EX-4.1


 Exhibit 4.1 

 
  

 
 INERGY MIDSTREAM, L.P.,

 NRGM FINANCE CORP., 
 THE GUARANTORS NAMED ON THE SIGNATURE PAGES HEREOF, 
 AND 

U.S. BANK NATIONAL ASSOCIATION, 
 as Trustee 
  

 
 Second
Supplemental Indenture 
 dated as of May 22, 2013 

to 
 Indenture

 dated as of December 7, 2012 
 6.0% Senior Notes due 2020 
  

 
  






 THIS SECOND SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated
as of May 22, 2013, is by and among Inergy Midstream, L.P., a Delaware limited partnership (the “Company”), NRGM Finance Corp., a Delaware corporation (the “Co-Issuer” and, together with the Company, the
“Issuers”), the Guarantors (as defined in the Indenture referred to herein), and U.S. Bank National Association, as trustee (the “Trustee”). 
 RECITALS OF THE ISSUERS 
 WHEREAS, the Issuers, the Guarantors and the Trustee are
parties to that certain Indenture dated as of December 7, 2012 (the “Original Indenture”), and the Original Indenture has been amended and supplemented by the First Supplemental Indenture dated as of January 18, 2013 (the
Original Indenture, as so amended and supplemented, the “Indenture”) relating to the Issuers’ 6.0% Senior Notes due 2020 (the “Notes”); 
 WHEREAS, $500,000,000 aggregate principal amount of Notes are currently outstanding; 
 WHEREAS, Section 9.02 of the Indenture provides that, with the consent of the Holders of a majority in principal amount of the then outstanding Notes, the Issuers, the Guarantors and the Trustee may
enter into an indenture supplemental to the Indenture for the purpose of amending or supplementing the Indenture (subject to certain exceptions); 
 WHEREAS, the Issuers desire and have requested the Trustee to join with them and the Guarantors in entering into this Supplemental Indenture for the purpose of amending the Indenture in certain respects
as permitted by Section 9.02 of the Indenture; 
 WHEREAS, the Company has solicited consents to the amendment set forth in
this Supplemental Indenture upon the terms and subject to the conditions set forth in its Consent Solicitation Statement (herein so called) dated May 14, 2013 and the related Letter of Consent; and 

WHEREAS, (1) the Company has received consents to such amendment from the Holders of a majority in principal amount of the
outstanding Notes, all as certified by an Officers’ Certificate delivered to the Trustee simultaneously with the execution and delivery of this Supplemental Indenture, (2) the Company has delivered to the Trustee simultaneously with the
execution and delivery of this Supplemental Indenture an Opinion of Counsel relating to this Supplemental Indenture as contemplated by Section 9.06 of the Indenture and (3) the Issuers and the Guarantors have satisfied all other conditions
required under Article 9 of the Indenture to enable the Issuers, the Guarantors and the Trustee to enter into this Supplemental Indenture. 
 NOW, THEREFORE, in consideration of the above premises, each party hereby agrees, for the benefit of the others and for the equal and ratable benefit of the Holders of the Notes, as follows: 






 ARTICLE 1 
 AMENDMENT TO THE INDENTURE 
 SECTION 1.01 Amendment to
Section 1.01. 
 (a) The final paragraph of the definition of “Change of Control” in Section 1.01 of
the Indenture is hereby amended to read as follows: 
 Notwithstanding the preceding, (i) the consummation of any of the
Crestwood-Inergy Combination Transactions shall be deemed not to constitute or result in a Change of Control regardless of any Rating Decline subsequent thereto and (ii) a conversion of the Company or any of its Restricted Subsidiaries from a
limited partnership, corporation, limited liability company or other form of entity to a limited partnership, corporation, limited liability company or other form of entity or an exchange of all of the outstanding Equity Interests in one form of
entity for Equity Interests for another form of entity shall not constitute a Change of Control, so long as following such conversion or exchange the “persons” (as that term is used in Section 13(d)(3) of the Exchange Act) who
Beneficially Owned the Capital Stock of the Company immediately prior to such transactions continue to Beneficially Own in the aggregate more than 50% of the Voting Stock of such entity, or continue to Beneficially Own sufficient Equity Interests in
such entity to elect a majority of its directors, managers, trustees or other persons serving in a similar capacity for such entity or its general partner, as applicable, and, in either case no “person”, excluding any Qualifying Owner,
Beneficially Owns more than 50% of the Voting Stock of such entity. 
 (b) The following definition is hereby added to
Section 1.01 of the Indenture and is hereby inserted in alphabetical order among the other definitions in such Section: 

