Document:

EX-4.1

 Exhibit 4.1 

EXECUTION VERSION 
  

 
 D.R. HORTON, INC. 

and 
 THE GUARANTORS
FROM TIME TO TIME PARTY HERETO 
 Senior Debt Securities 

Indenture
 Dated
as of October 10, 2019 
 BRANCH BANKING AND TRUST COMPANY, 

as Trustee 
  

 

 EXECUTION VERSION 

CROSS-REFERENCE TABLE 

This Cross-Reference Table is not a part of the Indenture. 
  

			
	 TIA

Section
	  	Indenture
Section
	 310(a)(1)
	  	7.10
	 (a)(2)
	  	7.10
	 (a)(3)
	  	N.A.
	 (a)(4)
	  	N.A.
	 (b)
	  	7.08; 7.10;
11.02
		
	 311(a)
	  	7.11
	 (b)
	  	7.11
	 (c)
	  	N.A.
		
	 312(a)
	  	2.05
	 (b)
	  	11.03
	 (c)
	  	11.03
	 313(a)
	  	7.06
	 (b)(1)
	  	N.A.
	 (b)(2)
	  	7.06
	 (c)
	  	11.02
	 (d)
	  	7.06
		
	 314(a)
	  	4.03; 11.02
	 (b)
	  	N.A.
	 (c)(1)
	  	11.04
	 (c)(2)
	  	11.04
	 (c)(3)
	  	N.A.
	 (d)
	  	N.A.
	 (e)
	  	11.05
		
	 315(a)
	  	7.01(b)
	 (b)
	  	7.05; 11.02
	 (c)
	  	7.01(a)
	 (d)
	  	7.01(c)
	 (e)
	  	6.11
		
	 316(a)(last sentence)
	  	11.06
	 (a)(1)(A)
	  	6.05
	 (a)(1)(B)
	  	6.04
	 (a)(2)
	  	N.A.
	 (b)
	  	6.07
		
	 317(a)(1)
	  	6.08
	 (a)(2)
	  	6.09
	 (b)
	  	2.04
	 318(a)
	  	11.01

 N.A. means Not Applicable. 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
		
	 ARTICLE ONE DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	 
		
	 Section 1.01 Definitions
	  	 	1	 
	 Section 1.02 Other Definitions
	  	 	4	 
	 Section 1.03 Incorporation by Reference of Trust Indenture Act
	  	 	4	 
	 Section 1.04 Rules of Construction
	  	 	4	 
		
	 ARTICLE TWO THE SECURITIES
	  	 	4	 
		
	 Section 2.01 Form and Dating
	  	 	5	 
	 Section 2.02 Execution and Authentication
	  	 	6	 
	 Section 2.03 Registrar and Paying Agent
	  	 	6	 
	 Section 2.04 Paying Agent to Hold Money in Trust
	  	 	6	 
	 Section 2.05 Securityholder Lists
	  	 	6	 
	 Section 2.06 Transfer and Exchange
	  	 	6	 
	 Section 2.07 Replacement Securities
	  	 	6	 
	 Section 2.08 Outstanding Securities
	  	 	6	 
	 Section 2.09 Temporary Securities
	  	 	7	 
	 Section 2.10 Cancellation
	  	 	7	 
	 Section 2.11 Defaulted Interest
	  	 	7	 
	 Section 2.12 Treasury Securities
	  	 	7	 
	 Section 2.13 CUSIP/ISIN Numbers
	  	 	7	 
	 Section 2.14 Deposit of Moneys
	  	 	7	 
	 Section 2.15 Book-Entry Provisions for Global Security
	  	 	7	 
		
	 ARTICLE THREE REDEMPTION
	  	 	8	 
		
	 Section 3.01 Notices to Trustee
	  	 	8	 
	 Section 3.02 Selection of Securities to be Redeemed
	  	 	9	 
	 Section 3.03 Notice of Redemption
	  	 	9	 
	 Section 3.04 Effect of Notice of Redemption
	  	 	9	 
	 Section 3.05 Deposit of Redemption Price
	  	 	9	 
	 Section 3.06 Securities Redeemed in Part
	  	 	9	 
		
	 ARTICLE FOUR COVENANTS
	  	 	9	 
		
	 Section 4.01 Payment of Securities
	  	 	9	 
	 Section 4.02 Maintenance of Office or Agency
	  	 	10	 
	 Section 4.03 Compliance Certificate
	  	 	10	 
	 Section 4.04 Payment of Taxes; Maintenance of Corporate Existence; Maintenance of
Properties
	  	 	10	 
	 Section 4.05 Additional Guarantors
	  	 	10	 
	 Section 4.06 Waiver of Stay, Extension or Usury Laws
	  	 	11	 
		
	 ARTICLE FIVE SUCCESSOR CORPORATION
	  	 	11	 
		
	 Section 5.01 When Company May Merge, etc.
	  	 	11	 
		
	 ARTICLE SIX DEFAULTS AND REMEDIES
	  	 	11	 
		
	 Section 6.01 Events of Default
	  	 	11	 
	 Section 6.02 Acceleration
	  	 	12	 
	 Section 6.03 Other Remedies
	  	 	12	 
	 Section 6.04 Waiver of Existing Defaults
	  	 	12	 
	 Section 6.05 Control by Majority
	  	 	13	 
	 Section 6.06 Limitation on Suits
	  	 	13	 
	 Section 6.07 Rights of Holders to Receive Payment
	  	 	13	 
	 Section 6.08 Collection Suit by Trustee
	  	 	13	 
	 Section 6.09 Trustee May File Proofs of Claim
	  	 	13	 
	 Section 6.10 Priorities
	  	 	13	 
	 Section 6.11 Undertaking for Costs
	  	 	13	 
		
	 ARTICLE SEVEN TRUSTEE
	  	 	14	 
		
	 Section 7.01 Duties of Trustee
	  	 	14	 
	 Section 7.02 Rights of Trustee
	  	 	14	 
	 Section 7.03 Individual Rights of Trustee
	  	 	15	 
	 Section 7.04 Trustee’s Disclaimer
	  	 	15	 

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

					
	 	  	Page	 
	 Section 7.05 Notice of Defaults
	  	 	15	 
	 Section 7.06 Reports by Trustee to Holders
	  	 	15	 
	 Section 7.07 Compensation and Indemnity
	  	 	15	 
	 Section 7.08 Replacement of Trustee
	  	 	15	 
	 Section 7.09 Successor Trustee by Merger, etc.
	  	 	16	 
	 Section 7.10 Eligibility; Disqualification
	  	 	16	 
	 Section 7.11 Preferential Collection of Claims Against Company
	  	 	16	 
		
	 ARTICLE EIGHT DISCHARGE OF INDENTURE
	  	 	16	 
		
	 Section 8.01 Defeasance upon Deposit of Moneys or U.S. Government Obligations
	  	 	16	 
	 Section 8.02 Survival of the Company’s Obligations
	  	 	18	 
	 Section 8.03 Application of Trust Money
	  	 	18	 
	 Section 8.04 Repayment to the Company
	  	 	18	 
	 Section 8.05 Reinstatement
	  	 	18	 
		
	 ARTICLE NINE GUARANTEES
	  	 	18	 
		
	 Section 9.01 Unconditional Guarantees
	  	 	18	 
	 Section 9.02 Severability
	  	 	19	 
	 Section 9.03 Release of a Guarantor
	  	 	19	 
	 Section 9.04 Limitation of a Guarantor’s Liability
	  	 	19	 
	 Section 9.05 Contribution
	  	 	19	 
	 Section 9.06 Waiver of Subrogation
	  	 	20	 
	 Section 9.07 Execution of Guarantee
	  	 	20	 
		
	 ARTICLE TEN AMENDMENTS, SUPPLEMENTS AND WAIVERS
	  	 	20	 
		
	 Section 10.01 Without Consent of Holders
	  	 	20	 
	 Section 10.02 With Consent of Holders
	  	 	21	 
	 Section 10.03 Compliance with Trust Indenture Act
	  	 	21	 
	 Section 10.04 Revocation and Effect of Consents
	  	 	21	 
	 Section 10.05 Notation on or Exchange of Securities
	  	 	21	 
	 Section 10.06 Trustee to Sign Amendments, etc.
	  	 	22	 
	 Section 10.07 Notice of Supplemental Indenture
	  	 	22	 
		
	 ARTICLE ELEVEN MISCELLANEOUS
	  	 	22	 
		
	 Section 11.01 Trust Indenture Act Controls
	  	 	22	 
	 Section 11.02 Notices
	  	 	22	 
	 Section 11.03 Communications by Holders with Other Holders
	  	 	23	 
	 Section 11.04 Certificate and Opinion as to Conditions Precedent
	  	 	23	 
	 Section 11.05 Statements Required in Certificate or Opinion
	  	 	23	 
	 Section 11.06 Rules by Trustee and Agents
	  	 	23	 
	 Section 11.07 Legal Holidays
	  	 	23	 
	 Section 11.08 Governing Law
	  	 	23	 
	 Section 11.09 No Adverse Interpretation of Other Agreements
	  	 	23	 
	 Section 11.10 No Recourse Against Others
	  	 	24	 
	 Section 11.11 Successors and Assigns
	  	 	24	 
	 Section 11.12 Duplicate Originals
	  	 	24	 
	 Section 11.13 Severability
	  	 	24	 

 SIGNATURES 
 EXHIBIT A - Form of
Security 

  
 ii 

 INDENTURE dated as of October 10, 2019 (the “Base Indenture”), by and among D.R.
HORTON, INC., a Delaware corporation (the “Company”), each of the Guarantors from time to time party hereto in respect of a particular Series of Securities (each as defined in Section 1.01 below) and BRANCH
BANKING AND TRUST COMPANY, a North Carolina banking corporation, as trustee (the “Trustee”). 
 Each party agrees as
follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Company’s debt securities issued under this Base Indenture: 

ARTICLE ONE 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01 Definitions. 

“Affiliate” means, when used with reference to a specified person, any Person directly or indirectly controlling or controlled
by or under direct or indirect common control with the Person specified. 
 “Agent” means any Registrar, Paying Agent or co-Registrar or agent for service of notices and demands. 
 “Authorizing Resolution”
means a resolution adopted by the Board of Directors or by an Officer or committee of Officers pursuant to Board delegation authorizing a Series of Securities. 

“Bankruptcy Law” means Title 11 of the United States Code, as amended, or any similar federal or state law for the relief of
debtors. 
 “Board of Directors” means the Board of Directors of the Company or any duly authorized committee thereof. 

“Capital Stock” means, with respect to any Person, any and all shares, interests, participations or other equivalents
(however designated) of or in such Person’s capital stock or other equity interests. 
 “Capitalized Lease
Obligations” of any Person means, at the time any determination thereof is to be made, the obligations of such Person to pay rent or other amounts under a lease that is required to be capitalized for financial reporting purposes in
accordance with GAAP, and the amount of such obligations will be the capitalized amount thereof determined in accordance with GAAP. 

“Company” means the party named as such in this Indenture until a successor replaces it pursuant to the Indenture and
thereafter means the successor. 
 “control” means, when used with respect to any Person, the power to direct the
management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to
the foregoing. 
 “Credit Facilities” means, collectively, each of the credit facilities and lines of credit of the Company
or one or more Guarantors in existence on the date of this Base Indenture and one or more future facilities or lines of credit among or between the Company or one or more Guarantors and one or more lenders pursuant to which the Company or any
Guarantor may incur indebtedness for working capital and general corporate purposes (including acquisitions), as any such facility or line of credit may be amended, restated, supplemented or otherwise modified from time to time, and includes any
agreement extending the maturity of, increasing the amount of, or restructuring, all or any portion of the Indebtedness under such facility or line of credit or any successor facilities or lines of credit and includes any facility or line of credit
with one or more lenders refinancing or replacing all or any portion of the Indebtedness under such facility or line of credit or any successor facility or line of credit, provided, in each case, that such credit facility shall provide for
commitments, or there shall be loans or other extensions of credit outstanding thereunder, in each case in excess of $50 million. 

“Currency Agreement” of any Person means any foreign exchange contract, currency swap agreement or other similar agreement or
arrangement designed to protect such Person or any of its Subsidiaries against fluctuations in currency values. 

“Default” means any event, act or condition that is, or after notice or the passage of time or both would be, an Event of
Default. 
 “Definitive Security” means a certificated Security registered in the name of the Securityholder thereof. 

“Depositary” means, with respect to Securities of any Series which the Company shall determine will be issued in whole or in
part as a Global Security, DTC, another clearing agency, or any successor registered as a clearing agency under the Exchange Act, and any other applicable U.S. or foreign statute or regulation, which, in each case, shall be designated by the Company
pursuant to Section 2.01. 
 “Dollars” and “$” mean United States Dollars. 

“DTC” means The Depository Trust Company, New York, New York. 

“Electronic Means” means the following communications methods: e-mail, facsimile
transmission, secure electronic transmission containing applicable authorization codes, passwords and/or authentication keys issued by the Trustee, or another method or system specified by the Trustee as available for use in connection with this
Indenture. 

  
 1 

 “Electronic Notice” means notice through telecopy, telegraph, telex,
facsimile, transmission, internet, e-mail or other electronic means of communication, capable of making a written record. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“GAAP” means generally accepted accounting principles set forth in the accounting standards codification of the Financial
Accounting Standards Board or in such other statements by such or any other entity as may be approved by a significant segment of the accounting profession of the United States, as in effect on the date of this Base Indenture. 

“Global Security” means, with respect to any Series of Securities, a Security executed by the Company and delivered by the
Trustee to the Depositary or pursuant to the Depositary’s instruction, all in accordance with the Indenture, which shall be registered in the name of the Depositary or its nominee. 

“Guarantee” means the guarantee of Securities of any applicable Series by each Guarantor thereof under this Indenture. 

“Guarantors” means with respect to any Series (i) the Company’s Subsidiaries signatory to the supplemental
indenture or specified in the Authorizing Resolution with respect to such Series as the initial Guarantors of such Series, and (ii) each of the Company’s Subsidiaries that becomes a Guarantor of such Series pursuant to the provisions of
this Indenture, in each case until released from its Guarantee pursuant to the provisions of this Indenture. 
 “Holder” or
“Securityholder” means the Person in whose name a Security is registered on the Registrar’s books. 

“Indebtedness” of any Person means, without duplication, (i) any liability of such Person (a) for borrowed money or
under any reimbursement obligation relating to a letter of credit or other similar instruments (other than any standby letter of credit or similar instrument issued for the account of, or any surety, performance, completion or payment bond, earnest
money note or similar purpose undertaking or indemnification agreement issued or entered into by or for the account of, such Person in the ordinary course of business), (b) evidenced by a bond, note, debenture or similar instrument (including a
purchase money obligation) given in connection with the acquisition of any businesses, properties or assets of any kind or with services incurred in connection with expenditures that constitute capital expenditures in accordance with GAAP (other
than any obligation to pay a contingent purchase price as long as such obligation remains contingent), or (c) in respect of Capitalized Lease Obligations, (ii) any Indebtedness of others described in clause (i) above that such
Person has guaranteed to the extent of the guarantee and (iii) all Indebtedness of others described in clause (i) above secured by a Lien on any Property of such Person, whether or not such Indebtedness is assumed by such Person;
provided, that the amount of the Indebtedness of such Person shall be the lesser of (a) the fair market value of such Property; and (b) the amount of such Indebtedness of such other Persons; provided that Indebtedness shall
not include accounts payable, liabilities to trade creditors of such Person or other accrued expenses arising in the ordinary course of business or obligations under Currency Agreements or Interest Protection Agreements. 

“Indenture” means this Base Indenture as amended or supplemented from time to time, including pursuant to any Authorizing
Resolution or supplemental indenture pertaining to any Series, and including, for all purposes of this instrument and any such Authorizing Resolution or supplemental indenture, the provisions of the TIA that are deemed to be a part of and govern
this Base Indenture and any such Authorizing Resolution or supplemental indenture, respectively. 
 “Interest Protection
Agreement” of any Person means any interest rate swap agreement, interest rate collar agreement, option or futures contract or other similar agreement or arrangement designed to protect such Person or any of its Subsidiaries against
fluctuations in interest rates with respect to Indebtedness. 
 “Issue Date” means, with respect to any Series of
Securities, the date on which the Securities of such Series are originally issued under this Indenture. 
 “Lien” means,
with respect to any Property, any mortgage, deed of trust, lien, pledge, charge, hypothecation, security interest or encumbrance of any kind in respect of such Property. For purposes of this definition, a Person shall be deemed to own, subject to a
Lien, any Property which it has acquired or holds subject to the interest of a vendor or lessor under any conditional sale agreement, capital lease or other title retention agreement relating to such Property. 

“Non-Recourse Indebtedness” with respect to any Person means Indebtedness of such
Person for which (i) the sole legal recourse for collection of principal and interest on such Indebtedness is against the specific Property identified in the instruments evidencing or securing such Indebtedness (and any accessions thereto and
proceeds thereof) and such Property was acquired with the proceeds of such Indebtedness or such Indebtedness was incurred within 180 days after the acquisition of such Property and (ii) no other assets of such Person may be realized upon in
collection of principal or interest on such Indebtedness. Indebtedness which is otherwise Non-Recourse Indebtedness will not lose its character as Non-Recourse
Indebtedness because there is recourse to the borrower, any guarantor or any other Person for (a) environmental or tax warranties and indemnities and such other representations, warranties, covenants and indemnities as are customarily required
in such transactions, or (b) indemnities for and liabilities arising from fraud, misrepresentation, misapplication or non-payment of rents, profits, insurance and condemnation proceeds and other sums
actually received by the borrower from secured assets to be paid to the lender, waste and mechanics’ liens. 
 “NYUCC”
means the New York Uniform Commercial Code, as in effect from time to time. 

  
 2 

 “Officer” means the Chairman of the Board, the President, any Vice
President, the Treasurer, the Controller or the Secretary of the Company or a Guarantor, as applicable. 
 “Officers’
Certificate” means a certificate signed by two Officers or by an Officer and an Assistant Treasurer or an Assistant Secretary of the Company. 

“Opinion of Counsel” means a written opinion from legal counsel. The counsel may be an employee of or counsel to the Company
or the Trustee. 
 “Person” means any individual, corporation, partnership, limited liability company, joint venture,
incorporated or unincorporated association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 

“principal” of a debt Security means the principal of the Security plus, when appropriate, the premium, if any, on the
Security. 
 “Property” of any Person means all types of real, personal, tangible, intangible or mixed property owned by
such Person, whether or not included in the most recent consolidated balance sheet of such Person and its Subsidiaries under GAAP. 

“Publicly Traded Debt Securities” means any issue of debt securities of the Company or any of the Guarantors originally
issued in a public offering registered with the SEC or in an offering pursuant to Rule 144A under the Securities Act and of which issue at least $50 million aggregate principal amount is outstanding. 

“SEC” means the Securities and Exchange Commission or any successor agency performing the duties now assigned to it under the
TIA. 
 “Securities” means any Securities that are issued under this Base Indenture. 

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

“Series” means a series of Securities established under this Base Indenture. 

“Significant Subsidiary” means any Subsidiary of the Company which would constitute a “significant subsidiary” as
defined in Rule 1-02 of Regulation S-X under the Securities Act and the Exchange Act. 

“Subsidiary” of any Person means any corporation or other entity of which a majority of the Capital Stock having ordinary
voting power to elect a majority of the board of directors of such entity or other persons performing similar functions is at the time directly or indirectly owned or controlled by such Person. 

“TIA” means the Trust Indenture Act of 1939, as in effect from time to time, except as otherwise provided herein. 

“Trustee” means the party named as such in this Base Indenture and thereafter, for any Series of Securities issued pursuant
to Section 2.01 of this Base Indenture, means the party named as Trustee in the supplemental indenture for such Series, in each case until a successor replaces it and thereafter means the successor serving as Trustee either
under this Base Indenture or a supplemental indenture, as the case may be; provided, however, that if at any time there is more than one such Person, “Trustee” as used with respect to the Securities of any Series shall mean only the
Trustee with respect to Securities of that Series. 
 “Trust Officer” means the Chairman of the Board, the President, any
Vice President or any other officer or assistant officer of the Trustee assigned by the Trustee to administer its corporate trust matters. 

“United States” means the United States of America. 

“U.S. Government Obligations” means securities which are (i) direct obligations of the United States for the payment of
which its full faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States the payment of which is unconditionally guaranteed as a full faith and credit
obligation by the United States, which, in either case are not callable or redeemable at the option of the issuer thereof, and shall also include a depositary receipt issued by a bank or trust company as custodian with respect to any such U.S.
Government Obligations or a specific payment of interest on or principal of any such U.S. Government Obligation held by such custodian for the account of the holder of a depositary receipt; provided that (except as required by law) such
custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligation or the specific payment of interest on or
principal of the U.S. Government Obligation evidenced by such depositary receipt. 

  
 3 

 Section 1.02 Other Definitions. 

 

					
	 Term
	  	Defined
in Section	 
	 Adjusted Net Assets
	  	 	9.05	 
	 Agent Members
	  	 	2.15	 
	 Authorized Officers
	  	 	11.02	 
	 Base Indenture
	  	 	Preamble	 
	 Business Day
	  	 	11.07	 
	 Covenant Defeasance
	  	 	8.01	 
	 Custodian
	  	 	6.01	 
	 Event of Default
	  	 	6.01	 
	 Funding Guarantor
	  	 	9.05	 
	 Guarantee
	  	 	9.01	 
	 Legal Defeasance
	  	 	8.01	 
	 Legal Holiday
	  	 	11.07	 
	 Paying Agent
	  	 	2.03	 
	 Registrar
	  	 	2.03	 
	 Security Register
	  	 	2.03	 
	 Senior Officer
	  	 	4.03	 
	 Successor
	  	 	5.01	 

 Section 1.03 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. The
following TIA terms used in this Indenture have the following meanings: 
 “indenture securities” means the Securities of a
particular Series. 
 “indenture security holder” means a Securityholder. 

“indenture to be qualified” means this Indenture. 

