selected, unless otherwise provided herein or in the Base Indenture, not less than 15 days nor more than 60 days prior to the redemption date by the Trustee
from the outstanding Notes not previously called for redemption. 
 (h)    At least 15 days but not more than 60 days
before a redemption date, the Company will send or cause to be sent a notice of redemption to each Holder whose Notes are to be redeemed in a manner provided for in and otherwise in compliance with Section 3.05 of the Base Indenture, except
that redemption notices may be sent more than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of the Notes or a satisfaction and discharge of this Indenture pursuant to Article 8 of the Base Indenture. At
the Company’s request, the Trustee will give the notice of redemption in the Company’s name and at its expense; provided, however, that the Company has delivered to the Trustee, at least 20 days prior to the redemption date (or a
shorter period as agreed to by the Trustee), an Officer’s Certificate requesting that the Trustee give such notice setting forth the information to be stated in such notice as provided in the preceding sentence. 

(i)    The Redemption Price will be calculated assuming a 360-day year consisting
of twelve 30-day months. 
 (j)    The Trustee shall not be responsible for the
calculation of such Redemption Price. The Company shall calculate such Redemption Price and promptly notify the Trustee in writing thereof. 

Section 3.02 Mandatory Redemption. 

(a)    The Company is not required to make mandatory redemption or sinking fund payments with respect to the Notes. 

  
 11 

 ARTICLE 4 

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

Section 4.01 Liens. 

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

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

ARTICLE 6 
 NO GUARANTEES 

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

ARTICLE 7 
 MISCELLANEOUS 

Section 7.01 Governing Law. 

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

Section 7.02 Successors. 

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

  
 12 

 Section 7.03 Severability. 

In case any provision in this Supplemental Indenture or in the Notes is invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions will not in any way be affected or impaired thereby. 
 Section 7.04 Counterpart
Originals. 
 The parties may sign any number of copies of this Supplemental Indenture. Each signed copy will be an original, but all of
them together represent the same agreement. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or .pdf transmission shall constitute effective execution and delivery of this instrument as to the parties hereto
and may be used in lieu of the original instrument for all purposes. Signatures of the parties hereto transmitted by facsimile or .pdf shall be deemed to be their original signatures for all purposes. This Supplemental Indenture shall be valid,
binding and enforceable against a party only when executed and delivered by an authorized individual on behalf of the party by means of (i) any electronic signature permitted by the federal Electronic Signatures in Global and National Commerce
Act, state enactments of the Uniform Electronic Transactions Act, and/or any other relevant electronic signatures law, including relevant provisions of the Uniform Commercial Code/UCC (collectively, “Signature Law”); (ii) an original
manual signature; or (iii) a faxed, scanned, or photocopied manual signature. Each electronic signature or faxed, scanned, or photocopied manual signature shall for all purposes have the same validity, legal effect, and admissibility in
evidence as an original manual signature. Each party hereto shall be entitled to conclusively rely upon, and shall have no liability with respect to, any faxed, scanned, or photocopied manual signature, or other electronic signature, of any party
and shall have no duty to investigate, confirm or otherwise verify the validity or authenticity thereof. This Supplemental Indenture may be executed in any number of counterparts, each of which shall be deemed to be an original, but such
counterparts shall, together, constitute one and the same instrument. For avoidance of doubt, original manual signatures shall be used for execution or indorsement of writings when required under the UCC or other Signature Law due to the character
or intended character of the writings. 
 Section 7.05 Table of Contents, Headings, Etc. 

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

Section 7.06 Calculation Agent. 

(i)    The Calculation Agent’s determination of any interest rate and its calculation of the amount of interest for
any Floating Rate Interest Period will be final and binding in the absence of manifest error. All percentages resulting from any calculation are to be rounded to the nearest one hundred-thousandth of a percentage point, with five one-millionths of a percentage point rounded upward. Dollar amounts used in the calculation are to be rounded to the nearest cent (with one-half cent being rounded upward). So
long as Compounded SOFR is required to be determined with respect to the Notes, there will at all times be a Calculation Agent. In the event that any then-acting Calculation Agent shall be unable or unwilling to act, or that such Calculation Agent
shall fail duly to establish the Compounded SOFR for any Interest Period, or that the Company proposes to remove such Calculation Agent, the Company shall appoint the Company or another person which is a bank, trust company, investment banking firm
or other financial institution to act as the Calculation Agent. 
 (j)    Neither the Trustee nor the Calculation agent
shall have any (i) responsibility or liability for (A) the determination of whether a Benchmark Transition Event or Benchmark Replacement Date has occurred or (B) the determination or calculation of a Benchmark Replacement, Unadjusted
Benchmark Replacement, or Benchmark Replacement Adjustment, and, in each such case under clauses (A) and (B) above, shall be entitled to conclusively rely upon the selection, determination, and/or calculation thereof as provided by the Company
or its designee, as applicable, and (ii) liability or responsibility for any failure or 

