Document:

EX-4.2

 Exhibit 4.2 

EXECUTION VERSION 
 SECOND
SUPPLEMENTAL INDENTURE 
 Second Supplemental Indenture (this “Supplemental Indenture”), dated as of October 2, 2018,
among Taylor Morrison Communities, Inc., a Delaware corporation (the “Qualified Successor”), certain subsidiaries listed on Schedule 1 hereto, each a subsidiary of the Qualified Successor (each, a “Guaranteeing
Subsidiary”), AV Homes, Inc., a Delaware corporation (the “Company” or “AV Homes”), certain subsidiaries of the Company listed on Schedule 2 hereto (the
“Existing Subsidiary Guarantors”) and Wilmington Trust, National Association, as trustee (the “Trustee”). 

W I T N E S S E T H 

WHEREAS, each of the Company and the Subsidiary Guarantors (as defined in the Indenture referred to below) has heretofore executed and
delivered to the Trustee an indenture (as supplemented by the First Supplemental Indenture, dated as of January 11, 2018, between AVH DFW, LLC, an Arizona Limited Liability Company and the Trustee, the “Indenture”), dated as of
May 18, 2017, providing for the issuance of an unlimited aggregate principal amount of 6.625% Senior Notes due 2022 (the “Notes”); 

WHEREAS, pursuant to the terms of the Indenture, as a condition to the occurrence of a Covenant Replacement Event, the Qualified Successor
shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Qualified Successor shall assume all of the obligations of the Company under the Notes and the Indenture on the terms and conditions set forth herein and under
the Indenture; 
 WHEREAS, the Indenture provides that under certain circumstances each Guaranteeing Subsidiary shall execute and deliver to
the Trustee a supplemental indenture pursuant to which such Guaranteeing Subsidiary shall unconditionally guarantee all of the Company’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein and under the
Indenture; and 
 WHEREAS, pursuant to Section 9.01(a) of the Indenture, the Trustee is authorized and hereby directed 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 as follows: 

1. Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture. 

2. Agreement to be Bound. The Qualified Successor hereby expressly assumes the Company’s Obligations for the due and punctual
payment of principal, premium, if any, and interest (including Additional Interest, if any) on the Notes issued pursuant to the Indenture and all other Obligations under the Indenture, the Notes and the Registration Rights Agreement. The Qualified
Successor hereby becomes a party to the Indenture and the Registration Rights Agreement as the Company and as such shall have all of the rights and be subject to all of the obligations and agreements of

 
the Company under the Indenture and the Registration Rights Agreement. The Qualified Successor agrees to be bound by all of the provisions of the Indenture, the Notes and the Registration Rights
Agreement applicable to the Company and to perform all of the obligations and agreements of the Company under the Indenture, the Notes and the Registration Rights Agreement. 

3. Release. AV Homes hereby is released from all of the obligations of the Company, and relinquishes all of the rights of the Company,
that are assumed or acquired by the Qualified Successor pursuant to this Supplemental Indenture. 
 4. Guarantors. Each Guaranteeing
Subsidiary hereby agrees to be a Subsidiary Guarantor under the Indenture and to be bound by the terms of the Indenture applicable to Subsidiary Guarantors, including Article 10 thereof. Each Existing Subsidiary Guarantor hereby confirms that its
obligations under the Registration Rights Agreement continue to be in effect. 
 5. Merger. Each Subsidiary Guarantor hereby confirms
that its Subsidiary Guarantee shall apply to the Qualified Successor’s Obligations under the Indenture and the Notes. 
 6. Governing
Law. THIS SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 7.
Waiver of Jury Trial. EACH OF THE QUALIFIED SUCCESSOR, THE GUARANTEEING SUBSIDIARIES, THE EXISTING SUBSIDIARY GUARANTORS AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL
BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE, THE INDENTURE, THE NOTES, THE GUARANTEES OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 

8. Counterparts. 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. Headings. The headings of the Sections of this Supplemental Indenture have
been inserted for convenience of reference only, are not to be considered a part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof. 

10. Trustee Not Responsible for Recitals. The recitals contained herein shall be taken as statements of the Company, and the Trustee
assumes no responsibility for their correctness. The Trustee makes no representations as to and shall not be responsible for the validity or sufficiency of this Supplemental Indenture. 

  
 2 

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

			
	TAYLOR MORRISON COMMUNITIES, INC.
		
