Document:

exv4wcc

Exhibit 4(cc)

EXECUTION VERSION

DENBURY RESOURCES INC.

and

WELLS FARGO BANK, NATIONAL ASSOCIATION

as Trustee

FOURTH SUPPLEMENTAL INDENTURE FOR

6.0% SENIOR SUBORDINATED NOTES DUE 2015

Dated as of February 3, 2011

Denbury Resources Inc.

Guarantor Supplemental Indenture

6.0% Notes due 2015

 

 

EXECUTION VERSION

          FOURTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of February 3, 2011,
among DENBURY RESOURCES INC., a Delaware corporation (the “Company”), on behalf of itself
and the Subsidiary Guarantors (the “Existing Subsidiary Guarantors”) under the Indenture
referred to below, WELLS FARGO BANK, NATIONAL ASSOCIATION, as trustee under the Indenture referred
to below (the “Trustee”) and the following indirect, wholly-owned subsidiaries of the
Company, referred to herein collectively as the “New Subsidiary Guarantors”:

Denbury Pipeline Holdings LLC

Denbury Gulf Coast Pipelines LLC

W I T N E S S E T H :

          WHEREAS the Company has heretofore executed and delivered to the Trustee an Indenture dated as
of dated as of July 13, 2005 (the “Indenture”), the First Supplemental Indenture dated
January 2, 2008, the Second Supplemental Indenture dated January 27, 2010, and the Third
Supplemental Indenture dated as of March 10, 2010, providing for the issuance of 6.0% Senior
Subordinated Notes Due 2015 (the “Securities”);

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

          WHEREAS, Denbury Encore Holdings, Inc. changed its name to Denbury Holdings, Inc. by amending
its Certificate of Formation, effective as of December 31, 2010

          WHEREAS, EAP Operating, LLC changed its name to Denbury Air, LLC by amending its Certificate
of Formation, effective as of December 31, 2010;

          WHEREAS, Denbury Operating Company merged with and into EAP Properties, Inc., and then changed
its name to Denbury Operating Company, pursuant to an Agreement and Plan of Merger, dated as of
December 31, 2010;

          WHEREAS the Company desires to cause the New Subsidiary Guarantors to execute and deliver to
the Trustee a supplemental indenture pursuant to which the New Subsidiary Guarantors shall fully
and unconditionally guarantee all of the obligations of the Company under the Securities pursuant
to a Subsidiary Guarantee on the terms and conditions set forth herein; and

          WHEREAS pursuant to Section 9.01(4) of the Indenture, the Trustee, the Company and Existing
Subsidiary Guarantors are authorized to execute and deliver this Supplemental Indenture;

          NOW THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the New Subsidiary Guarantors, the
Company, the Existing Subsidiary Guarantors and the Trustee mutually covenant and agree for the
equal and ratable benefit of the holders of the Securities as follows:

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

Denbury Resources Inc.

Guarantor Supplemental Indenture

6.0% Notes due 2015

 

 

     (b) For all purposes of this Supplemental Indenture, except as otherwise herein
expressly provided or unless the context otherwise requires: (i) the terms and expressions
used herein shall have the same meanings as corresponding terms and expressions used in the
Indenture; and (ii) the words “herein,” “hereof” and “hereby” and other words of similar
import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole
and not to any particular section hereof.

2. Amendments to the Indenture.

          (a) All references to Denbury Encore Holdings, Inc. are amended to read Denbury Holdings,
Inc.;

          (b) All references to EAP Operating, LLC are amended to read Denbury Air, LLC;

          (c) All references to EAP Properties, Inc. are amended to read Denbury Operating Company.

3. Agreement to Guarantee. Each New Subsidiary Guarantor hereby agrees, jointly and
severally, with each other and with all other Existing Subsidiary Guarantors, to guarantee
all of the obligations of the Company under the Securities on the terms and subject to the
conditions set forth in Article 11 of the Indenture and to be bound by all other applicable
provisions of the Indenture.