  
 13 

 
delay in performing its duties hereunder as a result of the unavailability of a Benchmark rate as described in the definition thereof, including, without limitation, as a result of the Company or
its designee’s failure to select a Benchmark Replacement, Unadjusted Benchmark Replacement or Benchmark Replacement Adjustment or the failure of the Company or its designee to calculate a Benchmark or Benchmark Replacement Adjustment. Each of
the Trustee and the Calculation Agent shall be entitled to rely conclusively on all notices from the Company or its designee regarding any Benchmark, Benchmark Replacement, Unadjusted Benchmark Replacement or Benchmark Replacement Adjustment,
including, without limitation, in regard to a Benchmark Transition Event, Benchmark Replacement Date and Benchmark Replacement Conforming Changes. Neither the Trustee nor the Calculation Agent shall be responsible or liable for the failure or delay
of the Company or its designee in the performance of the Company’s or such designee’s duties or obligations with respect to a Benchmark Transition Event, nor shall they be under any obligation to monitor or oversee the Company’s or
its designee’s performance with respect thereto. The Trustee and the Calculation Agent shall be entitled to rely conclusively on any determination made, and any instruction, notice, officers’ certificate or other instruction or information
provided by the Company or its designee with respect to a Benchmark Transition Event without independent verification, investigation or inquiry of any kind. 

(k)    The Company will give the Trustee and the Calculation Agent written notice of the person appointed as its designee.

 Section 7.07 SOFR Unavailable. 

If a SOFR IndexStart or SOFR
IndexEnd is not published on the associated Interest Determination Date and a Benchmark Transition Event and its related Benchmark Replacement Date have not occurred with respect to the Secured
Overnight Financing Rate, “Compounded SOFR” means, for the applicable Interest Period for which such index is not available, the rate of return on a daily compounded interest investment calculated in accordance with the formula for SOFR
Averages, and definitions required for such formula, published on the New York Federal Reserve’s Website at https://www.newyorkfed.org/markets/treasury-repo-reference-rates-information. For the purposes of this provision, references in the SOFR
Averages compounding formula and related definitions to “calculation period” shall be replaced with “Observation Period” and the words “that is, 30-,
90-, or 180- calendar days” shall be removed. If the daily Secured Overnight Financing Rate
(“SOFRi”) does not so appear for any day, “i” in the Observation Period, SOFRi for such day “i” shall be the Secured Overnight Financing Rate published in respect of the first preceding U.S. Government
Securities Business Day for which the Secured Overnight Financing Rate was published on the New York Federal Reserve’s Website. 

Section 7.08 Effect of a Benchmark Transition Event. 

(a)    If the Company or its designee determine on or prior to the relevant Reference Time that a Benchmark Transition
Event and its related Benchmark Replacement Date have occurred with respect to the then-current Benchmark, the Benchmark Replacement will replace the then-current Benchmark for all purposes relating to the Floating Rate Notes in respect of all
determinations on such date and for all determinations on all subsequent dates. 
 (b)    In connection with the
implementation of a Benchmark Replacement, the Company or its designee will have the right to make Benchmark Replacement Conforming Changes from time to time. 

(c)    Any determination, decision or election that may be made by the Company or its designee pursuant to this
Section 7.08, including a determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking
any action or any selection: 
  

	 	(i)	 will be conclusive and binding absent manifest error; 

 

	 	(ii)	 will be made in the sole discretion of the Company or its designee; and 

  
 14 

	 	(iii)	 notwithstanding anything to the contrary in the documentation relating to the Floating Rate Notes, shall become
effective without consent from the holders of the Floating Rate Notes or any other party. 

(d)    For the avoidance of doubt, if the event that gives rise to the Benchmark Replacement Date occurs on the same day
as, but earlier than, the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination. 

(e)    For the avoidance of doubt, for purposes of the definitions of Benchmark Replacement Date and Benchmark Transition
Event, references to Benchmark also include any reference rate underlying such Benchmark. 
 [Signature Pages Follow] 

  
 15 

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

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

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

  
 [Signature Page to
Supplemental Indenture] 

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

	Name:	 	Patrick Giordano
	Title:	 	Vice President

  
 [Signature Page to
Supplemental Indenture] 

