Document:

Second Amended & Restated Phantom Stock Plan

 Exhibit 10.22 
 Chaparral Energy, L.L.C. 
 SECOND AMENDED &
RESTATED PHANTOM STOCK PLAN 
 December 31, 2008 
  

	1.	Purpose 

 Chaparral
Energy, L.L.C. (“Chaparral Energy”) is an operating subsidiary of Chaparral Energy, Inc. (“CEI”), a Delaware corporation, successor by merger to Chaparral, L.L.C., an Oklahoma limited liability company. The purpose of the
Chaparral Energy Phantom Stock Plan (the “Plan”) is to provide deferred compensation to certain key employees (the “Participants”) of Chaparral Energy. Such deferred compensation will be based upon the award of Phantom Stock to
the Participants. The value of the Phantom Stock will be based on the Fair Market Value (“FMV”) of CEI and its subsidiary entities (collectively the “Company”). 
 After the applicable vesting period, unless vested earlier as provided in the Plan, the Participant will receive the value of the Phantom
Stock as of the Vesting Date (hereinafter defined), adjusted for the change in value of the Stock from the Award Date to the Vesting Date. The Plan is intended to benefit the Company by creating increased incentives for, and aiding in the retention
of, the Participants who will be largely responsible for the growth and profitability of the Company. Participants performing exceptional service for Chaparral Energy may receive multiple awards of Phantom Stock. This “Second Amended &
Restated Phantom Stock Plan” supersedes the prior Plan, and is intended to comply with recent changes in the Internal Revenue Code of 1986 as amended (the “Code”), under Code Section 409A. For the purposes of the Plan, Phantom
Units (under the Plan dated January 1, 2004) are synonymous with and represent equivalent value to Phantom Stock (under this Plan dated January 1, 2008). 
  

	2.	Administration 

 The Plan
shall be administered by the Plan Committee (the “Committee”) of Chaparral Energy. This Committee will be comprised of three individuals: 1) the Chief Executive Officer (“CEO”) of CEI or his appointed representative, 2) an
officer of CEI as appointed by the CEO of CEI, and 3) a representative of the Human Resources Department of Chaparral Energy as appointed by the CEO of CEI. 
 Subject to the provisions of the Plan and the approval of the Board of Directors of CEI (the “Board”), the Committee shall have exclusive power to select the Participants to be awarded Phantom
Stock, to determine the number of shares of Phantom Stock to be awarded to each Participant selected, and to determine the time or times when Phantom Stock will be awarded. Only persons employed on a salaried, full-time (working 32 hours per week or
more) basis will be eligible to become Participants. No Participant may be granted, in the aggregate, more than five percent (5%) of the maximum number of shares of Phantom Stock available for award, as described in Section 3, under the
Plan. 
 The Committee shall have authority, subject to the final approval of the Board, to implement and interpret the Plan, to
adopt and revise rules and regulations relating to the Plan, to determine the conditions subject to which any awards may be made or payable, and to make any other determinations which it believes necessary or advisable for the administration of the
Plan. Determinations by the Committee shall be made by majority vote and thereupon, shall be final and binding on all parties (including the Company, Participants, other employees, etc.) with respect to all matters relating to the Plan.
Certifications under the Plan shall be consummated by the signatures of two Committee members. 
  

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	3.	Maximum Awards 

 Phantom
Stock may be awarded at the discretion of the Committee up to an aggregate maximum valuation of all outstanding Phantom Stock of two percent (2%) of the FMV of the Company (as defined in Section 8 of this Plan). Phantom Stock may not be
awarded anytime the aggregate maximum valuation percentage has been reached or exceeded. Subject to this aggregate maximum, if any Phantom Stock awarded under the Plan is paid, forfeited or cancelled, such Phantom Stock may again be awarded under
the Plan. Phantom Stock may be awarded only with Award Dates of January 1 and July 1 of any year, with the earliest Award Date being January 1, 2004. “Award Date” is defined as the date that the Plan takes effect with regard
to individual Phantom Stock awards. 
  

