Document:

exv10w13

Exhibit 10.13

FORM OF

2008 EQUITY OWNERSHIP AND LONG TERM CASH INCENTIVE PLAN

OF

ENEXUS ENERGY CORPORATION AND SUBSIDIARIES

ARTICLE I

PURPOSE

The purposes of this 2008 Enexus Ownership and Long Term Cash Incentive Plan of Enexus Energy
Corporation and Subsidiaries are to promote the interests of Enexus (as defined in Section 2.12)
and its shareholders by (i) attracting and retaining executive personnel and other key employees
and directors of outstanding ability; (ii) motivating executive personnel and other key employees
and directors by means of performance-related incentives, to achieve longer-range performance
goals; and (iii) enabling such individuals to participate in the long-term growth and financial
success of Enexus. In addition, the Plan permits the issuance of long-term incentive awards in
partial substitution of long-term incentive awards that covered shares of the common stock of
Entergy Corporation immediately prior to the spin-off of Enexus by Entergy Corporation.

ARTICLE II

DEFINITIONS

The following words and phrases shall have the respective meanings under the Plan as hereinafter
set forth unless the context clearly requires a different meaning:

	2.1	 	“Award” shall mean the beneficial interest in or right to any Option, Restricted Share,
Equity Award, Other Stock-Based Award or Performance Award granted from time to time under the
Plan by the Committee, subject to such restrictions, terms and conditions as the Committee may
determine.
	 
	2.2	 	“Board” shall mean the Board of Directors of Enexus.
	 
	2.3	 	“Cause” shall mean (a) the continued failure of a Participant to perform substantially all of
his or her duties (other than any such failure resulting from incapacity due to physical or
mental illness); (b) the willful engaging by a Participant in gross misconduct that is
materially and demonstrably injurious to Enexus; or (c) the conviction of, or plea of guilty
or nolo contendere to, a felony or other crime which has or may have a material adverse affect
on a Participant’s ability to carry out the Participant’s duties or upon the reputation of any
System Company.
	 
	2.4	 	“Change in Control” shall mean:

	 	(a)	 	the purchase or other acquisition by any person, entity or group of
persons, acting in concert within the meaning of Sections 13(d) or 14(d) of the
Securities Exchange Act of 1934 (“Act”), or any comparable successor provisions, of
beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Act) of
25 percent or more of either the shares of common stock outstanding immediately
following such acquisition or the combined voting power of Enexus Energy
Corporation’s voting securities entitled to vote generally and outstanding
immediately following such acquisition, other than any such purchase or acquisition
in connection with a Non-CIC Merger (defined in subsection (b) below);
	 
	 	(b)	 	the consummation of a merger or consolidation of Enexus Energy
Corporation, or any direct or indirect subsidiary of Enexus Energy Corporation with
any other corporation, other than a Non-CIC Merger, which shall mean a merger or
consolidation immediately following which the individuals who comprise the Board
immediately prior thereto constitute at least a majority of the Board, or the
board of directors of the entity surviving such merger or consolidation, or the board
of directors of any parent thereof;

 

 

	 	(c)	 	the stockholders of Enexus Energy Corporation approve a plan of complete
liquidation or dissolution of Enexus Energy Corporation or there is consummated an
agreement for the sale or disposition by Enexus Energy Corporation of all or
substantially all of Enexus Energy Corporation’s assets; or
	 
	 	(d)	 	any change in the composition of the Board such that individuals who on
the Effective Date constitute the Board and any new director (other than a director
whose initial assumption of office is in connection with an actual or threatened
election contest, including but not limited to a consent solicitation, relating to
the election of directors of Enexus Energy Corporation) whose appointment or
election by the Board or nomination for election by Enexus Energy Corporation’s
stockholders was approved or recommended by a vote of at least two-thirds (2/3) of
the directors then still in office who either were directors on such Effective Date
or whose appointment, election or nomination for election was previously so approved
or recommended, cease for any reason to constitute at least a majority thereof.

Provided, however, that no Change in Control shall be deemed to occur by virtue of the
Separation or solely by virtue of (i) the insolvency or bankruptcy of Enexus Energy
Corporation; or (ii) the transfer of assets of Enexus Energy Corporation to an affiliate
of Enexus Energy Corporation, provided such affiliate assumes the obligations of the Plan
and agrees to continue uninterrupted the rights of the Participants under the Plan; or
(iii) the consummation of any transaction or series of integrated transactions
immediately following which the record holders of the common stock of Enexus Energy
Corporation immediately prior to such transaction or series of transactions continue to
have substantially the same proportionate ownership in an entity which owns all or
substantially all of the assets of Enexus Energy Corporation immediately following such
transaction or series of transactions.

	2.5	 	“Change in Control Period” shall mean the period commencing on and ending twenty-four (24)
calendar months following the date of a Change in Control.
	 
	2.6	 	“Code” shall mean the Internal Revenue Code of 1986, as amended. Reference in the Plan to
any section of the Code shall be deemed to include any amendment or successor provisions to
such section and any regulation under such section.
	 
	2.7	 	“Committee” shall mean the duly designated Personnel Committee of the Board, comprised solely
of two or more outside directors of the Board who are non-employee directors under Rule 16b-3
promulgated under the Exchange Act, and successor rules and, with respect to Covered
Participants, outside directors under Code Section 162(m). With respect to Awards granted to
Outside Directors, the term “Committee” shall mean the Board.
	 
	2.8	 	“Common Stock” shall mean any authorized share of ownership of Enexus represented by a common
stock certificate, with par value of $0.01 per share, or any other appropriate instrument
evidencing same.
	 
	2.9	 	“Conversion Award” shall have the meaning specified in Section 12.12 hereof.
	 
	2.10	 	“Covered Participant” shall mean a Participant who is a “covered employee” as defined in Code
Section 162(m)(3), or who the Committee believes will be such a covered employee for a Plan
Year.
	 
	2.11	 	“Effective Date” shall mean the effective date of this Plan, as described in Section 3.1.
	 
	2.12	 	“Employer” shall, except as otherwise determined by the Committee, mean, with respect to a
given Participant and a given Award, the System Company for whom such Participant is employed
at the time an Award is granted under this Plan.

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	2.13	 	“Enexus” shall mean Enexus Energy Corporation, a Delaware corporation, and any successor of
such corporation as a result of any reorganization or merger.
	 
	2.14	 	“Entergy Award” shall have the meaning specified in Section 12.12 hereof.
	 
	2.15	 	“Equity Award” shall mean an Award of a unit whose value is related to the value of shares of
Common Stock but does not represent actual shares of Common Stock at the time such an Award
is granted.
	 
	2.16	 	“Equity Award Account” shall mean the record of Equity Awards granted to a Participant under
the Plan solely for accounting purposes, and shall not require a segregation of any System
Company assets.
	 
	2.17	 	“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to time,
and interpretive rulings and regulations.
	 
	2.18	 	“Fair Market Value” shall mean, as of any date with respect to a share of Common Stock, the
closing price at which the Common Stock shall have been sold on the applicable date as
reported on the New York Stock Exchange Composite Transactions Report for that date, or on the
preceding trading date if that date was not a trading date. The Committee may designate a
different time or method of determining the Fair Market Value, if appropriate, because of
changes in the hours and methods of trading on the New York Stock Exchange. If the Common
Stock ceases to be listed on the New York Stock Exchange, the Committee shall designate an
alternative exchange, stock market or method of determining the Fair Market Value of the
Common Stock.
	 
	2.19	 	“Grant Date” shall mean the date specified by the Committee on which a grant of an Award
shall become effective, which date shall not be earlier than the date on which the Committee
acts with respect to such grant.
	 
	2.20	 	“Options” shall mean incentive stock options or nonstatutory stock options, or both, all as
described in Article VI of the Plan.
	 
	2.21	 	“Option Price” shall mean, with respect to each share of Common Stock subject to an Option,
the price fixed by the Committee at which the share may be purchased pursuant to the exercise
of the Option.
	 
	2.22	 	“Other Stock-Based Award” shall mean an Award other than an Option, Restricted Share, or
Equity Award, granted from time to time under the Plan by the Committee subject to such
restrictions, terms and conditions as the Committee may determine and denominated or payable
in, valued in whole or in part by reference to, or otherwise based on or related to, shares of
Common Stock.
	 
	2.23	 	“Outside Director” shall mean a member of the Board who is not an employee of a System
Company.
	 
	2.24	 	“Participant” shall mean a person who is selected for an Award under this Plan, in accordance
with Article V.
	 
	2.25	 	“Performance Goals” shall mean the goals for a Performance Period as established by the
Committee and against which performance will be measured.
	 
	2.26	 	“Performance Period” shall mean the period designated by the Committee during which
Performance Goals must be attained and generally shall not be less than one year in duration.
	 
	2.27	 	“Performance Award” shall mean an Award awarded subject to attainment of Performance Goals
during the applicable Performance Period, as more fully described in Article IX.

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	2.28	 	“Plan” shall mean this 2008 Equity Ownership and Long Term Cash Incentive Plan of Enexus
Energy Corporation and Subsidiaries, as from time to time amended.
	 
	2.29	 	“Restricted Period” shall meant the period designated by the Committee during which
Restricted Shares or Restricted Share Units shall be subject to a substantial risk of
forfeiture and may not be sold, exchanged, assigned, transferred, pledged, hypothecated or
otherwise encumbered or disposed of, except as otherwise provided in the Plan and as the
Committee may determine.
	 
	2.30	 	“Restricted Shares” shall mean shares of Common Stock of Enexus Energy Corporation which are
awarded subject to restrictions on the holder’s right to sell,
transfer, pledge or assign such
shares and with such other restrictions as the Committee may determine, all as described in
Article VII of the Plan.
	 
	2.31	 	“Restricted Share Units” shall mean an Equity Award that is subject to such restrictions on
transfer and such forfeiture conditions as the Committee deems appropriate, all as described
in Article VIII of the Plan.
	 
	2.32	 	“Separation Date” means the date upon which Enexus becomes publicly traded in connection with
its separation from Entergy Corporation.
	 
	2.33	 	“System” shall mean Enexus Energy Corporation and all System Companies and, except in
determining whether a Change in Control has occurred, shall include any successor thereto.
	 
	2.34	 	“System Company” shall mean Enexus Energy Corporation and any corporation 80% or more of
whose stock (based on voting power) or value is owned, directly or indirectly, by Enexus
Energy Corporation and any partnership or trade or business which is 80% or more controlled,
directly or indirectly, by Enexus Energy Corporation, and, except in determining whether a
Change in Control has occurred, shall include any successor thereto.
	 
	2.35	 	“Total Disability” and ‘‘Totally Disabled’’ shall have such meaning as defined under the
Enexus Energy Corporation sponsored group insurance plan covering total disability, and
determinations of Total Disability shall be made by the insurance company providing such
coverage on the date on which the Participant, whether or not eligible for benefits under such
insurance plan, becomes Totally Disabled. However, in the absence of such insurance plan or
in the event the individual is an Outside Director, the Committee shall make such
determination.

ARTICLE III

EFFECTIVE DATE AND SCOPE

	3.1	 	Effective Date and Duration. The Effective Date of the Plan shall be the Separation
Date and the Plan shall be deemed effective immediately before the consummation of the
separation transaction pursuant to which Enexus becomes a separate publicly-held corporation
for the first time. The Plan shall terminate on the 10th anniversary of the
Effective Date.
	 
	3.2	 	Scope of Awards. Awards under this Plan may be granted in the following forms:

	 	(a)	 	Options, all as described in Article VI;
	 
	 	(b)	 	Restricted Shares, as provided in Article VII;
	 
	 	(c)	 	Equity Awards and related benefits, including Performance Unit Awards and
Restricted Unit Awards, all as described in Article VIII;
	 
	 	(d)	 	Performance Awards, as provided in Article IX; and
	 
	 	(e)	 	Other Stock-Based Awards, as provided in Article X.

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	3.3	 	Stock Subject to Plan. The stock to be issued, transferred or sold under the Plan
shall be Common Stock. Subject to Section 12.1, the maximum aggregate of [•] shares of Common
Stock, plus the number of shares of Common Stock that are covered by Conversion Awards, shall
be available for delivery pursuant to Awards of Options, Restricted Shares, Equity Awards or
Other Stock-Based Awards granted from time to time under the Plan, of which no more than [•]
shares shall be granted as other than Options or stock appreciation rights. Shares of Common
Stock that are issued in connection with Conversion Awards shall not count against the [•]
share limited described above. Any Award, or portion thereof, which is settled in cash (other
than a Conversion Award) shall not be applied against the maximum allocation of shares.
Shares of Common Stock delivered under this Plan shall be authorized but unissued shares or
open market shares of Enexus. Shares of Common Stock covered by Awards (other than a
Conversion Award) which are not earned, or which are forfeited or terminated for any reason,
and Options which expire unexercised or which are exchanged for other Awards, shall again be
available for subsequent Awards under the Plan. Shares received in connection with the
exercise of Options by delivery of other shares of Common Stock, and shares related to that
portion of an Award utilized for the payment of withholding taxes shall not again be available
for Awards under the Plan.

ARTICLE IV

ADMINISTRATION

	4.1	 	Administration of Plan. The Committee shall operate and administer the Plan and
shall have the authority to exercise the powers and discretion conferred on it by the Plan,
including the right to delegate any function to a specified person or persons. The Committee
shall have membership composition which enables (i) Awards to Section 16 Persons to qualify as
exempt from liability under Section 16(b) of the Exchange Act and (ii) Awards to Covered
Employees to qualify as performance-based compensation as provided under Code Section 162(m).
	 
	4.2	 	Powers of the Committee. The Committee shall administer the Plan in accordance with
its terms and shall have all powers, authority, and discretion necessary or proper for such
purpose. By way of illustration, the Committee shall have the following powers:

	 	(a)	 	The Committee shall have the sole and exclusive power and discretion to
grant Awards to Participants under the Plan, to select the Participants to receive
Awards, to determine the type, size, terms and conditions of the Awards to be made
to each Participant selected, to determine the time when Awards to Participants will
be granted, and to prescribe the form of the agreements embodying Awards made under
the Plan.
	 
	 	(b)	 	The Committee shall determine all questions arising in the administration
of the Plan including, but not limited to, the power and discretion to determine
eligibility and participation of any individual.
	 
	 	(c)	 	The Committee shall make factual determinations, construe and interpret
the Plan, including the intent of the Plan and any ambiguous, disputed or doubtful
provisions of the Plan.
	 
	 	(d)	 	The Committee may adopt such rules and regulations as it shall deem
desirable or necessary for the administration of the Plan.

Notwithstanding the foregoing, the Plan shall be administered by the Board with respect to
any Award granted to an Outside Director.

	4.3	 	Committee Actions. All findings, decisions, or determinations of any type made by
the Committee pursuant to the Plan, including factual determinations, any interpretation or
construction of the Plan, and the specific conditions and provisions of the Awards granted
under the Plan, shall be final and conclusive and

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	 	 	shall be binding upon all persons including, without limitation, each Participant,
beneficiary, legal representative, and any other interested parties. To the maximum extent
permitted by applicable law, each member of the Committee and the Board shall be indemnified
and held harmless by Enexus against and from (i) any loss, cost, liability, or expense that
may be imposed upon or reasonably incurred by him or her in connection with or resulting
from any claim, action, suit, or proceeding to which he or she may be a party or in which he
or she may be involved by reason of any action taken or failure to act under the Plan or any
Award agreement, and (ii) any and all amounts paid by him or her in settlement thereof, with
Enexus’ approval, or paid by him or her in satisfaction of any judgment in any such claim,
action, suit, or proceeding against him or her, provided he or she shall give Enexus an
opportunity, at its own expense, to handle and defend the same before he or she undertakes
to handle and defend it on his or her own behalf. The foregoing right of indemnification
shall not be exclusive of any other rights of indemnification to which such persons may be
entitled under Enexus’ Articles of Incorporation or Bylaws, by contract, as a matter of law,
or otherwise, or under any power that Enexus may have to indemnify them or hold them
harmless.
	 
	4.4	 	Delegation of Duties. With the exception of the authority to grant Awards to persons
subject to Sections 16(a) and 16(b) of the Exchange Act, to persons who are Covered
Participants, or to make other determinations regarding such persons, the Committee may
delegate to one or more of its members or to one or more agents such administrative duties as
it may deem advisable, and the Committee or any person to whom it has delegated duties as
aforesaid may employ one or more persons to render advice with respect to any responsibility
the Committee or such person may have under the Plan.
	 
	4.5	 	Reliance on Reports. The Committee may employ attorneys, consultants, accountants or
other persons, and the Committee, Enexus and its officers and directors shall be entitled to
rely upon the advice, opinions or evaluations of any such persons.
	 
	4.6	 	Non-Uniform Determinations. The Committee’s determinations under the Plan, including
without limitation, determinations as to the key employees or outside directors to receive
Awards, the terms and provisions of such Awards and the agreement(s) evidencing the same, need
not be uniform and may be made by it selectively among the key employees or outside directors
who receive or are eligible to receive Awards under the Plan, whether or not such key
employees or outside directors are similarly situated.
	 
	4.7	 	Effect of Code Section 409A. The Committee shall determine the manner and the extent
to which certain designated Participants may defer the receipt of certain Awards granted under
this Plan to such Participants. The terms and conditions of such deferral opportunities shall
be set forth in the Participant’s Award Agreement. To the extent that any Award under this
Plan is or may be considered to involve a nonqualified deferred compensation plan or deferral
subject to Section 409A of the Code, the terms and administration of such Award shall comply
with the provisions of such Section, applicable IRS guidance and good faith reasonable
interpretations thereof and, to the extent necessary, shall be modified, replaced, or
terminated in the discretion of the Committee. Notwithstanding any provision of the Plan or
any Award Agreement to the contrary, in the event that the Committee determines that any Award
may be or become subject to Code Section 409A, Enexus may adopt such amendments to the Plan
and the affected Award Agreement (without Participant consent) or adopt other policies and
procedures (including amendments, policies and procedures with retroactive effect), or take
any other actions, that the Committee determines are necessary or appropriate to (i) exclude
or exempt the Plan and any Award Agreement from the application of Code Section 409A and/or
preserve the intended tax treatment of the benefits provided with respect to Award, or (ii)
comply with the requirements of Code Section 409A.

ARTICLE V

ELIGIBILITY AND PARTICIPATION

	5.1	 	Eligibility. Those individuals eligible for Awards under the Plan are (a) Outside
Directors and (b) those key employees of a System Company determined to have significant
responsibility for the continued growth, development and financial success of the Companies.

6exv4w2

Exhibit 4.2

 

HALLIBURTON COMPANY

as Issuer

and

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

as Trustee

 

Fourth Supplemental Indenture

Dated as of September 12, 2008

 

$400,000,000 5.90% Senior Notes due September 15, 2018

$800,000,000 6.70% Senior Notes due September 15, 2038

 

 

          FOURTH SUPPLEMENTAL INDENTURE dated as of September 12, 2008 between Halliburton Company, a
Delaware corporation (the “Company”), and The Bank of New York Mellon Trust Company, N.A. (as
successor to JPMorgan Chase Bank), as trustee (the “Trustee”).

W I T N E S S E T H:

          WHEREAS, the Company has heretofore entered into an Indenture, dated as of October 17, 2003
(the “Original Indenture”), with the Trustee, as supplemented by a First Supplemental Indenture,
dated as of October 17, 2003, a Second Supplemental Indenture, dated as of December 15, 2003 and a
Third Supplemental Indenture, dated as of January 26, 2004;

          WHEREAS, the Original Indenture is incorporated herein by this reference and the Original
Indenture, as supplemented by this Fourth Supplemental Indenture, is herein called the “Indenture”;

          WHEREAS, under the Original Indenture, a new series of Securities may at any time be
established pursuant to a supplemental indenture executed by the Company and the Trustee;

          WHEREAS, the Company proposes to create under the Indenture two new series of Securities;

          WHEREAS, the Company desires to issue $400,000,000 aggregate principal amount of 2018 Notes
(as defined below) and $800,000,000 aggregate principal amount of 2038 Notes (as defined below),
each of which will be a new series of Securities under the Indenture; and

          WHEREAS, all conditions necessary to authorize the execution and delivery of this Fourth
Supplemental Indenture and to make it a valid and binding obligation of the Company have been done
or performed.

          NOW, THEREFORE, in consideration of the agreements and obligations set forth herein and for
other good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties
hereto hereby agree to the following provisions:

          Capitalized terms used but not defined herein have the meanings ascribed thereto in the
Original Indenture.

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ARTICLE I

5.90% Senior Notes due 2018

6.70% Senior Notes due 2038

          SECTION 1.01 Establishment and Terms.

          There are hereby established two new series of Securities to be issued under the Indenture, to
be designated as the Company’s 5.90% Senior Notes due 2018 (the “2018 Notes”) and 6.70% Senior
Notes due 2038 (the “2038 Notes” and, together with the 2018 Notes, the “Notes”).

          The aggregate principal amount of Notes that may be authenticated and delivered under this
Indenture is unlimited. The 2018 Notes that are to be authenticated and delivered on the date
hereof (the “Initial 2018 Notes”) will be in an aggregate principal amount of $400,000,000. The
2038 Notes that are to be authenticated and delivered on the date hereof (the “Initial 2038 Notes”
and, together with the Initial 2018 Notes, the “Initial Notes”) will be in an aggregate principal
amount of $800,000,000. Each series of Notes shall be issued in definitive fully registered form.

          With respect to any additional 2018 Notes (the “Additional 2018 Notes”) or additional 2038
Notes (the “Additional 2038 Notes” and, together with the Additional 2018 Notes, the “Additional
Notes”) the Company elects to issue under this Indenture, the Company shall set forth in an
Officers’ Certificate the following information:

	 	(i)	 	the aggregate principal amount of such Additional Notes to be
authenticated and delivered pursuant to this Indenture; and
	 
	 	(ii)	 	the issue price and the issue date of such Additional Notes,
including the date from which interest shall accrue.

          For purposes of the Indenture, Notes will not be deemed to be Additional Notes of a series
unless the maturity date, Interest Payment Dates, record date and interest rate are identical to
the Initial Notes for that series.

          The Initial 2018 Notes and the Additional 2018 Notes shall be considered collectively as a
single class for all purposes of this Indenture. Holders of the Initial 2018 Notes and the
Additional 2018 Notes will vote and consent together on all matters to which such Holders are
entitled to vote or consent as one class, and none of the Holders of the Initial 2018 Notes or the
Additional 2018 Notes shall have the right to vote or consent as a separate class on any matter to
which such Holders are entitled to vote or consent.

          The Initial 2038 Notes and the Additional 2038 Notes shall be considered collectively as a
single class for all purposes of this Indenture. Holders of the Initial 2038 Notes and the
Additional 2038 Notes will vote and consent together on all matters to which such Holders are
entitled to vote or consent as one class, and none of the Holders of the Initial 2038 Notes or the
Additional 2038 Notes shall have the right to vote or consent as a separate class on any matter to
which such Holders are entitled to vote or consent.

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          The 2018 Notes and the 2038 Notes shall each be issued in the form of one or more Global
Securities in substantially the form set out in Exhibit A and Exhibit B,
respectively. The initial Depositary with respect to the Notes shall be The Depository Trust
Company (“DTC”).

          SECTION 1.02 Maturity, Payment of Principal and Interest.

          The 2018 Notes will mature on September 15, 2018, and the 2038 Notes will mature on September
15, 2038.

          The 2018 Notes and 2038 Notes will bear interest at the rate of 5.90% and 6.70%, respectively,
per annum. The Interest Payment Dates with respect to the Notes will be March 15 and September 15
of each year. The first Interest Payment Date with respect to the Initial Notes will be March 15,
2009. Interest shall be paid to the Person in whose name the applicable Note is registered at the
close of business on March 1, in the case of a March 15 Interest Payment Date, and September 1, in
the case of a September 15 Interest Payment Date. Interest on the Initial Notes will accrue from
September 12, 2008. Interest will be computed on the basis of a 360-day year of twelve 30-day
months.

          All payments of principal, premium (if any) and interest on the Notes shall be made in
accordance with Section 4.01 of the Original Indenture and in the manner set forth in Section 2.14
of the Original Indenture and Exhibit A hereto in the case of the 2018 Notes and Exhibit B hereto
in the case of the 2038 Notes.

          SECTION 1.03 No Sinking Fund. The Notes will not be subject to a sinking fund.

          SECTION 1.04 Optional Redemption. At any time and from time to time the Notes of each
series will be redeemable, in the Company’s sole discretion, in whole or in part, in principal
amounts of $2,000 or any integral multiple of $1,000 in excess thereof for an amount equal to the
greater of:

     (a) 100% of the principal amount of the Notes of the series to be redeemed; and

     (b) as determined by an Independent Investment Banker, the sum of the present values of
the Remaining Scheduled Payments on the Notes being redeemed, discounted to the redemption
date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at
the Treasury Rate plus 35 basis points for the 2018 Notes and at the Treasury Rate plus 37.5
basis points for the 2038 Notes.

          In the event of any such redemption, interest will accrue up to and including the date of
redemption. Unless there is a default in payment of the Redemption Price on and after the
Redemption Date, interest will cease to accrue on the Notes or portions thereof called for
redemption.

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          The following defined terms used solely for purposes of this Section 1.04 shall, unless the
context otherwise requires, have the meanings specified below for purposes of the Notes.

          “Treasury Rate” means the rate per year, calculated on the third Business Day preceding the
Redemption Date, equal to (i) the yield, under the heading that represents the average for the
immediately preceding week, appearing in the most recently published statistical release designated
“H.15(519)” or any successor publication that is published weekly by the Board of Governors of the
Federal Reserve System and that establishes yields on actively traded United States Treasury
securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the
maturity corresponding to the Comparable Treasury Issue; provided that if no maturity is within
three months before or after the maturity date for the Notes, yields for the two published
maturities most closely corresponding to the Comparable Treasury Issue will be determined and the
Treasury Rate will be interpolated or extrapolated from those yields on a straight line basis
rounding to the nearest month; or (ii) if that release, or any successor release, is not published
during the week preceding the calculation date or does not contain such yields, the rate per year
equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, calculated
using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount)
equal to the Comparable Treasury Price for that Redemption Date.

          “Comparable Treasury Issue” means the United States Treasury security selected by an
Independent Investment Banker that would be used, at the time of selection and in accordance with
customary financial practice, in pricing new issues of corporate debt securities of comparable
maturity to the remaining term of the applicable series of Notes.

          “Comparable Treasury Price” is (i) the average of the bid and asked prices for the Comparable
Treasury Issue (expressed as a percentage of its principal amount) on the third Business 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 and designated “Composite 3:30 p.m.
Quotations for U.S. Government Securities”; or (ii) if such release (or any successor release) is
not published or does not contain such prices on such Business Day (X) the average of the Reference
Treasury Dealer Quotations for that Redemption Date, after excluding the highest and lowest of the
Reference Treasury Dealer Quotations, or (Y) if the Trustee obtains fewer than three Reference
Treasury Dealer Quotations, the average of all Reference Treasury Dealer Quotations so received.

          “Independent Investment Banker” means one of the Reference Treasury Dealers that the Company
appoints.

          “Reference Treasury Dealer” means each of Citigroup Global Markets Inc. (and its successors),
HSBC Securities (USA) Inc. (and its successors), Greenwich Capital Markets, Inc. (and its
successors) and one other nationally recognized investment banking firm that is a primary U.S.
Government securities dealer specified from time to time by the Company. If, however, any of them
shall cease to be a primary U.S. Government securities dealer in New York City, the Company will
substitute another nationally recognized investment banking firm that is such a dealer.

-4-

 

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

          “Remaining Scheduled Payments” means the remaining scheduled payments of the principal of and
interest on each Note to be redeemed that would be due after the related Redemption Date but for
such redemption. If the Redemption Date is not an Interest Payment Date with respect to the Note
being redeemed, the amount of the next succeeding scheduled interest payment on the Note will be
reduced by the amount of interest accrued thereon to that Redemption Date.

          SECTION 1.05 Denominations. The Notes shall be issued only in registered book-entry
form, in denominations of $2,000 and integral multiples of $1,000 in excess thereof.

ARTICLE II

MISCELLANEOUS

          SECTION 2.01 Trustee Matters. The recitals in this Fourth Supplemental Indenture are
made by the Company only and not by the Trustee, and all of the provisions contained in the
Original Indenture in respect of the rights, privileges, immunities, powers and duties of the
Trustee shall be applicable in respect of the Notes and of this Fourth Supplemental Indenture as
fully and with like effect as if set forth herein in full.

          SECTION 2.02 Ratification. The Original Indenture is in all respects ratified and
confirmed, and the Original Indenture and this Fourth Supplemental Indenture shall be read, taken
and construed as one and the same instrument; provided that, in case of conflict between this
Fourth Supplemental Indenture and the Original Indenture, this Fourth Supplemental Indenture shall
control.

          SECTION 2.03 Counterpart Originals. This Fourth Supplemental Indenture may be
simultaneously executed in several counterparts, each of which shall be deemed to be an original,
and such counterparts shall together constitute one and the same instrument.

          SECTION 2.04 Performance by DTC, Euroclear or Cede. Neither the Company nor the
Trustee will have any responsibility for the performance of DTC, Euroclear or Cede, or any of their
participants, direct or indirect, of their respective obligations under the rules and procedures
governing their operations.

-5-

 

          SECTION 2.05 Effect of Headings. The Article and Section headings herein have been
inserted for convenience of reference only, are not to be considered a part hereof and shall in no
way modify or restrict any of the terms or provisions hereof.

          SECTION 2.06 Governing Law. This Fourth Supplemental Indenture and the Notes shall be
governed by and construed in accordance with the laws of the State of New York.

          SECTION 2.07 Provisions for the Sole Benefit of Parties and Holders. Nothing in the
Original Indenture, as supplemented, amended and modified by this Fourth Supplemental Indenture, or
in the Notes, expressed or implied, is intended or shall be construed to confer upon, or to give or
grant to, any person or entity, other than the Company, the Trustee, the Paying Agent and the
registered owners of the Notes, any legal or equitable right, remedy or claim under or by reason of
the Indenture or any covenant, condition or stipulation hereof, and all covenants, stipulations,
promises and agreements in the Indenture contained by and on behalf of the Company shall be for the
sole and exclusive benefit of the Company, the Trustee, the Paying Agent and the registered owners
of the Notes.

-6-

 

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

	 	 	 	 	 
	 	HALLIBURTON COMPANY, as Issuer

 	 
	 	By:  	/s/
Craig W. Nunez	 
	 	 	Name:  	Craig W. Nunez	 
	 	 	Title:  	Senior Vice President and Treasurer	 
	 
	 	THE BANK OF NEW YORK MELLON TRUST 
COMPANY, N.A., as Trustee
 	 
	 
	 	By:  	/s/
Mauri J. Cowen	 
	 	 	Name:  	Mauri J. Cowen	 
	 	 	Title:  	Vice President	 
	 

 

 

EXHIBIT A

FORM OF 2018 NOTE

[FACE OF SECURITY]

[Global Note]

[Certificated Note]

          [IF THIS SECURITY IS TO BE A GLOBAL NOTE, IT SHALL BEAR THE FOLLOWING LEGEND:]

          THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO
AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. THIS SECURITY IS
EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS
NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND 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.

          [FOR AS LONG AS THIS GLOBAL SECURITY IS DEPOSITED WITH OR ON BEHALF OF THE DEPOSITORY TRUST
COMPANY IT SHALL BEAR THE FOLLOWING LEGEND:]

          THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO
AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. THIS SECURITY IS
EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS
NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND 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.

          UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO HALLIBURTON COMPANY 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

A-1

 

TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.

          TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO
DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF
PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE
RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.

A-2

 

HALLIBURTON COMPANY

5.90% SENIOR NOTES DUE 2018

			
	 	 	 
	No. ___
	 	CUSIP No. 406216AV3

ISIN No. US406216AV36

$                    

          Halliburton Company, a Delaware corporation (the “Issuer”), for value received promises to pay
to Cede & Co., or registered assigns, the principal sum of                      Dollars[, or such
greater or lesser amount as indicated on the Schedule I hereto,]1 on September 15, 2018.

	 	 	 	 	 
	 

	 	Interest Payment Dates:
	 	March 15 and September 15
	 
	 	 	 	 
	 

	 	Record Dates:
	 	March 1 and September 1

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

          IN WITNESS WHEREOF, the Issuer has caused this Security to be signed manually or by facsimile
by its duly authorized officers.

Dated:                     

	 	 	 	 	 
	 	HALLIBURTON COMPANY

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

 

			
	1.	 	To be included in any Global Note.

A-3

 

	 	 	 	 	 	 	 	 	 	 	 
	Certificate of Authentication:	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	This is one of the Securities of the series
designated therein referred to in the within-mentioned Indenture.	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	THE BANK OF NEW YORK MELLON

TRUST COMPANY, N.A., as Trustee	 	 	 	 	 	 	 	 
	 
	By:

	 	 	 	 	 	Dated:	 	 	 	 
	 

	 	 

	 	 
	 	 	 	 

	 	 
	 

	 	Authorized Signatory	 	 	 	 	 	 	 	 

A-4

 

[REVERSE OF SECURITY]

HALLIBURTON COMPANY

5.90% SENIOR NOTES DUE 2018

          This Security is one of a duly authorized issue of 5.90% Senior Notes Due 2018 (the
“Securities”) of Halliburton Company, a Delaware corporation (the “Issuer”). The Issuer issued the
Securities under an Indenture dated as of October 17, 2003 (the “Original Indenture”) between the
Issuer and The Bank of New York Mellon Trust Company, N.A. (as successor to JPMorgan Chase Bank),
as trustee (the “Trustee”), as supplemented by the Fourth Supplemental Indenture dated as of
September 12, 2008 (the “Fourth Supplemental Indenture” and, together with the Original Indenture,
the “Indenture”). Capitalized terms used herein for which no definition is provided herein shall
have the meanings set forth in the Indenture.

     1. Interest. The Issuer promises to pay interest on the principal amount of this Security at
5.90% per annum from September 12, 2008 until maturity. The Issuer will pay interest semiannually
on March 15 and September 15 of each year, or if any such day is not a Business Day, on the next
succeeding Business Day. Interest on the Securities will accrue from the most recent Interest
Payment Date on which interest has been paid or, if no interest has been paid, from September 12,
2008; provided that if there is no existing Default in the payment of interest, and if this
Security is authenticated between a record date referred to on the face hereof and the next
succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest Payment
Date; provided, further, that the first Interest Payment Date shall be March 15, 2009. Interest
will be computed on the basis of a 360-day year of twelve 30-day months.

     2. Method of Payment. The Issuer will pay interest on the Securities (except defaulted
interest) to the Persons who are registered Holders of Securities at the close of business on the
record date next preceding the Interest Payment Date, even if such Securities are canceled after
such record date and on or before such Interest Payment Date. The Holder must surrender this
Security to a Paying Agent to collect principal payments. The Issuer will pay the principal of and
interest on the Securities in money of the United States of America that at the time of payment is
legal tender for payment of public and private debts. Such amounts shall be payable at the offices
of the Trustee or any Paying Agent, provided that at the option of the Issuer, the Issuer may pay
such amounts (1) by wire transfer with respect to Securities represented by a Global Note or (2) by
check payable in such money mailed to a Holder’s registered address with respect to any Security.

     3. Paying Agent and Registrar. Initially, the Trustee will act as Paying Agent and Registrar.
The Issuer may change any Paying Agent, Registrar, co-registrar or additional paying agent without
notice to any Holder. The Issuer or any of the Issuer’s subsidiaries may act in any such capacity.

     4. Indenture. The terms of the Securities include those stated in the Indenture and those
made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (15 U.S.
Code §§ 77aaa-77bbbb) (the “TIA”), as in effect on the date of execution of the Indenture. The
Securities are subject to all such terms, and Holders are referred to the Indenture and the

A-5

 

TIA for a statement of such terms. The Securities are unsecured senior obligations of the
Issuer and rank equally with all of the Issuer’s existing and future unsecured indebtedness. The
Indenture provides for the issuance of other series of debt securities thereunder.

     5. Denominations, Transfer, Exchange. The Securities are in registered form without coupons
in denominations of $2,000 and integral multiples of $1,000 in excess thereof. The transfer of
Securities may be registered and Securities may be exchanged as provided in the Indenture. The
Registrar and the Trustee may require a Holder, among other things, to furnish appropriate
endorsements and transfer documents and to pay any taxes and fees required by law or permitted by
the Indenture. The Registrar need not exchange or register the transfer of any Securities during
the period between a record date and the corresponding Interest Payment Date.

     6. Redemption. No sinking fund is provided for the Securities. At any time and from time to
time the Securities will be redeemable, in the Issuer’s sole discretion, in whole or in part, in
principal amounts of $2,000 or any integral multiple of $1,000 in excess thereof for an amount
equal to the greater of (i) 100% of the principal amount of the Securities to be redeemed and (ii)
as determined by an Independent Investment Banker, the sum of the present values of the Remaining
Scheduled Payments on the Securities being redeemed, discounted to the redemption date on a
semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate
plus 35 basis points. In each case, the Issuer will pay accrued and unpaid interest to the date of
redemption. In the event of any such redemption, interest will accrue up to and including the date
of redemption. Unless there is a default in payment of the redemption amount, on and after the
Redemption Date, interest will cease to accrue on the Securities or portions thereof called for
redemption.

     7. Persons Deemed Owners. The registered Holder of a Security shall be treated as its owner
for all purposes.

     8. Amendments and Waivers. Subject to certain exceptions and limitations, the Indenture or
the Securities may be amended or supplemented by the Issuer and the Trustee with the written
consent (including consents obtained in connection with a tender offer or exchange offer for the
Securities of any one or more series or all series or a solicitation of consents in respect of the
Securities of any one or more series or all series, provided that in each case such offer or
solicitation is made to all Holders of then outstanding Securities of each such series (but the
terms of such offer or solicitation may vary from series to series)) of the Holders of at least a
majority in principal amount of the then outstanding Securities of all series under the Indenture
affected by such amendment or supplement (acting as one class), and any existing or past Default or
Event of Default under, or compliance with any provision of, the Indenture may be waived (other
than any continuing Default or Event of Default in the payment of the principal of, premium (if
any) or interest on the Securities) by the Holders of at least a majority in principal amount of
the then outstanding Securities of any series or of all series (acting as one class) in accordance
with the terms of the Indenture. The Issuer and the Trustee may amend or supplement the Indenture
or the Securities or waive any provision of either without the consent of the Holders, to:

     (1) cure any ambiguity, omission, defect or inconsistency;

A-6

 

     (2) evidence the assumption by a Successor of the Issuer’s obligations under the
Indenture and the Securities;

     (3) provide for uncertificated Securities in addition to or in place of certificated
Securities or to provide for the issuance of bearer securities (with or without coupons);

     (4) provide any security for the Securities or to add guarantees of, or additional
obligors on, the Securities;

     (5) comply with any requirement in order to effect or maintain the qualification of the
Indenture under the TIA;

     (6) add to the covenants of the Issuer for the benefit of the Holders of the
Securities, or to surrender any right or power conferred by the Indenture upon the Issuer;

     (7) add any additional Events of Default with respect to the Securities;

     (8) change or eliminate any of the provisions of the Indenture, provided that any such
change or elimination shall become effective only when there are no outstanding Securities
of any series that are adversely affected in any material respect by such changes in or
elimination of such provisions;

     (9) establish the form or terms of Securities of any series as permitted by the
Indenture;

     (10) supplement any of the provisions of the Indenture to such extent as shall be
necessary to permit or facilitate the defeasance and discharge of the Securities pursuant to
Section 8.01 of the Indenture, provided, however, that any such action shall not adversely
affect the interest of the Holders of the Securities of any series in any material respect;

     (11) evidence and provide for the acceptance of appointment hereunder by a successor
Trustee with respect to the Securities and to add to or change any of the provisions of the
Indenture as shall be necessary to provide for or facilitate the administration of the
trusts thereunder by more than one Trustee, pursuant to the requirements of Section 7.08 of
the Indenture; or

     (12) make any other change that does not adversely affect the rights of any Holder of
any series of Securities under the Indenture.

          The right of any Holder to participate in any consent required or sought pursuant to any
provision of the Indenture (and the obligation of the Issuer to obtain any such consent otherwise
required from such Holder) may be subject to the requirement that such Holder shall have been the
Holder of record of any Securities with respect to which such consent is required or sought as of a
date fixed in accordance with the terms of the Indenture.

A-7

 

          Without the consent of each Holder affected, the Issuer may not:

     (1) reduce the amount of Securities whose Holders must consent to an amendment,
supplement or waiver;

     (2) reduce the rate of or change the time for payment of interest, including default
interest, on any Security;

     (3) reduce the principal of or any premium on or any mandatory sinking fund payment
with respect to, or change the Stated Maturity of, any Security or reduce the amount of the
principal of an Original Issue Discount Security that would be due and payable upon a
declaration of acceleration of the Stated Maturity thereof pursuant to Section 6.02 of the
Indenture;

     (4) reduce the premium, if any, payable upon the redemption of any Security or change
the time at which any Security may or shall be redeemed;

     (5) change any obligation of the Company to pay Additional Amounts with respect to any
Security;

     (6) change the coin or currency or currencies (including composite currencies) in which
any Security or any premium, interest or any Additional Amounts with respect thereto are
payable;

     (7) impair the right to institute suit for the enforcement of any payment of principal
of, premium (if any) or interest on or any Additional Amounts with respect to any Security
pursuant to Sections 6.07 and 6.08 of the Indenture, except as limited by Section 6.06 of
the Indenture;

     (8) make any change in the percentage of principal amount of Securities necessary to
waive compliance with certain provisions of the Indenture pursuant to Section 6.04 or 6.07
of the Indenture or make any change in Section 9.02(1)-(9) of the Indenture; or

     (9) waive a continuing Default or Event of Default in the payment of principal of,
premium (if any) or interest on or any Additional Amounts with respect to the Securities.

          A supplemental indenture that changes or eliminates any covenant or other provision of the
Indenture which has expressly been included solely for the benefit of one or more particular series
of securities under the Indenture, or which modifies the rights of the holders of securities of
such series with respect to such covenant or other provision, shall be deemed not to affect the
rights under the Indenture of the Holders of the Securities.

     9. Defaults and Remedies. Events of Default are defined in the Indenture and with respect to
the Securities generally include:

A-8

 

     (1) default by the Issuer in the payment of interest on or any Additional Amounts with
respect to the Securities when the same becomes due and payable and such default continues
for a period of 30 days;

     (2) default by the Issuer in the payment of principal of the Securities at their Stated
Maturity or premium (if any) on the Securities when the same becomes due and payable;

     (3) default by the Issuer in its compliance with any of its other covenants or
agreements in, or provisions of, the Securities or the Indenture which shall not have been
remedied within 60 days after written notice to the Issuer by the Trustee or to the Issuer
and Trustee by the holders of at least 25% in aggregate principal amount of the Securities
then outstanding affected by such default;

     (4) default by the Issuer on a scheduled payment at maturity, upon redemption or
otherwise, in the aggregate principal amount of $125 million or more, after the expiration
of any applicable grace period, of any Indebtedness or the acceleration of any Indebtedness
of the Issuer in such aggregate principal amount, so that it becomes due and payable prior
to the date on which it would otherwise have become due and payable and such payment default
is not cured or such acceleration is not rescinded within 30 days after notice to the Issuer
in accordance with the terms of the Indebtedness; or

     (5) certain events involving bankruptcy, insolvency or reorganization affecting the
Issuer.

          The Trustee shall not be deemed to know or have notice of any Default or Event of Default
unless a Trust Officer at the Corporate Trust Office of the Trustee receives written notice at the
Corporate Trust Office of the Trustee of such Default or Event of Default with specific reference
to such Default or Event of Default.

          If an Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in
aggregate principal amount of the outstanding Securities affected by such Event of Default (or, in
the case of an Event of Default described in clause (3) above, if outstanding Securities of other
series are affected by such Event of Default, then at least 25% in principal amount of the then
outstanding Securities so affected), may declare the principal of and accrued and unpaid interest
on all the Securities to be immediately due and payable, except that in the case of an Event of
Default arising from certain events of bankruptcy, insolvency or reorganization affecting the
Issuer, all outstanding Securities become due and payable immediately without further action or
notice by the Trustee or any Holder. The amount due and payable upon the acceleration of any
Security is equal to 100% of the principal amount thereof plus accrued and unpaid interest to the
date of payment. Holders may not enforce the Indenture or the Securities except as provided in the
Indenture. The Trustee may require indemnity satisfactory to it before it enforces the Indenture
or the Securities. Subject to certain limitations, Holders of a majority in aggregate principal
amount of the then outstanding Securities may direct the time, method and place of conducting any
proceeding for any remedy available to the Trustee, or may direct the Trustee in its exercise of
any trust or power conferred on the Trustee. The Trustee may withhold from Holders notice of any
continuing default (except a default in

A-9

 

payment of principal or interest) if it determines that withholding notice is in their
interests. The Issuer must furnish an annual compliance certificate to the Trustee.

     10. Discharge Prior to Maturity. The Indenture with respect to the Securities shall be
discharged and canceled upon the payment of all of the Securities issued thereunder and shall be
discharged except for certain obligations upon the irrevocable deposit with the Trustee of funds or
Government Obligations sufficient for such payment.

     11. Trustee Dealings with the Issuer. The Trustee, in its individual or any other capacity,
may make loans to, accept deposits from, and perform services for the Issuer or its Affiliates, and
may otherwise deal with the Issuer or its Affiliates, as if it were not Trustee.

     12. No Recourse Against Others. A director, officer, employee or stockholder, as such, of the
Issuer shall not have any liability for any obligations of the Issuer under the Securities or the
Indenture or for any claim based on, in respect of or by reason of such obligations or their
creation. Each Holder by accepting a Security waives and releases all such liability. The waiver
and release are part of the consideration for the issuance of the Securities.

     13. Authentication. The Securities shall not be valid until authenticated by the manual
signature of the Trustee or an authenticating agent.

     14. CUSIP Numbers. Pursuant to a recommendation promulgated by the Committee on Uniform
Security Identification Procedures, the Issuer has caused CUSIP numbers to be printed on the
Securities as a convenience to the Holders of the Securities. No representation is made as to the
accuracy of such numbers as printed on the Securities and reliance may be placed only on the other
identification numbers printed thereon.

     15. Indenture to Control; Governing Law. In the case of any conflict between the provisions
of this Security and the Indenture, the provisions of the Indenture shall control. The Indenture
and the Securities shall be governed by and construed under the laws of the State of New York.

     16. Successor Person. When a Successor 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 person will (except in certain circumstances specified in the Indenture) be released
from those obligations.

     17. Abbreviations and Definitions. Customary abbreviations may be used in the name of a
Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the
entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST
(= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act).

          The Issuer will furnish to any Holder upon written request and without charge a copy of the
Indenture. Request may be made to:

A-10

 

Halliburton Company

5 Houston Center

1401 McKinney, Suite 2400

Houston, Texas 77010

Telephone: (713) 759-2600

Attention: General Counsel

A-11

 

SCHEDULE I

          The initial aggregate principal amount of Securities evidenced by the Certificate to which
this Schedule is attached is $                    . The notations on the following table evidence
decreases and increases in the aggregate principal amount of Securities evidenced by such
Certificate.

	 	 	 	 	 	 	 
	 	 	 	 	Principal Amount of	 	 
	 	 	 	 	Securities Remaining	 	 
	Decrease in Principal	 	Increase in Principal	 	After Such Decrease or	 	Notation by
	Amount of Securities	 	Amount of Securities	 	Increase	 	Security Registrar
	 	 	 	 	 	 	 

A-12

 

ASSIGNMENT FORM

	 	 	 	 	 
	 

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

	 	 	 	 

 

(Insert assignee’s social security or tax I.D. number)

 

 

 

(Print or type assignee’s name, address and zip code)

	 	 	 
	and irrevocably appoint
	 	 
	 

	 	 

as agent to transfer this Security on the books of the Issuer. The agent may substitute another to
act for him.

	 	 	 	 	 	 	 	 	 
	Date:

	 	 	 	 
	 	Your Signature:	 	 
	 

	 	 
	 	 	 	 	 	 
	 

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

	 	 	 
	Signature Guarantee:
	 	 
	 

	 	 
	 

	 	(Participant in a Recognized Signature Guaranty Medallion Program)

          This assignment relates to $___ principal amount of 5.90% Senior Notes due 2018 of
Halliburton Company held in2 ___ book-entry or ___ definitive form by
                     (the “Transferor”).

          The Transferor has requested the Trustee by written order to exchange or register the transfer
of a Note or Notes.

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	[INSERT NAME OF TRANSFEROR]
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	By: 	 
	 

	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Name:
	 	 	 	 	 	 	Title:
	 	 	 	 	 	 	Address:
	 
	 	 	 	 	 	 	 	 
	Date:
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 

 

			
	2.	 	Fill in blank or check appropriate box, as applicable.

A-13

 

EXHIBIT B

FORM OF 2038 NOTE

[FACE OF SECURITY]

[Global Note]

[Certificated Note]

          [IF THIS SECURITY IS TO BE A GLOBAL NOTE, IT SHALL BEAR THE FOLLOWING LEGEND:]

          THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO
AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. THIS SECURITY IS
EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS
NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND 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.

          [FOR AS LONG AS THIS GLOBAL SECURITY IS DEPOSITED WITH OR ON BEHALF OF THE DEPOSITORY TRUST
COMPANY IT SHALL BEAR THE FOLLOWING LEGEND:]

          THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO
AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. THIS SECURITY IS
EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS
NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND 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.

          UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO HALLIBURTON COMPANY 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

B-1

 

TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.

          TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO
DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF
PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE
RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.

B-2

 

HALLIBURTON COMPANY

6.70% SENIOR NOTES DUE 2038

			
	 	 	 
	No. ___
	 	CUSIP No. 406216AW1

ISIN No. US406216AW19

$                    

          Halliburton Company, a Delaware corporation (the “Issuer”), for value received promises to pay
to Cede & Co., or registered assigns, the principal sum of                      Dollars[, or such
greater or lesser amount as indicated on the Schedule I hereto,]3 on September 15, 2038.

	 	 	 
	Interest Payment Dates:

	 	March 15 and September 15
	 
	 	 
	Record Dates:

	 	March 1 and September 1

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

          IN WITNESS WHEREOF, the Issuer has caused this Security to be signed manually or by facsimile
by its duly authorized officers.

Dated:                                         

	 	 	 	 	 
	 	HALLIBURTON COMPANY

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

 

			
	3.	 	To be included in any Global Note.

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Certificate of Authentication:

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

THE BANK OF NEW YORK MELLON

TRUST COMPANY, N.A., as Trustee

	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	Dated:	 	 
	 

	 
	 	 	 	 	 
	 

	Authorized Signatory	 	 	 	 	 

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[REVERSE OF SECURITY]

HALLIBURTON COMPANY

6.70% SENIOR NOTES DUE 2038

          This Security is one of a duly authorized issue of 6.70% Senior Notes Due 2038 (the
“Securities”) of Halliburton Company, a Delaware corporation (the “Issuer”). The Issuer issued the
Securities under an Indenture dated as of October 17, 2003 (the “Original Indenture”) between the
Issuer and The Bank of New York Mellon Trust Company, N.A. (as successor to JPMorgan Chase Bank),
as trustee (the “Trustee”), as supplemented by the Fourth Supplemental Indenture dated as of
September 12, 2008 (the “Fourth Supplemental Indenture” and, together with the Original Indenture,
the “Indenture”). Capitalized terms used herein for which no definition is provided herein shall
have the meanings set forth in the Indenture.

     1. Interest. The Issuer promises to pay interest on the principal amount of this Security at
6.70% per annum from September 12, 2008 until maturity. The Issuer will pay interest semiannually
on March 15 and September 15 of each year, or if any such day is not a Business Day, on the next
succeeding Business Day. Interest on the Securities will accrue from the most recent Interest
Payment Date on which interest has been paid or, if no interest has been paid, from September 12,
2008; provided that if there is no existing Default in the payment of interest, and if this
Security is authenticated between a record date referred to on the face hereof and the next
succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest Payment
Date; provided, further, that the first Interest Payment Date shall be March 15, 2009. Interest
will be computed on the basis of a 360-day year of twelve 30-day months.

     2. Method of Payment. The Issuer will pay interest on the Securities (except defaulted
interest) to the Persons who are registered Holders of Securities at the close of business on the
record date next preceding the Interest Payment Date, even if such Securities are canceled after
such record date and on or before such Interest Payment Date. The Holder must surrender this
Security to a Paying Agent to collect principal payments. The Issuer will pay the principal of and
interest on the Securities in money of the United States of America that at the time of payment is
legal tender for payment of public and private debts. Such amounts shall be payable at the offices
of the Trustee or any Paying Agent, provided that at the option of the Issuer, the Issuer may pay
such amounts (1) by wire transfer with respect to Securities represented by a Global Note or (2) by
check payable in such money mailed to a Holder’s registered address with respect to any Security.

     3. Paying Agent and Registrar. Initially, the Trustee will act as Paying Agent and Registrar.
The Issuer may change any Paying Agent, Registrar, co-registrar or additional paying agent without
notice to any Holder. The Issuer or any of the Issuer’s subsidiaries may act in any such capacity.

     4. Indenture. The terms of the Securities include those stated in the Indenture and those
made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (15 U.S.
Code §§ 77aaa-77bbbb) (the “TIA”), as in effect on the date of execution of the Indenture. The
Securities are subject to all such terms, and Holders are referred to the Indenture and the

B-5

 

TIA for a statement of such terms. The Securities are unsecured senior obligations of the
Issuer and rank equally with all of the Issuer’s existing and future unsecured indebtedness. The
Indenture provides for the issuance of other series of debt securities thereunder.

     5. Denominations, Transfer, Exchange. The Securities are in registered form without coupons
in denominations of $2,000 and integral multiples of $1,000 in excess thereof. The transfer of
Securities may be registered and Securities may be exchanged as provided in the Indenture. The
Registrar and the Trustee may require a Holder, among other things, to furnish appropriate
endorsements and transfer documents and to pay any taxes and fees required by law or permitted by
the Indenture. The Registrar need not exchange or register the transfer of any Securities during
the period between a record date and the corresponding Interest Payment Date.

     6. Redemption. No sinking fund is provided for the Securities. At any time and from time to
time the Securities will be redeemable, in the Issuer’s sole discretion, in whole or in part, in
principal amounts of $2,000 or any integral multiple of $1,000 in excess thereof for an amount
equal to the greater of (i) 100% of the principal amount of the Securities to be redeemed and (ii)
as determined by an Independent Investment Banker, the sum of the present values of the Remaining
Scheduled Payments on the Securities being redeemed, discounted to the redemption date on a
semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate
plus 37.5 basis points. In each case, the Issuer will pay accrued and unpaid interest to the date
of redemption. In the event of any such redemption, interest will accrue up to and including the
date of redemption. Unless there is a default in payment of the redemption amount, on and after
the Redemption Date, interest will cease to accrue on the Securities or portions thereof called for
redemption.

     7. Persons Deemed Owners. The registered Holder of a Security shall be treated as its owner
for all purposes.

     8. Amendments and Waivers. Subject to certain exceptions and limitations, the Indenture or
the Securities may be amended or supplemented by the Issuer and the Trustee with the written
consent (including consents obtained in connection with a tender offer or exchange offer for the
Securities of any one or more series or all series or a solicitation of consents in respect of the
Securities of any one or more series or all series, provided that in each case such offer or
solicitation is made to all Holders of then outstanding Securities of each such series (but the
terms of such offer or solicitation may vary from series to series)) of the Holders of at least a
majority in principal amount of the then outstanding Securities of all series under the Indenture
affected by such amendment or supplement (acting as one class), and any existing or past Default or
Event of Default under, or compliance with any provision of, the Indenture may be waived (other
than any continuing Default or Event of Default in the payment of the principal of, premium (if
any) or interest on the Securities) by the Holders of at least a majority in principal amount of
the then outstanding Securities of any series or of all series (acting as one class) in accordance
with the terms of the Indenture. The Issuer and the Trustee may amend or supplement the Indenture
or the Securities or waive any provision of either without the consent of the Holders, to:

     (1) cure any ambiguity, omission, defect or inconsistency;

B-6

 

     (2) evidence the assumption by a Successor of the Issuer’s obligations under the
Indenture and the Securities;

     (3) provide for uncertificated Securities in addition to or in place of certificated
Securities or to provide for the issuance of bearer securities (with or without coupons);

     (4) provide any security for the Securities or to add guarantees of, or additional
obligors on, the Securities;

     (5) comply with any requirement in order to effect or maintain the qualification of the
Indenture under the TIA;

     (6) add to the covenants of the Issuer for the benefit of the Holders of the
Securities, or to surrender any right or power conferred by the Indenture upon the Issuer;

     (7) add any additional Events of Default with respect to the Securities;

     (8) change or eliminate any of the provisions of the Indenture, provided that any such
change or elimination shall become effective only when there are no outstanding Securities
of any series that are adversely affected in any material respect by such changes in or
elimination of such provisions;

     (9) establish the form or terms of Securities of any series as permitted by the
Indenture;

     (10) supplement any of the provisions of the Indenture to such extent as shall be
necessary to permit or facilitate the defeasance and discharge of the Securities pursuant to
Section 8.01 of the Indenture, provided, however, that any such action shall not adversely
affect the interest of the Holders of the Securities of any series in any material respect;

     (11) evidence and provide for the acceptance of appointment hereunder by a successor
Trustee with respect to the Securities and to add to or change any of the provisions of the
Indenture as shall be necessary to provide for or facilitate the administration of the
trusts thereunder by more than one Trustee, pursuant to the requirements of Section 7.08 of
the Indenture; or

     (12) make any other change that does not adversely affect the rights of any Holder of
any series of Securities under the Indenture.

          The right of any Holder to participate in any consent required or sought pursuant to any
provision of the Indenture (and the obligation of the Issuer to obtain any such consent otherwise
required from such Holder) may be subject to the requirement that such Holder shall have been the
Holder of record of any Securities with respect to which such consent is required or sought as of a
date fixed in accordance with the terms of the Indenture.

B-7

 

     Without the consent of each Holder affected, the Issuer may not:

     (1) reduce the amount of Securities whose Holders must consent to an amendment,
supplement or waiver;

     (2) reduce the rate of or change the time for payment of interest, including default
interest, on any Security;

     (3) reduce the principal of or any premium on or any mandatory sinking fund payment
with respect to, or change the Stated Maturity of, any Security or reduce the amount of the
principal of an Original Issue Discount Security that would be due and payable upon a
declaration of acceleration of the Stated Maturity thereof pursuant to Section 6.02 of the
Indenture;

     (4) reduce the premium, if any, payable upon the redemption of any Security or change
the time at which any Security may or shall be redeemed;

     (5) change any obligation of the Company to pay Additional Amounts with respect to any
Security;

     (6) change the coin or currency or currencies (including composite currencies) in which
any Security or any premium, interest or any Additional Amounts with respect thereto are
payable;

     (7) impair the right to institute suit for the enforcement of any payment of principal
of, premium (if any) or interest on or any Additional Amounts with respect to any Security
pursuant to Sections 6.07 and 6.08 of the Indenture, except as limited by Section 6.06 of
the Indenture;

     (8) make any change in the percentage of principal amount of Securities necessary to
waive compliance with certain provisions of the Indenture pursuant to Section 6.04 or 6.07
of the Indenture or make any change in Section 9.02(1)-(9) of the Indenture; or

     (9) waive a continuing Default or Event of Default in the payment of principal of,
premium (if any) or interest on or any Additional Amounts with respect to the Securities.

          A supplemental indenture that changes or eliminates any covenant or other provision of the
Indenture which has expressly been included solely for the benefit of one or more particular series
of securities under the Indenture, or which modifies the rights of the holders of securities of
such series with respect to such covenant or other provision, shall be deemed not to affect the
rights under the Indenture of the Holders of the Securities.

     9. Defaults and Remedies. Events of Default are defined in the Indenture and with respect to
the Securities generally include:

B-8

 

     (1) default by the Issuer in the payment of interest on or any Additional Amounts with
respect to the Securities when the same becomes due and payable and such default continues
for a period of 30 days;

     (2) default by the Issuer in the payment of principal of the Securities at their Stated
Maturity or premium (if any) on the Securities when the same becomes due and payable;

     (3) default by the Issuer in its compliance with any of its other covenants or
agreements in, or provisions of, the Securities or the Indenture which shall not have been
remedied within 60 days after written notice to the Issuer by the Trustee or to the Issuer
and Trustee by the holders of at least 25% in aggregate principal amount of the Securities
then outstanding affected by such default;

     (4) default by the Issuer on a scheduled payment at maturity, upon redemption or
otherwise, in the aggregate principal amount of $125 million or more, after the expiration
of any applicable grace period, of any Indebtedness or the acceleration of any Indebtedness
of the Issuer in such aggregate principal amount, so that it becomes due and payable prior
to the date on which it would otherwise have become due and payable and such payment default
is not cured or such acceleration is not rescinded within 30 days after notice to the Issuer
in accordance with the terms of the Indebtedness; or

     (5) certain events involving bankruptcy, insolvency or reorganization affecting the
Issuer.

          The Trustee shall not be deemed to know or have notice of any Default or Event of Default
unless a Trust Officer at the Corporate Trust Office of the Trustee receives written notice at the
Corporate Trust Office of the Trustee of such Default or Event of Default with specific reference
to such Default or Event of Default.

          If an Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in
aggregate principal amount of the outstanding Securities affected by such Event of Default (or, in
the case of an Event of Default described in clause (3) above, if outstanding Securities of other
series are affected by such Event of Default, then at least 25% in principal amount of the then
outstanding Securities so affected), may declare the principal of and accrued and unpaid interest
on all the Securities to be immediately due and payable, except that in the case of an Event of
Default arising from certain events of bankruptcy, insolvency or reorganization affecting the
Issuer, all outstanding Securities become due and payable immediately without further action or
notice by the Trustee or any Holder. The amount due and payable upon the acceleration of any
Security is equal to 100% of the principal amount thereof plus accrued and unpaid interest to the
date of payment. Holders may not enforce the Indenture or the Securities except as provided in the
Indenture. The Trustee may require indemnity satisfactory to it before it enforces the Indenture
or the Securities. Subject to certain limitations, Holders of a majority in aggregate principal
amount of the then outstanding Securities may direct the time, method and place of conducting any
proceeding for any remedy available to the Trustee, or may direct the Trustee in its exercise of
any trust or power conferred on the Trustee. The Trustee may withhold from Holders notice of any
continuing default (except a default in

B-9

 

payment of principal or interest) if it determines that withholding notice is in their
interests. The Issuer must furnish an annual compliance certificate to the Trustee.

     10. Discharge Prior to Maturity. The Indenture with respect to the Securities shall be
discharged and canceled upon the payment of all of the Securities issued thereunder and shall be
discharged except for certain obligations upon the irrevocable deposit with the Trustee of funds or
Government Obligations sufficient for such payment.

     11. Trustee Dealings with the Issuer. The Trustee, in its individual or any other capacity,
may make loans to, accept deposits from, and perform services for the Issuer or its Affiliates, and
may otherwise deal with the Issuer or its Affiliates, as if it were not Trustee.

     12. No Recourse Against Others. A director, officer, employee or stockholder, as such, of the
Issuer shall not have any liability for any obligations of the Issuer under the Securities or the
Indenture or for any claim based on, in respect of or by reason of such obligations or their
creation. Each Holder by accepting a Security waives and releases all such liability. The waiver
and release are part of the consideration for the issuance of the Securities.

     13. Authentication. The Securities shall not be valid until authenticated by the manual
signature of the Trustee or an authenticating agent.

     14. CUSIP Numbers. Pursuant to a recommendation promulgated by the Committee on Uniform
Security Identification Procedures, the Issuer has caused CUSIP numbers to be printed on the
Securities as a convenience to the Holders of the Securities. No representation is made as to the
accuracy of such numbers as printed on the Securities and reliance may be placed only on the other
identification numbers printed thereon.

     15. Indenture to Control; Governing Law. In the case of any conflict between the provisions
of this Security and the Indenture, the provisions of the Indenture shall control. The Indenture
and the Securities shall be governed by and construed under the laws of the State of New York.

     16. Successor Person. When a Successor 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 person will (except in certain circumstances specified in the Indenture) be released
from those obligations.

     17. Abbreviations and Definitions. Customary abbreviations may be used in the name of a
Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the
entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST
(= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act).

          The Issuer will furnish to any Holder upon written request and without charge a copy of the
Indenture. Request may be made to:

B-10

 

Halliburton Company

5 Houston Center

1401 McKinney, Suite 2400

Houston, Texas 77010

Telephone: (713) 759-2600

Attention: General Counsel

B-11

 

SCHEDULE I

          The initial aggregate principal amount of Securities evidenced by the Certificate to which
this Schedule is attached is
$                    . The notations on the following table evidence
decreases and increases in the aggregate principal amount of Securities evidenced by such
Certificate.

	 	 	 	 	 	 	 
	 
	 	 	 	Principal Amount of	 	 
	 
	 	 	 	Securities Remaining	 	 
	Decrease in Principal
	 	Increase in Principal
	 	After Such Decrease or
	 	Notation by
	Amount of Securities
	 	Amount of Securities
	 	Increase
	 	Security Registrar
	 
	 	 
	 	 
	 	 

B-12

 

ASSIGNMENT FORM

	 	 	 	 	 
	 

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

	 	 	 	 

 

(Insert assignee’s social security or tax I.D. number)

 

 

 

(Print or type assignee’s name, address and zip code)

	 	 	 
	and irrevocably appoint
	 	 
	 

	 	 

as agent to transfer this Security on the books of the Issuer. The agent may substitute another to
act for him.

	 	 	 	 	 	 	 	 	 
	Date:

	 	 	 	 
	 	Your Signature:	 	 
	 

	 	 
	 	 	 	 	 	 
	 

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

	 	 	 
	Signature Guarantee:
	 	 
	 

	 	 
	 

	 	(Participant in a Recognized Signature Guaranty Medallion Program)

          This assignment relates to $___ principal amount of 6.70% Senior Notes due 2038 of
Halliburton Company held in4 ___ book-entry or ___ definitive form by
                     (the “Transferor”).

          The Transferor has requested the Trustee by written order to exchange or register the transfer
of a Note or Notes.

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	[INSERT NAME OF TRANSFEROR]
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	By: 	 
	 

	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Name:
	 	 	 	 	 	 	Title:
	 	 	 	 	 	 	Address:
	 
	 	 	 	 	 	 	 	 
	Date:
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 

 

			
	4.	 	Fill in blank or check appropriate box, as applicable.

B-13

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