Document:

Registration Rights Agreement

 Exhibit 4.4 
 (Execution Copy) 
 REGISTRATION RIGHTS AGREEMENT 

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of July 29, 2011, by and
between RealPage, Inc., a Delaware corporation (the “Company”) and each of the other parties signatory hereto (the “Shareholders”). 
 RECITALS 
 WHEREAS, pursuant to that certain Agreement and Plan of
Merger dated as of July 29, 2011, by and among the Company, RP Newco III Inc., a Delaware corporation, a wholly owned subsidiary of Company, Senior-Living.com, Inc., a Delaware corporation, and Todd Walrath, in his capacity as
representative (the “Merger Agreement”), pursuant to which the Company may issue, and the Shareholders may receive, Registrable Securities pursuant to Section 2.14 of the Merger Agreement; 

WHEREAS, the execution and delivery of this Agreement by the Shareholders and Company are inducements and conditions precedent to
the consummation of the transactions contemplated in the Merger Agreement; 
 NOW, THEREFORE, in consideration of the
mutual promises and agreements set forth herein and in the Merger Agreement, and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

1. Certain Definitions. Unless otherwise set forth in this Agreement, all capitalized terms shall have the meaning set forth in
the Merger Agreement. As used in this Agreement, the following terms shall have the following respective meanings: 

“Advice” has the meaning set forth in Section 2(d). 

“Company” shall have the meaning set forth in the preamble and shall include the Company’s successors by merger,
acquisition, reorganization or otherwise. 
 “Company Indemnified Person” has the meaning set forth in
Section 4(b). 
 “Company Violation” has the meaning set forth in Section 4(a).

 “Commission” shall mean the United States Securities and Exchange Commission, or any other federal agency
administering the Securities Act and the Exchange Act at the time. 
 “Common Stock” shall mean the common
stock, par value $0.001 per share, of the Company, and any other common equity securities issued by the Company, and any other shares of stock issued or issuable with respect thereto (whether by way of a stock dividend or stock split or in exchange
for or upon conversion of such shares or otherwise in connection with a combination of shares, recapitalization, merger, consolidation or other corporate reorganization). 

 (Execution Copy) 
  

 “Exchange Act” shall mean the Securities Exchange Act of 1934, as
amended from time to time, or any similar successor federal statute, and the rules and regulations of the Commission thereunder. 
 “Expiration Date” has the meaning set forth in Section 2(d). 
 “FINRA” has the meaning set forth in Section 3(f). 

“Holder” shall mean any Shareholder who holds Registrable Securities. 

“Holder Indemnified Person” has the meaning set forth in Section 4(a). 

“Holder Violation” has the meaning set forth in Section 4(b). 

“Indemnified Person” has the meaning set forth in Section 4(c). 

“Indemnifying Person” has the meaning set forth in Section 4(c). 

“Liability” has the meaning set forth in Section 4(a). 

“NASDAQ” has the meaning set forth in Section 3(i). 

“Person” shall mean an individual, a corporation, a partnership, a joint venture, a trust, an unincorporated
organization, a limited liability company or partnership, a government and any agency or political subdivision thereof. 

“Registrable Securities” shall mean (i) any shares of Common Stock issued to the Shareholders in payment of any
portion of the Merger Consideration to which the Shareholders are entitled under the terms of the Merger Agreement (including any Shares issued pursuant to Section 2.14 of the Merger Agreement), and (ii) any other securities issued
or issuable with respect to any such shares described in clause (i) above by way of a stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation or other reorganization; provided,
however, that Registrable Securities shall not include any shares of Common Stock described in clause (i) or (ii) above which have previously been registered or sold to the public pursuant to a Registration Statement, which have
been sold or could be sold during any ninety (90) day period without volume limitations under Rule 144 or which have been sold in a private transaction in which the transferor’s rights under this Agreement are not validly assigned in
accordance with this Agreement. 
 “Register,” “registered” and
“registration” shall refer to a registration effected by preparing and filing a registration statement in compliance with the Securities Act and applicable rules and regulations thereunder, and the declaration or ordering of the
effectiveness of such Registration Statement. 
 “Registration Expenses” has the meaning set forth in
Section 5. 

  
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 “Registration Statement” shall refer to a Registration Statement in
compliance with the Securities Act and applicable rules and regulations thereunder, used to register any Registrable Securities pursuant to this Agreement. 
 “Rule 144” shall mean Rule 144 as promulgated by the Commission under the Securities Act, as may be amended from time to time, or any similar successor rule that may be promulgated by the
Commission. 
 “Securities Act” shall mean the Securities Act of 1933, as amended from time to time, or any
similar successor federal statute, and the rules and regulations of the Commission thereunder. 
 “Selling
Expenses” shall mean any underwriting discounts, selling commissions and stock transfer taxes applicable to the sale of Registrable Securities and the fees and disbursements of counsel or any other professional advisors for any Holders
incurred in connection with a registration. 
 “Senior Holders” shall mean the holders of the registration
rights set forth in the Senior Registration Rights Agreement. 
 “Senior Registration Rights Agreement” shall
mean that certain Second Amended and Restated Registration Rights Agreement dated February 22, 2008, between the Company and certain of its security holders, as may be amended from time to time. 

“Suspension Notice” has the meaning set forth in Section 2(d). 

2. Registration Rights. 
 (a) Piggyback Registration. If at any time within prior to December 31, 2014, the Company proposes to register any of its securities under the Securities Act for sale to the public on its own
account or the account of any of its security holders (other than a registration relating solely to employee benefit plans, a registration relating to the offer and sale of debt securities, a registration relating to a corporate reorganization or
other Rule 145 transaction, or a registration on any registration form that does not permit secondary sales), then the Company shall give written notice of such proposed registration to the Holders. Within ten (10) days after the Company’s
notice is deemed given pursuant to Section 9(b), any Holder who desires to include Registrable Securities in such proposed registration shall deliver to the Company a written request specifying the number of Registrable Securities that
such Holder desires to include in the proposed registration. Upon receipt of such written request, the Company shall, subject to Section 2(b), Section 2(c) and Section 2(d), use its commercially reasonable efforts
to include in such proposed registration (and any related qualification under “blue sky” laws) all Registrable Securities of the Holder requested to be registered. If any Holder decides not to include all of its Registrable
Securities in a registration by the Company pursuant to this Section 2(a), the registration rights of such Holder under this Section 2(a) shall continue to apply to subsequent registrations with respect to Registrable
Securities retained by such Holder, all upon the terms and conditions set forth in this Agreement. The Company shall have the right to terminate or withdraw any registration initiated by it under this

  
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Section 2(a) prior to the effectiveness of such registration whether or not any Holder has elected to include securities in such registration. Any proceeds attributable to
Indemnification Holdback Shares shall remain subject to the terms and conditions of the Escrow Agreement. 
 (b)
Participation in Underwritten Registrations. No Holder may participate in any underwritten registration hereunder unless such Holder (a) enters into an underwriting agreement in customary form with the representative of the underwriter
or underwriters selected by the Company or other Persons entitled to select such underwriters and agrees to sell its Registrable Securities on the basis of the terms in such underwriting agreement, and (b) completes and executes all
questionnaires, lock-up agreements, powers of attorney, indemnities, custody agreements and other documents required under the terms of such underwriting agreement. If a Holder who has requested inclusion in an underwritten offering does not agree
to the terms of any such underwriting, such Holder and such Holder’s securities shall be excluded therefrom and from the Registration Statement by written notice from the Company or the underwriter. 

