Document:

Vessel Construction Agreement

 Exhibit 10.4 
  
 VESSEL CONSTRUCTION AGREEMENT 
  
 HULL NO.: 337 
  
 PRICE: $ Forty Million Two Hundred Fifty Thousand Dollars and No Cents 
 ($40,250,000.00) 
  
 DELIVERY DATE: 487 Days after Receipt of
Down Payment 
  
 CONTRACT 
  
 This Agreement entered into as of the 27th day of August, 2003 
  
 BETWEEN 
  
 LEEVAC INDUSTRIES, LLC 
 (Hereinafter called “LEEVAC” or “BUILDER”). 
  
 AND 
  
 PNK (LAKE CHARLES), L.L.C. 
 (Hereinafter called “OWNER”). 
  
 WITNESSETH: 
  
 ARTICLE I – SCOPE 
  

	A.	 	For the price and sum of: FORTY MILLION TWO HUNDRED FIFTY THOUSAND DOLLARS AND NO CENTS, U.S. currency ($40,250,000.00), BUILDER agrees, at its own risk and expense, subject
to and as qualified by, the other terms and conditions of this Agreement, complete and deliver to OWNER, afloat at delivery point determined by Article II-C below, on or before FOUR HUNDRED EIGHTY SEVEN (487) DAYS after receipt of Down Payment, time
being of the essence, as hereinafter provided one riverboat casino (hereinafter called the “Vessel”) constructed, outfitted and tested in accordance with the attached Specifications and Contract Drawings labeled as follows:

  

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 SPECIFICATIONS 
  
 FOR THE CONSTRUCTION OF A 
  
 330’ X 225’ SINGLE LEVEL PADDLEWHEEL CASINO VESSEL 
  
 RODNEY E. LAY & ASSOCIATES, INC. 
  
 PROJECT 4075 
  
 August 20, 2003, Revision 5 
  
 Contract Drawings per Exhibit “A” 
  
 Guidance Drawing per Exhibit “B” 
  
 Matrix of Casino and Casino Support Items per Exhibit “C” 
  
 Certificate of Delivery and Acceptance per Exhibit “D” 
  
 References 
  
 1. Quotation Letter from LEEVAC dated April 28, 2003. 
  
 2. Quotation Letter from LEEVAC dated August 21, 2003. 
  
 3. The Specifications and Contract Drawings that have been identified by the signatures of the parties hereto, and are herby made a part of this
Agreement. 
  

	B.	 	BUILDER agrees to furnish a suitable location for the construction of the Vessel. BUILDER agrees to furnish all labor, tools, equipment, materials, services, and fees necessary for
the construction and completion of said vessel, except as otherwise indicated herein or in said Specification or Contract Drawings. 

  

	C.	 	BUILDER shall be responsible for the adequacy and accuracy of the Specifications and Contract Drawings with regard to compliance with any requirements or classifications mandated by
USCG or any other governmental or regulatory body for the intended or actual use of the Vessel, in effect as of date of this Contract. 

  

	D.	 	 BUILDER will provide and/or install ready for use all parts, equipment and appurtenances shown in the Specifications and Contract Drawings (including OWNER
Furnished items, except those items to be installed by OWNER or its Subcontractors). BUILDER shall store, safe keep and handle OWNER’s equipment and supplies both 

  

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prior to and after placement on board. BUILDER shall allow sufficient working area and time to allow the timely and safe installation of equipment and
loading of supplies prior to Vessel’s departure voyage to its final mooring area. 

  

	E.	 	BUILDER will allow OWNER and/or its representative’s at all reasonable times to examine the Vessel during construction. 

  

	F.	 	BUILDER will provide OWNER with a production and completion schedule at execution of this document, and update the schedule every thirty (30) days going forward.

  

	G.	 	BUILDER will do all work hereunder in a good and workman-like manner in accordance with the Specification and Contract Drawings. All material and equipment shall be in accordance
with the Specifications, Contract Drawings, Matrices and Exhibits herein. 

  
 ARTICLE II – DELIVERY 
  

	A.	 	BUILDER agrees, subject to the other provisions of this Agreement, to complete and deliver said Vessel to aforesaid OWNER free and clear of all liens, claims and encumbrances,
except such as OWNER, or its subcontractors, their employees and/or agents and/or vendors shall cause to be placed on the Vessel, and OWNER agrees to accept delivery upon completion of the vessel at the agreed delivery point set forth in Article
II-C below. 

  

	B.	 	BUILDER agrees to deliver the Vessel to OWNER after satisfactory completion as per Drawings, Plans, Specifications and Matrices at OWNER’s coffer cell (Lake Charles) on or
before the Delivery Date specified, or such later date as may be required by reason of agreed changes in the Vessel or by reason of Force Majeure delays as that term is defined in Article V. 

  

	C.	 	The Vessel, after receiving USCG approvals, shall be inspected by OWNER safely afloat in the coffer cell. BUILDER shall execute a “Certificate of Completion and
Acceptance” in a form reasonably acceptable to OWNER at the time of delivery for such Vessel. A form of the unsigned “Certificate of Completion and Acceptance” is attached as Exhibit “D” to this Agreement.

  

	D.	 	 In the event the contract work is not finished at the time BUILDER tenders the “Certificate of Completion and Acceptance”, OWNER shall have the option, if
it, in its sole discretion, deems the Vessel fit for service, take Acceptance of the Vessel and treat all “unfinished work” as a Guarantee Defect as set forth in Article IX. In that event, Builder’s Certificate of Completion and
Acceptance shall specify all unfinished work. The parties shall agree as to the amount to be withheld from the Acceptance Payment and the Vessel shall be delivered to OWNER upon OWNER paying the undisputed 

  

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amount to BUILDER and by withholding the amount for “unfinished work” until such time that BUILDER completes the “unfinished work” and
OWNER accepts the “unfinished work” as complete. BUILDER shall invoice OWNER for completion of “unfinished work” and, provided the work meets the standards of Article II C, OWNER shall, within thirty (30) days of receipt of
Invoice, pay BUILDER. If OWNER does not exercise such option, BUILDER shall completely finish all contract work. 

  

	E.	 	BUILDER shall furnish OWNER on delivery of the Vessel a Bill of Sale and Builder’s Certificate together with whatever other documents may be required by law or by any other
regulatory agency of the United States having jurisdiction in the premises in order for OWNER to document the Vessel; and will assist OWNER, or its agent, in acquiring all required information to enable OWNER to obtain all certificates necessary to
operate the Vessel as intended. Any expense in connection with documentation or Certification of the Vessel shall be paid by OWNER. 

  
 ARTICLE III – DOWN PAYMENT 
  
 Down Payment of 15% shall be made upon Contract Signing. 
  
 ARTICLE IV – SUBSEQUENT PAYMENTS 
  

	A.	 	OWNER agrees to pay to BUILDER at address indicated on applicable BUILDER’s invoice the following “Interim Installment Payments” for such Vessel providing that the
BUILDER has satisfactorily demonstrated completion in accordance with the completion schedule as referenced in Article I – F. 

  
 5.0 % 60 days after receipt of Down Payment 
 5.0 % 90 days after receipt of Down Payment 
 5.0 % 120 days after receipt of Down Payment 
 5.0 % 150 days after receipt of Down Payment 
 5.0 % 180 days after receipt of Down Payment 
 5.0 % 210 days after receipt of Down Payment 
 5.0 % 240 days after receipt of Down Payment 
 5.0 % 270 days after receipt of Down Payment 
 5.0 % 300 days after receipt of Down Payment 
 5.0 % 330 days after receipt of Down Payment 
 5.0 % 360 days after receipt of Down Payment 
 5.0 % 390 days after receipt of Down Payment 
 5.0 % 420 days after receipt of Down Payment 
 5.0 % 450 days after receipt of Down Payment 
 5.0 % 480 days after receipt of Down Payment 
  

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 All Change Orders are to be paid monthly, based on mutually agreed percent complete. 
  

	B.	 	Upon completion of the Vessel by BUILDER and acceptance thereof by OWNER in accordance with the Agreement, OWNER agrees to pay the BUILDER at address indicated on applicable
BUILDER’s invoice the “Acceptance Payment” consisting of: 

  

	 	1.	 	The 10% balance due on Contract Price set out in Article 1-A above. 

  

	 	2.	 	Any applicable State or Local Sales and/or Use Taxes. 

  

	 	3.	 	Plus or less any changes in contract price resulting from agreed changes in the specifications and Contract Drawings in accordance with Article VII below not previously invoiced
and/or paid. 

  

	 	4.	 	Less any liquidated damages for delay in accordance with Article VI below. 

  

	C.	 	BUILDER will give OWNER notice of intended date of issuance of each “Interim Installment Payments” invoice not more than 10 nor less than 7 days before issuance. All
“Interim Installment Payments” and the “Acceptance Payment” will be due by wire transfer to Hibernia National Bank ABA #065000090, Final Credit: LEEVAC Industries, LLC Account # 6020041186. 

  

	D.	 	The “Interim Installment Payments” shall be payable within fifteen days after presentation of BUILDER’s invoice and the “Acceptance Payment” shall be
payable upon BUILDER’s invoice and the “Certificate of Completion and Acceptance” of said Vessel signed by BUILDER and OWNER. 

  

	E.	 	The BUILDER shall furnish an invoice for each “Interim Installment Payment” which shall state (i) the month invoiced; (ii) that the contract work completed complies with
the Contract Drawings and Specifications and this Agreement; and (iii) that lien releases for all claims upon said Vessel for labor, materials or equipment for said Vessel have been received by the OWNER, except those created by the OWNER, its
subcontractors, vendors, or employees. The Interim Installment Invoice shall be executed and certified by the President or Assistant Secretary/Treasurer of BUILDER. If BUILDER has any outstanding lien on Vessel, OWNER shall not be obligated to make
payment until lien is resolved, unless such liens are held by the OWNER or its vendors. 

  

	F.	 	It is agreed that time is of the essence of this Contract and that the failure of Owner to timely pay to Builder the sums of money agreed to be paid hereunder, at the times and in
the manner above set forth, shall automatically extend the agreed Delivery Dates by the number of days equal to the number of days from the Payment Due Date to the actual date of payment, provided Builder has complied with Article IV – C and D.

  

	G.	 	 The Certificate of Completion and Acceptance shall state (i) that the Vessel has been completed; (ii) that all trials and tests have been satisfactorily completed;
(iii) that the Vessel complies with the Specifications and Contract Drawings and this Agreement, and is free from defects in materials and workmanship; (iv) that there are no liens or 

  

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claims upon said Vessel for materials, equipment or labor for said Vessel, except those created or incurred by the OWNER, its subcontractors, vendors or
employees. 

  

	H.	 	The making of the Interim Installment Payments or Acceptance Payment with respect to the Vessel shall not stop the OWNER from thereafter asserting any right or remedy accruing to it
because of the failure of the BUILDER to construct and deliver the completed Vessel in accordance with the terms thereof. 

  
 ARTICLE V – FORCE MAJEURE AND DELAYS 
  

	A.	 	All agreements of the BUILDER contained in this contract respecting the Date of Delivery of the Vessel shall be subject to extension by reason of “Force Majeure”, which
term is hereby declared to be any delay caused by fire, explosion, lightning, flood, windstorm, hurricane, tornado or extraordinary rains, earthquakes, act of war, strikes, or civil riot which prevent work for two (2) consecutive days and not
caused, or contributed to, by BUILDER; and including non-delivery and/or late delivery of all OWNER furnished equipment subject to the further terms hereinafter set forth. 

  

	B.	 	Delays in receiving supplies, materials and equipment shall not be considered Force Majeure unless (a) caused by strikes or lockouts of workmen or (b) BUILDER establishes to the
satisfaction of OWNER that (1) BUILDER timely ordered such supplies, materials and equipment and (2) BUILDER exercised due diligence to obtain delivery and (3) no other source of supply was reasonably available (relative price being a factor to be
considered). 

  

	C.	 	Delays caused by late receipt of OWNER furnished equipment shall not be considered Force Majeure unless BUILDER has notified OWNER in writing of date by which each such item of
OWNER furnished equipment must be delivered to BUILDER’s Jennings or Lake Charles Yard in time to allow OWNER by utmost diligence to cause timely delivery. BUILDER shall provide OWNER with a schedule indicating latest on-site arrival date for
each OWNER furnished component. 

  

	D.	 	Failure of OWNER to remit Interim Payments, as per Article IV, D shall be considered a delay and the delivery date of the Vessel shall be automatically extended by a period of time
equal to total of said delays. 

  

	E.	 	 BUILDER shall have no responsibility for Force Majeure delays, other than to inform the OWNER in writing of the occurrence of a Force Majeure within three business
days of its occurrence and to include with that notice (i) a description of the event and (ii) its expected duration. BUILDER shall inform OWNER of the end of a Force Majeure event within three business days of its cessation and include an estimate
of the delay in Deliver Date, if any, caused by that event. Failing such notices, BUILDER shall not have the benefit of the Force Majeure clause for said event. The BUILDER shall 

  

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maintain records of such delays and allow OWNER to inspect same upon request at all reasonable times. The Delivery Date for the Vessel shall automatically be
extended by a period of time equal to the total of said delays (Extended Delivery Date) relating to the Vessel unless the OWNER, within ten (10) days after receiving the aforesaid notice of a Force Majeure event, in which event the rights of both
parties, with respect to treating such events as Force Majeure, shall be preserved. 

  
 ARTICLE VI – LIQUIDATED DAMAGES PROVISION 
  

	A.	 	All work on the Vessel contemplated hereunder shall be completed and delivery on the Vessel effected on or before the Delivery Date set forth on the first page of this Agreement or
such extensions of time as are provided for herein. Both parties recognize that because during construction OWNER will make contracts depending upon the use of the Vessel and that delivery time is of the essence and that delivery delay will result
in substantial damages not susceptible of accurate calculation. In the event the Vessel is not completed and delivered to the OWNER 30 days from the Delivery Date or Extended Delivery Date by the provisions of this Agreement, OWNER will deduct from
Delivery Payment for the Vessel the sum of Fifteen-Thousand Dollars ($15,000.00) per day for each day following the Delivery Date, or the Extended Delivery Date until the Vessel is actually completed and accepted by OWNER. This is in lieu of all
other damages, direct or consequential, which may result to OWNER from delay. The maximum Builder shall pay as liquidated damages under this agreement is Nine Hundred Thousand Dollars ($900,000). 

