Document:

Amendment Number Two to Loan and Security Agreement

  
 Exhibit 10.3

 AMENDMENT NUMBER TWO TO 
 LOAN AND SECURITY AGREEMENT 
 This Amendment Number Two to Loan and
Security Agreement (this “Amendment”), dated as of November 9, 2010, is entered into among SPANSION INC., a Delaware corporation (“Parent”), SPANSION LLC, a Delaware limited liability company
(“Spansion”) and certain of Spansion’s subsidiaries party hereto (such subsidiaries together with Spansion, individually, a “Borrower” and, collectively, the “Borrowers”), each of the lenders
set forth on the signature pages hereof (collectively, the “Lenders”), and BANK OF AMERICA, N.A., a national banking association, as Administrative Agent, as Sole Lead Arranger, as Sole Bookrunner, and as agent for the
Lenders (in such capacity, “Agent”). Capitalized terms used and not otherwise defined herein shall have the meanings assigned to such terms in the Agreement (as defined below). 

R E C I T A L S 
 WHEREAS, Borrowers, Agent, and the Lenders previously entered into that certain Loan and Security Agreement, dated as of May 10, 2010 (as amended, restated, amended and restated, supplemented,
extended or otherwise modified in writing from time to time, the “Agreement”); and 
 WHEREAS, Borrowers,
Agent, and the Lenders desire to amend, in certain respects, the Agreement, and provide the consent set forth in this Amendment. Accordingly the parties hereto hereby agree as follows: 

A G R E E M E N T 
 NOW, THEREFORE, in consideration of the foregoing and the mutual covenants herein contained, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereby agree as follows: 
 Section 1. Amendments to the Agreement. Agent, the Required Lenders, and
Borrowers agree that the Agreement is hereby amended as of the Amendment Number Two Effective Date (as defined in Section 3) as follows 
 A. The following definitions set forth in Section 1.1 of the Agreement are deleted in their entirety and replaced with the following: 

Cash Equivalents: (a) marketable obligations issued or unconditionally guaranteed by, and backed by the full
faith and credit of, the United States government, maturing within 12 months of the date of acquisition; (b) certificates of deposit, time deposits and bankers’ acceptances maturing within 12 months of the date of acquisition, and
overnight bank deposits, in each case which are issued by a commercial bank organized under the laws of the United States or any state or district thereof, rated A-1 (or better) by S&P or P-1 (or better) by Moody’s at the time of
acquisition, and (unless issued by a Lender) not subject to offset 

  
 1 

 
rights; (c) repurchase obligations with a term of not more than 30 days for underlying investments of the types described in clauses (a) and (b) entered into with any bank meeting
the qualifications specified in clause (b); (d) commercial paper rated A-1 (or better) by S&P or P-1 (or better) by Moody’s, and maturing within nine months of the date of acquisition; (e) shares of any money market fund that has
substantially all of its assets invested continuously in the types of investments referred to above; and (f) in the case of a foreign Subsidiary, substantially similar investments to those referred in clauses (a) through (e) above, of
comparable credit quality (taking into account the jurisdictions where such foreign Subsidiary is in business), denominated in the currency of any jurisdiction in which such Person conducts business. 

Dominion/Covenant Trigger Event: at any time that (a) an Event of Default has occurred as of such date,
(b) as determined by Agent pursuant to current information available to Agent from Agent’s systems or as provided by Borrowers (which information Agent has reviewed and approved), the sum of Availability plus Qualified Cash is less than
$60,000,000 as of such date, or (c) as determined by Agent pursuant to current information available to Agent from Agent’s systems or as provided by Borrowers (which information Agent has reviewed and approved), the aggregate outstanding
Revolver Loans are in excess of $500,000 and Availability is less than $30,000,000 as of such date. 

