Document:

Document

Exhibit 4.3
Execution Version

KENNEDY-WILSON HOLDINGS, INC.,
as Parent

KENNEDY-WILSON, INC.,

as Issuer

THE NEW SUBSIDIARY GUARANTORS PARTY HERETO

and

WILMINGTON TRUST, NATIONAL ASSOCIATION

as Trustee
                    
SUPPLEMENTAL INDENTURE NO. 2030-2
Dated as of May 12, 2022

to

INDENTURE

Dated as of March 25, 2014 
                    

4.750% Senior Notes due 2030

    SUPPLEMENTAL INDENTURE NO. 2030-2 (the “Supplemental Indenture”), dated as of May 12, 2022, among Kennedy-Wilson, Inc., as issuer (the “Issuer”), KW EU CAPITAL LLC, a Delaware limited liability company, KW ETHOS COMMUNITY, LLC, a Delaware limited liability company, KW ONE TEN PLAZA, LLC, a Delaware limited liability company, KW ZIA SUNNYSIDE, LLC, a Delaware limited liability company, KW Bend QOF, LLC, a Delaware limited liability company, KW The Charli, LLC, a Delaware limited liability company, KW The Olive, LLC, a Delaware limited liability company, KW-G Multifamily Venture I Manager, LLC, a Delaware limited liability company,  KW MW Cottonwood, a Delaware limited liability company, LLC, Kennedy Wilson Property Services VII, LLC, a Delaware limited liability company, Kennedy Wilson Property Equity VII, LLC, a Delaware limited liability company, KW Multifamily 2021, LLC, a Delaware limited liability company,  KW San Vincente Bungalows and Hotel 850, LLC, a Delaware limited liability company, KW Arista Uptown, LLC, a Delaware limited liability company, KW Silver Lake Pool & Inn, LLC, a Delaware limited liability company, KW Encinitas Beach Resort, LLC, a Delaware limited liability company, KW Multifamily 2022, LLC, a Delaware limited liability company, KW-G Multifamily Venture 2 Manager, LLC, a Delaware limited liability company, KW-G Multifamily Co-Invest, LLC, a Delaware limited liability company, KW MetWest on Sunset, LLC, a Delaware limited liability company, KW Park on 20th, LLC, a Delaware limited liability company, KW San Mateo ABQ, LLC, a Delaware limited liability company, KW Timbers Kauai Ocean Club LLC, a Delaware limited liability company, KW Westmoor 7, LLC, a Delaware limited liability company, KW Westmoor 8-10, LLC, a Delaware limited liability company, KW Coppins Well Member, LLC, a Delaware limited liability company (the preceding twenty-six entities, each, a “New Guarantor” and, collectively, the “New Guarantors”), Kennedy-Wilson Holdings, Inc., a Delaware corporation, as the Parent Guarantor (the “Parent Guarantor”), the Guarantors (as defined in the Indenture referred to below), and Wilmington Trust, National Association, as trustee (the “Trustee”)..
WITNESSETH THAT:
    WHEREAS, the Issuer and the Trustee have executed and delivered a base indenture, dated as of March 25, 2014 (as amended, supplemented or otherwise modified from time to time, and, together with the Supplemental Indenture No. 2030-1 (as defined below), the “Indenture”) to provide for the future issuance of the Issuer’s debt securities to be issued from time to time in one or more series;
    WHEREAS, the Issuer, the Guarantors party thereto and the Trustee entered into that certain Supplemental Indenture No. 2030-1, dated as of August 23, 2021 (the “Supplemental Indenture No. 2030-1”) relating to the Issuer’s 4.750% Senior Notes due 2030 (the “Notes”);
    WHEREAS, as a condition to the Trustee entering into the Indenture and the purchase of the Notes by the Holders, the Issuer agreed pursuant to the Indenture to cause certain of its domestic Restricted Subsidiaries to provide Guaranties after the Issue Date (as defined in the Indenture);
    WHEREAS, the Issuer desires, and this Supplemental Indenture is being executed and delivered pursuant to Sections 4.09 and 9.01(iv) of the Supplemental Indenture No. 2030-1, to cause the New Guarantors to provide a Guaranty and become Subsidiary Guarantors;
    WHEREAS, the Issuer, the New Guarantors, the Parent Guarantor and the Guarantors have duly authorized the execution and delivery of this Supplemental Indenture, subject to the terms and conditions described herein;
    WHEREAS, the Issuer, the New Guarantors, the Parent Guarantor and the Guarantors have requested that the Trustee execute and deliver this Supplemental Indenture, and all 
    - 1 -

