Document:

EX-4.1

 Exhibit 4.1 

CTR PARTNERSHIP, L.P. 

and 
 CARETRUST CAPITAL
CORP., 
 as Issuers, 

CARETRUST REIT, INC., 

as Parent and a Guarantor, 

AND 
 WELLS FARGO BANK,
NATIONAL ASSOCIATION, TRUSTEE 
  
  

INDENTURE 
  

 
 Dated as of
May 24, 2017 
 Debt Securities 
  

 

							
	ARTICLE 1 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  	 	1	 
			
	 Section 1.1
	 	 Definitions
	  	 	1	 
	 Section 1.2
	 	 Compliance Certificates and Opinions
	  	 	5	 
	 Section 1.3
	 	 Form of Documents Delivered to Trustee
	  	 	6	 
	 Section 1.4
	 	 Acts of Holders
	  	 	6	 
	 Section 1.5
	 	 Notices, Etc., to Trustee and Issuers
	  	 	7	 
	 Section 1.6
	 	 Notice to Holders of Securities; Waiver
	  	 	7	 
	 Section 1.7
	 	 Language of Notices, Etc.
	  	 	7	 
	 Section 1.8
	 	 Conflict with Trust Indenture Act
	  	 	7	 
	 Section 1.9
	 	 Effect of Headings and Table of Contents
	  	 	7	 
	 Section 1.10
	 	 Successors and Assigns
	  	 	8	 
	 Section 1.11
	 	 Separability Clause
	  	 	8	 
	 Section 1.12
	 	 Benefits of Indenture
	  	 	8	 
	 Section 1.13
	 	 Governing Law
	  	 	8	 
	 Section 1.14
	 	 Legal Holidays
	  	 	8	 
	 Section 1.15
	 	 Waiver of Jury Trial
	  	 	8	 
	 Section 1.16
	 	 Force Majeure
	  	 	8	 
	 Section 1.17
	 	 U.S.A. Patriot Act
	  	 	8	 
	 Section 1.18
	 	 Tax Withholding and Reporting
	  	 	9	 
		
	ARTICLE 2 SECURITY FORMS	  	 	9	 
			
	 Section 2.1
	 	 Forms Generally
	  	 	9	 
	 Section 2.2
	 	 Form of Trustee’s Certificate of Authentication
	  	 	9	 
	 Section 2.3
	 	 Securities in Global Form
	  	 	10	 
		
	ARTICLE 3 THE SECURITIES	  	 	10	 
			
	 Section 3.1
	 	 Amount Unlimited; Issuable in Series
	  	 	10	 
	 Section 3.2
	 	 Denominations
	  	 	11	 
	 Section 3.3
	 	 Execution, Authentication, Delivery and Dating
	  	 	11	 
	 Section 3.4
	 	 Temporary Securities
	  	 	13	 
	 Section 3.5
	 	 Registration, Transfer and Exchange
	  	 	13	 
	 Section 3.6
	 	 Mutilated, Destroyed, Lost and Stolen Securities
	  	 	15	 
	 Section 3.7
	 	 Payment of Interest; Interest Rights Preserved
	  	 	15	 
	 Section 3.8
	 	 Persons Deemed Owners
	  	 	16	 
	 Section 3.9
	 	 Cancellation
	  	 	16	 
	 Section 3.10
	 	 Computation of Interest; Calculations
	  	 	16	 
	 Section 3.11
	 	 CUSIP Numbers
	  	 	16	 
		
	ARTICLE 4 SATISFACTION AND DISCHARGE	  	 	17	 
			
	 Section 4.1
	 	 Satisfaction and Discharge of Indenture
	  	 	17	 
	 Section 4.2
	 	 Application of Trust Money
	  	 	17	 
		
	ARTICLE 5 REMEDIES	  	 	18	 
			
	 Section 5.1
	 	 Events of Default
	  	 	18	 
	 Section 5.2
	 	 Acceleration of Maturity; Rescission and Annulment
	  	 	18	 
	 Section 5.3
	 	 Collection of Indebtedness and Suits for Enforcement by Trustee
	  	 	19	 
	 Section 5.4
	 	 Trustee May File Proofs of Claim
	  	 	19	 
	 Section 5.5
	 	 Trustee May Enforce Claims Without Possession of Securities
	  	 	20	 
	 Section 5.6
	 	 Application of Money Collected
	  	 	20	 
	 Section 5.7
	 	 Limitation on Suits
	  	 	20	 
	 Section 5.8
	 	 Unconditional Right of Holders to Receive Principal, Premium and Interest
	  	 	21	 
	 Section 5.9
	 	 Restoration of Rights and Remedies
	  	 	21	 
	 Section 5.10
	 	 Rights and Remedies Cumulative
	  	 	21	 
	 Section 5.11
	 	 Delay or Omission Not Waiver
	  	 	21	 

  
 -i- 

							
	 Section 5.12
	 	 Control by Holders of Securities
	  	 	21	 
	 Section 5.13
	 	 Waiver of Past Defaults
	  	 	22	 
	 Section 5.14
	 	 Undertaking for Costs
	  	 	22	 
		
	ARTICLE 6 THE TRUSTEE	  	 	22	 
			
	 Section 6.1
	 	 Certain Duties and Responsibilities
	  	 	22	 
	 Section 6.2
	 	 Notice of Defaults
	  	 	23	 
	 Section 6.3
	 	 Certain Rights of Trustee
	  	 	23	 
	 Section 6.4
	 	 Not Responsible for Recitals or Issuance of Securities
	  	 	24	 
	 Section 6.5
	 	 May Hold Securities
	  	 	24	 
	 Section 6.6
	 	 Money Held in Trust
	  	 	24	 
	 Section 6.7
	 	 Compensation and Reimbursement
	  	 	25	 
	 Section 6.8
	 	 Disqualifications; Conflicting Interests
	  	 	25	 
	 Section 6.9
	 	 Corporate Trustee Required; Eligibility
	  	 	25	 
	 Section 6.10
	 	 Resignation and Removal; Appointment of Successor
	  	 	25	 
	 Section 6.11
	 	 Acceptance of Appointment by Successor
	  	 	26	 
	 Section 6.12
	 	 Merger, Conversion, Consolidation or Succession to Business
	  	 	27	 
	 Section 6.13
	 	 Preferential Collection of Claims Against Issuers and the Guarantor
	  	 	27	 
	 Section 6.14
	 	 Appointment of Authenticating Agent
	  	 	28	 
		
	ARTICLE 7 HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY	  	 	29	 
			
	 Section 7.1
	 	 Issuers To Furnish Trustee Names and Addresses of Holders
	  	 	29	 
	 Section 7.2
	 	 Preservation of Information; Communications to Holders
	  	 	29	 
	 Section 7.3
	 	 Reports by Trustee
	  	 	29	 
	 Section 7.4
	 	 Reports by the Issuers and the Guarantor
	  	 	29	 
		
	ARTICLE 8 GUARANTEE	  	 	30	 
			
	 Section 8.1
	 	 Guarantee
	  	 	30	 
	 Section 8.2
	 	 No Waiver
	  	 	31	 
	 Section 8.3
	 	 Modification
	  	 	31	 
	 Section 8.4
	 	 Non-Impairment
	  	 	31	 
	 Section 8.5
	 	 Limitation on Guarantor Liability
	  	 	32	 
		
	ARTICLE 9 SUPPLEMENTAL INDENTURE	  	 	32	 
			
	 Section 9.1
	 	 Supplemental Indentures without Consent of Holders
	  	 	32	 
	 Section 9.2
	 	 Supplemental Indentures with Consent of Holders
	  	 	33	 
	 Section 9.3
	 	 Execution of Supplemental Indentures
	  	 	34	 
	 Section 9.4
	 	 Effect of Supplemental Indentures
	  	 	34	 
	 Section 9.5
	 	 Conformity with Trust Indenture Act
	  	 	34	 
	 Section 9.6
	 	 Reference in Securities to Supplemental Indentures
	  	 	34	 
		
	ARTICLE 10 COVENANTS	  	 	34	 
			
	 Section 10.1
	 	 Payment of Principal, Premium, if any, and Interest
	  	 	34	 
	 Section 10.2
	 	 Maintenance of Office or Agency
	  	 	34	 
	 Section 10.3
	 	 Money for Securities Payments To Be Held in Trust
	  	 	35	 
	 Section 10.4
	 	 Statement as to Compliance; Notice of Certain Defaults
	  	 	35	 
		
	ARTICLE 11 REDEMPTION OF SECURITIES	  	 	36	 
			
	 Section 11.1
	 	 Applicability of Article
	  	 	36	 
	 Section 11.2
	 	 Election to Redeem; Notice to Trustee
	  	 	36	 
	 Section 11.3
	 	 Selection by Trustee of Securities To Be Redeemed
	  	 	36	 
	 Section 11.4
	 	 Notice of Redemption
	  	 	36	 
	 Section 11.5
	 	 Deposit of Redemption Price
	  	 	37	 
	 Section 11.6
	 	 Securities Payable on Redemption Date
	  	 	37	 
	 Section 11.7
	 	 Securities Redeemed in Part
	  	 	37	 

  
 -ii- 

							
	ARTICLE 12 SINKING FUNDS	  	 	38	 
			
	 Section 12.1
	 	 Applicability of Article
	  	 	38	 
	 Section 12.2
	 	 Satisfaction of Sinking Fund Payments with Securities
	  	 	38	 
	 Section 12.3
	 	 Redemption of Securities for Sinking Fund
	  	 	38	 
		
	ARTICLE 13 LEGAL DEFEASANCE AND COVENANT DEFEASANCE	  	 	38	 
			
	 Section 13.1
	 	 Issuers’ Option to Effect Legal Defeasance or Covenant Defeasance
	  	 	38	 
	 Section 13.2
	 	 Legal Defeasance and Discharge
	  	 	39	 
	 Section 13.3
	 	 Covenant Defeasance
	  	 	39	 
	 Section 13.4
	 	 Conditions to Legal Defeasance or Covenant Defeasance
	  	 	39	 
	 Section 13.5
	 	 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous
Provisions
	  	 	40	 
	 Section 13.6
	 	 Reinstatement
	  	 	40	 

  
 -iii- 

 Reconciliation and tie between 

Trust Indenture Act of 1939 
 and
Indenture 
  

					
	 Trust Indenture Act Section
	  	Indenture Section	 
	 § 310 (a)(1)
	  	 	6.9	 
	 (a)(2)
	  	 	6.9	 
	 (a)(3)
	  	 	Not Applicable	 
	 (a)(4)
	  	 	Not Applicable	 
	 (a)(5)
	  	 	6.9	 
	 (b)
	  	 	6.8, 6.10	 
	 § 311 (a)
	  	 	6.13	 
	 (b)
	  	 	6.13	 
	 § 312 (a)
	  	 	7.1, 7.2(a)	 
	 (b)
	  	 	7.2(b)	 
	 (c)
	  	 	7.2(c)	 
	 § 313 (a)
	  	 	7.3(a)	 
	 (b)(1)
	  	 	Not Applicable	 
	 (b)(2)
	  	 	7.3(a)	 
	 (c)
	  	 	7.3(a)	 
	 (d)
	  	 	7.3(b)	 
	 § 314 (a)
	  	 	7.4; 10.4(a)	 
	 (b)
	  	 	Not Applicable	 
	 (c)(1)
	  	 	1.2	 
	 (c)(2)
	  	 	1.2	 
	 (c)(3)
	  	 	Not Applicable	 
	 (d)
	  	 	Not Applicable	 
	 (e)
	  	 	1.2	 
	 § 315 (a)
	  	 	6.1(a)	 
	 (b)
	  	 	6.2	 
	 (c)
	  	 	6.1(b)	 
	 (d)
	  	 	6.1(c)	 
	 (d)(1)
	  	 	6.1(a)(i),(c)(i)	 
	 (d)(2)
	  	 	6.1(c)(ii)	 
	 (d)(3)
	  	 	6.1(c)(iii)	 
	 (e)
	  	 	5.14	 
	 § 316 (a)
	  	 	1.1	 
	 (a)(1)(A)
	  	 	5.2, 5.12	 
	 (a)(1)(B)
	  	 	5.13	 
	 (a)(2)
	  	 	Not Applicable	 
	 (b)
	  	 	5.8	 
	 (c)
	  	 	1.4(d)	 
	 § 317 (a)(1)
	  	 	5.3	 
	 (a)(2)
	  	 	5.4	 
	 (b)
	  	 	10.3	 
	 § 318 (a)
	  	 	1.8	 

 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture.

  
 -iv- 

 INDENTURE, dated as of May 24, 2017, between CTR Partnership, L.P. (the
“Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an
“Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Wells Fargo Bank, National Association, a national banking association organized and existing under the
laws of the United States of America, as Trustee (the “Trustee”). 
 Recitals of The Issuers 

WHEREAS, the Issuers have duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its
unsecured debentures, notes or other evidences of indebtedness, unlimited as to principal amount, to bear such rates of interest, to mature at such time or times, to be issued in one or more series and to have such other provisions as shall be fixed
as hereinafter provided; 
 WHEREAS, the Issuers have duly authorized the execution and delivery of this Indenture and all things necessary
to make this Indenture a valid and legally binding agreement of the Issuers, in accordance with its terms, have been done; and 
 WHEREAS,
the Guarantor has duly authorized the execution and delivery of this Indenture to provide for the guarantee from time to time of the Issuers’ unsecured debentures, notes or other evidences of indebtedness, and has duly authorized the execution
and delivery of this Indenture and all things necessary to make this Indenture a valid and legally binding agreement of the Guarantor, in accordance with its terms, have been done. 

NOW, THEREFORE, THIS INDENTURE WITNESSETH: For and in consideration of the premises and the purchase of the Securities by the Holders thereof,
it is mutually covenanted and agreed, for the benefit of each other and the equal and proportionate benefit of all Holders of the Securities or of series thereof, as follows: 

ARTICLE 1 
 DEFINITIONS
AND OTHER PROVISIONS OF GENERAL APPLICATION 
 Section 1.1 Definitions. 

For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires: 

(a) the terms defined in this Article have the meanings assigned to them in this Article, and include the plural as well as the singular; 

(b) all other terms used herein that are defined in the Trust Indenture Act, either directly or by reference therein, have the meanings
assigned to them therein; 
 (c) the phrase “in writing” as used herein shall be deemed to include .pdf attachments and other
electronic means of transmission, unless otherwise indicated; 
 (d) all accounting terms not otherwise defined herein have the meanings
assigned to them in accordance with generally accepted accounting principles and, except as otherwise herein expressly provided, the terms “generally accepted accounting principles” with respect to any computation required or permitted
hereunder shall mean such accounting principles as are generally accepted at the date of such computation; and 
 (e) the words
“herein,” “hereof” and “hereunder” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. 

“Act” when used with respect to any Holders has the meaning specified in Section 1.4. 

“Affiliate” means, as applied to any Person, any other Person directly or indirectly controlling, controlled by, or under
direct or indirect common control with, such Person. For purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and “under common control with”),
as applied to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise. 

“Agent” means any Security Registrar, Paying Agent, or DTC Custodian. 

“Authenticating Agent” means any Person authorized by the Trustee pursuant to Section 6.14 to act on behalf of the
Trustee to authenticate Securities of one or more series. 

  
 1 

 “Board of Directors” means, as to any Person, the board of directors (or similar
governing body) of such Person or its manager (or, in the case of a limited partnership, of its general partner) or any duly authorized committee thereof. 

“Board Resolution” means, with respect to any Person, a copy of a resolution certified by the Secretary or an Assistant
Secretary of such Person to have been duly adopted by the Board of Directors of such Person and to be in full force and effect on the date of such certification, and delivered to the Trustee. 

“Business Day,” except as may otherwise be provided in the form or terms of Securities of any particular series pursuant to
the provisions of this Indenture, with respect to any Place of Payment means any day, other than Saturday or Sunday, that is neither a legal holiday nor a day on which the Corporate Trust Office of the Trustee or banks in the City of New York are
authorized or required by law, regulation or executive order to close. 
 “Commission” means the Securities and Exchange
Commission, as from time to time constituted, created under the Exchange Act, or if at any time after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then
the body performing such duties at such time. 
 “Corporate Trust Office” means the office or agency of the Trustee, at
which at any particular time its corporate trust business relating to this Indenture shall be principally administered, which office at the date of original execution of this Indenture is located at 333 S. Grand Avenue, 5th Floor Suite 5A , Los
Angeles, CA 90071 MAC E2064-05A, Attention: Corporate Trust Services, and with respect to Agent services such office shall also mean the office or agency of the Trustee located at 600 S. 4th Street, 7th Floor, Minneapolis, MN 55479, MAC: N9300-070,
Attention: Bondholder Communications, or such other address as the Trustee may designate from time to time by notice to the Holders and the Issuers, or the principal corporate trust office of any successor Trustee (or such other address as such
successor Trustee may designate from time to time by notice to the Holders and the Issuers). 
 “corporation” means any
corporation and any association, partnership, limited liability company or business trust. 
 “Covenant Defeasance” has the
meaning specified in Section 13.3. 
 “Defaulted Interest” has the meaning specified in Section 3.7. 

“Depositary” means with respect to the Securities of any series issuable or issued in whole or in part in global form, the
Person designated as Depositary by the Issuers pursuant to Section 3.1(c) until a successor Depositary shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Depositary” shall mean or include
each Person who is then a Depositary hereunder, and if at any time there is more than one such Person, “Depositary” as used with respect to the Securities of any such series shall mean the “Depositary” with respect to the
Securities of that series. 
 “Dollars” or “$” or any similar reference shall mean currency of the United
States, which at the time shall be legal tender for the payment of public and private debts. 
 “DTC” means The Depository
Trust Company. 
 “DTC Custodian” means the Trustee as custodian with respect to the global Securities or any successor
entity thereto. 
 “Event of Default” has the meaning specified in Section 5.1. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, or any successor statute or statutes thereto. 

“Guarantee” means the guarantee of the Issuers’ obligations under the Securities of any applicable series by the
Guarantor under this Indenture. 
 “Guaranteed Obligations” has the meaning specified in Section 8.1(a). 

“Guarantor” means (i) the Person named as the “Guarantor” in the first paragraph of this instrument until a
successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Guarantor” shall mean such successor Person, and (ii) each Subsidiary of the Issuers that becomes a guarantor of any
series of the Securities pursuant to the terms of such particular series of Securities established as contemplated by Section 3.1. References to any “Guarantor” or the “Guarantor” in this Indenture shall, with respect
to any series of Securities for which any Subsidiary of the Issuers becomes a guarantor consistent with clause (ii) above, be deemed to also refer to such Subsidiaries. 

“Holder” when used with respect to any Security means the Person in whose name the Security is registered in the Security
Register. 

  
 2 

 “Indenture” means this instrument as originally executed or as it may from time
to time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, including, for all purposes of this instrument, and any such supplemental indenture, the provisions of the
Trust Indenture Act that are deemed to be a part of and govern this instrument and any such supplemental indenture, respectively. The term “Indenture” shall also include the terms of particular series of Securities established as
contemplated by Section 3.1. 
 “Interest” when used with respect to an Original Issue Discount Security that by its
terms bears interest only after Maturity means interest payable after Maturity. 
 “Interest Payment Date” means the Stated
Maturity of an installment of interest on the applicable Securities. 
 “Issuers” means each of the Person named as the
“Issuers” in the first paragraph of this instrument. 
 “Issuers Request” and “Issuers Order”
mean, respectively, a written request or order signed in the name of each Issuer by an Officer of each Issuer, and delivered to the Trustee. 

“Legal Defeasance” has the meaning specified in Section 13.2. 

“Maturity” when used with respect to any Security means the date on which the principal of such Security or an installment of
principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, notice of redemption or otherwise. 

“Officer” means any of the following with respect to any Person: the Chairman of the Board of Directors, the Chief Executive
Officer, the Chief Financial Officer, Chief Accounting Officer, Chief Operating Officer, the President, any Vice President, the Treasurer, any Assistant Treasurer, the Controller, the General Counsel or the Secretary or any Assistant Secretary of
such Person; and, with respect to the Partnership, an individual holding any of the foregoing positions with CareTrust GP, LLC, a Delaware limited liability company, acting on its behalf as the general partner of the Partnership. 

“Officer’s Certificate” means a certificate signed by an Officer of each of the Issuers, as applicable, and delivered to
the Trustee. Unless otherwise specified herein, each such certificate shall include the statements provided for in Section 1.2. 

“Opinion of Counsel” means a written opinion of counsel, who may (except as otherwise expressly provided in this Indenture)
be an employee of or counsel for the Issuers or Parent, or other counsel acceptable to the Trustee. Unless otherwise specified herein, each such opinion shall include the statements provided for in Section 1.2 as required by the Trust Indenture
Act. 
 “Original Issue Discount Security” means a Security issued pursuant to this Indenture that provides for declaration
of an amount less than the principal thereof to be due and payable upon acceleration pursuant to Section 5.2. 

“Outstanding” when used with respect to Securities means, as of the date of determination, all Securities theretofore
authenticated and delivered under this Indenture, except: 
 (i) Securities theretofore cancelled by the Trustee or delivered
to the Trustee for cancellation; 
 (ii) Securities for whose payment or redemption money in the necessary amount has been
theretofore deposited with the Trustee or any Paying Agent (other than the Issuers or the Guarantor) in trust or set aside and segregated in trust by the Issuers (if the Issuers shall act as its own Paying Agent) for the Holders of such Securities;
provided, that, if such Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made; 

(iii) Securities as to which Legal Defeasance has been effected pursuant to Section 13.2; and 

  
 3 

 (iv) Securities that have been paid pursuant to Section 3.6 or in exchange
for or in lieu of which other Securities have been authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it that such
Securities are held by a bona fide purchaser in whose hands such Securities are valid obligations of the Issuers: 
 provided, however, that
in determining whether the Holders of the requisite principal amount of Outstanding Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder, the principal amount of an Original Issue Discount Security
that may be counted in making such determination and that shall be deemed to be outstanding for such purposes shall be equal to the amount of the principal thereof that could be declared to be due and payable pursuant to the terms of such Original
Issue Discount Security at the time the taking of such action by the Holders of such requisite principal amount is evidenced to the Trustee as provided in Section 1.4(a), and, provided, further, that Securities owned beneficially by the Issuers
or any other obligor upon the Securities or any Affiliate (other than officers or directors of the Issuers or the Guarantor) of the Issuers or such other obligor, shall be disregarded and deemed not to be outstanding, except that, in determining
whether the Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Securities that the Trustee knows to be so owned shall be so disregarded. Securities so owned that have been
pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not an Issuer or any other obligor upon the
Securities or any Affiliate of the Issuers or such other obligor. In the case of a dispute as to such right, the advice of counsel shall be full protection in respect of any decision made by the Trustee in accordance with such advice. Upon request
of the Trustee, the Issuers shall furnish to the Trustee promptly an Officer’s Certificate listing and identifying all securities known by the Issuers to be owned or held by or for the account of any of the above-described persons; and, subject
to the terms of this Indenture, the Trustee shall be entitled to accept such Officer’s Certificate as conclusive evidence of the facts therein set forth and of the fact that all Securities not listed therein are outstanding for the purpose of
any such determination. 
 “Paying Agent” means any Person authorized by the Issuers to pay the principal of (and premium,
if any) or interest on any Securities on behalf of the Issuers. 
 “Payment Default” has the meaning specified in
Section 5.1. 
 “Person” means any individual, corporation, partnership, limited liability company, joint venture,
association, joint-stock company, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 

“Place of Payment” when used with respect to the Securities of any series means the place or places where, subject to the
provisions of Section 10.2, the principal of (and premium, if any) and interest on the Securities of that series are payable as specified as provided pursuant to Section 3.1. 

“Predecessor Security” of any particular Security means every previous Security evidencing all or a portion of the same debt
as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.6 in exchange for or in lieu of a lost, destroyed, mutilated or stolen Security shall be deemed to
evidence the same debt as the lost, destroyed, mutilated or stolen Security. 
 “Redemption Date” when used with respect to
any Security to be redeemed means the date fixed for such redemption by or pursuant to this Indenture, as applicable. 
 “Redemption
Price” when used with respect to any Security to be redeemed means the price at which it is to be redeemed as determined pursuant to the provisions of this Indenture. 

“Registered Security” means any Security established pursuant to Section 2.1 that is registered in the Security
Register. 
 “Regular Record Date” for the interest payable on a Security on any Interest Payment Date means the date, if
any, specified in such Security as the “Regular Record Date.” 
 “Responsible Officer” when used with respect to
the Trustee, means any officer within the corporate trust department of the Trustee, including president, any vice president (whether or not designated by a number or a word or words added before or after the title “vice president”), any
assistant treasurer, any senior trust officer or trust officer, or any other officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers, who in each case shall have direct
responsibility for the administration of this Indenture, and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his knowledge of and familiarity with the particular subject.

 “Security” or “Securities” means any Security or Securities, as the case may be, authenticated and
delivered under this Indenture. 
 “Security Register” and “Security Registrar” have the respective
meanings specified in Section 3.5. 

  
 4 

 “Special Record Date” for the payment of any Defaulted Interest on the
Securities of any series means a date fixed by the Trustee pursuant to Section 3.7. 
 “Stated Maturity” when used
with respect to any Security or any installment of principal thereof or interest thereon means the date specified in such Security as the fixed date on which the principal of such Security or such installment of principal or interest is due and
payable. 
 “Subsidiary” means, with respect to any Person, (i) any corporation, association or other business entity
of which more than 50% of the voting power of the outstanding Voting Stock is owned, directly or indirectly, by such Person and one or more other Subsidiaries of such Person and (ii) any partnership, limited liability company, association,
joint venture or other entity in which such Person and/or one or more other Subsidiaries of such Person has more than a 50% equity interest at the time, and in each of clauses (i) and (ii) which would be consolidated with those of such
Person in its consolidated financial statements in accordance with generally accepted accounting principles, if such statements were prepared as of such date. 

“Trust Indenture Act” means the Trust Indenture Act of 1939, as amended, as in force at the date as of which this instrument
was executed; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act” means, to the extent required by any such amendment, the Trust Indenture Act of 1939 as so
amended. 
 “Trustee” means the Person named as the “Trustee” in the first paragraph of this instrument until a
successor Trustee shall have become such with respect to one or more series of Securities pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean each Person who is then a Trustee hereunder, and if at
any time there is more than one such Person, “Trustee” shall mean each such Person and as used with respect to the Securities of any series shall mean the Trustee with respect to the Securities of that series. 

“U.S. Government Obligations” means securities that are (i) direct obligations of the United States for the payment of
which its full faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States the timely payment of which is unconditionally guaranteed as a full faith and
credit obligation by the United States, that, in either case under clauses (i) or (ii), are not callable or redeemable at the option of the issuer thereof, and shall also include a depository receipt issued by a bank or trust company as
custodian with respect to any such U.S. Government Obligation or a specific payment of interest on or principal of any such U.S. Government Obligation held by such custodian for the account of the holder of a depository receipt; provided,
that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the U.S. Government Obligation or the
specific payment of interest on or principal of the U.S. Government Obligation evidenced by such depository receipt. 
 “U.S.A.
Patriot Act” has the meaning specified in Section 1.17. 
 “Voting Stock” means with respect to any Person,
Capital Stock of any class or kind ordinarily having the power to vote for the election of directors, managers or other voting members of the governing body of such Person. 

Section 1.2 Compliance Certificates and Opinions. 

Upon any application or request by the Issuers to the Trustee to take any action under any provision of this Indenture, the Issuers shall
furnish to the Trustee such certificates and opinions as may be required under the Trust Indenture Act. Each such certificate or opinion shall be given in the form of an Officer’s Certificate, signed by an Officer of each of the Issuers, and an
Opinion of Counsel, if to be given by counsel, and shall comply with the requirements of the Trust Indenture Act and any other requirements set forth in this Indenture. 

Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture shall include: 

(a) a statement that each individual signing such certificate or opinion has read such condition or covenant and the definitions herein
relating thereto; 
 (b) a brief statement as to the nature and scope of the examination or investigation upon which the statements or
opinions contained in such certificate or opinion are based; 
 (c) a statement that, in the opinion of each such individual, he has made
such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such condition or covenant has been complied with; and 

  
 5 

 (d) a statement as to whether, in the opinion of each such individual, such condition or covenant
has been complied with. 
 Section 1.3 Form of Documents Delivered to Trustee. 

In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that
all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other
such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. Any certificate or opinion of an Officer of the Issuers may be based, insofar as it relates to legal matters, upon a
certificate or opinion of, or representations by, counsel, unless such Officer knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to the matters upon which his certificate or
opinion is based are erroneous. Any Opinion of Counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an Officer or Officers of the Issuers or the Guarantor unless such counsel knows,
or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to such matters are erroneous. Any Opinion of Counsel may contain customary assumptions, qualifications, exceptions and limitations.

 Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or
other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 
 Any certificate, statement or
opinion of an Officer of the Issuers, the Guarantor or Guarantors, or of counsel may be based insofar as it relates to accounting matters, upon a certificate or opinion of or representations by a firm of accountants or an accountant in the employ of
the Issuers, the Guarantor or Guarantors, unless such Officer or counsel, as the case may be, knows that the certificate or opinion or representations with respect to the accounting matters upon which his certificate, statement or opinion may be
based as aforesaid are erroneous, or in the exercise of reasonable care should know that the same are erroneous. 
 Any certificate or
opinion of any independent firm of public accountants filed with the Trustee shall contain a statement that such firm is independent. 

Section 1.4 Acts of Holders. 

(a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by
Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agent duly appointed in writing. Except as herein otherwise expressly provided, such action shall become
effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Issuers. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes
referred to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent, or of the holding by any Person of a Security, shall be sufficient for any
purpose of this Indenture and (subject to Section 6.1) conclusive in favor of the Trustee and the Issuers and any agent of the Trustee or the Issuers, if made in the manner provided in this Section. 

(b) The fact and date of the execution by any Person of any such instrument or writing may be proved in any reasonable manner that the Trustee
deems sufficient and in accordance with such reasonable rules as the Trustee may determine; and the Trustee may in any instance require further proof with respect to any of the matters referred to in this Section. 

(c) The ownership of Securities and the principal amount and serial numbers of Securities held by any Person, and the date of holding the same,
shall be proved by the Security Register. 
 (d) If the Issuers shall solicit from the Holders of any Securities any request, demand,
authorization, direction, notice, consent, waiver or other Act, the Issuers may, at their option, by Board Resolution, fix in advance a record date for the determination of Holders of Securities entitled to give such request, demand, authorization,
direction, notice, consent, waiver or other Act, but the Issuers shall have no obligation to do so. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given before or after
such record date, but only the Holders of Securities of record at the close of business on such record date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of Outstanding Securities have
authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose the Outstanding Securities shall be computed as of such record date; provided, that no such
authorization, agreement or consent by the Holders on such record date shall be deemed effective unless it shall become effective pursuant to the provisions of this Indenture not later than six months after the record date. 

  
 6 

 (e) Any request, demand, authorization, direction, notice, consent, waiver or other action by the
Holder of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done or suffered to be
done by the Trustee, any Security Registrar, any Paying Agent, the Issuers, the Guarantor in reliance thereon, whether or not notation of such action is made upon such Security. 

Section 1.5 Notices, Etc., to Trustee and Issuers. 

Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this
Indenture to be made upon, given or furnished to, or filed with, 
 (a) the Trustee by any Holder or by the Issuers shall be sufficient for
every purpose hereunder if made, given, furnished or filed in writing to or with the Trustee at its Corporate Trust Office, Attention: Corporate Trust Administration, or 

(b) the Issuers by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if
in writing and mailed, first-class postage prepaid, or overnight courier guaranteeing next day delivery, to the Issuers addressed to the attention of their chief financial officers at the address of its principal office specified in the first
paragraph of this instrument or at any other address previously furnished in writing to the Trustee by the Issuers. 
 Section 1.6
Notice to Holders of Securities; Waiver. 
 Except as otherwise expressly provided herein or in the form of Securities of any
particular series pursuant to the provisions of this Indenture, where this Indenture provides for notice to Holders of Securities of any event, such notice shall be sufficiently given to Holders of Securities if in writing and mailed, first-class
postage prepaid, to each Holder of a Security affected by such event, at his address as it appears in the Security Register (or, to the extent permitted or required by applicable DTC procedures or regulations, sent electronically), not later than
the latest date, and not earlier than the earliest date, prescribed for the giving of such notice. 
 In any case where notice to Holders of
Securities is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder of a Security shall affect the sufficiency of such notice with respect to other Holders of Securities. In the case
by reason of the suspension of regular mail service or by reason of any other cause it shall be impracticable to give such notice by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient
notification for every purpose hereunder. 
 Where this Indenture provides for notice in any manner, such notice may be waived in writing by
the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders of Securities shall be filed with the Trustee, but such filing shall not be a
condition precedent to the validity of any action taken in reliance upon such waiver. 
 Section 1.7 Language of Notices, Etc.

 Any request, demand, authorization, direction, notice, consent, election or waiver required or permitted under this Indenture shall be in
the English language, except that, if the Issuers so elect, any published notice may be in an official language of the country of publication. 

Section 1.8 Conflict with Trust Indenture Act. 

If any provision hereof limits, qualifies or conflicts with a provision of the Trust Indenture Act that is required under the Trust Indenture
Act to be a part of and govern this Indenture, the latter provision shall control. If any provision of this Indenture modifies or excludes any provision of the Trust Indenture Act that may be so modified or excluded, the latter provision shall be
deemed to apply to this Indenture as so modified or to be excluded, as the case may be. 
 Section 1.9 Effect of Headings and Table
of Contents. 
 The Article and Section headings herein, the Trust Indenture Act reconciliation, and the Table of Contents are for
convenience only and shall not affect the construction hereof. 

  
 7 

 Section 1.10 Successors and Assigns. 

All covenants and agreements in this Indenture by the Issuers and the Guarantors shall bind their respective successors and assigns, whether
so expressed or not. 
 Section 1.11 Separability Clause. 

In case any provision in this Indenture or the Securities or in any Guarantee shall be invalid, illegal or unenforceable, the validity,
legality or enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 1.12
Benefits of Indenture. 
 Nothing in this Indenture or in the Securities or in any Guarantee, express or implied, shall give to any
Person, other than the parties hereto, any Agent, any Security Registrar, any Paying Agent, any Authenticating Agent and their successors hereunder and the Holders of Securities, any benefit or any legal or equitable right, remedy or claim under
this Indenture. 
 Section 1.13 Governing Law. 

This Indenture, the Securities and any Guarantee shall be governed by and construed in accordance with the laws of the State of New York. 

Section 1.14 Legal Holidays. 

In any case where any Interest Payment Date, Redemption Date or Stated Maturity of any Security shall not be a Business Day at any Place of
Payment, then (notwithstanding any other provision of this Indenture or the Securities other than a provision in the Securities that specifically states that such provision shall apply in lieu of this Section) payment of interest or principal (and
premium, if any) need not be made at such Place of Payment on such date, but shall be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if made on the Interest Payment Date or Redemption Date, or at
the Stated Maturity, and no interest shall accrue on the amount so payable for the period from and after such Interest Payment Date, Redemption Date or Stated Maturity, as the case may be. 

Section 1.15 Waiver of Jury Trial. 

EACH OF THE COMPANY, ANY GUARANTOR, THE TRUSTEE AND EACH HOLDER OF ANY SECURITY BY ITS ACCEPTANCE THEREOF HEREBY IRREVOCABLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES OR THE TRANSACTION CONTEMPLATED HEREBY. EACH OF THE ISSUERS AND ANY GUARANTORS HEREBY
IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY NEW YORK STATE COURT SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK OR ANY FEDERAL COURT SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK IN RESPECT OF ANY SUIT,
ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES AND THE GUARANTEES, AND IRREVOCABLY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, NON-EXCLUSIVE JURISDICTION OF THE AFORESAID
COURTS. 
 Section 1.16 Force Majeure. 

In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of
or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and
interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts that are consistent with accepted practices in the banking industry to
resume performance as soon as practicable under the circumstances. 
 Section 1.17 U.S.A. Patriot Act. 

The parties hereto acknowledge that in accordance with Section 326 of the Uniting and Strengthening America by Providing Appropriate
Tools Required to Intercept and Obstruct Terrorism (U.S.A. Patriot Act) Act of 2001, as amended (the “U.S.A. Patriot Act”), the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money
laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties hereto agree that they will provide the Trustee with such
information as it may request in order for the Trustee to satisfy the requirements of the U.S.A. Patriot Act, including, but not limited to, each party’s name, physical address, tax identification number and other information reasonably
requested by the Trustee that will help the Trustee identify and verify each party’s identity such as organizational documents, certificate of good standing, license to do business, or other pertinent identifying information. 

  
 8 

 Section 1.18 Tax Withholding and Reporting. 

Notwithstanding any other provision of this Indenture, the Trustee shall be entitled to make a deduction or withholding from any payment which
it makes under this Indenture for or on account of any present or future taxes, duties or charges if and to the extent so required by any applicable law and any current or future regulations or agreements thereunder or official interpretations
thereof or any law implementing an intergovernmental approach thereto or by virtue of the relevant Holder failing to satisfy any certification or other requirements in respect of the Securities, in which event the Trustee shall make such payment
after such withholding or deduction has been made and shall account to the relevant authorities for the amount so withheld or deducted and shall have no obligation to gross up any payment hereunder or pay any additional amount as a result of such
withholding tax. In connection with any proposed exchange of a certificated Security for a Security in global form, the Issuers or the Depositary shall use commercially reasonable efforts to provide or cause to be provided to the Trustee any
information in the Issuer’s or DTC’s possession in the ordinary course of business that is reasonably necessary to allow the Trustee to comply with any applicable tax reporting obligations, including without limitation any cost basis
reporting obligations under Section 6045 of the Internal Revenue Code. The Trustee may rely on information provided to it and shall have no responsibility to verify or ensure the accuracy of such information. 

ARTICLE 2 
 SECURITY
FORMS 
 Section 2.1 Forms Generally. 

The Securities, if any, of each series and Securities in global form, if any, shall be in the form established by or pursuant to a Board
Resolution or in one or more indentures supplemental hereto, shall have appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture or any indenture supplemental hereto and may have such
letters, numbers or other marks of identification and such legends or endorsements placed thereon as may, consistently herewith, be determined by the Officers of the Issuers executing such Securities, as evidenced by their execution of such
Securities. If the forms of the Securities of any series are established by action taken pursuant to a Board Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of each of the
Issuers or, with respect to the Partnership, the Secretary or Assistant Secretary of its general partner, and delivered to the Trustee at or prior to the delivery of the Issuers Order contemplated by Section 3.3 for the authentication and
delivery of such Securities. 
 Unless otherwise provided as contemplated by Section 3.1 with respect to any series of Securities, the
Securities of each series shall be issuable in registered form without coupons. 
 The definitive Securities shall be printed, lithographed
or engraved or produced by any combination of these methods on a steel engraved border or steel engraved borders or may be produced in any other manner, all as determined by the Officers of the Issuers executing such Securities, as evidenced by
their execution of such Securities. 
 The Guarantee of any applicable series of Securities shall be in the form established by or pursuant
to a Board Resolution or in one or more indentures supplemental hereto, shall have appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture or any indenture supplemental hereto and may have
such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may, consistently herewith, be determined by the Officers of the Guarantor executing such Guarantee, as evidenced by their execution of such
Guarantee. 
 Section 2.2 Form of Trustee’s Certificate of Authentication. 

The Trustee’s Certificate of Authentication shall be in substantially the following form: 

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

 

			
	Wells Fargo Bank, National Association, as Trustee
		
	By:	 	 
		 	Authorized Signatory
		
	Dated:	 	 

  
 9 

 Section 2.3 Securities in Global Form. 

If Securities of a series are issuable in whole or in part in global form, any such Security may provide that it shall represent the aggregate
amount of Outstanding Securities from time to time endorsed thereon and may also provide that the aggregate amount of Outstanding Securities represented thereby may from time to time be reduced to reflect exchanges or partial redemptions or
increased to reflect the issuance of additional Securities. Any endorsement of a Security in global form to reflect the amount, or any increase or decrease in the amount, of Outstanding Securities represented thereby shall be made in such manner and
by such Person or Persons, as shall be specified therein or in the Issuers Order delivered to the Trustee pursuant to Section 3.3. 

ARTICLE 3 
 THE
SECURITIES 
 Section 3.1 Amount Unlimited; Issuable in Series. 

The aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited. 

The Securities may be issued in one or more series. There shall be established in or pursuant to a Board Resolution, and set forth in an
Officer’s Certificate, or established in one or more indentures supplemental hereto prior to the issuance of Securities of any series: 

(a) the title of the Securities and the series in which such Securities shall be included; 

(b) the limit, if any, upon the aggregate principal amount of the Securities of such title and the Securities of such series that may be
authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Section 3.4, 3.5, 3.6, 9.6 or
11.7); 
 (c) whether Securities of the series may be issued in whole or in part in global form and, if so, the identity of the Depositary
for such Securities in global form, and the terms and conditions, if any, upon which interests in such Securities in global form may be exchanged, in whole or in part, for the individual Securities represented thereby; 

(d) the date or dates on which the principal of such Securities is payable; 

(e) the rate or rates at which such Securities shall bear interest, if any, or method by which such rate or rates are determined, the date or
dates from which such interest shall accrue, the Interest Payment Dates on which such interest shall be payable and the Regular Record Date for the interest payable on Registered Securities on any Interest Payment Date, and the basis upon which
interest shall be calculated if other than that of a 360-day year of twelve 30-day months; 
 (f) the place or places, if any, in addition to
or other than the Corporate Trust Office, where the principal of (and premium, if any) and interest on, payable in respect of such Securities shall be payable, where such Securities may be surrendered for registration of transfer, where such
Securities may be surrendered for exchange and where notice and demands to or upon the Issuers, in respect of such Securities and this Indenture, may be served and where notices to Holders pursuant to Section 1.6 will be published; 

(g) the period or periods within which, the price or prices at which and the terms and conditions upon which such Securities may be redeemed,
in whole or in part, at the option of the Issuers or a Holder and, in furtherance thereof, any addition to, elimination of, replacement of or other change in Article 11; 

(h) the obligation, if any, of the Issuers to redeem such Securities pursuant to any sinking fund and the period or periods within which, the
price or prices at which and the terms and conditions upon which such Securities shall be redeemed in whole or in part, pursuant to such obligation; 

(i) the denominations in which Securities of the series, if any, shall be issuable if other than denominations of $2,000 and any integral
multiples of $1,000 in excess thereof; 
 (j) if other than the principal amount thereof, the portion of the principal amount of such
Securities that shall be payable upon acceleration of the Maturity thereof pursuant to Section 5.2; 
 (k) if the amount of payments of
principal of (and premium, if any) or interest, if any, on such Securities may be determined with reference to an index, formula or other method other than that in which the Securities are stated to be payable, the manner in which such amounts shall
be determined; 

  
 10 

 (l) if the Securities of such series are to be issuable in definitive form (whether upon
original issue or upon exchange of a temporary Security of such series) only upon receipt of certain certificates or other documents or satisfaction of other conditions, then the form and terms of such certificates, documents or conditions; 

(m) any addition to, elimination of, replacement of or other change in Article 5; 

(n) whether and upon what terms the Securities of any series may be defeased if different from the provisions set forth herein; 

(o) any addition to, elimination of, replacement of or other change in the covenants in Article 10; 

(p) the currency, currencies or currency units in which payment of principal of (and premium, if any) or interest, if any, on any Securities of
the series shall be payable if other than the currency of the United States of America; 
 (q) if the principal of (and premium, if any) or
interest, if any, on any Securities of the series is to be payable, at the election of the Issuers or a Holder thereof, in one or more currencies or currency units other than that or those in which the Securities are stated to be payable, the
currency, currencies or currency units in which principal of (and premium, if any) or interest, if any, on any Securities of such series as to which such election is made shall be payable, and the periods within which and the terms and conditions
upon which such election is to be made; 
 (r) whether the Securities will be guaranteed, including by Parent, and the terms of any such
guarantee, the terms and conditions of such guarantees and provisions for the accession of the guarantors to certain obligations hereunder or any provisions for termination of guarantees, including any addition to, elimination of, replacement of or
other change in Article 8; 
 (s) whether the Securities will have any conversion features; 

(t) any addition to, elimination of, replacement of or other change in Article 1, Article 4, Article 7, Article 8, Article 9, Article 12 and
Article 13; and 
 (u) any other terms of such Securities (which terms shall not be inconsistent with the provisions of this Indenture except
as permitted by Section 9.1(d)). 
 All Securities of any one series shall be substantially identical except as to denomination and the
rate or rates of interest, if any, issue date, issue price, redemption dates and sinking fund dates, if any, and Stated Maturity, the date from which interest, if any, shall accrue, the amount that shall be payable upon the declaration of
acceleration and except as may otherwise be provided in or pursuant to such Board Resolution and set forth in such Officer’s Certificate or in any such indenture supplemental hereto. All Securities of any one series need not be issued at the
same time and, unless otherwise provided, a series may be reopened for issuances of additional Securities of such series. 
 If any of the
terms of the Securities of any series were established by action taken pursuant to a Board Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of each of the Issuers, or with
respect to the Partnership, the Secretary or Assistant Secretary of its general partner, and delivered to the Trustee at or prior to the delivery of the Officer’s Certificate setting forth the terms of such series. 

Section 3.2 Denominations. 

Unless other denominations and amounts may from time to time be fixed by or pursuant to a Board Resolution, the Registered Securities of each
series, if any, shall be issuable in registered form without coupons in denominations of $2,000 and any integral multiples of $1,000 in excess thereof. 

Section 3.3 Execution, Authentication, Delivery and Dating. 

The Securities shall be executed on behalf of the Issuers by an Officer of each of the Issuers. The signature of any of these Officers on the
Securities may be manual or facsimile in the form of a .pdf attachment or by other means of electronic transmission showing such signature. Typographical and other minor errors or defects in any such signature shall not affect the validity or
enforceability of any Security that has been duly authenticated and delivered by the Trustee. 
 Securities bearing the signatures of
individuals who were at any time the proper Officers of the Issuers shall bind the Issuers, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities or did not
hold such offices at the date of such Securities. 

  
 11 

 At any time and from time to time after the execution and delivery of this Indenture, the Issuers
may deliver Securities of any series, executed by the Issuers, to the Trustee for authentication, together with the Board Resolution and Officer’s Certificate or supplemental indenture with respect to such Securities referred to in
Section 3.1 and an Issuers Order for the authentication and delivery of such Securities, and the Trustee in accordance with the Issuers Order and subject to the provisions hereof shall authenticate and deliver such Securities. In authenticating
such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to receive, and (subject to Section 6.1) shall be fully protected in relying upon, an Opinion of
Counsel stating, 
 (a) that the form and terms of such Securities have been established in conformity with the provisions of this Indenture;

 (b) that all conditions precedent set forth in this Indenture to the authentication and delivery of such Securities have been complied
with and that such Securities, when authenticated and delivered by the Trustee and issued by the Issuers in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and binding obligations of the Issuers,
enforceable against the Issuers in accordance with their terms, subject to bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization and other laws of general applicability relating to or affecting the enforcement of creditors’
rights and to general equity principles; and 
 (c) as to such other matters as the Trustee may reasonably request; 

provided, however, that if all the Securities of any series are not to be issued at one time, it shall not be necessary to deliver an Opinion of
Counsel at the time of issuance of each Security, but such Opinion of Counsel, with appropriate modifications, may instead be delivered at or prior to the time of the first issuance of Securities of such series. 

The Trustee shall not be required to authenticate such Securities if the issue of such Securities pursuant to this Indenture will affect the
Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner that is not reasonably acceptable to the Trustee or if the Trustee, being advised by counsel, determines that such action may not
lawfully be taken. 
 If the Issuers shall establish pursuant to Section 3.1 that Securities of a series may be issued in whole or in
part in global form, then the Issuers shall execute and the Trustee shall, in accordance with this Section and the Issuers Order with respect to such series, authenticate and deliver one or more Securities in global form that (i) shall
represent and shall be denominated in an authorized aggregate amount equal to the aggregate principal amount of the Outstanding Securities of such series and tenor to be represented by one or more Securities in global form, (ii) shall be
registered, in the name of the Depositary for such Security or Securities in global form or the nominee of such Depositary, (iii) shall be delivered to such Depositary or pursuant to such Depositary’s instruction and (iv) shall bear a
legend substantially to the following effect: “Unless and until it is exchanged in whole or in part for Notes in certificated form, this Note 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 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 Depository Trust Company (55 Water Street, New York, New York) to the issuer or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of CEDE & CO. or such
other name as requested by an authorized representative of The Depository Trust Company and any payment is made to CEDE & CO., any transfer, pledge or other use hereof for value or otherwise by or to any person is wrongful since the
registered owner hereof, CEDE & CO., has an interest herein.” Each Depositary designated pursuant to Section 3.1 for a Security in global form must, at the time of its designation and at all times while it serves as Depositary, be
a clearing agency registered under the Exchange Act and any other applicable statute or regulation. Neither the Trustee nor any Agent shall have the responsibility for any actions taken or not taken by the Depositary. 

Each Security shall be dated the date of its authentication. 

No Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose, unless there appears on such
Security a certificate of authentication substantially in the form provided for in Section 2.2 or 6.14 executed by or on behalf of the Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Security
shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder. Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and
sold by the Issuers, and the Issuers shall deliver such Security to the Trustee for cancellation as provided in Section 3.9 for all purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered
hereunder and shall never be entitled to the benefits of this Indenture. 

  
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 Section 3.4 Temporary Securities. 

