HUNTSMAN CORPORATION, as Issuer, the GUARANTORS named herein, and WILMINGTON TRUST COMPANY, as Trustee

Exhibit 4.30

HUNTSMAN CORPORATION,

as Issuer,

the GUARANTORS named herein,

and

WILMINGTON TRUST COMPANY,

as Trustee

SECOND SUPPLEMENTAL INDENTURE

Dated as of August 5, 2002

Amending and Supplementing the Amended and Restated Indenture

Dated as of June 14, 2002

$200,000,000

9¹/₂ % Senior Subordinated Notes due 2007

SECOND SUPPLEMENTAL INDENTURE, dated as of August 15, 2002, (this “Second Supplemental Indenture”), among HUNTSMAN CORPORATION, a Utah corporation (the “Company”) the persons listed on the signature pages hereto as the Existing Guarantors (collectively, the “Existing Guarantors’), HUNTSMAN CHEMICAL COMPANY LLC, a Utah limited liability company (formerly known as Huntsman Mergco LLC) and successor by merger of Huntsman Chemical Corporation (referred to herein as the “New Guarantor”), and WILMINGTON TRUST COMPANY, as trustee (the “Trustee”), amending and supplementing the Amended and Restated Indenture dated as of June 14, 2002 (as further supplemented by the First Supplemental Indenture dated July 11, 2002, the “Amended and Restated Indenture”), among the Company, the Existing Guarantors, and the Trustee, governing the Company’s 9½% Senior Subordinated Notes due 2007 (the “Notes”). Capitalized terms used herein and not otherwise defined herein have the meanings ascribed thereto in the Amended and Restated Indenture.

RECITALS:

WHEREAS, pursuant to Section 11.01 of the Amended and Restated Indenture, any Restricted Subsidiary which, after the date of the Amended and Restated Indenture, becomes a Restricted Subsidiary shall become a Guarantor which shall be bound by the Guarantee of the Notes; and

WHEREAS, as of the date hereof, the New Guarantor has become a Restricted Subsidiary and is required, therefore, to execute this Second Supplemental Indenture pursuant to the terms of Sections 9.01 and 11.01 of the Amended and Restated Indenture; and

WHEREAS, the Amended and Restated Indenture is subject to the provisions of the United States Trust Indenture Act of 1939, as amended (the “TIA”), that are required to be part of the Amended and Restated Indenture; and

WHEREAS, the New Guarantor has duly authorized the execution and delivery of this Second Supplemental Indenture and has done all things necessary to make this Second Supplemental Indenture a valid agreement in accordance with its terms.

For and in consideration of the premises and the purchase of the Notes by the Holders thereof, it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of the Notes or of any series thereof, as follows:

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ARTICLE ONE

INDENTURE

Section 101.  Effect of the Indenture.

Except as specifically provided in this Second Supplemental Indenture, the Amended and Restated Indenture, as heretofore supplemented and amended, shall remain in full force and effect

ARTICLE TWO

AMENDMENTS TO THE INDENTURE

Section 201.  Addition of Guarantor.

In accordance with Sections 4.19, 9.01 and 11.01 of the Amended and Restated Indenture, the New Guarantor hereby agrees to guarantee (the “Guarantee”) the Company’s payment obligations under the Notes to the same extent as a Guarantor under Article Eleven of the Amended and Restated Indenture. Notwithstanding the foregoing, such Guarantee by the New Guarantor of the Notes shall be automatically and unconditionally released and discharged, without any further action required on the part of the Trustee or any Holder, upon: (i) the unconditional release of such New Guarantor from its liability in respect of the indebtedness in connection with which such Guarantee was executed and delivered pursuant to Section 4.19 of the Amended and Restated Indenture; or (ii) any sale or other disposition (by merger or other-wise) to any Person which is not a Restricted Subsidiary of the Company of all of the Company’s Capital Stock in, or all or substantially all of the assets of, such New Guarantor or the parent of such New Guarantor, as applicable; provided that (a) such sale or disposition of such Capital Stock or assets is otherwise in compliance with the terms of the Amended and Restated Indenture and (b) such assumption, guarantee or other liability of such New Guarantor has been released by the holders of the other Indebtedness so guaranteed or (iii) such New Guarantor becoming an Unrestricted Subsidiary in accordance with the Amended and Restated Indenture.

