Document:

Exhibit 10.14

[MUEHLSTEIN LOGO]

					June 25, 2002

TO:	Supplier

FROM:	Michael F. Kane

SUBJECT:	SUPPLY/OFF-TAKE AGREEMENT HOPE FRAC MELT REPRO,
		CERTIFIED POST-CONSUMER
		________________________________________________________

Dear Supplier:

Per our discussions, SUPPLIER agrees to supply and MUEHLSTEIN agrees to
Purchase the said supply of HDPE frac melt repro, certified post-consumer,
details as follows:

PRODUCT:		  HDPE repro, (natural/mixed color?), approx. MI/density ???,
			  from post-consumer bottles

PACKAGING:		  Bulk rail, bulk truck and boxes

QUANTITY:		  Minimum ________ Lbs. To _________ Lbs. Per Month

TERMS:

PRICE:		          Subject to market conditions, packaging, FOB point(s).

AGREEMENT PERIOD:	  One (1) year, beginning _______________2002

CONDITIONS:		  Pricing to be reviewed on monthly basis.

Please confirm your acceptance of this proposal by return fax soonest.

We look forward to a long and mutually beneficial relationship with SUPPLIER in
the months and years ahead.

					Sincerely,

					Michael F. Kane
					Sales Manager
					Recycled Resins

H. Muehlstein & Co. Inc.
800 Connecticut Avenue, Norwalk, CT  06854-1631
Tel: 203-855-6000   Fax: 203-855-6221Exhibit
4.1

 

SECOND SUPPLEMENTAL INDENTURE

 

SECOND SUPPLEMENTAL
INDENTURE, dated as of October 23, 2003 (this “Second Supplemental Indenture”),
between BLYTH, INC., a Delaware corporation (such corporation or, subject to
Article Nine of the Indenture, its successors and assigns, the “Company”), and
WACHOVIA BANK, NATIONAL ASSOCIATION, a national banking association as
successor to First Union National Bank (such corporation or, subject to Article
Five of the Indenture, its successors and assigns as Trustee under this
Indenture, the “Trustee”).

 

W I T N E S S E T H:

 

WHEREAS, the Company and
the Trustee executed and delivered an Indenture, dated as of May 20, 1999 (as
supplemented by the First Supplemental Indenture, dated as of September 29,
1999, between the Company and the Trustee and this Second Supplemental
Indenture, the “Indenture”), to provide for the issuance from time to time of
the Company’s unsecured senior debentures, notes or other evidences of
Indebtedness to be issued in one or more series (the “Securities”);

 

WHEREAS, pursuant to a
Board Resolution, the Company has authorized the issuance of $100 million of
its 5.50% Senior Notes due 2013 (the “Notes”);

 

WHEREAS, the Company
desires to establish the terms and conditions of the Notes in accordance with
Section 2.01 of the Indenture.

 

ARTICLE 1

 

TERMS

 

SECTION 101.  DEFINITIONS.  The terms defined in this Section 101
shall apply to the Notes.

 

“Foreign Subsidiaries” means
any Subsidiary of the Company which is not incorporated or organized in the United
States and conducts substantially all its business outside the United States.

 

“Funded Debt” means any Indebtedness that
by its terms matures at or is extendible or renewable at the sole option of the
obligor without requiring the consent of the obligee to a date more than 12
months after the date of the creation of such Indebtedness.

 

“Principal Property” means
any of the real and tangible property of the Company or any Subsidiary of the
Company, whether owned or leased, constituting a part of any manufacturing
facility, distribution facility, warehouse or office, operated now or hereafter
by the Company or any Subsidiary of the Company, that has a book value on the
date as of which the determination is being made of more than 2% of
Consolidated Net Worth.

 

“Principal Subsidiary” means any
Subsidiary that owns a Principal Property.

 

 

SECTION 102.  TERMS OF NOTES.  The following terms relating to the Notes
are hereby established:

 

(1)                                  The
Notes shall constitute a series of Securities having the title “5.50% Senior
Notes due 2013.”

 

(2)                                  The
aggregate principal amount of the Notes that may be authenticated and delivered
under the Indenture (except for Notes authenticated and delivered upon
registration of transfer of, or in exchange for or in lieu of, other Notes of
the series pursuant to Section 2.05, 2.06, 2.07, 8.04 or 10.07 of the
Indenture) shall be $100,000,000.

