Document:

EXHIBIT 4.1

         UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), NEW YORK, NEW
YORK, 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
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.

         THIS SECURITY IS A GLOBAL SECURITY AS REFERRED TO IN THE INDENTURE
HEREINAFTER REFERENCED. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR
THE INDIVIDUAL SECURITIES REPRESENTED HEREBY, TRANSFERS OF THIS GLOBAL SECURITY
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR
TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR'S NOMINEE AND TRANSFERS OF PORTIONS OF
THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE
RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.

<PAGE>

REGISTERED                                                          $250,000,000

NO. 0001                                                    CUSIP No.: 232820AF7

                              CYTEC INDUSTRIES INC.

                     Form of 5.50% Note due October 1, 2010

         CYTEC INDUSTRIES INC., a Delaware corporation (the "Company"), promises
to pay to Cede & Co., or its registered assigns, the principal amount of Two
Hundred and Fifty Million Dollars ($250,000,000) on October 1, 2010.

         Interest Payment Dates: April 1 and October 1, commencing April 1,
2006.

         Record Dates: March 15 and September 15.

         Additional provisions of this Security are set forth on the other side
of this Security. Such additional provisions shall for all purposes have the
same effect as if set forth at this place.

<PAGE>

         IN WITNESS WHEREOF, the Company has caused this Security to be signed
manually or by facsimile by its duly authorized officers.

Dated:  October 4, 2005

                                        CYTEC INDUSTRIES INC.

                                        By:
                                            ------------------------------------
                                            Name:  James P. Cronin
                                            Title: Executive Vice President
                                                   and Chief Financial Officer

                                        By:
                                            ------------------------------------
                                            Name:  Thomas P. Wozniak
                                            Title: Treasurer

                     TRUSTEE'S CERTIFICATE OF AUTHENTICATION

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

Dated:  October 4, 2005

                                        JPMORGAN CHASE BANK, N.A.,
                                        as Trustee,

                                        By:
                                            ------------------------------------
                                                  Authorized Signatory

<PAGE>

                            [Reverse of Global Note]

             Form of 5.50% Note due October 1, 2010 (the "Security")

1.       Interest

         Cytec Industries Inc., a Delaware corporation (such corporation, and
its successors and assigns under the Indenture hereinafter referred to, being
herein called the "Company"), promises to pay interest on the principal amount
of this Security at the rate per annum shown above. The Company will pay
interest semiannually on April 1 and October 1 of each year, commencing April 1,
2006. Interest on the Securities will accrue from the most recent date to which
interest has been paid or, if no interest has been paid, from October 4, 2005.
Interest will be computed on the basis of a 360-day year of twelve 30-day
months.

2.       Method of Payment

         The Company will pay interest on the Securities (except defaulted
interest) to the Persons who are registered holders of Securities at the close
of business on the record date (whether or not a business day) immediately
preceding the interest payment date even if Securities are canceled after the
record date and on or before the interest payment date. Holders must surrender
Securities to a Paying Agent to collect principal payments. The Company will pay
principal and interest in money of the United States that at the time of payment
is legal tender for payment of public and private debts. Payments in respect of
the Securities represented by a Global Security (including principal, premium
and interest) may be made by wire transfer of immediately available funds to the
accounts specified by The Depository Trust Company. The Company will make all
payments in respect of a certificated Security (including principal, premium and
interest) by mailing a check to the registered address of each Holder thereof;
provided, however, that payments on a certificated Security will be made by wire
transfer to a U.S. dollar account maintained by the payee with a bank in the
United States if such Holder elects payment by wire transfer by giving written
notice to the Trustee or the Paying Agent to such effect designating such
account no later than 30 days immediately preceding the relevant due date for
payment (or such other date as the Trustee may accept in its discretion).

3.       Paying Agent and Registrar

         Initially, JPMorgan Chase Bank, N.A., a national banking association
("Trustee"), will act as Paying Agent and Registrar. The Company may appoint and
change any Paying Agent, Registrar or co-registrar without notice. The Company
or any of its domestically incorporated Wholly Owned Subsidiaries may act as
Paying Agent, Registrar or co-registrar.

