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HUNTSMAN ICI CHEMICALS LLC,
as Issuer,
each of the Guarantors named herein,
and
BANK ONE, N.A.,
as Trustee.
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FIRST AMENDMENT
to Indenture dated as of June 30, 1999
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$600,000,000
10 1/8% Senior Subordinated Notes due 2009
(u)200,000,000
10 1/8% Senior Subordinated Notes due 2009
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Dated January 5, 2000
THIS FIRST AMENDMENT, dated as of January 5, 2000 (the "Amendment"),
between Huntsman ICI Chemicals LLC, a Delaware limited liability company (the
"Company"), Huntsman ICI Financial LLC, a Delaware limited liability company
("Financial"), Tioxide Americas Inc., a Cayman Island company ("TAI"), Tioxide
Group, an unlimited liability company organized and existing under the laws of
England and Wales (together with Financial and TAI, the "Guarantors") and Bank
One, N.A., a national banking association, as trustee (the "Trustee"), amending
and supplementing the Indenture, dated as of June 30, 1999 (the "Original
Indenture"), among the Company, the Guarantors and the Trustee, relating to the
Company's $600,000,000 10% Senior Subordinated Notes due 2009 and the Company's
200,000,000 10% Senior Subordinated Notes due 2009 (the "Notes"). (The
Original Indenture as amended by this First Amendment is referred to herein as
the "Indenture".) Capitalized terms used herein and not otherwise defined
herein have the meanings ascribed thereto in the Indenture.
RECITALS:
WHEREAS, the definition of "Permitted Indebtedness" in the Original
Indenture is defective in that it does not conform to the definition of
"Permitted Indebtedness" contained in the offering circular that was distributed
to investors;
WHEREAS, in the judgment of the board of managers of the Company and
pursuant to Section 9.01 of the Original Indenture, it is deemed advisable to
cure the aforementioned defect, by amending the Original Indenture to conform to
the offering circular;
WHEREAS, the Original 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 Original Indenture, and the Indenture shall, to the extent
applicable, continue to be governed by such provisions.
NOW, THEREFORE in consideration of the premises and the mutual agreements
herein contained, it is mutually covenanted and agreed, for the equal and
proportionate benefit of all Holders of the Notes, as follows:
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ARTICLE ONE
INDENTURE
Section 101. Effect of the Original Indenture.
--------------------------------
Except as specifically provided in this Amendment, the Original Indenture,
as heretofore supplemented and amended, shall remain in full force and effect.
ARTICLE TWO
AMENDMENT TO THE INDENTURE
Section 201. Definition of "Permitted Indebtedness"
--------------------------------------
In accordance with Section 9.01 of the Original Indenture, to cure any
ambiguity, defects or inconsistencies, clause (ii) of the definition of
"Permitted Indebtedness" contained in Section 1.01 of the Original Indenture is
hereby amended by deleting the phrase "(including the Notes)" appearing in the
second line of such clause.
Section 202. References in the Indenture.
---------------------------
By reason of the amendment of subsection (ii) of the definition of
"Permitted Indebtedness" pursuant to Section 201 hereof, all references in the
Original Indenture to "Permitted Indebtedness" are hereby deemed to mean
"Permitted Indebtedness" as amended by this Amendment.
ARTICLE THREE
MISCELLANEOUS
Section 301. Effect of Headings.
------------------
The Article and Section headings herein are for convenience of reference
only and shall not effect the construction hereof.
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Section 302. Governing Law.
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Subject to the following sentence, this Amendment 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 Amendment is subject to
the provisions of the TIA that are required to be part of the Original Indenture
and shall, to the extent applicable, be governed by such provisions.
Section 303. Counterparts.
------------
This Amendment 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.
[Signature page follows.]
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed, all as of the day and year first above written.
HUNTSMAN ICI CHEMICALS LLC
By: /s/ J. Xxxx Xxxxxx
Name: J. Xxxx Xxxxxx
Title: Executive Vice President
HUNTSMAN ICI FINANCIAL LLC
By: /s/ J. Xxxx Xxxxxx
Name: J. Xxxx Xxxxxx
Title: Executive Vice President
TIOXIDE GROUP
By: /s/ J. Xxxx Xxxxxx
Name: J. Xxxx Xxxxxx
Title: Director
Executed as a Deed by TIOXIDE AMERICAS INC.
for and on behalf of
Tioxide Americas Inc. By: /s/ J. Xxxx Xxxxxx
in the presence of Name: J. Xxxx Xxxxxx
Title: Director
/s/ Xxxxx X. Xxxxx
Witness
BANK ONE, N.A.,
as Trustee
By: /s/ Xxxxx X. Xxxx
Name: Xxxxx X. Xxxx
Title: Authorized Xxxxxx
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