Pending the preparation of definitive Securities of any series, the Issuers may execute and deliver to the Trustee, and upon Issuers Order the
Trustee shall authenticate and deliver, in the manner provided in Section 3.3, temporary Securities of such series that are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of
the tenor of the definitive Securities in lieu of which they are issued, in registered form without coupons and with such appropriate insertions, omissions, substitutions and other variations as the Officers of the Issuers executing such Securities
may determine, as evidenced by their execution of such Securities. In the case of Securities of any series, such temporary Securities may be in global form, representing all of the Outstanding Securities of such series and tenor. 

Except in the case of temporary Securities in global form, which shall be exchanged in accordance with the provisions thereof, if temporary
Securities of any series are issued, the Issuers will cause definitive Securities of that series to be prepared without unreasonable delay. After the preparation of definitive Securities, the temporary Securities of such series shall be exchangeable
upon request for definitive Securities of such series containing identical terms and provisions upon surrender of the temporary Securities of such series at an office or agency of the Issuers maintained for such purpose pursuant to
Section 10.2, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities of any series, the Issuers shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal
amount of definitive Securities of authorized denominations of the same series containing identical terms and provisions. Unless otherwise specified as contemplated by Section 3.1 with respect to a temporary Security in global form, until so
exchanged the temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of such series. 

Section 3.5 Registration, Transfer and Exchange. 

With respect to the Securities of each series, if any, the Issuers shall cause to be kept, at an office or agency of the Issuers maintained
pursuant to Section 10.2, a register (herein sometimes referred to as the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Issuers shall provide for the registration of the Securities of
each series and of transfers of the Securities of each series. The Trustee is hereby appointed “Security Registrar” for the purpose of registering Securities and transfers and exchanges of Securities as herein provided; provided,
that the Issuers may, from time to time, designate (or change any designation of) any other Person or Persons to act as Security Registrar or co-Security Registrars with respect to the Securities of one or more series, with written notice to the
Trustee and as provided in Section 1.6 to the Holders. At all reasonable times the Security Register shall be open for inspection by the Issuers. In the event that the Trustee shall not be the Security Registrar, it shall have the right to
examine the Security Register at all reasonable times. 
 Upon surrender for registration of transfer of any Security of any series at any
office or agency of the Issuers maintained for that series pursuant to Section 10.2, the Issuers shall execute, and the Trustee, at the direction of the Issuers pursuant to an Issuers Order, shall authenticate and deliver, in the name of the
designated transferee or transferees, one or more new Securities of the same series of an authorized denomination, of a like aggregate principal amount bearing a number not contemporaneously outstanding and containing identical terms and provisions.

 Notwithstanding any other provision of this Section, unless and until it is exchanged in whole or in part for the individual Securities
represented thereby, in definitive form, a Security in global form representing all or a portion of the Securities of a series may not be transferred except as a whole by the Depositary for such series to a nominee of such Depositary or by a nominee
of such Depositary to such Depositary or another nominee of such Depositary or by such Depositary or any such nominee to a successor Depositary for such series or a nominee of such successor Depositary. In connection with any proposed exchange of a
certificated Security for a Security in global form, the Issuers or the Depositary shall use commercially reasonable efforts to provide or cause to be provided to the Trustee all information necessary to allow the Trustee to comply with any
applicable tax reporting obligations, including without limitation any cost basis reporting obligations under Section 6045 of the Internal Revenue Code. The Trustee may rely on information provided to it and shall have no responsibility to
verify or ensure the accuracy of such information. 
 At the option of the Holder, Securities of any series may be exchanged for other
Securities of the same series containing identical terms and provisions, in any authorized denominations, and of a like aggregate principal amount, upon surrender of the Securities to be exchanged at any such office or agency of the Issuers
maintained for that series pursuant to Section 10.2. Whenever any Securities are so surrendered for exchange, the Issuers shall execute, and the Trustee, at the direction of the Issuers, shall authenticate and deliver, the Securities that the
Holder making the exchange is entitled to receive. 
 If at any time the Depositary for the Securities of a series notifies the Issuers that
it is unwilling or unable to continue as Depositary for the Securities of such series or if at any time the Depositary for the Securities of such series shall no longer 

  
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be eligible under Section 3.3, the Issuers, by Issuers Order, shall appoint a successor Depositary with respect to the Securities of such series. If a successor Depositary for the Securities
of such series is not appointed by the Issuers within 90 days after the Issuers receive such notice or become aware of such ineligibility, the Issuers’ election pursuant to Section 3.1(c) shall no longer be effective with respect to the
Securities of such series and the Issuers will execute, and the Trustee, upon receipt of an Issuers Order for the authentication and delivery of definitive Securities of such series, will authenticate and deliver, Securities of such series in
definitive form in an aggregate principal amount and of like terms and tenor equal to the principal amount of the Security or Securities in global form representing such series in exchange for such Security or Securities in global form. 

The Issuers may at any time and in their sole discretion determine that individual Securities of any series issued in global form shall no
longer be represented by such Security or Securities in global form. In such event the Issuers will execute, and the Trustee, upon receipt of an Issuers Order for the authentication and delivery of individual definitive Securities of such series and
of the same terms and tenor, will authenticate and deliver individual Securities of such series in definitive form in authorized denominations and in an aggregate principal amount equal to the principal amount of the Security or Securities in global
form representing such series in exchange for such Security or Securities in global form. 
 If specified by the Issuers pursuant to
Section 3.1 with respect to a series of Securities, the Depositary for such series of Securities may surrender a Security in global form for such series of Securities in exchange in whole or in part for individual Securities of such series in
definitive form and of like terms and tenor on such terms as are acceptable to the Issuers, the Trustee and such Depositary. Thereupon, the Issuers shall execute, and the Trustee upon receipt of an Issuers Order for the authentication and delivery
of individual definitive Securities of such series, shall authenticate and deliver, without service charge: 
 (a) to the Depositary or to
each Person specified by such Depositary a new individual Security or Securities of the same series and of the same tenor, of authorized denominations, in aggregate principal amount equal to and in exchange for such Person’s beneficial interest
in the Security in global form; and 
 (b) to such Depositary a new Security in global form in a denomination equal to the difference, if
any, between the principal amount of the surrendered Security in global form and the aggregate principal amount of the individual Securities delivered to Holders thereof. 

In any exchange provided for in any of the preceding three paragraphs, the Issuers will execute and the Trustee pursuant to an Issuers Order
will authenticate and deliver individual Securities in definitive registered form in authorized denominations. 
 Upon the exchange of a
Security in global form for Securities in definitive form, at the direction of the Issuers, such Security in global form shall be cancelled by the Trustee. Securities issued in exchange for a Security in global form pursuant to this Section shall be
registered in such names and in such authorized denominations as the Depositary for such Security in global form, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee in writing. The Trustee
shall deliver such Securities to the persons in whose names such Securities are so registered or to the Depositary. 
 Whenever any
Securities are so surrendered for exchange, the Issuers shall execute, and the Trustee, at the direction of the Issuers, shall authenticate and deliver, the Securities that the Holder making the exchange is entitled to receive. 

All Securities issued upon any registration of transfer or exchange of Securities shall be the valid obligations of the Issuers, evidencing
the same debt, and entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange. 

Every Security presented or surrendered for registration of transfer or for exchange or redemption shall (if so required by the Issuers or the
Security Registrar for such series of Security presented) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Issuers and such Security Registrar duly executed by the Holder thereof or his attorney
duly authorized in writing. 
 No service charge shall be made for any registration of transfer or exchange of Securities, but the Issuers
may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to Section 3.4, 9.6 or 11.7 not
involving any transfer. 
 The Issuers shall not be required (i) to issue, register the transfer of or exchange any Securities of any
series during a period beginning at the opening of business 15 days before the day of the selection for redemption of Securities of that series under Section 11.3 and ending at the close of business on the day of such selection, or (ii) to
register the transfer of or exchange any Security so selected for redemption in whole or in part, except in the case of any Security to be redeemed in part, the portion thereof not to be redeemed. 

  
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 Section 3.6 Mutilated, Destroyed, Lost and Stolen Securities. 

If any mutilated Security is surrendered to the Trustee, the Issuers shall execute and the Trustee, at the direction of the Issuers pursuant
to an Issuers Order, shall authenticate and deliver in exchange therefor a new Security of the same series containing identical terms and of like principal amount and bearing a number not contemporaneously outstanding. 

If there shall be delivered to the Issuers and to the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any
Security, and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Issuers or the Trustee that such Security has been acquired by a bona
fide purchaser, the Issuers shall execute and upon its request the Trustee shall authenticate and deliver, in exchange for or in lieu of any such destroyed, lost or stolen Security, a new Security of the same series containing identical terms and of
like principal amount and bearing a number not contemporaneously outstanding. 
 In case any such mutilated, destroyed, lost or stolen
Security has become or is about to become due and payable, the Issuers in their discretion may, instead of issuing a new Security, pay such Security. 

Upon the issuance of any new Security under this Section, the Issuers may require the payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 

Every new Security of any series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an
original additional contractual obligation of the Issuers, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with
any all other Securities of that series duly issued hereunder. 
 The provisions of this Section are exclusive and shall preclude (to the
extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 

Section 3.7 Payment of Interest; Interest Rights Preserved. 

Interest on any Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall, if so provided in
such Security, be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered as of the close of business on the Regular Record Date for such interest. 

Any interest on any Security of any series that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date for
such Security (herein called “Defaulted Interest”) shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder; and such Defaulted Interest may be paid by the Issuers, at their
election in each case, as provided in clause (a) or (b) below: 
 (a) The Issuers may elect to make payment of any Defaulted
Interest to the Persons in whose names the Securities affected (or their respective Predecessor Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed in the
following manner. The Issuers shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each such Security and the date of the proposed payment, and at the same time the Issuers shall deposit with the Trustee an
amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to
be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest, which shall be not more than 15 days
and not less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Issuers of such Special Record Date and, in
the names and at the expense of the Issuers, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first class postage prepaid, to each Holder of such Securities at his address as it
appears in the Security Register not less than 10 days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been mailed as aforesaid, such Defaulted Interest shall
be paid to the Persons in whose names such Securities (or their respective Predecessor Securities) are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following clause (b). 

(b) The Issuers may make payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements of any securities
exchange on which such Securities may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Issuers to the Trustee of the proposed payment pursuant to this clause, such payment shall be deemed practicable
by the Trustee. 

  
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 Interest on Securities of any series that bear interest may be paid by mailing a check to the
address of the person entitled thereto as such address shall appear in the Security Register or by wire transfer or other electronic means. 

Subject to the foregoing provisions of this Section and Section 3.5, each Security delivered under this Indenture upon registration of
transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security. 

Section 3.8 Persons Deemed Owners. 

Prior to due presentment of a Security for registration of transfer, the Issuers, the Trustee and any agent of the Issuers or the Trustee may
treat the Person in whose name such Security is registered as the owner of such Security for the purpose of receiving payment of principal of (and premium, if any), and (subject to Sections 3.5 and 3.7) interest on such Security and for all
other purposes whatsoever, whether or not such Security be overdue, and neither the Issuers, the Guarantor or Guarantors, the Trustee nor any agent of the Issuers or the Trustee shall be affected by notice to the contrary. 

None of the Issuers, the Guarantor, the Trustee, any Authenticating Agent, any Paying Agent, the Security Registrar or any co-Security
Registrar will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Security in global form or for maintaining, supervising or reviewing any records
relating to such beneficial ownership interests and each of them may act or refrain from acting without liability on any information relating to such records provided by the Depositary. 

Section 3.9 Cancellation. 

All Securities surrendered for payment, redemption, repayment, registration of transfer or exchange or for credit against any sinking fund
payment, if surrendered to any Person other than the Trustee, shall be delivered to the Trustee, and any such Securities and Securities surrendered directly to the Trustee for any such purpose shall be promptly cancelled by it. The Issuers and the
Guarantor may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Issuers or the Guarantor may have acquired in any manner whatsoever, and all Securities so delivered shall be
promptly cancelled by the Trustee at the direction of the Issuers. No securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All
cancelled Securities held by the Trustee shall be cancelled by it in its customary manner and it shall dispose of canceled Securities in accordance with its procedures for the disposition of canceled securities in effect as of the date of such
disposition (subject to the record retention requirements of the Exchange Act). 
 Section 3.10 Computation of Interest;
Calculations. 
 Except as otherwise contemplated by Section 3.1 for Securities of any series, interest on the Securities of each
series shall be computed on the basis of a 360-day year of twelve 30-day months. 
 The Issuers shall be responsible for making calculations
called for under the Securities, including but not limited to determination of Redemption Price, premium, if any, and any other amounts payable on the Securities. The Issuers will make the calculations in good faith and, absent manifest error, its
calculations will be final and binding on the Holders. The Issuers will provide a schedule of their calculations to the Trustee when requested by the Trustee, and the Trustee is entitled to rely conclusively on the accuracy of the Issuers’
calculations without independent verification. The Trustee shall forward the Issuers’ calculations to any Holder of the Securities upon the written request of such Holder. 

Section 3.11 CUSIP Numbers. 

The Issuers in issuing the Securities may use “CUSIP” numbers (if then generally in use) and, if so, the Trustee shall use
“CUSIP” numbers in notices as a convenience to Holders; provided, that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Securities or as contained in any notice
and that reliance may be placed only on the other identification numbers printed on the Securities, and any such notice shall not be affected by any defect in or omission of such numbers. The Issuers will promptly notify the Trustee in writing of
any change in the “CUSIP” numbers. 

  
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 ARTICLE 4 

SATISFACTION AND DISCHARGE 

Section 4.1 Satisfaction and Discharge of Indenture. 

Upon the direction of the Issuers by an Issuers Order, this Indenture shall cease to be of further effect with respect to any series of
Securities and any related Guarantee (except as to any surviving rights of registration of transfer or exchange of such series of Securities herein expressly provided for, rights, obligations, duties and immunities of the Trustee set forth in the
last paragraph of this Section), and the Trustee, pursuant to an Issuers Order and at the expense of the Issuers, shall execute proper instructions acknowledging satisfaction and discharge of this Indenture with respect to such series of Securities,
when: 
 (a) either: 

(i) all Securities of such series (and any related Guarantee) theretofore authenticated and delivered (other than
(A) Securities of such series that have been destroyed, lost or stolen and that have been replaced or paid as provided in Section 3.6, and (B) Securities of such series for whose payment money has theretofore been deposited in trust
or segregated and held in trust by the Issuers or the Guarantor and thereafter repaid to the Issuers or the Guarantor or discharged from such trust, as provided in Section 10.3) have been delivered to the Trustee for cancellation; or 

(ii) all such Securities of such series not theretofore delivered to the Trustee for cancellation: 

(1) have become due and payable, or 

(2) will become due and payable at their Stated Maturity within one year, or 

(3) if redeemable at the option of the Issuers, are to be called for redemption within one year under arrangements satisfactory
to the Trustee for the giving of notice of redemption by the Trustee in the names, and at the expense, of the Issuers, 
 and the Issuers or the Guarantor,
in the case of (1), (2) or (3) above, has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust for the purpose an amount in U.S. dollars or U.S. Government Obligations, or a combination thereof, in such
amounts as will be sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge the entire indebtedness on such Securities
(and any related Guarantee) not theretofore delivered to the Trustee for cancellation, for principal (and premium, if any) and interest, to the date of such deposit (in the case of Securities that have become due and payable) or to the Stated
Maturity or Redemption Date, as the case may be; 
 (b) the Issuers or the Guarantor have paid or caused to be paid all other sums payable
hereunder by the Issuers or the Guarantor; and 
 (c) the Issuers have delivered to the Trustee an Officer’s Certificate and an Opinion
of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture as to such series of Securities (and any related Guarantee) have been complied with. 

Notwithstanding the satisfaction and discharge of this Indenture with respect to any series of Securities, the obligations of the Issuers to
the Holders under Section 10.1 (or the obligations of any guarantor or other obligor with respect to the payment of principal, premium, if any, and interest, as set forth in any supplemental indenture) and to the Trustee under Section 6.7
and, if money shall have been deposited with the Trustee pursuant to subclause (ii) of clause (a) of this Section, the obligations of the Trustee under Section 4.2 and the last paragraph of Section 10.3 shall survive
such satisfaction and discharge. 
 Section 4.2 Application of Trust Money. 

Subject to the provisions of the last paragraph of Section 10.3, all cash or U.S. Government Obligations deposited with the Trustee
pursuant to Section 4.1 shall be held in trust and applied by it, in accordance with the provisions of the Securities, and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuers acting as its own
Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) for whose payment such cash or U.S. Government Obligations have been deposited with the Trustee; but such cash or U.S. Government
Obligations need not be segregated from other funds except to the extent required by law. The Trustee shall be under no obligation to invest said cash and U.S. Government Obligations, except as it may agree with the Issuers. 

Anything in this Article Four to the contrary notwithstanding, the Trustee shall deliver or pay to the Issuers from time to time upon the
Issuers’ written request any cash and U.S. Government Obligations held by it as provided in Section 4.1 

  
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which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof
that would then be required to be deposited to effect an equivalent satisfaction and discharge. 
 ARTICLE 5 

REMEDIES 

Section 5.1 Events of Default. 

“Event of Default,” wherever used herein with respect to Securities of any series, means any one of the following events (whatever
the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental
body): 
 (a) default in the payment of any interest on any of the Securities of such series as and when such interest becomes due and
payable, and continuance of such default for a period of 30 days; or 
 (b) default in the payment of all or any part of the principal of
(and premium, if any, on) any of the Securities of such series as and when the same becomes due and payable at Maturity, or default in the deposit of any sinking fund payment, when and as due and payable by the terms of any of the Securities of such
series; or 
 (c) default in the performance, or breach, of any covenant, warranty or agreement in respect of the Securities of such series
in this Indenture or any supplemental indenture (other than a covenant, warranty or agreement a default in whose performance or whose breach is elsewhere in this Section specifically dealt with), and continuance of such default or breach for a
period of 60 consecutive days after there has been given, by registered or certified mail, return receipt requested, or by overnight courier guaranteeing next day delivery and providing written confirmation thereof, to the Issuers by the Trustee or
to the Issuers and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities of such series a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a
“Notice of Default” hereunder; or 
 (d) a court having jurisdiction in the premises shall enter a decree or order for relief in
respect of any Issuer in an involuntary case or proceeding under any applicable bankruptcy, insolvency, reorganization or other similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator
(or similar official) of any Issuer or for any substantial part of its property, or ordering the winding-up or liquidation of its affairs, and such decree or order shall remain unstayed and in effect for a period of 90 consecutive days; or 

(e) any Issuer shall commence a voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to itself
or its debts under any bankruptcy, insolvency, reorganization or other similar law now or hereafter in effect or seeking the appointment of a receiver, liquidator, custodian, trustee, sequestrator or other similar official of it or any substantial
part of its property, or shall consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other proceeding commenced against it, or shall make a general assignment for the benefit of
creditors, or shall admit in writing of its inability to pay its debts as they become due, or shall take any corporate action to authorize any of the foregoing; or 

(f) any other Event of Default provided with respect to Securities of that series. 

Section 5.2 Acceleration of Maturity; Rescission and Annulment. 

If an Event of Default with respect to the Securities of any series at the time Outstanding (other than an Event of Default specified in
Section 5.1(d) or (e)) occurs and is continuing, then, and in each and every case, unless the principal of all of the Securities of such series shall have already become due and payable, either the Trustee or the Holders of not less than 25% in
aggregate principal amount of the Outstanding Securities of such series, by notice in writing to the Issuers (and to the Trustee if given by such Holders), may declare the entire principal of all Securities of such series, or such lesser amount as
may be provided for in the Securities of such series, and the interest accrued thereon to be due and payable immediately, and upon any such declaration the same shall become due and payable immediately. 

If an Event of Default specified in Section 5.1(d) or (e) occurs and is continuing, then, and in each and every such case, unless
the principal of all the Securities shall have already become due and payable, the entire principal of all the Outstanding Securities, or such lesser amount as may be provided for in the Securities of any series, and interest accrued thereon shall
automatically become due and payable immediately without any declaration or other act on the part of the Trustee or any Holder. 

  
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 At any time after a declaration of acceleration (other than resulting from an Event of Default
specified in Section 5.1(d) or (e)) with respect to Securities of any series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a
majority in principal amount of the Outstanding Securities of that series, by written notice to the Issuers and the Trustee, may waive all defaults with respect to such series and rescind and annul such declaration and its consequences if: 

(a) the Issuers or the Guarantor have paid or deposited with the Trustee a sum sufficient to pay: 

(i) all overdue installments of interest on all Securities of that series, 

(ii) the principal of (and premium, if any, on) any Securities of that series that have become due otherwise than by such
declaration of acceleration and interest thereon at the rate or rates borne by or provided for in such Securities, 
 (iii)
to the extent that payment of such interest is lawful, interest upon overdue installments of interest at the rate or rates borne by or provided for in such Securities, and 

(iv) all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances
of the Trustee, its agents and counsel; and 
 (b) all Events of Default with respect to the Securities of that series, other than the
non-payment of the principal of the Securities of that series that has become due solely by such declaration of acceleration, have been cured or waived as provided in Section 5.13. 

No such rescission shall affect any subsequent default or impair any right consequent thereon. 

Section 5.3 Collection of Indebtedness and Suits for Enforcement by Trustee. 

The Issuers and the Guarantor covenant that if: 

(a) default is made in the payment of any installment of interest on any Security when such interest shall have become due and payable and such
default continues for a period of 30 days, or 
 (b) default is made in the payment of the principal of (or premium, if any, on) any Security
at its Maturity, redemption or otherwise, 
 the Issuers or the Guarantor will, upon demand of the Trustee, pay to it, for the benefit of the Holders of
such Securities the whole amount then due and payable on such Securities for principal (and premium, if any) and interest and, to the extent that payment of such interest shall be legally enforceable, interest upon the overdue principal (and
premium, if any), at the rate or rates borne by or provided for in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel. 
 If the Issuers or the Guarantor fail to pay such amounts forthwith
upon such demand, the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, and may prosecute such proceeding to judgment or final decree, and may enforce
the same against the Issuers, the Guarantor or any other obligor upon such Securities and collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Issuers, the Guarantor or any other obligor upon
such Securities, wherever situated. 
 If an Event of Default with respect to Securities of any series occurs and is continuing, the Trustee
may in its discretion proceed to protect and enforce its rights and the rights of the Holders of Securities of such series by such appropriate judicial proceedings as the Trustee shall deem necessary to protect and enforce any such rights, whether
for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 

Section 5.4 Trustee May File Proofs of Claim. 

In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or
other judicial proceeding relative to the Issuers, the Guarantor or any other obligor upon the Securities or the property of the Issuers, the Guarantor or of such other obligor or their creditors, the Trustee (irrespective of whether the principal
of the Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Issuers or the Guarantor for the payment of overdue principal or interest)
shall be entitled and empowered, by intervention in such proceeding or otherwise, 

  
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 (a) to file and prove a claim for the whole amount, or such lesser amount as may be provided for
in the Securities of that series, of principal (and premium, if any) and interest owing and unpaid in respect of the Securities and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee
(including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents or counsel) and of the Holders allowed in such judicial proceeding; and 

(b) to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same; 

and any receiver, assignee, trustee, liquidator, sequestrator (or other similar official) in any such judicial proceeding is hereby authorized by each Holder
of Securities to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders of Securities, to pay to the Trustee any amount due to it for the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel and any other amounts due the Trustee under Section 6.7. 

Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder of a
Security any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder of a Security in any such proceeding.
The Trustee may, on behalf of the Holders, vote for the election of a trustee in bankruptcy or similar official and be a member of a creditors’ committee or other similar committee. 

Section 5.5 Trustee May Enforce Claims Without Possession of Securities. 

All rights of action and claims under this Indenture or any of the Securities may be prosecuted and enforced by the Trustee without the
possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery or judgment shall,
after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been
recovered. 
 Section 5.6 Application of Money Collected. 

Any money or property collected by the Trustee pursuant to this Article, and after an Event of Default, any money or other property
distributable in respect of the Issuers’ obligations under this Indenture, shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal (and premium,
if any) or interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 

First: To the payment of all amounts due the Trustee or any predecessor Trustee under Section 6.7; and 

Second: To the payment of the amounts then due and unpaid upon the Securities for principal (and premium, if any) and interest payable in
respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the aggregate amounts due and payable on such Securities for principal (and premium, if any) and interest,
respectively; and 
 Third: The balance, if any, to the Issuers or as a court of competent jurisdiction may direct. 

Section 5.7 Limitation on Suits. 

No Holder of any Security of any series shall have any right to institute any proceeding, judicial or otherwise, with respect to this
Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless: 
 (a) such Holder has previously
given written notice to the Trustee of a continuing Event of Default with respect to the Securities of that series; 
 (b) the Holders of not
less than 25% in principal amount of the Outstanding Securities of that series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

(c) such Holder or Holders have offered to the Trustee security or indemnity satisfactory to the Trustee against the losses, costs, expenses
and liabilities to be incurred in compliance with such request; 

  
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 (d) the Trustee for 60 days after its receipt of such notice, request and offer of security or
indemnity has failed to institute any such proceeding; and 
 (e) no direction inconsistent with such written request has been given to the
Trustee during such 60-day period by the Holders of a majority in principal amount of the Outstanding Securities of that series; 
 it being understood and
intended that no one or more of such Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other such Holders or Holders of any other
series (it being agreed that the Trustee does not have an affirmative duty to ascertain whether or not such actions or forbearances are unduly prejudicial to such Holders), or to obtain or to seek to obtain priority or preference over any other
Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all such Holders. 

Section 5.8 Unconditional Right of Holders to Receive Principal, Premium and Interest. 

Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional,
to receive payment of the principal of (and premium, if any) and (subject to Sections 3.5 and 3.7) interest on such Security on the respective Stated Maturity or Maturities expressed in such Security (or, in the case of redemption, on the
Redemption Date) and to institute suit for the enforcement of any such payment, and such right shall not be impaired without the consent of such Holder. 

Section 5.9 Restoration of Rights and Remedies. 

If the Trustee or any Holder of a Security has instituted any proceeding to enforce any right or remedy under this Indenture and such
proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case the Issuers, the Guarantor, the Trustee and the Holders of Securities shall, subject to any
determination in such proceeding, be restored severally and respectively to their former positions hereunder, and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted. 

Section 5.10 Rights and Remedies Cumulative. 

Except as provided in Section 5.7 and except as otherwise provided with respect to the replacement or payment of mutilated, destroyed,
lost or stolen Securities in the last paragraph of Section 3.6, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders of Securities is intended to be exclusive of any other right or remedy, and every right and
remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder,
or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 
 Section 5.11
Delay or Omission Not Waiver. 
 No delay or omission of the Trustee or of any Holder of any Security to exercise any right or remedy
accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders of
Securities may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders of Securities. 

Section 5.12 Control by Holders of Securities. 

The Holders of a majority in principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and
place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to the Securities of such series, provided, that 

(a) such direction shall not be in conflict with any rule of law or with this Indenture or involve the Trustee in any personal liability; 

(b) the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction; and 

(c) such direction is not unduly prejudicial to the rights of other Holders of Securities of such series. 

In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to
indemnification satisfactory to it from each of the Issuers and the Guarantor against any loss or expense caused by taking such action or following such direction. 

  
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 Section 5.13 Waiver of Past Defaults. 

Prior to a declaration of acceleration of the Maturity of the Securities of any series as provided in Section 5.2 (other than resulting
from an Event of Default specified in Section 5.1(d) or (e)), the Holders of not less than a majority in principal amount of Outstanding Securities of any series may on behalf of the Holders of all the Securities of such series waive any past
default or Event of Default with respect to such series and its consequences, except a default: 
 (a) in the payment of the principal of
(and premium, if any) or interest on any Security of such series, or 
 (b) in respect of a covenant or provision hereof which under
Article 9 cannot be modified or amended without the consent of the Holder of each Outstanding Security of such series affected. 
 The
Issuers shall deliver to the Trustee an Officer’s Certificate that evidences that the requisite percentage of Holders have consented to such waiver, and, if the Securities are in certificated form, attaching copies of such consents. Upon any
such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any
right consequent thereon. 
 Section 5.14 Undertaking for Costs. 

All parties to this Indenture agree, and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any court
may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit,
of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit, including the Trustee, having due regard to the
merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit instituted by the Trustee or by any Holder, or group of Holders, holding in the aggregate more than 10% in
principal amount of the Outstanding Securities of any series, or to any suit instituted by any Holder of any Security for the enforcement of the payment of the principal of (and premium, if any) or interest on any Security on or after the respective
Stated Maturity or Maturities expressed in such Security (or, in the case of redemption, on or after the Redemption Date) or interest on any overdue principal of any Security. 

ARTICLE 6 
 THE TRUSTEE

 Section 6.1 Certain Duties and Responsibilities. 

(a) Except during the continuance of an Event of Default known to the Trustee, 

(i) the Trustee undertakes to perform such duties, and only such duties, as are specifically and expressly set forth in this
Indenture, and no implied duties, covenants, responsibilities or obligations shall be read into this Indenture against the Trustee; and 

(ii) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon certificates (including Officer’s Certificates) or opinions (including Opinions of Counsel) furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of
any such certificates or opinions that by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this
Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein). 
 (b) In case an
Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under
the circumstances in the conduct of his or her own affairs. 
 (c) No provision of this Indenture shall be construed to relieve the Trustee
from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 

(i) this subsection shall not be construed to limit the effect of subsection (a) of this Section; 

(ii) the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it shall be
proved that the Trustee was negligent in ascertaining the pertinent facts; and 
 (iii) the Trustee shall not be liable with
respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the Holders of a majority in principal amount of the Outstanding Securities of any series, relating to the time, method and place of
conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the Securities of such series. 

  
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 (d) Whether or not therein expressly so provided, every provision of this Indenture relating to
the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section. 
 (e)
No provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall
have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. The Trustee shall not be required to give any bond or surety in respect of the performance of
its powers or duties hereunder. 
 (f) In the absence of bad faith, negligence or willful misconduct on the part of the Trustee, the Trustee
shall not be responsible for the application of any money by any Paying Agent other than the Trustee. 
 Section 6.2 Notice of
Defaults. 
 Within 90 days after the occurrence of any default hereunder, that is known to the Trustee as set forth in
Section 6.3(l), with respect to the Securities of any series, the Trustee shall transmit by mail or electronically to all Holders of Securities of such series, notice of such default hereunder actually known to a Responsible Officer of the
Trustee, unless such default shall have been cured or waived; provided, however, that, except in the case of a default in the payment of the principal of (and premium, if any) or interest on any Security of such series or in the
payment of any sinking fund installment with respect to Securities of such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of directors and
Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the interests of the Holders of Securities of such series; provided, further, that in the case of any default of the character
specified in Section 5.1(c) with respect to Securities of such series, no such notice to Holders shall be given until at least 30 days after the occurrence thereof. For the purpose of this Section, the term “default” means any event
that is, or after notice or lapse of time or both would become, an Event of Default, with respect to Securities of such series. 

Section 6.3 Certain Rights of Trustee. 

Except as otherwise provided in Section 6.1: 

(a) the Trustee may conclusively rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement,
instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, or other paper or document (whether in its original or facsimile form) reasonably believed by it to be genuine and to have been signed or presented by
the proper party or parties; 
 (b) any request or direction of the Issuers mentioned herein shall be sufficiently evidenced by an Issuers
Request or Issuers Order (other than delivery of any Security to the Trustee for authentication and delivery pursuant to Section 3.3, 3.5 or 3.6, which shall be sufficiently evidenced as provided therein) and any resolution of the Board of
Directors may be sufficiently evidenced by a Board Resolution; 
 (c) whenever in the administration of this Indenture the Trustee shall deem
it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, request and rely
upon an Officer’s Certificate; 
 (d) the Trustee may consult with counsel of its selection and the advice of such counsel or any
Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 

(e) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction
of any of the Holders of Securities of any series pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses and liabilities that might be incurred
by it in compliance with such request or direction; 

  
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 (f) the Trustee shall not be bound to make any investigation into the facts or matters stated in
any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note or other paper or document, or inquire as to the performance by the Issuers of any of their covenants in this
Indenture, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to
examine the books, records and premises of the Issuers, personally or by agent or attorney and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation; 

(g) the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or
attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; 

(h) the permissive rights of the Trustee to do things enumerated in this Indenture shall not be construed as a duty, and the Trustee shall not
be answerable for other than its negligence or willful misconduct; 
 (i) the rights, privileges, protections, immunities and benefits given
to the Trustee, including, but not limited to, its right to be compensated, reimbursed and indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, whether as agent or otherwise, and to each agent,
custodian and other person employed to act hereunder; 
 (j) the Trustee shall not be liable for any action taken, suffered, or omitted to be
taken by it in good faith and reasonably believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture; 

(k) in no event shall the Trustee be responsible or liable for special, indirect, punitive, or consequential loss or damage of any kind
whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action; 

(l) the Trustee shall not be required to take notice or be deemed to have notice of any default or Event of Default or be required to act
(including the sending of any notice) unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice from the Issuers or by the Holders of at least 25% of the aggregate principal amount of the Outstanding
Securities of any series then outstanding of any event that is in fact such a default or Event of Default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Securities and this Indenture; 

(m) the Trustee may request that the Issuers deliver a certificate setting forth the names of individuals and/or titles of Officers authorized
at such time to take specified actions pursuant to this Indenture; and 
 (n) under no circumstances shall the Trustee be liable in its
individual capacity for the obligations evidenced by the Securities. 
 Section 6.4 Not Responsible for Recitals or Issuance of
Securities. 
 The recitals contained herein and in the Securities, except the Trustee’s certificate of authentication, shall be
taken as the statements of the Issuers, and the Trustee or any Authenticating Agent assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities. The
Trustee or any Authenticating Agent shall not be accountable for the use or application by the Issuers of Securities or the proceeds thereof. 

Section 6.5 May Hold Securities. 

The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other agent of the Issuers or the Guarantor, in its
individual or any other capacity, may become the owner or pledgee of Securities and, subject to Sections 6.8 and 6.13, may otherwise deal with the Issuers and the Guarantor with the same rights it would have if it were not Trustee,
Authenticating Agent, Paying Agent, Security Registrar or such other agent. 
 Section 6.6 Money Held in Trust. 

Money held by the Trustee or any Paying Agent in trust hereunder need not be segregated from other funds except to the extent required by law.
Neither the Trustee nor any Paying Agent shall be under any liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Issuers or the Guarantor, as the case may be. 

  
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 Section 6.7 Compensation and Reimbursement. 

The Issuers and the Guarantor agree, jointly and severally: 

(a) to pay to the Trustee from time to time such compensation as shall be agreed in writing between the Issuers and the Trustee for all
services rendered by it hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 

(b) to reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in
accordance with any provision of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except to the extent any such expense, disbursement or advance as shall be determined to have been
caused by its own negligence or willful misconduct (as determined by a final non-appealable judgment of a court of competent jurisdiction); and 

(c) to fully indemnify the Trustee and its directors, officers, employees, counsels and agents for, and to hold them harmless against, any
loss, liability, claim, damage or expense arising out of or in connection with the acceptance or administration of the trust or trusts hereunder, including the reasonable costs and expenses of defending themselves against any claim or liability in
connection with the exercise or performance of any of their powers or duties hereunder, except to the extent such loss, liability, claim, damage or expense shall be determined to have been caused by such indemnified party’s own negligence or
willful misconduct (as determined by a final non-appealable judgment of a court of competent jurisdiction). 
 As security for the
performance of the obligations of the Issuers under this Section, the Trustee shall have a lien prior to the Securities of any series upon all property and funds held or collected by the Trustee as such, except funds held in trust for the payment of
principal of (or premium, if any) or interest on the Securities. 
 When the Trustee incurs expenses or renders services in connection with
an Event of Default specified in Section 5.1(d) or Section 5.1(e), the expenses (including the reasonable charges and expenses of its counsel) and the compensation for the services are intended to constitute expenses of administration
under any applicable Federal or state bankruptcy, insolvency or other similar law. 
 The provisions of this Section shall survive the
termination of this Indenture and the resignation or removal of the Trustee. 
 “Trustee” for the purposes of this
Section 6.7 shall include any predecessor Trustee and the Trustee in each of its capacities hereunder and each agent, custodian and other person employed to act hereunder; provided, however, that the negligence or willful
misconduct of any Trustee hereunder shall not affect the rights of any other Trustee hereunder. 
 Section 6.8 Disqualifications;
Conflicting Interests. 
 If the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the
Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. 

Section 6.9 Corporate Trustee Required; Eligibility. 

There shall at all times be a Trustee hereunder, which shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such
and has a combined capital and surplus of at least $50,000,000 and its Corporate Trust Office in the United States. If such Person publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or
examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time
the Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. 

Section 6.10 Resignation and Removal; Appointment of Successor. 

(a) No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until
the acceptance of appointment by the successor Trustee under Section 6.11. 
 (b) The Trustee may resign at any time with respect to the
Securities of one or more series by giving written notice thereof to the Issuers. If the instrument of acceptance by a successor Trustee required by Section 6.11 shall not have been delivered to the Trustee within 30 days after the giving of
such notice of resignation, the resigning Trustee may petition at the expense of the Issuers any court of competent jurisdiction for the appointment of a successor Trustee with respect to such series. 

  
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 (c) The Trustee may be removed at any time with respect to the Securities of any series by Act of
the Holders of a majority in principal amount of the Outstanding Securities of such series, delivered to the Trustee and to the Issuers. 

(d) If at any time: 

(i) the Trustee shall fail to comply with Section 6.8 after written request therefor by the Issuers or by any Holder of a
Security who has been a bona fide Holder of a Security for at least six months, or 
 (ii) the Trustee shall cease to be
eligible under Section 6.9 and shall fail to resign after written request therefor by the Issuers or by any such Holder of a Security, or 

(iii) The Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or
of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, 

then, in any such case, (i) the Issuers each by a Board Resolution may remove the Trustee with respect to all Securities, or (ii) subject to
Section 5.14, any Holder of a Security who has been a bona fide Holder of a Security of any series for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal
of the Trustee with respect to all Securities of such series and the appointment of a successor Trustee or Trustees. Such court may thereupon, after such notice, if any, as it may deem proper, remove the Trustee and appoint a successor Trustee with
respect to such Securities. If a successor Trustee does not take office within 60 days after the Trustee is removed, such removed Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee at the expense of
the Issuers. 
 (e) If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of
Trustee for any cause, with respect to the Securities of one or more series, the Issuers shall promptly appoint a successor Trustee or Trustees with respect to the Securities of that or those series (it being understood that any such successor
Trustee may be appointed with respect to the Securities of one or more or all of such series and that at any time there shall be only one Trustee with respect to the Securities of any particular series) and shall comply with the applicable
requirements of Section 6.11. If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to the Securities of any series shall have been appointed by Act of the
Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the Issuers and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in accordance with
the applicable requirements of Section 6.11, become the successor Trustee with respect to the Securities of such series and to that extent supersede the successor Trustee appointed by the Issuers. If no successor Trustee with respect to the
Securities of any series shall have been so appointed by the Issuers or the Holders of Securities and accepted appointment in the manner required by Section 6.11, any Holder of a Security who has been a bona fide Holder of a Security of such
series for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. Such court may
thereupon, after such notice, if any, as it may deem proper, remove the Trustee and appoint a successor Trustee with respect to such Securities. 

(f) The Issuers shall give notice of each resignation and each removal of the Trustee with respect to the Securities of any series and each
appointment of a successor Trustee with respect to the Securities of any series to all Holders of Securities of such series in a manner provided in Section 1.6. Each notice shall include the name of the successor Trustee with respect to the
Securities of such series and the address of its Corporate Trust Office. 
 Section 6.11 Acceptance of Appointment by Successor.

 (a) In case of the appointment hereunder of a successor Trustee with respect to all Securities, every such successor Trustee so appointed
shall execute, acknowledge and deliver to the Issuers and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without
any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Issuers or the successor Trustee, such retiring Trustee shall, upon payment of its charges,
execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring
Trustee hereunder. 

  
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 (b) In case of the appointment hereunder of a successor Trustee with respect to the Securities of
one or more (but not all) series, the Issuers, the Guarantor, the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each successor
Trustee shall accept such appointment and that (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring
Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be
deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in
the retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that
nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust, that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered
by any other such Trustee and that no Trustee shall be responsible for any notice given to, or received by, or any act or failure to act on the part of any other Trustee hereunder, and upon the execution and delivery of such supplemental indenture
the resignation or removal of the retiring Trustee shall become effective to the extent provided therein, such retiring Trustee shall with respect to the Securities of that or those series to which the appointment of such successor Trustee relates
have no further responsibility for the exercise of rights and powers or for the performance of the duties and obligations vested in the Trustee under this Indenture other than as hereinafter expressly set forth, and each such successor Trustee
without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee
relates; but, on request of the Issuers, the Guarantor or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee, to the extent contemplated by such supplemental indenture, the property and
money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor Trustee relates. 

(c) Upon request of any such successor Trustee, the Issuers and the Guarantor shall execute any and all instruments for more fully and
certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in paragraph (a) or (b) of this Section, as the case may be. 

(d) No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and
eligible under this Article. 
 Section 6.12 Merger, Conversion, Consolidation or Succession to Business. 

Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any
merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Trustee, by sale or otherwise, shall be the successor of the Trustee
hereunder, provided such corporation shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Securities shall have been
authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if
such successor Trustee had itself authenticated such Securities. 
 Section 6.13 Preferential Collection of Claims Against Issuers
and the Guarantor. 
 If and when the Trustee shall be or become a creditor of the Issuers or the Guarantor (or any other obligor upon
the Securities), the Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims against the Issuers or the Guarantor (or any such other obligor). 

  
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 Section 6.14 Appointment of Authenticating Agent. 

The Trustee may appoint an Authenticating Agent or Agents with respect to one or more series of Securities that shall be authorized to act on
behalf of the Trustee to authenticate Securities of such series issued upon original issue or exchange, registration of transfer or partial redemption thereof or pursuant to Section 3.6, and Securities so authenticated shall be entitled to the
benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the
Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an
Authenticating Agent. Each Authenticating Agent shall be acceptable to the Issuers and shall at all times be a corporation organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia,
authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than $50,000,000 and subject to supervision or examination by Federal or State authority. If such Authenticating Agent publishes reports of
condition at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined
capital and surplus as set forth in its most recent report of condition so published. If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, such Authenticating Agent shall resign
immediately in the manner and with the effect specified in this Section. 
 Any corporation into which an Authenticating Agent may be merged
or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency or corporate
trust business of an Authenticating Agent, by sale or otherwise, shall continue to be an Authenticating Agent, provided such corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or any further act
on the part of the Trustee or the Authenticating Agent. 
 An Authenticating Agent may resign at any time by giving written notice thereof
to the Trustee and to the Issuers. The Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Issuers. Upon receiving such a notice of resignation or upon such
a termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating Agent that shall be acceptable to the Issuers and shall
mail written notice of such appointment by first-class mail, postage prepaid, to all Holders of Securities, if any, of the series with respect to which such Authenticating Agent will serve, as their names and addresses appear in the Security
Register. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No
successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section. 
 The Issuers agree to pay each
Authenticating Agent from time to time reasonable compensation for its services under this Section. 
 The provisions of Sections 3.8,
6.4 and 6.5 shall be applicable to each Authenticating Agent. 
 If an appointment with respect to one or more series is made pursuant to
this Section, the Securities of such series may have endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternate certificate of authentication in the following form: 

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

 

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 
		 	As Authenticating Agent
		
	By:	 	 
		 	Authorized Signatory
		
	Dated:	 	 

  
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 If all of the Securities of any series may not be originally issued at one time, and if the
Trustee does not have an office capable of authenticating Securities upon original issuance located in a Place of Payment where the Issuers wish to have Securities of such series authenticated upon original issuance, the Trustee, if so requested in
writing (which writing need not comply with Section 1.2) by the Issuers, shall appoint in accordance with this Section 6.14 an Authenticating Agent having an office in a Place of Payment designated by the Issuers with respect to such
series of Securities. 
 ARTICLE 7 

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY 

Section 7.1 Issuers To Furnish Trustee Names and Addresses of Holders. 

The Issuers will furnish or cause to be furnished to the Trustee: 

(a) semi-annually, not later than May 1 and November 1 each year, a list, in such form as the Trustee may reasonably require, of the
names and addresses of the Holders of Securities of each series as of the April 15 and October 15 preceding such May 1 or November 1, and 

(b) at such other times as the Trustee may request in writing, within 30 days after the receipt by the Issuers of any such request, a list of
similar form and content as of a date not more than 15 days prior to the time such list is furnished; provided, however, that, so long as the Trustee is the Security Registrar, no such list shall be required to be furnished. 

Section 7.2 Preservation of Information; Communications to Holders. 

(a) The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders of Securities
(i) contained in the most recent list furnished to the Trustee for each series as provided in Section 7.1, and (ii) received by the Trustee for each series in the capacity of Security Registrar if the Trustee is then acting in such
capacity. The Trustee may destroy any list furnished to it as provided in Section 7.1 upon receipt of a new list so furnished. 
 (b)
The rights of the Holders to communicate with other Holders with respect to their rights under this Indenture or under the Securities shall be as provided by the Trust Indenture Act. 

(c) Every Holder of Securities, by receiving and holding the same, agrees with the Issuers, the Guarantor and the Trustee that neither the
Issuers, the Guarantor nor the Trustee nor any Paying Agent nor any Security Registrar shall be held accountable by reason of the disclosure of any such information as to the names and addresses of Holders made pursuant to the Trust Indenture Act.

 Section 7.3 Reports by Trustee. 

(a) The Trustee shall transmit to Holders such reports concerning the Trustee and its actions under this Indenture as may be required pursuant
to the Trust Indenture Act within 60 days after January 1 of each year commencing in 2018, and at such other times as may be required by the Trust Indenture Act or as set forth in a supplemental indenture. 

(b) A copy of each such report shall, at the time of such transmission to Holders, be filed by the Trustee with each stock exchange, if any,
upon which the Securities are listed, with the Commission and with the Issuers. The Issuers will promptly notify the Trustee in writing when the Securities are listed on any stock exchange and of any delisting thereof. 

Section 7.4 Reports by the Issuers and the Guarantor. 

The Issuers and the Guarantor shall file with the Trustee and the Commission, and transmit to Holders, information, documents and other
reports and such summaries thereof as may be required pursuant to the Trust Indenture Act at the time and in the manner provided pursuant to the Trust Indenture Act; provided that such information, documents and reports required to be filed with the
Commission pursuant to Section 13 or Section 15(d) of the Exchange Act shall be filed with the Trustee within 15 days after the same is so required to be filed with the Commission. 

  
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 Delivery of such information, documents and reports to the Trustee is for informational purposes
only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Issuers’ or the Guarantor’s compliance with any of
its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates or statements delivered pursuant to Section 10.4(a)). All required information, documents and other reports referred to in this
Section 7.4 shall be deemed filed with the Trustee and transmitted to the Holders at the time such information, documents or other reports are publicly filed with the Commission via the Commission’s EDGAR filing system (or any successor
system); provided, however, that the Trustee shall have no responsibility whatsoever to determine whether or not such filing has taken place. The Trustee shall not be obligated to monitor or confirm, on a continuing basis or otherwise, our
compliance with the covenants or with respect to any reports or other documents filed with the Securities Exchange Commission or EDGAR or any website under this Indenture, or participate in any conference calls. 

ARTICLE 8 
 GUARANTEE

 Section 8.1 Guarantee. 

(a) The Guarantor hereby irrevocably and unconditionally guarantees to each Holder and to the Trustee and its successors and assigns
(1) the full and punctual payment when due, whether at Maturity, by acceleration, by redemption or otherwise, of all obligations of the Issuers under this Indenture (including obligations to the Trustee) and the Securities, whether for payment
of principal of (and premium, if any), or interest on, the Securities and all other monetary obligations of the Issuers under this Indenture and the Securities and (2) the full and punctual performance within applicable grace periods of all
other obligations of the Issuers whether for fees, expenses, indemnification or otherwise under this Indenture and the Securities (all the foregoing being hereinafter collectively called the “Guaranteed Obligations”). The Guarantor further
agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice or further assent from the Guarantor, and that the Guarantor shall remain bound under this Article notwithstanding any extension or renewal of any
Guaranteed Obligation. 
 (b) The Guarantor waives presentation to, demand of payment from and protest to the Issuers of any of the
Guaranteed Obligations and also waives notice of protest for nonpayment. The Guarantor waives notice of any default under the Securities or the Guaranteed Obligations. The obligations of the Guarantor hereunder shall not be affected by (1) the
failure of any Holder or the Trustee to assert any claim or demand or to enforce any right or remedy against the Issuers or any other Person under this Indenture, the Securities or any other agreement or otherwise; (2) any extension or renewal
of any thereof; (3) any rescission, waiver, amendment or modification of any of the terms or provisions of this Indenture, the Securities or any other agreement; (4) the release of any security held by any Holder or the Trustee for the
Guaranteed Obligations or any of them; or (5) the failure of any Holder or Trustee to exercise any right or remedy against any other guarantor of the Guaranteed Obligations. 

(c) The Guarantor hereby waives any right to which it may be entitled to have the assets of the Issuer first be used and depleted as payment of
the Issuers’ or such Guarantor’s obligations hereunder prior to any amounts being claimed from or paid by the Guarantor hereunder. The Guarantor hereby waives any right to which it may be entitled to require that the Issuers be sued prior
to an action being initiated against the Guarantor. 
 (d) The Guarantor further agrees that its Guarantee herein constitutes a guarantee of
payment, performance and compliance when due (and not a guarantee of collection) and waives any right to require that any resort be had by any Holder or the Trustee to any security held for payment of the Guaranteed Obligations. 

