Common use of Page Clause in Contracts

Page. SECTION 1. AUTHORIZATION OF NOTES 1 Section 1.1. Description of Notes 1 Section 1.2. Interest Rate 1 SECTION 2. SALE AND PURCHASE OF NOTES 2 Section 2.1. Series A Notes 2 Section 2.2. Additional Series of Notes 2 Section 2.3. Each Series Ranks Pari Passu 3 SECTION 3. CLOSING DATE AND FUNDING DATE 4 SECTION 4. CONDITIONS TO CLOSING AND FUNDING 4 Section 4.1. Representations and Warranties 4 Section 4.2. Performance; No Default 4 Section 4.3. Compliance Certificates 5 Section 4.4. Opinions of Counsel 5 Section 4.5. Purchase Permitted By Applicable Law, Etc 5 Section 4.6. Sale of Other Notes 5 Section 4.7. Payment of Special Counsel Fees 6 Section 4.8. Private Placement Number 6 Section 4.9. Changes in Corporate Structure 6 Section 4.10. Funding Instructions 6 Section 4.11. Proceedings and Documents 6 SECTION 5. REPRESENTATIONS AND WARRANTIES OF THE COMPANY 6 Section 5.1. Organization; Power and Authority 6 Section 5.2. Authorization, Etc 6 Section 5.3. Disclosure 7 Section 5.4. Organization and Ownership of Shares of Subsidiaries; Affiliates 7 Section 5.5. Financial Statements; Material Liabilities 8 Section 5.6. Compliance with Laws, Other Instruments, Etc 8 Section 5.7. Governmental Authorizations, Etc 8 Section 5.8. Litigation; Observance of Agreements, Statutes and Orders 8 Section 5.9. Taxes 9 Section 5.10. Title to Property; Leases 9 Section 5.11. Licenses, Permits, Etc 9 Section 5.12. Compliance with ERISA 10 Section 5.13. Private Offering by the Company 11 Section 5.14. Use of Proceeds; Margin Regulations 11 Section 5.15. Existing Debt; Future Liens 11 Section 5.16. Foreign Assets Control Regulations, Etc 12 Section 5.17. Status under Certain Statutes 12 Section 5.18. Environmental Matters 12 Section 5.19. Notes Rank Pari Passu 13 SECTION 6. REPRESENTATIONS OF THE PURCHASER 13 Section 6.1. Purchase for Investment 13 Section 6.2. Accredited Investor 13 Section 6.3. Source of Funds 13 SECTION 7. INFORMATION AS TO COMPANY 15 Section 7.1. Financial and Business Information 15 Section 7.2. Officer’s Certificate 18 Section 7.3. Visitation 18 SECTION 8. PAYMENT OF THE NOTES 18 Section 8.1. Required Prepayments 18 Section 8.2. Optional Prepayments with Make-Whole Amount 19 Section 8.3. Allocation of Partial Prepayments 19 Section 8.4. Maturity; Surrender, Etc. 19 Section 8.5. Purchase of Notes 20 Section 8.6. Make-Whole Amount for the Series A Notes 20 SECTION 9. AFFIRMATIVE COVENANTS 21 Section 9.1. Compliance with Law 21 Section 9.2. Insurance 21 Section 9.3. Maintenance of Properties 22 Section 9.4. Payment of Taxes and Claims 22 Section 9.5. Corporate Existence, Etc 22 Section 9.6. Designation of Subsidiaries 22 Section 9.7. Notes to Rank Pari Passu 23 Section 9.8. Additional Subsidiary Guarantors 23 Section 9.9. Books and Records 24 SECTION 10. NEGATIVE COVENANTS 24 Section 10.1. Consolidated Net Worth 24 Section 10.2. Consolidated Debt to Consolidated Total Capitalization 24 Section 10.3. Interest Coverage Ratio 24 Section 10.4. Priority Debt 24 Section 10.5. Limitation on Liens 24 Section 10.6. Sales of Asset 26 Section 10.7. Merger and Consolidation 27 Section 10.8. Restrictions on Investments 28 Section 10.9. Transactions