Document:

Exhibit 10.1

 

Senior
Executive EMPLOYMENT AGREEMENT

 

This Senior Executive
Employment Agreement (the “Agreement”) is entered into as of this 18th day of December, 2013 by and between
Rick Gibbs (“Executive”) and Dealertrack Technologies, Inc, a Delaware corporation (“Employer”)
with principal offices at 1111 Marcus Avenue, Suite M04, Lake Success, NY 11042.

 

Section 1.Term;
Effectiveness of Agreement

 

(a)Employer
shall continue to employ Executive and Executive agrees to continue such employment, upon the terms and conditions hereinafter
set forth, from the Effective Date (as such term is defined below) through and including December 18, 2015 (the “Initial
Term”). This Agreement shall renew automatically for successive one year periods (each, a “Renewal Term”)
unless one party gives notice to the other party, in writing, at least sixty (60) days prior to the expiration of this Agreement
(or any renewal) of its desire to terminate the Agreement. The term of this Agreement, including the Initial Term and any Renewal
Term, shall be referred to herein as the “Term”.

 

(b)This Agreement
shall be effective immediately following the closing of the merger pursuant to that certain Agreement and Plan of Merger, dated
as of the date hereof, made by and among Dealer.com, a Vermont corporation, Employer, and the other parties thereto (the “Merger
Agreement”, and the date on which such closing occurs, the “Effective Date”) and shall govern the
employment relationship between Executive and Employer from and after the Effective Date and, as of the Effective Date, supersedes
and negates all previous agreements with respect to such relationship, including without limitation, [List of current employment
agreements] (the “Prior Agreements”); provided that, in the event that the Merger Agreement terminates without
the closing having occurred, this Agreement shall automatically terminate without becoming effective and be of no further force
or effect, Executive shall not become employed by Employer, and the Prior Agreements shall remain in effect.

 

Section 2.Executive’s
Duties

 

(a)Executive
shall be either Executive Vice President, Group President Digital Marketing and Media Solutions or Group President Marketing and
Retailing solutions or such other title mutually agreed to by Executive and Employer and shall report directly to Employer’s
Chief Executive Officer or his designee. Executive shall faithfully and diligently perform his duties at the direction of Employer’s
Chief Executive Officer, or his designee, to the best of Executive’s ability. Executive shall (i) devote his best efforts,
skill, and ability and full business time and attention to the performance of the services customarily incident to such office,
subject to vacations and sick leave as provided herein and in accordance with Employer policy, (ii) carry out his duties in
a competent and professional manner; and (iii) generally promote the interests of Employer. Subject to applicable law, Executive
shall not knowingly participate in any activity that is detrimental to the interests of Employer or any of its affiliates, including,
without limitation, any public criticism or disparagement of any type by Executive, through the media or otherwise, of Employer
or any of its affiliates or employees, except in connection with the exercise of Executive’s rights against Employer or any
of its affiliates.

 

    	 

    	 

    

  

(b)Executive
agrees to abide by all policies applicable to senior executive officers of Employer promulgated from time to time by Employer,
which policies are enforced uniformly and applicable to all similar executives of Employer.

 

(c) Except
for such business travel as may be incident to his duties hereunder, Executive shall perform his duties at Employer’s offices
in Burlington, Vermont or at such other location as may be mutually agreed by Employer and Executive.

 

Section 3.Compensation
for Executive’s Services

 

In consideration of the
duties and services to be performed by Executive pursuant to Sections 1 and 2 hereof, Executive shall receive:

 

(a)Salary.
Executive shall earn salary (the “Salary”) at the annual rate of Three Hundred and Forty Thousand Dollars ($340,000.00)
(the “Minimum Salary”), less all applicable federal, state, and local tax withholdings. Such Salary shall be
earned and shall be payable in periodic installments in accordance with Employer’s payroll practices. During the Term, the
Board of Directors of Employer (the “Board”) or the Compensation Committee of the Board (the “Compensation
Committee”) will review the Salary annually and may in its discretion increase the Salary, but may not reduce it during
the Term unless Employer institutes salary reductions across the board; provided, however, that in no event shall the Salary be
reduced below the Minimum Salary without Executive’s written consent.

 

(b)Bonus.
For each fiscal year of Employer (each, a “Fiscal Year”), Executive shall be entitled to receive a cash performance
bonus (a “Bonus”) which shall be based on the achievement of certain performance benchmarks by Employer during
such Fiscal Year which shall be determined by the Board. The Board shall review the target Bonus on an annual basis and, in its
sole discretion, may increase such target Bonus for any Fiscal Year. The target Bonus shall not be decreased except in connection
with company-wide bonus reductions. The target Bonus for any Fiscal Year shall be at least sixty five (65%) percent of the Salary
for such Fiscal Year. The Bonus for each Fiscal Year shall be paid, if at all, to Executive on a schedule consistent with Employer’s
bonus payments to its other similarly situated senior executive officers by no later than two and one half (21⁄2) months following
the end of such Fiscal Year. Executive understands and agrees that the Bonus are each established in part as an inducement for
Executive to remain employed by Employer and except as provided in Section 5(c) of this Agreement, or in the Employer’s sole
discretion, in the event that Executive’s employment is terminated prior to the end of any Fiscal Year during the Term, then
Executive shall not receive payment of any Bonus or Additional Bonus for such year.

 

 

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(c)Equity.
In connection with Executive’s employment Executive may be granted Stock Options (“Stock Options”) or
other equity based awards pursuant to the terms of the Dealertrack Technologies, Inc. 2005 Incentive Award Plan, effective as of
May 26, 2005, as amended (the “2005 Incentive Award Plan”), or any other successor equity incentive plans (collectively,
the “Stock Incentive Plans”). On the Effective date, Executive shall be awarded $666,667 in equity awards consisting
of 1/2 Stock Options and 1/2 Restricted Stock Units, all subject to the terms and conditions of the agreements governing such awards.
On the later of the Effective date or the granting by the Compensation Committee of Long Term Incentive Plan Restricted Stock Units
to Employer’s executive officers, Executive shall be awarded $333,333 in Long Term Incentive Plan Restricted Stock Units,
subject to the terms and conditions of the agreements governing such awards, including but not limited to the performance goals
approved by the Compensation Committee Except as otherwise provided herein, the terms of the Stock Options shall be governed by
the Stock Incentive Plans. Executive shall be credited with twenty-four (24) months accelerated vesting of his Stock Options upon
termination of Executive’s employment by: (1) Employer without Cause (as defined below); or (2) Executive for Good
Reason (as defined below). Executive shall be credited with thirty-six (36) months accelerated vesting of his Stock Options upon
a Change of Control (defined below). Executive shall be credited with full acceleration and vesting of his Stock Options upon the
earlier of: (1) the elimination of Executive’s position or a termination of Executive’s employment, in either
event, within twelve (12) months after a Change of Control; (2) a material negative change in Executive’s compensation
or responsibilities within twelve (12) months after a Change of Control; or (3) the requirement that Executive be based at
a location which is more than fifty (50) miles from Burlington, VT within twelve (12) months after a Change of Control. Anything
in the Stock Incentive Plans to the contrary notwithstanding, if Executive’s employment is terminated by Executive with Good
Reason or by Employer without Cause, or under circumstances described above which would result in certain accelerated vesting of
any unvested Stock Options held by Executive, the unexercised portion of any Stock Options held by Executive will not terminate
until the twelve (12) month anniversary of the date of termination of Executive’s employment. In the event Employer elects
to grant equity based awards other than Options, such grants shall, where appropriate, be subject to equivalent acceleration provisions
as set forth in this Section 3(c). For purposes hereof, a “Change of Control” shall mean and includes each of
the following after the Effective Date:

 

(i)A
transaction or series of transactions (other than an offering of shares of Employer to the general public through a registration
statement filed with the Securities and Exchange Commission) whereby any “person” or related “group” of
“persons” (as such terms are used in Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended)
(other than the Employer, any of its subsidiaries, an employee benefit plan maintained by the Employer or any of its subsidiaries
or a “person” that, prior to such transaction, directly or indirectly controls, is controlled by, or is under common
control with, the Employer) directly or indirectly acquires beneficial ownership (within the meaning of Rule 13d-3 under the Securities
Exchange Act of 1934, as amended) of securities of the Employer possessing more than 50% of the total combined voting power of
the Employer’s securities outstanding immediately after such acquisition; or

 

(ii)During
any period of two consecutive years, individuals who, at the beginning of such period, constitute the Board together with any new
director(s) (other than a director designated by a person who shall have entered into an agreement with the Company to effect a
transaction described in Section 3(c)(i) or Section 3(c)(iii)) whose election by the Board or nomination for election by the Employer’s
stockholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the
beginning of the two-year period or whose election or nomination for election was previously so approved, cease for any reason
to constitute a majority thereof; or

 

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(iii)The
consummation by the Employer (whether directly involving the Employer or indirectly involving the Employer through one or more
intermediaries) of (x) a merger, consolidation, reorganization, or business combination or (y) a sale or other disposition
of all or substantially all of the Employer’s assets in any single transaction or series of related transactions or (z) the
acquisition of assets or stock of another entity, in each case other than a transaction:

 

(A)Which
results in the Employer’s voting securities outstanding immediately before the transaction continuing to represent (either
by remaining outstanding or by being converted into voting securities of the Employer or the person that, as a result of the transaction,
controls, directly or indirectly, the Employer or owns, directly or indirectly, all or substantially all of the Employer’s
assets or otherwise succeeds to the business of the Employer (the Employer or such person, the “Successor Entity”))
directly or indirectly, at least a majority of the combined voting power of the Successor Entity’s outstanding voting securities
immediately after the transaction, and

 

(B)After
which no person or group beneficially owns voting securities representing 50% or more of the combined voting power of the Successor
Entity; provided, however, that no person or group shall be treated for purposes of this Section 3(c)(iii) as beneficially
owning 50% or more of combined voting power of the Successor Entity solely as a result of the voting power held in the Employer
prior to the consummation of the transaction; or

 

(iv)The
Employer’s stockholders approve a liquidation or dissolution of the Employer.

 

The Board or its designee
shall have full and final authority, which shall be exercised in its discretion, to determine conclusively whether a Change of
Control of the Employer has occurred, and the date of the occurrence of such Change of Control and any incidental matters relating
thereto.

 

(d)Benefits.
Employer shall provide Executive with the right to participate in and receive benefits from all life, accident, disability, medical
and pension plans, and all similar benefits as are from time to time in effect and are generally made available to similar situated
senior executive officers of Employer. The amount and extent of benefits to which Executive is entitled shall be governed by the
specific benefit plan, as it may be amended from time to time.

 

(e)Expenses.
Employer shall promptly reimburse Executive for reasonable expenses for cellular telephone usage, entertainment, travel, meals,
lodging and similar items incurred in the conduct of Employer’s business. Such expenses shall be reimbursed in accordance
with Employer’s expense reimbursement policies and guidelines.

 

(f)Vacation;
Sick Leave. During the Term, Executive shall be entitled to four weeks (4) weeks vacation per year, paid holidays, sick leave,
and similar benefits, to be earned and used in accordance with Employer’s policy and procedure for other similarly situated
senior executive officers.

 

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(g)Modification.
Employer reserves the right to modify, suspend or discontinue any and all of the above plans, practices, policies and programs
referenced in Sections 3(d) and (e) at any time in its discretion without recourse by Executive so long as such action is taken
generally with respect to other similarly situated senior executive officers. Any such modification, suspension or discontinuance
of the plans, practices and policies referenced in Section 3(e) will not apply to otherwise reimbursable expenses incurred by Executive
prior to any such modification, suspension or discontinuance.

 

Section 4.Termination
of Employment

 

(a)Resignation.
Executive may voluntarily terminate his employment with Employer, at any time, with or without Good Reason, upon written notice
to Employer.

 

(b)Termination.
Employer may terminate Executive’s employment at any time, with or without Cause, upon written notice to Executive.

 

(c)Death
or Disability. Executive’s employment shall terminate immediately upon Executive’s death. In the event Employer,
in good faith, determines that Executive is unable to perform the functions of his position due to a Disability (as defined below),
it may notify Executive in writing of its intention to terminate Executive’s employment and Executive’s employment
with Employer shall terminate effective on the thirtieth (30th) day after receipt of such notice by Executive. For the purposes
of this Agreement, “Disability” shall mean a physical or mental impairment that substantially limits a major
life activity of Executive and renders Executive unable to perform the essential functions of his position even with reasonable
accommodation (that does not impose an undue hardship on Employer), and which has lasted at least (i) sixty (60) consecutive days,
(ii) the balance of Executive’s entitlement to leave, if any, under the Family and Medical Leave Act, or other similar statute
or (iii) the balance of any election period under the Employer’s long term disability program (without regard to whether
Executive is awarded benefits under such program), whichever is longer. In the event the Executive disputes the Employer’s
determination of Disability, such determination shall be made by a physician jointly selected by the Employer and Executive.

 

(d)Cause.
Employer may immediately terminate Executive’s employment for “Cause” by giving written notice to Executive.
For purposes of this Agreement, “Cause” shall mean:

 

		(1)	Executive’s commission of an act of fraud or embezzlement upon Employer or any of its affiliates;
or

 

		(2)	Executive’s commission of any willful act intended to injure the reputation, business, or
any business relationship of Employer or any of its affiliates; or

 

		(3)	Executive is found by a court of competent jurisdiction to have committed a felony; or

 

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		(4)	the refusal or failure of Executive to perform Executive’s duties with Employer in a competent
and professional manner that is not cured by Executive within ten (10) business days after a written demand therefor is delivered
to Executive by the Board which specifically identifies the manner in which the Board believes that Executive has not substantially
performed Executive’s duties; provided, further, however, that if the Board, in good faith, determines that the refusal or
failure by Executive is egregious in nature or is not susceptible of cure, then no cure period shall be required hereunder; or

 

		(5)	the refusal or failure of Executive to comply with any of his material obligations under this Agreement
(including any exhibit hereto) that is not cured by Executive within ten (10) business days after a written demand therefor is
delivered to Executive by the Board which specifically identifies the manner in which the Board believes Executive has materially
breached this Agreement; provided, further, however, that if the Board, in good faith, determines that the refusal or failure by
Executive is egregious in nature or is not susceptible of cure, then no cure period shall be required hereunder.

 

(e)Good
Reason. Executive may terminate his employment for “Good Reason,” by delivering written notice of such termination
(“Employer Default Notice”) to Employer within sixty (60) days of the occurrence of any of the following events,
each of which shall constitute Good Reason: (i) Employer’s material breach of any provision of this Agreement, the Stock
Incentive Plans or any agreements thereunder, which has not been cured within the allotted time other than a change as set forth
in (ii); (ii) there is a change in your then current title, status, authority, responsibility or duties, and following such
change(s), your title is no longer at least Executive Vice President or you no longer have responsibility for businesses with budgeted
revenue for the then current fiscal year of at least $200 million. (iii) any material reduction in Executive’s salary or
benefits (including any “across the board” reduction except an across the board reduction that is made with the concurrence
of a majority of the executive management team); (iv) the failure of any successor entity to assume the terms of this Agreement
upon any Change of Control; (v) the relocation of Executive to a facility or location more than fifty (50) miles from Burlington,
VT; or (vi) the failure of Employer to renew this Agreement upon the expiration of the Initial Term or any Renewal Term. The Employer
Default Notice shall specify the reason for Executive’s belief that an event constituting Good Reason has occurred. Notwithstanding
the foregoing, any material breach of this Agreement by Employer, or other event constituting Good Reason, shall not constitute
Good Reason if any such breach or other event is cured or corrected by Employer within thirty (30) days following delivery to Employer
of the Employer Default Notice.

 

(f)Continuing
Obligations. Executive acknowledges and agrees that any termination under this Section 4 is not intended, and shall not be
deemed or construed, to affect in any way any of Executive’s covenants and obligations contained in Sections 6, 7, and 8
hereof, which shall continue in full force and effect beyond such termination for any reason.

 

 

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Section 5.Termination
Obligations

 

(a)Resignation.
If Executive’s employment is terminated voluntarily by Executive without Good Reason, Executive’s employment shall
terminate without further obligations to Executive other than for payment of the sum of any unpaid Salary determined by the Board
and reimbursable expenses and vacation accrued and owing to Executive prior to the termination. The sum of such amounts shall hereinafter
be referred to as the “Accrued Obligations,” which shall be paid to Executive or Executive’s estate or
beneficiary within thirty (30) days of the date of termination. If Executive voluntarily terminates his employment without Good
Reason and within (30) days of such termination, Employer determines that it would have had Cause to terminate Executive pursuant
to Section 4(d), Executive shall be deemed to have been terminated for Cause and the terms of Section 5(b) shall apply.