 Exhibit A 

THIS DEBT SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A
NOMINEE THEREOF. THIS DEBT SECURITY MAY NOT BE TRANSFERRED TO, OR REGISTERED OR EXCHANGED FOR SECURITIES REGISTERED IN THE NAME OF, ANY PERSON OTHER THAN THE DEPOSITARY OR A NOMINEE THEREOF, AND NO SUCH TRANSFER MAY BE REGISTERED, EXCEPT IN THE
LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY DEBT SECURITY AUTHENTICATED AND DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR OR IN LIEU OF, THIS DEBT SECURITY SHALL BE A GLOBAL SECURITY SUBJECT TO THE FOREGOING, EXCEPT IN
SUCH LIMITED CIRCUMSTANCES. 
 UNLESS THIS GLOBAL SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION (“DTC”), TO GENERAL MOTORS FINANCIAL COMPANY, INC. OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.1 
 BY ITS ACQUISITION AND/OR HOLDING OF THIS DEBT SECURITY OR ANY INTEREST IN THIS
NOTE, THE HOLDER THEREOF WILL BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT EITHER (A) THE HOLDER IS NOT ACQUIRING OR HOLDING THE SECURITY FOR OR ON BEHALF OF, AND NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD THIS
SECURITY, OR ANY INTEREST THEREIN, CONSTITUTES THE ASSETS OF AN EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO TITLE I OF THE U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), A PLAN, INDIVIDUAL RETIREMENT ACCOUNT OR
OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975 OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) OR PROVISIONS UNDER ANY OTHER FEDERAL, STATE, LOCAL, NON-U.S. OR OTHER LAWS OR
REGULATIONS THAT ARE SIMILAR TO SUCH PROVISIONS OF ERISA OR THE CODE (COLLECTIVELY, “SIMILAR LAWS”), OR OF AN ENTITY WHOSE UNDERLYING ASSETS ARE CONSIDERED TO INCLUDE “PLAN ASSETS” OF ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT, OR
(B)(1) THE ACQUISITION, HOLDING, AND SUBSEQUENT DISPOSITION OF THIS SECURITY WILL NOT CONSTITUTE A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A SIMILAR
VIOLATION UNDER ANY APPLICABLE SIMILAR LAWS AND (2) NONE OF THE ISSUER, ANY UNDERWRITER OR THE ANY OF THEIR RESPECTIVE AFFILIATES IS ACTING, OR WILL ACT, AS A FIDUCIARY TO ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT WITH RESPECT TO THE DECISION TO
PURCHASE OR HOLD THIS SECURITY OR IS UNDERTAKING TO PROVIDE IMPARTIAL INVESTMENT ADVICE OR GIVE ADVICE IN A FIDUCIARY CAPACITY WITH RESPECT TO THE DECISION TO PURCHASE OR HOLD THIS SECURITY. 

 
  

	1	 Insert in Global Notes only. 

			
	CUSIP No.:	  	37045X DN3
	ISIN No.:	  	US37045XDN30

 Floating Rate Note due 2024 
  

			
	No. R-[                    ]	  	$[        ]

 GENERAL MOTORS FINANCIAL COMPANY, INC. promises to pay to [CEDE & CO.]2 or registered
assigns, the principal sum of $[        ][(subject to the decreases and increases in principal amount set forth on the Schedule of Exchanges of Interests in the Global Note attached hereto)]3 on October 15, 2024. 

Interest Payment Dates: January 15, April 15, July 15 and October 15, commencing January 15, 2022. 

Interest Rate: The interest rate for the Initial Interest Period shall be Compounded SOFR, as determined on January 13, 2022, plus 0.62% per
annum. Thereafter, the interest rate for any Interest Period will be Compounded SOFR, as determined on the applicable Interest Determination Date, plus 0.62% per annum. The interest rate shall be reset quarterly on each Floating Rate
Interest Payment Date. 
 Record Dates: 15 calendar days prior to each Floating Rate Interest Payment Date. 

 
  

	2	 Insert in Global Notes only. 

	3	 Insert in Global Notes only. 

  
 A-2 

 Dated: 
  

			
	GENERAL MOTORS FINANCIAL COMPANY, INC.
		
	By:	 	
                    

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

  
 A-3 

			
	This is one of the Global
	 Notes referred to in the

within-mentioned Indenture:

	
	Dated:
	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION 

as Trustee

		
	By:	 	
                    

	Name:	 	Patrick Giordano
	Title:	 	Vice President

  
 A-4 

 [Back of Note] 

Floating Rate Note due 2024 

This Note is one of a duly authorized issue of Securities of General Motors Financial Company, Inc. (the “Company,” which
term includes any successor Person under the Base Indenture hereinafter referred to), issued and issuable in one or more series under an indenture, dated as of October 13, 2015 (as amended or supplemented to the date hereof, the “Base
Indenture”), between the Company and Wells Fargo Bank, National Association, as trustee (the “Trustee,” which term includes any successor trustee under the Base Indenture), to which Base Indenture and all indentures
supplemental thereto reference is hereby made for a statement of the respective rights, limitation of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities issued thereunder and of the terms upon
which said Securities are, and are to be, authenticated and delivered. This Note is one of the series designated on the face hereof as Floating Rate Notes due 2024 (the “Notes”), which was issued under the Forty-Forth Supplemental
Indenture, dated as of October 15, 2021, to the Base Indenture (the “Supplemental Indenture” and, together with the Base Indenture, the “Indenture”) and which is initially limited to $400,000,000 in principal
amount. Capitalized terms used herein for which no definition is provided herein shall have the meanings set forth in the Indenture. 