with Affiliates 28 Section 10.10. Terrorism Sanctions Regulations 28 SECTION 11. EVENTS OF DEFAULT 28 SECTION 12. REMEDIES ON DEFAULT, ETC 31 Section 12.1. Acceleration 31 Section 12.2. Other Remedies 31 Section 12.3. Rescission 31 Section 12.4. No Waivers or Election of Remedies, Expenses, Etc 32 SECTION 13. REGISTRATION; EXCHANGE; SUBSTITUTION OF NOTES 32 Section 13.1. Registration of Notes 32 Section 13.2. Transfer and Exchange of Notes 32 Section 13.3. Replacement of Notes 33 Section 13.4. Prohibition on Transfer to a Competitor 33 SECTION 14. PAYMENTS ON NOTES 34 Section 14.1. Place of Payment 34 Section 14.2. Home Office Payment 34 SECTION 15. EXPENSES, ETC 34 Section 15.1. Transaction Expenses 34 Section 15.2. Survival 35 SECTION 16. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT 35 SECTION 17. AMENDMENT AND WAIVER 35 Section 17.1. Requirements 35 Section 17.2. Solicitation of Holders of Notes 36 Section 17.3. Binding Effect, Etc 37 Section 17.4. Notes Held by Company, Etc 37 SECTION 18. NOTICES 37 SECTION 19. REPRODUCTION OF DOCUMENTS 38 SECTION 20. CONFIDENTIAL INFORMATION 38 SECTION 21. SUBSTITUTION OF PURCHASER 39 SECTION 22. MISCELLANEOUS 40 Section 22.1. Successors and Assigns 40 Section 22.2. Payments Due on Non-Business Days 40 Section 22.3. Accounting Terms 40 Section 22.4. Severability 40 Section 22.5. Construction 40 Section 22.6. Counterparts 40 Section 22.7. Governing Law 41 Section 22.8. Jurisdiction and Process; Waiver of Jury Trial 41 SCHEDULE A — INFORMATION RELATING TO PURCHASERS SCHEDULE B — DEFINED TERMS SCHEDULE 4.9 — Changes in Corporate Structure SCHEDULE 5.4 — Subsidiaries of the Company, Ownership of Subsidiary Stock, Affiliates SCHEDULE 5.5 — Financial Statements SCHEDULE 5.8 — Disclosure of Certain Litigation SCHEDULE 5.11 — Licenses, Permits, Etc. SCHEDULE 5.15 — Existing Debt SCHEDULE 5.18 — Disclosure of Certain Environmental Matters SCHEDULE 10.5 — Existing Liens EXHIBIT 1(a) — Form of 5.69% Series 2005-A Senior Notes, due November 1, 2018 EXHIBIT 4.4(a) — Form of Opinion of General Counsel to the Company EXHIBIT 4.4(b) — Form of Opinion of Special Counsel to the Company EXHIBIT 4.4(c) — Form of Opinion of Special Counsel to the Purchasers EXHIBIT S — Form of Supplement to Note Purchase Agreement EXHIBIT 8.8(b) — Form of Opinion of Special Counsel to the Company STEPAN COMPANY ▇▇▇▇▇ AND ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ $40,000,000 5.69% SERIES 2005-A SENIOR NOTES, DUE NOVEMBER 1, 2018 TO THE PURCHASERS LISTED IN THE ATTACHED SCHEDULE A: Ladies and Gentlemen: STEPAN COMPANY, a Delaware corporation (the “Company”), agrees with the Purchasers listed in the attached Schedule A (the “Purchasers”) to this Note Purchase Agreement (this “Agreement”) as follows:

Page. SECTION 1. AUTHORIZATION OF NOTES 1 Section 1.1. Description of Notes 1 Section 1.2. Interest Rate 1 SECTION 2. SALE AND PURCHASE OF NOTES 2 Section 2.1. Series A Notes 2 Section 2.2. Additional Series of Notes 2 Section 2.3. Each Series Ranks Pari Passu 3 1 SECTION 3. CLOSING DATE AND FUNDING DATE 4 1 SECTION 4. CONDITIONS TO CLOSING AND FUNDING 4 2 Section 4.1. 4.1 Representations and Warranties 4 2 Section 4.2. 4.2 Performance; No Default 4 2 Section 4.3. 4.3 Compliance Certificates 5 2 Section 4.4. 4.4 Opinions of Counsel 5 2 Section 4.5. 4.5 Purchase Permitted By by Applicable Law, Etc 5 Etc. 3 Section 4.6. Sale of Other Notes 5 4.6 Related Transactions 3 Section 4.7. 4.7 Payment of Special Counsel Fees 6 3 Section 4.8. 4.8 Private Placement Number 6 3 Section 4.9. 4.9 Changes in Corporate Structure 6 3 Section 4.10. 4.10 Funding Instructions 6 3 Section 4.11. 4.11 Proceedings and Documents 6 4 SECTION 5. REPRESENTATIONS AND WARRANTIES OF THE COMPANY 6 4 Section 5.1. 5.1 Organization; Power and Authority 6 4 Section 5.2. 5.2 Authorization, Etc 6 Etc. 4 Section 5.3. 5.3 Disclosure 7 4 Section 5.4. 5.4 Organization and Ownership of Shares of Subsidiaries; Affiliates 7 5 Section 5.5. 5.5 Financial Statements; Material Liabilities 8 Statements 5 Section 5.6. 5.6 Compliance with Laws, Other Instruments, Etc 8 Etc. 6 Section 5.7. 5.7 Governmental Authorizations, Etc 8 Etc. 6 Section 5.8. 5.8 Litigation; Observance of Agreements, Statutes and Orders 8 6 Section 5.9. 5.9 Taxes 9 6 Section 5.10. 5.10 Title to Property; Leases 9 7 Section 5.11. Licenses, Permits, Etc 9 Section 5.12. Compliance with ERISA 10 Section 5.13. Private Offering by the Company 11 Section 5.14. Use of Proceeds; Margin Regulations 11 Section 5.15. Existing Debt; Future Liens 11 Section 5.16. Foreign Assets Control Regulations, Etc 12 Section 5.17. Status under Certain Statutes 12 Section 5.18. Environmental Matters 12 Section 5.19. Notes Rank Pari Passu 13 SECTION 6. REPRESENTATIONS OF THE PURCHASER 13 Section 6.1. Purchase for Investment 13 Section 6.2. Accredited Investor 13 Section 6.3. Source of Funds 13 SECTION 7. INFORMATION AS TO COMPANY 15 Section 7.1. Financial and Business Information 15 Section 7.2. Officer’s Certificate 18 Section 7.3. Visitation 18 SECTION 8. PAYMENT OF THE NOTES 18 Section 8.1. Required Prepayments 18 Section 8.2. Optional Prepayments with Make-Whole Amount 19 Section 8.3. Allocation of Partial Prepayments 19 Section 8.4. Maturity; Surrender, Etc. 19 Section 8.5. Purchase of Notes 20 Section 8.6. Make-Whole Amount for the Series A Notes 20 SECTION 9. AFFIRMATIVE COVENANTS 21 Section 9.1. Compliance with Law 21 Section 9.2. Insurance 21 Section 9.3. Maintenance of Properties 22 Section 9.4. Payment of Taxes and Claims 22 Section 9.5. Corporate Existence, Etc 22 Section 9.6. Designation of Subsidiaries 22 Section 9.7. Notes to Rank Pari Passu 23 Section 9.8. Additional Subsidiary Guarantors 23 Section 9.9. Books and Records 24 SECTION 10. NEGATIVE COVENANTS 24 Section 10.1. Consolidated Net Worth 24 Section 10.2. Consolidated Debt to Consolidated Total Capitalization 24 Section 10.3. Interest Coverage Ratio 24 Section 10.4. Priority Debt 24 Section 10.5. Limitation on Liens 24 Section 10.6. Sales of Asset 26 Section 10.7. Merger and Consolidation 27 Section 10.8. Restrictions on Investments 28 Section 10.9. Transactions with Affiliates 28 Section 10.10. Terrorism Sanctions Regulations 28 SECTION 11. EVENTS OF DEFAULT 28 SECTION 12. REMEDIES ON DEFAULT, ETC 31 Section 12.1. Acceleration 31 Section 12.2. Other Remedies 31 Section 12.3. Rescission 31 Section 12.4. No Waivers or Election of Remedies, Expenses, Etc 32 SECTION 13. REGISTRATION; EXCHANGE; SUBSTITUTION OF NOTES 32 Section 13.1. Registration of Notes 32 Section 13.2. Transfer and Exchange of Notes 32 Section 13.3. Replacement of Notes 33 Section 13.4. Prohibition on Transfer to a Competitor 33 SECTION 14. PAYMENTS ON NOTES 34 Section 14.1. Place of Payment 34 Section 14.2. Home Office Payment 34 SECTION 15. EXPENSES, ETC 34 Section 15.1. Transaction Expenses 34 Section 15.2. Survival 35 SECTION 16. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT 35 SECTION 17. AMENDMENT AND WAIVER 35 Section 17.1. Requirements 35 Section 17.2. Solicitation of Holders of Notes 36 Section 17.3. Binding Effect, Etc 37 Section 17.4. Notes Held by Company, Etc 37 SECTION 18. NOTICES 37 SECTION 19. REPRODUCTION OF DOCUMENTS 38 SECTION 20. CONFIDENTIAL INFORMATION 38 SECTION 21. SUBSTITUTION OF PURCHASER 39 SECTION 22. MISCELLANEOUS 40 Section 22.1. Successors and Assigns 40 Section 22.2. Payments Due on Non-Business Days 40 Section 22.3. Accounting Terms 40 Section 22.4. Severability 40 Section 22.5. Construction 40 Section 22.6. Counterparts 40 Section 22.7. Governing Law 41 Section 22.8. Jurisdiction and Process; Waiver of Jury Trial 41 SCHEDULE A — INFORMATION RELATING TO PURCHASERS SCHEDULE B — DEFINED TERMS SCHEDULE 4.9 — Changes in Corporate Structure SCHEDULE 5.4 — Subsidiaries of the Company, Ownership of Subsidiary Stock, Affiliates SCHEDULE 5.5 — Financial Statements SCHEDULE 5.8 — Disclosure of Certain Litigation SCHEDULE 5.11 — Licenses, Permits, Etc. SCHEDULE 5.15 — Existing Debt SCHEDULE 5.18 — Disclosure of Certain Environmental Matters SCHEDULE 10.5 — Existing Liens EXHIBIT 1(a) — Form of 5.69% Series 2005-A Senior Notes, due November 1, 2018 EXHIBIT 4.4(a) — Form of Opinion of General Counsel to the Company EXHIBIT 4.4(b) — Form of Opinion of Special Counsel to the Company EXHIBIT 4.4(c) — Form of Opinion of Special Counsel to the Purchasers EXHIBIT S — Form of Supplement to Note Purchase Agreement EXHIBIT 8.8(b) — Form of Opinion of Special Counsel to the Company STEPAN COMPANY ▇▇▇▇▇ AND ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ $40,000,000 5.69% SERIES 2005-A SENIOR NOTES, DUE NOVEMBER 1, 2018 TO THE PURCHASERS LISTED IN THE ATTACHED SCHEDULE A: Ladies and Gentlemen: STEPAN COMPANY, a Delaware corporation (the “Company”), agrees 7 Section 5.12 Compliance with the Purchasers listed in the attached Schedule A (the “Purchasers”) to this Note Purchase Agreement (this “Agreement”) as follows:ERISA 7

Page. SECTION 1. AUTHORIZATION OF NOTES 1 Section 1.1. Description of Series A Notes 1 Section 1.2. Interest Rate Subsequent Series 1 SECTION 2. SALE AND PURCHASE OF NOTES NOTES; SUBSEQUENT SALES 2 Section 2.1. Series A Purchase and Sale of Notes 2 Section 2.2. Additional Series of Notes Guarantees 2 Section 2.3. Each Series Ranks Pari Passu 3 Subsequent Sales 4 SECTION 3. CLOSING DATE AND FUNDING DATE 4 SECTION 4. CONDITIONS TO CLOSING AND FUNDING 4 5 Section 4.1. Representations and Warranties 4 5 Section 4.2. Performance; No Default 4 6 Section 4.3. Compliance Certificates 5 6 Section 4.4. Opinions of Counsel 5 7 Section 4.5. Purchase Permitted By Applicable Law, Etc 5 Etc. 7 Section 4.6. Sale of Other Notes 5 7 Section 4.7. Bank Credit