Document:

EX-4.2

 Exhibit 4.2 
 REGISTRATION RIGHTS AGREEMENT 
 REGISTERED EXCHANGE OFFER 

NCL CORPORATION LTD. 

 $300,000,000 5.00% Senior Notes due 2018 

REGISTRATION RIGHTS AGREEMENT 
 February 6, 2013 
 DEUTSCHE BANK SECURITIES INC. 

As Representative of the Initial Purchasers 
 c/o Deutsche Bank Securities Inc. 
 60 Wall Street 

New York, New York 10005 
 Ladies and Gentlemen:

 NCL Corporation Ltd., a Bermuda company (the “Issuer”), proposes to issue and sell to Deutsche Bank
Securities Inc., Barclays Capital Inc., J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., DNB Markets, Inc., Goldman, Sachs & Co., HSBC Securities (USA) Inc., UBS Securities LLC, Nordea Bank
Danmark A/S, Apollo Global Securities, LLC and TPG Capital BD, LLC (each, an “Initial Purchaser” and together, the “Initial Purchasers”) $300,000,000 aggregate principal amount of its 5.00% Senior Notes due 2018
(the “Securities”) upon the terms set forth in the Purchase Agreement between the Issuer and the Initial Purchasers, dated February 1, 2013 (the “Purchase Agreement”), relating to the initial placement (the
“Initial Placement”) of the Securities. To induce the Initial Purchasers to enter into the Purchase Agreement and to satisfy a condition to the Initial Purchasers’ obligations thereunder, the Issuer agrees with you (the
“Representative”) for your benefit and the benefit of the holders from time to time of the Securities (including the Initial Purchasers) (each a “Holder” and, collectively, the “Holders”), as
follows: 
 1. Definitions. Capitalized terms used in this Registration Rights Agreement (this
“Agreement”) without definition shall have their respective meanings set forth in the Purchase Agreement. As used in this Agreement, the following terms shall have the following meanings: 

“Act” shall mean the Securities Act of 1933, as amended, and the rules and regulations of the Commission
promulgated thereunder. 
 “Additional Interest” shall have the meaning set forth in
Section 8 hereof. 

  
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 “Affiliate” shall have the meaning specified in Rule 405
under the Act and the term “controlling” shall have a meaning correlative thereto. 

“Broker-Dealer” shall mean any broker or dealer registered as such under the Exchange Act. 

“Business Day” shall mean a day other than a Saturday, a Sunday or a legal holiday or day on which
commercial banking institutions or trust companies are authorized or required by law to close in New York City. 

“Closing Date” shall mean the date of the first issuance of the Securities. 

“Commission” shall mean the Securities and Exchange Commission. 

“Deferral Period” shall have the meaning set forth in Section 4(k)(ii) hereof. 

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, and the rules and regulations
of the Commission promulgated thereunder. 
 “Exchange Date” shall mean the date that is the
later of (x) 365 days after the date hereof or (y) the 40th day after the effectiveness of the Exchange Offer Registration Statement. 
 “Exchange Offer Registration Period” shall mean the period of 180 days following the consummation of the Registered Exchange Offer, exclusive of any period during which any stop order
shall be in effect suspending the effectiveness of the Exchange Offer Registration Statement. 

“Exchange Offer Registration Statement” shall mean a registration statement of the Issuer on an
appropriate form under the Act with respect to the Registered Exchange Offer, all amendments and supplements to such registration statement, including post-effective amendments thereto, in each case including the Prospectus contained therein, all
exhibits thereto and all material incorporated by reference therein. 
 “Exchanging Dealer”
shall mean any Holder (which may include any Initial Purchaser) that is a Broker-Dealer and elects to exchange for New Securities any Securities that it acquired for its own account as a result of market-making activities or other trading activities
(but not directly from the Issuer or any Affiliate of the Issuer) for New Securities. 
 “Final
Memorandum” shall mean the final offering memorandum, dated February 1, 2013, relating to the Securities, including any and all exhibits thereto and any information incorporated by reference therein as of such date. 

“FINRA Rules” shall mean the Conduct Rules and the By-laws of the Financial Industry Regulatory
Authority. 

  
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 “Holder” shall have the meaning set forth in the preamble
hereto. 
 “Indenture” shall mean that certain Indenture, dated as of February 6, 2013,
between the Issuer and U.S. Bank National Association, as trustee, as the same may be amended from time to time in accordance with the terms thereof. 
 “Initial Placement” shall have the meaning set forth in the preamble hereto. 
 “Initial Purchaser” shall have the meaning set forth in the preamble hereto. 
 “Losses” shall have the meaning set forth in Section 6(d) hereof. 
 “Majority Holders” shall mean, on any date, Holders of a majority of the aggregate principal amount of Securities and New Securities registered under a Registration Statement. 

“Managing Underwriter” shall mean the investment banker or investment bankers and manager or managers who
administer an underwritten offering, if any, under a Registration Statement. 
 “New Securities”
shall mean debt securities of the Issuer, in each case identical in all material respects to the Securities (except that the transfer restrictions shall be modified or eliminated, as appropriate) to be issued under the New Securities Indenture.

 “New Securities Indenture” shall mean the Indenture or an indenture between the Issuer and
the New Securities Trustee, identical in all material respects to the Indenture (except that (i) the New Securities shall contain no restrictive legend thereon, (ii) interest thereon shall accrue from the last date on which interest was
paid on such Securities or, if no such interest has been paid, from the Closing Date and (iii) which are entitled to the benefits of the Indenture or a trust indenture which is identical in all material respects to the Indenture (other than
such changes to the Indenture or any such identical trust indenture as are necessary to comply with the TIA) and which, in either case, has been qualified under the Trust Indenture Act), which may be the Indenture if in the terms thereof appropriate
provision is made for the New Securities. 
 “New Securities Trustee” shall mean the Trustee or
a bank or trust company reasonably satisfactory to the Initial Purchasers (determined on the basis of principal amount of Securities purchased from the Issuer), as trustee with respect to the New Securities under the New Securities Indenture.

 “Prospectus” shall mean the prospectus included in any Registration Statement (including,
without limitation, a prospectus that discloses information previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A under the Act), as amended or supplemented by any prospectus
supplement, with respect to the terms of the offering of any portion of the Securities or the New 

  
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Securities covered by such Registration Statement, and all amendments and supplements thereto, including any and all exhibits thereto and any information incorporated by reference therein.

 “Purchase Agreement” shall have the meaning set forth in the preamble hereto. 

“Registered Exchange Offer” shall mean the proposed offer of the Issuer to issue and deliver to the
Holders of the Securities that are not prohibited by any law or policy of the Commission from participating in such offer, in exchange for the Securities, a like aggregate principal amount of the New Securities. 

“Registrable Securities” shall mean (i) Securities other than those that have been registered under
a Registration Statement and disposed of in accordance therewith and (ii) any New Securities the resale of which by the Holder thereof requires compliance with the prospectus delivery requirements of the Act. 

“Registration Statement” shall mean any Exchange Offer Registration Statement or Shelf Registration
Statement that covers any of the Securities or the New Securities pursuant to the provisions of this Agreement, any amendments and supplements to such registration statement, including post-effective amendments (in each case including the Prospectus
contained therein), all exhibits thereto and all material incorporated by reference therein. 

“Securities” shall have the meaning set forth in the preamble hereto. 

“Shelf Registration” shall mean a registration effected pursuant to Section 3 hereof. 

“Shelf Registration Period” shall have the meaning set forth in Section 3(b)(ii) hereof. 

“Shelf Registration Statement” shall mean a “shelf” registration statement of the Issuer
pursuant to the provisions of Section 3 hereof which covers some or all of the Securities or New Securities, as applicable, on an appropriate form under Rule 415 under the Act, or any similar rule that may be adopted by the Commission,
amendments and supplements to such registration statement, including post-effective amendments, in each case including the Prospectus contained therein, all exhibits thereto and all material incorporated by reference therein. 

“Trust Indenture Act” shall mean the Trust Indenture Act of 1939, as amended, and the rules and
regulations of the Commission promulgated thereunder. 
 “Trustee” shall mean the trustee with
respect to the Securities under the Indenture. 

  
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 “underwriter” shall mean any underwriter of Securities in
connection with an offering thereof under a Shelf Registration Statement. 
 2. Registered Exchange Offer. (a) The
Issuer shall prepare and use its commercially reasonable efforts to file with the Commission and cause to become effective the Exchange Offer Registration Statement with respect to the Registered Exchange Offer within 365 days after the Closing
Date. The Issuer shall use its commercially reasonable efforts to cause the Registered Exchange Offer to be completed under the Act by the Exchange Date. 
 (b) Upon the effectiveness of the Exchange Offer Registration Statement, the Issuer shall promptly commence the Registered Exchange Offer, it being the objective of such Registered Exchange Offer to
enable each Holder electing to exchange Securities for New Securities (assuming that such Holder (i) is not an Affiliate of the Issuer, (ii) acquires the New Securities in the ordinary course of such Holder’s business, (iii) has
no arrangements with any person to participate in the distribution of the New Securities, (iv) is not prohibited by any law or policy of the Commission from participating in the Registered Exchange Offer and (v) is not an Initial Purchaser
holding Securities that have the status of an unsold allotment remaining from the initial distribution of the Securities) to trade such New Securities from and after their receipt without any limitations or restrictions under the Act and without
material restrictions under the securities laws of a substantial proportion of the several states of the United States. 
 (c)
In connection with the Registered Exchange Offer, the Issuer shall: 
 (i) mail or cause to be mailed to each
Holder a copy of the Prospectus forming part of the Exchange Offer Registration Statement, together with an appropriate letter of transmittal and related documents; 

(ii) keep the Registered Exchange Offer open for at least 20 Business Days (or longer if required by applicable law) after
the date notice thereof is mailed to the Holders; 
 (iii) use their commercially reasonable efforts to keep the
Exchange Offer Registration Statement continuously effective under the Act, supplemented and amended as required under the Act, to ensure that it is available for sales of New Securities by Exchanging Dealers during the Exchange Offer Registration
Period; 
 (iv) utilize the services of a depositary for the Registered Exchange Offer with an address in the
Borough of Manhattan in New York City which may be the Trustee, the New Securities Trustee or an Affiliate of either of them; 
 (v) permit Holders to withdraw tendered Securities at any time prior to the close of business, New York time, on the last Business Day on which the Registered Exchange Offer is open; 

(vi) prior to effectiveness of the Exchange Offer Registration Statement, provide a supplemental letter to the Commission
(A) stating that the Issuer is conducting the 

  
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Registered Exchange Offer in reliance on the position of the Commission in Exxon Capital Holdings Corporation (pub. avail. May 13, 1988), Morgan Stanley and Co., Inc. (pub.
avail. June 5, 1991) and (B) including a representation that the Issuer has not entered into any arrangement or understanding with any person to distribute the New Securities to be received in the Registered Exchange Offer and that, to the
best of the Issuer’s information and belief, each Holder participating in the Registered Exchange Offer is acquiring the New Securities in the ordinary course of business and has no arrangement or understanding with any person to participate in
the distribution of the New Securities; and 
 (vii) comply in all respects with all laws applicable to the
Registered Exchange Offer. 
 (d) As soon as practicable after the close of the Registered Exchange Offer, the Issuer shall:

 (i) accept for exchange all Securities tendered and not validly withdrawn pursuant to the Registered Exchange
Offer; 
 (ii) deliver to the Trustee for cancellation in accordance with Section 4(r) hereof all Securities
so accepted for exchange; and 
 (iii) cause the New Securities Trustee promptly to authenticate and deliver to
each Holder of Securities a principal amount of New Securities equal to the principal amount of the Securities of such Holder so accepted for exchange. 
 (e) Each Holder hereby acknowledges and agrees that any Broker-Dealer and any such Holder using the Registered Exchange Offer to participate in a distribution of the New Securities (x) could not
under Commission policy as in effect on the date of this Agreement rely on the position of the Commission in Exxon Capital Holdings Corporation (pub. avail. May 13, 1988) and Morgan Stanley and Co., Inc. (pub. avail. June 5,
1991), as interpreted in the Commission’s letter to Shearman & Sterling dated July 2, 1993 and similar no-action letters and (y) must comply with the registration and prospectus delivery requirements of the Act in connection
with any secondary resale transaction, which must be covered by an effective registration statement containing the selling security holder information required by Item 507 or 508, as applicable, of Regulation S-K under the Act if the
resales are of New Securities obtained by such Holder in exchange for Securities acquired by such Holder directly from the Issuer or any Affiliate of the Issuer. Accordingly, each Holder participating in the Registered Exchange Offer shall be
required to represent to the Issuer that, at the time of the consummation of the Registered Exchange Offer: 

(i) any New Securities received by such Holder shall be acquired in the ordinary course of business; 

(ii) such Holder shall have no arrangement or understanding with any person to participate in the distribution within the
meaning of the Act of the Securities or the New Securities; 

  
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 (iii) such Holder is not an Affiliate of the Issuer or, if it is an
Affiliate of the Issuer, it will comply with the registration and prospectus delivery requirements of the Securities Act to the extent applicable and will provide information to be included in the Shelf Registration Statement in accordance with
Section 4 hereof in order to have their Securities included in the Shelf Registration Statement and benefit from the provisions regarding Additional Interest in Section 8 hereof; and 

(iv) if such Holder is an Exchanging Dealer, then such Holder will comply with the applicable provisions of the Securities
Act (including the prospectus delivery requirements thereunder). 
 (f) If any Initial Purchaser determines that it is not
eligible to participate in the Registered Exchange Offer with respect to the exchange of Securities constituting any portion of an unsold allotment, at the request of such Initial Purchaser, the Issuer shall issue and deliver to such Initial
Purchaser or the person purchasing New Securities registered under a Shelf Registration Statement as contemplated by Section 3 hereof from such Initial Purchasers, in exchange for such Securities, a like principal amount of New Securities. The
Issuer shall use its commercially reasonable efforts to cause the CUSIP Service Bureau to issue the same CUSIP number and International Securities Identification Number (“ISIN”) for such New Securities as for New Securities issued
pursuant to the Registered Exchange Offer. 
 3. Shelf Registration. (a) If (i) due to any change in law or
applicable interpretations thereof by the Commission’s staff, the Issuer determines upon advice of its outside counsel that they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof; (ii) for
any other reason the Exchange Offer Registration Statement is not declared effective within 365 days after the Closing Date; (iii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New
Securities in the Registered Exchange Offer and that are held by them following consummation of the Registered Exchange Offer; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer (or
may not resell the New Securities to be acquired by it in the Registered Exchange Offer to the public without delivering a prospectus and the prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such
resales by such Holder); or (v) in the case of the Initial Purchasers that participate in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, an Initial Purchaser does not receive freely tradable New
Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of
Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not “freely tradable;” and (y) the requirement that an Exchanging Dealer
deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities
being not “freely tradable”), the Issuer shall file and use its commercially reasonable efforts to cause to become and keep effective a Shelf Registration Statement in accordance with subsection (b) below;

  
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provided, however, that, unless consented to by the Issuer, no requirement for the Issuer to file or to cause to become and keep effective a Shelf Registration Statement shall arise
with respect to any Securities held by the Sponsors (as defined in the Indenture). 
 (b) (i) The Issuer shall, if required
by subsection (a) above, as promptly as practicable use their commercially reasonable efforts to file with the Commission and shall use its commercially reasonable efforts to cause to be declared effective under the Act by the later of
(A) the 180th day after the date on which the requirement to file such Shelf Registration Statement arises pursuant to subsection (a) above or (B) 365 days after the Closing Date, a Shelf Registration Statement relating to the offer
and sale of the Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided,
however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this
Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Securities constituting any portion of an unsold allotment, the Issuer may, if permitted by
current interpretations by the Commission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K, as applicable, in satisfaction
of their obligations under this subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.

