Document:

EXHIBIT
4(ii)

THE STANLEY WORKS

OFFICER'S
CERTIFICATE

Craig Douglas, the Vice President and Treasurer of
The Stanley Works, a Connecticut corporation (the
"Company"), pursuant to the authority granted
in the Board Resolutions of the Company adopted on October 16, 2002,
and Sections 1.2, 2.1, 3.1, and 3.3 of the Indenture defined herein,
each do hereby certify to JPMorgan Chase Bank, as Trustee (the
"Trustee"), under the Indenture (the
"Indenture"), dated as of November 1, 2002,
between the Company and the Trustee
that:

	 	1.	All capitalized
terms used in this certificate which are not defined herein shall have
the meanings set forth in the Indenture.

	 	2.	The
Securities of the first series to be issued under the Indenture shall
be designated "31⁄2% Series A
Senior Notes due 2007" (the "2007
Notes"). The Securities of the second series to be issued
under the Indenture shall be designated
"4 9/10% Series A Senior Notes due
2012" (the "2012 Notes"; and,
together with the 2007 Notes, the "Initial
Notes"). The Securities of the third series to be issued
under the Indenture shall be designated
"31⁄2% Series B Senior Notes due
2007" the ("2007 Exchange
Notes"). The Securities of the fourth series to be issued
under the Indenture shall be designated
"4 9/10% Series B Senior Notes due
2012" (the "2012 Exchange
Notes"; and, together with the 2007 Exchange Notes, the
"Exchange Notes"). The Initial Notes and the
Exchange Notes are collectively referred to herein as the
"Notes."

	 	3.	The 2007 Notes
and the 2007 Exchange Notes shall mature and the principal thereof
shall be due and payable together with all accrued and unpaid interest
thereon on November 1, 2007. The 2012 Notes and the 2012 Exchange Notes
shall mature and the principal thereof shall be due and payable
together with all accrued and unpaid interest thereon on November 1,
2012.

	 	4.	The 2007 Notes and the 2007 Exchange Notes
shall bear interest as provided in the form thereof set forth in
Exhibit A hereto. The 2012 Notes and the 2012 Exchange Notes shall bear
interest as provided in the form thereof set forth in Exhibit B hereto.
For the purposes of Section 3.10 of the Indenture, a period from and
including the 1st of one month to but not including the 1st of the next
month will be considered a full month with respect to each series of
Notes.

	 	5.	The interest and principal of each series of
Notes shall be payable in United States
dollars.

	 	6.	The aggregate principal amount of 2007
Notes and 2012 Notes which may be authenticated and delivered under the
Indenture is initially limited to $150,000,000 and $200,000,000,
respectively, except for Notes of each series authenticated and
delivered upon registration of, transfer of, or in exchange for, or in
lieu of, other Notes of the same series pursuant to Sections 3.4, 3.5,
3.6, 9.5 or 11.7 of the Indenture or upon surrender in part of any Note
of such series for exchange for other Notes pursuant to its terms, or
pursuant to or as contemplated by the terms of such Notes; provided
that pursuant to Section 3.1 of the Indenture and consistent with the
terms of the Indenture and the Notes, each series of Notes may be
reopened and additional Notes of such series may be issued and
additional terms relating to each series of Notes may be established.
The Notes of each series are to be authenticated and delivered as
follows. There shall initially be authenticated and delivered
$150,000,000 aggregate principal amount of 2007 Notes and $200,000,000
aggregate principal amount of 2012 Notes which shall be originally
issued on November  1, 2002 pursuant to the Indenture. The
certificates for the 2007 Notes shall be in substantially the form
attached hereto as Exhibit A and the certificates for the 2012 Notes
shall be in substantially the form attached hereto as Exhibit B. The
certificates for the Initial Notes shall initially bear legends (the
"Securities Act Legends") indicating that
they have not been registered under the Securities Act of 1933, as
amended (the "Securities Act"), and
restricting transfers thereof. There shall be issuable, upon surrender
of and in exchange for Initial Notes pursuant to an exchange offer
applicable to each series of Initial Notes (an "Exchange
Offer") effected by the Company pursuant to the
Registration Rights Agreement dated as of November 1, 2002 (the
"Registration Rights Agreement") between

1

	 		
the Company and Merrill Lynch, Pierce, Fenner
& Smith, Incorporated, Salomon Smith Barney, Inc., BNP Paribas
Securities Corp. and Fleet Securities, Inc., the Exchange Notes which
shall have substantially identical terms to the Initial Notes, except
that the Exchange Notes will not contain terms with respect to transfer
restrictions and will not provide for any increase in the interest rate
on such Exchange Notes for failure of the Company to comply with the
Registration Rights Agreement. Except as described in the immediately
preceding sentence, the certificates for the 2007 Exchange Notes shall
be in substantially the form attached hereto as Exhibit A and the
certificates for the 2012 Exchange Notes shall be in substantially the
form attached hereto as Exhibit B. The Exchange Notes shall be issued
only upon surrender of and in exchange for a like aggregate principal
amount of Initial Notes pursuant to the applicable Exchange Offer. Any
Initial Notes surrendered in exchange for Exchange Notes shall be
cancelled. For all purposes under the Indenture, the 2007 Notes and the
2007 Exchange Notes, when issued, shall be treated as a single class,
and shall vote and consent as a single series, and the 2012 Notes and
the 2012 Exchange Notes, when issued, shall be treated as a single
class, and shall vote and consent as a single
series.

	 	7.	The Exchange Notes shall only be issuable
upon surrender of and in exchange for the Initial Notes pursuant to the
applicable Exchange Offer and without the payment of additional
consideration.

	 	8.	The principal of and premium, if
any, and each installment of interest on the Notes of each series shall
be payable at the office or agency of the Company in The City of New
York provided, however, that payment of interest may be made at the
option of the Company by check mailed to the address of the persons
entitled thereto or by wire transfer to an account designated by the
person entitled thereto; and provided further that so long as the Notes
are registered in the name of The Depository Trust Company
("DTC") or its nominee, as discussed below,
all payments of principal, premium, if any, and interest in respect of
the Notes shall be made in immediately available funds. Notices and
demands to or upon the Company in respect of the Notes of each series
and the Indenture may be served at the office or agency of the Company
in The City of New York. The Corporate Trust Office of the Trustee
initially shall be the agency of the Company for such payment and
service of notices and demands, and the Company hereby appoints
JPMorgan Chase Bank as its agent for all such purposes; provided,
however, that the Company reserves the right to change, by one or more
Officer's Certificates, any such office or agency and such agent.
The registration and registration of transfers and exchanges in respect
of the Notes of each series may be effected at the Corporate Trust
Office of the Trustee in The City of New York. The Trustee initially
shall be the Security Registrar and the Paying Agent for the
Notes.

	 	9.	Notwithstanding any contrary provisions in
the Indenture or the Notes, the provisions of Exhibit C attached hereto
with respect to the form of the Notes and the transfer and exchange of
the Notes shall apply, as applicable, to each series of
Notes.

	 	10.	The 2007 Notes shall be redeemable at the
option of the Company prior to the Stated Maturity of the principal
thereof as provided in the form thereof set forth in Exhibit A hereto.
The 2012 Notes shall be redeemable at the option of the Company prior
to the Stated Maturity of the principal thereof as provided in the form
thereof set forth in Exhibit B hereto.

	 	11.	Initially
the Notes of each series shall be issued in global form
("Global Notes") registered in the name of
Cede & Co. as nominee for DTC, the initial Depositary for such
Notes.

	 	12.	The Notes shall be issued in minimum
denominations of $1,000 and integral multiples
thereof.

	 	13.	Sections 4.2 (including, without
limitation, Sections 4.2(2) and 4.2(3)), 4.3, 10.5 and 10.6 (without
limitation to any of the other covenants contained in Article 10 of the
Indenture) of the Indenture shall apply to the
Notes.

	 	14.	No service charge shall be made for the
registration of transfer or exchange of the Notes; provided, however,
that the Company may require payment of a sum sufficient to cover any
tax or other governmental charge that may be imposed in connection with
the exchange or transfer.

2

	 	15.	The Notes of each series
shall be entitled to the rights and benefits conferred by the
Registration Rights Agreement.

	 	16.	The 2007 Notes
shall have such other terms and provisions as are provided in the form
thereof set forth in Exhibit A hereto, and shall be issued
substantially in such form. The 2012 Notes shall have such other terms
and provisions as are provided in the form thereof set forth in Exhibit
B hereto, and shall be issued substantially in such
form.

	 	17.	The undersigned has read all of the
covenants and conditions contained in the Indenture, and the
definitions in the Indenture relating thereto, relating to the
issuance, authentication and delivery of the Notes and in respect of
compliance with which this certificate is
made.

	 	18.	The statements contained in this certificate
are based upon the familiarity of the undersigned with the Indenture,
the documents accompanying this certificate, and upon discussions by
the undersigned with officers and employees of the Company familiar
with the matters set forth herein.

	 	19.	In the opinion
of the undersigned, he has made such examination or investigation as is
necessary to enable him to express an informed opinion as to whether or
not such covenants and conditions have been complied
with.

