Document:

Supplemental Indenture

 Exhibit 4.1 
 M.D.C. HOLDINGS, INC. AND THE GUARANTORS PARTY HERETO 
 6.000% Senior
Notes due 2043 
  
  

Supplemental Indenture 
 Dated as of January 10, 2013 
  

 
 U.S. Bank
National Association, 
 Trustee 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 ARTICLE One Scope of Supplemental Indenture; General
	  	 	2	  
		
	 ARTICLE Two Certain Definitions
	  	 	2	  
		
	 ARTICLE Three Redemption
	  	 	11	  
			
	 Section 3.01.
	 	 Right of Redemption.
	  	 	11	  
	 Section 3.02.
	 	 No Sinking Fund.
	  	 	12	  
		
	 ARTICLE Four Covenants
	  	 	12	  
			
	 Section 4.01.
	 	 Restrictions on Secured Debt.
	  	 	12	  
	 Section 4.02.
	 	 Limitations on Sale and Leaseback Transactions.
	  	 	13	  
	 Section 4.03.
	 	 SEC Reports.
	  	 	14	  
		
	 ARTICLE Five Successor Corporation
	  	 	14	  
			
	 Section 5.01.
	 	 Consolidation, Merger and Sale of Assets.
	  	 	14	  
		
	 ARTICLE Six Guarantees
	  	 	15	  
			
	 Section 6.01.
	 	 Unconditional Guarantee.
	  	 	15	  
	 Section 6.02.
	 	 Fraudulent Conveyance Limitation.
	  	 	17	  
	 Section 6.03.
	 	 Waiver.
	  	 	17	  
	 Section 6.04.
	 	 Subordinated Indebtedness.
	  	 	17	  
	 Section 6.05.
	 	 Execution of Guarantee.
	  	 	20	  
	 Section 6.06.
	 	 Additional Guarantees and Release of Guarantees.
	  	 	20	  
		
	 ARTICLE Seven Miscellaneous
	  	 	21	  
			
	 Section 7.01.
	 	 Confirmation of Indenture.
	  	 	21	  
	 Section 7.02.
	 	 Concerning the Trustee.
	  	 	21	  
	 Section 7.03.
	 	 Governing Law.
	  	 	21	  
	 Section 7.04.
	 	 Separability.
	  	 	21	  
	 Section 7.05.
	 	 Counterparts.
	  	 	22	  
	 Section 7.06.
	 	 No Adverse Interpretation of Other Agreements.
	  	 	22	  
	 Section 7.07.
	 	 No Recourse Against Others.
	  	 	22	  
	 Section 7.08.
	 	 Successors and Assigns.
	  	 	22	  
	 Section 7.09.
	 	 Duplicate Originals.
	  	 	22	  
	 Section 7.10.
	 	 Severability.
	  	 	22	  

  
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 SUPPLEMENTAL INDENTURE dated as of January 10, 2013 (“Supplemental
Indenture”), to the Senior Debt Securities Indenture dated as of December 3, 2002 (as amended, modified or supplemented from time to time in accordance therewith, the “Indenture”), by and among M.D.C. HOLDINGS, INC., a
Delaware corporation (the “Company”), the Guarantors (as defined herein) and U.S. Bank National Association, as trustee (the “Trustee”). 
 Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the holders of Notes (as defined herein): 

WHEREAS, the Company and the Trustee have executed an Indenture to provide for the issuance from time to time of senior debt securities
(the “Securities”) to be issued in one or more series as in the Indenture provided; 
 WHEREAS, the Company and
the Guarantors desire and have requested the Trustee to join them in the execution and delivery of this Supplemental Indenture in order to establish and provide for the issuance by the Company of a series of Securities designated as its 6.000%
Senior Notes due 2043, substantially in the form attached hereto as Exhibit A, guaranteed by the Guarantors, on the terms set forth herein; 
 WHEREAS, Section 2.01 of the Indenture provides that a supplemental indenture may be entered into for such purpose provided certain conditions are met; 

WHEREAS, the conditions set forth in the Indenture for the execution and delivery of this Supplemental Indenture have been complied with;
and 
 WHEREAS, all things necessary to make this Supplemental Indenture a valid agreement of the Company, the Guarantors and
the Trustee, in accordance with its terms, and a valid amendment of, and supplement to, the Indenture have been done; 

 NOW, THEREFORE: 
 In consideration of the premises and the purchase and acceptance of the Notes by the holders thereof the Company and the Guarantors mutually covenant and agree with the Trustee, for the equal and ratable
benefit of the Holders, that the Indenture is supplemented and amended, to the extent expressed herein, as follows: 
 ARTICLE
ONE 
 Scope of Supplemental Indenture; General 

The changes, modifications and supplements to the Indenture effected by this Supplemental Indenture shall be applicable only with respect
to, and govern the terms of, the Notes, which shall not be limited in aggregate principal amount, and shall not apply to any other Securities that may be issued under the Indenture unless a supplemental indenture with respect to such other
Securities specifically incorporates such changes, modifications and supplements. Pursuant to this Supplemental Indenture, there is hereby created and designated a series of Securities under the Indenture entitled “6.000% Senior Notes due
2043.” The Notes shall be in the form of Exhibit A hereto. The Notes shall be guaranteed by the Guarantors as provided in such form and this Supplemental Indenture. If required, the Notes may bear an appropriate legend regarding
original issue discount for federal income tax purposes and any other legend required by applicable law or the rules of any exchange on which the Notes may be listed. 
 ARTICLE TWO 
 Certain Definitions 

The following terms have the meanings set forth below in this Supplemental Indenture. Capitalized terms used but not defined herein have
the meanings ascribed to such terms in the Indenture. To the extent terms defined herein differ from the Indenture the terms defined herein will govern. 
 “Attributable Debt” means, in respect of a Sale and Leaseback Transaction, the present value (discounted at the weighted average effective interest cost per annum of the outstanding debt
securities of all series, compounded semi-annually) of the obligation of the lessee for rental payments during the remaining term of the lease included in such transaction, including any period for which such lease has been extended or may, at the
option of the lessor, be extended or, if earlier, until the earliest date on which the lessee may terminate such lease upon payment of a penalty (in which case the obligation of the lessee for rental payments shall include such penalty), after
excluding all amounts required to be paid on account of maintenance and repairs, insurance, taxes, assessments, water and utility rates and similar charges. 
 “Business Day” means any day other than a Legal Holiday. 

“Capital Stock” means any and all shares, interests, participations or other equivalents (however designated) of or in a
Person’s capital stock or other equity interests,   

  
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and options, rights or warrants to purchase such capital stock or other equity interests, whether now outstanding or issued after the Issue Date, including, without limitation, all Preferred
Stock of such Person if such Person is a corporation or membership interests if such Person is a limited liability company and each general and limited partnership interest of such Person if such Person is a partnership. 

“Capitalized Lease Obligations” of any Person means the obligations of such Person to pay rent or other amounts under a
lease that is required to be capitalized for financial reporting purposes in accordance with GAAP, and the amount of such obligations will be the capitalized amount thereof determined in accordance with GAAP. 

“cash” means U.S. Legal Tender. 
 “Change of Control” means the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any “person” (as that term
is used in Section 13(d)(3) of the Exchange Act) becomes the beneficial owner, directly or indirectly, of more than 50% of the Company’s Voting Stock, measured by voting power rather than number of shares. Notwithstanding the foregoing, a
transaction will not be deemed to involve a Change of Control if (1) the Company becomes a wholly owned subsidiary of a holding company and (2) the holders of the Voting Stock of such holding company immediately following that transaction
are substantially the same as the holders of the Company’s Voting Stock immediately prior to that transaction. 

“Comparable Treasury Issue” means the United States Treasury security selected by the Reference Treasury Dealer as
having a maturity comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable
maturity to the remaining term of such Notes. 
 “Comparable Treasury Price” means, with respect to any
Redemption Date, (a) the average of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) on the third Business Day preceding such Redemption Date, as set forth in the daily
statistical release (or any successor release) published by the Federal Reserve Bank of New York and designated “Composite 3:30 p.m. Quotations for U.S. Government Securities” or (b) if such release (or any successor release) is not
published or does not contain such price on such Business Day, (i) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or
(ii) if the Trustee obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations. 

“Consolidated Net Tangible Assets” means the total amount of assets which would be included on a combined balance sheet
of the Company and the Guarantors under GAAP (less applicable reserves and other properly deductible items) after deducting therefrom: 
 (1) all short-term liabilities, except for (x) liabilities payable by their terms more than one year from the date of determination (or renewable or extendible at the option of the obligor for a
period ending more than one year after such date) and (y) liabilities in respect of retiree benefits other than pensions for which the Restricted Subsidiaries are required to accrue pursuant to Statement of Financial Accounting Standards
No. 106; 

  
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 (2) investments in subsidiaries that are not Restricted Subsidiaries; and

 (3) all goodwill, trade names, trademarks, patents, unamortized debt discount, unamortized expense incurred in
the issuance of debt and other intangible assets. 
 “Consolidated Net Worth” of any Person means the
consolidated stockholders’ equity of the Person determined in accordance with GAAP. 
 “Custodian” means
any receiver, trustee, assignee, liquidator, custodian, sequestrator or similar official under any Bankruptcy Law. 

“Event of Default” means any one of the following events: 

(a) default in the payment of interest on the Notes as and when the same becomes due and payable and the continuance of
any such failure for 30 days; 
 (b) default in the payment of all or any part of the principal or premium, if
any, on the Notes when and as the same become due and payable at maturity, at redemption, by declaration of acceleration or otherwise; 
 (c) default in the observance or performance of, or breach of, any covenant, agreement or warranty of the Company contained in the Notes, the Indenture or this Supplemental Indenture (unless specifically
dealt with elsewhere), and continuance of such default or breach for a period of 60 days after there has been given, by registered or certified mail, to the Company by the Trustee, or to the Company and the Trustee by Holders of at least 25% in
aggregate principal amount of the outstanding Notes, a written notice specifying such default or breach, requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; 

(d) a decree, judgment, or order by a court of competent jurisdiction shall have been entered adjudging the Company or any
of its Significant Subsidiaries as bankrupt or insolvent, or approving as properly filed a petition in an involuntary case or proceeding 

  
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seeking reorganization of the Company or any of its Significant Subsidiaries under any bankruptcy or similar law, or a decree, judgment or order of a court of competent jurisdiction directing the
appointment of a receiver, liquidator, trustee, or assignee in bankruptcy or insolvency of the Company, any of its Significant Subsidiaries, or of the assets or property of any such Person, or the winding up or liquidation of the affairs of any such
Person, shall have been entered, and the continuance of any such decree, judgment or order unstayed and in effect for a period of 90 consecutive days; 
 (e) the Company or any of its Significant Subsidiaries shall institute proceedings to be adjudicated a voluntary bankrupt (including conversion of an involuntary proceeding into a voluntary proceeding),
or shall consent to the filing of a bankruptcy proceeding against it, or shall file a petition or answer or consent to the filing of any such petition, or shall consent to the appointment of a Custodian, receiver, liquidator, trustee, or assignee in
bankruptcy or insolvency of it or any of its assets or property, or shall make a general assignment for the benefit of creditors, or shall admit in writing its inability to pay its debts generally as they become due, or shall, within the meaning of
any Bankruptcy Law, become insolvent, or fail generally to pay its debts as they become due; 
 (f) (i) the
acceleration of any Indebtedness (other than Non-Recourse Indebtedness) of the Company or any of its Significant Subsidiaries (in accordance with the terms of such Indebtedness and after giving effect to any applicable grace period set forth in the
documents governing such Indebtedness) that has an outstanding principal amount of $25,000,000 or more individually or $40,000,000 or more in the aggregate to be immediately due and payable; provided that, in the event any such acceleration
is withdrawn or otherwise rescinded (including satisfaction of such Indebtedness) within a period of ten business days after such acceleration by the holders of such Indebtedness, any Event of Default under this clause (f) will be deemed to be
cured and any acceleration hereunder will be deemed withdrawn or rescinded; or (ii) the failure by the Company or any of its Significant Subsidiaries to make any principal, premium, interest or other required payment in respect of Indebtedness
(other than Non-Recourse Indebtedness) of the Company or any of its Significant Subsidiaries with an outstanding aggregate principal amount of $25,000,000 or more individually or $40,000,000 or more in the aggregate (after giving effect to any
applicable grace period set forth in the documents governing such Indebtedness); 
 (g) one or more final
nonappealable judgments (in the amount not covered by insurance or not reserved for) or the issuance of any warrant of attachment against any portion of the property or assets (except with respect to Non-Recourse Indebtedness) of the Company or any
of its Restricted Subsidiaries, which are $25,000,000 or more individually or $40,000,000 or more in the aggregate, at any one time rendered against 

  
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the Company or any of its Restricted Subsidiaries by a court of competent jurisdiction and not bonded, satisfied or discharged for a period (during which execution shall not be effectively
stayed) of (i) 60 days after the judgment becomes final and such court shall not have ordered or approved, and the parties shall not have agreed upon, the payment of such judgment at a later date or dates or (ii) 60 days after all or any
part of such judgment is payable pursuant to any court order or agreement between the parties; or 
 (h) the
Guarantee of any Guarantor shall fail to remain in full force and effect except in accordance with this Indenture or any action shall be taken by any Guarantor to discontinue or to assert the invalidity or unenforceability of its Guarantee, or any
Guarantor shall fail to comply with any of the terms or provisions of its Guarantee, or any Guarantor denies that it has any further liability under its Guarantee or gives notice to such effect. 

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

“Finance Subsidiary” means any Subsidiary of the Company substantially all of whose operations consist of (a) the
mortgage financing business or (b) the insurance business. 
 “Fitch” means Fitch Ratings. 

