Document:

Consulting Agreement

 Exhibit 10.1 
 CONSULTING AGREEMENT 
 This Consulting Agreement (this
“Agreement”) is entered into as of February 11, 2010 between Pulte Homes, Inc., a Michigan corporation (the “Company”), and William J. Pulte (the “Consultant”). 
 WHEREAS, the Consultant currently serves as an employee and director of the Company and desires to cease employment with the Company and
resign as a director of the Company upon the terms and subject to the conditions set forth herein; and 
 WHEREAS, the Company
desires to obtain the benefit of the Consultant’s knowledge and experience by retaining the Consultant, and the Consultant desires to be retained by the Company, upon the terms and subject to the conditions set forth herein. 
 NOW, THEREFORE, in consideration of the mutual promises and agreements contained herein, the adequacy and sufficiency of which are hereby
acknowledged, the Company and the Consultant hereby agree as follows: 
 1. Termination of Employment; Resignation as a
Director. The employment of the Consultant by the Company shall cease, and the Consultant hereby resigns as a director of the Company and from all other positions, if any, with the Company, in each case effective on March 31, 2010 (the
“Employment Termination Date”). 
 2. Payment of Accrued Amounts; Separation Payment; Employee Benefits. The
Company shall pay to the Consultant within 30 days following the Employment Termination Date all amounts due to the Consultant for salary accrued for services rendered through the Employment Termination Date. In addition, provided that the
Consultant complies with the covenants contained in Section 9 hereof and in consideration for the release of claims contained in Section 12 hereof and provided that the Consultant has not revoked the release, the Company shall pay to the
Consultant within 30 days following the Employment Termination Date the lump sum cash amount of $3,265,000. As of the Employment Termination Date, the Consultant shall be entitled to those employee benefits provided by the Company upon termination
of employment pursuant to the terms and subject to the conditions of the applicable employee benefit plans and programs of the Company in which the Consultant participates. The Company shall deduct from the amounts payable to the Consultant pursuant
to this Section 2 the amount of all required federal and state withholding taxes in accordance with the Consultant’s Form W-4 on file with the Company and all applicable social security taxes. 
 3. Consulting Period. The Company hereby retains the Consultant as a consultant to the Company, and the Consultant hereby agrees to
be retained by the Company, upon the terms and subject to the conditions hereof for the period commencing on April 1, 2010 and ending on March 31, 2012, unless earlier terminated pursuant to Section 7 hereof (the “Consulting
Period”). 
 4. Consulting Services. During the Consulting Period, the Consultant shall make himself available to
perform consulting services with respect to the business conducted by the Company. Such consulting services shall be related to such matters as the Chairman and

 
Chief Executive Officer of the Company may designate from time to time. The Consultant shall comply with reasonable requests for the Consultant’s consulting services and shall devote
reasonable time and his reasonable best efforts, skill and attention to the performance of such consulting services; provided, however, that the Consultant shall not devote more than 75 hours during any calendar quarter during the Consulting Period
to the performance of such consulting services, which the parties acknowledge and agree is less than 20% of the average level of services performed by the Consultant for the Company during the 36-month period prior to April 1, 2010. 

5. Independent Contractor Status. The Consultant shall perform the consulting services described in Section 4 hereof as an
independent contractor. The Consultant shall not, by virtue of being a consultant hereunder, be eligible to receive any employee benefits for which officers or other employees of the Company are eligible at any time. The Consultant hereby
acknowledges his separate responsibility for all federal and state withholding taxes, social security taxes and any other federal, state and local taxes required by applicable law or regulation to be paid with respect to the amounts payable for the
consulting services to be performed hereunder. 
 6. Compensation for Consulting Services. As compensation for the
consulting services to be performed by the Consultant hereunder, the Company shall pay the Consultant a consulting fee at the rate of $1,500,000 per annum, payable in equal monthly installments. During the Consulting Period, the Company shall
provide the Consultant with an office and administrative assistance and shall reimburse the Consultant, in accordance with Section 8 hereof, for all proper expenses incurred by the Consultant in providing consulting services hereunder.

