Document:

EX-4.3

 Exhibit 4.3 
 EXECUTION VERSION 
 KANSAS CITY SOUTHERN de MÉXICO, S.A. de C.V.

 U.S.$275,000,000 2.35% Senior Notes Due 2020; 
 and 
 U.S.$450,000,000 3.00% Senior Notes Due 2023 

REGISTRATION RIGHTS AGREEMENT 
 May 3, 2013 
 J.P. MORGAN SECURITIES LLC 

383 Madison Avenue 
 New York, NY 10179

 MERRILL LYNCH, PIERCE, FENNER & SMITH 
   INCORPORATED 
 One Bryant Park 
 New York, NY 10036 
 MORGAN STANLEY & CO. LLC 

1585 Broadway 
 New York, NY 10036 

as the Representatives of the several Initial Purchasers 
 Ladies and Gentlemen: 
 Kansas City Southern de México, S.A. de C.V., a
sociedad anónima de capital variable organized under the laws of the United Mexican States (the “Company”), proposes to issue and sell to J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith
Incorporated, and Morgan Stanley & Co. LLC (the “Initial Purchasers”), U.S.$ 275,000,000 in aggregate principal amount of its 2.35% Senior Notes Due 2020 (the “2020 Notes”) and U.S.$ 450,000,000 in aggregate principal
amount of its 3.00% Senior Notes Due 2023 (the “2023 Notes” and, together with the 2020 Notes, the “Notes”), upon the terms set forth in the Purchase Agreement between the Company and the Initial Purchasers dated April 24,
2013 (the “Purchase Agreement”) relating to the initial purchase (the “Initial Purchase”) of the 2020 Notes and the 2023 Notes. To induce the Initial Purchasers to enter into the Purchase Agreement and to satisfy a condition to
your obligations thereunder, the Company agrees with you for your benefit and (i) with respect to the 2020 Notes, the benefit of the holders from time to time of the (2020 Notes and (ii) with respect to the 2023 Notes, the benefit of the
holders from time to time of the 2023 Notes (in each case including the Initial Purchasers), as follows: 
 1.
Definitions. Capitalized terms used herein without definition shall have their respective meanings set forth in the Purchase Agreement. As used in this Registration Rights Agreement (this “Agreement”), the following capitalized
defined terms shall have the following meanings: 
 “2020 Indenture” shall mean the Indenture relating to the 2020
Notes, dated as of May 3, 2013, between the Company, U.S. Bank National Association, as trustee and paying agent, as the same may be amended from time to time in accordance with the terms thereof. 

 “2023 Indenture” shall mean the Indenture relating to the 2023 Notes, dated as of
May 3, 2013, between the Company, U.S. Bank National Association, as trustee and paying agent, as the same may be amended from time to time in accordance with the terms thereof. 

“Act” shall mean the Securities Act of 1933, as amended, and the rules and regulations of the Commission promulgated
thereunder. 
 “Affiliate” shall have the meaning specified in Rule 405 under the Act and the terms
“controlling” and “controlled” shall have meanings correlative thereto. 
 “Broker-Dealer” shall
mean any broker or dealer registered as such under the Exchange Act. 
 “Business Day” shall mean any day other than a
Saturday, a Sunday or a legal holiday or a day on which banking institutions or trust companies are authorized or obligated by law to close in New York City. 
 “Closing Date” shall mean the date of the first issuance of the Notes. 

“Commission” shall mean the Securities and Exchange Commission. 

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission
promulgated thereunder. 
 “Exchange Offer Registration Period” shall mean the earlier of the 180-day period following
the consummation of the Registered Exchange Offer, exclusive of any period during which any stop order shall be in effect suspending the effectiveness of the Exchange Offer Registration Statement, and the date on which Broker-Dealers are no longer
required to deliver a prospectus in connection with market-making or other trading activities. 
 “Exchange Offer
Registration Statement” shall mean a registration statement of the Company on an appropriate form under the Act with respect to the Registered Exchange Offer, all amendments and supplements to such registration statement, including
post-effective amendments thereto, in each case including the Prospectus contained therein, all exhibits thereto and all material incorporated by reference therein. 
 “Exchanging Dealer” shall mean any Holder (which may include the Initial Purchasers) that is a Broker-Dealer and elects to exchange for New Notes any Notes that it acquired for its own account
as a result of market-making activities or other trading activities (but not directly from the Company or any Affiliate of the Company) for New Notes. 

  
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 “Final Memorandum” shall mean the Offering Memorandum, dated April 24, 2013,
relating to the Notes, including any and all exhibits and appendices thereto and any information incorporated by reference therein as of such date. 
 “FINRA Rules” shall mean the Conduct Rules and the By-Laws of the Financial Industry Regulatory Authority, Inc. 
 “Holder” shall mean the holders from time to time of the applicable series of Notes (including the Initial Purchasers). 
 “Indenture” shall mean either the 2020 Indenture or the 2023 Indenture, as applicable. 
 “Initial Purchase” shall have the meaning set forth in the preamble. 

“Losses” shall have the meaning set forth in Section 6(d) hereof. 

“Majority Holders” shall mean, on any date, Holders of a majority of the aggregate principal amount of the applicable series of
Notes outstanding and registered under a Registration Statement. 
 “Managing Underwriters” shall mean the investment
bank or investment banks and manager or managers that administer an underwritten offering, if any, under a Registration Statement. 
 “New Notes” shall mean debt securities of the Company identical in all material respects to the applicable series of Notes (except that the transfer restrictions shall be modified or eliminated,
as appropriate) to be issued under the applicable Indenture. 
 “Notes” shall mean each of the 2020 Notes and the 2023
Notes, as individual series of notes and not collectively. 
 “Prospectus” shall mean the prospectus included in any
Registration Statement (including, without limitation, a prospectus that discloses information previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A under the Act), as amended or
supplemented by any prospectus supplement, with respect to the terms of the offering of any portion of the Notes or the New Notes covered by such Registration Statement, and all amendments and supplements thereto, including any and all exhibits
thereto and any information incorporated by reference therein. 
 “Registered Exchange Offer” shall mean the proposed
offer or offers of the Company to issue and deliver to the Holders of the Notes that are not prohibited by any law or policy of the Commission from participating in such offer, in exchange for the Notes, a like aggregate principal amount of the New
Notes. 

  
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 “Registrable Notes” shall mean (i) Notes other than those that have been
(A) registered under a Registration Statement and exchanged or otherwise disposed of in accordance therewith or (B) distributed to the public pursuant to Rule 144 under the Act or any successor rule or regulation thereto that may be
adopted by the Commission and (ii) any New Notes, the resale of which by the Holder thereof requires compliance with the prospectus delivery requirements of the Act. 
 “Registration Default Damages” shall have the meaning set forth in Section 8 hereof. 
 “Registration Statement” shall mean any Exchange Offer Registration Statement or Shelf Registration Statement that covers any of the Notes or the New Notes pursuant to the provisions of this
Agreement, any amendments and supplements to such registration statement, including post-effective amendments (in each case including the Prospectus contained therein), all exhibits thereto and all material incorporated by reference therein.

 “Shelf Registration” shall mean a registration effected pursuant to Section 3 hereof. 

“Shelf Registration Period” has the meaning set forth in Section 3(b)(ii) hereof. 

“Shelf Registration Statement” shall mean a “shelf” registration statement of the Company pursuant to the provisions
of Section 3 hereof which covers some or all of the Notes or New Notes, as applicable, on an appropriate form under Rule 415 under the Act, or any similar rule that may be adopted by the Commission, amendments and supplements to such
registration statement, including post-effective amendments, in each case including the Prospectus contained therein, all exhibits thereto and all material incorporated by reference therein. 

“Trustee” shall mean the trustee under the applicable Indenture. 

“Trust Indenture Act” shall mean the Trust Indenture Act of 1939, as amended, and the rules and regulations of the Commission
promulgated thereunder. 
 “underwriter” shall mean any underwriter of Notes in connection with an offering thereof
under a Shelf Registration Statement. 
 2. Registered Exchange Offer. (a) To the extent not prohibited by any
applicable law or applicable interpretation of the staff of the Commission, the Company shall as promptly as practicable prepare and file with the Commission the Exchange Offer Registration Statement with respect to the Registered Exchange Offer.
The Company shall use its commercially reasonable efforts to cause the Exchange Offer Registration Statement to become effective under the Act and to complete the Registered Exchange Offer within 270 days of the Closing Date. 

