Document:

Officers’
		Certificate
	 

	 
		March 20, 2007

	 

	 
		                The undersigned, on behalf of The
		Stanley Works, a Connecticut corporation (the “Company”), acting
		pursuant to resolutions adopted by the Company’s Board of Directors (the
		“Board”) on February 21, 2007 (the “February Resolutions”)
		and resolutions adopted by the Pricing Committee (as defined in the February
		Resolutions) on March 15, 2007 (the “Pricing Committee Resolutions”),
		hereby establish a series of securities (the “Securities”) by means
		of this Officers’ Certificate. Unless otherwise specified, capitalized
		terms used but not defined in this Officers’ Certificate shall have the
		meanings ascribed to them in the indenture (the “Initial Indenture”),
		dated as of November 1, 2002, as supplemented by a supplemental indenture (the
		“Supplemental Indenture,” and together with the Initial Indenture,
		the “Indenture”), dated as of the date hereof, between the Company
		and The Bank of New York Trust Company, N.A., as successor trustee (the
		“Trustee”) to JP Morgan Chase Bank N.A. Pursuant to Section 3.1 of
		the Indenture and pursuant to the February Resolutions and the Pricing
		Committee Resolutions, there is hereby established a series of Securities
		which, in addition to the terms provided in the Indenture, shall have the
		following terms: 
	 

	 	 	                1.              
			 The title of the series of Securities shall be the 5.00% Notes due
			 2010.
		 
	 	                2.              
			 The CUSIP No. for the Securities is 854616AL3.
		 
	 	                3.              
			 The limit upon the aggregate principal amount of the Securities which may be
			 authenticated and delivered under the Indenture (except for Securities
			 authenticated and delivered upon registration of transfer of, or in exchange
			 for, or in lieu of, other Securities pursuant to Section 3.4, 3.5, 3.6, 9.5 or
			 11.7 of the Indenture) shall be $200,000,000.
		 
	 	                4.              
			 The Securities shall mature on May 15, 2010.
		 
	 	                5.              
			 The Securities shall bear interest from March 20, 2007 at the rate of 5.00% per
			 annum. 
		 
	 	                6.              
			 Interest shall be payable semiannually, in arrears, on March 15, and September
			 15, commencing on September 15, 2007, to the persons in whose names the
			 Securities are registered at the close of business on the preceding March 1 and
			 September 1, respectively.
		 
	 	                7.              
			 The Securities shall be issued only in denominations of $1,000 and integral
			 multiples of $1,000.
		 
	 	                8.              
			 Payment on the principal of (and premium, if any) and interest, on the
			 Securities shall be made, and notices or demands to or upon the Company in
			 respect of the Securities and the Indenture shall be served, at the principal
			 office of the Trustee at The Bank of New York Trust Company, N.A., 2 N. LaSalle
			 Street, Suite 1020, Chicago, IL 60602.

	 	
 
 

	 
	 

	 

	 	 	                9.              
			 The Securities shall be senior and unsecured and shall rank equally with all of
			 the Company’s existing and future senior and unsecured debt and rank
			 senior to all of the Company’s existing and future subordinated debt. The
			 Securities will be junior to all of the Company’s existing and future
			 secured debt.
		 
	 	                10.            
			 The Securities shall be issuable only in fully registered form, without
			 coupons, in denominations of $1,000 and integral multiples of $1,000, and the
			 Securities shall not be issued in the form of Bearer Securities or temporary
			 global Securities.
		 
	 	                11.            
			 The Securities shall be issued as Registered Securities in permanent global
			 form, as set forth in Sections 2.1 and 2.3 of the Indenture. The certificates
			 representing the global Securities will be deposited with, or on behalf of, a
			 custodian for The Depository Trust Company, New York, New York
			 (“DTC”) and registered in the name of Cede & Co., as nominee of
			 DTC.
		 
	 	                12.            
			 The Securities shall not be redeemable at the option of the
			 Company.
		 
	 	                13.            
			 The Company shall not be obligated to redeem or purchase any of such Securities
			 or at the option of any Holder thereof, other than upon a Change of Control
			 Triggering Event (as defined below), set forth in Section 24
			 hereof.
		 