(c) Senior Registration Rights. Notwithstanding anything contained herein, the registration rights of the Holders set forth in
this Agreement shall be subordinate to the registration rights of the Senior Holders under the Senior Registration Rights Agreement and, in the event of any reduction in the number of shares to be registered in a proposed registration, the number of
shares of Registrable Securities to be included in the proposed registration shall be reduced prior to any reduction in the number of shares to be registered on the account of the Senior Holders in such registration to the extent required by, and in
accordance with, the Senior Registration Rights Agreement. 
 (d) Postponement of Effectiveness. Upon receipt of any
notice (a “Suspension Notice”) from the Company of the happening of any event which makes any statement made or incorporated in a Registration Statement or a related prospectus untrue or which requires the making of any changes in
such Registration Statement or prospectus (or the information incorporated therein) so that they will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the
statements therein in the light of the circumstances under which they were made not misleading, each Holder of Registrable Securities registered under such Registration Statement shall forthwith discontinue disposition of Registrable Securities
pursuant to such Registration Statement until such Holder’s receipt of the copies of the supplemented or amended prospectus or until it is advised in writing (the “Advice”) by the Company that the use of the prospectus may be
resumed, and has received copies of any additional or supplemental filings which are incorporated by reference in the prospectus. In the event that the Company shall give any Suspension Notice, the Company shall use commercially reasonable efforts
to render the Advice and end the suspension period as promptly as reasonably practicable. The Company shall prepare and file with the Commission such amendments and supplements to the Registration Statement and the prospectus used in connection
therewith as may be necessary to keep the Registration Statement continuously effective and in compliance with applicable laws until such time as all Registrable Securities have been sold pursuant to the Registration Statement; provided,
however, the Company shall not be required to keep such 

  
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Registration Statement effective for more than 120 days (or such shorter period which will terminate when all Registrable Securities covered by such Registration Statement have been sold, but not
prior to the expiration of the applicable period referred to in Section 4(3) of the Securities Act and Rule 174 thereunder, if applicable) (the first to occur, the “Expiration Date”). 

The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish to the Company
such information as is required to be included with respect to such seller in a Registration Statement including information regarding themselves, the Registrable Securities held by them and the intended method of disposition of such securities.
Such information may be requested pursuant to an investor questionnaire prepared for such purpose. 
 Each Holder agrees that,
upon receipt of any notice from the Company of a Suspension Notice as set forth in this Section 2(d), such Holder will forthwith discontinue disposition of such Registrable Securities covered by such Registration Statement or prospectus
until such Holder’s receipt of the copies of the supplemented or amended prospectus contemplated by this Section 2(d) hereof, or until it receives Advice that the use of the prospectus may be resumed and such Holder has received
copies of any additional or supplemental filings that are incorporated or deemed to be incorporated by reference in such prospectus. Further, each Holder acknowledges and agrees that its receipt of a Suspension Notice may constitute material,
non-public information under federal and/or applicable state securities laws. 
 3. Registration Procedures. With respect
to any registration which includes Registrable Securities held by a Holder, the Company shall: 
 (a) prepare and file with the
Commission a Registration Statement on the appropriate form under the Securities Act with respect to such securities, which form shall comply in all material respects with the requirements of the applicable form and include all financial statements
required by the Commission to be filed therewith, and use its commercially reasonable efforts to cause such Registration Statement to become and remain effective until completion of the proposed offering; 

(b) prepare and file with the Commission such amendments and supplements to such Registration Statement and the prospectus used in
connection therewith as may be necessary to keep such Registration Statement effective until the Expiration Date and to comply with the provisions of the Securities Act with respect to the sale or other disposition of all securities covered by such
Registration Statement, but only to the extent provided in this Agreement; 
 (c) file and use its commercially reasonable
efforts to register or qualify the securities covered by such Registration Statement under such other securities or state securities or “blue sky” laws of such jurisdictions as each selling Holder shall reasonably request, and do any and
all other acts and things that may be necessary under such state securities or “blue sky” laws to enable such selling Holder to consummate the public sale or other disposition in such jurisdictions of the securities owned by such selling
Holder, except that the Company shall not for any such purpose be required to qualify to do business as a foreign corporation or consent to service of process in any jurisdiction wherein it is not so qualified or has not so consented; 

  
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 (d) make generally available to the Holders an earnings statement satisfying the
provisions of Section 11(a) of the Securities Act no later than seventy-five (75) days after the end of the twelve (12)-month period beginning with the first (1st) day of the Company’s first fiscal quarter commencing after the
effective date of a Registration Statement, which earnings statement shall cover said twelve (12)-month period, and which requirement will be deemed to be satisfied if the Company satisfies the requirements of Rule 158 under the Securities Act;

 (e) if the Registrable Securities are of a class of securities that is listed on a national securities exchange, file copies
of any prospectus with the Commission in compliance with Rule 153 under the Securities Act so that the Holders benefit from the prospectus delivery procedures described therein; 

(f) cooperate with each Holder and each underwriter, if any, participating in the disposition of Registrable Securities and their
respective counsel in connection with any filings required to be made with the Financial Industry Regulatory Authority, Inc. (“FINRA”), including, if appropriate, the pre-filing of a prospectus as part of a shelf Registration
Statement in advance of an underwritten offering; 
 (g) during the period when the prospectus is required to be delivered under
the Securities Act, promptly file all documents required to be filed with the Commission, including pursuant to Sections 13(a), 13(c), 14, or 15(d) of the Exchange Act; 
 (h) provide a transfer agent and registrar for all Registrable Securities registered pursuant hereunder and a CUSIP number for all such Registrable Securities, in each case no later than the effective
date of such registration; 
 (i) cause all Registrable Securities registered pursuant to the Registration Statement to be
listed on the NASDAQ Stock Market (“NASDAQ”) or other exchange on which securities of the same class issued by the Company are then listed prior to or concurrent with the effectiveness of the Registration Statement; 

(j) provide copies to and permit one legal counsel designated by the selling Holders to review the Registration Statement and all
amendments and supplements thereto no fewer than three (3) days prior to their filing with the Commission; provided, however, that notwithstanding the foregoing, if the Company intends to file any prospectus, prospectus supplement
or prospectus sticker which does not make any material changes in the documents already filed (including, without limitation, any prospectus under Rule 430A or 424(b)), then the counsel for the selling Holders will be afforded such opportunity to
review such documents prior to filing consistent with the time constraints involved in filing such document, but in any event no less than one (1) day; 