	 	20.	In the opinion of the undersigned, such
conditions and covenants have been complied with.

[Signature Page Follows]

3

IN WITNESS WHEREOF, the undersigned has
executed this Officer's Certificate this 1st day of November,
2002.

		/s/
                                                                                

Craig
Douglas
Vice President and Treasurer

4

EXHIBIT
A

[THIS SECURITY HAS NOT BEEN REGISTERED UNDER
THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE
"ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED
OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT
OF, U.S. PERSONS EXCEPT AS SET FORTH BELOW. BY ITS ACQUISITION HEREOF,
THE HOLDER (1) REPRESENTS THAT (A) IT IS A "QUALIFIED
INSTITUTIONAL BUYER" (AS DEFINED IN RULE 144A UNDER THE
ACT) OR (B) IT IS NOT A U.S. PERSON AND IS ACQUIRING THIS SECURITY IN
AN OFFSHORE TRANSACTION, (2) AGREES THAT IT WILL NOT WITHIN TWO YEARS
AFTER THE ORIGINAL ISSUANCE OF THE SECURITY RESELL OR OTHERWISE
TRANSFER THIS SECURITY EXCEPT (A) TO THE ISSUER OR ANY SUBSIDIARY
THEREOF, (B) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
ACT, (C) INSIDE THE UNITED STATES TO A QUALIFIED INSTITUTIONAL BUYER IN
COMPLIANCE WITH RULE 144A UNDER THE ACT, (D) OUTSIDE THE UNITED STATES
IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 UNDER THE ACT,
(E) PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144
UNDER THE ACT (IF AVAILABLE) OR (F) PURSUANT TO ANOTHER AVAILABLE
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE ACT, SUBJECT TO THE
COMPANY'S AND THE TRUSTEE'S RIGHT PRIOR TO ANY SUCH OFFER,
SALE OR TRANSFER (1) PURSUANT TO CLAUSES (E) OR (F) TO REQUIRE THE
DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER
INFORMATION SATISFACTORY TO EACH OF THEM AND (2) IN EACH OF THE
FOREGOING CASES, TO REQUIRE THAT A CERTIFICATE OF TRANSFER IN THE FORM
APPEARING ON THE OTHER SIDE OF THIS SECURITY IS COMPLETED AND DELIVERED
BY THE TRANSFEROR TO THE TRUSTEE. AS USED HEREIN, THE TERMS
"OFFSHORE TRANSACTION," "UNITED
STATES" AND "U.S. PERSON" HAVE
THE MEANING GIVEN TO THEM BY REGULATION S UNDER THE
ACT.]
*

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY 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 TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE TO CEDE
& CO.), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

TRANSFERS
OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS, IN WHOLE BUT NOT
IN PART, TO NOMINEES OF THE DEPOSITORY TRUST COMPANY 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 BOARD RESOLUTIONS SET FORTH IN
AN OFFICER'S CERTIFICATE ESTABLISHING THE TERMS OF THIS
NOTE.]
**

	

	*	Include
only for the 2007
Notes.

	**	Include only for Global
Notes.

A-1

											
	No.
R-		CUSIP
No.		[854616
AG
4]*
	 		 		[U85424 AA
4]**
	 		 		[854616
AH 2]***
	 		ISIN
No.		[US854616AG40]*
	 		 		[USU85424AA42]**
	 		 		[US854616AH23]***
	

[FORM
OF FACE OF SECURITY]

THE STANLEY WORKS

31⁄2% SERIES A SENIOR NOTE DUE 2007

THE STANLEY WORKS, a corporation duly organized and existing under
the laws of the State of Connecticut (herein referred to as the
"Company", which terms includes any successor
Person under the Indenture), for value received, hereby promises to pay
to CEDE & CO., or its registered assigns, the principal sum of
                           
Dollars on November 1, 2007 (the "Stated
Maturity"), and to pay interest on said principal sum
semi-annually in arrears on May 1 and November 1 of each year
commencing May 1, 2003 (each an "Interest Payment
Date") at the rate of 31⁄2% per
annum, until the principal hereof is paid or made available for
payment. Interest on the Securities of this series will accrue from
November 1, 2002 ("the Issue Date"), to the
first Interest Payment Date, and thereafter will accrue from the last
Interest Payment Date to which interest has been paid or duly provided
for. In the event that any Interest Payment Date, the date of Stated
Maturity or any Redemption Date (as defined herein) is not a Business
Day, then payment of interest, principal, premium, if any, or
Redemption Price (as defined herein) payable on such date will be made
on the next succeeding day which is a Business Day (and without any
interest or other payment in respect of such delay) with the same force
and effect as if made on the Interest Payment Date, the date of Stated
Maturity or Redemption Date, as the case may be. 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 April 15 or October 15, as
the case may be (the "Regular Record Date"),
immediately preceding the relevant Interest Payment Date, provided,
however, that interest payable at Maturity will be paid to the Person
to whom principal is paid. 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 Company, 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 the Indenture referred to on the reverse
hereof.

The principal of and premium, if any, and each
installment of interest [and any additional interest]**** on
this Security will be made upon presentation at the office or agency of
the Company in The City of New York provided that the payment of
interest may be made at the option of the Company by check mailed to
the address of the persons entitled thereto or by wire transfer to an
account designated by the person entitled thereto; and provided further
that so long as the Securities of this series are registered in the
name of The Depository Trust Company or its nominee all payments of
principal, premium, if any, and interest in respect of this Security
will be made in immediately available funds.

	

	*	Include
only for the 2007 Notes issued pursuant to Rule
144A.

	**	Include only for
the 2007 Notes issued pursuant to Regulation
S.

	***	Include only for the
2007 Exchange
Notes.

	****	Include only
for the 2007 Notes.

A-2

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. Any capitalized term which is used herein and
not otherwise defined shall have the meaning ascribed to such term in
the Indenture.

Unless the certificate of authentication hereon has been executed by
the Trustee referred to below 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 in its name by the Vice
President of the Company.

THE STANLEY
WORKS

By:

	
			
	

Vice
President

A-3

[FORM OF CERTIFICATE OF
AUTHENTICATION]

CERTIFICATE OF AUTHENTICATION

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

Dated:
November 1, 2002

JPMORGAN CHASE BANK, as
Trustee

By:

	
			
	

Authorized
Signatory

A-4

[FORM OF REVERSE OF
SECURITY]

This Security is one of a duly authorized issue
of securities of the Company (herein called the
"Securities"), of the series designated
["31⁄2% Series A Senior Notes
due
2007"]["31⁄2%
Series B Senior Notes due 2007"], all issued and to
be issued under the Indenture, dated as of November 1, 2002 (herein,
together with any amendments thereto, called the
"Indenture", which term shall have the
meaning assigned to it in such instrument), between the Company and
JPMorgan Chase Bank, as Trustee (herein called the
"Trustee", which term includes any successor
trustee under the Indenture), and reference is hereby made to the
Indenture, including the Board Resolutions and Officer's
Certificate filed with the Trustee on November 1, 2002, creating such
series for a statement of the respective rights, limitations of rights,
duties and immunities thereunder of the Company, the Trustee and the
Holders of the Securities and of the terms upon which the Securities
are, and are to be, authenticated and delivered.

Optional
Redemption

The Securities of this series shall be redeemable at
the option of the Company prior to the Stated Maturity, in whole or in
part, at any time. The Company shall give notice of its intent to
redeem such Securities of this series at least 30 days but no more than
60 days prior to the date of redemption (the "Redemption
Date"). If the Company redeems all or any part of this
series pursuant to the provisions of this paragraph, it shall pay a
redemption price (the "Redemption Price")
equal to the greater of (i) 100% of the principal amount of such
Securities and (ii) the sum of the present values of the remaining
scheduled payments of principal and interest thereon (exclusive of
interest accrued to 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 plus 15 basis points (the
"Make-Whole Amount"), plus, in each case,
accrued interest thereon to the Redemption Date.

Unless the
Company defaults in payment of the Redemption Price, on and after the
Redemption Date interest will cease to accrue on the notes or portion
thereof called for redemption.

"Treasury
Rate" means, with respect to any Redemption Date, the rate
per annum equal to the semi-annual equivalent yield to maturity or
interpolated (on a day count basis) 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
or securities selected by an Independent Investment Banker as having an
actual or interpolated maturity comparable to the remaining term of the
notes 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 a comparable maturity to the
remaining term of such notes.

"Independent
Investment Banker" means one of the Reference Treasury
Dealers appointed by the Company.

"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 Quotation or (ii) if the Company obtains
fewer than four such Reference Treasury Dealer Quotations, the average
of all such quotations.

"Reference Treasury
Dealer" means each of Merrill Lynch, Pierce, Fenner &
Smith Incorporated and Salomon Smith Barney Inc. or their affiliates
which are primary United States government securities dealers, and
their respective successors, and three other firms which are primary
United States government securities dealers that the Company selects;
provided, however, that if any of the foregoing shall cease to be a
primary United States government securities dealer in The City of New
York (a "Primary Treasury Dealer"), the
Company shall substitute therefor another Primary Treasury Dealer.

"Reference Treasury Dealer Quotation"
means, with respect to each Reference Treasury Dealer and any
Redemption Date, the average, as determined by the Company, of the bid
and asked prices for the Comparable Treasury Issue (expressed in each
case as a percentage of its principal amount) quoted in writing to the
Company by such Reference Treasury Dealer at 3:30 p.m. New York time on
the third business day preceding such Redemption Date.

