Document:

Form of 5.450% Notes due 2041

 Exhibit 4.2 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN
WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE
INDENTURE. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW
YORK CORPORATION (“DTC”), TO MATTEL, INC., 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
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

 MATTEL, INC. 
 5.450% Notes due 2041 
  

			
	No. 001	  	$300,000,000 
	CUSIP NO. 577081AW2	  	

 MATTEL, INC., a corporation duly organized and existing under the laws of the State of Delaware (herein
called the “Company,” which term includes any successor person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of THREE HUNDRED
MILLION DOLLARS ($300,000,000) on November 1, 2041, and to pay interest thereon from November 8, 2011, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on May 1 and
November 1 in each year (each such date, an “Interest Payment Date”), commencing May 1, 2012. Interest will accrue at the rate of 5.450% per annum, until the principal hereof is paid or made available for payment. 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 regular record date for such interest, which shall be the April 15 or October 15 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. 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 Trustee, 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 said Indenture.

 Interest on this Security shall be calculated on a pro rata basis using twelve 30-day months and a 360-day year. 

In the event that an Interest Payment Date is not a Business Day, interest will be paid on the next day that is a Business Day, with the
same force and effect as if made on the Interest Payment Date, and without any interest or other payment with respect to the delay. If the date of Stated Maturity for the principal falls on a day that is not a Business Day, the payment of the
principal amount of this Security will be made on the next succeeding Business Day and no interest will accrue for the period from and after such date of Stated Maturity. “Business Day,” with respect to this Security, is a day other than a
Saturday, a Sunday or any other day on which banking institutions in the City of New York or the City of Los Angeles generally are authorized or required by law or executive order to close. 

 The Trustee shall act as Paying Agent with respect to the Securities of this series.

 Payment of the principal of and interest on this Security shall be payable at the Corporate Trust Office of Union Bank, N.A.,
located at 120 South San Pedro Street, Fourth Floor, Los Angeles, California 90012 or at such other office or agency of the Company maintained for that purpose in the City of Los Angeles, 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; provided, however, that at the option of the Company, interest may be paid by check mailed to the address of the person entitled thereto as such address
shall appear on the Security Register or by transfer to an account maintained by the payee with a bank located in the United States; and, provided, further, that so long as this Security is registered in the name of DTC or its nominee,
principal and interest payments will be paid to DTC or its nominee, as the Holder, by wire transfer in same-day 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. 
 All terms used in this Security which are defined in the
Indenture shall have the meanings assigned to them in the Indenture. Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof, directly or through an authenticating agent, by manual signature
of an authorized signatory, 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 duty executed under its
corporate seal. 
 Dated: November 8, 2011 

 

			
	MATTEL, INC.
		
	By:	 	 
	Name:	 	Mandana Sadigh 
	Title:	 	Senior Vice President and Treasurer 

 This is one of the Securities of the series designated therein referred to in the within-mentioned
Indenture. 
 Dated: November 8, 2011 
  

			
	 UNION BANK, N.A.

As Trustee

		
	By:	 	 
		 	Authorized Officer

 Note due 2041 

 [Form of Reverse of Note] 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be
issued in one or more series under an Indenture, dated as of September 23, 2010 (the “Indenture”), between the Company and Union Bank, N.A., as Trustee (herein called the “Trustee,” which term includes any successor trustee
under the Indenture), and reference is hereby made to the Indenture 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. This Security is one of the series designated on the face hereof. 
 The Company may redeem the Securities, in whole but not in part, in the event that the Company does not consummate the HiT Acquisition on or before the Acquisition Deadline Date, or the Stock Purchase
Agreement is terminated at any time on or before the Acquisition Deadline Date, at a redemption price equal to 101% of the aggregate principal amount of the Securities, plus accrued and unpaid interest to but excluding the Special Acquisition
Redemption Date. If the Company elects to redeem the Securities pursuant to this paragraph, the Company shall also redeem all of its 2.500% Notes due 2016 (the “2016 Notes”) pursuant to the special acquisition redemption provisions of the
2016 Notes. If the Company elects to redeem the Securities pursuant to this paragraph, the Company will cause notice of such redemption to be mailed, with a copy to the Trustee, to each Holder at its registered address within five Business Days
after the occurrence of the event that gives the Company the option to redeem the Securities. If funds sufficient to pay the special acquisition redemption price of all Securities to be redeemed on the Special Acquisition Redemption Date are
deposited with the Trustee on or before such Special Acquisition Redemption Date, plus accrued and unpaid interest, if any, to but excluding the Special Acquisition Redemption Date, the Securities will cease to bear interest and all rights under the
Securities shall terminate (other than in respect of the right to receive the special acquisition redemption price, plus accrued and unpaid interest). 
 “Acquisition Deadline Date” means May 1, 2012. 
 “Stock
Purchase Agreement” means the stock purchase agreement, dated as of October 23, 2011, by and among Mattel Entertainment Holdings Ltd., Helium Holdings 1A Ltd, HiT Entertainment Scottish Limited Partnership and, solely with respect to
Section 11.12 therein, Mattel, Inc. 
 “Special Acquisition Redemption Date” means the earlier to occur of
(1) May 31, 2012 (or, if such day is not a Business Day, the first Business Day thereafter) after the Acquisition Deadline Date or (2) the 30th day (or if such day is not a Business Day, the first Business Day thereafter) following
the termination of the Stock Purchase Agreement for any reason. 
 The Company may redeem all or part of the Securities herein
issued at any time or from time to time prior to May 1, 2041 at its option at a redemption price equal to the greater of (1) 100% of the principal amount of the Securities being redeemed plus accrued and unpaid interest to but excluding
the redemption date or (2) a “Make-Whole Amount” for the Securities being redeemed. 

