Document:

EX-4.1

 Exhibit 4.1 

EXECUTION COPY 
  

 
  

WILLIAM LYON HOMES 
 INDENTURE

 Dated as of November 21, 2014 

U.S. BANK NATIONAL ASSOCIATION 

Trustee 
  

 
  

 TABLE OF CONTENTS 

 

									
	 	 	 	 	 	  	Page	 
	 ARTICLE I.
	 		  			
		 	DEFINITIONS AND INCORPORATION BY REFERENCE	  	 	1	  
				
		 	 Section 1.1.
	 	Definitions.	  	 	1	  
				
		 	 Section 1.2.
	 	Other Definitions.	  	 	5	  
				
		 	 Section 1.3.
	 	Incorporation by Reference of Trust Indenture Act.	  	 	5	  
				
		 	 Section 1.4.
	 	Rules of Construction.	  	 	5	  
			
	 ARTICLE II.
	 		  			
		 	THE SECURITIES	  	 	6	  
				
		 	 Section 2.1.
	 	Issuable in Series.	  	 	6	  
				
		 	 Section 2.2.
	 	Establishment of Terms of Series of Securities.	  	 	6	  
				
		 	 Section 2.3.
	 	Execution and Authentication.	  	 	9	  
				
		 	 Section 2.4.
	 	Registrar and Paying Agent.	  	 	10	  
				
		 	 Section 2.5.
	 	Paying Agent to Hold Money in Trust.	  	 	10	  
				
		 	 Section 2.6.
	 	Securityholder Lists.	  	 	11	  
				
		 	 Section 2.7.
	 	Transfer and Exchange.	  	 	11	  
				
		 	 Section 2.8.
	 	Mutilated, Destroyed, Lost and Stolen Securities.	  	 	11	  
				
		 	 Section 2.9.
	 	Outstanding Securities.	  	 	12	  
				
		 	 Section 2.10.
	 	Treasury Securities.	  	 	13	  
				
		 	 Section 2.11.
	 	Temporary Securities.	  	 	13	  
				
		 	 Section 2.12.
	 	Cancellation.	  	 	13	  
				
		 	 Section 2.13.
	 	Defaulted Interest.	  	 	13	  
				
		 	 Section 2.14.
	 	Global Securities.	  	 	14	  
				
		 	 Section 2.15.
	 	CUSIP Numbers.	  	 	15	  
			
	 ARTICLE III.
	 		  			
		 	REDEMPTION	  	 	15	  
				
		 	 Section 3.1.
	 	Notice to Trustee.	  	 	15	  
				
		 	 Section 3.2.
	 	Selection of Securities to be Redeemed.	  	 	16	  
				
		 	 Section 3.3.
	 	Notice of Redemption.	  	 	16	  
				
		 	 Section 3.4.
	 	Effect of Notice of Redemption.	  	 	17	  
				
		 	 Section 3.5.
	 	Deposit of Redemption Price.	  	 	17	  
				
		 	 Section 3.6.
	 	Securities Redeemed in Part.	  	 	17	  

  
 i 

									
	ARTICLE IV.	 		  			
		 	COVENANTS	  	 	18	  
				
		 	Section 4.1.	 	Payment of Principal and Interest.	  	 	18	  
				
		 	Section 4.2.	 	SEC Reports.	  	 	18	  
				
		 	Section 4.3.	 	Compliance Certificate.	  	 	18	  
				
		 	Section 4.4.	 	Stay, Extension and Usury Laws.	  	 	19	  
				
		 	Section 4.5.	 	Further Instruments and Acts.	  	 	19	  
			
	ARTICLE V.	 		  			
		 	SUCCESSORS	  	 	19	  
				
		 	Section 5.1.	 	When Company May Merge, Etc.	  	 	19	  
				
		 	Section 5.2.	 	Successor Corporation Substituted.	  	 	19	  
			
	ARTICLE VI.	 		  			
		 	DEFAULTS AND REMEDIES	  	 	20	  
				
		 	Section 6.1.	 	Events of Default.	  	 	20	  
				
		 	Section 6.2.	 	Acceleration of Maturity; Rescission and Annulment.	  	 	21	  
				
		 	Section 6.3.	 	Collection of Indebtedness and Suits for Enforcement by Trustee.	  	 	22	  
				
		 	Section 6.4.	 	Trustee May File Proofs of Claim.	  	 	23	  
				
		 	Section 6.5.	 	Trustee May Enforce Claims Without Possession of Securities.	  	 	23	  
				
		 	Section 6.6.	 	Application of Money Collected.	  	 	24	  
				
		 	Section 6.7.	 	Limitation on Suits.	  	 	24	  
				
		 	Section 6.8.	 	Unconditional Right of Holders to Receive Principal and Interest.	  	 	25	  
				
		 	Section 6.9.	 	Restoration of Rights and Remedies.	  	 	25	  
				
		 	Section 6.10.	 	Rights and Remedies Cumulative.	  	 	25	  
				
		 	Section 6.11.	 	Delay or Omission Not Waiver.	  	 	25	  
				
		 	Section 6.12.	 	Control by Holders.	  	 	25	  
				
		 	Section 6.13.	 	Waiver of Past Defaults.	  	 	26	  
				
		 	Section 6.14.	 	Undertaking for Costs.	  	 	26	  
			
	ARTICLE VII.	 		  			
		 	TRUSTEE	  	 	27	  
				
		 	Section 7.1.	 	Duties of Trustee.	  	 	27	  
				
		 	Section 7.2.	 	Rights of Trustee.	  	 	28	  
				
		 	Section 7.3.	 	Individual Rights of Trustee.	  	 	29	  
				
		 	Section 7.4.	 	Trustee’s Disclaimer.	  	 	29	  
				
		 	Section 7.5.	 	Notice of Defaults.	  	 	30	  
				
		 	Section 7.6.	 	Reports by Trustee to Holders.	  	 	30	  

  
 ii 

									
		 	Section 7.7.	 	Compensation and Indemnity.	  	 	30	  
				
		 	Section 7.8.	 	Replacement of Trustee.	  	 	31	  
				
		 	Section 7.9.	 	Successor Trustee by Merger, Etc.	  	 	32	  
				
		 	Section 7.10.	 	Eligibility; Disqualification.	  	 	32	  
				
		 	Section 7.11.	 	Preferential Collection of Claims Against Company.	  	 	32	  
			
	ARTICLE VIII.	 		  			
		 	SATISFACTION AND DISCHARGE; DEFEASANCE	  	 	33	  
				
		 	Section 8.1.	 	Satisfaction and Discharge of Indenture.	  	 	33	  
				
		 	Section 8.2.	 	Application of Trust Funds; Indemnification.	  	 	34	  
				
		 	Section 8.3.	 	Legal Defeasance of Securities of any Series.	  	 	34	  
				
		 	Section 8.4.	 	Covenant Defeasance.	  	 	36	  
				
		 	Section 8.5.	 	Repayment.	  	 	37	  
				
		 	Section 8.6.	 	Reinstatement.	  	 	37	  
			
	ARTICLE IX.	 		  			
		 	AMENDMENTS AND WAIVERS	  	 	38	  
				
		 	Section 9.1.	 	Without Consent of Holders.	  	 	38	  
				
		 	Section 9.2.	 	With Consent of Holders.	  	 	39	  
				
		 	Section 9.3.	 	Limitations.	  	 	40	  
				
		 	Section 9.4.	 	Compliance with Trust Indenture Act.	  	 	40	  
				
		 	Section 9.5.	 	Revocation and Effect of Consents.	  	 	41	  
				
		 	Section 9.6.	 	Notation on or Exchange of Securities.	  	 	41	  
				
		 	Section 9.7.	 	Trustee Protected.	  	 	41	  
			
	ARTICLE X.	 		  			
		 	MISCELLANEOUS	  	 	42	  
				
		 	Section 10.1.	 	Trust Indenture Act Controls.	  	 	42	  
				
		 	Section 10.2.	 	Notices.	  	 	42	  
				
		 	Section 10.3.	 	Communication by Holders with Other Holders.	  	 	43	  
				
		 	Section 10.4.	 	Certificate and Opinion as to Conditions Precedent.	  	 	43	  
				
		 	Section 10.5.	 	Statements Required in Certificate or Opinion.	  	 	43	  
				
		 	Section 10.6.	 	Rules by Trustee and Agents.	  	 	44	  
				
		 	Section 10.7.	 	Legal Holidays.	  	 	44	  
				
		 	Section 10.8.	 	No Recourse Against Others.	  	 	44	  
				
		 	Section 10.9.	 	Counterparts.	  	 	44	  
				
		 	Section 10.10.	 	Governing Law.	  	 	45	  
				
		 	Section 10.11.	 	No Adverse Interpretation of Other Agreements.	  	 	45	  

  
 iii 

									
		 	Section 10.12.	 	Successors.	  	 	45	  
				
		 	Section 10.13.	 	Severability.	  	 	45	  
				
		 	Section 10.14.	 	Table of Contents, Headings, Etc.	  	 	45	  
				
		 	Section 10.15.	 	Securities in a Foreign Currency.	  	 	45	  
				
		 	Section 10.16.	 	Judgment Currency.	  	 	46	  
				
		 	Section 10.17.	 	Force Majeure.	  	 	46	  
				
		 	Section 10.18.	 	Waiver of Jury Trial.	  	 	47	  
				
		 	Section 10.19.	 	Patriot Act.	  	 	47	  
				
		 	Section 10.20.	 	When Securities Disregarded.	  	 	47	  
			
	ARTICLE XI.	 		  			
		 	SINKING FUNDS	  	 	47	  
				
		 	Section 11.1.	 	Applicability of Article.	  	 	47	  
				
		 	Section 11.2.	 	Satisfaction of Sinking Fund Payments with Securities.	  	 	48	  
				
		 	Section 11.3.	 	Redemption of Securities for Sinking Fund.	  	 	48	  
		
	ARTICLE XII.	  			
		 	GUARANTEES	  	 	49	  
				
		 	Section 12.1.	 	Guarantees.	  	 	49	  

  
 iv 

 WILLIAM LYON HOMES 

Reconciliation and tie between Trust Indenture Act of 1939 and 

Indenture, dated as of November 21, 2014 
  

					
	 § 310(a)(1)
	 		  	7.10
	 (a)(2)
	 		  	7.10
	 (a)(3)
	 		  	Not Applicable
	 (a)(4)
	 		  	Not Applicable
	 (a)(5)
	 		  	7.10
	 (b)
	 		  	7.10
	 § 311(a)
	 		  	7.11
	 (b)
	 		  	7.11
	 (c)
	 		  	Not Applicable
	 § 312(a)
	 		  	2.6
	 (b)
	 		  	10.3
	 (c)
	 		  	10.3
	 § 313(a)
	 		  	7.6
	 (b)(1)
	 		  	7.6
	 (b)(2)
	 		  	7.6
	 (c)(1)
	 		  	7.6
	 (d)
	 		  	7.6
	 § 314(a)
	 		  	4.2, 10.5
	 (b)
	 		  	Not Applicable
	 (c)(1)
	 		  	10.4
	 (c)(2)
	 		  	10.4
	 (c)(3)
	 		  	Not Applicable
	 (d)
	 		  	Not Applicable
	 (e)
	 		  	10.5
	 (f)
	 		  	Not Applicable
	 § 315(a)
	 		  	7.1
	 (b)
	 		  	7.5
	 (c)
	 		  	7.1
	 (d)
	 		  	7.1
	 (e)
	 		  	6.14
	 § 316(a)
	 		  	2.10
	 (a)(1)(A)
	 		  	6.12
	 (a)(1)(B)
	 		  	6.13
	 (b)
	 		  	6.8
	 § 317(a)(1)
	 		  	6.3
	 (a)(2)
	 		  	6.4
	 (b)
	 		  	2.5
	 § 318(a)
	 		  	10.1

  
 Note: This
reconciliation and tie shall not, for any purpose, be deemed to be part of the Indenture. 

  
 v 

 Indenture, dated as of November 21, 2014, between WILLIAM LYON HOMES, a corporation
incorporated under the laws of the State of Delaware (“Company”), and U.S. BANK NATIONAL ASSOCIATION (“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 Securities issued
under this Indenture. 
 ARTICLE I. 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.1. Definitions. 

“Additional Amounts” means any additional amounts which are required hereby or by any Security, under circumstances specified
herein or therein, to be paid by the Company in respect of certain taxes imposed on Holders specified herein or therein and which are owing to such Holders. 

“Affiliate” of any specified person means any other person directly or indirectly controlling or controlled by or under
common control with such specified person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlled by” and “under common control with”), as used with respect to any
person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such person, whether through the ownership of voting securities or by agreement or otherwise. 

“Agent” means any Registrar, Paying Agent or Notice Agent. 

“Board of Directors” means the board of directors of the Company or any duly authorized committee thereof. 

“Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have
been adopted by the Board of Directors or pursuant to authorization by the Board of Directors and to be in full force and effect on the date of the certificate and delivered to the Trustee. 

“Business Day” means, unless otherwise provided by Board Resolution, Officer’s Certificate or supplemental indenture
hereto for a particular Series, any day except a Saturday, Sunday or a legal holiday in The City of New York, New York (or in connection with any payment, the place of payment) on which banking institutions are authorized or required by law,
regulation or executive order to close. 
 “Capital Stock” of any Person means any and all shares, interests, rights to
purchase, warrants, options, participations or other equivalents of or interests in (however designated) equity of such Person, including any preferred stock, but excluding any debt securities convertible into such equity. 

“Company” means the party named as such above until a successor replaces it and thereafter means the successor. 

 “Company Order” means a written order signed in the name of the Company by an
Officer. 
 “Corporate Trust Office” means the office of the Trustee at which at any particular time its corporate trust
business related to this Indenture shall be principally administered, which shall be the address of the Trustee specified in Section 10.2 or such other address as to which the Trustee may give notice to the Company. 

“Default” means any event which is, or after notice or passage of time or both would be, an Event of Default. 

“Depositary” means, with respect to the Securities of any Series issuable or issued in whole or in part in the form of one or
more Global Securities, the person designated as Depositary for such Series by the Company, which Depositary shall be a clearing agency registered under the Exchange Act; and if at any time there is more than one such person, “Depositary”
as used with respect to the Securities of any Series shall mean the Depositary with respect to the Securities of such Series. 

“Discount Security” means any Security that provides for an amount less than the stated principal amount thereof to be due
and payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.2. 
 “Dollars” and
“$” means the currency of The United States of America. 
 “Exchange Act” means the Securities Exchange
Act of 1934, as amended. 
 “Foreign Currency” means any currency or currency unit issued by a government other than the
government of The United States of America. 
 “Foreign Government Obligations” means, with respect to Securities of any
Series that are denominated in a Foreign Currency, direct obligations of, or obligations guaranteed by, the government that issued or caused to be issued such currency for the payment of which obligations its full faith and credit is pledged and
which are not callable or redeemable at the option of the issuer thereof. 
 “GAAP” means accounting principles generally
accepted in the United States of America set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting
Standards Board or in such other statements by such other entity as have been approved by a significant segment of the accounting profession, which are in effect as of the date of determination. 

“Global Security” or “Global Securities” means a Security or Securities, as the case may be, in the form
established pursuant to Section 2.2 evidencing all or part of a Series of Securities, issued to the Depositary for such Series or its nominee, and registered in the name of such Depositary or nominee. 

  
 2 

 “Guarantee” means a guarantee of any Securities by a Guarantor as contemplated
by Article XII, provided that the term “Guarantee,” when used with respect to any Security or with respect to any Series of Securities means a guarantee of such Security or of such Series of Securities, respectively, by a Guarantor of such
Security or such Series of Securities, respectively, as contemplated by Article XII. 
 “Guarantor” means any person that
issues a Guarantee of any Security of any Series, either on the date such Security is issued or after such date, in accordance with or pursuant to the terms of this Indenture, provided that, upon the release and discharge of such person from its
Guarantee in accordance with or pursuant to this Indenture, such person shall cease to be a Guarantor. 
 “Guarantor Order”
means a written order signed in the name of the Guarantor by an Officer thereof. 
 “Holder” or
“Securityholder” means a person in whose name a Security is registered. 
 “Indenture” means this
Indenture as amended or supplemented from time to time and shall include the form and terms of particular Series of Securities established as contemplated hereunder. 

“interest” with respect to any Discount Security which by its terms bears interest only after Maturity, means interest
payable after Maturity. 
 “Maturity,” when used with respect to any Security, means the date on which the principal of
such Security becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise. 

“Officer” means the Chief Executive Officer, President, the Chief Financial Officer, the Treasurer or any Assistant
Treasurer, the Secretary or any Assistant Secretary, and any Vice President of the Company (in the case of an Officer’s Certificate to be delivered by a Guarantor, and in the case of a Guarantor Order, of such Guarantor). 

“Officer’s Certificate” means a certificate signed by any Officer. 

“Opinion of Counsel” means a written opinion of legal counsel who is acceptable to the Trustee. The counsel may be an
employee of or counsel to the Company or any Guarantor. 
 “person” means any individual, corporation, partnership, joint
venture, association, limited liability company, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof or any other entity. 

“principal” of a Security means the principal of the Security plus, when appropriate, the premium, if any, on, and any
Additional Amounts in respect of, the Security. 

  
 3 

 “Responsible Officer” means any officer of the Trustee in its Corporate Trust
Office having responsibility for administration of this Indenture and also means, with respect to a particular corporate trust matter, any other officer to whom any corporate trust matter is referred because of his or her knowledge of and
familiarity with a particular subject. 
 “SEC” means the Securities and Exchange Commission. 

“Securities” means the debentures, notes or other debt instruments of the Company of any Series authenticated and delivered
under this Indenture. 
 “Series” or “Series of Securities” means each series of debentures, notes or
other debt instruments of the Company created pursuant to Sections 2.1 and 2.2 hereof. 
 “Stated Maturity” when used with
respect to any Security, means the date specified in such Security as the fixed date on which the principal of such Security or interest is due and payable. 

“Subsidiary” of any specified person means any corporation, association, partnership or other business entity of which more
than 50% of the total voting power of shares of Capital Stock or other interests (including partnership interests) entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is
at the time owned or controlled, directly or indirectly, by such person or one or more of the other Subsidiaries of that person or a combination thereof. 

“TIA” means the Trust Indenture Act of 1939 (15 U.S. Code §§ 77aaa-77bbbb) as in effect on the date of this
Indenture; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “TIA” means, to the extent required by any such amendment, the Trust Indenture Act as so amended. 

“Trustee” means the person named as the “Trustee” in the first paragraph of this instrument until a successor
Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each person who is then a Trustee hereunder, and if at any time there is more than one such person,
“Trustee” as used with respect to the Securities of any Series shall mean the Trustee with respect to Securities of that Series. 

“U.S. Government Obligations” means securities which are direct obligations of, or guaranteed by, The United States of
America for the payment of which its full faith and credit is pledged and which 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 Obligation 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 depository 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 evidenced by such
depositary receipt. 

  
 4 

 Section 1.2. Other Definitions. 

 

			
	 TERM
	  	DEFINED IN
SECTION
	 “Bankruptcy Law”
	  	6.1
	 “Custodian”
	  	6.1
	 “Event of Default”
	  	6.1
	 “Judgment Currency”
	  	10.16
	 “Legal Holiday”
	  	10.7
	 “mandatory sinking fund payment”
	  	11.1
	 “Market Exchange Rate”
	  	10.15
	 “New York Banking Day”
	  	10.16
	 “Notice Agent”
	  	2.4
	 “optional sinking fund payment”
	  	11.1
	 “Patriot Act”
	  	10.19
	 “Paying Agent”
	  	2.4
	 “Registrar”
	  	2.4
	 “Required Currency”
	  	10.16
	 “successor person”
	  	5.1

 Section 1.3. 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: 
 “Commission” means the SEC. 

“indenture securities” means the Securities. 

“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 (and, if such indenture securities are guaranteed by any Guarantor,
each such Guarantor) and any successor obligor upon the Securities. 
 All other terms used in this Indenture that are defined by the TIA,
defined by TIA reference to another statute or defined by SEC rule under the TIA and not otherwise defined herein are used herein as so defined. 

Section 1.4. Rules of Construction. 

Unless the context otherwise requires. 

  
 5 

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

(b) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 

(c) “or” is not exclusive; 

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

(e) provisions apply to successive events and transactions. 

ARTICLE II. 
 THE SECURITIES 

Section 2.1. Issuable in Series. 

The aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited. The Securities may be
issued in one or more Series. All Securities of a Series shall be identical except as may be set forth or determined in the manner provided in a Board Resolution, a supplemental indenture or an Officer’s Certificate detailing the adoption of
the terms thereof pursuant to authority granted under a Board Resolution. In the case of Securities of a Series to be issued from time to time, the Board Resolution, Officer’s Certificate or supplemental indenture detailing the adoption of the
terms thereof pursuant to authority granted under a Board Resolution may provide for the method by which specified terms (such as interest rate, maturity date, record date or date from which interest shall accrue) are to be determined. Securities
may differ between Series in respect of any matters, provided that all Series of Securities shall be equally and ratably entitled to the benefits of the Indenture. 

Section 2.2. Establishment of Terms of Series of Securities. 

