Common use of DEFINITIONS AND INCORPORATION Clause in Contracts

DEFINITIONS AND INCORPORATION. BY REFERENCE Section 1.01 Definitions 1 Section 1.02 Other Definitions 43 Section 1.03 Incorporation by Reference of Trust Indenture Act 44 Section 1.04 Rules of Construction 44 ARTICLE 2 THE NOTES Section 2.01 Form and Dating 44 Section 2.02 Execution and Authentication 46 Section 2.03 Registrar and Paying Agent 46 Section 2.04 Paying Agent to Hold Money in Trust 47 Section 2.05 Holder Lists 47 Section 2.06 Transfer and Exchange 47 Section 2.07 Replacement Notes 59 Section 2.08 Outstanding Notes 59 Section 2.09 Treasury Notes 60 Section 2.10 Temporary Notes 60 Section 2.11 Cancellation 60 Section 2.12 Defaulted Interest 60 Section 2.13 Issuance of Additional Notes 61 Section 2.14 Method of Submission 61 Section 2.15 Trustee’s Duty to Monitor 61 ARTICLE 3 REDEMPTION AND PREPAYMENT Section 3.01 Notices to Trustee 61 Section 3.02 Selection of Notes to Be Redeemed or Purchased 62 Section 3.03 Notice of Redemption 62 Section 3.04 Effect of Notice of Redemption 63 Section 3.05 Deposit of Redemption or Purchase Price 64 Section 3.06 Notes Redeemed or Purchased in Part 64 Section 3.07 Optional Redemption 64 Section 3.08 Mandatory Redemption 65 Section 3.09 Gaming Redemption 65 ARTICLE 4 COVENANTS Section 4.01 Payment of Notes 66 Section 4.02 Maintenance of Office or Agency 66 Section 4.03 Reports 66 Section 4.04 Compliance Certificate 67 Section 4.05 Stay, Extension and Usury Laws 68 Section 4.06 Restricted Payments 68 Section 4.07 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 72 Page Section 4.08 Incurrence of Indebtedness 75 Section 4.09 Asset Sales 80 Section 4.10 Transactions with Affiliates 82 Section 4.11 Liens 84 Section 4.12 Corporate Existence 85 Section 4.13 Offer to Repurchase Upon Change of Control 85 Section 4.14 Limitation on Issuances of Guarantees by Subsidiary Guarantors 86 Section 4.15 Fall-Away Event 87 Section 4.16 Restrictions on Activities of the Co-Issuer 87 Section 4.17 Master Lease 87 Section 4.18 Future Guarantors 87 ARTICLE 5

DEFINITIONS AND INCORPORATION. BY REFERENCE Section 1.01 Definitions 1 Section 1.02 Other Definitions 43 41 Section 1.03 Incorporation by Reference of Trust Indenture Act 44 Section 1.04 Rules of Construction 44 42 Section 1.04 Luxembourg terms 43 ARTICLE 2 THE NOTES Section 2.01 Form and Dating 44 Section 2.02 Execution and Authentication 46 44 Section 2.03 Registrar and Paying Agent 46 45 Section 2.04 Paying Agent to Hold Money in Trust 47 45 Section 2.05 Holder Lists 47 46 Section 2.06 Transfer and Exchange 47 46 Section 2.07 Replacement Notes 59 58 Section 2.08 Outstanding Notes 59 58 Section 2.09 Treasury Notes 60 58 Section 2.10 Temporary Notes 60 58 Section 2.11 Cancellation 60 59 Section 2.12 Defaulted Interest 60 59 Section 2.13 Issuance of Additional Notes 61 Section 2.14 Method of Submission 61 Section 2.15 Trustee’s Duty to Monitor 61 CUSIP Numbers 59 ARTICLE 3 REDEMPTION AND PREPAYMENT Section 3.01 Notices to Trustee 61 59 Section 3.02 Selection of Notes to Be Redeemed or Purchased 62 60 Section 3.03 Notice of Redemption 62 60 Section 3.04 Effect of Notice of Redemption 63 61 Section 3.05 Deposit of Redemption or Purchase Price 64 61 Section 3.06 Notes Redeemed or Purchased in Part 64 62 Section 3.07 Optional Redemption 64 62 Section 3.08 Mandatory Redemption 65 63 Section 3.09 Gaming Redemption 65 Offer to Repurchase by Application of Excess Proceeds of Asset Sales 63 ARTICLE 4 COVENANTS Section 4.01 Payment of Notes 66 65 Section 4.02 Maintenance of Office or Agency 66 65 Section 4.03 Reports 66 65 Section 4.04 Compliance Certificate 67 Section 4.05 Taxes 68 Section 4.06 Stay, Extension and Usury Laws 68 Section 4.06 4.07 Restricted Payments 68 Section 4.07 4.08 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 72 Page 73 Section 4.08 4.09 Incurrence of Indebtedness and Issuance of Preferred Stock 75 Section 4.09 4.10 Asset Sales 80 Section 4.10 4.11 Transactions with Affiliates 82 Section 4.11 Liens 84 83 Section 4.12 Liens 85 Section 4.13 Corporate Existence 85 Section 4.13 4.14 Offer to Repurchase Upon Change of Control 85 Section 4.14 Limitation on Issuances of Guarantees by Subsidiary Guarantors 86 Section 4.15 Fall-Away Event Limited Condition Transactions 87 Section 4.16 Restrictions on Activities of the Co-Issuer Additional Note Guarantees 87 Section 4.17 Master Lease 87 Designation of Restricted and Unrestricted Subsidiaries 88 Section 4.18 Future Guarantors 87 Changes in Covenants when Notes are Rated Investment Grade 89 Section 4.19 After-Acquired Collateral 90 Section 4.20 Further Assurances 91 Section 4.21 Post-Closing Covenants 91 ARTICLE 5

DEFINITIONS AND INCORPORATION. BY REFERENCE Section 1.01 Definitions 1 Section 1.02 Other Definitions 43 47 Section 1.03 Incorporation by Reference Inapplicability of Trust Indenture Act 44 48 Section 1.04 Rules of Construction 44 48 ARTICLE 2 2. THE NOTES Section 2.01 Form and Dating 44 48 Section 2.02 Execution and Authentication 46 49 Section 2.03 Registrar and Paying Agent 46 50 Section 2.04 Paying Agent to Hold Money in Trust 47 50 Section 2.05 Holder Lists 47 50 Section 2.06 Transfer and Exchange 47 50 Section 2.07 Replacement Notes 59 63 Section 2.08 Outstanding Notes 59 64 Section 2.09 Treasury Notes 60 64 Section 2.10 Temporary Notes 60 64 Section 2.11 Cancellation 60 65 Section 2.12 Defaulted Interest 60 65 Section 2.13 Issuance of Additional Notes 61 Section 2.14 Method of Submission 61 Section 2.15 Trustee’s Duty to Monitor 61 CUSIP or ISIN Numbers 65 ARTICLE 3 3. REDEMPTION AND PREPAYMENT Section 3.01 Notices to Trustee 61 65 Section 3.02 Selection of Notes to Be Redeemed or Purchased 62 66 Section 3.03 Notice of Redemption 62 66 Section 3.04 Effect of Notice of Redemption 63 67 Section 3.05 Deposit of Redemption or Purchase Price 64 67 Section 3.06 Notes Redeemed or Purchased in Part 64 68 Section 3.07 Optional Redemption 64 68 Section 3.08 Mandatory Redemption 65 69 Section 3.09 Gaming Offer to Purchase by Application of Excess Proceeds 69 Section 3.10 Redemption 65 for Changes in Taxes 71 ARTICLE 4 4. COVENANTS Section 4.01 Payment of Notes 66 72 Section 4.02 Maintenance of Office or Agency 66 72 Section 4.03 Reports 66 73 Section 4.04 Compliance Certificate 67 74 Page Section 4.05 Taxes 74 Section 4.06 Stay, Extension and Usury Laws 68 74 Section 4.06 4.07 Restricted Payments 68 75 Section 4.07 4.08 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 72 Page 80 Section 4.08 4.09 Incurrence of Indebtedness 75 and Issuance of Preferred Stock 82 Section 4.09 4.10 Asset Sales 80 87 Section 4.10 4.11 Transactions with Affiliates 82 Section 4.11 Liens 84 89 Section 4.12 Liens 92 Section 4.13 Corporate Existence 85 92 Section 4.13 4.14 Offer to Repurchase Upon Change of Control 85 92 Section 4.14 4.15 [Reserved] 94 Section 4.16 Limitation on Issuances Sale Leaseback Transactions 94 Section 4.17 Payments for Consent 95 Section 4.18 Additional Note Guarantees 95 Section 4.19 Designation of Guarantees by Subsidiary Guarantors 86 Restricted and Unrestricted Subsidiaries 95 Section 4.15 Fall-4.20. Fall Away Event 87 96 Section 4.16 Restrictions on Activities 4.21. Additional Amounts 98 Section 4.22. [Reserved] 101 Section 4.23 Creation and Perfection of Certain Security Interests After the Co-Issuer 87 Section 4.17 Master Lease 87 Section 4.18 Future Guarantors 87 Issue Date 101 ARTICLE 5.

