Document:

crk-ex411_1264.htm

Exhibit 4.11

 

 

 

 

COMSTOCK RESOURCES, INC.

and

the Subsidiary Guarantors named herein

____________________________

91⁄2% Convertible Secured PIK Notes due 2020

____________________________

 

FIRST SUPPLEMENTAL INDENTURE 

DATED AS OF NOVEMBER 17, 2016

____________________________

american stock transfer & trust company, llc,

as Trustee 

____________________________

 

 

 

This FIRST SUPPLEMENTAL INDENTURE, dated as of November 17, 2016 (this “Supplemental Indenture”) is among Comstock Resources, Inc., (the “Company”), each of the Subsidiary Guarantors (as defined in the Indenture referred to below) and American Stock Transfer & Trust Company, LLC, as Trustee.

RECITALS

WHEREAS, the Company, the Subsidiary Guarantors and the Trustee entered into an Indenture, dated as of September 6, 2016 (as heretofore amended, supplemented or otherwise modified, the “Indenture”), providing for the issuance of the Company’s 91⁄2% Convertible Secured PIK Notes due 2020 (the “Notes”) and the Additional Notes;

WHEREAS, Section 9.01(a)(4) of the Indenture provides that the Company, the Subsidiary Guarantors and the Trustee may amend or supplement the Indenture, without the consent of the Holders of the Notes, to cure any ambiguity, correct or supplement any provision in the Indenture which may be inconsistent with any other provision of the Indenture, or to make any other provisions with respect to matters or questions arising under the Indenture, provided that such action does not adversely affect the interests of any Holder; and

WHEREAS, all acts and things prescribed by the Indenture, by law and by the Certificate of Incorporation and the Bylaws (or comparable constituent documents) of the Company, of the Subsidiary Guarantors and of the Trustee necessary to make this 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:

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

Section 2.Relation to Indenture.  This 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 3.Effectiveness of Supplemental Indenture.  This Supplemental Indenture shall become effective immediately upon its execution and delivery by each of the Company, the Subsidiary Guarantors and the Trustee.

Section 4.Form of Notice of Conversion.  The Form of Notice of Conversion found on Page A-11 of Exhibit A to the Indenture is hereby deleted and replaced in its entirety with the contents of Exhibit A hereto.

Section 5.Ratification of Obligations.  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.

Section 6.The Trustee.  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 Supplemental Indenture.  This 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 representation as to the validity or sufficiency of this Supplemental Indenture or to the recitals contained herein, all of which are made exclusively by the Company and the Subsidiary Guarantors.

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

Section 8.Counterparts.  The parties may sign any number of copies of this Supplemental Indenture.  Each signed copy shall be an original, but all of such executed copies together shall represent the same agreement.  Signature of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes.

[Signatures on following pages]

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

Company:

Comstock Resources, Inc.

	
 
	
By:
	
/s/ ROLAND O. BURNS

	
 
	
Name:
	
Roland O. Burns

	
 
	
Title:
	
President

Subsidiary Guarantors:

Comstock Oil & Gas, LP

 

By:Comstock Oil & Gas GP, LLC,
its general partner

 

By:Comstock Resources, Inc.,
its sole member

 

	
 
	
By:
	
/s/ ROLAND O. BURNS

	
 
	
Name:
	
Roland O. Burns

Title:President

 

 

Comstock Oil & Gas - Louisiana, LLC

 

	
 
	
By:
	
/s/ ROLAND O. BURNS

	
 
	
Name:
	
Roland O. Burns

Title:President

 

 

Comstock Oil & Gas GP, LLC

 

	
 
	
By:
	
/s/ ROLAND O. BURNS

	
 
	
Name:
	
Roland O. Burns

Title:President

 

Comstock Oil & Gas Investments LLC

 

	
 
	
By:
	
/s/ ROLAND O. BURNS

	
 
	
Name:
	
Roland O. Burns

Title:Manager

 

Comstock Oil & Gas Holdings, Inc.

 

	
 
	
By:
	
/s/ ROLAND O. BURNS

	
 
	
Name:
	
Roland O. Burns

Title:President

Trustee:

American Stock Transfer & Trust Company, LLC, as Trustee

	
 
	
By:
	
/s/ PAUL H. KIM

	
 
	
Name: 
	
Paul H. Kim

Title: Assistant General Counsel

EXHIBIT A

[FORM OF NOTICE OF CONVERSION]

		
	
TTo:
	

                  Comstock Resources, Inc.