 7. Termination of Consulting Period. This Agreement and the Consulting Period may be terminated at any time by the
Consultant on 30 days prior written notice to the Company. This Agreement and the Consulting Period may be terminated at any time by the Company upon written notice to the Consultant in the event that the Consultant shall breach any covenant
contained in Section 9 hereof. In the event of termination of this Agreement and the Consulting Period by the Consultant or the Company pursuant to this Section 7, the Company shall pay to the Consultant any accrued and unpaid consulting
fee payable to the Consultant pursuant to Section 6 hereof and shall reimburse the Consultant, in accordance with Section 8 hereof, for expenses incurred by the Consultant prior to the date of such termination. 
 8. Section 409A. This Agreement is intended to comply with the requirements of Section 409A of the Internal Revenue Code of
1986, as amended (the “Code”), and shall be interpreted and construed consistently with such intent. The payments to the Consultant pursuant to this Agreement are also intended to be exempt from Section 409A of the Code to the maximum
extent possible, under either the separation pay exemption pursuant to Treasury regulation §1.409A-1(b)(9)(iii) or as short-term deferrals pursuant to Treasury regulation §1.409A-1(b)(4), and for this purpose each payment shall be
considered a separate payment. In the event that the terms of this Agreement would subject the Consultant to taxes or penalties under Section 409A of the Code (“409A Penalties”), the Company and the Consultant shall cooperate
diligently to amend the terms of this Agreement to avoid such 409A Penalties, to the extent possible; provided that in no event shall the Company be responsible for any 409A

  

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Penalties that arise in connection with any amounts payable under this Agreement. It is intended that the Consultant’s “separation from service,” within the meaning of
Section 409A of the Code, shall occur on March 31, 2010. Any reimbursement payable to the Consultant pursuant to this Agreement or otherwise shall be conditioned on the submission by the Consultant of all expense reports reasonably
required by the Company under any applicable expense reimbursement policy, and shall be paid to the Consultant within 30 days following receipt of such expense reports, but in no event later than the last day of the calendar year following the
calendar year in which the Consultant incurred the reimbursable expense. Any amount of expenses eligible for reimbursement, or in-kind benefit provided, during a calendar year shall not affect the amount of expenses eligible for reimbursement, or
in-kind benefit to be provided, during any other calendar year. The right to any reimbursement or in-kind benefit pursuant to this Agreement or otherwise shall not be subject to liquidation or exchange for any other benefit. 
 9. Noncompetition; Nonsolicitation. 
 (a) The Consultant acknowledges that during the period that he was employed by the Company he became familiar with trade secrets and other confidential information concerning the Company and its
subsidiaries and that his services have been and will be of special, unique and extraordinary value to the Company and its subsidiaries. 
 (b) The Consultant agrees that during the Consulting Period he shall not in any manner, directly or indirectly, through any person, firm or corporation, alone or as a member of a partnership or as an
officer, director, stockholder, investor or employee of or consultant to any other corporation or enterprise or otherwise, engage or be engaged, or assist any other person, firm, corporation or enterprise in engaging or being engaged, in any
business, in which the Consultant was involved or had knowledge, being conducted by, or contemplated by, the Company or any of its subsidiaries during the Consulting Period in any geographic area in which the Company or any of its subsidiaries is
then conducting such business. 
 (c) The Consultant further agrees that during the Consulting Period he shall not in any
manner, directly or indirectly (i) induce or attempt to induce or solicit any employee of the Company or any of its subsidiaries to terminate or abandon his or her employment for any purpose whatsoever or (ii) induce or solicit, or attempt
to induce or solicit, any supplier or other individual, corporation or other business organization having a business relationship with the Company or its subsidiaries to cease doing business with the Company or its subsidiaries, or interfere with
the relationship between any such supplier or other person and the Company or its subsidiaries. 
 (d) Nothing in this
Section 9 shall prohibit the Consultant from being (i) a stockholder in a mutual fund or a diversified investment company or (ii) a passive owner of not more than two percent of the outstanding stock of any class of securities of a
corporation, any securities of which are publicly traded, so long as the Consultant has no active participation in the business of such corporation. 
 (e) If, at any time of enforcement of this Section 9, a court holds that the restrictions stated herein are unreasonable under circumstances then existing, the parties hereto agree that the maximum
period, scope or geographical area reasonable under such circumstances

  

