Document:

EXHIBIT 10.1

                           EXECUTIVE SERVICE AGREEMENT

THIS EXECUTIVE SERVICE AGREEMENT (the "Agreement") is deemed made,  entered into
and effective this 22nd day of September, 2009 (the "Effective Date").

Between:  Mainland  Resources,  Inc., a Nevada  Corporation,  with its principle
business address at 17314 State Highway 249, Suite 306, Houston, Texas 77064

(the "Company").

And: Mark N. Witt, an individual,  with his principal  business address at 15910
North. Barkers Landing Road, Houston, Texas 77079

(the "Executive").

WHEREAS:

A. The Company is a reporting company  incorporated  under the laws of the State
of Nevada,  U.S.A.,  and has its common  shares listed for trading on the NASDAQ
Over-The-Counter Bulletin Board;

B. The Company is involved in the principal business of acquiring, exploring and
developing various resource  properties of merit and particularly those resource
properties  which  constitute oil and gas exploration and development  prospects
(collectively, the "BUSINESS");

C. The  Executive  is a  professional  within the oil and gas  industry  and has
extensive experience in and specialized knowledge in providing consulting advise
on exploration strategies,  management and operational service considerations to
oil and gas exploration  companies involved in the areas of Business carried out
by the Company and desires to provide  professional  consulting  services to the
Company and act in the capacity as its  Treasurer/Chief  Financial Officer and a
Director;

D. The  Company  desires  to retain  the  Executive  to  continue  to act in the
capacity  as the  Treasurer/Chief  Financial  Officer  and a  Director,  and the
Executive  desires to accept such  positions,  in order to provide  such related
services to the Company (collectively, the "GENERAL SERVICES");

E. It is the intention of the Company and the  Executive  (at times  referred to
herein as "Parties") hereby to memoralize all such agreements and understandings
between them relating to the terms and  conditions of the General  Services and,
correspondingly,  it is their further intention that the terms and conditions of
this agreement (the "AGREEMENT") will replace, in their entirety, all such prior
discussions,  negotiations,  understandings  and agreements  with respect to the
General Services;

F. The Parties hereto have agreed to enter into this Agreement  which  replaces,
in its entirety,  all such prior discussions,  negotiations,  understandings and
agreements,  and,  furthermore,  which  necessarily  clarifies their  respective
duties and  obligations  with  respect to the  General  Services  to be provided
hereunder, all in accordance with the terms and conditions of this Agreement;

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G. The Parties do not wish this  Agreement  to be an  employment  agreement  and
intend to maintain an independent contractor  relationship whereby the Executive
will continue to provide the General  Services  hereunder.  The Executive  shall
allocate, in his discretion, the amount of time appropriate to providing General
Services  to the  Company  and the  manner of the  provision  of any part of the
General  Services.  The  Executive  may  choose  the  location  from  which  the
Executive's  General  Services are rendered,  select the times during which such
General  Services are rendered,  and the optimal form of  communication  through
which to  deliver  or provide  such  General  Services.  Provided  however,  all
decisions of the  Executive in rendering  the General  Services  must be made in
good faith, in the best mutual  interests of the Executive and the Company,  and
carried out in a manner that is  generally  consistent  with  accepted  industry
standards for the provision of such General Services.

H. This Agreement  when duly signed and accepted by the  Executive;  will define
the duties,  responsibilities  and  obligations of the Executive;  set forth and
provide  the  consideration,  expense  allowances  and any  other  consideration
offered or provided to the Executive hereunder; and as offered by the Company to
other independent  contractors  providing  professional  services and consulting
services to the Company.

NOW THEREFORE,  in  consideration  of the recited  ongoing  relationship  of the
Parties  and the  promises,  covenants,  assurances,  agreements  and  financial
compensation  provided  by and  between  the  Parties  all of which is  mutually
acknowledged  as good and sufficient  consideration,  by and between the Parties
hereto, and the Company and the Executive hereby promise,  covenant and agree as
follows:

1.       REMUNERATION

1.1      The Company shall pay to the Executive a monthly fee of $10,000.00 (the
         "Executive  Fee") and an expense  allowance in such amounts as may from
         time to time be agreed to by and between the Executive and the Company.

1.2      The Company  shall grant an aggregate of 3,000,000  stock  options (the
         "Stock  Options") to the Executive under its 2008 Stock Option Plan, as
         amended (the "Stock  Option  Plan") on the  Effective  Date.  The Stock
         Options shall expire ten (10) years from the  Effective  Date and shall
         vest in incremental  periods as reflected below (each,  hereinafter the
         "Vesting  Date").  The exercise price at each Vesting Date shall be the
         lesser of: (a) the thirty-day  weighted  average price of the Company's
         shares of common stock prior to each of the respective Vesting Date; or
         (ii) the issue price as  established  by the Board of  Directors of the
         Company's  shares  of  common  stock  at  each of the  equity  fundings
         referenced  below in (i). The Vesting  Date of the Stock  Options is as
         follows: (i) 1,500,000 Stock Options shall vest on the date the Company
         closes equity funding(s)  aggregating  $10,000,000;  (ii) 500,000 Stock
         Options  shall vest when the Company  has  successfully  completed  its
         listing  and  commences  trading of its  shares of common  stock with a
         designated  trading  symbol  (the  "Trading  Date")  with the NYSE Amex
         Equities,  formerly known as the American  Stock  Exchange  ("NYSE Amex
         Equities") or comparable  major  exchange;  (iii) 500,000 Stock Options
         shall vest at the one year  anniversary  date of the Trading  Date (the
         "First Trading Anniversary Date"); and (iv) 500,000 Stock Options shall
         vest at the one year anniversary date of the First Trading  Anniversary
         Date (the "Second Trading Anniversary Date").

1.3      The terms and conditions for payment of monthly  service fees,  expense
         allowances,  reimbursement  for  the  cost  of  providing  the  General
         Services, grant of Stock Options, and other similar matters relating to
         financial  consideration  payable to the  Executive  hereunder are only
         binding on the Parties and form part of this  Agreement when reduced to
         writing,   signed  by  the  Parties  or  their  respective   authorized
         signatories, and provided in the body of this Agreement.

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1.3      The  compensation   provided  for  herein  will  be  inclusive  of  any
         remuneration  otherwise  payable  to the  Executive  for  serving  as a
         director of the Company or any subsidiary of the Company at the request
         of the Company during the currency of this Agreement.

2.       EXPENSES

2.1      The  Company  shall  reimburse  the  Executive  the full amount for all
         expenses reasonably incurred by the Executive in the proper performance
         of the General  Services,  where such expenses are  pre-approved  under
         this  Agreement,  pre-approved by the Company's Board of Directors (the
         "Board")  or the  controller  of the Company at any  specified  rate or
         amount, or upon the Executive providing such receipts or other evidence
         as the Company may reasonably require.

3.       NOTICE OF TERMINATION AND TERMINATION OF THE AGREEMENT

3.1      Any Party can terminate  this  Agreement  upon thirty (30) days written
         notice (herein called "Notice of Termination") to the other Parties. If
         the Company  terminates the Agreement prior to the Termination Date for
         any reason other than the Executive's  gross  negligence,  all unvested
         Stock  Options  shall vest and  become  immediately  exercisable  for a
         period of ninety (90) days and the Company  shall pay the  Executive an
         amount  equal to six (6) months of  Executive  Fees within  thirty (30)
         days of written Notice of Termination.

3.2      In the event that the Company  terminates this Agreement for any reason
         without providing the required Notice of Termination,  then the Company
         shall pay the  Executive  the amount of the  Executive  Fee as required
         monthly up and to the Termination Date (as defined below).

3.3      The Executive is required to provide  Notice of  Termination  herein to
         the Company  and his failure to do so will  entitle the Company to only
         pay the Executive Fee on a prorated  basis up to the date of the Notice
         of Termination by the Executive without notice.

3.4      All  expenses and other  reimbursable  cost  payable to  the  Executive
         hereunder are payable to the date of effective Notice of Termination as
         provided hereunder.

4.       TERM OF AGREEMENT

4.1      Unless  otherwise  agreed to in writing by the Parties,  this Agreement
         will  commence  on the  Effective  Date and  continue on for a two-year
         period at which date it shall terminate (herein called the "Termination
         Date"). The Agreement may be renewed on an annual basis thereafter upon
         the mutual consent of the Parties.

5.       GENERAL SERVICES

5.1      During the  continuance  of this Agreement the Company hereby agrees to
         appoint and to retain the  Executive as a Director and as the Treasurer
         and Chief Financial Officer of the Company, respectively. The Executive
         hereby agrees to be subject to the direction and supervision of, and to
         have such  authority as is delegated to the  Executive by, the Board of
         Directors of the Company (the "Board"), consistent with such positions.
         The  Executive  also agrees to accept such  positions in order to carry
         out the duties of a  Director  and to provide  such  related  services,
         associated with the positions of Treasurer and Chief Financial Officer,
         as the Board may, from time to time, reasonably assign to the Executive
         and as may be necessary for the ongoing  maintenance and development of
         the Company's various Business interests during the continuance of this
         Agreement (herein collectively described as the "GENERAL SERVICES").

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5.2      It being  expressly  acknowledged  and agreed by the  Parties  that the
         Executive  will  commit  to and  provide  to the  Company  the  General
         Services  on the basis set forth  herein.  In this  regard it is hereby
         acknowledged  and agreed that the  Executive,  as  Treasurer  and Chief
         Financial Officer, shall be entitled to communicate with and shall rely
         upon the  immediate  advice,  direction and  instructions  of the Chief
         Executive  Officer,  and shall have direct  responsibility to the Audit
         Committee and the Board of Directors as a whole.

5.3      Without in any manner  limiting the generality of the General  Services
         to be  provided  as set forth in Section 5.1 and 5.2 herein and subject
         to the  provisions of letter "G" of the Recitals  hereof,  it is hereby
         also   acknowledged   and  agreed  that  Executive  will,   during  the
         continuance  of  this  Agreement,   devote  a  substantial   amount  of
         professional and business effort, energy and enterprise, both as to the
         time and commitment, to the General Services.