A-5

[Additional Interest

The
Holder of this Security is entitled to the benefits of the Registration
Rights Agreement, dated November 1, 2002, among the Company and the
Purchasers named therein (the "Registration Rights
Agreement"). In the event that either (a) the Exchange
Offer Registration Statement (as such term is defined in the
Registration Rights Agreement) is not filed with the SEC (as such term
is defined in the Registration Rights Agreement) on or prior to the
180th day following the Issue Date, (b) the Exchange Offer
Registration Statement is not declared effective on or prior to the
270th day following the Issue Date or (c) the Exchange Offer
(as such term is defined in the Registration Rights Agreement) is not
consummated or a Shelf Registration Statement (as such term is defined
in the Registration Rights Agreement) with respect to the Securities is
not declared effective on or prior to the 300th day
following the Issue Date, the interest rate borne by the Securities
shall be increased by 0.25% per annum with respect to the first
90-day period (or portion thereof) following such 180th day
in the case of clause (a) above, such 270th day in the case
of clause (b) above and such 300th day in the case of clause
(c) above. The additional interest payable as described in the
immediately preceding sentence will increase by an additional
0.25% per year for each subsequent 90-day period (or portion
thereof), up to a maximum amount of 0.50% per year. Upon (i) the
filing of the Exchange Offer Registration Statement after the
180th day described in clause (a) above, (ii)  the
effectiveness of the Exchange Offer Registration Statement after the
270th day described in clause (b) above or (iii) the
consummation of the Exchange Offer or the effectiveness of the Shelf
Registration Statement, after the 300th day period described
in clause (c) above, the interest rate on the Securities from the date
of such filing, effectiveness or consummation, as the case may be, will
be reduced to the original interest rate set forth on the face of this
Security.]*

General Provisions

The Indenture contains provisions
for defeasance of the entire Indebtedness of this Security upon
compliance with certain conditions set forth in the Indenture.

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 by
supplemental indenture and the modification of the rights and
obligations of the Company and the rights of the Holders of the
Securities of each series to be affected under the Indenture by the
Company (when authorized by or pursuant to a Company's Board
Resolution) 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 contains provisions
permitting the Holders of a majority in aggregate principal amount of
the Securities of all series then Outstanding to waive compliance by
the Company with certain provisions of the Indenture. The Indenture
also contains provisions permitting the Holders of a majority 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 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 on 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
aggregate principal amount of the Securities of such series at the time
Outstanding in respect of which an Event of Default shall have occurred
and be continuing, shall have made written request to the Trustee to
institute proceedings in respect of such Event of Default in its own
name as Trustee and offered the Trustee indemnity reasonably
satisfactory to the Trustee, the Trustee for 

	

	*	Include
only for the 2007 Notes.

A-6

60 days after receipt of such notice, request
and offer of indemnity shall have failed to institute any such
proceeding, and no direction inconsistent with such written request
shall have been given to the Trustee during such 60-day period by the
Holders of a majority in aggregate principal amount of the Securities
of such series at the time Outstanding in respect of which an Event of
Default shall have occurred and be continuing. The foregoing shall not
apply to any suit instituted by the Holder of this Security for the
enforcement of any payment of principal hereof, any premium, or
interest [or additional
interest]
* hereon and any Additional Amounts on or after the respective due dates
expressed herein.

No reference herein to the Indenture and no
provision of this Security or of the Indenture shall alter or impair
the obligation of the Company, which is absolute and unconditional, to
pay the principal of and any premium and interest on this Security at
the times, place and rate, and in the coin or currency, herein
prescribed.

The Securities of this series are issuable only in
registered form without coupons in denominations of $1,000 and in
integral multiples 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 and of like tenor and of authorized
denominations, 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.

The Company, the Trustee and any agent of the Company
or the Trustee may treat the Person in whose name this Security is
registered as the absolute owner hereof for all purposes, whether or
not this Security be overdue, and neither the Company, the Trustee nor
any such agent shall be affected by notice to the contrary.

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

All terms used in this Security which
are defined in the Indenture shall have the meanings assigned to them
in the Indenture and in the Officer's Certificate establishing
the terms of the Securities of this series.

	

	*	Include
only for the 2007 Notes.

A-7

[FORM OF TRANSFER NOTICE]*

FOR VALUE RECEIVED the
undersigned registered holder hereby sell(s), assign(s) and transfer(s)
unto

Insert Taxpayer Identification No.

(Please print or typewrite name and address including zip code of
assignee)

the within Security and all rights thereunder,
hereby irrevocably constituting and appointing attorney to transfer
such Security on the books of the Company with full power of
substitution in the premises.

[THE FOLLOWING PROVISION
TO BE INCLUDED ON ALL CERTIFICATES]

In connection with
any transfer of this Security occurring prior to the date which is the
earlier of the date of an effective Registration Statement or November
1, 2004 the undersigned confirms that without utilizing any general
solicitation or general advertising that:

[Check
One]

	[    ]
(a)	this Security is being transferred in compliance
with the exemption from registration under the Securities Act of 1933,
as amended, provided by Rule  144A or Regulation S
thereunder.

or

	[    ] (b)	this
Security is being transferred other than in accordance with (a) above
and documents are being furnished which comply with the conditions of
transfer set forth in this Security and the Indenture.

If
none of the foregoing boxes is checked, the Trustee or other Registrar
shall not be obligated to register this Security in the name of any
Person other than the Holder hereof unless and until the conditions to
any such transfer of registration set forth herein, in Section
3.5 of the Indenture and as set forth in the Officer's
Certificate establishing this series of Securities shall have been
satisfied.

Date:

	
			
	

		NOTICE:
The signature to this assignment must correspond with the name as
written upon the face of the within-mentioned instrument in every
particular, without alteration or any change whatsoever.

Signature
Guarantee:

	
			
	

	

	*	Include
only for the 2007 Notes.

A-8

TO BE COMPLETED BY PURCHASER IF (a)
ABOVE IS CHECKED.

The undersigned represents and warrants that
it is purchasing this Security for its own account or an account with
respect to which it exercises sole investment discretion and that it
and any such account is either (i) a "qualified
institutional buyer" within the meaning of Rule
144A under the Securities Act of 1933, as amended (the
"Securities Act") or (ii) not a
"U.S. Person" within the meaning of
Regulation S under the Securities Act and is acquiring this Security in
an "Offshore Transaction" within the meaning
of Regulation S under the Securities Act, and is aware that the sale to
it is being made in reliance on Rule  144A or Regulation S, as
the case may be, and acknowledges that it has received in connection
with transfer pursuant to Rule 144A such information regarding the
Company as the undersigned has requested pursuant to Rule  144A
or has determined not to request such information and that it is aware
that the transferor is relying upon the undersigned's foregoing
representations in order to claim the exemption from registration
provided by Rule  144A or Regulation S.

Date:

	
			
	

		NOTICE:
To be executed by an

  executive officer

Signature:

	
			
	

A-9

EXHIBIT
B

[THIS SECURITY HAS NOT BEEN REGISTERED UNDER
THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE
"ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED
OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT
OF, U.S. PERSONS EXCEPT AS SET FORTH BELOW. BY ITS ACQUISITION HEREOF,
THE HOLDER (1) REPRESENTS THAT (A) IT IS A "QUALIFIED
INSTITUTIONAL BUYER" (AS DEFINED IN RULE 144A UNDER THE
ACT) OR (B) IT IS NOT A U.S. PERSON AND IS ACQUIRING THIS SECURITY IN
AN OFFSHORE TRANSACTION, (2) AGREES THAT IT WILL NOT WITHIN TWO YEARS
AFTER THE ORIGINAL ISSUANCE OF THE SECURITY RESELL OR OTHERWISE
TRANSFER THIS SECURITY EXCEPT (A) TO THE ISSUER OR ANY SUBSIDIARY
THEREOF, (B) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
ACT, (C) INSIDE THE UNITED STATES TO A QUALIFIED INSTITUTIONAL BUYER IN
COMPLIANCE WITH RULE 144A UNDER THE ACT, (D) OUTSIDE THE UNITED STATES
IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 UNDER THE ACT,
(E) PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144
UNDER THE ACT (IF AVAILABLE) OR (F) PURSUANT TO ANOTHER AVAILABLE
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE ACT, SUBJECT TO THE
COMPANY'S AND THE TRUSTEE'S RIGHT PRIOR TO ANY SUCH OFFER,
SALE OR TRANSFER (1) PURSUANT TO CLAUSES (E) OR (F) TO REQUIRE THE
DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER
INFORMATION SATISFACTORY TO EACH OF THEM AND (2) IN EACH OF THE
FOREGOING CASES, TO REQUIRE THAT A CERTIFICATE OF TRANSFER IN THE FORM
APPEARING ON THE OTHER SIDE OF THIS SECURITY IS COMPLETED AND DELIVERED
BY THE TRANSFEROR TO THE TRUSTEE. AS USED HEREIN, THE TERMS
"OFFSHORE TRANSACTION," "UNITED
STATES" AND "U.S. PERSON" HAVE
THE MEANING GIVEN TO THEM BY REGULATION S UNDER THE
ACT.]*

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY 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 TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE TO CEDE
& CO.), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

TRANSFERS
OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS, IN WHOLE BUT NOT
IN PART, TO NOMINEES OF THE DEPOSITORY TRUST COMPANY 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 BOARD RESOLUTIONS SET FORTH IN
AN OFFICER'S CERTIFICATE ESTABLISHING THE TERMS OF THIS
NOTE.]**

	

	*	Include
only for the 2012 Notes.

