Second Supplemental Indenture



 Exhibit 4.12 
 SECOND SUPPLEMENTAL INDENTURE (this “Second Supplemental Indenture”), dated as of December 23, 2005 among Hexion Specialty Chemicals, Inc. (formerly known as Borden Chemical, Inc., or its
permitted successor), a New Jersey corporation (“Holdings”), Hexion CI Holding Company (China) LLC, a Delaware limited liability company and an indirect subsidiary of Holdings (the “Additional Subsidiary
Guarantor”), Hexion U.S. Finance Corp. (formerly known as Borden U.S. Finance Corp.), a Delaware corporation (“Hexion U.S.”) and Hexion Nova Scotia Finance, ULC (formerly known as Borden Nova Scotia Finance, ULC), a Nova
Scotia unlimited liability company (“Hexion Nova Scotia”, and together with Hexion U.S., the “Issuers”), and Wilmington Trust Company, as Trustee under the Indenture (the “Trustee”). 
 WITNESSETH: 
 WHEREAS, the
Issuers, Holdings and the Subsidiary Guarantors have heretofore executed and delivered to the Trustee an Indenture dated as of August 12, 2004 (as amended by the First Supplemental Indenture dated as of May 31, 2005, the
“Indenture”), providing for the issuance of Floating Rate Notes and Fixed Rate Notes (the “Notes”); 
 WHEREAS, pursuant to Section 4.11 and 10.06 of the Indenture, Holdings has agreed to cause the Additional Subsidiary Guarantor to execute and deliver to the Trustee a supplemental indenture pursuant to which such Additional
Subsidiary Guarantor will Guarantee payment on the Notes on the terms set forth in the Indenture; and 
 WHEREAS, pursuant to
Section 9.01(iv) of the Indenture, the Trustee and the Issuers are authorized to execute and deliver this Second Supplemental Indenture. 
 NOW THEREFORE, in consideration of the foregoing and for good and valuable consideration, the receipt of which is hereby acknowledged, the Issuers, the Additional Subsidiary Guarantor and the Trustee mutually covenant and agree for
the equal and ratable benefit of the Holders of the Notes as follows: 
 SECTION 1. Capitalized Terms. Capitalized terms used herein
but not defined shall have the meanings assigned to them in the Indenture. 
 SECTION 2. Guarantees. The Additional Subsidiary
Guarantor hereby agrees, jointly and severally with all other Guarantors, to guarantee the Issuers’ obligations under the Notes on the terms and subject to the conditions set forth in Article 10 of the Indenture and to be bound by all
other applicable provisions of the Indenture (including Article 11). 
 SECTION 3. 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. This Second 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. 
 SECTION 4. Notices. For purposes of the Indenture, the address for notice to Hexion U.S., Hexion Nova Scotia and the Additional Subsidiary Guarantor shall be the address for the Issuers and Guarantors set forth in Section 13.02
of the Indenture. 
  

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 SECTION 5. Governing Law. THIS SECOND SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 6. The Trustee. The Trustee shall not be responsible
in any manner whatsoever for or in respect of the validity or sufficiency of this Second Supplemental Indenture or for or in respect of the recitals contained herein, all of which are made solely by the Issuers and the Additional Subsidiary
Guarantor. The Trustee makes no representation as to the validity or sufficiency of this Second Supplemental Indenture. Except as otherwise expressly provided herein, no duties, responsibilities or liabilities are assumed, or shall be construed to
be assumed by the Trustee by reason of this Second Supplemental Indenture. This Second Supplemental Indenture is executed and accepted by the Trustee subject to all the terms and conditions set forth in the Indenture with the same force and effect
as if those terms and conditions were repeated at length herein and made applicable to the Trustee with respect hereto. In entering into this Second Supplemental Indenture, the Trustee shall be entitled to the benefit of every provision of the
Indenture relating to the conduct or affecting the liability or affording protection to the Trustee, whether or not elsewhere herein so provided. 
 SECTION 7. Counterparts. The parties may sign any number of copies of this Second Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 
 SECTION 8. Effect of Headings. The Section headings herein are for convenience only and shall not affect the construction of this Second
Supplemental Indenture. 
  

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

			
	 ISSUERS

	
	HEXION U.S. FINANCE CORP.
	
	HEXION NOVA SCOTIA FINANCE, ULC
		
	By:	 	 /s/ George F. Knight

	 Name:
	 	 George F. Knight

	 Title:
	 	 Vice President

	
	HOLDINGS
	
	HEXION SPECIALTY CHEMICALS, INC.
		
	By:	 	 /s/ William H. Carter

	 Name:
	 	 William H. Carter

	 Title:
	 	 Executive Vice President and Chief Financial Officer

	
	ADDITIONAL SUBSIDIARY GUARANTOR
	
	HEXION CI HOLDING COMPANY (CHINA) LLC
		
	By:	 	 /s/ George F. Knight

	 Name:
	 	 George F. Knight

	 Title:
	 	 Vice President



 Second Supplemental Indenture 
 to Borden August 2004 Indenture 
  

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

			
	TRUSTEE
	
	WILMINGTON TRUST COMPANY, as trustee
		
	 By:
	 	 /s/ Mary St. Amand

		 	 
	 Name:
	 	 Mary St. Amand

	 Title:
	 	 Assistant Vice President



 Second Supplemental Indenture 
 to Borden August 2004 Indenture 
  

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