DEFINITIONS AND INCORPORATION. BY REFERENCE Section 1.01 Definitions Definitions. 1 Section 1.02 Other Definitions 43 25 Section 1.03 Incorporation by Reference of Trust Indenture Act 44 25 Section 1.04 Rules of Construction 44 26 ARTICLE 2 THE NOTES Section 2.01 Form and Dating 44 26 Section 2.02 Execution and Authentication 46 27 Section 2.03 Registrar and Paying Agent 46 27 Section 2.04 Paying Agent to Hold Money in Trust 47 28 Section 2.05 Holder Lists 47 28 Section 2.06 Transfer and Exchange 47 28 Section 2.07 Replacement Notes 59 38 Section 2.08 Outstanding Notes 59 38 Section 2.09 Treasury Notes 60 39 Section 2.10 Temporary Notes 60 39 Section 2.11 Cancellation 60 39 Section 2.12 Defaulted Interest 60 39 Section 2.13 Issuance of Additional Notes 61 Section 2.14 Method of Submission 61 Section 2.15 Trustee’s Duty to Monitor 61 39 ARTICLE 3 REDEMPTION AND PREPAYMENT Section 3.01 Notices to Trustee 61 40 Section 3.02 Selection of Notes to To Be Redeemed or Purchased 62 40 Section 3.03 Notice of Redemption 62 40 Section 3.04 Effect of Notice of Redemption 63 41 Section 3.05 Deposit of Redemption or Purchase Price 64 41 Section 3.06 Notes Redeemed or Purchased in Part 64 42 Section 3.07 Optional Redemption 64 42 Section 3.08 Mandatory Redemption 65 43 Section 3.09 Gaming Offer to Purchase by Application of Excess Proceeds 43 Section 3.10 Special Mandatory Redemption 65 45 ARTICLE 4 COVENANTS Section 4.01 Payment of Notes 66 45 Section 4.02 Maintenance of Office or Agency 66 45 Section 4.03 Reports 66 46 Section 4.04 Compliance Certificate 67 46 Section 4.05 Taxes 47 Section 4.06 Stay, Extension and Usury Laws 68 47 Page Section 4.06 4.07 Restricted Payments 68 47 Section 4.07 4.08 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 72 Page 50 Section 4.08 4.09 Incurrence of Indebtedness 75 and Issuance of Disqualified Equity 52 Section 4.09 4.10 Asset Sales 80 55 Section 4.10 4.11 Transactions with Affiliates 82 Section 4.11 Liens 84 56 Section 4.12 Liens 58 Section 4.13 Limitations on Finance Corp. Activities 59 Section 4.14 Corporate Existence 85 59 Section 4.13 4.15 Offer to Repurchase Upon Change of Control 85 Section 4.14 Limitation on Issuances of Guarantees by Subsidiary Guarantors 86 Section 4.15 Fall-Away Event 87 59 Section 4.16 Restrictions on Activities of the Co-Issuer 87 Additional Guarantors 61 Section 4.17 Master Lease 87 Designation of Restricted and Unrestricted Subsidiaries 61 Section 4.18 Future Guarantors 87 Covenant Termination 61 ARTICLE 5

DEFINITIONS AND INCORPORATION. BY REFERENCE Section 1.01 Definitions 1 Section 1.02 Other Definitions 43 39 Section 1.03 Incorporation by Reference of Trust Indenture Act 44 39 Section 1.04 Rules of Construction 44 40 ARTICLE 2 THE NOTES Section 2.01 Form and Dating 44 40 Section 2.02 Execution and Authentication 46 41 Section 2.03 Registrar and Paying Agent 46 42 Section 2.04 Paying Agent to Hold Money in Trust 47 42 Section 2.05 Holder Lists 47 42 Section 2.06 Transfer and Exchange 47 43 Section 2.07 Replacement Notes 59 55 Section 2.08 Outstanding Notes 59 55 Section 2.09 Treasury Notes 60 55 Section 2.10 Temporary Notes 60 56 Section 2.11 Cancellation 60 56 Section 2.12 Defaulted Interest 60 56 Section 2.13 Issuance of Additional Notes 61 56 Section 2.14 Method of Submission 61 57 Section 2.15 Trustee’s Duty to Monitor 61 57 ARTICLE 3 REDEMPTION AND PREPAYMENT Section 3.01 Notices to Trustee 61 57 Section 3.02 Selection of Notes to Be Redeemed or Purchased 62 57 Section 3.03 Notice of Redemption 62 58 Section 3.04 Effect of Notice of Redemption 63 59 Section 3.05 Deposit of Redemption or Purchase Price 64 59 Section 3.06 Notes Redeemed or Purchased in Part 64 59 Section 3.07 Optional Redemption 64 59 Section 3.08 Mandatory Redemption 65 60 Section 3.09 Gaming Redemption 65 60 ARTICLE 4 COVENANTS Section 4.01 Payment of Notes 66 61 Section 4.02 Maintenance of Office or Agency 66 61 Section 4.03 Reports 66 62 Section 4.04 Compliance Certificate 67 63 Section 4.05 Stay, Extension and Usury Laws 68 63 Section 4.06 Restricted Payments 68 63 Section 4.07 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 72 68 Page Section 4.08 Incurrence of Indebtedness 75 70 Section 4.09 Asset Sales 80 75 Section 4.10 Transactions with Affiliates 82 76 Section 4.11 Liens 84 79 Section 4.12 Corporate Existence 85 79 Section 4.13 Offer to Repurchase Upon Change of Control 85 79 Section 4.14 Limitation on Issuances of Guarantees by Subsidiary Guarantors 86 81 Section 4.15 Fall-Away Event 87 81 Section 4.16 Restrictions on Activities of the Co-Issuer 87 81 Section 4.17 Initial Master Lease 87 81 Section 4.18 Future Guarantors 87 Further Assurances 82 ARTICLE 5

DEFINITIONS AND INCORPORATION. BY REFERENCE Section 1.01 Definitions 1 Section 1.02 Other Definitions 43 32 Section 1.03 Incorporation by Reference of Trust Indenture Act 44 33 Section 1.04 Rules of Construction 44 33 ARTICLE 2 THE NOTES Section 2.01 Form and Dating 44 34 Section 2.02 Execution and Authentication 46 35 Section 2.03 Registrar and Paying Agent 46 35 Section 2.04 Paying Agent to Hold Money in Trust 47 36 Section 2.05 Holder Lists 47 36 Section 2.06 Transfer and Exchange 47 36 Section 2.07 Replacement Notes 59 49 Section 2.08 Outstanding Notes 59 49 Section 2.09 Treasury Notes 60 49 Section 2.10 Temporary Notes 60 49 Section 2.11 Cancellation 60 50 Section 2.12 Defaulted Interest 60 Section 2.13 Issuance of Additional Notes 61 Section 2.14 Method of Submission 61 Section 2.15 Trustee’s Duty to Monitor 61 50 ARTICLE 3 REDEMPTION AND PREPAYMENT Section 3.01 Notices to Trustee 61 50 Section 3.02 Selection of Notes to Be Redeemed or Purchased 62 50 Section 3.03 Notice of Redemption 62 51 Section 3.04 Effect of Notice of Redemption 63 52 Section 3.05 Deposit of Redemption or Purchase Price 64 52 Section 3.06 Notes Redeemed or Purchased in Part 64 52 Section 3.07 Optional Redemption 64 52 Section 3.08 Mandatory Redemption 65 53 Section 3.09 Gaming Redemption 65 Offer to Purchase by Application of Excess Proceeds 53 ARTICLE 4 COVENANTS Section 4.01 Payment of Notes 66 55 Section 4.02 Maintenance of Office or Agency 66 55 Section 4.03 Reports 66 56 Section 4.04 Compliance Certificate 67 57 Section 4.05 Taxes 58 Section 4.06 Stay, Extension and Usury Laws 68 58 Section 4.06 4.07 Restricted Payments 68 58 Section 4.07 4.08 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 72 Page 63 Section 4.08 4.09 Incurrence of Indebtedness 75 and Issuance of Preferred Stock 65 Section 4.09 4.10 Asset Sales 80 69 Page Section 4.10 4.11 Transactions with Affiliates 82 Section 4.11 Liens 84 71 Section 4.12 Liens 74 Section 4.13 Corporate Existence 85 74 Section 4.13 4.14 Offer to Repurchase Upon Change of Control 85 Section 4.14 Limitation on Issuances of Guarantees by Subsidiary Guarantors 86 75 Section 4.15 Fall-Away Event 87 Payments for Consent 76 Section 4.16 Additional Note Guarantees 76 Section 4.17 Designation of Restricted and Unrestricted Subsidiaries 77 Section 4.18 Restrictions on Activities of the Co-Issuer 87 Express Finance 77 Section 4.17 Master Lease 87 Section 4.18 Future Guarantors 87 4.19 Changes in Covenants when Notes Rated Investment Grade 77 ARTICLE 5

DEFINITIONS AND INCORPORATION. BY REFERENCE Section 1.01 Definitions 1 Section 1.02 Other Definitions 43 10 Section 1.03 Incorporation by Reference of Trust Indenture Act 44 [Reserved] 10 Section 1.04 Rules of Construction 44 10 ARTICLE 2 THE ISSUE, DESCRIPTION, EXECUTION, REGISTRATION AND EXCHANGE OF NOTES Section 2.01 Form Designation Amount and Dating 44 Issue of Notes 11 Section 2.02 Execution and Authentication 46 Form of Notes 11 Section 2.03 Registrar Date and Paying Agent 46 Denomination of Notes; Payments of Interest 12 Section 2.04 Paying Agent to Hold Money in Trust 47 Execution of Notes 13 Section 2.05 Holder Lists 47 Registrar, Paying Agents and Transfer Agents 14 Section 2.06 Transfer and Exchange 47 14 Section 2.07 Replacement Mutilated, Destroyed, Lost or Stolen Notes 59 21 Section 2.08 Outstanding Temporary Notes 59 21 Section 2.09 Treasury Cancellation of Notes 60 22 Section 2.10 Temporary Notes 60 Common Code and ISIN Number 22 Section 2.11 Cancellation 60 Section 2.12 Defaulted Interest 60 Section 2.13 Issuance of Additional Notes 61 22 Section 2.12 New Safekeeping Structure 22 Section 2.13 Election of Common Safekeeper 23 Section 2.14 Method of Submission 61 Section 2.15 Trustee’s Duty Authority to Monitor 61 Authenticate and Effectuate 23 ARTICLE 3 REDEMPTION AND PREPAYMENT OF NOTES Section 3.01 Notices to Trustee 61 Optional Redemption of Notes 23 Section 3.02 Selection of Notes to Be Redeemed or Purchased 62 Redemption upon Changes in Withholding Tax 23 Section 3.03 Notice of Redemption 62 Optional Redemption, Selection of Notes 24 Section 3.04 Effect Payment of Notice of Notes Called for Redemption 63 by the Issuer 25 Section 3.05 Deposit of Redemption or Purchase Price 64 Section 3.06 Notes Redeemed or Purchased in Part 64 Section 3.07 Optional Redemption 64 Section 3.08 Mandatory Redemption 65 Section 3.09 Gaming Redemption 65 Sinking Fund 26 ARTICLE 4 PARTICULAR COVENANTS OF THE COMPANY Section 4.01 Payment of Notes 66 26 Section 4.02 Maintenance of Office or Agency 66 26 Section 4.03 Reports 66 Appointments to Fill Vacancies in Trustee’s Office 27 Section 4.04 Compliance Certificate 67 Provisions as to the Agents 27 Section 4.05 Existence 28 Section 4.06 Reports 28 Section 4.07 Stay, Extension and Usury Laws 68 Section 4.06 Restricted Payments 68 Section 4.07 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 72 Page 29 Section 4.08 Compliance Certificate 29 Section 4.09 Taxes 29 Section 4.10 Limitations on Incurrence of Indebtedness 75 Section 4.09 Asset Sales 80 Section 4.10 Transactions with Affiliates 82 29 Section 4.11 Liens 84 Maintenance of Properties 30 Section 4.12 Corporate Existence 85 Insurance 31 Section 4.13 Offer to Repurchase Upon Change Maintenance of Control 85 Listing 31 Section 4.14 Limitation on Issuances Payment of Guarantees by Subsidiary Guarantors 86 Additional Amounts 31 Section 4.15 Fall-Away Event 87 Section 4.16 Restrictions on Activities of the Co-Issuer 87 Section 4.17 Master Lease 87 Section 4.18 Future Guarantors 87 ARTICLE 5Officers’ Certificate for Additional Amounts 33