	 	                14.            
			 The Securities shall not be convertible into shares of Common Stock and/or
			 exchangeable for other securities.
		 
	 	                15.            
			 Section 4.2(2) of the Indenture (relating to defeasance) and Section 4.2(3) of
			 the Indenture (relating to covenant defeasance) shall be applicable to the
			 Securities.
		 
	 	                16.            
			 The Securities shall not be issuable upon the exercise of warrants.
		 
	 	                17.            
			 The Securities shall be denominated in and principal of (and premium, if any)
			 or interest on the Securities shall be payable in such coin or currency of the
			 United States of America as at the time of payment is legal tender for payment
			 of public and private debts. 
		 
	 	                18.            
			 None of the principal of (and premium, if any) or interest on the Securities
			 will be payable at the election of the Company or a holder thereof in a
			 currency or currencies, currency unit or units or composite currency or
			 currencies other than that in which the Securities are denominated or stated to
			 be payable.
		 
	 	                19.            
			 The amount of payments of principal of (and premium, if any) or interest, on
			 the Securities shall not be determined with reference to an index or
			 formula.
		 
	 	                20.            
			 The Securities shall not contain any deletions from, modification of or
			 additions to the Events of Default or covenants of the Company contained in the
			 Indenture.
		 
	 	                21.            
			 The Security Register and Paying Agent for the Securities shall be the
			 Trustee.

	 	

			 
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	 	 	                22.            
			 Pursuant to Section 2.1 of the Indenture and pursuant to the February
			 Resolutions and the Pricing Committee Resolutions, the form of Securities
			 attached hereto as Annex A is hereby established as the form of the
			 Securities.
		 
	 	                23.            
			 Beneficial owners of interests in the Securities may exchange such interests
			 for Securities of the same series and of like tenor and of any authorized form
			 and denomination in the manner specified in Section 3.5 of the
			 Indenture.
		 
	 	                24.            
			 If a Change of Control Triggering Event occurs, a Holder will have the right to
			 require the Company to repurchase all or any part (equal to $1,000 or an
			 integral multiple of $1,000 in excess thereof) of its Securities pursuant to
			 the offer described below (the “Change of Control Offer”). In the
			 Change of Control Offer, the Company will offer payment in cash equal to 100%
			 of the aggregate principal amount of Securities to be repurchased plus accrued
			 and unpaid interest, if any, on the Securities repurchased, to the date of
			 purchase (the “Change of Control Payment”). Within 30 days following
			 any Change of Control Triggering Event, the Company will mail a notice to
			 Holders describing the transaction or transactions that constitute the Change
			 of Control Triggering Event and offering to repurchase the Securities on the
			 date specified in the notice, which date will be no earlier than 30 days and no
			 later than 60 days from the date such notice is mailed (the “Change of
			 Control Payment Date”), pursuant to the procedures and described in such
			 notice. The Company will comply with the requirements of Rule 14e-1 under the
			 Securities Exchange Act of 1934 (the “Exchange Act”) and any other
			 securities laws and regulations thereunder to the extent those laws and
			 regulations are applicable in connection with the repurchase of the Securities
			 as a result of a Change of Control Triggering Event. To the extent that the
			 provisions of any securities laws or regulations conflict with the Change of
			 Control provisions of the Securities, the Company will comply with the
			 applicable securities laws and regulations and will not be deemed to have
			 breached our obligations under the Change of Control provisions of the
			 Indenture by virtue of such conflicts. 
		 
	 	                                On the Change of Control Payment
			 Date, the Company will, to the extent lawful: (i) accept for payment all
			 Securities or portions of Securities properly tendered pursuant to the Change
			 of Control Offer; (ii) deposit with the paying agent an amount equal to the
			 Change of Control Payment in respect of all Securities or portions of
			 Securities properly tendered; and (iii) deliver or cause to be delivered to the
			 Trustee the Securities properly accepted together with an officers’
			 certificate stating the aggregate principal amount of Securities or portions of
			 Securities being purchased by us and the amount to be paid by the paying
			 agent.
		 