requirements necessary to make this Supplemental Indenture a valid instrument in accordance with its terms and to give effect to the terms and conditions set forth herein and the execution and delivery of this Supplemental Indenture have been duly authorized in all respects; and
    WHEREAS, pursuant to Sections 9.01 and 10.09 of the Supplemental Indenture No. 2030-1, the Trustee is authorized to execute and deliver this Supplemental Indenture.
NOW, THEREFORE:
Each party hereto agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders (as defined herein) of the Notes.
Section 1.    Capitalized terms used herein without definition shall have the respective definitions ascribed to them in the Indenture.
Section 2.    Each New Guarantor, by its execution of this Supplemental Indenture, agrees to be a Guarantor under the Indenture and to be bound by the terms of the Indenture applicable to Guarantors, including, but not limited to, Article X of the Supplemental Indenture No. 2030-1.
Section 3.    Notwithstanding anything herein to the contrary, this Supplemental Indenture shall be subject, without limitation, to the last paragraph of Section 10.09 of the Supplemental Indenture No. 2030-1 with the same force and effect as if such paragraph were reproduced herein.
Section 4.     THIS SUPPLEMENTAL INDENTURE AND THE GUARANTEES OF THE NEW GUARANTORS, INCLUDING ANY CLAIM OR CONTROVERSY ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE OR SUCH GUARANTEES, SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK (WITHOUT REGARD TO THE CONFLICTS OF LAWS PROVISIONS THEREOF OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW).
Section 5.    This Supplemental Indenture may be signed in various counterparts which together will constitute one and the same instrument.
Section 6.    No past, present or future director, officer, employee, incorporator, member or stockholder or control person of the Issuer, the Parent or any Subsidiary Guarantor, as such, will have any liability for any obligations of the Issuer, the Parent or any Subsidiary Guarantor under the Notes, any Guaranty, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of such obligations or their creation.  Each Holder of the Notes by accepting a Note or any Guaranty waives and releases all such liability.  The waiver and release are part of the consideration for issuance of the Notes or any Guaranty.
Section 7.    This Supplemental Indenture is an amendment supplemental to the Indenture, and the Indenture and all subsequent supplements thereto, including this Supplemental Indenture, shall be read together.
Section 8.    The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect or the recitals contained herein, all of which recitals are made solely by the Issuer, the Parent Guarantor and the New Guarantors party hereto.
[Remainder of this Page Intentionally Left Blank; Signature Pages Follow]
    - 2 -

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

    
Kennedy-Wilson, Inc.

By:    /s/ In Ku Lee        
Name:    In Ku Lee 
Title:    Secretary

    Kennedy-Wilson Holdings, Inc.