	By:	 	 /s/ Darrell C. Sherman

		 	Name: Darrell C. Sherman
		 	Title:   Executive Vice President, Chief Legal Officer and Secretary
	
	ATPD, LLC
	DARLING HOMES OF TEXAS, LLC
	DFP TEXAS (GP), LLC
	TAYLOR MORRISON AT CRYSTAL FALLS, LLC
	TAYLOR MORRISON ESPLANADE NAPLES, LLC
	TAYLOR MORRISON FINANCE, INC.
	TAYLOR MORRISON HOLDINGS OF ARIZONA, INC.
	 TAYLOR MORRISON MARBLEHEAD HOLDINGS, LLC

	TAYLOR MORRISON OF CALIFORNIA, LLC
	TAYLOR MORRISON OF CAROLINAS, INC.
	TAYLOR MORRISON OF COLORADO, INC.
	TAYLOR MORRISON OF FLORIDA, INC.
	TAYLOR MORRISON OF GEORGIA, LLC
	TAYLOR MORRISON OF ILLINOIS, INC.
	TAYLOR MORRISON OF TEXAS, INC.
	 TAYLOR MORRISON PACIFIC POINT HOLDINGS, LLC

	TAYLOR MORRISON SERVICES, INC.
	TAYLOR MORRISON TRAMONTO HOLDINGS, LLC
	TAYLOR MORRISON, INC.

 Signature Page to Supplemental Indenture – Qualified Successor 

 
			
	 TAYLOR MORRISON/ARIZONA, INC.

	 TAYLOR WOODROW COMMUNITIES AT ARTISAN LAKES, L.L.C.

	 TAYLOR WOODROW COMMUNITIES – LEAGUE CITY, LTD.

	 TAYLOR WOODROW COMMUNITIES AT MIRASOL, LTD.

	 TAYLOR WOODROW COMMUNITIES AT PORTICO, L.L.C.

	 TAYLOR WOODROW COMMUNITIES AT ST. JOHNS FOREST, L.L.C.

	 TAYLOR WOODROW HOMES – CENTRAL FLORIDA DIVISION, L.L.C.

	TAYLOR WOODROW HOMES – SOUTHWEST FLORIDA DIVISION, L.L.C.
	TM CALIFORNIA SERVICES, INC.
	TM HOMES OF ARIZONA, INC.
	TM OYSTER HARBOR, LLC
	TW ACQUISITIONS, INC.
	TWC/FALCONHEAD WEST, L.L.C.
	TWC/MIRASOL, INC.
	TWC/STEINER RANCH, LLC
	TM RIDGE GP, LLC
	TM RIDGE LP, LLC
		
	By:	 	 /s/ Darrell C. Sherman

		 	Name: Darrell C. Sherman
		 	Title:   Executive Vice President, Chief Legal Officer and Secretary

 Signature Page to Supplemental Indenture – Qualified Successor 

 
			
	AV HOMES, INC.
	JCH GROUP, LLC 
	AVH CAROLINAS, LLC
	AVH HOMES OF RALEIGH, LLC 
	AVH EM, LLC
	AV HOMES OF ARIZONA, LLC
	AVH DFW, LLC
	AVATAR PROPERTIES, INC.
	ROYAL OAK HOMES, LLC
	VITALIA AT TRADITION, LLC
	AVH NORTH FLORIDA, LLC
	BONTERRA BUILDERS, LLC
		
	By:	 	 /s/ Darrell C. Sherman

		 	Name: Darrell C. Sherman
		 	Title: Executive Vice President, Chief Legal Officer and Secretary

 Signature Page to Supplemental Indenture – Qualified Successor 

 
			
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Lynn M. Steiner

		 	Name: Lynn M. Steiner
		 	Title:   Vice President

 Signature Page to Supplemental Indenture – Qualified Successor 

 Schedule 1 

Guaranteeing Subsidiaries 
  

			
	 Name
	  	 Jurisdiction

	 ATPD, LLC
	  	Arizona
	 AV Homes, Inc.
	  	Delaware
	 Darling Homes of Texas, LLC
	  	Texas
	 DFP Texas (GP), LLC
	  	Texas
	 Taylor Morrison, Inc.
	  	Delaware
	 Taylor Morrison at Crystal Falls, LLC
	  	Texas
	 Taylor Morrison Holdings of Arizona, Inc.
	  	Arizona
	 Taylor Morrison Marblehead Holdings, LLC
	  	Delaware
	 Taylor Morrison of California, LLC
	  	California
	 Taylor Morrison of Carolinas, Inc.
	  	North Carolina
	 Taylor Morrison of Colorado, Inc.
	  	Colorado
	 Taylor Morrison of Florida, Inc.
	  	Florida
	 Taylor Morrison of Georgia, LLC
	  	Georgia
	 Taylor Morrison of Illinois, Inc.
	  	Illinois
	 Taylor Morrison of Texas, Inc.
	  	Texas
	 Taylor Morrison Pacific Point Holdings, LLC
	  	Delaware
	 Taylor Morrison Services, Inc.
	  	Delaware
	 Taylor Morrison Tramonto Holdings, LLC
	  	Delaware
	 Taylor Morrison/Arizona, Inc.
	  	Arizona
	 Taylor Woodrow Communities – League City, Ltd.
	  	Texas
	 Taylor Woodrow Communities At Mirasol, Ltd.
	  	Florida
	 Taylor Woodrow Communities At Portico, L.L.C.
	  	Florida
	 Taylor Woodrow Communities At St. Johns Forest, L.L.C.
	  	Florida
	 Taylor Woodrow Homes – Central Florida Division, L.L.C.
	  	Florida
	 Taylor Woodrow Homes – Southwest Florida Division, L.L.C.
	  	Florida
	 Taylor Woodrow Communities at Artisan Lakes, L.L.C.
	  	Florida
	 TM California Services, Inc.
	  	Delaware
	 TM Homes of Arizona, Inc.
	  	Arizona

