Document:

exv10w2

 

Exhibit 10.2

Agreement

May 31, 2006

Between:

	 	 	West Peak Ventures of Canada Ltd., a body corporate having
an office in Vancouver, British Columbia (hereinafter referred to as
“West Peak”)

- and -

	 	 	Township Petroleum Corporation, a body corporate having an
office in Calgary, Alberta (hereinafter referred to as “Township”)

     Whereas West Peak has negotiated a Share Purchase Agreement effective as of May 31,
2006 with the shareholders of Stripper Energy Services Inc. (“Stripper”) to purchase all of the
issued and outstanding shares of Stripper (“Share Purchase Agreement”), a draft copy of which is
attached hereto;

     And Whereas West Peak has entered into the Share Purchase Agreement as agent and on
behalf of Township;

     And Whereas the parties have agreed to enter into this Agreement to set forth the
terms and conditions relating to the entering of the Share Purchase Agreement by West Peak on
behalf of Township;

     Now Therefore this Agreement witnesseth that in consideration of the premises and the
respective covenants and agreements of the parties hereinafter set forth, the parties hereby
covenant and agree with one another as follows:

ARTICLE 1

Interpretation and Definitions

1.1 In this Agreement the words and phrases which are defined terms in the Share Purchase Agreement
shall have the same meanings in this Agreement as set forth in the Share Purchase Agreement and in
addition thereto the following words and phrases shall have the following meanings:

     "Indemnified Parties” means West Peak and its affiliates, directors, officers, employees and
assigns.

ARTICLE 2

Agreement

2.1 The parties agree that West Peak has entered into the Share Purchase Agreement as agent and on
behalf of Township and that after execution of the Share Purchase Agreement, the Escrow Agreement
and payment of the Deposit to the Vendors’ Representative, West Peak will

 

 

use its reasonable best efforts to assign its interest in the Share Purchase Agreement to Township.
If West Peak is unable to assign its interest in the Share Purchase Agreement to Township it will
hold the Share Purchase Agreement in trust for Township.

2.2 The parties acknowledge that the Deposit for payment to the shareholders has been paid by
Township to Macleod Dixon LLP, in trust, and Township will authorize Macleod Dixon LLP to pay the
Deposit to the Vendors’ Representative on execution of the Share Purchase Agreement and the Escrow
Agreement.

2.3 If West Peak is unable to assign the Share Purchase Agreement to Township then Township will
instruct West Peak with respect to actions to be taken under the Share Purchase Agreement.

2.4 Township will reimburse West Peak for all of its out of pocket costs relating to the purchase
of the shares of Stripper.

ARTICLE 3

Indemnity

3.1 Township hereby indemnifies and agrees to hold harmless the Indemnified Parties from and
against any and all losses, expenses, damages and other liabilities of any nature whatsoever
(including legal expenses on a solicitor and his or her own client basis) (collectively the
"Claims”) suffered or incurred by them as a direct or indirect result of, or arising in connection
with the Share Purchase Agreement including, without limitation, the due diligence conducted with
respect to Stripper and its shareholders and the negotiation, finalization and execution of the
Share Purchase Agreement.

ARTICLE 4

Miscellaneous

4.1 The address for notices of each of the parties as follows:

	 	 	 	 	 
	 

	 	West Peak:
	 	West Peak Ventures of Canada Ltd.
	 

	 	 	 	420 — 475 Howe Street
	 

	 	 	 	Vancouver BC V6C 2B3
	 

	 	 	 	Fax: (604) 606-7980
	 
	 	 	 	 
	 

	 	Township:
	 	Township Petroleum Corporation
	 

	 	 	 	c/o 420 — 475 Howe Street
	 

	 	 	 	Vancouver BC V6C 2B3
	 

	 	 	 	Fax: (604) 606-7980
	 

	 	 	 	Attn: George Orr
	 
	 	 	 	 
	 

	 	 	 	with a fax copy to Ron Phillips
	 

	 	 	 	Fax: (203)

Any of the parties hereto may from time to time change its address for service herein by
giving written notice to the other parties hereto. Any notice may be served by personal service
upon a party hereto or by mailing the same by prepaid post in a properly addressed envelope
addressed to the party hereto at its address for service hereunder. Any notice given by service
upon a party

-2-

 

hereto shall be deemed to be given on the date of such service and any notice given by mail shall
be received by the addressee when actually received. Any notice may be served by instantaneous
electronic means to the number for notice herein set forth. Any notice given by service upon a
party and any notice given by instantaneous electronic means shall be deemed to be given to and
received by the addressee on the day (except Saturdays, Sundays, statutory holidays and days which
the offices of the addressee are closed for business) of service or after the sending thereof with
appropriate answerback acknowledgment, provided it was sent before 2:00 p.m.; otherwise it shall be
deemed to be received the next following business day.

4.2 The parties will execute and deliver all such further documents and instruments and do all acts
and things as may be necessary or convenient to carry out the full intent and meaning of and to
effect the transactions contemplated by this Agreement.

4.3 This Agreement is the entire agreement between the parties hereto in respect of the Share
Purchase Agreement and there are no warranties, representations, terms, conditions or collateral
agreements, expressed or implied, statutory or otherwise, other than expressly set forth in this
Agreement.

4.4 This Agreement shall be governed by and construed in accordance with the laws of Alberta, and
the parties hereby attorn to the jurisdiction of the Courts of competent jurisdiction of Alberta in
any proceeding hereunder.

4.5 This Agreement may be executed in counterpart and all counterparts together shall constitute
good and valid execution.

4.6 This Agreement will enure to the benefit of and be binding upon the parties hereto, and their
respective heirs, administrators, executors, successors and permitted assigns.

IN WITNESS WHEREOF the parties have caused this Agreement to be executed under seal as of the day
and year above written.

	 	 	 	 	 
	 	West Peak Ventures of Canada Ltd.

 	 
	 	
Per:
 	 
	 	 	 
	 	 	 
	 

	 	 	 	 	 
	 	Township Petroleum Corporation

 	 
	 	Per:
 	 
	 	 	 
	 	 	 
	 

-3-Table of Contents
Exhibit
4.4

VIACOM INC.

AND

THE BANK OF NEW
YORK

Trustee

	
				
	

SECOND
SUPPLEMENTAL INDENTURE

Dated as of June 16, 2006

To Indenture dated as of April 12, 2006

between
VIACOM INC.
 and
THE BANK OF NEW YORK,

Trustee

	
				
	

Senior
Notes

Table of Contents
SECOND
SUPPLEMENTAL INDENTURE, dated as of June 16, 2006, between VIACOM INC.,
a Delaware corporation (the
‘‘Company’’), and The Bank of
New York, a New York banking corporation, as trustee (the
‘‘Trustee’’) to the Indenture,
dated as of April 12, 2006, between the Company and the Trustee as
supplemented by the First Supplemental Indenture dated as of April 12,
2006 between the Company and the Trustee, (as so supplemented and as
supplemented hereby, the
‘‘Indenture’’).