Reporting Trigger Event: at any time that (a) an Event of Default has occurred as of such date, (b) as
determined by Agent pursuant to current information available to Agent from Agent’s systems or as provided by Borrowers (which information Agent has reviewed and approved), the sum of Availability plus Qualified Cash is less than $80,000,000 as
of such date, or (c) as determined by Agent pursuant to current information available to Agent from Agent’s systems or as provided by Borrowers (which information Agent has reviewed and approved), the aggregate outstanding Revolver Loans
are in excess of $500,000 and Availability is less than $30,000,000 as of such date. 
 B. The following definitions are hereby
added to Section 1.1 of the Agreement in the appropriate alphabetical order: 
 Amendment Number
Two: that certain Amendment Number Two to Loan and Security Agreement dated as of November 4, 2010. 

Amendment Number Two Effective Date: the date as of which Amendment Number Two shall become effective pursuant to
Section 3 thereof. 

  
 2 

  

Available Amount: the sum of the aggregate cumulative amount, not less than zero, of (a) Excess Cash Flow for
all full fiscal years ending after the Amendment Number Two Effective Date that is not required to be applied to the prepayment of the Loans pursuant to Section 2.03(b)(i) of the Term Loan Agreement, plus (b) the Net Proceeds received
after the Amendment Number Two Effective Date from the issuance and sale of Capital Stock (other than Disqualified Capital Stock) or the fair market value of any assets or property contributed to Borrowers, minus (c) the sum of the aggregate
amount of (i) Investments made after the Amendment Number Two Effective Date using the Available Amount pursuant to Section 7.03(k)(ii) of the Term Loan Agreement and (ii) Restricted Payments made after the Amendment Number Two
Effective Date using the Available Amount pursuant to Section 7.06(l)(ii) of the Term Loan Agreement. 

Consolidated Total Assets: of any Person as of any date means, the consolidated total assets of such Person and its
subsidiaries prepared as of such date in accordance with GAAP. 
 Excess Cash Flow: has the meaning given
thereto in the Term Loan Agreement as of Amendment Number Two Effective Date. 
 Japanese Restructuring:
the changing of the Japanese Receivables Subsidiary from a Japanese Subsidiary of Spansion to a new Domestic Subsidiary of Spansion and the use of a new Subsidiary for materials procurement purposes and the transactions related to the foregoing.

 Japanese Receivables Credit Facility: a credit facility entered into by the Japanese Receivables
Subsidiary; provided, that such facility (i) shall not be secured (except that such facility may be secured by receivables and the proceeds thereof of the Japanese Receivables Subsidiary or may have a negative pledge on such
receivables), (ii) shall not exceed $50,000,000 in the aggregate at any one time outstanding, (iii) shall not have any obligors other than the Japanese Receivables Subsidiary, and (iv) shall have terms that are otherwise customary for
facilities of such type. 
 Japanese Receivables Subsidiary: the Subsidiary of Spansion at any time
holding all or substantially all of the accounts receivable owed by customers of Spansion and its Subsidiaries from account debtors located in Japan. 
 Restricted Payment: any dividend or other distribution (whether in cash, securities or other property) with respect to any Capital Stock of any Person or any of its subsidiaries, or any payment
(whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, defeasance, 

  
 3 

 
acquisition, cancellation or termination of any such Capital Stock, or on account of any return of capital to any Person’s stockholders, partners or members (or the equivalent of any
thereof), or any option, warrant or other right to acquire any such dividend or other distribution or payment, but not including interest payments on any convertible debt before conversion occurs. 

Senior Notes: those certain 7.875% Senior Notes due 2017 issued under the Senior Notes Indenture. 