	4.	Phantom Stock Accounts 

 Phantom Stock awarded to a Participant shall be credited to a Phantom Stock Account (the “Account”) established and maintained for such Participant. The Account of each Participant shall be the record of Phantom Stock awarded to
the Participant under the Plan and any adjustments which are made pursuant to Section 9 of this Plan. The Account is solely for accounting purposes; no segregation of Company assets in support of the Plan will be made or required. Each share of
Phantom Stock shall be valued, in the manner provided in Section 8, as of the Award Date thereof and thereafter as required for reporting or redemption purposes. 
 Beginning January 1, 2005, each award of Phantom Stock under the Plan, and its value as of the Award Date, shall be
communicated by the Committee in writing to the Participant within 120 days after the Award Date. Further, the Committee will notify each Participant of the value of his or her individual Account as of December 31st of each year. This notification will be made by April 30 of the
following year, or within 30 days after the Company’s receipt of its audited year-end financial statements, whichever is the later. 
  

	5.	Vesting and Payment of Phantom Stock 

 “Vesting Date” is defined as the date on which a Participant becomes entitled to payment of a benefit under this Plan, pursuant to which the vested portion of the Phantom Stock within his or her
Account shall become payable to such Participant, subject to the provisions of the Plan. “Vesting Period” is defined as the time period between the Award Date and the Vesting Date. Awarded and outstanding Phantom Stock will vest and be
paid according to the following schedule: 
 (a) Unless vesting occurs earlier under this Section 5, Phantom Stock awarded
to a Participant shall vest on the fifth anniversary of the Award Date and shall be paid in a lump sum within the 120-day period immediately following the Vesting Date. 
 (b) Notwithstanding Section 5(a) above, Phantom Stock shall vest on a pro-rata basis in the event of the Participant’s termination of employment with Chaparral Energy due to death, disability,
retirement, or termination by Chaparral Energy without cause. Payment of the pro-rata vested portion of the Participant’s Phantom Stock shall be made in a lump sum within the 90-day period following the Participant’s termination of
employment if the Company is a private entity (i.e. prior to ownership in CEI being traded on a public securities exchange), or immediately upon termination of employment if the Company is a public entity (i.e. ownership in CEI is traded on a public
securities exchange). Pro-rata calculation will be accomplished by dividing the number of years elapsed from the Award Date to the date of vesting (to a maximum of five years) by five, and then multiplying the number of shares of Phantom Stock in
the award by the result. For example, if 100 shares of Phantom Stock were awarded two and one-half years prior to the Vesting Date caused by a termination event under this Section 5(b), 50 shares of Phantom Stock (2.5 years divided by 5 years
times 100 shares) will vest on the Vesting

  

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Date. Phantom Stock which does not vest hereunder will be forfeited to Chaparral Energy, and the Participant shall have no further rights with regard to the forfeited Stock. Further, a
Participant will be considered disabled if, in the sole determination of the Committee, such Participant is subject to a physical or mental condition which renders or is expected to render the Participant unable to perform his or her usual duties
for Chaparral Energy. A Participant will be considered retired if the Participant’s full-time employment with Chaparral Energy terminates at or after the date the Participant attains the age of 65 years. 
 (c) Notwithstanding Section 5(a) and 5(b) above, if CEI undergoes a “Change of Control” event whereby there is the occurrence
of any one of the following: 
 (i) the consummation of any transaction (including without limitation, any merger, consolidation,
tender offer, or exchange offer) the result of which is that any individual or person (as such term is used in the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder (the “1934 Act”), other
than an underwriter temporarily holding securities pursuant to an offering of such securities, becomes the beneficial owner (as such term is used in the 1934 Act), directly or indirectly, of securities of CEI representing more than 50% of the
combined voting power of CEI’s then outstanding securities; or 
 (ii) the sale, lease, transfer, conveyance or other
disposition (including by merger or consolidation) in one or a series of related transactions, of more than 50% of the total fair market value of all of the assets of CEI to an unrelated person; or 
 (iii) the adoption of a plan relating to the liquidation or dissolution of CEI, 
 then a “Section 5(c) Event” will be deemed to have occurred and all unvested Phantom Stock within each Participant’s Account
will vest and will be paid in a lump sum as of such date; provided that such “Section 5(c) Event” is a change of control as defined under Code Section 409A and the accompanying regulations. 
 (d) Notwithstanding Sections 5(a), 5(b), and 5(c) above, to the extent that such action would not violate the requirements of Code
Section 409A, the Board may, at any time and from time to time, cause the immediate vesting of any or all unvested Phantom Stock awarded under the Plan (a “Section 5(d) Event”) and pay such amounts in a lump sum within 90 days of such
“Section 5(d) Event”. 
  