(b) Upon the effectiveness of the Exchange Offer Registration Statement, the Company shall promptly commence the Registered Exchange
Offer, it being the objective of such Registered Exchange Offer to enable each Holder electing to exchange Notes for New Notes (assuming that such Holder is not an Affiliate of the Company, acquires the New Notes in the ordinary course of such
Holder’s business, has no arrangements with any person to participate in the distribution of the New Notes and is not prohibited by any law or policy of the Commission from participating in the Registered Exchange Offer) to trade such New Notes
from and after 

  
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their receipt without any limitations or restrictions under the Act and without material restrictions under the securities laws of a substantial proportion of the several states of the United
States. 
 (c) In connection with the Registered Exchange Offer, the Company shall: 

(i) mail to each Holder a copy of the Prospectus forming part of the Exchange Offer Registration Statement, together with
an appropriate letter of transmittal and related documents; 
 (ii) keep the Registered Exchange Offer open for
not less than 20 Business Days and use its commercially reasonable efforts to keep the Registered Exchange Offer open for not more than 40 Business Days after the date notice thereof is mailed to the Holders (or, in each case, longer if required by
applicable law); 
 (iii) use its commercially reasonable efforts to keep the Exchange Offer Registration
Statement continuously effective under the Act, supplemented and amended as required, under the Act to ensure that it is available for sales of New Notes by Exchanging Dealers during the Exchange Offer Registration Period; 

(iv) utilize the services of a depositary for the Registered Exchange Offer with an address in the Borough of Manhattan in
New York City, which may be the Trustee, or an Affiliate of the Trustee; 
 (v) permit Holders to withdraw
tendered Notes (in accordance with the procedures set forth in the Exchange Offer Registration Statement) at any time prior to the close of business, New York time, on the last Business Day on which the Registered Exchange Offer is open; 

(vi) prior to effectiveness of the Exchange Offer Registration Statement, provide a supplemental letter to the Commission
(A) stating that the Company is conducting the Registered Exchange Offer in reliance on the position of the Commission in Exxon Capital Holdings Corporation (pub. avail. May 13, 1988) and Morgan Stanley and Co., Inc. (pub. avail.
June 5, 1991); and (B) including a representation that the Company has not entered into any arrangement or understanding with any person to distribute the New Notes to be received in the Registered Exchange Offer and that, to the
Company’s information and belief, each Holder participating in the Registered Exchange Offer is acquiring the New Notes in the ordinary course of business and has no arrangement or understanding with any person to participate in the
distribution of the New Notes; and 
 (vii) comply in all material respects with all applicable laws. 

(d) As soon as practicable after the close of the Registered Exchange Offer, the Company shall: 

(i) accept for exchange all Notes tendered and not validly withdrawn pursuant to the Registered Exchange Offer;

  
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 (ii) deliver or cause to be delivered to the Trustee for cancellation in
accordance with Section 4(s) all Notes so accepted for exchange; and 
 (iii) cause the Trustee to promptly
authenticate and deliver to each Holder of Notes a principal amount of New Notes equal to the principal amount of the Notes of such Holder so accepted for exchange. 
 (e) Each Holder hereby acknowledges and agrees that any Broker-Dealer and any such Holder using the Registered Exchange Offer to participate in a distribution of the New Notes (i) could not under
Commission policy as in effect on the date of this Agreement rely on the position of the Commission in Exxon Capital Holdings Corporation (pub. avail. May 13, 1988) and Morgan Stanley and Co., Inc. (pub. avail. June 5, 1991), as
interpreted in the Commission’s letter to Shearman & Sterling dated July 2, 1993 and similar no-action letters and (ii) must comply with the registration and prospectus delivery requirements of the Act in connection with any
secondary resale transaction, which must be covered by an effective registration statement containing the selling security holder information required by Item 507 or 508, as applicable, of Regulation S-K under the Act if the resales are of
New Notes obtained by such Holder in exchange for Notes acquired by such Holder directly from the Company or one of its Affiliates. Accordingly, each Holder participating in the Registered Exchange Offer shall be required to represent to the Company
that: 
 (i) any New Notes to be received by such Holder will be acquired in the ordinary course of business;

 (ii) at the time of the consummation of the Registered Exchange Offer, such Holder will have no arrangement or
understanding with any person to participate in the distribution of the Notes or the New Notes within the meaning of the Act; and 
 (iii) such Holder is not an Affiliate of the Company; 
 and to make such other representations as
may be necessary under applicable Commission rules, regulations or interpretations to render the use of the Form S-4 or other appropriate form under the Act available. 
 (f) If, in the reasonable opinion of the Initial Purchasers, an Initial Purchaser is not eligible to participate in the Registered Exchange Offer with respect to the exchange of Notes constituting any
portion of an unsold allotment, at the request of the Initial Purchasers, the Company shall issue and deliver to the Initial Purchasers or the person purchasing New Notes registered under a Shelf Registration Statement as contemplated by
Section 3 hereof from the Initial Purchasers, in exchange for such Notes, a like principal amount of New Notes. The Company shall use its commercially reasonable efforts to cause the CUSIP Service Bureau to issue the same CUSIP number for such
New Notes as for New Notes issued pursuant to the Registered Exchange Offer. 
 3. Shelf Registration. (a) If
(i) due to any change in law or applicable interpretations thereof by the Commission’s staff, the Company determines upon advice of its outside counsel that it is not permitted to effect the Registered Exchange Offer as contemplated by
Section 2 hereof; (ii) for any other reason the Registered Exchange Offer is not consummated 

  
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within 270 days of the date hereof; (iii) any Holder (other than the Initial Purchasers) is not eligible to participate in the Registered Exchange Offer other than by reason of such
Holder being an Affiliate of the Company; (iv) based on their reasonable opinion, the Initial Purchasers so request with respect to Notes that are not eligible to be exchanged for New Notes in the Registered Exchange Offer that are held by them
following consummation of the Registered Exchange Offer, such request being in writing and delivered to the Company; or (v) in the case that the Initial Purchasers participate in the Registered Exchange Offer or acquire New Notes pursuant to
Section 2(f) hereof, in their reasonable opinion the Initial Purchasers do not receive freely tradeable New Notes in exchange for Notes constituting any portion of an unsold allotment (it being understood that (A) the requirement that the
Initial Purchasers deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Notes acquired in exchange for such Notes shall result in such New Notes being
not “freely tradeable” and (B) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making
activities or other trading activities shall not result in such New Notes being not “freely tradeable”), the Company shall effect a Shelf Registration Statement in accordance with subsection (b) below. 

(b) (i) The Company shall as promptly as practicable file with the Commission and shall use its commercially reasonable efforts to
cause to be declared effective under the Act within 270 days after the Closing Date, a Shelf Registration Statement relating to the offer and sale of the Notes or the New Notes, as applicable, by the Holders thereof from time to time in
accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than the Initial Purchasers) shall be entitled to have the Notes held by
it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder (it being understood that Holders who would have received freely transferable Notes
pursuant to the Registered Exchange Offer had they not (A) failed to duly tender their Notes for exchange pursuant to the Registered Exchange Offer (other than the Initial Purchasers in connection with Notes held by them constituting any
portion of an unsold allotment), or otherwise failed to comply with the requirements of the Registered Exchange Offer as provided in Section 2 hereof or (B) failed to furnish to the Company such information as the Company may request in
accordance with Section 4(o) in connection with a Shelf Registration Statement, shall not retain any rights under this Agreement, including any right to have Notes owned by them included in any Shelf Registration Statement); and provided
further that, with respect to New Notes received by the Initial Purchasers in exchange for Notes constituting any portion of an unsold allotment, the Company may, if permitted by current interpretations by the Commission’s staff, file a
post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K of the Act, as applicable, in satisfaction of its obligations under this subsection with
respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. 

(ii) The Company shall, except as permitted under Section 4(k)(ii), keep the Shelf Registration Statement continuously effective,
supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period (the “Shelf Registration Period”) from the date the Shelf Registration Statement is

  
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declared effective by the Commission until (A) the first anniversary thereof or (B) the earlier date upon which all the Notes or New Notes, as applicable, covered by the Shelf
Registration Statement have been sold pursuant to the Shelf Registration Statement. 
 (iii) The Company shall cause the Shelf
Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such amendment or supplement, (A) to comply in all material respects with the applicable
requirements of the Act; and (B) not to contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein (in the case of the Prospectus, in the
light of the circumstances under which they were made) not misleading. 
 4. Additional Registration Procedures. In
connection with any Shelf Registration Statement and, to the extent applicable, any Exchange Offer Registration Statement, the following provisions shall apply with respect to the applicable Notes. 

(a) The Company shall: 
 (i) furnish to the Initial Purchasers and to counsel for the Majority Holders, not less than five Business Days prior to the filing thereof with the Commission, a copy of any Exchange Offer Registration
Statement and any Shelf Registration Statement, and each amendment thereof and each amendment or supplement, if any, to the Prospectus included therein (including all documents incorporated by reference therein after the initial filing) and shall
use its commercially reasonable efforts to reflect in each such document, when so filed with the Commission, such comments as the Initial Purchasers may reasonably propose; 

(ii) include the information set forth in Annex A hereto on the facing page of the Exchange Offer Registration
Statement, in Annex B hereto in the forepart of the Exchange Offer Registration Statement in a section setting forth details of the Registered Exchange Offer, in Annex C hereto in the underwriting or plan of distribution
section of the Prospectus contained in the Exchange Offer Registration Statement, and in Annex D hereto in the letter of transmittal delivered pursuant to the Registered Exchange Offer; 

(iii) if requested by the Initial Purchasers, include the information required by Item 507 or 508 of
Regulation S-K, as applicable, in the Prospectus contained in the Exchange Offer Registration Statement; and 
 (iv) in the case of a Shelf Registration Statement, include the names of the Holders that propose to sell Notes pursuant to the Shelf Registration Statement as selling security holders. 

(b) The Company shall ensure that: 
 (i) any Registration Statement and any amendment thereto and any Prospectus forming part thereof and any amendment or supplement thereto complies in all material respects with the Act; and 

(ii) any Registration Statement and any amendment thereto does not, when it becomes effective, contain an untrue statement
of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading. 