At or prior to the issuance of any Securities within a Series, the following shall be established (as to the Series generally, in the case of
Subsection 2.2.1 and either as to such Securities within the Series or as to the Series generally in the case of Subsections 2.2.2 through 2.2.23) by or pursuant to a Board Resolution, and set forth or determined in the manner provided in a
Board Resolution, supplemental indenture hereto or Officer’s Certificate: 
 2.2.1. the title (which shall distinguish the Securities
of that particular Series from the Securities of any other Series) and ranking (including the terms of any subordination provisions) of the Series; 

2.2.2. the price or prices (expressed as a percentage of the principal amount thereof) at which the Securities of the Series will be issued;

 2.2.3. any limit upon the aggregate principal amount of the Securities of the Series which may be authenticated and delivered under this
Indenture (except for Securities 

  
 6 

 
authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the Series pursuant to Section 2.7, 2.8, 2.11, 3.6 or 9.6); 

2.2.4. the date or dates on which the principal of the Securities of the Series is payable; 

2.2.5. the rate or rates (which may be fixed or variable) per annum or, if applicable, the method used to determine such rate or rates
(including, but not limited to, any commodity, commodity index, stock exchange index or financial index) at which the Securities of the Series shall bear interest, if any, the date or dates from which such interest, if any, shall accrue, the date or
dates on which such interest, if any, shall commence and be payable and any regular record date for the interest payable on any interest payment date; 

2.2.6. the place or places where the principal of and interest, if any, on the Securities of the Series shall be payable, where the Securities
of such Series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of such Series and this Indenture may be delivered, and the method of such payment, if by
wire transfer, mail or other means; 
 2.2.7. if applicable, the period or periods within which, the price or prices at which and the terms
and conditions upon which the Securities of the Series may be redeemed, in whole or in part, at the option of the Company; 
 2.2.8. the
obligation, if any, of the Company to redeem or purchase the Securities of the Series pursuant to any sinking fund or analogous provisions or at the option of a Holder thereof and the period or periods within which, the price or prices at which and
the terms and conditions upon which Securities of the Series shall be redeemed or purchased, in whole or in part, pursuant to such obligation; 

2.2.9. the dates, if any, on which and the price or prices at which the Securities of the Series will be repurchased by the Company at the
option of the Holders thereof and other detailed terms and provisions of such repurchase obligations; 
 2.2.10. if other than denominations
of $1,000 and any integral multiple thereof, the denominations in which the Securities of the Series shall be issuable; 
 2.2.11. the forms
of the Securities of the Series and whether the Securities will be issuable as Global Securities; 
 2.2.12. if other than the principal
amount thereof, the portion of the principal amount of the Securities of the Series that shall be payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.2; 

2.2.13. the currency of denomination (if other than Dollars) of the Securities of the Series, which may be Dollars or any Foreign Currency,
and if such currency of denomination is a composite currency, the agency or organization, if any, responsible for overseeing such composite currency; 

  
 7 

 2.2.14. the designation of the currency, currencies or currency units (if other than Dollars) in
which payment of the principal of and interest, if any, on the Securities of the Series will be made; 
 2.2.15. if payments of principal of
or interest, if any, on the Securities of the Series are to be made in one or more currencies or currency units other than that or those in which such Securities are denominated, the manner in which the exchange rate with respect to such payments
will be determined; 
 2.2.16. the manner in which the amounts of payment of principal of or interest, if any, on the Securities of the
Series will be determined, if such amounts may be determined by reference to an index based on a currency or currencies or by reference to a commodity, commodity index, stock exchange index or financial index; 

2.2.17. the provisions, if any, relating to any security provided for the Securities of the Series; 

2.2.18. any addition to, deletion of or change in the Events of Default which applies to any Securities of the Series and any change in the
right of the Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 6.2; 

2.2.19. any addition to, deletion of or change in the covenants set forth in Articles IV or V which applies to Securities of the Series; 

2.2.20. any Depositaries, interest rate calculation agents, exchange rate calculation agents or other agents with respect to Securities of
such Series if other than those appointed herein; 
 2.2.21. the provisions, if any, relating to conversion or exchange of any Securities of
such Series, including if applicable, the conversion or exchange price, the conversion or exchange period, provisions as to whether conversion or exchange will be mandatory, at the option of the Holders thereof or at the option of the Company, the
events requiring an adjustment of the conversion price or exchange price and provisions affecting conversion or exchange if such Series of Securities are redeemed; 

2.2.22. any other terms of the Series (which may supplement, modify or delete any provision of this Indenture insofar as it applies to such
Series), including any terms that may be required under applicable law or regulations or advisable in connection with the marketing of Securities of that Series; and 

2.2.23. whether any of the Company’s direct or indirect Subsidiaries will guarantee the Securities of that Series, including the terms of
subordination, if any, of such Guarantees. 
 All Securities of any one Series need not be issued at the same time and may be issued from
time to time, consistent with the terms of this Indenture, if so provided by or 

  
 8 

 
pursuant to the Board Resolution, supplemental indenture hereto or Officer’s Certificate referred to above. 

Section 2.3. Execution and Authentication. 

An Officer shall sign the Securities for the Company by manual or facsimile signature. 

If an Officer whose signature is on a Security no longer holds that office at the time the Security is authenticated, the Security shall
nevertheless be valid. 
 A Security shall not be valid until authenticated by the manual or facsimile signature of the Trustee or an
authenticating agent. The signature shall be conclusive evidence that the Security has been authenticated under this Indenture. 
 The
Trustee shall at any time, and from time to time, authenticate Securities for original issue in the principal amount provided in the Board Resolution, supplemental indenture hereto or Officer’s Certificate, upon receipt by the Trustee of a
Company Order. Each Security shall be dated the date of its authentication. 
 The aggregate principal amount of Securities of any Series
outstanding at any time may not exceed any limit upon the maximum principal amount for such Series set forth in the Board Resolution, supplemental indenture hereto or Officer’s Certificate delivered pursuant to Section 2.2, except as
provided in Section 2.8. 
 Prior to the issuance of Securities of any Series, the Trustee shall have received and (subject to
Section 7.2) shall be fully protected in relying on: (a) the Board Resolution, supplemental indenture hereto or Officer’s Certificate establishing the form of the Securities of that Series or of Securities within that Series and the
terms of the Securities of that Series or of Securities within that Series, (b) an Officer’s Certificate complying with Section 10.4, and (c) an Opinion of Counsel complying with Section 10.4. 

The Trustee shall have the right to decline to authenticate and deliver any Securities of such Series: (a) if the Trustee, being advised
by counsel, determines that such action may not be taken lawfully; or (b) if the Trustee in good faith by its board of directors or trustees, executive committee or a trust committee of directors and/or vice-presidents or a committee of
Responsible Officers shall determine that such action would expose the Trustee to personal liability to Holders of any then outstanding Series of Securities. 

The Trustee may appoint an authenticating agent acceptable to the Company to authenticate Securities. An authenticating agent may authenticate
Securities whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an Agent to deal with the Company or an Affiliate of
the Company. 

  
 9 

 Section 2.4. Registrar and Paying Agent. 

The Company shall maintain, with respect to each Series of Securities, at the place or places specified with respect to such Series pursuant
to Section 2.2, an office or agency where Securities of such Series may be presented or surrendered for payment (“Paying Agent”), where Securities of such Series may be surrendered for registration of transfer or exchange
(“Registrar”) and where notices and demands to or upon the Company in respect of the Securities of such Series and this Indenture may be delivered (“Notice Agent”). The Registrar shall keep a register with respect
to each Series of Securities and to their transfer and exchange. The Company will give prompt written notice to the Trustee of the name and address, and any change in the name or address, of each Registrar, Paying Agent or Notice Agent. If at any
time the Company shall fail to maintain any such required Registrar, Paying Agent or Notice Agent or shall fail to furnish the Trustee with the name and address thereof, such presentations, surrenders, notices and demands may be made or served at
the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands. 

The Company may also from time to time designate one or more co-registrars, additional paying agents or additional notice agents and may from
time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligations to maintain a Registrar, Paying Agent and Notice Agent in each place so
specified pursuant to Section 2.2 for Securities of any Series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the name or address of any such
co-registrar, additional paying agent or additional notice agent. The term “Registrar” includes any co-registrar; the term “Paying Agent” includes any additional paying agent; and the term “Notice
Agent” includes any additional notice agent. The Company or any of its Affiliates may serve as Registrar or Paying Agent. 
 The
Company hereby appoints the Trustee the initial Registrar, Paying Agent and Notice Agent for each Series unless another Registrar, Paying Agent or Notice Agent, as the case may be, is appointed prior to the time Securities of that Series are first
issued. 
 Section 2.5. Paying Agent to Hold Money in Trust. 

The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold in trust, for the
benefit of Securityholders of any Series of Securities, or the Trustee, all money held by the Paying Agent for the payment of principal of or interest on the Series of Securities, and will notify the Trustee in writing of any default by the Company
in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon
payment over to the Trustee, the Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further liability for the money. If the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate and hold
in a separate trust fund for the benefit of Securityholders of any Series of Securities all money held by it as Paying Agent. Upon any 

  
 10 

 
bankruptcy, reorganization or similar proceeding with respect to the Company, the Trustee shall serve as Paying Agent for the Securities. 

Section 2.6. 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 of each Series of Securities and shall otherwise comply with TIA § 312(a). If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least ten days before each 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 of each Series of Securities. 

Section 2.7. Transfer and Exchange. 

Where Securities of a Series are presented to the Registrar or a co-registrar with a request to register a transfer or to exchange them for an
equal principal amount of Securities of the same Series, the Registrar shall register the transfer or make the exchange if its requirements for such transactions are met. To permit registrations of transfers and exchanges, the Trustee shall
authenticate Securities at the Registrar’s request. No service charge shall be made for any registration of transfer or exchange (except as otherwise expressly permitted herein), but the Company may require payment of a sum sufficient to cover
any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer tax or similar governmental charge payable upon exchanges pursuant to Sections 2.11, 3.6 or 9.6). 

Neither the Company nor the Registrar shall be required (a) to issue, register the transfer of, or exchange Securities of any Series for
the period beginning at the opening of business fifteen days immediately preceding the sending of a notice of redemption of Securities of that Series selected for redemption and ending at the close of business on the day such notice is sent, or
(b) to register the transfer of or exchange Securities of any Series selected, called or being called for redemption as a whole or the portion being redeemed of any such Securities selected, called or being called for redemption in part. 

Prior to the due presentation for registration of transfer of any Security, the Company, the Trustee, the Paying Agent and the Registrar may
deem and treat the Person in whose name a Security is registered as the absolute owner of such Security for the purpose of receiving payment of principal of and (subject to the terms of the Securities) interest, if any, on such Security and for all
other purposes whatsoever, whether or not such Security is overdue, and none of the Company, the Trustee, the Paying Agent or the Registrar shall be affected by notice to the contrary. 

Section 2.8. Mutilated, Destroyed, Lost and Stolen Securities. 

If any mutilated Security is surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and deliver in exchange
therefor a new Security of the same Series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 

  
 11 

 If there shall be delivered to the Company and the Trustee (i) evidence to their
satisfaction of the destruction, loss or theft of any Security and (ii) such security or indemnity bond as may be required by each of them to hold itself and any of its agents harmless, then, in the absence of notice to the Company or the
Trustee that such Security has been acquired by a bona fide purchaser, the Company shall execute and upon its request the Trustee shall authenticate and make available for delivery, in lieu of any such destroyed, lost or stolen Security, a new
Security of the same Series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 
 In case any
such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security. 

Upon the issuance of any new Security under this Section, the Company may require the payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 

Every new Security of any Series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an
original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with
any and all other Securities of that Series duly issued hereunder. 
 The provisions of this Section are exclusive and shall preclude
(to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 

Section 2.9. Outstanding Securities. 

The Securities outstanding at any time are all the Securities authenticated by the Trustee except for those canceled by it, those delivered to
it for cancellation, those reductions in the interest on a Global Security effected by the Trustee in accordance with the provisions hereof and those described in this Section as not outstanding. 

If a Security is replaced pursuant to Section 2.8, it ceases to be outstanding until the Trustee receives proof satisfactory to it that
the replaced Security is held by a bona fide purchaser. 
 If the Paying Agent (other than the Company, a Subsidiary of the Company or an
Affiliate of the Company) holds on the Maturity of Securities of a Series money sufficient to pay such Securities payable on that date, then on and after that date such Securities of the Series cease to be outstanding and interest on them ceases to
accrue. 
 The Company may purchase or otherwise acquire the Securities, whether by open market purchases, negotiated transactions or
otherwise. A Security does not cease to be outstanding because the Company or an Affiliate of the Company holds the Security (but see Section 2.10 below). 

  
 12 

 In determining whether the Holders of the requisite principal amount of outstanding Securities
have given any request, demand, authorization, direction, notice, consent or waiver hereunder, the principal amount of a Discount Security that shall be deemed to be outstanding for such purposes shall be the amount of the principal thereof that
would be due and payable as of the date of such determination upon a declaration of acceleration of the Maturity thereof pursuant to Section 6.2. 

Section 2.10. Treasury Securities. 

In determining whether the Holders of the required principal amount of Securities of a Series have concurred in any request, demand,
authorization, direction, notice, consent or waiver, Securities of a Series owned by the Company, any Guarantor of Securities of such Series or any Affiliate of the Company or any such Guarantor shall be disregarded, except that for the purposes of
determining whether the Trustee shall be protected in relying on any such request, demand, authorization, direction, notice, consent or waiver only Securities of a Series that a Responsible Officer of the Trustee knows are so owned shall be so
disregarded. 
 Section 2.11. Temporary Securities. 

Until definitive Securities are ready for delivery, the Company may prepare and the Trustee shall authenticate temporary Securities upon a
Company Order. 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 the
Trustee upon receipt of a Company Order shall authenticate definitive Securities of the same Series and date of maturity in exchange for temporary Securities. Until so exchanged, temporary securities shall have the same rights under this Indenture
as the definitive Securities. 
 Section 2.12. Cancellation. 

The Company at any time may deliver Securities to the Trustee for cancellation. The Registrar and the Paying Agent shall forward to the
Trustee any Securities surrendered to them for registration of transfer, exchange or payment. The Trustee shall cancel all Securities surrendered for transfer, exchange, payment, replacement or cancellation and shall destroy such canceled Securities
(subject to the record retention requirement of the Exchange Act and the Trustee) and deliver a certificate of such cancellation to the Company upon written request of the Company. The Company may not issue new Securities to replace Securities that
it has paid or delivered to the Trustee for cancellation. 
 Section 2.13. Defaulted Interest. 

If the Company defaults in a payment of interest on a Series of Securities, it shall pay the defaulted interest, plus, to the extent permitted
by law, any interest payable on the defaulted interest, to the persons who are Securityholders of the Series on a subsequent special record date. The Company shall fix the record date and payment date. At least 10 days before the special record
date, the Company shall mail to the Trustee and to each Securityholder of the Series a notice that states the special record date, the payment date and the amount of interest to be paid. The Company may pay defaulted interest in any other lawful
manner. 

  
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 Section 2.14. Global Securities. 

2.14.1. Terms of Securities. A Board Resolution, a supplemental indenture hereto or an Officer’s Certificate shall establish
whether the Securities of a Series shall be issued in whole or in part in the form of one or more Global Securities and the Depositary for such Global Security or Securities. 

2.14.2. Transfer and Exchange. Notwithstanding any provisions to the contrary contained in Section 2.7 and in addition thereto,
any Global Security shall be exchangeable pursuant to Section 2.7 of the Indenture for Securities registered in the names of Holders other than the Depositary for such Security or its nominee only if (i) such Depositary notifies the
Company that it is unwilling or unable to continue as Depositary for such Global Security or if at any time such Depositary ceases to be a clearing agency registered under the Exchange Act, and, in either case, the Company fails to appoint a
successor Depositary registered as a clearing agency under the Exchange Act within 90 days of such event or (ii) the Company executes and delivers to the Trustee an Officer’s Certificate to the effect that such Global Security shall be so
exchangeable. Any Global Security that is exchangeable pursuant to the preceding sentence shall be exchangeable for Securities registered in such names as the Depositary shall direct in writing in an aggregate principal amount equal to the principal
amount of the Global Security with like tenor and terms. 
 Except as provided in this Section 2.14.2, a Global Security may not be
transferred except as a whole by the Depositary with respect to such Global Security to a nominee of such Depositary, by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by the Depositary or any such nominee
to a successor Depositary or a nominee of such a successor Depositary. 
 2.14.3. Legends. Any Global Security issued hereunder shall
bear a legend in substantially the following form: 
 “THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR
ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH A SUCCESSOR DEPOSITARY.” 
 In addition, so long as the Depository
Trust Company (“DTC”) is the Depositary, each Global Note registered in the name of DTC or its nominee shall bear a legend in substantially the following form: 

  
 14 

 “UNLESS THIS GLOBAL NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY GLOBAL NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY
PERSON IS WRONGFUL INASMUCH THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.” 
 2.14.4. Acts of
Holders. The Depositary, as a Holder, may appoint agents and otherwise authorize participants to give or take any request, demand, authorization, direction, notice, consent, waiver or other action which a Holder is entitled to give or take under
the Indenture. 
 2.14.5. Payments. Notwithstanding the other provisions of this Indenture, unless otherwise specified as
contemplated by Section 2.2, payment of the principal of and interest, if any, on any Global Security shall be made to the Holder thereof. 

2.14.6. Consents, Declaration and Directions. The Company, the Guarantors, if any, the Trustee and any Agent shall treat a person as
the Holder of such principal amount of outstanding Securities of such Series represented by a Global Security as shall be specified in a written statement of the Depositary or by the applicable procedures of such Depositary with respect to such
Global Security, for purposes of obtaining any consents, declarations, waivers or directions required to be given by the Holders pursuant to this Indenture. 

Section 2.15. CUSIP Numbers. 

The Company in issuing the Securities may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use
“CUSIP” numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Securities or as contained
in any notice of a redemption and that reliance may be placed only on the other elements of identification printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such numbers. The Company will
promptly notify the Trustee in writing of any change in “CUSIP” numbers. 
 ARTICLE III. 

REDEMPTION 
 Section 3.1.
Notice to Trustee. 
 The Company may, with respect to any Series of Securities, reserve the right to redeem and pay the Series of
Securities or may covenant to redeem and pay the Series of Securities or any part thereof prior to the Stated Maturity thereof at such time and on such terms as provided for in such Securities. If a Series of Securities is redeemable and the Company

  
 15 

 
wants or is obligated to redeem prior to the Stated Maturity thereof all or part of the Series of Securities pursuant to the terms of such Securities, it shall notify the Trustee in writing of
the redemption date and the principal amount of Series of Securities to be redeemed. The Company shall give the notice at least 15 days before the redemption date, unless a shorter period is satisfactory to the Trustee. 

Section 3.2. Selection of Securities to be Redeemed. 

Unless otherwise indicated for a particular Series by a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, if
less than all the Securities of a Series are to be redeemed, the Securities of the Series to be redeemed will be selected as follows: (a) if the Securities are in the form of Global Securities, in accordance with the procedures of the
Depositary, (b) if the Securities are listed on any national securities exchange, in compliance with the requirements of the principal national securities exchange, if any, on which the Securities are listed, or (c) if not otherwise
provided for under clause (a) or (b) in the manner that the Trustee deems fair and appropriate, including by lot or other method, unless otherwise required by law or applicable stock exchange requirements, subject, in the case of Global
Securities, to the applicable rules and procedures of the Depositary. The Securities to be redeemed shall be selected from Securities of the Series outstanding not previously called for redemption. Portions of the principal of Securities of the
Series that have denominations larger than $1,000 may be selected for redemption. Securities of the Series and portions of them it selected for redemption shall be in amounts of $1,000 or whole multiples of $1,000 or, with respect to Securities of
any Series issuable in other denominations pursuant to Section 2.2.10, the minimum principal denomination for each Series and the authorized integral multiples thereof. Provisions of this Indenture that apply to Securities of a Series called
for redemption also apply to portions of Securities of that Series called for redemption. 
 Section 3.3. Notice of Redemption.

 Unless otherwise indicated for a particular Series by Board Resolution, a supplemental indenture hereto or an Officer’s Certificate,
at least 15 days but not more than 60 days before a redemption date, the Company shall send or cause to be sent by first-class mail or electronically, in accordance with the procedures of the Depositary, a notice of redemption to each Holder whose
Securities are to be redeemed. 
 Unless otherwise indicated for a particular Series by Board Resolution, a supplemental indenture hereto or
an Officer’s Certificate, the notice shall identify the Securities of the Series to be redeemed and shall state: 
 (a)
the redemption date; 
 (b) the redemption price; 

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

(d) if any Securities are being redeemed in part, the portion of the principal amount of such Securities to be redeemed and
that, after the redemption date and upon surrender of such Security, a new Security or Securities in principal amount equal to the 

  
 16 

 
unredeemed portion of the original Security shall be issued in the name of the Holder thereof upon cancellation of the original Security; 

(e) that Securities of the Series called for redemption must be surrendered to the Paying Agent to collect the redemption
price; 
 (f) that interest on Securities of the Series called for redemption ceases to accrue on and after the redemption
date unless the Company defaults in the deposit of the redemption price; 
 (g) the CUSIP number, if any; and 

(h) any other information as may be required by the terms of the particular Series or the Securities of a Series being
redeemed. 
 Unless otherwise indicated for a particular Series by Board Resolution, a supplemental indenture hereto or an Officer’s
Certificate, 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 has delivered to the Trustee, at least 10 days (unless a shorter time
shall be acceptable to the Trustee) prior to the notice date, an Officer’s Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice. 