	6.	Medium of Payment of Phantom Stock/6 Month Delay 

 Payment to a Participant of the value of the vested portion of the Participant’s Phantom Stock shall be made in cash or, if the Company is a public entity at the Vesting Date and if approved by the
Board, fifty percent (50%) in cash and fifty percent (50%) in an equivalent value of Common Stock in CEI. A Participant will not be entitled to receive any earnings or interest on the value of his Phantom Stock with respect to the period
between the Vesting Date and the receipt of payment under the Plan. 
 Without limiting the scope of the preceding provisions of
this Section 6, to the extent that at any time prescribed under Code Section 409A and regulations or other regulatory guidance issued thereunder, the Participant is a key employee, as defined in Code Section 416(i) without regard to
paragraph 5 thereof, except to the extent permitted under Code Section 409A and regulations or other regulatory guidance issued thereunder, no distribution or payment that is subject to Code Section 409A shall be made under this Plan on
account of the Participant’s separation from service, as defined in Code Section 409A and the regulation s or other regulatory guidance issued thereunder, with the Company (at any time when the Participant is deemed

  

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under Code Section 409A and regulations or other regulatory guidance issued thereunder, and any stock of the Company is publicly traded on an established securities market or otherwise)
before the date that is the first day of the month that occurs six months after the date of the Participant’s separation from service (of, if earlier, the date of death of the Participant or any other date permitted under Code Section 409A
and regulations or other regulatory guidance issued thereunder). 
  

	7.	Forfeiture of Unvested Phantom Stock 

 All rights to unvested Phantom Stock held hereunder by a Participant will be discontinued and forfeited to Chaparral Energy, and there will be no further obligation of Chaparral Energy to such
Participant, if any of the following circumstances occur: 
  

	 	(i)	The Participant is discharged from employment with Chaparral Energy for cause, or 

  

	 	(ii)	The Participant performs acts of willful malfeasance or gross negligence in a matter of material importance to the Company, or 

  

	 	(iii)	The Participant voluntarily resigns from employment with Chaparral Energy, or 

  

	 	(iv)	The Participant’s employment with Chaparral Energy becomes less than full-time and is expected to remain less than full-time for a substantial period of time, or

  

	 	(v)	The Participant requests in writing that his or her Phantom Stock be canceled. 

 The Committee shall have sole discretion with respect to the application of the provisions of this Section 7, and such exercise of
discretion shall be conclusive and binding upon the Participant, and all other persons, provided that such discretion does not violate Code Section 409A. 
  

	8.	Valuation of Phantom Stock 

 For the purpose of issuance, notification, and payment of Phantom Stock, the FMV of the Company as a private entity will be determined as of: 
 (a) For purposes of payment under Section 5(a), in the case of an Award Date of January 1, FMV is determined as of the December 31st which immediately precedes such Vesting Date. 
 (b) For purposes of payment under Section 5(a), in the case of an Award Date of July 1, FMV is determined as of
the June 30th which immediately precedes such Vesting
Date. 
 (c) For purposes of payment under Section 5(b), FMV is determined as of the most recent
December 31st or June 30th which immediately precedes the Participant’s termination of
employment, 
 (d) For purposes of payment under a Section 5(c) and/or Section 5(d) Event, the valuation of the Company
will be determined as of the date of the occurrence of the event. 
 The value of one share of Phantom Stock will be equivalent
to the value of 1.754% (0.01754) of one share of Common Stock in CEI (which means one share of Common Stock in CEI is equivalent in value to 57.0125 shares of Phantom Stock). This conversion number is derived by dividing the 877,000 shares of
outstanding Common Stock of CEI as of January 1, 2007, by the 50,000,000 Membership Units of the former Chaparral, L.L.C. The value of one share of Common Stock is defined as the FMV of the Company divided by the total number of outstanding
shares of Common Stock of CEI. 
  

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 The FMV of the Company will be equivalent to its calculated equity as determined by the
adjusted book value approach. This approach defines equity as the Company’s total asset value less its total liabilities, with both assets and liabilities being adjusted to FMV. The calendar year-end audited financial statements of the Company
will serve as the basis for the adjusted balance sheet for the valuation period ending December 31 in any year, and the second quarter financial statements of the Company as filed with U.S. Securities and Exchange Commission (the
“SEC”), the Company’s Form 10-Q, or if the Company is not subject to the filing requirements of the 1934 Act, then its internal financial statements as prepared in accordance with generally accepted accounting principles consistent
with the most recent audited financial statements of the Company and after review by the Company’s independent auditor will serve as the basis for the adjusted balance sheet for the valuation period ending June 30 in any year. 

