Document:

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                                                                     EXHIBIT 4.3

                          TRANSOCEAN SEDCO FOREX INC.

                             OFFICERS' CERTIFICATE
                             ---------------------

          The undersigned, Robert L. Long and Eric B. Brown, do hereby certify
     that they are the duly appointed and acting Executive Vice President and
     Chief Financial Officer and Senior Vice President, General Counsel and
     Corporate Secretary, respectively, of Transocean Sedco Forex Inc., a Cayman
     Islands exempted company (the "Company").  Each of the undersigned also
     hereby certifies, pursuant to Sections 103 and 301 of the Indenture dated
     as of April 15, 1997, between Transocean Offshore Inc. ("Transocean-
     Delaware"), a Delaware corporation and a predecessor of the Company, and
     The Chase Manhattan Bank (formerly known as Texas Commerce Bank National
     Association) (the "Trustee"), as supplemented by the First Supplemental
     Indenture between Transocean-Delaware and the Trustee, dated as of April
     15, 1997, the Second Supplemental Indenture among Transocean Offshore
     (Texas) Inc., a Texas corporation and a predecessor of the Company, the
     Company and the Trustee, dated as of May 14, 1999, and the Third
     Supplemental Indenture between the Company and the Trustee, dated as of May
     24, 2000 (such Indenture, as supplemented by the First Supplemental
     Indenture, Second Supplemental Indenture and Third Supplemental Indenture,
     the "Indenture"), that:

          A.  There is hereby established pursuant to resolutions duly adopted
     by the Board of Directors of the Company on February 8, 2001 (a copy of
     such resolutions being attached hereto as Exhibit A) a series of Securities
     (as that term is defined in the Indenture) to be issued under the Indenture
     designated 6.625% Notes due April 15, 2011 ("6.625% Notes").

          B.  There is hereby established pursuant to resolutions duly adopted
     by the Board of Directors of the Company on February 8, 2001 (a copy of
     such resolutions being attached hereto as Exhibit A) a series of Securities
     (as that term is defined in the Indenture) to be issued under the Indenture
     designated 7.500% Notes due April 15, 2031 ("7.500% Notes").

          C.  The terms and form of the 6.625% Notes shall be as set forth in
     Exhibit B and Exhibit C, respectively.

          D.  The terms and form of the 7.500% Notes shall be as set forth in
     Exhibit D and Exhibit E, respectively.

                                       1
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          E.  Each of the undersigned has read the provisions of Section 301 and
     303 of the Indenture and the definitions relating thereto and the
     resolutions adopted by the Board of Directors of the Company referred to
     above. In the opinion of each of the undersigned, he has made such
     examination or investigation as is necessary to enable him to express an
     informed opinion as to whether or not all conditions precedent provided in
     the Indenture relating to the establishment, authentication and delivery of
     the 6.625% Notes and the 7.500% Notes have been complied with.

          F.  In the opinion of each of the undersigned, all such conditions
     precedent have been complied with.

                                       2
<PAGE>

          IN WITNESS WHEREOF, the undersigned have hereunto executed this
Certificate as of April 5, 2001.

                              /s/ ROBERT L. LONG
                              _____________________________________
                              Robert L. Long
                              Executive Vice President and
                              Chief Financial Officer

                              /s/ ERIC B. BROWN
                              _____________________________________
                              Eric B. Brown
                              Senior Vice President, General Counsel and
                              Corporate Secretary

                                       3
<PAGE>

                                                                       EXHIBIT B

                          TRANSOCEAN SEDCO FOREX INC.

                        6.625% Notes due April 15, 2011

        1. The title of the Securities of the series shall be "6.625% Notes due
April 15, 2011" (the "Notes").

        2. The limit upon the aggregate principal amount of the Notes which 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 pursuant to Sections 304, 305, 306, 906 or 1107
of the Indenture) is $700,000,000.

        3. Interest on the Notes shall be payable to the persons in whose name
the Notes are registered at the close of business on the Regular Record Date (as
defined in the Indenture) for such interest payment.

        4. The date on which the principal of the Notes is payable, unless
accelerated pursuant to the Indenture, shall be April 15, 2011.

        5. The rate at which each of the Notes shall bear interest shall be
6.625% per annum. The date from which interest shall accrue for each of the
Notes shall be April 5, 2001. The Interest Payment Dates on which interest on
the Notes shall be payable are April 15 and October 15, commencing on October
15, 2001. The Regular Record Dates for the interest payable on the Notes on any
Interest Payment Date shall be the April 1 or October 1, as the case may be,
immediately preceding such interest payment date.

        6. The place or places where the principal of and interest on the Notes
shall be payable, the Notes may be surrendered for registration of transfer, the
Notes may be surrendered for exchange and notices may be given to the Company in
respect of the Notes is at the office of the Trustee in Houston, Texas and at
the agency of the Trustee maintained for that purpose at the office of the
Trustee; provided that payment of interest may be made at the option of the
Company by check mailed to the address of the person entitled thereto as such
address shall appear in the Security Register (as defined in the Indenture) or
by wire transfer of immediately available funds to the accounts specified by the
Holder (as defined in the Indenture) of such Notes.

        7. The Notes may be redeemed at any time, at the option of the Company,
in whole or from time to time in part, on a date fixed by the Company for such
redemption (the "Redemption Date") at a price (the "Redemption Price") equal to
the greater of:

        (a)  100 percent of the principal amount of the Notes being redeemed
             plus accrued interest to the Redemption Date, and

        (b)  the sum of the present values of the remaining scheduled payments
             of principal of and interest on the Notes being redeemed (assuming
             for this purpose that the Notes remained outstanding to maturity),
             discounted to the Redemption Date in accordance with standard
             market practice (on a semiannual compounding basis and assuming a
             360-day year consisting of
<PAGE>

             twelve 30-day months) at the Treasury Rate referred to below plus
             25 basis points.

        The Treasury Dealer referred to below will determine the Redemption
Price and its determination will be final and binding, absent manifest error.

        For purposes of calculating the Redemption Price in connection with the
redemption of Notes of this series on any Redemption Date, the following terms
have the meanings set forth below:

        "Treasury Rate" means the semiannual equivalent yield to maturity of the
Treasury Security referred to below that corresponds to the Treasury Price
referred to below (calculated in accordance with standard market practice and
computed as of the second trading day preceding the Redemption Date).

        "Treasury Security" means the United States Treasury security that the
Treasury Dealer determines would be appropriate to use, at the time of
determination and in accordance with standard market practice, in pricing the
Notes being redeemed in a tender offer based on a spread to United States
Treasury yields.

        "Treasury Price" means the bid-side price for the Treasury Security as
of the third trading day preceding the Redemption Date, as set forth in the
daily statistical release (or any successor release) published by the Federal
Reserve Bank of New York on that trading day and designated "Composite 3:30 p.m.
Quotations for U.S. Government Securities," except that:

        (a)  if that release (or any successor release) is not published or does
             not contain that price information on that trading day, or

        (b)  if that price information is not reasonably reflective (as
             determined by the treasury dealer) of the actual bid-side price for
             the Treasury Security prevailing at 3:30 p.m. on that trading day,

then "Treasury Price" will instead mean the bid-side price for the Treasury
Security at or around 3:30 p.m., New York City time, on that trading day
(expressed on a next trading day settlement basis) as determined by the Treasury
Dealer through such alternative means as the Treasury Dealer considers to be
appropriate under the circumstances.

        "Treasury Dealer" means Goldman, Sachs & Co. (or its successor) or, if
Goldman, Sachs & Co. (or its successor) refuses to act as treasury dealer for
these purposes or ceases to be a primary U.S. Government securities dealer,
another nationally recognized investment banking firm that is a primary U.S.
Government securities dealer specified by the Company for these purposes.

        8. The Notes shall not be entitled to the benefit of any sinking fund or
other mandatory redemption provision.

        9. Additional Amounts (as defined in the Indenture) with respect to the
Notes shall be payable in accordance with the Indenture and the provisions of
this paragraph 9. The Company agrees that any amounts to be paid by the Company
hereunder with respect to any Note shall be paid without deduction or
withholding for any and all present and
<PAGE>

future withholding taxes, levies, imposts and charges whatsoever imposed by or
for the account of the Cayman Islands or any political subdivision or taxing
authority thereof or therein, or if deduction or withholding of any such taxes,
levies, imposts or charges shall at any time be required by the Cayman Islands
or any such subdivision or authority thereof or therein, the Company will
(subject to compliance by the Holder of such Note with any relevant
administrative requirements) pay such additional amounts ("Tax Additional
Amounts") in respect of principal amount, premiums (if any), Redemption Price,
and interest (if any), in accordance with the terms of the Notes and the
Indenture, as the case may be, in order that the amounts received by the Holder
of the Note, after such deduction or withholding, shall equal the respective
amounts of principal amount, premium (if any), Redemption Price, and interest
(if any), in accordance with the terms of the Notes and the Indenture, as
specified in such Notes to which such Holder is entitled; provided, however,
that the foregoing shall not apply to:

        (1) any such tax, levy, impost or charge which would not be payable or
            due but for the fact that (A) the Holder of a Note (or a fiduciary,
            settlor, beneficiary of, member or shareholder of, such Holder, if
            such Holder is an estate, trust, partnership or corporation) is a
            domiciliary, national or resident of, or engaging in business or
            maintaining a permanent establishment or being physically present
            in, the Cayman Islands or such political subdivision or otherwise
            having some present or former connection with the Cayman Islands
            other than the holding or ownership of such Note or the collection
            of principal amount, premium (if any), Redemption Price, and
            interest (if any), in accordance with the terms of the Note and the
            Indenture, or the enforcement of such Note or (B) where presentation
            is required, such Note was presented more than 30 days after the
            date such payment became due or was provided for, whichever is
            later;

        (2) any estate, inheritance, gift, sales, transfer, excise, personal
            property or similar tax, levy, impost or charge;

        (3) any tax, levy, impost or charge which is payable otherwise than by
            withholding from payment of principal amount, premium (if any),
            Redemption Price, and interest (if any);

        (4) any tax, levy, impost or charge which would not have been imposed
            but for the failure to comply with certification, information,
            documentation or other reporting requirements concerning the
            nationality, residence, identity or connections with the relevant
            tax authority of the Holder or beneficial owner of such Note, if
            such compliance is required by statute or by regulation as a
            precondition to relief or exemption from such tax, levy, impost or
            charge; or

        (5) any combination of (1) through (4).

nor shall any Tax Additional Amounts be paid to any Holder who is a fiduciary or
partnership or other than the sole beneficial owner of such Note to the extent
that a beneficiary or settlor with respect to such fiduciary, or a member of
such partnership or a beneficial owner thereof, would not have been entitled to
the payment of such Tax Additional Amounts had such beneficiary, settlor, member
or beneficial owner been the Holder of the Note.
<PAGE>

        10. The Notes shall be in fully registered form without coupons in
denominations of $1,000 of principal amount thereof or any integral multiple
thereof.

        11. Section 403 of the Indenture shall be applicable to the Notes.

        12. The Notes will initially be issued in permanent global form,
substantially in the form set forth in Exhibit C to the Officers' Certificate to
which this Exhibit is attached (the "Global Securities"), as a Book-Entry
Security. Each Global Security shall represent such of the Notes as shall be
specified therein and shall provide that it shall represent the aggregate amount
of Notes from time to time endorsed thereon and that the aggregate amount of
Notes represented thereby may from time to time be reduced to reflect exchanges
and redemptions. Any endorsement of a Note to reflect the amount, or any
increase or decrease in the amount, of Notes represented thereby shall be made
by the Trustee in accordance with written instructions or such other written
form of instructions as is customary for the Depositary, from the Depositary or
its nominee on behalf of any Person having the beneficial interest in the Global
Security.