 

(3)                                  The
entire outstanding principal of the Notes will mature on November 1, 2013 (the
“Stated Maturity Date”).

 

(4)                                  The
rate at which the Notes shall bear interest shall be 5.50% per annum; the date
from which interest shall accrue shall be October 23, 2003; the Interest
Payment Dates for the Notes on which interest will be payable shall be May 1
and November 1 in each year, beginning May 1, 2004; the Regular Record Dates
for the interest payable on the Notes on any Interest Payment Date shall be
April 15 and October 15 (whether or not a Business Day), as the case may be,
immediately preceding the applicable Interest Payment Date.

 

(5)                                  The
Company, at its option, may redeem the Notes, in whole or in part, at any time
upon 30 day’s notice (but not more than 60 days) at the Redemption Price equal
to the greater of (i) 100% of the principal amount of the Notes to be redeemed
or the Make Whole Amount (as defined below) with respect to the Notes to be
redeemed.  The “Make Whole Amount” with
respect to the Notes to be redeemed on any Redemption Date shall equal the sum
of the present values, as of such Redemption Date, of the Remaining Scheduled Payments
(as defined below) discounted, on a semiannual basis (assuming a 360-day year
consisting of twelve 30-day months), at a rate equal to the Treasury Rate (as
defined below) plus 20 basis points. 
For purposes of calculating the Make Whole Amount, the following terms
shall have the following meanings:

 

“Remaining
Scheduled Payments” means the remaining scheduled payments of the
principal and interest that would be due after the Redemption Date of a Note if
such Note were not redeemed.  However,
if the Redemption Date is not an Interest Payment Date, the amount of the next
succeeding scheduled interest payment on such Note will be reduced by the
amount of interest accrued on such Note to such Redemption Date.

 

“Treasury
Rate” means an annual rate equal to the semiannual equivalent yield
to maturity of the Comparable Treasury Issue (as defined below), assuming a
price for the Comparable Treasury Issue (expressed as a percentage of its
principal amount) equal to the Comparable Treasury Price for the Redemption
Date.  The

 

2

 

semiannual
equivalent yield to maturity will be computed as of the third business day
immediately preceding the Redemption Date.

 

“Comparable
Treasury Issue” means the United States Treasury security selected
by Banc of America Securities LLC, J.P. Morgan Securities Inc., Wachovia
Capital Markets, LLC, UBS Securities LLC or Bank One Capital Markets, Inc. or
any of their respective affiliates as having a maturity comparable to the remaining
term of the Notes 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
Notes.

 

“Comparable
Treasury Price” means the average of three Reference Treasury Dealer
Quotations (as defined below) obtained by the Trustee for the Redemption Date.

 

“Reference
Treasury Dealers” means each of Banc of America Securities LLC, J.P.
Morgan Securities Inc., Wachovia Capital Markets, LLC, UBS Securities LLC or
Bank One Capital Markets, Inc. (so long as it continues to be a primary U.S.
Government securities dealer) and any two other primary U.S. Government
securities dealers chosen by the Company. 
If any of the foregoing ceases to be a primary U.S. Government
securities dealer, the Company will appoint in its place another nationally
recognized investment banking firm that is a primary U.S. Government securities
dealer.

 

“Reference
Treasury Dealer Quotation” means the average, as determined by the
Trustee, of the bid and asked prices for the Comparable Treasury Issue
(expressed in each case as a percentage of its principal amount) quoted in
writing to the Trustee by a Reference Treasury Dealer at 3:30 p.m., New
York City time, on the third business day preceding the Redemption Date.

 

(6)                                  The
Notes will not be subject to any sinking fund or analogous provisions, and the
Company will not be obligated to redeem or purchase Notes at the option of a
holder thereof.

 

(7)                                  The
Notes will be issuable as Registered Securities without coupons.

 

(8)                                  The
Notes will be issued as Global Securities and the Depositary will be The
Depository Trust Company (“DTC”).

 

(9)                                  In
addition to the covenants set forth in Article Three of the Indenture, the
Notes shall be subject to the additional covenants set forth in
Sections 103, 104 and 105 of this Second Supplemental Indenture.

 

(10)                            The
currency of payment of principal of and premium, if any, and interest on the
Notes shall be U.S. Dollars, and the Notes shall be denominated in U.S.
Dollars.

