Document:

EX-4.1

 Exhibit 4.1 

 
  

 
 D.R. HORTON, INC. AND THE
GUARANTORS PARTY HERETO 
 5.750% Senior Notes due 2023 

 
  

Supplemental Indenture 
 Dated as of August 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
	  	 	11	  
	 Section 3.03. Offer to Purchase upon Change of Control Triggering Event
	  	 	12	  
		
	ARTICLE FOUR	  			
		
	MISCELLANEOUS	  			
		
	 Section 4.01. Governing Law
	  	 	13	  
	 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 

  
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 Sixth Supplemental Indenture dated as of August 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 5.750% Senior Notes due 2023, 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. 

 Pursuant to this Supplemental Indenture, there is hereby created and designated the Notes as
a Series of Securities under the Base Indenture entitled “5.750% Senior Notes due 2023.” 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 5.750%; it shall pay interest on overdue installments of
interest at 5.750%. 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 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. 

  
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 “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; 

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

  
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 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 II, LLC, a Delaware limited liability company; 

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

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; 

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

  
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 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 August 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. 

  
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 “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) Deutsche Bank Securities Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBS Securities Inc. 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, and as may be further amended or modified from time to time, by and among the Company, The Royal Bank of Scotland plc as administrative agent and the lenders
and other parties thereto. 

  
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 “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: 

(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; 

  
 -10-

 (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. 

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; 

  
 -11-

 (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.

 (3) On the payment date of the Change of Control Purchase Price as specified in the notice, the Company shall, to the extent
lawful: 

  
 -12-

 (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. 
 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. 

  
 -13-

 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 II, LLC

  
 S-6

 
			
	WESTERN PACIFIC HOUSING – SCRIPPS, L.P.
	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: EVP & 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.:

 5.750% SENIOR NOTES DUE 2023 

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

the principal sum of $[            ]
(            ) Dollars on August 15, 2023. 
 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. 
 5.750% SENIOR NOTES DUE 2023 
 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 August 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 February 15, 2014, 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 August 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 May 15, 2023, 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 Securities being 

  
 A-3

 
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 May 15, 2023, 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. 

 

	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. 

  
 A-4

	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. 
  

	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. 

  
 A-5

	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-1EX-4.8

 Exhibit 4.8 
 THE SECURITIES REPRESENTED BY THIS WARRANT CERTIFICATE (INCLUDING THE SECURITIES ISSUABLE UPON EXERCISE OF THE WARRANT) ARE SUBJECT TO ADDITIONAL AGREEMENTS SET FORTH IN THE WARRANT AGENT AGREEMENT
(THE “WARRANT AGENT AGREEMENT”) DATED AS OF                      , 2013 BY AND BETWEEN THE COMPANY AND THE WARRANT AGENT NAMED THEREIN (THE
“WARRANT AGENT”). 
 STOCK PURCHASE WARRANT 
 TO SUBSCRIBE FOR AND PURCHASE COMMON STOCK OF 
 OXiGENE, INC. 

 

			
	No. CSW-	 	                    , 2013

 CUSIP No.: 
 THIS
CERTIFIES THAT, for value received,                     , or registered assigns, (herein referred to as the “Purchaser” or
“Holder”), is entitled to subscribe for and purchase from OXiGENE, Inc., a Delaware corporation (herein called the “Company”), at the exercise price specified below (subject to adjustment as noted below) at any time beginning on
the date that is the earlier indicated in (1) below and ending on the date indicated in (2) below (subject to extension as provided below, the “Expiration Date”),
(                    ) fully paid and nonassessable shares (“Shares”) of common stock, par value $.01 per share (herein the “Common
Stock”) (subject to adjustment as noted below). This Stock Purchase Warrant (this “Warrant”) has been issued in a public offering of Units, consisting of shares of common stock and warrants, registered on the Company’s
Registration Statement on Form S-1 (the “Registration Statement”) initially filed with the U.S. Securities and Exchange Commission (the “SEC”) on
[                    ], as amended. 
 The
warrant exercise price (subject to adjustment as noted below) shall be equal to the price per Share (the “Warrant Purchase Price”) indicated in (3) below. 
 This Warrant is subject to the following provisions, terms and conditions: 
  

	 	(1)	Insert date that is 180 days after the date hereof:                .

  

	 	(2)	Insert date that is     years from the date hereof:                .

  

	 	(3)	Equal to % of the original purchase price paid for a Unit: . 

