Document:

EX-4.13

 Exhibit 4.13 
 ALPHA NATURAL RESOURCES, INC. 
  

 
 SUBORDINATED
INDENTURE 
 Dated as of [            ], 20[    ]

 Union Bank, N.A. 
 Trustee 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
			
	 ARTICLE 1
	 	 DEFINITIONS
	  			
			
	 Section 1.01.
	 	 Certain Terms Defined
	  	 	1	  
	 Section 1.02.
	 	 Other Definitions
	  	 	7	  
			
	 ARTICLE 2
	 	 SECURITY FORMS
	  			
			
	 Section 2.01.
	 	 Forms Generally
	  	 	7	  
	 Section 2.02.
	 	 Guarantees by Guarantor; Form of Guarantee; Release of Guarantee
	  	 	7	  
	 Section 2.03.
	 	 Form of Trustee’s Certificate of Authentication
	  	 	10	  
			
	 ARTICLE 3
	 	 ISSUE, EXECUTION, FORM AND REGISTRATION OF SECURITIES
	  			
			
	 Section 3.01.
	 	 Amount Unlimited; Issuable in Series
	  	 	10	  
	 Section 3.02.
	 	 Authentication and Delivery of Securities
	  	 	13	  
	 Section 3.03.
	 	 Execution of Securities
	  	 	13	  
	 Section 3.04.
	 	 Certificate of Authentication
	  	 	14	  
	 Section 3.05.
	 	 Denomination and Date of Securities; Payments of Interest
	  	 	14	  
	 Section 3.06.
	 	 Global Security Legend
	  	 	15	  
	 Section 3.07.
	 	 Registration, Transfer and Exchange
	  	 	15	  
	 Section 3.08.
	 	 Book-Entry Provisions for Global Securities
	  	 	17	  
	 Section 3.09.
	 	 Mutilated, Defaced, Destroyed, Lost and Stolen Securities
	  	 	18	  
	 Section 3.10.
	 	 Cancellation of Securities
	  	 	19	  
	 Section 3.11.
	 	 Temporary Securities
	  	 	19	  
	 Section 3.12.
	 	 CUSIP and ISIN Numbers
	  	 	20	  
			
	 ARTICLE 4
	 	 CERTAIN COVENANTS
	  			
			
	 Section 4.01.
	 	 Payment of Principal, Premium and Interest on Securities
	  	 	20	  
	 Section 4.02.
	 	 Maintenance of Office or Agency
	  	 	20	  
	 Section 4.03.
	 	 Money for Securities Payments to be Held in Trust
	  	 	21	  
	 Section 4.04.
	 	 Existence
	  	 	22	  
	 Section 4.05.
	 	 Statement by Officers as to Default
	  	 	22	  
	 Section 4.06.
	 	 Waiver of Certain Covenants
	  	 	22	  
			
	 ARTICLE 5
	 	 REMEDIES OF THE TRUSTEE AND HOLDERS ON EVENT OF DEFAULT
	  			
			
	 Section 5.01.
	 	 Events of Default
	  	 	23	  
	 Section 5.02.
	 	 Acceleration
	  	 	24	  
	 Section 5.03.
	 	 Other Remedies
	  	 	25	  
	 Section 5.04.
	 	 Waiver of Past Defaults
	  	 	25	  
	 Section 5.05.
	 	 Control by Majority
	  	 	25	  
	 Section 5.06.
	 	 Limitation on Suits
	  	 	26	  
	 Section 5.07.
	 	 Rights of Holders to Receive Payment
	  	 	26	  
	 Section 5.08.
	 	 Collection Suit by Trustee
	  	 	26	  

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 Section 5.09.
	 	 Trustee May File Proofs of Claim
	  	 	27	  
	 Section 5.10.
	 	 Priorities
	  	 	27	  
	 Section 5.11.
	 	 Undertaking for Costs
	  	 	27	  
	 Section 5.12.
	 	 Restoration of Rights and Remedies
	  	 	28	  
	 Section 5.13.
	 	 Rights and Remedies Cumulative
	  	 	28	  
	 Section 5.14.
	 	 Delay or Omission Not Waiver
	  	 	28	  
			
	 ARTICLE 6
	 	 THE TRUSTEE
	  			
			
	 Section 6.01.
	 	 Duties and Responsibilities of the Trustee; During Default; Prior to Default
	  	 	28	  
	 Section 6.02.
	 	 Certain Rights of the Trustee
	  	 	29	  
	 Section 6.03.
	 	 Trustee Not Responsible for Recitals, Disposition of Securities or Application of Proceeds Thereof
	  	 	31	  
	 Section 6.04.
	 	 Trustee and Agents May Hold Securities; Collections, Etc
	  	 	31	  
	 Section 6.05.
	 	 Moneys Held by Trustee
	  	 	31	  
	 Section 6.06.
	 	 Notice of Default
	  	 	32	  
	 Section 6.07.
	 	 Compensation and Indemnification of Trustee and Its Prior Claim
	  	 	32	  
	 Section 6.08.
	 	 Right of Trustee to Rely on Officers’ Certificate, Etc
	  	 	33	  
	 Section 6.09.
	 	 Persons Eligible for Appointment as Trustee
	  	 	33	  
	 Section 6.10.
	 	 Resignation and Removal; Appointment of Successor Trustee
	  	 	33	  
	 Section 6.11.
	 	 Acceptance of Appointment by Successor
	  	 	35	  
	 Section 6.12.
	 	 Merger, Conversion, Consolidation or Succession to Business of Trustee
	  	 	36	  
	 Section 6.13.
	 	 Preferential Collection of Claims
	  	 	36	  
	 Section 6.14.
	 	 Communications with the Trustee
	  	 	36	  
	 Section 6.15.
	 	 Conflict of Interest
	  	 	37	  
	 Section 6.16.
	 	 Paying Agent/Registrar
	  	 	37	  
			
	 ARTICLE 7
	 	 CONCERNING THE HOLDERS
	  			
			
	 Section 7.01.
	 	 Evidence of Action Taken by Holders
	  	 	37	  
	 Section 7.02.
	 	 Proof of Execution of Instruments and of Holding of Securities; Record Date
	  	 	37	  
	 Section 7.03.
	 	 Who May Be Deemed Owners of Securities
	  	 	38	  
	 Section 7.04.
	 	 Securities Owned by Company Deemed Not Outstanding
	  	 	38	  
	 Section 7.05.
	 	 Record Date for Action by Securityholders
	  	 	38	  
	 Section 7.06.
	 	 Right of Revocation of Action Taken
	  	 	39	  
			
	 ARTICLE 8
	 	 SECURITYHOLDERS’ MEETINGS
	  			
			
	 Section 8.01.
	 	 Purposes for Which Meeting May Be Called
	  	 	39	  
	 Section 8.02.
	 	 Manner of Calling Meetings; Record Date
	  	 	40	  
	 Section 8.03.
	 	 Call of Meeting by Company or Securityholders
	  	 	40	  
	 Section 8.04.
	 	 Who May Attend and Vote at Meeting
	  	 	40	  

  
 ii 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 Section 8.05.
	 	 Regulations
	  	 	41	  
	 Section 8.06.
	 	 Manner of Voting at Meetings and Record to be Kept
	  	 	41	  
	 Section 8.07.
	 	 Exercise of Rights of Trustee and Securityholders Not to be Hindered or Delayed
	  	 	42	  
			
	 ARTICLE 9
	 	 SUPPLEMENTAL INDENTURES
	  			
			
	 Section 9.01.
	 	 Supplemental Indentures Without Consent of Holders
	  	 	42	  
	 Section 9.02.
	 	 With Consent of Holders
	  	 	43	  
	 Section 9.03.
	 	 Effect of Supplemental Indenture
	  	 	45	  
	 Section 9.04.
	 	 Documents to Be Given to Trustee; Compliance with TIA
	  	 	45	  
	 Section 9.05.
	 	 Notation on Securities in Respect of Supplemental Indentures
	  	 	45	  
			
	 ARTICLE 10
	 	 CONSOLIDATION, MERGER OR SALE OF ASSETS
	  			
			
	 Section 10.01.
	 	 When the Company May Merge, Etc
	  	 	45	  
	 Section 10.02.
	 	 Successor Person Substituted
	  	 	46	  
	 Section 10.03.
	 	 Opinion of Counsel to Trustee
	  	 	46	  
			
	 ARTICLE 11
	 	 REDEMPTION OF SECURITIES
	  			
			
	 Section 11.01.
	 	 Applicability of Article
	  	 	47	  
	 Section 11.02.
	 	 Notice of Redemption; Partial Redemptions
	  	 	47	  
	 Section 11.03.
	 	 Payment of Securities Called for Redemption
	  	 	48	  
			
	 ARTICLE 12
	 	 SUBORDINATION
	  			
			
	 Section 12.01.
	 	 Agreement to Subordinate
	  	 	48	  
	 Section 12.02.
	 	 Liquidation; Dissolution; Bankruptcy
	  	 	49	  
	 Section 12.03.
	 	 Default on Designated Senior Debt
	  	 	49	  
	 Section 12.04.
	 	 Acceleration of Securities
	  	 	50	  
	 Section 12.05.
	 	 When Distribution Must Be Paid Over
	  	 	50	  
	 Section 12.06.
	 	 Subrogation
	  	 	50	  
	 Section 12.07.
	 	 Relative Rights
	  	 	50	  
	 Section 12.08.
	 	 Subordination May Not Be Impaired by the Company
	  	 	51	  
	 Section 12.09.
	 	 Distribution or Notice to Representative
	  	 	51	  
	 Section 12.10.
	 	 Rights of Trustee and Paying Agent
	  	 	51	  
	 Section 12.11.
	 	 Trustee Entitled To Rely
	  	 	51	  
	 Section 12.12.
	 	 Authorization to Effect Subordination
	  	 	52	  
	 Section 12.13.
	 	 Trust Moneys Not Subordinated
	  	 	52	  
	 Section 12.14.
	 	 Trustee Not Fiduciary for Holders of Senior Debt
	  	 	52	  
	 Section 12.15.
	 	 Reliance by Holders of Senior Debt on Subordination Provisions
	  	 	52	  
			
	 ARTICLE 13
	 	 DEFEASANCE AND COVENANT DEFEASANCE
	  			
			
	 Section 13.01.
	 	 Applicability of the Article; Company’s Option to Effect Defeasance or Covenant Defeasance
	  	 	53	  
	 Section 13.02.
	 	 Legal Defeasance and Discharge
	  	 	53	  

  
 iii

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 Section 13.03.
	 	 Covenant Defeasance
	  	 	53	  
	 Section 13.04.
	 	 Conditions to Legal or Covenant Defeasance
	  	 	54	  
	 Section 13.05.
	 	 Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions
	  	 	55	  
	 Section 13.06.
	 	 Repayment to the Company or Guarantor
	  	 	56	  
	 Section 13.07.
	 	 Reinstatement
	  	 	56	  
			
	 ARTICLE 14
	 	 SATISFACTION AND DISCHARGE
	  			
			
	 Section 14.01.
	 	 Satisfaction and Discharge of Indenture
	  	 	57	  
	 Section 14.02.
	 	 Application of Trust Money
	  	 	58	  
			
	 ARTICLE 15
	 	 HOLDERS’ LISTS AND REPORTS BY TRUSTEE, COMPANY AND GUARANTORS
	  			
			
	 Section 15.01.
	 	 Company to Furnish Trustee Names and Addresses of Holders
	  	 	58	  
	 Section 15.02.
	 	 Preservation of Information; Communications to Holders
	  	 	58	  
	 Section 15.03.
	 	 Reports by the Trustee
	  	 	59	  
	 Section 15.04.
	 	 Reports by the Company and Guarantors
	  	 	60	  
			
	 ARTICLE 16
	 	 MISCELLANEOUS PROVISIONS
	  			
			
	 Section 16.01.
	 	 Incorporators, Stockholders, Members, Partners, Officers, Managers and Directors of Company or any Guarantor Exempt from
Individual Liability
	  	 	60	  
	 Section 16.02.
	 	 Provisions of Indenture for the Sole Benefit of Parties and Holders
	  	 	60	  
	 Section 16.03.
	 	 Successors and Assigns of Company or Guarantor Bound by Indenture
	  	 	61	  
	 Section 16.04.
	 	 Notices, Etc., to Trustee, the Company and Guarantors
	  	 	61	  
	 Section 16.05.
	 	 Notices to Holders
	  	 	61	  
	 Section 16.06.
	 	 Officers’ Certificates and Opinions of Counsel; Statements to Be Contained Therein
	  	 	62	  
	 Section 16.07.
	 	 Payments Due on Saturdays, Sundays and Holidays
	  	 	63	  
	 Section 16.08.
	 	 Conflict of Any Provision of Indenture with Trust Indenture Act
	  	 	63	  
	 Section 16.09.
	 	 New York Law to Govern
	  	 	63	  
	 Section 16.10.
	 	 Third Party Beneficiaries
	  	 	63	  
	 Section 16.11.
	 	 Counterparts
	  	 	63	  
	 Section 16.12.
	 	 Effect of Headings
	  	 	63	  
	 Section 16.13.
	 	 Severability
	  	 	63	  
	 Section 16.14.
	 	 Patriot Act Compliance
	  	 	63	  

  
 iv 

 ALPHA NATURAL RESOURCES, INC. 

Reconciliation and tie between Trust Indenture Act of 1939 
 and this Indenture 
  

					
	 Trust Indenture Act
Section
	 	  	  	 Indenture Section

	  §310(a)(1)	 		  	6.09
	          (a)(2)	 		  	6.09
	          (a)(3)	 		  	Not Applicable
	          (a)(4)	 		  	Not Applicable
	          (a)(5)	 		  	6.09
	      (b)	 		  	6.10
	§311(a)   	 		  	6.13
	      (b)	 		  	6.13
	          (b)(2)	 		  	15.03(a), 15.03(b)
	§312(a)   	 		  	15.01, 15.02(a)
	      (b)	 		  	15.02(b)
	      (c)	 		  	15.02(c)
	§313(a)   	 		  	15.03(a)
	      (b)	 		  	15.03(a)
	      (c)	 		  	15.03(a), 15.03(b)
	      (d)	 		  	15.03(b)
	§314(a)   	 		  	15.04
	      (b)	 		  	Not Applicable
	          (c)(1)	 		  	16.05
	          (c)(2)	 		  	16.05
	          (c)(3)	 		  	Not Applicable
	      (d)	 		  	Not Applicable
	      (e)	 		  	16.05
	§315(a)   	 		  	6.01
	      (b)	 		  	6.06, 15.03(a)
	      (c)	 		  	6.01
	      (d)	 		  	6.01
	          (d)(1)	 		  	6.01
	          (d)(2)	 		  	6.01
	          (d)(3)	 		  	6.01
	      (e)	 		  	5.11
	       §316(a)(1)(A)	 		  	5.05
	                (a)(1)(B)	 		  	5.02, 5.04
	          (a)(2)	 		  	Not Applicable
	      (b)	 		  	5.07
	      (c)	 		  	7.02
	   §317(a)(1)	 		  	5.08
	           (a)(2)	 		  	5.09
	       (b)	 		  	4.03
	  318(a) 	 		  	16.07

  

	*	This cross-reference table shall not, for any purpose, be deemed to be part of this Indenture. 

  
 v 

 SUBORDINATED INDENTURE dated as of
[            ], 20[    ] between Alpha Natural Resources, Inc., a Delaware company (the “Company”), the Guarantors (as defined herein) and Union Bank, N.A., as
trustee (the “Trustee”). 
 W I T N E S S E T H: 

WHEREAS, the Company and the Guarantors have duly authorized the execution and delivery of this Indenture to provide for the issuance
from time to time of its unsecured debentures, notes or other evidences of indebtedness (herein called the “Securities”), to be issued in one or more series as in this Indenture provided; and 

WHEREAS, all things necessary to make the Indenture a valid indenture and agreement according to its terms, have been done. 

NOW, THEREFORE: 
 In
consideration of the premises and the purchases of the Securities by the Holders thereof, the Company, the Guarantors and the Trustee mutually covenant and agree for the equal and proportionate benefit of the respective Holders from time to time of
the Securities as follows: 
 ARTICLE 1 
 DEFINITIONS 
 SECTION 1.01. Certain Terms Defined. The following terms
(except as otherwise expressly provided or unless the context otherwise clearly requires) for all purposes of this Indenture and of any indenture supplemental hereto shall have the respective meanings specified in this Section. All other terms used
in this Indenture which are defined in the Trust Indenture Act or the definitions of which in the Securities Act are referred to in the Trust Indenture Act (except as herein otherwise expressly provided or unless the context otherwise clearly
requires), shall have the meanings assigned to such terms in the Trust Indenture Act and in the Securities Act as in force at the date of this Indenture. All accounting terms used herein and not expressly defined shall have the meanings given to
them in accordance with generally accepted accounting principles in the United States (whether or not such is indicated herein). The words “herein,” “hereof” and “hereunder” and other words of similar import refer to
this Indenture as a whole and not to any particular Article, Section or other subdivision. The terms defined in this Article include the plural as well as the singular. 
 “Affiliate” means, with respect to any specified Person, any other Person who directly or indirectly through one or more intermediaries controls, or is controlled by, or is under common control
with, such specified Person. The term “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by
contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative of the foregoing. 
 “Agent Members” has the meaning provided in Section 3.08(a). 

  
 1 

 “Board of Directors” means, with respect to any Person, the board of directors or
board of managers of such Person, or any authorized committee of the board of directors or board of managers of such Person or any officer of such Person duly authorized by the board of directors or board of managers of such Person to take a
specific action. 
 “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant
Secretary of the Company or a Guarantor, as the case may be, to have been duly adopted by the Board of Directors of the Company or such Guarantor, respectively, and to be in full force and effect on the date of such certification, and delivered to
the Trustee. 
 “Business Day” means any day except a Saturday, Sunday or other day on which commercial banks in the
City of New York or the Corporate Trust Office is authorized or obligated by law or executive order to close. 

“Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act,
or, if at any time after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties at such time. 

“Company” means the Person named as the “Company” in the first paragraph of this Indenture until a successor shall
have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor. 
 “Company Request” or “Company Order” means a written request or order signed in the name of the Company by its Chairman of the Board, its President, its Chief Executive Officer, its
Chief Operating Officer or a Vice President, and by its Chief Financial Officer, its Treasurer, an Assistant Treasurer, its Controller, an Assistant Controller, its Secretary or an Assistant Secretary, and delivered to the Trustee. 

“Corporate Trust Office” means the corporate trust office of the Trustee at which the corporate trust business of the Trustee
shall, at any particular time, be principally administered, which office is, at the date as of which this Indenture is dated, located at 350 California Street, Corporate Trust -11th Floor, San Francisco, California 94104, Attention: Corporate Trust
Administration. 
 “Default” means any event that is or with the passage of time or the giving of notice or both would
be an Event of Default. 
 “Depositary” means The Depository Trust Company, its nominees, and their respective
successors. 
 “Designated Senior Debt” shall have, with respect to any series of Securities, the meaning set forth in
the supplemental indenture establishing the terms of such Securities. 
 “Event of Default” means any event or
condition specified as such in Section 5.01 which shall have continued for the period of time, if any, therein designated. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

  
 2 

 “Global Security” means a Security evidencing all or part of a series of
Securities, issued to the Depositary for that series in accordance with Section 3.05 and bearing the appropriate legend prescribed in Section 3.06. 
 “Government Securities” means direct obligations of, or obligations guaranteed by, the United States of America, and the payment for which the United States pledges its full faith and credit.

 “Guarantee” means with respect to the Securities of any series, the Guarantee with respect to the Securities of
such series by the applicable Guarantor or Guarantors pursuant to Section 2.02 hereof and a supplemental indenture. 

“Guarantor” means, with respect to Securities of any series, any of the Company’s direct and indirect Subsidiaries
(other than ANR Receivables Funding LLC), but only if such entity has guaranteed the Company’s obligations under this Indenture and with respect to such series of Securities pursuant to Section 2.01 hereof; provided that upon the
release and discharge of any Person from its Guarantee in accordance with this Indenture or the applicable supplemental indenture, such Person shall cease to be a Guarantor. 
 “Holder,” “Holder of Securities,” “Securityholder” or other similar terms mean the registered holder of any Security. 

“Indenture” means this indenture as originally executed or as it may from time to time be supplemented or amended by one or
more indentures supplemental hereto entered into pursuant to the applicable provisions hereof and shall include the terms of particular series of Securities established as contemplated hereunder. 

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

“Notice of Default” has the meaning provided in Section 6.06. 

“Officers’ Certificate” means a certificate signed on behalf of the Company by two officers of the Company (or on behalf
of a Guarantor by two officers of such Guarantor, as the case may be), one of whom must be the principal executive officer, the principal financial officer, the treasurer or the principal accounting officer of the Company (or such Guarantor), that
meets the requirements of Section 16.06 hereof. 
 “Opinion of Counsel” means an opinion in writing signed by
legal counsel who may be an employee of or counsel to the Company or a Guarantor or who may be other counsel satisfactory to the Trustee. 

  
 3 

 “outstanding”, when used with reference to Securities, subject to the provisions
of Article 7 means, as of any particular time, all Securities authenticated and delivered by the Trustee under this Indenture, except 
 (a) Securities theretofore canceled by the Trustee or delivered to the Trustee for cancellation; 
 (b) Securities, or portions thereof, for the payment or redemption of which moneys in the necessary amount shall have been deposited in trust with the Trustee or with any Paying Agent (other than the
Company or a Guarantor) or shall have been set aside, segregated and held in trust by the Company or a Guarantor (if the Company or a Guarantor shall act as Paying Agent); provided that if such Securities are to be redeemed prior to the
maturity thereof, notice of such redemption shall have been given as herein provided, or provision satisfactory to a Responsible Officer of the Trustee shall have been made for giving such notice; 

(c) Securities in substitution for which other Securities shall have been authenticated and delivered, or which shall have been paid,
pursuant to the terms of Section 3.09 (unless proof satisfactory to the Trustee and the Company is presented that any of such Securities is held by a person in whose hands such Security is a legal, valid and binding obligation of the Company);
and 
 (d) Securities that have been defeased pursuant to Section 12.01. 

“Paying Agent” means any Person authorized by the Company to pay the principal of (and premium, if any) and interest, if any,
on any Securities on behalf of the Company. The Company or a Guarantor may act as Paying Agent with respect to any Securities issued hereunder. 
 “Payment Blockage Notice” has the meaning assigned to it in Section 12.03. 
 “Payment Office,” when used with respect to the Securities of or within any series, means the place or places where the principal of (and premium, if any) and interest on such Securities are
payable as specified as contemplated by Sections 3.01 and 4.01. 
 “Permitted Junior Securities” means, with
respect to the Securities of any series, capital stock of the Company or securities of the Company that are subordinated to all Senior Debt of the Company and any debt securities issued in exchange for Senior Debt of the Company to substantially the
same extent as, or to a greater extent than, the Securities of such series are subordinated to Senior Debt pursuant to this Indenture. 
 “Person” means any individual, corporation, partnership, joint stock company, business trust, trust, unincorporated association, joint venture or other entity or organization, including a
government or political subdivision or an agency or instrumentality thereof. 
 “Physical Securities” means Securities
issued pursuant to Section 3.02 in exchange for interest in the Global Security or pursuant to Section 3.08(b) in registered form substantially in the form hereinabove recited. 

  
 4 

 “Principal Amount” means, when used with respect to any Security, the amount of
principal of such Security that could then be declared due and payable pursuant to Section 5.02. 
 “Registrar”
has the meaning provided in Section 3.07. 
 “Regular Record Date” for the interest payable on any Interest
Payment Date on the Securities of any series means the date specified for that purpose as contemplated by Section 3.01. 

“Representative” means the indenture trustee or other trustee, agent or representative for any Senior Debt. 

“Responsible Officer” when used with respect to the Trustee means any officer within the Corporate Trust Office of the Trustee
including any vice president, any trust officer, any assistant vice president, any assistant secretary, any assistant treasurer, or any other officer of the Trustee customarily performing 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 his or her knowledge of and familiarity with the particular subject and who shall have direct responsibility for the administration of this
Indenture. 
 “Securities Act” means the Securities Act of 1933, as amended. 

“Security” or “Securities” means any Security or Securities, as the case may be, authenticated and delivered under
this Indenture. 
 “Security Register” has the meaning provided in Section 3.07. 

“Senior Debt” means, with respect to any Person, the principal of (and premium, if any) and interest in respect of: 

 

	 	(i)	indebtedness for money borrowed by such Person; 

  

	 	(ii)	securities, notes, debentures, bonds or other similar instruments issued by such Person; 

 

	 	(iii)	all obligations issued or assumed by such Person evidencing the purchase price of property by such Person or a Subsidiary of such Person, all conditional sale
obligations of such Person and all obligations of such Person under any conditional sale or title retention agreement (but excluding trade accounts payable in the ordinary course of business); 

 

	 	(iv)	all obligations, contingent or otherwise, of such Person in respect of any letters of credit, banker’s acceptances, security purchase facilities or similar credit
transactions; 

  

	 	(v)	all obligations in respect of interest rate swap, cap or other agreements, interest rate future or option contracts, currency swap agreements, currency future or option
contracts and other similar agreements; 

  
 5 

	 	(vi)	all obligations in respect of any factoring, securitization, sale of receivables or similar transaction; 

 

	 	(vii)	all obligations of the type referred to in clauses (i) through (vi) of other Persons for the payment of which such Person is responsible or liable as obligor,
guarantor or otherwise; 

  

	 	(viii)	all obligations of such Person under performance guarantees, support agreements and other agreements in the nature thereof; 

 

	 	(ix)	all renewals, extensions, refundings, amendments and modifications of indebtedness or obligations referred to in clauses (i) through (viii) (unless the
instrument creating or evidencing any such indebtedness or obligation or its renewal, extension, refund, amendment or modification specifically provides that such indebtedness or obligation is not senior in right of payment to the Securities of the
relevant series); and 

  

	 	(x)	all obligations of the type referred to in clauses (i) through (ix) of other Persons secured by any lien on any property or asset of such Person (whether or
not such obligation is assumed by such obligor). Notwithstanding the foregoing, Senior Debt does not include (1) any such indebtedness or obligation that is by its terms subordinated to or pari passu with the Securities of the relevant series,
and (2) any indebtedness or obligation between or among such Person and its Affiliates. 

 “Stated
Maturity,” when used with respect to any Security or any installment of principal thereof or interest thereon, means the date specified in such Security or a coupon representing such installment of interest as the fixed date on which the
principal of such Security or such installment of principal or interest is due and payable. 
 “Subsidiary” means, as
applied, with respect to any Person, any corporation, partnership or other legal entity of which, in the case of a corporation, more than 50% of the issued and outstanding capital stock having ordinary voting power to elect a majority of the board
of directors of such corporation (irrespective of whether at the time capital stock of any other class or classes of such corporation has or might have voting power upon the occurrence of any contingency), or, in the case of any partnership or other
legal entity, more than 50% of the ordinary equity capital interests, is at the time directly or indirectly owned or controlled by such Person, by such Person and one or more of its other Subsidiaries or by one or more of such Person’s other
Subsidiaries. 
 “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended, as in force at the date as
of which this Indenture was originally executed, and “TIA”, when used in respect of an indenture supplemental hereto, means such Act as in force at the time such indenture supplemental hereto becomes effective. 

“Trustee” means the Person named as the “Trustee” in the first paragraph of this Indenture until a successor Trustee
shall have become such pursuant to the applicable provisions 

  
 6 

 
of this Indenture, and thereafter “Trustee” shall mean or include each Person who is then a Trustee hereunder; provided, however, that if at any time there is more than
one such Person, “Trustee” as used with respect to the Securities of any series shall mean only the Trustee with respect to Securities of that series. 
 SECTION 1.02. Other Definitions. 
  

			
	Term	  	Defined in Section
		
	“Covenant Defeasance”	  	13.03
		
	“Legal Defeasance”	  	13.02

 ARTICLE 2 
 SECURITY FORMS 
 SECTION 2.01. Forms Generally. The Securities of each
series, and all Guarantees, if any, shall be in substantially the forms as shall be established by or pursuant to a Board Resolution 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 may be required to comply with the rules of any
securities exchange or as may, consistently herewith, be determined by the officers executing such Securities and Guarantees, if any, as evidenced by their execution of the Securities and Guarantees. If the form of Securities of any series is
established by action taken pursuant to a Board Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and the Guarantors, if any, and delivered to the Trustee at or
prior to the delivery of the Company Order contemplated by Section 3.02 for the authentication and delivery of such Securities. 
 The Trustee’s certificate of authentication on all Securities shall be in substantially the form set forth in this Article. 
 The definitive Securities of any 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
Securities, as evidenced by their execution of such Securities. 
 SECTION 2.02. Guarantees by Guarantor; Form of
Guarantee; Release of Guarantee. 
 (a) Except as otherwise specified in or pursuant to the Officers’ Certificate or
supplemental indenture contemplated by Section 3.01(b), the provisions of this Section 2.02 will be applicable to any series of Securities that is to be guaranteed by one or more Guarantors. 

(b) Each Guarantor by its execution of this Indenture hereby agrees with each Holder of a Security of each series that is guaranteed by
such Guarantor and authenticated and delivered by the Trustee and with the Trustee on behalf of each such Holder, to be unconditionally bound by the terms and provisions of the Guarantee set forth below and authorizes the Trustee to confirm such
Guarantee to the Holder of each such Security by its execution and delivery of each such Security, with such Guarantee endorsed thereon, authenticated and delivered by the Trustee. 

  
 7 

 Guarantees to be endorsed on the Securities shall, subject to this Section 2.02, be in
substantially the form set forth below: 
 GUARANTEE 
 OF 
 [GUARANTOR] 

For value received, [Guarantor] (the “Guarantor”) hereby unconditionally and irrevocably guarantees, jointly and severally, to
the Holder of the Security upon which this Guarantee is endorsed and to the Trustee on behalf of each such Holder the due and punctual payment of the principal of, premium, if any, interest and additional amounts, if any, on such Security and the
due and punctual payment of any sinking fund or analogous payments referred to therein, if any, when and as the same shall become due and payable, whether on the Stated Maturity, by declaration of acceleration, call for redemption or otherwise,
according to the terms thereof and of the indenture dated as of [            ], 20[    ] among Alpha Natural Resources, Inc. (hereinafter called the “Company,”
which term includes any successor Person thereto under the Indenture), the Guarantors (as defined therein) and Union Bank, N.A., as trustee (the “Indenture” and as supplemented by [any applicable supplemental indenture], the
“Indenture”). In case of the failure of the Company punctually to make any such payment of principal, premium, if any, or interest, and additional amounts, if any, or any sinking fund or analogous payment, the Guarantor, for so long as
this Guarantee shall be in effect, hereby agrees to cause any such payment to be made to or to the order of the Trustee punctually when and as the same shall become due and payable, whether on the Stated Maturity or by declaration of acceleration,
call for redemption or otherwise, and as if such payment were made by the Company. 
 The Guarantor hereby agrees, to the extent
permitted by law, that its obligations hereunder shall be as if it were the principal debtor and not merely surety, and shall be absolute and unconditional, irrespective of, and shall be unaffected by, any invalidity, irregularity or
unenforceability of such Security or the Indenture, any failure to enforce the provisions of such Security or the Indenture, or any waiver, modification or indulgence granted to the Company with respect thereto, by the Holder of such Security or the
Trustee or any other circumstance which may otherwise constitute a legal or equitable discharge of a surety or guarantor. The Guarantor hereby waives, to the extent permitted by law, diligence, presentment, demand of payment, filing of claims with a
court in the event of merger or bankruptcy of the Company, any right to require a proceeding first against the Company, protest or notice with respect to such Security or the indebtedness evidenced thereby or with respect to any sinking fund or
analogous payment required under such Security and all demands whatsoever, and covenants that this Guarantee will not be discharged except by payment in full of the principal of, premium, if any, and interest on such Security or as otherwise
described in Section 2.02 of the Indenture. 
 This Guarantee shall be automatically and unconditionally released on the
terms set forth in Section 2.02(c) of the Indenture [and Section [            ] of the supplemental indenture]. 

  
 8 

 The Guarantor shall be subrogated to all rights of the Holder of such Security and the
Trustee against the Company in respect of any amounts paid to such Holder by the Guarantor pursuant to the provisions of this Guarantee; provided that the Guarantor shall not be entitled to enforce, or to receive any payments arising out of
or based upon such right of subrogation until the principal of, premium, if any, and interest on all Securities of the same series issued under the Indenture shall have been paid in full. 

The Guarantor hereby agrees that its obligations hereunder shall be direct, unconditioned and unsubordinated and will rank equally and
ratably without preference and at least equally with other senior unsecured and unsubordinated obligations of the Guarantor, except to the extent prescribed by law. The Holder of a guaranteed Security will be entitled to payment under the Guarantee
without taking any action whatsoever against the Company. 
 No reference herein to the Indenture and no provision of this
Guarantee or of the Indenture shall alter or impair the guarantee of the Guarantor, which is absolute and unconditional, of the due and punctual payment of the principal of, premium, if any, and interest on, any additional amounts, and any sinking
fund or analogous payments with respect to, the Security upon which this Guarantee is endorsed. 
 This Guarantee shall not be
valid or obligatory for any purpose until the certificate of authentication of such Security shall have been manually executed by or on behalf of the Trustee under the Indenture. 

All terms used in this Guarantee that are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

This Guarantee shall be governed by and construed in accordance with the laws of the State of New York, but without giving effect to
applicable principles of conflicts of law to the extent that the application of the law of another jurisdiction would be required thereby. 

Executed and dated the date on the face hereof. 
  

			
	 [GUARANTOR]

		
	By	 	
	Name:	 	
	Title:	 	

 (c) Release of Guarantee. 

 

	 	(i)	The Guarantee of a Guarantor relating to a series of Securities shall be released automatically and unconditionally, and such Guarantor shall be relieved of all of its
obligations under its Guarantee of such Securities, (A) upon defeasance or discharge of such series of Securities as provided in Article Twelve or Article Thirteen of this Indenture, and (B) if for any reason, such Guarantor ceases to be a
Subsidiary of the Company. 

  
 9 

	 	(ii)	The Guarantee of a Guarantor relating to a series of Securities shall be released automatically and unconditionally, and such Guarantor shall be relieved of all of its
obligations under its Guarantee of such Securities, in any additional circumstances provided in the terms of the Securities of such series established pursuant to Section 3.01 of this Indenture and any relevant supplemental indenture.

  

	 	(iii)	At such time as a Guarantor’s Guarantee is released with respect to any series of Securities, such Guarantor will no longer be considered a “Guarantor”
of such series of Securities. 

  

	 	(iv)	The Trustee shall promptly execute any documents reasonably requested by the applicable Company or a Guarantor relating to a series of Securities in order to evidence
the release of such Guarantor from its obligations under its Guarantee of the Securities of such series; provided that the Trustee shall not be obligated to execute or deliver any document evidencing the release of a Guarantee pursuant to
this Section 2.02(c) unless the Company has delivered an Officers’ Certificate or an Opinion of Counsel to the effect that such release is in accordance with the provisions of this Indenture. 

SECTION 2.03. Form of Trustee’s Certificate of Authentication. The Trustee’s certificate of authentication shall be
substantially in the following form: 
 This is one of the Securities of the series designated therein referred to in the within-mentioned
Indenture. 
  

			
	Union Bank, N.A., as Trustee
		
	By	 	  

		
		 	Authorized Signatory

 ARTICLE 3 
 ISSUE, EXECUTION, FORM AND REGISTRATION OF SECURITIES 
 SECTION 3.01.
Amount Unlimited; Issuable in Series. 
 (a) The aggregate principal amount of Securities which may be authenticated and
delivered under this Indenture is unlimited. 
 (b) The Securities may be issued from time to time in one or more series. Prior
to the issuance of Securities of any series, there shall be established in or pursuant to (i) a Board Resolution of the Company and each Guarantor, if any, of the Securities of such series,

  
 10 

 
(ii) action taken pursuant to a Board Resolution and (subject to Sections 3.03 and 3.04) set forth, or determined in the manner provided, in an Officers’ Certificate of the Company
and each Guarantor, if any, of the Securities of such series, or (iii) one or more indentures supplemental hereto: 
 (1) the title of the Securities of the series (which shall distinguish the Securities of the series from all other Securities); 

(2) whether or not such Securities are to be guaranteed and, if so, the Guarantor or Guarantors thereof; 

(3) the purchase price, denomination and any limit upon the aggregate principal amount of the Securities of the series
which may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Sections 3.03,
3.08, 3.10, 9.05 or 11.02); 
 (4) the date or dates on which the principal of and premium, if any, on the
Securities of the series is payable or the method of determination thereof; 
 (5) the rate or rates at which the
Securities of the series shall bear interest, if any, or the method of calculating such rate or rates of interest, the date or dates from which such interest shall accrue or the method by which such date or dates shall be determined, the Interest
Payment Dates on which any such interest shall be payable and the Regular Record Date, if any, for the interest payable on any Interest Payment Date; 
 (6) the place or places where the principal of (and premium, if any) and interest, if any, on Securities of the series shall be payable; 

(7) the place or places where the Securities may be exchanged or transferred; 

(8) the period or periods within which, the price or prices at which, the currency or currencies (including currency unit
or units) in which, and the other terms and conditions upon which Securities of the series may be redeemed, in whole or in part, at the option of the Company, if the Company is to have that option, and, if other than as provided in
Section 11.02, the manner in which the particular Securities of such series (if less than all Securities of such series are to be redeemed) are to be selected for redemption; 

(9) the obligation, if any, of the Company to redeem or purchase Securities of the series in whole or in part pursuant to
any sinking fund or analogous provisions or upon the happening of a specified event or at the option of a Holder thereof and the period or periods within which, the price or prices at which, and the other terms and conditions upon which Securities
of the series shall be redeemed or purchased, in whole or in part, pursuant to such obligation; 
 (10) if other
than denominations of $1,000 and any integral multiple thereof, the denominations in which Securities of the series shall be issuable; 

  
 11 

 (11) if other than U.S. dollars, the currency or currencies (including
currency unit or units) in which payments of principal of (and premium, if any) and interest, if any, on the Securities of the series shall or may by payable, or in which the Securities of the series shall be denominated, and the particular
provisions applicable thereto; 
 (12) if the payments of principal of (and premium, if any) and interest, if
any, on the Securities of the series are to be made, at the election of the Company or a Securityholder, in a currency or currencies (including currency unit or units) other than that in which such Securities are denominated or designated to be
payable, the currency or currencies (including currency unit or units) in which such payments are to be made, the terms and conditions of such payments and the manner in which the exchange rate with respect to such payments shall be determined, and
the particular provisions applicable thereto; 
 (13) if the amount of payments of principal of (and premium, if
any) and interest, if any, on the Securities of the series shall be determined with reference to an index, formula or other method (which index, formula or method may be based, without limitation, on a currency or currencies (including currency unit
or units) other than that in which the Securities of the series are denominated or designated to be payable), the index, formula or other method by which such amounts shall be determined; 

(14) if other than the principal amount thereof, the portion of the principal amount of Securities of the series which
shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 5.02 or the method by which such portion shall be determined; 
 (15) any modifications of or additions to the subordination provisions, the Events of Default or the covenants of the Company set forth herein with respect to Securities of the series; 

(16) if either or both of Section 13.02 and Section 13.03 shall be inapplicable to the Securities of the series
(provided that if no such inapplicability shall be specified, then both Section 13.02 and Section 13.03 shall be applicable to the Securities of the series) and any other terms upon which the Securities of such series will be
defeasible; 
 (17) if other than the Trustee, the identity of the Registrar and any Paying Agent; 

(18) if the Securities of the series shall be issued in whole or in part in global form, (i) the Depositary for such
global Securities, (ii) the form of any legend in addition to or in lieu of that in Section 3.07 which shall be borne by such global Security, (iii) whether beneficial owners of interests in any Securities of the series in global form
may exchange such interests for certificated Securities of such series and of like tenor of any authorized form and denomination, and (iv) if other than as provided in Section 3.08, the circumstances under which any such exchange may
occur; 

  
 12 

 (19) if, and the terms and conditions upon which, the Securities of such
series may or must be converted into securities of the Company or exchanged for securities of the Company or another enterprise; and 
 (20) any other terms of the series (which terms shall not be inconsistent with the provisions of this Indenture, except as permitted by Section 9.01, but which may modify or delete any provision of
this Indenture insofar as it applies to such series), including any terms which may be required by or advisable under the laws of the United States of America or regulations thereunder or advisable (as determined by the Company) in connection with
the marketing of Securities of the series. 
 All Securities of any one series shall be substantially identical except as to
denomination and except as may otherwise be provided (i) by a Board Resolution, (ii) by action taken pursuant to a Board Resolution and (subject to Sections 3.02-3.05) set forth, or determined in the manner provided, in an
Officers’ Certificate or (iii) in any such indenture supplemental hereto. All Securities of any one series need not be issued at the same time and, unless otherwise provided, a series may be reopened, without the consent of the Holders,
for issuances of additional Securities of such series. 
 If any of the terms of the Securities of any series are established by
action taken pursuant to a Board Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and the Guarantors, if any, and delivered to the Trustee at or prior to the
delivery of the Officers’ Certificate setting forth, or providing the manner for determining, the terms of the Securities of such series, and an appropriate record of any action taken pursuant thereto in connection with the issuance of any
Securities of such series shall be delivered to the Trustee prior to the authentication and delivery thereof. 