 

(b)Cause.
If Executive’s employment is terminated by Employer for Cause, this Agreement shall terminate without further obligations
to Executive other than for the timely payment of Accrued Obligations. If it is subsequently determined by an arbitrator, pursuant
to Section 19 hereof, that Employer did not have Cause for termination, then Employer’s decision to terminate shall be deemed
to have been made without Cause and the terms of Section 5(c) shall apply.

 

(c)By
Employer Other than for Cause; Death or Disability; By Executive for Good Reason.

 

(1)If (A) Employer
terminates Executive’s employment for (x) a reason other than Cause, or (y) due to Executive’s death or Disability,
or (B) Executive terminates his employment for Good Reason, Employer shall have no further obligations to Executive other
than for (i) the payment of Accrued Obligations, (ii) severance pay in an amount equal to twelve (12) months of Salary
and payable on the sixtieth (60th) day following the Severance Commencement Date; provided, however, that in the event
that Executive’s termination of employment is within twelve (12) months after a Change of Control, such severance pay shall
be increased to an amount equal to twenty four (24) months of Salary, (iii) a pro rata bonus for the Fiscal Year in which
Executive’s employment by the Company terminates (determined by multiplying (x) Executive’s Bonus for such Fiscal Year,
determined as though Executive’s employment had not terminated during such Fiscal Year, by (y) a fraction (not greater than
one), the numerator of which is the number of days Executive is employed during such Fiscal Year up to and including the date on
which Executive’s employment by the Company terminates, and the denominator of which is 365) payable at the time that the
Company pays bonuses for such Fiscal Year to its other similarly situated senior executive officers, but in no event later than
seventy-five days following the last day of such Fiscal Year, and (iv) the reimbursement of premiums otherwise payable by Executive
pursuant to COBRA for a period of up to 12 months, or until Executive no longer is eligible for COBRA continuation coverage, whichever
is earlier. For purposes of this Section 5, “Severance Commencement Date” shall mean (x) if any stock of Employer
or its affiliates is publicly traded on an established securities market or otherwise and the Board (or its delegate) determines
that as of the date of termination of Executive’s employment that the Executive is a “key employee” (within the
meaning of Section 416(i) of the Internal Revenue Code of 1986, as amended (the “Code”), as interpreted in accordance
with Section 409A of the Code and Department of Treasury regulations and other interpretive guidance issued thereunder) and that
Section 409A of the Code applies with respect to payments to Executive pursuant to Section 5(c)(1)(ii) and (iii), the six-month
anniversary of the date of the Executive’s “separation from service” (within the meaning of Section 409A of the
Code); or (y) if the Board (or its delegate) determines that Executive is not such a “key employee” as of date of Executive’s
termination of employment (or that Section 409A of the Internal Revenue Code does not apply with respect to payments to the Executive
pursuant to Section 5(c)(1)(ii) and (iii)), the date of Executive’s termination of employment. The payments described in
this Section 5(c)(1)(i) shall be made within thirty (30) days of the date of Executive’s termination of employment.

 

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(2)If Executive
terminates his employment for Good Reason and it is subsequently determined by an arbitrator, pursuant to Section 19 hereof, that
Executive did not have Good Reason for termination, then Executive’s decision to terminate for Good Reason shall be deemed
to have been a voluntary resignation, the terms of Section 5(a) shall apply, and all monies paid to Executive pursuant to this
Section 5(c)(1), except for those monies paid pursuant to Section 5(c)(1)(i), shall be immediately returned to Employer.

 

(3)The amounts
payable pursuant to Section 5(c)(1) shall be the only amounts Executive shall receive for termination in accordance with this Section
5(c); provided, however, that no amounts shall be payable pursuant to this section 5(c) on or following the date Executive breaches
any of Sections 6, 7 or 8 of this Agreement.

 

(d)Release.
Notwithstanding anything to the contrary contained herein, no severance payments required hereunder shall be made by Employer unless
Executive executes and delivers a general release for the benefit of Employer and its affiliates in a form satisfactory to Employer,
which release shall be executed and delivered (and not revoked) promptly (and in no event more than 50 days following the Executive’s
termination). Such general release shall not apply to (i) Executive’s rights under any Stock Incentive Plan award agreements
or (ii) Executive’s rights, as applicable, to indemnification under Employer’s charter or bylaws, any indemnification
agreement or applicable law.

 

(e)Equity
Compensation Awards. Except as expressly provided herein, except for the provisions of Section 3(c) of this Agreement, the
terms of the Stock Incentive Plans and any related award agreements and/or notice of grant shall govern the termination, vesting,
and/or exercise of Executive’s stock options or other equity awards upon the termination of Executive’s employment
for any reason.

 

(f)Exclusive
Remedy. Executive agrees that the payments set forth in this Agreement shall constitute the exclusive and sole remedy for any
termination of Executive’s employment and Executive covenants not to assert or pursue any other remedies, at law or in equity,
with respect to this Agreement.

 

(g)Termination
of Executive’s Office. Following the termination of Executive’s employment for any reason, Executive shall hold
no further office or position with Employer or any of its affiliates.

 

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Section 6.Restrictions
Respecting Confidential Information

 

Executive hereby covenants
and agrees that, during his employment and thereafter, Executive will not, under any circumstance, disclose in any way any Confidential
Information (as defined below) to any other person other than (i) at the direction of and for the benefit of Employer, (ii) to
his attorney or other advisers in connection with Executive’s enforcement of his rights hereunder, provided such individuals
or entities agree to be bound by the confidentiality restrictions herein contained, and if such Confidential Information is relevant
to such enforcement action, to the court or arbitrator, as applicable, subject to a protective order. For the purposes of the foregoing,
“Confidential Information” means any information pertaining to the assets, business, creditors, vendors, manufacturers,
customers, data, employees, financial condition or affairs, formulae, licenses, methods, operations, procedures, reports, suppliers,
systems and technologies of Employer and its affiliates, including (without limitation) the contracts, patents, trade secrets and
customer lists developed or otherwise acquired by Employer and its affiliates; provided, however, that Confidential Information
shall exclude any information that was, is, or becomes publicly available other than through disclosure by Executive or any other
person known to Executive to be subject to confidentiality obligations to Employer. All Confidential Information is and will remain
the sole and exclusive property of Employer and its affiliates. Following the termination of his employment, Executive shall return
all documents and other tangible items containing Confidential Information to Employer, without retaining any copies, notes or
excerpts thereof.

 

Section 7.Proprietary
Matters

 

Executive expressly understands
and agrees that any and all improvements, inventions, discoveries, processes, or know-how that are generated or conceived by Executive
during the Term (collectively, the “Inventions”) will be the sole and exclusive property of Employer, and Executive
will, whenever requested to do so by Employer (either during the Term or thereafter), execute and assign any and all applications,
assignments and/or other instruments and do all things which Employer may deem necessary or appropriate in order to apply for,
obtain, maintain, enforce and defend patents, copyrights, trade names or trademarks of the United States or of foreign countries
for said Inventions, or in order to assign and convey or otherwise make available to Employer the sole and exclusive right, title,
and interest in and to said Inventions, applications, patents, copyrights, trade names or trademarks; provided, however, that the
provisions of this Section 7 shall not apply to an Invention that Executive developed entirely on his own time without using Employer’s
Confidential Information except for those Inventions that either (i) directly and materially relate, at the time of conception
or reduction to practice of the invention, to Employer’s business, or actual or demonstrably anticipated research or development
of Employer, or (ii) directly and materially result from any work performed by Executive for Employer. Executive shall promptly
communicate and disclose to Employer all Inventions conceived, developed or made by him during his employment by Employer, whether
solely or jointly with others, and whether or not patentable or copyrightable, (a) which relate to any matters or business
of the type carried on or being developed by Employer, or (b) which result from or are suggested by any work done by him in
the course of his employment by Employer. Executive shall also promptly communicate and disclose to Employer all material other
data obtained by him concerning the business or affairs of Employer in the course of his employment by Employer.

 

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Section 8.Nonsolicitation/Non-Compete

 

(a)Executive
agrees that throughout his employment and for a period of two (2) years following the termination of his employment for any reason,
he will not directly or indirectly, own, manage, operate, control, or participate in the ownership, management, operation, or control
of, or be connected with, or have any financial interest in, any Competitor. Ownership, for personal investment purposes only,
of not to exceed (i) individually, two (2%) percent of the outstanding capital stock of any privately held entity, or (ii) voting
stock of any publicly held corporation shall not constitute a violation hereof. For purposes of this Agreement, the term “Competitor”
shall mean any individual or entity, present or future, then providing any of the following products or services: (1) a multi-finance
source automotive finance portal, (2) electronic contracting for automotive finance or lease transactions, other than at a financing
source entity that purchases electronic contracts or leases from automotive dealers, (3) automotive lease, retail and/or balloon
payment comparison or desking tools, (4) dealer management systems (DMS), (5) any other sales or finance and insurance-related
products or services for automotive dealerships similar to any products or services offered by Employer or any of its affiliates,
(6) automotive inventory, advertising, website or customer relationship management (CRM), or (7) any other products or services
similar to any products or services offered by Employer or any of its affiliates and which product or service category accounts
for at least 15% of the consolidated revenues for the last fiscal quarter of Employer.

 

(b)Executive
agrees that during his employment with Employer and for a period of two (2) years following the termination of his employment for
any reason, he will not actively solicit for employment, consulting or any other arrangement any employee of Employer or any of
its present or future affiliates (while an affiliate).

 

(c)Executive
agrees that during his employment with Employer and for a period of two (2) years following the termination of his employment for
any reason, he will not influence or attempt to influence customers of Employer or any of its present or future affiliates, either
directly or indirectly, to divert their business to any Competitor.

 

(d)The restrictions
contained in this Section 8 are necessary for the protection of the business and goodwill of Employer and are considered by Executive
to be reasonable for such purpose. Further, Executive represents that these restrictions will not prevent him from earning a livelihood
during the restricted period.

 

(e)This Section
8 shall survive the termination or expiration of this Agreement.

 

Section 9.Equitable
Relief

 

Executive acknowledges
and agrees that Employer will suffer irreparable damage which cannot be adequately compensated by money damages in the event of
a breach, or threatened breach, of any of the terms and provisions of Sections 6, 7 and 8 of this Agreement, and that, in the event
of any such breach, or threatened breach, Employer will not have an adequate remedy at law. It is therefore agreed that Employer,
in addition to all other such rights, powers, privileges and remedies that it may have, shall be entitled to injunctive relief,
specific performance or such other equitable relief as Employer may request to enforce any of those terms and provisions and to
enjoin or otherwise restrain any act prohibited thereby, and Executive will not raise and hereby waives any objection or defense
that there is an adequate remedy available at law. Notwithstanding the provisions of Section 19 of this Agreement, Executive agrees
that Employer shall be entitled to seek such injunctive relief, without bond, in a court of competent jurisdiction and Executive
hereby consents to the jurisdiction of the state and federal courts of New York for purposes of such an action. Executive agrees
that any claim he may have against Employer or any of its affiliates shall not constitute a defense against the issuance of any
such equitable relief. The foregoing shall not constitute a waiver of any of Employer’s rights, powers, privileges and remedies
against or in respect of a breaching party or any other person or thing under this Agreement, or applicable law.

 

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Section 10.Notice

 

Any notice, request,
demand or other communication hereunder shall be in writing, shall be delivered by hand or sent by registered or certified mail
or by reputable overnight delivery service, postage prepaid, to the addressee at the address set forth below (or at such other
address as shall be designated hereunder by written notice to the other party hereto) and shall be deemed conclusively to have
been given when actually received by the addressee.

 

All notices and other
communications hereunder shall be addressed as follows:

 

If to Executive at the address set forth in the
Employer’s payroll records.

 

If to Employer:

Dealertrack Technologies, Inc.

1111 Marcus Avenue, Suite M04

Lake Success, NY 11042

 

With a copy to:

 

General Counsel

Dealertrack Technologies, Inc.

1111 Marcus Avenue, Suite M04

Lake Success, NY 11042

 

or to such other address as either party shall have furnished
to the other in writing in accordance herewith.

 

Section 11.Legal
Counsel

 

In entering into this
Agreement, the parties represent that they have relied upon the advice of their attorneys, who are attorneys of their own choice,
and that the terms of this Agreement have been completely read and explained to them by their attorneys, and that those terms are
fully understood and voluntarily accepted by them.

 

    	10

    	 

    

 

Section 12.Section
and Other Headings

 

The section and other
headings contained in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this
Agreement.

 

Section 13.Governing
Law

 

This Agreement has been
executed and delivered, and shall be governed by and construed in accordance with the applicable laws pertaining, in the State
of New York, without regard to conflicts of laws principles.

 

Section 14.Severability

 

In the event that any
term or provision of this Agreement shall be finally determined to be superseded, invalid, illegal or otherwise unenforceable pursuant
to applicable law by a governmental authority having jurisdiction and venue, that determination shall not impair or otherwise affect
the validity, legality or enforceability, to the maximum extent permissible by law, (a) by or before that authority of the
remaining terms and provisions of this Agreement, which shall be enforced as if the unenforceable term or provision were deleted,
or (b) by or before any other authority of any of the terms and provisions of this Agreement.

 

Section 15.Counterparts

 

This Agreement may be
executed in two counterpart copies of the entire document or of signature pages to the document, each of which may be executed
by one of the parties hereto, but all of which, when taken together, shall constitute a single agreement binding upon both of the
parties hereto.

 

Section 16.Benefit

 

This Agreement shall
be binding upon and inure to the benefit of the respective parties hereto and their legal representatives, successors and assigns.
Insofar as Executive is concerned, this Agreement, being personal, cannot be assigned; provided, however, that should Executive
become entitled to payment pursuant to Section 5 hereof, he may assign his rights to such payment to his legal representatives,
successors, and assigns. Without limiting the generality of the foregoing, all representations, warranties, covenants and other
agreements made by or on behalf of Executive in this Agreement shall inure to the benefit of the successors and assigns of Employer.

 

Section 17.Modification

 

This Agreement may not
be amended or modified other than by a written agreement executed by all parties hereto.

 

Section 18.Entire
Agreement

 

Except as provided in
Section 5(e) hereof, this Agreement contains the entire agreement of the parties and supersedes all other representations, warranties,
agreements and understandings, oral or otherwise, among the parties with respect to the matters contained herein, including any
prior employment agreements between Executive and Employer or any affiliate of Employer, including, without limitation, the Prior
Agreement.

 

    	11

    	 

    

 

 

Section 19.Arbitration

 

(a)Executive
agrees that any dispute or controversy arising out of, relating to, or in connection with this Agreement or the termination thereof,
or the interpretation, validity, construction, performance, breach, or termination thereof, shall be settled by expedited, binding
arbitration to be held in New York, New York in accordance with the National Rules for the Resolution of Employment Disputes then
in effect of the American Arbitration Association (the “Rules”). The arbitrator may grant injunctions or other
relief in such dispute or controversy. The decision of the arbitrator shall be final, conclusive and binding on the parties to
the arbitration. Judgment may be entered on the arbitrator’s decision in any court having jurisdiction. The arbitrator may
award the prevailing party its reasonable attorney’s fees.

 

(b)The arbitrator
shall apply New York law to the merits of any dispute or claim, without reference to rules of conflicts of law. The arbitration
proceedings shall be governed by federal arbitration law and by the Rules, without reference to state arbitration law.

 

(c)EXECUTIVE
HAS READ AND UNDERSTANDS THIS SECTION, WHICH DISCUSSES ARBITRATION. EXECUTIVE UNDERSTANDS THAT BY SIGNING THIS AGREEMENT, EXECUTIVE
IS AGREEING TO SUBMIT ANY CLAIMS ARISING OUT OF, RELATING TO, OR IN CONNECTION WITH THIS AGREEMENT, OR THE INTERPRETATION, VALIDITY,
CONSTRUCTION, PERFORMANCE, BREACH OF TERMINATION THEREOF, TO BINDING ARBITRATION, AND THAT THIS ARBITRATION CLAUSE CONSTITUTES
A WAIVER OF EXECUTIVE’S RIGHT TO A JURY TRIAL AND RELATES TO THE RESOLUTION OF ALL DISPUTES RELATING TO ALL ASPECTS OF THE
EMPLOYER/EMPLOYEE RELATIONSHIP INCLUDING, BUT NOT LIMITED TO, STATUTORY DISCRIMINATION CLAIMS.

 

Section 20.Representations
and Warranties of Executive

 

In order to induce Employer
to enter into this Agreement, Executive represents and warrants to Employer, to the best of his knowledge after the review of his
personnel files, that: (a) the execution and delivery of this Agreement by Executive and the performance of his obligations
hereunder will not violate or be in conflict with any fiduciary or other duty, instrument, agreement, document, arrangement or
other understanding to which Executive is a party or by which he is or may be bound or subject; and (b) Executive is not a
party to any instrument, agreement, document, arrangement or other understanding with any person (other than Employer) requiring
or restricting the use or disclosure of any confidential information or the provision of any employment, consulting or other services.