 The Company may redeem all or part of the Securities herein issued at any time or from time
to time on or after May 1, 2041 at its option at a redemption price equal to 100% of the principal amount of the Securities being redeemed, plus accrued and unpaid interest to but excluding the redemption date . 

“Make-Whole Amount” means the sum, as determined by a Quotation Agent (as defined below), of the present values of the
principal amount of the Securities to be redeemed, together with scheduled payments of interest (exclusive of interest to the redemption date) from the redemption date to the Stated Maturity of the Securities discounted to the redemption date on a
semi-annual basis, assuming a 360-day year consisting of twelve 30-day months, at the Adjusted Treasury Rate (as defined below), plus accrued and unpaid interest on the principal amount of the Securities being redeemed to but excluding the
redemption date. 
 “Adjusted Treasury Rate” means, with respect to any redemption date, (i) the yield, under the
heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15 (519)” or any successor publication which is published weekly by the Board of Governors
of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the
Comparable Treasury Issue (as defined below) (if no maturity is within three months before or after the remaining term of the Securities, yields for the two published maturities most closely corresponding to the Comparable Treasury Issue shall be
determined and the Adjusted Treasury Rate shall be interpolated or extrapolated from such yields on a straight line basis, rounding to the nearest month) or (ii) if such release (or any successor release) is not published during the week
preceding the calculation date or does not contain such yields, the rate per year equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue assuming a price for the Comparable Treasury Issue (expressed as a percentage of
its principal amount) equal to the Comparable Treasury Price (as defined below) for such redemption date, in each case calculated on the third Business Day preceding the redemption date, plus 35 basis points. 

“Comparable Treasury Issue” means the United States Treasury security selected by the Quotation Agent as having a maturity
comparable to the remaining term from the redemption date to the Stated Maturity of the Securities that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt
securities of comparable maturity to the remaining term of the Securities. 
 “Comparable Treasury Price” means, with
respect to any redemption date, if clause (ii) of the definition of Adjusted Treasury Rate is applicable, the average of three, or such lesser number as is obtained by the Trustee, Reference Treasury Dealer Quotations for such redemption date.

 “Quotation Agent” means one Reference Treasury Dealer selected by the Company. 

 “Reference Treasury Dealers” means Merrill Lynch, Pierce, Fenner & Smith
Incorporated and Morgan Stanley & Co. LLC and any successor thereto and/or any other primary United States Government securities dealers selected by the Company. 
 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by a Reference Treasury Dealer, of the bid and
asking prices for the Comparable Treasury Issue, expressed in each case as a percentage of its principal amount, quoted in writing to the trustee by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding
such redemption date. 
 Notice of redemption will be mailed by first class mail to Holders of Securities, not less than 30 nor
more than 60 days prior to the date fixed for redemption, all as provided in the Indenture. 
 In the event of redemption of
this Security in part only, a new Security of this series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 

