Document:

Second Supplemental Indenture

 Exhibit 4.3 
 EXECUTION COPY 
  

 BJ SERVICES COMPANY 
 and 
 WELLS FARGO BANK, 
 NATIONAL ASSOCIATION, 
 AS TRUSTEE 
  

 SECOND SUPPLEMENTAL INDENTURE 
 Dated
as of June 8, 2006 
 to 
 Indenture dated as of June 8, 2006 
  

 $250,000,000 
 Floating Rate Senior Notes due 2008 
  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	ARTICLE I
	
	THE 2008 NOTES
			
	 SECTION 1.1
	  	Form	  	1
	 SECTION 1.2
	  	Title, Amount and Payment of Principal and Interest	  	2
	 SECTION 1.3
	  	Security Registrar and Paying Agent	  	3
	 SECTION 1.4
	  	Transfer and Exchange	  	3
	 SECTION 1.5
	  	Defeasance and Discharge	  	3
	 SECTION 1.6
	  	Amendment to Article Ten of the Original Indenture	  	3
	 SECTION 1.7
	  	Additional Definitions	  	4
	
	ARTICLE II
	
	REDEMPTION
			
	 SECTION 2.1
	  	Redemption	  	4
	
	ARTICLE III
	
	MISCELLANEOUS PROVISIONS
			
	 SECTION 3.1
	  	Table of Contents; Headings	  	4
	 SECTION 3.2
	  	Counterpart Originals	  	4
	 SECTION 3.3
	  	Governing Law	  	4
	 SECTION 3.4
	  	The Trustee	  	4
			
	 EXHIBIT A
	  	Form of 2008 Note	  	A-1

  

 i 

 THIS SECOND SUPPLEMENTAL INDENTURE dated as of June 8, 2006, is among BJ Services Company, a
Delaware corporation (the “Company”) and Wells Fargo Bank, National Association, a national banking association, as trustee (the “Trustee”). Each capitalized term used but not defined in this Second Supplemental Indenture shall
have the meaning assigned to such term in the Original Indenture (as defined below). 
 RECITALS: 
 WHEREAS, the Company has executed and delivered to the Trustee an Indenture, dated as of June 8, 2006 (the “Original Indenture” and as
supplemented by this Second Supplemental Indenture, the “Indenture”), providing for the issuance by the Company from time to time of its unsecured senior debentures, notes or other evidences of indebtedness, issued and to be issued in one
or more series unlimited as to principal amount (the “Securities”); 
 WHEREAS, the Company has duly authorized and desires to
cause to be issued pursuant to the Original Indenture and this Second Supplemental Indenture a series of Securities designated the “Floating Rate Senior Notes due 2008” (the “2008 Notes”); 
 WHEREAS, the Company desires to cause the issuance of the 2008 Notes pursuant to Sections 2.1, 3.1, 3.3 and 9.1(l) of the Original Indenture, which
sections permit the execution of indentures supplemental thereto to establish the form and terms of Securities of any series; 
 WHEREAS,
pursuant to Section 9.1 of the Original Indenture, the Company has requested that the Trustee join in the execution of this Second Supplemental Indenture to establish the form and terms of the 2008 Notes; 
 WHEREAS, all things necessary have been done to make the 2008 Notes, when executed by the Company and authenticated and delivered hereunder and under the
Original Indenture, the valid obligations of the Company and to make this Second Supplemental Indenture a valid agreement of the Company enforceable in accordance with its terms. 
 NOW, THEREFORE, the Company and the Trustee hereby agree that the following provisions shall supplement the Original Indenture: 
 ARTICLE I 
 THE 2008 NOTES

 SECTION 1.1 Form. The 2008 Notes (including the related Trustee’s certificate of authentication) shall be substantially in
the form of Exhibit A to this Second Supplemental Indenture, which is hereby incorporated into this Second Supplemental Indenture. The terms and provisions contained in the 2008 Notes shall constitute, and are hereby expressly made, a
part of this Second Supplemental Indenture and to the extent applicable, the Company and the Trustee, by their execution and delivery of this Second Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby.

 The 2008 Notes shall be issued only as registered Securities. The 2008 Notes shall be issued upon original issuance in whole in the form
of one or more Global Securities. Each 2008 Note issued upon original issuance in the form of Global Securities shall represent such of the 
  