			
	 Name
	  	 Jurisdiction

	 TW Acquisitions, Inc.
	  	Florida
	 TWC/Falconhead West, L.L.C.
	  	Texas
	 TWC/Mirasol, Inc.
	  	Florida
	 TWC/Steiner Ranch, LLC
	  	Texas
	 TM Oyster Harbor, LLC
	  	Florida
	 Taylor Morrison Esplanade Naples, LLC
	  	Florida
	 TM Ridge GP, LLC
	  	Texas
	 TM Ridge LP, LLC
	  	Texas

 Schedule 2 

Existing Subsidiary Guarantors 
  

			
	 Name
	  	 Jurisdiction

	 Avatar Properties Inc.
	  	Florida
	 Royal Oak Homes, LLC
	  	Florida
	 Bonterra Builders, LLC
	  	North Carolina
	 JCH Group, LLC
	  	Delaware
	 Vitalia at Tradition, LLC
	  	Florida
	 AVH North Florida, LLC
	  	Florida
	 AVH Carolinas, LLC
	  	Arizona
	 AVH DFW, LLC
	  	Arizona
	 AV Homes of Raleigh, LLC
	  	Arizona
	 AVH EM, LLC
	  	Arizona
	 AV Homes of Arizona, LLC
	  	ArizonaEX-4.5

 Exhibit 4.5 

EXECUTION VERSION 
 SEVENTH
SUPPLEMENTAL INDENTURE 
 This SEVENTH SUPPLEMENTAL INDENTURE, dated as of October 2, 2018 (this “Seventh
Supplemental Indenture”), between AV Homes, Inc. (the “Company”) and Wilmington Trust, National Association (as successor by merger to Wilmington Trust FSB) (the “Trustee”). 

WITNESSETH 
 WHEREAS, the
Company and each of the Subsidiary Guarantors (as defined in the Indenture referred to below) has heretofore executed and delivered to the Trustee that certain Third Supplemental Indenture, dated as of June 23, 2015 (the “Third
Supplemental Indenture”), which supplements the Indenture, dated as of February 4, 2011 (the “Base Indenture” and the Base Indenture, as supplemented by the Third Supplemental Indenture, the Fourth Supplemental
Indenture, dated as of July 17, 2015, among the Company, the Guaranteeing Subsidiary thereto and the Trustee, the Fifth Supplemental Indenture, dated as of December 29, 2016, among the Company, the Guaranteeing Subsidiary thereto and the
Trustee, and the Sixth Supplemental Indenture, dated as of January 11, 2018, among the Company, the Guaranteeing Subsidiary thereto and the Trustee, the “Indenture”), providing for the issuance of an unlimited aggregate
principal amount of 6.00% Senior Convertible Notes due 2020 (the “Notes”); 
 WHEREAS, the Company entered into an
Agreement and Plan of Merger (the “Merger Agreement”) with Taylor Morrison Communities, Inc., a Delaware corporation (“Intermediate Parent”), and Thor Merger Sub, Inc., a Delaware corporation (“Merger
Sub”); 
 WHEREAS, pursuant to the Merger Agreement and subject to the terms and conditions therein, Merger Sub merged with
and into AV Homes (the “Merger”), with AV Homes continuing as the surviving entity in the Merger as an indirect subsidiary of Taylor Morrison Home Corporation, a Delaware corporation (“TMHC”); 

