Exhibit 4.4
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AMERICAN INTERNATIONAL GROUP, INC.
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THIRD SUPPLEMENTAL
INDENTURE
Dated as of April 20, 2006
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(Supplemental to Indenture Dated as of July 15, 1989)
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THE BANK OF NEW YORK,
as Trustee
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THIRD SUPPLEMENTAL INDENTURE, dated as of April 20, 2006, among American
International Group, Inc., a corporation duly organized and existing under the
laws of the State of Delaware (herein called the "Company"), and The Bank of New
York, a New York banking corporation, as Trustee (herein called "Trustee");
RECITALS:
WHEREAS, the Company has heretofore executed and delivered to The Bank of
New York, as trustee, an Indenture, dated as of July 15, 1989 (the "Basic
Indenture"), and the First Supplemental Indenture, dated May 15, 2003 (the
"First Supplemental Indenture") and the Second Supplemental Indenture, dated
September 30, 2005 (the "Second Supplemental Indenture" and together with the
Basic Indenture and the First Supplemental Indenture, the "Existing Indenture")
(the Existing Indenture, as the same may be amended or supplemented from time to
time, including by this Third Supplemental Indenture, the "Indenture"),
providing for the issuance from time to time of the Company's unsecured
debentures, notes or other evidences of indebtedness (herein and therein called
the "Securities"), to be issued in one or more series as provided in the
Indenture;
WHEREAS, Section 901 of the Existing Indenture permits the Company and the
Trustee to enter into an indenture supplemental to the Existing Indenture to
provide for the issuance of, and establish the form and terms of, additional
series of Securities;
WHEREAS, Sections 201, 301 and 901 of the Existing Indenture permit the
form of notes of each additional series of notes to be established pursuant to
an indenture supplemental to the Existing Indenture;
WHEREAS, Section 301 of the Existing Indenture permits certain terms of any
additional series of notes to be established pursuant to an indenture
supplemental to the Existing Indenture;
WHEREAS, pursuant to resolutions of the Board of Directors of the Company
adopted at a meeting duly called on March 15, 2006, the Company has authorized
the issuance of $1,000,000,000 in aggregate principal amount of its 6.25% Notes
Due 2036 (the "30-Year Notes," and, collectively with any Exchange Notes issued
in exchange for the 30-Year Notes, the "Notes");
WHEREAS, the Company has duly authorized the execution and delivery of this
Third Supplemental Indenture to establish the form and terms of the Notes; and
WHEREAS, all things necessary to make this Third Supplemental Indenture a
valid agreement according to its terms have been done;
NOW, THEREFORE, THIS THIRD SUPPLEMENTAL INDENTURE WITNESSETH:
For and in consideration of the premises and the purchase of the Notes by
the Holders thereof, it is mutually covenanted and agreed, for the equal and
proportionate benefit of all Holders of the Notes, as follows:
ARTICLE ONE
DEFINITIONS AND OTHER PROVISIONS
OF GENERAL APPLICATION
SECTION 1.1 RELATION TO EXISTING INDENTURE
This Third Supplemental Indenture constitutes a part of the Existing
Indenture (the provisions of which, as modified by this Third Supplemental
Indenture, shall apply to the Notes) in respect of the Notes but shall not
modify, amend or otherwise affect the Existing Indenture insofar as it relates
to any other series of Securities or affects in any manner the terms and
conditions of the Securities of any other series.
SECTION 1.2 DEFINITIONS
For all purposes of this Third Supplemental Indenture, the capitalized
terms used herein (i) which are defined in this Section 1.2 have the respective
meanings assigned hereto in this Section 1.2, and (ii) which are defined in the
Existing Indenture (and which are not defined in this Section 1.2) have the
respective meanings assigned thereto in the Existing Indenture. For all purposes
of this Third Supplemental Indenture:
1.2.1 All references herein to Articles and Sections, unless otherwise
specified, refer to the corresponding Articles and Sections of this Third
Supplemental Indenture;
1.2.2 The terms "herein", "hereof", and "hereunder" and words of similar
import refer to this Third Supplemental Indenture; and
1.2.3 The following terms, as used herein, have the following meanings:
"Adjusted Treasury Rate" has the meaning specified in the form of Note
contained in Section 2.3.
"Agent Member" means any member of, or participant in, the Depositary.
"Applicable Procedures" means, with respect to any transfer or transaction
involving a Global Note or beneficial interest therein, the rules and procedures
of the Depositary for such Note, Euroclear and Clearstream, in each case to the
extent applicable to such transaction and as in effect at the time of such
transfer or transaction.
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"Clearstream" means Clearstream Banking, societe anonyme, Luxembourg (or
any successor securities clearing agency).
"Closing Date" means April 20, 2006.
"Comparable Treasury Issue" has the meaning specified in the form of Note
contained in Section 2.3.
"Comparable Treasury Price" has the meaning specified in the form of Note
contained in Section 2.3.
"Depositary" means, with respect to the Notes issuable or issued in whole
or in part in the form of one or more Global Notes, DTC, for so long as it shall
be a clearing agency registered under the Exchange Act, or such successor (which
shall be a clearing agency registered under the Exchange Act) as the Company
shall designate from time to time in an Officers' Certificate delivered to the
Trustee.
"DTC" means The Depository Trust Company.
"Euroclear" means the Euroclear Bank S.A./N.V. (or any successor securities
clearing agency), as operator of the Euroclear system.
"Exchange Notes" means the notes issued pursuant to the Exchange Offer and
their Successor Notes. The Exchange Notes shall be deemed to constitute the same
series as the Original Notes for which they are exchanged.
"Exchange Offer" has the meaning specified in the form of Note contained in
Section 2.2.
"Exchange Offer Registration Statement" has the meaning specified the form
of Note contained in Section 2.2.
"Global Note" means any Note bearing the legend specified in Section 2.2
evidencing all or part of the Notes, issued to the Depositary, and registered in
the name of the Depositary or its nominee. The Restricted Global Note and the
Regulation S Global Note shall each be a Global Note.
"Initial Purchasers" means X.X. Xxxxxx Securities Inc., Banc of America
Securities LLC and Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated.
"Notes" has the meaning stated in the fifth recital of this Third
Supplemental Indenture.