	 	                                For purposes of the foregoing
			 discussion of a repurchase at the option of Holders, the following definitions
			 are applicable: 
		 
		                                 “Below Investment Grade
			 Rating Event” means the Securities are rated below an Investment Grade
			 Rating by each of the Rating Agencies on any date from the date of the public
			 notice of an arrangement that could result in a Change of Control until
			 

	 	

			 
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	 		the end of the 60-day period following public notice of the occurrence
			 of the Change of Control (which 60-day period shall be extended so long as the
			 rating of the Securities is under publicly announced consideration for possible
			 downgrade by any of the Rating Agencies). 
		 
		                                “Change
			 of Control” means the occurrence of any of the following: (1) the direct
			 or indirect sale, transfer, conveyance or other disposition (other than by way
			 of merger or consolidation), in one or a series of related transactions, of all
			 or substantially all of the properties or assets of the Company and the
			 Company’s subsidiaries taken as a whole to any “person” (as that
			 term is used in Section 13(d)(3) of the Exchange Act) other than the Company or
			 one of the Company’s subsidiaries; (2) the consummation of any transaction
			 (including, without limitation, any merger or consolidation) the result of
			 which is that any “person” (as defined above) becomes the beneficial
			 owner, directly or indirectly, of more than 50% of the then outstanding total
			 voting power of all shares of the Company’s capital stock entitled to vote
			 generally in elections of directors; or (3) the first day on which a majority
			 of the members of the Company’s board of directors are not Continuing
			 Directors. 
		 
		                                “Change
			 of Control Triggering Event” means the occurrence of both a Change of
			 Control and a Below Investment Grade Rating Event. 
		 
		                                “Continuing
			 Directors” means, as of any date of determination, any member of the board
			 of directors of the Company who (1) was a member of such board of directors on
			 the date the Securities were first issued; or (2) was nominated for election or
			 elected to such board of directors with the approval of a majority of the
			 Continuing Directors who were members of such board of directors at the time of
			 such nomination or election. 
		 
		                                “Investment
			 Grade Rating” means a rating equal to or higher than Baa3 (or the
			 equivalent) by Moody’s and BBB— (or the equivalent) by S&P.
			 
		 
		                                “Moody’s”
			 means Moody’s Investors Service, Inc., and its successors. 
		 
		                                “Rating
			 Agencies” means (1) each of Moody’s and S&P; and (2) if either of
			 Moody’s or S&P ceases to rate the Securities or fails to make a rating
			 of the Securities publicly available for reasons outside of our control, a
			 “nationally recognized statistical rating organization” within the
			 meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act, as amended,
			 selected by us (as certified by a resolution of our board of directors) as a
			 replacement agency for Moody’s or S&P, or both, as the case may be.
			 

	 	

			 
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	 	 	                                “S&P”
			 means Standard & Poor’s Ratings Services, a division of The
			 McGraw-Hill Companies, Inc., and its successors.
	 	 
	 	                25.           
			 Each of the Securities shall be authenticated and delivered by the Trustee upon
			 delivery to the Trustee of (i) such Securities duly executed as provided in the
			 Indenture, with the terms set forth therein duly completed, (ii) the
			 Officers’ Certificate with respect to such Securities and (iii) a copy of
			 the February Resolutions and the Pricing Committee Resolutions, each such
			 resolutions certified by the Secretary of the Company.
		 
	 	                26.           
			 The internal laws, and not the laws of conflicts (other than Section 5-1401 of
			 the General Obligations Law of the State of New York), of New York shall govern
			 the enforceability and validity of this Officer’s Certificate
			 and the construction of its terms.
		 
	 	                27.           
			 The other terms and conditions of the Securities shall be substantially as set
			 forth in the Indenture relating to the Securities.

	 	

			 
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	 	                IN WITNESS WHEREOF, the
			 undersigned have hereunto executed this Officers’ Certificate as of the
			 date first written above.
	 	 