  
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 (c) The Company shall advise the Initial Purchasers, the Holders of Notes covered by any
Shelf Registration Statement and any Exchanging Dealer under any Exchange Offer Registration Statement that has provided in writing to the Company a telephone or facsimile number and address for notices, and, if requested by any Initial Purchaser or
any such Holder or Exchanging Dealer, shall confirm such advice in writing (which notice pursuant to clauses (ii)-(v) of this Section 4(c) shall be accompanied by an instruction to suspend the use of the Prospectus until the Company shall
have remedied the basis for such suspension): 
 (i) when a Registration Statement and any amendment thereto has
been filed with the Commission and when the Registration Statement or any post-effective amendment thereto has become effective; 
 (ii) of any request by the Commission for any amendment or supplement to the Registration Statement or the Prospectus or for additional information; 

(iii) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or
the institution or threatening of any proceeding for that purpose; 
 (iv) of the receipt by the Company of any
notification with respect to the suspension of the qualification of the securities included therein for sale in any jurisdiction or the institution or threatening of any proceeding for such purpose; and 

(v) of the happening of any event that requires any change in the Registration Statement or the Prospectus so that, as of
such date, they (A) do not contain any untrue statement of a material fact and (B) do not omit to state a material fact required to be stated therein or necessary to make the statements therein (in the case of the Prospectus, in the light
of the circumstances under which they were made) not misleading. 
 (d) The Company shall use its commercially reasonable
efforts to prevent the issuance of any order suspending the effectiveness of any Registration Statement or the qualification of the securities therein for sale in any jurisdiction and, if issued, to obtain as soon as possible the withdrawal thereof.

 (e) The Company shall furnish to each Holder of Notes covered by any Shelf Registration Statement, without charge, at least
one copy of such Shelf Registration Statement and any post-effective amendment thereto, including all material incorporated therein by reference, and, if the Holder so requests in writing, all exhibits thereto (including exhibits incorporated by
reference therein). 
 (f) The Company shall, during the Shelf Registration Period, deliver to each Holder of Notes covered by
any Shelf Registration Statement, without charge, as many copies of the Prospectus (including the Preliminary Prospectus) included in such Shelf Registration Statement 

  
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and any amendment or supplement thereto as such Holder may reasonably request. The Company consents to the use of the Prospectus or any amendment or supplement thereto by each of the selling
Holders of Notes in connection with the offering and sale of the Notes covered by the Prospectus, or any amendment or supplement thereto, included in the Shelf Registration Statement. 

(g) The Company shall furnish to each Exchanging Dealer which so requests, without charge, at least one copy of the Exchange Offer
Registration Statement and any post-effective amendment thereto, including all material incorporated by reference therein, and, if the Exchanging Dealer so requests in writing, all exhibits thereto (including exhibits incorporated by reference
therein). 
 (h) The Company shall promptly deliver to the Initial Purchasers, each Exchanging Dealer and each other person
required to deliver a Prospectus during the Exchange Offer Registration Period, without charge, as many copies of the Prospectus included in such Exchange Offer Registration Statement and any amendment or supplement thereto as any such person may
reasonably request. The Company consents to the use of the Prospectus or any amendment or supplement thereto by the Initial Purchasers, any Exchanging Dealer and any such other person that may be required to deliver a Prospectus following the
Registered Exchange Offer in connection with the offering and sale of the New Notes covered by the Prospectus, or any amendment or supplement thereto, included in the Exchange Offer Registration Statement. 

(i) Prior to the Registered Exchange Offer or any other offering of Notes pursuant to any Registration Statement, the Company shall
arrange, if necessary, for the qualification of the Notes or the New Notes for sale under the laws of such jurisdictions as any Holder shall reasonably request and shall maintain such qualification in effect so long as required; provided that
in no event shall the Company be obligated to qualify to do business in any jurisdiction where it is not then so qualified or to take any action that would subject it to service of process in suits in any such jurisdiction where it is not then so
subject. 
 (j) The Company shall cooperate with the Holders to facilitate the timely preparation and delivery of certificates
representing New Notes or Notes to be issued or sold pursuant to any Registration Statement free of any restrictive legends and in such denominations and registered in such names as Holders may request at least two Business Days prior to such sale
of Notes or New Notes. 
 (k) (i) Upon the occurrence of any event contemplated by subsections (ii) through
(v) of Section 4(c) above, the Company shall promptly prepare a post-effective amendment to the applicable Registration Statement or an amendment or supplement to the related Prospectus or file any other required document so that, as
thereafter delivered, the Prospectus will not include an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which
they were made, not misleading. In such circumstances, the period of effectiveness of the Exchange Offer Registration Statement provided for in Section 2 hereof shall be extended by the number of days from and including the date of the
giving of a notice of suspension pursuant to Section 4(c) hereof to and including the date when the Initial Purchasers, the Holders of the Notes and any known Exchanging Dealer shall have received such amended or supplemented Prospectus
pursuant to this Section. 

  
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 (ii) Upon the happening of any event of the kind described in
Section (c)(v) hereof, or the determination by the Company that, in its reasonable judgment and upon written advice of counsel, the continued effectiveness and use of the Shelf Registration Statement would require the disclosure of
confidential information or interfere with any financing, acquisition, reorganization or other material transaction involving the Company, such Holder will forthwith discontinue disposition of Notes or New Notes pursuant to a Registration Statement
until such Holder’s receipt of the copies of the supplemented or amended Prospectus contemplated by Section 4(f) hereof (or a notice from the Company that such Holder may resume use of the existing Prospectus), and, if so directed by the
Company, such Holder will deliver to the Company (at the Company’s expense) all copies in its possession, other than permanent file copies then in such Holder’s possession, of the Prospectus covering such Notes current at the time of
receipt of such notice. If the Company shall give any such notice to suspend the disposition of Notes pursuant to a Registration Statement, the Company shall extend the period during which the Registration Statement shall be maintained effective
pursuant to this Agreement by the number of days during the period from and including the date of the giving of such notice to and including the date when the Holders shall have (A) received copies of the supplemented or amended Prospectus
necessary to resume such dispositions or (B) a notice permitting use of the existing Prospectus. The Company may give any such notice only twice during any 365-day period and any such suspensions may not exceed 30 days for each suspension
and there may not be more than two suspensions in effect during any 365-day period. 
 (l) Not later than the effective date of
any Registration Statement, the Company shall provide a CUSIP number for the Notes or the New Notes, as the case may be, registered under such Registration Statement and provide the Trustee with printed certificates for such Notes or New Notes, in a
form eligible for deposit with The Depository Trust Company. 
 (m) The Company shall comply in all material respects with all
applicable rules and regulations of the Commission and shall make generally available to its security holders an earnings statement satisfying the provisions of Section 11(a) of the Act as soon as practicable after the effective date of
the applicable Registration Statement and in any event no later than 90 days after the end of a 12-month period (or 180 days, if such period is a fiscal year) beginning with the first month of the Company’s first fiscal quarter
commencing after the effective date of the applicable Registration Statement. 
 (n) The Company shall cause the Indenture to be
qualified under the Trust Indenture Act in a timely manner. 
 (o) The Company may require each Holder of Notes to be sold
pursuant to any Shelf Registration Statement to furnish to the Company such information regarding the Holder and the distribution of such securities as the Company may from time to time reasonably require for inclusion in such Registration
Statement. The Company may exclude from such Shelf Registration Statement the Notes of any Holder that fails to furnish such information within a reasonable time after receiving such request. 

  
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 (p) In the case of any Shelf Registration Statement, the Company shall enter into customary
agreements (including, if requested, an underwriting agreement in customary form) and take all other appropriate actions in order to expedite or facilitate the registration or the disposition of the Notes, and in connection therewith, if an
underwriting agreement is entered into, cause the same to contain indemnification provisions and procedures no less favorable than those set forth in Section 6 hereof. 
 (q) In the case of any Shelf Registration Statement, the Company shall: 
 (i) make reasonably available for inspection by the Holders of Notes to be registered thereunder, any underwriter participating in any disposition pursuant to such Registration Statement, and any
attorney, accountant or other agent retained by the Holders or any such underwriter all relevant financial and other records and pertinent corporate documents of the Company and its subsidiaries; provided, however, that, if any such
records, documents or other information are related to pending or proposed acquisitions or dispositions, or otherwise related to matters reasonably considered by the Company to constitute sensitive or proprietary information, the Company need not
provide such records, documents or information unless the foregoing parties enter into a confidentiality agreement in customary form and reasonably acceptable to such parties and the Company; 

(ii) cause the Company’s officers, directors, employees, accountants and auditors to supply all relevant information
reasonably requested by the Holders or any such underwriter, legal counsel, accountant or agent in connection with any such Registration Statement as is customary for similar due diligence examinations; provided, however, that such
information may not be used for any other purpose than due diligence and provided further, however, that any information that is designated in writing by the Company, in good faith, as confidential at the time of delivery of such
information shall be kept confidential by the Holders or any such underwriter, legal counsel, accountant or agent, unless such disclosure is made in connection with an arbitration or court proceeding or required by law, or such information becomes
available to the public generally or through a third party without an accompanying obligation of confidentiality; 
 (iii) make such representations and warranties to the Holders of Notes registered thereunder and the underwriters, if any, in form, substance and scope as are customarily made by issuers to underwriters
in primary underwritten offerings and covering matters including, but not limited to, those set forth in the Purchase Agreement; 
 (iv) obtain opinions of counsel to the Company and updates thereof (which counsel and opinions (in form, scope and substance) shall be reasonably satisfactory to the Managing Underwriters, if any)
addressed to each selling Holder and the underwriters, if any, covering such matters as are customarily covered in opinions requested in underwritten offerings and such other matters as may be reasonably requested by such Holders and underwriters;