 (ii) The Issuer shall use its commercially reasonable efforts to keep the Shelf Registration Statement continuously
effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period from the date the Shelf Registration Statement is declared effective by the Commission until the
earliest of: (A) the second anniversary of the Closing Date or (B) the date upon which all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration
Statement (in any such case, the “Shelf Registration Period”). The Issuer shall be deemed not to have used its commercially reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period
if it voluntarily takes any action that would result in Holders of Securities covered thereby not being able to offer and sell such Securities at any time during the Shelf Registration Period, unless such action is (x) required by applicable
law or otherwise taken by the Issuer in good faith and for valid business reasons (not including avoidance of the Issuer’s obligations hereunder), including the acquisition or divestiture of assets and (y) permitted pursuant to
Section 4(k)(ii) hereof. 
 (iii) The Issuer shall cause the Shelf Registration Statement and the related Prospectus and
any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act and (B) not to contain
any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein (in the case of the Prospectus, in the light of the circumstances under which they were made)
not misleading. 

  
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 4. Additional Registration Procedures. In connection with any Shelf Registration
Statement and, to the extent applicable, any Exchange Offer Registration Statement, the following provisions shall apply. 
 (a) The Issuer shall: 
 (i) furnish to counsel for the Initial
Purchasers and to counsel for the Holders, not less than two (2) Business Days prior to the filing thereof with the Commission, a copy of any Exchange Offer Registration Statement and any Shelf Registration Statement, and each amendment thereof
and each amendment or supplement, if any, to the Prospectus included therein (including all documents incorporated by reference therein after the initial filing) and shall use their commercially reasonable efforts to reflect in each such document,
when so filed with the Commission, such comments as counsel to the Holders or counsel for the Initial Purchasers reasonably propose; 
 (ii) include the information set forth in Annex A hereto on the facing page of the Exchange Offer Registration Statement, in Annex B hereto in the forepart of the Exchange Offer Registration
Statement in a section setting forth details of the Exchange Offer, in Annex C hereto in the underwriting or plan of distribution section of the Prospectus contained in the Exchange Offer Registration Statement and in Annex D hereto in the
letter of transmittal delivered pursuant to the Registered Exchange Offer; 
 (iii) if requested by an Initial
Purchaser, include the information required by Item 507 or 508, as applicable, of Regulation S-K in the Prospectus contained in the Exchange Offer Registration Statement or Shelf Registration Statement; and 

(iv) in the case of a Shelf Registration Statement, include the names of the Holders that propose to sell Securities
pursuant to the Shelf Registration Statement as selling security holders. 
 (b) The Issuer shall use its
commercially reasonable efforts to ensure that: 
 (i) any Registration Statement and any amendment thereto and
any Prospectus forming part thereof and any amendment or supplement thereto complies in all material respects with the Act; and 
 (ii) any Registration Statement and any amendment thereto does not, when it becomes effective, contain 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. 
 (c) The Issuer shall advise counsel for the
Initial Purchasers, the Holders of Securities covered by any Shelf Registration Statement and any Exchanging Dealer under 

  
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any Exchange Offer Registration Statement that has provided in writing to the Issuer a telephone or facsimile number and address for notices, and, if requested by any Initial Purchaser or any
such Holder or Exchanging Dealer, shall confirm such advice in writing (which notice pursuant to clauses (ii)-(v) hereof shall be accompanied by an instruction to suspend the use of the Prospectus until the Issuer shall have remedied the basis
for such suspension): 
 (i) when a Registration Statement and any amendment thereto has been filed with the
Commission and when the Registration Statement or any post-effective amendment thereto has become effective; 

(ii) of any request by the Commission after the effective date for any amendment or supplement to the Registration
Statement or the Prospectus or for additional information; 
 (iii) of the issuance by the Commission of any stop
order suspending the effectiveness of the Registration Statement or the institution of any proceeding for that purpose; 
 (iv) of the receipt by the Issuer of any notification with respect to the suspension of the qualification of the securities included therein for sale in any jurisdiction or the institution of any
proceeding for such purpose; and 
 (v) of the happening of any event that requires any change in the
Registration Statement or the Prospectus so that, as of such date, they (A) do not contain any untrue statement of a material fact and (B) do not omit to state a material fact required to be stated therein or necessary to make the
statements therein (in the case of the Prospectus, in the light of the circumstances under which they were made) not misleading. 
 (d) The Issuer shall use its commercially reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of any Registration Statement or the qualification of the securities therein
for sale in any jurisdiction. 
 (e) The Issuer shall furnish to each Holder of Securities covered by any Shelf
Registration Statement, without charge, at least one (1) copy of such Shelf Registration Statement and any post-effective amendment thereto, including all material incorporated therein by reference, and, if the Holder so requests in writing,
all exhibits thereto (including exhibits incorporated by reference therein). 
 (f) The Issuer shall, during the
Shelf Registration Period, deliver to each Holder of Securities covered by any Shelf Registration Statement, without charge, as many copies of the Prospectus (including the Preliminary Prospectus) included in such Shelf Registration Statement and
any amendment or supplement thereto as such Holder may reasonably request. The Issuer consents to the use of the Prospectus or any amendment 

  
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or supplement thereto by each of the selling Holders of Securities in connection with the offering and sale of the Securities covered by the Prospectus, or any amendment or supplement thereto,
included in the Shelf Registration Statement. 
 (g) The Issuer shall furnish to each Exchanging Dealer which so
requests, without charge, at least one (1) conformed copy of the Exchange Offer Registration Statement and any post-effective amendments thereto, including all material incorporated by reference therein, and, if the Exchanging Dealer so
requests in writing, all exhibits thereto (including exhibits incorporated by reference therein). 
 (h) The
Issuer shall promptly deliver to each Initial Purchaser, each Exchanging Dealer and each other person required to deliver a Prospectus during the Exchange Offer Registration Period, without charge, as many copies of the Prospectus included in such
Exchange Offer Registration Statement and any amendments or supplements thereto as any such person may reasonably request. The Issuer consents to the use of the Prospectus or any amendments or supplements thereto by any Initial Purchaser, any
Exchanging Dealer and any such other person that may be required to deliver a Prospectus following the Registered Exchange Offer in connection with the offering and sale of the New Securities covered by the Prospectus, or any amendment or supplement
thereto, included in the Exchange Offer Registration Statement. 
 (i) Prior to the Registered Exchange Offer or
any other offering of Securities pursuant to any Registration Statement, the Issuer shall arrange, if necessary, for the registration or qualification of the Securities or the New Securities for sale under the laws of such jurisdictions as any
Holder shall reasonably request and shall maintain such qualification in effect so long as required; provided that in no event shall the Issuer be obligated to qualify to do business in any jurisdiction where it is not then so qualified or to
take any action that would subject it to service of process in suits, other than those arising out of the Initial Placement, the Registered Exchange Offer or any offering pursuant to a Shelf Registration Statement, in any such jurisdiction where it
is not then so subject or to subject itself to taxation in excess of a nominal amount in respect of doing business in such jurisdiction. 
 (j) The Issuer shall cooperate with the Holders of Securities to facilitate the timely preparation and delivery of certificates representing New Securities or Securities to be issued or sold pursuant to
any Registration Statement free of any restrictive legends and in such denominations and registered in such names as Holders may request in writing at least three (3) Business Days prior to the closing date of any sales of New Securities.

 (k) (i) Upon the occurrence of any event contemplated by subsections (c) (ii) through
(v) above, the Issuer shall promptly (or within the time period provided for by clause (ii) hereof, if applicable) prepare a post-effective amendment to the applicable Registration Statement or an amendment or supplement to the related
Prospectus or file any other required document so that, as thereafter delivered to the Initial Purchasers of 

  
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the Securities included therein, the Prospectus shall not include an 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. In such circumstances, the period of effectiveness of the Exchange Offer Registration Statement provided for in Section 2 hereof shall be extended
by the number of days from and including the date of the giving of a notice of suspension pursuant to Section 4(c) hereof to and including the date when the Initial Purchasers, the Holders of the Securities and any known Exchanging Dealer shall
have received such amended or supplemented Prospectus pursuant to this Section 4(k). 
 (ii) Upon the
occurrence or existence of any pending corporate development or any other material event that, in the reasonable judgment of the Issuer, makes it appropriate to suspend the availability of a Shelf Registration Statement and the related Prospectus,
the Issuer shall give notice (without notice of the nature or details of such events) to the Holders that the availability of the Shelf Registration is suspended and, upon actual receipt of any such notice, each Holder agrees not to sell any
Registrable Securities pursuant to the Shelf Registration until such Holder’s receipt of copies of the supplemented or amended Prospectus provided for in Section 3(a)(i) hereof, or until it is advised in writing by the Issuer that the
Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The period during which the availability of the Shelf Registration and any
Prospectus is suspended (the “Deferral Period”) (1) shall not exceed 60 consecutive days, (2) shall not occur more than three (3) times during any calendar year and (3) shall extend the number of days the Shelf
Registration or any Prospectus is available by an amount equal to the Deferral Period. Any Additional Interest payable pursuant to Section 8(a)(iii) shall cease to accrue during any Deferral Period. 

(l) Not later than the effective date of any Registration Statement, the Issuer shall provide a CUSIP number and ISIN for
the Securities or the New Securities, as the case may be, registered under such Registration Statement, and provide the Trustee with printed certificates for such Securities or New Securities, in a form eligible for deposit with The Depository Trust
Company. 
 (m) The Issuer shall comply in all material respects with all applicable rules and regulations of the
Commission and shall make generally available to their security holders earning statements satisfying the provisions of Section 11(a) of the Act as soon as practicable after the effective date of the applicable Registration Statement.

 (n) The Issuer shall cause the New Securities Indenture to be qualified under the Trust Indenture Act as
required by applicable law in a timely manner. 
 (o) The Issuer may require each Holder of Securities to be sold
pursuant to any Shelf Registration Statement to furnish to the Issuer such information regarding the Holder and the distribution of such Securities as the Issuer may from time to time reasonably require for inclusion in such Registration Statement.
The Issuer may exclude from such Shelf Registration Statement the Securities of any Holder that fails to furnish such information within a reasonable time after receiving such request. 

  
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 (p) In the case of any Shelf Registration Statement, upon the request of the
Majority Holders, the Issuer shall enter into customary agreements (including, if requested, one underwriting agreement in customary form) and take all other appropriate actions, if any, as the Majority Holders shall reasonably request in order to
expedite or facilitate the registration or the disposition of the Securities, and in connection therewith, if an underwriting agreement is entered into, cause the same to contain indemnification provisions and procedures no less favorable than those
set forth in Section 6 hereof. 
 (q) In the case of any Shelf Registration Statement, the Issuer shall:

 (i) make reasonably available for inspection at a location where they are normally kept and during normal
business hours by the Majority Holders of Securities to be registered thereunder, any underwriter participating in any disposition pursuant to such Registration Statement and any attorney, accountant or other agent retained by such Holders or any
such underwriter all relevant financial and other records and pertinent corporate documents of the Issuer and its respective subsidiaries; 
 (ii) use their commercially reasonable efforts to cause their officers, directors, employees, accountants and auditors to supply all relevant information reasonably requested by the Holders or any such
underwriter, attorney, accountant or agent (each, an “Inspector”) in connection with any such Registration Statement as is customary for similar due diligence examinations; provided, however, that such Inspector shall
first agree in writing with the Issuer that any information that is reasonably and in good faith designated by the Issuer in writing as confidential at the time of delivery of such information shall be kept confidential by such Inspector, unless
(1) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (2) disclosure of such information is required by law (including any disclosure requirements
pursuant to federal securities laws in connection with the filing of such Registration Statement or the use of any Prospectus), (3) such information becomes generally available to the public other than as a result of a disclosure or failure to
safeguard such information by such person or (4) such information becomes available to such Inspector from a source other than the Issuer and such source is not known, after due inquiry, by the relevant Holder to be bound by a confidentiality
agreement or is not otherwise under a duty of trust to the Issuer; 
 (iii) make such representations and
warranties to the Holders of Securities registered thereunder and the underwriters, if any, in form, substance and scope as are customarily made by issuers to underwriters in primary underwritten offerings; 

  
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 (iv) obtain opinions of counsel to the Issuer and updates thereof (which
counsel and opinions (in form, scope and substance) shall be reasonably satisfactory to the Managing Underwriter, if any) addressed to each selling Holder and the underwriters, if any, covering such matters as are customarily covered in opinions
requested in underwritten offerings and such other matters as may be reasonably requested by such Holders and underwriters; 
 (v) obtain “comfort” letters and updates thereof from the independent certified public accountants of the Issuer (and, if necessary, any other independent certified public accountants of any
subsidiary of the Issuer or of any business acquired by the Issuer for which financial statements and financial data are, or are required to be, included in the Registration Statement), addressed to each selling Holder of Securities registered
thereunder and the underwriters, if any, in customary form and covering matters of the type customarily covered in “comfort” letters in connection with primary underwritten offerings; 

(vi) deliver such documents and certificates as may be reasonably requested by the Majority Holders or the Managing
Underwriter, if any, including those to evidence compliance with Section 4(k) hereof and with any customary conditions contained in the underwriting agreement or other agreement entered into by the Issuer; and 

(vii) cooperate with each seller of Registrable Securities covered by any Shelf Registration Statement and each
underwriter, if any, participating in the disposition of such Registrable Securities and their respective counsel in connection with any filings required to be made pursuant to the FINRA Rules 

(r) If a Registered Exchange Offer is to be consummated, upon delivery of the Securities by Holders to the Issuer (or to
such other person as directed by the Issuer) in exchange for the New Securities, the Issuer shall mark, or caused to be marked, on the Securities so exchanged that such Securities are being cancelled in exchange for the New Securities. In no event
shall the Securities be marked as paid or otherwise satisfied. 
 (s) The Issuer shall use its commercially
reasonable efforts to take all other steps necessary to effect the registration of the Securities or the New Securities, as the case may be, covered by a Registration Statement. 