DEFINITIONS AND INCORPORATION. BY REFERENCE Section 1.01 Definitions 1 Section 1.02 Other Definitions 43 31 Section 1.03 Incorporation by Reference of Trust Indenture Act 44 31 Section 1.04 Rules of Construction 44 32 ARTICLE 2 THE NOTES Section 2.01 Form and Dating 44 32 Section 2.02 Execution and Authentication 46 33 Section 2.03 Registrar and Paying Agent 46 34 Section 2.04 Paying Agent to Hold Money in Trust 47 34 Section 2.05 Holder Lists 47 34 Section 2.06 Transfer and Exchange 47 35 Section 2.07 Replacement Notes 59 47 Section 2.08 Outstanding Notes 59 47 Section 2.09 Treasury Notes 60 48 Section 2.10 Temporary Notes 60 48 Section 2.11 Cancellation 60 48 Section 2.12 Defaulted Interest 60 48 Section 2.13 Issuance of Additional Notes 61 Section 2.14 Method of Submission 61 Section 2.15 Trustee’s Duty to Monitor 61 CUSIP Numbers 49 ARTICLE 3 REDEMPTION AND PREPAYMENT Section 3.01 Notices to Trustee 61 49 Section 3.02 Selection of Notes to Be Redeemed or Purchased 62 49 Section 3.03 Notice of Redemption 62 50 Section 3.04 Effect of Notice of Redemption 63 51 Section 3.05 Deposit of Redemption or Purchase Price 64 51 Section 3.06 Notes Redeemed or Purchased in Part 64 51 Section 3.07 Optional Redemption 64 51 Section 3.08 Mandatory Redemption 65 52 Section 3.09 Gaming Redemption 65 Offer to Purchase by Application of Excess Proceeds 52 ARTICLE 4 COVENANTS Section 4.01 Payment of Notes 66 54 Section 4.02 Maintenance of Office or Agency 66 55 Section 4.03 Reports 66 55 Section 4.04 Compliance Certificate 67 56 Section 4.05 Taxes 56 Page Section 4.06 Stay, Extension and Usury Laws 68 57 Section 4.06 4.07 Restricted Payments 68 57 Section 4.07 4.08 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 72 Page 62 Section 4.08 4.09 Incurrence of Indebtedness 75 and Issuance of Preferred Stock 64 Section 4.09 4.10 Asset Sales 80 68 Section 4.10 4.11 Transactions with Affiliates 82 Section 4.11 Liens 84 71 Section 4.12 Liens 73 Section 4.13 Corporate Existence 85 73 Section 4.13 4.14 Offer to Repurchase Upon Change of Control 85 Section 4.14 Limitation on Issuances of Guarantees by Subsidiary Guarantors 86 73 Section 4.15 Fall-Away Event 87 Payments for Consent 75 Section 4.16 Restrictions on Activities of the Co-Issuer 87 Additional Note Guarantees 75 Section 4.17 Master Lease 87 Designation of Restricted and Unrestricted Subsidiaries 75 Section 4.18 Future Guarantors 87 [Reserved] 76 Section 4.19 Changes in Covenants When Notes Rated Investment Grade 76 ARTICLE 5

DEFINITIONS AND INCORPORATION. BY REFERENCE Section 1.01 Definitions Definitions. 1 Section 1.02 Other Definitions 43 Definitions. 22 Section 1.03 Incorporation by Reference of Trust Indenture Act 44 Act. 22 Section 1.04 Rules of Construction 44 Construction. 23 ARTICLE 2 THE NOTES Section 2.01 Form and Dating 44 Dating. 23 Section 2.02 Execution and Authentication 46 Authentication. 24 Section 2.03 Registrar and Paying Agent 46 Agent. 24 Section 2.04 Paying Agent to Hold Money in Trust 47 Trust. 24 Section 2.05 Holder Lists 47 Lists. 25 Section 2.06 Transfer and Exchange 47 Exchange. 25 Section 2.07 Replacement Notes 59 Notes. 37 Section 2.08 Outstanding Notes 59 Notes. 37 Section 2.09 Treasury Notes 60 Notes. 38 Section 2.10 Temporary Notes 60 Notes. 38 Section 2.11 Cancellation 60 Cancellation. 38 Section 2.12 Defaulted Interest 60 Section 2.13 Issuance of Additional Notes 61 Section 2.14 Method of Submission 61 Section 2.15 Trustee’s Duty to Monitor 61 ARTICLE 3 Interest. 38 REDEMPTION AND PREPAYMENT Section 3.01 Notices to Trustee 61 Trustee. 38 Section 3.02 Selection of Notes to Be Redeemed or Purchased 62 Purchased. 39 Section 3.03 Notice of Redemption 62 Redemption. 39 Section 3.04 Effect of Notice of Redemption 63 Redemption. 40 Section 3.05 Deposit of Redemption or Purchase Price 64 Price. 40 Section 3.06 Notes Redeemed or Purchased in Part 64 Part. 40 Section 3.07 Optional Redemption 64 Redemption. 41 Section 3.08 Mandatory Redemption 65 Redemption. 41 Section 3.09 Gaming Redemption 65 Offer to Purchase by Application of Excess Proceeds. 42 ARTICLE 4 COVENANTS Section 4.01 Payment of Notes 66 Notes. 43 Section 4.02 Maintenance of Office or Agency 66 Agency. 44 Section 4.03 Reports 66 Reports. 44 Section 4.04 Compliance Certificate 67 Certificate. 45 Section 4.05 Taxes. 46 Section 4.06 Stay, Extension and Usury Laws 68 Section 4.06 Restricted Payments 68 Laws. 46 Section 4.07 Restricted Payments. 46 Section 4.08 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 72 Page Subsidiaries. 49 Section 4.08 4.09 Incurrence of Indebtedness 75 Section 4.09 Asset Sales 80 and Issuance of Preferred Stock. 51 Section 4.10 Asset Sales. 54 Section 4.11 Transactions with Affiliates 82 Section 4.11 Liens 84 Affiliates. 56 Section 4.12 Corporate Existence 85 [Intentionally Omitted] 57 Section 4.13 Business Activities. 57 Section 4.14 Corporate Existence. 57 Section 4.15 Offer to Repurchase Upon Change of Control 85 Control. 57 Section 4.14 4.16 Limitation on Issuances of Guarantees by Subsidiary Guarantors 86 Section 4.15 Fall-Away Event 87 Section 4.16 Restrictions on Activities of the Co-Issuer 87 Indebtedness. 59 Section 4.17 Master Lease 87 Payments for Consent. 59 Section 4.18 Future Guarantors 87 Designation of Restricted and Unrestricted Subsidiaries. 59 Section 4.19 Maintenance of Total Unencumbered Assets. 60 Section 4.20 Changes in Covenants when Notes Rated Investment Grade. 60 ARTICLE 5

DEFINITIONS AND INCORPORATION. BY REFERENCE Section 1.01 Definitions 1 4 Section 1.02 Other Definitions 43 33 Section 1.03 Incorporation by Reference of Trust Indenture Act 44 34 Section 1.04 Rules of Construction 44 34 ARTICLE 2 THE NOTES Section 2.01 Form and Dating 44 35 Section 2.02 Execution and Authentication 46 35 Section 2.03 Registrar and Paying Agent 46 36 Section 2.04 Paying Agent to Hold Money in Trust 47 36 Section 2.05 Holder Lists 47 37 Section 2.06 Transfer and Exchange 47 37 Section 2.07 Replacement Notes 59 49 Section 2.08 Outstanding Notes 59 49 Section 2.09 Treasury Notes 60 49 Section 2.10 Temporary Notes 60 50 Section 2.11 Cancellation 60 50 Section 2.12 Defaulted Interest 60 Section 2.13 Issuance of Additional Notes 61 Section 2.14 Method of Submission 61 Section 2.15 Trustee’s Duty to Monitor 61 50 ARTICLE 3 REDEMPTION AND PREPAYMENT Section 3.01 Notices to Trustee 61 50 Section 3.02 Selection of Notes to Be Redeemed or Purchased 62 51 Section 3.03 Notice of Redemption 62 51 Section 3.04 Effect of Notice of Redemption 63 52 Section 3.05 Deposit of Redemption or Purchase Price 64 52 Section 3.06 Notes Redeemed or Purchased in Part 64 53 Section 3.07 Optional Redemption 64 53 Section 3.08 Mandatory Redemption 65 Redemption; Open Market Purchases 54 Section 3.09 Gaming Redemption 65 Offer to Purchase by Application of Excess Proceeds 54 ARTICLE 4 COVENANTS Section 4.01 Payment of Notes 66 56 Section 4.02 Maintenance of Office or Agency 66 56 Section 4.03 Reports 66 56 Section 4.04 Compliance Certificate 67 58 Section 4.05 Taxes 58 Section 4.06 Stay, Extension and Usury Laws 68 58 Section 4.06 4.07 Restricted Payments 68 59 Section 4.07 4.08 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 72 Page 63 Section 4.08 4.09 Incurrence of Indebtedness 75 and Issuance of Preferred Stock 65 Section 4.09 4.10 Asset Sales 80 69 Section 4.10 4.11 Transactions with Affiliates 82 Section 4.11 Liens 84 72 Section 4.12 Liens 74 Section 4.13 Corporate Existence 85 74 Section 4.13 4.14 Offer to Repurchase Upon Change of Control 85 Section 4.14 Limitation on Issuances of Guarantees by Subsidiary Guarantors 86 74 Section 4.15 Fall-Away Event 87 Additional Note Guarantees 76 Section 4.16 Restrictions on Activities Designation of the Co-Issuer 87 Restricted and Unrestricted Subsidiaries 77 Section 4.17 Master Lease 87 Section 4.18 Future Guarantors 87 Changes in Covenants When Notes Are Rated Investment Grade 77 ARTICLE 5