  

	B.	 	In the event the parties are unable to agree on the above reduction of the Acceptance Payment, the Vessel shall nevertheless be accepted by OWNER upon OWNER paying the undisputed
amount to BUILDER, and by placing the disputed portion of the acceptance in a Certificate of Deposit with a bank or in prime grade commercial paper, which is mutually acceptable to both parties, to be withdrawn only upon signatures of both
OWNER’s and BUILDER’s attorneys, interest to be accumulated and payable in proportion to the resolution of the dispute, and the certificate to be held by OWNER’s attorneys. 

  
 ARTICLE VII – CHANGES IN SPECIFICATIONS AND CONTRACT DRAWINGS

  

	A.	 	The right is reserved by OWNER to make any deductions for or additions or substitutions to the said Specifications and Contract Drawings on giving due notice in writing to BUILDER;
the cost of any such changes to be added to or deducted from the Contract price. If any such change will delay the completion of the work, BUILDER will be allowed additional time sufficient to cover such delay. The increased or reduced cost, or any
additional time required, as aforesaid, shall be submitted to OWNER by BUILDER within three (3) business days and shall be acted upon by OWNER in three (3) business days from receipt in writing before such change is made. 

 

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	B.	 	Cost of any change considered an addition or a deletion shall be “labor” and “materials” and BUILDER’S mark up, unless BUILDER and OWNER have previously
agreed to some other pricing. Cost of any change considered a substitution shall be the difference between cost of addition and cost of deletion. 

  

	C.	 	Changes required by USCG or any other regulatory body shall be subject to the same Change Order procedure, provided they are not based on laws, rules or regulations, in force prior
to date of execution of this Agreement that were the responsibility of BUILDER. 

  
 ARTICLE VIII – RISKS AND INSURANCE 
  

	A.	 	All risks of damage to or destruction of the Vessel, all machinery, materials and equipment provided by BUILDER and all liability, to or for labor employed by the BUILDER and
subcontracted effort arranged for by the BUILDER on or about the Vessel during construction and prior to delivery and acceptance, shall be the responsibility of the BUILDER. Pre-keel and full form Builder’s Risk Insurance acceptable to OWNER
(including loss or damage caused by strikes, locked-out workmen or persons taking part in labor disturbances or riots, or civil commotions, without deletions of protection and indemnity and collision clauses, and including risks of earthquakes, with
endorsements attached covering losses or damage caused by vandalism and malicious mischief) will be maintained by BUILDER at BUILDER’s expense. Such insurance shall cover the completed value of the Vessel and any agreed change orders. The
agreed starting value and ending value of the Vessel shall be established by OWNER and BUILDER and BUILDER’s subcontractors shall maintain Workmen’s Compensation, Longshoreman’s and Harborworker’s Compensation not less than
minimum required by statute, and Public Liability Insurance of $1,000,000. BUILDER shall provide relevant copes of insurance policies prior to signing of this agreement. OWNER or OWNER’s subcontractors as the case may be, shall maintain
workman’s compensation, longshoreman’s and harbor worker’s compensation insurance not less than the minimum required by statute, and public liability insurance of $1,000,000. OWNER or OWNER’s subcontractors (if any) shall provide
relevant copies of insurance policies prior to commencing any work at BUILDER’s Jennings or Lake Charles Shipyard(s) or on Vessel. 

  

	B.	 	 The said Builder’s Risk Insurance and Public Liability Insurance shall be taken out in the name of BUILDER, OWNER and “Construction Financing
Entity”, and all casualty losses under such policies shall be payable to the BUILDER and OWNER and “Construction Financing Entity”, as their interest may appear. The policy shall provide that there shall be no recourse against the
OWNER for payment of premiums or other charges and shall further provide that at least thirty (30) days’ prior written notice of any cancellation for the non-payment of premiums or other charges shall be given to the OWNER by the Insurance
underwriters. The originals of all cover notes and policies shall be delivered to the BUILDER, with duplicates thereof to OWNER. 

  

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Policies not in conformance herewith shall be conformed or surrendered and canceled upon direction of the OWNER and new policies procured in conformance
herewith. 

  

	C.	 	If, prior to Acceptance by Owner, the Vessel, its machinery, equipment or material shall be damaged, such damage shall be repaired by the BUILDER or replacement shall be supplied by
the BUILDER at its sole cost and expense except for OWNER furnished material and equipment not covered under Builder’s Risk Insurance. 

  

	D.	 	For actions prior to delivery and acceptance of the Vessel, the BUILDER shall at its own cost and expense indemnify, protect and defend the Vessel and the OWNER against any and all
claims, suits, actions, maritime liens, and other liens and costs and expenses incident thereto (including reasonable attorney’s fees and costs) arising from injury to, or death of BUILDER’s employees, workmen, BUILDER’s
subcontractors, trespassers, licensees, invitees or all other persons; and, from property damage whether in, or on, or about the Vessel and the work to be performed hereunder due in whole or in part to the act, neglect, or default of BUILDER or
BUILDER’s subcontractors or their agents or employees. It being expressly understood that the workmen other than compensated employees or subcontractors of OWNER, engaged upon the work on the Vessel, shall at all times be employees or
subcontractors of the BUILDER and not of the OWNER. 

  

	E.	 	For actions prior to delivery and acceptance of the Vessel, the OWNER shall at its own cost and expense indemnify, protect and defend the Vessel and the BUILDER against any and all
claims and costs and expenses incident thereto (including reasonable attorney’s fees and costs) arising from injury to, or death of OWNER’s employees, or OWNER’s subcontractors, or property damage whether in, or on, or about the
vessel and the work to be performed hereunder, due in whole or in part to the act, neglect, or default of the OWNER or OWNER’s subcontractors or their employees or agents. 

  

	F.	 	In the event there is an actual total loss or constructive total loss of the Vessel, this Contract shall be terminated upon receipt by OWNER and BUILDER, and “Construction
Financing Entity” as interest may appear, of the proceeds of the insurance required pursuant to this Article VIII for such actual loss or constructive total loss, or if such actual loss or constructive total loss shall occur through the
operation of a risk not covered by insurance for which the BUILDER assumes the risk as herein set forth, upon receipt by OWNER of payment of the full amount as interest may appear. 

  

	G.	 	For purposes of this Article VIII-F, it is agreed that “as interest may appear” shall be construed to mean that OWNER and “Construction Finance Entity” are
entitled to refund of amounts paid by OWNER as Down Payment and Interim Installment Payments, and BUILDER for labor expended and material/equipment purchased but not yet reimbursed. 

  

	H.	 	OWNER shall also hold harmless BUILDER as pertains any loss of OWNER furnished equipment and material while in the care, custody and control of BUILDER or Subcontractor of BUILDER.

  

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	I.	 	Payment and Performance Bond. BUILDER shall, at OWNER’S expense, furnish Payment and Performance Bonds upon execution of this Agreement covering the full and faithful payment
and performance of this Agreement and all the obligations arising in connection therewith, said bonds to be in such form and amount as OWNER prescribes and with sureties which OWNER approves. 

  
 ARTICLE IX – GUARANTEE 
  

	A.	 	The Vessel will be built in accordance with the Specifications and Contract Drawings in a good and workmanlike manner, free from defects in material and workmanship and BUILDER
agrees at BUILDER’s expense including transporting labor and supplies, to repair or replace any defects discovered within 365 days of delivery and acceptance excepting machinery and equipment manufactured by others and/or furnished by OWNER;
however, BUILDER shall assign and subrogate to OWNER all warranties by said manufacturers and agrees to extend full cooperation to OWNER, as needed, to coordinate in enforcing such warranties. PNK took out “this is in lieu of all other
expressed or implied warranties. 

  

	B.	 	In the event of any defect covered by BUILDER’s guarantee, BUILDER will make repairs or replacements at the expense of BUILDER at OWNER’s Lake Charles site.

  

	 	1.	 	OWNER shall give prompt notice and BUILDER shall have reasonable time and opportunity (seven days) under the circumstances, to inspect the Vessel before work is undertaken; and

  

	 	2.	 	BUILDER shall have the right, reasonable time, and opportunity, under the circumstances, to negotiate price with the shipyard or repairman; and 

  

	 	3.	 	BUILDER’s liability for repair or replacement costs shall not exceed the expense which BUILDER would have been incurred as determined using actual hours incurred and actual
direct material cost incurred by the OWNER with the BUILDER’s then current appropriate time and material rates applied. BUILDER at its sole option and expense may have a representative present during repairs. 

  

	C.	 	BUILDER shall have no obligation under this guarantee unless such defect becomes manifest within 365 days after Acceptance of the Vessel and notice of claim is given within ten (10)
days thereafter. The BUILDER shall not be liable for any consequential or incidental damage occasioned by any defect. 

  

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 ARTICLE X – DEFAULT 
  
 Without limiting any of the following: 
  

	A.	 	BUILDER shall be considered in default under this Agreement in the event (a) during a period of thirty (30) consecutive days (plus the number of days from the beginning of such
period when work has been prevented by force majeure causes) no substantial progress has been made in the construction of the Vessel; or (b) that Vessel has not been delivered within thirty-five (35) days after the later of the Delivery Date or
Extended Delivery Date. 

  

	B.	 	OWNER shall be considered in default under this Agreement if (a) after a period of 30 calendar days after receipt of an invoice for an Interim Installment Payment, the BUILDER has
not been paid, or (b) after 5 calendar days after Acceptance of Vessel, in accordance with Article VI-B, BUILDER has not been paid. 

  

	C.	 	In the event that circumstances beyond the control of the OWNER occur that would cause the OWNER to not have use of the Vessel, the OWNER reserves the right to terminate this
Agreement, understanding that all monies owed to the BUILDER including overhead and profit up to that point would become due and payable in full. 

  

ARTICLE XI – ARBITRATION, JURISDICTION AND LAW 
  

	A.	 	General. Any controversy, dispute, or claim between the parties to this Agreement, including any claim arising out of, in connection with, or in relation to the formation,
interpretation, performance or breach of this Agreement shall be settled exclusively by arbitration, before a single arbitrator, in accordance with this Article 8 and the then most applicable rules of the American Arbitration Association. This
agreement to arbitrate shall survive the expiration of this Agreement and shall cover all issues relevant to this Agreement. Judgment upon any award rendered by the arbitrator may be entered by any state or federal court having jurisdiction thereof.
Such arbitration shall be administered by the American Arbitration Association. Arbitration shall be the exclusive remedy for determining any such dispute, regardless of its nature. Notwithstanding the foregoing, either party may in an appropriate
matter apply to a court for provisional relief, including a temporary restraining order or a preliminary injunction, on the ground that the award to which the applicant may be entitled in arbitration may be rendered ineffectual without provisional
relief. Unless mutually agreed by the parties otherwise, any arbitration shall take place in New Orleans, Louisiana. 

  

	B.	 	 Selection of Arbitrator. In the event the parties are unable to agree upon an arbitrator, the parties shall select a single arbitrator from a list of nine (9)
arbitrators drawn by the parties at random from the “Independent” (or “Gold Card”) list of retired judges or, at the option of OWNER, from a list of nine (9) persons (which shall be retired judges or corporate or litigation
attorneys experienced in maritime construction matters) provided by the office of the American Arbitration Association having jurisdiction over New 

  

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Orleans, Louisiana. If the parties are unable to agree upon an arbitrator from the list so drawn, then the parties shall each strike names alternately from
the list, with the first to strike being determined by lot. After each party has used four strikes, the remaining name on the list shall be the arbitrator. If such person is unable to serve for any reason, the parties shall repeat this process until
an arbitrator is selected. 

  

	C.	 	Applicability of Arbitration; Remedial Authority. This agreement to resolve any disputes by binding arbitration shall extend to claims against any parent, subsidiary or affiliate of
each party, and, when acting within such capacity, any officer, director, stockholder, employee or agent of each party, or of any of the above, and shall apply as well to claims arising out of state and federal statutes and local ordinances as well
as to claims arising under the common law. In the event of a dispute subject to this paragraph the parties shall be entitled to reasonable discovery subject to the discretion of the arbitrator. The remedial authority of the arbitrator (which shall
include the right to grant injunctive or other equitable relief) shall be the same as, but no greater than, would be the remedial power of a court having jurisdiction over the parties and their dispute. The arbitrator shall, upon an appropriate
motion, dismiss any claim without an evidentiary hearing if the party bringing the motion establishes that he, she or it would be entitled to summary judgment if the matter had been pursued in court litigation. In the event of a conflict between the
applicable rules of the American Arbitration Association and these procedures, the provisions of these procedures shall govern. 

  

	D.	 	Fees and Costs. Any filing or administrative fees shall be borne initially by the party requesting arbitration. Notwithstanding the foregoing, the prevailing party in such
arbitration, as determined by the arbitrator, and in any enforcement or other court proceedings, shall be entitled, to the extent permitted by law, to reimbursement from the other party for all of the prevailing party’s costs (including but not
limited to the arbitrator’s compensation), expenses, and attorneys’ fees. 

  

	E.	 	Award Final and Binding. The arbitrator shall render an award and written opinion, and the award shall be final and binding upon the parties. If any of the provisions of this
paragraph, or of this Agreement, are determined to be unlawful or otherwise unenforceable, in whole or in part, such determination shall not affect the validity of the remainder of this Agreement, and this Agreement shall be reformed to the extent
necessary to carry out its provisions to the greatest extent possible and to insure that the resolution of all conflicts between the parties, including those arising out of statutory claims, shall be resolved by neutral, binding arbitration. If a
court should find that the arbitration provisions of this Agreement are not absolutely binding, then the parties intend any arbitration decision and award to be fully admissible in evidence in any subsequent action, given great weight by any finder
of fact, and treated as determinative to the maximum extent permitted by law. 

  

	F.	 	Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Louisiana. 

  

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 ARTICLE XII – AGREEMENT CONTROLLING 
  

	A.	 	This Agreement, which includes the Contract Drawings and Specifications and References incorporated herein by reference, contains all the agreements between the BUILDER and the
OWNER, and there are no promises or representations by either of them, other than those set forth herein. This Agreement shall not be altered or modified except by an agreement in writing signed by the parties hereto, and no officer, agent, or
employee of either the BUILDER or the OWNER shall have the power to waive any provisions hereof, unless such waiver be in writing and signed by a duly authorized representative of each of the parties hereto. 

  

	B.	 	In the event of conflict between this Agreement and the Specifications as adjusted by References and/or Contract Drawings as adjusted by References, this Agreement governs; and as
between the Specifications and the Contract Drawings, the Specifications govern. 