It is anticipated that the primary adjustment required to the assets will be adjusting the value of the proved oil and gas properties, as
shown on the financial statements, to their FMV. The FMV of the oil and gas properties will be based on internal reserve reports at Nymex forward pricing with cash flows discounted at 10% (“Pv10”). The Pv10 valuation of individual report
categories will be further discounted by the following percentages: PDP – 0%, PDNP – 30%, PUD:DR (Drilling) – 50%, PUD:WF (Water flood) – 50%, and PUD:CO2 – 50%. The sum of the various reserve report discounted values will
then represent the FMV of the oil and gas properties. 
 From time to time, other adjustments to asset values may be required.
These adjustments will be listed separately with sufficient detail to support the adjustment. With regard to liabilities, and for purposes of the Plan, Phantom Stock, Preferred Stock, and any securities having similar features will be considered to
be a liability. Adjustments as approved by the Committee will be final. 
  

	9.	Changes in Capital and Company Structure 

 In the event of any change in the value of individual outstanding shares of Common Stock of CEI by reason of an issuance of additional shares of Common Stock, dividends, recapitalization,
reclassification, reorganization, or similar transaction, the Committee shall proportionately adjust, as necessary and in an equitable manner, the number and/or value of shares of Phantom Stock held by Participants under the Plan in order to
maintain the fair value of each Participant’s Account. 
 The existence of Phantom Stock shall not affect in any way the
right or power of the Company or its stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company’s capital structure or its business; any merger or consolidation of the Company;
any issue of bonds, debentures, preferred or prior preference stock ahead of or affecting the Phantom Stock or the rights thereof; the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business,
or any other corporate act or proceeding, whether of a similar character or otherwise. 
  

	10.	Issuance and Non-transferability 

 Phantom Stock may be evidenced in such a manner as the Committee shall deem appropriate. Any certificates representing the Phantom Stock awarded hereunder shall be issued in the name of the Participant pursuant to the terms of the Plan as
of the Award Date. Phantom Stock awarded under the Plan, and any rights and privileges pertaining thereto, may not be transferred, assigned, pledged or hypothecated in any manner, by operation of law or otherwise, other than by the written
designation of a Designated Beneficiary, and shall not be subject to execution, attachment or similar process. 
  

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	11.	Payments on Death of Participant 

 In the event of Participant’s death, payments due under the Plan shall be made to the Designated Beneficiary as designated in writing by the Participant. If a properly executed Designated Beneficiary form is not in existence on the
death of a Participant, or if the Designated Beneficiary has predeceased the Participant or is not in existence, then the amount due the deceased Participant shall be paid to the Personal Representative of the deceased Participant’s estate.

  

	12.	Taxes 

 Chaparral Energy
shall have the right to deduct from all amounts paid in cash pursuant to the Plan any taxes or other deductions required by law to be withheld with respect to such awards. In the case of amounts paid in Common Stock of CEI, the Participant shall be
required to pay to Chaparral Energy the amount of any taxes which Chaparral Energy is required to withhold with respect to such Common Stock. 
 The Company makes no commitment or guarantee to Participant that any federal or state tax treatment will apply or be available to any person eligible for benefits under this Award. 
  

	13.	Voting and Distribution Rights 

 Participants shall not be entitled to any voting rights, dividends, or any other rights or privileges associated with ownership of Common Stock in CEI. 
  

	14.	General Provisions 

 (a)
No employee or other person shall have any claim or right to a Phantom Stock award under the Plan. The awarding of Phantom Stock is at the sole discretion of the Committee, as approved by the Board. Neither the Plan nor any action taken hereunder
shall be construed as giving any employee any right to be retained in the employ of Chaparral Energy. 
 (b) The Plan shall at
all times be entirely unfunded and no provision shall at any time be made with respect to segregating assets of the Company for payment of any benefits hereunder. No Participant or other person shall have any interest in any particular assets of the
Company by reason of the right to receive a benefit under the Plan and any such Participant or other person shall have only the rights of a general unsecured creditor of the Company with respect to any rights under the Plan. 
 (c) Participant acknowledges and agrees that he will enter into such written representations, warranties and agreements and execute such
documents as the Company may reasonably request in order to comply with the securities law or any other applicable laws, rules or regulations, or with this document or the terms of the Plan. 
 (d) Except when otherwise required by the context, any masculine terminology in this document shall include the feminine, and any singular
terminology shall include the plural. 
 (e) In the event that any provision of this Plan shall be held illegal, invalid, or
unenforceable for any reason, such provision shall be fully severable and shall not affect the remaining provisions of this Plan, and the Plan shall be construed and enforced as if the illegal, invalid, or unenforceable provision had never been
included herein. 
 (f) The Plan is intended to qualify as a “bonus program” that is not a “plan” covered by
ERISA because the Plan provides for payment of benefits to Participants as bonuses for work performed and does not systematically defer payment of benefits to the termination of covered employment or beyond or so as to provide retirement income to
Participants. 
  