WHEREAS, pursuant to the Merger Agreement and subject to the terms and conditions therein, at the effective time of the Merger, AV
Homes stockholders were entitled to receive, at their election, consideration per share of Common Stock consisting of (i) $21.50 in cash, without interest (subject to the proration procedures described in the Merger Agreement, the “Cash
Consideration”), (ii) 0.9793 validly issued, fully paid and nonassessable shares of TMHC Class A common stock, par value $0.00001 (the shares, the “TMHC Common Stock,” and the consideration, subject to the proration
procedures described in the Merger Agreement, the “Stock Consideration,” respectively), or (iii) a combination of $12.64 in cash, without interest, and 0.4034 validly issued, fully paid and nonassessable shares of TMHC Common
Stock (the “Mixed Consideration”); 
 WHEREAS, Section 7.06(a) of the Third Supplemental Indenture provides
that upon the occurrence of any Merger Event, then, from and after the effective date of such Merger Event, the Company or the successor or purchasing Person, as the case may be, shall execute with the Trustee a supplemental indenture providing that
at and after the effective time of such Merger Event, each outstanding Note will, without the consent of Holders of the Notes, become convertible in accordance with the Indenture into the consideration the holders of Common Stock received in such
Merger Event (such consideration, the “Conversion Consideration”); 

 
provided, that if such Merger Event causes the Common Stock to be converted into the right to receive more than a single type of consideration (determined based in part upon any form of
shareholder election), the Notes will become convertible into the kind and amount of consideration elected to be received by a plurality of the shares of Common Stock that voted for such an election (if electing between more than two types of
consideration); 
 WHEREAS, holders of a plurality of the shares of Common Stock elected to receive Cash Consideration; 

WHEREAS, in connection with the execution and delivery of this Seventh Supplemental Indenture, the Trustee has received an
Officer’s Certificate and an Opinion of Counsel as contemplated by Section 6.01(d) of the Indenture; and 
 WHEREAS, the
Company has requested that the Trustee execute and deliver this Seventh Supplemental Indenture and have satisfied all requirements necessary to make this Seventh Supplemental Indenture a valid instrument in accordance with its terms. 

NOW, THEREFORE, for and in consideration of the premises contained herein and intending to be legally bound, each party agrees for the
benefit of each other party and for the equal and ratable benefit of the Holders, as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.1 Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the
Indenture. 
 ARTICLE II 

EFFECT OF MERGER ON CONVERSION RIGHT 

Section 2.1 Conversion Right. The Company hereby acknowledges and agrees that, pursuant to Section 7.06 of the Third
Supplemental Indenture, from and after the effective time of the Merger, the holder of the Notes shall be entitled to receive, upon conversion of the Notes, consideration in the form of $21.50 in cash (without any interest thereon) for each share of
Common Stock into which the Notes would otherwise be entitled to be converted pursuant to Article VII of the Third Supplemental Indenture. 

ARTICLE III 
 MISCELLANEOUS

 Section 3.1 Effect of this Seventh Supplemental Indenture. Upon the execution of this Seventh Supplemental
Indenture under Article V of the Indenture, the Indenture shall be modified in accordance herewith, and this Seventh Supplemental Indenture shall form a part of the Indenture for all purposes; and every Holder of the Notes heretofore or hereafter
authenticated and delivered under the Indenture shall be bound hereby. To the extent not expressly amended or modified by this Seventh Supplemental Indenture, the Indenture shall remain in full force and effect. 

  
 2 

 Section 3.2 Trustee Matters. The Trustee accepts the Indenture, as supplemented
hereby, and agrees to perform the same upon the terms and conditions set forth therein, as supplemented hereby. The Trustee shall be entitled to the benefit of every provision of the Indenture so supplemented relating to the conduct or affecting the
liability or affording protection to the Trustee, whether or not elsewhere herein so provided. The recitals contained in this Seventh Supplemental Indenture shall be taken as the statements of the Company, and the Trustee assumes no responsibility
for their correctness. The Trustee makes no representation as to the validity or sufficiency of this Seventh Supplemental Indenture. 

Section 3.3 Successors and Assigns. All covenants and agreements in this Seventh Supplemental Indenture of the Company and the
Parent shall bind their respective successors and assigns, whether so expressed or not. 
 Section 3.4 Governing Law. THIS
SEVENTH SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 Section 3.5
Waiver of Jury Trial. EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SEVENTH
SUPPLEMENTAL INDENTURE, THE INDENTURE, THE NOTES, OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 
 Section 3.6
Counterparts. The parties may sign any number of copies of this Seventh Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 

Section 3.7 Headings. The headings of the Sections of this Seventh Supplemental Indenture have been inserted for convenience of
reference only, are not to be considered a part of this Seventh Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof. 

  
 3 

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

			
	AV HOMES, INC.
		
	By:	 	 /s/ Darrell C. Sherman

		 	Name: Darrell C. Sherman
		 	Title:   Executive Vice President, Chief Legal Officer and Secretary

 [Signature Page to Seventh Supplemental Indenture (Merger Event)] 

 
			
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Lynn M. Steiner

		 	Name: Lynn M. Steiner
		 	Title: Vice President

 [Signature Page to Seventh Supplemental Indenture (Merger Event)]

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