Document:

Form of Supplemental Indenture

 Exhibit 4.14 

 
  
 LACLEDE GAS COMPANY 
 TO 

UMB BANK & TRUST, N.A. 
 Trustee 
  

 
 Form of
Supplemental Indenture 
 Dated as of [—] 

 
  

First Mortgage Bonds 
 [—]% Series due 20[—] 
  

 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
			
	 Parties
	  		  	 	1	  
	 Recitals
	  		  	 	1	  
		  	 Previous Indentures
	  	 	1	  
		  	 Identity of the Company
	  	 	10	  
		  	 Identity of Trustee
	  	 	10	  
		  	 Outstanding Bonds
	  	 	10	  
		  	 Form of Fully Registered Bond of [    ] Series
	  	 	11	  
		  	 Form of Trustee’s Certificate of Authentication
	  	 	15	  
		  	 Compliance with legal requirements
	  	 	15	  
	 Granting Clause
	  	 	15	  
	 Exception Clause
	  	 	17	  
	 Habendum Clause
	  	 	17	  
	 Exceptions, Reservations, etc.
	  	 	17	  
	 Grant in trust
	  	 	17	  
	 Covenant Clause
	  	 	17	  
	
	ARTICLE I	  
	
	DEFINITIONS	  
	 SECTION 1.1
	  	 Terms Defined by Reference
	  	 	17	  
	 SECTION 1.2
	  	 Business Day
	  	 	18	  
	 SECTION 1.3
	  	 Trustee
	  	 	18	  
	 SECTION 1.4
	  	 Original Indenture
	  	 	18	  
	 SECTION 1.5
	  	 First Supplemental Indenture
	  	 	18	  
	 SECTION 1.6
	  	 Second Supplemental Indenture
	  	 	18	  
	 SECTION 1.7
	  	 Third Supplemental Indenture
	  	 	18	  
	 SECTION 1.8
	  	 Fourth Supplemental Indenture
	  	 	18	  
	 SECTION 1.9
	  	 Fifth Supplemental Indenture
	  	 	18	  
	 SECTION 1.10
	  	 Sixth Supplemental Indenture
	  	 	18	  
	 SECTION 1.11
	  	 Seventh Supplemental Indenture
	  	 	18	  
	 SECTION 1.12
	  	 Eighth Supplemental Indenture
	  	 	18	  
	 SECTION 1.13
	  	 Ninth Supplemental Indenture
	  	 	19	  
	 SECTION 1.14
	  	 Tenth Supplemental Indenture
	  	 	19	  
	 SECTION 1.15
	  	 Eleventh Supplemental Indenture
	  	 	19	  
	 SECTION 1.16
	  	 Twelfth Supplemental Indenture
	  	 	19	  
	 SECTION 1.17
	  	 Thirteenth Supplemental Indenture
	  	 	19	  
	 SECTION 1.18
	  	 Fourteenth Supplemental Indenture
	  	 	19	  
	 SECTION 1.19
	  	 Fifteenth Supplemental Indenture
	  	 	19	  
	 SECTION 1.20
	  	 Sixteenth Supplemental Indenture
	  	 	19	  
	 SECTION 1.21
	  	 Seventeenth Supplemental Indenture
	  	 	19	  
	 SECTION 1.22
	  	 Eighteenth Supplemental Indenture
	  	 	19	  
	 SECTION 1.23
	  	 Nineteenth Supplemental Indenture
	  	 	19	  

  
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	 SECTION 1.24
	  	 Twentieth Supplemental Indenture
	  	 	19	  
	 SECTION 1.25
	  	 Twenty-First Supplemental Indenture
	  	 	20	  
	 SECTION 1.26
	  	 Twenty-Second Supplemental Indenture
	  	 	20	  
	 SECTION 1.27
	  	 Twenty-Third Supplemental Indenture
	  	 	20	  
	 SECTION 1.28
	  	 Twenty-Fourth Supplemental Indenture
	  	 	20	  
	 SECTION 1.29
	  	 Twenty-Fifth Supplemental Indenture
	  	 	20	  
	 SECTION 1.30
	  	 Twenty-Sixth Supplemental Indenture
	  	 	20	  
	 SECTION 1.31
	  	 Twenty-Seventh Supplemental Indenture
	  	 	20	  
	 SECTION 1.32
	  	 Twenty-Eighth Supplemental Indenture
	  	 	20	  
	 SECTION 1.33
	  	 Twenty-Ninth Supplemental Indenture
	  	 	20	  
	 SECTION 1.34
	  	 Thirtieth Supplemental Indenture
	  	 	20	  
	 SECTION 1.35
	  	 Thirty-First Supplemental Indenture
	  	 	20	  
	 SECTION 1.36
	  	 Mortgage
	  	 	20	  
	 SECTION 1.37
	  	 Hereof, Hereunder, etc.
	  	 	21	  
	 SECTION 1.38
	  	 20[—] Series
	  	 	21	  
	
	ARTICLE II	  
	
	 CREATION, DESCRIPTION, REGISTRATION, TRANSFER AND

EXCHANGE OF THE 20[—] SERIES OF BONDS
	   
   

			
	 SECTION 2.1
	  	 Creation and principal amount of the 20[—] Series
	  	 	21	  
	 SECTION 2.2
	  	 Date of Bonds
	  	 	21	  
	 SECTION 2.3
	  	 Denominations, etc.
	  	 	21	  
	 SECTION 2.4
	  	 Exchange of Bonds
	  	 	21	  
	 SECTION 2.5
	  	 Registration of Bonds
	  	 	21	  
	 SECTION 2.6
	  	 Temporary Bonds
	  	 	22	  
	 SECTION 2.7
	  	 Payment of Defaulted Interest
	  	 	22	  
	 SECTION 2.8
	  	 Transfers or Exchanges of Bonds called for redemption
	  	 	22	  
	
	ARTICLE III	  
	
	REDEMPTION OF BONDS OF THE 20[—] SERIES	  
			
	 SECTION 3.1
	  	 Circumstances in Which Redeemable
	  	 	22	  
	 SECTION 3.2
	  	 Additional Circumstances in Which Redeemable
	  	 	23	  
	 SECTION 3.3
	  	 Notice of Intention to Redeem
	  	 	23	  
	 SECTION 3.4
	  	 No Other Redemptions
	  	 	23	  
	
	ARTICLE IV	  
	
	PARTICULAR COVENANTS OF THE COMPANY	  
			
	 SECTION 4.1
	  	 Restrictions as to Dividends
	  	 	23	  
	 SECTION 4.2
	  	 Earnings Requirements for Additional Bonds
	  	 	24	  
	 SECTION 4.3
	  	 Postponement of Interest
	  	 	25	  

  
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	ARTICLE V	 
	
	COMPANY’S RESERVATION OF RIGHTS	  
			
	 SECTION 5.1
	  	 Company’s Reservation of Rights
	  	 	26	  
	 SECTION 5.2
	  	 Bondholder Consent to Amendments; Designation of Company as Proxy
	  	 	34	  
	
	ARTICLE VI	  
	
	MISCELLANEOUS	  
			
	 SECTION 6.1
	  	 Provisions Required by Trust Indenture Act of 1939 to Control
	  	 	34	  
	 SECTION 6.2
	  	 Acceptance of Trust
	  	 	34	  
	 SECTION 6.3
	  	 This Indenture Part of Original Indenture
	  	 	34	  
	 SECTION 6.4
	  	 Execution in Any Number of Counterparts
	  	 	34	  
	 SECTION 6.5
	  	 Date of Execution
	  	 	35	  

  
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 [—] SUPPLEMENTAL INDENTURE, dated as of
the [—] day of [—], 20[—] between LACLEDE GAS COMPANY, a corporation duly organized and existing
under the laws of the State of Missouri, having its principal place of business at 720 Olive Street, St. Louis, Missouri 63101, hereinafter sometimes called the “Company,” party of the first part, and UMB BANK & TRUST, N.A., a
national banking association organized under the laws of the United States, having its principal place of business and corporate trust office at Two South Broadway, St. Louis, Missouri 63102, hereinafter sometimes called the “Trustee,”
party of the second part. 
 WHEREAS, there have heretofore been duly executed and delivered the following four indentures
between the Company and Mississippi Valley Trust Company, to-wit: 
 (a) An indenture of mortgage and deed of trust, hereinafter
sometimes called the “Original Indenture,” dated as of February 1, 1945, which is recorded in the office of the Recorder of Deeds of the City of St. Louis, Missouri, in Book 6324 at Page 93 and in the office of the Recorder of Deeds
of St. Louis County, Missouri, in Book 2078 at Page 12 and in the office of the Recorder of Deeds of Boone County, Missouri, in Book 294 at Page 399 and in the office of the Recorder of Deeds of Jefferson County, Missouri, in Book 434 at Page 480
and in the office of the Recorder of Deeds of St. Francois County, Missouri, in Book 551 at Page 593 and in the office of the Recorder of Deeds of Ste. Genevieve County, Missouri, in Book 198 at Page 629 and in the office of the Recorder of Deeds of
Madison County, Missouri, in Book 77 at Page 1 and in the office of the Recorder of Deeds of Iron County, Missouri, in Book 224 at Page 451 and in the office of the Recorder of Deeds of Butler County, Missouri, in Book 503 at Page 606 and is filed
in the office of the Secretary of State of Missouri under filing number 26,557 and is filed in the office of the Secretary of State of Missouri pursuant to R.S.Mo. 443.451 under filing number 2590088; and 

(b) A supplemental indenture, hereinafter sometimes called the “First Supplemental Indenture,” dated as of December 1,
1946, which is recorded in the office of the Recorder of Deeds of the City of St. Louis, Missouri, in Book 6562 at Page 528, and in the office of the Recorder of Deeds of St. Louis County, Missouri, in Book 2268 at Page 273; and 

(c) A supplemental indenture, hereinafter sometimes called the “Second Supple-mental Indenture,” dated as of March 15,
1948, which is recorded in the office of the Recorder of Deeds of the City of St. Louis, Missouri, in Book 6687 at Page 467, and in the office of the Recorder of Deeds of St. Louis County, Missouri, in Book 2327 at Page 357; and 

(d) A supplemental indenture, hereinafter sometimes called the “Third Supplemental Indenture,” dated as of April 1, 1951,
which is recorded in the office of the Recorder of Deeds of the City of St. Louis, Missouri, in Book 7079 at Page 125 and in the office of the Recorder of Deeds of St. Louis County, Missouri, in Book 2869 at Page 275; and 

WHEREAS, there have been heretofore duly executed and delivered four indentures between the Company and Mercantile Trust Company, to-wit:

 (a) A supplemental indenture, hereinafter sometimes called the “Fourth Supple-mental Indenture,” dated as of
December 1, 1954, which is recorded in the office of the Recorder of Deeds of the City of St. Louis, Missouri, in Book 7458 at Page 400 and in the office of the 

  
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Recorder of Deeds of St. Louis County, Missouri, in Book 3342 at Page 34 and in the office of the Recorder of Deeds of Boone County, Missouri, in Book 294 at Page 477 and in the office of the
Recorder of Deeds of Jefferson County, Missouri, in Book 434 at Page 574 and in the office of the Recorder of Deeds of St. Francois County, Missouri, in Book 552 at Page 1 and in the office of the Recorder of Deeds of Ste. Genevieve County,
Missouri, in Book 198 at Page 721 and in the office of the Recorder of Deeds of Madison County, Missouri, in Book 77 at Page 183 and in the office of the Recorder of Deeds of Iron County, Missouri, in Book 224 at Page 632 and in the office of the
Recorder of Deeds of Butler County, Missouri, in Book 507 at Page 1 and is filed in the office of the Secretary of State of Missouri under filing number 26,558; and 
 (b) A supplemental indenture, hereinafter sometimes called the “Fifth Supplemental Indenture,” dated as of May 1, 1957, which is recorded in the office of the Recorder of Deeds of the City
of St. Louis, Missouri, in Book 7731 at Page 152 and in the office of the Recorder of Deeds of St. Louis County, Missouri, in Book 3766 at Page 1 and in the office of the Recorder of Deeds of Boone County, Missouri, in Book 294 at Page 494 and in
the office of the Recorder of Deeds of Jefferson County, Missouri, in Book 434 at Page 611 and in the office of the Recorder of Deeds of St. Francois County, Missouri, in Book 552 at Page 38 and in the office of the Recorder of Deeds of Ste.
Genevieve County, Missouri, in Book 199 at Page 1 and in the office of the Recorder of Deeds of Madison County, Missouri, in Book 77 at Page 220 and in the office of the Recorder of Deeds of Iron County, Missouri, in Book 226 at Page 1 and in the
office of the Recorder of Deeds of Butler County, Missouri, in Book 507 at Page 38 and is filed in the office of the Secretary of State of Missouri under filing number 26,559; and 

(c) A supplemental indenture, hereinafter sometimes called the “Sixth Supplemental Indenture,” dated as of July 1, 1960,
which is recorded in the office of the Recorder of Deeds of the City of St. Louis, Missouri, in Book 8087 at Page 55 and in the office of the Recorder of Deeds of St. Louis County, Missouri, in Book 4348 at Page 1 and in the office of the Recorder
of Deeds of Boone County, Missouri, in Book 294 at Page 535 and in the office of the Recorder of Deeds of Jefferson County, Missouri, in Book 434 at Page 651 and in the office of the Recorder of Deeds of St. Francois County, Missouri, in Book 552 at
Page 78 and in the office of the Recorder of Deeds of Ste. Genevieve County, Missouri, in Book 199 at Page 22 and in the office of the Recorder of Deeds of Madison County, Missouri, in Book 77 at Page 260 and in the office of the Recorder of Deeds
of Iron County, Missouri, in Book 226 at Page 42 and in the office of the Recorder of Deeds of Butler County, Missouri, in Book 507 at Page 62 and is filed in the office of the Secretary of State of Missouri under filing number 26,560; and

 (d) A supplemental indenture, hereinafter sometimes called the “Seventh Supple-mental Indenture,” dated as of
June 1, 1964, which is recorded in the office of the Recorder of Deeds of the City of St. Louis, Missouri, in Book 8506 at Page 215 and in the office of the Recorder of Deeds of St. Louis County, Missouri, in Book 5410 at Page 399 and in the
office of the Recorder of Deeds of Boone County, Missouri, in Book 342 at Page 2 and in the office of the Recorder of Deeds of Jefferson County, Missouri, in Book 434 at Page 697 and in the office of the Recorder of Deeds of St. Francois County,
Missouri, in Book 552 at Page 124 and in the office of the Recorder of Deeds of Ste. Genevieve County, Missouri, in Book 199 at Page 46 and in the office of the Recorder of Deeds of Madison County, Missouri, in Book 77 at Page 306 and in the office
of the Recorder of Deeds of Iron County, Missouri, in Book 226 at Page 89 and in the office of the Recorder of Deeds of Butler County, Missouri, in Book 507 at Page 90 and is filed in the office of the Secretary of State of Missouri under filing
number 26,561; and 

  
 2 

 WHEREAS, there have been heretofore duly executed and delivered eight indentures between the
Company and Mercantile Trust Company National Association, to-wit: 
 (a) A supplemental indenture, hereinafter sometimes called
the “Eighth Supple-mental Indenture,” dated as of April 15, 1966, which is recorded in the office of the Recorder of Deeds of the City of St. Louis, Missouri, in Book 8678 at Page 1 and in the office of the Recorder of Deeds of St.
Louis County, Missouri, in Book 5949 at Page 450 and in the office of the Recorder of Deeds of Boone County, Missouri, in Book 361 at Page 148 and in the office of the Recorder of Deeds of Jefferson County, Missouri, in Book 434 at Page 746 and in
the office of the Recorder of Deeds of St. Francois County, Missouri, in Book 552 at Page 172 and in the office of the Recorder of Deeds of Ste. Genevieve County, Missouri, in Book 199 at Page 71 and in the office of the Recorder of Deeds of Madison
County, Missouri, in Book 77 at Page 354 and in the office of the Recorder of Deeds of Iron County, Missouri, in Book 226 at Page 138 and in the office of the Recorder of Deeds of Butler County, Missouri, in Book 507 at Page 118 and is filed in the
office of the Secretary of State of Missouri under filing number 28,645; and 
 (b) A supplemental indenture, hereinafter
sometimes called the “Ninth Supplemental Indenture,” dated as of May 1, 1968, which is recorded in the office of the Recorder of Deeds of the City of St. Louis, Missouri, in Book 8834 at Page 213 and in the office of the Recorder of
Deeds of St. Louis County, Missouri, in Book 6323 at Page 1904 and in the office of the Recorder of Deeds of Boone County, Missouri, in Book 389 at Page 888 and in the office of the Recorder of Deeds of St. Charles County, Missouri, in Book 498 at
Page 408 and in the office of the Recorder of Deeds of Jefferson County, Missouri, in Book 434 at Page 790 and in the office of the Recorder of Deeds of St. Francois County, Missouri, in Book 552 at Page 216 and in the office of the Recorder of
Deeds of Ste. Genevieve County, Missouri, in Book 199 at Page 94 and in the office of the Recorder of Deeds of Madison County, Missouri, in Book 77 at Page 398 and in the office of the Recorder of Deeds of Iron County, Missouri, in Book 226 at Page
183 and in the office of the Recorder of Deeds of Butler County, Missouri, in Book 507 at Page 145 and is filed in the office of the Secretary of State of Missouri under filing number 87,403; and 

(c) A supplemental indenture, hereinafter sometimes called the “Tenth Supplemental Indenture,” dated as of May 15, 1970,
which is recorded in the office of the Recorder of Deeds of the City of St. Louis, Missouri, in Book 8988 at Page 52 and in the office of the Recorder of Deeds of St. Louis County, Missouri, in Book 6456 at Page 132 and in the office of the Recorder
of Deeds of Boone County, Missouri, in Book 396 at Page 560 and in the office of the Recorder of Deeds of St. Charles County, Missouri, in Book 554 at Page 79 and in the office of the Recorder of Deeds of Jefferson County, Missouri, in Book 434 at
Page 829 and in the office of the Recorder of Deeds of St. Francois County, Missouri, in Book 552 at Page 255 and in the office of the Recorder of Deeds of Ste. Genevieve County, Missouri, in Book 199 at Page 114 and in the office of the Recorder of
Deeds of Madison County, Missouri, in Book 77 at Page 436 and in the office of the Recorder of Deeds of Iron County, Missouri, in Book 226 at Page 223 and in the office of the Recorder of Deeds of Butler County, Missouri, in Book 507 at Page 168 and
is filed in the office of the Secretary of State of Missouri under filing number 154,857; and 

  
 3 

 (d) A supplemental indenture, hereinafter sometimes called the “Eleventh Supple-mental
Indenture,” dated as of March 15, 1972, which is recorded in the office of the Recorder of Deeds of the City of St. Louis, Missouri, in Book 9133 at Page 4 and in the office of the Recorder of Deeds of St. Louis County, Missouri, in Book
6577 at Page 1993 and in the office of the Recorder of Deeds of Boone County, Missouri, in Book 401 at Page 706 and in the office of the Recorder of Deeds of St. Charles County, Missouri, in Book 620 at Page 157 and in the office of the Recorder of
Deeds of Jefferson County, Missouri, in Book 435 at Page 23 and in the office of the Recorder of Deeds of Ste. Genevieve County, Missouri, in Book 199 at Page 210 and in the office of the Recorder of Deeds of St. Francois County, Missouri, in Book
552 at Page 640 and in the office of the Recorder of Deeds of Iron County, Missouri, in Book 226 at Page 282 and in the office of the Recorder of Deeds of Madison County, Missouri, in Book 78 at Page 1 and in the office of the Recorder of Deeds of
Butler County, Missouri, in Book 507 at Page 265 and is filed in the office of the Secretary of State of Missouri under filing number 234,221; and 
 (e) A supplemental indenture, hereinafter sometimes called the “Twelfth Supple-mental Indenture,” dated as of March 15, 1974, which is recorded in the office of the Recorder of Deeds of the
City of St. Louis, Missouri, in Book 40M at Page 1 and in the office of the Recorder of Deeds of St. Louis County, Missouri, in Book 6721 at Page 91 and in the office of the Recorder of Deeds of Boone County, Missouri, in Book 407 at Page 888 and in
the office of the Recorder of Deeds of St. Charles County, Missouri, in Book 677 at Page 1445 and in the office of the Recorder of Deeds of Jefferson County, Missouri, in Book 465 at Page 976 and in the office of the Recorder of Deeds of Ste.
Genevieve County, Missouri, in Book 210 at Page 255 and in the office of the Recorder of Deeds of St. Francois County, Missouri, in Book 598 at Page 683 and in the office of the Recorder of Deeds of Iron County, Missouri, in Book 237 at Page 1 and
in the office of the Recorder of Deeds of Madison County, Missouri, in Book 84 at Page 117 and in the office of the Recorder of Deeds of Butler County, Missouri, in Book 535 at Page 540 and in the office of the Recorder of Deeds of Beckham County,
Oklahoma, in Book 127 at Page 149 and in the office of the County Clerk of Wheeler County, Texas, in Trust Vol. 58 at Page 731 and is filed in the office of the Secretary of State of Missouri under filing number 333,360; and 

(f) A supplemental indenture, hereinafter sometimes called the “Thirteenth Supple-mental Indenture,” dated as of June 1,
1975, which is recorded in the office of the Recorder of Deeds of the City of St. Louis, Missouri, in Book 70M at Page 2061 and in the office of the Recorder of Deeds of St. Louis County, Missouri, in Book 6796 at Page 1447 and in the office of the
Recorder of Deeds of Boone County, Missouri, in Book 411 at Page 9 and in the office of the Recorder of Deeds of St. Charles County, Missouri, in Book 704 at Page 1739 and in the office of the Recorder of Deeds of Jefferson County, Missouri, in Book
481 at Page 292 and in the office of the Recorder of Deeds of Ste. Genevieve County, Missouri, in Book 124 at Page 225 and in the office of the Recorder of Deeds of St. Francois County, Missouri, in Book 624 at Page 359 and in the office of the
Recorder of Deeds of Iron County, Missouri, in Book 242 at Page 234 and in the office of the Recorder of Deeds of Madison County, Missouri, in Book 86 at Pages 483-532 and in the office of the Recorder of Deeds of Butler County, Missouri, in Book
547 at Page 300 and in the office of the Recorder of Deeds of Beckham County, Oklahoma, in Book 130 at Page 416 and in the office of the County Clerk of Wheeler County, Texas, in Trust Vol. 59 at Page 649 and in the office of the Clerk of Court for
Sabine Parish, Louisiana, under Registry No. 227328 in Mtg. Book 108 at Page 478 and in the office of the Clerk of Court for 

  
 4 

 
DeSoto Parish, Louisiana, under Registry No. 378628 in Mtg. Book 115 at Page 803 and in the office of the Clerk of Court for St. Mary Parish, Louisiana, under Registry No. 124894 in
Mtg. Book 343 at Page 293 and in the office of the Clerk of Court for Red River Parish, Louisiana, under Registry No. 128419 in Mtg. Book 75 at Page 546 and is filed in the office of the Secretary of State of Missouri under filing number
397,857; and 
 (g) A supplemental indenture, hereinafter sometimes called the “Fourteenth Supple-mental Indenture,”
dated as of October 26, 1976, which is recorded in the office of the Recorder of Deeds of the City of St. Louis, Missouri, in Book 108M at Page 131 and in the office of the Recorder of Deeds of St. Louis County, Missouri, in Book 6907 at Page
1970 and in the office of the Recorder of Deeds of Boone County, Missouri, in Book 416 at Page 192 and in the office of the Recorder of Deeds of St. Charles County, Missouri, in Book 745 at Page 40 and in the office of the Recorder of Deeds of
Jefferson County, Missouri, in Book 507 at Page 669 and in the office of the Recorder of Deeds of Ste. Genevieve County, Missouri, in Book 241 at Page 279 and in the office of the Recorder of Deeds of St. Francois County, Missouri, in Book 654 at
Page 132 and in the office of the Recorder of Deeds of Iron County, Missouri, in Book 248 at Page 795 and in the office of the Recorder of Deeds of Madison County, Missouri, in Book 89 at Pages 694-700 and in the office of the Recorder of Deeds of
Butler County, Missouri, in Book 565 at Page 57 and in the office of the Recorder of Deeds of Beckham County, Oklahoma, in Book 315 at Page 146 and in the office of the County Clerk of Wheeler County, Texas, in the Deed Records Vol. 260 at Page 991
and in the office of the Clerk of Court for Sabine Parish, Louisiana, under Registry No. 233001 in Mtg. Book 114 at Page 208 and in the office of the Clerk of Court for DeSoto Parish, Louisiana, under Registry No. 389929 in Mtg. Book 122
at Page 15 and in the office of the Clerk of Court for St. Mary Parish, Louisiana, under Registry No. 129850 in Mtg. Book 360 at Page 593 and in the office of the Clerk of Court for Red River Parish, Louisiana, under Registry No. 131795 in
Mtg. Book 79 at Page 21 and is filed in the office of the Secretary of State of Missouri under filing number 479,397 and is filed in the office of the Secretary of State of Missouri pursuant to R.S.Mo. 443.451 under filing number 2590089; and

 (h) A supplemental indenture, hereinafter sometimes called the “Fifteenth Supple-mental Indenture,” dated as of
July 15, 1979, which is recorded in the office of the Recorder of Deeds of the City of St. Louis, Missouri, in Book 202M at Page 1288 and in the office of the Recorder of Deeds of St. Louis County, Missouri, in Book 7181 at Page 23 and in the
office of the Recorder of Deeds of Boone County, Missouri, in Book 430 at Page 273 and in the office of the Recorder of Deeds of St. Charles County, Missouri, in Book 846 at Page 880 and in the office of the Recorder of Deeds of Jefferson County,
Missouri, in Book 580 at Page 278 and in the office of the Recorder of Deeds of Ste. Genevieve County, Missouri, in Book 285 at Page 93 and in the office of the Recorder of Deeds of St. Francois County, Missouri, in Book 722 at Page 57 and in the
office of the Recorder of Deeds of Iron County, Missouri, in Book 262 at Pages 709-770 and in the office of the Recorder of Deeds of Madison County, Missouri, in Book 98 at Pages 720-781 and in the office of the Recorder of Deeds of Butler County,
Missouri, in Book 597 at Page 661 and in the office of the County Clerk of Beckham County, Oklahoma, in Misc. Record Book 385 at Page 230 and in the office of the County Clerk of Roger Mills County, Oklahoma, in Book 273 at Pages 54-116 and in the
office of the County Clerk of Blaine County, Oklahoma, in Book 325 Misc. Page 1 and in the office of the County Clerk of Wheeler County, Texas, in Deed of Trust Records, Vol. 64 at Page 707 and in the office of the County Clerk of

  
 5 

 
Lipscomb County, Texas, in the Deed of Trust Records, Vol. 196 at Page 607 and in the office of the County Clerk of Roberts County, Texas, in the Deed of Trust Records, Vol. 30 at Page 45 and in
the office of the County Clerk of Hemphill County, Texas, in the Deed of Trust Records, Vol. 59 at Page 428 and in the office of the Clerk of the Court for St. Mary Parish, Louisiana, under Registry No. 141319 in Mtg. Book 402 at Page 2 and in
the office of the Clerk of the Court for the DeSoto Parish, Louisiana, under Registry No. 417237 in Mtg. Book 136 at Page 524 and in the office of the Clerk of the Court for Sabine Parish, Louisiana, under Registry No. 246026 in Mtg. Book
128 at Page 86 and in the office of the Clerk of the Court for Red River Parish, Louisiana, under Registry No. 141470 in Mtg. Book 87 at Page 619 and in the office of the Clerk of the Court for Terrebonne Parish, Louisiana, under Registry
No. 602396 and is filed in the office of the Secretary of State of Missouri under Document Number 667303; and 
 WHEREAS,
there have been heretofore duly executed and delivered two indentures between the Company and Mercantile Bank National Association, to-wit: 
 (a) A supplemental indenture, hereinafter sometimes called the “Sixteenth Supple-mental Indenture,” dated as of May 1, 1986, which is recorded in the office of the Recorder of Deeds of the
City of St. Louis, Missouri, in Book M-529 at Page 655 and in the office of the Recorder of Deeds of St. Louis County, Missouri, in Book 7902 at Page 1138 and in the office of the Recorder of Deeds of Boone County, Missouri, in Book 573 at Page 2
and in the office of the Recorder of Deeds of St. Charles County, Missouri, in Book 1080 at Page 1577 and in the office of the Recorder of Deeds of Jefferson County, Missouri, in Book 197 at Page 1 and in the office of the Recorder of Deeds of Ste.
Genevieve County, Missouri, in Book 407 at Page 137 and in the office of the Recorder of Deeds of St. Francois County, Missouri, in Book 894 at Page 138 and in the office of the Recorder of Deeds of Iron County, Missouri, in Book 293 at Page 797 and
in the office of the Recorder of Deeds of Madison County, Missouri, in Book 116 at Page 589 and in the office of the Recorder of Deeds of Butler County, Missouri, in Book 669 at Page 228 and in the office of the County Clerk of Roger Mills County,
Oklahoma, in Book 807 at Page 120 and in the office of the County Clerk of Wheeler County, Texas, in Deed of Trust Records, Vol. 91 at Page 191, and in Deed Records, Vol. 348 at Page 69 and in the office of the Secretary of State of Texas under
Document Number 131214 and is filed in the office of the Secretary of State of Missouri under Document Number 1322775; and 