 

Section 21.Waiver
of Breach

 

Except as may specifically
provided herein, the failure of a party to insist on strict adherence to any term of this Agreement on any occasion shall not be
considered a waiver or deprive that party of the right thereafter to insist upon strict adherence to that term or any term of this
Agreement. Any waiver hereto must be in writing.

 

    	12

    	 

    

 

Section 22.Section
409A

 

(a)For purposes
of Section 5(c)(1) of this Agreement, a “termination of employment” shall only occur if there has been a “separation
from service” within the meaning of Treasury Regulation Section 1.409A-1(h)(1), without regard to the optional alternative
definitions available thereunder.

 

(b)It is
intended that any amounts payable under this Agreement and the Employer’s and Executive’s exercise of authority or
discretion hereunder shall comply with and avoid the imputation of any tax, penalty or interest under Section 409A. This Agreement
shall be construed and interpreted consistent with that intent.

 

Section 23. Recoupment
Policies

 

Any compensation or
award received by Executive from Employer (whether pursuant to this Agreement or otherwise) shall be subject to Employer’s
recoupment , clawback or similar policy as enacted by the Compensation Committee or Board and in effect from time to time, as well
as any similar provisions of applicable law, any of which could in certain circumstances require repayment or forfeiture of any
compensation or awards received by Executive from Employer.

 

 

[signature page follows]

 

    	13

    	 

    

 

 

IN WITNESS WHEREOF, the
parties hereto have executed and delivered this Agreement as of the date first written above.

 
	 	 	EXECUTIVE:
	 	 	 
	 	 	/s/
    Rick Gibbs
	 	 	 
		 	EMPLOYER:
	 	 	 
	 	 	By:	/s/
    Mark O’Neil
	 	 	 
	 	 	Name:	Mark
    O’Neil
	 	 	 
	 	 	Title:	Chairman
    and CEO
	 	 	 
	 	 	Date:	December
    18, 2013Form of Indenture

 Exhibit 4.2 
  

 
  
  

 
  
  

WCI COMMUNITIES, INC. 
  

 
 INDENTURE

 Dated as of                     ,
20     
  
  

Wilmington Trust, National Association 

Trustee 
  

 
  
  

 
  
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I. DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	  
	 Section 1.1.
	 	Definitions.	  	 	1	  
	 Section 1.2.
	 	Other Definitions.	  	 	5	  
	 Section 1.3.
	 	Incorporation by Reference of Trust Indenture Act.	  	 	5	  
	 Section 1.4.
	 	Rules of Construction.	  	 	6	  
		
	 ARTICLE II. THE SECURITIES
	  	 	6	  
	 Section 2.1.
	 	Issuable in Series.	  	 	6	  
	 Section 2.2.
	 	Establishment of Terms of Series of Securities.	  	 	6	  
	 Section 2.3.
	 	Execution and Authentication.	  	 	9	  
	 Section 2.4.
	 	Registrar and Paying Agent.	  	 	10	  
	 Section 2.5.
	 	Paying Agent to Hold Money in Trust.	  	 	10	  
	 Section 2.6.
	 	Securityholder Lists.	  	 	11	  
	 Section 2.7.
	 	Transfer and Exchange.	  	 	11	  
	 Section 2.8.
	 	Mutilated, Destroyed, Lost and Stolen Securities.	  	 	11	  
	 Section 2.9.
	 	Outstanding Securities.	  	 	12	  
	 Section 2.10.
	 	Treasury Securities.	  	 	13	  
	 Section 2.11.
	 	Temporary Securities.	  	 	13	  
	 Section 2.12.
	 	Cancellation.	  	 	13	  
	 Section 2.13.
	 	Defaulted Interest.	  	 	13	  
	 Section 2.14.
	 	Global Securities.	  	 	14	  
	 Section 2.15.
	 	CUSIP Numbers.	  	 	15	  
		
	 ARTICLE III. REDEMPTION
	  	 	16	  
	 Section 3.1.
	 	Notice to Trustee.	  	 	16	  
	 Section 3.2.
	 	Selection of Securities to be Redeemed.	  	 	16	  
	 Section 3.3.
	 	Notice of Redemption.	  	 	17	  
	 Section 3.4.
	 	Effect of Notice of Redemption.	  	 	17	  
	 Section 3.5.
	 	Deposit of Redemption Price.	  	 	18	  
	 Section 3.6.
	 	Securities Redeemed in Part.	  	 	18	  
		
	 ARTICLE IV. COVENANTS
	  	 	18	  
	 Section 4.1.
	 	Payment of Principal and Interest.	  	 	18	  
	 Section 4.2.
	 	SEC Reports.	  	 	18	  
	 Section 4.3.
	 	Compliance Certificate.	  	 	19	  
	 Section 4.4.
	 	Stay, Extension and Usury Laws.	  	 	19	  
		
	 ARTICLE V. SUCCESSORS
	  	 	19	  
	 Section 5.1.
	 	When Company May Merge, Etc.	  	 	19	  
	 Section 5.2.
	 	Successor Corporation Substituted.	  	 	20	  
		
	 ARTICLE VI. DEFAULTS AND REMEDIES
	  	 	20	  
	 Section 6.1.
	 	Events of Default.	  	 	20	  

  
 i 

							
	 	 	 	  	Page	 
	 Section 6.2.
	 	Acceleration of Maturity; Rescission and Annulment.	  	 	21	  
	 Section 6.3.
	 	Other Remedies.	  	 	22	  
	 Section 6.4.
	 	Collection of Indebtedness and Suits for Enforcement by Trustee.	  	 	22	  
	 Section 6.5.
	 	Trustee May File Proofs of Claim.	  	 	23	  
	 Section 6.6.
	 	Trustee May Enforce Claims Without Possession of Securities.	  	 	24	  
	 Section 6.7.
	 	Application of Money Collected.	  	 	24	  
	 Section 6.8.
	 	Limitation on Suits.	  	 	24	  
	 Section 6.9.
	 	Unconditional Right of Holders to Receive Principal and Interest.	  	 	25	  
	 Section 6.10.
	 	Restoration of Rights and Remedies.	  	 	25	  
	 Section 6.11.
	 	Rights and Remedies Cumulative.	  	 	25	  
	 Section 6.12.
	 	Delay or Omission Not Waiver.	  	 	25	  
	 Section 6.13.
	 	Control by Holders.	  	 	26	  
	 Section 6.14.
	 	Waiver of Past Defaults.	  	 	26	  
	 Section 6.15.
	 	Undertaking for Costs.	  	 	26	  
		
	 ARTICLE VII. TRUSTEE
	  	 	27	  
	 Section 7.1.
	 	Duties of Trustee.	  	 	27	  
	 Section 7.2.
	 	Rights of Trustee.	  	 	28	  
	 Section 7.3.
	 	Individual Rights of Trustee.	  	 	30	  
	 Section 7.4.
	 	Trustee’s Disclaimer.	  	 	30	  
	 Section 7.5.
	 	Notice of Defaults.	  	 	30	  
	 Section 7.6.
	 	Reports by Trustee to Holders.	  	 	30	  
	 Section 7.7.
	 	Compensation and Indemnity.	  	 	30	  
	 Section 7.8.
	 	Replacement of Trustee.	  	 	31	  
	 Section 7.9.
	 	Successor Trustee by Merger, Etc.	  	 	32	  
	 Section 7.10.
	 	Eligibility; Disqualification.	  	 	32	  
	 Section 7.11.
	 	Preferential Collection of Claims Against Company.	  	 	33	  
		
	 ARTICLE VIII. SATISFACTION AND DISCHARGE; DEFEASANCE
	  	 	33	  
	 Section 8.1.
	 	Satisfaction and Discharge of Indenture.	  	 	33	  
	 Section 8.2.
	 	Application of Trust Funds; Indemnification.	  	 	34	  
	 Section 8.3.
	 	Legal Defeasance of Securities of any Series.	  	 	35	  
	 Section 8.4.
	 	Covenant Defeasance.	  	 	36	  
	 Section 8.5.
	 	Repayment to Company.	  	 	37	  
	 Section 8.6.
	 	Reinstatement.	  	 	38	  
		
	 ARTICLE IX. AMENDMENTS AND WAIVERS
	  	 	38	  
	 Section 9.1.
	 	Without Consent of Holders.	  	 	38	  
	 Section 9.2.
	 	With Consent of Holders.	  	 	39	  
	 Section 9.3.
	 	Limitations.	  	 	40	  
	 Section 9.4.
	 	Compliance with Trust Indenture Act.	  	 	40	  
	 Section 9.5.
	 	Revocation and Effect of Consents.	  	 	40	  
	 Section 9.6.
	 	Notation on or Exchange of Securities.	  	 	41	  
	 Section 9.7.
	 	Trustee Protected.	  	 	41	  
		
	 ARTICLE X. MISCELLANEOUS
	  	 	41	  
	 Section 10.1.
	 	Trust Indenture Act Controls.	  	 	41	  
	 Section 10.2.
	 	Notices.	  	 	42	  

  
 ii 

							
	 	 	 	  	Page	 
	 Section 10.3.
	 	Communication by Holders with Other Holders.	  	 	43	  
	 Section 10.4.
	 	Certificate and Opinion as to Conditions Precedent.	  	 	43	  
	 Section 10.5.
	 	Statements Required in Certificate or Opinion.	  	 	43	  
	 Section 10.6.
	 	Rules by Trustee and Agents.	  	 	44	  
	 Section 10.7.
	 	Legal Holidays.	  	 	44	  
	 Section 10.8.
	 	No Recourse Against Others.	  	 	44	  
	 Section 10.9.
	 	Counterparts.	  	 	44	  
	 Section 10.10.
	 	Governing Law.	  	 	44	  
	 Section 10.11.
	 	No Adverse Interpretation of Other Agreements.	  	 	45	  
	 Section 10.12.
	 	Successors.	  	 	45	  
	 Section 10.13.
	 	Severability.	  	 	45	  
	 Section 10.14.
	 	Table of Contents, Headings, Etc.	  	 	45	  
	 Section 10.15.
	 	Securities in a Foreign Currency.	  	 	45	  
	 Section 10.16.
	 	Calculations.	  	 	46	  
	 Section 10.17.
	 	Judgment Currency.	  	 	46	  
	 Section 10.18.
	 	U.S.A. Patriot Act.	  	 	47	  
	 Section 10.19.
	 	Force Majeure.	  	 	47	  
		
	 ARTICLE XI. SINKING FUNDS
	  	 	47	  
	 Section 11.1.
	 	Applicability of Article.	  	 	47	  
	 Section 11.2.
	 	Satisfaction of Sinking Fund Payments with Securities.	  	 	47	  
	 Section 11.3.
	 	Redemption of Securities for Sinking Fund.	  	 	48	  
		
	 ARTICLE XII. GUARANTEES
	  	 	48	  
	 Section 12.1.
	 	Guarantees	  	 	48	  

  
 iii 

 WCI COMMUNITIES, INC. 

Reconciliation and tie between Trust Indenture Act of 1939 and 

Indenture, dated as of                     ,
20     
  

					
	§ 310(a)(1) 	 		  	7.10
	(a)(2) 	 		  	7.10
	(a)(3) 	 		  	Not Applicable
	(a)(4) 	 		  	Not Applicable
	(a)(5) 	 		  	7.10
	(b) 	 		  	7.10
	§ 311(a) 	 		  	7.11
	(b) 	 		  	7.11
	(c) 	 		  	Not Applicable
	§ 312(a) 	 		  	2.6
	(b) 	 		  	10.3
	(c) 	 		  	10.3
	§ 313(a) 	 		  	7.6
	(b)(1) 	 		  	7.6
	(b)(2) 	 		  	7.6
	(c)(1) 	 		  	7.6
	(d) 	 		  	7.6
	§ 314(a) 	 		  	4.2, 10.5
	(b) 	 		  	Not Applicable
	(c)(1) 	 		  	10.4
	(c)(2) 	 		  	10.4
	(c)(3) 	 		  	Not Applicable
	(d) 	 		  	Not Applicable
	(e) 	 		  	10.5
	(f) 	 		  	Not Applicable
	§ 315(a) 	 		  	7.1
	(b) 	 		  	7.5
	(c) 	 		  	7.1
	(d) 	 		  	7.1
	(e) 	 		  	6.14
	§ 316(a) 	 		  	2.10
	(a)(1)(A) 	 		  	6.12
	(a)(1)(B) 	 		  	6.13
	(b) 	 		  	6.8
	§ 317(a)(1) 	 		  	6.3
	(a)(2) 	 		  	6.4
	(b) 	 		  	2.5
	§ 318(a) 	 		  	10.1

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

  
 iv 

 Indenture dated as of
                    , 20     between WCI Communities, Inc., a company incorporated under the laws of Delaware
(“Company”), and Wilmington Trust, National Association, a national banking association, as trustee (“Trustee”). 

Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Securities issued
under this Indenture. 
 ARTICLE I. 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.1. Definitions. 

“Additional Amounts” means any additional amounts which are required hereby or by any Security, under circumstances specified
herein or therein, to be paid by the Company in respect of certain taxes imposed on Holders specified herein or therein and which are owing to such Holders. 

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

“Agent” means any Registrar, Paying Agent or Notice Agent. 

“Board of Directors” means the board of directors of the Company or any duly authorized committee thereof. 

“Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have
been adopted by the Board of Directors or pursuant to authorization by the Board of Directors and to be in full force and effect on the date of the certificate and delivered to the Trustee. 

“Business Day” means, unless otherwise provided by Board Resolution, Officer’s Certificate or supplemental indenture
hereto for a particular Series, any day except a Saturday, Sunday or a legal holiday in The City of New York, New York (or in connection with any payment, the place of payment) on which banking institutions are authorized or required by law,
regulation or executive order to close. 
 “Capital Stock” means any and all shares, interests, participations, rights or
other equivalents (however designated) of corporate stock. 
 “Company” means the party named as such above until a
successor replaces it and thereafter means the successor. 

 “Company Order” means a written order signed in the name of the Company by an
Officer. 
 “Corporate Trust Office” means the office of the Trustee specified in Section 10.1 hereof or such other
address as to which the Trustee may give notice of to the Company. 
 “Default” means any event which is, or after notice
or passage of time or both would be, an Event of Default. 
 “Depositary” means, with respect to the Securities of any
Series issuable or issued in whole or in part in the form of one or more Global Securities, the person designated as Depositary for such Series by the Company, which Depositary shall be a clearing agency registered under the Exchange Act; and if at
any time there is more than one such person, “Depositary” as used with respect to the Securities of any Series shall mean the Depositary with respect to the Securities of such Series. 

“Discount Security” means any Security that provides for an amount less than the stated principal amount thereof to be due
and payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.2. 
 “Dollars” and
“$” means the currency of The United States of America. 
 “Exchange Act” means the Securities Exchange
Act of 1934, as amended. 
 “Foreign Currency” means any currency or currency unit issued by a government other than the
government of The United States of America. 
 “Foreign Government Obligations” means, with respect to Securities of any
Series that are denominated in a Foreign Currency, direct obligations of, or obligations guaranteed by, the government that issued or caused to be issued such currency for the payment of which obligations its full faith and credit is pledged and
which are not callable or redeemable at the option of the issuer thereof. 
 “GAAP” means accounting principles generally
accepted in the United States of America set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting
Standards Board or in such other statements by such other entity as have been approved by a significant segment of the accounting profession, which are in effect as of the date of determination. 

“Global Security” or “Global Securities” means a Security or Securities, as the case may be, in the form
established pursuant to Section 2.2 evidencing all or part of a Series of Securities, issued to the Depositary for such Series or its nominee, and registered in the name of such Depositary or nominee. 

“Guarantee” means a guarantee of any Securities by a Guarantor as contemplated by Article XII, provided that the term
“Guarantee,” when used with respect to any Security or with respect to any Series of Securities means a guarantee of such Security or of such Series of Securities, respectively, by a Guarantor of such Security or such Series of Securities,
respectively, as contemplated by Article XII. 

  
 2 

 “Guarantor” means any person that issues a Guarantee of any Security of any
Series, either on the date such Security is issued or after such date, in accordance with or pursuant to the terms of this Indenture, provided that, upon the release and discharge of such person from its Guarantee in accordance with or pursuant to
this Indenture, such person shall cease to be a Guarantor. 
 “Guarantor Order” means a written order signed in the name of
the Guarantor by an Officer thereof. 
 “Holder” or “Securityholder” means a person in whose name a
Security is registered. 
 “Indenture” means this Indenture as amended or supplemented from time to time and shall include
the form and terms of particular Series of Securities established as contemplated hereunder. 
 “interest” with respect to
any Discount Security which by its terms bears interest only after Maturity, means interest payable after Maturity. 

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

“Officer” means the Chief Executive Officer, President, the Chief Financial Officer, the Treasurer or any Assistant
Treasurer, the Secretary or any Assistant Secretary, and any Vice President of the Company (in the case of an Officer’s Certificate to be delivered by a Guarantor, and in the case of a Guarantor Order, of such Guarantor). 