RECITALS
OF THE COMPANY

WHEREAS, Section 901(5) of the Indenture permits
supplements thereto without the consent of Holders of Securities to
change any provisions of the Indenture with respect to a series of
Securities, where there are no Securities Outstanding which are
entitled to the benefit of such provision; and

WHEREAS, as
contemplated by Section 301 of the Indenture, the Company intends to
issue from time to time floating rate senior notes due 2009 (the
‘‘Senior Notes’’) under the
Indenture;

NOW, THEREFORE, THIS SECOND SUPPLEMENTAL INDENTURE
WITNESSETH:

For consideration, the adequacy and sufficiency of
which are hereby acknowledged by the parties hereto, each party agrees
as follows, for the benefit of the other party and for the equal and
proportionate benefit of all Holders of the Senior Notes, as
follows:

SECTION 1.   For the purpose of this Second
Supplemental Indenture, all terms used herein, unless otherwise
defined, shall have the meaning assigned to them in the Indenture, as
amended hereby.

SECTION 2.   The Company shall issue
Senior Notes in an aggregate principal amount of $750,000,000. The form
of Senior Notes is set forth in Exhibit A hereto. The Senior Notes
shall include the legends set forth on the face of Exhibit A hereto,
substantially in the form so set forth, except to the extent otherwise
provided herein.

SECTION 3.   The Senior Notes offered
and sold in reliance on Rule 144A shall be issued initially in the form
of one or more permanent global Senior Notes in registered form,
substantially in the form set forth in Exhibit A hereto (the
‘‘U.S. Global Securities’’),
registered in the name of the nominee of the Depositary, deposited with
the Trustee, as custodian for the Depositary, duly executed by the
Company and authenticated by the Trustee as provided in Section 303 of
the Indenture. The aggregate principal amount of the U.S. Global
Securities may from time to time be increased or decreased by
adjustments made on the records of the Trustee, as custodian for the
Depositary or its nominee, in accordance with the instructions given by
the Holder thereof, as hereinafter
provided.

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The Senior Notes offered and sold in
offshore transactions in reliance on Regulation S shall be issued
initially in the form of one or more permanent global Senior Notes in
registered form, substantially in the form set forth in Exhibit A (the
‘‘Offshore Global Securities’’),
registered in the name of the nominee of the Depositary, deposited with
the Trustee, as custodian for the Depositary, duly executed by the
Company and authenticated by the Trustee as provided in Section 303 of
the Indenture. The aggregate principal amount of the Offshore Global
Securities may from time to time be increased or decreased by
adjustments made on the records of the Trustee, as custodian for the
Depositary or its nominee, as hereinafter provided.

The U.S.
Global Securities and the Offshore Global Securities are sometimes
referred to herein as the ‘‘Global
Securities.’’

SECTION 4.   For the sole
benefit of the Holders of the Senior Notes, Section 101 of the
Indenture is hereby amended by adding the following definitions, each
in appropriate alphabetical
order:

‘‘Agent’’ means any Transfer
Agent, Registrar, co-Registrar, Paying Agent or Authenticating
Agent.

‘‘Closing Date’’ means June 16,
2006.

‘‘Depositary’’ means, as
applicable, either the U.S. Depositary or the Common
Depositary.

‘‘Exchange Notes’’ means any
securities of the Company containing terms identical to the Senior
Notes (except that such Exchange Notes shall be registered under the
Securities Act and shall not include the restrictions on transfer or
any increase in the interest rate) that are issued and exchanged for
the Senior Notes pursuant to the Registration Rights Agreement and the
Indenture.

‘‘Exchange Offer Registration
Statement’’ means the Exchange Offer Registration Statement
as defined in the Registration Rights
Agreement.

‘‘Non-United States Person’’
means a Person who is not a United States
Person.

‘‘Participant’’ means a Person
who has an account with a Depositary.

‘‘Registration
Rights Agreement’’ means the Registration Rights Agreement,
dated June 16, 2006, among the Company, Deutsche Bank Securities Inc.
and certain permitted assigns specified
therein.

‘‘Registration Statement’’ means
the Registration Statement as defined and described in the Registration
Rights Agreement.

‘‘Regulation S’’ means
Regulation S under the Securities Act.

‘‘Regulation S
Non-U.S. Person’’ means a person who is not a
‘‘U.S. Person’’ as defined in Regulation
S.

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‘‘Regulation S U.S.
Person’’ has the meaning assigned thereto in Regulation
S.

‘‘Restricted Security’’ means any
Senior Note that has not been sold in connection with an effective
Registration Statement.

‘‘Rule 144A’’
means Rule 144A under the Securities
Act.

‘‘Securities Act’’ means the
Securities Act of 1933, as amended from time to
time.

‘‘Shelf Registration Statement’’
means the Shelf Registration Statement as defined in the Registration
Rights Agreement.

SECTION
5.   [Reserved]

SECTION
6.   [Reserved]

SECTION 7.   For the sole
benefit of the holders of the Senior Notes, Section 305 of the
Indenture is hereby deleted in its entirety and replaced by the
following Sections 305, 305A, 305B, 305C, 305D and 305E (the
‘‘New Provisions’’):

SECTION 305. Registrar and Paying Agent. The
Company shall maintain an office or agency in the City of New York
where Securities may be presented for transfer or for exchange (the
‘‘Transfer Agent’’) and for the
registration of such transfer or exchange (the
‘‘Registrar’’, which term shall
include acting in the capacity of Transfer Agent), an office or agency
in the City of New York where Securities may be presented for payment
(the ‘‘Paying Agent’’) and an
office or agency where notices and demands pursuant to this section to
or upon the Company in respect of the Securities and this Indenture may
be served, which shall be in the Borough of Manhattan, The City of New
York with respect to such series. The Company shall cause the Registrar
to keep a register of the Securities and of their transfer and exchange
(the ‘‘Security Register’’). The
Security Register shall be in written form or any other form capable of
being converted into written form within a reasonable time. The Company
may have one or more co-Registrars and one or more additional Paying
Agents.

The Company shall enter into an
appropriate agency agreement with any Agent not a party to this
Indenture. The agreement shall implement the provisions of this
Indenture that relate to such Agent. The Company shall give prompt
written notice to the Trustee of the name and address of any such Agent
and any change in the address of such Agent. If the Company fails to
maintain a Registrar, Paying Agent and/or agent for service of notices
and demands pursuant to this section, the Trustee shall act as such
Registrar, Paying Agent and/or agent for service of notices and demands
pursuant to this section. The Company may remove any Agent upon written
notice to such Agent and the Trustee; provided that no such removal
shall become effective until (i) the acceptance of an appointment by a
successor Agent to such Agent as evidenced by an appropriate agency
agreement entered into by the Company and such successor Agent and
delivered to the Trustee or (ii) notification to the Trustee that the
Trustee shall serve as such Agent until the appointment of a successor
Agent in accordance with clause (i) of this proviso. The Company, any
Subsidiary of the Company, or any Affiliate of any of them may
act

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as Paying Agent, Registrar or co-Registrar,
and/or agent for service of notice and demands.