(b) A supplemental indenture, hereinafter sometimes called the “Seventeenth Supplemental Indenture,” dated as of May 15,
1988, which is recorded in the office of the Recorder of Deeds of the City of St. Louis, Missouri, in Book M-669 at Page 258 and in the office of the Recorder of Deeds of St. Louis County, Missouri, in Book 8315 at Page 902 and in the office of the
Recorder of Deeds of Boone County, Missouri, in Book 676 at Page 449 and in the office of the Recorder of Deeds of St. Charles County, Missouri, in Book 1212 at Page 1948 and in the office of the Recorder of Deeds of Jefferson County, Missouri, in
Book 396 at Page 1987 and in the office of the Recorder of Deeds of Ste. Genevieve County, Missouri, in Book 459 at Page 289 and in the office of the Recorder of Deeds of St. Francois County, Missouri, in Book 962 at Page 8 and in the office of the
Recorder of Deeds of Iron County, Missouri, in Book 303 at Page 527 and in the office of the Recorder of Deeds of Madison County, Missouri, in Book 123 at Page 243 and in the office of the Recorder of Deeds of Butler County, Missouri, in Book 691 at
Page 620 and in the office of the County Clerk of Roger Mills County, Oklahoma, in Book 973 at Page 1 and in the office of the County Clerk of Wheeler County, Texas, in Deed 

  
 6 

 
of Trust Records, Vol. 91 at Page 234, and in Deed Records, Vol. 369 at Page 386 and in the office of the Secretary of State of Texas under Document Number 86131214 and is filed in the office of
the Secretary of State of Missouri under Document Number 1596374 and is filed in the office of the Secretary of State of Missouri pursuant to R.S.Mo. 443.451 under filing number 2590090; and 

WHEREAS, there have been heretofore duly executed and delivered five indentures between the Company and Mercantile Bank of St. Louis
National Association, to-wit: 
 (a) A supplemental indenture, hereinafter sometimes called the “Eighteenth Supple-mental
Indenture,” dated as of November 15, 1989, which is recorded in the office of the Recorder of Deeds of the City of St. Louis, Missouri, in Book 762M at Page 1126 and in the office of the Recorder of Deeds of St. Louis County, Missouri, in
Book 8646 at Page 2196 and in the office of the Recorder of Deeds of Boone County, Missouri, in Book 748 at Page 17 and in the office of the Recorder of Deeds of St. Charles County, Missouri, in Book 1294 at Page 631 and in the office of the
Recorder of Deeds of Jefferson County, Missouri, in Book 442 at Page 14 and in the office of the Recorder of Deeds of Ste. Genevieve County, Missouri, in Book 498 at Page 13 and in the office of the Recorder of Deeds of St. Francois County,
Missouri, in Book 1012 at Page 36 and in the office of the Recorder of Deeds of Iron County, Missouri, in Book 311 at Page 503 and in the office of the Recorder of Deeds of Madison County, Missouri, in Book 127 at Page 682 and in the office of the
Recorder of Deeds of Butler County, Missouri, in Book 709 at Page 78 and in the office of the County Clerk of Roger Mills County, Oklahoma, in Book 1094 at Page 263 and in the office of the County Clerk of Wheeler County, Texas, in Deed of Trust
Records, Vol. 93 at Page 630 and in the office of the Secretary of State of Texas under Document Number 252980 and is filed in the office of the Secretary of State of Missouri under Document Number 1798065 and is filed in the office of the Secretary
of State of Missouri pursuant to R.S.Mo. 443.451 under filing number 2590091; and 
 (b) A supplemental indenture, hereinafter
sometimes called the “Nineteenth Supple-mental Indenture,” dated as of May 15, 1991, which is recorded in the office of the Recorder of Deeds of the City of St. Louis, Missouri, in Book 848 at Page 716 and in the office of the
Recorder of Deeds of St. Louis County, Missouri, in Book 8983 at Page 1095 and in the office of the Recorder of Deeds of Boone County, Missouri, in Book 821 at Page 79 and in the office of the Recorder of Deeds of St. Charles County, Missouri, in
Book 1370 at Page 1846 and in the office of the Recorder of Deeds of Jefferson County, Missouri, in Book 483 at Page 1909 and in the office of the Recorder of Deeds of Ste. Genevieve County, Missouri, in Book 541 at Page 82 and in the office of the
Recorder of Deeds of St. Francois County, Missouri, in Book 1060 at Page 253 and in the office of the Recorder of Deeds of Iron County, Missouri, in Book 319 at Page 355 and in the office of the Recorder of Deeds of Madison County, Missouri, in Book
132 at Page 44 and in the office of the Recorder of Deeds of Butler County, Missouri, in Book 725 at Page 442 and in the office of the County Clerk of Roger Mills County, Oklahoma, in Book 1213 at Page 105, UCC Filing No. 135, and in the office
of the County Clerk of Oklahoma County, Oklahoma, UCC Filing No. 023021, and in the office of the County Clerk of Wheeler County, Texas, in Deed of Trust Records, Vol. 96 at Page 96 and in Deed Records, Book 399 at Page 254, and in the office
of the Secretary of State of Texas under Document Number 088153 and is filed in the office of the Secretary of State of Missouri under Document Number 1999268 and is filed in the office of the Secretary of State of Missouri pursuant to R.S.Mo.
443.451 under filing number 2590092; and 

  
 7 

 (c) A supplemental indenture, hereinafter sometimes called the “Twentieth Supple-mental
Indenture,” dated as of November 1, 1992, which is recorded in the office of the Recorder of Deeds of the City of St. Louis, Missouri, in Book M945 at Page 1068 and in the office of the Recorder of Deeds of St. Louis County, Missouri, in
Book 9494 at Page 423 and in the office of the Recorder of Deeds of Boone County, Missouri, in Book 937 at Page 144 and in the office of the Recorder of Deeds of St. Charles County, Missouri, in Book 1491 at Page 1289 and in the office of the
Recorder of Deeds of Jefferson County, Missouri, in Book 543 at Page 2135 and in the office of the Recorder of Deeds of Ste. Genevieve County, Missouri, in Book 594 at Page 10 and in the office of the Recorder of Deeds of St. Francois County,
Missouri, in Book 1121 at Page 458 and in the office of the Recorder of Deeds of Iron County, Missouri, in Book 326 at Page 888 and in the office of the Recorder of Deeds of Madison County, Missouri, in Book 137 at Page 166 and in the office of the
Recorder of Deeds of Butler County, Missouri, in Book 747 at Page 72 and in the office of the Recorder of Deeds of Franklin County, Missouri, in Book 712 at Page 889 and in the office of the County Clerk of Roger Mills County, Oklahoma, in Book 1303
at Page 39, UCC Filing No. 296, and in the office of the County Clerk of Oklahoma County, Oklahoma, UCC Filing No. 056514, and in the office of the County Clerk of Wheeler County, Texas, in Deed of Trust Records, Book 98 at Page 88 and in
Deed Records, Book 409 at Page 589, and in the office of the Secretary of State of Texas under Document Number 212435 and is filed in the office of the Secretary of State of Missouri under Document Number 2188520 and is filed in the office of the
Secretary of State of Missouri pursuant to R.S.Mo. 443.451 under filing number 2590093; and 
 (d) A supplemental indenture,
hereinafter sometimes called the “Twenty-First Supplemental Indenture,” dated as of May 1, 1993, which is recorded in the office of the Recorder of Deeds of the City of St. Louis, Missouri, in Book M982 at Page 0356 and in the office
of the Recorder of Deeds of St. Louis County, Missouri, in Book 9701 at Page 797 and in the office of the Recorder of Deeds of Boone County, Missouri, in Book 979 at Page 722 and in the office of the Recorder of Deeds of St. Charles County,
Missouri, in Book 1542 at Page 1449 and in the office of the Recorder of Deeds of Jefferson County, Missouri, in Book 567 at Page 2217 and in the office of the Recorder of Deeds of Ste. Genevieve County, Missouri, in Book 610 at Page 136 and in the
office of the Recorder of Deeds of St. Francois County, Missouri, in Book 1142 at Page 84 and in the office of the Recorder of Deeds of Iron County, Missouri, in Book 328 at Page 508 and in the office of the Recorder of Deeds of Madison County,
Missouri, in Book 139 at Page 361 and in the office of the Recorder of Deeds of Butler County, Missouri, in Book 753 at Page 328 and in the office of the Recorder of Deeds of Franklin County, Missouri, in Book 743 at Page 638 and in the office of
the County Clerk of Roger Mills County, Oklahoma, in Book 1337 at Page 10, UCC Filing No. 109, and in the office of the County Clerk of Oklahoma County, Oklahoma, UCC Filing No. 023874 and in the office of the County Clerk of Wheeler
County, Texas, in Deed of Trust Records, Book 98 at Page 804 and in Deed Records, Book 413 at Page 387, and in the office of the Secretary of State of Texas under Document No. 086970 and is filed in the office of the Secretary of State of
Missouri under Document No. 2259648 and is filed in the office of the Secretary of State of Missouri pursuant to R.S.Mo. 443.451 under filing number 2590094; and 

  
 8 

 (e) A supplemental indenture, hereinafter sometimes called the “Twenty-Second
Supplemental Indenture,” dated as of November 15, 1995, which is filed in the office of the Secretary of State of Missouri pursuant to R.S.Mo. 443.451 under filing number 2604323; and 

WHEREAS, there have been heretofore duly executed and delivered three indentures between the Company and State Street Bank and Trust
Company of Missouri, N.A., to-wit: 
 (a) A supplemental indenture, hereinafter sometimes called the “Twenty-Third
Supplemental Indenture,” dated as of October 15, 1997, which is filed in the office of the Secretary of State of Missouri pursuant to R.S.Mo. 443.451 under filing number 2841222; and 

(b) A supplemental indenture, hereinafter sometimes called the “Twenty-Fourth Supplemental Indenture,” dated as of June 1,
1999, which is filed in the office of the Secretary of State of Missouri pursuant to R.S.Mo. 443.451 under filing number 3039096; and 
 (c) A supplemental indenture, hereinafter sometimes called the “Twenty-Fifth Supplemental Indenture,” dated as of September 15, 2000, which is filed in the office of the Secretary of the
State of Missouri pursuant to R.S.Mo. 443.451 under filing number 4088953; and 
 WHEREAS, there has been heretofore duly
executed and delivered six supplemental indentures between the Company and UMB Bank & Trust, N.A., to-wit: 
 (a) A
supplemental indenture, hereinafter sometimes called the “Twenty-Sixth Supplemental Indenture,” dated as of June 15, 2001, which is filed in the office of the Secretary of State of the State of Missouri pursuant to R.S.Mo. 443.451
under filing number 4178825; and 
 (b) A supplemental indenture, hereinafter sometimes called the “Twenty-Seventh
Supplemental Indenture,” dated as of April 15, 2004, which is filed in the office of the Secretary of State of the State of Missouri pursuant to R.S.Mo. 443.451 under filing number 20040045002J; and 

(c) A supplemental indenture, hereinafter sometimes called the “Twenty-Eighth Supplemental Indenture,” dated as of
April 15, 2004, which is filed in the office of the Secretary of State of the State of Missouri pursuant to R.S.Mo. 443.451 under filing number 20040045001H; and 
 (d) A supplemental indenture, hereinafter sometimes called the “Twenty-Ninth Supplemental Indenture,” dated as of June 1, 2006, which is filed in the office of the Secretary of State of the
State of Missouri pursuant to R.S.Mo. 443.451 under filing number 20060063448E; and 
 (e) A supplemental indenture, hereafter
sometimes called the “Thirtieth Supplemental Indenture,” dated as of September 15, 2008, which is filed in the office of the Secretary of State of the State of Missouri pursuant to R.S.Mo. 443.451 under filing number 20080102574M; and

 (f) A supplemental indenture, hereafter sometimes called the “Thirty-First Supplemental Indenture,” dated as of
March 15, 2013, which is filed in the office of the Secretary of State of the State of Missouri pursuant to R.S.Mo. 443.451 under filing number 1303141991416; and 

  
 9 

 WHEREAS, the Company is the same corporation as is designated in the Original and First and
Second Supplemental Indentures as The Laclede Gas Light Company, which was the Company’s corporate name, but before the date of the Third Supplemental Indenture its corporate name was duly changed to, and now is, Laclede Gas Company; and

 WHEREAS, UMB Bank & Trust, n.a., the party of the second part to this
[—] Supplemental Indenture, is the present Trustee under the Original Indenture, being the successor to State Street Bank and Trust Company of Missouri, N. A., which was the successor to Mercantile
Bank of St. Louis National Association (from which State Street Bank and Trust Company of Missouri, N.A., acquired certain corporate trust assets), which was the successor to Mercantile Bank National Association, which was the successor to
Mercantile Trust Company National Association, which was the successor to Mercantile Trust Company (which in turn was the corporation resulting from a consolidation on August 31, 1951, to which Mississippi Valley Trust Company, the original
Trustee, was a party); and 
 WHEREAS, there are now outstanding under the Twenty-Fourth Supplemental
Indenture, First Mortgage Bonds of the 7% Series due June 1, 2029; under the Twenty-Fifth Supplemental Indenture, First Mortgage Bonds of the 7.90% Series due September 15, 2030; under the Twenty-Seventh Supplemental Indenture, First
Mortgage Bonds of the 5 1/2% Series due May 1, 2019; under the Twenty-Eighth Supplemental Indenture, First Mortgage Bonds of the 6% Series due May 1, 2034; under the Twenty-Ninth Supplemental Indenture, First Mortgage
Bonds of the 6.15% Series due June 1, 2036; under the Thirtieth Supplemental Indenture, First Mortgage Bonds of the 6.35% Series due October 15, 2038; and under the Thirty-First Supplemental Indenture, First Mortgage Bonds of the 3.00%
Series due March 15, 2023 and First Mortgage Bonds of the 3.40% Series due March 15, 2028; but all bonds of the twenty three series provided for respectively by the First, Second, Third, Fourth, Fifth, Sixth, Seventh, Eighth, Ninth, Tenth,
Eleventh, Twelfth, Thirteenth, Fifteenth, Sixteenth, Seventeenth, Eighteenth, Nineteenth, Twentieth, Twenty-First, Twenty-Second, Twenty-Third and Twenty-Sixth Supplemental Indentures and the First Mortgage Bonds of the 3 1/2% Series issued under
the Original Indenture have ceased to be outstanding; and 
 WHEREAS, the Company desires to create a new series of bonds
under the Mortgage to be designated as “First Mortgage Bonds, [—]% Series due [—], 20[—]”
(hereinafter sometimes referred to as the “20[—] Series”), for an aggregate principal amount of $[—], to be issued as fully registered
bonds without coupons, the definitive bonds (certain of the provisions of which may be printed on the reverse side thereof) and the Trustee’s certificate of authentication thereof to be substantially in the following forms, respectively:

  
 10 

 (FORM OF FULLY REGISTERED BOND OF [—]
SERIES) 
 UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”),
55 WATER STREET, NEW YORK, NEW YORK, TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND SUCH SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO., OR SUCH OTHER NAME AS 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, SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

UNLESS IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE REGISTERED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A
WHOLE BY DTC TO A NOMINEE OF DTC OR BY A NOMINEE OF DTC TO DTC OR ANOTHER NOMINEE OF DTC OR BY DTC OR ANY SUCH NOMINEE TO A SUCCESSOR OF DTC OR A NOMINEE OF SUCH SUCCESSOR. 
 LACLEDE GAS COMPANY 
 FIRST MORTGAGE BOND, 

[—]% Series due [—] 

 

			
	No.        	  	$        

 LACLEDE GAS COMPANY, a corporation of the State of Missouri (hereinafter called “the Company”),
for value received hereby promises to pay to                      or registered assigns, at the office or agency of the Company in the Borough of
Manhattan, The City of New York, or at the option of the registered owner hereof at the office or agency of the Company in the City of St. Louis, State of Missouri,          Dollars on the [—] day of [—], 20[—] (or upon earlier redemption), by check or draft (or as otherwise provided herein) in
such coin or currency of the United States of America as at the time of payment shall be legal tender for public and private debts, and to pay to the registered owner hereof by check or draft (or as otherwise provided herein) interest thereon from
and including [—], 20[—] or from the fifteenth day of [—] or
[—] next preceding the date of this bond to which date interest has been paid or duly provided for (or, if this bond is dated any date after the record date for any interest payment date and on or
before such interest payment date, then from such interest payment date), at the rate of [—]% per annum, in like coin or currency at either of said offices or agencies at the option of the registered
owner hereof, on [—] and [—] in each year, until the Company’s obligation with respect to the payment of such principal shall have been
discharged. If any interest payment date or any date of maturity or redemption of principal of this bond falls on a day that is not a Business Day (as defined below), principal and/or interest payable on such date will be paid on the succeeding
Business Day with the same force and effect as if it were paid on the date such payment was due, and no interest will accrue on the amount so payable for the period from and after such date to such succeeding Business Day. “Business Day”
means any day other than a Saturday, Sunday, or other day on which commercial banks are authorized or required by law, regulation, or executive order to close in the Borough of Manhattan, The City of New York, or in the City of St. Louis, State of
Missouri or on which the corporate trust office of the Trustee is closed for business. The 

  
 11 

 
interest so payable on any [—] or [—] will, subject to certain exceptions provided in the
Mortgage hereinafter mentioned, be paid to the person in whose name this bond is registered at the close of business on the record date, which shall be [—] or
[—], as the case may be, next preceding such interest payment date (whether or not a Business Day). Notwithstanding the foregoing, so long as the holder is The Depository Trust Company
(“DTC”) or a nominee thereof, such payments of principal and interest will be made in accordance with the Blanket Issuer Letter of Representations dated April 20, 2004 between DTC and the Company (or such successor arrangement
thereto). If a registered owner of an aggregate principal amount in excess of $100,000 of the bonds so requests, payments of principal and interest to that registered owner shall be made by electronic transfer to an account at a commercial bank or
savings institution located in the continental United States designated in writing by such registered owner. Any such request must be made in writing to the Company and UMB Bank & Trust, n.a. (hereinafter sometimes referred to as the
“Trustee”) at least 10 days in advance of such payment and must specify the name and address of the receiving bank, its ABA routing number, and the account name and number to receive the electronic transfer. 

This bond is one of an issue of bonds of the Company, issuable in series, and is one of a series known as its First Mortgage Bonds, [—]% Series due [—], 20[—] (hereinafter referred to as the
“[—] Series”), all bonds of all series issued and to be issued under and equally secured (except in so far as any sinking or other fund established in accordance with the provisions of the
Mortgage hereinafter mentioned may afford additional security for the bonds of any particular series) by a Mortgage and Deed of Trust (hereinafter referred to as the “Original Indenture”) dated as of February 1, 1945, executed by the
Company to Mississippi Valley Trust Company, which was succeeded through consolidation by Mercantile Trust Company, which was succeeded by Mercantile Trust Company National Association, which was succeeded by Mercantile Bank National Association,
which was succeeded by Mercantile Bank of St. Louis National Association, which was succeeded by State Street Bank and Trust Company of Missouri, N.A., which in turn was succeeded by UMB Bank & Trust, n.a., as Trustee, and indentures
supplemental thereto, including the [—] Supplemental Indenture thereto dated as of [—], 20[—]
(hereinafter referred to as the “[—] Supplemental Indenture”), said Mortgage and Deed of Trust as supplemented being herein called the “Mortgage,” to which reference is made for a
description of the property mortgaged and pledged, the nature and extent of the security, the rights of the owners of the bonds in respect thereof, the duties and immunities of the Trustee, and the terms and conditions upon which the bonds are
secured. Subject to the provisions of the next paragraph, with the consent of the Company and to the extent permitted by and as provided in the Mortgage, the rights and obligations of the Company and/or of the owners of the bonds and/or coupons
and/or the terms and provisions of the Mortgage and/or of any instruments supplemental thereto may be modified or altered by the affirmative vote of the owners of at least sixty-six and two-thirds percent (66 2/3%) in principal amount of the bonds
affected by such modification or alteration (including the bonds of the [—] Series, if so affected), then outstanding under the Mortgage (excluding bonds disqualified from voting by reason of the
Company’s interest therein as provided in the Mortgage); provided that no such modification or alteration shall permit the extension of the maturity of the principal of this bond or the reduction in the rate of interest hereon or any other
modification in the terms of payment of such principal or interest, or the creation of a lien on the mortgaged and pledged property ranking prior to or on a parity with the lien of the Mortgage or the deprivation of the owner hereof of a lien upon
such property without the consent of the owner hereof, except that the owners of not less than seventy-five 

  
 12 

 
percent (75%) in principal amount of the bonds at any time outstanding under the Mortgage (including a like percent of the principal amount of the bonds of the [—] Series, if any interest payment on bonds of the [—] Series is to be affected) may consent on behalf of the owners of all bonds at any time outstanding
to the postponement of any interest payment for a period not exceeding three years from its due date. 
 Each initial and future
holder of this bond and every other bond of the of the [—] Series, by its acquisition of an interest herein or therein, irrevocably (1) consents to the amendments of the Mortgage set forth in
Section 5.1 of Article V of the [—] Supplemental Indenture without any other or further action by any holder of such bonds, including without limitation to the amendment to the Mortgage to
change the vote required for modifications and alterations of the rights and obligations of the Company and/or of the owners of the bonds and/or coupons and/or the terms and provisions of the Mortgage and/or of any instruments supplemental thereto
referenced in the last sentence of the preceding paragraph from the affirmative vote of the owners of at least sixty-six and two-thirds percent (66 2/3%) in principal amount of the bonds affected by such modification or alteration to the affirmative
vote of the owners of at least a majority in principal amount of the bonds affected by such modification or alteration; and (2) designates the Trustee, and its successors, as its proxy with irrevocable instructions to vote and deliver written
consents on its behalf in favor of such amendments at any bondholder meeting, in any consent solicitation in lieu of any bondholder meeting or otherwise. 
 The bonds of the [—] Series are redeemable, upon the notice referred to below, and otherwise subject to the provisions of the Mortgage:
[(i)] pursuant to paragraph (B) of Section 13.06 of the Original Indenture (having reference to the taking of all the mortgaged property by eminent domain and certain comparable contingencies) at 100% of the principal amount thereof,
together with accrued interest thereon to the date fixed for redemption; [or (ii) pursuant to Section 3.2 of the [—] Supplemental Indenture, [insert optional redemption provisions, if
any]]. Except as set forth above, the bonds of the 20[—] Series are not redeemable prior to [—],
20[—]. 
 The principal hereof and the interest accrued hereon may be declared
or may become due on the conditions, in the manner, and at the time set forth in the Mortgage, upon the occurrence of a completed default as in the Mortgage provided. 
 At the option of the registered owner, any bonds of the 20[—] Series, upon surrender thereof at the office or agency of the Company in the Borough of
Manhattan, The City of New York, or in the City of St. Louis, State of Missouri, together with a written instrument of transfer in form approved by the Company duly executed by the registered owner or his duly authorized attorney, shall, subject to
the provisions of Section 2.05 of the Original Indenture, be exchangeable for a like aggregate amount of fully registered bonds of the same series of other authorized denominations. 

This bond is transferable as prescribed in the Mortgage by the registered owner hereof in person, or by his duly authorized attorney, at
the office or agency of the Company in the Borough of Manhattan, The City of New York, or in the City of St. Louis, upon surrender and cancellation of this bond and upon presentation of a written instrument of transfer, duly executed, with signature
guaranteed by a signature guarantor that is a participant in a nationally recognized signature guaranty program, and upon payment, if the Company shall require it, of the transfer 

  
 13 

 
charges prescribed in the Mortgage, and thereupon, a new fully registered bond of the same series for a like principal amount will be issued to the transferee in exchange herefor as provided in
the Mortgage. The Company and the Trustee may deem and treat the person in whose name this bond is registered as the absolute owner hereof for the purpose of receiving payment and for all other purposes. 

No recourse shall be had for the payment of the principal of or of interest on this bond against any incorporator or any past, present or
future subscriber to the capital stock, stockholder, officer or director of the Company or of any predecessor or successor corporation, as such, either directly or through the Company or any predecessor or successor corporation, under any rule of
law, statute or constitution or by the enforcement of any assessment or otherwise, all such liability of incorporators, subscribers, stockholders, officers and directors, as such, being released by the owner hereof by the acceptance of this bond and
being likewise waived and released by the terms of the Mortgage. 
 This bond shall not become obligatory until UMB
Bank & Trust, n.a., the Trustee under the Mortgage, or its successor thereunder, shall have signed the form of certificate endorsed hereon. 
 IN WITNESS WHEREOF, LACLEDE GAS COMPANY has caused this instrument to be signed in its name by its President or one of its Vice-Presidents, by his or her signature or a facsimile thereof, and a facsimile
of its corporate seal to be imprinted hereon and attested by its Secretary or one of its Assistant Secretaries, by his or her signature or a facsimile thereof. 
  

							
	Dated	 		 	LACLEDE GAS COMPANY
				
		 		 	By	 	  

		 		 		 	President
				
	ATTEST:	 		 		 	
				
	  
	 		 		 	
	Secretary	 		 		 	

  
 14 

 (FORM OF TRUSTEE’S CERTIFICATE) 

This bond is one of the bonds, of the Series herein designated, provided for in the within-mentioned Mortgage. 

 

			
	UMB BANK & TRUST, N.A.
	
	Trustee
		
	By	 	  

		 	Authorized Signatory

 and 
 WHEREAS, all conditions and requirements necessary to make this [—] Supplemental Indenture a valid, binding and legal instrument have been done, performed
and fulfilled, and the execution and delivery hereof have been in all respects duly authorized; 
 NOW, THEREFORE, THIS [—] SUPPLEMENTAL INDENTURE WITNESSETH: That Laclede Gas Company, in consideration of the premises and of one dollar to it duly paid by the Trustee at or before the ensealing and delivery of these presents,
the receipt whereof is hereby acknowledged, and in order to secure the payment both of the principal of and interest and premium, if any, on the bonds from time to time issued under the Mortgage, according to their tenor and effect and the
performance of all the provisions of the Mortgage and of said bonds, hath granted, bargained and sold, released, conveyed, assigned, transferred, mortgaged, pledged, set over and confirmed, and by these presents doth grant, bargain and sell,
release, convey, assign, transfer, mortgage, pledge, set over and confirm unto UMB Bank & Trust, n.a., as Trustee, and to its successor or successors in said trust and its and their assigns forever, all the following described properties of
the Company, that is to say: 
 All several parcels of real estate more particularly described in the Original Indenture as
Parcels Nos. 1 to 14 inclusive, and in the First Supplemental Indenture as Parcels (a) to (i) inclusive, and the Third Supplemental Indenture as Parcels II to VI inclusive, and in the Fourth Supplemental Indenture in paragraphs II to VII
inclusive, beginning on page 13 and extending to page 15 thereof, and in the Fifth Supplemental Indenture in paragraphs II to X inclusive, beginning on page 14 and extending to page 17 thereof, and in the Sixth Supplemental Indenture in paragraphs
II to XI inclusive, beginning on page 14 and extending to page 21 thereof, and in the Seventh Supplemental Indenture in paragraphs II to XIII inclusive, beginning on page 16 and extending to page 24 thereof, and in the Eighth Supplemental Indenture
in paragraphs II to VIII inclusive, beginning on page 16 and extending to page 19 thereof, and in the Ninth Supplemental Indenture in paragraphs II and III, beginning on page 11 and extending to page 12 thereof, and in the Tenth Supplemental
Indenture in paragraphs II to VI inclusive, beginning on page 11 and extending to page 13 thereof, and in the Eleventh Supplemental Indenture in paragraphs II and III, beginning on page 13 and extending to page 16 thereof, and in the Twelfth
Supplemental Indenture on page 15 thereof, and in the Thirteenth Supplemental Indenture beginning on page 16 and extending to page 24 thereof, and in the Fifteenth Supplemental Indenture beginning on page 15 and extending to page 39 thereof, and in
the Sixteenth Supplemental Indenture beginning on page 16 and extending to page 17 thereof, and in the Seventeenth Supplemental 

  
 15 

 
Indenture beginning on page 17 and extending to page 19 thereof, and in the Eighteenth Supplemental Indenture beginning on page 15 and extending to page 16 thereof, and in the Nineteenth
Supplemental Indenture beginning on page 16 and extending to page 17 thereof, and in the Twentieth Supplemental Indenture beginning on page 17 and extending to page 19 thereof, and in the Twenty-First Supplemental Indenture beginning on page 17 and
extending to page 19 thereof, and in the Twenty-Second Supplemental Indenture beginning on page 10 and extending to page 11 thereof, and in the Twenty-Third Supplemental Indenture beginning on page 10 and extending to page 11 thereof, and in the
Twenty-Fourth Supplemental Indenture beginning on page 10 and extending to page 11 thereof, and in the Twenty-Fifth Supplemental Indenture beginning on page 13 and extending to page 14 thereof, and in the Twenty-Sixth Supplemental Indenture
beginning on page 13 and extending to page 15 thereof; and in the Twenty-Seventh Supplemental Indenture beginning on page 14 and extending to page 15 thereof; and in the Twenty-Eighth Supplemental Indenture beginning on page 14 and extending to page
15 thereof; and in the Twenty-Ninth Supplemental Indenture beginning on page 14 and extending to page 15 thereof; and in the Thirtieth Supplemental Indenture beginning on page 14 and extending to page 16 thereof; and in the Thirty-First Supplemental
Indenture beginning on page 19 and extending to page 21 thereof; except any parcel or part of such real estate heretofore released from the lien of the Mortgage, or to which the Company and the Trustee have heretofore disclaimed any right, title, or
interest. 
 TOGETHER WITH all other property, whether real, personal or mixed (except any hereinafter expressly excepted), and
whether now owned or hereafter acquired by the Company and wheresoever situated, including (without in anywise limiting or impairing by the enumeration of the same the scope and intent of the foregoing or of any general description contained in this
[—] Supplemental Indenture) all real estate, lands, leases, leaseholds (except the last day of the term of any lease or leasehold), easements, licenses, permits, franchises, privileges, rights of way
and other rights in or relating to real estate or the occupancy of lands, all rights of way and roads, all gas plants, gas containers, buildings and other structures and all offices, buildings and the contents thereof; all machinery, engines,
boilers, gas machines, purifiers, scrubbers, retorts, tanks, pumps, regulators, meters, gas and mechanical appliances, conduits, gas or other pipes, gas mains and pipes, service pipes, fittings, valves and connections, tools, implements, apparatus,
supplies, furniture and chattels; all federal, state, municipal and other franchises, privileges and permits; all lines for the distribution of gas for any purpose including pipes, conduits and all apparatus for use in connection therewith; and
(except as hereinafter expressly excepted) all the right, title and interest of the Company in and to all other property of any kind or nature appertaining to and/or used and/or occupied and/or enjoyed in connection with any property hereinabove
described or referred to; 
 AND TOGETHER WITH all and singular the tenements, hereditaments and appurtenances belonging or in
anywise appertaining to the aforesaid property or any part thereof, with the reversion and reversions, remainder and remainders, and (subject to the provisions of Section 13.01 of the Original Indenture) the tolls, rents, revenues, issues,
earnings, income, product and profits thereof, and all the estate, right, title and interest and claim whatsoever, at law as well as in equity, which the Company now has or may hereafter acquire in and to the aforesaid property and franchises and
every part and parcel thereof; 

  
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 Provided that all property of the kinds which by the terms of the Original Indenture are
expressly excepted from the lien and operation thereof is expressly excepted herefrom with the same effect and to the same extent as in the Original Indenture provided with respect to such property so expressly excepted; 

TO HAVE AND TO HOLD all such properties, real, personal, and mixed, granted, bargained, sold, released, conveyed, assigned, transferred,
mortgaged, pledged, set over or confirmed by the Company as aforesaid, or intended so to be, unto the Trustee and its successors and assigns forever; 
 Subject, however, as to all property embraced herein to all of the restrictions, exceptions and reservations of easements, rights of way or otherwise, contained in any and all deeds and/or other
conveyances under or through which the Company acquired or shall acquire and/or claims or shall claim title thereto, and to the restrictions, exceptions, reservations and provisions in the Mortgage specifically set forth; and 

Subject further, with respect to the premises, property, franchises and rights owned by the Company at the date of execution hereof, to
excepted encumbrances as defined in Section 1.06 of the Original Indenture, and subject, with respect to property acquired after the date of execution of the Original Indenture or hereafter acquired, to all excepted encumbrances, all other
defects and limitations of title and to all other encumbrances existing at the time of such acquisition, including any purchase money mortgage or lien upon such property created by the Company at the time of the acquisition of such property.

