Document:

Fifth Supplemental Indenture

 Exhibit 4.5.1 

  
 CHESAPEAKE ENERGY CORPORATION 
  
 and 
  
 the Subsidiary Guarantors named herein 
  

  
 9% SENIOR NOTES DUE 2012 
  
 FIFTH SUPPLEMENTAL INDENTURE

  
 DATED AS OF AUGUST 30, 2004 
  

  
 THE BANK OF NEW YORK 
  
 as Trustee 
  

 THIS FIFTH SUPPLEMENTAL INDENTURE, dated as of August 30, 2004, is among Chesapeake Energy Corporation,
an Oklahoma corporation (the “Company”), each of the parties identified under the caption “Subsidiary Guarantors” on the signature page hereto (the “Subsidiary Guarantors”) and The Bank of New York, as
Trustee. 
  
 RECITALS 
  
 WHEREAS, the Company, the Subsidiary Guarantors a party thereto and the
Trustee entered into an Indenture, dated as of August 12, 2002, as supplemented prior to the date hereof (the “Indenture”), pursuant to which the Company has originally issued $250,000,000 in principal amount of 9% Senior
Notes due 2012 (the “Notes”); and 
  
 WHEREAS,
Section 9.01(3) of the Indenture provides that the Company, the Subsidiary Guarantors and the Trustee may amend or supplement the Indenture without notice to or consent of any Holder to reflect: (a) the addition of any Subsidiary Guarantor, as
provided for in the Indenture, and (b) the release of any Subsidiary Guarantor as provided for in the Indenture; and 
  
 WHEREAS, the Board of Directors of the Company has designated Chesapeake BNR Corp., Chesapeake NFW, L.P. and Chesapeake LNG, L.P. as Restricted
Subsidiaries of the Company and desires to add such entities as Subsidiary Guarantors under the Indenture; and 
  
 WHEREAS, the Company has taken all actions required to effect the release, pursuant to Sections 10.02 and 10.04 of the Indenture, of Gothic Energy,
L.L.C., an Oklahoma limited liability company (“GELLC”) and The Ames Company, L.L.C., an Oklahoma limited liability company (“Ames”), as Subsidiary Guarantors; 
  
 WHEREAS, all acts and things prescribed by the Indenture, by law and by the charter and the bylaws (or comparable
constituent documents) of the Company, of the Subsidiary Guarantors and of the Trustee necessary to make this Fifth 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: 
  

 - 2 - 

 ARTICLE 1 
  

Section 1.01. This Fifth 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 1.02. This Fifth Supplemental Indenture shall become effective immediately upon its execution and delivery by each of the Company, the Subsidiary Guarantors and the Trustee. 
  
 ARTICLE 2 
  
 Section 2.01. From this date, in accordance with Section 10.03 of the Indenture and by executing this Fifth
Supplemental Indenture, Chesapeake BNR Corp., an Oklahoma corporation, Chesapeake NFW, L.P., an Oklahoma limited partnership, and Chesapeake LNG, L.P., an Oklahoma limited partnership, are subject to the provisions of the Indenture as Subsidiary
Guarantors to the extent provided for in Article Ten thereunder. 
  
 ARTICLE 3 
  
 Section 3.01. As a result of
the merger of GELLC, with and into Gothic Production, L.L.C., an Oklahoma limited liability company (“GPLLC”), which constitutes a merger with a Subsidiary Guarantor under Section 10.02(a) of the Indenture, GELLC shall for all purposes be
released as a Subsidiary Guarantor from all of its Guarantee and related obligations in the Indenture, pursuant to Section 10.04 of the Indenture. The notation on the Securities relating to the Guarantee shall be deemed to exclude the name of GELLC
and the signature of an Officer of GELLC on its behalf. 
  
 Section 3.02. As the surviving entity in its merger with GELLC and a Subsidiary Guarantor, GPLLC hereby agrees to assume all of the obligations of GELLC. 
  
 Section 3.03. As a result of the dissolution of Ames, the Company has taken all actions required to effect the
release, pursuant to Section 10.04 of the Indenture, of Ames as a Subsidiary Guarantor. The notation on the Securities relating to the Guarantee shall be deemed to exclude the name of Ames and the signature of an Officer of Ames on its behalf.

  
 ARTICLE 4 
  
 Section 4.01. 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 with all capitalized terms used herein without definition having the same respective meanings
ascribed to them as in the Indenture. 
  

 - 3 - 

 Section 4.02. 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 Fifth Supplemental Indenture. This Fifth 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. 
  
 Section 4.03. The Company hereby notifies the Trustee that Chesapeake BNR Corp., Chesapeake NFW, L.P. and Chesapeake
LNG, L.P. have each been designated by the Board of Directors of the Company as a Restricted Subsidiary (as that term is defined in the Indenture). 
  
 Section 4.04. THE LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE AND ENFORCE THIS FIFTH SUPPLEMENTAL INDENTURE. 
  
 Section 4.05. The parties may sign any number of copies of this Fifth
Supplemental Indenture. Each signed copy shall be an original, but all of such executed copies together shall represent the same agreement. 
  
 [NEXT PAGE IS SIGNATURE PAGE] 
  

 - 4 - 

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

			
	 COMPANY:

	
	 CHESAPEAKE ENERGY CORPORATION

		
	 By:
	 	 /s/ Aubrey K. McClendon

	 Name:
	 	 Aubrey K. McClendon

	 Title:
	 	 Chief Executive Officer

	
	 SUBSIDIARY GUARANTORS:

	
	 CHESAPEAKE SOUTH TEXAS CORP.

	 CHESAPEAKE ENERGY LOUISIANA

	 CORPORATION

	 CHESAPEAKE OPERATING, INC.

	 NOMAC DRILLING CORPORATION

	 CHESAPEAKE BNR CORP.

