Document:

Thirteenth Supplemental Indenture

 Exhibit 4.3 
  
  
 THIRTEENTH SUPPLEMENTAL INDENTURE 
 by and among

 STANDARD PACIFIC CORP. AND THE GUARANTORS PARTY HERETO 
 and 
 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. 

 as Trustee 
  
  
 Dated as of
October 8, 2009 
  
  
 6 1/2% SENIOR SECURED NOTES DUE 2010 
 (Supplemental to the Indenture dated as of April 1, 1999) 
  
  

 STANDARD PACIFIC CORP. 
 THIRTEENTH SUPPLEMENTAL INDENTURE 
 This Thirteenth
Supplemental Indenture, dated as of October 8, 2009 (this “Thirteenth Supplemental Indenture”), is entered into among Standard Pacific Corp., a Delaware corporation (the “Company”), the guarantors
listed on the signature pages hereto (the “Guarantors”), and The Bank of New York Mellon Trust Company, N.A. (as successor in interest to J.P. Morgan Trust Company, National Association, Bank One Trust Company, N.A. and The
First National Bank of Chicago), as trustee (the “Trustee”). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Indenture (as defined below). 
 WITNESSETH: 
 WHEREAS, this Thirteenth Supplemental Indenture supplements the Indenture, dated as of April 1, 1999 (the “Original Indenture”), by and between the Company and the Trustee, as previously supplemented by the
First Supplemental Indenture dated as of April 13, 1999 (the “First Supplemental Indenture”), the Second Supplemental Indenture dated as of September 5, 2000 (the “Second Supplemental
Indenture”), the Third Supplemental Indenture dated as of December 28, 2001 (the “Third Supplemental Indenture”), the Fourth Supplemental Indenture dated as of March 4, 2003 (the “Fourth
Supplemental Indenture”), the Fifth Supplemental Indenture dated as of May 12, 2003 (the “Fifth Supplemental Indenture”), the Sixth Supplemental Indenture dated as of September 23, 2003 (the
“Sixth Supplemental Indenture”), the Seventh Supplemental Indenture dated as of March 11, 2004 (the “Seventh Supplemental Indenture”), the Eighth Supplemental Indenture dated as of March 11,
2004 (the “Eighth Supplemental Indenture”), the Ninth Supplemental Indenture dated as of August 1, 2005 (the “Ninth Supplemental Indenture”), the Tenth Supplemental Indenture dated as of
August 1, 2005 (the “Tenth Supplemental Indenture”), the Eleventh Supplemental Indenture dated as of February 22, 2006 (the “Eleventh Supplemental Indenture”) and the Twelfth Supplemental
Indenture dated as of May 5, 2006 (the “Twelfth Supplemental Indenture,” and together with the First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture, the Fourth Supplemental
Indenture, the Fifth Supplemental Indenture, the Sixth Supplemental Indenture, the Seventh Supplemental Indenture, the Eighth Supplemental Indenture, the Ninth Supplemental Indenture, the Tenth Supplemental Indenture and the Eleventh Supplemental
Indenture, collectively, the “Supplemental Indentures”, and the Supplemental Indentures together with the Original Indenture, collectively, the “Indenture”); 
 WHEREAS, the following series of Securities have been previously issued by the Company and remain outstanding under the
Indenture: 7% Senior Notes due 2015 in the original aggregate principal amount of $175,000,000 issued pursuant to the Tenth Supplemental Indenture (the “7% Senior Notes”); 6 1/4% Senior Notes due 2014 in the original aggregate principal amount
of $150,000,000 issued pursuant to the Eighth Supplemental Indenture (the “6 1/4% Senior Notes”); 7 3/4% Senior Notes due 2013 in the original aggregate principal amount of $125,000,000 issued pursuant to the Fourth Supplemental Indenture (the “2013
Notes”); 6 7/8% Senior Notes due 2011
in the original aggregate principal amount of $175,000,000 issued pursuant to the Fifth Supplemental Indenture (the “2011 Notes”); and the 6 1/2% Senior Notes 

 due 2010 in the original aggregate principal amount of $175,000,000 issued pursuant to
the Ninth Supplemental Indenture (the “2010 Notes,” and together with the 7% Senior Notes, the 6 1/4% Senior Notes, the 2013 Notes and the 2011 Notes, collectively, the “Notes”); 
 WHEREAS, the Company has commenced a tender offer (the “Tender Offer”) to holders of the 2010 Notes, the 2011 Notes
and the 2013 Notes upon the terms and subject to the conditions set forth in the Offers to Purchase for Cash and Solicitation of Consents of Holders of the 2010 Notes, dated September 10, 2009, as amended and supplemented from time to time;