 1 

 Outstanding 2008 Notes as shall be specified therein and shall provide that it shall represent the aggregate amount of
Outstanding 2008 Notes from time to time endorsed thereon and that the aggregate amount of Outstanding 2008 Notes represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges and redemptions. Any
endorsement of a 2008 Note in the form of Global Securities to reflect the amount, or any increase or decrease in the amount, of Outstanding 2008 Notes represented thereby shall be made by the Trustee in accordance with such written form of
instructions as is customary for the Depositary, from the Depositary or its nominee on behalf of any Person having a beneficial interest in the 2008 Note in the form of a Global Security. 
 The Company initially appoints The Depository Trust Company (“DTC”) to act as Depositary with respect to the 2008 Notes issued in the form of
Global Securities. 
 SECTION 1.2 Title, Amount and Payment of Principal and Interest. The 2008 Notes shall be entitled the
“Floating Rate Senior Notes due 2008.” The Trustee shall authenticate and deliver (i) 2008 Notes for original issuance on the date hereof (the “Original 2008 Notes”) in the aggregate principal amount of $250 million,
(ii) additional 2008 Notes for original issuance from time to time after the date hereof in such principal amounts as may be specified in the Company Order described in this sentence, in each case upon a Company Order for the authentication and
delivery thereof and satisfaction of the other provisions of Section 3.3 of the Indenture. Such order shall specify the amount of additional 2008 Notes to be authenticated, the date on which such additional 2008 Notes are to be issued and
authenticated, and the name or names of the initial Holder or Holders of such additional 2008 Notes. The aggregate principal amount of 2008 Notes that may be outstanding at any time may not exceed $250 million plus such additional principal amounts
as may be issued and authenticated pursuant to clause (ii) of this paragraph, except as otherwise provided in the Indenture. 
 The
principal amount of each 2008 Note shall be payable on June 1, 2008. Each 2008 Note shall bear interest from the date of original issuance, or the most recent date to which interest has been paid, at the Three-Month LIBOR Rate (defined in
Exhibit A to this Second Supplemental Indenture) plus 0.17%, as determined by the Calculation Agent (defined in Exhibit A to this Second Supplemental Indenture) in accordance with the terms set forth the form of 2008 Note
attached as Exhibit A to this Second Supplemental Indenture. The dates on which interest on the 2008 Notes shall be payable shall be March 1, June 1, September 1 and December 1 of each year, commencing
September 1, 2006 in the case of the Original 2008 Notes (the “Interest Payment Dates”). The regular record date for interest payable on the 2008 Notes on any Interest Payment Date shall be the
February 15, May 15, August 15 or November 15 (the “Regular Record Date”), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for
(“Defaulted Interest”) will forthwith cease to be payable to the Holder of a 2008 Note on such Regular Record Date and either may be paid to the Person in whose name such 2008 Note (or one or more Predecessor Securities) is registered at
the close of business on a special record date (the “Special Record Date”) for the payment of such Defaulted Interest to be fixed by the Trustee (referred to herein), notice whereof shall be given to the Holder of such 2008 Note not less
than ten days prior to such Special Record Date, or may be paid at any time in any other lawful manner, all as more fully provided in the Indenture. 
  

 2 

 Any payment of principal or interest required to be made on a day that is not a Business Day need not be
made on such day, but may be made on the next succeeding Business Day with the same force and effect as if made on such day and no interest shall accrue as a result of such delayed payment. 
 Payments of principal of, premium, if any, and interest due on the 2008 Notes representing 2008 Notes in the form of Global Securities on any Interest
Payment Date or at maturity will be made available to the Trustee by 11:00 a.m., New York City time, on such date, unless such date falls on a day which is not a Business Day, in which case such payments will be made available to the Trustee by
11:00 a.m., New York City time, on the next Business Day. As soon as possible thereafter, the Trustee will make such payments to the Depositary. 
 SECTION 1.3 Security Registrar and Paying Agent. The Company initially appoints the Trustee as Security Registrar and Paying Agent with respect to the 2008 Notes. The office or agency in the City and State of New York where 2008
Notes may be presented for registration of transfer or exchange and the Place of Payment for the 2008 Notes shall initially be Wells Fargo Corporate Trust, c/o DTC, 1st Floor, TADS Department, 55 Water Street, New York, New York 10041. 

SECTION 1.4 Transfer and Exchange. 
 (i) Transfer and Exchange of 2008 Notes in Definitive Form. The transfer and exchange of 2008 Notes issued in the form of a Definitive Security shall be effected in accordance with Section 3.5 of the Original Indenture.

 (ii) Transfer and Exchange of Global 2008 Notes. The transfer and exchange of 2008 Notes issued in the form of a Global Security,
or beneficial interests therein shall be effected through the Depositary, in accordance with Section 3.5 of the Original Indenture and Article I of this Second Supplemental Indenture (including any restrictions on transfer set forth therein and
herein) and the rules and procedures of the Depositary therefor, which shall include restrictions on transfer comparable to those set forth therein and herein to the extent required by the Securities Act of 1933, as amended. 
 SECTION 1.5 Defeasance and Discharge. The 2008 Notes shall be subject to satisfaction and discharge and to both legal defeasance and covenant
defeasance as contemplated by Article Thirteen of the Original Indenture. 
 SECTION 1.6 Amendment to Article Ten of the Original
Indenture. Pursuant to Section 9.1 of the Original Indenture, the following covenant of the Company is made solely in relation to the 2008 Notes by adding the following Section to Article Ten of the Original Indenture: 
 Section 10.9 Restriction on Use of Certain Proceeds. 
 The Company will not use the proceeds from the issuance of the 2008 Notes, whether directly or indirectly, and whether immediately,
incidentally or ultimately, to purchase or carry any “margin stock” (within the meaning of such term in Regulation U of the Federal Reserve Board of the United States of America (12 CFR 221)) in violation of Regulation U; provided
that the foregoing shall not apply to the Capital Stock of the Company. 
  