Senior Notes Indenture: that certain Indenture entered into by Spansion in connection with the issuance of the
Senior Notes, together with all instruments and other agreements entered into by Spansion in connection therewith. 
 C. The
definition of “Permitted Asset Disposition” set forth in Section 1.1 of the Agreement is amended by deleting clause (g) thereof in its entirety and replacing it with the following: 

(g) dispositions of assets (other than accounts receivable) by any Borrower and its Subsidiaries not otherwise permitted;
provided, that (x) dispositions of rights and interests in Intellectual Property shall not exceed $250,000,000 in the aggregate, (y) dispositions other than that of rights and interests in Intellectual Property and dispositions
covered by clause (z) below shall not exceed the greater of $100,000,000 and 10% of Consolidated Total Assets of the Borrowers, and (z) dispositions of probe cards and other assets to partners, suppliers or subcontractors in connection
with the provision of services or products to Borrowers or the Subsidiaries in the ordinary course of business shall be permitted in an aggregate amount not to exceed $10,000,000 at any time; provided, further, that (i) at the
time of any disposition under this clause (g), no Default or Event of Default shall exist or would result from such disposition and (ii) in the case of dispositions pursuant to clause (y), at least 75% of the purchase price for such asset shall
be paid to such Borrower or such Subsidiary solely in cash; 
 D. Section 9.1.15 of the Agreement is hereby amended
by adding the following after “Plan of Reorganization” in the second sentence thereof: “, Restrictive Agreements permitted under Section 10.2.14”. 

E. Section 10.2.1(k) of the Agreement is hereby deleted in its entirety and replaced with the following: 

(k) Debt of any Subsidiary that is not an Obligor owing to an Obligor that is otherwise permitted hereunder; 

  
 4 

  
 F.
Section 10.2.1(o) of the Agreement is hereby deleted in its entirety and replaced with the following: 
 (o) Debt incurred by the Japanese Receivables Subsidiary pursuant to a Japanese Receivables Credit Facility; 
 G. Section 10.2.1(p) of the Agreement is hereby amended by deleting the “and” at the end thereof. 
 H. Section 10.2.1(q) of the Agreement is hereby deleted in its entirety and replaced with the following: 

(q) unsecured Debt incurred under the Senior Notes in an aggregate principal amount of up to $200,000,000 and any
refinancings, refundings, renewals or extensions thereof or amendments thereto (it being understood that any such refinancing, refunding, renewal or extension shall be unsecured); provided, that (i) the amount of such Debt is not
increased at the time of such refinancing, refunding, renewal, extension or amendment except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such refinancing,
(ii) the direct or any contingent obligor with respect thereto is not changed as a result of or in connection with such refinancing, refunding, renewal, extension or amendment, (iii) the terms relating to principal amount, amortization,
maturity, subordination (if any), and other material terms taken as a whole, of any such refinancing, refunding, renewal or extension or amendment of such Debt, and of any agreement entered into and of any instrument issued in connection therewith,
are no less favorable in any material respect to the Obligors or the Lenders than the terms of any agreement or instrument governing the Debt being refinanced, refunded, renewed, extended or amended and (iv) the interest rate applicable to any
such refinanced, refunded, renewed, extended or amended Debt does not exceed the then applicable market interest rate; and 
 I.
Section 10.2.1(r) is hereby added to the Agreement as follows: 
 (r) Debt of Borrowers or any
Subsidiary not otherwise permitted under this Section 10.2.1 to the extent that immediately before and immediately after giving pro forma effect to any such Debt, (i) no Default or Event of Default shall have occurred and be
continuing and (ii) Parent and the Subsidiaries shall be in pro forma compliance with all of the covenants set forth in Section 10.3, such compliance to be determined on the basis of the financial information most recently delivered
to the Agent and the Lenders pursuant to Sections 10.1.2(a), (b), and (c) as though such Debt had been incurred as of the first day of the fiscal period covered thereby. 

  
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 J.
Section 10.2.2(l) of the Agreement is hereby deleted in its entirety and replaced with the following: 
 (l) Liens securing Debt permitted under (i) Section 10.2.1(o), but only to the extent that such Liens attach only to the receivables of Japanese Receivables Subsidiary and proceeds
thereof, and (ii) Section 10.2.1(l); 
 K. Sections 10.2.4(j) and (k) of the Agreement are
hereby amended by deleting the “and” at the end of clause (j) thereof and by deleting the “.” at the end of clause (k) and replacing it with “; and”. 