4.       Indenture

         The Company issued the Securities under an Indenture dated as of March
15, 1998, as amended by the First Supplemental Indenture dated as of May 11,
1998 between the Company and the Trustee, as successor of PNC Bank, National
Association (collectively, the "Indenture"). The terms of the Securities include
those stated in the Indenture and those made part of the Indenture by reference
to the Trust Indenture Act of 1939, as amended (15 U.S.C. 77aaa-77bbb) as in
effect on the date of the Indenture (the "Act"). Terms defined in the

<PAGE>

Indenture and not defined herein have the meanings ascribed thereto in the
Indenture. The Securities are subject to all such terms, and Holders are
referred to the Indenture and the Act for a statement of those terms.

         The Securities are senior unsecured obligations of the Company limited
to $250,000,000 aggregate principal amount (subject to Section 2.11 of the
Indenture).

5.       Optional Redemption

         The Securities may be redeemed, in whole or in part, at any time or
from time to time, at the option of the Company, upon not less than 30 and not
more than 60 days' notice mailed to each Holder of the Securities to be redeemed
at the Holder's address appearing in the books of the Registrar, on any date
prior to maturity (the "Redemption Date") at a price equal to the greater of (i)
100% of the principal amount of the Securities being redeemed on the redemption
date or (ii) the sum of the present values of the remaining scheduled payments
of principal and interest thereon (not including any portion of such payments of
interest accrued as of the Redemption Date) discounted to the Redemption Date on
a semi- annual basis (assuming a 360-day year consisting of twelve 30-day
months) at the Treasury Rate (as defined below), as determined by the Reference
Treasury Dealer (as defined below), plus 30 basis points plus, in each case,
accrued interest thereon to the Redemption Date.

         "Treasury Rate" means, with respect to any Redemption Date, the rate
per annum equal to the semi-annual equivalent yield to maturity of the
Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue
(expressed as a percentage of its principal amount) equal to the Comparable
Treasury Price for such Redemption Date.

         "Comparable Treasury Issue" means the United States Treasury security
selected by the Reference Treasury Dealer as having a maturity comparable to the
remaining term of the Securities to be redeemed that would be utilized, at the
time of selection and in accordance with customary financial practice, in
pricing new issues of corporate debt securities of comparable maturity to the
remaining term of the Securities.

         "Comparable Treasury Price" means, with respect to any Redemption Date,
(i) the average of the Reference Treasury Dealer Quotations for such Redemption
Date, after excluding the highest and lowest such Reference Treasury Dealer
Quotations, or (ii) if the Trustee obtains fewer than three such Reference
Treasury Dealer Quotations, the average of all such Quotations, or (iii) if only
one Reference Treasury Dealer Quotation is received, such Quotation.

         "Reference Treasury Dealer" means (i) Citigroup Global Markets, Inc.,
ABN AMRO Incorporated or Wachovia Capital Markets, LLC (or their respective
affiliates which are Primary Treasury Dealers), and their respective successors;
provided, however, that if any of the foregoing shall cease to be a primary U.S.
Government securities dealer in New York City (a "Primary Treasury Dealer"), the
Company shall substitute therefor another Primary Treasury Dealer; and (ii) two
or more other Primary Treasury Dealers selected by the Company.

         "Reference Treasury Dealer Quotations" means, with respect to each
Reference Treasury Dealer and any redemption date, the average, as determined by
the Trustee, of the bid and asked prices for the Comparable Treasury Issue
(expressed in each case as a percentage of its

                                       2

<PAGE>

principal amount) quoted in writing to the Trustee by such Reference Treasury
Dealer at 5:00 p.m. (New York City time) on the third Business Day preceding
such Redemption Date.

         In the case of any partial redemption, selection of the Securities for
redemption will be made by DTC, in the case of Securities represented by a
Global Security, or by the Trustee by lot or by such other method as the Trustee
in its sole discretion shall deem to be fair and appropriate, although no
Security of $1,000 in original principal amount or less shall be redeemed in
part. If any Security is to be redeemed in part only, the notice of redemption
relating to such Security shall state the portion of the principal amount
thereof to be redeemed. A new Security in principal amount equal to the
unredeemed portion thereof will be issued in the name of the Holder thereof upon
cancellation of the original Security.

6.       Notice of Redemption

         Notice of redemption will be mailed at least 30 days but not more than
60 days before the Redemption Date to each Holder of the Securities to be
redeemed at his registered address. Once notice of redemption is mailed, the
Securities called for redemption will become due and payable on the Redemption
Date and at the applicable redemption price, plus accrued and unpaid interest to
the Redemption Date.

7.       Denominations; Transfer; Exchange

         The Securities are in registered form without coupons in denominations
of $1,000 and whole multiples of $1,000. A Holder may transfer or exchange
Securities in accordance with the Indenture. The Registrar may require a Holder,
among other things, to furnish appropriate endorsements or transfer documents
and to pay any taxes and fees required by law or permitted by the Indenture. The
Registrar need not register the transfer of or exchange of any Securities
selected for redemption (except, in the case of a Security to be redeemed in
part, the portion of the Security not to be redeemed) or any Securities for a
period of 15 days before a selection of Securities to be redeemed.

8.       Persons Deemed Owners

         The registered Holder of this Security may be treated as the owner of
it for all purposes.

9.       Unclaimed Money

         If money for the payment of principal or interest remains unclaimed for
two years, the Trustee or Paying Agent shall pay the money back to the Company
at its request unless an abandoned property law designates another Person. After
any such payment, Holders entitled to the money must look only to the Company
and not to the Trustee for payment.

10.      Discharge and Defeasance

         Subject to certain conditions, the Company at any time may terminate
some or all of its obligations under the Securities and the Indenture if the
Company irrevocably deposits with

                                       3

<PAGE>

the Trustee money or U.S. Government Obligations for the payment of principal
and interest on the Securities to redemption or maturity, as the case may be.

11.      Amendment, Waiver

         Subject to certain exceptions set forth in the Indenture, (i) the
Indenture or the Securities may be amended with the written consent of the
Holders of at least a majority in principal amount outstanding of the Securities
and (ii) any default or noncompliance with any provision may be waived with the
written consent of the Holders of a majority in principal amount outstanding of
the Securities. Subject to certain exceptions set forth in the Indenture,
without the consent of any Holder, the Company and the Trustee may amend the
Indenture or the Securities to cure any ambiguity, omission, defect or
inconsistency, or to comply with Article 5 of the Indenture, or to provide for
uncertificated Securities in addition to or in place of certificated Securities,
or to add guarantees with respect to the Securities or to secure the Securities,
or to add additional covenants or surrender rights and powers conferred on the
Company, or to comply with any request of the SEC in connection with qualifying
the Indenture under the Act, or to make any change that does not adversely
affect the rights of any Holder, or to evidence and provide for the acceptance
of appointment of a successor Trustee or separate Trustee (or to change any
provisions of the Indenture relating to such appointment).

12.      Defaults and Remedies

         Under the Indenture, Events of Default include a (i) default in the
payment of any interest upon any of the Securities for 30 days or more after
such payment is due; (ii) default in the payment of the principal of and
premium, if any, on any of the Securities when due; (iii) default by the Company
in the performance, or breach, of any of its other covenants in the Indenture
which will not have been remedied by the end of a period of 60 days after
written notice to the Company by the Trustee or to the Company and the Trustee
by the Holders of at least 25% in principal amount of the outstanding
Securities; (iv) failure to pay when due the principal of, or acceleration of,
any indebtedness for money borrowed by the Company or a Subsidiary in excess of
$50.0 million principal amount, if such indebtedness is not discharged, or such
acceleration is not annulled, by the end of a period of 30 days after written
notice to the Company by the Trustee or to the Company and the Trustee by the
Holders of at least 25% in principal amount of the outstanding Securities; and
(v) certain events of bankruptcy, insolvency or reorganization of the Company.

         If an Event of Default occurs and is continuing, the Trustee or the
Holders of at least 25% in principal amount of the Securities may declare all
the Securities to be due and payable immediately. Certain events of bankruptcy
or insolvency are Events of Default which will result in the Securities being
due and payable immediately upon the occurrence of such Events of Default.

         Holders may not enforce the Indenture or the Securities except as
provided in the Indenture. The Trustee may refuse to enforce the Indenture or
the Securities unless it receives reasonable indemnity or security. Subject to
certain limitations, Holders of a majority in principal amount of the Securities
may direct the Trustee in its exercise of any trust or power. The Trustee may
withhold from Holders notice of any continuing Default (except a Default in

                                       4

<PAGE>

payment of principal or interest) if it determines that withholding notice is in
the interest of the Holders.