4. Ratification of Indenture; Supplemental Indentures Part of Indenture. Except as
expressly amended hereby, the Indenture is in all respects ratified and confirmed and all
the terms, conditions and provisions thereof shall remain in full force and effect. This
Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder
of Securities heretofore or hereafter authenticated and delivered shall be bound hereby.

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

6. Trustee Makes No Representation. The Trustee makes no representation as to the
validity or sufficiency of this Supplemental Indenture.

7. 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.

8. Effect of Headings. The Section headings herein are for convenience only and
shall not effect the construction thereof.

[signature page follows]

Denbury Resources Inc.

Guarantor Supplemental Indenture

6.0% Notes due 2015

2

 

          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., on behalf of itself and the Existing
Subsidiary Guarantors,	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Phil Rykhoek
 

Phil Rykhoek
	 	 
	 

	 	Title:
	 	Chief Executive Officer	 	 
	 
	 	 	 	 	 	 
	 	 	DENBURY PIPELINE HOLDINGS LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Mark C. Allen	 	 
	 

	 	Name:
	 	 

Mark C. Allen
	 	 
	 

	 	Title:
	 	Senior Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	DENBURY GULF COAST PIPELINES LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Mark C. Allen	 	 
	 

	 	Name:
	 	 

Mark C. Allen
	 	 
	 

	 	Title:
	 	Senior Vice President and Chief Financial Officer	 	 

Denbury Resources Inc.

Guarantor Supplemental Indenture

6.0% Notes due 2015

3

 

	 	 	 	 	 	 	 

	 	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Patrick T. Giordano	 	 
	 

	 	Name:
	 	 

Patrick T. Giordano
	 	 
	 

	 	Title:
	 	Vice President	 	 

Denbury Resources Inc.

Guarantor Supplemental Indenture

6.0% Notes due 2015

4exv4wjj

Exhibit 4(jj)

EXECUTION VERSION

DENBURY RESOURCES INC.

and

WELLS FARGO BANK, NATIONAL ASSOCIATION

as Trustee

SIXTH SUPPLEMENTAL INDENTURE TO INDENTURE,

DATED AS OF NOVEMBER 16, 2005, AS SUPPLEMENTED

Dated as of February 3, 2011

Denbury Resources Inc.

Sixth Supplemental Indenture

 

 

EXECUTION VERSION

          SIXTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of
February 3, 2011, among DENBURY RESOURCES INC., a Delaware corporation (the “Company”), on
behalf of itself and the Subsidiary Guarantors (the “Existing Subsidiary Guarantors”) under
the Indenture referred to below, WELLS FARGO BANK, NATIONAL ASSOCIATION, as trustee under the
Indenture referred to below (the “Trustee”) and the following indirect, wholly-owned
subsidiaries of the Company, referred to herein collectively as the “New Subsidiary
Guarantors”:

Denbury Pipeline Holdings LLC

Denbury Gulf Coast Pipelines LLC

W I T N E S S E T H :

          WHEREAS, the Company has heretofore executed and delivered to the Trustee an Indenture dated
as of dated as of November 16, 2005 (the “Original Indenture”), as supplemented by (i) the
First Supplemental Indenture, dated as of November 23, 2005 (the “First Supplemental
Indenture”) pursuant to which the Company’s 7.25% Senior Subordinated Notes due 2017 (the
“2017 Notes”) were issued, (ii) the Second Supplemental Indenture, dated as of January 2,
2008 (the “Second Supplemental Indenture”), (iii) the Third Supplemental Indenture dated as
of April 27, 2009 (the “Third Supplemental Indenture”) pursuant to which the Company’s 9.5%
Senior Subordinated Notes due 2016 (the “2016 Notes”) were issued, (iv) the Fourth
Supplemental Indenture, dated as of January 27, 2010 (the “Fourth Supplemental Indenture”),
and (v) the Fifth Supplemental Indenture, dated as of March 10, 2010, (the “Fifth Supplemental
Indenture”), collectively, the Original Indenture, First Supplemental Indenture, Second
Supplemental Indenture, Third Supplemental Indenture, Fourth Supplemental Indenture, and Fifth
Supplemental Indenture (the “Indenture”);