“Officer’s Certificate” means a certificate signed by any one Officer. 

“Opinion of Counsel” means a written opinion of legal counsel who is acceptable to the Trustee. The counsel may be an
employee of or counsel to the Company or any Guarantor. 
 “person” means any individual, corporation, partnership, joint
venture, association, limited liability company, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 

“principal” of a Security means the principal of the Security plus, when appropriate, the premium, if any, on, and any
Additional Amounts in respect of, the Security. 
 “Responsible Officer” means, when used with respect to the Trustee, any
officer within the corporate trust department of the Trustee, including any vice president, assistant vice president, assistant treatsurer, trust officer or any other officer of the Trustee who customarily performs functions similar to those
performed by the persons who at the time shall be such 

  
 3 

 
officers, respectively, in each case, having direct responsibility for the administration of this Indenture or to whom such matter with respect to this Indenture is referred because of such
person’s knowledge of and familiarity with the particular subject. 
 “SEC” means the Securities and Exchange
Commission. 
 “Securities” means the debentures, notes or other debt instruments of the Company of any Series
authenticated and delivered under this Indenture. 
 “Series” or “Series of Securities” means each series
of debentures, notes or other debt instruments of the Company created pursuant to Sections 2.1 and 2.2 hereof. 
 “Stated
Maturity” when used with respect to any Security, means the date specified in such Security as the fixed date on which the principal of such Security or interest is due and payable. 

“Subsidiary” of any specified person means any corporation, association or other business entity of which more than 50% of
the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by such
person or one or more of the other Subsidiaries of that person or a combination thereof. 
 “TIA” means the Trust Indenture
Act of 1939 (15 U.S. Code §§ 77aaa-77bbbb) as in effect on the date of this Indenture; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “TIA” means, to the extent
required by any such amendment, the Trust Indenture Act as so amended. 
 “Trustee” means the person named as the
“Trustee” in the first paragraph of this instrument until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each person who is then
a Trustee hereunder, and if at any time there is more than one such person, “Trustee” as used with respect to the Securities of any Series shall mean the Trustee with respect to Securities of that Series. 

“U.S. Government Obligations” means securities which are direct obligations of, or guaranteed by, The United States of
America for the payment of which its full faith and credit is pledged and which are not callable or redeemable at the option of the issuer thereof, and shall also include a depositary receipt issued by a bank or trust company as custodian with
respect to any such U.S. Government Obligation or a specific payment of interest on or principal of any such U.S. Government Obligation held by such custodian for the account of the holder of a depository receipt, provided that (except as
required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligation evidenced by such
depositary receipt. 

  
 4 

 Section 1.2. Other Definitions. 

 

					
	 TERM
	  	DEFINED IN
SECTION	 
	 “Bankruptcy Law”
	  	 	6.1	  
	 “Custodian”
	  	 	6.1	  
	 “Event of Default”
	  	 	6.1	  
	 “Judgment Currency”
	  	 	10.16	  
	 “Legal Holiday”
	  	 	10.7	  
	 “mandatory sinking fund payment”
	  	 	11.1	  
	 “Market Exchange Rate”
	  	 	10.15	  
	 “New York Banking Day”
	  	 	10.16	  
	 “Notice Agent”
	  	 	2.4	  
	 “optional sinking fund payment”
	  	 	11.1	  
	 “Paying Agent”
	  	 	2.4	  
	 “Registrar”
	  	 	2.4	  
	 “Required Currency”
	  	 	10.16	  
	 “successor person”
	  	 	5.1	  

 Section 1.3. Incorporation by Reference of Trust Indenture Act. 

Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture. The
following TIA terms used in this Indenture have the following meanings: 
 “Commission” means the SEC. 

“indenture securities” means the Securities. 

“indenture security holder” means a Securityholder. 

“indenture to be qualified” means this Indenture. 

“indenture trustee” or “institutional trustee” means the Trustee. 

“obligor” on the indenture securities means the Company (and, if such indenture securities are guaranteed by any Guarantor,
each such Guarantor) and any successor obligor upon the Securities. 
 All other terms used in this Indenture that are defined by the TIA,
defined by TIA reference to another statute or defined by SEC rule under the TIA and not otherwise defined herein are used herein as so defined. 

  
 5 

 Section 1.4. Rules of Construction. 

Unless the context otherwise requires: 

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

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

(c) “or” is not exclusive; 

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

(e) provisions apply to successive events and transactions. 

ARTICLE II. 
 THE SECURITIES 

Section 2.1. Issuable in Series. 

The aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited. The Securities may be
issued in one or more Series. All Securities of a Series shall be identical except as may be set forth or determined in the manner provided in a Board Resolution, a supplemental indenture or an Officer’s Certificate detailing the adoption of
the terms thereof pursuant to authority granted under a Board Resolution. In the case of Securities of a Series to be issued from time to time, the Board Resolution, Officer’s Certificate or supplemental indenture detailing the adoption of the
terms thereof pursuant to authority granted under a Board Resolution may provide for the method by which specified terms (such as interest rate, maturity date, record date or date from which interest shall accrue) are to be determined. Securities
may differ between Series in respect of any matters, provided that all Series of Securities shall be equally and ratably entitled to the benefits of the Indenture. 

Section 2.2. Establishment of Terms of Series of Securities. 

At or prior to the issuance of any Securities within a Series, the following shall be established (as to the Series generally, in the case of
Subsection 2.2.1 and either as to such Securities within the Series or as to the Series generally in the case of Subsections 2.2.2 through 2.2.23) by or pursuant to a Board Resolution, and set forth or determined in the manner provided in a Board
Resolution, supplemental indenture hereto or Officer’s Certificate: 
 2.2.1. the title (which shall distinguish the Securities of
that particular Series from the Securities of any other Series) and ranking (including the terms of any subordination provisions) of the Series; 

2.2.2. the price or prices (expressed as a percentage of the principal amount thereof) at which the Securities of the Series will be
issued; 
 2.2.3. any limit upon the aggregate principal amount of the Securities of the Series which may be authenticated and
delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the Series pursuant to Section 2.7, 2.8, 2.11, 3.6 or 9.6); 

  
 6 

 2.2.4. the date or dates on which the principal of the Securities of the Series is payable;

 2.2.5. the rate or rates (which may be fixed or variable) per annum or, if applicable, the method used to determine (including the
Party responsible for an such determination) such rate or rates (including, but not limited to, any commodity, commodity index, stock exchange index or financial index) at which the Securities of the Series shall bear interest, if any, the date or
dates from which such interest, if any, shall accrue, the date or dates on which such interest, if any, shall commence and be payable and any regular record date for the interest payable on any interest payment date; 

2.2.6. the place or places where the principal of and interest, if any, on the Securities of the Series shall be payable, where the
Securities of such Series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of such Series and this Indenture may be delivered, and the method of such
payment, if by wire transfer, mail or other means; 
 2.2.7. if applicable, the period or periods within which, the price or prices at
which and the terms and conditions upon which the Securities of the Series may be redeemed, in whole or in part, at the option of the Company; 

2.2.8. the obligation, if any, of the Company to redeem or purchase the Securities of the Series pursuant to any sinking fund or
analogous provisions or at the option of a Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which Securities of the Series shall be redeemed or purchased, in whole or in part,
pursuant to such obligation; 
 2.2.9. the dates, if any, on which and the price or prices at which the Securities of the Series will
be repurchased by the Company at the option of the Holders thereof and other detailed terms and provisions of such repurchase obligations; 

2.2.10. if other than minimum denominations of $1,000 and any integral multiple in excess thereof, the minimum denominations in which the
Securities of the Series shall be issuable; 
 2.2.11. the forms of the Securities of the Series and whether the Securities will be
issuable as Global Securities; 
 2.2.12. if other than the principal amount thereof, the portion of the principal amount of the
Securities of the Series that shall be payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.2; 

2.2.13. the currency of denomination of the Securities of the Series, which may be Dollars or any Foreign Currency, and if such currency
of denomination is a composite currency, the agency or organization, if any, responsible for overseeing such composite currency; 

  
 7 

 2.2.14. the designation of the currency, currencies or currency units in which payment of
the principal of and interest, if any, on the Securities of the Series will be made; 
 2.2.15. if payments of principal of or
interest, if any, on the Securities of the Series are to be made in one or more currencies or currency units other than that or those in which such Securities are denominated, the manner in which the exchange rate with respect to such payments will
be determined; 
 2.2.16. the manner in which the amounts of payment of principal of or interest, if any, on the Securities of the
Series will be determined (including the Party responsible for any such determination), if such amounts may be determined by reference to an index based on a currency or currencies or by reference to a commodity, commodity index, stock exchange
index or financial index; 
 2.2.17. the provisions, if any, relating to any security provided for the Securities of the Series; 

2.2.18. any addition to, deletion of or change in the Events of Default which applies to any Securities of the Series and any change in
the right of the Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 6.2; 

2.2.19. any addition to, deletion of or change in the covenants set forth in Articles IV or V which applies to Securities of the Series;

 2.2.20. any Depositaries, interest rate calculation agents, exchange rate calculation agents or other agents with respect to
Securities of such Series if other than those appointed herein; 
 2.2.21. the provisions, if any, relating to conversion or exchange
of any Securities of such Series, including if applicable, the conversion or exchange price, the conversion or exchange period, provisions as to whether conversion or exchange will be mandatory, at the option of the Holders thereof or at the option
of the Company, the events requiring an adjustment of the conversion price or exchange price and provisions affecting conversion or exchange if such Series of Securities are redeemed; 

2.2.22. any other terms of the Series (which may supplement, modify or delete any provision of this Indenture insofar as it applies to
such Series), including any terms that may be required under applicable law or regulations or advisable in connection with the marketing of Securities of that Series; and 

2.2.23. whether any of the Company’s direct or indirect Subsidiaries will guarantee the Securities of that Series, including the
terms of subordination, if any, of such Guarantees. 
 All Securities of any one Series need not be issued at the same time and may be
issued from time to time, consistent with the terms of this Indenture, if so provided by or pursuant to the Board Resolution, supplemental indenture hereto or Officer’s Certificate referred to above. 

  
 8 

 Section 2.3. Execution and Authentication. 

An Officer shall sign the Securities for the Company by manual or facsimile signature. 

If an Officer whose signature is on a Security no longer holds that office at the time the Security is authenticated, the Security shall
nevertheless be valid. 
 A Security shall not be valid until authenticated by the manual signature of the Trustee or an authenticating
agent. The signature shall be conclusive evidence that the Security has been authenticated under this Indenture. 
 The Trustee shall at any
time, and from time to time, authenticate Securities for original issue in the principal amount provided in the Board Resolution, supplemental indenture hereto or Officer’s Certificate, upon receipt by the Trustee of a Company Order. Each
Security shall be dated the date of its authentication. 
 The aggregate principal amount of Securities of any Series outstanding at any
time may not exceed any limit upon the maximum principal amount for such Series set forth in the Board Resolution, supplemental indenture hereto or Officer’s Certificate delivered pursuant to Section 2.2, except as provided in
Section 2.8. 
 Prior to the issuance of Securities of any Series, the Trustee shall have received and (subject to Section 7.2)
shall be fully protected in relying on: (a) the Board Resolution, supplemental indenture hereto or Officer’s Certificate establishing the form of the Securities of that Series or of Securities within that Series and the terms of the
Securities of that Series or of Securities within that Series, (b) an Officer’s Certificate complying with Sections 10.4 and 10.5, and (c) an Opinion of Counsel complying with Sections 10.4 and 10.5. 

The Trustee shall have the right to decline to authenticate and deliver any Securities of such Series: (a) if the Trustee, being advised
by counsel, determines that such action may not be taken lawfully; or (b) if the Trustee in good faith shall determine that such action would expose the Trustee to personal liability to Holders of any then outstanding Series of Securities. 

The Trustee may appoint an authenticating agent acceptable to the Company to authenticate Securities and the Company shall not unreasonably
withhold its acceptance of a proprosed authentication agent. An authenticating agent may authenticate Securities whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent.
An authenticating agent has the same rights as an Agent to deal with the Company or an Affiliate of the Company. 

  
 9 

 Section 2.4. Registrar and Paying Agent. 

The Company shall maintain, with respect to each Series of Securities, at the place or places specified with respect to such Series pursuant
to Section 2.2, an office or agency where Securities of such Series may be presented or surrendered for payment (“Paying Agent”), where Securities of such Series may be surrendered for registration of transfer or exchange
(“Registrar”) and where notices and demands to or upon the Company in respect of the Securities of such Series and this Indenture may be delivered (“Notice Agent”). The Registrar shall keep a register with respect
to each Series of Securities and to their transfer and exchange. The Company will give prompt written notice to the Trustee of the name and address, and any change in the name or address, of each Registrar, Paying Agent or Notice Agent. If at any
time the Company shall fail to maintain any such required Registrar, Paying Agent or Notice Agent or shall fail to furnish the Trustee with the name and address thereof, such presentations, surrenders, notices and demands may be made or served at
the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands; provided, however, no service of legal process on the Company may be made at any
office of the Trustee. 
 The Company may also from time to time designate one or more co-registrars, additional paying agents or additional
notice agents and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligations to maintain a Registrar, Paying Agent and Notice
Agent in each place so specified pursuant to Section 2.2 for Securities of any Series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the name or address
of any such co-registrar, additional paying agent or additional notice agent. The term “Registrar” includes any co-registrar; the term “Paying Agent” includes any additional paying agent; and the term
“Notice Agent” includes any additional notice agent. The Company or any of its Affiliates may serve as Registrar or Paying Agent. 

The Company hereby appoints the Trustee the initial Registrar, Paying Agent and Notice Agent for each Series unless another Registrar, Paying
Agent or Notice Agent, as the case may be, is appointed prior to the time Securities of that Series are first issued. 
 Section 2.5.
Paying Agent to Hold Money in Trust. 
 The Company shall require each Paying Agent other than the Trustee to agree in writing that
the Paying Agent will hold in trust, for the benefit of Securityholders of any Series of Securities, or the Trustee, all money held by the Paying Agent for the payment of principal of or interest on the Series of Securities, and will promptly notify
the Trustee in writing of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent
to pay all money held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further liability for the money. If the Company or a Subsidiary of the Company
acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of Securityholders of any Series of Securities all money held by it as Paying Agent. Upon any bankruptcy, reorganization or similar proceeding with respect to
the Company, the Trustee shall automatically become the Paying Agent for the Securities. 

  
 10 

 Section 2.6. Securityholder Lists. 

The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses
of Securityholders of each Series of Securities and shall otherwise comply with TIA § 312(a). If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least ten days before each interest payment date and at such other
times as the Trustee may request in writing a list, in such form and as of such date as the Trustee may reasonably require, of the names and addresses of Securityholders of each Series of Securities. 

Section 2.7. Transfer and Exchange. 

Where Securities of a Series are presented to the Registrar or a co-registrar with a request to register a transfer or to exchange them for an
equal principal amount of Securities of the same Series, the Registrar shall register the transfer or make the exchange if its requirements for such transactions are met. To permit registrations of transfers and exchanges, the Trustee shall
authenticate Securities at the Registrar’s request. No service charge shall be made for any registration of transfer or exchange (except as otherwise expressly permitted herein), but the Company may require payment of a sum sufficient to cover
any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer tax or similar governmental charge payable upon exchanges pursuant to Sections 2.11, 3.6 or 9.6). 

Every Security presented or surrendered for registration of transfer or for exchange shall (if so required by the Registrar) be duly endorsed,
or be accompanied by a written instrument of transfer in form satisfactory to the Registrar duly executed by the Holder thereof or his attorney duly authorized in writing. 

Neither the Company nor the Registrar shall be required (a) to issue, register the transfer of, or exchange Securities of any Series for
the period beginning at the opening of business fifteen days immediately preceding the sending of a notice of redemption of Securities of that Series selected for redemption and ending at the close of business on the day such notice is sent, or
(b) to register the transfer of or exchange Securities of any Series selected, called or being called for redemption as a whole or the portion being redeemed of any such Securities selected, called or being called for redemption in part. 

Section 2.8. Mutilated, Destroyed, Lost and Stolen Securities. 

If any mutilated Security is surrendered to the Trustee, the Company shall execute and the Trustee shall, upon receipt of a Company Order,
authenticate and deliver in exchange therefor a new Security of the same Series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 

If there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any
Security and (ii) such security or indemnity bond as may be required by each of them to hold itself and any of its agents harmless, then, in 

  
 11 

 
the absence of notice to the Company or the Trustee that such Security has been acquired by a bona fide purchaser, the Company shall execute and upon receipt of a Company Order Trustee shall
authenticate and make available for delivery, in lieu of any such destroyed, lost or stolen Security, a new Security of the same Series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 

In case any such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, the Company in its discretion
may, instead of issuing a new Security, pay such Security. 
 Upon the issuance of any new Security under this Section, the Company may
require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 

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

Section 2.9. Outstanding Securities. 

