Document:

Receivables Sale Agreement, dated as of March 18, 2014

 Exhibit 10.41 

EXECUTION COPY 
 RECEIVABLES
SALE AGREEMENT 
 NATIONSTAR MORTGAGE LLC, 

as initial Receivables Seller (prior to the respective MSR Transfer Dates), as a Subservicer (on 

and after the respective MSR Transfer Dates) and as Servicer (prior to the respective MSR 

Transfer Dates) 
 and 

ADVANCE PURCHASER LLC, 
 as
Receivables Seller and as Servicer (on and after the respective MSR Transfer Dates) 
 and 

NEW RESIDENTIAL ADVANCE DEPOSITOR LLC, 

as Depositor 
 Dated as of
March 18, 2014 
 NEW RESIDENTIAL ADVANCE RECEIVABLES TRUST 

ADVANCE RECEIVABLES BACKED NOTES, ISSUABLE IN SERIES 

 TABLE OF CONTENTS 

 
  

							
	 	 	 	  	Page	 
	 Section 1.
	 	Definitions; Incorporation by Reference	  	 	3	  
	 Section 2.
	 	Transfer of Receivables	  	 	7	  
	 Section 3.
	 	Nationstar’s and Advance Purchaser’s Acknowledgment and Consent to Assignment	  	 	10	  
	 Section 4.
	 	Representations, Warranties and Certain Covenants of Nationstar, as Servicer (prior to the respective MSR Transfer Dates) and as Initial Receivables Seller	  	 	11	  
	 Section 5.
	 	Representations, Warranties and Certain Covenants of Advance Purchaser, as Servicer (on and after the respective MSR Transfer Dates) and as Receivables Seller	  	 	20	  
	 Section 6.
	 	Termination	  	 	29	  
	 Section 7.
	 	General Covenants of Nationstar, as Initial Receivables Seller (for certain Designated Servicing Agreements prior to the final MSR Transfer Date) and Servicer (for certain Designated Servicing Agreements prior to the final MSR
Transfer Date)	  	 	29	  
	 Section 8.
	 	General Covenants of Advance Purchaser, as Receivables Seller and Servicer (on and after the respective MSR Transfer Dates)	  	 	32	  
	 Section 9.
	 	Grant Clause	  	 	35	  
	 Section 10.
	 	Conveyance by Depositor; Grant by Issuer	  	 	36	  
	 Section 11.
	 	Protection of Indenture Trustee’s Security Interest in Trust Estate	  	 	37	  
	 Section 12.
	 	Indemnification by Nationstar	  	 	37	  
	 Section 13.
	 	Indemnification by Advance Purchaser	  	 	39	  
	 Section 14.
	 	Miscellaneous	  	 	41	  
			
	 Schedule 1-A
	 	Form of Assignment of Advance Receivables	  			
	 Schedule 1-B
	 	Form of Assignment of Receivables	  			
	 Exhibit A
	 	Form of Subordinated Note	  			

  
 i 

 RECEIVABLES SALE AGREEMENT 

This RECEIVABLES SALE AGREEMENT (as it may be amended, supplemented, restated or otherwise modified from time to time, this
“Agreement”) is made as of March 18, 2014 (the “Closing Date”), by and among Nationstar Mortgage LLC, a limited liability company organized under the laws of the State of Delaware
(“Nationstar”), as initial receivables seller (prior to the respective MSR Transfer Dates), as a subservicer (on and after the respective MSR Transfer Dates) and as servicer (prior to the respective MSR Transfer Dates),
Advance Purchaser LLC, a limited liability company organized under the laws of the State of Delaware (“Advance Purchaser”), as receivables seller and as servicer (on and after the respective MSR Transfer Dates), and New
Residential Advance Depositor LLC, a limited liability company organized under the laws of the State of Delaware, as depositor (the “Depositor”). 

RECITALS 
 A. The
Depositor is a special purpose Delaware limited liability company. 
 B. Nationstar acts as the servicer under one or more servicing
agreements (each, as it may be amended, supplemented, restated, or otherwise modified from time to time, a “Servicing Agreement” and, collectively, the “Servicing Agreements”). Certain Servicing
Agreements (each, as may be amended, supplemented, restated or otherwise modified from time to time, a “Designated Servicing Agreement” and, collectively, the “Designated Servicing Agreements”) will be
designated as described herein for inclusion under this Agreement, the Receivables Pooling Agreement (defined below) and the Indenture (as defined below).  

C. Nationstar has sold and will sell its rights and interests in the servicing rights under the Designated Servicing Agreements to Advance
Purchaser pursuant to the Master Servicing Rights Purchase Agreement, dated as of December 17, 2013, as supplemented by the Sale Supplements dated as of December 17, 2013, January 24, 2014, February 28, 2014, and any
additional related Sale Supplement executed from time to time, by and between Nationstar and Advance Purchaser (each as amended, restated, supplemented or otherwise modified from time to time, collectively, the “Purchase
Agreement”). Prior to the MSR Transfer Date with respect to any Designated Servicing Agreement, Nationstar shall continue to (i) be the “Servicer” under such Designated Servicing Agreement, (ii) have the obligation
to make the required Advances under such Designated Servicing Agreement and (iii) have the right to collect the related Receivables in reimbursement of such Advances. Prior to the related MSR Transfer Date, upon its disbursement of an Advance
pursuant to a Designated Servicing Agreement, Nationstar, as servicer, becomes the beneficiary of a contractual right to be reimbursed for such Advance in accordance with the terms of the related Designated Servicing Agreement. Immediately, upon
their creation, Nationstar shall sell the related Receivables to Advance Purchaser for cash purchase prices equal to 100% of their respective Receivable Balances pursuant to this Agreement as described in Paragraph G below, and Advance Purchaser
shall sell and/or contribute the Receivables it purchases from Nationstar, to the Depositor as described in Paragraph H. below. 

 D. When all required consents and ratings agency letters required for a formal change of the
named servicer under a Designated Servicing Agreement from Nationstar to Advance Purchaser shall have been obtained, pursuant to the Purchase Agreement Nationstar shall transfer to Advance Purchaser all of the servicing rights and obligations under
such Designated Servicing Agreement (such date, the related “MSR Transfer Date”). On and after the MSR Transfer Date for any Designated Servicing Agreement, Advance Purchaser shall (i) be the “Servicer” under
such Designated Servicing Agreement, (ii) have the obligation to make the required Advances under such Designated Servicing Agreement, and (iii) have the right to collect the related Receivables in reimbursement of such Advances. Upon its
disbursement of an Advance pursuant to a Designated Servicing Agreement, Advance Purchaser, as servicer (on and after the related MSR Transfer Date), becomes the beneficiary of a contractual right to be reimbursed for such Advance in accordance with
the terms of the related Designated Servicing Agreement. Nationstar will initially be engaged by Advance Purchaser as subservicer for all of the Designated Servicing Agreements as to which the related MSR Transfer Date has occurred under a
subservicing agreement. Other subservicers may be appointed for some or all of the Designated Servicing Agreements or for other servicing rights acquired by Advance Purchaser from time to time in compliance with Section 5(a)(xxxi)
hereof. 
 E. New Residential Advance Receivables Trust (the “Issuer”), Advance Purchaser, as servicer (on and
after the respective MSR Transfer Date) and as Administrator (in such capacity, the “Administrator”), Nationstar, as servicer (prior to the respective MSR Transfer Dates) and as subservicer, Wells Fargo Bank, N.A., as
Indenture Trustee (the “Indenture Trustee”), as Calculation Agent, as Paying Agent and as Securities Intermediary, Credit Suisse AG (New York Branch) (“Credit Suisse”), Natixis, New York Branch
(“Natixis”), Morgan Stanley Bank, N.A. (“Morgan Stanley”), Barclays Bank PLC (“Barclays” and together with Credit Suisse, Natixis, and Morgan Stanley, each, an
“Administrative Agent” and collectively, the “Administrative Agent”), propose to enter into an Indenture (as it may be amended, supplemented, restated, or otherwise modified from time to time and
including any indenture supplement, the “Indenture”), dated as of even date herewith. 
 F. Notes
(collectively, the “Notes”) will be issued from time to time pursuant to the Indenture. The Notes issued by the Issuer pursuant to the Indenture will be collateralized by the Aggregate Receivables and related property and
certain monies in respect thereof now owned and to be hereafter acquired by the Issuer. 
 G. Nationstar desires to sell and/or
contribute, assign, transfer and convey to the Depositor all of its contractual rights to the Nationstar Advance Receivables (as such term is defined in Section 2(a)(i)) from the date hereof through the Receivables Sale Termination Date
under the Designated Servicing Agreements, pursuant to the terms of this Agreement. 
 H. Advance Purchaser desires to sell and/or
contribute, assign, transfer and convey to the Depositor all of its contractual rights (A) to reimbursement pursuant to the terms of a Designated Servicing Agreement for an Advance that it either acquires from Nationstar (before the related MSR
Transfer Date) or creates as a result of making Advances (on and after the related MSR Transfer Date) (any right to reimbursement in respect of any such Advance, an “Advance Receivable”), and (B) to payment pursuant to
the terms of a Designated Servicing Agreement listed on the Designated Servicing Agreement Schedule for a Deferred Servicing Fee which has been accrued by Nationstar (before the related MSR Transfer Date) and sold by Nationstar to Advance Purchaser
pursuant to the Purchase Agreement or accrued by Advance 

  
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Purchaser (on and after the related MSR Transfer Date) but, in either case, not paid, and including in either case all rights of Nationstar or Advance Purchaser, as the case may be, to enforce
payment of such obligation under the related Designated Servicing Agreement (any right to payment in respect of such Deferred Servicing Fee, a “Deferred Servicing Fee Receivable”), from the date hereof through the Receivables
Sale Termination Date under the Designated Servicing Agreements, pursuant to the terms of this Agreement. The Depositor will contemporaneously enter into a Receivables Pooling Agreement, dated as of even date herewith (as may be amended,
supplemented, restated or otherwise modified from time to time, the “Receivables Pooling Agreement”), with the Issuer pursuant to which the Depositor will sell and/or contribute, assign, transfer and convey to the Issuer
immediately upon the Depositor’s acquisition thereof, all Receivables acquired by the Depositor from Advance Purchaser pursuant to this Agreement. 

I. In consideration of each transfer by Advance Purchaser to the Depositor of the Transferred Assets on and after the Closing Date on the terms
and subject to the conditions set forth in this Agreement, the Depositor has agreed to pay to Advance Purchaser a purchase price equal to the fair market value thereof on the related Sale Date. To the extent the portion of the purchase price
actually paid in cash by the Depositor for the Transferred Assets is less than 100% of the fair market value thereof, subject to the terms of Section 2(c) the balance of the purchase price shall be paid by the Depositor to Advance Purchaser on
the Closing Date with the receipt of the membership interest of the Depositor, 100% of which is held by Advance Purchaser, and on each subsequent Sale Date, by keeping the proceeds of a borrowing under a Subordinated Note issued by the Depositor to
Advance Purchaser in an amount equal to the amount by which the Purchase Price of such Receivable exceeds the portion of the cash purchase price actually paid therefor. In addition, on any subsequent Sale Date, Advance Purchaser may contribute
Receivables to the capital of the Depositor. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the above premises and of the mutual promises hereinafter set forth, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 

Section 1. Definitions; Incorporation by Reference. 

(a) This Agreement is entered into in connection with the terms and conditions of the Indenture. Any capitalized term used but not defined
herein shall have the meaning given to it in the Indenture. Furthermore, for any capitalized term defined herein but defined in greater detail in the Indenture, the detailed information from the Indenture shall be incorporated herein by reference.

 Additional Receivables: As defined in Section 2(a)(ii). 

Administrative Agent: As defined in the Recitals. 

Administrator: As defined in the Recitals. 

  
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 Advance Purchaser: As defined in the Preamble. 

Advance Purchaser Purchase Price: As defined in Section 2(b). 

Advance Purchaser Related Documents: As defined in Section 5(a)(iii). 

Advance Receivables: As defined in the Recitals. 

Aggregate Receivables: (i) Any Nationstar Initial Advance Receivables and any Nationstar Additional Advance Receivables sold by Nationstar, as
initial receivables seller, to Advance Purchaser hereunder prior to the related MSR Transfer Date, (ii) any Deferred Servicing Fee Receivable (other than any Existing Deferred Servicing Fee Receivables) arising under a Designated Servicing
Agreement and (iii) any Advance Receivables (other than any Existing Advance Receivables) arising under each Designated Servicing Agreement from and after the related MSR Transfer Date. 

Agreement: As defined in the Preamble. 
 Assignment
and Recognition Agreement: An Assignment, Assumption and Recognition Agreement, dated as of the Closing Date or any other Funding Date, by and among one or more Prior Issuers, the applicable Prior Trustee or Prior Trustees, as applicable,
Nationstar, Advance Purchaser, the Issuer and the Indenture Trustee, as amended, restated, supplemented, or otherwise modified from time to time and any other assignment, assumption and recognition agreement, approved by the Administrative Agent,
pursuant to which Receivables are conveyed to the Issuer. 
 Assignment of Advance Receivables: Each agreement documenting an assignment by
Nationstar to Advance Purchaser substantially in the form set forth on Schedule 1-A. 
 Assignment of Receivables: Each agreement documenting
an assignment by Advance Purchaser to the Depositor substantially in the form set forth on Schedule 1-B. 
 Closing Agreement: Any agreement,
dated as of the Closing Date or any other Funding Date, by and among the Issuer, Nationstar, Advance Purchaser and the Administrative Agent and such other parties as may be necessary to fund the purchase and transfer of Receivables to the Issuer.

 Closing Date: As defined in the Recitals. 

Credit Suisse: As defined in the Recitals. 
 Deferred
Servicing Fee Receivables: As defined in the Recitals. 
 Depositor: As defined in the Preamble. 

Designated Servicing Agreement and Designated Servicing Agreements: As defined in the Recitals. 

Existing Advance Receivable: As defined in Section 2(a)(i). 

  
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 Existing Deferred Servicing Fee Receivable: As defined in Section 2(a)(i). 

Existing Receivables: As defined in Section 2(a)(i). 

Indemnification Amounts: As defined in Section 13(c). 

Indemnified Party: As defined in Section 13(c). 

Indemnity Payment: As defined in Section 4(d). 

Indenture: As defined in the Recitals. 
 Indenture
Trustee: As defined in the Recitals. 
 Issuer: As defined in the Recitals. 

MSR Transfer Date: As defined in the Recitals. 

Nationstar: As defined in the Preamble. 
 Nationstar
Additional Advance Receivables: As defined in Section 2(a)(i). 
 Nationstar Additional Deferred Servicing Fee Receivables: As
defined in Section 2(a)(i). 
 Nationstar Additional Receivables: As defined in Section 2(a)(i). 

Nationstar Advance Receivable Transferred Assets: As defined in Section 2(a)(i). 

Nationstar Advance Receivables: As defined in Section 2(a)(i). 

Nationstar Deferred Servicing Fee Receivable Transferred Assets: As defined in Section 2(a)(i). 

Nationstar Deferred Servicing Fee Receivables: As defined in Section 2(a)(i). 

Nationstar Indemnification Amounts: As defined in Section 12(c). 

Nationstar Indemnified Party: As defined in Section 12(c). 

Nationstar Initial Advance Receivables: As defined in Section 2(a)(i). 

Nationstar Initial Deferred Servicing Fee Receivables: As defined in Section 2(a)(i). 

Nationstar Initial Receivables: As defined in Section 2(a)(i). 

Nationstar Receivables: Together, the Nationstar Initial Receivables and the Nationstar Additional Receivables. 

Nationstar Related Documents: As defined in Section 4(a)(iii). 

Nationstar Transferred Assets: As defined in Section 2(a)(i). 

  
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 Notes: As defined in the Recitals. 

Prior Issuer: Any of Nationstar Mortgage Advance Receivables Trust, NRZ Servicer Advance Receivables Trust CS, NRZ Servicer Advance Receivables Trust
BC or any issuer, as approved by the Administrative Agent in its sole discretion. 
 Prior Trustee: Any of The Bank of New York Mellon, Wells Fargo
Bank, N.A., or any permitted successor or assign thereto acting as Indenture Trustee with respect to a servicer advance facility entered into with a Prior Issuer. 

Purchase: Each purchase by the Depositor from Advance Purchaser, as receivables seller, of Transferred Assets. 

Purchase Agreement: As defined in the Recitals. 

Purchase Price: As defined in Section 2(c). 

Receivable: Each Advance Receivable and each Deferred Servicing Fee Receivable. 

Receivables Pooling Agreement: As defined in the Recitals. 

Receivables Sale Termination Date: The date, after the conclusion of the Revolving Period, on which all amounts due on all Classes of Notes issued by
the Issuer pursuant to the Indenture, and all other amounts payable to any party pursuant to the Indenture, shall have been paid in full. 
 Removed
Servicing Agreement: As defined in Section 2(d). 
 Sale Date: (i) With respect to the Nationstar Initial Advance Receivables,
the Closing Date and (ii) with respect to any Additional Receivable, each date from and including the Closing Date to the Receivables Sale Termination Date on which such Additional Receivable is sold and/or contributed, assigned, transferred
and conveyed by Advance Purchaser to the Depositor pursuant to the terms of this Agreement. 
 Series: As defined in the Indenture. 

Series Required Noteholders: As defined in the Indenture. 

Servicing Agreement and Servicing Agreements: As defined in the Recitals. 

Stop Date: As defined in Section 2(d). 

Subordinated Note: The promissory note in substantially the form of Exhibit A hereto as more fully described in Section 2(c), as the
same may be amended, restated, supplemented or otherwise modified from time to time. 
 Subservicer: Nationstar or other subservicers that may be
engaged by Advance Purchaser as subservicer for all of the Designated Servicing Agreements or for other servicing rights acquired by Advance Purchaser from time to time. 

  
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 Transferred Assets: As defined in Section 2(a)(ii). 

UCC: The Uniform Commercial Code in effect in all applicable jurisdictions. 

(b) The Designated Servicing Agreement Schedule, as may be amended, supplemented, restated, or otherwise modified from time to time in
accordance with the Transaction Documents, is incorporated by this reference into this Agreement. 
 Section 2. Transfer of
Receivables. 
 (a) Transferred Assets. 

(i) Commencing on the Closing Date, and until the opening of business on the MSR Transfer Date for each Designated Servicing
Agreement, Nationstar shall sell, assign, transfer and convey to Advance Purchaser, for a cash purchase price equal to 100% of the Receivable Balance thereof all of Nationstar’s right, title and interest, whether now owned or hereafter acquired
in, to and under, (1) each Advance Receivable (other than any Advance Receivable conveyed to the Issuer pursuant to an Assignment and Recognition Agreement in existence on the date of such Assignment and Recognition Agreement (each, an
“Existing Advance Receivable”)) in existence on the Closing Date that arose under the Servicing Agreements listed as “Designated Servicing Agreements” on the Designated Servicing Agreement Schedule as of the Closing
Date as the result of Nationstar making Advances under such Servicing Agreements prior to the respective MSR Transfer Dates (the “Nationstar Initial Advance Receivables”), (2) each Advance Receivable (other than any
Existing Advance Receivables) in existence on any Business Day on and after the Closing Date and until the opening of business on the related MSR Transfer Date and which arises under any Servicing Agreement that is listed as a “Designated
Servicing Agreement” on the Designated Servicing Agreement Schedule (“Nationstar Additional Advance Receivables” and together with the Nationstar Initial Advance Receivables, the “Nationstar Advance
Receivables”), and (3) in the case of both Nationstar Initial Advance Receivables and Nationstar Additional Advance Receivables, all monies due or to become due and all amounts received or receivable with respect thereto and all
proceeds (including “proceeds” as defined in the UCC), together with all rights of Nationstar and Advance Purchaser to enforce such Nationstar Advance Receivables (collectively, the “Nationstar Advance Receivable Transferred
Assets”). Nationstar affirms that it has sold, assigned, transferred and conveyed to Advance Purchaser pursuant to the Purchase Agreement (1) each Deferred Servicing Fee Receivable in existence on the Closing Date that arose under
the Servicing Agreements listed as “Designated Servicing Agreements” on the Designated Servicing Agreement Schedule as of the Closing Date (such Deferred Servicing Fee Receivables, other than any Deferred Servicing Fee Receivable conveyed
to the Issuer pursuant to an Assignment and Recognition Agreement in existence on the date of such Assignment and Recognition Agreement (each, an “Existing Deferred Servicing Fee Receivable” and together with the Existing
Advance Receivables, the “Existing Receivables”), the “Nationstar Initial Deferred Servicing Fee Receivables” and together with the Nationstar Initial Advance Receivables, the “Nationstar
Initial Receivables”), (2) each Deferred Servicing Fee Receivable on any Business Day on and after the Closing Date and until the opening of 

  
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business on the related MSR Transfer Date and which arises under any Servicing Agreement that is listed as a “Designated Servicing Agreement” on the Designated Servicing Agreement
Schedule (such Receivables, other than any Existing Deferred Servicing Fee Receivables, the “Nationstar Additional Deferred Servicing Fee Receivables” and together with the Nationstar Initial Deferred Servicing Fee
Receivables, the “Nationstar Deferred Servicing Fee Receivables”) and, separately, together with the Nationstar Additional Advance Receivables, the “Nationstar Additional Receivables”), and
(3) all monies due or to become due and all amounts received or receivable with respect thereto and all proceeds (including “proceeds” as defined in the UCC), together with all rights of Advance Purchaser to enforce such Nationstar
Initial Deferred Servicing Fee Receivables and Nationstar Additional Deferred Servicing Fee Receivables (collectively, the “Nationstar Deferred Servicing Fee Receivable Transferred Assets” and together with the Nationstar
Advance Receivable Transferred Assets, the “Nationstar Transferred Assets”). 
 (ii) Commencing on
the Closing Date, and until the close of business on the Receivables Sale Termination Date, subject to the provisions of this Agreement, Advance Purchaser hereby sells and/or contributes, assigns, transfers and conveys to the Depositor, and the
Depositor purchases and acquires from Advance Purchaser without recourse except as provided herein, all of Advance Purchaser’s right, title and interest, whether now owned or hereafter acquired, in, to and under (1) Nationstar Initial
Receivables, (2) each Receivable (other than any Existing Receivables) in existence on any Business Day on and after the Closing Date and prior to the Receivables Sale Termination Date (including the Nationstar Additional Receivables) that
arises under any Servicing Agreement that is listed as a “Designated Servicing Agreement” on the Designated Servicing Agreement Schedule (“Additional Receivables”), and (3) all monies due or to become due and
all amounts received or receivable with respect thereto and all proceeds (including “proceeds” as defined in the UCC) (including the Nationstar Transferred Assets), together with all rights of Advance Purchaser to enforce such Additional
Receivables (including the Nationstar Transferred Assets) (collectively, the “Transferred Assets”). Nationstar and Advance Purchaser hereby affirm that Deferred Servicing Fee Receivables that are ineligible for financing
under the Indenture will not be sold or transferred under the Purchase Agreement or hereunder and shall not otherwise constitute “Receivables” for purposes hereof or any other Transaction Document. Until the Receivables Sale Termination
Date, Advance Purchaser shall, automatically and without any further action on its part, sell and/or contribute, assign, transfer and convey to the Depositor, on each Business Day, each Additional Receivable not previously transferred to the
Depositor and the Depositor shall purchase each such Additional Receivable together with all of the other Transferred Assets related to such Receivable. 

(b) Advance Purchaser’s Purchase Price to Nationstar. In consideration of the sale to Advance Purchaser of the Nationstar Advance
Receivables and related Nationstar Advance Receivable Transferred Assets, on the terms and subject to the conditions set forth in this Agreement, Advance Purchaser shall, on each Sale Date, or otherwise promptly following such Sale Date if so agreed
by Nationstar and Advance Purchaser, pay and deliver to Nationstar, in immediately available funds, a purchase price (the “Advance Purchaser Purchase Price”) equal to 100% of the sum of the Receivable Balances of all Advance
Receivables sold by Nationstar to 

  
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Advance Purchaser on such Sale Date. For convenience purposes, Advance Purchaser may pay the cash purchase price for Nationstar Additional Advance Receivables periodically rather than daily, but
notwithstanding any delay in or failure of payment, Nationstar sells, assigns, transfers and conveys each Nationstar Additional Advance Receivable to Advance Purchaser when it is created in consideration of the transactions contemplated under the
Purchase Agreement and Advance Purchaser’s promise to pay the related Advance Purchaser Purchase Price pursuant to this section. Advance Purchaser has paid the purchase price for the Deferred Servicing Fee Receivables pursuant to the Purchase
Agreement. 
 (c) Depositor’s Purchase Price. In consideration of the sale, assignment, transfer and conveyance to the Depositor
of the Aggregate Receivables and related Transferred Assets, on the terms and subject to the conditions set forth in this Agreement, the Depositor shall, on each Sale Date, or otherwise promptly following such Sale Date if so agreed by Advance
Purchaser and the Depositor, pay and deliver to Advance Purchaser, in immediately available funds, a purchase price (the “Purchase Price”) equal to the fair market value of the Receivables sold by Advance Purchaser to the
Depositor on such Sale Date. To the extent that the Purchase Price of the Additional Receivables is greater than the cash portion of the Purchase Price, then the Depositor shall (i) first, pay such portion of the Purchase Price in the form of a
borrowing under the Promissory Note in substantially the form attached hereto as Exhibit A; provided however, that the Depositor may not make any borrowing under the Subordinated Note unless at the time of (and immediately after) each
borrowing thereunder, both before and after the sale transaction (1) the Depositor’s total assets exceed its total liabilities, (2) the Depositor’s cash on hand is sufficient to satisfy all of its current obligations (other than
its obligations under the Subordinated Note and the obligation to pay the Purchase Price), (3) the Depositor is adequately capitalized at a commercially reasonable level and (4) the Depositor has determined that its financial capacity to
meet its financial commitment under the Subordinated Note is adequate and (ii) second, to the extent the Depositor cannot make a borrowing under the Subordinated Note, accept a contribution to its capital from Advance Purchaser in an amount
equal to the remaining unpaid portion of the Purchase Price. Advance Purchaser is hereby authorized by the Depositor to endorse on the schedule attached to the Subordinated Note an appropriate notation evidencing the date and amount of each
advance thereunder, as well as the date of each payment with respect thereto, provided that the failure to make such notation shall not affect any obligation of the Depositor thereunder. Advance Purchaser shall record in its books and
records all increases in and payments in reduction of the outstanding principal amount of the Subordinated Note. 
 (d) Removal of
Designated Servicing Agreements or Receivables. On any date on and/or after the satisfaction of all conditions specified in Section 2.1(c)(ii) of the Indenture, Advance Purchaser may remove a Designated Servicing Agreement from the
Designated Servicing Agreement Schedule (each such Servicing Agreement so removed, a “Removed Servicing Agreement”). Upon the removal of a Designated Servicing Agreement from the Designated Servicing Agreement Schedule,
(i) except if Advance Purchaser conducts a Permitted Refinancing, all Receivables related to Advances made by or Deferred Servicing Fees accrued by the Servicer under such Removed Servicing Agreement previously transferred to the Depositor and
Granted to the Indenture Trustee for inclusion in the Trust Estate, shall remain subject to the lien of the Indenture, in which case the Receivables Seller may not assign to another Person any Receivables arising under that Removed Servicing
Agreement until all Receivables that arose under that Removed Servicing Agreement that are included in the Trust Estate shall have been 

  
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paid in full or sold in a Permitted Refinancing, and (ii) all Receivables related to such Removed Servicing Agreement arising on or after the date that the related Servicing Agreement was
removed from the Designated Servicing Agreement Schedule (the “Stop Date”) shall not be sold to the Depositor and shall not constitute Additional Receivables. 

(e) Nationstar Marking of Books and Records. Nationstar shall, at its own expense, on or prior to the applicable Sale Date, in the case
of Nationstar Additional Receivables, indicate in its books and records (including its computer records) that the Receivables arising under each Designated Servicing Agreement and the related Nationstar Transferred Assets have been sold, assigned,
transferred and conveyed to Advance Purchaser in accordance with this Agreement and the Purchase Agreement. Nationstar shall not alter the indication referenced in this paragraph with respect to any Receivable during the term of this Agreement
(except in accordance with Section 9(a)). If a third party, including a potential purchaser of a Receivable, should inquire as to the status of the Receivables, Nationstar shall promptly indicate to such third party that the Receivables
have been sold, assigned, transferred and conveyed and Nationstar (except in accordance with Section 9(a)) shall not claim any right, title or interest (including, but not limited to ownership interest) therein. 

(f) Advance Purchaser Marking of Books and Records. Advance Purchaser shall, at its own expense, on or prior to the applicable Sale
Date, in the case of Additional Receivables, indicate in its books and records (including its computer records) that the Receivables arising under each Designated Servicing Agreement and the related Transferred Assets have been sold, assigned,
transferred and conveyed to the Depositor in accordance with this Agreement. Advance Purchaser shall not alter the indication referenced in this paragraph with respect to any Receivable during the term of this Agreement (except in accordance with
Section 9(b)). If a third party, including a potential purchaser of a Receivable, should inquire as to the status of the Receivables, Advance Purchaser shall promptly indicate to such third party that the Receivables have been sold,
assigned, transferred and conveyed and Advance Purchaser (except in accordance with Section 9(b)) shall not claim any right, title or interest (including, but not limited to ownership interest) therein. 

Section 3. Nationstar’s and Advance Purchaser’s Acknowledgment and Consent to Assignment. 

(a) Acknowledgment and Consent to Assignment. Each of Nationstar and Advance Purchaser hereby acknowledges that the Depositor has sold
and/or contributed, assigned, transferred and conveyed to the Issuer, and that the Issuer has Granted to the Indenture Trustee, on behalf of the Noteholders, the rights (but not the obligations) of the Depositor under this Agreement, including,
without limitation, the right to enforce the obligations of each of Nationstar and Advance Purchaser hereunder. Each of Nationstar and Advance Purchaser hereby consents to such Grant by the Issuer to the Indenture Trustee pursuant to the Indenture
and acknowledges that each of the Issuer and the Indenture Trustee (on behalf of itself, the Noteholders, any Supplemental Credit Enhancement Provider and any Liquidity Provider) shall be a third party beneficiary in respect of the representations,
warranties, covenants, rights, indemnities and other benefits arising hereunder that are so Granted by the Issuer. Moreover, each of Nationstar and Advance Purchaser hereby authorizes and appoints as its attorney-in-fact the Depositor, the Issuer
and the Indenture Trustee, as the Issuer’s assignee, on behalf of the Depositor, to execute and deliver such documents or certificates as may be necessary in order to enforce its rights under this Agreement and its rights to collect the
Aggregate Receivables. 

  
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 (b) Access to Records. In connection with the conveyances hereunder and under the Purchase
Agreement, each of Nationstar and Advance Purchaser hereby grants to the Depositor (and its assigns) an irrevocable license to access all records relating to the Aggregate Receivables, without the need for any further documentation in connection
with any conveyance hereunder; provided, however, that the Depositor (and its assigns) may not exercise any right under such license until an Event of Default has occurred and is continuing; and provided further that such license is
for the limited purpose of administering and accounting for the Aggregate Receivables. In connection with such license, and subject to the foregoing provisos, each of Nationstar and Advance Purchaser hereby grants to the Depositor (and its assigns)
an irrevocable, non-exclusive license (subject to the restrictions contained in any license with respect thereto) to use, without royalty or payment of any kind, all software used by Nationstar or Advance Purchaser, as receivables seller or as
servicer as the case may be, to account for the Aggregate Receivables, to the extent necessary to administer the Aggregate Receivables and such software is owned by Nationstar or Advance Purchaser, as the case may be. With respect to software owned
by others and used by Nationstar or Advance Purchaser, as the case may be, under license agreements, Nationstar or Advance Purchaser, as the case may be, shall cooperate with the Depositor (and its assigns) to identify such software and the
applicable licensors thereof and provide such other information available to it and reasonably necessary in order for the Depositor to obtain its own licenses with respect to such software. The licenses granted by Nationstar or Advance Purchaser, as
the case may be, pursuant to this Section 3 with respect to software owned by it shall be irrevocable and shall terminate, with respect to Nationstar, on the last MSR Transfer Date, and with respect to Advance Purchaser, on the
Receivables Sale Termination Date. 
 Section 4. Representations, Warranties and Certain Covenants of Nationstar, as Servicer
(prior to the respective MSR Transfer Dates) and as Initial Receivables Seller. 
 Nationstar, as initial receivables seller and as
servicer (prior to the respective MSR Transfer Dates), hereby makes the following representations, warranties and covenants for the benefit of Advance Purchaser, on which Advance Purchaser is relying in purchasing the Nationstar Receivables and
executing this Agreement. The representations are made as of the date of this Agreement and as of each Sale Date prior to the related MSR Transfer Date, except as set forth herein with respect to the representations of Nationstar in its capacity as
Subservicer. Such representations and warranties shall survive the sale, assignment, transfer and conveyance of any Nationstar Receivables and any other related Nationstar Transferred Assets to Advance Purchaser. Nationstar affirms all
representations and warranties and covenants that it has made under the Purchase Agreement. 
 (a) General Representations, Warranties and
Covenants. 
 (i) Organization and Good Standing. Nationstar is a limited liability company duly organized and
validly existing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and
now has and until the final MSR Transfer Date, will continue to have, power, authority and legal right to acquire, own, hold, transfer, assign and convey the Nationstar Receivables. 