“Funded Indebtedness” means notes, bonds, debentures or other similar evidences of Indebtedness for money borrowed which
by their terms mature at or are extendible or renewable at the option of the obligor to a date more than 12 months after the date of the creation of such debt. 
 “Guarantee” has the meaning set forth in Section 6.01 hereof. 
 “Guaranteed Indebtedness” has the meaning set forth in Section 6.06 hereof. 
 “Guaranteed Obligations” has the meaning set forth in Section 6.01 hereof. 
 “Guarantors” means (i) initially, each of: 
 M.D.C. Land
Corporation, a Colorado corporation; 
 RAH of Florida, Inc., a Colorado corporation; 

Richmond American Construction, Inc., a Delaware corporation; 
 Richmond American Homes of Arizona, Inc., a Delaware corporation; 
 Richmond
American Homes of Colorado, Inc., a Delaware corporation; 
 Richmond American Homes of Delaware, Inc., a Colorado corporation;

 Richmond American Homes of Florida, LP, a Colorado limited partnership; 

Richmond American Homes of Illinois, Inc., a Colorado corporation; 

  
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 Richmond American Homes of Maryland, Inc., a Maryland corporation; 

Richmond American Homes of Nevada, Inc., a Colorado corporation; 
 Richmond American Homes of New Jersey, Inc., a Colorado corporation; 
 Richmond
American Homes of Pennsylvania, Inc., a Colorado corporation; 
 Richmond American Homes of Utah, Inc., a Colorado corporation;

 Richmond American Homes of Virginia, Inc., a Virginia corporation; and 

Richmond American Homes of Washington, Inc., a Colorado corporation; 
 and (ii) any other Subsidiary of the Company that executes and delivers a guarantee of the Notes pursuant to the provisions of the Indenture. 

“Indebtedness” means (a) any liability of any Person (i) for borrowed money, or (ii) evidenced by a bond,
note, debenture or similar instrument (including a purchase money obligation) given in connection with the acquisition of any businesses, properties or assets of any kind (other than a trade payable or a current liability arising in the ordinary
course of business), or (iii) for the payment of money relating to a Capitalized Lease Obligation or (iv) for all Redeemable Capital Stock valued at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid
dividends; (b) any liability of others described in the preceding clause (a) that such Person has guaranteed or that is otherwise its legal liability; (c) all Indebtedness referred to in (but not excluded from) clauses (a) and
(b) above of other Persons and all dividends of other Persons, the payment of which is secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Security Interest upon or in
property (including, without limitation, accounts and contract rights) owned by such Person, even though such Person has not assumed or become liable for the payment of such Indebtedness; and (d) any amendment, supplement, modification,
deferral, renewal, extension or refunding of any liability of the types referred to in clauses (a), (b) and (c) above. 
 “Interest Payment Date” means the stated due date of an installment of interest on the Notes. 
 “Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under any successor rating categories of Moody’s); a rating of BBB- or better by Fitch (or its
equivalent under any successor rating categories of Fitch); a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P); and the equivalent investment grade credit rating from any additional Rating
Agency or Rating Agencies selected by us. 
 “Issue Date” means January 10, 2013, the date of original
issuance of the Notes. 

  
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 “Legal Holiday” means a Saturday, a Sunday, a legal holiday or a day on
which banking institutions in Denver, Colorado and New York, New York are not required to be open. 

“Moody’s” means Moody’s Investors Service, Inc. 

“Non-Recourse Indebtedness” means Indebtedness or other obligations secured by a lien on property to the extent that the
liability for the Indebtedness or other obligations is limited to the security of the property without liability on the part of the Company or any Restricted Subsidiary (other than the Restricted Subsidiary which holds title to the property) for any
deficiency. 
 “Notes” means the 6.000% Senior Notes due 2043 created under Article One hereof. 

“Paying Agent” means an office or agency where Notes may be presented for payment. 

“Person” means any individual, corporation, partnership, limited liability company, joint venture, incorporated or
unincorporated association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 
 “Preferential Payment” has the meaning set forth in Section 6.01. 
 “Preferred Stock” of any Person means all Capital Stock of such Person which has a preference in liquidation or with respect to the payment of dividends. 

“Primary Treasury Dealer” means a primary U.S. Government securities dealer in New York City. 

“Rating Agency” means (1) each of Moody’s, Fitch and S&P; and (2) if any of Moody’s, Fitch or
S&P ceases to rate the Notes or fails to make a rating of the Notes publicly available (for reasons outside of our control), a “nationally recognized statistical rating organization” registered under Section 15E of the Exchange
Act, selected by us (as certified by a resolution of our board of directors) as a replacement agency for Moody’s, Fitch or S&P, or all three, as the case may be. 
 “Record Date” means a Record Date specified in the Notes whether or not such Record Date is a Business Day. 
 “Redeemable Capital Stock” means any Capital Stock of the Company or any of its Subsidiaries that, either by its terms, by the terms of any security into which it is convertible or
exchangeable or otherwise, (a) is or upon the happening of an event or passage of 

  
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time would be required to be redeemed on or prior to the final stated maturity of the securities or (b) is redeemable at the option of the holder thereof at any time prior to such final
stated maturity or (c) is convertible into or exchangeable for debt securities at any time on or prior to such final stated maturity. 
 “Redemption Date,” when used with respect to any Note to be redeemed, means the date fixed for such redemption pursuant to this Indenture and Paragraph 5 of the Notes. 

“Redemption Price,” when used with respect to any Note to be redeemed, means the price for such redemption pursuant to
Paragraph 5 of the Notes, which shall include, without duplication, in each case, accrued and unpaid interest to the Redemption Date. 
 “Reference Treasury Dealer” means (a) Citigroup Global Markets Inc. (or its affiliates which are Primary Treasury Dealers), and its successors; provided, however, that
if any of the foregoing shall cease to be a Primary Treasury Dealer, the Company will substitute therefor another Primary Treasury Dealer, and (b) any other Primary Treasury Dealer(s) selected by the Company. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date,
the average, as determined by the Trustee, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Trustee by such Reference Treasury Dealer at 5:00 p.m.
on the third Business Day preceding such Redemption Date. 
 “Registrar” means the office or agency where Notes
may be presented for registration of transfer or for exchange. 
 “Remaining Scheduled Payments” means, with
respect to any Note, the remaining scheduled payments of the principal thereof to be redeemed and interest thereon that would be due after the related Redemption Date but for such redemption; provided, however, that if such Redemption
Date is not an Interest Payment Date with respect to such Note, the amount of the next succeeding scheduled interest payment thereon will be reduced by the amount of interest accrued thereon to such Redemption Date. 

“Restricted Subsidiary” means any Guarantor and any successor to such Guarantor. 

“Sale and Leaseback Transaction” means a sale or transfer made by the Company or a Restricted Subsidiary (except a sale
or transfer made to the Company or a Restricted Subsidiary) of any property which is either (a) a manufacturing facility, office building or warehouse whose book value equals or exceeds 1% of Consolidated Net Tangible Assets as of

  
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the date of determination or (b) another property (not including a model home) which exceeds 5% of Consolidated Net Tangible Assets as of the date of determination, if such sale or transfer
is made with the agreement, commitment or intention of leasing such property to the Company or a Restricted Subsidiary for more than a three-year term. 
 “Secured Debt” means any Indebtedness, except Indebtedness of the Finance Subsidiaries, which is secured by (i) a Security Interest in any of the property of the Company or any
Restricted Subsidiary or (ii) a Security Interest in shares of stock owned directly or indirectly by the Company or a Restricted Subsidiary in a corporation or in equity interests owned by the Company or a Restricted Subsidiary in a partnership
or other entity not organized as a corporation or in the Company’s rights or the rights of a Restricted Subsidiary in respect of Indebtedness of a corporation, partnership or other entity in which the Company or a Restricted Subsidiary has an
equity interest. The securing in the foregoing manner of any such Indebtedness which immediately prior thereto was not Secured Debt shall be deemed to be the creation of Secured Debt at the time security is given. 

“Security Interests” means any mortgage, pledge, lien, encumbrance or other security interest which secures the payment
or performance of an obligation. 
 “Significant Subsidiary” means any Subsidiary (a) whose revenues
exceed 10% of our total consolidated revenues, in each case for the most recent fiscal year, or (b) whose net worth exceeds 10% of our total stockholders’ equity, in each case as of the end of the most recent fiscal year. 

“S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc.

 “Specified Indebtedness” means Indebtedness under (i) the Notes and (ii) the Indenture, and any
refinancing, extension, renewal or replacement of any of the foregoing. 
 “Stated Maturity” when used with
respect to any Note, means January 15, 2043. 
 “Subordinated Indebtedness” has the meaning set forth in
Section 6.04. 
 “Subsidiary” means any Person of which at the time of determination by the Company,
directly and/or indirectly through one or more Subsidiaries, the Company owns more than 50% of its Voting Stock. 

“Supplemental Indenture” has the meaning set forth in Article One hereof. 

“TIA” means the Trust Indenture Act of 1939, as in effect from time to time. 

  
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 “Treasury Rate” means, with respect to any Redemption Date, the rate per
annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such
Redemption Date. 
 “Trustee” means the party named as such in this Indenture until a successor replaces it
pursuant to this Indenture and thereafter means the successor serving hereunder. 
 “U.S. Legal Tender” means
such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts. 
 “Voting Stock” means, with respect to any Person, the Capital Stock of such Person that is generally entitled to vote in the election of the members of the board of directors (or
functional equivalent) of such Person. 
 ARTICLE THREE 

Redemption 
  

	Section 3.01.	Right of Redemption. 

Redemption of Notes, as permitted by any provision of this Indenture, shall be made in accordance with such provision and Article Three of
the Indenture. 
 The Notes may be redeemed at the election of the Company, in whole at any time or in part from time to time,
as set forth below on at least 30 but not more than 60 days’ prior notice. 
 If the Notes are redeemed prior to
October 15, 2042, the Redemption Price for the Notes to be redeemed will equal the greater of: (i) 100% of their principal amount, and (ii) the present value of the Remaining Scheduled Payments on the Notes being redeemed on the
Redemption Date, discounted to the Redemption Date, on a semi-annual basis, at the Treasury Rate plus 45 basis points (0.45%), plus, in each case, accrued and unpaid interest, if any, on the Notes to the Redemption Date. 

If the Notes are redeemed on or after October 15, 2042, the Redemption Price for the Notes to be redeemed will equal 100% of the
principal amount of such Notes, plus accrued and unpaid interest, if any, on the Notes to the Redemption Date. 
 In determining
the Redemption Price and accrued interest, interest shall be calculated on the basis of a 360-day year consisting of twelve 30-day months. 

  
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 If money sufficient to pay the redemption price of and accrued interest on the Notes to be
redeemed is deposited with the Trustee on or before the Redemption Date, on and after the Redemption Date interest will cease to accrue on the Notes (or such portions thereof) called for redemption and the Notes will cease to be outstanding.

 On and after the Redemption Date, interest will cease to accrue on the Notes or any portion of the Notes called for
redemption (unless the Company defaults in the payment of the Redemption Price and accrued interest). On or before the Redemption Date, the Company will deposit with a paying agent (or the Trustee) money sufficient to pay the Redemption Price of and
accrued interest on the Notes to be redeemed on that date. If less than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected by lot by DTC, in the case of Notes represented by a global security. 

 

	Section 3.02.	No Sinking Fund. 

 The
Notes are not entitled to the benefit of any sinking fund. 
 ARTICLE FOUR 

Covenants 

The following additional covenants will apply with respect to the Notes: 

 

	Section 4.01.	Restrictions on Secured Debt. 

 The Company will not, and will not cause or permit a Restricted Subsidiary (other than any Finance Subsidiary) to, create, incur, assume or guarantee any Secured Debt unless the Notes will be secured
equally and ratably with (or prior to) such Secured Debt, with certain exceptions. This restriction does not prohibit the creation, incurrence, assumption or guarantee of Secured Debt which is secured by: 

(1) Security Interests in model homes, homes held for sale, homes that are under contract for sale, contracts for the sale
of homes, land (improved or unimproved), manufacturing plants, warehouses or office buildings and fixtures and equipment located thereat or thereon; 
 (2) Security Interests in property at the time of its acquisition by the Company or a Restricted Subsidiary, including Capitalized Lease Obligations, which Security Interests secure obligations assumed by
the Company or a Restricted Subsidiary, or in the property of a corporation or other entity at the time it is merged into or consolidated with the Company or a Restricted Subsidiary (other than Secured Debt created in contemplation of the
acquisition of such property or the consummation of such a merger or where the Security Interest attaches to or affects the property of the Company or a Restricted Subsidiary prior to such transaction); 

  
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 (3) Security Interests arising from conditional sales agreements or title
retention agreements with respect to property acquired by the Company or a Restricted Subsidiary; 
 (4) Security
Interests incurred in connection with pollution control, industrial revenue, water, sewage or any similar item; and 
 (5) Security Interests securing Indebtedness of a Restricted Subsidiary owing to the Company or a Restricted Subsidiary that is wholly owned (directly or indirectly) by the Company or Security Interests
securing the Company’s Indebtedness owing to a Guarantor. 
 Such permitted Secured Debt also includes any amendment,
restatement, supplement, renewal, replacement, extension or refunding, in whole or in part, of Secured Debt permitted at the time of the original incurrence thereof. 
 In addition, the Company and the Guarantors may create, incur, assume or guarantee Secured Debt, without equally and ratably securing the Notes, if immediately thereafter the sum of (1) the aggregate
principal amount of all Secured Debt outstanding (excluding Secured Debt permitted under clauses (1) through (5) above and any Secured Debt in relation to which the Notes have been equally and ratably secured) and (2) all Attributable
Debt in respect of Sale and Leaseback Transactions (excluding Attributable Debt in respect of Sale and Leaseback Transactions as to which the provisions of clauses (1) through (3) under Section 4.02 have been complied with) as of the
date of determination would not exceed 20% of Consolidated Net Tangible Assets. 
 The provisions described above with respect
to limitations on Secured Debt are not applicable to Non-Recourse Indebtedness by virtue of the definition of Secured Debt, and will not restrict the Company’s or the Guarantors’ ability to create, incur, assume or guarantee any unsecured
Indebtedness, or of any Subsidiary which is not a Restricted Subsidiary to create, incur, assume or guarantee any secured or unsecured Indebtedness. 
  

	Section 4.02.	Limitations on Sale and Leaseback Transactions. 

 The Company will not, and will not cause or permit any Restricted Subsidiary to, enter into any Sale and Leaseback Transaction unless (1) the net proceeds to the Company or such Restricted Subsidiary
from such sale or transfer equal or exceed the fair value (as determined by the Board of Directors, chairman of the board, vice chairman, president or principal financial officer of the Company) of the property or asset so leased, (2) the
Company or 

  
 -13-

 
such Restricted Subsidiary would be entitled to incur Secured Debt pursuant to Section 4.01, (3) the Company or any Restricted Subsidiary shall, and in any case the Company and the
Restricted Subsidiaries, covenant that they will, within 180 days of the effective date of any Sale and Leaseback Transaction, apply an amount equal to the fair value of the property so leased to the retirement of Funded Indebtedness, (4) the
Sale and Leaseback Transaction relates to a sale which occurred within 180 days from the date of acquisition of such property or asset by the Company or a Restricted Subsidiary or the date of the completion of construction or commencement of full
operations on such property, whichever is later, or (5) the Sale and Leaseback Transaction was consummated prior to the date of this Supplemental Indenture. 
  