L. Section 10.2.4(l) is hereby added to the Agreement as follows: 

(l) Distributions by Borrowers and the Subsidiaries not otherwise permitted under Section 10.2.4 not to exceed
(i) 25,000,000, plus (ii) so long as no Default or Event of Default shall have occurred and be continuing at the time thereof or would result therefrom, additional Distributions up to the Available Amount. 

M. Section 10.2.5(e) of the Agreement is hereby deleted in its entirety and replaced with the following: 

(e) Investments by Obligors in joint ventures or Subsidiaries that are not Borrowers in an amount (or value) not to exceed
$40,000,000 in the aggregate at any time; 
 N. Section 10.2.5(k)(iv) of the Agreement is hereby deleted in its
entirety and replaced with the following: 
 (iv) [Intentionally Omitted.] 

O. Section 10.2.5(k)(v) of the Agreement is hereby deleted in its entirety and replaced with the following: 

(v)(A) immediately before and immediately after giving pro forma effect to any such purchase or other acquisition, no
Default or Event of Default shall have occurred and be continuing, (B) immediately after giving effect to such purchase or other acquisition, Parent shall be in pro forma compliance with the covenant set forth in Section 10.3, such
compliance to be determined on the basis of the financial information most recently delivered to Agent and Lenders pursuant to Sections 10.1.2(a), 10.1.2(b), and 10.1.2(c) as though such purchase or other acquisition had been
consummated as of the first day of the fiscal period covered thereby, and (C) for the 3 Business Days immediately before and 30 days immediately after giving effect to such purchase or other acquisition, the aggregate outstanding Revolver Loans
shall not exceed $500,000; 

  
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 P.
Section 10.2.5(l) is hereby added to the Agreement as follows: 
 (l) Investments not otherwise
permitted under Section 10.2.5 not to exceed (i) $25,000,000 at any time outstanding, plus (ii) so long as no Default or Event of Default shall have occurred and be continuing at the time thereof or would result therefrom,
additional Investments up to the Available Amount. 
 Q. Section 10.2.6 of the Agreement is hereby deleted in its
entirety and replaced with the following: 
 10.2.6 Disposition of Assets. Make any Asset Disposition,
except a Permitted Asset Disposition, a disposition of Equipment under Section 8.4.2, or a transfer of Property by a Subsidiary or Obligor to any Obligor. 
 R. Section 10.2.9 of the Agreement is hereby amended by deleting the introductory paragraph in its entirety and replacing it with the following: 

10.2.9 Fundamental Changes. (i) Without 30 days prior written notice to Agent, change its name or conduct
business under any fictitious name, change its tax, charter or other organizational identification number, or change its form or state of organization; or (ii) merge, combine or consolidate with any Person, or liquidate, wind up its affairs or
dissolve itself, in each case whether in a single transaction or in a series of related transactions, except: 
 S.
Section 10.2.17 of the Agreement is hereby deleted in its entirety and replaced with the following: 

10.2.17 Affiliate Transactions. Enter into or be party to any transaction with an Affiliate, except
(a) transactions contemplated by the Loan Documents; (b) payment of reasonable compensation to officers and employees for services actually rendered, and loans and advances permitted by Section 10.2.7; (c) payment of
customary directors’ fees and indemnities; (d) transactions solely among Obligors; (e) transactions with Affiliates that were consummated prior to the Closing Date, as shown on Schedule 10.2.17; (f) transactions with
Affiliates in the Ordinary Course of Business, upon fair and reasonable terms fully disclosed to Agent and no less favorable than would be obtained in a comparable arm’s-length transaction with a non-Affiliate; and (g) the Japanese
Restructuring. 
 Section 2. Limited Consents. 

A. Effective as of the Amendment Number Two Effective Date and without regard to whether such consent is required under any Loan Document,
the Lenders party hereto agree that the Obligors may enter into an amendment to and consent under the Term Loan Agreement that is comparable to this Amendment. 