 WHEREAS, in connection with the Tender Offer, the Company has solicited from the holders of the 2010 Notes consents (the
“Consent Solicitation”) to the adoption of certain proposed amendments set forth in Section 1.01 hereof (the “Proposed Amendments”) to the Ninth Supplemental Indenture; 
 WHEREAS, under the terms of the Original Indenture, the terms of the Ninth Supplemental Indenture and the 2010 Notes may be amended with the
consent of holders of a majority of principal amount of the 2010 Notes (the “Requisite Consents”); 
 WHEREAS, the Company has obtained the Requisite Consents to the Proposed Amendments pursuant to the Consent Solicitation; 
 WHEREAS, the Company and the Guarantors desire to supplement and amend the Indenture to effect the Proposed Amendments; and 
 WHEREAS, the Company and the Guarantors hereby certify that all covenants and conditions precedent, if any, provided for in the Indenture relating to the execution, delivery and performance of this Thirteenth Supplemental Indenture have
been complied with, and all things necessary to make this Thirteenth Supplemental Indenture a valid agreement of the Company, the Guarantors and the Trustee, in accordance with its terms, and a valid amendment of, and supplement to, the Indenture
have been done. 
 NOW, THEREFORE, the parties hereto agree, as follows: 
 ARTICLE 1. 
 AMENDMENTS TO INDENTURE 
 Section 1.01 Amendments. Subject to Section 2.01, the terms
of the Ninth Supplemental Indenture are hereby amended, supplemented, modified or deleted as follows. 
  

	 	(a)	The following sections of the Ninth Supplemental Indenture and any corresponding provisions in the Notes are hereby deleted in their entirety and replaced with
“[Intentionally Omitted.]”: 

  

	 	•	 	 Section 4.03. Change of Control; 

  

	 	•	 	 Section 6.02. Limitation on Additional Indebtedness; 

  

	 	•	 	 Section 6.03. Limitation on Liens; 

  

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	 	•	 	 Section 6.04. Limitation on Restricted Payments; 

  

	 	•	 	 Section 6.05. Limitation on Asset Sales; 

  

	 	•	 	 Section 6.06. Transactions with Affiliates; 

  

	 	•	 	 Section 6.07. Limitation on Payment Restrictions Affecting Restricted Subsidiaries; 

  

	 	•	 	 Section 6.08. Restricted and Unrestricted Subsidiaries; 

  

	 	•	 	 Section 6.11. Future Subsidiary Guarantees; and 

  

	 	•	 	 Section 7.01. Additional Events of Default. 

  

	 	(b)	Section 6.09 of the Ninth Supplemental Indenture is hereby deleted in its entirety and replaced with the following (and any corresponding provisions of the Notes
are hereby amended accordingly): 

 Section 6.09. Mergers and Sales of Assets by the
Company 
 The Company will not consolidate with, merge into or transfer all or substantially all of its assets to another
Person unless such Person (if other than the Company) is a corporation organized under the laws of the United States or any state thereof or the District of Columbia and expressly assumes all the obligations of the Company under the Indenture and
the Notes. 
  

	 	(c)	Section 6.10 of the Ninth Supplemental Indenture is hereby deleted in its entirety and replaced with the following (and any corresponding provisions of the Notes
are hereby amended accordingly): 

 Section 6.10. Reports to the Holders of the
Notes 
 The Company shall provide financial statements to the Holders of the Notes on a quarterly basis
that are consistent with the financial statements required to be provided to the Administrative Agent under the Company’s Revolving Credit Facility pursuant to Sections 8.1(b) and 8.1(c) thereof. 
  