1.    INTEREST. The Notes will bear interest at a floating rate, reset quarterly on each Floating Rate Interest
Payment Date, equal to Compounded SOFR plus 0.62% per annum. The Company will pay interest quarterly in arrears on January 15, April 15, July 15 and October 15 of each year, commencing on January 15, 2022, and at
maturity. If any January 15, April 15, July 15 or October 15 is not a Business Day, then the next succeeding Business Day will be the applicable Floating Rate Interest Payment Date and interest on the Notes will be paid on such
next succeeding Business Day; provided that if such next succeeding Business Day falls in the succeeding calendar month, then the applicable Floating Rate Interest Payment Date will be the Business Day immediately preceding such
January 15, April 15, July 15 and October 15, and interest on the Notes will be paid on such immediately preceding Business Day). If the stated maturity date of the Notes is not a Business Day, the payment of principal of, and
interest on, the Notes will be made on the next succeeding Business Day, and no interest will accrue for the period from and after the stated maturity date. Interest on the Notes will accrue from and including the most recent date to which interest
has been paid or, if no interest has been paid, from October 15, 2021; provided that if there is no existing Default in the payment of interest, and if this Note is authenticated between a record date referred to on the face hereof and
the next succeeding Floating Rate Interest Payment Date, interest shall accrue from such next succeeding Floating Rate Interest Payment Date; provided, further, that the first Floating Rate Interest Payment Date shall be
January 15, 2022. The Company shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at a rate that is 1% per annum in excess of the
rate then in effect; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest from time to time on demand at the same rate to the extent lawful. Interest will be computed
on the basis of the actual number of days elapsed over a 360-day year. 

2.    METHOD OF PAYMENT. The Company will pay interest on the Notes (except defaulted interest) to the Persons who
are registered Holders of Notes at the close of business on the record date on the next preceding Floating Rate Interest Payment Date, even if such Notes are cancelled after such record date and on or before such Floating Rate Interest Payment Date,
except as provided in Section 2.08 of the Indenture with respect to defaulted interest. The Notes will be payable as to principal, premium, if any, and interest, if any, at the office or agency of the Trustee maintained for such purpose within
the City and State of New York. The Company will make payments of principal, premium, if any, and interest, if any, in respect of the Notes in book-entry form to the Depositary in immediately available funds, while disbursement of such payments to
owners of beneficial interests in Notes in book-entry form will be made in accordance with the procedures of the Depositary and its participants in effect from time to time. 

  
 A-5 

 3.    PAYING AGENT, CALCULATION AGENT AND REGISTRAR. Initially,
Wells Fargo Bank, National Association, the Trustee under the Indenture, will act as Paying Agent, Calculation Agent and Registrar. The Company may change any Paying Agent, Calculation Agent or Registrar without notice to any Holder. The Company or
any of its Subsidiaries may act in any such capacity. 
 4.    INDENTURE. The Company issued the Notes under the
Indenture. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the TIA. The Notes are subject to all such terms, and Holders are referred to the Indenture and the TIA for a statement of
such terms. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. The Notes are general unsecured obligations of the Company and are not
limited as to aggregate principal amount. The Notes, including any Additional Notes issued hereunder, shall contain the terms set forth herein and in the Indenture and shall constitute and be treated as one series of Notes for all purposes. 

5.    OPTIONAL REDEMPTION. The Notes are not subject to optional redemption prior to maturity. 

6.    MANDATORY REDEMPTION. The Company shall not be required to make mandatory redemption payments with respect
to the Notes. 
 7.    DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in registered form without coupons in
denominations of $2,000 and integral multiples of $1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to
furnish appropriate endorsements and transfer documents, and the Company may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Company need not exchange or register the transfer of any Note or portion of a
Note selected for redemption, except for the unredeemed portion of any Note being redeemed in part. Also, it need not exchange or register the transfer of any Notes for a period of 15 days before a selection of Notes to be redeemed or during the
period between a record date and the corresponding Floating Rate Interest Payment Date. 
 8.    PERSONS DEEMED
OWNERS. The registered Holder of a Note will be treated as its owner for all purposes. 
 9.    AMENDMENT,
SUPPLEMENT AND WAIVER. The Indenture or the Notes may be amended or supplemented as provided in Article 9 of the Base Indenture. 

10.    DEFAULTS AND REMEDIES. The terms of Article 6 of the Base Indenture shall be applicable to the Notes. 

11.    TRUSTEE DEALINGS WITH COMPANY. The Trustee, in its individual or any other capacity, may make loans to,
accept deposits from, and perform services for the Company or its Affiliates, and may otherwise deal with the Company or its Affiliates, as if it were not the Trustee. 

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

  
 A-6 

 13.    AUTHENTICATION. This Note shall not be valid until
authenticated by the manual signature of the Trustee or an authenticating agent. 
 14.    ABBREVIATIONS.
Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (=
Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 
 15.    CUSIP NUMBERS. Pursuant to a recommendation
promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP numbers to be printed on the Notes and the Trustee may use CUSIP numbers in notices of redemption as a convenience to Holders. No representation
is made as to the accuracy of such numbers, either as printed on the Notes or as contained in any notice of redemption, and reliance may be placed only on the other identification numbers placed thereon. 

16.    NOTICES. The Company will furnish to any Holder upon written request and without charge a copy of the
Indenture. Requests may be made to: 
 General Motors Financial Company, Inc. 