  
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 B. The limited consent
set forth above shall be effective for the purposes set forth above and shall be limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan
Document, or (b) otherwise prejudice any right or remedy which Agent or Lenders may now have or may have in the future under or in connection with any Loan Document. 
 Section 3. Conditions Precedent. The satisfaction of each of the following shall constitute conditions precedent to the effectiveness of this Amendment and each and every provision hereof, and
this Amendment shall be effective as of the date upon which such conditions precedent shall be fully and completely satisfied (such date being the “Amendment Number Two Effective Date”): 

A. Amendment Fee. Receipt by Agent of an Amendment fee for the benefit of the Lenders, which shall be fully earned and due and
payable to Agent in the amount of $75,000. 
 B. Amendment. A fully executed copy of this Amendment signed by Borrowers
and the Required Lenders, and acknowledged by the Guarantors, shall be delivered to Agent. 
 C. Term Loan Amendment. A
fully executed copy of Amendment No.4 to the Term Loan Agreement. 
 Section 4. Miscellaneous. 

A. Survival of Representations and Warranties. All representations and warranties made in the Agreement or any other document or
documents relating thereto, including, without limitation, any Loan Document furnished in connection with this Amendment, shall survive the execution and delivery of this Amendment and the other Loan Documents, and no investigation by Agent or the
Lenders or any closing shall affect the representations and warranties or the right of Agent or the Lenders to rely thereon. 

B. Reference to Agreement. The Agreement and each of the other Loan Documents, and any and all other agreements, documents or
instruments now or hereafter executed and delivered pursuant to the terms hereof, or pursuant to the terms of the Agreement as amended hereby, are hereby amended so that any reference therein to the Agreement shall mean a reference to the Agreement
as amended hereby. 
 C. Agreement Remains in Effect. The Agreement and the other Loan Documents, as amended hereby,
remain in full force and effect and each Borrower ratifies and confirms its agreements and covenants contained therein. Each Borrower hereby confirms that, after giving effect to this Amendment, no Event of Default or Default exists as of the
effective date of this Amendment. 
 D. Severability. Any provision of this Amendment held by a court of competent
jurisdiction to be invalid or unenforceable shall not impair or invalidate the remainder of this Amendment and the effect thereof shall be confined to the provision so held to be invalid or unenforceable. 

  
 8 

  
 E. APPLICABLE
LAW. THIS AMENDMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF CALIFORNIA, WITHOUT GIVING EFFECT TO ANY CONFLICT OF LAW PRINCIPLES (BUT GIVING EFFECT TO FEDERAL LAWS RELATING TO NATIONAL BANKS). 

F. Successors and Assigns. This Amendment is binding upon and shall inure to the benefit of Agent, the Lenders, and Borrowers and
their respective successors and assigns; provided, however, that no Borrower may assign or transfer any of its rights or obligations hereunder without the prior written consent of the Lenders. 

G. Counterparts. This Amendment may be executed in one or more counterparts, each of which when so executed shall be deemed to be
an original, but all of which when taken together shall constitute one and the same instrument. 
 H. Headings. The
headings, captions and arrangements used in this Amendment are for convenience only and shall not affect the interpretation of this Amendment. 
 I. NO ORAL AGREEMENTS. THIS AMENDMENT, TOGETHER WITH THE OTHER LOAN DOCUMENTS AS WRITTEN, REPRESENTS THE FINAL AGREEMENT AMONG AGENT, THE LENDERS, AND BORROWERS AND MAY NOT BE CONTRADICTED BY
EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG AGENT, THE LENDERS, AND BORROWERS. 
 ***** 

  
 9 

  
 IN WITNESS WHEREOF,
the parties have executed this Amendment on the date first above written. 
  