If any such Registration Statement refers to any Holder by name or otherwise as the holder of any securities of the Issuer, then such
Holder shall have the right to require (i) the insertion therein of language, in form and substance reasonably satisfactory to such Holder, to the effect that the holding by such Holder of such securities is not to be construed as a
recommendation by such Holder of the investment quality of the securities covered thereby and that such holding does not imply that such Holder will assist in meeting any future financial requirements of the Issuer, or (ii) in the event that
such reference to such Holder by name or otherwise is not required by the Securities Act or any similar federal statute then in force, the deletion of the reference to such Holder in any amendment or supplement to the Registration Statement filed or
prepared subsequent to the time that such reference ceases to be required. 

  
 -15-

 5. Registration Expenses. The Issuer shall bear all expenses incurred in connection
with the performance of their obligations under Sections 2, 3 and 4 hereof and, in the event of any Shelf Registration Statement, shall reimburse the Holders for the reasonable fees and disbursements of one firm or counsel (which shall
initially be Cahill Gordon & Reindel LLP, but which may be another nationally recognized law firm experienced in securities matters designated by the Majority Holders) to act as counsel for the Holders in connection
therewith, and, in the case of any Exchange Offer Registration Statement, shall reimburse the Initial Purchasers for the reasonable fees and disbursements of counsel acting in connection therewith, in each case which counsel shall be approved by the
Issuer (such approval not to be unreasonably withheld). Each Holder shall pay all expenses of its counsel other than as set forth in the preceding sentence, underwriting discounts and commissions and transfer taxes, if any, relating to the sale or
disposition of such Holder’s Securities or New Securities. 
 6. Indemnification and Contribution. (a) The
Issuer agrees to indemnify and hold harmless each Holder of Securities or New Securities, as the case may be, covered by any Registration Statement, each Initial Purchaser and each Affiliate thereof and, with respect to any Prospectus delivery as
contemplated in Section 4(h) hereof, each Exchanging Dealer, the directors, officers and Affiliates of each such Holder, Initial Purchaser or Exchanging Dealer and each person who controls any such Holder, Initial Purchaser or Exchanging Dealer
within the meaning of either the Act or the Exchange Act against any and all losses, claims, damages or liabilities, joint or several, to which they or any of them may become subject under the Act, the Exchange Act or other federal or state
statutory law or regulation, at common law or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of a material fact
contained in any Registration Statement as originally filed or in any amendment thereof, or in any preliminary Prospectus or the Prospectus, or in any amendment thereof or supplement thereto, or arise out of or are based upon the omission or alleged
omission to state therein a material fact required to be stated therein or necessary to make the statements therein (in the case of any preliminary Prospectus or the Prospectus, in the light of the circumstances under which they were made) not
misleading, and agree (subject to the limitations set forth in the proviso to this sentence) to reimburse each such indemnified party, as incurred, for any legal or other expenses reasonably incurred by them in connection with investigating or
defending any such loss, claim, damage, liability or action; provided, however, that the Issuer shall not be liable in any such case to the extent that any such loss, claim, damage or liability arises out of or is based upon any such
untrue statement or alleged untrue statement or omission or alleged omission made therein in reliance upon and in conformity with written information furnished to the Issuer by or on behalf of the party claiming indemnification specifically for
inclusion therein. This indemnity agreement shall be in addition to any liability that the Issuer may otherwise have. The Issuer shall not be liable under this Section 6 to any indemnified party regarding any settlement or compromise or consent
to the entry of any judgment with respect to any pending or threatened claim, action, suit or proceeding in respect of which indemnification or contribution may be sought hereunder (whether or not the

  
 -16-

 
indemnified parties are actual or potential parties to such claim or action) unless such settlement, compromise or consent is consented to by the Issuer which consent shall not be unreasonably
withheld. 
 (b) Each Holder of securities covered by a Registration Statement (including each Initial Purchaser that is a
Holder, in such capacity) severally and not jointly agrees to indemnify and hold harmless the Issuer and each of their respective directors, each of their respective officers who signs such Registration Statement and each person who controls the
Issuer within the meaning of either the Act or the Exchange Act, to the same extent as the foregoing indemnity from the Issuer to each such Holder, but only with reference to written information relating to such Holder furnished to the Issuer by or
on behalf of such Holder specifically for inclusion in the documents referred to in the foregoing indemnity. This indemnity agreement shall be in addition to any liability that any such Holder may otherwise have. 

(c) Promptly after receipt by an indemnified party under this Section 6 of notice of the commencement of any action, such
indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under this Section 6, notify the indemnifying party in writing of the commencement thereof; but the failure to so notify the indemnifying party
(i) shall not relieve it from liability under paragraph (a) or (b) of this Section 6 unless and to the extent it did not otherwise learn of such action and such failure results in the forfeiture by the indemnifying party of
substantial rights and defenses and (ii) will not, in any event, relieve the indemnifying party from any obligations to any indemnified party other than the indemnification obligation provided in paragraph (a) or (b) of this
Section 6, except as provided in paragraph (d) below. The indemnifying party shall be entitled to appoint counsel (including local counsel) of the indemnifying party’s choice at the indemnifying party’s expense to represent the
indemnified party in any action for which indemnification is sought (in which case the indemnifying party shall not thereafter be responsible for the fees and expenses of any separate counsel, other than local counsel if not appointed by the
indemnifying party, retained by the indemnified party or parties except as set forth below); provided, however, that such counsel shall be reasonably satisfactory to the indemnified party. Notwithstanding the indemnifying party’s
election to appoint counsel (including local counsel) to represent the indemnified party in an action, the indemnified party shall have the right to employ separate counsel (including local counsel), and the indemnifying party shall bear the
reasonable fees, costs and expenses of such separate counsel if (i) the use of counsel chosen by the indemnifying party to represent the indemnified party would present such counsel with a conflict of interest (based on the advice of counsel to
the indemnified person), (ii) such action includes both the indemnified party and the indemnifying party and the indemnified party shall have reasonably concluded (based on the advice of counsel to the indemnified person) that there may be
legal defenses available to it and/or other indemnified parties that are different from or additional to those available to the indemnifying party, (iii) the indemnifying party shall not have employed counsel reasonably satisfactory to the
indemnified party to represent the indemnified party within a reasonable time after notice of the institution of such action or (iv) the indemnifying party shall authorize the indemnified party to employ separate counsel at the expense of the
indemnifying party. It is understood and agreed that the indemnifying person shall not, in connection with any proceeding or related proceeding in the same jurisdiction, 

  
 -17-

 
be liable for the reasonable fees and expenses of more than one separate firm (in addition to any local counsel) for all indemnified persons. Any such separate firm for any Initial Purchaser, its
affiliates, directors and officers and any control persons of such Initial Purchaser shall be designated in writing by Deutsche Bank Securities Inc. and any such separate firm for the Issuer, and any control persons of the Issuer shall be designated
in writing by the Issuer. An indemnifying party shall not, without the prior written consent of the indemnified parties, settle or compromise or consent to the entry of any judgment with respect to any pending or threatened claim, action, suit or
proceeding in respect of which indemnification or contribution may be sought hereunder (whether or not the indemnified parties are actual or potential parties to such claim or action) unless such settlement, compromise or consent includes an
unconditional release of each indemnified party from all liability arising out of such claim, action, suit or proceeding and does not include any statement as to, or any concession of, fault, culpability or failure to act by or on behalf of any
indemnified party. 
 (d) In the event that the indemnity provided in paragraph (a) or (b) of this Section 6 is
unavailable to or insufficient to hold harmless an indemnified party in the respect of any aggregate losses, claims, damages and liabilities (including legal or other expenses reasonably incurred in connection with investigating or defending any
loss, claim, liability, damage or action) (collectively “Losses”) (other than by virtue of the failure of an indemnified party to notify the indemnifying party of its right to indemnification pursuant to paragraph (a) or
(b) of this Section 6, where such failure materially prejudices the indemnifying party (through the forfeiture of substantial rights or defenses)), each indemnifying party, in order to provide for just and equitable contribution, shall
contribute to the amount paid or payable by such indemnified party as a result of such Losses, in such proportion as is appropriate to reflect the relative benefits received by such indemnifying party, on the one hand, and such indemnified party, on
the other hand, from the Initial Placement and the Registration Statement which resulted in such Losses; provided, however, that in no case shall any Initial Purchaser be responsible, in the aggregate, for any amount in excess of the
purchase discount or commission applicable to such Security, or in the case of a New Security, applicable to the Security that was exchangeable into such New Security, as set forth in the Purchase Agreement, nor shall any underwriter be responsible
for any amount in excess of the underwriting discount or commission applicable to the securities purchased by such underwriter under the Registration Statement which resulted in such Losses nor shall a Holder be required to contribute any amount in
excess of the amount by which the total price at which the Securities or New Securities sold by such Holder exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or
omission or alleged omission. If the allocation provided by the immediately preceding sentence is unavailable for any reason or not permitted by applicable law, the indemnifying party and the indemnified party shall contribute in such proportion as
is appropriate to reflect not only such relative benefits but also the relative fault of such indemnifying party, on the one hand, and such indemnified party, on the other hand, in connection with the statements or omissions which resulted in such
Losses as well as any other relevant equitable considerations. Benefits received by the Issuer shall be deemed to be equal to the total net proceeds from the Initial Placement (before deducting expenses) as set forth in the Final Memorandum.
Benefits received by the Initial Purchasers shall be deemed to be equal to the total purchase discounts and 

  
 -18-

 
commissions as set forth in the Purchase Agreement, and benefits received by any other Holders shall be deemed to be equal to the value of receiving Securities or New Securities, as applicable,
registered under the Act. Benefits received by any underwriter shall be deemed to be equal to the total underwriting discounts and commissions, as set forth on the cover page of the Prospectus forming a part of the Registration Statement which
resulted in such Losses. Relative fault shall be determined by reference to, among other things, whether any untrue or any alleged untrue statement of a material fact or omission or alleged omission to state a material fact relates to information
provided by the indemnifying party, on the one hand, or by the indemnified party, on the other hand, the intent of the parties and their relative knowledge, access to information and opportunity to correct or prevent such untrue statement or
omission and any other equitable considerations appropriate in the circumstances. The parties agree that it would not be just and equitable if the amount of such contribution were determined by pro rata allocation (even if the Holders were treated
as one entity for such purpose) or any other method of allocation which does not take account of the equitable considerations referred to above. Notwithstanding the provisions of this paragraph 6(d), no person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. For purposes of this Section 6(d), each person, if any, who
controls a Holder within the meaning of either the Act or the Exchange Act and each director and officer of such Holder shall have the same rights to contribution as such Holder, and each person who controls the Issuer within the meaning of either
the Act or the Exchange Act, each officer of the Issuer who shall have signed the Registration Statement and each director of the Issuer shall have the same rights to contribution as the Issuer, subject in each case to the applicable terms and
conditions of this paragraph 6(d). 
 (e) The provisions of this Section 6 shall remain in full force and effect,
regardless of any investigation made by or on behalf of any Holder or the Issuer or any of the indemnified persons referred to in this Section 6, and shall survive the sale by a Holder of securities covered by a Registration Statement.

 7. Underwritten Registrations. (a) If any of the Securities or New Securities, as the case may be, covered by any
Shelf Registration Statement are to be sold in an underwritten offering, the Managing Underwriters, if any, shall be selected by the Majority Holders, subject to the consent of the Issuer (which shall not be unreasonably withheld), and the Holders
of Securities or New Securities covered by such Shelf Registration Statement shall be responsible for all underwriting commissions and discounts. 
 (b) No person may participate in any underwritten offering pursuant to any Shelf Registration Statement, unless such person (i) agrees to sell such person’s Securities or New Securities, as the
case may be, on the basis reasonably provided in any underwriting arrangements approved by the persons entitled hereunder to approve such arrangements and (ii) completes and executes all questionnaires, powers of attorney, indemnities,
underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements. 

  
 -19-

 8. Registration Defaults. (a) If any of the following events shall occur, then
the Issuer shall pay increased interest (“Additional Interest”) to the Holders of Securities in respect of the Securities as follows: 
 (i) if (x) the Exchange Offer Registration Statement is not declared effective by the Commission within 365 days after the Closing Date, (y) the Registered Exchange Offer is not completed by the
Exchange Date, or (z) if required, the Shelf Registration Statement is not declared effective by the Commission by the later of (A) the 180th day after the date on which the requirement to file such Shelf Registration Statement arises
pursuant to Section 3(a) or (B) 365 days after the Closing Date, then Additional Interest shall accrue on the Registrable Securities at a rate of 0.25% per annum on the principal amount of such Registrable Securities for the first 90
days from and including such specified date and increasing by an additional 0.25% per annum at the beginning of each subsequent 90-day period thereafter; provided that Additional Interest in the aggregate under this Section 8 may
not exceed 1.0% per annum of the principal amount of such Registrable Securities; or 

(ii) subject to the last sentence of Section 4(k)(ii) above, if the Shelf Registration Statement
required by Section 3(a) of this Agreement has been declared effective but thereafter ceases to be effective at any time at which it is required to be effective under this Agreement and such failure to remain effective exists for more than 30
consecutive days or more than 60 days (whether or not consecutive) during the period for which the Shelf Registration Statement is required, then commencing on the 31st day or 61st day, as applicable, following the date on which such Shelf Registration Statement ceases to be effective, Additional
Interest shall accrue on the Registrable Securities at a rate of 0.25% per annum of the principal amount of such Registrable Securities for the first 90 days from and including such 31st day or 61st day, as applicable, following the date on
which such Shelf Registration Statement ceases to be effective and increasing by an additional 0.25% per annum at the beginning of each subsequent 90-day period thereafter; provided that Additional Interest in the aggregate under this
Section 8 may not exceed 1.0% per annum of the principal amount of such Registrable Securities; 
 provided, however,
that upon (1) the effectiveness of the Exchange Offer Registration Statement, the completion of the Exchange Offer or the effectiveness of the Shelf Registration Statement, as applicable (each in the case of paragraph (i) above) and
(2) the effectiveness of the Shelf Registration Statement which had ceased to remain effective (in the case of paragraph (ii) above), Additional Interest shall cease to accrue. 

(b) The Issuer shall notify the Trustee within one Business Day after each and every date on which an event occurs in respect of which
Additional Interest is required to be paid and within one Business Day after such Additional Interest ceases to accrue. Any amounts of Additional Interest due pursuant to Section 8(a) will be payable in cash on each interest payment date
specified by the Indenture to the record holder entitled to receive the interest payment to be made on such date, commencing with the first such date occurring after any such Additional Interest commences to accrue. 