(e) Except as expressly set forth in this Indenture, the obligations of the Guarantor hereunder shall not be subject to any reduction,
limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense of setoff, counterclaim, recoupment or termination whatsoever or by reason of
the invalidity, illegality or unenforceability of the Guaranteed Obligations or otherwise. Without limiting the generality of the foregoing, the obligations of the Guarantor herein shall not be discharged or impaired or otherwise affected by the
failure of any Holder or the Trustee to assert any claim or demand or to enforce any remedy under this Indenture, the Securities or any other agreement, by any waiver or modification of any thereof, by any default, failure or delay, willful or
otherwise, in the performance of the obligations, or by any other act or thing or omission or delay to do any other act or thing which may or might in any manner or to any extent vary the risk of the Guarantor or would otherwise operate as a
discharge of the Guarantor as a matter of law or equity. 

  
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 (f) Except as expressly set forth in this Indenture, the Guarantor agrees that its Guarantee
shall remain in full force and effect until payment in full of all the Guaranteed Obligations. The Guarantor further agrees that its Guarantee herein shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any
part thereof, of principal of or interest on any Guaranteed Obligation is rescinded or must otherwise be restored by any Holder or the Trustee upon the bankruptcy or reorganization of the Issuers or otherwise. 

(g) In furtherance of the foregoing and not in limitation of any other right which any Holder or the Trustee has at law or in equity against
the Guarantor by virtue hereof, upon the failure of the Issuers to pay the principal of or interest on any Guaranteed Obligation when and as the same shall become due, whether at maturity, by acceleration, by redemption or otherwise, or to perform
or comply with any other Guaranteed Obligation, the Guarantor, hereby promises to and shall, upon receipt of written demand by the Trustee, forthwith pay, or cause to be paid, in cash, to the Holders or the Trustee an amount equal to the sum of
(1) the unpaid principal amount of such Guaranteed Obligations, (2) accrued and unpaid interest on such Guaranteed Obligations (but only to the extent not prohibited by law) and (3) all other monetary obligations of the Issuers to the
Holders and the Trustee. 
 (h) The Guarantor agrees that it shall not be entitled to any right of subrogation in relation to the Holders in
respect of any Guaranteed Obligations guaranteed hereby until payment in full of all Guaranteed Obligations. The Guarantor further agrees that, as between it, on the one hand, and the Holders and the Trustee, on the other hand, (1) the maturity
of the Guaranteed Obligations guaranteed hereby may be accelerated as provided in this Indenture for the purposes of the Guarantee herein, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the
Guaranteed Obligations guaranteed hereby, and (2) in the event of any declaration of acceleration of such Guaranteed Obligations as provided in this Indenture, the Guaranteed Obligations (whether or not due and payable) shall forthwith become
due and payable by the Guarantor for the purposes of this Section 8.1. 
 (i) The Guarantor also agrees to pay any and all costs and
expenses (including reasonable attorneys’ fees and expenses) incurred by the Trustee or any Holder in enforcing any rights under this Section 8.1. 

(j) Upon request of the Trustee, the Guarantor shall execute and deliver such further instruments and do such further acts as may be reasonably
necessary or proper to carry out more effectively the purpose of this Indenture. 
 Section 8.2 No Waiver. 

Neither a failure nor a delay on the part of either the Trustee or the Holders in exercising any right, power or privilege under this Article
shall operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or further exercise of any right, power or privilege. The rights, remedies and benefits of the Trustee and the Holders herein expressly specified
are cumulative and not exclusive of any other rights, remedies or benefits which either may have under this Article at law, in equity, by statute or otherwise. 

Section 8.3 Modification. 

No modification, amendment or waiver of any provision of this Article, nor the consent to any departure by the Guarantor therefrom, shall in
any event be effective unless the same shall be in writing and signed by the Trustee, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice to or demand on the Guarantor in
any case shall entitle the Guarantor to any other or further notice or demand in the same, similar or other circumstances. 

Section 8.4 Non-Impairment. 

The failure to endorse a Guarantee on any Security shall not affect or impair the validity thereof. 

  
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 Section 8.5 Limitation on Guarantor Liability. 

The Guarantor, and by its acceptance of any series of Securities, each Holder, hereby confirms that it is the intention of all such parties
that the Guarantee of such Guarantor not constitute a fraudulent transfer or conveyance for purposes of any applicable U.S. federal or state bankruptcy, insolvency or reorganization or other similar law, the Uniform Fraudulent Conveyance Act, the
Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to any Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Guarantor hereby irrevocably agree that the obligations of the
Guarantor will be limited to the maximum amount which, after giving effect to all other contingent and fixed liabilities of the Guarantor, will result in the obligations of the Guarantor under its Guarantee not constituting a fraudulent conveyance
or fraudulent transfer under federal or state law. Until such time as the Securities of any series are paid in full, the Guarantor, with respect to such series of Securities, hereby waives all rights of subrogation, whether arising by contract or
operation of law (including, without limitation, any such right arising under federal bankruptcy law) or otherwise by reason of any payment by it pursuant to the provisions of this Article. 

ARTICLE 9 
 SUPPLEMENTAL
INDENTURE 
 Section 9.1 Supplemental Indentures without Consent of Holders. 

Without the consent of any Holders of Securities, the Issuers and the Guarantor, in each case, when authorized by a Board Resolution, and the
Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: 

(a) to evidence the succession of another Person to any Issuer or the Guarantor, as the case may be, and the assumption by any such successor
of the covenants of such Issuer or the Guarantor herein and in the Securities contained, as the case may be; or 
 (b) to add to the
covenants of the Issuers or the Guarantor for the benefit of the Holders of all or any series of Securities (and if such covenants are to be for the benefit of less than all series of Securities, stating that such covenants are expressly being
included solely for the benefit of such series) or to surrender any right or power herein conferred upon the Issuers or the Guarantor; or 

(c) to change or eliminate any restrictions on the payment of principal (or premium, if any) on Securities or to permit or facilitate the
issuance of Securities in uncertificated form, provided any such action shall not adversely affect the interests of the Holders of Securities of any series in any material respect; or 

(d) to add to, change or eliminate any provision of this Indenture; provided, that any such addition, change or elimination
(i) shall become effective only when there is no Security Outstanding of any series created prior to the execution of such supplemental indenture that is entitled to the benefit of such provision or (ii) shall not apply to any Security
Outstanding, in each case unless otherwise specified in the terms of the series of Securities as permitted by Section 3.1; or 
 (e) to
establish the form or terms of Securities of any series as permitted by Sections 2.1 and 3.1; or 
 (f) to evidence and provide for the
acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of
the trusts hereunder by more than one Trustee, pursuant to the requirements of Section 6.11(b); or 
 (g) to cure any ambiguity, to
correct or supplement any provision herein that may be defective or inconsistent with any other provision herein, as evidenced by an Officer’s Certificate; or 

(h) to make any other terms or provisions with respect to matters or questions arising under this Indenture that shall not adversely affect the
interest of the Holders of Securities of any series in any material respect; or 
 (i) to add to, delete from or revise the conditions,
limitations and restrictions on the authorized amount, terms or purposes of issue, authentication and delivery of Securities, as herein set forth; or 

(j) to add any additional Events of Default (and if such Events of Default are to be applicable to less than all series of Securities stating
that such Events of Default are expressly being included solely to be applicable to such series) or to delete or revise any Event of Default with respect to any series of Securities not yet Outstanding; or 

  
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 (k) to conform the text of this Indenture, any Securities and any guarantees to any provision of
the “Description of the Notes” section or other relevant section describing the terms of such securities of the applicable prospectus, prospectus supplement or other offering circular or memorandum to the extent that such provision in the
“Description of the Notes” was intended to be a substantially verbatim recitation of a provision of this Indenture, such Securities or such guarantee as set forth in an Officer’s Certificate; or 

(l) to add to or change or eliminate any provision of this Indenture as shall be necessary or desirable in accordance with any amendments to
the Trust Indenture Act; provided, that such action shall not adversely affect the interest of the Holders of the Securities of any series in any material respect; or 

(m) to supplement any of the provisions of this Indenture to such extent as shall be necessary to permit or facilitate the defeasance and
discharge of any series of Securities pursuant to Sections 4.1, 13.2 and 13.3; provided that any such action pursuant to this clause shall not adversely affect the interests of the Holders of Securities of any series in any respect; or 

(n) comply with the requirements of the Commission in order to effect or maintain the qualification of this Indenture under the Trust Indenture
Act; or 
 (o) to provide for the guarantee of, or to secure, all or any series of Securities and the terms thereof. 

Section 9.2 Supplemental Indentures with Consent of Holders. 

With the consent of the Holders of not less than a majority in principal amount of the Outstanding Securities of each series affected by such
supplemental indenture, by Act of said Holders delivered to the Issuers, the Guarantor and the Trustee, the Issuers and the Guarantor, in each case when authorized by a Board Resolution, and the Trustee may enter into an indenture or indentures
supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture, or of modifying in any manner the rights of the Holders of Securities of such series under this
Indenture; provided, however, that no such supplemental Indenture shall, without the consent of the Holder of each Outstanding Security affected thereby, 

(a) change the Stated Maturity of the principal of, or any installment of interest on, any Security, or reduce the principal amount thereof or
the rate of interest thereon, or any premium payable upon the redemption thereof, or reduce the amount of the principal of an Original Issue Discount Security that would be due and payable upon a declaration of acceleration of the maturity thereof
pursuant to Section 5.2, or change any Place of Payment where, or the coin or currency in which, any Security or any premium or the interest thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or
after the Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date), or 
 (b) reduce the percentage in
principal amount of the Outstanding Securities of any series, the consent of whose Holders is required for any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of this
Indenture or certain defaults hereunder and their consequences) provided for in this Indenture, or 
 (c) modify any of the provisions of
this Section or Section 5.13, except to increase any such percentage or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby, or

 (d) adversely affect the right to repayment, if any, of Securities of any series at the option of the Holders thereof. 

A supplemental indenture that changes or eliminates any covenant or other provision of this Indenture that has expressly been included solely
for the benefit of one or more particular series of Securities, or that modifies the rights of the Holders of Securities of such series with respect to such covenant or other provision, shall be deemed not to affect the rights under this Indenture
of the Holders of Securities of any other series. 
 It shall not be necessary for any Act of Holders of Securities under this Section to
approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. 

  
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 Section 9.3 Execution of Supplemental Indentures. 

In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby
of the trust created by this Indenture, the Trustee shall be given, and (subject to Section 6.1) shall be fully protected in relying upon, an Opinion of Counsel and Officer’s Certificate stating that the execution of such supplemental
indenture is authorized or permitted by this Indenture, and an Opinion of Counsel that such supplemental indenture will be the valid and binding obligation of the Issuers and the Guarantor or the Guarantors enforceable in accordance with its terms.
The Trustee may, but shall not be obligated to, enter into any such supplemental indenture that affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 

Section 9.4 Effect of Supplemental Indentures. 

Upon the execution of any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and such
supplemental indenture shall form a part of this Indenture for all purposes; and every Holder of Securities theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 

Section 9.5 Conformity with Trust Indenture Act. 

Every supplemental indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act as then in effect.

 Section 9.6 Reference in Securities to Supplemental Indentures. 

Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and shall
if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Issuers shall so determine, new Securities of any series so modified as to conform, in the opinion of
the Trustee and the Issuers, to any such supplemental indenture may be prepared and executed by the Issuers and authenticated and delivered by the Trustee in exchange for Outstanding Securities of such series. 

ARTICLE 10 
 COVENANTS

 Section 10.1 Payment of Principal, Premium, if any, and Interest. 

The Issuers covenant and agree for the benefit of the Holders of each series of Securities that they will duly and punctually pay the
principal of (and premium, if any) and interest on the Securities of that series in accordance with the terms of such series of Securities and this Indenture. Principal, premium, if any, and interest, shall be considered paid on the date due if the
Paying Agent, if other than the Issuers or one of its Subsidiaries, holds as of 12:00 noon Eastern Time on the due date money deposited by the Issuers in immediately available funds and designated for and sufficient to pay all principal, premium, if
any, and interest then due. 
 Section 10.2 Maintenance of Office or Agency. 

The Issuers will maintain in each Place of Payment for any series of Securities an office or agency where Securities of that series may be
presented or surrendered for payment, where Securities of that series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Issuers in respect of the Securities of that series and this Indenture may
be served. The Issuers will give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Issuers shall fail to maintain any such required office or agency or shall fail to
furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and each of the Issuers hereby appoints the Trustee as its agent to receive all
such presentations, surrenders, notices and demands. 
 The Issuers may also from time to time designate one or more other offices or
agencies where the Securities of one or more series may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner
relieve the Issuers of their obligation to maintain an office or agency in each Place of Payment for Securities of any series for such purposes. The Issuers will give prompt written notice to the Trustee of any such designation or rescission and of
any change in the location of any such other office or agency. 

  
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 Unless otherwise set forth in a Board Resolution or indenture supplemental hereto with respect to
a series of Securities, the Issuers hereby designate as the Place of Payment for each series of Securities the Corporate Trust Office and the Corporate Trust Office as the Issuers’ office or agency for each of such purposes. 

Section 10.3 Money for Securities Payments To Be Held in Trust. 

If the Issuers shall at any time act as their own Paying Agent with respect to any series of Securities, they will, on or before each due date
of the principal of (and premium, if any), or interest on, any of the Securities of that series, segregate and hold in trust for the benefit of the Person entitled thereto a sum sufficient to pay the principal (and premium, if any) or interest so
becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and will promptly notify the Trustee of its action or failure so to act. 

Whenever the Issuers shall have one or more Paying Agents for any series of Securities, they will, on or prior to each due date of the
principal of (and premium, if any), or interest on, any Securities of that series, deposit with a Paying Agent a sum sufficient to pay such amount so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such amount
as provided in the Trust Indenture Act, and (unless such Paying Agent is the Trustee) the Issuers will promptly notify the Trustee of their action or failure so to act. 

The Issuers will cause each Paying Agent for any series of Securities other than the Trustee to execute and deliver to the Trustee an
instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will: 

(a) hold all sums held by it for the payment of the principal of (and premium, if any) or interest on Securities of that series in trust for
the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided; 
 (b)
give the Trustee notice of any default by the Issuers (or any other obligor upon the Securities of that series) in the making of any payment of principal (and premium, if any) or interest on the Securities of that series; and 

(c) at any time during the continuance of any such default, upon the written request of the Trustee, forthwith pay to the Trustee all sums so
held in trust by such Paying Agent. 
 The Issuers may at any time, for the purpose of obtaining the satisfaction and discharge of this
Indenture or for any other purpose, pay, or by Issuers Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Issuers or such Paying Agent, such sums to be held by the Trustee upon the same terms as those upon which such
sums were held by the Issuers or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money. 

Subject to applicable escheatment laws, any money deposited with the Trustee or any Paying Agent, or then held by the Issuers, in trust for
the payment of the principal of (and premium, if any) or interest on any Security of any series and remaining unclaimed for two years after such principal (and premium, if any) or interest has become due and payable shall be paid to the Issuers on
Issuers Request, or (if then held by the Issuers) shall be discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the Issuers for payment thereof, and all liability of the Trustee
or such Paying Agent with respect to such trust money, and all liability of the Issuers as trustee thereof, shall thereupon cease. 

Section 10.4 Statement as to Compliance; Notice of Certain Defaults. 

(a) The Issuers will deliver to the Trustee, within 120 days after the end of each fiscal year ending after the date hereof, a written
statement, which need not comply with Section 1.2, signed by the principal executive officer, the principal financial officer or the principal accounting officer of each Issuer, or, with respect to the Partnership, signed by the principal
executive officer, the principal financial officer or the principal accounting officer of its general partner, stating that to the best of his knowledge, (i) such Issuer has fulfilled all of its obligations under this Indenture throughout such
year, or, if there has been a default in the fulfillment of any such obligation, specifying each such default known to him and the nature and status thereof, and (ii) no event has occurred and is continuing that is, or after notice or lapse of
time or both would become, an Event of Default, or, if such event has occurred and is continuing, specifying each such event known to him and the nature and status thereof. 

(b) The Issuers will deliver to the Trustee within 30 days after the occurrence thereof, written notice of any event that after notice or lapse
of time or both would become an Event of Default pursuant to clause (d) of Section 5.1 and what actions have been taken to cure such event or Event of Default. 

  
 35 

 ARTICLE 11 

REDEMPTION OF SECURITIES 

Section 11.1 Applicability of Article. 

Securities of any series that are redeemable before their Stated Maturity shall be redeemable in accordance with the terms of such Securities
and (except as otherwise specified as contemplated by Section 3.1 for Securities of any series) this Article. 
 Section 11.2
Election to Redeem; Notice to Trustee  
 The election of the Issuers to redeem any Securities shall be evidenced by a Board
Resolution. In case of any redemption at the election of the Issuers of the Securities of any series, the Issuers shall furnish to the Trustee, at least 45 days prior to the Redemption Date fixed by the Issuers (unless a shorter notice shall be
satisfactory to the Trustee), an Officer’s Certificate stating (i) the clause of this Indenture pursuant to which the redemption shall occur, (ii) the Redemption Date, (iii) the principal amount of Securities to be redeemed and
(iv) the Redemption Price (or manner of calculation if not then known). 
 Section 11.3 Selection by Trustee of Securities To
Be Redeemed. 
 If less than all the Securities of any series having the same terms are to be redeemed, the particular Securities to be
redeemed shall be selected by the Trustee from the Outstanding Securities of such series not previously called for redemption, in compliance with the requirements of the principal national securities exchange, if any, on which the Securities are
then listed, or, if the Securities are not so listed, on a pro rata basis or by lot and in each case in accordance and subject to applicable DTC procedures or regulations as the Trustee shall deem appropriate and that may provide for the selection
for redemption of portions (equal to the minimum authorized denomination for Securities of such series or any integral multiple thereof that is also an authorized denomination) of the principal amount of Securities of such series of a denomination
larger than the minimum authorized denomination for Securities of such series. 
 The Trustee shall promptly notify the Issuers and the
Security Registrar (if other than itself) in writing of the Securities selected for redemption and, in the case of any Securities selected for partial redemption, the principal amount thereof to be redeemed. 

For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall
relate, in the case of any Securities redeemed or to be redeemed only in part, to the portion of the principal of such Securities that has been or is to be redeemed. 

Section 11.4 Notice of Redemption. 

Notice of redemption shall be given in the manner provided in Section 1.6, not less than 30 nor more than 60 days prior to the Redemption
Date, unless a shorter period is specified in the Securities to be redeemed, to the Holders of Securities to be redeemed. Failure to give notice by mailing (or, to the extent permitted or required by applicable DTC procedures or regulations, sent
electronically) in the manner herein provided to the Holder of any Securities designated for redemption as a whole or in part, or any defect in the notice to any such Holder, shall not affect the validity of the proceedings for the redemption of any
other Securities or portion thereof. Any notice that is mailed (or, to the extent permitted or required by applicable DTC procedures or regulations, sent electronically) to the Holder of any Securities in the manner herein provided shall be
conclusively presumed to have been duly given, whether or not such Holder receives the notice. 
 All notices of redemption shall state:

 (a) the Redemption Date, 

(b) the Redemption Price (or the method of calculating the Redemption Price) and accrued interest, if any, 

(c) if less than all Outstanding Securities of any series are to be redeemed, the identification (and, in the case of partial redemption, the
principal amount) of the particular Securities to be redeemed, 
 (d) in case any Security is to be redeemed in part only, the notice that
relates to such Security shall state that on and after the Redemption Date, upon surrender of such Security, the Holder of such Security will receive, without charge, a new Security or Securities of authorized denominations for the principal amount
thereof remaining unredeemed, 
 (e) that on the Redemption Date the Redemption Price will become due and payable upon each such Security to
be redeemed, and, if applicable, that unless the Issuers default interest thereon shall cease to accrue on and after said date, 

  
 36 

 (f) the Place or Places of Payment where such Securities are to be surrendered for payment of the
Redemption Price, 
 (g) that the redemption is for a sinking fund, if such is the case, 

(h) the paragraph of the Securities and/or Section of this Indenture pursuant to which the Securities called for redemption are being redeemed;
and 
 (i) that no representation is made as to the correctness or accuracy of the CUSIP number, if any, listed in such notice or printed on
the Securities. 
 A notice of redemption published as contemplated by Section 1.6 need not identify particular Securities to be
redeemed. 
 Notice of redemption of Securities to be redeemed at the election of the Issuers shall be given by the Issuers or, at the
Issuers’ request and provision of such request together with the notice of redemption to be delivered at least 15 days prior to the notice being sent by the Trustee (unless a shorter notice shall be satisfactory to the Trustee), by the Trustee
in the name and at the expense of the Issuers. 
 Section 11.5 Deposit of Redemption Price. 

On or prior to 12:00 noon Eastern Time on any Redemption Date, the Issuers or the Guarantor shall deposit with the Trustee or with a Paying
Agent (or, if the Issuers are acting as its own Paying Agent, segregate and hold in trust as provided in Section 10.3) an amount of money sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment
Date) accrued interest on, all the Securities or portions thereof that are to be redeemed on that date. 
 Section 11.6 Securities
Payable on Redemption Date. 
 Notice of redemption having been given to the Holders by the Issuers or the Trustee pursuant to
Section 11.4, the Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, and from and after such date (unless the Issuers and the Guarantor shall default in the payment of
the Redemption Price and accrued interest) such Securities shall cease to bear interest. Upon surrender of any such Security for redemption in accordance with said notice, such Security shall be paid by the Issuers at the Redemption Price, together
with accrued interest to, but excluding, the Redemption Date; provided, however, that installments of interest on Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such
Securities, or one or more Predecessor Securities, registered as such at the close of business on the Regular Record Dates according to their terms and the provisions of Section 3.7. 

If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium, if any) shall,
until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Security. 
 Section 11.7 Securities
Redeemed in Part. 
 Any Security that is to be redeemed only in part shall be surrendered at any office or agency of the Issuers
maintained for that purpose pursuant to Section 10.2 (with, if the Issuers or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Issuers and the Trustee duly executed by, the Holder
thereof or his attorney duly authorized in writing) and the Issuers shall execute and the Trustee shall authenticate and deliver to the Holder of such Security (or as to any global Security transfer by book entry), without service charge, a new
Security or Securities of the same series, containing identical terms and provisions, of any authorized denomination as requested by such Holder in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of
the Security so surrendered. 

  
 37 

 ARTICLE 12 

SINKING FUNDS 

Section 12.1 Applicability of Article. 

The provisions of this Article shall be applicable to any sinking fund for the retirement of Securities of a series, except as otherwise
specified as contemplated by Section 3.1 for Securities of such series or as otherwise permitted or required by any form of Security of such series issued pursuant to this Indenture. 

The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a
“mandatory sinking fund payment,” and any payment in excess of such series is herein referred to as an “optional sinking fund payment.” If provided for by the terms of Securities of any series, the cash amount of any sinking fund
payment may be subject to reduction as provided in Section 12.2. Each sinking fund payment shall be applied to the redemption of Securities of any series as provided for by the terms of Securities of such series. 

Section 12.2 Satisfaction of Sinking Fund Payments with Securities. 

The Issuers may, in satisfaction of all or any part of any sinking fund payment with respect to the Securities of a series to be made pursuant
to the terms of such Securities as provided for by the terms of such series, (1) deliver Outstanding Securities of such series (other than any of such Securities previously called for redemption) theretofore purchased or receive credit for
Securities (not previously so credited) theretofore purchased by the Issuers and delivered to the Trustee for cancellation pursuant to Section 3.9, and (2) apply as a credit Securities of such series that have been redeemed either at the
election of the Issuers pursuant to the terms of such series of Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities; provided, that such Securities have not been
previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund
payment shall be reduced accordingly. If, as a result of the delivery or credit of Securities of any series in lieu of cash payments pursuant to this Section 12.2, the principal amount of Securities of such series to be redeemed in order to
exhaust the aforesaid cash payment shall be less than $100,000, the Trustee need not call Securities of such series for redemption, except upon Issuers Request, and such cash payment shall be held by the Trustee or a Paying Agent and applied to the
next succeeding sinking fund payment; provided, however, that the Trustee or such Paying Agent shall at the request of the Issuers from time to time pay over and deliver to the Issuers any cash payment so being held by the Trustee or
such Paying Agent upon delivery by the Issuers to the Trustee of Securities of that series purchased by the Issuers having an unpaid principal amount equal to the cash payment requested to be released to the Issuers. 

Section 12.3 Redemption of Securities for Sinking Fund. 

Not less than 60 days prior to each sinking fund payment date for any series of Securities, the Issuers will deliver to the Trustee an
Officer’s Certificate specifying the amount of the next ensuing mandatory sinking fund payment for that series pursuant to the terms of that series, the portion thereof, if any, that is to be satisfied by payment of cash and the portion
thereof, if any, that is to be satisfied by delivering and crediting of Securities of that series pursuant to Section 12.2, and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and will also
deliver to the Trustee any Securities to be so credited and not theretofore delivered. If such Officer’s Certificate shall specify an optional amount to be added in cash to the next ensuing mandatory sinking fund payment, the Issuers shall
thereupon be obligated to pay the amount therein specified. Not less than 30 days before each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in
Section 11.3 and cause notice of the redemption thereof to be given in the name of and at the expense of the Issuers in the manner provided in Section 11.4. Such notice having been duly given, the redemption of such Securities shall be
made upon the terms and in the manner stated in Sections 11.6 and 11.7. 
 ARTICLE 13 

LEGAL DEFEASANCE AND COVENANT DEFEASANCE 

Section 13.1 Issuers’ Option to Effect Legal Defeasance or Covenant Defeasance. 

Except as otherwise specified as contemplated by Section 3.1 for Securities of such series or as otherwise permitted or required by any
form of Security of such series issued pursuant to this Indenture, the provisions of this Article 13 shall apply to each series of Securities, and the Issuers may, at its option, effect legal defeasance of the Securities of or within a series under
Section 13.2, or covenant defeasance of the Securities of or within a series under Section 13.3, in accordance with the terms of such Securities and in accordance with this Article 13. 

  
 38 

 Section 13.2 Legal Defeasance and Discharge. 

Upon the Issuers’ exercise of the option provided in Section 13.1 applicable to this Section 13.2 with respect to any
Securities or any series of Securities, as the case may be, the Issuers shall be deemed to have been discharged from their obligations with respect to such Securities as provided in this Section on and after the date the conditions set forth in
Section 13.4 are satisfied (hereinafter called “Legal Defeasance”). For this purpose, such Legal Defeasance means that the Issuers shall be deemed to have paid and discharged the entire indebtedness represented by such Securities and
to have satisfied all their other obligations under such Securities and this Indenture insofar as such Securities are concerned (and the Trustee, at the expense of the Issuers, shall execute proper instruments acknowledging the same), subject to the
following which shall survive until otherwise terminated or discharged hereunder: (1) the rights of Holders of such Securities to receive, solely from the trust fund described in Section 13.4 and as more fully set forth in such Section,
payments in respect of the principal of and any premium and interest on such Securities when payments are due, (2) the Issuers’ obligations with respect to such Securities under Sections 3.4, 3.5, 3.6, 10.2 and 10.3 and with respect to the
Trustee, including but not limited to those under Section 6.7, (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder and (4) this Article. Subject to compliance with this Article, the Issuers may exercise its
option under this Section 13.2 notwithstanding the prior exercise of their option under Section 13.3. 
 Section 13.3
Covenant Defeasance. 
 Upon the Issuers’ exercise of the option provided in Section 13.1 applicable to this
Section 13.3 with respect to any Securities of or within a series of Securities, as the case may be, (1) the Issuers and the Guarantor shall be released from their obligations under any covenants provided pursuant to Sections 3.1(o) or
9.1(b) for the benefit of the Holders of such Securities and (2) the occurrence of any event specified in Section 5.1(c) (with respect to any such covenants provided pursuant to Section 3.1(o) or 9.1(b) and 5.1(f)) shall be deemed not
to be or result in an Event of Default, in each case with respect to such Securities as provided in this Section on and after the date the conditions set forth in Section 13.4 are satisfied (hereinafter called “Covenant Defeasance”).
For this purpose, such Covenant Defeasance means that, with respect to such Securities, the Issuers and the Guarantor may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such specified
Section (to the extent so specified in the case of Section 5.1(f)), whether directly or indirectly by reason of any reference elsewhere herein to any such Section or by reason of any reference in any such Section to any other provision herein
or in any other document, but the remainder of this Indenture and such Securities shall be unaffected thereby. 
 Section 13.4
Conditions to Legal Defeasance or Covenant Defeasance. 
 The following shall be the conditions to the application of
Section 13.2 or Section 13.3 to any Securities or any series of Securities, as the case may be: 
 (1) The Issuers
or the Guarantor, or Guarantors shall irrevocably have deposited or caused to be deposited with the Trustee (or another trustee which satisfies the requirements contemplated by Section 6.9 and agrees to comply with the provisions of this
Article applicable to it) as trust funds in trust for the purpose of making the following payments, specifically pledged as security for, and dedicated solely to, the benefits of the Holders of such Securities, (A) cash in an amount, or
(B) U.S. Government Obligations which through the scheduled payment of principal and interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment, money in an amount, or
(C) a combination thereof, in each case sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall be
applied by the Trustee (or any such other qualifying trustee) to pay and discharge, the principal of and any premium and interest on such Securities on the respective Stated Maturities or on the applicable redemption date, as the case may be, in
accordance with the terms of this Indenture and such Securities. 
 (2) In the event of an election under Section 13.2,
the Issuers shall have delivered to the Trustee an Opinion of Counsel stating that (A) the Issuers have received from, or there has been published by, the Internal Revenue Service a ruling or (B) since the date of this instrument, there
has been a change in the applicable Federal income tax law, in either case (A) or (B) to the effect that, and based thereon such opinion shall confirm that, the Holders of such Securities will not recognize gain or loss for Federal income
tax purposes as a result of the deposit, Legal Defeasance and discharge to be effected with respect to such Securities and will be subject to Federal income tax on the same amount, in the same manner and at the same times as would be the case if
such deposit, Legal Defeasance and discharge were not to occur. 

  
 39 

 (3) In the event of an election under Section 13.3, the Issuers shall have
delivered to the Trustee an Opinion of Counsel to the effect that the Holders of such Securities will not recognize gain or loss for Federal income tax purposes as a result of the deposit and Covenant Defeasance to be effected with respect to such
Securities and will be subject to Federal income tax on the same amount, in the same manner and at the same times as would be the case if such deposit and Covenant Defeasance were not to occur. 

(4) The Issuers shall have delivered to the Trustee an Officer’s Certificate to the effect that neither such Securities
nor any other Securities of the same series, if then listed on any securities exchange, will be delisted as a result of such deposit. 

(5) No event which is, or after notice or lapse of time or both would become, an Event of Default with respect to such
Securities or any other Securities shall have occurred and be continuing at the time of such deposit or, with regard to any such event specified in Sections 5.1(d) and (e), at any time on or prior to the 90th day after the date of such deposit (it
being understood that this condition shall not be deemed satisfied until after such 90th day). 
 (6) Such Legal Defeasance
or Covenant Defeasance shall not cause the Trustee to have a conflicting interest within the meaning of the Trust Indenture Act (assuming all Securities are in default within the meaning of such Act). 

(7) Such Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under,
any other agreement or instrument to which the Issuers are a party or by which it is bound. 
 (8) Such Legal Defeasance or
Covenant Defeasance shall not result in the trust arising from such deposit constituting an investment company within the meaning of the Investment Company Act of 1940, as amended from time to time, unless such trust shall be registered under such
Act or exempt from registration thereunder. 
 (9) The Issuers shall have delivered to the Trustee an Officer’s
Certificate and an Opinion of Counsel, each stating that all conditions precedent with respect to such Legal Defeasance or Covenant Defeasance have been complied with. 

Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions. 

Subject to the provisions of the last paragraph of Section 10.3, all money and U.S. Government Obligations (including the proceeds
thereof) deposited with the Trustee pursuant to Section 13.4 in respect of any Securities shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and this Indenture, to the payment, either
directly or through any such Paying Agent (including the Issuers acting as its own Paying Agent) as the Trustee may determine, to the Holders of such Securities, of all sums due and to become due thereon in respect of principal and any premium and
interest, but money so held in trust need not be segregated from other funds except to the extent required by law. 
 The Issuers shall pay
and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government Obligations deposited pursuant to Section 13.4 or the principal and interest received in respect thereof other than any such tax,
fee or other charge which by law is for the account of the Holders of Outstanding Securities. 
 Anything in this Article to the contrary
notwithstanding, the Trustee shall deliver or pay to the Issuers from time to time upon Issuers Request any money or U.S. Government Obligations held by it as provided in Section 13.4 with respect to any Securities which, in the opinion of a
nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect the Legal Defeasance or
Covenant Defeasance, as the case may be, with respect to such Securities. 
 Section 13.6 Reinstatement. 

If the Trustee or the Paying Agent is unable to apply any money in accordance with this Article with respect to any Securities by reason of
any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the obligations under this Indenture and such Securities from which the Issuers have been discharged or released
pursuant to Section 13.2 or 13.3 shall be revived and reinstated as though no deposit had occurred pursuant to this Article with respect to such Securities, until such time as the Trustee or Paying Agent is permitted to apply all money held in
trust pursuant to Section 13.5 with respect to such Securities in accordance with this Article; provided, however, that if the Issuers make any payment of principal of or any premium or interest on any such Security following such reinstatement
of its obligations, the Issuers shall be subrogated to the rights (if any) of the Holders of such Securities to receive such payment from the money so held in trust. 

* * * * * 

  
 40 

 This instrument may be executed in any number of counterparts, each of which so executed shall be
deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and
delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or .pdf attachment shall be deemed to be their original signatures for
all purposes. 

  
 41 

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

					
	CTR PARTNERSHIP, L.P., as Issuer,
		
	By:	 	CareTrust GP, LLC, its general partner
		
	By:	 	/s/ William M. Wagner
		 	Name:	 	William M. Wagner
		 	Title:	 	Chief Financial Officer, Treasurer and Secretary
	
	CARETRUST CAPITAL CORP., as Issuer,
		
	By:	 	/s/ William M. Wagner
		 	Name:	 	William M. Wagner
		 	Title:	 	Chief Financial Officer, Treasurer and Secretary
	
	CARETRUST REIT, INC., as Parent and a Guarantor,
		
	By:	 	/s/ William M. Wagner
		 	Name:	 	William M. Wagner
		 	Title:	 	Chief Financial Officer and Treasurer

 [Signature page to Indenture] 

 
					
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee,
		
	By:	 	/s/ Maddy Hughes
		 	Name:	 	Maddy Hughes
		 	Title:	 	Vice President

 [Signature page to Indenture]EX-4.2

 Exhibit 4.2 
  

 
  

CTR PARTNERSHIP, L.P. 
 and 

CARETRUST CAPITAL CORP., 
 as
Issuers, 
 CARETRUST REIT, INC., 

as Parent and a Guarantor, 

CARETRUST GP, LLC, 
 as General
Partner and a Guarantor, 
 the other GUARANTORS named herein, 

as Guarantors, 
 and 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Trustee 
  

 
 FIRST
SUPPLEMENTAL INDENTURE 
 Dated as of May 24, 2017 

To the Indenture dated as of May 24, 2017 
  

 
 Establishing a
series of Securities designated 
 5.25% Senior Notes due 2025 
  

 
  

 CROSS-REFERENCE TABLE 

 

					
	 Trust Indenture Act Section
	  	Section of Base Indenture as
amended by this First
Supplemental Indenture	 
	 310(a)(1)
	  	 	6.9	 
	 (a)(2)
	  	 	6.9	 
	 (a)(3)
	  	 	N.A.	 
	 (a)(4)
	  	 	N.A.	 
	 (a)(5)
	  	 	6.9	 
	 (b)
	  	 	6.8; 6.10	 
	 311(a)
	  	 	6.13	 
	 (b)
	  	 	6.13	 
	 (c)
	  	 	N.A.	 
	 312(a)
	  	 	7.1; 7.2(a)	 
	 (b)
	  	 	1.7; 7.2(b)	 
	 (c)
	  	 	1.7; 7.2(c)	 
	 313(a)
	  	 	7.3(a)	 
	 (b)(1)
	  	 	N.A.	 
	 (b)(2)
	  	 	7.3(a)	 
	 (c)
	  	 	7.3(a)	 
	 (d)
	  	 	7.3(b)	 
	 314(a)
	  	 	10.5; 10.15	 
	 (b)
	  	 	N.A.	 
	 (c)(1)
	  	 	1.8; 1.9; 6.3	 
	 (c)(2)
	  	 	1.8; 1.9; 6.3	 
	 (c)(3)
	  	 	N.A.	 
	 (d)
	  	 	N.A.	 
	 (e)
	  	 	1.9	 
	 (f)
	  	 	N.A.	 
	 315(a)
	  	 	6.1(a); 6.3	 
	 (b)
	  	 	1.6; 6.2	 
	 (c)
	  	 	6.1(b)	 
	 (d)
	  	 	5.5; 6.1(c)	 
	 (e)
	  	 	5.11	 
	 316(a)(last sentence)
	  	 	3.13	 
	 (a)(1)(A)
	  	 	5.5	 
	 (a)(1)(B)
	  	 	5.4	 
	 (a)(2)
	  	 	9.2	 
	 (b)
	  	 	5.7	 
	 (c)
	  	 	9.4	 
	 317(a)(1)
	  	 	5.8	 
	 (a)(2)
	  	 	5.9	 
	 (b)
	  	 	6.6	 
	 318(a)
	  	 	1.5	 
	 (c)
	  	 	1.5	 

  

N.A. means Not Applicable 
 Note:    This
Cross-Reference Table shall not, for any purpose, be deemed to be a part of this First Supplemental Indenture. 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 ARTICLE ONE
	  	APPLICATION OF SUPPLEMENTAL INDENTURE AND CREATION OF THE NOTES	  	 	1	 
	 ARTICLE TWO
	  	DEFINITIONS AND OTHER TERMS OF GENERAL APPLICATION	  	 	2	 
	 ARTICLE THREE
	  	THE NOTES	  	 	33	 
	 ARTICLE FOUR
	  	DISCHARGE OF INDENTURE	  	 	35	 
	 ARTICLE FIVE
	  	DEFAULT AND REMEDIES	  	 	36	 
	 ARTICLE SIX
	  	THE TRUSTEE	  	 	40	 
	 ARTICLE SEVEN
	  	HOLDERS’ LISTS AND REPORTS BY THE TRUSTEE	  	 	40	 
	 ARTICLE EIGHT
	  	GUARANTY	  	 	41	 
	 ARTICLE NINE
	  	AMENDMENTS, SUPPLEMENTS AND WAIVERS	  	 	43	 
	 ARTICLE TEN
	  	COVENANTS	  	 	45	 
	 ARTICLE ELEVEN
	  	REDEMPTION	  	 	64	 
	 ARTICLE TWELVE
	  	SINKING FUNDS	  	 	66	 
	 ARTICLE THIRTEEN
	  	DEFEASANCE	  	 	66	 
	 ARTICLE FOURTEEN
	  	SUCCESSOR CORPORATION	  	 	69	 
	 ARTICLE FIFTEEN
	  	ADDITIONAL TERMS OF THIS FIRST SUPPLEMENTAL INDENTURE	  	 	71	 
	 SIGNATURES
	  		  	 	S-1	 
		
	 Exhibit A – Form of Note
	  	 	A-1	 
		
	 Exhibit B – Form of Supplemental Indenture
	  	 	B-1	 

 Note: This Table of Contents shall not, for any purpose, be deemed to be part of this First Supplemental Indenture. 

  
 -i- 

 FIRST SUPPLEMENTAL INDENTURE, dated as of May 24, 2017, among CTR Partnership, L.P., a
Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (each, an “Issuer”, and together, the “Issuers”), CareTrust REIT, Inc., a Maryland corporation (“Parent”), as
Guarantor, CareTrust GP, LLC, a Delaware limited liability company (“General Partner”), as Guarantor, each of the other Guarantors named herein, as Guarantors, and Wells Fargo Bank, National Association, a national banking
association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”) to the Indenture, dated as of May 24, 2017, between the Issuers, the Parent, the Guarantors from time to time party
thereto and the Trustee (the “Base Indenture” and, as supplemented by this First Supplemental Indenture, the “Indenture”). 

RECITALS OF THE ISSUERS 

WHEREAS, the Issuers, the Parent and the Trustee have heretofore executed and delivered the Base Indenture, providing for the issuance from
time to time of the Issuers’ unsecured debentures, notes or other evidences of indebtedness, to be issued in one or more series as provided in the Base Indenture; 

WHEREAS, Section 9.1(e) of the Base Indenture permits the Issuers and the Trustee to enter into a supplemental indenture to the Base
Indenture to establish the form and terms of any series of Securities; 
 WHEREAS, Section 2.1 of the Base Indenture permits the form
of Securities of any series to be established in a supplemental indenture to the Base Indenture; 
 WHEREAS, Section 3.1 of the Base
Indenture permits certain terms of any series of Securities to be established pursuant to a supplemental indenture to the Base Indenture; 

WHEREAS, pursuant to Sections 2.1 and 3.1 of the Base Indenture, the Issuers desire to provide for the establishment of a new series of
Securities in an initial aggregate principal amount of $300,000,000 to be designated the “5.25% Senior Notes due 2025” (hereinafter called the “Notes”) under the Base Indenture, the form and substance of such Notes and the
terms, provisions and conditions thereof to be set forth as provided in the Base Indenture and this First Supplemental Indenture; and 

WHEREAS, all things necessary to make this First Supplemental Indenture a valid agreement of the Issuers and the Guarantors, in accordance
with its terms, have been done; 
 NOW, THEREFORE, for and in consideration of the foregoing and the purchase of the Notes established by
this First Supplemental Indenture by the Holders thereof, it is mutually agreed, for the equal and proportionate benefit of all such Holders, as follows: 

ARTICLE ONE 

APPLICATION OF SUPPLEMENTAL INDENTURE AND CREATION OF THE NOTES 

SECTION 1.01. Application of this First Supplemental Indenture. 

This First Supplemental Indenture constitutes a part of the Base Indenture (the provisions of which, as modified by this First Supplemental
Indenture, shall apply to the Notes) in respect of the Notes. Notwithstanding any other provision of this First Supplemental Indenture, all provisions of this First Supplemental Indenture are expressly and solely for the benefit of the Holders of
the Notes and any such provisions shall not be deemed to apply to any other series of Securities issued under the Indenture and shall not be deemed to amend, modify or supplement the Base Indenture for any purpose other than with respect to the
Notes. All Initial Notes and Additional Notes, if any, will be treated as a single class for all purposes of this Indenture, including waivers, amendments, redemptions and offers to purchase. 

SECTION 1.02. Effect of Supplemental Indenture. 

(a) With respect to the Notes only, the Base Indenture shall be supplemented pursuant to Section 9.1(e) thereof to establish the terms of
the Notes as set forth in this First Supplemental Indenture. 

 (b) To the extent that the provisions of this First Supplemental Indenture conflict with any
provision of the Base Indenture, the provisions of this First Supplemental Indenture shall govern and be controlling. 

SECTION 1.03. The Trustee. 

The Trustee accepts the amendments of the Base Indenture effected by this First Supplemental Indenture, but on the terms and conditions set
forth in the Base Indenture, including the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee. Without limiting the generality of the foregoing, the Trustee shall not be responsible in any manner
whatsoever for or in respect of the validity or sufficiency of this First Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Issuers and the Guarantors. 

ARTICLE TWO 

DEFINITIONS AND OTHER TERMS OF GENERAL APPLICATION 

SECTION 2.01. Certain Terms Defined in the Indenture. 

For all purposes of this First Supplemental Indenture, the capitalized terms used herein (i) which are defined or amended in this Article
Two have the respective meanings assigned hereto in this Article Two and (ii) which are defined in the Base Indenture (and which are not defined or amended in this Article Two) have the respective meanings assigned thereto in the Base
Indenture. 
 SECTION 2.02. Definitions. 

(a) The first paragraph of Section 1.1 of the Base Indenture (the paragraph preceding the definition of “Act”) shall be deleted
in its entirety and shall not be applicable to the Notes. 
 (b) Section 1.1 of the Base Indenture shall be amended to add new
definitions thereto in appropriate alphabetical sequence, as follows: 
 “Acquired Indebtedness” means Indebtedness of a
Person existing at the time such Person is merged into or consolidated with Parent or any of its Restricted Subsidiaries or becomes (including by redesignation) a Restricted Subsidiary of Parent or that is assumed in connection with an Asset
Acquisition from such Person by a Restricted Subsidiary of Parent and Indebtedness encumbering any property or asset acquired from such Person; provided, however, that Indebtedness of such Person that is redeemed, repurchased,
defeased, discharged, retired or otherwise repaid (or for which an irrevocable deposit is made in an amount sufficient to effect the foregoing) at the time of or immediately upon consummation of or substantially concurrently with the transactions by
which such Person is merged into or consolidated with Parent or any of its Restricted Subsidiaries or becomes (including by redesignation) a Restricted Subsidiary of Parent or such Asset Acquisition shall not be deemed to be Indebtedness. 

“Adjusted Consolidated Net Income” means, for any period, the aggregate net income (or loss) (before giving effect to cash
dividends on preferred stock of Parent or charges resulting from the redemption of preferred stock of Parent, but without giving effect to deductions for non-controlling or minority interests in the Partnership) of Parent and its Restricted
Subsidiaries for such period determined on a consolidated basis in conformity with GAAP; provided, however, that the following items shall be excluded in computing Adjusted Consolidated Net Income, without duplication: 

(1) the net income of any Person, other than Parent or a Restricted Subsidiary of Parent, except to the extent of the amount of
dividends or other distributions or payments actually paid in cash (or to the extent converted into cash) or Temporary Cash Investments to Parent or any of its Restricted Subsidiaries by such Person during such period; 

(2) solely for the purpose of determining the amount available for Restricted Payments under Section 10.9(a)(C)(i), the
net income of any Restricted Subsidiary of Parent to the extent that the declaration or payment of dividends or similar distributions by such Restricted Subsidiary of such net 

  
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income is not at the time permitted by the operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to such
Restricted Subsidiary, except to the extent that such restrictions with respect to the declaration and payment of dividends or distributions have been waived or approval for such declaration or payment has been obtained; provided, however, that such
exclusions shall not apply with respect to limitations imposed either pursuant to Indebtedness which has been irrevocably called for redemption, repurchase or other acquisition or in respect of which the required steps have been taken to have such
Indebtedness defeased or discharged, or an irrevocable deposit has been made in an amount sufficient to effect the foregoing; provided further, that Adjusted Consolidated Net Income will be increased by the amount of dividends or other
distributions or other payments made or permitted to be made in cash (or to the extent converted into cash) or Temporary Cash Investments to Parent or a Restricted Subsidiary thereof in respect of such period, to the extent not already included
therein; 
 (3) the cumulative effect of a change in accounting principles; 

(4) gains and losses (i) resulting from fluctuations in currency values or exchange rates and the related tax effects, and
mark-to-market of Hedging Obligations and other obligations, and including charges relating to Accounting Standards Codification Nos. 815 and 820 or (ii) attributable to the extinguishment, retirement or conversion of Indebtedness or the
settlement or termination of Hedging Obligations; 
 (5) [Reserved]; 

(6) any after-tax gains or losses attributable to Asset Sales or other Asset Dispositions, including any disposition of any
securities, or disposed, discontinued or abandoned operations; 
 (7) any non-cash compensation expense or charges related or
attributable to grants, issuances, repurchases, repricings or other modifications of stock options, restricted stock, restricted stock units, stock appreciation rights, other Capital Stock or equity-based awards or similar rights or otherwise with
respect to stock-based compensation plans to or with respect to officers, directors and employees of Parent and any of its Subsidiaries; and 

(8) all after-tax extraordinary gains or extraordinary losses; 

provided, however, that proceeds from any business interruption insurance shall be added to Adjusted Consolidated Net Income to the extent such
proceeds were not included in the computation thereof. 
 “Adjusted Total Assets” means, for any Person, the sum of: 

(1) Total Assets for such Person and its Restricted Subsidiaries on a consolidated basis as of the end of the last completed
fiscal quarter preceding the applicable determination date; and 
 (2) any increase in Total Assets for such Person and its
Restricted Subsidiaries on a consolidated basis following the end of such quarter determined on a pro forma basis, including any pro forma increase in Total Assets for such Person and its Restricted Subsidiaries on a consolidated basis
resulting from the application of the proceeds of any additional Indebtedness. 
 “Adjusted Treasury Rate” means, with
respect to any Redemption Date, (1) the yield as of the earlier of (a) such Redemption Date and (b) the date on which such Notes are defeased or satisfied and discharged, under the heading which represents the average for the
immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System and which
establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the Comparable Treasury Issue (if no maturity is
within three months before or after June 1, 2020, yields for the two published maturities most closely corresponding to the Comparable Treasury Issue shall be determined and the Adjusted Treasury Rate shall be interpolated or extrapolated from
such yields on a straight line basis, rounding to the nearest month) or (2) if such release (or any successor release) is not published during the 

  
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week preceding the calculation date or does not contain such yields, the rate per year equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue (expressed as a
percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date, in each case calculated by the Issuers on the third Business Day immediately preceding the Redemption Date, plus, in the case of each of clauses
(1) and (2), 0.50%. 
 “Applicable Premium” means with respect to a Note at any Redemption Date, the greater of
(1) 1.00% of the principal amount of such Note and (2) the excess of (A) the present value at such Redemption Date of (i) the Redemption Price of such Note on June 1, 2020 (such Redemption Price being described in
Section 5 of the Note, exclusive of any accrued and unpaid interest) plus (ii) all required remaining scheduled interest payments due on such Note through June 1, 2020 (but excluding accrued and unpaid interest to such Redemption
Date), computed using a discount rate equal to the Adjusted Treasury Rate at such Redemption Date, over (B) the principal amount of such Note on such Redemption Date. 