Section 202.  References in the Indenture.

The New Guarantor hereby agrees to be bound by the terms of the Amended and Restated Indenture, as supplemented by this Second Supplemental Indenture, to the same extent as if the New Guarantor executed and delivered the Amended and Restated Indenture. All references in the Amended and Restated Indenture to each or any “Guarantor” are hereby deemed to include the New Guarantor.

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ARTICLE THREE

MISCELLANEOUS

Section 301.  Effect of Headings.

The Article and Section headings herein are for convenience of reference only and shall not affect the construction hereof.

Section 302.  Governing Law.

Subject to the following sentence, this Second Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York, without giving effect to conflicts of laws principles thereof This Second Supplemental Indenture is subject to the provisions of the TIA that are required to be part of the Amended and Restated Indenture and shall, to the extent applicable, he governed by such provisions.

Section 303. Counterparts.

This Second Supplemental Indenture may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

[Remainder of page intentionally left blank.]

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	COMPANY:
		HUNTSMAN CORPORATION, as Issuer
		By:	/s/ Xxxx Xxxxxxx
		Name:	Xxxx Xxxxxxx
		Title:	Vice President and Treasurer
	NEW GUARANTOR:
		HUNTSMAN CHEMICAL COMPANY LLC
		By:	/s/ Xxxxx X. Xxxxxxxx
		Name:	Xxxxx X. Xxxxxxxx
		Title:	Vice President

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	EXISTING GUARANTORS:
		HUNTSMAN FUELS, L.P.
		By:	/s/ Xxx X. Xxxxx
			Petrostar Fuels LLC, its Manager
		Name:	Xxx X. Xxxxx
		Title:	Vice President
		PETROSTAR FUELS LLC
		By:	/s/ Xxx X. Xxxxx
		Name:	Xxx X. Xxxxx
		Title:	Vice President
		PETROSTAR INDUSTRIES LLC
		By:	/s/ Xxxx Xxxxxxx
		Name:	Xxxx Xxxxxxx
		Title:	Vice President
		AIRSTAR CORPORATION
		HUNTSMAN PETROCHEMICAL CORPORATION
		HUNTSMAN POLYMERS CORPORATION
		JK HOLDINGS CORPORATION
		By:	/s/ Xxxx Xxxxxxx
		Name:	Xxxx Xxxxxxx
		Title:	Vice President

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	HUNTSMAN GROUP INTELLECTUAL
	PROPERTY HOLDINGS CORPORATION
	HUNTSMAN HEADQUARTERS CORPORATION
	HUNTSMAN INTERNATIONAL CHEMICALS CORPORATION
	HUNTSMAN INTERNATIONAL TRADING CORPORATION
	HUNTSMAN MA INVESTMENT CORPORATION
	HUNTSMAN PETROCHEMICAL CANADA HOLDINGS CORPORATION
	HUNTSMAN POLYMERS HOLDINGS CORPORATION
	POLYMER MATERIALS INC.
	By:	/s/ Xxx X. Xxxxxxxx
	Name:	Xxx X. Xxxxxxxx
	Title:	Chairman
	HUNTSMAN EXPANDABLE POLYMERS COMPANY LC
	By:	/s/ Xxxxx X. Xxxxxxxx
		Huntsman Chemical Company LLC,
		its Manager
	Name:	Xxxxx X. Xxxxxxxx
	Title:	Vice President
	HUNTSMAN PETROCHEMICAL PURCHASING CORPORATION
	By:	/s/ Xxxxx X. Xxxxxxxx
	Name:	Xxxxx X. Xxxxxxxx
	Title:	President

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		HUNTSMAN PROCUREMENT CORPORATION
		By:	/s/ Xxxx Xxxxxxx
		Name:	Xxxx Xxxxxxx
		Title:	Vice President
		HUNTSMAN INTERNATIONAL SERVICES CORPORATION
		By:	/s/ Xxxx Xxxxxxx
		Name:	Xxxx Xxxxxxx
		Title:	Vice President
		HUNTSMAN PURCHASING, LTD.
		By:	/s/ Xxxx Xxxxxxx
			Xxxxxxxx Procurement Corporation, its General Partner
		Name:	Xxxx Xxxxxxx
		Title:	Vice President
	TRUSTEE:
		WILMINGTON TRUST COMPANY, as Trustee
		By:
		Name:
		Title:

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