SECTION 3.02. Authentication and Delivery of Securities. Upon the execution and delivery of this Indenture, or from time to
time thereafter, Securities of any series and the related Guarantees, if any, may be executed by the Company and the Guarantors, if any, and delivered by the Company to the Trustee for authentication, together with a Company Order, and upon delivery
to the Trustee of all documents and certificates as required by this Indenture, the Trustee shall thereupon, in accordance with such Company Order, authenticate and make available for delivery said Securities. 

SECTION 3.03. Execution of Securities. The Securities of each series shall be executed on behalf of the Company, and each of
the Guarantees, if any, shall be executed on behalf of the applicable Guarantor, by the Chairman of the Board of Directors, the Chief Executive Officer, the Chief Operating Officer, the Chief Financial Officer, the Treasurer, an Assistant Treasurer,
the Controller, the Secretary or any Vice President (whether or not designated by a number or numbers or a word or words added before or after the title “Vice President”) of the Company or of such Guarantor, as the case may be. The
signatures of any of such officers on the Securities or the Guarantees may be the manual or facsimile signatures of the present or any future such officers. In case any officer of the Company or of each Guarantor, if any, who shall have signed any
of the Securities and Guarantees, if any, shall cease to be such officer before the Security so signed or to which the Guarantee relates shall be authenticated and delivered by the Trustee or disposed of by the Company, such Security nevertheless
may be 

  
 13 

 
authenticated and delivered or disposed of as though the person who signed such Security or Guarantee had not ceased to be such officer of the Company or of such Guarantor, as the case may be;
and any Security or Guarantee may be signed on behalf of the Company or of a Guarantor, if any, by such persons as, at the actual date of the execution of such Security or Guarantee shall be the proper officers of the Company or of such Guarantor,
as the case may be, although at the date of the execution and delivery of this Indenture any such person was not such officer. 

SECTION 3.04. Certificate of Authentication. Only such Securities or Guarantees endorsed thereon, if any, as shall bear
thereon a certificate of authentication substantially in the form hereinabove recited, executed by the Trustee by manual signature of one of its authorized signatories, shall be entitled to the benefits of this Indenture or be valid or obligatory
for any purpose. Such certificate by the Trustee upon any Security executed by the Company shall be conclusive evidence that the Security so authenticated has been duly authenticated and delivered hereunder and that the Holder is entitled to the
benefits of this Indenture. 
 SECTION 3.05. Denomination and Date of Securities; Payments of Interest. (a) The
Securities shall be issuable in such denominations as shall be specified as contemplated by Section 3.01 but in any event not less than $1,000 and any integral multiple thereof. In the absence of any such provisions with respect to the
Securities, the Securities shall be issuable in denominations of $1,000 and any integral multiple thereof. The Securities shall be numbered, lettered, or otherwise distinguished in such manner or in accordance with such plans as the officers of the
Company executing the same may determine with the approval of the Trustee. 
 Any of the Securities and Guarantees, if any, may
be issued with appropriate insertions, omissions, substitutions and variations, and may have imprinted or otherwise reproduced thereon such legend or legends, not inconsistent with the provisions of this Indenture, as may be required to comply with
any law or with any rules or regulations pursuant thereto, including those required by Section 3.06, or with the rules of any securities market in which the Securities are admitted to trading, or to conform to general usage. 

Each Security shall be dated the date of its authentication, shall bear interest from the applicable date and shall be payable on the
dates specified on the face of the form of Security above. Except as otherwise specified as contemplated by Section 3.01 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of
twelve 30-day months. 
 (a) Global Securities. If Securities of or within a series are issuable in whole or in part in global
form, then any such Security of such series shall be deposited with the Trustee as custodian for the Depositary and registered in the name of Cede & Co., as nominee for the Depositary. The Global Security shall be deposited on behalf of the
purchasers of the Securities represented thereby with the Trustee, as custodian for the Depositary (or with such other custodian as the Depositary may direct), and registered in the name of the Depositary or a nominee of the Depositary, duly
executed by the Company and each Guarantor, if any, and authenticated by the Trustee as hereinafter provided. The aggregate principal amount of the Global Securities may from time to time be increased or decreased by adjustments made on the records
of the Trustee and the Depositary or its nominee as hereinafter provided. 

  
 14 

 (b) The person in whose name any Security is registered at the close of business on any
Regular Record Date with respect to any Interest Payment Date shall be entitled to receive the interest, if any, payable on such Interest Payment Date notwithstanding any transfer or exchange of such Security subsequent to the Regular Record Date
and prior to such Interest Payment Date, except if and to the extent the Company or a Guarantor, if any, shall default in the payment of the interest due on such Interest Payment Date, in which case such defaulted interest, plus (to the extent
lawful) any interest payable on the defaulted interest, shall be paid to the persons in whose names outstanding Securities are registered at the close of business on a subsequent record date (which shall be not less than five Business Days prior to
the date of such payment) established by notice given by mail by or on behalf of the Company or such Guarantor to the Holders of Securities not less than 15 days preceding such subsequent record date. 

SECTION 3.06. Global Security Legend. Any Security in global form authenticated and delivered hereunder shall bear a legend
in substantially the following form, or in such other form as may be necessary or appropriate to reflect the arrangements with or to comply with the requirements of any Depositary: 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE
DEPOSITARY OR A NOMINEE OF THE DEPOSITARY, WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS SECURITY FOR ALL PURPOSES. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, 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 IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF THE
DEPOSITORY TRUST COMPANY OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE. 
 SECTION 3.07. Registration,
Transfer and Exchange. The Securities are issuable only in registered form. The Company will keep at each office or agency (the “Registrar”) for each series of Securities a register or registers (the “Security Register(s)”)
in which, subject to such reasonable regulations as it may prescribe, it will register, and will register the transfer of 

  
 15 

 
Securities as provided in this Article. Such Security Register or Security Registers shall be in written form in the English language or in any other form capable of being converted into such
form within a reasonable time. At all reasonable times such Security Register or Security Registers shall be open for inspection by the Trustee. The initial Registrar shall be the Trustee. 

Upon due presentation for registration of transfer of any Security of any series at each such office or agency, the Company shall execute
a new Security or Securities of the same series, in each case, of any authorized denominations and of a like aggregate Principal Amount in the name of the designated transferee or transferees, the applicable Guarantors, if any, shall execute the
Guarantees endorsed thereon and, upon receipt of a Company Order, the Trustee shall authenticate and make available for delivery such Securities. 
 At the option of the Holder, Securities of any series (except a Security in global form) may be exchanged for other Securities of the same series, of any authorized denominations and of a like aggregate
Principal Amount and Stated Maturity, upon surrender of the Securities to be exchanged at such office or agency. Whenever any Securities are so surrendered for exchange, the Company shall execute the Securities which the Holder making the exchange
is entitled to receive, the applicable Guarantors, if any, shall execute the Guarantees endorsed thereon and, upon receipt of a Company Order, the Trustee shall authenticate and make available for delivery such Securities. 

A Holder may transfer a Security only by written application to the Registrar stating the name of the proposed transferee and otherwise
complying with the terms of this Indenture. No such transfer shall be effected until, and such transferee shall succeed to the rights of a Holder only upon, final acceptance and registration of the transfer by the Registrar in the Security Register.
Prior to the registration of any transfer by a Holder as provided herein, the Company, the Guarantors, if any, and the Trustee or any of their respective agents shall treat the person in whose name the Security is registered as the owner thereof for
all purposes whether or not the Security shall be overdue, and neither the Company, the Guarantors, if any, the Trustee, nor any such agent shall be affected by notice to the contrary. Furthermore, any Holder of a Global Security shall, by
acceptance of such Global Security, agree that transfers of beneficial interests in such Global Security may be effected only through a book entry system maintained by the Depository (or its nominee) and that ownership of a beneficial interest in
the Security shall be required to be reflected in a book entry. When Securities are presented to the Registrar or a co-Registrar with a request to register the transfer or to exchange them for an equal Principal Amount of Securities of other
authorized denominations, the Registrar shall register the transfer or make the exchange as requested if the requirements for such transactions set forth herein are met. To permit registrations of transfers and exchanges, the Company shall execute
the Securities, the applicable Guarantors, if any, shall execute the Guarantees endorsed thereon and the Trustee shall authenticate Securities at the Registrar’s request. 
 The Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any exchange or registration of transfer of Securities (other than
any such transfer taxes or other similar governmental charge payable upon exchanges pursuant to Section 3.11, 9.05 or 11.03). No service charge to any Holder shall be made for any such transaction. 

  
 16 

 The Company shall not be required to exchange or register a transfer of (a) any
Securities of any series for a period of 15 days next preceding the first mailing of notice of redemption of Securities of that series to be redeemed, or (b) any Securities of any series selected, called or being called for redemption
except, in the case of any Security of any series where public notice has been given that such Security is to be redeemed in part, the portion thereof not so to be redeemed. 
 All Securities issued upon any transfer or exchange of Securities shall be valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the
Securities surrendered upon such transfer or exchange. 
 SECTION 3.08. Book-Entry Provisions for Global Securities.
(a) Each Global Security initially shall (i) be registered in the name of the Depositary for such Global Securities or the nominee of such Depositary, (ii) be delivered to the Trustee as custodian for such Depositary and
(iii) bear legends as set forth in Section 3.06. 
 Members of, or participants in, the Depositary (“Agent
Members”) shall have no rights under this Indenture with respect to any Global Security held on their behalf by the Depositary, or the Trustee as its custodian, or under the Global Security, and the Depositary may be treated by the Company,
each Guarantor, if any, the Trustee and any of their respective agents as the absolute owner of such Global Security for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, each such Guarantor, the
Trustee or any of such agents from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its Agent Members, the operation of customary practices governing the
exercise of the rights of a holder of any Security. 
 (b) Transfers of a Global Security shall be limited to transfers of such
Global Security in whole, but not in part, to the Depositary for such series, its successors or their respective nominees. The Company may at any time and in its sole discretion determine that the Securities of a series issued in the form of one or
more Global Securities shall no longer be represented by such Global Securities. In such event, the Company will execute 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 of such series, the applicable Guarantors, if any, shall execute the Guarantees endorsed thereon and the Trustee, upon receipt of a Company Order, will authenticate and deliver such definitive Securities
in exchange for such Global Security or Securities. Interests of beneficial owners in a Global Security may be transferred in accordance with the rules and procedures of the Depositary. 

In addition, Physical Securities shall be transferred to all beneficial owners identified by the Depositary in exchange for their
beneficial interests in a Global Security, if (i) the Depositary (A) notifies the Company that it is unwilling or unable to continue as Depositary for such Global Security, and a successor depositary is not appointed by the Company within
90 days of such notice, or (B) ceases to be qualified to serve as Depositary and a successor depositary is not appointed by the Company within 90 days of such notice, (ii) the Company executes and delivers to the Trustee a
Company Order that such Global Security shall be so transferable, registrable and exchangeable, and such transfers shall be registrable, or (iii) an Event of Default of which the Trustee has actual notice has occurred and is continuing and the
Registrar has received a 

  
 17 

 
request from a beneficial owner to issue such Physical Securities, and if the Trustee is the Registrar, a Company Order or written confirmation from the Depositary identifying the beneficial
owner. 
 (c) Any beneficial interest in one of the Global Securities that is transferred to a person who takes delivery in the
form of an interest in the other Global Security will, upon transfer, cease to be an interest in such Global Security and become an interest in the other Global Security and, accordingly, will thereafter be subject to all transfer restrictions, if
any, and other procedures applicable to beneficial interests in such other Global Security for as long as it remains such an interest. 
 (d) In connection with any transfer of a portion of the beneficial interests in a Global Security to beneficial owners pursuant to paragraph (b) of this Section 3.08, the Registrar shall reflect
on its books and records the date and a decrease in the Principal Amount of such Global Security in an amount equal to the Principal Amount of the beneficial interest in such Global Security to be transferred, and the Company shall execute, and the
Trustee shall authenticate and make available for delivery, one or more Physical Securities of like tenor and amount. 
 (e) In
connection with the transfer of an entire Global Security to beneficial owners pursuant to paragraph (b) of this Section, such Global Security shall be deemed to be surrendered to the Trustee for cancellation, and the Company shall execute, and
upon receipt of a Company Order the Trustee shall authenticate and deliver, to each beneficial owner identified by the Depositary in exchange for its beneficial interest in such Global Security, an equal Principal Amount of Physical Securities of
authorized denominations. 
 (f) The registered holder of a Global Security may grant proxies and otherwise authorize any
person, including Agent Members and persons that may hold interests through Agent Members, to take any action which a Holder is entitled to take under this Indenture or the Securities of such series. 

SECTION 3.09. Mutilated, Defaced, Destroyed, Lost and Stolen Securities. In case any temporary or definitive Security shall
become mutilated, defaced or be apparently destroyed, lost or stolen, the Company in its discretion may execute a new Security of the same series bearing a number not contemporaneously outstanding, the applicable Guarantors, if any, shall execute
the Guarantees endorsed thereon and, upon the written request of any officer of the Company and delivery to the Trustee of all documents and certificates as required by this Indenture, the Trustee shall authenticate and make available for delivery
such Security, in exchange and substitution for the mutilated or defaced Security, or in lieu of and substitution for the Security so apparently destroyed, lost or stolen. In every case the applicant for a substitute Security shall furnish to the
Company, each Guarantor, if any, the Trustee and any of their respective agents, such security or indemnity as may be required by each of them to indemnify and defend and to save each of them harmless and, in every case of destruction, loss or theft
evidence to their satisfaction of the apparent destruction, loss or theft of such Security and of the ownership thereof. 
 Upon
the issuance of any substitute Security, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation 

  
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thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. In case any Security which has matured or is about to mature, or has been called for
redemption in full, shall become mutilated or defaced or be apparently destroyed, lost or stolen, the Company may, instead of issuing a substitute Security of the same series, pay or authorize the payment of the same (without surrender thereof
except in the case of a mutilated or defaced Security), if the applicant for such payment shall furnish to the Company, each Guarantor, if any, the Trustee and any of their respective agents such Security or indemnity as any of them may require to
save each of them harmless from all risks, however remote, and, in every case of apparent destruction, loss or theft, the applicant shall also furnish to the Company, each such Guarantor, the Trustee and any of such agents evidence to their
satisfaction of the apparent destruction, loss or theft of such Security and of the ownership thereof. 
 Every substitute
Security and the Guarantee endorsed thereon, if any, issued pursuant to the provisions of this Section by virtue of the fact that any Security is apparently destroyed, lost or stolen shall constitute an additional contractual obligation of the
Company and any Guarantor, as applicable, whether or not the apparently destroyed, lost or stolen Security shall be at any time enforceable by anyone and shall be entitled to all the benefits of (but shall be subject to all the limitations of rights
set forth in) this Indenture equally and proportionately with any and all other Securities and the Guarantees endorsed thereon, if any, duly authenticated and delivered hereunder. All Securities shall be held and owned upon the express condition
that, to the extent permitted by law, with respect to the holder of a substitute Security, the foregoing provisions are exclusive with respect to the replacement or payment of mutilated, defaced, or apparently destroyed, lost or stolen 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 3.10. Cancellation of Securities. All Securities surrendered for payment, redemption,
registration of transfer or exchange, if surrendered to the Company, any Guarantor, the Trustee or any of their respective agents, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be cancelled by it; and no
Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of cancelled Securities in accordance with its customary procedures. If the Company or any Guarantor shall
acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation. 

SECTION 3.11. Temporary Securities. Pending the preparation of definitive Securities of any series, the Company may execute
and the Trustee shall authenticate and make available for delivery temporary Securities of such series (printed, lithographed, typewritten or otherwise reproduced, in each case in form satisfactory to the Trustee). Temporary Securities shall be
issuable as registered Securities of such series without coupons, of any authorized denomination, and substantially in the form of the definitive Securities of such series, and if the Securities are to be guaranteed, having endorsed thereon the
Guarantees executed by each Guarantor, but in all cases with such appropriate omissions, insertions and variations as may be appropriate for temporary Securities, all as may be determined by the Company and the Guarantors, if any, with the
concurrence of the Trustee. Temporary Securities may contain such reference to any provisions of this Indenture as may be appropriate. Every temporary Security 

  
 19 

 
shall be executed by the Company and endorsed by each Guarantor, if any, and be authenticated by the Trustee upon the same conditions and in substantially the same manner, and with like effect,
as the definitive Securities of such series. Without unreasonable delay the Company shall execute and shall furnish definitive Securities of such series and thereupon temporary Securities of such series may be surrendered in exchange therefor
without charge at each office or agency to be maintained by the Company for the purpose pursuant to Section 4.02, and upon delivery to the Trustee of all documents and certificates as required by this Indenture, the Trustee shall authenticate
and make available for delivery in exchange for such temporary Securities a like aggregate principal amount of definitive Securities of such series of authorized denominations, and if the Securities are guaranteed, having endorsed thereon the
Guarantees executed by each Guarantor. Until so exchanged the temporary Securities of such series shall be entitled to the same benefits under this Indenture as definitive Securities of such series. 

SECTION 3.12. CUSIP and ISIN Numbers. The Company in issuing the Securities of any series may use a “CUSIP” and
“ISIN” number (if then generally in use), and, if so, the Trustee shall use the CUSIP numbers or ISIN numbers, as the case may be, in notices of redemption or exchange as a convenience to Holders of such series; provided that any
such notice shall state that no representation is made as to the correctness of such numbers either as printed on the Securities or as contained in any notice of redemption or exchange and that reliance may be placed only on the other identification
numbers printed on the Securities and any such redemption shall not be affected by any defect in or omission of such numbers. The Company shall promptly notify the Trustee of any change in the CUSIP numbers or ISIN numbers. 

ARTICLE 4 

CERTAIN COVENANTS 
 SECTION 4.01. Payment of Principal, Premium and Interest on Securities. The Company, for the benefit of each series of the Securities, will duly and punctually pay or cause to be paid the
principal of and any premium and interest on the Securities of that series in accordance with the terms of such Securities and this Indenture. 
 SECTION 4.02. Maintenance of Office or Agency. The Company will maintain a Payment Office where Securities may be presented or surrendered for payment, where Securities may be surrendered for
registration of transfer or exchange, and where notices and demands to or upon the Company in respect of the Securities 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 Corporate Trust Office of the Trustee, and the Company hereby initially appoints the Trustee at its office or agency as its agent to receive all such presentations, surrenders, notices and demands. 

The Company may also from time to time designate one or more other offices or agencies where the Securities of one or more series may be
presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such 

  
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designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in accordance with the requirements set forth above for Securities of any
series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency. 

SECTION 4.03. Money for Securities Payments to be Held in Trust. (a) If the Company shall at any time act as its own
Paying Agent with respect to any series of Securities, it will, on or before each due date of the principal of or any premium or interest on any of the Securities of that series, segregate and hold in trust for the benefit of the Persons entitled
thereto a sum sufficient to pay the principal and any premium and interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of its action or failure so to
act. 
 (b) Whenever the Company shall have one or more Paying Agents for any series of Securities, it will, prior to each due
date of the principal of or any premium or interest on any Securities of that series, deposit with a Paying Agent a sum sufficient to pay such amount, such sum to be held as provided by the Trust Indenture Act, and (unless such Paying Agent is the
Trustee) the Company will promptly notify the Trustee of its action or failure so to act. 
 (c) The Company will cause each
Paying Agent for any series of Securities (other than the Trustee) to execute and deliver to the Trustee an instrument in which such Paying Agent will agree with the Trustee, subject to the provisions of this Section 4.03, that such Paying
Agent will (i) comply with the provisions of the Trust Indenture Act applicable to it as a Paying Agent; (ii) hold all sums held by it for the payment of the principal of (and premium, if any) or interest, if any, on the Securities of that
series in trust for the benefit of the Holders until such sums shall be paid to such Holders or otherwise disposed of as herein provided; (iii) give the Trustee notice of any Default by the Company or any Guarantor (or any other obligor upon
the Securities) in the making of any payment of principal (and premium, if any) or interest, if any, on the Securities of that series; and (iv) during the continuance of any Default by the Company (or any other obligor upon the Securities of
that series) in the making of any payment in respect of the Securities of that series, and upon the written request of that Trustee, forthwith pay to the Trustee all sums held in trust by such Paying Agent for payment in respect of the Securities of
that series. 
 (d) The Company may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture
or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, 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; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent will be released from all further liability with respect to such money. 

(e) Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of
or any premium or interest on any Security of any series and remaining unclaimed for two years after such principal, premium, or interest has become due and payable and was deposited with the Paying Agent will be paid to the Company upon a Company
Request (or, if then held by the Company, will be discharged from such trust); and the Holder of such Security will thereafter, as an unsecured general creditor, look 

  
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only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money will thereupon cease; provided, however, that the
Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published once, in a newspaper published in the English language, customarily published on each Business Day and of general
circulation in the Borough of Manhattan, The City of New York, notice that such money remains unclaimed and that, after a date specified therein, which will not be less than 30 calendar days from the date of such publication, any unclaimed balance
of such money then remaining will be repaid to the Company. 
 SECTION 4.04. Existence. Subject to Article 10,
the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its existence and rights (charter and statutory); provided, however, that the Company will not be required to preserve any such
right or franchise if the Board of Directors determines that the preservation thereof is no longer desirable in the conduct of the business of the Company and that the loss thereof will not be disadvantageous in any material respect to the Holders.

 SECTION 4.05. Statement by Officers as to Default. The Company and, to the extent required by the TIA, each
Guarantor, if any, will deliver to the Trustee, within 120 calendar days after the end of each fiscal year of the Company ending after the first date any series of Securities issued under this Indenture is outstanding, a certificate signed by the
principal executive officer, principal financial officer, principal accounting officer or treasurer of the Company or such Guarantor stating whether or not to the knowledge of such person after due inquiry the Company or such Guarantor is in default
in the performance and observance of any of the terms, provisions, and conditions of this Indenture (without regard to any period of grace or requirement of notice provided hereunder) and, if the Company or such Guarantor is in default, specifying
all such defaults and the nature and status thereof of which such person may have such knowledge. The Company or such Guarantor shall deliver to the Trustee, as soon as possible and in any event within five days after the Company or such Guarantor
becomes aware of the occurrence of any Event of Default or an event which, with notice or the lapse of time or both, would constitute an Event of Default, an Officers’ Certificate setting forth the details of such Event of Default or default
and the action which the Company or such Guarantor proposes to take with respect thereto. 
 SECTION 4.06. Waiver of
Certain Covenants. The Company and each Guarantor, if any, may omit in any particular instance to comply with any term, provision, or condition set forth in this Indenture or any applicable supplemental indenture, with respect to the Securities
of any series, if the Holders of a majority in Principal Amount of all outstanding Securities of such series shall, by act of such Holders in accordance with Section 7.01, either waive such compliance in such instance or generally waive
compliance with such term, provision, or condition in accordance with Article 9 and Section 5.07, but no such waiver will extend to or affect such term, provision or condition except to the extent so expressly waived, and, until such waiver
shall become effective, the obligations of the Company and such Guarantor and the duties of the Trustee in respect of any such term, provision, or condition will remain in full force and effect. 

  
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 ARTICLE 5 
 REMEDIES OF THE TRUSTEE AND HOLDERS ON EVENT OF DEFAULT 
 SECTION 5.01.
Events of Default. Each of the following events constitutes an “Event of Default” wherever used herein with respect to Securities of any series: 
 (a) default for 30 days in the payment when due of interest on the Securities of that series; 
 (b) default in payment when due of the principal (whether at Stated Maturity, upon redemption (if applicable), upon any required repurchase by the Company (if applicable) or otherwise) of or premium, if
any, on the Securities of that series; 
 (c) default by the Company or any Guarantor of such series of Securities in the
observance or performance of any other covenant or agreement contained in this Indenture which default continues for a period of 60 days after the Company or such Guarantor receives written notice specifying the default (and demanding that such
default be remedied) from the Trustee or the Holders of at least 25% of the Principal Amount of Securities of that series then outstanding (with a copy to the Trustee if given by Holders) (except in the case of a default with respect to
Section 10.01 of this Indenture, which will constitute an Event of Default with such notice requirement but without such passage of time requirement). 
 (d) the entry by a court having jurisdiction in the premises of (i) a decree or order for relief in respect of the Company or a Guarantor of such series of Securities in an involuntary case or
proceeding under any applicable federal or state bankruptcy, insolvency, reorganization, or other similar law or (ii) a decree or order adjudging the Company or such Guarantor bankrupt or insolvent, or approving as properly filed a petition
seeking reorganization, arrangement, adjustment, or composition of or in respect of the Company or such Guarantor under any applicable federal or state law, or appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator, or other
similar official of the Company or such Guarantor or of any substantial part of its property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order for relief or any such other decree or order
unstayed and in effect for a period of 60 consecutive calendar days; 
 (e) the commencement by the Company or a Guarantor of
such series of Securities of a voluntary case or proceeding under any applicable federal or state bankruptcy, insolvency, reorganization, or other similar law or of any other case or proceeding to be adjudicated bankrupt or insolvent, or the consent
by it to the entry of a decree or order for relief in respect of the Company or such Guarantor in an involuntary case or proceeding under any applicable federal or state bankruptcy, insolvency, reorganization, or other similar law or to the
commencement of any bankruptcy or insolvency case or proceeding against it, or the filing by it of a petition or answer or consent seeking reorganization or relief with respect to the Company or such Guarantor under any applicable federal or state
bankruptcy, insolvency, reorganization, or other similar law, or the consent by it to the filing of such petition or to the appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator, or other similar
official of the Company or such Guarantor or of any substantial part of its property pursuant to any such law, or 

  
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the making by it of an assignment for the benefit of creditors, or the admission by it in writing of its inability to pay its debts generally as they become due, or the taking of corporate action
by the Company or such Guarantor in furtherance of any such action; 
 (f) any Guarantee relating to such series Securities
shall cease to be in full force and effect (other than in accordance with the terms of this Indenture) or any Guarantor denies or disaffirms its obligations under its Guarantee; or 

(g) any other Event of Default with respect to Securities of that series as provided in the applicable supplemental indenture.

 Notwithstanding the foregoing, for the first 150 days immediately following the occurrence of an Event of Default resulting
from the Company’s failure to comply with any obligations the Company may be deemed to have pursuant to section 314(a)(1) of the Trust Indenture Act (which relates to the requirement that the Company furnish to the Trustee its annual reports
and other information presently filed by the Company under the Exchange Act) or as set forth Section 15.04, the sole remedy for any such Event of Default shall be the accrual of additional interest on the Securities then outstanding at a rate
per year equal to 0.50% of the outstanding Principal Amount of the Securities, payable semi-annually at the same time and in the same manner as regular interest on the Securities. In no event shall additional interest accrue at a rate per year in
excess of 0.50% pursuant to the Indenture, regardless of the number of events or circumstances giving rise to the requirement to pay such additional interest. In addition to the accrual of such additional interest, on and after the 150th day
immediately following the occurrence of an Event of Default resulting from the Company’s failure to comply with any obligations the Company may be deemed to have pursuant to section 314(a)(1) of the Trust Indenture Act or as set forth in
Section 15.04, the Securities will be subject to acceleration as provided in Section 5.02. 
 SECTION 5.02.
Acceleration. (a) If any Event of Default (other than an Event of Default specified in clause (d) or (e) of Section 5.01 hereof) occurs and is continuing with respect to Securities of any series, the Trustee by written
notice to the Company or the Holders of at least 25% in aggregate Principal Amount of the then outstanding Securities of that series by written notice to the Company and the Trustee, may declare the unpaid principal of, premium, if any, and any
accrued and unpaid interest on all the Securities of the affected series to be due and payable immediately. Except as set forth above, upon such declaration the principal of, premium, if any, and interest shall be due and payable immediately. If an
Event of Default specified in clause (d) or (e) of Section 5.01 hereof occurs with respect to the Company or any Guarantor, the unpaid principal of, premium, if any, and any accrued and unpaid interest on all the Securities shall ipso
facto become and be immediately due and payable without further action or notice on the part of the Trustee or any Holder. 

(b) At any time after such a declaration of acceleration with respect to the Securities of any series has been made and before a judgment
or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article 5 provided, the Holders of a majority in Principal Amount of the outstanding Securities of such series, by written notice to the Company and
the Trustee, may rescind and annul such declaration and its consequences if (i) the Company or a Guarantor has paid or deposited with the Trustee a sum sufficient to pay (A) all 

  
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overdue interest on all of the Securities of that series, (B) the principal of (and premium, if any, on) Securities of that series which has become due otherwise than by such declaration of
acceleration and any interest thereon at the rate or rates prescribed therefor in the Securities of that series, (C) to the extent that payment of such interest is lawful, interest upon overdue interest at the rate or rates prescribed therefor
in the Securities of that series, and (D) all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee and its agents and counsel and (ii) all Events of Default
with respect to the Securities of that series, other than the non-payment of the principal of the Securities of that series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 5.04.
No such rescission will affect any subsequent default or impair any right consequent thereon. 
 SECTION 5.03. Other
Remedies. If an Event of Default with respect to Securities of any series occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of principal or interest on the Securities of such series or to enforce the
performance of any provision of the Securities of such series or this Indenture. 
 The Trustee may maintain a proceeding even
if it does not possess any of the Securities of such series or does not produce any of them in the proceeding and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of
judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such
judgment has been recovered. A delay or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default.
All remedies are cumulative to the extent permitted by law. 
 SECTION 5.04. Waiver of Past Defaults. The Holders of
not less than a majority in aggregate Principal Amount of the Securities of any series then outstanding by written notice to the Trustee may on behalf of the Holders of all of the Securities of such series waive any existing Default or Event of
Default and its consequences under this Indenture except a continuing Default or Event of Default in the payment of the principal (whether at Stated Maturity, upon redemption (if applicable), upon any required repurchase by the Company (if
applicable) or otherwise) of (and premium, if any) or interest, if any, on any Security of such series or, in the case of the Securities of any series that are convertible or exchangeable, in the payment or delivery of any consideration due upon
conversion or exchange of the Securities of that series (if applicable). The Company may, but shall not be obligated to, fix a record date for the purpose of determining the Persons entitled to waive any past Default hereunder. If a record date is
fixed, the Holders on such record date, or their duly designated proxies, and only such Persons, shall be entitled to waive any Default hereunder, whether or not such Holders remain Holders after such record date. Upon any such waiver, such Default
shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon.

 SECTION 5.05. Control by Majority. With respect to the Securities of any series, the Holders of a majority in
aggregate Principal Amount of the then outstanding Securities of 

  
 25 

 
that series may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may
refuse to follow any direction that conflicts with law or this Indenture, that the Trustee in good faith determines may be unduly prejudicial to the rights of other Holders of that series or that may involve or cause the Trustee any potential
liability. The Trustee may take any other action which it deems proper which is not inconsistent with any such direction. 

SECTION 5.06. Limitation on Suits. A Holder of any Security of any series may pursue a remedy with respect to this Indenture
or the Securities of the applicable series only if: 
 (a) the Holder gives to the Trustee written notice of a continuing Event
of Default; 
 (b) the Holders of at least 25% in aggregate Principal Amount of the then outstanding Securities of that series
make a written request to the Trustee to pursue the remedy; 
 (c) such Holder or Holders provide to the Trustee indemnity
satisfactory to the Trustee against any loss, liability or expense in connection with the pursuance of such remedy; 
 (d)
during the 60-day period specified in (e) below, the Holders of a majority in aggregate Principal Amount of the then outstanding Securities of such series do not give the Trustee a direction inconsistent with the request; and 

(e) the Trustee does not comply with the request within 60 days after receipt of the notice, request and the offer of indemnity.

 Holders shall not have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture or
any Security to affect, disturb or prejudice the rights of any other such Holders or Holders of Securities of any other series, or to obtain or to seek to obtain priority or preference over any other Holders or to enforce any right under this
Indenture, except in the manner herein provided and for the equal and ratable benefit of all such Holders. 
 SECTION 5.07.
Rights of Holders to Receive Payment. Notwithstanding any other provision of this Indenture, the right of any Holder to receive payment of principal (whether at Stated Maturity, upon redemption (if applicable), upon any required repurchase by
the Company (if applicable) or otherwise) of (and premium, if any) and interest, if any, on any Security or, if applicable, payment or delivery of any consideration due upon conversion or exchange of any Security, in each case, on or after the
respective due dates expressed in such Security, or to bring suit for the enforcement of any such payment or delivery on or after such respective dates, shall not be impaired or affected without the consent of the Holder. 

SECTION 5.08. Collection Suit by Trustee. If an Event of Default specified in Section 5.01 hereof occurs and is
continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against the Company, any Guarantor or any other obligor for the whole amount of principal (and premium, if any) and interest, if any,
remaining unpaid on any Securities of such series and interest on overdue principal and, to the extent lawful, interest and such further amount as shall be sufficient to cover amounts due the Trustee under Section 6.07 hereof, including the
costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 

  
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 SECTION 5.09. Trustee May File Proofs of Claim. The Trustee is authorized to
file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents
and counsel) and the Holders allowed in any judicial proceedings relative to the Company or any Guarantor (or any other obligor upon the Securities), its creditors or its property and shall be entitled and empowered to collect, receive and
distribute any money or other property payable or deliverable on any such claims and any custodian in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee, and in the event that the Trustee shall
consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the
Trustee under Section 6.07 hereof. To the extent that the payment of any such compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 6.07 hereof out of
the estate in any such proceeding, shall be denied for any reason, payment of the same shall be secured by a lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other properties which the Holders may be
entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf
of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Securities of any series or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder in any such
proceeding. 
 SECTION 5.10. Priorities. If the Trustee collects any money pursuant to this Article, it shall pay
out the money in the following order: 
 First: to the Trustee, its agents and attorneys for amounts due under
Section 6.07, including payment of all compensation, expense and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; 
 Second: to Holders for amounts due and unpaid on the Securities of any series for principal (and premium, if any) and interest, if any, ratably, without preference or priority of any kind, according to
the amounts due and payable on the Securities of such series for principal (and premium, if any) and interest, if any, respectively; and 
 Third: to the Company or, to the extent the Trustee collects any amount pursuant to Section 2.02 hereof from a Guarantor, to such Guarantor, or to such party as a court of competent jurisdiction
shall direct. 
 The Trustee may fix a record date and payment date for any payment to Holders pursuant to this
Section 5.10 upon five Business Days prior notice to the Company. 
 SECTION 5.11. Undertaking for Costs. In
any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted 

  
 27 

 
by it as a Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess
reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section does not apply to a
suit by the Trustee, a suit by a Holder of Securities of the affected series pursuant to Section 5.07 hereof, a suit by Holders of more than 10% in aggregate Principal Amount of the then outstanding Securities of any series in the case of any
suit relating to or arising under clause (a), (b), (c) or (f) of Section 5.01, or a suit by Holders of more than 10% in aggregate Principal Amount of the then all outstanding Securities in the case of any suit relating to or arising
under clause (d) or (e) of Section 5.01. 
 SECTION 5.12. Restoration of Rights and Remedies. If the
Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then
and in every such case, subject to any determination in such proceeding, the Company, any Guarantor, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies
of the Trustee and the Holders shall continue as though no such proceeding has been instituted. 
 SECTION 5.13. Rights
and Remedies Cumulative. Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in the last paragraph of Section 3.09, no right or remedy herein conferred upon or reserved
to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or
hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

SECTION 5.14. Delay or Omission Not Waiver. No delay or omission of the Trustee or of any Holder of Securities of any series
to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the
Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 
 ARTICLE 6 
 THE TRUSTEE 

SECTION 6.01. Duties and Responsibilities of the Trustee; During Default; Prior to Default. The Trustee, with respect to the
Securities of any series, prior to the occurrence of an Event of Default with respect to the Securities of such series and after the curing or waiving of all Events of Default with respect to the Securities of such series which may have occurred,
undertakes to perform such duties and only such duties with respect to such series as are specifically set forth in this Indenture. In case an Event of Default with respect to the Securities of a series has occurred (and is continuing which has not
been cured or waived) the Trustee shall 

  
 28 

 
exercise such of the rights and powers vested in it by this Indenture with respect to such series, and use the same degree of care and skill in their exercise, as a prudent person would exercise
or use under the circumstances in the conduct of such person’s 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 or its own willful misconduct, provided that: 
 (a) the duties and obligations of the Trustee 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 as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee; 
 (b) 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 statements,
certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such statements, 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 any calculation or facts stated therein); 

(c) the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer or Responsible Officers of the
Trustee, unless it shall be conclusively determined by a court of competent jurisdiction or by such other means as may be agreed by the Company and the Trustee at the time of determination that the Trustee was negligent in ascertaining the pertinent
facts; and 
 (d) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in
accordance with a Company Order or the direction of the Holders given as provided in Section 5.05 or otherwise exercising any trust or power conferred upon the Trustee, under this Indenture. 

None of the provisions contained in this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any
potential or actual liability (financial or otherwise) in the performance of any of its duties or in the exercise of any of its rights or powers, if there shall be reasonable ground for believing that the repayment of such funds or adequate
indemnity against such liability is not assured to it. This Section 6.01 is in furtherance of and subject to Sections 315 and 316 of the Trust Indenture Act. 
 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 Article 6. 
 SECTION 6.02. Certain Rights of the Trustee. In furtherance of and subject to
the Trust Indenture Act, and subject to Section 6.01: 
 (a) the Trustee may conclusively rely and shall be protected in
acting or refraining from acting upon any resolution, Officers’ Certificate, Opinion of Counsel or any other certificate, statement, instrument, opinion, report, notice, request, consent, order, bond, debenture, note, coupon, security or other
paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties; 

  
 29 

 (b) any request, direction, order or demand of the Company mentioned herein shall be
sufficiently evidenced by an Officers’ Certificate (unless other evidence in respect thereof be herein specifically prescribed) and the Trustee may request and be entitled to receive an Officers’ Certificate before acting or refraining
from acting with respect to such request, direction, order or demand; 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) the Trustee may consult with counsel of its selection and any advice or Opinion of Counsel shall be full and complete authorization
and protection in respect of any action taken, suffered or omitted to be taken by it hereunder in good faith and in accordance with such advice or Opinion of Counsel; 
 (d) 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 the Securities of any series
pursuant to the provisions of this Indenture, unless such Holders shall have offered and provided to the Trustee security or indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred therein or thereby;

 (e) the Trustee shall not be liable for any action taken or omitted by it in good faith and believed by it to be authorized
or within the discretion, rights or powers conferred upon it by this Indenture; 
 (f) the Trustee shall not be bound to make
any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, appraisal, bond, debenture, note, coupon, security, or other paper or document
unless requested in writing so to do by the Holders of not less than a majority in aggregate Principal Amount of the Securities of any series then outstanding; provided that, if the payment within a reasonable time to the Trustee of the
costs, expenses or liabilities likely to be incurred by it in the making of such investigation is, in the opinion of the Trustee, not assured to the Trustee by the security afforded to it by the terms of this Indenture, the Trustee may require (and
shall not be required to make such investigation unless it receives) indemnity satisfactory to it against such expenses or liabilities as a condition to proceeding; the reasonable expenses of every such examination shall be paid by the Company;

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

(h) the rights, privileges, protections, immunities and benefits given to the Trustee under this Indenture, including, without
limitation, its right to be indemnified, are extended to, 

  
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and shall be enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and other Person employed to act hereunder and the employees, officers and directors of
the Trustee; 
 (i) the Trustee shall not be deemed to have knowledge of any Default or Event of Default unless a Responsible
Officer of the Trustee has received from a Holder, the Company or any Guarantor written notice of any event which is in fact such a Default or Event of Default, as the case may be, and such notice references the Securities, this Indenture, the
circumstances giving rise to such a Default or Event of Default and that the same has occurred and is continuing; and 
 (j) The
Trustee may request that the Company deliver an Officers’ Certificate setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’
Certificate may be signed by any person authorized to sign an Officers’ Certificate, including any person specified as so authorized in any such certificate previously delivered and not superceded. 

