Document:

exv10w2

Exhibit 10.2

SECURITY AGREEMENT

     THIS
SECURITY AGREEMENT (the “Security Agreement”) is made and entered into this
2nd day of June 2011, by and between DAWSON GEOPHYSICAL COMPANY, a Texas Corporation,
whose address is 508 West Wall Street, Suite 800, Midland, Texas 79701 (the “Debtor”), and WESTERN
NATIONAL BANK, a national banking association, whose address is 508 West Wall Street, Suite 1100,
Midland, Texas 79701 (the “Secured Party”).

NOTICE IS TAKEN OF THE FOLLOWING:

	A.	 	Reference is made to that certain Loan Agreement, dated as of June 2, 2011, by and between
DAWSON GEOPHYSICAL COMPANY, as Borrower ( the “Borrower”), and the Secured Party, as Lender
(the “Loan Agreement”). Pursuant to the terms of the Loan Agreement, the Secured Party has
agreed to extend a loan to Borrower, from time to time, said indebtedness being evidenced by
that certain Revolving Line of Credit Note, dated as of June 2, 2011, in the original
principal amount of Twenty Million and No/100 Dollars ($20,000,000.00), executed by the
Borrower, as Maker, to the Secured Party, as Payee (the “Note”). The Loan Agreement and the
Note, and all documents executed by the parties simultaneously therewith, as any of the same
may be amended, extended or replaced from time to time are collectively referred to herein as
the “Credit Documents.” Capitalized terms not otherwise defined herein are used with the same
meanings as in the Credit Documents.
	 
	B.	 	To induce Secured Party to extend such credit, and in support of its performance under the
Loan Agreement and the Notes, Debtor has agreed to pledge and to grant to Secured Party a
security interest in and lien upon certain property of Debtor described more particularly
herein.

     NOW, THEREFORE, for and in consideration of the above Recitals and for other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, Debtor hereby agrees as
follows:

AGREEMENT

	1.	 	Grant of Security Interest
	 
	 	 	Debtor hereby pledges and grants to Secured Party a security interest in the property
described in paragraph 2 (collectively and severally, the “Collateral”) to secure payment
and performance of the obligations described in paragraph 3 (collectively and severally, the
“Obligations”).
	 
	2.	 	Collateral

1

 

	 	 	The Collateral shall consist of all of the Debtor’s interest in the following:
	 
	 	 	(i) All of Debtor’s Accounts and Equipment, as those terms are defined under the Uniform
Commercial Code, as adopted by the State of Texas, in effect as of the date of this
Agreement; (ii) any related or additional property from time to time delivered to or
deposited with Secured Party by or for the account of Debtor expressly securing the
Obligations; (iii) all proceeds, products, replacements, additions to, substitutions for,
accessions of, and property necessary for the operation of any of the foregoing, including,
without limitation, insurance payable as a result of loss or damage to the foregoing
property and any proceeds thereunder, refunds or unearned premiums of any such insurance
policy, and claims against third parties; (iv) all books and records related to any of the
foregoing, including without limitation any and all books of account, customer lists and
other records relating in any way to the accounts receivable; and (v) any of the
aforementioned collateral hereafter acquired by Debtor as well as Collateral which Debtor
now owns or in which Debtor otherwise has rights related to any property referred to in this
Section 2.
	 
	3.	 	Obligations
	 
	 	 	The Obligations secured by this Security Agreement shall consist of any and all debts,
obligations, and liabilities of Debtor to Secured Party arising out of or related to the
Credit Documents (whether principal, interest, fees, or otherwise, whether now existing or
thereafter arising, whether voluntary or involuntary, whether or not jointly owed with
others, whether direct or indirect, absolute or contingent, contractual or tortious,
liquidated or unliquidated, arising by operation of law, or otherwise, whether or not from
time to time decreased or extinguished and later increased, created or incurred, and whether
or not extended, modified, rearranged, restructured, refinanced, or replaced, including
without limitation, modifications to interest rates or other payment terms of such debts,
obligations, or liabilities).
	 