  
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 (k) upon request of a selling Holder or the legal counsel designated by the selling
Holders, furnish (i) one (1) copy of any Registration Statement and any amendment thereto, each preliminary prospectus and prospectus and each amendment or supplement thereto, and each letter written by or on behalf of the Company to the
Commission or the staff of the Commission, and each item of correspondence from the Commission or the staff of the Commission, in each case relating to such Registration Statement (other than any portion of any thereof which contains information for
which the Company has sought confidential treatment) by electronic transmission, and (ii) such number of copies of a prospectus, including a preliminary prospectus, and all amendments and supplements thereto and such other documents as selling
Holder may reasonably request in order to facilitate the disposition of the Registrable Securities owned by such selling Holder that are covered by the related Registration Statement; 

(l) use commercially reasonable efforts to (i) prevent the issuance of any stop order or other suspension of effectiveness and,
(ii) if such order is issued, obtain the withdrawal of any such order as soon as reasonably practicable; 
 (m) promptly
notify the Holders at any time when a prospectus relating to Registrable Securities is required to be delivered under the Securities Act, upon the Company’s becoming aware that the prospectus included in a Registration Statement, as then in
effect, includes an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing, and at the request of
any such Holder, use commercially reasonable efforts to promptly prepare and furnish to such Holder a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the
purchasers of such Registrable Securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in light of
the circumstances then existing; and 
 (n) otherwise use commercially reasonable efforts to comply with all applicable rules
and regulations of the Commission under the Securities Act and the Exchange Act. 
 4. Indemnification. 

(a) Indemnification by the Company. To the extent permitted by law, the Company will indemnify and hold harmless each Holder, the
members, owners, partners, officers, directors, employees, agents, successors and assigns of each Holder, and each Person controlling such Holder within the meaning of Section 15 of the Securities Act (each a “Holder Indemnified
Person”), against any losses, claims, damages, or liabilities (individually and collectively, the “Liability”) (joint or several) to which such Holder Indemnified Person may become subject under the Securities Act or
otherwise, insofar as such Liability (or actions or proceedings in respect thereof) arises out of or is based upon any of the following statements, omissions or violations by the Company (collectively a “Company Violation”):
(i) any untrue statement or alleged untrue statement of a material fact contained in any Registration Statement under which such Registrable Securities were registered under the Securities Act pursuant to this Agreement, including any final
prospectus 

  
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contained therein or any amendments or supplements thereto, (ii) the omission or alleged omission to state therein a material fact required to be stated therein, or necessary to make the
statements therein not misleading, or (iii) any violation or alleged violation of the Securities Act, or any applicable federal or state securities law or any rule or regulation promulgated under the Securities Act, or any applicable federal or
state securities law in connection with the offering covered by such Registration Statement; provided however, that the Company shall not be required to indemnify any Holder Indemnified Person against any Liability to the extent that
such Liability (or actions or proceedings in respect thereof) arises out of or is based upon a Violation which occurs in reliance upon and in conformity with written information furnished by such Holder Indemnified Person expressly for use in
connection with a Registration Statement, including any final prospectus contained therein or any amendments or supplements thereto; provided further, that the Company shall not be required to indemnify any Holder Indemnified Person
against Liability to the extent that such Liability (or actions or proceedings in respect thereof) arises out of or is based upon an untrue statement or omission made in any preliminary prospectus if (i) such Holder Indemnified Person failed to
send or deliver a copy of the final prospectus with or prior to the delivery of written confirmation of the sale by such Holder to the Person asserting the claim from which such Liabilities arise, and (ii) the final prospectus would have
corrected such untrue statement or such omission; provided further, that the Company shall not be required to indemnify any Holder Indemnified Person against Liability to the extent that such Liability (or actions or proceedings in
respect thereof) arises out of or is based upon an untrue statement or omission in any prospectus if (x) such untrue statement or omission is corrected in an amendment or supplement to such prospectus, and (y) having previously been
furnished by or on behalf of the Company with copies of such prospectus as so amended or supplemented, such Holder Indemnified Person thereafter fails to deliver such prospectus as so amended or supplemented prior to or concurrently with the sale of
a Registrable Security to the Person asserting the claim from which such Liabilities arise; and provided further, that the indemnity agreement contained in this Section 4(a) shall not apply to amounts paid in settlement if
such settlement is effected without the consent of the Company (which such consent shall not be unreasonably withheld). The Company’s indemnification obligations shall survive any transfer by such Holder of its Registrable Securities.

 (b) Indemnification by Holders. To the extent permitted by law, each Holder agrees to indemnify and hold harmless the
Company, each of the officers, directors, employees, agents, successors and assigns of the Company, any other stockholder selling shares of Common Stock in such registration, and each Person controlling the Company or such other stockholder within
the meaning of Section 15 of the Securities Act the Company (each a “Company Indemnified Person”), from and against any Liability (joint or several) to which any such Company Indemnified Person may become subject under the
Securities Act or otherwise, insofar as such Liability (or actions or proceedings in respect thereof) arises out of or is based upon any of the following statements, omissions or violations by the Holder (collectively a “Holder
Violation”): (i) any untrue statement or alleged untrue statement of a material fact contained in any Registration Statement under which such Registrable Securities were registered under the Securities Act pursuant to this Agreement,
including any final prospectus contained therein or any amendments or supplements thereto, or (ii) the omission or alleged omission to state therein a material fact required to be stated 

  
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therein, or necessary to make the statements therein not misleading, in each case to the extent that such untrue statement or alleged untrue statement or omission or alleged omission occurs in
reliance upon and conformity with written information furnished by such Holder, any of such Holder’s officers, directors, partners, legal counsel or accountants or any Person controlling such Holder expressly for use in connection with a
Registration Statement, including any final prospectus contained therein or any amendments or supplements thereto; provided however, that the indemnity agreement contained in this Section 4(b) shall not apply to amounts
paid in settlement if such settlement is effected without the consent of the Holder (which such consent shall not be unreasonably withheld). The amount recoverable by the Company from any Holder under this indemnification provision together with any
amounts recovered from such Holder under this Section 4(b) shall not exceed the amount of net proceeds received by such Holder from the sale of Registrable Securities in connection with any such registration, except in the case of
willful fraud, or intentional misstatement or omission by such Holder. Each Holder’s indemnification obligations shall survive any transfer by such Holder of its Registrable Securities. 