	 	                                               
			 
Name:    
			 
Title:       

	 	

			 
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		Annex
		AUNLESS THIS
			 CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
			 TRUST COMPANY 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 TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
			 REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE
			 TO CEDE & CO.), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
			 OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE 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 THE DEPOSITORY TRUST COMPANY 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 BOARD RESOLUTIONS SET FORTH IN AN OFFICER’S CERTIFICATE
		ESTABLISHING THE TERMS OF THIS NOTE.
	 

	 
		 
	 

	 

	 
	 

	 

	 	REGISTERED	PRINCPAL AMOUNT:
			 $200,000,000
	No.1	CUSIP 854616
			 AL3     

	 
		THE STANLEY
		WORKS

5.00% NOTE DUE MARCH 15, 2010
	 

	 
		        THE STANLEY WORKS, a corporation
		duly organized and existing under the laws of the State of Connecticut (herein
		referred to as the “Company”, which terms includes any successor
		Person under the Indenture), for value received, hereby promises to pay to CEDE
		& CO., or its registered assigns, the principal sum of TWO HUNDRED MILLION
		DOLLARS on March 15, 2010 (the “Stated Maturity”), and to pay
		interest on said principal sum semi-annually in arrears on March 15 and
		September 15 of each year commencing September 15, 2007 (each an “Interest
		Payment Date”) at the rate of 5.00% per annum, until the principal hereof
		is paid or made available for payment. Interest on the Securities of this
		series will accrue from March 20, 2007 (“the Issue Date”), to the
		first Interest Payment Date, and thereafter will accrue from the last Interest
		Payment Date to which interest has been paid or duly provided for. In the event
		that any Interest Payment Date or the date of Stated Maturity is not a Business
		Day, then payment of interest, principal or premium, if any, payable on such
		date will be made on the next succeeding day which is a Business Day (and
		without any interest or other payment in respect of such delay) with the same
		force and effect as if made on the Interest Payment Date or the date of Stated
		Maturity, as the case may be. The interest so payable, and punctually paid or
		duly provided for, on any Interest Payment Date will, as provided in such
		Indenture, be paid to the Person in whose name this Security (or one or more
		Predecessor Securities) is registered at the close of business on the March 1
		or September 1, as the case may be (the “Regular Record Date”),
		immediately preceding the relevant Interest Payment Date, provided, however,
		that interest payable at Maturity will be paid to the Person to whom principal
		is paid. Any such interest not so punctually paid or duly provided for will
		forthwith cease to be payable to the Holder on such Regular Record Date and may
		either be paid to the Person in whose name this Security (or one or more
		Predecessor Securities) is registered at the close of business on a Special
		Record Date for the payment of such Defaulted Interest to be fixed by the
		Company, notice whereof shall be given to Holders of Securities of this series
		not less than 10 days prior to such Special Record Date, or be paid at any time
		in any other lawful manner not inconsistent with the requirements of any
		securities exchange on which the Securities of this series may be listed, and
		upon such notice as may be required by such exchange, all as more fully
		provided in the Indenture referred to on the reverse hereof.
	 

	 
		        The principal of and premium, if
		any, and each installment of interest on this Security will be made upon
		presentation at the office or agency of the Company in The City of New York
		provided that the payment of interest may be made at the option of the Company
		by check mailed to the address of the persons entitled thereto or by wire
		transfer to an account designated by the person entitled thereto; and provided
		further that so long as the Securities of this series are registered in the
		name of The Depository Trust Company or its nominee all payments of principal,
		premium, if any, and interest in respect of this Security will be made in
		immediately available funds.
	 

	 
		        Reference is hereby made to the
		further provisions of this Security set forth on the reverse hereof, which
		further provisions shall for all purposes have the same effect as if set forth
		at this place. Any capitalized term which is used herein and not otherwise
		defined shall have the meaning ascribed to such term in the Indenture.
	 

	 
		        Unless the certificate of
		authentication hereon has been executed by the Trustee referred to below by
		manual signature, this Security shall not be entitled to any benefit under the
		Indenture or be valid or obligatory for any purpose.
	 

	 
		 
	 

	 

	 
	 

	 

	 
		        IN WITNESS WHEREOF, the Company
		has caused this instrument to be duly executed in its name by
		__________________ the __________________of the Company.
	 