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 (g) The Plan shall be construed in accordance with the laws of the State of Delaware to the
extent that federal law does not supersede and preempt Delaware law. 
  

	15.	Amendment of the Plan 

 The Committee, with the approval of the Board, may alter, amend, or cancel the Plan at any time or from time to time. However, any alterations or amendments to the Plan must be consistent with the spirit of the Plan, and may not
retroactively reduce the total value of the Phantom Stock in a Participant’s Account without the written consent of the affected Participant. 
  

	16.	Effectiveness and Term of Plan 

 The effective date of the Second Amended and Restated Plan shall be December 31, 2008. Unless sooner amended by the Committee, no Phantom Stock shall be granted pursuant to the Plan after January 1, 2014. 
  

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 Approved this 31st day of December, 2008, by the Board of Directors of CEI: 
  

	
	 /s/ Mark A. Fischer

	Mark A. Fischer, Chairman
	
	 /s/ Charles A. Fischer

	Charles A. Fischer, Director
	
	 /s/ Joseph O. Evans

	Joseph O. Evans, Director

  

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 Chaparral Energy, L.L.C. 
 Phantom Stock Plan 
 Acceptance by Participant 

 The undersigned is a Participant under the Second Amended and Restated Phantom Stock Plan dated December 31, 2008, and
hereby acknowledges that Participant has read the Plan, understands the Plan and accepts the terms and conditions of the Plan. The Plan is not a guarantee of continued employment nor is there any guarantee of future Awards or earnings on any Awards
made. 
 Participant hereby acknowledges that this Plan, including its contents and his or her level of participation in the
Plan, is to be kept strictly confidential. Information regarding the Plan shall not be disclosed by the Participant to other parties except to family members, the beneficiary, or professional consultants for the purpose of investment, tax, and
estate planning purposes, or as may be required by judicial order or decree. Violation of this provision may result in disciplinary action up to and including forfeiture of unvested Phantom Stock (as allowed for in Section 7 of the Plan) or
termination of employment with cause. 
 In the event of Participant’s death during the term of this Plan, the Designated
Beneficiary (pursuant to Section 11 of the Plan) is hereby designated by the Participant to be: 
  

					
	Beneficiary Name: 	 	______________________________	  	
			
		 	______________________________	  	
			
		 	______________________________	  	
	
	Beneficiary Address: ___________________________________
	
	Beneficiary City, State: _________________________________

 Executed this ____ day of _________, 20___, by: 
 Participant Name: _________________________________ 
 Participant Signature: ______________________________ 
 Witness: ________________________________________ 
 Witness: ________________________________________ 
  

 9Supplemental Indenture to the Senior Notes Indenture

 Exhibit 4.1 
 SUPPLEMENTAL INDENTURE NO. 12 
 (SENIOR FIXED RATE
NOTES) 
 Supplemental Indenture No. 12 (this “Supplemental Indenture”), dated as of
September 14, 2009, among the new guarantor on the signature page hereto (the “Guaranteeing Subsidiary”), a subsidiary of Realogy Corporation, a Delaware corporation (the “Issuer”), and The Bank of New
York Mellon (formerly known as The Bank of New York), as trustee (the “Trustee”). 
 W I T N E S S E T H

 WHEREAS, each of the Issuer and the Note Guarantors (as defined in the Indenture referred to below) has heretofore executed
and delivered to the Trustee an indenture (the “Indenture”), dated as of April 10, 2007, providing for the issuance of an unlimited aggregate principal amount of 10.50% Senior Notes due 2014 (the “Notes”);