  
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 (ii) Due Qualification. Nationstar is and will continue to be duly
qualified to do business as a limited liability company in good standing, and has obtained and will keep in full force and effect all necessary licenses, permits and approvals, in all jurisdictions in which the ownership or lease of property or the
conduct of its business shall require such qualifications, licenses, permits or approvals and as to which the failure to obtain or to keep in full force and effect such licenses, permits or approvals would have a material and adverse impact upon the
value or collectability of the Nationstar Receivables and such failure cannot be subsequently cured for the purposes of enforcing contracts. 

(iii) Power and Authority. From the Closing Date and until the final MSR Transfer Date, Nationstar had (with respect to
the Purchase Agreement), has and will continue to have all requisite limited liability company power and authority to own the Nationstar Receivables, and Nationstar has and will continue to have all requisite limited liability company power and
authority to execute and deliver this Agreement, the Purchase Agreement, each other Transaction Document to which it is a party and any and all other instruments and documents necessary to consummate the transactions contemplated hereby or thereby
(collectively, the “Nationstar Related Documents”), and to perform each of its obligations under this Agreement and under the Nationstar Related Documents, and to consummate the transactions contemplated hereby and thereby.
The execution and delivery of this Agreement by Nationstar, and the execution and delivery of each of the applicable Nationstar Related Documents by Nationstar, the performance by Nationstar of its obligations hereunder and thereunder, and the
consummation of the transactions contemplated hereby and thereby have each been duly authorized by Nationstar and no further limited liability company action or other actions are required to be taken by Nationstar in connection therewith. 

(iv) Valid Transfer. Upon the execution and delivery of this Agreement, the related Assignment of Advance Receivables by
each of the parties hereto and thereto and delivery of and the Designated Servicing Agreement Schedule, this Agreement and such Assignment of Advance Receivables shall evidence a valid sale and/or contribution, transfer, assignment and conveyance of
the Nationstar Initial Advance Receivables as of the Closing Date and the Nationstar Additional Advance Receivables as of the applicable Sale Date to Advance Purchaser prior to the final MSR Transfer Date, which is enforceable against creditors of
and purchasers from Nationstar except as such enforceability may be limited by bankruptcy, insolvency or similar laws and by equitable principles. The Purchase Agreement evidences a valid sale, transfer, assignment and conveyance of the Nationstar
Deferred Servicing Fee Receivables to Advance Purchaser prior to the final MSR Transfer Date, which is enforceable against creditors of and purchasers from Nationstar except as such enforceability may be limited by bankruptcy, insolvency or similar
laws and by equitable principles. The related Assignment and Recognition Agreement evidences a valid sale, transfer, assignment and conveyance of the Existing Receivables from Prior Issuer to the Issuer, which is enforceable against creditors of and
purchasers from Nationstar or the Prior Issuer except as such enforceability may be limited by bankruptcy, insolvency or similar laws and by equitable principles. 

  
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 (v) Binding Obligation. The Purchase Agreement, this Agreement and each of
the other Transaction Documents to which Nationstar is a party has been, or when delivered will have been, duly executed and delivered and each constitutes the legal, valid and binding obligation of Nationstar, enforceable against Nationstar, in
accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency or similar laws and by equitable principles. 

(vi) Good Title. Immediately prior to each purchase of Nationstar Receivables hereunder or under the Purchase Agreement,
as applicable, Nationstar is the legal and beneficial owner of each such Receivable and the related Nationstar Transferred Assets with respect thereto, free and clear of any Adverse Claims other than Permitted Liens; and immediately upon the
transfer and assignment thereof, Advance Purchaser will have good and marketable title to, with the right to sell and encumber, each Nationstar Receivable, whether now existing or hereafter arising, together with the related Nationstar Transferred
Assets with respect thereto, free and clear of any Adverse Claims other than Permitted Liens. 
 (vii) Perfection.

 (A) This Agreement and the Purchase Agreement creates a valid and continuing security interest (as defined in the
applicable UCC) in the Nationstar Receivables and the related Nationstar Transferred Assets with respect thereto in favor of Advance Purchaser, which security interest is prior to all other Adverse Claims, and is enforceable as such against
creditors of and purchasers from Nationstar. The related Assignment and Recognition Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Existing Receivables and the related Nationstar Transferred
Assets with respect thereto in favor of the Issuer, which security interest is prior to all other Adverse Claims, and is enforceable as such against creditors of and purchasers from Nationstar or the related Prior Issuer; 

(B) Nationstar has caused the filing of all appropriate financing statements in the proper filing office in the appropriate
jurisdictions under the UCC in order to perfect the security interest in the Nationstar Receivables and the related Nationstar Transferred Assets granted to Advance Purchaser hereunder and under the Purchase Agreement; and 

(C) Nationstar has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Nationstar
Receivables and the related Nationstar Transferred Assets, other than under this Agreement and the Purchase Agreement, except pursuant to any agreement that has been terminated on or prior to the date hereof. Nationstar has not authorized the filing
of and is not aware of any financing statement filed against it covering the Nationstar 

  
 -13- 

 
Receivables and the related Nationstar Transferred Assets other than those filed in connection with this Agreement, the Purchase Agreement and the other Transaction Documents and those that have
been terminated on or prior to the date hereof or for which the lien with respect to the Receivables has been released. Nationstar is not aware of any judgment or tax lien filings against it. 

(viii) No Violation. Neither the execution, delivery and performance of this Agreement, the Purchase Agreement, the
other Transaction Documents to which it is a party or the applicable Nationstar Related Documents by Nationstar, nor the consummation by Nationstar of the transactions contemplated hereby or thereby nor the fulfillment of or compliance with the
terms and conditions of this Agreement, the Purchase Agreement, the Nationstar Related Documents or the other Transaction Documents to which Nationstar is a party (A) will violate the organizational documents of Nationstar, (B) will
constitute a default (or an event which, with notice or lapse of time or both, would constitute a default), or result in a breach or acceleration of, any material indenture, agreement or other material instrument to which Nationstar or any of its
Affiliates is a party or by which it or any of them is bound, or which may be applicable to Nationstar, (C) constitutes a default (whether with notice or lapse of time or both), or results in the creation or imposition of any Adverse Claim upon
any of the property or assets of Nationstar under the terms of any of the foregoing, or (D) violates any statute, ordinance or law or any rule, regulation, order, writ, injunction or decree of any court or of any public, governmental or
regulatory body, agency or authority applicable to Nationstar or its properties. 
 (ix) No Proceedings. There is no
action, suit or proceeding before or by any court or governmental agency or body, domestic or foreign, now pending, or to Nationstar’s knowledge, threatened, against Nationstar (A) in which a third party not affiliated with the Indenture
Trustee or a Noteholder asserts the invalidity of any of the Transaction Documents, (B) seeking to prevent the issuance of the Notes or the consummation of any of the transactions contemplated by any of the Transaction Documents,
(C) seeking any determination or ruling that should reasonably be expected to affect materially and adversely the performance by Nationstar or its Affiliates of their obligations under, or the validity or enforceability of, any of the
Transaction Documents or (D) relating to Nationstar or its Affiliates and which should reasonably be expected to affect adversely the federal income tax attributes of the Notes. 

(x) No Violation of Exchange Act or Regulations T, U or X. None of the transactions contemplated in the Transaction
Documents (including the use of the proceeds from the sale of the Notes) will result in a violation of Section 7 of the Exchange Act, or any regulations issued pursuant thereto, including Regulations T, U and X of the Board of Governors of the
Federal Reserve System, 12 C.F.R., Chapter II. 
 (xi) All Consents Obtained. All approvals, authorizations, consents,
orders or other actions of any persons or of any governmental body or official required in connection with the execution and delivery by Nationstar of the Purchase Agreement, this Agreement and the Transaction Documents to which Nationstar is a
party, the performance by Nationstar of the transactions contemplated by the Purchase Agreement, this Agreement and the other Transaction Documents to which it is a party and the fulfillment by Nationstar of the terms hereof and thereof, including
without limitation, the transfer of Receivables from Nationstar to Advance Purchaser, have been obtained. 

  
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 (xii) Not an Investment Company. Nationstar is not required to be
registered as an “investment company” or a company “controlled” by a company required to be registered as an “investment company” within the meaning of the Investment Company Act, and none of the execution, delivery or
performance of obligations under this Agreement, the Purchase Agreement or any of the Transaction Documents, or the consummation of any of the transactions contemplated thereby (including, without limitation, the sale of the Transferred Assets
hereunder) will violate any provision of the Investment Company Act, or any rule, regulation or order issued by the Securities and Exchange Commission thereunder. 

(xiii) All Taxes, Fees and Charges Relating to Transaction and Transaction Documents Paid. Any taxes, fees and other
governmental charges due and payable by Nationstar in connection with the execution and delivery of the Purchase Agreement, this Agreement and the transactions contemplated hereby have been or will be paid by Nationstar at or prior to the date of
this Agreement or such other date when such taxes are due (other than any taxes being disputed in good faith in respect of which Nationstar has appropriate reserves). 

(xiv) No Broker, Finder or Financial Adviser Other Than Pursuant to a Note Purchase Agreement. None of Nationstar nor
any of its officers, directors, employees or agents has employed any broker, finder or financial adviser or incurred any liability for fees or commissions to any person except in connection with the offering, issuance or sale of the Notes of any
Class (other than any Retained Notes) pursuant to a Note Purchase Agreement. 
 (xv) Solvency. Nationstar, both prior
to and after giving effect to each sale of Receivables with respect to the Designated Servicing Agreements on each Sale Date or on the Closing Date, as applicable prior to the final MSR Transfer Date, (1) is not, and will not be,
“insolvent” (as such term is defined in § 101(32)(A) of the Bankruptcy Code), (2) is, and will be, able to pay its debts as they become due, and (3) does not have unreasonably small capital for the business in which it is
engaged or for any business or transaction in which it is about to engage. 
 (xvi) Information to Note Rating
Agencies. All information provided by Nationstar to any Note Rating Agency in connection with the Notes, taken together, is true and correct in all material respects. 

  
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 (xvii) No Fraudulent Conveyance. Nationstar has sold or is selling, as
applicable, the Nationstar Receivables to Advance Purchaser in furtherance of its ordinary business purposes, with no intent to hinder, delay or defraud any of its creditors. 

(xviii) Ability to Perform Obligations. Nationstar does not believe, nor does it have any reasonable cause to believe,
that it cannot perform each and every covenant contained in this Agreement in all material respects. 
 (xix)
Information. The documents, certificates and reports furnished by Nationstar in writing pursuant to this Agreement, any other Transaction Document or in connection with the transactions contemplated hereby or thereby, taken together, do not
contain and will not contain when furnished any untrue statement of a material fact. There are no facts relating to and known by Nationstar which when taken as a whole may impair the ability of Nationstar to perform its obligations under this
Agreement or any other Transaction Document, which have not been disclosed herein or in the certificates and other documents furnished by or on behalf of Nationstar pursuant hereto or thereto specifically for use in connection with the transactions
contemplated hereby or thereby. 
 (xx) Fair Consideration. The aggregate consideration received by Nationstar
pursuant to this Agreement and the Purchase Agreement is fair consideration having reasonably equivalent value to the value of the Aggregate Receivables and the performance of the obligations of Nationstar, as receivables seller, hereunder. 

(xxi) Bulk Transfer. No sale, contribution, transfer, assignment or conveyance of Receivables by Nationstar to Advance
Purchaser contemplated by this Agreement or the Purchase Agreement will be subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction. 

(xxii) Name. The legal name of Nationstar is as set forth in this Agreement and Nationstar does not have any trade
names, fictitious names, assumed names or “doing business” names. 
 (xxiii) Default. As of the Closing Date
and until the final MSR Transfer Date, Nationstar is not in default (or subject to termination as servicer (prior to the respective MSR Transfer Dates)) under any material agreement, contract, instrument or indenture to which such Person is a party
or by which it or its properties is or are bound (including without limitation, each Designated Servicing Agreement), or with respect to any order of any court, administrative agency, arbitrator or governmental body which should reasonably be
expected to have a material adverse effect on the transactions contemplated hereunder, and no event has occurred which with notice or lapse of time or both would constitute such a default with respect to any such agreement, contract, instrument or
indenture, or with respect to any such order of any court, administrative agency, arbitrator or governmental body. 
 (xxiv)
Reimbursement or Payment of Receivables. Nationstar has no reason to believe that at the time of the transfer of any Receivables to Advance Purchaser pursuant hereto or the Purchase Agreement prior to the final MSR Transfer Date, such
Receivables will not be reimbursed or paid in full. 
 (xxv) Eligible Subservicer. With respect to any Designated
Servicing Agreement, on and after each MSR Transfer Date, Nationstar is an Eligible Subservicer. 

  
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 (xxvi) No Change in Condition of Nationstar. Since December 31, 2013,
there has been no change in the business, operations, financial condition, properties or assets of Nationstar which would have a material adverse effect on its ability to perform its obligations under this Agreement, the Purchase Agreement or any
other Transaction Document or materially adversely affect the transactions contemplated under this Agreement or any other Transaction Document to which it is a party. 

(xxvii) Good Standing. Nationstar is in good standing to sell and service mortgage loans and no event has occurred which
would make Nationstar unable to comply with eligibility requirements that could reasonably be expected to result in a material Adverse Effect. 

(xxviii) Compliance With Laws. Nationstar has complied or shall comply in all respects with all applicable laws, rules,
regulations, orders, writs, judgments, injunctions or decrees to which it may be subject, except where the failure to so comply should not be reasonably expected to have a material Adverse Effect or a material adverse effect on the financial
condition or operations of Nationstar, or the ability of Nationstar to perform its obligations hereunder, under the Purchase Agreement or under any of the other Transaction Documents to which it is a party. 

(xxix) Accounting. Nationstar accounts for the transactions contemplated by this Agreement as a sale of the Nationstar
Receivables from Nationstar to Advance Purchaser. 
 (b) Representations, Warranties and Covenants of Nationstar Concerning the Nationstar
Initial Receivables and Nationstar Additional Receivables. 
 (i) Facility Eligible Receivables. Each Nationstar
Receivable is payable in United States dollars, is a Facility Eligible Receivable and is transferred pursuant to a Designated Servicing Agreement that is a Facility Eligible Servicing Agreement (except those transferred pursuant to any Ineligible
Designated Servicing Agreement), and, if it is an Advance Receivable, the Advance related to such Nationstar Receivable has been fully funded by Nationstar (or any predecessor servicer) using its own funds and/or Amounts Held for Future Distribution
(to the extent permitted under the related Designated Servicing Agreement) and/or amounts received by Nationstar from (or on behalf of) Advance Purchaser under this Agreement; provided that notwithstanding the foregoing, Nationstar makes no
representation or warranty (i) as to the status of title or any interest of the Depositor, the Issuer or the Indenture Trustee to or in any Nationstar Receivables, (ii) with respect to any transfer of Receivables by Advance Purchaser, the
Depositor or the Issuer, (iii) as to any actions or inactions of Advance Purchaser, the Depositor or the Issuer concerning the Receivables or as to the accuracy of any representation or warranty of such parties concerning the Receivables,
(iv) as to clause (vii) of the definition of “Facility Eligible Receivable,” (except to the extent covered in other representations by Nationstar in this Agreement), or (v) with respect to Receivables arising under any
Ineligible Designated Servicing Agreement. Each Receivable arises from an Advance or Deferred Servicing Fee for which Nationstar is entitled to reimbursement or payment, as applicable, pursuant to a Designated Servicing Agreement. 

  
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 (ii) Assignment Permitted under Servicing Agreements. Each Nationstar
Receivable arising under a Designated Servicing Agreement is fully transferable and such transfer will not violate the terms of, or require the consent of any Person under the related Designated Servicing Agreement or any other document or agreement
to which Nationstar is a party or to which its assets or properties are subject (other than any consents that have been obtained). 

(iii) Schedule of Receivables. The information set forth in the Schedule of Receivables hereto shall be true and correct
as of the date of this Agreement and each Funding Date. 
 (iv) No Fraud. As of any Sale Date through the final MSR
Transfer Date, with respect to the Nationstar Receivables transferred on such date, no Receivable has been identified by Nationstar or reported to Nationstar by the related MBS Trustee as having resulted from fraud perpetrated by any Person. 

(v) No Impairment of Nationstar’s Rights. As of the Closing Date, or as of any Sale Date with respect to any
Nationstar Receivables sold by Nationstar through the final MSR Transfer Date on such date, neither Nationstar nor any other Person has taken any action that, or failed to take any action the omission of which, would materially impair its rights or
the rights of its assignees, with respect to any Nationstar Receivables. 
 (vi) No Defenses. As of the related Sale
Date through the final MSR Transfer Date, each Nationstar Receivable represents valid entitlement to be paid, has not been reimbursed or paid in whole or in part or been compromised, adjusted, extended, satisfied, subordinated, rescinded, waived,
amended or modified, and is not subject to compromise, adjustment, extension, satisfaction, subordination, rescission, set-off, counterclaim, defense, waiver, amendment or modification by any Person. 

(vii) No Action to Impair Collectability. Nationstar has not taken (or omitted to take) and will not take (or omit to
take), and has no notice that any other Person has taken (or omitted to take) or will take (or omit to take) any action that could impair the collectability of any Nationstar Receivable. 

(viii) No Pending Proceedings. There are no proceedings pending, or, to the best of Nationstar’s knowledge,
threatened, wherein any governmental agency has (A) alleged that any Nationstar Receivable is illegal or unenforceable, (B) asserted the invalidity of any Nationstar Receivable or (C) sought any determination or ruling that might
adversely affect the payment or enforceability of any Nationstar Receivable. 
 (ix) Nationstar’s Reporting
Obligations. With respect to each Nationstar Receivable, Nationstar is not aware of any circumstances which could reasonably be expected to make it unable to perform its reporting obligations as set forth in the Indenture in any material
respect. 
 (x) UCC Classification. No Nationstar Receivable is secured by “real property” or
“fixtures” or evidenced by an “instrument” under and as defined in the UCC. The Nationstar Receivables constitute “general intangibles,” “accounts,” or “payment intangibles” within the meaning of the
applicable UCC. 

  
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 (xi) Enforceability; Compliance with Laws. Each Nationstar Receivable is
enforceable in accordance with its terms set forth in the related Designated Servicing Agreement. Each Advance complied with all applicable laws, including those relating to consumer protection, is valid and enforceable and, at the time it is sold
to Advance Purchaser, will not be subject to any set-off, counterclaim or other defense to payment by the Obligor, the related securitization trust, the related MBS Trustee, or any other party. 

(xii) No Consent Required. Each Nationstar Receivable is assignable by Nationstar, and by Advance Purchaser and its
successors and assigns, without the consent of any other Person (except any such consent that shall have been obtained), and upon acquiring the Nationstar Receivables, Advance Purchaser will have the right to pledge the Nationstar Receivables
without the consent of any other Person (except any such consent that shall have been obtained) and without any other restrictions on such pledge. 

(xiii) No Government Receivables. No Nationstar Receivable is due from the United States of America or any state or from
any agency, department or instrumentality of the United States of America or any state thereof. 
 (c) Survival. It is understood and
agreed that the representations and warranties set forth in Section 4(a) and Section 4(b) shall continue throughout the term of this Agreement. 

It is understood and agreed that the representations and warranties made by Nationstar, as initial receivables seller and as servicer (prior to
the respective MSR Transfer Dates), pursuant to this Agreement and the Purchase Agreement, on which Advance Purchaser, the Depositor and the Issuer are relying in accepting the Nationstar Receivables, on which Advance Purchaser and the Depositor are
relying in executing this Agreement, on which the Issuer is relying in executing the Receivables Pooling Agreement and on which the Noteholders are relying in purchasing the Notes, and the rights and remedies of Advance Purchaser and its assignees
under this Agreement and the Purchase Agreement against Nationstar pursuant to this Agreement, inure to the benefit of Advance Purchaser, the Depositor, the Issuer, the Indenture Trustee for the benefit of the Noteholders, as the assignees of
Advance Purchaser’s rights hereunder and under the Purchase Agreement. Such representations and warranties and the rights and remedies for the breach thereof shall survive the sale, assignment, transfer and conveyance of any Nationstar
Receivables from Nationstar to Advance Purchaser and its assignees, and the conveyance thereof by Advance Purchaser to the Depositor and its assignees, and the pledge thereof by the Issuer to the Indenture Trustee for the benefit of the Noteholders
and shall be fully exercisable by the Indenture Trustee for the benefit of the Noteholders. 
 (d) Remedies Upon Breach. Nationstar
shall inform Advance Purchaser, the Indenture Trustee and the Administrative Agent promptly, in writing, upon the discovery of any breach of its representations, warranties or covenants hereunder. Unless such breach shall have been cured or waived
within thirty (30) days after the earlier to occur of the discovery of such breach by Nationstar or receipt of written notice of such breach by Nationstar, such that, in the case of a representation and warranty, such representation and
warranty shall be true and correct 

  
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in all material respects as if made on such day, and Nationstar shall have delivered to Advance Purchaser an officer’s certificate describing the nature of such breach and the manner in
which the relevant representation and warranty became true and correct or the breach was otherwise cured, Nationstar shall indemnify its assignees (including Advance Purchaser, the Depositor, the Issuer, the Indenture Trustee and each of their
respective assignees), against and hold its assignees (including Advance Purchaser, the Depositor, the Issuer, the Indenture Trustee and each of their respective assignees) harmless from any cost, liability and expense, including, without
limitation, reasonable attorneys’ fees and expenses, whether incurred in enforcement proceedings between the parties or otherwise, incurred as a result of, or arising from, such breach, the amount of which shall equal the Receivables Balance of
any affected Nationstar Receivable and each such purchase or indemnification amount to be paid hereunder, an “Indemnity Payment”. This Section 4(d) sets forth the exclusive remedy for a breach of representation,
warranty or covenant by Nationstar, pertaining to a Nationstar Receivable sold by Nationstar. Advance Purchaser may waive the payment by Nationstar of any requirement to make any Indemnity Payment if Advance Purchaser makes such Indemnity Payment
for such Receivable pursuant to Section 5 below. Notwithstanding the foregoing, the breach of any representation, warranty or covenant shall not be waived by the Issuer under any circumstances without the consent of the Series Required
Noteholders of all Outstanding Series of Notes. 
 Section 5. Representations, Warranties and Certain Covenants of Advance
Purchaser, as Servicer (on and after the respective MSR Transfer Dates) and as Receivables Seller. 
 Advance Purchaser, as
receivables seller and as servicer (on and after the respective MSR Transfer Dates), hereby makes the following representations, warranties and covenants for the benefit of the Depositor, the Issuer, and the Indenture Trustee for the benefit of the
Noteholders, on which the Depositor is relying in purchasing the Aggregate Receivables and executing this Agreement, on which the Issuer is relying in purchasing the Aggregate Receivables and executing the Receivables Pooling Agreement, and on which
the Noteholders are relying in purchasing the Notes. The representations are made as of the date of this Agreement, and as of each Sale Date. Such representations and warranties shall survive the sale and/or contribution, assignment, transfer and
conveyance of any Receivables and any other related Transferred Assets to the Depositor and the Issuer. 
 (a) General Representations,
Warranties and Covenants. 
 (i) Organization and Good Standing. Advance Purchaser is a limited liability company
duly organized and validly existing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all
relevant times, and now has and so long as any Notes are outstanding, will continue to have, power, authority and legal right to acquire, own, hold, transfer, assign and convey the Receivables. 

  
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 (ii) Due Qualification. Advance Purchaser is and will continue to be duly
qualified to do business as a limited liability company in good standing, and has obtained and will keep in full force and effect all necessary licenses, permits and approvals, in all jurisdictions in which the ownership or lease of property or the
conduct of its business shall require such qualifications, licenses, permits or approvals and as to which the failure to obtain or to keep in full force and effect such licenses, permits or approvals would have a material and adverse impact upon the
value or collectability of the Receivables and such failure cannot be subsequently cured for the purposes of enforcing contracts. 

(iii) Power and Authority. Advance Purchaser has and will continue to have all requisite limited liability company power
and authority to own the Receivables, and Advance Purchaser has and will continue to have all requisite limited liability company power and authority to execute and deliver this Agreement, the initial Designated Servicing Agreement Schedule and each
subsequent Designated Servicing Agreement Schedule, each other Transaction Document to which it is a party and any and all other instruments and documents necessary to consummate the transactions contemplated hereby or thereby (collectively, the
“Advance Purchaser Related Documents”), and to perform each of its obligations under this Agreement and under the Advance Purchaser Related Documents, and to consummate the transactions contemplated hereby and thereby. The
execution and delivery of this Agreement by Advance Purchaser, and the execution and delivery of each of the Advance Purchaser Related Documents by Advance Purchaser, the performance by Advance Purchaser of its obligations hereunder and thereunder,
and the consummation of the transactions contemplated hereby and thereby have each been duly authorized by Advance Purchaser and no further limited liability company action or other actions are required to be taken by Advance Purchaser in connection
therewith. 
 (iv) Valid Transfer. Upon the execution and delivery of this Agreement, each Assignment of Receivables
and the Designated Servicing Agreement Schedule by each of the parties hereto, this Agreement shall evidence a valid sale, transfer, assignment and conveyance of the Initial Receivables as of the Closing Date and the Additional Receivables as of the
applicable Sale Date to the Depositor, which is enforceable against creditors of and purchasers from Advance Purchaser except as such enforceability may be limited by bankruptcy, insolvency or similar laws and by equitable principles. 

(v) Binding Obligation. This Agreement and each of the other Transaction Documents to which Advance Purchaser is a party
has been, or when delivered will have been, duly executed and delivered and constitutes the legal, valid and binding obligation of Advance Purchaser, enforceable against Advance Purchaser, in accordance with its terms, except as such enforceability
may be limited by bankruptcy, insolvency or similar laws and by equitable principles. 
 (vi) Good Title. Immediately
prior to each Purchase of Receivables hereunder, Advance Purchaser is the legal and beneficial owner of each such Receivable and the related Transferred Assets with respect thereto, free and clear of any Adverse Claims other than Permitted Liens;
and immediately upon the transfer and assignment thereof, the Depositor and its assignees will have good and marketable title to, with the right to sell and encumber, each Receivable, whether now existing or hereafter arising, together with the
related Transferred Assets with respect thereto, free and clear of any Adverse Claims other than Permitted Liens. 

  
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 (vii) Perfection. 

(A) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Aggregate
Receivables and the related Transferred Assets with respect thereto in favor of the Depositor, which security interest is prior to all other Adverse Claims, and is enforceable as such against creditors of and purchasers from Advance Purchaser; 

(B) Advance Purchaser has caused the filing of all appropriate financing statements in the proper filing office in the
appropriate jurisdictions under the UCC in order to perfect the security interest in the Aggregate Receivables and the related Transferred Assets granted to the Depositor hereunder; and 

(C) Advance Purchaser has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the
Aggregate Receivables and the related Transferred Assets, other than under this Agreement, except pursuant to any agreement that has been terminated on or prior to the date hereof. Advance Purchaser has not authorized the filing of and is not aware
of any financing statement filed against it, the Depositor or the Issuer covering the Aggregate Receivables and the related Transferred Assets other than those filed in connection with this Agreement and the other Transaction Documents and those
that have been terminated on or prior to the date hereof or for which the lien with respect to the Receivables has been released. Advance Purchaser is not aware of any judgment or tax lien filings against it. 

(viii) No Violation. Neither the execution, delivery and performance of this Agreement, the other Transaction Documents
or the Related Documents by Advance Purchaser, nor the consummation by Advance Purchaser of the transactions contemplated hereby or thereby nor the fulfillment of or compliance with the terms and conditions of this Agreement, the Related Documents
or the other Transaction Documents to which Advance Purchaser is a party (A) will violate the organizational documents of Advance Purchaser, (B) will constitute a default (or an event which, with notice or lapse of time or both, would
constitute a default), or result in a breach or acceleration of, any material indenture, agreement or other material instrument to which Advance Purchaser or any of its Affiliates is a party or by which it or any of them is bound, or which may be
applicable to Advance Purchaser, (C) constitutes a default (whether with notice or lapse of time or both), or results in the creation or imposition of any Adverse Claim upon any of the property or assets of Advance Purchaser under the terms of
any of the foregoing, or (D) violates any statute, ordinance or law or any rule, regulation, order, writ, injunction or decree of any court or of any public, governmental or regulatory body, agency or authority applicable to Advance Purchaser
or its properties. 
 (ix) No Proceedings. There is no action, suit or proceeding before or by any court or
governmental agency or body, domestic or foreign, now pending, or to Advance Purchaser’s knowledge, threatened, against Advance Purchaser (A) in which a third party not affiliated with the Indenture Trustee or a Noteholder asserts the
invalidity of any of 

  
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the Transaction Documents, (B) seeking to prevent the issuance of the Notes or the consummation of any of the transactions contemplated by any of the Transaction Documents, (C) seeking
any determination or ruling that should reasonably be expected to affect materially and adversely the performance by Advance Purchaser or its Affiliates of their obligations under, or the validity or enforceability of, any of the Transaction
Documents or (D) relating to Advance Purchaser or its Affiliates and which should reasonably be expected to affect adversely the federal income tax attributes of the Notes. 

(x) Ownership of Depositor. Advance Purchaser owns 100% of the membership interest in the Depositor. No Person other
than Advance Purchaser has any rights to acquire membership interests in the Depositor. Advance Purchaser shall not assign, sell, convey or otherwise transfer its ownership of the membership interest in the Depositor, without the prior written
consent of the Administrative Agent, which consent shall not be unreasonably withheld, it being understood that the Administrative Agent shall consider, among other things, whether there continues to be adequate consideration for the Receivables
transfers from Advance Purchaser to the Depositor, following any such transfer. 
 (xi) Ownership of Issuer. 100% of
the Owner Trust Certificate of the Issuer is owned by the Depositor. No Person other than the Depositor has any rights to acquire all or any portion of the Owner Trust Certificate in the Issuer. 

(xii) No Violation of Exchange Act or Regulations T, U or X. None of the transactions contemplated in the Transaction
Documents (including the use of the proceeds from the sale of the Notes) will result in a violation of Section 7 of the Exchange Act, or any regulations issued pursuant thereto, including Regulations T, U and X of the Board of Governors of the
Federal Reserve System, 12 C.F.R., Chapter II. 
 (xiii) All Consents Obtained. All approvals, authorizations,
consents, orders or other actions of any persons or of any governmental body or official required in connection with the execution and delivery by Advance Purchaser or the Depositor of this Agreement and the Transaction Documents to which Advance
Purchaser, the Depositor or the Issuer is a party, the performance by Advance Purchaser of the transactions contemplated by this Agreement and the other Transaction Documents to which it is a party and the fulfillment by Advance Purchaser of the
terms hereof and thereof, including without limitation, the transfer of Receivables from Advance Purchaser to the Depositor and from the Depositor to the Issuer and the pledge thereof by the Issuer to the Indenture Trustee, have been obtained. 

  
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 (xiv) Not an Investment Company. None of Advance Purchaser, the Depositor,
the Issuer nor the Trust Estate is required to be registered as an “investment company” or a company “controlled” by a company required to be registered as an “investment company” within the meaning of the Investment
Company Act, and none of the execution, delivery or performance of obligations under this Agreement or any of the Transaction Documents, or the consummation of any of the transactions contemplated thereby (including, without limitation, the sale of
the Transferred Assets hereunder) will violate any provision of the Investment Company Act, or any rule, regulation or order issued by the Securities and Exchange Commission thereunder. 

(xv) All Taxes, Fees and Charges Relating to Transaction and Transaction Documents Paid. Any taxes, fees and other
governmental charges due and payable by Advance Purchaser, the Depositor or the Issuer in connection with the execution and delivery of this Agreement and the transactions contemplated hereby have been or will be paid by Advance Purchaser or the
Depositor at or prior to the date of this Agreement or such other date which taxes are due (other than any taxes being disputed in good faith in respect of which Advance Purchaser has appropriate reserves). 