5.4      The  Executive  will  perform  the said  General  Services  faithfully,
         diligently,  to the  best  of the  Executive's  capabilities  with  the
         resources at its disposal and in the best interests of the Company.

5.5      Included in the  general  definition  and meaning of General  Services,
         hereunder, are those duties,  responsibilities and obligations that the
         Executive has agreed to be bound by as a Director.

5.6      In any event the Executive  will not engage in any activity which is in
         a conflict of interests  with its  engagement  under this  Agreement or
         contrary to the best  interests  of the Company.  In that  regard,  the
         Executive and the Company shall  regularly  consult and make  necessary
         and  appropriate  records  available to one another to assure them, and
         each of them,  that no potential or actual  conflict of interest arises
         in the performance of the responsibilities hereunder by the Executive.

6.       CONFIDENTIALITY, NON-DISCLOSURE, NON-COMPETITION AND NON-CIRCUMVENTION

6.1      Subject to the provisions of Section 5.6 hereof to prevent conflicts of
         interest,  the Executive hereby covenants,  promises and agrees that he
         will  be  provided   with   confidential,   proprietary   and  valuable
         information by the Company about its clients, properties, prospects and
         financial  circumstances  from time to time during the currency of this
         Agreement,  in order to permit the  Executive to properly,  effectively
         and efficiently carry out its tasks,  duties and activities  hereunder.
         However,  by providing such disclosure of  Confidential  Information to
         the  Executive,  the  Company  relies  on the  Executive  to hold  such
         information  as  confidential  and  only  disclose  the  same to  those
         parties,    whether    directors,    officers,    employees,    agents,
         representatives  or clients and contacts of the Executive  "who need to
         know",  in order that the  Executive  can carry out the objects of this
         Agreement  as provided  for herein and as  communicated  as between the
         Company and the Executive during the currency of this Agreement. Due to
         the nature of the  relationship of the Executive to the Company no more
         precise limitations can be placed on the Executive's use and disclosure
         of Confidential  Information  received from the Company pursuant hereto
         than as described herein.

6.2      The  general  nature of the  Agreement  between the Parties is that the
         Executive  (also  called  the  "Independent  Contractor")  acting as an
         independent  contractor  and  consultant  to the  Company,  whereby the
         Independent  Contractor  will  act  on  the  Company's  behalf  in  the
         promotion  of the  Company's  interests  and  by way of  introductions,
         consulting  to and  advising of the  Company on matters  related to the
         Business.  With the broad  mandate and scope of this  relationship  the
         Company  must  rely  on the  fiduciary  duty  of good  faith  that  the
         Executive  owes the Company as provided  under this  Agreement and as a
         Director  and  Officer  of the  Company,  when the  Company  is  making
         disclosure to the Independent  Contractor of  Confidential  Information
         about  Business  opportunities  and  competitive  advantages  which the
         Company has  cultivated  and developed.  All  Confidential  Information
         disclosed to the  Executive is disclosed on the strict  condition  that
         the  Independent  Contractor,  will not now or at any future time,  use
         such  Confidential  Information  received from the Company hereunder in

<PAGE>

         any manner inconsistent with the best interests of the Company,  except
         with the express written permission of the Company. The result of these
         terms and conditions of disclosure of  Confidential  Information to the
         Independent   Contractor  by  the  Company  is  that  the   Independent
         Contractor will:

         (a)      Only  disclose  such  Confidential  Information  on a "need to
                  know" basis, but it will be up to the Independent Contractor's
                  reasonable  discretion  in acting on behalf of and in the best
                  interests  of the  Company to  determine  what group or groups
                  "need to know" about such  information  pursuant to the nature
                  and scope of this Agreement;

         (b)      The disclosure of Confidential Information from the Company to
                  the Independent Contractor further to the intents and purposes
                  of this  Agreement  will prohibit the  Independent  Contractor
                  from directly or indirectly using the Confidential Information
                  in a manner that is in  conflict  with or contrary to the best
                  interests of the Company,  except with the  Company's  written
                  consent;

         (c)      The   Independent   Contractor   will  not  use   Confidential
                  Information  in a manner that in the view of the Company would
                  constitute a direct or indirect use for a purpose  which is in
                  competition with the best interests of the Company or would be
                  a  circumvention  of the  Company's  right  or  interest  in a
                  particular Business opportunity.

         (d)      The  meaning  of  Confidential   Information   (herein  called
                  "Confidential   Information")  will  include  any  information
                  disclosed  by the  Company  that is  declared  by the  Company
                  either  verbally  or in  writing,  depending  on the  means of
                  communication of such Confidential  Information by the Company
                  to the Independent Contractor.

         (e)      The restrictions on disclosure of Confidential  Information do
                  not apply to any of the following circumstances:

         (i)      Information  forming part of the public  domain,  which became
                  such through no disclosure or breach of this  Agreement on the
                  Independent Contractor's behalf;

         (ii)     Information which the Independent Contractor can independently
                  prove was  received  from a Third  Party,  which  was  legally
                  entitled to disclose such information;

         (iii)    Information  which  the  Independent   Contractor  is  legally
                  obligated to disclose in compliance  with any applicable  law,
                  statute,   regulation,   order,  ruling  or  directive  of  an
                  official,   tribunal  or  agency   which  is  binding  on  the
                  Executive,  provided that the Independent Contractor must also
                  provide  the  Company  with  notice of such  disclosure  at or
                  before releasing or disclosing the Confidential Information to
                  such  official,  tribunal  or  agency so that the  Company  is
                  afforded an  opportunity  to file a written  objection to such
                  disclosure with such official, tribunal or agency.

6.3      The Independent  Contractor  understands,  acknowledges and agrees that
         the covenants to keep the Confidential Information confidential and not
         disclose it to Third Parties, except in conformity with this Agreement,
         is  necessary to protect the  proprietary  interests of Company in such
         Confidential  Information  and a breach of these  covenants would cause
         significant loss to the Company in regard to its competitive advantage,
         market   opportunities   and  financial   investment   associated  with
         protection of its Confidential Information.

<PAGE>

6.4      The Independent Contractor further understands, acknowledges and agrees
         that a breach of these  covenants of  confidentiality,  non-disclosure,
         non-competition  and   non-circumvention   under  this  Section  6  (in
         combination the "Covenants of  Confidentiality,  Non-Circumvention  and
         Non  Disclosure"),  will  likely  cause  such  irreparable  harm to the
         Company  that  damages  alone  would be an  inadequate  remedy  and the
         Independent  Contractor  consent  and  agree  such  equitable  remedies
         including  injunctive  relief  against  any  further  breach  which are
         reasonably  justified  in addition to any claim for damages  based on a
         breach of these Covenants of Confidentiality, Non-Circumvention and Non
         Disclosure.

6.5      The Parties mutually acknowledge,  confirm and agree that the Covenants
         of Confidentiality,  Non-Circumvention  and Non-Disclosure will survive
         Termination of this Agreement and will continue to bind the Independent
         Contractor  to protect  the  Company's  interest  in such  Confidential
         Information disclosed pursuant hereto.

7.       CHANGE OF CONTROL.

7.1      Where a Change  of  Control  occurs  prior to the  Termination  of this
         Agreement, then the Independent Contractor will be entitled at any time
         within one (1) month of the  occurrence  of the Change of  Control,  to
         terminate  this  Agreement  by giving the other Party  thirty (30) days
         notice  in  writing  of  the  Independent   Contractor's  intention  to
         terminate the Agreement.  In the event that the Independent  Contractor
         Terminates  the Agreement,  then the Company or the legal  successor to
         the Company  (where a Change of Control  involves a merger,  take-over,
         acquisition or similar arrangement  accompanying the Change of Control,
         which actually or effectively results in the elimination of the Company
         as a separate or subsisting  legal entity whereby it is replaced by the
         legal  successor  which  will  hereinafter  be  called  the  "Successor
         Company"),   will  be  obligated  to  pay  a  termination   bonus  (the
         "Termination Bonus") to the Independent Contractor equal to the greater
         of the  remaining  Executive  Fees for the Term of Agreement or six (6)
         months of  Executive  Fees in  addition  to all unpaid  amounts due and
         owing to the Independent  Contractor by the Company at the time of such
         Termination.

7.2      Payment  of  the  Termination  Bonus  to  the  Executive   pursuant  to
         sub-section  7.1 will be made by the Company or the  Successor  Company
         within thirty (30) days of the date that the notice of termination  was
         delivered by the terminating  Party,  and such  Termination  Bonus will
         only be payable where:

         (a) the Independent Contractor is not in breach of any of the terms and
         conditions  of this  Agreement  such that the Company or the  Successor
         Company,  as the case may be, is legally  entitled  to  terminate  this
         Agreement pursuant hereto, and

         (b) the  Independent  Contractor  delivers a duly executed copy of such
         signed  release  and waiver of claim as  prepared by the Company or the
         Successor  Company  pursuant to the settlement  that: such  Termination
         Bonus  together  with all other  outstanding  monies  duly owing to the
         Executive will, upon payment pursuant to this sub-sections 7.2 and 7.3,
         constitute a full and final payment and consideration, in settlement of
         any  and  all  outstanding   claims  or  potential  claims,   that  the
         Independent  Contractor  has or may have  against  the  Company  or the
         Successor  Company,  or their respective Board of Directors,  Officers,
         successors  or other  assigns,  arising  out of or in  relation  to the
         Independent  Contractor  relationship  to the Company or the  Successor
         Company under this Agreement.

<PAGE>

7.3      Where the Change of Control  triggers the  obligation of the Company or
         the Successor  Company to pay the Termination Bonus pursuant to 7.1 and
         7.2 herein, the Independent  Contractor will have the right to exercise
         any Stock Options as granted  under this  Agreement or as may have been
         previously  granted  to the  Executive  in his  capacity  as  either an
         officer or  director of the  Company,  for a period of ninety (90) days
         from the date of Termination (the "Post Termination  Exercise Period").
         Unless  prohibited  by law or the  constitution  of the  Company or the
         Successor  Company,  where any of the  Independent  Contractor's  Stock
         Options would not have  otherwise  vested and thereby be exercisable by
         the Independent  Contractor  before the expiry of the Post  Termination
         Exercise  Period,  the  Company  will  elect  to do  either  one of the
         following, (on the advise of its corporate and securities attorney):

         (a)      extend the Post Termination Exercise Period; or,

         (b)      collapse the length of the Stock Option vesting period,so that
         the Independent  Contractor's total issued stock options in the Company
         securities  (if  any)  can be  legally  exercised  by  the  Independent
         Contractor within the Post Termination Exercise Period,

         where the  Independent  Contractor  so choses to  exercise  such of the
         Company's  stock  options  as are in  their  possession  at the time of
         Termination.