Upon the occurrence of a Change of Control Triggering Event (as defined below), unless all Securities have been called for redemption by
the Company as provided herein, each Holder of Securities shall have the right to require the Company to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of such Holder’s Securities pursuant to
the offer described herein below (the “Change of Control Offer”) at a purchase price in cash equal to 101% of the principal amount of such Securities plus accrued and unpaid interest thereon, if any, to the date of repurchase, subject to
the rights of Holders of Securities on the relevant record date to receive interest due on the relevant Interest Payment Date (the “Change of Control Payment”). 
 Within 30 days following the date upon which the Change of Control Triggering Event occurred, or at the Company’s option, prior to any Change of Control but after the public announcement of the
pending Change of Control, the Company shall send, by first-class mail, a notice to each Holder of Securities, with a copy to the Trustee, which notice shall govern the terms of the Change of Control Offer. Such notice shall state, among other
things, the CUSIP number for the Securities, that any Security not tendered will continue to accrue interest, and the purchase date, which shall be no earlier than 30 days nor later than 60 days from the date such notice is mailed, other than as
required by law (the “Change of Control Payment Date”). The notice, if mailed prior to the date of consummation of the Change of Control, shall state that the Change of Control Offer is conditioned on the Change of Control being
consummated on or prior to the Change of Control Payment Date. Holders of Securities electing to have Securities purchased pursuant to a Change of Control Offer will be required to surrender their Securities, with the form entitled “Option of
Holder to Elect Purchase” on the reverse of this Security completed, to the Paying Agent at the address specified in the notice, or transfer their Securities to the Paying Agent by book-entry transfer pursuant to the applicable procedures of
the Paying Agent, prior to the close of business on the third Business Day prior to the Change of Control Payment Date. 

 The Company shall comply with the requirements of Rule 14e-1 under 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 in Control Triggering Event. To the extent that the provisions of
any securities laws or regulations conflict with the Change of Control provisions, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations herein relating to such Change of
Control obligations by virtue of such conflict. 
 On the Change of Control Payment Date, the Company will, to the extent
lawful: (i) accept for payment all Securities or portions thereof 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 so accepted together with an Officers’ Certificate stating the aggregate principal amount of Securities or portions of
Securities being purchased by the Company. 
 The Paying Agent will promptly mail to each Holder of Securities properly tendered
the Change of Control Payment for such Securities, and the Trustee will promptly authenticate and mail (or cause to be transferred by book entry) to each Holder a new Security equal in principal amount to any unpurchased portion of the Securities
surrendered, if any; provided that each new Security will be in a principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. The Company will publicly announce the results of the Change of Control Offer on or as soon as
practicable after the Change of Control Payment Date. 
 The Company shall not be required to make a Change of Control Offer
upon a Change of Control Triggering Event if a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth herein applicable to a Change of Control Offer made by the Company
and purchases all Securities properly tendered and not withdrawn under such Change of Control Offer. 
 “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 more series of related transactions, of all or substantially all of the assets of the Company and its subsidiaries, taken as a whole, to any person, other than to the Company or
one of its subsidiaries; 
 (2) the consummation of any transaction (including, without limitation, any merger or consolidation)
the result of which is that any person becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the Company’s outstanding Voting Stock (as defined below) or other
Voting Stock into which the Company’s Voting Stock is reclassified, consolidated, exchanged or changed, measured by voting power rather than number of shares; 
 (3) the Company consolidates with, or merges with or into, any person, or any person consolidates with, or merges with or into, the Company, in any such event pursuant to a transaction in which any of the
Company’s outstanding Voting Stock or the Voting Stock of such 

 
other person is converted into or exchanged for cash, securities or other property, other than any such transaction where the shares of the Company’s Voting Stock outstanding immediately
prior to such transaction constitute, or are converted into or exchanged for, a majority of the Voting Stock of the surviving person or any direct or indirect parent company of the surviving person immediately after giving effect to such
transaction; 
 (4) the first day on which a majority of the members of the board of directors of the Company cease to be
Continuing Directors; or 
 (5) the adoption of a plan relating to the liquidation or dissolution of the Company. 

Notwithstanding the foregoing, a transaction will not be deemed to involve a Change of Control under clause (2) above if
(i) the Company becomes a direct or indirect wholly-owned subsidiary of a holding company and (ii)(A) the direct or indirect holders of the Voting Stock of such holding company immediately following that transaction are substantially the same
as the holders of the Company’s Voting Stock immediately prior to that transaction or (B) immediately following that transaction no person (other than a holding company satisfying the requirements of this sentence) is the beneficial owner,
directly or indirectly, of more than 50% of the Voting Stock of such holding company. The term “person,” as used in this definition, has the meaning given thereto in Section 13(d)(3) of the Exchange Act. 

“Below Investment Grade Rating Event” means the Securities are rated below an Investment Grade Rating (as defined below) by
each of the Rating Agencies (as defined below) on the 60th day following the occurrence of a Change of Control (which date shall be extended if the rating of the Securities is under publicly announced consideration for possible downgrade by any of
the Rating Agencies on such 60th day, such extension to last until the date on which the Rating Agency considering such possible downgrade either (x) rates the Securities below an Investment Grade Rating or (y) publicly announces that it
is no longer considering the Securities for possible downgrade; provided, that no such extension shall occur if any of the Rating Agencies rates the Securities with an Investment Grade Rating that is not subject to review for possible
downgrade on such 60th day). 
 “Change of Control Triggering Event” means the occurrence of both a Change of Control
and a Below Investment Grade Rating Event. 
 “Continuing Director” 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 of the issuance of the
Securities; 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 (either by a specific vote or by approval of the Company’s proxy statement in which such member was named as a nominee for election as a
director, without objection to such nomination). 