	 	 	THE STANLEY WORKS
	   
	 	 
	 	By:  ____________________________________________________
	 	        Name:
	 	        Title:

	 
		TRUSTEE’S
		CERTIFICATE OF AUTHENTICATION
	 

	 
		        This is one of the Securities of
		the series designated therein referred to in the within-mentioned
		Indenture.
	 

	 	Date: 
			 March 20, 2007	 
	 	 THE BANK OF
			 NEW YORK TRUST COMPANY, 
N.A., as Trustee
	   
	 	 
	 	By:  ___________________________________________________
	 	        Authorized
			 Signatory

	 
		 
	 

	 

	 
	 

	 

	 
		REVERSE OF
		SECURITY
	 

	 
		        This Security is one of a duly
		authorized issue of securities of the Company (herein called the
		“Securities”), designated as its 5.00% Notes due 2010, all issued and
		to be issued under the Indenture, dated as of November 1, 2002 (herein,
		together with any amendments thereto, called the “Indenture”, which
		term shall have the meaning assigned to it in such instrument), between the
		Company and The Bank of New York Trust Company, N.A., as successor trustee
		(herein called the “Trustee”, which term includes any successor
		trustee under the Indenture) to JPMorgan Chase Bank, and reference is hereby
		made to the Indenture, including the Board Resolutions and Officer’s
		Certificate filed with the Trustee on March 20, 2007, creating such issue for a
		statement of the respective rights, limitations of rights, duties and
		immunities thereunder of the Company, the Trustee and the Holders of the
		Securities and of the terms upon which the Securities are, and are to be,
		authenticated and delivered.
	 

	 
		General
		Provisions
	 

	 
		        The provisions for defeasance of
		the entire Indebtedness of this Security upon compliance with certain
		conditions set forth in the Indenture shall apply to the Securities.
	 

	 
		        If an Event of Default with
		respect to Securities of this series shall occur and be continuing, the
		principal of the Securities of this series may be declared due and payable in
		the manner and with the effect provided in the Indenture.
	 

	 
		        The Indenture permits, with
		certain exceptions as therein provided, the amendment thereof by supplemental
		indenture and the modification of the rights and obligations of the Company and
		the rights of the Holders of the Securities of each series to be affected under
		the Indenture by the Company (when authorized by or pursuant to a Board
		Resolution) and the Trustee with the consent of the Holders of a majority in
		principal amount of the securities at the time Outstanding of each series to be
		affected. The Indenture contains provisions permitting the Holders of a
		majority in aggregate principal amount of the securities of all series then
		Outstanding to waive compliance by the Company with certain provisions of the
		Indenture. The Indenture also contains provisions permitting the Holders of a
		majority in principal amount of the securities of each series at the time
		Outstanding, on behalf of the Holders of all securities of such series, to
		waive certain past defaults under the Indenture and their consequences. Any
		such consent or waiver by the Holder of this Security shall be conclusive and
		binding upon such Holder and upon all future Holders of this Security and of
		any Security issued upon the registration of transfer hereof or in exchange
		herefor on in lieu hereof, whether or not notation of such consent or waiver is
		made upon this Security.
	 

	 
		        As provided in and subject to the
		provisions of the Indenture, the Holder of this Security shall not have the
		right to institute any proceeding with respect to the Indenture or for the
		appointment of a receiver or trustee or for any other remedy thereunder, unless
		such Holder shall have previously given the Trustee written notice of a
		continuing Event of Default with respect to the Securities of this series, the
		Holders of not less than 25% in aggregate principal amount of the Securities of
		such series at the time Outstanding in respect of which an Event of Default
		shall have occurred and be continuing, shall have made written request to the
		Trustee to institute proceedings in respect of such Event of Default in its own
		name as Trustee and offered the Trustee indemnity reasonably satisfactory to
		the Trustee, the Trustee for 60 days after receipt of such notice, request and
		offer of indemnity shall have failed to institute any such proceeding, and no
		direction inconsistent with such written request shall have been given to the
		Trustee during such 60-day period by the Holders of a majority in aggregate
		principal amount of the Securities of such series at the time Outstanding in
		respect of which an Event of Default shall have occurred and be continuing. The
		foregoing shall not apply to any suit instituted by the Holder of this Security
		for the enforcement of any payment of principal hereof, any premium, or
		interest hereon on or after the respective due dates expressed herein.
	 