	**	Include
only for Global Notes.

B-1

											
	No.
R-		CUSIP
No.		[854616
AJ
8]*
	 		 		[U85424 AB
2]**
	 		 		[854616 AK
5]***
	 		ISIN
No.		[US854616AJ88]*
	 		 		[USU85424AB25]**
	 		 		[US854616AK51]***
	

[FORM
OF FACE OF SECURITY]

THE STANLEY WORKS

4 9/10% SERIES A SENIOR NOTE DUE 2012

THE STANLEY WORKS, a corporation duly organized and existing under
the laws of the State of Connecticut (herein referred to as the
"Company", which terms includes any successor
Person under the Indenture), for value received, hereby promises to pay
to CEDE & CO., or its registered assigns, the principal sum of
         Dollars on November 1, 2012 (the
"Stated Maturity"), and to pay interest on
said principal sum semi-annually in arrears on May 1 and November 1 of
each year commencing May 1, 2003 (each an "Interest
Payment Date") at the rate of
4 9/10% per annum, until the principal hereof is
paid or made available for payment. Interest on the Securities of this
series will accrue from November 1, 2002 ("the Issue
Date"), to the first Interest Payment Date, and thereafter
will accrue from the last Interest Payment Date to which interest has
been paid or duly provided for. In the event that any Interest Payment
Date, the date of Stated Maturity or any Redemption Date (as defined
herein) is not a Business Day, then payment of interest, principal,
premium, if any, or Redemption Price (as defined herein) payable on
such date will be made on the next succeeding day which is a Business
Day (and without any interest or other payment in respect of such
delay) with the same force and effect as if made on the Interest
Payment Date, the date of Stated Maturity or Redemption Date, as the
case may be. 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 April 15 or October 15, as the case may be (the
"Regular Record Date"), immediately preceding
the relevant Interest Payment Date, provided, however, that interest
payable at Maturity will be paid to the Person to whom principal is
paid. 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 Company, 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 the Indenture referred to on the reverse hereof.

The
principal of and premium, if any, and each installment of interest
[and any additional
interest]****
on this Security will be made upon presentation at the office or agency
of the Company in The City of New York provided that the payment of
interest may be made at the option of the Company by check mailed to
the address of the persons entitled thereto or by wire transfer to an
account designated by the person entitled thereto; and provided further
that so long as the Securities of this series are registered in the
name of The Depository Trust Company or its nominee all payments of
principal, premium, if any, and interest in respect of this Security
will be made in immediately available funds.

	

	*	Include
only for the 2012 Notes issued pursuant to Rule
144A.

	**	Include
only for the 2012 Notes issued pursuant to Regulation
S.

	***	Include
only for the 2012 Exchange Notes.

	****	Include
only for the 2012 Notes.

B-2

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. Any capitalized term which is used herein and
not otherwise defined shall have the meaning ascribed to such term in
the Indenture.

Unless the certificate of authentication hereon
has been executed by the Trustee referred to below 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 in its name
by the Vice President of the Company.

THE STANLEY
WORKS

By:

	
			
	

Vice
President

B-3

[FORM OF CERTIFICATE OF
AUTHENTICATION]

CERTIFICATE OF AUTHENTICATION

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

Dated:
November 1, 2002

JPMORGAN CHASE BANK, as
Trustee

By:

	
			
	

Authorized
Signatory

B-4

[FORM OF REVERSE OF
SECURITY]

This Security is one of a duly authorized issue
of securities of the Company (herein called the
"Securities"), of the series designated
["4 9/10% Series A Senior
Notes due
2012"]["4 9/10%
Series B Senior Notes due 2012"], all issued and to
be issued under the Indenture, dated as of November 1, 2002 (herein,
together with any amendments thereto, called the
"Indenture", which term shall have the
meaning assigned to it in such instrument), between the Company and
JPMorgan Chase Bank, as Trustee (herein called the
"Trustee", which term includes any successor
trustee under the Indenture), and reference is hereby made to the
Indenture, including the Board Resolutions and Officer's
Certificate filed with the Trustee on November 1, 2002, creating such
series for a statement of the respective rights, limitations of rights,
duties and immunities thereunder of the Company, the Trustee and the
Holders of the Securities and of the terms upon which the Securities
are, and are to be, authenticated and delivered.

Optional
Redemption

The Securities of this series shall be redeemable at
the option of the Company prior to the Stated Maturity, in whole or in
part, at any time. The Company shall give notice of its intent to
redeem such Securities of this series at least 30 days but no more than
60 days prior to the date of redemption (the "Redemption
Date"). If the Company redeems all or any part of this
series pursuant to the provisions of this paragraph, it shall pay a
redemption price (the "Redemption Price")
equal to the greater of (i) 100% of the principal amount of such
Securities and (ii) the sum of the present values of the remaining
scheduled payments of principal and interest thereon (exclusive of
interest accrued to 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 plus 20 basis points (the
"Make-Whole Amount"), plus, in each case,
accrued interest thereon to the Redemption Date.

Unless the
Company defaults in payment of the Redemption Price, on and after the
Redemption Date interest will cease to accrue on the notes or portion
thereof called for redemption.

"Treasury
Rate" means, with respect to any Redemption Date, the rate
per annum equal to the semi-annual equivalent yield to maturity or
interpolated (on a day count basis) 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
or securities selected by an Independent Investment Banker as having an
actual or interpolated maturity comparable to the remaining term of the
notes 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 a comparable maturity to the
remaining term of such notes.

"Independent
Investment Banker" means one of the Reference Treasury
Dealers appointed by the Company.

"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 Quotation or (ii) if the Company obtains
fewer than four such Reference Treasury Dealer Quotations, the average
of all such quotations.

"Reference Treasury
Dealer" means each of Merrill Lynch, Pierce, Fenner &
Smith Incorporated and Salomon Smith Barney Inc. or their affiliates
which are primary United States government securities dealers, and
their respective successors, and three other firms which are primary
United States government securities dealers that the Company selects;
provided, however, that if any of the foregoing shall cease to be a
primary United States government securities dealer in The City of New
York (a "Primary Treasury Dealer"), the
Company shall substitute therefor another Primary Treasury Dealer.

"Reference Treasury Dealer Quotation"
means, with respect to each Reference Treasury Dealer and any
Redemption Date, the average, as determined by the Company, of the bid
and asked prices for the Comparable Treasury Issue (expressed in each
case as a percentage of its principal amount) quoted in writing to the
Company by such Reference Treasury Dealer at 3:30 p.m. New York time on
the third business day preceding such Redemption Date.

B-5

[Additional Interest

The
Holder of this Security is entitled to the benefits of the Registration
Rights Agreement, dated November 1, 2002, among the Company and the
Purchasers named therein (the "Registration Rights
Agreement"). In the event that either (a) the Exchange
Offer Registration Statement (as such term is defined in the
Registration Rights Agreement) is not filed with the SEC (as such term
is defined in the Registration Rights Agreement) on or prior to the
180th day following the Issue Date, (b) the Exchange Offer
Registration Statement is not declared effective on or prior to the
270th day following the Issue Date or (c) the Exchange Offer
(as such term is defined in the Registration Rights Agreement) is not
consummated or a Shelf Registration Statement (as such term is defined
in the Registration Rights Agreement) with respect to the Securities is
not declared effective on or prior to the 300th day
following the Issue Date, the interest rate borne by the Securities
shall be increased by 0.25% per annum with respect to the first
90-day period (or portion thereof) following such 180th day
in the case of clause (a) above, such 270th day in the case
of clause (b) above and such 300th day in the case of clause
(c) above. The additional interest payable as described in the
immediately preceding sentence will increase by an additional
0.25% per year for each subsequent 90-day period (or portion
thereof), up to a maximum amount of 0.50% per year. Upon (i) the
filing of the Exchange Offer Registration Statement after the
180th day described in clause (a) above, (ii)  the
effectiveness of the Exchange Offer Registration Statement after the
270th day described in clause (b) above or (iii) the
consummation of the Exchange Offer or the effectiveness of the Shelf
Registration Statement, after the 300th day period described
in clause (c) above, the interest rate on the Securities from the date
of such filing, effectiveness or consummation, as the case may be, will
be reduced to the original interest rate set forth on the face of this
Security.]*

General Provisions

The Indenture contains provisions
for defeasance of the entire Indebtedness of this Security upon
compliance with certain conditions set forth in the Indenture.