  
 -20-

 (c) The parties hereto agree that the liquidated damages in the form of Additional Interest
provided for in this Section 8 constitute a reasonable estimate of and are intended to constitute the sole damages payable under this Agreement that will be suffered by Holders of Securities by reason of the failure of (i) the Exchange
Offer Registration Statement to be declared effective; (ii) the Registered Exchange Offer completed; or (iii) the Shelf Registration Statement, if required hereby, to be declared effective, in each case to the extent required by this
Agreement. 
 9. No Inconsistent Agreements. The Issuer has not entered into, and the Issuer agrees not to enter into,
any agreement with respect to its securities that is inconsistent with the rights granted to the Holders herein or that otherwise conflicts with the provisions hereof. 

10. Amendments and Waivers. The provisions of this Agreement may not be amended, qualified, modified or
supplemented, and waivers or consents to departures from the provisions hereof may not be given, unless the Issuer has obtained the written consent of the Holders of a majority of the aggregate principal amount of the Registrable Securities
outstanding; provided that, with respect to any matter that directly or indirectly affects the rights and obligations of any Initial Purchaser hereunder, the Issuer shall obtain the written consent of each such Initial Purchaser against which
such amendment, qualification, supplement, waiver or consent is to be effective; provided, further, that no amendment, qualification, supplement, waiver or consent with respect to Section 8 hereof shall be effective as against any
Holder of Registered Securities unless consented to in writing by such Holder; and provided, further, that the provisions of this Article 10 may not be amended, qualified, modified or supplemented, and waivers or consents to
departures from the provisions hereof may not be given, unless the Issuer has obtained the written consent of the Initial Purchasers and each Holder. Notwithstanding the foregoing (except the foregoing provisos), a waiver or consent to depart from the provisions hereof
with respect to a matter that relates exclusively to the rights of Holders whose Securities or New Securities, as the case may be, are being sold pursuant to a Registration Statement and that does not directly or indirectly affect the rights of
other Holders may be given by the Majority Holders, determined on the basis of Securities or New Securities, as the case may be, being sold rather than registered under such Registration Statement. 

11. Notices. All notices and other communications provided for or permitted hereunder shall be made in writing by hand-delivery,
first-class mail, telex, telecopier or air courier guaranteeing overnight delivery: 
 (a) if to a Holder, at the
most current address given by such Holder to the Issuer in accordance with the provisions of this Section 11, which address initially is, with respect to each Holder, the address of such Holder maintained by the Registrar (as such term is
defined in the Indenture) under the Indenture; 
 (b) if to the Initial Purchasers, initially at the address or
addresses set forth in the Purchase Agreement; and 
 (c) if to the Issuer, initially at its address set forth in
the Purchase Agreement. 

  
 -21-

 All such notices and communications shall be deemed to have been duly given when received.

 The Initial Purchasers or the Issuer by notice to the other parties may designate additional or different addresses for
subsequent notices or communications. 
 12. Remedies. Each Holder, in addition to being entitled to exercise all rights
provided to it herein, in the Indenture or in the Purchase Agreement or granted by law, including recovery of liquidated or other damages, will be entitled to specific performance of its rights under this Agreement. The Issuer agrees that monetary
damages would not be adequate compensation for any loss incurred by reason of a breach by them of the provisions of this Agreement and hereby agree to waive in any action for specific performance the defense that a remedy at law would be adequate.

 13. Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the parties hereto, their
respective successors and assigns, including, without the need for an express assignment or any consent by the Issuer thereto, subsequent Holders of Securities and the New Securities, and the indemnified persons referred to in Section 6 hereof.
The Issuer hereby agrees to extend the benefits of this Agreement to any Holder of Securities and the New Securities, and any such Holder may specifically enforce the provisions of this Agreement as if an original party hereto. 

14. Counterparts. This Agreement may be signed in one or more counterparts which may be delivered in original form or by
telecopier, each of which when so executed shall constitute an original and all of which together shall constitute one and the same agreement. 
 15. Headings. The section headings used herein are for convenience only and shall not affect the construction hereof. 
 16. Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts made and to be performed in the State of New York.
The parties hereto each hereby waive any right to trial by jury in any action, proceeding or counterclaim arising out of or relating to this Agreement. 
 17. Jurisdiction. The Issuer irrevocably submits to the exclusive jurisdiction of any New York State or United States Federal court sitting in The County of New York over any suit, action or
proceeding arising out of or relating to this Agreement or the Exchange Offer. The Issuer irrevocably waives, to the fullest extent permitted by law, any objection which it may now or hereafter have to the laying of venue of any such suit, action or
proceeding brought in such a court and any claim that any such suit, action or proceeding brought in such a court has been brought in an inconvenient forum. To the extent that the Issuer has or hereafter may acquire any immunity (on the grounds of
sovereignty or otherwise) from the jurisdiction of any court or from any legal process with respect to itself or its property, the Issuer irrevocably waives, to the fullest extent permitted by law, such immunity in respect of any such suit, action
or proceeding. 

  
 -22-

 18. Severability. In the event that any one or more of the provisions contained
herein, or the application thereof in any circumstances, is held invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions
hereof shall not be in any way impaired or affected thereby, it being intended that all of the rights and privileges of the parties shall be enforceable to the fullest extent permitted by law. 

19. Securities Held by the Issuer, etc. Whenever the consent or approval of Holders of a specified percentage of principal amount
of Securities or New Securities is required hereunder, Securities or New Securities, as applicable, held by the Issuer or their Affiliates (other than subsequent Holders of Securities or New Securities if such subsequent Holders are deemed to be
Affiliates solely by reason of their holdings of such Securities or New Securities) shall not be counted in determining whether such consent or approval was given by the Holders of such required percentage. 

[Signature pages follow.] 

  
 -23-

 If the foregoing is in accordance with your understanding of our agreement, please sign and
return to us the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a binding agreement by and between the Issuer and the several Initial Purchasers. 

 

					
	Very truly yours,
	
	NCL CORPORATION LTD.
		
	By:	 	 /s/ Daniel S. Farkas

		 	Name:	 	Daniel S. Farkas
		 	Title:	 	Senior Vice President, General Counsel and Secretary

					
	 The foregoing Agreement is hereby
 confirmed and accepted as of the
 date first above written:

	
	 DEUTSCHE BANK SECURITIES INC., for
 itself and as representative of the several Initial
 Purchasers

		
	By:	 	 /s/ Steve Cunningham

		 	Name:	 	Steve Cunningham
		 	Title:	 	Managing Director
		
	By:	 	 /s/ Nicholas Hayes

		 	Name:	 	Nicholas Hayes
		 	Title:	 	Managing Director

 ANNEX A 
 Each broker-dealer that receives New Securities for its own account pursuant to the exchange offer must acknowledge that it (i) has not entered into any arrangement or understanding with the Issuer
(as defined below) or an affiliate of the Issuer to distribute such New Securities and (ii) will deliver a prospectus in connection with any resale of such New Securities. The letter of transmittal states that by so acknowledging and delivering
a prospectus, a broker-dealer will not be deemed to admit that it is an “underwriter” within the meaning of the Securities Act of 1933, as amended, or the Securities Act. This prospectus, as it may be amended or supplemented from time to
time, may be used by a broker-dealer in connection with resales of New Securities received in exchange for Securities where such Securities were acquired by such broker-dealer as a result of market-making activities or other trading activities. We
have agreed that, for a period of 180 days after the consummation of the exchange offer, we will make this prospectus available to any broker-dealer for use in connection with any such resale. See “Plan of Distribution.” 

  
 A-1

 ANNEX B 
 Each broker-dealer that receives New Securities for its own account in exchange for Securities, where such Securities were acquired by such broker-dealer as a result of market-making activities or other
trading activities, must acknowledge that it (i) has not entered into any arrangement or understanding with the issuer or an affiliate of the issuer to distribute the New Securities and (ii) will deliver a prospectus in connection with any
resale of the New Securities. Please read the section captioned “Plan of Distribution”. 

  
 B-1

 ANNEX C 
 PLAN OF DISTRIBUTION 
 Each broker-dealer that receives New
Securities for its own account pursuant to the exchange offer must acknowledge that it (i) has not entered into any arrangement or understanding with the Issuer or an affiliate of the Issuer to distribute such New Securities and (ii) will
deliver a prospectus in connection with any resale of such New Securities. This prospectus, as it may be amended or supplemented from time to time, may be used by a broker-dealer in connection with resales of New Securities received in exchange for
Securities only where such Securities were acquired as a result of market-making activities or other trading activities. We have agreed that, for a period of 180 days from the date on which the exchange offer is consummated, we will make this
prospectus, as amended or supplemented, available to any broker-dealer for use in connection with any such resale. In addition, until             , 20    , all dealers
effecting transactions in the New Securities may be required to deliver a prospectus. 
 We will not receive any proceeds from
any sale of New Securities by broker-dealers. New Securities received by broker-dealers for their own account pursuant to the exchange offer may be sold from time to time in one or more transactions in the over-the-counter market, in negotiated
transactions, through the writing of options on the New Securities or a combination of such methods of resale, at market prices prevailing at the time of resale, at prices related to such prevailing market prices or at negotiated prices. Any such
resale may be made directly to purchasers or to or through brokers or dealers who may receive compensation in the form of commissions or concessions from any such broker-dealer or the purchasers of any New Securities. Any broker-dealer that resells
New Securities that were received by it for its own account pursuant to the exchange offer and any broker or dealer that participates in a distribution of such New Securities may be deemed to be an “underwriter” within the meaning of the
Securities Act and any profit on any such resale of New Securities and any commissions or concessions received by any such persons may be deemed to be underwriting compensation under the Securities Act. The letter of transmittal states that by
acknowledging that it will deliver and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an “underwriter” within the meaning of the Securities Act. 

For a period of 180 days from the date on which the exchange offer is consummated, we will promptly send additional copies of this
prospectus and any amendment or supplement to this prospectus to any broker-dealer that requests such documents in the letter of transmittal. We have agreed to pay all expenses incident to the exchange offer, other than commissions or concessions of
any broker-dealers and will indemnify the holders of the notes, including any broker-dealers, against certain liabilities, including liabilities under the Securities Act. 
 [If applicable, add information required by Regulation S-K Items 507 and/or 508.] 

  
 C-1

 ANNEX D 
 LANGUAGE TO BE INCLUDED IN LETTER OF TRANSMITTAL 
  

	1.	PLEASE FILL IN YOUR NAME AND ADDRESS BELOW IF YOU ARE A BROKER-DEALER AND WISH TO RECEIVE 10 ADDITIONAL COPIES OF THE PROSPECTUS AND 10 COPIES OF ANY AMENDMENTS OR
SUPPLEMENTS THERETO AND COMPLETE THE FOLLOWING: 

  

					
	Name:	  	  
	 	
	Address:	  	  
	 	
		  	  
	 	

  

	2.	If the undersigned is not a broker-dealer, the undersigned represents that it is not engaged in, and does not intend to engage in, a distribution of New Securities. If
the undersigned is a broker-dealer that will receive New Securities for its own account in exchange for Securities that were acquired as a result of market-making activities or other trading activities, it acknowledges that it will deliver a
prospectus in connection with any resale of such New Securities; however, by so acknowledging and by delivering a prospectus, the undersigned will not be deemed to admit that it is an “underwriter” within the meaning of the Securities Act.

  
 D-1EX-4.1

 Exhibit 4.1 

 
  

 
 D.R. HORTON, INC. AND THE
GUARANTORS PARTY HERETO 
 3.625% Senior Notes due 2018 

 
  

Supplemental Indenture 
 Dated as of February 5, 2013 
  

 
 AMERICAN
STOCK TRANSFER & TRUST COMPANY, LLC, 
 Trustee 

 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	ARTICLE ONE	  
	
	SCOPE OF SUPPLEMENTAL INDENTURE	  
	Section 1.01.	 	 General
	  	 	1	  
	Section 1.02.	 	 Specified Modifications in Respect of the Notes
	  	 	2	  
	
	ARTICLE TWO	  
	CERTAIN DEFINITIONS	  
	ARTICLE THREE	  
	
	COVENANTS	  
	Section 3.01.	 	 Limitations on Secured Debt
	  	 	10	  
	Section 3.02.	 	 Restrictions on Sale and Leaseback Transactions
	  	 	12	  
	Section 3.03.	 	 Offer to Purchase upon Change of Control Triggering Event
	  	 	12	  
	
	ARTICLE FOUR	  
	
	MISCELLANEOUS	  
	Section 4.01.	 	 Governing Law
	  	 	14	  
	Section 4.02.	 	 No Adverse Interpretation of Other Agreements
	  	 	14	  
	Section 4.03.	 	 No Recourse Against Others
	  	 	14	  
	Section 4.04.	 	 Successors and Assigns
	  	 	14	  
	Section 4.05.	 	 Duplicate Originals
	  	 	14	  
	Section 4.06.	 	 Severability
	  	 	14	  
			
	Exhibit A	 	 Form of Security
	  			
	Exhibit B	 	 Form of Notification Security of Guarantee
	  			

  
 -i-

 Third Supplemental Indenture dated as of February 5, 2013 (“Supplemental
Indenture”), to the Indenture dated as of May 1, 2012 (as amended, modified or supplemented from time to time in accordance therewith, the “Base Indenture”), by and among D.R. Horton, Inc., a Delaware corporation (the
“Company”), each of the subsidiaries of the Company that are signatories hereto as the initial guarantors (the “Initial Guarantors”) and American Stock Transfer & Trust Company, LLC, as trustee (the
“Trustee”). 
 Each party agrees as follows for the benefit of the other party and for the equal and ratable
benefit of the Holders of Notes (each as defined herein): 
 WHEREAS, the Company and the Trustee have duly authorized the
execution and delivery of the Base Indenture to provide for the issuance from time to time of senior debt securities (the “Securities”) to be issued in one or more Series as in the Base Indenture provided; 

WHEREAS, the Company and the Initial Guarantors desire and have requested the Trustee to join them in the execution and delivery of this
Supplemental Indenture in order to establish and provide for the issuance by the Company of a Series of Securities designated as its 3.625% Senior Notes due 2018, substantially in the form attached hereto as Exhibit A (including any
Additional Notes, as defined below, the “Notes”), initially guaranteed by the Initial Guarantors, on the terms set forth herein; 
 WHEREAS, Section 2.01 of the Base Indenture provides that a supplemental indenture may be entered into by the Company, the Initial Guarantors and the Trustee for such purpose provided certain
conditions are met; 
 WHEREAS, the conditions set forth in the Base Indenture for the execution and delivery of this
Supplemental Indenture have been complied with; and 
 WHEREAS, all things necessary to make this Supplemental Indenture a valid
agreement of the Company, the Initial Guarantors and the Trustee, in accordance with its terms, and a valid amendment of, and supplement to, the Base Indenture have been done; 
 NOW, THEREFORE: 
 In consideration of the premises and the purchase and acceptance
of the Notes by the Holders thereof the Company and the Initial Guarantors mutually covenant and agree with the Trustee, for the equal and ratable benefit of the Holders, that the Base Indenture is supplemented and amended, to the extent expressed
herein, as follows: 
 ARTICLE ONE 
 Scope of Supplemental Indenture 
 Section 1.01. General. 