	Section 4.03.	SEC Reports. 

 The Company
shall deliver to the Trustee and each Holder, within 15 days after it files the same with the SEC, copies of all reports and information (or copies of such portions of any of the foregoing as the SEC may by rules and regulations prescribe), if any,
exclusive of exhibits, which the Company is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act or pursuant to the immediately following sentence. So long as any Notes remain outstanding, the Company shall file
with the Commission such reports as may be required pursuant to Section 13 of the Exchange Act in respect of a security registered pursuant to Section 12 of the Exchange Act. If the Company is not subject to the requirements of
Section 13 or 15(d) of the Exchange Act (or otherwise required to file reports pursuant to the immediately preceding sentence), the Company shall deliver to the Trustee and to each Holder, within 15 days after it would have been required
to file such information with the SEC were it required to do so, financial statements, including any notes thereto (and, in the case of a fiscal year end, an auditors’ report by an independent certified public accounting firm of established
national reputation), and a “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” substantially equivalent to that which it would have been required to include in such quarterly or annual reports,
information, documents or other reports if it had been subject to the requirements of Section 13 or 15(d) of the Exchange Act. The Company shall also comply with the other provisions of TIA Section 314(a). 

The Trustee has no duty to review the financial reports and other information for the purpose of determining compliance with any
provision of this Indenture. 
 ARTICLE FIVE 
 Successor Corporation 
 Article Five of the Indenture is replaced with the
following in its entirety: 
  

	Section 5.01.	Consolidation, Merger and Sale of Assets. 

 Neither the Company nor the Guarantors will consolidate or merge into or sell, assign, transfer or lease all or substantially all of their assets to another person unless: 

(1) the person is a corporation organized under the laws of the United States of America or any state thereof; 

  
 -14-

 (2) the person assumes by supplemental indenture, in a form reasonably
satisfactory to the Trustee, all of the obligations of the Company or such Guarantor, as the case may be, relating to the Notes, the Guarantees and the Indenture, as the case may be; and 

(3) immediately after the transaction no Event of Default exists; provided that this clause (3) will not restrict or
be applicable to a merger, consolidation or liquidation of a Guarantor with or into the Company or another Subsidiary that is wholly owned, directly or indirectly, by the Company that is, or concurrently with the completion of such merger,
consolidation or liquidation becomes, a Guarantor or a Restricted Subsidiary that is wholly owned, directly or indirectly, by the Company. 
 Upon any such consolidation, merger, sale, assignment or transfer, the successor corporation will be substituted for the Company or such Guarantor (including any merger or consolidation described in the
proviso at the end of the immediately preceding sentence), as applicable, under the Indenture. The successor corporation may then exercise every power and right of the Company or such Guarantor under the Indenture, and the Company or such Guarantor,
as applicable, will be released from all of its respective liabilities and obligations in respect of the Notes and the Indenture. If the Company or any Guarantor leases all or substantially all of its assets, the lessee corporation will be the
successor to the Company or such Guarantor and may exercise every power and right of the Company or such Guarantor, as the case may be, under the Indenture, but the Company or such Guarantor, as the case may be, will not be released from its
respective obligations to pay the principal of and premium, if any, and interest, if any, on the Notes. 
 ARTICLE SIX

 Guarantees 
  

	Section 6.01.	Unconditional Guarantee. 

Each Guarantor hereby fully and unconditionally, jointly and severally, guarantees (each such guarantee to be referred to herein as the
“Guarantee”) to the Holders of the Notes and to the Trustee and its successors and assigns that: (i) the principal of and interest on the Notes will be promptly paid in full when due, subject to any applicable grace period,

  
 -15-

 
whether at maturity, by acceleration or otherwise and interest on the overdue principal, if any, and interest on any interest of the Notes and all other obligations of the Company to the Holders
or the Trustee hereunder or thereunder will be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and (ii) in case of any extension of time of payment or renewal of any Notes or of any such other
obligations, the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, subject to any applicable grace period, whether at stated maturity, by acceleration or otherwise (collectively, the
“Guaranteed Obligations”), subject, however, in the case of clauses (i) and (ii) above, to the limitations set forth in Section 6.02. Each Guarantor hereby agrees that its obligations hereunder shall be unconditional,
irrespective of the validity, regularity or enforceability of the Notes or the Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of Notes with respect to any provisions hereof or thereof, the recovery of
any judgment against the Company, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. 

The obligations of each Guarantor hereunder are separate and independent of the obligations of the Company and of any other Guarantor,
and a separate action or actions may be brought and prosecuted against a Guarantor whether action is brought against the Company or any other Guarantor or whether the Company or any other Guarantor is joined in any action or actions. The obligations
of each Guarantor hereunder shall survive and continue in full force and effect until the earlier of (i) such time as such Guarantor may be released from its obligations hereunder pursuant to the terms Section 6.06 hereof, or
(ii) payment in full of the Guaranteed Obligations is actually received by the Holders or the Trustee on behalf of the Holders and the period of time has expired during which any payment made by the Company or such Guarantor may be determined
to be a Preferential Payment (defined below), notwithstanding any release or termination of the Company’s or any other Guarantor’s liability by express or implied agreement or by operation of law and notwithstanding that the Guaranteed
Obligations or any part thereof are deemed to have been paid or discharged by operation of law or by some act or agreement. For purposes of this Guarantee, the Guaranteed Obligations shall be deemed to be paid only to the extent that the Holders, or
the Trustee on behalf of the Holders, actually receive immediately available funds. 
 Each Guarantor agrees that to the extent
the Company or any other Guarantor makes any payment to the Holders, or to the Trustee on behalf of the Holders, in connection with the Guaranteed Obligations, and all or any part of such payment is subsequently invalidated, declared to be
fraudulent or preferential, set aside or required to be repaid by the Holders or the Trustee or paid over to a trustee, receiver or any other entity, whether under any bankruptcy act or otherwise (any such payment is hereinafter referred to as a
“Preferential Payment”), then this Guarantee shall continue to be effective or shall be reinstated, as the case may be, and, to the extent of such payment or repayment by the Holders or the Trustee, the

  
 -16-

 
Guaranteed Obligations or part thereof intended to be satisfied by such Preferential Payment shall be revived and continued in full force and effect as if said Preferential Payment had not been
made. 
  

	Section 6.02.	Fraudulent Conveyance Limitation. 

 Notwithstanding any contrary provision, the amount of the Guaranteed Obligations guaranteed by each Guarantor under this Guarantee shall be, but not in excess of, the maximum amount permitted by
fraudulent conveyance, fraudulent transfer or similar laws applicable to such Guarantor. Accordingly, notwithstanding anything to the contrary contained in this Guarantee or any other agreement or instrument executed in connection with the payment
of the Guaranteed Obligations, the amount of the Guaranteed Obligations guaranteed by any Guarantor by this Guarantee shall be limited to an aggregate amount equal to the largest amount that would not render such Guarantor’s obligations
hereunder subject to avoidance under any Bankruptcy Law. 
  

	Section 6.03.	Waiver. 

 Each Guarantor
waives and agrees not to assert: (a) any right to require the Holders or the Trustee to proceed against the Company or any other Guarantor, to proceed against or exhaust any security for the Guaranteed Obligations, to pursue any other remedy
available to the Holders or the Trustee or to pursue any remedy in any particular order or manner; (b) the benefit of any statute of limitations affecting Guarantor’s liability hereunder or the enforcement hereof; (c) demand,
diligence, presentment for payment, protest and demand, and notice of extension, dishonor, protest, demand, nonpayment and acceptance of this Guarantee; (d) notice of the existence, creation or incurring of new or additional indebtedness of the
Company to the Holders; and (e) any defense arising by reason of any disability or other defense of the Company or by reason of the cessation from any cause whatsoever (other than payment in full of all amounts demanded to be paid by such
Guarantor under this Guarantee) of the liability of the Company for the Guaranteed Obligations. Each Guarantor hereby expressly consents to any impairment of collateral, including, but not limited to, failure to perfect a security interest and
release collateral and any such impairment or release shall not affect Guarantors’ obligations hereunder. Until payment in full of the Guaranteed Obligations, no Guarantor shall have a right of subrogation and hereby waives any right to enforce
any remedy which the Holders or the Trustee now have, or may hereafter have, against the Company, and waives any benefit of, any right to participate in, any security now or hereafter held on behalf of the Holders. 

 

	Section 6.04.	Subordinated Indebtedness. 

If from time to time the Company shall have liabilities or obligations to the Guarantors, whether absolute or contingent, joint, several,
or joint and several, such liabilities 

  
 -17-

 
and obligations (the “Subordinated Indebtedness”) and any and all assignments as security, grants in trust, liens, mortgages, security interests, other encumbrances, and other
interests and rights securing such liabilities and obligations shall at all times be fully subordinate to payment and performance in full of the Guaranteed Obligations. Each Guarantor agrees that such liabilities and obligations of the Company to
such Guarantor shall not be secured by any assignment as security, grant in trust, lien, mortgage, security interest, other encumbrance or other interest or right in any property, interests in property, or rights to property of the Company. Each
Guarantor agrees that (i) so long as no Event of Default has occurred and is continuing, payments of principal and interest on the Subordinated Indebtedness may be made by the Company and accepted by Guarantor as such payments become due; and
(ii) after the occurrence and during the continuation of an Event of Default, the Company shall not make and Guarantor shall not accept any payments with respect to the Subordinated Indebtedness. If, notwithstanding the foregoing, subsequent to
an Event of Default, any Guarantor receives any payment from the Company, such payment shall be held in trust by such Guarantor for the benefit of the Holders, and shall be segregated from the other funds of such Guarantor, and shall forthwith be
paid by Guarantor to the Holders or to the Trustee on behalf of the Holders and applied to payment of the Guaranteed Obligations whether or not then due. 
 In the event of any distribution, division, or application, partial or complete, voluntary or involuntary, by operation of law or otherwise, of all or any part of the assets of the Company, or the
proceeds thereof, to creditors of the Company, by reason of the liquidation, dissolution, or other winding up of the Company’s business, or in the event of any receivership, insolvency or bankruptcy proceedings by or against the Company, or
assignment for the benefit of creditors, or of any proceedings by or against the Company for any relief under any bankruptcy or insolvency laws, or relating to the relief of debtors, readjustment of indebtedness, reorganizations, arrangements,
compositions or extensions, or of any other event whereby it becomes necessary or desirable to file or present claims against the Company for the purpose of receiving payment thereof, or on account thereof, then and in any such event, any payment or
distribution of any kind or character, either in cash or other property, which shall be made or shall be payable with respect to any Subordinated Indebtedness shall be paid over to the Holders or to the Trustee on behalf of the Holders for
application to the payment of the Guaranteed Obligations, whether due or not due, and no payments shall be made upon or in respect of the Subordinated Indebtedness unless and until the Guaranteed Obligations shall have been paid and satisfied in
full. In any such event, all claims of the Holders and all claims of the Guarantors shall, at the option of the Trustee, forthwith become due and payable without demand or notice. 

In the event of any distribution, division, or application, partial or complete, voluntary or involuntary, by operation of law or
otherwise, of all or any part of the assets of the Company, or the proceeds thereof, to creditors of the Company, by reason of the liquidation, dissolution, or other winding up of the Company’s business, or in the event of any receivership,

  
 -18-

 
insolvency or bankruptcy proceedings by or against the Company, or assignment for the benefit of creditors, or of any proceedings by or against the Company for any relief under any bankruptcy or
insolvency laws, or relating to the relief of debtors, readjustment of indebtedness, reorganizations, arrangements, compositions or extensions, or of any other event whereby it becomes necessary or desirable to file or present claims against the
Company for the purpose of receiving payment thereof, or on account thereof, each Guarantor irrevocably authorizes and empowers the Trustee, or any person the Trustee may designate, to act as attorney for Guarantor with full power and authority in
the name of Guarantor, or otherwise, to make and present such claims or proofs of claims against the Company on account of the Subordinated Indebtedness as the Trustee, or its appointee, may deem expedient and proper and, if necessary, to vote such
claims in any proceedings and to receive and collect for the benefit of the Holders any and all dividends or other payments and disbursements made thereon in whatever form they may be paid or issued, and to give acquittance therefor and to apply
same to the Guaranteed Obligations, and each Guarantor hereby agrees, from time to time and upon request, to make, execute and deliver to the Trustee such powers of attorney, assignments, endorsements, proofs of claim, pleadings, verifications,
affidavits, consents, agreements or other instruments as may be requested by the Trustee in order to enable the Trustee and the Holders to enforce any and all claims upon, or with respect to, the Subordinated Indebtedness, and to collect and receive
any and all payments or distributions which may be payable or deliverable at any time upon or with respect to the Subordinated Indebtedness. 
 Except as otherwise permitted herein, should any payment or distribution or security or proceeds thereof be received by a Guarantor upon or with respect to the Subordinated Indebtedness prior to the
satisfaction of the Guaranteed Obligations, such Guarantor will forthwith deliver the same to the Trustee on behalf of the Holders in precisely the form as received except for the endorsement or assignment of such Guarantor where necessary for
application on the Guaranteed Obligations, whether due or not due, and until so delivered the same shall be held in trust by such Guarantor as property of the Trustee on behalf of the Holders. In the event of the failure of Guarantor to make any
such endorsement or assignment, the Trustee, or any of its officers or employees, on behalf of the Trustee, is hereby irrevocably authorized to make the same. 
 Each Guarantor agrees to maintain in its records notations satisfactory to the Trustee of the rights and priorities of the Holders hereunder, and from time to time, upon request, to furnish the Trustee
for the benefit of the Holders with sworn financial statements. The Trustee may inspect the books of account and any records of each Guarantor at any time during business hours. Each Guarantor agrees that any promissory note now or hereafter
evidencing the Subordinated Indebtedness shall be nonnegotiable and shall be marked with a specific statement that the indebtedness thereby evidenced is subject to the provisions of this Guarantee. 