 3 

 SECTION 1.7 Additional Definitions. Pursuant to Section 9.1 of the Original Indenture, the
following the following terms are inserted into Section 1.1 of the Original Indenture in the appropriate alphabetical order and made applicable only to the 2008 Notes: 
 “2008 Notes” means the series of Securities designated the “Floating Rate Senior Notes due 2008” duly authorized by
the Company under the Second Supplemental Indenture. 
 “Second Supplemental Indenture” means the Second
Supplemental Indenture between the Company and the Trustee dated as of June 8, 2006 relating to the Company’s 2008 Notes. 
 ARTICLE II 
 REDEMPTION 
 SECTION 2.1 Redemption. The Company, at its option, may redeem the 2008 Notes in accordance with the provisions of numbered paragraph 3 on the reverse side of the form of 2008 Note set forth in Exhibit
A hereof. Except as provided in the foregoing sentence, the Company shall have no obligation to redeem, purchase or repay the 2008 Notes pursuant to any mandatory redemption, sinking fund or analogous provisions or at the option of a Holder
thereof. 
 ARTICLE III 
 MISCELLANEOUS PROVISIONS 
 SECTION 3.1 Table of Contents; Headings. The table of contents and headings of the
Articles and Sections of this Second Supplemental Indenture 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 3.2 Counterpart Originals. The parties may sign any number of copies of this Second Supplemental Indenture. Each signed copy shall be an
original, but all of them together represent the same agreement. 
 SECTION 3.3 Governing Law. THIS SECOND
SUPPLEMENTAL INDENTURE AND THE 2008 NOTES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 3.4 The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Second Supplemental Indenture or for or in respect of the recitals contained
herein, all of which recitals are made solely by the Company. 
 (Signature Page Follows) 
  

 4 

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

			
	BJ SERVICES COMPANY
		
	By:	 	 /s/ J. W. Stewart

	Name:	 	J. W. Stewart
	Title:	 	Chairman, President and Chief Executive Officer
		
	By:	 	 /s/ Jeffrey E. Smith

	Name:	 	Jeffrey E. Smith
	Title:	 	Vice President – Finance and Chief Financial Officer
	
	 WELLS FARGO BANK,
 NATIONAL
ASSOCIATION,
         as Trustee

		
	By:	 	 /s/ Christina Faith

	Name:	 	Christina Faith
	Title:	 	Vice President

  

 5 

 Exhibit A 
 FORM OF 2008 NOTE 
 [FACE OF SECURITY] 
 [Insert if a Global Security - 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 TRANSFERRED TO, OR REGISTERED OR EXCHANGED FOR SECURITIES REGISTERED IN THE NAME OF, ANY PERSON OTHER THAN THE DEPOSITARY OR A NOMINEE THEREOF AND NO SUCH TRANSFER
MAY BE REGISTERED, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY SECURITY AUTHENTICATED AND DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR OR IN LIEU OF, THIS SECURITY SHALL BE A GLOBAL SECURITY SUBJECT TO THE
FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES. 
 UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY,
A NEW YORK CORPORATION, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), 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. 
 TRANSFERS OF THIS GLOBAL SECURITY SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, 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 HEREIN.]  
 No.             

 BJ SERVICES COMPANY 
 FLOATING RATE SENIOR NOTE DUE 2008 
  

			
	 CUSIP No. : 055482 AG 6
	  	U.S. $                    [Insert if a Global Security - ,which
principal amount may be increased or decreased by the Schedule of Increases and Decreases in Global Security attached hereto.]

 BJ Services Company., a corporation duly incorporated under the laws of the State of Delaware
(herein called the “Company,” which term includes any successor or resulting Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to
                    [insert “Cede & Co.” if issued as a Global Security], or its registered
assigns, the principal sum of                      United States dollars, [insert if a Global Security - or such greater
or lesser principal sum as is shown on the attached Schedule of Increases and Decreases in Global Security], on June 1, 2008, and to pay interest thereon from June 8, 2006, or 
  

