Document:

Form of 2006 Put/Call Order Specification

    
      

    

     

    PUT/CALL
      ORDER SPECIFICATION

    

    This
      Put/Call Order
      Specification is made by Energizer Holdings, Inc. (“Counterparty”) for the
      increase of the Transaction amount under that certain written confirmation
      dated
      as of May 31, 2002, as amended from time to time, between Counterparty and
      Citigroup Global Markets Limited (“Citigroup”) (the “Confirmation”) (capitalized
      terms not defined herein shall have the meaning given those terms in the
      Confirmation). 

     

    CITIGROUP
      GLOBAL
      MARKETS LIMITED IS NOT REGISTERED AS A BROKER-DEALER UNDER THE SECURITIES
      EXCHANGE ACT OF 1934, AS AMENDED. CITIGROUP GLOBAL MARKETS INC. IS ACTING AS
      AGENT FOR CITIGROUP GLOBAL MARKETS LIMITED IN CONNECTION WITH THIS TRANSACTION.
      CITIGROUP GLOBAL MARKETS LIMITED IS YOUR COUNTERPARTY TO THIS
      TRANSACTION.

     

    A.)
      Put/Call
Order
      Specification Requirements

     

    1.) Commencing
      on
      August 17, 2006 (such day the “Commencement Date”) under that certain
      Confirmation (capitalized terms not defined herein shall have the meaning given
      those terms in the Confirmation), Citigroup will increase the Transaction amount
      on Counterparty’s behalf pursuant to this Put/Call Order Specification, provided
      that the total number of Shares applicable to this Put/Call Order Specification
      shall not exceed 110,000, and the total number of Shares applicable to any
      particular Tranche Date shall not exceed Rule 10b-18 limits. 

     

    B.)
Discontinuation
      of this Put/Call Order Specification

     

    Counterparty
      acknowledges and agrees that Citigroup may discontinue this Put/Call Order
      Specification in the event that: 

     

    1.)
 In
      the opinion of
      Citigroup’s counsel, effecting this Put/Call Order Specification would result in
      a violation of applicable law or a breach of any contract to which Citigroup
      or
      its affiliates are a party or by which it or its affiliates are
      bound.

     

    2.)
 Counterparty’s
      counsel notifies Citigroup that this Put/Call Order Specification would result
      in a violation of applicable law by Counterparty.

     

    3.) 
      Trading in the
      Shares is halted or suspended.

     

    4.)
 If
      Counterparty
      files a registration statement with the Securities and Exchange Commission
      relating to sale of the Shares (or any security into which the Shares is
      convertible).

     

    C.)
Modification
      of
      this Put/Call Order Specification

     

    Any
      modification of
      this Put/Call Order Specification by Counterparty will be made in good faith
      and
      not as part of a scheme to evade the prohibitions of Rule 10b-18, and only
      with
      Citigroup’s written consent. In particular, Counterparty agrees that it will not
      modify or propose to modify this Put/Call Order Specification at any time that
      it is aware of any material non-public information about it and/or the Shares.
      

     

    D.)
Termination
      of
      this Put/Call Order Specification

     

    1.) This
      Put/Call Order
      Specification will terminate on August 25, 2006 unless earlier terminated in
      the
      event one of the following occurs:

     

    a.) Citigroup
      determines, in its sole discretion, that it is prohibited for any reason from
      engaging in increasing the Transaction amount under this Put/Call Order
      Specification.

     

    b.) Citigroup
      receives
      notice that Counterparty has filed a petition for bankruptcy or reorganization,
      or a petition for bankruptcy has been filed against Counterparty and has not
      been dismissed within sixty (60) calendar days of its filing.

     

    E.)
Governing
      Law

     

    This
Put/Call
      Order
      Specification
      will be governed by, and construed in accordance with, the laws
      of the State
      of New York, without regard to such State’s conflict of laws rules.

     

        IN
      WITNESS WHEREOF,
      Counterparty has sent this Put/Call Order Specification as of the date first
      above written.

     

     

    Dated:
      August 17,
      2006

    ENERGIZER
      HOLDINGS,
      INC.

