Document:

Exhibit
4.2

[FORM OF NOTE]

THIS SECURITY IS A
GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND
IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF.  THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE
OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE
OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH
DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED
IN THE INDENTURE.

Unless this
certificate is presented by an authorized representative of The Depository
Trust Company, a New York corporation (the “Depositary”), 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 such
other name as requested by an authorized representative of the Depositary (and
any payment is made to Cede & Co. or to such other entity as is requested
by an authorized representative of the Depositary), ANY TRANSFER, PLEDGE OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since
the registered owner hereof, Cede & Co., has an interest herein.

6.625% NOTE DUE
May 1, 2037

THE TORO COMPANY

	
  No.

  	
   

  	
   

  	
  CUSIP No.

  	
   

  

 

PRINCIPAL AMOUNT:   $125,000,000.00

The Toro Company,
a corporation duly organized and existing under the laws of the State of
Delaware (herein called the “Company”, which term includes any successor Person
under the Indenture hereinafter referred to), for value received, hereby
promises to pay to Cede & Co., or registered assigns, the principal sum of ONE
HUNDRED TWENTY-FIVE MILLION U.S. Dollars (U.S.$125,000,000.00) on May 1, 2037
and to pay interest thereon from April 26, 2007 or from the most recent
Interest Payment Date to which interest has been paid or duly provided for,
semi-annually on May 1 and November 1 in each year, commencing November 1, 2007
at the rate of 6.625% per annum, until the principal hereof is paid or made available
for payment, provided that any principal and premium, and any such
installment of interest, which is overdue shall bear interest at the rate of
6.625% per annum (to the extent that the payment of such interest shall be
legally enforceable), from the dates such amounts are due until they are paid
or made available for payment, and such interest shall be payable on demand.
The interest so payable, and punctually paid or duly provided for, on any
Interest Payment Date will, as provided in such Indenture, be paid to the
Person in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on the Regular Record Date for such
interest, which shall be the April 15th or October 15th (whether or not a
Business Day), as the case may 

be, next preceding such
Interest Payment Date.  Any such interest
not so punctually paid or duly provided for will forthwith cease to be payable
to the Holder on such Regular Record Date and may either be paid to the Person
in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on a Special Record Date for the payment of
such Defaulted Interest to be fixed by the Trustee, notice whereof shall be
given to Holders of Securities of this series not less than 10 days prior to
such Special Record Date, or be paid at any time in any other lawful manner not
inconsistent with the requirements of any securities exchange on which the
Securities of this series may be listed, and upon such notice as may be
required by such exchange, all as more fully provided in said Indenture.

Payment of the
principal of (and premium, if any) and interest on this Security will be made
at the office or agency of the Company maintained for that purpose in the
Borough of Manhattan, The City of New York, in such coin or currency of the
United States of America as at the time of payment is legal tender for payment
of public and private debts; provided, however, that at the
option of the Company payment of interest 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 transfer to an account maintained by the payee with a
bank located in the United States.

This Security is
one of a duly authorized issue of securities of the Company (herein called the “Securities”),
issued and to be issued in one or more series under an Indenture, dated as of
April 20, 2007 (herein called the “Indenture”, which term shall have the
meaning assigned to it in such instrument), as amended and supplemented by a
First Supplemental Indenture dated as of April 26, 2007, between the Company
and The Bank of New York Trust Company, N.A., as Trustee (herein called the “Trustee”,
which term includes any successor trustee under the Indenture), and reference
is hereby made to the Indenture and all indentures supplemental thereto for a
statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee and the Holders of the
Securities and of the terms upon which the Securities are, and are to be,
authenticated and delivered. This Security is one of the series designated on
the face hereof.

The Company may, at its option, redeem this Security,
in whole at any time or in part from time to time, upon notice given by mail
not less than 30 nor more than 60 days before the Redemption Date, at a
Redemption Price equal to the sum of the principal amount of this Security,
accrued interest on that principal amount to the Redemption Date, and the Make-whole
Amount, if any, with respect to this Security.