(xvi) No Broker, Finder or Financial Adviser Other Than Pursuant to a Note Purchase Agreement. None of Advance Purchaser
nor any of its officers, directors, employees or agents has employed any broker, finder or financial adviser or incurred any liability for fees or commissions to any person except in connection with the offering, issuance or sale of the Notes of any
Class (other than any Retained Notes) pursuant to a Note Purchase Agreement. 
 (xvii) Solvency. Advance Purchaser,
both prior to and after giving effect to each sale of Receivables with respect to the Designated Servicing Agreements on each Sale Date, (1) is not, and will not be, “insolvent” (as such term is defined in § 101(32)(A) of the
Bankruptcy Code), (2) is, and will be, able to pay its debts as they become due, and (3) does not have unreasonably small capital for the business in which it is engaged or for any business or transaction in which it is about to engage.

 (xviii) Information to Note Rating Agencies. All information provided by Advance Purchaser to any Note Rating
Agency in connection with the Notes, taken together, is true and correct in all material respects. 
 (xix) No Fraudulent
Conveyance. Advance Purchaser is selling the Aggregate Receivables to the Depositor in furtherance of its ordinary business purposes, with no intent to hinder, delay or defraud any of its creditors. 

(xx) Ability to Perform Obligations. Advance Purchaser does not believe, nor does it have any reasonable cause to
believe, that it cannot perform each and every covenant contained in this Agreement in all material respects. 
 (xxi)
Information. The documents, certificates or reports furnished by Advance Purchaser in writing pursuant to this Agreement, any other Transaction Document or in connection with the transactions contemplated hereby or thereby, taken together, do
not 

  
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contain and will not contain when furnished any untrue statement of a material fact. There are no facts relating to and known by Advance Purchaser which when taken as a whole may impair the
ability of Advance Purchaser to perform its obligations under this Agreement or any other Transaction Document, which have not been disclosed herein or in the certificates and other documents furnished by or on behalf of Advance Purchaser pursuant
hereto or thereto specifically for use in connection with the transactions contemplated hereby or thereby. 
 (xxii) Fair
Consideration. The aggregate consideration received by Advance Purchaser, as receivables seller, pursuant to this Agreement is fair consideration having reasonably equivalent value to the value of the Aggregate Receivables and the performance of
the obligations of Advance Purchaser, as receivables seller, hereunder. 
 (xxiii) Bulk Transfer. No sale,
contribution, transfer, assignment or conveyance of Receivables by Advance Purchaser, as receivables seller, to the Depositor contemplated by this Agreement or by the Depositor to the Issuer pursuant to the Receivables Pooling Agreement will be
subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction. 
 (xxiv)
Name. The legal name of Advance Purchaser is as set forth in this Agreement and Advance Purchaser does not have any trade names, fictitious names, assumed names or “doing business” names. 

(xxv) Default. None of Advance Purchaser, the Depositor or the Issuer is in default (or, with respect to Advance
Purchaser, subject to termination as servicer (on and after the respective MSR Transfer Dates)) under any material agreement, contract, instrument or indenture to which such Person is a party or by which it or its properties is or are bound
(including without limitation, each Designated Servicing Agreement), or with respect to any order of any court, administrative agency, arbitrator or governmental body which should reasonably be expected to have a material adverse effect on the
transactions contemplated hereunder, and no event has occurred which with notice or lapse of time or both would constitute such a default with respect to any such agreement, contract, instrument or indenture, or with respect to any such order of any
court, administrative agency, arbitrator or governmental body. 
 (xxvi) Reimbursement or Payment of Receivables.
Advance Purchaser has no reason to believe that at the time of the transfer of any Receivables to the Depositor pursuant hereto, such Receivables will not be reimbursed or paid in full. 

(xxvii) No Change in Condition of Advance Purchaser. Since each related MSR Transfer Date for each Designated Servicing
Agreement, there has been no change in the business, operations, financial condition, properties or assets of Advance Purchaser, as Servicer, which would have a material adverse effect on its ability to perform its obligations under this Agreement
or any other Transaction Document or materially adversely affect the transactions contemplated under this Agreement or any other Transaction Document. 

  
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 (xxviii) Good Standing. Advance Purchaser is in good standing to sell and
service mortgage loans and no event has occurred which would make Advance Purchaser unable to comply with eligibility requirements that could reasonably be expected to result in a material Adverse Effect. 

(xxix) Compliance With Laws. Advance Purchaser has complied or shall comply in all respects with all applicable laws,
rules, regulations, orders, writs, judgments, injunctions or decrees to which it may be subject, except where the failure to so comply should not be reasonably expected to have a material Adverse Effect or a material adverse effect on the financial
condition or operations of Nationstar, or the ability of Advance Purchaser, the Depositor or the Issuer to perform their respective obligations hereunder or under any of the other Transaction Documents. 

(xxx) Accounting. Advance Purchaser accounts for the transactions contemplated by this Agreement as a sale from Advance
Purchaser to the Depositor, except to the extent that such sales are not recognized under GAAP due to consolidated financial reporting. 

(xxxi) Appointment of Subservicers. Advance Purchaser shall not appoint any Subservicer other than Nationstar unless and
until each rating agency that rated the related mortgage-backed securities as stated in the documentation for the related securitization trust (if applicable to the related Mortgage Pool), shall have delivered written confirmation that the
appointment of such Subservicer will not result in a reduction of the then-current ratings of such securities, if rating agency confirmation is required for the appointment of a subservicer by Advance Purchaser under the related Designated Servicing
Agreement. 
 (b) Representations, Warranties and Covenants of Advance Purchaser Concerning the Receivables. 

(i) Facility Eligible Receivables. Each Receivable is payable in United States dollars, is a Facility Eligible
Receivable and is transferred pursuant to a Designated Servicing Agreement that is a Facility Eligible Servicing Agreement (except those transferred pursuant to any Ineligible Designated Servicing Agreement); provided that notwithstanding the
foregoing, Advance Purchaser makes no representation or warranty with respect to Receivables arising under any Ineligible Designated Servicing Agreement. Each Receivable arises from an Advance or Deferred Servicing Fee for which Advance Purchaser is
entitled to reimbursement or payment, as applicable, pursuant to a Designated Servicing Agreement. 
 (ii) Assignment
Permitted under Servicing Agreements. Each Receivable arising under a Designated Servicing Agreement is fully transferable and such transfer will not violate the terms of, or require the consent of any Person under the related Designated
Servicing Agreement or any other document or agreement to which Advance Purchaser is a party or to which its assets or properties are subject (other than any consents that have been obtained). 

  
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 (iii) Schedule of Receivables. The information set forth in the Schedule
of Receivables hereto shall be true and correct as of the date of this Agreement and each Funding Date. 
 (iv) No
Fraud. As of any Sale Date, with respect to the Receivables transferred on such date, no Receivable has been identified by Advance Purchaser or reported to Nationstar by the related MBS Trustee as having resulted from fraud perpetrated by any
Person. 
 (v) No Impairment of Advance Purchaser’s Rights. As of the Closing Date, or as of any Sale Date with
respect to any Receivables sold on such date, neither Advance Purchaser nor any other Person has taken any action that, or failed to take any action the omission of which, would materially impair its rights or the rights of its assignees, with
respect to any Receivables. 
 (vi) No Defenses. As of the related Sale Date, each Receivable represents valid
entitlement to be paid, has not been reimbursed or paid in whole or in part or been compromised, adjusted, extended, satisfied, subordinated, rescinded, waived, amended or modified, and is not subject to compromise, adjustment, extension,
satisfaction, subordination, rescission, set-off, counterclaim, defense, waiver, amendment or modification by any Person. 

(vii) No Action to Impair Collectability. Advance Purchaser has not taken (or omitted to take) and will not take (or
omit to take), and has no notice that any other Person has taken (or omitted to take) or will take (or omit to take) any action that could impair the collectability of any Receivable. 

(viii) No Pending Proceedings. There are no proceedings pending, or, to the best of Advance Purchaser’s knowledge,
threatened, wherein any governmental agency has (A) alleged that any Receivable is illegal or unenforceable, (B) asserted the invalidity of any Receivable or (C) sought any determination or ruling that might adversely affect the
payment or enforceability of any Receivable. 
 (ix) Advance Purchaser’s Reporting Obligations. With respect to
each Receivable, Advance Purchaser is not aware of any circumstances which could reasonably be expected to make it unable to perform its reporting obligations as set forth in the Indenture in any material respect. 

(x) UCC Classification. No Receivable is secured by “real property” or “fixtures” or evidenced by an
“instrument” under and as defined in the UCC. The Aggregate Receivables constitute “general intangibles,” “accounts,” or “payment intangibles” within the meaning of the applicable UCC. 

(xi) Enforceability; Compliance with Laws. Each Receivable is enforceable in accordance with its terms set forth in the
related Designated Servicing Agreement. Each Advance complied with all applicable laws, including those relating to consumer protection, is valid and enforceable and, at the time it is sold to the Depositor, will not be subject to any set-off,
counterclaim or other defense to payment by the Obligor, the related securitization trust, the related MBS Trustee, or any other party. 

  
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 (xii) No Consent Required. Each Receivable is assignable by Advance
Purchaser, and by the Depositor and its successors and assigns, without the consent of any other Person (except any such consent that shall have been obtained), and upon acquiring the Receivables the Issuer will have the right to pledge the
Receivables without the consent of any other Person (except any such consent that shall have been obtained) and without any other restrictions on such pledge. 

(xiii) No Government Receivables. No Receivable is due from the United States of America or any state or from any
agency, department or instrumentality of the United States of America or any state thereof. 
 (c) Survival. It is understood and
agreed that the representations and warranties set forth in Section 5(a) and Section 5(b) shall continue throughout the term of this Agreement. 

It is understood and agreed that the representations and warranties made by Advance Purchaser, as receivables seller and as servicer (on and
after the respective MSR Transfer Dates), pursuant to this Agreement, on which the Depositor and the Issuer are relying in accepting the Receivables, on which the Depositor is relying in executing this Agreement, on which the Issuer is relying in
executing the Receivables Pooling Agreement and on which the Noteholders are relying in purchasing the Notes, and the rights and remedies of the Depositor and its assignees under this Agreement against Advance Purchaser pursuant to this Agreement,
inure to the benefit of the Depositor, the Issuer, the Indenture Trustee for the benefit of the Noteholders, as the assignees of Advance Purchaser’s rights hereunder. Such representations and warranties and the rights and remedies for the
breach thereof shall survive the sale and/or contribution, assignment, transfer and conveyance of any Receivables from Advance Purchaser to the Depositor and its assignees, and the pledge thereof by the Issuer to the Indenture Trustee for the
benefit of the Noteholders and shall be fully exercisable by the Indenture Trustee for the benefit of the Noteholders. 
 (d) Remedies
Upon Breach. Advance Purchaser shall inform the Indenture Trustee and the Administrative Agent promptly, in writing, upon the discovery of any breach of its representations, warranties or covenants hereunder. Unless such breach shall have been
cured or waived within thirty (30) days after the earlier to occur of the discovery of such breach by Advance Purchaser or receipt of written notice of such breach by Advance Purchaser, such that, in the case of a representation and warranty,
such representation and warranty shall be true and correct in all material respects as if made on such day, and Advance Purchaser shall have delivered to the Indenture Trustee an officer’s certificate describing the nature of such breach and
the manner in which the relevant representation and warranty became true and correct or the breach was otherwise cured, Advance Purchaser shall indemnify its assignees (including the Depositor, the Issuer, the Indenture Trustee and each of their
respective assignees), against and hold its assignees (including the Depositor, the Issuer, the Indenture Trustee and each of their respective assignees) harmless from any cost, liability and expense, including, without limitation, reasonable
attorneys’ fees and expenses, whether incurred in enforcement proceedings between the parties or otherwise, incurred as a result of, or arising from, such breach, the amount of 

  
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which shall equal the related Indemnity Payment. This Section 5(d) sets forth the exclusive remedy for a breach of representation, warranty or covenant by Advance Purchaser pertaining
to a Receivable. Notwithstanding the foregoing, the breach of any representation, warranty or covenant shall not be waived by the Issuer under any circumstances without the consent of the Series Required Noteholders of all Outstanding Series of
Notes. 
 Section 6. Termination. 

This Agreement (a) may not be terminated prior to the termination of the Indenture and (b) may be terminated at any time thereafter
by any party hereto upon written notice to the other parties. 
 Section 7. General Covenants of Nationstar, as Initial
Receivables Seller (for certain Designated Servicing Agreements prior to the final MSR Transfer Date) and Servicer (for certain Designated Servicing Agreements prior to the final MSR Transfer Date). 

Nationstar covenants and agrees that, from the date of this Agreement until the final MSR Transfer Date has occurred with respect to all
Designated Servicing Agreements: 
 (a) Bankruptcy. Nationstar agrees that it shall comply with Section 14(j). Nationstar
has not engaged in and does not expect to engage in a business for which its remaining property represents an unreasonably small capitalization. Nationstar will not transfer any of the Nationstar Receivables with an intent to hinder, delay or
defraud any Person. 
 (b) Legal Existence. Nationstar shall do or cause to be done all things necessary on its part to preserve and
keep in full force and effect its existence in the jurisdiction of its formation, and to maintain each of its licenses, approvals, registrations and qualifications in all jurisdictions in which its ownership or lease of property or the conduct of
its business requires such licenses, approvals, registrations or qualifications, except for failures to maintain any such licenses, approvals, registrations or qualifications which cannot be subsequently cured for the purpose of enforcing contracts
and which, individually or in the aggregate, would not reasonably be expected to have a material adverse effect on the financial conditions, operations or the ability of Nationstar to perform its obligations hereunder or under any of the other
Transaction Documents to which it is a party. 
 (c) Compliance With Laws. Nationstar shall comply in all material respects with all
laws, rules, regulations and orders of any governmental authority applicable to its operation, the noncompliance with which would reasonably be expected to have a material adverse effect on the financial condition, operations or the ability of
Nationstar to perform their obligations hereunder or under any of the other Transaction Documents to which it is a party. 
 (d)
Taxes. Nationstar shall pay and discharge all taxes, assessments and governmental charges or levies imposed upon it or upon its income and profits, or upon any of its property or any part thereof, before the same shall become in default;
provided that Nationstar shall not be required to pay and discharge any such tax, assessment, charge or levy so long as the validity or amount thereof shall be contested in good faith by appropriate proceedings, or so long as the failure to
pay any such tax, assessment, charge or levy would not have a material adverse effect on the ability of Nationstar to perform its obligations hereunder. Nationstar shall have set aside on its books adequate reserves with respect to any such tax,
assessment, charge or levy so contested. 

  
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 (e) Compliance with Representations and Warranties. Nationstar covenants that it shall
conduct its business such that it will continually comply with all of its representations and warranties made in Section 4(a) and in the Purchase Agreement. 

(f) Amendments to Designated Servicing Agreements. Nationstar hereby covenants and agrees not to expressly consent to any amendment to
the Designated Servicing Agreements except for such amendments that would have no adverse effect upon the collectability or timing of payment of any of the Nationstar Receivables or the performance of Nationstar’s obligations under the
Transaction Documents or otherwise adversely affect the interest of the Noteholders, any Supplement Credit Enhancement Provider or any Liquidity Provider, without the prior written consent of the Administrative Agent and the Series Required
Noteholders of the Outstanding Notes of each Series. Nationstar will, within five (5) Business Days following the effectiveness of such amendments, deliver to the Indenture Trustee copies of all such amendments. 

(g) Keeping of Records and Books of Account. Nationstar shall maintain accurate, complete and correct documents, books, records and
other information which is reasonably necessary for the collection of all Nationstar Receivables (including, without limitation, records adequate to permit the prompt identification of each new Nationstar Receivable and all collections of, and
adjustments to, each existing Nationstar Receivable). 
 (h) Fidelity Bond and Errors and Omissions Insurance. Nationstar, as
servicer, shall obtain and maintain at its own expense and keep in full force and effect so long as it is servicing the mortgage loans related to the Nationstar Receivables, a blanket fidelity bond and an errors and omissions insurance policy with
one or more insurers covering its officers and employees and other persons acting on its behalf in connection with its activities under the Transaction Documents meeting the criteria required by the Designated Servicing Agreements. Coverage of
Nationstar, as servicer or subservicer under a policy or bond obtained by an Affiliate of Nationstar and providing the coverage required by this subsection (h) shall satisfy the requirements of this subsection (h). Nationstar will
promptly report in writing to Advance Purchaser any material changes that may occur in its fidelity bonds, if any, and/or its errors and omissions insurance policies, as the case may be, and will furnish to Advance Purchaser copies of all binders
and polices or certificates evidencing that such bonds, if any, and insurance policies are in full force and effect. 
 (i) No Adverse
Claims, Etc. Against Receivables and Trust Property. Nationstar hereby covenants that, except for the transfer under the Purchase Agreement, the transfer hereunder and as of any date on which Nationstar Additional Receivables are transferred, it
will not sell, pledge, assign or transfer to any other Person, or grant, create, incur or assume any Adverse Claim on any of the Nationstar Receivables, or any interest therein (other than Permitted Liens). Nationstar shall notify Advance Purchaser
and its designees of the existence of any Adverse Claim (other than as provided above) on any Nationstar Receivable immediately upon discovery thereof; and Nationstar shall defend the right, title and interest of Advance

  
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Purchaser and its assignees in, to and under the Nationstar Receivables against all claims of third parties claiming through or under it; provided, however, that nothing in this
Section 7 shall be deemed to prohibit any Adverse Claims for municipal or other local taxes and other governmental charges if such taxes or governmental charges shall not at the time be due and payable or if Nationstar shall currently be
contesting the validity thereof in good faith by appropriate Proceedings. In addition, Nationstar shall take all actions as may be necessary to ensure that, if this Agreement were deemed to create, or does create, a security interest in the
Nationstar Receivables and the other Nationstar Transferred Assets, such security interest would be a perfected security interest of first priority under applicable law and will be maintained as such until the Receivables Sale Termination Date. 

(j) Taking of Necessary Actions. Nationstar shall perform all actions necessary to sell and/or contribute, assign, transfer and convey
the Nationstar Receivables to Advance Purchaser and its assigns, including the Issuer, including, without limitation, any necessary notifications to the MBS Trustees or other parties. 

(k) Ownership. Nationstar will take all necessary action to establish and maintain, irrevocably in Advance Purchaser, legal and
equitable title to the Nationstar Receivables and the related Nationstar Transferred Assets, free and clear of any Adverse Claim other than Permitted Liens. 

(l) Name Change, Offices and Records. In the event Nationstar makes any change to its name (within the meaning of Section 9-507(c)
of any applicable enactment of the UCC), type or jurisdiction of organization or location of its books and records, it shall notify Advance Purchaser, the Depositor, the Issuer and the Indenture Trustee thereof and (except with respect to a change
of location of books and records) shall deliver to Advance Purchaser, the Depositor, the Issuer and the Indenture Trustee not later than thirty (30) days after the effectiveness of such change (i) if Advance Purchaser, the Depositor, the
Issuer or the Indenture Trustee shall so request, an opinion of outside counsel to Nationstar, in form and substance reasonably satisfactory to Advance Purchaser, the Depositor, the Issuer and the Indenture Trustee, as to the grant or assignment
from Nationstar to Advance Purchaser of a security interest in the Nationstar Receivables, if the transfers thereof by Nationstar to Advance Purchaser are determined not to be true sales, and as to the perfection and priority of Advance
Purchaser’s security interest in the Nationstar Receivables in such event, and (ii) such other documents and instruments that Advance Purchaser, the Depositor, the Issuer or the Indenture Trustee may reasonably request in connection
therewith and shall take all other steps to ensure that Advance Purchaser continues to have a first priority, perfected security interest in the Nationstar Additional Receivables and the related Nationstar Transferred Assets. 

(m) Location of Jurisdiction of Organization and Records. In the case of a change in the jurisdiction of organization of Nationstar or
in the case of a change in the “location” of Nationstar for purposes of Section 9-307 of the UCC, Nationstar must take all actions necessary or reasonably requested by Advance Purchaser to amend its existing financing statements and
continuation statements, and file additional financing statements and to take any other steps reasonably requested by Advance Purchaser to further perfect or evidence the rights, claims or security interests of any of Nationstar or any assignee or
beneficiary of Advance Purchaser’s rights under this Agreement. 

  
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 (n) Servicing Policies. Nationstar shall provide notice to Advance Purchaser and the
Administrative Agent fifteen (15) days prior to the effectiveness of any material changes to Nationstar’s policies or procedures relating to property valuation or stop advance modeling. 

(o) Amendments to the Purchase Agreement. Nationstar, hereby covenants and agrees not to amend the Purchase Agreement in any way that
relates to the sale, assignment, transfer and conveyance of Nationstar Transferred Assets hereunder, without the prior written consent of the Administrative Agent. 

Section 8. General Covenants of Advance Purchaser, as Receivables Seller and Servicer (on and after the respective MSR Transfer
Dates). 
 Advance Purchaser covenants and agrees that, from the date of this Agreement until the termination of the Indenture: 

(a) Bankruptcy. Advance Purchaser agrees that it shall comply with Section 14(j). Advance Purchaser has not engaged in and
does not expect to engage in a business for which its remaining property represents an unreasonably small capitalization. Advance Purchaser will not transfer any of the Aggregate Receivables with an intent to hinder, delay or defraud any Person.

 (b) Legal Existence. Advance Purchaser shall do or cause to be done all things necessary on its part to preserve and keep in full
force and effect its existence in the jurisdiction of its formation, and to maintain each of its licenses, approvals, registrations and qualifications in all jurisdictions in which its ownership or lease of property or the conduct of its business
requires such licenses, approvals, registrations or qualifications, except for failures to maintain any such licenses, approvals, registrations or qualifications which cannot be subsequently cured for the purpose of enforcing contracts and which,
individually or in the aggregate, would not reasonably be expected to have a material adverse effect on the financial conditions, operations or the ability of Advance Purchaser, the Depositor or the Issuer to perform its obligations hereunder or
under any of the other Transaction Documents. 
 (c) Compliance With Laws. Advance Purchaser shall comply in all material respects
with all laws, rules, regulations and orders of any governmental authority applicable to its operation, the noncompliance with which would reasonably be expected to have a material adverse effect on the financial condition, operations or the ability
of Advance Purchaser, the Depositor or the Issuer to perform their obligations hereunder or under any of the other Transaction Documents. 

(d) Taxes. Advance Purchaser shall pay and discharge all taxes, assessments and governmental charges or levies imposed upon it or upon
its income and profits, or upon any of its property or any part thereof, before the same shall become in default; provided that Advance Purchaser shall not be required to pay and discharge any such tax, assessment, charge or levy so long as
the validity or amount thereof shall be contested in good faith by appropriate proceedings, or so long as the failure to pay any such tax, assessment, charge or levy would not have a material adverse effect on the ability of Advance Purchaser to
perform its obligations hereunder. Advance Purchaser shall have set aside on its books adequate reserves with respect to any such tax, assessment, charge or levy so contested. 

  
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 (e) Compliance with Representations and Warranties. Advance Purchaser covenants that it
shall conduct its business such that it will continually comply with all of its representations and warranties made in Section 5(a). 

(f) Amendments to Designated Servicing Agreements. Advance Purchaser hereby covenants and agrees not to expressly consent to any
amendment to the Designated Servicing Agreements except for such amendments that would have no adverse effect upon the collectability or timing of payment of any of the Aggregate Receivables or the performance of Advance Purchaser’s, the
Depositor’s or the Issuer’s obligations under the Transaction Documents or otherwise adversely affect the interest of the Noteholders, any Supplement Credit Enhancement Provider or any Liquidity Provider, without the prior written consent
of the Administrative Agent, the Series Required Noteholders of the Outstanding Notes of each Series and of each Supplemental Credit Enhancement Provider. Advance Purchaser will, within five (5) Business Days following the effectiveness of such
amendments, deliver to the Indenture Trustee copies of all such amendments. 
 (g) Maintenance of Security Interest. Advance Purchaser
shall from time to time, at its own expense, execute and file such additional financing statements (including continuation statements) as may be necessary to ensure that at any time the interest of the Depositor, the Issuer, the Indenture Trustee
and the Noteholders and any Supplemental Credit Enhancement Provider and any Liquidity Provider in all of the Aggregate Receivables is fully protected in accordance with the UCC. 

(h) Keeping of Records and Books of Account. Advance Purchaser shall maintain accurate, complete and correct documents, books, records
and other information which is reasonably necessary for the collection of all Aggregate Receivables (including, without limitation, records adequate to permit the prompt identification of each new Receivable and all collections of, and adjustments
to, each existing Receivable). 
 (i) Fidelity Bond and Errors and Omissions Insurance. Advance Purchaser shall cause the Servicer or
the Subservicer to obtain and maintain at its own expense and keep in full force and effect so long as it is servicing the mortgage loans related to the Receivables, a blanket fidelity bond and an errors and omissions insurance policy with one or
more insurers covering its officers and employees and other persons acting on its behalf in connection with its activities under the Transaction Documents meeting the criteria required by the Designated Servicing Agreements. In the case of
Nationstar as Servicer or Subservicer, coverage of Nationstar, as servicer or subservicer under a policy or bond obtained by an Affiliate of Nationstar and providing the coverage required by this subsection (i) shall satisfy the
requirements of this subsection (i). Advance Purchaser shall cause the Servicer or the Subservicer to promptly report in writing to the Depositor any material changes that may occur in its fidelity bonds, if any, and/or its errors and
omissions insurance policies, as the case may be, and cause the Servicer or Subservicer to furnish to the Depositor copies of all binders and polices or certificates evidencing that such bonds, if any, and insurance policies are in full force and
effect. 

  
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 (j) No Adverse Claims, Etc. Against Receivables and Trust Property. Advance Purchaser
hereby covenants that, except for the transfer hereunder and as of any date on which Additional Receivables are transferred, it will not sell, pledge, assign or transfer to any other Person, or grant, create, incur or assume any Adverse Claim on any
of the Aggregate Receivables, or any interest therein (other than Permitted Liens). Advance Purchaser shall notify the Depositor and its designees of the existence of any Adverse Claim (other than as provided above) on any Receivable immediately
upon discovery thereof; and Advance Purchaser shall defend the right, title and interest of the Depositor and its assignees in, to and under the Receivables against all claims of third parties claiming through or under it; provided,
however, that nothing in this Section 8 shall be deemed to apply to any Adverse Claims for municipal or other local taxes and other governmental charges if such taxes or governmental charges shall not at the time be due and
payable or if Advance Purchaser shall currently be contesting the validity thereof in good faith by appropriate Proceedings. In addition, Advance Purchaser shall take all actions as may be necessary to ensure that, if this Agreement were deemed to
create, or does create, a security interest in the Receivables and the other Transferred Assets, such security interest would be a perfected security interest of first priority under applicable law and will be maintained as such until the
Receivables Sale Termination Date. 
 (k) Taking of Necessary Actions. Advance Purchaser shall perform all actions necessary to sell
and/or contribute, assign, transfer and convey the Aggregate Receivables to the Depositor and its assigns, including the Issuer, including, without limitation, any necessary notifications to the MBS Trustees or other parties. 

(l) Ownership. Advance Purchaser will take all necessary action to establish and maintain, irrevocably in the Depositor, legal and
equitable title to the Aggregate Receivables and the related Transferred Assets, free and clear of any Adverse Claim (including, without limitation, the filing of all financing statements or other similar instruments or documents necessary under the
UCC (or any comparable law) in all appropriate jurisdictions to perfect the Depositor’s interest in such Aggregate Receivables and related Transferred Assets and such other action to perfect, protect or more fully evidence the interest of the
Depositor or the Indenture Trustee (as the Depositor’s assignee) may reasonably request) other than Permitted Liens. 
 (m)
Depositor’s Reliance. Advance Purchaser acknowledges that the Indenture Trustee and the Noteholders are entering into the transactions contemplated by the Transaction Documents in reliance upon the Depositor’s and Issuer’s
identity as a legal entity that is separate from it. Therefore, from and after the date of execution and delivery of this Agreement, Advance Purchaser will take, and will cause its subsidiaries to take, all reasonable steps to maintain each of the
Depositor’s and Issuer’s identity as a separate legal entity and to make it manifest to third parties that each of the Depositor and the Issuer is an entity with assets and liabilities distinct from those of Advance Purchaser. Without
limiting the generality of the foregoing and in addition to the other covenants set forth herein, Advance Purchaser (i) will not hold itself out, nor permit its subsidiaries to hold themselves out, to third parties as liable for the debts of
either the Depositor or the Issuer nor purport to own the Aggregate Receivables and other related Transferred Assets and (ii) will take and will cause its subsidiaries to take all other actions necessary to ensure that the facts and assumptions
regarding it set forth in the opinion issued by Sidley Austin LLP, dated the Closing Date, relating to certain bankruptcy issues remain true and correct in all material respects at all times. 

  
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 (n) Name Change, Offices and Records. In the event Advance Purchaser makes any change to
its name (within the meaning of Section 9-507(c) of any applicable enactment of the UCC), type or jurisdiction of organization or location of its books and records, it shall notify the Depositor and the Indenture Trustee thereof and (except
with respect to a change of location of books and records) shall deliver to the Indenture Trustee not later than thirty (30) days after the effectiveness of such change (i) such financing statements (Forms UCC1 and UCC3) which the
Indenture Trustee (acting at the direction of the Administrative Agent) may reasonably request to reflect such name change, or change in type or jurisdiction of organization, (ii) if the Indenture Trustee shall so request, an opinion of outside
counsel to Advance Purchaser, in form and substance reasonably satisfactory to the Indenture Trustee, as to the grant or assignment from Advance Purchaser to the Depositor of a security interest in the Aggregate Receivables, if the transfers thereof
by Advance Purchaser to the Depositor are determined not to be true sales, and as to the perfection and priority of the Depositor’s security interest in the Aggregate Receivables in such event, and (iii) such other documents and
instruments that the Indenture Trustee (acting at the direction of the Administrative Agent) may reasonably request in connection therewith and shall take all other steps to ensure that the Depositor continues to have a first priority, perfected
security interest in the Aggregate Receivables and the related Transferred Assets. 
 (o) Location of Jurisdiction of Organization and
Records. In the case of a change in the jurisdiction of organization of Advance Purchaser or in the case of a change in the “location” of Advance Purchaser for purposes of Section 9-307 of the UCC, Advance Purchaser must take all
actions necessary or reasonably requested by the Depositor, the Issuer, the Administrative Agent or the Indenture Trustee to amend its existing financing statements and continuation statements, and file additional financing statements and to take
any other steps reasonably requested by the Depositor, the Issuer, the Administrative Agent or the Indenture Trustee to further perfect or evidence the rights, claims or security interests of any of Advance Purchaser, the Depositor, the Issuer or
any assignee or beneficiary of the Issuer’s rights under this Agreement, including the Indenture Trustee on behalf of the Noteholders under any of the Transaction Documents. 

(p) Servicing Policies. Advance Purchaser shall cause the Servicer or the Subservicer to provide notice to the Administrative Agent
fifteen (15) days prior to the effectiveness of any material changes to the Servicer’s or the Subservicer’s policies or procedures relating to property valuation or stop advance modeling. 

(q) Amendments to the Purchase Agreement. Advance Purchaser hereby covenants and agrees not to amend the Purchase Agreement in any way
that relates to the sale and/or contribution, assignment, transfer and conveyance of Transferred Assets hereunder, without the prior written consent of the Administrative Agent. 

Section 9. Grant Clause. 