     

    By:
   

     

    Name:
      Daniel J.
      Sescleifer

    Title:
      Chief
      Financial Officer

     

    

     

    Confirmed
      as of the
      date first above written:

     

    CITIGROUP
      GLOBAL
      MARKETS INC.

    as
      agent for

    CITIGROUP
      GLOBAL
      MARKETS LIMITED

     

     

    By:
 

    Name:

    Title:Exhibit 4.1

EXECUTION COPY

 

 

CARLISLE COMPANIES INCORPORATED

and

U.S. BANK NATIONAL ASSOCIATION

as Original Trustee

and

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

as Series Trustee

FIRST SUPPLEMENTAL INDENTURE

Dated as of August 18, 2006

 

 

FIRST SUPPLEMENTAL
INDENTURE, dated as of August 18, 2006 (this “Instrument”), among
CARLISLE COMPANIES INCORPORATED, a Delaware corporation (the “Company”), U.S. BANK NATIONAL
ASSOCIATION (as successor to State Street Bank and Trust Company, as successor to
Fleet National Bank), a national banking association in its capacity as
existing trustee under the Indenture described below (the “Original Trustee”), and THE BANK OF NEW
YORK TRUST COMPANY, N.A., a national banking association (the “Series
Trustee”).

RECITALS

WHEREAS, pursuant to an Indenture dated as
of January 15, 1997 (the “Indenture”) between the Company and the
Original Trustee, the Company issued (i) $150,000,000 in aggregate principal
amount of its 7.25% Senior Notes due January 15, 2007 and (ii) $100,000,000 in
aggregate principal amount of its 6.70% Senior Notes due May 15, 2008
(collectively, the “Outstanding Notes”);

WHEREAS, the Company desires to issue
$150,000,000 aggregate principal amount of its 6 1/8% Notes due 2016 (the “New
Notes”) under the Indenture;

WHEREAS, the Company desires to appoint the
Series Trustee to serve as the Trustee under the Indenture solely with respect
to the New Notes;

WHEREAS, the Series Trustee is willing to
accept such appointment with respect to the New Notes;

WHEREAS, the Company desires the Original
Trustee to continue to serve as the Trustee under the Indenture with respect to
the Outstanding Notes and for all other purposes under the Indenture other than
with respect to the New Notes; and

WHEREAS, all things necessary to make this
First Supplemental Indenture a valid and legally binding agreement of the
Company, the Original Trustee and the Series Trustee, in accordance with its
terms, and a valid and legally binding amendment of, and supplement to, the Indenture
have been done.

NOW, THEREFORE, in consideration of the
premises and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:

ARTICLE ONE

APPOINTMENT OF SERIES TRUSTEE

Section 101.   Pursuant to Section 610 of the Indenture, the
Company hereby appoints the Series Trustee as Trustee under the Indenture with
respect to the New Notes and vests and confirms to the Series Trustee all
rights, powers, trusts, privileges, duties, security interests and obligations
of a Trustee under the Indenture with respect to the New Notes as of the date
hereof.

 

Section 102.   The parties hereto agree that the Series
Trustee’s execution and delivery of this First Supplemental Indenture to the
other parties hereto constitutes an Instrument accepting such appointment
within the meaning of Section 611 of the Indenture.

Section 103.   For any purposes relating to the New Notes or
the Series Trustee, references in the Indenture to “Corporate Trust Office” shall
be deemed to refer to the corporate trust office of the Series Trustee, which
is located at 10161 Centurion Parkway, Jacksonville, Florida 32256, Attention:
Corporate Trust Administration, or any other office of the Series Trustee at
which, any particular time, this Instrument shall be administered.

Section 104.   The parties hereto agree that this First
Supplemental Indenture does not constitute an assumption by the Series Trustee
of any liability of the Original Trustee arising out of any breach by the
Original Trustee in the performance of any of its duties as Trustee under the
Indenture or by any representative of the Original Trustee.

Section 105.   The parties hereto agree that the Original
Trustee shall not have any liability arising out of any breach by the Series
Trustee in the performance or non-performance of any of its duties as Trustee
under the Indenture with respect to the New Notes or by any representative of
the Series Trustee, or otherwise directly and solely caused by any action or
omission of the Series Trustee.