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 by
supplemental indenture and the modification of the rights and
obligations of the Company and the rights of the Holders of the
Securities of each series to be affected under the Indenture by the
Company (when authorized by or pursuant to a Company's Board
Resolution) 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 contains provisions
permitting the Holders of a majority in aggregate principal amount of
the Securities of all series then Outstanding to waive compliance by
the Company with certain provisions of the Indenture. The Indenture
also contains provisions permitting the Holders of a majority 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 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 on 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
aggregate principal amount of the Securities of such series at the time
Outstanding in respect of which an Event of Default shall have occurred
and be continuing, shall have made written request to the Trustee to
institute proceedings in respect of such Event of Default in its own
name as Trustee and offered the Trustee indemnity reasonably
satisfactory to the Trustee, the Trustee for 

	

	*	Include
only for the 2012 Notes.

B-6

60 days after receipt of such notice, request
and offer of indemnity shall have failed to institute any such
proceeding, and no direction inconsistent with such written request
shall have been given to the Trustee during such 60-day period by the
Holders of a majority in aggregate principal amount of the Securities
of such series at the time Outstanding in respect of which an Event of
Default shall have occurred and be continuing. The foregoing shall not
apply to any suit instituted by the Holder of this Security for the
enforcement of any payment of principal hereof, any premium, or
interest [or additional
interest]
* hereon and any Additional Amounts on or after the respective due dates
expressed herein.

No reference herein to the Indenture and no
provision of this Security or of the Indenture shall alter or impair
the obligation of the Company, which is absolute and unconditional, to
pay the principal of and any premium and interest on this Security at
the times, place and rate, and in the coin or currency, herein
prescribed.

The Securities of this series are issuable only in
registered form without coupons in denominations of $1,000 and in
integral multiples 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 and of like tenor and of authorized
denominations, 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.

The Company, the Trustee and any agent of the Company
or the Trustee may treat the Person in whose name this Security is
registered as the absolute owner hereof for all purposes, whether or
not this Security be overdue, and neither the Company, the Trustee nor
any such agent shall be affected by notice to the contrary.

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

All terms used in this Security which
are defined in the Indenture shall have the meanings assigned to them
in the Indenture and in the Officer's Certificate establishing
the terms of the Securities of this series.

	

	*	Include
only for the 2012 Notes.

B-7

[FORM OF TRANSFER
NOTICE]*

FOR VALUE RECEIVED the undersigned registered holder hereby
sell(s), assign(s) and transfer(s) unto

Insert
Taxpayer Identification No.

(Please print or
typewrite name and address including zip code of assignee)

the within Security and all rights thereunder, hereby
irrevocably constituting and appointing attorney to transfer such
Security on the books of the Company with full power of substitution in
the premises.

[THE FOLLOWING PROVISION TO BE INCLUDED
ON ALL CERTIFICATES]

In connection with any
transfer of this Security occurring prior to the date which is the
earlier of the date of an effective Registration Statement or November
1, 2004 the undersigned confirms that without utilizing any general
solicitation or general advertising that:

[Check
One]

	[         ](a)	this
Security is being transferred in compliance with the exemption from
registration under the Securities Act of 1933, as amended, provided by
Rule  144A or Regulation S
thereunder.

or

	[         ](b)	this
Security is being transferred other than in accordance with (a) above
and documents are being furnished which comply with the conditions of
transfer set forth in this Security and the Indenture.

If
none of the foregoing boxes is checked, the Trustee or other Registrar
shall not be obligated to register this Security in the name of any
Person other than the Holder hereof unless and until the conditions to
any such transfer of registration set forth herein, in Section
3.5 of the Indenture and as set forth in the Officer's
Certificate establishing this series of Securities shall have been
satisfied.

Date:

	
			
	

		NOTICE:
The signature to this assignment must correspond with the name as
written upon the face of the within-mentioned instrument in every
particular, without alteration or any change whatsoever.

Signature Guarantee:

	
			
	

	

	*	Include
only for the 2012 Notes.

B-8

TO BE COMPLETED BY PURCHASER IF (a)
ABOVE IS CHECKED.

The undersigned represents and warrants that
it is purchasing this Security for its own account or an account with
respect to which it exercises sole investment discretion and that it
and any such account is either (i) a "qualified
institutional buyer" within the meaning of Rule
144A under the Securities Act of 1933, as amended (the
"Securities Act") or (ii) not a
"U.S. Person" within the meaning of
Regulation S under the Securities Act and is acquiring this Security in
an "Offshore Transaction" within the meaning
of Regulation S under the Securities Act, and is aware that the sale to
it is being made in reliance on Rule  144A or Regulation S, as
the case may be, and acknowledges that it has received in connection
with transfer pursuant to Rule 144A such information regarding the
Company as the undersigned has requested pursuant to Rule  144A
or has determined not to request such information and that it is aware
that the transferor is relying upon the undersigned's foregoing
representations in order to claim the exemption from registration
provided by Rule  144A or Regulation S.

Dated:

	
			
	

		NOTICE:        To
be executed by an executive officer

Signature:

	
			
	

B-9

EXHIBIT
C

All capitalized terms used and not defined in this
Exhibit C shall have the meaning ascribed to such term in the
Note Officer's Certificate.

Section
1.01.    Forms and Denominations.    The Notes shall be
Registered Securities.

(a)    Global Notes.    (i)
Notes offered and sold in reliance on Rule  144A as provided in
the Purchase Agreement shall be issued initially in the form of one or
more US Global Notes in definitive fully registered form without
interest coupons, deposited on behalf of the subscribers for the Notes
represented thereby with JPMorgan Chase Bank, at its Corporate Trust
Office, as custodian for the Depositary, and registered in the name of
DTC or a nominee thereof, duly executed by the Company and
authenticated by the Trustee as provided in the Indenture. The
aggregate principal amount of the US Global Notes may from time to time
be increased or decreased by adjustments made on the records of the
Trustee and the Depositary as hereinafter provided.

Notes
offered and sold in offshore transactions in reliance on
Regulation  S as provided in the Purchase Agreement shall be
issued initially in the form of one or more Regulation  S Global
Notes in definitive fully registered form without interest coupons,
deposited on behalf of the subscribers for the Notes represented
thereby with JPMorgan Chase Bank, at its Corporate Trust Office, as
custodian for the Depositary, and registered in the name of DTC or a
nominee thereof, duly executed by the Company and authenticated by the
Trustee as provided in the Indenture. The aggregate principal amount of
the Regulation  S Global Notes may from time to time be increased
or decreased by adjustments made on the records of the Trustee and the
Depositary as hereinafter provided.

Each Global Note shall
represent such of the Outstanding Notes as shall be specified therein
and each shall provide that it shall represent the aggregate principal
amount of Outstanding Notes from time to time endorsed thereon and that
the aggregate principal amount of Outstanding Notes represented thereby
may from time to time be reduced or increased, as appropriate, to
reflect exchanges and redemptions.

Any adjustment of the
aggregate principal amount of a Global Note to reflect the amount of
any increase or decrease in the principal amount of Outstanding Notes
represented thereby shall be made by the Trustee in accordance with
instructions given by the Holder thereof as required by Section
1.02 hereof and shall be made on the records of the Trustee and the
Depositary.

(b)    Book-Entry Provisions.    This
Section  1.01(b) shall apply only to Global Notes.

The
Company shall execute and the Trustee shall, in accordance with this
Section  1.01(b) and Section  2.2 of the Indenture,
authenticate and deliver initially one or more Global Notes that
(a)  shall be registered in the name of the Depositary or its
nominee, (b)  shall be delivered by the Trustee to the Depositary
or pursuant to the Depositary's instructions and (c)  shall
bear legends substantially to the following effect:

"UNLESS THIS CERTIFICATE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY 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 TO SUCH OTHER ENTITY AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY
PAYMENT HEREON IS MADE TO CEDE & CO.), ANY TRANSFER, PLEDGE OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.

TRANSFERS OF THIS GLOBAL SECURITY
SHALL BE LIMITED TO TRANSFERS, IN WHOLE BUT NOT IN PART, TO NOMINEES OF
THE DEPOSITORY TRUST COMPANY 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 

C-1

WITH THE RESTRICTIONS SET FORTH IN THE BOARD
RESOLUTION ESTABLISHING THE TERMS OF THIS NOTE."

(c)    Certificated Notes.    Except as otherwise set
forth in the Indenture, owners of beneficial interests in Global Notes
will not be entitled to receive physical delivery of Certificated
Notes. All Certificated Notes shall be issuable in denominations of
$1,000 principal amount and any integral multiple of $1,000 in excess
thereof.

(d)    Restrictive Legends.    Unless and
until (i) an Initial Note is sold under an effective Registration
Statement (as defined in the Registration Rights Agreement) or (ii) an
Initial Note is exchanged for an Exchange Note in connection with an
effective Registration Statement, in each case pursuant to the
Registration Rights Agreement, each Global Note and Certificated Note
shall bear the following legend on the face thereof:

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE
U.S. SECURITIES ACT OF 1933, AS AMENDED (THE
"ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED
OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT
OF, U.S. PERSONS EXCEPT AS SET FORTH BELOW. BY ITS ACQUISITION HEREOF,
THE HOLDER (1) REPRESENTS THAT (A) IT IS A "QUALIFIED
INSTITUTIONAL BUYER" (AS DEFINED IN RULE 144A UNDER THE
ACT) OR (B) IT IS NOT A U.S. PERSON AND IS ACQUIRING THIS SECURITY IN
AN OFFSHORE TRANSACTION, (2) AGREES THAT IT WILL NOT WITHIN TWO YEARS
AFTER THE ORIGINAL ISSUANCE OF THE SECURITY RESELL OR OTHERWISE
TRANSFER THIS SECURITY EXCEPT (A) TO THE ISSUER OR ANY SUBSIDIARY
THEREOF, (B) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
ACT, (C) INSIDE THE UNITED STATES TO A QUALIFIED INSTITUTIONAL BUYER IN
COMPLIANCE WITH RULE 144A UNDER THE ACT, (D) OUTSIDE THE UNITED STATES
IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 UNDER THE ACT,
(E) PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144
UNDER THE ACT (IF AVAILABLE) OR (F) PURSUANT TO ANOTHER AVAILABLE
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE ACT, SUBJECT TO THE
COMPANY'S AND THE TRUSTEE'S RIGHT PRIOR TO ANY SUCH OFFER,
SALE OR TRANSFER (1) PURSUANT TO CLAUSES (E) OR (F) TO REQUIRE THE
DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER
INFORMATION SATISFACTORY TO EACH OF THEM AND (2) IN EACH OF THE
FOREGOING CASES, TO REQUIRE THAT A CERTIFICATE OF TRANSFER IN THE FORM
APPEARING ON THE OTHER SIDE OF THIS SECURITY IS COMPLETED AND DELIVERED
BY THE TRANSFEROR TO THE TRUSTEE. AS USED HEREIN, THE TERMS
"OFFSHORE TRANSACTION," "UNITED
STATES" AND "U.S. PERSON" HAVE
THE MEANING GIVEN TO THEM BY REGULATION S UNDER THE ACT.

Section 1.02.    Transfer and
Exchange.

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

C-2

Transfers of a Global Note shall be limited
to transfers of such Global Note in whole, but not in part, to the
Depositary, its successors or their respective nominees. Interests of
beneficial owners in the Global Note may be transferred in accordance
with the rules and procedures of the Depositary and the provisions of
this Exhibit C. Beneficial interests in a Global Note shall only be
exchanged for Certificated Notes in accordance with the provisions of
Section 3.5 of the Indenture. Nothing in this Section 1.02(a) shall
prohibit or render ineffective any transfer of a beneficial interest in
a Global Note effected in accordance with the procedures set forth in
this Exhibit C.

In connection with the transfer of an entire
Global Note to beneficial owners as provided in this Section, the
Global Note shall be deemed to be surrendered to the Trustee for
cancellation, and the Company shall execute, and the Trustee shall
authenticate and deliver, to each beneficial owner identified by the
Depositary in exchange for its beneficial interest in the Global Note,
an equal aggregate principal amount of Certificated Notes of authorized
denominations.

The Holder of a Global Note may grant proxies and
otherwise authorize any person, including Agent Members and persons
that may hold interests through Agent Members, to take any action which
a Holder is entitled to take under the Indenture or the Notes.

(b)    Special Transfer Provisions.    (i) Unless and
until (A)  an Initial Note is sold under an effective
Registration Statement, or (B)  an Initial Note is exchanged for
an Exchange Note in connection with an effective Registration
Statement, in each case pursuant to the Registration Rights Agreement,
the following provisions shall apply:

(i)    The Registrar
shall register the transfer if such transfer is being made by a
proposed transferor who has checked the box provided for on the form of
Initial Note stating, or has otherwise advised the Company and the
Registrar in writing, that the sale has been made in compliance with
the conditions to transfer set forth in the Private Placement
Legend.

(ii)    During the Restricted Period, beneficial
interests in the Regulation S Global Note may only be sold, pledged or
transferred to a transferee who takes delivery of such interests
through the US Global Note, and vice versa, in accordance with the
provisions of this Exhibit C and in accordance with the Private
Placement Legend. Prior to the expiration of the Restricted Period,
transfers by an owner of a beneficial interest in the Regulation S
Global Note to a transferee who takes delivery of such interest through
the US Global Note, and vice versa, shall be made only upon receipt by
the Trustee of a written certification from the transferor of the
beneficial interest in the form provided on the reverse of the Note to
the effect that such transfer is being made in accordance with the
Private Placement Legend. Such written certification shall no longer be
required after the expiration of the Restricted Period in the case of a
transfer of beneficial interests in the Regulation S Global Note to a
transferee who takes delivery of such interest through the US Global
Note. Upon the expiration of the Restricted Period, beneficial
ownership interests in the Regulation S Global Note shall be
transferable in accordance with applicable law and the other terms of
the Indenture.

(c)    Private Placement
Legend.    Upon the transfer, exchange or replacement of Notes
not bearing the Private Placement Legend, the Registrar shall deliver
Notes that do not bear the Private Placement Legend. Upon the transfer,
exchange or replacement of Notes bearing the Private Placement Legend,
the Registrar shall deliver only Notes that bear the Private Placement
Legend unless there is delivered to the Registrar an Opinion of Counsel
reasonably satisfactory to the Company and the Trustee to the effect
that neither such legend nor the related restrictions on transfer are
required in order to maintain compliance with the provisions of the
Securities Act.

Section 1.03.    Certain
Definitions.    Capitalized terms used and not otherwise defined
herein have the meaning ascribed to such terms in the Indenture or in
the Note Officers' Certificate.

"Agent
Members" has the meaning specified in Section
1.02(a).

"Certificated
Notes" means Notes that are in the form of the Note
attached to the Note Officers' Certificate as Exhibit  A or
Exhibit B, as the case may be, that do not bear the legend contained in
Section 1.01(b) hereof and that are authenticated and delivered in an
authorized denomination of $1,000 principal amount or in any
denomination in excess thereof which is an integral multiple of
$1,000.

C-3

"Depositary"
means, with respect to the Notes issuable in whole or in part in global
form, DTC and any nominee thereof until a successor shall have been
appointed and become such pursuant to the applicable provisions of the
Indenture, and thereafter "Depositary" shall
mean or include such successor and any nominee thereof.

"Global Note"
means a Note issued in global form and deposited with or on behalf of
the Depositary.

"Note
Officers' Certificate" means the
Officers' Certificate pursuant to Sections 2.1 and 3.1 of the
Indenture setting forth the form and terms of the Notes established to
pursuant to the Board Resolution creating each series of Notes.

"Private Placement
Legend" means the legend to be set forth on the face
of each Note pursuant to and as set forth in Section 1.01(d)
hereof.

"Registration
Statement" means a registration statement as defined
in the Registration Rights Agreement.

"Regulation
S" means Regulation  S under the Securities
Act.

"Regulation S Global
Note" means a permanent Global Note in the form of
the Note attached to the Note Officer's Certificate as Exhibit A
or Exhibit B, and that is deposited with and registered in the name of
the Depositary, representing Notes sold in reliance on Regulation
S.

"Restricted
Period" means, with respect to any Notes, the period
of 40 consecutive days beginning on and including the later of (i) the
day on which such Notes are first offered to persons other than
distributors (as defined in Regulation S under the Securities Act) in
reliance on Regulation S and (ii) the date on which the closing of the
offering thereof occurs.

"Rule
144A" means Rule  144A under the Securities Act
(or any successor provision), as it may be amended from time to
time.

"US Global
Note" means a permanent Global Note in the form of
the Note attached to the Note Officer's Certificate as
Exhibit  A or Exhibit B, and that is deposited with or with a
custodian on behalf of and registered in the name of the Depositary or
its nominee, representing Notes sold in reliance on Rule  144A
under the Securities Act.

C-4EXHIBIT
10(iii)(A)

Adopted—September 28,
1994
 Amended—March 1, 1995
Approved by
shareholders—April 19, 1995
Amended—December 18,
1996
Amended—January 25, 2001
Amended—October 15,
2003

THE STANLEY WORKS
    
STOCK OPTION
PLAN
FOR NON-EMPLOYEE DIRECTORS

	1.	Purpose.

The purpose of
The Stanley Works Stock Option Plan for Non-Employee Directors (the
"Plan") is to promote the interests of The
Stanley Works (the "Company") and its
shareholders by encouraging Non-Employee Directors of the Company to
have a direct and personal stake in the performance of the
Company's Common Stock.

	2.	Definitions.

Unless the
context clearly indicates otherwise, the following terms have the
meanings set forth below. Whenever applicable, the masculine pronoun
shall include the feminine pronoun and the singular shall include the
plural.

"Biennial Option" or
"Biennial Option Grant" means an Option
granted to a Non-Employee Director in accordance with Section 7(a)(i)
of the Plan.

"Board of
Directors" or "Board" means the
Board of Directors of the Company.

"Business Day" shall mean any day
except Saturday, Sunday or a legal holiday in the State of
Connecticut.

"Code" means the
Internal Revenue Code of 1986, as amended, now in effect or as amended
from time to time and any successor provisions thereto.

"Common Stock" means the common
stock, par value $2.50 per share, of the Company.

"Fair Market Value" of a share of
Common Stock on any particular date means the mean average of the high
and the low price of a share of the Common Stock as quoted on the New
York Stock Exchange Composite Tape on the date as of which fair market
value is to be determined or, if there is no trading of Common Stock on
such date, such mean average of the high and the low price on the next
preceding date on which there was such trading.