"Original Notes" means all Notes other than Exchange Notes.
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"Primary Treasury Dealer" has the meaning specified in the form of Note
contained in Section 2.3.
"Purchase Agreement" means the Purchase Agreement, dated April 12, 2006,
between the Company and the Initial Purchasers.
"Quotation Agent" has the meaning specified in the form of Note contained
in Section 2.3.
"Reference Treasury Dealer" has the meaning specified in the form of Note
contained in Section 2.3.
"Reference Treasury Dealer Quotations" has the meaning specified in the
form of Note contained in Section 2.3.
"Registration Default" has the meaning specified in the form of Note
contained in Section 2.2.
"Registration Default Period" has the meaning specified in the form of Note
contained in Section 2.2.
"Registration Rights Agreement" has the meaning specified in Section 2.2.
"Regulation S" means Regulation S under the Securities Act (or any
successor provision), as it may be amended from time to time.
"Regulation S Certificate" means a certificate substantially in the form
set forth in Annex B.
"Regulation S Global Note" has the meaning specified in Section 2.1.
"Regulation S Legend" means a legend substantially in the form of the
legend required in the form of Note set forth in Section 2.2 to be placed upon
each Regulation S Note.
"Regulation S Notes" means all Notes required pursuant to Section 2.6(b) to
bear a Regulation S Legend. Such term includes the Regulation S Global Note.
"Restricted Global Note" has the meaning specified in Section 2.1.
"Restricted Note" means all Notes required pursuant to Section 2.6(b) to
bear any Restricted Notes Legend. Such term includes the Restricted Global Note.
"Restricted Notes Certificate" means a certificate substantially in the
form set forth in Annex A.
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"Restricted Notes Legend" means a legend substantially in form of the
legend required in the form of Note set forth in Section 2.2 to be placed upon
each Restricted Note.
"Restricted Period" means the period of 41 consecutive days beginning on
the later of (i) the day on which Notes are first offered to persons other than
distributors (as defined in Regulation S) in reliance on Regulation S and (ii)
the Closing Date, except that any offer or sale by a distributor (as defined in
Regulation S) of an unsold allotment shall be deemed to be made during the
restricted period.
"Rule 144A" means Rule 144A under the Securities Act (including any
successor rule thereto), as the same may be amended from time to time.
"Rule 144A Notes" means all Notes initially distributed in connection with
the offering of the Notes by the Initial Purchasers in reliance upon Rule 144A.
"Securities" has the meaning specified in the first recital of this Third
Supplemental Indenture.
"Securities Act" means the Securities Act of 1933, as amended.
"Securities Act Legend" means the Restricted Notes Legend and/or the
Regulation S Legend.
"Shelf Registration Statement" has the meaning specified in the form of
Note contained in Section 2.2.
"Special Interest" has the meaning specified in the form of Note contained
in Section 2.2.
"Successor Note" of any particular Note means every Note issued after, and
evidencing all or a portion of the same debt as that evidenced by, such
particular Note; and, for the purposes of this definition, any Exchange Note
issued in exchange for an Original Note shall be deemed a Successor Note of such
Original Note and any Note authenticated and delivered under Section 306 of the
Existing Indenture in exchange for or in lieu of a mutilated, destroyed, lost or
stolen Note shall be deemed to evidence the same debt as the mutilated,
destroyed, lost or stolen Note.
"Unrestricted Notes Certificate" means a certificate substantially in the
form set forth in Annex C.
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ARTICLE TWO
GENERAL TERMS AND CONDITIONS OF THE NOTES
SECTION 2.1 FORMS OF NOTES GENERALLY
The Notes shall be in substantially the forms set forth in this Article
with such appropriate insertions, omissions, substitutions and other variations
as are required or permitted by the Existing Indenture and this Third
Supplemental Indenture, and may have such letters, numbers or other marks of
identification and such legends or endorsements placed thereon as may be
required to comply with the rules of any securities exchange, or as may,
consistent with the Existing Indenture and this Third Supplemental Indenture, be
determined by the officers executing such Notes, as evidenced by their execution
of such Notes.
The Trustee's certificate of authentication shall be in substantially the
form set forth in Section 2.4.
Upon their original issuance, the Rule 144A Notes and the Regulation S
Notes shall be issued in the form of separate Global Notes registered in the
name of the Depositary or its nominee and deposited with the Trustee, as
custodian for the Depositary, for credit by the Depositary to the respective
accounts of beneficial owners of the Notes represented thereby (or such other
accounts as they may direct). Each such Global Note will constitute a single
Security for all purposes of the Indenture. The Global Notes representing Rule
144A Notes, together with their Successor Notes which are Global Notes other
than Regulation S Global Notes, are collectively herein called the "Restricted
Global Note." The Global Notes representing Regulation S Notes, together with
their Successor Notes which are Global Notes other than Restricted Global Notes,
are collectively herein called the "Regulation S Global Note."
The Notes will be issued only in registered form. The Notes will be issued
in minimum denominations of $100,000 and multiples of $1,000 in excess thereof.
SECTION 2.2 FORM OF FACE OF THE NOTES
[INCLUDE IF NOTE IS A RESTRICTED NOTE - THIS SECURITY (OR ITS PREDECESSOR)
WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND MAY NOT BE
OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH
REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM AND IN ANY EVENT MAY BE SOLD
OR OTHERWISE TRANSFERRED ONLY IN ACCORDANCE WITH THE INDENTURE, COPIES OF WHICH
ARE AVAILABLE FOR INSPECTION AT THE CORPORATE TRUST OFFICE OF THE TRUSTEE IN NEW
YORK.