13.      Trustee Dealings with the Company

         Subject to certain limitations imposed by the Act, the Trustee under
the Indenture, in its individual or any other capacity, may become the owner or
pledgee of Securities and may otherwise deal with and collect obligations owed
to it by the Company and may otherwise deal with the Company with the same
rights it would have if it were not Trustee.

14.      No Recourse Against Others

         A director, officer, employee or stockholder, as such, of the Company
or the Trustee shall not have any liability for any obligations of the Company
under the Securities or the Indenture or for any claim based on, in respect of
or by reason of such obligations or their creation. By accepting a Security,
each Holder waives and releases all such liability. The waiver and release are
part of the consideration for the issue of the Securities.

15.      Authentication

         This Security shall not be valid until an authorized signatory of the
Trustee (or an authenticating agent) manually signs the certificate of
authentication on the other side of this Security.

16.      Abbreviations

         Customary abbreviations may be used in the name of a Holder or an
assignee, such as TEN COM (= tenants in common), TEN ENT (= tenants by the
entireties), JT TEN (= joint tenants with rights of survivorship and not as
tenants in common), CUST (= custodian), and U/G/M/A (= Uniform Gift to Minors
Act).

17.      Governing Law

         THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE
PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF
ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

18.      CUSIP Numbers

         Pursuant to a recommendation promulgated by the Committee on Uniform
Security Identification Procedures, the Company has caused CUSIP numbers to be
printed on the Securities and has directed the Trustee to use CUSIP numbers in
notices of redemption as a convenience to Holders. No representation is made as
to the accuracy of such numbers either as printed on the Securities or as
contained in any notice of redemption and reliance may be placed only on the
other identification numbers placed thereon.

                                       5

<PAGE>

                                 ASSIGNMENT FORM

To assign this Security, fill in the form below:

I or we assign and transfer this Security to

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

                           -----------------------------------------------------
                           (Insert assignee's soc. sec. or tax I.D. No.)

and irrevocably appoint ___________________ agent to transfer this Security on

the books of the Company.  The agent may substitute another to act for him.

Date: ________________ Your Signature: _________________________________________

Sign exactly as your name appears on the other side of this Security.

                                       6EXHIBIT 4.2

         UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), NEW YORK, NEW
YORK, 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
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.

         THIS SECURITY IS A GLOBAL SECURITY AS REFERRED TO IN THE INDENTURE
HEREINAFTER REFERENCED. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR
THE INDIVIDUAL SECURITIES REPRESENTED HEREBY, TRANSFERS OF THIS GLOBAL SECURITY
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR
TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR'S NOMINEE AND TRANSFERS OF PORTIONS OF
THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE
RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.

<PAGE>

REGISTERED                                                          $250,000,000

NO. 0001                                                    CUSIP No.: 232820AG5

                              CYTEC INDUSTRIES INC.

                     Form of 6.00% Note due October 1, 2015

         CYTEC INDUSTRIES INC., a Delaware corporation (the "Company"), promises
to pay to Cede & Co., or its registered assigns, the principal amount of Two
Hundred and Fifty Million Dollars ($250,000,000) on October 1, 2015.

         Interest Payment Dates: April 1 and October 1, commencing April 1,
2006.

         Record Dates: March 15 and September 15.

         Additional provisions of this Security are set forth on the other side
of this Security. Such additional provisions shall for all purposes have the
same effect as if set forth at this place.

<PAGE>

         IN WITNESS WHEREOF, the Company has caused this Security to be signed
manually or by facsimile by its duly authorized officers.

Dated:  October 4, 2005

                                       CYTEC INDUSTRIES INC.

                                       By:
                                          --------------------------------------
                                          Name:  James P. Cronin
                                          Title: Executive Vice President
                                                 and Chief Financial Officer

                                       By:
                                          --------------------------------------
                                          Name:  Thomas P. Wozniak
                                          Title: Treasurer

                     TRUSTEE'S CERTIFICATE OF AUTHENTICATION

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

Dated:  October 4, 2005

                                       JPMORGAN CHASE BANK, N.A.,
                                       as Trustee,

                                       By:
                                          --------------------------------------
                                                   Authorized Signatory

<PAGE>

                            [Reverse of Global Note]

             Form of 6.00% Note due October 1, 2015 (the "Security")

1.   Interest

         Cytec Industries Inc., a Delaware corporation (such corporation, and
its successors and assigns under the Indenture hereinafter referred to, being
herein called the "Company"), promises to pay interest on the principal amount
of this Security at the rate per annum shown above. The Company will pay
interest semiannually on April 1 and October 1 of each year, commencing April 1,
2006. Interest on the Securities will accrue from the most recent date to which
interest has been paid or, if no interest has been paid, from October 4, 2005.
Interest will be computed on the basis of a 360-day year of twelve 30-day
months.