(k) The Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the
Company, any Guarantor or their respective affiliates with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest it must eliminate such conflict within 90 days, apply to the
Commission for permission to continue as trustee or resign. 
 SECTION 6.03. Trustee Not Responsible for Recitals,
Disposition of Securities or Application of Proceeds Thereof. The recitals contained herein and in the Securities, except the Trustee’s certificates 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 representation as to the validity or sufficiency of this Indenture or of the Securities, except that the Trustee represents, that it is duly authorized to execute and deliver
this Indenture, authenticate the Securities and perform its obligations hereunder and that the statements made by it in a Statement of Eligibility on Form T-1 supplied to the Company, are true and accurate, subject to the qualifications set forth
therein. The Trustee shall not be liable or accountable in any manner for the use or application by the Company of any of the Securities or of the proceeds thereof. 
 SECTION 6.04. Trustee and Agents May Hold Securities; Collections, Etc. The Trustee or any of its affiliates or any agent of the Company or the Trustee, in its individual or any other
capacity, may become the owner or pledgee of Securities, subject to Sections 6.10 and 6.13 with the same rights it would have if it were not the Trustee or such agent and may otherwise deal with the Company or any Guarantor and receive,
collect, hold and retain collections from the Company with the same rights it would have if it were not the Trustee or such agent. 
 SECTION 6.05. Moneys Held by Trustee. All moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but
need not be segregated from other funds except to the extent required by mandatory provisions of law. Neither the Trustee nor any agent of the Company or the Trustee shall be under any liability for interest on any moneys received by it hereunder,
except as otherwise agreed with the Company. 

  
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 SECTION 6.06. Notice of Default. If any Default or any Event of Default occurs
and is continuing with respect to the Securities of any series and if such Default or Event of Default is actually known to a Responsible Officer of the Trustee, the Trustee shall mail to each Holder of Securities of such series in the manner and to
the extent provided in Trust Indenture Act Section 313(c) notice of the Default or Event of Default (“Notice of Default”) within 90 days after it occurs, unless such Default or Event of Default has been cured; provided,
however, that, except in the case of a default in the payment of the principal (whether at Stated Maturity, upon redemption (if applicable), upon any required repurchase by the Company (if applicable) or otherwise) of, or interest or premium,
if any, on any Security of such series, in the payment or delivery of any consideration due upon conversion or exchange of any Security of such series (if applicable) or in the payment of any sinking fund installment with respect to Securities of
such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Trustee in good faith determine that the
withholding of such notice is in the interest of the Holders of Securities of such series. 
 SECTION 6.07. Compensation
and Indemnification of Trustee and Its Prior Claim. The Company covenants and agrees to pay to the Trustee from time to time, and the Trustee shall be entitled to, such compensation as shall be agreed in writing between the Company and the
Trustee (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) and the Company covenants and agrees to pay or reimburse the Trustee and each predecessor Trustee upon its request for all
reasonable expenses, disbursements and advances incurred or made by or on behalf of it in accordance with any of the provisions of this Indenture (including the reasonable compensation and the expenses and disbursements of its counsel and of all
agents and other persons not regularly in its employ) except any such expense, disbursement or advance as may arise from its negligence or bad faith (as determined by a court of competent jurisdiction in a final, non-appealable decision or by such
other means as may be agreed by the Company and the Trustee at the time of determination). The Company also covenants to indemnify the Trustee and each predecessor Trustee for, and to hold it harmless against, any and all loss, liability, damage,
claim or expense, including taxes (other than taxes based on the income of the Trustee) incurred without negligence or bad faith on its part (as determined by a court of competent jurisdiction in a final, non-appealable decision or by such other
means as may be agreed by the Company and the Trustee at the time of determination), arising out of or in connection with the acceptance or administration of this Indenture or the trusts hereunder and its duties hereunder, including without
limitation the costs and expenses of defending itself against or investigating any claim (whether asserted by the Company, a Holder or any other Person). The obligations of the Company under this Section to compensate and indemnify the Trustee and
each predecessor Trustee and to pay or reimburse the Trustee and each predecessor Trustee for expenses, disbursements and advances shall constitute additional indebtedness hereunder and shall survive the satisfaction and discharge of this Indenture.
Such financial obligations of the Company identified in this Section shall be a senior claim to that of the Securities of each series, and as security for such obligations, the Trustee shall have a lien prior to such Securities, upon all property
and funds held or collected by the Trustee as such, except funds held in trust for the benefit of the Holders of particular Securities, and the Securities of each series are hereby subordinated to such senior claim. Such lien shall survive the
discharge and satisfaction of this Indenture. 

  
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 When the Trustee incurs expenses or renders services in connection with an Event of Default
specified in Section 5.01(d) or Section 5.01(e), the expenses (including the reasonable charges and expenses of its counsel) and the compensation for the services are intended to constitute expenses of administration under any applicable
federal or state bankruptcy, insolvency or other similar law. 
 SECTION 6.08. Right of Trustee to Rely on
Officers’ Certificate, Etc. Subject to Sections 6.01 and 6.02, whenever in the administration of the trusts 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 6.09. Persons Eligible for Appointment as
Trustee. The Trustee hereunder shall at all times be a corporation, national association or other appropriate entity having a combined capital and surplus of at least $100,000,000, and which is eligible in accordance with the provisions of
Section 310(a) of the Trust Indenture Act. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of a federal, state or District of Columbia supervising or examining authority, then for the
purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. 

SECTION 6.10. Resignation and Removal; Appointment of Successor Trustee. (a) The Trustee may at any time resign with
respect to the Securities of one or more series by giving written notice of resignation to the Company and to the Holders of Securities of such series, such notice to the Holders to be given by mailing (by first class mail) the same within
30 days after such notice is given to the Company. Upon receiving such notice of resignation, the Company shall promptly appoint a successor trustee by written instrument in duplicate, executed by authority of the Board of Directors of the
Company, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee shall have been so appointed and have accepted appointment within 30 days after the mailing of such
notice of resignation, the resigning trustee may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor trustee, or any Securityholder of the affected series who has been a bona fide holder of
a Security or Securities of the affected series for at least six months (or since the first date of the issuance for such Security or Securities, if the holding period is less than six months) may, on behalf of himself and all others similarly
situated, petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, appoint a successor trustee. 

(b) In case at any time any of the following shall occur: 

 

	 	(i)	the Trustee shall fail to comply with the provisions of Section 310(b) of the Trust Indenture Act, after written request therefor by the Company or by any
Securityholder who has been a bona fide holder of a Security or Securities for at least six months; or 

  
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	 	(ii)	the Trustee shall cease to be eligible in accordance with the provisions of Section 6.09 and shall fail to resign after written request therefor by the Company or
by any such Securityholder; or 

  

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

 then, in any such case, the Company may remove the Trustee and appoint a successor trustee by written instrument, in duplicate, executed by authority of the Board of Directors of the Company, one copy of
which instrument shall be delivered to the Trustee so removed and one copy to the successor trustee, or, subject to Section 315(e) of the Trust Indenture Act, any Securityholder who has been a bona fide holder of a Security or Securities for at
least six months may on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee. Such court may thereupon, after such notice, if any,
as it may deem proper and prescribe, remove the Trustee and appoint a successor trustee. 
 (c) The Holders of a majority in
aggregate Principal Amount of the Securities of any series at the time outstanding may at any time remove the Trustee for that series and appoint a successor trustee by delivering to the Trustee so removed, to the successor trustee so appointed and
to the Company and any Guarantor the evidence provided for in Section 7.01 of the action in that regard taken by the Securityholders. 
 If no successor trustee shall have been so appointed and have accepted appointment 30 days after the mailing of such notice of removal, the Trustee being removed may petition, at the expense of the
Company, any court of competent jurisdiction for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, appoint a successor trustee. 

(d) Any resignation or removal of the Trustee and any appointment of a successor trustee pursuant to any of the provisions of this
Section 6.10 shall become effective upon acceptance of appointment by the successor trustee as provided in Section 6.11. 
 (e) The Company shall give notice of each resignation and each removal of the Trustee with respect to the Securities of any series and each appointment of a successor Trustee with respect to the
Securities of any series by mailing written notice of such event by first-class mail, postage prepaid, to all Holders of Securities of such series as their names and addresses appear in the Security Register. Each notice shall include the name of
the successor Trustee with respect to the Securities of such series and the address of its Corporate Trust Office. 

  
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 SECTION 6.11. Acceptance of Appointment by Successor. (a) In case of the
appointment hereunder of a successor Trustee with respect to all Securities, every such successor Trustee so appointed shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and
thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee;
but, on the request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its fees, costs, expenses and other charges, execute and deliver an instrument transferring to such successor Trustee all the rights, powers
and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder. 
 (b) In case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all) series, the Company, any applicable Guarantor, the retiring Trustee and each
successor Trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which (1) shall contain such provisions as shall
be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such
successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the
retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture
as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same
trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee; and upon the execution and delivery of such supplemental indenture the
resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of
the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates; but, on request of the Company or any successor Trustee, such retiring Trustee shall upon payment of its fees,
costs, expenses and other charges duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such
successor Trustee relates. 
 (c) Upon request of any such successor Trustee, the Company and any applicable Guarantor shall
execute any and all instruments for more fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in paragraph (a) or (b) of this Section, as the case may be. 

(d) No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and
eligible under the Trust Indenture Act. 

  
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 SECTION 6.12. Merger, Conversion, Consolidation or Succession to Business of
Trustee. Any corporation or national association into which the Trustee may be merged or converted or with which it may be consolidated, or to which the Trustee’s assets may be sold, or any corporation or national association resulting from
any merger, conversion, consolidation or sale to which the Trustee shall be a party or by which the Trustee’s property may be bound, or any corporation or national association succeeding to all or substantially all the corporate trust business
of the Trustee, shall be the successor of the Trustee hereunder, provided that such entity shall be eligible under the provisions of Section 6.09, without the execution or filing of any paper or any further act on the part of any of the
parties hereto, anything herein to the contrary notwithstanding. 
 In case at the time such successor to the Trustee shall
succeed to the trusts created by this Indenture any of the 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
Securities so authenticated; and, in case at that time any of the Securities shall not have been authenticated, any successor to the Trustee may authenticate such Securities either in the name of any predecessor hereunder or in the name of the
successor Trustee; and in all such cases such certificate shall have the full force that it is anywhere in the Securities or in this Indenture provided that the certificate of the Trustee shall have; provided that the right to adopt the
certificate of authentication of any predecessor Trustee or to authenticate Securities in the name of any predecessor Trustee shall apply only to its successor or successors by merger, conversion or consolidation. 

SECTION 6.13. Preferential Collection of Claims. If the Trustee shall be or shall become a creditor, directly or indirectly,
secured or unsecured, of the Company (or any other obligor on the Securities), the Trustee shall be subject to the provisions of Section 311 of the Trust Indenture Act regarding the collection of claims against the Company (or any such other
obligor). For purposes of Section 311(b) (4) and (6) of such Act, the following terms shall mean: 
 (a)
“cash transaction” means any transaction in which full payment for goods or securities sold is made within seven days after delivery of the goods or securities in currency or in checks or other orders drawn upon banks or bankers and
payable upon demand; and 
 (b) “self-liquidating paper” means any draft, bill of exchange, acceptance or obligation
which is made, drawn, negotiated or incurred by the Company for the purpose of financing the purchase, processing, manufacturing, shipment, storage or sale of goods, wares or merchandise and which is secured by documents evidencing title to,
possession of, or a lien upon, the goods, wares or merchandise or the receivables or proceeds arising from the sale of the goods, wares or merchandise previously constituting the security, provided the security is received by the Trustee
simultaneously with the creation of the creditor relationship with the Company arising from the making, drawing, negotiating or incurring of the draft, bill of exchange, acceptance or obligation. 

SECTION 6.14. Communications with the Trustee. Any and all notices, certificates, opinions or filings with the Commission
required or permitted to be provided by the Company to the Trustee under this Indenture shall be in writing and shall be personally delivered, sent via an internationally recognized overnight delivery service or sent by facsimile or electronic
transmission to the address or telecopy number of the Corporate Trust Office. 

  
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 SECTION 6.15. Conflict of Interest. Notwithstanding anything in this Indenture
to the contrary, the Company and the Trustee acknowledge that Union Bank, N.A. is acting as trustee both under this Indenture and under the Company’s Indenture dated as of
[            ], 20[  ] with respect to Senior Debt and upon a Default or an Event of Default under either or both indentures, a conflict of interest may arise which would require
the Trustee to resign as Trustee from either or both indentures. 
 SECTION 6.16. Paying Agent/Registrar. If the
Trustee is acting as Paying Agent and/or Registrar hereunder, the rights and protections afforded to the Trustee under this Article 6 will also be afforded to the Paying Agent and/or the Registrar. 

ARTICLE 7 

CONCERNING THE HOLDERS 
 SECTION 7.01. Evidence of Action Taken by Holders. Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by
Securityholders of any series may be embodied in and evidenced (a) by one or more instruments of substantially similar tenor signed by such Securityholders in person or by agent duly appointed in writing, (b) by the record of the Holders
of Securities of such series voting in favor thereof at any meeting of Securityholders duly called and held in accordance with the provisions of Article 8, or (c) by a combination of such instrument or instruments and any such record of
such a meeting of Securityholders; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company and
each Guarantor, if any. Proof of execution of any instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and (subject to Sections 6.01 and 6.02) conclusive in favor of the Trustee, the Company
and each Guarantor, if any, if made in the manner provided in this Article. 
 SECTION 7.02. Proof of Execution of
Instruments and of Holding of Securities; Record Date. Subject to Sections 6.01 and 6.02, the execution of any instrument by a Securityholder or his agent or proxy may be proved 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 holding of Securities shall be proved by the Security Register or by a certificate of the Registrar thereof. The Company may set a record date for
purposes of determining the identity of Holders of Securities entitled to vote or consent to any action referred to in Section 7.01, which record date may be set at any time or from time to time by notice to the Trustee, for any date or dates
(in the case of any adjournment or resolicitation) not more than 90 days nor less than 20 days prior to the proposed date of such vote or consent, and thereafter, notwithstanding any other provisions hereof, only Holders of Securities of
record on such record date shall be entitled to so vote or give such consent or to withdraw such vote or consent. 

  
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 SECTION 7.03. Who May Be Deemed Owners of Securities. The Company, each
Guarantor, if any, the Trustee, any Paying Agent and any Registrar may deem and treat the person in whose name any Security of any series shall be registered in the Security Register on the applicable record date as the absolute owner of such
Security (whether or not such 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 interest, if any, on
such Security and for all other purposes; and none of the Company, any Guarantor, the Trustee, any Paying Agent or any Registrar shall be affected by any notice to the contrary. All such payments so made to, or upon the order of, any Holders shall
be valid, and, to the extent of the sum or sums so paid, effectual to satisfy and discharge the liability of moneys payable upon any such Security. 
 SECTION 7.04. Securities Owned by Company Deemed Not Outstanding. In determining whether the Holders of the requisite aggregate Principal Amount of Securities of any series have concurred in
any direction, consent or waiver under this Indenture, Securities of such series which are owned by the Company, any Guarantor with respect to such series or any other obligor on the Securities of such series or by any person directly or indirectly
controlling or controlled by or under direct or indirect common control with the Company, any such Guarantor or any other obligor on the Securities of such series shall be disregarded and deemed not to be outstanding for the purpose of any such
determination, except that for the purpose of determining whether the Trustee shall be protected in relying on any such direction, consent or waiver only Securities which a Responsible Officer of the Trustee actually knows are so owned shall be so
disregarded. 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 Securities and that the
pledgee is not the Company, any Guarantor or any other obligor upon the Securities or any person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company, any Guarantor or any other obligor on
the Securities. In case of a dispute as to such right, the advice of counsel shall be full protection in respect of any decision made by the Trustee in accordance with such advice. Upon request of the Trustee, the Company shall furnish to the
Trustee promptly an Officers’ Certificate listing and identifying all Securities of any series, if any, known by the Company to be owned or held by or for the account of any of the above-described persons; and, subject to Sections 6.01 and
6.02, the Trustee shall be entitled to accept such Officers’ Certificate as conclusive evidence of the facts therein set forth and of the fact that all Securities of such series not listed therein are outstanding for the purpose of any such
determination. 
 SECTION 7.05. Record Date for Action by Securityholders. Whenever in this Indenture it is provided
that Holders of a specified percentage in aggregate principal amount of the Securities of any series may take 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), other than any action taken at a meeting of Securityholders of such series called pursuant to Article 8, the Company, pursuant to a resolution of its Board of Directors, or the Holders of at least ten percent in aggregate
principal amount of the Securities of such series then outstanding, may request the Trustee to fix a record date for determining Securityholders entitled to notice of and to take any such action. In case the Company or the Holders of Securities of
such series in the amount above specified shall desire to request Securityholders of such series to take any action and shall request the Trustee to fix a record date with respect thereto by written notice setting

  
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forth in reasonable detail the Securityholder action to be requested, the Trustee shall promptly (but in any event within five Business Days of receipt of such request) fix a record date that
shall be a Business Day not less than 15 nor more than 20 days after the date on which the Trustee receives such request. If the Trustee shall fail to fix a record date as hereinabove provided, then the Company or the Holders of Securities of
such series in the amount above specified may fix the same by mailing written notice thereof (the record date so fixed to be a Business Day not less than 15 nor more than 20 days after the date on which such written notice shall be given) to
the Trustee. If a record date is fixed according to this Section 7.05, only persons shown as Securityholders of such series on the registration books for the Company at the close of business on the record date so fixed shall be entitled to take
the requested action and the taking of such action by the Holders of Securities of such series on the record date of the required percentage of the aggregate Principal Amount of the Securities shall be binding on all Securityholders of such series,
provided that the taking of the requested action by the Holders of Securities of such series on the record date of the percentage in aggregate Principal Amount of the Securities in connection with such action shall have been evidenced to the
Trustee, as provided in Section 7.01, not later than 180 days after such record date. 
 SECTION 7.06. Right of
Revocation of Action Taken. At any time prior to (but not after) the evidencing to the Trustee, as provided in Section 7.01, of the taking of any action by the Holders of the percentage in aggregate Principal Amount of the Securities of any
series specified in this Indenture in connection with such action, any Holder of a Security the serial number of which is shown by the evidence to be included among the serial numbers of the Securities of the series the Holders of which have
consented to such action may, by filing written notice at the Corporate Trust Office and upon proof of holding as provided in this Article, revoke such action so far as concerns such Security. Except as aforesaid any such action taken by the Holder
of any Security shall be conclusive and binding upon such Holder and upon all future holders and owners of such Security and of any Securities issued in exchange or substitution therefor, irrespective of whether or not any notation in regard thereto
is made upon any such Security. Any action taken by the Holders of the percentage in aggregate Principal Amount of the Securities of any series specified in this Indenture in connection with such action shall be conclusively binding upon the
Company, each Guarantor with respect to such series, if any, the Trustee and the Holders of all the Securities of such series. 

ARTICLE 8 

SECURITYHOLDERS’ MEETINGS 
 SECTION 8.01. Purposes for Which Meeting May Be Called. A meeting of Holders of Securities of any series may be called at any time and from time to time pursuant to the provisions of this
Article 8 for any of the following purposes: 
 (a) to give any notice to the Company, any Guarantor or to the Trustee, or
to give any directions to the Trustee, or to consent to the waiving of any Default or Event of Default with respect to the Securities of such series hereunder and its consequences, or take any other action authorized to be taken by Securityholders
of such series pursuant to any of the provisions of Article 5; 

  
 39 

 (b) to remove the Trustee and appoint a successor trustee with respect to the Securities of
such series pursuant to the provisions of Article 6; 
 (c) to consent to the execution of an indenture or indentures
supplemental hereto pursuant to the provisions of Section 9.02; or 
 (d) to take any other action authorized to be taken
by or on behalf of the Holders of the percentage in aggregate Principal Amount of the Securities of such series under any other provisions of this Indenture or under applicable law. 

SECTION 8.02. Manner of Calling Meetings; Record Date. The Trustee may at any time call a meeting of Securityholders of any
series to take any action specified in Section 8.01, to be held at such time and at such place in The City of New York, New York, or as the Trustee shall determine. Notice of every meeting of Securityholders of any series setting forth the time
and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall be mailed not less than 30 nor more than 60 days prior to the date fixed for the meeting to such Securityholders at their registered addresses.
For the purpose of determining Securityholders entitled to notice of any meeting of Securityholders, the Trustee shall fix in advance a date as the record date for such determination, such date to be a business day not more than 10 days prior to the
date of the mailing of such notice as hereinabove provided. Only persons in whose name a Security of such series is registered upon the books of the Company on a record date fixed by the Trustee as aforesaid, or by the Company or the Securityholders
as in Section 8.03 provided, shall be entitled to notice of the meeting of Securityholders with respect to which such record date was so fixed. 
 SECTION 8.03. Call of Meeting by Company or Securityholders. In case at any time the Company or a Guarantor, if any, pursuant to a resolution of its Board of Directors, or the Holders of at
least 10 percent in aggregate principal amount of the Securities of any series then outstanding, shall have requested the Trustee to call a meeting of the Securityholders of such series to take any action authorized in Section 8.01 by written
request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have mailed notice of such meeting within 20 days after receipt of such request, then the Company, any such Guarantor or the Holders
of Securities of such series in the amount above specified may fix the record date with respect to, and determine the time and the place for, such meeting and may call such meeting to take any action authorized in Section 8.01, by mailing
notice thereof as provided in Section 8.02. The record date fixed as provided in the preceding sentence shall be set forth in a written notice to the Trustee and shall be a business day not less than 15 nor more than 20 days after the date
on which such notice is sent to the Trustee. 
 SECTION 8.04. Who May Attend and Vote at Meeting. To be entitled to
vote at any meeting of Securityholders of any series, a person shall be a Holder of one or more Securities of such series. The only persons who shall be entitled to be present or to speak at any meeting of Securityholders of any series shall be the
persons entitled to vote at such meeting and their counsel, any representatives of the Trustee and its counsel, any representatives of the Company and its counsel, and any representatives of any Guarantor of such Securities and its counsel. When a
determination of Securityholders entitled to vote at any meeting of Securityholders has been made as provided in this Section 8.04, such determination shall apply to any adjournment thereof. 

  
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 SECTION 8.05. Regulations. Notwithstanding any other provisions of this
Indenture, the Trustee may make such reasonable regulations as it may deem advisable for any meeting of Securityholders of any series, in regard to proof of the holding of the Securities of such series and of the appointment of proxies, and in
regard to the appointment and duties of inspectors of votes, the submission and examination of proxies, certificates and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall think fit. Except
as otherwise permitted or required by any such regulations, the holding of the Securities of such series shall be provided in the manner specified in Section 8.06. 
 The Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Company or by Securityholders as provided in
Section 8.03, in which case the Company or the Securityholders calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman and a permanent secretary of the meeting shall be elected by a vote
of the Holders of a majority in Principal Amount of the Securities represented at the meeting and entitled to vote. 
 Subject
to the provisions of Section 7.04, at any meeting each Securityholder or proxy entitled to vote thereat shall be entitled to one vote for each $1,000 principal amount of Securities of such series held or represented by him; provided,
however, that no vote shall be cast or counted at any meeting in respect of any Security challenged as not outstanding and ruled by the chairman of the meeting to be not outstanding. The chairman of the meeting shall have no right to vote
other than by virtue of Securities held by him or instruments in writing as aforesaid duly designating him as the person to vote on behalf of other Securityholders. Any meeting of Securityholders duly called pursuant to the provisions of
Section 8.02 or 8.03 may be adjourned from time to time, and the meeting may be held as so adjourned without further notice. 
 At any meeting of Securityholders of any series, the presence of persons who held, or who are acting as proxy for persons who held, an aggregate Principal Amount of Securities of such series on the record
date for such meeting sufficient to take action on the business for the transaction of which such meeting was called shall constitute a quorum, but, if less than a quorum is present, the persons holding or representing a majority in aggregate
Principal Amount of the Securities of such series represented at the meeting may adjourn such meeting with the same effect, for all intents and purposes, as though a quorum had been present. 

SECTION 8.06. Manner of Voting at Meetings and Record to be Kept. The vote upon any resolution submitted to any meeting of
Securityholders of any series shall be by written ballots on each of which shall be subscribed the signature of the Securityholder or proxy casting such ballot and the identifying number or numbers of the Securities of such series held or
represented in respect of which such ballot is cast. The permanent chairman of the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the
secretary of the meeting their verified written reports in duplicate of all votes cast at the meeting. A record in duplicate of the proceedings of each meeting of Securityholders shall be prepared by the secretary of the meeting and there shall be
attached to said record the original reports of the inspectors of votes on any vote by ballot 

  
 41 

 
taken thereat and affidavits by one or more persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing that said notice was mailed as provided in
Section 8.02. The record shall show the identifying numbers of the Securities of such series voting in favor of or against any resolution. Each counterpart of such record shall be signed and verified by the affidavits of the permanent chairman
and secretary of the meeting and one of the counterparts shall be delivered to the Company and the other to the Trustee to be preserved by the Trustee. 
 Any counterpart record so signed and verified shall be conclusive evidence of the matters therein stated and shall be the record referred to in clause (b) of Section 8.01. 

SECTION 8.07. Exercise of Rights of Trustee and Securityholders Not to be Hindered or Delayed. Nothing in this Article 8
contained shall be deemed or construed to authorize or permit, by reason of any call of a meeting of Securityholders or any rights expressly or impliedly conferred hereunder to make such call, any hindrance or delay in the exercise of any right or
rights conferred upon or reserved to the Trustee or to the Securityholders of any series under any of the provisions of this Indenture or of the Securities of such series. 
 ARTICLE 9 
 SUPPLEMENTAL INDENTURES 

SECTION 9.01. Supplemental Indentures Without Consent of Holders. The Company, the Guarantors, if any, and the Trustee may
amend or supplement this Indenture or the Securities of any series without the consent of any Holder: 
 (a) to cure any
ambiguity, defect or inconsistency in a manner that does not, individually or in the aggregate with all other changes, adversely affect the rights of any Holder of the Securities of any series in any material respect; 

(b) to provide for uncertificated Securities in addition to or in place of certificated Securities; 

(c) to evidence the assumption of the obligations of the Company or a Guarantor to the Holders of the Securities in the case of any
transaction pursuant to Article 10 hereof; 
 (d) to evidence and provide for the acceptance of appointment hereunder by a
successor trustee and to add to or change any of the provisions of the Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee; 

(e) to make any change that would provide any additional rights or benefits to the Holders of all or any series of Securities or that
does not adversely affect the legal rights hereunder of any such Holder; 
 (f) to comply with requirements of the Commission in
order to effect or maintain the qualification of this Indenture under the Trust Indenture Act; 

  
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 (g) to establish the form or terms of Securities of any series as permitted by Sections 2.01
and 3.01; 
 (h) to secure the Company’s obligations in respect of the Securities of any series; 

(i) to add an additional Guarantor in respect of the Securities of any series. 

(j) in the case of convertible or exchangeable Securities of any series, subject to the provisions of the supplemental indenture for such
series of Securities, to provide for conversion rights, exchange rights and/or repurchase rights of Holders of such series of Securities in connection with any reclassification or change of the Company’s common stock or in the event of any
amalgamation, consolidation, merger or sale of all or substantially all of the assets of the Company or its Subsidiaries substantially as an entirety occurs; 
 (k) in the case of convertible or exchangeable Securities of any series, to reduce the conversion price or exchange price applicable to such series of Securities; 

(l) in the case of convertible or exchangeable Securities of any series, to increase the conversion rate or exchange ratio in the manner
described in the supplemental indenture for such series of Securities, provided that the increase will not adversely affect the interests of the Holders of the Securities of such series in any material respect; or 

(m) any other action to amend or supplement the Indenture or the Securities of any series as set forth in the supplemental indenture
establishing the terms of the Securities of that series as provided in Section 3.01(b). 
 Upon the request of the Company
accompanied by a resolution of its Board of Directors authorizing the execution of any such supplemental indenture, and upon receipt by the Trustee of the documents described in Section 9.04 hereof, the Trustee shall join with the Company and
the Guarantors, if any, in the execution of any supplemental indenture authorized or permitted by the terms of this Indenture and to make any further appropriate agreements and stipulations which may be therein contained, but the Trustee shall not
be obligated to enter into such supplemental indenture which affects its own rights, duties or immunities under this Indenture or otherwise. 
 SECTION 9.02. With Consent of Holders. Except as provided in the next succeeding paragraphs, this Indenture or the Securities may be amended or supplemented with the consent of the Holders of
at least a majority in aggregate Principal Amount of all the Securities then outstanding affected by such supplemental indenture. 
 Upon the request of the Company accompanied by a resolution of its Board of Directors authorizing the execution of any such supplemental indenture, and upon the filing with the Trustee of evidence
satisfactory to the Trustee of the consent of the Holders as aforesaid, and upon receipt by the Trustee of the documents described in Section 9.04 hereof, the Trustee shall join with the Company and the Guarantors, if any, 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. 

  
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 It shall not be necessary for the consent of the Holders under this Section 9.02 to
approve the particular form of any proposed amendment or waiver, but it shall be sufficient if such consent approves the substance thereof. 
 After an amendment, supplement or waiver under this Section becomes effective, the Company shall mail to the Holders affected thereby a notice briefly describing the amendment, supplement or waiver. Any
failure of the Company to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture or waiver. Subject to Sections 5.02(b), 5.04 and 5.07 hereof, the application of
or compliance with, either generally or in a particular instance, of any provision of this Indenture or the Securities may be waived as to each series of Securities by the Holders of a majority in aggregate principal amount of the outstanding
Securities of that series. Without the consent of each Holder affected hereby, however, an amendment or waiver may not: 
 (a)
reduce the percentage in Principal Amount of Securities of any series whose Holders must consent to an amendment, supplement or waiver; 
 (b) change the Stated Maturity of the principal of, or any installment of principal of or interest on, or time for payment of interest on, any Security, or reduce the Principal Amount thereof or the rate
of interest thereon or any premium payable upon the redemption thereof, or change any Payment Office where, or the coin or currency in which, any Security or any premium or interest thereon is payable, or impair the right to institute suit for the
enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption, on or after the redemption date); 
 (c) modify any of the provisions of this Section 9.02, Section 5.04 or Section 4.06, except to increase the percentage in Principal Amount of Holders required under any such Section or to
provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each outstanding Security affected thereby, provided, however, that this clause (c) will not be deemed to
require the consent of any Holder with respect to changes in the references to “the Trustee” and concomitant changes in this Section 9.02, Section 5.02(b), Section 5.04 and Section 4.06, or the deletion of this proviso,
in accordance with the requirements of Section 6.11; 
 (d) make any change to the rights of the Holders under Article 12
which adversely affects the Holders in any material respect, except as otherwise provided for in this Indenture; 
 (e) impair
the rights of Holders of the Securities of any series that are exchangeable or convertible to receive payment or delivery of any consideration due upon the conversion or exchange of the Securities of that series; 

(f) change in any manner adverse to the interests of the Holders of any outstanding Securities the terms and conditions of the
obligations of the Guarantors, if applicable, in respect of the due and punctual payment of the principal thereof (and premium, if any, thereon) and interest thereon or any additional amounts or any sinking fund or analogous payments provided in
respect thereof; 

  
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 (g) make any change in this sentence of this Section 9.02; or 

(h) modify or amend any of the provisions of the Indenture or Securities of any series as may be set forth in the supplemental indenture
with respect to the Securities of that series as requiring the consent of each Holder affected thereby. 
 An amendment,
supplement or waiver under this Section 9.02 may not make any change that adversely affects the rights under Article 12 of any holder of Senior Debt then outstanding unless the holders of such Senior Debt (or any Representative thereof
authorized to give a consent) consent to such change. 
 SECTION 9.03. Effect of Supplemental Indenture. Upon the
execution of any supplemental indenture pursuant to the provisions hereof, 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, each Guarantor, if any, 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. 
 SECTION 9.04. Documents to Be Given to Trustee; Compliance with TIA. The Trustee, subject to the provisions of Sections 6.01 and 6.02, shall be entitled to receive and conclusively rely
upon an Officers’ Certificate and an Opinion of Counsel as conclusive evidence that any such supplemental indenture is permitted or authorized under and otherwise complies with the applicable provisions of this Indenture. Every such
supplemental indenture shall comply with the TIA. 
 SECTION 9.05. Notation on Securities in Respect of Supplemental
Indentures. Securities authenticated and delivered after the execution of any supplemental indenture pursuant to the provisions of this Article may bear a notation approved by the Trustee as to form (but not as to substance) as to any matter
provided for by such supplemental indenture or as to any action taken at any such meeting. If the Company, any applicable Guarantor or the Trustee shall so determine, new Securities of any series so modified as to conform, in the opinion of the
Trustee and the Board of Directors of the Company, to any modification of this Indenture contained in any such supplemental indenture may be prepared by the Company, endorsed by any such Guarantor, authenticated by the Trustee and delivered in
exchange for the Securities of such series then outstanding. 
 ARTICLE 10 

CONSOLIDATION, MERGER OR SALE OF ASSETS 
 SECTION 10.01. When the Company May Merge, Etc. The Company shall not consolidate with or merge with or into, or sell, transfer, lease, convey or otherwise dispose of all or substantially all
of its property or assets to, another Person (including pursuant to a statutory arrangement), whether in a single transaction or series of related transactions, unless: 
 (a) the Company is the surviving entity or the Person formed by or surviving any such consolidation or merger or to which such sale, transfer, lease, conveyance or other disposition is made shall be a
Person organized and existing under the laws of the United States of America or any State or the District of Columbia, and shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, the due and punctual
payment of the principal of (and premium, if any) and interest, if any, on all the Securities and the performance or observance of every covenant of this Indenture of the part of the Company to be performed or observed; 

  
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 (b) immediately after giving effect to such transaction, no Event of Default, and no event
which, after notice or lapse of time, or both, would become an Event of Default, shall have happened and be continuing; and 

(c) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel each stating that such
consolidation, merger, conveyance or transfer and, if a supplemental indenture is required in connection with such transaction, such supplemental indenture comply with this Article and that all conditions precedent herein provided for relating to
such transaction have been complied with. 
 SECTION 10.02. Successor Person Substituted. Upon any consolidation or
merger, or any sale, transfer, lease, conveyance or other disposition of all or substantially all of the assets of the Company in accordance with Section 10.01 hereof, the successor Person formed by such consolidation or into or with which the
Company is merged or to which such sale, transfer, lease, conveyance or other disposition is made shall succeed to, and, except in the case of a lease, be substituted for (so that from and after the date of such consolidation, merger, sale,
transfer, conveyance or other disposition, the provisions of this Indenture referring to the “Company” shall refer instead to the successor Person), and may exercise every right and power of, the Company under this Indenture with the same
effect as if such successor Person had been named as the Company herein. 
 In case of any such consolidation, merger, sale,
transfer, lease, conveyance or other disposition such changes in phraseology and form (but not in substance) may be made in the Securities thereafter to be issued as may be appropriate. Notwithstanding the foregoing, (i) a consolidation or
merger by the Company with or into, or (ii) the sale, transfer, lease, conveyance or other disposition by the Company of all or substantially all of its property or assets to, one or more of its Subsidiaries shall not relieve the Company from
its obligations under this Indenture and the Securities. 
 SECTION 10.03. Opinion of Counsel to Trustee. The
Trustee, subject to the provisions of Sections 6.01 and 6.02, may receive an Opinion of Counsel as conclusive evidence that any such consolidation, merger, sale, transfer, lease, conveyance or other disposition complies with the applicable
provisions of this Indenture. 

  
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 ARTICLE 11 
 REDEMPTION OF SECURITIES 
 SECTION 11.01. Applicability of Article.
Securities of any series which are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and (except as otherwise specified as contemplated by Section 3.01 for Securities of any series) in accordance with
this Article. 
 SECTION 11.02. Notice of Redemption; Partial Redemptions. Notice of redemption to the Holders of
Securities of any series to be redeemed as a whole or in part shall be given by mailing notice of such redemption by first class mail, postage prepaid, at least 30 days and not more than 60 days prior to the date fixed for redemption to
such Holders of Securities at their last addresses as they shall appear upon the registry books. Any notice which is mailed in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the Holder receives the
notice. Failure to give notice by mail, or any defect in the notice to the Holder of any Security designated for redemption as a whole or in part shall not affect the validity of the proceedings for the redemption of any other Security. 

The notice of redemption to each such Holder shall identify the Securities to be redeemed (including CUSIP numbers) and shall specify the
Principal Amount of each Security held by such Holder to be redeemed, the date fixed for redemption, the redemption price, the place or places of payment, that payment will be made upon presentation and surrender of such Securities, that interest
accrued to the date fixed for redemption will be paid as specified in said notice and that on and after said date interest thereon or on the portions thereof to be redeemed will cease to accrue. In case any Security 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 date fixed for redemption, upon surrender of such Security, a new Security or Securities in Principal Amount equal
to the unredeemed portion thereof will be issued. 
 The notice of redemption of Securities of any series to be redeemed at the
option of the Company shall be given by the Company or, at the Company’s request, by the Trustee in the name and at the expense of the Company. 
 No later than 10:00 a.m. New York City time on the redemption date specified in the notice of redemption given as provided in this Section, the Company will deposit with the Trustee or with one or
more Paying Agents (or, if the Company is acting as its own Paying Agent, set aside, segregate and hold in trust) an amount of money sufficient to redeem on the redemption date all the Securities of a series so called for redemption at the
appropriate redemption price, together with accrued interest to the date fixed for redemption. The Company will deliver to the Trustee at least 70 days prior to the date fixed for redemption an Officers’ Certificate stating the aggregate
Principal Amount of Securities of such series to be redeemed. 
 If less than all the Securities of a series are to be redeemed,
the Trustee shall select, either pro rata, by lot or by any other method it shall deem fair and reasonable, Securities to be redeemed in whole or in part. Securities may be redeemed in part only in denominations equal to the minimum authorized
denomination for Securities of that series or any integral multiple 

  
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thereof. The Trustee shall promptly notify the Company in writing of the Securities selected for redemption and, in the case of any Securities selected for partial redemption, the Principal
Amount thereof to be redeemed. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Security redeemed or to be redeemed only in part, to
the portion of the Principal Amount of such Security which has been or is to be redeemed. 
 SECTION 11.03. Payment of
Securities Called for Redemption. If notice of redemption has been given as above provided, the Securities or portions of Securities specified in such notice shall become due and payable on the date and at the place stated in such notice at the
applicable redemption price, together with interest accrued to the date fixed for redemption, and on and after said date (unless the Company and any Guarantors shall default in the payment of such Securities at the redemption price, together with
interest accrued to said date) interest on the Securities or portions of Securities so called for redemption shall cease to accrue and, except as provided in Sections 6.05 and 13.06, such Securities shall cease from and after the date fixed for
redemption to be entitled to any benefit or security under this Indenture, and the Holders thereof shall have no right in respect of such Securities except the right to receive the redemption price thereof and unpaid interest to the date fixed for
redemption. On presentation and surrender of such Securities at a Payment Office specified in said notice, said Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable redemption price, together with
interest accrued thereon to the date fixed for redemption; provided that any payment of interest becoming due on the date fixed for redemption shall be payable to the Holders of such Securities registered as such on the relevant Regular
Record Date subject to the terms and provisions of Section 3.05 hereof. 
 If any Security called for redemption shall not
be so paid upon surrender thereof for redemption, the principal shall, until paid or duly provided for, bear interest from the date fixed for redemption at the rate borne by the Security. 

