Document:

First Supplemental Indenture, dated as of May 31, 2005

 Exhibit 4.16 
  
 FIRST SUPPLEMENTAL INDENTURE (this “First Supplemental Indenture”), dated as of May 31, 2005 among
RPP Capital Corporation, a Delaware corporation (“RPP Capital”), Resolution Specialty Materials LLC, a Delaware limited liability company (“RSM LLC”), Resolutions’ JV LLC, a Delaware limited liability company
(“RSM JV”), Lawter International Inc., a Delaware corporation (“Lawter”), Resolution Specialty Materials Capital Corp., a Delaware corporation (“RSM Capital”), Borden Chemical International, Inc., a
Delaware corporation (“Borden International”), Bakelite North America Holding Company, a Delaware corporation (“Bakelite Holding”), Bakelite Epoxy Polymers Corporation, a Delaware corporation (“Bakelite
Epoxy”), Oilfield Technology Group, Inc., a Delaware corporation (“Oilfield Group”) and Borden Services Company, a Delaware corporation (“Borden Services” and, together with RPP Capital, RSM LLC, RSM JV,
Lawter, RSM Capital, Borden International, Bakelite Holding, Bakelite Epoxy and Oilfield Group, the “Additional Subsidiary Guarantors”), Hexion Specialty Chemicals, Inc. (formerly known as Borden Chemical, Inc., or its permitted
successor), a New Jersey corporation (“Holdings”), Borden U.S. Finance Corp., a Delaware corporation and Borden Nova Scotia Finance, ULC, a Nova Scotia unlimited liability company (the “Issuers”), and Wilmington
Trust Company, as Trustee under the Indenture (the “Trustee”). 
  
 W I T N E S S E T H: 
  
 WHEREAS, the Issuers, Holdings and the Subsidiary Guarantors have heretofore executed and delivered to the Trustee an Indenture (the “Indenture”), dated as of August 12, 2004, providing for the issuance of Floating
Rate Notes and Fixed Rate Notes (the “Notes”); 
  
 WHEREAS, Section 4.11 and Section 10.06 of the Indenture provide that under certain circumstances Holdings will cause the Additional Subsidiary Guarantors to execute and deliver to the Trustee a guaranty agreement pursuant to which
each Additional Subsidiary Guarantor will Guarantee payment of the Notes on the same terms and conditions as those set forth in Article 10 of the Indenture; and 
  
 WHEREAS, pursuant to Section 9.01(iv) of the Indenture, the Trustee and the Issuers are authorized to execute and
deliver this First Supplemental Indenture. 
  
 NOW
THEREFORE, in consideration of the foregoing and for good and valuable consideration, the receipt of which is hereby acknowledged, the Issuers, the Additional Subsidiary Guarantors and the Trustee mutually covenant and agree for the equal and
ratable benefit of the Holders of the Notes as follows: 
  
 SECTION 1. Capitalized Terms. Capitalized terms used herein but not defined shall have the meanings assigned to them in the Indenture. 
  
 SECTION 2. Guarantees. Each of the Additional Subsidiary Guarantors hereby agree, jointly and severally with all other Guarantors, to guarantee the
Issuers’ obligations under the Notes on the terms and subject to the conditions set forth in Article 10 of the Indenture and to be bound by all other applicable provisions of the Indenture (including Article 11). 
  

 SECTION 3. Ratification of Indenture; Supplemental Indentures Part of Indenture. Except as
expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This First Supplemental Indenture shall form a part of the Indenture for
all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. 
  
 SECTION 4. Notices. For purposes of the Indenture, the address for notice to each Additional Subsidiary Guarantor shall be the address for the
Issuers and Guarantor set forth in Section 13.02 of the Indenture. 
  
 SECTION 5. Governing Law. THIS FIRST SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
  
 SECTION 6. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the
validity or sufficiency of this First Supplemental Indenture or for or in respect of the recitals contained herein, all of which are made solely by Borden U.S., Borden Nova Scotia and the Additional Subsidiary Guarantors. Except as otherwise
expressly provided herein, no duties, responsibilities or liabilities are assumed, or shall be construed to be assumed by the Trustee by reason of this First Supplemental Indenture. This First Supplemental Indenture is executed and accepted by the
Trustee subject to all the terms and conditions set forth in the Indenture with the same force and effect as if those terms and conditions were repeated at length herein and made applicable to the Trustee with respect hereto. In entering into this
First Supplemental Indenture, the Trustee shall be entitled to the benefit of every provision of the Indenture relating to the conduct or affecting the liability or affording protection to the Trustee, whether or not elsewhere herein so provided.