“Asset Acquisition” means: 

(1) an investment by Parent or any of its Restricted Subsidiaries in any other Person pursuant to which such Person shall
become (including by redesignation) a Restricted Subsidiary of Parent or shall be merged into or consolidated with Parent or any of its Restricted Subsidiaries; provided, however, that such Person’s primary business is related,
ancillary, incidental or complementary to the business of the Issuers or any of their Restricted Subsidiaries on the date of such investment or a Permitted Business; or 

(2) an acquisition by Parent or any of its Restricted Subsidiaries from any other Person of assets that constitute all or
substantially all of a division or line of business, or one or more properties or operations, of such Person; provided, however, that the assets and properties acquired are related, ancillary, incidental or complementary to the
business of the Issuers or any of their Restricted Subsidiaries on the date of such acquisition or a Permitted Business. 
 “Asset
Disposition” means the sale, transfer, conveyance or other disposition (including by merger or consolidation) by Parent or any of its Restricted Subsidiaries, other than to Parent or any of its Restricted Subsidiaries, of: 

(1) Capital Stock of or other securities of or interests in any Subsidiary; or 

(2) all or substantially all of the assets that constitute a division or line of business, or one or more properties or
operations, of Parent or any of its Restricted Subsidiaries. 
 “Asset Sale” means any sale, transfer or other disposition,
including by way of merger, consolidation or Sale and Leaseback Transaction, in one transaction or a series of related transactions by Parent or any of its Restricted Subsidiaries to any Person other than Parent or any of its Restricted Subsidiaries
of: 
 (1) all or any of the Capital Stock of any Restricted Subsidiary of Parent (other than the Partnership); 

(2) all or substantially all of the assets that constitute a division or line of business of Parent or any of its Restricted
Subsidiaries; or 
 (3) any property and assets of Parent or any of its Restricted Subsidiaries outside the ordinary course
of business of Parent or such Restricted Subsidiary; 
 provided, however, that “Asset Sale” shall
not include: 
 (1) the lease or sublease of any Real Estate Asset and guarantees of any such lease or sublease; 

(2) sales, leases, assignments, licenses, sublicenses, subleases or other dispositions of inventory, receivables and other
current assets; 

  
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 (3) the sale, conveyance, transfer, disposition or other transfer (including by
way of merger or consolidation) of all or substantially all of the assets of Parent and its Restricted Subsidiaries taken as a whole in accordance with Section 14.1; 

(4) the license or sublicense of software, intellectual property or other general intangibles; 

(5) the issuance of Capital Stock by a Restricted Subsidiary of Parent to Parent or another Restricted Subsidiary of Parent or
in which the percentage interest (direct and indirect) in the Capital Stock of such Restricted Subsidiary owned, directly or indirectly, by Parent after giving effect to such issuance is at least equal to the percentage interest prior to such
issuance; 
 (6) any issuance of Capital Stock (other than Disqualified Stock) by the Partnership in order to acquire assets
used or useful in a Permitted Business (including Capital Stock of a Person primarily owning such assets); 
 (7) the
surrender or waiver of contract rights; expirations or terminations or unwindings of contracts or agreements; or settlement, release or surrender of a contract, tort or other litigation claim in the ordinary course of business; 

(8) any Restricted Payment not prohibited by Section 10.9 (including any transaction expressly permitted thereby) or a
Permitted Investment; 
 (9) sales, transfers or other dispositions of assets or the sale or issuance of Capital Stock with a
fair market value not in excess of $10.0 million in any transaction or series of related transactions; 
 (10) sales or other
dispositions of assets for consideration at least equal to the fair market value of the assets sold or disposed of, to the extent that the consideration received would satisfy Section 10.11(c)(2), Section 10.11(c)(5) or
Section 10.11(c)(6); 
 (11) sales or other dispositions of cash or Temporary Cash Investments; 

(12) dispositions of receivables in connection with the compromise, settlement or collection thereof in the ordinary course of
business or in a bankruptcy or similar proceeding and factoring and similar arrangements; 
 (13) terminations of Hedging
Obligations; 
 (14) the creation, granting, perfection or realization of any Lien not prohibited under this Indenture and
any exercise of remedies in respect thereof; 
 (15) Section 1031 exchanges and other exchanges for Replacement Assets
or other replacement property or assets in the ordinary course of business; 
 (16) the lease, assignment or sublease of
property in the ordinary course of business so long as the same does not materially interfere with the business of Parent and its Restricted Subsidiaries, taken as a whole and the exercise of termination rights with respect to such lease assignment
or sublease; 
 (17) sales, exchanges, transfers or other dispositions or the abandonment of damaged, worn-out or obsolete or
otherwise unsuitable or unnecessary equipment or assets that, in Parent’s reasonable judgment, are no longer used or useful in the business of Parent or its Restricted Subsidiaries and any sale or disposition of property in connection with
scheduled turnarounds, maintenance and equipment and facility updates; 
 (18) any disposition of Designated Non-cash
Consideration; provided that such disposition increases the amount of Net Cash Proceeds of the Asset Sale that resulted in such Designated Non-cash Consideration; 

  
 5 

 (19) foreclosure, condemnation or any similar action with respect to any property
or other assets, including transfers or dispositions of such property or other assets subject thereto; 
 (20) any
disposition of equity interests of a Restricted Subsidiary of Parent pursuant to an agreement or other obligation with or to a Person (other than Parent or any of its Restricted Subsidiaries) from whom such Restricted Subsidiary was acquired, or
from whom such Restricted Subsidiary acquired its business and assets (having been newly formed in connection with such acquisition), made as part of such acquisition and in each case comprising all or a portion of the consideration in respect of
such sale or acquisition; 
 (21) any financing transaction with respect to property constructed, acquired, replaced,
repaired or improved (including any reconstruction, refurbishment, renovation and/or development of real property) by Parent or any of its Restricted Subsidiaries otherwise permitted by this Indenture; 

(22) sales of Unrestricted Subsidiaries or joint ventures that are not Subsidiaries, or Capital Stock or other Investments
therein, or assets thereof; and 
 (23)(a) the issuance or sale of directors’ qualifying shares and (b) the
issuance, sale or transfer of Capital Stock of foreign Restricted Subsidiaries of Parent to foreign nationals to the extent required by applicable law. 

“Attributable Debt” in respect of a Sale and Leaseback Transaction means, at the time of determination, the present value of
the total obligations of the lessee for net rental payments during the remaining term of the lease included in such Sale and Leaseback Transaction. For purposes hereof such present value shall be calculated using a discount rate equal to the rate of
interest implicit in such Sale and Leaseback Transaction, determined by the lessee in good faith on a basis consistent with comparable determinations of Capitalized Lease Obligations under GAAP; provided, however, that if such Sale and
Leaseback Transaction results in a Capitalized Lease Obligation, the amount of Indebtedness represented thereby will be determined in accordance with the definition of “Capitalized Lease Obligations.” 

“Average Life” means at any date of determination with respect to any debt security, the quotient obtained by dividing: 

(1) the sum of the products of: 

(x) the number of years from such date of determination to the dates of each successive scheduled principal payment of such
debt security, and 
 (y) the amount of such principal payment; by 

(2) the sum of all such principal payments. 

“Bankruptcy Law” means Title 11 of the United States Code, as amended, or any insolvency or other similar federal or state
law for the relief of debtors. 
 “Capital Corp” means CareTrust Capital Corp., a Delaware corporation, and any and all
successors thereto. 
 “Capital Stock” means, with respect to any Person, any and all shares, interests, participations or
other equivalents (however designated, whether voting or non-voting), including partnership or limited liability company interests, whether general or limited, in the equity of such Person, whether outstanding on the Closing Date or issued
thereafter, including all Common Stock and Preferred Stock and all options, warrants or other rights issued by such Person to purchase Capital Stock of such Person; provided that, for the avoidance of doubt, Convertible Indebtedness and any
other debt securities convertible into or exchangeable (in whole or in part) for such shares, interests, participations or other equivalents shall not constitute Capital Stock unless and until (and to the extent) actually converted into or exchanged
for such shares, interests, participations or other equivalents. 

  
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 “Capitalized Lease” means, as applied to any Person, any lease of any property,
whether real, personal or mixed, of which the discounted present value of the rental obligations of such Person as lessee, in conformity with GAAP, is required to be capitalized on the balance sheet of such Person. For clarity purposes,
(i) GAAP for purposes of this definition shall be deemed GAAP as in effect on the Closing Date, (ii) for the avoidance of doubt, any lease that is properly accounted for by such Person as an operating lease as of the Closing Date and any
similar lease entered into after the Closing Date by such Person will be accounted for as an operating lease and not as a Capitalized Lease and (iii) the Master Leases will be accounted for as operating leases and not as Capitalized Leases.

 “Capitalized Lease Obligations” means, at the time any determination is to be made, the amount of the liability in
respect of a Capitalized Lease that would at that time be required to be capitalized on a balance sheet in accordance with GAAP. 

“Change of Control” means the occurrence of one or more of the following events: 

(1) any sale, exchange or other transfer (in one transaction or a series of related transactions) of all or substantially all
of the assets of Parent and its Subsidiaries taken as a whole to any “person” or “group” (as such terms are defined in Sections 13(d) and 14(d)(2) of the Exchange Act), together with any Affiliates thereof (whether or not
otherwise in compliance with the provisions of this Indenture) (other than to Parent or its Restricted Subsidiaries), provided, however, that for the avoidance of doubt, the lease of all or substantially all of the assets of Parent and
its Subsidiaries taken as a whole shall not constitute a Change of Control; 
 (2) a “person” or “group”
(as such terms are defined in Sections 13(d) and 14(d)(2) of the Exchange Act), becomes the ultimate “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act) of more than 50% of the total voting power of the Voting Stock of
Parent on a fully diluted basis; or 
 (3) the approval by the holders of Capital Stock of Parent of any plan or proposal for
the liquidation or dissolution of Parent (whether or not otherwise in compliance with the provisions of this Indenture). 
 Notwithstanding
the foregoing: (A) any holding company, all or substantially all of the assets of which are comprised of Parent or any 100% direct or indirect parent company of Parent, shall not itself be considered a “person” or “group”;
(B) the transfer of assets between or among Parent’s Restricted Subsidiaries and Parent shall not itself constitute a Change of Control; (C) the term “Change of Control” shall not include a merger or consolidation of Parent
with or the sale, assignment, conveyance, transferor other disposition of all or substantially all of Parent’s assets to, an Affiliate incorporated or organized solely for the purpose of reincorporating or reorganizing Parent in another
jurisdiction and/or for the sole purpose of forming or collapsing a holding company structure; and (D) a “person” or “group” shall not be deemed to have beneficial ownership of securities subject to a stock or asset purchase
agreement, merger agreement or similar agreement (or voting or option or similar agreement related thereto) until the consummation of the transactions contemplated by such agreement. 

“Closing Date” means May 24, 2017. 

“Code” means the Internal Revenue Code of 1986, as amended. 

“Common Stock” means, with respect to any Person, any and all shares, interests, participations or other equivalents (however
designated, whether voting or non-voting) that have no preference on liquidation or with respect to distributions over any other class of Capital Stock, including partnership interests, whether general or limited, of such Person’s equity,
whether outstanding on the Closing Date or issued thereafter, including all series and classes of common stock. 
 “Common
Units” means the limited partnership units of the Partnership, that by their terms are redeemable at the option of the holder thereof and that, if so redeemed, at the election of Parent are redeemable for cash or Common Stock of Parent.

  
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 “Comparable Treasury Issue” means the United States Treasury security selected
by the Quotation Agent as having a maturity comparable to the remaining term of the Notes from the Redemption Date to June 1, 2020, 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 a maturity most nearly equal to June 1, 2020. 
 “Comparable Treasury
Price” means, with respect to any Redemption Date, if clause (2) of the Adjusted Treasury Rate definition is applicable, the average of three, or such lesser number as is obtained by the Issuers, Reference Treasury Dealer Quotations
for such Redemption Date. 
 “Consolidated EBITDA” means, for any period, Adjusted Consolidated Net Income for such period
plus, to the extent such amount was deducted in calculating such Adjusted Consolidated Net Income (without duplication): 

(1) Consolidated Interest Expense; 

(2) provision for taxes based on income or profits or capital gains, including federal, state, provincial, franchise, excise
and similar taxes and foreign withholding taxes; 
 (3) depreciation and amortization (including without limitation
amortization or impairment write-offs of goodwill and other intangibles and the amortization or write-off of debt issuance and deferred financing costs (to the extent reflected therein) but excluding amortization of prepaid cash expenses that were
paid in a prior period); 
 (4) any cost, charge, fee or expense (including any premiums, discounts, commissions, fees and
charges and all legal, accounting, advisory and other transaction-related charges, fees, costs and expenses, incurred in connection with or associated with any Financing Activity or Equity Offering not prohibited by this Indenture (any such
transaction, a “Capital Transaction”), whether or not such Capital Transaction is consummated, in each case not to exceed 20% of Consolidated EBITDA (calculated on a pro forma basis for any relevant transaction giving rise to the
calculation of Consolidated EBITDA but before giving effect to the costs, charges, fees and expenses described in this clause (4)), with respect to any individual Capital Transaction; 

(5) any cost, charge, fee or expense (including any premiums, fees and charges and all legal, accounting, advisory and other
transaction-related charges, fees, costs and expenses, incurred in connection with or associated with any Permitted Investment, acquisition, disposition or recapitalization not prohibited by this Indenture (any such transaction, a “Strategic
Transaction”), whether or not such Strategic Transaction is consummated, in each case not to exceed 20% of Consolidated EBITDA (calculated on a pro forma basis for any relevant transaction giving rise to the calculation of Consolidated
EBITDA but before giving effect to the costs, charges, fees and expenses described in this clause (5)), with respect to any individual Strategic Transaction; 

(6) the amount of integration costs deducted (and not added back) in such period in computing Adjusted Consolidated Net Income,
including any direct transaction or restructuring costs incurred in connection with acquisitions or dispositions, not to exceed for any period 20% of Consolidated EBITDA (calculated on a pro forma basis for any relevant transaction giving
rise to the calculation of Consolidated EBITDA but before giving effect to the costs described in this clause (6)); 
 (7)
all after-tax unusual or non-recurring charges or items of loss or expense, net of all after-tax unusual or non-recurring gains, not to exceed for any period 20% of Consolidated EBITDA (calculated on a pro forma basis for any relevant
transaction giving rise to the calculation of Consolidated EBITDA but before giving effect to the costs described in this clause (7)); 

(8) impairment charges or asset write-offs or write-downs related to intangible assets (including goodwill), long-lived assets,
receivables, investments or as a result of a change in a law of regulation, in each case pursuant to GAAP; 

  
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 (9) all cash dividends or other distributions accrued (excluding dividends
payable solely in equity interests (other than Disqualified Stock) of Parent or Issuers) on any series of Disqualified Stock of Parent or Issuers and any series of Preferred Stock of any Restricted Subsidiary of Issuers during such period; and 

(10) all other non-cash items reducing Adjusted Consolidated Net Income (other than items that will require cash payments and
for which an accrual or reserve is, or is required by GAAP to be, made), less all non-cash items increasing Adjusted Consolidated Net Income, all as determined on a consolidated basis for Parent and its Restricted Subsidiaries in conformity with
GAAP. 
 Notwithstanding the preceding, the income taxes of, and the depreciation and amortization and other non-cash items of, a Subsidiary
shall be added to (or subtracted from) Adjusted Consolidated Net Income to compute Consolidated EBITDA only to the extent (and in the same proportion) that net income of such Subsidiary was included in calculating Adjusted Consolidated Net Income.

 “Consolidated Interest Expense” means, for any period, the aggregate amount of interest expense, less the aggregate
amount of interest income for such period, in respect of Indebtedness of Parent and its Restricted Subsidiaries during such period, all as determined on a consolidated basis in conformity with GAAP including (without duplication): 

(1) the interest portion of any deferred payment obligations; 

(2) all commissions, discounts and other fees and expenses owed with respect to letters of credit and bankers’ acceptance
financing; 
 (3) the net cash costs associated with Interest Rate Agreements and Indebtedness that is guaranteed or secured
by assets of Parent or any of its Restricted Subsidiaries; and 
 (4) all but the principal component of rentals in respect
of Capitalized Lease Obligations paid, accrued or scheduled to be paid or accrued by Parent and its Restricted Subsidiaries; 
 provided, that
Consolidated Interest Expense shall exclude, to the extent included in interest expense above, (i) the amount of such interest expense of any Restricted Subsidiary if the net income of such Restricted Subsidiary is excluded in the calculation
of Adjusted Consolidated Net Income, (ii) accretion of accrual of discounted liabilities not constituting Indebtedness, (iii) any expense resulting from the discounting of any outstanding Indebtedness in connection with the application of
purchase accounting in connection with any acquisition, (iv) amortization of deferred financing fees, debt issuance costs, commissions, fees and expenses, (v) any expensing of bridge, commitment or other financing fees (but not revolving
loan commitment fees) and (vi) non-cash costs associated with Hedging Obligations or attributable to mark to market valuation of derivative instruments pursuant to GAAP and gains and losses attributable to the settlement, unwinding or
termination of Hedging Obligations. 
 “Convertible Indebtedness” means Indebtedness of Parent or the Partnership permitted
to be incurred under the terms of this Indenture that is (i) convertible into Common Stock of Parent (and cash in lieu of fractional shares) and/or cash (in an amount determined by reference to the price of such Common Stock) or (ii) sold
as units with call options, warrants or rights to purchase (or substantially equivalent derivative transactions) that are exercisable for Common Stock of Parent and/or cash (in an amount determined by reference to the price of such Common Stock).

 “Credit Agreement” means the Credit and Guaranty Agreement, dated August 5, 2015, by and among Parent, the General
Partner, the Partnership, certain of its wholly owned subsidiaries, KeyBank National Association and the lenders party thereto, as amended by the First Amendment to the Credit and Guaranty Agreement, dated February 1, 2016, and as may be
further amended, restated, modified, renewed, refunded, replaced or refinanced together with the related documents thereto (including any notes, guarantee agreements and security documents). 

“Credit Facility” means one or more credit or debt facilities (including any credit or debt facilities or term loans provided
under the Credit Agreement), financings, commercial paper facilities, receivables financings, 

  
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note purchase agreements or other debt instruments, indentures or agreements, providing for revolving credit loans, term loans, swingline loans, notes, securities, letters of credit or other debt
obligations, in each case, as amended, restated, modified, renewed, refunded, restructured, supplemented, replaced or refinanced in whole or in part from time to time, including any amendment increasing the amount of Indebtedness Incurred or
available to be borrowed thereunder, extending the maturity of any Indebtedness Incurred thereunder or contemplated thereby or deleting, adding or substituting one or more parties thereto (whether or not such added or substituted parties are banks
or other lenders or investors). 
 “Currency Agreement” means any foreign exchange contract, currency swap agreement or
other similar agreement or arrangement. 
 “defeasance” means either Legal Defeasance or Covenant Defeasance. 

“Default” means any event that is, or after notice or passage of time or both would be, an Event of Default. 

“Depository” means The Depository Trust Company, New York, New York, or a successor thereto registered under the Exchange Act
or other applicable statute or regulation. 
 “Designated Non-cash Consideration” means the fair market value of
non-cash consideration received by Parent or a Restricted Subsidiary in connection with an Asset Sale that is so designated as Designated Non-cash Consideration by an officer of Parent, less the amount of cash and Temporary Cash Investments received
in connection with a subsequent sale, redemption, payment or collection of, on or with respect to such Designated Non-cash Consideration. 

“Designated Preferred Stock” means Preferred Stock of Parent or Partnership (in each case other than Disqualified Stock)
that is issued for cash (other than to a Restricted Subsidiary) and is so designated as Designated Preferred Stock, pursuant to an Officer’s Certificate executed by the principal financial officer of Parent or Partnership, as the case may be,
on the issuance date thereof, the cash proceeds of which are excluded from the calculation set forth in Section 10.9(a)(4)(C). 

“Disqualified Stock” means any class or series of Capital Stock of any Person that by its terms or otherwise is: 

(1) required to be redeemed on or prior to the date that is 91 days after the Stated Maturity of the Notes; 

(2) redeemable at the option of the holder of such class or series of Capital Stock, at any time on or prior to the date that
is 91 days after the Stated Maturity of the Notes (other than in exchange for Capital Stock that is not Disqualified Stock); or 

(3) convertible into or exchangeable for Capital Stock of the type referred to in clause (1) or (2) above or
Indebtedness having a scheduled final maturity on or prior to the date that is 91 days after the Stated Maturity of the Notes; 
 provided,
however, that only the portion of Capital Stock which is so redeemable or required to be redeemed prior to such date will be deemed to be Disqualified Stock; provided further that any Capital Stock that would not constitute
Disqualified Stock but for provisions thereof giving holders thereof the right to require such Person to repurchase or redeem such Capital Stock upon the occurrence of an “asset sale” or “change of control” occurring prior to the
Stated Maturity of the Notes shall not constitute Disqualified Stock if the “asset sale” or “change of control” provisions applicable to such Capital Stock specifically provide that such Person will not repurchase or redeem any
such stock pursuant to such provisions (x) unless such repurchase or redemption complies with Section 10.9 or (y) prior to any purchase of the Notes as are required to be purchased pursuant to Sections 10.7 and 10.11. Disqualified
Stock shall not include (i) Capital Stock which is issued to any plan for the benefit of employees of Parent or its Subsidiaries or by any such plan to such employees solely because it may be required to be redeemed or repurchased by Parent or
its Subsidiaries in order to satisfy applicable statutory or regulatory obligations, or (ii) Capital Stock issued to any future, present or former employee, director, officer or consultant of Parent or its Subsidiaries (or any

  
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direct or indirect parent thereof) which is redeemable or subject to repurchase pursuant to any management equity subscription agreement, stock option agreement, stock ownership plan, put
agreement, shareholders’ agreement or similar agreement. Disqualified Stock shall not include Common Units. 
 “Domestic
Restricted Subsidiary” means any Restricted Subsidiary that is organized under the laws of the United States, any state thereof or the District of Columbia other than any Restricted Subsidiary substantially all the assets of which are
‘‘Controlled Foreign Corporations’’ as defined in Section 957 of the Code. 
 “Ensign” means The
Ensign Group, Inc., a Delaware corporation. 
 “Equity Offering” means a public or private offering of Capital Stock (other
than Disqualified Stock) of Parent or the Partnership. 
 “Existing Indebtedness” means the aggregate principal amount of
Indebtedness of Parent and its Subsidiaries in existence on the Closing Date (including guarantees thereof), until such amounts are repaid. 

“fair market value” means the price that would be paid in an arm’s-length transaction between an informed and willing
seller under no compulsion to sell and an informed and willing buyer under no compulsion to buy or a value that is fair and otherwise on market terms. For purposes of determining compliance with the provisions of Article Four, any determination that
the fair market value of assets other than cash or Temporary Cash Investments is equal to or greater than $30.0 million will be as determined in good faith by the Board of Directors of Parent and otherwise by the principal financial or accounting
officer of Parent acting in good faith, each of whose determination will be conclusive. 
 “Financing Activity” means any
of the following: (a) the actual or attempted Incurrence of any Indebtedness or the issuance of any Capital Stock or other securities by Parent or any Restricted Subsidiary of Parent, activities related to any such actual or attempted
Incurrence or issuance, or the issuance of commitments in respect thereof, (b) amending or modifying, or redeeming, refinancing, tendering for, refunding, defeasing, discharging, repaying, retiring or otherwise acquiring for value, any
Indebtedness prior to the Stated Maturity thereof (including any premium, penalty, commissions or fees) or (c) the termination of any Hedging Obligations or other derivative instruments or any fees paid to enter into any Hedging Obligations or
other derivative instruments. 
 “First Supplemental Indenture” means the first supplemental indenture, dated as of
May 24, 2017, among the Issuers, the Guarantors that have executed signature pages thereto, and the Trustee, to the Base Indenture, in connection with the issuance of the Notes. 

“Four Quarter Period” means, for purposes of calculating the Interest Coverage Ratio with respect to any Transaction Date,
the then most recently completed four fiscal quarters prior to such Transaction Date for which reports have been filed with the SEC or provided to the Trustee pursuant to Section 10.15 or for which internal financial statements are available.

 “Funds From Operations” for any period means the Adjusted Consolidated Net Income of Parent and its Restricted
Subsidiaries for such period determined in conformity with GAAP after adjustments for unconsolidated partnerships and joint ventures, plus depreciation and amortization of real property (including furniture and equipment), including below
market lease amortization net of above market lease amortization, and other real estate assets and excluding (to the extent such amount was deducted and not added back in calculating such Adjusted Consolidated Net Income (without duplication)): 

(1) gains or losses from (a) the restructuring or refinancing of Indebtedness or (b) sales of properties; 

(2) non-cash asset impairment charges; 

(3) non-cash charges related to redemptions or repurchases of Preferred Stock of Parent; 

(4) one-time direct transaction or restructuring costs incurred in connection with acquisitions or dispositions; 

  
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 (5) deferred rental income (loss); 

(6) amortization or write-offs of debt issuance and deferred financing costs; and 

(7) all other non-cash charges, expenses, gains or losses. 

“GAAP” means generally accepted accounting principles in the United States of America as in effect as of the date of
determination, including those set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or
in such other statements by such other entity as approved by a significant segment of the accounting profession. Except as otherwise specifically provided in this Indenture, all ratios and computations contained or referred to in this Indenture
shall be computed in conformity with GAAP. For clarity purposes, any change in GAAP requiring leases that were previously classified as operating leases (or which, had they been entered into prior to the Closing Date, would have been treated as an
operating lease on the Closing Date) to be treated as Capitalized Leases shall be disregarded and such leases shall continue to be, or shall be, treated as operating leases consistent with GAAP as in effect immediately before such change in GAAP
became effective. 
 “General Partner” has the meaning set forth in the Preamble of the First Supplemental Indenture, and
includes any and all successors thereto. 
 “guarantee” means a guarantee other than by endorsement of negotiable
instruments for collection in the ordinary course of business, director or indirect, in any manner, including by way of a pledge of assets, of all or any part of any Indebtedness. The term “guarantee” used as a verb has a corresponding
meaning 
 “Hedging Obligations” means obligations, whether absolute or contingent and howsoever and whensoever created,
arising, evidenced or acquired under (i) Currency Agreements and Interest Rate Agreements, commodity swap agreements, commodity cap agreements, commodity collar agreements or foreign exchange contracts and any other agreements or arrangements
designed to hedge or protect such Person against, or transfer or mitigate, fluctuations in interest rates or currency exchange rates and (ii) other hedge or swap or option or put/call agreements entered into as part of or in connection with an
issuance of convertible Indebtedness (including, for the avoidance of doubt, Permitted Bond Hedge Transactions and Permitted Warrant Transactions), and, in the case of clause (i), not for speculative purposes. 

“Incur” means, with respect to any Indebtedness, to incur, create, issue, assume, guarantee or otherwise become liable for or
with respect to, or become responsible for, the payment of, contingently or otherwise, such Indebtedness, including an “Incurrence” of Acquired Indebtedness; provided, however, that neither the accrual of interest, the payment of
interest on any Indebtedness in the form of additional Indebtedness with the same terms, nor the accretion of original issue discount shall be considered an Incurrence of Indebtedness. 

“Indebtedness” means, with respect to any Person at any date of determination (without duplication): 

(1) all indebtedness of such Person for borrowed money; 

(2) all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments; 

(3) the face amount of letters of credit or other similar instruments (excluding obligations with respect to letters of credit
(including trade letters of credit) securing obligations (other than obligations described in (1) or (2) above or (5), (6) or (7) below) entered into in the ordinary course of business of such Person to the extent such letters of
credit are not drawn upon or, if drawn upon, to the extent such drawing is reimbursed no later than the tenth Business Day following receipt by such Person of a demand for reimbursement); 

(4) all unconditional obligations of such Person to pay the deferred and unpaid purchase price of property or services, which
purchase price is due more than six months after the date of placing 

  
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such property in service or taking delivery and title thereto or the completion of such services, except Trade Payables and obligations to the extent payable through the issuance of Capital
Stock; 
 (5) all Capitalized Lease Obligations and Attributable Debt; 

(6) all Indebtedness of other Persons secured by a Lien on any asset of such Person, whether or not such Indebtedness is
assumed by such Person; provided, however, that the amount of such Indebtedness shall be the lesser of (A) the fair market value of such asset at that date of determination and (B) the amount of such Indebtedness; 

(7) all Indebtedness of other Persons guaranteed by such Person to the extent such Indebtedness is guaranteed by such Person
(excluding Permitted Non-Recourse Guarantees until such time as they become primary obligations of, and payments are due and required to be made thereunder by, such Person or any of its Restricted Subsidiaries); and 

(8) to the extent not otherwise included in this definition or the definition of Consolidated Interest Expense, obligations
under Hedging Obligations; provided, however, that in no event will any Permitted Warrant Transaction constitute Indebtedness. 

The amount of Indebtedness of any Person at any date, unless otherwise specified above or below, shall be the outstanding balance at such date
of all unconditional obligations of the type described above appearing (other than letters of credit and Hedging Obligations) as a liability on a balance sheet of the specified Person prepared in accordance with GAAP and, with respect to obligations
under any guarantee, the maximum liability upon the occurrence of the contingency giving rise to the obligation; provided, however, that: 

(A) the amount outstanding at any time of any Indebtedness issued with original issue discount shall be deemed to be the face
amount with respect to such Indebtedness less the remaining unamortized portion of the original issue discount of such Indebtedness at the date of determination in conformity with GAAP; 

(B) Indebtedness shall not include any liability for foreign, federal, state, local or other taxes; 

(C) Indebtedness shall not include any liability required to be recognized as a result of variable interest accounting unless
such Person is otherwise legally liable for such liability; 
 (D) Indebtedness shall not include any indemnification,
earnouts, adjustment or holdback of purchase price or similar obligations, in each case, Incurred or assumed in connection with the acquisition or disposition of any business, assets or a Subsidiary, other than guarantees of Indebtedness Incurred by
any Person acquiring all or any portion of such business, assets or Subsidiary for the purpose of financing such acquisition; 

(E) Indebtedness shall not include contingent obligations under performance bonds, performance guarantees, surety bonds, appeal
bonds or similar obligations Incurred in the ordinary course of business; 
 (F) In the case of clause (4) above, the
amount of such Indebtedness shall be the net present value thereof determined in accordance with GAAP; and 
 (G) In the case
of clause (8) above, the amount of such Indebtedness shall be zero unless and until such Indebtedness shall be terminated, modified or replaced in part, in which case the amount of such Indebtedness shall be the termination, modification or
replacement payment then due thereunder by such Person. 
 (H) For the avoidance of doubt, it is understood and agreed that
(i) any obligations of such Person in respect of cash management or similar agreements and (ii) any obligations of such Person in respect of employee deferred compensation and benefit plans or similar arrangements shall not constitute
Indebtedness. For the avoidance of doubt, for purposes of calculating the total amount of Indebtedness or Secured Indebtedness, there shall be excluded any Indebtedness or portion thereof which has been

  
 13 

 
defeased, discharged, repurchased, retired, redeemed, otherwise acquired or repaid (or for which an irrevocable deposit is made in an amount sufficient to effect the foregoing). 

“interest” means, unless the context otherwise requires, with respect to the Notes, interest on the Notes. 

“Interest Coverage Ratio” means, on any Transaction Date, the ratio of: 

(x) the aggregate amount of Consolidated EBITDA for the then applicable Four Quarter Period to 

(y) the aggregate Consolidated Interest Expense during such Four Quarter Period. 

In making the foregoing calculation, 

(1) pro forma effect (including to the application of proceeds thereof) shall be given to any Indebtedness Incurred,
assumed, guaranteed, defeased, discharged, repurchased, retired, redeemed, otherwise acquired or repaid (or for which an irrevocable deposit is made in an amount sufficient to effect the foregoing) during the period (“Reference
Period”) commencing on the first day of the Four Quarter Period and ending on the Transaction Date (other than Indebtedness Incurred or repaid under a revolving credit or similar arrangement), in each case as if such Indebtedness had been
Incurred, assumed, guaranteed, defeased, discharged, repurchased, retired, redeemed, otherwise acquired or repaid (or such an irrevocable deposit made) on the first day of such Reference Period; 

(2) Consolidated Interest Expense attributable to interest on any Indebtedness (whether existing or being Incurred) computed on
a pro forma basis and bearing a floating interest rate shall be computed as if the rate in effect on the Transaction Date (taking into account any Interest Rate Agreement applicable to such Indebtedness if such Interest Rate Agreement has a
remaining term in excess of 12 months or, if shorter, at least equal to the remaining term of such Indebtedness) had been the applicable rate for the entire period; 

(3) pro forma effect shall be given to Asset Dispositions, Asset Acquisitions and Permitted Mortgage Investments
(including giving pro forma effect to the application of proceeds of any Asset Disposition and any Indebtedness Incurred, assumed, guaranteed, defeased, discharged, repurchased, retired, redeemed, otherwise acquired or repaid (or for which an
irrevocable deposit is made in an amount sufficient to effect the foregoing) in connection with any such Asset Acquisitions, Asset Dispositions or Permitted Mortgage Investments, as described in clause (1) above) that occur during such
Reference Period as if they had occurred and such proceeds had been applied (and such Indebtedness had been Incurred, assumed, guaranteed, defeased, discharged, repurchased, retired, redeemed, otherwise acquired or repaid (or such an irrevocable
deposit made)) on the first day of such Reference Period and after giving effect to expense and cost reductions calculated on a basis (except as described in the next paragraph, including with respect to Pro Forma Cost Savings) consistent with
Regulation S-X under the Exchange Act and Pro Forma Cost Savings; 
 (4) pro forma effect shall be given to asset
dispositions and asset acquisitions (including giving pro forma effect to (i) the application of proceeds of any asset disposition and any Indebtedness Incurred, assumed, guaranteed, defeased, discharged, repurchased, retired, redeemed,
otherwise acquired or repaid (or for which an irrevocable deposit is made in an amount sufficient to effect the foregoing) in connection with any such asset acquisitions or asset dispositions, as described in clause (1) above, (ii) expense
and cost reductions and other pro forma adjustments calculated on a basis consistent with Regulation S-X under the Exchange Act and (iii) Pro Forma Cost Savings) that have been made by any Person that has become (including by
redesignation) a Restricted Subsidiary of Parent or has been merged with or into Parent or any of its Restricted Subsidiaries during such Reference Period but subsequent to the end of the related Four Quarter Period and that would have constituted
Asset Dispositions or Asset Acquisitions during such Reference Period but subsequent to the end of the related Four Quarter Period had such transactions occurred when such Person was a Restricted Subsidiary of Parent as if such asset

  
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dispositions or asset acquisitions were Asset Dispositions or Asset Acquisitions and had occurred on the first day of such Reference Period; 

(5) any Person that is a Restricted Subsidiary of Parent on the Transaction Date will be deemed to have been a Restricted
Subsidiary of Parent at all times during the applicable Reference Period, and any Person that is not a Restricted Subsidiary of Parent on the Transaction Date will be deemed to not have been a Restricted Subsidiary of Parent at any time during the
applicable Reference Period; 
 (6) the Consolidated Interest Expense attributable to discontinued operations, as determined
in accordance with GAAP, shall be excluded, but only to the extent that the obligations giving rise to such Consolidated Interest Expense will not be obligations of the specified Person or any of its Restricted Subsidiaries following the Transaction
Date; 
 (7) Consolidated Interest Expense attributable to interest on Indebtedness that may optionally be determined at an
interest rate based on a factor of a prime or similar rate, a Eurocurrency interbank offered rate, or other rate, shall be deemed to have been based upon the rate actually chosen, or, if not, then based upon such operational rate chosen as Parent
may designate; 
 (8) Consolidated Interest Expense attributable to interest on any Indebtedness under a revolving credit
facility computed on a pro forma basis shall be computed based on the average daily balance of such Indebtedness during the applicable period except as set forth in clause (1) of this definition; and 

(9) Consolidated Interest Expense attributable to interest on a Capitalized Lease Obligation shall be deemed to accrue at an
interest rate reasonably determined by a financial or accounting officer of Parent to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP; 

provided, however, that to the extent that clause (3) or clause (4) above requires that pro forma effect be given to an Asset
Acquisition, Asset Disposition, Permitted Mortgage Investment, asset acquisition or asset disposition, as the case may be, such pro forma calculation shall be based upon the four full fiscal quarters immediately preceding the Transaction Date
of the Person, or division, operations or line of business, or one or more properties or assets, or attributable to such investment, that is acquired or disposed of to the extent that such financial information is available or otherwise a reasonable
estimate thereof is available. 
 “Interest Rate Agreement” means any interest rate protection agreement, interest rate
future agreement, interest rate option agreement, interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedge agreement, option or future contract or other similar agreement or arrangement with
respect to interest rates. 
 “Investment” in any Person means any direct or indirect advance, loan or other extension of
credit (including by way of guarantee or similar arrangement but excluding (i) advances to customers, distributors, operators and trade credit in the ordinary course of business that are, in conformity with GAAP, recorded as accounts or rents
receivable on the consolidated balance sheet of Parent and its Restricted Subsidiaries and endorsements for collection or deposits arising in the ordinary course of business, and (ii) commission, travel and similar advances to employees,
directors, officers, managers and consultants in each case made in the ordinary course of business) or capital contribution to (by means of any transfer of cash or other property (tangible or intangible) to others or any payment for property or
services solely for the account or use of others, or otherwise), or any purchase or acquisition of Capital Stock, bonds, notes, debentures or other similar instruments issued by, such Person and shall include: 

(1) the designation of a Restricted Subsidiary as an Unrestricted Subsidiary; and 

(2) the fair market value of the Capital Stock (or any other Investment), held by Parent or any of its Restricted Subsidiaries
of (or in) any Person that has ceased to be a Restricted Subsidiary of Parent; 

  
 15 

 provided, however, that the fair market value of the Investment remaining in any Person that has
ceased to be a Restricted Subsidiary of Parent shall be deemed not to exceed the aggregate amount of Investments previously made in such Person valued at the time such Investments were made, less the net reduction of such Investments. For purposes
of the definition of “Unrestricted Subsidiary” and Section 10.9: 
 (i) “Investment” shall include
the fair market value of the assets (net of liabilities (other than liabilities to Parent or any of its Restricted Subsidiaries)) of any Restricted Subsidiary of Parent at the time such Restricted Subsidiary is designated an Unrestricted Subsidiary;

 (ii) the fair market value of the assets (net of liabilities (other than liabilities to Parent or any of its Restricted
Subsidiaries)) of any Unrestricted Subsidiary at the time that such Unrestricted Subsidiary is designated as (or is merged or consolidated or liquidated into or otherwise becomes (including by redesignation)) a Restricted Subsidiary of Parent shall
be considered a reduction in outstanding Investments; and 
 (iii) any property transferred to or from an Unrestricted
Subsidiary shall be valued at its fair market value at the time of such transfer; 
 provided further, that the amount of any
Investment shall be reduced by the amounts received by Parent and its Restricted Subsidiaries with respect to such Investment, including sale or liquidation proceeds from dispositions of any portion of such Investment (including from sales of
Capital Stock, bonds, notes, debentures or other similar instruments) and principal, interest, dividends, distributions, other payments, repayments of loans or advances, other transfers of assets, the satisfaction, release, expiration, discharge,
defeasance, repurchase, redemption cancellation or reduction (other than by means of payments by Parent or any of its Restricted Subsidiaries) of Indebtedness or other obligations payable to (or guaranteed by) Parent or any Restricted Subsidiary of
Parent. 
 “Investment Grade Status” means, with respect to the Notes, when the Notes have both (1) a rating of
“Baa3” or higher from Moody’s and (2) a rating of “BBB-” or higher from S&P (or, if either such agency ceases to rate the Notes for reasons outside the control of Parent, the equivalent investment grade credit
rating from any other “nationally recognized statistical rating organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act (or any successor provision) selected by Parent as a replacement agency), in each case
published by the applicable agency. 
 “last completed fiscal quarter” means the last completed fiscal quarter preceding
the applicable date of determination for which reports have been filed with the SEC or provided to the Trustee pursuant to Section 10.15 or for which internal financial statements are available. 

“Lien” means any mortgage, pledge, security interest, encumbrance or lien of any kind (including any conditional sale or
other title retention agreement or lease in the nature thereof or any agreement to give any security interest) that has not been terminated or released. 

“Master Leases” means those certain Master Leases, entered into in connection with the Spin-Off, between the Partnership
(and/or any Subsidiaries of the Partnership), acting as landlord or co-landlord, and Subsidiaries of Ensign, as tenants, as they may be amended, restated, replaced or otherwise modified from time to time. 

“Moody’s” means Moody’s Investors Service, Inc. and its successors. 

“Net Cash Proceeds” means: 

(1) with respect to any Asset Sale, the proceeds of such Asset Sale in the form of cash or Temporary Cash Investments,
including payments in respect of deferred payment obligations (to the extent corresponding to the principal, but not interest, component thereof) when received in the form of cash or Temporary Cash Investments (except to the extent such obligations
are financed or sold with recourse to Parent or any of its Restricted Subsidiaries) and proceeds from the conversion or sale of other property received when converted to or sold for cash or cash equivalents, net of: 

  
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 (i) brokerage commissions, sales commissions and other fees and expenses
(including fees and expenses of counsel, accountants and investment bankers) related to such Asset Sale; 
 (ii) provisions
for all taxes actually paid or payable as a result of such Asset Sale by Parent and its Restricted Subsidiaries, taken as a whole, after taking into account any available tax credits or deductions and any tax sharing arrangements; 

(iii) payments made to repay Indebtedness or any other obligation outstanding at the time of such Asset Sale that either
(A) is secured by a Lien on the property or assets sold or (B) is required to be paid as a result of such sale; 

(iv) so long as after giving pro forma effect to any such distribution no Default or Event of Default shall have
occurred and be continuing, the amount required to be distributed to the holders of Parent’s Capital Stock as a result of such Asset Sale in order to (x) maintain Parent’s status as a real estate investment trust under the Code or
(y) avoid any excise tax or any income tax imposed on Parent, including, but not limited to, pro rata dividends or other distributions by the Partnership to minority unitholders as a result of a distribution from the Partnership to Parent for
the purpose of funding any such dividend, distribution or other action; and 
 (v) amounts reserved by Parent and its
Restricted Subsidiaries against any liabilities associated with such Asset Sale, including pension and other post-employment benefit liabilities, liabilities related to environmental matters and liabilities under any indemnification obligations
associated with such Asset Sale, all as determined on a consolidated basis in conformity with GAAP; and 
 (2) with respect
to any issuance or sale of Capital Stock, the proceeds of such issuance or sale in the form of cash or Temporary Cash Investments, including payments in respect of deferred payment obligations (to the extent corresponding to the principal, but not
interest, component thereof) when received in the form of cash or Temporary Cash Investments (except to the extent such obligations are financed or sold with recourse to Parent or any of its Restricted Subsidiaries) and proceeds from the conversion
of other property received when converted to cash or Temporary Cash Investments, net of attorney’s fees, accountants’ fees, underwriters’ or placement agents’ fees, discounts or commissions and brokerage, consultant and other
fees and expenses actually Incurred in connection with such issuance or sale and net of taxes actually paid or payable as a result thereof after taking into account any available tax credits or deductions and any tax sharing arrangements. 

“Notes” means, collectively, the Issuers’ 5.25% Senior Notes due 2025 issued in accordance with Section 3.3
(whether issued on the Closing Date, issued as Additional Notes or otherwise issued after the Closing Date) treated as a single class of securities under this Indenture. 

“Note Guarantee” means a guarantee by each Guarantor of the Issuers’ obligations under the Notes by such Guarantor. 

“Offer to Purchase” means an offer to purchase Notes by the Issuers from the Holders commenced by sending a notice to the
Trustee and each Holder electronically or by first class mail at its registered address or otherwise in accordance with the procedures of the Depository stating: 

(1) the covenant pursuant to which the offer is being made and that, subject to the satisfaction or waiver of any conditions to
such offer, all Notes validly tendered and not withdrawn will be accepted for payment on a pro rata basis or otherwise as provided in the applicable covenant; 

(2) the purchase price and the date of purchase (which shall be a Business Day no earlier than 30 days nor later than 60 days
from the date such notice is mailed or given) (the “Payment Date”); 
 (3) that any Note not tendered will
continue to accrue interest pursuant to its terms; 
 (4) that, unless the Issuers default in the payment of the purchase
price, any Note accepted for payment pursuant to the Offer to Purchase shall cease to accrue interest on and after the Payment Date; 

  
 17 

 (5) that Holders electing to have a Note purchased pursuant to the Offer to
Purchase will be required to surrender the Note, together with the form entitled “Option of the Holder to Elect Purchase” on the reverse side of the Note completed, to the Paying Agent at the address specified in the notice or otherwise in
accordance with the Depository’s applicable procedures prior to the close of business on the Business Day immediately preceding the Payment Date; 

(6) subject to the terms of such offer, that Holders will be entitled to withdraw their election by using the ATOP system in
accordance with the Depository’s applicable procedures or if the Paying Agent receives, not later than the expiration date of the offer, facsimile transmission or letter or instruction to the Depository, as applicable, setting forth the name of
such Holder, the principal amount of Notes delivered for purchase and, if applicable, a statement that such Holder is withdrawing its election to have such Notes purchased; 

(7) that Holders whose Notes are being purchased only in part will be issued new Notes equal in principal amount to the
unpurchased portion of the Notes surrendered; provided, however, that each Note purchased and each new Note issued shall be in a principal amount of $2,000 or integral multiples of $1,000 in excess thereof; and 

(8) if applicable and to the extent not prohibited by this Indenture, that such offer may be subject to satisfaction of one or
more conditions precedent; provided that in such case, the offer shall describe each such condition or conditions, and if applicable, shall state that, in the Issuers’ discretion, the Payment Date may be delayed until such time as any or
all such conditions shall be satisfied (or waived by the Issuers in the Issuers’ sole discretion), or such purchase may not occur and such notice may be rescinded in the event that any or all such conditions shall not have been satisfied (or
waived by the Issuers in the Issuers’ sole discretion) by the stated expiration date, or by the expiration date as so delayed. 

On the Payment Date, subject to the terms and conditions of the offer, the Issuers shall: 

(i) accept for payment on a pro rata basis (or otherwise as provided in the applicable covenant) Notes or portions
thereof validly tendered and not withdrawn pursuant to an Offer to Purchase; 
 (ii) no later than 11:00 a.m. New York City
time, deposit with the Paying Agent money sufficient to pay the purchase price of all Notes or portions thereof so accepted; and 

(iii) promptly thereafter deliver, or cause to be delivered, to the Trustee all Notes or portions thereof so accepted together
with an Officer’s Certificate specifying the Notes or portions thereof accepted for payment by the Issuers. 
 The Paying Agent shall promptly wire to
the Holders so accepted (or otherwise in accordance with the Depository’s procedures) payment in an amount equal to the purchase price, and the Trustee shall promptly authenticate and give to such Holders a new Note equal in principal amount to
any unpurchased portion of any Note surrendered (except that in the case of Notes held in book entry form, the Trustee shall hold such global notes as custodian for the Depository); provided, however, that each Note purchased and each
new Note issued shall be in a principal amount of $2,000 or integral multiples of $1,000 in excess thereof. The Issuers will comply with Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent such
laws and regulations are applicable, in the event that the Issuers are required to repurchase Notes pursuant to an Offer to Purchase. 

“Parent” has the meaning set forth in the Preamble, and includes any and all successors thereto. 

“Pari Passu Indebtedness” means any Indebtedness of the Issuers or any Guarantor that ranks pari passu in right of
payment with the Notes or the Note Guarantee thereof by such Guarantor, as applicable. For purposes of determining whether Indebtedness ranks pari passu in right of payment with other Indebtedness, there shall not be taken into account
collateral securing any such Indebtedness, structural subordination, lien subordination or provisions that apply proceeds or amounts received by the borrower, obligor or issuer following a default or exercise of remedies in a certain order of
priority. 

  
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 “Partnership” means CTR Partnership, L.P., a Delaware limited partnership, and
any and all successors thereto. 
 “Partnership Agreement” means the Amended and Restated Agreement of Limited Partnership
of the Partnership, as in effect as of the Closing Date, as such agreement may be amended, restated, replaced or otherwise modified from time to time. 