  
 ARTICLE XIII – INSPECTION, ACCESS, TESTS AND OFFICIAL CERTIFICATES 
  

	A.	 	During construction, BUILDER shall provide OWNER, or its accredited representative, access to inspect the Vessel, material, workmanship, plans, tests and movements. BUILDER shall
provide a suitable office for OWNER’s representative and BUILDER shall provide access to suitable facilities and conditions such as a telephone, fax, copy machine, heat and air conditioning. BUILDER will perform all of the tests and trials
required of BUILDER in the contract documents. BUILDER will supply all fuel, lubricants and stores for all such tests and trials and will give OWNER at least three (3) business days notice of the date thereof. OWNER shall provide the Captain and
Crew upon completion and acceptance of the vessel. 

  

	B.	 	All of the workmanship and material required under this agreement, while the same is in the process of fabrication, erection, construction, installation and performance, shall be
inspected promptly by the OWNER and his agents and shall be accepted promptly in accordance with this Agreement and the Contract Drawings and Specifications and all References or rejected promptly in accordance therewith. Failure to object will not
stop OWNER from later complaining if OWNER establishes that it used reasonable diligence, under the circumstances, to discover defects promptly. Where the term “promptly” is used, a “reasonable” standard shall be used.

  

	C.	 	OWNER shall have the right to appoint an “OWNER’s Representative” and OWNER shall inform BUILDER in writing as to the extent of authority OWNER has granted to said
OWNER’s representative. In the event of a “working conflict” between OWNER’s Representative and BUILDER, BUILDER shall promptly inform OWNER of the problem and OWNER shall make a due diligence effort to promptly resolve the
“working conflict” in a manner amenable to both parties. 

  

 13 

	D.	 	BUILDER shall provide access to the Vessel while under construction to inspectors from any Gaming Commission or any other public authority reasonably requested by OWNER.

  

	E.	 	BUILDER shall not allow access to the Vessel or the shipyard to any companies, representatives, employees (including PNK employees), or visitors that are not specifically related to
the construction of the Vessel or the project. All other persons are to receive written approval from the PNK Designated Person prior to access to the Vessel. 

  
 ARTICLE XIV – ASSIGNMENT OF THE AGREEMENT 
  
 This Agreement shall inure to the benefit of the BUILDER and OWNER and their successors and assigns and shall be binding
upon the BUILDER and OWNER and their successors and assigns; provided, however, that BUILDER shall not assign this Agreement or any interest hereunder without the prior written consent of OWNER, such consent to be given in OWNER’s sole
discretion, and any assignment without said prior written consent shall be null and void. OWNER may at any time sell the Vessel and/or assign this Agreement, but shall at all times remain liable under this Agreement. BUILDER and OWNER agree that
such a sale and/or assignment shall not be grounds for termination of this Agreement.  
  
 ARTICLE XV – COMPLIANCE WITH REGULATIONS AND OWNER’S 
 FINANCIAL DOCUMENTS

  
 The BUILDER shall comply with all laws, rules, regulations
and requirements of the departments or agencies of the United States affecting the construction of works, plants and Vessels, in or on navigable waters and the shores thereof, and all other waters subject to the control of the United States and of
the Louisiana Gaming Control Board. OWNER shall procure at its own expense such permits from the United States and from state and local authorities as may be necessary in connection with beginning or carrying on the completion of the contract work,
and shall at all times comply with all United States, State and local laws in any way affecting the contract work. BUILDER and OWNER acknowledge and agree that all terms and conditions of the Agreement are subject to the approval of the Louisiana
Gaming Control Board. 
  
 BUILDER acknowledges and agrees that
OWNER has provided notice to BUILDER, that OWNER’s funds for the construction and completion of the Vessel will be borrowed and or derived substantially from one or more lenders providing financing for the contract work from time to time
(“OWNER’s LENDERS”), and OWNER’S ability to obtain such funds will be subject to one or more loan documents and conditions precedent to advances thereunder. The term “OWNER’s LENDERS” shall also mean 

  

 14 

 
and include any and all trustees, intercreditor agents, disbursements agents, administrative agents, consultants, architects, inspectors, construction
managers, auditors and engineers appointed or retained directly or indirectly by or on behalf of any of OWNER’s LENDERS. 
  
 Notwithstanding any terms of this Agreement to the contrary, BUILDER will diligently continue to perform the work and its obligations under this Agreement
notwithstanding any dispute arising with OWNER, OWNER’S LENDERS or any other person or entity, so long as BUILDER continues to be paid in accordance with the terms of this Agreement for all work not in dispute and properly performed in
accordance with the terms of this Agreement and not subject to a right to withhold as provided in the Agreement. Nothing in this Agreement, or otherwise, shall cause or impose any obligation on OWNER’S LENDERS to fund any amounts, including any
loan advance, to BUILDER. 
  
 BUILDER and OWNER acknowledge and
agree that certain changes, including increases in the Contract Price and extensions of the Delivery Date may be subject to the approval of OWNER’s LENDERS before becoming effective. 
  
 BUILDER agrees to cooperate fully with all such OWNER’s LENDERS,
including BUILDER to (a) enter into such amendments to this Agreement as OWNER’s LENDERS may reasonably request so long as such amendments do not materially or substantially alter BUILDER’s rights, duties or obligations under this
Agreement and (b) enter into a consent to assignment in favor of OWNER’s LENDERS consenting to the collateral assignment of this Agreement to OWNER’s LENDERS. 
  
 ARTICLE XVI – PATENTS 
  
 OWNER agrees to protect and hold harmless BUILDER against claims of third persons for damages sustained by reason of the
infringement of the patent rights with respect to materials, processes, machinery, and equipment selected, supplied or specifically acquired by OWNER or required by any Plans or Specifications furnished by OWNER. BUILDER agrees to protect and hold
harmless OWNER against claims of third persons for damages sustained by reason of infringement of patent rights with respect to materials, processes, machinery and equipment supplied or specifically acquired by BUILDER, or required by any Plans or
Specifications furnished by BUILDER. 
  
 ARTICLE XVII –
USE OF DRAWINGS AND SPECIFICATIONS 
  
 The Specifications
and Contract Drawings and BUILDER’s working drawings of the Vessel are and shall remain property of the OWNER. 
  

 15 

 ARTICLE XVIII – NOTICES AND COMMUNICATIONS 
  
 Communication and notices shall be in writing addressed to the OWNER under
this agreement and shall be addressed to the OWNER at the following address: 
  
 Mr. Cliff Kortman 
 PNK (LAKE CHARLES), L.L.C. 
 Suite 1800 
 3800 Howard Hughes Parkway 
 Las Vegas, NV 89109 
  
 With a copy to:
                                        Mr. John
A. Godfrey, Esq. 
 PNK (LAKE CHARLES), L.L.C. 
 Suite 1800 
 3800 Howard Hughes Parkway 
 Las Vegas, NV 89109 
  
 Communications and notices shall be in writing addressed to the BUILDER under this Agreement and shall be addressed to the BUILDER at the following address: 
  
 LEEVAC INDUSTRIES, LLC 
 P.O. Box 1190, (Hwy 90 E.) 
 Jennings, LA 70546

 ATTN: Fred Stokes 
 FAX:
337-824-2970 
  
 Notices shall be given by letter or by Fax. If
by Fax, with a Fax Return Confirmation of receipt of Fax. 
  
 ARTICLE XIX – TITLE 
  
 Title to the
Vessel and to the work for the Vessel shall vest in OWNER as and when work is performed, title to the materials incorporated or installed in the Vessel shall vest in the OWNER as and when delivered to the BUILDER’S yard, and title to the
components to be incorporated or installed in the Vessel shall vest in the OWNER as and when fabricated. As used herein, the term “Vessel” shall also mean a “ship” as defined in La. R.S. 9:5522 and the terms “work,”
“materials,” and “components” shall 

  

 16 

 
have the meanings as set forth in La. R.S. 9:5522.” The risk of the loss or damage to such material and the Vessel shall remain with the BUILDER and the
OWNER shall not be deemed to have waived its right to require the BUILDER to repair and replace, at the BUILDER’s expense, defective workmanship or damaged/defective material provided by BUILDER, and to deliver the Vessel with the contract work
completed, as herein provided. The BUILDER shall have an equity in and lien on such material and completed contract work in the shipyard and elsewhere to the extent that BUILDER has not been paid for by the OWNER. Title to all scrap and title to any
material which is surplus to the requirements of this Agreement (except material furnished by the OWNER of which under any adjustment of Agreement price under the provisions of this Agreement remains the property of the OWNER) shall be vested in the
BUILDER. Without regard to the provisions of this Article XIX as to title, the BUILDER shall be subject to the risk of loss of all material and the Vessel until the completed Vessel is delivered to and accepted by the OWNER as provided in this
Agreement. 
  
 In WITNESS WHEROF the parties hereto have caused
this Agreement to be executed by their proper authorized representatives, thereunto duly authorized at [Illegible], LA . 
  

	 WITNESSES:
	  	LEEVAC INDUSTRIES, LLC
		
	 /s/    [Illegible]        

	  	 SIGNATURE:     /s/    W.F.
Stokes        

		
	 /s/    Krista J.
Reed        

	  	 NAME:      W.F. Stokes

		
	 	  	 TITLE:        President

		
	 	  	 DATE:        8/27/03

			
	 WITNESSES:
	  	 	 	 PNK (LAKE CHARLES), L.L.C.
 BY PINNACLE ENTERTAINMENT,
 INC., ITS SOLE MEMBER AND
 MANAGER

		
	 /s/    Sharon
Taylor        

	  	 SIGNATURE:      /s/    Clifford D.
Kortman        

		
	 /s/    [Illegible]        

	  	 NAME:CLIFFORD D. KORTMAN, Senior
 Vice   President – Construction/Development

		
	 	  	 DATE:        [Illegible]        

  

 17 

 LIST OF EXHIBITS 
  
 Contract Drawings - Exhibit “A”  
  
 Guidance Drawing List - Exhibit “B” 
  
 Matrix of Casino and Casino Support Items - Exhibit “C” 
  
 Certificate of Delivery and Acceptance - Exhibit “D” 
  

 18 

 Exhibit “A” Contract Drawings 
  

	 4075-A12
	  	Rev. 3	  	8/22/03	  	Main Deck Arrangement
	 4075-A13
	  	Rev. 1	  	8/13/03	  	Upper Decks Arrangement
	 4075-A14
	  	Rev. 1	  	8/13/03	  	Mezzanine Arrangement
	 4075-A17
	  	Rev. 1	  	8/14/03	  	Boat Basin Sections
	 4075-A18
	  	Rev. 1	  	8/21/03	  	Bow and Stern Elevations
	 4075-A19
	  	Rev. 1	  	8/13/03	  	Outboard Profile (Starboard)
	 4075-A21
	  	Rev. 1	  	8/20/03	  	Sideshell Decorative Treatment
	 4075-A23
	  	Rev. 6	  	8/13/03	  	State Gaming Arrangement
	 4075-A35
	  	Rev. 1	  	8/15/03	  	Hold & Tank Arrangement

  

 19 

 Exhibit “B” Preliminary Contract Drawings List 
  

	 4075-A50
	  	Rev. 1	  	8/22/03	  	Emergency Egress Plan (2 sheets)
	 4075-A51
	  	Rev. 1	  	8/22/03	  	Fire Boundary Diagram
				
	 4075-C12
	  	Rev. 1	  	8/13/03	  	Lines Plan
	 4075-C48
	  	Rev. 1	  	8/20/03	  	Welding Schedule
				
	 4075-E11
	  	Rev. 3	  	8/22/03	  	Electrical One Line Diagram (3 sheets)
	 4075-E20
	  	Rev. 2	  	8/22/03	  	208V/120V Distribution Power Panel
	 4075-E22
	  	Rev. 1	  	8/22/03	  	Gaming Equipment Power Plan
	 4075-E25
	  	Rev. 2	  	8/22/03	  	Lighting Deck Plan (3 sheets)
	 4075-E70
	  	Rev. 1	  	8/20/03	  	Shore Power Connections
				
	 4075-F18
	  	Rev. 1	  	8/20/03	  	Stacks and Masts
	 4075-F63
	  	Rev. 1	  	8/22/03	  	Door, Window and Hatch Schedule (2 sheets)
	 4075-F70
	  	Rev. 2	  	8/22/03	  	Ladders and Handrails
				
	 4075-H10
	  	Rev. 1	  	8/22/03	  	HVAC Diagram – Top Deck (sheet 1 of 4)
	 4075-H10
	  	Rev. 1	  	8/22/03	  	HVAC Diagram – Mezzanine (sheet 2 of 4)
	 4075-H10
	  	Rev. 1	  	8/22/03	  	HVAC Diagram – Main Deck (sheet 3 of 4)
	 4075-H10
	  	Rev. 1	  	8/22/03	  	HVAC Diagram – Hold Deck (sheet 4 of 4)
	 4075-H30
	  	Rev. 1	  	8/22/03	  	Chilled Water Diagram–Top Deck (sheet 1 of 4)
	 4075-H30
	  	Rev. 1	  	8/22/03	  	Chilled Water Diagram–Mezzanine (sheet 2 of 4)
	 4075-H30
	  	Rev. 1	  	8/22/03	  	Chilled Water Diagram–Main Deck (sheet 3 of 4)
	 4075-H30
	  	Rev. 1	  	8/22/03	  	Chilled Water Diagram–Hold Deck (sheet 4 of 4)
				
	 4075-M11
	  	Rev. 1	  	8/21/03	  	Machinery Arrangement
	 4075-M57
	  	Rev. 1	  	8/20/03	  	Paddlewheel Drive System Details
	 4075-M58
	  	Rev. 1	  	8/19/03	  	Paddlewheel Construction Details
				
	 4075-P10
	  	Rev. 1	  	8/21/03	  	Bilge, Ballast, and Firemain Diagram (4 sheets)
	 4075-P25
	  	Rev. 1	  	8/21/03	  	Engine Cooling Diagram
	 4075-P38
	  	Rev. 1	  	8/19/03	  	Vents, Sounds & Fills Diagram (3 sheets)
	 4075-P40
	  	Rev. 1	  	8/15/03	  	Fresh Water Piping Diagram (5 sheets)
	 4075-P44
	  	Rev. 1	  	8/22/03	  	Plumbing Drains Diagram (4 sheets)
	 4075-P50
	  	Rev. 1	  	8/18/03	  	Diesel, Oil, Lube Oil & Dirty Oil Piping Diagram
	 4075-P75
	  	Rev. 1	  	8/19/03	  	Generator Exhaust Piping Diagram (2 sheets)
	 4075-P80
	  	Rev. 1	  	8/19/03	  	Compressed Air Diagram
				