8.       Indemnification

8.1      The Company agrees to indemnify, defend and hold harmless the Executive
         for any and all acts and omissions that are not due to the  Executive's
         gross negligence or gross misconduct.  Further the Company will use its
         best efforts to obtain as soon as  practical  and maintain at all times
         the  appropriate  directors  and  officers  insurance  policy while the
         Executive provides such services for the Company.

9.       General Clauses

9.       GOVERNING LAW, JURISDICTION AND CURRENCY

9.1      This Agreement  shall be governed by and interpreted in accordance with
         the  laws  of  the  State  of  Nevada,  without  giving  effect  to the
         principles of conflicts of law thereof.

9.2      Unless  otherwise  mutually  agreed to in writing by the  Parties,  any
         action,  proceeding or  arbitration in regard to a dispute or direction
         relating to the subject  matter of this Agreement will be solely within
         the  jurisdiction of the appropriate  court,  tribunal or arbitrator of
         competent jurisdiction within the State of Nevada.

9.3      Unless  otherwise  expressly  provided  for  herein or  agreed  upon in
         writing by the Parties,  all references to money or money consideration
         are deemed to be in United States Currency ("US$")

<PAGE>

10.      NOTICE

10.1     All  notices  to be  given  with  respect  to  this  Agreement,  unless
         otherwise  provided for,  shall be given to Executive,  the Company and
         the  Executive  at the  respective  addresses,  fax  numbers  and email
         addresses shown below or otherwise  communicated by the Parties to each
         other for such notice and service  matters  during the currency of this
         Agreement.

10.2     All notices,  requests, demands or other communications made by a Party
         will be deemed to have been duly delivered: (i) on the date of personal
         delivery utilizing a process server, courier or other means of physical
         delivery to the intended recipient ("Personal Service"); or (ii) on the
         date of facsimile  transmission  (the "Fax") on proof of receipt of the
         Fax;  or  (iii) on the  date of  electronic  mail  (the  "email")  with
         verifiable proof of receipt of such email; or (iv) on the seventh (7th)
         day after mailing by registered mail with postage prepaid  ("Registered
         Mail"),  to the Party's address,  Fax number,  email address set out in
         this Agreement or such other  addresses Fax numbers or email address as
         the Parties or their  Representatives may have from time to time during
         the currency of this  Agreement or thereafter and  communicated  to the
         other Parties for the purposes of this Agreement.

                           To: Mainland Resources Inc.
            17314 State Highway 249, Suite 306, Houston, Texas 77064

                                       Or
                       C/o Diane D. Dalmy, Attorney At Law
                              8965 W. Cornell Place
                            Lakewood, Colorado 80227
                               Tel: (303) 985-9324
                               Fax: (303) 988-6954
                           Emaile:ddalmy@earthlink.net

                                To: Mark N. Witt
                        15910 North Barkers Landing Road
                              Houston, Texas 77079

11.      ENTIRE AGREEMENT

11.1     This Agreement  constitutes  the entire  agreement  between the Parties
         with respect to the subject  matter  hereof and  replaces,  restates in
         full and supersedes all other prior agreements and understandings, both
         written and oral.

12       ASSIGNMENTS

12.1     The Parties agree that neither will assign this Agreement without prior
         written consent of the other Party.

13.      INUREMENT

13.1     This  Agreement  shall be binding  upon and inure to the benefit of the
         parties and their  respective  successors and authorized  assigns.  Any
         attempt by either  party to assign any  rights,  duties or  obligations
         that may arise under this Agreement  without the prior written  consent
         of the other party shall be void.

<PAGE>

14.      ENTIRE AGREEMENT AND SEVERANCE

14.1     This document  contains the entire  agreement  between the Parties with
         respect to the subject matter  hereof,  and neither Party is relying on
         any agreement,  representation,  warranty,  or other  understanding not
         expressly  stated  herein.  In the  event  that any  provision  of this
         Agreement will be held to be invalid,  illegal or  unenforceable in any
         circumstances,  the remaining  provisions will  nevertheless  remain in
         full  force and effect and will be  construed  as if the  unenforceable
         portion or portions were deleted.

15.      TIME IF OF THE ESSENCE

15.1     Time is of the  essence  in  this  Contract.  A  waiver  of the  strict
         performance requirements hereunder in on instance will not constitute a
         waiver for any other instance  where time for  performance is specified
         herein..

16       COUNTERPARTS AND EXECUTION ELECTRONICALLY

16.1     Where the Parties hereto or their  authorized  signatories have signed,
         sealed and duly executed this Agreement  effective the date above shown
         whether  as  a  whole   document  in   original   form  or  in  several
         counterparts;  each such counterpart shall be considered as an original
         and in combination  comprises the formal execution hereof.  The Parties
         acknowledge  and consent to the  execution  of this  Agreement  and all
         related documents and notices pursuant hereto by electronically scanned
         signatures or facsimile  transmission,  either of which will constitute
         good and sufficient  execution,  service and notice for all intents and
         purposes  hereunder  and will be  deemed  to be as  effective  as if an
         originally "signed-in-hand" physical document was used instead.

THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.

<PAGE>

IN WITNESS WHEREOF this Agreement is hereby signed,  sealed and duly executed by
the Parties or their duly  authorized  signatories  on the Effective  Date first
above written.

The COMMON SEAL of Mainland Resources Inc.  )
was affixed in the presence of              )
                                            )
                                            ) (C/S)
                                            )

Authorized Signatory                        )

SIGNED, SEALED and DELIVERED by             )
Michael J. Newport in the presence of:      )
                                            )
                                            )
                                            )

Signature of Witness                        ) _____________

                                            ) Mark N. Witt
                                            )

Address of Witness                          )
                                            )
                                            )

Name and Occupation of Witness              )Exhibit 4.1

 

EXECUTION VERSION

 

TYCO INTERNATIONAL FINANCE S.A.,

as Issuer

 

 

AND

 

 

TYCO INTERNATIONAL LTD.

as Parent

 

 

AND

 

 

DEUTSCHE BANK TRUST

COMPANY AMERICAS,

as Trustee

 

 

SECOND
SUPPLEMENTAL INDENTURE

Dated as of October 5, 2009

 

 

$500,000,000 of 4.125% Notes due 2014

 

 

i

 

THIS
SECOND SUPPLEMENTAL INDENTURE is dated as of October 5, 2009 among TYCO
INTERNATIONAL FINANCE S.A., a Luxembourg company (the “Company”), TYCO INTERNATIONAL LTD., a Swiss
corporation (“Parent”), and
DEUTSCHE BANK TRUST COMPANY AMERICAS, a New York banking corporation (the “Trustee”).

 

RECITALS

 

A.            Parent, the Company and the
Trustee executed and delivered an Indenture, dated as of January 9, 2009
(the “Base Indenture”), to provide
for the issuance by the Company from time to time of unsubordinated debt
securities evidencing its unsecured indebtedness.

 

B.            Pursuant to resolutions of a
duly authorized Pricing Committee of the Board of Directors, the Company has
authorized the issuance of $500,000,000 principal amount of 4.125% Notes due
2014 (the “Offered Securities”).

 

C.            The entry into this Second
Supplemental Indenture by the parties hereto is in all respects authorized by
the provisions of the Base Indenture.

 

D.            Parent and the Company
desire to enter into this Second Supplemental Indenture pursuant to Section 9.01
of the Base Indenture to establish the terms of the Offered Securities in
accordance with Section 2.01 of the Base Indenture and to establish the
form of the Offered Securities in accordance with Section 2.02 of the Base
Indenture.

 

E.             All things necessary to make
this Second Supplemental Indenture a valid indenture and agreement according to
its terms have been done.

 

NOW,
THEREFORE, for and in consideration of the foregoing premises, Parent, the
Company and the Trustee mutually covenant and agree for the equal and
proportionate benefit of the respective holders from time to time of the
Offered Securities as follows:

 

ARTICLE I

 

Section 1.1.            Terms of Offered Securities.

 

The
following terms relate to the Offered Securities:

 

(1)           The Offered Securities
constitute a series of securities having the title “4.125% Notes due 2014”.

 

(2)           The initial aggregate
principal amount of the Offered Securities that may be authenticated and
delivered under the Base Indenture (except for Offered Securities authenticated
and delivered upon registration of, transfer of, or in exchange for, or in lieu
of, other Offered Securities pursuant to Section 2.05, 2.06, 2.07, 2.11,
or 3.03) is $500,000,000.

 

(3)           The entire Outstanding
principal of the Offered Securities shall be payable on October 15, 2014.

 

2

 

(4)           The rate at which the
Offered Securities shall bear interest shall be 4.125% per year.  The date from which interest shall accrue on
the Offered Securities shall be October 5, 2009, or the most recent
Interest Payment Date to which interest has been paid or provided for.  The Interest Payment Dates for the Offered
Securities shall be April 15 and October 15 of each year, beginning April 15,
2010.  Interest shall be payable on each
Interest Payment Date to the holders of record at the close of business on the April 1
and October 1 prior to each Interest Payment Date (a “regular record date”).  The basis upon which interest shall be
calculated shall be that of a 360-day year consisting of twelve 30-day months.

 

(5)           The Offered Securities shall
be issuable in whole in the registered form of one or more Global Securities,
and the Depository for such Global Securities shall be The Depository Trust
Company, New York, New York.  The Offered
Securities shall be substantially in the form attached hereto as Exhibit A
the terms of which are herein incorporated by reference.  The Offered Securities shall be issuable in
denominations of $2,000 or any integral multiple of $1,000 in excess thereof.

 

(6)           (A)          The Offered
Securities will be subject to redemption at the option of the Company on
any date (a “Redemption Date”) prior to the
maturity date, in whole or from time to time in part, in $1,000 increments (provided
that any remaining principal amount thereof shall be at least the minimum
authorized denomination thereof), at a redemption price equal to the greater of
(i) 100% of the principal amount of the Offered Securities to be redeemed
and (ii) as determined by the
Quotation Agent and delivered to the Trustee in writing, the sum of the present
values of the remaining scheduled payments of principal and interest thereon
due on any date after the Redemption Date (excluding the portion of interest
that will be accrued and unpaid to and including the Redemption Date)
discounted from their scheduled date of payment to the Redemption Date
(assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption
Treasury Rate plus 30 basis points (such greater amount is referred to
herein as the “Redemption Price”), plus accrued
and unpaid interest, if any, thereon to the Redemption Date.

 

(B)           As used herein:

 

“Adjusted Redemption Treasury Rate”, with
respect to any Redemption Date, means the rate equal to the semiannual
equivalent yield to maturity or interpolated (on a 30/360 day count basis)
yield to maturity of the Comparable Redemption Treasury Issue, assuming a price
for the Comparable Redemption Treasury Issue (expressed as a percentage of its
principal amount) equal to the Comparable Redemption Treasury Price for such
Redemption Date.

 

“Comparable Redemption Treasury Issue” means
the United States Treasury security selected by the Quotation Agent as having a
maturity comparable to the remaining term of the Offered Securities to be
redeemed that would be utilized at the time of selection and in accordance with
customary financial practice in pricing new issues of corporate debt securities
of comparable maturity to the remaining term of such Offered Securities.

 

“Comparable Redemption Treasury Price”, with
respect to any Redemption Date, means (i) the average of the Redemption
Reference Treasury Dealer Quotations for such Redemption Date, after excluding
the highest and lowest such Redemption Reference Treasury Dealer Quotations
(unless there is more than one highest or lowest quotation, in which case only 

 

3

 

one such highest and/or lowest quotation shall be excluded), or (ii) if
the Quotation Agent obtains fewer than four such Redemption Reference Treasury
Dealer Quotations, the average of all such Redemption Reference Treasury Dealer
Quotations.

 

“Quotation Agent” means a Redemption
Reference Treasury Dealer appointed as such agent by the Company.

 

“Redemption Reference Treasury Dealer” means
four primary U.S.  Government securities
dealers in the United States selected by the Company.

 

“Redemption Reference Treasury Dealer Quotations”,
with respect to each Redemption Reference Treasury Dealer and any Redemption
Date, means the average, as determined by the Quotation Agent, of the bid and
offer prices at 11:00 a.m., New York City time, for the Comparable
Redemption Treasury Issue (expressed in each case as a percentage of its
principal amount) for settlement on the Redemption Date quoted in writing to
the Quotation Agent by such Redemption Reference Treasury Dealer on the third
Business Day preceding such Redemption Date.

 

(7)           Except as provided herein,
the Offered Securities shall not be subject to redemption, repurchase or
repayment at the option of any holder thereof, upon the occurrence of any
particular circumstances or otherwise. 
The Offered Securities will not have the benefit of any sinking fund.

 

(8)           Except as provided herein,
the holders of the Offered Securities shall have no special rights in addition
to those provided in the Base Indenture upon the occurrence of any particular
events.

 

(9)           The Offered Securities will
be general unsecured and unsubordinated obligations of the Company and will be
ranked equally among themselves.

 

(10)         The Offered Securities are
not convertible into shares of common stock or other securities of the Company.

 

(11)         The additional Event of
Default and restrictive covenants set forth in Sections 1.3 and 1.4 shall be
applicable to the Offered Securities.

 

Section 1.2             Additional Defined Terms.

 

As
used herein, the following defined terms shall have the following meanings with
respect to the Offered Securities only:

 

“Attributable Debt”, in connection with a
Sale and Lease-Back Transaction, as of any particular time, means the aggregate
of present values (discounted at a rate that, at the inception of the lease,
represents the effective interest rate that the lessee would have incurred to
borrow over a similar term the funds necessary to purchase the leased assets)
of the obligations of the Company or any Restricted Subsidiary for net rental
payments during the remaining term of the applicable lease, including any
period for which such lease has been extended or, at the option of the lessor,
may be extended.  The term “net rental
payments” under any lease of any period shall 

 

4

 

mean the sum of the rental and other payments required to be paid in
such period by the lessee thereunder, not including any amounts required to be
paid by such lessee, whether or not designated as rental or additional rental,
on account of maintenance and repairs, reconstruction, insurance, taxes, assessments,
water rates or similar charges required to be paid by such lessee thereunder or
any amounts required to be paid by such lessee thereunder contingent upon the
amount of sales, maintenance and repairs, reconstruction, insurance, taxes,
assessments, water rates or similar charges.

 

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

 

“Change of Control” means the
occurrence of any of the following (1) the direct or indirect sale, lease,
transfer, conveyance or other disposition (other than by way of merger or
consolidation), in one or more series of related transactions, of all or
substantially all of the assets of Parent and its subsidiaries, taken as a
whole, to any person other than Parent or a direct or indirect wholly-owned
subsidiary of Parent; (2) the consummation of any transaction (including,
without limitation, any merger or consolidation) the result of which is that  any person becomes the “beneficial owner”
(as defined in Rules 13(d)(3) and 13(d)(5) under the Exchange
Act), directly or indirectly, of more than 50% of the outstanding Voting Stock
of Parent or other Voting Stock into which Parent’s Voting Stock is
reclassified, consolidated, exchanged or changed, measured by voting power
rather than number of shares; (3) Parent consolidates with, or merges with
or into, any person, or any person consolidates with, or merges with or into,
Parent, in any such event pursuant to a transaction in which any of the
outstanding Voting Stock of Parent or such other person is converted into or
exchanged for cash, securities or other property, other than any such
transaction where the shares of the Voting Stock of Parent outstanding
immediately prior to such transaction constitute, or are converted into or exchanged
for, a majority of the Voting Stock of the surviving person or any direct or
indirect parent company of the surviving person immediately after giving effect
to such transaction; (4) the first day on which a majority of the members
of the board of directors of Parent are not Continuing Directors or (5) the
adoption of a plan relating to the liquidation or dissolution of Parent.  Notwithstanding the foregoing, a transaction
shall not be deemed to involve a Change of Control under clause (1), (2) or
(5) above if: (i) Parent becomes a direct or indirect wholly-owned
subsidiary of a holding company or a holding company becomes the successor to
Parent under Section 8.2 of the Indenture pursuant to a transaction that
is permitted under Section 8.1 of the Indenture and (ii) the direct
or indirect holders of the Voting Stock of such holding company immediately
following that transaction (or a series of related transactions) are
substantially the same (and hold in the same proportions) as the holders of
Parent’s Voting Stock immediately prior to that transaction.  The term “person,” as used
in this definition, means any Person and any two or more Persons as provided in
Section 13(d)(3) of the Exchange Act.

 

“Consolidated Net Worth” at any date means
total assets less total liabilities, in each case appearing on the most
recently prepared consolidated balance sheet of Parent and its subsidiaries as
of the end of a fiscal quarter of Parent, prepared in accordance with United
States generally accepted accounting principles as in effect on the date of the
consolidated balance sheet.

 

5

 

“Consolidated Tangible Assets” at any date
means total assets less all intangible assets appearing on the most recently
prepared consolidated balance sheet of Parent and its subsidiaries as of the
end of a fiscal quarter of Parent, prepared in accordance with United States
generally accepted accounting principles as in effect on the date of the
consolidated balance sheet.  “Intangible
assets” means the amount (if any) stated under the heading “Goodwill and Other
Intangible assets, net” or under any other heading of intangible assets
separately listed, in each case on the face of such consolidated balance sheet.

 

“Continuing Director” means, as of any date of determination, any
member of the board of directors of Parent who:

 

(1) was a
member of such board of directors on the date hereof; or

 

(2) was
nominated for election, elected or appointed to such board of directors pursuant to a proposal by a majority of the Continuing Directors who
were members of such board of directors at the time of such nomination,
election or appointment (either by a specific vote or by approval of a proxy
statement of Parent in which such member was named as a nominee for election as
a director, without objection to such nomination).

 

“Fitch” means Fitch Ratings Ltd., and its successors.

 

“Funded Indebtedness” means any Indebtedness
maturing by its terms more than one year from the date of the determination
thereof, including any Indebtedness renewable or extendible at the option of
the obligor to a date later than one year from the date of the determination
thereof.

 

“Indebtedness” means, without duplication,
the principal amount (such amount being the face amount or, with respect to
original issue discount bonds or zero coupon notes, bonds or debentures or
similar securities, determined based on the accreted amount as of the date of
the most recently prepared consolidated balance sheet of Parent and its
Subsidiaries as of the end of a fiscal quarter of Parent prepared in accordance
with United States generally accepted accounting principles as in effect on the
date of such consolidated balance sheet) of (i) all obligations for
borrowed money, (ii) all obligations evidenced by debentures, notes or
other similar instruments, (iii) all obligations in respect of letters of
credit or bankers acceptances or similar instruments or reimbursement
obligations with respect thereto (such instruments to constitute Indebtedness only
to the extent that the outstanding reimbursement obligations in respect thereof
are collateralized by cash or cash equivalents reflected as assets on a balance
sheet prepared in accordance with United States generally accepted accounting
principles), (iv) all obligations to pay the deferred purchase price of
property or services, except (A) trade and similar accounts payable and
accrued expenses, (B) employee compensation, deferred compensation and
pension obligations, and other obligations arising from employee benefit
programs and agreements or other similar employment arrangements, (C) obligations
in respect of customer advances received and (D) obligations in connection
with earnout and holdback agreements, in each case in the ordinary course of
business, (v) all obligations as lessee to the extent capitalized in
accordance with United States generally accepted accounting principles and (vi) all
Indebtedness of others consolidated in such balance sheet that is guaranteed by
the Company or any of its Subsidiaries or for which the Company or any of its
Subsidiaries is legally 

 

6

 

responsible
or liable (whether by agreement to purchase indebtedness of, or to supply funds
or to invest in, others).