Section 106.   The Company agrees to indemnify the Series
Trustee for, and to hold it harmless against, any loss, liability or expense
(including the reasonable compensation and the expenses and disbursements of
its agents and counsel) arising out of or in connection with the performance or
non-performance of the Original Trustee of its duties under the Indenture,
including the costs and expenses of defending itself against any claim or
liability in connection therewith.  This
indemnification shall survive the termination of this First Supplemental
Indenture.

Section 107.    The Company agrees to indemnify the Original
Trustee for, and to hold it harmless against, any loss, liability or expense
(including the reasonable compensation and the expenses and disbursements of
its agents and counsel) arising out of or in connection with the performance or
non-performance of the Series Trustee of its duties under the Indenture with
respect to the New Notes, including the costs and expenses of defending itself
against any claim or liability in connection therewith.  This indemnification shall survive the
termination of this First Supplemental Indenture (and the Indenture).

ARTICLE TWO

THE ORIGINAL TRUSTEE

Section 201.   The Original Trustee hereby represents and
warrants to the Series Trustee that:

(a)           This Instrument has been duly authorized, executed and delivered on
behalf of the Original Trustee and constitutes its legal, valid and binding
obligation.

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(b)           The Original Trustee has made, or will make, available to the Series
Trustee, upon the Series Trustee’s reasonable request therefore, copies in its
possession of documents not otherwise available from the Company and necessary
for the administration of the New Notes.

Section 202.   The
Original Trustee hereby acknowledges that it will not serve as the Trustee
under the Indenture with respect to the New Notes; and the parties hereto
expressly acknowledge and agree that the Original Trustee shall have no duties
or obligations of any kind (under the Indenture or otherwise) with respect to
the New Notes or the issuance thereof; and the Original Trustee shall have no
responsibility or liability for the sufficiency or effectiveness of this
Supplemental Indenture for any purpose.

Section 203.   The
Original Trustee shall have no duties or obligations under or in respect of
this Supplemental Indenture except for such duties as may be expressly set
forth herein as duties on its part to be performed, and no implied duties or
obligations of any kind shall be read into this Supplemental Indenture on the
part of the Original Trustee.

ARTICLE THREE

THE COMPANY

Section 301.   The
Company hereby represents and warrants to the Series Trustee and the Original
Trustee that:

(a)           The
Company is a corporation duly and validly organized and existing pursuant to
the laws of the State of Delaware.

(b)           The
Indenture was validly and lawfully executed and delivered by the Company, has
not been amended or modified and is in full force and effect.

(c)           No
event has occurred and is continuing to occur which is, or after notice or
lapse of time would become, an Event of Default under the Indenture.

(d)           There
is no action, suit or proceeding pending or, to the best of the Company’s
knowledge, threatened against the Company before any court or any governmental
authority arising out of any action or omission by the Company under the
Indenture.

(e)           This
Instrument has been duly authorized, executed and delivered on behalf of the
Company and constitutes its legal, valid and binding obligation.

(f)            All
conditions precedent relating to the appointment of the Series Trustee as a
Trustee under the Indenture have been complied with by the Company.

Section 302.   The Company shall execute and deliver such
further Instruments and shall do such other things as the Series Trustee may
reasonably require so as to more fully and certainly vest and confirm in the
Series Trustee all rights, powers, duties and obligations hereby assigned,
transferred, delivered and confirmed to the Series Trustee.  Without limiting the generality of the
foregoing, and for the avoidance of doubt, the Company hereby expressly

 3
 

 

agrees that all reports,
Opinions of Counsel, Officer Certificates, compliance certificates and other
documents required to be delivered from time to time pursuant to the terms of
Sections 704, 802, 902 ad 1006 of the Indenture shall be delivered and
addressed to each of the Original Trustee (for so long as the Outstanding Notes
remain Outstanding) and the Series Trustee (for so long as the New Notes remain
Outstanding).