 A-1 

 from the most recent Interest Payment Date (defined herein) to which interest has been paid or duly provided for, at the
Three-Month LIBOR Rate (defined herein) plus 0.17%, as determined by the Calculation Agent (defined herein) in accordance with the next succeeding three paragraphs. The dates on which interest on the 2008 Notes shall be payable shall be
March 1, June 1, September 1 and December 1 of each year, commencing September 1, 2006 in the case of the Original 2008 Notes (the “Interest Payment Dates”), until the principal hereof is paid or made
available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is
registered as of 5:00 p.m., New York City time, on the Regular Record Date for such interest, which shall be the February 15, May 15, August 15 or November 15 (regardless of whether 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 (“Defaulted Interest”) will forthwith cease to be payable to the Holder on such Regular Record Date and either may 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 (the “Special Record Date”) for the payment of such Defaulted Interest to be fixed by the Trustee,
notice whereof shall be given to the Holder of this Security not less than ten days prior to such Special Record Date, or may be paid at any time in any other lawful manner, all as more fully provided in the Indenture. 
 The Three-Month LIBOR Rate will be reset quarterly on each Interest Payment Date (each of these such dates is referred to as an “Interest Reset
Date”), beginning on September 1, 2006. The interest rate for the first Interest Period shall be 5.42645%. 
 Interest payable on
each Interest Payment Date will include interest accrued from and including June 8, 2006, or from and including the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, to but excluding
such Interest Payment Date. Interest will be computed on the basis of a 360-day year and the actual number of days in an Interest Period (defined herein). All percentages resulting from any calculation of the interest rate with respect to the 2008
Notes will be rounded, if necessary, to the nearest one-hundred thousandth of a percentage point, with five one-millionths of a percentage point rounded upwards (for example, 9.876545% (or .09876545) being rounded to 9.87655% (or .0987655) and
9.876544% (or .09876544) being rounded to 9.87654% (or .0987654)), and all dollar amounts in or resulting from any such calculation will be rounded to the nearest cent (with one-half cent being rounded upwards). The interest rate for the 2008 Notes
will in no event be higher than the maximum rate permitted by New York law as the same may be modified by United States law of general application. 
 Promptly upon determination, the Calculation Agent shall inform the Trustee and the Company of the interest rate for the next Interest Period. The Calculation Agent will, upon the request of any Holder of 2008 Notes, provide the interest
rate then in effect, and, if determined, the interest rate with regards to the 2008 Notes which will become effective with respect to the next Interest Period. All calculations made by the Calculation Agent in the absence of manifest error shall be
conclusive for all purposes and binding on the Company and the Holders of 2008 Notes. 
  

 A-2 

 “Three-Month LIBOR Rate” means the rate for deposits in U.S. dollars for the three-month period
commencing on the applicable Interest Reset Date which appears on Telerate Page 3750 (defined below) at approximately 11:00 a.m., London time, on the second London Banking Day (defined below) prior to the applicable Interest Reset Date. If this rate
does not appear on Telerate Page 3750, the Calculation Agent will determine the rate on the basis of the rates at which deposits in U.S. dollars are offered by four major banks in the London interbank market (selected by the Calculation Agent) at
approximately 11:00 a.m., London time, on the second London Banking Day prior to the applicable Interest Reset Date to prime banks in the London interbank market for a period of three months commencing on that Interest Reset Date and in a principal
amount equal to an amount not less than $1,000,000 that is representative for a single transaction in such market at such time. In such case, the Calculation Agent will request the principal London office of each of the aforesaid major banks to
provide a quotation of such rate. If at least two such quotations are provided, the rate for that Interest Reset Date will be the arithmetic mean of the quotations, and, if fewer than two quotations are provided as requested, the rate for that
Interest Reset Date will be the arithmetic mean of the rates quoted by major banks in New York City, selected by the Calculation Agent, at approximately 11:00 a.m., New York City time, on the second London Banking Day prior to the applicable
Interest Reset Date for loans in U.S. dollars to leading European banks for a period of three months commencing on that Interest Reset Date and in a principal amount equal to an amount not less than $1,000,000 that is representative for a single
transaction in such market at such time. A “London Banking Day” is any Business Day in which dealings in U.S. dollars are transacted in the London interbank market. 
 “Telerate Page 3750” means the display page so designated on the Moneyline Telerate, Inc. (or such other page as may replace such page on that
service or any successor service for the purpose of displaying London interbank offered rates of major banks). 
 “Calculation
Agent” means the Trustee, until such time as the Company appoints a successor Calculation Agent. 
 “Interest Period” means
the period commencing on and including a given Interest Payment Date and ending on and including the day immediately preceding the next succeeding Interest Payment Date with the exception that the first Interest Period shall commence on June 8,
2006 and end on August 31, 2006. 
 Any payment of principal or interest required to be made on a day that is not a Business Day need
not be made on such day, but may be made on the next succeeding Business Day with the same force and effect as if made on such day and no interest shall accrue as a result of such delayed payment. For purposes of this Security, “Business
Day” means any day that, in the city of the principal Corporate Trust Office of the Trustee and in the City of New York, is neither a Saturday, Sunday, or legal holiday nor a day on which banking institutions are authorized or required by law
or regulation to close. 
 Payments of principal of, premium, if any, and interest due on the 2008 Notes representing 2008 Notes in the form
of Global Securities on any Interest Payment Date or at maturity will be made available to the Trustee by 11:00 a.m., New York City time, on such date, unless such date falls on a day which is not a Business Day, in which case such payments will be
made available to the Trustee by 11:00 a.m., New York City time, on the next Business Day. As soon as possible thereafter, the Trustee will make such payments to the Depositary. 
  