“indenture trustee” or “institutional trustee” means the Trustee. 

“obligor” on the indenture securities means the Company, each of the Guarantors, or any other obligor on the Securities of a Series
or any Guarantees thereof. 
 All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another
statute or defined by SEC rule have the meanings so assigned to them. 
 Section 1.04 Rules of Construction. 

Unless the context otherwise requires: 
  

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

 

	 	(2)	 an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP and all
accounting determinations shall be made in accordance with GAAP; 

  

	 	(3)	 “or” is not exclusive and “including” means “including without limitation”;

  

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

 

	 	(5)	 “herein,” “hereof” and “hereunder,” and other words of similar import, refer to
this Indenture as a whole (including any Authorizing Resolution or supplemental indenture relating to the relevant Series) and not to any particular Article, Section or other subdivision; 

 

	 	(6)	 all exhibits are incorporated by reference herein and expressly made a part of this Indenture; and

  

	 	(7)	 any transaction or event shall be considered “permitted by” or made “in accordance with” or
“in compliance with” this Indenture or any particular provision thereof if such transaction or event is not expressly prohibited by this Indenture or such provision, as the case may be. 

ARTICLE TWO 
 THE
SECURITIES 
 Section 2.01 Form and Dating. 

The aggregate principal amount of Securities that may be issued under this Base Indenture is unlimited. The Securities may be issued from time
to time in one or more Series. Each Series shall be created by an Authorizing Resolution or a supplemental indenture that establishes the terms of the Series, which may include the following: 

 

	 	(1)	 the title of the Series; 

  
 4 

	 	(2)	 the aggregate principal amount (or any limit on the aggregate principal amount) of the Series and, if any
Securities of a Series are to be issued at a discount from their face amount, the method of computing the accretion of such discount; 

  

	 	(3)	 the interest rate or method of calculation of the interest rate; 

 

	 	(4)	 the date from which interest will accrue; 

 

	 	(5)	 the record dates for interest payable on Securities of the Series; 

 

	 	(6)	 the dates when, places where and manner in which principal and interest are payable; 

 

	 	(7)	 the Trustee, Registrar and Paying Agent; 

 

	 	(8)	 the terms of any mandatory (including any sinking fund requirements) or optional redemption by the Company;

  

	 	(9)	 the terms of any redemption at the option of Holders; 

 

	 	(10)	 the permissible denominations in which Securities of such Series are issuable, if different from $2,000 and
multiples of $1,000 in excess thereof; 

  

	 	(11)	 whether Securities of such Series will be issued in registered or bearer form and the terms of any such forms
of Securities; 

  

	 	(12)	 whether the Securities of the Series shall be issued in whole or in part in the form of a Global Security or
Securities, the terms and conditions, if different from those contained in this Base Indenture, upon which such Global Security or Securities may be exchanged in whole or in part for Definitive Securities; the Depositary for such Global Security or
Securities; the form of any legend or legends, if any, to be borne by any such Global Security or Securities in addition to or in lieu of the legends referred to in Section 2.15; 

 

	 	(13)	 the currency or currencies (including any composite currency) in which principal or interest or both may be
paid; 

  

	 	(14)	 if payments of principal or interest may be made in a currency other than that in which Securities of such
Series are denominated, the manner for determining such payments; 

  

	 	(15)	 provisions for electronic issuance of Securities or issuance of Securities of such Series in uncertificated
form; 

  

	 	(16)	 any Events of Default, covenants and/or defined terms in addition to or in lieu of those set forth in this Base
Indenture; 

  

	 	(17)	 whether and upon what terms Securities of such Series may be defeased or discharged if different from the
provisions set forth in this Base Indenture; 

  

	 	(18)	 the form of the Securities of such Series, which, unless the Authorizing Resolution or supplemental indenture
otherwise provides, shall be in the form of Exhibit A; 

  

	 	(19)	 any terms that may be required by or advisable under applicable law; 

 

	 	(20)	 the percentage of the principal amount of the Securities of such Series which is payable if the maturity of the
Securities of such Series is accelerated in the case of Securities issued at a discount from their face amount; 

  

	 	(21)	 whether Securities of such Series will or will not have the benefit of Guarantees and the Company’s
Subsidiaries that will be the initial Guarantors of such Series; 

  

	 	(22)	 whether the Securities of the Series will be convertible into or exchangeable for other Securities, common
shares or other securities of any kind of the Company or another obligor, and, if so, the terms and conditions upon which such Securities will be so convertible or exchangeable, including the initial conversion or exchange price or rate or the
method of calculation, how and when the conversion price or exchange ratio may be adjusted, whether conversion or exchange is mandatory, at the option of the holder or at the Company’s option, the conversion or exchange period, and any other
provision in relation thereto; and 

  

	 	(23)	 any other terms in addition to or different from those contained in this Base Indenture applicable to such
Series. 

 All Securities of one Series need not be issued at the same time and, unless otherwise provided, a Series may
be reopened for issuances of additional Securities of such Series pursuant to an Authorizing Resolution, an Officers’ Certificate or in any indenture supplemental hereto. 

The creation and issuance of a Series and the authentication and delivery thereof are not subject to any conditions precedent other than as
set forth in the Indenture. 
 Section 2.02 Execution and Authentication.  

One Officer shall sign the Securities for the Company by manual or facsimile signature. Each Guarantor shall execute the Guarantee in the
manner set forth in Section 9.07. 
 If an Officer whose signature is on a Security no longer holds that office at
the time the Trustee authenticates the Security, the Security shall nevertheless be valid. 
 A Security shall not be valid until the
Trustee manually signs the certificate of authentication on the Security. The signature shall be conclusive evidence that the Security has been authenticated under this Base Indenture. 

  
 5 

 The Trustee shall authenticate Securities for original issue upon receipt of an
Officers’ Certificate and Opinion of Counsel of the Company. Each Security shall be dated the date of its authentication. 
 Section 2.03
Registrar and Paying Agent.  
 The Company shall maintain an office or agency where Securities may be presented for
registration of transfer or for exchange (“Registrar”), an office or agency where Securities may be presented for payment (“Paying Agent”) and an office or agency where notices and demands to or upon the Company in
respect of the Securities and this Indenture may be served. The Registrar shall keep a register of the Securities and of their transfer and exchange (the “Security Register”). The Company may have one or more co-Registrars and one or more additional paying agents. The term “Paying Agent” includes any additional paying agent. 

The Company shall enter into an appropriate agency agreement with any Agent not a party to this Base Indenture. The agreement shall implement
the provisions of this Indenture that relate to such Agent. The Company shall promptly notify the Trustee in writing of the name and address of any such Agent and the Trustee shall have the right to inspect the Securities Register at all reasonable
times to obtain copies thereof, and the Trustee shall have the right to rely upon such register as to the names and addresses of the Holders and the principal amounts and certificate numbers thereof. If the Company fails to maintain a Registrar or
Paying Agent or fails to give the foregoing notice, the Trustee shall act as such. 
 The Company initially appoints the Trustee as
Registrar and Paying Agent. 
 Section 2.04 Paying Agent to Hold Money in Trust.  

Each Paying Agent shall hold in trust for the benefit of Securityholders and the Trustee all money held by the Paying Agent for the payment of
principal of or interest on the Securities, and shall notify the Trustee of any default by the Company in making any such payment. If the Company or a Subsidiary acts as Paying Agent, it shall segregate the money and hold it as a separate trust
fund. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon doing so the Paying Agent shall have no further liability for the money. 

Section 2.05 Securityholder Lists.  

The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of
Securityholders. If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least five (5) Business Days before each semiannual interest payment date and at such other times as the Trustee may request in writing a list in
such form and as of such date as the Trustee may reasonably require of the names and addresses of Securityholders. 
 Section 2.06 Transfer and
Exchange.  
 Where a Security is presented to the Registrar or a co-Registrar with a
request to register a transfer, the Registrar shall register the transfer as requested if the requirements of Section 8-401(a) of the NYUCC are met and the other provisions of this
Section 2.06 are satisfied. Where Securities are presented to the Registrar or a co-Registrar with a request to exchange them for an equal principal amount of Securities of other
denominations, the Registrar shall make the exchange as requested if the same requirements are met. To permit transfers and exchanges, the Trustee shall authenticate Securities at the Registrar’s request. The Registrar need not transfer or
exchange any Security selected for redemption or repurchase, except the unredeemed or repurchased part thereof if the Security is redeemed or repurchased in part, or transfer or exchange any Securities for a period of 15 days before a selection of
Securities to be redeemed or repurchased. Any exchange or transfer shall be without charge, except that the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto except
in the case of exchanges pursuant to Section 2.09, 3.06, or 10.05 not involving any transfer. 
 Any Holder
of a Global Security shall, by acceptance of such Global Security, agree that transfers of beneficial interests in such Global Security may be effected only through a book entry system maintained by the Holder of such Global Security (or its agent),
and that ownership of a beneficial interest in the Security shall be required to be reflected in a book entry. 
 Section 2.07 Replacement
Securities.  
 If the Holder of a Security claims that the Security has been lost, destroyed, mutilated or wrongfully taken,
the Company shall issue and execute a replacement security, the Guarantors shall execute the related Guarantee and, upon written request of any Officer of the Company, the Trustee shall authenticate such replacement Security, provided, in the
case of a lost, destroyed or wrongfully taken Security, that the requirements of Section 8-405 of the NYUCC are met. If any such lost, destroyed, mutilated or wrongfully taken Security shall have matured
or shall be about to mature, the Company may, instead of issuing a substitute Security therefor, pay such Security without requiring (except in the case of a mutilated Security) the surrender thereof. An indemnity bond must be sufficient in the
judgment of the Company and the Trustee to protect the Company, the Trustee and any Agent from any loss which any of them may suffer if a Security is replaced, including the acquisition of such Security by a bona fide purchaser. The Company and the
Trustee may charge for its expenses in replacing a Security. 
 Section 2.08 Outstanding Securities.  

Securities outstanding at any time are all Securities authenticated by the Trustee except for those cancelled by it and those described in this
Section. A Security does not cease to be outstanding because the Company, any Guarantor or one of their Affiliates holds the Security. 

  
 6 

 If a Security is replaced pursuant to Section 2.07, it ceases to
be outstanding unless the Trustee receives proof satisfactory to it that the replaced Security is held by a “protected purchaser” (as such term is defined in the NYUCC). 

If the Paying Agent holds on a redemption date, purchase date or maturity date money sufficient to pay Securities payable on that date, then
on and after that date such Securities cease to be outstanding and interest on them ceases to accrue. 
 Subject to the foregoing provisions
of this Section, each Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other
Security. 
 Section 2.09 Temporary Securities.  

Until definitive Securities are ready for delivery, the Company may prepare and the Trustee shall authenticate temporary Securities. Temporary
Securities shall be substantially in the form of definitive Securities but may have variations that the Company considers appropriate for temporary Securities. Without unreasonable delay, the Company shall prepare and, upon surrender for
cancellation of the temporary Security, the Company and the Guarantors shall execute and the Trustee shall authenticate definitive Securities in exchange for temporary Securities. Until so exchanged, the temporary Securities shall in all respects be
entitled to the same benefits under this Indenture as definitive Securities authenticated and delivered hereunder. 
 Section 2.10
Cancellation.  
 The Company at any time may deliver Securities to the Trustee for cancellation. The Registrar and Paying
Agent shall forward to the Trustee any Securities surrendered to them for registration of transfer, exchange, redemption, purchase or payment. The Trustee and no one else shall cancel and destroy, or retain in accordance with its standard retention
policy, all Securities surrendered for registration of transfer, exchange, redemption, purchase, payment or cancellation. Unless the Authorizing Resolution or supplemental indenture so provides, the Company may not issue new Securities to replace
Securities that it has previously paid or delivered to the Trustee for cancellation. 
 Section 2.11 Defaulted Interest.
 
 If the Company defaults in a payment of interest on the Securities of any Series, it shall pay the defaulted interest plus
any interest payable on the defaulted interest to the persons who are Securityholders of such Series on a subsequent special record date. The Company shall fix such special record date and a payment date which shall be reasonably satisfactory to the
Trustee. At least 15 days before such special record date, the Company shall mail to each Securityholder of the relevant Series a notice that states the record date, the payment date and the amount of defaulted interest to be paid. On or before the
date such notice is mailed, the Company shall deposit with the Paying Agent money sufficient to pay the amount of defaulted interest to be so paid. The Company may pay defaulted interest in any other lawful manner if, after notice given by the
Company to the Trustee of the proposed payment, such manner of payment shall be deemed practicable by the Trustee. 
 Section 2.12 Treasury
Securities.  
 In determining whether the Holders of the required principal amount of Securities of a Series have concurred
in any direction, waiver, consent or notice, Securities owned by the Company, the Guarantors or any of their respective Affiliates shall be considered as though they are not outstanding, except that for the purposes of determining whether the
Trustee shall be protected in relying on any such direction, waiver or consent, only Securities which the Trustee actually knows are so owned shall be so considered. 

Section 2.13 CUSIP/ISIN Numbers.  

The Company in issuing the Securities of any Series may use a “CUSIP” and/or “ISIN” or other similar number, and if so, the
Trustee shall use the CUSIP and/or ISIN or other similar number in notices of redemption or exchange as a convenience to Holders of such Securities; provided that no representation is hereby deemed to be made by the Trustee as to the
correctness or accuracy of any such CUSIP and/or ISIN or other similar number printed in the notice or on such Securities, and that reliance may be placed only on the other identification numbers printed on such Securities. The Company shall
promptly notify the Trustee of any change in any CUSIP and/or ISIN or other similar number. 
 Section 2.14 Deposit of Moneys. 

 Prior to 11:00 a.m. New York City time on each interest payment date and maturity date with respect to each Series of Securities, the
Company shall have deposited with the Paying Agent in immediately available funds money sufficient to make cash payments due on such interest payment date or maturity date, as the case may be, in a timely manner which permits the Paying Agent to
remit payment to the Holders of such Series on such interest payment date or maturity date, as the case may be. 
 Section 2.15 Book-Entry
Provisions for Global Security.  
 (a) Any Global Security of a Series initially shall (i) be registered in the name of
the Depositary or the nominee of such Depositary, (ii) be delivered to the Trustee as custodian for such Depositary and (iii) bear any required legends. 

Members of, or participants in, the Depositary (“Agent Members”) shall have no rights under this Indenture with respect to
any Global Security held on their behalf by the Depositary, or the Trustee as its custodian, or under Global Securities, and the Depositary may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner
of the Global Securities for all purposes whatsoever. The Company and the Trustee shall have no responsibility or obligation with respect to (a) the accuracy of the records of the Depositary or any Agent Member with respect to any ownership
interest in the Securities, (b) the delivery to any Agent 

  
 7 

 
Member or any other person, other than a Securityholder, as shown on the registration books, of any notice with respect to the Securities, including any notice of redemption, or (c) the
payment to any Agent Member or any other person, other than a Securityholder as shown in the registration books, of any amount with respect to principal of, or interest on, the Securities. Notwithstanding the foregoing, nothing herein shall prevent
the Company, the Trustee or any agent of the Company or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its Agent Members, the operation
of customary practices governing the exercise of the rights of a Holder of any Security. 
 (b) Transfers of any Global Security shall be
limited to transfers in whole, but not in part, to the Depositary, its successors or their respective nominees. Interests of beneficial owners in the Global Security may be transferred or exchanged for Definitive Securities in accordance with the
rules and procedures of the Depositary. In addition, Definitive Securities shall be transferred to all beneficial owners in exchange for their beneficial interests in a Global Security if (i) the Depositary notifies the Company that it is
unwilling or unable to continue as Depositary for a Global Security and a successor depository is not appointed by the Company within 90 days of such notice or (ii) an Event of Default has occurred and is continuing and the Registrar has
received a request from the Depositary to issue Definitive Securities with respect to any Series of Securities. 
 (c) In connection with
any transfer or exchange of a portion of the beneficial interest in any Global Security to beneficial owners pursuant to paragraph (b), the Registrar shall (if one or more Definitive Securities are to be issued) reflect on its books and
records the date and a decrease in the principal amount of the Global Security in an amount equal to the principal amount of the beneficial interest in the Global Security to be transferred, and the Company and the Guarantors shall execute, and the
Trustee shall authenticate and deliver, one or more Definitive Securities of like Series and amount. 
 (d) In connection with the transfer
of an entire Global Security to beneficial owners pursuant to paragraph (b), the Global Security shall be deemed to be surrendered to the Trustee for cancellation, and the Company and the Guarantors shall execute, and the Trustee shall
authenticate and deliver, to each beneficial owner identified by the Depositary in exchange for its beneficial interest in the Global Security, an equal aggregate principal amount of Definitive Securities of the same Series in authorized
denominations. 
 (e) The Holder of any Global Security may grant proxies and otherwise authorize any person, including Agent Members and
persons that may hold interests through Agent Members, to take any action which a Holder is entitled to take under this Indenture or the Securities of such Series. 

(f) Unless otherwise provided in the Authorizing Resolution or supplemental indenture for a particular Series of Securities, each Global
Security of such Series shall bear legends in substantially the following forms: 
 “THIS GLOBAL SECURITY IS HELD BY THE
DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS SECURITY) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE HOLDERS OF BENEFICIAL INTERESTS HEREIN, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE
MAY MAKE ANY SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO THE INDENTURE, (II) THIS GLOBAL SECURITY MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06 OF THE INDENTURE, (III) THIS GLOBAL SECURITY MAY BE DELIVERED TO
THE TRUSTEE FOR CANCELLATION PURSUANT TO THE INDENTURE AND (IV) THIS GLOBAL SECURITY MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY.” 

“UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM, THIS SECURITY MAY NOT BE
TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR TO ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A
NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN
THE NAME OF ANY ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT IS MADE TO SUCH ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF HAS AN INTEREST HEREIN.” 
 ARTICLE THREE

 REDEMPTION 
 Section 3.01
Notices to Trustee.  
 Securities of a Series that are redeemable prior to maturity shall be redeemable in accordance with
their terms and, unless the Authorizing Resolution or supplemental indenture provides otherwise, in accordance with this Article. 
 If the
Company wants to redeem Securities pursuant to Paragraph 4 of the Securities, it shall notify the Trustee in writing of the redemption date and the principal amount of Securities to be redeemed. Any such notice may be cancelled at any time
prior to notice of such redemption being mailed to Holders. Any such cancelled notice shall be void and of no effect. 

  
 8 

 If the Company wants to credit any Securities previously redeemed, retired or acquired
against any redemption pursuant to Paragraph 5 of the Securities, it shall notify the Trustee of the amount of the credit and it shall deliver any Securities not previously delivered to the Trustee for cancellation with such notice. 

The Company shall give each notice provided for in this Section 3.01 at least 30 days before the notice of any such
redemption is to be mailed to Holders (unless a shorter notice shall be satisfactory to the Trustee). 
 Section 3.02 Selection of Securities to
be Redeemed.  
 If fewer than all of the Securities of a Series are to be redeemed, the Trustee shall select
the Securities to be redeemed by a method the Trustee considers fair and appropriate and in a manner that complies with applicable requirements of the Depositary. The Trustee shall make the selection from Securities outstanding not previously called
for redemption and shall promptly notify the Company of the serial numbers or other identifying attributes of the Securities so selected. The Trustee may select for redemption portions of the principal of Securities that have denominations larger
than the minimum denomination for the Series. Securities and portions of them it selects shall be in amounts equal to a permissible denomination for the Series. Provisions of this Indenture that apply to Securities called for redemption also apply
to portions of Securities called for redemption. 
 Section 3.03 Notice of Redemption.  

At least 30 days but not more than 60 days before a redemption date, the Company shall mail a notice of redemption by first-class mail, postage
prepaid, to each Holder of Securities to be redeemed. 
 The notice shall identify the Securities to be redeemed and shall state: 

 

	 	(1)	 the redemption date; 

 

	 	(2)	 the redemption price or the formula pursuant to which such price will be calculated; 

 

	 	(3)	 if any Security is being redeemed in part, the portion of the principal amount of such Security to be redeemed
and that, after the redemption date, upon surrender of such Security, a new Security or Securities in principal amount equal to the unredeemed portion shall be issued upon cancellation of the original Security; 

 

	 	(4)	 the name and address of the Paying Agent; 

 

	 	(5)	 that Securities called for redemption must be surrendered to the Paying Agent to collect the redemption price;

  

	 	(6)	 that interest on Securities called for redemption ceases to accrue on and after the redemption date; and

  

	 	(7)	 that the Securities are being redeemed pursuant to the mandatory redemption or the optional redemption
provisions, as applicable. 

 At the Company’s request, the Trustee shall give the notice of redemption in the
Company’s name and at its expense; provided, however, that the Company shall deliver to the Trustee at least 15 days prior to the date on which notice of redemption is to be mailed or such shorter period as may be satisfactory to
the Trustee, an Officers’ Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in the preceding paragraph. 

Section 3.04 Effect of Notice of Redemption.  

Once notice of redemption is mailed, Securities called for redemption become due and payable on the redemption date and at the redemption price
as set forth in the notice of redemption. Upon surrender to the Paying Agent, such Securities shall be paid at the redemption price, plus accrued and unpaid interest to the redemption date. 

Section 3.05 Deposit of Redemption Price.  

On or before the redemption date, the Company shall deposit with the Paying Agent immediately available funds sufficient to pay the redemption
price of and accrued interest on all Securities to be redeemed on that date. 
 Section 3.06 Securities Redeemed in Part.  

Upon surrender of a Security that is redeemed in part, the Company and the Guarantors shall execute and the Trustee shall authenticate for each
Holder a new Security of the same Series equal in principal amount to the unredeemed portion of the Security surrendered. 
 ARTICLE FOUR

 COVENANTS 
 Section 4.01
Payment of Securities.  
 The Company shall pay the principal of and interest on a Series on the dates and in the manner
provided in the Securities of the Series. An installment of principal or interest shall be considered paid on the date it is due if the Paying Agent holds on that date money designated for and sufficient to pay the installment. 