  
 SECTION 7. Counterparts. The parties may sign any
number of copies of this First Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 
  
 SECTION 8. Effect of Headings. The Section headings herein are for convenience only and shall not effect the construction of this First
Supplemental Indenture. 
  

 2 

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

					
	ISSUERS
	
	BORDEN U.S. FINANCE CORP.
	
	BORDEN NOVA SCOTIA FINANCE, ULC
		
	by	 	 /s/ George F. Knight

	 	 	 Name:
	 	 George F. Knight

	 	 	 Title:
	 	 Vice President

	
	HOLDINGS
	
	HEXION SPECIALTY CHEMICALS, INC.
		
	by	 	 /s/ William Carter

	 	 	 Name:
	 	 William Carter

	 	 	 Title:
	 	 Vice President

  

 3 

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

					
	ADDITIONAL SUBSIDIARY GUARANTORS
	
	 RPP CAPITAL CORPORATION
  
 RESOLUTION SPECIALTY MATERIALS LLC
  
 RESOLUTIONS’ JV LLC
  
 LAWTER INTERNATIONAL INC.
  
 RESOLUTION SPECIALTY
MATERIALS CAPITAL CORP.
  
 BORDEN CHEMICAL INTERNATIONAL, INC.
  
 BAKELITE NORTH AMERICA HOLDING COMPANY
  
 BAKELITE EPOXY POLYMERS CORPORATION
  
 OILFIELD TECHNOLOGY GROUP, INC.
  
 BORDEN SERVICES COMPANY

		
	by	 	 /s/ George F. Knight

	 	 	 Name:
	 	 George F. Knight

	 	 	 Title:
	 	 Vice President

  

 4 

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

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

	 	 	 Title:
	 	 Assistant Vice President

  

 5Supplemental Indenture dated as of May 31, 2005

 Exhibit 4.17 
  
 EXECUTION COPY 
  
 THIS SUPPLEMENTAL INDENTURE, dated as of May 31, 2005 (this “First Supplemental Indenture”), is by and among Borden U.S. Finance Corp., a
Delaware corporation (“Borden U.S.”), Borden Nova Scotia Finance, ULC, a Nova Scotia unlimited company (“Borden Nova Scotia”), each of the parties identified as an Additional Subsidiary Guarantor on the signature
pages hereto (each, an “Additional Subsidiary Guarantor” and collectively, the “Additional Subsidiary Guarantors”) and Wilmington Trust Company, as trustee (the “Trustee”). 
  
 W I T N E S S E T H: 
  
 WHEREAS, BCI US Finance Corp. (“BCI US”) and Borden 2 Nova
Scotia Finance, ULC (“Borden 2” and together with BCI US, the “Issuers”), Holdings and the Trustee are parties to an indenture dated as of May 20, 2005 (the “Indenture”), providing for the issuance
of the Issuers’ Second-Priority Senior Secured Floating Rate Notes due 2010 (the “Notes”); 
  
 WHEREAS, BCI US has merged with and into Borden U.S. (the “Merger”); 
  
 WHEREAS, Borden 2 has agreed to amalgamate with Borden Nova Scotia, with the amalgamated company being named Borden Nova
Scotia Finance, ULC (the “Amalgamation”); 
  
 WHEREAS, Holdings has combined with Resolution Performance Products LLC and Resolution Specialty Materials LLC (the “Combination”); 
  
 WHEREAS, as a result of the Merger and in anticipation of the Amalgamation, Borden U.S. and Borden Nova Scotia are assuming, by and under this First
Supplemental Indenture, the Issuers’ obligations for the due and punctual payment of the principal of, premium, if any, and interest on all the Notes and the performance and observance of the Indenture on the part of the Issuers; 
  
 WHEREAS, pursuant to Section 4.11 and 10.06 of the Indenture, on the date of
the Combination, Holdings has agreed to cause the Additional Subsidiary Guarantors to execute and deliver to the Trustee a supplemental indenture pursuant to which such Additional Subsidiary Guarantor will Guarantee payment on the Notes on the terms
set forth in the Indenture; and 
  
 WHEREAS, pursuant to Section
9.01(iv) of the Indenture, the Trustee and the Issuers are authorized to execute and deliver this First Supplemental Indenture. 
  