“Permitted Bond Hedge Transaction” means any call or capped call option (or substantively equivalent derivative transaction)
on Common Stock of Parent or the Partnership purchased by Parent or the Partnership in connection with the issuance of any Convertible Indebtedness; provided that the purchase price for such Permitted Bond Hedge Transaction, less the proceeds
received by Parent or the Partnership from the sale of any related Permitted Warrant Transaction, does not exceed the net proceeds received by Parent or the Partnership from the sale of such Convertible Indebtedness issued in connection with the
Permitted Bond Hedge Transaction. 
 “Permitted Business” means any business activity (including Permitted Mortgage
Investments) in which Parent and its Restricted Subsidiaries are engaged or propose to be engaged in (as described in the Prospectus Supplement via incorporation by reference or otherwise) upon or following the Closing Date, any business activity
related to properties customarily constituting assets of a REIT engaged in the healthcare or senior housing industry, including through the ownership, operation, development, acquisition, financing and leasing of healthcare facilities, including
skilled nursing home centers, hospitals, assisted living facilities, independent living facilities, medical office buildings, life sciences, long-term acute care, senior living or rehabilitation facilities, or any business or assets reasonably
related, ancillary, incidental or complementary thereto, or reasonable expansions or extensions thereof. 
 “Permitted
Investment” means: 
 (1) an Investment in (a) Parent or any of its Restricted Subsidiaries or (b) a
Person that will, upon the making of such Investment, become (including by redesignation) a Restricted Subsidiary of Parent or be merged or consolidated with or into, or liquidated or wound-up into or transfer or convey all or substantially all its
assets to, Parent or any of its Restricted Subsidiaries and, in each case, any Investment held by such Person, provided that such Investment held by such Person was not acquired by such Person in contemplation of such Person so becoming a
Restricted Subsidiary of Parent; 
 (2) Investments in cash and Temporary Cash Investments; 

(3) Investments made by Parent or its Restricted Subsidiaries as a result of consideration received in connection with an Asset
Sale made in compliance with Section 10.11 or from any other disposition or transfer of assets not constituting an Asset Sale; 

(4) Investments represented by guarantees that are otherwise permitted under this Indenture; 

(5) payroll, travel, moving, relocation and similar advances to cover matters that are expected at the time of such advances
ultimately to be treated as expenses in accordance with GAAP; 
 (6) Investments received in satisfaction of judgments or in
settlements of debt or compromises of obligations incurred in the ordinary course of business, and receivables created or acquired in the ordinary course of business; 

(7) any Investment acquired solely in exchange for Capital Stock (other than Disqualified Stock) of Parent or the Partnership,
which Parent or the Partnership did not receive in exchange for a cash payment, Indebtedness or Disqualified Stock, but excluding any new cash Investments made thereafter; 

(8) any Investment existing on the Closing Date, or any Investment made pursuant to the Spin-Off Agreements or otherwise made
in connection with the consummation of the Spin-Off or the Transactions, and, in each case, any extension, modification or renewal of any such Investments, but only to the extent not involving additional advances, contributions or other Investments
of cash or other assets or other increases thereof (other than as otherwise permitted by this Indenture, or as a result of the accrual or 

  
 19 

 
accretion of interest or original issue discount or the issuance of pay-in-kind securities), in each case, pursuant to the terms of such Investment, or commitment, as in effect on the Closing
Date; 
 (9) Investments in Unrestricted Subsidiaries and joint ventures in an aggregate amount, taken together with all
other Investments made in reliance on this clause and all Indebtedness then outstanding pursuant to Section 10.8(d)(15), not to exceed the greater of $60.0 million and 5.0% of Parent’s Adjusted Total Assets (net of, with respect to the
Investment in any particular Person, the cash return thereon received after the Closing Date, including as a result of any sale for cash, repayment, redemption, liquidating distribution or other cash realization (not included in Adjusted
Consolidated Net Income), and as otherwise calculated in the definition of “Investment”; not to exceed the amount of Investments in such Person made after the Closing Date in reliance on this clause); 

(10) obligations under Hedging Obligations otherwise permitted under this Indenture; 

(11) Permitted Mortgage Investments; 

(12) any transaction which constitutes an Investment to the extent permitted and made in accordance with Section 10.12(b)
(except transactions pursuant to Sections 10.12(b)(1), (5), (9) and (10)); 
 (13) any Investment consisting of prepaid
expenses, negotiable instruments held for collection and lease, endorsements for deposit or collection in the ordinary course of business, utility or workers’ compensation, performance and similar deposits entered into as a result of the
operations of the business in the ordinary course of business; 
 (14) pledges or deposits by a Person under workers’
compensation laws, unemployment insurance laws or similar legislation, or deposits in connection with bids, tenders, contracts (other than for the payment of Indebtedness) or leases to which such Person is a party, or deposits as security for
contested taxes or import duties or for the payment of rent, in each case incurred in the ordinary course of business; 

(15) any Investment acquired by Parent or any of its Restricted Subsidiaries (a) in exchange for any other Investment or
accounts or rents receivable held by Parent or any such Restricted Subsidiary in connection with or as a result of a bankruptcy, workout, reorganization or recapitalization of the issuer of such other Investment or accounts or rents receivable or
(b) as a result of a foreclosure by Parent or any of its Restricted Subsidiaries with respect to any secured Investment or other transfer of title with respect to any secured Investment in default; 

(16) any Investment consisting of a loan or advance to officers, directors or employees of Parent or any of its Restricted
Subsidiaries (a) in connection with the purchase by such Persons of Capital Stock of Parent or (b) made in the ordinary course of business not to exceed $3.5 million at any one time outstanding; 

(17) any Investment made in connection with the funding of contributions under any non-qualified employee retirement plan or
similar employee compensation plan in an amount not to exceed the amount of compensation expenses recognized by Parent and any of its Restricted Subsidiaries in connection with such plans; 

(18) entering into Permitted Non-Recourse Guarantees (it being understood that any payments or other transfers made pursuant to
such Permitted Non-Recourse Guarantees will not be permitted by this clause (18)); 
 (19) additional Investments not to
exceed the greater of (x) $40.0 million and (y) 3.0% of Parent’s Adjusted Total Assets at any time outstanding; 

(20) Investments in tenants and property managers (a) in an aggregate amount not to exceed the greater of (x) $40.0
million and (y) 3.0% of Parent’s Adjusted Total Assets at any time outstanding or (b) constituting advances to fund the alteration, improvement, exchange, replacement, modification or expansion of leased improvements or fixtures; and

  
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 (21) any purchase of Indebtedness under the Notes or the Credit Facilities, in
each case, including the guarantees related thereto. 
 “Permitted Mortgage Indebtedness” means Indebtedness secured by
real property owned or ground leased by a Restricted Subsidiary (and personal property or intangibles of such Restricted Subsidiary, as applicable) and the terms of such Indebtedness prohibit such Restricted Subsidiary from providing or remaining
obligated under a Note Guarantee. 
 “Permitted Mortgage Investment” means any Investment in secured notes, mortgage, deeds
of trust, collateralized mortgage obligations, commercial mortgage-backed securities, other secured debt securities, secured debt derivative or other secured debt instruments, so long as such investment relates directly or indirectly to real
property that constitutes or is used as a healthcare facility, including skilled nursing home center, hospital, assisted living facility, independent living facility, medical office building, life sciences, long-term acute care, senior living or
rehabilitation facility or other property customarily constituting an asset of a real estate investment trust specializing in healthcare or senior housing property. 

“Permitted Non-Recourse Guarantees” means customary indemnities or guarantees (including by means of separate indemnification
agreements or carve-out guarantees) provided in the ordinary course of business by the Issuers or any of their Restricted Subsidiaries in financing transactions that are directly or indirectly secured by real property or other real property-related
assets (including Capital Stock) of a joint venture, operator or Unrestricted Subsidiary and that may be full recourse or non-recourse to the joint venture, operator or Unrestricted Subsidiary that is the borrower in such financing, but is
non-recourse to the Issuers or any of their Restricted Subsidiaries; provided that Permitted Non-Recourse Guarantees shall not lose their character as such because there is recourse to the Issuers or any of their Restricted Subsidiaries for
or in respect of (a) indemnities and limited contingent guarantees as are consistent with customary industry practice (such as environmental indemnities and recourse triggers based on violation of transfer restrictions and indemnities for and
liabilities arising from fraud, misrepresentation, misapplication or non-payment of rents, profits, insurance and condemnation proceeds and other sums actually received by the obligor from secured assets to be paid to the lender, waste and
mechanics’ liens), (b) a voluntary bankruptcy filing (or similar filing or action) or involuntary bankruptcy filings by such borrower, and other events, actions and circumstances customarily excluded by institutional lenders from
exculpation provisions and/or included in separate indemnification agreements or guarantees in non-recourse financings of real estate or (c) performance and completion guarantees. 

“Permitted Refinancing Indebtedness” means any Indebtedness of Parent or any of its Restricted Subsidiaries issued in
exchange for, or the net proceeds of which are used to extend, refinance, renew, replace, defease, discharge or refund other Indebtedness of Parent or any of its Restricted Subsidiaries (other than intercompany Indebtedness); provided that:

 (1) the principal amount (or accreted value, if applicable) of such Permitted Refinancing Indebtedness does not exceed the
principal amount (or accreted value, if applicable) of the Indebtedness so refinanced, (plus all accrued interest thereon and any premiums owed, including the amount of any reasonably determined premium necessary to accomplish such
refinancing, and costs, fees and expenses incurred in connection therewith); 
 (2) such Permitted Refinancing Indebtedness
has: 
 (a) a final maturity date later than the final maturity date of the Indebtedness being refinanced or, if earlier, the
maturity date of the Notes, and 
 (b) an Average Life equal to or greater than the Average Life of the Indebtedness being
extended, refinanced, renewed, replaced, defeased or refunded or, if less, the Average Life of the Notes; 
 (3) if the
Indebtedness being refinanced is contractually subordinated in right of payment to the Notes or any Note Guarantee, such Permitted Refinancing Indebtedness is contractually subordinated in right of payment to the Notes or such Note Guarantee on
terms at least as favorable to the Holders as those contained in the documentation governing the Indebtedness being refinanced; 

  
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 (4) if the Indebtedness being refinanced is Pari Passu Indebtedness, such
Permitted Refinancing Indebtedness is pari passu in right of payment with, or subordinated in right of payment to, the Notes or such Note Guarantee; and 

(5) such Indebtedness is Incurred (a) by an Issuer or a Guarantor, (b) by the Restricted Subsidiary that is the
obligor on the Indebtedness being refinanced or (c) if the obligor on such Indebtedness is not a Subsidiary Guarantor, by another Restricted Subsidiary that is not a Subsidiary Guarantor. 

“Permitted Warrant Transaction” means any call option, warrant or right to purchase (or substantively equivalent derivative
transaction) on Common Stock of Parent sold by Parent or the Partnership substantially concurrently with any purchase by Parent of a related Permitted Bond Hedge Transaction. 

“Preferred Stock” means, with respect to any Person, any and all shares, interests, participations or other equivalents
(however designated, whether voting or non-voting) that have a preference on liquidation or with respect to distributions over any other class of Capital Stock, including preferred partnership interests, whether general or limited, or such
Person’s preferred or preference stock, whether outstanding on the Closing Date or issued thereafter, including all series and classes of such preferred or preference stock. 

“Pro Forma Cost Savings” means, with respect to any period, the reductions in costs (including such reductions resulting from
employee terminations, facilities consolidations and closings, standardization of employee benefits and compensation policies, consolidation of property, casualty and other insurance coverage and policies, standardization of sales and distribution
methods, reductions in taxes other than income taxes) that occurred or have been realized during such period or are reasonably anticipated to be realized in good faith within twelve (12) months of the date of the applicable event, as if all
such reductions in costs had been effected as of the beginning of such period, decreased by any incremental expenses incurred or to be incurred during such period in order to achieve such reduction in costs, all such costs to be determined in good
faith by the principal financial or accounting officer of Parent. 
 “Prospectus Supplement” means the Prospectus
Supplement, dated May 10, 2017, related to the issuance of the Initial Notes on the Closing Date. 
 “Purging
Distribution” means the declaration or payment of any dividend or making of any distribution after the Spin-Off Effective Date to distribute to the holders of Parent’s Common Stock any accumulated earnings and profits attributable to
Parent for any years Parent did not qualify as a REIT under the Code, including any earnings and profits allocated to Parent in connection with the Spin-Off. 

“Quotation Agent” means the Reference Treasury Dealer selected by the Issuers. 

“Ratings Agencies” means any of Moody’s or S&P; provided, that if Moody’s or S&P ceases to rate the Notes
for reasons outside the control of Parent, Parent may select a nationally recognized statistical rating agency to substitute for Moody’s or S&P, as the case may be. 

“Real Estate Assets” of a Person means, as of any date, the real estate assets of such Person and its Restricted Subsidiaries
on such date, on a consolidated basis determined in accordance with GAAP. 
 “Real Estate Revenues” means, with respect to
any Real Estate Asset of Parent and its Restricted Subsidiaries owned as of the Spin-Off Effective Date, the rental revenues generated by such Real Estate Assets during the most recently completed four fiscal quarters preceding the applicable
determination date. 
 “Record Date” means the applicable Record Date specified in the Notes. 

“Reference Treasury Dealer” means KeyBanc Capital Markets Inc. and its successors and assigns, BMO Capital Markets Corp. and
its successors and assigns and Barclays Capital Inc. and its successors and assigns. 
 “Reference Treasury Dealer
Quotations” means with respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the Issuers, 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 

  
 22 

 
such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day immediately preceding such Redemption Date. 

“refinance” means refinance, renew, replace, defease, discharge, extend or refund, and “refinancing” or
“refinanced” has a similar meaning. 
 “Replacement Assets” means (1) non-current assets that will be
used or useful in a Permitted Business, (2) substantially all the assets of a Permitted Business or (3) a majority of the Voting Stock of any Person or if such Person is a partnership, limited liability company, association, joint venture
or other entity, a majority of the equity interests in such Person, in each case, engaged in a Permitted Business that will become on the date of acquisition thereof a Restricted Subsidiary of such Person (including by merger, consolidation,
acquisition of assets or redesignation). 
 “Restricted Subsidiary” means, with respect to a Person, any Subsidiary of such
Person other than an Unrestricted Subsidiary. Unless the context otherwise requires or it is otherwise stated, any reference herein to a “Restricted Subsidiary” shall be to a Restricted Subsidiary of the Partnership. For the avoidance of
doubt, the Issuers are considered Restricted Subsidiaries of Parent for purposes of this Indenture; provided that references to Restricted Subsidiaries that are not Subsidiary Guarantors shall not include the Issuers. 

“S&P” means Standard & Poor’s Ratings Services and its successors. 

“Sale and Leaseback Transaction” means any direct or indirect arrangement with any Person or to which any such Person is a
party, providing for the leasing to Parent or any Restricted Subsidiary of Parent of any property, whether owned by Parent or any such Restricted Subsidiary at the Closing Date or later acquired, which has been or is to be sold or transferred by
Parent or any such Restricted Subsidiary to such Person or any other Person from whom funds have been or are to be advanced by such Person on the security of such property. 

“SEC” means the U.S. Securities and Exchange Commission. 

“Secured Indebtedness” means any Indebtedness, to the extent secured by a Lien upon the property of Parent or any of its
Restricted Subsidiaries. 
 “Securities Act” means the U.S. Securities Act of 1933, as amended, or any successor statute or
statutes thereto. 
 “Significant Subsidiary,” with respect to Parent, means any Restricted Subsidiary of Parent that
satisfies the criteria for a “significant subsidiary” set forth in Rule 1-02(w) of Regulation S-X under the Exchange Act. 

“Spin-Off” means the distribution by Ensign to the holders of Ensign’s Common Stock on a pro rata basis all of the
outstanding shares of Parent’s Common Stock, together with an additional cash distribution, as described in the Prospectus Supplement, via incorporation by reference or otherwise. 

“Spin-Off Agreements” means, collectively, the (1) Separation and Distribution Agreement, dated as of May 23, 2014,
by and between Ensign and Parent, setting forth the mechanics of the Spin-Off, certain organizational matters and other ongoing obligations of Ensign and Parent, (2) Master Leases, (3) Opportunities Agreement, dated as of May 30,
2014, by and between Ensign and Parent, pursuant to which Ensign and Parent agreed to make certain business opportunities available to each other during the one-year period following the Spin-Off, (4) Tax Matters Agreement, dated as of
May 30, 2014, by and between Ensign and Parent, (5) Transition Services Agreement, dated as of May 30, 2014, by and between Ensign and Parent, pursuant to which Ensign agreed to provide certain administrative and support services to
CareTrust on a transitional basis and (6) Employee Matters Agreement, dated as of May 30, 2014, by and between Ensign and Parent, in each case, as it may be amended, restated, replaced or otherwise modified from time to time in accordance
with, or as not prohibited by, this Indenture. 
 “Spin-Off Effective Date” means the effective date of the Spin-Off, which
for purposes hereof was June 1, 2014. 

  
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 “subordinated” and “subordinate” when used with respect to
Indebtedness relative to other Indebtedness means that such first Indebtedness is subordinate or junior in right of payment to such other Indebtedness. Indebtedness will not be considered subordinate or junior in right of payment to any other
Indebtedness solely by virtue of being unsecured or secured to a greater or lesser extent or with greater or lower priority or by virtue of structural subordination or with different collateral or as a result of provisions that apply proceeds or
amounts received by the borrower, obligor or issuer following a default or exercise of remedies in a certain order of priority. 

“Subsidiary Guarantee” means a Note Guarantee by a Subsidiary Guarantor. 

“Subsidiary Guarantors” means (i) each Restricted Subsidiary of the Issuers on the Closing Date that also guarantees
obligations under the Credit Agreement and (ii) each other Person that is required to become a Guarantor by the terms of this Indenture after the Closing Date, in each case, until such Person is released from its Subsidiary Guarantee. 

“Temporary Cash Investment” means any of the following: 

(1) United States dollars; 

(2) direct obligations of the United States of America or any agency, subdivision or instrumentality thereof or obligations
fully and unconditionally guaranteed or insured by the United States of America or any agency, subdivision or instrumentality thereof; 

(3) time deposit accounts, term deposit accounts, time deposits, bankers’ acceptances, certificates of deposit, Eurodollar
time deposits and money market deposits maturing within twelve months or less of the date of acquisition thereof issued by a bank or trust company which is organized under the laws of the United States of America or any state or jurisdiction
thereof, and which bank or trust company has capital, surplus and undivided profits aggregating in excess of $500.0 million and has outstanding debt which is rated “A” (or such similar equivalent rating) or higher by at least one
“nationally recognized statistical rating organization” (within the meaning of Rule 15c3-l(c)(2)(vi)(F) under the Exchange Act) or any money-market fund sponsored by a registered broker dealer or mutual fund distributor (in each case,
determined at the time of acquisition thereof); 
 (4) repurchase obligations with a term of not more than 30 days for
underlying securities of the types described in clauses (2) and (3) above entered into with a bank meeting the qualifications described in clause (3) above; 

(5) commercial paper, maturing not more than one year after the date of acquisition, issued by a Person (other than an
Affiliate of Parent) organized and in existence under the laws of the United States of America or any state or jurisdiction thereof with a rating at the time as of which any investment therein is made of “P-2” (or higher) according to
Moody’s or “A-2” (or higher) according to S&P (or if neither S&P nor Moody’s shall be rating such commercial paper, a similar equivalent rating or higher by another nationally recognized statistical rating organization
(within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act (or any successor provision))) (in each case, determined at the time of acquisition thereof); 

(6) securities with maturities of one year or less from the date of acquisition issued or fully and unconditionally guaranteed
by any state, commonwealth or territory of the United States of America, or by any political subdivision or taxing authority thereof, and rated with at least an investment grade rating by S&P or Moody’s (or if neither S&P nor
Moody’s shall be rating such commercial paper, a similar equivalent rating or higher by another nationally recognized statistical rating organization (within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act (or any successor
provision))) (in each case, determined at the time of acquisition thereof); 
 (7) commercial paper, maturing not more than
90 days after the date of acquisition, issued by any Person incorporated in the United States with a rating at the time as of which any investment therein is made of “A-2” (or higher) according to S&P or “P-2” (or higher)
according to Moody’s (or if neither S&P 

  
 24 

 
nor Moody’s shall be rating such commercial paper, a similar equivalent rating or higher by another nationally recognized statistical rating organization (within the meaning of Rule
15c3-1(c)(2)(vi)(F) under the Exchange Act (or any successor provision))); and 
 (8) mutual funds investing primarily in
investments that constitute Temporary Cash Investments of the kinds described in clauses (1) through (7) of this definition. 

“Total Assets” means, for any Person as of any date of determination, the sum of: (i) in the case of any Real Estate
Assets that were owned by such Person or any of its Restricted Subsidiaries as of the Spin-Off Effective Date, the Real Estate Revenues for such Real Estate Assets, divided by 0.0900, plus (ii) the cost (original cost plus capital
improvements before depreciation and amortization) of all Real Estate Assets acquired after the Spin-Off Effective Date that are then owned by such Person or any of its Restricted Subsidiaries, plus (iii) the book value of all assets
(excluding Real Estate Assets and intangibles) of such Person and its Restricted Subsidiaries on a consolidated basis determined in accordance with GAAP as of the end of the most recently completed fiscal quarter for which internal financial
statements are available. 
 “Total Unencumbered Assets” means, for any Person as of any date, the Total Assets of such
Person and its Restricted Subsidiaries as of such date, to the extent they do not secure any portion of Secured Indebtedness, on a consolidated basis determined in accordance with GAAP. 

“Trade Payables” means, with respect to any Person, any accounts payable or any other indebtedness or monetary obligation to
trade creditors created, assumed or guaranteed by such Person or any of its Subsidiaries arising in the ordinary course of business in connection with the acquisition of goods or services. 

“Transaction Date” means, with respect to the Incurrence of any Indebtedness by Parent or any of its Restricted Subsidiaries,
the date such Indebtedness is to be Incurred and, with respect to any Restricted Payment, the date such Restricted Payment is to be made. 

“Transactions” means, collectively, (a) the issuance of the Initial Notes and the use of proceeds therefrom as described
in the Prospectus Supplement, including the repurchase, redemption or other retirement of the 5.875% Senior Notes due 2021 issued by the Issuers, (b) any other transactions defined as “Transactions” in the Prospectus Supplement and
(c) the payment of fees and expenses in connection with the foregoing. 
 “Unrestricted Subsidiary” means 

(1) any Subsidiary of the Issuers that at the time of determination shall be designated an Unrestricted Subsidiary by the Board
of Directors of Parent in the manner provided below; and 
 (2) any Subsidiary of an Unrestricted Subsidiary. 

Except during a Suspension Period, the Board of Directors of Parent may designate any Subsidiary (including any newly acquired or newly formed
Subsidiary of the Issuers) to be an Unrestricted Subsidiary unless such Subsidiary owns any Capital Stock of, or owns or holds any Lien on any property of, Parent or any of its Restricted Subsidiaries; provided, however, that: 

(i) any guarantee by Parent or any of its Restricted Subsidiaries of any Indebtedness of the Subsidiary being so designated
shall be deemed an “Incurrence” of such Indebtedness and an “Investment” by Parent or such Restricted Subsidiary (or all, if applicable) at the time of such designation; 

(ii) either (i) the Subsidiary to be so designated has total assets of $1,000 or less or (ii) if such Subsidiary has
assets greater than $1,000, such designation would be permitted under Section 10.9; and 
 (iii) if applicable, the
Incurrence of Indebtedness and the Investment referred to in clause (i) of this proviso would be permitted under Section 10.8 and Section 10.9. 

The Board of Directors of Parent may designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided, however, that: 

  
 25 

 (x) no Default or Event of Default shall have occurred and be continuing at the
time of or after giving effect to such designation; and 
 (y) all Liens and Indebtedness of such Unrestricted Subsidiary
outstanding immediately after such designation would, if Incurred at such time, have been permitted to be Incurred (and shall be deemed to have been Incurred) for all purposes of this Indenture. 

Any such designation by the Board of Directors of Parent shall be evidenced to the Trustee by delivering to the Trustee an Officer’s
Certificate certifying that such designation complied with the foregoing provisions. 
 “Unsecured Indebtedness” means any
Indebtedness of Parent or any of its Restricted Subsidiaries that is not Secured Indebtedness. 
 “U.S. Legal Tender” means
such coin or currency of the United States of America that at the time of payment shall be legal tender for the payment of public and private debts. 

“Wholly Owned” means, with respect to any Subsidiary of any Person, the ownership of all of the outstanding Capital Stock of
such Subsidiary (other than any director’s qualifying shares or Investments by individuals mandated by applicable law) by such Person or one or more Wholly Owned Subsidiaries of such Person. 

(c) Section 1.1 of the Base Indenture shall be amended so that the following definitions in the Base Indenture shall be deleted in their
entirety and replaced with the following: 
 “Act” when used with respect to any Holders has the meaning specified in
Section 1.10. 
 “Affiliate” means, as applied to any Person, any other Person directly or indirectly controlling,
controlled by, or under direct or indirect common control with, such Person. For purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and
“under common control with”), as applied to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of
voting securities, by contract or otherwise. 
 “Business Day” means a day other than a Saturday, Sunday or any other day
on which banking institutions in New York City are authorized or required by law, regulation or executive order to close. 

“Covenant Defeasance” has the meaning specified in Section 13.1. 

“Guarantor” means Parent, General Partner and each Subsidiary Guarantor and any other Person that enters into a Note
Guarantee. 
 “Holder” means any registered holder on the books of the Security Registrar, from time to time, of the Notes.

 “Interest Payment Date” means the date or dates specified for the payment of interest of the Notes as specified in the
Note. 
 “Legal Defeasance” has the meaning specified in Section 13.1. 

“Officer” means, with respect to any Person, the Chairman of the Board, the Chief Executive Officer, the President, the Chief
Operating Officer, the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Chief Accounting Officer, the Controller, the Assistant Controller, the Secretary or any Vice-President of such Person. 

“Officer’s Certificate” means a certificate signed on behalf of the Issuers, by one Officer of Parent or the Issuers.

  
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 “Opinion of Counsel” means a written opinion from legal counsel who is
reasonably acceptable to the Trustee. The counsel may be an employee of, or counsel to, Parent, the Issuers, a Guarantor or the Trustee. 

“Outstanding” or “outstanding,” when used with respect to the Notes, shall be construed consistent with
Sections 3.12 and 3.13. 
 “Redemption Date,” when used with respect to any Note to be redeemed, means the date fixed for
such redemption pursuant to this Indenture and the Notes. 
 “Redemption Price,” when used with respect to any Note to be
redeemed, means the price fixed for such redemption pursuant to this Indenture and the Notes. 
 “Stated Maturity” means:

 (1) with respect to any debt security, the date specified in such debt security as the fixed date on which the final
installment of principal of such debt security is due and payable; and 
 (2) with respect to any scheduled installment of
principal of or interest on any debt security, the date specified in such debt security as the fixed date on which such installment is due and payable. 

provided, that Stated Maturity shall not include any contingent obligations to repay, redeem or repurchase any such interest or principal prior to the
date originally scheduled for the payment thereof. 
 “Subsidiary” means, with respect to any Person, (i) any
corporation, association or other business entity of which more than 50% of the voting power of the outstanding Voting Stock is owned, directly or indirectly, by such Person and one or more other Subsidiaries of such Person and (ii) any
partnership, limited liability company, association, joint venture or other entity in which such Person and/or one or more other Subsidiaries of such Person has more than a 50% equity interest at the time, and in each of clauses (i) and
(ii) which would be consolidated with those of such Person in its consolidated financial statements in accordance with GAAP, if such statements were prepared as of such date. 

“U.S. Government Obligations” means direct obligations of, obligations guaranteed by, or participations in pools consisting
solely of obligations of or obligations guaranteed by, the United States of America for the payment of which obligations or guarantee the full faith and credit of the United States of America is pledged and that are not callable or redeemable at the
option of the issuer thereof. 
 “U.S.A. Patriot Act” means the Uniting and Strengthening America by Providing Appropriate
Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. 107-56, as amended and signed into law October 26, 2001. 

SECTION 2.03. Changes to Article 1 of the Base Indenture 

Sections 1.2 through 1.18 enumerated in Article 1 of the Base Indenture shall be deleted and replaced in their entirety by the following: 

“Section 1.2. Other Definitions. 
  

					
	 Term
	 	  	  	 Defined in Section

	 “Accelerated Debt”
	 		  	5.1
	 “Additional Notes”
	 		  	3.3
	 “Authentication Order”
	 		  	3.3
	 “Base Indenture”
	 		  	Preamble of the First Supplemental Indenture
	 “Capital Transaction”
	 		  	1.1
	 “Event of Default”
	 		  	5.1
	 “Excess Proceeds”
	 		  	10.11(c)(7)
	 “Global Note”
	 		  	3.01 of the First Supplemental Indenture

  
 27 

					
	 “Guaranteed Indebtedness”
	 		  	10.14
	 “Guarantors”
	 		  	Preamble of the First Supplemental Indenture
	 “Indenture”
	 		  	Preamble of the First Supplemental Indenture
	 “Initial Notes”
	 		  	3.3
	 “Issuer” or “Issuers”
	 		  	Preamble of the First Supplemental Indenture
	 “Parent”
	 		  	Preamble of the First Supplemental Indenture
	 “Payment Default Debt”
	 		  	5.1
	 “Permitted Indebtedness”
	 		  	10.8(d)
	 “Physical Notes”
	 		  	3.01 of the First Supplemental Indenture
	 “Reference Period”
	 		  	1.1
	 “Refunding Capital Stock”
	 		  	10.9(c)(3)
	 “Restricted Payments”
	 		  	10.9(c)(4)
	 “Reversion Date”
	 		  	10.16
	 “Strategic Transaction”
	 		  	1.1
	 “Suspended Covenant”
	 		  	10.16
	 “Suspension Period”
	 		  	10.16

 Section 1.3. Incorporation by Reference of Trust Indenture Act. Whenever this Indenture refers to
a provision of the Trust Indenture Act, such provision is incorporated by reference in, and made a part of, this Indenture. The following Trust Indenture Act terms used in this Indenture have the following meanings: 

“indenture securities” means the Notes. 

“obligor” on the indenture securities means the Issuers, any Guarantor or any other obligor on the Notes. 

All other Trust Indenture Act terms used in this Indenture that are defined by the Trust Indenture Act, defined by Trust Indenture Act
reference to another statute or defined by SEC rule and not otherwise defined herein have the meanings assigned to them therein. 

Section 1.4. Rules of Construction. Unless the context otherwise requires: 

(1) a term has the meaning assigned to it; 

(2) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 

(3) “or” is not exclusive; 

(4) words in the singular include the plural, and words in the plural include the singular; 

(5) “herein,” “hereof” and other words of similar import refer to this Indenture as a whole and not to any
particular Article, Section or other subdivision; 
 (6) the words “including,” “includes” and similar
words shall be deemed to be followed by “without limitation”; 
 (7) unsecured Indebtedness shall not be deemed to
be subordinate or junior to secured Indebtedness merely by virtue of its nature as unsecured Indebtedness; 

  
 28 

 (8) secured Indebtedness shall not be deemed to be subordinate or junior to any
other secured Indebtedness merely because it has a junior priority with respect to the same collateral; 
 (9) the principal
amount of any noninterest bearing or other discount security at any date shall be the principal amount thereof that would be shown on a balance sheet of the issuer dated such date prepared in accordance with GAAP; 

(10) the amount of any Preferred Stock that does not have a fixed redemption, repayment or repurchase price shall be the
maximum liquidation value of such Preferred Stock; 
 (11) all references to the date the Notes were originally issued shall
refer to the Closing Date, except as otherwise specified; and 
 (12) references to the Issuers mean either the Issuers or
the applicable Issuer, as the context requires, and references to an Issuer mean either such Issuer or the Issuers, as the context requires. 

Section 1.5. Trust Indenture Act Controls. If any provision of this Indenture limits, qualifies, or conflicts with another
provision which is required or deemed to be included in this Indenture by the Trust Indenture Act, such required or deemed provision shall control. 

Section 1.6. Notices. Any notices or other communications required or permitted hereunder shall be in writing, and shall be
sufficiently given if made by hand delivery, by telex, by nationally recognized overnight courier service, by telecopier or registered or certified mail, postage prepaid, return receipt requested, addressed as follows: 

If to the Issuers, Parent or any Guarantor: 

CareTrust REIT, Inc. 

905 Calle Amanecer, Suite 300 

San Clemente, California 92673 

Attention: William Wagner 

Fax no.: (949) 540-3002 

(with such fax to be confirmed by telephone to (949) 542-3133) 

E-mail: wwagner@caretrustreit.com 

with a copy to: 

O’Melveny & Myers LLP 

610 Newport Center Drive, Suite 1700, 

Newport Beach, CA 92660, 

Attention: Shelly Heyduk and John Paul Motley 

Fax no.: (949) 823-6994 

(with such fax to be confirmed by telephone to (949) 823-7968) 

Email: sheyduk@omm.com and jpmotley@omm.com 

if to the Trustee, to the Corporate Trust Office:: 

Wells Fargo Bank, National Association 

333 S. Grand Avenue, Fifth Floor, Suite 5A 

Los Angeles, CA 90071 

Attention: Corporate Trust Services – Administrator for CareTrust Capital 

Corp., et al. 

Fax no: (213) 253-7598 

(with such fax to be confirmed by telephone to (213) 253-7508) 

E-mail: michael.q.tu@wellsfargo.com 

  
 29 

 Each of the Issuers, Parent, Guarantors and the Trustee by written notice to each other such
Person may designate additional or different addresses for notices to such Person. Any notice or communication to the Issuers, Parent, Guarantors and the Trustee, shall be deemed to have been given or made as of the date so delivered if personally
delivered; when replied to; when receipt is acknowledged, if telecopied; five (5) calendar days after mailing if sent by registered or certified mail, postage prepaid (except that a notice of change of address shall not be deemed to have been
given until actually received by the addressee); and next Business Day if by nationally recognized overnight courier service. 
 Any notice
or communication mailed to a Holder shall be mailed by first class mail, or in the case of Notes held in book entry form, by electronic transmission, or other equivalent means at such Holder’s address as it appears on the registration books of
the Security Registrar or otherwise in accordance with the procedures of the Depository and shall be sufficiently given if so mailed or given within the time prescribed. 

Failure to mail or give a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other
Holders. If a notice or communication is mailed or given in the manner provided above, it is duly given, whether or not the addressee receives it. 

Section 1.7. Communications by Holders with Other Holders. Holders may communicate pursuant to Trust Indenture Act § 312(b)
with other Holders with respect to their rights under this Indenture, the Notes or the Note Guarantees. The Issuers, the Trustee, the Security Registrar and any other Person shall have the protection of Trust Indenture Act § 312(c). 

Section 1.8. Certificate and Opinion as to Conditions Precedent. Upon any request or application by the Issuers to the Trustee to
take any action under this Indenture, the Issuers shall furnish to the Trustee: 
 (1) an Officer’s Certificate, in form
and substance satisfactory to the Trustee, stating that, in the opinion of the signers, all conditions precedent to be performed or effected by the Issuers, if any, provided for in this Indenture relating to the proposed action have been complied
with; and 
 (2) an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent have been
complied with. 
 Section 1.9. Statements Required in Certificate or Opinion. Each certificate or opinion with respect to
compliance with a condition or covenant provided for in this Indenture, other than the Officer’s Certificate required by Section 10.5, shall include: 

(1) a statement that the Person making such certificate or opinion has read such covenant or condition; 

(2) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions
contained in such certificate or opinion are based; 
 (3) a statement that, in the opinion of such Person, he has made such
examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with or satisfied; and 

(4) a statement as to whether or not, in the opinion of each such Person, such condition or covenant has been complied with;
provided, however, that with respect to matters of fact, an Opinion of Counsel may rely on an Officer’s Certificate or certificates of public officials. 

Section 1.10. Acts of Holders. 

(a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by
Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agent duly appointed in writing. Except as herein otherwise expressly provided, such action shall become
effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Issuers. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes
referred to as the “Act” of the Holders signing 

  
 30 

 
such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent, or of the holding by any Person of a Security, shall be sufficient for any
purpose of this Indenture and (subject to Section 6.1) conclusive in favor of the Trustee and the Issuers and any agent of the Trustee or the Issuers, if made in the manner provided in this Section. 

(b) The fact and date of the execution by any Person of any such instrument or writing may be proved in any reasonable manner that the Trustee
deems sufficient and in accordance with such reasonable rules as the Trustee may determine; and the Trustee may in any instance require further proof with respect to any of the matters referred to in this Section. 

(c) The ownership of Securities and the principal amount and serial numbers of Securities held by any Person, and the date of holding the same,
shall be proved by the Security Register. 
 (d) If the Issuers shall solicit from the Holders of any Securities any request, demand,
authorization, direction, notice, consent, waiver or other Act, the Issuers may, at their option, by Board Resolution, fix in advance a record date for the determination of Holders of Securities entitled to give such request, demand, authorization,
direction, notice, consent, waiver or other Act, but the Issuers shall have no obligation to do so. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given before or after
such record date, but only the Holders of Securities of record at the close of business on such record date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of Outstanding Securities have
authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose the Outstanding Securities shall be computed as of such record date; provided, that no such
authorization, agreement or consent by the Holders on such record date shall be deemed effective unless it shall become effective pursuant to the provisions of this Indenture not later than six months after the record date. 

(e) Any request, demand, authorization, direction, notice, consent, waiver or other action by the Holder of any Security shall bind every
future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done or suffered to be done by the Trustee, any Security
Registrar, any Paying Agent, the Issuers, the Guarantor in reliance thereon, whether or not notation of such action is made upon such Security. 

Section 1.11. Rules by Paying Agent or Security Registrar. The Paying Agent or Security Registrar may make reasonable rules and
set reasonable requirements for their functions. 
 Section 1.12. Legal Holidays. If an Interest Payment Date is not a Business
Day, payment shall be made on the next succeeding day that is a Business Day, and no interest shall accrue on the amount so payable for the period from and after such Interest Payment Date. 

Section 1.13. Governing Law; Waiver of Jury Trial. This Indenture, the Notes and the Note Guarantees will be governed by and
construed in accordance with the laws of the State of New York. Each of the Issuers, the Guarantors, the Holders and the Trustee hereby irrevocably waives, to the fullest extent permitted by applicable law, any and all right to trial by jury in any
legal proceeding arising out of or relating to this Indenture, the Notes, the Note Guarantees or the transaction contemplated hereby. Each of the Issuers and any Guarantors hereby irrevocably submits to the non-exclusive jurisdiction of any New York
state court sitting in the Borough of Manhattan in the city of New York or any federal court sitting in the borough of Manhattan in the city of New York in respect of any suit, action or proceeding arising out of or relating to this Indenture, the
Notes and the Note Guarantees, and irrevocably accepts for itself and in respect of its property, generally and unconditionally, non-exclusive jurisdiction of the aforesaid courts. 

Section 1.14. No Adverse Interpretation of Other Agreements. This Indenture may not be used to interpret another indenture, loan
or debt agreement of any of the Issuers or any of their Subsidiaries. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 

Section 1.15. No Recourse Against Others. No recourse for the payment of the principal of, premium, if any, or interest on any of
the Notes or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Parent, the Issuers or the Guarantors in this 

  
 31 

 
Indenture, or in any of the Notes or Note Guarantees or because of the creation of any Indebtedness represented hereby, shall be had against any incorporator, stockholder, officer, director,
employee or controlling person of the Parent, the Issuers or the Guarantors or of any successor Person thereof. Each Holder, by accepting the Notes, waives and releases all such liability. Such waiver and release are part of the consideration for
issuance of the Notes. 
 Section 1.16. Successors. All agreements of the Issuers and the Guarantors in this Indenture, the
Notes and the Note Guarantees shall bind their respective successors. All agreements of the Trustee in this Indenture shall bind its successor. 

Section 1.17. Effect of Headings and Table of Contents. The Article and Section headings herein, the Trust Indenture Act
reconciliation, and the Table of Contents are for convenience only and shall not affect the construction hereof. 
 Section 1.18.
Benefits of Indenture. Nothing in this Indenture or in the Notes or in any Note Guarantee, express or implied, shall give to any Person, other than the parties hereto, any Agent, any Security Registrar, any Paying Agent, any Authenticating
Agent and their successors hereunder and the Holders of Notes, any benefit or any legal or equitable right, remedy or claim under this Indenture. 

Section 1.19. Duplicate Originals. This instrument may be executed in any number of counterparts, each of which so executed shall
be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution
and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or .pdf attachment shall be deemed to be their original signatures
for all purposes. 
 Section 1.20. Severability. To the extent permitted by applicable law, in case any one or more of the
provisions in this Indenture, in the Notes or in the Note Guarantees shall be held invalid, illegal or unenforceable, in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the
remaining provisions shall not in any way be affected or impaired thereby, it being intended that all of the provisions hereof shall be enforceable to the full extent permitted by law. 

Section 1.21. U.S.A. Patriot Act. The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. Patriot
Act, the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a
relationship or opens an account with the Trustee. The parties to this Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee to satisfy the requirements of the U.S.A. Patriot Act,
including, but not limited to, each party’s name, physical address, tax identification number and other information reasonably requested by the Trustee that will help the Trustee identify and verify each party’s identity such as
organizational documents, certificate of good standing, license to do business, or other pertinent identifying information. 

Section 1.22. Force Majeure. In no event shall the Trustee be responsible or liable for any failure or delay in the performance of
its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural
catastrophes or acts of God, and interruptions, loss or malfunctions or utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent with accepted
practices in the banking industry to resume performance as soon as practicable under the circumstances. 
 Section 1.23. Tax
Withholding and Reporting. Notwithstanding any other provision of this Indenture, the Trustee shall be entitled to make a deduction or withholding from any payment which it makes under this Indenture for or on account of any present or future
taxes, duties or charges if and to the extent so required by any applicable law and any current or future regulations or agreements thereunder or official interpretations thereof or any law implementing an intergovernmental approach thereto or by
virtue of the relevant Holder failing to satisfy any certification or other requirements in respect of the Securities, in which event the Trustee shall make such payment after such withholding or deduction has been made and shall account to the
relevant authorities for the 

  
 32 

 
amount so withheld or deducted and shall have no obligation to gross up any payment hereunder or pay any additional amount as a result of such withholding tax. In connection with any proposed
exchange of a certificated Security for a Security in global form, the Issuers or the Depository shall use commercially reasonable efforts to provide or cause to be provided to the Trustee any information in the Issuer’s or DTC’s
possession in the ordinary course of business that is reasonably necessary to allow the Trustee to comply with any applicable tax reporting obligations, including without limitation any cost basis reporting obligations under Section 6045 of the
Internal Revenue Code. The Trustee may rely on information provided to it and shall have no responsibility to verify or ensure the accuracy of such information.” 

ARTICLE THREE 
 THE
NOTES 
 SECTION 3.01. Form. 

In accordance with Article 2 of the Base Indenture, the Initial Notes and any Additional Notes shall be issued initially in the form of one or
more global Notes in registered form, substantially in the form set forth in Exhibit A, deposited with the Trustee, as custodian for the Depository, duly executed by the Issuers and authenticated by the Trustee as hereinafter provided and
shall bear any legends required by applicable law (together with the Initial Notes in global form, the “Global Notes”) or as Physical Notes. The aggregate principal amount of the Global Notes may from time to time be increased or
decreased by adjustments made on the records of the Trustee, as custodian for the Depository, as hereinafter provided. Notes issued in exchange for interests in a Global Note may be issued in the form of permanent certificated Notes in registered
form in substantially the form set forth in Exhibit A and bearing the applicable legends, if any, (the “Physical Notes”). Additional Notes ranking pari passu with the Initial Notes (as defined in Section 3.3) may
be created and issued from time to time by the Issuers without notice to or consent of the Holders and shall be consolidated with and form a single class with the Initial Notes and shall have the same terms as to status, redemption or otherwise
(other than with respect to the purchase price thereof and the date from which the interest accrues) as the Initial Notes; provided that the Issuers’ ability to issue Additional Notes shall be subject to the Issuers’ compliance with
Section 10.8. Except as described under Article 9, the Initial Notes and any Additional Notes subsequently issued under this Indenture will be treated as a single class for all purposes under this Indenture, including waivers, amendments,
redemptions and offers to purchase, and shall vote together as one class on all matters with respect to the Notes; provided further that if the Additional Notes are not fungible with the Notes for U.S. federal income tax purposes the
Additional Notes will have a separate CUSIP number, if applicable. Unless the context requires otherwise, references to “Notes” for all purposes of this Indenture include any Additional Notes that are actually issued. 

SECTION 3.02. Title and Terms. 

The terms and provisions contained in the Notes and the Note Guarantees shall constitute, and are hereby expressly made, a part a part of this
First Supplemental Indenture and, to the extent applicable, the Issuers, the Guarantors and the Trustee, by their execution and delivery of this First Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby. 

SECTION 3.03. Changes to Article 3 of the Base Indenture. 

(a) Section 3.2 of the Base Indenture shall be deleted in its entirety and replaced with the following: 

“Section 3.2. Denominations. The Notes shall be issuable only in registered form without coupons in denominations
of $2,000 and integral multiples of $1,000 in excess thereof.” 
 (b) Section 3.3 of the Base Indenture shall be deleted in its
entirety and replaced with the following: 
 “Section 3.3. Execution and Authentication; Additional Notes. One
Officer of each of the Issuers (who shall have been duly authorized by all requisite corporate actions) shall sign the Notes for each Issuer by manual, facsimile, .pdf attachment or other electronically transmitted signature. One Officer of each

  
 33 

 
Guarantor (who shall have been duly authorized by all requisite corporate actions) shall sign the Note Guarantee for such Guarantor by manual, facsimile, .pdf attachment or other electronically
transmitted signature. 
 If an Officer whose signature is on a Note or Note Guarantee, as the case may be, was an Officer
at the time of such execution but no longer holds that office at the time the Trustee authenticates the Note, the Note shall nevertheless be valid. 

A Note (and the Note Guarantees in respect thereof) shall not be valid until an authorized signatory of the Trustee manually
signs the certificate of authentication on the Note. The signature shall be conclusive evidence that the Note has been authenticated under this Indenture. 

The Trustee shall authenticate (i) on the Closing Date, Notes for original issue in the aggregate principal amount not to
exceed $300,000,000 (the “Initial Notes”), and (ii) additional Notes (the “Additional Notes”) in an unlimited amount (so long as not otherwise prohibited by the terms of this Indenture, including
Section 10.8), in each case upon a written order of the Issuers in the form of a certificate of an Officer of each Issuer (an “Authentication Order”). Each such Authentication Order shall specify the amount of Notes to be
authenticated and the date on which the Notes are to be authenticated, whether the Notes are to be Initial Notes or Additional Notes and whether the Notes are to be issued as certificated Notes or Global Notes or such other information as the
Trustee may reasonably request. In addition, with respect to authentication pursuant to clause (ii) of the first sentence of this paragraph, the first such Authentication Order from the Issuers shall be accompanied by an Opinion of Counsel of
the Issuers stating that: 
  

	 	•	 	the form and terms of such Notes have been established in conformity with the provisions of this Indenture; 

  

	 	•	 	that all conditions precedent set forth in this Indenture to the authentication and delivery of such Notes have been complied with and that such Notes, when authenticated and delivered by the Trustee and issued by the
Issuers in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and binding obligations of the Issuers, enforceable against the Issuers in accordance with their terms, subject to bankruptcy,
insolvency, fraudulent conveyance, moratorium, reorganization and other laws of general applicability relating to or affecting the enforcement of creditors’ rights and to general equity principles; and 

 

	 	•	 	as to such other matters as the Trustee may reasonably request. 

 All Notes
issued under this Indenture shall be treated as a single class for all purposes under this Indenture. The Additional Notes shall bear any legend required by applicable law. 

The Trustee may appoint an authenticating agent reasonably acceptable to the Issuers to authenticate Notes. Unless otherwise
provided in the appointment, an authenticating agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same
rights as an Agent to deal with the Issuers and Affiliates of the Issuers.” 
 (c) The first sentence of the fifth
paragraph of Section 3.5 of the Base Indenture shall be amended to delete the following “or if at any time the Depository for the Securities of such series shall no longer be eligible under Section 3.3”. 

(d) The last paragraph of Section 3.5 of the Base Indenture shall be deleted in its entirety and replaced with the
following: 
 “Without the prior written consent of the Issuers, the Security Registrar shall not be required to
register the transfer of or exchange of any Note (i) during a period beginning at the opening of business 15 days before the mailing of a notice of redemption of Notes and ending at the close of business on the day of

  
 34 

 
such mailing, (ii) selected for redemption in whole or in part pursuant to Article 11, except the unredeemed portion of any Note being redeemed in part and (iii) beginning at the
opening of business on any Record Date and ending on the close of business on the related Interest Payment Date.” 
 (e)
The following shall be added to the Base Indenture as Section 3.12 and Section 3.13: 
 “Section 3.12. Outstanding
Notes. Notes outstanding at any time are all the Notes that have been authenticated by the Trustee except those cancelled by it, those delivered to it for cancellation and those described in this Section 3.12 as not outstanding. A Note does
not cease to be outstanding because the Issuers, the Guarantors or any of their respective Affiliates hold the Note (subject to the provisions of Section 3.13). 

If a Note is replaced pursuant to Section 3.6 (other than a mutilated Note surrendered for replacement), it ceases to be outstanding
unless a Responsible Officer of the Trustee receives proof satisfactory to it that the replaced Note is held by a bona fide purchaser. A mutilated Note ceases to be outstanding upon surrender of such Note and replacement thereof pursuant to
Section 3.6. 
 If the principal amount of any Note is considered paid under Section 10.1, it ceases to be outstanding and
interest ceases to accrue. If on a Redemption Date or the Stated Maturity the Trustee or Paying Agent (other than the Issuers or an Affiliate thereof) holds by 11:00 a.m. New York City time U.S. Legal Tender or U.S. Government Obligations sufficient
to pay all of the principal and interest due on the Notes payable on that date, then on and after that date such Notes cease to be outstanding and interest on them ceases to accrue. 