 IN TRUST NEVERTHELESS, upon the terms and trusts in the Original Indenture and this
[—] Supplemental Indenture set forth, for the benefit and security of those who shall hold the bonds and coupons issued and to be issued under the Mortgage, or any of them, in accordance with the
terms of the Mortgage without preference, priority or distinction as to lien of any of said bonds and coupons over any other thereof by reason of priority in the time of the issue or negotiation thereof or for any other reason whatsoever, subject,
however, to the provisions in reference to extended, transferred or pledged coupons and claims for interest in the Original Indenture set forth; it being intended that the lien and security of all of said bonds and coupons of all series issued or to
be issued hereunder shall take effect from the execution and delivery of the Mortgage, and that the lien and security of the Mortgage shall take effect from the date of execution and delivery of the Original Indenture as though all of the said bonds
of all series were actually authenticated and delivered and issued upon such date. 
 And the Company, for itself and its
successors and assigns, does hereby covenant and agree to and with the Trustee and its successor or successors in such trust, for the benefit of those who shall hold the bonds of the 20[—] Series, or
any of such bonds, as follows: 
 ARTICLE I 
 DEFINITIONS 
 SECTION 1.1 Terms Defined by Reference. For all purposes of this [—] Supplemental Indenture, except as herein otherwise expressly provided or unless the context otherwise 

  
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requires, the terms defined in Sections 1.2 to 1.38 hereof shall have the meanings specified in such Sections, and all other terms which are defined in the Original Indenture (including those
defined by reference to the Trust Indenture Act of 1939, as amended, or the Securities Act of 1933, as amended) shall have the meanings assigned to them in the Original Indenture. 

SECTION 1.2 Business Day. The term “Business Day” shall mean a day other than a (i) Saturday, (ii) Sunday, or
(iii) day on which commercial banks are authorized or required by law, regulation or executive order to close in the City of New York, New York. If a payment date is not a Business Day at a place of payment, payment may be made at that place on
the next succeeding day that is a Business Day, and no interest shall accrue for the intervening period. 
 SECTION 1.3 Trustee.
The term “the Trustee” shall mean the party of the second part hereto, UMB Bank & Trust, n.a., and, subject to the provisions of Article XVIII of the Original Indenture, shall also include its successors and assigns. 

SECTION 1.4 Original Indenture. The term “Original Indenture” shall mean the indenture of mortgage and deed of trust dated as
of February 1, 1945, hereinbefore referred to. 
 SECTION 1.5 First Supplemental Indenture. The term “First
Supplemental Indenture” shall mean the supplemental indenture dated as of December 1, 1946, hereinbefore referred to. 

SECTION 1.6 Second Supplemental Indenture. The term “Second Supplemental Indenture” shall mean the supplemental indenture dated
as of March 15, 1948, hereinbefore referred to. 
 SECTION 1.7 Third Supplemental Indenture. The term “Third
Supplemental Indenture” shall mean the supplemental indenture dated as of April 1, 1951, hereinbefore referred to. 

SECTION 1.8 Fourth Supplemental Indenture. The term “Fourth Supplemental Indenture” shall mean the supplemental indenture dated
as of December 1, 1954, hereinbefore referred to. 
 SECTION 1.9 Fifth Supplemental Indenture. The term “Fifth
Supplemental Indenture” shall mean the supplemental indenture dated as of May 1, 1957, hereinbefore referred to. 

SECTION 1.10 Sixth Supplemental Indenture. The term “Sixth Supplemental Indenture” shall mean the supplemental indenture dated
as of July 1, 1960, hereinbefore referred to. 
 SECTION 1.11 Seventh Supplemental Indenture. The term “Seventh
Supplemental Indenture” shall mean the supplemental indenture dated as of June 1, 1964, hereinbefore referred to. 

SECTION 1.12 Eighth Supplemental Indenture. The term “Eighth Supplemental Indenture” shall mean the supplemental indenture
dated as of April 15, 1966, hereinbefore referred to. 

  
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 SECTION 1.13 Ninth Supplemental Indenture. The term “Ninth Supplemental Indenture”
shall mean the supplemental indenture dated as of May 1, 1968, hereinbefore referred to. 
 SECTION 1.14 Tenth Supplemental
Indenture. The term “Tenth Supplemental Indenture” shall mean the supplemental indenture dated as of May 15, 1970, hereinbefore referred to. 
 SECTION 1.15 Eleventh Supplemental Indenture. The term “Eleventh Supplemental Indenture” shall mean the supplemental indenture dated as of March 15, 1972, hereinbefore referred to.

 SECTION 1.16 Twelfth Supplemental Indenture. The term “Twelfth Supplemental Indenture” shall mean the supplemental
indenture dated as of March 15, 1974, hereinbefore referred to. 
 SECTION 1.17 Thirteenth Supplemental Indenture. The term
“Thirteenth Supplemental Indenture” shall mean the supplemental indenture dated as of June 1, 1975, hereinbefore referred to. 
 SECTION 1.18 Fourteenth Supplemental Indenture. The term “Fourteenth Supplemental Indenture” shall mean the supplemental indenture dated as of October 26, 1976, hereinbefore referred to.

 SECTION 1.19 Fifteenth Supplemental Indenture. The term “Fifteenth Supplemental Indenture” shall mean the
supplemental indenture dated as of July 15, 1979, hereinbefore referred to. 
 SECTION 1.20 Sixteenth Supplemental
Indenture. The term “Sixteenth Supplemental Indenture” shall mean the supplemental indenture dated as of May 1, 1986, hereinbefore referred to. 
 SECTION 1.21 Seventeenth Supplemental Indenture. The term “Seventeenth Supplemental Indenture” shall mean the supplemental indenture dated as of May 15, 1988, hereinbefore referred to.

 SECTION 1.22 Eighteenth Supplemental Indenture. The term “Eighteenth Supplemental Indenture” shall mean the
supplemental indenture dated as of November 15, 1989, hereinbefore referred to. 
 SECTION 1.23 Nineteenth Supplemental
Indenture. The term “Nineteenth Supplemental Indenture” shall mean the supplemental indenture dated as of May 15, 1991, hereinbefore referred to. 
 SECTION 1.24 Twentieth Supplemental Indenture. The term “Twentieth Supplemental Indenture” shall mean the supplemental indenture dated as of November 1, 1992, hereinbefore referred to.

  
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 SECTION 1.25 Twenty-First Supplemental Indenture. The term “Twenty-First Supplemental
Indenture” shall mean the supplemental indenture dated as of May 1, 1993, hereinbefore referred to. 
 SECTION 1.26
Twenty-Second Supplemental Indenture. The term “Twenty-Second Supplemental Indenture” shall mean the supplemental indenture dated as of November 15, 1995, hereinbefore referred to. 

SECTION 1.27 Twenty-Third Supplemental Indenture. The term “Twenty-Third Supplemental Indenture” shall mean the supplemental
indenture dated as of October 15, 1997, hereinbefore referred to. 
 SECTION 1.28 Twenty-Fourth Supplemental Indenture. The
term “Twenty-Fourth Supplemental Indenture” shall mean the supplemental indenture dated as of June 1, 1999 hereinbefore referred to. 
 SECTION 1.29 Twenty-Fifth Supplemental Indenture. The term “Twenty-Fifth Supplemental Indenture” shall mean the supplemental indenture dated as of September 15, 2000 hereinbefore referred
to. 
 SECTION 1.30 Twenty-Sixth Supplemental Indenture. The term “Twenty-Sixth Supplemental Indenture” shall mean the
supplemental indenture dated as of June 15, 2001 hereinbefore referred to. 
 SECTION 1.31 Twenty-Seventh Supplemental
Indenture. The term “Twenty-Seventh Supplemental Indenture” shall mean the supplemental indenture dated as of April 15, 2004 hereinbefore referred to. 
 SECTION 1.32 Twenty-Eighth Supplemental Indenture. The term “Twenty-Eighth Supplemental Indenture” shall mean the supplemental indenture dated as of April 15, 2004 hereinbefore referred to.

 SECTION 1.33 Twenty-Ninth Supplemental Indenture. The term “Twenty-Ninth Supplemental Indenture” shall mean the
supplemental indenture dated as of June 1, 2006 hereinbefore referred to. 
 SECTION 1.34 Thirtieth Supplemental Indenture.
The term “Thirtieth Supplemental Indenture: shall mean the supplemental indenture dated as of September 15, 2008 hereinbefore referred to. 
 SECTION 1.35 Thirty-First Supplemental Indenture. The term “Thirty-First Supplemental Indenture shall mean the supplemental indenture dated as of March 15, 2013 hereinbefore referred to.

 SECTION 1.36 Mortgage. The term “Mortgage” shall mean the Original Indenture as supplemented by the First, Second,
Third, Fourth, Fifth, Sixth, Seventh, Eighth, Ninth, Tenth, Eleventh, Twelfth, Thirteenth, Fourteenth, Fifteenth, Sixteenth, Seventeenth, Eighteenth, Nineteenth, Twentieth, Twenty-First, Twenty-Second, Twenty-Third, Twenty-Fourth, Twenty-Fifth,

  
 20 

 
Twenty-Sixth, Twenty-Seventh, Twenty-Eighth, Twenty-Ninth, Thirtieth and Thirty-First Supplemental Indentures and hereby, or as the same may from time to time hereafter be supplemented, modified,
altered or amended by any supplemental indenture entered into pursuant to the provisions of the Original Indenture. 
 SECTION
1.37 Hereof, Hereunder, etc. The term “hereof,” “hereunder,” “hereto,” “hereby,” “hereinbefore,” and the like, refer to this [—] Supplemental
Indenture. 
 SECTION 1.38 20[—] Series. The term “20[—] Series” shall mean the series of First Mortgage Bonds created by this [—] Supplemental Indenture, as in Section 2.1 hereof provided.

 ARTICLE II 
 CREATION, DESCRIPTION, REGISTRATION, TRANSFER AND 
 EXCHANGE OF THE 20[—] SERIES OF BONDS 
 SECTION 2.1 Creation and principal amount of the 20[—] Series. The Company hereby creates a new series of bonds that may be authenticated and delivered, either before or after the filing or recording hereof, under any applicable provisions of the Original
Indenture, and may be issued under the Mortgage, and each of which series shall be designated by the title “First Mortgage Bonds, [—]% Series due
[—], 20[—]”. The aggregate principal amount of bonds of the 20[—] Series that may be executed
by the Company and authenticated is limited to [—] Million Dollars ($[—]), except bonds of such series authenticated and delivered pursuant to
Section 2.4 or 2.6 hereof or Section 2.09 or Section 12.04 of the Original Indenture. 
 SECTION 2.2 Date of
Bonds. All bonds of the 20[—] Series shall be dated as provided in Section 2.03 of the Original Indenture. 
 SECTION 2.3 Denominations, etc. The bonds of the 20[—] Series shall be issuable only as fully registered bonds without coupons, in the denomination of
$1,000 and integral multiples thereof, and such bonds, and the Trustee’s certificate of authentication, shall, respectively, be substantially of the tenor and purport in this [—] Supplemental
Indenture above recited, and they may have such letters, numbers or other marks of identification, and such legends or endorsements, printed, lithographed or engraved thereon as the Company may deem appropriate and as are not inconsistent with the
Mortgage, including any legend or legends permitted pursuant to Section 2.04 of the Original Indenture. 
 SECTION 2.4
Exchange of Bonds. At the option of the registered owner, any bonds of the 20[—] Series, upon surrender thereof at the office or agency of the Company in the Borough of Manhattan, The City of New
York, or in the City of St. Louis, State of Missouri, together with a written instrument of transfer in form approved by the Company duly executed by the registered owner or his duly authorized attorney, shall, subject to the provisions of
Section 2.05 of the Original Indenture, be exchangeable for a like aggregate amount of fully registered bonds of the same series of other authorized denominations. 
 SECTION 2.5 Registration of Bonds. The bonds of the 20[—] Series are transferable as prescribed in the Mortgage by the registered owner thereof in person,
or by his duly authorized 

  
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attorney, at the office or agency of the Company in the Borough of Manhattan, The City of New York, or in the City of St. Louis, State of Missouri, upon surrender and cancellation of such bonds
and upon presentation of a written instrument of transfer, duly executed, with signature guaranteed by a signature guarantor that is a participant in a nationally recognized signature guaranty program, and upon payment, if the Company shall require
it, of the transfer charges prescribed in the Mortgage, and thereupon, new fully registered bonds of the same series for a like principal amount will be issued to the transferee in exchange therefor as provided in the Mortgage. 

SECTION 2.6 Temporary Bonds. Until bonds of the 20[—] Series in definitive form are
ready for delivery, there may be authenticated and delivered and issued, in lieu of any definitive bond or bonds of said series, temporary bonds of said series as provided in Section 2.08 of the Original Indenture. Such temporary bonds shall be
substantially in the form of the definitive bonds of the 20[—] Series, but with such omissions, insertions and variations as may be appropriate for temporary bonds, and may contain such reference to
any provisions of the Mortgage as may be appropriate, all as determined by the Board of Directors. 
 SECTION 2.7 Payment of
Defaulted Interest. The person in whose name any bond of the 2023 Series is registered at the close of business on any record date (as hereinbelow defined) with respect to any interest payment date shall be entitled to receive the interest payable
on such interest payment date notwithstanding the cancellation of such bond upon any transfer or exchange thereof subsequent to the record date and prior to such interest payment date, except if and to the extent the Company shall default in the
payment of the interest due on such interest payment date, in which case such defaulted interest shall be paid to the person in whose name such bond is registered on the date of payment of such defaulted interest. The record date shall be [—] or [—], as the case may be, next preceding such interest payment date, or, if such [—] or [—] shall be a legal holiday or a day on which banking institutions in the Borough of Manhattan, The City of New York, or in the City of St. Louis, State of Missouri, are authorized by law to close, the
next preceding day which shall not be a legal holiday or a day on which such institutions are so authorized to close. 
 SECTION
2.8 Transfers or Exchanges of Bonds called for redemption. Anything in this [—] Supplemental Indenture to the contrary notwithstanding, the Company shall not be required to make transfers or
exchanges of bonds of the 20[—] Series for a period of fifteen (15) days next preceding any selection of bonds of the 20[—] Series to be
redeemed, and the Company shall not be required to make transfers or exchanges of the principal amount of any of such bonds called or selected for redemption except in the case of any bond of the
20[—] Series to be redeemed in part, the portion thereof not to be so redeemed. 
 ARTICLE III 
 REDEMPTION OF BONDS OF THE
20[—] SERIES 
 SECTION 3.1 Circumstances in Which Redeemable. Bonds of the
20[—] Series shall be redeemable, in whole or in part, at 100% of the principal amount thereof, together with accrued interest thereon to the date fixed for redemption at any time before maturity
pursuant to the provisions of paragraph (B) of Section 13.06 of the Original Indenture. 

  
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 SECTION 3.2 Additional Circumstances in Which Redeemable. [Insert optional redemption
provisions, if any.] 
 SECTION 3.3 Notice of Intention to Redeem. Article XII of the Original Indenture is and shall be
applicable to any redemption of bonds of the 20[—] Series. The notice of intention to redeem provided for in Section 12.02 of the Original Indenture need not be published with respect to bonds
of the 20[—] Series but shall be given by mailing a copy thereof to each registered owner thereof, directed to his registered address, not less than thirty (30) nor more than sixty
(60) days prior to the date fixed for redemption. 
 SECTION 3.4 No Other Redemptions. Except as set forth in Sections 3.1
and 3.2 hereof, the bonds of the 20[—] Series are not redeemable prior to [—], 20[—]. 

ARTICLE IV 

PARTICULAR COVENANTS OF THE COMPANY 
 SECTION 4.1 Restrictions as to Dividends. So long as any of the bonds of the 20[—] Series are outstanding, the Company will not (a) declare any
dividends (other than dividends in common stock) on any common stock, or order the making of any distribution on any shares of common stock or to owners of common stock or (b) purchase, redeem or otherwise acquire or retire for value any shares
of common stock, if the aggregate net amount of such declarations, distributions so ordered, purchases, redemptions, acquisitions and retirements after September 30, 1953, would exceed the sum of (y) the Net Income Available for Common
Stock for the period beginning October 1, 1953, and ending with the last day of the calendar quarter immediately preceding the calendar quarter in which such dividend is declared, distribution ordered, or purchase, redemption, acquisition or
retirement made, plus (z) Eight Million Dollars ($8,000,000). 
 The aggregate net amount of the declarations,
distributions ordered, purchases, redemptions, acquisitions and retirements referred to in the first paragraph of this Section 4.1 shall be determined by deducting from the aggregate amount thereof the total amount of cash payments received by
the Company after September 30, 1953, for any shares of common stock sold by the Company after September 30, 1953. 

Net Income Available for Common Stock, for the purpose of this Section 4.1, for any period, means (1) the net income of the
Company for such period computed according to the applicable system of accounts prescribed by the Public Service Commission of Missouri and any applicable orders of said Commission and (to the extent not prescribed by such system of accounts or
orders) according to generally accepted accounting principles, less (2) an amount equal to the dividends accrued (whether or not declared or paid) during such period on any and all classes of stock having preference over the common stock as to
assets or dividends. 
 For the purposes of the last preceding paragraph of this Section 4.1, the term “Public Service
Commission of Missouri” shall also apply, and be deemed to refer, to any regulatory body which may (A) succeed said Commission with respect to jurisdiction over the accounting of the Company, or (B) supersede said Commission with
respect to such jurisdiction, or (C) have such jurisdiction over phases of the Company’s business or parts of its property over which said Commission shall not have jurisdiction. 

  
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 SECTION 4.2 Earnings Requirements for Additional Bonds. So long as any bonds of the 20[—] Series are outstanding, the Company shall not be entitled to have authenticated and delivered any bonds pursuant to Article VI, Article VII or Article VIII of the Original Indenture, except bonds which
may be authenticated and delivered under Article VII of the Original Indenture, without the receipt by the Trustee of a net earnings certificate showing the net earnings to be as required by Section 6.05 of the Original Indenture, unless (in
addition to all other requirements for the authentication and delivery of such bonds): 
 (a) net earnings of the Company after
provision for depreciation, depletion and amortization of property, for any 12 consecutive calendar months within the 15 calendar months immediately preceding the date on which such additional bonds are to be issued, shall have been not less than 2
1/4 times the amount of the total annual interest charges upon the funded debt of the Company to be outstanding immediately after the issue of such additional bonds; and 
 (b) the Trustee shall have received a certificate made, signed and verified by the same persons (including an independent public accountant where required) as would be required if such certificate were a
net earnings certificate under the Original Indenture, showing the net earnings of the Company to be as required by the foregoing clause (a) of this Section 4.2. Such certificate shall show the net earnings and total annual interest
charges referred to in said clause (a). 
 For the purposes of this Section 4.2, “funded debt” shall mean all
indebtedness created or assumed by the Company maturing one year or more after the date of the creation or assumption thereof. 

For the purposes of this Section 4.2, net earnings of the Company after provision for depreciation, depletion and amortization of
property shall mean the total operating revenue and other income (net) of the Company less operating expenses (including provision for depreciation, depletion and amortization of property) and less taxes (excluding income and excess profits taxes or
other taxes which are imposed on or measured by income). In the determination of net earnings of the Company the following additional requirements shall be applicable: 

(i) No profits or losses from the sale or abandonment of capital assets or change in value of securities or other
investments shall be taken into account in making such computations; 
 (ii) In case the Company shall have sold
any property for a consideration in excess of $5,000,000, within or after the particular period for which the calculation is made, then, in computing the net earnings of the Company so available, the net earnings or net losses of such property for
the whole of such period shall be excluded to the extent practicable on the basis of actual earnings and expenses of such property or on the basis of such estimates of the earnings and expenses of such property as the signers of a Treasurer’s
certificate filed with the Trustee shall deem proper; 

  
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 (iii) In case the Company shall, within or after the particular period for
which the calculation is made, have acquired (by purchase, merger, consolidation or otherwise) any property which within six months prior to the date of acquisition thereof by the Company has been used or operated by a person or persons other than
the Company in a business similar to that in which it has been or is to be used or operated by the Company, then in computing the net earnings of the Company so available for such purposes there shall be included, to the extent that they may not
have been otherwise included, the net earnings or net losses of the property so acquired for the whole of such period to the extent practicable on the basis of actual earnings and expenses of such property or on the basis of such estimates of the
earnings and expenses of such property as the signers of a Treasurer’s certificate filed with the Trustee shall deem proper. The net earnings or net losses of such property for the period preceding such acquisition shall in such case be
ascertained and computed as provided in this clause (iii) as if such acquired property had been owned by the Company during the whole of such period; and 
 (iv) The “net earnings of property” referred to in clauses (ii) and (iii) of this Section 8.2 shall mean the net earnings of such property computed in the manner provided in this
definition for the computation of net earnings of the Company available for the pertinent purposes. 
 All accounting
determinations required by this Section 4.2 shall (except to the extent, if any, to which the preceding provisions of this Section 4.2 may conflict with this provision) be made according to the applicable system of accounts prescribed by
the Public Service Commission of Missouri and any applicable orders of said Commission and (to the extent not prescribed by such system of accounts or orders) according to generally accepted accounting principles. 

For the purposes of this Section 4.2, the term “Public Service Commission of Missouri” shall be applicable as provided in
Section 4.1 of this Article IV. 
 SECTION 4.3 Postponement of Interest. So long as any bonds of the 20[—] Series are outstanding, in order that any interest payment on the bonds of any of the 20[—] Series may be postponed pursuant to clause (2) of
Section 20.07 of the Original Indenture, there shall be required, in addition to all other prerequisites to such postponement provided in the Original Indenture, the consent of the owners of not less than seventy-five percent (75%) in
principal amount of bonds of the 20[—] Series at the time outstanding, such consent to be given at the same time as and in the same manner as the consent of the owners of other bonds required by said
clause (2) of Section 20.07 of the Original Indenture. 

  
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 ARTICLE V 
 COMPANY’S RESERVATION OF RIGHTS 
 SECTION 5.1 Company’s Reservation of
Rights. The Company reserves the right, without any consent, vote or other action by holders of bonds of the 20[—] Series or of any other subsequent series, to amend the Mortgage, as heretofore
amended and supplemented, as follows:1 

(a) To amend the definition of the term “Treasurer’s certificate” contained in Section 1.03 of the Mortgage to read
substantially as follows: 
 “The term “Treasurer’s certificate” shall mean a certificate signed and verified
by the Chairman of the Board, the Chief Executive Officer, the President, the Chief Financial Officer, any Vice-President (whether or not his or her title includes a modifier such as “Executive”, “Senior” or the like), the
Treasurer, any Assistant Treasurer, the Corporate Secretary or any Assistant Corporate Secretary of the Company or any other officer of the Company designated in a Treasurer’s certificate delivered to the Trustee to be thereafter authorized to
sign and verify Treasurer’s certificates. Each such certificate shall include the statements required by Section 3.01 hereof.” 
 (b) To amend the definition of the term “engineer’s certificate” contained in Section 1.03 of the Mortgage to read substantially as follows: 

“The term “engineer’s certificate” shall mean a certificate signed and verified by the Chief Executive Officer, the
President, the Chief Financial Officer, any Vice-President (whether or not his or her title includes a modifier such as “Executive”, “Senior” or the like), the Treasurer or any Assistant Treasurer and by an engineer. Each such
certificate shall include the statements required by Section 3.01 hereof.” 
 (c) To replace “ten-sixths
(10/6ths)” with “four-thirds (4/3rds)” in each of the following provisions of the Mortgage: 
 (i)
subsection (II)(c) of Section 1.04; 
 (ii) subsections (I)(b) and (c) of Section 9.07;

 (iii) subsection (5)(b) of Section 13.03; and 

(iv) subsection (I)(1) of Section 13.05. 
 (d) To amend the first paragraph of Section 1.07 of the Mortgage to read substantially as follows: 
 “SECTION 1.07. The term “net earnings certificate” shall mean a certificate signed and verified by the President, a Vice-President (whether or not his or her title includes a modifier such
as “Executive”, “Senior” or the like) or the Chief Financial Officer and the Treasurer or an Assistant Treasurer of the Company (which Treasurer or 

 

	1 	Each of the amendments provided in this section has been set against the relevant text of the Original Indenture in Exhibit A hereto for purposes of illustrating the
amendments to be made to the Mortgage. Exhibit A is provided for informational purposes only and nothing in Exhibit A shall constitute or be considered part of this [—] Supplemental Indenture or
otherwise be binding on the Company, the Trustee or any bondholder under the Mortgage. 

  
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Assistant Treasurer shall be an accountant) stating (A) the net earnings of the Company for a period of any twelve (12) consecutive calendar months within the fifteen (15) calendar
months immediately preceding the first day of the month in which the application for the authentication and delivery under this Indenture of bonds then applied for is made, showing how the same have been calculated, and to that end specifying the
total operating revenues of the Company, with the principal divisions thereof, and the net non-operating income of the Company, and deducting from the total thereof the total of the operating expenses (including (a) taxes-other than income
taxes, profits taxes and other taxes measured by, or dependent on, net income after deduction of interest, (b) rentals and insurance, (c) expenses for ordinary maintenance and repairs, and provision for retirements and/or depreciation, the
total of which shall be in no event less than the amount (prior to any deductions therefrom or credits thereagainst) of the Maintenance and Improvement Fund requirement specified in Section 9.07 hereof, but not including any (i) expenses
for taxes on income or profits and other taxes measured by, or dependent on, net income, (ii) provisions for reserves for renewals, replacements, depreciation, depletion or retirement of property (or any expenditures therefor), or provisions
for amortization of property, (iii) expenses or provisions for interest on any indebtedness of the Company, for the amortization of debt discount, premium, expense or loss on reacquired debt, for any maintenance and replacement, improvement or
sinking fund or other device for the retirement of any indebtedness, or for other amortization, (iv) expenses or provisions for any non-recurring charge to income or to retained earnings of whatever kind or nature (including without limitation
the recognition of expense or impairment due to the non-recoverability of assets or expense), whether or not recorded as a non-recurring charge in the Company’s books of account, and (v) provisions for any refund of revenues previously
collected or accrued by the Company subject to possible refund), and further deducting from such balance of earnings the amount by which the aggregate of (1) net non-operating income and (2) net income which in the opinion of the signers
is directly derived from the operation of property not subject to the lien of this Indenture at the date of such certificate, exceeds ten per centum, 10% of such balance of earnings, the amount so arrived at being for all purposes of this Indenture
the net earnings of the Company for such period; and (B) the annual interest requirements upon, and the principal amount of, (1) all bonds outstanding hereunder at the date of such certificate, except any which are then being made the
basis, pursuant to the provisions of Article VII, for the authentication and delivery of bonds, (2) those then applied for in the application in connection with which such certificate is made and those applied for in any other pending
application, and (3) all other indebtedness (except indebtedness for the purchase, payment or redemption of which moneys in the necessary amount shall have been deposited with or be held by the Trustee or the trustee or other holder of a lien
prior hereto with irrevocable direction so to apply the same) outstanding in the hands of the public on the date of such certificate and secured by lien prior to the lien of this Indenture upon property of the Company subject to the lien of this
Indenture, if said indebtedness has been assumed by the Company or if the Company customarily pays the interest upon the principal thereof. In determining net non-operating income there shall not be included profits realized or losses sustained from
the sale or other disposition of capital assets or profits or losses on retirements of bonds secured hereby.” 