			
	“BORROWER”
	
	 SPANSION LLC,

a Delaware limited liability company

		
	By:	 	 /s/ Randy W. Furr

	Name:	 	Randy W. Furr
	Title:	 	Executive Vice President and
Chief Financial Officer
	
	“PARENT”
	
	 SPANSION INC.,
 a Delaware corporation

		
	By:	 	 /s/ Randy W. Furr

	Name:	 	Randy W. Furr
	Title:	 	Executive Vice President and
Chief Financial Officer

  
 Amendment
Number Two to Loan and Security Agreement 

  

			
	AGENT AND LENDERS:
	
	 BANK OF AMERICA, N.A.,
 as Agent and a Lender

		
	By:	 	 /s/ Steven W. Sharp

	Name: Steven W. Sharp
	Title: Vice President

  
 Amendment
Number Two to Loan and Security Agreement 

  

			
	 WELLS FARGO CAPITAL FINANCE, LLC,
 as a Lender

		
	By:	 	 /s/ Krista Wade

	Name: Krista Wade
	Title: Vice President

  
 Amendment
Number Two to Loan and Security Agreement 

  
 ACKNOWLEDGMENT AND
REAFFIRMATION OF GUARANTY 
 Each of the undersigned parties (each, a “Guarantor”), (i) consents to and
approves the execution and delivery of this Amendment by the parties hereto, (ii) agrees that this Amendment does not and shall not limit or diminish in any manner the obligations of such Guarantor pursuant to the guaranty agreement delivered
in connection with the Agreement (the “Guaranty”) by the undersigned and that such obligations would not be limited or diminished in any manner even if such Guarantor had not reaffirmed this Amendment, (iii) agrees that this
Amendment shall not be construed as requiring the consent of such Guarantor in any other circumstance, (iv) reaffirms each of its obligations under the Guaranty, and (v) agrees that the Guaranty remains in full force and effect and is
hereby ratified and confirmed. 

  
 Acknowledgment
and Reaffirmation of Guaranty 

  

			
	“GUARANTORS”
	
	 SPANSION INTERNATIONAL, INC.,
 a Delaware corporation

		
	By:	 	 /s/ Randy W. Furr

	Name:	 	Randy W. Furr
	Title:	 	Chief Financial Officer and Treasurer

  
 Acknowledgment
and Reaffirmation of Guaranty 

  

			
	SPANSION INC.,
	a Delaware corporation
		
	By:	 	 /s/ Randy W. Furr

	Name:	 	Randy W. Furr
	Title:	 	Executive Vice President and
Chief Financial Officer

  
 Acknowledgment
and Reaffirmation of Guaranty 

  

			
	CERIUM LABORATORIES, LLC,
	a Delaware limited liability company
		
	By:	 	 /s/ Randy W. Furr

	Name:	 	Randy W. Furr
	Title:	 	Chief Financial Officer

  
 Acknowledgment
and Reaffirmation of Guaranty 

  

			
	SPANSION TECHNOLOGY LLC,
	a Delaware corporation
		
	By:	 	 /s/ Randy W. Furr

	Name:	 	Randy W. Furr
	Title:	 	Chief Financial Officer

  
 Acknowledgment
and Reaffirmation of GuarantyForm of certificate for Convertible Preferred Stock

  
 Exhibit 4.1

 FORM OF 4.75 % SERIES B PERPETUAL CUMULATIVE CONVERTIBLE PREFERRED STOCK 

 

			
	 Number:                 
	  	                     Shares

CUSIP NO.: 854502 606 
 4.75%
Series B Perpetual Cumulative Convertible Preferred Stock 
 (no par value) 

(liquidation preference $100 per share) 
 of 
 STANLEY BLACK & DECKER, INC. 