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shall be substituted for the stated period, scope or area and that the court shall be allowed to revise the restrictions contained herein to cover the maximum period, scope and area permitted by
law. This Agreement shall not authorize a court to increase or broaden any of the restrictions in this Section 9. 
 10.
Confidentiality. The Consultant shall not, at any time during the Consulting Period, make use of or disclose, directly or indirectly, any (i) trade secret or other confidential or secret information of the Company or of any of its
subsidiaries, including, without limitation, purchasing or other business methodologies, business plans, real estate acquisition plans, customer or marketing information, sales methods, information systems or product development, or (ii) other
technical, business, proprietary or financial information of the Company or of any of its subsidiaries not available to the public generally or to the competitors of the Company or to the competitors of any of its subsidiaries (“Confidential
Information”), except to the extent that such Confidential Information (a) becomes a matter of public record or is published in a newspaper, magazine or periodical or in any other media available to the general public, other than as a
result of any act or omission of the Consultant, (b) is required to be disclosed by any law, regulation or order of any court or regulatory commission, department or agency, provided that the Consultant gives prompt notice of such requirement
to the Company to enable the Company to seek an appropriate protective order, or (c) is necessary to perform properly the Consultant’s duties under this Agreement. Promptly following the termination of the Consulting Period, the Consultant
shall surrender to the Company all records, memoranda, notes, plans, reports, other documents and data, whether in tangible or electronic form, which constitute Confidential Information which he may then possess or have under his control, together
with all copies thereof. 
 11. Enforcement. The parties hereto agree that the Company and its subsidiaries would be
damaged irreparably in the event that any provision of Section 9 or 10 of this Agreement were not performed in accordance with its terms or were otherwise breached and that money damages would be an inadequate remedy for any such nonperformance
or breach. Accordingly, the Company and its successors and permitted assigns shall be entitled, in addition to other rights and remedies existing in their favor, to an injunction or injunctions to prevent any breach or threatened breach of any of
such provisions and to enforce such provisions specifically (without posting a bond or other security). The Consultant agrees that he will submit himself to the personal jurisdiction of courts located in the State of Michigan in any action by the
Company to obtain interim injunctive or other relief. 
 12. Release of Claims. The Consultant, on behalf of himself and
anyone claiming through him, including, but not limited to, his past, present and future spouses, family members, relatives, agents, attorneys, representatives, heirs, executors and administrators, and the predecessors, successors and assigns of
each of them, hereby releases and agrees not to sue the Company or any of its divisions, subsidiaries, affiliates, other related entities (whether or not such entities are wholly owned) or any of the past, present or future officers, directors,
administrators, trustees, fiduciaries, employees, agents, attorneys or representatives thereof, or the predecessors, successors or assigns of each of them (hereinafter jointly referred to as the “Released Parties”), with respect to any and
all known or unknown claims which the Consultant now has, has ever had, or may in the future have, against any of the Released Parties for or related in any way to anything occurring from the beginning of time up to and including the date

  

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on which he signs this Agreement, including, without limiting the generality of the foregoing, any and all claims which in any way result from, arise out of, or relate to, the Consultant’s
employment by any of the Released Parties or the termination of such employment, including, but not limited to, any and all claims for severance or termination payments under any agreement between the Consultant and any of the Released Parties
including, without limitation, any program or arrangement of any of the Released Parties or any claims that could have been asserted by the Consultant or on his behalf against any of the Released Parties in any federal, state or local court,
commission, department or agency under any fair employment, contract or tort law, or any other federal, state or local law, regulation or ordinance (as in effect or amended from time to time), including, without limitation, the Age Discrimination in
Employment Act, Title VII of the Civil Rights Act of 1964, the Employee Retirement Income Security Act of 1974, the Americans with Disabilities Act, the Family and Medical Leave Act, or under any compensation, bonus, severance, retirement or other
benefit plan; provided, however, that nothing contained in this Section 12 shall apply to, or release the Company from (a) any obligation of the Company contained in this Agreement, (b) any vested or accrued benefit under any plan or
program of the Company in which the Consultant participates, (c) any obligation which the Company may have to indemnify the Consultant pursuant to its By-laws or (d) any obligation which the Company may have to provide coverage to the
Consultant pursuant to its director and officer insurance policy with respect to actions or omissions of the Consultant during his service as an officer and director of the Company. The Consultant expressly represents and warrants that the
Consultant is the sole owner of the actual and alleged claims, demands, rights, causes of action and other matters that are released herein, that the same have not been transferred or assigned or caused to be transferred or assigned to any other
person, firm, corporation or other legal entity, and that the Consultant has the full right and power to grant, execute and deliver the release, undertakings and agreements contained herein. 
 13. Acknowledgment by the Consultant. By executing this Agreement, the Consultant expressly acknowledges that he has read this
Agreement carefully, that he fully understands its terms and conditions, that he has been advised to consult with an attorney prior to executing this Agreement, that he has been advised he has 21 days within which to decide whether or not to execute
this Agreement and that he intends to be legally bound by it. During a period of seven days following the date of the Consultant’s execution of this Agreement, the Consultant shall have the right to revoke the release contained in
Section 12 hereof of claims under the Age Discrimination in Employment Act by serving within such period written notice of revocation. If the Consultant exercises his rights under the preceding sentence, he shall have no right to the amount
payable to him pursuant to Section 2 of this Agreement. 
  

