Document:

exh_49.htm

Exhibit 4.9

 

FOURTH SUPPLEMENTAL INDENTURE

 Fourth Supplemental Indenture (this “Supplemental Indenture”), dated as of March 16, 2012, among STRM, LLC, a Colorado limited liability company (the “Guaranteeing Subsidiary”), an indirect subsidiary of Global Geophysical Services, Inc. (or its permitted successor), a Delaware corporation (the “Company”), the Company, the other Guarantors (as defined in the Indenture referred to below) and The Bank of New York Mellon 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 Company has heretofore executed and delivered to the Trustee an indenture (as supplemented and amended by the First Supplemental Indenture dated as of September 10, 2010, the Second Supplemental Indenture dated as of November 10, 2010 and the Third Supplemental Indenture dated as of December 9, 2010, the “Indenture”), dated as of April 27, 2010 providing for the issuance of 101⁄2% Senior Notes due 2017 (the “Notes”);

WHEREAS, the Indenture provides that under certain circumstances each guaranteeing subsidiary under the Indenture shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Company's Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Subsidiary Guarantee”); and

WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Fourth Supplemental Indenture.

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

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

2.           Agreement to Guarantee.  The Guaranteeing Subsidiary hereby agrees to provide an unconditional Guarantee on the terms and subject to the conditions set forth in the Subsidiary Guarantee and in the Indenture including but not limited to Article 10 thereof.

3.           No Recourse Against Others. No director, officer, employee, manager, incorporator, member, partner or stockholder or other owner of Capital Stock of the Company or any of its Subsidiaries, as such, shall have any liability for any obligations of the Company or any Guarantor under the Notes, the Subsidiary Guarantees or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of a Note by accepting the Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. Such waiver may not be effective to waive liabilities under the federal securities laws, and it is the view of the SEC that such a waiver is against public policy.

  

1

  

4.           NEW YORK LAW TO GOVERN.  THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE 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.

5.           Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.

6.           Effect of Headings.  The Section headings herein are for convenience only and shall not affect the construction hereof.

7.           The Trustee.  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 recitals are made solely by the Guaranteeing Subsidiary, the other Guarantors and the Company.

Signatures on the following page

  

2

  

 

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

 

STRM, LLC

 

as the Guaranteeing Subsidiary

 

 

AUTOSEIS DEVELOPMENT COMPANY

 

and

 

PAISANO LEASE CO., INC.

 

and

 

GLOBAL EURASIA, LLC

 

and

 

GLOBAL MICROSEISMIC SERVICES, INC.

 

and

 

GGS INTERNATIONAL HOLDINGS, INC.

 

and

 

AUTOSEIS, INC.

 

as the other Guarantors

 

 

GLOBAL GEOPHYSICAL SERVICES, INC.

 

as Company

 

All of the above by:

/s/ P. Mathew Verghese

Name: P. Mathew Verghese

Title:   Senior Vice President and

Chief Financial Officer

[Signature Page of Trustee Follows]

  

3

  

IN WITNESS WHEREOF, the Trustee has caused this Supplemental Indenture to be duly executed and attested, all as of the date first above written.

The Bank of New York Mellon Trust Company, N.A., as Trustee

By:           /s/ Julie Hoffman-Ramos

Authorized Signatory

 

 

 

 

 

 

 

 

 

 

4exh_1021.htm

Exhibit 10.21

 

RECORDED DOCUMENT SHOULD BE RETURNED TO:

Bracewell & Giuliani LLP

711 Louisiana

South Tower Pennzoil Place, Suite 2300

Houston, Texas 77002

Attn: Brandie M. Martin

 

	
STATE OF TEXAS

	
§

	
 

	
§

	
COUNTY OF FORT BEND

	
§ 

	
  

	
§

 

AMENDMENT NO. 1 TO DEED OF TRUST, SECURITY AGREEMENT, ASSIGNMENT OF RENTS AND LEASES AND FIXTURE FILING

 

This Amendment No. 1 to the Deed of Trust, Security Agreement, Assignment of Rents and Leases and Fixture Filing dated as of April 30, 2012 (this "Amendment"), is made by and between GLOBAL GEOPHYSICAL SERVICES, INC., a Delaware corporation (the "Debtor"), and BANK OF AMERICA, N.A., as Administrative Agent (the "Administrative Agent"), for the benefit of the Administrative Agent for the holders of the Secured Obligations (as defined in the Deed of Trust referred to below).