 “Fitch” means Fitch, Inc. and its successors. 

“Investment Grade Rating” means a rating equal to or higher than BBB- (or the equivalent) by Fitch, Baa3 (or the equivalent) by
Moody’s and BBB- (or the equivalent) by S&P, or, in each case, if such Rating Agency ceases to rate the Securities or fails to make a rating of the Securities publicly available for reasons outside of the Company’s control, the
equivalent investment grade credit rating by the replacement agency selected by the Company in accordance with the procedures described herein. 
 “Moody’s” means Moody’s Investors Service, Inc., a subsidiary of Moody’s Corporation, and its successors. 
 “Rating Agencies” means (1) each of Fitch, Moody’s and S&P; and (2) if any of Fitch, 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,” as defined in Section 3(a)(62) of the Exchange Act, selected by the Company (as certified by a
resolution of the Company’s Board of Directors) as a replacement agency for Fitch, Moody’s or S&P, or all of them, as the case may be. 
 “S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc., and its successors. 

“Voting Stock” means, with respect to any specified “person” as of any date, the capital stock of such person that is
at the time entitled to vote generally in the election of the board of directors of such person. 
 There is no sinking fund for
the Securities of this series. 
 The Indenture contains provisions for defeasance at any time of the entire indebtedness on
this Security or certain restrictive covenants and Events of Default with respect to this Security, in each case, upon compliance with certain conditions set forth in the Indenture. 

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 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 at any time by the
Company 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 also contains provisions permitting the Holders of specified percentages
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 compliance by the Company with certain provisions of the Indenture and 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 or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 
 As set forth in, and subject to, the provisions of the Indenture, no Holder of any Security of this series will have any right to institute any proceeding with respect to the Indenture, this Security or
for any remedy thereunder, unless (i) such Holder shall have previously given to the Trustee written notice of a continuing Event of Default with respect to the Securities of this series, (ii) the Holders of not less than 25% in principal
amount of the outstanding Securities of this series shall have made written request, and offered reasonable indemnity, to the Trustee to institute such proceeding as trustee, and (iii) the Trustee shall not have received from the Holders of a
majority in principal of the outstanding Securities of this series a direction inconsistent with such request and shall have failed to institute such proceeding within 60 days; provided, however, that such limitations do not apply to a
suit instituted by the Holder hereof for the enforcement of payment of the principal or any interest on this Security 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 series are issuable only in registered form without coupons in minimum denominations of $2,000 and any integral
multiples of $1,000. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different
authorized denomination, 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. 
 Prior to due presentment of this Security for registration of transfer, 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 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. 

The Indenture and the Securities shall be governed by and construed in accordance with the laws of the State of New York, but without
regard to principles of conflict of laws. 
 All terms used in this Security which are defined in the Indenture shall have
the meanings assigned to them in the Indenture. 

 Option of Holder to Elect Purchase 

If you want to elect to have this Security purchased by the Company pursuant to the repurchase offer upon a Change of Control Triggering Event, check the
box below: 
  ̈ 
 If you want to elect to have only part of the Security purchased by the Company pursuant to the repurchase offer upon a Change of Control Triggering Event, state the amount you elect to have purchased:

 $______________ 

Date:_______________ 
  

			
		
	Your Signature:	 	 
		 	(Sign exactly as your name appears on the face of this Security)
		 	
	Tax Identification No.: _______________________

  

			
		
	Signature Guarantee:**	 	 

  

	**	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee) 

 Assignment Form 
 To assign this Security, fill in the form below: (I) or (we) assign and transfer this Security to: 
  

 
 Assignee’s social security or tax I.D.
number: __________________________________________________________________ 
 Assignee’s name, address and zip
code:_______________________________________________________________________ 
  

 
 and irrevocably appoint
                             as agent to transfer this Security on the books of the Company. The agent
may substitute another to act for him. 
 Date: ______________ 
  

					
	Your Signature:	  	 
		  	(Sign exactly as your name appears on the face of this Security)

					
		
	Signature Guarantee:	  	 
		  	(Participant in a Recognized Signature Guaranty Medallion Program)EX-10.47