"Grant Date", as used with respect
to a particular Option, means the date on which such Option is granted
pursuant to Section 7(a) of the Plan.

"Grantee" means the Non-Employee
Director to whom an Option is granted pursuant to the Plan.

"Immediate Family Members shall mean the
spouse, children and grandchildren of a Grantee.

"Initial Option" or
"Initial Option Grant" means the Option
granted to a Non-Employee Director who is first elected or appointed to
the Board after September 30, 1994 and prior to December 18, 1996 in
accordance with Section 7(a)(ii) of the Plan.

"Option" means an Initial Option
or Biennial Option granted pursuant to the Plan to purchase shares of
Common Stock which shall be a non-qualified stock option not intended
to qualify as an incentive stock option under Section  422 of the
Code.

"Non-Employee Director"
shall mean a member of the Board of Directors who is not an employee of
the Company or any Subsidiary.

"Plan" means The Stanley Works
Stock Option Plan for Non-Employee Directors as set forth herein and as
amended from time to time.

"Subsidiary"
shall mean a "subsidiary corporation" of the
Company as defined in Section  425(f) of the Code.

"1934 Act" means the Securities
Exchange Act of 1934, as amended, now in effect or as amended from time
to time and any successor provisions thereto.

	3.	Administration.

The
Plan shall be administered by the Board, which shall have full power
and authority, subject to the provisions of the Plan, to supervise
administration of the Plan and interpret the provisions of the Plan and
any Options granted hereunder. Any decision by the Board shall be final
and binding on all parties. No member of the Board shall be liable for
any determination, decision or action made in good faith with respect
to the Plan or any Option under the Plan.

	4.	Eligibility.

The
persons eligible to receive Options under the Plan are the Non-Employee
Directors.

	5.	Effective Date and
Term of the Plan.

The Plan shall become effective upon its
adoption by the Board of Directors, provided, that no Option granted
pursuant to the Plan will vest or shall be exercised prior to the
approval of the Plan by the Company's shareholders within twelve
(12) months of its adoption by the Board. Unless previously terminated
by the Board, the term during which awards may be granted under the
Plan shall expire on the tenth anniversary of the adoption of the Plan
by the Board of Directors.

	6.	Shares Subject to the
Plan.

The shares of Common Stock that may be delivered upon
the exercise of Options under the Plan shall be shares of the
Company's authorized Common Stock and may be unissued shares or
reacquired shares, as the Board of Directors may from time to time
determine. Subject to adjustment as provided in Section 13 hereof, the
aggregate number of shares to be delivered under the Plan shall not
exceed 200,000 shares. If any shares are subject to an Option which for
any reason expires or terminates during the term of the Plan prior to
the issuance of such shares, the shares subject to but not delivered
under such Option shall be available for issuance under the Plan. If,
on any Grant Date, the aggregate number of shares of Common Stock
subject to Option grants on that date exceeds the remaining number of
shares reserved for issuance under the Plan, the number of Option
shares awarded to each Non-Employee Director to whom an Option shall be
granted on such date shall be reduced pro rata so that the aggregate
number of Option shares awarded to such Non-Employee Directors equals
the number of reserved shares of Common Stock remaining under the
Plan.

	7.	Options.

	(a)	Grant of Options.

(i)    The 1994 and 1996 Option Grants.    On
September 30, 1994 and August 1, 1996, each Non-Employee Director on
that date shall automatically be granted an Option, upon the terms and
conditions specified in the Plan, to purchase 1,000 shares of Common
Stock.

(ii)    Initial Option Grants to
Newly-Elected Non-Employee Directors.    Any person who is
elected as a Non-Employee Director for the first time after September
30, 1994 and prior to December 18, 1996 shall automatically be granted
an Initial Option, upon the terms and conditions specified in the Plan,
immediately following the first Annual Meeting of the Company's
Shareholders at which such person is first elected a Non-Employee
Director by the Shareholders. The number of shares of Common Stock
subject to such Initial Option shall equal the number of shares of
Common Stock such Non-Employee Director would have received under
option grants under the Plan if such Non-Employee Director had been a
Non-Employee Director at all times between September 1, 1994 and the
date of such person's election as a Non-Employee Director.

(iii)    Discretionary Option Grants.    On and
after December 18, 1996, Non-Employee Directors may be granted Options,
upon the terms and conditions specified in the Plan, to purchase shares
of Common Stock in amounts as may be determined by the Board of
Directors.

2

(b)    Terms of
Options.    Each Option granted under the Plan shall have the
following terms and conditions:

	(i)	Price. The exercise price
per share of each Option shall equal the greater of one hundred percent
(100%) of the Fair Market Value of a share of Common Stock on
the Grant Date or the par value per share of the Common Stock on the
date of exercise of such option.

	(ii)	Term. The term of each
Option shall be for a period of ten (10) years from the Grant Date
unless terminated earlier in accordance with Section 12 of the
Plan.

	(iii)	Time of Vesting and
Exercise. An Option shall vest on its Grant Date and, unless the
Non-Employee Director to whom said option has been granted is removed
from office for cause, it shall be exercisable in full on or after its
Grant Date.

	(iv)	Option
Agreement. Each Option shall be evidenced by an Option Agreement
substantially in the form attached to this Plan as Appendix
A.

	8.	Exercise of
Options.

(a)    Each Option granted shall be exercisable
in whole or in part at any time, or from time to time, during the
Option term as specified in the Plan, provided that the election to
exercise an Option shall be made in accordance with applicable Federal
laws and regulations. Each Option may be exercised by delivery of a
written notice to the Company stating the number of shares to be
exercised and accompanied by the payment of the Option exercise price
therefor in accordance with this Section. The Grantee shall furnish the
Company, prior to the delivery of any shares upon the exercise of an
Option, with such other documents and representations as the Company
may require, to assure compliance with applicable laws and
regulations.

(b)    No Option may at any time be exercised
with respect to a fractional share. In the event that shares are issued
pursuant to the exercise of an Option, no fractional shares shall be
issued and cash equal to the Fair Market Value of such fractional share
on the date of the delivery of the exercise notice shall be given in
lieu of such fractional shares.

(c)    No shares shall be
delivered pursuant to the exercise of any Option, in whole or in part,
until qualified for delivery under such securities laws and regulations
as the Committee may deem to be applicable thereto and until payment in
full of the Option price is received by the Company in cash, by check
or in shares of Common Stock as provided in Section 9 hereof. Neither
the holder of an Option nor such holder's transferee, legal
representative, legatee, or distributee shall be or be deemed to be a
holder of any shares subject to such Option unless and until a
certificate or certificates therefor is issued in his or her name or a
person designated by him or her.

	9.	Stock as Form of Exercise
Payment.

A Grantee who owns shares of Common Stock may
elect to use the previously acquired shares, valued at the Fair Market
Value on the last Business Day preceding the date of delivery of such
shares, to pay all or part of the exercise price of an Option,
provided, however, that such form of payment shall not be permitted
unless at least one hundred shares of such previously acquired shares
are required and delivered for such purpose and the shares delivered
have been held by the Grantee for at least six months.

10.    Withholding Taxes for Awards.    Each
Grantee exercising an Option as a condition to such exercise shall pay
to the Company the amount, if any, required to be withheld from
distributions resulting from such exercise under applicable Federal and
State income tax laws ("Withholding Taxes").
Such Withholding Taxes shall be payable as of the date income from the
award is includable in the Grantee's gross income for Federal
income tax purposes (the "Tax Date"). The
Grantee may satisfy this requirement by remitting to the Company in
cash or by check the amount of such Withholding Taxes or a number of
previously owned shares of Common Stock having an aggregate Fair Market
Value as of the last Business Day preceding the Tax Date equal to the
amount of such Withholding Taxes. For the purposes of this Section 10,
the exercise of an Option by a transferee of such Option pursuant to
Section 11(b) hereof, shall be deemed to be an exercise of the Option
by the Grantee.

3

	11.	Transfer
of Awards.

(a)    Options granted under the Plan may not
be transferred except (i) by will or the laws of descent and
distribution (ii) pursuant to a qualified domestic relations order, as
defined in the Code, or (iii) pursuant to the provisions of Subsection
(b) below, and, except as provided in Subsection (b) below, during the
Grantee's lifetime, may be exercised only by said Grantee or by
said Grantee's guardian or legal representative.

(b)    A Grantee may transfer all or a portion of the Options
granted to the Grantee to (i) an Immediate Family Member or Immediate
Family Members, (ii) a trust or trusts for the exclusive benefit of an
Immediate Family Member or Immediate Family Members, or (iii) a
partnership or partnerships in which an Immediate Family Member or
Immediate Family Members is the only partner or are the only partners,
provided that (y) there shall be no consideration for such transfer,
and (z) subsequent transfers of transferred Options shall be prohibited
except those in accordance with subsection (a) above. Following a
transfer, any such transferred Options shall continue to be subject to
the same terms and conditions as were applicable immediately prior to
transfer, provided that for the purposes of Sections 9 and 15, hereof,
the term "Grantee" shall be deemed to refer
to the transferee. The events of termination of director status in
Section 12 hereof shall continue to be applied with respect to the
original Grantee, following which the Options shall be exercisable by
the transferee only to the extent, and for the periods specified in
Section 12. Neither the Board, the Company nor any agent, employee or
representative thereof shall be under any duty under the Plan or
otherwise to notify any transferee, pursuant to the terms of either
subsection (a) above or this subsection (b), of any event which might
have an impact on the value or exercisability of a transferred
Option.