The Securities outstanding at any time are all the Securities authenticated by the Trustee except for those canceled by it, those delivered to
it for cancellation, those reductions in the interest on a Global Security effected by the Trustee in accordance with the provisions hereof and those described in this Section as not outstanding. 

If a Security is replaced pursuant to Section 2.8, it ceases to be outstanding until the Trustee receives proof satisfactory to it that
the replaced Security is held by a bona fide purchaser. 
 If the Paying Agent (other than the Company, a Subsidiary of the Company or an
Affiliate of the Company) holds on the Maturity of Securities of a Series money sufficient to pay such Securities payable on that date, then on and after that date such Securities of the Series cease to be outstanding and interest on them ceases to
accrue. 
 The Company may purchase or otherwise acquire the Securities, whether by open market purchases, negotiated transactions or
otherwise. A Security does not cease to be outstanding because the Company or an Affiliate of the Company holds the Security (but see Section 2.10 below). 

In determining whether the Holders of the requisite principal amount of outstanding Securities have given any request, demand, authorization,
direction, notice, consent 

  
 12 

 
or waiver hereunder, the principal amount of a Discount Security that shall be deemed to be outstanding for such purposes shall be the amount of the principal thereof that would be due and
payable as of the date of such determination upon a declaration of acceleration of the Maturity thereof pursuant to Section 6.2. 

Section 2.10. Treasury Securities. 

In determining whether the Holders of the required principal amount of Securities of a Series have concurred in any request, demand,
authorization, direction, notice, consent or waiver, Securities of a Series owned by the Company, any Guarantor of Securities of such Series or any Affiliate of the Company or any such Guarantor shall be disregarded, except that for the purposes of
determining whether the Trustee shall be protected in relying on any such request, demand, authorization, direction, notice, consent or waiver only Securities of a Series that a Responsible Officer of the Trustee actually knows are so owned shall be
so disregarded. 
 Section 2.11. Temporary Securities. 

Until definitive Securities are ready for delivery, the Company may prepare and the Trustee shall authenticate temporary Securities upon a
Company Order. Temporary Securities shall be substantially in the form of definitive Securities but may have variations that the Company considers appropriate for temporary Securities. Without unreasonable delay, the Company shall prepare and the
Trustee upon receipt of a Company Order shall authenticate definitive Securities of the same Series and date of maturity in exchange for temporary Securities. Until so exchanged, temporary securities shall have the same rights under this Indenture
as the definitive Securities. 
 Section 2.12. Cancellation. 

The Company at any time may deliver Securities to the Trustee for cancellation. The Registrar and the Paying Agent shall forward to the
Trustee any Securities surrendered to them for registration of transfer, exchange, replacement or payment. The Trustee shall cancel all Securities surrendered for transfer, exchange, payment, replacement or cancellation and shall destroy such
canceled Securities (subject to the record retention requirements of the Exchange Act and the Trustee’s customary procedures) and deliver a certificate of such cancellation to the Company upon written request of the Company. The Company may not
issue new Securities to replace Securities that it has paid or delivered to the Trustee for cancellation. 
 Section 2.13. Defaulted
Interest. 
 If the Company defaults in a payment of interest on a Series of Securities, it shall pay the defaulted interest, plus, to
the extent permitted by law, any interest payable on the defaulted interest, to the persons who are Securityholders of the Series on a subsequent special record date. The Company shall fix the record date and payment date. At least 10 days before
the special record date, the Company shall deliver to the Trustee and to each Securityholder of the Series a notice that states the special record date, the payment date and the amount of interest to be paid. The Company may pay defaulted interest
in any other lawful manner. 

  
 13 

 Section 2.14. Global Securities. 

2.14.1. Terms of Securities. A Board Resolution, a supplemental indenture hereto or an Officer’s Certificate shall establish
whether the Securities of a Series shall be issued in whole or in part in the form of one or more Global Securities and the Depositary for such Global Security or Securities. 

2.14.2. Transfer and Exchange. Notwithstanding any provisions to the contrary contained in Section 2.7 of the Indenture and
in addition thereto, any Global Security shall be exchangeable pursuant to Section 2.7 of the Indenture for Securities registered in the names of Holders other than the Depositary for such Security or its nominee only if (i) such
Depositary notifies the Company that it is unwilling or unable to continue as Depositary for such Global Security or if at any time such Depositary ceases to be a clearing agency registered under the Exchange Act, and, in either case, the Company
fails to appoint a successor Depositary registered as a clearing agency under the Exchange Act within 90 days of such event; (ii) the Company executes and delivers to the Trustee an Officer’s Certificate to the effect that such Global
Security shall be so exchangeable (subject to the procedures of the Depositary); or (iii) an Event of Default with respect to the Securities represented by such Global Security shall have occurred and be continuing and the Holder has so
requested. Any Global Security that is exchangeable pursuant to the preceding sentence shall be exchangeable for Securities registered in such names as the Depositary shall direct in writing in an aggregate principal amount equal to the principal
amount of the Global Security with like tenor and terms. 
 Except as provided in this Section 2.14.2, a Global Security may not be
transferred except as a whole by the Depositary with respect to such Global Security to a nominee of such Depositary, by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by the Depositary or any such nominee
to a successor Depositary or a nominee of such a successor Depositary. 
 2.14.3. Legends. Any Global Security issued hereunder
shall bear a legend in substantially the following form: 
 “THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR
ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH A SUCCESSOR DEPOSITARY.” 

  
 14 

 In addition, so long as the Depository Trust Company (“DTC”) is the Depositary, each
Global Note registered in the name of DTC or its nominee shall bear a legend in substantially the following form: 
 “UNLESS THIS GLOBAL
NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY GLOBAL NOTE ISSUED IS REGISTERED IN
THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.” 

2.14.4. Acts of Holders. The Depositary, as a Holder, may appoint agents and otherwise authorize participants to give or take any
request, demand, authorization, direction, notice, consent, waiver or other action which a Holder is entitled to give or take under the Indenture. 

2.14.5. Payments. Notwithstanding the other provisions of this Indenture, unless otherwise specified as contemplated by
Section 2.2, payment of the principal of and interest, if any, on any Global Security shall be made to the Holder thereof. 

2.14.6. Consents, Declaration and Directions. The Company, the Guarantors, if any, the Trustee and any Agent shall treat a person
as the Holder of such principal amount of outstanding Securities of such Series represented by a Global Security as shall be specified in a written statement of the Depositary or by the applicable procedures of such Depositary with respect to such
Global Security, for purposes of obtaining any consents, declarations, waivers or directions required to be given by the Holders pursuant to this Indenture. 

Section 2.15. CUSIP Numbers. 

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

Section 2.16. Persons Deemed Owners. 

Prior to due presentment of a Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may
treat the person in whose name such Security is registered in the register kept by the Registrar as the owner of such Security for the purpose of receiving payment of principal of and (subject to the record date provisions thereof) interest on and
any Additional Amounts with respect to, such Security and for all other purposes whatsoever, whether or not any payment with respect to such Security shall be overdue, and none of the Company, the Trustee or any agent of the Company or the Trustee
shall be 

  
 15 

 
affected by notice to the contrary. No holder of any beneficial interest in any Global Security held on its behalf by a Depository shall have any rights under this Indenture with respect to such
Global Security, and such Depository may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the owner of such Global Security for all purposes whatsoever. None of the Company, the Trustee, any Paying Agent or the
Registrar will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Global Security or for maintaining, supervising or reviewing any records relating to
such beneficial ownership interests. 
 ARTICLE III. 

REDEMPTION 
 Section 3.1.
Notice to Trustee. 
 The Company may, with respect to any Series of Securities, reserve the right to redeem and pay the Series of
Securities or may covenant to redeem and pay the Series of Securities or any part thereof prior to the Stated Maturity thereof at such time and on such terms as provided for in such Securities. If a Series of Securities is redeemable and the Company
wants or is obligated to redeem prior to the Stated Maturity thereof all or part of the Series of Securities pursuant to the terms of such Securities, it shall notify the Trustee in writing of the redemption date and the principal amount of Series
of Securities to be redeemed. The Company shall give the notice at least 15 days before the redemption date, unless a shorter period is satisfactory to the Trustee. 

Section 3.2. Selection of Securities to be Redeemed. 

Unless otherwise indicated for a particular Series by a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, if
less than all the Securities of a Series are to be redeemed, the Securities of the Series to be redeemed will be selected as follows: (a) if the Securities are in the form of Global Securities, in accordance with the procedures of the
Depositary, (b) if the Securities are listed on any national securities exchange, in compliance with the requirements of the principal national securities exchange, if any, on which the Securities are listed, or (c) if not otherwise
provided for under clause (a) or (b) in the manner that the Trustee deems fair and appropriate, including by lot or other method, unless otherwise required by law or applicable stock exchange requirements, subject, in the case of Global
Securities, to the applicable rules and procedures of the Depositary. The Securities to be redeemed shall be selected from Securities of the Series outstanding not previously called for redemption. Portions of the principal of Securities of the
Series that have minimum denominations larger than $1,000 may be selected for redemption. Securities of the Series and portions of them it selected for redemption shall be in amounts of at least $1,000 or whole multiples of $1,000 in excess thereof
or, with respect to Securities of any Series issuable in other denominations pursuant to Section 2.2.10, the minimum principal denomination for each Series and the authorized integral multiples in excess thereof. Provisions of this Indenture
that apply to Securities of a Series called for redemption also apply to portions of Securities of that Series called for redemption. 

  
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 Section 3.3. Notice of Redemption. 

Unless otherwise indicated for a particular Series by Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, at
least 30 days but not more than 60 days before a redemption date, the Company shall send or cause to be sent by first-class mail or electronically, in accordance with the procedures of the Depositary, a notice of redemption to each Holder whose
Securities are to be redeemed; except that redemption notices may be sent more than 60 days prior to a redemption date if the notice is issued in connection with a defeasances of the Series of Securities pursuant to Article VIII hereof. 

The notice shall identify the Securities of the Series to be redeemed and shall state: 

(a) the redemption date; 

(b) the redemption price (or if not then ascertainable, the manner of calculation thereof); 

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

(d) if any Securities are being redeemed in part, the portion of the principal amount of such Securities to be redeemed
and that, after the redemption date and upon surrender of such Security, a new Security or Securities in principal amount equal to the unredeemed portion of the original Security shall be issued in the name of the Holder thereof upon cancellation of
the original Security; 
 (e) that Securities of the Series called for redemption must be surrendered to the Paying
Agent to collect the redemption price; 
 (f) that interest on Securities of the Series called for redemption ceases to
accrue on and after the redemption date unless the Company defaults in the deposit of the redemption price; 
 (g) the
CUSIP number, if any; and 
 (h) any other information as may be required by the terms of the particular Series or the
Securities of a Series being redeemed. 
 At the Company’s written request, the Trustee shall give the notice of redemption in the
Company’s name and at its expense, provided, however, that the Company has delivered to the Trustee, at least 10 days (unless a shorter time shall be acceptable to the Trustee) prior to the notice date, an Officer’s Certificate requesting
that the Trustee give such notice and setting forth the information to be stated in such notice. 
 Section 3.4. Effect of Notice of
Redemption. 
 Once notice of redemption is sent as provided in Section 3.3, Securities of a Series called for redemption become
due and payable on the redemption date and at the 

  
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redemption price. Except as otherwise provided in the supplemental indenture, Board Resolution or Officer’s Certificate for a Series, a notice of redemption may not be conditional. Upon
surrender to the Paying Agent, such Securities shall be paid at the redemption price plus accrued interest to the redemption date. 

Section 3.5. Deposit of Redemption Price. 

On or before 10:00 a.m., New York City time, on the redemption date, the Company shall deposit with the Paying Agent money sufficient to pay
the redemption price of and accrued interest, if any, on all Securities to be redeemed on that date. 
 Section 3.6. Securities
Redeemed in Part. 
 Upon surrender of a Security that is redeemed in part, the Trustee shall, upon receipt of a Company Order,
authenticate for the Holder a new Security of the same Series and the same maturity equal in principal amount to the unredeemed portion of the Security surrendered. 

ARTICLE IV. 
 COVENANTS 

Section 4.1. Payment of Principal and Interest. 

The Company covenants and agrees for the benefit of the Holders of each Series of Securities that it will duly and punctually pay the
principal of and interest, if any, on the Securities of that Series in accordance with the terms of such Securities and this Indenture. On or before 11:00 a.m., New York City time, on the applicable payment date, the Company shall deposit with the
Paying Agent money sufficient to pay the principal of and interest, if any, on the Securities of each Series in accordance with the terms of such Securities and this Indenture. 

Section 4.2. SEC Reports. 

To the extent any Securities of a Series are outstanding, the Company shall deliver to the Trustee within 15 days after it files them with the
SEC copies of the quarterly and annual reports and of the information, documents, and other reports (or copies of such portions of any of the foregoing as the SEC may by rules and regulations prescribe) which the Company is required to file with the
SEC pursuant to Section 13 or 15(d) of the Exchange Act. The Company also shall comply with the other provisions of TIA § 314(a). Reports, information and documents filed with the SEC via the EDGAR system will be deemed to be delivered to
the Trustee as of the time of such filing via EDGAR for purposes of this Section 4.2. 
 Delivery of reports, information and documents
to the Trustee under this Section 4.2 are for informational purposes only and the Trustee’s receipt of the foregoing shall not constitute constructive or actual notice of any information contained therein or determinable from information
contained therein, including the Company’s compliance with any of their covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates). 

  
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 Section 4.3. Compliance Certificate. 

To the extent any Securities of a Series are outstanding, the Company shall deliver to the Trustee, within 120 days after the end of each
fiscal year of the Company, an Officer’s Certificate stating that a review of the activities of the Company and its Subsidiaries during the preceding fiscal year has been made under the supervision of the signing Officers with a view to
determining whether the Company has kept, observed, performed and fulfilled its obligations under this Indenture, and further stating, as to each such Officer signing such certificate, that to the best of his/her knowledge the Company has kept,
observed, performed and fulfilled each and every covenant contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions hereof (or, if a Default or Event of Default shall have
occurred, describing all such Defaults or Events of Default of which the Officer may have knowledge). 
 Section 4.4. Stay,
Extension and Usury Laws. 
 The Company and each Guarantor covenants (to the extent that they may lawfully do so) that they will not at
any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this
Indenture or the Securities; and the Company and each Guarantor (to the extent they may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not, by resort to any such law, hinder, delay or
impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law has been enacted. 

ARTICLE V. 
 SUCCESSORS 

Section 5.1. When Company May Merge, Etc. 

The Company shall not consolidate with or merge with or into, or convey, transfer or lease all or substantially all of its properties and
assets to, any person (a “successor person”) unless: 
 (a) the Company is the surviving corporation or
the successor person (if other than the Company) is a corporation organized and validly existing under the laws of any U.S. domestic jurisdiction and expressly assumes the Company’s obligations on the Securities and under this Indenture; and

 (b) immediately after giving effect to the transaction, no Default or Event of Default, shall have occurred and be
continuing. 
 The Company shall deliver to the Trustee prior to the consummation of the proposed transaction an Officer’s Certificate
to the foregoing effect and an Opinion of Counsel stating that the proposed transaction and any supplemental indenture comply with this Indenture and that such supplemental indenture is the legal, valid and binding obligation of such successor
person, enforceable against such successor person in accordance with its terms. 

  
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 Notwithstanding the above, any Subsidiary of the Company may consolidate with, merge into or
transfer all or part of its properties to the Company. Neither an Officer’s Certificate nor an Opinion of Counsel shall be required to be delivered in connection therewith. 

Section 5.2. Successor Corporation Substituted. 

Upon any consolidation or merger, or any sale, lease, conveyance or other disposition of all or substantially all of the assets of the Company
in accordance with Section 5.1, the successor corporation formed by such consolidation or into or with which the Company is merged or to which such sale, lease, conveyance or other disposition is made shall succeed to, and be substituted for,
and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor person has been named as the Company herein; provided, however, that the predecessor Company in the case of a sale,
conveyance or other disposition (other than a lease) shall be released from all obligations and covenants under this Indenture and the Securities. 

ARTICLE VI. 
 DEFAULTS AND REMEDIES

 Section 6.1. Events of Default. 