  
 -19-

	Section 6.05.	Execution of Guarantee. 

Each Guarantor hereby agrees to execute a notation of Guarantee in substantially the form attached to the form of Note, and to deliver
such notation to the Trustee. 
  

	Section 6.06.	Additional Guarantees and Release of Guarantees. 

 (a) The Company shall not permit any of its Subsidiaries that are not Guarantors, directly or indirectly, to guarantee any Specified Indebtedness (“Guaranteed Indebtedness”) unless such
Subsidiary simultaneously executes and delivers to the Trustee a supplemental indenture, in a form reasonably satisfactory to the Trustee, pursuant to which such Subsidiary guarantees, jointly and severally with all other Guarantors, on the same
basis as such Guaranteed Indebtedness is guaranteed, the Guaranteed Obligations. The Company shall deliver to the Trustee an opinion of counsel that such supplemental indenture has been duly authorized, executed and delivered by such Subsidiary and,
subject to customary exceptions, constitutes a valid and legally binding and enforceable obligation of such Subsidiary. If the Guaranteed Indebtedness (1) ranks pari passu in right of payment with the Notes, then the guarantee of such
Guaranteed Indebtedness shall rank pari passu with, or be subordinated in right of payment to, the Guarantee of such Subsidiary or (2) is subordinated by its terms in right of payment to the Notes, then the guarantee of such Guaranteed
Indebtedness shall be subordinated to the Guarantee of such Subsidiary at least to the extent that the Guaranteed Indebtedness is subordinated to the Notes. 
 (b) The Guarantee of any Guarantor will be automatically and unconditionally released and discharged so long as: 
 (i) no Default or Event of Default exists or would result from release of such Guarantee; 
 (ii) the Guarantor being released has Consolidated Net Worth of less than 5% of the Company’s Consolidated Net Worth as of the end of the most recent fiscal quarter; 

(iii) the Guarantors released from their Guarantees in any year-end period comprise in the aggregate less than 10% (or 15%
if and to the extent necessary to permit the Company to cure a Default) of the Company’s Consolidated Net Worth as of the end of the most recent fiscal quarter; 

(iv) such release would not have a material adverse effect on the homebuilding business of the Company and its
Subsidiaries; and 
 (v) the Guarantor is released from its guarantee(s) under all Specified Indebtedness (other
than by reason of payment under its guarantee of Specified Indebtedness); 

  
 -20-

 provided, in each such case, the Company has delivered to the Trustee an Officers’
Certificate and Opinion of Counsel, each stating that all conditions precedent provided for in the Indenture relating to such transactions have been complied with and that such release is authorized and permitted under the Indenture. 

(c) If there are no guarantors under any Specified Indebtedness, the Guarantors under this Supplemental Indenture will be released from
their Guarantees. 
 ARTICLE SEVEN 
 Miscellaneous 
  

	Section 7.01.	Confirmation of Indenture. 

The Indenture, as supplemented and amended by this Supplemental Indenture, is in all respects ratified and confirmed, and the Indenture,
this Supplemental Indenture and all indentures supplemental thereto shall be read, taken and construed as one and the same instrument. 
  

	Section 7.02.	Concerning the Trustee. 

The rights and duties of the Trustee set forth in Article Seven of the Indenture shall not be modified by reason of this Supplemental
Indenture. 
  

	Section 7.03.	Governing Law. 

 This
Supplemental Indenture, the Indenture, the Notes, and the Guarantee shall be governed by the laws of the State of New York. 
  

	Section 7.04.	Separability. 

 In case
any one or more of the provisions contained in this Supplemental Indenture shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of
this Supplemental Indenture, but this Supplemental Indenture shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein. 

  
 -21-

	Section 7.05.	Counterparts. 

 This
Supplemental 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 7.06.	No Adverse Interpretation of Other Agreements. 

 This Supplemental Indenture may not be used to interpret another indenture, loan or debt agreement of the Company or a Subsidiary. Any such indenture, loan or debt agreement may not be used to interpret
this Supplemental Indenture. 
  

	Section 7.07.	No Recourse Against Others. 

 All liability described in Paragraph 13 of the Notes of any director, officer, employee or stockholder, as such, of the Company or any Guarantor is waived and released. 

 

	Section 7.08.	Successors and Assigns. 

All covenants and agreements of the Company and the Guarantors in this Supplemental Indenture and the Notes shall bind its successors and
assigns. All agreements of the Trustee in this Supplemental Indenture shall bind its successors and assigns. 
  

	Section 7.09.	Duplicate Originals. 

 The
parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 
  

	Section 7.10.	Severability. 

 In case
any one or more of the provisions contained in this Supplemental Indenture or in the Notes shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any
other provisions of this Supplemental Indenture or of the Notes. 
 [Signature Page Follows] 

  
 -22-

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

 

					
	M.D.C. HOLDINGS, INC.
		
	By:	 	 /s/ John M. Stephens

		 	Name: John M. Stephens
		 	Title: Senior Vice President and Chief Financial Officer
	
	GUARANTORS:
	
	M.D.C. LAND CORPORATION
	RAH OF FLORIDA, INC.
	RICHMOND AMERICAN CONSTRUCTION, INC.
	RICHMOND AMERICAN HOMES OF ARIZONA, INC.
	RICHMOND AMERICAN HOMES OF COLORADO, INC.
	RICHMOND AMERICAN HOMES OF DELAWARE, INC.
	RICHMOND AMERICAN HOMES OF ILLINOIS, INC.
	RICHMOND AMERICAN HOMES OF MARYLAND, INC.
	RICHMOND AMERICAN HOMES OF NEVADA, INC.
	RICHMOND AMERICAN HOMES OF NEW JERSEY, INC.
	RICHMOND AMERICAN HOMES OF PENNSYLVANIA, INC.
	RICHMOND AMERICAN HOMES OF UTAH, INC.
	RICHMOND AMERICAN HOMES OF VIRGINIA, INC.
	
	RICHMOND AMERICAN HOMES OF WASHINGTON, INC.
		
	By:	 	 /s/ John M. Stephens

		 	Name: John M. Stephens
		 	Title: Authorized Officer
	
	RICHMOND AMERICAN HOMES OF FLORIDA, LP
		 	By:	 	RAH OF FLORIDA, INC., its general partner
		
	By:	 	 /s/ John M. Stephens

		 	Name: John M. Stephens
		 	Title: Authorized Officer

  
 [Supplemental
Indenture] 

					
	U.S. Bank National Association, as Trustee
		
	By:	 	 /s/ Donald T. Hurrelbrink

		 	Name:	 	Donald T. Hurrelbrink
		 	Title:	 	Vice President

  
 [Supplemental
Indenture] 

 Exhibit A 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE OF A DEPOSITORY OR A SUCCESSOR DEPOSITORY. THIS
SECURITY IS NOT EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITORY OR ITS NOMINEE EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS SECURITY (OTHER THAN A TRANSFER OF THIS
SECURITY AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY) MAY BE REGISTERED EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), TO THE 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
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. 

  
 A-1

 CUSIP No.:            

 6.000% Senior Notes due 2043 
 M.D.C. HOLDINGS, INC. 
 a Delaware corporation 

promises to pay to 
 [            ] 
 or
registered assigns 
 the principal sum of $         on 

January 15, 2043. 

6.000% Senior Notes due 2043 
  

			
	Interest Payment Dates:	  	January 15 and July 15, commencing July 15, 2013
	Record Dates:	  	January 1 and July 1

 Dated: 
  

			
	M.D.C. HOLDINGS, INC.
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-2

			
	U.S. Bank National Association, as Trustee, certifies that this is one of the Notes referred to in the within mentioned Indenture.
		
	By:	 	  

		 	Name:
		 	Authorized Signatory

  
 A-3

 M.D.C. HOLDINGS, INC. 
 6.000% Senior Notes due 2043 
  

	1.	Interest. 

 M.D.C.
HOLDINGS, INC. (the “Company”), a Delaware corporation, promises to pay interest on the principal amount of this Note at the rate per annum shown above. The Company will pay interest semi-annually on January 15 and July 15
of each year, commencing on July 15, 2013, until the principal is paid or made available for payment. Interest on the Notes will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been
paid, from January 10, 2013; provided that, if there is no existing default in the payment of interest, and if this Note is authenticated between a record date referred to on the face hereof and the next succeeding interest payment date,
interest shall accrue from such interest payment date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 
  

	2.	Method of Payment. 

 The
Company will pay interest on the Notes (except defaulted interest, if any, which will be paid on such special payment date to Holders of record on such special record date as may be fixed by the Company) on each Interest Payment Date to the persons
who are registered Holders of Notes at the close of business on the January 1 and July 1 preceding such Interest Payment Date. Holders must surrender Notes to a Paying Agent to collect principal payments. The Company will pay principal and
interest in money of the United States that at the time of payment is legal tender for payment of public and private debts. 
  

	3.	Paying Agent and Registrar. 

 Initially, U.S. Bank National Association (the “Trustee”) will act as Paying Agent and Registrar. The Company may change or appoint any Paying Agent, Registrar or co-Registrar without
notice. The Company or any of its Subsidiaries may act as Paying Agent, Registrar or co-Registrar. 
  

	4.	Indenture. 

 The Company
issued the Notes under an Indenture dated as of December 3, 2002 between the Company and the Trustee, as supplemented by a Supplemental Indenture dated as of January 10, 2013 among the Company, the Guarantors and the Trustee
(together, the “Indenture”). The terms of the Notes and the Guarantees include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (“TIA”) as in effect
on the date of the Indenture. The Notes and the Guarantees are subject to all such terms, and Holders are referred to the Indenture and the TIA for a statement of them. 

  
 A-4

 The Company will furnish to any Holder upon written request and without charge a copy of the
Indenture. Requests may be made to: M.D.C. Holdings, Inc., 4350 South Monaco Street, Suite 500, Denver, Colorado 80237, Attention: Secretary. 
  

	5.	Optional Redemption. 

 The
Notes will be redeemable at the option of the Company, in whole at any time or in part from time to time, on at least 30 but not more than 60 days’ prior notice. If the Notes are redeemed prior to October 15, 2042, the Redemption Price for
the Notes to be redeemed will equal the greater of: (i) 100% of their principal amount, and (ii) the present value of the Remaining Scheduled Payments on the Notes being redeemed on the Redemption Date, discounted to the Redemption Date,
on a semi-annual basis, at the Treasury Rate plus 45 basis points (0.45%), plus, in each case, accrued and unpaid interest, if any, on such Notes to the Redemption Date. If the Notes are redeemed on or after October 15, 2042, the Redemption
Price for the Notes to be redeemed will equal 100% of the principal amount of such Notes, plus accrued and unpaid interest, if any, on such Notes to the Redemption Date. In determining the Redemption Price and accrued interest, interest shall be
calculated on the basis of a 360-day year consisting of twelve 30-day months. 
 Notice of redemption will be mailed at least 30
days but not more than 60 days before the Redemption Date to each Holder of Notes to be redeemed at his registered address. Notes in denominations larger than $1,000 may be redeemed in part. On and after the Redemption Date, interest ceases to
accrue on Notes or portions of them called for redemption; provided that if the Company shall default in the payment of such Note at the redemption price together with accrued interest, interest shall continue to accrue at the rate borne by
the Notes. 
  

	6.	Interest Rate Adjustment. 

If a Change of Control occurs and within 60 days thereafter all three of the Ratings Agencies have less than Investment Grade debt ratings
assigned to the Notes, whether as a result of a downgrade or otherwise, the per annum interest rate on the Notes will increase from the interest rate payable on the Notes immediately before the Change of Control. The interest rate will increase by
0.25% for each rating level below Investment Grade by each of the two Rating Agencies with the lowest ratings (i.e., if two Rating Agencies are two levels below Investment Grade and the third Rating Agency is one level below Investment Grade, the
interest rate increase will be 1.00% per annum). In the event that only two Rating Agencies have debt ratings assigned to the Notes, those two debt ratings will be used to determine any interest rate increase. In the event that only one Rating
Agency has a debt rating assigned to the Notes, the interest rate increase will be two times 0.25% for each rating level below Investment Grade by the Rating Agency that has a debt rating assigned to the Notes. In the event that no Rating Agency has
a debt rating assigned to the Notes, the interest rate increase will be 2.00% per annum. Any downgrade of the ratings assigned to the Notes that occurs outside of the 60 day period will not alter the per annum interest rate. 

  
 A-5

 In no event shall: (1) the total increase in the interest rate on the Notes exceed
2.00% per annum above the interest rate payable on the Notes on the date of their initial issuance; or (2) the interest rate increase unless the debt ratings on the Notes by all Rating Agencies that have debt ratings assigned to the Notes
are below Investment Grade within 60 days after the Change of Control. 
 If at any time after the interest rate on the Notes
has been adjusted upward pursuant to this provision as a result of a Rating Agency rating the Notes below Investment Grade, that Rating Agency (or a replacement rating agency selected by us under the circumstance set forth in, and in accordance
with, the definition of “Rating Agency”) thereafter increases its rating with respect to the Notes, the per annum interest rate on the Notes will decrease by 0.25% per annum (or, if the debt rating for only one Rating Agency was used
to determine the interest rate increase pursuant to the fourth sentence of this Paragraph 6, two times 0.25% per annum) for each level of improvement in the rating of the Notes by such Rating Agency; provided that the decrease in interest rate
resulting therefrom will not exceed the aggregate percentage increase in the interest rate that resulted from the prior lower rating by such Rating Agency. In no event will the interest rate on the Notes ever be less than the interest rate on the
Notes on the date of their initial issuance. 
 Any interest rate change described above will take effect as of the first day of
the interest period for which the next interest payment will be made. 
 The interest rate on the Notes will permanently cease
to be subject to any adjustment described above (notwithstanding any subsequent decrease in the ratings by any Rating Agency) if all of the Rating Agencies subsequently increase their rating of the Notes to the following levels at the same time
(Moody’s: A3; S&P: A-; Fitch A-; or the equivalent if with respect to any substitute rating agency) or higher. 
  

	7.	Denominations, Transfer, Exchange. 

 The Notes are in registered form without coupons in denominations of $2,000 and integral multiples of $1,000. A Holder may transfer or exchange Notes by presentation of such Notes to the Registrar or a
co-Registrar with a request to register the transfer or to exchange them for an equal principal amount of Notes of other denominations. The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer
documents and to pay any taxes and fees required by law or permitted by the Indenture. The Registrar need not transfer or exchange any Note selected for redemption, except the unredeemed part thereof if the Note is redeemed in part, or transfer or
exchange any Notes for a period of 15 days before a selection of Notes to be redeemed. 
  