	12.	Termination of
Director Status.

Upon the termination of a Grantee's
service as a member of the Board of Directors for any reason other than
cause, the Grantee may exercise an Option to the full extent of the
number of the shares of Common Stock remaining under such Option until
the expiration of its original term. Upon the termination of Board
membership of any such Grantee for cause, all Options held by such
Grantee (and any and all rights thereunder) shall be forfeited.

	13.	Changes in Common Stock.

In the event of a merger, consolidation, reorganization,
recapitalization, stock dividend, stock split, or other changes in
corporate structure or capitalization affecting the Common Stock, such
appropriate adjustment shall be made in the number, kind, option price,
etc., of shares subject to Options granted under the Plan, including
appropriate adjustment in the maximum number of shares referred to in
Section 6 of the Plan, as may be determined by the Board.

	14.	Legal Restrictions.

The Company will not be obligated to issue shares of Common Stock or
make any payment if counsel to the Company determines that such
issuance or payment would violate any law or regulation of any
governmental authority or any agreement between the Company and any
national securities exchange on which the Common Stock is listed. In
connection with any stock issuance or transfer, the person acquiring
the shares shall, if requested by the Company, give assurances
satisfactory to counsel to the Company regarding such matters as the
Company may deem desirable to assure compliance with all legal
requirements. The Company shall in no event be obliged to take any
action in order to cause the exercise of any award under the Plan.

	15.	No Rights as
Shareholders.

No Grantee and no beneficiary or other person
claiming through a Grantee shall have any interest in any shares of
Common Stock allocated for the purposes of the Plan or subject to any
award until such shares of Common Stock shall have been transferred to
the Grantee or such person. Furthermore, the existence of awards under
the Plan shall not affect: the right or power of the Company or its
stockholders to make adjustments, recapitalizations, reorganizations or
other changes in the Company's capital structure; the dissolution
or liquidation of the Company, or the sale or transfer of any part of
its assets or business; or any other corporate act, whether of a
similar character or otherwise.

4

	16.	Board
Membership.

Nothing in the Plan or in any Option shall
confer upon any Grantee any right to continue as a director of the
Company or interfere in any way with the right of the Company's
shareholders to remove a director at any time.

	17.	Choice of Law.

The
validity, interpretation and administration of the Plan and of any
rules, regulations, determinations or decisions made thereunder, and
the rights of any and all persons having or claiming to have any
interest therein or thereunder, shall be determined exclusively in
accordance with the laws of the State of Connecticut.

	18.	Amendment and
Discontinuance.

Subject to the limitation that the
provisions of the Plan shall not be amended more than once every six
months other than to comport with changes in the Code or regulations
thereunder, the Board of Directors may alter, suspend, or discontinue
the Plan, but may not, without the approval of a majority of the
holders of the Common Stock, make any alteration or amendment thereof
which operates (a)  to increase the total number of shares which
may be granted under the Plan, (b)  to extend the term of the
Plan or the option periods provided in the Plan, (c)  to decrease
the option price provided in the Plan, or otherwise materially increase
the benefits accruing to Grantees through awards under the Plan, or
(d)  to modify the eligibility requirements for participation in
the Plan.

5

APPENDIX
A

STOCK OPTION AGREEMENT
 UNDER

THE STANLEY WORKS STOCK OPTION PLAN
 FOR NON-EMPLOYEE DIRECTORS

Pursuant to Section  7 of The Stanley Works Stock
Option Plan for Non-Employee Directors (the
"Plan"), The Stanley Works (the
"Company"), this         
day of
                          ,
200  , hereby grants to
                                                      ("Director")
a non-qualified stock option to purchase an aggregate of [Three
Thousand (3,000) shares (in the case of a 1994 or 1996 Option)]
[                        
shares (in the case of an Initial Option)]
[                 shares
(in the case of a discretionary Option)] of the Common Stock of
the Company at $           per share, on the
terms and conditions hereinafter set forth and set forth in the Plan.
This option will expire at the Company's close of business on
                            ,
200  , unless sooner terminated in accordance with the terms of
the Plan.

1.    The Company hereby grants to Director a
non-qualified stock option (the "Option") to
purchase on or before the expiration date indicated above, at the
purchase price stated above, the number of shares of the
Company's Common Stock set forth above. No option granted under
the Plan shall be exercised or will vest unless and until the Plan is
approved by the Company's shareholders.

2.    The term
of this Option shall commence on the date of this Agreement and shall
terminate, unless sooner terminated by the terms of the Plan, at the
close of business on the day preceding the tenth anniversary of the
date of this Agreement as set forth above, if the Company is open for
business on such day, or the close of the Company's business on
the next preceding day that the Company is open for business. This
Option shall vest on the Grant Date of this Option set forth above.
This Option may be exercised in whole or in part in accordance with the
terms of the Plan during the term of the Option, unless sooner
terminated by the terms of the Plan.

3.    This Option may be
exercised, in whole or in part, by written notification delivered in
person or by mail to the Secretary of the Company at its world
headquarters at 1000 Stanley Drive, New Britain, Connecticut. Such
notification shall specify the number of shares with respect to which
the Option is being exercised and shall be accompanied by payment for
such shares. The Secretary of the Company will provide Director with a
form of exercise notice upon request. The Option may not be exercised
with respect to a fractional share. Payment is to be made by check
payable to the order of the Company or by one of the alternative
methods of payment described in the Plan. No shares shall be sold or
delivered hereunder until full payment for such shares has been made
and all checks delivered in payment therefor have been collected.
Director shall not have any rights of a shareholder with respect to any
Common Stock received upon exercise of the Option until certificates
for such Common Stock have been actually issued to Director in
accordance with the terms hereof.

4.    The Company shall not
be required to issue or deliver any certificate or certificates for
shares of its Common Stock purchased upon the exercise of any part of
this Option prior to (i)  the admission of such shares to listing
on any stock exchange on which the Common Stock may then be listed,
(ii)  the completion of any registration or other qualification
of such shares under any applicable law, rule or regulation,
(iii)  the obtaining of any consent or approval or other
clearance from any governmental agency which the Company determines to
be necessary or advisable, and (iv)  the payment to the Company,
upon its demand, of any amount requested by the Company for the purpose
of satisfying its liability, if any, to withhold federal, state or
local income or earnings tax or any other applicable tax or assessment
(plus interest or penalties thereon, if any, caused by a delay in
making such payment) incurred by reason of the exercise of this Option
or the transfer of such shares thereupon. The Option shall be exercised
and shares of the Company's Common Stock issued only upon
compliance with the Securities Act of 1933, as amended (the
"Act"), and any other applicable securities
laws, and Director agrees to comply with any requirements imposed by
the Committee.

5.    This Option is not transferrable by
Director otherwise than (a) by will or by the laws of descent and
distribution (b) pursuant to a qualified domestic relations order, as
defined in the Code, or (c) 

pursuant to the immediately following sentence
and is exercisable, except as provided in the immediately following
sentence, during Director's life, only by Director or by
Director's guardian or legal representative. The Director may
transfer all or a portion of this Option to (i) an Immediate Family
Member or Immediate Family Members, (ii) a trust or trusts for the
exclusive benefit of such Immediate Family Member or Immediate Family
Members, or (iii) a partnership or partnerships in which such Immediate
Family Member or Immediate Family Members is the only partner or are
the only partners, all in accordance with and subject to the provisions
of Section 11 of the Plan. Any attempted assignment, transfer, pledge,
hypothecation or other disposition of the Option contrary to the
provisions hereof shall be null and void. This Option does not confer
upon Director any right with respect to continuation of
Director's service as a director of the Company or any of its
subsidiaries, and will not interfere in any way with the right of the
Company's shareholders or the shareholders of any of its
subsidiaries to terminate Director's service as a director.

6.    Upon the termination of Director's service as a member
of the Board of Directors, the Director or his or her transferee may
exercise this Option, except as otherwise provided in Sections 11 and
12 of the Plan.

7.    This Option shall be irrevocable during
the Option period and its validity and construction shall be governed
by the laws of the State of Connecticut. The terms and conditions
herein set forth are subject in all respects to the terms and
conditions of the Plan, which shall be controlling. You agree to
execute such other agreements, documents or assignments as may be
necessary or desirable to effect the purposes of this Agreement.

8.    The grant of this Option shall be binding and effective only
if this Agreement is executed by or on behalf of the Company and by you
and a signed copy is returned to the Company.

9.    All
capitalized terms used in this Agreement which are not defined herein
shall have the meaning given to them in the Plan unless the context
clearly requires otherwise.

		THE STANLEY
WORKS
    
    
 By   ____________________________________

    
 Its   ____________________________________
     

I hereby
acknowledge receipt of the Stock Option (the
"Option") granted on the date shown above,
which has been issued to me under the terms and conditions of The
Stanley Works Stock Option Plan for Non-Employee Directors. I agree to
conform to all of the terms and conditions of the Option and the
Plan.

	Date:
                                                	Your
Signature:
                                                            

2

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