(a) It is intended that the conveyances by Nationstar on and after the Closing Date of Nationstar’s right, title and interest in, to and
under the Nationstar Advance Receivables and of the Nationstar Advance Receivable Transferred Assets to Advance Purchaser pursuant to this Agreement shall constitute, and shall be construed as, sales and not as grants of security interests to secure
one or more loans. However, if any of such conveyances are deemed to be in respect of a loan, it is intended that: (a) the rights and obligations of the parties shall be established pursuant to the terms of this Agreement, (b) Nationstar
hereby grants to Advance Purchaser a 

  
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first priority security interest in all of its right, title and interest in, to and under, whether now owned or hereafter acquired, such Nationstar Advance Receivables and the Nationstar Advance
Receivable Transferred Assets to secure payment of a debt equal to the purchase price paid for such Nationstar Advance Receivables and the Nationstar Advance Receivable Transferred Assets; and (c) this Agreement shall constitute a security
agreement under applicable law. Nationstar will, to the extent consistent with this Agreement, take such reasonable actions as may be necessary to ensure that, if this Agreement were deemed to create a security interest in such Nationstar Advance
Receivables and the Nationstar Advance Receivable Transferred Assets, such security interest would be a perfected security interest of first priority under applicable law and will be maintained as such throughout the term of this Agreement.
Nationstar will, at its own expense, make all initial filings on or about the Closing Date. 
 (b) It is the intention of the parties hereto
that each transfer and assignment contemplated by this Agreement shall constitute an absolute sale or contribution, as applicable, of the related Aggregate Receivables from Advance Purchaser to the Depositor and that the Receivables shall not be
part of Advance Purchaser’s estate or otherwise be considered property of Advance Purchaser in the event of the bankruptcy, receivership, insolvency, liquidation, conservatorship or similar proceeding relating to Advance Purchaser or any of its
property. However, if such conveyance is deemed to be in respect of a loan, it is intended that: (a) the rights and obligations of the parties shall be established pursuant to the terms of this Agreement; (b) Advance Purchaser hereby
grants to the Depositor a first priority security interest in all of its right, title and interest in, to and under, whether now owned or hereafter acquired, the Aggregate Receivables and the other Transferred Assets to secure payment of such loan;
and (c) this Agreement shall constitute a security agreement under applicable law. Advance Purchaser will, to the extent consistent with this Agreement, take such reasonable actions as may be necessary to ensure that, if this Agreement were
deemed to create a security interest in the Aggregate Receivables and the other Transferred Assets to secure payment or performance of an obligation, such security interest would be a perfected security interest of first priority under applicable
law and will be maintained as such throughout the term of this Agreement. Advance Purchaser will, at its own expense, make all initial filings on or about the Closing Date, and shall forward a copy of such filing or filings to the Indenture Trustee.

 Each of Nationstar and Advance Purchaser and their respective assignees, successors and designees hereby authorizes the Depositor and its
assignees, successors and designees to file one or more UCC financing statements, financing statement amendments and continuation statements to perfect the security interests described herein and to maintain the perfection of the such security
interests. 
 Section 10. Conveyance by Depositor; Grant by Issuer. 

Each of the Depositor and the Issuer shall have the right, upon notice to but without the consent of Advance Purchaser, to Grant, in whole or
in part, its interest under this Agreement with respect to the Receivables to the Issuer and to the Indenture Trustee, respectively, and the Indenture Trustee then shall succeed to all rights of the Depositor under this Agreement. All references to
the Depositor in this Agreement shall be deemed to include its assignee or designee, specifically including the Issuer and the Indenture Trustee. 

  
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 Section 11. Protection of Indenture Trustee’s Security Interest in Trust
Estate. 
 (a) Advance Purchaser shall maintain accounts and records as to each Receivable accurately and in sufficient detail to
permit the reader thereof to know at any time following reasonable prior notice delivered to it, the status of such Receivable, including payments and recoveries made and payments owing. The Schedule of Receivables has been delivered to the
Indenture Trustee and shall remain in its possession or control. 
 (b) Advance Purchaser will maintain its computer records so that, from
and after the Grant of the security interest under the Indenture, Advance Purchaser’s master computer records (including any back-up archives) that refer to any Receivables indicate that the Receivables are owned by the Issuer and pledged to
the Indenture Trustee on behalf of the Noteholders. Indication of the Indenture Trustee’s interest in a Receivable shall be deleted from or modified on Advance Purchaser’s records when, and only when, the Receivable has been paid in full
or released from the lien of the Indenture pursuant to the Indenture. 
 Section 12. Indemnification by Nationstar. 

(a) Without limiting any other rights that a Nationstar Indemnified Party may have hereunder or under applicable law, Nationstar agrees to
indemnify each Nationstar Indemnified Party from and against any and all Nationstar Indemnification Amounts which may be imposed on, incurred by or asserted against a Nationstar Indemnified Party in any way arising out of or relating to any breach
of Nationstar’s obligations under this Agreement or Nationstar’s ownership of the Nationstar Receivables, excluding, however, Nationstar Indemnification Amounts to the extent resulting from (1) the negligence or willful misconduct on
the part of such Nationstar Indemnified Party or (2) the failure of a particular Mortgage Pool to generate sufficient cash flow to pay the Nationstar Receivables attributable to that Mortgage Pool. 

(b) Without limiting or being limited by the foregoing, Nationstar shall pay on demand to each Nationstar Indemnified Party any and all amounts
necessary to indemnify such Nationstar Indemnified Party from and against any and all Nationstar Indemnification Amounts relating to or resulting from: 

(i) reliance on any representation or warranty made by Nationstar under or in connection with this Agreement, any other
Transaction Document, any report or any other information delivered by it pursuant hereto, which shall have been incorrect in any material respect when made or deemed made or delivered; 

(ii) the failure by Nationstar to comply with any term, provision or covenant contained in this Agreement, or any agreement
executed by it in connection with this Agreement or any other Transaction Document or with any applicable law, rule or regulation with respect to any Receivable, or the nonconformity of any Receivable with any such applicable law, rule or
regulation; or 
 (iii) the failure of this Agreement to vest and maintain vested in Advance Purchaser, or to transfer, to
Advance Purchaser, legal and equitable title to and ownership of the Nationstar Additional Receivables which are, or are purported to be, Receivables, together with all collections in respect thereof, free and clear of any adverse claim (except as
permitted hereunder) whether existing at the time of the transfer of such Receivable or at any time thereafter. 

  
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 (c) Any Nationstar Indemnification Amounts subject to the indemnification provisions of
this Section 12 shall be paid to the Nationstar Indemnified Party within five (5) Business Days following demand therefor. “Nationstar Indemnified Party” means any of Advance Purchaser, the Depositor, the
Issuer and the Indenture Trustee. “Nationstar Indemnification Amounts” means any and all claims, losses, liabilities, obligations, damages, penalties, actions, judgments, suits, and related reasonable costs and reasonable
expenses of any nature whatsoever, including reasonable attorneys’ fees and disbursements, incurred by a Nationstar Indemnified Party with respect to this Agreement as a result of a breach by Nationstar, as described in
Section 12(a), including without limitation, the enforcement hereof. 
 (d) (i) Promptly after a Nationstar Indemnified
Party shall have been served with the summons or other first legal process or shall have received written notice of the threat of a claim in respect of which an indemnity may be claimed against Nationstar under this Section 12, the
Nationstar Indemnified Party shall notify Nationstar in writing of the service of such summons, other legal process or written notice, giving information therein as to the nature and basis of the claim, but failure so to notify Nationstar shall not
relieve Nationstar from any liability which it may have hereunder or otherwise except to the extent that Nationstar is prejudiced by such failure so to notify Nationstar. 

(ii) Nationstar will be entitled, at its own expense, to participate in the defense of any such claim or action and, to the
extent that it may wish, to assume the defense thereof, with counsel reasonably satisfactory to such Nationstar Indemnified Party, and, after notice from Nationstar to such Nationstar Indemnified Party that Nationstar wishes to assume the defense of
any such action, Nationstar will not be liable to such Nationstar Indemnified Party under this Section 12 for any legal or other expenses subsequently incurred by such Nationstar Indemnified Party in connection with the defense of any
such action unless, (A) the defendants in any such action include both the Nationstar Indemnified Party and Nationstar, and the Nationstar Indemnified Party (upon the advice of counsel) shall have reasonably concluded that there may be legal
defenses available to it that are different from or additional to those available to Nationstar, or one or more Nationstar Indemnified Parties, and which in the reasonable judgment of such counsel are sufficient to create a conflict of interest for
the same counsel to represent both Nationstar and such Nationstar Indemnified Party, (B) Nationstar shall not have employed counsel reasonably satisfactory to the Nationstar Indemnified Party to represent the Nationstar Indemnified Party within
a reasonable time after notice of commencement of the action, or (C) Nationstar shall have authorized the employment of counsel for the Nationstar Indemnified Party at Nationstar’s expense; then, in any such event, such Nationstar
Indemnified Party shall have the right to employ its own counsel in such action, and the reasonable fees and expenses of such counsel shall be borne by Nationstar; provided, however, that Nationstar shall not in connection with any
such action or separate but substantially similar or related actions arising out of the same general allegations or circumstances, be liable for any fees and expenses of more than one firm of attorneys at any time for all Nationstar Indemnified
Parties. Each Nationstar Indemnified Party, as a condition of the indemnity agreement contained herein, shall use its commercially reasonable efforts to cooperate with Nationstar in the defense of any such action or claim. 

  
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 (iii) Nationstar shall not, without the prior written consent of any Nationstar
Indemnified Party, effect any settlement of any pending or threatened proceeding in respect of which such Nationstar Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Nationstar Indemnified Party,
unless such settlement includes an unconditional release of such Nationstar Indemnified Party from all liability on claims that are the subject matter of such proceeding or threatened proceeding. 

Section 13. Indemnification by Advance Purchaser. 

(a) Without limiting any other rights that an Indemnified Party may have hereunder or under applicable law, Advance Purchaser agrees to
indemnify each Indemnified Party from and against any and all Indemnification Amounts which may be imposed on, incurred by or asserted against an Indemnified Party in any way arising out of or relating to any breach of Advance Purchaser’s
obligations under this Agreement or the ownership of the Aggregate Receivables or in respect of any Receivable, excluding, however, Indemnification Amounts to the extent resulting from (1) the negligence or willful misconduct on the part of
such Indemnified Party or (2) the failure of a particular Mortgage Pool to generate sufficient cash flow to pay the Receivables attributable to that Mortgage Pool. 

(b) Without limiting or being limited by the foregoing, Advance Purchaser shall pay on demand to each Indemnified Party any and all amounts
necessary to indemnify such Indemnified Party from and against any and all Indemnification Amounts relating to or resulting from: 

(i) reliance on any representation or warranty made by Advance Purchaser under or in connection with this Agreement, any other
Transaction Document, any report or any other information delivered by it pursuant hereto, which shall have been incorrect in any material respect when made or deemed made or delivered; 

(ii) the failure by Advance Purchaser to comply with any term, provision or covenant contained in this Agreement, or any
agreement executed by it in connection with this Agreement or any other Transaction Document or with any applicable law, rule or regulation with respect to any Receivable, or the nonconformity of any Receivable with any such applicable law, rule or
regulation; or 
 (iii) the failure of this Agreement to vest and maintain vested in the Depositor, or to transfer, to the
Depositor, legal and equitable title to and ownership of the Aggregate Receivables which are, or are purported to be, Receivables, together with all collections in respect thereof, free and clear of any adverse claim (except as permitted hereunder)
whether existing at the time of the transfer of such Receivable or at any time thereafter. 

  
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 (c) Any Indemnification Amounts subject to the indemnification provisions of this
Section 13 shall be paid to the Indemnified Party within five (5) Business Days following demand therefor. “Indemnified Party” means any of the Depositor, the Issuer and the Indenture Trustee.
“Indemnification Amounts” means any and all claims, losses, liabilities, obligations, damages, penalties, actions, judgments, suits, and related reasonable costs and reasonable expenses of any nature whatsoever, including
reasonable attorneys’ fees and disbursements, incurred by an Indemnified Party with respect to this Agreement as a result of a breach by Advance Purchaser, as described in Section 13(a), including without limitation, the enforcement
hereof. 
 (d) (i) Promptly after an Indemnified Party shall have been served with the summons or other first legal process or shall
have received written notice of the threat of a claim in respect of which an indemnity may be claimed against Advance Purchaser under this Section 13, the Indemnified Party shall notify Advance Purchaser in writing of the service of such
summons, other legal process or written notice, giving information therein as to the nature and basis of the claim, but failure so to notify Advance Purchaser shall not relieve Advance Purchaser from any liability which it may have hereunder or
otherwise except to the extent that Advance Purchaser is prejudiced by such failure so to notify Advance Purchaser. 
 (ii)
Advance Purchaser will be entitled, at its own expense, to participate in the defense of any such claim or action and, to the extent that it may wish, to assume the defense thereof, with counsel reasonably satisfactory to such Indemnified Party,
and, after notice from Advance Purchaser to such Indemnified Party that Advance Purchaser wishes to assume the defense of any such action, Advance Purchaser will not be liable to such Indemnified Party under this Section 13 for any legal
or other expenses subsequently incurred by such Indemnified Party in connection with the defense of any such action unless, (A) the defendants in any such action include both the Indemnified Party and Advance Purchaser, and the Indemnified
Party (upon the advice of counsel) shall have reasonably concluded that there may be legal defenses available to it that are different from or additional to those available to Advance Purchaser, or one or more Indemnified Parties, and which in the
reasonable judgment of such counsel are sufficient to create a conflict of interest for the same counsel to represent both Advance Purchaser and such Indemnified Party, (B) Advance Purchaser shall not have employed counsel reasonably
satisfactory to the Indemnified Party to represent the Indemnified Party within a reasonable time after notice of commencement of the action, or (C) Advance Purchaser shall have authorized the employment of counsel for the Indemnified Party at
Advance Purchaser’s expense; then, in any such event, such Indemnified Party shall have the right to employ its own counsel in such action, and the reasonable fees and expenses of such counsel shall be borne by Advance Purchaser;
provided, however, that Advance Purchaser shall not in connection with any such action or separate but substantially similar or related actions arising out of the same general allegations or circumstances, be liable for any fees and
expenses of more than one firm of attorneys at any time for all Indemnified Parties. Each Indemnified Party, as a condition of the indemnity agreement contained herein, shall use its commercially reasonable efforts to cooperate with Advance
Purchaser in the defense of any such action or claim. 
 (iii) Advance Purchaser shall not, without the prior written consent
of any Indemnified Party, effect any settlement of any pending or threatened proceeding in respect of which such Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such
settlement includes an unconditional release of such Indemnified Party from all liability on claims that are the subject matter of such proceeding or threatened proceeding. 

  
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 Section 14. Miscellaneous. 

(a) Amendment. This Agreement may not be amended except by an instrument in writing signed by Nationstar (prior to the final MSR
Transfer Date), Advance Purchaser and the Depositor upon delivery of an Issuer Tax Opinion and with the written consent of the Administrative Agent. In addition, so long as the Notes are outstanding, this Agreement may not be amended unless either
(x) the Series Required Noteholders of each Series shall have consented thereto or (y) (i) the amendment is for a purpose for which the Indenture could be amended without any Noteholder consent and (ii) Advance Purchaser shall
have delivered to the Indenture Trustee an officer’s certificate to the effect that Advance Purchaser reasonably believes that any such amendment could not have a material Adverse Effect and is not reasonably expected to have a material Adverse
Effect on the Noteholders of the Notes at any time in the future. Any such amendment requested by Advance Purchaser shall be at its own expense. Advance Purchaser shall promptly notify each Note Rating Agency of any amendment of this Agreement or of
the Receivables Pooling Agreement, and shall furnish a copy of any such amendment to each such Note Rating Agency. 
 (b) Binding Nature;
Assignment. The covenants, agreements, rights and obligations contained in this Agreement shall be binding upon the successors and assigns of Nationstar and Advance Purchaser and shall inure to the benefit of the successors and assigns of
Advance Purchaser and the Depositor, and all persons claiming by, through or under Advance Purchaser or the Depositor. 
 (c) Entire
Agreement. This Agreement contains the entire agreement and understanding among the parties hereto with respect to the subject matter hereof, and supersedes all prior and contemporaneous agreements, understandings, inducements and conditions,
express or implied, oral or written, of any nature whatsoever with respect to the subject matter hereof. The express terms hereof control and supersede any course of performance and/or usage of the trade inconsistent with any of the terms hereof.

 (d) Severability of Provisions. Any provision of this Agreement which is prohibited, unenforceable or not authorized in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition, unenforceability or non-authorization without invalidating the remaining provisions hereof or affecting the
validity, enforceability or legality of such provision in any other jurisdiction. 
 (e) Governing Law. THIS AGREEMENT AND ANY
CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO OR IN CONNECTION WITH THIS AGREEMENT, THE RELATIONSHIP OF THE PARTIES HERETO, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND DUTIES OF THE PARTIES HERETO SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK (WITHOUT REFERENCE TO THE CONFLICTS OF LAWS PRINCIPLES THEREOF OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

  
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 (f) Counterparts. This Agreement may be executed in several counterparts and all so
executed shall constitute one agreement binding on all parties hereto, notwithstanding that all the parties have not signed the original or the same counterpart. Any counterpart hereof signed by a party against whom enforcement of this Agreement is
sought shall be admissible into evidence as an original hereof to prove the contents thereof. Delivery of an executed counterpart of a signature page to this Agreement by facsimile or other electronic means shall be effective as delivery of a
manually executed counterpart of this Agreement. 
 (g) Indulgences; No Waivers. Neither the failure nor any delay on the part of a
party to exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or future exercise of the same or of
any other right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any other occurrence. No waiver shall be effective unless it is in writing and is signed by the party asserted to have granted
such waiver. 
 (h) Headings Not to Affect Interpretation. The headings contained in this Agreement are for convenience of reference
only, and they shall not be used in the interpretation hereof. 
 (i) Benefits of Agreement. Nothing in this Agreement, express or
implied, shall give to any Person, other than the parties to this Agreement and their successors hereunder, any benefit of any legal or equitable right, power, remedy or claim under this Agreement. 

(j) No Petition. Each of Nationstar and Advance Purchaser, by entering into this Agreement, agrees that it will not at any time prior to
the date which is one year and one day, or, if longer, the applicable preference period then in effect, after the payment in full of all of the Notes, institute against the Depositor or the Issuer, or join in any institution against the Depositor or
the Issuer of, Insolvency Proceedings or other similar proceedings, or other proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to the Notes or this Agreement, or cause the
Depositor or the Issuer to commence any reorganization, bankruptcy proceedings, or Insolvency Proceedings under any applicable state or federal law, including without limitation any readjustment of debt, or marshaling of assets or liabilities or
similar proceedings. This Section 14(j) shall survive termination of this Agreement. 
 (k) WAIVER OF JURY TRIAL. EACH OF
THE PARTIES HERETO WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN AN LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

[Signature Pages Follow] 

  
 -42- 

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

			
	NATIONSTAR MORTGAGE LLC
		
	By:	 	 /s/ Amar Patel

	Name:	 	Amar Patel
	Title:	 	EVP

 [New Residential Advance Receivables Trust – Receivables Sale Agreement] 

 
			
	ADVANCE PURCHASER LLC
		
	By:	 	 /s/ Susan Givens

	Name:	 	Susan Givens
	Title:	 	CFO

 [New Residential Advance Receivables Trust – Receivables Sale Agreement] 

 
			
	NEW RESIDENTIAL ADVANCE DEPOSITOR LLC
		
	By:	 	 /s/ Susan Givens

	Name:	 	Susan Givens
	Title:	 	CFO

 [New Residential Advance Receivables Trust – Receivables Sale Agreement] 

 Schedule 1-A 

ASSIGNMENT OF ADVANCE RECEIVABLES 

Dated as of [    ], 2014 

This Assignment of Advance Receivables (this “Assignment”) is a schedule to and is hereby incorporated by this
reference into a certain Receivables Sale Agreement (the “Agreement”), dated as of March 18, 2014, by and among Nationstar Mortgage LLC, a Delaware limited liability company, as initial receivables seller (prior to the
respective MSR Transfer Dates) and as servicer (prior to the respective MSR Transfer Dates) (“Nationstar”), Advance Purchaser LLC, a Delaware limited liability company, as receivables seller and as servicer (on and after the
respective MSR Transfer Dates) (“Advance Purchaser”), and New Residential Advance Depositor LLC, a Delaware limited liability company (the “Depositor”). All capitalized terms used herein shall have the
meanings set forth in, or referred to in, the Agreement. 
 By its signature to this Assignment, Nationstar hereby sells, assigns, transfers
and conveys to Advance Purchaser and its assignees, without recourse, but subject to the terms of the Agreement, all of its right, title and interest in, to and under its rights to reimbursement of the Nationstar Advance Receivables arising under
each Designated Servicing Agreement listed on Attachment A attached hereto, which Nationstar Advance Receivables are existing on the date of this Assignment and any Nationstar Advance Receivables arising under each Designated Servicing
Agreement listed on Attachment A, on or before the related Receivables Sale Termination Date, together with any Nationstar Advance Receivable Transferred Assets related to such Nationstar Receivables, pursuant to the terms of the Agreement,
and Advance Purchaser hereby accepts such sale, assignment, transfer and conveyance and agrees to transfer to Nationstar, as receivables seller, the related consideration therefor, as set forth in the Agreement. 

[Signature page follows] 

 
			
	NATIONSTAR MORTGAGE LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	ADVANCE PURCHASER LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 [New Residential Advance Receivables Trust - Signature Page to Schedule 1A to Receivables Sale

 Agreement - Assignment of Advance Receivables] 

 Attachment A to Schedule 1-A 

DESIGNATED SERVICING AGREEMENTS RELATED TO THE AGGREGATE 

RECEIVABLES 

 Schedule 1-B 

ASSIGNMENT OF RECEIVABLES 
 Dated as of [__], 2014

 This Assignment of Receivables (this “Assignment”) is a schedule to and is hereby incorporated by this reference
into a certain Receivables Sale Agreement (the “Agreement”), dated as of March 18, 2014, by and among Nationstar Mortgage LLC, a Delaware limited liability company, as initial receivables seller (prior to the respective
MSR Transfer Dates) and as servicer (prior to the respective MSR Transfer Dates) (“Nationstar”), Advance Purchaser LLC, a Delaware limited liability company, as receivables seller and as servicer (on and after the respective
MSR Transfer Dates) (“Advance Purchaser”), and New Residential Advance Depositor LLC, a Delaware limited liability company (the “Depositor”). All capitalized terms used herein shall have the meanings set
forth in, or referred to in, the Agreement. 
 By its signature to this Assignment, Advance Purchaser hereby sells and/or contributes,
assigns, transfers and conveys to the Depositor and its assignees, without recourse, but subject to the terms of the Agreement, all of its right, title and interest in, all of its right, title and interest in, to and under its rights to
reimbursement for Receivables (other than any Existing Receivables) arising under each Designated Servicing Agreement listed on Attachment A attached hereto, existing on the date of this Assignment and any Receivables arising under each
Designated Servicing Agreement listed on Attachment A, on or before the related Receivables Sale Termination Date, together with the other Transferred Assets related to such Receivables described in Section 2(a) of the Agreement,
and Depositor hereby accepts such sale, assignment, transfer and conveyance and agrees to transfer to Advance Purchaser, as receivables seller, the related consideration therefor, as set forth in the Agreement. 

[Signature page follows] 

 
			
	ADVANCE PURCHASER LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	NEW RESIDENTIAL ADVANCE DEPOSITOR LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 [New Residential Advance Receivables Trust - Signature Page to Schedule 1-B to Receivables Sale
Agreement - 
 Assignment of Receivables] 

 Attachment A to Schedule 1-B 

DESIGNATED SERVICING AGREEMENTS RELATED TO THE AGGREGATE 

RECEIVABLES 
 Attachment A to
Schedule 1-1 

 EXHIBIT A 

FORM OF SUBORDINATED NOTE 

THIS SUBORDINATED NOTE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”),
OR ANY STATE SECURITIES LAW, AND MAY NOT BE DIRECTLY OR INDIRECTLY OFFERED OR SOLD OR OTHERWISE DISPOSED OF BY THE OWNER HEREOF UNLESS SUCH TRANSACTION IS EXEMPT FROM REGISTRATION UNDER THE ACT AND SUCH STATE LAWS, AND WILL NOT BE A “PROHIBITED
TRANSACTION” UNDER THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”). BY ACCEPTANCE OF THIS SUBORDINATED NOTE, THE HOLDER AGREES TO BE BOUND BY ALL THE TERMS OF THE RECEIVABLES SALE AGREEMENT. 

March 18, 2014 
 FOR VALUE RECEIVED, the
undersigned, New Residential Advance Depositor LLC, a Delaware limited liability company (the “Depositor”), promises to pay to the order of Advance Purchaser LLC, a Delaware limited liability company (the “Seller”),
on April 17, 2017 (the “Maturity Date”) the aggregate unpaid principal amount of all amounts loaned hereunder pursuant to Section 2(c) of that certain Receivables Sale Agreement, dated as of March 18, 2014
(together with all amendments and other modifications, if any, from time to time thereafter made thereto, the “Receivables Sale Agreement”), among the Seller, Nationstar Mortgage LLC, Advance Purchaser LLC and the Depositor,
together with any and all accrued and unpaid interest on all amounts loaned hereunder. 
 Interest will accrue on the average daily balance
of the unpaid principal amount of all amounts loaned hereunder for each day from the date such loan amounts are made until they become due and or are paid in full, at a rate per annum equal to the sum of (i) the LIBOR Rate (as defined below)
and (ii) a spread designated as such in writing by the Seller to the Depositor from time to time (the “Spread”). Interest will be computed on the basis of a 360-day year and paid for the actual number of days elapsed (including
the first but excluding the last day). Should any principal of, or accrued interest on, any amounts loaned hereunder not be paid when due, such amount will bear interest from its due date until paid in full, at a rate per annum equal to the sum of
(i) the LIBOR Rate, (ii) the Spread and (iii) 1.00%. Interest shall be payable on the unpaid principal balance of this note (this “Subordinated Note”) commencing on April 15, 2014 and continuing on the 15th day of each month. With respect to any such 15th day that is not a Business Day, the interest payment otherwise due on such 15th day shall be due on the next subsequent day that is a Business Day. 

 For the purposes of this Subordinated Note, “LIBOR Rate” shall mean the offered
rate for one-month U.S. dollar deposits as such rate appears on Reuters Screen LIBOR01 Page (as defined in the International Swaps and Derivatives Association, Inc. 2000 Definitions) or such other page as may replace Reuters Screen LIBOR01 Page as
of 11:00 a.m. (London time) on such date; provided that if such rate does not appear on Telerate Page 3750, the rate for such date will be determined on the basis of the rates at which one-month U.S. dollar deposits are offered by leading banks
engaged in transactions in Eurodollar deposits in the international Eurocurrency market (i) with an established place of business in London, (ii) whose quotations appear on the Bloomberg Screen US0001M Index Page on the date in question
and (iii) which have been designated as such by the Calculation Agent (as defined below) (after consultation with the Administrative Agent) (as defined below) and are able and willing to provide such quotations to the Calculation Agent for such
date (the “Reference Banks”) at approximately 11:00 a.m. (London time) on such date to prime banks in the London interbank market. In such event, the Seller will request the principal London office of each of the Reference Banks to
provide a quotation of its rate. If at least two such quotations are provided, the rate for that date will be the arithmetic mean of the quotations (rounded upwards if necessary to the nearest whole multiple of 1/16%). If fewer than two quotations
are provided as requested, the rate for that date will be the arithmetic mean of the rates quoted by major banks in New York City, selected by the Seller, at approximately 11:00 a.m. (New York City time) on such date for one-month U.S. dollar loans
to leading European banks. 
 Unless plainly wrong, the computer records of the holder hereof shall on any day conclusively evidence the
unpaid balance of this Subordinated Note and its advances and payments history posted up to that day. All loans and advances and all payments and permitted prepayments made hereon may be (but are not required to be) set forth by or on behalf of such
holder on the schedule which is attached hereto or otherwise recorded in such holder’s computer or manual records; provided, that any failure to make notation of any principal advance or accrual of interest shall not cancel, limit or
otherwise affect Depositor’s obligations or any of such holder’s rights with respect to that advance or accrual. Unless otherwise defined, capitalized terms used herein have the meanings provided in or specified in accordance with the
Receivables Sale Agreement. 
 The obligation of the Depositor to pay the principal of, and interest on, all loans and advances on this
Subordinated Note shall be absolute and unconditional, shall be binding and, to the fullest extent permitted by law, enforceable in all circumstances whatsoever and shall not be subject to setoff, recoupment or counterclaim; provided,
however, that the Depositor shall only be obligated to pay principal and interest on this Subordinated Note from cash actually received by the Depositor from distributions on the Receivables after payment of all amounts due the Noteholder
under the Indenture, dated as of March 18, 2014, among New Residential Advance Receivables Trust (the “Issuer”), Wells Fargo Bank, N.A., as indenture trustee, calculation agent, paying agent and securities intermediary,
Nationstar Mortgage LLC, as Servicer (prior to the respective MSR Transfer Dates) and as Subservicer, Advance Purchaser LLC, as Administrator and as Servicer (on and after the respective MSR Transfer Dates), Credit Suisse AG, New York Branch, as
Administrative Agent, Barclays Bank PLC, as Administrative Agent, Morgan Stanley Bank, N.A., as Administrative Agent and Natixis, New York Branch, as Administrative Agent. 

Depositor may prepay at any time, without penalty or fee, the principal or interest outstanding hereunder or any portion of such principal or
interest. Payments of both principal and interest are to be made in lawful money of the United States of America in same day or immediately available funds. 

 The Seller hereby agrees, prior to the date that is 367 days after the Maturity Date, not to
acquiesce, petition, or invoke the process of any court or government authority (or to encourage or cooperate with others) for the purpose of commencing or sustaining a case against the Seller under any Federal or state bankruptcy, insolvency or
similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of or for the Seller or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the
Seller. The foregoing shall not limit the rights of the Depositor to file any claim in, or to otherwise take any action with respect to, any insolvency proceeding instituted against the Seller by any other unaffiliated entity. 