Upon presentation of any Security redeemed in part only, the Company shall execute, the Guarantors, if any, shall, execute the Guarantees
endorsed thereon and the Trustee shall authenticate and make available for delivery to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of authorized denominations, in Principal Amount equal to the
unredeemed portion of the Security so presented. 
 ARTICLE 12 

SUBORDINATION 

SECTION 12.01. Agreement to Subordinate. The Company agrees, and each Holder by accepting such Security agrees, that, unless
otherwise specified as contemplated by Section 3.01 hereof, the indebtedness evidenced by such Security is subordinated in right of payment, to the extent and in the manner provided in this Article 12, to the prior payment in full, in cash or
cash equivalents, of all Senior Debt of the Company (whether outstanding on the date hereof or hereafter created, incurred, assumed or guaranteed), and that the subordination is for the benefit of and enforceable by the holders of such Senior Debt.
Only Senior Debt of the Company shall rank senior to the Securities issued by the Company in accordance with the provisions set forth herein. The Securities of the Company shall in all respects rank pari passu with, or be senior to, all other
indebtedness of the Company. 

  
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 SECTION 12.02. Liquidation; Dissolution; Bankruptcy. Unless otherwise specified
in a supplemental indenture with respect to a series of Securities, upon any payment or distribution of the assets of the Company to creditors upon a total or partial liquidation or dissolution of the Company or in a bankruptcy, winding up,
reorganization, insolvency, receivership or similar proceeding relating to the Company or its property, an assignment by the Company for the benefit of its creditors or any marshaling of the assets and liabilities of the Company: 

(a) holders of Senior Debt of the Company shall be entitled to receive payment in full of all principal, premium (if any) and interest
due in respect of such Senior Debt (including interest after the commencement of any such proceeding at the rate specified in the applicable Senior Debt, whether or not allowable as a claim in such proceeding) before Holders of the Securities of any
series issued by the Company shall be entitled to receive any payment with respect to such Securities; and 
 (b) until all
obligations with respect to Senior Debt (as provided in clause (a) above) are paid in full in cash or cash equivalents, any distribution to which Holders of Securities of such series would be entitled but for this Article 12 shall be made to
holders of Senior Debt as their interests may appear; except that Holders may receive and retain (A) Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Article 13 hereof.

 SECTION 12.03. Default on Designated Senior Debt. (a) The Company may not make any payment or distribution
in respect of the Securities of any series or make any deposit pursuant to Section 13.05 and may not repurchase, redeem or otherwise retire any Securities of such series (collectively, “pay such Securities”), other than
(A) payments and distributions in the form of Permitted Junior Securities and (B) payments and other distributions made from any defeasance trust created pursuant to Section 13.04 hereof) if: 

 

	 	(i)	a default in the payment of any principal or other obligations with respect to Designated Senior Debt occurs and is continuing beyond any applicable grace period in the
agreement, indenture or other document governing such Designated Senior Debt (a “payment default”); or 

  

	 	(ii)	 a default, other than a payment default, on Designated Senior Debt occurs and is continuing that then permits holders of the Designated Senior Debt to
accelerate its maturity and the Trustee receives a notice of the default (a “Payment Blockage Notice”) from the Company or the holders of such Designated Senior Debt. If the Trustee receives any such Payment Blockage Notice with respect to
a series of Securities, no subsequent Payment Blockage Notice relating to such series of Securities shall be effective for purposes of this Section 12.03 unless and until (A) at least 360 days shall have elapsed since the delivery of the
immediately prior Payment Blockage Notice and (B) all scheduled payments of principal, 

  
 49 

	 	
premium, if any, and interest, if any, on the Securities of such series that have come due have been paid in full in cash. No nonpayment default that existed or was continuing on the date of
delivery of any Payment Blockage Notice to the Trustee shall be, or be made, the basis for a subsequent Payment Blockage Notice unless such default shall have been cured or waived for a period of not less than 180 days. 

(b) The Company may and shall resume payments on and distributions in respect of the Securities of such series: 

 

	 	(i)	in the case of a payment default, on the date on which the payment default is cured or waived or such Designated Senior Debt is discharged or paid in full, and

  

	 	(ii)	in the case of a default referred to in clause (a)(ii) of this Section 12.03, on the earlier of (A) the date on which such default is cured or waived and
(B) 179 days after the date on which such Payment Blockage Notice is received, provided that the maturity of such Designated Senior Debt has not been accelerated. 

SECTION 12.04. Acceleration of Securities. If payment of the Securities of any series is accelerated because of an Event of
Default, the Company shall promptly notify holders of Designated Senior Debt (or their Representative) of the acceleration. 

SECTION 12.05. When Distribution Must Be Paid Over. In the event that the Trustee or any Holder receives any payment of any
obligations with respect to the Securities of a series at a time when such payment is prohibited by Section 12.03 hereof, such payment shall be held by the Trustee or such Holder, in trust for the benefit of, and shall be paid forthwith over
and delivered, upon written request, to, the holders of Senior Debt of the Company (or their Representative), for application to the payment of all obligations with respect to such Senior Debt remaining unpaid to the extent necessary to pay such
obligations in full in accordance with their terms, after giving effect to any concurrent payment or distribution to or for the holders of such Senior Debt. 
 SECTION 12.06. Subrogation. After all Senior Debt of the Company is paid in full in cash or cash equivalents and until the Securities of a series issued by the Company are paid in full in cash
or cash equivalents, the Holders of Securities of such series shall be subrogated (equally and ratably with all other indebtedness ranking pari passu with the Securities of such series) to the rights of holders of Senior Debt of the Company to
receive distributions applicable to such Senior Debt. A distribution made under this Article 12 to holders of Senior Debt that otherwise would have been made to Holders of Securities is not, as between the Company and Holders, a payment by the
Company on such Securities. 
 SECTION 12.07. Relative Rights. This Article 12 defines the relative rights of
Holders of Securities and holders of Senior Debt of the Company. Nothing in this Indenture shall: 
 (a) impair, as between the
Company and the Holders of Securities, the obligation of the Company, which is absolute and unconditional, to pay principal of, premium, if any, and interest on the Securities in accordance with their terms; or 

  
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 (b) prevent the Trustee or any Holder of Securities from exercising its available remedies
upon a Default or Event of Default, subject to the rights of holders and owners of Senior Debt to receive distributions and payments otherwise payable to Holders of Securities. 

If the Company fails because of this Article 12 to pay principal of, premium, if any, or interest on a Security on the due date, the
failure is still a Default or Event of Default. 
 SECTION 12.08. Subordination May Not Be Impaired by the Company.
No right of any holder of any Senior Debt of the Company to enforce the subordination of the indebtedness evidenced by the Securities of the Company shall be impaired by any act or failure to act by the Company or by the failure of the Company to
comply with this Indenture. 
 SECTION 12.09. Distribution or Notice to Representative. Whenever a distribution is
to be made or a notice given to holders of Senior Debt, the distribution may be made and the notice given to their Representative, if any. 
 SECTION 12.10. Rights of Trustee and Paying Agent. (a) Notwithstanding the provisions of this Article 12 or any other provisions of this Indenture, neither the Trustee nor any Paying
Agent shall be charged with knowledge of the existence of any facts that would prohibit the making of any payment or distribution by the Trustee or such Paying Agent, and the Trustee and any such Paying Agent may continue to make payments and
distributions, on the Securities of any series, unless a Responsible Officer of the Trustee shall have received at its Corporate Trust Office at least five Business Days prior to the date of such payment written notice that the payment of any
obligations with respect to the Securities would violate this Article 12. The Company, any holder of Senior Debt of the Company or a Representative of a holder of Senior Debt may give such notice; provided that if the holders of Senior Debt have a
Representative, only the Representative may give such notice. 
 (b) The Trustee in its individual or any other capacity may
hold Senior Debt with the same rights it would have if it were not Trustee. The Registrar and any Paying Agent may do the same with like rights. The Trustee shall be entitled to all the rights set forth in this Article 12 with respect to any Senior
Debt of the Company which may at any time be held by it, to the same extent as any other holder of Senior Debt, and nothing in Article 12 shall deprive the Trustee of any of its rights as such holder. Nothing in this Article 12 shall apply to claims
of, or payments to, the Trustee under or pursuant to Section 6.07. 
 SECTION 12.11. Trustee Entitled To Rely.
Upon any payment or distribution of assets of the Company referred to in this Article 12, the Trustee and the Holders of the Securities of the relevant series shall be entitled to rely upon (i) any order or decree of a court of competent
jurisdiction in which any proceedings of the nature referred to in Section 12.02 are pending, (ii) a certificate of the liquidating trustee or agent or other Person making such payment or distribution to the Trustee or to such Holders or
(iii) the Representative for the holders of Senior Debt of the Company for the purpose of ascertaining the Persons entitled to participate in such payment or 

  
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distribution, the holders of such Senior Debt and other indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts
pertinent thereto or to this Article 12. In the event that the Trustee determines, in good faith, that evidence is required with respect to the right of any Person as a holder of Senior Debt of the Company to participate in any payment or
distribution pursuant to this Article 12, the Trustee may request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior Debt of the Company held by such Person, the extent to which such Person is
entitled to participate in such payment or distribution and other facts pertinent to the rights of such Person under this Article 12, and, if such evidence is not furnished, the Trustee may defer any payment to such Person pending judicial
determination as to the right of such Person to receive such payment. The provisions of Section 6.01 and Section 6.02 shall be applicable to all actions or omissions of actions by the Trustee pursuant to this Article 12. 

SECTION 12.12. Authorization to Effect Subordination. Each Holder of Securities, by such Holder’s acceptance thereof,
authorizes and directs the Trustee on such Holder’s behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination as provided in this Article 12, and appoints the Trustee to act as such
Holder’s attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 5.09 hereof at least 30 days before the expiration
of the time to file such claim, the Representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Securities. 
 SECTION 12.13. Trust Moneys Not Subordinated. Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of government obligations held in trust under
Article 13 by the Trustee for the payment of principal of and premium, if any, and interest on the Securities of any series shall not be subordinated to the prior payment of any Senior Debt or subject to the restrictions set forth in this Article
12, and none of the Holders shall be obligated to pay over any such amount to the Company, any holder of Senior Debt of the Company or any other creditor of the Company. 
 SECTION 12.14. Trustee Not Fiduciary for Holders of Senior Debt. The Trustee shall not be deemed by virtue of this Indenture to owe any fiduciary duty to the holders of Senior Debt and shall
not be liable to any such holders if it shall mistakenly pay over or distribute to Holders or the Company or any other Person, money or assets to which any holders of Senior Debt of the Company shall be entitled by virtue of this Article 12 or
otherwise. 
 SECTION 12.15. Reliance by Holders of Senior Debt on Subordination Provisions. Each Holder by
accepting a Security acknowledges and agrees that the foregoing subordination provisions are, and are intended to be, an inducement and a consideration to each holder of any Senior Debt of the Company, whether such Senior Debt was created or
acquired before or after the issuance of the Securities, to acquire and continue to hold, or to continue to hold, such Senior Debt and such holder of such Senior Debt shall be deemed conclusively to have relied on such subordination provisions in
acquiring and continuing to hold, or in continuing to hold, such Senior Debt. 

  
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 ARTICLE 13 
 DEFEASANCE AND COVENANT DEFEASANCE 
 SECTION 13.01. Applicability of the
Article; Company’s Option to Effect Defeasance or Covenant Defeasance. Unless pursuant to Section 3.01 provision is made for the inapplicability of either or both of (a) defeasance of the Securities of a series under
Section 13.02 or (b) covenant defeasance of the Securities of a series under Section 13.03, then the provisions of such Section or Sections, as the case may be, together with the other provisions of this Article, shall be applicable
to the Securities of such series, and the Company may, at its option, by resolution of the Board of Directors, at any time, elect to have either Section 13.02 or Section 13.03 applied to the outstanding Securities of a series upon
compliance with the conditions set forth below in this Article 13. 
 SECTION 13.02. Legal Defeasance and
Discharge. Upon the Company’s exercise of the option provided under Section 13.01 hereof to defease the outstanding Securities of a particular series under this Section 13.02, the Company and any Guarantors shall be deemed to have
been discharged from its obligations with respect to such outstanding Securities and related Guarantees on the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance
means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by the outstanding Securities of such series, which shall thereafter be deemed to be “outstanding” only for the purposes of
Section 13.05 hereof and the other Sections of this Indenture referred to in clauses (i) and (ii) of this Section 13.02, and to have satisfied all its other obligations under such Securities and this Indenture (and the Trustee,
on demand of and at the expense of the Company shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: (i) the rights of Holders of
outstanding Securities of such series to receive solely from the trust fund described in Section 13.04 hereof, and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any) and interest, if any, on
such Securities when such payments are due, (ii) the obligations of the Company or any Guarantor with respect to such Securities under Sections 3.06, 3.07, 3.08(a), 3.09, 3.11, and 13.05 hereof, (iii) the rights, powers, trusts,
duties and immunities of the Trustee hereunder, including, without limitation, the Trustee’s rights under Section 6.07 hereof, and the obligations of the Company or any Guarantor in connection therewith and with this Article 13.
Subject to compliance with this Article 13, the Company may exercise its option under this Section 13.02 notwithstanding the prior exercise of its option under Section 13.03 hereof with respect to the Securities of such series.

 SECTION 13.03. Covenant Defeasance. Upon the Company’s exercise of the option provided under
Section 13.01 hereof to obtain a covenant defeasance with respect to the outstanding Securities of a particular series under this Section 13.03, the Company and any Guarantors shall be released from their obligations under the covenants
contained in Article 4 and Section 10.01 hereof and the covenants contained in any supplemental indenture applicable to such series, with respect to the outstanding Securities of such series on and after the date the conditions set forth
below are satisfied (hereinafter, “Covenant Defeasance”), and the Securities of such series shall thereafter be deemed not outstanding for the purposes of any direction, waiver, consent or declaration or act of Holders (and the
consequences of any thereof) in 

  
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connection with such covenants, but shall continue to be deemed outstanding for all other purposes hereunder. For this purpose, such Covenant Defeasance means that, with respect to the
outstanding Securities of such series, the Company or any Guarantors may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any
reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under
Section 5.01(c) with respect to outstanding Securities of such series, but, except as specified above, the remainder of this Indenture and of the Securities of such series shall be unaffected thereby. 

SECTION 13.04. Conditions to Legal or Covenant Defeasance. The following shall be the conditions to the application of either
Section 13.02 or Section 13.03 hereof to the outstanding Securities of a particular series: 
 (a) The Company shall
irrevocably have deposited or caused to be deposited with the Trustee (or another trustee satisfying the requirements of Section 6.10 who shall agree to comply with the provisions of this Article 13 applicable to it) as trust funds in
trust for the purpose of making the following payments, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of such Securities, (i) an amount (in such currency, currencies or currency unit in which such
Securities and any related coupons are then specified as payable at Stated Maturity), or (ii) non-callable Government Securities that through the scheduled payment of principal and interest in respect thereof in accordance with their terms will
provide, not later than one day before the due date of any payment, cash in U.S. Dollars in an amount, or (iii) a combination thereof, in such amounts as will be sufficient, in the opinion of a nationally recognized firm of independent public
accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge and which shall be applied by the Trustee (or other qualifying trustee) to pay and discharge the principal of (and premium, if any) and interest,
if any, on such outstanding Securities on the stated maturity date of such principal or installment of principal, or interest or premium, if any. 
 (b) In the case of an election under Section 13.02 hereof, the Company shall have delivered to the Trustee an Opinion of Counsel confirming that (i) the Company has received from, or there has
been published by, the Internal Revenue Service a ruling or (ii) since the date hereof, 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 the outstanding Securities of such series will not recognize income, gain or loss for federal income tax purposes as a result of such Legal 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 Legal Defeasance had not occurred. 
 (c) In the case of an
election under Section 13.03 hereof, the Company shall have delivered to the Trustee an Opinion of Counsel confirming that the Holders of the outstanding 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. 

  
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 (d) No Default or Event of Default (or event that, with the giving of notice or lapse of
time or both would become an Event of Default) with respect to the Securities of such series shall have occurred and be continuing on the date of such deposit or, insofar as Section 5.01(d) or 5.01(e) hereof is concerned, at any time in the
period ending on the 124th day after the date of such deposit (it being understood that this condition shall not be deemed satisfied until the expiration of such period). 
 (e) Such Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under any material agreement or instrument (other than this Indenture) to which the
Company or any Guarantor is a party or by which the Company or such Guarantor is bound (other than a breach, violation or default resulting from the borrowing of funds to be applied to such deposit). 

(f) The Company shall have delivered to the Trustee an Officers’ Certificate stating that the deposit made by the Company pursuant
to its election under Section 13.02 or 13.03 hereof was not made by the Company with the intent of preferring the Holders of the affected Securities over the other creditors of the Company with the intent of defeating, hindering, delaying or
defrauding creditors of the Company, or others. 
 (g) Such Legal Defeasance or Covenant Defeasance shall be effected in
compliance with any additional terms, conditions or limitations which may be imposed on the Company in connection therewith pursuant to Section 3.01. 
 (h) The Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent provided for relating to either the Legal Defeasance
under Section 13.02 hereof or the Covenant Defeasance under Section 13.03 hereof (as the case may be) have been complied with as contemplated by this Section 13.04. 

SECTION 13.05. Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions. Subject to
Section 13.06 hereof, all money and non-callable Government Securities (including the proceeds thereof) deposited with the Trustee pursuant to Section 13.04 hereof in respect of the outstanding Securities of a particular series shall be
held in trust and applied by the Trustee, in accordance with the provisions of such Securities, the Guarantees, if any, relating to such series of Securities and this Indenture, to the payment, either directly or through any Paying Agent (including
the Company acting as Paying Agent) as the Trustee may determine, to the Holders of such Securities of all sums due and to become due thereon in respect of principal (and premium, if any) and interest, if any, but such money need not be segregated
from other funds except to the extent required by law. 
 The Company shall pay and indemnify the Trustee against any tax, fee
or other charge imposed on or assessed against the cash or non-callable Government Securities deposited pursuant to Section 13.04 hereof or the principal and interest received in respect thereof other than any such tax, fee or other charge that
by law is for the account of the Holders of the outstanding Securities of such series. 
 Anything in this Article 13 to
the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon the Company’s request any money or non-callable 

  
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Government Securities held by it as provided in Section 13.04 hereof with respect to the Securities of any series which, in the opinion of a nationally recognized firm of independent public
accountants expressed in a written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 13.04(a) hereof), are in excess of the amount thereof which would then be required to be deposited to effect an
equivalent Legal Defeasance or Covenant Defeasance. 
 SECTION 13.06. Repayment to the Company or Guarantor. Any
money deposited with the Trustee or any Paying Agent, or then held by the Company or applicable Guarantor, in trust for the payment of the principal of (and premium, if any) and interest, if any, on any Security and remaining unclaimed for two years
after such principal, or interest or premium, if any, has become due and payable and was deposited with the Paying Agent shall be paid to the Company or such Guarantor on its written request or (if then held by the Company or such Guarantor) shall
be discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the Company or such Guarantor for payment thereof, and all liability of the Trustee or such Paying Agent with respect to
such trust money, and all liability of the Company or such Guarantor as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the
expense of the Company cause to be published once, in The New York Times and The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days
from the date of such notification or publication, any unclaimed balance of such money then remaining will be repaid to the Company or such Guarantor. 
 SECTION 13.07. Reinstatement. If the Trustee or Paying Agent is unable to apply any U.S. Dollars or non-callable Government Securities in accordance with Section 13.02 or 13.03 hereof, as
the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the obligations of the Company and the applicable Guarantors under this Indenture, the
Securities and any Guarantees shall be revived and reinstated as though no deposit had occurred pursuant to Section 13.02 or 13.03 hereof until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with
Section 13.02 or 13.03 hereof, as the case may be; provided, however, that, if the Company or any Guarantor makes any payment of principal of, or interest or premium, if any, on any Security following the reinstatement of its
obligations, the Company or any Guarantor shall be subrogated to the rights of the Holders of such Security to receive such payment from the money held by the Trustee or Paying Agent. 

  
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 ARTICLE 14 
 SATISFACTION AND DISCHARGE 
 SECTION 14.01. Satisfaction and Discharge of
Indenture. This Indenture shall upon a Company Request cease to be of further effect with respect to any series of Securities (except, as to any surviving rights of registration of transfer, exchange or conversion of Securities of such series
herein expressly provided for or in the form of Security for such series and any rights to receive payment of interest thereon), and the Trustee, on demand of and at the expense of the Company, shall execute proper instruments acknowledging
satisfaction and discharge of this Indenture, when: 
 (a) either 

 

	 	(i)	all Securities of such series theretofore authenticated and delivered (other than (A) Securities which have been destroyed, lost or stolen and which have been
replaced or paid as provided in Section 3.09, and (B) Securities for whose payment money has theretofore been (x) deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged
from such trust, as provided in Section 4.03(c) or (y) paid to any State or the District of Columbia pursuant to its unclaimed property or similar laws) have been delivered to the Trustee for cancellation; or 

 

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

 

	 	(A)	have become due and payable (whether at Stated Maturity, upon redemption (if applicable), upon any required repurchase by the Company (if applicable) or otherwise), or

  

	 	(B)	will become due and payable at their stated maturity within one year, or 

  

	 	(C)	are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at
the expense, of the Company, and the Company, in the case of (A), (B) or (C) above, has deposited or caused to be deposited with the Trustee, as trust funds in trust for the purpose, money in the amount in the currency or currency units in
which the Securities of such series are payable, sufficient to pay and discharge the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, for principal (and premium, if any) and interest, if any, to the
date of such deposit (in the case of Securities which have become due and payable), or to the Stated Maturity or redemption date, as the case may be; 

 (b) the Company or a Guarantor, if any, has paid or caused to be paid all other sums payable hereunder by the Company or the Guarantors, if any; and 

(c) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel each stating that all conditions
precedent herein provided for relating to the satisfaction and discharge of this Indenture have been complied with. 

Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 6.07
and, if money shall have been deposited with the Trustee pursuant to subclause (ii) of Clause (a) of this Section, the obligations of the Trustee under Section 14.02 and the last paragraph of Section 4.03 shall survive.

  
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 SECTION 14.02. Application of Trust Money. Subject to the provisions of the last
paragraph of Section 4.03, all money deposited with the Trustee pursuant to Section 14.01 shall be held in trust and applied by it, in accordance with the provisions of the Securities, the Guarantees, if any, relating to such series of
Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent), as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any)
and interest, if any, for whose payment such money has been deposited with the Trustee. 
 ARTICLE 15 

HOLDERS’ LISTS AND REPORTS BY TRUSTEE, COMPANY AND GUARANTORS 

SECTION 15.01. Company to Furnish Trustee Names and Addresses of Holders. The Company will furnish or cause to be furnished
to the Trustee: 
 (a) semi-annually, not later than 15 days after the Regular Record Date for each series of Securities, a
list, in such form as the Trustee may reasonably require, of the names and addresses of the Holders of Securities as of such Regular Record Date (unless the Trustee has such information), or if there is no Regular Record Date for interest for such
series of Securities, semi-annually, upon such dates as are set forth in the Board Resolution or indenture supplemental hereto authorizing such series, 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 content as of a date not more than
15 days prior to the time such list is furnished; 
 provided, however, that so long as the Trustee is the Registrar, no such
list shall be required to be furnished. 
 SECTION 15.02. Preservation of Information; Communications to Holders.

 (a) The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders
contained in the most recent list furnished to the Trustee as provided in Section 15.01 and the names and addresses of Holders received by the Trustee in its capacity as the Registrar. The Trustee may destroy any list furnished to it as
provided in Section 15.01 upon receipt of a new list so furnished. 
 (b) If three or more Holders (herein referred to as
“applicants”) apply in writing to the Trustee, and furnish to the Trustee reasonable proof that each such applicant has owned a Security for a period of at least six months preceding the date of such application (or since the first date of
the issuance for such Security, if the holding period is less than six months), and such application states that the applicants desire to communicate with other Holders with respect to their rights under this Indenture or under the Securities and is
accompanied by a copy of the form of proxy or other communication which such applicants propose to transmit, then the Trustee shall, within five Business Days after the receipt of such application, at its election, either 

 

	 	(i)	afford such applicants access to the information preserved at the time by the Trustee in accordance with Section 15.02(a); or 

 

	 	(ii)	inform such applicants as to the approximate number of Holders whose names and addresses appear in the information preserved at the time by the Trustee in accordance
with Section 15.02(a), and as to the approximate cost of mailing to such Holders the form of proxy or other communication, if any, specified in such application. 

  
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 If the Trustee shall elect not to afford such applicants access to such information, the
Trustee shall, upon the written request of such applicants, mail to each Holder whose name and address appears in the information preserved at the time by the Trustee in accordance with Section 15.02(a) a copy of the form of proxy or other
communication which is specified in such request, with reasonable promptness after a tender to the Trustee of the material to be mailed and of payment, or provision for the payment, of the reasonable expenses of mailing, unless within five days
after such tender the Trustee shall mail to such applicants and file with the Commission, together with a copy of the material to be mailed, a written statement to the effect that, in the opinion of the Trustee, such mailing would be contrary to the
best interest of the Holders or would be in violation of applicable law. Such written statement shall specify the basis of such opinion. If the Commission, after opportunity for a hearing upon the objections specified in the written statement so
filed, shall enter an order refusing to sustain any of such objections or if, after the entry of an order sustaining one or more of such objections, the Commission shall find, after notice and opportunity for hearing, that all objections so
sustained have been met and shall enter an order so declaring, the Trustee shall mail copies of such material to all such Holders with reasonable promptness after the entry of such order and the renewal of such tender; otherwise the Trustee shall be
relieved of any obligation or duty to such applicants respecting their application. 
 (c) Every Holder of Securities, by
receiving and holding the same, agrees with the Company, any applicable Guarantor and the Trustee that none of the Company, such Guarantors and the Trustee nor any of their respective agents shall be held accountable by reason of the disclosure of
any such information as to the names and addresses of the Holders in accordance with Section 15.02(b), regardless of the source from which such information was derived, and that the Trustee shall not be held accountable by reason of mailing any
material pursuant to a request made under Section 15.02(b). 
 SECTION 15.03. Reports by the Trustee.

 (a) The Trustee shall transmit to Holders such reports concerning the Trustee and its actions under this Indenture as may be
required pursuant to the Trust Indenture Act at the times and in the manner provided pursuant thereto. If required by Section 313(a) of the Trust Indenture Act, the Trustee shall, within 60 days after each May 15th following the date of
this Indenture (commencing May 15, 20[ ]) deliver to Holders a brief report, dated as of such May 15th, which complies with the provisions of such Section 313(a). 

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

  
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 SECTION 15.04. Reports by the Company and Guarantors. The Company shall furnish
to the Trustee, within 15 days after it is required to file such annual and quarterly reports, information, documents and other reports with the Commission, copies of its annual report and of the information, documents and other reports (or copies
of such portions of any of the foregoing the Commission may by rules and regulations prescribe) that the Company is required to file with the Commission pursuant to Section 13 or 15(d) of the Exchange Act; provided that any such annual
and quarterly reports, information, documents and other reports and information filed with the Commission may be provided by the Company to the Trustee electronically. The Company and any Guarantor shall comply with the other provisions of TIA
Section 314(a). Delivery of such information, documents and reports to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or
determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). At any time when the Company is
not subject to Section 13 or 15(d) of the Exchange Act, upon request of Holders and prospective purchasers of Securities thereof, the Company shall file with the Trustee and the Commission, in accordance with rules and regulations prescribed
from time to time by the Commission, such of the supplementary and periodic information, documents and reports which may be required pursuant to Section 13 of the Exchange Act in respect of a security listed and registered on a national
securities exchange as may be prescribed from time to time in such rules and regulations. 
 ARTICLE 16 

MISCELLANEOUS PROVISIONS 
 SECTION 16.01. Incorporators, Stockholders, Members, Partners, Officers, Managers and Directors of Company or any Guarantor Exempt from Individual Liability. No recourse under or upon any
obligation, covenant or agreement contained in this Indenture, or in any Security of any series or any Guarantees, or because of any indebtedness evidenced thereby, shall be had against any incorporator, as such or against any past, present or
future stockholder, member, partner, officer, manager or director, as such, of the Company, any Guarantor or any successor, either directly or through the Company, any Guarantor or any successor, under any rule of law, statute or constitutional
provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released by the acceptance of the Securities of such series by the Holders thereof and as part of
the consideration for the issue of the Securities of such series. 
 SECTION 16.02. Provisions of Indenture for the Sole
Benefit of Parties and Holders. Except as set forth in Article 12 and Section 16.10, nothing in this Indenture or in the Securities of any series, expressed or implied, shall give or be construed to give to any person, firm or corporation,
other than the parties hereto and their successors and the Holders of the Securities of such series, any legal or equitable right, remedy or claim under this Indenture or under any covenant or provision herein contained, all such covenants and
provisions being for the sole benefit of the parties hereto and their successors and of the Holders of the Securities. 

  
 60 

 SECTION 16.03. Successors and Assigns of Company or Guarantor Bound by
Indenture. All the covenants, stipulations, promises and agreements in this Indenture contained by or in behalf of the Company or any Guarantor shall bind their successors and assigns, whether so expressed or not. 

SECTION 16.04. Notices, Etc., to Trustee, the Company and Guarantors. Any request, demand, authorization, direction, notice,
consent, waiver or act of Holders or other document provided or permitted by this Indenture to be made upon, given or furnished to, or filed with: 
  

	 	(1)	 the Trustee by any Holder, or by the Company or a Guarantor, if any, shall be sufficient for every purpose hereunder if made, given, furnished or filed
in writing to or with the Trustee at Union Bank, N.A., 350 California St., 11th Floor, San Francisco, CA 94104, Attention: Corporate Trust Dept. , facsimile 415-273-2492, or such other facsimile number as may be provided by the Trustee from time to time, and shall be deemed to have
been made at the time of actual receipt of such written notice or facsimile transmission thereof; provided that any delivery made or facsimile sent on a day other than a Business Day shall be deemed to be received on the next following
Business Day; or 

  

	 	(2)	the Company or a Guarantor, if any, by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if in
writing to the Company or such Guarantor, as the case may be, addressed to it at the address specified in Schedule I hereto or at any other address or facsimile number previously furnished in writing to the Trustee by the Company or such Guarantor,
as the case may be, and shall be deemed to have been made at the time of delivery or facsimile transmission; provided that any delivery made or facsimile sent on a day other than a Business Day shall be deemed to be received on the next
following Business Day. 

 SECTION 16.05. Notices to Holders. Where this Indenture provides for notice
to Holders, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to each Holder entitled thereto, at his last address as it appears in the Security Register. In
any case where notice to Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such notice with respect to other Holders. Where this
Indenture provides for notice in any manner, such notice may be waived in writing by the person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. The Trustee may waive notice
to it of any provision herein, and such waiver shall be deemed to be for its convenience and discretion. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action
taken in reliance upon such waiver. 

  
 61 

 In case, by reason of the suspension of or irregularities in regular mail service, it shall
be impracticable to mail notice to the Company, any Guarantor and Securityholders when such notice is required to be given pursuant to any provision of this Indenture, then any manner of giving such notice as shall be satisfactory to the Trustee
shall be deemed to be a sufficient giving of such notice. 
 SECTION 16.06. Officers’ Certificates and Opinions of
Counsel; Statements to Be Contained Therein. Upon any application or demand by the Company or any Guarantor to the Trustee to take any action under any of the provisions of this Indenture, the Company or such Guarantor, as the case may be, shall
furnish to the Trustee an Officers’ Certificate stating that all 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 conditions precedent have been complied with, except that in the case of any such application or demand as to which the furnishing of such documents 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. 
 Any certificate, statement or opinion of an officer of the Company
or any Guarantor may be based, insofar as it relates to legal matters, upon a certificate or opinion of or representations by counsel, unless such officer knows that the certificate or opinion or representations with respect to the matters upon
which his certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care should know that the same are erroneous. Any certificate, statement or Opinion of Counsel may be based, insofar as it relates
to factual matters or information which is in the possession of the Company, upon the certificate, statement or opinion of or representations by an officer or officers of the Company or such Guarantor, as the case may be, unless such counsel knows
that the certificate, statement or opinion or representations with respect to the matters upon which his certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care should know that the same are
erroneous. 
 Any certificate, statement or opinion of an officer or counsel of the Company or any Guarantor may be based,
insofar as it relates to accounting matters, upon a certificate or opinion of or representations by an accountant or firm of accountants in the employ of the Company or such Guarantor, as the case may be, unless such officer or counsel knows that
the certificate or opinion or representations with respect to the accounting matters upon which his certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care should know that the same are
erroneous. 

  
 62 

 Any certificate or opinion of any independent firm of public accountants filed with the
Trustee shall contain a statement that such firm is independent within the meaning of the Securities Act and the rules and regulations promulgated thereunder. 
 SECTION 16.07. Payments Due on Saturdays, Sundays and Holidays. If the Stated Maturity of interest on or principal of the Securities of a particular series or the date fixed for redemption of
any Security shall not be a Business Day, then payment of interest or principal with respect to such Securities need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the date
of maturity or the date fixed for redemption, and no interest shall accrue for the period after such date. 

SECTION 16.08. Conflict of Any Provision of Indenture with Trust Indenture Act. If and to the extent that any provision of
this Indenture limits, qualifies or conflicts with another provision included in this Indenture by operation of Sections 310 to 317, inclusive, of the Trust Indenture Act (an “incorporated provision”), such incorporated provision
shall control. 
 SECTION 16.09. New York Law to Govern. This Indenture, the Securities of any series and the
Guarantees, if any, shall each be deemed to be a contract under the laws of the State of New York, and for all purposes shall be construed in accordance with the laws of the State of New York, but without giving effect to applicable principles of
conflicts of law to the extent that the application of the law of another jurisdiction would be required thereby. 

SECTION 16.10. Third Party Beneficiaries. Holders of Securities of the Company are third party beneficiaries of this
Indenture, and any of them (or their representative) shall have the right to enforce the provisions of this Indenture that benefit such Holders. 
 SECTION 16.11. 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 16.12. Effect of Headings. The Article and Section headings herein and the Table of
Contents are for convenience only and shall not affect the construction hereof. 
 SECTION 16.13. Severability. If
any provision hereof shall be held to be invalid, illegal or unenforceable under applicable law, then the remaining provisions hereof shall be construed as though such invalid, illegal or unenforceable provision were not contained herein.

 SECTION 16.14. Patriot Act Compliance. The parties hereto acknowledge that in accordance with Section 326 of
the USA Patriot Act the Trustee, like all financial institutions, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens account with the Trustee. The parties to
this Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee to satisfy the requirements of the USA Patriot Act. 

  
 63 

 SIGNATURES 
 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed, all as of [            ], 20[    ].