The Company initially appoints the Trustee as
Registrar, Paying Agent, Authenticating Agent and agent for service of
notice and demands. The Trustee shall preserve in as current a form as
is reasonably practicable the most recent list available to it of the
names and addresses of Holders and shall otherwise comply with TIA
Section 312(a). If the Trustee is not the Registrar, the Company shall
furnish to the Trustee as of each Regular Record Date and at such other
times as the Trustee may reasonably request the names and addresses of
Holders as they appear in the Security Register, including the
aggregate principal amount of Securities held by each Holder.

SECTION 305A. Transfer and Exchange. A Holder may
transfer a Security only by written application to the Registrar
stating the name of the proposed transferee and otherwise complying
with the terms of this Indenture. No such transfer shall be effected
until, and such transferee shall succeed to the rights of a Holder only
upon, final acceptance and registration of the transfer by the
Registrar in the Security Register. Prior to the registration of any
transfer by a Holder as provided herein, the Company, the Trustee, and
any agent of the Company shall treat the person in whose name the
Security is registered as the owner thereof for all purposes whether or
not the Security shall be overdue, and neither the Company, the
Trustee, nor any such agent shall be affected by notice to the
contrary. Furthermore, any Holder of a Global Security shall, by
acceptance of such Global Security, agree that transfers of beneficial
interests in such Global Securities may be effected only through a
book-entry system maintained by the Holder of such Global Security (or
its agent) and that ownership of a beneficial interest in the Security
shall be required to be reflected in a book-entry. When Securities are
presented to the Registrar or a co-Registrar with a request to register
the transfer or to exchange them for an equal principal amount of
Securities of other authorized denominations, the Registrar shall
register the transfer or make the exchange as requested if its
requirements for such transactions are met (including that such
Securities are duly endorsed or accompanied by a written instrument of
transfer in form satisfactory to the Trustee and Registrar duly
executed by the Holder thereof or by an attorney who is authorized in
writing to act on behalf of the Holder); provided that the requirements
of Section 305D herein are met. To permit registrations of transfers
and exchanges, the Company shall execute and the Trustee shall
authenticate Securities at the Registrar's request. No service
charge shall be made for any registration of transfer or exchange or
redemption of the Securities, but the Company may require payment of a
sum sufficient to cover any transfer tax or similar governmental charge
payable in connection therewith.

The Registrar
shall not be required (i) to issue, register the transfer of or
exchange any Security during a period beginning at the opening of
business 15 days before the day of the mailing of a notice of
redemption of Securities selected for redemption under Article Eleven
and ending at the close of business on the day of such mailing, or (ii)
to register the transfer of or exchange any Security so selected for
redemption in whole or in part, except the unredeemed portion of any
Security being redeemed in
part.

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SECTION 305B. Legend on
Restricted Securities. (i) Unless and until a Senior Note is exchanged
for an Exchange Note or sold in connection with an effective Shelf
Registration Statement pursuant to the Registration Rights Agreement,
the U.S. Global Securities shall bear the legends set forth on the face
of Exhibit A, and (ii) the Offshore Global Securities shall bear the
legends set forth on the face of Exhibit A until (A) at least the 41st
day after the Closing Date and (B) receipt by the Company and the
Trustee of a certificate substantially in the form of Appendix I
hereto.

Except as provided in Section 305D,
the Trustee shall not issue any unlegended Senior Notes until it has
received an Officers' Certificate from the Company directing it
to do so.

SECTION 305C. Book-Entry Provisions
for U.S. Global Securities and Offshore Global Securities. (a) Each
U.S. Global Security and Offshore Global Security initially shall (i)
be registered in the name of the Depositary for such U.S. Global
Security or Offshore Global Security or the nominee of such Depositary,
(ii) be delivered, as applicable, either to the Trustee, as custodian
for the U.S. Depositary, or to the Common Depositary and (iii) bear
legends as set forth on the face of the form of the Senior Note.

Members of, or Participants in, the Depositary
(‘‘Agent Members’’) shall have
no rights under this Indenture with respect to any Global Security held
on their behalf by the Depositary, or the Trustee as its custodian or
the Common Depositary, as applicable, or under such Global Security,
and the Depositary may be treated by the Company, the Trustee and any
agent of the Company or the Trustee as the absolute owner of such
Global Security for all purposes whatsoever. Notwithstanding the
foregoing, nothing herein shall prevent the Company, the Trustee or any
agent of the Company or the Trustee from giving effect to any written
certification, proxy or other authorization furnished by the Depositary
or impair, as between the Depositary and its Agent Members, the
operation of customary practices governing the exercise of the rights
of a holder of any Security.

(b) Transfers of
a Global Security shall be limited to transfers of such Global Security
in whole, but not in part, to the Depositary, its successors or their
respective nominees, and as further specified in Section 305D.
Transfers of interests in one Global Security to parties who will hold
the interests through the same Global Security will be effected in the
ordinary way in accordance with the respective rules and operating
procedures of the applicable Depositaries and the provisions of Section
305D. The provisions of the ‘‘Operating Procedures of the
Euroclear System’’ and ‘‘Terms and Conditions
Governing Use of Euroclear’’ of Euroclear and the
‘‘General Terms and Conditions of Clearstream’’
and ‘‘Customer Handbook’’ of Clearstream shall
be applicable to interests in the Global Securities that are held by
Agent Members through Euroclear and Clearstream.

(c) Any beneficial interest in one of the Global
Securities that is transferred to a person who takes delivery in the
form of an interest in another Global Security will, upon transfer,
cease to be an interest in such Global Security and become an interest
in such other Global Security and, accordingly, will thereafter be
subject to all

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transfer restrictions, if any, and
other procedures applicable to beneficial interests in such other
Global Security for so long as it remains such an interest.

(d) In connection with any transfer of a portion
of the interests in a Global Security to beneficial owners pursuant to
paragraph (c) of this Section 305C, the Registrar shall reflect on its
books and records the date and a decrease in the principal amount of
such Global Security in an amount equal to the principal amount of the
interest in such Global Security to be transferred.

(e) In connection with the transfer of the U.S.
Global Securities or the Offshore Global Securities, in whole, to
beneficial owners pursuant to paragraph (b) of this Section 305C, the
U.S. Global Securities or Offshore Global Securities, as the case may
be, shall be deemed to be surrendered to the Trustee for
cancellation.

(f) The registered holder of a
Global Security may grant proxies and otherwise authorize any person,
including Agent Members and persons that may hold interests through
Agent Members, to take any action which a Holder is entitled to take
under this Indenture or the Securities.

(g)
The Securities are initially solely issuable as Global Securities.
Registered Securities shall be physically transferred to all beneficial
owners in definitive form in exchange for their beneficial interests in
a Global Security, if the Depositary with respect to such Global
Securities notifies the Company that it is unwilling or unable to
continue as Depositary for such Global Security, as the case may be,
and a successor Depositary is not appointed by the Company within 90
days of such notice.