 Exhibit 10.47 
 BLACKBAUD EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT
(the “Agreement”) is made and entered into as of the seventh day of November, 2008 by and between Blackbaud, Inc., a corporation organized under the laws of Delaware (the “Company”), and Tim Williams, an individual resident of
the State of SC (the “Employee”). 
 RECITALS 

The Company is engaged in a highly competitive business involving the developing and marketing of products and services
for nonprofit organizations. The Company’s business includes developing, marketing, training and supporting customers and clients on the use of the Company’s products and services, which are designed to help nonprofits use technology, and
related information and services to better manage their financial, fundraising, administrative and other operations. 
 Employee will become familiar with the Company’s customers, prospective customers and other valuable confidential and proprietary information, procedures and processes, all of which are the property
of the Company. 
 Employee and the Company agree that the covenants contained herein are reasonable and that
adequate consideration has been given by the Company in terms of the salary and benefits that Employee will receive as a result of entering into this Employment Agreement with the Company, executed contemporaneously herewith. It is also understood
that the compensation given to Employee would not be given to Employee, but for these covenants. 
 THEREFORE,
in consideration of Employee’s participation in the Long Term Incentive Plan as a result of entering into this Employment Agreement, the parties hereto agree as follows: 

1. Employment and Duties. Effective as of the date hereof, the Company shall employ the Employee in accordance
with the terms of this Agreement as Sr VP Finance & CFO of the Company or in such other responsibilities or additional Employee capacities as the Company may from time to time reasonably determine. Employee acknowledges that he/she is an
employee at-will, and that this Agreement does not alter such status. 
 2. Exclusive Employment. The
Employee will serve the Company faithfully and to the best of his/her ability, and will devote his/her full time and best efforts, energy and skill to the business of the Company. During the term of the Employee’s employment hereunder, the
Employee shall not actively engage in any business for his/her own account and/or will not accept any employment whatever from any other person, business, enterprise or entity without the prior written approval of the Company; provided,
however, nothing in this Agreement shall restrict the Employee from making passive investments using his/her personal assets so long as such investments do not interfere with the performance of the Employee’s duties under this Agreement.

 3. Death and Disability. The Employee’s employment hereunder shall terminate automatically upon
his/her death or permanent disability. 
 NOTICE: THIS CONTRACT IS SUBJECT TO ARBITRATION PURSUANT TO S.C.
CODE ANN. § 15-48-10 ET SEQ., TO THE EXTENT PROVIDED IN 

 
SECTION 13 BELOW, EXCEPT TO THE EXTENT THAT THE FEDERAL ARBITRATION ACT APPLIES. 
 4. Compensation and Benefits. 
 (a) Base Salary.
During the term of the Employee’s employment hereunder, the Company shall pay to the Employee an annual base salary, less applicable taxes and withholdings, payable in equal monthly or more frequent installments as may be customary under the
Company’s payroll practices from time to time. The Company may review and adjust the Employee’s base salary from year to year. 
 (b) Other Benefits. During the term of the Employee’s employment hereunder, the Employee shall be eligible to participate in the Company’s bonus plan and all employee benefit plans, as
may be available, or not, from time to time, subject to the terms and conditions of the individual plans. 
 5.
Return of Property and Confidential Information. Upon the termination of the Employee’s employment under this Agreement, regardless of the date, cause or manner of such termination, the Employee (or, in the event of the death of the
Employee, his/her personal representative, heirs, successors or assigns) shall turn over and return to the Company all property whatsoever of the Company in or under his/her (or their) possession or control, including without limitation all
“confidential information” as that term is defined in Paragraph 6 below, all price lists, customer lists, product design information, programs, software, and all other information relating to the Company’s business, and all copies
thereof. 
 6. Covenant Not to Divulge Confidential Information. The Company’s ability to compete
depends upon the relationships it builds with customers, sources of referral, and the body of other confidential and proprietary information it maintains. Employee acknowledges that during and as a result of his/her employment hereunder, Employee
will obtain, contribute to, and use valuable confidential information of a special and unique nature relating to the Company’s business matters. As used in this Agreement, the term “Confidential Information” means any knowledge,
information or property relating to, or used or possessed by, the Company, and includes, without limitation, the following: trade secrets; patents, copyrights, software (including, without limitation, all programs, specifications, applications,
routines, subroutines, techniques, algorithms, and ideas for formulae); products and/or services, concepts, inventions, know-how, data, drawings, designs and documents; names and/or lists of clients, customers, client and/or customer usage,
prospective clients and/or customers, employees, agents, contractors, and suppliers; marketing information, business plans, business methodologies and processes, strategies; financial information and other business records; and all copies of any of
the foregoing, including notes, extracts, memoranda prepared or suffered or directed to be prepared by Employee based on any Confidential Information. Employee agrees that all information possessed by him, or disclosed to him, or to which Employee
obtains access during the course of Employee’s employment with the Company shall be presumed to be Confidential Information under the terms of this Agreement, and the burden of proving otherwise shall rest with Employee. As a material
inducement to Blackbaud to pay compensation to Employee, Employee agrees that during and after Employee’s employment, the Employee shall not, without the Company’s consent: 