By:    /s/ In Ku Lee        
Name:    In Ku Lee 
Title:    Secretary

KW EU CAPITAL LLC

By:    /s/ In Ku Lee        
Name:    In Ku Lee
Title:    Vice President and Secretary  

KW ETHOS COMMUNITY, LLC

By:    /s/ In Ku Lee        
Name:    In Ku Lee
Title:    Vice President and Secretary  

    [Signature page to Supplemental Indenture No. 2030-2]

|

KW ONE TEN PLAZA, LLC

By:    /s/ In Ku Lee        
Name:    In Ku Lee
Title:    Vice President and Secretary  

KW ZIA SUNNYSIDE, LLC

By:    /s/ In Ku Lee        
Name:    In Ku Lee
Title:    Vice President and Secretary  

KW Bend QOF, LLC

By:    /s/ In Ku Lee        
Name:    In Ku Lee
Title:    Vice President and Secretary  

KW The Charli, LLC

By:    /s/ In Ku Lee        
Name:    In Ku Lee
Title:    Vice President and Secretary  

    [Signature page to Supplemental Indenture No. 2030-2]

|

KW The Olive, LLC

By:    /s/ In Ku Lee        
Name:    In Ku Lee
Title:    Vice President and Secretary  

KW-G Multifamily Venture I Manager, LLC

By:    /s/ In Ku Lee        
Name:    In Ku Lee
Title:    Vice President and Secretary  

KW MW Cottonwood, LLC

By:    /s/ In Ku Lee        
Name:    In Ku Lee
Title:    Vice President and Secretary  

Kennedy Wilson Property Services VII, LLC

By:    /s/ In Ku Lee        
Name:    In Ku Lee
Title:    Vice President and Secretary  

    [Signature page to Supplemental Indenture No. 2030-2]

|

Kennedy-Wilson Property Equity VII, LLC

By:    /s/ In Ku Lee        
Name:    In Ku Lee
Title:    Vice President and Secretary  

KW Multifamily 2021, LLC

By: KW Multifamily Co-Invest Manager 2021, LLC, a Delaware limited liability company, its managing member

By:    /s/ In Ku Lee        
Name:    In Ku Lee 
Title:    Vice President 

KW San Vicente Bungalows and Hotel 850, LLC

By:    /s/ In Ku Lee        
Name:    In Ku Lee
Title:    Vice President and Secretary  

    [Signature page to Supplemental Indenture No. 2030-2]

|

KW Arista Uptown, LLC

By:    /s/ In Ku Lee        
Name:    In Ku Lee
Title:    Vice President and Secretary  

KW Silver Lake Pool & Inn, LLC

By:    /s/ In Ku Lee        
Name:    In Ku Lee
Title:    Vice President and Secretary  

KW Encinitas Beach Resort

By:    /s/ In Ku Lee            
Name:    In Ku Lee
Title:    Vice President and Secretary  

KW Multifamily 2022, LLC

By:    /s/ In Ku Lee        
Name:    In Ku Lee
Title:    Vice President and Secretary  

    [Signature page to Supplemental Indenture No. 2030-2]

|

KW-G Multifamily Venture 2 Manager, LLC

By:    /s/ In Ku Lee        
Name:    In Ku Lee
Title:    Vice President and Secretary  

KW-G Multifamily Co-Invest, LLC

By:    /s/ In Ku Lee        
Name:    In Ku Lee
Title:    Vice President and Secretary  

KW MetWest on Sunset, LLC

By:    /s/ In Ku Lee        
Name:    In Ku Lee
Title:    Vice President and Secretary  

KW Park on 20th, LLC

By:    /s/ In Ku Lee        
Name:    In Ku Lee
Title:    Vice President and Secretary  

    [Signature page to Supplemental Indenture No. 2030-2]

|

KW San Mateo ABQ, LLC

By:    /s/ In Ku Lee        
Name:    In Ku Lee
Title:    Vice President and Secretary  

KW Timbers Kauai Ocean Club, LLC

By:    /s/ In Ku Lee        
Name:    In Ku Lee
Title:    Vice President and Secretary  

KW Westmoor 7, LLC

By: /s/ In Ku Lee        
Name:    In Ku Lee
Title:    Vice President and Secretary  

