Document:

Exhibit 4.3

 

This FOURTH SUPPLEMENTAL
INDENTURE (this “Fourth Supplemental Indenture”), dated as of February 2, 2021, between The Howard Hughes Corporation,
a Delaware corporation (the “Company”), HHC Warehouse Holding Company, LLC, a Delaware limited liability company
(“Warehouse Holding”), HH Warehouse Land Holdings, LLC, a Delaware limited liability company (“Warehouse
Land”), HH Woodlands Tower Holdings, LLC, a Delaware limited liability company (“Woodlands Tower”)
and API/HHC Lake Robbins Holding Company, LLC, a Delaware limited liability company (“Lake Robbins,” and each
of Warehouse Holding, Warehouse Land, Woodlands Tower and Lake Robbins, a “Guarantor” and, collectively, the
 “Guarantors”), as guarantors, and Wells Fargo Bank, National Association, as trustee under the Indenture referred
to below (the “Trustee”). Capitalized terms used herein and not otherwise defined shall have the meaning ascribed
to them in the Indenture.

 

W I T N E S S E T H:

 

WHEREAS, the Company
and the Guarantors have heretofore executed and delivered to the Trustee an indenture, dated as of March 16, 2017, as supplemented
by a first supplemental indenture thereto, dated as of June 15, 2017, further supplemented by a second supplemental indenture thereto,
dated as of August 18, 2020, and further supplemented by a third supplemental indenture thereto, dated as of October 2, 2020 (together,
the “Indenture”), which provides for the issuance of $1,000,000,000 in the aggregate principal amount of 5.375%
Senior Notes due 2025 (the “Notes”);

 

WHEREAS, the Company
has offered to purchase for cash any and all outstanding Notes (the “Tender Offer”) pursuant to an Offer to
Purchase and Consent Solicitation Statement dated January 19, 2021;

 

WHEREAS, pursuant to
the Tender Offer, the Company also has requested that Holders of the Notes deliver their consents (the “Consents”)
with respect to certain amendments to the Indenture;

 

WHEREAS, Section 9.02
of the Indenture provides that the Company and the Trustee may amend or supplement the Indenture and the Notes with the consent
of the Holders of a majority in aggregate principal amount of the Notes then outstanding (other than Notes owned by the Company
or by any Affiliate of the Company) (the “Outstanding Notes”) voting as a single class (including consents obtained
in connection with a purchase of or tender offer or exchange offer for Notes);

 

WHEREAS, the Holders
of a majority of the aggregate principal amount of Outstanding Notes have duly consented to the proposed amendments set forth in
this Fourth Supplemental Indenture in accordance with Section 9.02 of the Indenture;

 

WHEREAS, the Company
has heretofore delivered or is delivering contemporaneously herewith to the Trustee (i) a copy of resolutions of the Board of Directors
of the Company authorizing the execution of this Fourth Supplemental Indenture, (ii) evidence of the consent of the Holders set
forth in the immediately preceding paragraph and (iii) the Officer’s Certificate and the Opinion of Counsel described in
Section 12.03 of the Indenture; and

 

     

     

    

 

WHEREAS, all conditions
necessary to authorize the execution and delivery of this Fourth Supplemental Indenture and to make this Fourth Supplemental Indenture
valid and binding have been complied with or have been done or performed.

 

NOW, THEREFORE, in consideration
of the foregoing and notwithstanding any provision of the Indenture which, absent this Fourth Supplemental Indenture, might operate
to limit such action, the parties hereto, intending to be legally bound hereby, agree as follows.