  
 27 

 (e) To add a new Section 1.08 of the Mortgage to read substantially as follows:

 “SECTION 1.08. Any request, demand, authorization, direction, notice, consent, election, waiver or other
document provided or permitted by this Indenture to be made, given or furnished to, or filed with, the Trustee by any bondholder or by the Company, or the Company by the Trustee or by any bondholder, shall be sufficient for every purpose hereunder
(unless otherwise expressly provided herein) if the same shall be in writing and delivered personally to an officer or other responsible employee of the addressee, or transmitted by telecopy or other direct written electronic means, or transmitted
by registered or certified mail or reputable overnight courier, charges prepaid to the applicable address set under such party’s name below or to such other address as either party hereto may, from time to time designate: 

If to the Trustee, to: 
 UMB Bank & Trust, n.a. 
 2 South Broadway, Suite 600 

St. Louis, Missouri 63102 
 Attention: Richard F. Novosak, Assistant Vice President 
 Email:
richard.novosak@umb.com 
 If to the Company, to: 
 Laclede Gas Company 
 720 Olive Street 

St. Louis, Missouri 63101 
 Attention: Treasurer 
 Email: Laclede_Treasury@thelacledegroup.com 

Any communication contemplated herein shall be deemed to have been made, given, furnished and filed if personally delivered, on the date
of delivery, if transmitted by telecopy or other direct written electronic means, on the date of transmission, and if transmitted by registered or certified mail or reputable overnight courier, on the date of receipt. For purposes hereof,
“electronic means” includes a writing or other communication delivered by e-mail transmission addressed to the relevant party at the e-mail address as such party may designate in writing from time to time and further includes, but is not
limited to, documents and writings attached to emails in Portable Document Format (a/k/a .pdf).” 
 (f) To replace
“sixty per centum (60%)” with “seventy-five per centum (75%)” in each of Sections 2.13, 6.03, 6.07, and 13.03 of the Mortgage. 
 (g) To insert a new paragraph at the end of Section 12.03 of the Mortgage to read substantially as follows: 
 “With respect to any notice of redemption of bonds at the election of the Company, unless, upon the giving of such notice, such bonds shall be deemed to have

  
 28 

 
been paid in accordance with Section 19.01 hereof, such notice may state that such redemption shall be conditional upon the receipt by the Trustee, on or prior to the date fixed for such
redemption, of money sufficient to pay the principal of and premium, if any, and interest, if any, on such bonds and that if such money shall not have been so received such notice shall be of no force or effect and the Company shall not be required
to redeem such bonds. In the event that such notice of redemption contains such a condition and such money is not so received, the redemption shall not be made and within a reasonable time thereafter notice shall be given, in the manner in
which the notice of redemption was given, that such money was not so received and such redemption was not required to be made.” 
 (h) To insert a new paragraph at the end of Section 13.03 of the Mortgage to read substantially as follows: 
 “Notwithstanding anything to the contrary in this Section 13.03, unless the Company is in default in the payment of the interest on any bonds then outstanding hereunder or one or more of the
completed defaults specified in Section 14.01 hereof shall have occurred and be continuing, the Company may obtain the release of any of the mortgaged and pledged property and the Trustee shall release the same from the lien hereof without
requiring compliance with any of the above provisions of this Section 13.03, provided that the aggregate fair value of the property to be so released on any date in a given calendar year, together with all other property released pursuant to
this paragraph in such calendar year, shall not exceed the greater of (a) Twenty Million Dollars ($20,000,000) or (b) three per centum (3%) of the aggregate principal amount of bonds then outstanding, upon the application of the
Company and receipt by the Trustee of 
 (1) a Treasurer’s certificate stating that the Company is not in
default in the payment of the interest on any bonds then outstanding hereunder, that none of the completed defaults specified in Section 14.01 hereof has occurred and is continuing, and that all conditions precedent, specified in this
Indenture, to the granting of such release have been complied with; and 
 (2) an engineer’s certificate
stating, in the judgment of the signers, the Fair Value of the property to be released, the aggregate fair value of all other property theretofore released pursuant to this paragraph in such calendar year and, as to funded property, the cost thereof
(or, if the fair value to the Company of such property at the time the same became funded property was certified to be an amount less than the cost thereof, then such fair value, as so certified, in lieu of cost), and that, in the judgment of the
signers, the release thereof will not impair the security under this Indenture in contravention of the provisions hereof. 
 On
or before December 31st of each calendar year, the Company shall (1) deposit with the Trustee an amount in cash equal to seventy-five per centum (75%) of the aggregate cost of the properties constituting funded property so released
during such year (or, if the fair value to the Company of any particular property at the time the same became funded property was certified to be an amount less than the cost thereof, then such fair value, as

  
 29 

 
so certified, in lieu of cost) or (2) identify property additions not constituting funded property to take the place of the funded property so released, which property additions shall
thereafter constitute funded property and to which the Company shall waive the right to use such property additions as the basis for the authentication and delivery of bonds; provided, however, that no such deposit pursuant to clause (1) above
shall be required to be made hereunder to the extent that cash or other consideration shall, as indicated in a Treasurer’s Certificate delivered to the Trustee, have been deposited with the trustee or holder of other lien prior to the lien of
this Indenture in accordance with the provisions thereof; and provided, further, that the amount of cash so required to be deposited may be reduced, at the election of the Company, by the items specified in clause (5) in the first paragraph of
this Section 13.03, subject to all of the limitations and conditions specified therein, to the same extent as if such property were being released pursuant to such paragraph. Any cash deposited with the Trustee under this Section 13.03 may
thereafter be withdrawn, used or applied in the manner, to the extent and for the purposes, and subject to the conditions, provided in Section 13.05.” 
 (i) To amend the first sentence of Section 18.01 of the Mortgage to read substantially as follows: 
 “SECTION 18.01. The Trustee shall at all times be (a) a corporation organized and doing business under the laws of the United States of America, any state or territory thereof or the District of
Columbia, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000 and subject to supervision or examination by federal or state authority, or (b) if and to the extent
permitted by the United States Securities and Exchange Commission by rule, regulation or order upon application, a corporation or other person doing business under the laws of a foreign government, authorized under such laws to exercise corporate
trust powers, having a combined capital and surplus of at least $50,000,000 or the U.S. dollar equivalent of the applicable foreign currency and subject to supervision or examination by authority of such foreign government or a political subdivision
thereof substantially equivalent to supervision or examination applicable to United States institutional trustees, and, in either case, qualified and eligible under this Article and not otherwise disqualified under Section 310(a)(5) of the
Trust Indenture Act.” 
 (j) To amend Section 18.06 of the Mortgage to read substantially as follows: 

“SECTION 18.06. Any notice or demand which by any provision of this Indenture is required or permitted to be given or
served by the Trustee on the Company shall be deemed to have been sufficiently given or served, for all purposes, if given in the manner prescribed by Section 1.08 hereof.” 

(k) To amend the first sentence of Section 18.21 of the Mortgage to read substantially as follows: 

“SECTION 18.21. Any corporation into which the Trustee may be merged or with which it may be consolidated or any
corporation resulting from any merger or consolidation to which the Trustee shall be a party or any corporation to which 

  
 30 

 
substantially all of the corporate trust business of the Trustee may be transferred, provided such corporation shall be eligible under the provisions of Section 18.01 hereof and qualified
under Section 18.14 hereof shall be the successor trustee under this Indenture, without the execution or filing of any paper or the performance of any further act on the part of any other parties hereto, anything herein to the contrary
notwithstanding.” 
 (l) To amend Section 20.01 of the Mortgage to read substantially as follows: 

“SECTION 20.01. Modifications and alterations of this Indenture and/or of any indenture supplemental hereto and/or of
the rights and obligations of the Company and/or of the holders of outstanding bonds and coupons issued hereunder may be made as provided in the ten next succeeding Sections hereof numbered 20.02 to 20.11 hereof, both inclusive.” 

(m) To amend the second sentence of Section 20.02 of the Mortgage to replace “fifteen per centum (15%)” with “twenty
five per centum (25%)”. 
 (n) To amend the first sentence of Section 20.06 of the Mortgage to read substantially as
follows: 
 “Subject to the provisions of this Section and of Section 20.10 hereof, the holders of not less than a
majority in principal amount of the bonds outstanding hereunder (computed as provided in Section 1.02 hereof) when such meeting is held must be present at such meeting in person or by proxy in order to constitute a quorum for the transaction of
business, less than a quorum, however, having power to adjourn; provided, however, that in case more than one series of bonds shall be outstanding under this Indenture, and any business to be submitted to such meeting shall affect the rights of
holders of the bonds of one or more series and shall not affect the rights of holders of the bonds of one or more of the other series, then only holders of the bonds of the series to be affected shall have the right to notice of or to attend or vote
at any such meeting or shall be counted for the purpose of a quorum.” 
 (o) To amend Section 20.07 of the Mortgage to
read substantially as follows: 
 “SECTION 20.07. Subject to the provisions of Section 20.06,
Section 20.10 and Section 20.11 hereof, any modification or alteration of this Indenture and/or of any indenture supplemental hereto and/or of the rights and obligations of the Company and/or of the holders of bonds and coupons issued
hereunder in any particular may be made at a meeting of bondholders duly convened and held in accordance with the provisions of this Article, but only by resolution duly adopted by the affirmative vote of the holders of a majority or more in
principal amount of the bonds entitled to vote at such meeting outstanding hereunder (computed as provided in Section 1.02 hereof) when such meeting is held, and approved by resolution of the Board of Directors of the Company as hereinafter
specified; provided, however, that no such modification or alteration shall, without the consent of the holder of any bond issued hereunder affected thereby, permit (1) the extension of the maturity of the principal of such bond, or
(2) the reduction in the 

  
 31 

 
rate of interest thereon or any other modification in the terms of payment of such principal or interest except that the holders of not less than seventy-five per centum (75%) in principal
amount of the bonds at the time outstanding may consent on behalf of the holders of all bonds at the time outstanding to the postponement of any interest payment for a period not exceeding three years from its due date, or (3) the creation of
any lien ranking prior to, or on a parity with, the lien of this Indenture with respect to any of the property mortgaged or pledged hereunder, or (4) the deprivation of any non-assenting bondholder of a lien upon the mortgaged and pledged
property for the security of his bonds (subject only to the lien of taxes, assessments or governmental charges not then due and delinquent and to any mortgage or other liens existing upon said property which are prior hereto at the date of the
calling of any such bondholders’ meeting) or (5) the reduction of the percentage required by the provisions of this Section 20.07 for the taking of any action under this Section 20.07 with respect to any bond outstanding
hereunder; and provided, further, that notwithstanding the provisions of this Section 20.07 or any other Section of this Article XX the holders of not less than a majority in principal amount of all bonds at the time outstanding may
(A) direct 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, or (B) on behalf of the holders of all such
bonds, consent to the waiver of any past default and its consequences. For all purposes of this Article, the Trustee, subject to the provisions of Sections 18.02 and 18.03 hereof, shall be entitled to rely upon an opinion of counsel with respect to
the extent, if any, as to which any action taken at such meeting affects the rights under this Indenture or under any indenture supplemental hereto of any holders of bonds then outstanding hereunder.” 

(p) To add a new Section 20.11 of the Mortgage to read substantially as follows: 

“SECTION 20.11. In lieu of a vote of holders at a meeting as hereinbefore contemplated in this Article XX, any
request, demand, authorization, direction, notice, consent, waiver or other action may be made given or taken by holders of bonds by written instruments as provided in this Section 20.11. Any request, demand, authorization, direction, notice,
consent, election, waiver or other action provided by this Indenture to be made, given or taken by holders of outstanding bonds (including with respect to the amendment of this Indenture) may be embodied in and evidenced by one or more written
instruments of substantially similar tenor signed by such holders in person or by an agent duly appointed or, alternatively, may be embodied in and evidenced by the record of holders voting in favor thereof at any meeting of holders as provided in
Section 20.08 hereof, or any combination of such instruments and any such record of holders. Except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments or record or both are delivered
to the Trustee and to the Company. Any written instrument or instruments evidencing the action of holders of bonds as provided in this Section shall be proof of such actions made, given or taken by the relevant holders for any purpose of this
Indenture and conclusive in favor of the Trustee and the Company.” 

  
 32 

 (q) To amend Section 21.04 of the Mortgage to read substantially as follows:

 “SECTION 21.04. Any power, privilege or right expressly or impliedly reserved to or in any way conferred
upon the Company by any provision of this Indenture, whether such power, privilege or right is in any way restricted or is unrestricted, may be in whole or in part waived or surrendered or subjected to any restriction if at the time unrestricted or
to additional restriction if already restricted. Anything in this Indenture to the contrary notwithstanding, the Company and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto, in form
satisfactory to the Trustee, for any of the following purposes: (i) to enter into any further covenants, limitations or restrictions for the benefit of any one or more series of bonds issued hereunder and provide that a breach thereof shall be
equivalent to a default under this Indenture; (ii) to cure any ambiguity or correct or supplement any defective or inconsistent provisions contained herein or in any supplemental indenture; (iii) to correct or amplify the description of
any property at any time subject to the lien of this Indenture, or better assure, convey and confirm unto the Trustee any property subject or required to be subjected to the lien of this Indenture, or subject to the lien of this Indenture additional
property; or (iv) to change or eliminate any provision of this Indenture or to add any new provision to this Indenture provided that no such change, elimination or addition shall adversely affect the interests of the holders of bonds of any
series. The Trustee is hereby authorized to join with the Company in the execution of any such instrument or instruments. Such instrument, executed and acknowledged as aforesaid, shall be delivered to the Trustee and thereupon if such instrument
shall have been signed by the Trustee any modification of the provisions of these presents therein set forth, authorized by this Section, shall be binding upon the parties hereto, their successors and assigns, and the holders of the bonds and
coupons hereby secured. Anything to the contrary notwithstanding, this Section shall not be construed to permit any act, waiver, surrender or restriction adversely affecting any bonds then outstanding hereunder. 

Without limiting the generality of the foregoing, if the Trust Indenture Act of 1939, as in effect at any time and from
time to time, 
 (i) shall require one or more changes to any provisions hereof or the inclusion herein of any
additional provisions, or shall by operation of law be deemed to effect such changes or incorporate such provisions by reference or otherwise, this Indenture shall be deemed to have been amended so as to conform to the Trust Indenture Act as then in
effect, and the Company and the Trustee may, without the consent of any holders of bonds, enter into an indenture supplemental hereto to evidence such amendment hereof; or 

(ii) shall permit one or more changes to, or the elimination of, any provisions hereof which shall theretofore have been
required by the Trust Indenture Act of 1939 to be contained herein or are contained herein to reflect any provisions of the Trust Indenture Act of 1939, this Indenture shall be deemed to have been amended to effect such changes or elimination, and
the Company and the Trustee may, without the consent of any holders of bonds, enter into an indenture supplemental hereto to evidence such amendment hereof.” 

  
 33 

 (r) To add a new Section 21.11 of the Mortgage to read substantially as follows:

 SECTION 21.11. This Indenture and any bonds issued hereunder shall be governed by and construed in accordance
with the laws of the State of Missouri, except (a) to the extent that the law of any other jurisdiction shall be mandatorily applicable, (b) to the extent that perfection and the effect of perfection of the Lien of this Indenture may be
governed by the laws of states other than the State of Missouri as provided by law, and (c) that the rights, duties, obligations, privileges and immunities of the Trustee under this Indenture and the bonds shall be governed by the laws of the
jurisdiction in which the corporate trust office of the Trustee is located in the event such corporate trust office is not located in the State of Missouri. 
 SECTION 5.2 Bondholder Consent to Amendments; Designation of Company as Proxy. Each initial and future holder of bonds of the 20[—] Series irrevocably
(a) consents to the modification and alterations to the Mortgage set forth in this Article V of this [—] Supplemental Indenture without any other or further action by any such holder of such
bonds, (b) designates the Company, and its successors, as its proxy with irrevocable instructions to vote and deliver written consents on behalf of such holder in favor of such amendments at any bondholder meeting, in lieu of any bondholder
meeting, in any consent solicitation or otherwise and (c) waives all conditions precedent to such modifications and alterations, in Article XX of the Mortgage or otherwise (including but not limited to any requirements as to the holding of a
meeting of bondholders and any notice thereof). 
 ARTICLE VI 

MISCELLANEOUS 

SECTION 6.1 Provisions Required by Trust Indenture Act of 1939 to Control. If and to the extent that any provision hereof, or any other
provision of the Mortgage, limits, qualifies, or conflicts with another provision included in the Mortgage which is required to be included in the Mortgage by any of Sections 310 to 317, inclusive, of the Trust Indenture Act of 1939, as amended by
the Trust Indenture Reform Act of 1990, through operation of Section 318(c) thereof, such required provisions shall control. 
 SECTION 6.2 Acceptance of Trust. The Trustee hereby accepts the trust hereby declared and provided and agrees to perform the same upon the terms and conditions in the Original Indenture and in this [—] Supplemental Indenture set forth. 
 SECTION 6.3 This Indenture Part of Original
Indenture. This [—] Supplemental Indenture is executed and shall be construed as an indenture supplemental to the Original Indenture and shall form a part thereof. The Mortgage, as modified and
amended by this [—] Supplemental Indenture, is hereby ratified and confirmed in all respects. 
 SECTION 6.4 Execution in Any Number of Counterparts. This [—] Supplemental Indenture may be simultaneously executed in any number of counterparts, each of
which, when so executed, shall be deemed to be an original; such counterparts shall together constitute but one and the same instrument. 

  
 34 

 SECTION 6.5 Date of Execution. Although this
[—] Supplemental Indenture is dated, for convenience and for purposes of reference, as of [—],
20[—], the actual dates of execution by the Company and by the Trustee are as indicated by their respective acknowledgements hereto annexed. 

  
 35 

 IN WITNESS WHEREOF, Laclede Gas Company, party of the first part, has caused its corporate
name to be hereunto affixed and this instrument to be signed and sealed by its President, Chief Financial Officer, a Vice President, or Treasurer and its corporate seal to be attested by its Secretary or an Assistant Secretary, for and in its
behalf; and UMB Bank & Trust, n.a., Trustee, party of the second part, in token of its acceptance of the trust hereby created, has caused its name to be hereunto affixed and this instrument to be signed and sealed by a Vice President or an
Assistant Vice President, and its seal to be attested by its Secretary or an Assistant Secretary. 
  

							
		 		 	LACLEDE GAS COMPANY
				
		 		 	By	 	  

				
	ATTEST:	 		 		 	
				
	  
	 		 		 	
				
	(SEAL)	 		 		 	
			
		 		 	 UMB BANK & TRUST, N.A.
 Trustee

				
		 		 	By	 	  

				
	ATTEST:	 		 		 	
				
	  
	 		 		 	
				
	(SEAL)	 		 		 	

 [Signature page to Supplemental Indenture] 

					
	State of Missouri	  	)	  	
		  	)	  	ss.
	City of St. Louis	  	)	  	

 On this      day of
            , 20[—] before me appeared
                    , to me personally known, who, being by me duly sworn did say that (s)he is the [title] of Laclede Gas Company, the
corporation described in and which executed the foregoing instrument, and that the seal affixed to the foregoing instrument is the corporate seal of said corporation and that said instrument was signed and sealed in behalf of said corporation by
authority of its board of directors, and said                      acknowledged said instrument to be the free act and deed of said corporation.

 IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal in my office in the City of St. Louis, Missouri,
the day and year last above written. 
 My commission expires
                    . 
  

	
	  

	Notary Public
	State of Missouri

 (SEAL) 
 [Signature page to Supplemental Indenture] 

					
	State of Missouri	  	)	  	
		  	)	  	ss.
	City of St. Louis	  	)	  	

 On this      day of
            , 20[—] before me appeared
                     to me personally known, who, being by me duly sworn did say that (s)he is a [title] of UMB Bank & Trust, n.a.,
the national banking association described in and which executed the foregoing instrument, and that the seal affixed to the foregoing instrument is the seal of said association and that said instrument was signed and sealed in behalf of said
association by authority of its board of directors, and said                      acknowledged said instrument to be the free act and deed of said
association. 
 IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal in my office in the City of St.
Louis, Missouri, the day and year last above written. 
 My commission expires
                    . 
  

	
	  

	Notary Public
	State of Missouri

 (SEAL) 
 [Signature page to Supplemental Indenture] 

 Exhibit A 
 Explanatory Note: Each of the sections of the Mortgage presented below shows such section as if it were amended and restated in accordance with Section 5.1 of the Supplemental Indenture. Deletions
are noted with a strike-through and additions are noted with a double underline. This Exhibit A is being provided for informational purposes only and nothing in this
Exhibit A shall constitute or be considered part of the Supplemental Indenture or otherwise be binding on the Company, the Trustee or any bondholder under the Mortgage. 
 SECTION 1.03. 
 The term “Treasurer’s certificate” shall mean a
certificate signed and verified by the President or a Vice President andChairman of the Board, the Chief Executive Officer, the President, the Chief
Financial Officer, any Vice-President (whether or not his or her title includes a modifier such as “Executive”, “Senior” or the like), the Treasurer or
an, any Assistant Treasurer, the Corporate Secretary or any Assistant Corporate Secretary of the
Company or any other officer of the Company designated in a Treasurer’s certificate delivered to the Trustee to be thereafter authorized to sign and verify Treasurer’s
certificates. Each such certificate shall include the statements required by Section 3.01 hereof. 
 The term
“engineer’s certificate” shall mean a certificate signed and verified by the Chief Executive Officer, the President or
a, the Chief Financial Officer, any Vice-President or(whether or not his or her title includes a
modifier such as “Executive”, “Senior” or the like), the Treasurer of the Companyor any Assistant Treasurer
and by an engineer. Each such certificate shall include the statements required by Section 3.01 hereof. 

*        *        *      
  *        * 
 SECTION 1.04. 

(II) When any property additions are certified to the Trustee in any certificate under any of the provision of this Indenture as the
basis either of the right to the authentication and delivery of bonds which are being applied for or of the right to the authentication and delivery of bonds which is being waived pursuant to the provisions of this Indenture, or as the basis of a
credit under the provisions of Section 2.13 hereof, (A) there shall be deducted, except (if the Company shall so elect) in the case of property additions which consist of assets acquired from St. Louis County Gas Company, or any successor
thereto, as provided in Section 6.07 hereof, from the cost or fair value thereof to the Company, as the case may be, an amount equal to the cost (or as to property additions the fair value of which at the time the same became funded property
was less than the cost as determined pursuant to this Section, then such fair value in lieu of cost) of all funded property previously retired (other than the funded property, if any, in connection with the application for the release of which such
certificate is filed) and not theretofore deducted from the cost or fair value to the Company of property additions theretofore certified to the Trustee and (B) there shall be added to such cost or fair value to the Company of property
additions as the case may be, the sum of 
 (a) the principal amount of all obligations secured by purchase money
mortgage and all cash (other than proceeds of such purchase money obligations) received by the Trustee or the 

  
 A-1

 
trustee or other holder of any prior lien, in either case representing the proceeds of insurance on, the consideration for the release of or the proceeds of the disposal of, such funded property
retired; 
 (b) the principal amount of any bond or fraction of a bond, the right to the authentication and
delivery of which under the provisions of Section 7.01 hereof shall have been waived as the basis of the release of such funded property retired; 
 (c) ten-sixthsfour-thirds
(104/6ths3rds) of the principal amount of each bond or fraction of a bond, the
right to the authentication and delivery of which upon the basis of property additions shall have been waived as the basis of the release of such funded property retired; and 

(d) the amount of the proceeds of insurance of the disposal of such funded property retired which shall have been applied
by the Company to the acquisition or construction of property in substitution therefor or replacement thereof in the exercise by the Company of any right so to apply such proceeds without depositing such proceeds with the Trustee hereunder or with
the trustee or other holder of a prior lien as hereinafter defined; 
 provided, however, that the aggregate of the amounts added
under clause (B) above shall in no event exceed the amounts deducted under clause (A) above. For the purposes of the deductions required by this subdivision (II) of Section 1.04, the cost and/or the fair value of funded property
retired shall be determined as follows: (1) in the case of property which was owned by The Laclede Gas Light Company on August 31, 1942, the cost shall be the amount at which such property was carried in the fixed capital account on the
books of the Company on August 31, 1942, or, if such amount shall subsequent to August 31, 1942 be adjusted on the books of the Company pursuant to any order, rule, regulation or recommendation of any governmental commission or other
public authority having or assuming jurisdiction over the Company or over any of its property or business, then such adjusted amount; provided, however, that if any item of property retired is not separately carried on the books of the Company the
amount shall be such amount, as shown on the books of the Company, as shall be allocated by the Company to such property retired; and (2) in the ease of property addition; retired, the cost and the fair value thereof, respectively, shall be the
cost and the fair value thereof respectively, to the Company, as shown by the engineer’s certificate or independent engineer’s certificate furnished to the Trustee at the time such property additions became funded property, or, if not so
separately shown, shall be such portion of the cost and/or the fair value to the Company of property additions properly allocable thereto, and in case such property additions shall not have been included in any engineer’s certificate or
independent engineer’s certificate theretofore furnished to the Trustee, the cost and fair value thereof shall be as shown, as of the time when they became funded property, in an engineer’s certificate then delivered to the Trustee.

*        *        *      
  *        * 
 SECTION 1.07. The term “net earnings certificate”
shall mean a certificate signed and verified by the President, or a Vice-President and
the(whether or not his or her title includes a modifier such as “Executive”, “Senior” or the like) or the Chief Financial Officer and the Treasurer or an
Assistant Treasurer of the Company, (which Treasurer or Assistant Treasurer shall be an accountant) stating (A)

  
 A-2

 
the net earnings of the Company for a period of any twelve (12) consecutive calendar months within the fifteen (15) calendar months immediately preceding the first day of the month in
which the application for the authentication and delivery under this Indenture of bonds then applied for is made, showing how the same have been calculated, and to that end specifying the total operating revenues of the Company, with the principal
divisions thereof, and the net non-operating income of the Company, and deducting from the total thereof the total of the operating expenses (including (a) taxes—other than income taxes, profits taxes and other taxes measured by, or
dependent on, net income after deduction of interest, (b) rentals and insurance, (c) expenses for ordinary maintenance and repairs, and provision for retirements and/or depreciation, the total of which shall be in no event less than the
amount (prior to any deductions therefrom or credits thereagainst) of the Maintenance and Improvement Fund requirement specified in Section 9.07 hereof, but not including any
(i) expenses for taxes on income or profits and other taxes measured by, or dependent on, net income, (ii) provisions for reserves for renewals, replacements, depreciation,
depletion or retirement of property (or any expenditures therefor), or provisions for amortization of property, (iii) expenses or pro-visionsprovisions for
interest on any of the indebtedness of the Company or, for the amortization of debt discount
and, premium, expense or for anyloss on reacquired debt, for any maintenance and replacement,
improvement or sinking fund or other like device for the retirement of any indebtedness or the amortization of utility plant adjustment or acquisition
accounts or other intangibles, or the amortization of the book values of gas manufacturing and storage facilities owned by the Company on August 31, 1942, which shall hereafter become no longer used or useful by reason of the substitution of
natural gas, or for other amortization, (iv) expenses or provisions for any non-recurring charge to income or to retained earnings of whatever kind or nature (including
without limitation the recognition of expense or impairment due to the non-recoverability of assets or expense), whether or not recorded as a non-recurring charge in the Company’s books of account, and (v) provisions for any refund of
revenues previously collected or accrued by the Company subject to possible refund), and further deducting from such balance of earnings the amount by which the aggregate of (1) net non-operating income and (2) net income which in the
opinion of the signers is directly derived from the operation of property not subject to the lien of this Indenture at the date of such certificate, exceeds ten per centum, 10% of such balance of earnings, the amount so arrived at being for
all purposes of this Indenture the net earnings of the Company for such period; and (B) the annual interest requirements upon, and the principal amount of, (1) all bonds outstanding hereunder at the date of such certificate, except any
which are then being made the basis, pursuant to the provisions of Article VII, for the authentication and delivery of bonds, (2) those then applied for in the application in connection with which such certificate is made and those applied for
in any other pending application, and (3) all other indebtedness (except indebtedness for the purchase, payment or redemption of which moneys in the necessary amount shall have been deposited with or be held by the Trustee or the trustee or
other holder of a lien prior hereto with irrevocable direction so to apply the same) outstanding in the hands of the public on the date of such certificate and secured by lien prior to the lien of this Indenture upon property of the Company subject
to the lien of this Indenture, if said indebtedness has been assumed by the Company or if the Company customarily pays the interest upon the principal thereof. In determining net non-operating income there shall not be included profits realized or
losses sustained from the sale or other disposition of capital assets or profits or losses on retirements of bonds secured hereby or Debentures issued under Debenture Agreement dated as of March 1, 1945 between the Company and
Manufacturers Trust Company, as trustee. 

*        *        *      
  *        * 

  
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 SECTION 1.08 Any request,
demand, authorization, direction, notice, consent, election, waiver or other document provided or permitted by this Indenture to be made, given or furnished to, or filed with, the Trustee by any bondholder or by the Company, or the Company by the
Trustee or by any bondholder, shall be sufficient for every purpose hereunder (unless otherwise expressly provided herein) if the same shall be in writing and delivered personally to an officer or other responsible employee of the addressee, or
transmitted by telecopy or other direct written electronic means, or transmitted by registered or certified mail or reputable overnight courier, charges prepaid to the applicable address set under such party’s name below or to such other
address as either party hereto may, from time to time designate: 

If to the Trustee, to: 

UMB Bank & Trust, n.a. 