 

INTRODUCTION

 

A. The Debtor has entered into that certain Credit Agreement dated as of April 30, 2010 (as amended or otherwise modified from time to time, the "Credit Agreement"), with the Administrative Agent and the financial institutions from time to time party thereto, and in connection therewith, the Debtor entered into that certain Deed of Trust, Security Agreement, Assignment of Rents and Leases and Fixture Filing dated as of April 30, 2010, made by the Debtor to Aaron Roffwarg, an individual, as Trustee (the "Trustee") for the benefit of the Administrative Agent, and filed for record in each of the jurisdictions listed on Annex I hereto (the "Deed of Trust").  Unless otherwise defined in this Amendment, each term used in this Amendment that is defined in the Credit Agreement has the meaning assigned to such term in the Credit Agreement.

 

B. Subsequent to entering into the Deed of Trust, the Debtor acquired a fee interest in additional real property, and Debtor and Administrative Agent desire to amend the Deed of Trust to include such additional real property as part of the Land (as defined in the Deed of Trust) under the Deed of Trust.

 

THEREFORE, in connection with the foregoing and for other good and valuable consideration, the Debtor and the Administrative Agent hereby agree as follows:

 

Section 1. Amendment of Deed of Trust; Reaffirmation.  The Deed of Trust is hereby amended by replacing Exhibit A thereto with the Exhibit A attached hereto.  The Debtor hereby ratifies, confirms, and acknowledges the Liens and security interests granted to the Trustee or the Administrative Agent under the Deed of Trust (as amended by this Amendment), and such Liens and security interests shall continue in full force and effect to secure the payment of the Secured Obligations (as defined in the Deed of Trust), as provided in the Deed of Trust.

 

  

  

  

Section 2. Representations and Warranties.  The Debtor represents and warrants that (a) the execution, delivery, and performance of this Amendment are within the corporate power and authority of the Debtor and have been duly authorized by appropriate proceedings; (b) the Liens under the Deed of Trust and other Collateral Documents are valid and subsisting; (c) this Amendment constitutes legal, valid, and binding obligations of the Debtor enforceable in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting the rights of creditors generally and general principles of equity; and (d) no Event of Default exists.

 

Section 3. Effect on Loan Documents.  Except as amended herein, the Deed of Trust and all other Loan Documents remain in full force and effect as originally executed.  Nothing herein shall act as a waiver of any of the Administrative Agent's or any Lender's rights under the Loan Documents as amended, including the waiver of any default or event of default, however denominated. The Debtor acknowledges and agrees that this Amendment shall in no manner impair or affect the validity or enforceability of the Deed of Trust.  This Amendment is a Loan Document for the purposes of the provisions of the other Loan Documents.  Without limiting the foregoing, any breach of representations, warranties, and covenants under this Amendment may be a default or event of default under other Loan Documents.

 

Section 4. Effectiveness.  This Amendment shall become effective as of the date hereof and the Deed of Trust shall be amended as provided for herein upon the execution and delivery to the Administrative Agent of this Amendment by each of the parties hereto.

 

Section 5. Miscellaneous.  The miscellaneous provisions set forth in Article VIII of the Deed of Trust apply to this Amendment.  This Amendment shall be governed by and construed in accordance with federal law and, to the extent not inconsistent therewith, the laws of the State of Texas without reference to its conflicts-of-laws principles.  This Amendment may be executed in any number of counterparts, each of which will for all purposes be deemed to be an original and all of which, when taken together, shall constitute one contract, and may be executed and delivered by telecopier.