Section 3.4. Effect of Notice of Redemption. 

Unless otherwise indicated for a particular Series by Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, once
notice of redemption is sent as provided in Section 3.3, Securities of a Series called for redemption become due and payable on the redemption date and at the redemption price. Except as otherwise provided in the supplemental indenture, Board
Resolution or Officer’s Certificate for a Series, a notice of redemption may not be conditional. Upon surrender to the Paying Agent, such Securities shall be paid at the redemption price plus accrued interest to the redemption date. 

Section 3.5. Deposit of Redemption Price. 

Unless otherwise indicated for a particular Series by Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, on
or before 11:00 a.m., New York City time, on the redemption date, the Company shall deposit with the Paying Agent money sufficient to pay the redemption price of and accrued interest, if any, on all Securities to be redeemed on that date. 

Section 3.6. Securities Redeemed in Part. 

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

  
 17 

 ARTICLE IV. 

COVENANTS 
 Section 4.1.
Payment of Principal and Interest. 
 The Company covenants and agrees for the benefit of the Holders of each Series of Securities
that it will duly and punctually pay the principal of and interest, if any, on the Securities of that Series in accordance with the terms of such Securities and this Indenture. On or before 11:00 a.m., New York City time, on the applicable payment
date, the Company shall deposit with the Paying Agent money sufficient to pay the principal of and interest, if any, on the Securities of each Series in accordance with the terms of such Securities and this Indenture. 

Section 4.2. SEC Reports. 

Unless otherwise indicated for a particular Series by Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, to
the extent any Securities of a Series are outstanding, the Company shall deliver to the Trustee within 15 days after it files them with the SEC copies of the annual reports and of the information, documents, and other reports (or copies of such
portions of any of the foregoing as the SEC may by rules and regulations prescribe) which the Company is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act. The Company also shall comply with the other provisions
of TIA § 314(a). Reports, information and documents filed with the SEC via the EDGAR system will be deemed to be delivered to the Trustee as of the time of such filing via EDGAR for purposes of this Section 4.2. 

Delivery of reports, information and documents to the Trustee under this Section 4.2 are for informational purposes only and the
Trustee’s receipt of the foregoing shall not constitute constructive or actual notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of their covenants
hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates). 
 Section 4.3. Compliance
Certificate. 
 To the extent any Securities of a Series are outstanding, the Company shall deliver to the Trustee, within 120 days
after the end of each fiscal year of the Company, an Officer’s Certificate complying with TIA § 314(a) stating that a review of the activities of the Company and its Subsidiaries during the preceding fiscal year has been made under the
supervision of the signing Officers with a view to determining whether the Company has kept, observed, performed and fulfilled its obligations under this Indenture, and further stating, as to each such Officer signing such certificate, that to the
best of his/her knowledge the Company has kept, observed, performed and fulfilled each and every covenant contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions hereof (or,
if a Default or Event of Default shall have occurred, describing all such Defaults or Events of Default of which the Officer may have knowledge). 

  
 18 

 Section 4.4. Stay, Extension and Usury Laws. 

The Company and each Guarantor covenants (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, extension or usury law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture or the Securities; and the
Company and each Guarantor (to the extent they may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not, by resort to any such law, 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 has been enacted. 

Section 4.5. Further Instruments and Acts. 

Upon the request of the Trustee, the Company will execute and deliver such further instruments and do such further act as may be reasonably
necessary or proper to carry out more effectively the purpose of this Indenture. 
 ARTICLE V. 

SUCCESSORS 
 Section 5.1.
When Company May Merge, Etc. 
 Unless otherwise indicated for a particular Series by Board Resolution, a supplemental indenture
hereto or an Officer’s Certificate, the Company shall not, directly or indirectly, consolidate with or merge with or into, or convey, transfer or lease all or substantially all of its properties and assets to, any person (a “successor
person”) unless: 
 (a) the Company is the surviving corporation or the successor person (if other than the Company)
is a corporation organized and validly existing under the laws of any U.S. domestic jurisdiction and expressly assumes the Company’s obligations on the Securities and under this Indenture; and 

(b) immediately after giving effect to the transaction, no Default or Event of Default, shall have occurred and be continuing.

 The Company shall deliver to the Trustee prior to the consummation of the proposed transaction an Officer’s Certificate to the
foregoing effect and an Opinion of Counsel stating that the proposed transaction and any supplemental indenture comply with this Indenture. 

Notwithstanding the above, any Subsidiary of the Company may consolidate with, merge into or transfer all or part of its properties to the
Company. Neither an Officer’s Certificate nor an Opinion of Counsel shall be required to be delivered in connection therewith. 

Section 5.2. Successor Corporation Substituted. 

Unless otherwise indicated for a particular Series by Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, upon
any consolidation or merger, or 

  
 19 

 
any sale, lease, conveyance or other disposition of all or substantially all of the assets of the Company in accordance with Section 5.1, the successor corporation formed by such
consolidation or into or with which the Company is merged or to which such sale, lease, conveyance or other disposition is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture
with the same effect as if such successor person has been named as the Company herein; provided, however, that the predecessor Company in the case of a sale, conveyance or other disposition (other than a lease) shall be released from
all obligations and covenants under this Indenture and the Securities. 
 ARTICLE VI. 

DEFAULTS AND REMEDIES 

Section 6.1. Events of Default. 

Unless otherwise indicated for a particular Series by Board Resolution, a supplemental indenture hereto or an Officer’s Certificate,
“Event of Default,” wherever used herein with respect to Securities of any Series, means any one of the following events: 

(a) default in the payment of any interest on any Security of that Series when it becomes due and payable, and continuance of
such default for a period of 30 days (unless the entire amount of such payment is deposited by the Company with the Trustee or with a Paying Agent prior to 11:00 a.m., New York City time, on the 30th day of such period); or 

(b) default in the payment of principal of any Security of that Series when it becomes due and payable, whether at its
Maturity, upon redemption, upon purchase, upon acceleration or otherwise; or 
 (c) default in the performance or breach of
any covenant or warranty of the Company in this Indenture (other than defaults pursuant to paragraphs (a) or (b) above or pursuant to a covenant or warranty that has been included in this Indenture solely for the benefit of Series of
Securities other than that Series), which default continues uncured for a period of 60 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25%
in principal amount of the outstanding Securities of that Series a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or 

(d) if the Securities of such Series are subject to a Guarantee of a Guarantor, such Guarantee shall for any reason cease to
be, or shall for any reason be asserted in writing by such Guarantor or the Company not to be, in full force and effect and enforceable in accordance with its terms, except to the extent contemplated or permitted by this Indenture or the terms of
the Securities of such Series; or 
 (e) the Company pursuant to or within the meaning of any Bankruptcy Law: 

(i) commences a voluntary case, 

  
 20 

 (ii) consents to the entry of an order for relief against it in an involuntary
case, 
 (iii) consents to the appointment of a Custodian of it or for all or substantially all of its property, 

(iv) makes a general assignment for the benefit of its creditors, or 

(v) generally is unable to pay its debts as the same become due; or 

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

(i) is for relief against the Company in an involuntary case, 

(ii) appoints a Custodian of the Company or for all or substantially all of its property, or 

(iii) orders the liquidation of the Company, 

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

(g) any other Event of Default provided with respect to Securities of that Series, which is specified in a Board Resolution, a
supplemental indenture hereto or an Officer’s Certificate, in accordance with Section 2.2.18. 
 The term “Bankruptcy
Law” means title 11, U.S. Code or any similar Federal or State law for the relief of debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law. 

The Company will provide the Trustee written of notice of any Default or Event of Default within 30 days of becoming aware of the occurrence
of such Default or Event of Default, which notice will describe in reasonable detail the status of such Default or Event of Default and what action the Company is taking or proposes to take in respect thereof. 

Section 6.2. Acceleration of Maturity; Rescission and Annulment. 

If an Event of Default with respect to Securities of any Series at the time outstanding occurs and is continuing (other than an Event of
Default referred to in Section 6.1(d) or (e)) then in every such case the Trustee or the Holders of not less than 25% in principal amount of the outstanding Securities of that Series may declare the principal amount (or, if any Securities of
that Series are Discount Securities, such portion of the principal amount as may be specified in the terms of such Securities) of and accrued and unpaid interest, if any, on all of the Securities of that Series to be due and payable immediately, by
a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount) and accrued and unpaid interest, if any, shall become immediately due and payable. If an Event of
Default specified in Section 6.1(d) or (e) shall occur, the principal amount (or specified amount) of and accrued and unpaid interest, if any, on all 

  
 21 

 
outstanding Securities shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. 

At any time after such a declaration of acceleration with respect to any Series has been made and before a judgment or decree for payment of
the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the outstanding Securities of that Series, by written notice to the Company and the Trustee, may rescind and
annul such declaration and its consequences if all Events of Default with respect to Securities of that Series, other than the non-payment of the principal and interest, if any, of Securities of that Series which have become due solely by such
declaration of acceleration, have been cured or waived as provided in Section 6.13. 
 No such rescission shall affect any subsequent
Default or impair any right consequent thereon. 
 Section 6.3. Collection of Indebtedness and Suits for Enforcement by Trustee.

 The Company covenants that if 

(a) default is made in the payment of any interest on any Security when such interest becomes due and payable and such default
continues for a period of 30 days, or 
 (b) default is made in the payment of principal of any Security at the Maturity
thereof, or 
 (c) default is made in the deposit of any sinking fund payment, if any, when and as due by the terms of a
Security, 
 then, the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities, the whole amount then
due and payable on such Securities for principal and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal and any overdue interest at the rate or rates prescribed therefor in such
Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 

If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, may
institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Company or any other obligor upon such Securities and collect the moneys
adjudged or deemed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities, wherever situated. 

If an Event of Default with respect to any Securities of any Series occurs and is continuing, the Trustee may in its discretion proceed to
protect and enforce its rights and the rights of the Holders of Securities of such Series by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific

  
 22 

 
enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 

Section 6.4. Trustee May File Proofs of Claim. 

In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or
other judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities shall then be
due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal or interest) shall be entitled and empowered, by intervention
in such proceeding or otherwise, 
 (a) to file and prove a claim for the whole amount of principal and interest owing and
unpaid in respect of the Securities and to file such 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 of the Holders allowed in such judicial proceeding, 
 (b) unless prohibited by law
or applicable regulations, to vote on behalf of the Holders in any election of a trustee in bankruptcy or other Person performing similar functions, and 

(c) to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same,

 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized
by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.7. 
 Nothing
herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder
thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 
 Section 6.5. Trustee
May Enforce Claims Without Possession of Securities. 
 All rights of action and claims under this Indenture, the Securities or any
Guarantee may be prosecuted and enforced by the Trustee without the possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name
as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the
Holders of the Securities in respect of which such judgment has been recovered. 

  
 23 

 Section 6.6. Application of Money Collected. 

Any money or property collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by
the Trustee and, in case of the distribution of such money or property on account of principal or interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

 First: To the payment of all amounts due the Trustee under Section 7.7; and 

Second: To the payment of the amounts then due and unpaid for principal of and interest on the Securities in respect of which or for the
benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal and interest, respectively; and 

Third: To the Company or any applicable Guarantor, as the case may be. 

Section 6.7. Limitation on Suits. 

Except to enforce the right to receive payment of principal or interest, if any, on a Security of any Series when due, no Holder of any
Security of any Series shall have any right to institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 

(a) such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the
Securities of that Series; 
 (b) the Holders of not less than 25% in principal amount of the outstanding Securities of that
Series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

(c) such Holder or Holders have offered to the Trustee indemnity or security satisfactory to the Trustee against the costs,
expenses and liabilities which might be incurred by the Trustee in compliance with such request; 
 (d) the Trustee for 60
days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding; and 
 (e)
no direction inconsistent (in the opinion of the Trustee) with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the outstanding Securities of that Series; 

it being understood, intended and expressly covenanted by the Holder of every Security with every other Holder and the Trustee that no one or more of such
Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference
over any other of such Holders or to enforce any right under this Indenture, 

  
 24 

 
except in the manner herein provided and for the equal and ratable benefit of all such Holders of the applicable Series. 

Section 6.8. Unconditional Right of Holders to Receive Principal and Interest. 

Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional,
to receive payment of the principal of and interest, if any, on such Security on the Maturity of such Security, including the Stated Maturity expressed in such Security (or, in the case of redemption, on the redemption date) and to institute suit
for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 
 Section 6.9.
Restoration of Rights and Remedies. 
 If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy
under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding, the Company,
the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted. 

Section 6.10. Rights and Remedies Cumulative. 

Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in
Section 2.8, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in
addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not, to the extent permitted by law, prevent
the concurrent assertion or employment of any other appropriate right or remedy. 
 Section 6.11. Delay or Omission Not Waiver.

 No delay or omission of the Trustee or of any Holder of any Securities to exercise any right or remedy accruing upon any Event of Default
shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as
often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 
 Section 6.12. Control by Holders.

 The Holders of a majority in principal amount of the outstanding Securities of any Series shall have the right to 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 the Trustee, with respect to the Securities of such Series, provided that 

  
 25 

 (a) such direction shall not be in conflict with any rule of law or with this
Indenture or with any Security, 
 (b) the Trustee may take any other action deemed proper by the Trustee which is not
inconsistent with such direction, 
 (c) subject to the provisions of Section 6.1, the Trustee shall have the right to
decline to follow any such direction if the Trustee in good faith shall, by a Responsible Officer of the Trustee, determine that the proceeding so directed would involve the Trustee in personal liability or would be unduly prejudicial to the rights
of any other Holder of Securities of such Series not joining in the direction (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders), and 

(d) prior to taking any action as directed under this Section 6.12, the Trustee shall be entitled to indemnity
satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction. 

Section 6.13. Waiver of Past Defaults. 

The Holders of not less than a majority in principal amount of the outstanding Securities of any Series may on behalf of the Holders of all
the Securities of such Series waive any past Default hereunder with respect to such Series and its consequences (except for a Default in the payment of the principal of or interest on any Security of such Series (provided, however, that the Holders
of a majority in principal amount of the outstanding Securities of any Series may rescind an acceleration and its consequences, including any related payment default that resulted from such acceleration) or a Default in respect of a provision that
under Section 9.3 cannot be amended without the consent of each Holder affected), if (i) waiver would not conflict with any judgment or decreee of a court of competent jurisdiction; and (ii) all Existing Events of Default, other than
the nonpayment of installment payments that have become due solely by declaration of acceleration, have been cured or waived. Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have
been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon. 

Section 6.14. Undertaking for Costs. 

All parties to this Indenture agree, and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any court
may in its discretion require, 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, suffered or omitted by it as Trustee, the filing by any party litigant in such suit
of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of
the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10% in
principal amount of the outstanding Securities of any Series, or to any suit instituted 

  
 26 

 
by any Holder for the enforcement of the payment of the principal of or interest on any Security on or after the Maturity of such Security, including the Stated Maturity expressed in such
Security (or, in the case of redemption, on the redemption date). 
 ARTICLE VII. 

TRUSTEE 
 Section 7.1.
Duties of Trustee. 
 (a) If an Event of Default has occurred and is continuing, the Trustee shall exercise the rights
and powers vested in it by this Indenture 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 such person’s own affairs. 

(b) Except during the continuance of an Event of Default with respect to any Series of Securities: 

(i) The Trustee need perform only those duties that are specifically set forth in this Indenture with respect to the Securities
of that Series, as modified or supplemented by a resolution of the Board of Directors, a supplemental indenture or an Officers’ Certificate, and no others. 

(ii) 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 Officer’s Certificates or Opinions of Counsel furnished to the Trustee and conforming to the requirements of this Indenture; however, in the case of any such Officer’s Certificates
or Opinions of Counsel which by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall examine such Officer’s Certificates and Opinions of Counsel to determine whether or not they conform to the form
requirements of this Indenture. 
 (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: 
 (i) This paragraph does not limit the effect of
paragraph (b) of this Section. 
 (ii) The Trustee shall not be liable for any error of judgment made in good faith by a
Responsible Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts. 
 (iii) The
Trustee shall not be liable with respect to any action taken, suffered or omitted to be taken by it with respect to Securities of any Series in good faith in accordance with the direction of the Holders of a majority in principal amount of the
outstanding Securities of such Series relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this

  
 27 

 
Indenture with respect to the Securities of such Series in accordance with Section 6.12, unless it is proved that the Trustee was negligent in taking, suffering or omitting to take such
action or in exercising such trust or power. 
 (d) Every provision of this Indenture that in any way relates to the Trustee
is subject to paragraph (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 the costs, expenses and liabilities which might be incurred by it in performing such duty or exercising such right or power. 

(f) The Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in writing 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) No provision of this Indenture shall require the Trustee to risk its own funds or otherwise incur any financial liability
in the performance of any of its duties, or in the exercise of any of its rights or powers, if adequate indemnity against such risk is not reasonably assured to the Trustee. 

(h) Every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the
Trustee shall be subject to the provisions of this Section and Section 7.2 and to the provisions of the TIA. 
 (i) The
Paying Agent, the Registrar and any authenticating agent shall be entitled to the protections and immunities as are set forth in paragraphs (e), (f) and (g) of this Section and in Section 7.2, each with respect to the Trustee.

 Section 7.2. Rights of Trustee. 

(a) The Trustee may rely on and shall be protected in acting or refraining from acting upon any document (whether in its
original or facsimile form) 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. 

(b) Before the Trustee acts or refrains from acting, it may require an Officer’s Certificate or an Opinion of Counsel or
both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officer’s Certificate or Opinion of Counsel. 

(c) The Trustee may act through agents and shall not be responsible for the misconduct or negligence of any agent appointed
with due care. No Depositary shall be deemed an agent of the Trustee and the Trustee shall not be responsible for any act or omission by any Depositary. 

(d) The Trustee shall not be liable for any action it takes or omits to take in good faith which it believes to be authorized
or within its rights or powers, provided that the Trustee’s conduct does not constitute willful misconduct or negligence. 

  
 28 

 (e) The Trustee may consult with counsel and the advice of such counsel or any
Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder without willful misconduct or negligence, and in reliance thereon. 

(f) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the
request or direction of any of the Holders of Securities unless such Holders shall have offered to the Trustee security or indemnity reasonably satisfactory to it against the costs, expenses and liabilities which might be incurred by it in
compliance with such request or direction. 
 (g) The Trustee shall not be bound to make any investigation into the facts or
matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion,
may make such further inquiry or investigation into such facts or matters as it may see fit. Except with respect to Section 4.1 and Section 4.2, the Trustee shall have no duty to inquire as to, ascertain compliance with, or make any
calculations relating to the performance of the Company with respect to the covenants contained in Article IV or Article V hereof or otherwise established pursuant to Section 2.2. 

(h) Except for a default under Sections 6.1(a) or (b) hereof, the Trustee shall not be deemed to have notice of any
Default or Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee, and
such notice references the Securities generally or the Securities of a particular Series and this Indenture. 
 (i) In no
event shall the Trustee be liable to any person for special, punitive, indirect or consequential loss or damage of any kind whatsoever (including but not limited to lost profits), even if the Trustee has been advised of the likelihood of such loss
or damage. 
 (j) The permissive right of the Trustee to take the actions permitted by this Indenture shall not be construed
as an obligation or duty to do so. 
 Section 7.3. 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, any
Guarantor or any Affiliate of the Company or any Guarantor with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. The Trustee is also subject to Sections 7.10 and 7.11. 

Section 7.4. Trustee’s Disclaimer. 

The Trustee makes no representation as to the validity or adequacy of this Indenture or the Securities, it shall not be accountable for the
Company’s use of the proceeds 

  
 29 

 
from the Securities, and it shall not be responsible for any statement in the Securities other than its authentication. 

Section 7.5. Notice of Defaults. 

If a Default or Event of Default occurs and is continuing with respect to the Securities of any Series and if it is known to a Responsible
Officer of the Trustee, the Trustee shall mail to each Securityholder of the Securities of that Series notice of a Default or Event of Default within 90 days after it occurs or, if later, after a Responsible Officer of the Trustee has knowledge of
such Default or Event of Default. Except in the case of a Default or Event of Default in payment of principal of or interest on any Security of any Series, the Trustee may withhold the notice if and so long as its corporate trust committee or a
committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of Securityholders of that Series. 

Section 7.6. Reports by Trustee to Holders. 

Within 60 days after each anniversary of the date of this Indenture, the Trustee shall transmit by mail to all Securityholders, as their names
and addresses appear on the register kept by the Registrar, a brief report dated as of such anniversary date, in accordance with, and to the extent required under, TIA § 313. 

A copy of each report at the time of its mailing to Securityholders of any Series shall be filed with the SEC and each national securities
exchange on which the Securities of that Series are listed. The Company shall promptly notify the Trustee in writing when Securities of any Series are listed on or delisted from any national securities exchange. 

Section 7.7. Compensation and Indemnity. 