For purposes of
the immediately preceding paragraph, the following defined terms shall have the
meanings specified:

“Make-whole Amount”
means, in connection with any redemption at the option of the Company, the
excess, if any, of the (a) aggregate present value as of the date of such
redemption of each dollar of principal being redeemed and the amount of
interest, exclusive of interest accrued to the Redemption Date, that would have
been payable in respect of each such dollar if such redemption had not been
made, determined by discounting, on a semi-annual basis (assuming a 360-day
year of twelve 30-day months), such principal and interest at the Reinvestment
Rate, determined on the third Business Day preceding the date notice of such 

redemption is given, from
the respective dates on which such principal and interest would have been
payable if such redemption had not been made, to the Redemption Date, over (b)
the aggregate principal amount of Securities with like tenor and terms to this
Security being redeemed.  In case the
Company shall elect to redeem less than all of the Securities with like tenor
and terms to this Security, the Company shall, not less than 30 days nor more
than 60 days prior to the redemption date fixed by the Company, notify the
Trustee in writing of such redemption date, and of the principal amount of such
Securities to be redeemed.

“Redemption Date”, when
used with respect to any Security to be redeemed, means the date fixed for such
redemption by or pursuant to the Indenture.

“Redemption Price”, when
used with respect to any Security to be redeemed, means the price at which it
is to be redeemed pursuant to the Indenture.

If a Change of Control
Triggering Event occurs, unless the Company has exercised its right to redeem
the Securities as described above, the Company shall make an offer to each
Holder (the “Change of Control Offer”) to repurchase all or any part (equal to
$1,000 or an integral multiple of $1,000 in excess thereof) of such Holder’s
Securities at a repurchase price in cash equal to 101% of the aggregate
principal amount of the Securities to be repurchased plus accrued and unpaid
interest, if any, thereon, to the date of repurchase.  Within 30 days following any Change of
Control Triggering Event, the Company shall mail a notice to each Holder, with
a copy to the Trustee, describing the transaction or transactions that
constitute the Change of Control Triggering Event and offering to repurchase
the Securities on the payment date specified in the notice, which date shall be
no earlier than 30 days and no later than 60 days from the date such notice is
mailed (the “Change of Control Payment Date”), pursuant to the procedures
required by the Securities and described in such notice.

The Company shall comply
with the requirements of Rule 14e-1 under the Exchange Act, and any other
securities laws and regulations thereunder, to the extent those laws and
regulations are applicable in connection with the repurchase of the Securities
as a result of a Change of Control Triggering Event.  To the extent that the provisions of any
securities laws or regulations conflict with the Change of Control repurchase
provisions of the Securities, the Company shall comply with the applicable securities
laws and regulations and will not be deemed to have breached its obligations
under the Change of Control repurchase provisions of the Securities by virtue
of such conflicts.

On the Change of Control Payment Date, the Company
shall, to the extent lawful:

(i)             accept
for payment all Securities or portions of Securities properly tendered pursuant
to the Change of Control Offer;

(ii)          deposit
with the Paying Agent an amount equal to the Change of Control Payment in
respect of all Securities or portions of Securities properly tendered; and

(iii)       deliver
or cause to be delivered to the Trustee the Securities properly accepted,
together with an Officers’ Certificate stating the aggregate principal amount
of Securities being purchased.

“Below Investment Grade
Rating Event” means the Securities are rated below an Investment Grade Rating
by both of the Rating Agencies (as defined below) on any date from the date of
the public notice of an arrangement that could reasonably be expected to result
in a Change of Control until the end of the 60-day period following public
notice of the occurrence of the Change of Control (which 60-day period shall be
extended so long as the rating of the Securities is under publicly announced
consideration for possible downgrade by either of the Rating Agencies).