DEFINITIONS AND INCORPORATION. BY REFERENCE Section 1.01 Definitions 1 Section 1.02 Other Definitions 43 34 Section 1.03 Incorporation by Reference of Trust Indenture Act 44 35 Section 1.04 Rules of Construction 44 35 ARTICLE 2 THE NOTES Section 2.01 Form and Dating 44 36 Section 2.02 Execution and Authentication 46 37 Section 2.03 Registrar and Paying Agent 46 37 Section 2.04 Paying Agent to Hold Money in Trust 47 38 Section 2.05 Holder Lists 47 38 Section 2.06 Transfer and Exchange 47 38 Section 2.07 Replacement Notes 59 50 Section 2.08 Outstanding Notes 59 50 Section 2.09 Treasury Notes 60 51 Section 2.10 Temporary Notes 60 51 Section 2.11 Cancellation 60 51 Section 2.12 Defaulted Interest 60 51 Section 2.13 Issuance of Additional Notes 61 Section 2.14 Method of Submission 61 Section 2.15 Trustee’s Duty to Monitor 61 CUSIP Numbers 52 ARTICLE 3 REDEMPTION AND PREPAYMENT Section 3.01 Notices to Trustee 61 52 Section 3.02 Selection of Notes to Be Redeemed or Purchased 62 52 Section 3.03 Notice of Redemption 62 53 Section 3.04 Effect of Notice of Redemption 63 53 Section 3.05 Deposit of Redemption or Purchase Price 64 54 Section 3.06 Notes Redeemed or Purchased in Part 64 54 Section 3.07 Optional Redemption 64 54 Section 3.08 Mandatory Redemption 65 56 Section 3.09 Gaming Redemption 65 Offer to Purchase by Application of Excess Proceeds 56 ARTICLE 4 COVENANTS Section 4.01 Payment of Notes 66 56 Section 4.02 Maintenance of Office or Agency 66 57 Section 4.03 Reports 66 57 Section 4.04 Compliance Certificate 67 59 Section 4.05 Taxes 59 Page Section 4.06 Stay, Extension and Usury Laws 68 59 Section 4.06 4.07 Limitation on Restricted Payments 68 60 Section 4.07 4.08 Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 72 Page 64 Section 4.08 4.09 Limitation on Incurrence of Indebtedness 75 and Issuance of Preferred Stock 66 Section 4.09 4.10 Limitation on Asset Sales 80 71 Section 4.10 4.11 Limitation on Transactions with Affiliates 82 Section 4.11 Liens 84 73 Section 4.12 Limitation on Liens 75 Section 4.13 Conduct of Business and Limitation on Certain Activities 75 Section 4.14 Corporate Existence 85 75 Section 4.13 Offer to Repurchase Upon 4.15 Change of Control 85 Section 4.14 Limitation on Issuances of Guarantees by Subsidiary Guarantors 86 Section 4.15 Fall-Away Event 87 76 Section 4.16 Restrictions on Activities of the Co-Issuer 87 Additional Note Guarantees 77 Section 4.17 Master Lease 87 Designation of Restricted and Unrestricted Subsidiaries 77 Section 4.18 Future Guarantors 87 Payments for Consent 77 Section 4.19 Covenant Suspension 78 Section 4.20 Withholding Taxes 78 ARTICLE 5

DEFINITIONS AND INCORPORATION. BY REFERENCE Section 1.01 Definitions 1 Section 1.02 Other Definitions 43 32 Section 1.03 Incorporation by Reference of Trust Indenture Act 44 33 Section 1.04 Rules of Construction 44 33 ARTICLE 2 THE NOTES Section 2.01 Form and Dating 44 34 Section 2.02 Execution and Authentication 46 34 Section 2.03 Registrar and Paying Agent 46 35 Section 2.04 Paying Agent to Hold Money in Trust 47 35 Section 2.05 Holder Lists 47 35 Section 2.06 Transfer and Exchange 47 36 Section 2.07 Replacement Notes 59 47 Section 2.08 Outstanding Notes 59 48 Section 2.09 Treasury Notes 60 48 Section 2.10 Temporary Notes 60 48 Section 2.11 Cancellation 60 49 Section 2.12 Defaulted Interest 60 49 Section 2.13 Issuance of Additional Notes 61 49 Section 2.14 Method of Submission 61 Section 2.15 Trustee’s Duty to Monitor 61 Record Date 49 ARTICLE 3 REDEMPTION AND PREPAYMENT Section 3.01 Notices to Trustee 61 50 Section 3.02 Selection of Notes to Be Redeemed or Purchased 62 50 Section 3.03 Notice of Redemption 62 50 Section 3.04 Effect of Notice of Redemption 63 51 Section 3.05 Deposit of Redemption or Purchase Price 64 51 Section 3.06 Notes Redeemed or Purchased in Part 64 52 Section 3.07 Optional Redemption 64 52 Section 3.08 Mandatory Redemption 65 53 Section 3.09 Gaming Redemption 65 Offer to Purchase by Application of Excess Proceeds 53 ARTICLE 4 COVENANTS Section 4.01 Payment of Notes 66 55 Section 4.02 Maintenance of Office or Agency 66 55 Section 4.03 Reports 66 55 Section 4.04 Compliance Certificate 67 57 Section 4.05 Taxes 57 Section 4.06 Stay, Extension and Usury Laws 68 57 Section 4.06 4.07 Restricted Payments 68 58 Section 4.07 4.08 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 72 61 Page Section 4.08 4.09 Incurrence of Indebtedness 75 and Issuance of Preferred Stock 63 Section 4.09 4.10 Asset Sales 80 67 Section 4.10 4.11 Transactions with Affiliates 82 Section 4.11 Liens 84 69 Section 4.12 Liens 70 Section 4.13 Business Activities 71 Section 4.14 Corporate Existence 85 71 Section 4.13 4.15 Offer to Repurchase Upon Change of Control 85 71 Section 4.14 4.16 Limitation on Issuances of Guarantees by Subsidiary Guarantors 86 Section 4.15 Fall-Away Event 87 Section 4.16 Restrictions on Activities of the Co-Issuer 87 Sale and Leaseback Transactions 73 Section 4.17 Master Lease 87 Payments for Consent 73 Section 4.18 Future Guarantors 87 Additional Note Guarantees 73 Section 4.19 Designation of Restricted and Unrestricted Subsidiaries 74 ARTICLE 5

DEFINITIONS AND INCORPORATION. BY REFERENCE Section 1.01 Definitions 1 Section 1.02 Other Definitions 43 31 Section 1.03 Incorporation by Reference of Trust Indenture Act 44 31 Section 1.04 Rules of Construction 44 31 ARTICLE 2 THE NOTES Section 2.01 Form and Dating 44 32 Section 2.02 Execution and Authentication 46 33 Section 2.03 Registrar and Paying Agent 46 34 Section 2.04 Paying Agent to Hold Money in Trust 47 34 Section 2.05 Holder Lists 47 34 Section 2.06 Transfer and Exchange 47 34 Section 2.07 Replacement Notes 59 46 Section 2.08 Outstanding Notes 59 46 Section 2.09 Treasury Notes 60 46 Section 2.10 Temporary Notes 60 47 Section 2.11 Cancellation 60 47 Section 2.12 Defaulted Interest 60 Section 2.13 Issuance of Additional Notes 61 Section 2.14 Method of Submission 61 Section 2.15 Trustee’s Duty to Monitor 61 47 ARTICLE 3 REDEMPTION AND PREPAYMENT Section 3.01 Notices to Trustee 61 47 Section 3.02 Selection of Notes to Be Redeemed or Purchased 62 48 Section 3.03 Notice of Redemption 62 48 Section 3.04 Effect of Notice of Redemption 63 49 Section 3.05 Deposit of Redemption or Purchase Price 64 49 Section 3.06 Notes Redeemed or Purchased in Part 64 49 Section 3.07 Optional Redemption 64 49 Section 3.08 Mandatory Redemption 65 50 Section 3.09 Gaming Redemption 65 Offer to Purchase by Application of Excess Proceeds 50 Section 3.10 Repurchase upon Event of Loss Offer 52 ARTICLE 4 COVENANTS Section 4.01 Payment of Notes 66 54 Section 4.02 Maintenance of Office or Agency 66 54 Section 4.03 Reports 66 54 Section 4.04 Compliance Certificate 67 56 Section 4.05 Taxes 56 Page Section 4.06 Stay, Extension and Usury Laws 68 56 Section 4.06 4.07 Restricted Payments 68 56 Section 4.07 4.08 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 72 Page 61 Section 4.08 4.09 Incurrence of Indebtedness 75 and Issuance of Preferred Stock 63 Section 4.09 4.10 Asset Sales 80 67 Section 4.10 4.11 Transactions with Affiliates 82 Section 4.11 Liens 84 69 Section 4.12 Liens 71 Section 4.13 Corporate Existence 85 71 Section 4.13 4.14 Offer to Repurchase Upon Change of Control 85 Section 4.14 Limitation on Issuances of Guarantees by Subsidiary Guarantors 86 72 Section 4.15 Fall-Away Event 87 Payments for Consent 73 Section 4.16 Restrictions on Activities of the Co-Issuer 87 Additional Note Guarantees 73 Section 4.17 Master Lease 87 Designation of Restricted and Unrestricted Subsidiaries 74 Section 4.18 Future Guarantors 87 Changes in Covenants when Notes Rated Investment Grade 74 Section 4.19 Event of Loss 75 Section 4.20 Further Assurances 76 ARTICLE 5

