exhibit4pnt1.htm


 


Exhibit 4.1


 


 




 


COMSTOCK RESOURCES, INC.,







COMSTOCK AIR MANAGEMENT, LLC







GUARANTORS







NAMED HEREIN







and







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







Trustee







_________________________







FIFTH SUPPLEMENTAL INDENTURE







dated as of April 30, 2010







to







INDENTURE







dated as of February 25, 2004







_________________________












6-7/8% Senior Notes due 2012


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 










  





  











  













THIS FIFTH SUPPLEMENTAL INDENTURE dated as of April 30, 2010 (as originally executed and as it may from time to time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, this “Fifth Supplemental Indenture”), is among COMSTOCK RESOURCES, INC., a Nevada corporation (hereinafter called the “Company”), COMSTOCK AIR MANAGEMENT, LLC, a Nevada limited liability company (the “New Subsidiary”), the GUARANTORS (as defined in the Indenture) and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as successor in interest to THE BANK OF NEW YORK TRUST COMPANY, N.A., as Trustee (hereinafter called the “Trustee”).  Capitalized terms used herein but not otherwise defined shall have the meanings ascribed to them in the Indenture (as defined below).


 


RECITALS OF THE COMPANY







WHEREAS, the Company, the Guarantors and the Trustee entered into an Indenture dated as of February 25, 2004 (the “Original Indenture”), as the same was amended and supplemented by that certain First Supplemental Indenture dated as of February 25, 2004 (the “First Supplemental Indenture”), and by that certain Second Supplemental Indenture dated as of March 11, 2004 (the “Second Supplemental Indenture”), and by that certain Third Supplemental Indenture dated July 16, 2004 (the “Third Supplemental Indenture”) and by that certain Fourth Supplemental Indenture dated May 20, 2005 (the “Fourth Supplemental Indenture,” and together with the Original Indenture, the First Supplemental Indenture, the Second Supplemental Indenture and the Third Supplemental Indenture, the “Indenture”), providing for the issuance by the Company from time to time, and the establishment of the terms of, the Company’s 6-7/8% Senior Notes due 2012;


 


WHEREAS, the Company formed the New Subsidiary pursuant to Articles of Organization filed in the Office of the Secretary of State of Nevada on March 2, 2010 and an Operating Agreement entered into as of March 3, 2010 (“Original Agreement”);


 


WHEREAS, the Company admitted M. Jay Allison and Roland O. Burns as members of the New Subsidiary (the “Members”), effective as of April 26, 2010, and the Members amended and restated the Original Agreement in its entirety (the “A&R Operating Agreement”);


 


WHEREAS, the business of the New Subsidiary is (i) to acquire the aircraft described on Exhibit A attached to the A&R Operating Agreement (the “Aircraft”), own, lease, finance, sell or otherwise dispose of the Aircraft, and (ii) to do any and all acts or things incidental to carry on the business of the New Subsidiary as set forth in clause (i) above;


 


WHEREAS, the Indenture provides that any Subsidiary may be designated an Unrestricted Subsidiary by the Board of Directors; and


 


WHEREAS, the New Subsidiary satisfies all of the requirements of the definition of “Unrestricted Subsidiary” as provided in the First Supplemental Indenture.


 


NOW, THEREFORE, for the purposes stated herein and for and in consideration of the premises and covenants contained in the Indenture and in this Fifth Supplemental Indenture and for other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, it is mutually covenanted and agreed as follows:


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




  





  











  






 


 


 


ARTICLE I


 


Section 1.1 Designation of Unrestricted Subsidiary.  From the date of this Fifth Supplemental Indenture, the New Subsidiary is hereby designated an “Unrestricted Subsidiary” and accordingly shall have no obligations under the Indenture, as permitted by the terms and conditions set forth in the definition of “Unrestricted Subsidiary” in the First Supplemental Indenture.


 


ARTICLE II


 


Section 2.1 Ratification of Indenture.  As supplemented by this Fifth Supplemental Indenture, the Indenture is in all respects ratified and confirmed, and the Indenture as supplemented by this Fifth Supplemental Indenture shall be read, taken and construed as one and the same instrument.


 


Section 2.2 Conflict with Trust Indenture Act.  If any provision hereof limits, qualifies or conflicts with another provision hereof which is required to be included in this Fifth Supplemental Indenture by any provision of the Trust Indenture Act, such required provisions shall control.


 


Section 2.3 Counterparts.  This Fifth Supplemental Indenture may be executed in any number of counterparts, each of which shall be an original; but such counterparts shall together constitute but one and the same instrument.


 


Section 2.4 Governing Law.  This Fifth Supplemental Indenture and the Guarantees contained herein shall be governed by, and construed and enforced in accordance with, the laws of the State of New York but without giving effect to applicable principles of conflicts of law to the extent that the application of the laws of another jurisdiction would be required thereby.


 







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


 


COMPANY:







COMSTOCK RESOURCES, INC.












By: /s/  ROLAND O. BURNS


Roland O. Burns


Senior Vice President, Chief Financial Officer, 


Secretary and Treasurer












GUARANTORS:







COMSTOCK OIL & GAS, LP












By: /s/  ROLAND O. BURNS


Roland O. Burns


Senior Vice President, Chief Financial Officer, 


Secretary and Treasurer of Comstock 


Resources, Inc., a Nevada corporation, acting 


in its capacity as the sole member of Comstock 


Oil & Gas GP, LLC, a Nevada limited liability 


company, and as the sole member of such entity, 


acting on behalf of such entity in such entity’s 


capacity as the sole general partner of 


Comstock Oil & Gas, LP, a Nevada limited 


partnership







COMSTOCK OIL & GAS HOLDINGS, INC.












By: /s/  ROLAND O. BURNS


      Roland O. Burns


Senior Vice President, Chief Financial Officer, 


Secretary and Treasurer

















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COMSTOCK OIL & GAS-LOUISIANA, LLC












By: :/s/  ROLAND O. BURNS


Roland O. Burns


Manager, Senior Vice President, Chief Financial Officer, Secretary and Treasurer












COMSTOCK OIL & GAS GP, LLC












By: /s/  ROLAND O. BURNS


Roland O. Burns


Senior Vice President, Chief Financial Officer, Secretary and Treasurer of Comstock Resources, Inc., a Nevada corporation, acting on behalf of such entity in its capacity as the sole member of Comstock Oil & Gas GP, LLC












COMSTOCK OIL & GAS INVESTMENTS, LLC












By: /s/  ROLAND O. BURNS


Roland O. Burns


Manager



























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UNRESTRICTED SUBSIDIARY:







COMSTOCK AIR MANAGEMENT, LLC












By: /s/  ROLAND O. BURNS


      Roland O. Burns


      Manager

















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TRUSTEE:







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












By: /s/ JULIE HOFFMAN-RAMOS                     


Name: Julie Hoffman-Ramos         


Title: Senior Associate


 




 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




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