 WHEREAS, Section 4.15 of the Indenture provides that under certain circumstances the Issuer is required to cause the
Guaranteeing Subsidiary to execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Issuer’s Obligations under the Notes and the Indenture on the terms
and conditions set forth herein and under the Indenture (the “Guarantee”); and 
 WHEREAS, pursuant to
Section 9.01 of the Indenture, the Guaranteeing Subsidiary and the Trustee are authorized to execute and deliver this Supplemental Indenture. 
 NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and
ratable benefit of the Holders of the Notes as follows: 
 (1) Capitalized Terms. Capitalized terms used herein without
definition shall have the meanings assigned to them in the Indenture. 
 (2) Agreement to Guarantee. The Guaranteeing
Subsidiary hereby agrees as follows: 
 (a) Along with all Note Guarantors named in the Indenture, to jointly and
severally unconditionally guarantee to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of the Indenture, the Notes or the obligations
of the Issuer hereunder or thereunder, that: 
 (i) the principal of and interest, premium and Additional
Interest, if any, on the Notes will be promptly paid in full when due, whether at Stated Maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of and interest on the Notes, if any, if lawful, and all other
Obligations of the Issuer to the Holders or the Trustee hereunder or thereunder whether for payment of principal of, premium, if any, or interest on the Notes and all other monetary obligations of the Issuer under the Indenture and the Notes 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 any of such other obligations, that same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by
acceleration or otherwise. Failing payment when due of any amount so

  

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guaranteed or any performance so guaranteed for whatever reason, the Note Guarantors and the Guaranteeing Subsidiary shall be jointly and severally obligated to pay the same immediately. This is
a guarantee of payment and not a guarantee of collection. 
 (b) The obligations hereunder shall be
unconditional, irrespective of the validity, regularity or enforceability of the Notes, the Indenture or any other Note Guarantee, 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 Issuer, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. 
 (c) The following is hereby waived: diligence, presentment, demand of payment, filing of claims with a court in the event of
insolvency or bankruptcy of either of the Issuer, any right to require a proceeding first against the Issuer, protest, notice and all demands whatsoever. 
 (d) This Note Guarantee shall not be discharged except by complete performance of the obligations contained in the Notes, the Indenture and this Supplemental Indenture, and the Guaranteeing Subsidiary
accepts all obligations of a Note Guarantor under the Indenture. 
 (e) If any Holder or the Trustee is required
by any court or otherwise to return to the Issuer, the Note Guarantors (including the Guaranteeing Subsidiary), or any custodian, trustee, liquidator or other similar official acting in relation to either the Issuer or the Note Guarantors, any
amount paid either to the Trustee or such Holder, this Note Guarantee, to the extent theretofore discharged, shall be reinstated in full force and effect. 
 (f) The Guaranteeing Subsidiary shall not be entitled to any right of subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations
guaranteed hereby. 
 (g) As between the Guaranteeing Subsidiary, 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 Article 6 of the Indenture for the purposes of this Note 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 declaration of acceleration of such obligations as provided in Article 6 of the Indenture, such obligations (whether or
not due and payable) shall forthwith become due and payable by the Guaranteeing Subsidiary for the purpose of this Note Guarantee. 
 (h) The Guaranteeing Subsidiary shall have the right to seek contribution from any non-paying Note Guarantor so long as the exercise of such right does not impair the rights of the Holders under this Note
Guarantee. 
 (i) Pursuant to Section 10.02 of the Indenture, after giving effect to all other contingent
and fixed liabilities that are relevant under any applicable Bankruptcy Law or fraudulent conveyance laws, and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Note
Guarantor in respect of the obligations of such other Note Guarantor under Article 10 of the Indenture, this new Note Guarantee shall be limited to the maximum amount permissible such that the obligations of such Guaranteeing Subsidiary under this
Note Guarantee will not constitute a fraudulent transfer or conveyance. 
  