“Event of Default,” wherever used herein with respect to Securities of any Series, means any one of the following events,
unless in the establishing Board Resolution, supplemental indenture or Officer’s Certificate, it is provided that such Series shall not have the benefit of said Event of Default: 

(a) default in the payment of any interest on any Security of that Series when it becomes due and payable, and continuance
of such default for a period of 30 days (unless the entire amount of such payment is deposited by the Company with the Trustee or with a Paying Agent prior to 11:00 a.m., New York City time, on the
30th day of such period); or 
 (b) default in the payment of
principal of any Security of that Series at its Maturity; or 
 (c) default in the performance or breach of any covenant
or warranty of the Company in this Indenture (other than defaults pursuant to paragraphs (a) or (b) above or pursuant to a covenant or warranty that has been included in this Indenture solely for the benefit of Series of Securities other
than that Series), which default continues uncured 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 the Holders of at least 25% in principal
amount of the outstanding Securities of that Series a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or 

(d) if the Securities of such Series are subject to a Guarantee of a Guarantor, such Guarantee shall for any reason cease
to be, or shall for any reason be asserted in writing by such Guarantor or the Company not to be, in full force and effect and enforceable in accordance with its terms, except to the extent contemplated or permitted by this Indenture or the terms of
the Securities of such Series; or 

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

 (i) commences a voluntary case, 

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

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

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

(v) generally is unable to pay its debts as the same become due; or 

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

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

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

(iii) orders the liquidation of the Company, 

and the order or decree remains unstayed and in effect for 60 days; or 

(g) any other Event of Default provided with respect to Securities of that Series, which is specified in a Board
Resolution, a supplemental indenture hereto or an Officer’s Certificate, in accordance with Section 2.2.18. 
 The term
“Bankruptcy Law” means title 11, U.S. Code or any similar Federal or State law for the relief of debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator or similar official under any
Bankruptcy Law. 
 The Company will provide the Trustee written of notice of any Default or Event of Default within 30 days of becoming
aware of the occurrence of such Default or Event of Default, which notice will describe in reasonable detail the status of such Default or Event of Default and what action the Company is taking or proposes to take in respect thereof. 

Section 6.2. Acceleration of Maturity; Rescission and Annulment. 

If an Event of Default with respect to Securities of any Series at the time outstanding occurs and is continuing (other than an Event of
Default referred to in Section 6.1(e) or (f)) then in every such case the Trustee or the Holders of not less than 25% in principal amount of the outstanding Securities of that Series may declare the principal amount (or, if any Securities of
that Series are Discount Securities, such portion of the principal amount as may be 

  
 21 

 
specified in the terms of such Securities) of and accrued and unpaid interest, if any, on all of the Securities of that Series to be due and payable immediately, by a notice in writing to the
Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount) and accrued and unpaid interest, if any, shall become immediately due and payable. If an Event of Default specified in
Section 6.1(e) or (f) shall occur, the principal amount (or specified amount) of and accrued and unpaid interest, if any, on all outstanding Securities shall ipso facto become and be immediately due and payable without any
declaration or other act on the part of the Trustee or any Holder. 
 At any time after such a declaration of acceleration with respect to
any Series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the outstanding Securities of that
Series, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if all Events of Default with respect to Securities of that Series, other than the non-payment of the principal and interest, if
any, of Securities of that Series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 6.13. 

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

Section 6.3. Other Remedies. 

If an Event of Default with respect to Securities of any Series at the time outstanding occurs and is continuing, the Trustee may pursue any
available remedy to collect. 
 Section 6.4. Collection of Indebtedness and Suits for Enforcement by Trustee. 

The Company covenants that if 

(a) default is made in the payment of any interest on any Security when such interest becomes due and payable and such
default continues for a period of 30 days, or 
 (b) default is made in the payment of principal of any Security at the
Maturity thereof, or 
 (c) default is made in the deposit of any sinking fund payment, if any, when and as due by the
terms of a Security, 
 then, the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities, the whole
amount then due and payable on such Securities for principal and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal and any overdue interest at the rate or rates prescribed
therefor in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents
and counsel. 

  
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 If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name
and as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Company or any other obligor
upon such Securities and collect the moneys adjudged or deemed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities, wherever situated. 

If an Event of Default with respect to any Securities of any Series occurs and is continuing, the Trustee may in its discretion proceed to
protect and enforce its rights and the rights of the Holders of Securities of such Series by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement
of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 

Section 6.5. Trustee May File Proofs of Claim. 

In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or
other judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities shall then be
due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal or interest) shall be entitled and empowered, by intervention
in such proceeding or otherwise, 
 (a) to file and prove a claim for the whole amount of principal and interest owing
and unpaid in respect of the Securities and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances
of the Trustee, its agents and counsel) and of the Holders allowed in such judicial proceeding, and 
 (b) to collect
and receive any moneys or other property payable or deliverable on any such claims and to distribute the same, 
 and any custodian, receiver, assignee,
trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments
directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.7. 

Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any
plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

  
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 Section 6.6. Trustee May Enforce Claims Without Possession of Securities. 

All rights of action and claims under this Indenture, the Securities or any Guarantee may be prosecuted and enforced by the Trustee without
the possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment
shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has
been recovered. 
 Section 6.7. Application of Money Collected. 

Any money or property collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by
the Trustee and, in case of the distribution of such money or property on account of principal or interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

 First: To the payment of all amounts due the Trustee under Section 7.7; and 

Second: To the payment of the amounts then due and unpaid for principal of and interest on the Securities in respect of which or for the
benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal and interest, respectively; and 

Third: To the Company or any applicable Guarantor, as the case may be. 

Section 6.8. Limitation on Suits. 

No Holder of any Security of any Series shall have any right to institute any proceeding, judicial or otherwise, with respect to this
Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 
 (a) such Holder
has previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities of that Series; 

(b) the Holders of not less than 25% in principal amount of the outstanding Securities of that Series shall have made
written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

(c) such Holder or Holders have offered to the Trustee indemnity or security satisfactory to the Trustee against the
costs, expenses and liabilities which might be incurred by the Trustee in compliance with such request; 
 (d) the
Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding; and 

  
 24 

 (e) no direction inconsistent with such written request has been given to
the Trustee during such 60-day period by the Holders of a majority in principal amount of the outstanding Securities of that Series; 
 it being understood,
intended and expressly covenanted by the Holder of every Security with every other Holder and the Trustee that no one or more of such Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this
Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other of such Holders or to enforce any right under this Indenture, except in the manner herein
provided and for the equal and ratable benefit of all such Holders of the applicable Series. 
 Section 6.9. Unconditional Right of
Holders to Receive Principal and Interest. 
 Notwithstanding any other provision in this Indenture, the Holder of any Security shall
have the right, which is absolute and unconditional, to receive payment of the principal of and interest, if any, on such Security on the Maturity of such Security, including the Stated Maturity expressed in such Security (or, in the case of
redemption, on the redemption date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 

Section 6.10. Restoration of Rights and Remedies. 

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

Section 6.11. Rights and Remedies Cumulative. 

Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in
Section 2.8, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in
addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not, to the extent permitted by law, prevent
the concurrent assertion or employment of any other appropriate right or remedy. 
 Section 6.12. Delay or Omission Not Waiver.

 No delay or omission of the Trustee or of any Holder of any Securities to exercise any right or remedy accruing upon any Event of Default
shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as
often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 

  
 25 

 Section 6.13. Control by Holders. 

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

(a) such direction shall not be in conflict with any rule of law or with this Indenture, 

(b) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction, 

(c) the Trustee shall have the right to decline to follow any such direction if the Trustee in good faith shall determine
that the proceeding so directed would involve the Trustee in personal liability, and 
 (d) prior to taking any action
as directed under this Section 6.12, the Trustee shall be entitled to security or indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction. 

Section 6.14. Waiver of Past Defaults. 

The Holders of not less than a majority in principal amount of the outstanding Securities of any Series may on behalf of the Holders of all
the Securities of such Series waive any past Default hereunder with respect to such Series and its consequences, except a Default in the payment of the principal of or interest on any Security of such Series (provided, however, that the Holders of a
majority in principal amount of the outstanding Securities of any Series may rescind an acceleration and its consequences, including any related payment default that resulted from such acceleration). Upon any such waiver, such Default shall cease to
exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon. 

Section 6.15. Undertaking for Costs. 

All parties to this Indenture agree, and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any court
may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit
of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of
the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit instituted by the Company or any Guarantor, to any suit instituted by the Trustee, to any suit instituted by any

  
 26 

 
Holder, or group of Holders, holding in the aggregate more than 10% in principal amount of the outstanding Securities of any Series, or to any suit instituted by any Holder for the enforcement of
the payment of the principal of or interest on any Security on or after the Maturity of such Security, including the Stated Maturity expressed in such Security (or, in the case of redemption, on the redemption date). 

ARTICLE VII. 
 TRUSTEE 

Section 7.1. Duties of Trustee. 

(a) Subject to Section 7.2(h), if an Event of Default has occurred and is continuing, the Trustee shall exercise the
rights and powers vested in it by this Indenture and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. 

(b) Except during the continuance of an Event of Default: 

(i) The Trustee need perform only those duties that are specifically set forth in this Indenture and no others. 

(ii) In the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon Officer’s Certificates or Opinions of Counsel furnished to the Trustee and conforming to the requirements of this Indenture; however, in the case of any such Officer’s Certificates
or Opinions of Counsel which by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall examine such Officer’s Certificates and Opinions of Counsel to determine whether or not they conform to the form
requirements of this Indenture. 
 (c) The Trustee may not be relieved from liability for its own negligent action, its
own negligent failure to act or its own willful misconduct, except that: 
 (i) This paragraph does not limit the effect of
paragraph (b) of this Section. 
 (ii) The Trustee shall not be liable for any error of judgment made in good faith by a
Responsible Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts. 
 (iii) The
Trustee shall not be liable with respect to any action taken, suffered or omitted to be taken by it with respect to Securities of any Series in good faith in accordance with the direction of the Holders of a majority in principal amount of the
outstanding Securities of such Series relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the
Securities of such Series in accordance with Section 6.12. 

  
 27 

 (d) Every provision of this Indenture that in any way relates to the Trustee
is subject to paragraph (a), (b), (c) and (g) of this Section. 
 (e) The Trustee may refuse to perform any
duty or exercise any right or power unless it receives security or indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred by it in performing such duty or exercising such right or power. 

(f) The Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in writing
with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 

(g) No provision of this Indenture shall require the Trustee to risk its own funds or otherwise incur any financial
liability in the performance of any of its duties, or in the exercise of any of its rights or powers, if adequate indemnity against such risk is not assured to the Trustee in its satisfaction. 

(h) The Paying Agent, the Registrar and any authenticating agent shall be entitled to the protections and immunities as
are set forth in paragraphs (e), (f) and (g) of this Section and in Section 7.2, each with respect to the Trustee. 

Section 7.2. Rights of Trustee. 

(a) The Trustee may rely on and shall be protected in acting or refraining from acting upon any document (whether in its
original or facsimile form) believed by it to be genuine and to have been signed or presented by the proper person. The Trustee need not investigate any fact or matter stated in the document. 

(b) Before the Trustee acts or refrains from acting, it may require an Officer’s Certificate or an Opinion of Counsel
or both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officer’s Certificate or Opinion of Counsel. 

(c) The Trustee may act through agents and shall not be responsible for the misconduct or negligence of any agent
appointed with due care. No Depositary shall be deemed an agent of the Trustee and the Trustee shall not be responsible for any act or omission by any Depositary. 

(d) The Trustee shall not be liable for any action it takes or omits to take in good faith which it believes to be
authorized or within its rights or powers, provided that the Trustee’s conduct does not constitute willful misconduct or negligence. 

(e) The Trustee may consult with counsel and the advice of such counsel or any Opinion of Counsel shall be full and
complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder without willful misconduct or negligence, and in reliance thereon. 

  
 28 

 (f) The Trustee shall be under no obligation to exercise any of the rights
or powers vested in it by this Indenture at the request or direction of any of the Holders of Securities unless such Holders shall have offered to the Trustee security or indemnity satisfactory to it against the costs, expenses and liabilities which
might be incurred by it in compliance with such request or direction. 
 (g) The Trustee shall not be bound to make any
investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but
the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit. 

(h) The Trustee shall not be deemed to have notice of any Default or Event of Default unless a Responsible Officer of the
Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Securities generally or the Securities
of a particular Series and this Indenture. 
 (i) The Trustee shall not be required to provide any bond or surety with
respect to the execution of these trusts and powers. 
 (j) In no event shall the Trustee be liable to any person for
special, punitive, indirect, consequential or incidental loss or damage of any kind whatsoever (including but not limited to lost profits), even if the Trustee has been advised of the likelihood of such loss or damage. 

(k) The Trustee may request that the Company deliver a certificate setting forth the names of individuals and/or titles of
Officers authorized at such time to take specified actions pursuant to this Indenture. 
 (l) Delivery of reports,
information and documents to the Trustee under this Indenture is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information
contained therein, including the Company’s (if any) compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely conclusively on Officer’s Certificates). The Trustee is under no duty to examine such reports,
information or documents to ensure compliance with the provisions of this Indenture or to ascertain the correctness or otherwise of the information or the statements contained therein. 

(m) The Trustee shall not be liable in respect of any payment (as to the correctness of amount, entitlement to receive or
any other matters relating to payment) or notice effected by the Company or any Paying Agent or any records maintained by any co-Registrar with respect to the Notes. 

(n) If any party fails to deliver a notice relating to an event the fact of which,

  
 29 

 
pursuant to this Indenture, requires notice to be sent to the Trustee, the Trustee may conclusively rely on its failure to receive such notice as reason to act as if no such event occurred. 

(o) The permissive right of the Trustee to take the actions permitted by this Indenture shall not be construed as an
obligation or duty to do so. 
 Section 7.3. Individual Rights of Trustee. 

The Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the Company, any
Guarantor or any Affiliate of the Company or any Guarantor with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. The Trustee is also subject to Sections 7.10 and 7.11. 

Section 7.4. Trustee’s Disclaimer. 

The Trustee makes no representation as to the validity or adequacy of this Indenture or the Securities, it shall not be accountable for the
Company’s use of the proceeds from the Securities, and it shall not be responsible for any statement in the Securities other than its authentication. 

Section 7.5. Notice of Defaults. 

If a Default or Event of Default occurs and is continuing with respect to the Securities of any Series and if it is actually known to a
Responsible Officer of the Trustee, the Trustee shall send to each Securityholder of the Securities of that Series notice of a Default or Event of Default within 90 days after it occurs or, if later, after a Responsible Officer of the Trustee has
actual knowledge of such Default or Event of Default. Except in the case of a Default or Event of Default in payment of principal of or interest on any Security of any Series, the Trustee may withhold the notice if and so long as the Trustee in good
faith determines that withholding the notice is in the interests of Securityholders of that Series. 
 Section 7.6. Reports by
Trustee to Holders. 
 Within 60 days after each anniversary of the date of this Indenture, the Trustee shall transmit to all
Securityholders, as their names and addresses appear on the register kept by the Registrar, a brief report dated as of such anniversary date, in accordance with, and to the extent required under, TIA § 313. 

A copy of each report at the time of its mailing to Securityholders of any Series shall be filed with the SEC and each national securities
exchange on which the Securities of that Series are listed. The Company shall promptly notify the Trustee in writing when Securities of any Series are listed on any national securities exchange. 

Section 7.7. Compensation and Indemnity. 

The Company shall pay to the Trustee from time to time compensation for its services as the Company and the Trustee shall from time to time
agree upon in writing. The 

  
 30 

 
Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee upon request for all reasonable out of pocket
expenses incurred by it. Such expenses shall include the reasonable compensation and expenses of the Trustee’s agents and counsel. 

The Company shall indemnify each of the Trustee and any predecessor Trustee (including the cost of defending itself) against any cost, expense
or liability, including taxes (other than taxes based upon, measured by or determined by the income of the Trustee) incurred by it except as set forth in the next paragraph in the performance of its duties under this Indenture as Trustee or Agent.
The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder, unless and to the extent that the Company is
materially prejudiced thereby. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may have separate counsel and the Company shall pay the reasonable fees and expenses of such counsel. The Company need not
pay for any settlement made without its consent, which consent will not be unreasonably withheld. This indemnification shall apply to officers, directors, employees, shareholders and agents of the Trustee. 

The Company need not reimburse any expense or indemnify against any loss or liability incurred by the Trustee or by any officer, director,
employee, shareholder or agent of the Trustee through willful misconduct or negligence. 
 To secure the Company’s payment obligations
in this Section, the Trustee shall have a lien prior to the Securities of any Series on all money or property held or collected by the Trustee, except that held in trust to pay principal of and interest on particular Securities of that Series. 

When the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.1(e) or (f) occurs, the
expenses and the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law. 
 The
provisions of this Section shall survive the termination of this Indenture. 
 Section 7.8. Replacement of Trustee. 