	 	(d)	Any definition in the Ninth Supplemental Indenture and Notes shall be deemed deleted if references to such definitions would be eliminated as a result of the amendments
described herein; cross-references in the Ninth Supplemental Indenture and Notes to provisions in the Ninth Supplemental Indenture or Notes that have been deleted as a result of the amendments described herein shall be deleted; and any other changes
to the Ninth Supplemental Indenture and Notes of a technical or conforming nature shall be deemed made to the extent necessary to reflect the deletion of the provisions described herein. 

  

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 Section 1.02 Release of Obligations Under Certain Covenants. Subject to
Section 2.01, the Company and the Guarantors may omit to comply with, and shall have no liability in respect of, any term, condition or limitation deleted pursuant to the Sections listed in Section 1.01 hereof, whether directly or
indirectly, by reason of any reference in the Ninth Supplemental Indenture or other documents to any such Section or by reason of any reference in any such Section to any other provision in the Ninth Supplemental Indenture or in any other document,
and such omission to comply shall not constitute a Default or an Event of Default under Section 6.01 of the Original Indenture or Article 7 of the Ninth Supplemental Indenture. 
 ARTICLE 2. 
 MISCELLANEOUS PROVISIONS 

Section 2.01 Effective Date of the Thirteenth Supplemental Indenture. This Thirteenth Supplemental Indenture shall be
effective as of the date first written above. The provisions of Article 1 of this Thirteenth Supplemental Indenture will become effective upon (and only upon) acceptance for purchase by the Company of at least a majority in principal amount of the
2010 Notes. 
 Section 2.02 Governing Law. The laws of the State of New York shall govern this Thirteenth
Supplemental Indenture and the Notes. 
 Section 2.03 No Adverse Interpretation of Other Agreements. This
Thirteenth 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 Thirteenth Supplemental Indenture.

  

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 Section 2.04 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 Notes or this Thirteenth Supplemental Indenture or for any claim based on, in respect of or by reason of, such obligations or their
creation. Each Securityholder by accepting the Notes waives and releases all such liability. The waiver and release are part of the consideration for the issue of the Notes. 
 Section 2.05 Successors and Assigns. All covenants and agreements of the Company in this Thirteenth Supplemental
Indenture and the Notes shall bind its successors and assigns. All agreements of the Trustee in this Thirteenth Supplemental Indenture shall bind its successors and assigns. 
 Section 2.06 Duplicate Originals. The parties may sign any number of copies of this Thirteenth Supplemental Indenture.
Each signed copy shall be an original, but all of them together represent the same agreement. 
 Section 2.07
Severability. In case any one or more of the provisions contained in this Ninth 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 Thirteenth Supplemental Indenture or the Notes. 
 Section 2.08 Notices. Any order, consent, notice or communication shall be sufficiently given if in writing and delivered in person or mailed by first class mail, postage prepaid, addressed as follows: 
 If to the Company or any Guarantor: 
 c/o Standard Pacific Corp. 
 15326 Alton Parkway 
 Irvine, California 92618 
 Attn: Secretary 
 Section 2.09 Amendment and Modification. This
Thirteenth Supplemental Indenture may be amended, modified, or supplemented only as permitted by the Indenture and by written agreement of each of the parties hereto. 
 Section 2.10 Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Thirteenth Supplemental Indenture or the
Notes or for or in respect of the recitals contained herein or therein, all of which recitals are made solely by the Company, and the Trustee assumes no responsibility for their correctness. The Trustee shall not be accountable for the use or
application by the Company of the Notes or the proceeds thereof. 
  

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

			
	 STANDARD PACIFIC CORP.