2 South Broadway, Suite 600 

St. Louis, Missouri 63102 

Attention: Richard F. Novosak, Assistant Vice President 

Email: richard.novosak@umb.com 

If to the Company, to: 

Laclede Gas Company 

720 Olive Street 

St. Louis, Missouri 63101 

Attention: Treasurer 

Email: Laclede_Treasury@thelacledegroup.com 

Any communication contemplated herein shall be deemed to have been made, given, furnished and
filed if personally delivered, on the date of delivery, if transmitted by telecopy or other direct written electronic means, on the date of transmission, and if transmitted by registered or certified mail or reputable overnight courier, on the date
of receipt. For purposes hereof, “electronic means” includes a writing or other communication delivered by e-mail transmission addressed to the relevant party at the e-mail address as such party may designate in writing from time to
time and further includes, but is not limited to, documents and writings attached to emails in Portable Document Format (a/k/a .pdf). 
 *        *        *        *        *

 SECTION 2.13. An amount in cash and/or principal amount of bonds of the 1965 Series equivalent to one per centum (1%) of
the greatest principal amount of bonds of the 1965 Series theretofore at any one time out-standing; provided, however, that there shall be credited against the amount of cash or bonds payable or deliverable pursuant to this Section
sixtyseventy-five per centum (6075%) of the cost or fair value to the Company
(which-ever is less) of any property additions which are not then funded property and which the Company elects to make the basis of a credit under this Section. Any property additions which the Company elects to make the basis of a credit under this
Section shall, to the extent of the cost or fair value thereof to the Company (whichever is less) made the basis of such credit, have the status of funded property. 
 *        *        *        *        *

  
 A-4

 SECTION 6.03. Bonds of any one or more series ‘shall be authenticated and delivered
under the provisions of this Article VI upon the basis of property additions for a principal amount not exceeding sixtyseventy-five per centum
(6075%) of the balance of the cost or of the fair value thereof to the Company (whichever is less) after making any deductions and any additions required by
subdivision (II) of Section 1.04 hereof cost of any such property additions (except as otherwise provided in the next succeeding sentence) shall be deemed to be the sum of (1) any cash forming a part of such cost, which, for all purposes
of this Indenture, shall include amounts payable in cash, liability for which has actually been incurred by the Company, (2) an amount equivalent to the fair market value in cash (as of the date of delivery) of any securities delivered in
payment therefor or for the acquisition thereof and (3) the principal amount of any prior lien bonds secured by lien upon such property additions at the time of their acquisition unless the engineer’s certificate hereinafter in subdivision
(3) of Section 6.06 hereof provided for shall state that the principal amount of such prior lien bonds has theretofore been included in cost when other property additions subject to the same prior liens shall have been made the basis under
any of the provisions of this Indenture for the authentication and delivery of bonds or the withdrawal of cash or the release of property or a credit under the provisions of Section 2.13 or subdivision (c) of Section 9.07 hereof. The
cost of any such property additions received or to be received by the Company, in whole or in part, as consideration in exchange for property released or to be released shall be determined in the manner provided in Section 13.03 hereof. The
amount of the cost of any property additions and the then fair value thereof to the Company and the fair market value in cash of any securities so delivered in payment therefor and the amount of any deductions and any additions required to be made
by subdivision (II) of Section 1.04 hereof shall be determined for the purposes of this Article VI by the appropriate certificates provided for in Section 6.06 hereof. 

*        *        *      
  *        * 
 SECTION 6.07. Anything in this Indenture to the contrary
notwithstanding, if the Company shall acquire as a going concern all or substantially all of the assets of St. Louis County Gas Company, a Missouri corporation, or of any successor thereto, then and in that event, such assets shall be
considered property additions as defined herein and bonds of any one or more series shall be authenticated and delivered as provided by this Article VI upon the basis of such property additions so acquired, for a principal amount not exceeding
sixtyseventy-five per centum (6075%) of the cost or of the fair value thereof to
the Company (whichever is less) without making any deductions therefrom or additions thereto which otherwise would be required by subdivision (II) of Section 1.04 hereof, and notwithstanding the fact that at the time such property
additions so acquired from St. Louis County Gas Company, or any successor thereto, are certified to the Trustee (or so much thereof as the Company shall desire to use for that purpose) the cost or fair value to the Company, as the case may be,
of all funded property previously retired since August 31, 1942 shall exceed the cost or fair value to the Company, as the case may be, of all property additions acquired, made or constructed since that date. The cost of any such property
additions so acquired from St. Louis County Gas Company, or any successor thereto, and the fair value thereof to the Company, and the fair market value in cash of ‘any securities delivered in payment therefor shall be determined for the
purposes of this Article VI as provided in Section 6.03 hereof and by the appropriate certificates provided for in Section 6.06 hereof subject to the following specific provisions: 

*        *        *      
  *        * 

  
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 SECTION 9.07. (I) That it will at all times make or cause to be made such expenditures
by means of repairs and maintenance and substitutions, renewals and replacements of property or otherwise as shall be necessary to maintain the mortgaged and pledged property as an operating system or systems in good repair, working order and
condition, provided, however, that nothing in this Section 9.07 or else-where in this Indenture contained shall be construed to prevent the Company from ceasing to operate or from abandoning any of its plants or any other property, if, in the
judgment of the Company, it is advisable not to operate or to abandon the same and the operation or maintenance thereof shall not be essential to the maintenance and continued operation of the remainder of the mortgaged and pledged property and the
security afforded by this Indenture will not be materially impaired by the termination of such operation or by such abandonment. 
 In furtherance but not in limitation thereof, the Company covenants that while any bonds of the 1965 Series are outstanding it will, for the period beginning with the date of this Indenture and ending
December 31, 1945 and for the calendar year 1946 and for each calendar year thereafter, pay to the Trustee on or before May 1, 1946 and on or before each first day of May thereafter, as and for a Maintenance and Improvement Fund, a sum in
cash equal to fifteen per centum (15%) of the gross operating revenue of the Company, as defined in subdivision (II) of this Section 9.07, for said period ending December 31, 1945 or such calendar year, as the case may be, less,
however, the cost to the Company of gas purchased, including the cost or demand charge for any standby service (provided, however, that if in any calendar year subsequent to December 31, 1945, the send-out of oven gas in terms from the present
by-product coke plant of the Company or from any other coke plant hereafter acquired by the Company, or both, shall constitute less than 5% of the total gas in therms sent out by the Company during such calendar year, then, and in that event,
instead of the foregoing percentage of gross operating revenue the Company shall pay to the Trustee as above provided a sum in cash equal to two and three-quarters per centum (2 3/4%) of the average amount of the gross property account of the
Company, as defined in Subdivision (III) of this Section 9.07, for such calendar year) and also less, in either case, to the extent that the Company desires to include the same, the following credits against such Fund: 

(a) All expenditures of the Company during said period ending December 31, 1945 or such calendar year, as the case
may be, for ordinary maintenance and repairs of the mortgaged and pledged property which have not theretofore been made the basis of a credit under this Section; 

(b) The amount of all expenditures of the Company subsequent to August 31, 1942 for property of the character of
property additions (other than property described in subdivision (7) of Section 1.04 hereof) after deducting therefrom the sum of (1) all amounts theretofore made the basis of a credit under this sub-division (b), (2) an amount
equivalent to ten-sixthsfour-thirds
(104/6ths3rds) of the principal amount of all bonds either (i) authenticated
and delivered under the provisions of Article VI hereof, or (ii) the right to the authentication and delivery of which has been waived under the provisions of Section 8.02 hereof, and (3) an amount equivalent to
ten-sixthsfour-thirds
(104/6ths3rds) of the amount of any credit taken under Section 2.13 hereof
upon the basis of property additions as therein provided; provided, however, that any such expenditures, set forth as a basis of a credit in the Treasurer’s certificate provided for in this Section, shall have been made with respect to property
additions constituting part of the mortgaged and pledged property at the date of such Treasurer’s certificate; and provided further, that the aggregate of all amounts then and theretofore made the basis of a credit under this

  
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subdivision (b) shall not exceed the aggregate of the costs of all mortgaged and pledged property retired subsequent to August 31, 1942. Such costs shall be determined in the manner
provided for the determination of the cost of funded property retired in connection with the deductions required by subdivision (II) of Section 1.04 hereof; 

(c) An amount equal to
ten-sixthsfour-thirds
(104/6ths3rds) of the principal amount of each bond or fraction of a bond to the
authentication and delivery of which the Company would then be entitled on the basis of property additions by virtue of compliance with all applicable provisions of this Indenture (except, as hereinafter in this Section provided) relating to such
authentication and delivery but which have not been authenticated and delivered; 
 (d) The principal amount of
any outstanding bonds, with all unmatured coupons, secured hereby, then surrendered to the Trustee, which bonds and coupons shall forthwith be canceled by the Trustee and, upon request of the Company, the Trustee shall cremate the same and deliver
to the Company a certificate of such cremation; 
 (e) The principal amount of any Debentures issued under
Debenture Agreement dated as of March 1, 1945, between the Company and the Manufacturers Trust Company, as trustee (or any debenture, note, bond or other evidence of indebtedness issued upon the refunding, replacement, renewal or extension of
all or any part of said Debentures or other evidences of indebtedness, all of which are included in the term “Debentures” as used herein) which shall have been purchased, paid, retired or redeemed by the Company, upon certification to the
Trustee as hereinafter provided; provided, however, that the amount of the credit which may be taken under this subdivision (e) shall not exceed Two hundred thousand Dollars ($200,000) for the “calendar year 1945, and a like amount for
each calendar year thereafter, plus, for each such calendar year, the principal amount of any Debentures not made the basis of a credit as permitted by this subdivision (e) in the period ending December 31, 1945, or in any preceding
calendar year or years subsequent to December 31, 1945, as .the case may be; and provided further that the maximum principal amount of Debentures which may be made the basis of a credit under this subdivision (e) shall be Two million
Dollars ($2,000,000) and that credit may not be taken under this subdivision (e) for any calendar year subsequent to the calendar year 1955. Any Debenture made the basis of a credit under this subdivision (e) shall be surrendered by the holder
or owner thereof (including the Company in cases where any Debentures shall be acquired by it) to the trustee under said Debenture Agreement or to the trustee under any other instrument pursuant to which such Debentures may be issued (or if there be
no such trustee, to the Company) for cancellation and at the time of using any credit under this subdivision (e) the Company shall furnish to the Trustee a certificate of such trustee (or of the Company) evidencing such cancellation and stating
the principal amount of the Debentures purchased, paid, retired or redeemed. 

*        *        *      
  *        * 
 SECTION 12.03. In the event that the Company shall complete the
giving of notice of its intention to redeem any bonds so redeemable, the Company shall, and it hereby covenants that it will, on or before the redemption date specified in such notice, deposit with the Trustee a sum of money sufficient to redeem all
such bonds so to be redeemed on such date and/or irrevocably direct the Trustee to apply from money held by it available to be used for the redemption of bonds, a sum of money 

  
 A-7

 
sufficient to redeem such bonds. If the Company shall fail so to deposit or direct the application of the money for the redemption of said bonds and such failure shall continue for a period of
ten days after the redemption elate, such failure, so continued, shall constitute a completed default under this Indenture and the said bonds so called for redemption shall thereupon immediately become due and payable, and the holders of said bonds
shall be entitled to receive and the Company shall be obligated to pay the redemption price of said bonds and thereupon and without the lapse of any period of time all the remedies provided for in Article XIV hereof with respect to a default in the
payment of principal of bonds outstanding hereunder shall be available to and enforceable by the Trustee. 

With respect to any notice of redemption of bonds at the election of the
Company, unless, upon the giving of such notice, such bonds shall be deemed to have been paid in accordance with Section 19.01 hereof, such notice may state that such redemption shall be conditional upon the receipt by the Trustee, on or prior
to the date fixed for such redemption, of money sufficient to pay the principal of and premium, if any, and interest, if any, on such bonds and that if such money shall not have been so received such notice shall be of no force or effect and the
Company shall not be required to redeem such bonds. In the event that such notice of redemption contains such a condition and such money is not so received, the redemption shall not be made and within a reasonable time thereafter notice shall
be given, in the manner in which the notice of redemption was given, that such money was not so received and such redemption was not required to be made. 
 *        *        *        *        *

 SECTION 13.03. Unless the Company is in default in the payment of the interest on any bonds then outstanding hereunder or one
or more of the completed defaults specified in Section 14.01 hereof shall have occurred and be continuing, the Company may obtain the release of any of the mortgaged and pledged property, except cash then held by the Trustee (provided, however,
that prior lien bonds deposited with the Trustee shall not be released except as provided in Article XI hereof), and the Trustee shall release the same from the lien hereof upon the application of the Company and receipt by the Trustee of

  
 ... 

(5) an amount in cash, to be held by the Trustee as part of the mortgaged and pledged property, equivalent to the amount
if any, by which the then fair value of the property to be released, as specified in the engineer’s certificate or in the independent engineer’s certificate, as the case may be, provided for in subdivision (3) above, exceeds the
aggregate (subject to the limitations hereinafter contained in clause (c) of this subdivision with respect to obligations secured by purchase money mortgages upon the property released) of the following items to the extent that the Company
desires to include the same: 
 (a) the principal amount of any obligations secured by purchase money mortgage
upon the property released delivered to the Trustee, to be held as part of the mortgaged and pledged property; and 
 (b) ten sixths four-thirds
(104/6ths3rds) of the principal amount of each bond or fraction of a bond to the
authentication and delivery of which the Company shall be entitled under any of the provisions of this Indenture (other than those contained in 

  
 A-8

 
Section 8.01 hereof and except that against bonds authenticable under Section 7.01 hereof, credit may be taken under this subdivision in an amount equal only to one hundred per centum
(100%) of the principal amount of such bonds) by virtue of compliance with all applicable provisions of this Indenture (except any earnings requirements or net earnings certificates) relating to such authentication and delivery but which have
not been authenticated and delivered; provided, however, that any application for such release of property shall, to the extent, and to the extent only, that the property so to be released is funded property, operate as a waiver, by
the Company of the right to the authentication and delivery of each such bond or fraction thereof on the basis of which right such property is released; and to such extent no such bond or fraction thereof may thereafter be authenticated and
delivered hereunder and, to such extent, any property additions which were the basis of such right to the authentication and delivery of bonds so waived shall have the status of funded property; and 

(c) the principal amount of any obligations secured by purchase money mortgage upon the property to be released and/or any
amount in cash, that is evidenced to the Trustee by a certificate of the trustee or other holder of a prior lien or a lien prior hereto, as the case may be, stating that such trustee or other holder has received and holds the same in accordance with
the provisions of such prior lien or lien prior hereto .in consideration for the release of such property or any part thereof from such prior lien or lien prior hereto; 
 provided, however, that for the purposes of this subdivision (5) obligations secured by purchase money mortgages upon the property to be released shall be included in determining such aggregate only
to the extent of a sum which shall not exceed sixtyseventy-five per centum
(6075%) of the fair value of the property released and only if the principal amount of the purchase money obligations so included plus the principal amount of all
purchase money obligations then held by the Trustee or by the trustee or other holder of a prior lien or lien prior hereto under the provisions of this subdivision (5) and theretofore included in making the computation herein provided for shall
not exceed .five per centum (5%) of the principal amount of all bonds then outstanding under this Indenture; 
 Notwithstanding anything to the contrary in this Section 13.03, unless the Company is in default in the payment of the interest on any
bonds then outstanding hereunder or one or more of the completed defaults specified in Section 14.01 hereof shall have occurred and be continuing, the Company may obtain the release of any of the mortgaged and pledged property and the Trustee
shall release the same from the lien hereof without requiring compliance with any of the above provisions of this Section 13.03, provided that the aggregate fair value of the property to be so released on any date in a given calendar year,
together with all other property released pursuant to this paragraph in such calendar year, shall not exceed the greater of (a) Twenty Million Dollars ($20,000,000) or (b) three per centum (3%) of the aggregate principal amount of
bonds then outstanding, upon the application of the Company and receipt by the Trustee of  

  
 A-9

 (1)
a Treasurer’s certificate stating that the Company is not in default in the payment of the interest on any bonds then outstanding hereunder, that none of the completed defaults
specified in Section 14.01 hereof has occurred and is continuing, and that all conditions precedent, specified in this Indenture, to the granting of such release have been complied with; and 

(2)
an engineer’s certificate stating, in the judgment of the signers, the Fair Value of the property to be released, the aggregate fair value of all other property theretofore released
pursuant to this paragraph in such calendar year and, as to funded property, the cost thereof (or, if the fair value to the Company of such property at the time the same became funded property was certified to be an amount less than the cost
thereof, then such fair value, as so certified, in lieu of cost), and that, in the judgment of the signers, the release thereof will not impair the security under this Indenture in contravention of the provisions hereof. 

On or before December 31st of each calendar year, the Company shall
(1) deposit with the Trustee an amount in cash equal to seventy-five per centum (75%) of the aggregate cost of the properties constituting funded property so released during such year (or, if the fair value to the Company of any particular
property at the time the same became funded property was certified to be an amount less than the cost thereof, then such fair value, as so certified, in lieu of cost) or (2) identify property additions not constituting funded property to take
the place of the funded property so released, which property additions shall thereafter constitute funded property and to which the Company shall waive the right to use such property additions as the basis for the authentication and delivery of
bonds; provided, however, that no such deposit pursuant to clause (1) above shall be required to be made hereunder to the extent that cash or other consideration shall, as indicated in a Treasurer’s Certificate delivered to the Trustee,
have been deposited with the trustee or holder of other lien prior to the lien of this Indenture in accordance with the provisions thereof; and provided, further, that the amount of cash so required to be deposited may be reduced, at the election of
the Company, by the items specified in clause (5) in the first paragraph of this Section 13.03, subject to all of the limitations and conditions specified therein, to the same extent as if such property were being released pursuant to such
paragraph. Any cash deposited with the Trustee under this Section 13.03 may thereafter be withdrawn, used or applied in the manner, to the extent and for the purposes, and subject to the conditions, provided in Section 13.05. 

*        *        *      
  *        * 
 SECTION 13.05. (I) Any money received in consideration of
any release by the Trustee under this Article XIII, including payment on account, of the principal of any obligations secured by purchase money mortgage so received, shall be paid to and held by the Trustee; and, unless the Company is in default in
the payment of the interest on any bonds then outstanding hereunder or one or more of the completed defaults specified in Section 14.01 hereof shall have occurred and be continuing, such money, and any other money which by the provisions of
this Indenture are to be applied as in this Section provided (subject to the provisions of paragraph B of Section 13.06 hereof), 
 (1) may be withdrawn from time to time by the Company in an amount equal to ten-sixthsfour-thirds
(104/6ths3rds) of the principal amount of each bond or fraction of a bond to the

  
 A-10

 
authentication and delivery of which the Company shall be entitled under any of the provisions of this Indenture (other than those contained in Section 8.01 hereof and except that against
bonds authenticable under Section 7.01 hereof, money may be withdrawn under this sub-division in an amount equal only to one hundred per centum (100%) of the principal amount of such bonds) by virtue of compliance with all applicable
provisions of this ‘ Indenture (except any earnings requirements or net earnings certificates) relating to such authentication and delivery but which have not been authenticated and delivered; provided, however, that any request for such
withdrawal of money shall, to the extent, and to the extent only, that the money to be so withdrawn is funded cash, operate as a Waiver by the Company of the right to the authentication and delivery of each such bond or fraction thereof on the basis
of which right such funded cash is withdrawn; and to such extent no such or fraction thereof may thereafter be authenticated and delivered hereunder and, to such extent, any property additions which were the basis of such right to the authentication
and delivery of bonds so waived shall have the status of funded property; or 
 (2) may, upon the request of the
Company, evidenced by a resolution delivered to the Trustee, be used by the Trustee for the purchase of bonds issued hereunder in accordance with the provisions of Section 12.05 hereof; or 

(3) may, upon the request of the Company, evidenced by a resolution delivered to the Trustee, be applied by the Trustee to
the payment at maturity or the redemption of any bonds issued hereunder as are by their terms redeemable before maturity, of such series as may be designated by the Company, such redemption to be in the manner and as provided in Article XII hereof.

*        *        *      
  *        * 
 SECTION 18.01. The Trustee shall at all times be
(a bank or trust company having its principal office and place of business in the Borough of Manhattan, The City of New York, or in the City of St. Louis,
Missouri, if there be such a bank or trust company willing and able to accept the trust upon reasonable or customary terms, and which shall at all times be a bank or trust company organized
as) a corporation organized and doing business under the laws of the United States or of the State of
New York or of the State of Missouri, with a capital and surplus of at least $3,000,000 andof America, any state or territory thereof or the
District of Columbia, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000 and subject to supervision or
examination by federal or state authority. , or (b) if and to the extent permitted by the United States Securities and Exchange Commission by rule, regulation or order
upon application, a corporation or other person doing business under the laws of a foreign government, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000 or the U.S. dollar
equivalent of the applicable foreign currency and subject to supervision or examination by authority of such foreign government or a political subdivision thereof substantially equivalent to supervision or examination applicable to United States
institutional trustees, and, in either case, qualified and eligible under this Article and not otherwise disqualified under Section 310(a)(5) of the Trust Indenture Act.  
 *        *        *        *        *

  
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 SECTION 18.06. Any notice or demand which by any provision of’ this
Indenture is required or permitted to be given or served by the Trustee on the Company shall be deemed to have been sufficiently given or served, for all purposes, by being deposited postage prepaid in a post-office letter box addressed
(until another address is filed by the Company with the Trustee for the purposes of this Section), as follows: The Laclede Gas Light Company, St. Louis,
Missouri.if given in the manner prescribed by Section 1.08 hereof. 
 *        *        *        *        *

 SECTION 18.21. Any corporation into which the Trustee may be merged or with which it may be consolidated or any corporation
resulting from any merger or consolidation to which the Trustee shall be a party or any corporation to which substantially all of the
corporate trust business and assets of the Trustee may be transferred, provided such corporation shall be eligible under the provisions of Section 18.01
hereof and qualified under Section 18.14 hereof shall be the successor trustee under this Indenture, without the
execution or filing of any paper or the performance of any further act on the part of any other parties hereto, anything herein to the contrary notwithstanding. In case any of the bonds contemplated to be issued hereunder shall have been
authenticated but not delivered, any such successor to the Trustee may, subject to the same terms and conditions as though such successor had itself authenticated such bonds, adopt the certificate of authentication of the original Trustee or of any
successor to it as trustee hereunder, and deliver the said bonds so authenticated; and in case any of said bonds shall not have been authenticated, any successor to the Trustee may authenticate such bonds either in the name of any predecessor
hereunder or in the name of the successor trustee, and in all such cases such certificate shall have the full force which it is anywhere in said bonds or in this Indenture provided that the certificate of the Trustee shall have; provided, however,
that the right to authenticate bonds in the name of the Trustee shall apply only to its successor or successors by merger or consolidation or sale as aforesaid. 
 *        *        *        *        *

 SECTION 20.01. Modifications and alterations of this Indenture and/or of any indenture supplemental hereto and/or of the
rights and obligations of the Company and/or of the holders of outstanding bonds and coupons issued hereunder may be made as provided in the nineten next succeeding
Sections hereof numbered 20.02 to 20.1020.11 hereof, both inclusive. 
 *        *        *        *        *

 SECTION 20.02. The Trustee may at any time call a meeting of the bondholders affected by the business to he submitted to the
meeting and it shall call such a meeting on the written request of the Company, given pursuant to a resolution of its Board of Directors. The holders of :fifteentwenty
five per centum (1525%;) or more in principal amount of the bonds affected by the business to be submitted to the meeting outstanding
hereunder at the time of. such request may request the Trustee to call such a meeting. In the event of the Trustee’s failing for ten (10) days to call a meeting after being thereunto requested by the Company or the
bondholders as above set forth, holders of outstanding bonds affected by the ‘business to be submitted to the meeting to the• amount above specified in this Section or the Company, pursuant to resolution of its Board of Directors, may call
such meeting. Every such meeting called by and at the instance of the Trustee shall be held at the principal office of the Trustee, or, at the election of the Trustee, at such place in the Borough of .Manhattan, The City of New York, as shall be

  
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selected by the Trustee or, with the written approval of the Company, at any other place in the United States of America, and written notice thereof, stating the place and time thereof and in
general terms the business to be submitted, shall be mailed by the Trustee not less than thirty (30) days before such meeting (a) to each registered bolder of bonds affected by the business to be submitted to the meeting then outstanding
hereunder addressed to him at his address appearing on the registry books, (b) .to each holder of any such bond payable to bearer who shall have filed with the Trustee an address for notices to be addressed to him, (c) to all other
bondholders whose names and addresses are preserved at the time by the Trustee, as provided in subdivision (a) of Section 10.02 hereof, and (d) to the Company addressed to it at St. Louis, Missouri (or at such other address as may be
designated by the Company from time to time) and shall be published by the Trustee at least once a week for four (4) successive calendar weeks immediately preceding the meeting in one daily newspaper printed in the English language and
published and of general circulation in the Borough of Manhattan, The City of New York, and in one daily newspaper printed in the English language and published and of general circulation in the City of St. Louis, State of Missouri; provided,
however, that the mailing of such notice to any bondholders affected by the business submitted to the meeting shall in no case be a condition precedent to the validity of any action taken at such meeting. If such meeting is called by or at the
instance either of the Company or the bondholders affected by the business submitted to the meeting, it shall be held at such place in the United States of America as may be specified in the notice calling such meeting and notice thereof shall be
sufficient for all purposes hereof if given by newspaper publication as aforesaid stating the place and time of the meeting and in general terms the business to be transacted. Any meeting of bondholders shall be valid without notice if the holders
of all bonds affected by the business submitted to the meeting then outstanding hereunder are present in person or by proxy and if the Company and the Trustee are present by duly authorized representatives, or if notice is waived in writing before
or after the meeting by the Company, the holders of all bonds affected by the business submitted to the meeting outstanding hereunder or by such as are not present in person or by proxy and by the Trustee. 

*        *        *      
  *        * 
 SECTION 20.06. Subject to the provisions
of this Section and of Section 20.10 hereof, the holders of not less than sixty-six and two-thirds per centum (66
 2/3%)a majority in principal amount of the bonds outstanding hereunder
(computed as provided in Section 1.02 hereof) when such meeting is held must be present at such meeting in person or by proxy in order to constitute a quorum for the transaction of business, less than a quorum, however, having power to adjourn;
provided, however, that in case more than one series of bonds shall be outstanding under this Indenture, and any business to be submitted to such meeting shall affect the rights of holders of the bonds of one or more series and shall not affect the
rights of holders of the bonds of one or more of the other series, then only holders of the bonds of the series to be affected shall have the right to notice of or to attend or vote at any such meeting or shall be counted for the purpose of a
quorum. The determination of the Trustee as to what series of bonds the rights of the holders of which are affected shall be conclusive. If such meeting is adjourned by less than a quorum for more than fourteen (14) days, notice thereof shall
forth with be mailed by the Trustee if such meeting shall have been called by the Trustee (a) to the Company addressed to it at St. Louis, Missouri (or at such other address as may be designated by the Company in writing from time to time),
(b) to each registered holder of bonds entitled to notice then outstanding hereunder addressed to him at his address appearing on the registry books, and (c) to each holder of any such bond payable to bearer who shall have filed with the
Trustee an address for notices, and (d) to every other bondholder whose name and address is preserved at the time by the Trustee, as. provided in subdivision (a) of Section 10.02 hereof, in each case addressed to him at such address,
and shall be published at least once 

  
 A-13

 
in each fourteen (14) clay period of such adjournment in one daily newspaper printed in the English language and published and of general circulation in the Borough of Manhattan, The City of
New York, and in one daily newspaper printed in the English language and published and of general circulation in the City of St. Louis, State of Missouri. Failure to mail such notice to any such bondholder as aforesaid shall in no case affect the
validity of any action taken at any meeting held pursuant to such adjournment. If such meeting shall have been called by bondholders or by the Company after the failure of the Trustee to call the same after being requested so to do in accordance
with the provisions of Section 20.02 hereof, notice of such adjournment shall be given by the permanent Chairman and permanent Secretary of the meeting in the newspapers and for the number of times above specified in this Section and shall be
sufficient if so given. 

*        *        *      
  *        * 
 SECTION 20.07. Subject to the provisions of
Section 20.06 and, Section 20.10 and Section 20.11 hereof, any modification or alteration
of, this Indenture and/or of any indenture supplemental hereto and/or of the rights and obligations of the Company and/or of the holders of bonds and coupons issued hereunder in any particular may be made at a meeting of bondholders
duly convened and held in accordance with the provisions of this Article, but only by resolution duly adopted by the affirmative vote of the holders of sixty-six and two-thirds per centum, (66
2/3%)a majority or more in principal amount of the bonds entitled to vote at such meeting outstanding hereunder (computed as provided in Section 1.02 hereof) when such
meeting is held, and approved by resolution of the Board of Directors of the Company as hereinafter specified; provided, however, that no such modification or alteration shall, without the consent of the holder of any bond issued hereunder affected
thereby, permit (1) the extension of the maturity of the principal of such bond, or (2) the reduction in the rate of interest thereon or any other modification in the terms of payment of such principal or interest except that the holders
of not less than seventy-five per centum (75%) in principal amount of the bonds at the time outstanding may consent on behalf of the holders of all bonds at the time outstanding to the postponement of any interest payment for a period not
exceeding three years from its due date, or (3) the creation of any lien ranking prior to, or on a parity with, the lien of this Indenture with respect to any of the property mortgaged or pledged hereunder, or (4) the deprivation of any
non-assenting bondholder of a lien upon the mortgaged and pledged property for the security of his bonds (subject only to the lien of taxes, assessments or governmental charges not then due and delinquent and to any mortgage or other liens existing
upon said property which are prior hereto at the date of the calling of any such bondholders’ meeting) or (5) the reduction of the percentage required by the provisions of this
Section 20.07 for the taking of any action under this Section 20.07 with respect to any bond outstanding
hereunder; and provided, further, that notwithstanding the provisions of this Section 20.07 or any other Section of this Article XX the holders of not less than a majority in principal amount of all bonds at the time outstanding may
(A) direct 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, or (B) on behalf of the holders of all such
bonds, to consent to the waiver of any past default and its consequences. For all purposes of this Article, the Trustee, subject to the provisions of Sections 18.02 and 18.03
hereof, shall be entitled to rely upon an opinion of counsel with respect to the extent, if any, as to which any action taken at such meeting affects the rights under this Indenture or
under any indenture supplemental hereto of any holders of bonds then outstanding hereunder. 