  
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 (v) obtain comfort letters and updates thereof from the independent
certified public accountants of the Company (and, if necessary, any other independent certified public accountants of any subsidiary of the Company or of any business acquired by the Company for which financial statements and financial data are, or
are required to be, included in the Registration Statement), addressed to each selling Holder of Notes registered thereunder and the underwriters, if any; provided that such letters need not be addressed to any Holder to whom, in the
reasonable opinion of the Company’s independent public accountants, addressing such letter is not permissible under applicable accounting standards, in customary form and covering matters of the type customarily covered in comfort letters in
connection with primary underwritten offerings; 
 (vi) deliver such documents and certificates as may be
reasonably requested by the Majority Holders or the Managing Underwriters, if any, including those to evidence compliance with Section 4(k) and with any customary conditions contained in the underwriting agreement or other agreement entered
into by the Company; and 
 (vii) if reasonably requested by any Holder of Registrable Notes covered by a
Registration Statement, (A) promptly incorporate in a Prospectus supplement or post-effective amendment such information with respect to such Holder as such Holder reasonably requests to be included therein and (B) make all required
filings of such Prospectus supplement or such post-effective amendment as soon as the Company has received notification of the matters to be incorporated in such filing. 
 The actions set forth in clauses (iii), (iv), (v) and (vi) of this Section 4(q) shall be performed at (A) the effectiveness of such Registration Statement and each post-effective
amendment thereto and (B) each closing under any underwriting or similar agreement as and to the extent required thereunder. 
 (r) In the case of any Exchange Offer Registration Statement, the Company shall: 
 (i) make reasonably available for inspection by the Initial Purchasers, and any legal counsel, accountant or other agent retained by the Initial Purchasers, all relevant financial and other records,
pertinent corporate documents and properties of the Company and its subsidiaries; provided, however, that, if any such records, documents or other information is related to pending or proposed acquisitions or dispositions, or otherwise
related to matters reasonably acceptable to such parties and the Company to constitute sensitive or proprietary information, the Company need not provide such records, documents or information unless the foregoing parties enter into a
confidentiality agreement in customary form and reasonably acceptable to such parties and the Company; 
 (ii)
cause the Company’s officers, directors, employees, accountants and auditors to supply all relevant information reasonably requested by the Initial Purchasers or any such attorney, accountant or agent in connection with any such Registration
Statement as is customary for similar due diligence examinations; provided, however, that such information may not be used for any purpose other than due diligence and provided further, however, that any information that is
designated in writing by the 

  
 13 

 
Company, in good faith, as confidential at the time of delivery of such information shall be kept confidential by the Initial Purchasers or any such attorney, accountant or agent, unless such
disclosure is made in connection with an arbitration or court proceeding or required by law, or such information becomes available to the public through a third party without an accompanying obligation of confidentiality; 

(iii) make such representations and warranties to the Initial Purchasers, in form, substance and scope as are customarily
made by issuers to underwriters in primary underwritten offerings and covering matters including, but not limited to, those set forth in the Purchase Agreement; 
 (iv) obtain opinions of counsel to the Company and updates thereof (which counsel and opinions (in form, scope and substance) shall be reasonably satisfactory to the Initial Purchasers and their counsel,
addressed to the Initial Purchasers, covering such matters as are customarily covered in opinions requested in underwritten offerings and such other matters as may be reasonably requested by the Initial Purchasers or their counsel; 

(v) obtain comfort letters and updates thereof from the independent certified public accountants of the Company (and, if
necessary, any other independent certified public accountants of any subsidiary of the Company or of any business acquired by the Company for which financial statements and financial data are, or are required to be, included in the Registration
Statement), addressed to the Initial Purchasers, in customary form and covering matters of the type customarily covered in comfort letters in connection with primary underwritten offerings, or if requested by the Initial Purchasers or their counsel
in lieu of a comfort letter, an agreed-upon procedures letter under Statement on Auditing Standards No. 35, covering matters requested by the Initial Purchasers or their counsel; and 

(vi) deliver such documents and certificates as may be reasonably requested by the Initial Purchasers or their counsel,
including those to evidence compliance with Section 4(k) hereof and with conditions customarily contained in underwriting agreements; 

provided, however, that the Company will be required to perform the foregoing actions set forth in clauses (i) through (vi) only
upon the reasonable request by the Initial Purchasers to the Company or the reasonable request in writing to the Company by one or more Broker-Dealers who certify to the Initial Purchasers and the Company in writing that they anticipate they will
receive New Notes for their own account in the Registered Exchange Offer for Notes that were acquired by such Broker-Dealer as a result of market-making or other trading activities, and, based on the position of the Commission as described in
Section 2(e) hereof, will be required to satisfy the prospectus delivery obligation under the Act in connection with the resale of such New Notes; and provided further, that the Company will not be required to amend or supplement the
Prospectus contained in the Exchange Offer Registration Statement for a period exceeding the Exchange Offer Registration Period, and such Broker-Dealers shall not be authorized by the Company to deliver and shall not deliver such Prospectus after
such period in connection with resales contemplated in this Section 4(r); and provided further, that the Company will be 

  
 14 

 
obligated to deal only with one entity representing such Broker-Dealers, which shall be Merrill Lynch, Pierce, Fenner & Smith Incorporated, unless it elects not to act as such
representative, and to pay the reasonable fees and expenses of only one counsel representing such Broker-Dealers, which shall be the counsel to the Initial Purchasers, unless such counsel elects not to so act, and to cause to be delivered only one,
if any, comfort letter with respect to the Prospectus in the form existing on the expiration of the Registered Exchange Offer and with respect to each subsequent amendment or supplement to the Exchange Offer Registration Statement, if any, effected
during the period specified above. 
 The foregoing actions set forth in clauses (iii), (iv), (v) and (vi) of this
Section 4(r) shall be performed at the close of the Registered Exchange Offer and the effective date of any post-effective amendment to the Exchange Offer Registration Statement. 

(s) If a Registered Exchange Offer is to be consummated, upon delivery of any physical certificates representing the Notes by Holders to
the Company (or to such other person as directed by the Company) in exchange for physical certificates representing the New Notes, the Company shall mark, or cause to be marked, on the Notes so exchanged that such Notes are being cancelled in
exchange for the New Notes. In no event shall the Notes be marked as paid or otherwise satisfied. 
 (t) The Company shall use
its commercially reasonable efforts to confirm that the ratings issued to the Notes prior to their initial sale will apply to the Notes or the New Notes, as the case may be, covered by a Registration Statement. 

(u) In the event that any Broker-Dealer shall underwrite any Notes or participate as a member of an underwriting syndicate or selling
group or “assist in the distribution” (within the meaning of the FINRA Rules) thereof, whether as a Holder of such Notes or as an underwriter, a placement or sales agent or a broker or dealer in respect thereof, or otherwise, the Company
shall assist such Broker-Dealer in complying with the FINRA Rules. 
 (v) The Company shall use its commercially reasonable
efforts to take all other steps necessary to effect the registration of the Notes or the New Notes, as the case may be, covered by a Registration Statement. 
 5. Registration Expenses. The Company shall bear all expenses incurred in connection with the performance of its obligations under Sections 2, 3 and 4 hereof and, in the event of any Shelf
Registration Statement, will reimburse the Holders for the reasonable fees and disbursements of one firm or counsel (which shall initially be Shearman & Sterling LLP, but which may, with the written consent of the Initial Purchasers, be
another nationally recognized law firm experienced in securities matters designated by the Majority Holders) to act as counsel for the Holders of both series of Notes in connection therewith, and, in the case of any Exchange Offer Registration
Statement, will reimburse the Initial Purchasers for the reasonable fees and disbursements of counsel acting in connection therewith. Each Holder shall pay all underwriting discounts and commissions and transfer taxes, if any, relating to the sale
or disposition of such Holder’s Notes pursuant to the Shelf Registration Statement. 

  
 15 

 6. Indemnification and Contribution. (a) The Company agrees to indemnify and hold
harmless each Holder of Notes or New Notes, as the case may be, covered by any Registration Statement, the Initial Purchasers and, with respect to any Prospectus delivery as contemplated in Section 4(h) hereof, each Exchanging Dealer, the
directors, officers and employees of each such Holder, the Initial Purchasers or Exchanging Dealer and each person who controls any such Holder, the Initial Purchasers or Exchanging Dealer within the meaning of either the Act or the Exchange Act
against any and all losses, claims, damages or liabilities, joint or several, to which they or any of them may become subject under the Act, the Exchange Act or other federal or state statutory law or regulation, at common law or otherwise, insofar
as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement as originally filed or in any
amendment thereof, including all documents incorporated by reference therein or in any preliminary Prospectus or the Prospectus, or in any amendment thereof or supplement thereto, or arise out of or are based upon the omission or alleged omission to
state therein a material fact required to be stated therein or necessary to make the statements therein (in the case of any preliminary Prospectus or the Prospectus, in the light of the circumstances under which they were made) not misleading, and
agrees to reimburse each such indemnified party, as incurred, for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, damage, liability or action; provided,
however, that the Company will not be liable in any such case to the extent that any such loss, claim, damage or liability arises out of or is based upon any such untrue statement or alleged untrue statement or omission or alleged omission
made therein in reliance upon and in conformity with written information furnished to the Company by or on behalf of the party claiming indemnification specifically for inclusion therein; provided further, however, that with respect to any
untrue statement or omission of a material fact made in any preliminary Prospectus, the indemnity agreement contained in this Section shall not inure to the benefit of any Holder from whom the person asserting any such loss, claim, damage or
liability purchased the Notes or New Notes, as the case may be, to the extent that any such loss, claim, damage or liability of such Holder occurs under the circumstance where it shall have been determined by a court of competent jurisdiction by
final and nonappealable judgment that (i) the untrue statement or omission of a material fact contained in the preliminary Prospectus was corrected in the Prospectus, (ii) the Company had previously furnished copies of the Prospectus to
such Holder prior to the written confirmation of the sale of such Notes or New Notes and (iii) such loss, claim, damage or liability results from the fact that there was not sent or given to such person at or prior to the written confirmation
of the sale of such Notes or New Notes, as the case may be, to such person, a copy of the Prospectus; and provided further, however, that the Company shall not be liable to an indemnified party with respect to any Prospectus or Registration
Statement or any amendment or supplement thereof to the extent that any such loss, claim, damage, liability or action of such indemnified party arises out of, or is based upon, (i) the use of any Registration Statement during a period when a
stop order has been issued by the Commission in respect thereof or (ii) the use of the Prospectus during a period when the use of the Prospectus has been suspended in accordance with the instructions of the Company because of the discovery of
any untrue statement or omission of a material fact therein, provided that all Holders of Notes or New Notes received prior written notice of such stop order or suspension and such indemnified party knowingly and voluntarily continued to use
such Prospectus or Registration Statement. 