		
	 By:
	 	 /s/    Kenneth L. Campbell

	 Name:
	 	Kenneth L. Campbell
	 Title:
	 	President & Chief Executive Officer
		
	 By:
	 	 /s/    John M. Stephens

	 Name:
	 	John M. Stephens
	 Title:
	 	Senior Vice President & Chief Financial Officer

 Signature Page to Thirteenth Supplemental Indenture 

			
	 GUARANTORS:

	
	 BARRINGTON ESTATES, LLC

		
	By:	 	 STANDARD PACIFIC CORP., ITS SOLE
 MEMBER

	
	 LAGOON VALLEY RESIDENTIAL, LLC

		
	 By:
	 	 STANDARD PACIFIC CORP., ITS SOLE
 MEMBER

	
	 LB/L-DUC II FRANCESCHI, LLC,

		
	 By:
	 	 STANDARD PACIFIC CORP., ITS
 MANAGER

	
	 SPNS GOLDEN GATE, LLC,

		
	 By:
	 	 STANDARD PACIFIC CORP., ITS
 MANAGER

	
	 STANDARD PACIFIC 1, LLC

		
	 By:
	 	 STANDARD PACIFIC CORP., ITS SOLE
 MEMBER

	
	 STANDARD PACIFIC 2, LLC

		
	 By:
	 	 STANDARD PACIFIC CORP., ITS SOLE
 MEMBER

	
	 STANDARD PACIFIC OF TONNER HILLS, LLC

		
	 By:
	 	 STANDARD PACIFIC CORP., ITS SOLE
 MEMBER

		
	By:	 	 /s/    Kenneth L. Campbell

	Name:	 	Kenneth L. Campbell
	Title:	 	President & Chief Executive Officer
	
	 CH CONSTRUCTION, INC.

	
	 CH FLORIDA, INC.

	
	 HILLTOP RESIDENTIAL, LTD.

		
	 BY:
	 	RESIDENTIAL ACQUISITION GP, LLC, ITS GENERAL PARTNER
	
	 HSP ARIZONA, INC.

	
	 HSP TUCSON, INC.

 Signature Page to Thirteenth Supplemental Indenture 

			
	HWB CONSTRUCTION, INC.
	
	HWB INVESTMENTS, INC.
	
	PALA VILLAGE INVESTMENTS, INC.
	
	RESIDENTIAL ACQUISITION GP, LLC
	
	SP COLONY INVESTMENTS, INC.
	
	SP COPPENBARGER INVESTMENTS, INC.
	
	SP LA FLORESTA, INC.
	
	STANDARD PACIFIC 1, INC.
	
	STANDARD PACIFIC OF ARIZONA, INC.
	
	STANDARD PACIFIC OF CENTRAL FLORIDA GP, INC.
	
	STANDARD PACIFIC OF CENTRAL FLORIDA
		
	 BY:
	 	STANDARD PACIFIC OF CENTRAL FLORIDA GP, INC., ITS GENERAL PARTNER
	
	STANDARD PACIFIC OF FLORIDA GP, INC.
	
	STANDARD PACIFIC OF FULLERTON, INC.
	
	STANDARD PACIFIC OF ILLINOIS, INC.
	
	STANDARD PACIFIC OF JACKSONVILLE GP, INC.
	
	STANDARD PACIFIC OF JACKSONVILLE
		
	 BY:
	 	 STANDARD PACIFIC OF
 JACKSONVILLE GP, INC., ITS
 GENERAL PARTNER

	
	STANDARD PACIFIC OF LAS VEGAS, INC.
	
	STANDARD PACIFIC OF ORANGE COUNTY, INC.
	
	STANDARD PACIFIC OF SOUTH FLORIDA GP, INC.

 Signature Page to Thirteenth Supplemental Indenture 

			
	 STANDARD PACIFIC OF SOUTH FLORIDA

		
	 BY:
	 	 STANDARD PACIFIC OF SOUTH
 FLORIDA GP, INC., ITS GENERAL
 PARTNER

	
	STANDARD PACIFIC OF SOUTHWEST FLORIDA GP, INC.
	
	 STANDARD PACIFIC OF SOUTHWEST FLORIDA

		
	 BY:
	 	 STANDARD PACIFIC OF SOUTHWEST
 FLORIDA GP, INC., ITS GENERAL
 PARTNER

	
	 STANDARD PACIFIC OF TAMPA GP, INC.