A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee’s
acceptance of appointment as provided in this Section. 
 The Trustee may resign with respect to the Securities of one or more Series by so
notifying the Company at least 30 days prior to the date of the proposed resignation. The Holders of a majority in principal amount of the Securities of any Series may remove the Trustee with respect to that Series by so notifying the Trustee and
the Company in writing. The Company may remove the Trustee with respect to Securities of one or more Series if: 

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

  
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 (b) the Trustee is adjudged a bankrupt or an insolvent or an order for
relief is entered with respect to the Trustee under any Bankruptcy Law; 
 (c) a Custodian or public officer takes
charge of the Trustee or its property; or 
 (d) the Trustee becomes incapable of acting. 

If the Trustee resigns or is removed with respect to the Securities of a Series or if a vacancy exists in the office of Trustee for any
reason, the Company shall promptly appoint a successor Trustee with respect to the Securities of such Series. Within one year after the successor Trustee takes office, the Holders of a majority in principal amount of the then outstanding Securities
of such Series may appoint a successor Trustee with respect to the Securities of such Series to replace the successor Trustee appointed by the Company. 

If a successor Trustee with respect to the Securities of any one or more Series does not take office within 60 days after the retiring Trustee
resigns or is removed, the retiring Trustee, the Company or the Holders of at least a majority in principal amount of the Securities of the applicable Series may petition any court of competent jurisdiction for the appointment of a successor
Trustee. 
 A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company.
Immediately after that, the retiring Trustee shall transfer all property held by it as Trustee to the successor Trustee subject to the lien provided for in Section 7.7, the resignation or removal of the retiring Trustee shall become effective,
and the successor Trustee shall have all the rights, powers and duties of the Trustee with respect to each Series of Securities for which it is acting as Trustee under this Indenture. A successor Trustee shall send a notice of its succession to each
Securityholder of each such Series. Notwithstanding replacement of the Trustee pursuant to this Section 7.8, the Company’s obligations under Section 7.7 hereof shall continue for the benefit of the retiring Trustee with respect to
expenses and liabilities incurred by it for actions taken or omitted to be taken in accordance with its rights, powers and duties under this Indenture prior to such replacement. 

Section 7.9. Successor Trustee by Merger, Etc. 

If the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business to, another
corporation, the successor corporation without any further act shall be the successor Trustee, subject to Section 7.10. 

Section 7.10. Eligibility; Disqualification. 

This Indenture shall always have a Trustee who satisfies the requirements of TIA § 310(a)(1), (2) and (5). The Trustee shall always
have a combined capital and surplus of at least $25,000,000 as set forth in its most recent published annual report of condition. The Trustee shall comply with TIA § 310(b). 

  
 32 

 Section 7.11. Preferential Collection of Claims Against Company. 

The Trustee is subject to TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A Trustee who has resigned or
been removed shall be subject to TIA § 311(a) to the extent indicated. 
 ARTICLE VIII. 

SATISFACTION AND DISCHARGE; DEFEASANCE 

Section 8.1. Satisfaction and Discharge of Indenture. 

This Indenture shall upon Company Order or Guarantor Order be discharged with respect to the Securities of any Series and cease to be of
further effect as to all Securities of such Series (except as hereinafter provided in this Section 8.1), and the Trustee, at the expense of the Company, shall execute instruments acknowledging satisfaction and discharge of this Indenture, when

 (a) either 

(i) all Securities of such Series theretofore authenticated and delivered (other than Securities that have been destroyed, lost
or stolen and that have been replaced or paid) have been delivered to the Trustee for cancellation; or 
 (ii) all such
Securities of such Series not theretofore delivered to the Trustee for cancellation 
 (1) have become due and payable by
reason of sending a notice of redemption or otherwise, or 
 (2) will become due and payable at their Stated Maturity within
one year, or 
 (3) have been called for redemption or are to be called for redemption within one year under arrangements
satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company, or 

(4) are deemed paid and discharged pursuant to Section 8.3, as applicable; 

and the Company or any Guarantor, in the case of (1), (2) or (3) above, shall have irrevocably deposited or caused to be deposited with the Trustee
as trust funds in trust an amount of money or U.S. Government Obligations, which amount shall be sufficient for the purpose of paying and discharging each installment of principal (including mandatory sinking fund or analogous payments) of and
interest on all the Securities of such Series on the dates such installments of principal or interest are due; 

  
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 (b) the Company or any Guarantor(s) have paid or caused to be paid all other
sums payable hereunder by the Company; and 
 (c) the Company or any Guarantor(s) shall have delivered to the Trustee an
Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent provided for relating to the satisfaction and discharge contemplated by this Section have been complied with. 

Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 7.7, and,
if money shall have been deposited with the Trustee pursuant to clause (a) of this Section, the provisions of Sections 2.4, 2.7, 2.8, 8.2 and 8.5 shall survive. 

Section 8.2. Application of Trust Funds; Indemnification. 

(a) Subject to the provisions of Section 8.5, all money and U.S. Government Obligations or Foreign Government
Obligations deposited with the Trustee pursuant to Section 8.1, 8.3 or 8.4 and all money received by the Trustee in respect of U.S. Government Obligations or Foreign Government Obligations deposited with the Trustee pursuant to
Section 8.1, 8.3 or 8.4, shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own
Paying Agent) as the Trustee may determine, to the persons entitled thereto, of the principal and interest for whose payment such money has been deposited with or received by the Trustee or to make mandatory sinking fund payments or analogous
payments as contemplated by Sections 8.1, 8.3 or 8.4. 
 (b) The Company shall pay and shall indemnify the Trustee
against any tax, fee or other charge imposed on or assessed against U.S. Government Obligations or Foreign Government Obligations deposited pursuant to Sections 8.1, 8.3 or 8.4 or the interest and principal received in respect of such obligations
other than any payable by or on behalf of Holders. 
 (c) The Trustee shall deliver or pay to the Company or the
relevant Guarantor(s), as applicable, from time to time upon Company Order or Guarantor Order, as applicable, any U.S. Government Obligations or Foreign Government Obligations or money held by it as provided in Sections 8.3 or 8.4 which, in the
opinion of a nationally recognized firm of independent certified public accountants or investment bank expressed in a written certification thereof delivered to the Trustee, are then in excess of the amount thereof which then would have been
required to be deposited for the purpose for which such U.S. Government Obligations or Foreign Government Obligations or money were deposited or received. This provision shall not authorize the sale by the Trustee of any U.S. Government Obligations
or Foreign Government Obligations held under this Indenture. 

  
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 Section 8.3. Legal Defeasance of Securities of any Series. 

Unless this Section 8.3 is otherwise specified, pursuant to Section 2.2, to be inapplicable to Securities of any Series, the Company
and each Guarantor shall be deemed to have paid and discharged the entire indebtedness on all the outstanding Securities of any Series on the 91st day after the date of the deposit referred to in subparagraph (d) hereof, and the provisions of
this Indenture, as it relates to such outstanding Securities of such Series, shall no longer be in effect (and the Trustee, at the expense of the Company, shall, upon receipt of a Company Order, execute instruments acknowledging the same), except as
to: 
 (a) the rights of Holders of Securities of such Series to receive, from the trust funds described in subparagraph
(d) hereof, (i) payment of the principal of and each installment of principal of and interest on the outstanding Securities of such Series on the Maturity of such principal or installment of principal or interest and (ii) the benefit
of any mandatory sinking fund payments applicable to the Securities of such Series on the day on which such payments are due and payable in accordance with the terms of this Indenture and the Securities of such Series; 

(b) the provisions of Sections 2.4, 2.5, 2.7, 2.8, 7.7, 8.2, 8.3, 8.5 and 8.6; and 

(c) the rights, powers, trusts and immunities of the Trustee hereunder and the Company’s obligations in connection
therewith; 
 provided that, the following conditions shall have been satisfied: 

(d) the Company or, if applicable, any Guarantor(s) shall have deposited or caused to be deposited (except as provided in
Section 8.2(c)) with the Trustee as trust funds specifically pledged as security for and dedicated solely to the benefit of the Holders of such Securities (i) in the case of Securities of such Series denominated in Dollars, cash in Dollars
and/or U.S. Government Obligations, or (ii) in the case of Securities of such Series denominated in a Foreign Currency (other than a composite currency), money and/or Foreign Government Obligations, which through the payment of interest and
principal in respect thereof in accordance with their terms, will provide (and without reinvestment), not later than one day before the due date of any payment of money, an amount in cash, sufficient, in the opinion of a nationally recognized firm
of independent public accountants or investment bank expressed in a written certification thereof delivered to the Trustee, to pay and discharge each installment of principal of and interest, on and any mandatory sinking fund payments in respect of
all the Securities of such Series on the dates such installments of principal or interest and such sinking fund payments are due; 

(e) such deposit will not result in a breach or violation of, or constitute a default under, this Indenture or any other
agreement or instrument to which the Company is a party or by which it is bound; 
 (f) no Default or Event of Default
with respect to the Securities of such Series shall have occurred and be continuing on the date of such deposit or during the period ending on the 91st day after such date; 

  
 35 

 (g) the Company or, if applicable, the Guarantor(s) shall have delivered to
the Trustee an Officer’s Certificate and an Opinion of Counsel to the effect that (i) the Company or such Guarantor(s), as applicable, have received from, or there has been published by, the Internal Revenue Service a ruling, or
(ii) since the date of execution of this Indenture, there has been a change in the applicable Federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of the Securities
of such Series will not recognize income, gain or loss for Federal income tax purposes as a result of such deposit, defeasance and discharge and will be subject to Federal income tax on the same amount and in the same manner and at the same times as
would have been the case if such deposit, defeasance and discharge had not occurred; 
 (h) the Company or, if
applicable, the Guarantor(s) shall have delivered to the Trustee an Officer’s Certificate stating that the deposit was not made by the Company or such Guarantor(s), as applicable, with the intent of defeating, hindering, delaying or defrauding
any other creditors of the Company or such Guarantor(s), as applicable; and 
 (i) the Company or, if applicable, the
Guarantor(s) shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent provided for relating to the defeasance contemplated by this Section have been complied with. 

Section 8.4. Covenant Defeasance. 

Unless this Section 8.4 is otherwise specified pursuant to Section 2.2 to be inapplicable to Securities of any Series, the Company
(and, if such Securities are subject to a Guarantee, the Guarantors thereof) may omit to comply with respect to the Securities of any Series with any term, provision or condition set forth under Sections 4.2, 4.3, 4.4, 4.5, 4.6 and 5.1 and, unless
otherwise specified therein, any additional covenants specified in a supplemental indenture for such Series of Securities or a Board Resolution or an Officer’s Certificate delivered pursuant to Section 2.2 (and the failure to comply with
any such covenants shall not constitute a Default or Event of Default with respect to such Series under Section 6.1) and the occurrence of any event specified in a supplemental indenture for such Series of Securities or a Board Resolution or an
Officer’s Certificate delivered pursuant to Section 2.2.18 and designated as an Event of Default shall not constitute a Default or Event of Default hereunder, with respect to the Securities of such Series, but, except as specified above,
the remainder of this Indenture and such Securities will be unaffected thereby; provided that the following conditions shall have been satisfied: 

(a) with reference to this Section 8.4, the Company or, if applicable, any Guarantor(s) have irrevocably deposited or
caused to be irrevocably deposited (except as provided in Section 8.2(c)) with the Trustee as trust funds in trust for the purpose of making the following payments specifically pledged as security for, and dedicated solely to, the benefit of
the Holders of such Securities (i) in the case of Securities of such Series denominated in Dollars, cash in Dollars and/or U.S. Government Obligations, or (ii) in the case of Securities of such Series denominated in a Foreign Currency
(other than a composite currency), money and/or Foreign Government Obligations, which through the 

  
 36 

 
payment of interest and principal in respect thereof in accordance with their terms, will provide (and without reinvestment), not later than one day before the due date of any payment of money,
an amount in cash, sufficient, in the opinion of a nationally recognized firm of independent certified public accountants or investment bank expressed in a written certification thereof delivered to the Trustee, to pay and discharge each installment
of principal (including mandatory sinking fund or analogous payments) of and interest on all the Securities of such Series on the dates such installments of principal or interest are due; 

(b) such deposit will not result in a breach or violation of, or constitute a default under, this Indenture or any other
agreement or instrument to which the Company is a party or by which it is bound; 
 (c) no Default or Event of Default
with respect to the Securities of such Series shall have occurred and be continuing on the date of such deposit; 

(d) the Company or, if applicable, the Guarantor(s) shall have delivered to the Trustee an Officers’ Certificate and
an Opinion of Counsel to the effect that (i) the company has received from, or there has been published by, the Internal Revenue Service a ruling, or (ii) since the date of execution of this Indenture, there has been a change in the
applicable Federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm, subject to customary exclusions, that the Holders of the Securities of such Series will not recognize income, gain or loss
for Federal income tax purposes as a result of such deposit, covenant defeasance and discharge and will be subject to Federal income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit,
covenant defeasance and discharge had not occurred; 
 (e) The Company or, if applicable, the Guarantor(s) shall have
delivered to the Trustee an Officer’s Certificate stating the deposit was not made by the Company with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company; and 

(f) The Company or, if applicable, the Guarantor(s) shall have delivered to the Trustee an Officer’s Certificate and
an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the covenant defeasance contemplated by this Section have been complied with. 

Section 8.5. Repayment to Company. 

Subject to applicable abandoned property law, the Trustee and the Paying Agent shall pay to the Company (or, if applicable, the relevant
Guarantor(s)) upon request any money held by them for the payment of principal and interest that remains unclaimed for two years. After that, Securityholders entitled to the money must look to the Company or, if applicable, the relevant Guarantor(s)
for payment as general creditors unless an applicable abandoned property law designates another person. 

  
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 Section 8.6. Reinstatement. 

If the Trustee or the Paying Agent is unable to apply any money deposited with respect to Securities of any Series in accordance with
Section 8.1 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the obligations of the Company under this Indenture
with respect to the Securities of such Series and under the Securities of such Series shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.1 until such time as the Trustee or the Paying Agent is permitted to
apply all such money in accordance with Section 8.1; provided, however, that if the Company or any Guarantor(s) have made any payment of principal of or interest on or any Additional Amounts with respect to any Securities because
of the reinstatement of its obligations, the Company and the applicable Guarantor(s), if any, shall be subrogated to the rights of the Holders of such Securities to receive such payment from the money or U.S. Government Obligations held by the
Trustee or Paying Agent after payment in full to the Holders. 
 ARTICLE IX. 

AMENDMENTS AND WAIVERS 

Section 9.1. Without Consent of Holders. 

The Company, the applicable Guarantor(s), if any, and the Trustee may amend or supplement this Indenture or the Securities of one or more
Series without the consent of any Securityholder: 
 (a) to cure any ambiguity, defect or inconsistency; 

(b) to comply with Article V; 

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

(d) to add guarantees with respect to Securities of any Series or secure Securities of any Series; 

(e) to surrender any of the Company’s rights or powers under this Indenture; 

(f) to add covenants or events of default for the benefit of the holders of Securities of any Series; 

(g) to comply with the applicable procedures of the applicable depositary; 

(h) to make any change that does not adversely affect the rights of any Securityholder; 

(i) to conform the text of this Indenture, the Guarantees (if any) or the Securities to any provision of the
“Description of Notes” section of the final prospectus supplement filed with the SEC on the date of this Indenture; 

  
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 (j) to provide for the issuance of and establish the form and terms and
conditions of Securities of any Series and any Guarantees thereof, as permitted by this Indenture; 
 (k) to evidence
and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or more Series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate
the administration of the trusts hereunder by more than one Trustee; 
 (l) to comply with requirements of the SEC in
order to effect or maintain the qualification of this Indenture under the TIA; 
 (m) to add any person as a Guarantor
of all or any Securities of any Series, which Securities were not theretofore subject to any Guarantee, or to add additional Guarantors of all or any Securities of any Series; 

(n) to allow the Guarantor(s), if any, to execute a supplemental indenture or Guarantee with respect to the Securities; or

 (o) to evidence the release and discharge of any Guarantor from its obligations under its Guarantees and its
obligations hereunder in respect of any Securities, in each case in accordance with this Indenture and the terms of such Securities. 

Section 9.2. With Consent of Holders. 

The Company, the applicable Guarantor(s), if any, and the Trustee may enter into a supplemental indenture with the written consent of the
Holders of at least a majority in principal amount of the outstanding Securities of each Series affected by such supplemental indenture (including consents obtained in connection with a tender offer or exchange offer for the Securities of such
Series), for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner the rights of the Securityholders of each such
Series. Except as provided in Section 6.13, the Holders of at least a majority in principal amount of the outstanding Securities of any Series by notice to the Trustee (including consents obtained in connection with a tender offer or exchange
offer for the Securities of such Series) may waive compliance by the Company or any Guarantor of Securities of such Series with any provision of this Indenture or the Securities or the applicable Guarantee with respect to such Series. 

It shall not be necessary for the consent of the Holders of Securities under this Section 9.2 to approve the particular form of any
proposed supplemental indenture or waiver, but it shall be sufficient if such consent approves the substance thereof. After a supplemental indenture or waiver under this section becomes effective, the Company shall promptly mail to the Holders of
Securities affected thereby, a notice briefly describing the supplemental indenture or waiver. Any failure by the Company to mail or publish such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such
supplemental indenture or waiver. 