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 14. Notices. All notices and other communications required or permitted hereunder
shall be in writing and shall be deemed given when (a) delivered personally or by overnight courier to the following address of the other party hereto (or such other address for such party as shall be specified by notice given pursuant to this
Section) or (b) sent by facsimile to the following facsimile number of the other party hereto (or such other facsimile number for such party as shall be specified by notice given pursuant to this Section), with the confirmatory copy delivered
by overnight courier to the address of such party pursuant to this Section: 
 If to the Company, to: 
 Pulte Homes, Inc. 
 100 Bloomfield Hills Parkway 
 Bloomfield Hills, Michigan 48304 
 Attention: Senior Vice President, General Counsel and Secretary 
 Facsimile Number: 248-433-4595 
 If to the Consultant, to: 
 William J. Pulte 
 At his address or to his facsimile number as it appears in the records of the Company. 
 15. Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and
valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect the
validity, legality or enforceability of any other provision of this Agreement or the validity, legality or enforceability of such provision in any other jurisdiction, but this Agreement shall be reformed, construed and enforced in such jurisdiction
as if such invalid, illegal or unenforceable provision had never been contained herein. 
 16. Entire Agreement. This
Agreement constitutes the entire agreement and understanding between the parties with respect to the subject matter hereof and supersedes and preempts any prior understandings, agreements or representations by or between the parties, written or
oral, which may have related in any manner to the subject matter hereof. 
 17. Successors and Assigns. This Agreement
shall be enforceable by the Consultant and his heirs, executors, administrators and legal representatives, and by the Company and its successors and assigns. 
 18. Governing Law. This Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State of Michigan without regard to principles of conflict of laws.

 19. Amendment and Waiver. The provisions of this Agreement may be amended or waived only by the written agreement of
the Company and the Consultant, and no course of conduct or failure or delay in enforcing the provisions of this Agreement shall affect the validity, binding effect or enforceability of this Agreement. 
 20. Counterparts. This Agreement may be executed in two counterparts, each of which shall be deemed to be an original and both of
which together shall constitute one and the same instrument. 
  

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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
written above. 
  

			
	PULTE HOMES, INC.
		
	By:	 	     /s/ Richard J. Dugas, Jr.

		 	    Richard J. Dugas, Jr.
		 	    Chairman, President and Chief Executive Officer
	
	       /s/ William J. Pulte

	    William J. Pulte

  

 7Supplemental Indenture No. 13 dated as of 12/14/2009 to the 10.50% Senior Notes

 Exhibit 4.14 
 SUPPLEMENTAL INDENTURE NO. 13 
 (SENIOR FIXED RATE
NOTES) 
 Supplemental Indenture No. 13 (this “Supplemental Indenture”), dated as of
December 14, 2009, among the new guarantor on the signature page hereto (the “Guaranteeing Subsidiary”), a subsidiary of Realogy Corporation, a Delaware corporation (the “Issuer”), and The Bank of New York
Mellon (formerly known as The Bank of New York), as trustee (the “Trustee”). 
 W I T N E S S E T H 

WHEREAS, each of the Issuer and the Note Guarantors (as defined in the Indenture referred to below) has heretofore executed and delivered
to the Trustee an indenture (the “Indenture”), dated as of April 10, 2007, providing for the issuance of an unlimited aggregate principal amount of 10.50% Senior Notes due 2014 (the “Notes”); 
 WHEREAS, Section 4.15 of the Indenture provides that under certain circumstances the Issuer is required to cause the Guaranteeing
Subsidiary to execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Issuer’s Obligations under the Notes and the Indenture on the terms and
conditions set forth herein and under the Indenture (the “Guarantee”); and 
 WHEREAS, pursuant to
Section 9.01 of the Indenture, the Guaranteeing Subsidiary and the Trustee are authorized to execute and deliver this Supplemental Indenture. 
 NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and
ratable benefit of the Holders of the Notes as follows: 
 (1) Capitalized Terms. Capitalized terms used herein without
definition shall have the meanings assigned to them in the Indenture. 
 (2) Agreement to Guarantee. The Guaranteeing
Subsidiary hereby agrees as follows: 
 (a) Along with all Note Guarantors named in the Indenture, to jointly
and severally unconditionally guarantee to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of the Indenture, the Notes or the
obligations of the Issuer hereunder or thereunder, that: 
 (i) the principal of and interest, premium and
Additional Interest, if any, on the Notes will be promptly paid in full when due, whether at Stated Maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of and interest on the Notes, if any, if lawful, and all
other Obligations of the Issuer to the Holders or the Trustee hereunder or thereunder whether for payment of principal of, premium, if any, or interest on the Notes and all other monetary obligations of the Issuer under the Indenture and the Notes
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 Notes or any of such other obligations, that 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. Failing payment when due of any amount so

  

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guaranteed or any performance so guaranteed for whatever reason, the Note Guarantors and the Guaranteeing Subsidiary shall be jointly and severally obligated to pay the same immediately. This is
a guarantee of payment and not a guarantee of collection. 
 (b) The obligations hereunder shall be
unconditional, irrespective of the validity, regularity or enforceability of the Notes, the Indenture or any other Note Guarantee, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any
provisions hereof or thereof, the recovery of any judgment against the Issuer, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. 
 (c) The following is hereby waived: diligence, presentment, demand of payment, filing of claims with a court in the event of
insolvency or bankruptcy of either of the Issuer, any right to require a proceeding first against the Issuer, protest, notice and all demands whatsoever. 
 (d) This Note Guarantee shall not be discharged except by complete performance of the obligations contained in the Notes, the Indenture and this Supplemental Indenture, and the Guaranteeing Subsidiary
accepts all obligations of a Note Guarantor under the Indenture. 
 (e) If any Holder or the Trustee is required
by any court or otherwise to return to the Issuer, the Note Guarantors (including the Guaranteeing Subsidiary), or any custodian, trustee, liquidator or other similar official acting in relation to either the Issuer or the Note Guarantors, any
amount paid either to the Trustee or such Holder, this Note Guarantee, to the extent theretofore discharged, shall be reinstated in full force and effect. 
 (f) The Guaranteeing Subsidiary shall not be entitled to any right of subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations
guaranteed hereby. 
 (g) As between the Guaranteeing Subsidiary, 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 6 of the Indenture for the purposes of this Note 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 declaration of acceleration of such obligations as provided in Article 6 of the Indenture, such obligations (whether or
not due and payable) shall forthwith become due and payable by the Guaranteeing Subsidiary for the purpose of this Note Guarantee. 
 (h) The Guaranteeing Subsidiary shall have the right to seek contribution from any non-paying Note Guarantor so long as the exercise of such right does not impair the rights of the Holders under this Note
Guarantee. 
 (i) Pursuant to Section 10.02 of the Indenture, after giving effect to all other contingent
and fixed liabilities that are relevant under any applicable Bankruptcy Law or fraudulent conveyance laws, and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Note
Guarantor in respect of the obligations of such other Note Guarantor under Article 10 of the Indenture, this new Note Guarantee shall be limited to the maximum amount permissible such that the obligations of such Guaranteeing Subsidiary under this
Note Guarantee will not constitute a fraudulent transfer or conveyance. 
  

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 (j) This Note Guarantee shall remain in full force and effect and continue
to be effective should any petition be filed by or against the Issuer or any Note Guarantor for liquidation, reorganization, should the Issuer or Note Guarantor become insolvent or make an assignment for the benefit of creditors or should a receiver
or trustee be appointed for all or any significant part of the Issuer’s or any Note Guarantor’s assets, and shall, to the fullest extent permitted by law, continue to be effective or be reinstated, as the case may be, if at any time
payment and performance of the Notes are, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee on the Notes or Note Guarantees, whether as a “voidable preference,”
“fraudulent transfer” or otherwise, all as though such payment or performance had not been made. In the event that any payment or any part thereof, is rescinded, reduced, restored or returned, the Notes shall, to the fullest extent
permitted by law, be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned. 
 (k) In case any provision of this Note 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. 
 (l) This Note Guarantee shall be a general unsecured senior obligation of the Guaranteeing
Subsidiary, ranking pari passu with all existing and future Senior Pari Passu Indebtedness of the Guaranteeing Subsidiary, if any. 
 (m) Each payment to be made by the Guaranteeing Subsidiary in respect of this Note Guarantee shall be made without set-off, counterclaim, reduction or diminution of any kind or nature. 
 (3) Execution and Delivery. The Guaranteeing Subsidiary agrees that its Note Guarantee shall remain in full force and
effect notwithstanding the absence of the endorsement of any notation of such Note Guarantee on the Notes. 
 (4) Merger, Consolidation or Sale of All or Substantially All Assets. 
 (a) Except as otherwise
provided in Section 5.01(b) of the Indenture, the Guaranteeing Subsidiary may not, and the Issuer will not permit the Guaranteeing Subsidiary to, consolidate, amalgamate or merge with or into or wind up into (whether or not the Guaranteeing
Subsidiary is the surviving corporation), or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties or assets in one or more related transactions to, any Person unless: 
 (1) either (a) such Guaranteeing Subsidiary is the surviving Person or the Person formed by or surviving any such
consolidation, amalgamation or merger (if other than the Guaranteeing Subsidiary) or to which such sale, assignment, transfer, lease, conveyance or other disposition will have been made is a corporation, partnership or limited liability company
organized or existing under the laws of the United States, any state thereof, the District of Columbia, or any territory thereof (the Guaranteeing Subsidiary or such Person, as the case may be, being herein called the “Successor Note
Guarantor”) and the Successor Note Guarantor (if other than the Guaranteeing Subsidiary) expressly assumes all the obligations of the Guaranteeing Subsidiary under this Indenture and the Guaranteeing Subsidiary’s applicable Note
Guarantee pursuant to a supplemental indenture or other documents or instruments in form reasonably satisfactory to the Trustee, or (b) such sale or disposition or consolidation, amalgamation or merger is not in violation of Section 4.10
of the Indenture; 
  

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 (2) the Successor Note Guarantor (if other than the Guaranteeing Subsidiary)
shall have delivered or caused to be delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation, amalgamation, merger or transfer and such supplemental indenture (if any) comply with the
Indenture; and 
 (3) immediately after such transaction, no Default or Event of Default exists. 
 (b) Except as otherwise provided in the Indenture, the Successor Note Guarantor (if other than the Guaranteeing Subsidiary) will succeed to,
and be substituted for, the Guaranteeing Subsidiary under the Indenture and the Guaranteeing Subsidiary’s applicable Note Guarantee, and the Guaranteeing Subsidiary will automatically be released and discharged from its obligations under the
Indenture and the Guaranteeing Subsidiary’s applicable Note Guarantee, but in the case of a lease of all or substantially all of its assets, the Guaranteeing Subsidiary will not be released from its obligations under the Note Guarantee.
Notwithstanding the foregoing, (1) a Guaranteeing Subsidiary may merge, amalgamate or consolidate with an Affiliate incorporated solely for the purpose of reincorporating the Guaranteeing Subsidiary in another state of the United States, the
District of Columbia or any territory of the United States so long as the amount of Indebtedness, Preferred Stock and Disqualified Stock of the Guaranteeing Subsidiary is not increased thereby and (2) a Guaranteeing Subsidiary may merge,
amalgamate or consolidate with another Guaranteeing Subsidiary or the Issuer. 
 (c) In addition, notwithstanding the foregoing,
the Guaranteeing Subsidiary may consolidate, amalgamate or merge with or into or wind up into, or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties or assets (collectively, a
“Transfer”) to (x) the Issuer or any Note Guarantor or (y) any Restricted Subsidiary that is not a Note Guarantor; provided that at the time of each such Transfer pursuant to clause (y) the aggregate amount of
all such Transfers since the Issue Date shall not exceed the greater of $625.0 million and 5.0% of Total Assets after giving effect to each such Transfer and including all Transfers of the Guaranteeing Subsidiary and the Note Guarantors occurring
from and after the Issue Date (excluding Transfers in connection with the Transactions). 
 (5) Releases. 
 The Note Guarantee of the Guaranteeing Subsidiary shall be automatically and unconditionally released and discharged, and no further action
by the Guaranteeing Subsidiary, the Issuer or the Trustee is required for the release of the Guaranteeing Subsidiary’s Guarantee, upon: 
 (1)(a) the sale, disposition or other transfer (including through merger or consolidation) of the Capital Stock (including any sale, disposition or other transfer following which the Guaranteeing
Subsidiary is no longer a Restricted Subsidiary), of the Guaranteeing Subsidiary if such sale, disposition or other transfer is made in compliance with the applicable provisions of the Indenture; 
 (b) the Issuer designating the Guaranteeing Subsidiary to be an Unrestricted Subsidiary in accordance with the provisions set forth under
4.07 of the Indenture and the definition of “Unrestricted Subsidiary”; 
 (c) the release or discharge of such
Restricted Subsidiary from (x) its guarantee of Indebtedness under the Credit Agreement (including by reason of the termination of the Credit Agreement) and/or (y) the guarantee of Indebtedness of the Issuer or any Restricted Subsidiary of
the Issuer or such Restricted Subsidiary or the repayment of the Indebtedness or Disqualified Stock (except in each case a discharge or release by or as a result of payment under such guarantee) that resulted in the obligation to guarantee the
Notes, in the case of each of clauses (x) and (y) if the Guaranteeing Subsidiary would not then otherwise be required to guarantee the Notes pursuant to this Indenture; provided, that if