	
	 STANDARD PACIFIC OF TAMPA

		
	 BY:
	 	 STANDARD PACIFIC OF TAMPA GP, INC.,
 ITS GENERAL PARTNER

	
	 STANDARD PACIFIC OF TEXAS, INC.

	
	 STANDARD PACIFIC OF THE CAROLINAS, LLC

	
	 STANDARD PACIFIC OF TUCSON, INC.

	
	 STANDARD PACIFIC OF WALNUT HILLS, INC.

	
	 WESTFIELD HOMES USA, INC.

		
	 By:
	 	 /s/    Kenneth L. Campbell

	 Name:
	 	Kenneth L. Campbell
	 Title:
	 	Chief Executive Officer
	
	 STANDARD PACIFIC OF COLORADO, INC.

		
	 By:
	 	 /s/    Timothy C. Little

	 Name:
	 	Timothy C. Little
	 Title:
	 	President, Principal Financial and Accounting
		 	Officer & Treasurer

 Signature Page to Thirteenth Supplemental Indenture 

					
	 THE BANK OF NEW YORK MELLON TRUST
 COMPANY, N.A., as Trustee

		
	 By:
	 	 /s/    Sharon McGrath

	 Name:
	 	Sharon McGrath
	 Title:
	 	Vice President

 Signature Page to Thirteenth Supplemental IndentureInstrument of Joinder (Additional Creditor Representative)

 Exhibit 10.1 
 INSTRUMENT OF JOINDER (ADDITIONAL CREDITOR 
 REPRESENTATIVE) 
 THIS INSTRUMENT OF JOINDER (“Joinder”) is executed as of
October 8, 2009 by The Bank of New York Mellon Trust Company, N.A., a national banking association, in its capacity as trustee (the “Trustee”) under the Indenture dated as of September 17, 2009 between Standard
Pacific Escrow LLC and the Trustee (“Joining Party”), and delivered to BANK OF AMERICA, N.A., as Collateral Agent (“Collateral Agent”), pursuant to the Collateral Agent and Intercreditor Agreement dated as of
May 5, 2006 among the Collateral Agent, Standard Pacific Corp., a Delaware corporation (the “Company”), those Pledgor Subsidiaries of the Company which are a party thereto and the Creditor Representatives which are a party
thereto (the “Agreement”). Terms used but not defined in this Joinder shall have the meanings defined for those terms in the Agreement. 
 RECITALS 
  

	A.	In connection with the Agreement, the Company and the Pledgor Subsidiaries granted liens in the stock (or other equity interests) of certain Subsidiaries of the Company
to the Collateral Agent for the mutual benefit of the Creditors in order to secure the respective obligations of the Company and the Pledgor Subsidiaries under the Credit Documents. 

  

	B.	Joining Party is the Creditor Representative of the Company’s 10.750% Senior Notes due 2016 in an aggregate principal amount of $280,000,000 designated as
Additional Covered Obligations under Section 4 of the Agreement and as such is required pursuant to Section 4 to enter into a joinder to the Agreement. 

 NOW, THEREFORE, Joining Party agrees as follows: 
 AGREEMENT 
  

	1.	Joining Party acknowledges that it has become a Creditor Representative under and pursuant to Section 4 of the Agreement. Joining Party agrees that, upon its
execution hereof, Joining Party will be bound by all terms conditions, and duties applicable to a Creditor Representative under the Agreement. 

  

	2.	The effective date of this Joinder is October 8, 2009. 

 [Remainder of page intentionally left blank.] 

			
	 “Joining Party”

	
	 The Bank of New York Mellon Trust Company,
 N.A., a national banking association

		
	By:	 	 /s/    Sharon McGrath

	Title:	 	Vice President
	Address:
	 2 North LaSalle, Suite 1020
 Chicago, IL 60602
 Fax: 312-827-8542

	Attn: Global Corporate Trust
	Telephone: (402) 496-1960
	Facsimile: (402) 496-2014

  

			
	 ACKNOWLEDGED:

	 BANK OF AMERICA, N.A.
 as Collateral Agent

		
	By:	 	 /s/    Ann E. Superfisky

	Title:	 	Vice President

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