Notwithstanding anything contained herein to the contrary, to the extent that the Seller is deemed to have any interest in any assets of the
Depositor, the Seller agrees that its interest in those assets is subordinate to claims or rights of all other creditors of the Depositor. The Seller agrees that this Subordinated Note constitutes a subordinated note for purposes of
Section 510(a) of the United States Bankruptcy Code, as amended from time to time (11 U.S.C. §§ 101 et seq.). 
 As set forth
in Section 2(c) of the Receivables Sale Agreement, the Depositor hereby represents and warrants as of each loan and advance made hereon that at the time of (and immediately after) each loan and advance made hereunder, (i) the
Depositor’s total assets exceed its total liabilities both before and after the sale transaction, (ii) the Depositor’s cash on hand is sufficient to satisfy all of its current obligations (other than its obligations under this
Subordinated Note and the obligation to pay the Purchase Price), (iii) the Depositor is adequately capitalized at a commercially reasonable level and (iv) the Depositor has determined that its financial capacity to meet its financial
commitment under the Subordinate Loan and this Subordinated Note is adequate. Each loan or advance made hereunder by the Seller to the Depositor is subject to the accuracy of the representations and warranties herein made on the part of the
Depositor. 
 This Subordinated Note is the Subordinated Note referred to in, and evidences indebtedness incurred under, the Receivables
Sale Agreement, and the holder hereof is entitled to the benefits of the Receivables Sale Agreement. Upon and subject to the terms and conditions of the Receivables Sale Agreement, Depositor may borrow, repay and reborrow against this note under the
circumstances, in the manner and for the purposes specified in the Receivables Sale Agreement and this Subordinated Note, but for no other purposes. All parties hereto, whether as makers, endorsers or otherwise, severally waive presentment for
payment, demand, protest and notice of dishonor. 
 THIS SUBORDINATED NOTE SHALL BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE
INTERNAL LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO ANY OTHERWISE APPLICABLE PRINCIPLES OF CONFLICTS OF LAWS. 
 [Signature Page
Follows] 

 
			
	NEW RESIDENTIAL ADVANCE DEPOSITOR LLC
		
	By:	 	  

	Name:	 	  

	Title:EX-4.1

 Exhibit 4.1 
  

 
 CARRIAGE SERVICES, INC. 

as Issuer, 
 and

                       
                 , 
 as Trustee 

INDENTURE 
 Dated as of
        , 201     
 Debt Securities 

 
  
  

 CROSS-REFERENCE TABLE 

 

					
	TIA Section	  	Indenture Section	 
		
	 310 (a)
	  	 	7.10	  
	 (b)
	  	 	7.10	  
	 (c)
	  	 	N.A.	  
	 311 (a)
	  	 	7.11	  
	 (b)
	  	 	7.11	  
	 (c)
	  	 	N.A.	  
	 312 (a)
	  	 	5.01	  
	 (b)
	  	 	5.02	  
	 (c)
	  	 	5.02	  
	 313 (a)
	  	 	5.03	  
	 (b)
	  	 	5.03	  
	 (c)
	  	 	13.03	  
	 (d)
	  	 	5.03	  
	 314 (a)
	  	 	4.05, 4.06	  
	 (b)
	  	 	N.A.	  
	 (c)(1)
	  	 	13.05	  
	 (c)(2)
	  	 	13.05	  
	 (c)(3)
	  	 	N.A.	  
	 (d)
	  	 	N.A.	  
	 (e)
	  	 	13.05	  
	 (f)
	  	 	N.A.	  
	 315 (a)
	  	 	7.01	  
	 (b)
	  	 	6.07 & 13.03	  
	 (c)
	  	 	7.01	  
	 (d)
	  	 	7.01	  
	 (e)
	  	 	6.08	  
	 316 (a) (last sentence)
	  	 	1.01	  
	 (a)(1)(A)
	  	 	6.06	  
	 (a)(1)(B)
	  	 	6.06	  
	 (a)(2)
	  	 	9.01(d)	  
	 (b)
	  	 	6.04	  
	 (c)
	  	 	5.04	  
	 317 (a)(1)
	  	 	6.02	  
	 (a)(2)
	  	 	6.02	  
	 (b)
	  	 	4.04	  
	 318 (a)
	  	 	13.07	  

 N.A. means Not Applicable 
 NOTE:
This Cross-Reference table shall not, for any purpose, be deemed part of this Indenture. 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I

DEFINITIONS AND INCORPORATION BY REFERENCE
	  			
	 Section 1.01
	 	Definitions	  	 	1	  
	 Section 1.02
	 	Other Definitions	  	 	6	  
	 Section 1.03
	 	Incorporation by Reference of Trust Indenture Act	  	 	6	  
	 Section 1.04
	 	Rules of Construction	  	 	6	  
		
	 ARTICLE II

DEBT SECURITIES
	  			
			
	 Section 2.01
	 	Forms Generally	  	 	7	  
	 Section 2.02
	 	Form of Trustee’s Certificate of Authentication	  	 	7	  
	 Section 2.03
	 	Principal Amount; Issuable in Series	  	 	7	  
	 Section 2.04
	 	Execution of Debt Securities	  	 	10	  
	 Section 2.05
	 	Authentication and Delivery of Debt Securities	  	 	10	  
	 Section 2.06
	 	Denomination of Debt Securities	  	 	11	  
	 Section 2.07
	 	Registration of Transfer and Exchange	  	 	12	  
	 Section 2.08
	 	Temporary Debt Securities	  	 	13	  
	 Section 2.09
	 	Cancellation of Surrendered Debt Securities	  	 	14	  
	 Section 2.10
	 	Provisions of the Indenture and Debt Securities for the Sole Benefit of the Parties and the Holders	  	 	15	  
	 Section 2.11
	 	Payment of Interest; Interest Rights Preserved	  	 	15	  
	 Section 2.12
	 	Securities Denominated in Dollars	  	 	15	  
	 Section 2.13
	 	Wire Transfers	  	 	15	  
	 Section 2.14
	 	Securities Issuable in the Form of a Global Security	  	 	15	  
	 Section 2.15
	 	Medium Term Securities	  	 	18	  
	 Section 2.16
	 	Defaulted Interest	  	 	19	  
	 Section 2.17
	 	CUSIP and ISIN Numbers	  	 	20	  
		
	 ARTICLE III

REDEMPTION OF DEBT SECURITIES
	  			
			
	 Section 3.01
	 	Applicability of Article	  	 	20	  
	 Section 3.02
	 	Notice of Redemption; Selection of Debt Securities	  	 	20	  
	 Section 3.03
	 	Payment of Debt Securities Called for Redemption	  	 	21	  
	 Section 3.04
	 	Mandatory and Optional Sinking Funds	  	 	22	  
	 Section 3.05
	 	Redemption of Debt Securities for Sinking Fund	  	 	23	  

  
 i 

							
		
	 ARTICLE IV

PARTICULAR COVENANTS OF THE COMPANY
	  			
			
	 Section 4.01
	 	Payment of Principal of, and Premium, If Any, and Interest on, Debt Securities	  	 	24	  
	 Section 4.02
	 	Maintenance of Offices or Agencies for Registration of Transfer, Exchange and Payment of Debt Securities	  	 	24	  
	 Section 4.03
	 	Appointment to Fill a Vacancy in the Office of Trustee	  	 	25	  
	 Section 4.04
	 	Duties of Paying Agents, etc.	  	 	25	  
	 Section 4.05
	 	SEC Reports; Financial Statements	  	 	26	  
	 Section 4.06
	 	Compliance Certificate	  	 	27	  
	 Section 4.07
	 	Further Instruments and Acts	  	 	27	  
	 Section 4.08
	 	Existence	  	 	27	  
	 Section 4.09
	 	Maintenance of Properties	  	 	27	  
	 Section 4.10
	 	Payment of Taxes and Other Claims	  	 	28	  
	 Section 4.11
	 	Waiver of Certain Covenants	  	 	28	  
		
	 ARTICLE V

HOLDERS’ LISTS AND REPORTS BY THE TRUSTEE
	  			
			
	 Section 5.01
	 	Company to Furnish Trustee Information as to Names and Addresses of Holders; Preservation of Information	  	 	28	  
	 Section 5.02
	 	Communications to Holders	  	 	28	  
	 Section 5.03
	 	Reports by Trustee	  	 	29	  
	 Section 5.04
	 	Record Dates for Action by Holders	  	 	29	  
		
	 ARTICLE VI

REMEDIES OF THE TRUSTEE AND HOLDERS IN EVENT OF DEFAULT
	  			
			
	 Section 6.01
	 	Events of Default	  	 	29	  
	 Section 6.02
	 	Collection of Debt by Trustee, etc.	  	 	31	  
	 Section 6.03
	 	Application of Money Collected by Trustee	  	 	32	  
	 Section 6.04
	 	Limitation on Suits by Holders	  	 	33	  
	 Section 6.05
	 	Remedies Cumulative; Delay or Omission in Exercise of Rights Not a Waiver of Default	  	 	34	  
	 Section 6.06
	 	Rights of Holders of Majority in Principal Amount of Debt Securities to Direct Trustee and to Waive Default	  	 	34	  
	 Section 6.07
	 	Trustee to Give Notice of Defaults Known to It, but May Withhold Such Notice in Certain Circumstances	  	 	35	  
	 Section 6.08
	 	Requirement of an Undertaking to Pay Costs in Certain Suits under the Indenture or Against the Trustee	  	 	35	  

  
 ii 

							
		
	 ARTICLE VII

CONCERNING THE TRUSTEE
	  			
			
	 Section 7.01
	 	Certain Duties and Responsibilities	  	 	35	  
	 Section 7.02
	 	Certain Rights of Trustee	  	 	36	  
	 Section 7.03
	 	Trustee Not Liable for Recitals in Indenture or in Debt Securities	  	 	38	  
	 Section 7.04
	 	Trustee, Paying Agent or Registrar May Own Debt Securities	  	 	38	  
	 Section 7.05
	 	Money Received by Trustee to Be Held in Trust	  	 	38	  
	 Section 7.06
	 	Compensation and Reimbursement	  	 	39	  
	 Section 7.07
	 	Right of Trustee to Rely on an Officers’ Certificate Where No Other Evidence Specifically Prescribed	  	 	39	  
	 Section 7.08
	 	Separate Trustee; Replacement of Trustee	  	 	39	  
	 Section 7.09
	 	Successor Trustee by Merger	  	 	41	  
	 Section 7.10
	 	Eligibility; Disqualification	  	 	41	  
	 Section 7.11
	 	Preferential Collection of Claims Against Company	  	 	41	  
		
	 ARTICLE VIII

CONCERNING THE HOLDERS
	  			
			
	 Section 8.01
	 	Evidence of Action by Holders	  	 	42	  
	 Section 8.02
	 	Proof of Execution of Instruments and of Holding of Debt Securities	  	 	42	  
	 Section 8.03
	 	Who May Be Deemed Owner of Debt Securities	  	 	42	  
	 Section 8.04
	 	Instruments Executed by Holders Bind Future Holders	  	 	42	  
		
	 ARTICLE IX

SUPPLEMENTAL INDENTURES
	  			
			
	 Section 9.01
	 	Purposes for Which Supplemental Indenture May Be Entered into Without Consent of Holders	  	 	43	  
	 Section 9.02
	 	Modification of Indenture with Consent of Holders of Debt Securities	  	 	45	  
	 Section 9.03
	 	Effect of Supplemental Indentures	  	 	46	  
	 Section 9.04
	 	Debt Securities May Bear Notation of Changes by Supplemental Indentures	  	 	46	  
		
	 ARTICLE X

CONSOLIDATION, MERGER, SALE OR CONVEYANCE
	  			
			
	 Section 10.01
	 	Consolidations and Mergers of the Company	  	 	47	  
	 Section 10.02
	 	Rights and Duties of Successor Person	  	 	47	  

  
 iii 

							
		
	 ARTICLE XI

SATISFACTION AND DISCHARGE OF

INDENTURE; DEFEASANCE; UNCLAIMED MONEY
	  			
			
	 Section 11.01
	 	Applicability of Article	  	 	47	  
	 Section 11.02
	 	Satisfaction and Discharge of Indenture; Defeasance	  	 	48	  
	 Section 11.03
	 	Conditions of Defeasance	  	 	49	  
	 Section 11.04
	 	Application of Trust Money	  	 	50	  
	 Section 11.05
	 	Repayment to Company	  	 	50	  
	 Section 11.06
	 	Indemnity for U.S. Government Obligations	  	 	50	  
	 Section 11.07
	 	Reinstatement	  	 	50	  
		
	 ARTICLE XII

[RESERVED]
  

ARTICLE XIII
 MISCELLANEOUS
PROVISIONS
	  			
			
	 Section 13.01
	 	Successors and Assigns of Company Bound by Indenture	  	 	51	  
	 Section 13.02
	 	Acts of Board, Committee or Officer of Successor Person Valid	  	 	51	  
	 Section 13.03
	 	Required Notices or Demands	  	 	51	  
	 Section 13.04
	 	Indenture and Debt Securities to Be Construed in Accordance with the Laws of the State of New York	  	 	52	  
	 Section 13.05
	 	Officers’ Certificate and Opinion of Counsel to Be Furnished upon Application or Demand by the Company	  	 	52	  
	 Section 13.06
	 	Payments Due on Legal Holidays	  	 	53	  
	 Section 13.07
	 	Provisions Required by TIA to Control	  	 	53	  
	 Section 13.08
	 	Computation of Interest on Debt Securities	  	 	53	  
	 Section 13.09
	 	Rules by Trustee, Paying Agent and Registrar	  	 	53	  
	 Section 13.10
	 	No Recourse Against Others	  	 	53	  
	 Section 13.11
	 	Severability	  	 	53	  
	 Section 13.12
	 	Effect of Headings	  	 	53	  
	 Section 13.13
	 	Indenture May Be Executed in Counterparts	  	 	53	  
	 Section 13.14
	 	Force Majeure	  	 	53	  

  
 iv 

 THIS INDENTURE dated as of         ,
201     is between Carriage Services, Inc., a Delaware corporation (the “Company”), and                     , a
national banking association, as trustee (the “Trustee”). 
 RECITALS OF THE COMPANY 

The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of the
Company’s debentures, notes, bonds or other evidences of indebtedness to be issued in one or more series unlimited as to principal amount (herein called the “Debt Securities”), as in this Indenture provided. 

All things necessary to make this Indenture a valid agreement of the Company, in accordance with its terms, have been done. 

NOW, THEREFORE, THIS INDENTURE WITNESSETH 

That in order to declare the terms and conditions upon which the Debt Securities are authenticated, issued and delivered, and in consideration
of the premises, and of the purchase and acceptance of the Debt Securities by the holders thereof, the Company and the Trustee covenant and agree with each other, for the benefit of the respective Holders from time to time of the Debt Securities or
any series thereof, as follows: 
 ARTICLE I 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01 Definitions. 

“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or
indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly,
whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. The Trustee may request and may conclusively rely upon an
Officers’ Certificate to determine whether any Person is an Affiliate of any specified Person. 
 “Agent” means any Registrar
or paying agent. 
 “Bankruptcy Law” means Title 11, U.S. Code or any similar federal or state law for the relief of debtors. 

“Board of Directors” means the board of directors of the Company or any authorized committee of the board of directors of the
Company or any directors and/or officers of the Company to whom such board of directors or such committee shall have duly delegated its authority to act hereunder. 

“Business Day” means any day other than a Legal Holiday. 

  
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 The term “capital stock” of any Person means and includes any and all shares, rights to
purchase, warrants or options (whether or not currently exercisable), participations or other equivalents of or interests in (however designated) the equity (which includes, but is not limited to, common stock, preferred stock and partnership and
joint venture interests) of such Person (excluding any debt securities that are convertible into, or exchangeable for, such equity). 

“Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law. 

“Debt” of any Person at any date means any obligation created or assumed by such Person for the repayment of borrowed money and any
guarantee thereof. 
 “Debt Security” or “Debt Securities” has the meaning stated in the first recital of this Indenture
and more particularly means any debt security or debt securities, as the case may be, of any series authenticated and delivered under this Indenture. 

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

 “Depositary” means, unless otherwise specified by the Company pursuant to either Section 2.03 or 2.15, with respect to
Debt Securities of any series issuable or issued in whole or in part in the form of one or more Global Securities, The Depository Trust Company, New York, New York, or any successor thereto registered as a clearing agency under the Exchange Act or
other applicable statute or regulations. 
 “Dollar” or “$” means such currency of the United States as at the time of
payment is legal tender for the payment of public and private debts. 
 “Exchange Act” means the Securities Exchange Act of 1934,
as amended, and any successor statute. 
 “Floating Rate Security” means a Debt Security that provides for the payment of interest
at a variable rate determined periodically by reference to an interest rate index specified pursuant to Section 2.03. 

“GAAP” means generally accepted accounting principles in the United States, as in effect from time to time. 

“Global Security” means with respect to any series of Debt Securities issued hereunder, a Debt Security which is executed by the
Company and authenticated and delivered by the Trustee to the Depositary or pursuant to the Depositary’s instruction, all in accordance with this Indenture and any Indentures supplemental hereto, or resolution of the Board of Directors and set
forth in an Officers’ Certificate, which shall be registered in the name of the Depositary or its nominee and which shall represent, and shall be denominated in an amount equal to the aggregate principal amount of, all the Outstanding Debt
Securities of such series or any portion thereof, in either case having the same terms, including, without limitation, the same original issue date, date or dates on which principal is due and interest rate or method of determining interest. 

  
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 The term “guarantee” means any obligation, contingent or otherwise, of any Person
directly or indirectly guaranteeing any Debt or other obligation of any other Person and any obligation, direct or indirect, contingent or otherwise, of such Person (a) to purchase or pay (or advance or supply funds for the purchase or payment
of) such Debt or other obligation of such other Person (whether arising by virtue of partnership arrangements, or by agreement to keep-well, to purchase assets, goods, securities or services, to take-or-pay, or to maintain financial statement
conditions or otherwise) or (b) entered into for purposes of assuring in any other manner the obligee of such Debt or other obligation of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in part);
provided, however, that the term “guarantee” shall not include endorsements for collection or deposit in the ordinary course of business. The term “guarantee” used as a verb has a corresponding meaning. 

“Holder,” “Holder of Debt Securities” or other similar terms means, a Person in whose name a Debt Security is registered
in the Debt Security Register (as defined in Section 2.07(a)). 
 “Indenture” means this instrument as originally executed,
or, if amended or supplemented as herein provided, as so amended or supplemented and shall include the form and terms of particular series of Debt Securities as contemplated hereunder, whether or not a supplemental Indenture is entered into with
respect thereto. 
 “Legal Holiday” means a Saturday, a Sunday or a day on which banking institutions in the City of Houston or at
a Place of Payment are authorized by law, regulation or executive order to remain closed. If a payment date is a Legal Holiday at a Place of Payment, payment may be made at that place on the next succeeding day that is not a Legal Holiday, and no
interest shall accrue for the intervening period. 
 “Lien” means, with respect to any asset, any mortgage, lien, security
interest, pledge, charge or other encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law. 

“Officer” means, with respect to a Person, the Chairman of the Board, the President, any Vice President, the Treasurer, any
Assistant Treasurer, Controller, Secretary, Assistant Secretary or any Assistant Vice President of such Person. 
 “Officers’
Certificate” means a certificate signed by two Officers of the Company, one of whom must be the Company’s chief executive officer, chief financial officer or chief accounting officer. 

“Opinion of Counsel” means a written opinion from legal counsel who is acceptable to the Trustee. The counsel may be an employee of
or counsel to the Company or the Trustee. 
 “Original Issue Discount Debt Security” means any Debt Security that provides for an
amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the maturity thereof pursuant to Section 6.01. 

“Outstanding,” when used with respect to any series of Debt Securities, means, as of the date of determination, all Debt Securities
of that series theretofore authenticated and delivered under this Indenture, except: 

  
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 (a) Debt Securities of that series theretofore canceled by the Trustee or delivered to the
Trustee for cancellation; 
 (b) Debt Securities of that series for whose payment or redemption money in the necessary amount has been
theretofore deposited with the Trustee or any paying agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its own paying agent) for the Holders of such Debt Securities; provided,
that, if such Debt 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; and 

(c) Debt Securities of that series which have been paid pursuant to Section 2.09 or in exchange for or in lieu of which other Debt
Securities have been authenticated and delivered pursuant to this Indenture, other than any such Debt Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Debt Securities are held by a bona
fide purchaser in whose hands such Debt Securities are valid obligations of the Company; 
 provided, however, that in determining whether the Holders of
the requisite principal amount of the Outstanding Debt Securities of any series have given any request, demand, authorization, direction, notice, consent or waiver hereunder, Debt Securities owned by the Company or any other obligor upon the Debt
Securities or any Affiliate of the Company or of 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 Debt Securities which a Responsible Officer actually knows to be so owned shall be so disregarded. Debt Securities so owned which 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 Debt Securities and that the pledgee is not the Company or any other obligor upon the Debt Securities or an Affiliate of the Company or of
such other obligor. In determining whether the Holders of the requisite principal amount of Outstanding Debt Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder, the principal amount of an
Original Issue Discount Debt Security that shall be deemed to be Outstanding for such purposes shall be the amount of the principal thereof that would be due and payable as of the date of such determination upon a declaration of acceleration of the
maturity thereof pursuant to Section 6.01. 
 “Company” means the Person named as the “Company” 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 “Company” shall mean such successor Person. 

“Company Request” and “Company Order” mean, respectively, a written request or order signed in the name of the Company by
the Chairman of the Board, the President or a Vice President of the Company, and by the Treasurer, an Assistant Treasurer, the Controller, an Assistant Controller, the Secretary or an Assistant Secretary of the Company, and delivered to the Trustee.

 “Person” means any individual, corporation, partnership, joint venture, limited liability company, incorporated or
unincorporated association, joint-stock company, trust, unincorporated organization or government or other agency or political subdivision thereof or other entity of any kind. 

  
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 “Redemption Date,” when used with respect to any Debt Security to be redeemed, means
the date fixed for such redemption by or pursuant to this Indenture. 
 “Responsible Officer” means, when used with respect to the
Trustee, any officer within the corporate trust department of the Trustee, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs
functions similar to those performed by the Persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity with the particular subject and
who shall have direct responsibility for the administration of this Indenture. 
 “SEC” means the Securities and Exchange
Commission. 
 “Securities Act” means the Securities Act of 1933, as amended, and any successor statute. 

“Stated Maturity” means, with respect to any security, the date specified in such security as the fixed date on which the payment of
principal of such security is due and payable, including pursuant to any mandatory redemption provision (but excluding any provision providing for the repurchase of such security at the option of the holder thereof upon the happening of any
contingency beyond the control of the issuer unless such contingency has occurred). 
 “Subsidiary” of any Person means: 

 

	 	(1)	any corporation, association or other business entity (other than a partnership) of which more than 50% of the total voting power of equity interests entitled, without regard to the occurrence of any contingency, to
vote in the election of directors, managers, trustees or equivalent Persons thereof, is at the time of determination owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of such Person or a combination
thereof; or 

  

	 	(2)	in the case of a partnership, more than 50% of the partners’ equity interests, considering all partners’ equity interests as a single class, is at such time of determination owned or controlled, directly or
indirectly, by such Person or one or more of the other Subsidiaries of such Person or a combination thereof. 

“TIA” means the Trust Indenture Act of 1939, as amended, as in effect on the date of this Indenture as originally executed and, to
the extent required by law, as amended. 
 “Trustee” initially means
                     and any other Person or Persons appointed as such from time to time pursuant to Section 7.08, and, subject to the
provisions of Article VII, includes its or their successors and assigns. If at any time there is more than one such Person, “Trustee” as used with respect to the Debt Securities of any series shall mean the Trustee with respect to the Debt
Securities of that series. 

  
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 “United States” means the United States of America (including the States and the
District of Columbia), its territories, its possessions and other areas subject to its jurisdiction. 
 “U.S. Government
Obligations” means direct obligations of the United States of America, obligations on which the payment of principal and interest is fully guaranteed by the United States of America or obligations or guarantees for the payment of which the full
faith and credit of the United States of America is pledged. 
 “Yield to Maturity” means the yield to maturity, calculated at the
time of issuance of a series of Debt Securities, or, if applicable, at the most recent redetermination of interest on such series and calculated in accordance with accepted financial practice. 

Section 1.02 Other Definitions. 
  

					
	 Term
	  	Defined in Section	 
	 “Debt Security Register”
	  	 	2.07	  
	 “Defaulted Interest”
	  	 	2.17	  
	 “Event of Default”
	  	 	6.01	  
	 “Place of Payment”
	  	 	2.03	  
	 “Registrar”
	  	 	2.07	  
	 “Successor Person”
	  	 	10.01	  

 Section 1.03 Incorporation by Reference of Trust Indenture Act. Whenever this Indenture refers to
a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture. 
 All terms used in this Indenture
that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule under the TIA have the meanings so assigned to them. 

Section 1.04 Rules of Construction. Unless the context otherwise requires: 

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

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

(c) “or” is not exclusive; 

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

(e) provisions apply to successive events and transactions; and 

(f) 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. 

  
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 ARTICLE II 

DEBT SECURITIES 

Section 2.01 Forms Generally. The Debt Securities of each series shall be in substantially the form established without the
approval of any Holder by or pursuant to a resolution of the Board of Directors or in one or more Indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or
permitted by this Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as the Company may deem appropriate (and, if not contained in a supplemental Indenture entered into in
accordance with Article IX, as are not prohibited by the provisions of this Indenture) or as may be required or appropriate to comply with any law or with any rules made pursuant thereto or with any rules of any securities exchange on which such
series of Debt Securities may be listed, or to conform to general usage, or as may, consistently herewith, be determined by the officers executing such Debt Securities as evidenced by their execution of the Debt Securities. 

The definitive Debt Securities of each series shall be printed, lithographed or engraved on steel engraved borders or may be produced in any
other manner, all as determined by the officers executing such Debt Securities, as evidenced by their execution of such Debt Securities. 

Section 2.02 Form of Trustee’s Certificate of Authentication. The Trustee’s certificate of authentication on all Debt
Securities authenticated by the Trustee shall be in substantially the following form: 
 TRUSTEE’S CERTIFICATE OF AUTHENTICATION

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

 

			
	 As Trustee

		
	 By:
	 	 
		 	Authorized Signatory

 Section 2.03 Principal Amount; Issuable in Series. The aggregate principal amount of Debt
Securities which may be issued, executed, authenticated, delivered and outstanding under this Indenture is unlimited. 
 The Debt Securities
may be issued in one or more series in fully registered form. There shall be established, without the approval of any Holders, in or pursuant to a resolution of the Board of Directors and set forth in an Officers’ Certificate, or established in
one or more Indentures supplemental hereto, prior to the issuance of Debt Securities of any series any or all of the following: 
 (a) the
title of the Debt Securities of the series (which shall distinguish the Debt Securities of the series from all other Debt Securities); 

  
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 (b) any limit upon the aggregate principal amount of the Debt Securities of the series which may
be authenticated and delivered under this Indenture (except for Debt Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Debt Securities of the series pursuant to this Article II); 

(c) the date or dates on which the principal of and premium, if any, on the Debt Securities of the series are payable; 

(d) the rate or rates (which may be fixed or variable) at which the Debt Securities of the series shall bear interest, if any, or the method of
determining such rate or rates, the date or dates from which such interest shall accrue, the interest payment dates on which such interest shall be payable, or the method by which such date will be determined, the record dates for the determination
of Holders thereof to whom such interest is payable, or the method by which such date will be determined; and the basis upon which interest will be calculated if other than that of a 360-day year of twelve thirty-day months; 

(e) the place or places, if any, in addition to the corporate trust office of the Trustee in New York, New York, where the principal of, and
premium, if any, and interest on, Debt Securities of the series shall be payable (“Place of Payment”); 
 (f) the price or prices
at which, the period or periods within which and the terms and conditions upon which Debt Securities of the series may be redeemed, in whole or in part, at the option of the Company or otherwise; 

(g) the obligation, if any, of the Company to redeem, purchase or repay Debt Securities of the series pursuant to any sinking fund or analogous
provisions or at the option of a Holder thereof, and the price or prices at which and the period or periods within which and the terms and conditions upon which Debt Securities of the series shall be redeemed, purchased or repaid, in whole or in
part, pursuant to such obligations; 
 (h) the terms, if any, upon which the Debt Securities of the series may be convertible into or
exchanged for capital stock (which may be represented by depositary shares), other Debt Securities or warrants for capital stock or Debt or other securities of any kind of the Company or any other obligor and the terms and conditions upon which such
conversion or exchange shall be effected, including the initial conversion or exchange price or rate, the conversion or exchange period and any other provision in addition to or in lieu of those described herein; 

(i) if other than denominations of $1,000 and any integral multiple thereof, the denominations in which Debt Securities of the series shall be
issuable; 
 (j) if the amount of principal of or any premium or interest on Debt Securities of the series may be determined with reference
to an index or pursuant to a formula, the manner in which such amounts will be determined; 
 (k) if the principal amount payable at the
Stated Maturity of Debt Securities of the series will not be determinable as of any one or more dates prior to such Stated Maturity, the amount which will be deemed to be such principal amount as of any such date for any purpose, including the
principal amount thereof which will be due and payable upon any maturity other than the Stated Maturity or which will be deemed to be Outstanding as of any such date (or, in any such case, the manner in which such deemed principal amount is to be
determined); 

  
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 (l) any changes or additions to Article XI, including the addition of additional covenants that
may be subject to the covenant defeasance option pursuant to Section 11.02(b); 
 (m) if other than the principal amount thereof, the
portion of the principal amount of Debt Securities of the series which shall be payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.01 or provable in bankruptcy pursuant to Section 6.02; 

(n) the terms, if any, of the transfer, mortgage, pledge or assignment as security for the Debt Securities of the series of any properties,
assets, money, proceeds, securities or other collateral, including whether certain provisions of the TIA are applicable and any corresponding changes to provisions of this Indenture as currently in effect; 

(o) any addition to or change in the Events of Default with respect to the Debt Securities of the series and any change in the right of the
Trustee or the Holders to declare the principal of, and premium and interest on, such Debt Securities due and payable; 
 (p) if the Debt
Securities of the series shall be issued in whole or in part in the form of a Global Security or Securities, the terms and conditions, if any, upon which such Global Security or Securities may be exchanged in whole or in part for other individual
Debt Securities in definitive registered form; and the Depositary for such Global Security or Securities and the form of any legend or legends to be borne by any such Global Security or Securities in addition to or in lieu of the legend referred to
in Section 2.15(a); 
 (q) any trustees, authenticating or paying agents, transfer agents or registrars; 

(r) the applicability of, and any addition to or change in the covenants and definitions currently set forth in this Indenture or in the terms
currently set forth in Article X, including conditioning any merger, conveyance, transfer or lease permitted by Article X upon the satisfaction of any Debt coverage standard by the Company and Successor Person; 

(s) with regard to Debt Securities of the series that do not bear interest, the dates for certain required reports to the Trustee; and 

(t) any other terms of the Debt Securities of the series (which terms shall not be prohibited by the provisions of this Indenture). 

All Debt Securities of any one series shall be substantially identical except as to denomination and except as may otherwise be provided in or
pursuant to such resolution of the Board of Directors and as set forth in such Officers’ Certificate or in any such Indenture supplemental hereto. 

  
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 Section 2.04 Execution of Debt Securities. The Debt Securities shall be signed on
behalf of the Company by the Chairman of the Board, the President or a Vice President of the Company and, if the seal of the Company is reproduced thereon, it shall be attested by its Secretary, an Assistant Secretary, a Treasurer or an Assistant
Treasurer. Such signatures upon the Debt Securities may be the manual or facsimile signatures of the present or any future such authorized officers and may be imprinted or otherwise reproduced on the Debt Securities. The seal of the Company, if any,
may be in the form of a facsimile thereof and may be impressed, affixed, imprinted or otherwise reproduced on the Debt Securities. 
 Only
such Debt Securities as shall bear thereon a certificate of authentication substantially in the form hereinbefore recited, signed manually by the Trustee, shall be entitled to the benefits of this Indenture or be valid or obligatory for any purpose.
Such certificate by the Trustee upon any Debt Security executed by the Company shall be conclusive evidence that the Debt Security so authenticated has been duly authenticated and delivered hereunder. 

In case any officer of the Company who shall have signed any of the Debt Securities shall cease to be such officer before the Debt Securities
so signed shall have been authenticated and delivered by the Trustee, or disposed of by the Company, such Debt Securities nevertheless may be authenticated and delivered or disposed of as though the Person who signed such Debt Securities had not
ceased to be such officer of the Company; and any Debt Security may be signed on behalf of the Company by such Persons as, at the actual date of the execution of such Debt Security, shall be the proper officers of the Company, although at the date
of such Debt Security or of the execution of this Indenture any such Person was not such officer. 
 Section 2.05 Authentication and
Delivery of Debt Securities. At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Debt Securities of any series executed by the Company to the Trustee for authentication, and the Trustee
shall thereupon authenticate and deliver said Debt Securities to or upon a Company Order. In authenticating such Debt Securities, and accepting the additional responsibilities under this Indenture in relation to such Debt Securities, the Trustee
shall be entitled to receive, and (subject to Section 7.01) shall be fully protected in relying upon: 
 (a) a copy of any resolution or
resolutions of the Board of Directors, certified by the Secretary or Assistant Secretary of the Company, authorizing the terms of issuance of any series of Debt Securities; 

(b) an executed supplemental Indenture, if any; 

(c) an Officers’ Certificate; and 

(d) an Opinion of Counsel prepared in accordance with Section 13.05 which shall also state: 

(i) that the form of such Debt Securities has been established by or pursuant to a resolution of the Board of Directors or by a
supplemental Indenture as permitted by Section 2.01 in conformity with the provisions of this Indenture; 
 (ii) that
the terms of such Debt Securities have been established by or pursuant to a resolution of the Board of Directors or by a supplemental Indenture as permitted by Section 2.03 in conformity with the provisions of this Indenture; 

  
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 (iii) that such Debt Securities, when authenticated and delivered by the Trustee
and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and legally binding obligations of the Company, enforceable in accordance with their terms except as the enforceability
thereof may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally and rights of acceleration and the availability of equitable remedies may be limited by equitable principles of general
applicability; 
 (iv) that the Company has the power to issue such Debt Securities and has duly taken all necessary
corporate action with respect to such issuance; 
 (v) that the issuance of such Debt Securities will not contravene the
organizational documents of the Company or result in any material violation of any of the terms or provisions of any law or regulation or of any material indenture, mortgage or other agreement known to such counsel by which the Company is bound;

 (vi) that authentication and delivery of such Debt Securities and the execution and delivery of any supplemental Indenture
will not violate the terms of this Indenture; and 
 (vii) such other matters as the Trustee may reasonably request. 

Such Opinion of Counsel need express no opinion as to whether a court in the United States would render a money judgment in a currency other
than that of the United States. 
 The Trustee shall have the right to decline to authenticate and deliver any Debt Securities under this
Section 2.05 if the Trustee, being advised by counsel, determines that such action may not lawfully be taken or if the Trustee in good faith by its board of directors or trustees, executive committee or a trust committee of directors, trustees
or officers (or any combination thereof) shall determine that such action would expose the Trustee to personal liability to existing Holders. 

The Trustee may appoint an authenticating agent reasonably acceptable to the Company to authenticate Debt Securities of any series. Unless
limited by the terms of such appointment, an authenticating agent may authenticate Debt Securities 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 any Registrar, paying agent or agent for service of notices and demands. 
 Unless otherwise
provided in the form of Debt Security for any series, each Debt Security shall be dated the date of its authentication. 
 Section 2.06
Denomination of Debt Securities. Unless otherwise provided in the form of Debt Security for any series, the Debt Securities of each series shall be issuable only as fully registered Debt Securities in such Dollar denominations as shall be
specified or contemplated by Section 2.03. In the absence of any such specification with respect to the Debt Securities of any series, the Debt Securities of such series shall be issuable in denominations of $1,000 and any integral multiple
thereof. 