	 
		        No reference herein to
		the Indenture and no provision of this Security or of the Indenture shall alter
		or impair the obligation of the Company, which is absolute and unconditional,
		to pay the principal of and any premium and interest on this Security at the
		times, place and rate, and in the coin or currency, herein prescribed.
	 

	 
		        The Securities of this issue are
		issuable only in registered form without coupons in denominations of $1,000 and
		in integral multiples thereof.
	 

	 
		 
	 

	 

	 
	 

	 

	 
		        As provided in the Indenture and
		subject to certain limitations therein set forth, Securities of this issue are
		exchangeable for a like aggregate principal amount of Securities of this issue
		and of like tenor and of authorized denominations, as requested by the Holder
		surrendering the same. No service charge shall be made for any such
		registration of transfer or exchange, but the Company may require payment of a
		sum sufficient to cover any tax or other governmental charge payable in
		connection therewith. 
	 

	 
		        The Company, the Trustee and any
		agent of the Company or the Trustee may treat the Person in whose name this
		Security is registered as the absolute owner hereof for all purposes, whether
		or not this Security be overdue, and neither the Company, the Trustee nor any
		such agent shall be affected by notice to the contrary.
	 

	 
		        This Security shall be governed
		by and construed in accordance with the laws of the State of New York.
	 

	 
		        All terms used in this Security
		which are defined in the Indenture shall have the meanings assigned to them in
		the Indenture and in the Officer’s Certificate establishing the terms of
		the Securities of this issue.
	 

	 
		Change of
		Control
	 

	 
		        If a Change of Control
		Triggering Event occurs, Holders shall have the right to require the Company to
		repurchase all or any part (equal to $1,000 principal amount or an integral
		multiple of $1,000 in excess thereof) of the Holders’ Securities pursuant
		to the offer described below (the “Change of Control Offer”). In the
		Change of Control Offer, the Company will offer payment in cash equal to 100%
		of the aggregate principal amount of Securities to be repurchased plus accrued
		and unpaid interest, if any, on the Securities repurchased, to the date of
		purchase (the “Change of Control Payment”). Within 30 days following
		any Change of Control Triggering Event, the Company shall mail a notice to the
		Holders describing the transaction or transactions that constitute the Change
		of Control Triggering Event and offering to repurchase the Securities on the
		date specified in the notice, which date will be no earlier than 30 days and no
		later than 60 days from the date such notice is mailed (the “Change of
		Control Payment Date”), pursuant to the procedures and described in such
		notice. The Company shall comply with the requirements of Rule 14e-1 under the
		Securities Exchange Act of 1934, as amended, and any other securities laws and
		regulations thereunder to the extent those laws and regulations are applicable
		in connection with the repurchase of the Securities as a result of a Change of
		Control Triggering Event. To the extent that the provisions of any securities
		laws or regulations conflict with the Change of Control provisions of the
		Securities, the Company shall comply with the applicable securities laws and
		regulations and shall not be deemed to have breached its obligations under the
		Change of Control provisions of the Securities by virtue of such
		conflicts.
	 

	 
		On the Change of
		Control Payment Date, the Company will, to the extent lawful:
	 

	 	• 	accept for payment all Securities or portions of Securities properly
			 tendered pursuant to the Change of Control Offer;
		 
	•	deposit with the Paying Agent an amount equal to the Change of Control
			 Payment in respect of all Securities or portions of Securities properly
			 tendered; and
		 
	•	deliver or cause to be delivered to the Trustee the Securities
			 properly accepted together with an Officer’s Certificate stating the
			 aggregate principal amount of Securities or portions of Securities being
			 purchased by the Company and the amount to be paid by the Paying
			 Agent.