  
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 Section 9.3. Limitations. 

Without the consent of each Securityholder affected, an amendment, supplement or waiver may not: 

(a) reduce the principal amount of Securities whose Holders must consent to an amendment, supplement or waiver; 

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

(c) reduce the principal or change the Stated Maturity of any Security or reduce the amount of, or postpone the date fixed
for, the payment of any sinking fund or analogous obligation; 
 (d) reduce the principal amount of Discount Securities
payable upon acceleration of the maturity thereof; 
 (e) waive a Default or Event of Default in the payment of the
principal of or interest, if any, on any Security (except a rescission of acceleration of the Securities of any Series by the Holders of at least a majority in principal amount of the outstanding Securities of such Series and a waiver of the payment
default that resulted from such acceleration); 
 (f) make the principal of or interest, if any, on any Security payable
in any currency other than that stated in the Security; 
 (g) make any change in Sections 6.9, 6.14 or 9.3 (this
sentence); 
 (h) waive a redemption payment with respect to any Security, provided that such redemption is made at the
Company’s option; or 
 (i) in the case of any Security that is subject to a Guarantee, release the Guarantor of
such Guarantee from any of its obligations under such Guarantee, except in accordance with the terms of this Indenture and such Security. 

Section 9.4. Compliance with Trust Indenture Act. 

Every amendment or supplement to this Indenture or the Securities of one or more Series shall be set forth in a supplemental indenture hereto
that complies with the TIA as then in effect. 
 Section 9.5. Revocation and Effect of Consents. 

Until an amendment or supplement is set forth in a supplemental indenture or a waiver becomes effective, a consent to it by a Holder of a
Security is a continuing consent by the Holder and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made on any

  
 40 

 
Security. However, any such Holder or subsequent Holder may revoke the consent as to his Security or portion of a Security if the Trustee receives the notice of revocation before the date of the
supplemental indenture or the date the waiver becomes effective. 
 Any amendment or waiver once effective shall bind every Securityholder
of each Series affected by such amendment or waiver unless it is of the type described in any of clauses (a) through (h) of Section 9.3. In that case, the amendment or waiver shall bind each Holder of a Security who has consented to
it and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security. 

The Company may, but shall not be obligated to, fix a record date for the purpose of determining the Holders entitled to give their consent or
take any other action described above or required or permitted to be taken pursuant to this Indenture. If a record date is fixed, then notwithstanding the immediately preceding paragraph, those Persons who were Holders at such record date (or their
duly designated proxies), and only those persons, shall be entitled to give such consent or to revoke any consent previously given or take any such action, whether or not such Persons continue to be Holders after such record date. No such consent
shall be valid or effective for more than 120 days after such record date. 
 Section 9.6. Notation on or Exchange of
Securities. 
 The Company or the Trustee may place an appropriate notation about an amendment, supplement or waiver on any Security of
any Series thereafter authenticated. The Company in exchange for Securities of that Series may issue and the Trustee shall authenticate upon receipt of a Company Order in accordance with Section 2.3 new Securities of that Series that reflect
the amendment or waiver. 
 Section 9.7. Trustee Protected. 

In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby
of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 7.1) shall be fully protected in relying upon, an Officer’s Certificate and an Opinion of Counsel complying with Section 10.4.
The Trustee shall sign all supplemental indentures upon delivery of such Officer’s Certificate and Opinion of Counsel, except that the Trustee need not sign any supplemental indenture that adversely affects the Trustee’s own rights, duties
or immunities under this Indenture or otherwise. 
 ARTICLE X. 

MISCELLANEOUS 
 Section 10.1.
Trust Indenture Act Controls. 
 If any provision of this Indenture limits, qualifies, or conflicts with another provision which is
required or deemed to be included in this Indenture by the TIA, such required or deemed provision shall control. 

  
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 Section 10.2. Notices. 

Any notice or communication by the Company or the Trustee to the other, or by a Holder to the Company or the Trustee, is duly given if in
writing and delivered in person or mailed by first-class mail (registered or certified, return receipt requested), facsimile transmission, email or overnight air courier guaranteeing next day delivery, to the
others’ address if, in case of eelectornic notices, receipt is confirmed: 
 if to the Company: 

WCI Communities, Inc. 
 24301
Walden Center Drive 
 Bonita Springs, Florida 34134 

Attention: Chief Financial Officer 

Fax Number: (239) 498-8338 
 with a copy to
(which shall not constitute notice): 
 Latham & Watkins LLP 

885 Third Ave. 
 New York, New
York 10022 
 Attention: Marc D. Jaffe 

Telephone: (212) 751-4864 
 if to the
Trustee: 
 Wilmington Trust, National Association 

1100 North Market Street 

Attention: WCI Communities, Inc. Administrator 

Wilmington, Delaware 19890 
 Fax
Number: (302) 636-4145 
 with a copy to (which shall not constitute notice): 

Shipman & Goodwin LLP 

One Constitution Plaza 

Hartford, Connecticut 06104 

Attention: Marie C. Pollio 

Telephone: (860) 251-5561 

The Company or the Trustee by notice to the other may designate additional or different addresses for subsequent notices or communications.

 Any notice or communication to a Securityholder shall be sent electronically or by first-class mail to his address shown on the register
kept by the Registrar, in accordance with the procedures of the Depositary. Failure to mail a notice or communication to a Securityholder of any Series or any defect in it shall not affect its sufficiency with respect to other Securityholders of
that or any other Series. 

  
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 If a notice or communication is sent or published in the manner provided above, within the time
prescribed, it is duly given, whether or not the Securityholder receives it. 
 If the Company sends a notice or communication to
Securityholders, it shall send a copy to the Trustee and each Agent at the same time. 
 Notwithstanding any other provision of this
Indenture or any Security, where this Indenture or any Security provides for notice of any event (including any notice of redemption) to a Holder of a Global Security (whether by mail or otherwise), such notice shall be sufficiently given if given
to the Depositary for such Security (or its designee) pursuant to the customary procedures of such Depositary. 
 Section 10.3.
Communication by Holders with Other Holders. 
 Securityholders of any Series may communicate pursuant to TIA § 312(b) with
other Securityholders of that Series or any other Series with respect to their rights under this Indenture or the Securities of that Series or all Series. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA
§ 312(c). 
 Section 10.4. Certificate and Opinion as to Conditions Precedent. 

Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the
Trustee: 
 (a) an Officer’s Certificate stating that, in the opinion of the signers, all conditions precedent, if any,
provided for in this Indenture relating to the proposed action have been complied with; and 
 (b) an Opinion of Counsel
stating that, in the opinion of such counsel, all such conditions precedent have been complied with. 
 Section 10.5. Statements
Required in Certificate or Opinion. 
 Each certificate or opinion with respect to compliance with a condition or covenant provided for
in this Indenture (other than a certificate provided pursuant to TIA § 314(a)(4)) shall comply with the provisions of TIA § 314(e) and shall include: 

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

(b) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions
contained in such certificate or opinion are based; 

  
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 (c) a statement that, in the opinion of such person, he has made such
examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(d) a statement as to whether or not, in the opinion of such person, such condition or covenant has been complied with.

 Section 10.6. Rules by Trustee and Agents. 

The Trustee may make reasonable rules for action by or a meeting of Securityholders of one or more Series. Any Agent may make reasonable rules
and set reasonable requirements for its functions. 
 Section 10.7. Legal Holidays. 

Unless otherwise provided by Board Resolution, Officer’s Certificate or supplemental indenture hereto for a particular Series, a
“Legal Holiday” is any day that is not a Business Day. If a payment date is a Legal Holiday at a place of payment, payment may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall
accrue for the intervening period. 
 Section 10.8. No Recourse Against Others. 

A director, officer, employee or stockholder (past or present), as such, of the Company or any Guarantor shall not have any liability for any
obligations of the Company or such Guarantor under the Securities or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Securityholder by accepting a Security waives and releases all such
liability. The waiver and release are part of the consideration for the execution of this Indenture and the issue of the Securities. 

Section 10.9. Counterparts. 

This Indenture may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective
execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures
for all purposes. 
 Section 10.10. Governing Law. 

THIS INDENTURE, THE SECURITIES AND EACH GUARANTEE, IF ANY, INCLUDING ANY CLAIM OR CONTROVERSY ARISING OUT OF OR RELATING TO THE INDENTURE
OR THE SECURITIES, SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 

  
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 Section 10.11. No Adverse Interpretation of Other Agreements. 

This Indenture may not be used to interpret another indenture, loan or debt agreement of the Company, any Guarantor or any Subsidiary of the
Company or of any Guarantor. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 
 Section 10.12.
Successors. 
 All agreements of the Company in, or of any Guarantor pursuant to, this Indenture and the Securities or Guarantee, as
applicable, shall bind its successor. All agreements of the Trustee in this Indenture shall bind its successor. 
 Section 10.13.
Severability. 
 In case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 10.14. Table of Contents, Headings, Etc. 

The Table of Contents, Cross Reference Table, and headings of the Articles and Sections of this 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 10.15. Securities in a Foreign Currency. 

Unless otherwise specified in a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate delivered pursuant to
Section 2.2 of this Indenture with respect to a particular Series of Securities, whenever for purposes of this Indenture any action may be taken by the Holders of a specified percentage in aggregate principal amount of Securities of all Series
or all Series affected by a particular action at the time outstanding and, at such time, there are outstanding Securities of any Series which are denominated in more than one currency, then the principal amount of Securities of such Series which
shall be deemed to be outstanding for the purpose of taking such action shall be determined by converting any such other currency into a currency that is designated upon issuance of any particular Series of Securities. Unless otherwise specified in
a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate delivered pursuant to Section 2.2 of this Indenture with respect to a particular Series of Securities, such conversion shall be at the spot rate for the
purchase of the designated currency as published in The Financial Times in the “Currency Rates” section (or, if The Financial Times is no longer published, or if such information is no longer available in The Financial Times, such source
as may be selected in good faith by the Company) on any date of determination (the “Market Exchange Rate”). The provisions of this paragraph shall apply in determining the equivalent principal amount in respect of Securities of a
Series denominated in currency other than Dollars in connection with any action taken by Holders of Securities pursuant to the terms of this Indenture. 

  
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 All decisions and determinations provided for in the preceding paragraph shall, in the absence of
manifest error, to the extent permitted by law, be conclusive for all purposes and irrevocably binding upon the Trustee and all Holders. 

Section 10.16. Calculations. The Company will be responsible for making all calculations called for under this Indenture or the
Securities. The Company will make all such calculations in good faith and, absent manifest error, its calculations will be final and binding on Holders. The Company will provide a schedule of its calculations to the Trustee and the Trustee is
entitled to rely conclusively upon the accuracy of such calculations without independent verification. The Trustee will deliver a copy of such schedule to any Holder upon the written request of such Holder. 

Section 10.17. Judgment Currency. 

The Company agrees, to the fullest extent that it may effectively do so under applicable law, that (a) if for the purpose of obtaining
judgment in any court it is necessary to convert the sum due in respect of the principal of or interest or other amount on the Securities of any Series (the “Required Currency”) into a currency in which a judgment will be rendered
(the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New York the Required Currency with the Judgment Currency on the
day on which final unappealable judgment is entered, unless such day is not a New York Banking Day, then the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New
York the Required Currency with the Judgment Currency on the New York Banking Day preceding the day on which final unappealable judgment is entered and (b) its obligations under this Indenture to make payments in the Required Currency
(i) shall not be discharged or satisfied by any tender, any recovery pursuant to any judgment (whether or not entered in accordance with subsection (a)), in any currency other than the Required Currency, except to the extent that such tender or
recovery shall result in the actual receipt, by the payee, of the full amount of the Required Currency expressed to be payable in respect of such payments, (ii) shall be enforceable as an alternative or additional cause of action for the
purpose of recovering in the Required Currency the amount, if any, by which such actual receipt shall fall short of the full amount of the Required Currency so expressed to be payable, and (iii) shall not be affected by judgment being obtained
for any other sum due under this Indenture. For purposes of the foregoing, “New York Banking Day” means any day except a Saturday, Sunday or a legal holiday in The City of New York on which banking institutions are authorized or
required by law, regulation or executive order to close. 

  
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 Section 10.18. U.S.A. Patriot Act. The parties hereto acknowledge that in accordance with
Section 326 of the U.S.A. Patriot Act, the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or
legal entity that establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee to satisfy the requirements of
the U.S.A. Patriot Act. 
 Section 10.19. Force Majeure. 

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

SINKING FUNDS 
 Section 11.1.
Applicability of Article. 
 The provisions of this Article shall be applicable to any sinking fund for the retirement of the
Securities of a Series if so provided by the terms of such Securities pursuant to Section 2.2 and except as otherwise permitted or required by any form of Security of such Series issued pursuant to this Indenture. 

The minimum amount of any sinking fund payment provided for by the terms of the Securities of any Series is herein referred to as a
“mandatory sinking fund payment” and any other amount provided for by the terms of Securities of such Series is herein referred to as an “optional sinking fund payment.” If provided for by the terms of Securities of
any Series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 11.2. Each sinking fund payment shall be applied to the redemption of Securities of any Series as provided for by the terms of the
Securities of such Series. 
 Section 11.2. Satisfaction of Sinking Fund Payments with Securities. 

The Company may, in satisfaction of all or any part of any sinking fund payment with respect to the Securities of any Series to be made
pursuant to the terms of such Securities (1) deliver outstanding Securities of such Series to which such sinking fund payment is applicable (other than any of such Securities previously called for mandatory sinking fund redemption) and
(2) apply as credit Securities of such Series to which such sinking fund payment is applicable and which have been repurchased by the Company or redeemed either at the election of the Company pursuant to the terms of such Series of Securities
(except pursuant to any mandatory sinking fund) or through the application of permitted optional sinking fund payments or other optional redemptions pursuant to the terms of such Securities, provided that

  
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such Securities have not been previously so credited. Such Securities shall be received by the Trustee, together with an Officer’s Certificate with respect thereto, not later than 15 days
prior to the date on which the Trustee begins the process of selecting Securities for redemption, and shall be credited for such purpose by the Trustee at the price specified in such Securities for redemption through operation of the sinking fund
and the amount of such sinking fund payment shall be reduced accordingly. If as a result of the delivery or credit of Securities in lieu of cash payments pursuant to this Section 11.2, the principal amount of Securities of such Series to be
redeemed in order to exhaust the aforesaid cash payment shall be less than $100,000, the Trustee need not call Securities of such Series for redemption, except upon receipt of a Company Order that such action be taken, and such cash payment shall be
held by the Trustee or a Paying Agent and applied to the next succeeding sinking fund payment, provided, however, that the Trustee or such Paying Agent shall from time to time upon receipt of a Company Order pay over and deliver to the
Company any cash payment so being held by the Trustee or such Paying Agent upon delivery by the Company to the Trustee of Securities of that Series purchased by the Company having an unpaid principal amount equal to the cash payment required to be
released to the Company. 
 Section 11.3. Redemption of Securities for Sinking Fund. 

Not less than 45 days (unless otherwise indicated in the Board Resolution, supplemental indenture hereto or Officer’s Certificate in
respect of a particular Series of Securities) prior to each sinking fund payment date for any Series of Securities, the Company will deliver to the Trustee an Officer’s Certificate specifying the amount of the next ensuing mandatory sinking
fund payment for that Series pursuant to the terms of that Series, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting of Securities of that
Series pursuant to Section 11.2, and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and the Company shall thereupon be obligated to pay the amount therein specified. Not less than 30 days
(unless otherwise indicated in the Board Resolution, Officer’s Certificate or supplemental indenture in respect of a particular Series of Securities) before each such sinking fund payment date the Securities to be redeemed upon such sinking
fund payment date will be selected in the manner specified in Section 3.2 and the Company shall send or cause to be sent a notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in
and in accordance with Section 3.3. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 3.4, 3.5 and 3.6. 

ARTICLE XII. 
 GUARANTEES 

Section 12.1. Guarantees 

Any Series of Securities may be guaranteed by one or more Guarantors. The terms and the form of any such Guarantee shall be established in the
manner contemplated by Section 2.2 hereof for such Series of Securities; provided, however, that, prior to the authentication and delivery upon original issuance of any Series of Securities that are to be so guaranteed, the Company and the
Trustee and each person that shall be an initial Guarantor of 

  
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such Series of Securities shall execute and deliver a supplemental indenture hereto pursuant to Section 9.1 hereof, whereby such person shall become a Guarantor under this Indenture with
respect to such Series of Securities. 

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

			
	WCI COMMUNITIES, INC.
		
	 By:
	 	  

		 	Name:
		 	Its:
	
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee
		
	 By:
	 	  

		 	Name:
		 	Its:

  
 50

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