(c) Conduct of Indemnification Proceedings. In the event the any Company Indemnified Person or Holder Indemnified Person ( each an
“Indemnified Person”) receives a complaint, claim or other notice of any liability or action, giving rise to a claim for indemnification under Sections 4(a) or 4(b) above, the Person claiming indemnification under such
paragraphs shall promptly notify the Person against whom indemnification is sought (the “Indemnifying Person”) of such complaint, notice, claim or action, and the Indemnifying Person shall have the right to investigate and defend
any such loss, claim, damage, liability or action; provided however, that the failure to promptly give notice shall not relieve the Indemnifying Person from any Liability except to the extent that it is materially prejudiced by the
failure or delay of the Indemnified Person in giving such notice. If any such complaint, claim or other notice of any Liability or action is brought against any Indemnified Person and it notifies the Indemnifying Person of its commencement, the
Indemnifying Person will be entitled to participate in and, to the extent that it elects by delivering written notice to the Indemnified Person promptly after receiving notice of the commencement of the action from the Indemnified Person, jointly
with any other Indemnifying Person similarly notified, to assume the defense of the action, with counsel reasonably satisfactory to the Indemnified Person, and after notice from the Indemnifying Person to the Indemnified Person of its election to
assume the defense, the Indemnifying Person shall not be liable to the Indemnified Person for any legal or other expenses except as provided below. The Indemnified Person shall have the right to employ its own counsel in any such action, but the
fees, expenses and other charges of such counsel shall be at the expense of the Indemnified Person unless (i) the Indemnified Person has reasonably concluded (based on advice of legal counsel) that there may be legal defenses available to it or
other Indemnified Persons different from or in addition to those available to the Indemnifying Person or Persons, or (ii) a conflict or potential conflict exists (based on advice of counsel to the Indemnified Person) between the Indemnified
Person and the Indemnifying Person (in which case the Indemnifying Person shall not have the right to direct the defense of such action on behalf of the Indemnified Person), in each of which cases the reasonable fees, disbursements and other charges
of counsel will be at the expense of the Indemnifying Person or Persons. The Indemnifying Person or Persons shall not, unless a conflict of interest exists among the Indemnified Persons, in connection

  
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with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees, disbursements and other charges of more than one separate firm admitted to practice in such
jurisdiction at any time for all such Indemnified Persons. All such fees, disbursements and other charges shall be reimbursed by the Indemnifying Person promptly as they are incurred. An Indemnifying Person shall not be liable for any settlement of
any action or claim effected without its written consent (which consent will not be unreasonably withheld). No Indemnifying Person shall, without the prior written consent of each Indemnified Person, settle or compromise or consent to the entry of
any judgment in any pending or threatened claim, action or proceeding relating to the matters contemplated by this Section 4 (whether or not any Indemnified Person is a party thereto) unless such settlement, compromise or consent
includes an unconditional release of each Indemnified Person from all liability arising or that may arise out of such claim, action or proceeding. 
 (d) Contribution. If the indemnification provided for in this Section 4 from the Indemnifying Person is held by a court of competent jurisdiction to be unavailable to an Indemnified
Person hereunder in respect of any Liability or expenses referred to herein, then the Indemnifying Person, in lieu of indemnifying such Indemnified Person, shall contribute to the amount paid or payable by such Indemnified Person as a result of such
Liability or expenses in such proportion as is appropriate to reflect the relative fault of the Indemnifying Person and Indemnified Persons in connection with the actions which resulted in such Liability or expenses, as well as any other relevant
equitable considerations. The relative fault of such Indemnifying Person and Indemnified Persons shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material
fact, has been made by, or relates to information supplied by, such Indemnifying Person or Indemnified Persons, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action. The parties
hereto agree that it would not be just and equitable if contribution pursuant to this Section 4(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations
referred to in the immediately preceding paragraph. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) will be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation. The amount recoverable by the Company from any Holder under this provision together with any amounts recovered from such Holder under this Section 4(d) shall not exceed the amount of net proceeds received by
such Holder from the sale of Registrable Securities in connection with any such registration, except in the case of willful fraud, or intentional misstatement or omission by such Holder. 

(e) The amount paid by an Indemnifying Person or payable to an Indemnified Person as a result of the Liabilities or expenses referred to
in this Section 4 shall be deemed to include, subject to limitations set forth above, any legal or other expenses, in each case, reasonably incurred by such Indemnified Person in connection with investigating or defending any such action
or claim. The indemnification and contribution provided for in this Section 4 shall remain in full force and effect regardless of any investigation made by or on behalf of the Indemnified Persons or any other officer, director, employee,
agent or controlling person of the Indemnified Persons. 

  
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 5. Registration Expenses. All expenses incurred in connection with effecting the
registrations provided for in Section 2 including, without limitation, all registration and filing fees, printing expenses, fees and disbursements of counsel for the Company, expenses of any audits incident to or required by any such
registration and expenses of complying with the state securities or “blue sky” laws of any jurisdictions but excluding any Selling Expenses (all of such expenses referred to as “Registration Expenses”), shall be paid by
the Company whether or not the Registration Statement to which such Registration Expenses relate becomes effective; provided, however, that the Company shall not be liable (and shall be reimbursed by the participating Holders) for any
Registration Expenses if such registration statement does not become effective as a result of the actions or omissions of the Holders participating in the registration. All Selling Expenses relating to securities registered on behalf of the Holders
shall be paid by the Holders. 
 6. Lock Up. Each Holder agrees that, if requested by the managing underwriter of an
underwritten offering, he or she will not directly or indirectly offer, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant for the sale of or otherwise dispose
of or transfer any shares of capital stock of the Company held by it during the period commencing ten (10) days prior to the effective date of a registration statement related to an underwritten public offering of the Company’s securities
and ending no later than ninety (90) days following the effective date of such registration statement (or for such shorter period of time as is sufficient and appropriate in the opinion of the managing underwriter or for such longer period of
time as may be required by the Company or an underwriter to accommodate regulatory restrictions on (i) the publication or other distribution of research reports and (ii) analyst recommendations and opinions, including, but not limited to,
the restrictions contained in NASD Rule 2711(f)(4) or NYSE Rule 472(f)(4), or any successor provisions or amendments thereto). The provisions of this Section 6 shall become effective upon notice to the holder by the managing underwriter
that it is requesting a lock-up and shall not require the written consent of the holder; provided however that and if so requested by the Company or managing underwriter, each Holder shall execute an agreement with respect to the
foregoing. 
 7. Rule 144. The Company covenants that it will timely file the reports required to be filed by it under
the Securities Act and the Exchange Act and the rules and regulations adopted by the Commission thereunder and to take such further action as any Holder may reasonably request, all to the extent required from time to time to enable such Holder to
sell Registrable Securities without registration under the Securities Act subject to the limitations of the exemptions provided by Rule 144 or any similar rule or regulation hereafter adopted by the Commission. Upon request, the Company will provide
to a Holder written certification of its compliance with the reporting requirements of Rule 144. 
 8. Restrictions on
Transfer. 
 (a) The Holder of each certificate representing Registrable Securities by acceptance thereof agrees to comply
in all respects with the provisions of this Section 8. Each Holder agrees not to make any sale, assignment, transfer, pledge or other disposition of all or any portion of the Registrable Securities, or any beneficial interest therein,
unless and until: 
 (i) There is then in effect a Registration Statement under the Securities Act covering such proposed
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 (ii) The Holder may dispose of the Registrable Securities in compliance with Rule 144;
or 
 (iii) The Holder shall have given prior written notice to the Company of the Holder’s intention to make such
disposition and shall have furnished the Company with a detailed description of the manner and circumstances of the proposed disposition, and the Holder shall have furnished the Company, at the Holder’s expense, with an opinion of counsel
reasonably satisfactory to the Company to the effect that such disposition will not require registration of such Registrable Securities under the Securities Act whereupon the holder of such Registrable Securities shall be entitled to transfer such
Registrable Securities in accordance with the terms of the notice delivered by the Holder to the Company. 
 (b) Notwithstanding
the provisions of Section 8(a), no such Registration Statement or opinion of counsel shall be necessary for (i) a transfer not involving a change in beneficial ownership or for estate planning purposes (including to a trust for the
benefit of family), or (ii) transactions involving the distribution without consideration of Registrable Securities by any Holder to (x) a parent, subsidiary or other affiliate of the Holder, if the Holder is a corporation, (y) any of
the Holder’s partners, members or other equity owners, or retired partners, retired members or other equity owners, or to the estate of any of the Holder’s partners, members or other equity owners or retired partners, retired members or
other equity owners, or (iii) transfers in compliance with Rule 144; provided, in each case (other than (iii)), that the Holder shall give written notice to the Company of the Holder’s intention to effect such disposition and shall have
furnished the Company with a detailed description of the manner and circumstances of the proposed disposition and the transferor delivers an executed copy of the Instrument of Accession attached hereto as Exhibit A. 