KW Westmoor 8-10, LLC

By:    /s/ In Ku Lee        
Name:    In Ku Lee
Title:    Vice President and Secretary  
    [Signature page to Supplemental Indenture No. 2030-2]

|

KW Coppins Well Member, LLC

By:    /s/ In Ku Lee        
Name:    In Ku Lee
Title:    Vice President and Secretary  

    [Signature page to Supplemental Indenture No. 2030-2]

|

 

Wilmington Trust, National Association, as Trustee

By:    /s/Jane Schweiger        
Name:    Jane Schweiger
    Title: Vice President

    [Signature page to Supplemental Indenture No. 2030-2]

|Document

Exhibit 10.1
Execution Copy

JOINDER AGREEMENT 
JOINDER AGREEMENT, dated as of May 12, 2022 (this “Joinder Agreement”), made by the Subsidiaries signatory hereto (each, a “New Guarantor”) in favor of Bank of America, N.A., as administrative agent (in such capacity, together with its successors and assigns, the “Administrative Agent”) for the Lenders referred to in that certain Second Amended and Restated Credit Agreement, dated as of March 25, 2020 (as amended, restated, amended and restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement;” the terms defined therein being used herein as therein defined), among Kennedy-Wilson, Inc., a Delaware corporation (the “Parent Borrower”), the Designated Borrowers from time to time party thereto, Kennedy-Wilson Holdings, Inc. and certain of its subsidiaries from time to time party thereto as guarantors, the Lenders from time to time party thereto, Bank of America, N.A., as Administrative Agent, and Bank of America, N.A. and JPMorgan Chase Bank, N.A., as L/C Issuers.
1.Each New Guarantor hereby acknowledges that it has received and reviewed a copy of the Credit Agreement, and acknowledges and agrees to:
(a)join the Credit Agreement as a Guarantor, as indicated with its signature below;
(b)be bound by all covenants, agreements and acknowledgments attributable to a Guarantor in the Credit Agreement; and
(c)perform all obligations and duties required of it by the Credit Agreement.
2.Each New Guarantor represents and warrants that the representations and warranties contained in Article V of the Credit Agreement as they relate to such New Guarantor or which are contained in any other Loan Document under or in connection herewith are true and correct in all material respects on and as of the date hereof, except (i) to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date, (ii) any representation or warranty that is already by its terms qualified as to “materiality”, “Material Adverse Effect” or similar language shall be true and correct in all respects as of such applicable date (including such earlier date set forth in the foregoing clause (i)) after giving effect to such qualification and (iii) that for purposes of this certification, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01.
3.The name, type of organization, jurisdiction of incorporation or organization and taxpayer identification number (or, in the case of a Foreign Subsidiary, the true and correct unique identification number that has been issued to such Foreign Subsidiary by its jurisdiction of organization, if any) of each New Guarantor is set forth in Annex I to this Joinder Agreement.
4.This Joinder Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single agreement.
5.Except as expressly supplemented hereby, the Credit Agreement and the Guaranty shall remain in full force and effect.
6.THIS JOINDER AGREEMENT AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS JOINDER 

AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
[Signature Page Follows]

    IN WITNESS WHEREOF, each of the undersigned has caused this Joinder Agreement to be duly executed and delivered by its proper and duly authorized officer as of the day and year first above written.

KW EU CAPITAL LLC
KW ETHOS COMMUNITY, LLC
KW ONE TEN PLAZA, LLC
KW ZIA SUNNYSIDE, LLC
KW BEND QOF, LLC
KW THE CHARLI, LLC
KW THE OLIVE, LLC
KW-G MULTIFAMILY VENTURE 1 MANAGER, LLC
KW MW COTTONWOOD, LLC
KENNEDY WILSON PROPERTY SERVICES VII, LLC
KENNEDY WILSON PROPERTY EQUITY VII, LLC
KW MULTIFAMILY 2021, LLC
KW SAN VICENTE BUNGALOWS AND HOTEL 850, LLC
KW ARISTA UPTOWN, LLC
KW SILVER LAKE POOL & INN, LLC
KW ENCINITAS BEACH RESORT, LLC
KW MULTIFAMILY 2022, LLC
KW – G MULTIFAMILY VENTURE 2 MANAGER, LLC
KW – G MULTIFAMILY CO-INVEST, LLC
KW METWEST ON SUNSET, LLC
KW PARK ON 20TH, LLC
KW SAN MATEO ABQ, LLC
KW TIMBERS KAUAI OCEAN CLUB LLC
KW WESTMOOR 7, LLC
KW WESTMOOR 8-10, LLC
KW COPPINS WELL MEMBER, LLC