801 Cherry Street, Suite 3500 

Fort Worth, Texas 76102 

Attention: Chief Financial Officer 

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

  
 A-7 

 Assignment Form 

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

 
  

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

 
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 
 and irrevocably
appoint:                                       
          
 to transfer this Note on the books of the Registrar. The agent may substitute another to act
for him. 
 Date:                     

  

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

  
 A-8 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE 

The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part
of another Global Note or Definitive Note for an interest in this Global Note, have been made: 
  

											
	 Date of Exchange
	  	 Amount of Decrease

in Principal

Amount of this

Global Note
	  	 Amount of

Increase in

Principal Amount

of this Global Note
	  	Principal Amount
of this Global Note
Following Such
Decrease (or
Increase)	 	  	 Signature of

Authorized Officer

of Trustee or Note

Custodian

		  		  		  				  	
		  		  		  				  	
		  		  		  				  	

  
 A-9 

 Exhibit B 

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

BY ITS ACQUISITION AND/OR HOLDING OF THIS DEBT SECURITY OR ANY INTEREST IN THIS NOTE, THE HOLDER THEREOF WILL BE DEEMED TO HAVE REPRESENTED AND WARRANTED
THAT (A) EITHER (1) THE HOLDER IS NOT ACQUIRING OR HOLDING THE SECURITY FOR OR ON BEHALF OF, AND NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD THIS SECURITY, OR ANY INTEREST THEREIN, CONSTITUTES THE ASSETS OF AN EMPLOYEE
BENEFIT PLAN THAT IS SUBJECT TO TITLE I OF THE U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), A PLAN, INDIVIDUAL RETIREMENT ACCOUNT OR OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975 OF THE U.S. INTERNAL
REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) OR PROVISIONS UNDER ANY OTHER FEDERAL, STATE, LOCAL, NON-U.S. OR OTHER LAWS OR REGULATIONS THAT ARE SIMILAR TO SUCH PROVISIONS OF ERISA OR THE CODE
(COLLECTIVELY, “SIMILAR LAWS”), OR OF AN ENTITY WHOSE UNDERLYING ASSETS ARE CONSIDERED TO INCLUDE “PLAN ASSETS” OF ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT, OR (2) THE ACQUISITION, HOLDING, AND SUBSEQUENT DISPOSITION OF THIS
SECURITY WILL NOT CONSTITUTE A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A SIMILAR VIOLATION UNDER ANY APPLICABLE SIMILAR LAWS AND (B) NONE OF THE ISSUER,
ANY UNDERWRITER OR THE ANY OF THEIR RESPECTIVE AFFILIATES IS ACTING, OR WILL ACT, AS A FIDUCIARY TO ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT WITH RESPECT TO THE DECISION TO PURCHASE OR HOLD THIS SECURITY OR IS UNDERTAKING TO PROVIDE IMPARTIAL
INVESTMENT ADVICE OR GIVE ADVICE IN A FIDUCIARY CAPACITY WITH RESPECT TO THE DECISION TO PURCHASE OR HOLD THIS SECURITY. 
  

 

	4 	 Insert in Global Notes only. 

			
	CUSIP No.:	  	37045X DM5
	ISIN No.:	  	US37045XDM56

 1.200% Senior Notes due 2024 
  

			
	No. R-[                    ]	  	$[            ]

 GENERAL MOTORS FINANCIAL COMPANY, INC. promises to pay to [CEDE & CO.]5 or registered assigns, the principal sum of
$[        ][(subject to the decreases and increases in principal amount set forth on the Schedule of Exchanges of Interests in the Global Note attached hereto)]6 on October 15, 2024. 

Interest Payment Dates: April 15 and October 15, commencing April 15, 2022. 

Record Dates: 15 calendar days prior to each Fixed Rate Interest Payment Date. 
  

 

	5	 Insert in Global Notes only. 

	6	 Insert in Global Notes only. 

  
 B-2 

 Dated: 
  

			
	GENERAL MOTORS FINANCIAL COMPANY, INC.
		
	By:	 	
                     
                    

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

  
 B-3 

			
	This is one of the Global
	 Notes referred to in the

within-mentioned Indenture:

	
	Dated:
	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION

as Trustee

		
	By:	 	
                     
                        

	Name:	 	Patrick Giordano
	Title:	 	Vice President

  
 B-4 

 [Back of Note] 

1.200% Senior Note due 2024 

This Note is one of a duly authorized issue of Securities of General Motors Financial Company, Inc. (the “Company,” which
term includes any successor Person under the Base Indenture hereinafter referred to), issued and issuable in one or more series under an indenture, dated as of October 13, 2015 (as amended or supplemented to the date hereof, the “Base
Indenture”), between the Company and Wells Fargo Bank, National Association, as trustee (the “Trustee,” which term includes any successor trustee under the Base Indenture), to which Base Indenture and all indentures
supplemental thereto reference is hereby made for a statement of the respective rights, limitation of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities issued thereunder and of the terms upon
which said Securities are, and are to be, authenticated and delivered. This Note is one of the series designated on the face hereof as 1.200% Senior Notes due 2024 (the “Notes”), which was issued under the Forty-Fourth Supplemental
Indenture, dated as of October 15, 2021, to the Base Indenture (the “Supplemental Indenture” and, together with the Base Indenture, the “Indenture”) and which is initially limited to $850,000,000 in principal
amount. Capitalized terms used herein for which no definition is provided herein shall have the meanings set forth in the Indenture. 

1.    INTEREST. The Notes will bear interest at 1.200% per annum. The Company will pay interest
semi-annually in arrears on April 15 and October 15 of each year, commencing on April 15, 2022, and at maturity. If any Fixed Rate Interest Payment Date, stated maturity date or earlier redemption date for the Notes is not a Business
Day, the Company will make the required payment of principal, premium, if any, and interest, if any, on the next succeeding Business Day, and no interest will accrue on the amount so payable for the intervening period. Interest on the Notes will
accrue from and including the most recent date to which interest has been paid or, if no interest has been paid, from October 15, 2021; provided that if there is no existing Default in the payment of interest, and if this Note is
authenticated between a record date referred to on the face hereof and the next succeeding Fixed Rate Interest Payment Date, interest shall accrue from such next succeeding Fixed Rate Interest Payment Date; provided, further, that the
first Fixed Rate Interest Payment Date shall be April 15, 2022. The Company shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand
at a rate that is 1% per annum in excess of the rate then in effect; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest from time to time on demand at the same rate
to the extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 

2.    METHOD OF PAYMENT. The Company will pay interest on the Notes (except defaulted interest) to the Persons who
are registered Holders of Notes at the close of business on the record date on the next preceding Fixed Rate Interest Payment Date, even if such Notes are cancelled after such record date and on or before such Fixed Rate Interest Payment Date,
except as provided in Section 2.08 of the Indenture with respect to defaulted interest. The Notes will be payable as to principal, premium, if any, and interest, if any, at the office or agency of the Trustee maintained for such purpose within
the City and State of New York. The Company will make payments of principal, premium, if any, and interest, if any, in respect of the Notes in book-entry form to the Depositary in immediately available funds, while disbursement of such payments to
owners of beneficial interests in Notes in book-entry form will be made in accordance with the procedures of the Depositary and its participants in effect from time to time. 

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

  
 B-5 

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

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

 6.    MANDATORY REDEMPTION. The Company shall not be required to make mandatory redemption payments with
respect to the Notes. 
 7.    DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in registered form without
coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other
things, to furnish appropriate endorsements and transfer documents, and the Company may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Company need not exchange or register the transfer of any Note or
portion of a Note selected for redemption, except for the unredeemed portion of any Note being redeemed in part. Also, it need not exchange or register the transfer of any Notes for a period of 15 days before a selection of Notes to be redeemed or
during the period between a record date and the corresponding Fixed Rate Interest Payment Date. 
 8.    PERSONS
DEEMED OWNERS. The registered Holder of a Note will be treated as its owner for all purposes. 

9.    AMENDMENT, SUPPLEMENT AND WAIVER. The Indenture or the Notes may be amended or supplemented as provided in
Article 9 of the Base Indenture. 
 10.    DEFAULTS AND REMEDIES. The terms of Article 6 of the Base Indenture
shall be applicable to the Notes. 
 11.    TRUSTEE DEALINGS WITH COMPANY. The Trustee, in its individual or any
other capacity, may make loans to, accept deposits from, and perform services for the Company or its Affiliates, and may otherwise deal with the Company or its Affiliates, as if it were not the Trustee. 

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

13.    AUTHENTICATION. This Note shall not be valid until authenticated by the manual signature of the Trustee or
an authenticating agent. 
 14.    ABBREVIATIONS. Customary abbreviations may be used in the name of a Holder or
an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

  
 B-6 

 15.    CUSIP NUMBERS. Pursuant to a recommendation promulgated
by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP numbers to be printed on the Notes and the Trustee may use CUSIP numbers in notices of redemption as a convenience to Holders. No representation is made as
to the accuracy of such numbers, either as printed on the Notes or as contained in any notice of redemption, and reliance may be placed only on the other identification numbers placed thereon. 

16.    NOTICES. The Company will furnish to any Holder upon written request and without charge a copy of the
Indenture. Requests may be made to: 
 General Motors Financial Company, Inc. 

801 Cherry Street, Suite 3500 

Fort Worth, Texas 76102 

Attention: Chief Financial Officer 

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

  
 B-7 

 Assignment Form 

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

 
  

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

 
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 
 and irrevocably
appoint:                                       
          
 to transfer this Note on the books of the Registrar. The agent may substitute another to act
for him. 
 Date:                      

 

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

  
 B-8 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE 

The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part
of another Global Note or Definitive Note for an interest in this Global Note, have been made: 
  

																	
	 Date of Exchange
	  	Amount of Decrease
in Principal
Amount of this
Global Note	 	  	Amount of
Increase in
Principal Amount
of this Global Note	 	  	Principal Amount
of this Global Note
Following Such
Decrease (or
Increase)	 	  	Signature of
Authorized Officer
of Trustee or Note
Custodian	 
		  				  				  				  			
		  				  				  				  			
		  				  				  				  			

  
 B-9 

 Exhibit C 

THIS DEBT SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A
NOMINEE THEREOF. THIS DEBT SECURITY MAY NOT BE TRANSFERRED TO, OR REGISTERED OR EXCHANGED FOR SECURITIES REGISTERED IN THE NAME OF, ANY PERSON OTHER THAN THE DEPOSITARY OR A NOMINEE THEREOF, AND NO SUCH TRANSFER MAY BE REGISTERED, EXCEPT IN THE
LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY DEBT SECURITY AUTHENTICATED AND DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR OR IN LIEU OF, THIS DEBT SECURITY SHALL BE A GLOBAL SECURITY SUBJECT TO THE FOREGOING, EXCEPT IN
SUCH LIMITED CIRCUMSTANCES. 
 UNLESS THIS GLOBAL SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION (“DTC”), TO GENERAL MOTORS FINANCIAL COMPANY, INC. OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.7 
 BY ITS ACQUISITION AND/OR HOLDING OF THIS DEBT SECURITY OR ANY INTEREST IN THIS
NOTE, THE HOLDER THEREOF WILL BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT (A) EITHER (1) THE HOLDER IS NOT ACQUIRING OR HOLDING THE SECURITY FOR OR ON BEHALF OF, AND NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD THIS
SECURITY, OR ANY INTEREST THEREIN, CONSTITUTES THE ASSETS OF AN EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO TITLE I OF THE U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), A PLAN, INDIVIDUAL RETIREMENT ACCOUNT OR
OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975 OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) OR PROVISIONS UNDER ANY OTHER FEDERAL, STATE, LOCAL, NON-U.S. OR OTHER LAWS OR
REGULATIONS THAT ARE SIMILAR TO SUCH PROVISIONS OF ERISA OR THE CODE (COLLECTIVELY, “SIMILAR LAWS”), OR OF AN ENTITY WHOSE UNDERLYING ASSETS ARE CONSIDERED TO INCLUDE “PLAN ASSETS” OF ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT, OR
(2) THE ACQUISITION, HOLDING, AND SUBSEQUENT DISPOSITION OF THIS SECURITY WILL NOT CONSTITUTE A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A SIMILAR
VIOLATION UNDER ANY APPLICABLE SIMILAR LAWS AND (B) NONE OF THE ISSUER, ANY UNDERWRITER OR THE ANY OF THEIR RESPECTIVE AFFILIATES IS ACTING, OR WILL ACT, AS A FIDUCIARY TO ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT WITH RESPECT TO THE DECISION TO
PURCHASE OR HOLD THIS SECURITY OR IS UNDERTAKING TO PROVIDE IMPARTIAL INVESTMENT ADVICE OR GIVE ADVICE IN A FIDUCIARY CAPACITY WITH RESPECT TO THE DECISION TO PURCHASE OR HOLD THIS SECURITY. 

 
  

	7	 Insert in Global Notes only. 

  
 C-1 

			
	CUSIP No.:	 	37045X DP8
	ISIN No.:	 	US37045XDP87

 2.400% Senior Notes due 2028 
  

			
	No. R-[            ]	  	$[            ]

 GENERAL MOTORS FINANCIAL COMPANY, INC. promises to pay to [CEDE & CO.]8 or registered assigns, the principal sum of $[        ][(subject to the decreases and
increases in principal amount set forth on the Schedule of Exchanges of Interests in the Global Note attached hereto)]9 on October 15, 2028. 
 Interest Payment Dates: April 15 and October 15,
commencing April 15, 2022. 
 Record Dates: 15 calendar days prior to each Fixed Rate Interest Payment Date. 

 
  

	8	 Insert in Global Notes only. 

	9	 Insert in Global Notes only. 

  
 C-2 

 Dated: 
  

			
	GENERAL MOTORS FINANCIAL COMPANY, INC.
		
	By:	 	  

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

  
 C-3 

			
	This is one of the Global
	 Notes referred to in the

within-mentioned Indenture:

	
	Dated:
	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION

as Trustee

		
	By:	 	  

	Name:	 	Patrick Giordano
	Title:	 	Vice President

  
 C-4 

 [Back of Note] 

2.400% Senior Note due 2028 

This Note is one of a duly authorized issue of Securities of General Motors Financial Company, Inc. (the “Company,” which
term includes any successor Person under the Base Indenture hereinafter referred to), issued and issuable in one or more series under an indenture, dated as of October 13, 2015 (as amended or supplemented to the date hereof, the “Base
Indenture”), between the Company and Wells Fargo Bank, National Association, as trustee (the “Trustee,” which term includes any successor trustee under the Base Indenture), to which Base Indenture and all indentures
supplemental thereto reference is hereby made for a statement of the respective rights, limitation of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities issued thereunder and of the terms upon
which said Securities are, and are to be, authenticated and delivered. This Note is one of the series designated on the face hereof as 2.400% Senior Notes due 2028 (the “Notes”), which was issued under the Forty-Fourth Supplemental
Indenture, dated as of October 15, 2021, to the Base Indenture (the “Supplemental Indenture” and, together with the Base Indenture, the “Indenture”) and which is initially limited to $1,000,000,000 in principal
amount. Capitalized terms used herein for which no definition is provided herein shall have the meanings set forth in the Indenture. 

1.    INTEREST. The Notes will bear interest at 2.400% per annum. The Company will pay interest
semi-annually in arrears on April 15 and October 15 of each year, commencing on April 15, 2022, and at maturity. If any Fixed Rate Interest Payment Date, stated maturity date or earlier redemption date for the Notes is not a Business
Day, the Company will make the required payment of principal, premium, if any, and interest, if any, on the next succeeding Business Day, and no interest will accrue on the amount so payable for the intervening period. Interest on the Notes will
accrue from and including the most recent date to which interest has been paid or, if no interest has been paid, from October 15, 2021; provided that if there is no existing Default in the payment of interest, and if this Note is
authenticated between a record date referred to on the face hereof and the next succeeding Fixed Rate Interest Payment Date, interest shall accrue from such next succeeding Fixed Rate Interest Payment Date; provided, further, that the
first Fixed Rate Interest Payment Date shall be April 15, 2022. The Company shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand
at a rate that is 1% per annum in excess of the rate then in effect; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest from time to time on demand at the same rate
to the extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 

2.    METHOD OF PAYMENT. The Company will pay interest on the Notes (except defaulted interest) to the Persons who
are registered Holders of Notes at the close of business on the record date on the next preceding Fixed Rate Interest Payment Date, even if such Notes are cancelled after such record date and on or before such Fixed Rate Interest Payment Date,
except as provided in Section 2.08 of the Indenture with respect to defaulted interest. The Notes will be payable as to principal, premium, if any, and interest, if any, at the office or agency of the Trustee maintained for such purpose within
the City and State of New York. The Company will make payments of principal, premium, if any, and interest, if any, in respect of the Notes in book-entry form to the Depositary in immediately available funds, while disbursement of such payments to
owners of beneficial interests in Notes in book-entry form will be made in accordance with the procedures of the Depositary and its participants in effect from time to time. 

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

  
 C-5 

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

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

 6.    MANDATORY REDEMPTION. The Company shall not be required to make mandatory redemption payments with
respect to the Notes. 
 7.    DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in registered form without
coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other
things, to furnish appropriate endorsements and transfer documents, and the Company may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Company need not exchange or register the transfer of any Note or
portion of a Note selected for redemption, except for the unredeemed portion of any Note being redeemed in part. Also, it need not exchange or register the transfer of any Notes for a period of 15 days before a selection of Notes to be redeemed or
during the period between a record date and the corresponding Fixed Rate Interest Payment Date. 
 8.    PERSONS
DEEMED OWNERS. The registered Holder of a Note will be treated as its owner for all purposes. 

9.    AMENDMENT, SUPPLEMENT AND WAIVER. The Indenture or the Notes may be amended or supplemented as provided in
Article 9 of the Base Indenture. 
 10.    DEFAULTS AND REMEDIES. The terms of Article 6 of the Base Indenture
shall be applicable to the Notes. 
 11.    TRUSTEE DEALINGS WITH COMPANY. The Trustee, in its individual or any
other capacity, may make loans to, accept deposits from, and perform services for the Company or its Affiliates, and may otherwise deal with the Company or its Affiliates, as if it were not the Trustee. 

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

13.    AUTHENTICATION. This Note shall not be valid until authenticated by the manual signature of the Trustee or
an authenticating agent. 
 14.    ABBREVIATIONS. Customary abbreviations may be used in the name of a Holder or
an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

  
 C-6 

 15.    CUSIP NUMBERS. Pursuant to a recommendation promulgated
by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP numbers to be printed on the Notes and the Trustee may use CUSIP numbers in notices of redemption as a convenience to Holders. No representation is made as
to the accuracy of such numbers, either as printed on the Notes or as contained in any notice of redemption, and reliance may be placed only on the other identification numbers placed thereon. 

16.    NOTICES. The Company will furnish to any Holder upon written request and without charge a copy of the
Indenture. Requests may be made to: 
 General Motors Financial Company, Inc. 

801 Cherry Street, Suite 3500 

Fort Worth, Texas 76102 

Attention: Chief Financial Officer 

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

  
 C-7 

 Assignment Form 

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

 
  

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

 
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 
 and irrevocably
appoint:                                       
               
 to transfer this Note on the books of the Registrar. The agent may
substitute another to act for him. 
 Date:
                     
  

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

  
 C-8 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE 

The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part
of another Global Note or Definitive Note for an interest in this Global Note, have been made: 
  

																	
	 Date of Exchange
	  	Amount of Decrease
in Principal
Amount of this
Global Note	 	  	Amount of
Increase in
Principal Amount
of this Global Note	 	  	Principal Amount
of this Global Note
Following Such
Decrease (or
Increase)	 	  	Signature of
Authorized Officer
of Trustee or Note
Custodian	 
		  				  				  				  			
		  				  				  				  			
		  				  				  				  			

  
 C-9

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