  
 9 

 The Company shall pay interest on overdue principal at the rate borne by the Series; it
shall pay interest on overdue installments of interest at the same rate. 
 Section 4.02 Maintenance of Office or Agency.  

The Company shall maintain the office or agency required under Section 2.03. The Company shall give prior written
notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such
presentations, surrenders, notices and demands may be made or served at the address of the Trustee. 
 Section 4.03 Compliance
Certificate.  
 The Company shall deliver to the Trustee within 120 days after the end of each fiscal year of the Company an
Officers’ Certificate stating whether or not the signers know of any continuing Default by the Company in performing any of its obligations under this Indenture. If they do know of such a Default, the certificate shall describe the Default.

 The Company shall, so long as any Securities are outstanding under this Indenture, deliver to the Trustee written notice of the
occurrence of any Default or Event of Default within 30 days after a Senior Officer of the Company obtains knowledge of such Default or Event of Default and what action the Company is taking or proposes to take with respect thereto. A
“Senior Officer” of the Company means the Chairman of the Board, the Chief Executive Officer, the President, the Chief Financial Officer, the Treasurer or Chief Legal Officer of the Company. 

Section 4.04 Payment of Taxes; Maintenance of Corporate Existence; Maintenance of Properties.  

The Company will: 
 (a) cause to
be paid and discharged all lawful taxes, assessments and governmental charges or levies imposed upon the Company and the Guarantors or upon the income or profits of the Company and the Guarantors or upon Property or any part thereof belonging to the
Company and the Guarantors before the same shall be in default, as well as all lawful claims for labor, materials and supplies which, if unpaid, might become a lien or charge upon such Property or any part thereof; provided, however,
that the Company shall not be required to cause to be paid or discharged any such tax, assessment, charge, levy or claim so long as the validity or amount thereof shall be contested in good faith by appropriate proceedings and the nonpayment thereof
does not, in the judgment of the Company, materially adversely affect the ability of the Company and the Guarantors to pay all obligations under this Indenture when due; and provided further that the Company shall not be required to cause to
be paid or discharged any such tax, assessment, charge, levy or claim if, in the judgment of the Company, such payment shall not be advantageous to the Company in the conduct of its business and if the failure so to pay or discharge does not, in its
judgment, materially adversely affect the ability of the Company and the Guarantors to pay all obligations under this Indenture when due; 

(b) cause to be done all things necessary to preserve and keep in full force and effect the corporate existence of the Company and each of the
Guarantors and to comply with all applicable laws; provided, however, that nothing in this paragraph (b) shall prevent a consolidation or merger of the Company or any Guarantor not prohibited by the provisions of Article
Five, Article Nine or any other provision of this Indenture pertaining to a Series, and the Company may discontinue the corporate existence of any Guarantor, or fail to comply with any such applicable laws, if, in the Company’s
judgment, such discontinuance or non-compliance does not materially adversely affect the ability of the Company and the Guarantors to pay all obligations under this Indenture when due; and 

(c) at all times keep, maintain and preserve all the Property of the Company and the Guarantors in good repair, working order and condition
(reasonable wear and tear excepted) and from time to time make all needful and proper repairs, renewals, replacements, betterments and improvements thereto, so that the business carried on in connection therewith may be properly and advantageously
conducted at all times; provided, however, that nothing in this paragraph (c) shall prevent the Company from discontinuing the operation and maintenance of any such properties if such discontinuance, in the judgment of the
Company, does not materially adversely affect the ability of the Company and the Guarantors to pay all obligations under this Indenture when due. 

Section 4.05 Additional Guarantors.  

If (a) any Subsidiary that is not a Guarantor shall guarantee any (i) Indebtedness of the Company outstanding under any of the Credit
Facilities or (ii) Publicly Traded Debt Securities, or (b) the Company elects to add any Subsidiary as a Guarantor, then such Subsidiary shall (i) execute and deliver to the Trustee a supplemental indenture in form reasonably
satisfactory to the Trustee pursuant to which such Subsidiary shall unconditionally guarantee all of the Company’s obligations under the Securities of each Series (other than a Series that, pursuant to the applicable supplemental indenture or
Authorizing Resolution, does not have the benefit of Guarantees of other Subsidiaries of the Company) and under this Indenture (as it relates to all such Series) on the terms set forth in this Indenture, (ii) deliver to the Trustee an Opinion
of Counsel that such supplemental indenture has been duly authorized, executed and delivered by such Subsidiary and constitutes a legal, valid, binding and enforceable obligation of such Subsidiary, and (iii) deliver to the Trustee an
Officers’ Certificate certifying as to compliance with this Section 4.05. Thereafter, such Subsidiary shall be a Guarantor for all purposes of this Indenture (as it relates to all such Series) until it is released from
its obligations as a Guarantor pursuant to the provisions of this Indenture. 

  
 10 

 Section 4.06 Waiver of Stay, Extension or Usury Laws. 

The Company and the Guarantors covenant (to the extent that they may lawfully do so) that they will not at any time insist upon, plead, or in
any manner whatsoever claim or take the benefit or advantage of, any stay or extension law or any usury law or other law that would prohibit or forgive the Company or any Guarantor from paying all or any portion of the principal of or interest on
the Securities of any Series as contemplated herein, wherever enacted, now or at any time hereafter in force, or which may affect the covenants or the performance of this Indenture; and (to the extent that it may lawfully do so) the Company and each
of the Guarantors expressly waives all benefit or advantage of any such law, and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such
power as though no such law had been enacted. 
 ARTICLE FIVE 

SUCCESSOR CORPORATION 

Section 5.01 When Company May Merge, etc. 

Neither the Company nor any Guarantor will consolidate or merge with or into, or sell, lease, convey or otherwise dispose of all or
substantially all of its assets (including by way of liquidation or dissolution), to any Person (in each case other than in a transaction in which the Company or a Guarantor is the survivor of a consolidation or merger, or the transferee in a sale,
lease, conveyance or other disposition) unless: 
 (1) the Person formed by or surviving such consolidation or merger (if
other than the Company or the Guarantor, as the case may be), or to which such sale, lease, conveyance or other disposition will be made (collectively, the “Successor”), is a corporation or other legal entity organized and existing
under the laws of the United States or any state thereof or the District of Columbia, and the Successor assumes by supplemental indenture in a form reasonably satisfactory to the Trustee all of the obligations of the Company or the Guarantor, as the
case may be, under the Securities or a Guarantee, as the case may be, and the Indenture, and 
 (2) immediately after giving
effect to such transaction, no Default or Event of Default has occurred and is continuing. 
 The foregoing provisions shall not apply to:

 (A) the consolidation or merger of a Guarantor, or the sale, lease, conveyance or other disposition of all or
substantially all of the assets of a Guarantor, which under the provisions of Section 9.03 or the other provisions of this Indenture, results in such Guarantor being released from its Guarantee or the Successor not being
required to become a Guarantor, as the case may be, or 
 (B) a transaction the purpose of which is to change the state of
incorporation of the Company or any Guarantor. 
 Upon any such consolidation, merger, sale, lease, conveyance or other disposition, the
Successor will be substituted for the Company or the relevant Guarantor under the Indenture. The Successor may then exercise every power and right of the Company or the relevant Guarantor under this Indenture, and except in the case of a lease, the
Company or the relevant Guarantor will be released from all of its liabilities and obligations in respect of the Securities, the Guarantee and the Indenture. If the Company or a Guarantor leases all or substantially all of its assets, the Company or
such Guarantor will not be released from its obligations to pay the principal of and premium, if any, and interest, if any, on the Securities or the Guarantee, as applicable. 

ARTICLE SIX 
 DEFAULTS
AND REMEDIES 
 Section 6.01 Events of Default. 

An “Event of Default” on a Series occurs if, voluntarily or involuntarily, whether by operation of law or otherwise, any of
the following occurs: 
  

	 	(1)	 the failure by the Company to pay interest on any Security of such Series when the same becomes due and payable
and the continuance of any such failure for a period of 30 days; 

  

	 	(2)	 the failure by the Company to pay the principal or premium of any Security of such Series when the same becomes
due and payable at maturity, upon acceleration or otherwise; 

  

	 	(3)	 the failure by the Company or any Guarantor to comply with any of its agreements or covenants in, or provisions
of, the Securities of such Series, the Guarantees (as they relate thereto) or this Indenture (as they relate thereto) and such failure continues for the period and after the notice specified below (except in the case of a default with respect to
Article Five (or any other provision specified in the applicable supplemental indenture or Authorizing Resolution), which will constitute Events of Default with notice but without passage of time); 

 

	 	(4)	 the acceleration of any Indebtedness (other than Non-Recourse
Indebtedness) of the Company or any Guarantor that has an outstanding principal amount of $50 million or more, individually or in the aggregate, and such acceleration does not cease to exist, or such Indebtedness is not satisfied, in either
case within 30 days after such acceleration; 

  
 11 

	 	(5)	 the failure by the Company or any Guarantor to make any principal or interest payment in an amount of
$50 million or more, individually or in the aggregate, in respect of Indebtedness (other than Non-Recourse Indebtedness) of the Company or any Guarantor within 30 days of such principal or interest
becoming due and payable (after giving effect to any applicable grace period set forth in the documents governing such Indebtedness); 

  

	 	(6)	 the Company or any Guarantor that is a Significant Subsidiary pursuant to or within the meaning of any
Bankruptcy Law: 

 (A) commences a voluntary case, 

(B) consents to the entry of an order for relief against it in an involuntary case, 

(C) consents to the appointment of a Custodian of it or for all or substantially all of its Property, or 

(D) makes a general assignment for the benefit of its creditors; 

 

	 	(7)	 a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that:

  

	 	(A)	 is for relief against the Company or any Guarantor that is a Significant Subsidiary as debtor in an involuntary
case, 

  

	 	(B)	 appoints a Custodian of the Company or any Guarantor that is a Significant Subsidiary or a Custodian for all or
substantially all of the Property of the Company or any Guarantor that is a Significant Subsidiary, or 

  

	 	(C)	 orders the liquidation of the Company or any Guarantor that is a Significant Subsidiary, 

and the order or decree remains unstayed and in effect for 60 days; or 

 

	 	(8)	 any Guarantee of a Guarantor that is a Significant Subsidiary ceases to be in full force and effect (other than
in accordance with the terms of such Guarantee and this Indenture) or is declared null and void and unenforceable or found to be invalid or any Guarantor denies its liability under its Guarantee (other than by reason of release of a Guarantor from
its Guarantee in accordance with the terms of this Indenture and the Guarantee). 

 A Default as described in subclause
(3) above will not be deemed an Event of Default until the Trustee notifies the Company, or the Holders of at least 25 percent in principal amount of the then outstanding Securities of the applicable Series notify the Company and the
Trustee, of the Default and (except in the case of a default with respect to Article Five (or any other provision specified in the applicable supplemental indenture or Authorizing Resolution)) the Company does not cure the Default within 60
days after receipt of the notice. The notice must specify the Default, demand that it be remedied and state that the notice is a “Notice of Default.” If such a Default is cured within such time period, it ceases to exist, without any
action by the Trustee or any other Person. 
 The term “Custodian” means any receiver, trustee, assignee, liquidator,
custodian or similar official under any Bankruptcy Law. 
 Section 6.02 Acceleration.  

If an Event of Default (other than an Event of Default with respect to the Company resulting from subclause (6) or (7)
above), shall have occurred and be continuing under the Indenture, the Trustee by notice to the Company, or the Holders of at least 25 percent in principal amount of the Securities of the applicable Series then outstanding by notice to the
Company and the Trustee, may declare all Securities of such Series to be due and payable immediately. Upon such declaration of acceleration, the amounts due and payable on the Securities of such Series will be due and payable immediately. If an
Event of Default with respect to the Company specified in subclauses (6) or (7) above occurs, all amounts due and payable on the Securities of such Series will ipso facto become and be immediately due and payable without any
declaration, notice or other act on the part of the Trustee and the Company or any Holder. 
 Holders of a majority in principal amount of
the then outstanding Securities of such Series may rescind an acceleration with respect to such Series and its consequence (except an acceleration due to nonpayment of principal or interest) if the rescission would not conflict with any judgment or
decree and if all existing Events of Default (other than the non-payment of accelerated principal) have been cured or waived. 

No such rescission shall extend to or shall affect any subsequent Event of Default, or shall impair any right or power consequent thereon.

 Section 6.03 Other Remedies.  

If an Event of Default on a Series occurs and is continuing, the Trustee may pursue any available remedy by proceeding at law or in equity to
collect the payment of principal of or interest on the Series or to enforce the performance of any provision in the Securities or this Indenture applicable to the Series. 

The Trustee may maintain a proceeding even if it does not possess any of the Securities or does not produce any of them in the proceeding. A
delay or omission by the Trustee or any Securityholder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. No remedy is exclusive
of any other remedy. To the extent permitted by law, all available remedies are cumulative. 
 Section 6.04 Waiver of Existing Defaults.
 
 Subject to Section 10.02, the Holders of a majority in principal amount of the outstanding Securities
of a Series on behalf of all the Holders of the Series by notice to the Trustee may waive an existing Default on such Series and its consequences. When a Default is waived, it is cured and stops continuing, and any Event of Default arising therefrom
shall be deemed to have been cured; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon. 

  
 12 

 Section 6.05 Control by Majority.  

The Holders of a majority in principal amount of the outstanding Securities of a Series may direct the time, method and place of conducting any
proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it with respect to such Series. The Trustee, however, may refuse to follow any direction (i) that conflicts with law or this Indenture,
(ii) that, subject to Section 7.01, the Trustee determines is unduly prejudicial to the rights of other Securityholders, (iii) that would involve the Trustee in personal liability, if there shall be reasonable
grounds for believing that adequate indemnity against such liability is not reasonably assured to it, or (iv) if the Trustee shall not have been provided with indemnity satisfactory to it. 

Section 6.06 Limitation on Suits.  

A Securityholder of a Series may not pursue any remedy with respect to this Indenture or the Series unless: 

 

	 	(1)	 the Holder gives to the Trustee written notice of a continuing Event of Default on the Series;

  

	 	(2)	 the Holders of at least a majority in principal amount of the outstanding Securities of the Series make a
written request to the Trustee to pursue the remedy; 

  

	 	(3)	 such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability
or expense; 

  

	 	(4)	 the Trustee does not comply with the request within 60 days after receipt of the request and the offer of
indemnity; and 

  

	 	(5)	 no written request inconsistent with such written request shall have been given to the Trustee pursuant to this
Section 6.06. 

 A Securityholder may not use this Indenture to prejudice the rights of another
Holder of Securities of the same Series or to obtain a preference or priority over another Holder of Securities of the same Series. 
 Section 6.07
Rights of Holders to Receive Payment.  
 Notwithstanding any other provision of this Indenture, the right of any Holder to
receive payment of principal of and interest on any Security, on or after the respective due dates expressed in the Security, or to bring suit for the enforcement of any such payment on or after such respective dates, is absolute and unconditional
and shall not be impaired or affected without the consent of the Holder. 
 Section 6.08 Collection Suit by Trustee.  

If an Event of Default in payment of interest or principal specified in Section 6.01(1) or (2) occurs and
is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Company and, subject to Section 9.04, the Guarantors, for the whole amount of principal and interest remaining
unpaid. 
 Section 6.09 Trustee May File Proofs of Claim.  

The Trustee may file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the
Trustee (including any claim for the reasonable compensation, expenses, disbursements, and advances of the Trustee, its agents and counsel) and the Securityholders allowed in any judicial proceedings relative to the Company, any Guarantor or their
respective creditors or Property, and unless prohibited by applicable law or regulation, may vote on behalf of the Holders in any election of a Custodian, and shall be entitled and empowered to collect and receive any moneys or other Property
payable or deliverable on any such claims and to distribute the same and any Custodian in any such judicial proceeding is hereby authorized by each Securityholder to make such payments to the Trustee. Nothing herein shall be deemed to authorize the
Trustee to authorize or consent to or vote for or accept or adopt on behalf of any Securityholder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder or to authorize the Trustee to
vote in respect of the claim of any Securityholder except as aforesaid for the election of the Custodian. 
 Section 6.10 Priorities. 

 If the Trustee collects any money pursuant to this Article with respect to Securities of any Series, it shall pay out the money in the
following order: 
  

			
	First:	 	to the Trustee for amounts due under Section 7.07;
		
	Second:	 	to Securityholders of the Series for amounts due and unpaid on the Series for principal and interest, ratably, without preference or priority of any kind, according to the amounts due and payable on the Series for principal and
interest, respectively; and
		
	Third:	 	to the Company or the Guarantors as their interests may appear.

 The Trustee may fix a record date and payment date for any payment to Securityholders pursuant to this
Section 6.10. 
 Section 6.11 Undertaking for Costs.  

In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted
by it as Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of 

  
 13 

 
the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in the suit, having the due regard to the merits and
good faith of the claims or defenses made by the party litigant. This Section does not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 6.07 or a suit by Holders of more than 10% in principal amount of
the Series. 
 ARTICLE SEVEN 

TRUSTEE 
 Section 7.01 Duties
of Trustee.  
 (a) If an Event of Default has occurred and is continuing with respect to Securities of any Series, the
Trustee shall, prior to the receipt of directions from the Holders of a majority in principal amount of the Securities of the Series, exercise its rights and powers and use the same degree of care and skill in their exercise as a prudent person
would exercise or use under the circumstances in the conduct of his or her own affairs. 
 (b) Except during the continuance of an Event of
Default: 
 (1) The Trustee need perform only those duties that are specifically set forth in this Indenture and no others
and no implied covenants or obligations shall be read into this Indenture against the Trustee. 
 (2) In the absence of bad
faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this
Indenture. The Trustee, however, shall examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture but need not confirm or investigate the accuracy of mathematical calculations or other facts
or matters stated therein. 
 (c) The Trustee may not be relieved from liability for its own negligent action, its own negligent failure to
act or its own willful misconduct, except that: 
 (1) This paragraph does not limit the effect of paragraph
(b) of this Section. 
 (2) The Trustee shall not be liable for any error of judgment made in good faith by a Trust
Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts. 
 (3) The Trustee shall not
be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.05 or any other direction of the Holders permitted hereunder. 

(d) Every provision of this Indenture that in any way relates to the Trustee is subject to paragraphs (a), (b) and
(c) of this Section. 
 (e) The Trustee may refuse to perform any duty or exercise any right or power unless it receives
indemnity satisfactory to it against any loss, liability or expense. 
 (f) The Trustee shall not be liable for interest on any money
received by it except as the Trustee may agree with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 

(g) None of the provisions contained in this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur financial
liability in the performance of any of its duties or in the exercise of any of its rights or powers, if there shall be reasonable grounds for believing that the repayment of such funds or adequate indemnity against such liability is not reasonably
assured to it. 
 Section 7.02 Rights of Trustee.  

Subject to Section 7.01: 

(a) The Trustee may rely and shall be protected in acting or refraining from acting on any document, resolution, certificate, instrument,
report, or direction believed by it to be genuine and to have been signed or presented by the proper person. The Trustee need not investigate any fact or matter stated in the document, resolution, certificate, instrument, report, or direction. 

(b) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate or an Opinion of Counsel or both, which
shall conform to Sections 11.04 and 11.05 hereof and containing such other statements as the Trustee reasonably deems necessary to perform its duties hereunder. The Trustee shall not be liable for any action it takes or omits to take
in good faith in reliance on the Officers’ Certificate, Opinion of Counsel or any other direction of the Company permitted hereunder. 

(c) The Trustee may act through agents and shall not be responsible for the misconduct or negligence of any agent appointed with due care.

 (d) The Trustee shall not be liable for any action taken, suffered or omitted by it in good faith and believed by it to be authorized or
within the discretion or rights or powers conferred upon it by this Indenture. 

  
 14 

 (e) The Trustee may consult with counsel, and the written advice of such counsel or any
Opinion of Counsel as to matters of law shall be full and complete authorization and protection in respect of any action taken, omitted or suffered by it hereunder in good faith and in accordance with the advice or opinion of such counsel. 

(f) Unless otherwise specifically provided in the Indenture, any demand, request, direction or notice from the Company or a Guarantor shall be
sufficient if signed by an Officer of the Company or a Guarantor. 
 (g) For all purposes under this Indenture, the Trustee shall not be
deemed to have notice or knowledge of any Event of Default (other than under Section 6.01(1) or 6.01(2)) unless a Trust Officer assigned to and working in the Trustee’s corporate trust office has actual
knowledge thereof or unless written notice of any Event of Default is received by the Trustee at its address specified in Section 11.02 hereof and such notice references the Securities generally, the Company or this
Indenture. 
 Section 7.03 Individual Rights of Trustee.  

The Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the Company or
any Guarantor or their affiliates with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. The Trustee, however, must comply with Sections 7.10 and 7.11. 

Section 7.04 Trustee’s Disclaimer.  

The Trustee makes no representation as to the validity or adequacy of this Indenture, the Securities or of any prospectus used to sell the
Securities of any Series; it shall not be accountable for the Company’s use of the proceeds from the Securities; it shall not be accountable for any money paid to the Company, or upon the Company’s direction, if made under and in
accordance with any provision of this Indenture; it shall not be responsible for the use or application of any money received by any Paying Agent other than the Trustee; and it shall not be responsible for any statement of the Company or any
Guarantor in this Indenture or in the Securities other than its certificate of authentication. 
 Section 7.05 Notice of Defaults. 

 If a Default on a Series occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to each Securityholder of
the Series notice of the Default (which shall specify any uncured Default known to it) within 90 days after it occurs, provided that in the case of any Default specified in Section 6.01(4) or (5), no such
notice to Securityholders shall be given until at least the end of the 30 day grace period referred to therein. Except in the case of a default in payment of principal of or interest on a Series, the Trustee may withhold the notice if and so long as
the board of directors of the Trustee, the executive or any trust committee of such directors and/or responsible officers of the Trustee in good faith determine(s) that withholding the notice is in the interests of Holders of the Series. 

Section 7.06 Reports by Trustee to Holders.  