  
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 Section 2.07 Registration of Transfer and Exchange. 

(a) The Company shall keep or cause to be kept a register for each series of Debt Securities issued hereunder (hereinafter collectively
referred to as the “Debt Security Register”), in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of all Debt Securities and the transfer of Debt Securities as in this
Article II provided. At all reasonable times the Debt Security Register shall be open for inspection by the Trustee. Subject to Section 2.15, upon due presentment for registration of transfer of any Debt Security at any office or agency to be
maintained by the Company in accordance with the provisions of Section 4.02, the Company shall execute and the Trustee shall authenticate and deliver in the name of the transferee or transferees a new Debt Security or Debt Securities of
authorized denominations for a like aggregate principal amount. In no event may Debt Securities be issued as, or exchanged for, bearer securities. 

Unless and until otherwise determined by the Company, the Debt Security Register shall be kept at the corporate trust office of the Trustee
referred to in Section 13.03 and, for this purpose, the Trustee shall be designated “Registrar.” 
 Debt Securities of any
series (other than a Global Security, except as set forth below) may be exchanged for a like aggregate principal amount of Debt Securities of the same series of other authorized denominations. Subject to Section 2.15, Debt Securities to be
exchanged shall be surrendered at the office or agency to be maintained by the Company as provided in Section 4.02, and the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor the Debt Security or Debt
Securities which the Holder making the exchange shall be entitled to receive. 
 (b) All Debt Securities presented or surrendered for
registration of transfer, exchange or payment shall (if so required by the Company, the Trustee or the Registrar) be duly endorsed or be accompanied by a written instrument or instruments of transfer, in form satisfactory to the Company, the Trustee
and the Registrar, duly executed by the Holder or his attorney duly authorized in writing. 
 All Debt Securities issued in exchange for or
upon transfer of Debt Securities shall be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture as the Debt Securities surrendered for such exchange or transfer. 

No service charge shall be made for any exchange or registration of transfer of Debt Securities (except as provided by Section 2.09), but
the Company may require payment of a sum sufficient to cover any tax, fee, assessment or other governmental charge that may be imposed in relation thereto, other than those expressly provided in this Indenture to be made at the Company’s own
expense or without expense or without charge to the Holders. 
 The Company shall not be required (i) to issue, register the transfer of or
exchange any Debt Securities for a period of 15 days next preceding any mailing of notice of redemption of Debt Securities of such series or (ii) to register the transfer of or exchange any Debt Securities selected, called or being called for
redemption. 

  
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 Prior to the due presentation for registration of transfer of any Debt Security, the Company, the
Trustee, any paying agent or any Registrar may deem and treat the Person in whose name a Debt Security is registered as the absolute owner of such Debt Security for the purpose of receiving payment of or on account of the principal of, and premium,
if any, and (subject to Section 2.12) interest on, such Debt Security and for all other purposes whatsoever, whether or not such Debt Security is overdue, and none of the Company, the Trustee, any paying agent or any Registrar shall be affected
by notice to the contrary. 
 None of the Company, the Trustee, any agent of the Trustee, any paying agent or any 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 Global Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership
interests. 
 Section 2.08 Temporary Debt Securities. Pending the preparation of definitive Debt Securities of any series, the
Company may execute and the Trustee shall authenticate and deliver temporary Debt Securities (printed, lithographed, photocopied, typewritten or otherwise produced) of any authorized denomination, and substantially in the form of the definitive Debt
Securities in lieu of which they are issued, in registered form with such omissions, insertions and variations as may be appropriate for temporary Debt Securities, all as may be determined by the Company with the concurrence of the Trustee.
Temporary Debt Securities may contain such reference to any provisions of this Indenture as may be appropriate. Every temporary Debt Security shall be executed by the Company and be authenticated by the Trustee upon the same conditions and in
substantially the same manner, and with like effect, as the definitive Debt Securities. 
 If temporary Debt Securities of any series are
issued, the Company will cause definitive Debt Securities of such series to be prepared without unreasonable delay. After the preparation of definitive Debt Securities of such series, the temporary Debt Securities of such series shall be
exchangeable for definitive Debt Securities of such series upon surrender of the temporary Debt Securities of such series at the office or agency of the Company at a Place of Payment for such series, without charge to the Holder thereof, except as
provided in Section 2.07 in connection with a transfer. Upon surrender for cancellation of any one or more temporary Debt Securities of any series, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a
like principal amount of definitive Debt Securities of the same series of authorized denominations and of like tenor. Until so exchanged, temporary Debt Securities of any series shall in all respects be entitled to the same benefits under this
Indenture as definitive Debt Securities of such series. 
 Upon any exchange of a portion of a temporary Global Security for a definitive
Global Security or for the individual Debt Securities represented thereby pursuant to Section 2.07 or this Section 2.08, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the principal amount
evidenced thereby, whereupon the principal amount of such temporary Global Security shall be reduced for all purposes by the amount to be exchanged and endorsed. 

  
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 Section 2.09. Mutilated, Destroyed, Lost or Stolen Debt Securities. If (a) any
mutilated Debt Security is surrendered to the Trustee at its corporate trust office or (b) the Company and the Trustee receive evidence to their satisfaction of the destruction, loss or theft of any Debt Security, and there is delivered to the
Company and the Trustee such security or indemnity as may be required by them to save each of them and any paying agent harmless, and neither the Company nor the Trustee receives notice that such Debt Security has been acquired by a protected
purchaser, then the Company shall execute and, upon a Company Order, the 
 Trustee shall authenticate and deliver, in exchange for or in
lieu of any such mutilated, destroyed, lost or stolen Debt Security, a new Debt Security of the same series of like tenor, form, terms and principal amount, bearing a number not contemporaneously Outstanding. Upon the issuance of any substituted
Debt Security, the Company or the Trustee may require the payment of a sum sufficient to cover any tax, fee, assessment or other governmental charge that may be imposed in relation thereto and any other expenses connected therewith. In case any Debt
Security which has matured or is about to mature or which has been called for redemption shall become mutilated or be destroyed, lost or stolen, the Company may, instead of issuing a substituted Debt Security, pay or authorize the payment of the
same (without surrender thereof except in the case of a mutilated Debt Security) if the applicant for such payment shall furnish the Company and the Trustee with such security or indemnity as either may require to save it harmless from all risk,
however remote, and, in case of destruction, loss or theft, evidence to the satisfaction of the Company and the Trustee of the destruction, loss or theft of such Debt Security and of the ownership thereof. 

Every substituted Debt Security of any series issued pursuant to the provisions of this Section 2.09 by virtue of the fact that any Debt
Security is destroyed, lost or stolen shall constitute an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Debt Security shall be found at any time, and shall be entitled to all the benefits of
this Indenture equally and proportionately with any and all other Debt Securities of that series duly issued hereunder. All Debt Securities shall be held and owned upon the express condition that the foregoing provisions are exclusive with respect
to the replacement or payment of mutilated, destroyed, lost or stolen Debt Securities, and shall preclude any and all other rights or remedies, notwithstanding any law or statute existing or hereafter enacted to the contrary with respect to the
replacement or payment of negotiable instruments or other securities without their surrender. 
 Section 2.09 Cancellation of
Surrendered Debt Securities. All Debt Securities surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to the Company or any paying agent or a Registrar, be delivered to the Trustee for cancellation by
it, or if surrendered to the Trustee, shall be canceled by it, and no Debt Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All canceled Debt Securities held by the Trustee shall be
destroyed (subject to the record retention requirements of the Exchange Act) and certification of their destruction delivered to the Company, unless otherwise directed. On request of the Company, the Trustee shall deliver to the Company canceled
Debt Securities held by the Trustee. If the Company shall acquire any of the Debt Securities, however, such acquisition shall not operate as a redemption or satisfaction of the Debt represented thereby unless and until the same are delivered or
surrendered to the Trustee for cancellation. The Company may not issue new Debt Securities to replace Debt Securities it has redeemed, paid or delivered to the Trustee for cancellation. 

  
 14 

 Section 2.10 Provisions of the Indenture and Debt Securities for the Sole Benefit of the
Parties and the Holders. Nothing in this Indenture or in the Debt Securities, expressed or implied, shall give or be construed to give to any Person, other than the parties hereto, the Holders or any Registrar or paying agent, any legal or
equitable right, remedy or claim under or in respect of this Indenture, or under any covenant, condition or provision herein contained; all its covenants, conditions and provisions being for the sole benefit of the parties hereto, the Holders and
any Registrar and paying agents. 
 Section 2.11 Payment of Interest; Interest Rights Preserved. 

(a) Interest on any Debt Security that is payable and is punctually paid or duly provided for on any interest payment date shall be paid to the
Person in whose name such Debt Security is registered at the close of business on the regular record date for such interest notwithstanding the cancellation of such Debt Security upon any transfer or exchange subsequent to the regular record date.
Payment of interest on Debt Securities shall be made at the corporate trust office of the Trustee (except as otherwise specified pursuant to Section 2.03), or at the option of the Company, by check mailed to the address of the Person entitled
thereto as such address shall appear in the Debt Security Register or, if provided pursuant to Section 2.03 and in accordance with arrangements satisfactory to the Trustee, at the option of the Holder by wire transfer to an account designated
by the Holder. 
 (b) Subject to the foregoing provisions of this Section 2.12 and Section 2.17, each Debt Security of a particular
series delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Debt Security of the same series shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other
Debt Security. 
 Section 2.12 Securities Denominated in Dollars. Except as otherwise specified pursuant to Section 2.03
for Debt Securities of any series, payment of the principal of, and premium, if any, and interest on, Debt Securities of such series will be made in Dollars. 

Section 2.13 Wire Transfers. Notwithstanding any other provision to the contrary in this Indenture, the Company may make any
payment of money required to be deposited with the Trustee on account of principal of, or premium, if any, or interest on, the Debt Securities (whether pursuant to optional or mandatory redemption payments, interest payments or otherwise) by wire
transfer in immediately available funds to an account designated by the Trustee by 11:00 a.m., New York City time, on the date such money is to be paid to the Holders of the Debt Securities in accordance with the terms hereof. 

Section 2.14 Securities Issuable in the Form of a Global Security. 

(a) If the Company shall establish pursuant to Sections 2.01 and 2.03 that the Debt Securities of a particular series are to be issued in whole
or in part in the form of one or more Global Securities, then the Company shall execute and the Trustee or its agent shall, in accordance with Section 2.05, authenticate and deliver, such Global Security or Securities, which

  
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shall represent, and shall be denominated in an amount equal to the aggregate principal amount of, the Outstanding Debt Securities of such series to be represented by such Global Security or
Securities, or such portion thereof as the Company shall specify in an Officers’ Certificate, shall be registered in the name of the Depositary for such Global Security or Securities or its nominee, shall be delivered by the Trustee or its
agent to the Depositary or pursuant to the Depositary’s instruction and shall bear a legend substantially to the following effect: 

“UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), NEW YORK, NEW YORK, TO THE COMPANY 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 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 SECURITY SHALL BE LIMITED
TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH
IN THE INDENTURE REFERRED TO HEREIN,” 
 or such other legend as may then be required by the Depositary for such Global Security or Securities. 

(b) Notwithstanding any other provision of this Section 2.15 or of Section 2.07 to the contrary, and subject to the provisions of
paragraph (c) below, unless the terms of a Global Security expressly permit such Global Security to be exchanged in whole or in part for definitive Debt Securities in registered form, a Global Security may be transferred, in whole but not in
part and in the manner provided in Section 2.07, only by the Depositary to a nominee of the Depositary for such Global Security, or by a nominee of the Depositary to the Depositary or another nominee of the Depositary, or by the Depositary or a
nominee of the Depositary to a successor Depositary for such Global Security selected or approved by the Company, or to a nominee of such successor Depositary. 

(c) (i) If at any time the Depositary for a Global Security or Securities notifies the Company that it is unwilling or unable to continue as
Depositary for such Global Security or Securities or if at any time the Depositary for the Debt Securities for such series shall no longer be eligible or in good standing under the Exchange Act or other applicable statute, rule or regulation, the
Company shall appoint a successor Depositary with respect to such Global Security or Securities. If a successor Depositary for such Global Security or Securities is not appointed by the Company within 90 days after the Company receives such notice
or becomes aware of such ineligibility, the Company shall execute, and the Trustee or its agent, upon receipt 

  
 16 

 
of a Company Order for the authentication and delivery of such individual Debt Securities of such series in exchange for such Global Security or Securities, will authenticate and deliver,
individual Debt Securities of such series of like tenor and terms in definitive form in an aggregate principal amount equal to the principal amount of the Global Security or Securities in exchange for such Global Security or Securities. 

(ii) The Company may at any time and in its sole discretion determine that the Debt Securities of any series or portion thereof
issued or issuable in the form of one or more Global Securities shall no longer be represented by such Global Security or Securities. In such event the Company will execute, and the Trustee, upon receipt of a Company Order for the authentication and
delivery of individual Debt Securities of such series in exchange in whole or in part for such Global Security or Securities, will authenticate and deliver individual Debt Securities of such series of like tenor and terms in definitive form in an
aggregate principal amount equal to the principal amount of such series or portion thereof in exchange for such Global Security or Securities. 

(iii) If specified by the Company pursuant to Sections 2.01 and 2.03 with respect to Debt Securities issued or issuable in the
form of a Global Security, the Depositary for such Global Security may surrender such Global Security in exchange in whole or in part for individual Debt Securities of such series of like tenor and terms in definitive form on such terms as are
acceptable to the Company, the Trustee and such Depositary. Thereupon the Company shall execute, and the Trustee or its agent upon receipt of a Company Order for the authentication and delivery of definitive Debt Securities of such series shall
authenticate and deliver, without service charge, to each Person specified by such Depositary a new Debt Security or Securities of the same series of like tenor and terms and of any authorized denomination as requested by such Person in aggregate
principal amount equal to and in exchange for such Person’s beneficial interest in the Global Security; and to such Depositary a new Global Security of like tenor and terms and in an authorized denomination equal to the difference, if any,
between the principal amount of the surrendered Global Security and the aggregate principal amount of Debt Securities delivered to Holders thereof. 

(iv) In any exchange provided for in any of the preceding three paragraphs, the Company will execute and the Trustee or its
agent will authenticate and deliver individual Debt Securities. Upon the exchange of the entire principal amount of a Global Security for individual Debt Securities, such Global Security shall be canceled by the Trustee or its agent. Except as
provided in the preceding paragraph, Debt Securities issued in exchange for a Global Security pursuant to this Section 2.15 shall be registered in such names and in such authorized denominations as the Depositary for such Global Security,
pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee or the Registrar. The Trustee or the Registrar shall deliver such Debt Securities to the Persons in whose names such Debt Securities are so
registered. 

  
 17 

 (v) Payments in respect of the principal of and interest on any Debt Securities
issued in global form and registered in the name of the Depositary or its nominee will be payable to the Depositary or such nominee in its capacity as the registered owner of such Global Security. The Company and the Trustee may treat the Person in
whose name the Debt Securities, including the Global Security, are registered as the owner thereof for the purpose of receiving such payments and for any and all other purposes whatsoever. None of the Company, the Trustee, any Registrar, the paying
agent or any agent of the Company or the Trustee will have any responsibility or liability for any aspect of the records relating to or payments made on account of the beneficial ownership interests of the Global Security by the Depositary or its
nominee or any of the Depositary’s direct or indirect participants, or for maintaining, supervising or reviewing any records of the Depositary, its nominee or any of its direct or indirect participants relating to the beneficial ownership
interests of the Global Security, the payments to the beneficial owners of the Global Security of amounts paid to the Depositary or its nominee, or any other matter relating to the actions and practices of the Depositary, its nominee or any of its
direct or indirect participants. None of the Company, the Trustee or any such agent will be liable for any delay by the Depositary, its nominee, or any of its direct or indirect participants in identifying the beneficial owners of the Debt
Securities, and the Company and the Trustee may conclusively rely on, and will be protected in relying on, instructions from the Depositary or its nominee for all purposes (including with respect to the registration and delivery, and the respective
principal amounts, of the individual Debt Securities to be issued). 
 (vi) Neither the Trustee nor any Agent shall have any
responsibility for any actions taken or not taken by the Depositary. 
 Section 2.15 Medium Term Securities. Notwithstanding any
contrary provision herein, if all Debt Securities of a series are not to be originally issued at one time, it shall not be necessary for the Company to deliver to the Trustee an Officers’ Certificate, resolutions of the Board of Directors,
supplemental Indenture, Opinion of Counsel or written order or any other document otherwise required pursuant to Section 2.01, 2.03, 2.05 or 13.05 at or prior to the time of authentication of each Debt Security of such series if such documents
are delivered to the Trustee or its agent at or prior to the authentication upon original issuance of the first such Debt Security of such series to be issued; provided, that any subsequent request by the Company to the Trustee to authenticate Debt
Securities of such series upon original issuance shall constitute a representation and warranty by the Company that, as of the date of such request, the statements made in the Officers’ Certificate delivered pursuant to Section 2.05 or
13.05 shall be true and correct as if made on such date and that the Opinion of Counsel delivered at or prior to such time of authentication of an original issuance of Debt Securities shall specifically state that it shall relate to all subsequent
issuances of Debt Securities of such series that are identical to the Debt Securities issued in the first issuance of Debt Securities of such series. 

  
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 A Company Order delivered by the Company to the Trustee in the circumstances set forth in the
preceding paragraph, may provide that Debt Securities which are the subject thereof will be authenticated and delivered by the Trustee or its agent on original issue from time to time upon the telephonic or written order of Persons designated in
such written order (any such telephonic instructions to be promptly confirmed in writing by such Person) and that such Persons are authorized to determine, consistent with the Officers’ Certificate, supplemental Indenture or resolution of the
Board of Directors relating to such written order, such terms and conditions of such Debt Securities as are specified in such Officers’ Certificate, supplemental Indenture or such resolution. 

Section 2.16 Defaulted Interest. Any interest on any Debt Security of a particular series which is payable, but is not punctually
paid or duly provided for, on the dates and in the manner provided in the Debt Securities of such series and in this Indenture (herein called “Defaulted Interest”) shall forthwith cease to be payable to the Holder thereof on the relevant
record date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (i) or (ii) below: 

(i) The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Debt Securities of such
series 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 Company shall notify the Trustee in writing of the amount of Defaulted Interest
proposed to be paid on each such Debt Security of such series and the date of the proposed payment, and at the same time the Company 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 Company of such special record date and, in the name and at the expense of the Company, shall cause notice of the
proposed payment of such Defaulted Interest and the special record date therefor to be mailed, first class postage pre-paid, to each Holder thereof at its address as it appears in the Debt 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 so mailed, such Defaulted Interest shall be paid to the Persons in whose names the Debt Securities of such series are
registered at the close of business on such special record date. 
 (ii) The Company may make payment of any Defaulted
Interest on the Debt Securities of such series in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Debt Securities of such series may be listed, and upon such notice as may be required by such
exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee. 

  
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 Section 2.17 CUSIP and ISIN Numbers. The Company in issuing the Debt Securities may
use “CUSIP” and corresponding “ISIN” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” and corresponding “ISIN” numbers in notices of redemption as a convenience to Holders;
provided that any such notice may state that no representation is made as to the accuracy of such numbers either as printed on the Debt Securities or as contained in any notice of a redemption and that reliance may be placed only on the other
identification numbers printed on the Debt Securities, and any such redemption shall not be affected by any defect in or omission of such numbers. The Company will promptly notify the Trustee in writing of any change in the “CUSIP” and
“ISIN” numbers. 
 ARTICLE III 

REDEMPTION OF DEBT SECURITIES 

Section 3.01 Applicability of Article. The provisions of this Article shall be applicable to the Debt Securities of any series
which are redeemable before their Stated Maturity except as otherwise specified as contemplated by Section 2.03 for Debt Securities of such series. 

Section 3.02 Notice of Redemption; Selection of Debt Securities. In case the Company shall desire to exercise the right to redeem
all or, as the case may be, any part of the Debt Securities of any series in accordance with their terms, by resolution of the Board of Directors or a supplemental Indenture, the Company shall fix a date for redemption and shall give notice of such
redemption at least 30 and not more than 60 days prior to the date fixed for redemption to the Holders of Debt Securities of such series so to be redeemed as a whole or in part, in the manner provided in Section 13.03; provided, however, such
notice may be given more than 60 days prior to the Redemption Date if the notice is given in connection with a satisfaction and discharge pursuant to Section 11.02(a). The notice if given in the manner herein provided shall be conclusively
presumed to have been duly 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 Debt Security of a series designated for redemption as a whole or in part
shall not affect the validity of the proceedings for the redemption of any other Debt Security of such series. 
 Each such notice of
redemption shall specify (i) the Redemption Date, (ii) the redemption price at which Debt Securities of such series are to be redeemed (or the method of calculating such redemption price), (iii) the Place or Places of Payment that
payment will be made upon presentation and surrender of such Debt Securities, (iv) that any interest accrued to the Redemption Date will be paid as specified in said notice, (v) that the redemption is for a sinking fund payment (if
applicable), (vi) that, unless otherwise specified in such notice, if the Company defaults in making such redemption payment, the paying agent is prohibited from making such payment pursuant to the terms of this Indenture, (vii) that on
and after said date any interest thereon or on the portions thereof to be redeemed will cease to accrue, (viii) that in the case of Original Issue Discount Securities original issue discount accrued after the Redemption Date will cease to
accrue, (ix) the terms of the Debt Securities of that series pursuant to which the Debt Securities of that series are being redeemed, (x) the CUSIP number, if any, printed on the Debt Securities of that series being redeemed, and
(xi) that no representation is made as to the correctness or accuracy of the CUSIP or ISIN number, if any, listed in such notice or printed on the Debt Securities of that series. If less than all the Debt Securities of a series are to be
redeemed at any time, the notice of redemption shall specify the certificate numbers of the Debt 

  
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Securities of that series to be redeemed. In case any Debt Security of a series is to be redeemed in part only, the notice of redemption shall state the portion of the principal amount thereof to
be redeemed and shall state that on and after the Redemption Date, upon surrender of such Debt Security, a new Debt Security or Debt Securities of that series in principal amount equal to the unredeemed portion thereof, will be issued. 

At least five days before giving of any notice of redemption, unless the Trustee consents to a shorter period, the Company shall give written
notice to the Trustee of the Redemption Date, the principal amount of Debt Securities to be redeemed and the series and terms of the Debt Securities pursuant to which such redemption will occur. Such notice shall be accompanied by an Officers’
Certificate and an Opinion of Counsel from the Company to the effect that such redemption will comply with the conditions herein, and such notice may be revoked at any time prior to the giving of a notice of redemption to the Holders pursuant to
this Section 3.02. If fewer than all the Debt Securities of a series are to be redeemed, the record date relating to such redemption shall be selected by the Company and given in writing to the Trustee, which record date shall be not less than
15 days after the date of notice to the Trustee. 
 By 11 a.m., New York City time, on the Redemption Date for any Debt Securities, the
Company shall deposit with the Trustee or with a paying agent (or, if the Company is acting as its own paying agent, segregate and hold in trust) an amount of money in Dollars (except as provided pursuant to Section 2.03) sufficient to pay the
redemption price of such Debt Securities or any portions thereof that are to be redeemed on that date, together with any interest accrued to the Redemption Date. 

If less than all the Debt Securities of like tenor and terms of a series are to be redeemed (other than pursuant to a mandatory sinking fund),
the Trustee shall select, on a pro rata basis, by lot or by such other method as in its sole discretion it shall deem appropriate and fair (subject to the procedures of the Depositary), the Debt Securities of that series or portions thereof (in
multiples of $1,000) to be redeemed. In any case where more than one Debt Security of such series is registered in the same name, the Trustee in its discretion may treat the aggregate principal amount so registered as if it were represented by one
Debt Security of such series. The Trustee shall promptly notify the Company in writing of the Debt Securities selected for redemption and, in the case of any Debt Securities selected for partial redemption, the principal amount thereof to be
redeemed. If any Debt Security called for redemption shall not be so paid upon surrender thereof on such Redemption Date, the principal, premium, if any, and interest shall bear interest until paid from the Redemption Date at the rate borne by the
Debt Securities of that series. If less than all the Debt Securities of unlike tenor and terms of a series are to be redeemed, the particular Debt Securities to be redeemed shall be selected by the Company. Provisions of this Indenture that apply to
Debt Securities called for redemption also apply to portions of Debt Securities called for redemption. 
 Section 3.03 Payment of
Debt Securities Called for Redemption. If notice of redemption has been given as provided in Section 3.02, the Debt Securities or portions of Debt Securities of the series with respect to which such notice has been given shall become due
and payable on the date and at the Place or Places of Payment stated in such notice at the applicable redemption price, together with any interest accrued to the Redemption Date, and on and after said date (unless the Company shall default in the
payment of such Debt Securities at the 

  
 21 

 
applicable redemption price, together with any interest accrued to said date) any interest on the Debt Securities or portions of Debt Securities of any series so called for redemption shall cease
to accrue, and any original issue discount in the case of Original Issue Discount Securities shall cease to accrue. On presentation and surrender of such Debt Securities at the Place or Places of Payment in said notice specified, the said Debt
Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable redemption price, together with any interest accrued thereon to the Redemption Date. 

Any Debt Security that is to be redeemed only in part shall be surrendered at the Place of Payment with, if the Company, the Registrar or the
Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company, the Registrar and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing, and the Company shall
execute, and the Trustee shall authenticate and deliver to the Holder of such Debt Security without service charge, a new Debt Security or Debt Securities of the same series, of like tenor and form, 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 Debt Security so surrendered; except that if a Global Security is so surrendered, the Company shall execute, and the Trustee shall
authenticate and deliver to the Depositary for such Global Security, without service charge, a new Global Security in a denomination equal to and in exchange for the unredeemed portion of the principal of the Global Security so surrendered. In the
case of a Debt Security providing appropriate space for such notation, at the option of the Holder thereof, the Trustee, in lieu of delivering a new Debt Security or Debt Securities as aforesaid, may make a notation on such Debt Security of the
payment of the redeemed portion thereof. 
 Section 3.04 Mandatory and Optional Sinking Funds. The minimum amount of any sinking
fund payment provided for by the terms of Debt Securities of any series, resolution of the Board of Directors or a supplemental Indenture is herein referred to as a “mandatory sinking fund payment,” and any payment in excess of such
minimum amount provided for by the terms of Debt Securities of any series, resolution of the Board of Directors or a supplemental Indenture is herein referred to as an “optional sinking fund payment.” 

In lieu of making all or any part of any mandatory sinking fund payment with respect to any Debt Securities of a series in cash, the Company
may at its option (a) deliver to the Trustee Debt Securities of that series theretofore purchased or otherwise acquired by the Company or (b) receive credit for the principal amount of Debt Securities of that series which have been
redeemed either at the election of the Company pursuant to the terms of such Debt Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Debt Securities, resolution or supplemental Indenture;
provided, that such Debt Securities have not been previously so credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at the redemption price specified in such Debt Securities, resolution or supplemental
Indenture for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly. 

  
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 Section 3.05 Redemption of Debt Securities for Sinking Fund. Not less than 60 days
prior to each sinking fund payment date for any series of Debt Securities, the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund payment for that series pursuant to the terms of
that series, any resolution or supplemental Indenture, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting Debt Securities of that series
pursuant to this Section 3.05 (which Debt Securities, if not previously redeemed, will accompany such certificate) and whether the Company intends to exercise its right to make any permitted optional sinking fund payment with respect to such
series. Such certificate shall also state that no Event of Default has occurred and is continuing with respect to such series. Such certificate shall be irrevocable and upon its delivery the Company shall be obligated to make the cash payment or
payments therein referred to, if any, by 11 a.m., New York City time, on the next succeeding sinking fund payment date. Failure of the Company to deliver such certificate (or to deliver the Debt Securities specified in this paragraph) shall not
constitute a Default, but such failure shall require that the sinking fund payment due on the next succeeding sinking fund payment date for that series shall be paid entirely in cash and shall be sufficient to redeem the principal amount of such
Debt Securities subject to a mandatory sinking fund payment without the option to deliver or credit Debt Securities as provided in this Section 3.05 and without the right to make any optional sinking fund payment, if any, with respect to such
series. 
 Any sinking fund payment or payments (mandatory or optional) made in cash plus any unused balance of any preceding sinking fund
payments made in cash which shall equal or exceed $100,000 (or a lesser sum if the Company shall so request) with respect to the Debt Securities of any particular series shall be applied by the Trustee on the sinking fund payment date on which such
payment is made (or, if such payment is made before a sinking fund payment date, on the sinking fund payment date following the date of such payment) to the redemption of such Debt Securities at the redemption price specified in such Debt
Securities, resolution or supplemental Indenture for operation of the sinking fund together with any accrued interest to the date fixed for redemption. Any sinking fund money not so applied or allocated by the Trustee to the redemption of Debt
Securities shall be added to the next cash sinking fund payment received by the Trustee for such series and, together with such payment, shall be applied in accordance with the provisions of this Section 3.05. Any and all sinking fund money
with respect to the Debt Securities of any particular series held by the Trustee on the last sinking fund payment date with respect to Debt Securities of such series and not held for the payment or redemption of particular Debt Securities shall be
applied by the Trustee, together with other money, if necessary, to be deposited sufficient for the purpose, to the payment of the principal of the Debt Securities of that series at its Stated Maturity. 

The Trustee shall select the Debt Securities to be redeemed upon such sinking fund payment date in the manner specified in the last paragraph
of Section 3.02, and the Company shall cause notice of the redemption thereof to be given in the manner provided in Section 3.02 except that the notice of redemption shall also state that the Debt Securities are being redeemed by operation
of the sinking fund. Such notice having been duly given, the redemption of such Debt Securities shall be made upon the terms and in the manner stated in Section 3.03. 

The Trustee shall not redeem any Debt Securities of a series with sinking fund money or mail any notice of redemption of such Debt Securities
by operation of the sinking fund for such series during the continuance of a Default in payment of interest on such Debt Securities or of any Event of Default (other than an Event of Default occurring as a consequence of this paragraph) with respect
to such Debt Securities, except that if the notice of redemption of any 

  
 23 

 
such Debt Securities shall theretofore have been mailed in accordance with the provisions hereof, the Trustee shall redeem such Debt Securities if cash sufficient for that purpose shall be
deposited with the Trustee for that purpose in accordance with the terms of this Article III. Except as aforesaid, any money in the sinking fund for such series at the time when any such Default or Event of Default shall occur and any money
thereafter paid into such sinking fund shall, during the continuance of such Default or Event of Default, be held as security for the payment of such Debt Securities; provided, however, that in case such Default or Event of Default shall have been
cured or waived as provided herein, such money shall thereafter be applied on the next sinking fund payment date for such Debt Securities on which such money may be applied pursuant to the provisions of this Section 3.05. 

ARTICLE IV 
 PARTICULAR
COVENANTS OF THE COMPANY 
 Section 4.01 Payment of Principal of, and Premium, If Any, and Interest on, Debt Securities. The
Company, for the benefit of each series of Debt Securities, will duly and punctually pay or cause to be paid the principal of, and premium, if any, and interest on, each of the Debt Securities at the place, at the respective times and in the manner
provided herein or in the Debt Securities. Each installment of interest on the Debt Securities (other than those represented by a Global Security) may at the Company’s option be paid by mailing checks for such interest payable to the Person
entitled thereto pursuant to Section 2.07(a) to the address of such Person as it appears on the Debt Security Register. 
 Principal of
and premium and interest on Debt Securities of any series shall be considered paid on the date due if, by 11 a.m., New York City time, on such date the Trustee or any paying agent holds in accordance with this Indenture money sufficient to pay all
principal, premium and interest then due. 
 The Company shall pay interest on overdue principal or premium, if any, at the rate specified
therefor in the Debt Securities and it shall pay interest on overdue installments of interest at the same rate to the extent lawful. 

Section 4.02 Maintenance of Offices or Agencies for Registration of Transfer, Exchange and Payment of Debt Securities. The Company
will maintain in each Place of Payment for any series of Debt Securities an office or agency where Debt Securities of such series may be presented or surrendered for payment. The Company shall also maintain (in or outside such Place of Payment) an
office or agency where Debt Securities of such series may be surrendered for transfer or exchange and where notices and demands to or upon the Company in respect of the Debt Securities of such series and this Indenture may be served. The Company
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 Company 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 office of the Trustee referred to in Section 13.03, and the Company hereby appoints the Trustee as its agent to receive all presentations,
surrenders, notices and demands. 

