exv4w1



 




Exhibit
4.1





FIRST SUPPLEMENTAL INDENTURE




to




INDENTURE




Dated as of April 12, 2006




among




BASIC ENERGY SERVICES, INC.




as Issuer,




The GUARANTORS named therein




and




THE BANK OF NEW YORK TRUST COMPANY, N.A.




as Trustee




 






7.125% Senior Notes due 2016, Series A

7.125% Senior Notes due 2016, Series B





 









 








FIRST SUPPLEMENTAL INDENTURE




     SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of July 14, 2006,
among Globe Well Service, Inc., a Texas corporation, and SCH Disposal, L.L.C., a Texas limited
liability company (collectively, the “New Guarantors”), each a subsidiary of Basic Energy
Services, Inc. (or its successor), a Delaware corporation (the “Issuer”), the Guarantors
(the “Existing Guarantors”) under the Indenture referred to below, and The Bank of New York
Trust Company, N.A., as trustee under the Indenture referred to below (the “Trustee”).



W I T N E S S E T H :




     WHEREAS the Issuer has heretofore executed and delivered to the Trustee an Indenture (as such
may be amended from time to time, the “Indenture”), dated as of April 12, 2006 providing
for the issuance of its 7.125% Senior Notes due 2016 (the “Notes”);



     WHEREAS under certain circumstances the Issuer is required to cause the New Guarantors to
execute and deliver to the Trustee a supplemental indenture pursuant to which the New Guarantors
shall unconditionally guarantee all of the Issuer’s obligations under the Notes pursuant to a Note
Guarantee on the terms and conditions set forth herein; and



     WHEREAS pursuant to Section 8.01 of the Indenture, the Trustee, the Issuer and the Existing
Guarantors are authorized to execute and deliver this Supplemental Indenture;



     NOW THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the New Guarantors, the Issuer, the
Existing Guarantors and the Trustee mutually covenant and agree for the equal and ratable benefit
of the Holders as follows:



     1. Definitions. (a) Capitalized terms used herein without definition shall have the
meanings assigned to them in the Indenture.



     (b) For all purposes of this Supplemental Indenture, except as otherwise herein expressly
provided or unless the context otherwise requires: (i) the terms and expressions used herein shall
have the same meanings as corresponding terms and expressions used in the Indenture; and (ii) the
words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental
Indenture refer to this Supplemental Indenture as a whole and not to any particular section hereof.



     2. Agreement to Guarantee. Each New Guarantor hereby agrees, jointly and severally
with all other Guarantors, to guarantee the Issuer’s obligations under the Notes on the terms and
subject to the conditions set forth in Article 10 of the Indenture and to be bound by all other
applicable provisions of the Indenture. From and after the date hereof, each New Guarantor shall
be a Guarantor for all purposes under the Indenture and the Notes.



 









 





     3. Ratification of Indenture; Supplemental Indentures Part of Indenture. Except as
expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the
terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental
Indenture shall form a part of the Indenture for all purposes, and every Holder heretofore or
hereafter authenticated and delivered shall be bound hereby.



     4. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.



     5. Trustee Makes No Representation. The Trustee shall not be responsible in any manner
whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for
or in respect of the recitals contained herein, all of which are made solely by the Issuer.



     6. Multiple Counterparts. The parties may sign multiple counterparts of this
Supplemental Indenture. Each signed counterpart shall be deemed an original, but all of them
together represent one and the same agreement.



     7. Headings. The headings of this Supplemental Indenture have been inserted for
convenience of reference only, are not to be considered a part hereof, and shall in no way modify
or restrict any of the terms or provisions hereof.



[Signatures on following pages]




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     IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed as of the date and year first above written.



	 	 	 	 	 
	 
	 	 	 	 
	 	 	BASIC ENERGY SERVICES, INC.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Kenneth V. Huseman
	 

	 	 	 	 
	 

	 	Name:
	 	Kenneth V. Huseman
	 

	 	Title:
	 	President and Chief Executive Officer
	 
	 	 	 	 
	 	 	NEW GUARANTORS:
	 
	 	 	 	 
	 	 	GLOBE WELL SERVICE, INC.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Kenneth V. Huseman
	 

	 	 	 	 
	 

	 	Name:
	 	Kenneth V. Huseman
	 

	 	Title:
	 	President
	 
	 	 	 	 
	 	 	SCH DISPOSAL, L.L.C.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Kenneth V. Huseman
	 

	 	 	 	 
	 

	 	Name:
	 	Kenneth V. Huseman
	 

	 	Title:
	 	President
	 
	 	 	 	 
	 	 	EXISTING GUARANTORS:
	 
	 	 	 	 
	 	 	BASIC ENERGY SERVICES GP, LLC
	 	 	BASIC ENERGY SERVICES, L.P.
	 	 	By: BASIC ENERGY SERVICES GP, LLC, its General Partner
	 	 	BASIC ESA, INC.
	 	 	BASIC MARINE SERVICES, INC.
	 	 	ENERGY AIR DRILLING SERVICE CO, INC.
	 	 	FESCO ALASKA, INC.
	 	 	FIRST ENERGY SERVICES COMPANY
	 	 	H.B. & R., INC.
	 	 	LEBUS OIL FIELD SERVICE CO.
	 	 	OILWELL FRACTURING SERVICES, INC.
	 	 	R&R HOT OIL SERVICE, INC.
	 	 	WESTERN OIL WELL SERVICE CO.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Kenneth V. Huseman
	 

	 	 	 	 
	 

	 	Name:
	 	Kenneth V. Huseman
	 

	 	Title:
	 	President






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	 	 	BASIC ENERGY SERVICES LP, LLC
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Scott Kinnamon
	 

	 	 	 	 
	 

	 	Name:
	 	Scott Kinnamon
	 

	 	Title:
	 	President






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	 	 	THE BANK OF NEW YORK TRUST COMPANY, N.A., as Trustee
	 
	 	 	 	 
	 

	 	By:	 	/s/ John C. Stohlmann
	 

	 	 	 	 
	 

	 	Name:	 	John C. Stohlmann
	 

	 	Title:	 	Vice President






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