 NOW, THEREFORE, for and in consideration of the foregoing premises and for good and valuable consideration, the receipt of which is hereby acknowledged,
it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of the Notes, as follows: 
  
 1. Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture. 

 2. Assumption by Borden U.S. and Borden Nova Scotia. Borden U.S. and Borden Nova Scotia hereby
assume the Issuers’ obligations for the due and punctual payment of the principal of, premium, if any, and interest on all outstanding Notes issued pursuant to the Indenture and the performance and observance of each other obligation and
covenant set forth in the Indenture to be performed or observed on the part of the Issuers. Borden U.S. and Borden Nova Scotia are hereby substituted for, and may exercise every right and power of, the Issuers under the Indenture with the same
effect as if Borden U.S. and Borden Nova Scotia had been named as the Issuers in the Indenture, and Borden U. S. and Borden Nova Scotia are successor corporations under the Indenture. 
  
 3. Notation on Notes. Notes authenticated and delivered after the date hereof may bear the following notation, which
may be stamped or imprinted thereon: 
  
 “In
connection with the merger of BCI US Finance Corp. (“BCI”) with and into Borden U.S. Finance Corp. (“Borden U.S.”) and the amalgamation of Borden 2 Nova Scotia Finance, ULC (“Borden 2” and together
with BCI, the “Issuers”) with Borden Nova Scotia Finance, ULC (“Borden Nova Scotia”), with the amalgamated company being named Borden Nova Scotia Finance, ULC, and pursuant to the First Supplemental Indenture dated
as of May 31, 2005, Borden U.S. and Borden Nova Scotia have assumed the Issuers’ obligations for the due and punctual payment of the principal of, premium, if any, and interest on this Note and the performance of each other obligation and
covenant set forth in the Indenture to be performed or observed on the part of the Issuers.” 
  
 4. Agreements to Become Guarantors. Each of the Additional Subsidiary Guarantors hereby agrees, jointly and severally with all of the other
Guarantors, to unconditionally and irrevocably guarantee Borden U.S.’s and Borden Nova Scotia’s obligations under the Notes and the Indenture on the terms and subject to the conditions set forth in Article 10 of the Indenture and agrees to
be bound by all other provisions of the Indenture and the Notes applicable to a Guarantor therein (including Article 11). 
  
 5. Ratification of Indenture; Supplemental Indenture Part of Indenture. Except as expressly amended hereby, the Indenture is in all respects
ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This First Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or
hereafter authenticated and delivered shall be bound hereby. 
  
 6. Notices. For purposes of the Indenture, the address for notices to Borden U.S., Borden Nova Scotia and each of the Additional Subsidiary Guarantors shall be the address for the Issuers and Guarantors set forth in Section 13.02 of
the Indenture. 
  

 2 

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

 3 

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

			
	 ISSUERS

	
	 BORDEN U.S. FINANCE CORP.

	
	 BORDEN NOVA SCOTIA FINANCE, ULC

		
	 By
	 	 /s/ George F. Knight

	 Name:
	 	 George F. Knight

	 Title:
	 	 Vice President

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

	
	 SUBSIDIARY GUARANTORS

	
	BDS TWO, INC.
	
	BORDEN CHEMICAL INVESTMENTS, INC.
	
	BORDEN CHEMICAL FOUNDRY, INC.
	
	RPP CAPITAL CORPORATION
	
	RESOLUTION SPECIALTY MATERIALS LLC
	
	RESOLUTIONS’ JV LLC
	
	LAWTER INTERNATIONAL INC.
	
	RESOLUTION SPECIALTY MATERIALS CAPITAL CORP.
	
	BORDEN CHEMICAL INTERNATIONAL, INC.
	
	BAKELITE NORTH AMERICA HOLDING COMPANY
	
	BAKELITE EPOXY POLYMERS CORPORATION
	
	OILFIELD TECHNOLOGY GROUP, INC.
	
	BORDEN SERVICES COMPANY

  

			
	 By
	 	 /s/ George F. Knight

	 Name:
	 	 George F. Knight

	 Title:
	 	 Vice President

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

			
	 TRUSTEE

	
	 WILMINGTON TRUST COMPANY, as trustee

		
	 by
	 	 /s/ Mary St. Amand

	 Name:
	 	 Mary St. Amand

	 Title:
	 	 Assistant Vice President

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