Section 3.13. Treasury Notes. In determining whether the Holders of the required principal amount of Notes have concurred in any
direction, waiver or consent, Notes owned by the Issuers or any of their Affiliates shall be disregarded as required by the Trust Indenture Act, except that, for the purposes of determining whether the Trustee shall be protected in relying on any
such direction, waiver or consent, only Notes that a Responsible Officer of the Trustee actually knows are so owned shall be disregarded. Notes so owned which have been pledged in good faith shall not be disregarded if the pledgee establishes to the
satisfaction of the Trustee the pledgee’s right to deliver any such direction, waiver or consent with respect to the Notes and that the pledgee is not the Issuers or any obligor upon the Notes or any Affiliate of the Issuers or of such other
obligor.” 
 ARTICLE FOUR 

DISCHARGE OF INDENTURE 

SECTION 4.01. Changes to Article 4 of the Base Indenture 

Sections 4.1 through 4.2 enumerated in Article 4 of the Base Indenture shall be deleted and replaced in their entirety by the following: 

“Section 4.1. Termination of the Issuers’ Obligations. The Issuers may terminate their obligations under the Notes and this
Indenture with respect to the Notes and the obligations of the Guarantors under the Note Guarantees and this Indenture with respect to the Notes, and this Indenture with respect to the Notes and the Note Guarantees shall cease to be of further
effect, except those obligations referred to in the penultimate paragraph of this Section 4.1, if: 
 (1) either 

(A) all the Notes theretofore authenticated and delivered (except lost, stolen or destroyed Notes which have been replaced or
paid and Notes for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Issuers and thereafter repaid to the Issuers or discharged from such trust) have been delivered to the Trustee for cancellation; or

 (B) all Notes not theretofore delivered to the Trustee for cancellation (1) have become due and payable or
(2) will become due and payable within one year, or are to be called for redemption within one year, under arrangements reasonably satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the
expense, of the Issuers, and 

  
 35 

 
the Issuers have irrevocably deposited or caused to be deposited with the Trustee funds in an amount sufficient to pay and discharge the entire Indebtedness on the Notes not theretofore delivered
to the Trustee for cancellation, for principal of, premium, if any, and interest on the Notes to the date of maturity or redemption, as the case may be, together with irrevocable written instructions from the Issuers directing the Trustee to apply
such funds to the payment thereof at maturity or redemption, as the case may be, provided that, with respect to any redemption pursuant to Section 5 of the Notes that requires the payment of the Applicable Premium, the Redemption Price
deposited shall be sufficient for purposes of this Indenture to the extent that the Redemption Price so deposited with the Trustee is calculated using an amount equal to the Applicable Premium computed using the Adjusted Treasury Rate as of the
third Business Day preceding the date of such deposit with the Trustee; 
 (2) the Issuers have paid all other sums then due
and payable under this Indenture by the Parent or the Issuers; and 
 (3) the Issuers have delivered to the Trustee an
Officer’s Certificate and an Opinion of Counsel stating that all conditions precedent under this Indenture relating to the satisfaction and discharge of this Indenture have been complied with. 

In the case of clause (B) of this Section 4.1, and subject to the next sentence and notwithstanding the foregoing paragraph, the
obligations in Sections 7.2, 3.5, 3.6, 3.12, 10.1, 10.2, 10.3 (as to legal existence of the Issuers only), 6.7, 13.4 and 13.5 shall survive until the Notes are no longer outstanding pursuant to the last paragraph of Section 3.12. After the
Notes are no longer outstanding, the Issuers’ obligations in Sections 6.7, 13.4 and 13.5 shall survive. 
 After such delivery or
irrevocable deposit, the Trustee upon request shall acknowledge in writing the discharge of the Issuers’ obligations under the Notes and this Indenture with respect to the Notes and the obligations of the Guarantors under the Note Guarantees
and the Indenture with respect to the Notes, except for those surviving obligations specified above. 
 The provisions of Sections 13.3,
13.4 and 13.5 shall apply to any money, U.S. Legal Tender or U.S. Government Obligations or other funds deposited with the Trustee pursuant to this Article 4.” 

ARTICLE FIVE 
 DEFAULT
AND REMEDIES 
 SECTION 5.01. Changes to Article 5 of the Base Indenture 

Sections 5.1 through 5.14 enumerated in Article 5 of the Base Indenture shall be deleted in their entirety and replaced by the following: 

“Section 5.1. Events of Default. Each of the following is an “Event of Default” under this Indenture: 

(1) default in the payment of principal of, or premium, if any, on any Note when they are due and payable at maturity, upon
acceleration, redemption or otherwise; 
 (2) default in the payment of interest on any Note when due and payable, and such
default continues for a period of 30 days; 
 (3) default in the performance or breach of the provisions of Section 14.1
or the failure by the Issuers to make or consummate an Offer to Purchase in accordance with Section 10.7 or Section 10.11; 

(4) the Parent defaults in the performance of or breaches any other covenant or agreement of the Parent in this Indenture or
under the Notes (other than a default specified in clause (1), (2) or (3) above) and such default or breach continues for 60 consecutive days after written notice by the Trustee or the Holders of 25% or more in aggregate principal amount
of the Notes; 

  
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 (5) there occurs with respect to any issue or issues of Indebtedness of the
Parent or any Significant Subsidiary, 
 (i) an event of default that has caused the Holder thereof to declare such
Indebtedness to be due and payable prior to its Stated Maturity and such Indebtedness has not been discharged in full or such acceleration has not been rescinded or annulled within 30 days of such acceleration (the “Accelerated
Debt”) and/or 
 (ii) the failure to make a principal payment at the final (but not any interim) fixed maturity of
such Indebtedness and such defaulted payment shall not have been made, waived or extended within 30 days of such payment default (the “Payment Default Debt”); and 

(iii) in each case, the aggregate principal amount of such Accelerated Debt and Payment Default Debt exceeds $50.0 million;

 (6) any final and non-appealable judgment or order (not covered by insurance) for the payment of money shall be rendered
against the Parent or any Significant Subsidiary and shall not be paid or discharged for a period of 60 consecutive days following entry of such final judgment or order and during such 60-day period a stay of enforcement of such final judgment or
order, by reason of a pending appeal or otherwise, shall not be in effect, and the aggregate amount for such unpaid or undischarged final judgments shall exceed $50.0 million; 

(7) a court of competent jurisdiction enters a decree or order for: 

(i) relief in respect of the Parent or any Significant Subsidiary in an involuntary case under any applicable Bankruptcy Law
now or hereafter in effect, 
 (ii) appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator or
similar official of the Parent or any Significant Subsidiary or for all or substantially all of the property and assets of the Parent or any Significant Subsidiary or 

(iii) the winding up or liquidation of the affairs of the Parent or any Significant Subsidiary and, in each case, such decree
or order shall remain unstayed and in effect for a period of 60 consecutive days; or 
 (8) the Parent or any Significant
Subsidiary: 
 (i) commences a voluntary case under any applicable Bankruptcy Law now or hereafter in effect, or consents to
the entry of an order for relief in an involuntary case under such law, 
 (ii) consents to the appointment of or taking
possession by a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official of the Parent or such Significant Subsidiary or for all or substantially all of the property and assets of the Parent or such Significant Subsidiary
or 
 (iii) effects any general assignment for the benefit of its creditors. 

Section 5.2. Acceleration. If an Event of Default (other than an Event of Default specified in clause (7) or (8) of
Section 5.1 that occurs with respect to the Parent or the Issuers) occurs and is continuing under this Indenture, the Trustee or the Holders of at least 25% in aggregate principal amount of the Notes then outstanding, by written notice to the
Issuers (and to the Trustee if such notice is given by the Holders), may, and the Trustee at the request of the Holders of at least 25% in aggregate principal amount of the Notes then outstanding shall, declare the principal of, premium, if any, and
accrued interest on the Notes to be immediately due and payable. Upon a declaration of acceleration, such principal of, premium, if any, and accrued interest shall be immediately due and payable. In the event of a declaration of acceleration because
an Event of Default set forth in clause (5) of Section 5.1 has occurred and is continuing, such declaration of acceleration shall be automatically rescinded and annulled if the event triggering such Event of Default pursuant to clause
(5) of Section 5.1 shall be 

  
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remedied or cured by the Parent or the relevant Significant Subsidiary or waived by the holders of the relevant Indebtedness within 60 days after the declaration of acceleration with respect
thereto. 
 If an Event of Default specified in clause (7) or (8) of Section 5.1 occurs with respect to the Parent or the
Issuers, the principal of, premium, if any, and accrued interest on the Notes then outstanding shall automatically become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. The Holders
of at least a majority in principal amount of the outstanding Notes (including, without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, Notes) by written notice to the Issuers and to the
Trustee, may waive all past defaults (other than a payment default as described under Section 9.2(b)(6) and rescind and annul a declaration of acceleration and its consequences if: 

(x) all existing Events of Default, other than the nonpayment of the principal of, premium, if any, and interest on the Notes
that have become due solely by such declaration of acceleration, have been cured or waived; and 
 (y) the rescission would
not conflict with any judgment or decree of a court of competent jurisdiction. 
 No such rescission shall affect any subsequent Default or
impair any right consequent thereto. 
 Section 5.3. Other Remedies. If a Default occurs and is continuing, the Trustee may
pursue any available remedy by proceeding at law or in equity to collect the payment of principal of, or interest on, the Notes or to enforce the performance of any provision of the Notes or this Indenture. 

The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the proceeding. A delay
or omission by the Trustee or any Holder in exercising any right or remedy accruing upon a Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Default. No remedy is exclusive of any other remedy. All
available remedies are cumulative to the extent permitted by law. 
 Section 5.4. Waiver of Past Defaults. Subject to Sections
3.13, 5.7 and 9.2, the Holders of a majority in principal amount of the outstanding Notes (which may include consents obtained in connection with a tender offer or exchange offer of Notes) by written notice to the Trustee may waive an existing
Default and its consequences, other than a payment default as described under Section 5.1(1) or (2). The Issuers shall deliver to the Trustee an Officer’s Certificate stating that the requisite percentage of Holders have consented to such
waiver and attaching copies of such consents. When a Default is waived, it is cured and ceases. 
 Section 5.5. Control by
Majority. The Holders of at least a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power
conferred on the Trustee. Subject to Section 6.1, however, the Trustee may refuse to follow any direction that conflicts with law or this Indenture, that may involve the Trustee in personal liability, or that the Trustee determines in good
faith may be unduly prejudicial to the rights of Holders not joining in the giving of such direction received from the Holders (it being understood that the Trustee shall not have an affirmative duty to ascertain whether or not any such direction is
unduly prejudicial to any other Holder) and may take any other action it deems proper that is not inconsistent with any such direction received from the Holders. 

In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to
indemnification satisfactory to it from each of the Parent, the Issuers and the Guarantors against any loss or expense caused by taking such action or following such direction. 

Section 5.6. Limitation on Suits. No Holder shall have any right to institute any proceeding with respect to this Indenture or for
any remedy thereunder, unless: 
 (1) the Holder gives the Trustee written notice of a continuing Event of Default; 

  
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 (2) the Holders of at least 25% in aggregate principal amount of outstanding
Notes make a written request to the Trustee to pursue the remedy; 
 (3) such Holder or Holders offer the Trustee indemnity
satisfactory to the Trustee against any losses, costs, liabilities or expenses; 
 (4) the Trustee does not comply with the
request within 60 days after receipt of the request and the offer of indemnity; and 
 (5) during such 60-day period, the
Holders of a majority in aggregate principal amount of the outstanding Notes do not give the Trustee a direction that is inconsistent with the request. 

However, such limitations do not apply to the right of any Holder of a Note to receive payment of the principal of, premium, if any, or
interest on, such Note or to bring suit for the enforcement of any such payment on or after the due date expressed in the Notes, which right shall not be impaired or affected without the consent of the Holder. 

A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over such other Holder (it
being understood that the Trustee does not have an affirmative duty to ascertain whether or not such actions or forbearances are unduly prejudicial to such Holders). 

Section 5.7. Rights of Holders To Receive Payment. Notwithstanding any other provision of this Indenture, the right of any Holder
to receive payment of principal of and premium, if any, and interest on, a Note, on or after the respective due dates therefor, or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or
affected without the consent of the Holder. 
 Section 5.8. Collection Suit by Trustee. If a Default in payment of principal or
interest specified in Section 5.1(1) or (2) occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Issuers or any other obligor on the Notes for the whole amount of
principal and accrued interest and fees remaining unpaid, together with interest on overdue principal and, to the extent that payment of such interest is lawful, interest on overdue installments of interest, in each case at the rate per annum borne
by the Notes and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 

Section 5.9. Trustee May File Proofs of Claim. The Trustee may file such proofs of claim and other papers or documents as may be
necessary or advisable in order to have the claims of the Trustee (including any claim for the compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders allowed in any judicial proceedings relating to
the Issuers, their creditors or their property and shall be entitled and empowered to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same, and any custodian in any such judicial
proceedings is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agent and counsel, and any other amounts due the Trustee under Section 6.7. Nothing herein contained shall be deemed to authorize the Trustee to authorize or
consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any
Holder in any such proceeding. The Trustee shall be entitled to participate as a member of any official committee of creditors in the matters as it deems necessary or advisable. 

Section 5.10. Priorities. If the Trustee collects any money or property pursuant to this Article 5, it shall pay out the money or
property in the following order: 
 First: to the Trustee for amounts due under Section 6.7; 

Second: to Holders for interest accrued on the Notes, ratably, without preference or priority of any kind, according to the
amounts due and payable on the Notes for interest; 

  
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 Third: to Holders for principal amounts due and unpaid on the Notes, ratably,
without preference or priority of any kind, according to the amounts due and payable on the Notes for principal; and 

Fourth: to the Issuers or, if applicable, the Guarantors, as their respective interests may appear. 

The Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section 6.10. 

Section 5.11. Undertaking for Costs. In any suit for the enforcement of any right or remedy under this Indenture or in any suit
against the Trustee for any action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess
reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 5.11 does not
apply to a suit by the Trustee, a suit by a Holder pursuant to Section 5.7, or a suit by a Holder or Holders of more than 10% in principal amount of the outstanding Notes. 

Section 5.12. Restoration of Rights and Remedies. If the Trustee or any Holder has instituted any proceeding to enforce any right
or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceedings or
any other proceedings, the Issuers, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies hereunder of the Trustee and the Holders shall continue as though
no such proceeding has been instituted.” 
 ARTICLE SIX 

THE TRUSTEE 

SECTION 6.01. Changes to Article 6 of the Base Indenture. 

(a) Section 6.2 of the Base Indenture shall be deleted in its entirety and replaced with the following: 

“Section 6.2. Notice of Defaults. If a Default occurs and is continuing and is deemed to be known to the Trustee pursuant to
Section 6.3(l), the Trustee shall transmit, by mail or electronically, to each Holder notice of the uncured Default within 60 days after such Default occurs. Except in the case of a Default in payment of principal of, or interest on, any Note,
including an accelerated payment and the failure to make a payment on a Payment Date pursuant to an Offer to Purchase or a Default in complying with the provisions of Article 14, the Trustee may withhold the notice if and so long as the Board of
Directors, the executive committee, or a trust committee of directors and/or Responsible Officers, of the Trustee in good faith determines that withholding the notice is in the interest of the Holders.” 

(b) The third paragraph of Section 6.7 of the Base Indenture shall be amended to delete the references to “Section 5.1(d)” and
to “Section 5.1(e)” and replace such references with “Section 5.1(7)” and “Section 5.1(8)”, respectively. 

(c) Section 6.10(d) of the Base Indenture shall be amended to delete the reference to “Section 5.14” and replace such reference
with “Section 5.11 of this Indenture”. 
 (d) The last paragraph of Section 6.14 of the Base Indenture shall be amended to
delete the reference to “Section 1.2” and replace such reference with “Sections 1.8 and 1.9 of this Indenture”. 

ARTICLE SEVEN 

HOLDERS’ LISTS AND REPORTS BY THE TRUSTEE 

SECTION 7.01. Changes to Article 7 of the Base Indenture. 

Section 7.4 of the Base Indenture shall be deleted in its entirety. 

  
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 ARTICLE EIGHT 

GUARANTY 

SECTION 8.01. Changes to Article 8 of the Base Indenture 

Sections 8.1 through 8.5 enumerated in Article 8 of the Base Indenture shall be deleted and replaced in their entirety by the following: 

“Section 8.1. Note Guarantee. Subject to this Article 8, each of the Guarantors hereby, jointly and severally, unconditionally
guarantees on a senior unsecured basis to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of this Indenture, the Notes or the
obligations of the Issuers hereunder or thereunder, that: (a) the principal of and interest on the Notes shall be promptly paid in full when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue
principal of and interest on the Notes, if any, if lawful, and all other obligations of the Issuers to the Holders or the Trustee hereunder or thereunder shall be promptly paid in full or performed, all in accordance with the terms hereof and
thereof; and (b) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that same shall 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. Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Guarantors shall be jointly and severally obligated to pay the same immediately.
Each Guarantor agrees that this Note Guarantee is a guarantee of payment and not a guarantee of collection. 
 The Guarantors hereby agree
that their obligations hereunder shall be unconditional, irrespective of the validity, regularity or enforceability of the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with
respect to any provisions hereof or thereof, the recovery of any judgment against the Issuers, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor.
Subject to Section 5.6 hereof, each Guarantor hereby waives, to the extent permitted by applicable law, diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Issuers, any right
to require a proceeding first against the Issuers, protest, notice and all demands whatsoever and covenant that this Note Guarantee shall not be discharged except by complete performance of the obligations contained in the Notes and this Indenture.

 If any Holder or the Trustee is required by any court or otherwise to return to the Issuers, the Guarantors or any custodian, trustee,
liquidator or other similar official acting in relation to either the Issuers or the Guarantors, any amount paid by either to the Trustee or such Holder, this Note Guarantee, to the extent theretofore discharged, shall be reinstated in full force
and effect. 
 Each Guarantor agrees that it shall not be entitled to any right of subrogation in relation to the Holders in respect of any
obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. Each Guarantor further agrees that, as between the Guarantors, on the one hand, and the Holders and the Trustee, on the other hand, (x) the maturity of
the obligations guaranteed hereby may be accelerated as provided in Article 5 hereof for the purposes of this Note Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations
guaranteed hereby and (y) in the event of any declaration of acceleration of such obligations as provided in Article 5 hereof, such obligations (whether or not due and payable) shall forthwith become due and payable by the Guarantors for the
purpose of this Note Guarantee. 
 Section 8.2. Limitation on Guarantor Liability. Each Guarantor, and by its acceptance of
Notes, each Holder, hereby confirms that it is the intention of all such parties that the Note Guarantee of such Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the
Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to any Note Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Guarantors hereby irrevocably agree that the obligations of
such Guarantor will, after giving effect to such maximum amount and all other contingent and fixed liabilities of such Guarantor that are relevant under such laws, and after giving effect to any collections from, rights to receive contribution from
or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under this Article 8, result in the obligations of such Guarantor under its Note Guarantee not constituting a fraudulent transfer or
conveyance. Each Guarantor that makes a 

  
 41 

 
payment for distribution under its Note Guarantee is entitled to a contribution from each other Guarantor in a pro rata amount based on the adjusted net assets of each Guarantor. 

Section 8.3. Execution and Delivery of Note Guarantee. To evidence its Note Guarantee set forth in Section 8.1, each
Guarantor hereby agrees that this Indenture shall be executed on behalf of such Guarantor by an Officer. 
 Each Guarantor hereby agrees
that its Note Guarantee set forth in Section 8.1 shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Note Guarantee. 

If an Officer whose signature is on this Indenture or on the Note Guarantee no longer holds that office at the time the Trustee authenticates
the Note on which a Note Guarantee is endorsed, the Note Guarantee shall be valid nevertheless. 
 The delivery of any Note by the Trustee,
after the authentication thereof hereunder, shall constitute due delivery of the Note Guarantee set forth in this Indenture on behalf of the Guarantors. 

Section 8.4. Release of a Guarantor. (a) A Guarantor shall be automatically and unconditionally released from its obligations
under its Note Guarantee and its obligations under this Indenture with respect to the Notes: 
 (1) upon any sale, exchange
or transfer (including through merger or consolidation), to any Person that is not a Subsidiary of the Parent of Capital Stock held by the Parent and its Restricted Subsidiaries in, or all or substantially all the assets of, such Guarantor (which
sale, exchange or transfer is not prohibited by this Indenture), such that, immediately after giving effect to such transaction, such Guarantor would no longer constitute a Restricted Subsidiary of the Parent, 

(2) in connection with the merger or consolidation of a Subsidiary Guarantor with (a) an Issuer or (b) any other
Guarantor (provided that in the case of this clause (b) the surviving entity remains or becomes a Guarantor upon the consummation thereof), 

(3) if Parent properly designates any Restricted Subsidiary that is a Guarantor as an Unrestricted Subsidiary in accordance
with this Indenture, 
 (4) upon the Legal Defeasance or Covenant Defeasance or satisfaction and discharge of this Indenture,

 (5) upon a liquidation, dissolution or winding-up of such of a Guarantor not prohibited by this Indenture, 

(6) upon the release or discharge of the Indebtedness or guarantee that resulted in the creation of such Note Guarantee (and
any other guarantee given as a result thereof), except a discharge or release by or as a result of payment under such guarantee, or 

(7) upon payment in full of the principal of, and accrued and unpaid interest on, the Notes. 

(b) In addition, any Note Guarantee provided by a Subsidiary Guarantor shall provide by its terms that it shall be automatically and
unconditionally released and discharged if (i) such Subsidiary ceases to guarantee obligations under the Credit Agreement or ceases to constitute a co-borrower with respect to the Credit Agreement, in either case in connection with a Permitted
Mortgage Indebtedness financing transaction by such entity and (ii) the proceeds from any such financing transaction are applied solely for one or more of the uses described in clauses (1) through (7) of Section 10.11(c). 

(c) The Trustee may execute an appropriate instrument prepared by the Issuers evidencing the release of a Guarantor from its obligations under
its Note Guarantee and this Indenture upon receipt of a request by the Issuers or such Guarantor accompanied by an Officer’s Certificate and an Opinion of Counsel certifying as to the compliance with this Section 8.4; provided,
however, that the legal counsel delivering such Opinion of Counsel may rely as to matters of fact on one or more Officer’s Certificates of the Issuers.” 

  
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 ARTICLE NINE 

AMENDMENTS, SUPPLEMENTS AND WAIVERS 

SECTION 9.01. Changes to Article 9 of the Base Indenture 

Sections 9.1 through 9.6 enumerated in Article 9 of the Base Indenture shall be deleted and replaced in their entirety by the following:

 “Section 9.1. Without Consent of Holders. The Issuers, the Guarantors and the Trustee, together, may amend or supplement this
Indenture, the Notes or the Note Guarantees without notice to or consent of any Holder: 
 (1) to cure any ambiguity,
omission, defect, mistake or inconsistency, as evidenced by an Officer’s Certificate; 
 (2) to provide for the
assumption by a successor corporation or other entity of the obligations of the Parent, the Issuers or any Subsidiary Guarantor under this Indenture, the Notes and the Note Guarantee; 

(3) to provide for uncertificated Notes in addition to or in place of certificated Notes; 

(4) to add guarantees with respect to the Notes, including any Subsidiary Guarantees, or to secure the Notes; 

(5) to add to the covenants of the Parent, the Issuers or a Restricted Subsidiary of Parent for the benefit of the Holders or
to surrender any right or power conferred upon the Parent, the Issuers or a Restricted Subsidiary of Parent or to add additional Events of Default; 

(6) to make any change that does not adversely affect the rights of any Holder in any material respect; 

(7) to comply with any requirement of the SEC in order to effect or maintain the qualification of this Indenture under the
Trust Indenture Act; 
 (8) to make any amendment to the provisions of this Indenture relating to the transfer and legending
of Notes; provided, however, that (a) compliance with this Indenture as so amended would not result in Notes being transferred in violation of the Securities Act or any other applicable securities law and (b) such amendment does not
materially and adversely affect the rights of Holders to transfer Notes; 
 (9) to conform the text of this Indenture or the
Note Guarantees or the Notes to any provision of the “Description of Notes” section of the Prospectus Supplement to the extent that such provision in the “Description of Notes” section of the Prospectus Supplement was intended to
be a recitation of a provision of this Indenture or the Note Guarantees or the Notes, as set forth in an Officer’s Certificate delivered to the Trustee; 

(10) to evidence and provide for the acceptance of appointment by a successor trustee, provided that the successor trustee is
otherwise qualified and eligible to act as such under the terms of this Indenture; 
 (11) to release a Subsidiary Guarantor
from its Subsidiary Guarantee as permitted by and in accordance with this Indenture; 
 (12) to provide for a reduction in
the minimum denominations of the Notes; 
 (13) to comply with the rules of any applicable securities depositary; or 

(14) to provide for the issuance of Additional Notes and related guarantees in accordance with the limitations set forth in
this Indenture. 

  
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 Section 9.2. With Consent of Holders. (a) Subject to Section 5.7 and this
Section 9.2, the Issuers, the Guarantors and the Trustee, together, with the consent of the Holder or Holders of not less than a majority in aggregate principal amount of the outstanding Notes (including, without limitation, consents obtained
in connection with a purchase of, or tender offer or exchange offer for, Notes) may amend or supplement this Indenture, the Notes or the Note Guarantees, without notice to any other Holders. Subject to Sections 5.7 and this Section 9.2,
the Holder or Holders of not less than a majority in aggregate principal amount of the outstanding Notes may waive compliance with any provision of this Indenture, the Notes or the Note Guarantees without notice to any other Holders (including,
without limitation, waivers obtained in connection with a purchase of, or tender offer or exchange offer for, Notes). 
 (b) Notwithstanding
Section 9.2(a), without the consent of each Holder affected (including, without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, Notes), no amendment or waiver may: 

(1) change the Stated Maturity of the principal of, or any installment of interest on, any Note (in each case, other than
pursuant to Section 10.7 or Section 10.11); 
 (2) reduce the principal amount of, or premium, if any, or interest
on, any Note (in each case, other than pursuant to Section 10.7 or Section 10.11); 
 (3) change the place of
payment of principal of, or premium, if any, or interest on, any Note; 
 (4) impair the right to institute suit for the
enforcement of any payment on or after the Stated Maturity (or, in the case of a redemption, on or after the Redemption Date) of any Note; 

(5) reduce the above-stated percentages of outstanding Notes the consent of whose Holders is necessary to modify or amend this
Indenture; 
 (6) waive a default in the payment of principal of, premium, if any, or interest on the Notes (except a
rescission of the declaration of acceleration of the Notes by the Holders of at least a majority in aggregate principal amount of the Notes then outstanding and a waiver of the payment default that resulted from such acceleration, so long as all
other existing Events of Default, other than the nonpayment of the principal of, premium, if any, and interest on the Notes that have become due solely by such declaration of acceleration, have been cured or waived); 

(7) voluntarily release a Guarantor of the Notes, except as permitted by this Indenture; 

(8) reduce the percentage or aggregate principal amount of outstanding Notes the consent of whose Holders is necessary for
waiver of compliance with provisions of this Indenture or for waiver of Defaults; or 
 (9) subordinate the Notes or the Note
Guarantees as to right of payment to any other Indebtedness of the Issuers or any Guarantor. 
 (c) It shall not be necessary for the consent
of the Holders under this Section 9.2 to approve the particular form of any proposed amendment, supplement or waiver but it shall be sufficient if such consent approves the substance thereof. 

(d) A consent to any amendment, supplement or waiver under this Indenture by any Holder given in connection with an exchange (in the case of an
exchange offer) or a tender (in the case of a tender offer) or a purchase of such Holder’s Notes shall not be rendered invalid by such tender, exchange or purchase. 

(e) After an amendment, supplement or waiver under this Section 9.2 becomes effective, the Parent shall give to the Holders affected
thereby a notice (which may be given in accordance with applicable Depository procedures) briefly describing the amendment, supplement or waiver. Any failure of the Parent to give such notice to all Holders, or any defect therein, shall not,
however, in any way impair or affect the validity of any such amendment, supplement or waiver. 

  
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 Section 9.3. Compliance with the Trust Indenture Act. Every amendment, waiver or
supplement of this Indenture, the Notes or the Note Guarantees shall comply with the Trust Indenture Act as then in effect. 

Section 9.4. Revocation and Effect of Consents. Until an amendment, waiver or supplement becomes effective, a consent to it by a
Holder is a continuing consent by the Holder and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent is not made on any Note. However, subject to
the terms of the request for consents any such Holder or subsequent Holder may revoke the consent as to its Note or portion of its Note by notice to the Trustee or the Issuers received before the date on which the Trustee receives an Officer’s
Certificate certifying that the Holders of the requisite principal amount of Notes have consented (and not theretofore revoked such consent) to the amendment, supplement or waiver. 

The Issuers may, but shall not be obligated to, fix a record date for the purpose of determining the Holders entitled to consent to any
amendment, supplement or waiver, which record date shall be at least 30 days prior to the first solicitation of such consent. If a record date is fixed, then notwithstanding the last sentence of the immediately preceding paragraph, those
Persons who were Holders at such record date (or their duly designated proxies), and only those Persons, shall be entitled to revoke, subject to the terms of the request for consents, any consent previously given, whether or not such Persons
continue to be Holders after such record date. No such consent shall be valid or effective for more than 90 days after such record date. The Issuers shall inform the Trustee in writing of the fixed record date if applicable. 

After an amendment, supplement or waiver becomes effective, it shall bind every Holder, unless it makes a change described in any of
clauses (1) through (9) of Section 9.2(b), in which case, the amendment, supplement or waiver shall bind only each Holder of a Note who has consented to it and every subsequent Holder of a Note or portion of a Note that evidences the same
debt as the consenting Holder’s Note; provided, however, that any such waiver shall not impair or affect the right of any Holder to receive payment of principal of, and interest on, a Note, on or after the respective due dates
therefor, or to bring suit for the enforcement of any such payment on or after such respective dates without the consent of such Holder. 

Section 9.5. Notation on or Exchange of Notes. If an amendment, supplement or waiver changes the terms of a Note, the Issuers may
require the Holder of the Note to deliver it to the Trustee. The Issuers shall provide the Trustee with an appropriate notation on the Note about the changed terms and cause the Trustee to return it to the Holder at the Issuers’ expense.
Alternatively, if the Issuers or the Trustee so determines, the Issuers in exchange for the Note shall issue, and the Trustee shall authenticate, a new Note that reflects the changed terms. Failure to make the appropriate notation or issue a new
Note shall not affect the validity and effect of such amendment, supplement or waiver. 
 Section 9.6. Trustee To Sign Amendments,
Etc. The Trustee shall execute any amendment, supplement or waiver authorized pursuant to this Article 9; provided, however, that the Trustee may, but shall not be obligated to, execute any such amendment, supplement or waiver
which affects the Trustee’s own rights, duties or immunities under this Indenture. The Trustee shall receive, and shall be fully protected in relying upon, an Opinion of Counsel and an Officer’s Certificate each stating that the execution
of any amendment, supplement or waiver authorized pursuant to this Article 9 is authorized or permitted by this Indenture and constitutes the valid and binding obligation of the Issuers enforceable in accordance with its terms, subject to
customary exceptions. Such Opinion of Counsel shall be at the expense of the Issuers.” 
 ARTICLE TEN 

COVENANTS 

SECTION 10.01. Changes to Article 10 of the Base Indenture 

Sections 10.1 through 10.4 enumerated in Article 10 of the Base Indenture shall be deleted in their entirety and replaced with the
following: 
 “Section 10.1. Payment of Notes. The Issuers shall pay the principal of, premium, if any, and interest on the
Notes in the manner provided in the Notes and this Indenture. An installment of principal of, or 

  
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interest on, the Notes shall be considered paid on the date it is due if the Trustee or Paying Agent (other than the Issuers or an Affiliate thereof) holds by 11:00 a.m. New York City Time
on that date U.S. Legal Tender designated for and sufficient to pay the installment. Interest on the Notes will be computed on the basis of a 360-day year comprised of twelve 30-day months. 

The Issuers shall pay interest on overdue principal (including post petition interest in a proceeding under any Bankruptcy Law), and overdue
interest, to the extent lawful, at the same rate per annum borne by the Notes. 
 Section 10.2. Maintenance of Office or Agency.
The Issuers shall maintain in the United States of America, the office or agency required under Section 3.5 (which may be an office of the Trustee or an Affiliate of the Trustee or Security Registrar). The Issuers shall give prompt written
notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Issuers shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such
presentations, surrenders, notices and demands may be made or served at the address of the Corporate Trust Office. 
 The Issuers may also,
from time to time, designate one or more other offices or agencies where the Notes may be presented or surrendered for any or all such purposes and may from time to time rescind such designations. The Issuers shall give prompt written notice to the
Trustee of any such designation or rescission and of any change in the location of any such other office or agency. 
 The Issuers hereby
initially designate Wells Fargo Bank, National Association, located at 600 South 4th Street, Minneapolis, MN 55415 Attention: Bondholder Communications, as such office of the Issuers in
accordance with Section 3.5. 
 Section 10.3. Corporate Existence. Except as otherwise permitted by Article 14, the
Parent and the Issuers shall do or cause to be done all things necessary to preserve and keep in full force and effect their corporate, partnership or other existence, as applicable, and the corporate, partnership or other existence, as applicable,
of each of the Restricted Subsidiaries of the Parent in accordance with the respective organizational documents of each such Restricted Subsidiary and the related material rights (charter and statutory) and material franchises of the Parent, the
Issuers and each Restricted Subsidiary of the Parent; provided, however, that the Parent and the Issuers shall not be required to preserve any such right, franchise or corporate, partnership or other existence, as applicable, with
respect to themselves or any Restricted Subsidiary if the Board of Directors of the Parent or any officer of the Parent shall determine that the preservation thereof is no longer necessary or desirable in the conduct of the business of the Parent,
the Issuers and their Restricted Subsidiaries, taken as a whole, and that the loss thereof could not reasonably be expected to have a material adverse effect on the ability of the Issuers to perform their obligations hereunder and provided,
further, however, that the foregoing shall not prohibit a sale, transfer, conveyance, lease or disposal of a Restricted Subsidiary or any of the Parent’s or any Restricted Subsidiary’s assets in compliance with the terms of
this Indenture. 
 Section 10.4. [Reserved]. 

Section 10.5. Compliance Certificate; Notice of Default. (a) The Parent shall deliver to the Trustee, within 120 days
after each December 31, commencing with December 31, 2017, an Officer’s Certificate signed by the principal executive officer, principal financial officer or principal accounting officer of the Parent certifying that a review of the
activities of the Parent and its Restricted Subsidiaries and of the Parent’s performance under this Indenture has been made under the supervision of the signing Officer and further stating that, to the best of such Officer’s knowledge, the
Parent and its Restricted Subsidiaries during such preceding fiscal year have fulfilled each and every such covenant and no Default occurred during such year and at the date of such certificate there is no Default that has occurred and is continuing
or, if such signer does know of such Default, the certificate shall specify such Default and what action, if any, the Parent is taking or proposes to take with respect thereto. 

(b) The Parent shall deliver to the Trustee within 30 days after the Parent becomes aware (unless such Default has been cured before the
end of the 30-day period) of the occurrence of any Default an Officer’s Certificate specifying the Default and what action, if any, the Parent is taking or proposes to take with respect thereto. 

  
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 Section 10.6. Waiver of Stay, Extension or Usury Laws. The Issuers and each Guarantor
covenants (to the extent permitted by applicable law) that it shall not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law or any usury law or other law that would
prohibit or forgive such Issuer or such Guarantor from paying all or any portion of the principal of and/or interest on the Notes or the Note Guarantee of any such Guarantor as contemplated herein, wherever enacted, now or at any time hereafter in
force, or which may affect the covenants or the performance of this Indenture, and (to the extent permitted by applicable law) each hereby expressly waives all benefit or advantage of any such law, and covenants that it shall not hinder, delay or
impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 

Section 10.7. Change of Control. (a) Except as otherwise provided in this Section 10.7, the Issuers shall commence, no
later than 30 days after the occurrence of a Change of Control, and, subject to the terms and conditions of such Offer to Purchase, thereafter consummate an Offer to Purchase all Notes then outstanding, at a purchase price equal to 101% of the
principal amount of the Notes, plus accrued and unpaid interest, if any, to, but not including, the Payment Date. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control provisions of this
Indenture, the Issuers shall comply with the applicable securities laws and regulations and shall not be deemed to have breached their obligations under the Change of Control provisions of this Indenture by virtue of such compliance. 

(b) The Issuers shall not be required to make an Offer to Purchase as a result of a Change of Control if a third party makes the Offer to
Purchase in the manner, at the times and otherwise in compliance with the requirements set forth in this Indenture applicable to an Offer to Purchase made by the Issuers and purchases all Notes validly tendered and not withdrawn under such Offer to
Purchase or if notice of redemption has been given pursuant to Section 5 or 6 of the Notes. Notwithstanding anything to the contrary contained herein, an Offer to Purchase may be made in advance of a Change of Control, subject to one or more
conditions precedent, including, but not limited to, the consummation of such Change of Control, if a definitive agreement is in place for the Change of Control at the time the Offer to Purchase is made. 

(c) If Holders of not less than 90% in aggregate principal amount of the outstanding Notes held by non-Affiliates validly tender and do not
withdraw such Notes in an Offer to Purchase and the Issuers, or any third party making the Offer to Purchase in lieu of the Issuers as described above, purchases all of the Notes validly tendered and not withdrawn by such Holders, the Issuers or
such third party will have the right, upon not less than 30 days nor more than 60 days’ prior notice, given not more than 30 days following such purchase pursuant to the Offer to Purchase, to redeem all Notes that remain
outstanding following such purchase at a price in cash equal to 101% of the principal amount thereof plus accrued and unpaid interest to, but not including, the date of redemption. 

Section 10.8. Limitation on Indebtedness. (a) The Parent and General Partner will not Incur any Indebtedness (including
Acquired Indebtedness) other than guarantees of Indebtedness issued on the Closing Date, other Indebtedness existing on the Closing Date, and guarantees of Indebtedness of the Issuers or any other Restricted Subsidiary of the Parent; provided
such Indebtedness is permitted by and Incurred in accordance with this Section 10.8. The Issuers will not, and will not permit any of their Restricted Subsidiaries to, Incur any Indebtedness (including Acquired Indebtedness) if, immediately
after giving effect to the Incurrence of such additional Indebtedness and on a pro forma basis (including the receipt and pro forma application of the proceeds therefrom), the aggregate principal amount of all outstanding Indebtedness
of the Parent and its Restricted Subsidiaries on a consolidated basis would be greater than 60% of Parent’s Adjusted Total Assets. 

(b) The Issuers will not, and will not permit any of their Restricted Subsidiaries to, Incur any Secured Indebtedness (including Acquired
Indebtedness) if, immediately after giving effect to the Incurrence of such additional Secured Indebtedness and on a pro forma basis (including the receipt and pro forma application of the proceeds therefrom), the aggregate principal
amount of all outstanding Secured Indebtedness of the Issuers and their Restricted Subsidiaries on a consolidated basis would be greater than 40% of the Parent’s Adjusted Total Assets. 

(c) The Issuers will not, and will not permit any of their Restricted Subsidiaries to Incur any Indebtedness (including Acquired Indebtedness);
provided, however, that the Issuers or any of the Subsidiary Guarantors may Incur Indebtedness (including Acquired Indebtedness) if, after giving effect to the Incurrence of such Indebtedness and on a pro forma basis (including the
receipt and pro forma application of the proceeds 

  
 47 

 
therefrom), the Interest Coverage Ratio of the Parent and its Restricted Subsidiaries on a consolidated basis would be at least 2.0 to 1.0. 

(d) Notwithstanding paragraph (a), (b) and (c) above, the Issuers or any of their Restricted Subsidiaries (except as specified below) may
Incur each and all of the following (collectively, “Permitted Indebtedness”): 
 (1) Indebtedness of an
Issuer or a Guarantor outstanding under any Credit Facility at any time in an aggregate principal amount not to exceed the greater of $400.0 million and 30.0% of the Parent’s Adjusted Total Assets (in each case, plus, in the case of
any Indebtedness under any Credit Facility resulting from the refinancing of any Indebtedness under any Credit Facility, the aggregate amount of accrued interest, fees, underwriting discounts, premiums and other costs and expenses incurred in
connection with such refinancing); 
 (2) Indebtedness of the Issuers or any of their Restricted Subsidiaries owed to: 

(i) the Issuers or a Guarantor, or 

(ii) any Restricted Subsidiary; 

provided, however, that if the Partnership, Capital Corp or any Guarantor is an obligor and the payee is not the Partnership, Capital Corp or a
Guarantor, the Indebtedness is subordinated in right of payment to the amounts due under the Notes, in the case of the Partnership or Capital Corp, or the Note Guarantee, in the case of a Guarantor; provided further that any event that
results in any such Restricted Subsidiary ceasing to be a Restricted Subsidiary of the Issuers or any subsequent transfer of such Indebtedness (other than to the Issuers or any other Restricted Subsidiary of the Issuers) shall be deemed, in each
case, to constitute an Incurrence of such Indebtedness not permitted by this clause (2); 
 (3) Indebtedness of the
Issuers or any of their Restricted Subsidiaries under Hedging Obligations (provided that such agreements (x)(i) are designed to protect the Issuers or any of their Restricted Subsidiaries against fluctuations in foreign currency exchange
rates or interest rates (whether fluctuations of fixed to floating rate interest or floating to fixed rate interest) or otherwise in the ordinary course of business to hedge or mitigate risks to which the Issuers or any of their Restricted
Subsidiaries are exposed in the conduct of their business or the management of their liabilities and not for speculative purposes and (ii) do not increase the Indebtedness of the obligor outstanding at any time other than as a result of
fluctuations in foreign currency exchange rates or interest rates or other hedged items or by reason of fees, indemnities and compensation payable thereunder, or (y) were entered into as part of or in connection with an issuance of Convertible
Indebtedness, including, in the case of this clause (y), for the avoidance of doubt, Permitted Bond Hedge Transactions and Permitted Warrant Transactions); 

(4) Indebtedness of the Issuers or any of the Subsidiary Guarantors, to the extent the net proceeds thereof are promptly or
substantially concurrently: 
 (i) used to purchase Notes tendered in an Offer to Purchase made as a result of (or in
anticipation of, but subject to) a Change of Control, 
 (ii) used to redeem all the Notes pursuant to Section 5 of the
Notes, 
 (iii) deposited to defease the Notes as described in Sections 13.1 and 13.2, or 

(iv) deposited to discharge the obligations under the Notes and the Indenture with respect to the Notes as described in
Section 4.1; 
 (5) (i) Guarantees of Indebtedness of the Issuers or any of the Subsidiary Guarantors by Parent or
General Partner, (ii) Guarantees of Indebtedness of the Issuers or any Subsidiary Guarantor by any of their Restricted Subsidiaries provided the guarantee of such Indebtedness is permitted by and made in accordance with Section 10.14,
(iii) any Guarantees by a Subsidiary Guarantor of any Indebtedness of an Issuer or any other Subsidiary Guarantor, (iv) Guarantees by an Issuer of Indebtedness of any Subsidiary 

  
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Guarantor, (v) Guarantees of Permitted Mortgage Indebtedness of a Restricted Subsidiary by Parent and (vi) Guarantees by any Restricted Subsidiary of Parent that is not an Issuer or
Subsidiary Guarantor of Indebtedness of any other Restricted Subsidiary of Parent that is not an Issuer or Subsidiary Guarantor; 

(6) Existing Indebtedness to the extent outstanding after giving effect to the intended use of proceeds of the Initial Notes
(other than Indebtedness outstanding under clause (1) above); 
 (7) Indebtedness represented by the Notes and the Note
Guarantees issued on the Closing Date; 
 (8) Indebtedness consisting of obligations to pay insurance premiums incurred in
the ordinary course of business; 
 (9) Indebtedness in respect of any bankers’ acceptances, bank guarantees, letters of
credit, warehouse receipt or similar facilities, and reinvestment obligations related thereto, entered into in the ordinary course of business; 

(10) (a) Indebtedness in respect of workers’ compensation claims, health, disability or other employee benefits,
self-insurance obligations, indemnities, performance, bid, completion and surety bonds or guarantees and similar types of obligations in the ordinary course of business and including statutory obligations or otherwise under applicable law and
(b) deposits and advance payments received in the ordinary course of business; 
 (11) Indebtedness represented by cash
management obligations and other obligations in respect of netting services, automatic clearinghouse arrangements, overdraft protections and similar arrangements in each case in connection with deposit accounts and honoring or drawing of an
instrument against insufficient funds and endorsements for deposit; 
 (12) Indebtedness supported by a letter of credit
procured by the Issuers or any of their Restricted Subsidiaries in a principal amount not in excess of the stated amount of such letter of credit and where the underlying Indebtedness would otherwise be permitted; 

(13) Guarantees: (a) Incurred in the ordinary course of business; or (b) constituting Investments that are
(i) included in the calculation of the amount available to be made as Restricted Payments under Section 10.9(a)(C), (ii) made pursuant to Section 10.9(c)(19) or (iii) made in reliance on clause (9), (18) or (19) of the
definition of “Permitted Investments”; 
 (14) Permitted Refinancing Indebtedness Incurred in exchange for, or the
net proceeds of which are used to refund, refinance or replace, Indebtedness (other than intercompany Indebtedness) that was permitted by this Indenture to be Incurred under the provisions of Sections 10.8(a), (b) and (c) or clauses (4),
(6), (7), (14), (15), (16), (17), (18), (19) or (20) of this Section 10.8(d); 
 (15) Indebtedness of Restricted
Subsidiaries that are not the Issuers or Subsidiary Guarantors in an aggregate principal amount at any time outstanding not to exceed, when taken together with all then outstanding net Investments in Unrestricted Subsidiaries and joint ventures made
in reliance on clause (9) of the definition of “Permitted Investments,” the greater of $75.0 million and 6.0% of the Adjusted Total Assets of such Restricted Subsidiaries; provided, however, that any Permitted Refinancing
Indebtedness Incurred under clause (14) above in respect of Indebtedness Incurred under this clause (15) shall be deemed to have been Incurred under this clause (15) for purposes of determining the amount of Indebtedness that may at
any time be Incurred under this clause (15); 
 (16) additional Indebtedness of the Issuers and their Restricted
Subsidiaries in an aggregate principal amount at any time outstanding not to exceed the greater of $75.0 million and 6.0% of Parent’s Adjusted Total Assets; provided, however, that any Permitted Refinancing Indebtedness
Incurred under clause (14) above in respect of Indebtedness Incurred under this clause (16) shall be deemed to have been Incurred under this clause (16) for purposes of determining the amount of Indebtedness that may at any time be
Incurred under this clause (16); 

  
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 (17) Indebtedness (including Capitalized Lease Obligations and Attributable Debt)
of the Issuers and their Restricted Subsidiaries Incurred to finance the purchase, lease, expansion, repair, refurbishment, renovation, improvement, construction or acquisition (whether by asset or Capital Stock of the Person owning such assets) of,
or capital expenditures with respect to, property (real or personal) or equipment in an aggregate principal amount at any time outstanding not to exceed the greater of $75.0 million and 6.0% of Parent’s Adjusted Total Assets;
provided, however, that any Permitted Refinancing Indebtedness Incurred under clause (14) above in respect of such Indebtedness shall be deemed to have been Incurred under this clause (17) for purposes of determining the
amount of Indebtedness that may at any time be Incurred under this clause (17); 
 (18) Acquired Indebtedness and any
other Indebtedness Incurred to finance a merger, consolidation or other acquisition; provided that either (i) immediately after giving effect to the Incurrence of such Acquired Indebtedness and such other Indebtedness, as the case may
be, on a pro forma basis (including the receipt and pro forma application of the proceeds therefrom) as if such Incurrence (and the related merger, consolidation or other acquisition) had occurred at the beginning of the applicable
Four Quarter Period, (A) either (x) the Issuers and their Restricted Subsidiaries would be permitted to Incur at least $1.00 of additional Indebtedness pursuant to paragraph (1) above or (y) the ratio referred to in such
paragraph (1) would be equal to or less than such ratio immediately prior to such merger, consolidation or other acquisition, (B) either (x) the Issuers and their Restricted Subsidiaries would be permitted to Incur at least $1.00 of
additional Indebtedness pursuant to paragraph (2) above or (y) the ratio referred to in such paragraph (2) would be equal to or less than such ratio immediately prior to such merger, consolidation or other acquisition and
(C) either (x) the Issuers and the Subsidiary Guarantors would be permitted to Incur at least $1.00 of additional Indebtedness pursuant to paragraph (3) above or (y) the ratio referred to in such paragraph (3) would be equal
to or greater than such ratio immediately prior to such merger, consolidation or other acquisition; or (ii) the aggregate principal amount of such Acquired Indebtedness or other Indebtedness at any time outstanding Incurred pursuant to this
clause (18)(ii) does not exceed $10.0 million; 
 (19) Permitted Mortgage Indebtedness of any Restricted Subsidiary
of Parent that is not an Issuer or Subsidiary Guarantor that would be permitted to be Incurred under the provisions of paragraphs (a), (b) and (c) of this Section 10.8, if such Restricted Subsidiary was a Subsidiary Guarantor; 

(20) Convertible Indebtedness of Parent that would be permitted to be Incurred under the provisions of paragraphs (a), (b)
and (c) of this Section 10.8, if Parent was an Issuer; or 
 (21) Indebtedness arising from agreements providing for
indemnification, adjustment of purchase price or similar obligations that are permitted under this Indenture and are Incurred in connection with the disposition of any business, assets or Restricted Subsidiary. 

(e) Notwithstanding any other provision of this Section 10.8, the maximum amount of Indebtedness that the Parent or any of its Restricted
Subsidiaries may Incur pursuant to this Section 10.8 shall not be deemed to be exceeded, with respect to any outstanding Indebtedness, due solely to the result of fluctuations in the exchange rates of currencies. 

(f) For purposes of determining any particular amount of Indebtedness under this Section 10.8, guarantees, Liens or obligations with
respect to letters of credit supporting Indebtedness otherwise included in the determination of such particular amount shall not be included. 