	 4075-S11
	  	Rev. 1	  	8/13/03	  	Typical Transverse Section and Watertight Blkhd.
	 4075-S20
	  	Rev. 1	  	8/21/03	  	Typical Transverse Sections (2 sheets)
	 4075-S25
	  	Rev. 2	  	8/20/03	  	Main Transverse Watertight Bulkheads
	 4075-S30
	  	Rev. 1	  	8/19/03	  	Sideshell and Longitudinal Sections
	 4075-S40
	  	Rev. 1	  	8/13/03	  	Bottom Shell Scantlings

  

 20 

	 4075-S41
	  	Rev. 1	  	8/19/03	  	Main Deck Scantlings
	 4075-S42
	  	Rev. 1	  	8/14/03	  	2nd Deck Scantlings
	 4075-S46
	  	Rev. 1	  	8/20/03	  	Ramp and Mooring Details
	 4075-S51
	  	Rev. 1	  	8/21/03	  	Main and Emergency Generator Foundations
	 4075-S53
	  	Rev. 1	  	8/18/03	  	Paddlewheel Support Structure
	 4075-S59
	  	Rev. 1	  	8/15/03	  	Structural Bulkheads Below Main Deck
	 4075-S60
	  	Rev. 1	  	8/22/03	  	Main Deck Superstructure (3 sheets)
	 4075-S61
	  	Rev. 1	  	8/14/03	  	2nd Deck Superstructure & P. H.
Superstructure
	 4075-S62
	  	Rev. 1	  	8/22/03	  	Mezzanine Deck Bhds. & Scantlings
	 4075-S65
	  	Rev. 1	  	8/14/03	  	Elevator, Stairs & Lift Structural Details
	 4075-S86
	  	Rev. 1	  	8/15/03	  	Long. and Vertical Alignment Guides (3 sheets)
	 4075-S87
	  	Rev. 1	  	8/13/03	  	Temporary Structural Supports and Mooring Attachments for Transit

  
 ABA Interior Design

  

	 IDC-001
	  	Rev. 2	  	4/1/03	  	Project Sheet Directory
	 IDC-002
	  	Rev. 2	  	4/1/03	  	General Notes & Abbreviations
	 IDC-050
	  	Rev. 2	  	4/1/03	  	Casino Materials Finish List
	 IDC-051
	  	Rev. 2	  	4/1/03	  	Casino Materials Finish List
	 IDC-052
	  	Rev. 2	  	4/1/03	  	Casino Materials Finish List
	 IDC-100
	  	Rev. 5	  	4/1/03	  	Casino/Reference Partition Plan
	 IDC-101
	  	Rev. 4	  	4/1/03	  	Casino/Part 1 Partition Plan
	 IDC-102
	  	Rev. 4	  	4/1/03	  	Casino/Part 2 Partition Plan
	 IDC-103
	  	Rev. 4	  	4/1/03	  	Casino/Part 3 Partition Plan
	 IDC-104
	  	Rev. 4	  	4/1/03	  	Casino/Part 4 Partition Plan
	 IDC-105
	  	Rev. 4	  	4/1/03	  	Casino/Part 5 Partition Plan
	 IDC-106
	  	Rev. 4	  	4/1/03	  	Casino/Part 6 Partition Plan
	 IDC-107
	  	Rev. 4	  	4/1/03	  	Casino/Part 7 Partition Plan
	 IDC-108
	  	Rev. 4	  	4/1/03	  	Casino/Part 8 Partition Plan
	 IDC-109
	  	Rev. 4	  	4/1/03	  	Casino/Part 9 Partition Plan
	 IDC-200
	  	Rev. 2	  	4/1/03	  	Casino/Reference Ceiling Plan
	 IDC-201
	  	Rev. 5	  	4/1/03	  	Casino/Part 1 Reflected Ceiling Plan
	 IDC-202
	  	Rev. 5	  	4/1/03	  	Casino/Part 2 Reflected Ceiling Plan
	 IDC-203
	  	Rev. 5	  	4/1/03	  	Casino/Part 3 Reflected Ceiling Plan
	 IDC-204
	  	Rev. 5	  	4/1/03	  	Casino/Part 4 Reflected Ceiling Plan
	 IDC-205
	  	Rev. 5	  	4/1/03	  	Casino/Part 5 Reflected Ceiling Plan
	 IDC-206
	  	Rev. 5	  	4/1/03	  	Casino/Part 6 Reflected Ceiling Plan
	 IDC-207
	  	Rev. 5	  	4/1/03	  	Casino/Part 7 Reflected Ceiling Plan
	 IDC-208
	  	Rev. 5	  	4/1/03	  	Casino/Part 8 Reflected Ceiling Plan
	 IDC-209
	  	Rev. 5	  	4/1/03	  	Casino/Part 9 Reflected Ceiling Plan
	 IDC-400
	  	Rev. 2	  	4/1/03	  	Casino/Reference Floor Covering Plan
	 IDC-401
	  	Rev. 2	  	4/1/03	  	Casino/Part 1 Floor Covering Plan
	 IDC-402
	  	Rev. 2	  	4/1/03	  	Casino/Part 2 Floor Covering Plan
	 IDC-403
	  	Rev. 2	  	4/1/03	  	Casino/Part 3 Floor Covering Plan
	 IDC-404
	  	Rev. 2	  	4/1/03	  	Casino/Part 4 Floor Covering Plan

  

 21 

	 IDC-405
	  	Rev. 2	  	4/1/03	  	Casino/Part 5 Floor Covering Plan
	 IDC-406
	  	Rev. 2	  	4/1/03	  	Casino/Part 6 Floor Covering Plan
	 IDC-407
	  	Rev. 2	  	4/1/03	  	Casino/Part 7 Floor Covering Plan
	 IDC-408
	  	Rev. 2	  	4/1/03	  	Casino/Part 8 Floor Covering Plan
	 IDC-409
	  	Rev. 2	  	4/1/03	  	Casino/Part 9 Floor Covering Plan
	 IDC-500
	  	Rev. 2	  	4/1/03	  	Casino/Ref. Furniture, Fixture & Accessory Plan
	 IDC-501
	  	Rev. 4	  	4/1/03	  	Casino/Part 1 Furniture, Fixture & Accessory Plan
	 IDC-502
	  	Rev. 4	  	4/1/03	  	Casino/Part 2 Furniture, Fixture & Accessory Plan
	 IDC-503
	  	Rev. 4	  	4/1/03	  	Casino/Part 3 Furniture, Fixture & Accessory Plan
	 IDC-504
	  	Rev. 4	  	4/1/03	  	Casino/Part 4 Furniture, Fixture & Accessory Plan
	 IDC-505
	  	Rev. 4	  	4/1/03	  	Casino/Part 5 Furniture, Fixture & Accessory Plan
	 IDC-506
	  	Rev. 4	  	4/1/03	  	Casino/Part 6 Furniture, Fixture & Accessory Plan
	 IDC-507
	  	Rev. 4	  	4/1/03	  	Casino/Part 7 Furniture, Fixture & Accessory Plan
	 IDC-508
	  	Rev. 4	  	4/1/03	  	Casino/Part 8 Furniture, Fixture & Accessory Plan
	 IDC-509
	  	Rev. 4	  	4/1/03	  	Casino/Part 9 Furniture, Fixture & Accessory Plan
	 IDC-600
	  	Rev. 4	  	4/1/03	  	Casino Interior Elevations
	 IDC-601
	  	Rev. 4	  	4/1/03	  	Casino Interior Elevations
	 IDC-602
	  	Rev. 4	  	4/1/03	  	Casino Interior Elevations
	 IDC-603
	  	Rev. 4	  	4/1/03	  	Casino Interior Elevations
	 IDC-604
	  	Rev. 4	  	4/1/03	  	Casino Interior Elevations
	 IDC-605
	  	Rev. 4	  	4/1/03	  	Casino/High Limit Interior Elevations
	 IDC-606
	  	Rev. 2	  	4/1/03	  	Casino Interior Elevations
	 IDC-607
	  	Rev. 2	  	4/1/03	  	Casino Interior Elevations
	 IDC-608
	  	Rev. 2	  	4/1/03	  	Casino/Men Restroom Interior Elevations
	 IDC-609
	  	Rev. 2	  	4/1/03	  	Casino/Women Restroom Interior Elevations
	 IDC-610
	  	Rev. 2	  	4/1/03	  	High Limit Restrooms/Cage Interior Elevations

  
 CON-TECH 
  

	 CM0.0.0V
	  	Rev. 4	  	3/31/03	  	Communications Drawing Matrix
	 CM0.0.1V
	  	Rev. 4	  	3/31/03	  	Communications Notes and Symbols
	 CM2.1.V
	  	Rev. 4	  	3/31/03	  	Casino Vessel Main Deck Voice/Data Plan
	 CM2.1M.V
	  	Rev. 3	  	3/31/03	  	Casino Vessel Upper Decks Arrangement
	 CM3.1.VA
	  	Rev. 4	  	3/31/03	  	Casino Vessel Main Deck Surveillance RCP
	 CM3.1.VB
	  	Rev. 4	  	3/31/03	  	Casino Vessel Main Deck Audio RCP
	 CM8.0.1V
	  	Rev. 3	  	3/31/03	  	Communications Room Details

  
 MEYER & ASSOCIATES

  

	 C-7
	  	Rev. 1	  	2/3/03	  	Berthing Plan
	 C-9
	  	Rev. 1	  	2/3/03	  	Enlarged Site Plan
	 C-39
	  	Rev. 2	  	3/31/03	  	Cofferdam Plan
	 C-40
	  	Rev. 2	  	3/31/03	  	Cofferdam & Mooring Sections & Details
	 C-41
	  	Rev. 2	  	3/31/03	  	Cofferdam Walkway & Misc. Sections & Details

  

 22 

 CDF 
  

	 K0.1
	  	Rev. 0	  	4/1/03	  	Casino Vessel Master Plan
	 K1.0
	  	Rev. 0	  	4/1/03	  	Entertainment Bar & Service Bar#l & #2 Equipment Plan & Schedule
	 K1.1
	  	Rev. 0	  	4/1/03	  	Entertainment Bar & Service Bar #1 & #2 Building Works Plan
	 K1.2
	  	Rev. 0	  	4/1/03	  	Entertainment Bar & Service Bar #1 & #2 Plumbing Plan & Schedule
	 K1.3
	  	Rev. 0	  	4/1/03	  	Entertainment Bar & Service Bar #1 & #2 Electrical Plan & Schedule
	 K2.0
	  	Rev. 0	  	4/1/03	  	Service Bar #3 & Beverage Stations Equip. Plan
	 K2.1
	  	Rev. 0	  	4/1/03	  	Service Bar #3 & Beverage Stations Building Works Plan
	 K2.2
	  	Rev. 0	  	4/1/03	  	Service Bar #3 & Beverage Stations Plumbing Plan/Schedule
	 K2.3
	  	Rev. 0	  	4/1/03	  	Service Bar #3 & Beverage Stations Electrical Plan/Schedule
	 K3.0
	  	Rev. 0	  	4/1/03	  	VIP Bar, Service Bar #4 and Buffet Equip. Plan
	 K3.1
	  	Rev. 0	  	4/1/03	  	VIP Bar, Service Bar #4 and Building Works Plan
	 K3.2
	  	Rev. 0	  	4/1/03	  	VIP Bar, Service Bar #4 and Plumbing Plan
	 K3.3
	  	Rev. 0	  	4/1/03	  	VIP Bar, Service Bar #4 and Electrical Plan
	 K4.0
	  	Rev. 0	  	4/1/03	  	Mezzanine Level Beverage Room Equipment Plan/Schedule
	 K4.1
	  	Rev. 0	  	4/1/03	  	Mezzanine Level Beverage Room Building Works Plan
	 K4.2
	  	Rev. 0	  	4/1/03	  	Mezzanine Level Beverage Room Plumbing And Electrical Plan/Schedule

  
 SCHINDLER 
  

	 	  	Rev. 0	  	3/14/03	  	Hydraulic Elevator—Plans & Details

  
 MULTI-COM 
  

	 PR433-00
	  	Rev. 0	  	3/26/03	  	Hold Deck Sound System Layout P.1
	 PR433-01
	  	Rev. 0	  	3/26/03	  	Main Deck Sound System Speaker Layout P.I
	 PR433-02
	  	Rev. 0	  	3/26/03	  	Sound System Speaker Layout P.3

  
 BERGMAN. WALLS &
ASSOCIATES 
  

	 LR-01
	  	Rev. 1	  	4/1/03	  	330 x 225 Paddlewheel Casino Vessel - Vessel Si Site Plan

  

 23 

 Exhibit “C” Matrix of Casino and Casino Support Items 
  
 SEE ATTACHED 
  

 24 

 Exhibit “D” Certificate of Completion and Acceptance 
  
 CERTIFICATE OF DELIVERY AND ACCEPTANCE 
  

	 DATE:                    
	 	 TIME:                    

  
 PLACE:                                  

 
 PURSUANT TO THE
SPECIFICATIONS, CONTRACT DRAWINGS FOR THE CONSTRUCTION OF A RIVERBOAT CASINO, HULL
NO. 337, LEEVAC INDUSTRIES, LLC HEREBY TENDERS TO PNK (LAKE CHARLES), LLC: 
  
 LEEVAC INDUSTRIES, LLC WARRANTS
(I) THAT THE WORK HAS BEEN COMPLETED; (II) THAT ALL TRIALS AND
TESTS HAVE BEEN SATISFACTORILY COMPLETED; (III) THAT THE WORK COMPLIES WITH
THE SPECIFICATIONS AND CONTRACT DRAWINGS AND APPLICABLE LAW AND IS FREE
FROM DEFECTS IN MATERIALS AND WORKMANSHIP; (IV) THAT THERE ARE NO
LIENS OR CLAIMS UPON SAID WORK FOR MATERIALS, EQUIPMENT OR LABOR FOR
SAID VESSEL, EXCEPT THOSE CREATED OR INCURRED BY THE OWNER, ITS
SUBCONTRACTORS, VENDORS OR EMPLOYEES; (V) THAT A TEMPORARY CERTIFICATE OF OCCUPANCY
OR EQUIVALENT CERTIFICATION HAS BEEN ISSUED BY THE APPLICABLE GOVERNMENT AGENCY
HAVING JURISDICTION OVER THE WORK INCLUDING, BUT NOT LIMITED TO, THE U.S.
COAST GUARD; (VI) THAT ALL SYSTEMS INCLUDED IN THE WORK ARE
OPERATIONAL AS DESIGNED AND TESTED; (VII) THAT BUILDER HAS PROVIDED EVIDENCE
THAT IT HAS COMPLETED OR IS READY TO PERFORM DESIGNATED INSTRUCTION
AND TRAINING OF OWNER’S PERSONNEL IN THE OPERATIONS AND MAINTENANCE
OF THE WORK; (VIII) THAT ALL WARRANTIES ARE IN PLACE AND TURNED
OVER TO OWNER; (IX) THAT ALL FINAL FINISHES, FIXTURES AND EQUIPMENT
REQUIRED BY THE CONTRACT DOCUMENTS ARE IN PLACE; AND (X) THAT
REPRODUCIBLE AS-BUILT DRAWINGS WILL BE COMPLETED AND SUBMITTED TO OWNER
WITHIN THIRTY (30) CALENDAR DAYS FOLLOWING THE DATE OF CERTIFICATION. 
  