  
 16 

 This indemnity agreement shall be in addition to any liability which the Company may otherwise have.

 The Company also agrees to indemnify as provided in this Section 6(a) or contribute as provided in
Section 6(d) hereof to Losses of each underwriter, if any, of Notes or New Notes, as the case may be, registered under a Shelf Registration Statement, their directors, officers, employees or agents and each person who controls such
underwriter on substantially the same basis as that of the indemnification of the Initial Purchasers and the selling Holders provided in this Section 6(a) and shall, if requested by any Holder, enter into an underwriting agreement
reflecting such agreement, as provided in Section 4(p) hereof. 
 (b) Each Holder of securities covered by a Registration
Statement (including the Initial Purchasers, but only if such Initial Purchaser is a Holder, in such capacity) severally and not jointly agrees to indemnify and hold harmless the Company, each of its directors, each of its officers who signs such
Registration Statement and each person who controls the Company within the meaning of either the Act or the Exchange Act, to the same extent as the foregoing indemnity from the Company to each such Holder, but only with reference to written
information relating to such Holder furnished to the Company by or on behalf of such Holder specifically for inclusion in the documents referred to in the foregoing indemnity. This indemnity agreement will be in addition to any liability which any
such Holder may otherwise have. 
 (c) Promptly after receipt by an indemnified party under this Section 6 or notice of the
commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under this Section 6, notify the indemnifying party in writing of the commencement thereof; but the failure so
to notify the indemnifying party (i) will not relieve it from liability under paragraph (a) or (b) of this Section 6 unless and to the extent it did not otherwise learn of such action and such failure results in the
forfeiture by the indemnifying party of substantial rights and defenses and (ii) will not, in any event, relieve the indemnifying party from any obligations to any indemnified party other than the indemnification obligation provided in
paragraph (a) or (b) of this Section 6. The indemnifying party shall be entitled to appoint counsel (including local counsel) of the indemnifying party’s choice at the indemnifying party’s expense to represent the
indemnified party in any action for which indemnification is sought (in which case the indemnifying party shall not thereafter be responsible for the fees and expenses of any separate counsel, other than local counsel if not appointed by the
indemnifying party, retained by the indemnified party or parties except as set forth below); provided, however, that such counsel shall be reasonably satisfactory to the indemnified party. Notwithstanding the indemnifying party’s
election to appoint counsel (including local counsel) to represent the indemnified party in an action, the indemnified party shall have the right to employ separate counsel (including local counsel), and the indemnifying party shall bear the
reasonable fees, costs and expenses of such separate counsel if (i) the use of counsel chosen by the indemnifying party to represent the indemnified party would present such counsel with a conflict of interest; (ii) the actual or potential
defendants in, or targets of, any such action include both the indemnified party and the indemnifying party and the indemnified party shall have reasonably concluded that there may be legal defenses available to it or other indemnified parties which
are different from or additional to those available to the indemnifying party; (iii) the indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable
time after notice of the 

  
 17 

 
institution of such action; or (iv) the indemnifying party shall authorize the indemnified party to employ separate counsel at the expense of the indemnifying party. An indemnifying party
will not, without the prior written consent of the indemnified parties, settle or compromise or consent to the entry of any judgment with respect to any pending or threatened claim, action, suit or proceeding in respect of which indemnification or
contribution may be sought hereunder (whether or not the indemnified parties are actual or potential parties to such claim or action) unless such settlement, compromise or consent includes an unconditional release of each indemnified party from all
liability arising out of such claim, action, suit or proceeding and does not include any statements as to or any findings of fault, culpability or failure to act by or on behalf of any indemnified party. 

(d) In the event that the indemnity provided in paragraph (a) or (b) of this Section 6 is unavailable to or
insufficient to hold harmless an indemnified party for any reason, then each applicable indemnifying party shall contribute to the aggregate losses, claims, damages and liabilities (including legal or other expenses reasonably incurred in connection
with investigating or defending same) (collectively “Losses”) to which such indemnified party may be subject in such proportion as is appropriate to reflect the relative benefits received by such indemnifying party, on the one hand, and
such indemnified party, on the other hand, from the Initial Purchase and the Registration Statement which resulted in such Losses; provided, however, that in no case shall the Initial Purchasers be responsible, in the aggregate, for
any amount in excess of the purchase discount or commission applicable to such Notes, or in the case of New Notes, applicable to the Notes that were exchangeable into such New Notes, nor shall any Holder be responsible, in the aggregate for any
amount in excess of the amount by which the total price at which Registrable Notes were sold by such Holder exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of any untrue or alleged untrue statement or
omission or alleged omission which resulted in such Losses, nor shall any underwriter be responsible for any amount in excess of the underwriting discount or commission applicable to the securities purchased by such underwriter under the
Registration Statement which resulted in such Losses. If the allocation provided by the immediately preceding sentence is unavailable for any reason, the indemnifying party and the indemnified party shall contribute in such proportion as is
appropriate to reflect not only such relative benefits but also the relative fault of such indemnifying party, on the one hand, and such indemnified party, on the other hand, in connection with the statements or omissions which resulted in such
Losses as well as any other relevant equitable considerations. Benefits received by the Company shall be deemed to be equal to the sum of (i) the total net proceeds from the Initial Purchase (before deducting expenses) as set forth on the cover
page of the Final Memorandum and (ii) the total amount of additional interest which the Company was not required to pay as a result of registering the securities covered by the Registration Statement which resulted in such Losses. Benefits
received by the Initial Purchasers shall be deemed to be equal to the total purchase discounts and commissions less any expenses reimbursed pursuant to Section 6 of the Purchase Agreement, and benefits received by any other Holders shall be
deemed to be equal to the value of receiving Notes or New Notes, as applicable, registered under the Act. Benefits received by any underwriter shall be deemed to be equal to the total underwriting discounts and commissions, as set forth on the cover
page of the Prospectus forming a part of the Registration Statement which resulted in such Losses. Relative fault shall be determined by reference to, among other things, whether any untrue or any alleged untrue statement of a material fact or
omission or alleged omission to state a material fact relates to information provided by the indemnifying party, on the 

  
 18 

 
one hand, or by the indemnified party, on the other hand, the intent of the parties and their relative knowledge, access to information and opportunity to correct or prevent such untrue statement
or omission. The parties agree that it would not be just and equitable if contribution were determined by pro rata allocation (even if the Holders were treated as one entity for such purpose) or any other method of allocation which does not take
account of the equitable considerations referred to above. Notwithstanding the provisions of this Section 6, in no event shall a Holder be required to contribute any amount in excess of the amount by which the total price at which the Notes or
New Notes sold by such Holder exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. Furthermore, notwithstanding the provisions of
this Section 6, no person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. For purposes of
this Section, each person who controls a Holder within the meaning of either the Act or the Exchange Act and each director, officer, employee and agent of such Holder shall have the same rights to contribution as such Holder, and each person who
controls the Company within the meaning of either the Act or the Exchange Act, each officer of the Company who shall have signed the Registration Statement and each director of the Company shall have the same rights to contribution as the Company,
subject in each case to the applicable terms and conditions of this Section 6. 
 (e) The provisions of this Section 6
will remain in full force and effect, regardless of any investigation made by or on behalf of any Holder or the Company or any of the officers, directors or controlling persons referred to in this Section 6, and will survive the sale by a
Holder of securities covered by a Registration Statement. 
 7. Underwritten Registrations. (a) If any series of the
Notes or New Notes, as the case may be, covered by any Shelf Registration Statement are to be sold in an underwritten offering, the Managing Underwriters shall be selected by the Majority Holders of such series. 

(b) No person may participate in any underwritten offering pursuant to any Shelf Registration Statement, unless such person
(i) agrees to sell such person’s Notes or New Notes, as the case may be, on the basis reasonably provided in any underwriting arrangements approved by the persons entitled hereunder to approve such arrangements and (ii) completes and
executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements. 