(a) Use any Confidential Information except in the performance of services on behalf of the Company hereunder,

 (b) Reveal or disclose any such Confidential Information to any person, business, enterprise or entity
outside the Company, 
 (c) Make any copies, duplicates or reproductions of any Confidential Information,

  
 2 

 (d) Authorize or permit any other person or entity to use, copy, disclose,
publish or distribute any Confidential Information, or 
 (e) Remove or aid in the removal from the
Company’s premises any Confidential Information or any material relating thereto except in the performance of services hereunder. 
 Confidential Information shall constitute “trade secrets” under the South Carolina Trade Secrets Act, S.C. Code Ann. § 39-8-10 et seq., and the Company is entitled to avail itself of any
and all remedies provided for under the Act. 
 7. Assignment of Intellectual Property. 

(a) During the period of Employee’s employment with the Company, all Confidential Information including, but not
limited to, all processes, products and/or services, methods, improvements, discoveries, inventions, ideas, creations, designs, enhancement or improvement, trade secrets, know-how, machines, programs, routines, subroutines, techniques, ideas for
formulae, writings, books and other works of authorship, copyrights, business concepts, plans, methodologies, processes, projections and other similar items, as well as all business opportunities, conceived, authored, designed, devised, developed,
perfected, reduced to practice or made by the Employee, whether alone or in conjunction with others, and related in any manner to the actual or anticipated business of the Company or to actual or anticipated areas of research and development,
whether or not patentable, (collectively, the “Intellectual Property”), shall be promptly disclosed to and become the property of the Company, and Employee hereby does and agrees to assign, transfer and convey all worldwide right, title
and interest in and to the Intellectual Property to the Company. Employee further agrees to make and provide to the Company any documents, instruments or other materials necessary or advisable to vest, secure, evidence, register, record, renew,
maintain or extend the Company’s ownership of the Intellectual Property, and patents, copyrights, trademarks and similar foreign and domestic property rights with respect to the Intellectual Property. The term “Intellectual Property”
shall be given the broadest interpretation possible and shall include any Intellectual Property conceived, authored, designed, devised, developed, perfected, reduced to practiced or made by the Employee during off-duty hours and away from the
Company’s premises, as well as to those conceived, authored, designed, devised, developed, perfected, reduced to practice or made in the regular course of Employee’s performance. 

(b) Any Intellectual Property authored, designed, devised, developed, perfected, reduced to practice or made by the
Employee within six (6) months after termination of Employee’s employment with the Company shall be conclusively presumed to have been conceived during such employment, and the burden of proving otherwise shall rest with Employee.

 8. Non-Solicitation Covenant. Employee acknowledges that the services he/she is to render are of a
special and unusual nature with a unique value to the Company, the loss of which cannot adequately be compensated by damages. As a material inducement to the Company to employ and pay compensation to Employee, Employee agrees that in the event the
Employee’s employment hereunder is terminated, regardless of the date, cause or manner of such termination, for a period of two (2) years after the termination he/she will not, directly or indirectly, either on behalf of himself/herself or
any other person, business, enterprise or entity: (1) solicit, divert or take away any of the Company’s Customers (as hereinafter defined), or (2) solicit the employment of any individual who was employed by the Company or engaged as
a consultant to the Company or any of its affiliates at any time during the six (6) month period preceding the date of Employee’s termination. For the purposes of this Agreement, the term “Company’s Customers” shall mean any
customer, client, account, franchisee, or licensee of the Company and shall include, without limitation, every such person or entity to which the Company has provided products or services, and every prospective customer, client, account, franchisee,
or licensee 

  
 3 

 
with whom Employee has made contact on behalf of the Company during the two year period immediately preceding the date of Employee’s termination from the Company. 