The changes, modifications and supplements to the Base Indenture effected by this Supplemental Indenture shall be applicable only with
respect to, and govern the terms of, the Notes and shall not apply to any other Securities that may have been or may hereafter be issued under the Base Indenture unless a supplemental indenture with respect to such other Securities specifically
incorporates such changes, modifications and supplements. 

  
 1 

 Pursuant to this Supplemental Indenture, there is hereby created and designated the Notes
as a Series of Securities under the Base Indenture entitled “3.625% Senior Notes due 2018.” The Notes shall be substantially in the form of Exhibit A hereto and will mature and bear interest as provided in such form and have the
other terms and conditions set forth therein, this Supplemental Indenture and the Base Indenture (to the extent not superseded hereby). The Company shall pay interest on overdue principal at 3.625%; it shall pay interest on overdue installments of
interest at 3.625%. The Notes shall be guaranteed by the Guarantors as provided in the form of Exhibit B hereto. The Trustee will initially be the Registrar and Paying Agent for the Notes, and DTC will initially be the Depositary for the
Notes. The covenants provided in Article Three of this Supplemental Indenture are applicable (unless waived or amended as provided in the Base Indenture) so long as the Notes are outstanding or until defeasance or other discharge pursuant to
the Base Indenture. An aggregate principal amount of $400.0 million of Notes will be issued on the Issue Date. Additional Notes (the “Additional Notes”) in an unlimited amount may be issued in one or more issuances from time to time
on the same terms and conditions, except for issue date, and if applicable, the issue price and the first interest payment, either of which may differ from the respective terms of the previously issued Notes of same Series, and with the same CUSIP
numbers as the Notes offered hereby without the consent of Holders of the Notes. The Notes initially issued hereunder and any such Additional Notes shall vote on all matters, and otherwise be treated as, a single Series for all purposes under the
Indenture. 
 Section 1.02. Specified Modifications in Respect of the Notes. 

(1) Article Six of the Base Indenture shall apply in respect of the Notes; provided that with respect to clause (3) under the
first paragraph and the second paragraph of Section 6.01 of the Base Indenture, Section 3.03 hereof shall be deemed such specified provision which breach thereof shall constitute, together with Article Five of the Base Indenture, an Event
of Default with notice but without passage of time. 
 (2) Section 7.05 of the Base Indenture shall apply in respect of the
Notes; provided that the Trustee shall not have any discretion to withhold any notice of the Default with respect to any breach of Section 3.03 hereof, irrespective of any determination that withholding of such notice is in the interest
of the Holders of the Notes. 
 (3) Article Ten of the Base Indenture shall apply in respect of the Notes; provided that,
notwithstanding anything to the contrary in the Base Indenture and this Supplemental Indenture, any amendment or waiver of Section 3.03 hereof (prior to the occurrence of a Change of Control Triggering Event) will require consent of Holders of
a majority of the outstanding principal amount of Notes. 
 ARTICLE TWO 

Certain Definitions 
 The following terms have the meanings set forth below in this Supplemental Indenture. Capitalized terms used but not defined herein have the meanings ascribed to such terms in the Base Indenture. To the
extent terms defined herein differ from the Base Indenture the terms defined herein will govern. 
 “Attributable
Debt” means, in respect of a Sale and Leaseback Transaction, the present value (discounted at the weighted average effective interest cost per annum of the outstanding debt of the Company, compounded semiannually) of the obligation of the
lessee for rental payments during the remaining term of the lease included in such transaction, including any period for which such lease has been extended or may, at the option of the lessor, be extended or, if earlier, until the earliest date on
which 

  
 -2-

 
the lessee may terminate such lease upon payment of a penalty (in which case the obligation of the lessee for rental payments shall include such penalty), after excluding all amounts required to
be paid on account of maintenance and repairs, insurance, taxes, assessments, water and utility rates and similar charges. 

“Change of Control” means: 
 (1) any sale, lease or other transfer (in one transaction or a series of transactions) of all or substantially all of the consolidated assets of the Company and its Subsidiaries to any Person (other than
a Subsidiary of the Company); provided, however, that a transaction where the holders of all classes of Voting Stock of the Company immediately prior to such transaction own, directly or indirectly, Voting Stock representing more than
50% of the voting power of all Voting Stock of such Person immediately after such transaction shall not be a Change of Control; 
 (2) a “person” or “group” (within the meaning of Section 13(d) of the Exchange Act (other than (x) the Company or (y) Donald R. Horton, Terrill J. Horton, or their
respective wives, children, grandchildren and other descendants, or any trust or other entity formed or controlled by any of such individuals (each an “Excluded Person”))) publicly discloses, including, without limitation, by filing
a Schedule 13D or Schedule TO, or the Company or any of its Subsidiaries publicly discloses, including without limitation, by filing any other schedule, form or report under the Exchange Act (including, without limitation, a Current Report on Form
8-K), facts indicating that such person or group has become the ultimate “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act) of Voting Stock of the Company representing more than 50% of the voting power of the Voting Stock
of the Company; or 
 (3) the stockholders of the Company approve any plan or proposal for the liquidation or
dissolution of the Company; provided, however, that a liquidation or dissolution of the Company that is part of a transaction that does not constitute a Change of Control under the proviso contained in clause (1) above shall not
constitute a Change of Control. 
 Any person or group whose acquisition of beneficial ownership constitutes a Change of Control
under clause (2) of the foregoing definition in respect of which a Change of Control Offer is made in accordance with the requirements of the Base Indenture will thereafter, together with its Affiliates, constitute an additional Excluded
Person. 
 “Change of Control Triggering Event” means the occurrence of both a Change of Control and a Ratings
Downgrade Event. 
 “Comparable Treasury Issue” means the United States Treasury security selected by at least
two Reference Treasury Dealers as having a maturity comparable to the remaining term of the Notes to be redeemed that would be utilized at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate
debt securities of comparable maturity to the remaining term of such Notes. 
 “Comparable Treasury Price”
means, with respect to any redemption date, (a) the average of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount, on the third business day preceding such redemption date,
as set forth in the daily statistical release (or any successor release) published by the Federal Reserve Bank of New York and designated “Composite 3:30 p.m. Quotations for U.S. Government Securities” or (b) if such release (or any
successor release) is not published or does not contain such price on such business day, (i) the average of the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer
Quotations, or (ii) if the Trustee obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations. 

  
 -3-

 “Consolidated Adjusted Tangible Assets” of the Company as of any date
means the Consolidated Tangible Assets of the Company and the Guarantors at the end of the fiscal quarter immediately preceding such date less (a) the book value of any assets securing any Non-Recourse Indebtedness, and (b) all short term
liabilities of the Company and the Guarantors, except for liabilities payable by their terms more than one year from the date of determination (or renewable or extendible at the option of the obligor to a maturity date more than one year after such
date) and liabilities in respect of retiree benefits other than persons for which the Company or the Guarantors are required to accrue pursuant to Accounting Standards Codification 715-60 (or any successor provision), in each case as determined in
accordance with GAAP. 
 “Consolidated Tangible Assets” of the Company as of any date means the book value of
the total assets of the Company and the Guarantors (less applicable reserves) on a consolidated basis at the end of the fiscal quarter immediately preceding such date, less: (i) Intangible Assets and (ii) appropriate adjustments on account
of minority interests of other Persons holding equity investments in Guarantors, in each case as determined in accordance with GAAP. 
 “Fitch” means Fitch Ratings. 
 “GAAP” means
generally accepted accounting principles set forth in the accounting standards codification of the Financial Accounting Standards Board or in such other statements by such or any other entity as may be approved by a significant segment of the
accounting profession of the United States, as in effect on the Issue Date. 
  

			
	 “Guarantors” means (i) initially, each of:

 
 C. Richard Dobson Builders, Inc., a Virginia
corporation;
 CH Investments of Texas, Inc., a Delaware corporation;

CHI Construction Company, an Arizona corporation;

CHTEX of Texas, Inc., a Delaware corporation;

Continental Homes, Inc., a Delaware corporation;

Continental Homes of Texas, L.P., a Texas limited partnership;

Continental Residential, Inc., a California corporation;

D.R. Horton — Emerald, Ltd., a Texas limited partnership;

D.R. Horton — Schuler Homes, LLC, a Delaware limited liability company;

D.R. Horton — Texas, Ltd., a Texas limited partnership;

D.R. Horton, Inc. — Birmingham, an Alabama corporation;

D.R. Horton, Inc. — Chicago, a Delaware corporation;

D.R. Horton, Inc. — Dietz-Crane, a Delaware corporation;

D.R. Horton, Inc. — Fresno, a Delaware corporation;

D.R. Horton, Inc. — Greensboro, a Delaware corporation;

D.R. Horton, Inc. — Gulf Coast (f/k/a DRH Regrem V, Inc.), a Delaware corporation;

D.R. Horton, Inc. — Huntsville (f/k/a DRH Regrem XIII, Inc.), a Delaware corporation;

D.R. Horton, Inc. — Jacksonville, a Delaware corporation;

D.R. Horton, Inc. — Louisville, a Delaware corporation;

D.R. Horton, Inc. — Minnesota, a Delaware corporation;

D.R. Horton, Inc. — New Jersey, a Delaware corporation;

D.R. Horton, Inc. — Portland, a Delaware corporation;

D.R. Horton, Inc. — Sacramento, a California corporation;
	  	

  
 -4-

			
	 D.R. Horton, Inc. — Torrey, a Delaware corporation;

D.R. Horton LA North, Inc. (f/k/a DRH Regrem X, Inc.), a Delaware corporation;

D.R. Horton BAY, Inc. (f/k/a D.R. Horton OCI, Inc., D.R. Horton Orange County Inc. and DRH Regrem IX, Inc.), a
Delaware corporation;
 D.R. Horton Cruces Construction, Inc. (f/k/a DRH Regrem XI, Inc.), a Delaware
corporation;
 D.R. Horton Los Angeles Holding Company, Inc., a California corporation;

D.R. Horton Management Company, Ltd., a Texas limited partnership;

D.R. Horton Materials, Inc., a Delaware corporation;

D.R. Horton Serenity Construction, LLC (f/k/a DRH Regrem VIII, LLC), a Delaware limited liability
company;
 D.R. Horton VEN Inc. (f/k/a D.R. LAV Inc. and D.R. Horton San Diego Holding Company, Inc.), a
California corporation;
 DRH Cambridge Homes, Inc., a California corporation;

DRH Cambridge Homes, LLC, a Delaware limited liability company;

DRH Construction, Inc., a Delaware corporation;

DRH Regrem VII, LP, a Texas limited partnership;

DRH Regrem XII, LP, a Texas limited partnership;

DRH Regrem XIV, Inc., a Delaware corporation;

DRH Regrem XV, Inc., a Delaware corporation;

DRH Regrem XVI, Inc., a Delaware corporation;

DRH Regrem XVII, Inc., a Delaware corporation;

DRH Regrem XVIII, Inc., a Delaware corporation;

DRH Regrem XIX, Inc., a Delaware corporation;

DRH Regrem XX, Inc., a Delaware corporation;

DRH Regrem XXI, Inc., a Delaware corporation;

DRH Regrem XXII, Inc., a Delaware corporation;

DRH Regrem XXIII, Inc., a Delaware corporation;

DRH Regrem XXIV, Inc., a Delaware corporation;

DRH Regrem XXV, Inc. (f/k/a D.R. Horton VEN, Inc. and D.R. Horton Inc. – Los Angeles), a Delaware
corporation;
 DRH Regrem XXVI, LLC, a Delaware limited liability company;

DRH Regrem XXVII, LLC, a Delaware limited liability company;

DRH Regrem XXVIII, LLC, a Delaware limited liability company;

DRH Regrem XXIX, LLC, a Delaware limited liability company;

DRH Regrem XXX, LLC, a Delaware limited liability company;

DRH Southwest Construction, Inc., a California corporation;

DRH Tucson Construction, Inc., a Delaware corporation;

HPH Homebuilders 2000 L.P., a California limited partnership;

KDB Homes, Inc., a Delaware corporation;

Meadows I, Ltd., a Delaware corporation;

Meadows II, Ltd., a Delaware corporation;

Meadows VIII, Ltd., a Delaware corporation;

Meadows IX, Inc., a New Jersey corporation;

Meadows X, Inc., a New Jersey corporation;

Melmort Co., a Colorado corporation;

Melody Homes, Inc., a Delaware corporation;

Schuler Homes of Arizona, LLC, a Delaware limited liability company;

Schuler Homes of California, Inc., a California corporation;

Schuler Homes of Oregon, Inc., an Oregon corporation;
	  	

  
 -5-

			
	 Schuler Homes of Washington, Inc., a Washington corporation;

Schuler Mortgage, Inc., a Delaware corporation;

Schuler Realty Hawaii, Inc., a Hawaii corporation;

SGS Communities at Grande Quay, L.L.C., a New Jersey limited liability company;

SHA Construction LLC, a Delaware limited liability company;

SHLR of California, Inc., a California corporation;

SHLR of Colorado, Inc., a Colorado corporation;

SHLR of Nevada, Inc., a Nevada corporation;

SHLR of Utah, Inc., a Utah corporation;

SHLR of Washington, Inc., a Washington corporation;

SRHI LLC, a Delaware limited liability company;

SSHI LLC, a Delaware limited liability company;

Vertical Construction Corporation, a Delaware corporation;

Western Pacific Funding, Inc., a California corporation;

Western Pacific Housing — Antigua, LLC, a Delaware limited liability company;

Western Pacific Housing — Aviara, L.P., a California limited partnership;

Western Pacific Housing — Boardwalk, LLC, a Delaware limited liability company;

Western Pacific Housing — Broadway, LLC, a Delaware limited liability company;

Western Pacific Housing — Canyon Park, LLC, a Delaware limited liability company;

Western Pacific Housing — Carmel, LLC, a Delaware limited liability company;

Western Pacific Housing — Carrillo, LLC, a Delaware limited liability company;

Western Pacific Housing — Communications Hill, LLC, a Delaware limited liability company;

Western Pacific Housing — Copper Canyon, LLC, a Delaware limited liability company;

Western Pacific Housing — Creekside, LLC, a Delaware limited liability company;

Western Pacific Housing — Culver City, L.P., a California limited partnership;

Western Pacific Housing — Del Valle, LLC, a Delaware limited liability company;

Western Pacific Housing — Lomas Verdes, LLC, a Delaware limited liability company;

Western Pacific Housing — Lost Hills Park, LLC, a Delaware limited liability company;

Western Pacific Housing — McGonigle Canyon, LLC, a Delaware limited liability company;

Western Pacific Housing — Mountaingate, L.P., a California limited partnership;

Western Pacific Housing — Norco Estates, LLC, a Delaware limited liability company;

Western Pacific Housing — Oso, L.P., a California limited partnership;

Western Pacific Housing — Pacific Park II, LLC, a Delaware limited liability company;

Western Pacific Housing — Park Avenue East, LLC, a Delaware limited liability company;

Western Pacific Housing — Park Avenue West, LLC, a Delaware limited liability company;

Western Pacific Housing — Playa Vista, LLC, a Delaware limited liability company;

Western Pacific Housing — Poinsettia, L.P., a California limited partnership;

Western Pacific Housing — River Ridge, LLC, a Delaware limited liability company;

Western Pacific Housing — Robinhood Ridge, LLC, a Delaware limited liability company;

Western Pacific Housing — Santa Fe, LLC, a Delaware limited liability company;

Western Pacific Housing — Scripps, L.P., a California limited partnership;

Western Pacific Housing — Scripps II, LLC, a Delaware limited liability company;

Western Pacific Housing — Seacove, L.P., a California limited partnership;

Western Pacific Housing — Studio 528, LLC, a Delaware limited liability company;

Western Pacific Housing — Terra Bay Duets, LLC, a Delaware limited liability company;
	  	

  
 -6-

			
	 Western Pacific Housing — Torrance, LLC, a Delaware limited liability company;

Western Pacific Housing — Torrey Commercial, LLC, a Delaware limited liability company;

Western Pacific Housing — Torrey Meadows, LLC, a Delaware limited liability company;

Western Pacific Housing — Torrey Multi-Family, LLC, a Delaware limited liability company;

Western Pacific Housing — Torrey Village Center, LLC, a Delaware limited liability company;

Western Pacific Housing — Vineyard Terrace, LLC, a Delaware limited liability company;

Western Pacific Housing — Windemere, LLC, a Delaware limited liability company;

Western Pacific Housing — Windflower, L.P., a California limited partnership;

Western Pacific Housing, Inc., a Delaware corporation;

Western Pacific Housing, L.P. (f/k/a Western Pacific Housing Co.), a California limited partnership;

Western Pacific Housing Management, Inc., a California corporation; and

WPH — Camino Ruiz, LLC, a Delaware limited liability company;
	  	

 and (ii) each of the Company’s Subsidiaries that becomes a guarantor of the Notes pursuant to the provisions of
the Indenture, in each case until released from its Guarantee pursuant to the provisions of the Indenture. 

“Intangible Assets” means with respect to the Notes, all unamortized debt discount and expense, unamortized deferred
charges, goodwill, patents, trademarks, service marks, trade names, copyrights, write-ups of assets over their prior carrying value (other than write-ups which occurred prior to the Issue Date and other than, in connection with the acquisition of an
asset, the write-up of the value of such asset (within one year of its acquisition) to its fair market value in accordance with GAAP) and all other items which would be treated as intangibles on the consolidated balance sheet of the Company and the
Guarantors prepared in accordance with GAAP. 
 “Investment Grade” means a rating of Baa3 or better by
Moody’s (or its equivalent under any successor rating categories of Moody’s); a rating of BBB- or better by Fitch (or its equivalent under any successor rating categories of Fitch); a rating of BBB- or better by S&P (or its equivalent
under any successor rating categories of S&P); and the equivalent investment grade credit rating from any replacement Rating Agency or Rating Agencies selected by the Company. 

“Issue Date” means February 5, 2013, the date on which the Notes are originally issued under this Supplemental
Indenture. 
 “Moody’s” means Moody’s Investors Service, Inc. 

“Non-Guarantor Subsidiary” means any Subsidiary of the Company that is not a Guarantor. 

“Permitted Liens” means any Lien: 

(1) incurred or deposits made to secure the performance of tenders, bids, leases, statutory obligations, surety and appeal
bonds, development obligations, progress payments, government contracts, utility services, developer’s or other obligations to make on-site or off-site improvements and other obligations of like nature (exclusive of obligations for the payment
of borrowed money but including the items referred to in the parenthetical in clause (i)(a) of the definition of “Indebtedness”), in each case incurred in the ordinary course of business of the Company and the Guarantors, 

  
 -7-

 (2) constituting attachment or judgment liens, 

(3) securing Non-Recourse Indebtedness of the Company or any Guarantor; provided, that it applies only to the
Property financed out of the net proceeds of such Non-Recourse Indebtedness (and any accessions thereto and proceeds thereof), 
 (4) securing Purchase Money Indebtedness; provided, that it applies only to the Property acquired, constructed or improved with the proceeds of such Purchase Money Indebtedness (and any accessions
thereto and proceeds thereof), 
 (5) constituting purchase money Liens (including Capitalized Lease
Obligations); provided, that it applies only to the Property acquired (and any accessions thereto and proceeds thereof) and the related Indebtedness is incurred within 180 days after the acquisition of such Property, 

(6) constituting the right of a lender or lenders to which the Company or a Guarantor may be indebted to offset against,
or appropriate and apply to the payment of such, Indebtedness any and all balances, credits, deposits, accounts or money of the Company or a Guarantor with or held by such lender or lenders or its affiliates, 

(7) constituting the pledge or deposit of cash or other Property in conjunction with obtaining surety, performance,
completion or payment bonds and letters of credit or other similar instruments or providing earnest money obligations, escrows or similar purpose undertakings or indemnifications in the ordinary course of business of the Company and the Guarantors,

 (8) incurred in connection with pollution control, industrial revenue, water, sewage or other public
improvement bonds or any similar bonds, 
 (9) statutory Liens of landlords and carriers’,
warehousemen’s, mechanics’, suppliers’, materialmen’s, repairmen’s or other Liens imposed by law and arising in the ordinary course of business, 

(10) leases or subleases granted to others not materially interfering with the ordinary course of business of the Company
and the Guarantors taken as a whole, 
 (11) Liens securing community development district bonds or similar bonds
issued by any governmental authority to accomplish similar purposes, 
 (12) Liens on assets and properties of
joint ventures or limited partnerships that are not wholly-owned Subsidiaries of the Company or any of the Guarantors, and 
 (13) Liens securing the Company’s or the Guarantors’ obligations to third parties, in connection with joint development agreements with such third parties, to perform and/or pay for or reimburse
the costs of construction and/or development related to or benefiting Company’s or the Guarantors’ Property and Property belonging to such third parties. 

  
 -8-

 “Purchase Money Indebtedness” means Indebtedness of the Company or any
Guarantor incurred for the purpose of financing all or any part of the purchase price, or the cost of construction or improvement, of any Property to be used in the ordinary course of business by the Company and the Guarantors; provided,
however, that (i) the aggregate principal amount of such Indebtedness shall not exceed such purchase price or cost and (ii) such Indebtedness shall be incurred no later than 180 days after the acquisition of such Property or
completion of such construction or improvement. 
 “Rating Agency” means (1) each of Moody’s, Fitch
and S&P; or (2) if any of Moody’s, Fitch or S&P ceases to rate the Notes or fails to make a rating of the Notes publicly available (for reasons outside of the Company’s control), a “nationally recognized statistical
rating organization” as defined under Section 3(a)(62) of the Exchange Act selected by the Company (as certified by a resolution of the Company’s Board of Directors) as a replacement Rating Agency for Moody’s, Fitch or S&P,
or all three, as the case may be. 
 “Ratings Downgrade Event” means the rating on the Notes is lowered
independently by each of the Rating Agencies and the Notes are rated below Investment Grade by all three Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the
60-day period following public notice of the occurrence of a Change of Control (which period shall be extended so long as the rating of the Notes is under publicly announced consideration for possible downgrade by any of the Rating Agencies);
provided that a Ratings Downgrade Event otherwise arising by virtue of a particular reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus shall not be deemed a Ratings Downgrade Event
for purposes of the definition of Change of Control Triggering Event) if the Rating Agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the trustee in writing at the
Company’s request that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control
shall have occurred at the time of the Ratings Downgrade Event). 
 “Reference Treasury Dealers” means
(a) J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., RBS Securities Inc., UBS Securities LLC and Wells Fargo Securities, LLC (or any of their respective affiliates which are Primary Treasury
Dealers), and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer in the United States of America (a “Primary Treasury Dealer”),
the Company will substitute therefor another Primary Treasury Dealer, and (b) any other Primary Treasury Dealer(s) selected by the Company. 
 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Trustee, of the bid and asked
prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Trustee by such Reference Treasury Dealer at 5:00 p.m. on the third business day preceding such redemption date.

 “Remaining Scheduled Payments” means, with respect to any Note, the remaining scheduled payments of the
principal thereof to be redeemed and interest thereon that would be due after the related redemption date but for such redemption; provided however that if such redemption date is not an interest payment date with respect to such Note, the
amount of the next succeeding scheduled interest payment thereon will be reduced by the amount of interest accrued thereon to the date of such redemption. 
 “Revolving Credit Facility” means the revolving credit facility entered into by the Company pursuant to that certain Credit Agreement dated as of September 7, 2012 and amended on
November 1, 2012, by and among the Company, The Royal Bank of Scotland plc as administrative agent and the lenders and other parties thereto. 

  
 -9-

 “S&P” means Standard & Poor’s Ratings Services, a
division of The McGraw-Hill Companies, Inc. 
 “Sale and Leaseback Transaction” means a sale or transfer made
by the Company or a Guarantor of any Property which is either (a) a manufacturing facility, project club house, amenity center and common area, office building, warehouse or distribution facility whose book value equals or exceeds 1% of
Consolidated Adjusted Tangible Assets as of the date of determination or (b) another Property which exceeds 5% of Consolidated Adjusted Tangible Assets as of the date of determination, if such sale or transfer is made with the agreement,
commitment or intention of leasing such Property to the Company or a Guarantor, provided that “Sale and Leaseback Transaction” shall not include (1) a sale-leaseback transaction relating to a Property entered into within 180
days after the later of (i) the date of acquisition of such Property by the Company or a Guarantor and (ii) the date of the completion of construction or commencement of full operations on such Property, whichever is later, (2) a
sale-leaseback transaction which has a lease of no more than three years in length or (3) a sale or transfer made to the Company or another Guarantor. 
 “Secured Debt” means any Indebtedness of the Company or any Guarantor which is secured by (a) a Lien in any Property of the Company or a Guarantor (other than property excluded in
clause (b)) or (b) a Lien on Capital Stock owned directly or indirectly by the Company or a Guarantor in a corporation or other entity (other than a Non-Guarantor Subsidiary) or in the rights of the Company or a Guarantor in respect of
Indebtedness of a corporation or other entity (other than a Non-Guarantor Subsidiary) in which the Company or a Guarantor owns Capital Stock. The securing in the foregoing manner of any such Indebtedness which immediately prior thereto was not
Secured Debt shall be deemed to be the creation of Secured Debt at the time security is given. For the avoidance of doubt, cash collateralized letters of credit issued under the Revolving Credit Facility shall not constitute Secured Debt.

 “Treasury Rate” means, with respect to any redemption date, the rate per annum equal to the semiannual
equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date. 

“Voting Stock” of any specified “person” (as that term is used in Section 13(d)(3) of the Exchange Act)
as of any date means the capital stock of such person that is at the time entitled to vote generally in the election of the board of directors of such person. 
 ARTICLE THREE 
 Covenants 

Section 3.01. Limitations on Secured Debt. 
 The Company will not, and will not cause or permit any Guarantor to, create, incur, assume or guarantee any Secured Debt unless the Notes are secured equally and ratably with (or prior to) such Secured
Debt, provided that the foregoing does not prohibit the creation, incurrence, assumption or guarantee of: 

  
 -10-

 (1) Secured Debt which is secured by Liens on model homes, homes held for
sale, homes that are under construction or under contract for sale, contracts for the sale of homes, land (improved or unimproved), contracts for the sale of land, project club houses, amenity centers and common areas, manufacturing plants,
warehouses, distribution facilities or office buildings, and fixtures and equipment located at or on any of the foregoing or leasehold or other interests in any of the foregoing; 

(2) Secured Debt which is secured by a Lien on Property at the time of its acquisition by the Company or a Guarantor,
which Lien secures obligations assumed by the Company or a Guarantor, or on the Property of a corporation or other entity at the time it is merged into or consolidated with the Company or a Guarantor or becomes a Guarantor as a result of the
acquisition of its Capital Stock by the Company or a Guarantor (other than Secured Debt created in contemplation of the acquisition of such Property or the consummation of such a merger or consolidation or acquisition where the Lien attaches to or
affects the Property of the Company or a Guarantor prior to such transaction); 
 (3) Secured Debt which is
secured by Liens arising from conditional sales agreements or title retention agreements with respect to Property acquired by the Company or a Guarantor; 
 (4) Secured Debt which is secured by Liens securing Indebtedness of a Guarantor owing to the Company or to another Guarantor; 

(5) Indebtedness secured by a Permitted Lien; and 

(6) any amendment, restatement, supplement, renewal, replacement, extension, refinancing or refunding, in whole or in part
(“Refinanced Debt”), of Secured Debt that was permitted to be created, incurred, assumed or guaranteed pursuant to clauses (1) through (5) above at the time of the original creation, incurrence, assumption or guarantee
thereof, or by this clause (6), provided in each case that the principal amount of the Refinanced Debt does not exceed the principal amount of the Secured Debt being refinanced, extended, renewed or replaced (plus accrued interest thereon and
expenses of refinancing, extension, renewal or replacement) and such Refinanced Debt is not secured by any additional Properties of the Company or any Guarantor (other than accessions and proceeds). 

In addition, the Company and the Guarantors may create, incur, assume or guarantee Secured Debt, without equally or ratably (or on a
senior basis) securing the Notes, if immediately thereafter the sum of (1) the aggregate principal amount (or the accreted value thereof, in the case of any Secured Debt issued with original issue discount) of all Secured Debt outstanding
(excluding Secured Debt permitted under clauses (1) through (6) above and any Secured Debt in relation to which the Notes have been secured equally and ratably (or on a senior basis)) and (2) all Attributable Debt in respect of Sale
and Leaseback Transactions (excluding Attributable Debt in respect of Sale and Leaseback Transactions satisfying the conditions set forth in clauses (1) and (2) and if the 365 day period referenced therein shall have expired, also clause
(3) under Section 3.02) as of the date of determination would not exceed 20% of Consolidated Adjusted Tangible Assets. 

  
 -11-

 Section 3.02. Restrictions on Sale and Leaseback Transactions. 

The Company will not, and will not cause or permit any Guarantor to, enter into any Sale and Leaseback Transaction, unless: 

(1) notice is promptly given to the Trustee of the Sale and Leaseback Transaction; 

(2) fair value is received by the Company or a Guarantor for the Property sold (as determined in good faith pursuant to a
resolution of the Board of Directors delivered to the Trustee); and 
 (3) the Company or a Guarantor, within 365
days after the completion of the Sale and Leaseback Transaction, applies an amount equal to the net proceeds therefrom either: 
 (A) to the redemption, repayment or retirement of the Notes and the Securities of all other Series under the Base Indenture (other than a Series that, pursuant to the applicable supplemental indenture or
Authorizing Resolution, does not have the benefit of this Section or its equivalent), including the cancellation by the Trustee of any Securities of any such Series delivered by the Company to the Trustee, or any other Indebtedness of the Company or
any Guarantor (other than Indebtedness which by its terms or the terms of the instrument by which it was issued is subordinate in right of payment to the Notes or any such other Series), or 

(B) to the purchase by the Company or a Guarantor of Property substantially similar to the Property sold or transferred.

 Without regard to the foregoing, the Company and the Guarantors may enter into a Sale and Leaseback Transaction if
immediately thereafter the sum of (1) the aggregate principal amount of all Secured Debt outstanding (excluding Secured Debt permitted under clauses (1) through (6) of the first paragraph of Section 3.01 above or Secured Debt in
relation to which the Notes have been secured equally and ratably (or on a senior basis)) and (2) all Attributable Debt in respect of Sale and Leaseback Transactions (excluding Attributable Debt in respect of Sale and Leaseback Transactions
satisfying the conditions set forth in clauses (1) and (2) and if the 365 day period referenced therein shall have expired, also clause (3) above) as of the date of determination would not exceed 20% of Consolidated Adjusted Tangible
Assets. 
 Section 3.03. Offer to Purchase upon Change of Control Triggering Event. 

(1) In the event that there shall occur a Change of Control Triggering Event, except as otherwise provided in Section 3.03(6) hereof,
the Company shall make an offer to each Holder of the Notes (the “Change of Control Offer”) to purchase all or any part of such Holder’s Notes at 101% of the principal amount thereof plus accrued and unpaid interest to the date
of purchase (the “Change of Control Purchase Price”) in accordance with the procedures set forth in this Section 3.03. 
 (2) On or before the thirtieth day after any Change of Control Triggering Event, or, at the Company’s option, prior to any Change of Control, but after the public announcement of the Change of
Control, the Company shall be obligated to make the Change of Control Offer by mailing, or causing to be mailed, to all Holders of Notes, with a copy to the Trustee, a notice regarding the Change of Control Triggering Event and the Change of Control
Offer. The notice shall state the payment date for the repurchase of the Notes, which date shall be no earlier than 30 days and no later than 60 days from the date such notice is mailed. The notice may, if mailed prior to the date of consummation of
the Change of Control, also state that the offer to purchase is conditioned on a Change of Control Triggering Event occurring on or prior to the payment date specified in the notice. 

  
 -12-

 (3) On the payment date of the Change of Control Purchase Price as specified in the notice,
the Company shall, to the extent lawful: 
 (A) accept for payment all Notes or portions of Notes properly
tendered and not withdrawn pursuant to the Change of Control Offer; 
 (B) deposit with the Paying Agent an
amount equal to the Change of Control Purchase Price in respect of all Notes or portions of Notes properly tendered and not withdrawn pursuant to the Change of Control Offer; and 

(C) deliver or cause to be delivered to the Trustee the Notes properly accepted together with an Officers’
Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Company. 
 (4) The
Paying Agent shall promptly mail to each Holder of Notes properly tendered pursuant to the Change of Control Offer, the Change of Control Purchase Price for such Notes, and the Trustee shall promptly authenticate and mail, or cause to be transferred
by book entry, to each such Holder a new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any; provided that the new Note shall be in a principal amount of $2,000 or an integral multiple of $1,000 in
excess thereof. The Company shall publicly announce the results of the Change of Control Offer on or as soon as reasonably practicable after the payment date of the Change of Control Purchase Price. 

(5) The Company will comply with applicable law, including Section 14(e) of the Exchange Act and Rule 14e-1 thereunder, and any other
securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the purchase of the Notes as a result of a Change of Control Triggering Event. To the extent that the provisions of any securities
laws or regulations conflict with this Section 3.03, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Section 3.03 by virtue of such conflict.

 (6) The Company will not be required to make a Change of Control Offer after a Change of Control Triggering Event if
(a) a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and such third party purchases all Notes properly tendered and not withdrawn under its offer,
(b) the Company has given notice to redeem all Notes in accordance with paragraph 4 of the Notes and Article Three of the Base Indenture, unless and until there is a default in payment of the applicable redemption price or (c) in
connection with or in contemplation of any Change of Control for which a definitive agreement is in place, the Company or a third party has made an offer to purchase (an “Alternate Offer”) any and all Notes properly tendered at a
cash price equal to or higher than the Change of Control Purchase Price and has purchased all Notes properly tendered and not withdrawn in accordance with the terms of such Alternate Offer. 

(7) None of the provisions relating to a repurchase upon a Change of Control Triggering Event shall be waivable by the Board of Directors
of the Company. 

  
 -13-

 ARTICLE FOUR 
 Miscellaneous 
 Section 4.01. Governing Law. 

THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN THIS SUPPLEMENTAL INDENTURE, THE NOTES AND THE GUARANTEES. 

Section 4.02. No Adverse Interpretation of Other Agreements. 
 This Supplemental Indenture may not be used to interpret another indenture, loan or debt agreement of the Company or a Subsidiary. Any such indenture, loan or debt agreement may not be used to interpret
this Supplemental Indenture. 
 Section 4.03. No Recourse Against Others. 

All liability (i) described in Paragraph 11 of the Notes, of any director, officer, employee or stockholder, as such, of the Company
and (ii) described in the second paragraph of the guarantees of each Guarantor, of any stockholder, officer, director, employee, incorporator, partner, member or manager, as such, of any Guarantor, is waived and released. 

Section 4.04. Successors and Assigns. 
 All covenants and agreements of the Company and the Guarantors in this Supplemental Indenture and the Notes shall bind its successors and assigns. All agreements of the Trustee in this Supplemental
Indenture shall bind its successors and assigns. 
 Section 4.05. Duplicate Originals. 

The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together
represent the same agreement. 
 Section 4.06. Severability. 

In case any one or more of the provisions contained in this Supplemental Indenture or in the Notes shall for any reason be held to be
invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Supplemental Indenture or of the Notes. 

  
 14 

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

 

			
	D.R. HORTON, INC.
		
	 By:
	 	 /s/ Bill W. Wheat

		 	Bill W. Wheat
		 	Executive Vice President and
		 	Chief Financial Officer

  
 S-1

 
			
	GUARANTORS:
	
	C. RICHARD DOBSON BUILDERS, INC.
	CH INVESTMENTS OF TEXAS, INC.
	CHI CONSTRUCTION COMPANY
	CHTEX OF TEXAS, INC.
	CONTINENTAL HOMES, INC.
	CONTINENTAL RESIDENTIAL, INC.
	D.R. HORTON BAY, INC.
	D.R. HORTON CRUCES CONSTRUCTION, INC.
	D.R. HORTON, INC. – BIRMINGHAM
	D.R. HORTON, INC. – CHICAGO
	D.R. HORTON, INC. – DIETZ-CRANE
	D.R. HORTON, INC. – FRESNO
	D.R. HORTON, INC. – GREENSBORO
	D.R. HORTON, INC. – GULF COAST
	D.R. HORTON, INC. – HUNTSVILLE
	D.R. HORTON, INC. – JACKSONVILLE
	D.R. HORTON, INC. – LOUISVILLE
	D.R. HORTON, INC. – MINNESOTA
	D.R. HORTON, INC. – NEW JERSEY
	D.R. HORTON, INC. – PORTLAND
	D.R. HORTON, INC. – SACRAMENTO
	D.R. HORTON, INC. – TORREY
	D.R. HORTON LA NORTH, INC.
	D.R. HORTON LOS ANGELES HOLDING COMPANY, INC.
	D.R. HORTON MATERIALS, INC.
	D.R. HORTON VEN, INC.
	DRH CAMBRIDGE HOMES, INC.
	DRH CONSTRUCTION, INC.
	DRH REGREM XIV, INC.
	DRH REGREM XV, INC.
	DRH REGREM XVI, INC.
	DRH REGREM XVII, INC.
	DRH REGREM XVIII, INC.
	DRH REGREM XIX, INC.
	DRH REGREM XX, INC.
	DRH REGREM XXI, INC.
	DRH REGREM XXII, INC.
	DRH REGREM XXIII, INC.
	DRH REGREM XXIV, INC.
	DRH REGREM XXV, INC.
	DRH SOUTHWEST CONSTRUCTION, INC.
	DRH TUCSON CONSTRUCTION, INC.
	KDB HOMES, INC.
	MEADOWS I, LTD.
	MEADOWS II, LTD.
	MEADOWS VIII, LTD.
	MEADOWS IX, INC.
	MEADOWS X, INC.

  
 S-2

 
			
	MELMORT CO.
	MELODY HOMES, INC.
	SCHULER HOMES OF CALIFORNIA, INC.
	SCHULER HOMES OF OREGON, INC.
	SCHULER HOMES OF WASHINGTON, INC.
	SCHULER MORTGAGE, INC.
	SCHULER REALTY HAWAII, INC.
	SHLR OF CALIFORNIA, INC.
	SHLR OF COLORADO, INC.
	SHLR OF NEVADA, INC.
	SHLR OF UTAH, INC.
	SHLR OF WASHINGTON, INC.
	VERTICAL CONSTRUCTION CORPORATION
	WESTERN PACIFIC FUNDING, INC.
	WESTERN PACIFIC HOUSING, INC.
	WESTERN PACIFIC HOUSING MANAGEMENT, INC.
		
	 By:
	 	 /s/ Bill W. Wheat

		 	Bill W. Wheat
		 	Executive Vice President and
		 	Chief Financial Officer

  
 S-3

 
			
	CONTINENTAL HOMES OF TEXAS, L.P.
		
	 By:
	 	CHTEX of Texas, Inc., its General Partner
		
	 By:
	 	 /s/ Bill W. Wheat

		 	Bill W. Wheat
		 	Executive Vice President and
		 	Chief Financial Officer
	
	D.R. HORTON MANAGEMENT COMPANY, LTD.
	D.R. HORTON – EMERALD, LTD.
	D.R. HORTON – TEXAS, LTD.
	DRH REGREM VII, LP
	DRH REGREM XII, LP
		
	 By:
	 	Meadows I, Ltd., its General Partner
		
	 By:
	 	 /s/ Bill W. Wheat

		 	Bill W. Wheat
		 	Executive Vice President and
		 	Chief Financial Officer
	
	SGS COMMUNITIES AT GRANDE QUAY, L.L.C.
		
	 By:
	 	Meadows IX, Inc., a Member
		
	 By:
	 	 /s/ Bill W. Wheat

		 	Bill W. Wheat
		 	Executive Vice President and
		 	Chief Financial Officer
		
	 and
	 	
		
	 By:
	 	Meadows X, Inc., a Member
		
	 By:
	 	 /s/ Bill W. Wheat

		 	Bill W. Wheat
		 	Executive Vice President and
		 	Chief Financial Officer

  
 S-4

 
			
	DRH CAMBRIDGE HOMES, LLC
	D.R. HORTON SERENITY CONSTRUCTION, LLC
		
	 By:
	 	D.R. Horton, Inc. – Chicago, its Member
		
	 By:
	 	 /s/ Bill W. Wheat

		 	Bill W. Wheat
		 	Executive Vice President and
		 	Chief Financial Officer

  
 S-5

			
		 	HPH HOMEBUILDERS 2000 L.P.
		 	WESTERN PACIFIC HOUSING, L.P.
		 	WESTERN PACIFIC HOUSING – ANTIGUA, LLC
		 	WESTERN PACIFIC HOUSING – AVIARA, L.P.
		 	WESTERN PACIFIC HOUSING – BOARDWALK, LLC
		 	WESTERN PACIFIC HOUSING – BROADWAY, LLC
		 	WESTERN PACIFIC HOUSING – CANYON PARK, LLC
		 	WESTERN PACIFIC HOUSING – CARMEL, LLC
		 	WESTERN PACIFIC HOUSING – CARRILLO, LLC
		 	WESTERN PACIFIC HOUSING – COMMUNICATIONS HILL, LLC
		 	WESTERN PACIFIC HOUSING – COPPER CANYON, LLC
		 	WESTERN PACIFIC HOUSING – CREEKSIDE, LLC
		 	WESTERN PACIFIC HOUSING – CULVER CITY, L.P.
		 	WESTERN PACIFIC HOUSING – DEL VALLE, LLC
		 	WESTERN PACIFIC HOUSING – LOMAS VERDES, LLC
		 	WESTERN PACIFIC HOUSING – LOST HILLS PARK, LLC
		 	WESTERN PACIFIC HOUSING – MCGONIGLE CANYON, LLC
		 	WESTERN PACIFIC HOUSING – MOUNTAINGATE, L.P.
		 	WESTERN PACIFIC HOUSING – NORCO ESTATES, LLC
		 	WESTERN PACIFIC HOUSING – OSO, L.P.
		 	WESTERN PACIFIC HOUSING – PACIFIC PARK II, LLC
		 	WESTERN PACIFIC HOUSING – PARK AVENUE EAST, LLC
		 	WESTERN PACIFIC HOUSING – PARK AVENUE WEST, LLC
		 	WESTERN PACIFIC HOUSING – PLAYA VISTA, LLC
		 	WESTERN PACIFIC HOUSING – POINSETTIA, L.P.
		 	WESTERN PACIFIC HOUSING – RIVER RIDGE, LLC
		 	WESTERN PACIFIC HOUSING – ROBINHOOD RIDGE, LLC
		 	WESTERN PACIFIC HOUSING – SANTA FE, LLC
		 	WESTERN PACIFIC HOUSING – SCRIPPS, L.P.

  
 S-6

					
		 	WESTERN PACIFIC HOUSING – SCRIPPS II, LLC
		 	WESTERN PACIFIC HOUSING – SEACOVE, L.P.
		 	WESTERN PACIFIC HOUSING – STUDIO 528, LLC
		 	WESTERN PACIFIC HOUSING – TERRA BAY DUETS, LLC
		 	WESTERN PACIFIC HOUSING – TORRANCE, LLC
		 	WESTERN PACIFIC HOUSING –TORREY COMMERCIAL, LLC
		 	WESTERN PACIFIC HOUSING – TORREY MEADOWS, LLC
		 	WESTERN PACIFIC HOUSING – TORREY MULTI-FAMILY, LLC
		 	WESTERN PACIFIC HOUSING – TORREY VILLAGE CENTER, LLC
		 	WESTERN PACIFIC HOUSING – VINEYARD TERRACE, LLC
		 	WESTERN PACIFIC HOUSING – WINDEMERE, LLC
		 	WESTERN PACIFIC HOUSING – WINDFLOWER, L.P.
		 	WPH-CAMINO RUIZ, LLC
			
		 	 By:
	  	Western Pacific Housing Management, Inc.,
		 		  	its Manager, Member or General Partner
			
		 	 By:
	  	 /s/ Bill W. Wheat

		 		  	Bill W. Wheat
		 		  	Executive Vice President and
		 		  	Chief Financial Officer
		
		 	SCHULER HOMES OF ARIZONA LLC
		 	SHA CONSTRUCTION LLC
			
		 	 By:
	  	SRHI LLC,
		 		  	its Member
			
		 	 By:
	  	SHLR of Nevada, Inc.
		 		  	its Member
			
		 	 By:
	  	 /s/ Bill W. Wheat

		 		  	Bill W. Wheat
		 		  	Executive Vice President and
		 		  	Chief Financial Officer

  
 S-7

 
			
	D.R. HORTON-SCHULER HOMES, LLC
		
	 By:
	 	Vertical Construction Corporation,
		 	its Manager
		
	 By:
	 	 /s/ Bill W. Wheat

		 	Bill W. Wheat
		 	Executive Vice President and
		 	Chief Financial Officer
	
	SRHI LLC
		
	 By:
	 	SHLR of Nevada, Inc.,
		 	its Member
		
	 By:
	 	 /s/ Bill W. Wheat

		 	Bill W. Wheat
		 	Executive Vice President and
		 	Chief Financial Officer
	
	SSHI LLC
		
	 By:
	 	SHLR of Washington, Inc.,
		 	its Member
		
	 By:
	 	 /s/ Bill W. Wheat

		 	Bill W. Wheat
		 	Executive Vice President and
		 	Chief Financial Officer
	
	DRH REGREM XXVI, LLC
	DRH REGREM XXVII, LLC
	DRH REGREM XXVIII, LLC
	DRH REGREM XXIX, LLC
	DRH REGREM XXX, LLC
		
	 By:
	 	D.R. Horton, Inc., its Member
		
	 By:
	 	 /s/ Bill W. Wheat

		 	Bill W. Wheat
		 	Executive Vice President and
		 	Chief Financial Officer

  
 S-8

			
	AMERICAN STOCK TRANSFER & TRUST
	 COMPANY, LLC, as Trustee

		
	 By:
	 	 /s/ David H. Brill

		 	Name: David H. Brill
		 	Title: Executive Vice President and General Counsel

  
 S-9

 EXHIBIT A 
 [FORM OF FACE OF SECURITY] 
 [Global Security Legend] 

THIS GLOBAL SECURITY IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS SECURITY) OR ITS NOMINEE IN CUSTODY FOR THE
BENEFIT OF THE HOLDERS OF BENEFICIAL INTERESTS HEREIN, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY MAKE ANY SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO THE INDENTURE, (II) THIS GLOBAL
SECURITY MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06 OF THE BASE INDENTURE, (III) THIS GLOBAL SECURITY MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO THE INDENTURE AND (IV) THIS GLOBAL SECURITY MAY BE TRANSFERRED
TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY. 
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART
FOR SECURITIES IN DEFINITIVE FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR TO ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE
DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF ANY ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT IS MADE TO SUCH ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE
OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF HAS AN INTEREST HEREIN. 

  
 A-1

			
	 No.
	  	CUSIP No.:        
		  	ISIN No.:        

 3.625% SENIOR NOTES DUE 2018 

D.R. HORTON, INC. 
 a Delaware corporation 
 promises to pay to Cede & Co. or registered assigns 

the principal sum of Four Hundred Million Dollars on February 15, 2018. 
 Interest Payment Dates: February 15 and August 15 
 Record Dates: February 1 and
August 1 
 Dated: 
  

			
	 D.R. HORTON, INC.

		
	 By:
	 	  

		 	Title:
		
	 By:
	 	  

		 	Title:

  

			
	 Authenticated:

	
	American Stock Transfer & Trust Company, LLC, as Trustee, certifies that this is one of the Securities referred to in the within mentioned
Indenture.
		
	 By:
	 	  

		 	Authorized Signatory

  
 A-2

 [FORM OF REVERSE SIDE OF SECURITY] 

D.R. HORTON, INC. 
 3.625% SENIOR NOTES DUE 2018 
 D.R. HORTON, INC., a Delaware corporation
(together with its successors and assigns, the “Company”), issued this Security under an Indenture dated as of May 1, 2012 (as amended, modified or supplemented from time to time in accordance therewith, the “Base
Indenture”), as supplemented by the Supplemental Indenture dated as of February 5, 2013 (the “Supplemental Indenture” and together with the Base Indenture, the “Indenture”), by and among the Company,
the Guarantors party thereto and American Stock Transfer & Trust Company, LLC, as trustee (in such capacity, the “Trustee”), to which reference is hereby made for a statement of the respective rights, obligations, duties
and immunities thereunder of the Company, the Trustee and the Holders and of the terms upon which the Securities are, and are to be, authorized and delivered. All terms used in this Security that are defined in the Indenture shall have the meanings
assigned to them therein. 
  

	1.	Interest. 

 The Company
promises to pay interest on the principal amount of this Security at the rate per annum shown above. The Company will pay interest semiannually on February 15 and August 15 of each year, commencing August 15, 2013, until the principal
is paid or made available for payment. Interest on the Securities will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paid, from February 5, 2013, provided that, if there
is no existing default in the payment of interest, and if this Security is authenticated between a record date referred to on the face hereof and the next succeeding interest payment date, interest shall accrue from such interest payment date.
Interest will be computed on the basis of a 360-day year of twelve 30-day months. 
  

	2.	Method of Payment. 

 The
Company will pay interest on the Securities (except defaulted interest, if any, which will be paid on such special payment date to Holders of record on such special record date as may be fixed by the Company) to the persons who are registered
Holders of Securities at the close of business on February 1 or August 1, as the case may be, immediately preceding the applicable interest payment date. Holders must surrender Securities to a Paying Agent to collect principal payments.
The Company will pay principal and interest in money of the United States that at the time of payment is legal tender for payment of public and private debts. 
  

	3.	Paying Agent and Registrar. 

 Initially, the Trustee will act as Paying Agent and Registrar. The Company may change or appoint any Paying Agent, Registrar or co-Registrar without notice. The Company or any of its Subsidiaries or any
of their Affiliates may act as Paying Agent, Registrar or co-Registrar. 
  

	4.	Optional Redemption. 

 The
Company may redeem the Securities at any time or from time to time, in whole or in part. If the Company redeems the Securities at any time prior to November 15, 2017, the redemption price will be equal to the greater of the following amounts:
(i) 100% of their principal amount of the Securities being redeemed; and (ii) the present value of the Remaining Scheduled Payments on the 

  
 A-3

 Securities being redeemed on the redemption date, discounted to the redemption date, on a semiannual basis,
at the Treasury Rate plus 50 basis points (0.50%), plus, in each case, accrued and unpaid interest on such Securities to the redemption date. If the Company redeems the Securities on or after November 15, 2017, the redemption price will be
equal to 100% of the principal amount of the Securities being redeemed plus accrued and unpaid interest on such Securities to the redemption date. In determining the redemption price and accrued interest, interest shall be calculated on the basis of
a 360-day year consisting of twelve 30-day months. 
 Notice of redemption will be mailed at least 30 days but not more than 60
days before the redemption date to each Holder of Securities to be redeemed at its registered address. Securities in denominations larger than $2,000 may be redeemed in part. On and after the redemption date interest ceases to accrue on Securities
or portions of them called for redemption, provided that if the Company shall default in the payment of such Securities at the redemption price together with accrued interest, interest shall continue to accrue at the rate borne by the
Securities. 
  

	5.	Denominations, Transfer, Exchange. 

 The Securities are in registered form only without coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. A Holder may transfer or exchange Securities by presentation of
such Securities to the Registrar or a co-Registrar with a request to register the transfer or to exchange them for an equal principal amount of Securities of other denominations. The Registrar may require a Holder, among other things, to furnish
appropriate endorsements and transfer documents and to pay any taxes and fees required by law or permitted by the Indenture. The Registrar need not transfer or exchange any Security selected for redemption or purchase, except the unredeemed or
unpurchased part thereof if the Security is redeemed or purchased in part, or transfer or exchange any Securities for a period of 15 days before a selection of Securities to be redeemed or purchased. 

 

	6.	Persons Deemed Owners. 

The registered Holder of this Security shall be treated as the owner of it for all purposes. 

 

	7.	Unclaimed Money. 

 Subject
to any applicable abandoned property law, the Trustee and the Paying Agent shall pay to the Company upon written request any money held by them for the payment of principal or interest that remains unclaimed for two years, and thereafter, Holders
entitled to the money must look to the Company for payment as general creditors. 
  

	8.	Amendment, Supplement, Waiver. 

 Subject to certain exceptions, the Indenture or the Securities may be amended or supplemented with the consent of the Holders of at least a majority in principal amount of the outstanding Securities of
each Series affected by the amendment and any past default or compliance with any provision relating to any Series of the Securities may be waived in a particular instance with the consent of the Holders of a majority in principal amount of the
outstanding Securities of such Series. Without the consent of any Securityholder, the Company and the Trustee may amend or supplement the Indenture or the Securities in certain respects as specified in the Indenture. 

  
 A-4

	9.	Successor. 

 When a
successor assumes all the obligations of its predecessor under the Securities and the Indenture, the predecessor will be released from those obligations. 
  

	10.	Trustee Dealings With Company. 

 Subject to certain limitations imposed by the TIA, the Trustee under the Indenture, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the Company
or its affiliates, and may otherwise deal with the Company or its affiliates, as if it were not Trustee, including owning or pledging the Securities. 
  

	11.	No Recourse Against Others. 

 A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company under the Securities or the Indenture or for any claim based on, in
respect of or by reason of, such obligations or their creation. Each Holder by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration for the issue of the Securities. The waiver may not be
effective to waive liabilities under the federal securities laws. 
  

	12.	Discharge of Indenture. 

The Indenture contains certain provisions pertaining to defeasance and discharge, which provisions shall for all purposes have the same
effect as if set forth herein. 
  

	13.	Authentication. 

 This
Security shall not be valid until an authorized signatory of the Trustee signs the certificate of authentication on the other side of this Security. 
  

	14.	Abbreviations. 

 Customary
abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= custodian),
and U/G/M/A (= Uniform Gift to Minors Act). 
  

	15.	GOVERNING LAW. 

 THIS
SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
  

	16.	CUSIP and ISIN Numbers. 

Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP and
ISIN numbers to be printed on the Securities and has directed the Trustee to use CUSIP and ISIN numbers in notices of repurchase as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the
Securities or as contained in any notice of repurchase and reliance may be placed only on the other identification numbers placed thereon. 

  
 A-5

	17.	Copies. 

 The Company will
furnish to any Holder upon written request and without charge a copy of the Indenture and the applicable Authorizing Resolution or supplemental indenture. Requests may be made to: D.R. Horton, Inc., 301 Commerce St., Suite 500, Fort Worth, Texas
76102, Attention: Chief Financial Officer. 
  

	18.	Change of Control Triggering Event. 

 In the event that there shall occur a Change of Control Triggering Event, except as otherwise provided in the Indenture, the Company shall make an offer to each Holder of the Securities to purchase all or
any part of such Holder’s Securities at 101% of the principal amount thereof plus accrued and unpaid interest to the date of purchase in accordance with the procedures set forth in the Indenture. 

 

	19.	Defaults and Remedies. 

The Events of Default relating to the Securities are defined in Article Six of the Base Indenture as modified by the Supplemental
Indenture. Upon the occurrence of an Event of Default, the rights and obligations of the Company and the Holders shall be as set forth in the Indenture. 

  
 A-6

 ASSIGNMENT FORM 
 If you the Holder want to assign this Security, fill in the form below: 
  

					
		  	I or we assign and transfer this Security to	  	
			
		  	 	  	
		  	(Insert assignee’s social security or tax ID number)	  	
			
		  	 	  	
			
		  	 	  	
			
		  	 	  	
			
		  	 	  	
		  	(Print or type assignee’s name, address, and zip code)	  	

 and irrevocably appoint 
 agent to transfer this Security on the books of the Company. The agent may substitute another to act for him. 
 Date:                                
   
 Your
signature:                                   

(Sign exactly as your name appears on the other side of this Security) 
 Signature
Guarantee:                                   

Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Security Registrar, which
requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Security Registrar in addition to, or in
substitution for, STAMP, all in accordance with the United States Securities Exchange Act of 1934, as amended. 

  
 A-7

 EXHIBIT B 
 [FORM OF NOTATION ON SECURITY OF GUARANTEE] 
 GUARANTEE 

The undersigned (the “Guarantors”) have unconditionally guaranteed, jointly and severally (such guarantee by each
Guarantor being referred to herein as the “Guarantee”) (i) the due and punctual payment of the principal of and interest on this Security, whether at maturity, by acceleration or otherwise, the due and punctual payment of
interest on the overdue principal and interest, if any, on this Security, to the extent lawful, and the due and punctual performance of all other obligations of the Company to the Holders or the Trustee all in accordance with the terms set forth in
Article Nine of the Base Indenture and (ii) in case of any extension of time of payment or renewal of this Security or any of such other obligations, that the same will be promptly paid in full when due or performed in accordance with
the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. 
 No past, present or future
stockholder, officer, director, employee, incorporator, partner, member or manager, as such, of any of the Guarantors shall have any liability under the Guarantee by reason of such person’s status as stockholder, officer, director, employee,
incorporator, partner, member or manager. Each Holder of a Security by accepting a Security waives and releases all such liability. This waiver and release are part of the consideration for the issuance of the Guarantees. 

Each Holder of this Security by accepting this Security agrees that any Guarantor named below shall have no further liability with
respect to its Guarantee if such Guarantor otherwise ceases to be liable in respect of its Guarantee in accordance with the terms of the Indenture. 
 THE GUARANTEE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 The Guarantee shall not be valid or obligatory for any purpose until the certificate of authentication on the Securities upon which the Guarantee is noted shall have been executed by the Trustee under the
Indenture by the manual signature of one of its authorized officers. 
  

			
	 [Signature of Guarantor(s)]

		
	 By:
	 	  

		 	 Name:

		 	Title
		
	 By:
	 	  

		 	Name:
		 	Title

  
 B-1

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