Document:

exv4w1w3

Exhibit 4.1.3

     SECOND SUPPLEMENTAL INDENTURE, dated as of January 27, 2010 (this “Second Supplemental
Indenture”), among Encore Acquisition Company, a Delaware corporation (the “Company”), the
Subsidiaries of the Company party hereto and Wells Fargo Bank, National Association, as trustee
(the “Trustee”).

     WHEREAS, the Company and the Trustee have heretofore entered into an Indenture dated as of
April 2, 2004 (the “Original Indenture”), as supplemented by the First Supplemental Indenture dated
as of January 2, 2008 (together with the Original Indenture, the “Indenture”), relating to the
Company’s 6.25% Senior Subordinated Notes due 2014; and

     WHEREAS, the Company has formed a new indirect wholly owned subsidiary, Greencore Pipeline
Company LLC, a Delaware limited liability company (“Greencore”); and

     WHEREAS, Section 4.10 of the Indenture provides that the Company shall cause each Restricted
Subsidiary that Incurs any Indebtedness (other than Indebtedness Incurred pursuant to and in
compliance with the last clause of Section 4.03(b)(16) of the Indenture), to, at the same, execute
and deliver to the Trustee a Guaranty Agreement pursuant to which such Restricted Subsidiary will
Guarantee payment of the Securities on the same terms and conditions as those set forth in the
Indenture; and

     WHEREAS, Section 9.01 of the Indenture provides that the Company, the Subsidiary Guarantors
and the Trustee may amend the Indenture without the consent of any Securityholder to add Guarantees
with respect to the Securities; and

     WHEREAS, all acts and things necessary to make this Second Supplemental Indenture a valid and
binding agreement in accordance with the Indenture have been done or performed;

     NOW, THEREFORE, in consideration of the premises, agreements and obligations set forth herein
and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree, for the equal and proportionate benefit of all
Securityholders, as follows:

     SECTION 1. Capitalized Terms. Capitalized terms used in this Second Supplemental
Indenture and not otherwise defined herein shall have the respective meanings assigned to such
terms in the Indenture.

     SECTION 2. Guarantees. Greencore hereby agrees, by its execution of this Second
Supplemental indenture, (a) to guarantee, jointly and severally with the other Subsidiary
Guarantors, the Guaranteed Obligations on the terms and subject to the conditions set forth in
Article 11 of the Indenture and (b) to be bound by all other provisions of the Indenture applicable
to Subsidiary Guarantors.

     SECTION 3. Continuing Effect of Indenture. Except as expressly provided herein, all
of the terms, provisions and conditions of the Indenture and the Securities outstanding thereunder
shall remain in full force and effect.

 

 

     SECTION 4. Construction of Second Supplemental Indenture. This Second Supplemental
Indenture is executed as and shall constitute an indenture supplemental to the Indenture and shall
be construed in connection with and as part of the Indenture.

     SECTION 5. Trust Indenture Act Controls. If any provision of this Second Supplemental
Indenture limits, qualifies or conflicts with another provision of this Second Supplemental
Indenture or the Indenture that is required to be included by the Trust Indenture Act of 1939 as in
force on the date as of which this Second Supplemental Indenture is executed, the provision
required by said Act shall control.

     SECTION 6. Trustee Disclaimer. The recitals contained in this Second Supplemental
Indenture shall be taken as the statements of the Company, and the Trustee assumes no
responsibility for their correctness. The Trustee makes no representations as to the validity or
sufficiency of this Second Supplemental Indenture.

     SECTION 7. Governing Law. THIS SECOND SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

     SECTION 8. Counterparts. This Second Supplemental Indenture may be executed in any
number of counterparts, each of which so executed shall be deemed to be an original, but all such
counterparts shall together constitute but one and the same instrument.

[The remainder of this page is intentionally left blank; signature pages follow.]