2.   Method of Payment

         The Company will pay interest on the Securities (except defaulted
interest) to the Persons who are registered holders of Securities at the close
of business on the record date (whether or not a business day) immediately
preceding the interest payment date even if Securities are canceled after the
record date and on or before the interest payment date. Holders must surrender
Securities to a Paying Agent to collect principal payments. The Company will pay
principal and interest in money of the United States that at the time of payment
is legal tender for payment of public and private debts. Payments in respect of
the Securities represented by a Global Security (including principal, premium
and interest) may be made by wire transfer of immediately available funds to the
accounts specified by The Depository Trust Company. The Company will make all
payments in respect of a certificated Security (including principal, premium and
interest) by mailing a check to the registered address of each Holder thereof;
provided, however, that payments on a certificated Security will be made by wire
transfer to a U.S. dollar account maintained by the payee with a bank in the
United States if such Holder elects payment by wire transfer by giving written
notice to the Trustee or the Paying Agent to such effect designating such
account no later than 30 days immediately preceding the relevant due date for
payment (or such other date as the Trustee may accept in its discretion).

3.   Paying Agent and Registrar

         Initially, JPMorgan Chase Bank, N.A., a national banking association
("Trustee"), will act as Paying Agent and Registrar. The Company may appoint and
change any Paying Agent, Registrar or co-registrar without notice. The Company
or any of its domestically incorporated Wholly Owned Subsidiaries may act as
Paying Agent, Registrar or co-registrar.

4.   Indenture

         The Company issued the Securities under an Indenture dated as of March
15, 1998, as amended by the First Supplemental Indenture dated as of May 11,
1998 between the Company and the Trustee, as successor of PNC Bank, National
Association (collectively, the "Indenture"). The terms of the Securities include
those stated in the Indenture and those made part of the Indenture by reference
to the Trust Indenture Act of 1939, as amended (15 U.S.C. 77aaa-77bbb) as in
effect on the date of the Indenture (the "Act"). Terms defined in the

<PAGE>

Indenture and not defined herein have the meanings ascribed thereto in the
Indenture. The Securities are subject to all such terms, and Holders are
referred to the Indenture and the Act for a statement of those terms.

         The Securities are senior unsecured obligations of the Company limited
to $250,000,000 aggregate principal amount (subject to Section 2.11 of the
Indenture).

5.   Optional Redemption

         The Securities may be redeemed, in whole or in part, at any time or
from time to time, at the option of the Company, upon not less than 30 and not
more than 60 days' notice mailed to each Holder of the Securities to be redeemed
at the Holder's address appearing in the books of the Registrar, on any date
prior to maturity (the "Redemption Date") at a price equal to the greater of (i)
100% of the principal amount of the Securities being redeemed on the redemption
date or (ii) the sum of the present values of the remaining scheduled payments
of principal and interest thereon (not including any portion of such payments of
interest accrued as of the Redemption Date) discounted to the Redemption Date on
a semi-annual basis (assuming a 360-day year consisting of twelve 30-day
months) at the Treasury Rate (as defined below), as determined by the Reference
Treasury Dealer (as defined below), plus 35 basis points plus, in each case,
accrued interest thereon to the Redemption Date.

         "Treasury Rate" means, with respect to any Redemption Date, the rate
per annum equal to the semi-annual equivalent yield to maturity of the
Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue
(expressed as a percentage of its principal amount) equal to the Comparable
Treasury Price for such Redemption Date.

         "Comparable Treasury Issue" means the United States Treasury security
selected by the Reference Treasury Dealer as having a maturity comparable to the
remaining term of the Securities to be redeemed that would be utilized, at the
time of selection and in accordance with customary financial practice, in
pricing new issues of corporate debt securities of comparable maturity to the
remaining term of the Securities.