 1. EXERCISE OF WARRANT. The rights represented by this Warrant may be exercised by the holder hereof, in whole or in part, by written notice of exercise (the “Exercise Notice”) delivered to the
Warrant Agent and by the surrender of this Warrant (unless the Warrant is issued in book entry form), properly endorsed if required, to the Warrant Agent (or such other location specified by the Company) and upon payment to it by check or wire
transfer of funds to an account specified by the Company of the Warrant Purchase Price for such Shares, or if available, pursuant to the cashless exercise procedure specified in Section 2 below. Such Exercise Notice shall be in the form set
forth in Exhibit A-1 for Warrants held through the Depository Trust Company (the “DTC”) or on the form set forth in Exhibit A-2 for Warrants not held through the DTC. 

2. NET EXERCISE OF WARRANT. This Warrant may also be exercised in whole or in part, at such time by means of a “cashless
exercise” in which the holder shall be entitled to receive a certificate for the number of Shares equal to the quotient obtained by dividing [(A-B)(X)] by (A), where: 

 

			
	 (A) =
	 	the VWAP on the trading day immediately preceding the date on which the holder elects to exercise this Warrant by means of a “cashless exercise,” as set forth in the
applicable Notice of Exercise;

			
	 (B) =
	 	the Warrant Purchase Price, as adjusted hereunder; and
		
	 (X) =
	 	the number of Shares that would be issuable upon exercise of this Warrant in accordance with the terms of this Warrant if such exercise were by means of a cash exercise rather
than a cashless exercise.

 “VWAP” means, for any date, the price determined by the first of the following clauses that applies:
(a) if the Common Stock is then listed or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest preceding date) on the Trading Market on which the Common Stock is then listed or
quoted as reported by Bloomberg L.P. (based on a trading day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time), (b) if the OTC Bulletin Board is not a Trading Market, the volume weighted average price of the Common Stock for
such date (or the nearest preceding date) on the OTC Bulletin Board, (c) if the Common Stock is not then listed or quoted for trading on the OTC Bulletin Board and if prices for the Common Stock are then reported in the “Pink Sheets”
published by Pink OTC Markets, Inc. (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported, or (d) in all other cases, the fair market value of
a share of Common Stock as determined by an independent appraiser selected in good faith by the Board of Directors of the Company and the holders of a majority in interest of the Warrants being exercised for which the calculation of VWAP is required
in order to determine the exercise price of such Warrants. 
 “Trading Market” means any of the following markets or exchanges on
which the Common Stock is listed or quoted for trading on the date in question: the NYSE AMEX, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, or the New York Stock Exchange (or any successors to any of the
foregoing). 
 3. BENEFICIAL OWNERSHIP. 
 (a) Notwithstanding anything to the contrary contained in this Warrant (other than the provisions of Section 3(b) below), the Company shall not effect any exercise of this Warrant, and a holder shall
not have the right to exercise any portion of this Warrant to the extent (but only to the extent) that, after giving effect to such issuance after exercise, the holder (together with any person acting as a group with the holder or the holder’s
affiliates) would beneficially own in excess of 9.99% (the “Maximum Percentage”) of the outstanding shares of Common Stock. To the extent the above limitation applies, the determination of whether this Warrant shall be exercisable
(vis-à-vis other convertible, exercisable or exchangeable securities owned by the holder) and of which warrants shall be exercisable (as among all warrants owned by the holder) shall, subject to such Maximum Percentage limitation, be
determined on the basis of the first submission to the Company for conversion, exercise or exchange (as the case may be). No prior inability to exercise this Warrant pursuant to this paragraph shall have any effect on the applicability of the
provisions of this paragraph with respect to any subsequent determination of exercisability. For the purposes of this paragraph, beneficial ownership and all determinations and calculations (including, without limitation, with respect to
calculations of percentage ownership and as to the determination of any group) shall be determined by the holder in accordance with Section 13(d) of the Securities Exchange Act of 1934 (the “Exchange Act”) and the rules and
regulations promulgated thereunder. The provisions of this paragraph shall be implemented in a manner otherwise than in strict conformity with the terms of this paragraph to correct this paragraph (or any portion hereof) which may be defective or
inconsistent with the intended Maximum Percentage beneficial ownership limitation herein contained or to make changes or supplements necessary or desirable to properly give effect to such Maximum Percentage limitation. The limitations contained in
this paragraph shall apply to a successor holder of this Warrant. Each delivery of an Exercise Notice by the holder will constitute a representation by the holder that it has evaluated the limitation set forth in this paragraph and determined that
issuance of the full number of Shares requested by the holder in such Exercise Notice is permitted under this paragraph. 
 (b)
The provisions of Section 3(a) above shall not apply to any exercise by any holder whose beneficial ownership of Common Stock immediately prior to the issuance of this Warrant (together with any person acting as a group with the holder and the
holder’s affiliates) exceeds the Maximum Percentage (an “Existing MP Holder”), provided, however, if at any time after the date hereof an Existing MP Holder and its affiliates and any other persons or entities whose beneficial
ownership of Common Stock would be aggregated with such Holders for purposes of Section 13(d) of the Exchange Act (including shares held by any “group” of which the holder is a member, but excluding shares beneficially owned by virtue
of the ownership of securities or rights to acquire 