8. Registration Defaults. If any of the following events shall occur, then the Company shall pay liquidated damages (the
“Registration Default Damages”) to the Holders of the applicable series of Notes in respect of such Notes as follows: 
 (a) if on or prior to the 270th day following the Closing Date, neither the Registered Exchange Offer has been completed nor the Shelf Registration Statement has been declared effective, in each case with
respect to the applicable series of Notes, then Registration Default Damages shall accrue on the Registrable Notes of such series at a rate of 0.25% per annum and shall be payable in accordance with the interest payment provisions of such
Notes; or 
 (b) if any Registration Statement required by this Agreement has been declared effective but ceases
to be effective at any time at which it is required to be effective under this Agreement, then commencing on the day the Registration Statement ceases to be effective, Registration Default Damages shall accrue on the Registrable Notes of the
applicable series at a rate of 0.25% per annum and shall be payable in accordance with the interest payment provisions of such Notes; 

  
 19 

 provided, however, that (i) upon completion of the Registered Exchange Offer or the
effectiveness of the Shelf Registration Statement (in the case of paragraph (a) above), or (ii) upon the effectiveness of the Registration Statement which had ceased to remain effective (in the case of paragraph (b) above),
Registration Default Damages shall cease to accrue. 
 9. No Inconsistent Agreements. The Company has not entered into,
and agrees not to enter into, any agreement with respect to its securities that is inconsistent with the rights granted to the Holders herein or that otherwise conflicts with the provisions hereof. 

10. Amendments and Waivers. With respect to any series of Notes, the provisions of this Agreement may not be amended, qualified,
modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given, unless the Company has obtained the written consent of the Holders of a majority of the aggregate principal amount of the Registrable Notes
of such series outstanding; provided that, with respect to any matter that directly or indirectly affects the rights of the Initial Purchasers hereunder, the Company shall obtain the written consent of the Initial Purchasers against which
such amendment, qualification, supplement, waiver or consent is to be effective; provided further, that no amendment, qualification, supplement, waiver or consent with respect to Section 8 hereof shall be effective as against any Holder
of Registrable Notes unless consented to in writing by such Holder; and provided further that the provisions of this Section 10 may not be amended, qualified, modified or supplemented, and waivers or consents to departures from the
provisions hereof may not be given with respect to the Holders of a series of Notes, unless the Company has obtained the written consent of the Initial Purchasers and each Holder of Notes of such series. Notwithstanding the foregoing (except the
foregoing provisos), a waiver or consent to departure from the provisions hereof with respect to a matter that relates exclusively to the rights of Holders whose Notes or New Notes, as the case may be, are being sold pursuant to a Registration
Statement and that does not directly or indirectly affect the rights of other Holders may be given by the Majority Holders, determined on the basis of Notes or New Notes, as the case may be, being sold rather than registered under such Registration
Statement. 
 11. Notices. All notices and other communications provided for or permitted hereunder shall be made in
writing by hand-delivery, first-class mail, telex, telecopier or air courier guaranteeing overnight delivery: 

(a) if to a Holder, at the most current address given by such Holder to the Company in accordance with the provisions of
this Section 11, which address initially is, with respect to each Holder, the address of such Holder maintained by the registrar under the applicable Indenture; 

  
 20 

 (b) if to the Initial Purchasers, initially at the address or addresses set
forth in the Purchase Agreement; and 
 (c) if to the Company, initially at its address set forth in the Purchase
Agreement. 
 All such notices and communications shall be deemed to have been duly given when received. 

The Initial Purchasers or the Company by notice to the other parties may designate additional or different addresses for subsequent
notices or communications. 
 12. Remedies. Each Holder, in addition to being entitled to exercise all rights provided to
it herein, in the applicable Indenture or, in the case of a Holder who is an Initial Purchaser, in the Purchase Agreement or granted by law, including recovery of liquidated or other damages, will be entitled to specific performance of its rights
under this Agreement. The Company agrees that monetary damages would not be adequate compensation for any loss incurred by reason of a breach by it of the provisions of this Agreement and hereby agrees to waive in any action for specific performance
the defense that a remedy at law would be adequate. 
 13. Successors. This Agreement shall inure to the benefit of and
be binding upon the parties hereto and their respective successors and assigns, including, without the need for an express assignment or any consent by the Company thereto, subsequent Holders of Notes and the New Notes. The Company hereby agrees to
extend the benefits of this Agreement to any Holder of Notes and the New Notes, and any such Holder may specifically enforce the provisions of this Agreement as if an original party hereto. 

14. Jurisdiction. Each of the parties hereto agrees that any suit, action or proceeding arising out of or based upon this
Agreement or the transactions contemplated hereby may be instituted in any State or U.S. federal court in The City of New York and County of New York, and waives any objection which it may now or hereafter have to the laying of venue of any such
proceeding, and irrevocably submits to the jurisdiction of such courts in any suit, action or proceeding. Each of the parties hereto expressly waives the right to the jurisdiction of any other courts by reason of their present or future domicile or
by any other reason. The Company hereby appoints C T Corporation, 111 Eighth Avenue, New York, New York 10011, as its authorized agent (the “Authorized Agent”) upon whom process may be served in any suit, action or proceeding arising out
of or based upon this Agreement or the transactions contemplated herein which may be instituted in any State or U.S. federal court in The City of New York and County of New York, by any Holder or the Initial Purchasers, the directors, officers,
employees and agents of any Holder or the Initial Purchasers, or by any person who controls any Holder or the Initial Purchasers, and expressly accepts the jurisdiction of any such court in respect of any such suit, action or proceeding. The Company
hereby represents and warrants that the Authorized Agent has accepted such appointment and has agreed to act as said agent for service of process, and the Company agrees to take any and all action, including the filing of any and all documents that
may be necessary to continue such appointment in full force and effect as aforesaid. Service of process upon the Authorized Agent shall be deemed, in every respect, effective service of 

  
 21 

 
process upon the Company. The Company further agrees to take any and all action, including the execution and filing of any and all such documents and instruments, as may be necessary to continue
such designation and appointment in full force and effect so long as any of the Notes shall be outstanding. To the extent that the Company may acquire any immunity from jurisdiction of any court or from any legal process (whether through service of
notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) with respect to itself or its property, it hereby irrevocably waives such immunity in respect of this Agreement, to the fullest extent permitted by law.

 15. Judgment Currency. If for the purposes of obtaining judgment in any court it is necessary to convert a sum due
hereunder into any currency other than U.S. dollars, the parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Initial
Purchasers could purchase U.S. dollars with such other currency in The City of New York on the business day preceding that on which final judgment is given. The obligations of the Company in respect of any sum due from it to any Initial Purchaser
shall, notwithstanding any judgment in any currency other than U.S. dollars, not be discharged until the first business day, following receipt by such Initial Purchaser of any sum adjudged to be so due in such other currency, on which (and only to
the extent that) such Initial Purchaser may in accordance with normal banking procedures purchase U.S. dollars with such other currency; if the U.S. dollars so purchased are less than the sum originally due to such Initial Purchaser hereunder, the
Company agrees, as a separate obligation and notwithstanding any such judgment, to indemnify such Initial Purchaser against such loss. If the U.S. dollars so purchased are greater than the sum originally due to such Initial Purchaser hereunder, such
Initial Purchaser agrees to pay to the Company an amount equal to the excess of the U.S. dollars so purchased over the sum originally due to such Initial Purchaser hereunder. 
 16. Waiver of Immunity. To the extent that the Company has or hereafter may acquire any immunity (sovereign or otherwise) from any legal action, suit or proceeding, from jurisdiction of any court
or from set-off or any legal process (whether service or notice, attachment in aid or otherwise) with respect to itself or any of its property, the Company hereby irrevocably waives and agrees not to plead or claim such immunity in respect of its
obligations under this Agreement. 
 17. Third Party Beneficiary. The Holders shall be third party beneficiaries to the
agreements made hereunder between the Company, on the one hand, and the Initial Purchasers, on the other hand, and shall have the right to enforce such agreements directly to the extent they deem such enforcement necessary or advisable to protect
their rights or the rights of Holders hereunder. 
 18. Counterparts. This Agreement may be signed in one or more
counterparts, each of which shall constitute an original and all of which together shall constitute one and the same agreement. Delivery of an executed counterpart by facsimile or electronic .pdf shall be effective as delivery of a manually executed
counterpart. 
 19. Headings. The section headings used herein are for convenience only and shall not affect the
construction hereof. 

  
 22 

 20. Applicable Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK. 
 21. Severability. In the event that any one of more of the provisions
contained herein, or the application thereof in any circumstances, is held invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining
provisions hereof shall not be in any way impaired or affected thereby, it being intended that all of the rights and privileges of the parties shall be enforceable to the fullest extent permitted by law. 

22. Notes Held by the Company, etc. Whenever the consent or approval of Holders of a specified percentage of principal amount of
Notes or New Notes is required hereunder, Notes or New Notes, as applicable, held by the Company or its Affiliates (other than subsequent Holders of Notes or New Notes if such subsequent Holders are deemed to be Affiliates solely by reason of their
holdings of such Notes or New Notes) shall not be counted in determining whether such consent or approval was given by the Holders of such required percentage. 
 [Remainder of page intentionally left blank] 

  
 23 

 If the foregoing is in accordance with your understanding of our agreement, please sign and
return to us the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a binding agreement between the Company and the Initial Purchasers. 

 

					
	Very truly yours,
	
	Kansas City Southern de México, S.A. de C.V.
		
	By:	 	 /s/ Rodrigo Flores

		 	Name:	 	Rodrigo Flores
		 	Title:	 	Attorney-in-fact

 [Signature page to KCSM Registration Rights Agreement] 

					
	The foregoing Agreement is hereby confirmed and accepted as of the date first above written.
	
	J.P. Morgan Securities LLC
	 Merrill Lynch, Pierce, Fenner & Smith
   Incorporated

	
	Morgan Stanley & Co. LLC
	
	Acting severally on behalf of themselves and the several Initial Purchasers.
		