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EACH PURCHASER OF THIS SECURITY IS HEREBY NOTIFIED THAT THE SELLER MAY BE
RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT
PROVIDED BY RULE 144A THEREUNDER. EACH HOLDER OF THIS NOTE REPRESENTS TO
AMERICAN INTERNATIONAL GROUP, INC. THAT (a) SUCH HOLDER WILL NOT SELL, PLEDGE OR
OTHERWISE TRANSFER THIS NOTE (WITHOUT THE CONSENT OF AMERICAN INTERNATIONAL
GROUP, INC.) OTHER THAN (i) TO A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION
COMPLYING WITH RULE 144A UNDER THE SECURITIES ACT, (ii) IN ACCORDANCE WITH RULE
144 UNDER THE SECURITIES ACT, (iii) OUTSIDE THE UNITED STATES IN A TRANSACTION
MEETING THE REQUIREMENTS OF REGULATION S UNDER THE SECURITIES ACT, (iv) PURSUANT
TO ANOTHER AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT,
SUBJECT, IN THE CASE OF CLAUSE (ii) OR (iv), TO THE RECEIPT BY AMERICAN
INTERNATIONAL GROUP, INC. OF AN OPINION OF COUNSEL OR SUCH OTHER EVIDENCE
ACCEPTABLE TO AMERICAN INTERNATIONAL GROUP, INC. THAT SUCH RESALE, PLEDGE OR
TRANSFER IS EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OR
(v) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT AND THAT (b) THE HOLDER
WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THIS
NOTE OF THE RESALE RESTRICTIONS REFERRED TO HEREIN AND DELIVER TO THE TRANSFEREE
(OTHER THAN A QUALIFIED INSTITUTIONAL BUYER) PRIOR TO THE SALE, A COPY OF THE
TRANSFER RESTRICTIONS APPLICABLE HERETO (COPIES OF WHICH MAY BE OBTAINED FROM
THE INDENTURE TRUSTEE).]
[INCLUDE IF NOTE IS A REGULATION S NOTE - THIS SECURITY HAS NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"),
OR ANY STATE SECURITIES LAWS. NEITHER THIS SECURITY NOR ANY INTEREST OR
PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED,
ENCUMBERED OR OTHERWISE DISPOSED OF IN THE UNITED STATES OR TO, OR FOR THE
ACCOUNT OR BENEFIT OF, ANY U.S. PERSON IN THE ABSENCE OF SUCH REGISTRATION OR
UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION UNDER
SUCH LAWS.]
[INCLUDE IF NOTE IS A GLOBAL NOTE - THIS 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 OF A DEPOSITARY. THIS SECURITY IS
EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE
DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE
INDENTURE AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A
NOMINEE
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OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER
NOMINEE OF THE DEPOSITARY.]
[INCLUDE IF NOTE IS A GLOBAL NOTE AND THE DEPOSITORY TRUST COMPANY IS THE
DEPOSITARY - UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY ("DTC"), A NEW YORK CORPORATION,
TO AMERICAN INTERNATIONAL GROUP, INC. OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
OF CEDE & CO. (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH
AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]
AMERICAN INTERNATIONAL GROUP, INC.
6.25% NOTE DUE 2036
No. ________
CUSIP No.: _______________ $________
AMERICAN INTERNATIONAL GROUP, INC., a corporation duly organized and
existing under the laws of Delaware (herein called the "Company," which term
includes any successor Person under the Indenture hereinafter referred to), for
value received, hereby promises to pay to Cede & Co., or its registered assigns,
the principal sum of [ ] dollars on May 1, 2036, and to pay interest thereon
from April 20, 2006, or from the most recent Interest Payment Date (as defined
below) to which interest has been paid or duly provided for, semiannually in
arrears on May 1 and November 1 in each year (each such date, an "Interest
Payment Date"), commencing on November 1, 2006 at the rate of 6.25% per annum,
until the principal hereof is paid or made available for payment. The interest
so payable, and punctually paid or duly provided for, on any Interest Payment
Date will, as provided in such Indenture, be paid to the Person in whose name
this Note (or one or more Predecessor Notes) is registered at the close of
business on the Regular Record Date for such interest, which shall be the
October 15 or April 15 (whether or not a Business Day), as the case may be, next
preceding such Interest Payment Date. Any such interest not so punctually paid
or duly provided for will forthwith cease to be payable to the Holder on such
Regular Record Date and may either be paid to the Person in whose name this Note
(or one or more Predecessor Notes) is registered at the close of business on a
Special Record Date for the payment of such Defaulted Interest to be fixed by
the Trustee, notice whereof which shall be given to
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Holders of Notes of this series not less than 10 days prior to such Special
Record Date, or be paid at any time in any other lawful manner not inconsistent
with the requirements of any securities exchange on which the Notes may be
listed, and upon such notice as may be required by such exchange, all as more
fully provided in said Indenture.
Interest shall be computed on the basis of a 360-day year comprised of
twelve 30-day months.
In the event that an Interest Payment Date is not a Business Day, the
Company shall pay interest on the next day that is a Business Day, with the same
force and effect as if made on the Interest Payment Date, and without any
interest or other payment with respect to the delay. If the Stated Maturity or
earlier Redemption Date falls on a day that is not a Business Day, the payment
of principal, premium, if any, and interest, if any, need not be made on such
date, but may be made on the next succeeding Business Day, with the same force
and effect as if made on the Stated Maturity or earlier Redemption Date,
provided that no interest shall accrue for the period from and after such Stated
Maturity or earlier Redemption Date.
[INCLUDE IF NOTE IS ORIGINAL NOTE - Pursuant to the Exchange and
Registration Rights Agreement, dated as of April 20, 2006 (the "Registration
Rights Agreement"), by and among the Company and the Initial Purchasers (as
defined therein), the Company has agreed for the benefit of the Holders from
time to time of the Notes that it will (i) file under the Securities Act, no
later than 180 days after the date on which the Notes are initially issued (the
"Issue Date"), a registration statement (the "Exchange Offer Registration
Statement") registering debt securities substantially identical to the Notes
(except that such securities will not contain terms with respect to the Special
Interest payments described below or transfer restrictions) pursuant to an
exchange offer (the "Exchange Offer"), (ii) use its commercially reasonable
efforts to cause the Exchange Offer Registration Statement to become effective
under the Securities Act no later than 240 days following the Issue Date and
(iii) use its commercially reasonable efforts to cause the Exchange Offer to
remain open at least 20 business days and to commence and complete the Exchange
Offer no later than 30 days after the Exchange Offer Registration Statement has
become effective; provided, however, that if on or prior to the time the
Exchange Offer is completed, existing Commission (as defined in the Indenture)
interpretations are changed such that this Note is not or would not be, upon
receipt under the Exchange Offer, transferable by the Holder of this Note
without restriction under the Securities Act, the Company has agreed to file
under the Securities Act no later than 270 days after the Issue Date, a "shelf"
registration statement providing for the registration of and the sale on a
continuous or delayed basis by the Holder of this Note (such registration
statement, the "Shelf Registration Statement") and to use its commercially
reasonable efforts to cause the Shelf Registration Statement to become effective
no later than 90 days after the Shelf Registration Statement is filed.
In the event that (i) the Exchange Offer has not been completed within 270
days after the Issue Date, (ii) a Shelf Registration Statement is required to be
filed and is not
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effective within 360 days of the Issue Date, or (iii) the Exchange Offer
Registration Statement or, if applicable, the Shelf Registration Statement is
filed and declared effective but shall thereafter either be withdrawn by the
Company or shall become subject to an effective stop order issued pursuant to
Section 8(d) of the Securities Act suspending the effectiveness of such
registration statement (except as specifically permitted in the Registration
Rights Agreement) without being succeeded by a post-effective amendment or a
prospectus supplement to such registration statement or an additional
registration statement that cures such failure and that is itself declared
effective promptly, in each case (i) through (iii) upon the terms and conditions
set forth in the Registration Rights Agreement (each such event referred to in
clauses (i) through (iii), a "Registration Default" and each period during which
a Registration Default has occurred and is continuing, until the earlier of such
time as no Registration Default is in effect or the first date the Notes become
eligible to be sold pursuant to paragraph (k) of Rule 144 under the Securities
Act of 1933, a "Registration Default Period"), then interest will accrue (in
addition to any stated interest on this Note) at a per annum rate of 0.125% for
the first 90 days of the Registration Default Period and at a per annum rate of
0.25% thereafter for the remaining portion of the Registration Default Period;
provided that the Company shall not be required to pay Special Interest for more
than one Registration Default at any given time and in no event shall Special
Interest accrue at a rate in excess of 0.25% per annum. Interest accruing as a
result of a Registration Default is referred to herein as "Special Interest." In
the case of a Registration Default, the Company's only obligation under the
Registration Rights Agreement is to pay Special Interest. Accrued Special
Interest, if any, shall be paid in cash in arrears on each Interest Payment Date
for the Notes; and the amount of accrued Special Interest shall be determined on
the basis of the number of days actually elapsed.]
Payment of the principal of and interest on this Note will be made at the
office or agency of the Company maintained for that purpose in the Borough of
Manhattan, The City of New York, in such coin or currency of the United States
of America as at the time of payment is legal tender for payment of public and
private debts.
Reference is hereby made to the further provisions of this Note set forth
on the reverse hereof, which further provisions shall for all purposes have the
same effect as if set forth at this place.
Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this Note shall
not be entitled to any benefit under the Indenture or be valid or obligatory for
any purpose.
IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed.
Dated:
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AMERICAN INTERNATIONAL GROUP, INC.
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By
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[SEAL]
Attest:
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SECTION 2.3 FORM OF REVERSE OF THE NOTES
This Note is one of a duly authorized issue of securities of the Company
(herein called the "Notes"), designated as its 6.25% Notes Due 2036, issued and
to be issued in one or more series under an Indenture, dated as of July 15,
1989, as supplemented by the First Supplemental Indenture (the "First
Supplemental Indenture"), dated as of May 15, 2003, by the Second Supplemental
Indenture (the "Second Supplemental Indenture), dated as of September 30, 2005
and by the Third Supplemental Indenture (the "Third Supplemental Indenture"),
dated as of April 20, 2006 (as so supplemented, the "Indenture," which term
shall have the meaning assigned to it in such instrument), from the Company to
The Bank of New York, as Trustee (herein called the "Trustee", which term
includes any successor trustee under the Indenture), to which Indenture and all
indentures supplemental thereto reference is hereby made for a statement of the
respective rights, limitations of rights, duties and immunities thereunder of
the Company, the Trustee and the Holders of the Notes and of the terms upon
which the Notes are, and are to be, authenticated and delivered. This Note is
one of the series designated on the face hereof.
The Notes of this series are subject to redemption at any time, in whole or
in part, at the election of the Company, upon not less than 30 nor more than 60
days' notice given as provided in the Indenture, at a Redemption Price equal to
the greater of (i) 100% of the principal amount, together with accrued interest
to the Redemption Date, and (ii) as determined by the Quotation Agent, the sum
of the present values of the remaining scheduled payments of principal and
interest thereon (not including any portion of such payments of interest accrued
as of the Redemption Date) discounted to the Redemption Date on a semiannual
basis (assuming a 360-day year consisting of twelve 30-day months) at the
Adjusted Treasury Rate plus 20 basis points, plus accrued interest to the
Redemption Date.
The definitions of certain terms used in the paragraph above are listed
below.
"Adjusted Treasury Rate" means, with respect to any Redemption Date, the
rate per annum equal to the semiannual equivalent yield to maturity of the
Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue
(expressed as a percentage of its principal amount) equal to the Comparable
Treasury Price for such Redemption Date.
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"Comparable Treasury Issue" means the U.S. Treasury security selected by
the Quotation Agent as having a maturity comparable to the remaining term of the
Notes of this series 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 such Notes.
"Comparable Treasury Price" means, with respect to any Redemption Date, the
average of the Reference Treasury Dealer Quotations for such Redemption Date.
"Quotation Agent" means AIG Financial Products Corp.
"Reference Treasury Dealer" means (i) X.X. Xxxxxx Securities Inc., Banc of
America Securities LLC or Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated or
its respective successors; provided, however, that if the foregoing shall cease
to be a primary U.S. government securities dealer in New York City (a "Primary
Treasury Dealer"), the Company shall substitute therefor another Person to be a
Primary Treasury Dealer; and (ii) any other Primary Treasury Dealer selected by
the Quotation Agent after consultation with 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. on
the third business day preceding such Redemption Date.
In the event of redemption of this Note in part only, a new Note or Notes
of this series and of like tenor for the unredeemed portion hereof will be
issued in the name of the Holder hereof upon the cancellation hereof.
The Notes do not have the benefit of any sinking fund obligation.
The Indenture contains provisions for defeasance at any time of the entire
indebtedness of this Note or certain restrictive covenants and Events of Default
with respect to this Note, in each case upon compliance with certain conditions
set forth in the Indenture.
As set forth in, and subject to, the provisions of the Indenture, no Holder
of this Note will have any right to institute any proceeding with respect to the
Indenture or for any remedy thereunder, unless such Holder shall have previously
given to the Trustee written notice of a continuing Event of Default, the
Holders of not less than 25% in principal amount of the Outstanding Notes shall
have made written request, and offered reasonable indemnity, to the Trustee to
institute such proceeding as trustee, and the Trustee shall not have received
from the Holders of a majority in principal amount of the Outstanding Notes a
direction inconsistent with such request and shall have failed to institute such
proceeding within 60 days; provided, however, that such limitations do not
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apply to a suit instituted by the Holder hereof for the enforcement of payment
of the principal of (and premium, if any) or any interest of this Note on or
after the respective due date expressed herein.
If an Event of Default with respect to Notes of this series shall occur and
be continuing, the principal of the Notes of this series may be declared due and
payable in the manner and with the effect provided in the Indenture.
The Notes are entitled to the benefits of the covenants of the Company set
forth in Article Ten of the Indenture.
Unless the context otherwise requires, the Original Notes (as defined in
the Indenture) and the Exchange Notes (as defined in the Indenture) shall
constitute one series for all purposes under the Indenture, including without
limitation, amendments, waivers and redemptions.
No reference herein to the Indenture and no provision of this Note or of
the Indenture shall alter or impair the obligation of the Company, which is
absolute and unconditional, to pay the principal of (and premium, if any) and
interest on this Note at the times, place and rate, and in the coin or currency,
herein prescribed.
As provided in the Indenture and subject to certain limitations therein set
forth, the transfer of this Note is registrable in the Security Register, upon
surrender of this Note for registration of transfer at the office or agency of
the Company in any place where the principal of (and premium, if any) and
interest on this Note are payable, duly endorsed by, or accompanied by a written
instrument of transfer in form satisfactory to the Company and the Security
Registrar duly executed by, the Holder hereof or his attorney duly authorized in
writing, and thereupon one or more new Notes of this series and of like tenor,
of authorized denominations and for the same aggregate principal amount, will be
issued to the designated transferee or transferees.
The Notes of this series are issuable only in fully registered form without
coupons in denominations of $100,000 and any multiple of $1,000 in excess
thereof. As provided in the Indenture and subject to certain limitations therein
set forth, the Notes of this series are exchangeable for a like aggregate
principal amount of Notes of this series and of like tenor of a different
authorized denomination, as requested by the Holder surrendering the same.
No service charge shall be made for any such registration of transfer or
exchange, but the Company may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith.
Prior to due presentment of this Note for registration of transfer, the
Company, the Trustee and any agent of the Company or the Trustee may treat the
Person in whose name this Note is registered as the owner hereof for all
purposes, whether or not this Note
-13-
be overdue, and neither the Company, the Trustee nor any such agent shall be
affected by notice to the contrary.
All terms used in this Note which are defined in the Indenture shall have
the meaning assigned to them in the Indenture.
SECTION 2.4 FORM OF TRUSTEE'S CERTIFICATE OF AUTHENTICATION OF THE NOTES
The Trustee's certificates of authentication shall be in substantially the
following form:
This is one of the Notes of the series designated therein referred to in
the within-mentioned Indenture.
THE BANK OF NEW YORK
As Trustee
By:
------------------------------------
Authorized Signatory
SECTION 2.5 TITLE AND TERMS
The Notes shall be issued in one series. The aggregate principal amount of
the Notes that may initially be authenticated and delivered under this Third
Supplemental Indenture is limited to $1,000,000,000, except for Notes
authenticated and delivered upon registration of transfer of, or in exchange
for, or in lieu of, other Notes pursuant to Section 304, 305, 306 or 906 of the
Existing Indenture or Article Two of this Third Supplemental Indenture. The
Company may, without the consent of the Holders of the Notes, issue additional
notes having the same ranking, interest rate, Stated Maturity, CUSIP number,
ISIN and common code and terms as to status, redemption or otherwise as the
Notes, in which event such notes, the Original Notes and the Exchange Notes
issued in exchange for any such Original Notes shall constitute one series for
all purposes under the Indenture, including without limitation, amendments,
waivers and redemptions.
The Stated Maturity of the Notes shall be May 1, 2036, and the Notes shall
bear interest and have such other terms as are described in Sections 2.2 and 2.3
of this Third Supplemental Indenture.
The Company shall have no obligation to redeem or purchase the Notes
pursuant to any sinking fund or analogous provision, or at the option of a
Holder thereof. The Notes shall be redeemable at the election of the Company
from time to time, in whole or in part, at the times and at the prices specified
in the form of Note set forth in Section 2.3 of this Third Supplemental
Indenture.
-14-
The Notes shall be subject to the defeasance and discharge provisions of
Section 1302 of the Existing Indenture and the defeasance of certain obligations
and certain events of default provisions of Section 1303 of the Existing
Indenture.
Unless the context otherwise requires, the Original Notes and the Exchange
Notes issued in exchange for any Original Notes shall constitute one series for
all purposes under the Indenture, including without limitation, amendments,
waivers and redemptions.
All Exchange Notes issued upon any exchange of the Original Notes shall be
the valid obligations of the Company, evidencing the same debt, and entitled to
the same benefits under the Indenture, as the Original Notes surrendered upon
such exchange. Subject to the second paragraph of Section 307 of the Existing
Indenture, each Exchange Note delivered in exchange for an Original Note shall
carry the rights to interest accrued and unpaid, and to accrue, which were
carried by such Original Note.
The Notes shall be issuable only in fully registered form without coupons
and only in denominations of $100,000 and multiples of $1,000 in excess thereof.
The Notes shall be executed, authenticated, delivered and dated in
accordance with Section 303 of the Existing Indenture.
SECTION 2.6 TRANSFER AND EXCHANGES; SECURITIES ACT LEGENDS
(a) Certain Transfers and Exchanges. Transfers and exchanges of Notes and
beneficial interests in a Global Note of the kinds specified in this Section
2.6(a) shall be made only in accordance with this Section 2.6(a).
(i) Non-Global Note to Non-Global Note. A Note that is not a Global
Note may be transferred, in whole or in part, to a Person who takes
delivery in the form of another Note that is not a Global Note as provided
in Section 305 of the Existing Indenture, provided that, if the Note to be
transferred in whole or in part is a Restricted Note, or is a Regulation S
Note and the transfer is to occur during the Restricted Period, then the
Trustee shall have received (i) a Restricted Notes Certificate,
satisfactory to the Company and duly executed by the transferor Holder or
his attorney duly authorized in writing, in which case the transferee
Holder shall take delivery in the form of a Restricted Note or (ii) a
Regulation S Certificate, satisfactory to the Company and duly executed by
the transferor Holder or his attorney duly authorized in writing, in which
case the transferee Holder shall take delivery in the form of a Regulation
S Note.
(ii) Restricted Global Note to Regulation S Global Note. If the owner
of a beneficial interest in the Restricted Global Note wishes at any time
to transfer such interest to a Person who wishes to acquire the same in the
form of a beneficial interest in the Regulation S Global Note, such
transfer may be effected only in accordance with the provisions of this
Section 2.6(a)(ii) and Section 2.6(a)(iv) below and subject to the
Applicable Procedures. Upon receipt
-15-
by the Trustee, as Security Registrar, of (i) an order given by the
Depositary or its authorized representative directing that a beneficial
interest in the Regulation S Global Note in a specified principal amount be
credited to a specified Agent Member's account and that a beneficial
interest in the Restricted Global Note in an equal amount be debited from
another specified Agent Member's account and (ii) a Regulation S
Certificate, satisfactory to the Company and duly executed by the Holder of
such Restricted Global Note or his attorney duly authorized in writing,
then the Trustee, as Security Registrar but subject to Section 2.6(a)(iv)
below, shall reduce the principal amount of such Restricted Global Note and
increase the principal amount of such Regulation S Global Note by such
specified principal amount.
(iii) Regulation S Global Note to Restricted Global Note. If the owner
of a beneficial interest in the Regulation S Global Note wishes at any time
to transfer such interest to a Person who wishes to acquire the same in the
form of a beneficial interest in the Restricted Global Note, such transfer
may be effected only in accordance with this Section 2.6(a)(iii) and
subject to the Applicable Procedures. Upon receipt by the Trustee, as
Security Registrar, of (i) an order given by the Depositary or its
authorized representative directing that a beneficial interest in the
Restricted Global Note in a specified principal amount be credited to a
specified Agent Member's account and that a beneficial interest in the
Regulation S Global Note in an equal principal amount be debited from
another specified Agent Member's account and (ii) if such transfer is to
occur during the Restricted Period, a Restricted Notes Certificate,
satisfactory to the Company and duly executed by the Holder of such
Regulation S Global Note or his attorney duly authorized in writing, then
the Trustee, as Security Registrar, shall reduce the principal amount of
such Regulation S Global Note and increase the principal amount of such
Restricted Global Note by such specified principal amount. If transfers
under this Section 2.6(a)(iii) occur after the Restricted Period, no
Restricted Notes Certificate will be required and the beneficial interest
in the Regulation S Global Note so transferred shall be credited to an
Agent Member's account in a Global Note that does not bear a Securities Act
Legend.
(iv) Regulation S Global Note to be Held Through Euroclear or
Clearstream during Restricted Period. The Company shall use its best
efforts to cause the Depositary to ensure that, until the expiration of the
Restricted Period, beneficial interests in the Regulation S Global Note may
be held only in or through accounts maintained at the Depositary by
Euroclear and Clearstream (or by Agent Members acting for the account
thereof), and no person shall be entitled to effect any transfer or
exchange that would result in any such interest being held otherwise than
in or through such an account; provided that this Section 2.6(a)(iv) shall
not prohibit any transfer or exchange of such an interest in accordance
with Section 2.6(a)(iii) above.
-16-
(b) Securities Act Legends. Rule 144A Notes and their Successor Notes shall
bear the Restricted Notes Legend and Regulation S Notes and their Successor
Notes shall bear the Regulation S Legend, subject to the following:
(i) subject to the following Clauses of this Section 2.6(b), a Note or
any portion thereof which is exchanged, upon transfer or otherwise, for a
Global Note or any portion thereof shall bear the Securities Act Legend
borne by such Global Note while represented thereby;
(ii) subject to the following Clauses of this Section 2.6(b), a new
Note which is not a Global Note and is issued in exchange for another Note
(including a Global Note) or any portion thereof, upon transfer or
otherwise, shall bear the Securities Act Legend borne by such other Note,
provided that, if such new Note is required pursuant to Section 2.6(a) to
be issued in the form of a Restricted Note, it shall bear the Restricted
Notes Legend and, if such new Note is so required to be issued in the form
of a Regulation S Note, it shall bear the Regulation S Legend;
(iii) at any time when a Note has been transferred in a manner, or a
sufficient amount of time has elapsed, so that a Note may be transferred
without registration or limitation under the Securities Act, a new Note
which does not bear a Securities Act Legend may be issued in exchange for
or in lieu of a Note which bears such a legend if the Trustee has received
an Unrestricted Notes Certificate, satisfactory to the Company and duly
executed by the Holder of such legended Note or his attorney duly
authorized in writing, and after such date and receipt of such certificate,
the Trustee shall authenticate and deliver such a new Note in the manner
provided for in the Existing Indenture;
(iv) a new Note which does not bear a Securities Act Legend may be
issued in exchange for or in lieu of a Note (other than a Global Note) or
any portion thereof which bears such a legend if, in the judgment of the
Company, placing such a legend upon such new Note is not necessary to
ensure compliance with the registration requirements of the Securities Act,
and the Trustee, at the direction of the Company, shall authenticate and
deliver such a new Note as provided in this Article Two; and
(v) notwithstanding the foregoing provisions of this Section 2.6(b), a
Successor Note of a Note that does not bear a particular form of Securities
Act Legend shall not bear such form of legend unless the Company has
reasonable cause to believe that such Successor Note is a "restricted
security" within the meaning of Rule 144, in which case the Trustee, at the
direction of the Company, shall authenticate and deliver a new Note bearing
the Restricted Notes Legend in exchange for such Successor Note as provided
in this Article Two.
-17-
ARTICLE THREE
MISCELLANEOUS
SECTION 3.1 RELATIONSHIP TO EXISTING INDENTURE
The Third Supplemental Indenture is a supplemental indenture within the
meaning of the Existing Indenture. The Existing Indenture, as supplemented and
amended by this Third Supplemental Indenture, is in all respects ratified,
confirmed and approved and, with respect to the Notes, the Existing Indenture,
as supplemented and amended by this Third Supplemental Indenture, shall be read,
taken and construed as one and the same instrument.
SECTION 3.2 MODIFICATION OF THE EXISTING INDENTURE
Except as expressly modified by this Third Supplemental Indenture, the
provisions of the Existing Indenture shall govern the terms and conditions of
the Notes.
SECTION 3.3 GOVERNING LAW
This instrument shall be governed by and construed in accordance with the
laws of the State of New York.
SECTION 3.4 COUNTERPARTS
This instrument may be executed in any number of counterparts, each of
which so executed shall be deemed to be an original, but all such counterparts
shall together constitute but one and the same instrument.
SECTION 3.5 TRUSTEE MAKES NO REPRESENTATION
The recitals contained herein are made by the Company and not by the
Trustee, and the Trustee assumes no responsibility for the correctness thereof.
The Trustee makes no representation as to the validity or sufficiency of this
Third Supplemental Indenture.
-18-
IN WITNESS WHEREOF, the parties hereto have caused this Third Supplemental
Indenture to be duly executed all as of the day and year first above written.
AMERICAN INTERNATIONAL GROUP, INC.
By /s/ Xxxxxx X. Gender
-------------------------------------
Name: Xxxxxx X. Gender
Title: Vice President and Treasure
[SEAL]
Attest:
/s/ Xxxxxxxx X. Xxxxxxx
-------------------------------------
THE BANK OF NEW YORK,
as Trustee
By /s/ Xxxxx Xxxxxxxxx-Xxxxxx
-------------------------------------
Name: Xxxxx Xxxxxxxxx-Xxxxxx
Title: Vice President
ANNEX A -- Form of Restricted
Notes Certificate
RESTRICTED NOTES CERTIFICATE
The Bank of New York
000 Xxxxxxx Xxxxxx, Xxxxx 0 Xxxx
Xxx Xxxx, Xxx Xxxx 10286
Attn: Corporate Trust Administration
Re: 6.25% Notes Due 2036 of American International Group, Inc. (the
"Notes")
Reference is made to the Indenture, dated as of July 15, 1989, between
American International Group, Inc. (the "Company") and The Bank of New York, as
Trustee, as supplemented (the "Indenture"). Terms used herein and defined in the
Indenture or in Rule 144A or Rule 144 under the U.S. Securities Act of 1933, as
amended (the "Securities Act"), are used herein as so defined.
This certificate relates to U.S.$_____________ principal amount of Notes,
which are evidenced by the following certificate(s) (the "Specified
Securities"):
CUSIP No(s). ___________________________
ISIN ___________________________________
COMMON CODE ____________________________
CERTIFICATE No(s). _____________________
The person in whose name this certificate is executed below (the
"Undersigned") hereby certifies that (i) it is the sole beneficial owner of the
Specified Securities, (ii) it is acting on behalf of all the beneficial owners
of the Specified Securities and is duly authorized by them to do so or (iii) it
is the Holder of a Global Note and has received a certification to the effect
set forth below. Such beneficial owner or owners are referred to herein
collectively as the "Owner". If the Specified Securities are represented by a
Global Note, they are held through the Depositary or an Agent Member in the name
of the Undersigned, as or on behalf of the Owner. If the Specified Securities
are not represented by a Global Note, they are registered in the name of the
Undersigned, as or on behalf of the Owner.
The Owner has requested that the Specified Securities be transferred to a
person (the "Transferee") who will take delivery in the form of a Restricted
Note. In connection with such transfer, the Owner hereby certifies that, unless
such transfer is being effected pursuant to an effective registration statement
under the Securities Act, it is being effected in accordance with Rule 144A or
Rule 144 under the Securities Act and all
A-1
applicable securities laws of the states of the United States and other
jurisdictions. Accordingly, the Owner hereby further certifies as follows:
(1) Rule 144A Transfers. If the transfer is being effected in
accordance with Rule 144A:
(A) the Specified Securities are being transferred to a person
that the Owner and any person acting on its behalf reasonably believe
is a "qualified institutional buyer" within the meaning of Rule 144A,
acquiring for its own account or for the account of a qualified
institutional buyer; and
(B) the Owner and any person acting on its behalf have taken
reasonable steps to ensure that the Transferee is aware that the Owner
may be relying on Rule 144A in connection with the transfer; and
(2) Rule 144 Transfers. If the transfer is being effected pursuant to
Rule 144:
the transfer is occurring after a holding period of at least one year
(computed in accordance with paragraph (d) of Rule 144) has elapsed
since the Specified Securities were last acquired from the Company or
from an affiliate of the Company, whichever is later, and is being
effected in accordance with the applicable amount, manner of sale and
notice requirements of Rule 144.
This certificate and the statements contained herein are made for your
benefit and the benefit of the Company.
Dated:
---------------------
----------------------------------------
(Print the name of the Undersigned, as
such term is defined in the third
paragraph of this certificate.)
By:
------------------------------------
Name:
----------------------------------
Title:
---------------------------------
(If the Undersigned is a corporation,
partnership or fiduciary, the title of
the person signing on behalf of the
Undersigned must be stated.)
A-2
ANNEX B -- Form of
Regulation S Certificate
REGULATION S CERTIFICATE
The Bank of New York
000 Xxxxxxx Xxxxxx, Xxxxx 0 Xxxx
Xxx Xxxx, Xxx Xxxx 10286
Attn: Corporate Trust Administration
Re: 6.25% Notes Due 2036 of American International Group, Inc. (the
"Notes")
Reference is made to the Indenture, dated as of July 15, 1989, between
American International Group, Inc. (the "Company") and The Bank of New York, as
Trustee, as supplemented (the "Indenture"). Terms used herein and defined in the
Indenture or in Regulation S or Rule 144 under the U.S. Securities Act of 1933,
as amended (the "Securities Act"), are used herein as so defined.
This certificate relates to U.S. $_____________ principal amount of Notes,
which are evidenced by the following certificate(s) (the "Specified
Securities"):
CUSIP No(s). ___________________________
ISIN ___________________________________
COMMON CODE ____________________________
CERTIFICATE No(s). _____________________
The person in whose name this certificate is executed below (the
"Undersigned") hereby certifies that (i) it is the sole beneficial owner of the
Specified Securities, (ii) it is acting on behalf of all the beneficial owners
of the Specified Securities and is duly authorized by them to do so or (iii) it
is the Holder of a Global Note and has received a certification to the effect
set forth below. Such beneficial owner or owners are referred to herein
collectively as the "Owner". If the Specified Securities are represented by a
Global Note, they are held through the Depositary or an Agent Member in the name
of the Undersigned, as or on behalf of the Owner. If the Specified Securities
are not represented by a Global Note, they are registered in the name of the
Undersigned, as or on behalf of the Owner.
The Owner has requested that the Specified Securities be transferred to a
person (the "Transferee") who will take delivery in the form of a Regulation S
Note. In connection with such transfer, the Owner hereby certifies or has
certified that, unless such transfer is being effected pursuant to an effective
registration statement under the Securities Act, it is being effected in
accordance with Rule 904 of Regulation S or
B-1
Rule 144 under the Securities Act and all applicable securities laws of the
states of the United States and other jurisdictions. Accordingly, the Owner
hereby further certifies or has certified as follows:
(1) Rule 904 Transfers. If the transfer is being effected in
accordance with Rule 904 of Regulation S:
(A) the Owner is not a Distributor of the Notes, an affiliate of
the Company or any such Distributor or a person acting on behalf of
any of the foregoing;
(B) the offer of the Specified Securities was not made to a
person in the United States or for the account or benefit of a U.S.
Person;
(C) either:
(i) at the time the buy order was originated, the Transferee
was outside the United States or the Owner and any person acting
on its behalf reasonably believed that the Transferee was outside
the United States, or
(ii) the transaction is being executed in, on or through the
facilities of the Eurobond market, as regulated by the
International Securities Market Association or another designated
offshore securities market and neither the Owner nor any person
acting on its behalf knows that the transaction has been
prearranged with a buyer in the United States;
(D) no directed selling efforts have been made in the United
States by or on behalf of the Owner or any affiliate thereof;
(E) if the Owner is a dealer in securities or has received a
selling concession, fee or other remuneration in respect of the
Specified Securities, and the transfer is to occur during the
Restricted Period, then the requirements of Rule 904(b)(1) have been
satisfied; and
(F) the transaction is not part of a plan or scheme to evade the
registration requirements of the Securities Act.
(2) Rule 144 Transfers. If the transfer is being effected pursuant to
Rule 144:
the transfer is occurring after a holding period of at least one year
(computed in accordance with paragraph (d) of Rule 144) has elapsed
since the Specified Securities were last acquired from the Company or
from an affiliate of the
B-2
Company, whichever is later, and is being effected in accordance with
the applicable amount, manner of sale and notice requirements of Rule
144.
This certificate and the statements contained herein are made for your
benefit and the benefit of the Company.
Dated:
---------------------
----------------------------------------
(Print the name of the Undersigned, as
such term is defined in the third
paragraph of this certificate.)
By:
------------------------------------
Name:
----------------------------------
Title:
---------------------------------
(If the Undersigned is a corporation,
partnership or fiduciary, the title of
the person signing on behalf of the
Undersigned must be stated.)
X-0
XXXXX X - Xxxx xx
Xxxxxxxxxxxx
Notes Certificate
UNRESTRICTED NOTES CERTIFICATE
The Bank of New York
000 Xxxxxxx Xxxxxx, Xxxxx 0 Xxxx
Xxx Xxxx, Xxx Xxxx 10286
Attn: Corporate Trust Administration
Re: 6.25% Notes Due 2036 of American International Group, Inc. (the
"Notes")
Reference is made to the Indenture, dated as of July 15, 1989, between
American International Group, Inc. (the "Company") and The Bank of New York, as
Trustee, as supplemented (the "Indenture"). Terms used herein and defined in the
Indenture or in Rule 144 under the U.S. Securities Act of 1933, as amended (the
"Securities Act"), are used herein as so defined.
This certificate relates to U.S.$_____________ principal amount of Notes,
which are evidenced by the following certificate(s) (the "Specified
Securities"):
CUSIP No(s). ___________________________
ISIN ___________________________________
COMMON CODE ____________________________
CERTIFICATE No(s). _____________________
The person in whose name this certificate is executed below (the "Undersigned")
hereby certifies that either (i) it is the sole beneficial owner of the
Specified Securities or (ii) it is acting on behalf of all the beneficial owners
of the Specified Securities and is duly authorized by them to do so. Such
beneficial owner or owners are referred to herein collectively as the "Owner".
If the Specified Securities are represented by a Global Security, they are held
through the Depository or an Agent Member in the name of the Undersigned, as or
on behalf of the Owner. If the Specified Securities are not represented by a
Global Security, they are registered in the name of the Undersigned, as or on
behalf of the Owner.
C-1
The Owner has requested that the Specified Securities be exchanged for
Securities bearing no Securities Act Legend pursuant to Section 2.6 of the First
Supplemental Indenture. In connection with such exchange, the Owner hereby
certifies that the exchange is occurring after a holding period of at least two
years (computed in accordance with paragraph (d) of Rule 144) has elapsed since
the Specified Securities were last acquired from the Company or from an
affiliate of the Company, whichever is later, and the Owner is not, and during
the preceding three months has not been, an affiliate of the Company.
This certificate and the statements contained herein are made for your
benefit and the benefit of the Company.
Dated:
---------------------
----------------------------------------
(Print the name of the Undersigned, as
such term is defined in the third
paragraph of this certificate.)
By:
------------------------------------
Name:
----------------------------------
Title:
---------------------------------
(If the Undersigned is a corporation,
partnership or fiduciary, the title of
the person signing on behalf of the
Undersigned)
C-2