Within 60 days after each May 15 beginning with the May 15 following the date of this Base Indenture, the Trustee shall mail to each
Securityholder a brief report dated as of such May 15 that complies with TIA § 313(a) (but if no event described in TIA § 313(1) through (8) has occurred within the twelve months preceding the reporting date no report in relation
thereto need be transmitted). The Trustee also shall comply with TIA § 313(b). 
 A copy of each report at the time of its mailing to
Securityholders shall be delivered to the Company and filed by the Trustee with the SEC and each national securities exchange on which the Securities are listed. The Company agrees to notify the Trustee of each national securities exchange on which
the Securities are listed. 
 Section 7.07 Compensation and Indemnity.  

The Company shall pay to the Trustee from time to time reasonable compensation for its services subject to any written agreement between the
Trustee and the Company. The Company shall reimburse the Trustee upon request for all reasonable out-of-pocket expenses incurred by it. Such expenses shall include the
reasonable compensation and expenses of the Trustee’s agents and counsel. The Company shall indemnify the Trustee, its officers, directors, employees and agents and hold it harmless against any loss, liability or expense incurred or made by or
on behalf of it in connection with the administration of this Indenture or the trust hereunder and its duties hereunder including the costs and expenses of defending itself against or investigating any claim in the premises. The Trustee shall notify
the Company promptly of any claim for which it may seek indemnity. The Company need not reimburse any expense or indemnify against any loss or liability incurred by the Trustee through the Trustee’s, or its officers’, directors’,
employees’ or agents’ negligence or bad faith. 
 Unless otherwise provided in any supplemental indenture or Authorizing
Resolution relating to any Series, to ensure the Company’s payment obligations in this Section, the Trustee shall have a claim prior to the Securities of all Series on all money or Property held or collected by the Trustee, except that held in
trust to pay principal of or interest on particular Securities. When the Trustee incurs expenses or renders services in connection with an Event of Default specified in Section 6.01 or in connection with Article Six
hereof, the expenses (including the reasonable fees and expenses of its counsel) and the compensation for services in connection therewith are to constitute expenses of administration under any Bankruptcy Law. 

Section 7.08 Replacement of Trustee.  

The Trustee may resign with respect to Securities of any or all Series by so notifying the Company. The Holders of a majority in principal
amount of the outstanding Securities (or of the relevant Series) may remove the Trustee by so notifying the removed Trustee in writing and may appoint a successor trustee with the Company’s consent. Such resignation or removal shall not take
effect until the 

  
 15 

 
appointment by the Securityholders of the relevant Series or the Company as hereinafter provided of a successor trustee and the acceptance of such appointment by such successor trustee. The
Company may remove the Trustee and any Securityholder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee for any or no reason, including if: 

 

	 	(1)	 the Trustee fails to comply with Section 7.10 after written request by the Company or
any bona fide Securityholder who has been a Securityholder for at least six months; 

  

	 	(2)	 the Trustee is adjudged a bankrupt or an insolvent; 

 

	 	(3)	 a receiver or other public officer takes charge of the Trustee or its Property; or 

 

	 	(4)	 the Trustee becomes incapable of acting. 

If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company shall promptly appoint a
successor trustee with respect to the Securities of the relevant Series. If a successor trustee does not take office within 45 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or any Holder may petition any
court of competent jurisdiction for the appointment of a successor trustee with respect to the Securities of the relevant Series. 
 A
successor trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Immediately after that, the retiring Trustee shall transfer all Property held by it as Trustee with respect to the Securities of the
relevant Series to the successor trustee, the resignation or removal of the retiring Trustee shall become effective, and the successor trustee shall have all the rights, powers and duties of the Trustee under this Indenture with respect to the
Securities of the relevant Series. A successor trustee shall mail notice of its succession to each Securityholder of the relevant Series. 

Section 7.09 Successor Trustee by Merger, etc. 

If the Trustee consolidates with, merges with or into or converts into, or transfers all or substantially all of its corporate trust business
to, another corporation, the successor corporation shall automatically be the successor trustee without any further acts, documentation or filings. 

Section 7.10 Eligibility; Disqualification. 

This Indenture shall always have a Trustee who satisfies the requirements of TIA § 310(a)(1). The Trustee shall have a combined capital
and surplus of at least $10,000,000 as set forth in its most recent published annual report of condition. The Trustee shall comply with TIA § 310(b). 

Section 7.11 Preferential Collection of Claims Against Company. 

The Trustee shall comply with TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A Trustee who has resigned or
been removed shall be subject to TIA § 311(a) to the extent indicated therein. 
 ARTICLE EIGHT 

DISCHARGE OF INDENTURE 

Section 8.01 Defeasance upon Deposit of Moneys or U.S. Government Obligations. 

(a) The Company may, at its option and at any time, elect to have either paragraph (b) or paragraph (c) below be
applied to the outstanding Securities of any Series upon compliance with the applicable conditions set forth in paragraph (d). 
 (b)
Upon the Company’s exercise under paragraph (a) of the option applicable to this paragraph (b) with respect to any Series, the Company and the Guarantors shall be deemed to have been released and discharged from
their respective obligations with respect to the outstanding Securities of the Series on the date the applicable conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance
means that the Company shall be deemed to have paid and discharged the entire Indebtedness represented by the outstanding Securities of a Series, which shall thereafter be deemed to be “outstanding” only for the purposes of the Sections
and matters under this Indenture referred to in (i) and (ii) below, and the Company and the Guarantors shall be deemed to have satisfied all their other obligations under such Securities and this Indenture insofar as such Securities are
concerned, except for the following which shall survive until otherwise terminated or discharged hereunder: (i) the rights of Holders of outstanding Securities of a Series to receive solely from the trust fund described in paragraph
(d) below and as more fully set forth in such paragraph, payments in respect of the principal of and interest on such Securities when such payments are due and (ii) obligations listed in Section 8.02, subject
to compliance with this Section 8.01. The Company may exercise its option under this paragraph (b) with respect to a Series notwithstanding the prior exercise of its option under paragraph (c) below
with respect to the Securities of the Series. 
 (c) Upon the Company’s exercise under paragraph (a) of the option
applicable to this paragraph (c) with respect to a Series, the Company and the Guarantors shall be released and discharged from the obligations under any covenant contained in Article Five and Sections 4.04 (but only to the
extent it applies to Guarantors), 4.05 and any other covenant contained in or referenced in the Authorizing Resolution or supplemental indenture relating to such Series (to the extent such release and discharge shall not be prohibited
thereby), on and after the date the conditions set forth below are satisfied (hereinafter, “Covenant Defeasance”), and the Securities of such Series shall thereafter be deemed to be not “outstanding” for the purpose of any
direction, waiver, consent or declaration or act of Holders (and the 

  
 16 

 
consequences of any thereof) in connection with such covenants, but shall continue to be deemed “outstanding” for all other purposes hereunder. For this purpose, such Covenant
Defeasance means that, with respect to the outstanding Securities of a Series, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or
indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an
Event of Default under Section 6.01(3) or otherwise, but, except as specified above, the remainder of this Indenture and such Securities shall be unaffected thereby. 

(d) The following shall be the conditions to application of either paragraph (b) or paragraph (c) above to the
outstanding Securities of the applicable Series: 
 (1) The Company shall have irrevocably deposited in trust with the
Trustee (or another qualifying trustee), pursuant to an irrevocable trust and security agreement in form and substance reasonably satisfactory to the Trustee, money in U.S. dollars or U.S. Government Obligations or a combination thereof in such
amounts and at such times as are sufficient, in the opinion of a nationally recognized firm of independent public accountants, to pay the principal of and interest on the outstanding Securities of such Series to maturity or redemption;
provided, however, that the Trustee (or other qualifying trustee) shall have received an irrevocable written order from the Company instructing the Trustee (or other qualifying trustee) to apply such money or the proceeds of such U.S.
Government Obligations to said payments with respect to the Securities of such Series to maturity or redemption; 
 (2) No
Default or Event of Default (other than a Default or Event of Default resulting from non-compliance with any covenant from which the Company and the Guarantors are released upon effectiveness of such Legal
Defeasance or Covenant Defeasance pursuant to paragraph (b) or (c) hereof, as applicable) shall have occurred and be continuing on the date of such deposit or result therefrom; 

(3) Such deposit will not result in a breach or violation of, or constitute a default under, any other material instrument or
agreement to which the Company or any of any of the Guarantors is a party or by which it or any of their Property is bound; 

(4)(i) In the event the Company elects paragraph (b) hereof, the Company shall deliver to the Trustee an Opinion of
Counsel in the United States, in form and substance reasonably satisfactory to the Trustee, to the effect that (A) the Company has received from, or there has been published by, the Internal Revenue Service a ruling or (B) since the Issue
Date pertaining to such Series, there has been a change in the applicable federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall state that, or (ii) in the event the Company elects
paragraph (c) hereof, the Company shall deliver to the Trustee an Opinion of Counsel in the United States, in form and substance reasonably satisfactory to the Trustee, to the effect that, in the case of clauses (i) and
(ii), and subject to customary assumptions and exclusions, Holders of the Securities of such Series will not recognize income, gain or loss for federal income tax purposes as a result of such deposit and the defeasance contemplated hereby and
will be subject to federal income tax in the same amounts and in the same manner and at the same times as would have been the case if such deposit and defeasance had not occurred; 

(5) The Company shall have delivered to the Trustee an Officers’ Certificate, stating that the deposit under clause
(1) was not made by the Company with the intent of preferring the Holders of the Securities of such Series over any other creditors of the Company or with the intent of defeating, hindering, delaying or defrauding any other creditors of the
Company or any Guarantor or others; 
 (6) the Company shall have delivered to the Trustee an Opinion of Counsel (subject to
customary assumptions and qualifications) to the effect that, assuming no intervening bankruptcy of the Company or any Guarantor between the date of deposit and the 123rd day following the deposit and assuming that no Holder is an
“insider” of the Company under applicable Bankruptcy Law, after the 123rd day following the deposit, the trust funds shall not be subject to the effect of Section 547 of the United States Bankruptcy Code or any analogous New York
State law provision; and 
 (7) The Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent specified herein relating to the defeasance contemplated by this Section 8.01 have been complied with. 

In the event all or any portion of the Securities of a Series are to be redeemed through such irrevocable trust, the Company must make
arrangements satisfactory to the Trustee, at the time of such deposit, for the giving of the notice of such redemption or redemptions by the Trustee in the name and at the expense of the Company. 

(e) In addition to the Company’s rights above under this Section 8.01, the Company may terminate all of its
obligations under this Indenture with respect to a Series, and the obligations of the Guarantors shall terminate with respect to such Series (subject to Section 8.02), when: 

(1) All Securities of such Series theretofore authenticated and delivered (other than Securities which have been destroyed,
lost or stolen and which have been replaced or paid as provided in Section 2.07 and Securities for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and thereafter
repaid to the Company or discharged from such trust) have been delivered to the Trustee for cancellation or all such Securities not theretofore delivered to the Trustee for cancellation (A) have become due and payable, (B) will become due
and payable at maturity within one year or (C) are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company,
and in each such case, the Company has irrevocably deposited or caused to be deposited with the Trustee (or another qualifying trustee) as trust funds in trust solely for that purpose an amount in U.S. dollars or U.S. Government Obligations or a
combination thereof sufficient, in the opinion of a nationally recognized firm of independent public accountants, to pay and discharge the entire Indebtedness on the Securities of such Series not theretofore delivered to the Trustee for
cancellation, for principal of and interest on the Securities of such Series, on the date of such deposit or to the maturity or redemption date, as the case may be; 

(2) The Company has paid or caused to be paid all other sums payable hereunder by the Company; 

  
 17 

 (3) The Company has delivered irrevocable instructions to the Trustee (or
such other qualifying trustee), to apply the deposited money toward the payment of the Securities of such Series at maturity or redemption, as the case may be; and 

(4) The Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, stating that all
conditions precedent specified in this Section 8.01(e) relating to the satisfaction and discharge of this Indenture have been complied with. 

Section 8.02 Survival of the Company’s Obligations.  

Notwithstanding the satisfaction and discharge of this Indenture under Section 8.01, the Company’s obligations
in Paragraph 8 of the Securities and Sections 2.03 through 2.07, 4.01, 7.07, 7.08, 8.04 and 8.05, however, shall survive until the Securities of an applicable Series are no longer outstanding.
Thereafter, the Company’s obligations in Paragraph 8 of the Securities of such Series and Sections 7.07, 8.04 and 8.05 shall survive (as they relate to such Series). 

Section 8.03 Application of Trust Money.  

The Trustee shall hold in trust money or U.S. Government Obligations deposited with it pursuant to Section 8.01. It
shall apply the deposited money and the money from U.S. Government Obligations in accordance with this Indenture to the payment of principal of and interest on the Securities of the defeased Series. 

Section 8.04 Repayment to the Company.  

The Trustee and the Paying Agent shall promptly pay to the Company upon request any excess money or securities held by them at any time. The
Trustee and the Paying Agent shall pay to the Company upon request any money held by them for the payment of principal or interest that remains unclaimed for two years, provided, however, that the Trustee or such Paying Agent, before
being required to make any such repayment, may at the expense of the Company cause to be published once in a newspaper of general circulation in the City of New York or mail to each such Holder notice that such money remains unclaimed and that,
after a date specified therein, which shall not be less than 30 days from the date of such publication or mailing, any unclaimed balance of such money then remaining will be repaid to the Company. After payment to the Company, Securityholders
entitled to the money must look to the Company or any Guarantor for payment as general creditors unless applicable abandoned property law designates another person and all liability of the Trustee or such Paying Agent with respect to such money
shall cease. 
 Section 8.05 Reinstatement.  

If the Trustee is unable to apply any money or U.S. Government Obligations in accordance with Section 8.01 by reason
of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Company’s and each Guarantor’s obligations under this Indenture and
the Securities relating to the Series shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.01 until such time as the Trustee is permitted to apply all such money or U.S. Government
Obligations in accordance with Section 8.01; provided, however, that (a) if the Company or any Guarantor has made any payment of interest on or principal of any Securities of the Series because of the
reinstatement of its obligations hereunder, the Company or Guarantor shall be subrogated to the rights of the Holders of such Securities to receive such payment from the money or U.S. Government Obligations held by the Trustee and (b) unless
otherwise required by any legal proceeding or any order or judgment of any court or governmental authority, the Trustee shall return all such money or U.S. Government Obligations to the Company promptly after receiving a written request therefor at
any time, if such reinstatement of the Company’s or Guarantor’s obligations has occurred and continues to be in effect. 

ARTICLE NINE 

GUARANTEES 
 Section 9.01
Unconditional Guarantees.  
 Subject to any other provisions set forth in the Authorizing Resolution or supplemental
indenture relating to a particular Series, each Guarantor unconditionally, jointly and severally, guarantees (each such guarantee to be referred to herein as the “Guarantee”) to each Holder of Securities of such Series authenticated
and delivered by the Trustee and to the Trustee and its successors and assigns, that: (i) the principal of and interest on the Securities of such Series will be promptly paid in full when due, subject to any applicable grace period, whether at
maturity, by acceleration or otherwise and interest on the overdue principal, if any, and interest on any interest of the Securities of such Series and all other obligations of the Company to the Holders or the Trustee hereunder or thereunder,
except obligations to pay principal of and interest on any other Series not so guaranteed, will be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and (ii) in case of any extension of time of payment or
renewal of any Securities of such Series or of any such other obligations, the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, subject to any applicable grace period, whether at
stated maturity, by acceleration or otherwise, subject, however, in the case of clauses (i) and (ii) above, to the limitations set forth in Section 9.04. Each Guarantor agrees that its obligations
hereunder shall be unconditional, irrespective of the validity, regularity or enforceability of the Securities of such Series or this Indenture, the absence of any action to enforce the same, 

  
 18 

 
any waiver or consent by any Holder of the Securities of such Series with respect to any provisions hereof or thereof, the recovery of any judgment against the Company, any action to enforce the
same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. Each Guarantor waives diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or
bankruptcy of the Company, any right to require a proceeding first against the Company, protest, notice and all demands whatsoever and covenants that, subject to Section 9.03, this Guarantee will not be discharged except by
complete performance of the obligations contained in the Securities of the applicable Series, this Indenture and in this Guarantee. If any Holder or the Trustee is required by any court or otherwise to return to the Company, any Guarantor, or any
custodian, trustee, liquidator or other similar official acting in relation to the Company or any Guarantor, any amount paid by the Company or any Guarantor to the Trustee or such Holder, this Guarantee, to the extent theretofore discharged, shall
be reinstated in full force and effect. Each Guarantor further agrees that, as between each Guarantor, on the one hand, and the Holders and the Trustee, on the other hand, (x) the maturity of the obligations guaranteed hereby may be accelerated
as provided in Article Six for the purposes of this Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (y) in the event of any
acceleration of such obligations as provided in Article Six, such obligations (whether or not due and payable) shall forthwith become due and payable by each Guarantor for the purpose of this Guarantee. 

Section 9.02 Severability.  

In case any provision of this Guarantee shall be invalid, illegal or unenforceable, the validity, legality, and enforceability of the remaining
provisions shall not in any way be affected or impaired thereby. 
 Section 9.03 Release of a Guarantor.  

Notwithstanding anything in this Indenture to the contrary, in the event of (i) the sale or other disposition of Capital Stock of any
Guarantor if as a result of such disposition, such Person ceases to be a Subsidiary of the Company, (ii) a sale or other disposition of all or substantially all of the assets of any Guarantor (other than to the Company or another Guarantor),
(iii) a merger or consolidation of a Guarantor with a Person other than the Company or another Guarantor, or (iv) a Guarantor ceasing to guarantee any (a) Indebtedness of the Company outstanding under any of the Credit Facilities and
(b) Publicly Traded Debt Securities, then such Guarantor (in the case of clauses (i), (ii) and (iv) above) will be automatically and unconditionally released and discharged from all obligations under this Article Nine, the other
provisions of this Indenture and the Securities and the Person acquiring such assets (in the case of clauses (ii) and (iii) above) shall not be required to assume the Guarantor’s obligations under this Article Nine, the other
provisions of this Indenture and the Securities or otherwise become a Guarantor, in each case without any further action required on the part of the Trustee, any Holder, the Company or any Guarantor; provided that such sale, disposition or
other transaction is otherwise in compliance with this Indenture. 
 Nothing contained in this Indenture or in any of the Securities shall
prevent any consolidation or merger of a Guarantor with or into the Company or another Guarantor, or shall prevent any sale, lease, conveyance or other disposition of all or substantially assets of a Guarantor to the Company or another Guarantor.
Upon any such consolidation, merger, or disposition, the Guarantee given by such Guarantor shall no longer have any force or effect. 
 The
Trustee shall deliver an appropriate instrument evidencing any such release upon receipt of a request by the Company accompanied by an Officers’ Certificate and Opinion of Counsel certifying as to the compliance with this
Section 9.03. 
 Any Guarantor not released in accordance with this Section 9.03 remains
liable for the full amount of principal of and interest on the Securities as provided in this Article Nine, except as provided in Article Eight. 

Section 9.04 Limitation of a Guarantor’s Liability.  

Each Guarantor and by its acceptance hereof each Holder confirms that it is the intention of all such parties that the guarantee by such
Guarantor pursuant to its Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal or state law. To effectuate
the foregoing intention, the Holders and such Guarantor irrevocably agree that the obligations of such Guarantor under the Guarantee shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of
such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to Section 9.05,
result in the obligations of such Guarantor under the Guarantee not constituting such fraudulent transfer or conveyance. 
 Section 9.05
Contribution.  
 In order to provide for just and equitable contribution among the Guarantors, the Guarantors agree, inter
se, that in the event any payment or distribution is made by any Guarantor (a “Funding Guarantor”) under the Guarantee, such Funding Guarantor shall be entitled to a contribution from all other Guarantors in a pro rata amount based
on the Adjusted Net Assets of each Guarantor (including the Funding Guarantor) for all payments, damages and expenses incurred by that Funding Guarantor in discharging the Company’s obligations with respect to any Securities or any other
Guarantor’s obligations with respect to its Guarantee. “Adjusted Net Assets” of such Guarantor at any date shall mean the lesser of the amount by which (x) the fair value of the Property of such Guarantor exceeds
the total amount of liabilities, including contingent liabilities (after giving effect to all other fixed and contingent liabilities incurred or assumed on such date and after giving effect to any collection from any other Subsidiary of the
Guarantor in respect of the obligations of its Guarantee), but excluding liabilities under the Guarantee, of such Guarantor at such date and (y) the present fair salable value of the assets of such Guarantor at such date exceeds the amount that
will be required to pay the probable liability of such Guarantor on its debts (after giving 

  
 19 

 
effect to all other fixed and contingent liabilities incurred or assumed on such date and after giving effect to any collection from any other Subsidiary of the Company in respect of the
obligations of such Guarantor under its Guarantee), excluding debt in respect of the Guarantee of such Guarantor, as they become absolute and matured. 

Section 9.06 Waiver of Subrogation.  

Until all guaranteed obligations under this Indenture and with respect to all Securities of an applicable Series are paid in full, each
Guarantor irrevocably waives any claim or other rights which it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of such Guarantor’s obligations under the Guarantee and this
Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Securities of the applicable Series against the Company, whether or not such claim,
remedy or right arises in equity, or under contract, statute or common law, including the right to take or receive from the Company, directly or indirectly, in cash or other Property or by set-off or in any
other manner, payment or security on account of such claim or other rights. If any amount shall be paid to any Guarantor in violation of the preceding sentence and the Securities of the applicable Series shall not have been paid in full, such amount
shall have been deemed to have been paid to such Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Securities of the applicable Series, and shall forthwith be paid to the Trustee for the benefit of such Holders
to be credited and applied upon the Securities of the applicable Series, whether matured or unmatured, in accordance with the terms of this Indenture. Each Guarantor acknowledges that it will receive direct and indirect benefits from the financing
arrangements contemplated by this Indenture and that the waiver set forth in this Section 9.06 is knowingly made in contemplation of such benefits. 

Section 9.07 Execution of Guarantee.  