For purposes of determining compliance with this Section 10.8, in the event that an item of Indebtedness meets the criteria of more than
one of the categories of permitted Indebtedness described in clauses (1) through (21) of paragraph (d) above or is entitled to be Incurred pursuant to paragraphs (a), (b) and (c) above, the Issuers shall, in their sole discretion, be
entitled to classify all or a portion of such item of Indebtedness on the date of its Incurrence or issuance and determine the order of such Incurrence or issuance (and may later reclassify such item of Indebtedness) and may divide and classify such
Indebtedness in more than one of the types of Indebtedness described. At any time that the Parent would be entitled to have Incurred any then outstanding Indebtedness under paragraphs (a), (b) and (c) of this Section 10.8, such
Indebtedness shall be automatically reclassified into Indebtedness Incurred pursuant to those paragraphs. Notwithstanding the foregoing, any Indebtedness Incurred and 

  
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outstanding under the revolving credit facility provided by the Credit Agreement on or prior to the Closing Date shall be deemed to have been Incurred under clause (1) of paragraph
(d) above and may not be reclassified. Indebtedness permitted by this Section 10.8 need not be permitted solely by reference to one provision permitting such Indebtedness, but may be permitted in part by one such provision and in part by
one or more other provisions of this Section 10.8 permitting such Indebtedness. For the avoidance of doubt, the outstanding principal amount of any particular Indebtedness shall be counted only once and any obligations arising under any
guarantee, Lien, letter of credit or similar instrument supporting such Indebtedness shall not be double counted. 
 For purposes of
determining compliance with any U.S. dollar-denominated restriction on the Incurrence of Indebtedness, the U.S. dollar-equivalent principal amount of Indebtedness denominated in a foreign currency shall be calculated based on the relevant currency
exchange rate in effect on the date such Indebtedness was Incurred, in the case of term debt, or first committed, in the case of revolving credit debt; provided, however, that if such Indebtedness is Incurred to refinance other Indebtedness
denominated in a foreign currency, and such refinancing would cause the applicable U.S. dollar denominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such U.S.
dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such refinancing Indebtedness does not exceed the principal amount of such Indebtedness being refinanced, plus the amount of any
reasonable premium (including reasonable tender premiums), defeasance costs and any reasonable fees and expenses incurred in connection with the issuance of such new Indebtedness. The principal amount of any Indebtedness Incurred to refinance other
Indebtedness, if Incurred in a different currency from the Indebtedness being refinanced, shall be calculated based on the currency exchange rate applicable to the currencies in which such respective Indebtedness is denominated that is in effect on
the date of such refinancing. 
 A change in GAAP that results in an obligation existing at the time of such change, which is not at the
time of such change classified as Indebtedness, becoming Indebtedness will not be deemed to be an Incurrence of Indebtedness. 

Section 10.9. Limitation on Restricted Payments. (a) Parent shall not, and shall not permit any of its Restricted
Subsidiaries to, directly or indirectly: 
 (1) declare or pay any dividend or make any distribution on or with respect to
Capital Stock of Parent or any Restricted Subsidiary of Parent held by Persons other than Parent or any of its Restricted Subsidiaries, other than (i) dividends or distributions payable solely in shares of Capital Stock of Parent or any of its
Restricted Subsidiaries (other than Disqualified Stock) and (ii) pro rata dividends or other distributions made by a Restricted Subsidiary that is not Wholly Owned to minority stockholders (or owners of equivalent interests in the event the
Subsidiary is not a corporation); 
 (2) purchase, redeem, retire or otherwise acquire for value any shares of Capital Stock
of Parent held by any Person, other than (i) Capital Stock held by Parent or a Restricted Subsidiary of Parent or (ii) solely in Capital Stock of Parent (other than Disqualified Stock); 

(3) make any voluntary or optional principal payment, or voluntary or optional redemption, repurchase, defeasance, or other
acquisition or retirement for value, of Indebtedness of the Issuers that is subordinated in right of payment to the Notes or Indebtedness of a Subsidiary Guarantor that is subordinated in right of payment to the Subsidiary Guarantee of such
Subsidiary Guarantor, in each case excluding (i) any intercompany Indebtedness between or among Parent or any of its Restricted Subsidiaries and (ii) the payment, purchase, redemption, repurchase, defeasance, discharge, acquisition or
retirement of such subordinated Indebtedness in anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case due within one year of the date of such payment, purchase, redemption, repurchase,
defeasance, discharge, acquisition or retirement; or 
 (4) make an Investment, other than a Permitted Investment, in any
Person; 
 (such payments or any other actions described in clauses (1) through (4) above being collectively “Restricted Payments”)
if, at the time of, and after giving effect to, the proposed Restricted Payment: 
 (A) a Default or Event of Default shall
have occurred and be continuing, 

  
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 (B) the Issuers could not Incur at least $1.00 of Indebtedness in compliance with
both paragraphs (a) and (c) of Section 10.8, or 
 (C) the aggregate amount of all Restricted Payments made after
May 30, 2014 (and not returned or rescinded and subject to the last paragraph of this Section 10.9) shall exceed the sum of, without duplication: 

(i) 95% of the aggregate amount of the Funds From Operations (or, if the Funds From Operations is a loss, minus 100% of
the amount of such loss) accrued on a cumulative basis during the period (taken as one accounting period) beginning on the Spin-Off Effective Date and ending on the last day of the last fiscal quarter immediately preceding the Transaction Date for
which reports have been filed with the SEC or provided to the Trustee pursuant to Section 10.15 or for which internal financial statements are available, plus 

(ii) 100% of the aggregate Net Cash Proceeds, and the fair market value of property or assets or marketable securities,
received by Parent or the Partnership after May 30, 2014 from the issuance and sale of its Capital Stock (other than Disqualified Stock) to a Person who is not a Subsidiary of Parent, including from an issuance or sale permitted by this
Indenture of Indebtedness or Disqualified Stock of Parent or any of its Restricted Subsidiaries subsequent to May 30, 2014 upon conversion, exercise or exchange of such Indebtedness or Disqualified Stock into or for Capital Stock (other than
Disqualified Stock) of Parent or the Partnership, plus, without duplication, the amount of any cash, and the fair market value of property or assets or marketable securities (excluding, for the avoidance of doubt, the securities converted or
exchanged), received by Parent or its Restricted Subsidiaries upon such conversion, exercise or exchange (in each case, exclusive of any Disqualified Stock), plus 

(iii) an amount equal to (I) the net reduction in Investments (other than reductions in Permitted Investments) in any
Person after May 30, 2014 resulting from payments of interest on Indebtedness, dividends or other distributions, repayments of loans or advances, or other transfers of assets, in each case to Parent or any of its Restricted Subsidiaries or from
the Net Cash Proceeds, and the fair market value of property or assets or marketable securities received, from the sale or other disposition of any such Investment (including, without limitation, through satisfaction, expiration, reduction, release,
repurchase, purchase, discharge, defeasance, retirement, redemption, repayment or cancellation of such Investment and sales of Capital Stock or other securities of such other Person) (except, in each case, to the extent any such payment or proceeds
are included in the calculation of Funds From Operations), and (II) with respect to any Unrestricted Subsidiary that has been redesignated as a Restricted Subsidiary or that has been merged or consolidated with or into, or which has transferred
or conveyed its assets to, or has been liquidated into, Parent or a Restricted Subsidiary of Parent, in each case after May 30, 2014, the amount of Parent’s and its Restricted Subsidiaries’ Investment in such Subsidiary (directly or
indirectly) as of the date of such redesignation, merger, consolidation, transfer, conveyance or liquidation (valued, in the case of each of clauses (I) and (II), as provided in the definition of “Investments”), not to exceed, in each
case, the amount of Investments previously made by Parent and its Restricted Subsidiaries in such Person or Unrestricted Subsidiary and treated as a Restricted Payment, plus 

(iv) the fair market value of property or assets or Capital Stock representing interests in Persons (other than that of Parent
or the Partnership) acquired in exchange for an issuance of Capital Stock (other than Disqualified Stock or Capital Stock issued in exchange for Capital Stock of Parent or the Partnership utilized pursuant to clause (3) or (4) of
Section 10.9(c)) of Parent or the Partnership subsequent to May 30, 2014, plus 
 (v) without duplication,
in the event Parent or any Restricted Subsidiary of Parent makes any Investment in a Person that, as a result of or in connection with such Investment, becomes (including by redesignation) a Restricted Subsidiary of Parent, an amount not to exceed
the amount of Investments previously made by Parent and its Restricted Subsidiaries in such Person and that was treated as a Restricted Payment. 

  
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 (b) Notwithstanding Section 10.9(a), Parent and any of its Restricted Subsidiaries may
declare or pay any dividend or make any distribution or take other action (that would have otherwise been a Restricted Payment) which the Board of Directors of Parent believes in good faith is necessary to (i) maintain Parent’s status as a
real estate investment trust under the Code or (ii) avoid any excise tax or any income tax imposed on Parent, in each case including, but not limited to, pro rata dividends or other distributions by the Partnership to minority unitholders as a
result of a distribution from the Partnership to Parent for the purpose of funding any such dividend, distribution or other action; provided that no Default or Event of Default shall have occurred and be continuing. 

(c) Sections 10.9(a) and 10.9(b) shall not be violated by reason of: 

(1) the payment of any dividend or distribution or the consummation of any redemption within 60 days after the date of
declaration thereof or the giving of a redemption notice related thereto, as the case may be, if, at the date of declaration or notice, such payment would comply with Section 10.9(b); 

(2) the payment, repayment, purchase, redemption, repurchase, defeasance, discharge or other acquisition or retirement for
value of Indebtedness that is subordinated in right of payment to the Notes or to a Note Guarantee including premium, if any, and accrued and unpaid interest, with the proceeds of, or in exchange for, Indebtedness Incurred under
Sections 10.8(a), (b) and (c) or Section 10.8(d)(14); 
 (3) (a) the making of any Restricted
Payment in exchange for, or out of the proceeds of the substantially concurrent sale of, Capital Stock of Parent or the Partnership (other than any Disqualified Stock or any Capital Stock sold to a Restricted Subsidiary of Parent or to an employee
stock ownership plan or any trust established by Parent) or from substantially concurrent contributions to the equity capital of Parent or the Partnership (collectively, including any such contributions, “Refunding Capital Stock”)
(with any sale or contribution within 60 days deemed as substantially concurrent); and (b) the declaration and payment of accrued dividends (and any premium) on any Capital Stock redeemed, repurchased, purchased, retired, defeased,
discharged or acquired out of the proceeds of the sale of Refunding Capital Stock within 60 days of such sale; provided, that the amount of any such proceeds or contributions that are utilized for any Restricted Payment pursuant to this
clause (3) shall be excluded from the amount described in Section 10.9(a)(C)(ii); 
 (4) the making of any
principal payment on, or the repayment, repurchase, purchase, redemption, retirement, defeasance, discharge or other acquisition for value of Indebtedness of the Issuers that is subordinated in right of payment to the Notes or Indebtedness of a
Guarantor that is subordinated in right of payment to the Note Guarantee of such Guarantor, including premium, if any, and accrued and unpaid interest, in exchange for, or out of the proceeds of an issuance of, shares of Capital Stock (other than
Disqualified Stock) of Parent or the Partnership or from contributions to the equity capital of Parent or the Partnership, in each case within 90 days of such principal payment, repayment, repurchase, purchase, redemption, retirement,
defeasance, discharge or other acquisition; 
 (5) payments or distributions to dissenting holders of limited partnership
units of the Partnership or stockholders of Parent or any direct or indirect parent company of the Partnership pursuant to applicable law pursuant to or in connection with a consolidation, merger or transfer of assets that complies with
Section 14.1; 
 (6) the repurchase, purchase, redemption or other acquisition or retirement for value of any shares of
Capital Stock of Parent held by any current or former officer, director, consultant or employee or manager of Parent or any of its Restricted Subsidiaries (or any permitted transferees, assigns, estates, trusts or heirs of any of the foregoing);
provided, however, the aggregate amount paid by Parent and its Restricted Subsidiaries pursuant to this clause (6) shall not exceed $5.0 million in any calendar year (excluding for purposes of calculating such amount the
amount paid for Capital Stock repurchased, redeemed, acquired or retired with the cash proceeds from the repayment of outstanding loans previously made by Parent or a Restricted Subsidiary thereof for the purpose of financing the repurchase,
purchase, redemption or other acquisition or retirement of such Capital Stock), with unused amounts in any calendar year being carried over for up to two succeeding calendar year periods until used; provided further, that such amount in any
calendar year may be increased by an amount not to exceed: (A) the Net Cash Proceeds from the sale of Capital Stock (other than Disqualified Stock) of Parent, in each case, to officers, directors, consultants or

  
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employees or managers of Parent or any of its Restricted Subsidiaries that occurs after May 30, 2014, to the extent such cash proceeds (i) have not otherwise been applied to permit the
payment of any other Restricted Payment or (ii) are not attributable to loans made by Parent or a Restricted Subsidiary thereof for the purpose of financing the repurchase, purchase, redemption or other acquisition or retirement of such Capital
Stock, plus (B) the cash proceeds of key man life insurance policies received by Parent and its Restricted Subsidiaries after May 30, 2014, less (without duplication of clause (A)(i) above) (C) the amount of any
Restricted Payments previously made using the amounts from clause (A) and (B) of this clause (6); provided further, however, that cancellation of Indebtedness owing to Parent from any officer, director, consultant or employee
or manager of Parent or any Restricted Subsidiary thereof in connection with a repurchase of Capital Stock of Parent shall not be deemed to constitute a Restricted Payment for purposes of this Indenture; 

(7) the repurchase of Capital Stock deemed to occur (i) upon the exercise of options, rights, warrants or other
equivalents, or upon conversion or exchange, if such Capital Stock represents all or a portion of the exercise, conversion or exchange price thereof, and (ii) in connection with the withholding of a portion of the Capital Stock granted or
awarded to an officer, director, consultant or employee or manager to pay for the taxes payable by such officer, director, consultant or employee or manager upon such grant or award; 

(8) upon or in connection with or following the occurrence of a Change of Control (or similarly defined term in other
Indebtedness or Disqualified Stock) and, if applicable, within 90 days after completion of the Offer to Purchase (including the purchase of all Notes validly tendered and not withdrawn) pursuant to Section 10.7, any repayment, repurchase,
purchase, redemption, defeasance, discharge or other acquisition or retirement for value of any Indebtedness of the Issuers or any Guarantor that is subordinated in right of payment to the Notes or to any Note Guarantee, respectively, or any
Disqualified Stock that is required to be repurchased or redeemed or otherwise acquired pursuant to the terms thereof as a result of such Change of Control (or similarly defined term in other Indebtedness or Disqualified Stock), at a purchase price
not greater than 101% of the outstanding principal amount, accreted value or liquidation preference thereof (plus accrued and unpaid interest, dividends and liquidated damages, if any); 

(9) within 90 days after completion of any Offer to Purchase Notes pursuant to Section 10.11 (including the purchase
of all Notes tendered), any repayment, repurchase, purchase, redemption, defeasance, discharge or other acquisition or retirement for value of any Indebtedness of the Issuers or any Guarantor that is subordinated in right of payment to the Notes or
to any Note Guarantee, respectively, or any Disqualified Stock that is required to be repurchased or redeemed or otherwise acquired pursuant to the terms thereof as a result of such Asset Sale (or similarly defined term in such other Indebtedness),
at a purchase price not greater than 100% of the outstanding principal amount, accreted value or liquidation preference thereof (plus accrued and unpaid interest, dividends and liquidated damages, if any); 

(10) the payment of cash in lieu of the issuance of fractional shares of Capital Stock upon exercise, exchange or conversion of
securities exercisable, exchangeable or convertible into Capital Stock of Parent or the Partnership; 
 (11) Restricted
Payments made pursuant to any Spin-Off Agreement or otherwise in connection with the Spin-Off and the other transactions and fees and expenses related thereto; 

(12) the Purging Distribution; 

(13) the declaration of or payment of any cash dividend or other distribution in respect of Capital Stock of Parent or any
other direct or indirect parent company of the Issuers constituting Preferred Stock, so long as the Interest Coverage Ratio contemplated by Section 10.8(c) would be greater than or equal to 2.0 to 1.0 after giving effect to such payment;
provided that at the time of payment of such dividend or distribution no Default or Event of Default shall have occurred and be continuing (or would result therefrom); 

  
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 (14) the declaration and payment of dividends to holders of any class or series
of Designated Preferred Stock (other than Disqualified Stock) issued by the Partnership or Parent after the Closing Date; provided that the amount of dividends pursuant to this clause (14) shall not exceed the aggregate amount
of cash actually received by the Partnership or Parent from the sale of such Designated Preferred Stock; provided that, at the time of payment of such dividend, no Default or Event of Default shall have occurred and be continuing (or would result
therefrom); 
 (15) Restricted Payments made pursuant to an exchange of or conversion into Capital Stock of Parent, including
the redemption of Common Units for Common Stock of Parent pursuant to the terms of the Partnership Agreement; 
 (16) the
declaration and payment of dividends to holders of Disqualified Stock issued in accordance with this Indenture; 
 (17) the
distribution, as a dividend or otherwise, of Capital Stock of, or Indebtedness owed to Parent or a Restricted Subsidiary of Parent by, Unrestricted Subsidiaries; 

(18) to the extent constituting Restricted Payments, payments to counterparties under Hedging Obligations; 

(19) (i) the making of cash payments in connection with any conversion or purchase of Convertible Indebtedness in an
aggregate amount since May 30, 2014 not to exceed the sum of (a) the principal amount of such Convertible Indebtedness and any accrued and unpaid interest thereon plus (b) any payments received by Parent pursuant to the
exercise, settlement, unwinding or termination of any related Permitted Bond Hedge Transaction; and (ii) (a) any payments in connection with a Permitted Bond Hedge Transaction and (b) the exercise, settlement, unwinding or termination
of any related Permitted Warrant Transaction (I) by delivery of shares of Common Stock of Parent upon settlement thereof, (II) by (A) set-off against the related Permitted Bond Hedge Transaction or (B) payment of an early
termination amount thereof in Common Stock upon any early termination thereof or (III) by a cash payment not to exceed the amount received upon any exercise, settlement, unwinding or termination of a related Permitted Bond Hedge Transaction;
and 
 (20) additional Restricted Payments in an aggregate amount not to exceed the greater of $50.0 million and 5.0% of
Parent’s Adjusted Total Assets; 
 provided, however, that, except in the case of clauses (1) and (3), no Default or Event of Default shall
have occurred and be continuing or occur as a direct consequence of the actions or payments set forth therein. 
 (i) The net amount of any
Restricted Payment permitted pursuant to Section 10.9(b) and Section 10.9(c)(1) shall be included in calculating the amount available for Restricted Payments, if any, pursuant to Section 10.9(a)(C) with respect to any subsequent
Restricted Payments. The amount of any Restricted Payment permitted pursuant to clauses (2) through (20) of the immediately preceding paragraph shall be excluded in calculating the amount available for Restricted Payments, if any, pursuant to
Section 10.9(a)(C) with respect to any subsequent Restricted Payments. The net amount of all Restricted Payments or portion thereof (other than cash) shall be the fair market value on the date of the Restricted Payment of the asset(s) or
securities proposed to be transferred or issued to or by Parent or such Restricted Subsidiary, as the case may be, pursuant to the Restricted Payment. In determining whether any Restricted Payment is permitted by this Section 10.9, Parent and
its Restricted Subsidiaries may allocate all or any portion of such Restricted Payment among the categories described in clauses (1) through (20) of the immediately preceding paragraph or among such categories and the types of Restricted
Payments described in Section 10.9(a) (including categorization in whole or in part as a Permitted Investment); provided that, at the time of such allocation, all such Restricted Payments, or allocated portions thereof, would be
permitted under the various provisions of this Section 10.9. 
 Section 10.10. Maintenance of Total Unencumbered Assets.
The Issuers and their Restricted Subsidiaries shall maintain at all times Total Unencumbered Assets of not less than 150% of the aggregate outstanding principal amount of the Unsecured Indebtedness of the Issuers and their Restricted Subsidiaries on
a consolidated basis. 

  
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 Section 10.11. Limitation on Asset Sales. (a) The Parent shall not, and shall
not permit any of its Restricted Subsidiaries to, consummate any Asset Sale, unless: 
 (1) the consideration received (or to
be received) by Parent or such Restricted Subsidiary is at least equal to the fair market value (determined at the time of contractually agreeing to such Asset Sale) of the assets or Capital Stock sold or disposed of; and 

(2) at least 75% of the consideration received (or to be received) consists of cash, Temporary Cash Investments or Replacement
Assets, or a combination of cash, Temporary Cash Investments or Replacement Assets; provided, however, that, with respect to the sale of one or more properties up to 75% of the consideration may consist of Indebtedness of the purchaser
of such properties so long as such Indebtedness is secured by a first priority Lien on the property or properties sold. 
 (b) For purposes
of this Section 10.11, each of the following shall be deemed to be cash: 
 (1) any liabilities of Parent or any
Restricted Subsidiary of Parent (as shown on the most recent consolidated balance sheet of Parent and its Restricted Subsidiaries or in the footnotes thereto, or if Incurred or accrued subsequent to the date of such balance sheet, such liabilities
that would have been shown on Parent’s or such Restricted Subsidiary’s balance sheet or in the footnotes thereto if such Incurrence or accrual had taken place on the date of such balance sheet, in each case other than contingent
liabilities and liabilities that are by their terms subordinated to the Notes or any Note Guarantee) that are assumed by the transferee of any such assets pursuant to an agreement that releases Parent or any such Restricted Subsidiary from further
liability with respect to such liabilities or that are assumed by contract or operation of law; 
 (2) any securities, notes
or other obligations received (or to be received) by Parent or any such Restricted Subsidiary from such transferee that are converted by the Issuers or such Restricted Subsidiary into cash or Temporary Cash Investments within 180 days of receipt (to
the extent of the cash or Temporary Cash Investments received in that conversion); and 
 (3) any Designated Non-cash
Consideration received by Parent or any such Restricted Subsidiary having an aggregate fair market value, taken together with all other Designated Non-cash Consideration received pursuant to this clause (c) that is at that time outstanding, not
to exceed the greater of (i) $25.0 million and (ii) an amount equal to 2.0% of Parent’s Adjusted Total Assets, with the fair market value of each item of Designated Non-cash Consideration being measured at the time received and
without giving effect to subsequent changes in value; and 
 (4) any stock or assets of the kind referred to in
clauses (2), (5) or (6) of Section 10.11(c). 
 (c) Within 365 days after the receipt of any Net Cash Proceeds from an Asset
Sale, the Parent or any such Restricted Subsidiary may apply such Net Cash Proceeds to: 
 (1) prepay, repay, redeem,
defease, discharge, repurchase or purchase Pari Passu Indebtedness of an Issuer or a Guarantor that is Secured Indebtedness (in each case other than Indebtedness owed to Parent or an Affiliate of Parent); 

(2) make an Investment in (provided such Investment is in the form of Capital Stock), acquire all or substantially all
of the assets of, a Person engaged in a Permitted Business if such Person is, or will become as a result thereof, a Restricted Subsidiary of Parent or acquire Permitted Mortgage Investments; 

(3) prepay, repay, redeem, defease, discharge, repurchase or purchase Pari Passu Indebtedness of an Issuer or of any Subsidiary
Guarantor or any Indebtedness of a Restricted Subsidiary of Parent that is not an Issuer or a Subsidiary Guarantor; provided, however, that if Parent, the Issuers or a Subsidiary Guarantor shall so prepay, repay, redeem, defease,
discharge or purchase any such Pari Passu Indebtedness of the Issuers or of any Subsidiary Guarantor, the Issuers will equally and ratably reduce obligations under the Notes through (x) open market purchases (to the extent such purchases are at
or above 100% of the 

  
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principal amount thereof), (y) as provided under Section 5 or Section 6 of the Notes or (z) by making an Offer to Purchase (in accordance with the procedures set forth below)

 (4) fund (x) all or a portion of an optional redemption of the Notes as described in Section 5 or Section 6
of the Notes (y) open market purchases of the Notes (to the extent such purchases are at or above 100% of the principal amount thereof) or (z) an Offer to Purchase (in accordance with the procedures set forth below); 

(5) make a capital expenditure; 

(6) acquire Replacement Assets to be used or that are useful in a Permitted Business; or 

(7) any combination of the foregoing; 

provided, that Parent will be deemed to have complied with the provisions described in clauses (2), (5) and (6) of this Section 10.11(c) if
and to the extent that, within 365 days after the Asset Sale that generated the Net Cash Proceeds, Parent or any of its Restricted Subsidiaries has entered into and not abandoned or rejected a binding agreement to apply such Net Cash Proceeds
in compliance with the provisions described in clauses (2), (5) and (6) of this Section 10.11(c), and such application of such Net Cash Proceeds is thereafter completed within 180 days after the end of such 365-day period. Pending the
final application of any such Net Cash Proceeds, Parent may temporarily reduce the revolving Indebtedness under any Credit Facility or otherwise invest such Net Cash Proceeds in any manner that is not prohibited by this Indenture. The amount of such
Net Cash Proceeds not applied (or to be committed to be applied) as set forth in this Section 10.11(c) by the end of the applicable period shall constitute “Excess Proceeds.” 

(d) If, as of the first day of any calendar month, the aggregate amount of Excess Proceeds not previously subject to an Offer to Purchase
pursuant to this Section 10.11 totals at least $25.0 million, the Issuers must commence, not later than the fifteenth Business Day of such month, and consummate an Offer to Purchase from the Holders and, to the extent required by the terms
of any Pari Passu Indebtedness, to all holders of such Pari Passu Indebtedness on a pro rata basis an aggregate principal amount of Notes (and Pari Passu Indebtedness, as applicable) equal to the Excess Proceeds on such date, at a purchase
price equal to 100% of the principal amount of the Notes (and Pari Passu Indebtedness or such lesser price provided in the terms of such Pari Passu Indebtedness), plus, in each case, accrued and unpaid interest (if any) to, but not including,
the Payment Date. If any Excess Proceeds remain after consummation of an Offer to Purchase, Parent may use such Excess Proceeds for any purpose not prohibited by this Indenture. If the aggregate purchase price of the Notes and the other Pari Passu
Indebtedness validly tendered (and not withdrawn) into such Offer to Purchase exceeds the amount of Excess Proceeds, Parent shall select the Notes and such other Pari Passu Indebtedness (to the extent such selection is not prohibited by the terms
thereof) to be purchased on a pro rata basis but in round denominations, which in the case of the Notes will be denominations of $2,000 initial principal amount and multiples of $1,000 thereafter. Upon completion of each Offer to Purchase, the
amount of Excess Proceeds related to such Asset Sale Offer to Purchase shall be reset at zero. Parent may satisfy the foregoing obligation with respect to any Net Cash Proceeds prior to the expiration of the relevant 365-day period (as such period
may be extended as described in Section 10.11(c)). Nothing in this Section 10.11(d) shall preclude the Issuers from making an Offer to Purchase even if the amount of Excess Proceeds not previously subject to an Offer to Purchase pursuant
to this Section 10.11 totals less than $25.0 million. 
 (e) To the extent that the provisions of any securities laws or
regulations conflict with the Asset Sale provisions of this Indenture, the Issuers shall comply with the applicable securities laws and regulations and shall not be deemed to have breached their obligations under the Asset Sale provisions of this
Indenture by virtue of such compliance. 
 Section 10.12. Limitation on Transactions with Affiliates. (a) The Parent shall
not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into, renew or extend any transaction (including the purchase, sale, lease or exchange of property or assets, or the rendering of any service) with any
Affiliate of Parent or any of its Restricted Subsidiaries, in each case involving consideration in excess of $2.5 million, except upon terms that are not materially less favorable to Parent or such Restricted Subsidiary than could be obtained,
at the time of such transaction or, if such transaction is pursuant to a written agreement, at the time of 

  
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the execution of the agreement providing therefor, in a comparable arm’s length transaction (to the extent there is such a transaction) with a Person that is not such an Affiliate. 

(b) The limitation set forth in Section 10.12(a) does not limit, and shall not apply to: 

(1) transactions (A) approved by a majority of the disinterested directors of the Board of Directors of Parent or
(B) for which Parent or any Restricted Subsidiary of Parent delivers to the Trustee a written opinion of a nationally recognized investment banking, appraisal or accounting firm stating that the transaction is fair to Parent or such Restricted
Subsidiary from a financial point of view; 
 (2) any transaction solely between or among Parent and any of its Restricted
Subsidiaries or solely between or among Restricted Subsidiaries of Parent (in each case, including any entity that becomes (including by redesignation) a Restricted Subsidiary of Parent as a result of such transaction); 

(3) the payment of reasonable fees and compensation to, and indemnification, reimbursement of expenses and similar arrangements
on behalf of, current, former or future directors of Parent or any Restricted Subsidiary of Parent; 
 (4) the issuance or
sale of Capital Stock (other than Disqualified Stock) of Parent or the Partnership; 
 (5) any Restricted Payments not
prohibited by Section 10.9; 
 (6) any contracts, instruments or other agreements or arrangements in each case as in
effect on the Closing Date, and any transactions pursuant thereto or contemplated thereby, or any amendment, modification or supplement thereto or any replacement thereof entered into from time to time, as long as such agreement or arrangements as
so amended, modified, supplemented or replaced, taken as a whole, is not materially more disadvantageous to Parent and its Restricted Subsidiaries at the time executed than the original agreement or arrangements as in effect on the Closing Date;

 (7) any employment, consulting, service or termination agreement, or customary indemnification arrangements, entered into
by Parent or any Restricted Subsidiary of Parent with current, former or future directors, officers and employees of Parent or such Restricted Subsidiary and the payment of compensation and reimbursement of expenses and the providing of other
benefits (including retirement, health, disability, option, deferred compensation, insurance and other employment benefits) to such directors, officers and employees of Parent or any Restricted Subsidiary of Parent (including amounts paid pursuant
to employee benefit plans, employee stock option or similar plans and including issuances of Capital Stock or other securities, loans or other payments, grants and awards), in each case in the ordinary course of business; 

(8) loans and advances to officers and employees of Parent or any Restricted Subsidiary of Parent or guarantees in respect
thereof (or cancellation of such loans, advances or guarantees), for bona fide business purposes, including for reasonable moving and relocation, entertainment and travel expenses and similar expenses, made in the ordinary course of business; 

(9) transactions with a Person that is an Affiliate of Parent solely because Parent, directly or indirectly, owns Capital Stock
of, or controls such Person; 
 (10) any transaction with a Person who is not an Affiliate immediately before the
consummation of such transaction that becomes an Affiliate as a result of such transaction; 
 (11) payments to an Affiliate
in respect of the Notes or any other Indebtedness of the Issuers or any Restricted Subsidiary on the same basis as concurrent payments made or offered to be made in respect thereof to non-Affiliates, any contribution to the capital of Parent or its
Restricted Subsidiaries and the issuance of Capital Stock of Parent or its Restricted Subsidiaries and the granting of registration and other customary rights in connection therewith; 

(12) any transactions (a) pursuant to the Transactions or the Spin-Off Agreements, and any actions pursuant thereto or
contemplated thereby, (b) with Ensign or any of its Affiliates pursuant to the contracts 

  
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or agreements described in the Prospectus Supplement, via incorporation by reference or otherwise, or (c) in the case of each of clauses (a) and (b), any amendment, modification, or
supplement thereto or replacement thereof, as long as such agreement or arrangement, as so amended, modified, supplemented or replaced, taken as a whole, is not materially more disadvantageous to Parent and its Restricted Subsidiaries than the
original agreement or arrangement in existence on the Closing Date; 
 (13) the entering into or amending of any tax sharing,
allocation or similar agreement between Parent and the Partnership and any payments thereunder; 
 (14) transactions between
Parent or any of its Restricted Subsidiaries and any Person that would constitute an Affiliate Transaction solely because a director of such Person is also a director of Parent or any of its Restricted Subsidiaries or any direct or indirect parent
of Parent; provided, however, that such director abstains from voting as a director of Parent or such Restricted Subsidiary or such direct or indirect parent, as the case may be, on any matter involving such other Person; 

(15) transactions with joint ventures and Subsidiaries thereof and Unrestricted Subsidiaries relating to the provision of
management services, overhead or similar services or transactions that are approved by a majority of the disinterested members of Parent’s Board of Directors (a director shall be disinterested if he or she has no interest in such joint venture
or Unrestricted Subsidiary other than through Parent and its Restricted Subsidiaries); provided that no Affiliate of Parent (other than Parent’s Restricted Subsidiaries) has an interest (other than indirectly through Parent and other
than such joint venture or Unrestricted Subsidiary) in any such joint venture or Unrestricted Subsidiary; 
 (16) any
transaction with a joint venture, partnership, limited liability company or other entity that would constitute an Affiliate Transaction solely because Partnership or a Restricted Subsidiary owns an equity interest in such joint venture, partnership,
limited liability company or other entity; and 
 (17) pledges of Capital Stock of Unrestricted Subsidiaries. 

(c) Notwithstanding Sections 10.12(a) and 10.12(b), any transaction or series of related transactions covered by Section 10.12(a) and
not covered by clauses (2) through (17) of Section 10.12(b), the aggregate amount of which exceeds $10.0 million of consideration, shall be approved or determined to be fair in the manner provided for in Section 10.12(b)(1)(A) or
(B). 
 Section 10.13. Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. (a) The
Issuers will not, and will not permit any of their Restricted Subsidiaries to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary of the
Issuers to: 
 (1) pay dividends or make any other distributions permitted by applicable law on any Capital Stock of such
Restricted Subsidiary owned by the Issuers or any other Restricted Subsidiary of the Issuers; 
 (2) pay any Indebtedness
owed to the Issuers or any other Restricted Subsidiary of the Issuers; 
 (3) make loans or advances to the Issuers or any
other Restricted Subsidiary of the Issuers; or 
 (4) transfer its property or assets to the Issuers or any other Restricted
Subsidiary of the Issuers. 
 (b) Section 10.13(a) shall not restrict any encumbrances or restrictions: 

(1) existing under, by reason of or with respect to, this Indenture, the Notes, the Note Guarantees, the Credit Agreement, any
Existing Indebtedness, any other agreement in effect on the Closing Date as in effect on the Closing Date, and any Spin-Off Agreement as in effect on the Closing Date, and any amendments, modifications, restatements, extensions, increases,
supplements, refundings, refinancing, renewals or replacements of such agreements; provided, however, that the encumbrances and restrictions in any such amendments, modifications, restatements, extensions, increases, supplements,
refundings, refinancing, renewals or replacements are not materially more restrictive, taken as a whole, with respect to 

  
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such dividend or other payment restrictions than those contained in those agreements on the Closing Date or such other date, as applicable; 

(2) existing under, by reason of or with respect to any Credit Facility or other Indebtedness permitted under this Indenture
(and not included in clause (1) above); provided, however, that the encumbrances and restrictions contained in the agreement or agreements governing such Credit Facility or other Indebtedness (x) (A) are not materially
more restrictive, taken as a whole, than those contained in the Credit Agreement (with respect to other credit agreements or Indebtedness other than under an indenture and other than Permitted Mortgage Indebtedness or other mortgage Indebtedness) or
this Indenture (with respect to other indentures), in each case, as in effect on the Closing Date, or (B) with respect to Permitted Mortgage Indebtedness or other mortgage Indebtedness, (i) are not materially more disadvantageous to the
Holders than is customary in comparable financings and (ii) will not materially affect the Issuers’ ability to make principal or interest payments on the Notes (in each case as determined by Parent in good faith at the time any such
Indebtedness is Incurred (and at the time of any modification of the terms of any such encumbrance or restriction)) or (y) apply only during the occurrence of an event of default with respect to such Credit Facility or other Indebtedness; 

(3) existing under, by reason of or with respect to applicable law, rule, regulation, decree or administrative or court order
or contained in any license, permit or other accreditation with a regulatory authority entered into in the ordinary course of business; 

(4) existing with respect to any Person (including Indebtedness or Capital Stock of such Person) or the property or assets of
such Person acquired by Parent or any Restricted Subsidiary of Parent (or any such Person that otherwise becomes a Restricted Subsidiary of Parent including by designation or by merger or consolidation or sale of all or substantially all of its
assets into or to Parent or another Restricted Subsidiary of Parent), existing at the time of such acquisition (or such Person so becoming a Restricted Subsidiary of Parent) and not incurred in contemplation thereof, which encumbrances or
restrictions are not applicable to any Person or the property or assets of any Person other than such Person or the property or assets of such Person so acquired (or such Restricted Subsidiary) and any amendments, modifications, restatements,
extensions, increases, supplements, refundings, refinancing, renewals or replacements thereof; provided, however, that the encumbrances and restrictions in any such amendments, modifications, restatements, extensions, increases,
supplements, refundings, refinancing, renewals or replacements are entered into in the ordinary course of business or not materially more restrictive, taken as a whole, than those contained in the instruments or agreements with respect to such
Person or its property or assets as in effect on the date of such acquisition (or such Person so becoming a Restricted Subsidiary of Parent); 

(5) existing under, by reason of or with respect to provisions in joint venture, operating or similar agreements entered into
in connection with a Permitted Business and customary provisions in leases entered into in the ordinary course of business; 

(6) in the case of Section 10.13(a)(4): 

(i) that restrict in a customary manner the subletting, assignment or transfer of any property or asset that is subject to, or
that is, a lease, license, conveyance or contract or similar property or asset, 
 (ii) other encumbrances or restrictions
contained in or with respect to the Master Leases and the properties subject thereto, 
 (iii) existing by virtue of any
transfer of, agreement to transfer, option or right with respect to, or Lien on, any property or assets of Parent or any Restricted Subsidiary of Parent not otherwise prohibited by this Indenture, 

(iv) existing under, by reason of or with respect to (i) purchase money obligations for property acquired in the ordinary
course of business or (ii) capital leases or operating leases, including purchase money Indebtedness, Capitalized Lease Obligations and other Indebtedness permitted to be Incurred under Section 10.8(d)(17), that impose encumbrances or
restrictions on 

  
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the property so acquired or covered thereby, or (iii) a contract with respect to an Asset Sale, Sale and Leaseback Transaction, stock sale agreement or other transfer, conveyance or
disposition permitted under this Indenture, which encumbrances or restrictions are applicable only to the property, assets or Capital Stock that are the subject of such contracts, or 

(v) arising or agreed to in the ordinary course of business, not relating to any Indebtedness, and that do not, individually or
in the aggregate, detract from the value of property or assets of Parent or any Restricted Subsidiary of Parent in any manner material to Parent and its Restricted Subsidiaries taken as a whole; 

(7) with respect to a Restricted Subsidiary and imposed pursuant to an agreement that has been entered into for the sale or
disposition of the Capital Stock of, or property and assets of, such Restricted Subsidiary that restricts distributions by that Restricted Subsidiary pending the closing of such sale or other disposition; 

(8) existing under, by reason of or with respect to Indebtedness permitted to be Incurred pursuant Section 10.8(d)(14), or
other Permitted Refinancing Indebtedness permitted to be Incurred under, Section 10.8; provided, that the encumbrances and restrictions contained in the agreements governing such Indebtedness are not materially more restrictive, taken as
a whole, than those contained in the agreements governing the Indebtedness being refinanced; 
 (9) contained in the terms of
any Indebtedness or any agreement pursuant to which such Indebtedness was issued if: 
 (i) the encumbrance or restriction
applies only in the event of a payment default or a default with respect to a financial covenant contained in such Indebtedness or agreement, 

(ii) the encumbrance or restriction is not materially more disadvantageous to the Holders than is customary in comparable
financings (as determined by the good faith judgment of Parent), and 
 (iii) Parent, in its good faith, determines that such
an encumbrance or restriction will not materially affect the Issuers’ ability to make principal or interest payments on the Notes; 

(10) any encumbrance or restriction pursuant to Hedging Obligations or under Permitted Non-Recourse Guarantees; 

(11) restrictions on deposits made to secure letters of credit or surety or other bonds issued in connection therewith or
deposits made in the ordinary course of business with respect to insurance premiums, worker’s compensation, statutory obligations, utility deposits, rental obligations, unemployment insurance, performance of tenders, surety and appeal bonds and
other similar obligations (or to secure letters of credit or surety or other bonds relating thereto); 
 (12) restrictions on
the ability of any Restricted Subsidiary to make Investments in or transfer assets to any Person that is not a Subsidiary of such Restricted Subsidiary or that is not a direct or indirect parent of such Restricted Subsidiary; and 

(13) any encumbrances or restrictions of the type referred imposed by any amendments, modifications, restatements, renewals,
increases, supplements, refundings, restructurings, replacements or other refinancings of those agreements, instruments or obligations referred to in clauses (1) through (12) above, provided that the amendments, modifications,
restatements, renewals, increases, supplements, refundings, restructurings, replacements or other refinancings are no more restrictive, taken as a whole, with respect to such encumbrances or restrictions than those contained in those agreements
prior to such amendment, modification, restatement, renewal, increase, supplement, refunding, restructuring, replacement or other refinancing. 

  
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 (c) Nothing contained in this Section 10.13 shall prevent Parent or any Restricted
Subsidiary of Parent from (i) restricting the sale or other disposition of property or assets of Parent or any of its Restricted Subsidiaries that secure Indebtedness of the Issuers or any of their Restricted Subsidiaries or (ii) creating,
Incurring, assuming or suffering to exist any Liens otherwise permitted by this Indenture. For purposes of determining compliance with this Section 10.13, (1) the priority of any Preferred Stock in receiving dividends or liquidating
distributions prior to distributions being paid on Common Stock shall not be deemed a restriction on the ability to make distributions on Capital Stock, and (2) the subordination of loans or advances made to a Restricted Subsidiary to other
Indebtedness Incurred by such Restricted Subsidiary, or other subordination provisions in any Indebtedness, shall not be deemed a restriction on the ability to make loans or advances. 

Section 10.14. Future Note Guarantees by Restricted Subsidiaries. (a) Parent will not permit any Domestic Restricted
Subsidiary of the Issuers to guarantee any Indebtedness under the Credit Agreement, any other syndicated loan facility or any capital markets Indebtedness of the Issuers or a Subsidiary Guarantor (“Guaranteed Indebtedness”), unless
such Restricted Subsidiary within 30 calendar days after so guaranteeing such Guaranteed Indebtedness executes and delivers a supplemental indenture to this Indenture substantially in the form of Exhibit B hereto providing for a
Subsidiary Guarantee by such Restricted Subsidiary; provided, however, that this Section 10.14(a) shall not be applicable to any guarantee of any Person that existed (or any other guarantee required pursuant to the terms of any
Acquired Indebtedness of any Person, which Acquired Indebtedness existed) at the time such Person became (including by redesignation) a Restricted Subsidiary of, or was merged into, the Issuers or a Restricted Subsidiary and was not Incurred in
connection with, or in contemplation of, such person becoming a Restricted Subsidiary. Parent may elect, in its sole discretion, to cause any Subsidiary that is not otherwise required to be a Subsidiary Guarantor to become a Subsidiary Guarantor, in
which case such Subsidiary shall not be required to comply with the 30 calendar day period described above. For the avoidance of doubt, Indebtedness of a Person that is guaranteed by an Issuer or a Subsidiary Guarantor shall not be deemed to be
Guaranteed Indebtedness solely as a result of such guarantee by such Issuer or Subsidiary Guarantor. 
 (b) If the Guaranteed Indebtedness:

 (i) ranks equally with the Notes (or the applicable Subsidiary Guarantee) in right of payment, then the guarantee of such
Guaranteed Indebtedness shall rank equally with, or subordinate to, the Subsidiary Guarantee issued pursuant to this Section 10.14 in right of payment; or 

(ii) is subordinate in right of payment to the Notes (or the applicable Subsidiary Guarantee), then the guarantee of such
Guaranteed Indebtedness shall be subordinated in right of payment to the Subsidiary Guarantee issued pursuant to this Section 10.14 at least to the extent that the Guaranteed Indebtedness is subordinated to the Notes (or the applicable
Subsidiary Guarantee). 
 Section 10.15. Reports to Holders. (a) Whether or not Parent is then required to file reports
with the SEC, Parent shall file with the SEC (i) all quarterly and annual reports that would be required to be filed with the SEC on Forms 10-Q and 10-K if the
Parent were required to file such reports and (ii) all current reports that would be required to be filed with the SEC on Form 8-K if the Parent were required to file such reports (including giving
effect to any extension period under Rule 12b-25 under the Exchange Act) if it was subject thereto; provided, however, that, if filing such documents by Parent with the SEC is not permitted
under the Exchange Act, Parent (x) shall, within 15 days after the time Parent would be required to file such information with the SEC if it were subject to Section 13 or 15(d) under the Exchange Act (including giving effect to any
extension period under Rule 12b-25 under the Exchange Act), provide such documents and reports to the Trustee and upon written request supply copies of such documents and reports to any Holder (which in
each case may be delivered pursuant to applicable Depository procedures) and (y) shall post such documents and reports on a website (which may be non-public) to which any Holder, prospective investor, securities analysts and market makers are
given access; provided, however, that the Trustee shall have no liability whatsoever to determine if such materials have been so posted. Notwithstanding the foregoing, if the Parent satisfies its obligations in the preceding sentence
by posting documents and reports on a website (other than pursuant to the SEC’s EDGAR service or similar service), (a) the Parent will not be required to furnish any information, certificates or reports required by
(i) Section 302 or Section 404 of the Sarbanes-Oxley Act of 2002, or related Items 307 or 308 of Regulation S-K, (ii) Regulation G or Item 10(e) of Regulation S-K promulgated by the SEC with respect to any non-GAAP financial measures contained therein, or 

  
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(iii) Rule 3-09 of Regulation S-X, (b) such reports will not be required to contain the separate financial information contemplated by Rule 3-10 or Rule 3-16 of Regulation S-X and (c) such reports shall not be required to present compensation or
beneficial ownership information. 
 The availability of the foregoing materials on the SEC’s EDGAR service (or any successor thereto)
shall be deemed to satisfy Parent’s obligations to furnish such materials to the Trustee or the Holders; provided, however, that the Trustee shall have no obligation whatsoever to determine whether or not such information,
documents or reports have been filed pursuant to the EDGAR service (or its successor). 
 Delivery of such reports, information and
documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including compliance
by the Issuers with any of the covenants under this Indenture or by the Guarantors with any covenants hereunder (as to which in each case the Trustee is entitled to rely exclusively on officers’ certificates). The Trustee shall not be obligated
to monitor or confirm, on a continuing basis or otherwise, our compliance with the covenants or with respect to any reports or other documents filed with the SEC or website under this Indenture, or participate in any conference calls. Delivery of
reports to the Trustee shall not constitute knowledge of, or notice to, the Trustee of the information contained therein. 
 In the event
that another parent entity of the Issuers becomes a Guarantor of the Notes, the obligations to furnish the reports and other information described above may be satisfied by furnishing such reports filed by, or such information of, such other parent
Guarantor, and the availability of such other parent Guarantor’s information on the SEC’s EDGAR service (or any successor thereto) shall be deemed to satisfy such obligations. 

(b) So long as not prohibited by the SEC, at any time that either (x) one or more Subsidiaries of Parent is an Unrestricted Subsidiary or
(y) Parent holds directly any material assets (including Capital Stock) other than the Capital Stock of the Issuers and, in either case, such Unrestricted Subsidiary or other assets taken together would represent 5% or more of the Total Assets
of Parent and its Subsidiaries as of the latest quarterly financial statements, then the quarterly and annual financial information required by this Section 10.15 will include a reasonably detailed presentation, either in
“Management’s Discussion and Analysis of Financial Condition and Results of Operations” or any other comparable section, of the financial condition and results of operations of the Issuers and their Restricted Subsidiaries separate
from the financial condition and results of operations of such Unrestricted Subsidiaries and other material assets of Parent. 
 (c) Parent
shall also, within a reasonably prompt period of time following the disclosure of the annual and quarterly information required above, conduct a conference call with respect to such information and results of operations for the relevant reporting
period; provided that the foregoing obligation shall be satisfied to the extent such conference call, to which Holders have access, is conducted with Parent’s public stockholders. No fewer than three Business Days prior to the later of
(i) the disclosure of the annual, quarterly and periodic information required above and (ii) the date of the conference call required to be held in accordance with the preceding sentence, Parent shall issue a press release to the
appropriate internationally recognized wire services announcing the date that such information will be available and the time and date of such conference call. 

(d) Notwithstanding anything herein to the contrary, Parent will not be deemed to have failed to comply with any of its obligations under this
Section 10.15 for purposes of Section 5.1(4) until 30 days after the date any report is required to be filed or provided pursuant to this Section 10.15. 

Section 10.16. Suspension of Covenants. During a Suspension Period, the Parent and its Restricted Subsidiaries shall not be
subject to Section 10.8, 10.9, 10.10, 10.11, 10.12, 10.13, 10.14 or 14.1(a)(3) (each a “Suspended Covenant”). All other provisions of this Indenture shall apply at all times during any Suspension Period so long as any Notes
remain outstanding hereunder. 
 “Suspension Period” means any period (1) beginning on the date that: 

(A) the Notes have Investment Grade Status; 

(B) no Default or Event of Default has occurred and is continuing; and 

  
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 (C) the Issuers have delivered an Officer’s Certificate to the Trustee
certifying that the conditions set forth in clauses (A) and (B) above are satisfied; 
 and (2) ending on the date
(the “Reversion Date”) that the Notes cease to have Investment Grade Status. 
 During a Suspension Period, Parent’s
Board of Directors may not designate any of its Subsidiaries as Unrestricted Subsidiaries pursuant to the definition of “Unrestricted Subsidiary.” 

On each Reversion Date, all Indebtedness, Liens and dividend and other payment restrictions Incurred during the Suspension Period prior to
such Reversion Date will be deemed to have been outstanding on the Closing Date. 
 On each Reversion Date, calculations under the
reinstated Section 10.9 will be made as if Section 10.9 had been in effect since the Closing Date; provided that no Default or Event of Default will be deemed to have occurred solely by reason of a Restricted Payment made while that
covenant was suspended; provided further, that the amount available to be made as a Restricted Payment shall not be reduced to below zero solely as a result of Restricted Payments made during the Suspension Period but may be reduced to below
zero as a result of negative cumulative Funds From Operations during the Suspension Period for the purpose of Section 10.9(a)(C)(i). 

For purposes of Section 10.11, on each Reversion Date, the unutilized Excess Proceeds shall be reset to zero. 