DEFINITIONS AND INCORPORATION. BY REFERENCE Section 1.01 Definitions 1 Section 1.02 Other Definitions 43 52 Section 1.03 Incorporation by Reference of Trust Indenture Act 44 53 Section 1.04 Rules of Construction 44 53 Section 1.05 Divisions 54 ARTICLE 2 THE NOTES Section 2.01 Form and Dating 44 54 Section 2.02 Execution and Authentication 46 55 Section 2.03 Registrar and Paying Agent 46 55 Section 2.04 Paying Agent to Hold Money in Trust 47 56 Section 2.05 Holder Lists 47 56 Section 2.06 Transfer and Exchange 47 56 Section 2.07 Replacement Notes 59 68 Section 2.08 Outstanding Notes 59 68 Section 2.09 Treasury Notes 60 69 Section 2.10 Temporary Notes 60 69 Section 2.11 Cancellation 60 69 Section 2.12 Defaulted Interest 60 70 Section 2.13 Issuance of Additional Notes 61 70 Section 2.14 Method of Submission 61 70 Section 2.15 Trustee’s Duty to Monitor 61 70 ARTICLE 3 REDEMPTION AND PREPAYMENT Section 3.01 Notices to Trustee 61 71 Section 3.02 Selection of Notes to Be Redeemed or Purchased 62 71 Section 3.03 Notice of Redemption 62 72 Section 3.04 Effect of Notice of Redemption 63 73 Section 3.05 Deposit of Redemption or Purchase Price 64 73 Section 3.06 Notes Redeemed or Purchased in Part 64 74 Section 3.07 Optional Redemption 64 74 Section 3.08 Mandatory Redemption 65 Section 3.09 Gaming Redemption 65 75 ARTICLE 4 COVENANTS Section 4.01 Payment of Notes 66 76 Section 4.02 Maintenance of Office or Agency 66 76 Section 4.03 Reports 66 77 Section 4.04 Compliance Certificate 67 77 Section 4.05 Stay, Extension and Usury Laws 68 78 Section 4.06 Restricted Payments 68 78 Section 4.07 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 72 Page 85 Section 4.08 Incurrence of Indebtedness 75 88 Section 4.09 Asset Sales 80 95 Section 4.10 Transactions with Affiliates 82 99 Section 4.11 Liens 84 102 Section 4.12 Corporate Existence 85 103 Section 4.13 Offer to Repurchase Purchase Upon Change of Control 85 Triggering Event 103 Section 4.14 Limitation on Issuances of Guarantees by Subsidiary Guarantors 86 105 Section 4.15 Fall-Away Event 87 Suspension of Covenants 105 Section 4.16 Restrictions Maintenance of Total Unencumbered Assets 107 Section 4.17 Future Guarantors 107 Section 4.18 Limited Condition Transactions 107 ARTICLE 5 SUCCESSORS Section 5.01 Consolidation, Merger and Sale of Assets 108 Section 5.02 Successor Corporation Substituted 108 ARTICLE 6 DEFAULTS AND REMEDIES Section 6.01 Events of Default 109 Section 6.02 Acceleration 111 Section 6.03 Other Remedies 113 Section 6.04 Waiver of Past Defaults 114 Section 6.05 Control by Majority 114 Section 6.06 Limitation on Activities Suits 114 Section 6.07 Rights of Holders to Receive Payment 115 Section 6.08 Collection Suit by Trustee 115 Section 6.09 Trustee May File Proofs of Claim 115 Section 6.10 Priorities 116 Section 6.11 Undertaking for Costs 116 ARTICLE 7 TRUSTEE Section 7.01 Duties of Trustee 116 Section 7.02 Rights of Trustee 117 Section 7.03 Individual Rights of the Co-Trustee 119 Section 7.04 Trustee’s Disclaimer 120 Section 7.05 Notice of Defaults 120 Section 7.06 Compensation and Indemnity 120 Section 7.07 Replacement of Trustee 121 Section 7.08 Successor Trustee by Merger, etc. 122 Section 7.09 Eligibility; Disqualification 122 Section 7.10 Preferential Collection of Claims Against Issuer 87 122 ARTICLE 8 LEGAL DEFEASANCE AND COVENANT DEFEASANCE Section 4.17 Master Lease 87 8.01 Option to Effect Legal Defeasance or Covenant Defeasance 123 Section 4.18 Future Guarantors 87 8.02 Legal Defeasance and Discharge 123 Section 8.03 Covenant Defeasance 123 Section 8.04 Conditions to Legal or Covenant Defeasance 124 Section 8.05 Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions 125 Section 8.06 Repayment to Issuer 126 Section 8.07 Reinstatement 126 ARTICLE 59 AMENDMENT, SUPPLEMENT AND WAIVER Section 9.01 Without Consent of Holders 126 Section 9.02 With Consent of Holders 128 Section 9.03 Revocation and Effect of Consents 130 Section 9.04 Notation on or Exchange of Notes 130 Section 9.05 Trustee to Sign Amendments, etc. 130

DEFINITIONS AND INCORPORATION. BY REFERENCE Section 1.01 Definitions 1 Section 1.02 Other Definitions 43 10 Section 1.03 Incorporation by Reference of Trust Indenture Act 44 11 Section 1.04 Rules of Construction 44 Constructio 11 ARTICLE 2 2. THE NOTES Section 2.01 Form and Dating 44 Dating. 12 Section 2.02 Execution and Authentication 46 13 Section 2.03 Registrar and Paying Agent 46 Agen 14 Section 2.04 Paying Agent to Hold Money in Trust 47 Trust. 14 Section 2.05 Holder Lists 47 14 Section 2.06 Transfer and Exchange 47 14 Section 2.07 Replacement Notes 59 Note 27 Section 2.08 Outstanding Notes 59 27 Section 2.09 Treasury Notes 60 Notes. 27 Section 2.10 Temporary Notes 60 27 Section 2.11 Cancellation 60 28 Section 2.12 Defaulted Interest 60 28 Section 2.13 Issuance of Additional Notes 61 Section 2.14 Method of Submission 61 Section 2.15 Trustee’s Duty to Monitor 61 Amounts 28 ARTICLE 3 3. REDEMPTION AND PREPAYMENT Section 3.01 Notices to Trustee 61 31 Section 3.02 Selection of Notes to Be Redeemed or Purchased 62 31 Section 3.03 Notice of Redemption 62 31 Section 3.04 Effect of Notice of Redemption 63 32 Section 3.05 Deposit of Redemption or Purchase Price 64 32 Section 3.06 Notes Redeemed or Purchased in Part 64 33 Section 3.07 Optional Redemption 64 33 Section 3.08 Mandatory Redemption 65 34 Section 3.09 Gaming Redemption 65 for Taxation Reasons 34 ARTICLE 4 4. COVENANTS Section 4.01 Payment of Notes 66 35 Section 4.02 Maintenance of Office or Agency 66 35 Section 4.03 Reports 66 36 Section 4.04 Compliance Certificate 67 36 Section 4.05 Taxes 36 Section 4.06 Stay, Extension and Usury Laws 68 Section 4.06 Restricted Payments 68 37 Section 4.07 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 72 Page Corporate Existence 37 Section 4.08 Incurrence of Indebtedness 75 Limitation on Secured Debt 37 Section 4.09 Asset Sales 80 Section 4.10 Transactions with Affiliates 82 Section 4.11 Liens 84 Section 4.12 Corporate Existence 85 Section 4.13 Offer to Repurchase Purchase Upon Change of Control 85 Triggering Event 38 Page Section 4.14 4.10 Limitation on Issuances of Guarantees by Subsidiary Guarantors 86 Sale and Lease-back Transactions 39 Section 4.15 Fall-Away Event 87 4.11 Exempted Indebtedness 40 Section 4.16 Restrictions on Activities of the Co-Issuer 87 Section 4.17 Master Lease 87 Section 4.18 Future Guarantors 87 4.12 Classification 40 ARTICLE 5.

DEFINITIONS AND INCORPORATION. BY REFERENCE Section 1.01 Definitions 1 Section 1.02 Other Definitions 43 57 Section 1.03 Incorporation by Reference of Trust Indenture Act 44 58 Section 1.04 Rules of Construction 44 58 ARTICLE 2 THE NOTES Section 2.01 Form and Dating 44 59 Section 2.02 Execution and Authentication 46 59 Section 2.03 Registrar and Paying Agent 46 60 Section 2.04 Paying Agent to Hold Money in Trust 47 60 Section 2.05 Holder Lists 47 60 Section 2.06 Transfer and Exchange 47 61 Section 2.07 Replacement Notes 59 71 Section 2.08 Outstanding Notes 59 71 Section 2.09 Treasury Notes 60 71 Section 2.10 Temporary Notes 60 72 Section 2.11 Cancellation 60 Section 2.12 Defaulted Interest 60 Section 2.13 Issuance of Additional Notes 61 Section 2.14 Method of Submission 61 Section 2.15 Trustee’s Duty to Monitor 61 72 ARTICLE 3 REDEMPTION AND PREPAYMENT Section 3.01 Notices to Trustee 61 72 Section 3.02 Selection of Notes to Be Redeemed or Purchased 62 72 Section 3.03 Notice of Redemption 62 73 Section 3.04 Effect of Notice of Redemption 63 73 Section 3.05 Deposit of Redemption or Purchase Price 64 74 Section 3.06 Notes Redeemed or Purchased in Part 64 74 Section 3.07 Optional Redemption 64 74 Section 3.08 Mandatory Redemption 65 76 Section 3.09 Gaming Redemption 65 Offer to Purchase by Application of Excess Proceeds 76 ARTICLE 4 COVENANTS Section 4.01 Payment of Notes 66 78 Section 4.02 Maintenance of Office or Agency 66 78 Section 4.03 Reports 66 78 Section 4.04 Compliance Certificate 67 81 Section 4.05 Taxes 82 Section 4.06 Stay, Extension and Usury Laws 68 82 Section 4.06 4.07 Limitation on Restricted Payments 68 82 Section 4.07 4.08 Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 72 Page 90 Section 4.08 4.09 Limitation on Incurrence of Indebtedness 75 92 Section 4.09 4.10 Asset Sales 80 102 Section 4.10 4.11 Limitation on Transactions with Affiliates 82 Section 4.11 Liens 84 107 Section 4.12 Limitation on Liens 110 Section 4.13 Corporate Existence 85 110 Section 4.13 4.14 Offer to Repurchase Upon Change of Control 85 Section 4.14 Limitation on Issuances of Guarantees by Subsidiary Guarantors 86 111 Section 4.15 Fall-Away Event 87 Additional Subsidiary Guarantees 113 Section 4.16 Restrictions on Activities Suspension of the Co-Issuer 87 Covenants 113 Section 4.17 Master Lease 87 After-Acquired Collateral 114 Section 4.18 Future Guarantors 87 Post-Closing Collateral 117 Section 4.19 Measuring Compliance 118 ARTICLE 5