	8.	Persons Deemed Owners. 

The registered Holder of this Note shall be treated as the owner of it for all purposes. 

  
 A-6

	9.	Unclaimed Money. 

 If
money for the payment of principal or interest remains unclaimed for two years, the Trustee or Paying Agent will pay the money back to the Company at its request. After that, Holders entitled to the money must look to the Company for payment unless
an abandoned property law designates another person. 
  

	10.	Amendment, Supplement, Waiver. 

 Subject to certain exceptions, the Indenture or the Notes may be amended or supplemented with the consent of the Holders of at least a majority in principal amount of the outstanding Notes and any past
default or compliance with any provision relating to the Notes may be waived in a particular instance with the consent of the Holders of a majority in principal amount of the outstanding Notes. Without the consent of any Holder, the Company and the
Trustee may amend or supplement the Indenture or the Notes to cure any ambiguity, defect or inconsistency, to provide for uncertificated Notes in addition to or in place of certificated Notes, to remove a Guarantor which, in accordance with the
terms of the Supplemental Indenture, ceases to be liable in respect of its Guarantee, or to make any other change, provided such action does not adversely affect the rights of any Holder. 

 

	11.	Successor Corporation. 

When a successor corporation assumes all the obligations of its predecessor under the Notes and the Indenture, the predecessor corporation
will be released from those obligations, except that a lease of all or substantially all its assets does not release the predecessor from its obligations to pay the principal of and premium, if any, and interest, if any, on the Notes. 

 

	12.	Trustee Dealings With Company. 

 U.S. Bank National Association, the Trustee under the Indenture, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the Company or its Affiliates,
and may otherwise deal with the Company or its Affiliates, as if it were not Trustee. 
  

	13.	No Recourse Against Others. 

 A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company under the Notes or the Indenture or for any claim based on, in respect
of or by reason of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for the issue of the Notes. 

  
 A-7

	14.	Discharge of Indenture. 

The Indenture contains certain provisions pertaining to defeasance, which provisions shall for all purposes have the same effect as if set
forth herein. 
  

	15.	Authentication. 

 This
Note shall not be valid until the Trustee signs the certificate of authentication on the other side of this Note. 
  

	16.	Abbreviations. 

 Customary
abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= custodian),
and U/G/M/A (= Uniform Gifts to Minors Act). 

  
 A-8

 ASSIGNMENT FORM 
 If you, the Holder, want to assign this Note, fill in the form below: 
 I or we
assign and transfer this Note to: 
  

	
	  

	
	  

	(Insert assignee’s social security or tax ID number)
	
	  

	
	  

	(Print or type assignee’s name, address, and zip code)

 and irrevocably appoint: 
  

			
	  

	agent to transfer this Note on the books of the Company. The agent may substitute another to act for him.
	
	  

  

									
	Date:	 	  
	 		 	Your signature:	 	  

		 		 		 		 	(Sign exactly as your name appears on the other side of this Note)

  
 A-9

			
	Signature Guarantee:	 	  

 SIGNATURE GUARANTEE 
 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in the Security Transfer
Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934,
as amended. 

  
 A-10

 [FORM OF NOTATION ON SECURITY RELATING TO GUARANTEE] 

GUARANTEE 
 The
undersigned (the “Guarantors”) have fully and unconditionally guaranteed, jointly and severally (such guarantee by each Guarantor being referred to herein as the “Guarantee”) (i) the due and punctual payment of
the principal of and interest on the Notes, whether at maturity, by acceleration or otherwise, the due and punctual payment of interest on the overdue principal and interest, if any, on the Notes, to the extent lawful, and the due and punctual
performance of all other obligations of the Company to the Holders or the Trustee all in accordance with the terms set forth in Article Six of the Supplemental Indenture and (ii) in case of any extension of time of payment or renewal of any
Notes or any of such other obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. 

No past, present or future stockholder, officer, director, employee or incorporator, as such, of any of the Guarantors shall have any
liability under the Guarantee by reason of such person’s status as stockholder, officer, director, employee or incorporator. Each holder of a Note by accepting a Note waives and releases all such liability. This waiver and release are part of
the consideration for the issuance of the Guarantees. 
 Each holder of a Note by accepting a Note agrees that any Guarantor
named below shall have no further liability with respect to its Guarantee if such Guarantor otherwise ceases to be liable in respect of its Guarantee in accordance with the terms of the Supplemental Indenture. 

  
 A-11

 The Guarantee shall not be valid or obligatory for any purpose until the certificate of
authentication on the Securities upon which the Guarantee is noted shall have been executed by the Trustee under the Supplemental Indenture by the manual signature of one of its authorized officers. 

 

			
	M.D.C. LAND CORPORATION
	RAH OF FLORIDA, INC.
	RICHMOND AMERICAN CONSTRUCTION, INC.
	RICHMOND AMERICAN HOMES OF ARIZONA, INC.
	RICHMOND AMERICAN HOMES OF COLORADO, INC.
	RICHMOND AMERICAN HOMES OF DELAWARE, INC.
	RICHMOND AMERICAN HOMES OF ILLINOIS, INC.
	RICHMOND AMERICAN HOMES OF MARYLAND, INC.
	RICHMOND AMERICAN HOMES OF NEVADA, INC.
	RICHMOND AMERICAN HOMES OF NEW JERSEY, INC.
	RICHMOND AMERICAN HOMES OF PENNSYLVANIA, INC.
	RICHMOND AMERICAN HOMES OF UTAH, INC.
	RICHMOND AMERICAN HOMES OF VIRGINIA, INC.
	RICHMOND AMERICAN HOMES OF WASHINGTON, INC.
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-12

 
					
	RICHMOND AMERICAN HOMES OF FLORIDA, LP
			
		 	By:	 	RAH OF FLORIDA, INC., its general partner
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-13Seventh Supplemental Indenture

 Exhibit 4.2 

 
  

 
 SUNOCO LOGISTICS PARTNERS
OPERATIONS L.P. 
 As Issuer, 
 SUNOCO LOGISTICS PARTNERS L.P. 
 As Guarantor, and 

U.S. BANK NATIONAL ASSOCIATION, As Trustee 
  

 
 SEVENTH
SUPPLEMENTAL INDENTURE 
 Dated as of January 10, 2013 

to 

Indenture dated as of December 16, 2005 

 
  

$350,000,000 
 3.45% Senior Notes due 2023 
  

 
  

 TABLE OF CONTENTS 

 

					
	 ARTICLE I. THE NOTES
	  	 	2	  
		
	 SECTION 1.1 Form
	  	 	2	  
	 SECTION 1.2 Title, Amount and Payment of Principal and Interest
	  	 	2	  
	 SECTION 1. 3 Registrar and Paying Agent
	  	 	3	  
	 SECTION 1.4 Transfer and Exchange
	  	 	3	  
	 SECTION 1.5 Legends
	  	 	3	  
	 SECTION 1.6 Guarantee of the Notes
	  	 	3	  
	 SECTION 1.7 Defeasance and Discharge
	  	 	4	  
	 SECTION 1.8 Additional Covenants
	  	 	4	  
	 SECTION 1.9 Additional Default
	  	 	7	  
	 SECTION 1.10 Additional Definitions
	  	 	7	  
		
	 ARTICLE II. REDEMPTION
	  	 	10	  
		
	 SECTION 2.1 Redemption
	  	 	10	  
		
	 ARTICLE III. MISCELLANEOUS PROVISIONS
	  	 	11	  
		
	 SECTION 3.1 Table of Contents, Headings, etc.
	  	 	11	  
	 SECTION 3.2 Counterpart Originals
	  	 	11	  
	 SECTION 3.3 Governing Law
	  	 	11	  
		
	 EXHIBIT A Form of Note A-1
	  	 	A-1	  
		
	 ANNEX A Form of Supplemental Indenture
	  	 	Annex-1	  

 THIS SEVENTH SUPPLEMENTAL INDENTURE dated as of January 10, 2013 is among Sunoco
Logistics Partners Operations L.P., a Delaware limited partnership (the “Partnership”), Sunoco Logistics Partners L.P., a Delaware limited partnership (the “Guarantor”), and U.S. Bank National
Association, a national banking association, as successor trustee (the “Trustee”). Each capitalized term used but not defined in this Seventh Supplemental Indenture shall have the meaning assigned to such term in the Original
Indenture (as defined below). 
 RECITALS: 
 WHEREAS, the Partnership, the Guarantor and the Subsidiary Guarantors named therein have executed and delivered to the Trustee an Indenture dated as of December 16, 2005 (the “Original
Indenture”), providing for the issuance by the Partnership from time to time of its debentures, notes, bonds or other evidences of indebtedness, issued and to be issued in one or more series unlimited as to principal amount (the
“Debt Securities”), and the guarantee of the Debt Securities by one or more of the Subsidiary Guarantors and the Guarantor (the “Guarantee”); 

WHEREAS, U.S. Bank National Association replaced Citibank, N.A. as the trustee under the Original Indenture, pursuant to the Agreement of
Resignation, Appointment and Acceptance dated as of April 9, 2007 among the Partnership, Citibank, N.A. and U.S. Bank National Association; 
 WHEREAS, the Partnership has duly authorized and desires to issue pursuant to the Original Indenture, as supplemented and amended by this Seventh Supplemental Indenture (the “Seventh
Supplemental Indenture” and, together with the Original Indenture, the “Indenture”), a new series of Debt Securities designated the “3.45% Senior Notes due 2023” (the “Notes”),
all of such Notes to be guaranteed by the Guarantor as provided in Article XIV of the Original Indenture; 
 WHEREAS, the
Partnership desires to issue the Notes pursuant to Sections 2.01 and 2.03 of the Original Indenture, which Sections permit the execution of supplemental indentures to establish the form and terms of Debt Securities of any series; 

WHEREAS, pursuant to Section 9.01 of the Original Indenture, the Partnership and the Guarantor have requested that the Trustee join
in the execution of this Seventh Supplemental Indenture to establish the form and terms of the Notes; 
 WHEREAS, all things
necessary have been done to make the Notes, when executed by the Partnership and authenticated and delivered under the Indenture and duly issued by the Partnership, and the Guarantee of the Guarantor, when the Notes are duly issued by the
Partnership, the valid obligations of the Partnership and the Guarantor, respectively, and to make this Seventh Supplemental Indenture a valid agreement of the Partnership and the Guarantor enforceable in accordance with its terms. 

NOW, THEREFORE, the Partnership, the Guarantor and the Trustee hereby agree that the following provisions shall supplement the Original
Indenture: 

  
 1 

 ARTICLE I. 
 THE NOTES 
 SECTION 1.1 Form. 

The Notes and the Trustee’s certificate of authentication shall be substantially in the form of Exhibit A to this Seventh
Supplemental Indenture, which is hereby incorporated into this Seventh Supplemental Indenture. The terms and provisions contained in the Notes shall constitute, and are hereby expressly made, a part of this Seventh Supplemental Indenture and to the
extent applicable, the Partnership, the Guarantor and the Trustee, by their execution and delivery of this Seventh Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby. 

The Notes shall be issued upon original issuance in whole in the form of one or more Global Securities (the “Book-Entry
Notes”). Each Book-Entry Note shall represent such of the Outstanding Notes as shall be specified therein and shall provide that it shall represent the aggregate amount of Outstanding Notes from time to time endorsed thereon and that
the aggregate amount of Outstanding Notes represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges and redemptions. Any endorsement of a Book-Entry Note to reflect the amount, or any increase or
decrease in the amount, of Outstanding Notes represented thereby shall be made by the Trustee in accordance with written instructions or such other written form of instructions as is customary for the Depositary, from the Depositary or its nominee
on behalf of any Person having a beneficial interest in the Book-Entry Note. 
 The Partnership initially appoints The
Depository Trust Company (“DTC”) to act as Depositary with respect to the Book-Entry Notes. 

SECTION 1.2 Title, Amount and Payment of Principal and Interest. 

The Notes shall be entitled the “3.45% Senior Notes due 2023.” The Trustee shall authenticate and deliver (i) Notes for
original issue on the date hereof (the “Original Notes”) in the aggregate principal amount of $350,000,000 and (ii) additional Notes for original issue from time to time after the date hereof in such principal amounts as
may be specified in the Partnership Order described in this sentence, provided that no such additional Notes may be issued at a price that would cause such Notes to have “original issue discount” within the meaning of the Internal Revenue
Code of 1986, as amended, in each case upon a Partnership Order for the authentication and delivery thereof and satisfaction of the other provisions of Section 2.05 of the Original Indenture. Such order shall specify the amount of the Notes to
be authenticated, the date on which the original issue of Notes is to be authenticated, and the name or names of the initial Holder or Holders. The aggregate principal amount of Notes that may be outstanding at any time may not exceed $350,000,000
plus such additional principal amounts as may be issued and authenticated pursuant to clause (ii) of this paragraph (except as provided in Section 2.09 of the Original Indenture). Any such additional Notes issued in this manner will be
consolidated with, and will form a single series with, the Original Notes. 

  
 2 

 The principal amount of each Note shall be payable on January 15, 2023. Each Note
shall bear interest from the date of original issuance, or the most recent date to which interest has been paid, at the fixed rate of 3.45 % per annum. The dates on which interest on the Notes shall be payable shall be January 15 and
July 15 of each year, commencing July 15, 2013 in the case of the Original Notes (the “Interest Payment Dates”). The regular record date for interest payable on the Notes on any Interest Payment Date shall be
January 1 or July 1 (the “Regular Record Date”), as the case may be, next preceding such Interest Payment Date. 
 Payments of principal of, premium, if any, and interest due on the Book-Entry Notes on any Interest Payment Date or at maturity will be made available to the Trustee by 11:00 a.m., New York City time, on
such date, unless such date falls on a day which is not a Business Day, in which case such payments will be made available to the Trustee by 11:00 a.m., New York City time, on the next Business Day. As soon as possible thereafter, the Trustee will
make such payments to the Depositary. 
 SECTION 1.3 Registrar and Paying Agent. 