9. Non-Competition Covenant. 

(a) Employee acknowledges that the services he/she is to render are of a special and unusual nature with a unique value to
the Company, the loss of which cannot adequately be compensated by damages. As a material inducement to the Company to employ and pay compensation to Employee, the Employee hereby promises and agrees that for a period of two (2) years after the
date his/her employment hereunder is terminated, regardless of the date, cause or manner of such termination, he/she will not, either directly or indirectly, for himself/herself or on behalf of any other person, business, enterprise or entity,
compete with the Company by providing Covered Services to any other person, business, enterprise or entity within any geographic area in which Employee was assigned or had responsibility for, or with which Employee had substantial contact or
information during the two year period immediately preceding the date of Employee’s termination from the Company. For purposes of this Agreement, “Covered Services” means any products and/or services that are related (1) to the
design, development, marketing, licensing, leasing, rental or sale of software, software applications, internet applications, donor research and management, prospective donor analysis or e-commerce solutions, or consulting and/or other services with
respect thereto, or to (2) products and /or services used by non-profit organizations in connection with fund raising, e-commerce, accounting or school administration, or (3) to any other business and/or products and/or services engaged in
by Company during Employee’s employment with Company. 
 (b) In addition to, but not in limitation of the
restrictions of Section 8(a) above, the Employee further promises and agrees that he/she will not advertise or market services as a “Blackbaud, Inc.,” “former Blackbaud, Inc.,” “Raiser’s Edge,” or any variant
of “Raiser’s Edge” consultant (i.e., “Raiser’s Edge expert,” “trained or certified in Raiser’s Edge,” or any similar designation in connection with the foregoing or any other Covered Service). 

10. Remedies. 
 (a) Accounting for Profits. If Employee shall violate any of the provisions of Sections 5, 6, 7, 8, or 9, the Company shall be entitled to an accounting and repayment of all profits, compensation,
commissions, remuneration, or other benefits that Employee directly or indirectly has realized and/or may realize as a result of, growing out of, or in connection with, any such violation. These remedies shall be in addition to, and not in
limitation of, any injunctive relief or other rights, remedies, or damages, to which the Company is or may be entitled as a result of this Agreement. 
 (b) Injunctive Relief. In the event of a breach or threatened breach by Employee of any of the provisions of Sections 5, 6, 7, 8, or 9, the Company, in addition to, and not in limitation of, any
other rights, remedies, or damages available to the Company at law or in equity, shall be entitled to obtain (without the necessity of posting a bond) a temporary restraining order, preliminary injunction, and permanent injunction in order to
prevent or restrain any such breach by Employee or by Employee’s partners, agents, representatives, servants, employers, employees, companies, consulting clients, and/or any and all persons directly or indirectly acting for or with Employee.
Employee acknowledges and agrees that in the event of any breach by Employee of the covenants set forth in this Agreement, the Company shall suffer immediate and irreparable harm for which the remedy of monetary damages, alone will be inadequate.
For purposes of injunctive or similar equitable relief, the time periods of restriction set forth in Sections 8 and 9 above shall be extended by a period of time equal to the period of time during which Employee shall have been violating this
Agreement. 

  
 4 

 (c) Attorneys’ Fees and Costs. In the event the Company invokes
legal or equitable proceedings against Employee under the terms of this Agreement and the Company prevails, the Employee shall be required to pay to the Company, and the Company shall be entitled to, its reasonable attorneys’ fees and costs as
determined by the Court. 
 (d) Alternatives. The Company shall have the option, in its sole discretion,
to enforce the various restrictions of Sections 5, 6, 7, 8, and 9 cumulatively or in the alternative. 
 11.
Effect of Termination. The provisions of Sections 5 through 9 hereof shall survive the termination of the Employee’s employment hereunder, regardless of the date, cause or manner of such termination, and such termination shall not impair
or otherwise affect the Employee’s obligations to strictly observe the provisions of such Sections. The Employee agrees that the Company shall be entitled to an injunction restraining any violations by the Employee of the applicable provisions
of Sections 5 through 9. The Employee agrees that such right to an injunction is cumulative and in addition to whatever other remedies the Company may have against the Employee. 

12. Notices. All notices and other communications required or permitted hereunder shall be in writing and shall be
deemed to have been duly given when placed in the United States mail by certified mail, return receipt requested, postage prepaid, addressed to the parties hereto as follows (provided that notice of change of address shall be deemed given only when
received): 
  

					
	 As to the Company:
	 	 Blackbaud, Inc.
	  	