“Change of Control” means
the occurrence of any of the following: (1) the direct or indirect sale,
transfer, conveyance or other disposition (other than by way of merger or
consolidation), in one or a series of related transactions, of all or
substantially all of the properties or assets of the Company and its
subsidiaries taken as a whole to any “person” (as that term is used in Section
13(d)(3) of the Exchange Act), other than the Company or one of its
subsidiaries; (2) the consummation of any transaction (including, without
limitation, any merger or consolidation) the result of which is that any “person”
(as that term is used in Section 13(d)(3) of the Exchange Act) becomes the
beneficial owner, directly or indirectly, of more than 50% of the then
outstanding number of shares of the Company’s voting stock; or (3) the first
day on which a majority of the members of the Company’s Board of Directors are
not Continuing Directors; provided, however, that a transaction
will not be deemed to involve a Change of Control if the Company becomes a
wholly owned subsidiary of a holding company and the holders of the voting
stock of such holding company immediately following that transaction are
substantially the same as the holders of the Company’s voting stock immediately
prior to that transaction.  For purposes
of the foregoing definition, “voting stock” means capital stock of any class or
kind the holders of which are ordinarily, in the absence of contingencies,
entitled to vote for the election of directors (or persons performing similar
functions) of the Company, even if the right so to vote has been suspended by
the happening of such a contingency.

“Change of Control
Triggering Event” means the occurrence of both a Change of Control and a Below
Investment Grade Rating Event.

“Continuing Directors”
means, as of any date of determination, any member of the Board of Directors of
the Company who (1) was a member of such Board of Directors on the date of the
issuance of the Securities; or (2) was nominated for election or elected to
such Board of Directors with the approval of a majority of the Continuing
Directors who were members of such Board of Directors at the time of such
nomination or election (either by a specific vote or by approval of the Company’s
proxy statement in which such member was named as a nominee for election as a
director, without objection to such nomination).

“Investment Grade Rating” means a rating by Moody’s
equal to or higher than Baa3 (or the equivalent under any successor rating
category of Moody’s) and a rating by S&P equal to or higher than BBB- (or
the equivalent under any successor rating category of S&P).

“Moody’s” means Moody’s Investors Service Inc.

“Rating Agencies” means (1) both of Moody’s and
S&P (to the extent each of them is then rating the Securities); and (2) if
either or both of Moody’s or S&P ceases to rate the Securities or fails to
make a rating of the Securities publicly available for reasons outside of the
Company’s control, a “nationally recognized statistical rating organization”
within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act, selected
by the Company (as certified by a resolution of the Company’s Board of
Directors) as a replacement agency for either of Moody’s or S&P, or both of
them, as the case may be.

“S&P” means Standard
& Poor’s Ratings Services, a division of McGraw-Hill Companies Inc.

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

If an Event of Default
with respect to Securities of this series shall occur and be continuing, the
principal of the Securities of this series may be declared due and payable in
the manner and with the effect provided in the Indenture.

The Indenture
permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of
the Holders of the Securities of each series to be affected under the Indenture
at any time by the Company and the Trustee with the consent of the Holders of a
majority in principal amount of the Securities at the time Outstanding of each
series to be affected.  The Indenture
also contains provisions permitting the Holders of specified percentages in
principal amount of the Securities of each series at the time Outstanding, on
behalf of the Holders of all Securities of such series, to waive compliance by
the Company with certain provisions of the Indenture and certain past defaults
under the Indenture and their consequences. 
Any such consent or waiver by the Holder of this Security shall be
conclusive and binding upon such Holder and upon all future Holders of this
Security and of any Security issued upon the registration of transfer of this
Security or in exchange for or in lieu of this Security, whether or not
notation of such consent or waiver is made upon this Security.