	PNK (LAKE CHARLES), LLC	 	 	 	LEEVAC INDUSTRIES, LLC
					
	BY:	 	 PINNACLE ENTERTAINMENT, INC.,
 IT’S SOLE MEMBER AND MANAGER
	 	 	 	 	 	 
					
	BY:	 	  

	 	 	 	 	 	 
				
	TITLE:	 	  

	 	TITLE:	 	  

  

 25Form of Second Supplemental Indenture among BP Capital Markets p.l.c. and JP

 Exhibit 4.1 
  

BP Capital Markets p.l.c., 
  
 Company 
  
 AND 
  
 BP p.l.c., 
  
 Guarantor 

 
 TO 
  
 JPMorgan Chase Bank, 
  
 Trustee 
  

  
 Form of Second Supplemental Indenture 

 
 Dated as of September ·, 2003 
  

  
 Supplement to Indenture Dated as of March 8, 2002 
  
 LIBOR Guaranteed Notes due October 15, 2004 
  
 2.625% Guaranteed Notes due March 15, 2007 

 FORM OF SECOND SUPPLEMENTAL INDENTURE 
  
 SECOND SUPPLEMENTAL INDENTURE, dated as of September ·, 2003, among BP Capital Markets p.l.c., a corporation duly organized and existing under the laws of England and Wales (herein called the “Company”), having its principal office at Breakspear Park,
Breakspear Way, Hemel Hempstead, Herts HP2 4UL, England, and BP p.l.c., a corporation duly organized and existing under the laws of England (herein called the “Guarantor”), having its registered office at 1 St. James’s Square, London
SW1Y 4PD, England, and JPMorgan Chase Bank, a corporation duly organized and existing under the laws of the State of New York, having its Corporate Trust Office at 4 New York Plaza, New York, New York 10004, as Trustee (herein called the
“Trustee”) under the Base Indenture (as hereinafter defined). 
  
 RECITALS OF THE COMPANY 
  
 WHEREAS, the Company and the
Guarantor have heretofore executed and delivered to the Trustee the Indenture, dated as of March 8, 2002 (herein called the “Base Indenture”), providing for the issuance from time to time of one or more series of the Company’s
unsecured debentures, notes or other evidences of indebtedness (herein and in the Base Indenture called the “Securities”), the forms and terms of which are to be determined as set forth in Sections 201 and 301 of the Base Indenture;

  
 WHEREAS, the Company desires to create a series of Securities
in an aggregate principal amount of U.S.$500,000,000, which shall be designated the LIBOR Guaranteed Notes due October 15, 2004 (the “2004 Notes”) and a series of Securities in an aggregate principal amount of U.S.$500,000,000, which shall
be designated the 2.625% Guaranteed Notes due March 15, 2007 (the “2007 Notes”, and together with the 2004 Notes, the “Notes”), and all action on the part of the Company necessary to authorize the issuance of the Notes under the
Base Indenture and this Second Supplemental Indenture has been duly taken; 
  
 WHEREAS, the Company desires to be able to substitute BP Capital Markets America Inc., a corporation duly organized and existing under the laws of the State of Delaware, having its principal office at 4101 Winfield
Road, Warrenville, Illinois 60555, and any successor with which BP Capital Markets America Inc. may consolidate or amalgamate or into which it may merge or to which it may convey or transfer its properties and assets substantially as an entirety so
long as such successor is organized and existing under the laws of the United States or a political subdivision thereof (the “Assignee”), for the Company with respect to the Company’s obligations under the Base Indenture and this
Second Supplemental Indenture in respect of the Notes and under the Notes; and 
  
 WHEREAS, all acts and things necessary to make this Second Supplemental Indenture a valid agreement of the Company, in accordance with its terms, have been done. 
  
 RECITALS OF THE GUARANTOR 
  
 WHEREAS, the Guarantor desires to make the Guarantees provided for herein and
in the Base Indenture; and 
  

 1 

 WHEREAS, all things necessary to make this Second Supplemental Indenture a valid agreement of the
Guarantor, in accordance with its terms, have been done. 
  
 NOW,
THEREFORE, THIS SECOND SUPPLEMENTAL INDENTURE WITNESSETH: 
  
 For
and in consideration of the premises and the purchase of the Notes by the Holders thereof, it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of the Notes, as follows: 
  
 ARTICLE ONE 
  
 CREATION OF THE NOTES 
  
 Section 1.1. Designation of Series. Pursuant to the terms hereof and Sections 201 and 301 of the Base Indenture, the Company hereby creates a series of
Notes designated as the “LIBOR Guaranteed Notes due October 15, 2004” and a series of Notes designated as the “2.625% Guaranteed Notes due March 15, 2007,” which Notes shall be deemed “Securities” for all purposes under
the Base Indenture. 
  
 Section 1.2. Form of Notes. (a) The form
of the 2004 Notes shall be substantially as set forth in Exhibit A attached hereto, which is incorporated herein and made part hereof. The 2004 Notes shall bear interest, be payable and have such other terms as are stated in said form of the
2004 Notes attached hereto as Exhibit A and in the Base Indenture, as supplemented by this Second Supplemental Indenture. The Stated Maturity of the 2004 Notes shall be October 15, 2004. 
  
 (b) The form of the 2007 Notes shall be substantially as set forth in
Exhibit B attached hereto, which is incorporated herein and made part hereof. The 2007 Notes shall bear interest, be payable and have such other terms as are stated in said form of the 2007 Notes attached hereto as Exhibit B and in the
Base Indenture, as supplemented by this Second Supplemental Indenture. The Stated Maturity of the 2007 Notes shall be March 15, 2007. 
  
 Section 1.3. Limit on Amount of Series. The 2004 Notes shall not exceed U.S.$500,000,000 in aggregate principal amount Outstanding under the Base
Indenture at any time and the 2007 Notes shall not exceed U.S.$500,000,000 in aggregate principal amount Outstanding under the Base Indenture at any time, except as otherwise provided in the last paragraph of Section 301 of the Base Indenture. The
Notes may, upon the execution and delivery of this Second Supplemental Indenture or from time to time thereafter, be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver
said Notes upon the delivery of a Company Order and such other documents as shall be required by the Base Indenture. 
  
 Section 1.4. Redemption. The Notes shall not be redeemable except as provided in Section 1108 of the Base Indenture. 
  

 2 

 Section 1.5. No Sinking Fund. No sinking fund will be provided with respect to the Notes. 
  
 Section 1.6. Notes Not Convertible or Exchangeable. The Notes will not be
convertible or exchangeable for other securities or property. 
  
 Section 1.7. Issuance of Notes; Selection of Depositary. The Notes shall be issued as Global Securities in registered form, without coupons. The initial Depositary for the Notes shall be The Depository Trust Company. 
  
 ARTICLE TWO 
  
 ASSIGNMENT AND ASSUMPTION 
  
 Section 2.1. Assignment. The Company may, at its option at any time, cause the Assignee to assume the due and punctual payment of the principal of and any
interest on all of the Notes of either series, and the due and punctual performance of all of the covenants and obligations of the Company under the Notes of such series, by supplemental indenture in the form attached as Exhibit C, executed
by the Company, the Assignee and the Guarantor and delivered to the Trustee, which supplemental indenture the Trustee shall promptly execute and deliver. Upon execution and delivery of such supplemental indenture, the Trustee shall be entitled to
receive, in addition to the certificate and opinions required by Sections 102 and 903 of the Base Indenture, and (subject to Section 601 of the Base Indenture) shall be fully protected in relying upon, an Opinion of Counsel stating that, subject to
any conditions specified in such Opinion of Counsel, 
  
 (a) such
supplemental indenture has been duly authorized, executed and delivered by and constitutes a valid and legally binding obligation of the Company, the Assignee and the Guarantor enforceable in accordance with its terms, subject to bankruptcy,
insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles; 
  
 (b) the Notes of each series assumed constitute valid and legally binding obligations of the Assignee enforceable in
accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and general equity principles; and 

 
 (c) the Guarantee of the Notes of each series assumed constitutes a valid
and legally binding obligation of the Guarantor enforceable in accordance with its terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting
creditors’ rights and to general equity principles. 
  
 Section 2.2. Assumption. In the case of any assumption by the Assignee, the Assignee shall succeed to and be substituted for the Company in respect of the Notes of the series assumed, with the same effect as if it had been named in the Base
Indenture and this Second Supplemental Indenture and in the Notes of such series as the Company, and the 
  

 3 

 
Company shall thereupon be relieved of any further obligation or liability under the Indenture in respect of the Notes of such series and under the Notes of
such series. 
  
 ARTICLE THREE 
  
 MISCELLANEOUS 
  
 Section 3.1. Execution as Supplemental Indenture. This Second Supplemental Indenture is executed and shall be construed as
an indenture supplemental to the Base Indenture and, as provided in the Base Indenture, this Second Supplemental Indenture forms a part thereof. Except as herein expressly otherwise defined, the use of the terms and expressions herein is in
accordance with the definitions, uses and constructions contained in the Base Indenture. 
  
 Section 3.2. Responsibility for Recitals, Etc. The recitals herein shall be taken as the statements of the Company and the Guarantor, and the Trustee assumes no responsibility for the correctness thereof. The Trustee
makes no representations as to the validity or sufficiency of this Second Supplemental Indenture. 
  
 Section 3.3. Provisions Binding on Company’s and Guarantor’s Successors. All the covenants, stipulations, promises and agreements of the Company
contained in this Second Supplemental Indenture shall bind the Company’s successors and assigns whether so expressed or not. All the covenants, stipulations, promises and agreements of the Guarantor contained in this Second Supplemental
Indenture shall bind the Guarantor’s successors and assigns whether so expressed or not. 
  
 Section 3.4. New York Contract. This Second Supplemental Indenture, each Note and the Guarantees shall be governed by and construed in accordance with the laws of the state of New York, except that the authorization
and execution of this Second Supplemental Indenture, each Note and the Guarantees shall be governed by the laws of the respective jurisdictions of organization of the Company and the Guarantor. 
  
 Section 3.5. Execution and Counterparts. This Second Supplemental Indenture
may be executed with counterpart signature pages or in any number of counterparts, each of which shall be an original but such counterparts shall together constitute but one and the same instrument. 
  
 Section 3.6. Capitalized Terms. Capitalized terms not otherwise defined in
this Second Supplemental Indenture shall have the respective meanings assigned to them in the Base Indenture. 
  

 4 

 IN WITNESS WHEREOF, the Company and the Trustee hereto have caused this Second Supplemental Indenture to
be duly executed, and the Guarantor has caused this Second Supplemental Indenture to be signed on its behalf by Gary Admans, its duly appointed attorney, all as of the day and year first above written. 
  

	 BP CAPITAL MARKETS p.l.c.

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  

	 Attest:

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  

	 BP p.l.c.

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  

	 JPMORGAN CHASE BANK, AS
TRUSTEE

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  

	 Attest:

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  

 5 

 EXHIBIT A 
  
 FORM OF 2004 NOTE 
  
 [Face of Security] 
  
 This Security is a Global Security within the meaning of the Indenture hereinafter referred to and is registered in the name of a Depositary or a nominee of a Depositary. This Global Security is exchangeable for
Securities registered in the name of a Person other than the Depositary or its nominee only in the limited circumstances described in the Indenture, and no transfer of this Security (other than a transfer of this Security as a whole by the
Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary) may be registered except in such limited circumstances. 
  
 Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation
(“DTC”), to the Company or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC
(and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered
owner hereof, Cede & Co., has an interest herein. 
  
 BP
CAPITAL MARKETS P.L.C. 
  
 LIBOR GUARANTEED NOTE DUE OCTOBER 15, 2004 
  

	 No. 1 
	 $500,000,000 

  
 CUSIP 05565Q AJ 7 
  
 BP CAPITAL MARKETS P.L.C., a corporation duly organized and existing under the
laws of England and Wales (herein called the “Company”, which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the
principal sum of Five Hundred Million Dollars ($500,000,000) on October 15, 2004, and to pay interest thereon from September 23, 2003 or from the most recent Interest Payment Date to which interest has been paid or duly provided for on each of
December 15, 2003, March 15, 2004, June 15, 2004, September 15, 2004 and finally on October 15, 2004 (each, an “Interest Payment Date”), at the rate of interest per annum (i) for the first Interest Period (as defined below) equal to
·%; (ii) for each Interest Period except the first and last Interest Periods, equal to the three-month U.S. dollar London interbank offered rate
(“LIBOR”) minus 0.08% (as determined pursuant to the provisions set forth on the reverse of this Security); and (iii) for the last Interest Period, equal to the one-month U.S. dollar LIBOR (as determined pursuant to the provisions set
forth on the reverse of this Security), minus 0.08% until the principal hereof is paid or made available for payment. The period beginning on September 23, 2003 and ending on but excluding 

 the first Interest Payment Date and each successive period beginning on and including an Interest Payment Date and ending
on but excluding the next succeeding Interest Payment Date is herein called an “Interest Period”. Except as provided in the next succeeding sentence, if any Interest Payment Date falls on a day which is not a Business Day (as defined
below), such Interest Payment Date shall be postponed to the next succeeding Business Day, except that if such next succeeding Business Day is in the next calendar month, such Interest Payment Date shall be the next preceding Business Day. If
October 15, 2004 shall not be a Business Day, payment of the principal and interest due on that date need not be made on that day but may be made on the next day that is a Business Day with the same force and effect as if made on October 15, 2004,
provided that no interest shall accrue for the period from and after October 15, 2004. A “Business Day” means any day that is not a Saturday or Sunday and that, in London, England and in the City of New York, New York, is not a day on
which banking institutions generally are authorized or required by law, regulation or executive order to close. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be
paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be fifteen calendar days immediately preceding each respective
Interest Payment Date (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular
Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the
Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities
exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. 
  
 If any deduction or withholding for any present or future taxes, assessments or other governmental charges of the
jurisdiction (or any political subdivision or taxing authority thereof or therein) in which the Company is incorporated, shall at any time be required by such jurisdiction (or any such political subdivision or taxing authority) in respect of any
amounts to be paid by the Company of principal of or interest on a Security of this series, then the Company will pay to the Holder of a Security of this series such additional amounts as may be necessary in order that the net amounts paid to such
Holder of such Security who, with respect to any such tax, assessment or other governmental charge, is not resident in such jurisdiction, after such deduction or withholding, shall be not less than the amounts specified in such Security to which
such Holder is entitled; provided, however, that the Company shall not be required to make any payment of additional amounts (1) for or on account of any such tax, assessment or governmental charge imposed by the United States or any
political subdivision or taxing authority thereof or therein or (2) for or on account of: 

 (a) any tax, assessment or other governmental charge which would not have been imposed but for (i) the
existence of any present or former connection between such Holder (or between a fiduciary, settlor, beneficiary, member or shareholder of, or possessor of a power over, such Holder, if such Holder is an estate, trust, partnership or corporation) and
the taxing jurisdiction or any political subdivision or territory or possession thereof or area subject to its jurisdiction, including, without limitation, such Holder (or such fiduciary, settlor, beneficiary, member, shareholder or possessor) being
or having been a citizen or resident thereof or being or having been present or engaged in trade or business therein or having or having had a permanent establishment therein or (ii) the presentation of a Security of this series (where presentation
is required) for payment on a date more than 30 days after the date on which such payment became due and payable or the date on which payment thereof is duly provided for, whichever occurs later; 
  
 (b) any estate, inheritance, gift, sale, transfer, personal property or
similar tax, assessment or other governmental charge; 
  
 (c) any
tax, assessment or other governmental charge which is payable otherwise than by withholding from payments of (or in respect of) principal of, or any interest on, the Securities of this series; 
  
 (d) any tax, assessment or other governmental charge that is imposed or
withheld by reason of the failure by the Holder or the beneficial owner of the Security of this series (i) to provide information concerning the nationality, residence or identity of the Holder or such beneficial owner or (ii) to make any
declaration or other similar claim or satisfy any information or reporting requirements, which, in the case of (i) or (ii), is required or imposed by a statute, treaty, regulation or administrative practice of the taxing jurisdiction as a
precondition to exemption from all or part of such tax, assessment or other governmental charge; 
  
 (e) any tax, assessment or other governmental charge which such Holder would have been able to avoid by presenting such Security to another Paying Agent;

  
 (f) any tax, assessment or other governmental charge which is
imposed on a payment pursuant to any European Union Directive on the taxation of savings implementing the conclusions of the ECOFIN Council meeting of November 26 and 27, 2000, or any law implementing such directive; or 
  
 (g) any combination of items (a), (b), (c), (d), (e) and (f) above; nor shall
additional amounts be paid with respect to any payment of the principal of, or any interest on, any Security of such series to any Holder who is a fiduciary or partnership or other than the sole beneficial owner of such payment to the extent such
payment would be required by the laws of the jurisdiction (or any political subdivision or taxing authority thereof or therein) to be included in the income for tax purposes of a beneficiary or settlor with respect to such fiduciary or a member of
such partnership or a beneficial owner who 

 would not have been entitled to such additional amounts had it been the Holder of such Security. 
  
 The foregoing provisions shall apply mutatis mutandis to any withholding or
deduction for or on account of any present or future taxes, assessments or governmental charges of whatever nature of any jurisdiction in which any successor Person to the Company is organized, or any political subdivision or taxing authority
thereof or therein. 
  
 Payment of the principal of and interest
on this Security will be made at the office or agency of the Company maintained for that purpose in the Borough of Manhattan in the City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender
for payment of public and private debts; provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security
Register. 
  
 Reference is hereby made to the further provisions
of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 
  
 Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security
shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

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

	 BP CAPITAL MARKETS
P.L.C.

		
	 By
	 	  

	Authorized Signatory

  

	
	Attest:
	  

  
 [Trustee’s
Certificate of Authentication] 
  
 This is one of the
Securities of the series designated herein referred to in the within-mentioned Indenture. 
  

	 JPMorgan Chase Bank, as Trustee

		
	 By
	 	  

	 Authorized Officer

 [Reverse of Security] 
  
 This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”),
issued and to be issued in one or more series under an Indenture, dated as of March 8, 2002 (herein called the “Base Indenture”), among the Company, as Issuer, BP p.l.c., as Guarantor (herein called the “Guarantor”), and JPMorgan
Chase Bank, as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), (such Base Indenture as supplemented by the Second Supplemental Indenture, dated September 23, 2003, the
“Indenture”) to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitation of rights, duties and immunities thereunder of the Company, the Guarantor, the Trustee
and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof, initially limited to $500,000,000 in aggregate principal
amount. 
  
 The three-month or one-month, as applicable, U.S.
dollar LIBOR will be determined by Lehman Brothers Inc. or such other financial institution as may be appointed by the Company for such purpose, as calculation agent (the “Calculation Agent”), in accordance with the following provisions:

  
 (a) For each Interest Period, on the applicable Interest
Determination Date (as defined below), the Calculation Agent will determine LIBOR for such Interest Period. LIBOR will be the offered rate (expressed as an interest rate per annum) for three-month or one-month, as applicable, U.S. dollar deposits
for the Interest Period concerned which appears on Telerate Screen Page 3750, as of 11:00 A.M., London time, on such Interest Determination Date. “Telerate Screen Page 3750” means the display designated as Page “3750” on the
Moneyline Telerate, Inc. (or such other page as may replace page 3750 on that service or such other service or services as may be nominated by the British Bankers’ Association for the purpose of displaying London Interbank offered rates for
U.S. dollar deposits). 
  
 (b) If, on any Interest Determination
Date, LIBOR cannot be determined pursuant to (a) above, LIBOR will be determined on the basis of the rates at which deposits in U.S. dollars having a maturity of three months or one month, as applicable, commencing on the second London Business Day
(as defined below) immediately following such Interest Determination Date and in a principal amount of not less than U.S.$1,000,000, are offered by four major reference banks in the London interbank market (which may include affiliates of ABN AMRO
Incorporated and Lehman Brothers Inc.) selected by the Calculation Agent at approximately 11:00 A.M., London time, on such Interest Determination Date to prime banks in the London interbank market. The Calculation Agent will request the principal
London office of each of such banks to provide a quotation of its rate. If at least two such quotations are provided, LIBOR in respect to such Interest Determination Date will be the arithmetic mean (rounded, if necessary to the nearest
one-hundred-thousandth of a percent, with five-millionths of a percent rounded upwards) of such quotations. If fewer than two 

 quotations are provided, LIBOR in respect of such Interest Determination Date will be the arithmetic mean (rounded, if
necessary to the nearest one-hundred-thousandth of a percent, with five-millionths of a percent rounded upwards) of the rates quoted by three major banks in New York City selected by the Calculation Agent at approximately 11:00 A.M., New York City
time, on such Interest Determination Date for loans in U.S. dollars to leading European banks for a three-month or one-month period, as applicable, commencing on the second London Business Day immediately following such Interest Determination Date
and in a principal amount of not less than U.S.$1,000,000; provided, however, that if fewer than three banks selected as aforesaid by the Calculation Agent are quoting as mentioned in this sentence, LIBOR will be LIBOR in effect on such
Interest Determination Date. 
  
 For the purposes of calculating
LIBOR, “Interest Determination Date” for any Interest Period means the second London Business Day preceding the Interest Payment Date commencing such Interest Period, and a “London Business Day” means any Business Day on which
dealings in deposits in U.S. dollars are transacted in the London interbank market. 
  
 The Company shall, or shall cause the Calculation Agent to, give the Trustee written notice of the interest rate on this Security for each Interest Period promptly after the determination thereof. 
  
 Each interest payment on this Security will include interest accrued to, but
excluding, the applicable Interest Payment Date. Interest on this Security will be calculated on the basis of the actual number of days in the applicable period divided by 360. All calculations made by the Calculation Agent for the purposes of
calculating interest on the Securities of this series shall be conclusive and binding on the holders of the Securities of such series, the Trustee and the Company, absent manifest error. 
  
 This Security is not redeemable prior to Stated Maturity, except pursuant to Section 1108 of the Indenture. The date
specified for the Securities of this series, for purposes of said Section 1108, is September 16, 2003. 
  
 If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series may be
declared due and payable in the manner and with the effect provided in the Indenture. 
  
 The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the Guarantor and the rights of the Holders of the
Securities of each series to be affected under the Indenture at any time by the Company, the Guarantor and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be
affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such 

 series, to waive compliance by the Company or the Guarantor, or both, with certain provisions of the Indenture and
certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon
the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 
  
 As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with
respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Securities of
this series, the Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and
offered the Trustee reasonable indemnity, and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at the time Outstanding a direction inconsistent with such request, and shall have
failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal
hereof or interest hereon on or after the respective due dates expressed or provided for herein. 
  
 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is
absolute and unconditional, to pay the principal of and interest on this Security at the times, place and rates, and in the coin or currency, herein prescribed. 
  

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the Security
Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and interest on this Security are payable, duly endorsed by, or accompanied by a written instrument of
transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series, of authorized denominations and for the
same aggregate principal amount, will be issued to the designated transferee or transferees. 
  
 The Securities of this series are issuable only in registered form without coupons in denominations of $1,000 and any integral multiple thereof. As provided in the Indenture and subject to certain limitations therein
set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series of a different authorized denomination, as requested by the Holder surrendering the same. 

 No service charge shall be made for any such registration of transfer or exchange, but the Company may
require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
  
 Prior to due presentment of this Security for registration of transfer, the Company, the Guarantor, the Trustee and any agent of the Company, the
Guarantor or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes (subject to Section 307 of the Indenture), whether or not this Security be overdue, and neither the Company, the Guarantor,
the Trustee nor any such agent shall be affected by notice to the contrary. 
  
 The Indenture provides that the Company and the Guarantor, at the Guarantor’s option, (a) will be discharged from any and all obligations in respect of the Securities (except for certain obligations to register
the transfer or exchange of Securities, replace stolen, lost or mutilated Securities, maintain paying agencies and hold moneys for payment in trust) or (b) need not comply with certain restrictive covenants of the Indenture, in each case if the
Company or the Guarantor deposits, in trust, with the Trustee money or Government Obligations which through the payment of interest thereon and principal thereof in accordance with their terms will provide money, in an amount sufficient to pay all
the principal of and interest on the Securities on the dates such payments are due in accordance with the terms of such Securities and Guarantees, and certain other conditions are satisfied. 
  
 Except in the limited circumstances described in Section 305 of the
Indenture, the Securities of this series shall be issued in the form of one or more Global Securities and The Depository Trust Company shall be the Depositary for such Global Security or Securities. All terms used in this Security which are defined
in the Indenture shall have the meanings assigned to them in the Indenture. 

 GUARANTEE OF BP p.l.c. 
  
 For value received, BP p.l.c., a corporation duly organized and existing
under the laws of England and Wales (herein called the “Guarantor”, which term includes any successor corporation under the Indenture referred to in the Security upon which this Guarantee is endorsed), hereby unconditionally guarantees to
the Holder of the Security upon which this Guarantee is endorsed and to the Trustee referred to in such Indenture due and prompt payment of the principal of and interest on such Security when and as the same shall become due and payable, whether at
the Stated Maturity, by declaration of acceleration, call for redemption or otherwise, according to the terms thereof and of the Indenture referred to therein. In case of the failure of BP CAPITAL MARKETS
P.L.C., a corporation duly organized and existing under the laws of England and Wales (herein called the “Company”, which term includes any successor corporation under such Indenture) punctually
to make any such principal or interest payment, the Guarantor hereby agrees to cause any such payment to be made promptly when and as the same shall become due and payable, whether at the Stated Maturity, by declaration of acceleration, call for
redemption or otherwise, and as if such payment were made by the Company. 
  
 The Guarantor hereby further agrees, subject to the limitations and exceptions set forth below, that if any deduction or withholding for any present or future taxes, assessments or other governmental charges of the
jurisdiction (or any political subdivision or taxing authority thereof or therein) in which the Guarantor is incorporated, shall at any time be required by such jurisdiction (or any such political subdivision or taxing authority) in respect of any
amounts to be paid by the Guarantor under this Guarantee, the Guarantor will pay to the Holder of such Security such additional amounts as may be necessary in order that the net amounts paid to such Holder of such Security who, with respect to any
such tax, assessment or other governmental charge, is not resident in such jurisdiction, after such deduction or withholding, shall be not less than the amounts specified in such Security to which such Holder is entitled; provided, however,
that the Guarantor shall not be required to make any payment of additional amounts (1) for or on account of any such tax, assessment or governmental charge imposed by the United States or any political subdivision or taxing authority thereof or
therein or (2) for or on account of: 
  
 (a) any tax, assessment
or other governmental charge which would not have been imposed but for (i) the existence of any present or former connection between such Holder (or between a fiduciary, settlor, beneficiary, member or shareholder of, or possessor of a power over,
such Holder, if such Holder is an estate, trust, partnership or corporation) and the taxing jurisdiction or any political subdivision or territory or possession thereof or area subject to its jurisdiction, including, without limitation, such Holder
(or such fiduciary, settlor, beneficiary, member, shareholder or possessor) being or having been a citizen or resident thereof or being or having been present or engaged in trade or business therein or having or having had a permanent establishment
therein or (ii) the presentation of such Security (where presentation is required) for payment on a 

 
date more than 30 days after the date on which such payment became due and payable or the date on which payment thereof is duly provided for, whichever
occurs later; 
  
 (b) any estate, inheritance, gift, sale,
transfer, personal property or similar tax, assessment or other governmental charge; 
  
 (c) any tax, assessment or other governmental charge which is payable otherwise than by withholding from payments of (or in respect of) principal of, or any interest on, such Security; 
  
 (d) any tax, assessment or other governmental charge that is imposed or
withheld by reason of the failure by the Holder or the beneficial owner of such Security (i) to provide information concerning the nationality, residence or identity of the Holder or such beneficial owner or (ii) to make any declaration or other
similar claim or satisfy any information or reporting requirements, which, in the case of (i) or (ii), is required or imposed by a statute, treaty, regulation or administrative practice of the taxing jurisdiction as a precondition to exemption from
all or part of such tax, assessment or other governmental charge; 
  
 (e) any tax, assessment or other governmental charge which such Holder would have been able to avoid by presenting such Security to another Paying Agent; 
  
 (f) any tax, assessment or other governmental charge which is imposed on a payment pursuant to any European Union Directive
on the taxation of savings implementing the conclusions of the ECOFIN Council meeting of November 26 and 27, 2000, or any law implementing such directive; or 
  
 (g) any combination of items (a), (b), (c), (d), (e) and (f) above; nor shall additional amounts be paid with respect to any payment of the principal of,
or any interest on, such Security to any Holder who is a fiduciary or partnership or other than the sole beneficial owner of such payment to the extent such payment would be required by the laws of the jurisdiction (or any political subdivision or
taxing authority thereof or therein) to be included in the income for tax purposes of a beneficiary or settlor with respect to such fiduciary or a member of such partnership or a beneficial owner who would not have been entitled to such additional
amounts had it been the Holder of such Security. 
  
 The foregoing
provisions shall apply mutatis mutandis to any withholding or deduction for or on account of any present or future taxes, assessments or governmental charges of whatever nature of any jurisdiction in which any successor Person to the Guarantor is
organized, or any political subdivision or taxing authority thereof or therein. 
  
 The Guarantor hereby agrees that its obligations hereunder shall be as if it were principal debtor and not merely surety, and shall be absolute and unconditional, irrespective of, and shall be unaffected by, any
invalidity, irregularity or unenforceability of such Security or such Indenture, any failure to enforce the provisions of such Security 

 
or such Indenture, or any waiver, modification or indulgence granted to the Company with respect thereto, by the Holder of such Security or such Trustee, or
any other circumstance which may otherwise constitute a legal or equitable discharge of a surety or guarantor; provided, however, that, notwithstanding the foregoing, no such waiver, modification or indulgence shall, without the
consent of the Guarantor, increase the principal amount of such Security or the interest rate thereon or impose or increase any premium payable upon redemption thereof. The Guarantor hereby waives diligence, presentment, demand of payment, filing of
claims with a court in the event of merger or bankruptcy of the Company, any right to require a proceeding first against the Company, protest or notice with respect to such Security or the indebtedness evidenced thereby and all demands whatsoever,
and covenants that this Guarantee will not be discharged except by payment in full of the principal of and interest on such Security. This is a guarantee of payment and not of collection. 
  
 The Guarantor shall be subrogated to all rights of the Holder of such Security against the Company in respect of any amounts
paid to such Holder by the Guarantor pursuant to the provisions of this Guarantee; provided, however, that the Guarantor shall not be entitled to enforce, or to receive any payments arising out of or based upon, such right of
subrogation until the principal of and interest on all Securities of the same series issued under such Indenture shall have been paid in full. 
  
 No reference herein to such Indenture and no provision of this Guarantee or of such Indenture shall alter or impair the guarantee of the Guarantor, which
is absolute and unconditional, of the due and punctual payment of the principal of and interest on the Security upon which this Guarantee is endorsed at the times, place and rates, and in the coin or currency prescribed therein. 
  
 This Guarantee shall not be valid or obligatory for any purpose until the
certificate of authentication of such Security shall have been manually executed by or on behalf of the Trustee under such Indenture. 
  
 All terms used in this Guarantee which are defined in such Indenture shall have the meanings assigned to them in such Indenture. 

 IN WITNESS WHEREOF, the Guarantor has caused this Guarantee
to be signed manually or in facsimile by a person duly authorized in that behalf. 
  

	 BP P.L.C.
  

	 AUTHORIZED SIGNATORY

  

	 Attest:
  

	
	Dated the date on the face hereof.

 EXHIBIT B 
  
  
 FORM OF 2007 NOTE 
  
 [Face of Security] 
  
 This Security is a Global Security within the meaning of the Indenture
hereinafter referred to and is registered in the name of a Depositary or a nominee of a Depositary. This Global Security is exchangeable for Securities registered in the name of a Person other than the Depositary or its nominee only in the limited
circumstances described in the Indenture, and no transfer of this Security (other than a transfer of this Security as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of
the Depositary) may be registered except in such limited circumstances. 
  
 Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to the Company or its agent for registration of transfer, exchange, or payment, and any
certificate issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein. 
  
 BP CAPITAL MARKETS
P.L.C. 
  
 2.625%
GUARANTEED NOTE DUE MARCH 15, 2007 
  

	 No. 1
	  	$500,000,000

  
 CUSIP 05565Q AH 1

  
 BP CAPITAL MARKETS
P.L.C., a corporation duly organized and existing under the laws of England and Wales (herein called the “Company”, which term includes any successor corporation under the Indenture hereinafter
referred to), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the principal sum of Five Hundred Million Dollars ($500,000,000) on March 15, 2007, and to pay interest thereon from
September 23, 2003 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on March 15 and September 15 in each year, commencing March 15, 2004, at the rate of 2.625% per annum, until the
principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or
more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the March 1 or September 1 (whether or not a Business Day), as the case may be, next preceding such Interest Payment
Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular 

 
Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business
on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in
any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture.

  
 A “Business Day” means any day that is not a
Saturday or Sunday and that, in London, England and in the City of New York, New York, is not a day on which banking institutions generally are authorized or required by law, regulation or executive order to close. 
  
 If any deduction or withholding for any present or future taxes, assessments
or other governmental charges of the jurisdiction (or any political subdivision or taxing authority thereof or therein) in which the Company is incorporated, shall at any time be required by such jurisdiction (or any such political subdivision or
taxing authority) in respect of any amounts to be paid by the Company of principal of or interest on a Security of this series, then the Company will pay to the Holder of a Security of this series such additional amounts as may be necessary in order
that the net amounts paid to such Holder of such Security who, with respect to any such tax, assessment or other governmental charge, is not resident in such jurisdiction, after such deduction or withholding, shall be not less than the amounts
specified in such Security to which such Holder is entitled; provided, however, that the Company shall not be required to make any payment of additional amounts (1) for or on account of any such tax, assessment or governmental charge imposed
by the United States or any political subdivision or taxing authority thereof or therein or (2) for or on account of: 
  
 (a) any tax, assessment or other governmental charge which would not have been imposed but for (i) the existence of any present or former connection
between such Holder (or between a fiduciary, settlor, beneficiary, member or shareholder of, or possessor of a power over, such Holder, if such Holder is an estate, trust, partnership or corporation) and the taxing jurisdiction or any political
subdivision or territory or possession thereof or area subject to its jurisdiction, including, without limitation, such Holder (or such fiduciary, settlor, beneficiary, member, shareholder or possessor) being or having been a citizen or resident
thereof or being or having been present or engaged in trade or business therein or having or having had a permanent establishment therein or (ii) the presentation of a Security of this series (where presentation is required) for payment on a date
more than 30 days after the date on which such payment became due and payable or the date on which payment thereof is duly provided for, whichever occurs later; 
  

(b) any estate, inheritance, gift, sale, transfer, personal property or similar tax, assessment or other governmental charge; 
  
 (c) any tax, assessment or other governmental charge which is payable
otherwise than by withholding from payments of (or in respect of) principal of, or any interest on, the Securities of this series; 

 (d) any tax, assessment or other governmental charge that is imposed or withheld by reason of the failure
by the Holder or the beneficial owner of the Security of this series (i) to provide information concerning the nationality, residence or identity of the Holder or such beneficial owner or (ii) to make any declaration or other similar claim or
satisfy any information or reporting requirements, which, in the case of (i) or (ii), is required or imposed by a statute, treaty, regulation or administrative practice of the taxing jurisdiction as a precondition to exemption from all or part of
such tax, assessment or other governmental charge; 
  
 (e) any
tax, assessment or other governmental charge which such Holder would have been able to avoid by presenting such Security to another Paying Agent; 
  
 (f) any tax, assessment or other governmental charge which is imposed on a payment pursuant to any European Union Directive on the taxation of savings
implementing the conclusions of the ECOFIN Council meeting of November 26 and 27, 2000, or any law implementing such directive; or 
  
 (g) any combination of items (a), (b), (c), (d), (e) and (f) above; nor shall additional amounts be paid with respect to any payment of the principal of,
or any interest on, any Security of such series to any Holder who is a fiduciary or partnership or other than the sole beneficial owner of such payment to the extent such payment would be required by the laws of the jurisdiction (or any political
subdivision or taxing authority thereof or therein) to be included in the income for tax purposes of a beneficiary or settlor with respect to such fiduciary or a member of such partnership or a beneficial owner who would not have been entitled to
such additional amounts had it been the Holder of such Security. 
  
 The foregoing provisions shall apply mutatis mutandis to any withholding or deduction for or on account of any present or future taxes, assessments or governmental charges of whatever nature of any jurisdiction in which any successor Person
to the Company is organized, or any political subdivision or taxing authority thereof or therein. 
  
 Payment of the principal of and interest on this Security will be made at the office or agency of the Company maintained for that purpose in the Borough
of Manhattan in the City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company
payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. 
  
 Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have
the same effect as if set forth at this place. 

 Unless the certificate of authentication hereon has been executed by the Trustee referred to on the
reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
  
 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 
  
 Dated: 
  

	 BP CAPITAL MARKETS
P.L.C.

		
	 By
	 	  

	 Authorized Signatory

  

	 Attest:
  

  
 [Trustee’s
Certificate of Authentication] 
  
 This is one of the
Securities of the series designated herein referred to in the within-mentioned Indenture. 
  

	 JPMorgan Chase Bank, as Trustee

		
	 By
	 	 
	 	 	

	 Authorized Officer

 [Reverse of Security] 
  
 This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”),
issued and to be issued in one or more series under an Indenture, dated as of March 8, 2002 (herein called the “Base Indenture”), among the Company, as Issuer, BP p.l.c., as Guarantor (herein called the “Guarantor”), and JPMorgan
Chase Bank, as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), (such Base Indenture as supplemented by the Second Supplemental Indenture, dated September 23, 2003, the
“Indenture”) to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitation of rights, duties and immunities thereunder of the Company, the Guarantor, the Trustee
and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof, initially limited to $500,000,000 in aggregate principal
amount. 
  
 This Security is not redeemable prior to Stated
Maturity, except pursuant to Section 1108 of the Indenture. The date specified for the Securities of this series, for purposes of said Section 1108, is September 16, 2003. 
  
 If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the
Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 
  
 The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the
Company and the Guarantor and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company, the Guarantor and the Trustee with the consent of the Holders of a majority in principal amount
of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf
of the Holders of all Securities of such series, to waive compliance by the Company or the Guarantor, or both, with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver
by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not
notation of such consent or waiver is made upon this Security. 
  
 As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other
remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount of the Securities of
this series at the time 

 
Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee
reasonable indemnity, and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at the time Outstanding a direction inconsistent with such request, and shall have failed to institute any
such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof or interest hereon
on or after the respective due dates expressed or provided for herein. 
  
 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on this Security at
the times, place and rate, and in the coin or currency, herein prescribed. 
  
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the Security Register, upon surrender of this Security for registration of transfer at
the office or agency of the Company in any place where the principal of and interest on this Security are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar
duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series, of authorized denominations and for the same aggregate principal amount, will be issued to the designated
transferee or transferees. 
  
 The Securities of this series are
issuable only in registered form without coupons in denominations of $1,000 and any integral multiple thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like
aggregate principal amount of Securities of this series of a different authorized denomination, as requested by the Holder surrendering the same. 
  
 No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith. 
  
 Prior to due presentment of this Security for registration of transfer, the Company, the Guarantor, the Trustee and any agent of the Company, the Guarantor or the Trustee may treat the Person in whose name this Security is registered as the
owner hereof for all purposes (subject to Section 307 of the Indenture), whether or not this Security be overdue, and neither the Company, the Guarantor, the Trustee nor any such agent shall be affected by notice to the contrary. 
  
 The Indenture provides that the Company and the Guarantor, at the
Guarantor’s option, (a) will be discharged from any and all obligations in respect of the Securities (except for certain obligations to register the transfer or exchange of Securities, replace stolen, lost or mutilated Securities, maintain
paying agencies and hold moneys for 

 
payment in trust) or (b) need not comply with certain restrictive covenants of the Indenture, in each case if the Company or the Guarantor deposits, in
trust, with the Trustee money or Government Obligations which through the payment of interest thereon and principal thereof in accordance with their terms will provide money, in an amount sufficient to pay all the principal of and interest on the
Securities on the dates such payments are due in accordance with the terms of such Securities and Guarantees, and certain other conditions are satisfied. 
  
 Except in the limited circumstances described in Section 305 of the Indenture, the Securities of this series shall be issued in the form of one or more
Global Securities and The Depository Trust Company shall be the Depositary for such Global Security or Securities. All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture.

 GUARANTEE OF BP p.l.c. 
  
 For value received, BP p.l.c., a corporation duly organized and existing
under the laws of England and Wales (herein called the “Guarantor”, which term includes any successor corporation under the Indenture referred to in the Security upon which this Guarantee is endorsed), hereby unconditionally guarantees to
the Holder of the Security upon which this Guarantee is endorsed and to the Trustee referred to in such Indenture due and prompt payment of the principal of and interest on such Security when and as the same shall become due and payable, whether at
the Stated Maturity, by declaration of acceleration, call for redemption or otherwise, according to the terms thereof and of the Indenture referred to therein. In case of the failure of BP CAPITAL MARKETS
P.L.C., a corporation duly organized and existing under the laws of England and Wales (herein called the “Company”, which term includes any successor corporation under such Indenture) punctually
to make any such principal or interest payment, the Guarantor hereby agrees to cause any such payment to be made promptly when and as the same shall become due and payable, whether at the Stated Maturity, by declaration of acceleration, call for
redemption or otherwise, and as if such payment were made by the Company. 
  
 The Guarantor hereby further agrees, subject to the limitations and exceptions set forth below, that if any deduction or withholding for any present or future taxes, assessments or other governmental charges of the
jurisdiction (or any political subdivision or taxing authority thereof or therein) in which the Guarantor is incorporated, shall at any time be required by such jurisdiction (or any such political subdivision or taxing authority) in respect of any
amounts to be paid by the Guarantor under this Guarantee, the Guarantor will pay to the Holder of such Security such additional amounts as may be necessary in order that the net amounts paid to such Holder of such Security who, with respect to any
such tax, assessment or other governmental charge, is not resident in such jurisdiction, after such deduction or withholding, shall be not less than the amounts specified in such Security to which such Holder is entitled; provided, however,
that the Guarantor shall not be required to make any payment of additional amounts (1) for or on account of any such tax, assessment or governmental charge imposed by the United States or any political subdivision or taxing authority thereof or
therein or (2) for or on account of: 
  
 (a) any tax, assessment
or other governmental charge which would not have been imposed but for (i) the existence of any present or former connection between such Holder (or between a fiduciary, settlor, beneficiary, member or shareholder of, or possessor of a power over,
such Holder, if such Holder is an estate, trust, partnership or corporation) and the taxing jurisdiction or any political subdivision or territory or possession thereof or area subject to its jurisdiction, including, without limitation, such Holder
(or such fiduciary, settlor, beneficiary, member, shareholder or possessor) being or having been a citizen or resident thereof or being or having been present or engaged in trade or business therein or having or having had a permanent establishment
therein or (ii) the presentation of such Security (where presentation is required) for payment on a 

 
date more than 30 days after the date on which such payment became due and payable or the date on which payment thereof is duly provided for, whichever
occurs later; 
  
 (b) any estate, inheritance, gift, sale,
transfer, personal property or similar tax, assessment or other governmental charge; 
  
 (c) any tax, assessment or other governmental charge which is payable otherwise than by withholding from payments of (or in respect of) principal of, or any interest on, such Security; 
  
 (d) any tax, assessment or other governmental charge that is imposed or
withheld by reason of the failure by the Holder or the beneficial owner of such Security (i) to provide information concerning the nationality, residence or identity of the Holder or such beneficial owner or (ii) to make any declaration or other
similar claim or satisfy any information or reporting requirements, which, in the case of (i) or (ii), is required or imposed by a statute, treaty, regulation or administrative practice of the taxing jurisdiction as a precondition to exemption from
all or part of such tax, assessment or other governmental charge; 
  
 (e) any tax, assessment or other governmental charge which such Holder would have been able to avoid by presenting such Security to another Paying Agent; 
  
 (f) any tax, assessment or other governmental charge which is imposed on a payment pursuant to any European Union Directive
on the taxation of savings implementing the conclusions of the ECOFIN Council meeting of November 26 and 27, 2000, or any law implementing such directive; or 
  
 (g) any combination of items (a), (b), (c), (d), (e) and (f) above; nor shall additional amounts be paid with respect to any payment of the principal of,
or any interest on, such Security to any Holder who is a fiduciary or partnership or other than the sole beneficial owner of such payment to the extent such payment would be required by the laws of the jurisdiction (or any political subdivision or
taxing authority thereof or therein) to be included in the income for tax purposes of a beneficiary or settlor with respect to such fiduciary or a member of such partnership or a beneficial owner who would not have been entitled to such additional
amounts had it been the Holder of such Security. 
  
 The foregoing
provisions shall apply mutatis mutandis to any withholding or deduction for or on account of any present or future taxes, assessments or governmental charges of whatever nature of any jurisdiction in which any successor Person to the Guarantor is
organized, or any political subdivision or taxing authority thereof or therein. 
  
 The Guarantor hereby agrees that its obligations hereunder shall be as if it were principal debtor and not merely surety, and shall be absolute and unconditional, irrespective of, and shall be unaffected by, any
invalidity, irregularity or unenforceability of such Security or such Indenture, any failure to enforce the provisions of such Security 

 
or such Indenture, or any waiver, modification or indulgence granted to the Company with respect thereto, by the Holder of such Security or such Trustee, or
any other circumstance which may otherwise constitute a legal or equitable discharge of a surety or guarantor; provided, however, that, notwithstanding the foregoing, no such waiver, modification or indulgence shall, without the
consent of the Guarantor, increase the principal amount of such Security or the interest rate thereon or impose or increase any premium payable upon redemption thereof. The Guarantor hereby waives diligence, presentment, demand of payment, filing of
claims with a court in the event of merger or bankruptcy of the Company, any right to require a proceeding first against the Company, protest or notice with respect to such Security or the indebtedness evidenced thereby and all demands whatsoever,
and covenants that this Guarantee will not be discharged except by payment in full of the principal of and interest on such Security. This is a guarantee of payment and not of collection. 
  
 The Guarantor shall be subrogated to all rights of the Holder of such Security against the Company in respect of any amounts
paid to such Holder by the Guarantor pursuant to the provisions of this Guarantee; provided, however, that the Guarantor shall not be entitled to enforce, or to receive any payments arising out of or based upon, such right of
subrogation until the principal of and interest on all Securities of the same series issued under such Indenture shall have been paid in full. 
  
 No reference herein to such Indenture and no provision of this Guarantee or of such Indenture shall alter or impair the guarantee of the Guarantor, which
is absolute and unconditional, of the due and punctual payment of the principal of and interest on the Security upon which this Guarantee is endorsed at the times, place and rate, and in the coin or currency prescribed therein. 
  
 This Guarantee shall not be valid or obligatory for any purpose until the
certificate of authentication of such Security shall have been manually executed by or on behalf of the Trustee under such Indenture. 
  
 All terms used in this Guarantee which are defined in such Indenture shall have the meanings assigned to them in such Indenture. 

 IN WITNESS WHEREOF, the Guarantor has caused this Guarantee
to be signed manually or in facsimile by a person duly authorized in that behalf. 
  

	 BP P.L.C.

	
	  

	 AUTHORIZED SIGNATORY

  

	
	Attest:
	  

 Dated the date on the face hereof. 

 EXHIBIT C 

 BP Capital Markets p.l.c, 
 as Issuer and
Assignor, 
  
 BP Capital Markets America Inc., 

as Assignee 
  
 and 
  
 BP
p.l.c., 
 as Guarantor 
  
 to 
  
 JPMorgan Chase Bank, 
 as Trustee 
  

  
 FORM OF 
  
 SUPPLEMENTAL INDENTURE 
  
 Dated as of · 
  

 SUPPLEMENTAL INDENTURE, dated as of ·, among BP Capital Markets p.l.c., a corporation duly organized and existing under the laws of England and Wales (the “Company”), having its principal office at Breakspear
Park, Breakspear Way, Hemel Hempstead, Herts HP2 4UL, England, BP Capital Markets America Inc., a corporation duly organized and existing under the laws of the State of Delaware (the “Assignee”), having its principal office at 4101
Winfield Road, Warrenville, Illinois 60555, BP p.l.c., a corporation duly organized and existing under the laws of England (the “Guarantor”), having its registered office at 1 St. James’ Square, London SW1Y 4PD, England, and JPMorgan
Chase Bank, a corporation duly organized and existing under the laws of the State of New York, having its Corporate Trust Office at 4 New York Plaza, New York, New York 10004, as Trustee (the “Trustee”) under the Indenture (as hereinafter
defined). 
  
 RECITALS: 
  
 WHEREAS, the Company has heretofore executed and delivered to the Trustee an
Indenture, dated as of March 8, 2002 (the “Base Indenture”) and a Second Supplemental Indenture, dated September 23, 2003 (the “Second Supplemental Indenture”, and together with the Base Indenture, and as the same may be
supplemented or amended from time to time, including by this Supplemental Indenture, the “Indenture”), providing for the issuance of the Company’s [LIBOR Guaranteed Notes due October 15, 2004] and [2.625% Guaranteed Notes due March
15, 2007] (the “Notes”); 
  
 WHEREAS, Sections 2.1 and
2.2 of the Second Supplemental Indenture permit the Company, the Assignee, the Guarantor and the Trustee to enter into an indenture supplemental to the Base Indenture to provide for the assumption by the Assignee of the due and punctual performance
of all of the covenants and obligations of the Company under the Indenture in respect of the Notes and under the Notes; 
  
 WHEREAS, the Company, the Guarantor and the Assignee have duly authorized the execution and delivery of this Supplemental Indenture; 
  
 WHEREAS, all things necessary to make this Supplemental Indenture a valid
agreement of the Company, Guarantor and Assignee according to its terms have been done; and 
  
 WHEREAS, the foregoing recitals are made as statements of fact by the Company, the Assignee and the Guarantor and not by the Trustee; 
  
 NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH: 

 For and in consideration of the premises and such other valuable consideration, the receipt of which is
hereby acknowledged, it is mutually agreed, for the equal and proportionate benefit of all Holders of the Notes, as follows: 
  
 ARTICLE ONE 
  
 ASSIGNMENT, ASSUMPTION AND RELEASE 
  
 Section 1.1. Assignment and Assumption 
  
 (a) The Company hereby assigns to the Assignee, and the Assignee hereby unconditionally and expressly assumes, confirms and agrees to perform and observe, each and every one of the covenants, rights, promises,
agreements, terms, conditions, obligations, duties and liabilities of the Company under the Indenture in respect of the Notes and under the Notes. The Assignee represents and warrants to the other parties hereto that it is not, immediately after
such assumption, in default in the performance of any covenants or obligations under the Indenture in respect of the Notes or under the Notes. 
  
 (b) All references to the “Company” in the Indenture insofar as they may relate to the Notes, or in the Notes, or in any document, instrument or
agreement executed and delivered or furnished, or to be executed and delivered or furnished, in connection therewith shall be deemed to be references to the Assignee, except for references to the Company relating to its status prior to the date
hereof. 
  
 Section 1.2. Release 
  
 The Company hereby relinquishes its rights and is released from its
obligations under the Indenture in respect of the Notes and under the Notes. 
  
 ARTICLE TWO 
  
 EVENT OF
DEFAULT 
  
 Section 2.1. Additional Definitions of “Event of
Default” Relating to the United States 
  
 From the
date hereof, in addition to the events specified in the definition of “Event of Default” in section 501 of the Base Indenture, with respect to the Assignee, “Event of Default” will also mean: 

 (a) the entry by a court having jurisdiction in the premises of (A) a decree or order for relief in
respect of the Assignee in an involuntary case or proceeding under any applicable bankruptcy, insolvency, reorganization or other similar law of the United States or (B) a decree or order adjudging the Assignee a bankrupt or insolvent, or approving
as properly filed a petition filed against the Assignee seeking reorganization, arrangement, adjustment or composition of or in respect of the Assignee under any applicable law of the United States, or appointing without the consent of the Assignee
a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Assignee or of the whole or substantially all of its property, or ordering the winding up or liquidation of its affairs, and the continuance of any
such decree or order for relief or any such other decree or order unstayed and in effect for a period of 90 consecutive days; or 
  
 (b) the commencement by the Assignee of a voluntary case or proceeding under any applicable bankruptcy, insolvency, reorganization or other similar law of
the United States or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by it to the entry of a decree or order for relief in respect of the Assignee in an involuntary case or proceeding under any applicable
bankruptcy, insolvency, reorganization or other similar law of the United States or to the commencement of any bankruptcy or insolvency case or proceeding against it, or the filing by it of a petition or answer or consent seeking reorganization or
relief under any applicable bankruptcy, insolvency, reorganization or other similar law of the United States, or the consent by it to the filing of such petition or to the appointment of or taking possession by a custodian, receiver, liquidator,
assignee, trustee, sequestrator or similar official of the Assignee or of the whole or substantially all of its property, or the making by it of an assignment for the benefit of creditors, or the admission by it in writing of its inability to pay
its debts generally as they become due, or the taking of corporate action by the Assignee in furtherance of any such action. 
  
 ARTICLE THREE 
  
 GUARANTEE 
  
 Section 3.1. Guarantee 
  
 The Guarantor
confirms that its Guarantee of the Notes remains in full force and effect, in accordance with its terms, notwithstanding the assignment and assumption effected hereby. 

 ARTICLE FOUR 
  
 MISCELLANEOUS 
  
 Section 4.1. Execution as Supplemental Indenture 
  
 This Supplemental Indenture is executed and shall be construed as an indenture supplemental to the Indenture and, as provided in the Indenture, this
Supplemental Indenture forms a part thereof. Except as herein expressly otherwise defined, the use of the terms and expressions herein is in accordance with the definitions, uses and constructions contained in the Indenture. 
  
 Section 4.2. Responsibility for Recitals, Etc. 
  
 The recitals herein shall be taken as the statements of the Company, the
Assignee and the Guarantor, and the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture. 
  
 Section 4.3. Provisions Binding on Company’s, Assignee’s and Guarantor’s
Successors 
  
 All the covenants, stipulations, promises
and agreements of the Company, Assignee and Guarantor, respectively, contained in this Supplemental Indenture shall bind the Company’s, Assignee’s and Guarantor’s successors and assigns, respectively, whether so expressed or not.

  
 Section 4.4. Governing Law 
  
 This Supplemental Indenture shall be governed by and construed in accordance
with the laws of the State of New York, except that the authorization and execution of this Supplemental Indenture shall be governed by the laws of the respective jurisdictions of organization of the Company, the Assignee and the Guarantor.

  
 Section 4.5. Execution and Counterparts 
  
 This Supplemental Indenture may be executed with counterpart signature pages
or in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 
  
 Section 4.6. Capitalized Terms 
  
 Capitalized terms not otherwise defined in this Supplemental Indenture shall have the respective meanings assigned to them in the Indenture. 

 IN WITNESS WHEREOF, the Company, the Assignee and the
Trustee hereto have caused this Supplemental Indenture to be duly executed, and the Guarantor has caused this Supplemental Indenture to be signed on its behalf by [·], its duly appointed attorney, all as of the day and year first above written. 
  

	 BP Capital Markets p.l.c.

		
	 By
	 	  

	 	 	 Name:

	 	 	 Title:

  

	 Attest:

	
	

  

	 BP Capital Markets America Inc.

		
	 By
	 	  

	 	 	 Name:

	 	 	 Title:

  

	 Attest:

	
	

  

	 BP p.l.c.

		
	 By
	 	  

	 	 	 Name:

	 	 	 Title:

  

	 Attest:

	
	

	 JPMorgan Chase Bank, as Trustee

		
	 By
	 	  

	 	 	 Name:

	 	 	 Title:

  

	 Attest:

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