The undersigned registered owner of this Note hereby exercises the option to convert this Note (which together with other Notes of the Holder being converted is at least $1,000 in aggregate principal amount and adjusted pro rata for amounts to be converted in integral multiples of $1.00 in excess thereof) below designated, into shares of Common Stock, in accordance with the terms of the Indenture referred to in the Note, and directs that any shares of Common Stock issuable and deliverable upon such conversion, together with any cash for any fractional share, and any Notes representing any unconverted principal amount thereof, be issued and delivered to the registered Holder hereof unless a different name has been indicated below.  If any shares of Common Stock are to be issued in the name of a Person other than the undersigned, the undersigned will pay all documentary, stamp or similar issue or transfer taxes, if any in accordance with Section 12.04 of the Indenture. Any amount required to be paid to the undersigned on account of interest accompanies the Note.

In the case of Definitive Notes, the certificate numbers of the Notes to be converted are as set forth below:

Date:______________________________

 

______________________________
Signature(s)

Signature Guarantee

Signature(s) must be guaranteed by an eligible Guarantor Institution (banks, stock brokers, savings and loan associations and credit unions) with membership in an approved signature guarantee medallion program pursuant to Securities and Exchange Commission Rule 17Ad-15 if shares of Common Stock are to be issued, or Notes are to be delivered, other than to and in the name of the registered holder.

Fill in for registration of shares if to be issued, and Notes if to be delivered, other than to and in the name of the registered holder:

_______________________
(Name)EX-4.1

 Exhibit 4.1 

MATADOR RESOURCES COMPANY 

FOURTH SUPPLEMENTAL INDENTURE 

FOURTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of February 17, 2017, among Longwood Midstream
Holdings, LLC, a Texas limited liability Company (the “New Guarantor”), a subsidiary of Matador Resources Company, a Texas corporation (the “Company”), DLK Black River Midstream, LLC, a Texas limited liability
company (“DLK Black River”), Black River Water Management Company, LLC, a Texas limited liability company (“Black River Water”), the other existing Guarantors (as defined in the Indenture referred to herein), the
Company and Wells Fargo Bank, National Association, as trustee under the Indenture referred to herein (the “Trustee”). The New Guarantor and the existing Guarantors are sometimes referred to collectively herein as the
“Guarantors,” or individually as a “Guarantor.” 
 W I T N E S S E T H 

WHEREAS, the Company and the existing Guarantors have heretofore executed and delivered to the Trustee an indenture, dated as of
April 14, 2015, as supplemented and amended by the First Supplemental Indenture, dated as of October 1, 2015, the Second Supplemental Indenture, dated as of November 4, 2015 and the Third Supplemental Indenture, dated as of
June 8, 2016 (as amended, the “Indenture”), relating to the 6.875% Senior Notes due 2023 (the “Securities”) of the Company; 

WHEREAS, DLK Black River and Black River Water (collectively, the “Contributed Entities”) are parties to and Guarantors under
the Indenture; 
 WHEREAS, Section 4.9 of the Indenture in certain circumstances requires the Company to cause a
Restricted Subsidiary (i) to become a Guarantor by executing a supplemental indenture and (ii) to deliver an Opinion of Counsel to the Trustee as provided in such Section; 

WHEREAS, Section 10.9 of the Indenture permits the release of the Subsidiary Guarantee of a Guarantor at such time
as such Guarantor ceases to guarantee any other Indebtedness (as defined in the Indenture) of the Company or any other Guarantor under a Credit Facility (as defined in the Indenture); and 

WHEREAS, pursuant to Section 9.1 of the Indenture, the Company, the Guarantors and the Trustee are authorized to
execute and deliver this Supplemental Indenture to amend or supplement the Indenture without the consent of any Holder; 
 NOW THEREFORE, to
comply with the provisions of the Indenture and in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the New Guarantor, DLK Black River, Black River Water, the other
Guarantors, the Company and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Securities as follows: 