  
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 The Company may also from time to time designate different or additional offices or agencies to
be maintained for such purposes (in or outside of such Place of Payment), and may from time to time rescind any such designation; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligations
described in the preceding paragraph. The Company will give prompt written notice to the Trustee of any such additional designation or rescission of designation and any change in the location of any such different or additional office or agency.

 Section 4.03 Appointment to Fill a Vacancy in the Office of Trustee. The Company, whenever necessary to avoid or fill a
vacancy in the office of Trustee, will appoint, in the manner provided in Section 7.08, a Trustee, so that there shall at all times be a Trustee hereunder with respect to each series of Debt Securities. 

Section 4.04 Duties of Paying Agents, etc. (a) The Company shall cause each paying agent, if any, other than the Trustee, to
execute and deliver to the Trustee an instrument in which such agent shall agree with the Trustee, subject to the provisions of this Section 4.04, 

(i) that it will hold all sums held by it as such agent for the payment of the principal of, and premium, if any, or interest
on, the Debt Securities of any series (whether such sums have been paid to it by the Company or by any other obligor on the Debt Securities of such series) in trust for the benefit of the Holders of the Debt Securities of such series; 

(ii) that it will give the Trustee notice of any failure by the Company (or by any other obligor on the Debt Securities of such
series) to make any payment of the principal of, and premium, if any, or interest on, the Debt Securities of such series when the same shall be due and payable; and 

(iii) that it will at any time during the continuance of an Event of Default, upon the written request of the Trustee,
forthwith pay to the Trustee all sums so held by it as such agent. 
 (b) If the Company shall act as its own paying agent, it will, by 11
a.m., New York City time, on each due date of the principal of, and premium, if any, or interest on, the Debt Securities of any series, set aside, segregate and hold in trust for the benefit of the Holders of the Debt Securities of such series a sum
sufficient to pay such principal, premium, if any, or interest so becoming due. The Company will promptly notify the Trustee of any failure by the Company to take such action or the failure by any other obligor on such Debt Securities to make any
payment of the principal of, and premium, if any, or interest on, such Debt Securities when the same shall be due and payable. 
 (c)
Anything in this Section 4.04 to the contrary notwithstanding, the Company may, at any time, for the purpose of obtaining a satisfaction and discharge of this Indenture, or for any other reason, pay or cause to be paid to the Trustee all sums
held in trust by it or any paying agent, as required by this Section 4.04, such sums to be held by the Trustee upon the same trusts as those upon which such sums were held by the Company or such paying agent. 

  
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 (d) Whenever the Company shall have one or more paying agents with respect to any series of Debt
Securities, it will, prior to each due date of the principal of, and premium, if any, or interest on, any Debt Securities of such series, deposit with any such paying agent a sum sufficient to pay the principal, premium or interest so becoming due,
such sum to be held in trust for the benefit of the Persons entitled thereto, and (unless any such paying agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act. 

(e) Anything in this Section 4.04 to the contrary notwithstanding, the agreement to hold sums in trust as provided in this
Section 4.04 is subject to the provisions of Section 11.05. 
 Section 4.05 SEC Reports; Financial Statements. 

(a) The Company shall, so long as any of the Debt Securities are Outstanding, file with the Trustee, within 15 days after it files the same
with the SEC, copies of the annual reports and the information, documents and other reports (or copies of such portions of any of the foregoing as the SEC may by rules and regulations prescribe) that the Company is required to file with the SEC
pursuant to Section 13 or 15(d) of the Exchange Act. If the Company is not subject to the requirements of such Section 13 or 15(d), the Company shall file with the Trustee, within 15 days after it would have been required to file the same
with the SEC, financial statements, including any notes thereto (and with respect to annual reports, an auditors’ report by a firm of established national reputation), and a “Management’s Discussion and Analysis of Financial Condition
and Results of Operations,” both comparable to that which the Company would have been required to include in such annual reports, information, documents or other reports if the Company had been subject to the requirements of such
Section 13 or 15(d). The Company shall also comply with the provisions of TIA Section 314(a). 
 (b) If the Company is required to
furnish annual or quarterly reports to its capital stockholders pursuant to the Exchange Act, the Company shall, so long as any of the Debt Securities are outstanding, cause any annual report furnished to its capital stockholders generally and any
quarterly or other financial reports furnished by it to its capital stockholders generally to be filed with the Trustee and mailed to the Holders in the manner and to the extent provided in Section 5.03. 

(c) The Company shall provide the Trustee with a sufficient number of copies of all reports and other documents and information that the
Trustee may be required to deliver to Holders under this Section. 
 (d) Delivery of the above information, documents and other reports to
the Trustee under this Section 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
Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). 

  
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 (e) Information required to be delivered pursuant to Sections 4.05(a) and/or 4.05(c) shall be
deemed to have been delivered on the date on which such information has been posted on the Securities and Exchange Commission website on the Internet at sec.gov/edaux/searches.htm, or at another website identified in a notice provided to the Trustee
and accessible by the Holders without charge. 
 Section 4.06 Compliance Certificate. 

(a) The Company shall, so long as any of the Debt Securities are Outstanding, deliver to the Trustee, within 120 days after the end of each
fiscal year of the Company (beginning with the fiscal year ending December 31, 201 ), an Officers’ Certificate stating that a review of the activities of the Company and its Subsidiaries during the preceding fiscal year has been made under
the supervision of the signing Officers of the Company with a view to determining whether the Company has kept, observed, performed and fulfilled its obligations under this Indenture, and further stating, as to each such Officer signing such
certificate, that to the best of his knowledge the Company has kept, observed, performed and fulfilled each and every covenant contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions and
conditions hereof, without regard to any grace period or requirement of notice required by this Indenture (or, if a Default or Event of Default shall have occurred, describing all such Defaults or Events of Default of which such Officer may have
knowledge and what action the Company is taking or proposes to take with respect thereto). 
 (b) The Company shall, so long as any of the
Debt Securities are Outstanding, deliver to the Trustee within 30 days after the occurrence of any Default or Event of Default under this Indenture, an Officers’ Certificate specifying such Default or Event of Default, the status thereof and
what curative action the Company is taking or proposes to take with respect thereto. 
 Section 4.07 Further Instruments and
Acts. The Company will, upon request of the Trustee, execute and deliver such further instruments and do such further acts as may reasonably be necessary or proper to carry out more effectually the purposes of this Indenture. 

Section 4.08 Existence. Except as permitted by Article X hereof, the Company shall do or cause to be done all things necessary to
preserve and keep in full force and effect its existence and all rights (charter and statutory) and franchises of the Company, provided that the Company shall not be required to preserve any such right or franchise, if the Company shall determine
that the preservation thereof is no longer desirable in the conduct of the business of the Company. 
 Section 4.09 Maintenance of
Properties. The Company shall cause all properties owned by the Company or any of its Subsidiaries or used or held for use in the conduct of its business or the business of any such Subsidiary to be maintained and kept in good condition, repair
and working order (reasonable wear and tear excepted) and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in the judgment of the Company may
be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided that nothing in this Section shall prevent the Company from discontinuing the operation or maintenance of any of
such properties if such discontinuance is, in the judgment of the Company, desirable in the conduct of its business or the business of any such Subsidiary and not disadvantageous in any material respect to the Holders. 

  
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 Section 4.10 Payment of Taxes and Other Claims. The Company shall pay or discharge or
cause to be paid or discharged, before the same shall become delinquent, (i) all taxes, assessments and governmental charges levied or imposed upon the Company or any of its Subsidiaries or upon the income, profits or property of the Company or
any of its Subsidiaries, and (ii) all lawful claims for labor, materials and supplies which, if unpaid, might by law become a Lien upon the property of the Company or any of its Subsidiaries; provided that the Company shall not be required to
pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings. 

Section 4.11 Waiver of Certain Covenants. The Company may, with respect to the Debt Securities of any series, omit in any
particular instance to comply with any covenant set forth in this Article IV (except Sections 4.01 through 4.08) or made applicable to such Debt Securities pursuant to Section 2.03, if, before or after the time for such compliance, the Holders
of a majority in principal amount of the Outstanding Debt Securities of each series affected, waive such compliance in such instance with such covenant, but no such waiver shall extend to or affect such covenant except to the extent so expressly
waived, and, until such waiver shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such covenant shall remain in full force and effect. 

ARTICLE V 
 HOLDERS’
LISTS AND REPORTS BY THE TRUSTEE 
 Section 5.01 Company to Furnish Trustee Information as to Names and Addresses of Holders;
Preservation of Information. The Company covenants and agrees that it will furnish or cause to be furnished to the Trustee with respect to the Debt Securities of each series: 

(a) not more than 10 days after each record date with respect to the payment of interest, if any, a list, in such form as the Trustee may
reasonably require, of the names and addresses of the Holders as of such record date, and 
 (b) at such other times as the Trustee may
request in writing, within 30 days after the receipt by the Company of any such request, a list of similar form and contents 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 shall be the Registrar, such lists shall not be required to be furnished. 

The Trustee shall preserve, in as current a form as is reasonably practicable, all information as to the names and addresses of the Holders
(i) contained in the most recent list furnished to it as provided in this Section 5.01 or (ii) received by it in the capacity of paying agent or Registrar (if so acting) hereunder. 

The Trustee may destroy any list furnished to it as provided in this Section 5.01 upon receipt of a new list so furnished. 

Section 5.02 Communications to Holders. Holders may communicate pursuant to Section 312(b) of the TIA with other Holders with
respect to their rights under this Indenture or the Debt Securities. The Company, the Trustee, the Registrar and anyone else shall have the protection of Section 312(c) of the TIA. 

  
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 Section 5.03 Reports by Trustee. Within 60 days after each January 31, beginning
with the first January 31 following the date of this Indenture, and in any event on or before April 1 in each year, the Trustee shall mail to Holders a brief report dated as of such January 31 that complies with TIA
Section 313(a); provided, however, that if no event described in TIA Section 313(a) has occurred within the twelve months preceding the reporting date, no report need be transmitted. The Trustee also shall comply with TIA
Section 313(b). 
 Reports pursuant to this Section 5.03 shall be transmitted by mail: 

(a) to all Holders, as the names and addresses of such Holders appear in the Debt Security Register; and 

(b) except in the cases of reports under Section 313(b)(2) of the TIA, to each Holder of a Debt Security of any series whose name and
address appear in the information preserved at the time by the Trustee in accordance with Section 5.01. 
 A copy of each report at the
time of its mailing to Holders shall be filed with the SEC and each stock exchange (if any) on which the Debt Securities of any series are listed. The Company agrees to notify promptly the Trustee whenever the Debt Securities of any series become
listed on any stock exchange and of any delisting thereof. 
 Section 5.04 Record Dates for Action by Holders. If the Company
shall solicit from the Holders of Debt Securities of any series any action (including the making of any demand or request, the giving of any direction, notice, consent or waiver or the taking of any other action), the Company may, at its option, by
resolution of the Board of Directors, fix in advance a record date for the determination of Holders of Debt Securities entitled to take such action, but the Company shall have no obligation to do so. Any such record date shall be fixed at the
Company’s discretion. If such a record date is fixed, such action may be sought or given before or after the record date, but only the Holders of Debt Securities of record at the close of business on such record date shall be deemed to be
Holders of Debt Securities for the purpose of determining whether Holders of the requisite proportion of Debt Securities of such series Outstanding have authorized or agreed or consented to such action, and for that purpose the Debt Securities of
such series Outstanding shall be computed as of such record date. 
 ARTICLE VI 

REMEDIES OF THE TRUSTEE AND HOLDERS IN EVENT OF DEFAULT 

Section 6.01 Events of Default. If any one or more of the following shall have occurred and be continuing with respect to Debt Securities
of any series (each of the following, an “Event of Default”): 
 (a) default in the payment of any installment of interest upon any
Debt Securities of that series as and when the same shall become due and payable, and continuance of such default for a period of 30 days; or 

  
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 (b) default in the payment of the principal of or premium, if any, on any Debt Securities of that
series as and when the same shall become due and payable, whether at Stated Maturity, upon redemption, by declaration, upon required repurchase or otherwise; or 

(c) default in the payment of any sinking fund payment with respect to any Debt Securities of that series as and when the same shall become due
and payable; or 
 (d) failure on the part of the Company duly to observe or perform any other of the covenants or agreements on the part of
the Company in the Debt Securities of that series, in any resolution of the Board of Directors authorizing the issuance of that series of Debt Securities, in this Indenture with respect to such series or in any supplemental Indenture with respect to
such series (other than a covenant a default in the performance of which is elsewhere in this Section specifically dealt with), continuing for a period of 60 days after the date on which written notice specifying such failure and requiring the
Company to remedy the same shall have been given, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in aggregate principal amount of the Debt Securities of that series at the time Outstanding; or 

(e) the Company pursuant to or within the meaning of any Bankruptcy Law, 

(i) commences a voluntary case, 

(ii) consents to the entry of an order for relief against it in an involuntary case, 

(iii) consents to the appointment of a Custodian of it or for all or substantially all of its property or 

(iv) makes a general assignment for the benefit of its creditors; 

(f) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

(i) is for relief against the Company as debtor in an involuntary case, 

(ii) appoints a Custodian of the Company or a Custodian for all or substantially all of the property of the Company or 

(iii) orders the liquidation of the Company, and the order or decree remains unstayed and in effect for 60 days; or 

(g) any other Event of Default provided with respect to Debt Securities of that series; 

then and in each and every case that an Event of Default described in clause (a), (b), (c), (d) or (g) with respect to Debt Securities of that
series at the time Outstanding occurs and is continuing, unless the principal of, premium, if any, and interest on all the Debt Securities of that 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 Debt Securities of that series then Outstanding hereunder, by 

  
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notice in writing to the Company (and to the Trustee if given by Holders), may declare the entire principal of (or, if the Debt Securities of that series are Original Issue Discount Debt
Securities, such portion of the principal amount as may be specified in the terms of that series), premium, if any, and accrued and unpaid interest on all the Debt Securities of that series to be due and payable immediately, and upon any such
declaration the same shall become and shall be immediately due and payable, anything in this Indenture or in the Debt Securities of that series contained to the contrary notwithstanding. If an Event of Default described in clause (e) or
(f) occurs, then and in each and every such case, unless the principal of and interest on all the Debt Securities shall have become due and payable, the entire principal of(or, if any Debt Securities are Original Issue Discount Debt Securities,
such portion of the principal amount as may be specified in the terms of that series), premium, if any, and accrued and unpaid interest on all the Debt Securities then Outstanding hereunder shall ipso facto become and be immediately due and payable
without any declaration or other act on the part of the Trustee or any Holders, anything in this Indenture or in the Debt Securities contained to the contrary notwithstanding. 

The Holders of a majority in aggregate principal amount of the Debt Securities of a particular series by written notice to the Trustee may
rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree of a court of competent jurisdiction already rendered and if all existing Events of Default with respect to Debt 

Securities of that series have been cured or waived except nonpayment of principal, premium, if any, or interest that has become due solely
because of acceleration. Upon any such rescission, the parties hereto shall be restored respectively to their several positions and rights hereunder, and all rights, remedies and powers of the parties hereto shall continue as though no such
proceeding had been taken. 
 Section 6.02 Collection of Debt by Trustee, etc. If an Event of Default occurs and is continuing,
the Trustee, in its own name and as trustee of an express trust, shall be entitled and empowered to institute any action or proceedings at law or in equity for the collection of the sums so due and unpaid or enforce the performance of any provision
of the Debt Securities of the affected series or this Indenture, and may prosecute any such action or proceedings to judgment or final decree, and may enforce any such judgment or final decree against the Company or any other obligor upon the Debt
Securities of such series (and collect in the manner provided by law out of the property of the Company or any other obligor upon the Debt Securities of such series wherever situated the money adjudged or decreed to be payable). 

In case there shall be pending proceedings for the bankruptcy or for the reorganization of the Company or any other obligor upon the Debt
Securities of any series under any Bankruptcy Law, or in case a Custodian shall have been appointed for its property, or in case of any other similar judicial proceedings relative to the Company or any other obligor upon the Debt Securities of any
series, its creditors or its property, the Trustee, irrespective of whether the principal of Debt Securities of any series 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 pursuant to the provisions of this Section 6.02, shall be entitled and empowered, by intervention in such proceedings or otherwise, to file and prove a claim or claims for the whole amount of principal, premium, if
any, and interest (or, if the Debt Securities of such series are Original Issue Discount Debt Securities, such portion of the principal amount as may be specified in the terms of such series) owing and unpaid in respect of the Debt Securities of
such series, and to file 

  
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such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for reasonable compensation to the Trustee, its agents, attorneys
and counsel, and for reimbursement of all expenses and liabilities incurred, and all advances made, by the Trustee except as a result of its negligence or bad faith) and of the Holders thereof allowed in any such judicial proceedings relative to the
Company, or any other obligor upon the Debt Securities of such series, its creditors or its property, and to collect and receive any money or other property payable or deliverable on any such claims, and to distribute all amounts received with
respect to the claims of such Holders and of the Trustee on their behalf, and any receiver, assignee or trustee in bankruptcy or reorganization is hereby authorized by each of such Holders to make payments to the Trustee, and, in the event that the
Trustee shall consent to the making of payments directly to such Holders, to pay to the Trustee such amount as shall be sufficient to cover reasonable compensation to the Trustee, its agents, attorneys and counsel, and all other reasonable expenses
and liabilities incurred, and all advances made, by the Trustee except as a result of its negligence or bad faith. 
 All rights of action
and of asserting claims under this Indenture, or under any of the Debt Securities of any series, may be enforced by the Trustee without the possession of any such Debt Securities, or the production thereof in any trial or other proceedings relative
thereto, and any such action or proceedings instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment (except for any amounts payable to the Trustee pursuant to Section 7.06) shall
be for the ratable benefit of the Holders of all the Debt Securities in respect of which such action was taken. 
 In case of an Event of
Default hereunder the Trustee may in its discretion proceed to protect and enforce the rights vested in it by this Indenture by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any of such rights,
either at law or in equity or in bankruptcy or otherwise, whether for the specific enforcement of any covenant or agreement contained in this Indenture or in aid of the exercise of any power granted in this Indenture, or to enforce any other legal
or equitable right vested in the Trustee by this Indenture or by law. 
 Section 6.03 Application of Money Collected by Trustee.
Any money or other property collected by the Trustee pursuant to Section 6.02 with respect to Debt Securities of any series shall be applied, in the order following, at the date or dates fixed by the Trustee for the distribution of such money
or other property, upon presentation of the several Debt Securities of such series in respect of which money or other property have been collected, and the notation thereon of the payment, if only partially paid, and upon surrender thereof if fully
paid: 
 FIRST: To the payment of all money due the Trustee pursuant to Section 7.06; 

SECOND: In case the principal of the Outstanding Debt Securities in respect of which such money has been collected shall not have become due,
to the payment of interest on the Debt Securities of such series in the order of the maturity of the installments of such interest, with interest (to the extent that such interest has been collected by the Trustee) upon the overdue installments of
interest at the rate or Yield to Maturity (in the case of Original Issue Discount Debt Securities) borne by the Debt Securities of such series, such payments to be made ratably to the Persons entitled thereto, without discrimination or preference;

  
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 THIRD: In case the principal of the Outstanding Debt Securities in respect of which such money
has been collected shall have become due, by declaration or otherwise, to the payment of the whole amount then owing and unpaid upon the Debt Securities of such series for principal and premium, if any, and interest, with interest on the overdue
principal and premium, if any, and (to the extent that such interest has been collected by the Trustee) upon overdue installments of interest at the rate or Yield to Maturity (in the case of Original Issue Discount Debt Securities) borne by the Debt
Securities of such series; and, in case such money shall be insufficient to pay in full the whole amount so due and unpaid upon the Debt Securities of such series, then to the payment of such principal and premium, if any, and interest, without
preference or priority of principal and premium, if any, over interest, or of interest over principal and premium, if any, or of any installment of interest over any other installment of interest, or of any Debt Security of such series over any Debt
Security of such series, ratably to the aggregate of such principal and premium, if any, and interest; and 
 FOURTH: The remainder, if any,
shall be paid to the Company, its successors or assigns, or to whomsoever may be lawfully entitled to receive the same, or as a court of competent jurisdiction may direct. 

The Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section 6.03. At least 15 days before such
record date, the Company shall mail to each Holder and the Trustee a notice that states the record date, the payment date and amount to be paid. 

Section 6.04 Limitation on Suits by Holders. No Holder of any Debt Security of any series shall have any right by virtue or by
availing of any provision of this Indenture to institute any action or proceeding at law or in equity or in bankruptcy or otherwise, upon or under or with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other
remedy hereunder, unless such Holder previously shall have given to the Trustee written notice of an Event of Default with respect to Debt Securities of that same series and of the continuance thereof and unless the Holders of not less than 25% in
aggregate principal amount of the Outstanding Debt Securities of that series shall have made written request upon the Trustee to institute such action or proceedings in respect of such Event of Default in its own name as Trustee hereunder and shall
have offered to the Trustee such indemnity or security as it may reasonably require against the costs, expenses and liabilities to be incurred therein or thereby, and the Trustee, for 60 days after its receipt of such notice, request and offer of
indemnity or security shall have failed to institute any such action or proceedings and no direction inconsistent with such written request shall have been given to the Trustee pursuant to Section 6.06; it being understood and intended, and
being expressly covenanted by the Holder of every Debt Security with every other Holder and the Trustee, that no one or more Holders shall have any right in any manner whatever by virtue or by availing of any provision of this Indenture to affect,
disturb or prejudice the rights of any Holders, or to obtain or seek to obtain priority over or preference to any other such Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such use by a
Holder affects, disturbs or prejudices the rights of, or obtains priority over or preference to, any other such Holder), or to enforce any right under this Indenture, except in the manner herein provided and for the equal, ratable and common benefit
of all such Holders. For the protection and enforcement of the provisions of this Section 6.04, each and every Holder and the Trustee shall be entitled to such relief as can be given either at law or in equity. 

  
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 Notwithstanding any other provision in this Indenture, however, the right of any Holder of any
Debt Security to receive payment of the principal of, and premium, if any, and (subject to Section 2.12) interest on, such Debt Security, on or after the respective due dates expressed in such Debt Security, and to institute suit for the
enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of such Holder. 

Section 6.05 Remedies Cumulative; Delay or Omission in Exercise of Rights Not a Waiver of Default. All powers and remedies given
by this Article VI to the Trustee or to the Holders shall, to the extent permitted by law, be deemed cumulative and not exclusive of any thereof or of any other powers and remedies available to the Trustee or the Holders, by judicial proceedings or
otherwise, to enforce the performance or observance of the covenants and agreements contained in this Indenture, and no delay or omission of the Trustee or of any Holder to exercise any right or power accruing upon any Default occurring and
continuing as aforesaid, shall impair any such right or power, or shall be construed to be a waiver of any such Default or an acquiescence therein; and, subject to the provisions of Section 6.04, every power and remedy given by this Article VI
or by law to the Trustee or to the Holders may be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by the Holders. 

Section 6.06 Rights of Holders of Majority in Principal Amount of Debt Securities to Direct Trustee and to Waive Default. The
Holders of a majority in aggregate principal amount of the Debt Securities of any series at the time Outstanding 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 right, trust or power conferred on the Trustee, with respect to the Debt Securities of such series; provided, however, that such direction shall not be otherwise than in accordance with law and the provisions of this Indenture, and
that subject to the provisions of Section 7.01, the Trustee shall have the right to decline to follow any such direction if the Trustee being advised by counsel shall determine that the action so directed may not lawfully be taken or is
inconsistent with any provision of this Indenture, or if the Trustee shall by a Responsible Officer or officers determine that the action so directed would involve it in personal liability or would be unduly prejudicial to Holders of Debt Securities
of such series not taking part in such direction; and provided, further, however, that nothing contained in this Indenture shall impair the right of the Trustee to take any action deemed proper by the Trustee and which is not inconsistent with such
direction by such Holders. The Holders of a majority in aggregate principal amount of the Debt Securities of that series at the time Outstanding may on behalf of the Holders of all the Debt Securities of that series waive any past Default or Event
of Default and its consequences for that series, except a Default or Event of Default in the payment of the principal of, and premium, if any, or interest on, any of the Debt Securities and a Default or Event of Default in respect of a provision
that under Section 9.02 cannot be amended without the consent of each Holder affected thereby. In case of any such waiver, such Default shall cease to exist, any Event of Default arising therefrom shall be deemed to have been cured for every
purpose of this Indenture, and the Company, the Trustee and the Holders of the Debt Securities of that series shall be restored to their former positions and rights hereunder, respectively; but no such waiver shall extend to any subsequent or other
Default or Event of Default or impair any right consequent thereon. 

  
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 Section 6.07 Trustee to Give Notice of Defaults Known to It, but May Withhold Such Notice
in Certain Circumstances. The Trustee shall, within 90 days after the occurrence of a Default known to it with respect to a series of Debt Securities, give to the Holders thereof, in the manner provided in Section 13.03, notice of all
Defaults with respect to such series known to the Trustee, unless such Defaults shall have been cured or waived before the giving of such notice; provided, that, except in the case of Default in the payment of the principal of, or premium, if any,
or interest on, any of the Debt Securities of such series or in the making of any sinking fund payment with respect to the Debt 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 or Responsible Officers, of the Trustee in good faith determines that the withholding of such notice is in the interests of the Holders thereof. 

Section 6.08 Requirement of an Undertaking to Pay Costs in Certain Suits under the Indenture or Against the Trustee. All parties
to this Indenture agree, and each Holder of any Debt 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 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 in the manner and to the extent provided in the TIA, and that such court may
in its discretion assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in such suit, 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 6.08 shall not apply to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 25 percent in principal amount of the Outstanding Debt
Securities of that series or to any suit instituted by any Holder for the enforcement of the payment of the principal of, or premium, if any, or interest on, any Debt Security on or after the due date for such payment expressed in such Debt
Security. 
 ARTICLE VII 

CONCERNING THE TRUSTEE 

Section 7.01 Certain Duties and Responsibilities. The Trustee, prior to the occurrence of an Event of Default and after the curing
or waiving of all Events of Default which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against
the Trustee. In case an Event of Default has occurred (which has not been cured or waived), 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 man would exercise or use under the circumstances in the conduct of his own affairs. 
 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, its own bad faith or its own willful misconduct, except that: 

(a) this paragraph shall not be construed to limit the effect of the first paragraph of this Section 7.01; 

  
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 (b) prior to the occurrence of an Event of Default with respect to the Debt Securities of a
series and after the curing or waiving of all Events of Default with respect to such series which may have occurred: 
 (i)
the duties and obligations of the Trustee with respect to Debt Securities of any series shall be determined solely by the express provisions of this Indenture, and the Trustee shall not be liable except for the performance of such duties and
obligations with respect to such series as are specifically set forth in this Indenture, and no implied covenants or obligations with respect to such series shall be read into this Indenture against the Trustee; 

(ii) in the absence of bad faith on the part of the Trustee, the Trustee may conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates or opinions which by any
provision 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); 
 (iii) the Trustee shall not be liable for an 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 

(iv) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it with respect to Debt
Securities of any series in good faith in accordance with the direction of the Holders of not less than a majority in aggregate principal amount of the Outstanding Debt Securities of that 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 Debt Securities of such series. 

None of the provisions of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any personal financial
liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if there shall be reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is
not reasonably assured to it. 
 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. 
 Section 7.02
Certain Rights of Trustee. Except as otherwise provided in Section 7.01: 
 (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) believed by it to be genuine and to have been signed or presented by the proper party or parties; 

  
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 (b) any request, direction, order or demand of the Company mentioned herein shall be sufficiently
evidenced by a Company Order or Company Request (unless other evidence in respect thereof be herein specifically prescribed); and any resolution of the Board of Directors may be evidenced to the Trustee by a copy thereof certified by the Secretary
or an Assistant Secretary of the Company; 
 (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, conclusively rely upon an Officers’
Certificate 
 (d) the Trustee may consult with counsel, 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 or suffered or omitted by it hereunder in good faith and in accordance with such advice or Opinion of Counsel; 

(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, order or
direction of any of the Holders of Debt Securities of any series pursuant to the provisions of this Indenture, unless such Holders shall have offered to the Trustee security or indemnity reasonably satisfactory to the Trustee against the costs,
expenses and liabilities which may be incurred therein or thereby; 
 (f) the Trustee shall not be liable for any action taken or omitted 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; 

(g) 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, other evidence of indebtedness or other paper or document, 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 Company, personally or by agent or attorney at the sole
cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation; 
 (h) 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 by it with due care hereunder; 
 (i) 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; 

  
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 (j) the Trustee shall not be deemed to have notice of any Default or Event of Default unless a
Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the corporate trust office of the Trustee referred to in Section 13.03, and such
notice references the Debt Securities of a series and this Indenture; 
 (k) the rights, privileges, protections, immunities and benefits
given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder;

 (l) the Trustee shall not be required to give any bond or surety in respect of the performance of its powers and duties hereunder; and

 (m) if any property other than cash shall at any time be subject to a Lien in favor of the Holders, the Trustee, if and to the extent
authorized by a receivership or bankruptcy court of competent jurisdiction or by the supplemental instrument subjecting such property to such Lien, shall be entitled to make advances for the purpose of preserving such property or of discharging tax
Liens or other prior Liens or encumbrances thereon. 
 Section 7.03 Trustee Not Liable for Recitals in Indenture or in Debt
Securities. The recitals contained herein, in the Debt Securities (except the Trustee’s certificate of authentication) shall be taken as the statements of the Company, and the Trustee assumes no responsibility for the correctness of the
same. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Debt Securities of any series, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate
the Debt Securities and perform its obligations hereunder, and that the statements made by it or to be made by it in a Statement of Eligibility and Qualification on Form T-1 supplied to the Company are true and accurate. The Trustee shall not be
accountable for the use or application by the Company of any of the Debt Securities or of the proceeds thereof. 
 Section 7.04
Trustee, Paying Agent or Registrar May Own Debt Securities. The Trustee or any paying agent or Registrar, in its individual or any other capacity, may become the owner or pledgee of Debt Securities and subject to the provisions of the TIA
relating to conflicts of interest and preferential claims may otherwise deal with the Company with the same rights it would have if it were not Trustee, paying agent or Registrar. 

Section 7.05 Money Received by Trustee to Be Held in Trust. Subject to the provisions of Section 11.05, all money received by the
Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which it was received, but need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for
interest on any money received by it hereunder. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such money shall be paid from time to time to the Company upon a Company Order. 

  
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 Section 7.06 Compensation and Reimbursement. The Company covenants and agrees to pay
in Dollars to the Trustee from time to time, and the Trustee shall be entitled to, such compensation as the Company and the Trustee shall from time to time agree in writing for all services rendered by it hereunder (which shall not be limited by any
provision of law in regard to the compensation of a trustee of an express trust), including, without limitation, paying agent and Registrar, and, except as otherwise expressly provided herein, the Company will pay or reimburse in Dollars the Trustee
upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any of the provisions of this Indenture (including the reasonable compensation and the expenses and disbursements of its
agents, attorneys and counsel and of all Persons not regularly in its employ), including without limitation, Section 6.02, except any such expense, disbursement or advances as may arise from its negligence, willful misconduct or bad faith. The
Company also covenants to indemnify and defend the Trustee for, and to hold it harmless against, any loss, liability or expense incurred without negligence, willful misconduct or bad faith on the part of the Trustee, arising out of or in connection
with the acceptance or administration of this trust or trusts hereunder, including the reasonable costs and expenses of defending itself against any claim of liability in connection with the exercise or performance of any of its powers or duties
hereunder. The obligations of the Company under this Section 7.06 to compensate and indemnify the Trustee and to pay or reimburse the Trustee for expenses, disbursements and advances shall constitute additional Debt hereunder and shall survive
the satisfaction and discharge of this Indenture. The Company and the Holders agree that such additional Debt shall be secured by a Lien prior to that of the Debt Securities upon all property and funds held or collected by the Trustee, as such,
except funds held in trust for the payment of principal of, and premium, if any, or interest on, particular Debt Securities. 
 When the
Trustee incurs expenses or renders services after an Event of Default specified in Section 6.01(e) or (f) occurs, the expenses and the compensation for the services are intended to constitute expenses of administration under any Bankruptcy
Law. 
 Section 7.07 Right of Trustee to Rely on an Officers’ Certificate Where No Other Evidence Specifically Prescribed.
Except as otherwise provided in Section 7.01, whenever in the administration of the provisions of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or suffering or omitting
any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of negligence or bad faith on the part of the Trustee, be deemed to be conclusively proved and established by an
Officers’ Certificate delivered to the Trustee and such certificate, in the absence of negligence or bad faith on the part of the Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted by it under the provisions
of this Indenture upon the faith thereof. 
 Section 7.08 Separate Trustee; Replacement of Trustee. The Company may, but need
not, appoint a separate Trustee for any one or more series of Debt Securities. The Trustee may resign with respect to one or more or all series of Debt Securities at any time by giving notice to the Company. The Holders of a majority in principal
amount of the Debt Securities of a particular series may remove the Trustee for such series and only such series by so notifying the Trustee and may appoint a successor Trustee. The Company may at any time remove the Trustee with respect to the Debt
Securities of any particular series by giving the Trustee written notice of removal and thereupon appoint a successor trustee, provided that (i) no Default exists at time of such removal, (ii) such Trustee was not appointed by the Holders
of such series pursuant to this Section 7.8 and (iii) the corporate trust business of the successor Trustee is of nationally recognized standing. The Company shall remove the Trustee if: 

 

	 	(a)	the Trustee fails to comply with Section 7.10; 

  
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	 	(b)	the Trustee is adjudged bankrupt or insolvent; 

  

	 	(c)	a Custodian takes charge of the Trustee or its property; or 

  

	 	(d)	the Trustee otherwise becomes incapable of acting. 

