Exhibit 4.10


 


 


HUNTSMAN
INTERNATIONAL LLC


 


(As successor by merger to Huntsman LLC)


 


AND


 


THE
GUARANTORS NAMED HEREIN,


 


AND


 


HSBC BANK USA,
NATIONAL ASSOCIATION


 


as Trustee


 


SUPPLEMENTAL INDENTURE


 


Dated as of August 16,
2005


 


to


 


Indenture


 


Dated as of June 22,
2004


 


11 1/2
%  Senior Notes due 2012

and

Senior Floating Rate Notes due 2011


 





















 


SUPPLEMENTAL INDENTURE,
dated as of August 16, 2005 (this “Supplemental
Indenture”), between HUNTSMAN INTERNATIONAL LLC, a Delaware limited
liability company (“HI”) as
successor by merger to Huntsman LLC, a Utah limited liability company (the “Company”), the existing Guarantors named
therein, the New Guarantors described herein, and HSBC BANK USA, NATIONAL
ASSOCIATION, a national banking association duly organized under the laws of
the United States, as trustee (the “Trustee”).
All capitalized terms used and not defined herein shall have the respective
meanings assigned to them in the Indenture.


 


WHEREAS, the Company, the Guarantors and the Trustee
are parties to an Indenture, dated as of June 22, 2004, as supplemented by
supplemental indenture dated July 11, 2005 
(the “Indenture”),
pursuant to which the Company issued its 11 1/2 %
Senior Notes Due 2012 and Senior Floating Rate Notes (collectively, the “Notes”);


 


WHEREAS, on the date hereof, the Company has merged
with and into HI, with HI continuing in existence as the Surviving Entity as
defined in Article V of the Indenture 
(the “Merger”);


 


WHEREAS, in accordance with the Indenture, HI hereby
wishes to expressly assume the rights and obligations of the Company under the
Notes and the Indenture;


 


WHEREAS, in connection with the Merger, the
Subsidiaries of HI who are listed on the signature page hereto under the
heading “New Guarantors” (the “New
Guarantors”) wish to become Guarantors under the Indenture in
accordance with Section 4.18 and Article X thereof;


 


WHEREAS, Section 9.01 of the Indenture provides
that the Company, the Guarantors and the Trustee may amend the Indenture by
means of this supplemental indenture without the consent of the holders of
Notes for the foregoing purposes;


 


WHEREAS, HI has delivered to the Trustee the
required Officers’ Certificate and Opinion of Counsel in connection with the
execution and delivery of this supplemental indenture; and


 


WHEREAS, the execution and delivery of this
Supplemental Indenture have been duly authorized and all conditions and
requirements necessary to make this Supplemental Indenture a valid and binding
agreement have been duly performed and complied with;


 


NOW, THEREFORE, for and in consideration of the
premises and other good and valuable consideration, the receipt and sufficiency
of which hereby are acknowledged, it is mutually covenanted and agreed, for the
equal proportionate benefit of all Holders of the Notes, as follows:


 


ARTICLE I


 


Assumption; Guarantees


 


Section 1.1                                   Assumption of Rights and
Obligations.  In
accordance with Section 5.01 of the Indenture, and effective upon
completion of the Merger, HI hereby assumes all rights and obligations of the
Company under the Notes and the Indenture. This assumption shall have the
effects set forth in the Indenture, including in Section 5.02 thereof, and
references in the Indenture to the Company shall refer to HI as successor until
a successor is provided for in accordance with the Indenture.


 


Section 1.2                                   Guarantees.  Each New Guarantor hereby, in compliance with
Section 4.18 of the Indenture, Guarantees the obligations of the Company
under the Indenture and the Notes in the manner specified in Section 10.01
of the Indenture, and becomes a party to the Indenture as a Guarantor, 


 





















 


in each case subject to all of the rights,
obligations and other provisions and limitations (including release provisions)
of the Indenture relating to Guarantors.


 


ARTICLE II


 


MISCELLANEOUS
PROVISIONS


 


Section 2.1                                   Upon
execution and delivery of this Supplemental Indenture, the terms and conditions
of this Supplemental Indenture shall be part of the terms and conditions of the
Indenture for any and all purposes, and all the terms and conditions of both
shall be read together as though they constitute one and the same instrument,
except that in case of conflict, the provisions of this Supplemental Indenture
will control.


 


Section 2.2                                   Each
of the Company, the Guarantors and the Trustee hereby confirms and reaffirms
the Indenture, as amended and supplemented by this Supplemental Indenture.


 


Section 2.3                                   The
parties may sign any number of copies of this Supplemental Indenture.  Each signed copy shall be an original, but
all of them together shall represent the same agreement.  One signed copy is enough to prove this
Supplemental Indenture.


 


Section 2.4                                   This
Supplemental Indenture shall be governed by, and construed in accordance with,
the laws of the State of New York.


 


Section 2.5                                   The
recitals contained herein shall be taken as the statements of the Company or
the Guarantors, as applicable, and the Trustee assumes no responsibility for
their correctness.  The Trustee shall not
be liable or responsible for the validity or sufficiency of this Supplemental
Indenture or the due authorization of this Supplemental Indenture by the
Company or the Guarantors.  In entering
into this Supplemental Indenture, the Trustee shall be entitled to the benefit
of every provision of the Indenture relating to the conduct of, affecting the
liability of or affording protection to the Trustee, whether or not elsewhere
herein so provided.


 


 [THE REMAINDER OF THIS PAGE IS INTENTIONALLY
LEFT BLANK]


 





















 


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


 


	
   

  	
  HUNTSMAN
  INTERNATIONAL LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ SEAN DOUGLAS

  	
   

  
	
   

  	
   

  	
  Name: Sean
  Douglas

  
	
   

  	
   

  	
  Title: Vice
  President and Treasurer

  
					



 





















 


EXISTING
GUARANTORS


 


	
   

  	
  Huntsman Chemical Purchasing Corporation

  
	
   

  	
  Huntsman International Chemicals Corporation

  
	
   

  	
  Huntsman International Trading Corporation

  
	
   

  	
  Huntsman Petrochemical Purchasing Corporation

  
	
   

  	
  Polymer Materials Inc.

  
	
   

  	
  Airstar Corporation

  
	
   

  	
  Huntsman Procurement Corporation

  
	
   

  	
  JK Holdings Corporation

  
	
   

  	
  Huntsman Australia Inc.

  
	
   

  	
  Huntsman Chemical Finance Corporation

  
	
   

  	
  Huntsman Enterprises Inc.

  
	
   

  	
  Huntsman Family Corporation

  
	
   

  	
  Huntsman Group Holdings Finance Corporation

  
	
   

  	
  Huntsman Group Intellectual Property Holdings Corporation

  
	
   

  	
  Huntsman International Services Corporation

  
	
   

  	
  Huntsman MA Investment Corporation

  
	
   

  	
  Huntsman MA Services Corporation

  
	
   

  	
  Huntsman Petrochemical Corporation

  
	
   

  	
  Huntsman Petrochemical Finance Corporation

  
	
   

  	
  Huntsman Expandable Polymers Company, LC

  
	
   

  	
   

  	
  By:

  	
  Huntsman International Chemicals Corporation,

  
	
   

  	
   

  	
  its Manager

  
	
   

  	
  Huntsman Petrochemical Canada Holdings Corporation

  
	
   

  	
  Huntsman Polymers Holdings Corporation

  
	
   

  	
  Huntsman Chemical Company LLC

  
	
   

  	
  Huntsman Polymers Corporation

  
	
   

  	
  Huntsman Purchasing, Ltd.

  
	
   

  	
   

  	
  By:

  	
  Huntsman Procurement Corporation,

  
	
   

  	
   

  	
   

  	
  its General Partner

  
	
   

  	
  Petrostar Industries LLC

  
	
   

  	
  Huntsman Headquarters Corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ SEAN DOUGLAS

  
	
   

  	
   

  	
  Name: Sean
  Douglas

  
	
   

  	
   

  	
  Title: Vice
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Huntsman Fuels, L.P.

  	
   

  
	
   

  	
   

  	
  By:

  	
  Petrostar Fuels LLC,

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
  Petrostar Fuels LLC

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ SAMUEL D. SCRUGGS

  
	
   

  	
   

  	
  Name: Samuel
  D. Scruggs

  
	
   

  	
   

  	
  Title: Vice
  President

  
													



 





















 


	
   

  	
  NEW
  GUARANTORS

  
	
   

  	
   

  
	
   

  	
  Eurofuels LLC

  
	
   

  	
  Eurostar Industries LLC

  
	
   

  	
  Huntsman EA Holdings, LLC

  
	
   

  	
  Huntsman Ethyleneamines Ltd.,

  
	
   

  	
   

  	
  By:

  	
  Huntsman EA Holdings LLC,

  its General Partner

  
	
   

  	
  Huntsman International Financial LLC

  
	
   

  	
  Huntsman International Fuels, L.P.

  
	
   

  	
   

  	
  By:

  	
  Eurofuels LLC, its General Partner

  
	
   

  	
  Huntsman Propylene Oxide Holdings LLC

  
	
   

  	
  Huntsman Propylene Oxide Ltd.

  
	
   

  	
   

  	
  By:

  	
  Huntsman Propylene Oxide Holdings 

  LLC, its General Partner

  
	
   

  	
  Huntsman Texas Holdings LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ SEAN DOUGLAS

  
	
   

  	
   

  	
  Name: Sean
  Douglas

  
	
   

  	
   

  	
  Title: Vice
  President

  
	
   

  	
   

  
	
   

  	
   

  
	
  Executed as a deed by

  	
  Tioxide Americas Inc.

  
	
   L. Russell Healy

  	
   

  	
   

  
	
  for and on behalf of

  	
   

  
	
  Tioxide
  Americas Inc.

  	
   

  	
  By:

  	
  /s/ L. RUSSELL HEALY

  
	
  in the
  presence of

  	
   

  	
  Name: L.
  Russell Healy

  
	
   

  	
   

  	
  Title: Vice
  President and Treasurer

  
	
   

  	
   

  
	
   /s/ MYKEL MASON

  	
   

  	
   

  
	
  Witness

  	
   

  
	
   

  	
   

  
	
   

  	
  Tioxide Group

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ J. KIMO ESPLIN

  
	
   

  	
   

  	
  Name: J.
  Kimo Esplin

  
	
   

  	
   

  	
  Title:
  Director

  
														



 





















 


	
   

  	
  HSBC BANK USA, NATIONAL ASSOCIATION

  
	
   

  	
  as Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ FRANK J. GODINO

  	
   

  
	
   

  	
    Name:
  Frank J. Godino

  
	
   

  	
    Title:
  Vice President