(FORM OF FACE OF SECURITY) 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE
COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE
TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL IN AS MUCH AS THE REGISTERED OWNER HEREOF,
CEDE & CO. HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO
NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE CERTIFICATE OF INCORPORATION OF THE
CORPORATION. 
 IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER
INFORMATION AS SUCH REGISTRAR AND TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 

STANLEY BLACK & DECKER, INC., a Connecticut corporation (the “Corporation”), hereby certifies that Cede & Co. or registered
assigns (the “Holder”) is the registered owner of a number of fully paid and non-assessable shares of preferred stock of the Corporation designated the “4.75% Series B Perpetual Cumulative Convertible Preferred Stock,” with no
par value and liquidation preference $100 per share (the “Convertible Preferred Stock”) as set forth in Schedule A hereto. The shares of Convertible Preferred Stock are transferable on the books and records of the Registrar, in person or
by a duly authorized attorney, upon surrender of this 

 
certificate duly endorsed and in proper form for transfer. The designation, rights, privileges, restrictions, preferences and other terms and provisions of the Convertible Preferred Stock
represented hereby are issued and shall in all respects be subject to the provisions of the Restated Certificate of Incorporation of the Corporation, as the same may be amended from time to time in accordance with its terms (the “Certificate of
Incorporation”). Capitalized terms used herein but not defined shall have the respective meanings given them in the Certificate of Incorporation. The Corporation will provide a copy of the Certificate of Incorporation to a Holder without charge
upon written request to the Corporation at its principal place of business. 
 Reference is hereby made to select provisions of the Convertible
Preferred Stock set forth on the reverse hereof, and to Section 3B of the Certificate of Incorporation, which select provisions and Section 3B the Certificate of Incorporation shall for all purposes have the same effect as if set forth at
this place. 
 Upon receipt of this certificate, the Holder is bound by the Certificate of Incorporation and is entitled to the benefits
thereunder. 
 Unless the Transfer Agent’s Certificate of Authentication hereon has been properly executed, the shares of Convertible
Preferred Stock evidenced hereby shall not be entitled to any benefit under the Certificate of Incorporation or be valid or obligatory for any purpose. 

  
 IN WITNESS WHEREOF, Stanley
Black & Decker, Inc. has executed this certificate as of the date set forth below. 
  

					
	STANLEY BLACK & DECKER, INC.
		
	By:	 	  

		 	Name:	  	
		 	Title:	  	
	
	Dated:                     

  
 (FORM OF TRANSFER
AGENT’S CERTIFICATE OF AUTHENTICATION) 
 This is one of the certificates representing shares of Preferred Stock referred to in the within
mentioned Certificate of Incorporation. 
  

					
	 COMPUTERSHARE INVESTOR SERVICES, LLC
 as Transfer Agent

		
	By:	 	  

		 	Name:	 	
		 	Title:	 	Authorized Signatory
	
	Dated:                     

  
 (FORM OF REVERSE OF
SECURITY) 
 STANLEY BLACK & DECKER, INC. 
 4.75% Series B Perpetual Cumulative Convertible Preferred Stock 
 Dividends on each share of
Convertible Preferred Stock shall be payable in cash at a rate per annum set forth on the face hereof or as provided in the Certificate of Incorporation. 
 The shares of Convertible Preferred Stock shall be redeemable as provided in the Certificate of Incorporation. The shares of Convertible Preferred Stock shall be convertible in the manner and according to
the terms set forth in the Certificate of Incorporation. If any Holder of shares of Preferred Stock elects to convert its shares in connection with a Fundamental Change, the Corporation will adjust the Conversion Rate for shares of Preferred Stock
surrendered for conversion as set forth in the Certificate of Incorporation. 
 As required under Connecticut law, the Corporation shall furnish
to any Holder upon request and without charge, a full summary statement of the designations, voting rights preferences, limitations and special rights of the shares of each class or series authorized to be issued by the Corporation so far as they
have been fixed and determined. 