DEFINITIONS AND INCORPORATION. BY REFERENCE Section 1.01 Definitions 1 Section 1.02 Other Definitions 43 10 Section 1.03 Incorporation by Reference of Trust Indenture Act 44 11 Section 1.04 Rules of Construction 44 11 ARTICLE 2 THE NOTES DEBENTURES Section 2.01 Form and Dating 44 12 Section 2.02 Execution and Authentication 46 13 Section 2.03 Registrar and Paying Agent 46 14 Section 2.04 Paying Agent to Hold Money in Trust 47 14 Section 2.05 Holder Lists 47 14 Section 2.06 Transfer and Exchange 47 14 Section 2.07 Replacement Notes 59 Debentures 26 Section 2.08 Outstanding Notes 59 Debentures 26 Section 2.09 Treasury Notes 60 Debentures 26 Section 2.10 Temporary Notes 60 Debentures 26 Section 2.11 Cancellation 60 27 Section 2.12 Defaulted Interest 60 Section 2.13 Issuance of Additional Notes 61 Section 2.14 Method of Submission 61 Section 2.15 Trustee’s Duty to Monitor 61 ARTICLE 3 27 REDEMPTION AND PREPAYMENT Section 3.01 Notices to Trustee 61 27 Section 3.02 Selection of Notes Debentures to Be Redeemed or Purchased 62 27 Section 3.03 Notice of Redemption 62 28 Section 3.04 Effect of Notice of Redemption 63 29 Section 3.05 Deposit of Redemption or Purchase Price 64 29 Section 3.06 Notes Debentures Redeemed or Purchased in Part 64 29 Section 3.07 Optional Redemption 64 29 Section 3.08 Mandatory Redemption 65 Repurchase at Option of the Holder 30 Section 3.09 Gaming Redemption 65 Effect of a Repurchase Notice 31 Section 3.10 Repurchase at Option of Holder Upon a Designated Event 31 ARTICLE 4 COVENANTS Section 4.01 Payment of Notes 66 Debentures 34 Section 4.02 Maintenance of Office or Agency 66 34 Section 4.03 Reports 66 35 Section 4.04 Compliance Certificate 67 35 Section 4.05 Taxes 36 Section 4.06 Stay, Extension and Usury Laws 68 Section 4.06 Restricted Payments 68 36 Section 4.07 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 72 Page Corporate Existence 36 Section 4.08 Incurrence No Layering of Indebtedness 75 Debt 36 Section 4.09 Asset Sales 80 Payments for Consent 37 Section 4.10 Transactions with Affiliates 82 Section 4.11 Liens 84 Section 4.12 Corporate Existence 85 Section 4.13 Offer to Repurchase Upon Change of Control 85 Section 4.14 Limitation on Issuances of Additional Debenture Guarantees by Subsidiary Guarantors 86 Section 4.15 Fall-Away Event 87 Section 4.16 Restrictions on Activities of the Co-Issuer 87 Section 4.17 Master Lease 87 Section 4.18 Future Guarantors 87 37 ARTICLE 5

DEFINITIONS AND INCORPORATION. BY REFERENCE Section 1.01 Definitions 1 Section 1.02 Other Definitions 43 Section 1.03 Incorporation by Reference of Trust Indenture Act 44 43 Section 1.04 Rules of Construction 44 ARTICLE 2 THE NOTES Section 2.01 Form and Dating 44 Section 2.02 Execution and Authentication 46 45 Section 2.03 Registrar and Paying Agent 46 45 Section 2.04 Paying Agent to Hold Money in Trust 47 46 Section 2.05 Holder Lists 47 46 Section 2.06 Transfer and Exchange 47 46 Section 2.07 Replacement Notes 59 58 Section 2.08 Outstanding Notes 59 58 Section 2.09 Treasury Notes 60 59 Section 2.10 Temporary Notes 60 59 Section 2.11 Cancellation 60 59 Section 2.12 Defaulted Interest 60 Section 2.13 Issuance of Additional Notes 61 Section 2.14 Method of Submission 61 Section 2.15 Trustee’s Duty to Monitor 61 59 ARTICLE 3 REDEMPTION AND PREPAYMENT Section 3.01 Notices to Trustee 61 59 Section 3.02 Selection of Notes to Be Redeemed or Purchased 62 60 Section 3.03 Notice of Redemption 62 60 Section 3.04 Effect of Notice of Redemption 63 61 Section 3.05 Deposit of Redemption or Purchase Price 64 61 Section 3.06 Notes Redeemed or Purchased in Part 64 62 Section 3.07 Optional Redemption 64 62 Section 3.08 Mandatory Redemption 65 Section 3.09 Gaming Redemption 65 63 ARTICLE 4 COVENANTS Section 4.01 Payment of Notes 66 64 Section 4.02 Maintenance of Office or Agency 66 64 Section 4.03 SEC Reports 66 64 Section 4.04 Compliance Certificate 67 65 Section 4.05 [Intentionally Omitted] 65 Section 4.06 Stay, Extension and Usury Laws 68 65 Section 4.06 4.07 Limitation on Restricted Payments 68 66 Section 4.07 Dividend and Other Payment 4.08 Limitation on Restrictions Affecting on Distributions from Restricted Subsidiaries 70 Section 4.09 Limitation on Indebtedness 72 Page Section 4.08 Incurrence 4.10 Limitation on Sales of Indebtedness Assets and Subsidiary Stock 75 Section 4.09 Asset Sales 80 Section 4.10 4.11 Limitation on Transactions with Affiliates 80 Section 4.12 Limitation on Liens 82 Section 4.11 Liens 84 4.13 Business Activities 82 Section 4.12 4.14 Corporate Existence 85 82 Section 4.13 4.15 Offer to Repurchase Upon Change of Control 82 Section 4.16 [Intentionally Omitted] 85 Section 4.14 4.17 Limitation on Issuances the Sale or Issuance of Guarantees by Subsidiary Guarantors 86 Section 4.15 Fall-Away Event 87 Section 4.16 Restrictions on Activities Preferred Stock of the Co-Issuer 87 Section 4.17 Master Lease 87 Restricted Subsidiaries 85 Section 4.18 Future Subsidiary Guarantors 87 85 Section 4.19 Further Assurances; Insurance 85 ARTICLE 5

DEFINITIONS AND INCORPORATION. BY REFERENCE Section 1.01 Definitions 1 Section 1.02 Other Definitions 43 23 Section 1.03 Incorporation by Reference of Trust Indenture Act 44 24 Section 1.04 Rules of Construction 44 24 ARTICLE 2 THE NOTES Section 2.01 Form and Dating 44 25 Section 2.02 Execution and Authentication 46 25 Section 2.03 Registrar and Paying Agent 46 26 Section 2.04 Paying Agent to Hold Money in Trust 47 26 Section 2.05 Holder Lists 47 26 Section 2.06 Transfer and Exchange 47 26 Section 2.07 Replacement Notes 59 36 Section 2.08 Outstanding Notes 59 36 Section 2.09 Treasury Notes 60 37 Section 2.10 Temporary Notes 60 37 Section 2.11 Cancellation 60 37 Section 2.12 Defaulted Interest 60 37 Section 2.13 Issuance of Additional Notes 61 Section 2.14 Method of Submission 61 Section 2.15 Trustee’s Duty to Monitor 61 38 ARTICLE 3 REDEMPTION AND PREPAYMENT Section 3.01 Notices to Trustee 61 38 Section 3.02 Selection of Notes to To Be Redeemed or Purchased 62 38 Section 3.03 Notice of Redemption 62 39 Section 3.04 Effect of Notice of Redemption 63 40 Section 3.05 Deposit of Redemption or Purchase Price 64 40 Section 3.06 Notes Redeemed or Purchased in Part 64 40 Section 3.07 Optional Redemption 64 40 Section 3.08 Mandatory Redemption 65 41 Section 3.09 Gaming Redemption 65 Offer to Purchase by Application of Excess Proceeds 41 ARTICLE 4 COVENANTS Section 4.01 Payment of Notes 66 43 Section 4.02 Maintenance of Office or Agency 66 43 Section 4.03 Reports 66 43 Section 4.04 Compliance Certificate 67 44 Section 4.05 Taxes 44 Section 4.06 Stay, Extension and Usury Laws 68 44 Section 4.06 4.07 Restricted Payments 68 45 Page Section 4.07 4.08 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 72 Page 48 Section 4.08 4.09 Incurrence of Indebtedness 75 and Issuance of Disqualified Equity 49 Section 4.09 4.10 Asset Sales 80 52 Section 4.10 4.11 Transactions with Affiliates 82 Section 4.11 Liens 84 54 Section 4.12 Liens 55 Section 4.13 Limitations on Finance Corp. Activities 56 Section 4.14 Corporate Existence 85 56 Section 4.13 4.15 Offer to Repurchase Upon Change of Control 85 Section 4.14 Limitation on Issuances of Guarantees by Subsidiary Guarantors 86 Section 4.15 Fall-Away Event 87 56 Section 4.16 Restrictions on Activities of the Co-Issuer 87 Additional Guarantors 58 Section 4.17 Master Lease 87 Designation of Restricted and Unrestricted Subsidiaries 58 Section 4.18 Future Guarantors 87 Covenant Termination 58 ARTICLE 5