Agreement, Security Documents, Etc 7 Section 4.8. Filing and Recording 7 Section 4.9. Payment of Special Counsel Fees 6 Fees. 8 Section 4.84.10. Private Placement Number 6 8 Section 4.94.11. Changes in Corporate Structure 6 8 Section 4.104.12. Funding Instructions 6 8 Section 4.114.13. Proceedings and Documents 6 8 SECTION 5. REPRESENTATIONS AND WARRANTIES OF THE COMPANY 6 8 Section 5.1. Organization; Power and Authority 6 9 Section 5.2. Authorization, Etc 6 Etc. 9 Section 5.3. Disclosure 7 9 Section 5.4. Organization and Ownership of Shares of Subsidiaries; Affiliates 7 Subsidiaries 9 Section 5.5. Financial Statements; Material Liabilities 8 Statements 10 Section 5.6. Compliance with Laws, Other Instruments, Etc 8 Etc. 10 Section 5.7. Governmental Authorizations, Etc 8 Etc. 10 Section 5.8. Litigation; Observance of Agreements, Statutes and Orders 8 10 Section 5.9. Taxes 9 11 Section 5.10. Title to Property; Leases 9 11 Section 5.11. Licenses, Permits, Etc 9 Etc. 11 Section 5.12. Compliance with ERISA 10 11 Section 5.13. Private Offering by the Company 11 12 Section 5.14. Use of Proceeds; Margin Regulations 11 12 Section 5.15. Existing Debt; Future Liens 11 Debt 13 Section 5.16. Foreign Assets Control Regulations, Etc 12 Etc. 13 Section 5.17. Status under Certain Statutes 12 13 Section 5.18. Environmental Matters 12 Section 5.19. Notes Rank Pari Passu Pledge Agreements 13 SECTION 6. REPRESENTATIONS OF THE PURCHASER 13 14 Section 6.1. Purchase for Investment 13 14 Section 6.2. Accredited Investor 13 Section 6.3. Source of Funds 13 14 SECTION 7. INFORMATION AS TO THE COMPANY 15 Section 7.1. Financial and Business Information 15 Section 7.2. Officer’s Certificate 18 Section 7.3. Visitation Inspection 18 SECTION 8. PAYMENT PREPAYMENT OF THE NOTES 18 19 Section 8.1. Required Prepayments 18 19 Section 8.2. Optional Prepayments with Make-Whole Amount 19 Section 8.3. Allocation of Partial Prepayments 19 Section 8.4. Maturity; Surrender, Etc. 19 20 Section 8.5. Purchase of Notes 20 Section 8.6. Make-Whole Amount for the Series A Notes 20 SECTION 9. AFFIRMATIVE COVENANTS 21 22 Section 9.1. Compliance with Law 21 22 Section 9.2. Insurance 21 22 Section 9.3. Maintenance of Properties 22 Section 9.4. Payment of Taxes and Claims 22 Section 9.5. Corporate Existence, Etc 22 Etc. 23 Section 9.6. Designation of Subsidiaries 22 Section 9.7. Notes to Rank Pari Passu 23 Section 9.7. Guaranty by Subsidiaries 23 Section 9.8. Additional Subsidiary Guarantors Stock Pledges 23 Section 9.9. Books and Records 24 SECTION 10. NEGATIVE COVENANTS 24 Section 10.1. Consolidated Net Worth 24 Section 10.2. Consolidated Limitations on Debt to Consolidated Total Capitalization 24 Section 10.3. Interest Coverage Ratio 24 Limitation on Liens 25 Section 10.4. Priority Debt 24 Mergers and Consolidations, Etc 27 Section 10.5. Limitation on Liens 24 Sale of Assets 28 Section 10.6. Sales of Asset 26 Section 10.7. Merger and Consolidation 27 Section 10.8. Restrictions on Investments 28 Section 10.9. Transactions with Affiliates 28 30 Section 10.1010.7. Terrorism Sanctions Regulations 28 Designation of Subsidiaries 30 SECTION 11. EVENTS OF DEFAULT 28 31 SECTION 12. REMEDIES ON DEFAULT, ETC 31 ETC. 33 Section 12.1. Acceleration 