No Default or Event of Default will be deemed to have occurred on the Reversion Date (or thereafter) under any Suspended Covenant solely as a
result of any actions taken by Parent of any of its Restricted Subsidiaries, or events occurring, during the Suspension Period. For purposes of Section 10.10, if the Issuers and their Restricted Subsidiaries are not in compliance with
Section 10.10 as of a Reversion Date, no Default or Event of Default will be deemed to have occurred unless such noncompliance continues for 120 days following the Reversion Date, provided that neither the Issuers nor any of their
Restricted Subsidiaries shall Incur any Secured Indebtedness until such time that the requirements of Section 10.10 have been satisfied. 

Section 10.17. Limitations on the Activities of Capital Corp. Capital Corp will not hold any material assets, become liable
for any material obligations or engage in any significant business activities; provided that Capital Corp may be a co-obligor or guarantor with respect to Indebtedness if the Partnership is an obligor on such Indebtedness and the net proceeds of
such Indebtedness are received by (or applied at the direction of) the Partnership, Capital Corp or one or more Subsidiary Guarantors. At any time after the Partnership becomes a corporation by conversion, merger or otherwise, Capital Corp may
consolidate or merge with or into the Partnership or any Restricted Subsidiary of Parent (without such Restricted Subsidiary becoming a co-obligor in respect of the Notes).” 

ARTICLE ELEVEN 

REDEMPTION 

SECTION 11.01. Changes to Article 11 of the Base Indenture 

Sections 11.1 through 11.7 enumerated in Article 11 of the Base Indenture shall be deleted and replaced in their entirety by the
following: 
 “Section 11.1. Notices to Trustee. The Notes may be redeemed, in whole, or from time to time in part, subject to
the conditions and at the redemption prices set forth in Section 5 or Section 6 of the form of Notes set forth in Exhibit A hereto, which is hereby incorporated by reference and made a part of this Indenture, together with
accrued and unpaid interest to, if any, to but not including, the Redemption Date. If the Issuers elect to redeem Notes pursuant to Section 5 or Section 6 of the Notes, they shall notify the Trustee in writing of the Redemption Date, the
Redemption Price and the principal amount of Notes to be redeemed. The Issuers shall give notice of redemption to the Trustee at least 45 days but not more than 75 days before the Redemption Date (unless a shorter

  
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notice shall be agreed to by the Trustee in writing), together with such documentation and records as shall enable the Trustee to select the Notes to be redeemed. 

Section 11.2. Applicability of Article. Redemption or purchase of Notes as permitted by Section 11.1 shall be made in
accordance with this Article 11. 
 Section 11.3. Selection of Notes To Be Redeemed. If less than all of the Notes are to be
redeemed at any time pursuant to Section 5 or Section 6 of the Notes, the Trustee shall select Notes for redemption as follows: 

(x) in compliance with the requirements of the principal national securities exchange, if any, on which the Notes are then
listed; or 
 (y) if the Notes are not so listed, on a pro rata basis, by lot or by such method as the Trustee deems
fair and appropriate and in accordance with the Depository’s procedures; 
 No Notes of a principal amount of $2,000 or less shall be
redeemed in part, and no redemption shall result in a Holder holding a Note of a principal amount of less than $2,000. 
 Section 11.4.
Notice of Redemption. At least 30 days but not more than 60 days before a Redemption Date, the Issuers shall give a notice of redemption by first class mail, postage prepaid, or as otherwise provided in accordance with the
procedures of the Depository, to each Holder whose Notes are to be redeemed at its registered address, except that redemption notices may be given more than 60 days prior to a Redemption Date if the notice is issued in connection with a
defeasance of the Notes or a satisfaction and discharge of this Indenture with respect to the Notes pursuant to Article 4 and Article 13 hereof. In connection with any redemption of Notes (including with the Net Cash Proceeds of an Equity
Offering) any such redemption may, at the Issuers’ discretion, be subject to satisfaction of one or more conditions precedent, including any related Equity Offering. In addition, if such redemption or notice is subject to satisfaction of one or
more conditions precedent, such notice may state that, in the Issuers’ discretion, the Redemption Date may be delayed until such time as any or all such conditions shall be satisfied (or waived by the Issuers in their sole discretion), or such
redemption may not occur and such notice may be rescinded in the event that any or all such conditions shall not have been satisfied (or waived by the Issuers in their sole discretion) by the Redemption Date, or by the Redemption Date so delayed.
The Issuers shall provide written notice to the Trustee prior to the close of business one Business Day prior to the Redemption Date if any such redemption has been rescinded or delayed, and upon receipt the Trustee shall provide such notice to each
Holder of the Notes in the same manner in which the notice of redemption was given Each notice for redemption shall identify the Notes (including the CUSIP or ISIN number) to be redeemed and shall state: 

(1) the Redemption Date; 

(2) the Redemption Price plus accrued interest, if any, to, but not including, the Redemption Date; 

(3) the name and address of the Paying Agent; 

(4) that Notes called for redemption shall be surrendered to the Paying Agent to collect the Redemption Price plus accrued
interest, if any, to, but not including, the Redemption Date; 
 (5) that, unless the Issuers default in making the
redemption payment, interest on Notes called for redemption ceases to accrue on and after the Redemption Date, and the only remaining right of the Holders of such Notes is to receive payment of the Redemption Price upon surrender to the Paying Agent
of the Notes redeemed; 
 (6) if any Note is being redeemed in part, the portion of the principal amount of such Note to be
redeemed and that, after the Redemption Date, and upon surrender and cancellation of such Note, a new Note or Notes in aggregate principal amount equal to the unredeemed portion thereof will be issued; 

(7) if fewer than all the Notes are to be redeemed, the identification of the particular Notes (or portion thereof) to be
redeemed, as well as the aggregate principal amount of Notes to be redeemed and the aggregate principal amount of Notes to be outstanding after such partial redemption; and 

  
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 (8) the Section of the Notes or this Indenture, as applicable, pursuant to which
the Notes are to be redeemed. 
 The notice, if given in a manner herein provided, shall be conclusively presumed to have been given,
whether or not the Holder receives such notice. In any case, failure to give such notice or any defect in the notice to the Holder of any Note designated for redemption in whole or in part shall not affect the validity of the proceedings for the
redemption of any other Note. 
 At the Issuers’ written request, the Trustee shall give the notice of redemption in the name of the
Issuers and at their expense; provided that the Issuers shall have delivered to the Trustee, at least five Business Days before notice of redemption is required to be given to Holders pursuant to this Section 11.4 (unless a shorter notice shall
be agreed to by the Trustee), an Officer’s Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in the preceding paragraph. 

Section 11.5. Effect of Notice of Redemption. Once notice of redemption is given in accordance with Section 11.4, Notes
called for redemption become due and payable on the Redemption Date and at the Redemption Price plus accrued interest, if any, to, but not including, the Redemption Date. Upon surrender to the Trustee or Paying Agent, such Notes called for
redemption shall be paid at the Redemption Price plus accrued interest thereon, if any, to, but not including, the Redemption Date, but installments of interest, the maturity of which is on or prior to the Redemption Date, shall be payable to
Holders of record at the close of business on the relevant Record Dates. On and after the Redemption Date interest shall cease to accrue on Notes or portions thereof called for redemption unless the Issuers shall have not complied with their
obligations pursuant to Section 11.6. 
 Section 11.6. Deposit of Redemption Price. On or before 11:00 a.m. New York City
time on the Redemption Date, the Issuers shall deposit with the Paying Agent U.S. Legal Tender sufficient to pay the Redemption Price plus accrued interest, if any, to, but not including, the Redemption Date of all Notes to be redeemed on
that date. The Paying Agent shall promptly return to the Issuers any money deposited with the Paying Agent by the Issuers in excess of the amounts necessary to pay the Redemption Price plus accrued interest, if any, to, but not including, the
Redemption Date of all Notes to be redeemed or purchased. 
 Section 11.7. Notes Redeemed in Part. If any Note is to be redeemed
in part only, the notice of redemption that relates to such Note shall state the portion of the principal amount thereof to be redeemed. A new Note or Notes in principal amount equal to the unredeemed portion of the original Note or Notes shall be
issued in the name of the Holder thereof upon surrender and cancellation of the original Note or Notes. It is understood that, notwithstanding anything in this Indenture to the contrary, only an Authentication Order and not an Opinion of Counsel or
Officer’s Certificate is required for the Trustee to authenticate such new Note.” 
 ARTICLE TWELVE 

SINKING FUNDS 

SECTION 12.01. Applicability of Article 12 of the Base Indenture 

Article 12 (“Sinking Funds”) of the Base Indenture shall not be applicable to the Notes. 

ARTICLE THIRTEEN 

DEFEASANCE 

SECTION 13.01. Changes to Article 13 of the Base Indenture 

Sections 13.1 through 13.6 enumerated in Article 13 of the Base Indenture shall be deleted and replaced in their entirety by the
following: 
 “Section 13.1. Legal Defeasance and Covenant Defeasance. (a) The Issuers may, at their option and at any time,
elect to have either paragraph (b) or (c) below be applied to all outstanding Notes upon compliance with the conditions set forth in Section 13.2. 

  
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 (b) Upon the Issuers’ exercise under Section 13.1(a) hereof of the option applicable to
this Section 13.1(b), the Issuers and the Guarantors shall, subject to the satisfaction of the conditions set forth in Section 13.2, be deemed to have been discharged from their obligations with respect to all outstanding Notes (and Note
Guarantees) on the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the Issuers and the Guarantors shall be deemed to have paid and discharged the
entire Indebtedness represented by the outstanding Notes and Note Guarantees, which shall thereafter be deemed to be “outstanding” only for the purposes of Section 13.3 hereof and the other Sections of this Indenture referred to in
(i) and (ii) below, and to have satisfied all its other obligations under such Notes and this Indenture with respect to the Notes and the Guarantors shall be deemed to have satisfied all of their obligations under the Note Guarantees and
this Indenture with respect to the Notes (and the Trustee, on demand of and at the expense of the Issuers, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated
or discharged hereunder: 
 (i) the rights of Holders of outstanding Notes to receive, solely from the trust fund described
in Section 13.3, and as more fully set forth in such Section 13.3, payments in respect of the principal of, premium, if any, and interest on such Notes when such payments are due; 

(ii) the Issuers’ obligations with respect to such Notes concerning issuing temporary Notes, registration of Notes,
mutilated, destroyed, lost or stolen Notes and Section 10.2 hereof; 
 (iii) the rights, powers, trusts, duties and
immunities of the Trustee, and the Issuers’ obligations in connection therewith; and 
 (iv) the provisions of this
Article 13 applicable to Legal Defeasance. 
 Subject to compliance with this Article 13, the Issuers may exercise their option
under this Section 13.1(b) notwithstanding the prior exercise of its option under Section 13.1(c). 
 (c) Upon the Issuers’
exercise under Section 13.1(a) hereof of the option applicable to this Section 13.1(c), the Issuers and the Guarantors shall, subject to the satisfaction of the conditions set forth in Section 13.2, be released from their respective
obligations under the covenants contained in Sections 10.3 (other than with respect to the legal existence of the Issuers), 10.4, 10.7 through 10.17 and clause (3) of Section 14.1(a) with respect to the outstanding Notes on and after
the date the conditions set forth in Section 13.2 are satisfied (hereinafter, “Covenant Defeasance”), and the Notes shall thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or
declaration or act of Holders (and the consequences of any thereof) in connection with such covenants, but shall continue to be deemed “outstanding” for all other purposes hereunder (it being understood that such Notes shall not be deemed
outstanding for accounting purposes). For this purpose, Covenant Defeasance means that, with respect to the outstanding Notes and Note Guarantees, the Issuers and the Guarantors may omit to comply with and shall have no liability in respect of any
term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any
other document and such omission to comply shall not constitute a Default or an Event of Default under Section 5.1, but, except as specified above, the remainder of this Indenture and such Notes and Note Guarantees shall be unaffected thereby.
In addition, upon the Issuers’ exercise under paragraph (a) hereof of the option applicable to this Section 13.1(c), subject to the satisfaction of the conditions set forth in Section 13.2, clauses (3), (4), (5) and
(6), and soley with respect to the Guarantors, clauses (7) and (8) of Section 5.1 shall not constitute Events of Default. 

Section 13.2. Conditions to Legal Defeasance or Covenant Defeasance. The following shall be the conditions to the application of
either Section 13.1(b) or 13.1(c) hereof to the outstanding Notes: 
 (1) the Issuers shall irrevocably deposit with the
Trustee, in trust, for the benefit of the Holders, U.S. Legal Tender, U.S. Government Obligations or a combination thereof, in such amounts as will be sufficient (without reinvestment) in the opinion or based on a report of a nationally recognized
firm of independent public accountants, investment bank or appraisal firm selected by the Issuers, to pay the principal of and interest on the Notes on the stated date for payment or on the Redemption Date of the Notes, provided that, with
respect to any redemption pursuant to Section 5 of the Notes that requires the payment of the Applicable Premium, the Redemption Price deposited shall be sufficient for purposes of this 

  
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Indenture to the extent that the Redemption Price so deposited with the Trustee is calculated using an amount equal to the Applicable Premium computed using the Adjusted Treasury Rate as of the
third Business Day preceding the date of such deposit with the Trustee; 
 (2) in the case of Legal Defeasance, the Issuers
shall have delivered to the Trustee an Opinion of Counsel in the United States confirming that: 
 (a) the Issuers have
received from, or there has been published by the Internal Revenue Service, a ruling, or 
 (b) since the Closing Date, there
has been a change in the applicable U.S. federal income tax law, 
 in either case to the effect that, and based thereon this
Opinion of Counsel shall confirm that the Holders and beneficial owners will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such Legal Defeasance and will be subject to U.S. federal income tax on the same
amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 

(3) in the case of Covenant Defeasance, the Issuers shall have delivered to the Trustee an Opinion of Counsel in the United
States reasonably acceptable to the Trustee confirming that the Holders will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such Covenant Defeasance and will be subject to U.S. federal income tax on the same
amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 

(4) no Default shall have occurred and be continuing on the date of such deposit (other than a Default resulting from the
borrowing of funds to be applied to such deposit and any similar and substantially simultaneous deposit relating to other Indebtedness and, in each case, the granting of Liens on the funds deposited in connection therewith); 

(5) the Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under any
other material agreement or material instrument (other than this Indenture) to which the Parent or any of its Subsidiaries is a party or by which the Parent or any of its Subsidiaries is bound (other than any default relating to any Indebtedness
being repaid, discharged, defeased, redeemed or repurchased from any borrowing of funds to be applied to such deposit and any similar and substantially simultaneous deposit relating to such Indebtedness, and the granting of Liens on the funds
deposited in connection therewith); and 
 (6) the Issuers shall have delivered to the Trustee an Officer’s Certificate
and an Opinion of Counsel, each stating that the conditions provided for in, in the case of the Officer’s Certificate, clauses (1) through (5), as applicable, and, in the case of the Opinion of Counsel, clauses (2), if applicable,
and/or (3) of this Section 13.2 have been complied with. 
 Notwithstanding the foregoing, the Opinion of Counsel required by
clause (2) above with respect to a Legal Defeasance need not to be delivered if all Notes not theretofore delivered to the Trustee for cancellation (x) have become due and payable, or (y) will become due and payable at Stated Maturity
within one year or are to be called for redemption within one year under irrevocable written arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Issuers. 

Section 13.3. Application of Trust Money. Subject to Section 13.4, the Trustee or Paying Agent shall hold in trust all U.S.
Legal Tender and U.S. Government Obligations deposited with it pursuant to this Article 13, and shall apply the deposited U.S. Legal Tender and the money from U.S. Government Obligations in accordance with this Indenture to the payment of the
principal of and the interest on the Notes. The Trustee shall be under no obligation to invest said U.S. Legal Tender and U.S. Government Obligations, except as it may agree with the Issuers. 

  
 68 

 The Issuers shall pay and indemnify the Trustee against any tax, fee or other charge imposed on
or assessed against the U.S. Legal Tender and U.S. Government Obligations deposited pursuant to Section 13.2 or the principal and interest received in respect thereof, other than any such tax, fee or other charge which by law is for the account
of the Holders of the outstanding Notes. 
 Anything in this Article 13 to the contrary notwithstanding, the Trustee shall deliver or
pay to the Issuers from time to time upon the Issuers’ written request any U.S. Legal Tender and U.S. Government Obligations held by it as provided in Section 13.2 which, in the opinion of a nationally recognized firm of independent public
accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance. 

Section 13.4. Repayment to the Issuers. Subject to applicable escheatment laws, the Trustee and the Paying Agent shall pay to the
Issuers upon written request any money held by them for the payment of principal or interest that remains unclaimed for two years. After payment to the Issuers, Holders entitled to such money shall look to the Issuers for payment as general
creditors unless an applicable law designates another Person. 
 Section 13.5. Reinstatement. If the Trustee or Paying Agent is
unable to apply any U.S. Legal Tender and U.S. Government Obligations in accordance with this Article 13 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or
otherwise prohibiting such application, the Issuers’ and the Guarantors’ obligations under this Indenture, and the Notes and the Note Guarantees shall be revived and reinstated as though no deposit had occurred pursuant to this
Article 13 until such time as the Trustee or Paying Agent is permitted to apply all such U.S. Legal Tender and U.S. Government Obligations in accordance with this Article 13; provided that if the Issuers have made any payment of interest
on, or principal of, any Notes because of the reinstatement of its obligations, the Issuers shall be subrogated to the rights of the Holders of such Notes to receive such payment from the U.S. Legal Tender and U.S. Government Obligations held by the
Trustee or Paying Agent.” 
 ARTICLE FOURTEEN 

SUCCESSOR CORPORATION 

SECTION 14.01. Addition of Article 14 to the Base Indenture 

The following shall be added to the Base Indenture as Article 14: 

“ARTICLE FOURTEEN 

SUCCESSOR CORPORATION 

Section 14.1. Consolidation, Merger and Sale of Assets. 

(a) None of Parent, General Partner, nor either of the Issuers will consolidate with or merge with or into, or sell, convey, transfer or
otherwise dispose of all or substantially all of its and its Restricted Subsidiaries’ (taken as a whole) property and assets (as an entirety or substantially an entirety in one transaction or a series of related transactions) to, any Person or
permit any Person to merge with or into Parent, General Partner or an Issuer, as applicable, unless: 
 (1) The Parent,
General Partner or such Issuer, as applicable, shall be the continuing Person, or the Person (if other than the Parent, General Partner or such Issuer, as applicable) formed by such consolidation or into which the Parent, General Partner or such
Issuer, as applicable, is merged or that acquired such property and assets of the Parent, General Partner or such Issuer, as applicable shall be a corporation, limited liability company, partnership (including a limited partnership) or trust
organized and existing under the laws of the United States of America or any state or jurisdiction thereof and shall expressly assume, by a supplemental indenture, executed and delivered to the Trustee, all of the obligations of the Parent, General
Partner or such Issuer, as applicable, under its Note Guarantee (in the case of Parent or General Partner) and under this Indenture (provided, however, that Capital Corp may not consolidate or

  
 69 

 
merge with or into any Person other than a corporation satisfying such requirement so long as the Partnership is not a corporation); 

(2) immediately after giving effect to such transaction or transactions on a pro forma basis (and treating any Indebtedness
that becomes an obligation of the resulting, surviving or transferee Person as a result of such transaction as having been issued by such Person at the time of such transaction), no Default or Event of Default shall have occurred and be continuing;

 (3) immediately after giving effect to such transaction and any related financing transactions (including the application
of the proceeds thereof) as if the same had occurred at the beginning of the applicable Four Quarter Period, on a pro forma basis, (A) either (x) the Issuers and their Restricted Subsidiaries, or any Person becoming the successor
obligor of the Notes, as the case may be, would be permitted to Incur at least $1.00 of additional Indebtedness pursuant Section 10.8(a) or (y) the ratio referred to in Section 10.8(a) would be equal to or less than such ratio
immediately prior to such merger, consolidation or other acquisition, (B) either (x) the Issuers and their Restricted Subsidiaries, or any Person becoming the successor obligor of the Notes, as the case may be, would be permitted to Incur
at least $1.00 of additional Indebtedness pursuant to Section 10.8(b) or (y) the ratio referred to in Section 10.8(b) would be equal to or less than such ratio immediately prior to such merger, consolidation or other acquisition and
(C) either (x) the Issuers and the Subsidiary Guarantors, or any Person becoming the successor obligor of the Notes, as the case may be, would be permitted to Incur at least $1.00 of additional Indebtedness pursuant to Section 10.8(c)
or (y) the ratio referred to in Section 10.8(c) would be equal to or greater than such ratio immediately prior to such merger, consolidation or other acquisition; and 

(4) Parent, General Partner or such Issuer, as applicable, delivers to the Trustee an Officer’s Certificate and an Opinion
of Counsel, in each case stating that such consolidation, merger or transfer and such supplemental indenture complies with this Section 14.1 and that all conditions precedent provided for herein relating to such transaction have been complied
with and, with respect to the Opinion of Counsel, that the supplemental indenture constitutes a valid and binding obligation enforceable against Parent, General Partner or such Issuer, as applicable, or the Person (if other than Parent, General
Partner or such Issuer, as applicable) formed by such consolidation or into which Parent, General Partner or such Issuer, as applicable, is merged or that acquired all or substantially all of Parent’s, General Partner’s or such
Issuer’s and their Restricted Subsidiaries’ property and assets; 
 provided, however, that clause (3) above does not apply
(x) if the principal purpose of such transaction is to change the state of domicile or incorporation of Parent or to form or collapse a holding company structure or to convert Parent, General Partner or such Issuer, as applicable, into a
corporation, partnership, limited partnership, limited liability company or trust organized under the laws of the jurisdiction of organization of Parent or under the laws of the United States, any state thereof or the District of Columbia
(provided, however, that Capital Corp may not consolidate or merge with or into any Person other than a corporation satisfying such requirement so long as the Partnership is not a corporation) or (y) to a consolidation or merger
or sale, conveyance, transfer or other disposition of all or substantially all of Parent’s, General Partner’s or such Issuer’s and their Restricted Subsidiaries’ (taken as a whole) property and assets to a Wholly Owned Restricted
Subsidiary of Parent that is a Subsidiary Guarantor; provided further, however, that any such transaction shall not have as one of its purposes the evasion of the foregoing limitations. 

(b) Except as provided in Section 8.4, Parent shall not permit any Subsidiary Guarantor to consolidate with or merge with or into, or
convey or transfer, in one transaction or a series of transactions, all or substantially all of its assets to any Person unless: 

(1) the resulting, surviving or transferee Person (if not such Subsidiary) shall be a Person organized and existing under the
laws of the jurisdiction under which such Subsidiary Guarantor was organized or under the laws of the United States of America, or any State thereof or the District of Columbia, and such Person shall expressly assume, by a supplemental indenture,
all the obligations of such Subsidiary Guarantor, if any, under its Subsidiary Guarantee; 
 (2) immediately after giving
effect to such transaction or transactions on a pro forma basis (and treating any Indebtedness that becomes an obligation of the resulting, surviving or 

  
 70 

 
transferee Person as a result of such transaction as having been issued by such Person at the time of such transaction), no Default or Event of Default shall have occurred and be continuing; and

 (3) Parent delivers to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that such
consolidation, merger or transfer and such supplemental indenture, if any, complies with this Indenture and, with respect to the Opinion of Counsel, that the supplemental indenture constitutes a valid and binding obligation enforceable against the
Issuers, the Subsidiary Guarantors, Parent and the surviving Persons. 
 (c) Notwithstanding the foregoing: 

(1) an Issuer or any Guarantor may consolidate or merge with or into, or sell, convey, transfer or otherwise dispose of all of
its property and assets to, an Issuer or another Guarantor; 
 (2) any Restricted Subsidiary of Parent that is not an Issuer
or a Subsidiary Guarantor may consolidate or merge with or into, or sell, convey, transfer or otherwise dispose of all of its property and assets to, Parent or any of its Restricted Subsidiaries; and 

(3) any Restricted Subsidiary of Parent may (i) merge with an Affiliate of Parent or a Restricted Subsidiary of Parent if
the principal purpose of such transaction is to change the state of domicile or incorporation of such Restricted Subsidiary or to form or collapse a holding company structure or (ii) convert into a corporation, partnership, limited partnership,
limited liability company or trust organized under the laws of the jurisdiction of organization of such Restricted Subsidiary or under the laws of the United States, any state thereof or the District of Columbia. 

(d) Upon any such consolidation, combination or merger of an Issuer or a Guarantor, or any such sale, conveyance, transfer or other
disposition of all or substantially all of the assets of an Issuer in accordance with this Section 14.1, in which such Issuer or such Guarantor is not the continuing obligor under the Notes or its Note Guarantee, the surviving entity formed by
such consolidation or into which such Issuer or such Guarantor is merged or the entity to which the sale, conveyance, transfer or other disposition is made shall succeed to, and be substituted for, and may exercise every right and power of, such
Issuer or such Guarantor under this Indenture and, the Notes and the Note Guarantees with the same effect as if such surviving entity had been named therein as such Issuer or such Guarantor and such Issuer or such Guarantor, as the case may be,
shall be released from the obligation to pay the principal of and interest on the Notes or in respect of its Note Guarantee, as the case may be, and all of such Issuer’s or such Guarantor’s other obligations and covenants under the Notes,
this Indenture and its Note Guarantee, if applicable. 
 (e) Notwithstanding any of the foregoing, for the avoidance of doubt, the lease of
all or substantially all of the assets or real estate assets of Parent and its Restricted Subsidiaries (taken as a whole) or of any of its Restricted Subsidiaries shall not be subject to this Section 14.1.” 

ARTICLE FIFTEEN 

ADDITIONAL TERMS OF THIS FIRST SUPPLEMENTAL INDENTURE 

SECTION 15.01. Interpretation of Base and Supplemental Indenture. 

The Base Indenture, as supplemented and amended by this First Supplemental Indenture, is in all respects ratified and confirmed, and the Base
Indenture and this First Supplemental Indenture shall be read, taken and construed as one and the same instrument. All provisions included in this First Supplemental Indenture supersede any similar provisions included in the Base Indenture unless
not permitted by law. 
  

  
 71 

 SIGNATURES 

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

							
	 CTR PARTNERSHIP, L.P.,
 as an
Issuer

		
	By:	 	CareTrust GP, LLC, its general partner
			
		 	By:	 	/s/ William M. Wagner
		 		 	Name:	 	William M. Wagner
		 		 	Title:	 	Chief Financial Officer, Treasurer and Secretary
	
	 CARETRUST CAPITAL CORP.,
 as an
Issuer

			
		 	By:	 	/s/ William M. Wagner
		 		 	Name:	 	William M. Wagner
		 		 	Title:	 	Chief Financial Officer, Treasurer and Secretary
	
	 CARETRUST REIT, INC.,
 as a
Guarantor

			
		 	By:	 	/s/ William M. Wagner
		 		 	Name:	 	William M. Wagner
		 		 	Title:	 	Chief Financial Officer and Treasurer
	
	 CARETRUST GP, LLC,
 as a
Guarantor

			
		 	By:	 	/s/ William M. Wagner
		 		 	Name:	 	William M. Wagner
		 		 	Title:	 	Chief Financial Officer, Treasurer and Secretary
	
	 SUBSIDIARY GUARANTORS:
  

18TH PLACE HEALTH HOLDINGS LLC
 49TH STREET HEALTH HOLDINGS
LLC
 4TH STREET HOLDINGS LLC
 51ST AVENUE HEALTH HOLDINGS
LLC
 ANSON HEALTH HOLDINGS LLC
 ARAPAHOE HEALTH HOLDINGS
LLC
 ARROW TREE HEALTH HOLDINGS LLC
 AVENUE N HOLDINGS LLC

BIG SIOUX RIVER HEALTH HOLDINGS LLC
 BOARDWALK HEALTH HOLDINGS
LLC
 BOGARDUS HEALTH HOLDINGS LLC
 BURLEY HEALTHCARE HOLDINGS
LLC
 CASA LINDA RETIREMENT LLC
 CEDAR AVENUE HOLDINGS
LLC

  
 1 

							
	 CHERRY HEALTH HOLDINGS LLC
 CM
HEALTH HOLDINGS LLC
 COTTONWOOD HEALTH HOLDINGS LLC
 CTR ARVADA
PREFERRED, LLC
 CTR CASCADIA PREFERRED, LLC
 DALLAS
INDEPENDENCE LLC
 DIXIE HEALTH HOLDINGS LLC
 EMMETT HEALTHCARE
HOLDINGS LLC
 ENSIGN BELLFLOWER LLC
 ENSIGN HIGHLAND LLC

ENSIGN SOUTHLAND LLC
 EVERGLADES HEALTH HOLDINGS LLC

EXPO PARK HEALTH HOLDINGS LLC
 EXPRESSWAY HEALTH HOLDINGS LLC

FALLS CITY HEALTH HOLDINGS LLC
 FIFTH EAST HOLDINGS LLC

FIG STREET HEALTH HOLDINGS LLC
 FLAMINGO HEALTH HOLDINGS LLC

FORT STREET HEALTH HOLDINGS LLC
 GAZEBO PARK HEALTH HOLDINGS
LLC
 GILLETTE PARK HEALTH HOLDINGS LLC
 GOLFVIEW HOLDINGS
LLC
 GRANADA INVESTMENTS LLC
 GUADALUPE HEALTH HOLDINGS LLC

HILLENDAHL HEALTH HOLDINGS LLC
 HILLVIEW HEALTH HOLDINGS LLC

IRVING HEALTH HOLDINGS LLC
 IVES HEALTH HOLDINGS LLC

JEFFERSON RALSTON HOLDINGS LLC
 JORDAN HEALTH PROPERTIES LLC

JOSEY RANCH HEALTHCARE HOLDINGS LLC
 KINGS COURT HEALTH HOLDINGS
LLC
 LAFAYETTE HEALTH HOLDINGS LLC
 LEMON RIVER HOLDINGS
LLC
 LOCKWOOD HEALTH HOLDINGS LLC
 LONG BEACH HEALTH ASSOCIATES
LLC
 LOWELL HEALTH HOLDINGS LLC
 LOWELL LAKE HEALTH HOLDINGS
LLC
 LUFKIN HEALTH HOLDINGS LLC
 MEADOWBROOK HEALTH ASSOCIATES
LLC
 MEMORIAL HEALTH HOLDINGS LLC
 MESQUITE HEALTH HOLDINGS
LLC
 MISSION CCRC LLC
 MOENIUM HOLDINGS LLC

MOUNTAINVIEW COMMUNITYCARE LLC
 NORTHSHORE HEALTHCARE HOLDINGS
LLC
 OLESON PARK HEALTH HOLDINGS LLC
 OREM HEALTH HOLDINGS
LLC
 PAREDES HEALTH HOLDINGS LLC
 PLAZA HEALTH HOLDINGS LLC

POLK HEALTH HOLDINGS LLC
 PRAIRIE HEALTH HOLDINGS LLC

PRICE HEALTH HOLDINGS LLC
 QUEEN CITY HEALTH HOLDINGS
LLC

  
 2 

							
	 QUEENSWAY HEALTH HOLDINGS LLC
 RB
HEIGHTS HEALTH HOLDINGS LLC
 REGAL ROAD HEALTH HOLDINGS LLC

RENEE AVENUE HEALTH HOLDINGS LLC
 RILLITO HOLDINGS LLC

RIO GRANDE HEALTH HOLDINGS LLC
 SALMON RIVER HEALTH HOLDINGS
LLC
 SALT LAKE INDEPENDENCE LLC
 SAN CORRINE HEALTH HOLDINGS
LLC
 SARATOGA HEALTH HOLDINGS LLC
 SILVER LAKE HEALTH HOLDINGS
LLC
 SILVERADA HEALTH HOLDINGS LLC
 SKY HOLDINGS AZ LLC

SNOHOMISH HEALTH HOLDINGS LLC
 SOUTH DORA HEALTH HOLDINGS LLC

STILLHOUSE HEALTH HOLDINGS LLC
 TEMPLE HEALTH HOLDINGS LLC

TENTH EAST HOLDINGS LLC
 TERRACE HOLDINGS AZ LLC

TRINITY MILL HOLDINGS LLC
 TROUSDALE HEALTH HOLDINGS LLC

TULALIP BAY HEALTH HOLDINGS LLC
 VALLEY HEALTH HOLDINGS LLC

VERDE VILLA HOLDINGS LLC
 WAYNE HEALTH HOLDINGS LLC

WILLITS HEALTH HOLDINGS LLC
 WILLOWS HEALTH HOLDINGS LLC

WISTERIA HEALTH HOLDINGS LLC

			
		 	By:	 	/s/ William M. Wagner
		 		 	Name:	 	William M. Wagner
		 		 	Title:	 	Chief Financial Officer, Treasurer and Secretary
	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee,

			
		 	By:	 	/s/ Maddy Hughes
		 		 	Name:	 	Maddy Hughes
		 		 	Title:	 	Vice President

  
 3 

 EXHIBIT A 

Form of Initial Note 
 (FACE OF
NOTE) 
 THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A
DEPOSITORY OR A NOMINEE OF A DEPOSITORY OR A SUCCESSOR DEPOSITORY. THIS NOTE IS NOT EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITORY OR ITS NOMINEE EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE,
AND NO TRANSFER OF THIS NOTE (OTHER THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY) MAY BE REGISTERED EXCEPT IN THE
LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUERS OR THEIR AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL
NOTE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF CEDE & CO. OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN
ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE. 

  
 A-1 

 CTR PARTNERSHIP, L.P. 

CARETRUST CAPITAL CORP. 
 5.25%
Senior Notes due 2025 
 CUSIP No. 126458 AD0 

ISIN No. US126458AD05 
  

			
	 No. [         ]
	  	$[        ]

 CTR PARTNERSHIP, L.P., a Delaware limited partnership, and CARETRUST CAPITAL CORP., a Delaware corporation
(the “Issuers”), for value received promise to pay to Cede & Co., or its registered assigns, the principal sum of [        ] DOLLARS or such other amount as is provided in a schedule
attached hereto on June 1, 2025. 
 Interest Payment Dates: June 1 and December 1, commencing December 1, 2017 

Record Dates: May 15 and November 15. 

Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same effect as if set forth at
this place. 

  
 A-2 

 IN WITNESS WHEREOF, the Issuers have caused this Note to be signed manually or by facsimile by
its duly authorized officer. 
  

							
	 CTR PARTNERSHIP, L.P.,
 as an
Issuer

		
	By:	 	CareTrust GP, LLC, its general partner
			
		 	By:	 	 
		 		 	Name:	 	
		 		 	Title:	 	
	
	 CARETRUST CAPITAL CORP.,
 as an
Issuer

			
		 	By:	 	 
		 		 	Name:	 	
		 		 	Title:	 	

  
 A-3 

 [FORM OF] TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the 5.25% Senior Notes due 2025 described in the within-mentioned Indenture. 

Dated: 
  

			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee,

		
	        By:	 	 
		 	Authorized Signatory

  
 A-4 

 (Reverse of Note) 

5.25% Senior Notes due 2025 

Capitalized terms used herein shall have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 

Section 1. Interest. CTR Partnership, L.P., a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation
(together, the “Issuers”), promise to pay interest on the principal amount of this Note at 5.25% per annum from May 24, 2017, until maturity. The Issuers will pay interest semi-annually on June 1 and December 1 of each
year, or if any such day is not a Business Day, on the next succeeding Business Day (each an “Interest Payment Date”), commencing December 1, 2017. Interest on the Notes will accrue from the most recent date to which interest has been
paid or, if no interest has been paid, from the date of issuance. The Issuers shall pay interest on overdue principal and premium, if any, from time to time on demand to the extent lawful at the interest rate applicable to the Notes; the Issuers
shall pay interest on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand at the same rate to the extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day
months. 
 Section 2. Method of Payment. The Issuers will pay interest on the Notes to the Persons who are registered Holders at
the close of business on the May 15 or November 15 next preceding the Interest Payment Date, even if such Notes are canceled after such record date and on or before such Interest Payment Date, except as provided in Section 3.7 of the
Indenture (as defined below) with respect to defaulted interest. The Notes will be issued in denominations of $2,000 and integral multiples of $1,000 in excess thereof. The Issuers shall pay principal, premium, if any, and interest on the Notes in
such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts (“U.S. Legal Tender”). Principal, premium, if any, and interest on the Notes will be payable at the
office or agency of the Issuers maintained for such purpose except that, at the option of the Issuers, the payment of interest may be made by check mailed to the Holders at their respective addresses set forth in the register of Holders. Until
otherwise designated by the Issuers, the Trustee’s office or agency in Minneapolis, Minnesota will be the office of the Trustee maintained for such purpose. 

Section 3. Paying Agent and Security Registrar. Initially, Wells Fargo Bank, National Association, the Trustee under the
Indenture, will act as Paying Agent and Security Registrar. The Issuers may change any Paying Agent or Registrar without notice to any Holder. Except as provided in the Indenture, the Issuers or any of their Subsidiaries may act in any such
capacity. 
 Section 4. Indenture. The Issuers issued the Notes under an Indenture (the “Base Indenture”), dated as of
May 24, 2017, as supplemented by the First Supplemental Indenture, dated as of May 24, 2017 (the “Supplemental Indenture” and together with the Base Indenture, the “Indenture”), by and among the Issuers, CareTrust REIT,
Inc., a Maryland corporation, the other Guarantors named therein and the Trustee. Subject to the terms of the Indenture, the Issuers shall be entitled to issue Additional Notes. The terms of the Notes include those stated in the Indenture and those
made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (15 U.S. Code §§ 77aaa-77bbbb) (the “Trust Indenture Act”). The Notes are subject to
all such terms, and Holders are referred to the Indenture and the Trust Indenture Act for a statement of such terms. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture
shall govern and be controlling. 
 Section 5. Optional Redemption. Except as set forth in this Section 5, Section 6
and Section 8 hereof, the Issuers are not entitled to redeem any Notes prior to June 1, 2020. The Notes will be redeemable at the option of the Issuers, in whole or in part, at any time, and from time to time, on and after June 1,
2020, at the following redemption prices (expressed as percentages of the principal amount thereof) if redeemed during the twelve-month period commencing June 1 of the years indicated below, in each case together with accrued and unpaid
interest thereon, if any, to, but not including, the redemption date (subject to the right of Holders on the relevant record date to receive interest due on the relevant interest payment date): 

  
 A-5 

					
	 Year
	  	Redemption Price	 
	 2020
	  	 	103.938%	 
	 2021
	  	 	102.625%	 
	 2022
	  	 	101.313%	 
	 2023 and thereafter
	  	 	100.000%	 

 Prior to June 1, 2020, the Issuers will be entitled, at their option, to redeem, at any time, and from
time to time, all or a portion of the Notes at a redemption price equal to 100% of the principal amount of the Notes plus the Applicable Premium as of, and accrued and unpaid interest, if any, to, but not including, the redemption date (subject to
the right of Holders on the relevant record date to receive interest due on the relevant Interest Payment Date). 
 Section 6.
Optional Redemption upon Equity Offerings. At any time, and from time to time, on or prior to June 1, 2020, the Issuers are entitled, at their option, to use an amount equal to all or a portion of the Net Cash Proceeds of one or more
Equity Offerings to redeem up to 40% of the principal amount of the Notes (together with any Additional Notes) issued under the Indenture at a redemption price of 105.25% of the principal amount thereof plus accrued and unpaid interest
thereon, if any, to, but not including, the redemption date (subject to the right of Holders on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that: 

(1) at least 60% of the principal amount of Notes originally issued under the Indenture on May 24, 2017 remains outstanding immediately
after such redemption; and 
 (2) the Issuers complete such redemption not more than 120 days after the consummation of any such Equity
Offering. 
 Section 7. Notice of Redemption. Subject to Section 11.4 of the Indenture, notice of redemption will be mailed
by first class mail or given as otherwise provided in accordance with the procedures of the Depository at least 30 days but not more than 60 days before the Redemption Date to each Holder of Notes to be redeemed at its registered address,
except that redemption notices may be given more than 60 days prior to a Redemption Date if the notice is issued in connection with a defeasance of the Notes or a satisfaction and discharge of the Indenture. No Notes of $2,000 or less shall be
redeemed in part. On and after the Redemption Date interest shall cease to accrue on Notes or portions thereof called for redemption subject to Section 11.5 of the Indenture. 

Section 8. Repurchase at Option of Holder. Upon the occurrence of a Change of Control, and subject to certain conditions set forth
in the Indenture, the Issuers will be required to offer to purchase all of the outstanding Notes at a purchase price equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, thereon to, but not including, the
date of repurchase. 
 The Issuers are, subject to certain conditions and exceptions set forth in the Indenture, obligated to make an offer
to purchase Notes at 100% of their principal amount, plus accrued and unpaid interest, if any, thereon to, but not including, the date of repurchase, with certain Net Cash Proceeds of certain sales or other dispositions of assets in accordance with
the Indenture. 
 Section 9. Denominations, Transfer, Exchange. The Notes are in registered form without coupons in
denominations of $2,000 and integral multiples of $1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Security Registrar and the Trustee may require a Holder, among other
things, to furnish appropriate endorsements and transfer documents and the Issuers may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Issuers and the Security Registrar are not required to transfer or
exchange any Note selected for redemption. Also, the Issuers and the Security Registrar are not required to transfer or exchange any Notes for a period of 15 days before the giving of a notice of redemption of such Notes to be redeemed. 

Section 10. Persons Deemed Owners. The registered Holder of a Note may be treated as its owner for all purposes. 

  
 A-6 

 Section 11. Amendment, Supplement and Waiver. Subject to certain exceptions, the
Indenture and the Notes may be amended or supplemented with the consent of the Holders of at least a majority in aggregate principal amount of the Notes then outstanding, and any existing Default or compliance with any provision may be waived with
the consent of the Holders of a majority in aggregate principal amount of the Notes then outstanding. Without notice to or consent of any Holder, the Indenture, the Notes and the Note Guarantees may be amended or supplemented as provided in the
Indenture. 
 Section 12. Defaults and Remedies. If an Event of Default occurs and is continuing (other than as specified in
clauses (7) and (8) of Section 5.1 of the Indenture that occurs with respect to Parent or the Issuers), the Trustee or the Holders of at least 25% in principal amount of the then outstanding Notes may declare the principal of, premium, if
any, and accrued interest on the Notes to be due and payable immediately in accordance with the provisions of Section 6.2. Notwithstanding the foregoing, in the case of an Event of Default arising from clause (7) or (8) of
Section 6.1, with respect to Parent or the Issuers, all outstanding Notes will become due and payable without further action or notice. Holders may not enforce the Indenture or the Notes except as provided in the Indenture. Subject to certain
limitations, Holders of a majority in principal amount of the then outstanding Notes may direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders notice of any continuing Default if it determines that
withholding notice is in their interest in accordance with Section 6.2. The Holders of a majority in aggregate principal amount of the Notes then outstanding by notice to the Trustee may on behalf of the Holders of all of the Notes waive any
existing Default and its consequences under the Indenture, other than a payment default as described under Section 9.2(b)(6) of the Indenture. 

Section 13. Restrictive Covenants. The Indenture contains certain covenants as set forth in Article 10 of the Indenture. 

Section 14. No Recourse Against Others. No recourse for the payment of the principal of, premium, if any, or interest on any of
the Notes or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of Parent, the Issuers or the Guarantors in the Indenture, or in any of the Notes or Note Guarantees or
because of the creation of any Indebtedness represented hereby, shall be had against any incorporator, stockholder, member, manager, partner, officer, director, employee or controlling person, in their capacity as such, of the Issuers or the
Guarantors or of any successor Person thereof. Each Holder, by accepting the Notes, waives and releases all such liability. Such waiver and release are part of the consideration for issuance of the Notes. 

Section 15. Note Guarantees. This Note will be entitled to the benefits of certain Note Guarantees made for the benefit of the
Holders. Reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and obligations thereunder of the Guarantors, the Trustee and the Holders. 

Section 16. Authentication. This Note shall not be valid until authenticated by the manual signature of the Trustee or an
authenticating agent. 
 Section 17. 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 entirety), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act).

 Section 19. CUSIP and ISIN Numbers. Pursuant to a recommendation promulgated by the Committee on Uniform Security
Identification Procedures, the Issuers have caused CUSIP and ISIN numbers to be printed on the Notes and the Trustee may use CUSIP or ISIN numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of
such numbers either as printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 

Section 20. Governing Law. This Note shall be governed by, and construed in accordance with, the laws of the State of New
York. 
 The Issuers will furnish to any Holder upon written request and without charge a copy of the Indenture. 

  
 A-7 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Issuers pursuant to Section 10.7 or Section 10.11 of the Indenture, check
the appropriate box: 

Section 10.7    ☐                
        Section 10.11    ☐ 
 If you want to elect to have only part
of this Note purchased by the Issuers pursuant to Section 10.7 or Section 10.11 of the Indenture, state the amount (in denominations of $2,000 and integral multiples of $1,000 in excess thereof): $ 

Dated: 
  

			
	Signed:	 	 
		 	(Sign exactly as name appears on the other side of this Note)
		
	Signature Guarantee:	 	 
		 	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor program reasonably acceptable to the Trustee)

  
 A-8 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE 

The following exchanges of a part of this Global Note for an interest in another Global Note or for a Physical Note, or exchanges of a part of
another Global Note or Physical Note for an interest in this Global Note, have been made: 
  

													
	 Date of Exchange
	 	 Amount of decrease in

Principal Amount of
 this
Global Note
	 	 Amount of increase in

Principal Amount of
 this
Global Note
	  	Principal Amount of
this Global Note
following such decrease
(or increase)	 	  	Signature of
authorized signatory of
Trustee of Note
custodian	 
		 		 		  				  			
		 		 		  				  			
		 		 		  				  			
		 		 		  				  			
		 		 		  				  			

  
 A-9 

 EXHIBIT B 

FORM OF SUPPLEMENTAL INDENTURE 

TO BE DELIVERED BY SUBSEQUENT GUARANTORS 

[            ] SUPPLEMENTAL INDENTURE (this
“[            ] Supplemental Indenture”), dated as of [            ], among (the “Guaranteeing Subsidiary”),
CTR Partnership, L.P. (or its permitted successor), a Delaware limited partnership (“Partnership”), CareTrust Capital Corp., a Delaware corporation (together with Partnership, the “Issuers”), the other Guarantors (as defined in
the Indenture referred to herein) and Wells Fargo Bank, National Association, as trustee under the Indenture referred to below (the “Trustee”). 

W I T N E S S E T H 
 WHEREAS,
the Issuers have heretofore executed and delivered to the Trustee an indenture, dated as of May 24, 2017 (the “Base Indenture”), as supplemented by the First Supplemental Indenture, dated as of May 24, 2017 (the
“Supplemental Indenture” and together with the Base Indenture, the “Indenture”) providing for the issuance of 5.25% Senior Notes due 2025 (the “Notes”); 

WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a
supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Issuers’ obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Note
Guarantee”); and 
 WHEREAS, pursuant to Section 9.1 of the Indenture, the Trustee is authorized to execute and deliver this
[            ] Supplemental Indenture. 
 NOW, THEREFORE, in consideration of
the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders as follows: 

1. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture. 

2. AGREEMENT TO GUARANTEE. The Guaranteeing Subsidiary hereby agrees to provide an unconditional guarantee on the terms and subject to the
conditions set forth in the Indenture including but not limited to Article Ten thereof. 
 3. NO RECOURSE AGAINST OTHERS. No recourse for
the payment of the principal of, premium, if any, or interest on any of the Notes or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of Parent, the Issuers or the
Guarantors in the Indenture or this Supplemental Indenture, or in any of the Notes or Note Guarantees or because of the creation of any Indebtedness represented hereby, shall be had against any incorporator, stockholder, member, manager, partner,
officer, director, employee or controlling person, in their capacity as such, of the Issuers or the Guarantors or of any successor Person thereof. Each Holder, by accepting the Notes, waives and releases all such liability. Such waiver and release
are part of the consideration for issuance of the Notes. 
 4. GOVERNING LAW; WAIVER OF TRIAL RIGHT. This
[            ] Supplemental Indenture will be governed by and construed in accordance with the laws of the State of New York. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE OR THE TRANSACTION CONTEMPLATED HEREBY. 

5. COUNTERPARTS. 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. 
 6. EFFECT OF
HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof. 

  
 B-1 

 7. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect
of the validity or sufficiency of this [            ] Supplemental Indenture or any of the terms or provisions hereof or for or in respect of the recitals or statements contained herein,
all of which recitals and statements are made solely by the Guaranteeing Subsidiary and Partnership. 
 8. BINDING NATURE OF SUPPLEMENTAL
INDENTURE. The Guaranteeing Subsidiary hereby represents and warrants that this [            ] Supplemental Indenture is its legal, valid and binding obligation, enforceable against it in
accordance with its terms. 
 [signature page follows] 

  
 B-2 

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

 

			
	 Dated:
                    ,
  

[GUARANTEEING SUBSIDIARY], as a Guarantor

		
	By:	 	 
		
	Name:	 	 
		
	Title:	 	 
	
	 CTR PARTNERSHIP, L.P., as an Issuer

By: CareTrust GP, LLC, its general partner

		
	By:	 	 
		
	Name:	 	 
		
	Title:	 	 
	
	CARETRUST CAPITAL CORP., as an Issuer
		
	By:	 	 
		
	Name:	 	 
		
	Title:	 	 
	
	CARETRUST REIT, INC., as a Guarantor
		
	By:	 	 
		
	Name:	 	 
		
	Title:	 	 
	
	[EXISTING GUARANTORS], as a Guarantor
		
	By:	 	 
		
	Name:	 	 
		
	Title:	 	 
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 
		
	Name:	 	 
		
	Title:	 	 

  
 B-3

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