DEFINITIONS AND INCORPORATION. BY REFERENCE 1 Section 1.01 1.01. Definitions 1 Section 1.02 1.02. Other Definitions 43 26 Section 1.03 1.03. Incorporation by Reference of Trust Indenture Act 44 26 Section 1.04 1.04. Rules of Construction 44 26 ARTICLE 2 THE NOTES 27 Section 2.01 2.01. Form and Dating 44 27 Section 2.02 2.02. Execution and Authentication 46 27 Section 2.03 2.03. Registrar and Paying Agent 46 28 Section 2.04 2.04. Paying Agent to Hold Money in Trust 47 28 Section 2.05 2.05. Holder Lists 47 29 Section 2.06 2.06. Transfer and Exchange 47 29 Section 2.07 2.07. Replacement Notes 59 29 Section 2.08 2.08. Outstanding Notes 59 29 Section 2.09 Treasury Notes 60 Section 2.10 2.09. Temporary Notes 60 30 Section 2.11 2.10. Cancellation 60 30 Section 2.12 2.11. Defaulted Interest 60 30 Section 2.13 2.12. CUSIP Numbers 30 Section 2.13. Issuance of Additional Notes 61 Section 2.14 Method of Submission 61 Section 2.15 Trustee’s Duty to Monitor 61 31 ARTICLE 3 REDEMPTION AND PREPAYMENT 31 Section 3.01 3.01. Notices to Trustee 61 31 Section 3.02 3.02. Selection of Notes to Be be Redeemed or Purchased 62 31 Section 3.03 3.03. Notice of Redemption 62 32 Section 3.04 3.04. Effect of Notice of Redemption 63 33 Section 3.05 3.05. Deposit of Redemption or Purchase Price 64 33 Section 3.06 3.06. Notes Redeemed or Purchased in Part 64 34 Section 3.07 3.07. Optional Redemption 64 34 Section 3.08 3.08. Mandatory Redemption 65 35 Section 3.09 Gaming Redemption 65 3.09. Offer to Purchase by Application of Excess Proceeds 35 Section 3.10. Purchase of Notes 37 ARTICLE 4 COVENANTS 37 Section 4.01 4.01. Payment of Notes 66 37 Section 4.02 4.02. Maintenance of Office or Agency 66 37 Section 4.03 4.03. Reports 66 38 Section 4.04 4.04. Compliance Certificate 67 39 Section 4.05 4.05. Taxes 39 Section 4.06. Stay, Extension and Usury Laws 68 39 Section 4.06 4.07. Limitation on Restricted Payments 68 39 Section 4.07 4.08. Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 72 Page 43 Section 4.08 4.09. Limitation on Incurrence of Indebtedness 75 and Issuance of Preferred Stock 45 Section 4.09 4.10. Limitation on Asset Sales 80 48 Section 4.10 4.11. Limitation on Transactions with Affiliates 82 50 Section 4.11 4.12. Limitation on Liens 84 51 Section 4.12 Corporate 4.13. Additional Subsidiary Guarantees 51 Section 4.14. Organizational Existence 85 52 Section 4.13 4.15. Offer to Repurchase Upon Change of Control 85 52 Section 4.14 4.16. No Inducements 55 Section 4.17. Permitted Business Activities 55 Section 4.18. Sale and Leaseback Transactions 55 Section 4.19. Covenant Termination 56 Section 4.20. Designation of Restricted and Unrestricted Subsidiaries 56 ARTICLE 5 SUCCESSORS 56 Section 5.01. Merger, Consolidation, or Sale of Assets 56 Section 5.02. Successor Substituted 58 ARTICLE 6 DEFAULTS AND REMEDIES 59 Section 6.01. Events of Default 59 Section 6.02. Acceleration 61 Section 6.03. Other Remedies 61 Section 6.04. Waiver of Past Defaults 61 Section 6.05. Control by Majority 62 Section 6.06. Limitation on Issuances Suits 62 Section 6.07. Rights of Holders of Notes to Receive Payment 62 Section 6.08. Collection Suit by Trustee 63 Section 6.09. Trustee May File Proofs of Claim 63 Section 6.10. Priorities 63 Section 6.11. Undertaking for Costs 64 ARTICLE 7 TRUSTEE 64 Section 7.01. Duties of Trustee 64 Section 7.02. Rights of Trustee 65 Section 7.03. Individual Rights of Trustee 66 Section 7.04. Trustee’s Disclaimer 66 Section 7.05. Notice of Defaults 66 Section 7.06. Reports by Trustee to Holders of the Notes 67 Section 7.07. Compensation and Indemnity 67 Section 7.08. Replacement of Trustee 68 Section 7.09. Successor Trustee by Merger, etc. 69 Section 7.10. Eligibility; Disqualification 69 Section 7.11. Preferential Collection of Claims Against Issuers 69 ARTICLE 8 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 69 Section 8.01. Option to Effect Legal Defeasance or Covenant Defeasance 69 Section 8.02. Legal Defeasance and Discharge 70 Section 8.03. Covenant Defeasance 70 Section 8.04. Conditions to Legal or Covenant Defeasance 71 Section 8.05. Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions 72 Section 8.06. Repayment to Issuers 73 Section 8.07. Reinstatement 73 Section 8.08. Discharge 73 ARTICLE 9 AMENDMENT, SUPPLEMENT AND WAIVER 75 Section 9.01. Without Consent of Holders of Notes 75 Section 9.02. With Consent of Holders of Notes 76 Section 9.03. Compliance with Trust Indenture Act 77 Section 9.04. Effect of Consents 77 Section 9.05. Notation on or Exchange of Notes 77 Section 9.06. Trustee to Sign Amendments, etc. 77 ARTICLE 10 GUARANTEES OF NOTES 78 Section 10.01. Guarantees by 78 Section 10.02. Subsidiary Guarantors 86 May Consolidate, etc., on Certain Terms 79 Section 4.15 Fall-Away Event 87 10.03. Releases of Subsidiary Guarantees 79 Section 4.16 Restrictions 10.04. Limitation on Activities Subsidiary Guarantor Liability 80 ARTICLE 11 MISCELLANEOUS 80 Section 11.01. Trust Indenture Act Controls 80 Section 11.02. Notices 80 Section 11.03. Communication by Holders of Notes with Other Holders of Notes 81 Section 11.04. Certificate and Opinion as to Conditions Precedent 82 Section 11.05. Statements Required in Certificate or Opinion 82 Section 11.06. Rules by Trustee and Agents 82 Section 11.07. No Personal Liability of Directors, Officers, Employees and Unitholders 82 Section 11.08. Business Days 83 Section 11.09. Governing Law 83 Section 11.10. No Adverse Interpretation of Other Agreements 83 Section 11.11. Successors 83 Section 11.12. Severability 83 Section 11.13. Table of Contents, Headings, etc. 83 Section 11.14. Counterparts 83 Section 11.15. Acts of Holders 84 Section 11.16. Patriot Act 85 APPENDIX AND ANNEX RULE 144A/REGULATION S APPENDIX App. - 1 EXHIBIT 1 Form of Initial Note ANNEX A Form of Supplemental Indenture Annex A-1 This Indenture, dated as June 17, 2013, is among Summit Midstream Holdings, LLC, a Delaware limited liability company (the “Company”), Summit Midstream Finance Corp., a Delaware corporation (“Finance Corp.” and, together with the Company, the “Issuers”), Summit Midstream Partners, LP, a Delaware limited partnership (the “Parent”), the subsidiary guarantors listed on the signature pages hereof (each, a “Subsidiary Guarantor,” collectively, the “Subsidiary Guarantors” and together with the Parent, the “Guarantors”) and U.S. Bank National Association, a national banking association, as trustee (the “Trustee”). The Issuers, the Guarantors and the Trustee agree as follows for the benefit of each other and for the equal and ratable benefit of the Co-Issuer 87 Section 4.17 Master Lease 87 Section 4.18 Future Guarantors 87 ARTICLE 5Holders of the Issuers’ Initial Notes, Exchange Notes and Additional Notes:

DEFINITIONS AND INCORPORATION. BY REFERENCE Section 1.01 Definitions 1 Section 1.02 Other Definitions 43 31 Section 1.03 Incorporation by Reference of Trust Indenture Act 44 32 Section 1.04 Rules of Construction 44 32 ARTICLE 2 THE NOTES Section 2.01 Form and Dating 44 33 Section 2.02 Execution and Authentication 46 34 Section 2.03 Registrar and Paying Agent 46 35 Section 2.04 Paying Agent to Hold Money in Trust 47 35 Section 2.05 Holder Lists 47 35 Section 2.06 Transfer and Exchange 47 36 Section 2.07 Replacement Notes 59 48 Section 2.08 Outstanding Notes 59 48 Section 2.09 Treasury Notes 60 48 Section 2.10 Temporary Notes 60 49 Section 2.11 Cancellation 60 49 Section 2.12 Defaulted Interest 60 Section 2.13 Issuance of Additional Notes 61 Section 2.14 Method of Submission 61 Section 2.15 Trustee’s Duty to Monitor 61 49 ARTICLE 3 REDEMPTION AND PREPAYMENT Section 3.01 Notices to Trustee 61 49 Section 3.02 Selection of Notes to Be Redeemed or Purchased 62 50 Section 3.03 Notice of Redemption 62 50 Section 3.04 Effect of Notice of Redemption 63 51 Section 3.05 Deposit of Redemption or Purchase Price 64 51 Section 3.06 Notes Redeemed or Purchased in Part 64 52 Section 3.07 Optional Redemption 64 Section 3.08 Mandatory Redemption 65 Section 3.09 Gaming Redemption 65 52 ARTICLE 4 COVENANTS Section 4.01 Payment of Notes 66 53 Section 4.02 Maintenance of Office or Agency 66 53 Section 4.03 Reports 66 54 Section 4.04 Compliance Certificate 67 55 Section 4.05 Taxes 55 Section 4.06 Stay, Extension and Usury Laws 68 56 Section 4.06 4.07 Restricted Payments 68 56 Section 4.07 4.08 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 72 Page 60 Section 4.08 4.09 Incurrence of Indebtedness 75 and Issuance of Preferred Stock 62 Section 4.09 4.10 Asset Sales 80 65 Section 4.10 4.11 Transactions with Affiliates 82 Section 4.11 Liens 84 69 Section 4.12 Corporate Existence 85 Section 4.13 Offer to Repurchase Upon Change of Control 85 Section 4.14 Limitation on Issuances of Guarantees by Subsidiary Guarantors 86 Section 4.15 Fall-Away Event 87 Section 4.16 Restrictions on Activities of the Co-Issuer 87 Section 4.17 Master Lease 87 Section 4.18 Future Guarantors 87 ARTICLE 5Liens 71

DEFINITIONS AND INCORPORATION. BY REFERENCE Section 1.01 Definitions 1 Section 1.02 Other Definitions 43 27 Section 1.03 Incorporation by Reference of Trust Indenture Act 44 27 Section 1.04 Rules of Construction 44 28 ARTICLE 2 THE NOTES Section 2.01 Form and Dating 44 28 Section 2.02 Execution and Authentication 46 29 Section 2.03 Registrar and Paying Agent 46 30 Section 2.04 Paying Agent to Hold Money in Trust 47 30 Section 2.05 Holder Lists 47 30 Section 2.06 Transfer and Exchange 47 30 Section 2.07 Replacement Notes 59 41 Section 2.08 Outstanding Notes 59 41 Section 2.09 Treasury Notes 60 42 Section 2.10 Temporary Notes 60 42 Section 2.11 Cancellation 60 42 Section 2.12 Defaulted Interest 60 42 Section 2.13 Issuance of Additional Notes 61 Section 2.14 Method of Submission 61 Section 2.15 Trustee’s Duty to Monitor 61 CUSIP Numbers 43 ARTICLE 3 REDEMPTION AND PREPAYMENT Section 3.01 Notices to Trustee 61 43 Section 3.02 Selection of Notes to Be Redeemed or Purchased 62 43 Section 3.03 Notice of Redemption 62 44 Section 3.04 Effect of Notice of Redemption 63 45 Section 3.05 Deposit of Redemption or Purchase Price 64 45 Section 3.06 Notes Redeemed or Purchased in Part 64 45 Section 3.07 Optional Redemption 64 45 Section 3.08 Mandatory Redemption 65 Redemption; Open Market Purchases 46 Section 3.09 Gaming Redemption 65 Offer to Purchase by Application of Excess Proceeds 46 ARTICLE 4 COVENANTS Section 4.01 Payment of Notes 66 48 Section 4.02 Maintenance of Office or Agency 66 48 Section 4.03 Reports 66 49 Section 4.04 Compliance Certificate 67 50 Section 4.05 Taxes 51 Section 4.06 Stay, Extension and Usury Laws 68 51 Section 4.06 4.07 Restricted Payments 68 51 Section 4.07 4.08 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 72 Page 54 Section 4.08 4.09 Incurrence of Indebtedness 75 and Issuance of Preferred Stock 55 Page Section 4.09 4.10 Asset Sales 80 58 Section 4.10 4.11 Transactions with Affiliates 82 Section 4.11 Liens 84 59 Section 4.12 Liens 61 Section 4.13 Business Activities 61 Section 4.14 Corporate Existence 85 61 Section 4.13 4.15 Offer to Repurchase Upon Change of Control 85 Section 4.14 Limitation on Issuances of Guarantees by Subsidiary Guarantors 86 Section 4.15 Fall-Away Event 87 61 Section 4.16 Restrictions on Activities of the Co-Issuer 87 Additional Guarantees 63 Section 4.17 Master Lease 87 Designation of Restricted and Unrestricted Subsidiaries 63 Section 4.18 Future Guarantors 87 Impairment of Security Interest 63 Section 4.19 Post-Closing 64 Section 4.20 Further Assurances 64 ARTICLE 5