         "Comparable Treasury Price" means, with respect to any Redemption Date,
(i) the average of the Reference Treasury Dealer Quotations for such Redemption
Date, after excluding the highest and lowest such Reference Treasury Dealer
Quotations, or (ii) if the Trustee obtains fewer than three such Reference
Treasury Dealer Quotations, the average of all such Quotations, or (iii) if only
one Reference Treasury Dealer Quotation is received, such Quotation.

         "Reference Treasury Dealer" means (i) Citigroup Global Markets, Inc.,
ABN AMRO Incorporated or Wachovia Capital Markets, LLC (or their respective
affiliates which are Primary Treasury Dealers), and their respective successors;
provided, however, that if any of the foregoing shall cease to be a primary U.S.
Government securities dealer in New York City (a "Primary Treasury Dealer"), the
Company shall substitute therefor another Primary Treasury Dealer; and (ii) two
or more other Primary Treasury Dealers selected by the Company.

         "Reference Treasury Dealer Quotations" means, with respect to each
Reference Treasury Dealer and any redemption date, the average, as determined by
the Trustee, of the bid and asked prices for the Comparable Treasury Issue
(expressed in each case as a percentage of its

<PAGE>

principal amount) quoted in writing to the Trustee by such Reference Treasury
Dealer at 5:00 p.m. (New York City time) on the third Business Day preceding
such Redemption Date.

         In the case of any partial redemption, selection of the Securities for
redemption will be made by DTC, in the case of Securities represented by a
Global Security, or by the Trustee by lot or by such other method as the Trustee
in its sole discretion shall deem to be fair and appropriate, although no
Security of $1,000 in original principal amount or less shall be redeemed in
part. If any Security is to be redeemed in part only, the notice of redemption
relating to such Security shall state the portion of the principal amount
thereof to be redeemed. A new Security in principal amount equal to the
unredeemed portion thereof will be issued in the name of the Holder thereof upon
cancellation of the original Security.

6.   Notice of Redemption

         Notice of redemption will be mailed at least 30 days but not more than
60 days before the Redemption Date to each Holder of the Securities to be
redeemed at his registered address. Once notice of redemption is mailed, the
Securities called for redemption will become due and payable on the Redemption
Date and at the applicable redemption price, plus accrued and unpaid interest to
the Redemption Date.

7.   Denominations; Transfer; Exchange

         The Securities are in registered form without coupons in denominations
of $1,000 and whole multiples of $1,000. A Holder may transfer or exchange
Securities in accordance with the Indenture. The Registrar may require a Holder,
among other things, to furnish appropriate endorsements or transfer documents
and to pay any taxes and fees required by law or permitted by the Indenture. The
Registrar need not register the transfer of or exchange of any Securities
selected for redemption (except, in the case of a Security to be redeemed in
part, the portion of the Security not to be redeemed) or any Securities for a
period of 15 days before a selection of Securities to be redeemed.

8.   Persons Deemed Owners

         The registered Holder of this Security may be treated as the owner of
it for all purposes.

9.   Unclaimed Money

         If money for the payment of principal or interest remains unclaimed for
two years, the Trustee or Paying Agent shall pay the money back to the Company
at its request unless an abandoned property law designates another Person. After
any such payment, Holders entitled to the money must look only to the Company
and not to the Trustee for payment.

10.  Discharge and Defeasance

         Subject to certain conditions, the Company at any time may terminate
some or all of its obligations under the Securities and the Indenture if the
Company irrevocably deposits with

<PAGE>

the Trustee money or U.S. Government Obligations for the payment of principal
and interest on the Securities to redemption or maturity, as the case may be.

11.  Amendment, Waiver

         Subject to certain exceptions set forth in the Indenture, (i) the
Indenture or the Securities may be amended with the written consent of the
Holders of at least a majority in principal amount outstanding of the Securities
and (ii) any default or noncompliance with any provision may be waived with the
written consent of the Holders of a majority in principal amount outstanding of
the Securities. Subject to certain exceptions set forth in the Indenture,
without the consent of any Holder, the Company and the Trustee may amend the
Indenture or the Securities to cure any ambiguity, omission, defect or
inconsistency, or to comply with Article 5 of the Indenture, or to provide for
uncertificated Securities in addition to or in place of certificated Securities,
or to add guarantees with respect to the Securities or to secure the Securities,
or to add additional covenants or surrender rights and powers conferred on the
Company, or to comply with any request of the SEC in connection with qualifying
the Indenture under the Act, or to make any change that does not adversely
affect the rights of any Holder, or to evidence and provide for the acceptance
of appointment of a successor Trustee or separate Trustee (or to change any
provisions of the Indenture relating to such appointment).