 

(11)                            The
Notes shall have no additional Events of Default in addition to the Events of
Default set forth in Article Four of the Indenture.

 

3

 

(12)                            The
Trustee shall also be the Security Registrar and Paying Agent for the Notes.

 

(13)                            Interest
on any Note shall be payable only to the Person in whose name that Note is
registered at the close of business on the Regular Record Date for such
interest payment.

 

(14)                            The
Notes shall not be subordinated to any other debt of the Company and shall
constitute senior unsecured obligations of the Company.

 

SECTION 103.  RESTRICTIONS ON LIENS.  The Company will not, and will not permit
any Principal Subsidiary to, issue, assume or guarantee any Indebtedness for
money borrowed (“Debt”) if such Debt is secured by any Lien upon any Principal
Property of the Company or any Principal Subsidiary, or on any stock or
Indebtedness of any Principal Subsidiary, whether owned at the date of this
Indenture or hereafter acquired, without making effective provision to secure
any outstanding Notes equally and ratably with the other Indebtedness of the
Company or any Principal Subsidiary thereby secured for so long as any such
other Indebtedness of the Company or any Principal Subsidiary shall be so
secured.  Notwithstanding anything to
the contrary herein, the Company’s obligation to secure any outstanding Notes
shall not prevent, restrict or apply to any Debt secured by the following types
of Liens:

 

(a)           Liens on property,
stock or Indebtedness existing as of the date of the first issuance of the
Notes;

 

(b)           Liens on property
acquired, constructed or improved, which are created or assumed
contemporaneously with or within 180 days after such acquisition, or completion
of such construction or improvement, whichever is later, (or within six months
thereafter pursuant to a firm commitment for financing arrangements entered
into within such 180-day period) to secure or provide for the payment of all or
a portion of the purchase price or cost thereof;

 

(c)           Liens on property,
stock or Indebtedness of any Person existing at the time of its acquisition by
the Company or any Principal Subsidiary (including acquisition through merger
or consolidation or acquisition of stock or assets or otherwise) or arising
thereafter pursuant to contractual commitments entered into prior to such
acquisition; provided that such Lien does not apply to any property owned
by the Company or a Principal Subsidiary prior to the date of such acquisition
other than, in the case of any construction or improvement, any previously
unimproved real property on which the property so constructed, or improved, is
located;

 

(d)           Liens to secure Debt of
the Company or a Subsidiary of the Company that is payable to the Company or to
a Subsidiary of the Company;

 

(e)           Liens on any property
located outside the United States and stock or Indebtedness of any Foreign
Subsidiary of the Company;

 

(f)            Liens in favor of the
Company or its Subsidiaries;

 

4

 

(g)           Liens in favor of
governmental bodies to secure partial progress, advance or other payments
pursuant to any contract or statute or to secure any Indebtedness incurred for
the purpose of financing all or any part of the purchase price or cost of
constructing or improving the property subject to such Liens;

 

(h)           Liens for the sole
purpose of extending, renewing or replacing, in whole or in part, Debt secured
by any Lien referred to in clauses (a) to (g) above or any Lien existing on the
date of this Second Supplemental Indenture, provided that the principal amount of Debt
secured thereby shall not exceed the principal amount of Debt secured at the
time of such extension, renewal or replacement and such lien shall be limited
to all or a part of the property which secured the Debt being extended, renewed
or replaced (plus improvements on such property); or

 

(i)            Liens securing other
Debt up to an aggregate amount that, together with the liability attributable
to leases entered into in connection with sale and lease-back transactions
existing at such time (discounted at the rate of interest in the lease, or if
not in the lease at a rate of interest that is equivalent to the rate of
interest that is then being charged with respect to Indebtedness secured by
like liens on like property), does not exceed 15% of Consolidated Net Worth.