 A-3 

 Payments in respect of this Security, if in the form of a Global Security (including principal, premium,
if any, and interest) will be made by wire transfer of immediately available funds to the accounts specified by the Depositary. Payments in respect of this Security, if in the form of a Definitive Security (including principal, premium, if any, and
interest) will be made at the office or agency of the Company maintained for such purpose within The City of New York, which initially will be Wells Fargo Corporate Trust, c/o DTC, 1st Floor, TADS Department, 55 Water Street, New York, New York
10041, or, at the option of the Company, payment of interest may be made by check mailed to the Holders on the relevant record date at their addresses set forth in the Security Register of Holders or at the option of the Holder, payment of interest
on a Definitive Security will be made by wire transfer of immediately available funds to any account maintained in the United States, provided such Holder has requested such method of payment and provided timely wire transfer instructions to the
Paying Agent. The Holder must surrender this Security to a Paying Agent to collect payment of principal. 
 This Security is issued in
respect of a series of Securities of an initial aggregate of $250 million in principal amount designated as the Floating Rate Senior Notes due 2008 of the Company and is governed by the Indenture dated as of June 8, 2006 (the “Original
Indenture”), duly executed and delivered by the Company, as issuer, to Wells Fargo Bank, National Association, as trustee (the “Trustee”), as supplemented by the Second Supplemental Indenture dated as of June 8, 2006, duly
executed by the Company and the Trustee (the “Second Supplemental Indenture”, and together with the Original Indenture, the “Indenture”). The terms of the Indenture are incorporated herein by reference. This Security shall in all
respects be entitled to the same benefits as Securities under the Indenture. 
 The statements in the legends set forth in this Security are
an integral part of the terms of this Security and by acceptance hereof the Holder of this Security agrees to be subject to, and bound by, the terms and provisions set forth in each such legend. 
 Reference is made to the further provisions of this Security set forth on the reverse hereof. Such further provisions shall for all purposes have the
same effect as though fully set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the Trustee
referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
 (Signature Page Follows) 
  

 A-4 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed by its authorized officer.

 Dated:
                         
  

					
		 	BJ SERVICES COMPANY
			
		 	By:	 	  
		 	Name:	 	  
		 	Title:	 	  
		 		 	
	
	TRUSTEE’S CERTIFICATE OF AUTHENTICATION:
	
	 This is one of the Securities of the series designated herein referred to in the within-mentioned Indenture.

		
		 	 WELLS FARGO BANK, NATIONAL ASSOCIATION,
         as Trustee

			
		 	By:	 	  
		 		 	Authorized Signatory

  

 A-5 

 [REVERSE OF SECURITY] 
 BJ SERVICES COMPANY 
 FLOATING RATE SENIOR NOTE DUE 2008 
 This Security is one of a duly authorized issue of senior securities of the Company (herein called the “Securities”), issued and to be issued
in one or more series under the Indenture, to which Indenture and all indentures supplemental thereto reference is hereby made for a statement, of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the
Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. As provided in the Indenture, the Securities may be issued in one or more series, which different series may be
issued in various aggregate principal amounts, may mature at different times, may bear interest, if any, at different rates, may be subject to different redemption provisions, if any, may be subject to different sinking, purchase or analogous funds,
if any, may be subject to different covenants and Events of Default and may otherwise vary as in the Indenture provided or permitted. This Security is one of a series designated as the Floating Rate Senior Notes due 2008 of the Company, issued in an
initial aggregate principal amount of $250 million (the “2008 Notes”). 
 1. Paying Agent and Security Registrar.

 Initially, Wells Fargo Bank, National Association will act as Paying Agent and Security Registrar. The Company may change any Paying Agent
or Security Registrar at any time upon notice to the Trustee and the Holders. The Company may act as Paying Agent. 
 2. Indenture.

 Except as otherwise defined herein, all terms used in this Security which are defined in the Indenture shall have the meanings assigned to
them in the Indenture. The terms of the 2008 Notes include those stated in the Original Indenture, those made part of the Indenture by reference to the Trust Indenture Act, as in effect on the date of the Original Indenture, and those terms stated
in the Second Supplemental Indenture. The 2008 Notes are subject to all such terms, and Holders of 2008 Notes are referred to the Original Indenture, the Second Supplemental Indenture and the Trust Indenture Act for a statement of them. The 2008
Notes are general unsecured obligations of the Company limited to an initial aggregate principal amount of $250 million; provided, however, that the authorized aggregate principal amount of the 2008 Notes may be increased from time to time as
provided in the Second Supplemental Indenture. 
 3. Optional Redemption. 
 The 2008 Notes are redeemable, in whole or in part, at the Company’s option, on any Interest Payment Date, on or after June 1, 2007, at a
redemption price (the “Redemption Price”) equal to 100% of the principal amount of the 2008 Notes to be redeemed, plus accrued and unpaid interest on the principal amount of 2008 Notes being redeemed to the Redemption Date. 
 Except as set forth above, the 2008 Notes will not be redeemable prior to their Stated Maturity and will not be entitled to the benefit of any sinking
fund. 
  

 A-6 

 2008 Notes called for optional redemption become due on the Redemption Date. Notices of optional
redemption will be given by first-class mail, postage prepaid, at least 30 but not more than 60 days before the Redemption Date, to each Holder of the 2008 Notes to be redeemed, at its address as shown in the Security Register. The notice of
optional redemption for the 2008 Notes will state, among other things, the aggregate principal amount of such 2008 Notes to be redeemed, the Redemption Date, the Redemption Price and the place(s) where payment will be made upon presentation and
surrender of 2008 Notes to be redeemed. Unless the Company defaults in payment of the Redemption Price, interest will cease to accrue on the Redemption Date with respect to any 2008 Notes that have been called for optional redemption. If less than
all the 2008 Notes are redeemed at any time, the Trustee will select the 2008 Notes to be redeemed on a pro rata basis or by any other method the Trustee deems fair and appropriate. 
 The 2008 Notes may be redeemed in part in multiplies of $1,000 only. In the event of redemption of this Security in part only, a new 2008 Note or 2008
Notes of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 
 Any
such redemption will also comply with Article Eleven of the Indenture. 
 4. Denominations; Transfer; Exchange. 
 The 2008 Notes are to be issued in registered form, without coupons, in denominations of $1,000 and integral multiples of $1,000 in excess thereof. A
Holder may register the transfer of, or exchange, 2008 Notes in accordance with the Indenture. The Security Registrar 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. 
 5. Person Deemed Owners. 
 The registered Holder of a 2008 Note may be treated as the owner of it for all purposes. 
 6. Amendment; Supplement; Waiver. 
 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 then Outstanding Securities of each series to be affected, with each such series voting as a separate series. 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 hereof or in exchange herefor or in lieu hereof, regardless of whether notation of such consent or waiver is made upon this Security. 
  

 A-7 

 7. Obligation Absolute. 
 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 premium, if any) and interest on this Security at the times, place(s) and rate, and in the coin or currency, herein prescribed. 
 8. Acceleration of Principal. 
 If an
Event of Default with respect to 2008 Notes shall occur and be continuing, the principal of the 2008 Notes may be declared due and payable in the manner and with the effect provided in the Indenture. 
 9. Registration, Transfer and Exchange. 
 If this Security is a Global Security, (a) this Global Security or portion hereof may not be exchanged for Definitive Securities of this series except in the limited circumstances provided in the Indenture and (b) the holders of
beneficial interests in this Global Security will not be entitled to receive physical delivery of Definitive Securities except as described in the Indenture and will not be considered the Holders thereof for any purpose under the Indenture.

 If this Security is a Definitive Security, as provided in the Indenture and subject to certain limitations therein set forth, the transfer
of this Security is registerable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in The City of New York which initially will be Wells Fargo Corporate Trust, 45 Broadway,
12th Floor, New York, New York 10006, Attn: Worldwide Securities Services, 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 U.S. $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, regardless of whether this Security be overdue, and none of the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 
  

 A-8 

 10. Trustee Dealings with Company. 
 The Trustee under the Indenture, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the Company or
its Affiliates or any subsidiary of the Company’s Affiliates, and may otherwise deal with the Company or its Affiliates as if it were not the Trustee. 
 11. Authentication. 
 This Security shall not be valid until the Trustee signs the certificate of
authentication on the other side of this Security. 
 12. Abbreviations and Defined Terms. 
 Customary abbreviations may be used in the name of a Holder of a Security or an assignee, such as: TEN COM (tenant 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). 
 13. CUSIP Numbers. 
 Pursuant to a recommendation promulgated by the Committee on Uniform Note
Identification Procedures, the Company has caused CUSIP numbers to be printed on the 2008 Notes as a convenience to the Holders of the 2008 Notes. No representation is made as to the accuracy of such number as printed on the 2008 Notes, and reliance
may be placed only on the other identification numbers printed hereon. 
 14. No Recourse Against Certain Persons. 
 No recourse under or upon any obligation, covenant or agreement of or contained in the Indenture or of or contained in any Security, or for any claim
based thereon or otherwise in respect thereof, or in any Security, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, shareholder, member, officer, manager or director, as such, past, present
or future, of the Company or of any successor Person, either directly or through the Company or any successor Person, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment, penalty or otherwise; it
being expressly understood that all such liability is hereby expressly waived and released by the acceptance hereof and as a condition of, and as part of the consideration for, the Securities and the execution of the Indenture. 
 15. Defeasance. 
 The Indenture
provides that the Company (a) will be discharged from any and all obligations in respect of the Securities (except for certain obligations described in the Indenture), or (b) need not comply with certain restrictive covenants of the
Indenture, in each case if the Company deposits, in trust, with the Trustee money or U.S. Government Obligations (or a combination thereof) which through the payment of interest thereon and principal thereof in accordance with their terms will
provide money, in an amount sufficient to pay all the principal of and interest on the Securities, but such money need not be segregated from other funds except to the extent required by law. 
  

 A-9 

 16. Governing Law. 
 This Security shall be construed in accordance with and governed by the laws of the State of New York. 
  

 A-10 

 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 in common	 	UNIF GIFT MIN ACT –
                            
		 		 		 	                                       
         (Cust.)
				
	TEN ENT	 	–	 	as tenants by entireties	 	Custodian for:
                                       
     
		 		 		 	                                       
 (Minor)
		 		 		 	under Uniform Gifts to
				
	    JT TEN	 	–	 	as joint tenants with right of survivorship and not as tenants in common	 	 Minors Act of
                                       
     
                                        
     (State)

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

 A-11 

 ASSIGNMENT 
 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 type name and address including postal zip code of assignee 
  
  

  
  

 the within Security and all rights thereunder, hereby irrevocably constituting and appointing 
  
  

 to transfer said Security on the books of the Company, with full power of substitution in the premises. 
  

							
	 Dated
	 	  
	 		  	  

		 		 		  	Registered Holder                    

  

			
	 Signature Guarantee*:
	 	  

  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  

 A-12 

 SCHEDULE OF INCREASES AND DECREASES 
 IN GLOBAL SECURITY* 
 The following increases or decreases in this Global Security have been made: 
  

									
	 Date of Exchange
	  	Amount of
Decrease in
Principal
Amount of this
Global Security	  	 Amount of
Increase in
Principal Amount
of
this
 Global Security
	  	 Principal Amount
of this
Global
Security following
such decrease
 (or increase)
	  	Signature of
authorized officer
of Trustee or
Depositary
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  

	*	To be added as a separate page, if a Global Security. 

  

 A-13Form of Floating Rate Notes

 EXHIBIT 4.1 
 THIS SECURITY IS AN UNSECURED SENIOR DEBT OBLIGATION OF MATTEL, INC. THIS SECURITY IS NOT A DEPOSIT OR SAVINGS ACCOUNT AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL
AGENCY OR INSTRUMENTALITY. 
 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 (“DTC”), TO MATTEL, INC., OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

 MATTEL, INC. 
 Floating Rate Senior Notes due June 15, 2009 
  

			
	 No. 001
	 	$100,000,000
	 CUSIP NO. 577081AQ5
	 	
	 ISIN NO. US577081AQ58
	 	

 MATTEL, INC., 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
Million Dollars ($100,000,000) on June 15, 2009, and to pay interest thereon from June 13, 2006 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, quarterly on
March 15, June 15, September 15 and December 15 in each year (each such date, an “Interest Payment Date”), commencing September 15, 2006. Interest will accrue at the Floating Interest Rate (as defined
below), until the principal hereof is paid or made available for payment. Any such installment of interest that is overdue at any time shall also bear interest (to the extent that the payment of such interest shall be legally enforceable), at the
rate per annum at which the principal then bears interest, from the date any such overdue amount first becomes due until it is paid or made available for payment. Notwithstanding the foregoing, interest on any principal, or installment of interest
that is overdue 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 May 31, August 31, November 30 or February 28 (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. 
 The Floating Interest Rate shall be, for each
interest period, a per annum rate in effect pursuant to the terms of this Security during such interest period equal to LIBOR (as defined below) plus 40 basis points, as determined by the Calculation Agent (as defined below). This Security will bear
interest at the Three-Month LIBOR Rate (defined below) plus 0.40%. Interest on this note will be computed and paid 

  

 -2- 

 
on the basis of a 360 day year and the actual number of days in each quarterly interest payment period. 
 The Three-Month LIBOR Rate will be the offered rate appearing on the Telerate LIBOR page, as of 11:00 A.M., London time, on the relevant interest
determination date, for deposits of U.S. dollars for a period of three months beginning on the relevant interest reset date. The Telerate LIBOR page is Telerate page 3750 or any replacement page or pages on which London interbank rates of major
banks for the U.S. dollar are displayed. When we refer to a particular heading or headings on this page, those references include any successor or replacement heading or headings, as determined by the calculation agent. 
 If the rate described above does not appear on the Telerate LIBOR page, then LIBOR will be determined on the basis of the rates, at approximately 11:00
A.M., London time, on the relevant interest determination date, at which deposits of the following kind are offered to prime banks in the London interbank market by four major banks in that market selected by the calculation agent: deposits of U.S.
dollars for a period of three months beginning on the relevant interest reset date and in a representative amount. The calculation agent will request the principal London office of each of these banks to provide a quotation of its rate. If at least
two quotations are provided, LIBOR for the relevant interest determination date will be the arithmetic mean of the quotations. 
 If fewer
than two quotations are provided as described in the immediately preceding paragraph, LIBOR for the relevant interest determination date will be the arithmetic mean of the rates for loans of the following kind to leading European banks quoted, at
approximately 11:00 A.M., in New York on that interest determination date, by three major banks in New York selected by the calculation agent: loans of U.S. dollars for a period of three months, beginning on the relevant interest reset date and in a
representative amount. 
 If fewer than three banks selected by the calculation agent are quoting as described in the immediately preceding
paragraph, LIBOR for the new interest period will be LIBOR in effect for the prior interest period. If the initial base rate has been in effect for the prior interest period, however, it will remain in effect for the new interest period. 