“Inergy-Crestwood Combination Transactions” means the transactions contemplated by the following agreements:
(i) Agreement and Plan of Merger dated as of May 5, 2013, by and among Crestwood Midstream Partners LP, Crestwood Gas Services GP LLC, Crestwood Holdings LLC, Inergy Midstream, L.P., NRGM GP, LLC, Inergy, L.P. and Intrepid Merger Sub, LLC;
(ii) Contribution Agreement dated as of May 5, 2013, by and among Crestwood Gas Services Holdings LLC, Crestwood Holdings LLC, Inergy, L.P. and Inergy GP, LLC; (iii) Follow-On Contribution Agreement dated May 5, 2013, by and
among Crestwood Gas Services GP LLC, Crestwood Holdings LLC, Inergy, L.P. and Inergy GP, LLC and (iv) Purchase and Sale Agreement dated May 5, 2013, by and among Crestwood Gas Services Holdings LLC, Crestwood Holdings LLC, NRGP Limited
Partner, LLC and Inergy Holdings GP, LLC. 
 ARTICLE 2 

MISCELLANEOUS 
 SECTION 2.01 Defined Terms. 
 For all purposes of this
Supplemental Indenture, except as otherwise defined or unless the context otherwise requires, terms used in capitalized form in this Supplemental Indenture and defined in the Indenture have the meanings specified in the Indenture. 

  
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 SECTION 2.02 Indenture. 

Except as amended hereby, the Indenture and the Notes are in all respects ratified and confirmed and all the terms shall remain in full
force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered under the Indenture shall be bound hereby and all terms and conditions
of both shall be read together as though they constitute a single instrument, except that in the case of conflict the provisions of this Supplemental Indenture shall control. 
 SECTION 2.03 Governing Law. 
 THIS SUPPLEMENTAL INDENTURE
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 2.04
Successors. 
 All agreements of the Issuers and the Guarantors in this Supplemental Indenture and the Notes
shall bind their respective successors. All agreements of the Trustee in this Supplemental Indenture shall bind its successors. 

SECTION 2.05 Duplicate Originals. 
 All parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together shall represent the same agreement. It is the express intent of
the parties to be bound by the exchange of signatures on this Supplemental Indenture via telecopy or other form of electronic transmission. 
 SECTION 2.06 Severability. 
 In case any one or more of the
provisions in this Supplemental Indenture shall be held invalid, illegal or unenforceable, in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions shall
not in any way be affected or impaired thereby, it being intended that all of the provisions hereof shall be enforceable to the full extent permitted by law. 
 SECTION 2.07 Trustee Disclaimer. 
 The Trustee accepts the
amendments of the Indenture effected by this Supplemental Indenture and agrees to execute the trust created by the Indenture as hereby amended, but on the terms and conditions set forth in the Indenture, including the terms and provisions defining
and limiting the liabilities and responsibilities of the Trustee, which terms and provisions shall in like manner define and limit its liabilities and responsibilities in the performance of the trust created by the Indenture as hereby amended, and
without limiting the generality of the foregoing, the Trustee shall not be responsible in any manner whatsoever for or with respect to any of the recitals or statements contained herein, all of which recitals or statements are made solely by the
Issuers and the Guarantors, and the Trustee makes no representation with respect to any such matters. Additionally, the Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture. 

  
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 SECTION 2.08 Effectiveness. 

The provisions of this Supplemental Indenture shall be effective only upon execution and delivery of this instrument by the parties
hereto. Notwithstanding the foregoing sentence, the provisions of this Supplemental Indenture shall become operative only upon the payment by the Company, pursuant to the Tender Offer, of the Consent Fee (as defined in the Consent Solicitation
Statement), with the result that the amendments to the Indenture effected by this Supplemental Indenture shall be deemed to be revoked retroactive to the date hereof if such payment shall not occur. The Company shall notify the Trustee promptly
after the occurrence of such payment or promptly after the Company shall determine that such payment will not occur. 

SECTION 2.09 Effect of Headings. 
 The Section headings herein are for convenience only and shall not affect the construction thereof. 
 [Signature Pages Follow] 

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

			
	INERGY MIDSTREAM, L.P.
		
	By:	 	NRGM GP, LLC,
		 	its general partner
		
	By:	 	/s/ Laura L. Ozenberger
	Laura L. Ozenberger
	Senior Vice President, General Counsel and Secretary
	
	NRGM FINANCE CORP.
		
	By:	 	/s/ Laura L. Ozenberger
	Laura L. Ozenberger
	Senior Vice President, General Counsel and Secretary
	
	GUARANTORS
	
	FINGER LAKES LPG STORAGE, LLC
	CENTRAL NEW YORK OIL AND GAS COMPANY,
L.L.C.
	INERGY STORAGE, INC.
	INERGY PIPELINE EAST, LLC
	INERGY GAS MARKETING, LLC
	ARLINGTON STORAGE COMPANY, LLC
	US SALT, LLC
	INERGY CRUDE LOGISTICS, LLC
	INERGY TERMINALS, LLC
	INERGY DAKOTA PIPELINE, LLC
	INERGY MIDSTREAM OPERATIONS, LLC
		
	By:	 	/s/ Laura L. Ozenberger
	Laura L. Ozenberger
	Senior Vice President, General Counsel and Secretary



  
 Signature
Page to Second Supplemental Indenture 







 
			
	U.S. BANK NATIONAL ASSOCIATION,
	AS TRUSTEE
		
	By:	 	/s/ Raymond S. Haverstock
	Raymond S. Haverstock
	Vice President



  
 Signature
Page to Second Supplemental Indenture