(c) Each certificate representing Registrable Securities shall (unless otherwise permitted by the provisions of this Agreement) be
stamped or otherwise imprinted with a legend substantially similar to the following (in addition to any legend required under applicable state securities laws): 
 THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES. THESE SECURITIES MAY NOT BE
OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED EXCEPT AS PERMITTED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS PURSUANT TO REGISTRATION OR AN EXEMPTION THEREFROM. THE ISSUER OF THESE

  
 -12-

 (Execution Copy) 
  

 
SECURITIES MAY REQUIRE AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE ISSUER THAT SUCH OFFER, SALE OR TRANSFER, PLEDGE OR HYPOTHECATION OTHERWISE COMPLIES WITH THE ACT AND ANY APPLICABLE
STATE SECURITIES LAWS. 
 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE,
INCLUDING A LOCK-UP PERIOD IN THE EVENT OF A PUBLIC OFFERING, AS SET FORTH IN A REGISTRATION RIGHTS AGREEMENT AMONG THE COMPANY AND THE ORIGINAL HOLDERS OF THESE SHARES, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE COMPANY.

 The Holders consent to the Company making a notation on its records and giving instructions to any transfer agent of the
Registrable Securities in order to implement the restrictions on transfer established in this Section 8. The legends stamped on a certificate evidencing the Registrable Securities and the stock transfer instructions and record notations
with respect to the Registrable Securities shall be removed and the Company shall issue a certificate without such legend to the Holder if (i) those securities are registered under the Securities Act, or (ii) the Holder provides the
Company with an opinion of counsel reasonably acceptable to the Company to the effect that a sale or transfer of those securities may be made without registration or qualification, or (iii) the securities may be resold subject to Company’s
insider trading and transfer agency policies in compliance with Rule 144. 
 9. Miscellaneous. 

(a) Amendments and Waivers. The provisions of this Agreement may be amended, modified, supplemented or waived with the prior
written consent of the Company and the Holders of a majority of the Registrable Shares then outstanding. 
 (b) Notices.

 (i) All notices, demands and other communications given with respect to this Agreement shall be in writing and shall be
given by one of the following methods (all charges prepaid and properly addressed to the addresses set forth in Section 9(b)(ii)): 
 (A) by personal delivery, in which case the notice, demand or communication will be deemed given upon receipt; 
 (B) by facsimile or electronic mail transmission, in which case the notice, demand or communication will be deemed given when directed to the relevant facsimile number or electronic mail address, if sent
during normal business hours, or if not sent during normal business hours, then on the next business day; 

  
 -13-

 (Execution Copy) 
  

 (C) by prepaid, nationally recognized overnight courier service, in which case the
notice, demand or communication will be deemed given one business day after deposit with such overnight courier service; 
 (D)
by first class U.S. mail (return receipt requested), in which case the notice, demand or communication will be deemed given five business days after being deposited into the U.S. mail. 

(ii) All notices, demands and communications sent pursuant to this Section 9(b) must be addressed as follows: 

If to a Shareholder: To the address, facsimile number or electronic mail address set forth on the signature page of such
Shareholder to this Agreement (as may be updated in accordance with Section 9(b)(iii)). 
 If to a Holder: To
such address, facsimile number or electronic mail address as shown in the Company’s records, or, until any such Holder furnishes contact information, the to the address, facsimile number or electronic mail address of the last holder of such
shares for which the Company has contact information in its records. 
 If to the Company: 

RealPage 
 4000
International Parkway 
 Carrollton, TX 75007-1913 
 Attention:    Margot Lebenberg, Chief Legal Officer 

Facsimile:    (972) 820-3932 
 With a copy to (which copy does not constitute notice): 
 4000
International Parkway 
 Carrollton, TX 75007-1913 
 Attention: Margot Lebenberg, Chief Legal Officer 
 Email Address:
margot.lebenberg@realpage.com 
 Facsimile No.: (972) 820-3932 

(iii) A party may change its address set forth in Section 9(b)(ii) by giving notice pursuant to this
Section 9(b). 
 (c) Successors and Assigns. This Agreement will inure to the benefit of and be binding upon
the successors and assigns of the Company. This Agreement may not be assigned by any Shareholder without the prior written consent of the Company; provided, however, that any Shareholder shall be permitted to assign the rights under
this Agreement without such consent to any 

  
 -14-

 (Execution Copy) 
  

 
person to whom such Shareholder transfers Registrable Securities in accordance with Section 8(b). Except as otherwise provided in this Section 8(c), any attempted
assignment by any Shareholder will be void and of no effect. 
 (d) Counterparts; Electronic Delivery. This Agreement may
be executed and delivered by facsimile or other electronic means and in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 

(e) Headings. The article and section headings contained in this Agreement are solely for the purpose of reference, are not part
of this Agreement and shall not in any way affect the meaning or interpretation of this Agreement. 
 (f) Governing Law.
This Agreement will be governed by and construed in accordance with the laws of the State of Delaware, as applied to contracts made and performed within the State of Delaware, without regard to principles of conflict of laws. 

(g) Dispute Resolution. 
 (i) No party to this Agreement shall institute a proceeding in any court or administrative agency to resolve a dispute between the parties arising out of or related to this Agreement before that party has
sought to resolve the dispute through direct negotiation with the other party. 
 (ii) If the dispute is not resolved within
three (3) weeks after a demand for direct negotiation, the parties shall attempt to resolve the dispute through mediation in New York, New York, administered by the American Arbitration Association under its commercial mediation rules and
procedures then in effect. 
 (iii) If the mediator is unable to facilitate a settlement of the dispute within a reasonable
period of time, as determined by the mediator, the mediator shall issue a written statement to the parties to that effect and the aggrieved party may then seek relief in the state and federal courts located in New York, New York. 

(iv) Each party consents to the exclusive personal and subject matter jurisdiction of the mediation and arbitration proceedings as
provided in this Section 9(g) and waives any defense based upon forum non conveniens or lack of personal or subject matter jurisdiction. 
 (v) Notwithstanding any other provision of this Agreement, including this Section 9(g), each party shall have the right to at any time apply to any court of competent jurisdiction for
preliminary injunctive relief. 
 (h) Severability. In the event that any provision in this Agreement shall be determined
to be invalid, illegal or unenforceable in any respect, the remaining provisions of this Agreement shall not be in any way impaired, and the illegal, invalid or unenforceable provision shall be fully severed from this Agreement and there shall be
automatically added a replacement provision as similar in terms and intent to such severed provision as may be legal, valid and enforceable. 