To evidence their guarantee to the Holders set forth in this Article Nine with respect to any Series, the Guarantors shall execute the
Guarantee in substantially the form included in Exhibit A or in any such other form set forth in the Authorizing Resolution or supplemental indenture pertaining to the applicable Series, which shall be endorsed on each Security ordered to be
authenticated and delivered by the Trustee. Each Guarantor agrees that its Guarantee set forth in this Article Nine shall remain in full force and effect notwithstanding any failure to endorse on each Security a notation of such Guarantee. Each such
Guarantee shall be signed on behalf of each Guarantor by one Officer (who shall, in each case, have been duly authorized by all requisite corporate or other actions) shall attest to such Guarantee prior to the authentication of the Security on which
it is endorsed, and the delivery of such Security by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of such Guarantee on behalf of such Guarantor. Such signature upon the Guarantee may be by manual or
facsimile signature of such officer and may be imprinted or otherwise reproduced on the Guarantee, and in case any such officer who shall have signed the Guarantee shall cease to be such officer before the Security on which such Guarantee is
endorsed shall have been authenticated and delivered by the Trustee or disposed of by the Company, such Security nevertheless may be authenticated and delivered or disposed of as though the person who signed the Guarantee had not ceased to be such
officer of the Guarantor. 
 ARTICLE TEN 

AMENDMENTS, SUPPLEMENTS AND WAIVERS 

Section 10.01 Without Consent of Holders.  

The Company, the Guarantors and the Trustee may amend or supplement this Indenture or the Securities of a Series without notice to or consent
of any Securityholder of such Series: 
 (1) to cure any ambiguity, omission, defect or inconsistency; 

(2) to comply with Article Five; 

(3) to provide that specific provisions of this Indenture shall not apply to a Series not previously issued or to make a change
to specific provisions of this Indenture that only applies to any Series not previously issued or to additional Securities of a Series not previously issued; 

(4) to create a Series and establish its terms; 

(5) to provide for uncertificated Securities in addition to or in place of certificated Securities; 

(6) to release a Guarantor in respect of any Series which, in accordance with the terms of this Indenture applicable to the
particular Series, ceases to be liable in respect of its Guarantee; 
 (7) to add a Guarantor in respect of any Series; 

(8) to comply with requirements of the SEC in order to effect or maintain the qualification of this Indenture under the TIA;
and 
 (9) to make any other change that does not adversely affect the rights of Securityholders. 

After an amendment under this Section 10.01 becomes effective, the Company shall mail or cause to be mailed notice
of such amendment to the Securityholders. 

  
 20 

 Section 10.02 With Consent of Holders.  

The Company, the Guarantors and the Trustee may amend or supplement this Indenture or the Securities of a Series with the written consent of
the Holders of at least a majority in principal amount of the outstanding Securities of each Series affected by the amendment (including consents obtained in connection with a purchase of, or tender offer or exchange offer for, Securities of such
Series). Each such Series shall vote as a separate class. The Holders of a majority in principal amount of the outstanding Securities of any Series may waive compliance by the Company with any provision of the Securities of such Series or of this
Indenture relating to such Series (including any waiver granted in connection with a purchase of, or tender offer or exchange offer for, Securities of such Series). Without the consent of each Holder of a Security affected thereby, however, an
amendment, supplement or waiver, including a waiver pursuant to Section 6.04, may not: 
  

	 	(1)	 reduce the amount of Securities of the relevant Series whose Holders must consent to an amendment, supplement
or waiver; 

  

	 	(2)	 reduce the rate of or change the time for payment of interest, including defaulted interest, on any Security;

  

	 	(3)	 reduce the principal of or change the fixed maturity of any Security or alter the provisions (including related
definitions) with respect to redemption of any Security pursuant to Article Three hereof; 

  

	 	(4)	 modify the ranking or priority of the Securities of the relevant Series or any Guarantee thereof;

  

	 	(5)	 release any Guarantor from any of its obligations under its Guarantee or this Indenture otherwise than in
accordance with the terms of this Indenture; 

  

	 	(6)	 make any change in Sections 6.04, 6.07 or this Section 10.02;

  

	 	(7)	 waive a continuing Default or Event of Default in the payment of the principal of or interest on any Security;
or 

  

	 	(8)	 make any Security payable at a place or in money other than that stated in the Security, or impair the right of
any Securityholder to bring suit as permitted by Section 6.07. 

 An amendment of a provision
included solely for the benefit of one or more Series does not affect the interests of Securityholders of any other Series. 
 It shall not
be necessary for the consent of the Holders under this Section to approve the particular form of any proposed supplement, but it shall be sufficient if such consent approves the substance thereof. 

Section 10.03 Compliance with Trust Indenture Act.  

Every amendment to or supplement of this Indenture or any Securities shall comply with the TIA as then in effect. 

Section 10.04 Revocation and Effect of Consents.  

A consent to an amendment, supplement or waiver by a Holder shall bind the Holder and every subsequent Holder of a Security or portion of a
Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made on any Security. Unless otherwise provided in the consent or the consent solicitation statement or other document describing
the terms of the consent, any Holder or subsequent Holder may revoke the consent as to its Security or portion of a Security. Any revocation of a consent by the Holder of a Security or any such subsequent Holder shall be effective only if the
Trustee receives the notice of revocation before the date on which the Trustee receives an Officers’ Certificate from the Company certifying that the requisite number of consents have been received. 

The Company may, but shall not be obligated to, fix a record date for the purpose of determining the Holders of Securities of any Series
entitled to consent to any amendment, supplement or waiver. If a record date is fixed, and if Holders otherwise have a right to revoke their consent under the consent or the consent solicitation statement or other document describing the terms of
the consent, then notwithstanding the second to last sentence of the immediately preceding paragraph, those Persons who were Holders at such record date (or their duly designated proxies), and only those Persons, shall be entitled to revoke any
consent previously given, whether or not such Persons continue to be Holders after such record date. No such consent shall be valid or effective for more than 90 days after such record date. 

An amendment, supplement or waiver with respect to a Series becomes effective upon the (i) receipt by the Company or the Trustee of the
requisite consents, (ii) satisfaction of any conditions to effectiveness as set forth in this Indenture or any indenture supplemental hereto containing such amendment, supplement or waiver and (iii) execution of such amendment, supplement
or waiver (or the related supplemental indenture) by the Company and the Trustee. After an amendment, supplement or waiver with respect to a Series becomes effective, it shall bind every Holder of such Series, unless it makes a change described in
any of clauses (1) through (8) of Section 10.02, in which case, the amendment, supplement or waiver shall bind a Holder of a Security who is affected thereby only if it has consented to such amendment,
supplement or waiver and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security; provided that no such waiver shall impair or affect the right of any Holder to
receive payment of principal of and interest on a Security, on or after the respective due dates expressed in such Security, or to bring suit for the enforcement of any such payment on or after such respective dates without the consent of such
Holder. 
 Section 10.05 Notation on or Exchange of Securities.  

If an amendment, supplement or waiver changes the terms of a Security, the Company may require the Holder of the Security to deliver it to the
Trustee, at which time the Trustee shall place an appropriate notation on the Security about the changed terms and return it to the Holder. Alternatively, if the Company or the Trustee so determines, the Company in exchange for the Security shall
issue and the Trustee shall authenticate a new Security that reflects the changed terms. 

  
 21 

 Section 10.06 Trustee to Sign Amendments, etc.  

Subject to Section 7.02(b), the Trustee shall sign any amendment, supplement or waiver authorized pursuant to this
Article if the amendment, supplement or waiver does not adversely affect the rights, duties, liabilities or immunities of the Trustee. If it does, the Trustee may but need not sign it. In signing or refusing to sign such amendment or supplemental
indenture, the Trustee shall be entitled to receive and shall be fully protected in relying upon, an Officers’ Certificate and an Opinion of Counsel as conclusive evidence that such amendment, supplement or waiver is authorized or permitted by
this Indenture, that it is not inconsistent herewith, and that it will be valid and binding upon the Company and any Guarantors in accordance with its terms. 

Section 10.07 Notice of Supplemental Indenture.  

Promptly after the execution by the Company and the Trustee of any supplemental indenture pursuant to Section 10.02,
the Company shall transmit to the Holders of outstanding Securities of any Series affected thereby a notice setting forth in general terms the substance of such supplemental indenture; provided that a filing of the supplemental indenture or a
description thereof in a filing by the Company with the SEC pursuant to EDGAR or successor system shall satisfy this requirement. Failure to send such notice will not impair the validity of such supplemental indenture. 

ARTICLE ELEVEN 

MISCELLANEOUS 
 Section 11.01
Trust Indenture Act Controls.  
 If any provision of this Indenture limits, qualifies or conflicts with another provision
which is required to be included in this Indenture by the TIA, the required provision shall control. 
 Section 11.02 Notices. 

 Any order, consent, notice or communication shall be sufficiently given if in writing and delivered in person or mailed by first class
mail, postage prepaid, or by Electronic Means, addressed as follows: 
 if to the Company or to any Guarantor: 

D.R. Horton, Inc. 
 1341 Horton
Circle 
 Arlington, Texas 76011 

Attention: Chief Financial Officer 

Email address: bwheat@drhorton.com 

if to the Trustee: 
 Branch
Banking and Trust Company 
 223 West Nash Street 

Wilson, NC 27893 
 Attention:
Corporate Trust Services 
 Email address: gyanok@bbandt.com 

The Company or the Trustee by notice to the other may designate additional or different addresses for subsequent notices or communications.

 Any notice or communication mailed to a Securityholder shall be mailed to him by first class mail at his address as it appears on the
registration books of the Registrar and shall be sufficiently given to him if so mailed within the time prescribed. 
 Any Electronic Notice
received by any party after 5:00 p.m., New York time, as evidenced by the time shown on such transmission, shall be deemed to have been received the following Business Day. The Trustee shall have the right to accept and act upon instructions given
pursuant to this Indenture delivered using Electronic Means; provided, however, that the Company shall provide to the Trustee an incumbency certificate listing officers with the authority to provide such instructions (the “Authorized
Officers”) and containing specimen signatures of such Authorized Officers, which incumbency certificate shall be amended by the Company, whenever a person is to be added or deleted from the listing. If the Company elects to give the Trustee
instructions using Electronic Means and the Trustee elects to act upon such instructions, the Trustee’s understanding of such instructions shall be deemed controlling. The Company understands and agrees that the Trustee cannot determine the
identity of the actual sender of such instructions and that the Trustee shall conclusively presume that directions that purport to have been sent by an Authorized Officer listed on the incumbency certificate provided to the Trustee have been sent by
such Authorized Officer. The Company shall be responsible for ensuring that only Authorized Officers transmit such instructions to the Trustee and that the Company and all Authorized Officers are solely responsible to safeguard the use and
confidentiality of applicable user and authorization codes, passwords and/or authentication keys upon receipt by the Company. The Trustee shall not be 

  
 22 

 
liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reliance upon and compliance with such instructions notwithstanding such directions conflict or are
inconsistent with a subsequent written instruction. The Company agrees: (i) to assume all risks arising out of the use of Electronic Means to submit instructions to the Trustee, including without limitation the risk of the Trustee acting on
unauthorized instructions, and the risk of interception and misuse by third parties; (ii) that it is fully informed of the protections and risks associated with the various methods of transmitting instructions to the Trustee and that there may
be more secure methods of transmitting instructions than the method(s) selected by the Company; (iii) that the security procedures (if any) to be followed in connection with its transmission of instructions provide to it a commercially
reasonable degree of protection in light of its particular needs and circumstances; and (iv) to notify the Trustee immediately upon learning of any compromise or unauthorized use of the security procedures. 

Failure to mail a notice or communication to a Securityholder or any defect in it shall not affect its sufficiency with respect to other
Securityholders. If a notice or communication is mailed in the manner provided above, it is duly given, whether or not the addressee receives it except that notice to the Trustee shall only be effective upon receipt thereof by the Trustee. 

If the Company mails notice or communications to the Securityholders, it shall mail a copy to the Trustee at the same time. 

Section 11.03 Communications by Holders with Other Holders.  

Securityholders may communicate pursuant to TIA § 312(b) with other Securityholders with respect to their rights under this Indenture or
the Securities. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA § 312(c). 
 Section 11.04
Certificate and Opinion as to Conditions Precedent.  
 Upon any request or application by the Company to the Trustee to
take any action under this Indenture, the Company shall furnish to the Trustee: 
  

	 	(1)	 an Officers’ Certificate (which shall include the statements set forth in
Section 11.05) stating that, in the opinion of the signers, all conditions precedent and covenants, compliance with which constitutes a condition precedent, if any, provided for in this Indenture relating to the proposed
action have been complied with; and 

  

	 	(2)	 an Opinion of Counsel (which shall include the statements set forth in Section 11.05)
stating that, in the opinion of such counsel, all such conditions precedent and covenants, compliance with which constitutes a condition precedent, if any, provided for in this Indenture relating to the proposed action or inaction, have been
complied with and that any such section does not conflict with the terms of this Indenture. 

 Section 11.05 Statements
Required in Certificate or Opinion.  
 Each certificate or opinion with respect to compliance with a condition or covenant
provided for in this Indenture shall include: 
  

	 	(1)	 a statement that the person making such certificate or opinion has read such covenant or condition;

  

	 	(2)	 a brief statement as to the nature and scope of the examination or investigation upon which the statements or
opinions contained in such certificate or opinion are based; 

  

	 	(3)	 a statement that, in the opinion of such person, he has made such examination or investigation as is necessary
to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

  

	 	(4)	 a statement as to whether or not, in the opinion of such person, such condition or covenant has been complied
with. 

 Section 11.06 Rules by Trustee and Agents.  

The Trustee may make reasonable rules for action by or a meeting of Securityholders. The Registrar or Paying Agent may make reasonable rules
for its functions. 
 Section 11.07 Legal Holidays.  

A “Legal Holiday” is a Saturday, a Sunday, a legal holiday or a day on which banking institutions in Arlington, Texas and New
York, New York are not required to be open. If a payment date is a Legal Holiday, payment may be made on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period. If this Indenture provides for a
time period that ends or requires performance of any non-payment obligation by a day that is not a Business Day, then such time period shall instead be deemed to end on, and such obligation shall instead be
performed by, the next succeeding Business Day. A “Business Day” is any day other than a Legal Holiday. 
 Section 11.08
Governing Law.  
 The laws of the State of New York shall govern this Indenture, the Securities of each Series and the
Guarantees. 
 Section 11.09 No Adverse Interpretation of Other Agreements.  

This Indenture may not be used to interpret another indenture, loan or debt agreement of the Company or a Subsidiary. Any such indenture, loan
or debt agreement may not be used to interpret this Indenture. 

  
 23 

 Section 11.10 No Recourse Against Others.  

All liability (i) described in Paragraph 12 of the Securities of any director, officer, employee or stockholder, as such, of the
Company and (ii) described in the second paragraph of the guarantees of each Guarantor of any stockholder, officer, director, employee, incorporator, partner, member or manager, as such, of any Guarantor, is waived and released. 

Section 11.11 Successors and Assigns.  

All covenants and agreements of the Company and the Guarantors in this Indenture and the Securities shall bind their respective successors and
assigns. All agreements of the Trustee in this Indenture shall bind its successors and assigns. 
 Section 11.12 Duplicate Originals. 

 The parties may sign any number of copies of this Indenture. Each signed copy shall be an original, but all of them together represent
the same agreement. 
 Section 11.13 Severability.  

In case any one or more of the provisions contained in this Indenture or in the Securities of a Series shall for any reason be held to be
invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Indenture or of the Securities of such Series. 

  
 24 

 SIGNATURES 

IN WITNESS WHEREOF, the parties have caused this Indenture to be duly executed, all as of the date first above written. 

 

			
	D.R. HORTON, INC.
		
	By:	 	 /s/ Bill W. Wheat

	Name:	 	Bill W. Wheat
	Title:	 	Executive Vice President and Chief Financial Officer

 
			
	BRANCH BANKING AND TRUST COMPANY, as Trustee
		
	By:	 	 /s/ Greg Yanok

	Name:	 	Greg Yanok
	Title:	 	Vice President

 EXHIBIT A 

[“THIS GLOBAL SECURITY IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS SECURITY) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE
HOLDERS OF BENEFICIAL INTERESTS HEREIN, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY MAKE ANY SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO THE INDENTURE, (II) THIS GLOBAL SECURITY
MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06 OF THE INDENTURE, (III) THIS GLOBAL SECURITY MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO THE INDENTURE AND (IV) THIS GLOBAL SECURITY MAY BE TRANSFERRED TO
A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY.”] 
 [“UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES
IN DEFINITIVE FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR TO ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH
NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND
ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF ANY ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT IS MADE TO SUCH ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF HAS AN INTEREST HEREIN.”] 
  

			
	No.	  	CUSIP/ISIN No.:                

 [Title of Security] 

D.R. HORTON, INC. 
 a
Delaware corporation 
 promises to pay to
                             or registered assigns the principal sum of
                         [Dollars]* on
                     
 Interest Payment Dates:
                     and                     

 Record Dates:                      and
                     

      Dated: 

 

			
	D.R. HORTON, INC.
		
	By:	 	  

		 	    Title:

 Authenticated: 
  

			
	 Branch Banking and Trust Company, as Trustee, certifies that this is one of the Securities referred to in the within mentioned
Indenture.
  

	By:	 	  

		 	Authorized Signatory

  

	*	 Or other currency. Insert corresponding provisions on reverse side of Security in respect of foreign currency
denomination or interest payment requirement. 

  
 A-1 

 D.R. HORTON, INC. 

[Title of Security] 
 D.R.
HORTON, INC., a Delaware corporation (together with its successors and assigns, the “Company”), issued this Security under an Indenture dated as of
                     (as amended, modified or supplemented from time to time in accordance therewith, the “Base Indenture”), as
supplemented by the Supplemental Indenture dated as of                      (the “Supplemental Indenture” and together with the Base
Indenture, the “Indenture”), by and among the Company, the Guarantors party thereto and Branch Banking and Trust Company, as trustee (in such capacity, the “Trustee”), to which reference is hereby made for a
statement of the respective rights, obligations, duties and immunities thereunder of the Company, the Trustee and the Holders and of the terms upon which the Securities are, and are to be, authorized and delivered. All terms used in this Security
that are defined in the Indenture shall have the meanings assigned to them therein. 
  

	1.	 Interest. 

The Company promises to pay interest on the principal amount of this Security at the rate per annum shown above. The Company will pay interest
semiannually on                              and
                     of each year, commencing
                            , until the principal is paid or made available for payment. Interest on the
Securities will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paid, from
                            , provided that, if there is no existing default in the payment of
interest, and if this Security is authenticated between a record date referred to on the face hereof and the next succeeding interest payment date, interest shall accrue from such interest payment date. 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 Securities (except defaulted interest, if any, which will be paid on such special payment date to Holders
of record on such special record date as may be fixed by the Company) to the persons who are registered Holders of Securities at the close of business on the [Insert record dates] immediately preceding the interest payment date. Holders must
surrender Securities to a Paying Agent to collect principal payments. The Company will pay principal and interest in money of the United States that at the time of payment is legal tender for payment of public and private debts. 

 

	3.	 Paying Agent and Registrar. 

Initially, the Trustee will act as Paying Agent and Registrar. The Company may change or appoint any Paying Agent, Registrar or co-Registrar without notice. The Company or any of its Subsidiaries or any of their Affiliates may act as Paying Agent, Registrar or co-Registrar. 

 

	4.	 Optional Redemption.1

The Company may redeem the Securities at any time on or after
                             , in whole or in part, at the following redemption prices (expressed as a
percentage of their principal amount) together with interest accrued and unpaid to the date fixed for redemption: 
  

			
	If redeemed during the twelve-month period commencing on and ending on in each of the following years	  	Percentage

 [Insert provisions relating to redemption at option of Holders, if any] 

 

	1 	 If applicable. 

  
 A-2 

 Notice of redemption will be mailed at least 30 days but not more than 60 days before the
redemption date to each Holder of Securities to be redeemed at its registered address. Securities in denominations larger than $2,0002 may be redeemed in part. On and after the redemption date
interest ceases to accrue on Securities or portions of them called for redemption, provided that if the Company shall default in the payment of such Securities at the redemption price together with accrued interest, interest shall continue to
accrue at the rate borne by the Securities. 
 5.    Mandatory
Redemption.3
 The Company shall redeem
[            ]% of the aggregate principal amount of Securities originally issued under the Indenture on each of
[                ], which redemptions are calculated to retire [    ]% of the Securities originally issued prior to maturity. Such redemptions shall
be made at a redemption price equal to 100% of the principal amount thereof, together with accrued interest to the redemption date. The Company may reduce the principal amount of Securities to be redeemed pursuant to this Paragraph 5 by the
principal amount of any Securities previously redeemed, retired or acquired, otherwise than pursuant to this Paragraph 5, that the Company has delivered to the Trustee for cancellation and not previously credited to the Company’s
obligations under this Paragraph 5. Each such Security shall be received and credited for such purpose by the Trustee at the redemption price and the amount of such mandatory redemption payment shall be reduced accordingly. 

6.    Denominations, Transfer, Exchange. 

The Securities are in registered form only without coupons in denominations of $2,0004 and
integral multiples of $1,000 in excess thereof.5 A Holder may transfer or exchange Securities by presentation of such Securities to the Registrar or a
co-Registrar with a request to register the transfer or to exchange them for an equal principal amount of Securities of other denominations. The Registrar may require a Holder, among other things, to furnish
appropriate endorsements and transfer documents and to pay any taxes and fees required by law or permitted by the Indenture. The Registrar need not transfer or exchange any Security selected for redemption or purchase, except the unredeemed or
unpurchased part thereof if the Security is redeemed or purchased in part, or transfer or exchange any Securities for a period of 15 days before a selection of Securities to be redeemed or purchased. 

7.    Persons Deemed Owners. 

The registered Holder of this Security shall be treated as the owner of it for all purposes. 

8.    Unclaimed Money. 

Subject to any applicable abandoned property law, the Trustee and the Paying Agent shall pay to the Company upon written request any money held
by them for the payment of principal or interest that remains unclaimed for two years, and thereafter, Holders entitled to the money must look to the Company for payment as general creditors. 