*        *        *      
  *        * 

  
 A-14

 SECTION 20.11. In lieu of a vote
of holders at a meeting as hereinbefore contemplated in this Article XX, any request, demand, authorization, direction, notice, consent, waiver or other action may be made given or taken by holders of bonds by written instruments as provided in this
Section 20.11. Any request, demand, authorization, direction, notice, consent, election, waiver or other action provided by this Indenture to be made, given or taken by holders of outstanding bonds (including with respect to the amendment of
this Indenture) may be embodied in and evidenced by one or more written instruments of substantially similar tenor signed by such holders in person or by an agent duly appointed or, alternatively, may be embodied in and evidenced by the record of
holders voting in favor thereof at any meeting of holders as provided in Section 20.08 hereof, or any combination of such instruments and any such record of holders. Except as herein otherwise expressly provided, such action shall become
effective when such instrument or instruments or record or both are delivered to the Trustee and to the Company. Any written instrument or instruments evidencing the action of holders of bonds as provided in this Section shall be proof of such
actions made, given or taken by the relevant holders for any purpose of this Indenture and conclusive in favor of the Trustee and the Company. 
 *        *        *        *        *

 SECTION 21.04. Any power, privilege or right expressly or impliedly reserved to or in any way conferred upon the Company by
any provision of this Indenture, whether such power, privilege or right is in any way restricted or is unrestricted, may be in whole or in part waived or surrendered or subjected to any restriction if at the time unrestricted or to additional
restriction if already restricted, and the Company may. Anything in this Indenture to the contrary notwithstanding, the Company and the Trustee, at any time and from time
to time, may enter into one or more indentures supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: (i) to enter into any further covenants, limitations or restrictions for the benefit of any one or
more series of bonds issued hereunder and provide that a breach thereof shall be equivalent to a default under this Indenture or the Company may; (ii) to cure any
ambiguity or correct or supplement any defective or inconsistent provisions contained herein or in any supplemental indenture, by an instrument in writing executed and acknowledged by the Company in such manner as would be necessary to
entitle a conveyance of real estate to record in all of the states in which; (iii) to correct or amplify the description of any property at
theany time subject to the lien hereof shall be situatedof this Indenture, or better
assure, convey and confirm unto the Trustee any property subject or required to be subjected to the lien of this Indenture, or subject to the lien of this Indenture additional property; or (iv) to change or eliminate any provision of this
Indenture or to add any new provision to this Indenture provided that no such change, elimination or addition shall adversely affect the interests of the holders of bonds of any series. The Trustee is hereby authorized to join with the Company
in the execution of any such instrument or instruments. Such instrument, executed and acknowledged as aforesaid, shall be delivered to the Trustee and thereupon if such instrument shall have been signed by the Trustee any modification of the
provisions of these presents therein set forth, authorized by this Section, shall be binding upon the parties hereto, their successors and assigns, and the holders of the bonds and coupons hereby secured. Anything herein to the
contrary notwithstanding, this Section shall not be construed to permit any act, waiver, surrender or restriction adversely affecting any bonds then outstanding hereunder. 
 Without limiting the generality of the foregoing, if the Trust Indenture Act of 1939, as in effect at any time and from time to time,

  
 A-15

 (1)
shall require one or more changes to any provisions hereof or the inclusion herein of any additional provisions, or shall by operation of law be deemed to effect such changes or incorporate
such provisions by reference or otherwise, this Indenture shall be deemed to have been amended so as to conform to the Trust Indenture Act as then in effect, and the Company and the Trustee may, without the consent of any holders of bonds, enter
into an indenture supplemental hereto to evidence such amendment hereof; or 

(2)
shall permit one or more changes to, or the elimination of, any provisions hereof which shall theretofore have been required by the Trust Indenture Act of 1939 to be contained herein or are
contained herein to reflect any provisions of the Trust Indenture Act of 1939, this Indenture shall be deemed to have been amended to effect such changes or elimination, and the Company and the Trustee may, without the consent of any holders of
bonds, enter into an indenture supplemental hereto to evidence such amendment hereof. 

*        *        *      
  *        * 

SECTION 21.11. This Indenture and any bonds issued hereunder shall be
governed by and construed in accordance with the laws of the State of Missouri, except (a) to the extent that the law of any other jurisdiction shall be mandatorily applicable, (b) to the extent that perfection and the effect of perfection
of the Lien of this Indenture may be governed by the laws of states other than the State of Missouri as provided by law, and (c) that the rights, duties, obligations, privileges and immunities of the Trustee under this Indenture and the bonds
shall be governed by the laws of the jurisdiction in which the corporate trust office of the Trustee is located in the event such corporate trust office is not located in the State of Missouri. 

  
 A-16EX-4.1

 Exhibit 4.1 

 
  

 
 TWENTIETH SUPPLEMENTAL INDENTURE

 by and among 
 STANDARD PACIFIC CORP., 
 the Guarantors listed herein 

and 
 THE BANK OF
NEW YORK MELLON TRUST COMPANY, N.A., 
 as Trustee 
 Dated as of August 6, 2013 
 AUTHORIZING THE ISSUANCE OF 

6 
1/4% Senior Notes due 2021 

(Supplemental to the Indenture dated as of April 1, 1999) 

 
  

 

 TABLE OF CONTENTS 
 ARTICLE I 
 Scope of Twentieth Supplemental Indenture 

ARTICLE II 

Definitions 
  

							
	 SECTION 2.01.
	 	Definitions	  	 	2	  
	
	ARTICLE III	  
	
	Authorization and Terms	  
			
	 SECTION 3.01.
	 	Authorization	  	 	12	  
	 SECTION 3.02.
	 	Terms	  	 	12	  
	
	ARTICLE IV	  
	
	Redemption	  
			
	 SECTION 4.01.
	 	Optional Redemption	  	 	15	  
	 SECTION 4.02.
	 	Acceleration	  	 	17	  
	 SECTION 4.03.
	 	Change of Control	  	 	17	  
	
	ARTICLE V	  
	
	Registrar of Securities; Paying Agent	  
			
	 SECTION 5.01.
	 	Appointment of Registrar and Paying Agent	  	 	19	  
	
	ARTICLE VI	  
	
	Certain Covenants	  
			
	 SECTION 6.01.
	 	Compliance with Securities Laws	  	 	19	  
	 SECTION 6.02.
	 	Restrictions on Secured Indebtedness	  	 	19	  
	 SECTION 6.03.
	 	Restrictions on Sale and Leaseback Transactions	  	 	20	  
	 SECTION 6.04.
	 	Designation of Restricted and Unrestricted Subsidiaries	  	 	21	  
	 SECTION 6.05.
	 	Merger and Sales of Assets by the Company	  	 	22	  
	 SECTION 6.06.
	 	Reports to Holders of the Notes	  	 	23	  
	 SECTION 6.07.
	 	Future Subsidiary Guarantees	  	 	23	  

							
	ARTICLE VII	  
	
	Events of Default	  
			
	 SECTION 7.01.
	 	Additional Events of Default	  	 	23	  
	 SECTION 7.02.
	 	Inapplicability of Cure Provisions to Certain Events of Default	  	 	24	  
	
	ARTICLE VIII	  
	
	Defeasance and Discharge	  
			
	 SECTION 8.01.
	 	Defeasance and Discharge	  	 	24	  
	
	ARTICLE IX	  
	
	Modifications and Waivers	  
	 SECTION 9.01.
	 	Without Consent of Holders	  	 	25	  
	 SECTION 9.02.
	 	With Consent of Holders	  	 	25	  
	
	ARTICLE X	  
	
	Guarantee	  
			
	 SECTION 10.01.
	 	Unconditional Guarantee	  	 	26	  
	 SECTION 10.02.
	 	Severability	  	 	27	  
	 SECTION 10.03.
	 	Release of a Guarantor; Termination of Guarantee	  	 	27	  
	 SECTION 10.04.
	 	Limitation of a Subsidiary Guarantor’s Liability	  	 	28	  
	 SECTION 10.05.
	 	Guarantors May Consolidate, Etc. on Certain Terms	  	 	28	  
	 SECTION 10.06.
	 	Contribution	  	 	28	  
	 SECTION 10.07.
	 	Waiver of Subrogation	  	 	29	  
	 SECTION 10.08.
	 	Compensation and Indemnity	  	 	29	  
	 SECTION 10.09.
	 	Modification	  	 	29	  
	 SECTION 10.10.
	 	Successors and Assigns	  	 	30	  
	 SECTION 10.11.
	 	No Waiver	  	 	30	  
	
	ARTICLE XI	  
	
	Miscellaneous	  
			
	 SECTION 11.01.
	 	Governing Law	  	 	30	  
	 SECTION 11.02.
	 	The Trustee	  	 	30	  
	 SECTION 11.03.
	 	No Adverse Interpretation of Other Agreements	  	 	30	  
	 SECTION 11.04.
	 	No Recourse Against Others	  	 	30	  
	 SECTION 11.05.
	 	Successors and Assigns	  	 	31	  
	 SECTION 11.06.
	 	Duplicate Originals	  	 	31	  
	 SECTION 11.07.
	 	Severability	  	 	31	  
	 EXHIBIT A - FORM OF NOTE
	  	 	A-1	  

  
 ii 

 STANDARD PACIFIC CORP. 

TWENTIETH SUPPLEMENTAL INDENTURE 
 This Twentieth Supplemental Indenture, dated as of August 6, 2013 (the “Twentieth Supplemental Indenture”), is entered into between Standard Pacific Corp., a Delaware corporation (the
“Company”), the Guarantors (as defined herein) listed on the signature pages hereto and The Bank of New York Mellon Trust Company, N.A. (as successor to J.P. Morgan Trust Company, National Association, Bank One Trust Company, N.A. and The
First National Bank of Chicago), as trustee (the “Trustee”); 
 W I T N E S S E T H: 

WHEREAS, this Twentieth Supplemental Indenture is supplemental to the Indenture dated as of April 1, 1999 (the “Original
Indenture”), as previously supplemented by that certain First Supplemental Indenture dated as of April 13, 1999, Second Supplemental Indenture dated as of September 5, 2000, Third Supplemental Indenture dated as of December 28,
2001, Fourth Supplemental Indenture dated as of March 4, 2003, Fifth Supplemental Indenture dated as of May 12, 2003, Sixth Supplemental Indenture dated as of September 23, 2003, Seventh Supplemental Indenture dated as of
March 11, 2004, Eighth Supplemental Indenture dated as of March 11, 2004, Ninth Supplemental Indenture dated as of August 1, 2005, Tenth Supplemental Indenture dated as of August 1, 2005, Eleventh Supplemental Indenture dated as
of May 22, 2006, Twelfth Supplemental Indenture dated as of May 5, 2006, Thirteenth Supplemental Indenture dated as of October 8, 2009, Fourteenth Supplemental Indenture dated as of May 3, 2010, Fifteenth Supplemental Indenture
dated as of December 22, 2010, Sixteenth Supplemental Indenture dated as of December 22, 2010, Seventeenth Supplemental Indenture dated as of December 22, 2010, Eighteenth Supplemental Indenture dated as of August 6, 2012 and
Nineteenth Supplemental Indenture dated as of August 6, 2012 (the Original Indenture, as supplemented, the “Indenture”), by and between the Company and the Trustee; 

WHEREAS, the Company has determined to authorize the creation of its 6 1/4% Senior Notes due 2021 (the “Notes”), and currently desires to issue Notes in the aggregate amount of $300,000,000; 

WHEREAS, pursuant to Section 2.01 of the Original Indenture, the Company may establish one or more Series of Securities from time to
time as authorized by a supplemental indenture; and 
 WHEREAS, all things necessary to make this Twentieth Supplemental
Indenture a valid agreement of the Company and the Trustee, in accordance with its terms, and a valid amendment of, and supplement to, the Indenture have been done. 

 NOW, THEREFORE, the parties hereto agree, as follows: 

ARTICLE I 

Scope of Twentieth Supplemental Indenture 
 The changes, modifications and supplements to the Original Indenture affected by this Twentieth Supplemental Indenture shall be applicable only with respect to, and govern the terms of, the Notes, which
shall be unlimited in aggregate principal amount outstanding at any time and which may be issued from time to time, and shall not apply to any other Securities that may be issued under the Original Indenture unless a supplemental indenture with
respect to such other Securities specifically incorporates such changes, modifications and supplements. Except as specifically amended and supplemented by, or to the extent inconsistent with, this Twentieth Supplemental Indenture, the Original
Indenture shall remain in full force and effect and is hereby ratified and confirmed. 
 In the event that the Company shall
issue and the Trustee shall authenticate any Notes issued under this Twentieth Supplemental Indenture subsequent to the Original Issue Date, the Company shall use its reasonable best efforts to obtain the same “CUSIP” number for such Notes
as is printed on the Notes outstanding at such time; provided, however, that if any Notes issued under this Twentieth Supplemental Indenture subsequent to the Original Issue Date are determined, pursuant to an Opinion of Counsel for
the Company in a form reasonably satisfactory to the Trustee, to be a different class of security than the Notes outstanding at such time for federal income tax purposes, the Company may obtain a “CUSIP” number for such Notes that is
different than the “CUSIP” number printed on the Notes then outstanding. Notwithstanding the foregoing, all Notes issued under this Twentieth Supplemental Indenture shall vote and consent together on all matters as one class and no Notes
will have the right to vote or consent as a separate class on any matter. 
 ARTICLE II 

Definitions 
 SECTION 2.01. Definitions. The following terms shall have the meaning set forth below in this Twentieth Supplemental Indenture. Except as otherwise provided in this Twentieth Supplemental
Indenture, all words, terms and phrases defined in the Original Indenture (but not otherwise defined herein) shall have the same meaning herein as in the Original Indenture. To the extent terms defined herein differ from terms defined in the
Original Indenture the terms defined herein will govern for purposes of this Twentieth Supplemental Indenture and the Notes. 
 “2014 Notes” means the Company’s 6 1/4% Senior Notes due 2014. 
 “2015 Notes” means the Company’s 7% Senior Notes due 2015. 

“2016 Notes” means the Company’s 10.750% Senior Notes due 2016. 

  
 2 

 “2016 Notes Indenture” means the Indenture dated as of September 17, 2009
among Standard Pacific Escrow LLC, the subsidiaries of the Company party thereto, and The Bank of New York Mellon Trust Company, N.A. (the “2016 Notes Indenture Trustee”), as supplemented by the First Supplemental Indenture dated as of
October 8, 2009 among Standard Pacific Escrow LLC, the Company, the subsidiaries of the Company party thereto and the 2016 Notes Indenture Trustee. 
 “2018 Notes” means the Company’s 8 3/8% Senior Notes due 2018. 
 “2018 Notes Indenture” means the Base Indenture as amended and supplemented by the Fourteenth Supplemental Indenture and the Fifteenth Supplemental Indenture. 

“2021 Notes” means the Company’s 8 3/8% Senior Notes due 2021. 
 “2021 Notes Indenture” means the Base
Indenture as amended and supplemented by the Sixteenth Supplemental Indenture. 
 “Additional Notes” means any newly
issued Notes issued after the Original Issue Date of the Initial Notes from time to time in accordance with the terms of the Indenture. 
 “Attributable Debt”, when used with respect to any Sale and Leaseback Transaction, means, as at the time of determination, the present value (discounted at a rate equivalent to the
Company’s then-current weighted average cost of funds for borrowed money as at the time of determination, compounded on a semi-annual basis) of the total obligations of the lessee for rental payments during the remaining term of any Capitalized
Lease Obligations included in any such Sale and Leaseback Transaction. 
 “Bank Credit Facility” means the
Company’s Revolving Credit Facility dated October 19, 2012, as amended, renewed, supplemented or otherwise modified from time to time and any other bank credit agreement or credit facility entered into in the future by the Company or any
Restricted Subsidiary and any other agreement (including all related ancillary agreements) pursuant to which any of the Indebtedness, Obligations, commitments, costs, expenses, fees, reimbursements and other indemnities payable or owing under the
Revolving Credit Facility, or any other bank credit agreement or credit facility (or under any subsequent Bank Credit Facility) may be refinanced, restructured, renewed, extended, refunded, replaced or increased, as the Revolving Credit Facility or
any other such bank credit agreement, credit facility or other agreement may from time to time at the option of the parties thereto be amended, renewed, supplemented or otherwise modified. 

“Capital Stock” of any Person means any and all shares, interests, rights to purchase, warrants, options, participations or
other equivalents of or interests in (however designated) equity of such Person, including any Preferred Stock, but excluding any debt securities convertible into such equity. 

  
 3 

 “Capitalized Lease Obligations” means any obligations under a lease that is
required to be capitalized for financial reporting purposes in accordance with GAAP. 
 “Change of Control” means the
occurrence of any of the following events: 
  

	 	(1)	any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes the beneficial owner (as defined
in Rules 13d-3 and 13d-5 under the Exchange Act, except that for purposes of this clause such person or group shall be deemed to have “beneficial ownership” of all shares that any such person or group has the right to acquire, whether such
right is exercisable immediately or only after the passage of time), directly or indirectly, of more than 50% of the total voting power of the Voting Stock of the Company; 

 

	 	(2)	the merger or consolidation of the Company with or into another Person or the merger of another Person with or into the Company, or the sale of all or substantially all
the assets of the Company to another Person, other than any such sale to one or more Restricted Subsidiaries, and in the case of any such merger or consolidation, the securities of the Company that are outstanding immediately prior to such
transaction and which represent 100% of the aggregate voting power of the Voting Stock of the Company are changed into or exchanged for cash, securities or property, unless pursuant to such transaction such securities are changed into or exchanged
for, in addition to any other consideration, securities of the surviving corporation, or a parent corporation that owns all of the Capital Stock of such surviving corporation, that represent immediately after such transaction, at least a majority of
the aggregate voting power of the Voting Stock of the surviving corporation or such parent corporation, as the case may be; or 

  

	 	(3)	a “Change of Control” occurs under any of the Other Public Notes or any other notes issued by the Company under an indenture or comparable documents to
indentures used in jurisdictions outside of the United States. 

 “Change of Control Triggering Event”
means the occurrence of both a Change of Control and a Rating Decline. 
 “Consolidated Net Tangible Assets” means, as
of any date, the total amount of assets which would be included on a combined balance sheet of the Company and the Restricted Subsidiaries under GAAP (less applicable reserves and other properly deductible items) after deducting therefrom:

  

	 	(1)	 all short-term liabilities, except for (x) liabilities payable by their terms more than one year from the date of determination (or

  
 4 

	 	
renewable or extendible at the option of the obligor for a period ending more than one year after such date) and (y) liabilities in respect of retiree benefits other than pensions for which
the Restricted Subsidiaries are required to accrue pursuant to Accounting Standards Codification 715 (formerly Statement of Financial Accounting Standards No. 106); 

 

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

  

	 	(3)	all goodwill, trade names, trademarks, patents, unamortized debt discount, unamortized expense incurred in the issuance of debt and other intangible assets.

 “Default” means any event, act or condition that is, or after notice or passage of time or both would
be, an Event of Default. 
 “Disqualified Stock” means, with respect to any Person, any Capital Stock which by its
terms (or by the terms of any security into which it is convertible or for which it is exchangeable) or upon the happening of any event: 
  

	 	(1)	matures or is mandatorily redeemable pursuant to a sinking fund obligation or otherwise; 

 

	 	(2)	is convertible or exchangeable, at the option of the holder thereof, for Indebtedness or Disqualified Stock; or 

 

	 	(3)	is redeemable at the option of the holder thereof, in whole or in part, in each case on or prior to the Stated Maturity of the Notes; 

provided, however, that Disqualified Stock shall not include Capital Stock which is redeemable solely pursuant to a change in control
provision that does not (A) cause such Capital Stock to become redeemable in circumstances which would not constitute a Change of Control and (B) require the Company to pay the redemption price therefor prior to the Repurchase Date
specified under Section 4.03 hereof. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended.

 “Fitch” means Fitch Ratings. 
 “GAAP” means generally accepted accounting principles set forth in the accounting standards codification of the Financial Accounting Standards Board or in such other statements by such or any
other entity as may be approved by a significant segment of the accounting profession of the United States, as in effect on the date of the Indenture. 
 “Guarantor” means all Subsidiaries that execute a Guarantee of the Notes on the Original Issue Date and any Restricted Subsidiary that subsequently executes a Guarantee of the Notes pursuant to
Section 6.07 hereof, until such time as any such Subsidiary is released from its Guarantee pursuant to the terms of the Indenture. 

  
 5 

 “Hedging Obligations” of any Person means the net obligations of such Person
pursuant to any Interest Rate Agreement or any foreign exchange contract, currency swap agreement or other similar agreement to which such Person is a party or a beneficiary. 
 “Holder” means the person in whose name a Note is registered on the Registrar’s books. 
 “Incur” means issue, assume, guarantee, incur or otherwise become liable for; provided, however, that any Indebtedness or Capital Stock of a Person existing at the time such Person
becomes a Subsidiary (whether by merger, consolidation, acquisition or otherwise) shall be deemed to be Incurred by such Subsidiary at the time it becomes a Subsidiary; provided further, however, that in the case of a discount security
or a payment-in-kind security, neither the accrual or capitalization of interest nor the accretion of original issue discount shall be considered an Incurrence of Indebtedness. The term “Incurrence” when used as a noun shall have a
correlative meaning. 
 “Indebtedness” means on any date of determination (without duplication), 

 

	 	(1)	the principal of and premium (if any) in respect of: 

  

	 	(A)	indebtedness of such Person for money borrowed, and 

  

	 	(B)	indebtedness for borrowed money evidenced by notes, debentures, bonds or other similar instruments for the payment of which such Person is responsible or liable;

  

	 	(2)	all Capitalized Lease Obligations of such Person; 

  

	 	(3)	all obligations of such Person issued or assumed as the deferred purchase price of property or services, all conditional sale obligations of such Person and all
obligations of such Person under any title retention agreement (but in each case excluding (A) accounts payable and accrued expenses arising in the ordinary course of business and (B) any obligation to pay a contingent purchase price as
long as such obligation remains contingent) which would appear as a liability on a balance sheet of a Person prepared on a consolidated basis in accordance with GAAP, which purchase price or obligation is due more than six months after the date of
placing such property in service or taking delivery and title thereto or the completion of such services (provided that, in the case of obligations of an acquired Person assumed in connection with an acquisition of such Person, such
obligations would constitute Indebtedness of such Person); 

  
 6 

	 	(4)	all obligations of such Person for the reimbursement of any obligor on any letter of credit, banker’s acceptance or similar credit transaction (other than
obligations with respect to letters of credit securing obligations (other than obligations described in clauses (1) through (3) above) entered into in the ordinary course of business of such Person to the extent such letters of credit are
not drawn upon or, if and to the extent drawn upon, such drawing is reimbursed no later than the tenth Business Day following receipt by such Person of a demand for reimbursement following payment on the letter of credit); 

 

	 	(5)	the amount of all obligations of such Person with respect to the redemption, repayment or other repurchase of any Disqualified Stock or, with respect to any Subsidiary
of such Person, any Preferred Stock (but excluding, in each case, any accrued dividends); 

  

	 	(6)	all obligations of the type referred to in clauses (1) through (5) of other Persons and all dividends of other Persons for the payment of which, in either
case, such Person is responsible or liable, directly or indirectly, as obligor, guarantor or otherwise, including by means of any guarantee; 

  

	 	(7)	all obligations of the type referred to in clauses (1) through (6) of other Persons secured by any Lien on any property or asset of such Person (whether or
not such obligation is assumed by such Person), the amount of such obligation being deemed to be the lesser of the value of such property or assets or the amount of the obligation so secured; and 

 

	 	(8)	to the extent not otherwise included in this definition, Hedging Obligations of such Person. 

The amount of Indebtedness of any Person at any date shall be the outstanding balance at such date of all unconditional obligations as
described above and the maximum liability, upon the occurrence of the contingency, other than a contingency solely within the control of such Person, giving rise to the obligations, of any contingent obligations as described above at such date.
However, in the case of any loan to value maintenance agreement (or similar agreement) by which the Company or any Restricted Subsidiary agrees to maintain for a joint venture a minimum ratio of Indebtedness outstanding to value of collateral
property, only amounts owing by the Company or the Restricted Subsidiary (or which would be owing upon demand of the lender) at such date under such agreements will be included in Indebtedness. In addition, the amount outstanding at any time of any
Indebtedness issued with original issue discount shall be deemed to be the face amount of such Indebtedness less the remaining unamortized portion of the original issue discount of such Indebtedness at such time as determined in conformity with
GAAP. 

  
 7 

 “Initial Notes” means Notes issued on August 6, 2013 and any Notes issued in
replacement therefor. 
 “Interest Payment Date” means the Stated Maturity of an installment of interest on the Notes.

 “Interest Rate Agreement” means any interest rate swap agreement, interest rate cap agreement or other financial
agreement or arrangement designed to protect the Company or any Restricted Subsidiary against fluctuations in interest rates. 

“Investment” in any Person means any direct or indirect advance, loan (other than advances to customers in the ordinary course
of business that are recorded as accounts receivable on the balance sheet of such Person) or other extensions of credit (including by way of guarantee or similar arrangement) or capital contribution to (by means of any transfer of cash or other
property to others or any payment for property or services for the account or use of others), or any purchase or acquisition of Capital Stock, Indebtedness or other similar instruments issued by such Person. For purposes of Section 6.04 hereof,
“Investment” shall include the portion (proportionate to the Company’s equity interest in such Subsidiary) of the fair market value of the net assets of any Subsidiary of the Company at the time that such Subsidiary is designated an
Unrestricted Subsidiary; provided, however, that upon a redesignation of such Subsidiary as a Restricted Subsidiary, the Company shall be deemed to continue to have a permanent “Investment” in an Unrestricted Subsidiary of an
amount (if positive) equal to: 
  

	 	(1)	the Company’s “Investment” in such Subsidiary at the time of such redesignation, less 

 

	 	(2)	the portion (proportionate to the Company’s equity interest in such Subsidiary) of the fair market value of the net assets of such Subsidiary at the time of such
redesignation. 

 In determining the amount of any Investment made by transfer of any property other than cash,
such property shall be valued at its fair market value at the time of such Investment as determined by the Board of Directors in good faith. 
 “Lien” means, with respect to any asset, any mortgage, deed of trust, lien, pledge or security interest. 
 “Maturity” means the date on which the principal of the Notes becomes due and payable, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise.

 “Measurement Date” means May 3, 2010. 

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

“Non-Recourse Indebtedness” means Indebtedness or other obligations secured by a Lien on property to the extent that the
liability for such Indebtedness or 

  
 8 

 
other obligations is limited to the security of the property (or to Persons other than the Company or any Restricted Subsidiary) without liability on the part of the Company or any Restricted
Subsidiary (other than, in the case of Indebtedness or obligations of a Subsidiary, with respect to the Subsidiary that holds title to such property (if such property constitutes all or substantially all the property of such Subsidiary) and a pledge
of the equity interests of such Subsidiary or its Subsidiaries) for any deficiency; provided that recourse obligations or liabilities of the Company or such Restricted Subsidiary solely for indemnities, covenants (including, without
limitation, performance, completion or similar covenants), or breach of any warranty, representation or covenant in respect of any Indebtedness, including indemnities for and liabilities arising from fraud, misrepresentation, misapplication or
non-payment of rents, profits, insurance and condemnation proceeds and other sums actually received by the borrower from secured assets to be paid to the lender, waste and mechanics’ liens, will in each case not prevent Indebtedness from being
classified as Non-Recourse Indebtedness. 
 “Obligations” means any principal, interest, penalties, fees,
indemnifications, reimbursements, damages and other liabilities payable under the documentation governing any Indebtedness. 

“Original Issue Date” means the first date of the original issue of any of the Notes pursuant to the Indenture. 

“Other Public Notes” means the Company’s 1 1/4% Convertible Senior Notes due 2032, the 2021 Notes, the 2018 Notes, the 2016 Notes, the 2015 Notes and the 2014 Notes. 
 “Person” means an individual, corporation, partnership, joint venture, association, joint-stock company, limited liability company, limited liability partnership, trust, unincorporated
organization, or government or any agency or political subdivision thereof. 
 “Preferred Stock”, as applied to the
Capital Stock of any corporation, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of
such corporation, over shares of Capital Stock of any other class of such corporation. 
 “Prospectus Supplement”
means the prospectus supplement dated August 1, 2013, to the prospectus dated July 31, 2012, relating to the offering by the Company of the Notes. 
 “Rating Agencies” means (a) each of S&P, Moody’s and Fitch and (b) if any of S&P, Moody’s or Fitch ceases to rate the Notes or fails to make a rating of the Notes
publicly available for reasons beyond the control of the Company, a “nationally recognized statistical rating organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act selected by the Company (as certified by an
authorized officer of the Company) as a replacement agency for S&P, Moody’s or Fitch, or all of them, as the case may be. 

  
 9 

 “Rating Category” means: 

 

	 	(1)	with respect to S&P and Fitch, any of the following categories: BB, B, CCC, CC, C and D (or equivalent successor categories); 

 

	 	(2)	with respect to Moody’s, any of the following categories: Ba, B, Caa, Ca, C and D (or equivalent successor categories); and 

 

	 	(3)	with respect to any other Rating Agency, those categories most closely approximating those set forth in (1) or (2) above. 

In determining whether the rating of the Notes has decreased by one or more gradations, gradations within Rating Categories (+ and - for
S&P and Fitch; 1, 2 and 3 for Moody’s; or the equivalent gradations for any other Rating Agency) will be taken into account (e.g., with respect to S&P and Fitch a decline in rating from BB+ to BB, as well as from BB- to B+, will
constitute a decrease of one gradation). 
 “Rating Date” means the date which is 60 days prior to the earlier of
(1) a Change of Control and (2) public notice of the occurrence of a Change of Control or of the intention by the Company to effect a Change of Control. 
 “Rating Decline” means the decrease (as compared with the Rating Date) by one or more gradations within Rating Categories as well as between Rating Categories of the rating of the Notes by at
least two of the three Rating Agencies during the period commencing on the Rating Date and ending 60 days after the applicable Change of Control (which period will be extended for so long as the rating of the Notes is under publicly announced
consideration for possible downgrade by any of the Rating Agencies). If less than three Rating Agencies are rating the Notes on any Rating Date, the ratings of the Rating Agency (or Rating Agencies) not rating the Notes will be deemed to have
decreased by one or more gradations within Rating Categories or between Rating Categories until three Rating Agencies rate the Notes. 
 “Regular Record Date” for the interest payable on any Interest Payment Date on the Notes means the dates specified in Section 3.02(f)(iii). 

“Restricted Subsidiary” means any 80% or more owned Subsidiary that has not been designated an Unrestricted Subsidiary.