  

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such Person has incurred any Indebtedness or issued any Disqualified Stock in reliance on its status as a Note Guarantor under Section 4.09 of the Indenture, the Guaranteeing
Subsidiary’s obligations under such Indebtedness or Disqualified Stock, as the case may be, so Incurred are satisfied in full and discharged or are otherwise permitted to be Incurred under Section 4.09 of the Indenture; or 
 (d) the Issuer exercising its Legal Defeasance option or Covenant Defeasance option in accordance with Article 8 of the Indenture or the
Issuer’s obligations under the Indenture being discharged in accordance with the terms of the Indenture; and 
 (2) in the
case of clause (1)(a) above, the release of the Guaranteeing Subsidiary from its guarantee, if any, of, and all pledges and security, if any, granted in connection with, the Credit Agreement and any other Indebtedness of the Issuer or any
Restricted Subsidiary. 
 In addition, a Note Guarantee will also be automatically released upon the Guaranteeing Subsidiary ceasing to be a
Subsidiary as a result of any foreclosure of any pledge or security interest securing Bank Indebtedness or other exercise of remedies in respect thereof. 
 (6) No Recourse Against Others. No director, officer, employee, incorporator or holder of any Equity Interests of the Guaranteeing Subsidiary or any direct or indirect parent (other than the
Guaranteeing Subsidiary) shall have any liability for any obligations of the Issuer or the Note Guarantors (including the Guaranteeing Subsidiary) under the Notes, the Note Guarantees, the Indenture or this Supplemental Indenture or for any claim
based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting Notes waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 
 (7) Governing Law. THIS SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK. 
 (8) Counterparts/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. 
 (9) Effect of Headings. The
Section headings herein are for convenience only and shall not affect the construction hereof. 
 (10) The Trustee. The
Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the
Guaranteeing Subsidiary. 
 (11) Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of
Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is
continuing, the Guaranteeing Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall
have been paid in full. 
 (12) Benefits Acknowledged. The Guaranteeing Subsidiary’s Guarantee is subject to the
terms and conditions set forth in the Indenture. The Guaranteeing Subsidiary acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and this Supplemental Indenture and that the
guarantee and waivers made by it pursuant to this Note Guarantee are knowingly made in contemplation of such benefits. 
  

 5 

 (13) Successors. All agreements of the Guaranteeing Subsidiary in this Supplemental
Indenture shall bind its successors, except as otherwise provided in Section 2(k) hereof or elsewhere in this Supplemental Indenture. All agreements of the Trustee in this Supplemental Indenture shall bind its successors. 
 [Signatures on following pages] 
  

 6 

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

			
	NRT REFERRAL NETWORK LLC
		
	By:	 	/S/    SETH
TRUWIT        
		 	Name: Seth Truwit
		 	Title: Senior Vice President and Assistant Secretary

 [Supplemental Indenture No. 13 (Senior Fixed Rate Notes)] 

			
	THE BANK OF NEW YORK MELLON (formerly known as THE BANK OF NEW YORK), as Trustee
		
	By:	 	/S/    FRANCA M.
FERRERA        
		 	Name: Franca M. Ferrera
		 	Title: Senior Associate

 [Supplemental Indenture No. 13 (Senior Fixed Rate Notes)]

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