31 33 Section 12.2. Other Remedies 31 34 Section 12.3. Rescission 31 34 Section 12.4. No Waivers or Election of Remedies, Expenses, Etc 32 Etc. 34 SECTION 13. REGISTRATION; EXCHANGE; SUBSTITUTION OF NOTES 32 35 Section 13.1. Registration of Notes 32 35 Section 13.2. Transfer and Exchange of Notes 32 35 Section 13.3. Replacement of Notes 33 Section 13.4. Prohibition on Transfer to a Competitor 33 35 SECTION 14. PAYMENTS ON NOTES 34 36 Section 14.1. Place of Payment 34 36 Section 14.2. Home Office Payment 34 36 SECTION 15. EXPENSES, ETC 34 ETC. 36 Section 15.1. Transaction Expenses 34 36 Section 15.2. Survival 35 37 SECTION 16. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT 35 37 SECTION 17. AMENDMENT AND WAIVER 35 38 Section 17.1. Requirements 35 38 Section 17.2. Solicitation of Holders of Notes 36 38 Section 17.3. Binding Effect, Etc 37 Etc. 39 Section 17.4. Notes Held by Company, Etc 37 Etc. 39 SECTION 18. NOTICES 37 39 SECTION 19. REPRODUCTION OF DOCUMENTS 38 40 SECTION 20. CONFIDENTIAL INFORMATION 38 40 SECTION 21. SUBSTITUTION OF PURCHASER 39 41 SECTION 22. MISCELLANEOUS 40 41 Section 22.1. Successors and Assigns 40 41 Section 22.2. Payments Due on Non-Business Days 40 42 Section 22.3. Accounting Terms 40 Severability 42 Section 22.4. Severability 40 Construction 42 Section 22.5. Construction 40 Counterparts 42 Section 22.6. Counterparts 40 Governing Law 42 Section 22.7. Governing Law 41 Section 22.8. Jurisdiction and ProcessSubmission to Jurisdiction; Waiver of Jury Trial 41 42 Signature 44 SCHEDULE A — INFORMATION RELATING TO INITIAL PURCHASERS SCHEDULE B — DEFINED TERMS SCHEDULE 4.9 5.3 — Changes in Corporate Structure Disclosure Materials SCHEDULE 5.4 — Subsidiaries of the Company, Company and Ownership of Subsidiary Stock, Affiliates Stock SCHEDULE 5.5 — Financial Statements SCHEDULE 5.8 — Disclosure of Certain Litigation SCHEDULE 5.11 — LicensesPatents, Permits, Etcetc. SCHEDULE 5.14 — Use of Proceeds SCHEDULE 5.15 — Existing Debt SCHEDULE 5.18 EXHIBIT 1-A — Disclosure Form of Certain Environmental Matters SCHEDULE 10.5 4.20% Senior Note, Series A-1, due December 15, 2008 EXHIBIT 1-B — Existing Liens Form of 5.25% Senior Note, Series A-2, due December 15, 2013 EXHIBIT 1(a1-C — Form of 5.38% Senior Note, Series A-3, due December 15, 2015 EXHIBIT 1.2 — Form of Supplemental Note EXHIBIT 2.2(a) — Form of 5.69% Series 2005-A Senior Notes, due November 1, 2018 Subsidiary Guaranty EXHIBIT 2.2(b) — Form of Pledge Agreement EXHIBIT 2.2(c) — Form of Intercreditor Agreement EXHIBIT 2.3 — Form of Supplemental Note Purchase Agreement EXHIBIT 4.4(a) — Form of Opinion of General Special Counsel to the Company Company, the Subsidiary Guarantors and the Pledgors EXHIBIT 4.4(b) — Form of Opinion of Special Counsel to the Company EXHIBIT 4.4(c) — Form of Opinion of Special Counsel to the Purchasers EXHIBIT S — Form of Supplement to Note Purchase Agreement EXHIBIT 8.8(b) — Form of Opinion of Special Counsel to the Company STEPAN COMPANY ▇STERIS CORPORATION ▇▇▇▇ AND ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇MENTOR, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ $40,000,000 5.69% SERIES 2005OHIO 44060-A SENIOR NOTES, DUE NOVEMBER 1, 2018 1834 TO THE PURCHASERS PURCHASER LISTED IN THE ATTACHED SCHEDULE AA WHO IS A SIGNATORY HERETO: Ladies and Gentlemen: STEPAN COMPANYSTERIS Corporation, a Delaware an Ohio corporation (the “Company”), agrees with the Purchasers listed in the attached Schedule A (the “Purchasers”) to this Note Purchase Agreement (this “Agreement”) you as follows:

Page. SECTION 1. AUTHORIZATION OF NOTES 1 Section 1.1. Description of Notes 1 Section 1.2. Interest Rate 1 SECTION 2. SALE AND PURCHASE OF NOTES 2 Section 2.1. Series A Notes 2 Section 2.2. Additional Series of Notes 2 Section 2.3. Each Series Ranks Pari Passu 3 1 SECTION 3. CLOSING DATE AND FUNDING DATE 4 1 SECTION 4. CONDITIONS TO CLOSING AND FUNDING 4 2 Section 4.1. 4.1 Representations and Warranties 4 2 Section 4.2. 4.2 Performance; No Default 4 2 Section 4.3. 4.3 Compliance Certificates 5 2 Section 4.4. 4.4 Opinions of Counsel 5 2 Section 4.5. 4.5 Purchase Permitted By by Applicable Law, Etc 5 2 Section 4.6. Sale of Other Notes 5 4.6 Related Transactions 3 Section 4.7. 4.7 Payment of Special Counsel Fees 6 3 Section 4.8. 4.8 Private Placement Number 6 3 Section 4.9. 4.9 Changes in Corporate Structure 6 3 Section 4.10. 4.10 Funding Instructions 6 3 Section 4.11. 4.11 Proceedings and Documents 6 3 SECTION 5. REPRESENTATIONS AND WARRANTIES OF THE COMPANY 6 4 Section 5.1. 5.1 Organization; Power and Authority 6 4 Section 5.2. 5.2 Authorization, Etc 6 4 Section 5.3. 5.3 Disclosure 7 4 Section 5.4. 5.4 Organization and Ownership of Shares of Subsidiaries; Affiliates 7 5 Section 5.5. 5.5 Financial Statements; Material Liabilities 8 Statements 5 Section 5.6. 5.6 Compliance with Laws, Other Instruments, Etc 8 5 Section 5.7. 5.7 Governmental Authorizations, Etc 8 6 Section 5.8. 5.8 Litigation; Observance of Agreements, Statutes and Orders 8 6 Section 5.9. 5.9 Taxes 9 6 Section 5.10. 5.10 Title to Property; Leases 9 7 Section 5.11. 5.11 Licenses, Permits, Etc 9 7 Section 5.12. 5.12 Compliance with ERISA 10 Section 5.13. Private Offering by the Company 11 Section 5.14. Use of Proceeds; Margin Regulations 11 Section 5.15. Existing Debt; Future Liens 11 Section 5.16. Foreign Assets Control Regulations, Etc 12 Section 5.17. Status under Certain Statutes 12 Section 5.18. Environmental Matters 12 Section 5.19. Notes Rank Pari Passu 13 SECTION 6. REPRESENTATIONS OF THE PURCHASER 13 Section 6.1. Purchase for Investment 13 Section 6.2. Accredited Investor 13 Section 6.3. Source of Funds 13 SECTION 7. INFORMATION AS TO COMPANY 15 Section 7.1. Financial and Business Information 15 Section 7.2. Officer’s Certificate 18 Section 7.3. Visitation 18 SECTION 8. PAYMENT OF THE NOTES 18 Section 8.1. Required Prepayments 18 Section 8.2. Optional Prepayments with Make-Whole Amount 19 Section 8.3. Allocation of Partial Prepayments 19 Section 8.4. Maturity; Surrender, Etc. 19 Section 8.5. Purchase of Notes 20 Section 8.6. Make-Whole Amount for the Series A Notes 20 SECTION 9. AFFIRMATIVE COVENANTS 21 Section 9.1. Compliance with Law 21 Section 9.2. Insurance 21 Section 9.3. Maintenance of Properties 22 Section 9.4. Payment of Taxes and Claims 22 Section 9.5. Corporate Existence, Etc 22 Section 9.6. Designation of Subsidiaries 22 Section 9.7. Notes to Rank Pari Passu 23 Section 9.8. Additional