  

			
	ALPHA NATURAL RESOURCES, INC., as Company
		
	By:	 	  

		 	Name:
		 	Title:
	
	A.T. MASSEY COAL COMPANY, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ALEX ENERGY, Inc., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ALLIANCE COAL CORPORATION, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 64 

 
			
	ALPHA AMERICAN COAL COMPANY, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ALPHA AMERICAN COAL HOLDING, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ALPHA APPALACHIA HOLDINGS, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ALPHA APPALACHIA SERVICES, INC., LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 65 

 
			
	ALPHA, AUSRTALIA, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ALPHA, AUSTRALIA SERVICES, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ALPHA COAL RESOURCES COMPANY, LLC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ALPHA COAL SALES CO., LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ALPHA COAL WEST, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 66 

 
			
	ALPHA ENERGY SALES, LLC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ALPHA EUROPEAN SALES, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ALPHA GAS AND OIL COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ALPHA INDIA, LLC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ALPHA LAND AND RESERVES, LLC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 67 

 
			
	ALPHA MIDWEST HOLDING COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ALPHA NATURAL RESOURCES, LLC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ALPHA NATURAL RESOURCES INTERNATIONAL, LLC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ALPHA NATURAL RESOURCES SERVICES, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 68 

 
			
	ALPHA PA COAL TERMINAL, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ALPHA SHIPPING AND CHARTERING, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ALPHA SUB ONE, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ALPHA SUB TWO, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ALPHA SUB THREE, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 69 

 
			
	ALPHA SUB FOUR, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ALPHA SUB FIVE, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ALPHA TERMINAL COMPANY, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 70 

 
			
	ALPHA WYOMING LAND COMPANY, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	AMFIRE, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	AMFIRE HOLDINGS, LLC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	AMFIRE MINING COMPANY, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	AMFIRE WV, L.P., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 71 

 
			
	APPALACHIA COAL SALES COMPANY, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	APPALACHIA HOLDING COMPANY as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ARACOMA COAL COMPANY, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	AXIOM EXCAVATING AND GRADING SERVICES, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 72 

 
			
	BANDMILL COAL CORPORATION, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	BANDYTOWN COAL COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	BARBARA HOLDINGS INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	BARNABUS LAND COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	BELFRY COAL CORPORATION, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 73 

 
			
	BEN CREEK COAL COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	BIG BEAR MINING COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	BLACK DOG COAL, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	BLACK KING MINE DEVELOPMENT CO., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	BLACK MOUNTAIN RESOURCES, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 74 

 
			
	BOONE EAST DEVELOPMENT CO., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	BOONE ENERGY COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	BOONE WEST DEVELOPMENT CO., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	BROOKS RUN MINING COMPANY, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	BUCHANAN ENERGY COMPANY, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 75 

 
			
	BULL MOUNTAIN MINING CORPORATION, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	CALLAWAY LAND AND RESERVES, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	CASTLE GATE HOLDING COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	CENTRAL PENN ENERGY COMPANY, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 76 

 
			
	CENTRAL WEST VIRGINIA ENERGY COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	CERES LAND COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	CLEAR FORK COAL COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	CLOVERLICK MANAGEMENT, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	COAL GAS RECOVERY, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 77 

 
			
	COBRA NATURAL RESOURCES, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	CORAL ENERGY SERVICES, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	CRYSTAL FUELS COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	CUMBERLAND COAL RESOURCES, LP, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	CUMBERLAND EQUIPMENT CORPORATION, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 78 

 
			
	CUMBERLAND RESOURCES CORPORATION, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	DEHUE COAL COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	DELBARTON MINING COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	DELTA MINE HOLDING COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	DEMETER LAND COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 79 

 
			
	DICKENSON-RUSSELL COAL COMPANY, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	DICKENSON-RUSSELL LAND AND RESERVES, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	DORCHESTER ASSOCIATES LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	DOUGLAS POCAHONTAS COAL CORPORATION, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	DRIH CORPORATION, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 80 

 
			
	DRY SYSTEMS TECHNOLOGIES, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	DUCHESS COAL COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	EAGLE ENERGY, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ELK RUN COAL COMPANY, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	EMERALD COAL RESOURCES, LP, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 81 

 
			
	EN ROUTE LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ENERGY DEVELOPMENT CORPORATION, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ENTERPRISE LAND AND RESERVES, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ENTERPRISE MINING COMPANY, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ESPERANZA COAL CO., LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 82 

			
	FOGLESONG ENERGY COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	FOUNDATION MINING, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	FOUNDATION PA COAL COMPANY, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	FOUNDATION ROYALTY COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	FREEPORT MINING, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 83 

			
	FREEPORT RESOURCES COMPANY, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	GOALS COAL COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	GREEN VALLEY COAL COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	GREAYEAGLE COAL COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	HADEN FARMS, INC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 84 

			
	HANNA LAND COMPANY, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	HARLAN RECLAMATION SERVICES LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	HAZY RIDGE COAL COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	HERNDON PROCESSING COMPANY, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 85 

			
	HIGHLAND MINIGN COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	HOPKINS CREEK COAL COMPANY as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	INDEPENDENCE COAL COMPANYN, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	JACKS BRANCH COAL COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	JAY CREEL HOLDING, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 86 

			
	JOBONER COAL COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	JST LAND COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	JST MINING COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	JST RESOURCES LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	KANAWHA ENERGY COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 87 

			
	KEPLER PROCESSING COMPANY, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	KINGSTON MINING, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	KINGSTON PROCESSING, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	KINGSTON RESOURCES, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	KINGWOOD MINING COMPANY, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 88 

			
	KNOX CREEK COAL CORPORATION, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	LAUREL CREEK CO., INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	LAUREN LAND COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	LAXARE, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	LITWAR PROCESSING COMPANY, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 89 

			
	LOGAN COUNTY MINE SERVICES, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	LONG FORK COAL COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	LYNN BRANCH COAL COMPANY, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	MAGGARD BRANCH COAL LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	MAJESTIC MINING, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 90 

			
	MAPLE MEADOW MINING COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	MARFORK COAL COMPANY, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	MARTIN COUNTY COAL CORPORATION, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	MAXXIM REBUILD CO., LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	MAXXIM SHARED SERVICES, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 91 

			
	MAXXUM CARBON RESOURCES, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	MCDOWELL-WYOMING COAL COMPANY, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	MEADOW BRANCH COAL LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	MILL BRANCH COAL CORPORATION, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 92 

			
	MOUNTAIN MANAGEMENT, INCORPORATED, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	NEW MARKET LAND COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	NEW RIDGE MINING COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	NEW RIVER ENERGY CORPORATION, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 93 

			
	NEWEAGLE COAL SALES CORP., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	NEWEAGLE DEVELOPMENT CORP., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	NEWEAGLE INDUSTRIES, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	NEWEAGLE MINING CORP., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	NICCO CORPORATION, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 94 

			
	NICEWONDER CONTRACTING, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	NICHOLAS ENERGY COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	NINE MILE SPUR LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	NORTH FORK COAL CORPORATION, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ODELL PROCESSING INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 95 

			
	OMAR MINING COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	PALLADIAN LIME, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	PARAMONT COAL COMPANY VIRGINIA, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	PAYNTER BRANCH MINING, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	PEERLESS EAGLE COAL CO., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 96 

			
	PENNSYLVANIA LAND HOLDINGS COMPANY, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	PENNSYLVANIA SERVICES CORPORATION, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	PERFORMANCE COAL COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	PETER CAVE MINING COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 97 

			
	PIGEON CREEK PROCESSING CORPORATION, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	PILGRIM MINING COMPANY, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	PIONEER FUEL CORPORATION, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	PIONEER MINING, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	PLATEAU MINING CORPORATION, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 98 

			
	POWELL RIVER RESOURCES CORPORATION, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	POWER MOUNTAIN COAL COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	PREMIUM ENERGY, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	RAVEN RESOURCES, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	RAWL SALES & PROCESSING CO., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 99 

			
	RED ASH SALES COMPANY, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	RESOURCE DEVELOPMENT LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	RESOURCE LAND COMPANY LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	RIVER PROCESSING CORPORATION, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	RIVEREAGLE CORP., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 100

			
	RIVERSIDE ENERGY COMPANY, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	RIVERTON COAL PRODUCTION INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	RIVERTON COAL SALES, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ROAD FORK DEVELOPMENT COMPANY, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 101

			
	ROBINSON-PHILLIPS COAL COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ROCKSPRING DEVELOPMENT, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	RODA RESOURCES LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	ROSTRAVER ENERGY COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	RUHRKOHLE TRADING CORPORATION, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 102

			
	RUM CREEK COAL SALES, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	RUSSEL FORK COAL COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	SC COAL CORPORATION, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	SCARLET DEVELOPMENT COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	SHANNON-POCAHONTAS COAL CORPORATION, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 103

			
	SHANNON-POCAHONTAS MINING COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	SHENANDOAH CAPITAL MANAGEMENT CORP., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	SIDNEY COAL COMPANY, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	SIMMONS FORK MINING, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 104

			
	SOLOMONS MINING COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	SPARTAN MINING COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	STILLHOUSE MINING LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	STIRRAT COAL COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	STONE MINING COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 105

			
	SUPPORT MINING COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	SYCAMORE FUELS, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	T.C.H. COAL CO., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	TALON LOADOUT COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	TENNESSEE CONSOLIDATED COAL COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 106

			
	TENNESSEE ENERGY CORP., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	TOWN CREEK COAL COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	TRACE CREEK COAL COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	TUCSON LIMITED LIABILITY COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	TWIN STAR MINING, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 107

			
	VANTAGE MINING COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	VIRGINIA ENERGY COMPANY, LLC, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	WABASH MINE HOLDING COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	WARRICK HOLDING COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 108

			
	WEST KENTUCKY ENERGY COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	WHITE BUCK COAL COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	WHITE FLAME ENERGY, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	WILLIAMS MOUNTAIN COAL COMPANY, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	WINIFREDE COAL CORPORATION, as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 109

			
	WYOMAC COAL COMPANY, INC., as Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 110

			
	UNION BANK, N.A., as Trustee
		
	By:	 	  

		 	Name:
		 	Title:

  
 111

 Schedule I 

 

			
	 Guarantor
	  	 Address and Telephone

	Alpha Natural Resources, Inc.	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	A.T. Massey Coal Company, Inc.	  	 P.O Box 457
 Whitesville, WV 25209
 (304) 854-1852

		
	Alex Energy, Inc.	  	 5363 Leivasy Road
 P.O. Box 190
 Leivasy, WV 26676

(304) 846-6600

		
	Alliance Coal Corporation	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Alpha American Coal Company, LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Alpha American Coal Holding, LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Alpha Appalachia Holdings, Inc.	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Alpha Appalachia Services, Inc.	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Alpha Australia Services, LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Alpha Australia LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Alpha Coal Resources Company, LLC	  	 158 Portal Road
 P.O. Box 1020
 Waynesburg, PA 15370

(724) 627-7500

  
 1 

			
	 Guarantor
	  	 Address and Telephone

	Alpha Coal Sales Co., LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA 24209

(276) 619-4410

		
	Alpha Coal West, Inc.	  	 2273 Bishop Road
 Gillette, WY 82718
 (307) 687-3400

		
	Alpha Energy Sales, LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Alpha European Sales, Inc.	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Alpha Gas and Oil Company	  	 158 Portal Road
 P.O. Box 1020
 Waynesburg, PA 15370

(724) 627-7500

		
	Alpha India, LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Alpha Land and Reserves, LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Alpha Midwest Holding Company	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Alpha Natural Resources International, LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Alpha Natural Resources, LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Alpha Natural Resources Services, LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

  
 2 

			
	 Guarantor
	  	 Address and Telephone

	Alpha PA Coal Terminal, LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Alpha Shipping and Chartering, LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Alpha Sub One, LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Alpha Sub Two, LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Alpha Sub Three, LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Alpha Sub Four, LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Alpha Sub Five, LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Alpha Terminal Company, LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Alpha Wyoming Land Company, LLC	  	 2273 Bishop Road
 Gillette, WY 82718
 (307) 687-3400

		
	AMFIRE, LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	AMFIRE Holdings, Inc.	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	AMFIRE Mining Company, LLC	  	 One Energy Place
 Suite 2800
 Latrobe, PA 15650

(724) 537-5731

  
 3 

			
	 Guarantor
	  	 Address and Telephone

	AMFIRE WV, L.P.	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Appalachia Coal Sales Company, Inc.	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Appalachia Holding Company	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Aracoma Coal Company, Inc.	  	 P.O. Box 1098
 Holden, WV 25625
 (304) 239-2300

		
	Axiom Excavating and Grading Services, LLC	  	 5703 Crutchfield Drive
 Norton, VA 24273
 (276) 679-7020

		
	Bandmill Coal Corporation	  	 P. O. Box 1076
 Holden, WV 25654
 (304) 792-2166

		
	Bandytown Coal Company	  	 P.O. Box 777
 Uneeda, WV 25205
 (304) 837-7009

		
	Barbara Holdings Inc.	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Barnabus Land Company	  	 300 Running Right Way
 P.O. Box 261
 Julian, WV 25529

(304) 369-8846

		
	Belfry Coal Corporation	  	 300 Running Right Way
 P.O. Box 261
 Julian, WV 25529

(304) 369-8846

		
	Ben Creek Coal Company	  	 119 North, South 2 Road
 P.O. Box 1098
 Holden, WV 25625

(304) 239-2300

		
	Big Bear Mining Company	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

  
 4 

			
	 Guarantor
	  	 Address and Telephone

	Black Dog Coal, LLC	  	 5703 Crutchfield Drive
 Norton, VA 24273
 (276) 679-7062

		
	Black King Mine Development Co.	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Black Mountain Resources LLC	  	 5703 Crutchfield Drive
 Norton, VA 24273
 (276) 679-7062

		
	Boone East Development Co.	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Boone Energy Company	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Boone West Development Co.	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Brooks Run Mining Company, LLC	  	 208 Business Street
 Beckley, WV 25801
 (304) 256-1015

		
	Buchanan Energy Company, LLC	  	 208 Business Street
 Beckley, WV 25801
 (304) 256-1015

		
	Bull Mountain Mining Corporation	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Callaway Land and Reserves, LLC	  	 208 Business Street
 Beckley, WV 25801
 (304) 256-1015

		
	Castle Gate Holding Company	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA 24209

(276) 619-4410

		
	Central Penn Energy Company, Inc.	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

  
 5 

			
	 Guarantor
	  	 Address and Telephone

	Central West Virginia Energy Company	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Ceres Land Company	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Clear Fork Coal Company	  	 P.O. Box 457
 Whitesville, WV 25209
 (304) 854-1852

		
	Cloverlick Management LLC	  	 5703 Crutchfield Drive
 Norton, VA 24273
 (276) 679-7062

		
	Coal Gas Recovery, LLC	  	 158 Portal Road
 P.O. Box 1020
 Waynesburg, PA 15370

(724) 627-7500

		
	Cobra Natural Resources, LLC	  	 208 Business Street
 Beckley, WV 25801
 (304) 256-1015

		
	Coral Energy Services, LLC	  	 2409 Power Plant Road
 Homer City, PA 15748
 (724) 479-1113

		
	Crystal Fuels Company	  	 484 Tollage Creek Road
 Pikeville, KY 41501
 (606) 218-9101

		
	Cumberland Coal Resources, LP	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Cumberland Equipment Corporation	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Cumberland Resources Corporation	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Dehue Coal Company	  	 300 Running Right Way
 P.O. Box 261
 Julian, WV 25529

(304) 369-8846

		
	Delbarton Mining Company	  	 P.O. Box 1098
 Holden, WV 25625
 (304)
239-2300

  
 6 

			
	 Guarantor
	  	 Address and Telephone

	Delta Mine Holding Company	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Demeter Land Company	  	 300 Running Right Way
 P.O. Box 261
 Julian, WV 25529

(304) 369-8846

		
	Dickenson-Russell Coal Company, LLC	  	 7546 Gravel Lick Road
 Cleveland, VA 24225
 (276) 889-6100

		
	Dickenson-Russell Land and Reserves, LLC	  	 7546 Gravel Lick Road
 Cleveland, VA 24225
 (276) 889-6100

		
	Dorchester Associates LLC	  	 5703 Crutchfield Drive
 Norton, VA 24273
 (276) 679-7020

		
	Douglas Pocahontas Coal Corporation	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	DRIH Corporation	  	 484 Tollage Creek Road
 Pikeville, KY 41501
 (606) 218-9101

		
	Dry Systems Technologies, Inc.	  	 8102 Lemont Road
 Suite 700
 Woodridge, IL 60516

(630) 427-2051

		
	Duchess Coal Company	  	 300 Running Right Way
 P.O. Box 261
 Julian, WV 25529

(304) 369-8846

		
	Eagle Energy, Inc.	  	 P.O. Box 777
 Uneeda, WV 25205
 (304) 837-7009

		
	Elk Run Coal Company, Inc.	  	 P.O. Box 457
 Whitesville, WV 25209
 (304) 854-1852

		
	Emerald Coal Resources, LP	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	En Route LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

  
 7 

			
	 Guarantor
	  	 Address and Telephone

	Energy Development Corporation	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Enterprise Land and Reserves, LLC.	  	 5703 Crutchfield Drive
 Norton, VA 24273
 (276) 679-7020

		
	Enterprise Mining Company, LLC	  	 5703 Crutchfield Drive
 Norton, VA 24273
 (276) 679-7020

		
	Esperanza Coal Co., LLC	  	 7546 Gravel Lick Road
 Cleveland, VA 24225
 (276) 889-6100

		
	Foglesong Energy Company	  	 300 Running Right Way
 P.O. Box 261
 Julian, WV 25529

(304) 369-8846

		
	Foundation Mining, LLC	  	 300 Running Right Way
 P.O. Box 261
 Julian, WV 25529

(304) 369-8846

		
	Foundation PA Coal Company, LLC	  	 158 Portal Road
 P.O. Box 1020
 Waynesburg, PA 15370

(724) 627-7500

		
	Foundation Royalty Company	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Freeport Mining, LLC	  	 158 Portal Road
 P.O. Box 1020
 Waynesburg, PA 15370

(724) 627-7500

		
	Freeport Resources Company, LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Goals Coal Company	  	 P.O. Box 309
 Naoma, WV 25140
 (304) 752-7850

		
	Green Valley Coal Company	  	 5363 Leivasy Road
 P.O. Box 190
 Leivasy, WV 26676

(304) 846-6600

  
 8 

			
	 Guarantor
	  	 Address and Telephone

	Greyeagle Coal Company	  	 484 Tollage Creek Road
 Pikeville, KY 41501
 (606) 218-9101

		
	Haden Farms	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Hanna Land Company, LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Harlan Reclamation Services LLC	  	 5703 Crutchfield Drive
 Norton, VA 24273
 (276) 679-7062

		
	Hazy Ridge Coal Company	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Herndon Processing Company, LLC	  	 P.O. Box 399
 Bud, WV 24716
 (304) 294-4565

		
	Highland Mining Company	  	 P.O. Box 1098
 Holden, WV 25625
 (304) 239-2300

		
	Hopkins Creek Coal Company	  	 484 Tollage Creek Road
 Pikeville, KY 41501
 (606) 218-9101

		
	Independence Coal Company, Inc.	  	 782 Robinson Creek Rd.
 Madison, WV 25130
 (304) 369-7103

		
	Jacks Branch Coal Company	  	 P.O. Box 777
 Uneeda, WV 25205
 (304) 837-7009

		
	Jay Creek Holding, LLC	  	 P.O. Box 3039
 Gillette, WY 82717
 (307) 689-3462

		
	Joboner Coal Company	  	 P.O. Box 457
 Whitesville, WV 25209
 (304) 854-1852

		
	JST Land Company	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

  
 9 

			
	 Guarantor
	  	 Address and Telephone

	JST Mining Company	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	JST Resources LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Kanawha Energy Company	  	 315 70th Street, Suite 200
 Charleston, WV 25304
 (304) 854-1890

		
	Kepler Processing Company, LLC	  	 Route 97-W
 Pineville, WV 24874
 (304) 732-6452

		
	Kingston Mining, Inc.	  	 600 Resource Drive
 Scarbro, WV 25917
 (606) 642-3920

		
	Kingston Processing, Inc.	  	 600 Resource Drive
 Scarbro, WV 25917
 (606) 642-3920

		
	Kingston Resources, Inc.	  	 600 Resource Drive
 Scarbro, WV 25917
 (606) 642-3920

		
	Kingwood Mining Company, LLC	  	 208 Business Street
 Beckley, WV 25801
 (304) 256-1015

		
	Knox Creek Coal Corporation	  	 7546 Gravel Lick Road
 Cleveland, VA 24225
 (276) 889-6100

		
	Laurel Creek Co., Inc.	  	 Right Fork Camp Creek
 P.O. Box 390
 East Lynn, WV 25512

(304) 849-4557

		
	Lauren Land Company	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Laxare, Inc.	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Litwar Processing Company, LLC	  	 P.O. Box 727
 HCR 60, War Branch Road
 Iaeger, WV 24844

(304) 938-3325

  
 10 

			
	 Guarantor
	  	 Address and Telephone

	Logan County Mine Services, Inc.	  	 119 North, South 2 Road
 P.O. Box 1098
 Holden, WV 25625

(304) 239-2300

		
	Long Fork Coal Company	  	 484 Tollage Creek Road
 Pikeville, KY 41501
 (606) 218-9101

		
	Lynn Branch Coal Company, Inc.	  	 484 Tollage Creek Road
 Pikeville, KY 41501
 (606) 218-9101

		
	Maggard Branch Coal LLC	  	 5703 Crutchfield Drive
 Norton, VA 24273
 (276) 679-7062

		
	Majestic Mining, Inc.	  	 315 70th Street, Suite 200
 Charleston, WV 25304
 (304) 854-1890

		
	Maple Meadow Mining Company	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Marfork Coal Company, Inc.	  	 P.O. Box 457
 Whitesville, WV 25209
 (304) 854-1852

		
	Martin County Coal Corporation	  	 484 Tollage Creek Road
 Pikeville, KY 41501
 (606) 218-9101

		
	Maxxim Rebuild Co., LLC	  	 300 Running Right Way
 P.O. Box 261
 Julian, WV 25529

(304) 369-8846

		
	Maxxim Shared Services, LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Maxxum Carbon Resources, LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	McDowell-Wyoming Coal Company, LLC	  	 Route 97-W
 P.O. Box 1530
 Pineville, WV 24874

(304) 732-6452

  
 11 

			
	 Guarantor
	  	 Address and Telephone

	Meadow Branch Coal LLC	  	 5703 Crutchfield Drive
 Norton, VA 24273
 (276) 679-7020

		
	Mill Branch Coal Corporation	  	 5703 Crutchfield Drive
 Norton, VA 24273
 (276) 679-7020

		
	Mountain Management, Incorporated	  	 5703 Crutchfield Drive
 Norton, VA 24273
 (276) 679-7020

		
	New Market Land Company	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	New Ridge Mining Company	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	New River Energy Corporation	  	 158 Portal Road
 P.O. Box 1020
 Waynesburg, PA 15370

(724) 627-7500

		
	Neweagle Coal Sales Corp.	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Neweagle Development Corp.	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Neweagle Industries, Inc.	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Neweagle Mining Corp.	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Nicco Corporation	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Nicewonder Contracting, Inc.	  	 208 Business Street
 Beckley, WV 25801
 (304)
256-1015

  
 12 

			
	 Guarantor
	  	 Address and Telephone

	Nicholas Energy Company	  	 315 70th Street, Suite 200
 Charleston, WV 25304
 (304) 854-1890

		
	Nine Mile Spur LLC	  	 5703 Crutchfield Drive
 Norton, VA 24273
 (276) 679-7020

		
	North Fork Coal Corporation	  	 5703 Crutchfield Drive
 Norton, VA 24273
 (276) 679-7020

		
	Odell Processing Inc.	  	 Right Fork Camp Creek
 P.O. Box 390
 East Lynn, WV 25512

(304) 849-4557

		
	Omar Mining Company	  	 782 Robinson Creek Rd.
 Madison, WV 25130
 (304) 369-7103

		
	Palladian Lime, LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Paramont Coal Company Virginia, LLC	  	 5703 Crutchfield Drive
 Norton, VA 24273
 (276) 679-7020

		
	Paynter Branch Mining, Inc.	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA 24209

(276) 619-4410

		
	Peerless Eagle Coal Co.	  	 315 70th Street, Suite 200
 Charleston, WV 25304
 (304) 854-1890

		
	Pennsylvania Land Holdings Company, LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA 24209

(276) 619-4410

		
	Pennsylvania Services Corporation	  	 158 Portal Road
 P.O. Box 1020
 Waynesburg, PA 15370

(724) 627-7500

		
	Performance Coal Company	  	 P.O. Box 457
 Whitesville, WV 25209
 (304) 854-1852

		
	Peter Cave Mining Company	  	 484 Tollage Creek Road
 Pikeville, KY 41501
 (606)
218-9101

  
 13 

			
	 Guarantor
	  	 Address and Telephone

	Pigeon Creek Processing Corporation	  	 5703 Crutchfield Drive
 Norton, VA 24273
 (276) 679-7020

		
	Pilgrim Mining Company, Inc.	  	 484 Tollage Creek Road
 Pikeville, KY 41501
 (606) 218-9101

		
	Pioneer Fuel Corporation	  	 600 Resource Drive
 Scarbro, WV 25917
 (606) 642-3920

		
	Pioneer Mining, Inc.	  	 600 Resource Drive
 Scarbro, WV 25917
 (606) 642-3920

		
	Plateau Mining Corporation	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Powell River Resources Corporation	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Power Mountain Coal Company	  	 P.O. Box 707
 Summersville, WV 26651
 (304) 872-5065

		
	Premium Energy, LLC	  	 119 North, South 2 Road
 P.O. Box 1098
 Holden, WV 25625

(304) 239-2300

		
	Raven Resources, Inc.	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Rawl Sales & Processing Co.	  	 484 Tollage Creek Road
 Pikeville, KY 41501
 (606) 218-9101

		
	Red Ash Sales Company, Inc.	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA 24209

(276) 619-4410

		
	Resource Development LLC	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Resource Land Company LLC	  	 5703 Crutchfield Drive
 Norton, VA 24273
 (276)
679-7062

  
 14 

			
	 Guarantor
	  	 Address and Telephone

	River Processing Corporation	  	 158 Portal Road
 P.O. Box 1020
 Waynesburg, PA 15370

(724) 627-7500

		
	Rivereagle Corp.	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA 24209

(276) 619-4410

		
	Riverside Energy Company, LLC	  	 208 Business Street
 Beckley, WV 25801
 (304) 256-1015

		
	Riverton Coal Production Inc.	  	 P. O. Box 261
 Julian, WV 25529
 (304) 369-8848

		
	Riverton Coal Sales, Inc.	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA 24209

(276) 619-4410

		
	Road Fork Development Company, Inc.	  	 484 Tollage Creek Road
 Pikeville, KY 41501
 (606) 218-9101

		
	Robinson-Phillips Coal Company	  	 484 Tollage Creek Road
 Pikeville, KY 41501
 (606) 218-9101

		
	Rockspring Development, Inc.	  	 Right Fork Camp Creek
 P.O. Box 390
 East Lynn, WV 25512

(304) 849-4557

		
	Roda Resources LLC	  	 5703 Crutchfield Drive
 Norton, VA 24273
 (276) 679-7020

		
	Rostraver Energy Company	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Ruhrkohle Trading Corporation	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Rum Creek Coal Sales, Inc.	  	 P.O. Box 1098
 Holden, WV 25625
 (304) 752-7850

		
	Russell Fork Coal Company	  	 484 Tollage Creek Road
 Pikeville, KY 41501
 (606)
218-9101

  
 15 

			
	 Guarantor
	  	 Address and Telephone

	SC Coal Corporation	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Scarlet Development Company	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Shannon-Pocahontas Coal Corporation	  	 484 Tollage Creek Road
 Pikeville, KY 41501
 (606) 218-9101

		
	Shannon-Pocahontas Mining Company	  	 484 Tollage Creek Road
 Pikeville, KY 41501
 (606) 218-9101

		
	Shenandoah Capital Management Corp.	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Sidney Coal Company, Inc.	  	 484 Tollage Creek Road
 Pikeville, KY 41501
 (606) 218-9101

		
	Simmons Fork Mining, Inc.	  	 600 Resource Drive
 Scarbro, WV 25917
 (606) 642-3920

		
	Solomons Mining Company	  	 484 Tollage Creek Road
 Pikeville, KY 41501
 (606) 218-9101

		
	Spartan Mining Company	  	 208 Business Street
 Beckley, WV 25801
 (304) 256-1015

		
	Stillhouse Mining LLC	  	 5703 Crutchfield Drive
 Norton, VA 24273
 (276) 679-7062

		
	Stirrat Coal Company	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Stone Mining Company	  	 484 Tollage Creek Road
 Pikeville, KY 41501
 (606) 218-9101

		
	Support Mining Company	  	 782 Robinson Creek Rd.
 Madison, WV 25130
 (304) 369-7103

		
	Sycamore Fuels, Inc.	  	 484 Tollage Creek Road
 Pikeville, KY 41501
 (606)
218-9101

  
 16 

			
	 Guarantor
	  	 Address and Telephone

	T.C.H Coal Co.	  	 484 Tollage Creek Road
 Pikeville, KY 41501
 (606) 218-9101

		
	Talon Loadout Company	  	 P.O. Box 777
 Uneeda, WV 25205
 (304) 837-7009

		
	Tennessee Consolidated Coal Company	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Tennessee Energy Corp.	  	 300 Running Right Way
 P.O. Box 261
 Julian, WV 25529

(304) 369-8846

		
	Town Creek Coal Company	  	 484 Tollage Creek Road
 Pikeville, KY 41501
 (606) 218-9101

		
	Trace Creek Coal Company	  	 119 North, South 2 Road
 P.O. Box 1098
 Holden, WV 25625

(304) 239-2300

		
	Tucson Limited Liability Company	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Twin Star Mining, Inc.	  	 119 North, South 2 Road
 P.O. Box 1098
 Holden, WV 25625

(304) 239-2300

		
	Vantage Mining Company	  	 484 Tollage Creek Road
 Pikeville, KY 41501
 (606) 218-9101

		
	Virginia Energy Company, LLC	  	 208 Business Street
 Beckley, WV 25801
 (304) 256-1015

		
	Wabash Mine Holding Company	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	Warrick Holding Company	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

  
 17 

			
	 Guarantor
	  	 Address and Telephone

	West Kentucky Energy Company	  	 One Alpha Place
 P.O. Box 16429
 Bristol, VA, 24209

(276) 619-4410

		
	White Buck Coal Company	  	 5363 Leivasy Road
 P.O. Box 190
 Leivasy, WV 26676

(304) 846-6600

		
	White Flame Energy, Inc.	  	 119 North, South 2 Road
 P.O. Box 1098
 Holden, WV 25625

(304) 239-2300

		
	Williams Mountain Coal Company	  	 300 Running Right Way
 P.O. Box 261
 Julian, WV 25529

(304) 369-8846

		
	Winifrede Coal Corporation	  	 5703 Crutchfield Drive
 Norton, VA 24273
 (276) 679-7062

		
	Wyomac Coal Company, Inc	  	 484 Tollage Creek Road
 Pikeville, KY 41501
 (606) 218-9101

  
 18EX-4.1

 Exhibit 4.1 
 NISSAN MASTER OWNER TRUST RECEIVABLES 
 Issuer 

U.S. BANK NATIONAL ASSOCIATION 
 Indenture Trustee 
 SERIES 2013-A 

INDENTURE SUPPLEMENT 
 Dated as of February 28, 2013 
 NISSAN MASTER OWNER TRUST RECEIVABLES,

 SERIES 2013-A 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I
	 	CREATION OF SERIES 2013-A NOTES	  	 	2	  
			
	 Section 1.01.
	 	Designation	  	 	2	  
			
	 ARTICLE II
	 	DEFINITIONS	  	 	2	  
			
	 Section 2.01.
	 	Definition	  	 	2	  
	 Section 2.02.
	 	Other Definitional Provisions	  	 	14	  
	 Section 2.03.
	 	Registration of and Limitations on Transfer and Exchange of Notes	  	 	15	  
	 Section 2.04.
	 	Definitive Notes	  	 	16	  
			
	 ARTICLE III
	 	SERVICING FEE	  	 	17	  
			
	 Section 3.01.
	 	Servicing Compensation	  	 	17	  
			
	 ARTICLE IV
	 	RIGHTS OF SERIES 2013-A NOTEHOLDERS AND ALLOCATION AND APPLICATION OF COLLECTIONS	  	 	17	  
			
	 Section 4.01.
	 	Collections and Allocations	  	 	17	  
	 Section 4.02.
	 	Determination of Monthly Interest	  	 	20	  
	 Section 4.03.
	 	Advances	  	 	20	  
	 Section 4.04.
	 	Application of Available Amounts on Deposit in the Collection Account, the Accumulation Account and Other Sources of Payment	  	 	21	  
	 Section 4.05.
	 	Investor Charge-Offs	  	 	26	  
	 Section 4.06.
	 	Reallocated Principal Collections	  	 	27	  
	 Section 4.07.
	 	Excess Interest Amounts	  	 	27	  
	 Section 4.08.
	 	Excess Principal Amounts	  	 	27	  
	 Section 4.09.
	 	Series Nominal Liquidation Amount, Overcollateralization Amount and Invested Amount	  	 	28	  
	 Section 4.10.
	 	Establishment of Accumulation Account	  	 	29	  
	 Section 4.11.
	 	Accumulation Period	  	 	30	  
	 Section 4.12.
	 	Establishment of Reserve Account	  	 	31	  
	 Section 4.13.
	 	Determination of LIBOR	  	 	32	  
			
	 ARTICLE V
	 	DELIVERY OF SERIES 2013-A NOTES; DISTRIBUTIONS; REPORTS TO SERIES 2013-A NOTEHOLDERS	  	 	34	  
			
	 Section 5.01.
	 	Delivery and Payment for Series 2013-A Notes	  	 	34	  
	 Section 5.02.
	 	Distributions	  	 	34	  
	 Section 5.03.
	 	Reports and Statements to Series 2013-A Noteholders	  	 	34	  
	 Section 5.04.
	 	Tax Treatment	  	 	35	  
	 Section 5.05.
	 	Information to be Provided by the Indenture Trustee	  	 	35	  
			
	 ARTICLE VI
	 	SERIES 2013-A EARLY AMORTIZATION EVENTS	  	 	35	  
			
	 Section 6.01.
	 	Series 2013-A Early Amortization Events	  	 	35	  
			
	 ARTICLE VII
	 	REDEMPTION OF SERIES 2013-A NOTES; SERIES FINAL MATURITY; FINAL DISTRIBUTIONS	  	 	38	  
			
	 Section 7.01.
	 	Redemption of Series 2013-A Notes	  	 	38	  

  
 -i-

							
	 Section 7.02.
	 	Series Final Maturity	  	 	39	  
	 Section 7.03.
	 	No Defeasance	  	 	39	  
			
	 ARTICLE VIII
	 	MISCELLANEOUS PROVISIONS	  	 	39	  
			
	 Section 8.01.
	 	Ratification of Agreement	  	 	39	  
	 Section 8.02.
	 	Form of Delivery of Series 2013-A Notes	  	 	39	  
	 Section 8.03.
	 	Notices	  	 	40	  
	 Section 8.04.
	 	Amendments and Waivers	  	 	40	  
	 Section 8.05.
	 	Counterparts	  	 	42	  
	 Section 8.06.
	 	Governing Law	  	 	42	  
	 Section 8.07.
	 	Effect of Headings and Table of Contents	  	 	42	  
	 Section 8.08.
	 	Waiver of Jury Trial	  	 	42	  
	 Section 8.09.
	 	Compliance with Regulation AB	  	 	42	  

  

					
	 EXHIBIT A
	  	Form of Series 2013-A Note	  	A-1
	EXHIBIT B	  	Form of Monthly Servicer’s Statement	  	B-1
	EXHIBIT C	  	Form of Authorized Officer Certificate	  	C-1
			
	APPENDIX A    	  	Regulation AB Representations, Warranties And Covenants	  	

  
 -ii-

 SERIES 2013-A INDENTURE SUPPLEMENT, dated as of February 28, 2013 (as amended,
supplemented or otherwise modified from time to time, the “Indenture Supplement”), by and between NISSAN MASTER OWNER TRUST RECEIVABLES, a Delaware statutory trust, as issuer (the “Issuer”), and U.S. BANK
NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States, as Indenture Trustee (the “Indenture Trustee”). 

RECITALS 

A. Section 2.12 of the Indenture provides, among other things, that the Issuer and the Indenture Trustee may at any time and from
time to time enter into an Indenture Supplement to authorize the issuance by the Issuer of Notes in one or more Series. 
 B. The
parties to this Indenture Supplement, by executing and delivering this Indenture Supplement, are providing for the creation of the Series 2013-A Notes and specifying the principal terms thereof. 

In consideration of the mutual covenants and agreements contained in this Indenture Supplement, and other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
 GRANTING
CLAUSES 
 In addition to the Grant of the Indenture, the Issuer hereby Grants to the Indenture Trustee, for the exclusive
benefit of the Holders of the Series 2013-A Notes, all of the Issuer’s right, title and interest (whether now owned or hereafter acquired) in, to and under: 

(i) all Collections on the Receivables allocated to the Holders of the Series 2013-A Notes; 

(ii) the Accumulation Account, the Reserve Account and all amounts on deposit therein from time to time; and 

(iii) all present and future claims, demands, causes of action and choses in action regarding the foregoing and all
payments on the foregoing and all proceeds of any nature whatsoever regarding the foregoing, including all proceeds of the voluntary or involuntary conversion thereof into cash or other liquid property and all cash proceeds, accounts, accounts
receivable, notes, drafts, acceptances, chattel paper, general intangibles, goods, checks, deposit accounts, instruments, investment property, money, insurance proceeds, condemnation awards, rights to payment of any kind and other forms of
obligations and receivables, instruments and other property that at any time constitute any part of or are included in the proceeds of the foregoing. 
 The foregoing Grants are made in trust to secure (a) the Issuer’s obligations under the Series 2013-A Notes equally and ratably without prejudice, priority, or distinction between any Series
2013-A Note and any other Series 2013-A Note, (b) the payment of all other sums payable under the Series 2013-A Notes, the Indenture and this Indenture Supplement and (c) the 

 
compliance with the terms and conditions of the Series 2013-A Notes, the Indenture and this Indenture Supplement, all as provided herein or therein. 

The Indenture Trustee acknowledges such Grant, accepts the trusts hereunder in accordance with the provisions hereof and agrees to
perform the duties herein required to the end that the interests of Series 2013-A Noteholders may be adequately protected. 

ARTICLE I 

CREATION OF SERIES 2013-A NOTES 
 Section 1.01. Designation. 
 (a) There is hereby created a Series of
Notes to be issued by the Issuer on the Series 2013-A Issuance Date pursuant to the Indenture and this Indenture Supplement to be known as the “Nissan Master Owner Trust Receivables, Series 2013-A Notes” or
the “Series 2013-A Notes.” The Series 2013-A Notes will be due and payable on the Series 2013-A Final Maturity Date. 
 (b) The Series 2013-A Notes will be included in Excess Interest Sharing Group One and in Excess Principal Sharing Group One. The Series 2013-A Notes shall not be subordinated to any other Series.

 (c) The first Payment Date with respect to the Series 2013-A Notes shall be March 15, 2013. The first Interest Period
will consist of 15 days, and interest will be calculated on the basis of the actual number of days elapsed in such period and a year of 360 days. 
 (d) The Series 2013-A Notes are “Notes” and this Indenture Supplement is an “Indenture Supplement” for all purposes under the Indenture. If any provision of the Series 2013-A
Notes or this Indenture Supplement conflicts with or is inconsistent with any provision of the Indenture, the provisions of the Series 2013-A Notes or this Indenture Supplement, as the case may be, control. 

(e) Each term defined in Section 2.01 of this Indenture Supplement relates only to Series 2013-A and this Indenture Supplement and to
no other Series or Indenture Supplement. 
 ARTICLE II 
 DEFINITIONS 
 Section 2.01. Definition. 

Whenever used in this Indenture Supplement, the following words and phrases have the following meanings, and the definitions of such terms
are applicable to the singular as well as the plural forms of such terms and to the masculine as well as to the feminine and neuter genders of such terms. 

  
 2 

 “2008-1 Warehouse Series Indenture Supplement” means the 2008-1 Warehouse
Series Second Amended and Restated Indenture Supplement, dated as of January 27, 2010, by and between the Issuer and Indenture Trustee, as amended by the First Amendment to 2008-1 Warehouse Series Second Amended and Restated Indenture
Supplement, dated as of January 26, 2011, by and between the Issuer and Indenture Trustee and as further amended by the Second Amendment to 2008-1 Warehouse Series Second Amended and Restated Indenture Supplement, dated as of January 25,
2012, by and between the Issuer and Indenture Trustee. 
 “2008-1 Warehouse Series Notes” means any one of the
Notes executed by the Issuer and authenticated by or on behalf of the Indenture Trustee substantially in the form set forth in the 2008-1 Warehouse Series Indenture Supplement. 
 “Accumulation Account” has the meaning specified in Section 4.10(a). 
 “Accumulation Period” means, unless an Early Amortization Period shall have occurred prior thereto, the period commencing on the Accumulation Period Commencement Date and terminating on
the earlier of (i) the close of business on the day immediately preceding the date on which an Early Amortization Period commences and (ii) the last day of the Collection Period preceding the Payment Date on which the Series 2013-A
Outstanding Principal Amount is expected to be paid in full. 
 “Accumulation Period Commencement Date” means,
the close of business on August 1, 2015 or such later date as is determined in accordance with Section 4.11. 

“Accumulation Period Length” has the meaning specified in Section 4.11. 

“Accumulation Shortfall” means (i) on the first Payment Date with respect to the Accumulation Period, zero and
(ii) thereafter, on each Payment Date with respect to the Accumulation Period, the excess, if any of the Controlled Deposit Amount for the preceding Payment Date over all amounts deposited in the Accumulation Account pursuant to
Section 4.04(d)(i) on such Payment Date. 
 “Additional Interest” has the meaning set forth in
Section 4.02(b). 
 “Adjusted Pool Balance” means, as of any day in a Collection Period, the sum of the
Pool Balance and amounts on deposit in the Excess Funding Account (determined after giving effect to amounts transferred to the Issuer on that date) on such day. 
 “Advance” has the meaning set forth in Section 4.03. 

“Annex of Definitions” shall mean the Annex of Definitions attached to the Transfer and Servicing Agreement, as amended,
supplemented or otherwise modified from time to time. 
 “Calculation Agent” means, initially, the Indenture
Trustee and, thereafter, any other Person designated by the Indenture Trustee to act in such capacity. 

  
 3 

 “Cash Management Account” means one or more deposit, demand deposit or
similar accounts or any securities account administered by NMAC, into which a Dealer may, from time to time, pursuant to a cash management agreement between NMAC and such Dealer, deposit funds for the purpose of reducing the balance on which
interest accrues under the Floorplan Financing Agreement between NMAC and such Dealer. 
 “Cash Management Account
Balance” means, at any time, the aggregate of all amounts in the Cash Management Account pursuant to the applicable cash management agreement between NMAC and a Dealer. 

“Clearstream” means Clearstream Banking. 
 “Code” means the Internal Revenue Code of 1986. 

“Collection Period” means, (i) with respect to the March 2013 Payment Date, the period commencing on (and including)
February 1, 2013 and ending on (and including) February 28, 2013 and (ii) with respect to any other Payment Date, the calendar month preceding the month in which that Payment Date occurs. 

“Controlled Accumulation Amount” means, for any Payment Date with respect to the Accumulation Period, $166,666,667;
provided, however, that if the Accumulation Period Length is determined to be less than six months pursuant to Section 4.11, the Controlled Accumulation Amount for each Payment Date with respect to the Accumulation Period shall be
equal to the quotient obtained by dividing (i) the Series 2013-A Initial Invested Amount by (ii) the Accumulation Period Length. 
 “Controlled Deposit Amount” means, for any Payment Date with respect to the Accumulation Period, an amount equal to the sum of the Controlled Accumulation Amount for such Payment Date and
any Accumulation Shortfall existing on such Payment Date. 
 “Corporate Trust Office” means
the office of the Indenture Trustee, 190 South LaSalle Street, 7th Floor, Chicago, Illinois 60603, or any successor office at which at any particular time the Indenture and this Indenture Supplement will be administered. 

“Covered Amount” means, for any day on which amounts are on deposit in the Accumulation Account, an amount equal to the
product of (i) a fraction, the numerator of which is 1 and the denominator of which is 360, (ii) the Note Interest Rate with respect to the Interest Period in which such day occurs and (iii) the sum of (x) the aggregate amount on
deposit in the Accumulation Account, if any, on such day, and (y) the Series 2013-A Allocation Percentage of amounts on deposit in the Excess Funding Account on such day, if any, in each case, after giving effect to any deposit thereto on such
day. 
 “Currency Swap Agreement” shall mean any currency swap agreement, entered into pursuant to
Section 2.03 of the Trust Agreement and Section 5.08 of the Transfer and Servicing Agreement, including all schedules and confirmations thereto, entered into by the Issuer and the Currency Swap Counterparty, as the same may be amended,
supplemented, renewed, extended or replaced from time to time. 

  
 4 

 “Currency Swap Counterparty” shall mean an unaffiliated third party, as
currency swap counterparty under the Currency Swap Agreement, or any successor or replacement swap counterparty from time to time under the Currency Swap Agreement. 
 “Dealer Overconcentrations” means, for any Payment Date, with respect to the following Dealers or groups of affiliated Dealers, the sum of the following: 

(A) the amount by which the aggregate balance of Principal Receivables due from AutoNation, Inc. and its Affiliates, less any amounts in
the Cash Management Account relating to such Receivables, exceeds 10% of the Pool Balance, in each case, on the last day of the Collection Period immediately preceding such Payment Date; 

(B) the amount by which the aggregate balance of Principal Receivables, less any amounts in the Cash Management Account relating to such
Receivables, due from the first largest Dealer or group of Dealers which are Affiliates, excluding AutoNation, Inc., exceeds 4.00% of the Pool Balance, in each case, on the last day of the Collection Period immediately preceding such Payment Date;

 (C) the amount by which the aggregate balance of Principal Receivables, less any amounts in the Cash Management Account
relating to such Receivables, due from the second largest Dealer or group of Dealers which are Affiliates, excluding AutoNation, Inc., exceeds 3.50% of the Pool Balance, in each case, on the last day of the Collection Period immediately preceding
such Payment Date; 
 (D) the amount by which the aggregate balance of Principal Receivables, less any amounts in the Cash
Management Account relating to such Receivables, due from the third largest Dealer or group of Dealers which are Affiliates, excluding AutoNation, Inc., exceeds 3.25% of the Pool Balance, in each case, on the last day of the Collection Period
immediately preceding such Payment Date; 
 (E) the amount by which the aggregate balance of Principal Receivables, less any
amounts in the Cash Management Account relating to such Receivables, due from the fourth largest Dealer or group of Dealers which are Affiliates, excluding AutoNation, Inc., exceeds 2.50% of the Pool Balance, in each case, on the last day of the
Collection Period immediately preceding such Payment Date; and 
 (F) the amount by which the aggregate balance of Principal
Receivables, less any amounts in the Cash Management Account relating to such Receivables, due from any other Dealer or group of Dealers which are Affiliates exceeds 2.00% of the Pool Balance, in each case, on the last day of the Collection Period
immediately preceding such Payment Date. 
 “Defaulted Amount” means, for any day in a Collection Period, an
amount (which shall not be less than zero) equal to (a) the principal balance of Receivables (net of any amounts in the Cash Management Account with respect to such Receivables) that became Defaulted Receivables on such day, minus
(b) the principal amount of any such Defaulted Receivables which are subject to reassignment to the Transferor in accordance with the terms of the Transfer and Servicing Agreement (except that if an Insolvency Event occurs with respect to the
Transferor, the amount of such Defaulted Receivables that are subject to reassignment to the 

  
 5 

 
Transferor shall be zero); minus (c) the principal amount of any such Defaulted Receivables which are to be purchased by the Servicer in accordance with the terms of the Transfer and
Servicing Agreement (except that if an Insolvency Event occurs with respect to the Servicer, the amount of such Defaulted Receivables that are subject to purchase by the Servicer shall be zero). 

“Depository” means The Depository Trust Company or any successor appointed by the Issuer. 

“Designated LIBOR Page” means the display on Reuters Screen, LIBOR01 Page or any successor service or any page as may
replace the designated page on that service or any successor service that displays the London interbank rates of major banks for U.S. Dollars. 
 “Designated Standard” means generally accepted accounting principles or international financial reporting standards, as selected by NMAC. 

“Determination Date” means, for any Payment Date, the day that is two Business Days before such Payment Date and is the
date on which payments to Series 2013-A Noteholders are determined. 
 “Early Amortization Event” means any
event deemed to be an Early Amortization Event pursuant to Section 6.01. 
 “Early Amortization Period”
means a period beginning on the day on which an Early Amortization Event occurs and terminating on the earliest of (i) the last day of the Collection Period preceding the Payment Date on which the Series 2013-A Outstanding Principal Amount is
to be paid in full, (ii) if the Early Amortization Period has commenced before the commencement of the Accumulation Period, the day on which the Revolving Period recommences under the circumstances described in the Indenture and in
Section 6.01 and (iii) the Trust Termination Date. 
 “ERISA” means the Employee Retirement Income
Security Act of 1974. 
 “Excess Interest Amounts” means, with respect to Series 2013-A, for any Payment Date,
the excess (if any) of (i) the Series 2013-A Investor Available Interest Amounts for such Payment Date over (ii) the full amount required to be paid, without duplication, pursuant to clauses (i) through (vi) of
Section 4.04(a) on such Payment Date. 
 “Excess Interest Sharing Group One” means Series 2013-A and each
other Series specified in the related Indenture Supplement to be included in Excess Interest Sharing Group One from which, or to which, Excess Interest Amounts (and comparable amounts with respect to each such other Series) may be allocated to cover
shortfalls in payments or deposits of the other Series in Excess Interest Sharing Group One. 
 “Excess Principal
Amounts” means, with respect to Series 2013-A, for any Payment Date, (i) during the Revolving Period, the Series 2013-A Investor Available Principal Amounts for the Collection Period related to such Payment Date, and (ii) during
the Accumulation Period or the Early Amortization Period, the excess, if any, of (a) the Series 2013-A Investor Available Principal Amounts for the Collection Period related to such 

  
 6 

 
Payment Date over (b) the full amount required to be paid or deposited, without duplication, pursuant to clause (i) of Section 4.04(d) or clause (i) of Section 4.04(e) on
such Payment Date. 
 “Excess Principal Sharing Group One” means Series 2013-A and each other Series specified
in the related Indenture Supplement to be included in Excess Principal Sharing Group One from which, or to which, Excess Principal Amounts (and comparable amounts with respect to each such other Series) may be allocated to cover shortfalls in
payments or deposits of the other Series in Excess Principal Sharing Group One. 
 “Hired Rating Agency” means
any nationally recognized statistical rating organization that is hired by NMAC, as sponsor, to assign ratings on the Series 2013-A Notes and is then rating the Series 2013-A Notes. 

“Incremental Overcollateralization Amount” means, on any Payment Date, the product obtained by multiplying (i) a
fraction, the numerator of which is the Series 2013-A Invested Amount on such Payment Date before giving effect to distributions on such date, and the denominator of which is the Pool Balance as of the last day of the preceding Collection Period by
(ii) the sum of: 
 (A) the aggregate principal amount of Ineligible Receivables, other than Ineligible Receivables that
(I) became Defaulted Receivables during the preceding Collection Period or (II) are subject to reassignment from the Issuer; 
 (B) the Dealer Overconcentrations, other than the aggregate balance of Principal Receivables which comprise the Dealer Overconcentrations that (I) became Defaulted Receivables during the preceding
Collection Period or (II) are subject to reassignment from the Issuer; and 
 (C) the amount by which the aggregate balance of
Principal Receivables relating to Used Vehicles and Pre-Owned Vehicles less any amounts in the Cash Management Account relating to such Receivables exceeds 20% of the Pool Balance; 
 minus the reductions, and plus the reinstatements, in the Incremental Overcollateralization Amount as provided in Section 4.09. Each of clauses (A), (B) and (C) above shall be calculated on
each Determination Date using balances and amounts as of the last day of the Collection Period preceding such Determination Date. 
 “Indenture” means the Indenture, dated as of July 24, 2003, between the Issuer and the Indenture Trustee, as amended and restated as of October 15, 2003 and as the same may be
further amended, supplemented or otherwise modified from time to time. 
 “Interest Deficiency” has the meaning
specified in Section 4.02(b). 
 “Interest Determination Date” means, with respect to any Interest Period,
the day that is two London Business Days prior to the first day of such Interest Period (or if such day is not a Business Day, the next Business Day). 

  
 7 

 “Interest Period” means, with respect to any Payment Date, the period from
and including the Payment Date immediately preceding such Payment Date (or, in the case of the first Payment Date, from and including the Series 2013-A Issuance Date) to but excluding such Payment Date. 

“Interest Shortfall” means, with respect to Series 2013-A for any Payment Date, the excess, if any, of (a) the full
amount required to be paid, without duplication, pursuant to clauses (i) through (iv) of Section 4.04(a) on such Payment Date over (b) the Series 2013-A Investor Available Interest Amounts for such Payment Date. 

“Investor Charge-Offs” has the meaning specified in Section 4.05. 

“LIBOR” has the meaning specified in Section 4.13. 

“London Business Day” means any day on which dealings in deposits in U.S. Dollars are transacted in the London interbank
market. 
 “Monthly Interest” has the meaning specified in Section 4.02(a). 

“Monthly Payment Rate” means, with respect to any Collection Period, the percentage equivalent of a fraction, the
numerator of which is the Principal Collections with respect to such Collection Period and the denominator of which is the average of the Pool Balance on the first and last day of such Collection Period. 

“Monthly Servicing Fee” means, for any Payment Date, an amount equal to one-twelfth of the product of (a) the
Servicing Fee Rate and (b) the arithmetic average of the Series 2013-A Nominal Liquidation Amount as of each day during the preceding Collection Period. 
 “Nonrecoverable Advance” means any Outstanding Advance with respect to (i) any Defaulted Receivable or (ii) any Receivable as to which the Servicer reasonably believes that any
recovery from payments made on or with respect to such Receivable will not equal or exceed the amount of such Advance. 

“Note Interest Rate” means, with respect to any Interest Period, a per annum rate equal to LIBOR as determined on the
related Interest Determination Date plus 0.30% per annum. 
 “Outstanding Advances” means, with respect to
a Receivable and the last day of a Collection Period, the sum of all Advances made as of or prior to such date, minus all payments or collections as of or prior to such date that are specified in Sections 4.03(c) and 4.03(d) as applied to reimburse
all unpaid Advances with respect to such Receivable. 
 “Payment Date” means March 15,
2013 and the 15th day of each calendar month thereafter,
or if such 15th day is not a Business Day, the next
succeeding Business Day. 
 “Primary Series 2013-A Overcollateralization Amount” means, as of any Payment Date,
the Series 2013-A Overcollateralization Percentage of the Series 2013-A Initial Principal 

  
 8 

 
Amount on such date minus the reductions, and plus the reinstatements, in the Primary Series 2013-A Overcollateralization Amount as provided in Section 4.09. 

“Principal Shortfall” means, with respect to Series 2013-A, (a) for any Payment Date with respect to the Revolving
Period, zero, (b) for any Payment Date with respect to the Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to such Payment Date over the amount of Series 2013-A Investor Available Principal Amounts for
such Payment Date and (c) for any Payment Date with respect to the Early Amortization Period, the excess, if any, of the Series 2013-A Invested Amount over the amount of Series 2013-A Investor Available Principal Amounts for such Payment Date.

 “Prospectus” means the final prospectus supplement dated February 20, 2013 and related base prospectus
dated February 14, 2013, relating to the offering of the Series 2013-A Notes. 
 “Rating Agency”
means, with respect to any series of Notes, any nationally recognized statistical rating organization that is hired by NMAC, as sponsor, to assign ratings on such series of Notes and is then rating such series of Notes. 

“Reallocated Principal Collections” means, with respect to any Payment Date, the amount of Series 2013-A Investor
Available Principal Amounts reallocated in accordance with Section 4.06, which amount shall not exceed the Series 2013-A Overcollateralization Amount for such Payment Date (after giving effect to any changes therein on such Payment Date).

 “Reassignment Amount” means, with respect to any Payment Date, after giving effect to any deposits and
distributions otherwise to be made on such Payment Date, the sum of (a) the Series 2013-A Outstanding Principal Amount on such Payment Date, plus (b) Monthly Interest for such Payment Date and any Monthly Interest previously due but
not distributed to the Series 2013-A Noteholders, plus (c) Additional Interest, if any, for such Payment Date and any Additional Interest previously due but not distributed to the Series 2013-A Noteholders on a prior Payment Date.

 “Required Federal Income Tax Opinion” means, with respect to the Issuer as to any action, an opinion of
counsel to the effect that, for federal income tax purposes (i) the action will not adversely affect the tax characterization as debt of the notes of any outstanding Series or Class issued by the Issuer that were characterized as debt at the
time of their issuance, (ii) the action will not cause the Issuer to be treated as an association (or publicly traded partnership) taxable as a corporation and (iii) the action will not cause or constitute an event in which gain or loss
would be recognized by any holder of notes of any outstanding Series or Class issued by the Issuer. 
 “Required
Participation Amount” means the sum of (i) the sum of the required participation percentages (including the Required Participation Percentage) for each outstanding Series multiplied by the respective Invested Amount (including the
Series 2013-A Invested Amount) for each such outstanding Series and (ii) the sum of the Required Overcollateralization Amounts (including the Required Series 2013-A Overcollateralization Amount) for all outstanding Series. 

  
 9 

 “Required Participation Percentage” means, with respect to Series 2013-A,
100%; provided, however, that the Transferor may, in its sole discretion, increase this percentage; provided, however that if the Transferor voluntarily increases the Required Participation Percentage, then it may, in its sole discretion, upon ten
days prior notice to the Indenture Trustee, subsequently decrease the Required Participation Percentage to 100% or higher, so long as the Rating Agency Condition shall have been satisfied with respect to the Series 2013-A Notes and any other
outstanding and rated series or class of Notes. 
 “Required Series 2013-A Overcollateralization Amount” means,
for any Payment Date, the sum of (a) the product of (i) the Series 2013-A Overcollateralization Percentage on such date and (ii) the Series 2013-A Initial Principal Amount and (b) the Incremental Overcollateralization Amount on
such date. 
 “Reserve Account” has the meaning specified in Section 4.12(a). 

“Reserve Account Initial Deposit” means $5,000,000. 

“Retained Notes” means any Series 2013-A Notes retained in the initial offering thereof by the Transferor or conveyed to
an Affiliate. 
 “Revolving Period” means the period beginning on the Series 2013-A Issuance Date and
terminating on the earlier of (i) the close of business on the day immediately preceding the date on which an Early Amortization Period commences and (ii) the close of business on the day immediately preceding the date on which the
Accumulation Period commences; provided, however, that so long as the Accumulation Period has not commenced, the Revolving Period may recommence if an Early Amortization Event has been terminated as provided in Section 6.01.

 “Series 2013-A” means the Series of Notes, the terms of which are specified in this Indenture Supplement.

 “Series 2013-A Allocable Defaulted Amounts” means, for any day in a Collection Period, the product of
(a) the Series 2013-A Allocation Percentage for such day and (b) the Defaulted Amounts processed on such day. 

“Series 2013-A Allocable Interest Collections” means, for any day in a Collection Period, the product of (a) the
Series 2013-A Allocation Percentage for such day and (b) Interest Collections as to which such day is the Date of Processing for such Interest Collections. 
 “Series 2013-A Allocable Principal Collections” means, for any day in a Collection Period, the product of (a) the Series 2013-A Allocation Percentage for such day and
(b) Principal Collections as to which such day is the Date of Processing for such Principal Collections. 
 “Series
2013-A Allocation Percentage” means, for any day in a Collection Period, the percentage equivalent, which shall never exceed 100%, of a fraction, the numerator of which is the Series 2013-A Nominal Liquidation Amount for such day (or with
respect to any day in the February 2013 Collection Period, the Series 2013-A Nominal Liquidation Amount as of the 

  
 10 

 
Series 2013-A Issuance Date) and the denominator of which is the sum of the Series Nominal Liquidation Amounts for all outstanding Series of Notes (including Series 2013-A) for such day (or
with respect to any day in the February 2013 Collection Period, the sum of the Series Nominal Liquidation Amounts for all outstanding Series of Notes (including Series 2013-A) as of the Series 2013-A Issuance Date (after giving effect to the
application of proceeds from the issuance of the Series 2013-A Notes)). Notwithstanding the foregoing, during any day in a Collection Period in which there is an Early Amortization Event or during the Accumulation Period, the Series 2013-A Nominal
Liquidation Amount and Trust Nominal Liquidation Amount with respect to such Series shall be as of the last day of the preceding Collection Period. 
 “Series 2013-A Cut-off Date” means January 31, 2013. 

“Series 2013-A Expected Final Payment Date” means the Payment Date occurring on February 15, 2016. 

“Series 2013-A Final Maturity Date” means February 15, 2018. 

“Series 2013-A Fixed Allocation Percentage” means, for any day during a Collection Period or portion thereof occurring
after the end of the Revolving Period, the percentage equivalent (not to exceed 100%) of a fraction, the numerator of which is the Series 2013-A Nominal Liquidation Amount as of the close of business on the last day of the Revolving Period and
the denominator of which is the product of (i) the Series 2013-A Allocation Percentage for such day in the Collection Period and (ii) the Pool Balance as of the last day of the proceeding Collection Period. 

“Series 2013-A Floating Allocation Percentage” means, for any day during a Collection Period, the percentage equivalent
(not to exceed 100%) of a fraction, the numerator of which is the Series 2013-A Nominal Liquidation Amount for such day (or with respect to any day in the February 2013 Collection Period, the Series 2013-A Nominal Liquidation Amount as of the Series
2013-A Issuance Date) and the denominator of which is the product of (i) the Series 2013-A Allocation Percentage for such day and (ii) the Pool Balance as of the last day of the proceeding Collection Period. Notwithstanding the
foregoing, during any day in a Collection Period in which there is an Early Amortization Event or during the Accumulation Period, the Series 2013-A Nominal Liquidation Amount shall be as of the last day of the preceding Collection Period.

 “Series 2013-A Initial Invested Amount” means $1,000,000,000. 

“Series 2013-A Initial Principal Amount” means $1,000,000,000. 

“Series 2013-A Invested Amount” means, as of any day during a Collection Period, an amount equal to the Series 2013-A
Initial Invested Amount minus the reductions, and plus the reinstatements and increases, if any, in the Series 2013-A Invested Amount as provided in Section 4.09. 

“Series 2013-A Invested Amount Deficit” means, as of any Payment Date, the amount, if any, by which (i) the Series
2013-A Outstanding Principal Amount on such date less the amount (other than investment earnings), if any, on deposit in the Accumulation Account on 

  
 11 

 
such date and the Series 2013-A Allocation Percentage for such date of amounts (other than investment earnings), if any, on deposit in the Excess Funding Account on such date, exceeds
(ii) the Series 2013-A Invested Amount on such date. 
 “Series 2013-A Investor Available Interest Amounts”
means, with respect to any Collection Period, an amount equal to (a) the sum of, for each day during such Collection Period, the product of the Series 2013-A Floating Allocation Percentage for such day and the Series 2013-A Allocable
Interest Collections for such day, plus (b) all net investment earnings on amounts (if any) on deposit in the Accumulation Account and the Reserve Account, plus (c) the sum of, for each day during such Collection Period, the
product of the Series 2013-A Allocation Percentage for such day and all net investment earnings on amounts (if any) on deposit in the Collection Account and the Excess Funding Account on such day, plus (d) Reallocated Principal
Collections for the Payment Date following such Collection Period, plus (e) the aggregate amount of funds, if any, which pursuant to the last sentence of Section 4.01(d) are required to be included in Series 2013-A Investor
Available Interest Amounts with respect to the Payment Date following such Collection Period, plus, (f) the amount, if any, of collections of Interest Receivables as to which the Date of Processing occurs in the Collection Period
following such Collection Period (but prior to the Payment Date following such Collection Period) which the Issuer instructs the Servicer to include in Series 2013-A Investor Available Interest Amounts for such Collection Period (but in no event to
exceed the product of (i) the Series 2013-A Series Allocation Percentage, (ii) the Series 2013-A Floating Allocation Percentage and (iii) the amount of such collections of Interest Receivables), plus (g) all Advances made
by the Servicer pursuant to Section 4.03, minus (h) the amount, if any, which the Issuer instructed the Servicer pursuant to preceding clause (f) to include in Series 2013-A Investor Available Interest Amounts with respect to
the Collection Period immediately preceding such Collection Period; provided, however, that in calculating Series 2013-A Investor Available Interest Amounts, amounts to be paid to the Servicer as reimbursement for Outstanding Advances
pursuant to Sections 4.04(a)(i) and 4.01(a)(ii) on the related Payment Date shall be excluded. 
 “Series 2013-A Investor
Available Principal Amounts” means, with respect to any Collection Period, an amount equal to (a) the sum of, for each day during such Collection Period, the product of the Series 2013-A Allocable Principal Collections on such day and
(i) during the Revolving Period, the Series 2013-A Floating Allocation Percentage for such day or (ii) after the Revolving Period, the Series 2013-A Fixed Allocation Percentage for such day, plus (b) the amount of Series 2013-A
Investor Available Interest Amounts treated as Series 2013-A Investor Available Principal Amounts on the Payment Date following such Collection Period to cover Series 2013-A Investor Defaulted Amounts and to reimburse the Series 2013-A Nominal
Liquidation Amount Deficit, plus (c) the amount of Series 2013-A Investor Available Interest Amounts treated as Series 2013-A Investor Available Principal Amounts on each Payment Date on and after the occurrence of an Event of Default
and a declaration that all Series 2013-A Notes are immediately due and payable pursuant to Section 5.03(a) of the Indenture, minus (d) Reallocated Principal Collections for such Collection Period. 

“Series 2013-A Investor Defaulted Amounts” means, with respect to any Collection Period, an amount equal to the sum of,
for each day during such Collection Period, the product of the Series 2013-A Floating Allocation Percentage on such day and the Series 2013-A Allocable Defaulted Amounts on such day. 

  
 12 

 “Series 2013-A Issuance Date” means February 28, 2013. 

“Series 2013-A Nominal Liquidation Amount” means, for any day in a Collection Period, the sum of (i) the Series
2013-A Invested Amount on such day and (ii) the Series 2013-A Overcollateralization Amount as of the Payment Date on or preceding such day (but, in no event, less than zero), in each case, after giving effect to the allocations, distributions,
withdrawals and deposits to be made on such day. 
 “Series 2013-A Nominal Liquidation Amount Deficit” means as
of any Payment Date, the sum of (i) the Series 2013-A Invested Amount Deficit and (ii) the Series 2013-A Overcollateralization Amount Deficit. 
 “Series 2013-A Noteholder” means the Person in whose name a Series 2013-A Note is registered in the Note Register. 
 “Series 2013-A Noteholders’ Collateral” means the Noteholders’ Collateral for Series 2013-A. 
 “Series 2013-A Notes” means any one of the Notes executed by the Issuer and authenticated by or on behalf of the Indenture Trustee, substantially in the form of Exhibit A. 

“Series 2013-A Outstanding Principal Amount” means, with respect to any date, an amount equal to (a) the Series
2013-A Initial Principal Amount, minus (b) the aggregate amount of any principal payments made to the Series 2013-A Noteholders before such date. 
 “Series 2013-A Overcollateralization Amount” means the sum of (i) the Primary Series 2013-A Overcollateralization Amount and (ii) the Incremental Overcollateralization Amount.

 “Series 2013-A Overcollateralization Amount Deficit” means, as of any Payment Date, the amount, if any, by
which (x) the aggregate amount of reductions of the Series 2013-A Overcollateralization Amount due to Investor Charge-Offs Reallocated Principal Collections as provided in Section 4.09(b) through such date exceeds (y) the aggregate
amount of reimbursements of such reallocations and reductions as provided in Section 4.09(c) through such date. 

“Series 2013-A Overcollateralization Percentage” means 24.22%, provided, however, that (i) the Transferor may, in
its sole discretion, increase this percentage, provided, however, that if the Transferor voluntarily increases the Series 2013-A Overcollateralization Percentage, then it may, in its sole discretion, upon ten days prior notice to the Indenture
Trustee, subsequently decrease the Series 2013-A Overcollateralization Percentage to 24.22% or higher so long as the Rating Agency Condition shall have been satisfied with respect to the Series 2013-A Notes and any other outstanding and rated
series or class of Notes, and (ii) this percentage will increase to 28.11% if the average of the Monthly Payment Rates for the three preceding Collection Periods is less than 35% and this percentage will further increase to 32.45% if the
average of the Monthly Payment Rates for the three preceding Collection Periods is less than 30% provided, further, however, that if this overcollateralization percentage is increased pursuant to this clause, and the average of the Monthly Payment
Rates for the three preceding 

  
 13 

 
Collection Periods subsequently increases to more than 30%, but less than 35%, then the overcollateralization percentage shall decrease to 28.11%, and if this overcollateralization percentage is
further increased pursuant to this clause, and the average of the Monthly Payment Rates for the three preceding Collection Periods further increases to more than 35%, then the overcollateralization percentage shall decrease to 24.22%. 

“Servicing Fee Rate” means 1.0% per annum or such lesser percentage as may be specified by the Servicer in an
Officer’s Certificate delivered to the Indenture Trustee stating that, in the reasonable belief of the Servicer, such change in percentage will not result in a Significant Adverse Effect. 

“Shared Excess Interest Amounts” means, for any Payment Date, for each Series in Excess Interest Sharing Group One, the
sum of the Excess Interest Amounts for each of those Series. 
 “Shared Excess Principal Amounts” means, for any
Payment Date, for each Series in Excess Principal Sharing Group One, the sum of the Excess Principal Amounts for each of those Series. 
 “Specified Reserve Account Balance” means with respect to any Payment Date, an amount equal to the product of 0.50% and the Series 2013-A Initial Invested Amount. 

“Tax Retained Notes” if any, means any Retained Notes retained by the Issuer for federal income tax purposes or an entity
which for U.S. federal income tax purposes is considered the same Person as the Issuer, until such time as such Notes are the subject of an opinion pursuant to Section 2.03(b) of this Indenture Supplement. 

“Trust Agreement” means the Trust Agreement, dated as of May 13, 2003 between the Transferor and the Owner Trustee,
pursuant to which the Issuer was formed, as amended and restated as of July 24, 2003, as further amended and restated as of October 15, 2003, and as the same may be further amended, supplemented or otherwise modified from time to time.

 “Underwriters” is defined in the Underwriting Agreement. 

“Underwriting Agreement” means that certain underwriting agreement, dated February 20, 2013, among NMAC, the
Transferor and the representative of the several Underwriters party thereto. 
 Section 2.02. Other Definitional
Provisions. 
 (a) All terms used herein and not otherwise defined herein have meanings ascribed to them in the Annex of
Definitions. 
 (b) All terms defined in this Indenture Supplement have the same defined meanings when used in any certificate or
other document made or delivered pursuant hereto unless otherwise defined therein. 

  
 14 

 (c) As used in this Indenture Supplement and in any certificate or other document made or
delivered pursuant hereto or thereto, accounting terms not defined in this Indenture Supplement or in any such certificate or other document, and accounting terms partly defined in this Indenture Supplement or in any such certificate or other
document to the extent not defined, have the respective meanings given to them under Designated Standards or regulatory accounting principles, as applicable and as in effect on the date of this Indenture Supplement, provided, however, if NMAC
selects international financial reporting standards, such accounting terms will have the respective meanings given to them at that time. To the extent that the definitions of accounting terms in this Indenture Supplement or in any such certificate
or other document are inconsistent with the meanings of such terms under Designated Standards or regulatory accounting principles in the United States, the definitions contained in this Indenture Supplement or in any such certificate or other
document control. 
 (d) Unless otherwise specified, references to any dollar amount as on deposit or outstanding on any
particular date means such amount at the close of business on such day. 
 (e) The words “hereof,” “herein”
and “hereunder” and words of similar import when used in this Indenture Supplement refer to this Indenture Supplement as a whole and not to any particular provision of this Indenture Supplement. References to any subsection, Section,
Schedule or Exhibit are references to subsections, Sections, Schedules and Exhibits in or to this Indenture Supplement, unless otherwise specified. The term “including” means “including without limitation” and the term
“or” is not exclusive. References to “writing” include printing, typing, lithography and other means of reproducing words in a visible form; references to agreements and other contractual instruments include all subsequent
amendments, amendments and restatements and supplements thereto or changes therein entered into in accordance with their respective terms and not prohibited by this Agreement; references to Persons include their permitted successors and assigns; and
references to laws include their amendments and supplements, the rules and regulations thereunder and any successors thereto. 

Section 2.03. Registration of and Limitations on Transfer and Exchange of Notes. 

(a) By acquiring a Series 2013-A Note (or any interest therein), each purchaser and transferee shall be deemed to represent, warrant and
covenant that either (a) it is not acquiring the Series 2013-A Note (or any interest therein) with the assets of (1) an “employee benefit plan” as defined in Section 3(3) of ERISA, which is subject to Title I of ERISA,
(2) a “plan,” as defined in and subject to Section 4975 of the Code, (3) an entity deemed to hold the “plan assets” of any of the foregoing by reason of investment by an employee benefit plan or plan in such
entity, or (4) any governmental, non-U.S. or church plan that is subject to a law that is similar to Section 406 of ERISA or Section 4975 of the Code; or (b) the acquisition, holding and disposition of the Series 2013-A Notes (or
any interest therein) will not give rise to a non-exempt prohibited transaction under Section 406 of ERISA, Section 4975 of the Code or any other law that is similar to Section 406 of ERISA or Section 4975 of the Code.

 (b) The Tax Retained Notes, if any, will not be transferred (other than to a Person specified in the definition of Tax
Retained Notes) unless a written opinion of counsel, is delivered to the Indenture Trustee to the effect that, for federal income tax purposes, such Notes 

  
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after such transfer will be treated as debt and, if there are other Notes of the same Class as such transferred Notes which are not Tax Retained Notes prior to such transfer, for such purposes
such Notes will be fungible with such other Notes of the same Class; provided, however that fungibility need not take into account whether Notes are, or are not, Definitive Notes. 

Section 2.04. Definitive Notes. 
 Except for Retained Notes, if any (which shall be originally issued as Definitive Notes), if any of the following events occurs: 

(i) (1) the Transferor or the Administrator advises the Indenture Trustee in writing that the Clearing Agency or Foreign
Clearing Agency is no longer willing or able to properly discharge its responsibilities as Clearing Agency or Foreign Clearing Agency with respect to the Book-Entry Notes for Series 2013-A and (2) the Transferor, the Indenture Trustee or the
Administrator is unable to locate and reach an agreement on satisfactory terms with a qualified successor; or 

(ii) the Transferor, the Indenture Trustee or the Administrator, as applicable, at its option and to the extent permitted
by law, elects to terminate the book-entry system through the Clearing Agency or Foreign Clearing Agency with respect to the Series 2013-A Notes; or 
 (iii) after the occurrence of a Servicer Default or an Event of Default, Beneficial Owners of at least a majority of the Series 2013-A Outstanding Principal Amount of the Series 2013-A Notes advise the
Indenture Trustee and the applicable Clearing Agency or Foreign Clearing Agency through the applicable Clearing Agency Participants in writing that the continuation of a book-entry system through the appropriate Clearing Agency or Foreign Clearing
Agency is no longer in the best interests of the Beneficial Owners of the Series 2013-A Notes; 
 then, the Indenture Trustee will, through the
appropriate Clearing Agency or Foreign Clearing Agency, notify all Beneficial Owners of the Series 2013-A Notes of the occurrence of such event and of the availability of Definitive Notes to Beneficial Owners of the Series 2013-A Notes. Upon
surrender to the Indenture Trustee of the certificates representing the Series 2013-A Notes, accompanied by registration instructions from the applicable Clearing Agency, the Issuer will execute and the Indenture Trustee will authenticate Definitive
Notes for Series 2013-A and will recognize the registered holders of such Definitive Notes as Noteholders under the Indenture. Neither the Issuer nor the Indenture Trustee will be liable for any delay in delivery of such instructions, and the Issuer
and the Indenture Trustee may conclusively rely on, and will be protected in relying on, such instructions. Upon the issuance of Definitive Notes for Series 2013-A , all references herein to obligations imposed upon or to be performed by the
applicable Clearing Agency or Foreign Clearing Agency will be deemed to be imposed upon and performed by the Indenture Trustee, to the extent applicable with respect to such Definitive Notes, and the Indenture Trustee will recognize the registered
holders of the Definitive Notes for Series 2013-A as Noteholders of such Series under the Indenture. Definitive Notes will be transferable and exchangeable at the offices of the Transfer Agent and Registrar. No service charge will be imposed for any
registration of transfer or exchange, but the Indenture Trustee 

  
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may require payment of a sum sufficient to cover any tax or other governmental charge imposed in connection therewith. 
 ARTICLE III 
 SERVICING FEE 

Section 3.01. Servicing Compensation. 
 The share of the Servicing Fee allocable to the Series 2013-A Noteholders with respect to any Payment Date is equal to the Monthly Servicing Fee. The portion of the Servicing Fee that is not allocable to
the Series 2013-A Noteholders will be paid by the holders of the Transferor Interest or the Noteholders of other Series (as provided in the related Indenture Supplements) and in no event will the Issuer, the Indenture Trustee or the Series 2013-A
Noteholders be liable for the share of the Servicing Fee to be paid by the holders of the Transferor Interest or the Noteholders of any other Series. The Servicer may, by prior written notice to the Indenture Trustee, elect to waive the Monthly
Servicing Fee for any Collection Period. Such waived Monthly Servicing Fee will be reimbursed on the Payment Date related to the subsequent Collection Period pursuant to Section 4.04(a). 

ARTICLE IV 

RIGHTS OF SERIES 2013-A NOTEHOLDERS 
 AND ALLOCATION AND APPLICATION OF COLLECTIONS 
 Section 4.01. Collections
and Allocations. 
 (a) Allocations. Interest Collections, Principal Collections and the Defaulted Amount allocated to
Series 2013-A pursuant to Article VIII of the Indenture and Section 4.01(b) shall be allocated between the Series 2013-A Noteholders and the holders of the Transferor Interest pursuant to Section 4.01(c) and (d) and then distributed
as set forth in this Article IV. 
 (b) Series Allocations. Prior to the close of business on each day during a Collection
Period, the Servicer will (i) determine the Series 2013-A Allocation Percentage for such day and (ii) allocate Interest Collections, Principal Collections and the Defaulted Amount to Series 2013-A based on the Series 2013-A Allocation
Percentage on such day. All Principal Collections for the related Collection Period with respect to each Receivable (including any payoff) shall be posted to the Servicer’s Dealer records in accordance with the Servicer’s customary
servicing practices. 
 (c) Allocations to Series 2013-A Noteholders. The Servicer shall, prior to the close of business
on each day during a Collection Period, allocate to the Series 2013-A Noteholders the following amounts as set forth below: 
 (i) Allocations of Interest Collections. The Servicer shall allocate to the Series 2013-A Noteholders and deposit in the Collection Account for application as provided herein, an amount equal to
the product of (A) the Series 2013-A Floating Allocation Percentage for such day and (B) the 

  
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Series 2013-A Allocable Interest Collections as to which such day is the Date of Processing for such Collections; provided, that, so long as the conditions set forth in
Section 8.04(b) of the Indenture are satisfied, the Servicer shall not be required to deposit such allocated amounts into the Collection Account until the Business Day preceding the Payment Date in the month following such Collection Period.

 (ii) Allocations of Principal Collections. The Servicer shall allocate to the Series 2013-A Noteholders
the following amounts as set forth below: 
 (A) Allocations During the Revolving Period. During the
Revolving Period, the Servicer shall allocate to the Series 2013-A Noteholders and deposit into the Collection Account for application as provided herein, an amount equal to the product of (I) the Series 2013-A Floating Allocation Percentage
for such day and (II) the Series 2013-A Allocable Principal Collections for such day; provided, that, so long as the conditions set forth in Section 8.04(b) of the Indenture are satisfied, the Servicer shall not be required to
deposit such allocated amounts into the Collection Account until the Business Day preceding the Payment Date in the month following such Collection Period; provided, further, that, so long as the conditions set forth in
Section 8.04(b) of the Indenture are satisfied, the Servicer, in its sole discretion, may distribute any amounts owed to the holders of the Transferor Interest directly to such holders in lieu of depositing such amounts into the Collection
Account. 
 (B) Allocations During the Accumulation Period and the Early Amortization Period. During the
Accumulation Period and the Early Amortization Period, the Servicer shall allocate to the Series 2013-A Noteholders and deposit in the Collection Account for application as provided herein, an amount equal to the product of (I) the Series
2013-A Fixed Allocation Percentage for such day and (II) the Series 2013-A Allocable Principal Collections for such day; provided, that, so long as the conditions set forth in Section 8.04(b) of the Indenture are satisfied, the
Servicer shall not be required to deposit such allocated amounts into the Collection Account until the Business Day preceding the Payment Date in the month following such Collection Period; provided, further, that, so long as the
conditions set forth in Section 8.04(b) of the Indenture are satisfied, the Servicer, in its sole discretion, may distribute any amounts owed to the holders of the Transferor Interest directly to such holders in lieu of depositing such amounts
into the Collection Account. 
 (iii) Allocations of Defaulted Amounts. The Servicer shall allocate to the
Series 2013-A Noteholders the product of (A) the Series 2013-A Floating Allocation Percentage for such day and (B) the Series 2013-A Allocable Defaulted Amounts on such day. 

(d) Allocation to Holders of the Transferor Interest. Prior to the close of business, on each day during a Collection Period, the
Servicer shall allocate and, in the case of 

  
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clauses (i) and (ii) below (except as set forth in the provisos following clause (iii) below), distribute to the holders of the Transferor Interest in accordance with the Trust
Agreement the following amounts: 
 (i) the portion of the Series 2013-A Allocable Interest Collections not
allocated to the Series 2013-A Noteholders pursuant to Section 4.01(c)(i) above; 
 (ii) the portion of the
Series 2013-A Allocable Principal Collections not allocated to the Series 2013-A Noteholders pursuant to Section 4.01(c)(ii) above; and 
 (iii) the portion of the Series 2013-A Allocable Defaulted Amounts not allocated to the Series 2013-A Noteholders pursuant to Section 4.01(c)(iii) above; 

provided, however, that the Servicer will not distribute to the holders of the Transferor Interest their allocation of Series 2013-A
Allocable Interest Collections if and to the extent that the Adjusted Pool Balance does not equal or exceed the Required Participation Amount as of such day; and provided further that the Servicer will not distribute to the holders of
the Transferor Interest their allocation of Series 2013-A Allocable Principal Collections if and to the extent that the Adjusted Pool Balance does not equal or exceed the Required Participation Amount as of such day. Subject to the immediately
succeeding sentence, any amount not distributed to the holders of the Transferor Interest in accordance with the provisos to the preceding sentence shall be deposited by the Servicer (on the date not so distributed) into the Excess Funding Account.
Notwithstanding the foregoing, before distributing to the holders of the Transferor Interest any portion of their allocation of Series 2013-A Allocable Interest Collections or Series 2013-A Allocable Principal Collections or depositing any portion
of their allocation of Series 2013-A Allocable Interest Collections or Series 2013-A Principal Collections into the Excess Funding Account, (i) on any day on which amounts are on deposit in the Accumulation Account, the Servicer shall first
deduct therefrom the excess, if any, of the Covered Amount for such day over the sum of all net investment earnings for such day on (x) amounts on deposit in the Accumulation Account and the Reserve Account and (y) the Series 2013-A
Allocation Percentage of amounts (if any) on deposit in the Excess Funding Account and the Collection Account, and treat such amounts as Series 2013-A Investor Available Interest Amounts and (ii) after giving full effect to preceding clause
(i), with respect to the 2008-1 Warehouse Series Notes, on any day on which the Maximum Facility Amount exceeds the Warehouse Series Outstanding Principal Amount on such day (as each such term is defined in the 2008-1 Warehouse Series Indenture
Supplement), the Servicer shall deduct from any such amounts then remaining, an amount equal to the product of (A) the Daily Unused Facility Fee (as defined in the 2008-1 Warehouse Series Indenture Supplement) for such day and (B) the
Warehouse Series Allocation Percentage (as defined in the 2008-1 Warehouse Series Indenture Supplement) for such day (not to exceed the remaining amount which would otherwise be distributed to the holders of the Transferor Interest on such day), and
include such amounts in the Warehouse Series Investor Available Interest Amounts (as defined in the 2008-1 Warehouse Series Indenture Supplement) to be distributed on the immediately succeeding Payment Date (as defined in the 2008-1 Warehouse Series
Indenture Supplement) pursuant to Section 4.04(a)(iii) of the 2008-1 Warehouse Series Indenture Supplement, but only to the extent necessary to cover any shortfall (determined without giving effect to any Shared Excess Interest Amounts for such

  
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Payment Date available from other outstanding Series in Excess Interest Sharing Group One) with respect to the Unused Facility Fee (as defined in the 2008-1 Warehouse Series Indenture Supplement)
for such Payment Date. 
 Section 4.02. Determination of Monthly Interest. 

(a) The amount of monthly interest (the “Monthly Interest”) distributable from the Collection Account with respect to the
Series 2013-A Notes on any Payment Date will be an amount equal to the product of (i) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360, (ii) the Note
Interest Rate with respect to the related Interest Period and (iii) the Series 2013-A Outstanding Principal Amount as of the first day of the related Interest Period, after giving effect to any deposits and distributions to be made on such date
(or, with respect to the first Payment Date following the Series 2013-A Issuance Date, the Series 2013-A Initial Principal Amount). 
 (b) On the Determination Date immediately preceding each Payment Date, the Servicer will determine the excess, if any (such excess, the “Interest Deficiency”), of (x) the Monthly
Interest for such Payment Date over (y) the aggregate amount of funds allocated and available to pay such Monthly Interest on such Payment Date. If the Interest Deficiency with respect to any Payment Date is greater than zero, on each
subsequent Payment Date until such Interest Deficiency is fully paid, an additional amount (the “Additional Interest”) equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the
related Interest Period and the denominator of which is 360, times (B) the Note Interest Rate with respect to the related Interest Period and (ii) such Interest Deficiency (or the portion thereof which has not been paid to the Series
2013-A Noteholders) will be payable as provided herein with respect to the Series 2013-A Notes. Notwithstanding anything to the contrary herein, the Additional Interest will be payable or distributed to the Series 2013-A Noteholders only to the
extent permitted by applicable law. 
 Section 4.03. Advances. 

(a) The Servicer shall have the right but not the obligation to make a payment (each, an “Advance”) with respect to each
Receivable (other than a Receivable arising in connection with a Redesignated Account on or after the Redesignation Date or a Receivable reassigned to or repurchased (or, at its option, the Account related to such Receivable redesignated and all
Receivables under such Account reassigned to or repurchased) by the Servicer pursuant to Section 2.03(c), Section 2.04(c) or Section 3.03(c) of the Transfer and Servicing Agreement) in an amount equal to the lesser of (a) any
shortfall in the amounts available to make the payments pursuant to Section 4.04(a)(iii) and (iv) (before taking into account any Reallocated Principal Collections applied by the Indenture Trustee as Series 2013-A Investor Available
Interest Amounts for the related Payment Date pursuant to Section 4.04(a)(iv)), and (b) the product of (1) the Series 2013-A Floating Allocation Percentage and (2) the excess, if any, of (x) interest owed by the related
Dealer during the related Collection Period, over (y) the interest actually received by the Servicer with respect to such Receivable from such Dealer or from payments made by the Servicer pursuant to Section 2.03(c), 2.04(c) or 3.03(c) of
the Transfer and Servicing Agreement, as the case may be, during such Collection Period. 

  
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 (b) The Servicer shall not make an Advance in respect of a Receivable to the extent that the
Servicer, in its sole discretion, shall determine that the Advance constitutes a Nonrecoverable Advance. The Servicer also shall not make Advances on any Receivables arising from an Account if a previous Advance on any Receivable arising from such
Account shall have become a Nonrecoverable Advance. With respect to each Receivable, the Advance shall increase the Outstanding Advances. No Advances will be made with respect to the principal balance of the Receivables. The Servicer shall deposit
all such Advances into the Collection Account in immediately available funds no later than 5:00 p.m., New York City time, on the Business Day immediately preceding the related Payment Date. 

(c) The Servicer shall be entitled to reimbursement for Outstanding Advances, without interest, with respect to a Receivable from the
following sources with respect to such Receivable pursuant to Section 4.04(a)(i): (i) subsequent payments made by or on behalf of the related Dealer (ii) all amounts received, including any insurance proceeds, by the Transferor or the
Servicer (including all recoveries), and (iii) payments made by the Servicer pursuant to Section 2.03(c), Section 2.04(c) or Section 3.03(c) of the Transfer and Servicing Agreement. 

(d) To the extent that the Servicer has determined that any Outstanding Advance is a Nonrecoverable Advance, the Servicer may provide to
the Owner Trustee and the Indenture Trustee an officer’s certificate setting forth the amount of such Nonrecoverable Advance, and on the related Payment Date, the Indenture Trustee shall remit to the Servicer from funds on deposit in the
Collection Account an amount equal to the amount of such Nonrecoverable Advance pursuant to Section 4.04(a)(ii). 
 (e)
Notwithstanding anything to the contrary in this Indenture Supplement, for so long as NMAC is the Servicer, in lieu of causing the Servicer first to deposit and then the Indenture Trustee to remit to the Servicer the amounts described in clauses
(i) through (iii) in Section 4.03(c) reimbursable in respect on Outstanding Advances, or the amounts described in Section 4.03(d) applicable in respect of Nonrecoverable Advances, the Servicer may deduct such amounts from
deposits otherwise to be made into the Collection Account. 
 (f) If the Servicer shall determine not to make an Advance related
to delinquency or non-payment of any Receivable pursuant to this Section 4.03 because it determines that such Advance would not be recoverable from subsequent collections on such Receivable, such Receivable shall be designated by the Servicer
to be a Defaulted Receivable, provided that such Receivable otherwise meets the definition of a Defaulted Receivable. 

Section 4.04. Application of Available Amounts on Deposit in the Collection Account, the Accumulation Account and Other Sources
of Payment. 
 (a) On each Payment Date, the Servicer will apply, or cause the Indenture Trustee to apply by written
instruction to the Indenture Trustee, Series 2013-A Investor Available Interest Amounts (excluding Reallocated Principal Collections for such Payment Date) on deposit in the Collection Account with respect to such Payment Date (together with other
amounts specified in this Indenture Supplement) to make the following distributions or deposits in the following priority: 

  
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 (i) to the Servicer, from amounts on deposit in the Collection Account, any
payments in respect of Advances required to be reimbursed and to the extent set forth in Section 4.03(c); 

(ii) to the Servicer, from amounts on deposit in the Collection Account, any payments in respect of Nonrecoverable
Advances required to be reimbursed and to the extent set forth in Section 4.03(d); 
 (iii) an amount equal
to the Monthly Servicing Fee for such Payment Date, plus the amount of any Monthly Servicing Fee previously due but not distributed to the Servicer on a prior Payment Date, will be distributed to the Servicer; 

(iv) an amount equal to Monthly Interest for such Payment Date, plus the amount of any Monthly Interest previously due but
not distributed to the Series 2013-A Noteholders on a prior Payment Date, plus the amount of any Additional Interest for such Payment Date, plus the amount of any Additional Interest previously due but not distributed to the Series 2013-A
Noteholders on a prior Payment Date, will be distributed to the Paying Agent for payment to the Series 2013-A Noteholders on such Payment Date; 
 (v) an amount equal to the sum of (y) the aggregate Series 2013-A Investor Defaulted Amounts for the related Collection Period and (z) the Series 2013-A Nominal Liquidation Amount Deficit, if
any, will be applied as Series 2013-A Investor Available Principal Amounts for such Payment Date and, in the case of the amounts described in clause (z), will reinstate the Series 2013-A Nominal Liquidation Amount pursuant to
Section 4.09(c); 
 (vi) an amount, if any, equal to the excess of the Specified Reserve Account Balance
over all amounts on deposit in the Reserve Account on such Payment Date (after giving effect to the withdrawal of net investment earnings thereon for deposit into the Collection Account pursuant to Section 4.12(b)), will be deposited in
the Reserve Account; 
 (vii) on each Payment Date on and after the occurrence of an Event of Default and a
declaration that all Series 2013-A Notes are immediately due and payable pursuant to Section 5.03(a) of the Indenture, remaining Series 2013-A Investor Available Interest Amounts for such Payment Date will be treated as Series 2013-A Investor
Available Principal Amounts and will be distributed pursuant to Section 4.04(e) hereof, unless and until such declaration of acceleration has been rescinded and annulled pursuant to Section 5.03(b) of the Indenture; 

(viii) if the Servicer elected to waive the Monthly Servicing Fee for the preceding Collection Period, the Indenture
Trustee will apply any remaining funds to reimburse the Servicer for such waived Monthly Servicing Fee; 
 (ix)
an amount equal to the Interest Shortfalls for other outstanding Series in Excess Interest Sharing Group One will be treated as Shared Excess Interest Amounts available from Series 2013-A and applied to cover the Interest Shortfalls for

  
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other outstanding Series in Excess Interest Sharing Group One in accordance with Section 8.05(a) of the Indenture; 

(x) to the Indenture Trustee, any accrued and unpaid fees, expenses and indemnity payments due pursuant to the Indenture,
but only to the extent that such fees, expenses or indemnity payments have been outstanding for at least 60 days; and 
 (xi) all remaining Series 2013-A Investor Available Interest Amounts for such Payment Date will be distributed to the holders of the Transferor Interest in accordance with the Trust Agreement, or, to the
extent amounts are payable to a Currency Swap Counterparty pursuant to a Currency Swap Agreement as described in Section 5.08 of the Transfer and Servicing Agreement, to such Currency Swap Counterparty; provided, however, that if,
on such Payment Date, the Adjusted Pool Balance is less than the Required Participation Amount, then the Indenture Trustee shall deposit into the Excess Funding Account from the amount that would otherwise have been distributed to the holders of the
Transferor Interest the amount of such deficiency. 
 (b) If Series 2013-A Investor Available Interest Amounts for the Collection
Period related to any Payment Date (excluding Reallocated Principal Collections for such Payment Date) are insufficient to make all distributions and deposits required under clauses (i) through (vi) of Section 4.04(a), available
amounts from the following sources on such Payment Date will be applied in the following order to make up the Interest Shortfall with respect to Series 2013-A: (i) from Shared Excess Interest Amounts for such Payment Date available from other
outstanding Series in Excess Interest Sharing Group One as provided in Section 4.07, provided that such amounts will be applied only to cover shortfalls in the distributions and deposits required under clauses (i) through (vi) of
Section 4.04(a) and in the order of priorities as set forth in Section 4.04(a), (ii) from amounts on deposit in the Reserve Account on such Payment Date as provided in Section 4.12, provided that such amounts will be applied only
to cover shortfalls in the distributions and deposits required under clauses (iii) through (v) of Section 4.04(a) and in the order of priorities as set forth in Section 4.04(a) and (iii) from Reallocated Principal
Collections for such Payment Date as provided in Section 4.06, provided, that such amounts will be applied only to cover shortfalls in the distributions required under clause (iv) of Section 4.04(a) and only to the extent of the
Series 2013-A Overcollateralization Amount. 
 (c) On each Payment Date with respect to the Revolving Period, the Servicer will
apply, or cause the Indenture Trustee to apply by written instruction to the Indenture Trustee, Series 2013-A Investor Available Principal Amounts for the Collection Period related to such Payment Date, to make the following distributions or
deposits in the following priority: 
 (i) such Series 2013-A Investor Available Principal Amounts on deposit in
the Collection Account for the related Collection Period, in an amount equal to the Monthly Interest due but not distributed to the Series 2013-A Noteholders on such Payment Date in accordance with Section 4.04(a)(iv), will be distributed to
the Paying Agent for payment to the Series 2013-A Noteholders on such Payment Date; 

  
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 (ii) the balance of such Series 2013-A Investor Available Principal Amounts
not applied pursuant to clause (i) above, will be treated as Shared Excess Principal Amounts available from Series 2013-A and applied to cover the Principal Shortfalls for other outstanding Series in Excess Principal Sharing Group One in
accordance with Section 8.05(b) of the Indenture; 
 (iii) the balance of such Series 2013-A Investor
Available Principal Amounts not applied pursuant to clauses (i) or (ii) above, will be distributed to the Issuer to be used by the Issuer, to the extent necessary, to acquire Receivables (if any) available to be transferred to the
Issuer by the Transferor pursuant to the Transfer and Servicing Agreement; and 
 (iv) the balance of such Series
2013-A Investor Available Principal Amounts not applied pursuant to clauses (i), (ii) or (iii) above will be distributed to the holders of the Transferor Interest in accordance with the Trust Agreement, or, to the extent amounts are
payable to a Currency Swap Counterparty pursuant to a Currency Swap Agreement as described in Section 5.08 of the Transfer and Servicing Agreement, to such Currency Swap Counterparty; provided, however, that if, on such Payment
Date, the Adjusted Pool Balance is less than the Required Participation Amount, then the Indenture Trustee shall deposit into the Excess Funding Account from the amount that would otherwise have been distributed to the holders of the Transferor
Interest the amount of such insufficiency. 
 (d) On each Payment Date with respect to the Accumulation Period, the Servicer will
apply, or cause the Indenture Trustee to apply by written instruction to the Indenture Trustee, the Series 2013-A Investor Available Principal Amounts for the Collection Period related to such Payment Date (together with other amounts specified in
this Indenture Supplement) to make the following distributions or deposits in the following priority: 
 (i) an
amount equal to the lesser of (x) the Controlled Deposit Amount for such Payment Date and (y) the Series 2013-A Invested Amount for such Payment Date shall be deposited into the Accumulation Account; 

(ii) the balance of such Series 2013-A Investor Available Principal Amounts not applied pursuant to preceding clause
(i) will be treated as Shared Excess Principal Amounts available from Series 2013-A and applied to cover Principal Shortfalls for other outstanding Series in Excess Principal Sharing Group One in accordance with Section 8.05(b) of the
Indenture; 
 (iii) the balance of such Series 2013-A Investor Available Principal Amounts not applied pursuant
to clauses (i) or (ii) above, will be distributed to the Issuer to be used by the Issuer, to the extent necessary, to acquire Receivables (if any) available to be transferred to the Issuer by the Transferor pursuant to the Transfer
and Servicing Agreement; and 
 (iv) the balance of such Series 2013-A Investor Available Principal Amounts not
applied pursuant to clauses (i), (ii) or (iii) above will be distributed 

  
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to the holders of the Transferor Interest in accordance with the Trust Agreement, or, to the extent amounts are payable to a Currency Swap Counterparty pursuant to a Currency Swap Agreement as
described in Section 5.08 of the Transfer and Servicing Agreement, to such Currency Swap Counterparty; provided, however, that if, on such Payment Date, the Adjusted Pool Balance is less than the Required Participation Amount,
then the Indenture Trustee shall deposit into the Excess Funding Account from the amount that would otherwise have been distributed to the holders of the Transferor Interest the amount of such insufficiency. 

(e) On each Payment Date with respect to the Early Amortization Period, the Servicer will apply, or cause the Indenture Trustee to apply
by written instruction to the Indenture Trustee, the Series 2013-A Investor Available Principal Amounts for the Collection Period related to such Payment Date, plus all amounts on deposit in the Accumulation Account (together with other amounts
specified in this Indenture Supplement), to make the following distributions or deposits in the following priority: 
 (i) an amount equal to the Series 2013-A Invested Amount (determined without giving effect to any reduction thereto arising from amounts on deposit in the Accumulation Account) for such Payment Date will
be distributed to the Paying Agent for payment to the Series 2013-A Noteholders on such Payment Date and on each subsequent Payment Date until the Series 2013-A Invested Amount (determined without giving effect to any reduction thereto arising from
amounts on deposit in the Accumulation Account) has been paid in full; 
 (ii) the balance of such Series 2013-A
Investor Available Principal Amounts will be treated as Shared Excess Principal Amounts available from Series 2013-A and applied to cover Principal Shortfalls for other outstanding Series in Excess Principal Sharing Group One in accordance with
Section 8.05(b) of the Indenture; and 
 (iii) the balance of the Series 2013-A Investor Available Principal
Amounts not applied pursuant to clauses (i) or (ii) above will be distributed to the holders of the Transferor Interest in accordance with the Trust Agreement, or, to the extent amounts are payable to a Currency Swap Counterparty pursuant
to a Currency Swap Agreement as described in Section 5.08 of the Transfer and Servicing Agreement, to such Currency Swap Counterparty; provided, however, that if, on such Payment Date, the Adjusted Pool Balance is less than the
Required Participation Amount, then the Indenture Trustee shall deposit into the Excess Funding Account from the amount that would otherwise have been distributed to the holders of the Transferor Interest the amount of such insufficiency.

 (f) On the earlier of (i) the first Payment Date with respect to the Early Amortization Period and (ii) the Payment
Date which is also the Series 2013-A Expected Final Payment Date, the Servicer shall, or shall cause the Indenture Trustee to, by written notice to the Indenture Trustee, withdraw from the Accumulation Account all amounts then on deposit in the
Accumulation Account and (i) distribute to the Paying Agent for payment to the Series 2013-A 

  
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Noteholders on such Payment Date the amount necessary to pay the Series 2013-A Invested Amount (determined without giving effect to any reduction thereto arising from amounts on deposit in the
Accumulation Account) in full and (ii) the balance, if any, of the amounts so withdrawn from the Accumulation Account will (x) first, be treated as Shared Excess Principal Amounts available from Series 2013-A to be applied to cover
Principal Shortfalls for other outstanding Series in Excess Principal Sharing Group One in accordance with Section 8.05(b) of the Indenture and (y) second, be distributed to the holders of the Transferor Interest in accordance with the
Trust Agreement; provided, however, that if, on such Payment Date, the Adjusted Pool Balance is less than the Required Participation Amount, then the Indenture Trustee will deposit into the Excess Funding Account from the amount that
would otherwise have been distributed to the holders of the Transferor Interest the amount of such insufficiency. 
 (g) If
Series 2013-A Investor Available Principal Amounts for any Payment Date (together with amounts, if any, available for application on such Payment Date pursuant to Section 4.04(f)) are insufficient to make in full the deposits or distributions
required pursuant to Section 4.04(d)(i) or 4.04(e)(i), as applicable, then Shared Excess Principal Amounts for such Payment Date from other outstanding Series in Excess Principal Sharing Group One will be so deposited or distributed to cover
the Principal Shortfall with respect to Series 2013-A as provided in Section 4.08. 
 (h) If Series 2013-A Investor
Available Principal Amounts for any Payment Date (together with amounts, if any, available for application on such Payment pursuant to Section 4.04(f)) and Shared Excess Principal Amounts for such Payment Date from other outstanding Series in
Excess Principal Sharing Group One are insufficient to make in full the deposits and distributions required pursuant to Section 4.04(d)(i) or 4.04(e)(i), as applicable, the Indenture Trustee, acting in accordance with written instructions from
the Servicer, will withdraw from the Excess Funding Account and distribute to the Paying Agent for deposit into the Accumulation Account or payment to the Series 2013-A Noteholders, as applicable, the lesser of (i) the product of the Series
2013-A Allocation Percentage and the amount on deposit in the Excess Funding Account and (ii) the amount of such insufficiency. 
 Section 4.05. Investor Charge-Offs. 
 On the Determination Date
immediately preceding each Payment Date, the Servicer will calculate the aggregate Series 2013-A Investor Defaulted Amounts, if any, for the related Collection Period. If, on any Determination Date, the aggregate Series 2013-A Investor Defaulted
Amounts for the preceding Collection Period exceed the sum of: 
 (i) the Series 2013-A Investor Available
Interest Amounts for the related Payment Date applied to fund such Series 2013-A Investor Defaulted Amounts pursuant to clause (v) of Section 4.04(a); and 

(ii) the Shared Excess Interest Amounts available from other outstanding Series in Excess Interest Sharing Group One
applied to fund such Series 2013-A Investor Defaulted Amounts pursuant to clause (v) of Section 4.04(a) in accordance with clause (i) of Section 4.04(b) and amounts on deposit in the Reserve Account applied to fund such Series
2013-A Investor 

  
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Defaulted Amounts pursuant to clause (v) of Section 4.04(a) in accordance with clause (ii) of Section 4.04(b) (such excess, collectively, an “Investor
Charge-Off”); 
 then, on the related Payment Date, if the Series 2013-A Overcollateralization Amount is greater than zero, the Series
2013-A Overcollateralization Amount will be reduced by an amount not to exceed the lesser of (1) the Series 2013-A Overcollateralization Amount and (2) the amount of such Investor Charge-Offs, all as provided in Section 4.09.

 Section 4.06. Reallocated Principal Collections. 

On each Determination Date, the Servicer shall determine the amount, if any, by which the Series 2013-A Investor Available Interest
Amounts for the preceding Collection Period (excluding Reallocated Principal Collections for the related Payment Date), together with other amounts specified in Section 4.04(b)(i) and (ii), are insufficient to pay the amounts due pursuant to
Section 4.04(a)(iv) on the related Payment Date and cause the amount of such insufficiency to be reallocated from the Series 2013-A Investor Available Principal Amounts for such Collection Period and, to the extent still necessary to pay such
insufficiency, from amounts that would constitute Series 2013-A Investor Available Principal Amounts for the current Collection Period. On each Payment Date, the Servicer will apply, or cause the Indenture Trustee to apply, Reallocated Principal
Collections with respect to the preceding Collection Period (and, if necessary, with respect to the current Collection Period) in accordance with clause (iii) of Section 4.04(b), in an amount not to exceed the Series 2013-A
Overcollateralization Amount. If, on any Payment Date, Reallocated Principal Collections for such Payment Date are so applied, then, if the Series 2013-A Overcollateralization Amount is greater than zero (after giving effect to any reductions
thereof pursuant to Section 4.05), the Series 2013-A Overcollateralization Amount will be reduced by an amount not to exceed the lesser of (1) the Series 2013-A Overcollateralization Amount and (2) the amount of such Reallocated
Principal Collections, all as provided in Section 4.09. 
 Section 4.07. Excess Interest Amounts. 

Subject to Section 8.05(a) of the Indenture, Shared Excess Interest Amounts with respect to other Series in Excess Interest Sharing
Group One for any Payment Date will be allocated to Series 2013-A in an amount equal to the product of (i) the aggregate amount of Shared Excess Interest Amounts with respect to all other outstanding Series in Excess Interest Sharing Group One
for such Payment Date and (ii) a fraction, the numerator of which is the Interest Shortfall with respect to Series 2013-A for such Payment Date and the denominator of which is the aggregate amount of Interest Shortfalls with respect to all
outstanding Series in Excess Interest Sharing Group One for such Payment Date. 
 Section 4.08. Excess Principal
Amounts. 
 Subject to Section 8.05(b) of the Indenture, Shared Excess Principal Amounts with respect to other
outstanding Series in Excess Principal Sharing Group One for any Payment Date will be allocated to Series 2013-A in an amount equal to the product of (i) the aggregate amount of Shared Excess Principal Amounts with respect to all other Series
in Excess Principal 

  
 27 

 
Sharing Group One for such Payment Date and (ii) a fraction, the numerator of which is the Principal Shortfall with respect to Series 2013-A for such Payment Date and the denominator of
which is the aggregate amount of Principal Shortfalls with respect to all outstanding Series in Excess Principal Sharing Group One for such Payment Date. 
 Section 4.09. Series Nominal Liquidation Amount, Overcollateralization Amount and Invested Amount. 
 (a) On each Determination Date for the related Payment Date, the Servicer will, or will cause the Indenture Trustee, to calculate the Primary Series 2013-A Overcollateralization Amount and the Incremental
Overcollateralization Amount. On each day during a Collection Period, the Servicer, will, or will cause the Indenture Trustee, to calculate the Series 2013-A Invested Amount. 
 (b) The Series 2013-A Nominal Liquidation Amount will be reduced on any Payment Date by the following amounts: 
 (i) the amount, if any, of Reallocated Principal Collections (including any Reallocated Principal Collections from the Collection Period occurring in the same month as the Payment Date) (not to exceed the
Series 2013-A Overcollateralization Amount) used on such Payment Date to pay interest on the Series 2013-A Notes pursuant to Section 4.04(b)(iii); and 
 (ii) the amount, if any, of Investor Charge-Offs for the related Collection Period pursuant to Section 4.05. 
 On each Payment Date, the amount of any reduction in the Series 2013-A Nominal Liquidation Amount due to (A) clause (i) or (ii) above will be allocated, first, to reduce the Series 2013-A
Overcollateralization Amount by the amount of such reduction until the Series 2013-A Overcollateralization Amount is reduced to zero and (B) clause (ii) above will be allocated, second, to reduce the Series 2013-A Invested Amount by any
remaining amount of such reduction until the Series 2013-A Invested Amount is reduced to zero. In addition, the Series 2013-A Invested Amount will be reduced by amounts deposited into the Accumulation Account and payments of principal of the
Series 2013-A Notes. Each reduction of the Series 2013-A Overcollateralization Amount will be applied, first, to reduce the Primary Series 2013-A Overcollateralization Amount and, second, to reduce the Incremental Overcollateralization
Amount. 
 (c) The Series 2013-A Nominal Liquidation Amount will be reinstated on any Payment Date by the sum of (i) the
amount of Series 2013-A Investor Available Interest Amounts that are applied on such Payment Date for such purpose pursuant to Section 4.04(a)(v), (ii) the amount of Shared Excess Interest Amounts that are applied on such Payment Date for
such purpose pursuant to Sections 4.04(b)(i) and (iii) the amounts on deposit in the Reserve Account that are applied on such Payment Date for such purpose pursuant to Section 4.04(b)(ii). Each such reinstatement will be allocated on
such Payment Date, first, if the Series 2013-A Invested Amount has been reduced and not fully reinstated, to the Series 2013-A Invested Amount until it equals the Series 2013-A Outstanding Principal Amount and, second, any

  
 28 

 
remaining reinstatement amount will be allocated to the Incremental Overcollateralization Amount until it has been fully reinstated and then to the Primary Series 2013-A Overcollateralization
Amount until it has been fully reinstated. 
 (d) The Primary Series 2013-A Overcollateralization Amount and the
Series 2013-A Invested Amount will be increased on any date on which the Issuer issues additional Series 2013-A Notes in accordance with Section 8.03(b). The amount of any such increase in the Primary Series 2013-A Overcollateralization
Amount and the Series 2013-A Invested Amount will be in proportion to the increase in the aggregate Series 2013-A Outstanding Principal Amount resulting from the issuance of such additional Series 2013-A Notes. 

Section 4.10. Establishment of Accumulation Account. 
 (a) The Issuer will establish and the Indenture Trustee will maintain and hold in the name of the Indenture Trustee, solely for the benefit of the Series 2013-A Noteholders, a Qualified Account bearing a
designation clearly indicating that the funds and other property credited thereto are held solely for the benefit of the Series 2013-A Noteholders (the “Accumulation Account”). The Indenture Trustee will possess all right,
title and interest in all Eligible Investments and all monies, instruments, securities, securities entitlements, documents, certificates of deposit and other property from time to time on deposit in or credited to the Accumulation Account and in all
interest, proceeds, earnings, income, revenue, dividends and other distributions thereof (including any accrued discount realized on liquidation of any investment purchased at a discount) solely for the benefit of the Series 2013-A Noteholders. The
parties hereto acknowledge that the Indenture Trustee will be the sole entitlement holder of the Accumulation Account, and will have sole dominion and control of the Accumulation Account for the benefit of the Series 2013-A Noteholders. Except as
expressly provided in the Indenture, the Transfer and Servicing Agreement and this Indenture Supplement, the Servicer agrees that it has no right of setoff or banker’s lien against, and no right to otherwise deduct from, any funds and other
property held in the Accumulation Account for any amount owed to it by the Indenture Trustee, the Issuer, any Noteholder or any Series Enhancers. If, at any time, either (i) the Servicer, in its sole discretion and for any reason, notifies the
Indenture Trustee in writing that there shall be established a new Accumulation Account at the institution selected by the Servicer or (ii) the Accumulation Account ceases to be a Qualified Account, the Indenture Trustee (or the Servicer on its
behalf), within ten Business Days (or such longer period, not to exceed 30 calendar days, as to which the Rating Agency Condition with respect to the Hired Rating Agencies shall have been satisfied), will establish a new Accumulation Account meeting
the conditions specified above, transfer any monies, instruments, securities, security entitlements, documents, certificates of deposit and other property to such new Accumulation Account and from the date such new Accumulation Account is
established, it will be the “Accumulation Account.” The Indenture Trustee shall assist the Servicer with establishment of a new Accumulation Account described in the preceding sentence. Pursuant to the authority granted to the Servicer in
Section 3.01(a) of the Transfer and Servicing Agreement, the Servicer has the power, revocable by the Indenture Trustee, to make withdrawals and payments from the Accumulation Account and to instruct the Indenture Trustee to make withdrawals
and payments from the Accumulation Account for the purposes of carrying out the Servicer’s or the Indenture 

  
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Trustee’s duties under the Transfer and Servicing Agreement, the Indenture and this Indenture Supplement, as applicable. 

(b) Funds on deposit in the Accumulation Account will, at the written direction of the Servicer, be invested by the Indenture Trustee or
its nominee (including the Securities Intermediary) in Eligible Investments selected by the Servicer. All such Eligible Investments will be held by the Indenture Trustee solely for the benefit of the Series 2013-A Noteholders. The Indenture Trustee
will cause each Eligible Investment to be delivered to it or its nominee (including a securities intermediary) and will be credited to the Accumulation Account maintained by the Indenture Trustee with the Securities Intermediary. Funds on deposit in
the Accumulation Account will be invested in Eligible Investments that will mature so that all such funds will be available no later than the close of business on the Business Day preceding each Payment Date. On each Payment Date with respect to the
Accumulation Period and on the first Payment Date with respect to the Early Amortization Period, all interest and other investment earnings (net of losses and investment expenses) on funds on deposit in the Accumulation Account will be withdrawn
from the Accumulation Account and treated as Series 2013-A Investor Available Interest Amounts with respect to the related Collection Period for application in accordance with Section 4.04(a). Net investment earnings on funds on deposit in
the Accumulation Account will not be considered principal amounts on deposit therein for purposes of this Indenture Supplement. The Indenture Trustee will bear no responsibility or liability for any losses resulting from investment or reinvestment
of any funds (other than in its capacity as primary obligor) in accordance with this Section 4.10(b) nor for the selection of Eligible Investments in accordance with the provisions of the Indenture, this Indenture Supplement or the Transfer and
Servicing Agreement. 
 (c) The Servicer or the Indenture Trustee, acting at the written direction of the Servicer, shall
(i) make withdrawals from the Accumulation Account in the amounts and for the purposes set forth in this Indenture Supplement and (ii) on each Payment Date with respect to the Accumulation Period, make deposits into the Accumulation
Account in the amounts specified in, and otherwise in accordance with, Section 4.04(d), (g) and (h). 

Section 4.11. Accumulation Period. The Accumulation Period is scheduled to begin at the close of business on August 1,
2015; provided, however, that if the Accumulation Period Length (as described below) is determined to be less than six months, the date on which the Accumulation Period actually begins may be delayed to the close of business on the
last day of the month preceding the month that is the number of whole months prior to the month in which the Series 2013-A Expected Final Payment Date occurs which is at least equal to the Accumulation Period Length (so that the number of full
Collection Periods in the Accumulation Period will at least equal the Accumulation Period Length). On or prior to August 1, 2015 and, thereafter, on or prior to the first Business Day of each Collection Period prior to the Collection Period in
which the Accumulation Period is scheduled to begin, the Issuer, acting directly or through the Administrator, may at its option, elect to delay the start of the Accumulation Period and thereby reduce the number of full Collection Periods in the
Accumulation Period (the “Accumulation Period Length”), provided, that, (i) the Accumulation Period shall start no later than January 1, 2016; (ii) the Rating Agency Condition shall be satisfied,
and (iii) prior to delaying the start of the Accumulation Period, an Authorized Officer of the Issuer shall have delivered to the Indenture Trustee an Officer’s Certificate to the effect that delaying the start of

  
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the Accumulation Period is not expected to delay any payment of principal to the Series 2013-A Noteholders. Once the Accumulation Period has commenced, the Accumulation Period Length cannot be
changed. 
 Section 4.12. Establishment of Reserve Account. 

(a) The Issuer will establish and the Indenture Trustee will maintain and hold in the name of the Indenture Trustee, solely for the
benefit of the Series 2013-A Noteholders, a Qualified Account bearing a designation clearly indicating that the funds and other property credited thereto are held solely for the benefit of the Series 2013-A Noteholders (the “Reserve
Account”). The Indenture Trustee will possess all right, title and interest in all Eligible Investments and all monies, instruments, securities, securities entitlements, documents, certificates of deposit and other property from time to
time on deposit in or credited to the Reserve Account and in all interest, proceeds, earnings, income, revenue, dividends and other distributions thereof (including any accrued discount realized on liquidation of any investment purchased at a
discount) solely for the benefit of the Series 2013-A Noteholders. The parties hereto acknowledge that the Indenture Trustee will be the sole entitlement holder of the Reserve Account, and will have sole dominion and control of the Reserve Account
for the benefit of the Series 2013-A Noteholders. Except as expressly provided in the Indenture and the Transfer and Servicing Agreement, the Servicer agrees that it has no right of setoff or banker’s lien against, and no right to otherwise
deduct from, any funds and other property held in the Reserve Account for any amount owed to it by the Indenture Trustee, the Issuer, any Noteholder or any Series Enhancers. If, at any time, either (i) the Servicer, in its sole discretion and
for any reason, notifies the Indenture Trustee in writing that there shall be established a new Reserve Account at the institution selected by the Servicer or (ii) the Reserve Account ceases to be a Qualified Account, the Indenture Trustee (or
the Servicer on its behalf), within ten Business Days (or such longer period, not to exceed 30 calendar days, as to which the Rating Agency Condition with respect to the Hired Rating Agencies shall have been satisfied), will establish a new Reserve
Account meeting the conditions specified above, transfer any monies, instruments, securities, security entitlements, documents, certificates of deposit and other property to such new Reserve Account and from the date such new Reserve Account is
established, it will be the “Reserve Account.” The Indenture Trustee shall assist the Servicer with establishment of a new Reserve Account described in the preceding sentence. Pursuant to the authority granted to the Servicer in
Section 3.01(a) of the Transfer and Servicing Agreement, the Servicer has the power, revocable by the Indenture Trustee, to make withdrawals and payments from the Reserve Account and to instruct the Indenture Trustee to make withdrawals and
payments from the Reserve Account for the purposes of carrying out the Servicer’s or the Indenture Trustee’s duties under the Transfer and Servicing Agreement, the Indenture and this Indenture Supplement, as applicable. 

(b) Funds on deposit in the Reserve Account will, at the written direction of the Servicer, be invested by the Indenture Trustee or its
nominee (including the Securities Intermediary) in Eligible Investments selected by the Servicer. All such Eligible Investments will be held by the Indenture Trustee solely for the benefit of the Series 2013-A Noteholders. The Indenture Trustee will
cause each Eligible Investment to be delivered to it or its nominee (including a securities intermediary) and will be credited to the Reserve Account maintained by the Indenture Trustee with the Securities Intermediary. Funds on deposit in the
Reserve Account will be invested in Eligible Investments that will mature so that all such funds will be available 

  
 31 

 
no later than the close of business on the Business Day next preceding each Payment Date. On each Payment Date, all interest and other investment earnings (net of losses and investment expenses)
on funds on deposit in the Reserve Account will be withdrawn from the Reserve Account and treated as Series 2013-A Investor Available Interest Amounts with respect to the related Collection Period for application in accordance with
Section 4.04(a). Net investment earnings on funds on deposit in the Reserve Account will not be considered principal amounts on deposit therein for purposes of this Indenture Supplement. The Indenture Trustee will bear no responsibility or
liability for any losses resulting from investment or reinvestment of any funds (other than in its capacity as primary obligor) in accordance with this Section 4.12(b) nor for the selection of Eligible Investments in accordance with the
provisions of the Indenture, this Indenture Supplement or the Transfer and Servicing Agreement. 
 (c) The Reserve Account will
be funded by the Issuer on the Series 2013-A Issuance Date in the amount of the Reserve Account Initial Deposit. 
 (d) On each
Payment Date, to the extent that Series 2013-A Investor Available Interest Amounts on deposit in the Collection Account with respect to such Payment Date, are insufficient to make all distributions and deposits required under clauses
(iii) through (v) of Section 4.04(a), and to the extent that amounts set forth in Section 4.04(b)(i) are insufficient to make up the Interest Shortfall with respect to Series 2013-A, the Servicer or the Indenture Trustee, acting
at the written direction of the Servicer, will withdraw amounts then on deposit in the Reserve Account, up to the amounts of any such Interest Shortfall, pursuant to clause (ii) of Section 4.04(b) and apply, or cause the Indenture Trustee
to apply, such amounts in accordance with clause (ii) of Section 4.04(b). If the Series 2013-A Notes are not paid in full on the earlier of (x) the Series 2013-A Final Maturity Date and (y) the first Payment Date on or after the
occurrence of an Event of Default and a declaration that all of the Series 2013-A Notes are immediately due and payable as set forth in Section 5.03(a) of the Indenture, any funds remaining in the Reserve Account, after application of amounts
therein on such date in accordance with Section 4.04(b)(ii), will be applied pursuant to Section 4.04(e) on such date. Upon the payment in full of the Series 2013-A Notes under the Indenture and this Indenture Supplement, any funds
remaining in the Reserve Account will be treated as Shared Excess Principal Amounts available from Series 2013-A and applied to cover Principal Shortfalls for other outstanding Series in Excess Principal Sharing Group One in accordance with
Section 8.05(b) of the Indenture. Upon the payment in full of the Series 2013-A Notes under the Indenture and this Indenture Supplement and to the extent such amounts are not needed to cover Principal Shortfalls for other outstanding Series in
Excess Principal Sharing Group One, as directed in writing by the Servicer, the Indenture Trustee shall distribute to the holders of the Transferor Interest, pursuant to the Trust Agreement, any amounts remaining on deposit in the Reserve Account.
Upon any such distribution to the holders of the Transferor Interest as set forth in the preceding sentence, the Issuer, Transferor, Owner Trustee, Indenture Trustee, Series Enhancers and Noteholders will have no further rights in, or claims to,
such amounts. 
 Section 4.13. Determination of LIBOR. 

(a) On each Interest Determination Date, the Calculation Agent will determine LIBOR based on the rate displayed on the Designated LIBOR
Page on such date. If the Designated LIBOR Page by its terms provides only for a single rate, then LIBOR for the 

  
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applicable Interest Period will be the rate for deposits in United States dollars having a maturity of one month (commencing on the first day of such Interest Period) that appears on the
Designated LIBOR Page as of 11:00 a.m. London time on the applicable Interest Determination Date. If at least two offered rates appear, LIBOR for the applicable Interest Period will be the arithmetic mean of the offered rates for deposits in United
States dollars having a maturity of one month (commencing on the first day of such Interest Period) that appears on the Designated LIBOR Page as of 11:00 a.m. London time, on the applicable Interest Determination Date. 

With respect to any Interest Determination Date on which no offered rate appears on the Designated LIBOR Page, LIBOR for the applicable
Interest Determination Date will be the rate calculated by the Calculation Agent as the arithmetic mean of at least two quotations obtained by the Calculation Agent after requesting the principal London offices of each of four major reference banks
in the London interbank market, which may include the Calculation Agent and its affiliates, as selected by the Calculation Agent, to provide the Calculation Agent with its offered quotations for deposits in United States dollars for the period of
one month, commencing on the second London Business Day immediately following the applicable Interest Determination Date, to prime banks in the London interbank market at approximately 11:00 a.m., London time, on such Interest Determination
Date and in a principal amount that is representative of a single transaction in United States dollars in that market at that time. If at least two such quotations are provided, LIBOR determined on the applicable Interest Determination Date will be
the arithmetic mean of the quotations. If fewer than two quotations referred to in this paragraph are provided, LIBOR determined on the applicable Interest Determination Date will be the rate calculated by the Calculation Agent as the arithmetic
mean of the rates quoted at approximately 11:00 a.m., in New York, New York, on the applicable Interest Determination Date by three major banks, which may include the Calculation Agent and its affiliates, in New York, New York selected by the
Calculation Agent for loans in United States dollars to leading European banks in a principal amount that is representative of a single transaction in United States dollars in that market at that time. If the banks so selected by the Calculation
Agent are not quoting as mentioned in this paragraph, LIBOR for the applicable Interest Determination Date will be LIBOR in effect on the preceding Interest Determination Date. 
 (b) The Note Interest Rate applicable to the then-current and the immediately preceding Interest Periods may be obtained by contacting the Indenture Trustee at its Corporate Trust Office or such other
contact information as may be designated by the Indenture Trustee for such purpose by prior written notice by the Indenture Trustee to each Noteholder from time to time. 
 (c) On each Interest Determination Date, the Indenture Trustee will send to the Servicer, the Issuer and the Administrator by facsimile transmission, notification of LIBOR for the following Interest
Period. 

  
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 ARTICLE V 
 DELIVERY OF SERIES 2013-A NOTES; 
 DISTRIBUTIONS; REPORTS TO SERIES 2013-A
NOTEHOLDERS 
 Section 5.01. Delivery and Payment for Series 2013-A Notes. 