each as a New Guarantor 

By:   /s/ In Ku Lee    
Name:  In Ku Lee
Title:    Vice President

[Signature Page to Joinder Agreement]

ACKNOWLEDGED AND AGREED TO: 
BANK OF AMERICA, N.A.,
as Administrative Agent

By:    /s/ Felicia Brinson    
Name:  Felicia Brinson
Title:    Assistant Vice President

[Signature Page to Joinder Agreement]

KENNEDY-WILSON, INC.,
as the Parent Borrower

By:    /s/ Kent Mouton    
Name:  Kent Mouton
Title:    Vice President

ANNEX I
TO JOINDER AGREEMENT

															
		Name of
Guarantor	Type of Organization	Jurisdiction of Organization	Taxpayer ID/
Identification Number
	1.
	KW EU Capital LLC	limited liability company	Delaware	84-3804194
	2.	KW ETHOS COMMUNITY, LLC	limited liability company	Delaware	84-3920192
	3.	KW ONE TEN PLAZA, LLC	limited liability company	Delaware	84-3938070
	4.	KW ZIA SUNNYSIDE, LLC	limited liability company	Delaware	84-3938194
	5.	KW Bend QOF, LLC	limited liability company	Delaware	84-3954252
	6.	KW THE CHARLI, LLC	limited liability company	Delaware	81-2011272
	7.	KW THE OLIVE, LLC	limited liability company	Delaware	46-1595222
	8.	KW-G Multifamily Venture 1 Manager, LLC	limited liability company	Delaware	46-3916358
	9.	KW MW Cottonwood, LLC	limited liability company	Delaware	86-2558356

															
	10.	Kennedy Wilson Property Services VII, LLC	limited liability company	Delaware	87-2835572
	11.	Kennedy Wilson Property Equity VII, LLC	limited liability company	Delaware	87-3491095
	12.	KW Multifamily 2021, LLC	limited liability company	Delaware	87-3525892
	13.	KW San Vicente Bungalows and Hotel 850, LLC	limited liability company	Delaware	87-3629074
	14.	KW Arista Uptown, LLC	limited liability company	Delaware	87-1916689
	15.	KW Silver Lake Pool & Inn, LLC	limited liability company	Delaware	87-1986278
	16.	KW Encinitas Beach Resort, LLC	limited liability company	Delaware	87-4414428
	17.	KW Multifamily 2022, LLC	limited liability company	Delaware	87-4331530
	18.	KW - G Multifamily Venture 2 Manager, LLC	limited liability company	Delaware	87-4069184
	19.	KW-G Multifamily Co-Invest, LLC	limited liability company	Delaware	87-3931486
	20.	KW MetWest on Sunset, LLC	limited liability company	Delaware	87-3849099

															
	21.	KW Park on 20th, LLC	limited liability company	Delaware	87-4826667
	22.	KW San Mateo ABQ, LLC	limited liability company	Delaware	88-0565060
	23.	KW Timbers Kauai Ocean Club LLC	limited liability company	Delaware	88-0651275
	24.	KW Westmoor 7, LLC	limited liability company	Delaware	20-0315687
	25.	KW Westmoor 8-10, LLC	limited liability company	Delaware	20-0315687
	26.	KW COPPINS WELL MEMBER, LLC	limited liability company	Delaware	87-4150053

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