	By:	 	J.P. Morgan Securities LLC
		
	By:	 	 /s/ Maria Sramek

		 	Name:	 	Maria Sramek
		 	Title:	 	Executive Director
		
	By:	 	 Merrill Lynch, Pierce, Fenner & Smith
   Incorporated

		
	By:	 	 /s/ Jay Johnston

		 	Name:	 	Jay Johnston
		 	Title:	 	Managing Director
		
	By:	 	Morgan Stanley & Co. LLC
		
	By:	 	 /s/ Yurij Slyz

		 	Name:	 	Yurij Slyz
		 	Title:	 	Executive Director

 [Signature page to KCSM Registration Rights Agreement] 

 ANNEX A 
 Each broker-dealer that receives new securities for its own account pursuant to the Exchange Offer must acknowledge that it will deliver a prospectus in connection with any resale of such new securities.
The Letter of Transmittal states that by so acknowledging and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an “underwriter” within the meaning of the Act. This prospectus, as it may be amended or
supplemented from time to time, may be used by a broker-dealer in connection with resales of new securities received in exchange for securities where such securities were acquired by such broker-dealer as a result of market-making activities or
other trading activities. The company has agreed that, starting on the expiration date and ending on the close of business 180 days after the expiration date, it will make this prospectus available to any broker-dealer for use in connection with any
such resale. See “Plan of Distribution”. 
 Registration Rights Agreement 

 ANNEX B 
 Each broker-dealer that receives new securities for its own account in exchange for securities, where such securities were acquired by such broker-dealer as a result of market-making activities or other
trading activities, must acknowledge that it will deliver a prospectus in connection with any resale of such new securities. See “Plan of Distribution”. 
 Registration Rights Agreement 

 ANNEX C 
 PLAN OF DISTRIBUTION 
 Each broker-dealer that receives new securities for
its own account pursuant to the Exchange Offer must acknowledge that it will deliver a prospectus in connection with any resale of such new securities. This prospectus, as it may be amended or supplemented from time to time, may be used by a
broker-dealer in connection with resales of new securities received in exchange for securities where such securities were acquired as a result of market-making activities or other trading activities. The company has agreed that, starting on the
expiration date and ending on the close of business 180 days after the expiration date, it will make this prospectus, as amended or supplemented, available to any broker-dealer for use in connection with any such resale. 

The company will not receive any proceeds from any sale of new securities by brokers-dealers. New securities received by broker-dealers
for their own account pursuant to the Exchange Offer may be sold from time to time in one or more transactions in the over-the-counter market, in negotiated transactions, through the writing of options on the new securities or a combination of such
methods of resale, at market prices prevailing at the time of resale, at prices related to such prevailing market prices or negotiated prices. Any such resale may be made directly to purchasers or to or through brokers or dealers who may receive
compensation in the form of commissions or concessions from any such broker-dealer and/or the purchasers of any such new securities. Any broker-dealer that resells new securities that were received by it for its own account pursuant to the Exchange
Offer and any broker or dealer that participates in a distribution of such new securities may be deemed to be an “underwriter” within the meaning of the Act and any profit of any such resale of new securities and any commissions or
concessions received by any such persons may be deemed to be underwriting compensation under the Act. The Letter of Transmittal states that by acknowledging that it will deliver and by delivering a prospectus, a broker-dealer will not be deemed to
admit that it is an “underwriter” within the meaning of the Act. 
 For a period of 180 days after the expiration
date, the company will promptly send additional copies of this prospectus and any amendment or supplement to this prospectus to any broker-dealer that requests such documents in the Letter of Transmittal. The company has agreed to pay all expenses
incident to the Exchange offer (including the expenses of one counsel for the holder of the securities) other than commissions or concessions of any brokers or dealers and will indemnify the holders of the securities (including any broker-dealers)
against certain liabilities, including liabilities under the Act. 
 [If applicable, add information required by
Regulation S-K Items 507 and/or 508.] 
 Registration Rights Agreement 

 ANNEX D 
 Rider A 
 PLEASE FILL IN YOUR NAME AND ADDRESS BELOW IF YOU ARE A BROKER-DEALER AND WISH TO
RECEIVE 10 ADDITIONAL COPIES OF THE PROSPECTUS AND 10 COPIES OF ANY AMENDMENTS OR SUPPLEMENTS THERETO. 
  

			
	Name:	 	  

		
	Address:	 	  

		
		 	  

 Rider B 

If the undersigned is not a Broker-Dealer, the undersigned represents that it acquired the New Notes in the ordinary course of its business, it is not
engaged in, and does not intend to engage in, a distribution of New Notes and it has no arrangements or understandings with any person to participate in a distribution of the New Notes nor will it have any such arrangements or understandings upon
consummation of the Exchange Offer. If the undersigned is a Broker-Dealer that will receive New Notes for its own account in exchange for Notes, it represents that the Notes to be exchanged for New Notes were acquired by it as a result of
market-making activities or other trading activities and acknowledges that it will deliver a prospectus in connection with any resale of such New Notes; however, by so acknowledging and by delivering a prospectus, the undersigned will not be deemed
to admit that it is an “underwriter” within the meaning of the Act. 
 Registration Rights AgreementEX-4.4

 Exhibit 4.4 
 FIRST SUPPLEMENTAL INDENTURE 
 FIRST SUPPLEMENTAL INDENTURE (this
“First Supplemental Indenture”) dated as of April 23, 2013 (the “Effective Date”), between KANSAS CITY SOUTHERN DE MÉXICO, S.A. DE C.V., a variable capital corporation (sociedad anónima de
capital variable) organized under the laws of Mexico (the “Company”), and U.S. BANK NATIONAL ASSOCIATION (the “Trustee”), as trustee under the indenture referred to below. 

WITNESSETH: 

WHEREAS, the Company has heretofore executed and delivered to the Trustee an indenture (the “Indenture”) dated as of
January 22, 2010, providing for the issuance of 8% Senior Notes due 2018 (the “Notes”); 
 WHEREAS,
Section 9.02 of the Indenture provides that, with the written consent of the Holders of a majority in aggregate principal amount of the outstanding Notes, the Company and the Trustee may amend the Indenture; 

WHEREAS, pursuant to an Offer to Purchase and Consent Solicitation Statement dated April 10, 2013 (the “Offer to
Purchase”), the Company offered to purchase (the “Tender Offer”) all outstanding Notes and solicited consents to the amendments to the Indenture described herein (the “Amendments”); 

WHEREAS, Holders of a majority in aggregate principal amount of the outstanding Notes have consented to the Amendments by tendering and
not withdrawing their Notes and by delivering the related consents pursuant to the terms of the Offer to Purchase, as evidenced by a certificate of D.F. King & Co., Inc. of even date hereof; 

WHEREAS, the Company and the Trustee are entering into this First Supplemental Indenture in order to set forth the Amendments; and

 WHEREAS, this First Supplemental Indenture has been duly authorized by all necessary corporate action on the part of the
Company and the Trustee. 
 NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the
receipt of which is hereby acknowledged, the Company and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders as follows: 
 ARTICLE I 
 AMENDMENT OF THE INDENTURE 

1.01. Amendments to Defined Terms in the Indenture. Any defined term appearing in Section 1.01 of the Indenture, and all
references thereto, that is used solely in the sections, subsections or provisions of the Indenture deleted from the Indenture by virtue of Section 1.02 of this First Supplemental Indenture shall be deleted in its entirety from
Section 1.01 of the Indenture and from any other section, subsection or provision of the Indenture or the Notes in which such defined term may appear. 
 1.02. Amendments to the Indenture. Effective as of the Effective Date, the Indenture is amended as set forth herein. 

 (a) The lead in to the first paragraph of SECTION 3.01 of the Indenture is hereby deleted in
its entirety and replaced in lieu thereof with the following: 
 “SECTION 3.01 Optional Redemption. The Notes will
be redeemable, at the Company’s option, in whole at any time or in part from time to time, on or after February 1, 2014 and prior to maturity, upon not less than 3 nor more than 60 days’ prior notice mailed by first class mail to each
Holder’s last address as it appears in the Note Register, at the following Redemption Prices (expressed in percentages of principal amount), plus accrued and unpaid interest, liquidated damages, if any, and any Additional Amounts (as defined in
Section 4.20) to the Redemption Date (subject to the right of Holders of record on the relevant Regular Record Date that is at or prior to the Redemption Date to receive interest due on an Interest Payment Date), if redeemed during the 12-month
period commencing February 1 of the years set forth below:” 
 (b) SECTION 3.03 of the Indenture is hereby deleted in
its entirety and replaced in lieu thereof with the following: 
 “SECTION 3.03 Notices to Trustee. If the Company
elects to redeem Notes pursuant to Section 3.01 or 3.02, it shall notify the Trustee in writing of the Redemption Date. The Company shall give each notice provided for in this Section 3.03 in an Officers’ Certificate at least 4 days
before the Redemption Date (unless a shorter period shall be satisfactory to the Trustee).” 
 (c) The first paragraph of
SECTION 3.06 of the Indenture is hereby deleted in its entirety and replaced in lieu thereof with the following: 

“SECTION 3.06 Notice of Redemption. With respect to any redemption of Notes pursuant to Section 3.01, at least 3 days
but not more than 60 days before a Redemption Date, and with respect to any redemption of Notes pursuant to Section 3.02, at least six days before the Redemption Date, the Company shall mail a notice of redemption by first class mail to each
Holder whose Notes are to be redeemed.” 
 (d) The last paragraph of SECTION 3.06 of the Indenture is hereby deleted in its
entirety and replaced in lieu thereof with the following: 
 “At the Company’s request (which request may be revoked
by the Company at any time prior to the time at which the Trustee shall have given such notice to the Holders), made in writing to the Trustee at least 4 days (or such shorter period as shall be satisfactory to the Trustee) before a Redemption Date,
the Trustee shall give the notice of redemption in the name and at the expense of the Company. If, however, the Company gives such notice to the Holders, the Company shall concurrently deliver to the Trustee an Officers’ Certificate stating
that such notice has been given.” 
 (e) Each of the following Sections of the Indenture is hereby deleted in its entirety
and replaced in lieu thereof with the words “[Eliminated in its entirety]”: 
 SECTION 4.03
Limitation on Indebtedness. 
 SECTION 4.04 Limitation on Restricted Payments. 