12.  Defaults and Remedies

         Under the Indenture, Events of Default include a (i) default in the
payment of any interest upon any of the Securities for 30 days or more after
such payment is due; (ii) default in the payment of the principal of and
premium, if any, on any of the Securities when due; (iii) default by the Company
in the performance, or breach, of any of its other covenants in the Indenture
which will not have been remedied by the end of a period of 60 days after
written notice to the Company by the Trustee or to the Company and the Trustee
by the Holders of at least 25% in principal amount of the outstanding
Securities; (iv) failure to pay when due the principal of, or acceleration of,
any indebtedness for money borrowed by the Company or a Subsidiary in excess of
$50.0 million principal amount, if such indebtedness is not discharged, or such
acceleration is not annulled, by the end of a period of 30 days after written
notice to the Company by the Trustee or to the Company and the Trustee by the
Holders of at least 25% in principal amount of the outstanding Securities; and
(v) certain events of bankruptcy, insolvency or reorganization of the Company.

         If an Event of Default occurs and is continuing, the Trustee or the
Holders of at least 25% in principal amount of the Securities may declare all
the Securities to be due and payable immediately. Certain events of bankruptcy
or insolvency are Events of Default which will result in the Securities being
due and payable immediately upon the occurrence of such Events of Default.

         Holders may not enforce the Indenture or the Securities except as
provided in the Indenture. The Trustee may refuse to enforce the Indenture or
the Securities unless it receives reasonable indemnity or security. Subject to
certain limitations, Holders of a majority in principal amount of the Securities
may direct the Trustee in its exercise of any trust or power. The Trustee may
withhold from Holders notice of any continuing Default (except a Default in

<PAGE>

payment of principal or interest) if it determines that withholding notice is in
the interest of the Holders.

13.  Trustee Dealings with the Company

         Subject to certain limitations imposed by the Act, the Trustee under
the Indenture, in its individual or any other capacity, may become the owner or
pledgee of Securities and may otherwise deal with and collect obligations owed
to it by the Company and may otherwise deal with the Company with the same
rights it would have if it were not Trustee.

14.  No Recourse Against Others

         A director, officer, employee or stockholder, as such, of the Company
or the Trustee shall not have any liability for any obligations of the Company
under the Securities or the Indenture or for any claim based on, in respect of
or by reason of such obligations or their creation. By accepting a Security,
each Holder waives and releases all such liability. The waiver and release are
part of the consideration for the issue of the Securities.

15.  Authentication

         This Security shall not be valid until an authorized signatory of the
Trustee (or an authenticating agent) manually signs the certificate of
authentication on the other side of this Security.

16.  Abbreviations

         Customary abbreviations may be used in the name of a Holder or an
assignee, such as TEN COM (= tenants in common), TEN ENT (= tenants by the
entireties), JT TEN (= joint tenants with rights of survivorship and not as
tenants in common), CUST (= custodian), and U/G/M/A (= Uniform Gift to Minors
Act).

17.  Governing Law

         THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE
PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF
ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

18.  CUSIP Numbers

         Pursuant to a recommendation promulgated by the Committee on Uniform
Security Identification Procedures, the Company has caused CUSIP numbers to be
printed on the Securities and has directed the Trustee to use CUSIP numbers in
notices of redemption as a convenience to Holders. No representation is made as
to the accuracy of such numbers either as printed on the Securities or as
contained in any notice of redemption and reliance may be placed only on the
other identification numbers placed thereon.

<PAGE>

                                 ASSIGNMENT FORM

To assign this Security, fill in the form below:

I or we assign and transfer this Security to

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

              -----------------------------------------------------
                  (Insert assignee's soc. sec. or tax I.D. No.)

and irrevocably appoint                     agent to transfer this Security on
                        -------------------

the books of the Company.  The agent may substitute another to act for him.

Date:                   Your Signature:
     -----------------                 -----------------------------------------

Sign exactly as your name appears on the other side of this Security.

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