  
 (FORM OF ASSIGNMENT)

 FOR VALUE RECEIVED, the undersigned assigns and transfers the shares of Convertible Preferred Stock evidenced hereby to:

  

			
	  
	  	
		
	  
	  	

 (Insert assignee’s social security or tax identification number) 

 

			
	  
	  	

 (Insert address and zip code of assignee) 

 

			
	  
	  	
		
	  
	  	

 and irrevocably appoints: 
  

			
	  
	  	

 agent to transfer the shares of Convertible Preferred Stock evidenced hereby on the books of the Transfer Agent
and Registrar. The agent may substitute another to act for him or her. 
 Date:
                     
 Signature:
                                     

(Sign exactly as your name appears on the other side of this 4.75% Convertible Preferred Stock) 

Signature
Guarantee:                                       
     1 

 
  

1 Signature must be guaranteed by an “eligible guarantor institution” (i.e., a bank, stockbroker, savings and
loan association or credit union) meeting the requirements of the Registrar, which requirements include membership or participation in the Securities Transfer Agents Medallion Program (“STAMP”) or such other “signature guarantee
program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended. 

  
 (FORM OF NOTICE OF
CONVERSION) 
 (To be Executed by the Registered Holder in order to Convert 4.75% Series B Perpetual 

Cumulative Convertible Preferred Stock) 
 The undersigned hereby irrevocably elects to convert (the “Conversion”)              shares of 4.75% Series B Perpetual
Cumulative Convertible Preferred Stock (the “Convertible Preferred Stock”), represented by stock certificate No(s).              (the “Convertible Preferred Stock
Certificates”) into shares of common stock, par value $2.50 per share (“Common Stock”), of Stanley Black & Decker, Inc. (the “Corporation”) according to the conditions of the Restated Certificate of Incorporation of
the Corporation, as the same may be amended from time to time in accordance with its terms, establishing the terms of the Convertible Preferred Stock (the “Certificate of Incorporation”), as of the date written below. If shares are to be
issued in the name of a person other than the undersigned, the undersigned will pay all transfer taxes payable with respect thereto and is delivering herewith such certificates. No fee will be charged to the holder for any conversion, except for
transfer taxes, if any. A copy of each Convertible Preferred Stock Certificate is attached hereto (or evidence of loss, theft or destruction thereof). 
 The Corporation is not required to issue shares of Common Stock until the original Convertible Preferred Stock Certificate(s) (or evidence of loss, theft or destruction thereof) to be converted are
received by the Corporation or its Transfer Agent. The Corporation shall issue and deliver shares of Common Stock to an overnight courier not later than two Business Days following receipt of the original Convertible Preferred Stock Certificate(s)
to be converted. 
 Capitalized terms used but not defined herein shall have the meanings ascribed thereto in or pursuant to the Certificate of
Incorporation. 
  

			
	
Date of Conversion:                  
                                         
                                         
                       
	 	
		
	 Applicable Conversion Rate:
                                         
                                         
                       
	 	

  

			
	 Number of shares of Convertible Preferred Stock
	 	
		
	
to be Converted:                       
                                         
              
	 	

  

			
	
Number of shares of Common Stock to be Issued:         
                                         
                           
	 	

			
		
	
Signature:                      
                                         
                                         
                                      
	 	
		
	
Name:                       
                                         
                                         
                                         
   
	 	
		
	 Address:2                   
                                         
                                         
                                         
 
	 	
		
	 Fax
No.:                                        
                                         
                                         
                       
	 	

  
 2 Address
where shares of Common Stock and any other payments or certificates shall be sent by the Corporation. 

  
 SCHEDULE A 

Stanley Black & Decker, Inc. 
 Global Preferred Share 
 4.75% Series B Perpetual Cumulative Convertible
Preferred Stock 
 The initial number of shares of Convertible Preferred Stock represented by this Global
Preferred Share shall be 0. The following exchanges of a part of this Global Preferred Share have been made: 
  

																	
	 Date of

Exchange
	  	Amount of decrease
in number 
of shares
represented by this
Global
Preferred Share	 	  	Amount of
increase in
number of shares
represented by this
Global
Preferred Share	 	  	Number of shares
represented 
by this
Global Preferred
Share following
such decrease
or
increase	 	  	Signature of authorized
officer of Registrar

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