 

SECTION 104.  RESTRICTIONS ON SALE AND LEASE-BACK
TRANSACTIONS. The Company will not, and will not permit any Principal
Subsidiary to, engage in any sale and lease-back transactions involving a
Principal Property (other than temporary leases for a term, including renewals,
of not more than three years and leases between the Company and a Subsidiary of
the Company or between Subsidiaries of the Company) unless the net proceeds of
such sale and lease-back transactions are at least equal to the fair value (as
determined by the Board of Directors, the Chairman of the Board, the President
or the principal financial officer of the Company) of the Principal Property to
be leased and:

 

(a)           if, in lieu of entering
into such sale and lease-back transaction, the Company would have been entitled
pursuant to the provisions of Section 103 of this Second Supplemental
Indenture to issue, assume or guarantee Debt secured by a Lien on the property
sold in such sale and lease-back transaction in an amount equal to the
liability attributable to the lease entered into in connection with sale and
lease-back transactions existing at such time (discounted at the rate of
interest in the lease, or if not in the lease at a rate of interest that is
equivalent to the rate of interest that is then being charged with respect to
Indebtedness secured by like Liens on like property) without having to secure
any outstanding Notes;

 

(b)           the Company would be
permitted pursuant to the provisions of Section 103 of this Second
Supplemental Indenture to incur Debt secured by a Lien on the Principal
Property to be leased without equally and ratably securing any Note; or

 

(c)           within 180 days of the
effective date of any such arrangement (or in the case of clause (iii) of
this paragraph, within six months thereafter pursuant

 

5

 

to a firm purchase
commitment entered into within such 180-day period) the Company shall apply an
amount equal to the fair value (determined as specified above) of such
Principal Property:

 

(i)              to the redemption,
if applicable, or repurchase, if permitted, of the Notes,

 

(ii)             to the payment or
other retirement of Funded Debt incurred or assumed by the Company which ranks
senior to or pari passu with the Notes or of Funded Debt incurred or
assumed by any Subsidiary of the Company (other than, in either case, Funded
Debt owned by the Company or any Subsidiary of the Company), or

 

(iii)            to the purchase of
Principal Property (other than the Principal Property involved in such sale).

 

Notwithstanding anything
herein to the contrary, restrictions on sale and lease-back transactions shall
not apply to sale and lease-back arrangements existing on the date of the first
issuance of the Notes.

 

SECTION 105.  RESTRICTIONS ON GUARANTIES.  The Company will not, and will not permit
any Subsidiary that is a “significant subsidiary” as defined under Rule 405 of
the Securities Act of 1933, as amended, to be or become obligated under any
Guaranty (as defined in each of the Credit Facility and Note Purchase
Agreements) of Indebtedness (as defined in each of the Credit Facility and Note
Purchase Agreements) of the Company.

 

SECTION 106.  FORM OF 2013 SENIOR NOTE. The form of
the Note is attached hereto as Exhibit A.

 

ARTICLE II

 

MISCELLANEOUS

 

SECTION 201.  DEFINITIONS.  Capitalized terms used but not defined in
this Second Supplemental Indenture shall have the meanings ascribed thereto in
the Indenture.

 

SECTION 202.  CONFIRMATION OF INDENTURE.  The Indenture, as heretofore supplemented
and amended by this Second Supplemental Indenture, is in all respects ratified
and confirmed, and the Indenture and this Second Supplemental Indenture and all
indentures supplemental thereto shall be read, taken and construed as one and
the same instrument.

 

SECTION 203.  CONCERNING THE TRUSTEE.  The Trustee assumes no duties,
responsibilities or liabilities by reason of this Second Supplemental Indenture
other than as set forth in the Indenture and, in carrying out its
responsibilities hereunder, shall have all of the rights, protections and
immunities which it possesses under the Indenture.  The Trustee makes no representations as to the validity or
sufficiency of this Second Supplemental Indenture.  The recitals and statements herein are deemed to be those of the
Company and not the Trustee.

 

6

 

SECTION 204.  GOVERNING LAW.  This Second Supplemental Indenture, the
Indenture and the Notes shall be deemed to be contracts made under the laws of
the State of New York and for all purposes shall be construed in accordance
with the laws of the State of New York.

 

SECTION 205.  SEPARABILITY.  In case any provision in this Second
Supplemental Indenture shall for any reason be held to be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining
provisions shall not in any way be affected or impaired thereby.

 

SECTION 206.  COUNTERPARTS.  This Second Supplemental Indenture may be
executed in any number of counterparts each of which shall be an original, but
such counterparts shall together constitute but one and the same instrument.

 

[Remainder of Page Intentionally Left Blank]

 

7

 

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

 

	
   

  	
  BLYTH, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
    Name:

  
	
   

  	
    Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WACHOVIA BANK, NATIONAL
  

    ASSOCIATION, as Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
    Name:

  
	
   

  	
    Title:

  

 

8

EXHIBIT A

 

[FACE OF NOTE]

 

[LEGEND FOR INCLUSION IN
GLOBAL SECURITIES— 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 IS
EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE
DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE
INDENTURE AND, UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR
SECURITIES IN DEFINITIVE FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A
WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE
DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE
DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH
SUCCESSOR DEPOSITARY.]