 

THIS WRITTEN AMENDMENT, AND THE LOAN DOCUMENTS, REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.

 

THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

 

[signature pages follow]

 

  

-2-

  

 

EXECUTED on the date of the acknowledgments set forth below, but EFFECTIVE for all purposes as of the date first above written.

 

DEBTOR:

GLOBAL GEOPHYSICAL SERVICES, INC., a Delaware corporation

 

 

By: /s/ P. Mathew Verghese 

Name: P. Mathew Verghese 

Title: Sr. VP and CFO

 

 

	
STATE OF TEXAS

	
§ 

	
 

	

§

	
COUNTY OF FORT BEND

	
§ 

 

 

The foregoing instrument was acknowledged before me on the 30th day of April, 2012, by P. Mathew Verghese, Sr. VP and CFO of Global Geophysical Services, Inc., a Delaware corporation on behalf of said corporation.

 

Notary Public in and for the

State of Texas

[Notarial Seal]                                                                               Printed Name: Teresa Perez Garcia

My Commission Expires: 1/13/2016

 

 

  

Signature Page to Amendment No. 1 to Deed of Trust

(Texas)

  

ADMINISTRATIVE AGENT

 

BANK OF AMERICA, N.A., as Administrative Agent

 

 

By: /s/ DeWayne D. Rosse

Name: DeWayne D. Rosse

Title: Agency Management Officer

 

 

	
STATE OF TEXAS

	
§ 

	
 

	

§

	
COUNTY OF DALLAS

	
§ 

 

 

The foregoing instrument was acknowledged before me on the 18th day of April, 2012, by DeWayne D. Rosse, Officer of Bank of America, N.A., a national banking association, acting on behalf of said bank.

 

 

Notary Public in and for the

State of Texas

[Notarial Seal]                                                                               Printed Name: Antonikia L. Thomas

My Commission Expires:11-28-15

 

  

Signature Page to Amendment No. 1 to Deed of Trust

(Texas)

  

ANNEX I TO AMENDMENT

 

DEED OF TRUST RECORDING INFORMATION

 

	
Jurisdiction

	
Recordation Number

	
Recording Date

	
Fort Bend County, Texas

	
2010041264

	
5/6/10

 

 

 

 

 

  

Annex I to Amendment No. 1 to Deed of Trust

(Texas)

  

EXHIBIT A

 

LEGAL DESCRIPTION OF PREMISES LOCATED AT 13927 SOUTH GESSNER ROAD, MISSOURI CITY, TEXAS 77489

 

FORT BEND COUNTY, TEXAS

 

All of GLOBAL GEOPHYSICAL INDUSTRIAL PARK, a subdivision of 17.5284 acre, as set forth on map or plat thereof recorded under Slide No. 20060274 of the Plat Records of Fort Bend County, Texas.

 

LEGAL DESCRIPTION OF PREMISES LOCATED AT 13927 SOUTH GESSNER ROAD, MISSOURI CITY, TEXAS 77489

 

FORT BEND COUNTY, TEXAS

 

A tract of land containing 48,125 square feet, more or less, out of the B.B.B. & C.R.R. Company Survey, Abstract 117, Fort Bend County, Texas, being out of and a part of GESSNER ROAD COMMERCE PARK, SECTION FOUR, a subdivision in Fort Bend County, Texas, according to the map or plat thereof filed in Slide No. 1380B of the Plat Records of Fort Bend County, Texas, being the northwesterly 125 feet of Unrestricted Reserve "C", in Block One (1), of said GESSNER ROAD COMMERCE PARK, SECTION, FOUR, and being 125 feet (as measured along its northeasterly line) by 385 feet (as measured along its northwesterly line).

 

 

 

Exhibit A to Amendment No. 1 to Deed of Trust

(Texas)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}]]