 

“Investment Grade Rating” means a rating equal to or higher
than BBB- (or the equivalent) by Fitch, Baa3 (or the equivalent) by Moody’s and
BBB- (or the equivalent) by S&P, and the equivalent investment grade credit
rating from any replacement rating agency or rating agencies selected by the
Company.

 

“Moody’s” means Moody’s Investors Service, Inc., and its
successors.

 

“Non-Recourse Indebtedness” means
Indebtedness upon the enforcement of which recourse may be had by the holder(s) thereof
only to identified assets of Parent or the Company or any Subsidiary of Parent
or the Company and not to Parent or the Company or any Subsidiary of Parent or
the Company personally (subject to, for the avoidance of doubt, customary
exceptions contained in non-recourse financings to the non-recourse nature of
the obligations thereunder).

 

“Principal Property” means any U.S.
manufacturing, processing or assembly plant or any U.S. warehouse or
distribution facility of the Parent or any of its Subsidiaries that is used by
any U.S. Subsidiary of the Company and (A) is owned by the Parent or any
Subsidiary of the Parent on the date hereof, (B) the initial construction
of which has been completed after the date hereof, or (C) is acquired
after the date hereof, in each case, other than any such plants, facilities,
warehouses or portions thereof, that in the opinion of the Board of Directors
of the Company, are not collectively of material importance to the total
business conducted by the Parent and its subsidiaries as an entirety, or that has
a net book value (excluding any capitalized interest expense), on the date
hereof in the case of clause (A) of this definition, on the date of
completion of the initial construction in the case of clause (B) of this
definition or on the date of acquisition in the case of clause (C) of this
definition, of less than 2.0% of Consolidated Tangible Assets on the
consolidated balance sheet of Parent and its subsidiaries as of the applicable
date.

 

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

 

“Rating Event” means the rating on the Offered Securities is
lowered by at least two of the three Rating Agencies and such Offered
Securities are rated below an Investment Grade Rating by at least two of the
three Rating Agencies on any day during the period (which period shall be
extended so long as the rating of such Offered Securities is under publicly
announced consideration for a possible downgrade by any of the Rating Agencies)
commencing 60 days prior to the first public notice of the occurrence of a
Change of Control or Parents’s intention to effect a Change of Control and
ending 60 days following consummation of such Change of Control.

 

7

 

“Restricted Subsidiary” means any Subsidiary
of the Company that owns or leases a Principal Property.

 

“Sale and Lease-Back Transaction” means an
arrangement with any Person providing for the leasing by the Company or a
Restricted Subsidiary of any Principal Property whereby such Principal Property
has been or is to be sold or transferred by the Company or a Restricted
Subsidiary to such Person other than Parent, the Company or any of their
respective Subsidiaries; provided, however, that the foregoing shall not apply
to any such arrangement involving a lease for a term, including renewal rights,
for not more than three years.

 

“S&P” means Standard & Poor’s Rating Services, a
division of The McGraw-Hill Companies, Inc, and it successors.

 

“Voting Stock” means, with respect to any specified “Person”
as of any date, the capital stock of such Person that is at the time entitled
to vote generally in the election of the board of directors of such Person.

 

Section 1.3.            Additional Covenants.

 

The
following additional covenants shall apply with respect to the Offered
Securities so long as any of the Offered Securities remain Outstanding (but
subject to defeasance, as provided in the Indenture):

 

(1)           Limitation on Liens.

 

The
Company will not, and will not permit any Restricted Subsidiary to, issue,
assume or guarantee any Indebtedness that is secured by a mortgage, pledge,
security interest, lien or encumbrance (each a “lien”) upon any property that at the time of such issuance,
assumption or guarantee constitutes a Principal Property, or any shares of
stock of or Indebtedness issued by any Restricted Subsidiary, whether now owned
or hereafter acquired, without effectively providing that, for so long as such
lien shall continue in existence with respect to such secured Indebtedness, the
Offered Securities (together with, if the Company shall so determine, any other
Indebtedness of the Company ranking equally with the Offered Securities, it
being understood that for purposes hereof, Indebtedness which is secured by a
lien and Indebtedness which is not so secured shall not, solely by reason of such
lien, be deemed to be of different ranking) shall be equally and ratably
secured by a lien ranking ratably with or equal to (or at the Company’s option
prior to) such secured Indebtedness; provided, however, that the foregoing
covenant shall not apply to:

 

(a)           liens existing on the date
the Offered Securities are first issued;

 

(b)           liens on the stock, assets
or Indebtedness of a Person existing at the time such Person becomes a
Restricted Subsidiary, unless created in contemplation of such Person becoming a
Restricted Subsidiary;

 

(c)           liens on any assets or
Indebtedness of a Person existing at the time such Person is merged with or
into or consolidated with or acquired by the Company or a Restricted Subsidiary
or at the time of a purchase, lease or other acquisition of the assets 

 

8

 

of a corporation or firm as an entirety or substantially as an entirety
by the Company or any Restricted Subsidiary;

 

(d)           liens on any Principal
Property existing at the time of acquisition thereof by the Company or any
Restricted Subsidiary, or liens to secure the payment of the purchase price of
such Principal Property by the Company or any Restricted Subsidiary, or to
secure any Indebtedness incurred, assumed or guaranteed by the Company or a
Restricted Subsidiary for the purpose of financing all or any part of the
purchase price of such Principal Property or improvements or construction
thereon, which Indebtedness is incurred, assumed or guaranteed prior to, at the
time of or within one year after such acquisition (or in the case of real
property, completion of such improvement or construction or commencement of
full operation of such property, whichever is later); provided,
however, that in the case of any such acquisition, construction or
improvement, the lien shall not apply to any Principal Property theretofore
owned by the Company or a Restricted Subsidiary, other than the Principal
Property so acquired, constructed or improved (and accessions thereto and
improvements and replacements thereof and the proceeds of the foregoing);

 

(e)           liens securing Indebtedness
owing by any Restricted Subsidiary to the Company, Parent or a subsidiary
thereof or by the Company to Parent;

 

(f)            liens in favor of the United
States or any State thereof, or any department, agency or instrumentality or
political subdivision of the United States of America or any State thereof, or
in favor of any other country or any political subdivision thereof, to secure
partial, progress, advance or other payments pursuant to any contract, statute,
rule or regulation or to secure any Indebtedness incurred or guaranteed
for the purpose of financing all or any part of the purchase price (or, in the
case of real property, the cost of construction or improvement) of the Principal
Property subject to such liens (including liens incurred in connection with
pollution control, industrial revenue or similar financings);

 

(g)           pledges, liens or deposits
under workers’ compensation or similar legislation, and liens thereunder that
are not currently dischargeable, or in connection with bids, tenders, contracts
(other than for the payment of money) or leases to which the Company or any
Restricted Subsidiary is a party, or to secure the public or statutory
obligations of the Company or any Restricted Subsidiary, or in connection with
obtaining or maintaining self-insurance, or to obtain the benefits of any law,
regulation or arrangement pertaining to unemployment insurance, old age
pensions, social security or similar matters, or to secure surety, performance,
appeal or customs bonds to which the Company or any Restricted Subsidiary is a
party, or in litigation or other proceedings in connection with the matters
heretofore referred to in this clause, such as interpleader proceedings, and
other similar pledges, liens or deposits made or incurred in the ordinary
course of business;

 

(h)           liens created by or
resulting from any litigation or other proceeding that is being contested in
good faith by appropriate proceedings, including liens arising out of judgments
or awards against the Company or any Restricted Subsidiary with respect to 

 

9

 

which the Company or such Restricted Subsidiary in good faith is
prosecuting an appeal or proceedings for review or for which the time to make
an appeal has not yet expired; or final unappealable judgment liens which are
satisfied within 15 days of the date of judgment; or liens incurred by the
Company or any Restricted Subsidiary for the purpose of obtaining a stay or
discharge in the course of any litigation or other proceeding to which the
Company or such Restricted Subsidiary is a party;

 

(i)            liens for taxes or
assessments or governmental charges or levies not yet due or delinquent; or
that can thereafter be paid without penalty, or that are being contested in
good faith by appropriate proceedings; landlord’s liens on property held under
lease; and any other liens or charges incidental to the conduct of the business
of the Company or any Restricted Subsidiary, or the ownership of their
respective assets, that were not incurred in connection with the borrowing of
money or the obtaining of advances or credit and that, in the opinion of the
Board of Directors of the Company, do not materially impair the use of such
assets in the operation of the business of the Company or such Restricted
Subsidiary or the value of such Principal Property for the purposes of such
business;

 

(j)            liens to secure the Company’s
or any Restricted Subsidiary’s obligations under agreements with respect to
spot, forward, future and option transactions, entered into in the ordinary
course of business;

 

(k)           liens not permitted by the
foregoing clauses (a) to (j), inclusive, if at the time of, and after
giving effect to, the creation or assumption of any such lien, the aggregate
amount of all outstanding Indebtedness of the Company and its Restricted
Subsidiaries (without duplication) secured by all such liens not so permitted
by the foregoing clauses (a) through (j), inclusive, together with
the Attributable Debt in respect of Sale and Lease-Back Transactions permitted
by paragraph (a) under subsection (2) below, do not exceed the
greater of $100,000,000 and 10% of Consolidated Net Worth; and

 

(l)            any extension, renewal or
replacement (or successive extensions, renewals or replacements) in whole or in
part, of any lien referred to in the foregoing clauses (a) to (k),
inclusive; provided, however, that the principal amount of Indebtedness secured
thereby unless otherwise excepted under clauses (a) through (k) shall
not exceed the principal amount of Indebtedness so secured at the time of such
extension, renewal or replacement, and that such extension, renewal or
replacement shall be limited to all or a part of the assets (or any
replacements therefor) that secured the lien so extended, renewed or replaced
(plus improvements and construction on real property).

 

(2)           Limitation on Sale/Leaseback
Transactions.

 

The
Company will not, and will not permit any Restricted Subsidiary to, enter into
any Sale and Lease-Back Transaction unless:

 

(a)           the Company or such
Restricted Subsidiary, at the time of entering into a Sale and Lease-Back
Transaction, would be entitled to incur Indebtedness secured by a

 

10

 

lien on the Principal Property to be leased in an amount at least equal
to the Attributable Debt in respect of such Sale and Lease-Back Transaction,
without equally and ratably securing the Securities pursuant to Section 1.3
(1) above; or

 

(b)           the direct or indirect proceeds of
the sale of the Principal Property to be leased are at least equal to the fair
value of such Principal Property (as determined by the Company’s Board of
Directors) and an amount equal to the net proceeds from the sale of the property
or assets so leased is applied, within 180 days of the effective date of any
such Sale and Lease-Back Transaction, to the purchase or acquisition (or, in
the case of real property, commencement of the construction) of property or
assets or to the retirement (other than at maturity or pursuant to a mandatory
sinking fund or mandatory redemption provision) of Securities, or of Funded
Indebtedness of the Company or a consolidated Subsidiary ranking on a parity
with or senior to the Securities; provided that there shall be credited to the
amount of net worth proceeds required to be applied pursuant to this
clause (b) an amount equal to the sum of (i) the principal
amount of Securities delivered within 180 days of the effective date of such
Sale and Lease-Back Transaction to the Trustee for retirement and cancellation
and (ii) the principal amount of other Funded Indebtedness voluntarily
retired by the Company within such 180-day period, excluding retirements of
Securities and other Funded Indebtedness as a result of conversions or pursuant
to mandatory sinking fund or mandatory prepayment provisions.

 

(3)                                  Change of
Control Triggering Event.

 

(a)                                  If a Change of Control Triggering Event
occurs, unless the Company has exercised its option to redeem the Offered Securities,
it shall be required to make an offer (a “Change of Control Offer”)
to each Holder of the Offered Securities to repurchase, at the Holder’s
election, all or any part (equal to $1,000 or an integral multiple of $1,000 in
excess thereof) of that Holder’s Offered Securities on the terms set forth
herein.  In a Change of Control Offer,
the Company shall be required to offer payment in cash equal to 101% of the
aggregate principal amount of Offered Securities repurchased, plus accrued and
unpaid interest, if any, on the Offered Securities repurchased to the date of
repurchase (a “Change of Control Payment”).  Within 30 days following any Change of
Control Triggering Event or, at the Company’s option, prior to any Change of
Control, but after public announcement of the transaction that constitutes or
may constitute the Change of Control, a notice shall be mailed to Holders of
the Offered Securities describing in reasonable detail the transaction that
constitutes or may constitute the Change of Control Triggering Event and
offering to repurchase such Offered Securities on the date specified in the
notice, which date shall be no earlier than 30 days and no later than 60 days
from the date such notice is mailed (a “Change of Control Payment
Date”).  The notice shall, if
mailed prior to the date of consummation of the Change of Control, state that
the offer to purchase is conditioned on the Change of Control Triggering Event
occurring on or prior to the Change of Control Payment Date.

 

(b)                                 In order to accept the Change of Control
Offer, the Holder must deliver (or otherwise comply with alternative
instructions in accordance with the procedures of the Depositary) to the paying
agent, at least five Business Days prior to the Change of Control Payment Date,
its Offered Security together with the form entitled “Election Form” (which
form is contained in the form of note attached hereto as Exhibit A) duly
completed, or a telegram, 

 

11

 

telex, facsimile
transmission or a letter from a member of a national securities exchange, or
the Financial Industry Regulatory Authority, Inc. or a commercial bank or
trust company in the United States setting forth:

 

(i)            the name of the Holder of such
Offered Security;

 

(ii)           the principal amount of such Offered
Security;

 

(iii)          the principal amount of such Offered
Security to be repurchased;

 

(iv)          the certificate number or a
description of the tenor and terms of such Offered Security;

 

(v)           a statement that the Holder is
accepting the Change of Control Offer; and

 

(vi)          a guarantee that such Offered
Security, together with the form entitled “Election Form” duly completed, will
be received by the paying agent at least five Business Days prior to the Change
of Control Payment Date.

 

(c)           Any exercise by a Holder of its
election to accept the Change of Control Offer shall be irrevocable.  The Change of Control Offer may be accepted
for less than the entire principal amount of an Offered Security, but in that
event the principal amount of such Offered Security remaining outstanding after
repurchase must equal $2,000 or an integral multiple of $1,000 in excess
thereof.

 

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

 

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

 

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

 

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

 

(e)           The Company shall not be required to
make a Change of Control Offer upon the occurrence of a Change of Control
Triggering Event if a third party makes such an offer in the manner, at the
times and otherwise in compliance with the requirements for an offer made by
the Company and the third party purchases all Offered Securities properly
tendered and not withdrawn under its offer. 
In addition, the Company shall not repurchase any Offered Securities if
there has occurred and is continuing on the Change of Control Payment Date an
Event of Default under the Indenture, other than a default in the payment of
the Change of Control Payment upon a Change of Control Triggering Event.

 

(f)            The Company shall comply with the
requirements of Rule 14e-1 under the Securities Exchange Act of 1934, as
amended (the “Exchange Act”), and any other securities 

 

12

 

laws and regulations
thereunder to the extent those laws and regulations are applicable in connection
with the repurchase of the Offered Securities as a result of a Change of
Control Triggering Event.  To the extent
that the provisions of any such securities laws or regulations conflict with
this Section 1.3(3), the Company shall comply with those securities laws
and regulations and shall not be deemed to have breached its obligations under
this Section 1.3(3) by virtue of any compliance with such laws or
regulations.

 

Section 1.4                                      Additional Event of Default.

 

The
following additional event shall be established and shall constitute an “Event
of Default” under Section 6.01(a) of the Base Indenture with respect
to the Offered Securities so long as any of the Offered Securities remain
Outstanding:

 

(9)                                  an event of
default shall happen and be continuing with respect to the Company’s or Parent’s
Indebtedness for borrowed money (other than Non-Recourse Indebtedness) under
any indenture or other instrument evidencing or under which the Company or
Parent shall have a principal amount outstanding (such amount with respect to
original issue discount bonds or zero coupon notes, bonds or debentures or
similar securities based on the accreted amount determined in accordance with
United States generally accepted accounting principles and as of the date of
the most recently prepared consolidated balance sheet of the Company or Parent,
as the case may be) in excess of $100,000,000, and such event of default shall
involve the failure to pay the principal of such Indebtedness on the final
maturity date thereof after the expiration of any applicable grace period with
respect thereto, or such Indebtedness shall have been accelerated so that the
same shall have become due and payable prior to the date on which the same
would otherwise have become due and payable, and such acceleration shall not be
rescinded or annulled within ten Business Days after notice thereof shall have
been given to the Company and Parent by the Trustee, or to the Company, Parent
and the Trustee by the Holders of at least 25% in aggregate principal amount of
Outstanding Securities of such series; provided however that:

 

(1)           if such event of
default under such indenture or instrument shall be remedied or cured by the
Company or Parent or waived by the requisite holders of such Indebtedness, then
the Event of Default hereunder by reason thereof shall be deemed likewise to
have been thereupon remedied, cured or waived without further action upon the
part of either the Trustee or any of the Securityholders; and

 

(2)           subject to the
provisions of Sections 7.01 and 7.02, the Trustee shall not be charged
with knowledge of any such event of default unless written notice thereof shall
have been given to the Trustee by the Company or Parent, as the case may be, by
the holder or an agent of the holder of any such Indebtedness, by the trustee
then acting under any indenture or other instrument under which such default
shall have occurred, or by the Holders of not less than 25% in the aggregate
principal amount of Outstanding Securities of such series.

 

13

 

ARTICLE
II

 

MISCELLANEOUS

 

Section 2.1.            Definitions.

 

Capitalized
terms used but not defined in this Second Supplemental Indenture shall have the
meanings ascribed thereto in the Base Indenture.

 

Section 2.2.            Confirmation of Indenture.

 

The
Base Indenture, as supplemented and amended by this Second Supplemental
Indenture, is in all respects ratified and confirmed, and the Base Indenture,
this Second Supplemental Indenture and all indentures supplemental thereto
shall be read, taken and construed as one and the same instrument.

 

Section 2.3.            Concerning the Trustee.

 

In
carrying out the Trustee’s responsibilities hereunder, the Trustee shall have
all of the rights, protections and immunities which it possesses under the
Indenture.  The recitals contained herein
and in the Offered Securities, except the Trustee’s certificate of
authentication, shall be taken as the statements of the Company, and the
Trustee assumes no responsibility for their correctness.  The Trustee makes no representations as to
the validity or sufficiency of this Second Supplemental Indenture or of the
Offered Securities.  The Trustee shall
not be accountable for the use or application by the Company of the Offered
Securities or the proceeds thereof.

 

Section 2.4.            Governing Law.

 

This
Second Supplemental Indenture and the Offered Securities shall be deemed to be
a contract made under the internal laws of the State of New York, and for all
purposes shall be construed in accordance with the laws of said State without
regard to conflicts of laws principles that would require the application of
any other law.

 

Section 2.5.            Separability.

 

In
case any provision in this Second Supplemental Indenture shall for any reason
be held to be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or
impaired thereby.

 

Section 2.6.            Counterparts.

 

This
Second Supplemental Indenture 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.

 

14

 

Section 2.7             No Benefit.

 

Nothing
in this Second Supplemental Indenture, express or implied, shall give to any Person
other than the parties hereto and their successors or assigns, and the holders
of the Offered Securities, any benefit or legal or equitable rights, remedy or
claim under this Second Supplemental Indenture or the Base Indenture.

 

15

 

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

 

 

	
   

  	
  TYCO INTERNATIONAL FINANCE S.A.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:
  

  	
  /s/
  Peter Schieser

  
	
   

  	
   

  	
  Name:
  Peter Schieser

  
	
   

  	
   

  	
  Title:
  Managing Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  TYCO INTERNATIONAL LTD.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:
  

  	
  /s/
  Christopher J. Coughlin

  
	
   

  	
   

  	
  Name:
  Christopher J. Coughlin

  
	
   

  	
   

  	
  Title:
  Executive Vice President and Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  DEUTSCHE BANK TRUST COMPANY AMERICAS

  
	
   

  	
  as Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
  By:
  

  	
  /s/
  Carol Ng

  
	
   

  	
   

  	
  Name:
  Carol Ng

  
	
   

  	
   

  	
  Title:
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  By:
  

  	
  /s/
  Annie Jaghatspanyan

  
	
   

  	
   

  	
  Name:
  Annie Jaghatspanyan

  
	
   

  	
   

  	
  Title:
  Vice President

  

 

 

EXHIBIT A

FORM OF 4.125% NOTES

 

[Insert the Private Placement Legend and/or the
Global Security legend, as applicable]

 

4.125%
NOTES DUE 2014

 

	
  No. [      ]

  	
   

  	
  $[               ]

  
	
  CUSIP No. [                 ]

  	
   

  	
   

  

 

TYCO
INTERNATIONAL FINANCE S.A.

 

promises to pay to [      ] or registered
assigns, the principal sum of
[              ]
Dollars on October 15, 2014.

 

Interest Payment Dates: April 15 and October 15

 

Record Dates:  April 1 and October 1

 

Each
holder of this Security (as defined below), by accepting the same, agrees to
and shall be bound by the provisions hereof and of the Indenture described
herein, and authorizes and directs the Trustee described herein on such
holder’s behalf to be bound by such provisions. 
Each holder of this Security hereby waives all notice of the acceptance
of the provisions contained herein and in the Indenture and waives reliance by
such holder upon said provisions.

 

This
Security shall not be entitled to any benefit under the Indenture, or be valid
or become obligatory for any purpose, until the Certificate of Authentication
hereon shall have been signed by or on behalf of the Trustee.  The provisions of this Security are continued
on the reverse side hereof, and such continued provisions shall for all
purposes have the same effect as though fully set forth at this place.

 

IN WITNESS WHEREOF, the Company has caused this instrument to be signed
in accordance with Section 2.04 of the Indenture.

 

Date: 
[        ]

 

	
   

  	
  TYCO
  INTERNATIONAL FINANCE S.A.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Name:
  

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  [If
  second signature is applicable] 

  
	
   

  	
   

  
	
   

  	
  Name:
  

  
	
   

  	
  Title:

  

 

A-1

 

CERTIFICATE OF AUTHENTICATION

 

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

 

	
   

  	
  DEUTSCHE
  BANK TRUST COMPANY AMERICAS, as Trustee

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Authorized
  Signatory

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Dated:

  

 

A-2

 

GUARANTEE

 

For
value received, TYCO INTERNATIONAL LTD. hereby absolutely, unconditionally and
irrevocably guarantees to the holder of this Security the payment of principal
of, premium, if any, and interest on, the Security upon which this Guarantee is
set forth in the amounts and at the time when due and payable whether by
declaration thereof or otherwise, and interest on the overdue principal and
interest, if any, of such Security, if lawful, to the holder of such Security
and the Trustee on behalf of the holders, all in accordance with and subject to
the terms and limitations of such Security and Article XV of the
Indenture.  This Guarantee will not
become effective until the Trustee or Authenticating Agent duly executes the
certificate of authentication on this Security. 
This Guarantee shall be governed by and construed in accordance with the
laws of the State of New York, without regard to conflict of law principles thereof.

 

	
  Dated:

  	
   

  
	
   

  	
   

  
	
   

  	
  TYCO
  INTERNATIONAL LTD.

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
    Name:

  
	
   

  	
   

  	
    Title:

  

 

A-3

 

TYCO INTERNATIONAL FINANCE
S.A.

 

4.125% Notes due 2014

 

This
security is one of a duly authorized series of debt securities of Tyco
International Finance S.A., a Luxembourg company (the “Company”), issued or to
be issued in one or more series under and pursuant to an Indenture for the
Company’s unsubordinated debt securities, dated as of January 9, 2009 (the
“Base Indenture”), duly executed and delivered by and among the Company, Tyco
International Ltd. (“Parent”) and Deutsche Bank Trust Company Americas (the “Trustee”),
as supplemented by the Second Supplemental Indenture, dated as of October 5,
2009 (the “Second Supplemental Indenture”), by and among the Company, Parent
and the Trustee.  The Base Indenture as
supplemented and amended by the Second Supplemental Indenture is referred to
herein as the “Indenture.”  By the terms
of the Base Indenture, the debt securities issuable thereunder are issuable in
series that may vary as to amount, date of maturity, rate of interest and in
other respects as provided in the Base Indenture.  This security is one of the series designated
on the face hereof (individually, a “Security,” and collectively, the “Securities”),
and reference is hereby made to the Indenture for a description of the rights,
limitations of rights, obligations, duties and immunities of the Trustee, the
Company, Parent and the holders of the Securities (the “Securityholders”).  Capitalized terms used herein and not
otherwise defined shall have the meanings given them in the Base Indenture or
the Second Supplemental Indenture, as applicable.

 

1.  Interest.  The Company
promises to pay interest on the principal amount of this Security at an annual
rate of 4.125%.  The Company will pay
interest semi-annually on April 15 and October 15 of each year (each
such day, an “Interest Payment Date”). 
If any Interest Payment Date, redemption date or maturity date of this
Security is not a Business Day, then payment of interest or principal (and
premium, if any) shall be made on the next succeeding Business Day with the
same force and effect as if made on the date such payment was due, and no
interest shall accrue for the period after such date to the date of such
payment on the next succeeding Business Day. 
Interest on the Securities will accrue from the most recent date to
which interest has been paid or duly provided for or, if no interest has been
paid, from the date of issuance; provided that, if there is no existing Default
in the payment of interest, and if this Security is authenticated between a
regular record date referred to on the face hereof and the next succeeding
Interest Payment Date, interest shall accrue from such next succeeding Interest
Payment Date; and provided, further, that the first Interest Payment Date shall
be April 15, 2010.  Interest will be
calculated on the basis of a 360-day year consisting of twelve 30-day months.

 

2.  Method
of Payment.  The Company will pay interest on the Securities
(except defaulted interest), if any, to the persons in whose name such
Securities are registered at the close of business on the regular record date
referred to on the facing page of this Security for such interest
installment.  In the event that the
Securities or a portion thereof are called for redemption and the Redemption
Date is subsequent to a regular record date with respect to any Interest
Payment Date and prior to such Interest Payment Date, interest on such
Securities will be paid upon presentation and surrender of such Securities as
provided in the Indenture.  The principal
of and the interest on the Securities shall be payable in the coin or currency
of the 

 

A-4

 

United States of America that at the time is legal tender for public
and private debt, at the office or agency of the Company maintained for that
purpose in accordance with the Indenture.

 

3.  Paying
Agent and Registrar.  Initially, Deutsche Bank Trust Company
Americas, the Trustee, will act as paying agent and Security Registrar.  The Company may change or appoint any paying
agent or Security Registrar without notice to any Securityholder.  Parent, the Company or any of their
Subsidiaries may act in any such capacity.

 

4.  Indenture.  The
terms of the Securities include those stated in the Indenture and those made
part of the Indenture by reference to the Trust Indenture Act of 1939 (“TIA”)
as in effect on the date the Indenture is qualified.  The Securities are subject to all such terms,
and Securityholders are referred to the Indenture and TIA for a statement of
such terms.  The Securities are unsecured
general obligations of the Company and constitute the series designated on the
face hereof as the “4.125% Notes due 2014”, initially limited to $500,000,000
in aggregate principal amount.

 

The
Company will furnish to any Securityholder upon written request and without
charge a copy of the Base Indenture and the Second Supplemental Indenture.  Requests may be made to: Tyco International
Finance S.A., 29 Avenue de la Porte Neuve, L-2227 Luxembourg, Attention: The
Managing Directors.

 

5.  Optional
Redemption.  The Securities will be subject to redemption at the
option of the Company on any date prior to the maturity date, in whole or from
time to time in part, in $1,000 increments (provided that any remaining
principal amount thereof shall be at least the minimum authorized denomination
thereof), on written notice given to the Securityholders thereof not less than
30 days nor more than 90 days prior to the date fixed for redemption in such
notice (the “Redemption Date”), at a redemption price equal to the greater of (i) 100%
of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and
delivered to the Trustee in writing, the sum of the present values of the
remaining scheduled payments of principal and interest thereon due on any date
after the Redemption Date (excluding the portion of interest that will be
accrued and unpaid to and including the Redemption Date) discounted from their
scheduled date of payment to the Redemption Date (assuming a 360-day year
consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate
plus 50 basis points (such
greater amount is referred to herein as the “Redemption Price”), plus,
in either the case of clause (i) or clause (ii), accrued and unpaid interest,
if any, thereon to the Redemption Date. 
This Security is also subject to redemption to the extent provided in Article XIV
of the Indenture.

 

If
the giving of the notice of redemption is completed as provided in the
Indenture, interest on such Securities or portions of Securities shall cease to
accrue on and after the Redemption Date, unless the Company shall default in
the payment of such Redemption Price and accrued interest with respect to any
such Security or portion thereof.

 

The
Company shall not be required to make mandatory redemption or sinking fund
payments with respect to the Securities.

 

A-5

 

6.  Change
of Control Triggering Event.  If a Change of Control Triggering Event occurs,
unless the Company has exercised its option to redeem this Security, it shall
be required to make an offer to the holder of this Security to repurchase, at
such holder’s election, all or a part (equal to $1,000 or an integral
multiple of $1,000 in excess thereof; provided that any remaining
principal amount thereof shall be at least the minimum authorized denomination
thereof), of this
Security, in cash equal to 101% of the aggregate principal amount of this
Security repurchased, plus accrued and unpaid interest, if any, to the date of
repurchase.  Within 30 days following any
Change of Control Triggering Event, or at the Company’s option, prior to any
Change of Control, but after public announcement of the transaction that
constitutes or may constitute the Change of Control Triggering Event, a notice
shall be mailed to each Holder describing in reasonable detail the transaction
that constitutes or may constitute the Change of Control Triggering Event and
offering to repurchase this Security on the date specified in the notice, which
date shall be no earlier than 30 days and no later than 60 days from the date
such notice is mailed.