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

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

  
 10 

 
Consolidated Net Tangible Assets as of the date of determination or (2) another property (not including a model home) which exceeds 5% of Consolidated Net Tangible Assets as of the date of
determination, if such sale or transfer is made with the agreement, commitment or intention of leasing such property to the Company or a Restricted Subsidiary. 
 “Secured Indebtedness” means any Indebtedness which is secured by (1) a Lien on any property of the Company or the property of any Restricted Subsidiary or (2) a Lien on Capital Stock
owned directly or indirectly by the Company or a Restricted Subsidiary in any Person or in the Company’s rights or the rights of a Restricted Subsidiary in respect of Indebtedness of a Person in which the Company or a Restricted Subsidiary has
an equity interest; provided that “Secured Indebtedness” shall not include Non-Recourse Indebtedness of any Subsidiary that was formed for and is engaged in homebuilding or land development operations which is secured principally by
unimproved land (whether entitled or unentitled), improved land (including lots under development), housing units under construction, completed housing units and other related property customarily included as collateral under mortgages, deeds of
trust and related documents for homebuilding or land development operations. The securing in the foregoing manner of any such Indebtedness which immediately prior thereto was not Secured Indebtedness shall be deemed to be the creation of Secured
Indebtedness at the time security is given. 
 “Stated Maturity” means the date specified in the Notes as the fixed
date on which an amount equal to the principal of or interest on the Notes is due and payable. 
 “Subsidiary” means a
corporation, a majority of the capital stock with voting power to elect directors of which is directly or indirectly owned by the Company or its Subsidiaries, or any Person in which the Company or its Subsidiaries has at least a majority ownership
interest. 
 “Unrestricted Subsidiary” means: (1) any Subsidiary in which the Company, directly or indirectly,
has less than an 80% ownership interest; (2) any 80% or more owned Subsidiary which in accordance with Section 6.04 hereof has been designated in a resolution adopted by the Board of Directors as an Unrestricted Subsidiary, in each case
unless and until such Subsidiary shall, in accordance with Section 6.04 hereof, be designated by a resolution of the Board of Directors as a Restricted Subsidiary; and (3) any 80% or more owned Subsidiary a majority of the Voting Stock of
which shall at the time be owned directly or indirectly by one or more Unrestricted Subsidiaries. 
 “Voting Stock”
means, with respect to any Person, securities of any class of Capital Stock of such Person entitling the holders thereof (whether at all times or only so long as no senior class of stock has voting power by reason of any contingency) to vote in the
election of members of the board of directors of such Person. 
 “Wholly Owned Restricted Subsidiary” means a
Restricted Subsidiary of which 100% of the Capital Stock (except for directors’ qualifying shares or certain 

  
 11 

 
minority interests owned by other Persons solely due to local law requirements that there be more than one stockholder, but which interest is not in excess of what is required for such purpose)
is owned directly by the Company or through one or more Wholly Owned Restricted Subsidiaries. 
 ARTICLE III 

Authorization and Terms 
 SECTION 3.01. Authorization. The Company hereby establishes the 6 1/4% Senior Notes due 2021 as a Series of Securities of the Company. The form of Note attached hereto as Exhibit
A is hereby approved and authorized in accordance with the provisions of the Indenture; provided, that to the extent that any provision of the Note conflicts with the express provisions of the Original Indenture (as supplemented by this
Twentieth Supplemental Indenture), the Original Indenture (as supplemented by this Twentieth Supplemental Indenture) shall govern and be controlling. The requirement in Section 2.02 of the Original Indenture that the Company’s seal be
reproduced on Securities shall not apply to the Notes. 
 SECTION 3.02. Terms. The terms of the Series of
Securities established pursuant to this Twentieth Supplemental Indenture shall be as follows: 
 (a) Title. The title of the Series of Securities established hereby is the “6 1/4% Senior Notes due 2021.” 

(b) Aggregate Principal Amount. On August 6, 2013, which shall be the Original Issue Date, the Company will
deliver to the Trustee for authentication Notes executed by the Company for original issue in aggregate principal amount not to exceed $300,000,000. The aggregate principal amount of the Notes which may be authenticated and delivered under the
Indenture is unlimited. 
 (c) Book-Entry System. 

(i) The Notes will be issued in the form of one or more notes in registered global form (the “Global Note”) held
in book-entry form. The Depository Trust Company, as depository (“DTC”), or its nominee will initially be the sole registered holder of the Notes for all purposes under the Indenture. 

(ii) Except as set forth below, the Global Notes may be transferred, in whole and not in part, only to another nominee of
DTC or to a successor of DTC or its nominee. A Global Note is exchangeable for certificated Notes only if: (A) DTC notifies the Company that it is unwilling or unable to continue as a depositary for such Global Note or if at any time DTC ceases
to be a clearing agency registered under the Exchange Act and, in either case, the Company fails to appoint a successor depository within 90 days after the date of such notice, (B) the Company in its discretion at any time determines not to
have all the Notes 

  
 12 

 
represented by such Global Note, or (C) there shall have occurred and be continuing a Default or an Event of Default with respect to the Notes represented by such Global Note. Any Global
Note that is exchangeable for certificated Notes pursuant to the preceding sentence will be exchanged for certificated Notes in authorized denominations and registered in such names as DTC or any successor depositary holding such Global Note may
direct. Subject to the foregoing, a Global Note is not exchangeable, except for a Global Note of like denomination to be registered in the name of the Depositary or its nominee. In the event that a Global Note becomes exchangeable for certificated
Notes, (x) certificated Notes will be issued only in fully registered form in denominations of $2,000 or integral multiples of $1,000 in excess thereof, (y) payment of principal of, and, if any, premium with respect to, and interest on,
the certificated Notes will be payable, and the transfer of the certificated Notes will be registerable, at the office or agency of the Company maintained for such purposes, and (z) no service charge will be made for any registration of
transfer or exchange of the certificated Notes although the Company may require payment of a sum sufficient to cover any tax or governmental charge imposed in connection therewith. 

(d) Persons to Whom Interest Payable. Interest on the Notes shall be payable to the Person in whose name a Note is
registered at the close of business (whether or not a Business Day) on the Regular Record Date (as set forth in Section 3.02(f)(iii) below), for such interest payment, except (i) that interest payable on December 15, 2021 shall be
payable to the Person to whom principal is payable, and (ii) that default interest shall be payable in the manner provided in Section 2.11 of the Original Indenture. 

(e) Stated Maturity. The date on which the principal of the Notes shall be payable, unless earlier redeemed,
repurchased or accelerated pursuant to the Indenture, is December 15, 2021. 
 (f) Rate of Interest;
Interest Payment Dates; Regular Record Dates; Overdue Principal and Interest. 
 (i) Rate of Interest.
The principal amount of each of the Notes shall bear simple interest at the rate of 6.25% per annum. Interest on each of the Notes shall accrue from the most recent Interest Payment Date to which interest has been paid or, if no interest has
been paid, from August 6, 2013. Interest shall be computed on the basis of a 360-day year of twelve 30-day months. 
 (ii) Interest Payment Dates. Interest on the Notes shall be payable semiannually in arrears on June 15 and December 15 of each year, commencing December 15, 2013. If any Interest
Payment Date or Maturity of the Notes falls on a day that is not a Business Day, the payment due on such Interest Payment Date or at Maturity will be made 

  
 13 

 
on the following day that is a Business Day as if it were made on the date such payment was due and no interest shall accrue on the amount so payable for the period from and after such Interest
Payment Date or Maturity, as the case may be. 
 (iii) Regular Record Dates. The Regular Record Dates for
interest payable on each June 15 and December 15 will be the immediately preceding June 1 and December 1 (whether or not a Business Day), respectively. 

(iv) Overdue Principal and Interest. Overdue principal and, to the extent payment of such interest shall be legally
enforceable, overdue installments of interest shall bear interest at the rate of 6.25% per annum. 
 (g)
Place and Method of Payment; Registration of Transfer and Exchange; Notices to Company. 
 (i) Place
and Method of Payment. Payment of the principal of and interest on the Notes will be made at the corporate trust office of the Trustee in the Borough of Manhattan, The City of New York, or at any other office or agency designated by the Company
for such purpose. The foregoing notwithstanding, payments in respect of Notes represented by a Global Note (including principal, premium and interest) will be made by wire transfer of immediately available funds to the accounts specified by DTC or
any successor. The Company will make all payments in respect of a certificated Note (including principal, premium and interest), (A) to Holders having an aggregate principal amount of $2,000,000 or less, by check mailed to the registered
addresses of such Holders and (B) to Holders having an aggregate principal amount of more than $2,000,000, either by check mailed to the registered address of each Holder or, upon request by a Holder to the Registrar not later than the relevant
Regular Record Date, by wire transfer in immediately available funds to that Holder’s accounts within the United States, which request shall remain in effect until the Holder notifies the Registrar to the contrary in writing. 

(ii) Registration of Exchange and Transfer. Notes may be presented for exchange and registration of transfer at the
corporate trust office of the Trustee in the Borough of Manhattan, The City of New York, or at the office of any transfer agent hereafter designated by the Company for such purpose. 

(iii) Notices to Company. Notices and demands to or upon the Company in respect to the Notes and the Indenture may
be served at Standard Pacific Corp., 15360 Barranca Parkway, Irvine, California 92618, Attention: Secretary. 

  
 14 

 (h) Issuance of Additional Notes. The Company shall be entitled to
issue Additional Notes under the Indenture which shall have substantially identical terms as the Notes, other than with respect to the date of issuance, issue price, the initial date from which interest begins to accrue, the amount of interest
payable on the first payment date applicable thereto or upon a registration default as provided under a registration rights agreement related to such Additional Notes, if any, and, if applicable, the existence of transfer restrictions pursuant to
the Securities Act of 1933, as amended. The Initial Notes and any Additional Notes shall be treated as a single class for all purposes under the Indenture. 
 With respect to any Additional Notes, the Company shall set forth in an Officers’ Certificate, a copy of which shall be delivered to the Trustee, the following information: 

(1) the aggregate principal amount of Notes outstanding immediately prior to the issuance of such Additional Notes;

 (2) the aggregate principal amount of such Additional Notes to be authenticated and delivered pursuant to this
Indenture; 
 (3) the issue price and the issue date of such Additional Notes and the amount of interest payable
on the first payment date applicable thereto; and 
 (4) the “CUSIP”, “ISIN” or “Common
Code” number, as applicable, of such Additional Notes. 
 ARTICLE IV 

Redemption 
 SECTION 4.01. Optional Redemption. The Notes will be redeemable at the option of the Company, in whole or in part, at any time or from time to time, upon not less than 30 nor more than 60
days’ prior written notice mailed by first-class mail to the registered address of each Holder of Notes to be redeemed. At any time prior to June 15, 2021, the Notes will be redeemable at a redemption price equal to the greater of
(i) 100% of the principal amount of the Notes to be redeemed or (ii) the sum, as determined by the Quotation Agent, as defined below, of 100% of the present values of the principal amount of the Notes to be redeemed and the remaining
scheduled payments of interest thereon from the redemption date to December 15, 2021 for the Notes to be redeemed, exclusive of interest accrued to the redemption date (the “Remaining Life”), discounted from their respective scheduled
payment dates to the redemption date on a semiannual basis (assuming a 360-day year consisting of 30-day months) at the Treasury Rate, as defined below, plus 50 basis points, plus, in either case, accrued and unpaid interest, if any, on the
principal amount being redeemed to the date of redemption. At any time on or after June 15, 2021, the Notes will be redeemable at a redemption price equal to 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid
interest, if any, on the principal amount being redeemed to the redemption date. 

  
 15 

 As used in this Section 4.01: 

“Comparable Treasury Issue” means the United States Treasury security selected by the Quotation Agent as having a maturity
comparable to the Remaining Life that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity with the Remaining Life. 

“Comparable Treasury Price” means, with respect to any redemption date, the average of the Reference Treasury Dealer Quotations
for such redemption date. 
 “Quotation Agent” means the Reference Treasury Dealer appointed by the Company.

 “Reference Treasury Dealer” means (a) Citigroup Global Markets Inc. and its successors; provided,
however, that if the foregoing ceases to be a primary U.S. Government securities dealer in New York City (a “primary treasury dealer”), the Company will substitute therefor another primary treasury dealer, and (b) two other
primary treasury dealers selected by the Company. 
 “Reference Treasury Dealer Quotations” means, with respect to
each Reference Treasury Dealer and any redemption date, the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by such Reference Treasury Dealer at
5:00 p.m., New York City time, on the third business day preceding such redemption date. 
 “Treasury Rate” means,
with respect to any redemption date, (1) the yield, under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any
successor publication that is published weekly by the Board of Governors of the Federal Reserve System and that establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury
Constant Maturities,” for the maturity corresponding to the Comparable Treasury Issue (if no maturity is within three months before or after the stated maturity, yields for the two published maturities most closely corresponding to the
Comparable Treasury Issue shall be determined, and the Treasury Rate shall be interpolated or extrapolated from such yields on a straight-line basis, rounding to the nearest month) or (2) if such release (or any successor release) is not
published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury
Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date. The Treasury Rate shall be calculated on the third business day preceding the redemption date. 

If less than all of the Notes are to be redeemed, the Trustee will select the Notes to be redeemed on a pro rata basis, by lot or by such
other method as the Trustee in its sole discretion shall deem to be fair and appropriate. If money sufficient to pay the 

  
 16 

 
redemption price of and accrued interest on all of the Notes (or portions thereof) to be redeemed on the redemption date is deposited with the Trustee or Paying Agent on or before 11:00 a.m. (New
York City time) on the redemption date, then on and after such redemption date interest shall cease to accrue on the Notes or portions of them called for redemption. 
 Notes in denominations larger than $2,000 may be redeemed in part. 
 Anything to
the contrary in the Original Indenture notwithstanding, 
 (a) If all of the Notes of a Holder are to be redeemed, the entire
outstanding amount of Notes held by such Holder, even if not a multiple of $1,000, shall be redeemed. 
 (b) Any notice of
redemption mailed pursuant to Section 3.03 of the Original Indenture may state that no representation is made as to the correctness or accuracy of the CUSIP, ISIN or Common Code number, if any, listed in such notice or printed on the Notes.

 (c) Redemption notices may be mailed more than 60 days prior to a redemption date if such notice is issued in connection with
a satisfaction or discharge of the Indenture pursuant to Section 8.01 hereof. 
 SECTION 4.02. Acceleration. The
principal amount of the Notes shall be payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.02 of the Original Indenture. 
 SECTION 4.03. Change of Control. Upon the occurrence of a Change of Control Triggering Event, each Holder shall have the right to require that the Company repurchase all or a portion of such
Holder’s Notes at a purchase price in cash equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to the date of repurchase (subject to the right of Holders of record on the relevant Regular Record Date to
receive interest due on the relevant Interest Payment Date), in accordance with the provisions of the next paragraph. 
 Within
30 days following any Change of Control Triggering Event or, at the Company’s option, prior to any Change of Control Triggering Event, but after public announcement of the transaction that constitutes or may constitute a Change of Control, the
Company shall mail a notice to each Holder with a copy to the Trustee, stating: 
 (a) that a Change of Control
Triggering Event has occurred or will occur and that such Holder has the right to require the Company to purchase such Holder’s Notes at a purchase price in cash equal to 101% of the principal amount outstanding at the repurchase date plus
accrued and unpaid interest, if any, to the date of repurchase (subject to the right of Holders of record on the relevant Regular Record Date to receive interest on the relevant Interest Payment Date) (the “Repurchase Price”); 

  
 17 

 (b) the circumstances and relevant facts and relevant financial information
regarding such Change of Control Triggering Event; 
 (c) the repurchase date (which shall be no earlier than 30
days nor later than 60 days from the date such notice is mailed) (the “Repurchase Date”); 
 (d) that
any Note not tendered or accepted for payment will continue to accrue interest; 
 (e) that any Note accepted for
payment shall cease to accrue interest after the Repurchase Date; 
 (f) that Holders electing to have a Note
purchased will be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse side of the Note completed, to the Paying Agent at the address specified in the notice at least five days before
the Repurchase Date; 
 (g) that Holders will be entitled to withdraw their election if the Paying Agent
receives, not later than three days prior to the Repurchase Date, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such
Holder is withdrawing his election to have the Note purchased; and 
 (h) that Holders whose Notes were purchased
only in part will be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered. 
 The
notice shall, if mailed prior to the date of consummation of the Change of Control Triggering Event, state that the right to require the Company to purchase such Holders’ Notes is conditioned on the Change of Control Triggering Event occurring
on or prior to the Repurchase Date. 
 On the Repurchase Date, the Company shall (i) accept for payment Notes or portions
thereof properly tendered, (ii) deposit with the Paying Agent money sufficient to pay the Repurchase Price of all Notes or portions thereof so accepted and (iii) deliver to the Trustee Notes so accepted together with an Officers’
Certificate stating the Notes or portions thereof accepted for payment by the Company. The Paying Agent shall promptly mail or deliver to Holders of Notes so accepted, payment in an amount equal to the Repurchase Price, and the Trustee shall
promptly authenticate and mail or deliver to such Holders a new Note equal in principal amount of any unpurchased portion of the Note surrendered. The Company will publicly announce the results on the Repurchase Date or as soon as practicable
thereafter. For purposes of this Section 4.03, the Trustee shall act as the Paying Agent. 

  
 18 

 ARTICLE V 
 Registrar of Securities; Paying Agent 
 SECTION 5.01. Appointment of
Registrar and Paying Agent. The Company hereby appoints the Trustee as the Registrar and initial Paying Agent. The books of the Registrar for the Notes will be initially maintained at the Corporate Trust Office of the Trustee. 

ARTICLE VI 

Certain Covenants 
 The Company covenants as follows: 
 SECTION 6.01. Compliance with Securities
Laws. The Company shall comply, to the extent applicable, with the requirements of Section 14(e) of the Exchange Act and any other securities laws or regulations in connection with the repurchase of Notes pursuant to Section 4.03
hereof. To the extent that the provisions of any securities laws or regulations conflict with said provisions hereunder, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its
obligations under said provisions hereunder by virtue thereof. 
 SECTION 6.02. Restrictions on Secured Indebtedness.
(a) The Company will not, and will not cause or permit a Restricted Subsidiary to, Incur any Secured Indebtedness unless the Notes will be secured equally and ratably with (or prior to) such Secured Indebtedness. 

(b) Notwithstanding the foregoing paragraph (a), the Company and its Restricted Subsidiaries may Incur Secured Indebtedness which is
secured by: 
 (i) Liens on model homes, homes under construction, homes held for sale, homes that are under
contract for sale, contracts for the sale of homes, land (improved or unimproved), manufacturing plants, warehouses or office buildings and fixtures, equipment located thereat or thereon and other related property customarily included as collateral
under mortgages, deeds of trust and related documents for a homebuilding or other land development project; 

(ii) Liens on assets at the time of their acquisition by the Company or a Restricted Subsidiary, including Capitalized
Lease Obligations, which Liens secure obligations assumed by the Company or a Restricted Subsidiary, or on assets of a Person existing at the time such Person is acquired or merged with or into or consolidated with the Company or any such Restricted
Subsidiary (and not created in anticipation or contemplation thereof); 

  
 19 

 (iii) Liens arising from conditional sales agreements or title retention
agreements with respect to property acquired by the Company or a Restricted Subsidiary; 
 (iv) Liens incurred in
connection with pollution control, industrial revenue, water sewage or any similar item; 
 (v) Liens securing
Indebtedness of a Restricted Subsidiary owed to the Company or to a Wholly Owned Restricted Subsidiary of the Company; and 
 (vi) any amendment, restatement, supplement, renewal, replacement, extension or refunding in whole or in part, of Secured Indebtedness permitted to be Incurred pursuant to this Section 6.02 at the
time of the original Incurrence thereof. 
 (c) Notwithstanding the foregoing paragraph (a), the Company and its Restricted
Subsidiaries may Incur Secured Indebtedness, without equally or ratably securing the Notes, if immediately thereafter the sum of (i) the aggregate principal amount of all Secured Indebtedness outstanding Incurred by the Company or any of the
Restricted Subsidiaries (excluding (A) Secured Indebtedness permitted under clauses (i) through (vi) of Section 6.02(b) above and (B) any Secured Indebtedness in relation to which the Notes have been equally and ratably
secured) and (ii) all Attributable Debt in respect of Sale and Leaseback Transactions (excluding Attributable Debt in respect of Sale and Leaseback Transactions satisfying the conditions set forth in clauses (i), (ii) and (iii) of
Section 6.03(a) hereof and Attributable Debt in respect of Sale and Leaseback Transactions to which Section 6.03 hereof does not apply pursuant to the first sentence of Section 6.03(b)) as of the date of determination would not exceed
20% of Consolidated Net Tangible Assets. 
 SECTION 6.03. Restrictions on Sale and Leaseback Transactions. (a) The
Company will not, and will not permit any Restricted Subsidiary to, enter into any Sale and Leaseback Transaction, unless: 
 (i) notice is promptly given to the Trustee of the Sale and Leaseback Transaction; 
 (ii) fair value is received by the Company or the relevant Restricted Subsidiary for the property sold (as determined in good faith by the Company and communicated in writing to the Trustee); and

 (iii) the Company or a Restricted Subsidiary, within 365 days after the completion of the Sale and Leaseback
Transaction, applies, or enters into a definitive agreement to apply within such 365-day period, an amount equal to the net proceeds therefrom either: 
 (A) to the redemption, repayment or retirement of (1) the Notes or any Other Public Notes (including the cancellation by the Trustee of 

  
 20 

 
any Notes or Other Public Notes delivered by the Company to the Trustee or the trustee of such Other Public Notes), (2) other Indebtedness of the Company that ranks equally with the Notes,
including under the Bank Credit Facility, or (3) Indebtedness of any Guarantor that ranks equally with its Guarantee of the Notes, or 
 (B) to the purchase by the Company or any Restricted Subsidiary of property used in their respective businesses. 
 (b) This Section 6.03 will not apply to a Sale and Leaseback Transaction that relates to a sale of a property that occurs within 180 days from the later of (x) the date of acquisition of the
property by the Company or a Restricted Subsidiary, (y) the date of the completion of the construction of that property or (z) the date of commencement of full operations on that property. Notwithstanding the foregoing paragraph (a), the
Company and its Restricted Subsidiaries may enter into a Sale and Leaseback Transaction without satisfying the conditions set forth in clauses (i), (ii) and (iii) of Section 6.03(a) if immediately thereafter the sum of (1) the
aggregate principal amount of all Secured Indebtedness outstanding Incurred by the Company or any of the Restricted Subsidiaries (excluding Secured Indebtedness permitted under clauses (i) through (vi) of Section 6.02(b) hereof and
any Secured Indebtedness in relation to which the Notes have been equally and ratably secured) and (2) all Attributable Debt in respect of Sale and Leaseback Transactions (excluding Attributable Debt in respect of Sale and Leaseback
Transactions satisfying the conditions set forth in clauses (i), (ii) and (iii) of Section 6.03(a) and Attributable Debt in respect of Sale and Leaseback Transactions to which this Section 6.03 does not apply pursuant to the
first sentence of this Section 6.03(b)) as of the date of determination would not exceed 20% of Consolidated Net Tangible Assets. 
 SECTION 6.04. Designation of Restricted and Unrestricted Subsidiaries. (a) The Company will not, and will not permit any Restricted Subsidiary to, (A) designate any Restricted Subsidiary
as an Unrestricted Subsidiary or (B) make any additional Investment in any Unrestricted Subsidiary unless the amount of such Investment (or deemed Investment in the case of a designation), when taken together with all Investments (including by
way of designation) made in Unrestricted Subsidiaries after the Original Issue Date, would not exceed the sum of (without duplication): 
 (i) the aggregate amount of Restricted Payments (measured at the time of any proposed Investment) that would be permitted to be made pursuant to Section 4.08(c)(iii) (without giving effect to the
other clauses of Section 4.08(c)) of the 2016 Notes Indenture; provided, however, that if the 2016 Notes are repaid, prepaid, redeemed, defeased, retired or otherwise cease to exist, “Unrestricted Subsidiary” and
“Restricted Subsidiary”, as such terms are defined for purposes of the Notes, shall be used for purposes of the foregoing calculation; 
 (ii) 100% of dividends or distributions (the fair market value of which, if other than cash, to be determined by the Board of Directors, in 

  
 21 

 
good faith) paid to the Company (or any Restricted Subsidiary) by an Unrestricted Subsidiary; provided, however, that in the case of an Unrestricted Subsidiary that is created after
the Measurement Date (other than a Subsidiary that is created by an Unrestricted Subsidiary existing on the Measurement Date), such credit shall not exceed the amount of Investments by the Company and the Restricted Subsidiaries made in such
Unrestricted Subsidiary after the Measurement Date; 
 (iii) the portion (proportionate to the Company’s
equity interest in such Unrestricted Subsidiary) of the fair market value of the net assets of an Unrestricted Subsidiary at the time such Unrestricted Subsidiary is designated a Restricted Subsidiary; provided, however, that the
foregoing amount shall not exceed, in the case of any Unrestricted Subsidiary that is created after the Measurement Date (other than a Subsidiary that is created by an Unrestricted Subsidiary existing on the Measurement Date), the amount of
Investments made by the Company and the Restricted Subsidiaries in such Unrestricted Subsidiary after the Measurement Date; and 
 (iv) $10.0 million. 
 (b) The Company will not (A) permit any Unrestricted
Subsidiary to be designated as a Restricted Subsidiary unless (1) immediately after giving effect to such designation, no Default or Event of Default shall have occurred and be continuing and (2) such Subsidiary complies with the
provisions of Section 6.07 hereof or (B) permit any Unrestricted Subsidiary that is an Unrestricted Subsidiary under the 2016 Notes Indenture, the 2018 Notes Indenture or the 2021 Notes Indenture to be designated as a Restricted Subsidiary
under the 2016 Notes Indenture, the 2018 Notes Indenture or the 2021 Notes Indenture unless it would be permitted to designate and concurrently does so designate such Subsidiary as a Restricted Subsidiary. 

(c) Promptly after the adoption of any Board Resolution designating a Restricted Subsidiary as an Unrestricted Subsidiary or an
Unrestricted Subsidiary as a Restricted Subsidiary, a copy thereof shall be filed with the Trustee, together with an Officers’ Certificate stating that the provisions of this Section 6.04 have been complied with in connection with such
designation. 
 (d) At the Original Issue Date, Standard Pacific Mortgage, Inc. and each of its Subsidiaries and Standard
Pacific Investment Corp. and each of its Subsidiaries are Unrestricted Subsidiaries. 
 SECTION 6.05. Merger and Sales of
Assets by the Company. The Company shall not consolidate with, merge into or transfer all or substantially all of its assets to another Person unless: 
 (a) such Person (if other than the Company) is a corporation organized under the laws of the United States or any state thereof or the District of Columbia and expressly assumes all the obligations of the
Company under this Indenture and the Notes; and 

  
 22 

 (b) immediately after giving effect to such transaction, no Default or Event of Default
shall have occurred and be continuing. 
 SECTION 6.06. Reports to Holders of the Notes. So long as the Company is
subject to the periodic reporting requirements of the Exchange Act, it shall continue to furnish the information required thereby to the SEC. Even if the Company is entitled under the Exchange Act not to furnish such information to the SEC or to the
Holders of the Notes, it will nonetheless continue to furnish information under Section 13 or 15(d) of the Exchange Act to the SEC and the Trustee as if it were subject to such periodic reporting requirements. 

SECTION 6.07. Future Subsidiary Guarantees. The Company shall not permit any of its Restricted Subsidiaries, directly or
indirectly, to guarantee, assume or in any manner become liable with respect to any of the Other Public Notes or other notes issued by the Company under an indenture or comparable documents to indentures used in jurisdictions outside of the United
States unless such Restricted Subsidiary simultaneously executes and delivers a supplemental indenture to the Indenture providing for the guarantee of the Notes on the same terms as the guarantee of such Other Public Notes or other notes issued
under an indenture or comparable documents used in jurisdictions outside of the United States (except that the guarantee of any notes issued under an indenture or comparable documents used in jurisdictions outside of the United States that are
subordinated to the Notes shall be subordinated to the guarantee of the Notes to the same extent as such subordinated notes are subordinated to the Notes). 
 ARTICLE VII 
 Events of Default 

SECTION 7.01. Additional Events of Default. In addition to the Events of Default specified in the Original Indenture, the
following shall constitute Events of Default under Section 6.01 of the Original Indenture with respect to the Notes: 
 (i) default under any mortgage, indenture (including the Original Indenture and the supplemental indentures thereto in respect of the terms of the Other Public Notes) or instrument under which is issued
or which secures or evidences Indebtedness of the Company or any Restricted Subsidiary (other than the Notes and Non-Recourse Indebtedness) which default constitutes a failure to pay principal of such Indebtedness in an amount of $25,000,000 or more
when due and payable (other than as a result of acceleration) or results in Indebtedness (other than the Notes and Non-Recourse Indebtedness) in the aggregate of $25,000,000 or more becoming or being declared due and payable before it would
otherwise become due and payable; 

  
 23 

 (ii) entry of a final judgment for the payment of money against the Company
or any Restricted Subsidiary in an amount of $5,000,000 or more which remains undischarged or unstayed for a period of 60 days after the date on which the right to appeal such judgment has expired or becomes subject to an enforcement proceeding; and

 (iii) except as permitted by the Indenture, any Guarantee shall be held in any judicial proceeding to be
unenforceable or invalid or shall cease for any reason to be in full force and effect or any Guarantor, or any Person acting on behalf of any Guarantor, shall deny or disaffirm its obligations under its Guarantee. 