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

	 	 	 	 	 
	 	ENCORE ACQUISITION COMPANY

 	 
	 	By:  	/s/ Robert C. Reeves
 	 
	 	 	Name:  	Robert C. Reeves 	 
	 	 	Title:  	Senior Vice President, Chief
Financial Officer, Treasurer and Corporate
Secretary 	 
	 
	 	EAP OPERATING, LLC

 	 
	 	By:  	/s/ Robert C. Reeves
 	 
	 	 	Name:  	Robert C. Reeves 	 
	 	 	Title:  	Senior Vice President, Chief
Financial Officer, Treasurer and Secretary 	 
	 
	 	EAP PROPERTIES, INC.

 	 
	 	By:  	/s/ Robert C. Reeves
 	 
	 	 	Name:  	Robert C. Reeves 	 
	 	 	Title:  	Senior Vice President, Chief
Financial Officer, Treasurer and Secretary 	 
	 
	 	ENCORE OPERATING, L.P.

 	 
	 	By:  	EAP Operating, LLC, its general partner
 	 
	 	 	 
	 	By:  	                                                     /s/ Robert C. Reeves
 	 
	 	 	Name:  	Robert C. Reeves 	 
	 	 	Title:  	Senior Vice President, Chief
Financial Officer, Treasurer and Secretary 	 
	 

 

 

	 	 	 	 	 
	 	ENCORE OPERATING LOUISIANA, LLC

 	 
	 	By:  	/s/ Thomas H. Olle
 	 
	 	 	Name:  	Thomas H. Olle 	 
	 	 	Title:  	President and Assistant
Secretary 	 
	 
	 	GREENCORE PIPELINE COMPANY LLC

 	 
	 	By:  	/s/ Robert C. Reeves
 	 
	 	 	Name:  	Robert C. Reeves 	 
	 	 	Title:  	Senior Vice President, Chief
Financial Officer, Treasurer and Secretary 	 
	 

 

 

	 	 	 	 	 
	 	

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

 	 
	 	By:  	/s/ Patrick Giordano
 	 
	 	 	Name:  	Patrick Giordano 	 
	 	 	Title:  	Vice Presidentexv4w1w4

Exhibit 4.1.4

Execution Version

DENBURY RESOURCES INC.

and

WELLS FARGO BANK, NATIONAL ASSOCIATION

as Trustee

THIRD SUPPLEMENTAL INDENTURE FOR

6.25% SENIOR SUBORDINATED NOTES DUE 2014

Dated as of March 10, 2010

 

 

          THIRD SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of March 10, 2010,
among DENBURY RESOURCES INC., a Delaware corporation (the “Company”), as successor in interest by
merger to Encore Acquisition Company, a Delaware corporation (“Encore”), EAP PROPERTIES, INC., a
Delaware corporation (“Properties”), DENBURY ENCORE HOLDINGS INC., a Delaware corporation
(“Holdings”), EAP OPERATING, LLC, a Delaware limited liability company (“EAP Operating”), ENCORE
OPERATING, L.P., a Texas limited partnership (“Encore Operating”), ENCORE OPERATING LOUISIANA, LLC,
a Delaware limited liability company (“Louisiana”), GREENCORE PIPELINE COMPANY LLC, a Delaware
limited liability company (“Greencore”), DENBURY ONSHORE, LLC, a Delaware limited liability company
(“Onshore”), DENBURY GATHERING & MARKETING, INC., a Delaware corporation (“Gathering”), DENBURY
OPERATING COMPANY, a Delaware corporation (“Denbury Operating”), DENBURY MARINE, L.L.C., a
Louisiana limited liability company (“Marine”), TUSCALOOSA ROYALTY FUND LLC, a Mississippi limited
liability company (“Tuscaloosa”), DENBURY GREEN PIPELINE-TEXAS, LLC, a Delaware limited liability
company (“Denbury Green” and, together with Properties, Holdings, EAP Operating, Encore Operating,
Louisiana, Greencore, Onshore, Gathering, Denbury Operating, Marine, and Tuscaloosa, the
“Guarantors”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as
trustee (the “Trustee”), to the INDENTURE, dated as of April 2, 2004, among the Company, the
Guarantors, and the Trustee (the “Indenture”). Capitalized terms used and not defined herein shall
have the meanings ascribed to such terms in the Indenture.

          WHEREAS, Encore was merged with and into the Company pursuant to the Agreement and Plan of
Merger, dated as of October 31, 2009, between the Company and Encore;

          WHEREAS, Encore, certain guarantors and the Trustee have heretofore executed and delivered the
Indenture providing for the issuance of 6.25% Senior Subordinated Notes due 2014 (the
“Securities”);

          WHEREAS, there is currently outstanding under the Indenture $150,000,000 in aggregate
principal amount of Securities;

          WHEREAS, the Company will assume all of the obligations of Encore under the Securities and the
Indenture;

          WHEREAS, the Company desires to amend the Indenture, as set forth herein;

          WHEREAS, Section 9.01 of the Indenture permits amendment of the Indenture by the Company, the
Guarantors, and the Trustee without the consent of the Holders to add Guarantees of any series of
Securities as permitted by the terms of the Indenture;

          WHEREAS, Section 9.02 of the Indenture permits amendment of the Indenture as provided in
Section 2 hereof by the Company, the Guarantors, and the Trustee with the consent of the Holders of
at least a majority in principal amount of the outstanding Securities of each series affected by
such amendment and subject to the other provisions of Article IX of the Indenture;

 

 

          WHEREAS, the Securities are the only outstanding Securities issued under the Indenture;

          WHEREAS, the Company has commenced, pursuant to the Offer to Purchase and Consent Solicitation
Statement of the Company, dated February 8, 2010 (the “Offer to Purchase”), an offer to purchase
all of the outstanding Securities and a solicitation to obtain (a) the consent of the Holders of at
least a majority in outstanding principal amount of the Securities to the amendments to the
Indenture set forth in Section 2 hereof and (b) the direction of the Holders of at least a majority
in outstanding principal amount of the Securities to the Trustee to execute and deliver this
Supplemental Indenture (collectively, the “Consent”);

          WHEREAS, the Company certifies in this Supplemental Indenture that the Holders of at least a
majority in principal amount of the Securities currently outstanding have provided consents to the
execution and delivery by the Trustee of this Supplemental Indenture in accordance with the
provisions of the Indenture;

          WHEREAS, the Company and the Guarantors have been authorized by resolutions of their
respective Boards of Directors or comparable governing bodies or member, as the case may be, to
enter into this Supplemental Indenture; and

          WHEREAS, the Company has delivered to the Trustee an Officers’ Certificate (as defined in the
Indenture) as well as an Opinion of Counsel (as defined in the Indenture) to the effect that the
execution and delivery of this Supplemental Indenture by the Company and the Guarantors is
authorized or permitted under the Indenture and that all conditions precedent provided for in the
Indenture relating to the execution and delivery of this Supplemental Indenture to be complied with
by the Company and the Guarantors have been complied with.

          NOW, THEREFORE, the parties hereto agree as follows:

     1. Company Representations and Warranties. The Company hereby represents, warrants,
and certifies to the Trustee that the Holders of at least a majority in principal amount of the
Securities currently outstanding have provided Consents (the “Consenting Securities”), and that all
other conditions precedent provided for in the Indenture, including without limitation, those
contained in Article IX of the Indenture, relating to the execution of this Supplemental Indenture
have been complied with as of the date hereof.

     2. Amendments to the Indenture.

          a. The Indenture is hereby amended by (i) deleting the text of Sections 4.02, 4.03, 4.04,
4.05, 4.07, 4.09, 4.10, 4.11, 5.01(a), 6.01(6), and 6.01(9) of the Indenture and replacing them
with the words “Intentionally Omitted,” and (ii) deleting all references to such sections and
clauses in their entirety, including without limitation all references, direct or indirect,
thereto in Section 6.01, “Events of Default.”

          b. The Indenture is hereby amended by deleting those definitions from the Indenture for which
all references to such definitions will be eliminated as a result of the provisions of Section
2(a) of this Supplemental Indenture.

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     3. Assumption of Obligations. The Company assumes all obligations of Encore
under the Securities and the Indenture.

     4. Addition of Guarantors. Onshore, Gathering, Denbury Operating, Marine, Tuscaloosa,
Holdings, and Denbury Green hereby agree, jointly and severally with the Subsidiary Guarantors, to
guarantee the Company’s obligations under the Securities on the terms and subject to the
conditions set forth in Article 10 of the Indenture and to be bound by all other applicable
provisions of the Indenture.

     5. Miscellaneous.

          a. Ratification of Agreement. As supplemented by this Supplemental Indenture, the
Indenture is in all respects ratified and confirmed and the Indenture, as so supplemented by this
Supplemental Indenture, shall be read, taken and construed as one and the same instrument. Except
as provided for in this Supplemental Indenture, the Indenture shall remain in full force and
effect. The Consent of the Holders of the Securities to this Supplemental Indenture shall not
constitute an amendment or waiver of any provision of the Indenture except to the extent expressly
set forth herein, and shall not be construed as a waiver or consent to any further or future action
on the part of the Company.

          b. Counterparts. This Supplemental Indenture may be executed in any number of
counterparts, each of which so executed shall be deemed to be an original, but all of such
counterparts shall together constitute but one and the same instrument.

          c. Governing Law. This Supplemental Indenture shall be governed by and construed 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.

          d. Effectiveness. This Supplemental Indenture shall be effective upon its execution
and delivery by the parties hereto. The amendments set forth in Section 2 hereof will become
operative concurrently with the Company’s acceptance of the Consenting Securities for payment
pursuant to the Offer to Purchase on or promptly after March 10, 2010.

          e. Trustee. The Trustee accepts the trusts created by the Indenture, as amended and
supplemented by this Supplemental Indenture, and agrees to perform the same upon the terms and
conditions of the Indenture, as amended and supplemented by this Supplemental Indenture. Without
limiting the generality of the foregoing, the Trustee assumes no responsibility for the correctness
of the recitals herein contained and for the correctness of the Offer to Purchase, which shall be
taken as the statements of the Company, and the Trustee shall not be responsible or accountable in
any way whatsoever for or with respect to the validity or execution or sufficiency of this
Supplemental Indenture, and the Trustee makes no representation with respect thereto. All of the
provisions contained in the Indenture in respect of the rights, privileges, immunities, powers, and
duties of the Trustee shall be applicable in respect of this Supplemental Indenture as fully and
with like force and effect as though fully set forth in full herein.

          f. Indemnification of Trustee. The Company agrees to indemnify and hold harmless the
Trustee from and against any and all claims, demands, causes of action, losses,

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damages, liabilities, costs and expenses (including, without limitation, attorneys’ fees and court costs) at
any time asserted against or incurred by the Trustee by reason of, arising out of or in connection
with the execution of this Supplemental Indenture incurred without negligence or bad faith on its
part.

          g. Trust Indenture Act Controls. If any provision of this Supplemental Indenture
limits, qualifies, or conflicts with another provision of this Supplemental Indenture or the
Indenture that is required to be included by the Trust Indenture Act of 1939, as amended, as in
force at the date this Supplemental Indenture is executed, the provision required by said Act shall
control.

          h. Headings. The section headings herein are for convenience only and shall not
affect the construction thereof.

          i. Severability. In case any provision in this Supplemental Indenture or the
Securities shall be invalid, illegal, or unenforceable, the validity, legality, and enforceability
of the remaining provisions shall not in any way be affected or impaired thereby.

[signature page follows]

4

 

          IN WITNESS WHEREOF, each of the undersigned has caused this Supplemental Indenture to be duly
executed as of the date first above written.

	 	 	 	 	 
	 	DENBURY RESOURCES INC.

 	 
	 	By:  	/s/ Mark C. Allen
 	 
	 	 	Name:  	Mark C. Allen 	 
	 	 	Title:  	Senior Vice President and Chief Financial
Officer 	 
	 
	 	EAP PROPERTIES, INC.

 	 
	 	By:  	/s/ Mark C. Allen
 	 
	 	 	Name:  	Mark C. Allen 	 
	 	 	Title:  	Senior Vice President and Chief Financial
Officer 	 
	 
	 	DENBURY ENCORE HOLDINGS INC.

 	 
	 	By:  	/s/ Mark C. Allen
 	 
	 	 	Name:  	Mark C. Allen 	 
	 	 	Title:  	Senior Vice President and Chief Financial
Officer 	 
	 
	 	EAP OPERATING, LLC

 	 
	 	By:  	/s/ Mark C. Allen
 	 
	 	 	Name:  	Mark C. Allen 	 
	 	 	Title:  	Senior Vice President and Chief Financial
Officer 	 

5

 

	 	 	 	 	 

	 	 	 	 	 
	 	ENCORE OPERATING, L.P.

 	 
	 	By:  	EAP Operating, LLC, its General Partner
 	 
	 	 	 	 
	 	By:  	            /s/ Mark C. Allen
 	 
	 	 	Name:  	Mark C. Allen 	 
	 	 	Title:  	Senior Vice President and Chief Financial
Officer 	 
	 
	 	ENCORE OPERATING LOUISIANA, LLC

 	 
	 	By:  	/s/ Mark C. Allen
 	 
	 	 	Name:  	Mark C. Allen 	 
	 	 	Title:  	Senior Vice President and Chief Financial
Officer 	 
	 
	 	GREENCORE PIPELINE COMPANY LLC

 	 
	 	By:  	/s/ Mark C. Allen
 	 
	 	 	Name:  	Mark C. Allen 	 
	 	 	Title:  	Senior Vice President and Chief Financial
Officer 	 
	 
	 	DENBURY ONSHORE, LLC

 	 
	 	By:  	/s/ Mark C. Allen
 	 
	 	 	Name:  	Mark C. Allen 	 
	 	 	Title:  	Senior Vice President and Chief Financial
Officer 	 
	 
	 	DENBURY GATHERING & MARKETING, INC.

 	 
	 	By:  	/s/ Mark C. Allen
 	 
	 	 	Name:  	Mark C. Allen 	 
	 	 	Title:  	Senior Vice President and Chief Financial
Officer 	 

6

 

	 	 	 	 	 

	 	 	 	 	 
	 	DENBURY OPERATING COMPANY

 	 
	 	By:  	/s/ Mark C. Allen
 	 
	 	 	Name:  	Mark C. Allen 	 
	 	 	Title:  	Senior Vice President and Chief Financial
Officer 	 
	 
	 	DENBURY MARINE, L.L.C.

 	 
	 	By:  	Denbury Operating Company, its sole member
 	 
	 
	 	 	 
	 	By:  	          /s/ Mark C. Allen
 	 
	 	 	Name:  	Mark C. Allen 	 
	 	 	Title:  	Senior Vice President and Chief Financial
Officer 	 
	 
	 	TUSCALOOSA ROYALTY FUND LLC

 	 
	 	By:  	Denbury Operating Company, its sole member
 	 
	 
	 	 	 
	 	By:  	                     /s/ Mark C. Allen
 	 
	 	 	Name:  	Mark C. Allen 	 
	 	 	Title:  	Senior Vice President and Chief Financial
Officer 	 
	 
	 	DENBURY GREEN PIPELINE-TEXAS, LLC

 	 
	 	By:  	/s/ Mark C. Allen
 	 
	 	 	Name:  	Mark C. Allen 	 
	 	 	Title:  	Senior Vice President and Chief Financial
Officer 	 
	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee

 	 
	 	By:  	/s/ Patrick T. Giordano
 	 
	 	 	Name:  	Patrick T. Giordano 	 
	 	 	Title:  	Vice President 	 
	 

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