 

7.  Denominations,
Transfer, Exchange.  The Securities are in registered form
without coupons in the denominations of $2,000 or any integral multiple of
$1,000 in excess thereof.  The transfer
of Securities may be registered and Securities may be exchanged as provided in
the Indenture.  The Securities may be
presented for exchange or for registration of transfer (duly endorsed or with
the form of transfer endorsed thereon duly executed if so required by the
Company or the Security Registrar) at the office of the Security Registrar or
at the office of any transfer agent designated by the Company for such
purpose.  No service charge will be made
for any registration of transfer or exchange, but a Securityholder may be
required to pay any applicable taxes or other governmental charges.  If the Securities are to be redeemed, the
Company will not be required to:  (i) issue,
register the transfer of, or exchange any Security during a period beginning at
the opening of business 15 days before the day of mailing of a notice of
redemption of less than all of the outstanding Securities of the same series
and ending at the close of business on the day of such mailing; (ii) register
the transfer of or exchange any Security of any series or portions thereof
selected for redemption, in whole or in part, except the unredeemed portion of
any such Security being redeemed in part; nor (iii) register the transfer
of or exchange a Security of any series between the applicable record date and
the next succeeding Interest Payment Date.

 

8.  Persons
Deemed Owners.  The registered Securityholder may be treated as
its owner for all purposes.

 

9.  Repayment to Parent or the Company.  Any funds or Governmental Obligations
deposited with any paying agent or the Trustee, or then held by Parent or the
Company, in trust for payment of principal of, premium, if any, or interest on
the Securities of a particular series that are not applied but remain unclaimed
by the holders of such Securities for at least one year after the date upon
which the principal of, premium, if any, or interest on such Securities shall
have respectively become due and payable, shall be repaid to Parent or the
Company, as applicable, or (if then held by Parent or the Company) shall be
discharged from such trust.  After return
to the Company or Parent, Holders entitled to the money or securities must look
to the Company or Parent, as applicable, for payment as unsecured general
creditors.

 

A-6

 

10.  Amendments,
Supplements and Waivers.  The Base Indenture contains provisions
permitting the Company, Parent and the Trustee, with the consent of the holders
of not less than a majority in aggregate principal amount of the securities of
each series at the time Outstanding affected by such supplemental indenture or
indentures to enter into supplemental indentures for the purpose of adding,
changing or eliminating any provisions of the Base Indenture or any
supplemental indenture or of modifying in any manner not covered elsewhere in
the Base Indenture the rights of the holders of the securities of such series; provided,
however, that no such supplemental indenture, without the consent of the
holders of each Security then Outstanding and affected thereby, shall:  (i) extend a fixed maturity of or any
installment of principal of any Securities of any series or reduce the
principal amount thereof, or reduce the amount of principal of any original
issue discount security that would be due and payable upon declaration of
acceleration of the maturity thereof; (ii) reduce the rate of or extend
the time for payment of interest of any Security of any series; (iii) reduce
the premium payable upon the redemption of any Security; (iv) make any
Security payable in Currency other than that stated in the Security; (v) impair
the right to institute suit for the enforcement of any payment on or after the
fixed maturity thereof (or in the case or redemption, on or after the
redemption date); or (vi) reduce the percentage of Securities, the holders
of which are required to consent to any such supplemental indenture or
indentures.  The Base Indenture also
contains provisions permitting the holders of not less than a majority in
aggregate principal amount of the Outstanding securities of each series
affected thereby, on behalf of all of the holders of the securities of such
series, to waive any past Default under the Base Indenture, and its consequences,
except a Default in the payment of the principal of, premium, if any, or
interest on any security of such series or a Default in respect of a covenant
or provision of the Base Indenture that cannot be modified or amended without
the consent of the holder of each Outstanding security of such affected
series.  Any such consent or waiver by
the registered Securityholder shall be conclusive and binding upon such holder
and upon all future holders and owners of this Security and of any Security
issued in exchange for this Security or in place hereof (whether by
registration of transfer or otherwise), irrespective of whether or not any
notation of such consent or waiver is made upon this Security.

 

11.  Defaults
and Remedies.  If an Event of Default with respect to the
securities of a series issued pursuant to the Base Indenture occurs and is
continuing, the Trustee or the holders of at least 25% in aggregate principal
amount of the Securities of such series then Outstanding, by notice in writing
to the Company and Parent (and to the Trustee if notice is given by such
holders), may declare the unpaid principal of, premium, if any, and accrued
interest, if any, due and payable immediately. 
Subject to the terms of the Indenture, if an Event of Default under the
Indenture shall occur and be continuing, the Trustee will be under no
obligation to exercise any of its rights or powers under the Indenture at the
request or direction of any of the holders, unless such holders have offered
the Trustee indemnity satisfactory to it. 
Upon satisfaction of certain conditions set forth in the Indenture, the
holders of a majority in principal amount of the Outstanding securities of a
series issued pursuant to the Base Indenture will have the right to direct the
time, method and place of conducting any proceeding for any remedy available to
the Trustee, or exercising any trust or power conferred on the Trustee, with
respect to the securities of such series.

 

12.  Trustee, Paying Agent and Security
Registrar May Hold Securities.  The Trustee, subject to certain limitations
imposed by the TIA, or any paying agent or Security Registrar, in 

 

A-7

 

its individual or any other capacity, may become the owner or pledgee
of Securities with the same rights it would have if it were not Trustee, paying
agent or Security Registrar.

 

13.  No
Recourse Against Others.  No recourse under or upon any
obligation, covenant or agreement of the Indenture, or of any Security, or for
any claim based thereon or otherwise in respect hereof or thereof, shall be had
against any incorporator, stockholder, officer or director, past, present or
future as such, of Parent or the Company or of any predecessor or successor
corporation, either directly or through Parent or the Company or any such
predecessor or successor corporation, whether by virtue of any constitution,
statute or rule of law, or by the enforcement of any assessment or penalty
or otherwise; it being expressly understood that the Indenture and the obligations
issued hereunder and thereunder are solely corporate obligations, and that no
such personal liability whatever shall attach to, or is or shall be incurred
by, the incorporators, shareholders, officers or directors as such, of Parent
or the Company or of any predecessor or successor corporation, or any of them,
because of the creation of the indebtedness authorized by the Indenture, or
under or by reason of the obligations, covenants or agreements contained in the
Indenture or in the Securities or implied therefrom; and that any and all such
personal liability of every name and nature, either at common law or in equity
or by constitution or statute, of, and any and all such rights and claims
against, every such incorporator, shareholder, officer or director as such,
because of the creation of the indebtedness authorized by the Indenture, or
under or by reason of the obligations, covenants or agreements contained in the
Indenture or in the Securities or implied therefrom, are hereby expressly
waived and released as a condition of, and as a consideration for, the
acceptance of the Securities.

 

14.  Discharge
of Indenture.  The Indenture contains certain provisions
pertaining to defeasance, which provisions shall for all purposes have the same
effect as if set forth herein.

 

15. 
Authentication.  This Security shall not be valid until the
Trustee signs the certificate of authentication attached to the other side of
this Security.

 

16.  Guarantees.  All payments by the Company under the
Indenture and this Security are fully and unconditionally guaranteed to the
holder of this Security by Parent, as provided in the related Guarantee and the
Indenture.

 

17.  Additional Amounts.  The Company and Parent are obligated to pay
Additional Amounts on this Security to the extent provided in Article XIV
of the Indenture.

 

18.  Abbreviations.  Customary
abbreviations may be used in the name of a Securityholder or an assignee, such
as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT
TEN (= joint tenants with right of survivorship and not as tenants in common),
CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act).

 

19.  Governing
Law.  The Base Indenture, the Second Supplemental Indenture and
this Security (and the Guarantee hereon) shall be deemed to be a contract made
under the internal laws of the State of New York, and for all purposes shall be
construed in accordance with the laws of said State.

 

A-8

 

ASSIGNMENT FORM

 

To
assign this Security, fill in the form below: (I) or (we) assign and
transfer this Security to

 

 

(Insert
assignee’s soc. sec. or tax I.D. no.)

 

 

 

 

 

 

 

 

(Print
or type assignee’s name, address and zip code)

and irrevocably appoint
                                                                                                                                 

agent to transfer this Security on the books of
the Company.  The agent may substitute
another to act for him.

 

 

 

Date:

 

Your
Signature:  

(Sign
exactly as your name appears on the face of this Security)

 

 

	
  Signature Guarantee:

  	
   

  	
   

  

 

A-9

 

ELECTION FORM

 

TO BE COMPLETED ONLY IF THE HOLDER

ELECTS TO ACCEPT THE CHANGE OF CONTROL OFFER

 

 

The
undersigned hereby irrevocably requests and instructs the Company to repurchase
the within Security (or the portion thereof specified below), pursuant to its
terms, on the Change of Control Payment Date specified in the Change of Control
Offer, for the Change of Control Payment specified in the within Security, to
the undersigned,                                                                               ,
at                                                                                    
(please print or typewrite name, address and telephone number of the
undersigned).

 

For
this election to accept the Change of Control Offer to be effective, the
undersigned must (A) deliver, to the address of the paying agent set forth
below or at such other place or places of which the Company shall from time to
time notify the Holder of the within Security, either (i) the Security
with this “Election Form” form duly completed, or (ii) a telegram, telex,
facsimile transmission or a letter from a member of a national securities
exchange or the Financial Industry Regulatory Authority, Inc. or a
commercial bank or a trust company in the United States setting forth (a) the
name of the Holder of the Security, (b) the principal amount of the
Security, (c) the principal amount of the Security to be repurchased, (d) the
certificate number or description of the tenor and terms of the Security, (e) a
statement that the option to elect repurchase is being exercised, and (f) a
guarantee stating that the Security to be repurchased, together with this “Election
Form” duly completed, will be received by the paying agent at least five
Business Days prior to the Change of Control Payment Date or (B) otherwise
comply with alternative instructions in accordance with the procedures of the
depositary. The address of the paying agent is
[          ]; Attention: 
[              ].

 

If
less than the entire principal amount of the within Security is to be
repurchased, specify the portion thereof (which principal amount must be $1,000
or an integral multiple of $1,000 in excess thereof; provided that any
remaining principal amount shall be at least the minimum authorized
denomination thereof) which the Holder elects to have repurchased: $                       .

 

 

	
   

  	
  Holder:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

A-10

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