 

	2 	 Insert different or additional denominations and multiples. 

	3 	 If applicable. 

	4 	 Insert different or additional denominations and multiples. 

	5 	 Insert different or additional denominations and multiples. 

  
 A-3 

	9.	 Amendment, Supplement, Waiver. 

Subject to certain exceptions, the Indenture or the Securities may be amended or supplemented with the consent of the Holders of at least a
majority in principal amount of the outstanding Securities of each Series affected by the amendment and any past default or compliance with any provision relating to any Series of the Securities may be waived in a particular instance with the
consent of the Holders of a majority in principal amount of the outstanding Securities of such Series.6 Without the consent of any Securityholder, the Company and the Trustee may amend or
supplement the Indenture or the Securities in certain respects as specified in the Indenture. 
  

	10.	 Successor. 

When a successor assumes all the obligations of its predecessor under a Series of the Securities and the Indenture, the predecessor will be
released from those obligations. 
  

	11.	 Trustee Dealings With Company. 

Subject to certain limitations imposed by the TIA, the Trustee under the Indenture, 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 Trustee, including owning or pledging the Securities. 

 

	12.	 No Recourse Against Others. 

A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company under the
Securities 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 Security waives and releases all such liability. The waiver and release are part of the
consideration for the issue of the Securities. The waiver may not be effective to waive liabilities under the federal securities laws. 
  

	13.	 Discharge of Indenture. 

The Indenture contains certain provisions pertaining to defeasance and discharge, which provisions shall for all purposes have the same effect
as if set forth herein. 
  

	14.	 Authentication. 

This Security shall not be valid until an authorized signatory of the Trustee signs the certificate of authentication on this Security. 

 

	15.	 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 Gift to Minors Act). 
  

	16.	 GOVERNING LAW. 

THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

 

	6 	 If different terms apply, insert a brief summary thereof. 

  
 A-4 

	17.	 CUSIP and ISIN Numbers. 

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

	18.	 Copies. 

The Company will furnish to any Holder upon written request and without charge a copy of the Indenture and the applicable Authorizing
Resolution or supplemental indenture. Requests may be made to: D.R. Horton, Inc., 1341 Horton Circle, Arlington, Texas 76011, Attention: Chief Financial Officer. 

  
 A-5 

 ASSIGNMENT FORM 

If you the Holder want to assign this Security, fill in the form below: 
  

	
	I or we assign and transfer this Security to
	
	                                   
                                         
                
	(Insert assignee’s social security or tax ID number)
	
	                                   
                                         
                
	
	                                   
                                         
                
	
	                                   
                                         
                
	
	                                   
                                         
                
	(Print or type assignee’s name, address, and zip code)

 and irrevocably appoint 
  

 
 agent to transfer this Security on the books of the
Company. The agent may substitute another to act for him. 
 Date:
                     
 Your
signature:                                       
                                         
                                         
                                         
                           

                     
                                         
  (Sign exactly as your name appears on the other side of this Security) 

Signature Guarantee:                     
                                         
                                         
                                         
                                     

Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements
include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all
in accordance with the United States Securities Exchange Act of 1934, as amended. 

  
 A-6 

 [FORM OF NOTATION ON SECURITY OF GUARANTEE] 

GUARANTEE 
 The
undersigned (the “Guarantors”) have unconditionally guaranteed, jointly and severally (such guarantee by each Guarantor being referred to herein as the “Guarantee”) (i) the due and punctual payment of the principal
of and interest on this Security, whether at maturity, by acceleration or otherwise, the due and punctual payment of interest on the overdue principal and interest, if any, on this Security, to the extent lawful, and the due and punctual performance
of all other obligations of the Company to the Holders or the Trustee all in accordance with the terms set forth in Article Nine of the Indenture and (ii) in case of any extension of time of payment or renewal of this Security or any of
such other obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. 

No past, present or future stockholder, officer, director, employee, incorporator, partner, member or manager, as such, of any of the
Guarantors shall have any liability under the Guarantee by reason of such person’s status as stockholder, officer, director, employee, incorporator, partner, member or manager. Each Holder of a Security by accepting a Security waives and
releases all such liability. This waiver and release are part of the consideration for the issuance of the Guarantees. 
 Each Holder of
this Security by accepting this Security agrees that any Guarantor named below shall have no further liability with respect to its Guarantee if such Guarantor otherwise ceases to be liable in respect of its Guarantee in accordance with the terms of
the Indenture. 
 THE GUARANTEE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

The Guarantee shall not be valid or obligatory for any purpose until the certificate of authentication on the Securities upon which the
Guarantee is noted shall have been executed by the Trustee under the Indenture by the manual signature of one of its authorized officers. 
  

			
	[List of Guarantors]
		
	By:	 	  

		 	    Title:

  
 A-7EX-4.2

 Exhibit 4.2 

EXECUTION VERSION 
  

 
  

D.R. HORTON, INC. AND THE GUARANTORS PARTY HERETO 

2.500% Senior Notes due 2024 
  

 
 Supplemental
Indenture 
 Dated as of October 10, 2019 
  

 
 BRANCH
BANKING AND TRUST COMPANY, 
 as Trustee 
  

 
  

 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
		 	ARTICLE ONE	  			
			
		 	SCOPE OF SUPPLEMENTAL INDENTURE	  			
	 Section 1.01.
	 	General	  	 	1	 
	 Section 1.02.
	 	Specified Modifications in Respect of the Notes	  	 	2	 
			
		 	ARTICLE TWO	  			
			
		 	CERTAIN DEFINITIONS	  			
			
		 	ARTICLE THREE	  			
			
		 	COVENANTS	  			
			
	 Section 3.01.
	 	Limitations on Secured Debt	  	 	11	 
	 Section 3.02.
	 	Restrictions on Sale and Leaseback Transactions	  	 	12	 
	 Section 3.03.
	 	Offer to Purchase upon Change of Control Triggering Event	  	 	12	 
			
		 	ARTICLE FOUR	  			
			
		 	MISCELLANEOUS	  			
			
	 Section 4.01.
	 	Governing Law	  	 	14	 
	 Section 4.02.
	 	No Adverse Interpretation of Other Agreements	  	 	14	 
	 Section 4.03.
	 	No Recourse Against Others	  	 	14	 
	 Section 4.04.
	 	Successors and Assigns	  	 	14	 
	 Section 4.05.
	 	Duplicate Originals	  	 	14	 
	 Section 4.06.
	 	Severability	  	 	14	 

  

			
	Exhibit A	  	Form of Security
	Exhibit B	  	Form of Notification Security of Guarantee

  

  
 -i- 

 First Supplemental Indenture dated as of October 10, 2019 (“Supplemental
Indenture”), by and among D.R. Horton, Inc., a Delaware corporation (the “Company”), each of the subsidiaries of the Company that are signatories hereto as the initial guarantors (the “Initial Guarantors”)
and Branch Banking and Trust Company, as the trustee (including any successor replacing such person in accordance with the applicable provisions of the Indenture, the “Trustee”), to the Indenture dated as of the date hereof, by and
between the Company and the Trustee (as amended, modified or supplemented from time to time in accordance therewith, the “Base Indenture”). 

Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of Notes (each as defined
herein): 
 WHEREAS, the Company and the Trustee have duly authorized the execution and delivery of the Base Indenture to provide for the
issuance from time to time of senior debt securities (the “Securities”) to be issued in one or more Series as in the Base Indenture provided; 

WHEREAS, the Company and the Initial Guarantors desire and have requested the Trustee to join them in the execution and delivery of this
Supplemental Indenture in order to establish and provide for the issuance by the Company of a Series of Securities designated as its 2.500% Senior Notes due 2024, substantially in the form attached hereto as Exhibit A (including any
Additional Notes, as defined below, the “Notes”), initially guaranteed by the Initial Guarantors, on the terms set forth herein; 

WHEREAS, Section 2.01 of the Base Indenture provides that a supplemental indenture may be entered into by the Company, the Initial
Guarantors and the Trustee for such Notes, provided certain conditions are met; 
 WHEREAS, the conditions set forth in the Base Indenture
for the execution and delivery of this Supplemental Indenture have been complied with; and 
 WHEREAS, all things necessary to make this
Supplemental Indenture a valid agreement of the Company, the Initial Guarantors and the Trustee, in accordance with its terms, and a valid amendment of, and supplement to, the Base Indenture have been done; 

NOW, THEREFORE: 
 In
consideration of the premises and the purchase and acceptance of the Notes by the Holders thereof the Company and the Initial Guarantors mutually covenant and agree with the Trustee, for the equal and ratable benefit of the Holders, that the Base
Indenture is supplemented and amended, to the extent expressed herein, as follows: 
 ARTICLE ONE 

Scope of Supplemental Indenture 

Section 1.01. General. 
 The
changes, modifications and supplements to the Base Indenture effected by this Supplemental Indenture shall be applicable only with respect to, and govern the terms of, the Notes and shall not apply to any other Securities that may have been or may
hereafter be issued under the Base Indenture unless a supplemental indenture with respect to such other Securities specifically incorporates such changes, modifications and supplements. 

 

 Pursuant to this Supplemental Indenture, there is hereby created and designated the Notes as
a Series of Securities under the Base Indenture entitled “2.500% Senior Notes due 2024.” The Notes shall be substantially in the form of Exhibit A hereto and will mature and bear interest as provided in such form and have the other
terms and conditions set forth therein, this Supplemental Indenture and the Base Indenture (to the extent not superseded hereby). The Company shall pay interest on overdue principal at 2.500% per annum; it shall pay interest on overdue installments
of interest at 2.500% per annum. The Notes shall be guaranteed by the Guarantors as provided in the form of Exhibit B hereto. The Trustee will initially be the Registrar and Paying Agent for the Notes, and DTC will initially be the Depositary
for the Notes. The covenants provided in Article Three of this Supplemental Indenture are applicable (unless waived or amended as provided in the Base Indenture) so long as the Notes are outstanding or until defeasance or other discharge
pursuant to the Base Indenture. An aggregate principal amount of $500,000,000 of Notes will be issued on the Issue Date. Additional Notes (the “Additional Notes”) in an unlimited amount may be issued in one or more issuances from
time to time on the same terms and conditions, except for issue date, and if applicable, the issue price and the first interest payment, either of which may differ from the respective terms of the previously issued Notes of same Series, and with the
same CUSIP numbers as the Notes offered hereby (to the extent permissible under applicable law) without the consent of Holders of the Notes, except that if any Additional Notes are not fungible with the Notes issued on the Issue Date for U.S.
federal income tax purposes, such Additional Notes will have a separate CUSIP number. The Notes initially issued hereunder and any such Additional Notes shall vote on all matters, and otherwise be treated as, a single Series for all purposes under
the Indenture. 
 Section 1.02. Specified Modifications in Respect of the Notes. 

(1) Article Six of the Base Indenture shall apply in respect of the Notes; provided that with respect to clause (3) under the first
paragraph and the second paragraph of Section 6.01 of the Base Indenture, Section 3.03 hereof shall be deemed such specified provision which breach thereof shall constitute, together with Article Five of the Base Indenture, an Event of
Default with notice but without passage of time. 
 (2) Section 7.05 of the Base Indenture shall apply in respect of the Notes;
provided that the Trustee shall not have any discretion to withhold any notice of the Default with respect to any breach of Section 3.03 hereof, irrespective of any determination that withholding of such notice is in the interest of the
Holders of the Notes. 
 (3) Article Ten of the Base Indenture shall apply in respect of the Notes; provided that, notwithstanding
anything to the contrary in the Base Indenture and this Supplemental Indenture, any amendment or waiver of Section 3.03 hereof (prior to the occurrence of a Change of Control Triggering Event) will require consent of Holders of a majority of
the outstanding principal amount of Notes. 
 ARTICLE TWO 

Certain Definitions 
 The
following terms have the meanings set forth below in this Supplemental Indenture. Capitalized terms used but not defined herein have the meanings ascribed to such terms in the Base Indenture. To the extent terms defined herein differ from the Base
Indenture the terms defined herein will govern. 

  
 -2- 

 “Attributable Debt” means, in respect of a Sale and Leaseback Transaction,
the present value (discounted at the weighted average effective interest cost per annum of the outstanding debt of the Company, compounded semiannually) of the obligation of the lessee for rental payments during the remaining term of the lease
included in such transaction, including any period for which such lease has been extended or may, at the option of the lessor, be extended or, if earlier, until the earliest date on which the lessee may terminate such lease upon payment of a penalty
(in which case the obligation of the lessee for rental payments shall include such penalty), after excluding all amounts required to be paid on account of maintenance and repairs, insurance, taxes, assessments, water and utility rates and similar
charges. 
 “Change of Control” means: 

(1) any sale, lease or other transfer (in one transaction or a series of transactions) of all or substantially all of the
consolidated assets of the Company and its Subsidiaries to any Person (other than a Subsidiary of the Company); provided, however, that a transaction where the holders of all classes of Voting Stock of the Company immediately prior to
such transaction own, directly or indirectly, Voting Stock representing more than 50% of the voting power of all Voting Stock of such Person immediately after such transaction shall not be a Change of Control; 

(2) a “person” or “group” (within the meaning of Section 13(d) of the Exchange Act (other than
(x) the Company or (y) Donald R. Horton, Terrill J. Horton, or their respective wives, children, grandchildren and other descendants, or any trust or other entity formed or controlled by any of such individuals (each an “Excluded
Person”))) publicly discloses, including, without limitation, by filing a Schedule 13D or Schedule TO, or the Company or any of its Subsidiaries publicly discloses, including without limitation, by filing any other schedule, form or report
under the Exchange Act (including, without limitation, a Current Report on Form 8-K), facts indicating that such person or group has become the ultimate “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act) of Voting Stock of the Company representing more than 50% of the voting power of the Voting Stock of the Company; or 

(3) the stockholders of the Company approve any plan or proposal for the liquidation or dissolution of the Company;
provided, however, that a liquidation or dissolution of the Company that is part of a transaction that does not constitute a Change of Control under the proviso contained in clause (1) above shall not constitute a Change of
Control. 
 Any person or group whose acquisition of beneficial ownership constitutes a Change of Control under clause (2) of the
foregoing definition in respect of which a Change of Control Offer is made in accordance with the requirements of the Indenture will thereafter, together with its Affiliates, constitute an additional Excluded Person. 

“Change of Control Triggering Event” means the occurrence of both a Change of Control and a Ratings Downgrade Event. 

“Comparable Treasury Issue” means the United States Treasury security selected by at least two Reference Treasury Dealers as
having a maturity comparable to the remaining term (the “Remaining Life”) of the Notes to be redeemed calculated as if the maturity date of such Notes was the Par Call Date, that would be utilized, at the time of selection and in
accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the Remaining Life of the Notes. 

  
 -3- 

 “Comparable Treasury Price” means, with respect to any redemption date,
(a) the average of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) on the third business day preceding such redemption date, as set forth in the daily statistical
release (or any successor release) published by the Federal Reserve Bank of New York and designated “Composite 3:30 p.m. Quotations for U.S. Government Securities” or (b) if such release (or any successor release) is not published or
does not contain such price on such business day, (i) the average of the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the
Trustee obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations. 
 “Consolidated
Adjusted Tangible Assets” of the Company as of any date means the Consolidated Tangible Assets of the Company and the Guarantors at the end of the fiscal quarter immediately preceding such date less (a) the book value of any assets
securing any Non-Recourse Indebtedness, and (b) all short term liabilities of the Company and the Guarantors, except for liabilities payable by their terms more than one year from the date of
determination (or renewable or extendible at the option of the obligor to a maturity date more than one year after such date) and liabilities in respect of retiree benefits other than persons for which the Company or the Guarantors are required to
accrue pursuant to Accounting Standards Codification 715-60 (or any successor provision), in each case as determined in accordance with GAAP. 

“Consolidated Tangible Assets” of the Company as of any date means the book value of the total assets of the Company and the
Guarantors (less applicable reserves) on a consolidated basis at the end of the fiscal quarter immediately preceding such date, less: (1) Intangible Assets and (2) appropriate adjustments on account of minority interests of other Persons
holding equity investments in Guarantors, in each case as determined in accordance with GAAP. 
 “Fitch” means Fitch
Ratings. 
 “GAAP” means generally accepted accounting principles set forth in the accounting standards codification of the
Financial Accounting Standards Board or in such other statements by such or any other entity as may be approved by a significant segment of the accounting profession of the United States, as in effect on the Issue Date. 

“Guarantors” means (i) initially, each of: 

C. Richard Dobson Builders, Inc., a Virginia corporation; 

CH Investments of Texas, Inc., a Delaware corporation; 

CHI Construction Company, an Arizona corporation; 

CHTEX of Texas, Inc., a Delaware corporation; 

Continental Homes, Inc., a Delaware corporation; 

Continental Homes of Texas, L.P., a Texas limited partnership; 

Continental Residential, Inc., a California corporation; 

D.R. Horton - CHAustin, LLC, a Delaware limited liability company; 

D.R. Horton - Colorado, LLC, a Delaware limited liability company; 

D.R. Horton - Crown, LLC, a Delaware limited liability company; 

D.R. Horton - Emerald, Ltd., a Texas limited partnership; 

D.R. Horton - Georgia, LLC, a Delaware limited liability company; 

D.R. Horton - Highland, LLC, a Delaware limited liability company; 

D.R. Horton - Indiana, LLC, a Delaware limited liability company; 

  
 -4- 

 D.R. Horton - Iowa, LLC, a Delaware limited liability company; 

D.R. Horton - Permian, LLC, a Delaware limited liability company; 

D.R. Horton - Regent, LLC, a Delaware limited liability company; 

D.R. Horton - Schuler Homes, LLC, a Delaware limited liability company; 

D.R. Horton - Terramor, LLC, a Delaware limited liability company; 

D.R. Horton - Texas, Ltd., a Texas limited partnership; 

D.R. Horton - WPH, LLC, a Delaware limited liability company; 

D.R. Horton, Inc. - Birmingham, an Alabama corporation; 

D.R. Horton, Inc. -Chicago, a Delaware corporation; 

D.R. Horton, Inc. - Dietz-Crane, a Delaware corporation; 

D.R. Horton, Inc. - Greensboro, a Delaware corporation; 

D.R. Horton, Inc. - Gulf Coast, a Delaware corporation; 

D.R. Horton, Inc. - Huntsville, a Delaware corporation; 

D.R. Horton, Inc. - Jacksonville, a Delaware corporation; 

D.R. Horton, Inc. - Louisville, a Delaware corporation; 

D.R. Horton, Inc. - Midwest, a California corporation; 

D.R. Horton, Inc. - Minnesota, a Delaware corporation; 

D.R. Horton, Inc. - New Jersey, a Delaware corporation; 

D.R. Horton, Inc. - Portland, a Delaware corporation; 

D.R. Horton, Inc. - Torrey, a Delaware corporation; 

D.R. Horton BAY, Inc., a Delaware corporation; 

D.R. Horton CA2, Inc., a California corporation; 

D.R. Horton CA3, Inc., a Delaware corporation; 

D.R. Horton CA4, LLC, a Delaware limited liability company; 

D.R. Horton Cruces Construction, Inc., a Delaware corporation; 

D.R. Horton LA North, Inc., a Delaware corporation; 

D.R. Horton Los Angeles Holding Company, Inc., a California corporation; 

D. R. Horton Management Company, Ltd., a Texas limited partnership; 

D.R. Horton Materials, Inc., a Delaware corporation; 

D.R. Horton Serenity Construction, LLC, a Delaware limited liability company; 

D.R. Horton VEN Inc., a California corporation; 

DRH Cambridge Homes, LLC, a Delaware limited liability company; 

DRH Construction, Inc., a Delaware corporation; 

DRH - HWY 114, LLC, a Delaware limited liability company; 

DRH Regrem VII, LP, a Texas limited partnership; 

DRH Regrem XII, LP, a Texas limited partnership; 

DRH Regrem XIV, Inc., a Delaware corporation; 

DRH Regrem XV, Inc., a Delaware corporation; 

DRH Regrem XVI, Inc., a Delaware corporation; 

DRH Regrem XVII, Inc., a Delaware corporation; 

DRH Regrem XVIII, Inc., a Delaware corporation; 

DRH Regrem XIX, Inc., a Delaware corporation; 

DRH Regrem XX, Inc., a Delaware corporation; 

DRH Regrem XXI, Inc., a Delaware corporation; 

DRH Regrem XXII, Inc., a Delaware corporation; 

DRH Regrem XXIII, Inc., a Delaware corporation; 

DRH Regrem XXIV, Inc., a Delaware corporation; 

DRH Regrem XLII, LLC, a Delaware limited liability company; 

DRH Regrem XLIII, LLC, a Delaware limited liability company; 

  
 -5- 

 DRH Regrem XLIV, LLC, a Delaware limited liability company; 

DRH Regrem XLV, LLC, a Delaware limited liability company; 

DRH Regrem XLVI, LLC, a Delaware limited liability company; 

DRH Regrem XLVII, LLC, a Delaware limited liability company; 

DRH Regrem XLVIII, LLC, a Delaware limited liability company; 

DRH Regrem XLIX, LLC, a Delaware limited liability company; 

DRH Regrem L, LLC, a Delaware limited liability company; 

DRH Regrem LI, LLC, a Delaware limited liability company; 

DRH Regrem LII, LLC, a Delaware limited liability company; 

DRH Regrem LIII, LLC, a Delaware limited liability company; 

DRH Regrem LIV, LLC, a Delaware limited liability company; 

DRH Regrem LV, LLC, a Delaware limited liability company; 

DRH Regrem XXV, Inc., a Delaware corporation; 

DRH Southwest Construction, Inc., a California corporation; 

DRH Tucson Construction, Inc., a Delaware corporation; 

HPH Homebuilders 2000 L.P., a California limited partnership; 

KDB Homes, Inc., a Delaware corporation; 

Lexington Homes - DRH, LLC, a Delaware limited liability company; 