ARTICLE
FOUR

THE SERIES TRUSTEE

Section 401.   The
Series Trustee hereby represents and warrants to the Original Trustee and the
Company that:

(a)           The
Series Trustee is qualified and eligible under the provisions of Section 609 of
the Indenture to act as Trustee under the Indenture.

(b)           This
Instrument has been duly authorized, executed and delivered on behalf of the
Series Trustee and constitutes its legal, valid and binding obligation.

Section 402.   The
Series Trustee hereby accepts its appointment as Trustee under the Indenture
with respect to the New Notes and shall hereby be vested with all rights,
powers, duties and obligations of the Trustee under the Indenture with respect
to the New Notes and with respect to all property and monies held or to be held
under the Indenture with respect to the New Notes.

ARTICLE FIVE

MISCELLANEOUS PROVISIONS

Section 501.   Except as
otherwise expressly provided or unless the context otherwise requires, all
capitalized terms used herein which are defined in the Indenture shall have the
meanings assigned to them in the Indenture.

Section 502.   This
Instrument and the appointment and acceptance effected hereby shall be
effective as of the date first above written.

Section 503.   The Original
Trustee shall be entitled to compensation and reimbursement to the extent
provided under Section 607, clauses (1) and (2), of the Indenture in connection
with its ongoing trusteeship under the Indenture with respect to the
Outstanding Notes, but not with respect to the New Notes; and the Original
Trustee shall continue to be entitled to indemnification as provided in Section
607, clause (3), of the Indenture.  The
Series Trustee shall be entitled to compensation, reimbursement and
indemnification as set forth in Section 607 of the Indenture with respect to
the New Notes, which rights and obligations shall survive the execution hereof.

Section 504.   This First
Supplemental Indenture shall be governed by and construed in accordance with
the laws of the State of New York.

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Section 505.   This Instrument may be executed in any number
of counterparts, each of which shall be an original, but such counterparts
shall together constitute but one and the same Instrument.

Section 506.   This Series Trustee makes no representations
as to the validity or sufficiency of this Instrument.  The recitals and statements herein (other
than those made expressly by the Series Trustee or the Original Trustee) are
deemed to be those of the Company and not of the Series Trustee or the Original
Trustee.

Section 507.   Any request, demand, authorization,
direction, notice, consent, waiver or other document provided or permitted by
this First Supplemental Indenture to be made upon, given or furnished to, or
filed with,

(a)           the Original Trustee by the Company
or by the Series Trustee shall be sufficient for every purpose herein if made,
given, furnished or filed in writing to or with the Original Trustee at US Bank
Corporate Trust Services, 225 Asylum Street, 23rd Floor, Hartford, CT 06103, or

(b)           the Series Trustee by the Company or
by the Original Trustee shall be sufficient for every purpose herein if made,
given, furnished or filed in writing to or with the Series Trustee at The Bank
of New York Trust Company, N.A., 10161 Centurion Parkway, Jacksonville, FL
32256, Attention: Corporate Trust Administration, or

(c)           the Company by the Original Trustee
or by the Series Trustee shall be sufficient for every purpose herein if in
writing and mailed, first-class postage prepaid, to the Company addressed to it at Carlisle
Companies Incorporated, 13925 Ballantyne Corporate Place, Suite 400, Charlotte,
NC 28277, Attention:  Treasurer or
at any other address previously furnished in writing to the Original Trustee
and Series Trustee by the Company.

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

	
   

  	
  CARLISLE COMPANIES INCORPORATED

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ CAROL P. LOWE

  	
   

  
	
   

  	
   

  	
  Name: Carol P. Lowe

  
	
   

  	
   

  	
  Title: Vice President and Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  U.S. BANK NATIONAL ASSOCIATION, as

  Original Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ ARTHUR L. BLAKESLEE

  	
   

  
	
   

  	
   

  	
  Name: Arthur L. Blakeslee

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  THE BANK OF NEW YORK TRUST COMPANY,

  N.A., as Series Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ TINA D. GONZALEZ

  	
   

  
	
   

  	
   

  	
  Name: Tina D. Gonzalez

  
	
   

  	
   

  	
  Title: Assistant Treasurer

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