        13. The Company initially appoints the Trustee to act as Paying Agent
with respect to the Notes.

        14. (i) Except as permitted by the following paragraphs (ii) and (iii),
each certificate evidencing the Notes shall bear a legend (the "Private
Placement Legend") substantially in the following form:

     THE SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE U.S.
     SECURITIES ACT OF 1933 (THE "SECURITIES ACT") AND MAY NOT BE OFFERED, SOLD,
     PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (1) TO A PERSON WHO THE SELLER
     REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING
     OF RULE 144A UNDER THE SECURITIES ACT PURCHASING FOR ITS OWN ACCOUNT OR FOR
     THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE
     REQUIREMENTS OF RULE 144A, (2) IN AN OFFSHORE TRANSACTION COMPLYING WITH
     RULE 903 OR 904 OF REGULATION S UNDER THE SECURITIES ACT, (3) PURSUANT TO
     AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE
     144 THEREUNDER (IF AVAILABLE) OR (4) PURSUANT TO AN EFFECTIVE REGISTRATION
     STATEMENT, IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE SECURITIES LAWS
     OF THE STATES OF THE UNITED STATES.

     In addition, each certificate evidencing Book-Entry Notes shall bear the
     legend set forth on the face of the Form of Note attached as Exhibit C to
     the Officers' Certificate to which this Exhibit is attached.

        (ii) Upon any sale or transfer of a Registrable Security (as defined in
the Exchange and Registration Rights Agreement dated as of April 5, 2001 (the
"Registration Rights Agreement") between the Company and Goldman, Sachs & Co.,
as representatives of the several Purchasers named therein), including any
Registrable Security in the form of a Book-Entry Security, pursuant to Rule 144
under the Securities Act of 1933, as amended (the "Securities Act"), or an
effective registration statement under the Securities Act, which
<PAGE>

shall be certified to the Trustee and Security Registrar upon which each may
conclusively rely:

        (a)  in the case of any Registrable Security in definitive form, the
             Security Registrar shall permit the Holder thereof to exchange such
             Registrable Security for a Note in definitive form that does not
             bear the Private Placement Legend and rescind any restriction on
             the transfer of such Registrable Security; and

        (b)  in the case of any Registrable Security in the form of a Book-Entry
             Note, such Registrable Security shall not be required to bear the
             Private Placement Legend if all other interests in such Book-Entry
             Security have been or are concurrently being sold or transferred
             pursuant to Rule 144 under the Securities Act or pursuant to an
             effective registration statement under the Securities Act, but such
             Registrable Security shall continue to be subject to the provisions
             of Sections 204 and 305 of the Indenture and this paragraph 14.

        (iii) Notwithstanding the foregoing, upon consummation of the Exchange
Offer (as defined in the Registration Rights Agreement), the Company shall issue
and, upon receipt of an authentication order in accordance with Section 303 of
the Indenture, the Trustee shall authenticate Notes ("Exchange Notes") in
exchange for Notes accepted for exchange in the Exchange Offer, which Exchange
Notes shall not bear the Private Placement Legend, and the Security Registrar
shall rescind any restriction on the transfer of such Exchange Notes, in each
case unless the Holder of Notes accepted for exchange in the Registered Exchange
Offer is either (A) a broker-dealer tendering Notes acquired directly from the
Company, (B) a Person (as defined in the Indenture) participating in the
Exchange Offer for purposes of distributing the Exchange Notes or (C) a Person
who is an "affiliate" (as defined in Rule 144 under the Securities Act) of the
Company. The Company shall identify to the Trustee such Holders of the Notes in
a written certification signed by an Officer of the Company and, absent
certification from the Company to such effect, the Trustee shall assume that
there are no such Holders.

        15. In addition to the requirements set forth in Section 305 of the
Indenture, Notes in definitive form that are Registrable Securities presented or
surrendered for registration of transfer or exchange pursuant to Section 305 of
the Indenture shall be accompanied, if the Company or the Trustee so request, by
certifications from the Holder (which certifications shall be based upon an
opinion of counsel if the Company or the Trustee so request) to the following
effect, upon which the Security Registrar may conclusively rely:

        (a)  such Registrable Securities are being delivered to the Security
             Registrar by a Holder for registration in the name of such Holder,
             without transfer; or

        (b)  such Registrable Securities are being transferred (1) to a
             "qualified institutional buyer" (as defined in Rule 144A under the
             Securities Act) in accordance with Rule 144A under the Securities
             Act or (2) pursuant to an exemption from registration in accordance
             with Rule 144 under the Securities Act or (3) pursuant to an
             effective registration statement under the Securities Act; or
<PAGE>

        (c)  such Registrable Securities are being transferred pursuant to an
             exemption from registration in accordance with Rule 904 of
             Regulation S under the Securities Act.

The transfer and exchange of Book-Entry Notes or beneficial interests therein
shall be effected through the Depositary, in accordance with Section 305 of the
Indenture and the rules and procedures of the Depositary therefor, which shall
include restrictions on transfer substantially comparable to those set forth
therein and herein to the extent such restrictions are required by the
Securities Act.
<PAGE>

                                                                       EXHIBIT C

                           [FORM OF GLOBAL SECURITY]

     UNLESS THIS CERTIFICATE 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 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.

     UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR THE INDIVIDUAL
SECURITIES REPRESENTED HEREBY, THIS GLOBAL 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.

                                  6.625% NOTE
                              DUE APRIL 15, 2011

                          TRANSOCEAN SEDCO FOREX INC.

Issue Date: April 5, 2001                               Maturity: April 15, 2011

Principal Amount:  $_________________________           CUSIP: _________________

Registered: No. R-

     Transocean Sedco Forex Inc., a Cayman Islands exempted company limited by
shares (herein called the "Company", which term includes any successor
corporation under the indenture hereinafter referred to), for value received,
hereby promises to pay to _____________________________, or registered assigns,
the principal sum of _____________ ($___________) on April 15, 2011 and to pay
interest thereon and Tax Additional Amounts, if any, in immediately available
funds as specified on the other side of this Security.

                                      -1-
<PAGE>

     Payment of the principal of and interest and Tax Additional Amounts, if
any, on this Global Security will be made at the office or agency of the Company
maintained for that purpose in 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, payment of interest and Tax Additional Amounts, if any, may be made
by check mailed to the address of the Person entitled thereto as such address
shall appear in the Security Register or by wire transfer of immediately
available funds to the accounts designated to the Holder of this Security.

     Reference is hereby made to the further provisions of this Global 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.

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

     IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal.

Dated:

                                                TRANSOCEAN SEDCO FOREX INC.

                                                By: ___________________________
                                                    Name:
                                                    Title:

Attest:

Assistant Secretary

                                      -2-
<PAGE>

                    TRUSTEE'S CERTIFICATE OF AUTHENTICATION

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

                                                THE CHASE MANHATTAN BANK,
                                                as Trustee

                                                _______________________________
                                                Authorized Signature

                                      -3-
<PAGE>

                       [FORM OF REVERSE SIDE OF SECURITY]

                          TRANSOCEAN SEDCO FOREX INC.

                         6.625% NOTE DUE APRIL 15, 2011

     This Global Security is one of a duly authorized issue of senior securities
of the Company (herein called the "Global Securities"), issued and to be issued
in one or more series under an Indenture, dated as of April 15, 1997, as amended
by the First Supplemental Indenture thereto, dated as of April 15, 1997, the
Second Supplemental Indenture thereto, dated as of May 14, 1999 and the Third
Supplemental Indenture thereto, dated as of May 24, 2000 (as so amended, herein
called the "Indenture"), between the Company and The Chase Manhattan Bank, as
Trustee (herein called the "Trustee", which term includes any successor trustee
under the Indenture), or their respective predecessors, as applicable, 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 Securities and of
the terms upon which the Securities are, and are to be, authenticated and
delivered.  This Global Security is one of the series designated on the face
hereof, limited in aggregate principal amount to $700,000,000.

INTEREST

     The rate at which this Global Security shall bear interest shall be 6.625%
per annum.  The date from which interest shall accrue for this Global Security
shall be April 5, 2001.  The Interest Payment Dates on which interest on this
Global Security shall be payable are April 15 and October 15 of each year,
commencing on October 15, 2001.  The Regular Record Date for the interest
payable on this Global Security on any Interest Payment Date shall be the April
1 or October 1, as the case may be, immediately preceding such interest payment
date.

     Interest on any Registered Security which is payable, and is punctually
paid or duly provided for, on any Interest Payment Date shall be paid to the
Person in whose name that Security (or one or more Predecessor Securities) is
registered at the close of business on the Regular Record Date for such
interest.

OPTIONAL REDEMPTION

     The Securities of this series may be redeemed at any time, at the option of
the Company, in whole or from time to time in part, on a date fixed by the
Company for such redemption (the "Redemption Date") and at a price (the
"Redemption Price") equal to the greater of:

                                      -4-
<PAGE>

     (a)  100 percent of the principal amount of the Securities being redeemed
          plus accrued interest to the Redemption Date, and

     (b)  the sum of the present values of the remaining scheduled payments of
          principal of and interest on the Securities being redeemed (assuming
          for this purpose that the Securities remained outstanding to
          maturity), discounted to the Redemption Date in accordance with
          standard market practice (on a semiannual compounding basis and
          assuming a 360-day year consisting of twelve 30-day months) at the
          Treasury Rate referred to below plus 25 basis points.

     The Treasury Dealer referred to below will determine the Redemption Price
and its determination will be final and binding, absent manifest error.

     For purposes of calculating the Redemption Price in connection with the
redemption of Securities of this series on any Redemption Date, the following
terms have the meanings set forth below:

     "Treasury Rate" means the semiannual equivalent yield to maturity of the
Treasury Security referred to below that corresponds to the Treasury Price
referred to below (calculated in accordance with standard market practice and
computed as of the second trading day preceding the Redemption Date).

     "Treasury Security" means the United States Treasury security that the
Treasury Dealer determines would be appropriate to use, at the time of
determination and in accordance with standard market practice, in pricing the
Securities being redeemed in a tender offer based on a spread to United States
Treasury yields.

     "Treasury Price" means the bid-side price for the Treasury Security as of
the third trading day preceding the Redemption Date, as set forth in the daily
statistical release (or any successor release) published by the Federal Reserve
Bank of New York on that trading day and designated "Composite 3:30 p.m.
Quotations for U.S. Government Securities," except that:

     (a)  if that release (or any successor release) is not published or does
          not contain that price information on that trading day, or

     (b)  if that price information is not reasonably reflective (as determined
          by the Treasury Dealer) of the actual bid-side price for the Treasury
          Security prevailing at 3:30 p.m. on that trading day,

then "Treasury Price" will instead mean the bid-side price for the Treasury
Security at or around 3:30 p.m., New York City time, on that trading day
(expressed on a next trading day settlement basis) as determined by the Treasury
Dealer through such alternative means as the Treasury Dealer considers to be
appropriate under the circumstances.