The Partnership initially appoints the Trustee as Registrar and paying agent with respect to the Notes. The office or agency in the City
and State of New York where Notes may be presented for registration of transfer or exchange and the Place of Payment for the Notes shall initially be U.S. Bank National Association, 100 Wall Street, Suite 1600, New York, New York 10005, Attention:
Corporate Trust Department. 
 SECTION 1.4 Transfer and Exchange. 

Transfer and Exchange of Notes in Definitive Form. Notes in definitive form shall be presented or surrendered for registration of
transfer or exchange pursuant to Section 2.07 of the Original Indenture. 
 Transfer and Exchange of Global Notes.
The transfer and exchange of Book-Entry Notes or beneficial interests therein shall be effected through the Depositary, in accordance with Section 2.15 of the Original Indenture. 

SECTION 1.5 Legends. 
 Each certificate evidencing the Book-Entry Notes shall bear the legend specified in Section 2.15 of the Original Indenture. 
 SECTION 1.6 Guarantee of the Notes. 
 In accordance with Article XIV of
the Original Indenture, the Notes will be fully, unconditionally and absolutely guaranteed on an unsecured, unsubordinated basis by the Guarantor. Initially, there will not be any other guarantors of the Notes. 

Section 14.04(a) is amended with respect to the Notes by (i) adding the words “with respect to the Notes” after the
word “Default” in the final sentence thereof and (ii) substituting the words “Funded Debt” for the word “Debt” in such sentence. 

  
 3 

 SECTION 1.7 Defeasance and Discharge. 

The Notes shall be subject to satisfaction and discharge and to both legal defeasance and covenant defeasance as contemplated by Article
XI of the Original Indenture. 
 SECTION 1.8 Additional Covenants. 

Pursuant to Section 9.01 of the Original Indenture, the following covenants of the Partnership are made in relation solely to the
Notes by adding the following Sections to Article IV of the Original Indenture: 
 Section 4.12 Limitations on
Liens. 
 (i) The Partnership will not, nor will the Partnership permit any Subsidiary to, create, assume,
incur or suffer to exist any Lien upon any Principal Property, or upon any shares of capital stock of any Subsidiary owning or leasing any Principal Property, whether owned or leased on the date of the Seventh Supplemental Indenture or thereafter
acquired, to secure any Debt of the Partnership or Debt of any other Person, other than the Notes and any other Debt Securities issued under the Indenture, without making effective provision for all the Notes outstanding under the Indenture to be
secured equally and ratably with, or prior to, that Debt so long as that Debt is so secured. 
 There is excluded from this
restriction: 
 (1) Permitted Liens: 

(2) any Lien upon any property or asset created at the time of the acquisition of that property or asset by the
Partnership or any of its Subsidiaries or within one year after that time to secure all or a portion of the purchase price for that property or asset or Debt incurred to finance the purchase price, whether that Debt was incurred prior to, at the
time of or within one year after the date of the acquisition; 
 (3) any Lien upon any property or asset to
secure all or part of the cost of construction, development, repair or improvements thereon or to secure Debt incurred prior to, at the time of, or within one year after completion of the construction, development, repair or improvements or the
commencement of full operations thereof, whichever is later, to provide funds for that purpose; 
 (4) any Lien
upon any property or asset existing thereon at the time of the acquisition thereof by the Partnership or any of its Subsidiaries, whether or not the obligations secured thereby are assumed by the Partnership or by any of its Subsidiaries; provided,
however, that the Lien only encumbers the property or asset so acquired; 
 (5) any Lien upon any property or
asset of an entity existing thereon at the time that entity becomes a Subsidiary by acquisition, merger or otherwise; provided, however, that the Lien only encumbers the property or asset of that entity at the time it becomes a Subsidiary;

  
 4 

 (6) any Lien upon any property or asset of the Partnership or any of its
Subsidiaries in existence on the date the Notes are first issued or provided for pursuant to agreements existing on that date, including, without limitation, pursuant to the revolving credit facility of the Partnership; 

(7) Liens imposed by law or order as a result of any proceeding before any court or regulatory or body that is being
contested in good faith, and Liens which secure a judgment or other court-ordered award or settlement as to which the Partnership or the applicable Subsidiary has not exhausted its appellate rights; 

(8) any extension, renewal, refinancing, refunding or replacement, or successive extensions, renewals, refinancings,
refundings or replacements, of Liens, in whole or in part, referred to in clauses (1) through (7) above; provided, however, that any extension, renewal, refinancing, refunding or replacement Lien shall be limited to the property or asset
covered by the Lien extended, renewed, refinanced, refunded or replaced and that the obligations secured by any extension, renewal, refinancing, refunding or replacement Lien shall be in an amount not greater than the amount of the obligations
secured by the Lien extended, renewed, refinanced, refunded or replaced and any expenses of the Partnership and its Subsidiaries, including any premium, incurred in connection with any extension, renewal, refinancing, refunding or replacement; or

 (9) any Lien resulting from the deposit of moneys or evidence of indebtedness in trust for the purpose of
defeasing Debt of the Partnership or any of its Subsidiaries. 
 (ii) Notwithstanding the preceding, under the
Indenture, the Partnership may, and may permit any Subsidiary to, create, assume, incur, or suffer to exist any Lien upon any Principal Property or upon any shares of capital stock of any Subsidiary owning or leasing any Principal Property to secure
Debt of the Partnership or any other Person, other than the Notes and any other Debt Securities issued under the Indenture, that is not excepted by clauses (1) through (9) above, without securing the Notes; provided that the aggregate
principal amount of all Debt then outstanding secured by that Lien and all similar Liens, together with all Attributable Indebtedness from Sale-Leaseback Transactions (excluding Sales-Leaseback Transactions permitted by clauses (1) through (4),
inclusive, of Section 4.13(i)) does not exceed 10% of Consolidated Net Tangible Assets. 
 Section 4.13
Restrictions on Sale-Leasebacks. 
 (i) The Partnership will not, and will not permit any of its
Subsidiaries to, engage in the sale or transfer by the Partnership or any of its Subsidiaries of any Principal Property to a Person, other than the Partnership or any of its Subsidiaries, and the taking back by the Partnership or any Subsidiary, as
the case may be, of a lease of the Principal Property (a “Sale-Leaseback Transaction”), unless: 

  
 5 

 (1) the Sale-Leaseback Transaction occurs within one year from the date of
completion of the acquisition of the Principal Property subject thereto or the date of the completion of construction, development or substantial repair or improvement, or commencement of full operations on the Principal Property, whichever is
later; 
 (2) the Sale-Leaseback Transaction involves a lease for a period, including renewals, of not more than
three years; 
 (3) the Partnership or the Subsidiary would be entitled to incur Debt secured by a Lien on the
Principal Property subject thereto in a principal amount equal to or exceeding the Attributable Indebtedness from the Sale-Leaseback Transaction without equally and ratably securing the Notes; or 

(4) the Partnership or a Subsidiary, within a one-year period after the Sale-Leaseback Transaction, applies or causes to
be applied an amount not less than the Attributable Indebtedness from the Sale-Leaseback Transaction to: 
 (A)
the prepayment, repayment, redemption, reduction or retirement of any Debt of the Partnership or Debt of any Subsidiary that is not subordinated to the Notes; or 

(B) the expenditure or expenditures for Principal Property used or to be used in the ordinary course of the
Partnership’s business or the business of its Subsidiaries. 
 (ii) Notwithstanding the preceding, the Partnership may, and
may permit any Subsidiary to, effect any Sale-Leaseback Transaction that is not excepted by clauses (1) through (4), inclusive, of Section 4.13(i), provided that the Attributable Indebtedness from the Sale-Leaseback Transaction and any
other Sale-Leaseback Transaction that is not so excepted, together with the aggregate principal amount of outstanding Debt, other than the Notes and any other Debt Securities issued under the Indenture, secured by Liens upon Principal Properties, or
upon any shares of capital stock of any Subsidiary owning or leasing any Principal Property, and in any case not excepted by clauses (1) through (9), inclusive, of Section 4.12(i), does not exceed 10% of the Consolidated Net Tangible
Assets. 
 Section 4.14 Future Subsidiary Guarantors. 

The Partnership shall cause each of its Subsidiaries that guarantees or becomes a co-obligor in respect of any Funded Debt of the
Partnership at any time after the date of the Seventh Supplemental Indenture (including, without limitation, following any release of such Subsidiary pursuant to Section 14.04 of the Original Indenture from any Guarantee previously provided by
it under Article XIV), to cause such Subsidiary to guarantee the Notes, but only to the extent that the Notes are not already guaranteed by such Subsidiary, by executing and delivering to the 

  
 6 

 
Trustee, within thirty days thereafter, a supplemental indenture substantially in the form attached to the Seventh Supplemental Indenture as Annex A. 

SECTION 1.9 Additional Default. 
 In accordance with Section 9.01(b) of the Original Indenture, Section 6.01 is amended solely with respect to the Notes by deleting paragraph (h) and inserting in lieu thereof: 

(h) the acceleration of the maturity of any other Debt of the Partnership or any of its Subsidiaries or a default in the payment of any
principal or interest in respect of any other Debt of the Partnership or any of its Subsidiaries having an outstanding principal amount of $25 million or more individually or in the aggregate and such default shall be continuing for a period of 30
days. 
 SECTION 1.10 Additional Definitions. 

In accordance with Section 9.01 of the Original Indenture, the following terms are inserted into Section 1.01 of the Original
Indenture in the appropriate alphabetical order and made applicable only to the Notes: 
 “Attributable
Indebtedness,” when used with respect to any Sale-Leaseback Transaction, means, as at the time of determination, the present value, discounted at the rate set forth or implicit in the terms of the lease included in the transaction, of the total
obligations of the lessee for rental payments, other than amounts required to be paid on account of property taxes, maintenance, repairs, insurance, assessments, utilities, operating and labor costs and other items that constitute payments for
property rights, during the remaining term of the lease included in the Sale-Leaseback Transaction, including any period for which the lease has been extended. In the case of any lease that is terminable by the lessee upon the payment of a penalty
or other termination payment, the amount shall be the lesser of the amount determined assuming termination upon the first date the lease may be terminated, in which case the amount shall also include the amount of the penalty or termination payment,
but no rent shall be considered as required to be paid under the lease subsequent to the first date upon which it may be so terminated, or the amount determined assuming no termination. 

“Commodity Trading Obligations” with respect to any Person, means the obligations of such Person under
(1) any commodity swap agreement, commodity future agreement, commodity option agreement, commodity cap agreement, commodity floor agreement, commodity collar agreement, commodity hedge agreement, and any put, call or other agreement or
arrangement, or combination thereof, designed to protect such Person against fluctuations in commodity prices or (2) any commodity swap agreement, commodity future agreement, commodity option agreement, commodity hedge agreement, and any put,
call or other agreement or arrangement, or combination thereof (including an agreement or arrangement to hedge foreign exchange risks) in respect of commodities entered into by the Partnership pursuant to asset optimization and risk management
policies and procedures adopted in good faith by the Board of Directors. 

  
 7 

 “Consolidated Net Tangible Assets” means, at any date of
determination, the total amount of assets after deducting: (1) all current liabilities, excluding: 
 (A)
any current liabilities that by their terms are extendable or renewable at the option of the obligor to a time more than one year after the time as of which the amount is being computed; and 

(B) current maturities of long-term debt; and 

(2) the value, net of any applicable reserves, of all goodwill, trade names, trademarks, patents and other like intangible
assets, 
 all as set forth, or as on a pro forma basis would set forth, on the consolidated balance sheet of the Partnership for its most
recently completed fiscal quarter, prepared in accordance with GAAP. 
 “Funded Debt” means all Debt:
(1) maturing one year or more from the date of its creation; (2) directly or indirectly renewable or extendable, at the option of the debtor, by its terms or by the terms of any instrument or agreement relating to the Debt, to a date one
year or more from the date of its creation; or (3) under a revolving credit or similar agreement obligating the lender or lenders to extend credit over a period of one year or more. 

“Notes” means the Partnership’s 3.45% Senior Notes due 2023. 

“Permitted Hedging Obligations” of any Person shall mean (1) hedging obligations entered into in the
ordinary course of business and in accordance with such Person’s established risk management policies that are designed to protect such Person against, among other things, fluctuations in interest rates or currency exchange rates and which in
the case of agreements relating to interest rates shall have a notional amount no greater than the payments due with respect to the Debt being hedged thereby and (2) Commodity Trading Obligations. 

“Permitted Liens” means: 

(1) Liens upon rights of way for pipeline purposes; 

(2) any statutory or governmental Lien or Lien arising by operation of law, or any mechanic’s, repairman’s,
materialman’s, supplier’s, carrier’s, landlord’s, warehouseman’s or similar Lien incurred in the ordinary course of business which is not yet due or which is being contested in good faith by appropriate proceedings and any
undetermined Lien which is incidental to construction, development, improvement or repair; 
 (3) the right
reserved to, or vested in, any municipality or public authority by the terms of any right, power, franchise, grant, license, permit or by any provision of law, to purchase or recapture or to designate a purchaser of, any property; 

  
 8 

 (4) Liens of taxes and assessments which are (A) for the then current
year, (B) not at the time delinquent, or (C) delinquent but the validity of which is being contested at the time by the Partnership or any of its Subsidiaries in good faith; 

(5) Liens of, or to secure performance of, leases, other than capital leases; 

(6) any Lien upon, or deposits of, any assets in favor of any surety company or clerk of court for the purpose of
obtaining indemnity or stay of judicial proceedings; 
 (7) any Lien upon property or assets acquired or sold by
the Partnership or by any of its Subsidiaries resulting from the exercise of any rights arising out of defaults on receivables; 
 (8) any Lien incurred in the ordinary course of business in connection with worker’s compensation, unemployment insurance, temporary disability, social security, retiree health or similar laws or
regulations or to secure obligations imposed by statute or governmental regulations; 
 (9) any Lien in favor of
the Partnership or any of its Subsidiaries; 
 (10) any Lien in favor of the United States of America or any
state of the United States, or any department, agency or instrumentality or political subdivision of the United States of America or any state of the United States, to secure partial, progress, advance, or other payments pursuant to any contract or
statute, or any Debt incurred by the Partnership or any of its Subsidiaries for the purpose of financing all or any part of the purchase price of, or the cost of constructing, developing, repairing or improving, the property or assets subject to the
Liens; 
 (11) any Lien securing industrial development, pollution control or similar revenue bonds; 

(12) any Lien securing debt of the Partnership or any of its Subsidiaries, all or a portion of the net proceeds of which
are used, substantially concurrent with the funding thereof (and for purposes of determining “substantial concurrence,” taking into consideration, among other things, required notices to be given to Holders of Outstanding Notes in
connection with the refunding, refinancing or repurchase, and the required corresponding durations thereof), to refinance, refund or repurchase all Outstanding Notes, including the amount of all accrued interest thereon and reasonable fees and
expenses and premium, if any, incurred by the Partnership or any of its Subsidiaries in connection therewith; 

(13) Liens in favor of any Person to secure obligations under the provisions of any letters of credit, bank guarantees,
bonds or surety obligations required or requested by any governmental authority in connection with any contract or statute; 

  
 9 

 (14) any easements, exceptions or reservations in any property or assets of
the Partnership or any Subsidiary granted or reserved for the purpose of pipelines, roads, the removal of oil, gas, coal or other minerals, and other like purposes, or for the joint or common use of real property, facilities and equipment, which are
incidental to, and do not materially interfere with, the ordinary conduct of its business or the business of the Partnership and its Subsidiaries, taken as a whole; 

(15) Liens securing Permitted Hedging Obligations; or 

(16) any Lien upon or deposits of any assets to secure performance of bids, trade contracts, leases or statutory
obligations. 
 “Principal Property” means, whether owned or leased on the date of the Seventh
Supplemental Indenture or thereafter acquired, any pipeline, terminal or other logistics property or asset of the Partnership or any of its Subsidiaries, including any related property or asset employed in the transportation, distribution, storage,
terminalling, processing or marketing of crude oil, refined products (including gasoline, diesel fuel, jet fuel, heating oil, distillates, liquefied petroleum gas, natural gas liquids, blend stocks, ethanol, xylene, toluene and petrochemical
feedstocks) or fuel additives, that is located in the United States of America or any territory or political subdivision thereof, except: 
 (1) any of those properties or assets consisting of inventories, furniture, office fixtures and equipment, including data processing equipment, vehicles and equipment used on, or with, vehicles; and

 (2) any of those properties or assets which, in the opinion of the board of directors of the General Partner,
is not material in relation to the activities of the Partnership or its Subsidiaries, taken as a whole. 