 

[LEGEND FOR INCLUSION IN
GLOBAL SECURITIES —  UNLESS THIS
SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE COMPANY (AS DEFINED BELOW) OR
ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS
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.]

 

	
  No.: 

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  CUSIP No.: 09643PAB4

  	
   

  	
  Principal Amount: $

  
	
   

  	
  BLYTH, INC.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  5.50% Senior Notes due 2013

  	
   

  

 

Blyth, Inc., a Delaware
corporation (hereinafter called the “Company”, which term includes any
successor under the Indenture referred to below), for value received, hereby
promises to pay to
               
or registered assigns, the principal sum of
                     
($               )
on November 1, 2013, and to pay interest thereon from October 23, 2003 or from
the most recent date to which interest has been paid or duly provided for,
semiannually on May 1 and November 1 of each year (each, an “Interest Payment
Date”), commencing May 1, 2004, and at Maturity, at the rate of 5.50% per
annum, until the principal hereof is paid or duly made available for payment.
Interest on this Note shall be calculated on the basis of a 360-day year
consisting of twelve 30-day months.

 

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 Note (or
one

 

A-1

 

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, immediately preceding such
Interest Payment Date.

 

Any such interest which
is payable, but is not punctually paid or duly provided for, on any Interest
Payment Date shall forthwith cease to be payable to the registered holder
hereof on the relevant Regular Record Date by virtue of having been such
holder, and may be paid to the Person in whose name this Note (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 the holder of this Note not less than
ten days prior to such Special Record Date.

 

Payment of the principal
of, premium, if any, and the interest on this Note will be made at the office
or agency of the Company maintained for that purpose in the Borough of
Manhattan, The City of New York, 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,
principal, premium, if any, and interest may be paid by check mailed to the
address of the Person entitled thereto as such address shall appear in the
Security Register except a holder of $10,000,000 or more in aggregate principal
amount of the Notes will be entitled to receive payments by wire transfer upon
written request to the Trustee not less than ten Business Days prior to the
applicable Interest Payment Date.

 

Reference is made to the
further provisions of this Note set forth on the reverse hereof, which further
provisions shall for all purposes have the same effect as if set forth at this
place.

 

Unless the certificate of
authentication hereon has been executed by or on behalf of the Trustee under
the Indenture by the manual signature of one of its authorized signatories,
this Note shall not be entitled to any benefits under the Indenture or be valid
or obligatory for any purpose.

 

A-2

 

IN WITNESS WHEREOF, the
Company has caused this instrument to be duly executed.

 

	
  Dated:

  	
   

  
	
   

  	
  BLYTH, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
  Attest:

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Secretary

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  TRUSTEE’S CERTIFICATE
  OF AUTHENTICATION

  	
   

  
	
  This is one of the
  Notes of the series designated

  	
   

  
	
  therein referred to in
  the within-mentioned Indenture.

  	
   

  
	
   

  	
   

  
	
  WACHOVIA BANK, NATIONAL
  ASSOCIATION, as Trustee

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Authorized
  Signatory

  	
   

  
						

 

A-3

 

[REVERSE OF NOTE]

 

BLYTH, INC.

5.50% Senior Notes due 2013

 

1.             Indenture.  This Note is one of a duly authorized issue
of Securities of the Company (herein called the “Notes”) issued and to be
issued under an Indenture dated as of May 20,1999, as supplemented by the
First Supplemental Indenture dated September 29, 1999 and the Second
Supplemental Indenture dated October 23, 2003 (collectively called, together
with all indentures supplemental thereto, the “Indenture”) among the Company
and Wachovia Bank, National Association, as successor to First Union National
Bank, as trustee (herein called the “Trustee”, which term includes any
successor trustee under the Indenture), to which Indenture and all indentures
supplemental thereto reference is hereby made for a statement of the respective
rights, limitations of rights, duties and immunities thereunder of the Company,
the Trustee and the holders of the Notes, and the terms upon which the Notes
are, and are to be, authenticated and delivered. This Note is one of the
Securities of the series designated on the face hereof, limited in aggregate
principal amount to $100 million.