As provided in and
subject to the provisions of the Indenture, the Holder of this Security shall
not have the right to institute any proceeding with respect to the Indenture or
for the appointment of a receiver or trustee or for any other remedy thereunder,
unless such Holder shall have previously given the Trustee written notice of a
continuing Event of Default with respect to the Securities of this series, the
Holders of not less than 25% in principal amount of the Securities of this
series at the time Outstanding shall have made written request to the Trustee
to institute proceedings in respect of such Event of Default as Trustee and
offered the Trustee reasonable indemnity, and the Trustee shall not have
received from the Holders of a majority in principal amount of Securities of
this series at the time Outstanding a direction inconsistent with such request,
and shall have failed to institute any such proceeding, for 60 days after
receipt of such notice, request and offer of indemnity. The foregoing shall not
apply to any suit instituted by the 

Holder of this Security
for the enforcement of any payment of principal hereof or any premium or
interest hereon on or after the respective due dates expressed herein.

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

As provided in the
Indenture and subject to certain limitations therein set forth, the transfer of
this Security is registrable in the Security Register, upon surrender of this
Security for registration of transfer at the office or agency of the Company in
any place where the principal of and any premium and interest on this Security
are payable, 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 and of like tenor, of
authorized denominations and for the same aggregate principal amount, 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 therein set forth, Securities of this series are
exchangeable for a like aggregate principal amount of Securities of this series
and of like tenor of a different authorized denomination, as requested by the
Holder surrendering the same.

No service charge
shall be made for any such registration of transfer or exchange, but the
Company may require payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.  Prior to due presentment of this Security for
registration of transfer, the Company, the Trustee and any agent of the Company
or the Trustee may treat the Person in whose name this Security is registered
as the owner hereof for all purposes, whether or not this Security be overdue,
and neither the Company, the Trustee nor any such agent shall be affected by
notice to the contrary.

The
Company, the Trustee, and any Paying Agent may deem and treat the registered
Holder hereof as the absolute owner of this Security at his, her or its address
as it appears on the register books of the Company as kept by the Trustee or
duly authorized agent of the Company (whether or not this Security shall be
overdue), for the purpose of receiving payment of or on account hereof and for
all other purposes, and neither the Company nor the Trustee nor any Paying
Agent shall be affected by any notice to the contrary.  All payments made to or upon the order of
such registered Holder shall, to the extent of the sum or sums paid,
effectively satisfy and discharge liability for moneys payable on this Security.

All
terms used in this Security which are defined in the Indenture shall have the
meanings assigned to them in the Indenture.

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

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

	
  Dated:   April 26, 2007

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  THE TORO COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Stephen P. Wolfe

  	
   

  
	
   

  	
  Name:

  	
  Stephen P. Wolfe

  
	
   

  	
  Title:

  	
  Chief Financial Officer

  
						

 

The Trustee’s certificates of authentication shall be
in substantially the following form:

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

	
  Dated:   April 26, 2007

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THE BANK OF NEW YORK TRUST 

  COMPANY, N.A., as Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ D. G. Donovan

  	
   

  
	
   

  	
  Authorized Signatory: D. G. Donovan

  

 

ABBREVIATIONS

The following
abbreviations, when used in the inscription on the face of this instrument,
shall be construed as though they were written out in full according to
applicable laws or regulations.

	
  TEN COM - 

  	
  as tenants

  	
  UNIF GIFT MIN ACT - . . .Custodian..

  
	
   

  	
  in common

  	
   

  	
  (Cust) (Minor)

  
	
  TEN ENT - 

  	
  as tenants by

  	
   

  	
  Under Uniform Gifts to

  
	
   

  	
  the entireties

  	
   

  	
  Minor Act

  
	
  JT TEN -

  	
  as joint tenants

  	
   

  
	
   

  	
  with right of

  	
   

  
	
   

  	
  survivorship and

  	
   

  	
   

  	
   

  
	
   

  	
  not as tenants in

  	
   

  	
  (State)

  
	
   

  	
  Common

  	
   

  

 

Additional abbreviations
may also be used though not in the above list.