“Sale-Leaseback Transaction” has the meaning attributed thereto in Section 4.13. 

“Seventh Supplemental Indenture” means the Seventh Supplemental Indenture among the Partnership, the Guarantor
and the Trustee dated as of January 10, 2013 relating to the Partnership’s 3.45% Senior Notes due 2023. 
 ARTICLE
II. 
 REDEMPTION 
 SECTION 2.1 Redemption. 
 The Partnership shall have no obligation to
redeem, purchase or repay the Notes pursuant to any mandatory redemption, sinking fund or analogous provisions or at the option of a Holder thereof. The Partnership, at its option, may redeem the Notes in accordance with the provisions of paragraph
5 of the Notes and Article III of the Original Indenture. 

  
 10 

 ARTICLE III. 
 MISCELLANEOUS PROVISIONS 
 SECTION 3.1 Table of Contents, Headings,
etc. 
 The table of contents and headings of the Articles and Sections of this Seventh Supplemental Indenture have been
inserted for convenience of reference only, are not to be considered a part hereof and shall in no way modify or restrict any of the terms or provisions hereof. 
 SECTION 3.2 Counterpart Originals. 
 The parties may sign any number of
copies of this Seventh Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 

SECTION 3.3 Governing Law. 
 THIS SEVENTH SUPPLEMENTAL INDENTURE AND THE NOTES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 

[Signature Pages Follow] 

  
 11 

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

			
	SUNOCO LOGISTICS PARTNERS OPERATIONS
L.P.
		
	 By:
	 	SUNOCO LOGISTICS PARTNERS GP LLC, its General Partner
		
	 By:
	 	/s/ Michael J. Hennigan
		 	Michael J. Hennigan
		 	President
	
	SUNOCO LOGISTICS PARTNERS L.P.
		
	By:	 	SUNOCO PARTNERS LLC, its General Partner
		
	By:	 	/s/ Michael J. Hennigan
		 	Michael J. Hennigan
		 	President and Chief Executive Officer
	
	U.S. BANK NATIONAL ASSOCIATION, as Trustee
		
	By:	 	/s/ George J. Rayzis
		 	George J. Rayzis
		 	Vice President

  
 12 

 Exhibit A 

FORM OF NOTE 
 [FACE OF SECURITY] 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE
OF THE DEPOSITORY TRUST COMPANY (“DTC”), A NEW YORK CORPORATION, NEW YORK, NEW YORK, TO THE PARTNERSHIP OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE
HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO HEREIN. 

 

			
	No. R-1	  	 Principal Amount
  

$350,000,000, which amount may be
 increased or decreased by the Schedule
 of Increases and Decreases in Global Security
attached hereto.

 SUNOCO LOGISTICS PARTNERS OPERATIONS L.P. 

3.45% SENIOR NOTE DUE 2023 
 CUSIP 86765B AL3 
 SUNOCO LOGISTICS PARTNERS OPERATIONS L.P., a Delaware
limited partnership (the “Partnership,” which term includes any successor under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co. or its registered assigns, the principal sum of Three
Hundred Fifty Million U.S. dollars ($350,000,000), or such greater or lesser principal sum as is shown on the attached Schedule of Increases and Decreases in Global Security, on January 15, 2023 in such coin and currency of the United States of
America as at the time of payment shall be legal tender for the payment of public and private debts, and to pay interest at an annual rate of 3.45% payable on January 15 and July 15 of each year, to the person in whose name the Security is
registered at the close of business on the record date for such interest, which shall be the preceding January 1 and July 1 

  
 A-1

 
(each, a “Regular Record Date”), respectively, payable commencing on July 15, 2013, with interest accruing from January 10, 2013, or the most recent date to which interest
shall have been paid. 
 Reference is made to the further provisions of this Security set forth on the reverse hereof. Such
further provisions shall for all purposes have the same effect as though fully set forth at this place. 
 The statements in the
legends set forth in this Security are an integral part of the terms of this Security and by acceptance hereof the Holder of this Security agrees to be subject to, and bound by, the terms and provisions set forth in each such legend. 

This Security is issued in respect of a series of Debt Securities of an initial aggregate principal amount of $350,000,000, designated as
the 3.45% Senior Notes due 2023 of the Partnership, which are governed by the Indenture dated as of December 16, 2005 (the “Original Indenture”), among the Partnership, Sunoco Logistics Partners L.P., a Delaware limited partnership
(the “Guarantor”), the Subsidiary Guarantors named therein and Citibank, N.A., as initial trustee, as supplemented and amended by the Seventh Supplemental Indenture (herein so called) dated as of January 10, 2013 among the
Partnership, the Guarantor and U.S. Bank National Association, as successor trustee (the “Trustee”). The Original Indenture, as supplemented and amended from time to time, is herein referred to as the “Indenture.” The terms of
the Indenture are incorporated herein by reference. This Security shall in all respects be entitled to the same benefits as definitive Securities under the Indenture. 
 This Security shall not be valid or become obligatory for any purpose until the Trustee’s Certificate of Authentication hereon shall have been manually signed by the Trustee under the Indenture.

  
 A-2

 IN WITNESS WHEREOF, the Partnership has caused this instrument to be duly executed by its
sole General Partner. 
 Dated: January 10, 2013 

 

			
	SUNOCO LOGISTICS PARTNERS OPERATIONS
L.P.
		
	 By:
	 	SUNOCO LOGISTICS PARTNERS GP LLC,
		 	its General Partner
	 By: 
	 	 
		 	Name:
		 	Title:

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION: 

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

 

			
	U.S. BANK NATIONAL ASSOCIATION, as Trustee
		
	 By: 
	 	 
		 	Authorized Signatory

  
 A-3

 [REVERSE OF SECURITY] 

SUNOCO LOGISTICS PARTNERS OPERATIONS L.P. 
 3.45% SENIOR NOTE DUE 2023 
 This Security is one of a duly authorized
issue of debentures, notes or other evidences of indebtedness of the Partnership (the “Debt Securities”) of the series hereinafter specified, all issued or to be issued under and pursuant to the Indenture, to which Indenture reference is
hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Partnership, the Guarantor and the Holders of the Debt Securities. The Debt Securities may be issued in one or more
series, which different series may be issued in various aggregate principal amounts, may mature at different times, may bear interest (if any) at different rates, may be subject to different sinking, purchase or analogous funds (if any) and may
otherwise vary as provided in the Indenture. This Security is one of a series designated as the 3.45% Senior Notes due 2023 of the Partnership, in initial aggregate principal amount of $350,000,000 (the “Securities”). 

1. Interest. 
 The
Partnership promises to pay interest on the principal amount of this Security at the rate of 3.45% per annum. 
 The
Partnership will pay interest semi-annually on January 15 and July 15 of each year (each an “Interest Payment Date”), commencing July 15, 2013. Interest on the Securities will accrue from the most recent date to which
interest has been paid or, if no interest has been paid on the Securities, from January 10, 2013. Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months. The Partnership shall pay interest (including
post-petition interest in any proceeding under any applicable bankruptcy laws) on overdue installments of interest (without regard to any applicable grace period) and on overdue principal and premium, if any, from time to time on demand at the same
rate per annum, in each case to the extent lawful. 
 2. Method of Payment. 

The Partnership shall pay interest on the Securities (except Defaulted Interest) to the persons who are the registered Holders at the
close of business on the Regular Record Date immediately preceding the Interest Payment Date. Any such interest not so punctually paid or duly provided for (“Defaulted Interest”) may be paid to the persons who are registered Holders at the
close of business on a special record date for the payment of such Defaulted Interest, or in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may then be listed if such manner of
payment shall be deemed practicable by the Trustee, as more fully provided in the Indenture. The Partnership shall pay principal, premium, if any, and interest in such coin or currency of the United States of America as at the time of payment shall
be legal tender for payment of public and private debts. Payments in respect of a Global Security (including principal, premium, if any, and interest) will be made by wire transfer of immediately available funds to the accounts specified by the
Depositary. Payments in respect of Securities in definitive form (including principal, premium, if any, and 

  
 A-4

 
interest) will be made at the office or agency of the Partnership maintained for such purpose within The City of New York, which initially will be U.S. Bank National Association, 100 Wall Street,
Suite 1600, New York, New York 10005 Attention: Corporate Trust Department, or, at the option of the Company, payment of interest may be made by check mailed to the Holders on the relevant record date at their addresses set forth in the Debt
Security register of Holders or at the option of the Holder, payment of interest on Securities in definitive form will be made by wire transfer of immediately available funds to any account maintained in the United States, provided such Holder has
requested such method of payment and provided timely wire transfer instructions to the paying agent. The Holder must surrender this Security to a paying agent to collect payment of principal. 
 3. Paying Agent and Registrar. 
 Initially, U.S. Bank National Association
will act as paying agent and Registrar. The Partnership may change any paying agent or Registrar at any time upon notice to the Trustee and the Holders. The Partnership may act as paying agent. 

4. Indenture. 
 This
Security is one of a duly authorized issue of Debt Securities of the Partnership issued and to be issued in one or more series under the Indenture. 
 Capitalized terms herein are used as defined in the Indenture unless otherwise defined herein. The terms of the Securities include those stated in the Original Indenture, those made part of the Indenture
by reference to the TIA, as in effect on the date of the Original Indenture, and those terms stated in the Seventh Supplemental Indenture. The Securities are subject to all such terms, and Holders of Securities are referred to the Original
Indenture, the Seventh Supplemental Indenture and the TIA for a statement of them. The Securities of this series are general unsecured obligations of the Company limited to an initial aggregate principal amount of $350,000,000; provided,
however, that the authorized aggregate principal amount of such series may be increased from time to time as provided in the Seventh Supplemental Indenture. 
 5. Optional Redemption. 
 The Securities are redeemable, at the option of
the Partnership, at any time prior to October 15, 2022 (the date that is three months prior to the Stated Maturity) in whole, or from time to time in part, at a redemption price (the “Make-Whole Price”) equal to the greater of:
(i) 100% of the principal amount of the Securities to be redeemed; or (ii) the sum of the present values of the remaining scheduled payments of principal and interest (at the rate in effect on the date of calculation of the redemption
price) on the Securities (exclusive of interest accrued to the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Rate plus 25 basis
points; plus, in either case, accrued and unpaid interest to the Redemption Date. 
 The actual Make-Whole Price, calculated as
provided above, shall be calculated and certified to the Trustee and the Partnership by the Independent Investment Banker. For purposes of determining the Make-Whole Price, the following definitions are applicable: 

  
 A-5

 “Treasury Rate” means the rate per year equal to the semi-annual equivalent yield
to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. The Treasury Rate shall be
calculated on the third business day preceding the Redemption Date. 
 “Comparable Treasury Issue” means the United
States Treasury security selected by the Independent Investment Banker as having a maturity comparable to the remaining term of the Securities to be redeemed that would be utilized, at the time of selection and in accordance with customary financial
practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Securities. 

“Comparable Treasury Price” means with respect to any Redemption Date (1) the average of the Reference Treasury Dealer
Quotations for such Redemption Date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer than five such Reference Treasury Dealer Quotations, the average of
all such quotations. 
 “Independent Investment Banker” means either of J.P. Morgan Securities LLC or Citigroup Global
Markets Inc., as specified by the Partnership, and any successor firm or, if such firm is unwilling or unable to select the Comparable Treasury Issue, an independent investment banking institution of national standing appointed by the Partnership.

 “Reference Treasury Dealer” means each of J.P. Morgan Securities LLC and Citigroup Global Markets Inc. and three
other primary U.S. government securities dealers (each a “Primary Treasury Dealer”), as specified by the Partnership; provided, that (1) if any of the foregoing shall cease to be a Primary Treasury Dealer, the Partnership will
substitute therefor another Primary Treasury Dealer and (2) if the Partnership fails to select a substitute within a reasonable period of time, then the substitute will be a Primary Treasury Dealer selected by the Independent Investment Banker.

 “Reference Treasury Dealer Quotations” means, with respect to the Reference Treasury Dealer and any Redemption
Date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed, in each case, as a percentage of its principal amount) quoted in writing to the Independent Investment
Banker by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day preceding such Redemption Date. 
 Additionally, the Securities are redeemable, at the option of the Partnership, at any time on or after October 15, 2022 (the date that is three months prior to the Stated Maturity) in whole, or from
time to time in part, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to such Redemption Date. 