	4.	 	Representations and Warranties
	 
	 	 	In addition to any representations and warranties of Debtor set forth in the Credit
Documents, which are incorporated herein by this reference, Debtor hereby represents and
warrants that:

	 	a.	 	Authority. It has authority, and has completed all proceedings and obtained
all approvals and consents necessary, to execute, deliver, and perform this Security
Agreement and the transactions contemplated hereby.
	 
	 	b.	 	No Default or Lien. Such execution, delivery, and performance will not
contravene, or constitute a default under or result in a lien upon any property of
Debtor pursuant to any applicable law or regulation or any contract, agreement,
judgment, order, decree, or other instrument binding upon or affecting Debtor.

2

 

	 	c.	 	Enforceability. This Security Agreement constitutes a legal, valid, and binding
obligation of Debtor, enforceable in accordance with its terms (except as
enforceability may be affected by bankruptcy, insolvency, or other similar laws
affecting the enforcement of creditor’s rights), and this Security Agreement grants to
Secured Party a valid, first-priority perfected and enforceable lien on the Collateral.
	 
	 	d.	 	No Litigation. There is no action, suit or proceeding pending or, to the best
knowledge of Debtor after reasonable investigation, threatened against Debtor that
might adversely affect its property or financial condition in any material respect.
	 
	 	e.	 	Ownership of Collateral. Debtor is the sole owner of and has good and
marketable title to the Collateral (or, in the case of after-acquired Collateral, at
the time the Debtor acquires rights in the Collateral, will be the sole owner thereof)
and is the record and beneficial owner of any such Collateral.
	 
	 	f.	 	Priority. Except for security interests in favor of Secured Party, no person
has (or, in the case of after-acquired Collateral, at the time Debtor acquires rights
therein, will have) any right, title, claim, or interest (by way of security interest
or other lien or charge) in, against or to the Collateral.
	 
	 	g.	 	Accuracy of Information. All information heretofore, herein or hereafter
supplied to Secured Party by or on behalf of Debtor with respect to the Collateral is
true and correct.
	 
	 	h.	 	Delivery of Documents. Debtor has delivered to Secured Party all instruments,
documents, chattel paper, and other items of Collateral in which a security interest is
or may be perfected by possession, the certificate of title with respect to each motor
vehicle, if any, included in the Collateral, and any certificated Pledged Shares
together with such additional writings, including, without limitation, assignments and
stock powers, with respect thereto as Secured Party shall request.
	 
	 	i.	 	Exclusion of Certain Collateral. Unless otherwise agreed by Secured Party, the
Collateral does not include any aircraft, watercraft or vessels, railroad cars,
railroad equipment, locomotives or other rolling stock intended for a use related to
interstate commerce, trade names, trademarks, service marks, mask works, copyrights,
patents, fixtures or uncertificated securities.
	 
	 	j.	 	Enforceability Against Account Debtors. Each account, contract right, item of
chattel paper, instrument or any other right to the payment of money constituting
Collateral is genuine and enforceable in accordance with its terms against the party
obligated to pay the same (an Account Debtor), which terms have not been modified or
waived in any respect or to any extent.

3

 

	 	k.	 	Amount Due From Account Debtors. Any amount represented by Debtor to Secured
Party as owing by any Account Debtor is the correct amount actually and unconditionally
owing by such Account Debtor.
	 
	 	l.	 	No Account Debtor Defense. No Account Debtor has any defense, set off, claim,
or counterclaim against Debtor that can be asserted against Secured Party, whether in
any proceeding to enforce Secured Party’s rights in the Collateral, or otherwise.

	5.	 	Covenants and Agreements of Debtor
	 
	 	 	In addition to all covenants and agreements of Debtor set forth in the Credit Documents,
which are incorporated herein by this reference, Debtor hereby agrees:

	 	a.	 	Preservation of Collateral. To do all acts that may be necessary to maintain,
preserve, and protect the Collateral.
	 
	 	b.	 	Use of Collateral. Not to use or permit any Collateral to be used unlawfully or
in violation of any provision of this Security Agreement, any other agreement with
Secured Party related hereto or any applicable statute, regulation, or ordinance or
any policy of insurance covering the Collateral.
	 
	 	c.	 	Payment of Taxes. To pay promptly when due all taxes, assessments, charges,
encumbrances and liens now or hereafter imposed upon or affecting any Collateral.
	 
	 	d.	 	Defense of Litigation. To appear in and defend any action or proceeding that
may affect its title to or Secured Party’s interest in the Collateral.
	 
	 	e.	 	Possession of Collateral. Not to surrender or lose possession of (other than
to Secured Party), sell, encumber, lease, rent, or otherwise dispose of or transfer
any Collateral or right or interest therein except as hereinafter provided, and to keep
the Collateral free of all levies and security interests or other liens or charges
except those approved in writing by Secured Party.
	 
	 	f.	 	Compliance with Law. To comply with all laws, regulations, and ordinances
relating to the possession, operation, maintenance, and control of the Collateral.
	 
	 	g.	 	Standard of Care by Secured Party. That such care as Secured Party gives to the
safekeeping of its own property of like kind shall constitute reasonable care of the
Collateral when in Secured Party’s possession.
	 
	 	h.	 	Maintenance of Records. To keep separate, accurate, and complete records of the
Collateral and to provide Secured Party with such records and such other

4

 

	 	 	 	reports and information relating to the Collateral as Secured Party may request from
time to time.

	 	i.	 	Further Assurances. To procure, execute, and deliver from time to time any
endorsements, notifications, registrations, assignments, financing statements,
certificates of title, ship mortgages, aircraft mortgages, copyright mortgages
assignments or mortgages of patents, mortgages of mask works, mortgages for filing
pursuant to the Interstate Commerce Act, and other writings deemed necessary or
appropriate by Secured Party to perfect, maintain, and protect its security interest in
the Collateral hereunder and the priority thereof; and to take such other actions as
Secured Party may request to protect the value of the collateral and of Secured
Party’s security interest in the Collateral, including, without limitation, provision
of assurances from third parties regarding Secured Party’s access to, right to
foreclose on or sell, Collateral and right to realize the practical benefits of such
foreclosure or sale.
	 
	 	j.	 	Payment of Secured Party’s Costs and Expenses. To reimburse Secured Party upon
demand for any costs and expenses, including, without limitation, attorney fees and
disbursements, Secured Party may incur in preparing the Credit Documents and while
exercising any right, power, or remedy provided by this Security Agreement or by law,
all of which costs and expenses are included in the Obligations.
	 
	 	k.	 	Notification Regarding Certain Types of Collateral. To promptly notify Secured
Party of inclusion in the Collateral after the date hereof of any aircraft, watercraft
or vessels, railroad cars, railroad equipment, locomotives or other rolling stock
intended for a use related to interstate commerce, trade names, trademarks, service
marks, mask works, copyrights, patents, fixtures, or uncertificated securities.
	 
	 	l.	 	Notice of Changes. To give Secured Party thirty (30) days prior written notice
of any change in Debtor’s residence or chief place of business or legal name or
tradename(s) or style(s) set forth in the penultimate paragraph of this Security
Agreement.
	 
	 	m.	 	Location of Records. To keep the records concerning the collateral at the
location(s) set forth in the penultimate paragraph of this Security Agreement and not
to remove such records from such location(s) without the prior written consent of the
Secured Party.
	 
	 	n.	 	Purchase Money Agreement. If Secured Party gives value to enable Debtor to
acquire rights in or the use of any Collateral, to use such value for such purpose.

	6.	 	Authorized Action by Secured Party

5

 

	 	 	Debtor hereby agrees that from time to time, without presentment, notice or demand, and
without affecting or impairing in any way the rights of Secured Party with respect to the
Collateral, the obligations of the Debtor hereunder or the Obligations, Secured Party may,
but shall not be obligated to and shall incur no liability to Debtor or any third party for
failure to take any action which Debtor is obligated by this Security Agreement to do and to
exercise such rights and powers as Debtor might exercise with respect to the Collateral,
and Debtor hereby irrevocably appoints Secured Party as its attorney-in-fact to exercise
such rights and powers, including without limitation, to (a) file a financing statement
describing the Collateral, without the signature of either the Debtor or the Secured Party;
(b) collect by legal proceedings or otherwise and indorse, receive and receipt for all
dividends, interest, payments, proceeds, and other sums and property now or hereafter
payable on or on account of the Collateral; (c) enter into any extension, reorganization,
deposit, merger, consolidation, or other agreement pertaining to, or deposit, surrender,
accept, hold, or apply other property in exchange for the Collateral; (d) insure, process,
and preserve the Collateral; (e) transfer the Collateral to its own or its nominee’s name;
(f) make any compromise or settlement, and take any action it deems advisable, with respect
to the Collateral; and (g) notify any Account Debtor on any Collateral to make payment
directly to Secured Party.
	 
	7.	 	Default
	 
	 	 	A default under this Security Agreement shall be deemed to exist upon the occurrence of any
of the following (an Event of Default):

	 	a.	 	Default in Payment. Any of the Obligations shall not be paid in accordance with
the terms of the Credit Documents.
	 
	 	b.	 	Default under Credit Documents. Debtor shall fail to observe any other term or
condition of the Credit Documents or there shall otherwise occur any event which would
permit Secured Party to accelerate amounts outstanding thereunder or the Borrower shall
fail to make any payment or there shall otherwise occur any event which would permit
Secured Party to accelerate amounts outstanding to Borrower which are guaranteed by
Debtor pursuant to the Credit Documents.

	8.	 	Remedies
	 
	 	 	Upon the occurrence of any such Event of Default, Secured Party may, at its option, and
without notice to or demand on Debtor and in addition to all rights and remedies available
to Secured Party under the Credit Documents, at law, in equity, or otherwise, do any one or
more of the following:

	 	a.	 	General Enforcement. Foreclose or otherwise enforce Secured Party’s security
interest in any manner permitted by law, or provided for in this Security Agreement.

6

 

	 	b.	 	Sale, etc. Sell, lease, or otherwise dispose of any Collateral at one or more
public or private sales at Secured Party’s place of business or any other place or
places, including, without limitation, any broker’s board or securities exchange,
whether or not such Collateral is present at the place of sale, for cash or credit or
future delivery, on such terms and in such manner as Secured Party may determine.
	 
	 	c.	 	Costs of Remedies. Recover from Debtor all costs and expenses, including,
without limitation, reasonable attorney fees, incurred or paid by Secured Party in
exercising any right, power, or remedy provided by this Security Agreement.
	 
	 	d.	 	Manner of Sale of Collateral. Debtor shall be given ten (10) business days
prior notice of the time and place of any public sale or of the time after which any
private sale or other intended disposition of Collateral is to be made, which notice
Debtor hereby agrees shall be deemed reasonable notice thereof.
	 
	 	e.	 	Delivery to and Rights of Purchaser. Upon any sale or other disposition
pursuant to this Security Agreement, Secured Party shall have the right to deliver,
assign, and transfer to the purchaser thereof the Collateral or portion thereof so sold
or disposed of. Each purchaser at any such sale or other disposition (including Secured
Party) shall hold the Collateral free from any claim or right of whatever kind,
including any equity or right of redemption of Debtor and Debtor specifically waives
(to the extent permitted by law) all rights of redemption, stay or appraisal which it
has or may have under any rule of law or statute now existing or hereafter adopted.

	9.	 	Cumulative Rights
	 
	 	 	The rights, powers, and remedies of Secured Party under this Security Agreement shall be in
addition to all rights, powers, and remedies given to Secured Party by virtue of any statute
or rule of law, the Credit Documents or any other agreement, all of which rights, powers,
and remedies shall be cumulative and may be exercised successively or concurrently without
impairing Secured Party’s security interest in the Collateral.
	 
	10.	 	Waiver
	 
	 	 	Any waiver, forbearance or failure or delay by Secured Party in exercising any right, power,
or remedy shall not preclude the further exercise thereof, and every right, power, or remedy
of Secured Party shall continue in full force and effect until such right, power or remedy
is specifically waived in a writing executed by Secured Party. Debtor waives any right to
require Secured Party to proceed against any person or to exhaust any Collateral or to
pursue any remedy in Secured Party’s power.
	 
	11.	 	Setoff

7

 

	 	 	Debtor agrees that Secured Party may exercise its rights of setoff with respect to the
Obligations in the same manner as if the Obligations were unsecured.
	 
	12.	 	Binding Upon Successors
	 
	 	 	All rights of Secured Party under this Security Agreement shall inure to the benefit of its
successors and assigns, and all obligations of Debtor shall bind its heirs, executors,
administrators, successors, and assigns.
	 
	13.	 	Entire Agreement; Severability
	 
	 	 	This Security Agreement contains the entire security agreement between Secured Party and
Debtor. If any of the provisions of this Security Agreement shall be held invalid or
unenforceable, this Security Agreement shall be construed as if not containing those
provisions and the rights and obligations of the parties hereto shall be construed and
enforced accordingly.
	 
	14.	 	Choice of Law
	 
	 	 	This Security Agreement shall be construed in accordance with and governed by the laws of
Texas, without giving effect to choice of law rules, and, where applicable and except as
otherwise defined herein, terms used herein shall have the meanings given them in the
Uniform Commercial Code of such state.
	 
	15.	 	Amendment
	 
	 	 	This Security Agreement may not be amended or modified except by a writing signed by each of
the parties hereto.
	 
	16.	 	Residence; Collateral Location Records
	 
	 	 	Debtor represents that its residence or chief place of business is set forth below its
signature hereto; and that, except as otherwise disclosed to Secured Party in writing prior
to the date hereof, the Collateral and Debtor’s records concerning the Collateral are
located at that address.
	 
	17.	 	Addresses for Notices
	 
	 	 	All demands, notices, and other communications to Debtor or Secured Party provided for
hereunder shall be in writing or by telephone, promptly confirmed in writing, mailed,
delivered, or sent by telefacsimile, addressed or sent to it to the address or telefacsimile
number, as the case may be, of Debtor or Secured Party set forth beneath such party’s

8

 

	 	 	signature below, or to such other address as shall be designated by a party in a written
notice to the other party. All such demands, notices, and other communications shall, when
mailed or sent by telefacsimile, be effective when deposited in the mails, delivered or so
sent, as the case may be, addressed as aforesaid.

	 	 	EXECUTED this 2nd day of June 2011.

	 	 	 	 	 
	

Address: 

508 West Wall Street, Suite 800

Midland, Texas 79701

 	DEBTOR:

DAWSON GEOPHYSICAL COMPANY

 	 
	 	By:  	/s/ Stephen C. Jumper 	 
	 	 	Stephen C. Jumper 	 
	 	 	President 	 
	 
	 	 	 
	 	By:  	/s/ Christina W. Hagan
 	 
	 	 	Christina W. Hagan 	 
	 	 	Secretary 	 
	 
	508 West Wall Street, Suite 1100
Midland, Texas 79701
	SECURED PARTY:

WESTERN NATIONAL BANK

 	 
	 	By:  	/s/ James R. Kreuz 	 
	 	 	James R. Kreuz 	 
	 	 	President 	 
	 

9exv4w1

Exhibit 4.1

HARBINGER GROUP INC.

and

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee

 

SUPPLEMENTAL INDENTURE

Dated as of June 22, 2011

to

INDENTURE

Dated as of November 15, 2010

Between

HARBINGER GROUP INC.

and

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee

 

10.625% Senior Secured Notes Due 2015

 

 

     SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated
as of June 22, 2011, by and
between HARBINGER GROUP INC., a Delaware corporation (the “Company”), and WELLS FARGO BANK,
NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee”).

WITNESSETH:

     WHEREAS, the Company executed and delivered to the Trustee an Indenture, dated as of November
15, 2010 (the “Indenture”), by and between the Company and the Trustee, pursuant to which the
Company’s 10.625% Senior Secured Notes Due 2015 (the “Notes”) were issued;

     WHEREAS, the Company has solicited (the “Consent Solicitation”) the holders of record of its
Notes (each, a “Holder” and, collectively, the “Holders”) to direct the Trustee to execute and
deliver an amendment to the Indenture to amend the definition of “Contribution Debt” in Article I
of the Indenture (the “Amendment”);

     WHEREAS, Section 9.02 of the Indenture provides that, subject to certain inapplicable
exceptions, the Company and the Trustee may amend or supplement the Indenture and the Notes with
the consent of the Holders of at least a majority in principal amount of the Notes then outstanding
(the “Requisite Consents”);

     WHEREAS, if the conditions to the Consent Solicitation are met, Holders that delivered and
have not prior withdrawn a valid consent on a timely basis (the “Consenting Holders”) are entitled
to receive a consent fee (the “Consent Fee”) with respect to the Notes in respect of which they
have validly consented;

     WHEREAS, the Holders that have approved this Supplemental Indenture (as evidenced by their
execution of a Consent Form) constitute Holders of at least a majority in aggregate principal
amount of the Notes now outstanding and are willing to direct the Trustee to execute and deliver
the Supplemental Indenture;

     WHEREAS, consistent with the practice of The Depository Trust Company (“DTC”), DTC has
authorized direct participants in DTC set forth in the position listing of DTC as of the date
hereof to approve this Supplemental Indenture as if they were Holders of the Notes held of record
in the name of DTC or the name of its nominee;

     WHEREAS, the Trustee has been directed by the Holders of the requisite principal amount of
Notes to execute and deliver the Supplemental Indenture in its capacity as Trustee;

     WHEREAS, the execution and delivery of this Supplemental Indenture has been duly authorized by
the Company and all conditions and requirements necessary to make this instrument a valid and
binding agreement have been duly performed and complied with;

1

 

     WHEREAS, the Company has agreed to indemnify the Trustee against any and all losses,
liabilities or expenses incurred by it arising out of or in connection with the acceptance or
administration of its duties under this Supplemental Indenture, except to the extent any such loss,
liability or expense may be attributable to its negligence, bad faith or willful misconduct; and

     NOW, THEREFORE, in consideration of the above premises, and for the purpose of memorializing
the amendments to the Indenture consented to by the Holders, each party agrees, for the benefit of
the others and for the equal and ratable benefit of the Holders, as follows:

ARTICLE I

AMENDMENT OF INDENTURE

     Section 1.1 (a) Amendment to Definitions. The first paragraph of the definition of
“Contribution Debt” in Section 1.01 of the Indenture is hereby amended to (i) delete the words
“with a Stated Maturity after the Stated Maturity of the Notes”, and insert the words “with a
Stated Maturity (a) in the case of clause (1) below on or after, or (b) in the case of clause (2)
below, after the Stated Maturity of the Notes” in place of the deleted text; (ii) delete the word
“half” and insert the words “$150 million (which amount is in respect of the cash proceeds of the
issuance of Qualified Equity Interests of the Company on May 12, 2011 in an aggregate amount of
$280 million)”; and (iii) delete the words “the aggregate amount of cash received”, and insert the
words “the aggregate gross amount of cash proceeds received” in place of the deleted text.

                         (b) Amendment to Section 4.06. Paragraph (b)(1) of Section 4.06 is hereby deleted in
its entirety and replaced with “[Reserved]”.

                         (c) Amendment to Section 4.07. Paragraph (a)(2) of Section 4.07 is hereby amended to
delete such paragraph (a)(2) in its entirety and to replace it with the following:

                    “(2) the Company’s Collateral Coverage Reserve would be not less than the ratio specified in
Section 4.18 that is then applicable, and”.

ARTICLE II

MISCELLANEOUS PROVISIONS

     Section 2.1 Effect of Supplemental Indenture.

     Prior to the Supplemental Indenture becoming effective, the Company shall deliver to the
Trustee an Officers’ Certificate certifying that all conditions precedent provided for in the
Indenture relating to the Supplemental Indenture have been satisfied. The Trustee may conclusively
rely upon such certificate to establish that such Requisite

2

 

Consents have been obtained. Upon the execution and delivery of this Supplemental Indenture by
the Company and the Trustee, the Indenture shall be modified in accordance herewith, and this
Supplemental Indenture shall form a part of the Indenture for all purposes; and every Holder of the
Notes heretofore or hereafter authenticated and delivered under the Indenture shall be bound
thereby.

     Notwithstanding the foregoing, the Amendment set forth herein will have no effect, and this
Supplemental Indenture shall be null and void, if the Consent Fee is not paid to the Consenting
Holders in accordance with the terms and conditions of the Consent Solicitation.

     Section 2.2 Indenture Remains in Full Force and Effect.

     Except as supplemented and amended hereby, all provisions in the Indenture shall remain in
full force and effect.

     Section 2.3 Indenture and Supplemental Indenture Construed Together.

     This Supplemental Indenture is an indenture supplemental to and in implementation of the
Indenture, and the Indenture and this Supplemental Indenture shall henceforth be read and construed
together.

     Section 2.4 Confirmation of Indenture.

     The Indenture, as supplemented and amended by this Supplemental Indenture, is in all respects
confirmed and ratified.

     Section 2.5 Conflict with Trust Indenture Act.

     If any provision of this Supplemental Indenture limits, qualifies or conflicts with another
provision hereof which is required to be included in this Supplemental Indenture by any of the
provisions of the Trust Indenture Act of 1939, such required provision shall control.

     Section 2.6 Separability.

     In case any one or more of the provisions contained in this Supplemental Indenture shall be
invalid, illegal or unenforceable, the validity, legality or enforceability of the remaining
provisions shall not in any way be affected or impaired thereby.

     Section 2.7 Successors and Assigns.

     All agreements in this Supplemental Indenture shall be binding upon and inure to the benefit
of the respective successors and assigns of the Company and the Trustee.

3

 

     Section 2.8 Certain Duties and Responsibilities of the Trustee.

     In entering into this Supplemental Indenture, the Trustee shall be entitled to the benefit of
every provision of the Indenture relating to the conduct or affecting the liability of or affording
protection to the Trustee, whether or not elsewhere herein so provided. The Trustee, for itself and
its successor or successors, accepts the terms of the Indenture as amended by this Supplemental
Indenture, and agrees to perform the same, but only upon 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. The Trustee makes no representations as to the validity or sufficiency of
this Supplemental Indenture other than as to the validity of its execution and delivery by the
Trustee.

     Section 2.9 Governing Law.

     THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS
OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ANY OTHER CONFLICTS OF LAW PROVISIONS.

     Section 2.10 Duplicate Originals.

     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. The exchange of
copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission shall
constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto
and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the
parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for
all purposes.

[Signature Page Follows]

4

 

SIGNATURES

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

	 	 	 	 	 
	 	HARBINGER GROUP INC.

as Issuer

 	 
	 	By:  	/S/ Francis T. McCarron
	 
	 	 	Name:  Francis T. McCarron
	 	 	Title:  Executive Vice President and

            Chief Financial Officer
	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION

as Trustee

 	 
	 	By:  	/S/ Richard Prokosch
	 
	 	 	Name:  Richard Prokosch
	 	 	Title:  Vice President
	 

5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00191-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00191-of-00352.parquet"}]]