                                      -5-
<PAGE>

     "Treasury Dealer" means Goldman, Sachs & Co. (or its successor) or, if
Goldman, Sachs & Co. (or its successor) refuses to act as treasury dealer for
these purposes or ceases to be a primary U.S. Government securities dealer,
another nationally recognized investment banking firm that is a primary U.S.
Government securities dealer specified by the Company for these purposes.

     Notice of redemption will be mailed by first-class mail at least 30 days
but not more than 60 days before the Redemption Date to each Holder of
Securities to be redeemed at its registered address. Securities in denominations
larger than $1,000 Principal Amount may be redeemed in part, but only in whole
multiples of $1,000. On and after the Redemption Date, subject to the deposit
with the Paying Agent of funds sufficient to pay the Redemption Price, interest
ceases to accrue on Securities or portions thereof called for redemption.

     In the event of redemption of this Global Security in part only, a new
Global Security or Global Securities 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.

TAX ADDITIONAL AMOUNTS

     The Company agrees that any amounts to be paid by the Company hereunder
with respect to any Security shall be paid without deduction or withholding for
any and all present and future withholding taxes, levies, imposts and charges
whatsoever imposed by or for the account of the Cayman Islands or any political
subdivision or taxing authority thereof or therein, or if deduction or
withholding of any such taxes, levies, imposts or charges shall at any time be
required by the Cayman Islands or any such subdivision or authority thereof or
therein, the Company will (subject to compliance by the Holder of such Security
with any relevant administrative requirements) pay such additional amounts ("Tax
Additional Amounts") in respect of principal amount, premiums (if any),
Redemption Price and interest (if any), in accordance with the terms of the
Securities and the Indenture, as the case may be, in order that the amounts
received by the Holder of the Security, after such deduction or withholding,
shall equal the respective amounts of principal, premium (if any), Redemption
Price and interest (if any), in accordance with the terms of the Securities and
the Indenture, as specified in such Securities to which such Holder is entitled;
provided, however, that the foregoing shall not apply to:

        (1) any such tax, levy, impost or charge which would not be payable or
    due but for the fact that (A) the Holder of a Security (or a fiduciary,
    settlor, beneficiary of, member or shareholder of, such Holder, if such
    Holder is an estate, trust, partnership or corporation) is a domiciliary,
    national or resident of, or engaging in business or maintaining a permanent
    establishment or being physically present in, the Cayman Islands or such
    political subdivision or otherwise having some present or former connection
    with the Cayman Islands other than the holding or ownership of such Security
    or the collection of the respective amounts of principal, premium (if any),
    Redemption Price and interest (if any), in accordance with the terms of the
    Security and the Indenture, or the enforcement of such Security or (B) where
    presentation is required, such Security was presented more than 30 days
    after the date such payment became due or was provided for, whichever is
    later;

                                      -6-
<PAGE>

        (2) any estate, inheritance, gift, sales, transfer, excise, personal
    property or similar tax, levy, impost or charge;

        (3) any tax, levy, impost or charge which is payable otherwise than by
    withholding from payment of the respective amounts of principal, premium (if
    any), Redemption Price and interest (if any);

        (4) any tax, levy, impost or charge which would not have been imposed
    but for the failure to comply with certification, information, documentation
    or other reporting requirements concerning the nationality, residence,
    identity or connections with the relevant tax authority of the Holder or
    beneficial owner of such Security, if such compliance is required by statute
    or by regulation as a precondition to relief or exemption from such tax,
    levy, impost or charge; or

        (5) any combination of (1) through (4);

nor shall any Tax Additional Amounts be paid to any Holder who is a fiduciary or
partnership or other than the sole beneficial owner of such Security to the
extent that a beneficiary or settlor with respect to such fiduciary, or a member
of such partnership or a beneficial owner thereof, would not have been entitled
to the payment of such Tax Additional Amounts had such beneficiary, settlor,
member or beneficial owner been the Holder of the Security.

TRANSFER

     As provided in the Indenture and subject to certain limitations therein set
forth, the transfer of this Global Security is registrable in the Security
Register, upon surrender of this Global Security for registration or transfer at
the office or agency in a Place of Payment for Securities of this series, duly
endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Company and the Security Registrar duly executed by, the
Holder hereof or his attorney duly authorized in writing, and thereupon one or
more new Securities of this series, of any authorized denominations and for the
same aggregate principal amount, executed by the Company and authenticated and
delivered by the Trustee, will be issued to the designated transferee or
transferees.

     The Securities of this series are issuable only in registered form without
coupons in denominations of $1,000 and any integral multiple thereof.  As
provided in the Indenture and subject to certain limitations set forth therein
and on the face of this Global Security, Securities of this series are
exchangeable for a like aggregate principal amount of Securities of this series
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.

                                      -7-
<PAGE>

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

AMENDMENT, SUPPLEMENT AND WAIVER; LIMITATION ON SUITS

     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 past defaults under the Indenture and their consequences. Any such
consent or waiver by the Holder of this Global Security shall be conclusive and
binding upon such Holder and upon all future Holders of this Global Security and
of any Global Security issued upon the registration of transfer hereof or in
exchange hereof or in lieu hereof, whether or not notation of such consent or
waiver is made upon this Global Security.

     Subject to the right of the Holder of any Securities of this series to
receive payment of the principal thereof (and premium, if any) and interest
thereon and any Tax Additional Amounts with respect thereto, no Holder of the
Securities of this series shall have any right to institute any proceeding,
judicial or otherwise, with respect to the Indenture, or for the appointment of
a receiver or trustee, or for any other remedy thereunder, unless

          (1) an Event of Default with respect to the Securities of this series
shall have occurred and be continuing and such Holder has previously given
written notice to the Trustee of such continuing Event of Default;

          (2) the Holders of not less than 25% in principal amount of the
Outstanding Securities of this series shall have made written request to the
Trustee to institute proceedings in respect of such Event of Default in its own
name as Trustee hereunder;

          (3) such Holder or Holders have offered to the Trustee reasonable
indemnity against the costs, expenses and liabilities to be incurred in
compliance with such request;

          (4) the Trustee for 60 days after its receipt of such notice, request
and offer of indemnity has failed to institute any such proceeding; and

          (5) no direction inconsistent with such written request has been given
to the Trustee during such 60-day period by the Holders of a majority in
principal amount of the Outstanding Securities of this series;

                                      -8-
<PAGE>

it being understood and intended that no one or more of such Holders shall have
any right in any manner whatever by virtue of, or by availing of, any provision
of the Indenture to affect, disturb or prejudice the rights of any other of such
Holders, or to obtain or to seek to obtain priority or preference over any other
of such Holders or to enforce any right under the Indenture, except in the
manner herein provided and for the equal and ratable benefit of all of such
Holders.

SUCCESSOR CORPORATION

     When a successor corporation assumes all the obligations of its predecessor
under the Securities and the Indenture in accordance with the terms and
conditions of the Indenture, the predecessor corporation will (except in certain
circumstances specified in the Indenture) be released from those obligations.

DEFAULTS AND REMEDIES

     If an Event of Default with respect to Securities of this series shall
occur and be continuing, all unpaid principal plus accrued interest through the
acceleration date of the Securities of this series may be declared due and
payable in the manner and with the effect provided in the Indenture.

DEFEASANCE

     The Indenture contains provisions for defeasance at any time of the entire
indebtedness of this Global Security or certain restrictive covenants and Events
of Default with respect to this Global Security, in each case upon compliance
with certain conditions set forth in the Indenture.

NO RECOURSE AGAINST OTHERS

     No recourse shall be had for the payment of the principal of or the
interest, if any, on this Global Security, for any claim based hereon, or
otherwise in respect hereof, or based on or in respect of the Indenture or any
indenture supplemental thereto, against any incorporator, shareholder, officer
or directory, as such, past, present or future, of the Company or of any
successor corporation, whether by virtue of any constitution, statute or rule of
law or by the enforcement of any assessment of penalty or otherwise, all such
liability being, by acceptance hereof and as part of the consideration for the
issue hereof, expressly waived and released.

INDENTURE TO CONTROL; GOVERNING LAW

     In the case of any conflict between the provisions of this Global Security
and the Indenture, the provisions of the Indenture shall control.

     THE INDENTURE AND THE SECURITIES SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

                                      -9-
<PAGE>

DEFINITIONS

     All terms defined in the Indenture and used in this Global Security but not
specifically defined herein are used herein as so defined.

                                     -10-
<PAGE>

                                                                       EXHIBIT D

                          TRANSOCEAN SEDCO FOREX INC.

                        7.500% Notes due April 15, 2031

        1. The title of the Securities of the series shall be "7.500% Notes due
April 15, 2031" (the "Notes").

        2. The limit upon the aggregate principal amount of the Notes which 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 pursuant to Sections 304, 305, 306, 906 or 1107
of the Indenture) is $600,000,000.

        3. Interest on the Notes shall be payable to the persons in whose name
the Notes are registered at the close of business on the Regular Record Date (as
defined in the Indenture) for such interest payment.

        4. The date on which the principal of the Notes is payable, unless
accelerated pursuant to the Indenture, shall be April 15, 2031.

        5. The rate at which each of the Notes shall bear interest shall be
7.500% per annum. The date from which interest shall accrue for each of the
Notes shall be April 5, 2001. The Interest Payment Dates on which interest on
the Notes shall be payable are April 15 and October 15, commencing on October
15, 2001. The Regular Record Dates for the interest payable on the Notes on any
Interest Payment Date shall be the April 1 or October 1, as the case may be,
immediately preceding such interest payment date.

        6. The place or places where the principal of and interest on the Notes
shall be payable, the Notes may be surrendered for registration of transfer, the
Notes may be surrendered for exchange and notices may be given to the Company in
respect of the Notes is at the office of the Trustee in Houston, Texas and at
the agency of the Trustee maintained for that purpose at the office of the
Trustee; provided that payment of interest may be made at the option of the
Company by check mailed to the address of the person entitled thereto as such
address shall appear in the Security Register (as defined in the Indenture) or
by wire transfer of immediately available funds to the accounts specified by the
Holder (as defined in the Indenture) of such Notes.

        7. The Notes may be redeemed at any time, at the option of the Company,
in whole or from time to time in part, on a date fixed by the Company for such
redemption (the "Redemption Date") at a price (the "Redemption Price") equal to
the greater of:

        (a)  100 percent of the principal amount of the Notes being redeemed
             plus accrued interest to the Redemption Date, and

        (b)  the sum of the present values of the remaining scheduled payments
             of principal of and interest on the Notes being redeemed (assuming
             for this purpose that the Notes remained outstanding to maturity),
             discounted to the Redemption Date in accordance with standard
             market practice (on a semiannual compounding basis and assuming
<PAGE>

             a 360-day year consisting of twelve 30-day months) at the Treasury
             Rate referred to below plus 35 basis points.

        The Treasury Dealer referred to below will determine the Redemption
Price and its determination will be final and binding, absent manifest error.

        For purposes of calculating the Redemption Price in connection with the
redemption of Notes of this series on any Redemption Date, the following terms
have the meanings set forth below:

          "Treasury Rate" means the semiannual equivalent yield to maturity of
     the Treasury Security referred to below that corresponds to the Treasury
     Price referred to below (calculated in accordance with standard market
     practice and computed as of the second trading day preceding the Redemption
     Date).

          "Treasury Security" means the United States Treasury security that the
     Treasury Dealer determines would be appropriate to use, at the time of
     determination and in accordance with standard market practice, in pricing
     the Notes being redeemed in a tender offer based on a spread to United
     States Treasury yields.

          "Treasury Price" means the bid-side price for the Treasury Security as
     of the third trading day preceding the Redemption Date, as set forth in the
     daily statistical release (or any successor release) published by the
     Federal Reserve Bank of New York on that trading day and designated
     "Composite 3:30 p.m. Quotations for U.S. Government Securities," except
     that:

        (a)  if that release (or any successor release) is not published or does
             not contain that price information on that trading day, or

        (b)  if that price information is not reasonably reflective (as
             determined by the treasury dealer) of the actual bid-side price for
             the Treasury Security prevailing at 3:30 p.m. on that trading day,

     then "Treasury Price" will instead mean the bid-side price for the Treasury
     Security at or around 3:30 p.m., New York City time, on that trading day
     (expressed on a next trading day settlement basis) as determined by the
     Treasury Dealer through such alternative means as the Treasury Dealer
     considers to be appropriate under the circumstances.

          "Treasury Dealer" means Goldman, Sachs & Co. (or its successor) or, if
     Goldman, Sachs & Co. (or its successor) refuses to act as treasury dealer
     for these purposes or ceases to be a primary U.S. Government securities
     dealer, another nationally recognized investment banking firm that is a
     primary U.S. Government securities dealer specified by the Company for
     these purposes.

        8. The Notes shall not be entitled to the benefit of any sinking fund or
other mandatory redemption provision.

        9. Additional Amounts (as defined in the Indenture) with respect to the
Notes shall be payable in accordance with the Indenture and the provisions of
this paragraph 9. The Company agrees that any amounts to be paid by the Company
hereunder with respect to any Note shall be paid without deduction or
withholding for any and all present and
<PAGE>

future withholding taxes, levies, imposts and charges whatsoever imposed by or
for the account of the Cayman Islands or any political subdivision or taxing
authority thereof or therein, or if deduction or withholding of any such taxes,
levies, imposts or charges shall at any time be required by the Cayman Islands
or any such subdivision or authority thereof or therein, the Company will
(subject to compliance by the Holder of such Note with any relevant
administrative requirements) pay such additional amounts ("Tax Additional
Amounts") in respect of principal amount, premiums (if any), Redemption Price,
and interest (if any), in accordance with the terms of the Notes and the
Indenture, as the case may be, in order that the amounts received by the Holder
of the Note, after such deduction or withholding, shall equal the respective
amounts of principal amount, premium (if any), Redemption Price, and interest
(if any), in accordance with the terms of the Notes and the Indenture, as
specified in such Notes to which such Holder is entitled; provided, however,
that the foregoing shall not apply to:

          (1) any such tax, levy, impost or charge which would not be payable or
     due but for the fact that (A) the Holder of a Note (or a fiduciary,
     settlor, beneficiary of, member or shareholder of, such Holder, if such
     Holder is an estate, trust, partnership or corporation) is a domiciliary,
     national or resident of, or engaging in business or maintaining a permanent
     establishment or being physically present in, the Cayman Islands or such
     political subdivision or otherwise having some present or former connection
     with the Cayman Islands other than the holding or ownership of such Note or
     the collection of principal amount, premium (if any), Redemption Price, and
     interest (if any), in accordance with the terms of the Note and the
     Indenture, or the enforcement of such Note or (B) where presentation is
     required, such Note was presented more than 30 days after the date such
     payment became due or was provided  for, whichever is later;

          (2) any estate, inheritance, gift, sales, transfer, excise, personal
     property or similar tax, levy, impost or charge;

          (3) any tax, levy, impost or charge which is payable otherwise than by
     withholding from payment of principal amount, premium (if any), Redemption
     Price, and interest (if any);

          (4) any tax, levy, impost or charge which would not have been imposed
     but for the failure to comply with certification, information,
     documentation or other reporting requirements concerning the nationality,
     residence, identity or connections with the relevant tax authority of the
     Holder or beneficial owner of such Note, if such compliance is required by
     statute or by regulation as a precondition to relief or exemption from such
     tax, levy, impost or charge; or

          (5) any combination of (1) through (4).

     nor shall any Tax Additional Amounts be paid to any Holder who is a
     fiduciary or partnership or other than the sole beneficial owner of such
     Note to the extent that a beneficiary or settlor with respect to such
     fiduciary, or a member of such partnership or a beneficial owner thereof,
     would not have been entitled to the payment of such Tax Additional Amounts
     had such beneficiary, settlor, member or beneficial owner been the Holder
     of the Note.
<PAGE>

        10. The Notes shall be in fully registered form without coupons in
denominations of $1,000 of principal amount thereof or any integral multiple
thereof.

        11.  Section 403 of the Indenture shall be applicable to the Notes.

        12. The Notes will initially be issued in permanent global form,
substantially in the form set forth in Exhibit E to the Officers' Certificate to
which this Exhibit is attached (the "Global Securities"), as a Book-Entry
Security. Each Global Security shall represent such of the Notes as shall be
specified therein and shall provide that it shall represent the aggregate amount
of Notes from time to time endorsed thereon and that the aggregate amount of
Notes represented thereby may from time to time be reduced to reflect exchanges
and redemptions. Any endorsement of a Note to reflect the amount, or any
increase or decrease in the amount, of Notes represented thereby shall be made
by the Trustee in accordance with written instructions or such other written
form of instructions as is customary for the Depositary, from the Depositary or
its nominee on behalf of any Person having the beneficial interest in the Global
Security.

        13. The Company initially appoints the Trustee to act as Paying Agent
with respect to the Notes.

        14. (i) Except as permitted by the following paragraphs (ii) and (iii),
each certificate evidencing the Notes shall bear a legend (the "Private
Placement Legend") substantially in the following form:

     THE SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE U.S.
     SECURITIES ACT OF 1933 (THE "SECURITIES ACT") AND MAY NOT BE OFFERED, SOLD,
     PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (1) TO A PERSON WHO THE SELLER
     REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING
     OF RULE 144A UNDER THE SECURITIES ACT PURCHASING FOR ITS OWN ACCOUNT OR FOR
     THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE
     REQUIREMENTS OF RULE 144A, (2) IN AN OFFSHORE TRANSACTION COMPLYING WITH
     RULE 903 OR 904 OF REGULATION S UNDER THE SECURITIES ACT, (3) PURSUANT TO
     AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE
     144 THEREUNDER (IF AVAILABLE) OR (4) PURSUANT TO AN EFFECTIVE REGISTRATION
     STATEMENT, IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE SECURITIES LAWS
     OF THE STATES OF THE UNITED STATES.

     In addition, each certificate evidencing Book-Entry Notes shall bear the
     legend set forth on the face of the Form of Note attached as Exhibit E to
     the Officers' Certificate to which this Exhibit is attached.

          (ii) Upon any sale or transfer of a Registrable Security (as defined
     in the Exchange and Registration Rights Agreement dated as of April 5, 2001
     (the "Registration Rights Agreement") between the Company and Goldman,
     Sachs & Co., as representatives of the several Purchasers named therein),
     including any Registrable Security in the form of a Book-Entry Security,
     pursuant to Rule 144 under the Securities Act of 1933, as amended (the
     "Securities Act"), or an effective registration statement under the
     Securities Act, which
<PAGE>

     shall be certified to the Trustee and Security Registrar upon which each
     may conclusively rely:

          (a)  in the case of any Registrable Security in definitive form, the
               Security Registrar shall permit the Holder thereof to exchange
               such Registrable Security for a Note in definitive form that does
               not bear the Private Placement Legend and rescind any restriction
               on the transfer of such Registrable Security; and

          (b)  in the case of any Registrable Security in the form of a Book-
               Entry Note, such Registrable Security shall not be required to
               bear the Private Placement Legend if all other interests in such
               Book-Entry Security have been or are concurrently being sold or
               transferred pursuant to Rule 144 under the Securities Act or
               pursuant to an effective registration statement under the
               Securities Act, but such Registrable Security shall continue to
               be subject to the provisions of Sections 204 and 305 of the
               Indenture and this paragraph 14.

          (iii)  Notwithstanding the foregoing, upon consummation of the
     Exchange Offer (as defined in the Registration Rights Agreement), the
     Company shall issue and, upon receipt of an authentication order in
     accordance with Section 303 of the Indenture, the Trustee shall
     authenticate Notes ("Exchange Notes") in exchange for Notes accepted for
     exchange in the Exchange Offer, which Exchange Notes shall not bear the
     Private Placement Legend, and the Security Registrar shall rescind any
     restriction on the transfer of such Exchange Notes, in each case unless the
     Holder of Notes accepted for exchange in the Registered Exchange Offer is
     either (A) a broker-dealer tendering Notes acquired directly from the
     Company, (B) a Person (as defined in the Indenture) participating in the
     Exchange Offer for purposes of distributing the Exchange Notes or (C) a
     Person who is an "affiliate" (as defined in Rule 144 under the Securities
     Act) of the Company.  The Company shall identify to the Trustee such
     Holders of the Notes in a written certification signed by an Officer of the
     Company and, absent certification from the Company to such effect, the
     Trustee shall assume that there are no such Holders.

        15. In addition to the requirements set forth in Section 305 of the
Indenture, Notes in definitive form that are Registrable Securities presented or
surrendered for registration of transfer or exchange pursuant to Section 305 of
the Indenture shall be accompanied, if the Company or the Trustee so request, by
certifications from the Holder (which certifications shall be based upon an
opinion of counsel if the Company or the Trustee so request) to the following
effect, upon which the Security Registrar may conclusively rely:

          (a)  such Registrable Securities are being delivered to the Security
               Registrar by a Holder for registration in the name of such
               Holder, without transfer; or

          (b)  such Registrable Securities are being transferred (1) to a
               "qualified institutional buyer" (as defined in Rule 144A under
               the Securities Act) in accordance with Rule 144A under the
               Securities Act or (2) pursuant to an exemption from registration
               in accordance with Rule 144 under the Securities Act or (3)
               pursuant to an effective registration statement under the
               Securities Act; or
<PAGE>

          (c)  such Registrable Securities are being transferred pursuant to an
               exemption from registration in accordance with Rule 904 of
               Regulation S under the Securities Act.

     The transfer and exchange of Book-Entry Notes or beneficial interests
     therein shall be effected through the Depositary, in accordance with
     Section 305 of the Indenture and the rules and procedures of the Depositary
     therefor, which shall include restrictions on transfer substantially
     comparable to those set forth therein and herein to the extent such
     restrictions are required by the Securities Act.
<PAGE>

                                                                       EXHIBIT E

                           [FORM OF GLOBAL SECURITY]

     UNLESS THIS CERTIFICATE 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 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.

     UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR THE INDIVIDUAL
SECURITIES REPRESENTED HEREBY, THIS GLOBAL 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.

                                  7.500% NOTE
                              DUE APRIL 15, 2031

                          TRANSOCEAN SEDCO FOREX INC.

Issue Date: April 5, 2001                               Maturity: April 15, 2031

Principal Amount:$______________                        CUSIP:__________________

Registered: No. R-

     Transocean Sedco Forex Inc., a Cayman Islands exempted company limited by
shares (herein called the "Company", which term includes any successor
corporation under the indenture hereinafter referred to), for value received,
hereby promises to pay to _____________________________, or registered assigns,
the principal sum of _________ ($_______) on April 15, 2031 and to pay interest
thereon and Tax Additional Amounts, if any, in immediately available funds as
specified on the other side of this Security.

                                       1
<PAGE>

     Payment of the principal of and interest and Tax Additional Amounts, if
any, on this Global Security will be made at the office or agency of the Company
maintained for that purpose in 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, payment of interest and Tax Additional Amounts, if any, may be made
by check mailed to the address of the Person entitled thereto as such address
shall appear in the Security Register or by wire transfer of immediately
available funds to the accounts designated to the Holder of this Security.

     Reference is hereby made to the further provisions of this Global 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.

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

     IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal.

Dated:

                                        TRANSOCEAN SEDCO FOREX INC.

                                        By:
                                           ----------------------------
                                        Name:
                                        Title:

Attest:

Assistant Secretary

                                       2
<PAGE>

                    TRUSTEE'S CERTIFICATE OF AUTHENTICATION

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

                                        THE CHASE MANHATTAN BANK,
                                        as Trustee

                                        -----------------------------
                                        Authorized Signature

                                       3
<PAGE>

                       [FORM OF REVERSE SIDE OF SECURITY]

                          TRANSOCEAN SEDCO FOREX INC.

                         7.500% NOTE DUE APRIL 15, 2031

     This Global Security is one of a duly authorized issue of senior securities
of the Company (herein called the "Global Securities"), issued and to be issued
in one or more series under an Indenture, dated as of April 15, 1997, as amended
by the First Supplemental Indenture thereto, dated as of April 15, 1997, the
Second Supplemental Indenture thereto, dated as of May 14, 1999 and the Third
Supplemental Indenture thereto, dated as of May 24, 2000 (as so amended, herein
called the "Indenture"), between the Company and The Chase Manhattan Bank, as
Trustee (herein called the "Trustee", which term includes any successor trustee
under the Indenture), or their respective predecessors, as applicable, 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 Securities and of
the terms upon which the Securities are, and are to be, authenticated and
delivered.  This Global Security is one of the series designated on the face
hereof, limited in aggregate principal amount to $600,000,000.

INTEREST

     The rate at which this Global Security shall bear interest shall be 7.500%
per annum.  The date from which interest shall accrue for this Global Security
shall be April 5, 2001.  The Interest Payment Dates on which interest on this
Global Security shall be payable are April 15 and October 15 of each year,
commencing on October 15, 2001.  The Regular Record Date for the interest
payable on this Global Security on any Interest Payment Date shall be the
April 1 or October 1, as the case may be, immediately preceding such interest
payment date.

     Interest on any Registered Security which is payable, and is punctually
paid or duly provided for, on any Interest Payment Date shall be paid to the
Person in whose name that Security (or one or more Predecessor Securities) is
registered at the close of business on the Regular Record Date for such
interest.

OPTIONAL REDEMPTION

     The Securities of this series may be redeemed at any time, at the option of
the Company, in whole or from time to time in part, on a date fixed by the
Company for such redemption (the "Redemption Date") and at a price (the
"Redemption Price") equal to the greater of:

                                       4
<PAGE>

     (a)  100 percent of the principal amount of the Securities being redeemed
          plus accrued interest to the Redemption Date, and

     (b)  the sum of the present values of the remaining scheduled payments of
          principal of and interest on the Securities being redeemed (assuming
          for this purpose that the Securities remained outstanding to
          maturity), discounted to the Redemption Date in accordance with
          standard market practice (on a semiannual compounding basis and
          assuming a 360-day year consisting of twelve 30-day months) at the
          Treasury Rate referred to below plus 35 basis points.

     The Treasury Dealer referred to below will determine the Redemption Price
and its determination will be final and binding, absent manifest error.

     For purposes of calculating the Redemption Price in connection with the
redemption of Securities of this series on any Redemption Date, the following
terms have the meanings set forth below:

     "Treasury Rate" means the semiannual equivalent yield to maturity of the
Treasury Security referred to below that corresponds to the Treasury Price
referred to below (calculated in accordance with standard market practice and
computed as of the second trading day preceding the Redemption Date).

     "Treasury Security" means the United States Treasury security that the
Treasury Dealer determines would be appropriate to use, at the time of
determination and in accordance with standard market practice, in pricing the
Securities being redeemed in a tender offer based on a spread to United States
Treasury yields.

     "Treasury Price" means the bid-side price for the Treasury Security as of
the third trading day preceding the Redemption Date, as set forth in the daily
statistical release (or any successor release) published by the Federal Reserve
Bank of New York on that trading day and designated "Composite 3:30 p.m.
Quotations for U.S. Government Securities," except that:

     (a)  if that release (or any successor release) is not published or does
          not contain that price information on that trading day, or

     (b)  if that price information is not reasonably reflective (as determined
          by the Treasury Dealer) of the actual bid-side price for the Treasury
          Security prevailing at 3:30 p.m. on that trading day,

then "Treasury Price" will instead mean the bid-side price for the Treasury
Security at or around 3:30 p.m., New York City time, on that trading day
(expressed on a next trading day settlement basis) as determined by the Treasury
Dealer through such alternative means as the Treasury Dealer considers to be
appropriate under the circumstances.

                                       5
<PAGE>

     "Treasury Dealer" means Goldman, Sachs & Co. (or its successor) or, if
Goldman, Sachs & Co. (or its successor) refuses to act as treasury dealer for
these purposes or ceases to be a primary U.S. Government securities dealer,
another nationally recognized investment banking firm that is a primary U.S.
Government securities dealer specified by the Company for these purposes.

     Notice of redemption will be mailed by first-class mail at least 30 days
but not more than 60 days before the Redemption Date to each Holder of
Securities to be redeemed at its registered address. Securities in denominations
larger than $1,000 Principal Amount may be redeemed in part, but only in whole
multiples of $1,000. On and after the Redemption Date, subject to the deposit
with the Paying Agent of funds sufficient to pay the Redemption Price, interest
ceases to accrue on Securities or portions thereof called for redemption.

     In the event of redemption of this Global Security in part only, a new
Global Security or Global Securities 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.

TAX ADDITIONAL AMOUNTS

     The Company agrees that any amounts to be paid by the Company hereunder
with respect to any Security shall be paid without deduction or withholding for
any and all present and future withholding taxes, levies, imposts and charges
whatsoever imposed by or for the account of the Cayman Islands or any political
subdivision or taxing authority thereof or therein, or if deduction or
withholding of any such taxes, levies, imposts or charges shall at any time be
required by the Cayman Islands or any such subdivision or authority thereof or
therein, the Company will (subject to compliance by the Holder of such Security
with any relevant administrative requirements) pay such additional amounts ("Tax
Additional Amounts") in respect of principal amount, premiums (if any),
Redemption Price and interest (if any), in accordance with the terms of the
Securities and the Indenture, as the case may be, in order that the amounts
received by the Holder of the Security, after such deduction or withholding,
shall equal the respective amounts of principal, premium (if any), Redemption
Price and interest (if any), in accordance with the terms of the Securities and
the Indenture, as specified in such Securities to which such Holder is entitled;
provided, however, that the foregoing shall not apply to:

          (1) any such tax, levy, impost or charge which would not be payable or
due but for the fact that (A) the Holder of a Security (or a fiduciary, settlor,
beneficiary of, member or shareholder of, such Holder, if such Holder is an
estate, trust, partnership or corporation) is a domiciliary, national or
resident of, or engaging in business or maintaining a permanent establishment or
being physically present in, the Cayman Islands or such political subdivision or
otherwise having some present or former connection with the Cayman Islands other
than the holding or ownership of such Security or the collection of the
respective amounts of principal, premium (if any), Redemption Price and interest
(if any), in accordance with the terms of the Security and the Indenture, or the
enforcement of such Security or (B) where presentation is required, such
Security was presented more than 30 days after the date such payment became due
or was provided  for, whichever is later;

                                       6
<PAGE>

          (2) any estate, inheritance, gift, sales, transfer, excise, personal
property or similar tax, levy, impost or charge;

          (3) any tax, levy, impost or charge which is payable otherwise than by
withholding from payment of the respective amounts of principal, premium (if
any), Redemption Price and interest (if any);

          (4) any tax, levy, impost or charge which would not have been imposed
but for the failure to comply with certification, information, documentation or
other reporting requirements concerning the nationality, residence, identity or
connections with the relevant tax authority of the Holder or beneficial owner of
such Security, if such compliance is required by statute or by regulation as a
precondition to relief or exemption from such tax, levy, impost or charge; or

          (5) any combination of (1) through (4);

nor shall any Tax Additional Amounts be paid to any Holder who is a fiduciary or
partnership or other than the sole beneficial owner of such Security to the
extent that a beneficiary or settlor with respect to such fiduciary, or a member
of such partnership or a beneficial owner thereof, would not have been entitled
to the payment of such Tax Additional Amounts had such beneficiary, settlor,
member or beneficial owner been the Holder of the Security.

TRANSFER

     As provided in the Indenture and subject to certain limitations therein set
forth, the transfer of this Global Security is registrable in the Security
Register, upon surrender of this Global Security for registration or transfer at
the office or agency in a Place of Payment for Securities of this series, duly
endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Company and the Security Registrar duly executed by, the
Holder hereof or his attorney duly authorized in writing, and thereupon one or
more new Securities of this series, of any authorized denominations and for the
same aggregate principal amount, executed by the Company and authenticated and
delivered by the Trustee, will be issued to the designated transferee or
transferees.

     The Securities of this series are issuable only in registered form without
coupons in denominations of $1,000 and any integral multiple thereof.  As
provided in the Indenture and subject to certain limitations set forth therein
and on the face of this Global Security, Securities of this series are
exchangeable for a like aggregate principal amount of Securities of this series
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.

                                       7
<PAGE>

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

AMENDMENT, SUPPLEMENT AND WAIVER; LIMITATION ON SUITS

     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 past defaults under the Indenture and their consequences. Any such
consent or waiver by the Holder of this Global Security shall be conclusive and
binding upon such Holder and upon all future Holders of this Global Security and
of any Global Security issued upon the registration of transfer hereof or in
exchange hereof or in lieu hereof, whether or not notation of such consent or
waiver is made upon this Global Security.

     Subject to the right of the Holder of any Securities of this series to
receive payment of the principal thereof (and premium, if any) and interest
thereon and any Tax Additional Amounts with respect thereto, no Holder of the
Securities of this series shall have any right to institute any proceeding,
judicial or otherwise, with respect to the Indenture, or for the appointment of
a receiver or trustee, or for any other remedy thereunder, unless

          (1) an Event of Default with respect to the Securities of this series
shall have occurred and be continuing and such Holder has previously given
written notice to the Trustee of such continuing Event of Default;

          (2) the Holders of not less than 25% in principal amount of the
Outstanding Securities of this series shall have made written request to the
Trustee to institute proceedings in respect of such Event of Default in its own
name as Trustee hereunder;

          (3) such Holder or Holders have offered to the Trustee reasonable
indemnity against the costs, expenses and liabilities to be incurred in
compliance with such request;

          (4) the Trustee for 60 days after its receipt of such notice, request
and offer of indemnity has failed to institute any such proceeding; and

          (5) no direction inconsistent with such written request has been given
to the Trustee during such 60-day period by the Holders of a majority in
principal amount of the Outstanding Securities of this series;

                                       8
<PAGE>

it being understood and intended that no one or more of such Holders shall have
any right in any manner whatever by virtue of, or by availing of, any provision
of the Indenture to affect, disturb or prejudice the rights of any other of such
Holders, or to obtain or to seek to obtain priority or preference over any other
of such Holders or to enforce any right under the Indenture, except in the
manner herein provided and for the equal and ratable benefit of all of such
Holders.

SUCCESSOR CORPORATION

     When a successor corporation assumes all the obligations of its predecessor
under the Securities and the Indenture in accordance with the terms and
conditions of the Indenture, the predecessor corporation will (except in certain
circumstances specified in the Indenture) be released from those obligations.

DEFAULTS AND REMEDIES

     If an Event of Default with respect to Securities of this series shall
occur and be continuing, all unpaid principal plus accrued interest through the
acceleration date of the Securities of this series may be declared due and
payable in the manner and with the effect provided in the Indenture.

DEFEASANCE

     The Indenture contains provisions for defeasance at any time of the entire
indebtedness of this Global Security or certain restrictive covenants and Events
of Default with respect to this Global Security, in each case upon compliance
with certain conditions set forth in the Indenture.

NO RECOURSE AGAINST OTHERS

     No recourse shall be had for the payment of the principal of or the
interest, if any, on this Global Security, for any claim based hereon, or
otherwise in respect hereof, or based on or in respect of the Indenture or any
indenture supplemental thereto, against any incorporator, shareholder, officer
or directory, as such, past, present or future, of the Company or of any
successor corporation, whether by virtue of any constitution, statute or rule of
law or by the enforcement of any assessment of penalty or otherwise, all such
liability being, by acceptance hereof and as part of the consideration for the
issue hereof, expressly waived and released.

INDENTURE TO CONTROL; GOVERNING LAW

     In the case of any conflict between the provisions of this Global Security
and the Indenture, the provisions of the Indenture shall control.

     THE INDENTURE AND THE SECURITIES SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

                                       9
<PAGE>

DEFINITIONS

     All terms defined in the Indenture and used in this Global Security but not
specifically defined herein are used herein as so defined.

                                      10CERTIFICATE OF DESIGNATION, PREFERENCES

                      AND RIGHTS OF 7% SERIES C CONVERTIBLE

                                 PREFERRED STOCK

                                       OF

                             MONSTERDAATA.COM, INC.

     MonsterDaata.com, Inc., a corporation organized and existing under the laws
of the State of Delaware (the "Company"), by its Chairman, does hereby certify
that, pursuant to authority conferred upon the Board of Directors by Article
Five of the Certificate of Incorporation of the Company, the Board of Directors
of the Company, by unanimous written consent, has duly adopted resolutions
providing for the issuance of up to 1,500,000 shares of 7% Series C Convertible
Preferred Stock at an issuance price of $10.00 per share (the "Original Purchase
Price") and setting forth the voting powers, designation, preferences and
relative, participating, optional and other special rights, and the
qualifications, limitations and restrictions thereof, which resolution is as
follows:

     RESOLVED, that pursuant to the authority vested in the Board of Directors
of the Company in accordance with the provisions of its Articles of
Incorporation, as amended, there be, and hereby is, created out of the class of
10,000,000 shares of preferred stock of the Company authorized by Article Four
of its Certificate of Incorporation, a series of preferred stock of the Company
with the following voting powers, designation, preferences and relative,
participating, optional and other special rights, and qualifications,
limitations and restrictions:

     1.   Designation and Number of Shares. 1,500,000 shares of preferred stock
(the "Shares") are hereby designated as 7%
Series C Convertible Preferred Stock (the "Series C Preferred Stock").

     2.   Liquidation.

          (a) Upon any liquidation, dissolution or winding up of the Company,
whether voluntary or involuntary ("Liquidation"), the holders of record of the
shares of the Series C Preferred Stock shall be entitled to receive, immediately
after any distributions required by the Company's Certificate of Incorporation
and any certificate(s) of designation, powers, preferences and rights in respect
of any securities of the

<PAGE>

Company having priority over the Series C Preferred
Stock with respect to the distribution of the assets of the Company upon
Liquidation, and before and in preference to any distribution or payment of
assets of the Company or the proceeds thereof may be made or set apart with
respect to any securities of the Company over which the Series C Preferred Stock
has priority with respect to the distribution of the assets of the Company upon
Liquidation ("Junior Securities"), an amount in cash with respect to each share
of Series C Preferred Stock held by such holders, equal to $20.00 per share
(subject to adjustment in the event of stock splits, combinations or similar
events) plus all accrued and unpaid dividends on such share as of the date of
Liquidation. If, upon such Liquidation, the assets of the Company available for
distribution to the holders of Series C Preferred Stock and any securities of
the Company having equal priority with the Series C Preferred Stock with respect
to the distribution of the assets of the Company upon Liquidation ("Parity
Securities") shall be insufficient to permit payment in full to the holders of
the Series C Preferred Stock and Parity Securities, then the entire assets and
funds of the Company legally available for distribution to such holders and the
holders of the Parity Securities then outstanding shall be distributed ratably
among the holders of the Series C Preferred Stock and Parity Securities based
upon the proportion the total amount distributable on each share upon
liquidation bears to the aggregate amount available for distribution on all
shares of the Series C Preferred Stock and of such Parity Securities, if any.

          (b) Upon the completion of the distributions required by subparagraph
(a) of this Paragraph 2, if assets remain in the Company, they shall be
distributed to holders of Junior Securities in accordance with the Company's
Certificate of Incorporation and any certificate(s) of designation, powers,
preferences and rights.

          (c) For purposes of this Paragraph 2, a merger or consolidation or a
sale of all or substantially all of the assets of the Company shall be
considered a Liquidation except in the event that in such a transaction, the
holders of the Series C Preferred Stock receive securities of the surviving
corporation having substantially similar rights as the Series C Preferred Stock.

     3.   Dividends.

          (a) Subject to the rights of any other series of Preferred Stock that
may from time to time come into existence, the holders of shares of Series C
Preferred Stock shall be entitled to receive, out of any assets legally
available therefor, annual cumulative dividends on each share of Series C
Preferred Stock equal to 7% of the Original Purchase Price, which dividends
shall be payable in cash or additional shares of Series C Preferred Stock
(valued as determined below) as determined by the Board of Directors of the
Company in its sole discretion. The first such dividend shall be paid on
December 15, 2001. The amount of such initial dividend, and any other dividend
payable on the Series C Preferred Stock for any partial dividend period, shall
be computed on the basis of a 360-day year consisting of twelve 30-day months.
Dividends will be payable to holders of record as they appear in the stockholder
records of the Company at the close of business on the applicable record date,
which shall be the 15th day of December of each year (the "Dividend Payment
Date") or on such other date designated by the Board of Directors for the
payment of dividends that is not more than 30 nor less than 10 days prior to the
Dividend Payment Date. With respect to any given year, no dividends (other than
a dividend payable solely in Common Stock, par value $.01 per share, of the
Company ("Common Stock")) shall be paid upon, or declared and set apart for, any
shares of Common Stock or any other securities of the Company over which the
Series C Preferred Stock has priority with respect to the payment of dividends
if the Board of Directors of the Company shall have failed duly and lawfully to
declare and pay in full a cash dividend to the holders of Series C Preferred
Stock with respect to such year in the amount described above. If such dividends
on the Series C Preferred Stock shall not have been paid or set apart in full
for the Series C Preferred Stock, the aggregate deficiency shall be cumulative
and shall be fully paid or set apart for payment prior to the payment of any
dividend by the Company (other than a dividend payable solely in Common Stock)
with respect to Common Stock or any other securities of the Company over which
the Series C Preferred Stock has priority with respect to the payment of
dividends. Accumulations of dividends on the Series C Preferred Stock shall not
bear interest.

                                      -2-

<PAGE>

For purposes of the first sentence of this Section 3 only, shares
of Series C Preferred Stock issued as dividends shall be valued at the greater
of the Original Purchase Price and the aggregate current market value (as
determined pursuant to Section 3(b)) of the Common Stock into which such shares
are convertible as of the date of declaration of the dividend in question.

          (b) For the purpose of any computation pursuant to Section 3(a), the
current market price per share of Common Stock at any date shall be deemed to be
the average of the daily closing prices for the 15 consecutive business days
prior to the day in question. The closing price for each day shall be the last
sales price or in case no sale takes place on such day, the average of the
closing high bid and low asked prices, in either case (i) as officially quoted
by the Nasdaq SmallCap Market or the Nasdaq National Market or such other market
on which the Common Stock is then listed for trading, or (ii) if, in the
reasonable judgment of the Board of Directors of the Company, the Nasdaq
SmallCap Market or the Nasdaq National Market is no longer the principal United
States market for the Common Stock, then as quoted on the principal United
States market for the Common Stock, as reasonably determined by the Board of
Directors of the Company, or (iii) if, in the reasonable judgment of the Board
of Directors of the Company, there exists no principal United States market for
the Common Stock, then as reasonably determined by the Board of Directors of the
Company.

     4.   Conversion Rights Each holder of record of shares of the Series C
Preferred Stock shall have the right to convert all or any part of such holder's
share of Series C Preferred Stock into Common Stock as follows:

          (a) Optional Conversion. Subject to and upon compliance with the
provisions of this Section 4, the holder of any shares of Series C Preferred
Stock shall have the right at such holder's option, at any time or from time to
time, to convert any of such shares of Series C Preferred Stock into fully paid
and nonassessable shares of Common Stock determined by dividing (A) the
aggregate Original Purchase Price of such shares of Series C Preferred Stock by
(B) the Conversion Price (as defined in Section (4)(c) below) in effect on the
Conversion Date (as defined in Section 4(d) below) upon the terms hereinafter
set forth.

          (b) Automatic Conversion. Each outstanding share of Series C Preferred
Stock shall automatically be converted, without any further act of the Company
or its stockholders, into fully paid and nonassessable shares of Common Stock at
the Conversion Price then in effect upon: (i) the closing of a public offering
of the Common Stock raising gross proceeds in excess of $20 million at an
issuance price in excess of $2.00 for each share of Common Stock, (ii) the
completion of a private placement of Common Stock raising gross proceeds in
excess of $20 million at an issuance price in excess of $2.00 for each share of
Common Stock (each, a "Qualified Offering"), or (iii) the conclusion of the
twentieth consecutive trading day with respect to which the closing bid price
for the Common Stock on a national securities exchange on which the Common Stock
is traded (including, without limitation, the Nasdaq National Market and the
Nasdaq Small Cap Market) was at least $2.00 per share; provided further,
however, that (A) the issuance of any Common Stock pursuant to this Section
4(b)(iii) is registered under the Securities Act of 1933, as amended and (B)
such Common Stock is not subject to any "lock-up" agreement restricting the
resale thereof.

                                      -3-
<PAGE>

          (c) Conversion Price. Each share of the Series C Preferred Stock shall
be convertible into that number of fully paid and non-assessable shares of
Common Stock of the Company equal to the Original Purchase Price divided by the
conversion price in effect at the time of conversion (the "Conversion Price"),
determined as hereinafter provided. The Conversion Price shall initially be
$0.25 per share; provided, however, that in the event that the Company's total
revenues for the four quarters immediately following the quarter in which the
initial closing of the Company's private placement of units comprised of Series
C Preferred Stock and Common Stock warrants (the "Private Placement") occurs are
below $4 million, the Conversion Price will be adjusted to equal the lower of
(a) the average closing market price of the Company's Common Stock for the 15
consecutive trading days immediately prior and the 15 consecutive trading days
immediately following the date on which the Company's financial results for the
final of such quarters are publicly announced by the Company, or (b) the
Conversion Price otherwise then in effect (before giving effect to the
application of this provision); provided further, however, that in no case will
such adjustment result in the Company being valued for an amount less than the
aggregate issue price of the securities issued by the Company in the Private
Placement. The number of shares of Common Stock into which each share of
Preferred Stock is convertible is herein referred to as the "Conversion Rate."

          (d) Mechanics of Conversion. Before any holder of Series C Preferred
Stock shall be entitled to convert the same into shares of Common Stock, such
holder shall surrender the certificate or certificates therefor, duly endorsed,
at the office of the Company or of any transfer agent for the Series C Preferred
Stock, and shall give written notice to the Company at its principal corporate
office, of the election to convert the same and shall state therein the name or
names in which the certificate or certificates for shares of Common Stock are to
be issued. The Company shall, as soon as practicable thereafter, issue and
deliver at such office to such holder of Series C Preferred Stock, or to the
nominee or nominees of such holder, a certificate or certificates for the number
of shares of Common Stock to which such holder shall be entitled as aforesaid.
Conversion shall be deemed to have been effected on the date when delivery of
notice of an election to convert and certificates for shares is made or on the
date of the occurrence of the event specified in Section 4(b) as the case may
be, and such date is referred to herein as the "Conversion Date." All Common
Stock which may be issued upon conversion of the Series C Preferred Stock will,
upon issuance, be duly issued, fully paid and non-assessable and free from all
taxes, liens, and charges with respect to the issuance thereof. At all times
that any shares of Series C Preferred Stock are outstanding, the Company shall
have authorized and shall have reserved for the purpose of issuance upon such
conversion into Common Stock of all Series C Preferred Stock, a sufficient
number of shares of Common Stock to provide for the conversion of all
outstanding shares of Series C Preferred Stock at the then effective Conversion
Rate. Without limiting the generality of the foregoing, if, at any time, the
Conversion Price is decreased, the number of shares of Common Stock authorized
and reserved for issuance upon the conversion of the Series C Preferred Stock
shall be proportionately increased.

          (e) Conversion Price Adjustments. The Conversion Price shall be
subject to the adjustment provisions of Section 6
below.

     5. Ranking. Series C Preferred Stock shall, with respect to distribution
rights upon the Liquidation of the Company and dividend rights, rank senior to
the Common Stock, the Series A Convertible Preferred Stock, par value $.01 per
share, of the Company, the Series B

                                      -4-
<PAGE>

Convertible Preferred Stock, par value $.01 per share, of the Company and
all other preferred stock of the Company, except such preferred stock of the
Company the terms of which expressly provide that such preferred stock will rank
senior to or on a parity with Series C Preferred Stock. Without the consent of
holders of at least 50% of the then outstanding shares of Series C Preferred
Stock the Company shall not create, authorize or issue any other series of
preferred stock which rank senior to or pari passu with the Series C Preferred
Stock.

     6. Anti-Dilution Provisions. The Conversion Price in effect at any time and
the number and kind of securities issuable upon the conversion of the Series C
Preferred Stock shall be subject to adjustment from time to time upon the
happening of certain events as follows:

          (a) Consolidation, Merger or Sale. If any consolidation or merger of
the Company with another person, or the sale, transfer or lease of all or
substantially all of its assets to another person shall be effected in such a
way that holders of shares of Common Stock shall be entitled to receive stock,
securities or assets with respect to or in exchange for their shares of Common
Stock, then provision shall be made, in accordance with this Section 6(a),
whereby each holder of shares of Series C Preferred Stock shall thereafter have
the right to receive such securities or assets as would have been issued or
payable with respect to or in exchange for the shares of Common Stock into which
the shares of Series C Preferred Stock held by such holder were convertible
immediately prior to the closing of such merger, sale, transfer or lease, as
applicable. The Company will not effect any such consolidation, merger, sale,
transfer or lease unless prior to the consummation thereof the successor entity
(if other than the Company) resulting from such consolidation or merger or the
entity purchasing or leasing such assets shall assume by written instrument (i)
the obligation to deliver to the holders of Series C Preferred Stock such
securities or assets as, in accordance with the foregoing provisions, such
holders may be entitled to purchase, and (ii) all other obligations of the
Company hereunder. The provisions of this Section 6(a) shall similarly apply to
successive mergers, sales, transfers or leases.

          (b) Common Stock Dividends, Subdivisions, Combinations, etc. In case
the Company shall hereafter (i) declare a dividend or make a distribution on its
outstanding shares of Common Stock in shares of Common Stock, (ii) subdivide or
reclassify its outstanding shares of Common Stock into a greater number of
shares, or (iii) combine or reclassify its outstanding shares of Common Stock
into a smaller number of shares, the Conversion Price in effect at the time of
the record date for such dividend or distribution or of the effective date of
such subdivision, combination or reclassification shall be adjusted so that it
shall equal the price determined by multiplying the Conversion Price by a
fraction, the denominator of which shall be the number of shares of Common Stock
outstanding after giving effect to such action, and the numerator of which shall
be the number of shares of Common Stock outstanding immediately prior to such
action. Such adjustment shall be made successively whenever any event listed
above shall occur.

          (c) Discounted Warrants or Rights.

             (i) In case the Company shall fix a record date for the issuance of
     rights or warrants to all holders of its Common Stock entitling them to
     subscribe for or purchase shares of Common Stock (or securities convertible
     into Common Stock) at a price (the "Subscription Price") (or having a
     conversion price per share) less than the

                                      -5-
<PAGE>

     current market price on such record date, the Conversion Price
     shall be adjusted so that the same shall equal the price determined by
     multiplying the Conversion Price in effect immediately prior to the date of
     such issuance by a fraction, the numerator of which shall be the sum of the
     number of shares of Common Stock outstanding immediately prior to the
     issuance of such rights or warrants and the number of shares of Common
     Stock which the aggregate consideration to be received in respect of such
     rights or warrants (including without limitation, consideration to be
     received upon the issuance and/or exercise of such rights or warrants)
     would purchase at such current market price per share of the Common Stock,
     and the denominator of which shall be the sum of the number of shares of
     Common Stock outstanding immediately prior to such issuance and the number
     of shares of Common Stock of the Company deliverable upon the exercise of
     such rights or warrants at the initial exercise price or rate.

             (ii) Notwithstanding the provisions of Section 6(c)(i), in case the
     Company shall fix a record date for the issuance of rights or warrants to
     all holders of its Common Stock entitling them to subscribe for or purchase
     shares of Common Stock (or securities convertible into Common Stock) at a
     Subscription Price (or having a conversion price per share) less than the
     Conversion Price as of such record date, the Conversion Price shall be
     adjusted so that the same shall equal such Subscription Price.

             (iii) Adjustments to the Conversion Price pursuant to this Section
     6(c) shall be made successively whenever rights or warrants of the type
     described in this Section 6(c) are issued and shall become effective
     immediately after the record date for the determination of shareholders
     entitled to receive such rights or warrants; and to the extent that shares
     of Common Stock are not delivered (or securities convertible into Common
     Stock are not delivered) after the expiration of rights or warrants in
     respect of which an adjustment to the Conversion Price was made pursuant to
     Section 6(c)(i), the Conversion Price shall be readjusted to the Conversion
     Price which would then be in effect had the adjustments made upon the
     issuance of such rights or warrants been made upon the basis of delivery of
     only the number of shares of Common Stock (or securities convertible into
     Common Stock) actually delivered.

          (d) Distributions of Certain Assets. In case the Company shall
hereafter distribute to the holders of its Common Stock evidences of its
indebtedness or assets (excluding cash dividends or distributions and dividends
or distributions referred to in Section 6(b) above) or subscription rights or
warrants (excluding those referred to in Section 6(c) above), then in each such
case the Conversion Price in effect thereafter shall be determined by
multiplying the Conversion Price in effect immediately prior thereto by a
fraction, the numerator of which shall be the total number of shares of Common
Stock outstanding multiplied by the current market price per share of Common
Stock, less the fair market value (as determined by the Company's Board of
Directors) of said assets or evidences of indebtedness so distributed or of such
rights or warrants, and the denominator of which shall be the total number of
shares of Common Stock outstanding multiplied by such current market price per
share of Common Stock. Such adjustment shall be made successively whenever such
a record date is fixed. Such adjustment shall be made whenever any such
distribution is made and shall become effective immediately after the record
date for the determination of shareholders entitled to receive such
distribution.

                                      -6-
<PAGE>

          (e) Discounted Common Stock.

             (i) Subject to Section 6(e)(iv), in case the Company shall
     hereafter issue shares of its Common Stock for a consideration per share
     (the "Offering Price") less than the current market price, the Conversion
     Price shall be adjusted immediately thereafter so that it shall equal the
     price determined by multiplying the Conversion Price in effect immediately
     prior thereto by a fraction, the numerator of which shall be the sum of the
     number of shares of Common Stock outstanding immediately prior to the
     issuance of such additional shares and the number of shares of Common Stock
     which the aggregate consideration received for the issuance of such
     additional shares would purchase at such current market price per share of
     Common Stock, and the denominator of which shall be the number of shares of
     Common Stock outstanding immediately after the issuance of such additional
     shares.

             (ii) Notwithstanding the provisions of Section 6(e)(i), subject to
     Section 6(e)(iv), in case the Company shall hereafter issue shares of its
     Common Stock for an Offering Price less than the then applicable Conversion
     Price, the Conversion Price shall be adjusted immediately thereafter so
     that it shall equal such Offering Price.

             (iii) Adjustments to the Conversion Price pursuant to this Section
     6(e) shall be made successively whenever an issuance of shares triggering
     such an adjustment is made.

             (iv) Notwithstanding anything to the contrary in this Section 6(e),
     no adjustment to the Conversion Price shall be made pursuant to this
     Section 6(e) in the case of shares issued (A) in any of the transactions
     described in Section 6(b) above, (B) upon exercise of options granted to
     the Company's officers, directors, employees and consultants under a plan
     or plans adopted by the Company's Board of Directors and approved by its
     shareholders, if such shares would otherwise be included in this Section
     6(e), (but only to the extent that the aggregate number of shares excluded
     hereby and issued after the date hereof, shall not exceed 15% of the
     Company's Common Stock outstanding, on a fully diluted basis, at the time
     of any issuance), (C) upon exercise of options, warrants, convertible
     securities and convertible debentures outstanding as of the final closing
     of the Private Placement, a Qualified Offering, (D) in respect of the
     conversion of the Shares, (E) to shareholders of any corporation which
     merges into the Company in proportion to their stock holdings of such
     corporation immediately prior to such merger, upon such merger, (F) issued
     in a private placement through Commonwealth Associates, L.P., as placement
     agent, or upon exercise or conversion of any securities issued in or in
     connection with such a private placement (including agent, consulting or
     advisory warrants), (G) issued in a private placement with respect to which
     less than 1000 shares are issued or where the Offering Price (as defined
     below) is at least 90% of the current market price, (H) issued in a bona
     fide public offering pursuant to a firm commitment underwriting, or (I)
     issued in connection with an acquisition of a business or technology which
     has been approved by a majority of the Company's outside directors but only
     if no adjustment is required pursuant to any other specific subsection of
     this Section 6 (without regard to Section 6(i) below) with respect to the
     transaction giving rise to such rights.

                                      -7-

<PAGE>

          (f) Discounted Convertible Stock.

             (i) Subject to Section 6(f)(iv), in case the Company shall
     hereafter issue any securities convertible into or exchangeable for its
     Common Stock for a consideration per share of Common Stock (the "Exchange
     Price") initially deliverable upon conversion or exchange of such
     securities (determined as provided in Section 6 (h) below) less than the
     current market price, the Conversion Price shall be adjusted immediately
     thereafter so that it shall equal the price determined by multiplying the
     Conversion Price in effect immediately prior thereto by a fraction, the
     numerator of which shall be the sum of the number of shares of Common Stock
     outstanding immediately prior to the issuance of such securities and the
     number of shares of Common Stock which the aggregate consideration received
     for such securities would purchase at such current market price per share
     of Common Stock, and the denominator of which shall be the sum of the
     number of shares of Common Stock outstanding immediately prior to such
     issuance and the maximum number of shares of Common Stock of the Company
     deliverable upon conversion of or in exchange for such securities at the
     initial conversion or exchange price or rate.

             (ii) Notwithstanding the provisions of Section 6(f)(i), subject to
     Section 6(f)(iv), in case the Company shall hereafter issue any securities
     convertible into or exchangeable for its Common Stock for an Exchange Price
     initially deliverable upon conversion or exchange of such securities
     (determined as provided in Section 6(h) below) less than the then
     applicable Conversion Price, the Conversion Price shall be adjusted
     immediately thereafter so that it shall equal such Exchange Price.

             (iii) Adjustments to the Conversion Price pursuant to this Section
     6(f) shall be made successively whenever an issuance of shares triggering
     such an adjustment is made.

             (iv) Notwithstanding anything to the contrary in this Section 6(f),
     no adjustment to the Conversion Price shall be made pursuant to this
     Section 6(f) in the case of securities issued in transactions described in
     Sections 6(c), 6(d) and 6(e)(iv)(A) through (H) above (with any reference
     in Sections 6(e)(iv)(A) through (H) to price or quantity of shares issued
     being understood, for purposes of this Section 6(f)(iv), to refer to the
     aggregate price or quantity, as applicable, of the shares of Common Stock
     into which such securities are convertible or exchangeable).

          (g) Adjustment of Conversion Shares. Whenever the Conversion Price is
adjusted pursuant to Sections 6(b), (c), (d), (e) and (f) above and (k) below,
the number of Conversion Shares issuable upon conversion of the Series C
Preferred Stock shall simultaneously be adjusted by multiplying the number of
Conversion Shares initially issuable upon conversion of the Series C Preferred
Stock by the Conversion Price in effect on the date hereof and dividing the
product so obtained by the Conversion Price, as adjusted.

          (h) Computation of Certain Consideration. For purposes of any
computation respecting consideration received pursuant to Sections 6(e) and (f)
above, the following shall apply:

                                      -8-

<PAGE>

             (i) in the case of the issuance of shares of Common Stock for cash,
     the consideration shall be the amount of such cash, provided that in no
     case shall any deduction be made for any commissions, discounts or other
     expenses incurred by the Company for any underwriting of the issue or
     otherwise in connection therewith;

             (ii) in the case of the issuance of shares of Common Stock for a
     consideration in whole or in part other than cash, the consideration other
     than cash shall be deemed to be the fair market value thereof as determined
     in good faith by the Board of Directors of the Company (irrespective of the
     accounting treatment thereof), whose determination shall be conclusive; and

             (iii) in the case of the issuance of securities convertible into or
     exchangeable for shares of Common Stock, the aggregate consideration
     received therefor shall be deemed to be the consideration received by the
     Company for the issuance of such securities plus the additional minimum
     consideration, if any, to be received by the Company upon the conversion or
     exchange thereof (the consideration in each case to be determined in the
     same manner as provided in clauses (i) and (ii) of this Section 6(h)).

          (i) Computation of Market Price. For the purpose of any computation
under Sections 6 (c), (d), (e) and (f) above, the current market price per share
of Common Stock at any date shall be deemed to be the average of the daily
closing prices for the 30 consecutive business days prior to the day in
question. The closing price for each day shall be the last sales price or in
case no sale takes place on such day, the average of the closing high bid and
low asked prices, in either case (i) as officially quoted by the Nasdaq SmallCap
Market or the Nasdaq National Market or such other market on which the Common
Stock is then listed for trading, or (ii) if, in the reasonable judgment of the
Board of Directors of the Company, the Nasdaq SmallCap Market or the Nasdaq
National Market is no longer the principal United States market for the Common
Stock, then as quoted on the principal United States market for the Common
Stock, as reasonably determined by the Board of Directors of the Company, or
(iii) if, in the reasonable judgment of the Board of Directors of the Company,
there exists no principal United States market for the Common Stock, then as
reasonably determined by the Board of Directors of the Company.

          (j) Notice of Adjustment. Whenever the Conversion Price is adjusted,
as herein provided, the Company shall promptly but no later than 10 days after
any request for such an adjustment by the Holder, cause a notice setting forth
the adjusted Conversion Price and adjusted number of Conversion Shares issuable
upon exercise of each share of Series C Preferred Stock, and, if requested,
information describing the transactions giving rise to such adjustments, to be
mailed to the Holders at their last addresses appearing in the Share Register,
and shall cause a certified copy thereof to be mailed to its transfer agent, if
any. The Company may retain a firm of independent certified public accountants
selected by the Board of Directors (who may be the regular accountants employed
by the Company) to make any computation required by this Section 6, and a
certificate signed by such firm shall be conclusive evidence of the correctness
of such adjustment.

          (k) Receipt of Securities Other than Common Stock. In the event that
at any time, as a result of an adjustment made pursuant to Section 6(b) above,

                                      -9-

<PAGE>

the Holders of the Series C Preferred Stock thereafter shall become entitled to
receive any shares of the Company, other than Common Stock, thereafter the
number of such other shares so receivable upon conversion of the Series C
Preferred Stock shall be subject to adjustment from time to time in a manner and
on terms as nearly equivalent as practicable to the provisions with respect to
the Common Stock contained in Sections 6(a) to (h), inclusive above.

     7.   Voting Rights.

          (a) In addition to any other rights provided for herein or by law, the
holders of Series C Preferred Stock shall be entitled to vote, together with the
holders of Common Stock as one class, on all matters as to which holders of
Common Stock shall be entitled to vote, in the same manner and with the same
effect as such Common Stock holders, except as otherwise required by law. In any
such vote each share of Series C Preferred Stock shall entitle the holder
thereof to the number of votes per share that equals the number of whole shares
of Common Stock into which each such share of Series C Preferred Stock is then
convertible.

          (b) In the event that the holders of the Series C Preferred Stock are
required to vote as a class, the affirmative vote of holders of not less than
two-thirds of the outstanding shares of Series A Preferred Stock shall be
required to approve each such matter to be voted upon and if any matter is
approved by such requisite percentage of holders of Series C Preferred Stock,
such matter shall bind all holders of Series C Preferred Stock.

          (c) Each share of the Series C Preferred Stock shall entitle the
holder thereof to one vote on all matters to be voted on by the holders of the
Series C Preferred Stock, as set forth above.

     8.   Covenants of Company The Company covenants and agrees that, so long as
the Shares are outstanding, it will perform the obligations set forth in this
Section 8:

          (a) Taxes and Levies. The Company will promptly pay and discharge all
taxes, assessments, and governmental charges or levies imposed upon the Company
or upon its income and profits, or upon any of its property, before the same
shall become delinquent, as well as all claims for labor, materials and supplies
which, if unpaid, might become a lien or charge upon such properties or any part
thereof; provided, however, that the Company shall not be required to pay and
discharge any such tax, assessment, charge, levy or claim so long as the
validity thereof shall be contested in good faith by appropriate proceedings and
the Company shall set aside on its books adequate reserves in accordance with
generally accepted accounting principles ("GAAP") with respect to any such tax,
assessment, charge, levy or claim so contested;

          (b) Maintenance of Existence. The Company will do or cause to be done
all things reasonably necessary to preserve and keep in full force and effect
its corporate existence, rights and franchises and comply with all laws
applicable to the Company, except where the failure to comply would not have a
material adverse effect on the Company;

          (c) Maintenance of Property. The Company will at all times maintain,
preserve, protect and keep its property used or useful in the conduct of its
business in good repair, working order and condition, and from time to time make

                                      -10-
<PAGE>

all needful and proper repairs, renewals, replacements and improvements thereto
as shall be reasonably required in the conduct of its business;

          (d) Insurance. The Company will, to the extent necessary for the
operation of its business, keep adequately insured by financially sound
reputable insurers, all property of a character usually insured by similar
corporations and carry such other insurance as is usually carried by similar
corporations;

          (e) Books and Records. The Company will at all times keep true and
correct books, records and accounts reflecting all of its business affairs and
transactions in accordance with GAAP; and

          (f) Notice of Certain Events. The Company will give prompt written
notice (with a description in reasonable detail) to
Commonwealth Associates, L.P. in the event the Company shall:

             (i) become insolvent or generally fail or be unable to pay, or
     admit in writing its inability to pay, its debts as they become due;

             (ii) apply for, consent to, or acquiesce in, the appointment of a
     trustee, receiver, sequestrator or other custodian for the Company or any
     of its property, or make a general assignment for the benefit of creditors;

             (iii) in the absence of such application, consent or acquiesce in,
     permit or suffer to exist the appointment of a trustee, receiver,
     sequestrator or other custodian for the Company or for any part of its
     property; or

             (iv) permit or suffer to exist the commencement of any bankruptcy,
     reorganization, debt arrangement or other case or proceeding under any
     bankruptcy or insolvency law, or any dissolution, winding up or liquidation
     proceeding, in respect of the Company, and, if such case or proceeding is
     not commenced by the Company or converted to a voluntary case, such case or
     proceeding shall be consented to or acquiesced in by the Company or shall
     result in the entry of an order for relief.

     9.   Reservation of Shares. The Company shall at all times reserve and keep
available and free of preemptive rights out of its authorized but unissued
Common Stock, solely for the purpose of effecting the conversion of the Series C
Preferred Stock pursuant to the terms hereof, such number of its shares of
Common Stock (or other shares or other securities as may be required) as shall
from time to time be sufficient to effect the conversion of all outstanding
Series C Preferred Stock pursuant to the terms hereof. If at any time the number
of authorized but unissued shares of Common Stock (or such other shares or other
securities) shall not be sufficient to affect the conversion of all then
outstanding Series C Preferred Stock, the Corporation shall promptly take such
action as may be necessary to increase its authorized but unissued Common Stock
(or other shares or other securities) to such number of shares as shall be
sufficient for such purpose.

                                      -11-
<PAGE>

     10.  Miscellaneous.

          (a) There is no sinking fund with respect to the Series C Preferred
Stock.

          (b) The shares of the Series C Preferred Stock shall not have any
preferences, voting powers or relative, participating, optional, preemptive or
other special rights except as set forth above in this Certificate of
Designation, Preferences and Rights and in the Certificate of Incorporation of
the Company.

          (c) The holders of the Series C Preferred Stock shall be entitled to
receive all communications sent by the Company to the holders of the Common
Stock.

          IN WITNESS WHEREOF, MonsterDaata.com, Inc. has caused this Certificate
to be signed by its Chairman, on this 5th day of December 2000, and such person
hereby affirms under penalty of perjury that this Certificate is the act and
deed of MonsterDaata.com, Inc. and that the facts stated herein are true and
correct.

                                               MONSTERDAATA.COM, INC.

                                               By:/s/ Harold S. Blue
                                                  ------------------------
                                                  Harold S. Blue, Chairman

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