  
 -15-

 (Execution Copy) 
  

 (i) Entire Agreement. This Agreement, together with the documents and
instruments delivered pursuant to this Agreement, constitute the entire contract between the parties to this Agreement pertaining to the subject matter of this Agreement and supersede all prior and contemporaneous agreements and understandings
between the parties with respect to such subject matter. 
 (j) Attorneys’ Fees. In any action or proceeding
brought to enforce any provision of this Agreement, or where any provision hereof is validly asserted as a defense, the prevailing party, as determined by the court, will be entitled to recover reasonable attorneys’ fees in addition to any
other available remedy. 
 [REMAINDER OF PAGE LEFT
INTENTIONALLY BLANK] 

  
 -16-

 (Execution Copy) 
  

 
			
	SHAREHOLDER:
	
	  

	[print shareholder name]
		
	By: 	 	 /s/ ET Walrath

		 	[signature]
		
		 	[***]
	  

	[address]
		
	 	 	[***]

 [Signature Page to Registration Rights Agreement] 

  

 (Execution Copy) 
  

 
			
	SHAREHOLDER:
		
	 	 	Iaffaldano
	[print shareholder name]
		
	By: 	 	 /s/ Paul Iaffaldano

		 	[signature]
		
		 	[***]
	  

	[address]
		
	 	 	[***]

 [Signature Page to Registration Rights Agreement] 

 (Execution Copy) 
  

 
			
	SHAREHOLDER:
		
	 	 	Marvin L Walrath    Lynn A Walrath TIC
	[print shareholder name]
		
	By: 	 	 /s/ Marvin L Walrath    /s/ Lynn A Walrath

		 	[signature]
		
		 	[***]
	  

	[address]
		
	 	 	[***]

 [Signature Page to Registration Rights Agreement] 

 (Execution Copy) 
  

 
			
	SHAREHOLDER:
		
	 	 	Joseph Gardner Fiveash III
	[print shareholder name]
		
	By: 	 	 /s/ Joseph Gardner Fiveash III

		 	[signature]
		
		 	[***]
	  

	[address]
		
	 	 	[***]

 [Signature Page to Registration Rights Agreement] 

 (Execution Copy) 
  

 
			
	SHAREHOLDER:
		
	 	 	Alex J. Marshall
	[print shareholder name]
		
	By: 	 	 /s/ Alex J. Marshall

		 	[signature]
		
		 	[***]
	  

	[address]
		
	 	 	[***]

 [Signature Page to Registration Rights Agreement] 

 (Execution Copy) 
  

 
			
	SHAREHOLDER:
		
	 	 	Justin Adler
	[print shareholder name]
		
	By: 	 	 /s/ Justin Adler

		 	[signature]
		
		 	[***]
	  

	[address]
		
	 	 	[***]

 [Signature Page to Registration Rights Agreement] 

 (Execution Copy) 
  

 
			
	SHAREHOLDER:
		
	 	 	Peter M. Welber
	[print shareholder name]
		
	By: 	 	 /s/ Peter M. Welber

		 	[signature]
		
		 	[***]
	  

	[address]
		
	 	 	[***]

 [Signature Page to Registration Rights Agreement] 

 (Execution Copy) 
  

 
			
	SHAREHOLDER:
		
	 	 	Alan Adler
	[print shareholder name]
		
	By: 	 	 /s/ Alan Adler

		 	[signature]
		
		 	[***]
	  

	[address]
		
	 	 	[***]

 [Signature Page to Registration Rights Agreement] 

 (Execution Copy) 
  

 
			
	SHAREHOLDER:
		
	 	 	Andrew R Adler
	[print shareholder name]
		
	By: 	 	 /s/ Andrew R Adler

		 	[signature]
		
		 	 [***]

	  

	[address]
		
	 	 	 [***] 

 [Signature Page to Registration Rights Agreement] 

 (Execution Copy) 
  

 
			
	SHAREHOLDER:
		
	 	 	Craig Pernick
	[print shareholder name]
		
	By: 	 	 /s/ Craig Pernick

		 	[signature]
		
		 	 [***] 

	  

	[address]
		
	 	 	 [***] 

 [Signature Page to Registration Rights Agreement] 

 (Execution Copy) 
  

 
			
	SHAREHOLDER:
		
	 	 	Michael Gildenhorn
	[print shareholder name]
		
	By: 	 	 /s/ Michael Gildenhorn

		 	[signature]
		
		 	 [***] 

	  

	[address]
		
	 	 	 [***]

 [Signature Page to Registration Rights Agreement] 

 (Execution Copy) 
  

 
			
	SHAREHOLDER:
		
	 	 	Ernest E Rink    Marion F Rink
	[print shareholder name]
		
	By: 	 	 /s/ Ernest E Rink    /s/ Marion F Rink

		 	[signature]
		
		 	 [***] 

	  

	[address]
		
	 	 	 [***] 

 [Signature Page to Registration Rights Agreement] 

 (Execution Copy) 
  

 
			
	SHAREHOLDER:
		
	 	 	Robert Bruel    Lisa Simpson
	[print shareholder name]
		
	By: 	 	 /s/ Robert Bruel    /s/ Lisa Simpson

		 	[signature]
		
		 	 [***] 

	  

	[address]
		
	 	 	 [***] 

 [Signature Page to Registration Rights Agreement] 

 (Execution Copy) 
  

 
			
	SHAREHOLDER:
		
	 	 	Michael Purtell    7/25/11
	[print shareholder name]
		
	By: 	 	 /s/ Michael Purtell

		 	[signature]
		
		 	 [***] 

	  

	[address]
		
	 	 	 [***] 

		
	 	 	Jennifer Purtell
		
	 	 	/s/ Jennifer B. Purtell    7/25/11

 [Signature Page to Registration Rights Agreement] 

 (Execution Copy) 
  

 
			
	SHAREHOLDER:
		
	 	 	David Joubran
	[print shareholder name]
		
	By: 	 	 /s/ David Joubran

		 	[signature]
		
		 	 [***] 

	  

	[address]
		
	 	 	 [***] 

 [Signature Page to Registration Rights Agreement] 

 (Execution Copy) 
  

 
			
	SHAREHOLDER:
		
	 	 	William F. Stampfl    Jeanine M. Stampfl
	[print shareholder name]
		
	By: 	 	 /s/ William F. Stampfl    /s/ Jeanine M. Stampfl

		 	[signature]
		
		 	 [***] 

	  

	[address]
		
	 	 	 [***] 

 [Signature Page to Registration Rights Agreement] 

 (Execution Copy) 
  

 
			
	SHAREHOLDER:
		
	 	 	Daniel Purtell
	[print shareholder name]
		
	By: 	 	 /s/ Daniel Purtell

		 	[signature]
		