DEFINITIONS AND INCORPORATION. BY REFERENCE Section 1.01 Definitions 1 Section 1.02 Other Definitions 43 14 Section 1.03 Incorporation by Reference of Trust Indenture Act 44 15 Section 1.04 Rules of Construction 44 15 ARTICLE 2 THE ISSUANCE OF NOTES AND ADDITIONAL SECURITIES Section 2.01 Form and Dating 44 of Notes; Creation of Additional Securities 16 Section 2.02 Execution and Authentication 46 19 Section 2.03 Registrar and Paying Agent 46 19 Section 2.04 Paying Agent to Hold Money in Trust 47 20 Section 2.05 Holder Lists 47 20 Section 2.06 Transfer and Exchange 47 20 Section 2.07 Replacement Notes 59 Section 2.08 Outstanding Notes 59 Section 2.09 Treasury Notes 60 Section 2.10 Temporary Notes 60 Section 2.11 Cancellation 60 Section 2.12 Defaulted Interest 60 Section 2.13 Issuance of Additional Notes 61 32 Section 2.14 Method of Submission 61 2.08 Replacement Securities 32 Section 2.15 Trustee’s Duty to Monitor 61 2.09 Outstanding Securities 33 Section 2.10 Treasury Securities 33 Section 2.11 Temporary Securities 33 Section 2.12 Cancellation 33 Section 2.13 Defaulted Interest 34 ARTICLE 3 REDEMPTION AND PREPAYMENT Section 3.01 Notices to Trustee 61 34 Section 3.02 Selection of Notes to Be Redeemed or Purchased 62 34 Section 3.03 Notice of Redemption 62 35 Section 3.04 Effect of Notice of Redemption 63 36 Section 3.05 Deposit of Redemption or Purchase Price 64 36 Section 3.06 Notes Redeemed or Purchased in Part 64 37 Section 3.07 Optional Redemption 64 37 Section 3.08 Mandatory Redemption 65 Section 3.09 Gaming Redemption 65 38 ARTICLE 4 COVENANTS Section 4.01 Payment of Notes 66 38 Section 4.02 Maintenance of Office or Agency 66 38 Section 4.03 Reports 66 39 Section 4.04 Compliance Certificate 67 40 Section 4.05 Taxes 40 Section 4.06 Stay, Extension and Usury Laws 68 Section 4.06 Restricted Payments 68 40 Section 4.07 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 72 Page Liens 40 Section 4.08 Incurrence of Indebtedness 75 Limited Liability Company Existence 42 Section 4.09 Asset Sales 80 Section 4.10 Transactions with Affiliates 82 Section 4.11 Liens 84 Section 4.12 Corporate Existence 85 Section 4.13 Offer to Repurchase Upon Change of Control 85 Triggering Event 42 Section 4.14 Limitation on Issuances of 4.10 Additional Subsidiary Guarantees by Subsidiary Guarantors 86 Section 4.15 Fall-Away Event 87 Section 4.16 Restrictions on Activities of the Co-Issuer 87 Section 4.17 Master Lease 87 Section 4.18 Future Guarantors 87 ARTICLE 544 Page

DEFINITIONS AND INCORPORATION. BY REFERENCE Section 1.01 Definitions 1 Section 1.02 Other Definitions 43 26 Section 1.03 Incorporation by Reference of Trust Indenture Act 44 26 Section 1.04 Rules of Construction 44 27 ARTICLE 2 THE NOTES Section 2.01 Form and Dating 44 27 Section 2.02 Execution and Authentication 46 28 Section 2.03 Registrar and Paying Agent 46 28 Section 2.04 Paying Agent to Hold Money in Trust 47 29 Section 2.05 Holder Lists 47 29 Section 2.06 Transfer and Exchange 47 29 Section 2.07 Replacement Notes 59 41 Section 2.08 Outstanding Notes 59 41 Section 2.09 Treasury Notes 60 42 Section 2.10 Temporary Notes 60 42 Section 2.11 Cancellation 60 42 Section 2.12 Defaulted Interest 60 42 Section 2.13 Issuance of Additional Notes 61 43 Section 2.14 Method of Submission 61 Section 2.15 Trustee’s Duty to Monitor 61 CUSIP Numbers 43 ARTICLE 3 REDEMPTION AND PREPAYMENT Section 3.01 Notices to Trustee 61 43 Section 3.02 Selection of Notes to Be Redeemed or Purchased 62 43 Section 3.03 Notice of Redemption 62 44 Section 3.04 Effect of Notice of Redemption 63 45 Section 3.05 Deposit of Redemption or Purchase Price 64 45 Section 3.06 Notes Redeemed or Purchased in Part 64 45 Section 3.07 Optional Redemption 64 45 Section 3.08 Mandatory Redemption 65 46 Section 3.09 Gaming Redemption 65 Offer to Purchase by Application of Excess Proceeds 46 Section 3.10 Purchase of Notes 48 ARTICLE 4 COVENANTS Section 4.01 Payment of Notes 66 48 Section 4.02 Maintenance of Office or Agency 66 49 Section 4.03 Reports 66 49 Section 4.04 Compliance Certificate 67 50 Section 4.05 Taxes 51 Section 4.06 Stay, Extension and Usury Laws 68 51 Section 4.06 4.07 Restricted Payments 68 51 Page Section 4.07 4.08 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 72 Page 55 Section 4.08 4.09 Incurrence of Indebtedness 75 and Issuance of Preferred Stock 57 Section 4.09 4.10 Asset Sales 80 61 Section 4.10 4.11 Transactions with Affiliates 82 Section 4.11 Liens 84 63 Section 4.12 Liens 65 Section 4.13 Business Activities 65 Section 4.14 Corporate Existence 85 65 Section 4.13 4.15 Offer to Repurchase Upon Change of Control 85 Section 4.14 Limitation on Issuances of Guarantees by Subsidiary Guarantors 86 Section 4.15 Fall-Away Event 87 65 Section 4.16 Restrictions on Activities of the Co-Issuer 87 Payments for Consent 67 Section 4.17 Master Lease 87 Additional Note Guarantees 68 Section 4.18 Future Guarantors 87 Designation of Restricted and Unrestricted Subsidiaries 68 Section 4.19 Changes in Covenants if Notes Rated Investment Grade 69 ARTICLE 5

DEFINITIONS AND INCORPORATION. BY REFERENCE Section 1.01 Definitions 1 6 Section 1.02 Other Definitions 43 21 Section 1.03 Incorporation by Reference of Trust Indenture Act 44 21 Section 1.04 Rules of Construction 44 22 ARTICLE 2 THE NOTES Section 2.01 Form and Dating 44 22 Section 2.02 Execution and Authentication 46 23 Section 2.03 Registrar and Paying Agent 46 23 Section 2.04 Paying Agent to Hold Money in Trust 47 24 Section 2.05 Holder Lists 47 24 Section 2.06 Transfer and Exchange 47 24 Section 2.07 Replacement Notes 59 34 Section 2.08 Outstanding Notes 59 35 Section 2.09 Treasury Notes 60 35 Section 2.10 Temporary Notes 60 35 Section 2.11 Cancellation 60 35 Section 2.12 Defaulted Interest 60 Section 2.13 Issuance of Additional Notes 61 Section 2.14 Method of Submission 61 Section 2.15 Trustee’s Duty to Monitor 61 36 ARTICLE 3 REDEMPTION AND PREPAYMENT Section 3.01 Notices to Trustee 61 36 Section 3.02 Selection of Notes to Be Redeemed or Purchased 62 36 Section 3.03 Notice of Redemption 62 36 Section 3.04 Effect of Notice of Redemption 63 37 Section 3.05 Deposit of Redemption or Purchase Price 64 37 Section 3.06 Notes Redeemed or Purchased in Part 64 38 Section 3.07 Optional Redemption 64 38 Section 3.08 Mandatory Redemption 65 Disposition Pursuant to Gaming Laws 39 Section 3.09 Gaming Mandatory Redemption 65 40 ARTICLE 4 COVENANTS Section 4.01 Payment of Notes 66 41 Section 4.02 Maintenance of Office or Agency 66 41 Section 4.03 Reports 66 41 Section 4.04 Compliance Certificate 67 42 Section 4.05 Taxes 42 Section 4.06 Stay, Extension and Usury Laws 68 43 Section 4.06 4.07 Restricted Payments 68 Section 4.07 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 72 Page 43 Section 4.08 Incurrence of Indebtedness 75 and Issuance of Preferred Stock 45 Section 4.09 Asset Sales 80 Section 4.10 Transactions with Affiliates 82 47 Section 4.10 Liens 49 Section 4.11 Liens 84 Corporate Existence 50 Section 4.12 Corporate Existence 85 Section 4.13 Offer to Repurchase Upon Change of Control 85 50 Section 4.14 Limitation on Issuances 4.13 Maintenance of Guarantees by Subsidiary Guarantors 86 Section 4.15 Fall-Away Event 87 Section 4.16 Restrictions on Activities of the Co-Issuer 87 Section 4.17 Master Lease 87 Section 4.18 Future Guarantors 87 ARTICLE 5Interest Coverage 51