	 
		For purposes of the
		foregoing, the following definitions are applicable:
	 

	 	        “Below Investment
			 Grade Rating Event” means the Securities are rated below an Investment
			 Grade Rating by each of the Rating Agencies on any date from the date of the
			 public notice of an arrangement that could result in a Change of Control until
			 the end of the 60-day period following public notice of the occurrence of the
			 Change of Control (which 60-day period shall be extended so long as the rating
			 of the Securities is under publicly announced consideration for possible
			 downgrade by any of the Rating Agencies).
	 
	        “Change of
			 Control” means the occurrence of any of the following: (1) the direct or
			 indirect sale, transfer, conveyance or other disposition (other than by way of
			 merger or consolidation), in one or a series of related transactions, of all or
			 substantially all of the properties or assets of the Company and the
			 Company’s Subsidiaries 

	 
		 
	 

	 

	 
	 

	 

	 
		taken as a whole to
		any “person” (as that term is used in Section 13(d)(3) of the
		Securities Exchange Act of 1934, as amended) other than the Company or one of
		the Company’s Subsidiaries; (2) the consummation of any transaction
		(including, without limitation, any merger or consolidation) the result of
		which is that any “person” (as defined above) becomes the beneficial
		owner, directly or indirectly, of more than 50% of the then outstanding total
		voting power of all shares of the Company’s capital stock entitled to vote
		generally in elections of directors; or (3) the first day on which a majority
		of the members of the Company’s board of directors are not Continuing
		Directors.
	 

	 	        “Change of
			 Control Triggering Event” means the occurrence of both a Change of Control
			 and a Below Investment Grade Rating Event.
	 
	        “Continuing
			 Directors” means, as of any date of determination, any member of the board
			 of directors of the Company who (1) was a member of such Board of Directors on
			 March 20, 2007 or (2) was nominated for election or elected to such Board of
			 Directors with the approval of a majority of the Continuing Directors who were
			 members of such Board of Directors at the time of such nomination or
			 election.
	 
	        “Investment Grade
			 Rating” means a rating equal to or higher than Baa3 (or the equivalent) by
			 Moody’s and BBB– (or the equivalent) by S&P.
	 
	        “Moody’s”
			 means Moody’s Investors Service, Inc., and its successors.
	 
	        “Rating
			 Agencies” means (1) each of Moody’s and S&P; and (2) if either of
			 Moody’s or S&P ceases to rate the Securities or fails to make a rating
			 of the Securities publicly available for reasons outside of the Company’s
			 control, a “nationally recognized statistical rating organization”
			 within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Securities Exchange
			 Act of 1934, as amended, selected by the Company (as certified by a resolution
			 of the Company’s Board of Directors) as a replacement agency for
			 Moody’s or S&P, or both, as the case may be.
	 
	        “S&P”
			 means Standard & Poor’s Ratings Services, a division of The
			 McGraw-Hill Companies, Inc., and its successors.

	 
		Further
		Issues
	 

	 
		        The Company may from
		time to time, without notice to or consent of the Holders of the Securities,
		issue additional securities of the same tenor, coupon and other items as the
		Securities, so that such additional securities and the Securities will form a
		single series of debt securities under the Indenture. 
	 

	 
		 
	 

	 

	 
	 

	 

	 	TRANSFER NOTICE
	 
	        FOR VALUE RECEIVED the
			 undersigned registered holder hereby sell(s), assign(s) and transfer(s)
			 unto
	 
	(Insert
			 Taxpayer Identification No.)
	 
	_______________________________________
	 
	________________________________________________________________________________
	(Please print or typewrite name and address including zip code of
			 assignee)
	 
	________________________________________________________________________________
	 
	________________________________________________________________________________
	 
	the within
			 Security and all rights thereunder, hereby irrevocably constituting and
			 appointing 
	 
	________________________________________________________________________________
	 
	attorney to
			 transfer such Security on the books of the Company with full power of
			 substitution in the premises.
	 
	Date: 
			                                 
	 

	 	 	NOTICE: The signature to this assignment must correspond with the name
			 as written upon the face of the within-mentioned instrument in every
			 particular, without alteration or any change whatsoever.

	 
		Signature
		Guarantee:

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