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 (j) This Note Guarantee shall remain in full force and effect and continue
to be effective should any petition be filed by or against the Issuer or any Note Guarantor for liquidation, reorganization, should the Issuer or Note Guarantor become insolvent or make an assignment for the benefit of creditors or should a receiver
or trustee be appointed for all or any significant part of the Issuer’s or any Note Guarantor’s assets, and shall, to the fullest extent permitted by law, continue to be effective or be reinstated, as the case may be, if at any time
payment and performance of the Notes are, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee on the Notes or Note Guarantees, whether as a “voidable preference,”
“fraudulent transfer” or otherwise, all as though such payment or performance had not been made. In the event that any payment or any part thereof, is rescinded, reduced, restored or returned, the Notes shall, to the fullest extent
permitted by law, be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned. 
 (k) In case any provision of this Note 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. 
 (l) This Note Guarantee shall be a general unsecured senior obligation of the Guaranteeing
Subsidiary, ranking pari passu with all existing and future Senior Pari Passu Indebtedness of the Guaranteeing Subsidiary, if any. 
 (m) Each payment to be made by the Guaranteeing Subsidiary in respect of this Note Guarantee shall be made without set-off, counterclaim, reduction or diminution of any kind or nature. 
 (3) Execution and Delivery. The Guaranteeing Subsidiary agrees that its Note Guarantee shall remain in full force and effect
notwithstanding the absence of the endorsement of any notation of such Note Guarantee on the Notes. 
 (4) Merger,
Consolidation or Sale of All or Substantially All Assets. 
 (a) Except as otherwise provided in Section 5.01(b) of the
Indenture, the Guaranteeing Subsidiary may not, and the Issuer will not permit the Guaranteeing Subsidiary to, consolidate, amalgamate or merge with or into or wind up into (whether or not the Guaranteeing Subsidiary is the surviving corporation),
or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties or assets in one or more related transactions to, any Person unless: 
 (1) either (a) such Guaranteeing Subsidiary is the surviving Person or the Person formed by or surviving any such
consolidation, amalgamation or merger (if other than the Guaranteeing Subsidiary) or to which such sale, assignment, transfer, lease, conveyance or other disposition will have been made is a corporation, partnership or limited liability company
organized or existing under the laws of the United States, any state thereof, the District of Columbia, or any territory thereof (the Guaranteeing Subsidiary or such Person, as the case may be, being herein called the “Successor Note
Guarantor”) and the Successor Note Guarantor (if other than the Guaranteeing Subsidiary) expressly assumes all the obligations of the Guaranteeing Subsidiary under this Indenture and the Guaranteeing Subsidiary’s applicable Note
Guarantee pursuant to a supplemental indenture or other documents or instruments in form reasonably satisfactory to the Trustee, or (b) such sale or disposition or consolidation, amalgamation or merger is not in violation of Section 4.10
of the Indenture; 
  

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 (2) the Successor Note Guarantor (if other than the Guaranteeing Subsidiary)
shall have delivered or caused to be delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation, amalgamation, merger or transfer and such supplemental indenture (if any) comply with the
Indenture; and 
 (3) immediately after such transaction, no Default or Event of Default exists. 
 (b) Except as otherwise provided in the Indenture, the Successor Note Guarantor (if other than the Guaranteeing Subsidiary) will succeed to,
and be substituted for, the Guaranteeing Subsidiary under the Indenture and the Guaranteeing Subsidiary’s applicable Note Guarantee, and the Guaranteeing Subsidiary will automatically be released and discharged from its obligations under the
Indenture and the Guaranteeing Subsidiary’s applicable Note Guarantee, but in the case of a lease of all or substantially all of its assets, the Guaranteeing Subsidiary will not be released from its obligations under the Note Guarantee.
Notwithstanding the foregoing, (1) a Guaranteeing Subsidiary may merge, amalgamate or consolidate with an Affiliate incorporated solely for the purpose of reincorporating the Guaranteeing Subsidiary in another state of the United States, the
District of Columbia or any territory of the United States so long as the amount of Indebtedness, Preferred Stock and Disqualified Stock of the Guaranteeing Subsidiary is not increased thereby and (2) a Guaranteeing Subsidiary may merge,
amalgamate or consolidate with another Guaranteeing Subsidiary or the Issuer. 
 (c) In addition, notwithstanding the foregoing,
the Guaranteeing Subsidiary may consolidate, amalgamate or merge with or into or wind up into, or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties or assets (collectively, a
“Transfer”) to (x) the Issuer or any Note Guarantor or (y) any Restricted Subsidiary that is not a Note Guarantor; provided that at the time of each such Transfer pursuant to clause (y) the aggregate amount of
all such Transfers since the Issue Date shall not exceed the greater of $625.0 million and 5.0% of Total Assets after giving effect to each such Transfer and including all Transfers of the Guaranteeing Subsidiary and the Note Guarantors occurring
from and after the Issue Date (excluding Transfers in connection with the Transactions). 
 (5) Releases. 
 The Note Guarantee of the Guaranteeing Subsidiary shall be automatically and unconditionally released and discharged, and no further action
by the Guaranteeing Subsidiary, the Issuer or the Trustee is required for the release of the Guaranteeing Subsidiary’s Guarantee, upon: 
 (1) (a) the sale, disposition or other transfer (including through merger or consolidation) of the Capital Stock (including any sale, disposition or other transfer following which the Guaranteeing
Subsidiary is no longer a Restricted Subsidiary), of the Guaranteeing Subsidiary if such sale, disposition or other transfer is made in compliance with the applicable provisions of the Indenture; 
 (b) the Issuer designating the Guaranteeing Subsidiary to be an Unrestricted Subsidiary in accordance with the provisions set forth under
4.07 of the Indenture and the definition of “Unrestricted Subsidiary”; 
 (c) the release or discharge of such
Restricted Subsidiary from (x) its guarantee of Indebtedness under the Credit Agreement (including by reason of the termination of the Credit Agreement) and/or (y) the guarantee of Indebtedness of the Issuer or any Restricted Subsidiary of
the Issuer or such Restricted Subsidiary or the repayment of the Indebtedness or Disqualified Stock (except in each case a discharge or release by or as a result of payment under such guarantee) that resulted in the obligation to guarantee the
Notes, in the case of each of clauses (x) and (y) if the Guaranteeing Subsidiary would not then otherwise be required to guarantee the Notes pursuant to this Indenture; provided, that if such Person has incurred any
Indebtedness or issued any Disqualified Stock in reliance on its status as a