 
securities that have limitations on the right to convert, exercise or purchase similar to the limitation set forth herein) shall collectively beneficially own the Maximum Percentage or less, then
such holder may deliver a written notice to the Company (an “MP Notice”) providing that such holder irrevocably elects to be subject to the provisions of Section 3(a). 

(c) Notwithstanding anything to the contrary contained in this Warrant, the Company shall not effect any exercise of this Warrant
(including if held by an Existing MP Holder that has not delivered an MP Notice), and a holder shall not have the right to exercise any portion of this Warrant to the extent (but only to the extent) that, after giving effect to such issuance after
exercise, the holder (together with any person acting as a group with the holder or the holder’s affiliates) would beneficially own in excess of 14.99% (the “Applicable Percentage”) of the outstanding shares of Common Stock. To the
extent the above limitation applies, the determination of whether this Warrant shall be exercisable (vis-à-vis other convertible, exercisable or exchangeable securities owned by the holder) and of which warrants shall be exercisable (as among
all warrants owned by the holder) shall, subject to such Applicable Percentage limitation, be determined on the basis of the first submission to the Company for conversion, exercise or exchange (as the case may be). No prior inability to exercise
this Warrant pursuant to this paragraph shall have any effect on the applicability of the provisions of this paragraph with respect to any subsequent determination of exercisability. For the purposes of this paragraph, beneficial ownership and all
determinations and calculations (including, without limitation, with respect to calculations of percentage ownership and as to the determination of any group) shall be determined by the holder in accordance with Section 13(d) of the Securities
Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. The provisions of this paragraph shall be implemented in a manner otherwise than in strict conformity with the terms of this paragraph to correct this paragraph
(or any portion hereof) which may be defective or inconsistent with the intended Applicable Percentage beneficial ownership limitation herein contained or to make changes or supplements necessary or desirable to properly give effect to such
Applicable Percentage limitation. The limitations contained in this paragraph shall apply to a successor holder of this Warrant. Each delivery of an Exercise Notice by the holder will constitute a representation by the holder that it has evaluated
the limitation set forth in this paragraph and determined that issuance of the full number of Shares requested by the holder in such Exercise Notice is permitted under this paragraph. 

4. ISSUANCE OF THE SHARES. 
 (a) The Company agrees that the Shares so purchased shall be and are deemed to be issued to the holder hereof as the record owner of such Shares as of the close of business on the date on which this
Warrant shall have been surrendered and payment made for such Shares as aforesaid. Subject to the provisions of the preceding Section, within 10 business days after the rights represented by this Warrant shall have been exercised, the Company shall
cause its transfer agent to issue the Shares so purchased to Purchaser in book-entry format and, unless instructed otherwise in writing by the Holders, shall be credited to the Holder’s brokerage account through the DTC’s Deposit
Withdrawal at Custodian system as indicated on the attached Exhibit A. Any reference in this Warrant to the issuance of a certificate or the certificates representing the Shares shall also be deemed a reference to the book-entry issuance
of such Shares. Unless this Warrant has expired, a new Warrant representing the number of Shares, if any, with respect to which this Warrant shall not then have been exercised shall also be delivered to the Holder hereof or its nominee within such
time. 
 (b) In addition to any other rights available to the Holder, if the Company fails to cause the Warrant Agent to
transmit to the Holder a certificate or the certificates representing the Warrant Shares pursuant to an exercise on or before the Warrant Share Delivery Date (as defined in the Warrant Agent Agreement), and if after such date the Holder is required
by its broker to purchase (in an open market transaction or otherwise) or the Holder’s brokerage firm is required to purchase, shares of Common Stock to deliver in satisfaction of a sale by the Holder of the Warrant Shares which the Holder
anticipated receiving upon such exercise (a “Buy-In”), then the Company shall (A) pay in cash or Shares, at the Company’s exclusive option, to the Holder the amount, if any, by which (x) the Holder’s total
purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased exceeds (y) the amount obtained by multiplying (1) the number of Shares that the Company was required to deliver to the Holder in
connection with the exercise at issue times (2) the price at which the sell order giving rise to such purchase obligation was executed, and (B) at the option of the Holder, either reinstate the portion of the Warrant and equivalent number
of Warrant for which such exercise was not honored (in which case such exercise shall be deemed rescinded) or deliver to the Holder the number of shares of Common Stock that would 