(h) All Securities issued
upon any transfer or exchange of Securities shall be valid, legally
enforceable obligations of the Company, evidencing the same debt, and
entitled to the same benefits under this Indenture, as the Securities
surrendered upon such transfer or exchange.

SECTION 305D. (a) Transfers to QIBs. The following
provisions shall apply with respect to the registration of any proposed
transfer of Senior Notes constituting a Restricted Security to a
qualified institutional buyer as defined in Rule 144A (a
‘‘QIB’’):

(i) if the Senior Notes to be transferred consist
of an interest in the U.S. Global Securities, the transfer of such
interest may be effected through the book-entry system maintained by
the Depositary;
 and

(ii) (A) if the
proposed transferor is an Agent Member holding a beneficial interest in
the Offshore Global Securities, upon receipt by the Registrar of
instructions in accordance with the Depositary's and the
Registrar's procedures, the Registrar shall reflect on its books
and records the date and a decrease in the principal amount of the
Offshore Global Securities, in an amount equal to the principal amount
of the beneficial interest in the Offshore Global Securities to be
transferred, and (B) if the proposed transferee is an Agent Member,
upon receipt by the Registrar of instructions given in accordance with
the Depositary's and the Registrar's procedures, the
Registrar shall reflect on
its

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books and records the date and an
increase in the principal amount of the U.S. Global Securities, in an
amount equal to the principal amount of the Offshore Global Securities
to be transferred and the Trustee shall decrease the amount of the
Offshore Global Securities.

(b) Transfers of
Interests in the Offshore Global Securities. The following provisions
shall apply with respect to any transfer of interests in Offshore
Global Securities:

(i) until the expiration of
the 40-day distribution compliance period within the meaning of Rule
903 of Regulation S, any offer or sale of interests in the Offshore
Global Securities shall be made (a) (1) outside the United States in
compliance with Rule 903 or 904 under the Securities Act or (2) to a
QIB in compliance with Rule 144A and (b) in accordance with all
applicable securities laws of the states of the United States or any
other applicable jurisdiction;

(ii) prior to
the removal of the legend from the Offshore Global Securities pursuant
to Section 305B, the Registrar shall refuse to register such transfer
unless such transfer complies with this Section 305D; and

(iii) after such removal, the Registrar shall
register the transfer of any such Senior Note without requiring any
additional certification.

(c) Transfers to
Regulation S Non-U.S. Persons at Any Time. The following provisions
shall apply with respect to any transfer of a Restricted Security to a
Regulation S Non-U.S. Person:

(i) The
Registrar shall register any proposed transfer to any Regulation S
Non-U.S. Person if (A) the Senior Note to be transferred is an interest
in U.S. Global Securities, (B) the proposed transferor has delivered to
the Registrar a certificate substantially in the form of Appendix I
hereto and (C) if requested by the Company, the proposed transferee has
delivered to the Registrar an opinion of counsel acceptable to the
Company that such transfer is in compliance with the Securities
Act.

(ii) (A) If the proposed transferor is an
Agent Member holding a beneficial interest in U.S. Global Securities
upon receipt by the Registrar of (x) the documents, if any, required by
paragraph (i) and (y) instructions in accordance with the
Depositary's and the Registrar's procedures, the Registrar
shall reflect on its books and records the date and a decrease in the
principal amount of the U.S. Global Securities in an amount equal to
the principal amount of the beneficial interest in the U.S. Global
Securities to be transferred, and (B) if the proposed transferee is an
Agent Member, upon receipt by the Registrar of instructions given in
accordance with the Depositary's and the Registrar's
procedures, the Registrar shall reflect on its books and records the
date and an increase in the principal amount of the Offshore Global
Securities in an amount equal to the
principal

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amount of the U.S. Global
Securities to be transferred, and the Trustee shall decrease the amount
of the U.S. Global Securities.

SECTION 305E.
General. By its acceptance of any Senior Notes bearing the legends set
forth on the face of the form of the Senior Notes, each Holder of such
a Senior Note acknowledges the restrictions on transfer of such Senior
Note set forth in the Indenture and in such legends and agrees that it
will transfer such Senior Note only as provided in the Indenture.

The Registrar shall retain, in accordance with its
customary procedures, copies of all letters, notices and other written
communications received pursuant to this Section 305E. The Company
shall have the right to inspect and make copies of all such letters,
notices or other written communications at any reasonable time upon the
giving of reasonable written notice to the Registrar.

SECTION 8.   [Reserved]

SECTION
9.   For the sole benefit of the Holders of the Senior Notes, a new
Section 1108 shall be added to the Indenture as follows:

(a) Exchange Notes may from time to time be
executed by the Company and delivered to the Trustee for authentication
and the Trustee shall thereupon authenticate and deliver said Exchange
Notes, as the case may be, upon cancellation of an equal amount of
Restricted Securities tendered in exchange, upon a Company Order
without further action by the Company.

(b) No
exchange of Senior Notes for Exchange Notes, as the case may be, shall
occur until a Registration Statement shall have been declared effective
by the Commission and any Senior Notes that are exchanged for Exchange
Notes shall be cancelled by the Trustee.

SECTION
10.   THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN THIS SECOND
SUPPLEMENTAL INDENTURE.

SECTION 11.   This Second
Supplemental Indenture may be executed in any number of counterparts,
each of which when so executed shall be deemed to be an original, but
such counterparts shall together constitute but one and the same
instrument.

SECTION 12.   Except as herein amended
with respect to the Senior Notes, all applicable terms, conditions and
provisions of the Indenture, as supplemented, shall continue in full
force and effect and shall remain binding and enforceable in accordance
with their respective
terms.

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

							
	 			VIACOM
INC.
	 			By:			/s/ George S.
Nelson                                
	 			 			Name:   George S. Nelson
 Title:
    Senior Vice President and Treasurer
	 			THE BANK OF NEW
YORK
	 			By:			/s/ Julie
Salovitch-Miller                           
	 			 			Name:   Julie Salovitch-Miller

Title:    Vice
President
	

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EXHIBIT
A TO SECOND SUPPLEMENTAL INDENTURE

Unless and until a Security
is exchanged for an Exchange Note or sold in connection with an
effective Registration Statement pursuant to the Registration Rights
Agreement, (i) the U.S. Global Securities shall bear the legend set
forth below on the face thereof and (ii) the Offshore Global Securities
shall bear the legend set forth below on the face thereof until at
least the 41st day after the Closing Date and receipt by the Company
and the Trustee of a certificate substantially in the form of Appendix
I hereto:

THIS SENIOR SECURITY HAS NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
‘‘SECURITIES ACT’’), OR ANY
STATE OR OTHER SECURITIES LAWS. NEITHER THIS SENIOR SECURITY NOR ANY
INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED,
TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE
ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM,
OR NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.
BY ITS ACQUISITION HEREOF, THE HOLDER (1) REPRESENTS THAT (A) IT IS A
‘‘QUALIFIED INSTITUTIONAL BUYER’’ (AS DEFINED
IN RULE 144A UNDER THE SECURITIES ACT (‘‘ RULE
144A’’)), OR (B) IT IS NOT A U.S. PERSON AND IS
ACQUIRING THIS SENIOR SECURITY IN AN ‘‘OFFSHORE
TRANSACTION’’ PURSUANT TO RULE 903 OR 904 OF REGULATION S,
(2) AGREES NOT TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SENIOR
SECURITY PRIOR TO THE DATE WHICH IS THE LATER OF (X) TWO YEARS (OR SUCH
SHORTER PERIOD OF TIME AS PERMITTED BY RULE 144(k) OF THE SECURITIES
ACT) AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF (OR ANY
PREDECESSOR OF THIS SENIOR SECURITY) AND THE LAST DATE ON WHICH VIACOM
OR ANY AFFILIATE OF VIACOM WAS THE OWNER OF THIS SENIOR SECURITY (OR
ANY PREDECESSOR OF THIS SENIOR SECURITY) AND (Y) SUCH LATER DATE, IF
ANY, AS MAY BE REQUIRED BY APPLICABLE LAW (THE
‘‘RESALE RESTRICTION TERMINATION
DATE’’) EXCEPT (A) TO VIACOM OR ANY SUBSIDIARY
THEREOF, (B) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN
DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE
SENIOR SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A INSIDE
THE UNITED STATES, TO A PERSON IT REASONABLY BELIEVES IS A
‘‘QUALIFIED INSTITUTIONAL BUYER’’ AS DEFINED IN
RULE 144A THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A
QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER
IS BEING MADE IN RELIANCE ON RULE 144A, (D) TO NON-U.S. PERSONS IN AN
OFFSHORE TRANSACTION WITHIN THE MEANING AND CONSISTENT WITH THE TERMS
AND CONDITIONS OF REGULATION S UNDER THE SECURITIES ACT, OR (E)
PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT AND (3) AGREES THAT IT WILL GIVE TO
EACH PERSON TO WHOM THIS SENIOR SECURITY IS TRANSFERRED A NOTICE
SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND; PROVIDED THAT VIACOM, THE
TRUSTEE, AND THE REGISTRAR SHALL HAVE THE RIGHT PRIOR TO ANY SUCH
OFFER, SALE OR TRANSFER (I) PURSUANT TO CLAUSES (D) OR (E) TO REQUIRE
THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER
INFORMATION REASONABLY SATISFACTORY
TO

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EACH OF THEM, AND (II) IN EACH OF
THE FOREGOING CASES, TO REQUIRE THAT A CERTIFICATE OF TRANSFER IN THE
FORM APPEARING ON THE OTHER SIDE OF THIS SENIOR SECURITY IS COMPLETED
AND DELIVERED BY THE TRANSFEROR TO VIACOM AND THE TRUSTEE. THIS LEGEND
WILL BE REMOVED UPON THE REQUEST OF THE HOLDER AFTER THE RESALE
RESTRICTION TERMINATION DATE. AS USED HEREIN, THE TERMS
‘‘UNITED STATES,’’ ‘‘OFFSHORE
TRANSACTION,’’ AND ‘‘U.S. PERSON’’
HAVE THE RESPECTIVE MEANINGS GIVEN TO THEM BY REGULATION S UNDER THE
SECURITIES ACT.

Each Offshore Global Security shall bear the
following legend: PRIOR TO EXPIRATION OF THE 40-DAY DISTRIBUTION
COMPLIANCE PERIOD WITHIN THE MEANING OF REGULATION S, THIS SENIOR
SECURITY MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED
WITHIN THE UNITED STATES OR TO A U.S. PERSON OR FOR THE ACCOUNT OR
BENEFIT OF A U.S. PERSON.

Each Global Security shall bear the
following legend: Unless this certificate is presented by an authorized
representative of The Depository Trust Company, a New York corporation
(‘‘DTC’’), to the Company (as
defined below) or its agent for registration of transfer, exchange or
payment, and any certificate issued is registered in the name of Cede
& Co. or 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.

Any Global
Security issued hereunder shall bear a legend in substantially the
following form: This Security is a Global Security within the meaning
of the Indenture hereinafter referred to and is registered in the name
of the Depositary or a nominee of the Depositary. This Security is
exchangeable for Securities registered in the name of a person other
than the Depositary or its nominee only in the limited circumstances
described in the Indenture, and may not be transferred except as a
whole by the Depositary to a nominee of the Depositary by a nominee of
the Depositary, by a nominee of the Depositary to the Depositary or
another nominee of the Depositary or by the Depositary or any such
nominee to a successor Depositary or a nominee of such a successor
Depositary.

Unless and until it is exchanged in whole or in part
for Securities in definitive registered form in accordance with the
provisions of the Indenture (as defined below) applicable to such
exchange, this certificate may not be transferred except as a whole by
DTC to a nominee of DTC or by a nominee of DTC to DTC or another
nominee of DTC or by DTC or any such nominee to a successor Depository
or a nominee of such successor
Depository.

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VIACOM
INC.

Floating Rate Senior Note due 2009

				
	No.			$          

CUSIP:
CINS:
 ISIN:

	

Viacom Inc., a
Delaware corporation (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
$                   on
June 16, 2009 (the ‘‘Maturity
Date’’) at the office or agency of the Company
referred to below, and to pay interest thereon at the floating rate per
annum determined in accordance with the provisions below (the
‘‘Interest Rate’’), until the
principal hereof is paid or duly provided for. The Company will pay
interest in arrears on each Interest Payment Date (as defined below),
commencing on September 16, 2006 (being the first Interest Payment Date
succeeding June 16, 2006 (the ‘‘Original Issue
Date’’)), and on the Maturity Date. Interest on
this Security will be computed on the basis of a 360-day year and the
actual number of days elapsed. As used herein, ‘‘Interest
Payment Date’’ means each March 16, June 16, September 16
and December 16 in each year, provided that if any such date falls on a
day that is not a Business Day with respect to this Security, the
applicable Interest Payment Date shall be the next succeeding Business
Day unless such Business Day is in the next succeeding calendar month,
in which case the applicable Interest Payment Date shall be the
immediately preceding Business Day.

Interest on this Security
will accrue from, and including, the immediately preceding Interest
Payment Date to which interest has been paid or duly provided for (or
from, and including, the Original Issue Date if no interest has been
paid or duly provided for) to, but excluding, the next applicable
Interest Payment Date or the Maturity Date, as the case may be (each,
an ‘‘Interest Period’’). The
amount of accrued interest payable for any Interest Period shall be
calculated by multiplying the face amount of this Security by an
accrued interest factor. Such accrued interest factor is computed by
adding the interest factor calculated for each day from the Original
Issue Date, or from the immediately preceding Interest Payment Date to
which interest has been paid or duly provided for, to the date for
which accrued interest is being calculated. The interest factor for
each day shall be computed by dividing the Interest Rate applicable by
such day by 360.

If the Maturity Date of this Security falls on
a day that is not a Business Day, the payment of principal, premium, if
any, and interest shall be made on the next succeeding Business Day, as
if made on the date such payment was due, and no interest shall accrue
on such payment for the period from and after the Maturity Date to the
date of such payment on the next succeeding Business Day.

The
interest so payable, and punctually paid or duly provided for, on any
Interest Payment Date will, as provided in such Indenture, be paid, in
immediately available funds, to the Person in whose name this Security
(or one or more Predecessor Securities) is registered at
the

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close of business on March 1, June
1, September 1 and December 1, as the case may be, next preceding such
Interest Payment Date, provided, however, that interest so payable on
the Maturity Date shall be payable to the person to whom the principal
is payable. Any such interest not so punctually paid or duly provided
for shall forthwith cease to be payable to the Holder on such Regular
Record Date, and such defaulted interest, shall 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 the Holder of this Security not less than 10
days prior to such Special Record Date, or may be paid at any time in
any other lawful manner not inconsistent with the requirements of any
securities exchange on which the Securities 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
interest on this Security will be made at the Corporate Trust Office of
the Trustee or such other office or agency of the Company as may be
designated for such purpose, 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 each installment
of interest and principal on this Security may at the Company's
option be paid in immediately available funds by transfer to an account
maintained by the payee located in the United States.

As used
herein, ‘‘Business Day’’ means any day except a
Saturday, Sunday or a legal holiday in The City of New York, State of
New York on which banking institutions are authorized or required by
law, regulation or executive order to close; provided that such day is
also a London Business Day. ‘‘London Business
Day’’ means any day on which dealings in United States
dollars are transacted in the London interbank market. The Interest
Rate on this Security shall be calculated by an agent appointed by the
Company for the purpose (the ‘‘Calculation
Agent’’) and shall be equal to LIBOR (as defined
below) plus 0.35%; provided, however, that the Interest Rate in
effect for the period from the Original Issue Date to the Initial
Interest Reset Date (as defined below) shall be the rate for deposits
in United States dollars having a maturity of three months commencing
on the Original Issue Date that appears on Telerate Page 3750 as of
11:00 a.m., London time, on the day that is two London Business Days
prior to the Original Issue Date, plus 0.35% (the
‘‘Initial Interest Rate’’). The
Interest Rate shall be reset each March 16, June 16, September 16 and
December 16 (each an ‘‘Interest Reset
Date’’), commencing September 16, 2006 (the
‘‘Initial Interest Reset
Date’’). The Interest Rate in effect on each day
that is not an Interest Reset Date shall be the Interest Rate
determined as of the second London Business Day preceding the
applicable Interest Reset Date (each an ‘‘Interest
Determination Date’’) pertaining to the immediately
preceding Interest Reset Date, and the Interest Rate in effect on any
day that is an Interest Reset Date shall be the Interest Rate
determined as of the Interest Determination Date pertaining to such
Interest Reset Date; provided, however, that the interest rate in
effect for the period from the Original Issue Date to the Inital
Interest Reset Date shall be the Initial Interest Rate. If any Interest
Reset Date would otherwise be a day that is not a Business Day, the
Interest Reset Date shall be postponed to the next succeeding day that
is a Business Day, except that if such Business Day falls in the next
succeeding calendar month, such Interest Reset Date shall be the
immediately preceding Business
Day.

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‘‘LIBOR’’
shall be determined by the Calculation Agent in accordance with the
following provisions:

		
	(i) 	With respect to
any Interest Determination Date, LIBOR shall be therate for deposits in
United States dollars having a maturity of three months commencing on
the first day of the applicable Interest Period that appears on
Telerate Page 3750 as of 11:00 A.M., London time, on such Interest
Determination Date. If no such rate appears, LIBOR in respect to such
Interest Determination Date shall be determined in accordance with the
provisions described in (ii) below.

		
	(ii) 	With
respect to an Interest Determination Date on which no rate appears on
Telerate Page 3750, as specified in (i) above, the Calculation Agent
shall request the principal London offices of each of four major
reference banks in the London interbank market, as selected by the
Calculation Agent, to provide the Calculation Agent with its offered
quotation for deposits in United States dollars for the period of three
months, commencing on the first day of the applicable Interest Period,
to prime banks in the London interbank market at approximately 11:00
A.M., London time, on such Interest Determination Date and in a
principal amount that is representative for a single transaction in
United States dollars in such market at such time. If at least two such
quotations are so provided, then LIBOR on such Interest Determination
Date shall be the arithmetic mean of such quotations. If fewer than two
such quotations are so provided, then LIBOR on such Interest
Determination Date shall be the arithmetic mean of the rates quoted at
approximately 11:00 A.M., in The City of New York, on such Interest
Determination Date by three major banks in The City of New York
selected by the Calculation Agent for loans in United States dollars to
leading European banks, having a three month maturity and in a
principal amount that is representative for a single transaction in
United States dollars in such market at such time; provided, however,
that if the banks so selected by the Calculation Agent are not quoting
as mentioned in this sentence, LIBOR determined as of such Interest
Determination Date shall be LIBOR in effect on such Interest
Determination Date.

‘‘Telerate Page
3750’’ means the display designated as ‘‘Page
3750’’ on Telerate, Inc. (or any successor service) for the
purpose of displaying the London interbank rates of major banks for
United States dollars.

The Interest Rate applicable to each
Interest Period commencing on the related Interest Reset Date shall be
the rate determined as of the applicable Interest Determination Date on
or prior to the Calculation Date (as defined below).

The
Calculation Agent (which initially shall be The Bank of New York and
which may be changed by the Company from time to time) shall calculate
the Interest Rate on this Security on or before each Calculation Date
and, upon request, provide holders of the Securities the Interest Rate
then in effect and, if determined, the Interest Rate which shall become
effective as a result of a determination made for the next succeeding
Interest Reset Date with respect
to

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this Security. The Calculation
Agent's determination of any interest rate shall be final and
binding absent error in the calculation thereof. The
‘‘Calculation Date’’ pertaining to any Interest
Determination Date shall be the earlier of (a) the tenth calendar day
after such Interest Determination Date, or if any such day is not a
Business Day, the next succeeding Business Day, or (b) the Business Day
immediately preceding the applicable Interest Payment Date or the
Maturity Date, as the case may be.

Notwithstanding the other
provisions herein, the Interest Rate hereon shall 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.

Except as
otherwise provided herein, all percentages resulting from any
calculation shall be rounded, if necessary, to the nearest one
hundred-thousandth of a percentage point, with five one-millionths of a
percentage point rounded upwards (e.g., 9.876545% (or .09876545)
would be rounded to 9.87655% (or .0987655)), and all amounts
used in or resulting from such calculation shall be rounded to the
nearest cent (with one-half cent being rounded upward).

The
statements set forth in the restrictive legends above are an integral
part of the terms of this Security and by acceptance hereof each holder
of this Security agrees to be subject to and bound by terms and
provisions set forth in such legend.

This Security is one of a
duly authorized issue of securities of the Company (herein called the
‘‘Securities’’), unlimited in
aggregate principal amount, issued and to be issued in one or more
series under an indenture dated as of April 12, 2006 between the
Company and The Bank of New York, as trustee (herein called the
‘‘Trustee,’’ which term includes
any successor trustee under the Indenture), as supplemented by the
First Supplemental Indenture dated as of April 12, 2006 between the
Company and the Trustee and a Second Supplemental Indenture dated June
16, 2006 between the Company and the Trustee (as so supplemented, 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, obligations 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 a series designated as Floating Rate Senior Notes
due 2009, initially limited in aggregate principal amount to
$750,000,000. This Security is a global Security representing
$                   of the
Securities.

INCLUDE IF SECURITY IS A GLOBAL SECURITY: This
Security is a ‘‘book-entry’’ Security and is
being registered in the name of Cede & Co. as nominee of The
Depository Trust Company
(‘‘DTC’’), a clearing agency.
Subject to the terms of the Indenture, this Security will be held by a
clearing agency or its nominee, and beneficial interest will be held by
beneficial owners through the book-entry facilities of such clearing
agency or its nominee in minimum denominations of $2,000 and integral
multiples of $1,000 in excess thereof. As long as this Security is
registered in the name of DTC or its nominee, the Trustee will make
payments of principal of and interest on this Security by wire transfer
of immediately available funds to DTC or its nominee. Notwithstanding
the above, the final payment on this Security will be made after due
notice by the Trustee of the pendency of such payment and only upon
presentation and surrender
of

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this Security at its principal
corporate trust office or such other offices or agencies appointed by
the Trustee for that purpose and such other locations provided in the
Indenture.

The Holder of this Security is entitled to the
benefits of the Registration Rights Agreement, dated as of June 16,
2006. In the event that (i) the Exchange Offer is not consummated on or
prior to the 300th calendar day following the Closing Date or (ii) if
required, a Shelf Registration Statement with respect to the Securities
is not declared effective by the Commission on or prior to the 360th
calendar day following the Closing Date (or on or prior to such later
date as provided in the Registration Rights Agreement) or ceases to be
effective or usable during the periods specified in the Registration
Rights Agreement (each, a ‘‘Registration
Default’’), the per annum interest rate borne by
the Securities shall be increased by one-quarter of one percent
(0.25%) per annum from the end of the applicable period giving
rise to such Registration Default. The interest rate borne by the
Securities will be increased by an additional one-quarter of one
percent (0.25%) per annum for each subsequent 90-day period
during which any such Registration Default continues; provided that the
aggregate increase in such annual interest rate may in no event exceed
one-half of one percent (0.50%) per annum. Following the cure of
all Registration Defaults, the interest rate borne by the Securities
shall be reduced to the original interest rate borne by the Securities.
No increase in the rate shall be payable for any period during which a
Shelf Registration is effective. All accrued additional interest shall
be paid to Holders by the Company in the same manner as interest is
paid pursuant to the Indenture. All terms used in this Security that
are defined in the Registration Rights Agreement shall have the
meanings assigned to them in the Registration Rights Agreement.

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 Securities of this series
are not subject to any sinking fund.

INCLUDE IF SECURITY IS A
GLOBAL SECURITY: In the event of a deposit or withdrawal of an interest
in this Security, including an exchange, transfer, repurchase or
conversion of this Security in part only, the Trustee, as custodian of
the Depositary, shall make an adjustment on its records to reflect such
deposit or withdrawal in accordance with the rules and procedures of
the Depositary.

INCLUDE IF SECURITY IS A RESTRICTED SECURITY:
Subject to certain limitations in the Indenture, at any time when the
Company is not subject to Section 13 or 15(d) of the U.S. Securities
Exchange Act of 1934, as amended, upon the request of a Holder of a
Restricted Security, the Company will promptly furnish or cause to be
furnished Rule 144A Information (as defined below) to such Holder of
Restricted Securities, or to a prospective purchaser of any such
security designated by any such Holder, to the extent required to
permit compliance by any such Holder with Rule 144A under the
Securities Act of 1933, as amended (the ‘‘Securities
Act’’). ‘‘Rule 144A
Information’’ shall be such information as is specified
pursuant to Rule 144A(d)(4) under the Securities Act (or any successor
provision thereto).

The Indenture contains provisions for
defeasance at any time of (a) the entire indebtedness of the Company on
this Security and (b) certain restrictive covenants and
the

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related Defaults and Events of
Default, upon compliance by the Company with certain conditions set
forth therein, which provisions apply to this Security.

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 not less than a
majority in principal amount of the Outstanding Securities of each
series affected thereby. The Indenture also contains provisions
permitting the Holders of not less than specified percentages in
aggregate principal amount of the Outstanding Securities of each
series, on behalf of the Holders of all the 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 or on behalf of 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 or for any remedy thereunder, unless such Holder shall have
previously given to the Trustee written notice of a continuing Event of
Default with respect to this series, the Holders of not less than
25% in principal amount of the Outstanding Securities of this
series shall have made written request, and offered indemnity
reasonably satisfactory to it, to the Trustee to institute such
proceeding as trustee, and the Trustee shall not have received from the
Holders of a majority in principal amount 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 of or 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.

As provided in the Indenture and subject to
certain limitations therein set forth, the transfer of this Security is
registerable on the Security Register of the Company, upon surrender of
this Security for registration of transfer at the office or agency of
the Company maintained for such purpose in New York, New York or at
such other office or agency as the Company may designate, duly endorsed
by, or accompanied by a written instrument of transfer in form
satisfactory to the Company and the Security Registrar duly executed
by, the Holder hereof or his attorney duly authorized in writing, and
thereupon one or more new Securities of this series of 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 $2,000 and any integral multiple of $1,000
in excess thereof. As
provided

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in the Indenture and subject
to certain limitations therein set forth, the Securities of this series
are exchangeable for a like aggregate principal amount of Securities of
this series and of a different authorized denomination, as requested by
the Holder surrendering the same.

No service charge shall be
made for any registration of transfer or exchange of Securities, but
the Company may require payment of a sum sufficient to cover any tax or
other governmental charge payable in connection therewith.

Prior
to the time of 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 absolute owner hereof for all purposes, whether or not this
Security be overdue, and none of the Company, the Trustee or any agent
of the Company or the Trustee shall be affected by notice to the
contrary.

If at any time, a Depositary is at any time unwilling
or unable to continue as Depositary and a successor Depositary is not
appointed by the Company within 90 days, then the Company will execute
and the Trustee will authenticate and deliver Securities in definitive
registered form, in authorized denominations, and in an aggregate
principal amount equal to the principal amount of this Security in
exchange for this Security. Such Securities in definitive registered
form shall be registered in such names and issued in such authorized
denominations as the Depositary, pursuant to instructions from its
direct or indirect participants or otherwise, shall instruct the
Trustee. The Trustee shall deliver such Securities to the Persons in
whose names such Securities are so registered.