Meadows I, Ltd., a Delaware corporation; 

Meadows II, Ltd., a Delaware corporation; 

Meadows VIII, Ltd., a Delaware corporation; 

Meadows IX, Inc., a New Jersey corporation; 

Meadows X, Inc., a New Jersey corporation; 

Melody Homes, Inc., a Delaware corporation; 

Pacific Ridge - DRH, LLC, a Delaware limited liability company; 

Schuler Homes of Arizona LLC, a Delaware limited liability company; 

Schuler Homes of California, Inc., a California corporation; 

Schuler Homes of Oregon, Inc., an Oregon corporation; 

Schuler Homes of Washington, Inc., a Washington corporation; 

SGS Communities at Grande Quay L.L.C., a New Jersey limited liability company; 

SHA Construction LLC, a Delaware limited liability company; 

SHLR of California, Inc., a California corporation; 

SHLR of Nevada, Inc., a Nevada corporation; 

SHLR of Washington, Inc., a Washington corporation; 

SRHI LLC, a Delaware limited liability company; 

SSHI LLC, a Delaware limited liability company; 

Vertical Construction Corporation, a Delaware corporation; 

Walker Drive, LLC, a Delaware limited liability company; 

Western Pacific Housing-Antigua, LLC, a Delaware limited liability company; 

Western Pacific Housing-Broadway, LLC, a Delaware limited liability company; 

Western Pacific Housing-Canyon Park, LLC, a Delaware limited liability company; 

Western Pacific Housing-Carrillo, LLC, a Delaware limited liability company; 

Western Pacific Housing-Communications Hill, LLC, a Delaware limited liability company; 

Western Pacific Housing-Copper Canyon, LLC, a Delaware limited liability company; 

Western Pacific Housing-Creekside, LLC, a Delaware limited liability company; 

Western Pacific Housing-Lomas Verdes, LLC, a Delaware limited liability company; 

Western Pacific Housing-McGonigle Canyon, LLC, a Delaware limited liability company; 

  
 -6- 

 Western Pacific Housing-Mountaingate, L.P., a California limited
partnership; 
 Western Pacific Housing-Norco Estates, LLC, a Delaware limited liability company; 

Western Pacific Housing-Pacific Park II, LLC, a Delaware limited liability company; 

Western Pacific Housing-Park Avenue East, LLC, a Delaware limited liability company; 

Western Pacific Housing-Park Avenue West, LLC, a Delaware limited liability company; 

Western Pacific Housing-Playa Vista, LLC, a Delaware limited liability company; 

Western Pacific Housing-River Ridge, LLC, a Delaware limited liability company; 

Western Pacific Housing-Terra Bay Duets, LLC, a Delaware limited liability company; 

Western Pacific Housing-Torrey Meadows, LLC, a Delaware limited liability company; 

Western Pacific Housing-Torrey Village Center, LLC, a Delaware limited liability company; 

Western Pacific Housing-Windemere, LLC, a Delaware limited liability company; 

Western Pacific Housing, Inc., a Delaware corporation; 

Western Pacific Housing Management, Inc., a California corporation; and 

WPH-Camino Ruiz, LLC, a Delaware limited liability company; 

and (ii) each of the Company’s Subsidiaries that becomes a guarantor of the Notes pursuant to the provisions of the Indenture, in each case until
subsequently released from its Guarantee pursuant to the provisions of the Indenture. 
 “Intangible Assets” means with
respect to the Notes, all unamortized debt discount and expense, unamortized deferred charges, goodwill, patents, trademarks, service marks, trade names, copyrights, write-ups of assets over their prior
carrying value (other than write-ups which occurred prior to the Issue Date and other than, in connection with the acquisition of an asset, the write-up of the value of
such asset (within one year of its acquisition) to its fair market value in accordance with GAAP) and all other items which would be treated as intangibles on the consolidated balance sheet of the Company and the Guarantors prepared in accordance
with GAAP. 
 “Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under any successor
rating categories of Moody’s); a rating of BBB- or better by Fitch (or its equivalent under any successor rating categories of Fitch); a rating of BBB- or better by
S&P (or its equivalent under any successor rating categories of S&P); and the equivalent investment grade credit rating from any replacement Rating Agency or Rating Agencies selected by the Company. 

“Issue Date” means October 10, 2019, the date on which the Notes are originally issued under this Supplemental
Indenture. 
 “Moody’s” means Moody’s Investors Service, Inc. 

“Non-Guarantor Subsidiary” means any Subsidiary that is not a Guarantor. 

“Permitted Liens” means any Lien: 

(1) incurred or deposits made to secure the performance of tenders, bids, leases, statutory obligations, surety and appeal
bonds, development obligations, progress payments, government contracts, utility services, developer’s or other obligations to make on-site or off-site improvements
and other obligations of like nature (exclusive of obligations for the payment of borrowed money but including the items referred to in the parenthetical in clause (i)(a) of the definition of “Indebtedness”), in each case incurred in the
ordinary course of business of the Company and the Guarantors, 

  
 -7- 

 (2) constituting attachment or judgment liens, 

(3) securing Non-Recourse Indebtedness of the Company or any Guarantor; provided
that it applies only to the Property financed out of the net proceeds of such Non-Recourse Indebtedness (and any accessions thereto and proceeds thereof), 

(4) securing Purchase Money Indebtedness; provided that it applies only to the Property acquired, constructed or
improved with the proceeds of such Purchase Money Indebtedness (and any accessions thereto and proceeds thereof), 
 (5)
constituting purchase money Liens (including Capitalized Lease Obligations); provided that it applies only to the Property acquired (and any accessions thereto and proceeds thereof) and the related Indebtedness is incurred within 180 days
after the acquisition of such Property, 
 (6) constituting the right of a lender or lenders to which the Company or a
Guarantor may be indebted to offset against, or appropriate and apply to the payment of such, Indebtedness any and all balances, credits, deposits, accounts or money of the Company or a Guarantor with or held by such lender or lenders or its
affiliates, 
 (7) constituting the pledge or deposit of cash or other Property in conjunction with obtaining surety,
performance, completion or payment bonds and letters of credit or other similar instruments or providing earnest money obligations, escrows or similar purpose undertakings or indemnifications in the ordinary course of business of the Company and the
Guarantors, 
 (8) incurred in connection with pollution control, industrial revenue, water, sewage or other public
improvement bonds or any similar bonds, 
 (9) statutory Liens of landlords and carriers’, warehousemen’s,
mechanics’, suppliers’, materialmen’s, repairmen’s or other Liens imposed by law and arising in the ordinary course of business, 

(10) leases or subleases granted to others not materially interfering with the ordinary course of business of the Company and
the Guarantors taken as a whole, 
 (11) Liens securing community development district bonds or similar bonds issued by any
governmental authority to accomplish similar purposes, 
 (12) Liens on assets and properties of joint ventures or limited
partnerships that are not wholly-owned Subsidiaries of the Company or any of the Guarantors, and 
 (13) Liens securing the
Company’s or the Guarantors’ obligations to third parties, in connection with joint development agreements with such third parties, to perform and/or pay for or reimburse the costs of construction and/or development related to or
benefiting Company’s or the Guarantors’ Property and Property belonging to such third parties. 

  
 -8- 

 “Purchase Money Indebtedness” means Indebtedness of the Company or any
Guarantor incurred for the purpose of financing all or any part of the purchase price, or the cost of construction or improvement, of any Property to be used in the ordinary course of business by the Company and the Guarantors; provided,
however, that (1) the aggregate principal amount of such Indebtedness shall not exceed such purchase price or cost and (2) such Indebtedness shall be incurred no later than 180 days after the acquisition of such Property or
completion of such construction or improvement. 
 “Rating Agency” means (1) each of Moody’s, Fitch and S&P;
or (2) if any of Moody’s, Fitch or S&P ceases to rate the Notes or fails to make a rating of the Notes publicly available (for reasons outside of the Company’s control), a “nationally recognized statistical rating
organization” as defined under Section 3(a)(62) of the Exchange Act selected by the Company (as certified by a resolution of the Company’s Board of Directors) as a replacement Rating Agency for Moody’s, Fitch or S&P, or all
three, as the case may be. 
 “Ratings Downgrade Event” means the rating on the Notes is lowered independently by each of
the Rating Agencies and the Notes are rated below Investment Grade by all three Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of a Change of Control (which period shall be extended so long as the rating of the Notes is under publicly announced consideration for possible downgrade by
any of the Rating Agencies); provided that a Ratings Downgrade Event otherwise arising by virtue of a particular reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus shall not be
deemed a Ratings Downgrade Event for purposes of the definition of Change of Control Triggering Event) if the Rating Agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform
the Trustee in writing at the Company’s request that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether or not the
applicable Change of Control shall have occurred at the time of the Ratings Downgrade Event). 
 “Reference Treasury Dealer
Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Trustee, 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 Trustee by such Reference Treasury Dealer at 5:00 p.m. on the third business day preceding such redemption date. 

“Reference Treasury Dealers” means (a) J.P. Morgan Securities LLC, Mizuho Securities (USA) LLC and Wells Fargo
Securities, LLC (or any of their respective affiliates which are Primary Treasury Dealers), and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer
in the United States of America (a “Primary Treasury Dealer”), the Company will substitute therefor another Primary Treasury Dealer, and (b) any other Primary Treasury Dealer(s) selected by the Company. 

“Remaining Scheduled Payments” means, with respect to any Note, the remaining scheduled payments of the principal thereof to
be redeemed and interest thereon that would be due after the related redemption date but for such redemption; provided, however, that if such redemption date is not an Interest Payment Date (as defined in such Note) with respect to
such Note, the amount of the next succeeding scheduled interest payment thereon will be reduced by the amount of interest accrued thereon to the date of such redemption. 

  
 -9- 

 “Revolving Credit Facility” means the revolving credit facility entered
into by the Company pursuant to that certain Credit Agreement dated as of September 7, 2012, as amended prior to the Issue Date and as may be further amended or modified from time to time, by and among the Company, Mizuho Bank LTD. (as
successor in interest to The Royal Bank of Scotland plc), as administrative agent, and the lenders and other parties thereto. 

“S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc. 

“Sale and Leaseback Transaction” means a sale or transfer made by the Company or a Guarantor of any Property which is either
(a) a manufacturing facility, project club house, amenity center and common area, office building, warehouse or distribution facility whose book value equals or exceeds 1% of Consolidated Adjusted Tangible Assets as of the date of determination
or (b) another Property which exceeds 5% of Consolidated Adjusted Tangible Assets as of the date of determination, if such sale or transfer is made with the agreement, commitment or intention of leasing such Property to the Company or a
Guarantor, provided that “Sale and Leaseback Transaction” shall not include (1) a sale-leaseback transaction relating to a Property entered into within 180 days after the later of (i) the date of acquisition of such
Property by the Company or a Guarantor and (ii) the date of the completion of construction or commencement of full operations on such Property, whichever is later, (2) a sale-leaseback transaction which has a lease of no more than three
years in length or (3) a sale or transfer made to the Company or another Guarantor. 
 “Secured Debt” means any
Indebtedness of the Company or any Guarantor which is secured by (a) a Lien in any Property of the Company or a Guarantor (other than property excluded in clause (b)) or (b) a Lien on Capital Stock owned directly or indirectly by the
Company or a Guarantor in a corporation or other entity (other than a Non-Guarantor Subsidiary) or in the rights of the Company or a Guarantor in respect of Indebtedness of a corporation or other entity (other
than a Non-Guarantor Subsidiary) in which the Company or a Guarantor owns Capital Stock. The securing in the foregoing manner of any such Indebtedness which immediately prior thereto was not Secured Debt shall
be deemed to be the creation of Secured Debt at the time security is given. For the avoidance of doubt, cash collateralized letters of credit issued under the Revolving Credit Facility shall not constitute Secured Debt. 

“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. 

“Voting Stock” of any specified “person” (as that term is used in Section 13(d)(3) of the Exchange Act) as of
any date means the capital stock of such person that is at the time entitled to vote generally in the election of the board of directors of such person. 

  
 -10- 

 ARTICLE THREE 

Covenants 
 Section 3.01.
Limitations on Secured Debt. 
 The Company will not, and will not cause or permit any Guarantor to, create, incur, assume or
guarantee any Secured Debt unless the Notes are secured equally and ratably with (or prior to) such Secured Debt, provided that the foregoing does not prohibit the creation, incurrence, assumption or guarantee of: 

(1) Secured Debt which is secured by Liens on model homes, homes held for sale, homes that are under construction or under contract for sale,
contracts for the sale of homes, land (improved or unimproved), contracts for the sale of land, project club houses, amenity centers and common areas, manufacturing plants, warehouses, distribution facilities or office buildings, and fixtures and
equipment located at or on any of the foregoing or leasehold or other interests in any of the foregoing; 
 (2) Secured Debt which is secured
by a Lien on Property at the time of its acquisition by the Company or a Guarantor, which Lien secures obligations assumed by the Company or a Guarantor, or on the Property of a corporation or other entity at the time it is merged into or
consolidated with the Company or a Guarantor or becomes a Guarantor as a result of the acquisition of its Capital Stock by the Company or a Guarantor (other than Secured Debt created in contemplation of the acquisition of such Property or the
consummation of such a merger or consolidation or acquisition where the Lien attaches to or affects the Property of the Company or a Guarantor prior to such transaction); 

(3) Secured Debt which is secured by Liens arising from conditional sales agreements or title retention agreements with respect to Property
acquired by the Company or a Guarantor; 
 (4) Secured Debt which is secured by Liens securing Indebtedness of a Guarantor owing to the
Company or to another Guarantor; 
 (5) Indebtedness secured by a Permitted Lien; and 

(6) any amendment, restatement, supplement, renewal, replacement, extension, refinancing or refunding, in whole or in part (“Refinanced
Debt”), of Secured Debt that was permitted to be created, incurred, assumed or guaranteed pursuant to clauses (1) through (5) above at the time of the original creation, incurrence, assumption or guarantee thereof, or by this clause
(6), provided in each case that the principal amount of the Refinanced Debt does not exceed the principal amount of the Secured Debt being refinanced, extended, renewed or replaced (plus accrued interest thereon and expenses of refinancing,
extension, renewal or replacement) and such Refinanced Debt is not secured by any additional Properties of the Company or any Guarantor (other than accessions and proceeds). 

In addition, the Company and the Guarantors may create, incur, assume or guarantee Secured Debt, without equally or ratably (or on a senior
basis) securing the Notes, if immediately thereafter the sum of (1) the aggregate principal amount (or the accreted value thereof, in the case of any Secured Debt issued with original issue discount) of all Secured Debt outstanding (excluding
Secured Debt permitted under clauses (1) through (6) above and any Secured Debt in relation to which the Notes have been secured equally and ratably (or on a senior basis)) and (2) all Attributable Debt in respect of Sale and Leaseback
Transactions (excluding Attributable Debt in respect of Sale and Leaseback Transactions satisfying the conditions set forth in clauses (1) and (2) and if the 365 day period referenced therein shall have expired, also clause (3) under
Section 3.02) as of the date of determination would not exceed 20% of Consolidated Adjusted Tangible Assets. 

  
 -11- 

 Section 3.02. Restrictions on Sale and Leaseback Transactions. 

The Company will not, and will not cause or permit any Guarantor to, enter into any Sale and Leaseback Transaction, unless: 

(1) notice is promptly given to the Trustee of the Sale and Leaseback Transaction; 

(2) fair value is received by the Company or a Guarantor for the Property sold (as determined in good faith pursuant to a resolution of the
Board of Directors delivered to the Trustee); and 
 (3) the Company or a Guarantor, within 365 days after the completion of the Sale and
Leaseback Transaction, applies an amount equal to the net proceeds therefrom either: 
 (A) to the redemption, repayment or
retirement of (a) the Notes or the Securities of any other Series under the Base Indenture (other than a Series that, pursuant to the applicable supplemental indenture or Authorizing Resolution, does not have the benefit of this Section or its
equivalent), including the cancellation by the Trustee of any Securities of any such Series delivered by the Company to the Trustee, or (b) any other Indebtedness of the Company or any Guarantor (other than Indebtedness which by its terms or
the terms of the instrument by which it was issued is subordinate in right of payment to the Notes or any such other Series), or 

(B) to the purchase by the Company or a Guarantor of Property substantially similar to the Property sold or transferred. 

Without regard to the foregoing, the Company and the Guarantors may enter into a Sale and Leaseback Transaction if immediately thereafter the
sum of (1) the aggregate principal amount of all Secured Debt outstanding (excluding Secured Debt permitted under clauses (1) through (6) of the first paragraph of Section 3.01 above or Secured Debt in relation to which the Notes have
been secured equally and ratably (or on a senior basis)) and (2) all Attributable Debt in respect of Sale and Leaseback Transactions (excluding Attributable Debt in respect of Sale and Leaseback Transactions satisfying the conditions set forth
in clauses (1) and (2) and if the 365 day period referenced therein shall have expired, also clause (3) above) as of the date of determination would not exceed 20% of Consolidated Adjusted Tangible Assets. 

Section 3.03. Offer to Purchase upon Change of Control Triggering Event. 

(1) In the event that there shall occur a Change of Control Triggering Event, except as otherwise provided in Section 3.03(6) hereof, the
Company shall make an offer to each Holder of the Notes (the “Change of Control Offer”) to purchase all or any part of such Holder’s Notes at 101% of the principal amount thereof plus accrued and unpaid interest to the date of
purchase (the “Change of Control Purchase Price”) in accordance with the procedures set forth in this Section 3.03. 

  
 -12- 

 (2) On or before the thirtieth day after any Change of Control Triggering Event, or, at the
Company’s option, prior to any Change of Control, but after the public announcement of the Change of Control, the Company shall be obligated to make the Change of Control Offer by mailing, or causing to be mailed, to all Holders of Notes, with
a copy to the Trustee, a notice regarding the Change of Control Triggering Event and the Change of Control Offer. The notice shall state the payment date for the repurchase of the Notes, which date shall be no earlier than 30 days and no later than
60 days from the date such notice is mailed. The notice may, if mailed prior to the date of consummation of the Change of Control, also state that the offer to purchase is conditioned on a Change of Control or Change of Control Triggering Event
occurring on or prior to the payment date specified in the notice. 
 (3) On the payment date of the Change of Control Purchase Price as
specified in the notice, the Company shall, to the extent lawful: 
 (A) accept for payment all Notes or portions of Notes
properly tendered and not withdrawn pursuant to the Change of Control Offer; 
 (B) deposit with the Paying Agent an amount
equal to the Change of Control Purchase Price in respect of all Notes or portions of Notes properly tendered and not withdrawn pursuant to the Change of Control Offer; and 

(C) deliver or cause to be delivered to the Trustee the Notes properly accepted together with an Officers’ Certificate
stating the aggregate principal amount of Notes or portions of Notes being purchased by the Company. 
 (4) The Paying Agent shall promptly
mail to each Holder of Notes properly tendered pursuant to the Change of Control Offer, the Change of Control Purchase Price for such Notes, and the Trustee shall promptly authenticate and mail, or cause to be transferred by book entry, to each such
Holder a new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any; provided that the new Note shall be in a principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. The Company
shall publicly announce the results of the Change of Control Offer on or as soon as reasonably practicable after the payment date of the Change of Control Purchase Price. 

(5) The Company will comply with applicable law, including Section 14(e) of the Exchange Act and Rule
14e-1 thereunder, and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the purchase of the Notes as a result of a Change of
Control or Change of Control Triggering Event. To the extent that the provisions of any securities laws or regulations conflict with this Section 3.03, the Company will comply with the applicable securities laws and regulations and will not be
deemed to have breached its obligations under this Section 3.03 by virtue of such conflict. 
 (6) The Company will not be required to
make a Change of Control Offer after a Change of Control Triggering Event if (1) a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and such third
party purchases all Notes properly tendered and not withdrawn under its offer, (2) the Company has given notice to redeem all Notes in accordance with paragraph 4 of the Notes and Article Three of the Base Indenture, unless and until there is a
default in payment of the applicable redemption price or (3) in connection with or in contemplation of any Change of Control for which a definitive agreement is in place, the Company or a third party has made an offer to purchase (an
“Alternate Offer”) any and all Notes properly tendered at a cash price equal to or higher than the Change of Control Purchase Price and has purchased all Notes properly tendered and not withdrawn in accordance with the terms of such
Alternate Offer. 

  
 -13- 

 (7) None of the provisions relating to a repurchase upon a Change of Control Triggering
Event shall be waivable by the Board of Directors of the Company. 
 ARTICLE FOUR 

Miscellaneous 
 Section 4.01.
Governing Law. 
 THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN THIS SUPPLEMENTAL INDENTURE, THE NOTES AND THE GUARANTEES. 

Section 4.02. No Adverse Interpretation of Other Agreements. 

This Supplemental Indenture may not be used to interpret another indenture, loan or debt agreement of the Company or a Subsidiary. Any such
indenture, loan or debt agreement may not be used to interpret this Supplemental Indenture. 
 Section 4.03. No Recourse Against Others. 

All liability (i) described in Paragraph 11 of the Notes, of any director, officer, employee or stockholder, as such, of the Company and
(ii) described in the second paragraph of the guarantees of each Guarantor, of any stockholder, officer, director, employee, incorporator, partner, member or manager, as such, of any Guarantor, is waived and released. 

Section 4.04. Successors and Assigns. 

All covenants and agreements of the Company and the Guarantors in this Supplemental Indenture and the Notes shall bind its successors and
assigns. All agreements of the Trustee in this Supplemental Indenture shall bind its successors and assigns. 
 Section 4.05. Duplicate
Originals. 
 The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all
of them together represent the same agreement. 
 Section 4.06. Severability. 

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

  
 -14- 

 SIGNATURES 

IN WITNESS WHEREOF, the parties have caused this Supplemental Indenture to be duly executed, all as of the date first above written. 

 

			
	D.R. HORTON, INC.
		