		 	 [***] 

	  

	[address]
		
	 	 	 [***] 

 [Signature Page to Registration Rights Agreement] 

 (Execution Copy) 
  

 
			
	SHAREHOLDER:
	
	The Center for Innovative Technology
		
	 	 	Peter Jobse, President and CEO
	[print shareholder name]
		
	By: 	 	 /s/ Peter Jobse

		 	[signature]
		
		 	 [***] 

	  

	[address]
		
	 	 	 [***] 

 [Signature Page to Registration Rights Agreement] 

 (Execution Copy) 
  

 
			
	SHAREHOLDER:
		
	 	 	Jeffrey Drichta
	[print shareholder name]
		
	By: 	 	 /s/ Jeffrey Drichta

		 	[signature]
		
		 	 [***] 

	  

	[address]
		
	 	 	 [***] 

 [Signature Page to Registration Rights Agreement] 

 (Execution Copy) 
  

 
			
	SHAREHOLDER:
		
	 	 	Kevin E. Duke
	[print shareholder name]
		
	By: 	 	 /s/ Kevin E. Duke

		 	[signature]
		
		 	 [***] 

	  

	[address]
		
	 	 	 [***] 

 [Signature Page to Registration Rights Agreement] 

 (Execution Copy) 
  

 
			
	SHAREHOLDER:
		
	 	 	Jim Sharp
	[print shareholder name]
		
	By: 	 	 /s/ Jim Sharp

		 	[signature]
		
		 	 [***] 

	  

	[address]
		
	 	 	 [***] 

 [Signature Page to Registration Rights Agreement] 

 (Execution Copy) 
  

 
			
	SHAREHOLDER:
		
	 	 	Ryan Scarborough    Cynthia Lee
	[print shareholder name]
		
	By: 	 	 /s/ Ryan Scarborough    /s/ Cynthia Lee

		 	[signature]
		
		 	 [***] 

	  

	[address]
		
	 	 	 [***] 

 [Signature Page to Registration Rights Agreement] 

 (Execution Copy) 
  

 
			
	SHAREHOLDER:
		
	 	 	NDA Fund V, LLC
	[print shareholder name]
		
	By: 	 	 /s/ Illegible

		 	[signature]
		
	 	 	Authorized Member
		
	 	 	 [***] 

	[address]
		
	 	 	 [***] 

 [Signature Page to Registration Rights Agreement] 

 (Execution Copy) 
  

 
			
	SHAREHOLDER:
		
	 	 	Nelson & Wallery, Ltd
	[print shareholder name]
		
	By: 	 	 /s/ Sheree Nelson

		 	[signature]
		
		 	 [***] 

	  

	[address]
		
	 	 	 [***] 

 [Signature Page to Registration Rights Agreement] 

 (Execution Copy) 
  

 EXHIBIT A — 

INSTRUMENT OF ACCESSION FOR SHAREHOLDERS INSTRUMENT OF ACCESSION 

The undersigned,                    ,
as a condition precedent to becoming the owner or holder of record of                    
(            ) shares of Common Stock of RealPage, Inc., a Delaware corporation (the “Company”), hereby agrees to become a “Holder” under that certain
Registration Rights Agreement dated as of July     , 2011 by and among the Company and each of the other parties signatory thereto. This Instrument of Accession shall take effect and shall become an integral part of, and the
undersigned shall become a party to and bound by, said Registration Rights Agreement immediately upon execution and delivery to the Company of this Instrument. 
 IN WITNESS WHEREOF, this INSTRUMENT OF ACCESSION has been duly executed by or on behalf of the undersigned, as a sealed instrument under the laws of the State of Delaware, as of the date below written.

  

					
	Signature:
	
	  

	(Print Name)
	
	Address:
		
	  
	 	\
	
	  

		
	Date:Global Note dated as of September 12, 2012

 Exhibit 4.1 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF 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 AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF DTC OR A
NOMINEE THEREOF. TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE
LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE. 
 THESE SECURITIES ARE NOT SAVINGS OR
DEPOSIT ACCOUNTS OR OTHER OBLIGATIONS OF ANY BANK OR NONBANK SUBSIDIARY OF ASSOCIATED BANC-CORP AND ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION, THE BANK INSURANCE FUND OR ANY OTHER GOVERNMENTAL AGENCY. 

ASSOCIATED BANC-CORP 
 1.875% Senior Note Due 2014 
  

			
	No. 001	  	CUSIP No. 045488AD5

 ASSOCIATED BANC-CORP, a Wisconsin corporation (herein called the “Company”, which term includes
any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to 

CEDE & CO. 
 or
registered assigns, the principal sum of ONE HUNDRED FIFTY-FIVE MILLION DOLLARS ($155,000,000) on March 12, 2014 (the “Stated Maturity”), and to pay interest on said principal sum semiannually in arrears on March 12 and
September 12 in each year (individually referred to as an “Interest Payment Date” and collectively as the “Interest Payment Dates”), commencing March 12, 2013, at the rate of 1.875% per annum, computed on the basis
of a 360-day year consisting of twelve 30-day months, from September 12, 2012, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, until the principal hereof is paid or made available for payment.
The Interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be 

 
paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be
February 26 or August 29 (whether or not a Business Day), as applicable, next preceding such Interest Payment Date, provided that interest payable on the Stated Maturity shall be payable to the Person to whom the principal hereof is
payable. In the event any Interest Payment Date or the Stated Maturity is not a Business Day, principal and interest will be paid on the next succeeding Business Day with the same force and effect as if made on such date and no interest on such
payment will accrue from and after such date. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this
Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee (as defined below), notice of which shall be given to the Holder
of this Security not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities may be listed, and upon such notice
as may be required by such exchange, all as more fully provided in such indenture. Payment of the principal of and interest on this Security due on the Stated Maturity will be made in immediately available funds upon presentation of this Security,
provided that it is presented to the Paying Agent in time for the Paying Agent to make such payment in such funds in accordance with its normal procedures. For the purposes of this Security, “Business Day” means each Monday,
Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in the Place of Payment are authorized or obligated by law or executive order to close. Payment of the principal of (and premium, if any) and interest on this
Security will be made at the office or agency of the Company maintained for that purpose in The City of New York, New York, which shall initially be the office or agency of the Trustee, and if this Security is no longer held in global form, in such
coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that, at the option of the Company, payment of interest (other than interest payable
on the Stated Maturity) may be paid by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register at the close of business on the Regular Record Date. 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been
executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 -2-

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

 

			
	ASSOCIATED BANC-CORP
		
	By:	 	/s/ Christopher Del Moral-Niles
	 Name:
	 	Christopher Del Moral-Niles
	 Title:
	 	Executive Vice President and Chief Financial Officer
	
	 ATTEST:

		
	By:	 	/s/ Randall J. Erickson
	 Name:
	 	Randall J. Erickson
	 Title:
	 	Executive Vice President, General Counsel and Corporate Secretary

 CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

							
		 	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.	  	
		 	             As Trustee
	  	
				
		 	By:	 	 /s/ Lawrence M. Kusch
	  	
		 		 	Authorized Officer	  	
				
		 	Date:	 	September 12, 2012	  	

  
 -3-

 [REVERSE OF SECURITY] 

This Security is one of a duly authorized issue of notes of the series designated above of the Company (herein called the
“Securities”), issued and to be issued in one or more series under an indenture dated as of March 14, 2011 for senior debt securities, between ASSOCIATED BANC-CORP and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as trustee (the
“Trustee”), as supplemented by the Board Resolutions and the related Officer’s Certificate (as so supplemented, the “Indenture”), and reference is hereby made for a statement of the respective rights, limitations of rights,
duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. 

This Security is one of the series designated on the face hereof, limited in aggregate principal amount equal to $155,000,000 as of the
date of this Security. In addition, the Company may from time to time without the consent of the Holders of Securities create and issue further securities having the same terms and conditions as the Securities in all respects (or in all respects
except for the issue date and issue price) and so that such further issue shall be consolidated and form a single series with the outstanding securities of this issue (including the Securities) or upon such terms as the Company may determine at the
time of their issue. References herein to the Securities include (unless the contest requires otherwise) any other securities issued as described in this paragraph and forming a single series with the Securities. 

Where the Indenture or this Security provides for notice to the Holder of this Security of any event, such notice shall be sufficiently
given if in writing and mailed, first class, postage prepaid, to the Holder of this Security at his, her or its address as it appears in the Security Register, not later than the latest date, and not earlier than the earliest date, prescribed for
the giving of such notice. In case by reason of the suspension of regular mail service or by reason of any other cause it shall be impracticable to give such notice to the Holder of this Security by mail, then such notification as shall be made with
the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. In any case where notice to the Holder of this Security is given by mail, neither the failure to mail such notice, nor any defect in any notice so
mailed, to the Holder of this Security shall affect the sufficiency of such notice with respect to other Holders of the Securities. 
 On or after February 12, 2014, the Securities are subject to redemption in whole or in part, upon not less than 30 days nor more than 60 days’ prior notice, at the election of the Company, at a
redemption price (“Redemption Price”) equal to 100% of the principal amount of the Securities to be redeemed, plus accrued interest at the Redemption Date. 
 Notice of redemption may be mailed by first-class mail to each Holder of Securities to be redeemed at his, her or its registered address and will be deemed to have been given on the second Business Day
after the date of mailing. The Securities may be redeemed in part but only in whole multiples of $10,000,000. Delivery of a notice shall in no way preclude the ability of any Holder to sell or transfer the Securities prior to the Redemption Date
specified in such notice. If notice of redemption has been given as provided for by the Indenture, the Securities 

  
 -4-

 
so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified and from and after such date (unless the Company shall default in the payment of
the Redemption Price) such Securities shall cease to bear interest. 
 This Security is not mandatorily redeemable, in whole or
in part, prior to the Stated Maturity. This Security is not subject to any sinking fund. 
 This Security shall have the benefit
of the covenants and agreements set forth in the Indenture. 
 If an Event of Default with respect to the Securities shall occur
and be continuing, the principal of all the securities may be declared due and payable in the manner and with the effect provided in the Indenture. 
 The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modifications of the rights and obligations of the Company and the rights of the Company and the rights of
the Holders of the Securities of each series under the indenture to be affected at any time by the Company with the consent of the Holders of a majority in principal amount of the Outstanding Securities, and with respect to certain limited matters,
the Company and the Trustee may enter into one or more indentures supplemental to the indenture without the consent of any Holder. The Indenture also contains provisions permitting the holders of a majority in principal amount of the Outstanding
Securities of each series, on behalf of the Holders of all Securities of such series, to waive certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and
binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this
Security. 
 As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right
to institute any proceeding, judicial or otherwise, with respect to the Indenture, or for the appointment of a receiver or trustee, or for any other remedy thereunder, unless such Holder has previously given written notice to the Trustee of a
continuing Event of Default with respect to the Securities, the Holders of not less than 25% in principal amount of the Outstanding Securities 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, such Holder or Holders have offered to the Trustee indemnity reasonably satisfactory to it against the costs, expenses and liabilities to be incurred in compliance with such request, the Trustee for 60
days after its receipt of such notice, request and offer of indemnity has failed to institute such proceeding, and no direction inconsistent 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. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal of, premium, if any, and interest on this Security on or
after the respective due dates expressed herein. 
 No reference herein to the Indenture and no provision of this Security or of
the Indenture shall alter or impair the obligation of the Company which is absolute and unconditional to pay the principal of, premium, if any, and interest on this Security at the times, places and rate, and in the coin or currency herein and in
the Indenture prescribed. 

  
 -5-

 As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Security is registrable in the Security Register of the Company, upon surrender of this Security for registration of transfer at the office or agency of the Company in any Place of Payment, duly endorsed by, or accompanied by a
written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of authorized denominations and for
the same aggregate principal amount will be issued to the designated transferee or transferees. 
 The Securities are issuable
only in fully registered form without coupons, in denominations of $2,000 and integral multiples of $1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, the Securities are exchangeable for a
like aggregate principal amount of Securities of a different authorized denomination, as requested by the holder surrendering the same. 
 The Securities are issuable in the form of one or more Global Securities and shall be exchangeable for definitive Securities only in the circumstances specified in the Indenture. The Depositary for the
Securities shall be The Depository Trust Company. 
 No service charge shall be made for any such registration of transfer or
exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered
as the owner hereof for all purposes, whether or not this Security be overdue, and none of the Company, the Trustee or any such agent shall be affected by notice to the contrary. 

This Security shall be construed in accordance with and governed by the laws of the State of New York. 

All terms not defined herein shall have the respective meanings ascribed to them in the Indenture. 

Unless the certificate of authentication hereon has been manually executed by or on behalf of the Trustee under such Indenture, this
Security shall not be entitled to any benefits under such Indenture or be valid or obligatory for any purpose. 

  
 -6-

 [FORM OF ASSIGNMENT] 

For value
received                                        
hereby sell(s), assign(s) and transfer(s)
unto                                        
(please insert address and social security or other identifying number of assignee) the within Security, and hereby irrevocably constitutes and
appoints                                        
attorney to transfer the said Security on the books of the Company, with full power of substitution in the premises. 
  

			
	Dated:	 	 
	
	  

	
	  

	Signature(s)

 Signature(s) must be guaranteed by an eligible Guarantor Institution (banks, stock brokers, savings and loan associations
and credit unions) with membership in an approved signature guarantee medallion program pursuant to Securities and Exchange Commission Rule 17Ad-15. 
  

	
	  
	Signature Guarantee

  
 -7-

 SCHEDULE OF INCREASES OR DECREASES 

The aggregate principal amount of this Global Security is U.S. $155,000,000. The following increases or decreases in this Global Security
have been made: 
  

									
	 Date of Exchange
	  	Amount of
increase in
Principal
Amount of this
Global Security	  	Amount of
decrease in
Principal
Amount of this
Global Security	  	Principal
Amount of this
Global Security
following such
increase 
or
decrease	  	Signature of
authorized
signatory of
Trustee

  
 -8-

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