	
  FOR VALUE RECEIVED, the undersigned hereby
  sell(s), assign(s) and transfer(s) unto

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (Please insert Social
  Security

  	
   

  	
   

  
	
  or other identifying

  	
   

  	
   

  
	
  number of Assignee)

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (Please print or typewrite name and address
  including postal zip code of Assignee)

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

the within Security of
THE TORO COMPANY and does hereby irrevocably constitute and appoint                                          
                                 attorney
to transfer the said Security on the books of the Company, with full power of
substitution in the premises.

	
  Dated:

  	
   

  	
   

  	
   

  	
   

  

 

[NOTICE:  The signature to this assignment must
correspond with the name as written upon the face of the within instrument in
every particular, without alteration or enlargement or any change whatever.]Exhibit
10.3

OWENS BROKERAGE, LTD.

Commercial &
Investment Properties

Property
Management

LEASE
EXTENSION - ANNEX SPACE

This Rider Amends
that original Lease dated June 1, 2003 between Kenilworth Systems Inc.
[Tenant] and Nassau County P.B.A. [Landlord] for tenancy at 185 Willis Avenue —
Mineola, N.Y...[second floor].

This Rider is
effective August 1, 2003
until May 31, 2006 and applies directly to the annexed space adjacent to
the original Lease premises.

All terms and
requirements of the aforementioned Lease prevail throughout this additional
period.  Consolidated rental for both suites will be $2,500.00 per
month.  This includes four percent
annual rental increase as well as proportionate taxes over the
base year.

Security
will increase to a total of $4,255.00.  Two months for the original space
and one month for the additional space.

	
  ACCEPTED:

  	
   

  	
  /s/ Herbert Lindo, President

  	
   

  	
  DATED:

  	
   

  	
  August 12, 2003

  
	
   

  	
   

  	
  KENILWORTH SYSTEMS INC {TENANT}

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ACCEPTED:

  	
   

  	
  /s/ Pete Owens, Agent for Landlord

  	
   

  	
  DATED:

  	
   

  	
  August 12, 2003

  
	
   

  	
   

  	
  NASSAU COUNTY P>B>A> {LANDLORD}

  	
   

  	
   

  	
   

  	
   

  

 

499 Jericho Tpke. *
Mineola, New York 11501

Tel: 516-294-0010 *
1-888-303-3847 * Fax: 516-294-1278

www.owensbrokerage.com

OWENS BROKERAGE, LTD.

Commercial &
Investment Properties

Property
Management

LEASE EXTENSION

THIS RIDER AMENDS THAT
ORIGINAL LEASE DATED 6/1/03 AND SUBSEQUENT EXTENSIONS/AMENDMENTS [IF ANY] BETWEEN KENILWORTH SYSTEMS INC. — [TENANT] and

THE NASSAU COUNTY P. B.A.
— MINEOLA, N.Y. {LANDLORD} AS FOLLOWS;

LEASE TERM EXTENDED FOR
THE PRESENT LOCATION OCCUPIED BY TENANT AT — 185 Willis Avenue — Mineola, NY.

	
  FROM

  	
  JUNE 1, 2006

  	
  TO:

  	
  MAY 31,
  2009 — [three year term]

  

 

TENANT WILL PROVIDE
UPDATED CERTIFICATE OF INSURANCE.

ALL OTHER TERMS
AND CONDITIONS INCLUDING INCREASES, TAX ADJUSTMENTS AND UTILITY CHARGES PREVAIL
AS HERETOFORE OR/UNLESS AMENDED.

	
  AGREED

  	
  Herbert Lindo

  	
  CHAIRMAN AND CEO

  
	
  [Tenant]

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  AGREED

  	
   

  	
   

  
	
  [Landlord]

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Dated.

  	
  September 7,
  2006

  	
   

  
						

 

499 Jericho Tpke. * Mineola,
New York 11501

Tel: 516-294-0010 *
1-888-303-3847 * 516-294-1278

www.owensbrokerage.com

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