Subsidiary Guarantors 23 Section 9.9. Books and Records 24 SECTION 10. NEGATIVE COVENANTS 24 Section 10.1. Consolidated Net Worth 24 Section 10.2. Consolidated Debt to Consolidated Total Capitalization 24 Section 10.3. Interest Coverage Ratio 24 Section 10.4. Priority Debt 24 Section 10.5. Limitation on Liens 24 Section 10.6. Sales of Asset 26 Section 10.7. Merger and Consolidation 27 Section 10.8. Restrictions on Investments 28 Section 10.9. Transactions with Affiliates 28 Section 10.10. Terrorism Sanctions Regulations 28 SECTION 11. EVENTS OF DEFAULT 28 SECTION 12. REMEDIES ON DEFAULT, ETC 31 Section 12.1. Acceleration 31 Section 12.2. Other Remedies 31 Section 12.3. Rescission 31 Section 12.4. No Waivers or Election of Remedies, Expenses, Etc 32 SECTION 13. REGISTRATION; EXCHANGE; SUBSTITUTION OF NOTES 32 Section 13.1. Registration of Notes 32 Section 13.2. Transfer and Exchange of Notes 32 Section 13.3. Replacement of Notes 33 Section 13.4. Prohibition on Transfer to a Competitor 33 SECTION 14. PAYMENTS ON NOTES 34 Section 14.1. Place of Payment 34 Section 14.2. Home Office Payment 34 SECTION 15. EXPENSES, ETC 34 Section 15.1. Transaction Expenses 34 Section 15.2. Survival 35 SECTION 16. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT 35 SECTION 17. AMENDMENT AND WAIVER 35 Section 17.1. Requirements 35 Section 17.2. Solicitation of Holders of Notes 36 Section 17.3. Binding Effect, Etc 37 Section 17.4. Notes Held by Company, Etc 37 SECTION 18. NOTICES 37 SECTION 19. REPRODUCTION OF DOCUMENTS 38 SECTION 20. CONFIDENTIAL INFORMATION 38 SECTION 21. SUBSTITUTION OF PURCHASER 39 SECTION 22. MISCELLANEOUS 40 Section 22.1. Successors and Assigns 40 Section 22.2. Payments Due on Non-Business Days 40 Section 22.3. Accounting Terms 40 Section 22.4. Severability 40 Section 22.5. Construction 40 Section 22.6. Counterparts 40 Section 22.7. Governing Law 41 Section 22.8. Jurisdiction and Process; Waiver of Jury Trial 41 SCHEDULE A — INFORMATION RELATING TO PURCHASERS SCHEDULE B — DEFINED TERMS SCHEDULE 4.9 — Changes in Corporate Structure SCHEDULE 5.4 — Subsidiaries of the Company, Ownership of Subsidiary Stock, Affiliates SCHEDULE 5.5 — Financial Statements SCHEDULE 5.8 — Disclosure of Certain Litigation SCHEDULE 5.11 — Licenses, Permits, Etc. SCHEDULE 5.15 — Existing Debt SCHEDULE 5.18 — Disclosure of Certain Environmental Matters SCHEDULE 10.5 — Existing Liens EXHIBIT 1(a) — Form of 5.69% Series 2005-A Senior Notes, due November 1, 2018 EXHIBIT 4.4(a) — Form of Opinion of General Counsel to the Company EXHIBIT 4.4(b) — Form of Opinion of Special Counsel to the Company EXHIBIT 4.4(c) — Form of Opinion of Special Counsel to the Purchasers EXHIBIT S — Form of Supplement to Note Purchase Agreement EXHIBIT 8.8(b) — Form of Opinion of Special Counsel to the Company STEPAN COMPANY ▇▇▇▇▇ AND ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ $40,000,000 5.69% SERIES 2005-A SENIOR NOTES, DUE NOVEMBER 1, 2018 TO THE PURCHASERS LISTED IN THE ATTACHED SCHEDULE A: Ladies and Gentlemen: STEPAN COMPANY, a Delaware corporation (the “Company”), agrees with the Purchasers listed in the attached Schedule A (the “Purchasers”) to this Note Purchase Agreement (this “Agreement”) as follows: