Document:

Form of Warrant Certificate for Subordinate Debt

 Exhibit 4.10 
 Exhibit D to 
 Warrant Agreement 
  
 Form of Warrant Certificate 
 For Series [    ] Subordinated Debt 
  
 MATRIX SERVICE COMPANY 
  
 SERIES [    ] WARRANTS 
  
 WARRANT
CERTIFICATE TO ACQUIRE SERIES [    ] SUBORDINATED DEBT OF 
 MATRIX SERVICE COMPANY 
  
 Void After 4:00 P.M. New York City, New York Time 
 on                      (the “Expiration
Date”) 
  

			
	 REGISTERED
NUMBER:                            
	 	CUSIP:                            

  
 THIS WARRANT IS PART OF A UNIT

 AND MAY NOT BE TRADED SEPARATELY 
 UNTIL THE SEPARATION DATE:
 ̈ Yes  ̈ No 
  
 THE SEPARATION DATE
IS:                     
  
 THE SERIES [    ] SUBORDINATED DEBT PURCHASABLE UPON THE EXERCISE OF THIS WARRANT IS SUBORDINATED TO THE OBLIGATIONS (INCLUDING INTEREST) OWED BY
THE COMPANY TO ALL SENIOR DEBT; AND EACH HOLDER HEREOF UPON THE EXERCISE OF THIS WARRANT SHALL, BY ITS ACCEPTANCE OF SUCH SERIES [    ] DEBT, BE BOUND BY THE PROVISIONS OF THE SUBORDINATION SET FORTH IN THE INDENTURE REFERRED TO
BELOW. 
  
 THIS CERTIFIES THAT 
  
 is the registered holder of [spell out number] (insert numerical number) Series
[    ] Warrants (the “Warrants”) of MATRIX SERVICE COMPANY, a Delaware corporation (the “Company”). Each Warrant entitles the holder thereof the right to purchase at any time after [insert Exercise Date] (the
“Exercise Date”) and on or before 4:00 P.M. New York City, New York time on [insert Expiration Date] (the “Expiration Date”),
$                     of the principal amount (the “Debt Portion”) of the Series [    ] Subordinated Debt (the
“Series [    ] Subordinated Debt”), of the Company upon payment therefor in cash at the rate initially of [spell out exercise price][insert numerical number] per Debt Portion of such Series
[    ] Subordinated Debt (the “Exercise Price”), subject to the adjustments, terms and conditions herein and in the Warrant Agreement between the Company and [insert name of Warrant Agent], as Warrant Agent,
dated as of                     , 200   (as the same may from time to time be amended, the “Warrant Agreement”). If
at any time no other Warrant Agent is acting for the Company, the Company shall be deemed the Warrant Agent. The Series [    ] Subordinated Debt is issuable by the Company pursuant to a Senior Note Indenture, dated as of
                    , 200  , by and between the Company and
                    , as Trustee (as the same may from time to time be amended, the “Indenture”). A total of
$                     of principal amount of Series [    ] Subordinated Debt has been authorized for issuance under the
Indenture. 
  

 This Warrant Certificate is issued pursuant to the terms and provisions of the Warrant Agreement and each
holder of a Warrant is entitled to the benefits thereof. The Warrant Agreement provides, among other things, for adjustment of the Exercise Price and of the Debt Portion of the Series [    ] Subordinated Debt issuable upon
exercise of this Warrant Certificate in certain events, including the issuance of Series [    ] Subordinated Debt as a stock dividend; sub-divisions, combinations and reclassifications of the Series [    ]
Subordinated Debt; the distribution to all holders of Series [    ] Subordinated Debt of evidences of indebtedness, assets or rights to subscribe to any of the foregoing; and certain mergers, consolidations and sales of
substantially all the assets of the Company. Upon each such adjustment, notice thereof will be given by filing a statement thereof with the Warrant Agent and by mailing a copy of such notice to all registered holders of Warrant Certificates.

  
 No denominations of Series [    ]
Subordinated Debt less than the initial amount of the Debt Portion will be issued upon the exercise of a Warrant; instead, the Warrant holder will, subject to any limitations contained in the Indenture, including the subordination provisions of the
Indenture, be entitled to receive cash for such lesser denomination in an amount equal to the principal amount thereof. 
  
 The Series [    ] Subordinated Debt issuable to a holder of this Warrant upon the exercise hereof is, to the extent and in the manner
provided in the Indenture, subordinate and junior in right of payment to the prior payment in full in cash (or as otherwise agreed) of all Senior Debt of the Company. Any holder by accepting such Series [    ] Subordinated Debt
agrees to and shall be bound by such subordination provisions and authorizes the Trustee under the Indenture to give them effect and appoints the Trustee its attorney-in-fact for such purposes. In addition to all other rights of Senior Debt
described in the Indenture, the Senior Debt shall continue to be Senior Debt and entitled to the benefits of the subordination provisions irrespective of any amendment, modification or waiver of any terms of any instrument relating to the Senior
Debt or any extension or renewal of the Senior Debt or increase in the amount thereof. 
  
 Each Warrant represented hereby may be exercised by the presentment and delivery of the following to the Warrant Agent at its Principal Office: 
  

	 	(a)	presentation and surrender of this Warrant Certificate with the Form of Exercise attached hereto duly completed and executed by the holder in whose name this Warrant Certificate is
registered. 

  

	 	(b)	delivery of proof reasonably satisfactory to the Warrant Agent as to the identity of the registered holder of this Warrant Certificate and as to the genuineness and effectiveness of
the signature of the registered holder. 

  

	 	(c)	delivery of proof reasonably satisfactory to the Warrant Agent as to the genuineness and effectiveness of the signature of the registered holder, including a guarantee of the
genuineness of the signature of the registered holder by a bank or by brokerage firm. 

  

	 	(d)	payment of the Exercise Price for the number of Warrants being exercised which may be by cash or by certified or official bank check or bank draft or money order payable to the
order of the Company. 

  

	 	(e)	if the Warrants or the Series [    ] Subordinated Debt issuable upon the exercise of the Warrants are being transferred to a person other than the registered
holder, a duly completed and executed Form of Assignment attached hereto or a separate instrument of transfer duly completed and executed by the registered holder with signature of the registered holder “guaranteed” as described in
paragraph (c) above. 

  

	 	(f)	In the event that the number of Warrants so exercised is less than the total number of Warrants evidenced by this Warrant Certificate, there will be issued to the person so
exercising the Warrants, or his registered assigns, a new Warrant Certificate representing the number of Warrants not exercised. 

  

 -2- 

 In the event of the liquidation, dissolution or winding-up of the Company, in cases where the property to
be distributed to the holders of Series [    ] Subordinated Debt of the Company consists principally of other than securities of another entity which shall have purchased all or substantially all of the Company’s assets, the
right to exercise Warrants shall terminate at the close of business on the fourth full business day before the earliest date fixed for the payment of any amount distributable on the Series [    ] Subordinated Debt of the Company;
provided that, at least 45 days prior thereto, notice of such payment date shall have been given by the Warrant Agent in writing to all registered holders of Warrant Certificates. Warrants shall terminate and shall be of no further force and
effect at such close of business on such fourth full business day. 
  
 Holders of Warrant Certificates, as such holders, shall have none of the rights that inure to the holder of Series [    ] Subordinated Debt, shall have no right, other than the right evidenced hereby, to purchase or
receive Series [    ] Subordinated Debt of the Company, shall not be entitled to subscribe to or purchase any additional debt or increased stock of the Company of any class, whether now or hereafter authorized, or obligations
convertible into any other series of debt, class or classes of stock, or debt or stock of any class convertible into debt or stock of any other class or classes, or debt, stock or other securities carrying warrants or rights to subscribe to debt or
stock of the Company of any class or classes, whether now or hereafter authorized. 
  
 This Warrant Certificate is transferable by the registered holder in person or by his duly authorized attorney on the books of the Company at the office of the Warrant Agent upon surrender of this Certificate with the
Form of Assignment attached hereto duly endorsed or with other appropriate instruments of transfer duly endorsed with signature guaranteed and payment of any transfer taxes or other governmental charges in connection with such transfer. 

 
 This Warrant Certificate is exchangeable for Warrant Certificates of
different authorized denominations at the Principal Office of the Warrant Agent upon surrender of this Warrant Certificate, duly endorsed or with appropriate instruments of transfer. Warrant Certificates issued upon transfers and exchanges shall be
issued only for full Warrants or an integral multiple thereof. Warrant Certificates that are surrendered to the Warrant Agent for transfer shall be canceled. 
  
 Unless sooner terminated as provided herein upon exercise or upon liquidation, dissolution or winding-up of the Company, the purchase rights under the
Warrants shall terminate on the Expiration Date and thereafter the Warrants represented by this Certificate shall be of no further force and effect. 
  
 THIS WARRANT CERTIFICATE IS NOT VALID UNLESS COUNTERSIGNED BY THE WARRANT AGENT. 
  
 IN WITNESS WHEREOF, the Company has caused this Warrant Certificate to be duly executed by the facsimile signature of the
proper officers of the Company. 
  
 Dated:
                     
  

			
	 MATRIX SERVICE COMPANY

		
	By:	 	 
	 	 	                    , President
		
	By:	 	 
	 	 	                    , Secretary

  

 -3- 

			
	Countersigned and Registered:
	
	[NAME OF WARRANT AGENT]
		
	By:	 	 
	 	 	 Authorized Officer

  

 -4- 

 FORM OF EXERCISE 
  
 The undersigned hereby irrevocably exercises          Warrants to subscribe for
and purchase the Debt Portion of the Series [    ] Subordinated Debt of the within named Company evidenced by this Warrant Certificate and herewith makes payment of the Exercise Price in full. Kindly issue certificates for Debt
Portion of such Series [    ] Subordinated Debt in accordance with the instructions given below. A Warrant Certificate for the unexercised balance of the Warrants evidenced by the within Warrants Certificate, if any, will be
registered in the name of the undersigned. 
  
 DATED:
                     
  
 Instructions for Registration of Series [    ] Subordinated Debt 
  
 _______________________ 
 Name (please print)

  
 _______________________ 
 Social Security or Other identifying Number; 
  
 ADDRESS: 
  
 _______________________ 
 Street 
  
 _______________________ 
 City, State and Zip Code 
  

 -5- 

 FORM OF ASSIGNMENT 
  
 (To be executed by the registered holder if such 
 holder desires to transfer the Warrant Certificate) 
  
 FOR VALUE RECEIVED,                      hereby sells, assigns and transfers unto 
  
 ________________________________________ 
 (Please print name and address of transferee) 
  
 this Warrant Certificate, together with all right, title and interest therein, and does hereby irrevocably constitute and appoint
                        , as Attorney-in-Fact, with full power and authority in the name. place and stead of the
registered holder of this Warrant Certificate to transfer the within Warrant Certificate on the books of the within named Company, with full power of substitution. 
  

					
			
	Dated:	 	 	 	  
	 	 	 	 	Signature of Registered Holder
	 	 	 	 	 (Signature must conform in all respects to name of the
 holder as specified on the face of this Warrant certificate)

			
	 	 	 	 	 
	 	 	 	 	Social Security or Tax I.D. No. of Holder

  

 -6-Second Amendment

 Exihibit 10.1 
  
 SECOND AMENDMENT 
  
 LEVI STRAUSS & CO. DEFERRED COMPENSATION

 PLAN FOR EXECUTIVES AND OUTSIDE
DIRECTORS 
  
 WHEREAS, Levi Strauss
& Co. (“LS&CO.”) maintains the Levi Strauss & Co. Deferred Compensation Plan for Executives and Outside Directors (the “Plan”) to provide a deferred compensation program for a select group of management, highly
compensated employees or directors; 
  
 WHEREAS, pursuant
to Section 11.1 of the Plan, LS&CO. is authorized to amend the Plan at any time and for any reason; and 
  
 WHEREAS, LS&CO. desires to amend the Plan, effective January 1, 2005, to (i) allow participants to make salary deferral contributions on
compensation that exceeds the Internal Revenue Code section 401(a)(17) compensation limit under the Employee Savings and Investment Plan of Levi Strauss & Co., and (ii) make matching contributions on all or a portion of such excess deferral
contributions. 
  
 NOW THEREFORE, except as otherwise
provided, the Plan is hereby amended, effective as of January 1, 2005, in the following respects: 
  

	1.	 	Section 1.1 of the Plan is hereby amended in its entirety to read as follows: 

  

	 	“1.1	 	“Account” shall mean the Participant’s Elective Deferral Account, Company Contribution Account, ESIP Make-Up Account, ESIP Deferral Contribution Account and
ESIP Matching Contribution Account. The Account shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the benefits to be paid to a Participant, or his or her designated Beneficiary,
pursuant to the Plan.” 

  

	2.	 	A new Section 1.21.1 is added to read as follows: 

  

	 	“1.21.1	 	“ESIP” shall mean the Employee Savings and Investment Plan of Levi Strauss & Co. 

  

	3.	 	A new Section 1.21.2 is added to read as follows: 

  

	 	“1.21.2	 	“ESIP Deferral Contribution” shall mean a percentage of a Participant’s compensation, as defined in the ESIP (but without regard to the limit imposed by
Section 401(a)(17)), that the Participant elects to defer in accordance with Article 3 for any Plan Year, reduced by the amount of the Participant’s elective deferrals under the ESIP, including all pre-tax and after-tax contributions under the
ESIP.” 

  

	4.	 	A new Section 1.21.3 is added to read as follows: 

  

	 	“1.21.3	 	“ESIP Deferral Contribution Account” shall mean (i) the sum of all of a Participant’s ESIP Deferral Contributions plus (ii) amounts credited or debited in

 accordance with all the applicable crediting and debiting provisions of this Plan that relate to the
Participant’s ESIP Deferral Contributions, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to his or her ESIP Deferral Contribution Account.” 
  

	5.	 	A new Section 1.21.4 is added to read as follows: 

  

	 	“1.21.4	 	“ESIP Matching Contribution” shall mean an amount equal to one hundred percent (100%) of the Participant’s ESIP Deferral Contribution and elective deferral
contribution under the ESIP up to seven and one-half percent (7-1⁄2%) of the Participant’s compensation, as defined in the ESIP (but without regard to the limitation imposed by Code Section 401(a)(17)) reduced by the amount of matching
contributions actually made on behalf of the Participant under the ESIP. 

  

	6.	 	A new Section 1.21.5 is added to read as follows: 

  

	 	“1.21.5	 	ESIP Matching Contribution Account” shall mean (i) the sum of all of a Participant’s ESIP Matching Contributions plus (ii) amounts credited or debited in accordance
with all the applicable crediting and debiting provisions of this Plan that relate to the Participant’s ESIP Matching Contributions, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that
relate to his or her ESIP Matching Contribution Account.” 

  

	7.	 	Section 3.1 is hereby amended in its entirety to read as follows: 

  

	 	“3.1	 	“Minimum and Maximum Deferrals. For each Plan Year, a Participant may make an irrevocable Elective Deferral as a percentage of Base Annual Salary, Annual Bonus,
and/or Director Fees. In addition, a Participant may make an ESIP Deferral Contribution as a percentage of the Participant’s compensation, as defined under the ESIP, but without regard to the limitation imposed by Code Section 401(a)(17). These
contributions are subject to the following parameters: 

  

							
	 DEFERRAL TYPE

	  	MINIMUM AMOUNT

	 	 	MAXIMUM AMOUNT

	 
	 Base Annual Salary
	  	5	%	 	100	%
	 Annual Bonus
	  	1	%	 	100	%
	 Director Fees
	  	5	%	 	100	%
	 ESIP Deferral Contribution
	  	1	%	 	10	%

  
 If an election is made
for less than the stated minimum amounts, or if no election is made, the amount deferred shall be deemed to be zero. 
  

 2 

 Notwithstanding the foregoing, if a Participant first becomes eligible after the first day of a Plan
Year, the maximum Elective Deferral (i) with respect to Base Annual Salary or Director Fees, shall be limited to compensation or fees not yet earned as of the date the Participant submits his or her election form, and (ii) with respect to Annual
Bonus, shall be limited to those amounts deemed eligible for deferral, in the sole discretion of the Committee.” 
  

	8.	 	Section 3.3 is herby amended in its entirety to read as follows: 

  

	 	“3.3	 	Company Contribution. 

  

	 	(a)	 	During any Plan Year, the Company may, in its discretion, credit an amount to a Participant’s Company Contribution Account. The Company Contribution, if any, shall be credited
as of the last working day of the Plan Year, or as soon as practicable thereafter. If a Participant is not employed or in service with the Company as of the last working day of a Plan Year (other than due to Retirement, layoff, as determined by the
Committee, or death) the Participant shall not be eligible for an Company Contribution for that Plan Year. 

  

	 	(b)	 	For any Plan Year in which the Company makes a profit-sharing contribution under the ESIP, the Company may, in its discretion, credit an amount to a Participant’s Company
Contribution Account equal to the difference which would have been allocated under the ESIP without regard to the Code Section 415 limit and the aggregate amount actually allocated to the ESIP. No contribution will be made under this subsection
unless the employee is eligible to participate in the ESIP as of the last working day of such Plan Year.” 

  

	9.	 	A new Section 3.4.1 is added to read as follows: 

  

	 	“3.4.1	 	ESIP Deferral Contribution and ESIP Matching Contribution. A Participant who is an Employee may elect to make an ESIP Deferral Contribution. The ESIP Deferral
Contribution shall be withheld from payroll according to the Participant’s election. For each period during a Plan Year, as determined by the Board of Directors, the Company may, in its sole and absolute discretion, make an ESIP Matching
Contribution to the Plan on behalf of a Participant who elected to make an ESIP Deferral Contribution.” 

  

	10.	 	Section 3.5(a) is hereby amended in its entirety to read as follows: 

  

	 	“(a)	 	A Participant shall at all times be 100% vested in his or her Elective Deferral Account, ESIP Make-Up Account, ESIP Deferral Contribution Account and ESIP Matching Contribution
Account;” 

  

 3 

	11.	 	A new Section 3.7(e) is added to read as follows: 

  

	 	“(e)	 	ESIP Deferral Contribution and ESIP Matching Contribution. The Company shall withhold the Participant’s share of FICA and other employment taxes that may apply to
the ESIP Deferral Contribution and ESIP Matching Contribution. If necessary, the Committee may reduce the Participant’s Base Annual Salary and/or Annual Bonus that is not deferred hereunder in order to comply with this Section.”

  

	12.	 	Section 4.1 is hereby amended in its entirety to read as follows: 

  

	 	“4.1	 	In-Service Distribution. A Participant may irrevocably elect to receive all or a portion of an Elective Deferral or ESIP Deferral Contribution in the form of a future
In-Service Distribution while an Employee or a Director. Subject to the other terms and conditions of this Plan, each In-Service Distribution shall be paid out during the first sixty (60) days of any Plan Year designated by the Participant that
occurs at least three Plan Years after the Plan Year in which the Elective Deferral or ESIP Deferral Contribution was initially deferred. For example, if a three-year In-Service Distribution is elected for Elective Deferrals that are deferred in the
Plan Year commencing January 1, 2005, the In-Service Distribution would become payable during a sixty (60) day period commencing January 1, 2009. A Participant may submit a written request to the Committee to postpone (up to two (2) times with
respect to each In-Service Distribution election) his or her In-Service Distribution election up to a minimum of three (3) additional years, provided that such request is received by the Committee at least one year prior to the date on which the
particular In-Service Distribution would have commenced. Notwithstanding the foregoing limitations, a Participant who Retires may request to change his or her election to receive a future In-Service Distribution to the Annual Installment Method by
submitting a new election form to the Committee in accordance with Article V.” 

  

	13.	 	Section 4.2 is hereby amended in its entirety to read as follows: 

  

	 	“4.2	 	Other Benefits Take Precedence Over In-Service Distribution. Should an event occur that triggers a benefit under Article 5, 6, 7 or 8, any Elective Deferral or ESIP
Deferral Contribution, subject to applicable credits or debits, as applicable, that is subject to an In-Service Distribution election under Section 4.1 shall not be paid in accordance with Section 4.1, but shall be paid in accordance with the other
applicable Article.” 

  

	14.	 	The second sentence of Section 4.3 is hereby amended in its entirety to read as follows: 

  
 “The payout shall not exceed the lesser of (i) the sum of the Participant’s Elective Deferral Account, ESIP-Make
Up Account, ESIP Deferral Contribution Account, ESIP Matching Contribution Account, plus the vested portion of his or her Company Contribution Account, calculated as if such Participant were receiving a Termination Benefit, or (ii) the amount
reasonably needed to satisfy the Unforeseeable Financial Emergency.” 
  

 4 

	15.	 	The first sentence of Section 7.1(a) is hereby amended in its entirety to read as follows: 

  

	 	“(a)	 	Waiver of Deferral. If a Participant is determined to be suffering from a Disability, that portion of his or her Elective Deferral or ESIP Deferral Contribution
commitment that would otherwise have been withheld under this Plan for the remainder of the Plan Year in which the Participant first suffers a Disability shall cease.” 

  

	16.	 	The Plan is amended, effective November 29, 2004, to change any reference in the Plan to “Employee Investment Plan” or “EIP” wherever those terms appear with
“Employee Savings and Investment Plan” or “ESIP,” respectively. 

  
 *     *     * 
  
 IN WITNESS WHEREOF, the undersigned has caused this Amendment to be executed this 11th day of October, 2004. 
  

			
	LEVI STRAUSS & CO.
		
	By:	 	 /s/ Fred D. Paulenich

	 	 	Fred D. Paulenich
	 	 	Senior Vice President of Worldwide Human Resources

  

 5

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