The Indenture Trustee will execute the Series 2013-A Notes in accordance with Section 2.03 of the Indenture. The Indenture Trustee
will deliver the Series 2013-A Notes to or upon the order of the Issuer when so authenticated. 
 Section 5.02.
Distributions. 
 (a) On each Payment Date, the Paying Agent will distribute to each Series 2013-A Noteholder of
record on the related Record Date (other than as provided in Section 11.02 of the Indenture) such Series 2013-A Noteholder’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Payment Date to
pay interest on the Series 2013-A Notes pursuant to this Indenture Supplement. 
 (b) On each Payment Date, the Paying Agent will
distribute to each Series 2013-A Noteholder of record on the related Record Date (other than as provided in Section 11.02 of the Indenture) such Series 2013-A Noteholder’s pro rata share of the amounts held by the Paying Agent that
are allocated and available on such Payment Date to pay principal on the Series 2013-A Notes pursuant to this Indenture Supplement. 
 (c) The distributions to be made pursuant to this Section are subject to the provisions of Sections 2.03, 6.01 and 7.01 of the Transfer and Servicing Agreement, Section 11.02 of the Indenture and
Section 7.01 of this Indenture Supplement. 
 (d) Except as provided in Section 11.02 of the Indenture with respect to
a final distribution, distributions to Series 2013-A Noteholders hereunder will be made (i) by wire transfer of immediately available funds to an account designated by the Series 2013-A Noteholders and (ii) without presentation or
surrender of any Series 2013-A Notes or the making of any notation thereon. 
 Section 5.03. Reports and Statements to
Series 2013-A Noteholders. 
 (a) Not later than the second Business Day preceding each Payment Date, the Servicer will mail
or deliver to the Owner Trustee, the Indenture Trustee, the Paying Agent and each Hired Rating Agency (i) a statement substantially in the form of Exhibit B prepared by the Servicer and (ii) a certificate of an Authorized Officer
substantially in the form of Exhibit C; provided that the Servicer may amend the form of Exhibit B and Exhibit C form time to time. 
 (b) On each Payment Date, the Paying Agent, on behalf of the Indenture Trustee, will deliver to each Series 2013-A Noteholder a copy of each statement or certificate delivered pursuant to paragraph (a).

  
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 (c) On or before January 31 of each calendar year, beginning with calendar year 2014,
the Paying Agent, on behalf of the Indenture Trustee, will furnish or cause to be furnished to each Person who at any time during the preceding calendar year was a Series 2013-A Noteholder, a statement prepared by the Servicer containing the
information that is required to be contained in the statement to Series 2013-A Noteholders, as set forth in paragraph (b) above, aggregated for such calendar year together with other information as is required to be provided by an issuer of
indebtedness under the Code. Such obligation of the Servicer will be deemed to have been satisfied to the extent that substantially comparable information is provided by the Paying Agent pursuant to any requirements of the Code as from time to time
in effect. Any statement delivered pursuant to this paragraph (c) may be delivered by the Indenture Trustee by electronic transmission so long as the Indenture Trustee shall have provided each Series 2013-A Noteholder with free and open access
(if required) to such statement. 
 (d) Solely with respect to the Series 2013-A Notes, Section 3.06 of the Transfer and
Servicing Agreement shall be revised to read “[Reserved]”. 
 Section 5.04. Tax Treatment. 

Each of the parties to this Indenture Supplement hereby severally covenants and agrees, in each case as to itself individually, to treat
the Series 2013-A Notes (other than Tax Retained Notes, if any) as indebtedness for applicable United States federal, state, and local income and franchise tax law and for purposes of any other tax imposed on, or measured by, income. 

Section 5.05. Information to be Provided by the Indenture Trustee. 

The Indenture Trustee shall provide the Issuer and the Servicer (each, a “Nissan Party,” and collectively, the
“Nissan Parties”) pursuant to the terms of the Memorandum of Understanding with the Indenture Trustee, dated as of January 31, 2012, with (i) notification pursuant to Sections 2.03(b), 2.04(b) and 3.03(b) of the Transfer
and Servicing Agreement and Sections 2.02(b) and 2.03(b) of the Receivables Purchase Agreement, as soon as practicable and in any event within ten Business Days, and (ii) promptly upon the request by a Nissan Party, any information in its
possession reasonably requested by a Nissan Party to facilitate compliance by the Nissan Parties with Rule 15Ga-1 under the Exchange Act and Items 1104(e) and 1121(c) of Regulation AB. In no event shall the Indenture Trustee be deemed to be a
“securitizer” as defined in Section 15G(a) of the Exchange Act, nor shall it have any responsibility for making any filing required to be made by a securitizer under the Exchange Act or Regulation AB. 

ARTICLE VI 

SERIES 2013-A EARLY AMORTIZATION EVENTS 
 Section 6.01. Series 2013-A Early Amortization Events. 
 If any one of
the Early Amortization Events specified in the definition thereof in the Annex of Definitions or any one of the following events occurs with respect to the Series 2013-A Notes: 

  
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 (i) failure by the Issuer, the Transferor, the Servicer or NMAC (if NMAC is
no longer the Servicer), as applicable (a) to make any payment or deposit required by the terms of the Transfer and Servicing Agreement, the Receivables Purchase Agreement, the Indenture or this Indenture Supplement, including but not limited
to any Transferor Deposit Amounts, on or before the date occurring ten Business Days after the date such payment or deposit is required to be made, (b) to deliver a Payment Date Statement on the date required under the Transfer and Servicing
Agreement, or within the applicable grace period which will not exceed five Business Days, (c) to comply with its covenant not to create any Lien on any Receivable, or (d) to observe or perform in any material respect any other covenants
or agreements set forth in the Transfer and Servicing Agreement, the Receivables Purchase Agreement, the Indenture or this Indenture Supplement which failure (in the case of this clause (d)) continues unremedied for a period of 60 days after the
date on which notice of such failure requiring the same to be remedied, has been given to the Issuer, the Transferor, the Servicer or NMAC (if NMAC is no longer the Servicer), as applicable, by the Indenture Trustee, or to the Issuer, the
Transferor, the Servicer or NMAC (if NMAC is no longer the Servicer), as applicable, and the Indenture Trustee by any Holder of a Series 2013-A Note; 
 (ii) any representation or warranty made by (x) NMAC, as seller, in the Receivables Purchase Agreement or (y) the Transferor in the Transfer and Servicing Agreement, or any information required
to be delivered by NMAC or the Transferor to identify the Accounts, proves to have been incorrect in any material respect when made or when delivered, which continues to be incorrect in any material respect for a period of 60 days after the date on
which written notice of such failure, requiring the same to be remedied, has been given to the Issuer, NMAC or the Transferor, as applicable, by the Indenture Trustee, or to the Issuer, NMAC or the Transferor, as applicable, and the Indenture
Trustee by any Holder of a Series 2013-A Note and as a result the interests of the Series 2013-A Noteholders are materially and adversely affected; provided, however, that an Early Amortization Event pursuant to this clause
(ii) will not be deemed to have occurred hereunder if the Transferor has accepted reassignment of the related Receivable, or all of such Receivables, if applicable, during such period in accordance with the provisions of the Transfer and
Servicing Agreement; 
 (iii) the occurrence of an Insolvency Event with respect to the Issuer, the Transferor,
NMAC, NNA or NML; 
 (iv) a failure by the Transferor to transfer to the Issuer Receivables in Additional
Accounts within ten Business Days after the day on which it is required to convey those Receivables under the Transfer and Servicing Agreement; 
 (v) on any Payment Date, the Series 2013-A Overcollateralization Amount is reduced to an amount less than the product of (i) the applicable Series 2013-A Overcollateralization Percentage and
(ii) the Series 2013-A Initial 

  
 36 

 
Principal Amount; provided, that, for the purpose of determining whether an Early Amortization Event has occurred pursuant to this clause (v), any reduction of the Primary Series 2013-A
Overcollateralization Amount resulting from Reallocated Principal Collections to pay interest on the Series 2013-A Notes in the event LIBOR is equal to or greater than the Reference Rate upon which interest on the Receivables is calculated on the
applicable Interest Determination Date will be considered an Early Amortization Event only if LIBOR remains equal to or greater than such Reference Rate for the next 30 consecutive days following such Interest Determination Date; provided, further
that, if the reduction occurs on any Payment Date on which the Series 2013-A Overcollateralization Percentage is increased because the average of the Monthly Payment Rates for the three preceding Collection Periods is less than 35% or the
Series 2013-A Overcollateralization Percentage is further increased because the average of the Monthly Payment Rates for the three preceding Collection Periods is less than 30%, then that reduction shall be an Early Amortization Event if the Series
2013-A Overcollateralization Amount remains less than the Required Series 2013-A Overcollateralization Amount for five or more days after the Payment Date on which the Series 2013-A Overcollateralization Percentage increased; 

(vi) any Servicer Default that adversely affects in any material respect the interests of any noteholder, or NMAC no
longer acts as Servicer under the Transfer and Servicing Agreement; 
 (vii) on any Determination Date, the
average of the Monthly Payment Rates for the three consecutive Collection Periods preceding such Determination Date is less than 25% for a period of at least 5 days after the date on which written notice of such event has been given to the Issuer,
NMAC and the Transferor; 
 (viii) for three consecutive Determination Dates, the amounts on deposit in the
Excess Funding Account on each such Determination Date exceed 30% of the sum of the Invested Amounts of all outstanding Series issued by the Issuer; 
 (ix) the Series 2013-A Outstanding Principal Amount is not repaid in full on the Series 2013-A Expected Final Payment Date; 

(x) the Issuer or the Transferor becomes subject to the requirement that it register as an investment company within the
meaning of the Investment Company Act of 1940; or 
 (xi) the occurrence of an Event of Default with respect to
Series 2013-A Notes and the declaration that the Series 2013-A Notes are due and payable pursuant to the Indenture. 
 then, in the case of
any event described in clauses (i), (ii) or (vi) above, an Early Amortization Event with respect to Series 2013-A will be deemed to have occurred only if, after the applicable grace period described in those clauses, if any, either the
Indenture Trustee or Series 2013-A 

  
 37 

 
Noteholders holding Series 2013-A Notes evidencing more than 50% of the Series 2013-A Outstanding Principal Amount by written notice to the Transferor, NMAC, the Servicer and the Indenture
Trustee (if given by Series 2013-A Noteholders), declare that an Early Amortization Event has occurred as of the date of that notice. In the case of any Early Amortization Event described in the definition thereof in the Annex of Definitions or any
event described in clause (iii), (iv), (v) or clauses (vii) through (xi) above, an Early Amortization Event with respect to Series 2013-A will be deemed to have occurred without any notice or other action on the part of the Indenture
Trustee or the Series 2013-A Noteholders immediately upon the occurrence of that event. 
 If an Early Amortization Event
(other than an Early Amortization Event specified in clause (iii) or (x) above) has occurred and the Accumulation Period has not commenced and if the Series 2013-A Noteholders holding Series 2013-A Notes evidencing more than 50% of the
Series 2013-A Outstanding Principal Amount consent to the recommencement of the Revolving Period and the Rating Agency Condition with respect to the Hired Rating Agencies is satisfied, the related Early Amortization Event shall terminate and the
Revolving Period shall recommence. Notwithstanding anything to the contrary herein, if an Early Amortization Event specified in clause (iii) or (x) above has occurred, the Revolving Period shall not recommence under any circumstances.

 ARTICLE VII 
 REDEMPTION OF SERIES 2013-A NOTES; 
 SERIES FINAL MATURITY; FINAL DISTRIBUTIONS

 Section 7.01. Redemption of Series 2013-A Notes. 

(a) On any day occurring on or after the date on which the Series 2013-A Outstanding Principal Amount is reduced to 10% or less of the
Series 2013-A Initial Principal Amount, the Issuer will have the option to redeem the Series 2013-A Notes, in whole but not in part, at a redemption price equal to (i) if such day is a Payment Date, the Reassignment Amount for such Payment Date
or (ii) if such day is not a Payment Date, the Reassignment Amount for the Payment Date following such day. 
 (b) The
Issuer will give the Servicer and the Indenture Trustee reasonable prior written notice of the date on which the Issuer intends to exercise its option to redeem the Series 2013-A Notes. Not later than 12:00 noon, New York City time, on the date on
which the Issuer is to redeem the Series 2013-A Notes, the Issuer will deposit into the Collection Account in immediately available funds an amount equal to the excess of the Reassignment Amount over amounts then on deposit in the Collection Account
and available to be applied to the payment of the Reassignment Amount. Such redemption option is subject to payment in full of the Reassignment Amount. Following such deposit into the Collection Account in accordance with the foregoing, the Series
2013-A Invested Amount will be reduced to zero and the Series 2013-A Noteholders will have no further interest in the Receivables. The Reassignment Amount will be distributed in the manner set forth in Section 7.02. 

  
 38 

 Section 7.02. Series Final Maturity. 

(a) The amount to be paid by the Transferor with respect to Series 2013-A in connection with reassignment of the Noteholders’
Collateral pursuant to Section 2.03 of the Transfer and Servicing Agreement will be the Reassignment Amount for the first Payment Date following the Collection Period in which the reassignment obligation arises under the Transfer and Servicing
Agreement. With respect to the Reassignment Amount deposited into the Collection Account pursuant to Section 2.03 of the Transfer and Servicing Agreement, the Reassignment Amount deposited into the Collection Account pursuant to
Section 7.01 hereof and the proceeds from any Foreclosure Remedy pursuant to Section 5.05 of the Indenture, the Indenture Trustee will, in accordance with the written direction of the Servicer, not later than 12:00 noon, New York City
time, on the related Payment Date, make distributions of the following amounts (in the priority set forth below and, in each case after giving effect to any deposits and distributions otherwise to be made on such date) in immediately available
funds: (A) the Series 2013-A Outstanding Principal Amount on such Payment Date will be distributed to the Paying Agent for payment to the Series 2013-A Noteholders and (B) an amount equal to the sum of (1) Monthly Interest for such
Payment Date, (2) any Monthly Interest previously due but not distributed to the Series 2013-A Noteholders on any prior Payment Date and (3) Additional Interest, if any, for such Payment Date and any Additional Interest previously due but
not distributed to the Series 2013-A Noteholders on any prior Payment Date will be distributed to the Paying Agent for payment to the Series 2013-A Noteholders. 
 (b) Notwithstanding anything to the contrary in this Indenture Supplement, the Indenture or the Transfer and Servicing Agreement, all amounts distributed to the Paying Agent pursuant to
Section 7.02(a) for payment to the Series 2013-A Noteholders will be deemed distributed in full to the Series 2013-A Noteholders on the date on which such funds are distributed to the Paying Agent pursuant to this Section and will be deemed to
be a final distribution pursuant to Section 11.02 of the Indenture. 
 Section 7.03. No Defeasance. 

The Issuer shall not have the option to be discharged from its obligations with respect of the Series 2013-A Notes as described in
Section 11.04 of the Indenture. 
 ARTICLE VIII 
 MISCELLANEOUS PROVISIONS 
 Section 8.01. Ratification of Agreement. As
supplemented by this Indenture Supplement, the Indenture is in all respects ratified and confirmed and the Indenture as so supplemented by this Indenture Supplement is to be read, taken and construed as one and the same instrument. 

Section 8.02. Form of Delivery of Series 2013-A Notes. 

(a) The Series 2013-A Notes shall be Global Notes and shall be delivered as provided in Section 2.03 of the Indenture; provided that
any Retained Notes shall be issued as 

  
 39 

 
Definitive Notes and the holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of the Indenture. 

Section 8.03. Notices. 
 All notices, requests, reports, consents or other communications required to be delivered to the Rating Agencies hereunder or under the Indenture shall be delivered to each Rating Agency then rating the
Notes; provided, however, that all notices, requests, reports, consents or other communications required to be delivered to the Rating Agencies hereunder or under the Indenture shall be deemed to be delivered if a copy of such notice, request,
report, consent or other communication has been posted on any website maintained by or on behalf of NMAC pursuant to a commitment to any Rating Agency relating to the Notes in accordance with 17 C.F.R. 240 17g-5(a)(3). 

Section 8.04. Amendments and Waivers. 
 (a) This Indenture Supplement may be amended by the Transferor, Servicer and the Issuer with the consent of the Indenture Trustee, but without the consent of any of the Series 2013-A Noteholders, to cure
any ambiguity, correct or supplement any provision herein that may be inconsistent with any other provision herein, or for any other purpose; provided that (i)(A) the Servicer shall have delivered an Officer’s Certificate to the
Indenture Trustee and the Owner Trustee stating that such amendment will not materially and adversely affect any Series 2013-A Noteholder or (B) the Rating Agency Condition with respect to the Hired Rating Agencies shall have been
satisfied with respect to such Amendment and (ii) the Issuer shall have received a Required Federal Income Tax Opinion and have delivered a copy to the Indenture Trustee. 
 If any proposed amendment or supplement described in this Section 8.04(a) would materially and adversely affect any of the rights or obligations of any Certificateholder, the Owner Trustee shall
obtain the consent of each Certificateholder prior to the adoption of such amendment or supplement; provided, that no Certificateholder’s consent to any such amendment or supplement shall be unreasonably withheld or delayed, and provided,
further, that each Certificateholder’s consent will be deemed to have been given if such Certificateholder does not object in writing within 10 days of receipt of a written request for such consent. Upon receipt of the consent, or deemed
consent, of each Certificateholder, the Owner Trustee shall notify the Indenture Trustee of such consent or deemed consent. 

(b) This Indenture Supplement may also be amended from time to time by the Transferor, the Servicer and the Issuer, with the consent of
the Indenture Trustee, receipt by the Issuer with a copy to the Indenture Trustee, of a Required Federal Income Tax Opinion and the consent of: 
 (i) the holders of notes evidencing a majority of the outstanding Series 2013-A Notes; or 
 (ii) in the case of any amendment that does not adversely affect the Indenture Trustee or any Series 2013-A Noteholders, the Holders of the Certificates evidencing a majority of the outstanding
Certificate balance; 

  
 40 

 for the purpose of adding any provisions to or changing in any manner or eliminating any of
the provisions of this Indenture Supplement or of modifying in any manner the rights of those Series 2013-A Noteholders or Certificateholders; provided, however, that no amendment shall: 

(x) increase or reduce in any manner the amount of, or accelerate or delay the timing of, collections of payments on the
Series 2013-A Notes or distributions that are required to be made for the benefit of those Series 2013-A Noteholders or Certificateholders or change the Note Interest Rate or the Specified Reserve Account Balance (except as described above under
clause (ii) of subsection (a) above) without the consent of each “adversely affected” Series 2013-A Noteholder or Certificateholder; or 
 (y) reduce the aforesaid percentage of the outstanding Series or Class of Notes or Certificate Balance of the Certificates which is required to consent to any amendment, without the consent of the holders
of all the then outstanding Series 2013-A Notes or Certificates. 
 An amendment referred to above will be deemed not to
“adversely affect” a Series 2013-A Noteholder if the Rating Agency Condition with respect to the Hired Rating Agencies with respect to such amendment shall have been satisfied. In connection with any amendment referred to in clause
(x) above, the Servicer shall deliver an Officer’s Certificate to the Indenture Trustee and the Owner Trustee stating that those Noteholders and Certificateholders whose consents were not obtained were not adversely affected by such
amendment. 
 It shall not be necessary for the consent of the Certificateholders or the Noteholders pursuant to this
Section 8.04 to approve the particular form of any proposed amendment or consent, but it shall be sufficient if such consent shall approve the substance thereof. 
 (c) Promptly after the execution of any amendment or consent to this Indenture Supplement, the Servicer shall furnish a copy of such amendment or consent to each Hired Rating Agency. 

(d) Prior to the execution of any amendment to this Indenture Supplement, the Owner Trustee and the Indenture Trustee shall be entitled to
receive and rely upon an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by this Agreement. The Owner Trustee and the Indenture Trustee may, but shall not be obligated to, enter into any such amendment
which affects the Owner Trustee’s or the Indenture Trustee’s, as applicable, own rights, duties or immunities under this Indenture Supplement or otherwise. 
 (e) If, at any time and from time to time when the Series 2013-A Notes are outstanding, the Issuer determines that an amendment to this Indenture Supplement is desirable for the Issuer to issue additional
Series 2013-A Notes, then the Issuer and the Indenture Trustee may enter into such amendment without obtaining the consent of the Series 2013-A Noteholders; provided, that (a) the Rating Agency Condition with respect to the Hired
Agencies has been 

  
 41 

 
satisfied, (b) the Issuer has delivered to the Indenture Trustee and the Owner Trustee a Required Federal Income Tax Opinion and (c) the Series 2013-A Invested Amount of the Series
2013-A Notes and all amounts relating to the Series 2013-A Overcollateralization Amount shall be adjusted proportionately. 
 (f)
If, at any time when the Series 2013-A Notes are outstanding, and from time to time the Issuer determines that an amendment to the Indenture is desirable to conform to the Prospectus, then the Issuer and the Indenture Trustee may enter into such
amendment without obtaining the consent of the Series 2013-A Noteholders; provided, that (i) the Issuer has delivered notice of such amendment to the Rating Agencies on the date such amendment becomes effective and (ii) the Rating Agency
Condition has been satisfied. 
 Section 8.05. Counterparts. This Indenture Supplement may be executed in two or
more counterparts, and by different parties on separate counterparts, each of which will be an original, but all of which will constitute one and the same instrument. 
 Section 8.06. Governing Law. THIS INDENTURE SUPPLEMENT AND EACH SERIES 2013-A NOTE ARE TO BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO
ITS CONFLICTS OF LAWS PRINCIPLES. 
 Section 8.07. Effect of Headings and Table of Contents. The Article and Section
headings herein and the Table of Contents are for convenience only and are not intended to affect the construction hereof. 

Section 8.08. Waiver of Jury Trial. Each of the parties hereto hereby waives, to the fullest extent permitted by applicable
law, any right that it may have to a trial by jury in respect to any legal action or proceeding relating to this agreement. 

Section 8.09. Compliance with Regulation AB. So long as the Transferor is required to file any reports with respect to the
Issuer under the Exchange Act, the Servicer agrees to perform all duties and obligations applicable to or required of the Issuer set forth in Appendix A attached hereto and made a part hereof in all respects and makes the representations and
warranties therein applicable to it. 
 [Signature Page to Follow] 

  
 42 

 IN WITNESS WHEREOF, the Issuer and the Indenture Trustee have caused this Indenture
Supplement to be duly executed by their respective authorized officers, all as of the day and year first written above. 
  

			
	NISSAN MASTER OWNER TRUST
	RECEIVABLES, as Issuer
		
	By:	 	Wilmington Trust Company,
not in its individual capacity,
but solely as Owner Trustee
		
	By:	 	/s/ Dorri Costello
	Name: 	 	Dorri Costello
	Title:	 	Assistant Vice President
	
	U.S. BANK NATIONAL ASSOCIATION,
not in its individual capacity,
but solely as Indenture Trustee
		
	By:	 	/s/ Patricia M. Child
	Name:	 	Patricia M. Child
	Title:	 	Vice President

  

			
	Agreed and accepted as of
	February 28, 2013
	
	NISSAN MOTOR ACCEPTANCE CORPORATION, as Servicer
		
	By:	 	/s/ Mark Kaczynski
	Name: 	 	Mark Kaczynski
	Title:	 	President
	
	SOLELY WITH RESPECT TO SECTION 5.03(d):
	
	WILMINGTON TRUST COMPANY,
not in its individual capacity,
but solely as Owner Trustee
		
	By:	 	/s/ Dorri Costello
	Name:	 	Dorri Costello
	Title:	 	Assistant Vice President

  

					
		 	S-1	 	Series 2013-A Indenture Supplement

 EXHIBIT A 
 FORM OF 
 SERIES 2013-A NOTE 

UNLESS THIS SERIES 2013-A NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO
THE INDENTURE TRUSTEE OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY SERIES 2013-A NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 THE OUTSTANDING PRINCIPAL AMOUNT OF THIS SERIES 2013-A NOTE MAY BE
REDUCED FROM TIME TO TIME BY DISTRIBUTIONS ON THIS SERIES 2013-A NOTE ALLOCABLE TO PRINCIPAL. ACCORDINGLY, FOLLOWING THE INITIAL ISSUANCE OF THIS SERIES 2013-A NOTE, THE OUTSTANDING PRINCIPAL AMOUNT OF THIS NOTE MAY BE DIFFERENT FROM THE INITIAL
PRINCIPAL AMOUNT SHOWN BELOW. ANYONE ACQUIRING THIS SERIES 2013-A NOTE MAY ASCERTAIN THE CURRENT OUTSTANDING PRINCIPAL AMOUNT OF THIS SERIES 2013-A NOTE BY INQUIRY OF THE INDENTURE TRUSTEE. ON THE DATE OF THE INITIAL ISSUANCE OF THIS SERIES 2013-A
NOTE, THE INDENTURE TRUSTEE IS U.S. BANK NATIONAL ASSOCIATION. 
 THIS NOTE IS NOT AN OBLIGATION OF, AND WILL NOT BE INSURED OR GUARANTEED BY,
ANY GOVERNMENTAL AGENCY OR NISSAN WHOLESALE RECEIVABLES CORPORATION II, NISSAN MOTOR ACCEPTANCE CORPORATION, NISSAN NORTH AMERICA, INC., NISSAN MOTOR CO., LTD., ANY TRUSTEE OR ANY OF THEIR AFFILIATES. 

THE HOLDER OF THIS SERIES 2013-A NOTE, BY ACCEPTANCE OF THIS SERIES 2013-A NOTE, AND EACH HOLDER OF A BENEFICIAL INTEREST THEREIN, AGREES TO TREAT
THE SERIES 2013-A NOTES AS INDEBTEDNESS FOR APPLICABLE UNITED STATES FEDERAL, STATE, AND LOCAL INCOME AND FRANCHISE TAX LAW AND FOR PURPOSES OF ANY OTHER TAX IMPOSED ON, OR MEASURED BY, INCOME. 

THE HOLDER OF THIS SERIES 2013-A NOTE (OR ANY INTEREST THEREIN) SHALL BE DEEMED TO REPRESENT, WARRANT AND COVENANT THAT EITHER (I) IT IS NOT
ACQUIRING THE NOTE (OR ANY INTEREST THEREIN) WITH THE ASSETS OF (A) AN “EMPLOYEE BENEFIT PLAN” AS DEFINED IN SECTION 3(3) OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), WHICH IS SUBJECT TO
TITLE I OF ERISA, (B) A “PLAN” AS DEFINED IN 

  
 A-1

 
AND SUBJECT TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), (C) AN ENTITY DEEMED TO HOLD THE “PLAN ASSETS” OF ANY OF THE FOREGOING BY
REASON OF INVESTMENT BY AN EMPLOYEE BENEFIT PLAN OR PLAN IN SUCH ENTITY, OR (D) A GOVERNMENTAL, NON-U.S. OR CHURCH PLAN THAT IS SUBJECT TO A LAW THAT IS SIMILAR TO SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE; OR (II) THE ACQUISITION,
HOLDING AND DISPOSITION OF THE SERIES 2013-A NOTE (OR ANY INTEREST THEREIN) WILL NOT GIVE RISE TO A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA, SECTION 4975 OF THE CODE, OR ANY OTHER LAW THAT IS SIMILAR TO SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE. 

  
 A-2

			
	 Registered
	 	$                    

 No. R-     
 NISSAN MASTER OWNER TRUST RECEIVABLES, 
 SERIES 2013-A NOTE 

Nissan Master Owner Trust Receivables (herein referred to as the “Issuer”), a Delaware statutory trust formed by a
Trust Agreement dated as of May 13, 2003, as amended and restated by an Amended and Restated Trust Agreement, dated as of October 15, 2003, for value received, hereby promises to pay to CEDE & CO., or registered assigns, subject
to the following provisions, the principal sum of $            , or such lesser amount, as determined in accordance with the Indenture (referred to herein) and the Indenture Supplement
(referred to herein), on the Series 2013-A Final Maturity Date, except as otherwise provided below or in the Indenture Supplement. The Issuer will pay interest on the unpaid principal amount of this Series 2013-A Note at the Note Interest Rate on
each Payment Date until the principal amount of this Series 2013-A Note is paid in full. Interest on this Series 2013-A Note will accrue for each Payment Date from and including the most recent Payment Date on which interest has been paid to but
excluding such Payment Date or, for the initial Payment Date, from and including the Series 2013-A Issuance Date to but excluding such Payment Date. Interest will be computed as provided in the Indenture Supplement. Principal of this Series 2013-A
Note will be paid in the manner specified on the reverse hereof. 
 The principal of and interest on this Series 2013-A Note are
payable in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. 
 Reference is made to the further provisions of this Series 2013-A Note set forth on the reverse hereof, which will have the same effect as though fully set forth on the face of this Series 2013-A Note.

 Unless the certificate of authentication hereon has been executed by or on behalf of the Indenture Trustee, by manual
signature, this Series 2013-A Note will not be entitled to any benefit under the Indenture or the Indenture Supplement referred to on the reverse hereof, or be valid for any purpose. 

  
 A-3

 IN WITNESS WHEREOF, the Issuer has caused this Series 2013-A Note to be duly executed.

  

			
	NISSAN MASTER OWNER TRUST RECEIVABLES, as Issuer
		
	By:	 	WILMINGTON TRUST COMPANY,
		 	not in its individual capacity,
		 	but solely as Owner Trustee
		
	By	 	 
	Name:	 	
	Title:	 	

 Dated:         , 2013 

INDENTURE TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
 This is one of the Notes of the Series described therein and referred to in the within-mentioned Indenture. 

 

			
	U.S. BANK NATIONAL ASSOCIATION,
	not in its individual capacity,
but solely as Indenture Trustee
		
	By	 	 
	Name: 	 	
	Title:	 	

  
 A-4

 NISSAN MASTER OWNER TRUST RECEIVABLES, 

SERIES 2013-A NOTE 
 Summary of Terms and Conditions 
 This Series 2013-A Note is one of a duly
authorized issue of Notes of the Issuer, designated as the Nissan Master Owner Trust Receivables, Series 2013-A Note (the “Series 2013-A Notes”), issued under the Amended and Restated Indenture, dated as of
October 15, 2003 (the “Indenture”), between the Issuer and U.S. BANK NATIONAL ASSOCIATION, as indenture trustee (the “Indenture Trustee”), as supplemented by the Series 2013-A Indenture Supplement, dated
as of February 28, 2013, (the “Indenture Supplement”), between the Issuer and the Indenture Trustee and representing the right to receive certain payments from the Issuer. The term Indenture, unless the context otherwise
requires, refers to the Indenture as supplemented by the Indenture Supplement. The Series 2013-A Notes are subject to all of the terms of the Indenture and the Indenture Supplement. All terms used in this Series 2013-A Note that are defined in
the Annex of Definitions relating to the Indenture and the other Transaction Documents or the Indenture Supplement have the meanings assigned to them in or pursuant thereto, as applicable. In the event of any conflict or inconsistency between the
Annex of Definitions or the Indenture Supplement, as applicable, and this Series 2013-A Note, the Annex of Definitions or the Indenture Supplement, as applicable, controls. 
 The Series 2013-A Noteholder, by its acceptance of this Series 2013-A Note, agrees that it will look solely to the property of the Issuer allocated to the payment of this Series 2013-A Note for
payment hereunder and that the Indenture Trustee is not liable to the Series 2013-A Noteholders for any amount payable under this Series 2013-A Note or the Indenture or, except as expressly provided in the Indenture, subject to any liability under
the Indenture. 
 This Series 2013-A Note does not purport to summarize the Indenture and reference is made to the Indenture and
the Indenture Supplement for the interests, rights and limitations of rights, benefits, obligations and duties evidenced thereby, and the rights, duties and immunities of the Indenture Trustee. 

The Series 2013-A Initial Principal Amount is $1,000,000,000. The Series 2013-A Outstanding Principal Amount on any date of
determination will be an amount equal to (a) the Series 2013-A Initial Principal Amount, minus (b) the aggregate amount of principal payments made to the Series 2013-A Noteholders on or before such date. Payments of principal of the Series
2013-A Notes will be made in accordance with the provisions of the Indenture and the Indenture Supplement. 
 Subject to the
terms and conditions of the Indenture and the Trust Agreement, the Transferor may, from time to time, direct the Owner Trustee, on behalf of the Issuer, to issue one or more new Series of Notes. The Series 2013-A Notes are included in Excess
Interest Sharing Group One and Excess Principal Sharing Group One. 

  
 A-5

 On each Payment Date, the Paying Agent will distribute to each Series 2013-A Noteholder of
record on the related Record Date (except for the final distribution in respect of this Series 2013-A Note) such Series 2013-A Noteholder’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Payment
Date to pay interest and principal on the Series 2013-A Notes pursuant to the Indenture Supplement. Except as provided in the Indenture with respect to a final distribution, distributions to the Series 2013-A Noteholders shall be made (i) on
the due date thereof, to an account designated by the holder of this Series 2013-A Note, in United States dollars and in immediately available funds and (ii) without presentation or surrender of any Series 2013-A Note or the making of any
notation thereon. Final payment of this Series 2013-A Note will be made only upon presentation and surrender of this Series 2013-A Note at the office or agency specified in the notice of final distribution delivered by the Indenture Trustee to the
Series 2013-A Noteholders in accordance with the Indenture. 
 On any day occurring on or after the date on which the Series
2013-A Outstanding Principal Amount is reduced to 10% or less of the Series 2013-A Initial Principal Amount, the Issuer will have the option to redeem the Series 2013-A Notes, at a purchase price equal to (i) if such day is a Payment Date, the
Reassignment Amount for such Payment Date or (ii) if such day is not a Payment Date, the Reassignment Amount for the Payment Date following such day. 
 This Series 2013-A Note does not represent an obligation of, or an interest in, the Transferor, Nissan Motor Acceptance Corporation, Nissan Motor Co., Ltd. or any Affiliate of any of them and is not
insured or guaranteed by any governmental agency or instrumentality. 
 Each Series 2013-A Noteholder, by accepting a Note,
hereby covenants and agrees that it will not at any time institute against the Issuer or the Transferor, or join in instituting against the Issuer or the Transferor, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings,
or other proceedings under any United States federal or state bankruptcy or similar law. 
 The Issuer, the Transferor, the
Indenture Trustee and any agent of the Issuer, Transferor or the Indenture Trustee will treat the person in whose name this Series 2013-A Note is registered as the owner hereof for all purposes, and none of the Issuer, the Transferor, the Indenture
Trustee or any agent of the Issuer, Transferor or the Indenture Trustee will be affected by notice to the contrary. 
 THIS
SERIES 2013-A NOTE IS TO BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO ITS CONFLICTS OF LAWS PRINCIPLES. 

  
 A-6

 ASSIGNMENT 
 Social Security or other identifying number of
assignee                                     

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto (name and address of assignee) the within Series 2013-A Note
and all rights thereunder, and hereby irrevocably constitutes and appoints
                                        ,
attorney, to transfer said Note on the books kept for registration thereof, with full power of substitution in the premises. 

Dated:                     
            1 
 Signature Guaranteed: 

 

	1	The signature to this assignment must correspond with the name of the registered owner as it appears on the face of the within Note in every particular, without
alteration, enlargement or any change whatsoever. 

  
 A-7

 EXHIBIT B 
 FORM OF MONTHLY SERVICER’S STATEMENT 
 [On file with the Servicer]

  
 B-1

 EXHIBIT C 
 FORM OF AUTHORIZED OFFICER CERTIFICATE 
 [Name of Servicer] 

NISSAN MASTER OWNER TRUST RECEIVABLES, 
 SERIES 2013-A 
 Pursuant to Section 3.04 of the Amended and Restated Transfer
and Servicing Agreement, dated as of October 15, 2003 (as in effect on the date hereof, the “Transfer and Servicing Agreement”), among Nissan Wholesale Receivables Corporation II, as transferor
(the “Transferor”), Nissan Master Owner Trust Receivables, as issuer (the “Issuer”) and Nissan Motor Acceptance Corporation, as servicer (the “Servicer”) and Section 5.03(a) of the
Indenture Supplement, dated as of February 28, 2013 (as in effect on the date hereof, the “Indenture Supplement”) to the Amended and Restated Indenture, dated as of October 15, 2003 (as in effect on the date hereof, the
“Base Indenture”; and together with the Indenture Supplement, the “Indenture”), each between the Issuer and U.S. BANK NATIONAL ASSOCIATION, as indenture trustee (the “Indenture Trustee”), the
Servicer is required to prepare a Payment Date Statement. The undersigned, a duly Authorized Officer of the Servicer, does hereby certify in this Certificate (this “Certificate”): 

(i) Capitalized terms used in this Certificate have their respective meanings set forth in the Annex of Definitions
attached to the Transfer and Servicing Agreement or the Indenture Supplement, as applicable. 
 (ii) This
Certificate is being delivered pursuant to Section 5.03(a) of the Indenture Supplement. 
 (iii) The
undersigned is the Servicer under the Indenture and the Transfer and Servicing Agreement. The undersigned is an Authorized Officer of the Servicer. 
 (iv) The date of this Certificate is on, or prior to, the Determination Date related to the Payment Date occurring on
                    . 
 (v) As of the date hereof, to the best knowledge of the undersigned, the Servicer has performed in all material respects all its obligations under the Indenture and the Transfer and Servicing Agreement
through the Collection Period preceding such Payment Date [or, if there has been a default in the performance of any such obligation, set forth in detail the (i) nature of such default, (ii) the action taken by the Transferor and Servicer,
if any, to remedy such default and (iii) the current status of each such default]. 

  
 C-1

 (vi) As of the date hereof, no Early Amortization Event or Event of Default
has occurred and is continuing under (and as defined in) the Indenture and, to the best knowledge of the undersigned, no event or condition exists which with notice and/or the passage of time, would constitute an Early Amortization Event or Event of
Default. 
 (vii) The Payment Date Statement with respect to the Payment Date occurring on
                     is true, complete and accurate in all material respects. 

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this
         day of             . 
  

			
	
[                         
                                         
               ],
 as Servicer

		
	By:	 	 
		 	 Name:

Title:

  
 C-2

 APPENDIX A 
 REGULATION AB REPRESENTATIONS, WARRANTIES AND COVENANTS 
 PART I 

DEFINED TERMS 
 Section 1.01. As used in this Appendix A, the following terms shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined);
unless otherwise defined herein, terms used in this Appendix A that are defined in the Indenture Supplement to which this Appendix A is attached shall have the same meanings herein as in the Indenture Supplement: 

“Commission”: The United States Securities and Exchange Commission. 

“Regulation AB”: Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R.
§§229.1100-229.1123, as such may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Commission in the adopting release (Asset-Backed Securities, Securities Act Release
No. 33-8518, 70 Fed. Reg. 1,506, 1,531 (Jan. 7, 2005)) or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time. 
 “Securities Act”: The Securities Act of 1933, as amended. 

PART II 

COMPLIANCE WITH REGULATION AB 
 Section 2.01. Intent of the Parties; Reasonableness. 
 Each of the
Issuer, the Indenture Trustee, the Transferor and the Servicer acknowledges and agrees that the purpose of Part II of this Appendix A is to facilitate compliance by the Issuer, the Indenture Trustee, the Transferor, and the Servicer with the
provisions of Regulation AB and related rules and regulations of the Commission. 
 Neither the Issuer nor the Transferor shall
exercise its right to request delivery of information, reports or other performance under these provisions for purposes other than compliance with Regulation AB. Each of the Issuer, the Indenture Trustee, the Transferor and the Servicer acknowledges
that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or
otherwise, and the Servicer hereby agrees to reasonably comply with all reasonable requests made by the Issuer (including any of its assignees or designees), the Indenture Trustee or the Transferor, as the case may be, in good faith for delivery of
such information or reports, including, without limitation, any Servicer compliance statements and reports, and assessments 

  
 Appendix A-1

 
of compliance and attestation, as may be required under the then-current interpretations of Regulation AB. 
 Notwithstanding the foregoing, each of the Issuer, the Indenture Trustee, the Transferor and the Servicer hereby agree to comply with all applicable sections of Regulation AB, including, without
limitation, Item 1122 of Regulation AB, which includes the delivery by the Servicer of compliance statements and assessment and attestation reports, and the Servicer shall obtain from each party participating in the servicing function the
reports required by Item 1122 of Regulation AB. 

  
 Appendix A-2

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