  

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Note Guarantor under Section 4.09 of the Indenture, the Guaranteeing Subsidiary’s obligations under such Indebtedness or Disqualified Stock, as the case may be, so Incurred are
satisfied in full and discharged or are otherwise permitted to be Incurred under Section 4.09 of the Indenture; or 
 (d)
the Issuer exercising its Legal Defeasance option or Covenant Defeasance option in accordance with Article 8 of the Indenture or the Issuer’s obligations under the Indenture being discharged in accordance with the terms of the Indenture; and

 (2) in the case of clause (1)(a) above, the release of the Guaranteeing Subsidiary from its guarantee, if any, of, and
all pledges and security, if any, granted in connection with, the Credit Agreement and any other Indebtedness of the Issuer or any Restricted Subsidiary. 
 In addition, a Note Guarantee will also be automatically released upon the Guaranteeing Subsidiary ceasing to be a Subsidiary as a result of any foreclosure of any pledge or security interest securing
Bank Indebtedness or other exercise of remedies in respect thereof. 
 (6) No Recourse Against Others. No director,
officer, employee, incorporator or holder of any Equity Interests of the Guaranteeing Subsidiary or any direct or indirect parent (other than the Guaranteeing Subsidiary) shall have any liability for any obligations of the Issuer or the Note
Guarantors (including the Guaranteeing Subsidiary) under the Notes, the Note Guarantees, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by
accepting Notes waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 
 (7) Governing Law. THIS SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 (8) Counterparts/Originals. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an
original, but all of them together represent the same agreement. 
 (9) Effect of Headings. The Section headings herein
are for convenience only and shall not affect the construction hereof. 
 (10) The Trustee. The Trustee shall not be
responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary.

 (11) Subrogation. The Guaranteeing Subsidiary shall be subrogated to all rights of Holders of Notes against the Issuer
in respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the provisions of Section 2 hereof and Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, the Guaranteeing
Subsidiary shall not be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

 (12) Benefits Acknowledged. The Guaranteeing Subsidiary’s Guarantee is subject to the terms and conditions set
forth in the Indenture. The Guaranteeing Subsidiary acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and this Supplemental Indenture and that the guarantee and waivers made
by it pursuant to this Note Guarantee are knowingly made in contemplation of such benefits. 
  

 5 

 (13) Successors. All agreements of the Guaranteeing Subsidiary in this Supplemental
Indenture shall bind its successors, except as otherwise provided in Section 2(k) hereof or elsewhere in this Supplemental Indenture. All agreements of the Trustee in this Supplemental Indenture shall bind its successors. 
 [Signatures on following pages] 
  

 6 

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

			
	THE SUNSHINE GROUP (FLORIDA) LTD. CORP.
		
	By:	 	 /s/ Seth Truwit

		 	Name: Seth Truwit
		 	Title: Senior Vice President and Assistant Secretary

  

 [Supplemental Indenture No. 12 (Senior Fixed Rate Notes)] 

			
	THE BANK OF NEW YORK MELLON (formerly known as THE BANK OF NEW YORK), as Trustee
		
	By:	 	 /s/ Franca M. Ferrara

		 	Name: Franca M. Ferrara
		 	Title: Senior Associate

  

 [Supplemental Indenture No. 12 (Senior Fixed Rate Notes)]

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