		 	 2000 Daniel Island Drive
	  	
		 	 Charleston, South Carolina 29492
	  	
		 	 Attn: Timothy V. Williams
	  	
			
	 As to the Employee:
	 	 Tim Williams
	  	
		 	 2133 Rookery Lane
	  	
		 	 Charleston, SC 29414
	  	

 The address of both the Company (and the person to whose attention a notice or other
communication shall be directed) and the Employee may be changed from time to time by either party serving notice upon the other. 
 13. Dispute Resolution. The parties hereto agree that all disputes, controversies and claims arising between them concerning the subject matter of this Agreement, other than controversies involving
any matter addressed in Sections 5, 6, 7, 8, or 9, shall be settled by arbitration in South Carolina in accordance with the laws of South Carolina. If the parties to any such dispute, controversy or claim are unable to agree upon an arbitrator or
arbitrators, then the mater shall be resolved by an arbitrator or arbitrators appointed by the American Arbitration Association, as it may determine, in accordance with the rules and practices, then obtaining, of such association. Any arbitration
pursuant to this Section 12 shall be final and binding on the parties, and judgment upon the award rendered in any such arbitration may be entered in any court, state or federal, having jurisdiction. The parties expressly acknowledge that they
are waiving their rights to seek remedies in court, including, without limitation, the right (if any) to a jury trial, except to the extent of the obligations in Sections 5, 6, 7, 8, or 9 as to which the parties are reserving their court remedies
except the right (if any) to a jury trial, which is waived. 
 14. Miscellaneous. 

(a) Assignment. The Employee may not assign this Agreement or any of his rights, benefits, obligations or duties
hereunder to any other person, firm, corporation or other entity, said rights, duties 

  
 5 

 
and obligations of the Employee being personal and nonassignable. This Agreement may be assigned by the Company without the Employee’s consent 

(b) Non-Waiver. No waiver by either party of any breach by the other party of any provision hereof shall be deemed
to be a waiver of an later or other breach thereof or as a waiver of any such or other provision of this Agreement. 
 (c) Law Applicable. This Agreement is governed by the laws of the State of South Carolina, without reference to principles of conflict of laws. 

(d) Binding Effect. This Agreement shall be binding upon and inure to the benefit of the Company, its successors
and assigns. This Agreement shall be binding upon and inure to the benefit of the Employee, his heirs, executors and administrators. 
 (e) Entire Agreement. This Agreement, and any signed offer letter, constitute the entire agreement between the parties with respect to the subject matter hereof and supersede and cancel all prior
or contemporaneous oral or written agreements and understandings between them with respect to the subject matter hereof, except for the signed and accepted offer letter between Company and Employee, if any. In the event any portion of this Agreement
is inconsistent with the aforementioned offer letter, this Agreement shall apply. This Agreement may not be changed or modified orally but only by an instrument in writing signed by the parties hereto, which instrument states that it is an amendment
to this Agreement. 
 (f) Severability. In the event that any provision of this Agreement shall be held
to be invalid or unenforceable, the remaining provisions thereof shall nevertheless continue to be valid and enforceable as though the invalid or unenforceable provision(s) had not been included therein. In the event that any provision of Sections 8
or 9 relating to the time period and/or the geographical area of restriction and/or related aspects is found by a court of competent jurisdiction to exceed the maximum restrictiveness such court deems reasonable and enforceable, then it is the
express desire and intent of both parties that such provision not be rendered invalid thereby, but rather that the duration, geographic scope, or nature of the restriction be deemed reduced or modified to the extent necessary to render such
provision reasonable, valid and enforceable. The time period and/or geographical area of restriction and/or related aspects deemed reasonable and enforceable by the court shall then become, and thereafter be, the maximum restriction in such regard,
and the provision, as reformed, shall remain valid and enforceable 
 (g) Execution. This Agreement may
be executed in duplicate counterparts, each of which shall be deemed an original hereof. 
 (h)
Withholding. Notwithstanding any other provision of this Agreement, the Company may withhold from amounts payable under this Agreement all federal, state, local and foreign taxes that are required to be withheld by applicable laws or
regulations. 
 15. EMPLOYMENT-AT-WILL RELATIONSHIP. 

EMPLOYEE UNDERSTANDS AND ACKNOWLEDGES THAT HIS/HER EMPLOYMENT WITH THE COMPANY IS “AT-WILL,” WHICH MEANS THAT
BOTH THE EMPLOYEE AND THE COMPANY HAVE THE RIGHT TO TERMINATE THE EMPLOYMENT RELATIONSHIP AT ANY TIME, WITH OR WITHOUT CAUSE. MOREOVER, EMPLOYEE SPECIFICALLY UNDERSTANDS AND ACKNOWLEDGES THAT THIS AGREEMENT DOES NOT ALTER HIS/HER AT-WILL EMPLOYMENT
STATUS WITH THE COMPANY. 

  
 6 

 IN WITNESS WHEREOF, the Company has caused this Agreement to be signed by
its duly authorized officer, and the Employee has hereunto set his hand, all as of the day and year first above written. 
  

									
	 Blackbaud Inc.
	 		 	 Employee Name: Tim Williams

					
	 By:
	 	 /s/ John Mistretta
	 		 	 Signature:
	 	 /s/ Tim Williams

	 Title:
	 	 Senior Vice President, Human Resources
	 		 		 	

  
 7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00196-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00196-of-00352.parquet"}]]