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

          WHEREAS, Denbury Encore Holdings, Inc. changed its name to Denbury Holdings, Inc. by amending
its Certificate of Formation, effective as of December 31, 2010

          WHEREAS, EAP Operating, LLC changed its name to Denbury Air, LLC by amending its Certificate
of Formation, effective as of December 31, 2010;

          WHEREAS, Denbury Operating Company merged with and into EAP Properties, Inc., and then changed
its name to Denbury Operating Company, pursuant to an Agreement and Plan of Merger, dated as of
December 31, 2010;

          WHEREAS the Company desires to cause the New Subsidiary Guarantors to execute and deliver to
the Trustee a supplemental indenture pursuant to which the New Subsidiary Guarantors shall fully
and unconditionally guarantee all of the obligations of the Company under the Securities pursuant
to a Subsidiary Guarantee on the terms and conditions set forth herein; and

Denbury Resources Inc.

Sixth Supplemental Indenture

2

 

          WHEREAS pursuant to Section 9.01(4) of the Indenture, the Trustee, the Company and Existing
Subsidiary Guarantors are authorized to execute and deliver this Supplemental Indenture;

          NOW THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the New Subsidiary Guarantors, the
Company, the Existing Subsidiary Guarantors and the Trustee mutually covenant and agree for the
equal and ratable benefit of the holders of the Securities as follows:

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

          (b) For all purposes of this Supplemental Indenture, except as otherwise herein expressly
provided or unless the context otherwise requires: (i) the terms and expressions used herein shall
have the same meanings as corresponding terms and expressions used in the Indenture; and (ii) the
words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental
Indenture refer to this Supplemental Indenture as a whole and not to any particular section hereof.

          2. Amendments to the Indenture.

     (a) All references to Denbury Encore Holdings, Inc. are amended to read Denbury Holdings,
Inc.;

     (b) All references to EAP Operating, LLC are amended to read Denbury Air, LLC;

     (c) All references to EAP Properties, Inc. are amended to read Denbury Operating Company.

          3. Agreement to Guarantee. Each New Subsidiary Guarantor hereby agrees, jointly and
severally, with each other and with all other Existing Subsidiary Guarantors, to guarantee all of
the obligations of the Company under the Securities on the terms and subject to the conditions set
forth in Article 11 of the Indenture and to be bound by all other applicable provisions of the
Indenture.

          4. Ratification of Indenture; Supplemental Indentures Part of Indenture. Except as
expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the
terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental
Indenture shall form a part of the Indenture for all purposes, and every holder of Securities
heretofore or hereafter authenticated and delivered shall be bound hereby.

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

          6. Trustee Makes No Representation. The Trustee makes no representation as to the
validity or sufficiency of this Supplemental Indenture.

Denbury Resources Inc.

Sixth Supplemental Indenture

3

 

          7. 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.

          8. Effect of Headings. The Section headings herein are for convenience only and shall
not effect the construction thereof.

Denbury Resources Inc.

Guarantor Supplemental Indenture

4

 

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

	 	 	 	 	 
	 	DENBURY RESOURCES INC., on behalf of itself and the 
Existing
Subsidiary Guarantors,

 	 
	 	By:  	/s/ Phil Rykhoek
 	 
	 	Name:  	Phil Rykhoek 	 
	 	Title:  	Chief Executive Officer 	 
	 
	 	DENBURY PIPELINE HOLDINGS LLC

 	 
	 	By:  	/s/ Mark C. Allen
 	 
	 	Name:  	Mark C. Allen 	 
	 	Title:  	Senior Vice President and Chief Financial Officer 	 
	 
	 	DENBURY GULF COAST PIPELINES LLC

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

Denbury Resources Inc.

Guarantor Supplemental Indenture

5

 

	 	 	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, as 

Trustee

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

Denbury Resources Inc.

Guarantor Supplemental Indenture

6

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