 If the Trustee resigns, is removed by the
Company or by the Holders of a majority in principal amount of the Debt Securities of a particular series and such Holders do not reasonably promptly appoint a successor Trustee, or if a vacancy exists in the office of Trustee for any reason (the
Trustee in such event being referred to herein as the retiring Trustee), the Company shall promptly appoint a successor Trustee. No resignation or removal of the Trustee and no appointment of a successor Trustee shall become effective until the
acceptance of appointment by the successor Trustee in accordance with the applicable requirements of this Section 7.08. 
 A successor
Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Thereupon the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights,
powers and duties of the Trustee under this Indenture. The successor Trustee shall mail a notice of its succession to Holders of Debt Securities of each applicable series. The retiring Trustee shall promptly transfer all property held by it as
Trustee to the successor Trustee, subject to the Lien provided for in Section 7.06. 
 If a successor Trustee does not take office
within 30 days after the retiring Trustee gives notice of resignation or is removed, the retiring Trustee, at the expense of the Company, or the Holders of 25% in principal amount of the Debt Securities of any applicable series may petition any
court of competent jurisdiction for the appointment of a successor Trustee for the Debt Securities of such series. 
 If the Trustee fails
to comply with Section 7.10, any Holder of Debt Securities of any applicable series may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee for the Debt Securities of such
series. 
 Notwithstanding the replacement of the Trustee pursuant to this Section 7.08, the Company’s obligations under
Section 7.06 shall continue for the benefit of the retiring Trustee. 
 In the case of the appointment hereunder of a separate or
successor Trustee with respect to the Debt Securities of one or more series, the Company, any retiring Trustee and each successor or separate Trustee with respect to the Debt Securities of any applicable series shall execute and deliver an Indenture
supplemental hereto (i) which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of any retiring Trustee with respect to the Debt Securities of any series as to
which any such retiring Trustee is not retiring shall continue to be vested in such retiring Trustee and (ii) that shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate

  
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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 and that each such separate, retiring or successor 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. 

Section 7.09 Successor Trustee by Merger. If the Trustee consolidates with, merges or converts into, or transfers all or
substantially all its corporate trust business or assets to, another corporation or banking association, the resulting, surviving or transferee corporation or banking association without any further act shall be the successor Trustee. 

In case at the time such successor or successors to the Trustee by merger, conversion or consolidation shall succeed to the trusts created by
this Indenture any of the Debt Securities shall have been authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor Trustee, and deliver such Debt Securities so authenticated;
and in case at that time any of the Debt Securities shall not have been authenticated, any successor to the Trustee may authenticate such Debt Securities either in the name of any predecessor hereunder or in the name of the successor to the Trustee;
and in all such cases such certificates shall have the full force which it is anywhere in the Debt Securities or in this Indenture provided that the certificate of the Trustee shall have. 

Section 7.10 Eligibility; Disqualification. The Trustee shall at all times satisfy the requirements of Section 310(a) of the
TIA. The Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition. No obligor upon the Debt Securities of a particular series or Person directly or indirectly
controlling, controlled by or under common control with such obligor shall serve as Trustee for the Debt Securities of such series. The Trustee shall comply with Section 310(b) of the TIA; provided, however, that there shall be excluded from
the operation of Section 310(b)(1) of the TIA this Indenture or any indenture or indentures under which other securities or certificates of interest or participation in other securities of the Company are outstanding if the requirements for
such exclusion set forth in Section 310(b)(1) of the TIA are met. 
 Section 7.11 Preferential Collection of Claims Against
Company. The Trustee shall comply with Section 311(a) of the TIA, excluding any creditor relationship listed in Section 311(b) of the TIA. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the TIA to
the extent indicated therein. 
 Section 7.12. Compliance with Tax Laws. The Trustee hereby agrees to comply with all U.S. Federal income
tax information reporting and withholding requirements applicable to it with respect to payments of premium (if any) and interest on the Debt Securities, whether acting as Trustee, Registrar, paying agent or otherwise with respect to the Debt
Securities. 

  
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 ARTICLE VIII 

CONCERNING THE HOLDERS 

Section 8.01 Evidence of Action by Holders. Whenever in this Indenture it is provided that the Holders of a specified percentage
in aggregate principal amount of the Debt Securities of any or all series may take action (including the making of any demand or request, the giving of any direction, notice, consent or waiver or the taking of any other action) the fact that at the
time of taking any such action the Holders of such specified percentage have joined therein may be evidenced (a) by any instrument or any number of instruments of similar tenor executed by Holders in Person or by agent or proxy appointed in
writing, (b) by the record of the Holders voting in favor thereof at any meeting of Holders duly called and held in accordance with the provisions of this Indenture, (c) by a combination of such instrument or instruments and any such
record of such a meeting of Holders or (d) in the case of Debt Securities evidenced by a Global Security, by any electronic transmission or other message, whether or not in written format, that complies with the Depositary’s applicable
procedures. 
 Section 8.02 Proof of Execution of Instruments and of Holding of Debt Securities. Subject to the provisions of
Sections 7.01, 7.02 and 13.09, proof of the execution of any instrument by a Holder or his agent or proxy shall be sufficient if made in accordance with such reasonable rules and regulations as may be prescribed by the Trustee or in such manner as
shall be satisfactory to the Trustee. The ownership of Debt Securities of any series shall be proved by the Debt Security Register or by a certificate of the Registrar for such series. The Trustee may require such additional proof of any matter
referred to in this Section 8.02 as it shall deem necessary. 
 Section 8.03 Who May Be Deemed Owner of Debt Securities.
Prior to due presentment for registration of transfer of any Debt Security, the Company, the Trustee, any paying agent and any Registrar may deem and treat the Person in whose name any Debt Security shall be registered upon the books of the Company
as the absolute owner of such Debt Security (whether or not such Debt Security shall be overdue and notwithstanding any notation of ownership or other writing thereon) for the purpose of receiving payment of or on account of the principal of and
premium, if any, and (subject to Section 2.12) interest on such Debt Security and for all other purposes, and neither the Company nor the Trustee nor any paying agent nor any Registrar shall be affected by any notice to the contrary; and all
such payments so made to any such Holder for the time being, or upon his order, shall be valid and, to the extent of the sum or sums so paid, effectual to satisfy and discharge the liability for money payable upon any such Debt Security. 

None of the Company, the Trustee or any agent of the Trustee, any paying agent or any Registrar will have any responsibility or liability for
any aspect of the records relating to or payments made on account of beneficial ownership interests in a Global Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests, or for any action
taken or any failure to act by a Depositary with respect to any Debt Securities including, without limitation, any failure of the owner of a beneficial interest in such Debt Securities to receive any payments or notices provided hereunder or for the
selection of beneficial interests in such Debt Securities to be redeemed. 
 Section 8.04 Instruments Executed by Holders Bind
Future Holders. At any time prior to (but not after) the evidencing to the Trustee, as provided in Section 8.01, of the taking of any action by the Holders of the percentage in aggregate principal amount of the Debt Securities of any series
specified in this Indenture in connection with such action and subject to the following paragraph, any Holder of a Debt Security which is shown by the evidence to be included in the 

  
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Debt Securities the Holders of which have consented to such action may, by filing written notice with the Trustee at its corporate trust office and upon proof of holding as provided in
Section 8.02, revoke such action so far as concerns such Debt Security. Except as aforesaid any such action taken by the Holder of any Debt Security shall be conclusive and binding upon such Holder and upon all future Holders and owners of such
Debt Security and of any Debt Security issued upon transfer thereof or in exchange or substitution therefor, irrespective of whether or not any notation in regard thereto is made upon such Debt Security or such other Debt Securities. Any action
taken by the Holders of the percentage in aggregate principal amount of the Debt Securities of any series specified in this Indenture in connection with such action shall be conclusively binding upon the Company, the Trustee and the Holders of all
the Debt Securities of such series. 
 The Company may, but shall not be obligated to, fix a record date for the purpose of determining the
Holders of Debt Securities entitled to give their consent or take any other action required or permitted to be taken pursuant to this Indenture. If a record date is fixed, then notwithstanding the immediately preceding paragraph, those Persons who
were Holders of Debt Securities at such record date (or their duly designated proxies), and only those Persons, shall be entitled to give such consent or to revoke any consent previously given or to take any such action, whether or not such Persons
continue to be Holders of Debt Securities after such record date. No such consent shall be valid or effective for more than 120 days after such record date unless the consent of the Holders of the percentage in aggregate principal amount of the Debt
Securities of such series specified in this Indenture shall have been received within such 120-day period. 
 ARTICLE IX 

SUPPLEMENTAL INDENTURES 

Section 9.01 Purposes for Which Supplemental Indenture May Be Entered into Without Consent of Holders. The Company and the Trustee
may from time to time and at any time, without the consent of Holders, enter into an Indenture or Indentures supplemental hereto (which shall conform to the provisions of the TIA as in force at the date of the execution thereof) for one or more of
the following purposes: 
 (a) to evidence the succession pursuant to Article X of another Person to the Company, or successive successions,
and the assumption by the Successor Person (as defined in Section 10.01) of the covenants, agreements and obligations of the Company in this Indenture and in the Debt Securities; 

(b) to surrender any right or power herein conferred upon the Company, to add to the covenants of the Company such further covenants,
restrictions, conditions or provisions for the protection of the Holders of all or any series of Debt Securities (and if such covenants are to be for the benefit of less than all series of Debt Securities, stating that such covenants are expressly
being included solely for the benefit of such series) as the Board of Directors shall consider to be for the protection of the Holders of such Debt Securities, and to make the occurrence, or the occurrence and continuance, of a Default in any of
such additional covenants, restrictions, conditions or provisions a Default or an Event of Default permitting the enforcement of all or any of the several remedies provided in this Indenture; provided, that in

  
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respect of any such additional covenant, restriction, condition or provision such supplemental Indenture may provide for a particular period of grace after Default (which period may be shorter or
longer than that allowed in the case of other Defaults) or may provide for an immediate enforcement upon such Default or may limit the remedies available to the Trustee upon such Default or may limit the right of the Holders of a majority in
aggregate principal amount of any or all series of Debt Securities to waive such default; 
 (c) to cure any ambiguity or omission or to
correct or supplement any provision contained herein, in any supplemental Indenture or in any Debt Securities of any series that may be defective or inconsistent with any other provision contained herein, in any supplemental Indenture or in the Debt
Securities of such series; 
 (d) to permit the qualification of this Indenture or any Indenture supplemental hereto under the TIA as then in
effect, except that nothing herein contained shall permit or authorize the inclusion in any Indenture supplemental hereto of the provisions referred to in Section 316(a)(2) of the TIA; 

(e) [intentionally omitted]; 
 (f)
to secure any or all of the Debt Securities; 
 (g) to make any change that does not adversely affect the rights of any Holder; 

(h) to add to, change or eliminate any of the provisions of this Indenture in respect of one or more series of Debt Securities; provided,
however, that any such addition, change or elimination not otherwise permitted under this Section 9.01 shall neither apply to any Debt Security of any series created prior to the execution of such supplemental Indenture and entitled to the
benefit of such provision nor modify the rights of the Holder of any such Debt Security with respect to such provision or shall become effective only when there is no such Debt Security Outstanding; 

(i) to evidence and provide for the acceptance of appointment hereunder by a successor or separate Trustee with respect to the Debt 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; and 

(j) to establish the form or terms of Debt Securities of any series as permitted by Sections 2.01 and 2.03. 

The Trustee is hereby authorized to join with the Company in the execution of any such supplemental Indenture, to make any further appropriate
agreements and stipulations which may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any property thereunder, but the Trustee shall not be obligated to enter into any such supplemental Indenture which
affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 

  
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 Any supplemental Indenture authorized by the provisions of this Section 9.01 may be executed
by the Company and the Trustee without the consent of the Holders of any of the Debt Securities at the time Outstanding, notwithstanding any of the provisions of Section 9.02. 

Section 9.02 Modification of Indenture with Consent of Holders of Debt Securities. Without notice to any Holder but with the
consent (evidenced as provided in Section 8.01) of the Holders of a majority in aggregate principal amount of the Outstanding Debt Securities of each series affected by such supplemental Indenture (including consents obtained in connection with
a tender offer or exchange offer for any such series of Debt Securities), the Company, when authorized by resolutions of the Board of Directors, and the Trustee may from time to time and at any time enter into an Indenture or Indentures supplemental
hereto (which shall conform to the provisions of the TIA as in force at the date of execution thereof) for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of any
supplemental Indenture or of modifying in any manner the rights of the Holders of the Debt Securities of such series; provided, that no such supplemental Indenture, without the consent of the Holders of each Debt Security so affected, shall: 

(a) reduce the percentage in principal amount of Debt Securities of any series whose Holders must consent to an amendment; 

(b) reduce the rate of or extend the time for payment of interest on any Debt Security; 

(c) reduce the principal of or extend the Stated Maturity of any Debt Security; 

(d) reduce the premium payable upon the redemption of any Debt Security or change the time at which any Debt Security may or shall be redeemed
in accordance with Article III; 
 (e) make any Debt Security payable in a currency other than that stated in such Debt Security; 

(f) impair the right of any Holder to receive payment of premium, if any, principal of and interest on such Holder’s Debt Securities on or
after the due dates therefor or to institute suit for the enforcement of any payment on or with respect to such Holder’s Debt Securities; 

(g) release any security that may have been granted in respect of the Debt Securities; or 

(h) make any change in Section 6.06 or this Section 9.02. 

A supplemental Indenture which changes or eliminates any covenant or other provision of this Indenture which has been expressly included
solely for the benefit of one or more particular series of Debt Securities or which modifies the rights of the Holders of Debt 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 Debt Securities of any other series. 

  
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 Upon the request of the Company, accompanied by a copy of resolutions of the Board of Directors
authorizing the execution of any such supplemental Indenture, and upon the filing with the Trustee of evidence of the consent of Holders as aforesaid, the Trustee shall join with the Company in the execution of such supplemental Indenture unless
such supplemental Indenture affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion but shall not be obligated to enter into such supplemental Indenture. 

It shall not be necessary for the consent of the Holders under this Section 9.02 to approve the particular form of any proposed
supplemental Indenture, but it shall be sufficient if such consent shall approve the substance thereof. 
 After an amendment under this
Section 9.02 becomes effective, the Company shall mail to Holders of Debt Securities of each series affected thereby a notice briefly describing such amendment. The failure to give such notice to all such Holders, or any defect therein, shall
not impair or affect the validity of an amendment under this Section 9.02. 
 Section 9.03 Effect of Supplemental
Indentures. Upon the execution of any supplemental Indenture pursuant to the provisions of this Article IX, this Indenture shall be and be deemed to be modified and amended in accordance therewith and the respective rights, limitations of
rights, obligations, duties and immunities under this Indenture of the Trustee, the Company and the Holders shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the
terms and conditions of any such supplemental Indenture shall be and be deemed to be part of the terms and conditions of this Indenture for any and all purposes. 

The Trustee, subject to the provisions of Sections 7.01 and 7.02, may receive an Officers’ Certificate and an Opinion of Counsel as
conclusive evidence that any such supplemental Indenture complies with the provisions of this Article IX. 
 Section 9.04 Debt Securities
May Bear Notation of Changes by Supplemental Indentures. Debt Securities of any series authenticated and delivered after the execution of any supplemental Indenture pursuant to the provisions of this Article IX 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. New Debt Securities of any series so modified as to conform, in the opinion of the Trustee and the Board of Directors, to any
modification of this Indenture contained in any such supplemental Indenture may be prepared and executed by the Company, authenticated by the Trustee and delivered in exchange for the Debt Securities of such series then Outstanding. Failure to make
the appropriate notation or to issue a new Debt Security of such series shall not affect the validity of such amendment. 

  
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 ARTICLE X 

CONSOLIDATION, MERGER, SALE OR CONVEYANCE 

Section 10.01 Consolidations and Mergers of the Company. The Company shall not consolidate or amalgamate with or merge with or
into any Person, or sell, convey, transfer, lease or otherwise dispose of all or substantially all its assets to any Person, whether in a single transaction or a series of related transactions, except (1) in accordance with the provisions of
its bylaws, and (2) unless: (a) either (i) the Company shall be the surviving Person in the case of a merger or (ii) the resulting, surviving or transferee Person if other than the Company (the “Successor Person”),
shall be a partnership, limited liability company or corporation organized and existing under the laws of the United States, any State thereof or the District of Columbia and the Successor Person shall expressly assume, by an Indenture supplemental
hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, all the obligations of the Company under this Indenture and the Debt Securities according to their tenor; (b) immediately after giving effect to such
transaction or series of transactions (and treating any Debt which becomes an obligation of the Successor Person or any Subsidiary of the Successor Person as a result of such transaction or series of transactions as having been incurred by the
Successor Person or such Subsidiary at the time of such transaction or series of transactions), no Default or Event of Default would occur or be continuing; and (c) the Company shall have delivered to the Trustee an Officers’ Certificate
and an Opinion of Counsel, each stating that such consolidation, amalgamation, merger, sale or disposition and such supplemental Indenture (if any) comply with this Indenture. 

Section 10.02 Rights and Duties of Successor Person. In case of any consolidation, amalgamation or merger where the Company is not
the continuing Person, or disposition of all or substantially all of the assets of the Company in accordance with Section 10.01, the Successor Person shall succeed to and be substituted for the Company with the same effect as if it had been
named herein as the respective party to this Indenture, and the predecessor entity shall be released from all liabilities and obligations under this Indenture and the Debt Securities, except that no such release will occur in the case of a lease of
all or substantially all of the assets of the Company. The Successor Person thereupon may cause to be signed, and may issue either in its own name or in the name of the Company, any or all the Debt Securities issuable hereunder which theretofore
shall not have been signed by the Company and delivered to the Trustee; and, upon the order of the Successor Person, instead of the Company, and subject to all the terms, conditions and limitations in this Indenture prescribed, the Trustee shall
authenticate and shall deliver any Debt Securities which previously shall have been signed and delivered by the officers of the Company to the Trustee for authentication, and any Debt Securities which the Successor Person thereafter shall cause to
be signed and delivered to the Trustee for that purpose. All the Debt Securities so issued shall in all respects have the same legal rank and benefit under this Indenture as the Debt Securities theretofore or thereafter issued in accordance with the
terms of this Indenture as though all such Debt Securities had been issued at the date of the execution hereof. 
 In case of any such
consolidation, amalgamation, merger, sale or other disposition such changes in phraseology and form (but not in substance) may be made in the Debt Securities thereafter to be issued as may be appropriate. 

ARTICLE XI 
 SATISFACTION
AND DISCHARGE OF 
 INDENTURE; DEFEASANCE; UNCLAIMED MONEY 

Section 11.01 Applicability of Article. The provisions of this Article XI relating to either the satisfaction and discharge or the
defeasance of Debt Securities shall be applicable to each series of Debt Securities except as otherwise specified pursuant to Section 2.03 for Debt Securities of such series. 

  
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 Section 11.02 Satisfaction and Discharge of Indenture; Defeasance. 

(a) (i) If at any time the Company shall have delivered to the Trustee for cancellation all Debt Securities of any series theretofore
authenticated and delivered (other than any Debt Securities of such series which shall have been destroyed, lost or stolen and which shall have been replaced or paid as provided in Section 2.09 and Debt Securities for whose payment money has
theretofore been deposited in trust and thereafter repaid to the Company as provided in Section 11.05) or (ii) all Debt Securities of such series not theretofore delivered to the Trustee for cancellation shall have become due and payable,
or are by their terms to become due and payable within one year or are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption, and (1) the Company shall irrevocably
deposit with the Trustee as trust funds money, U.S. Government Obligations or a combination thereof sufficient to pay at Stated Maturity or upon redemption all Debt Securities of such series not theretofore delivered to the Trustee for cancellation,
including principal and premium, if any, and interest due or to become due on such date of Stated Maturity or Redemption Date, as the case may be, and (2) the Company shall deliver to the Trustee a certificate to the effect described in
Section 11.03(b) hereof, and if in the case described in either of the preceding clauses (i) and (ii) the Company shall also pay or cause to be paid all other sums then due and payable hereunder by the Company with respect to the Debt
Securities of such series, then this Indenture shall cease to be of further effect with respect to the Debt Securities of such series, and the Trustee, on demand of the Company accompanied by an Officers’ Certificate and an Opinion of Counsel
and at the cost and expense of the Company, shall execute proper instruments acknowledging satisfaction of and discharging this Indenture with respect to the Debt Securities of such series. 

(b) Subject to Sections 11.02(c), 11.03 and 11.07, the Company at any time may terminate, with respect to Debt Securities of a particular
series, all its obligations under the Debt Securities of such series and this Indenture with respect to the Debt Securities of such series (“legal defeasance option”) or the operation of (i) any covenant made applicable to such Debt
Securities pursuant to Section 2.03 and (ii) Sections 6.01(d) and (g) (except to the extent covenants or agreements referenced in Section 6.01(d) remain applicable) (“covenant defeasance option”). The Company may
exercise its legal defeasance option notwithstanding its prior exercise of its covenant defeasance option. 
 If the Company exercises its
legal defeasance option, payment of the Debt Securities of the defeased series may not be accelerated because of an Event of Default. If the Company exercises its covenant defeasance option, payment of the Debt Securities of the defeased series may
not be accelerated because of an Event of Default specified in Sections 6.01(d) and (g) (except to the extent covenants or agreements referenced in Section 6.01(d) remain applicable). 

Upon satisfaction of the conditions set forth herein and upon request of the Company, the Trustee shall acknowledge in writing the discharge
of those obligations that the Company terminates. 

  
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 (c) Notwithstanding clauses (a) and (b) above, the Company’s obligations in
Sections 2.07, 2.09, 4.02, 4.04, 4.05(a), 4.06(a), 5.01, 7.06, 11.05, 11.06 and 11.07 shall survive until the Debt Securities of the defeased series have been paid in full. Thereafter, the Company’s obligations in Sections 7.06, 11.05 and 11.06
shall survive. 
 Section 11.03 Conditions of Defeasance. The Company may exercise its legal defeasance option or its covenant
defeasance option with respect to Debt Securities of a particular series only if: 
 (a) the Company irrevocably deposits in trust with the
Trustee money, U.S. Government Obligations or a combination thereof for the payment of principal of, and premium, if any, and interest on, the Debt Securities of such series to Stated Maturity or redemption, as the case may be; 

(b) the Company delivers to the Trustee a certificate from a nationally recognized firm of independent accountants expressing their opinion
that the payments of principal and interest when due and without reinvestment on the deposited U.S. Government Obligations plus any deposited money without investment will provide cash at such times and in such amounts as will be sufficient to pay
the principal, premium, if any, and interest when due on all the Debt Securities of such series to Stated Maturity or redemption, as the case may be; 

(c) 91 days pass after the deposit is made and during the 91-day period no Default specified in Section 6.01(e) or (f) occurs which
is continuing at the end of the period; 
 (d) no Default has occurred and is continuing on the date of such deposit and after giving effect
thereto; 
 (e) the deposit does not constitute a default under any other agreement binding on the Company; 

(f) the Company delivers to the Trustee an Opinion of Counsel to the effect that the trust resulting from the deposit does not constitute, or
is qualified as, a regulated investment company under the Investment Company Act of 1940; 
 (g) in the event of the legal defeasance option,
the Company shall have delivered to the Trustee an Opinion of Counsel stating that the Company has received from the Internal Revenue Service a ruling, or since the date of this Indenture there has been a change in the applicable federal income tax
law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of Debt Securities of such series will not recognize income, gain or loss for federal income tax purposes as a result of such
defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such defeasance had not occurred; 

(h) in the event of the covenant defeasance option, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that
the Holders of Debt Securities of such series will not recognize income, gain or loss for federal income tax purposes as a result of such covenant defeasance and will be subject to 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; and 

  
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 (i) the Company delivers to the Trustee an Officers’ Certificate and an Opinion of Counsel,
each stating that all conditions precedent to the defeasance and discharge of the Debt Securities of such series as contemplated by this Article XI have been complied with. 

Before or after a deposit, the Company may make arrangements satisfactory to the Trustee for the redemption of Debt Securities of such series
at a future date in accordance with Article III. 
 Section 11.04 Application of Trust Money. The Trustee shall hold in trust
money or U.S. Government Obligations deposited with it pursuant to this Article XI. It shall apply the deposited money and the money from U.S. Government Obligations through any paying agent and in accordance with this Indenture to the payment of
principal of, and premium, if any, and interest on, the Debt Securities of the defeased series. 
 Section 11.05 Repayment to
Company. The Trustee and any paying agent shall promptly turn over to the Company upon request any excess money or securities held by them at any time. 

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

Section 11.06 Indemnity for U.S. Government Obligations. The Company shall pay and shall indemnify the Trustee and the Holders
against any tax, fee or other charge imposed on or assessed against deposited U.S. Government Obligations or the principal and interest received on such U.S. Government Obligations. 

Section 11.07 Reinstatement. If the Trustee or any paying agent is unable to apply any money or U.S. Government Obligations in
accordance with this Article XI by reason of any legal proceeding or by reason of any order or judgment of any court or government authority enjoining, restraining or otherwise prohibiting such application, the Company’s obligations under this
Indenture and the Debt Securities of the defeased series shall be revived and reinstated as though no deposit had occurred pursuant to this Article XI until such time as the Trustee or any paying agent is permitted to apply all such money or U.S.
Government Obligations in accordance with this Article XI. 
 ARTICLE XII 

[RESERVED] 
 This Article
XII has been intentionally omitted. 

  
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 ARTICLE XIII 

MISCELLANEOUS PROVISIONS 

Section 13.01 Successors and Assigns of Company Bound by Indenture. All the covenants, stipulations, promises and agreements in
this Indenture contained by or in behalf of the Company or the Trustee shall bind their respective successors and assigns, whether so expressed or not. 

Section 13.02 Acts of Board, Committee or Officer of Successor Person Valid. Any act or proceeding authorized or required by any
provision of this Indenture to be done or performed by any board, committee or officer of the Company shall and may be done and performed with like force and effect by the like board, committee or officer of any Successor Person. 

Section 13.03 Required Notices or Demands. Any notice or communication by the Company or the Trustee to the other is duly given if
in writing (in the English language) and delivered in Person or mailed by registered or certified mail (return receipt requested), telecopier or overnight air courier guaranteeing next day delivery, to the other’s address: 

If to the Company: 
 Carriage
Services, Inc. 
 3040 Post Oak Blvd., Suite 300 

Houston, Texas 77056 
 Attention:
[            ] 
 Telecopy No. (713) 332-8400 

If to the Trustee: 
 The Company
or the Trustee by notice to the others may designate additional or different addresses for subsequent notices or communications. 
 All
notices and communications shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; on the first Business Day on or after being
sent, if telecopied and the sender receives confirmation of successful transmission; and the next Business Day after timely delivery to the courier, if sent by overnight air courier guaranteeing next day delivery. 

Any notice required or permitted to a Holder by the Company or the Trustee pursuant to the provisions of this Indenture shall be deemed to be
properly mailed by being deposited postage prepaid in a post office letter box in the United States addressed to such Holder at the address of such Holder as shown on the Debt Security Register. Any report pursuant to Section 313 of the TIA
shall be transmitted in compliance with subsection (c) therein. 

  
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 Notwithstanding the foregoing, any notice to Holders of Floating Rate Debt Securities regarding
the determination of a periodic rate of interest, if such notice is required pursuant to Section 2.03, shall be sufficiently given if given in the manner specified pursuant to Section 2.03. 

In the event of suspension of regular mail service or by reason of any other cause it shall be impracticable to give notice by mail, then such
notification as shall be given with the approval of the Trustee shall constitute sufficient notice for every purpose hereunder. 
 In the
event it shall be impracticable to give notice by publication, then such notification as shall be given with the approval of the Trustee shall constitute sufficient notice for every purpose hereunder. 

Failure to mail a notice or communication to a Holder or any defect in it or any defect in any notice by publication as to a Holder shall not
affect the sufficiency of such notice with respect to other Holders. If a notice or communication is mailed or published in the manner provided above, it is conclusively presumed duly given. 

Section 13.04 Indenture and Debt Securities to Be Construed in Accordance with the Laws of the State of New York. THIS INDENTURE
AND EACH DEBT SECURITY SHALL BE DEEMED TO BE NEW YORK CONTRACTS, AND FOR ALL PURPOSES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF SAID STATE. 

Section 13.05 Officers’ Certificate and Opinion of Counsel to Be Furnished upon Application or Demand by the Company. Upon
any application or demand by the Company to the Trustee to take any action under any of the provisions of this Indenture, the Company shall furnish to the Trustee an Officers’ Certificate stating that all covenants and conditions precedent
provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that, in the opinion of such counsel, all such covenants and conditions precedent have been complied with, except that in the
case of any such application or demand as to which the furnishing of such document is specifically required by any provision of this Indenture relating to such particular application or demand, no additional certificate or opinion need be furnished.

 Each certificate or opinion provided for in this Indenture and delivered to the Trustee with respect to compliance with a condition or
covenant provided for in this Indenture shall include (a) a statement that the Person making such certificate or opinion has read such covenant or condition, (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 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 and (d) a statement as to whether or not, in the opinion of such Person, such condition or covenant has been complied with. 

  
 52 

 Section 13.06 Payments Due on Legal Holidays. In any case where the date of maturity
of interest on or principal of and premium, if any, on the Debt Securities of a series shall not be a Business Day at any Place of Payment for the Debt Securities of such series, then payment of interest or principal and premium, if any, need not be
made on such date at such Place of Payment, but may be made on the next succeeding Business Day at such Place of 
 Payment with the same
force and effect as if made on the date of maturity, and no interest shall accrue for the period after such date. If a record date is not a Business Day, the record date shall not be affected. 

Section 13.07 Provisions Required by TIA to Control. If and to the extent that any provision of this Indenture limits, qualifies
or conflicts with another provision included in this Indenture which is required to be included in this Indenture by any of Sections 310 to 318, inclusive, of the TIA, such required provision shall control. 

Section 13.08 Computation of Interest on Debt Securities. Interest, if any, on the Debt Securities shall be computed on the basis
of a 360-day year of twelve 30-day months, except as may otherwise be provided pursuant to Section 2.03. 
 Section 13.09 Rules
by Trustee, Paying Agent and Registrar. The Trustee may make reasonable rules for action by or a meeting of Holders. The Registrar and any paying agent may make reasonable rules for their functions. 

Section 13.10 No Recourse Against Others. The directors, officers, employees, incorporators and members of the Company, as such,
shall have no liability for any obligations of the Company under the Debt Securities or this Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. By accepting a Debt Security, each Holder shall
waive and release all such liability. The waiver and release shall be part of the consideration for the issue of the Debt Securities. 

Section 13.11 Severability. In case any provision in this Indenture or the Debt Securities shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 13.12 Effect of Headings. The article and section headings herein and in the Table of Contents are for convenience only
and shall not affect the construction hereof. 
 Section 13.13 Indenture May Be Executed in Counterparts. This Indenture may be
executed in any number of counterparts, each of which shall be an original; but such counterparts shall together constitute but one and the same instrument. 

Section 13.14 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 which are consistent with accepted
practices in the banking industry to resume performance as soon as practicable under the circumstances. 

  
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 [Remainder of This Page Intentionally Left Blank.] 

  
 54 

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

			
	CARRIAGE SERVICES, INC.
		
	By:	 	 
	Name:	 	
	Title:	 	
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 55

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