 

Capitalized terms used in
this Note which are not defined herein shall have the meanings assigned to them
in the Indenture.

 

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

 

2.             Redemption.  The Notes are subject to redemption at any
time at the option of the Company as provided in the Indenture.  The Notes are not entitled to any sinking
fund.

 

3.             Defaults and
Remedies.  If an Event of Default
with respect to the Notes shall occur and be continuing, the principal of the
Notes may be declared due and payable in the manner and with the effect
provided in the Indenture.

 

4.             Amendments and
Waivers.  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 Notes of each series issued under the Indenture at any time by
the Company and the Trustee with the consent of the holders of not less than a
majority in aggregate principal amount of the Notes at the time Outstanding of
each series affected thereby.  The
Indenture also contains provisions permitting the holders of specified
percentages in aggregate principal amount of the Notes of any series at the
time Outstanding, on behalf of the holders of all Notes 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 except a
default in the payment of the principal of, premium, if any, or interest on any
Note. Any such consent or waiver by the holder of this Note shall be conclusive
and binding upon such holder and upon all future holders of this Note and of
any Notes issued upon the

 

A-4

 

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 Note.

 

5.             Satisfaction and
Discharge of Indenture.  The
Indenture contains provisions whereby (i) the Company may be discharged from
its obligations with respect to the Notes (subject to certain exceptions) or
(ii) the Company may be released from its obligations under specified covenants
and agreements in the Indenture, in each case if the Company irrevocably
deposits with the Trustee money or U.S. Government Obligations sufficient to
pay and discharge the entire indebtedness on all Notes, and satisfies certain
other conditions, all as more fully provided in the Indenture.

 

6.             Denominations,
Transfer and Exchange.  The Notes
will be issued only in fully registered form without coupons and will be a
“Registered Security” under the Indenture. 
The Notes will be issued in fully registered book-entry form, and will
be represented by one or more fully registered global securities (the “Global
Securities”) deposited with or on behalf of the DTC and registered in the name
of the DTC or its nominee.  Interests in
the Global Securities will be shown on, and transfers thereof will be effected
only through, records maintained by the DTC (with respect to its participants’
interests) and the DTC’s participants (with respect to beneficial ownership
interests).  So long as the DTC or its
nominee is the registered owner of a Global Security, such registered owner
will be considered the sole owner or holder of the Notes represented by such
Global Security for all purposes under the Indenture.  Except as otherwise provided in the Indenture, beneficial owners
will not be entitled to have any of the individual Notes represented by such
Global Security registered in their names, will not receive or be entitled to
receive physical delivery of any such Notes in definitive form and will not be
considered the owners or holders thereof under the Indenture.  Notes will be issued in denominations of
$1,000 and any integral multiple thereof.

 

Payments of principal of
and interest on Notes represented by a Global Security registered in the name
of the DTC or its nominee will be made to the DTC or its nominee, as the case
may be, as the registered owner of the Global Security representing such Notes.  None of the Company, the Trustee, any Paying
Agent or the Security Registrar for such Notes will have any responsibility or
liability for any aspect of the records relating to or payments made on account
of beneficial ownership interests of the Global Security for such Notes or for
maintaining, supervising or reviewing any records relating to such beneficial
ownership interests.  The Notes may be
transferred or exchanged only through a participant in the DTC.

 

7.             Persons deemed
Owners.  Prior to the time of due
presentment of this Note 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 Note is registered as the owner hereof for all purposes, whether or not
this Note shall be overdue, and neither the Company, the Trustee nor any agent
shall be affected by notice to the contrary.

 

8.             CUSIP Numbers.  Pursuant to a recommendation promulgated by
the Committee on Uniform Security Identification Procedures, the Company has
caused “CUSIP” numbers to be printed on the Notes as a convenience to the
holders of the Notes.  No representation
is made as to the correctness or accuracy of such CUSIP numbers as printed on
the Notes, and reliance may be placed only on the other identification numbers
printed hereon.

 

A-5

 

9.             Authentication.  Unless the certificate of authentication
hereon has been executed by or on behalf of the Trustee under the Indenture by
the manual signature of one of its authorized signatories, this Note shall not
be entitled to any benefits under the Indenture or be valid or obligatory for
any purpose.

 

THE INDENTURE AND THE
NOTES INCLUDING THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK.

 

[Remainder of Page Intentionally Left Blank]

 

A-6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}]]