 
have been issued had the Company timely complied with its exercise and delivery obligations hereunder. For example, if the Holder purchases Common Stock having a total purchase price of $11,000
to cover a Buy-In with respect to an attempted exercise of shares of Common Stock with an aggregate sale price giving rise to such purchase obligation of $10,000, under clause (A) of the immediately preceding sentence the Company shall be
required to pay the Holder $1,000 in cash or shares of Common Stock, at the exclusive option of the Company. The Holder shall provide the Company written notice indicating the amounts payable to the Holder in respect of the Buy-In and, upon
request of the Company, evidence of the amount of such loss. 
 5. AUTHORIZATION OF SHARES. The Company represents and warrants
that this Warrant has been duly authorized by all necessary corporate action, has been duly executed and delivered and is a legal and binding obligation of the Company, enforceable against the Company in accordance with the terms of this Warrant,
except to the extent such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ and contracting parties’ rights generally. The Company covenants and agrees that
all Shares which may be issued upon the exercise of the rights represented by this Warrant according to the terms hereof or represented by the Common Stock will, upon issuance and payment therefor, be duly authorized and issued, fully paid and
nonassessable. The Company further covenants and agrees that during the period within which the rights represented by this Warrant may be exercised, the Company will at all times have authorized, and reserved for the purpose of issue or transfer
upon exercise of the subscription rights evidenced by this Warrant, a sufficient number of shares of its Common Stock to provide for the exercise of the rights represented by this Warrant, free from preemptive rights, rights of first refusal or
other contingent purchase rights other than those held by a holder of this Warrant (as a result of holding this Warrant). 
 6.
CHARGES, TAXES AND EXPENSES. The Company will pay any documentary stamp taxes attributable to the issuance of Shares of Common Stock upon the exercise of this Warrant; provided, however, that the Company shall not be required to pay any tax which
may be payable in respect of any transfer involved in the registration of any certificates for Warrants, or shares of Common Stock issued upon exercise of this Warrant, in a name other than that of the Purchaser. The Purchaser shall be responsible
for all other tax liability that may arise as a result of holding or transferring this Warrant or receiving Shares of Common Stock upon exercise hereof. 
 7. ADJUSTMENTS OF WARRANT PURCHASE PRICE AND NUMBER OF SHARES; STOCK SPLITS, ETC. The above provisions are, however, subject to the following: 

(a) The Warrant Purchase Price shall, from and after the date of issuance of this Warrant, be subject to adjustment from time to time as
hereinafter provided. Upon each adjustment of the Warrant Purchase Price, the holder of this Warrant shall thereafter be entitled to purchase, at the Warrant Purchase Price resulting from such adjustment, the number of Shares obtained by multiplying
the Warrant Purchase Price in effect immediately prior to such adjustment by the number of Shares purchasable pursuant hereto immediately prior to such adjustment and dividing the product thereof by the Warrant Purchase Price resulting from such
adjustment. 
 (b) In case the Company shall at any time subdivide its outstanding shares of Common Stock into a greater number
of shares, the Warrant Purchase Price in effect immediately prior to such subdivision shall be proportionately reduced, and conversely, in case the outstanding shares of Common Stock of the Company shall be combined into a smaller number of shares,
the Warrant Purchase Price in effect immediately prior to such combination shall be proportionately increased. 
 (c) Upon any
adjustment of the Warrant Purchase Price or any adjustment of any material terms hereof, then and in each such case an officer of the Company shall, promptly after the occurrence of any event that requires an adjustment or readjustment, give signed
written notice thereof, by first-class mail, postage prepaid, addressed to the registered holder of this Warrant at the address of such holder as shown on the books of the Company, which notice shall state the Warrant Purchase Price resulting from
such adjustment, any material change in the terms of the Warrant, and the increase or decrease, if any, in the number of Shares purchasable at such price upon the exercise of this Warrant, setting forth in reasonable detail the method of calculation
and the facts upon which such calculation is based. 
 8. NO STOCKHOLDER RIGHTS. This Warrant shall not entitle the holder
hereof to any voting rights or other rights as a stockholder of the Company. 

 9. FUNDAMENTAL TRANSACTION. 

(a) If, at any time while this Warrant is outstanding, (i) the Company, directly or indirectly, in one or more related transactions
effects any merger or consolidation of the Company with or into another Person, (ii) the Company, directly or indirectly, effects any sale, lease, license, assignment, transfer, conveyance or other disposition of all or substantially all of its
assets in one or a series of related transactions, (iii) any direct or indirect purchase offer, tender offer or exchange offer (whether by the Company or another Person) is completed pursuant to which holders of Common Stock are permitted to
sell, tender or exchange their shares for other securities, cash or property and such offer has been accepted by the holders of 50% or more of the outstanding Common Stock, (iv) the Company, directly or indirectly, in one or more related
transactions effects any reclassification, reorganization or recapitalization of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively converted into or exchanged for securities other than the
Company’s securities, cash or property, (v) the Company, directly or indirectly, in one or more related transactions consummates a stock or share purchase agreement or other business combination (including, without limitation, a
reorganization, recapitalization, spin-off or scheme of arrangement) with another Person whereby such other Person acquires more than 50% of the outstanding shares of Common Stock (not including any shares of Common Stock held by the other Person or
other Persons making or party to, or associated or affiliated with the other Persons making or party to, such stock or share purchase agreement or other business combination) (each a “Fundamental Transaction”), then, upon any
subsequent exercise of this Warrant, the Holder shall have the right to receive, in lieu of each Share that would have been issuable upon such exercise immediately prior to the occurrence of such Fundamental Transaction (without regard to any
limitation in Section 3 on the exercise of this Warrant), the number of shares of Common Stock of the successor or acquiring corporation or of the Company, if it is the surviving corporation, and any additional consideration (the
“Alternate Consideration”) receivable as a result of such Fundamental Transaction by a holder of the number of shares of Common Stock for which this Warrant is exercisable immediately prior to such Fundamental Transaction (without regard
to any limitation in Section 3 on the exercise of this Warrant). 
 (b) For purposes of any such exercise, the Company
shall apportion the Exercise Price among the Alternate Consideration in a reasonable manner reflecting the relative value of any different components of the Alternate Consideration. If holders of Common Stock are given any choice as to the
securities, cash or property to be received in a Fundamental Transaction, then the Holder shall be given the same choice as to the Alternate Consideration it receives upon any exercise of this Warrant following such Fundamental
Transaction.
 (c) The Company shall cause any successor entity in a Fundamental Transaction in which the Company is not the
survivor (the “Successor Entity”) to assume in writing all of the obligations of the Company under this Warrant and the other transaction documents in accordance with the provisions of this Section 9 pursuant to a written
agreement in customary form and substance prior to such Fundamental Transaction and shall, at the option of the holder of this Warrant, deliver to the Holder in exchange for this Warrant a security of the Successor Entity evidenced by a written
instrument substantially similar in form and substance to this Warrant which is exercisable, as applicable, for any Alternate Consideration and/or a corresponding number of shares of capital stock of such Successor Entity (or its parent entity)
equivalent to the shares of Common Stock issuable upon exercise of this Warrant (without regard to any limitations on the exercise of this Warrant) prior to such Fundamental Transaction. Upon the occurrence of any such Fundamental Transaction,
the Successor Entity shall succeed to, and be substituted for (so that from and after the date of such Fundamental Transaction, the provisions of this Warrant and the other transaction documents referring to the “Company” shall refer
instead to the Successor Entity), and may exercise every right and power of the Company and shall assume all of the obligations of the Company under this Warrant and the other transaction documents with the same effect as if such Successor Entity
had been named as the Company herein. For purposes of this Warrant, “Person” means an individual, sole proprietorship, corporation, partnership, limited partnership, limited liability company, association, joint venture, trust,
statutory trust, unincorporated organization, estate or other mutual company, joint stock company, estate, union, employee organization, bank, trust company, land trust or other organization, whether or not a legal entity. 

10. TRANSFER OF WARRANTS. Subject to compliance with any applicable securities laws, this Warrant and all rights hereunder are
transferable, in whole or in part, upon surrender of this Warrant at the principal office of the Company, together with a written assignment of this Warrant substantially in the form attached hereto as Exhibit B, duly executed by the Holder or its
agent or attorney and funds sufficient to pay any transfer taxes payable upon the making of such transfer. Upon such surrender and, if required, such payment, the Company shall 

 
execute and deliver a new Warrant or Warrants in the name of the assignee or assignees and in the denomination or denominations specified in such instrument of assignment, and shall issue to the
assignor a new Warrant evidencing the portion of this Warrant not so assigned, and this Warrant shall promptly be cancelled. Any such transfer shall be immediately recorded in the Company’s books, records and warrant register. 

11. SURRENDER. This Warrant is exchangeable, upon the surrender hereof by the holder hereof at the principal office of the Company, for
new Warrants of like tenor representing in the aggregate the right to subscribe for and purchase the number of Shares which may be subscribed for and purchased hereunder, each of such new Warrants to represent the right to subscribe for and purchase
such number of shares as shall be designated by said holder hereof at the time of such surrender. 
 12. FRACTIONAL SHARES. The
Company will not be required upon the exercise of this Warrant to issue fractions of shares of Common Stock, but may, at its option, either (a) purchase such fraction for an amount in cash equal to the current value of such fraction computed on
the basis of the closing market price of a share of Common Stock as quoted on the principal exchange or trading facility on which shares of Common Stock are traded on the trading day immediately preceding the day upon which this Warrant was
surrendered for exercise in accordance with Section 1 hereof, or (b) issue the required share. By accepting this Warrant, the holder hereof expressly waives any right to receive any fractional share upon exercise of a Warrant, except as
expressly provided in this Section 11. 
 13. REGISTERED SECURITIES. The Common Stock underlying this Warrant has been
registered with the SEC and qualified by state authorities, or an exemption from such registration and qualification requirements is available. The Common Stock issuable upon exercise of the Warrant may be transferred and sold in reliance on the
Registration Statement. The Company will attempt to maintain the effectiveness of a current prospectus covering the Common Stock issuable upon exercise of the Warrants until the expiration of the Warrants. 

If, however, the Registration Statement is no longer effective (including by reason of a post-effective amendment to the registration statement which has
not yet been declared effective), then this Warrant may only be exercised on a cashless basis pursuant to Section 2 above, in which case the Shares to be issued shall not be registered under the Securities Act, as amended, and the rules and
regulations promulgated thereunder (the “Securities Act”). In such case, the Shares shall, if required under the Securities Act, be subject to a stop transfer order and the certificate or certificates representing the Shares shall bear
appropriate restrictive legends, unless such Shares are eligible for resale without restriction under the Securities Act. 
 14.
Warrant Agent. American Stock Transfer and Trust Company, Inc. shall serve as Warrant Agent pursuant to the Warrant Agent Agreement. Upon 30 days’ notice to the Holder, the Company may appoint a new Warrant Agent. Any
corporation into which the Warrant Agent or any new warrant agent may be merged or any corporation resulting from any consolidation to which Warrant Agent or any new warrant agent shall be a party or any corporation to which Warrant Agent or any new
warrant agent transfers substantially all of its corporate trust or stockholder services business shall be a successor Warrant Agent under this Warrant without any further act. Any such successor warrant agent shall promptly cause notice of its
succession as Warrant Agent to be mailed (by first class mail, postage prepaid) to the Holder at the Holder’s last address as shown on the Warrant register. 
 15. GOVERNING LAW. All questions concerning this Warrant will be governed and interpreted and enforced in accordance with the internal law, not the law of conflicts, of the State of Delaware. 

16. MISCELLANEOUS. On receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this
Warrant, and, in the case of any such loss, theft, destruction or mutilation of this Warrant, on delivery of an indemnity agreement reasonably satisfactory in form to the Company or, in the case of mutilation, on surrender and cancellation of such
Warrant, the Company at its expense will execute and deliver, in lieu thereof, a new Warrant of like tenor. If the last or appointed day for the taking of any action or the expiration of any right required or granted herein shall be a Saturday or
Sunday, or shall be a legal U.S. or New York state holiday, then such action may be taken or such right may be exercised on the next succeeding day not a Saturday, Sunday or holiday. The invalidity or unenforceability of any provision of this
Warrant shall in no way affect the validity or enforceability of any other provisions of this Warrant, or the Agreement. 

 17. NOTICES. All notices, requests, consents and other communications hereunder shall be in
writing, shall be delivered (A) if within the United States, by first-class registered or certified airmail, or nationally recognized overnight express courier, postage prepaid, or by facsimile, or (B) if from outside the United States, by
International Federal Express (or comparable service) or facsimile, and shall be deemed given (i) if delivered by first-class registered or certified mail domestic, upon the business day received, (ii) if delivered by nationally recognized
overnight carrier, one (1) business day after timely delivery to such carrier, (iii) if delivered by International Federal Express (or comparable service), two (2) business days after so mailed, (iv) if delivered by facsimile,
upon electric confirmation of receipt. Notices to the Company pursuant to this Warrant shall be delivered to the address set forth on the signature page hereof, until another address is designated in writing by the Company. Notices to the holder
pursuant to this Warrant shall be delivered to the address set forth in the Company’s records, until another address is designated in writing by the holder. 
 IN WITNESS WHEREOF, the Company has caused this Warrant to be signed by its duly authorized officer and this Warrant to be dated as of the date set forth above. 

 

			
	 Address:
	 	OXiGENE, INC.
		
		 	By
		
		 	Name:
		
		 	Title:

Countersigned by: 
  

			
	  
 as Warrant Agent
	  	

					
			
	 By:
	 	 	  	
			
	 Name:
	 	 	  	
			
	 Title:
	 	 	  	

 EXHIBIT A-1 

EXERCISE NOTICE 
 FOR HOLDERS 
 HOLDING WARRANTS THROUGH THE DEPOSITORY TRUST COMPANY

 Warrant CUSIP No. [            ] 

Common Stock CUSIP No.              

TO BE COMPLETED BY DIRECT PARTICIPANT 
 IN THE DEPOSITORY TRUST COMPANY 
 (To be executed upon exercise of the Warrant(s))

 The undersigned hereby irrevocably elects to exercise the right, represented by a Global Warrant Certificate (or book-entry) held for its
benefit through The Depository Trust Company (the “Depository”), to purchase             shares of Common Stock of OXiGENE, Inc. and (check one or both): 

 

	 ̈	herewith tenders in payment for such shares an amount of $             by certified or official bank check
made payable to the order of OXiGENE, Inc. or by wire transfer in immediately available funds to an account arranged with OXiGENE, Inc.; and/or 

  

	 ̈	herewith tenders the Warrant(s) for              shares of Common Stock pursuant to the cashless
exercise provision of Section 2 of the Warrant. 

 Please check below if this exercise is contingent upon the consummation of a
Fundamental Transaction as provided in Section 9 of the Warrant: 
  

	 ̈	This exercise is being made in connection with a Fundamental Transaction; provided, that in the event the Fundamental Transaction shall not be consummated, then
this exercise shall be deemed to be revoked. 

 The undersigned requests that the shares of Common Stock issuable upon exercise of
the Warrant(s) be in registered form in the authorized denominations, registered in such names and delivered, all as specified in accordance with the instructions set forth below; provided, that if the shares of Common Stock are evidenced by global
securities, the shares of Common Stock shall be registered in the name of the Depository or its nominee. 

Dated:                , 20    

 THIS EXERCISE NOTICE MUST BE DELIVERED TO THE WARRANT AGENT, PRIOR TO 5:00 P.M., NEW YORK CITY TIME, ON THE EXPIRATION DATE. ALL
CAPITALIZED TERMS USED HEREIN BUT NOT DEFINED HEREIN SHALL HAVE THE MEANINGS AS SIGNED TO THEM IN THE WARRANT. 
 Name of any person who
solicited exercise of the Warrant(s):                      
 NAME OF DIRECT PARTICIPANT IN THE DEPOSITORY: 
  

					
	 Account Name:
	 	 	  	
		 	(Please Print)	  	
			
	 Address:
	 	 	  	
			
	 Contact Name:
	 	 	  	
	 Telephone:
	 	 	  	
	 Email:
	 	 	  	
	 Fax:
	 	 	  	
	 Soc. Security No./ID No.
	 	 	  	

			
	 Account from which Warrant(s) are Being
	 	
	
Delivered:                      
                                         
                                         
                                         
                    
	 	
		
	 Depository Account
	 	
	
Number:                      
                                         
                                         
                                         
                      
	 	
		
	 Account to which the Shares of Common Stock are to be
	 	
	
Credited:                      
                                         
                                         
                                         
                     
	 	
		
	 Depository Account
	 	
	
Number:                      
                                         
                                         
                                         
                      
	 	

  

			
	FILL IN FOR WARRANT HOLDER DELIVERING WARRANT(S), IF OTHER THAN THE DIRECT PARTICIPANT:	  	FILL IN FOR DELIVERY OF THE COMMON STOCK, IF OTHER THAN TO THE PERSON DELIVERING THIS WARRANT EXERCISE NOTICE:
		
	 Acct. Name:
	  	Acct. Name:
		
	 Contact Name:
	  	Contact Name:
	 Address:
	  	Address:
		
	 Telephone:
	  	Telephone:
	 Email:
	  	Email:
	 Fax:
	  	Fax:
	 Soc Security No/ID No.
	  	Soc. Security No./ID No.

  

					
	 Signature:
	 	 	 	

					
			
	 Name:
	 	 	 	

					
			
	 Capacity in which Signing: 
	 	 	 	

					
			
	 Signature Guaranteed By: 
	 	 	 	

 Signatures must be guaranteed by a participant in the Securities Transfer Agent Medallion Program, the Stock
Exchanges Medallion Program or the New York Stock Exchange, Inc. Medallion Signature Program. 

 EXHIBIT A-2 

EXERCISE NOTICE 
 FOR HOLDERS 
 HOLDING BOOK-ENTRY WARRANTS 

OTHER THAN THROUGH THE DEPOSITORY TRUST COMPANY 
 Warrant CUSIP No. [            ] 
 Common Stock CUSIP No.              
 (To be executed upon exercise of the Warrant(s)) 
 The undersigned hereby irrevocably elects to
exercise the right, represented by the Book-Entry Warrant(s), to purchase shares of Common Stock of OXiGENE, Inc. and (check one or both): 
  

	 ̈	herewith tenders in payment for                 shares of Common Stock an amount of
$             by certified or official bank check made payable to the order of OXiGENE, Inc. or by wire transfer in immediately available funds to an account arranged with OXiGENE,
Inc.; and/or 

  

	 ̈	herewith tenders the Warrant(s) for                 shares of Common Stock pursuant
to the cashless exercise provision of Section 2 of the Warrant. 

 Please check below if this exercise is contingent upon the
consummation of a Fundamental Transaction as provided in Section 9 of the Warrant: 
  

	 ̈	This exercise is being made in connection with a Fundamental Transaction; provided, that in the event the Fundamental Transaction shall not be consummated, then
this exercise shall be deemed to be revoked. 

 The undersigned requests that a statement representing the shares of Common Stock
issued upon exercise of the Warrant(s) be delivered in accordance with the instructions set forth below. 
 Dated:
                , 20     

THIS EXERCISE NOTICE MUST BE DELIVERED TO THE WARRANT AGENT, PRIOR TO 5:00 P.M., NEW YORK CITY TIME, ON THE EXPIRATION DATE. ALL CAPITALIZED TERMS
USED HEREIN BUT NOT DEFINED HEREIN SHALL HAVE THE MEANINGS AS SIGNED TO THEM IN THE WARRANT. 
 Name of any person who solicited exercise of
the Warrant(s):                      
 THE UNDERSIGNED REQUESTS THAT A STATEMENT REPRESENTING THE SHARES OF COMMON STOCK BE DELIVERED AS FOLLOWS: 
  

					
	 Name:    
	 	 	  	
		 	(Please Print)	  	
			
	 Address:    
	 	 	  	
			
		 	 	  	
			
	 Telephone:    
	 	 	  	
			
	 Fax:    
	 	 	  	

 Social Security Number or Other Taxpayer Identification Number (if applicable):
                     

 IF SAID NUMBER OF SHARES SHALL NOT BE ALL THE SHARES PURCHASABLE UNDER THE WARRANT(S), THE
UNDERSIGNED REQUESTS THAT NEW BOOK-ENTRY WARRANT(S) REPRESENTING THE BALANCE OF SUCH WARRANT(S) SHALL BE REGISTERED AS FOLLOWS: 
  

					
	 Name:
	 	 	  	
		 	(Please Print)	  	
			
	 Address:
	 	 	  	
			
		 	 	  	
			
	 Telephone:
	 	 	  	
			
	 Fax:
	 	 	  	

 Social Security Number or Other Taxpayer Identification Number (if
applicable):                                  

 

					
	 Signature:
	 	 	 	

  

					
	 Name:
	 	 	 	

  

					
	Capacity in which Signing:	 	 	 	
			
	SIGNATURE
GUARANTEED BY:	 	 	 	

 Signatures must be guaranteed by a participant in the Securities Transfer Agent Medallion Program, the
Stock Exchanges Medallion Program or the New York Stock Exchange, Inc. Medallion Signature Program. 

 Exhibit B 
 ASSIGNMENT FORM 
 (To assign the foregoing Warrant, execute this form and supply
required information. Do not use this form to purchase shares.) 
 FOR VALUE RECEIVED, the foregoing Warrant and all rights evidenced thereby
are hereby assigned to: 
  

			
	 Name:
	 	
		 	(Please Print)
		
	 Address:
	 	
		 	(Please Print)
		
	 Dated:
	 	
		
	 Holder’s Signature:
	 	
		
	 Holder’s Address:
	 	
		
	 Signature Guaranteed:
	 	

 NOTE: The signature to this Assignment Form must correspond with the name as it appears on the face of the Warrant,
without alteration or enlargement or any change whatever and must be guaranteed by a bank or trust company. Officers of corporations and those acting in a fiduciary or other representative capacity should file proper evidence of authority to assign
the foregoing Warrant.

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