The Company shall pay to the Trustee from time to time compensation for its services as the Company and the Trustee shall from time to time
agree upon in writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. 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 each of the Trustee and any predecessor Trustee (including the cost of defending itself) against any cost, expense or liability, including taxes (other than taxes based upon, measured by or determined by the income of the Trustee) incurred
by it except as set forth in the next paragraph in the performance of its duties under this Indenture as Trustee or Agent. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so
notify the Company shall not relieve the Company of its obligations hereunder, unless and to the extent that the Company is materially prejudiced thereby. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee
may have one separate counsel and the Company shall pay the reasonable fees and expenses of such counsel. The Company need not pay for any settlement made without its consent, which consent will not be unreasonably withheld. This

  
 30 

 
indemnification shall apply to officers, directors, employees, shareholders and agents of the Trustee. 

The Company need not reimburse any expense or indemnify against any loss or liability incurred by the Trustee or by any officer, director,
employee, shareholder or agent of the Trustee through willful misconduct or negligence. 
 To secure the Company’s payment obligations
in this Section, the Trustee shall have a lien prior to the Securities of any Series on all money or property held or collected by the Trustee, except that held in trust to pay principal of and interest on particular Securities of that Series. 

When the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.1(d) or (e) occurs, the
expenses and the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law. 
 The
provisions of this Section shall survive the satisfaction and discharge of this Indenture or the earlier resignation or removal of the Trustee. 

Section 7.8. Replacement of Trustee. 

A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee’s
acceptance of appointment as provided in this Section. 
 The Trustee may resign with respect to the Securities of one or more Series by so
notifying the Company at least 30 days prior to the date of the proposed resignation. The Holders of a majority in principal amount of the Securities of any Series may remove the Trustee with respect to that Series by so notifying the Trustee and
the Company. The Company may remove the Trustee with respect to Securities of one or more Series if: 
 (a) the Trustee fails
to comply with Section 7.10; 
 (b) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered
with respect to the Trustee under any Bankruptcy Law; 
 (c) a Custodian or public officer takes charge of the Trustee or its
property; or 
 (d) 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. Within one year after the successor Trustee takes office, the Holders of a majority in principal amount of the then outstanding Securities may appoint a successor Trustee to replace the successor Trustee appointed by the Company.

 If a successor Trustee with respect to the Securities of any one or more Series does not take office within 60 days after the retiring
Trustee resigns or is removed, the retiring 

  
 31 

 
Trustee, the Company or the Holders of at least 10.0% in principal amount of the Securities of the applicable Series may petition any court of competent jurisdiction for the appointment of a
successor Trustee. 
 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 to the successor Trustee subject to the lien provided for in Section 7.7, 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 with respect to each Series of Securities for which it is acting as Trustee under this Indenture. A successor Trustee shall mail a notice of its succession to each
Securityholder of each such Series. If the Trustee fails to comply with Section 7.10, any Securityholder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

Notwithstanding replacement of the Trustee pursuant to this Section 7.8, the Company’s obligations under Section 7.7 hereof
shall continue for the benefit of the retiring Trustee with respect to expenses and liabilities incurred by it for actions taken or omitted to be taken in accordance with its rights, powers and duties under this Indenture prior to such replacement.

 Section 7.9. Successor Trustee by Merger, Etc. 

If the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business to, another
corporation, the successor corporation without any further act shall be the successor Trustee, subject to Section 7.10. 
 In case at
the time such successor or successors by merger, conversion or consolidation to the Trustee shall succeed to the trusts created by this Indenture any of the Securities shall have been authenticated but not delivered, any such successor to the
Trustee may adopt the certificate of authentication of any predecessor trustee, and deliver such Securities so authenticated; and in case at that time any of the Securities shall not have been authenticated, any successor to the Trustee may
authenticate such Securities either in the name of any predecessor hereunder or in the name of the succesor to the Trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Securities or in this Indenture
provided that the certificate of the Trustee shall have. 
 Section 7.10. Eligibility; Disqualification. 

This Indenture shall always have a Trustee who satisfies the requirements of TIA § 310(a)(1), (2) and (5). The Trustee shall always
have a combined capital and surplus of at least $50,000,000 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 is subject to 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. 

  
 32 

 ARTICLE VIII. 

SATISFACTION AND DISCHARGE; DEFEASANCE 

Section 8.1. Satisfaction and Discharge of Indenture. 

This Indenture (and, with respect to any particular Series of Securities, the applicable supplemental indenture) shall, upon Company Order or
Guarantor Order, cease to be of further effect (except as hereinafter provided in this Section 8.1), and the Trustee, at the expense of the Company, shall execute instruments acknowledging satisfaction and discharge of this Indenture, when 

(a) either 

(i) all Securities of such Series theretofore authenticated and delivered (other than Securities that have been destroyed, lost
or stolen and that have been replaced or paid) have been delivered to the Trustee for cancellation; or 
 (ii) all such
Securities of such Series not theretofore delivered to the Trustee for cancellation 
 (1) have become due and payable by
reason of sending a notice of redemption or otherwise, or 
 (2) will become due and payable at their Stated Maturity within
one year, or 
 (3) have been called for redemption or 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, or 

(4) are deemed paid and discharged pursuant to Section 8.3, as applicable; 

and the Company or any Guarantor(s), in the case of (1), (2) or (3) above, shall have irrevocably deposited or caused to be deposited with the
Trustee as trust funds in trust an amount of money or U.S. Government Obligations, which amount shall be sufficient for the purpose of paying and discharging each installment of principal (including mandatory sinking fund or analogous payments) of
and interest on all the Securities of such Series on the dates such installments of principal or interest are due; 
 (b) the
Company or any Guarantor(s) have paid or caused to be paid all other sums payable hereunder by the Company with respect to the Securities of such Series; and 

(c) the Company or any Guarantor(s) shall have delivered to the Trustee an Officer’s Certificate and an Opinion of
Counsel, each stating that all conditions 

  
 33 

 
precedent provided for relating to the satisfaction and discharge contemplated by this Section have been complied with. 

Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 7.7, and,
if money shall have been deposited with the Trustee pursuant to clause (a) of this Section, the provisions of Sections 2.4, 2.7, 2.8, 8.2 and 8.5 shall survive. 

Section 8.2. Application of Trust Funds; Indemnification. 

(a) Subject to the provisions of Section 8.5, all money and U.S. Government Obligations or Foreign Government Obligations
deposited with the Trustee pursuant to Section 8.1, 8.3 or 8.4 and all money received by the Trustee in respect of U.S. Government Obligations or Foreign Government Obligations deposited with the Trustee pursuant to Section 8.1, 8.3 or
8.4, shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee
may determine, to the persons entitled thereto, of the principal and interest for whose payment such money has been deposited with or received by the Trustee or to make mandatory sinking fund payments or analogous payments as contemplated by
Sections 8.1, 8.3 or 8.4. 
 (b) The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge
imposed on or assessed against U.S. Government Obligations or Foreign Government Obligations deposited pursuant to Sections 8.1, 8.3 or 8.4 or the interest and principal received in respect of such obligations other than any payable by or on behalf
of Holders. 
 (c) The Trustee shall deliver or pay to the Company or the relevant Guarantor(s), as applicable, from time to
time upon Company Order or Guarantor Order, as applicable, any U.S. Government Obligations or Foreign Government Obligations or money held by it as provided in Sections 8.3 or 8.4 which, in the opinion of a nationally recognized firm of independent
certified public accountants or investment bank expressed in a written certification thereof delivered to the Trustee, are then in excess of the amount thereof which then would have been required to be deposited for the purpose for which such U.S.
Government Obligations or Foreign Government Obligations or money were deposited or received. This provision shall not authorize the sale by the Trustee of any U.S. Government Obligations or Foreign Government Obligations held under this Indenture.

 Section 8.3. Legal Defeasance of Securities of any Series. 

Unless this Section 8.3 is otherwise specified, pursuant to Section 2.2, to be inapplicable to Securities of any Series, the Company
and each Guarantor shall be deemed to have paid and discharged the entire indebtedness on all the outstanding Securities of any Series on the 91st day after the date of the deposit referred to in subparagraph (d) hereof, and the provisions of
this Indenture, as it relates to such outstanding Securities of such Series, shall no 

  
 34 

 
longer be in effect (and the Trustee, at the expense of the Company, shall, upon receipt of a Company Order, execute instruments acknowledging the same), except as to: 

(a) the rights of Holders of Securities of such Series to receive, from the trust funds described in subparagraph
(d) hereof, (i) payment of the principal of and each installment of principal of and interest on the outstanding Securities of such Series on the Maturity of such principal or installment of principal or interest and (ii) the benefit
of any mandatory sinking fund payments applicable to the Securities of such Series on the day on which such payments are due and payable in accordance with the terms of this Indenture and the Securities of such Series; 

(b) the provisions of Sections 2.4, 2.5, 2.7, 2.8, 7.7, 8.2, 8.3, 8.5 and 8.6; and 

(c) the rights, powers, trusts and immunities of the Trustee hereunder and the Company’s obligations in connection
therewith; 
 provided that, the following conditions shall have been satisfied: 

(d) the Company or, if applicable, any Guarantor(s) shall have deposited or caused to be deposited (except as provided in
Section 8.2 (c)) with the Trustee as trust funds specifically pledged as security for and dedicated solely to the benefit of the Holders of such Securities (i) in the case of Securities of such Series denominated in Dollars, cash in
Dollars and/or U.S. Government Obligations, or (ii) in the case of Securities of such Series denominated in a Foreign Currency (other than a composite currency), money and/or Foreign Government Obligations, which through the payment of interest
and principal in respect thereof in accordance with their terms, will provide (and without reinvestment), not later than one day before the due date of any payment of money, an amount in cash, sufficient, in the opinion of a nationally recognized
firm of independent public accountants or investment bank expressed in a written certification thereof delivered to the Trustee, to pay and discharge each installment of principal of and interest, on and any mandatory sinking fund payments in
respect of all the Securities of such Series on the dates such installments of principal or interest and such sinking fund payments are due; 

(e) such deposit will not result in a breach or violation of, or constitute a default under, this Indenture or any other
agreement or instrument to which the Company is a party or by which it is bound; 
 (f) no Default or Event of Default with
respect to the Securities of such Series shall have occurred and be continuing on the date of such deposit or during the period ending on the 91st day after such date; 

(g) the Company or, if applicable, the Guarantor(s) shall have delivered to the Trustee an Officer’s Certificate and an
Opinion of Counsel to the effect that (i) the Company or such Guarantor(s), as applicable, have received from, or there has been published by, the Internal Revenue Service a ruling, or (ii) since the date of execution of this Indenture,
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 confirm that, the 

  
 35 

 
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, defeasance and discharge and will be subject to
Federal income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit, defeasance and discharge had not occurred; 

(h) the Company or, if applicable, the Guarantor(s) shall have delivered to the Trustee an Officer’s Certificate stating
that the deposit was not made by the Company or such Guarantor(s), as applicable, with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company or such Guarantor(s), as applicable; and 

(i) the Company or, if applicable, the Guarantor(s) shall have delivered to the Trustee an Officer’s Certificate and an
Opinion of Counsel, each stating that all conditions precedent provided for relating to the defeasance contemplated by this Section have been complied with. 

Section 8.4. Covenant Defeasance. 

Unless this Section 8.4 is otherwise specified pursuant to Section 2.2 to be inapplicable to Securities of any Series, the Company
(and, if such Securities are subject to a Guarantee, the Guarantors thereof) may omit to comply with respect to the Securities of any Series with any term, provision or condition set forth under Sections 4.2, 4.3, 4.4, 4.5, 4.6 and 5.1 and, unless
otherwise specified therein, any additional covenants specified in a supplemental indenture for such Series of Securities or a Board Resolution or an Officer’s Certificate delivered pursuant to Section 2.2 (and the failure to comply with
any such covenants shall not constitute a Default or Event of Default with respect to such Series under Section 6.1) and the occurrence of any event specified in a supplemental indenture for such Series of Securities or a Board Resolution or an
Officer’s Certificate delivered pursuant to Section 2.2.18 and designated as an Event of Default shall not constitute a Default or Event of Default hereunder, with respect to the Securities of such Series, but, except as specified above,
the remainder of this Indenture and such Securities will be unaffected thereby; provided that the following conditions shall have been satisfied: 

(a) with reference to this Section 8.4, the Company or, if applicable, any Guarantor(s) have has irrevocably deposited or
caused to be irrevocably deposited (except as provided in Section 8.2(c)) with the Trustee as trust funds in trust for the purpose of making the following payments specifically pledged as security for, and dedicated solely to, the benefit of
the Holders of such Securities (i) in the case of Securities of such Series denominated in Dollars, cash in Dollars and/or U.S. Government Obligations, or (ii) in the case of Securities of such Series denominated in a Foreign Currency
(other than a composite currency), money and/or Foreign Government Obligations, which through the payment of interest and principal in respect thereof in accordance with their terms, will provide (and without reinvestment), not later than one day
before the due date of any payment of money, an amount in cash, sufficient, in the opinion of a nationally recognized firm of independent certified public accountants or investment bank expressed in a written certification thereof delivered to the
Trustee, to pay and discharge each installment of principal (including mandatory sinking fund or 

  
 36 

 
analogous payments) of and interest on all the Securities of such Series on the dates such installments of principal or interest are due; 

(b) such deposit will not result in a breach or violation of, or constitute a default under, this Indenture or any other
agreement or instrument to which the Company is a party or by which it is bound; 
 (c) no Default or Event of Default with
respect to the Securities of such Series shall have occurred and be continuing on the date of such deposit; 
 (d) the
Company or, if applicable, the Guarantor(s) shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel to the effect that (i) the company has received from, or there has been published by, the Internal Revenue
Service a ruling, or (ii) since the date of execution of this Indenture, 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 confirm, subject to
customary exclusions, that the 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, covenant defeasance and discharge and will be subject to Federal income tax
on the same amount and in the same manner and at the same times as would have been the case if such deposit, covenant defeasance and discharge had not occurred; 

(e) The Company or, if applicable, the Guarantor(s) shall have delivered to the Trustee an Officer’s Certificate stating
the deposit was not made by the Company with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company; and 

(f) The Company or, if applicable, the Guarantor(s) shall have delivered to the Trustee an Officer’s Certificate and an
Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the covenant defeasance contemplated by this Section have been complied with. 

Section 8.5. Repayment. 

Subject to applicable abandoned property law, the Trustee and the Paying Agent shall pay to the Company (or, if applicable, the relevant
Guarantor(s)) upon request any money held by them for the payment of principal and interest that remains unclaimed for two years. After that, Securityholders entitled to the money must look to the Company or, if applicable, the relevant Guarantor(s)
for payment as general creditors unless an applicable abandoned property law designates another person. 
 Section 8.6.
Reinstatement. 
 If the Trustee or the Paying Agent is unable to apply any money deposited with respect to Securities of any Series
in accordance with Section 8.1 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 obligations of the Company under
this Indenture with respect to the Securities of such Series and under the Securities of such 

  
 37 

 
Series shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.1 until such time as the Trustee or the Paying Agent is permitted to apply all such money in
accordance with Section 8.1; provided, however, that if the Company or any Guarantor(s) have made any payment of principal of or interest on or any Additional Amounts with respect to any Securities because of the reinstatement of
its obligations, the Company and the applicable Guarantor(s), if any, 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 or Paying Agent after
payment in full to the Holders. 
 ARTICLE IX. 

AMENDMENTS AND WAIVERS 

Section 9.1. Without Consent of Holders. 

The Company, the applicable Guarantor(s), if any, and the Trustee may amend or supplement this Indenture or the Securities of one or more
Series without the consent of any Securityholder: 
 (a) to cure any ambiguity, defect or inconsistency; 

(b) to comply with Article V; 

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

(d) to add guarantees with respect to Securities of any Series or secure Securities of any Series; 

(e) to surrender any of the Company’s rights or powers under this Indenture; 

(f) to add covenants or events of default for the benefit of the holders of Securities of any Series; 

(g) to comply with the applicable procedures of the applicable depositary; 

(h) to make any change that does not adversely affect the rights of any Securityholder; 

(i) to conform the text of this Indenture, the Guarantees (if any) or the Securities to any provision of the “Description
of Notes” Section of the final prospectus supplement filed with the SEC on the date of this Indenture; 
 (j) to
provide for the issuance of and establish the form and terms and conditions of Securities of any Series and any Guarantees thereof, as permitted by this Indenture; 

(k) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities
of one or more Series and to add to or 

  
 38 

 
change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee; 

(l) to comply with requirements of the SEC or changes to applicable law related to this Indenture, the Guarantees or the
Securities; 
 (m) to add any person as a Guarantor of all or any Securities of any Series, which Securities were not
theretofore subject to any Guarantee, or to add additional Guarantors of all or any Securities of any Series; 
 (n) to allow
the Guarantor(s), if any, to execute a supplemental indenture or Guarantee with respect to the Securities; or 
 (o) to
evidence the release and discharge of any Guarantor from its obligations under its Guarantees and its obligations hereunder in respect of any Securities, in each case in accordance with this Indenture and the terms of such Securities. 

After a supplemental indenture or waiver under this Section becomes effective, the Company shall mail to the Holders of Securities
affected thereby, a notice briefly describing the supplemental indenture or waiver. Any failure by the Company to mail or publish such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such
supplemental indenture or waiver. 
 Section 9.2. With Consent of Holders. 

The Company, the applicable Guarantor(s), if any, and the Trustee may enter into a supplemental indenture with the written consent of the
Holders of at least a majority in principal amount of the outstanding Securities of each Series affected by such supplemental indenture (including consents obtained in connection with a tender offer or exchange offer for the Securities of such
Series), for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner the rights of the Securityholders of each such
Series. Except as provided in Section 6.13, the Holders of at least a majority in principal amount of the outstanding Securities of any Series by notice to the Trustee (including consents obtained in connection with a tender offer or exchange
offer for the Securities of such Series) may waive compliance by the Company or any Guarantor of Securities of such Series with any provision of this Indenture or the Securities or the applicable Guarantee with respect to such Series. 

It shall not be necessary for the consent of the Holders of Securities under this Section 9.2 to approve the particular form of any
proposed supplemental indenture or waiver, but it shall be sufficient if such consent approves the substance thereof. After a supplemental indenture or waiver under this Section becomes effective, the Company shall mail to the Holders of
Securities affected thereby, a notice briefly describing the supplemental indenture or waiver. Any failure by the Company to mail or publish such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such
supplemental indenture or waiver. 

  
 39 

 Section 9.3. Limitations. 

Without the consent of each Securityholder affected, an amendment or waiver may not: 

(a) reduce the principal amount of Securities whose Holders must consent to an amendment, supplement or waiver; 

(b) reduce the rate of or extend the time for payment of interest (including default interest) on any Security; 

(c) reduce the principal or change the Stated Maturity of any Security or reduce the amount of, or postpone the date fixed for,
the payment of any sinking fund or analogous obligation; 
 (d) reduce the principal amount of Discount Securities payable
upon acceleration of the maturity thereof; 
 (e) waive a Default or Event of Default in the payment of the principal of or
interest, if any, on any Security (except a rescission of acceleration of the Securities of any Series by the Holders of at least a majority in principal amount of the outstanding Securities of such Series and a waiver of the payment default that
resulted from such acceleration); 
 (f) make the principal of or interest, if any, on any Security payable in any currency
other than that stated in the Security; 
 (g) make any change in Sections 6.8, 6.13 or 9.3 (this sentence); 

(h) waive a redemption payment with respect to any Security; or 

(i) in the case of any Security that is subject to a Guarantee, release the Guarantor of such Guarantee from any of its
obligations under such Guarantee, except in accordance with the terms of this Indenture and such Security. 
 A supplemental indenture that
changes or eliminates any covenant or other provisions of this Indenture that has expressly been included solely for the benefit of one or more particular Series of Securities, or that modifies the rights of the Holders of Securities of such Series
with respect to such covenant or other provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other Series. 

Section 9.4. Compliance with Trust Indenture Act. 

Every amendment to this Indenture or the Securities of one or more Series shall be set forth in a supplemental indenture hereto that complies
with the TIA as then in effect. 

  
 40 

 Section 9.5. Revocation and Effect of Consents. 

Until an amendment is set forth in a supplemental indenture or a waiver becomes effective, a consent to it by a Holder of a Security is a
continuing consent by 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. However, any such
Holder or subsequent Holder may revoke the consent as to his Security or portion of a Security if the Trustee receives the notice of revocation before the date of the supplemental indenture or the date the waiver becomes effective. A supplemental
indenture or waiver becomes effective upon the execution of such supplemental indenture or waiver by the Trustee. 
 Any amendment or waiver
once effective shall bind every Securityholder of each Series affected by such amendment or waiver unless it is of the type described in any of clauses (a) through (h) of Section 9.3. In that case, the amendment or waiver shall bind
each Holder of a Security who has consented to it and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security. 

The Company may, but shall not be obligated to, fix a record date for the purpose of determining the Holders entitled to give their consent or
take any other action described above or required or permitted to be taken pursuant to this Indenture. If a record date is fixed, then notwithstanding 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 give such consent or to revoke any consent previously given or take any such action, whether or not such Persons continue to be Holders after such record date. No such consent
shall be valid or effective for more than 120 days after such record date. 
 Section 9.6. Notation on or Exchange of
Securities. 
 If an amendment changes the terms of a Security, the Trustee may require the Holder of the Security to deliver it to the
Trustee. The Company or the Trustee may place an appropriate notation about an amendment or waiver on any Security of any Series thereafter authenticated. The Company in exchange for Securities of that Series may issue and the Trustee shall
authenticate upon receipt of a Company Order in accordance with Section 2.3 new Securities of that Series that reflect the amendment or waiver. Failure to make the appropriate notation or to issue a new Security shall not affect the validity of
such amendment. 
 Section 9.7. Trustee Protected. 

In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby
of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 7.1) shall be fully protected in relying upon, an Officer’s Certificate or an Opinion of Counsel or both complying with
Section 10.4. The Trustee shall sign all supplemental indentures upon delivery of such an Officer’s Certificate or Opinion of Counsel or both, except that the Trustee need not sign any supplemental indenture that adversely affects its
rights. 

  
 41 

 ARTICLE X. 

MISCELLANEOUS 
 Section 10.1.
Trust Indenture Act Controls. 
 If any provision of this Indenture limits, qualifies, or conflicts with another provision which is
required or deemed to be included in this Indenture by the TIA, such required or deemed provision shall control. 
 Section 10.2.
Notices. 
 Any notice or communication by the Company or the Trustee to the other, or by a Holder to the Company or the Trustee, is
duly given if in writing and delivered in person or mailed by first-class mail (registered or certified, return receipt requested), facsimile transmission, email or overnight air courier guaranteeing next day delivery, to the others’ address:

 if to the Company or any Guarantor: 

William Lyon Homes 

4695 MacArthur Court, 8th Floor 

Newport Beach, California 92660 

Attention: Chief Financial Officer 

Telephone: (949) 833-3600 

with a copy to (which shall not constitute notice): 

Latham & Watkins LLP 

650 Town Center Drive, 20th Floor 

Costa Mesa, California 92626 

Attention: Cary K. Hyden and Michael A. Treska 

Telephone: (714) 540-1235 

if to the Trustee: 
 U.S. Bank
National Association 
 EP-MN-WS3C 

60 Livingston Avenue 

St. Paul, Minnesota 55107 

Attention: Corporate Trust Department 

Fax: (651) 466-7430 

The Company or the Trustee by notice to the other may designate additional or different addresses for subsequent notices or communications. No
notice may be given to the Trustee by the Company or a Holder by means of email unless and until the Trustee has by notice to the Company designated such email address for subsequent notices or communications. 

  
 42 

 Any notice or communication to a Securityholder shall be sent electronically or by first-class
mail to his address shown on the register kept by the Registrar, in accordance with the procedures of the Depositary. Failure to mail a notice or communication to a Securityholder of any Series or any defect in it shall not affect its sufficiency
with respect to other Securityholders of that or any other Series. 
 If a notice or communication is sent or published in the manner
provided above, within the time prescribed, it is duly given, whether or not the Securityholder receives it. 
 If the Company sends a
notice or communication to Securityholders, it shall send a copy to the Trustee and each Agent at the same time. 
 Notwithstanding any
other provision of this Indenture or any Security, where this Indenture or any Security provides for notice of any event (including any notice of redemption) to a Holder of a Global Security (whether by mail or otherwise), such notice shall be
sufficiently given to the Depositary for such Security (or its designee) pursuant to the customary procedures of such Depositary. 

Section 10.3. Communication by Holders with Other Holders. 

Securityholders of any Series may communicate pursuant to TIA § 312(b) with other Securityholders of that Series or any other Series with
respect to their rights under this Indenture or the Securities of that Series or all Series. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA § 312(c). 

Section 10.4. 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: 
 (a) an Officer’s Certificate stating that, in the opinion of the signers, all conditions precedent, if any,
provided for in this Indenture relating to the proposed action have been complied with; and 
 (b) an Opinion of Counsel
stating that, in the opinion of such counsel, all such conditions precedent have been complied with. 
 Section 10.5. Statements
Required in Certificate or Opinion. 
 Each certificate or opinion with respect to compliance with a condition or covenant provided for
in this Indenture (other than a certificate provided pursuant to TIA § 314(a)(4)) shall comply with the provisions of TIA § 314(e) and shall include: 

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

  
 43 

 (b) 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; 
 (c) 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 

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

Section 10.6. Rules by Trustee and Agents. 

The Trustee may make reasonable rules for action by or a meeting of Securityholders of one or more Series. Any Agent may make reasonable rules
and set reasonable requirements for its functions. 
 Section 10.7. Legal Holidays. 

Unless otherwise provided by Board Resolution, Officer’s Certificate or supplemental indenture hereto for a particular Series, a
“Legal Holiday” is any day that is not a Business Day. If a payment date is a Legal Holiday at a place of payment, payment may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall
accrue for the intervening period. If a regular record date is a Legal Holiday, the record date shall not be affected. 
 Section 10.8.
No Recourse Against Others. 
 A director, officer, employee or stockholder (past, present or future), as such, of the Company or any
Guarantor shall not have any liability for any obligations of the Company or such Guarantor 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 Securityholder 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. 

Section 10.9. Counterparts. 

This Indenture may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective
execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures
for all purposes. 

  
 44 

 Section 10.10. Governing Law. 

THIS INDENTURE, THE SECURITIES AND EACH GUARANTEE, IF ANY, INCLUDING ANY CLAIM OR CONTROVERSY ARISING OUT OF OR RELATING TO THE INDENTURE
OR THE SECURITIES, SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK (WITHOUT REGARDS TO THE CONFLICTS OF LAW PROVISIONS THEREOF). 

Section 10.11. No Adverse Interpretation of Other Agreements. 

This Indenture may not be used to interpret another indenture, loan or debt agreement of the Company, any Guarantor or any Subsidiary of the
Company or of any Guarantor. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 
 Section 10.12.
Successors. 
 All agreements of the Company in, or of any Guarantor pursuant to, this Indenture and the Securities or Guarantee, as
applicable, shall bind its successor. All agreements of the Trustee in this Indenture shall bind its successor. 
 Section 10.13.
Severability. 
 In case any provision in this Indenture or in the Securities 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 10.14. Table of Contents, Headings, Etc. 

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

Section 10.15. Securities in a Foreign Currency. 

Unless otherwise specified in a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate delivered pursuant to
Section 2.2 of this Indenture with respect to a particular Series of Securities, whenever for purposes of this Indenture any action may be taken by the Holders of a specified percentage in aggregate principal amount of Securities of all Series
or all Series affected by a particular action at the time outstanding and, at such time, there are outstanding Securities of any Series which are denominated in more than one currency, then the principal amount of Securities of such Series which
shall be deemed to be outstanding for the purpose of taking such action shall be determined by converting any such other currency into a currency that is designated upon issuance of any particular Series of Securities. Unless otherwise specified in
a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate delivered pursuant to Section 2.2 of this Indenture with respect to a particular Series of Securities, such conversion shall be at the spot rate for the
purchase of the designated currency 

  
 45 

 
as published in The Financial Times in the “Currency Rates” Section (or, if The Financial Times is no longer published, or if such information is no longer available in The
Financial Times, such source as may be selected in good faith by the Company) on any date of determination (the “Market Exchange Rate”). The provisions of this paragraph shall apply in determining the equivalent principal amount in
respect of Securities of a Series denominated in a currency other than Dollars in connection with any action taken by Holders of Securities pursuant to the terms of this Indenture. 

All decisions and determinations provided for in the preceding paragraph shall, in the absence of manifest error, to the extent permitted by
law, be conclusive for all purposes and irrevocably binding upon the Trustee and all Holders. 
 Section 10.16. Judgment
Currency. 
 The Company agrees, to the fullest extent that it may effectively do so under applicable law, that (a) if for the
purpose of obtaining judgment in any court it is necessary to convert the sum due in respect of the principal of or interest or other amount on the Securities of any Series (the “Required Currency”) into a currency in which a
judgment will be rendered (the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New York the Required Currency with the
Judgment Currency on the day on which final unappealable judgment is entered, unless such day is not a New York Banking Day, then the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could
purchase in The City of New York the Required Currency with the Judgment Currency on the New York Banking Day preceding the day on which final unappealable judgment is entered and (b) its obligations under this Indenture to make payments in the
Required Currency (i) shall not be discharged or satisfied by any tender, any recovery pursuant to any judgment (whether or not entered in accordance with Subsection (a)), in any currency other than the Required Currency, except to the
extent that such tender or recovery shall result in the actual receipt, by the payee, of the full amount of the Required Currency expressed to be payable in respect of such payments, (ii) shall be enforceable as an alternative or additional
cause of action for the purpose of recovering in the Required Currency the amount, if any, by which such actual receipt shall fall short of the full amount of the Required Currency so expressed to be payable, and (iii) shall not be affected by
judgment being obtained for any other sum due under this Indenture. For purposes of the foregoing, “New York Banking Day” means any day except a Saturday, Sunday or a legal holiday in The City of New York on which banking
institutions are authorized or required by law, regulation or executive order to close. 
 Section 10.17. Force Majeure. 

In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of
or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and
interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services, it being understood that the Trustee shall use reasonable best efforts which 

  
 46 

 
are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

Section 10.18. Waiver of Jury Trial. 

EACH OF THE COMPANY, THE GUARANTORS AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL
RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

Section 10.19. Patriot Act. 

The parties hereto acknowledge that in accordance with Section 326 of the Uniting and Strengthening America by Providing Appropriate
Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001 (the “Patriot Act”), the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to
obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that they shall provide the Trustee with such information as
it may request in order for the Trustee to satisfy the requirements of the Patriot Act. 
 Section 10.20. When Securities
Disregarded. 
 In determining whether the Holders of the required principal amount of Securities have concurred in any direction,
waiver or consent, Securities owned by the Company or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company shall be disregarded and deemed not to be outstanding, except that,
for the purpose of determining whether the Trustee shall be protected in relying any such direct, waiver or consent, only Securities which the Trustee knows are so owned shall be disregarded. Also, subject to the foregoing, only Securities
outstanding at the time shall be considered in any such determination. 
 ARTICLE XI. 

SINKING FUNDS 
 Section 11.1.
Applicability of Article. 
 The provisions of this Article shall be applicable to any sinking fund for the retirement of the
Securities of a Series if so provided by the terms of such Securities pursuant to Section 2.2 and except as otherwise permitted or required by any form of Security of such Series issued pursuant to this Indenture. 

The minimum amount of any sinking fund payment provided for by the terms of the Securities of any Series is herein referred to as a
“mandatory sinking fund payment” and any other amount provided for by the terms of Securities of such Series is herein referred to as an “optional sinking fund payment.” If provided for by the terms of Securities of
any Series, the cash amount of any sinking fund payment may be subject to reduction as provided in 

  
 47 

 
Section 11.2. Each sinking fund payment shall be applied to the redemption of Securities of any Series as provided for by the terms of the Securities of such Series. 

Section 11.2. Satisfaction of Sinking Fund Payments with Securities. 

The Company may, in satisfaction of all or any part of any sinking fund payment with respect to the Securities of any Series to be made
pursuant to the terms of such Securities (1) deliver outstanding Securities of such Series to which such sinking fund payment is applicable (other than any of such Securities previously called for mandatory sinking fund redemption) and
(2) apply as credit Securities of such Series to which such sinking fund payment is applicable and which have been repurchased by the Company or redeemed either at the election of the Company pursuant to the terms of such Series of Securities
(except pursuant to any mandatory sinking fund) or through the application of permitted optional sinking fund payments or other optional redemptions pursuant to the terms of such Securities, provided that such Securities have not been previously so
credited. Such Securities shall be received by the Trustee, together with an Officer’s Certificate with respect thereto, not later than 15 days prior to the date on which the Trustee begins the process of selecting Securities for redemption,
and shall be credited for such purpose by the Trustee at the price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. If as a result of the
delivery or credit of Securities in lieu of cash payments pursuant to this Section 11.2, the principal amount of Securities of such Series to be redeemed in order to exhaust the aforesaid cash payment shall be less than $100,000, the Trustee
need not call Securities of such Series for redemption, except upon receipt of a Company Order that such action be taken, and such cash payment shall be held by the Trustee or a Paying Agent and applied to the next succeeding sinking fund payment,
provided, however, that the Trustee or such Paying Agent shall from time to time upon receipt of a Company Order pay over and deliver to the Company any cash payment so being held by the Trustee or such Paying Agent upon delivery by
the Company to the Trustee of Securities of that Series purchased by the Company having an unpaid principal amount equal to the cash payment required to be released to the Company. 

Section 11.3. Redemption of Securities for Sinking Fund. 

Not less than 45 days (unless otherwise indicated in the Board Resolution, supplemental indenture hereto or Officer’s Certificate in
respect of a particular Series of Securities) prior to each sinking fund payment date for any Series of Securities, the Company will deliver to the Trustee an Officer’s Certificate specifying the amount of the next ensuing mandatory sinking
fund payment for that Series pursuant to the terms of that Series, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting of Securities of that
Series pursuant to Section 11.2, and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and the Company shall thereupon be obligated to pay the amount therein specified. Not less than 30 days
(unless otherwise indicated in the Board Resolution, Officer’s Certificate or supplemental indenture in respect of a particular Series of Securities) before each such sinking fund payment date the Securities to be redeemed upon such sinking
fund payment date will be selected in the manner specified in Section 3.2 and the Company shall send or cause to be sent a notice of the redemption thereof to be given in the name of and at the expense of the Company

  
 48 

 
in the manner provided in and in accordance with Section 3.3. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in
Sections 3.4, 3.5 and 3.6. 
 ARTICLE XII. 

GUARANTEES 
 Section 12.1.
Guarantees. 
 Any Series of Securities may be guaranteed by one or more Guarantors. The terms and the form of any such Guarantee
shall be established in the manner contemplated by Section 2.2 hereof for such Series of Securities; provided, however, that, prior to the authentication and delivery upon original issuance of any Series of Securities that are to be so
guaranteed, the Company and the Trustee and each person that shall be an initial Guarantor of such Series of Securities shall execute and deliver a supplemental indenture hereto pursuant to Section 9.1 hereof, whereby such person shall become a
Guarantor under this Indenture with respect to such Series of Securities. 

  
 49 

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed as of the
day and year first above written. 
  

			
	WILLIAM LYON HOMES
		
	By:	 	 /s/ Matthew R. Zaist

		 	Name: Matthew R. Zaist
		 	Title:   President and Chief Operating Officer

  

			
	U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE
		
	By:	 	 /s/ Donald T. Hurrelbrink

		 	Name: Donald T. Hurrelbrink
		 	Title:   Vice President

  
 50EX-4.2

 Exhibit 4.2 

EXECUTION COPY 
  

 
  

WILLIAM LYON HOMES, 
 as Issuer

 and 
 U.S. BANK NATIONAL
ASSOCIATION, 
 as Trustee 

First Supplemental Indenture 

Dated as of November 21, 2014 

Supplement to Indenture between William Lyon Homes and 

U.S. Bank 
 National Association, as
Trustee 
 dated as of November 21, 2014 
  

 
  

 TABLE OF CONTENTS 

 

									
	 	 	 	 	 	  	Page	 
		
	ARTICLE 1 SCOPE OF SUPPLEMENTAL INDENTURE; CERTAIN DEFINITIONS	  	 	2	  
				
		 	 Section 1.01
	 	Scope of Supplemental Indenture	  	 	2	  
		 	 Section 1.02
	 	Certain Definitions	  	 	2	  
		 	 Section 1.03
	 	References to Interest	  	 	6	  
		 	 Section 1.04
	 	Rules of Construction	  	 	6	  
		
	ARTICLE 2 THE NOTES	  	 	6	  
				
		 	 Section 2.01
	 	Form of Notes	  	 	6	  
		 	 Section 2.02
	 	Installment Payments	  	 	7	  
		 	 Section 2.03
	 	Depositary	  	 	8	  
		 	 Section 2.04
	 	Certificated Notes	  	 	8	  
		 	 Section 2.05
	 	Registrar, Paying Agent and Notice Agent	  	 	9	  
		
	ARTICLE 3 NO REDEMPTION	  	 	9	  
				
		 	 Section 3.01
	 	No Redemption	  	 	9	  
		 	 Section 3.02
	 	No Sinking Fund	  	 	9	  
		
	ARTICLE 4 COVENANTS	  	 	9	  
				
		 	 Section 4.01
	 	[Reserved]	  	 	9	  
		 	 Section 4.02
	 	Reports	  	 	10	  
		 	 Section 4.03
	 	Applicability of Covenants Contained in the Base Indenture	  	 	10	  
		
	ARTICLE 5 SUCCESSOR COMPANY	  	 	10	  
				
		 	 Section 5.01
	 	Amendments to Article V of the Base Indenture	  	 	10	  
		
	ARTICLE 6 DEFAULTS AND REMEDIES	  	 	11	  
				
		 	 Section 6.01
	 	Amendments to Sections 6.1, 6.2 and 6.13 of the Base Indenture	  	 	11	  
		 	 Section 6.02
	 	[Reserved]	  	 	15	  
		 	 Section 6.03
	 	Restrictions Applicable During an Event of Default	  	 	15	  
		 	 Section 6.04
	 	Applicability of Provisions Related to Events of Default Contained in the Base Indenture	  	 	15	  
		
	ARTICLE 7 TAX TREATMENT	  	 	16	  
				
		 	 Section 7.01
	 	Tax Treatment	  	 	16	  

  
 i 

									
	ARTICLE 8 SATISFACTION AND DISCHARGE; DEFEASANCE	  	 	16	  
		
	ARTICLE 9 AMENDMENTS, SUPPLEMENTS AND WAIVERS	  	 	16	  
				
		 	Section 9.01	 	Amendments, Supplements and Waivers	  	 	16	  
		
	ARTICLE 10 SUBORDINATION	  	 	16	  
				
		 	Section 10.01	 	Subordination Terms	  	 	16	  
		
	ARTICLE 11 MISCELLANEOUS	  	 	21	  
				
		 	Section 11.01	 	Notices	  	 	21	  
		 	Section 11.02	 	Ratification of Indenture	  	 	22	  
		 	Section 11.03	 	Trustee Not Responsible for Recitals	  	 	23	  
		 	Section 11.04	 	Governing Law; Waiver of Jury Trial	  	 	23	  
		 	Section 11.05	 	Separability	  	 	24	  
		 	Section 11.06	 	Multiple Originals	  	 	24	  
	
	EXHIBIT	  
	Exhibit A — Form of Note	  	 	A-1	  

  
 ii 

 FIRST SUPPLEMENTAL INDENTURE, dated as of November 21, 2014 (this “Supplemental
Indenture”), among WILLIAM LYON HOMES, a Delaware corporation (the “Company”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association, not in its individual capacity but solely as trustee (the
“Trustee”) under the Indenture, dated as of November 21, 2014, between the Company and U.S. Bank National Association, a national banking association, as Trustee (the “Base Indenture,” and the Base Indenture,
as supplemented by this Supplemental Indenture, the “Indenture”). 
 R E C I T A L S 

WHEREAS, the Company has duly authorized the execution and delivery of the Base Indenture, to provide for the issuance from time to time of
its senior or subordinated debentures, notes or other evidences of indebtedness to be issued in one or more series (the “Securities”), as provided in the Base Indenture, up to such principal amount as may from time to time be
authorized in or pursuant to one or more resolutions of the Board of Directors, or by supplemental indenture or an Officer’s Certificate; 

WHEREAS, pursuant to the terms of the Base Indenture, the Company desires to provide for the establishment of a new series of its Securities
to be known as its 5.50% Senior Subordinated Amortizing Notes due December 1, 2017, (the “Notes” and each $18.01 of initial principal amount of such Securities, a “Note”), substantially in the form attached
hereto as Exhibit A and the terms, provisions and conditions thereof to be set forth as provided in this Supplemental Indenture; 

WHEREAS, the Company now wishes to issue Notes in an initial aggregate principal amount of $18,014,500 (as increased by an amount equal to the
Initial Principal Amount multiplied by the number of any additional Units (as defined herein) purchased by the Underwriters (as defined herein) pursuant to the exercise of their option to purchase additional Units as set forth in the Underwriting
Agreement (as defined herein)), each Note initially to be issued as a component of the Unit being issued on the date hereof by the Company pursuant to the Purchase Contract Agreement, dated as of November 21, 2014, among the Company and U.S.
Bank National Association, as Purchase Contract Agent, as Trustee and as attorney-in-fact for the holders of Purchase Contracts from time to time (the “Purchase Contract Agreement”). 

WHEREAS, the Company has requested that the Trustee execute and deliver this Supplemental Indenture; 

WHEREAS, the execution and delivery of this Supplemental Indenture has been duly authorized in all respects; and 

WHEREAS, all requirements necessary to make this Supplemental Indenture a legal, valid, binding and enforceable instrument in accordance with
its terms and the terms of the Base Indenture, and to make the Notes, when duly executed, authenticated and delivered, the legal, valid, binding and enforceable obligations of the Company, have been done and performed. 

 NOW THEREFORE, in consideration of the purchase and acceptance of the Notes by the Holders
thereof, the Company covenants and agrees with the Trustee, for the equal and ratable benefit of the Holders of the Notes, and for the purpose of setting forth, as provided in the Base Indenture, the form and terms of the Notes, as follows: 

ARTICLE 1 
 SCOPE OF SUPPLEMENTAL
INDENTURE; CERTAIN DEFINITIONS 
 Section 1.01 Scope of Supplemental Indenture. This Supplemental Indenture supplements, and to
the extent inconsistent therewith, replaces the provisions of the Base Indenture, to which provisions reference hereby made. 
 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 (which shall be initially in the aggregate principal amount of $18,014,500 (as
increased by an amount equal to the Initial Principal Amount multiplied by the number of any additional Units purchased by the Underwriters pursuant to the exercise of their option to purchase additional Units as set forth in the Underwriting
Agreement)) and shall not apply to any other Securities that may be issued under the 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 a series of Securities under the Indenture entitled “5.50% Senior Subordinated Amortizing Notes due December 1, 2017.” The Notes shall be issued in accordance with
the provisions of Article II of the Base Indenture, as modified pursuant to the terms hereof. 
 Section 1.02 Certain
Definitions. Section 1.1 of the Base Indenture is hereby amended by adding the following definitions in their proper alphabetical order which, in the event of a conflict with the definition of terms in the Base Indenture, shall govern.
Capitalized terms used but not defined herein have the meanings ascribed to such terms in the Base Indenture. 
 “Additional
Interest” shall have the meaning set forth in Section 6.01. 
 “Administrative Agent” means Credit Suisse AG,
in its capacity as administrative agent under the Revolving Credit Facility, together with its Affiliates, successors and assigns. 

“Bankruptcy Law” means Title 11, U.S. Code, or any similar other applicable insolvency, bankruptcy, corporate
arrangement or restructuring or similar law of any jurisdiction including any law of any jurisdiction permitting a debtor to obtain a stay or compromise of the claims of its creditors. 

“Base Indenture” shall have the meaning set forth in the first paragraph of this Supplemental Indenture. 

“Blockage Notice” shall have the meaning set forth in new Section 13.3 of the Base Indenture. 

  
 2 

 “Business Day” means each day that is not a Saturday, Sunday or other day on
which banking institutions in New York, New York or the place of payment are authorized or required by law to close. 

“Certificated Note” means a Note in definitive, registered form. 

“close of business” means 5:00 p.m., New York City time. 

“Common Stock” means the Class A Common Stock, par value $0.01 per share, of the Company and the Class B Common Stock,
par value $0.01 per share of the Company, as it existed on the date of this Supplemental Indenture. 
 “Company” shall have
the meaning set forth in the first paragraph of this Supplemental Indenture. 
 “Company Order” means a written order or
request of the Company, which is signed in the name of the Company by the Chairman of the Board of Directors, the Chief Executive Officer, the President, the Chief Financial Officer, the Chief Accounting Officer, any Vice President, the Treasurer or
any Assistant Treasurer or the Secretary or any Assistant Secretary of the Company, and delivered to the Trustee. 
 “Component
Note” means a Note in global form and attached to a Global Unit that (a) shall evidence the number of Notes specified therein that are components of the Units evidenced by such Global Unit, (b) shall be registered on the security
register for the Notes in the name of U.S. Bank National Association, as attorney-in-fact for Holder(s) of the Units of which such Notes form a part, and (c) shall be held by the Purchase Contract Agent as attorney-in-fact for such holder(s),
together with the Global Unit, as custodian of such Global Unit for the Depositary. 
 “Designated Senior Debt” means any
amounts outstanding under the Revolving Credit Facility. 
 “DTC” means The Depository Trust Company. 

“Event of Default” shall have the meaning set forth in Section 6.01. 

“Fundamental Change” shall have the meaning set forth in the Purchase Contract Agreement. 

“Global Note” shall have the meaning set forth in Section 2.01(b). 

“Global Note Holder” shall have the meaning set forth in Section 2.03. 

“Global Unit” shall have the meaning set forth in the Purchase Contract Agreement. 

“Holder” means a Person in whose name such Note is registered on the books of the Registrar. 

  
 3 

 “Indenture” shall have the meaning set forth in the first paragraph of this
Supplemental Indenture. 
 “Initial Principal Amount” means $18.01 per Note. 

“Installment Payment” shall have the meaning set forth in Section 2.02(a). 

“Installment Payment Date” means each March 1, June 1, September 1 and December 1, commencing
on March 1, 2015 and ending on December 1, 2017. 
 “Installment Payment Period” means the period from, and
including, the Issue Date to, but excluding, the first Installment Payment Date and each subsequent full quarterly period from, and including, an Installment Payment Date to, but excluding, the immediately succeeding Installment Payment Date. 

“Issue Date” means November 21, 2014. 

“Maturity Date” means December 1, 2017. 

“Non-Recourse Indebtedness” with respect to any Person means indebtedness of such Person for which (1) 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 such property was acquired with the proceeds of such indebtedness or
such indebtedness was incurred within 90 days after the acquisition of such property and (2) no other assets of such person may be realized upon in collection of principal or interest on such indebtedness. Indebtedness that is otherwise
Non-Recourse Indebtedness will not lose its character as Non-Recourse Indebtedness because there is recourse for (a) environmental warranties or indemnities, (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 obligor from secured assets to be paid to the lender, waste and mechanics liens or (c) similar customary
“bad-boy” guarantees. 
 “Note” and “Notes” shall have the respective meanings set forth in the
Recitals and includes, for the avoidance of doubt, both Separate Notes and Component Notes. 
 “Officer” means the Chairman
of the Board of Directors, the Chief Executive Officer, the Chief Financial Officer, the Chief Accounting Officer, the President, any Vice President (regardless of any vice presidential designation), the Treasurer or any Assistant Treasurer or the
Secretary or any Assistant Secretary of the Company. 
 “Officers’ Certificate” means a certificate signed by two
Officers and delivered to the Trustee. 
 “Opinion of Counsel” means a written opinion from legal counsel who is acceptable
to the Trustee. The counsel may be an employee of or counsel to the Company or the Trustee. 

  
 4 

 “Paying Agent” refers to a Person engaged to perform obligations in respect of
payments made or funds held and shall initially mean the Trustee. 
 “Payment Blockage Period” shall have the meaning set
forth in new Section 13.3 of the Base Indenture. 
 “Payment Default” shall have the meaning set forth in new
Section 13.3 of the Base Indenture. 
 “pay the Notes” shall have the meaning set forth in new Section 13.3 of
the Base Indenture. 
 “Person” means any individual, corporation, limited liability company, partnership, joint venture,
association, joint stock company, trust, unincorporated organization, government or any agency or political subdivision hereof or any other entity. 

“Prospectus Supplement” means the Preliminary Prospectus Supplement dated November 17, 2014, related to the Units, as
supplemented by the pricing term sheet dated November 17, 2014 related to the Units. 
 “Purchase Contract” shall have
the meaning set forth in the Purchase Contract Agreement. 
 “Purchase Contract Agreement” shall have the meaning set forth
in the Recitals. 
 “Registrar” refers to a Person engaged to maintain the security register for the Notes and shall
initially mean the Trustee. 
 “Regular Record Date” means, with respect to any Installment Payment Date, the close of
business 15 calendar days preceding such Installment Payment Date. 
 “Reporting Event of Default” shall have the
meaning set forth in Section 6.01. 
 “Revolving Credit Facility” means the Credit Agreement, dated as of
August 7, 2013, by and among the Company, William Lyon Homes, Inc., a California corporation, and Credit Suisse AG, as administrative agent. 

“Securities” shall have the meaning set forth in the Recitals. 

“Senior Debt” means the principal of, premium, if any, and interest (including any interest accruing subsequent to the filing
of a petition of bankruptcy at the rate provided for in the documentation with respect thereto, whether or not such interest is an allowed claim under applicable law) on any indebtedness of the Company, whether outstanding on the Issue Date or
thereafter created, incurred or assumed, unless, in the case of any particular indebtedness, the instrument creating or evidencing the same or pursuant to which the same is outstanding expressly provides that such indebtedness shall be subordinate
in right of payment to the Notes, as the case may be. 

  
 5 

 “Separate Note” means a Note that has been separated from a Unit in accordance
with the terms of the Purchase Contract Agreement. 
 “Separate Purchase Contract” means a Purchase Contract that has been
separated from a Unit in accordance with the terms of the Purchase Contract Agreement. 
 “Significant Subsidiary” means
any Subsidiary that would be a “Significant Subsidiary” of the Company within the meaning of Rule 1-02 under Regulation S-X promulgated by the SEC. 

“Successor Company” shall have the meaning set forth in Section 5.01(a)(i). 

“Supplemental Indenture” shall have the meaning set forth in the first paragraph of this Supplemental Indenture. 

“Trustee” means the party named in the first paragraph of this Supplemental Indenture until a successor replaces such party
in accordance with the applicable provisions of the Indenture and thereafter shall mean the successor serving hereunder. 

“Underwriters” shall have the meaning set forth in the Underwriting Agreement. 

“Underwriting Agreement” means the Underwriting Agreement, dated as of November 17, 2014, between the Company, the
Underwriters named therein and Oppenheimer & Co. Inc., as qualified independent underwriter, relating to the Units. 

“Unit” shall have the meaning set forth in the Purchase Contract Agreement. 

Section 1.03 References to Interest. Any reference to interest on, or in respect of, any Note in this Supplemental Indenture shall
be deemed to include Additional Interest if, in such context, Additional Interest is, was or would be payable pursuant to Section 6.01. Any express mention of the payment of Additional Interest in any provision hereof shall not be construed as
excluding Additional Interest in those provisions hereof where such express mention is not made. 
 Section 1.04 Rules of
Construction. All Section references in this Supplemental Indenture refer to Sections of this Supplemental Indenture (and not the Base Indenture) unless otherwise provided. 

ARTICLE 2 
 THE NOTES 

Section 2.01 Form of Notes. (a) The Notes will initially be issued as Component Notes in the form of Attachment 4 to the
form of Global Unit attached as Exhibit A to the Purchase Contract Agreement, and will be attached to the related Global Units and registered in the name of U.S. Bank National Association, as attorney-in-fact for the holder(s) of such Global
Units. 

  
 6 

 (b) Holders of Units have the right to separate such Units into their constituent parts,
consisting of Separate Purchase Contracts and Separate Notes, during the times, and under the circumstances, described in Section 2.03 of the Purchase Contract Agreement. Upon separation of any Unit into its constituent parts, (i) if such
Unit is a Global Unit, the Separate Notes will initially be evidenced by Global Securities in the form of Exhibit A hereto (the “Global Note”) deposited with the Trustee as custodian for the Depositary and registered in
the name of the Depositary or its nominee, or (ii) if such Unit is in definitive, registered form, the Separate Notes will be evidenced by a Certificated Note, in each case, as provided in Section 2.03 of the Purchase Contract Agreement.
Following separation of any Unit into its constituent Separate Note and Separate Purchase Contract, the Separate Notes are transferable independently from the Separate Purchase Contracts. In addition, Separate Notes can be recombined with Separate
Purchase Contracts to recreate Units, as provided for in Section 2.04 of the Purchase Contract Agreement. 
 (c) The terms of such
Notes are herein incorporated by reference and are part of this Supplemental Indenture. 
 (d) The Notes shall be issuable in denominations
initially equal to the Initial Principal Amount and integral multiples in excess thereof. 
 Section 2.02 Installment Payments.

 (a) Installment Payment Dates. On each Installment Payment Date, the Company shall pay, in cash, installments on each Note of
$1.6250 (each, an “Installment Payment”); provided that the Installment Payment on each Note on March 1, 2015 shall equal $1.8056. Installments will be paid to the person in whose name a Note is registered on the Regular Record
Date corresponding to such Installment Payment Date. 
 (b) Installment Payment Amount. (i) Each Installment Payment shall
constitute a payment of interest (at a rate of 5.50% per annum) and a partial repayment of principal on the Note, allocated as set forth in the schedule below. 
  

									
	 Installment Payment Date
	  	Amount of Principal	 	  	Amount of Interest	 
	 March 1, 2015
	  	$	1.5303	  	  	$	0.2752	  
	 June 1, 2015
	  	$	1.3983	  	  	$	0.2267	  
	 September 1, 2015
	  	$	1.4176	  	  	$	0.2074	  
	 December 1, 2015
	  	$	1.4371	  	  	$	0.1879	  
	 March 1, 2016
	  	$	1.4568	  	  	$	0.1682	  
	 June 1, 2016
	  	$	1.4769	  	  	$	0.1481	  
	 September 1, 2016
	  	$	1.4972	  	  	$	0.1278	  
	 December 1, 2016
	  	$	1.5177	  	  	$	0.1073	  
	 March 1, 2017
	  	$	1.5386	  	  	$	0.0864	  
	 June 1, 2017
	  	$	1.5598	  	  	$	0.0652	  
	 September 1, 2017
	  	$	1.5812	  	  	$	0.0438	  
	 December 1, 2017
	  	$	1.6030	  	  	$	0.0220	  

  
 7 

 (ii) Each Installment Payment for any Installment Payment Period shall be computed by the Company
on the basis of a 360-day year of twelve 30-day months. If an Installment Payment is payable for any period shorter or longer than a full Installment Payment Period, such Installment Payment shall be computed on the basis of the actual number of
days elapsed per 30-day month. 
 (iii) If any date on which an Installment Payment is payable is not a Business Day, then payment of the
Installment Payment on such date will be made on the next succeeding day that is a Business Day, and without any interest or other payment in respect of any such delay. However, if such Business Day is in the next succeeding calendar year, then such
Installment Payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date when such Installment Payment was originally due. 

(iv) Notwithstanding anything to the contrary herein, the amount of any Installment Payment for any Installment Payment Period shall be
increased by the amount of Additional Interest, if any, payable for such Installment Payment Period pursuant to Section 6.01 

Section 2.03 Depositary. The Depositary for the Global Note shall initially be DTC. The Global Note (which shall initially
evidence zero Notes) shall be deposited on or about the Issue Date with, or on behalf of, DTC and registered in the name of Cede & Co., as nominee of DTC (such nominee being referred to herein as the “Global Note Holder”).

 Section 2.04 Certificated Notes. Section 2.14.2 of the Base Indenture shall be deemed, with respect to the Notes, to be
replaced in its entirety with the following: 
 “(b) Notwithstanding any provisions to the contrary contained in Section 2.7 of
this Indenture and in addition thereto, and unless otherwise provided for a particular Series of Securities by a resolution of the Board of Directors, a supplemental indenture or an Officers’ Certificate, any Global Security shall be
exchangeable pursuant to Section 2.07 of this Indenture for Securities registered in the names of Holders other than the Depositary for such Security or its nominee only if: 

(i) the Depositary is unwilling or unable to continue as Depositary for such Global Note and the Company is unable to find a qualified
replacement for such Depositary within 90 calendar days; 
 (ii) at any time the Depositary ceases to be a clearing agency registered under
the Exchange Act; 
 (iii) an Event of Default, or any failure by the Company to observe or perform any covenant or agreement in the
Indenture has occurred and is continuing and the beneficial owner of any Notes represented by a Global Note requests that its Notes be issued in physical, certificated form, or 

  
 8 

 (iv) the Company in its sole discretion determines to allow some or all Global
Securities to be exchangeable for definitive securities in registered form, 
 then, in each case, the Company shall execute, and the Trustee, upon receipt
of an Company Order for the authentication and delivery of Certificated Notes, shall authenticate and deliver Certificated Notes in any authorized denominations, in an aggregate principal amount equal to the principal amount of the Global Note or
Notes representing such Notes (or in an aggregate principal amount equal to the principal amount of the Notes in respect of which a beneficial owner has requested the issuance of Notes in physical, certificated form pursuant to clause (iii) or
(iv) above) in exchange for such Global Note or Notes (or relevant portion thereof). 
 Except as provided in this Section 2.14.2,
a Global Security may not be transferred except as a whole by the Depositary with respect to such Global Security to a nominee of such Depositary, by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by the
Depositary or any such nominee to a successor Depositary or a nominee of such a successor Depositary.” 
 Section 2.05
Registrar, Paying Agent and Notice Agent. The Company hereby designates the Trustee the initial Registrar, Paying Agent and Notice Agent, and the Corporate Trust Office, which shall be in the continental United States, as one such office or
agency of the Company or each of the aforesaid purposes. The Corporate Trust Office shall be the place or places where the Installment Payments on the Notes shall be payable and where the Notes may be surrendered for registration of transfer or
exchange and the method of such payment, if by wire transfer, mail or other means; provided that, in the event Certificated Notes are issued, the Paying Agent will maintain an office in the Borough of Manhattan for the payment of Installment
Payments on such Certificated Notes; provided, further, that payment of Installment Payments may be made at the option of the Company by check mailed to the registered Holder at such address as shall appear in the Registrar’s
register or by wire transfer to an account appropriately designated by the Holder entitled to payment. 
 ARTICLE 3 

NO REDEMPTION 
 Section 3.01
No Redemption. Article III of the Base Indenture (Redemption) shall not apply to the Notes. 
 Section 3.02 No Sinking
Fund. The Notes are not entitled to the benefit of any sinking fund. 
 ARTICLE 4 

COVENANTS 
 Section 4.01
[Reserved] 

  
 9 

 Section 4.02 Reports. Section 4.2 of the Base Indenture shall not apply to, and
shall have no force and effect with respect to, the Notes and, with respect to the Notes, shall be replaced in its entirety by the following: 

“The Company shall file with the Trustee, within 15 days after the Company is required to file the same with the SEC (after giving
effect to any grace period provided by Rule 12b-25 under the Exchange Act), copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the SEC may from time to time by
rules and regulations prescribe) which the Company may be required to file with the SEC pursuant to Section 13 or Section 15(d) of the Exchange Act. For purposes of this section, documents filed by the Company with the SEC via the EDGAR
system will be deemed to be filed with the Trustee as of the time such documents are filed via EDGAR, provided, however, that the Trustee shall have no obligation whatsoever to determine if such filing has occurred.” 

Section 4.03 Applicability of Covenants Contained in the Base Indenture. Each of the agreements and covenants of the Company
contained in Article IV of the Base Indenture shall apply to the Notes, except as provided above. 
 ARTICLE 5 

SUCCESSOR COMPANY 

Section 5.01 Amendments to Article V of the Base Indenture. 

Article V of the Base Indenture shall not apply to, and shall have no force and effect with respect to, the Notes and, with respect to
the Notes, shall be replaced in its entirety with the following: 
 “SECTION 5.1 When Company May Merge or Transfer Assets.

 (a) The Company shall not consolidate with or merge or amalgamate with or into or wind up into (whether or not the Company is the
surviving corporation), or sell, assign, convey, transfer, lease or otherwise dispose of all or substantially all of the properties and assets of it and its subsidiaries, taken as a whole, in one or more related transactions, to any Person unless:

 (i) the resulting, surviving or transferee person (the “Successor Company”) is a corporation organized
and existing under the laws of the United States of America, any state or territory thereof or the District of Columbia; 

(ii) the Successor Company (if other than the Company) expressly assumes all of the obligations of the Company under the Notes
and the Indenture pursuant to a supplemental indenture or other documents or instruments in form reasonably satisfactory to the U.S. Trustee; 

(iii) immediately after giving effect to such transaction, no Default or Event of Default shall have occurred and be
continuing; or 

  
 10 

 (iv) the Company shall have delivered to the Trustee (1) an Officers’
Certificate stating that such consolidation, merger, amalgamation, winding up or disposition, and such supplemental indenture, if any, comply with the indenture and that immediately after giving effect to such transaction, no Default or shall have
occurred and be continuing, and (2) an Opinion of Counsel, each stating that such consolidation, merger, amalgamation, winding up or disposition, and such supplemental indenture, if any, comply with the Indenture. 

(b) The Company shall be released from its obligations under the Indenture and the Successor Company shall succeed to, and be
substituted for, and may exercise every right and power of, the Company under the indenture and the Notes; provided that, in the case of a lease of all or substantially all its assets, the Company shall not be released from the obligation to
pay the principal of and interest on the Notes. 
 (c) For purposes of this Section 5.01, the sale, assignment, conveyance,
transfer, lease or other disposition of all or substantially all of the properties and assets of one or more Subsidiaries of the Company, which properties and assets, if held by the Company instead of such Subsidiaries, would constitute all or
substantially all of the properties and assets of the Company on a consolidated basis, shall be deemed to be the disposition of all or substantially all of the properties and assets of the Company.” 

ARTICLE 6 
 DEFAULTS AND REMEDIES

 Section 6.01 Amendments to Sections 6.1, 6.2 and 6.13 of the Base Indenture. Sections 6.1, 6.2 and 6.13 shall not
apply to, and shall have no force and effect with respect to, the Notes and, with respect to the Notes, shall be replaced in their entirety with the following: 

“SECTION 6.1 Events of Default. Each of the following constitutes an “Event of Default” with respect to the Notes: 

(a) failure by the Company to pay any Installment Payments on Notes as and when due, and such failure continues for 30 days (whether or
not such payment is prohibited pursuant to the terms of Article XIII); 
 (b) failure by the Company to give notice of Fundamental Change in
accordance with Section 4.05(c) of the Purchase Contract Agreement; 
 (c) failure by the Company to duly observe or perform any other
of the covenants or agreements in the Notes or in the Indenture, and such failure continues for the period and after the notice specified below; 

(d) failure by the Company to comply after notice as provided below with any of their obligations under Section 4.02 of this Supplemental
Indenture; 
 (e) default by the Company or any of its Subsidiaries under any mortgage, indenture or instrument under which there is issued
or by which there is secured or 

  
 11 

 
evidenced any indebtedness (other than Non-Recourse Indebtedness) for money borrowed by the Company or any of its Subsidiaries (or the payment of which is guaranteed by the Company or any of its
Subsidiaries), other than indebtedness owed to the Company or a Subsidiary, whether such indebtedness or guarantee now exists or is created after the Issue Date, which default: 

(i) is caused by a failure to pay principal of, or interest or premium, if any, on such indebtedness prior to the expiration of the grace
period provided in such indebtedness; or 
 (ii) results in the acceleration of such indebtedness prior to its maturity; 

and, in each case, the principal amount of any such indebtedness, together with the principal amount of any other such indebtedness under which there has been
an event as described under Section 6.01(e)(i) or (ii), aggregates $20.0 million or more (or its foreign currency equivalent); provided, however, that if any such default is cured or waived or any acceleration rescinded or such
indebtedness is repaid, in each case, within a period of ten (10) days from the continuation of such default beyond any applicable grace period or the occurrence of such acceleration, as the case may be, such Event of Default and any
declaration of acceleration shall automatically be rescinded so long as (A) such rescission does not conflict with any judgment or decree and (ii) all existing Events of Default, except nonpayment of Installment Payments that became due
solely because of such acceleration of the Notes, have been cured or waived; 
 (f) the failure by the Company or any of its Significant
Subsidiaries or any group of Subsidiaries that, taken together (as of the date of the latest audited consolidated financial statements of the Company), would constitute a Significant Subsidiary to pay final judgments aggregating in excess of $20.0
million (or its foreign currency equivalent) (net of any amounts that a reputable and creditworthy insurance company has acknowledged liability for in writing), which judgments are not paid, discharged or stayed for a period of 60 days or more
after such judgment becomes final; 
 (g) the Company or any of its Significant Subsidiaries or any group of Subsidiaries that, taken
together (as of the date of the latest audited consolidated financial statements of the Company), would constitute a Significant Subsidiary pursuant to or within the meaning of any Bankruptcy Law: 

(i) commences proceedings to be adjudicated bankrupt or insolvent; 

(ii) consents to the institution of bankruptcy or insolvency proceedings against it, or the filing by it of a petition or notice of intent or
answer or consent seeking an arrangement of debt, reorganization, dissolution, winding up or relief under applicable Bankruptcy Law; 
 (iii)
consents to the appointment of a receiver, interim receiver, receiver and manager, liquidator, assignee, trustee, sequestrator or other similar official of it or for all or substantially all of its property; 

  
 12 

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

(v) generally is not paying its debts as they become due; or 

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

(i) is for relief against the Company, any Significant Subsidiary or any group of Subsidiaries that, taken together (as of the
date of the most recent audited consolidated financial statements of the Company), would constitute a Significant Subsidiary, in a proceeding in which the Company, any such Significant Subsidiary or any group of Subsidiaries that, taken together (as
of the date of the latest audited consolidated financial statements of the Company), would constitute a Significant Subsidiary, is to be adjudicated bankrupt or insolvent; 

(ii) appoints a receiver, interim receiver, receiver and manager, liquidator, assignee, trustee, sequestrator or other similar
official of the Company, any Significant Subsidiary or any group of Subsidiaries that, taken together (as of the date of the latest audited consolidated financial statements of the Company), would constitute a Significant Subsidiary, or for all or
substantially all of the property of the Company, any Significant Subsidiary or any group of Subsidiaries that, taken together (as of the date of the latest audited consolidated financial statements of the Company), would constitute a Significant
Subsidiary; or 
 (iii) orders the liquidation, dissolution or winding up of the Company, or any Significant Subsidiary or
any group of Subsidiaries that, taken together (as of the date of the latest audited consolidated financial statements of the Company), would constitute a Significant Subsidiary; 

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

The foregoing shall constitute Events of Default whatever the reason for any such Event of Default and whether such Event of Default is voluntary or
involuntary or is effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body. 

Notwithstanding the foregoing, a default under Section 6.01(c) or (d) shall not constitute an Event of Default until the Trustee notifies the
Company or the Holders of at least 25% in principal amount of the outstanding Notes notify the Company and the Trustee in writing of the Default and the Company does not cure such Default in the case of 6.01(c) within 60 days of receipt of such
notice, or in the case of 6.01(d) within 90 days of receipt of such notice. 
 Notwithstanding the foregoing, during the first 180 days after the
occurrence of an Event of Default relating to the Company’s failure to comply with Section 4.02 (a “Reporting Event of Default”), the Company, by notifying the Trustee and the Paying Agent and all Holders, in writing, on
or before the close of business on the fifth Business Day 

  
 13 

 
immediately following the date on which such Event of Default otherwise would occur (in accordance with the immediately preceding paragraph above), may elect that the sole remedy of the Holders
for such a Reporting Event of Default will consist exclusively of the right to receive additional interest on the Notes (“Additional Interest”) at a rate per year equal to (i) 0.25% of the outstanding principal amount of the
Notes for the first 90 days after the occurrence of such Reporting Event of Default (which, for the avoidance of doubt, will be the 91st day after written notice is provided to the Company pursuant to the immediately preceding paragraph above) and
(ii) 0.50% of the outstanding principal amount of the Notes for the 90 days immediately following such 90-day period, payable in arrears on each Installment Payment Date following the date on which such Reporting Event of Default first occurs
and in the same manner as regular interest on the Notes (which Additional Interest will, for the avoidance of doubt, result in an increase in the amount of any such Installment Payment). On the 181st day after such Reporting Event of Default (if
such violation is not cured or waived prior to such 181st day) or if the Company does not elect to pay Additional Interest upon a Reporting Event of Default in accordance with this paragraph, the Notes will be subject to acceleration as described in
Section 6.2. 
 The Company will provide the Trustee written of notice of any event that would constitute a Default or Event of Default
within 10 Business Days of the occurrence thereof, which notice will describe in reasonable detail the status of such Default or Event of Default and what action the Company is taking or proposes to take in respect thereof.” 

“SECTION 6.2 Acceleration. (a) If an Event of Default (other than an Event of Default described Section 6.1(g) or
(h) with respect to the Company) occurs and is continuing, the Trustee by written notice to the Company, specifying the Event of Default, or the Holders of at least 25% in principal amount of the then outstanding Notes by notice to the Company
and the Trustee, may, and the Trustee at the written request of such Holders shall, declare all Notes to be due and payable. Upon such a declaration of acceleration, all amounts on the Notes payable on all of the Notes will become due and payable
immediately. 
 (b) If an Event of Default described in Section 6.1(g) or (h) above occurs with respect to the Company and is
continuing, all amounts payable on all the Notes will become due and payable immediately and automatically without any declaration or other act on the part of the Trustee or any Holders.” 

“SECTION 6.13 Waiver of Past Defaults. The Holders of a majority in principal amount of the outstanding Notes may waive all past
defaults (except with respect to nonpayment of Installment Payments or a Default in respect of a provision that under Section 9.3 of the Base Indenture or Section 9.01 of this Supplemental Indenture cannot be amended without the consent of
each Holder affected or without the consent of the Administrative Agent) and rescind any such acceleration with respect to the Notes and its consequences if: 

(1) rescission would not conflict with any judgment or decree of a court of competent jurisdiction; and 

  
 14 

 (2) all existing events of default, other than the nonpayment of Installment Payments that have
become due solely by such declaration of acceleration, have been cured or waived.” 
 Section 6.02 [Reserved] 

Section 6.03 Restrictions Applicable During an Event of Default. If there shall have occurred and continuing an Event of Default
under the Indenture, then: 
 (a) the Company and its Subsidiaries shall not declare or pay any dividend on, make any distributions relating
to, or redeem, purchase, acquire or make a liquidation payment relating to any of its Capital Stock or make any guarantee payment with respect thereto other than: 

(1) purchases, redemptions or other acquisitions of shares of Capital Stock in connection with any employment contract, benefit
plan or other similar arrangement with or for the benefit of employees, officers, directors or consultants; 
 (2) purchases
of shares of any class of Common Stock pursuant to a contractually binding requirement to buy stock existing prior to such Default, including under a contractually binding stock repurchase plan; 

(3) as a result of an exchange or conversion of any class or series of Capital Stock that, by its terms as in effect prior to
the occurrence of such Default, is exchangeable for or convertible into any other class or series of the Company’s Capital Stock; and 

(4) the purchase of fractional interests in shares of the Company’s Capital Stock pursuant to the conversion or exchange
provisions of such Capital Stock or the security being converted or exchanged; and 
 (b) subject to new Article XIII of the Base Indenture,
the Company and its Subsidiaries shall not make any payment of interest, principal or premium on, or repay, purchase or redeem, any unsecured debt securities issued by it that rank equally with or junior to the Notes, other than pro rata payments of
accrued and unpaid interest on the Notes and any other unsecured debt securities or guarantees issued by the Company that rank equally with the Notes, except and to the extent the terms of any such debt securities would prohibit the Company from
making such pro rata payment; 
 provided, however, that the foregoing restrictions shall not apply to any stock dividends or distributions
with respect to Common Stock where the Company exclusively issues shares of Common Stock in such dividends or distributions. 
 Section 6.04
Applicability of Provisions Related to Events of Default Contained in the Base Indenture. The provisions of Article VI of the Base Indenture shall apply to the Notes, except as provided above. 

  
 15 

 ARTICLE 7 

TAX TREATMENT 
 Section 7.01
Tax Treatment. The Company and each Holder agrees, for United States federal income tax purposes, to treat the Notes as indebtedness of the Company. 

ARTICLE 8 
 SATISFACTION AND
DISCHARGE; DEFEASANCE 
 For the avoidance of doubt, the provisions of Article VIII of the Base Indenture (Satisfaction and Discharge;
Defeasance) shall apply to the Notes and in respect of this Supplemental Indenture. 
 ARTICLE 9 

AMENDMENTS, SUPPLEMENTS AND WAIVERS 

Section 9.01 Amendments, Supplements and Waivers. The Company and the Trustee may amend, supplement or waive defaults under this
Supplemental Indenture and the Notes as provided in Article IX of the Base Indenture; provided that in addition to the provisions of Section 9.3 of the Base Indenture, no amendment, supplement or waiver shall, without the consent of
each Holder affected thereby, change any Installment Payment Date or the amount of or other terms affecting any Installment Payment; provided further that in addition to the provisions of Section 9.1 of the Base Indenture, the Company
and the Trustee may amend or supplement this Supplemental Indenture or the Notes without notice to or the consent of any Holder to conform the provisions of this Supplemental Indenture and the Notes to the “Description of the amortizing
notes” section of the Prospectus Supplement; and provided further that in addition to the provisions of Section 9.3 of the Base Indenture, no amendment may be made to Article 10 of this Supplemental Indenture that adversely affects
the rights of any holder of Designated Senior Debt then outstanding unless the Administrative Agent consents to such change. 
 ARTICLE 10

 SUBORDINATION 

Section 10.01 Subordination Terms. The following shall be added to the Base Indenture as a new Article XIII with respect to the
Notes: 
 “SECTION 13.1. Agreement to Subordinate. The Company agrees, and each Holder by accepting a Note agrees, that the
indebtedness evidenced by the Notes is subordinated in right of payment, to the extent and in the manner provided in this Article XIII, to the prior payment of all Designated Senior Debt of the Company and that the subordination is for the benefit
of, and enforceable by, the holders of such Designated Senior Debt. The Notes shall in all respects rank pari passu with all other Senior Debt of the Company and no indebtedness of the Company other than Designated Senior Debt
shall rank senior to the Notes. All provisions of this Article XIII shall be subject to Section 13.12. 

  
 16 

 SECTION 13.2. Liquidation, Dissolution, Bankruptcy. Upon any payment or distribution of
the assets of the Company to creditors upon a total or partial liquidation or a total or partial dissolution of the Company or in a bankruptcy, reorganization, insolvency, receivership or similar proceeding relating to the Company or its property:

 (a) holders of Designated Senior Debt of the Company shall be entitled to receive payment in full in cash of such
Designated Senior Debt before Holders shall be entitled to receive any payment; and 
 (b) until the Designated Senior Debt
of the Company is paid in full in cash, any payment or distribution to which Holders would be entitled but for this Article XIII shall be made to holders of such Designated Senior Debt as their interests may appear, except that Holders may receive
shares of stock and any debt securities that are subordinated to such Designated Senior Debt to at least the same extent as the Notes. 

SECTION 13.3. Default on Designated Senior Debt of the Company. The Company shall not pay the principal of, premium, if any, or interest
on the Notes or make any deposit pursuant to Article VIII of the Base Indenture and may not purchase or otherwise retire any Notes (collectively, “pay the Notes”) if either of the following (a “Payment Default”)
occurs: (1) any Designated Senior Debt of the Company is not paid in full in cash when due; or (2) any other default on Designated Senior Debt of the Company occurs, and the maturity of such Designated Senior Debt is accelerated in
accordance with its terms unless, in either case, the Payment Default has been cured or waiver and any such acceleration has been rescinded or such Designated Senior Debt has been paid in full in cash; provided, however, that the
Company shall be entitled to pay the Notes without regard to the foregoing if the Company and the Trustee receive written notice approving such payment from the Administrative Agent. During the continuance of any default (other than a Payment
Default) with respect to the Designated Senior Debt of the Company pursuant to which the maturity thereof may be accelerated immediately without further notice (except such notice as may be required to effect such acceleration) or the expiration of
any applicable grace periods, the Company shall not pay the Notes for a period (a “Payment Blockage Period”) commencing upon the receipt by the Trustee of (with a copy to the Company) written notice (a “Blockage
Notice”) of such default from the Administrative Agent specifying an election to effect a Payment Blockage Period and ending 179 days thereafter. The Payment Blockage Period shall end earlier if such Payment Blockage Period is terminated
(1) by written notice to the Trustee and the Company from the Administrative Agent; (2) because the default giving rise to such Blockage Notice is cured, waived or otherwise no longer continuing; or (3) because such Designated Senior
Debt has been discharged or repaid in full in cash. Notwithstanding the provisions described in the immediately preceding two sentences but subject to the provisions contained in the first sentence of this Section 13.3, unless the holders of
Designated Senior Debt or the Administrative Agent shall have accelerated the maturity of such Designated Senior Debt, the 

  
 17 

 
Company shall be entitled to resume payments on the Notes after the termination of such Payment Blockage Period. The Notes shall not be subject to more than one Payment Blockage Period in any
consecutive 360-day period, irrespective of the number of defaults with respect to Designated Senior Debt of the Company during such period. For purposes of this Section, no default or event of default which existed or was continuing on the date of
the commencement of any Payment Blockage Period with respect to the Designated Senior Debt shall be, or be made, the basis of the commencement of a subsequent Payment Blockage Period by the Administrative Agent, whether or not within a period of 360
consecutive days, unless such default or event of default shall have been cured or waived for a period of not less than 90 consecutive days. 

SECTION 13.4. Acceleration of Payment of Notes. If payment of the Notes is accelerated because of an Event of Default, the Company or
the Trustee shall promptly notify the holders of the Designated Senior Debt or the Administrative Agent of such acceleration. 
 SECTION
13.5. When Distribution Must Be Paid Over. If a distribution is made to Holders that, because of this Article XIII, should not have been made to them, the Holders who receive the distribution shall hold it in trust for holders of the
Designated Senior Debt and pay it over to them as their interests may appear. If any Designated Senior Debt is outstanding, the Company shall not pay the Notes until five Business Days after the Administrative Agent receives notice of such
acceleration and, thereafter, shall be entitled to pay the Notes only if this Article XIII otherwise permits payment at that time. 
 SECTION
13.6. Subrogation. After all Designated Senior Debt of the Company is paid in full, and until the Notes are paid in full, Holders shall be subrogated to the rights of holders of such Designated Senior Debt to receive distributions applicable
to such Designated Senior Debt. A distribution made under this Article XIII to holders of such Designated Senior Debt which otherwise would have been made to Holders is not, as between the Company and Holders, a payment by the Company on such
Designated Senior Debt. 
 SECTION 13.7. Relative Rights. This Article XIII defines the relative rights of Holders and holders of the
Designated Senior Debt. Nothing in this Indenture shall: 
 (a) impair, as between the Company and Holders, the obligation of
the Company, which is absolute and unconditional, to make Installment Payments in accordance with their terms; or 
 (b)
prevent the Trustee or any Holder from exercising its available remedies upon a Default or Event of Default, subject to the rights of holders of the Designated Senior Debt to receive distributions otherwise payable to Holders. 

  
 18 

 SECTION 13.8. Subordination May Not Be Impaired By Company. No right of any holder of
Designated Senior Debt to enforce subordination of the indebtedness evidenced by the Notes shall be impaired by any act or failure to act by the Company or by its failure to comply with this Indenture. 

SECTION 13.9. Rights of Trustee and Paying Agent. Notwithstanding anything in this Article XIII, the Trustee or Paying Agent shall
continue to make payments on the Notes and shall not be charged with knowledge of the existence of facts that under this Article XIII would prohibit the making of any payments to or by the Trustee unless and until, not less than two Business Days
prior to the date of such payment, a Responsible Officer of the Trustee receives written notice satisfactory to it that such payments are prohibited by this Article XIII. The Company or the Administrative Agent shall be entitled to give the notice.
Prior to the receipt of any such written notice, the Trustee shall be entitled in all respects conclusively to presume that no such fact exists. Unless the Trustee shall have received the notice provided for in the preceding sentence, the Trustee
shall have full power and authority to receive such payment and to apply the same to the purpose for which it was received and shall not be affected by any notice to the contrary which may be received by it on or after such date. The foregoing shall
not apply to any Affiliate of the Company acting as Paying Agent. 
 The Trustee in its individual or any other capacity
shall be entitled to hold Designated Senior Debt with the same rights it would have if it were not Trustee. The Registrar and Paying Agent shall be entitled to do the same with like rights. The Trustee shall be entitled to all the rights set forth
in this Article XIII with respect to the Designated Senior Debt which may at any time be held by it, to the same extent as any other holder of such Designated Senior Debt; and nothing in Article VII of the Base Indenture shall deprive the Trustee of
any of its rights as such holder. Notwithstanding anything in this Article XIII to the contrary, all amounts owed to the Trustee (including amounts owed pursuant to Section 7.7 of the Base Indenture) in each of its capacities hereunder shall
not be subordinated to the Designated Senior Debt. 
 SECTION 13.10. Distribution or Notice to Administrative Agent. Whenever any
Person is to make a distribution or give a notice to holders of Designated Senior Debt, such Person shall be entitled to make such distribution or give such notice to the Administrative Agent. 

SECTION 13.11. Not to Prevent Events of Default or Limit Right to Accelerate. The failure to make a payment pursuant to the Notes by
reason of any provision in this Article XIII shall not be construed as preventing the occurrence of a Default. Nothing in this Article XIII shall have any effect on the right of the Holders or the Trustee to accelerate the maturity of the Notes.

 SECTION 13.12. Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the
proceeds of U.S. Government Obligations held in trust under Article VIII of the Base Indenture by 

  
 19 

 
the Trustee for the payment of principal of and interest on the Notes shall not be subordinated to the prior payment of the Designated Senior Debt or subject to the restrictions set forth in this
Article XIII if the provisions of this Article XIII were not violated at the time funds were deposited in trust with the Trustee pursuant to Article VIII of the Base Indenture, and none of the Holders shall be obligated to pay over any such amount
to the Company or any holder of Designated Senior Debt or any other creditor of the Company. 
 SECTION 13.13. Trustee Entitled to
Rely. Upon any payment or distribution pursuant to this Article XIII, the Trustee, subject to Section 7.1 of the Base Indenture, and the Holders shall be entitled to rely (1) upon any order or decree of a court of competent
jurisdiction in which any proceedings of the nature referred to in Section 13.2 hereof are pending, (2) upon a certificate of the liquidating trustee or agent or other Person making such payment or distribution to the Trustee or to the
Holders or (3) upon the Administrative Agent for the purpose of ascertaining the Persons entitled to participate in such payment or distribution, the holders of the Designated Senior Debt and other indebtedness of the Company, the amount
thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article XIII. In the event that the Trustee determines, in good faith, that evidence is required with respect to the right
of any Person as a holder of Designated Senior Debt to participate in any payment or distribution pursuant to this Article XIII, the Trustee shall be entitled to request such Person to furnish evidence to the reasonable satisfaction of the Trustee
as to the amount of such Designated Senior Debt held by such Person, the extent to which such Person is entitled to participate in such payment or distribution and other facts pertinent to the rights of such Person under this Article XIII, and, if
such evidence is not furnished, the Trustee shall be entitled to defer any payment to such Person pending judicial determination as to the right of such Person to receive such payment. The provisions of Sections 7.1 and 7.2 of the Base Indenture
shall be applicable to all actions or omissions of actions by the Trustee pursuant to this Article XIII. 
 SECTION 13.14. Trustee to
Effectuate Subordination. Each Holder by accepting a Note authorizes and directs the Trustee on its behalf to execute such documentation and to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination
between the Holders and the holders of Designated Senior Debt as provided in this Article XIII and appoints the Trustee as attorney-in-fact for any and all such purposes. 

SECTION 13.15. Trustee Not fiduciary for Holders of Designated Senior Debt. The Trustee shall not be deemed to owe any fiduciary duty to
the holders of Designated Senior Debt and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Holders or the Company or any other Person, money or assets to which any holders of Designated Senior Debt shall be
entitled by virtue of this Article XIII or otherwise. With respect to the holders of Designated Senior Debt, the Trustee undertakes to perform or to observe only such of its covenants or obligations as are specifically set forth in this Article and

  
 20 

 
no implied covenants or obligations with respect to holders of Designated Senior Debt shall be read into this Indenture against the Trustee. 

SECTION 13.16. Reliance by Holders of Designated Senior Debt on Subordination Provisions. Each Holder, by accepting a Note, acknowledges
and agrees that the foregoing subordination provisions are, and are intended to be, an inducement and a consideration to each holder of Designated Senior Debt to acquire and continue to hold, or to continue to hold, such Designated Senior Debt, and
such holder of such Designated Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Designated Senior Debt.” 

ARTICLE 11 
 MISCELLANEOUS 

Section 11.01 of this Supplemental Indenture amends Section 10.2 of the Base Indenture for purposes of the Notes. In addition,
Sections 11.02, 11.03 and 11.04, of this Supplemental Indenture are hereby added to Article X of the Base Indenture for purposes of the Notes. 

Section 11.01 Notices 

(a) Pursuant to Section 10.2 of the Base Indenture, the Company and the Trustee hereby designate the following addresses, which shall
apply for purposes of any notice or communication in respect of the Notes or the Indenture as it relates to the Notes: 
 if to the Company:

 William Lyon Homes 
 4695
MacArthur Court, 8th Floor 
 Newport Beach, CA 92660 

Facsimile: (949) 476-2178 

Attention: Chief Financial Officer 

with a copy to: 

Latham & Watkins LLP 

650 Town Center Drive, 20th Floor 

Costa Mesa, CA 92626 
 Fascimile:
(714) 755-8290 
 Attention: Cary K. Kyden and Michael A. Treksa 

if to the Trustee: 
 U.S. Bank
National Association 
 EP-MN-WS3C 

60 Livingston Avenue 
 St. Paul,
Minnesota 55107 
 Fax: (651) 466-7430 

  
 21 

 Attention: Corporate Trust Department 

(b) Notwithstanding Section 10.2 of the Base Indenture, except as provided in this subsection below, any notice or communication to the
Company or the Trustee is duly given if in writing and (1) delivered in person, (2) mailed by first-class mail (certified or registered, return receipt requested), postage prepaid, or overnight air courier guaranteeing next day delivery or
(3) sent by facsimile or electronic transmission, to its address specified in Section 11.01(a) of this Supplemental Indenture. All notices and communications (other than those sent to Holders) shall be deemed to have been duly given,
whether personally delivered, sent by facsimile or electronic transmission, or mailed by first-class mail to the address set forth in Section 11.01(a) of this Supplemental Indenture, shall be deemed duly given, regardless of whether the
addressee receives such notice or communication; provided that any notice or communication delivered to the Trustee shall be deemed effective only upon actual receipt thereof and no notice may be given to the Trustee by means of electronic
transmission unless and until the Trustee has, by notice to the Company, designated such email address for notices or communications under the Base Indenture or this Supplemental Indenture. 

(c) In addition, and notwithstanding anything to the contrary in Section 10.2 of the Base Indenture, the following language is hereby
added to Section 10.2 of the Base Indenture for purposes of the Notes: 
 “Where this Indenture provides for notice
in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the
Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 

The Trustee agrees to accept and act upon notice, instructions or directions pursuant to this Indenture sent by unsecured
facsimile or electronic transmission; provided, however, that (1) the party providing such written notice, instructions or directions, subsequent to such transmission of written instructions, shall provide the originally executed
instructions or directions to the Trustee in a timely manner, and (2) such originally executed notice, instructions or directions shall be signed by an authorized representative of the party providing such notice, instructions or directions.
The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reasonable reliance upon and compliance with such notice, instructions or directions notwithstanding such notice, instructions
or directions conflict or are inconsistent with a subsequent notice, instructions or directions.” 
 Section 11.02 Ratification
of Indenture. The Indenture, as supplemented by this Supplemental Indenture, is in all respects ratified and confirmed, and this Supplemental Indenture shall be deemed part of the Indenture in the manner and to the extent herein and therein
provided. 

  
 22 

 Section 11.03 Trustee Not Responsible for Recitals. The recitals contained herein and
in the Notes (except the Trustee’s certificate of authentication) shall be taken as statements of the Company and not of the Trustee and the Trustee assumes no responsibility for the correctness of the same. Neither the Trustee nor any of its
agents (a) makes any representation as to the validity or adequacy of this Supplemental Indenture or the Notes or (b) shall be accountable for the Company’s use or application of the proceeds from the Units of which the Notes are a
part. 
 Section 11.04 Governing Law; Waiver of Jury Trial. 

Sections 10.10 and 10.18 of the Base Indenture shall not apply to, and shall have no force and effect with respect to, the Notes and,
with respect to the Notes shall be replaced in their entirety with the following: 
 “Section 10.10. Governing
Law. THIS SUPPLEMENTAL INDENTURE AND THE NOTES, AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS SUPPLEMENTAL INDENTURE OR THE NOTES, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK
(WITHOUT REGARDS TO THE CONFLICT OF LAWS PROVISIONS THEREOF).” 
 “Section 10.18. Waiver of Jury Trial;
Jurisdiction. (a) EACH OF THE COMPANY, THE TRUSTEE AND EACH HOLDER OF A UNIT OR SEPARATE NOTE BY ITS ACCEPTANCE THEREOF, HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT IT MAY HAVE TO TRIAL BY
JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 

(b) (i) Each of the Company and the Trustee expressly accepts and irrevocably submits to the non-exclusive jurisdiction of the
United States Federal or New York State court sitting in the Borough of Manhattan, The City of New York, New York, over any suit, action or proceeding arising out of or relating to the Indenture or the Notes. To the fullest extent it may effectively
do so under applicable law, each of the Company and the Trustee irrevocably waives and agrees not to assert, by way of motion, as a defense or otherwise, any claim that it is not subject to the jurisdiction of any such court, any objection that it
may now or hereafter have to the laying of the venue of any such suit, action or proceeding brought in any such court and any claim that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. 

(ii) Each of the Company and the Trustee agrees, to the fullest extent that it may effectively do so under applicable law, that
a judgment in any suit, action or proceeding of the nature referred to in Section 10.18(b) brought in any 

  
 23 

 
such court shall be conclusive and binding upon such party, subject to rights of appeal, and may be enforced in the courts of the United States of America or the State of New York (or any other
court the jurisdiction to which the Company is or may be subject) by a suit upon such judgment. Nothing in this Section 10.18 shall affect the right of any party hereto to serve process in any manner permitted by law, or limit any right to
bring proceedings against any other party hereto in the courts of any jurisdiction or to enforce in any lawful manner a judgment obtained in one jurisdiction in any other jurisdiction.” 

Section 11.05 Separability. In case any provision in this Supplemental Indenture or in the Notes 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 11.06 Multiple 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. One signed copy is enough to prove this Indenture. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution
and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. 
 [SIGNATURES ON
THE FOLLOWING PAGES] 

  
 24 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed by their respective officers thereunto duly authorized, on the date or dates indicated in the acknowledgments and as of the day and year first above written. 

 

			
	WILLIAM LYON HOMES
		
	By:	 	 /s/ Matthew R. Zaist

		 	Name: Matthew R. Zaist
		 	Title: President and Chief Operating Officer
	
	 U.S. BANK NATIONAL ASSOCIATION,

as trustee

		
	By:	 	 /s/ Donald T. Hurrelbrink

		 	Name: Donald T. Hurrelbrink
		 	Title: Vice President

 [Signature Page to the First Supplemental Indenture] 

 EXHIBIT A 

[FORM OF FACE OF NOTE] 
 [INCLUDE
IF A GLOBAL NOTE] 
 [THIS NOTE IS A REGISTERED GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS
REGISTERED IN THE NAME OF CEDE & CO., AS NOMINEE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (THE “DEPOSITARY”), THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY. THIS REGISTERED GLOBAL SECURITY IS
EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE
DEPOSITARY, BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH A SUCCESSOR DEPOSITARY. 

UNLESS THIS GLOBAL NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY GLOBAL NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
(AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH THE REGISTERED
OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.] 

  
 A-1 

 WILLIAM LYON HOMES 

5.50% SENIOR SUBORDINATED AMORTIZING NOTES 

DUE DECEMBER 1, 2017 
  

									
		  		  		  		  	 CUSIP: 552074 866

ISIN: US5520748667

  

					
	No.	  		  	[Initial]* Number of Notes

 WILLIAM LYON HOMES, a Delaware corporation (the “Company,” which term includes any successor
corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to [CEDE & CO., as nominee of The Depository Trust Company]*
[            ]** or registered assigns, the initial principal sum of $18.01 for each of the number of Notes set forth above[, or such other number of Notes as set forth in the
Schedule of Increases or Decreases in a Global Note attached hereto, which shall not exceed 1,000,000 Notes at any time (except that such maximum may be increased by a number of Notes equal to the aggregate number of any additional Units purchased
by the Underwriters pursuant to the exercise of their option to purchase additional Units as set forth in the Underwriting Agreement),]* in quarterly Installment Payments (each such payment, an “Installment Payment”
constituting a payment of interest at the rate per year of 5.50% and a partial repayment of principal) payable on March 1, June 1, September 1 and December of each year (each such date, an “Installment Payment Date
“ and the period from, and including, November 21, 2014 to, but excluding, March 1, 2015 and each subsequent full quarterly period from and including an Installment Payment Date to, but excluding, the immediately succeeding
Installment Payment Date, an “Installment Payment Period”), commencing on March 1, 2015, all as set forth on the reverse hereof, with the final Installment Payment due and payable on December 1, 2017. Notwithstanding the
foregoing, the amount of any Installment Payment for any Installment Payment Period shall be increased by the amount of Additional Interest, if any, payable for such Installment Payment Period as provided in the Indenture. 

The Installment Payment payable on any Installment Payment Date shall be computed on the basis of a 360-day year consisting of twelve 30-day
months. If an Installment Payment is payable for any period shorter or longer than a full Installment Payment Period, such Installment Payment shall be computed on the basis of the actual number of days elapsed per 30-day month. 

In the event that any date on which an Installment Payment is payable is not a Business Day, then the Installment Payment on such date will be
made on the next succeeding day that is a Business Day, and without any interest or other payment in 
  

	*	Include only if a Global Note. 

	**	 Include only if not a Global Note. 

  
 A-2 

 
respect of any such delay. However, if such Business Day is in the next succeeding calendar year, then such Installment Payment shall be made on the immediately preceding Business Day, in each
case with the same force and effect as if made on such Installment Payment was originally due. 
 Installment Payments shall be paid to the
person in whose name the Note is registered at the close of business 15 calendar days preceding such Installment Payment Date (each, a “Regular Record Date”). 

Installment Payments shall be payable at the Corporate Trust Office in accordance with the provisions of the Indenture; provided,
however, that payment of Installment Payments may be made at the option of the Company by check mailed to the registered Holder at such address as shall appear in the Registrar’s register or by wire transfer to an account appropriately
designated by the Holder entitled to payment. 
 This Note shall not be entitled to any benefit under the Indenture hereinafter referred to
or be valid or obligatory for any purpose until the Certificate of Authentication shall have been signed by or on behalf of the Trustee. 

All terms used in this Note which are defined in the Indenture and not otherwise defined herein shall have the meanings assigned to them in
the Indenture. 
 The provisions of this Note are continued on the reverse side hereof and such continued provisions shall for all purposes
have the same effect as though fully set forth at this place. 

  
 A-3 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

			
	WILLIAM LYON HOMES, as Issuer
		
	By:	 	  

		 	Name:
		 	Title:

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated therein described in the within-mentioned Indenture. 

U.S. BANK NATIONAL ASSOCIATION, as Trustee 
  

			
	By:	 	  

		 	Name:
		 	Title:
		
	Dated:	 	  

  
 A-4 

 [FORM OF REVERSE OF NOTE] 

WILLIAM LYON HOMES 
 5.50% SENIOR
SUBORDINATED AMORTIZING NOTES 
 DUE DECEMBER 1, 2017 

This Note is one of a duly authorized series of Securities of the Company designated as its 5.50% Senior Subordinated Amortizing Notes due
December 1, 2017 (herein sometimes referred to as the “Notes”), issued under the Indenture, dated as of November 21, 2017, between the Company and U.S. Bank National Association, as trustee (the “Trustee”)
, which terms includes any successor trustees under the Indenture (the “Base Indenture,” and, as supplemented by the First Supplemental Indenture, dated November 21, 2014, (the “Supplemental Indenture”), among
the Company and the Trustee (the Base Indenture and the Supplemental Indenture collectively, the “Indenture”), to which Indenture reference is hereby made for a description of the rights, limitations of rights, obligations, duties
and immunities thereunder of the Trustee, the Company and the Holders. The terms of other series of Securities issued under the Indenture may vary with respect to interest rates, issue dates, maturity, redemption, repayment, currency of payment and
otherwise as provided in the Indenture. The Indenture further provides that securities of a single series may be issued at various times, with different maturity dates and may bear interest at different rates. This series of Securities is limited in
aggregate principal amount as specified in said Supplemental Indenture. 
 Each installment shall constitute a payment of interest (at a
rate of 5.50% per annum) and a partial repayment of principal on the Note, allocated as set forth in the schedule below: 
  

									
	 Installment Payment Date
	  	Amount of Principal	 	  	Amount of Interest	 
	 March 1, 2015
	  	$	1.5303	  	  	$	0.2752	  
	 June 1, 2015
	  	$	1.3983	  	  	$	0.2267	  
	 September 1, 2015
	  	$	1.4176	  	  	$	0.2074	  
	 December 1, 2015
	  	$	1.4371	  	  	$	0.1879	  
	 March 1, 2016
	  	$	1.4568	  	  	$	0.1682	  
	 June 1, 2016
	  	$	1.4769	  	  	$	0.1481	  
	 September 1, 2016
	  	$	1.4972	  	  	$	0.1278	  
	 December 1, 2016
	  	$	1.5177	  	  	$	0.1073	  
	 March 1, 2017
	  	$	1.5386	  	  	$	0.0864	  
	 June 1, 2017
	  	$	1.5598	  	  	$	0.0652	  
	 September 1, 2017
	  	$	1.5812	  	  	$	0.0438	  
	 December 1, 2017
	  	$	1.6030	  	  	$	0.0220	  

  
 A-5 

 Notwithstanding the foregoing, the amount of any Installment Payment for any Installment Payment
Period shall be increased by the amount of Additional Interest, if any, payable for such Installment Payment Period as provided in the Indenture. 

The Notes are subordinated in right of payment to the Company’s Designated Senior Debt. To the extent provided in the Indenture,
Designated Senior Debt must be paid before the Notes may be paid. The Company agrees, and each Holder, by accepting a Note, agrees to the subordination provisions contained in the Indenture, authorizes the Trustee to give such provisions effect and
appoints the Trustee as attorney-in-fact for such purpose. 
 This Note will not be subject to redemption at the option of the Company. This
Note is not entitled to the benefit of any sinking fund. 
 The Indenture contains provisions for defeasance and covenant defeasance at any
time of the indebtedness on this Note upon compliance by the Company with certain conditions set forth therein, which provisions apply to this Note. 

If an Event of Default (other than an Event of Default described in Sections 6.1(g) or 6.1(h) of the Base Indenture (according to
Section 6.01 of the Supplemental Indenture) with respect to the Company) occurs and is continuing, the Trustee by written notice to the Company, specifying the Event of Default, or the holders of at least 25% in principal amount of the then
outstanding Notes by written notice to the Company and the Trustee, may, and the Trustee at the written request of such Holders shall, declare all Notes to be due and payable. Upon such a declaration of acceleration, all amounts on the Notes payable
on all of the Notes shall be due and payable immediately. This provision, however, is subject to the condition that, at any time after such a declaration of acceleration, and before any judgment or decree for the payment of the money due shall have
been obtained or entered, the Holders of a majority in aggregate principal amount of the Notes then outstanding, by written notice to the Company and to the Trustee, may waive all defaults and rescind and annul such declaration and its consequences,
if certain conditions are met as set forth in the Indenture. 
 If an Event of Default described in Sections 6.1(g) or 6.1(h) of the
Base Indenture (according to Section 6.01 of the Supplemental Indenture) occurs with respect to the Company and is continuing, all amounts payable on all the Notes shall be due and payable immediately and automatically without any declaration
or other act on the part of the Trustee or any Holders. 
 The Indenture permits, with certain exceptions as therein provided, the Company
and the Trustee, with the consent of the Holders of not less than a majority in principal amount of the Securities at the time outstanding of each series issued under the Indenture to be affected thereby, to execute supplemental indentures for
certain purposes as described therein. 

  
 A-6 

 No provision of this Note or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay installments on this Note at the time, place and rate, and in the coin or currency, herein and in the Indenture prescribed. 

The Notes are originally being issued as part of the 6.50% Units (the “Units”) issued by the Company pursuant to the Purchase
Contract Agreement, dated as of November 21, 2014, among the Company and U.S. Bank National Association, as Purchase Contract Agent, as Trustee and as attorney-in-fact for the holders of Purchase Contracts from time to time (the
“Purchase Contract Agreement”). Holders of Units have the right to separate such Units into their constituent parts, consisting of Separate Purchase Contracts and Separate Notes, during the times, and under the circumstances,
described in the Purchase Contract Agreement. Following separation of any Unit into its constituent Separate Note and Separate Purchase Contract, the Separate Notes are transferable independently from the Separate Purchase Contracts. In addition,
Separate Notes can be recombined with Separate Purchase Contracts to recreate Units, as provided for in the Purchase Contract Agreement. Reference is hereby made to the Purchase Contract Agreement for a more complete description of the terms thereof
applicable to the Units and Notes. 
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of
this Note shall be registered by the Registrar on its books and records, upon surrender of this Note for registration of transfer at the office or agency of the Company, duly endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Company and the Trustee duly executed by, the Holder hereof or by his attorney duly authorized in writing, and thereupon one or more new Notes of this series and of like tenor, of authorized denominations and for the same
aggregate principal amount, shall be issued to the designated transferee or transferees. 
 The Notes are initially issued in the form of
Global Securities without coupons in initial minimum denominations of one Note and integral multiples in excess thereof. 
 No charge shall
be made for any such registration of transfer or exchange (except as otherwise expressly permitted in the Indenture), but the Company may require the payment of a sum sufficient to cover any applicable tax or other governmental charge payable in
connection with the transfer. 
 The Company, the Trustee and any agent of the Company or the Trustee may deem and treat the Holder in whose
name any Note shall be registered upon books and records of the Registrar for the Notes as the absolute owner of such Note (whether or not such Note shall be overdue and notwithstanding any notation of ownership or other writing thereon) for the
purpose of receiving Installment Payments on such Note and for all other purposes; and neither the Company nor the Trustee nor any agent of the Company or the U.S. Trustee shall be affected by any notice to the contrary. 

This Note and the Indenture, and any claim, controversy or dispute arising under or related to the Indenture or this Note, for all purposes
shall be governed by and construed in accordance with the laws of the State of New York (without 

  
 A-7 

 
regards to the conflict of laws provisions thereof). Each of the Company and the Trustee, and each Holder of a Security by its acceptance thereof, hereby irrevocably waives, to the fullest extent
permitted by applicable law, any and all right it may have to trial by jury in any legal proceeding directly or indirectly arising out of or relating to this Indenture, the Notes or the transactions contemplated hereby or thereby. 

All terms used in this Note which are defined in the Indenture and not otherwise defined herein shall have the meanings assigned to them in
the Indenture. 
 No recourse under or upon any obligation, covenant or agreement contained in the Indenture, or this Note, or because of
any indebtedness evidenced thereby, shall be had against any past, present or future stockholder, officer, director or employee, as such, of the Company or of any successor, either directly or through the Company or any successor, under any rule of
law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released by the acceptance of this Note by the Holders hereof and as
part of the consideration for the issue of this Note. 
 The Company and each Holder agrees, for United States federal income tax purposes,
to treat the Notes as indebtedness. 
 In the case of any conflict between this Note and the Supplemental Indenture, the provisions of the
Supplemental Indenture shall control. 

  
 A-8 

 ASSIGNMENT 

FOR VALUE RECEIVED, the undersigned assigns and transfers this Note to: 

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

(Insert address and zip code of assignee) 
 and irrevocably
appoints 
 agent to transfer this Note on the books of the Company. The agent may substitute another to act for him or her. 

 

			
	Date:	 	  

		 	Signature:
		 	Signature Guarantee:

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

  
 A-9 

 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 Securities Exchange Act of 1934, as amended. 
  

			
	By:	 	  

		 	Name
		 	Title:
		
	Attest:	 	
		
	By:	 	  

		 	Name
		 	Title:

  

  
 A-10 

 [TO BE ATTACHED TO GLOBAL NOTES] 

SCHEDULE OF INCREASES OR DECREASES IN A GLOBAL NOTE 

The initial number of Notes evidenced by this Global Note is            . The
following increases or decreases in this Global Note have been made: 
  

									
	 Date
	  	 Amount of

decrease in
 number of
Notes
 evidenced by this

Global Note
	  	 Amount of

increase in
 number of
Notes
 evidenced by this

Global Note
	  	 Number of Notes

evidenced by this
 Global
Note
 following such

decrease (or

increase)
	  	 Signature of

authorized
 signatory of
the
 Registrar

		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  
 A-11

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