Unless the
certificate of authentication hereon has been duly executed by or on
behalf of The Bank of New York, the Trustee under the Indenture, or its
successor thereunder, by the manual or facsimile signature of one of
its authorized officers, this Security shall not be entitled to any
benefit under the Indenture, or be valid or obligatory for any
purpose.

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

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IN WITNESS WHEREOF, the Company has
caused this instrument to be duly executed.

							
	Dated:
June 16, 2006			VIACOM INC.

as
Issuer
	 			By:			 
	 			 			Name:
	 			 			Title:
	

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TRUSTEE'S CERTIFICATE OF
AUTHENTICATION

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

		THE
BANK OF NEW YORK, as Trustee

		By:
                                                                    

		Authorized Signatory

Dated: June
16, 2006

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APPENDIX
I TO SECOND SUPPLEMENTAL INDENTURE

EXCHANGE CERTIFICATE

VIACOM INC.

Floating Rate Senior Notes due
2009

		
	To: 	Viacom Inc.
1515 Broadway
New
York, NY 10036

The Bank of New York

We, as the
seller of the Senior Notes
(‘‘Seller’’), are requesting a
transfer (tick one of the following)
of:

		
	[    ] 	our beneficial
interest in the Offshore Global Securities to a purchaser wanting to
receive a beneficial interest in the U.S. Global
Securities.

		
	[    ] 	our
beneficial interest in the Offshore Global Securities to a purchaser
wanting to receive a definitive restricted
Security.

		
	[    ] 	our
beneficial interest in the Offshore Global Securities to a purchaser
wanting to receive a definitive Senior
Note.

		
	[    ] 	our
unrestricted definitive Senior Note to a purchaser wanting to receive a
beneficial interest in the U.S. Global
Securities.

		
	[    ] 	our
unrestricted definitive Senior Note to a purchaser wanting to receive a
restricted definitive Senior
Note.

		
	[    ] 	our
unrestricted definitive Senior Note to a purchaser wanting to receive a
beneficial interest in the Offshore Global
Securities.

		
	[    ] 	our
unrestricted definitive Senior Note to a purchaser wanting to receive
an unrestricted definitive Senior
Note.

		
	[    ] 	our
restricted definitive Senior Note to a purchaser wanting to receive a
beneficial interest in the Offshore Global
Securities.

		
	[    ] 	our
restricted definitive Senior Note to a purchaser wanting to receive a
beneficial interest in the U.S. Global
Securities.

1

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	[    ] 	our
restricted definitive Senior Note to a purchaser wanting to receive an
unrestricted definitive Senior
Note.

		
	[    ] 	our
restricted definitive Senior Note to a purchaser wanting to receive a
restricted definitive Senior
Note.

		
	[    ] 	our
beneficial interest in the U.S. Global Securities to a purchaser
wanting to receive a beneficial interest in the Offshore Global
Securities.

		
	[    ] 	our
beneficial interest in the Offshore Global Securities to a purchaser
wanting to receive a restricted definitive Senior
Note.

		
	[    ] 	our
beneficial interest in the U.S. Global Securities to a purchaser
wanting to receive an unrestricted definitive Senior Note.

In
connection with such request, and in respect of such Securities, we, as
the Seller do hereby certify that such Securities are being transferred
in accordance with the transfer restrictions set forth in the offering
memorandum prepared in connection with the issuance of the Securities
and the Securities and that we are transferring such Securities (tick
one of the
following):

		
	[    ] 	to a
person who the Seller reasonably believes is purchasing for its own
account or accounts as to which it exercises sole investment
discretion; such person and each such account is a
‘‘qualified institutional buyer’’ (as defined
in Rule 144A of the United States Securities Act of 1933, as amended
(the ‘‘Securities Act’’)); the
purchaser is aware that the sale to it is being made in reliance upon
Rule 144A; and such transaction meets the requirements of Rule 144A and
is in accordance with any applicable securities laws of any state of
the United States or any other jurisdiction, or

		
	[    ] 	in accordance with
Regulation S under the Securities Act, and accordingly the Seller does
hereby certify that:

			
		(i) 	the offer of the Securities
was not made to a person in the United
States;

			
		[(ii) 	at the
time the buy order was originated, the Buyer was outside of the United
States or the Seller or any person acting on its behalf reasonably
believed that the Buyer was outside the United
States;](1)

			
		[(ii) 	the
transaction was executed in, or on or through the facilities of a
designated offshore securities market and neither the Seller nor any
person acting on its behalf knows that the transaction was prearranged
with a Buyer in the United States;](1)

			
		(iii) 	no directed selling
efforts have been made in contravention of the requirements of Rule
903(a) or 904(a) of Regulation S, as
applicable;

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		(iv) 	the
transaction is not part of a plan or scheme to evade the registration
requirements of the Securities Act; and

			
		(v) 	with regard to transfers
occurring within the 40-Day Restricted Period, any beneficial interest
in Offshore Global Securities shall be held through either Euroclear or
Clearstream, Luxembourg.

		
	[    ] 	other than in
accordance with the above, and documents are being furnished to the
Company and the Registrar which comply with the conditions of transfer
set forth in the Senior Note and the relevant agreements.

If none of the foregoing boxes are ticked, the Registrar
shall not be obliged to register the transfer of the Senior Note.

Reference is hereby made to the Second Supplemental Indenture
dated as of June 16, 2006, between Viacom Inc. (the
‘‘Company’’) and The Bank of New
York, as trustee (the
‘‘Trustee’’), to the Indenture
dated as of April 12, 2006, between the Company and the Trustee, as
supplemented by the First Supplemental Indenture dated as of April 12,
2006 between the Company and the Trustee and as further supplemented by
the Second Supplemental Indenture dated June 16, 2006 between the
Company and the Trustee (as so supplemented, the
‘‘Indenture’’). Terms used but
not defined herein shall have the meanings given to them in the
Indenture. Other terms shall have the meanings given to them in
Regulation S.

	
		
	

		
	(1)	Include only one of
alternative paragraphs (ii) as
appropriate.

3

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[NAME OF
SELLER]

By:
                                                       

        Name of Seller

Dated:
                                                

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FORM OF TRANSFER

FOR VALUE
RECEIVED, the undersigned hereby transfers
to

	
		
	

	
		
	

(PRINT
NAME AND ADDRESS OF TRANSFEREE)

U.S.$                             principal
amount of this Security, and all rights with respect thereto, and
irrevocably constitutes and appoints
                                                                        
as attorney to transfer this Security on the books kept for
registration thereof, with full power of
substitution.

	Dated
                                                                	                                                                    
	
    	Certifying
Signature                                 

Signed
                                                                

Note:

(i)
The signature on this transfer form must correspond to the name as it
appears on the face of this Security.

(ii) A
representative of the holder of this Security should state the capacity
in which he or she signs (e.g., executor).

(iii) The
signature of the person effecting the transfer shall conform to any
list of duly authorized specimen signatures supplied by the registered
holder or shall be certified by a recognized bank, notary public or in
such other manner as the paying agent, acting in its capacity as
transfer agent or the Trustee, acting in its capacity as registrar, may
require.

5

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