The reference banks and dealers employed by the calculation agent in determining the base rate may include the calculation agent itself and its
affiliates. 
 The interest determination date relating to (i) the period from June 13, 2006 to the first Interest Payment Date
will be June 9, 2006, and (ii) a particular interest reset date on or after June 15, 2006 will be the second London business day preceding such interest reset date, subject to the Business Day Convention. The interest reset dates

  

 -3- 

 
shall be the same as the Interest Payment Dates, except for the maturity date, which shall not be an interest reset date. 
 “Business Day Convention” means if any interest reset date, interest determination date or interest payment date (other than the maturity date)
would otherwise be a day that is not a business day, the relevant date will be postponed to the next day that is a business day, provided, however, that, if that date would fall in the next succeeding calendar month, such date will be the
immediately preceding business day. 
 “Business Day” means any day that is a New York business day and a London business day,
provided that, solely with respect to any payment or other action to be made or taken at any place of payment outside New York City, is also a Monday, Tuesday, Wednesday, Thursday or Friday that is not a day on which banking institutions, generally,
are authorized or obligated by law, regulation or executive order to close in the place of payment. 
 “London business day” means
any day on which dealings in U.S. dollars are transacted in the London interbank market. 
 “New York business day” means each
Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in New York City generally are authorized or obligated by law, regulation or executive order to close. 
 The calculation agent will, upon the request of the holder of any of these notes, provide the interest rate then in effect. The calculation agent is
initially the Trustee until such time as we appoint a successor calculation agent. All calculations made by the calculation agent in the absence of manifest error will be conclusive for all purposes and binding on us and the holders of this note.

 All percentages resulting from any calculation of the interest rate with respect to the three year notes will be rounded, if necessary, to
the nearest one-hundred thousandth of a percentage point, with five one-millionths of a percentage point rounded upwards (for example, 9.876545% (or .09876545) being rounded to 9.87655% (or .0987655) and 9.876544% (or .09876544) being rounded to
9.87654% (or .0987654)), and all dollar amounts in or resulting from any such calculation will be rounded to the nearest cent (with one-half cent being rounded upwards). 
 The Trustee shall act as Paying Agent with respect to the Securities of this series. 
 Payment of the
principal of and interest on this Security will be made at the office or agency of the Company maintained for that purpose in the City and State of New York, or at such other agency as the Company may determine, 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 

  

 -4- 

 
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.

 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. 
 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, directly or through an Authenticating Agent, by manual signature of an authorized signatory, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

  

 -5- 

 IN WITNESS WHEREOF, the Company has caused this instrument
to be duly executed under its corporate seal. 
 Dated: June 13, 2006 
  

			
	 MATTEL, INC.

		
	By	 	  
		 	 Name:

		 	 Title:

 This is one of the Securities of the series designated therein referred to in the
within-mentioned Indenture. 
 Dated: June 13, 2006 
  

			
	 J.P. MORGAN TRUST COMPANY,
 NATIONAL ASSOCIATION
 As
Trustee

		
	By	 	  
		 	Authorized Officer

  

 -6- 

 [Form of Reverse of Note] 
 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 a Senior Debt Indenture, dated as of
February 15, 1996 (herein called the “Indenture,” which term shall have the meaning assigned to it in such instrument), between the Company and J.P. Morgan Trust Company, National Association, as Trustee (herein called the
“Trustee,” which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture 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 Securities of this series may not be redeemed prior to maturity. 
 The Indenture contains provisions for defeasance at any time of the entire indebtedness on 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. 
 The Securities do not have the benefit of any sinking fund obligations.

 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
hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 
 As set
forth in, and subject to, the provisions of the Indenture, no Holder of any Security of this series will have any right to institute any proceeding with respect to the Indenture, this Security or for any remedy thereunder, unless (i) such
Holder shall have previously given to the Trustee written notice of a continuing Event of Default with 

  

 -7- 

 
respect to the Securities of this series, (ii) the Holders of not less than 25% in principal amount of the Outstanding Securities of this series shall
have made written request, and offered reasonable indemnity, to the Trustee to institute such proceeding as trustee, and (iii) the Trustee shall not have received from the Holders of a majority in principal of the Outstanding Securities of this
series a direction inconsistent with such request and shall have failed to institute such proceeding within 60 days; provided, however, that such limitations do not apply to a suit instituted by the Holder hereof for the enforcement of
payment of the principal or any interest on this Security 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 interest on this Security at the times, place and rate, and in
the coin or currency, herein prescribed. 
 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 Indenture and the Securities shall be governed by and construed in accordance with the laws of the State of California, but without regard to
principles of conflict of laws. 
 All terms used in this Security which are defined in the Indenture shall have the meanings assigned to
them in the Indenture. 
  

 -8-

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