	By:	 	/s/ Bill W. Wheat
		 	Bill W. Wheat
		 	Executive Vice President and
		 	Chief Financial Officer

  
 -15- 

 GUARANTORS: 

 

			
	C. RICHARD DOBSON BUILDERS, INC.	  	CH INVESTMENTS OF TEXAS, INC.
	CHI CONSTRUCTION COMPANY	  	CHTEX OF TEXAS, INC.
	CONTINENTAL HOMES, INC.	  	CONTINENTAL RESIDENTIAL, INC.
	D.R. HORTON, INC. - BIRMINGHAM	  	D.R. HORTON, INC. -CHICAGO
	D.R. HORTON, INC. - DIETZ-CRANE	  	D.R. HORTON, INC. - GREENSBORO
	D.R. HORTON, INC. - GULF COAST	  	D.R. HORTON, INC. - HUNTSVILLE
	D.R. HORTON, INC. - JACKSONVILLE	  	D.R. HORTON, INC. - LOUISVILLE
	D.R. HORTON, INC. - MIDWEST	  	D.R. HORTON, INC. - MINNESOTA
	D.R. HORTON, INC. - NEW JERSEY	  	D.R. HORTON, INC. - PORTLAND
	D.R. HORTON, INC. - TORREY	  	D.R. HORTON BAY, INC.
	D.R. HORTON CA2, INC.	  	D.R. HORTON CA3, INC.
	D.R. HORTON CRUCES CONSTRUCTION, INC.	  	D.R. HORTON LA NORTH, INC.
	D.R. HORTON LOS ANGELES HOLDING COMPANY, INC.	  	D.R. HORTON MATERIALS, INC.
	D.R. HORTON VEN, INC.	  	DRH CONSTRUCTION, INC.
	DRH REGREM XIV, INC.	  	DRH REGREM XV, INC.
	DRH REGREM XVI, INC.	  	DRH REGREM XVII, INC.
	DRH REGREM XVIII, INC.	  	DRH REGREM XIX, INC.
	DRH REGREM XX, INC.	  	DRH REGREM XXI, INC.
	DRH REGREM XXII, INC.	  	DRH REGREM XXIII, INC.
	DRH REGREM XXIV, INC.	  	DRH REGREM XXV, INC.
	DRH SOUTHWEST CONSTRUCTION, INC.	  	DRH TUCSON CONSTRUCTION, INC.
	KDB HOMES, INC.	  	MEADOWS I, LTD.
	MEADOWS II, LTD.	  	MEADOWS VIII, LTD.
	MEADOWS IX, INC.	  	MEADOWS X, INC.
	MELODY HOMES, INC.	  	SCHULER HOMES OF ARIZONA LLC
	SCHULER HOMES OF CALIFORNIA, INC.	  	SCHULER HOMES OF OREGON, INC.
	SCHULER HOMES OF WASHINGTON, INC.	  	SHA CONSTRUCTION LLC
	SHLR OF CALIFORNIA, INC.	  	SHLR OF NEVADA, INC.
	SHLR OF WASHINGTON, INC.	  	SRHI LLC
	SSHI LLC	  	VERTICAL CONSTRUCTION CORPORATION
	WESTERN PACIFIC HOUSING, INC.	  	WESTERN PACIFIC HOUSING MANAGEMENT, INC.

  

			
	By:	 	 /s/ Bill W. Wheat

		 	Bill W. Wheat
		 	Executive Vice President and Chief Financial Officer

  
 -16- 

 
							
	CONTINENTAL HOMES OF TEXAS, L.P.
		
	By:	 	CHTEX of Texas, Inc.,
		 	as General Partner
				
		 	    	 	By:	 	 /s/ Bill W. Wheat

		 		 		 	Bill W. Wheat
		 		 		 	Executive Vice President and Chief Financial Officer
	
	D.R. HORTON - EMERALD, LTD.
	D.R. HORTON - TEXAS, LTD.
	D. R. HORTON MANAGEMENT COMPANY, LTD.
	DRH REGREM VII, LP
	DRH REGREM XII, LP 
		
	By:	 	Meadows I, Ltd.,
		 	as General Partner
				
		 		 	By:	 	 /s/ Bill W. Wheat

		 		 		 	Bill W. Wheat
		 		 		 	Executive Vice President and Chief Financial Officer
	
	SGS COMMUNITIES AT GRANDE QUAY, L.L.C.
		
	By:	 	Meadows IX, Inc.,
		 	as Member
				
		 		 	By:	 	 /s/ Bill W. Wheat

		 		 		 	Bill W. Wheat
		 		 		 	Executive Vice President and Chief Financial Officer
				
	and	 		 		 	
		
	By:	 	Meadows X, Inc.,
		 	as Member
				
		 		 	By:	 	 /s/ Bill W. Wheat

		 		 		 	Bill W. Wheat
		 		 		 	Executive Vice President and Chief Financial Officer

  
 -17- 

 
									
		 	DRH CAMBRIDGE HOMES, LLC
			
	    	 	By:	 	D.R. Horton, Inc. -Chicago,
		 		 	as Sole Member
					
		 		 		 	By:	 	 /s/ Bill W. Wheat

		 		 		 		 	Bill W. Wheat
		 	    	 		 		 	Executive Vice President and Chief Financial Officer
	
	HPH HOMEBUILDERS 2000 L.P.
	WESTERN PACIFIC HOUSING-ANTIGUA, LLC
	WESTERN PACIFIC HOUSING-BROADWAY, LLC
	WESTERN PACIFIC HOUSING-CANYON PARK, LLC
	WESTERN PACIFIC HOUSING-CARRILLO, LLC
	WESTERN PACIFIC HOUSING-COMMUNICATIONS HILL, LLC
	WESTERN PACIFIC HOUSING-COPPER CANYON, LLC
	WESTERN PACIFIC HOUSING-CREEKSIDE, LLC
	WESTERN PACIFIC HOUSING-LOMAS VERDES, LLC
	WESTERN PACIFIC HOUSING-MCGONIGLE CANYON, LLC
	WESTERN PACIFIC HOUSING-MOUNTAINGATE, L.P.
	WESTERN PACIFIC HOUSING-NORCO ESTATES, LLC
	WESTERN PACIFIC HOUSING-PACIFIC PARK II, LLC
	WESTERN PACIFIC HOUSING-PARK AVENUE EAST, LLC
	WESTERN PACIFIC HOUSING-PARK AVENUE WEST, LLC
	WESTERN PACIFIC HOUSING-PLAYA VISTA, LLC
	WESTERN PACIFIC HOUSING-RIVER RIDGE, LLC
	WESTERN PACIFIC HOUSING-TERRA BAY DUETS, LLC
	WESTERN PACIFIC HOUSING-TORREY MEADOWS, LLC
	WESTERN PACIFIC HOUSING-TORREY VILLAGE CENTER, LLC
	WESTERN PACIFIC HOUSING-WINDEMERE, LLC
	WPH-CAMINO RUIZ, LLC
			
		 	By:	 	Western Pacific Housing Management, Inc.,
		 		 	as Manager Member or General Partner
					
		 		 		 	By:	 	 /s/ Bill W. Wheat

		 		 		 		 	Bill W. Wheat
		 		 		 		 	Executive Vice President and Chief Financial Officer

  
 -18- 

 
							
	D.R. HORTON - SCHULER HOMES, LLC
		
	By:	 	Vertical Construction Corporation,
		 	as Manager
				
		 	    	 	By:	 	 /s/ Bill W. Wheat

		 		 		 	Bill W. Wheat
		 		 		 	Executive Vice President and Chief Financial Officer
	
	LEXINGTON HOMES - DRH, LLC
	PACIFIC RIDGE - DRH, LLC
		
	By:	 	SHLR of Washington, Inc.,
		 	as Sole Member
				
		 		 	By:	 	 /s/ Bill W. Wheat

		 		 		 	Bill W. Wheat
		 		 		 	Executive Vice President and Chief Financial Officer
	
	D.R. HORTON - CROWN, LLC 
	D.R. HORTON - GEORGIA, LLC 
	D.R. HORTON - HIGHLAND, LLC
	D.R. HORTON - IOWA, LLC
	D.R. HORTON - REGENT, LLC 
	D.R. HORTON - TERRAMOR, LLC
	D.R. HORTON - WPH, LLC 
	D.R. HORTON SERENITY CONSTRUCTION, LLC 
	DRH REGREM XLII, LLC
	DRH REGREM XLIII, LLC
	DRH REGREM XLIV, LLC
	DRH REGREM XLV, LLC
	DRH REGREM XLVI, LLC
	DRH REGREM XLVII, LLC
	DRH REGREM XLVIII, LLC
	DRH REGREM XLIX, LLC
	DRH REGREM L, LLC
	DRH REGREM LI, LLC
	DRH REGREM LII, LLC
	DRH REGREM LIII, LLC
	DRH REGREM LIV, LLC
	DRH REGREM LV, LLC
		
	By:	 	D.R. Horton, Inc.,
		 	as Sole Member
				
		 		 	By:	 	 /s/ Bill W. Wheat

		 		 		 	Bill W. Wheat
		 		 		 	Executive Vice President and Chief Financial Officer

  
 -19- 

 
							
	D.R. HORTON CA4, LLC
		
	By:	 	Western Pacific Housing, Inc.,
		 	as Sole Member
				
		 		 	By:	 	 /s/ Bill W. Wheat

		 	    	 		 	Bill W. Wheat
		 		 		 	Executive Vice President and Chief Financial Officer
	
	D.R. HORTON - CHAUSTIN, LLC
		
	By:	 	Continental Homes of Texas, L.P.,
		 	as Sole Member
			
		 	By:	 	CHTEX of Texas, Inc.,
		 		 	as General Partner

 
									
					
		 		 		 	By:	 	 /s/ Bill W. Wheat

		 		 		 		 	Bill W. Wheat
		 		 		 		 	Executive Vice President and Chief Financial Officer
	
	D.R. HORTON - INDIANA, LLC
		
	By:	 	D.R. Horton, Inc. - Midwest,
	its Member
					
		 	    	 	    	 	By:	 	 /s/ Bill W. Wheat

		 		 		 		 	Bill W. Wheat
	    	 		 		 		 	Executive Vice President and Chief Financial Officer
	
	D.R. HORTON - COLORADO, LLC
		
	By:	 	Melody Homes, Inc.,
	its Member
					
		 		 		 	By:	 	 /s/ Bill W. Wheat

		 		 		 		 	Bill W. Wheat
		 		 		 		 	Executive Vice President and Chief Financial Officer

  
 S-1 

 
	
	    DRH - HWY 114, LLC
	    D.R. HORTON - PERMIAN, LLC

  

			
	By:	 	D.R. Horton - Texas, Ltd.,
	its Member
		
		 	By: Meadows I, Ltd.,
		 	its General Partner

  

					
	            	 	By:	 	 /s/ Bill W. Wheat

		 		 	Bill W. Wheat
		 		 	Executive Vice President and Chief Financial Officer

  

					
	    WALKER DRIVE, LLC
	
	By: D.R. Horton BAY, Inc., its Member
			
	            	 	By:	 	 /s/ Bill W. Wheat

		 		 	Bill W. Wheat
		 		 	Executive Vice President and Chief Financial Officer

  
 S-1 

					
	BRANCH BANKING AND TRUST COMPANY, as Trustee
		
	By:	 	 /s/ Greg Yanok

		 	Name:	 	Greg Yanok
		 	Title:	 	Vice President

  
 S-1 

 EXHIBIT A 

[FORM OF FACE OF SECURITY] 

[Global Security Legend] 

THIS GLOBAL SECURITY IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS SECURITY) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT
OF THE HOLDERS OF BENEFICIAL INTERESTS HEREIN, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY MAKE ANY SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO THE INDENTURE, (II) THIS GLOBAL
SECURITY MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06 OF THE BASE INDENTURE, (III) THIS GLOBAL SECURITY MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO THE INDENTURE AND (IV) THIS GLOBAL SECURITY MAY BE
TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY. 
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART
FOR SECURITIES IN DEFINITIVE FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR TO ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE
DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF ANY ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT IS MADE TO SUCH ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE
OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF HAS AN INTEREST HEREIN. 

  
 A-1 

			
	No.	  	CUSIP No.: 23331A BM0
		  	ISIN No.: US23331ABM09

 2.500% SENIOR NOTES DUE 2024 

D.R. HORTON, INC. 
 a
Delaware corporation 
 promises to pay to [             ] or registered assigns 

the principal sum of $[             ]
(             ) Dollars on October 15, 2024. 
 Interest Payment Dates: April 15 and
October 15, commencing April 15, 2020 
 Record Dates: April 1 and October 1 

Dated: 
  

			
	D.R. HORTON, INC.
		
	By:	 	  

		 	Title:

 Authenticated: 
 Branch
Banking and Trust Company, 
 as Trustee, certifies that this is one of the Securities 

referred to in the within mentioned Indenture. 
  

			
	By:	 	  

		 	Authorized Signatory

  
 A-2 

 [FORM OF REVERSE SIDE OF SECURITY] 

D.R. HORTON, INC. 

2.500% SENIOR NOTES DUE 2024 

D.R. HORTON, INC., a Delaware corporation (together with its successors and assigns, the “Company”), issued this Security
under an Indenture dated as of October 10, 2019 (as amended, modified or supplemented from time to time in accordance therewith, the “Base Indenture”) by and between the Company and Branch Banking and Trust Company, as the
trustee (the “Trustee”), as supplemented by the Supplemental Indenture dated as of October 10, 2019 (the “Supplemental Indenture” and together with the Base Indenture, the “Indenture”), by
and among the Company, the Guarantors party thereto and the Trustee, to which reference is hereby made for a statement of the respective rights, obligations, duties and immunities thereunder of the Company, the Trustee and the Holders and of the
terms upon which the Securities are, and are to be, authorized and delivered. All terms used in this Security that are defined in the Indenture shall have the meanings assigned to them therein. 

 

	1.	 Interest. 

The Company promises to pay interest on the principal amount of this Security at the rate per annum shown above. The Company will pay interest
semiannually on April 15 and October 15 of each year (each, an “Interest Payment Date”), commencing April 15, 2020, until the principal is paid or made available for payment. Interest on the Securities will accrue
from the most recent date to which interest has been paid or duly provided for or, if no interest has been paid, from October 10, 2019, provided that, if there is no existing default in the payment of interest, and if this Security is
authenticated between a record date referred to on the face hereof and the next succeeding interest payment date, interest shall accrue from such interest payment date. 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 Securities (except defaulted interest, if any, which will be paid on such special payment date to Holders
of record on such special record date as may be fixed by the Company) to the persons who are registered Holders of Securities at the close of business on April 1 or October 1, as the case may be, immediately preceding the applicable
interest payment date. Holders must surrender Securities to a Paying Agent to collect principal payments. The Company will pay principal and interest in money of the United States that at the time of payment is legal tender for payment of public and
private debts. 
  

	3.	 Paying Agent and Registrar. 

Initially, the Trustee will act as Paying Agent and Registrar. The Company may change or appoint any Paying Agent, Registrar or co-Registrar without notice. The Company or any of its Subsidiaries or any of their Affiliates may act as Paying Agent, Registrar or co-Registrar. 

 

	4.	 Optional Redemption. 

The Company may redeem the Securities at any time or from time to time, in whole or in part. 

  
 A-3 

 The redemption price for Securities redeemed prior to September 15, 2024 (the
“Par Call Date”) will be equal to the greater of the following amounts: (i) 100% of their principal amount; and (ii) the present value of the Remaining Scheduled Payments on the Securities being redeemed that would be due if
the Securities matured on the Par Call Date, discounted to the redemption date, on a semiannual basis, at the Treasury Rate plus 20 basis points (0.20%), plus, in each case, accrued and unpaid interest on such Securities to the redemption date. 

The redemption price for Securities redeemed on or after the Par Call Date will be equal to 100% of the principal amount of the Securities
being redeemed, plus accrued and unpaid interest on such Securities to the redemption date. 
 In determining the redemption price and
accrued interest, interest shall be calculated on the basis of a 360-day year consisting of twelve 30-day months. 

Notice of redemption will be mailed at least 15 days but not more than 60 days before the redemption date to each Holder of Securities to be
redeemed at its registered address. Securities in denominations larger than $2,000 may be redeemed in part. On and after the redemption date interest ceases to accrue on Securities or portions of them called for redemption, provided that if
the Company shall default in the payment of such Securities at the redemption price together with accrued interest, interest shall continue to accrue at the rate borne by the Securities. 

 

	5.	 Denominations, Transfer, Exchange. 

The Securities are in registered form only without coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. A
Holder may transfer or exchange Securities by presentation of such Securities to the Registrar or a co-Registrar with a request to register the transfer or to exchange them for an equal principal amount of
Securities of other denominations. The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes and fees required by law or permitted by the Indenture. The Registrar need not
transfer or exchange any Security selected for redemption or purchase, except the unredeemed or unpurchased part thereof if the Security is redeemed or purchased in part, or transfer or exchange any Securities for a period of 15 days before a
selection of Securities to be redeemed or purchased. 
  

	6.	 Persons Deemed Owners. 

The registered Holder of this Security shall be treated as the owner of it for all purposes. 

 

	7.	 Unclaimed Money. 

Subject to any applicable abandoned property law, the Trustee and the Paying Agent shall pay to the Company upon written request any money held
by them for the payment of principal or interest that remains unclaimed for two years, and thereafter, Holders entitled to the money must look to the Company for payment as general creditors. 

 

	8.	 Amendment, Supplement, Waiver. 

Subject to certain exceptions, the Indenture or the Securities may be amended or supplemented with the consent of the Holders of at least a
majority in principal amount of the outstanding Securities of each Series affected by the amendment and any past default or compliance with any provision relating to any Series of the Securities may be waived in a particular instance with the
consent of the Holders of a majority in principal amount of the outstanding Securities of such Series. Without the consent of any Securityholder, the Company and the Trustee may amend or supplement the Indenture or the Securities in certain respects
as specified in the Indenture. 

  
 A-4 

	9.	 Successor. 

When a successor assumes all the obligations of its predecessor under a Series of the Securities and the Indenture, the predecessor will be
released from those obligations. 
  

	10.	 Trustee Dealings With Company. 

Subject to certain limitations imposed by the TIA, the Trustee under the Indenture, 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, including owning or pledging the Securities. 

 

	11.	 No Recourse Against Others. 

A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company under the
Securities 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 Security waives and releases all such liability. The waiver and release are part of the
consideration for the issue of the Securities. The waiver may not be effective to waive liabilities under the federal securities laws. 
  

	12.	 Discharge of Indenture. 

The Indenture contains certain provisions pertaining to defeasance and discharge, which provisions shall for all purposes have the same effect
as if set forth herein. 
  

	13.	 Authentication. 

This Security shall not be valid until an authorized signatory of the Trustee signs the certificate of authentication on this Security. 

 

	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 Gift to Minors Act). 
  

	15.	 GOVERNING LAW. 

THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

  
 A-5 

	16.	 CUSIP and ISIN Numbers. 

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

	17.	 Copies. 

The Company will furnish to any Holder upon written request and without charge a copy of the Indenture and the applicable Authorizing
Resolution or supplemental indenture. Requests may be made to: D.R. Horton, Inc., 1341 Horton Circle, Arlington, Texas 76011, Attention: Chief Financial Officer. 
  

	18.	 Change of Control Triggering Event. 

In the event that there shall occur a Change of Control Triggering Event, except as otherwise provided in the Indenture, the Company shall make
an offer to each Holder of the Securities to purchase all or any part of such Holder’s Securities at 101% of the principal amount thereof plus accrued and unpaid interest to the date of purchase in accordance with the procedures set forth in
the Indenture. 
  

	19.	 Defaults and Remedies. 

The Events of Default relating to the Securities are defined in Article Six of the Base Indenture as modified by the Supplemental Indenture.
Upon the occurrence of an Event of Default, the rights and obligations of the Company and the Holders shall be as set forth in the Indenture. 

  
 A-6 

 ASSIGNMENT FORM 

If you the Holder want to assign this Security, fill in the form below: 

I or we assign and transfer this Security to 
  

 
 (Insert
assignee’s social security or tax ID number) 
  

 
  

 
  

 
  

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

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

Date:                      

Your signature:
                             

(Sign exactly as your name appears on the other side of this Security) 

Signature Guarantee:
                                 

Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Security Registrar, which
requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Security Registrar in addition to, or in
substitution for, STAMP, all in accordance with the United States Securities Exchange Act of 1934, as amended. 

  
 A-7 

 EXHIBIT B 

[FORM OF NOTATION ON SECURITY OF GUARANTEE] 

GUARANTEE 
 The
undersigned (the “Guarantors”) have unconditionally guaranteed, jointly and severally (such guarantee by each Guarantor being referred to herein as the “Guarantee”) (i) the due and punctual payment of the principal
of and interest on this Security, whether at maturity, by acceleration or otherwise, the due and punctual payment of interest on the overdue principal and interest, if any, on this Security, to the extent lawful, and the due and punctual performance
of all other obligations of the Company to the Holders or the Trustee all in accordance with the terms set forth in Article Nine of the Base Indenture and (ii) in case of any extension of time of payment or renewal of this Security or
any of such other obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. 

No past, present or future stockholder, officer, director, employee, incorporator, partner, member or manager, as such, of any of the
Guarantors shall have any liability under the Guarantee by reason of such person’s status as stockholder, officer, director, employee, incorporator, partner, member or manager. Each Holder of a Security by accepting a Security waives and
releases all such liability. This waiver and release are part of the consideration for the issuance of the Guarantees. 
 Each Holder of
this Security by accepting this Security agrees that any Guarantor named below shall have no further liability with respect to its Guarantee if such Guarantor otherwise ceases to be liable in respect of its Guarantee in accordance with the terms of
the Indenture. 
 THE GUARANTEE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

The Guarantee shall not be valid or obligatory for any purpose until the certificate of authentication on the Securities upon which the
Guarantee is noted shall have been executed by the Trustee under the Indenture by the manual signature of one of its authorized officers. 
  

			
	[Signature of Guarantor(s)]
		
	By:	 	 
		 	Name:
		 	Title
		
	By:	 	 
		 	Name:
		 	Title

  
 B-1

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