Except as set forth above, the Securities will not be redeemable prior to their Stated Maturity and will not be entitled to the benefit
of any sinking fund. 

  
 A-6

 Securities called for optional redemption become due on the Redemption Date. Notices of
optional redemption will be mailed at least 30 but not more than 60 days before the Redemption Date to each Holder of the Securities to be redeemed at its registered address. The notice of optional redemption for the Securities will state, among
other things, the amount of Securities to be redeemed, the Redemption Date, the redemption price, the method of calculating such redemption price (if the Make-Whole Price) and the place(s) that payment will be made upon presentation and surrender of
Securities to be redeemed. Unless the Partnership defaults in payment of the redemption price, interest will cease to accrue on the Redemption Date with respect to any Securities that have been called for optional redemption. If less than all the
Securities are redeemed at any time, the Trustee will select the Securities to be redeemed on a pro rata basis, by lot or by any other method the Trustee deems fair and appropriate; provided, however, that if at the time of redemption such
Securities are represented by a Global Security, the Depositary shall determine, in accordance with its procedures, the principal amount of such Securities held by each beneficial owner to be redeemed. 

The Securities may be redeemed in part in minimum principal amounts of $2,000 and integral multiples of $1,000 in excess thereof. Any
such redemption will also comply with Article III of the Indenture. 
 6. Denominations; Transfer; Exchange. 

The Securities are to be issued in registered form, without coupons, in denominations of $2,000 and integral multiples of $1,000 in excess
thereof. A Holder may register the transfer of, or exchange, Securities in accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes and
fees required by law or permitted by the Indenture. 
 7. Person Deemed Owners. 

The registered Holder of a Security may be treated as the owner of it for all purposes. 

8. Amendment; Supplement; Waiver. 
 Subject to certain exceptions, the Indenture may be amended or supplemented, and any existing Event of Default or compliance with any provision may be waived, with the consent of the Holders of a majority
in principal amount of the Outstanding Debt Securities of each series affected. Without consent of any Holder of a Security, the parties thereto may amend or supplement the Indenture to, among other things, cure any ambiguity or omission, to correct
any defect or inconsistency, or to make any other change that does not adversely affect the rights of any Holder of a Security. Any such consent or waiver by the Holder of this Security (unless revoked as provided in the Indenture) shall be
conclusive and binding upon such Holder and upon all future Holders and owners of this Security and any Securities which may be issued in exchange or substitution herefor, irrespective of whether or not any notation thereof is made upon this
Security or such other Securities. 
 9. Defaults and Remedies. 
 Certain events of bankruptcy or insolvency are Events of Default that will result in the principal amount of the Securities, together with premium, if any, and accrued and unpaid interest thereon,
becoming due and payable immediately upon the occurrence of such Events of 

  
 A-7

 
Default. If any other Event of Default with respect to the Securities occurs and is continuing, then in every such case the Trustee or the Holders of not less than 25% in aggregate principal
amount of the Securities then Outstanding may declare the principal amount of all the Securities, together with premium, if any, and accrued and unpaid interest thereon, to be due and payable immediately in the manner and with the effect provided in
the Indenture. Notwithstanding the preceding sentence, however, if at any time after such a declaration of acceleration has been made, the Holders of a majority in principal amount of the Outstanding Securities, by written notice to the Trustee, may
rescind such declaration and annul its consequences if the rescission would not conflict with any judgment or decree of a court already rendered and if all Events of Default with respect to the Securities, other than the nonpayment of the principal,
premium, if any, or interest which has become due solely by such acceleration, shall have been cured or shall have been waived. No such rescission shall affect any subsequent default or shall impair any right consequent thereon. Holders of
Securities may not enforce the Indenture or the Securities except as provided in the Indenture. The Trustee may require reasonable indemnity or security before it enforces the Indenture or the Securities. Subject to certain limitations, Holders of a
majority in aggregate principal amount of the Securities then outstanding may direct the Trustee in its exercise of any trust or power. 

10. Trustee Dealings with Partnership. 
 The Trustee under the Indenture, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the Partnership or its Affiliates or any subsidiary of the
Partnership’s Affiliates, and may otherwise deal with the Company or its Affiliates as if it were not the Trustee. 
 11.
Authentication. 
 This Security shall not be valid until the Trustee signs the certificate of authentication on the other
side of this Security. 
 12. Abbreviations and Defined Terms. 
 Customary abbreviations may be used in the name of a Holder of a Security or an assignee, such as: TEN COM (tenant in common), TEN ENT (tenants by the entireties), JT TEN (joint tenants with right of
survivorship and not as tenants in common), CUST (Custodian), and U/G/M/A (Uniform Gifts to Minors Act). 
 13. CUSIP Numbers.

 Pursuant to a recommendation promulgated by the Committee on Uniform Note Identification Procedures, the Partnership has
caused CUSIP numbers to be printed on the Securities as a convenience to the Holders of the Securities. No representation is made as to the accuracy of such number as printed on the Securities and reliance may be placed only on the other
identification numbers printed hereon. 

  
 A-8

 14. Absolute Obligation. 
 No reference herein to the Indenture and no provision of this Security or the Indenture shall alter or impair the obligation of the Partnership, which is absolute and unconditional, to pay the principal
of, premium, if any, and interest on this Security in the manner, at the respective times, at the rate and in the coin or currency herein prescribed. 
 15. No Recourse. 
 The General Partner and its directors, officers,
employees and members, as such, shall have no liability for any obligations of any Subsidiary Guarantor, the Guarantor or the Partnership under the Securities, the Indenture or any Guarantee or for any claim based on, in respect of, or by reason of,
such obligations or their creation. Each Holder by accepting the Securities waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Securities. 

16. Governing Law. 
 This
Security shall be construed in accordance with and governed by the laws of the State of New York. 
 17. Guarantee. 

The Securities are fully and unconditionally guaranteed on an unsecured, unsubordinated basis by the Guarantor as set forth in Article XIV
of the Indenture, as noted in the Notation of Guarantee affixed to this Security, and under certain circumstances set forth in the Seventh Supplemental Indenture one or more Subsidiaries of the Partnership may be required to join in such Guarantee.

 18. Reliance. 

The Holder, by accepting this Security, acknowledges and affirms that (i) it has purchased the Security in reliance upon the
separateness of the Guarantor and the general partner of the Guarantor from each other and from any other Persons, and (ii) the Guarantor and the general partner of Guarantor have assets and liabilities that are separate from those of each
other and of any other Persons. 

  
 A-9

 NOTATION OF GUARANTEE 

The Guarantor (which term includes any successor Person under the Indenture), has fully, unconditionally and absolutely guaranteed, to
the extent set forth in the Indenture and subject to the provisions in the Indenture, the due and punctual payment of the principal of, and premium, if any, and interest on the Securities and all other amounts due and payable under the Indenture and
the Securities by the Partnership. 
 The obligations of the Guarantor to the Holders of Securities and to the Trustee pursuant
to its Guarantee and the Indenture are expressly set forth in Article XIV of the Indenture and reference is hereby made to the Indenture for the precise terms of the Guarantee. 

 

			
	SUNOCO LOGISTICS PARTNERS L.P.
		
	By:	 	SUNOCO PARTNERS LLC,
		 	its General Partner
		
	By: 	 	 
		 	Name:
		 	Title:

  
 A-10

 ABBREVIATIONS 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written
out in full according to applicable laws or regulations: 
  

					
			
	        TEN CO	  	—	  	as tenants in common
			
	        TEN ENT	  	—	  	as tenants by entireties
			
	        JT TEN	  	—	  	as joint tenants with right of survivorship and not as tenants in common
			
	        UNIF GIFT MIN ACT —	  		  	
			
		  		  	 (Cust.)

			
	        Custodian for:	  		  	
			
		  		  	 (Minor)

			
	        under Uniform Gifts to Minors Act of	  		  	
			
		  		  	 (State)

 Additional abbreviations may also be used though not in the above list. 

  
 A-11

 ASSIGNMENT 
 FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 
  

 
 Please print or type name, Social
Security or other identifying number and address 
 including postal zip code of assignee 

 
  
 the within Security and all rights thereunder, hereby irrevocably constituting and appointing 
  

 
 to transfer said Security on the
books of the Partnership, with full power of substitution in the premises. 
  

					
	  
	 	          
	  	 
	Dated	 		  	Registered Holder

 Signature Guarantee:*
                                         
                                         
           
  

	*	Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Trustee, which requirements include membership or
participation in the Securities Transfer Association Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Trustee in addition to, or in substitution for, STAMP, all in
accordance with the Securities Exchange Act of 1934, as amended. 

  
 A-12

 SCHEDULE OF INCREASES OR DECREASES 

IN GLOBAL SECURITY 
 The following increases or decreases in this Global Security have been made: 
  

									
	 Date of Exchange
	  	Amount of Decrease
in Principal 
Amount
of this Global
Security	  	Amount of Increase
in Principal 
Amount
of this Global
Security	  	Principal Amount of
this Global 
Security
following such
decrease 
(or
increase)	  	Signature of
authorized officer of
Trustee or
Depositary

  

  
 A-13

 Annex A 

FORM OF SUPPLEMENTAL INDENTURE 
 This Supplemental Indenture, dated as of (this “Supplemental Indenture”), is among [name of future Subsidiary Guarantor] (the “Additional Guarantor”), Sunoco Logistics Partners
Operations L.P., a Delaware limited partnership (the “Partnership”), Sunoco Logistics Partners L.P., a Delaware limited partnership (the “Guarantor”), each other then existing Subsidiary Guarantor, if any, under the Indenture
referred to below, and U.S. Bank National Association, as Trustee under the Indenture referred to below. 
 WITNESSETH:

 WHEREAS, the Partnership, the Guarantor, the Subsidiary Guarantors named therein and the Trustee have heretofore executed
and delivered an Indenture, dated as of December 16, 2005 (as supplemented and amended by the Seventh Supplemental Indenture thereto dated as of January 10, 2013, the “Indenture”), providing for the issuance of an aggregate
principal amount of $350,000,000 of 3.45% Senior Notes due 2023 of the Partnership (the “Securities”); 
 WHEREAS,
Section 4.14 of the Indenture provides that under certain circumstances the Partnership is required to cause the Additional Guarantor to execute and deliver to the Trustee a supplemental indenture pursuant to which the Additional Guarantor
shall unconditionally guarantee the Securities pursuant to the Guarantee set forth in Section 14.01 of the Indenture on the terms and conditions set forth herein; and 
 WHEREAS, pursuant to Section 9.01(g) of the Indenture, the Partnership, the Guarantor, any other then existing Subsidiary Guarantors and the Trustee are authorized to execute and deliver this
Supplemental Indenture to amend the Indenture, without the consent of any Holder of the Securities; 
 NOW, THEREFORE, in
consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Additional Guarantor, the Partnership, the Guarantor, [the existing Subsidiary Guarantors] and the Trustee mutually
covenant and agree for the equal and ratable benefit of the Holders of the Securities as follows: 
 ARTICLE I 

DEFINITIONS 
 Section 1.01 Defined Terms. As used in this Supplemental Indenture, terms defined in the Indenture or in the preamble or recitals hereto are used herein as therein defined. The words
“herein,” “hereof’ and “hereby’ and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular section hereof. 

  
 Annex-1

 ARTICLE II 
 AGREEMENT TO BE BOUND; GUARANTEE 
 Section 2.01 Agreement to be
Bound. The Additional Guarantor hereby becomes a party to the Indenture as a Subsidiary Guarantor and as such will have all of the rights and be subject to all of the obligations and agreements of a Subsidiary Guarantor under the Indenture.

 The Additional Guarantor agrees to be bound by all of the provisions of the Indenture applicable to a Subsidiary Guarantor
and to perform all of the obligations and agreements of a Subsidiary Guarantor under the Indenture. 
 Section 2.02
Guarantee. The Additional Guarantor hereby fully, unconditionally and absolutely guarantees, jointly and severally with any other Subsidiary Guarantor and the Guarantor, to each Holder of the Securities and the Trustee, the due and punctual
payment of the principal of, and premium, if any, and interest on the Securities and all other amounts due and payable under the Indenture and the Securities by the Partnership, when and as such principal, premium, if any, and interest shall become
due and payable, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise, according to the terms of the Securities and Article XIV of the Indenture. 

ARTICLE III 

MISCELLANEOUS 
 Section 3.01 Parties. Nothing expressed or mentioned herein is intended or shall be construed to give any Person, other than the Holders and the Trustee, any legal or equitable tight, remedy
or claim under or in respect of this Supplemental Indenture or the Indenture or any provision herein or therein contained. 

Section 3.02 Governing Law. This Supplemental Indenture shall be governed by, and construed in accordance with, the laws of
the State of New York. 
 Section 3.03 Severability Clause. In case any provision in this Supplemental Indenture
shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and such provision shall be ineffective only to the extent of such invalidity,
illegality or unenforceability. 
 Section 3.04 Ratification of Indenture; Supplemental Indenture Part of Indenture.
Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture
for all purposes, and every Holder of Securities heretofore or hereafter authenticated and delivered shall be bound hereby. The Trustee makes no representation or warranty as to the validity or sufficiency of this Supplemental Indenture. 

Section 3.05 Counterparts. The parties hereto may sign one or more copies of this Supplemental Indenture in counterparts, all
of which together shall constitute one and the same agreement. 
 Section 3.06 Headings. The headings of the
Articles and the sections in this Supplemental Indenture are for convenience of reference only and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof. 

  
 Annex-2

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

			
	[ADDITIONAL GUARANTOR]
		
	By: 	 	 
		 	Name:
		 	Title:
	
	SUNOCO LOGISTICS PARTNERS OPERATIONS L.P.
		
	By: 	 	SUNOCO LOGISTICS PARTNERS GP LLC,
		 	its General Partner
		
	By:	 	 
		 	Name:
		 	Title:
	
	SUNOCO LOGISTICS PARTNERS L.P.
		
	By:	 	SUNOCO PARTNERS LLC, its General Partner
		
	By: 	 	 
		 	Name:
		 	Title:
	
	[EACH EXISTING SUBSIDIARY GUARANTOR]
		
	By: 	 	 
		 	Name:
		 	Title:
	
	U.S. BANK NATIONAL ASSOCIATION, as Trustee
		
	By: 	 	 
		 	Name:
		 	Title:

  
 Annex-3

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