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

  
 1 

 2. AGREEMENT TO GUARANTEE. The New Guarantor hereby
agrees, jointly and severally, with all other Guarantors, to unconditionally Guarantee to each Holder and to the Trustee the Obligations, to the extent set forth in the Indenture and subject to the provisions in the Indenture. The obligations of the
Guarantors to the Holders of Securities and to the Trustee pursuant to the Subsidiary Guarantees and the Indenture are expressly set forth in Article X of the Indenture and reference is hereby made to the Indenture for the precise terms of
the Subsidiary Guarantees. 
 3. RELEASE OF GUARANTOR. On the date hereof and effective upon
the time that the Contributed Entities have ceased to guarantee any other indebtedness of the Company or any other Guarantor under a Credit Facility, the parties agree that each Contributed Entity is released as a party to and as a Guarantor under
the Indenture and that each Contributed Entity has no further obligations or liabilities under its Subsidiary Guarantee or the provisions of the Indenture. 

4. EXECUTION AND DELIVERY. The New Guarantor agrees that its Subsidiary Guarantee shall remain in
full force and effect notwithstanding any failure to endorse on each Security a notation of such Subsidiary Guarantee. 
 5. NEW YORK LAW TO
GOVERN. THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE AND ENFORCE THIS SUPPLEMENTAL INDENTURE. 
 6.
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. This Supplemental Indenture may be executed in
multiple counterparts which, when taken together, shall constitute one instrument. The exchange of copies of this Supplemental Indenture and of signatures 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. 
 7. EFFECT OF HEADINGS. The Section headings herein are for convenience only and
shall not affect the construction hereof. 
 8. THE TRUSTEE. 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 Supplemental Indenture. This 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. 

[signature page follows] 

  
 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. 
  

			
	MATADOR RESOURCES COMPANY
		
	By:	 	 /s/ David E. Lancaster

	Name:	 	David E. Lancaster
	Title:	 	Executive Vice President
	
	BLACK RIVER WATER MANAGEMENT COMPANY, LLC
		
	By:	 	 /s/ David E. Lancaster

	Name:	 	David E. Lancaster
	Title:	 	Executive Vice President
	
	DLK BLACK RIVER MIDSTREAM, LLC
		
	By:	 	 /s/ David E. Lancaster

	Name:	 	David E. Lancaster
	Title:	 	Executive Vice President
	
	LONGWOOD MIDSTREAM HOLDINGS, LLC
		
	By:	 	 /s/ David E. Lancaster

	Name:	 	David E. Lancaster
	Title:	 	Executive Vice President

  
 Signature Page to Fourth
Supplemental Indenture 

 
					
	 GUARANTORS:

	
	DELAWARE WATER MANAGEMENT COMPANY, LLC

	 LONGWOOD GATHERING AND DISPOSAL

SYSTEMS GP, INC.

	 LONGWOOD MIDSTREAM SOUTH TEXAS, LLC

	 LONGWOOD MIDSTREAM SOUTHEAST, LLC

	 LONGWOOD MIDSTREAM DELAWARE, LLC

	 MATADOR PRODUCTION COMPANY

	 MRC ENERGY COMPANY

	 MRC DELAWARE RESOURCES, LLC

	 MRC ENERGY SOUTHEAST COMPANY, LLC

	 MRC ENERGY SOUTH TEXAS COMPANY, LLC

	 MRC PERMIAN COMPANY

	 MRC PERMIAN LKE COMPANY, LLC

	 MRC ROCKIES COMPANY

	SOUTHEAST WATER MANAGEMENT COMPANY, LLC

		
	By:	 	 /s/ David E. Lancaster

	Name:	 	David E. Lancaster
	Title:	 	Executive Vice President
	
	LONGWOOD GATHERING AND DISPOSAL SYSTEMS, LP

			
		 	By:	 	Longwood Gathering and Disposal Systems GP, Inc., its general partner
		
	By:	 	 /s/ David E. Lancaster

	Name:	 	David E. Lancaster
	Title:	 	Executive Vice President

  
 Signature Page to Fourth
Supplemental Indenture 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ John Stohlmann

	Name:	 	John Stohlmann
	Title:	 	Vice President

  
 Signature Page to Fourth
Supplemental Indenture

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00267-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00267-of-00352.parquet"}]]