SECTION 4.05 Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries.

 SECTION 4.06 Limitation on the Issuance and Sale of Capital Stock of Restricted Subsidiaries.

 SECTION 4.07 Limitation on Issuances of Guarantees by Restricted Subsidiaries. 

SECTION 4.08 Limitation on Transactions with Stockholders and Affiliates. 

  
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 SECTION 4.09 Limitation on Liens. 

SECTION 4.10 Limitation on Sale-Leaseback Transactions. 

SECTION 4.13 Existence. 
 SECTION 4.14 Payment of Taxes and Other Claims. 

SECTION 4.15 Maintenance of Properties and Insurance. 

SECTION 4.16 Notice of Defaults. 
 SECTION 4.19 Waiver of Stay, Extension or Usury Laws. 

SECTION 4.21 Comisión Nacional Bancaria y de Valores. 

(f) SECTION 4.17 of the Indenture is hereby deleted in its entirety and replaced in lieu thereof with the following: 

“SECTION 4.17 Compliance Certificates. The Company shall comply with Section 314(a)(4) of the TIA to the extent
applicable.” 
 (g) SECTION 4.18 of the Indenture is hereby deleted in its entirety and replaced in lieu thereof with the
following: 
 “SECTION 4.18 Commission Reports and Reports to Holders. The Company shall comply with
Section 314(a) of the TIA to the extent applicable.” 
 (h) SECTION 5.01 of the Indenture is hereby deleted in its
entirety and replaced in lieu thereof with the following: 
 “SECTION 5.01 When Company May Merge, Etc. The Company
will not consolidate with, merge with or into, or sell, convey, transfer, lease or otherwise dispose of all or substantially all of its property and assets (as an entirety or substantially an entirety in one transaction or a series of related
transactions) to, any Person or permit any Person to merge with or into the Company unless: (i) the Company shall be the continuing Person, or the Person (if other than the Company) formed by such consolidation or into which the Company is
merged or that acquired or leased such property and assets of the Company shall be a corporation organized and validly existing under the laws of Mexico (including, without limitation, a sociedad responsabilidad limitada), the United States of
America or any jurisdiction of either such country and shall expressly assume, by a supplemental indenture, executed and delivered to the Trustee, all of the obligations of the Company on all of the Notes and under this Indenture;
(ii) immediately after giving effect to such transaction, no Default or Event of Default shall have occurred and be continuing; and (iii) the Company delivers to the Trustee an Officers’ Certificate and an Opinion of Counsel, in each
case stating that such consolidation, merger or transfer and such supplemental indenture complies with this provision and that all conditions precedent provided for herein relating to such transaction have been complied with; provided, however, that
any such transaction shall not have as one of its purposes the evasion of the foregoing limitations.” 
 (i) Each of
SECTIONS 6.01(d), (e), (g), (h), (i) and (j) of the Indenture is hereby deleted in its entirety and replaced in lieu thereof with the words “[Eliminated in its entirety]”. 

  
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 (j) Each of SECTIONS 8.02(C), (D) and (E) of the Indenture is hereby deleted in
its entirety and replaced in lieu thereof with the words “[Eliminated in its entirety]”. 
 (k) The lead in to the
first paragraph of SECTION 8.03 of the Indenture is hereby deleted in its entirety and replaced in lieu thereof with the following: 
 “SECTION 8.03 Defeasance of Certain Obligations. The Company may omit to comply with any term, provision or condition set forth in Sections 4.11 and 4.12, in each case with respect to the
outstanding Notes, if:” 
 (l) Each of SECTIONS 8.03(iii), (iv) and (v) of the Indenture is hereby deleted in its
entirety and replaced in lieu thereof with the words “[Eliminated in its entirety]”. 
 (m) SECTION 9.03 of the
Indenture is hereby deleted in its entirety and replaced in lieu thereof with the following: 
 “SECTION 9.03 Revocation
and Effect of Consent. Until an amendment or waiver becomes effective, a consent to it by a Holder is a continuing consent by the Holder and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the Note of the
consenting Holder, even if notation of the consent is not made on any Note. An amendment, supplement or waiver shall become effective on receipt by the Trustee of written consents from the Holders of the requisite percentage in principal amount of
the outstanding Notes. 
 The Company may, but shall not be obligated to, fix a record date for the purpose of determining the
Holders entitled to consent to any amendment, supplement or waiver. If a record date is fixed, then, notwithstanding the last sentence of the immediately preceding paragraph, those persons who were Holders at such record date (or their duly
designated proxies) and only those persons shall be entitled to consent to such amendment, supplement or waiver, whether or not such persons continue to be Holders after such record date. No such consent shall be valid or effective for more than 90
days after such record date. 
 After an amendment, supplement or waiver becomes effective, it shall bind every Holder unless it
is of the type described in any of clauses (i) through (iv) of Section 9.02. In case of an amendment or waiver of the type described in clauses (i) through (iv) of Section 9.02, the amendment or waiver shall bind each
Holder who has consented to it and every subsequent Holder of a Note that evidences the same indebtedness as the Note of the consenting Holder.” 
 ARTICLE II 
 MISCELLANEOUS 

2.01. Ratification of Indenture, Supplemental Indentures Part of Indenture. Except as expressly amended hereby, the Indenture is
in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. Upon the execution and delivery of this First Supplemental Indenture by the Company and the Trustee, the Indenture
shall be supplemented in accordance herewith. This First Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby, and the
respective rights, limitation of rights, obligations, duties and immunities under the Indenture of the Company and the Trustee, and the Holders of the Notes shall thereafter be determined, exercised and enforced thereunder, subject in all respects
to such modifications and amendments, and all the terms and conditions of this First Supplemental Indenture shall be deemed to be part of the terms and conditions of the Indenture and the Notes theretofore issued for any and all purposes.

  
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 2.02. Governing Law; Submission to Jurisdiction; Agent for Service. This First
Supplemental Indenture will be governed by the laws of the State of New York. Each of the parties hereto hereby submits to the jurisdiction of the U.S. federal and New York state courts located in the Borough of Manhattan, City and State of New York
for purposes of all legal actions and proceedings instituted in connection with this First Supplemental Indenture, and the Company hereby waives any objection which it may now have or hereafter have to the laying of venue of any such action or
proceeding and any right to which it may be entitled on account of place of residence or domicile. 
 2.03. Trustee
Acceptance. The Trustee accepts the amendment of the Indenture effected by this First Supplemental Indenture, but only upon the terms and conditions set forth in the Indenture, as hereby amended, including the terms and provisions defining and
limiting the liabilities and responsibilities of the Trustee in the performance of its duties and obligations under the Indenture, as hereby amended. Without limiting the generality of the foregoing, the Trustee has no responsibility for the
correctness of the recitals of fact herein contained which shall be taken as the statements of the Company, and makes no representations as to the validity or sufficiency of this First Supplemental Indenture. 

2.04. Severability Clause. In case any provision of this First Supplemental Indenture shall be invalid, illegal or unenforceable,
the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

2.05. Counterparts. The parties may sign any number of copies of this First Supplemental Indenture. Each signed copy shall be an
original, but all of them together represent the same agreement. 
 2.06. Definitions, Effect of Headings. All
capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Indenture. The section headings herein are for convenience only and shall not effect the construction thereof. 

2.07. Effectiveness of First Supplemental Indenture. This First Supplemental Indenture shall become effective upon execution
hereof by all parties hereto. All of the provisions of this First Supplemental Indenture other than Article I hereof will become operative on, and simultaneously with, the time that this First Supplemental Indenture becomes effective. Article I of
this First Supplemental Indenture will become operative upon, and simultaneously with, and shall have no force or effect prior to the purchase by the Company (the “Purchase Date”) of a majority in aggregate principal amount of Notes
then outstanding pursuant to the Tender Offer. 
 2.08. Termination. Prior to the Purchase Date, the Company may
terminate this First Supplemental Indenture upon written notice to the Trustee. 
 [signature page follows] 

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

					
	KANSAS CITY SOUTHERN DE MÉXICO, S.A. DE C.V.
		
	By:	 	 /s/ Michael W. Upchurch

		 	Name:	 	Michael W. Upchurch
		 	Title:	 	Chief Financial Officer and Attorney-in-fact
		
	By:	 	 /s/ Michael W. Cline

		 	Name:	 	Michael W. Cline
		 	Title:	 	Treasurer and Attorney-in-fact

  
 Signature
Page – KCSM First Supplemental Indenture – 8% Senior Notes 

 
					
	 U.S. BANK NATIONAL ASSOCIATION,
 as Trustee

		
	By:	 	 /s/ Kathy L. Mitchell

		 	Name:	 	Kathy L. Mitchell
		 	Title:	 	Vice President

  
 Signature
Page – KCSM First Supplemental Indenture – 8% Senior Notes

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