Third Supplemental Indenture


 Exhibit 4.7 
  

 
  

CHESAPEAKE ENERGY CORPORATION 
 and 
 the Subsidiary Guarantors named herein 

 
  

6.875% SENIOR NOTES DUE 2018 
 AND 
 6.625% SENIOR NOTES DUE 2020 

 
  

THIRD SUPPLEMENTAL INDENTURE 
 DATED AS OF DECEMBER 13, 2010 
  

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

 
  






 THIS THIRD SUPPLEMENTAL INDENTURE, dated as of December 13, 2010, is among Chesapeake
Energy Corporation, an Oklahoma corporation (the “Company”), each of the parties identified under the caption “Subsidiary Guarantors” on the signature page hereto (the “Subsidiary Guarantors”) and The Bank
of New York Mellon Trust Company, N.A., as Trustee. 
 RECITALS 

WHEREAS, the Company, the Subsidiary Guarantors a party thereto, and the Trustee entered into an Indenture, dated as of August 2,
2010, as supplemented prior to the date hereof (the “Indenture”), pursuant to which the Company has originally issued $600,000,000 in principal amount of 6.875% Senior Notes due 2018 and $1,400,000,000 in principal amount of 6.625% Senior
Notes due 2020 (the “Notes”); 
 WHEREAS, Section 9.01(7) of the Indenture provides that the Company, the
Subsidiary Guarantors and the Trustee may amend or supplement the Indenture without notice to or consent of any Holder to reflect the addition of any Subsidiary Guarantor, as provided for in the Indenture; 

WHEREAS, the Board of Directors of the Company has designated Chesapeake VRT, L.L.C., an Oklahoma limited liability company (“CHK
VRT”), EMLP, L.L.C., an Oklahoma limited liability company (“EMLP”), Empress, L.L.C., an Oklahoma limited liability company (“Empress”), LA Land Acquisition Corporation, a Delaware corporation (“LA Land”), Northern
Michigan Exploration Company, L.L.C., a Michigan limited liability company (“Northern Michigan”), and Winter Moon Energy Company, L.L.C., an Oklahoma limited liability company (“Winter Moon”), as Subsidiary Guarantors of the
Company; and 
 WHEREAS, all acts and things prescribed by the Indenture, by law and by the charter and the bylaws (or
comparable constituent documents) of the Company, of the Subsidiary Guarantors and of the Trustee necessary to make this Third Supplemental Indenture a valid instrument legally binding on the Company, the Subsidiary Guarantors and the Trustee, in
accordance with its terms, have been duly done and performed; 
 NOW, THEREFORE, to comply with the provisions of the Indenture
and in consideration of the above premises, the Company, the Subsidiary Guarantors and the Trustee covenant and agree for the equal and proportionate benefit of the respective Holders of the Notes as follows: 

ARTICLE 1 

Section 1.01. This Third Supplemental Indenture is supplemental to the Indenture and does and shall be deemed to form a part
of, and shall be construed in connection with and as part of, the Indenture for any and all purposes. 

Section 1.02. This Third Supplemental Indenture shall become effective immediately upon its execution and delivery by each of
the Company, the Subsidiary Guarantors and the Trustee. 
 ARTICLE 2 

Section 2.01. From this date, in accordance with Section 10.04 of the Indenture and by executing this Third Supplemental
Indenture, CHK VRT, EMLP, Empress, LA Land, Northern Michigan and Winter Moon are subject to the provisions of the Indenture as Subsidiary Guarantors to the extent provided for in Article Ten thereunder. 

  
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 ARTICLE 3 
 Section 3.01. Except as specifically modified herein, the Indenture and the Notes are in all respects ratified and confirmed (mutatis mutandis) and shall remain in full force and effect
in accordance with their terms with all capitalized terms used herein without definition having the same respective meanings ascribed to them as in the Indenture. 
 Section 3.02. Except as otherwise expressly provided herein, no duties, responsibilities or liabilities are assumed, or shall be construed to be assumed, by the Trustee by reason of this Third
Supplemental Indenture. This Third Supplemental Indenture is executed and accepted by the Trustee subject to all the terms and conditions set forth in the Indenture with the same force and effect as if those terms and conditions were repeated at
length herein and made applicable to the Trustee with respect hereto. The Trustee makes no representations as to the validity or sufficiency of this Third Supplemental Indenture. The recitals and statements herein are deemed to be those of the
Company and Subsidiary Guarantors and not of the Trustee. 
 Section 3.03. The Company hereby notifies the Trustee
that CHK VRT, EMLP, Empress, LA Land, Northern Michigan and Winter Moon have been designated by the Board of Directors of the Company as Subsidiary Guarantors (as that term is defined in the Indenture). 

Section 3.04. THE LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE AND ENFORCE THIS THIRD SUPPLEMENTAL
INDENTURE. 
 Section 3.05. The parties may sign any number of copies of this Third Supplemental Indenture. Each
signed copy shall be an original, but all of such executed copies together shall represent the same agreement. 
 [SIGNATURE
PAGES FOLLOW] 

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

	
	
	/s/ Jennifer M. Grigsby
	Jennifer M. Grigsby
	  
 Senior Vice President, Treasurer & Corporate
Secretary of the Company and of the Subsidiaries listed below:
  

Corporate Subsidiaries:
  

CHESAPEAKE ENERGY LOUISIANA CORPORATION

CHESAPEAKE ENERGY MARKETING, INC.
 DIAMOND Y
ENTERPRISE, INCORPORATED
 GENE D. YOST & SON, INC.
 LA LAND ACQUISITION CORPORATION
  
 CHESAPEAKE OPERATING, INC.,
 On behalf of itself, and as general partner of the following limited
partnership:
  
 CHESAPEAKE LOUISIANA, L.P.

 
 Limited Liability Company Subsidiaries:

 
 CARMEN ACQUISITION, L.L.C.
 CHESAPEAKE AEZ EXPLORATION, L.L.C.
 CHESAPEAKE APPALACHIA, L.L.C.

CHESAPEAKE-CLEMENTS ACQUISITION, L.L.C.
 CHESAPEAKE EXPLORATION, L.L.C.
 CHESAPEAKE LAND
DEVELOPMENT COMPANY, L.L.C.
 CHESAPEAKE PLAZA, L.L.C.

CHESAPEAKE ROYALTY, L.L.C.

CHESAPEAKE VRT, L.L.C.

CHK HOLDINGS, L.L.C.,

COMPASS MANUFACTURING, L.L.C.

EMPRESS, L.L.C.
 GOTHIC PRODUCTION, L.L.C.
 GREAT PLAINS OILFIELD RENTAL,
L.L.C.
 HAWG HAULING & DISPOSAL, LLC

HODGES TRUCKING COMPANY, L.L.C.

MC LOUISIANA MINERALS, L.L.C.

	 MC MINERAL COMPANY, L.L.C.

MIDCON COMPRESSION, L.L.C.

NOMAC DRILLING, L.L.C.




  
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	 NORTHERN MICHIGAN EXPLORATION COMPANY, L.L.C.

VENTURA REFINING AND TRANSMISSION, LLC

WINTER MOON ENERGY COMPANY, L.L.C.

 
 EMLP, L.L.C.,

On behalf of itself, and as general partner of the following limited partnership:

 
 EMPRESS LOUISIANA PROPERTIES,
L.P.




  
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	TRUSTEE:
	
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
		
	By:	 	/s/ Linda Garcia
	Name:	 	Linda Garcia
	Title:	 	Vice President



  
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