 

ARTICLE
I

AMENDMENTS

 

Section 1.01       
Amendments. Subject to Section 2.01 hereof, the Indenture
is hereby amended by:

 

(a)              
deleting the following provisions and all references thereto (including in the Table of Contents) in their entirety:

 

		·	Section 4.03. Reports
		·	Section 4.06 Payment of Taxes
		·	Section 4.08 Restricted Payments
		·	Section 4.09 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries
		·	Section 4.10 Incurrence of Indebtedness and Issuance of Preferred Stock
		·	Section 4.11 Asset Sales
		·	Section 4.12 Transactions with Affiliates
		·	Section 4.13 Liens
		·	Section 4.14 Permitted Business Activities
		·	Section 4.16 Future Guarantors
		·	Section 4.17 Designation of Restricted and Unrestricted Subsidiaries
		·	Clause (4) of Section 5.01(a)
		·	Clauses (5) and (6) of Section 6.01(a)

 

(b)              
replacing the references in Section 3.02(a) and Section 3.03(a) to “30 days” with “two Business Days”;
and

 

    -2-

     

    

 

(c)              
 replacing the references in Section 3.01 and Section 3.03(c) to “10 Business Days” with “two Business
Days”.

 

Effective as of the date
hereof, none of the Company, the Trustee or other parties to or beneficiaries of the Indenture shall have any rights, obligations
or liabilities under such Sections or clauses and such deleted Sections or clauses shall not be considered in determining whether
a Default or Event of Default has occurred or whether the Company has observed, performed or complied with the provisions of the
Indenture.

 

Section 1.02       
Amendment of Definitions. Subject to Section 2.01
hereof, the Indenture is hereby amended by deleting any definitions from the Indenture with respect to which references would be
eliminated as a result of the amendments of the Indenture pursuant to Section 1.01 hereof.

 

ARTICLE
II

MISCELLANEOUS

 

Section 2.01      
Effect of the Fourth Supplemental Indenture. Except
as amended hereby, all of the terms of the Indenture shall remain and continue in full force and effect and are hereby confirmed
in all respects. From and after the date of this Fourth Supplemental Indenture, all references to the Indenture (whether in the
Indenture or in any other agreements, documents or instruments) shall be deemed to be references to the Indenture as amended and
supplemented by this Fourth Supplemental Indenture. This Fourth Supplemental Indenture shall become operative at such time as,
and only if, the Company accepts for payment, pursuant to the Tender Offer, Consents of the Holders of a majority in aggregate
principal amount of the Outstanding Notes.

 

Section 2.02      
Trustee’s Acceptance. The Trustee hereby accepts
this Fourth Supplemental Indenture and agrees to perform the same under the terms and conditions set forth in the Indenture.

 

Section 2.03      
GOVERNING LAW. THIS FOURTH SUPPLEMENTAL INDENTURE
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

Section 2.04    
Counterparts. The parties may sign any number of
copies of this Fourth Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same
agreement. The exchange of copies of this Fourth Supplemental Indenture and of signature pages by facsimile or .pdf transmission
shall constitute effective execution and delivery of this Fourth Supplemental 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.

 

Section 2.05       
Effect of Headings. The Section headings herein are
for convenience only and shall not affect the construction hereof.

 

    -3-

     

    

 

Section 2.06      
The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency
of this Fourth Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely
by the Company. The Trustee does not have any liability or responsibility for any amendment set forth herein, the effect thereof
or for evaluating such amendment or effect and any indemnity or protection afforded the Trustee under the indenture shall apply
to this Fourth Supplemental Indenture.

 

[signature pages follow]

 

    -4-

     

    

 

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

 

	 	THE HOWARD HUGHES CORPORATION
	 	 	 
		By:	/s/ Peter F. Riley
	 	 	Name: Peter F. Riley
	 	 	Title: Senior Executive Vice President, Secretary and General Counsel

 

	 	WELLS FARGO BANK,
               NATIONAL ASSOCIATION, as Trustee
	 	 	 
		By:	/s/ Maddy Hughes
	 	 	Name: Maddy Hughes
	 	 	Title: Vice President

 

	 	HH WOODLANDS TOWER
               HOLDINGS, LLC
	 	 	 
		By:  	/s/ Peter F. Riley
	 	 	Name: Peter
                              F. Riley
	 	 	Title: Secretary

 

	 	API/HHC LAKE ROBBINS
               HOLDING COMPANY, LLC
	 	 	 
		By:  	/s/ Peter F. Riley
	 	 	Name: Peter
                              F. Riley
	 	 	Title: Secretary

 

     

     

    

 

	 	HHC WAREHOUSE HOLDING
               COMPANY, LLC
	 	 	 
		By:  	/s/ Peter F. Riley
	 	 	Name: Peter
                              F. Riley
	 	 	Title: Secretary

 

	 	HH WAREHOUSE LAND
               HOLDINGS, LLC
	 	 	 
		By:  	/s/ Peter F. Riley
		 	Name: Peter
                        F. Riley
	 	 	Title: Secretarytrtc_ex101.htm

EXHIBIT 10.1
  
 AMENDED AND RESTATED INDEPENDENT DIRECTOR AGREEMENT
  
 THIS AMENDED AND RESTATED INDEPENDENT DIRECTOR AGREEMENT (this “Agreement”) is made effective as of February 1, 2021 by and between Terra Tech Corp. (the “Company”), and Nicholas Kovacevich (“Director”).
  
 WHEREAS, the Company seeks to attract and retain as directors, capable and qualified persons to serve on the Company’s board of directors (the “Board”); and
  
 WHEREAS, the Company has requested and received from Director certain information regarding Director’s qualifications and fitness to serve on the Board and has considered and relied upon the accuracy of such information in offering Director the opportunity to serve on the Board; and
  
 WHEREAS, the Company believes that Director possesses the necessary qualifications and abilities to serve as a Director of the Company and to perform the functions and meet the Company’s needs related to its Board.
  
 NOW, THEREFORE, the parties agree as follows:
  
 1. Service to the Board. Director will serve for a period of one year (the “term’) as a director of the Company in accordance with the bylaws of the Company and perform all duties as a director of the Company, including without limitation (1) attending meetings of the Board, (2) serving on such committees of the Board (each a “Committee”) to which Director has been appointed, (3) attending meetings of each Committee of which Director is a member, (4) performing Director’s duties on behalf of the Company in good faith and in a manner that is not opposed to the best interests of the Company and (5) devoting adequate time on a monthly basis to assist the Company executive management with strategic planning, management control systems, financial reporting and budgeting and other areas of organizational development and operating performance improvement.
  
 2. Term. The term of this Agreement shall commence as of the date of Director’s appointment by the Board of Directors of the Company and shall continue until the Director’s removal or resignation.
  
 3. Compensation and Expenses.
  
 (a) Director Compensation. In recognition of the services provided by and to be provided by Director, the Company agrees to issue to Director an aggregate of 500,000 restricted shares of the Company’s common stock, vesting 1/12 on the first day of each month beginning on March 1, 2021; provided the Director is a director of the Company on the applicable vesting date, and to pay Director cash compensation of $5,000 per month, payable at the first of each month beginning March 1, 2021 (such cash payment and stock issuance, the “Compensation”). The Board reserves the right to change the Compensation from time to time, to take into consideration the responsibilities associated with different committees in setting Compensation levels and to grant additional restricted shares periodically, which may vary from the terms described in this section. 
  
 (b) Expenses. The Company will reimburse Director for all reasonable, out-of-pocket expenses, including airfare for board meetings, approved by the Company in advance, incurred in connection with the performance of Director’s duties under this Agreement (“Expenses”), upon submission of receipts and a written request for payment. Such statement shall be accompanied by sufficient documentary matter to support the expenditures. The Company may withhold from any payment any amount of withholding required by law.
  
 	 
	1
	

	 

  
 (c) Future Compensation and Benefits. The Board, with the compensation committee, reserves the right to determine the compensation for services provided under this Agreement. The Board may from time to time authorize additional compensation and benefits for Director, including stock options and restricted stock.
  
 The Company has provided the Director with a summary of provisions of its corporate by-laws and governing documents dealing with indemnification of directors. 
  
 4. Indemnification. As additional consideration for Director’s agreement to perform the duties outlined herein, Director shall be indemnified and held harmless by the Company for any and all claims, costs or expenses including legal fees and advancement of expenses, except in the case of willful, reckless or grossly negligent misconduct, for any activity in any suit brought against him or the Company for actions undertaken by Director on behalf of the Company to the maximum extent provided by law, regardless of whether such indemnification is specifically authorized by statute, the Company’s Articles of Incorporation or Bylaws or any other agreement.
  
 5. Confidentiality. The Company and Director each acknowledge that, in order for the intents and purposes of this Agreement to be accomplished, Director shall necessarily be obtaining access to certain confidential information concerning the Company and its affairs, including, but not limited to business methods, information systems, financial data and strategic plans which are unique assets of the Company (“Confidential Information”). Director covenants not to, either directly or indirectly, in any manner, utilize or disclose to any person, firm, corporation, association or other entity any Confidential Information.
  
 6. Termination. With or without cause, the Company and Director may each terminate this Agreement at any time upon ninety (90) days written notice, and the Company shall be obligated to pay to Director the compensation and expenses due up to the date of the termination. Nothing contained herein or omitted here from shall prevent the shareholder(s) of the Company from removing Director with immediate effect at any time for any reason.
  
 7. Amendments and Waiver. No supplement, modification or amendment of this Agreement will be binding unless executed in writing by both parties. No waiver of any provision of this Agreement on a particular occasion will be deemed or will constitute a waiver of that provision on a subsequent occasion or a waiver of any other provision of this Agreement.
  
 8. Binding Effect. This Agreement will be binding upon and inure to the benefit of and be enforceable by the parties and their respective successors and assigns.
  
 9. Severability. The provisions of this Agreement are severable, and any provision of this Agreement that is held by a court of competent jurisdiction to be invalid, void, or otherwise unenforceable in any respect will not affect the validity or enforceability of any other provision of this Agreement.
  
 10. Governing Law. This Agreement will be governed by and construed and enforced in accordance with the laws of the State of Nevada applicable to contracts made and to be performed in that state without giving effect to the principles of conflicts of laws.
  
 	 
	2
	

	 

  
 11. Notice. Any and all notices referred to herein shall be sufficient if furnished in writing at the addresses specified on the signature page hereto or, if to the Company, to the Company’s address as specified in filings made by the Company with the U.S. Securities and Exchange Commission.
  
 12. Assignment. The rights and benefits of the Company under this Agreement shall be transferable, and all the covenants and agreements hereunder shall inure to the benefit of, and be enforceable by or against, its successors and assigns. The duties and obligations of Director under this Agreement are personal and therefore Director may not assign any right or duty under this Agreement without the prior written consent of the Company.
  
 13. Entire Agreement. Except as provided elsewhere herein, this Agreement sets forth the entire agreement of the parties with respect to its subject matter and supersedes all prior agreements, promises, covenants, arrangements, communications, representations or warranties, whether oral or written, by any officer, employee or representative of any party to this Agreement with respect to such subject matter. 
  
 14. Counterparts. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one instrument. Facsimile execution and delivery of this Agreement is legal, valid and binding for all purposes.
  
 [Signature Page Follows]
  
 	 
	3
	

	 

  
 IN WITNESS WHEREOF, the parties hereto have caused this Independent Director Agreement to be duly executed and signed as of the day and year first above written.
  
  
 	 	 TERRA TECH CORP.
	
	 	 	 	 
		By:	 /s/ Francis Knuettel II
	
	  
	 Name: 
	 Francis Knuettel II
	 
	 	Title: 	 CEO/President
	 
	 	 	 	 
	  
	  
	  
	  

	  
	 DIRECTOR
	  

	  
	  
	  
	  

	  
	  
	 /s/ Nicholas Kovacevich 
	  

	  
	 Name: 
	 Nicholas Kovacevich
	  

	  
	  
	  
	  

	  
	 Address: 
	  

  
 	 
	4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00320-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00320-of-00352.parquet"}]]