SECTION 7.02. Inapplicability of Cure Provisions to Certain Events of Default. With respect to Section 6.01(3) of the
Original Indenture, the failure of the Company to comply with the covenant described under Section 6.05 hereof will constitute an Event of Default with notice as provided in Section 6.01 of the Original Indenture, but without passage of
time. 
 ARTICLE VIII 
 Defeasance and Discharge 
 SECTION 8.01. Defeasance and Discharge.
The provisions of Article Eight of the Original Indenture shall be applicable to the Notes, except that Section 8.01(e) of the Original Indenture shall be deleted in its entirety and replaced, solely for purposes of the Notes, by the following:

 “In addition to the Company’s rights above under this Section 8.01, the Company may terminate all of its
obligations under this Indenture with respect to the Notes and the Guarantees, and the Indenture will be discharged and will cease to be of further effect with respect to the Notes and the Guarantees (except as to rights of registration of transfer
or exchange of Notes which shall survive until all Notes have been cancelled), when: 
  

	 	(i)	Either (A) all Notes theretofore authenticated and delivered (other than Notes which have been destroyed, lost or stolen and which have been replaced or paid as
provided in Section 2.07 of the Original Indenture and Notes for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust) have
been delivered to the Trustee for cancellation or (B) all such Notes not theretofore delivered to the Trustee for cancellation have become due and payable, will become due and payable at Stated Maturity within one year or are to be called for
redemption by the Company within one year pursuant to Section 4.01 hereof, and the Company has irrevocably deposited or caused to be deposited with the Trustee, under an irrevocable trust agreement, money or United States government obligations
in an amount sufficient to pay principal of any interest on the Notes to their Stated Maturity or redemption; 

  
 24 

	 	(ii)	the Company has paid all sums payable hereunder in respect of the Notes; 

  

	 	(iii)	the Company has delivered irrevocable instructions to the Trustee to apply the deposited money toward the payment of the Notes at Stated Maturity or on the date of
redemption, as the case may be; and 

  

	 	(iv)	the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel (as to legal matters), stating that all conditions precedent specified
herein relating to the satisfaction and discharge of this Indenture have been complied with.” 

 ARTICLE IX

 Modifications and Waivers 
 SECTION 9.01. Without Consent of Holders. In addition to the provisions of Section 9.01 of the Original Indenture, the Company and the Trustee may execute a supplemental indenture without the
consent of the Holders of the Notes: 
 (a) to conform the text of the Indenture or the Notes to any provision
under the heading “Description of notes” in the Prospectus Supplement; 
 (b) to provide for the
issuance of Additional Notes as permitted by Section 3.02(h) hereof; 
 (c) to release a Guarantor from its
obligations under its Guarantee, the Notes or this Indenture in accordance with the applicable provisions of the Indenture and to evidence the succession of another Person to such Guarantor and the assumption by it of the obligations of such
Guarantor under the Indenture and such Guarantee; 
 (d) to add Guarantees with respect to the Notes; or

 (e) to pledge collateral to secure the Notes and Guarantees and to release the Notes and Guarantees as
provided in the Indenture. 
 SECTION 9.02. With Consent of Holders. 

(a) Section 9.02(6) of the Original Indenture shall be deleted in its entirety and replaced by the following:
“adversely modify the ranking or priority of the Notes (except for releases of Guarantees as permitted under the Indenture); or” 

  
 25 

 (b) In addition to the provisions of Section 9.02 of the Original Indenture (including
Section 9.02(6) as amended pursuant to Section 9.02(a) above), without the consent of each Holder of a Note affected, an amendment, supplement or waiver may not release any Guarantor from any of its obligations under its Guarantee or the
Indenture other than in accordance with the terms of the Indenture. 
 ARTICLE X 

Guarantee 

SECTION 10.01. Unconditional Guarantee. Each Guarantor hereby unconditionally, jointly and severally, and irrevocably guarantees
(each such guarantee to be referred to herein as a “Guarantee”) on a senior basis to each Holder of the Notes and to the Trustee and its successors and assigns, that: (i) the principal of and interest on the Notes will be promptly
paid in full when due, subject to any applicable grace period, whether at Stated Maturity, by acceleration, by redemption or otherwise and interest on the overdue principal, if any, and interest on any interest of the Notes and all other obligations
of the Company to the Holders or the Trustee hereunder or thereunder, will be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and (ii) in case of any extension of time of payment or renewal of any Notes
or of any such other obligations, the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, subject to any applicable grace period, whether at Stated Maturity, by acceleration, by
redemption or otherwise, subject, however, to the limitations set forth in Section 10.04 hereof. Each Guarantor hereby agrees that its obligations hereunder shall be unconditional, irrespective of the validity, regularity or enforceability of
the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or thereof, the recovery of any judgment against the Company, any action to enforce
the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. Each Guarantor hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event of
insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest, notice and all demands whatsoever and covenants that, subject to Section 10.03 hereof, this Guarantee will not be discharged except
by complete performance of the obligations of the Company contained in the respective Notes and this Indenture with respect to the respective Notes. If any Holder or the Trustee is required by any court or otherwise to return to the Company, any
Guarantor, or any custodian, trustee, liquidator or other similar official acting in relation to the Company or any Guarantor, any amount paid by the Company or any Guarantor to the Trustee or such Holder, this Guarantee, to the extent theretofore
discharged, shall be reinstated in full force and effect. Each Guarantor further agrees that, as between each Guarantor, on the one hand, and the Holders and the Trustee, on the other hand, (x) the Maturity of the obligations guaranteed hereby
may be accelerated as provided in this Indenture for the purposes of this Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (y) in the event of
any acceleration of such obligations as provided in this Indenture, such obligations (whether or not due and payable) shall forthwith become due and payable by each Guarantor for the purpose of this Guarantee. 

  
 26 

 SECTION 10.02. Severability. In case any provision of this Guarantee 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 10.03. Release of a Guarantor; Termination of Guarantee. 
 Upon:

 (a) the sale or disposition (whether by merger, stock purchase, asset sale or otherwise) of a Guarantor (or
all or substantially all its assets or its Capital Stock) to an entity which is not (after giving effect to such transaction) a Restricted Subsidiary or the Company; 

(b) discharge of the Indenture, as provided under Article Eight of the Original Indenture (as amended pursuant to
Section 8.01 hereof); 
 (c) Legal Defeasance or Covenant Defeasance in respect of the Notes as set forth
under Article Eight of the Original Indenture; 
 (d) any Restricted Subsidiary ceasing to be a Restricted
Subsidiary as a result of the Company, directly or indirectly, owning less than 80% of such Subsidiary; 
 (e)
any Guarantor ceasing to guarantee all Other Public Notes and any other notes issued by the Company under an indenture or comparable documents to indentures used in jurisdictions outside of the United States; or 

(f) the designation of any Guarantor as an Unrestricted Subsidiary in accordance with the terms of the Indenture,

 in each such case such Guarantor shall be deemed automatically and unconditionally released and discharged from all the Guarantor’s
obligations under the Guarantee with respect to the Notes without any further action required on the part of the Guarantor, the Company, the Trustee or any Holder. In the event of a transfer of all or substantially all of the assets or Capital Stock
of a Guarantor to an entity which is not (after giving effect to such transaction) a Restricted Subsidiary or the Company, the Person acquiring such assets or stock of such Guarantor shall not be subject to the Guarantor’s obligations under the
Guarantee. 
 An Unrestricted Subsidiary that is a Guarantor shall be deemed automatically and unconditionally released and
discharged from all obligations under this Article X with respect to the Notes upon notice from the Company to the Trustee to such effect, without any further action required on the part of the Guarantor, the Company, the Trustee or any Holder.

  
 27 

 The Guarantee shall terminate and be of no further force or effect upon the redemption in
full, retirement or other discharge of Notes. The Trustee shall deliver an appropriate instrument evidencing any such release upon receipt of a request by the Company accompanied by an Officers’ Certificate and Opinion of Counsel certifying as
to the compliance with this Section 10.03. 
 Any Guarantor not released in accordance with this Section 10.03 remains
liable for the full amount of principal of and interest on the Notes as provided in this Article X. 
 SECTION 10.04.
Limitation of a Subsidiary Guarantor’s Liability. Notwithstanding anything contained herein to the contrary, it is the intention of the parties that the guarantee by each Guarantor pursuant to its Guarantee not constitute a fraudulent
transfer or conveyance for purposes of the Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal or state law. To effectuate the foregoing intention, the parties hereby irrevocably agree
that the obligations of each Guarantor under its Guarantee of the Notes shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor (and after giving effect to any collections
from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to Section 10.06), result in the obligations of such Guarantor under its Guarantee not
constituting such fraudulent transfer or conveyance. 
 SECTION 10.05. Guarantors May Consolidate, Etc. on Certain Terms.
(a) Except as permitted under Section 10.03, no Guarantor may transfer all or substantially all of its assets to, or consolidate with or merge with or into (whether or not such Guarantor is the surviving Person), another Person, other than the
Company or another Guarantor in a transaction to which subsection (b) applies, unless (i) the Person acquiring the property in any such transfer or the Person formed by or surviving any such consolidation or merger (if other than the
Guarantor) unconditionally assumes all the obligations of that Guarantor under this Indenture (including its Guarantee of the Notes) pursuant to an agreement reasonably satisfactory to the Trustee and (ii) immediately after giving effect to
such transaction, no Default or Event of Default shall have occurred and be continuing. 
 (b) Nothing contained in this
Indenture or in any of the Notes shall prevent any consolidation or merger of a Guarantor with or into the Company or another Guarantor, or shall prevent any transfer of all or substantially all assets of a Guarantor to the Company or another
Guarantor. Upon any such consolidation, merger, or transfer between a Guarantor and the Company or another Guarantor, the Guarantee given by the non-surviving or transferring Guarantor in the transaction shall no longer have any force or effect.

 SECTION 10.06. Contribution. In order to provide for just and equitable contribution among the Guarantors, the
Guarantors agree, inter se, that in the event any payment or distribution is made by any Guarantor (a “Funding Guarantor”) under its 

  
 28 

 
Guarantee with respect to the Notes, such Funding Guarantor shall be entitled to a contribution from all other Guarantors in a pro rata amount based on the Adjusted Net Assets of each Guarantor
(including the Funding Guarantor) for all payments, damages and expenses incurred by that Funding Guarantor in discharging the Company’s obligations with respect to any Notes or any other Guarantor’s obligations with respect to the
Guarantee of the Notes. “Adjusted Net Assets” of such Guarantor at any date shall mean the lesser of the amount by which (x) the fair value of the property of such Guarantor exceeds the total amount of liabilities, including, without
limitation, contingent liabilities (after giving effect to all other fixed and contingent liabilities incurred or assumed on such date and after giving effect to any collection from any other Subsidiary of the Guarantor in respect of the obligations
of its Guarantee of the Notes), but excluding liabilities under the Guarantee of the Notes, of such Guarantor at such date and (y) the present fair salable value of the assets of such Guarantor at such date exceeds the amount that will be
required to pay the probable liability of such Guarantor on its debts (after giving effect to all other fixed and contingent liabilities incurred or assumed on such date and after giving effect to any collection from any other Subsidiary of the
Company in respect of the obligations of such Guarantor under its Guarantee of the Notes), excluding debt in respect of the Guarantee of the Notes of such Guarantor, as they become absolute and matured. 

SECTION 10.07. Waiver of Subrogation. Until all guaranteed obligations under this Indenture and with respect to all Notes are paid
in full, each Guarantor hereby irrevocably waives any claim or other rights which it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of such Guarantor’s obligations under the
Guarantee of the Notes and this Indenture, including, without limitation, any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether
or not such claim, remedy or right arises in equity, or under contract, statute or common law, including, without limitation, the right to take or receive from the Company, directly or indirectly, in cash or other property or by set-off or in any
other manner, payment or Note on account of such claim or other rights. If any amount shall be paid to any Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall have been deemed to have
been paid to such Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or
unmatured, in accordance with the terms of this Indenture. Each Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by this Indenture and that the waiver set forth in this
Section 10.07 is knowingly made in contemplation of such benefits. 
 SECTION 10.08. Compensation and Indemnity.
Each of the Guarantors agrees to jointly and severally, with the Company, indemnify the Trustee as set forth in Section 7.07 of the Original Indenture. 
 SECTION 10.09. Modification. No modification, amendment or waiver of any provision of this Article X, nor the consent to any departure by any Guarantor

  
 29 

 
therefrom, shall in any event be effective unless the same shall be in writing and signed by the Trustee, and then such waiver or consent shall be effective only in the specific instance and for
the purpose for which given. No notice to or demand on any Guarantor in any case shall entitle such Guarantor to any other or further notice or demand in the same, similar or other circumstances. 

SECTION 10.10. Successors and Assigns. This Article X shall be binding upon each Guarantor and its successors and assigns and
shall inure to the benefit of the successors and assigns of the Trustee and the Holders of Notes and, in the event of any transfer or assignment of rights by any Holder of Notes or the Trustee, the rights and privileges conferred upon that party in
this Indenture and in the Notes shall automatically extend to and be vested in such transferee or assignee, all subject to the terms and conditions of this Indenture. 
 SECTION 10.11. No Waiver. Neither a failure nor a delay on the part of either the Trustee or the Holders of Notes in exercising any right, power or privilege under this Article X shall operate as a
waiver thereof, nor shall a single or partial exercise thereof preclude any other or further exercise of any right, power or privilege. The rights, remedies and benefits of the Trustee and the Holders of Notes herein expressly specified are
cumulative and not exclusive of any other rights, remedies or benefits which either may have under this Article X at law, in equity, by statute or otherwise. 
 ARTICLE XI 
 Miscellaneous 

SECTION 11.01. Governing Law. The laws of the State of New York shall govern this Twentieth Supplemental Indenture and the Notes.

 SECTION 11.02. The Trustee. The Trustee is The Bank of New York Mellon Trust Company, N.A. The Trustee will be
permitted to engage in certain transactions with the Company and its subsidiaries; provided, however, if the Trustee acquires any conflicting interest, it must eliminate such conflict or resign upon the occurrence of an Event of
Default. 
 In case an Event of Default occurs and is not cured, the Trustee will be required, in the exercise of its power, to
use the degree of care of a prudent person in similar circumstances in the conduct of its own affairs. The Trustee may refuse to perform any duty or exercise any right or power under the Indenture, unless it receives indemnity satisfactory to it
against any loss, liability or expense. 
 SECTION 11.03. No Adverse Interpretation of Other Agreements. This Twentieth
Supplemental Indenture may not be used to interpret another indenture, loan or debt agreement of the Company or a Subsidiary. Any such indenture, loan or debt agreement may not be used to interpret this Twentieth Supplemental Indenture. 

SECTION 11.04. No Recourse Against Others. A director, officer, employee or stockholder, as such, of the Company shall not have
any liability for any 

  
 30 

 
obligations of the Company under the Notes or this Twentieth Supplemental Indenture or for any claim based on, in respect of or by reason of, such obligations or their creation. Each Holder by
accepting the Notes waives and releases all such liability. The waiver and release are part of the consideration for the issue of the Notes. 
 SECTION 11.05. Successors and Assigns. All covenants and agreements of the Company in this Twentieth Supplemental Indenture and the Notes shall bind its successors and assigns. All agreements of
the Trustee in this Twentieth Supplemental Indenture shall bind its successors and assigns. 
 SECTION 11.06. Duplicate
Originals. The parties may sign any number of copies of this Twentieth Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 

SECTION 11.07. Severability. In case any one or more of the provisions contained in this Twentieth Supplemental Indenture or in
the Notes shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Twentieth Supplemental Indenture or the Notes. 

(Remainder of page intentionally left blank) 

  
 31 

 IN WITNESS WHEREOF, the parties hereto have executed this Twentieth Supplemental Indenture
by their officers thereunto as of the date first set forth above. 
  

					
	Standard Pacific Corp.,
			
		 	By:	 	 /s/ Scott Dawson Stowell

		 	Name:	 	Scott Dawson Stowell
		 	Title:	 	Chief Executive Officer
	
	Lagoon Valley Residential, LLC
	
	By: Standard Pacific Corp., its Sole Member
	
	Standard Pacific of Tonner Hills, LLC
	
	By: Standard Pacific Corp., its Sole Member
		
	By:	 	 /s/ Scott Dawson Stowell

	Name:	 	
	Title:	 	

  
 32 

			
	HSP Arizona, Inc.
	
	HWB Investments, Inc.
	
	Standard Pacific 1, Inc.
	
	Standard Pacific of Arizona, Inc.
	
	Standard Pacific of Colorado, Inc.
	
	Standard Pacific of Florida GP, Inc.
	
	Standard Pacific of Las Vegas, Inc.
	
	Standard Pacific of Orange County, Inc.
	
	Standard Pacific of South Florida GP, Inc.
	
	Standard Pacific of South Florida
		
	By:	 	Standard Pacific of South Florida GP, Inc.,
		 	its Managing Partner
	
	Standard Pacific of Tampa GP, Inc.
	
	Standard Pacific of Tampa
		
	By:	 	Standard Pacific of Tampa GP, Inc.,
		 	its Managing Partner
	
	Standard Pacific of Texas, Inc.
	
	Standard Pacific of the Carolinas, LLC
	
	Standard Pacific of Walnut Hills, Inc.
	Westfield Homes USA, Inc.
		
	By:	 	 /s/ Scott Dawson Stowell

	Name:	 	Scott Dawson Stowell
	Title:	 	Chief Executive Officer

  
 33 

					
	 THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.,
 as trustee,

			
		 	By:	 	 /s/ Melonee Young

		 	Name:	 	Melonee Young
		 	Title:	 	Vice President

  
 34 

 EXHIBIT A 
 FORM OF NOTE 
 THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. THIS GLOBAL NOTE IS EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS NOTE (OTHER THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE
DEPOSITARY) MAY BE REGISTERED EXCEPT IN SUCH LIMITED CIRCUMSTANCES. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) TO THE ISSUER OR ITS AGENT FOR THE REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR
SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY AND ANY PAYMENT IS MADE TO CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

  
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	No.	 	CUSIP No.: 85375CBD2

6 
1/4% Senior Notes due 2021 

STANDARD PACIFIC CORP., a Delaware corporation, promises to pay to [Holder], or registered assigns, [the principal sum of
         Dollars ($        )] [Insert if Global Note: the amount set forth in the Schedule of Increases and Decreases annexed hereto] on December 15, 2021.

 Interest Payment Dates: June 15 and December 15, commencing December 15, 2013 

 

			
	Regular Record Dates:	  	June 1 and December 1
		
	Authenticated:	  	
		
	Dated:	  	

 IN WITNESS WHEREOF, the parties have caused this instrument to be duly executed. 

  
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	 STANDARD PACIFIC CORP.,

			
		 	by	 	  

		 	Name:	 	
		 	Title:	 	
			
		 	by	 	  

		 	Name:	 	
		 	Title:	 	

  

			
	TRUSTEE’S CERTIFICATE OF AUTHENTICATION
	
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee, certifies that this is one of the Notes referred to in the within mentioned Indenture.
		
	By:	 	  

		 	Authorized Signatory

  
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 STANDARD PACIFIC CORP. 

6 
1/4% Senior Notes due 2021 

1. Interest. STANDARD PACIFIC CORP., a Delaware corporation (the “Company”), promises to pay interest on the principal
amount of this Note at the rate per annum shown above. The Company will pay interest semiannually on June 15 and December 15 of each year, commencing December 15, 2013 (each an “Interest Payment Date”) until the principal is
paid or made available for payment. Interest on the Notes will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paid, from August 6, 2013. Interest will be computed on the basis
of a 360-day year of twelve 30-day months. 
 2. Method of Payment. The Company will pay interest on the Notes (except
defaulted interest, if any, which will be paid on such special payment date to Holders of record on such special record date as may be fixed by the Company) to the persons who are registered Holders of Notes at the close of business on the
June 1 or December 1 immediately preceding the Interest Payment Date. Holders must surrender Notes to a Paying Agent to collect principal payments. The Company will pay principal and interest in money of the United States that at the time
of payment is legal tender for payment of public and private debts. Payments in respect of Notes represented by a Global Note (including principal, premium and interest) will be made by wire transfer of immediately available funds to the accounts
specified by DTC or any successor. The Company will make all payments in respect of a certificated Note (including principal, premium and interest), by mailing a check to the registered address of each Holder thereof except as provided in
Section 3.02(g)(i) of the Twentieth Supplemental Indenture (as defined below). 
 3. Paying Agent and Registrar.
Initially, The Bank of New York Mellon Trust Company, N.A. (the “Trustee”) will act as Paying Agent and Registrar. The Company may change or appoint any Paying Agent, Registrar or co-Registrar without notice. The Company or any of its
domestically incorporated Subsidiaries may act as Paying Agent, Registrar or co-Registrar. 
 4. Indenture. The Company
issued the Notes under an Indenture dated as of April 1, 1999, between the Company and the Trustee (the “Original Indenture,” as supplemented by that certain First Supplemental Indenture dated as of April 13, 1999, Second
Supplemental Indenture dated as of September 5, 2000, Third Supplemental Indenture dated as of December 28, 2001, Fourth Supplemental Indenture dated as of March 4, 2003, Fifth Supplemental Indenture dated as of May 12, 2003,
Sixth Supplemental Indenture dated as of September 23, 2003, Seventh Supplemental Indenture, dated as of March 11, 2004, Eighth Supplemental Indenture, dated as of March 11, 2004, Ninth Supplemental Indenture dated as of
August 1, 2005, Tenth Supplemental Indenture dated as of August 1, 2005, Eleventh Supplemental Indenture dated as of May 22, 2006, Twelfth Supplemental Indenture dated as of May 5, 2006, Thirteenth Supplemental Indenture dated as
of October 8, 2009, Fourteenth Supplemental Indenture, dated as of May 3, 2010, Fifteenth Supplemental Indenture dated as of December 22, 2010, 

  
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Sixteenth Supplemental Indenture dated as of December 22, 2010, Seventeenth Supplemental Indenture dated as of December 22, 2010, Eighteenth Supplemental Indenture dated as of
August 6, 2012, Nineteenth Supplemental Indenture dated as of August 6, 2012, and Twentieth Supplemental Indenture, dated as of August 6, 2013 (the “Twentieth Supplemental Indenture”), as so supplemented, the
“Indenture”). The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the sections of the Trust Indenture Act of 1939, as amended (“TIA”) as in effect on the date of the
Indenture. Terms defined in the Indenture and not defined herein have the meanings ascribed thereto in the Indenture. The Notes are subject to all such terms, and Holders are referred to the Indenture and the TIA for a statement of them. 

The Notes are unsecured senior obligations of the Company. The Company shall be entitled to issue Additional Notes pursuant to the
Indenture. The Initial Notes issued on the Original Issue Date and any Additional Notes issued thereafter will be treated as a single class for all purposes under the Indenture. 

This Note will be guaranteed by the Guarantors as set forth in the Indenture. 

The Company will furnish to any Holder upon written request and without charge a copy of the Indenture. Requests may be made to: Standard
Pacific Corp., 15360 Barranca Parkway, Irvine, California 92618, Attention: Secretary. 
 5. Optional Redemption. As set
forth in Section 4.01 of the Twentieth Supplemental Indenture, the Notes will be redeemable at the option of the Company, in whole at any time or in part from time to time, upon not less than 30 nor more than 60 days’ prior written notice
mailed by first class mail to each Holder’s registered address, on the terms set forth in the Indenture. 
 6. Mandatory
Repurchase Obligation. If there is a Change of Control Triggering Event of the Company, any Holder of Notes will have the right to cause the Company to repurchase all or any part of the Notes of such Holder at a repurchase price equal to 101% of
the principal amount of the Notes to be repurchased plus accrued and unpaid interest to the date of repurchase (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the related Interest Payment
Date) as provided in, and subject to the terms of, the Indenture. 
 7. Denominations, Transfer, Exchange. If this Note
is issued in global form and contains a legend on the face hereof to such effect, the provisions of this Section 7 shall be deemed superseded by such legend and Section 3.02(c) of the Twentieth Supplemental Indenture, to the extent the
provisions of this Section 7 are inconsistent with such legend or Section 3.02(c). The Notes are in registered form without coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. A Holder may transfer or
exchange Notes by presentation of such Notes to the Registrar or a co-Registrar with a request to register the transfer or to exchange them for an equal principal amount of Notes of other denominations. The Registrar may require a Holder, among
other things, to furnish appropriate endorsements and transfer documents 

  
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and to pay any taxes and fees required by law or permitted by the Indenture. The Registrar need not transfer or exchange any Note selected for redemption, except the unredeemed part thereof if
the Note is redeemed in part, or transfer or exchange any Notes for a period of 15 days before a selection of Notes to be redeemed. 
 8. Persons Deemed Owners. The registered Holder of this Note shall be treated as the owner of it for all purposes. 
 9. Unclaimed Money. If money for the payment of principal or interest remains unclaimed for two years, the Trustee or Paying Agent will pay the money back to the Company at its request. After that,
Holders entitled to the money must look to the Company for payment unless an abandoned property law designates another person. 

10. Amendment, Supplement, Waiver. Subject to certain exceptions, the Indenture or the Notes may be amended or supplemented with
the consent of the Holders of at least a majority in principal amount of the outstanding Notes, and any past default or compliance with any provision relating to the Notes may be waived in a particular instance with the consent of the Holders of a
majority in principal amount of the outstanding Notes. Without the consent of any Holder, the Company and the Trustee may amend or supplement the Indenture or the Notes to, among other things, cure any ambiguity, defect or inconsistency, to provide
for uncertificated Notes in addition to or in place of certificated Notes, or to make any other change that does not adversely affect the rights of any Holder. 
 11. Defaults and Remedies. The following are Events of Default: (i) failure by the Company to pay the principal of any Note when due; (ii) failure by the Company to pay any interest on
any Note when due, continuing for 30 days; (iii) failure by the Company to comply with its other agreements or covenants in the Notes or the Indenture for the benefit of the Holders of the Notes upon the receipt by the Company of notice of such
Default by the Trustee, or upon the receipt by the Company and the Trustee of notice of such Default by the Holders of at least 25% in aggregate principal amount of the Notes, and (except in the case of a Default with respect to certain covenants
described in the Indenture) the Company’s failure to cure such Default within 60 days after receipt of such notice; (iv) certain events of bankruptcy or insolvency; (v) default under any mortgage, indenture (including the Original
Indenture and the supplemental indentures thereto in respect of the terms of the Other Public Notes) or instrument under which is issued or which secures or evidences Indebtedness of the Company or any Restricted Subsidiary (other than the Notes and
Non-Recourse Indebtedness) which default constitutes a failure to pay principal of such Indebtedness in an amount of $25,000,000 or more when due and payable (other than as a result of acceleration) or results in Indebtedness (other than the Notes
and Non-Recourse Indebtedness) in the aggregate of $25,000,000 or more becoming or being declared due and payable before it would otherwise become due and payable; (vi) entry of a final judgment for the payment of money against the Company or
any Restricted Subsidiary in an amount of $5,000,000 or more which remains undischarged or unstayed for a period of 60 days after the date on which the right to appeal such judgment has expired or becomes subject to an enforcement proceeding; and
(vii) except as permitted by the Indenture, any 

  
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Guarantee shall be held in any judicial proceeding to be unenforceable or invalid or shall cease for any reason to be in full force and effect or any Guarantor, or any Person acting on behalf of
any Guarantor, shall deny or disaffirm its obligations under its Guarantee. 
 In case an Event of Default (other than arising
out of certain events of bankruptcy or insolvency) occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of the Notes at the time outstanding, by notice in writing to the Company (and to the Trustee if
given by the Holders), may declare to be due and payable immediately that portion of the principal amount of the Notes at the time outstanding and accrued and unpaid interest, if any, to the date of acceleration and upon such declaration the same
shall become and be immediately due and payable. In case an Event of Default arising out of certain events of bankruptcy or insolvency occurs and is continuing, the outstanding principal of and accrued and unpaid interest, if any, on the Notes shall
become and be immediately due and payable without any declaration or other act on the part of the Trustee or any of the Holders. 
 Such declaration or acceleration and its consequences may be rescinded by Holders of a majority in aggregate principal amount of Notes at the time outstanding if all existing Events of Default have been
cured or waived (except non-payment of principal that has become due solely because of the acceleration) and if the rescission would not conflict with any judgment or decree. 
 An existing Default (other than a Default in payment of principal of or interest on the Notes or Default with respect to a provision which cannot be modified under the terms of the Indenture without the
consent of each Holder affected) may be waived by the Holders of a majority in aggregate principal amount of Notes at the time outstanding upon the conditions provided in the Indenture. 

12. Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Notes and the
Indenture, the predecessor corporation will be released from those obligations. 
 13. No Recourse Against Others. A
director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company under the Notes or the Indenture or for any claim based on, in respect of or by reason of, such obligations or their
creation. Each Holder, by accepting a Note, waives and releases all such liability. The waiver and release are part of the consideration for the issue of the Notes. 
 14. Trustee Dealings With Company. The Bank of New York Mellon Trust Company, N.A., the Trustee under the Indenture, in its individual or any other capacity, may make loans to, accept deposits
from, and perform services for the Company or its affiliates, and may otherwise deal with the Company or its affiliates, as if it were not Trustee. 

  
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 15. Discharge of Indenture. The Indenture contains certain provisions pertaining to
defeasance and discharge, which provisions shall for all purposes have the same effect as if set forth herein. 
 16.
Authentication. This Note shall not be valid until the Trustee signs the certificate of authentication on the other side of this Note. 
 17. Abbreviations. Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants
with right of survivorship and not as tenants in common), CUST (= custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

18. Governing Law. The laws of the State of New York shall govern the Indenture and the Notes. 

  
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 ASSIGNMENT FORM 
 If you the Holder want to assign this Note, fill in the form below: 
 I or we assign and transfer
this Note to: 
 (Print or type assignee’s name, address, and zip code) 

(Insert assignee’s social security or tax ID number) 
 and irrevocably appoint                            
                                         
                                         
                           , agent to transfer this Note on the books of the Company. The agent may substitute
another to act for him. 
 Date: 

Your signature: 
  

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

  
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 [TO BE ATTACHED TO GLOBAL NOTES] 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 
 The initial principal amount of this Global Note is $[        ]. The following increases or decreases in this Global Note have been made: 

 

									
	 Date of

Exchange
	 	 Amount of decrease
 in Principal amount
 of this Global Note
	 	 Amount of increase
 in Principal amount
 of this Global Note
	 	 Principal amount of
 this Global Note
 following such

decrease or increase
	 	 Signature of
 authorized officer of
 Trustee

		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

  
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 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company check the Box:   ̈ 

If you want to elect to have only a part of this Note purchased by the Company state the amount: $        

 Date: 
  

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

  
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