	 CARMEN ACQUISITION, L.L.C.

	 CHESAPEAKE ACQUISITION, L.L.C.

	 CHESAPEAKE ENO ACQUISITION, L.L.C.
 CHESAPEAKE EP, L.L.C.

	 CHESAPEAKE FOCUS, L.L.C.

	 CHESAPEAKE KNAN ACQUISITION, L.L.C.

	 CHESAPEAKE MOUNTAIN FRONT, L.L.C.

	 CHESAPEAKE ORC, L.L.C.

	 CHESAPEAKE ROYALTY, L.L.C.

	 GOTHIC PRODUCTION, L.L.C.

	 SAP ACQUISITION, L.L.C.

	 MC MINERAL COMPANY, L.L.C.

	 JOHN C. OXLEY, L.L.C.

	 OXLEY PETROLEUM CO.

	 CHESAPEAKE PRH CORP.

	 CHESAPEAKE PERMIAN ACQUISITION, L.L.C.

		
	 By:
	 	 /s/ Aubrey K. McClendon

	 Name:
	 	 Aubrey K. McClendon

	 Title:
	 	 Chief Executive Officer

  

 - 5 - 

  

					
	CHESAPEAKE EXPLORATION LIMITED
	PARTNERSHIP
	CHESAPEAKE LOUISIANA, L.P.
	CHESAPEAKE PANHANDLE LIMITED
	PARTNERSHIP
	CHESAPEAKE-STAGHORN ACQUISITION L.P.
	CHESAPEAKE SIGMA, L.P.
	CHESAPEAKE PERMIAN, L.P.
	CHESAPEAKE ZAPATA, L.P.
	CHESAPEAKE LNG, L.P.
	CHESAPEAKE NFW, L.P.
		
	 	 	By: Chesapeake Operating, Inc. as general partner of each representative entity
			
	 	 	By:	 	 /s/ Aubrey K. McClendon

	 	 	Name:	 	Aubrey K. McClendon
	 	 	Title:	 	Chief Executive Officer

			
	
	 TRUSTEE:

	
	 THE BANK OF NEW YORK, as Trustee

		
	 By:
	 	 /s/ Steven D. Torgeson

	 Name:
	 	 Steven. D. Torgeson

	 Title:
	 	 Vice President

  

 - 6 -Sixth Supplemental Indenture

 Exhibit 4.5.2 

  
 CHESAPEAKE ENERGY CORPORATION 
  
 and 
  
 the Subsidiary Guarantors named herein 
  

  
 9% SENIOR NOTES DUE 2012 
  

  

SIXTH SUPPLEMENTAL INDENTURE 
  
 DATED AS OF SEPTEMBER 27, 2004 
  

  
 THE BANK OF NEW YORK 
  
 as Trustee 
  

 THIS SIXTH SUPPLEMENTAL INDENTURE, dated as of September 27, 2004, is among Chesapeake Energy
Corporation, an Oklahoma corporation (the “Company”), each of the parties identified under the caption “Subsidiary Guarantors” on the signature page hereto (the “Subsidiary Guarantors”) and The Bank of New
York, as Trustee. 
  
 RECITALS 
  
 WHEREAS, the Company, the Subsidiary Guarantors a party thereto and the
Trustee entered into an Indenture, dated as of August 12, 2002, as supplemented prior to the date hereof (the “Indenture”), pursuant to which the Company has originally issued $250,000,000 in principal amount of 9% Senior
Notes due 2012 (the “Notes”); and 
  
 WHEREAS,
Section 9.01(3) of the Indenture provides that the Company, the Subsidiary Guarantors and the Trustee may amend or supplement the Indenture without notice to or consent of any Holder to reflect the addition of any Subsidiary Guarantor, as provided
for in the Indenture; and 
  
 WHEREAS, the Board of Directors of
the Company has redesignated the following Unrestricted Subsidiaries of the Company as Restricted Subsidiaries of the Company and desires to add such entities as Subsidiary Guarantors under the Indenture: (a) Chesapeake Energy Marketing, Inc., (b)
Mayfield Processing, LLC and (c) MidCon Compression, L.P.; and 
  
 WHEREAS, after giving effect to the redesignation of Chesapeake Energy Marketing, Inc., Mayfield Processing, LLC and MidCon Compression, L.P. as Restricted Subsidiaries of the Company, the Company could incur at least $1.00 in additional
Indebtedness pursuant to Section 4.09(a); and 
  
 WHEREAS, all
acts and things prescribed by the Indenture, by law and by the charter and the bylaws (or comparable constituent documents) of the Company, of the Subsidiary Guarantors and of the Trustee necessary to make this Sixth 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: 
  

 - 2 - 

 ARTICLE 1 
  

Section 1.01. This Sixth 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 1.02. This Sixth Supplemental Indenture shall become effective immediately upon its execution and delivery by each of the Company, the Subsidiary Guarantors and the Trustee. 
  
 ARTICLE 2 
  
 Section 2.01. From this date, in accordance with Section 10.03 of the Indenture and by executing this Sixth
Supplemental Indenture, Chesapeake Energy Marketing, Inc., an Oklahoma corporation, Mayfield Processing, LLC, an Oklahoma limited liability company, and MidCon Compression, L.P., an Oklahoma limited partnership, are subject to the provisions of the
Indenture as Subsidiary Guarantors to the extent provided for in Article Ten thereunder. 
  
 ARTICLE 3 
  
 Section
3.01. 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 with all capitalized terms
used herein without definition having the same respective meanings ascribed to them as in the Indenture. 
  
 Section 3.02. 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 Sixth Supplemental Indenture. This Sixth 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. 
  
 Section 3.03. The Company hereby notifies the Trustee that Chesapeake Energy Marketing, Inc., Mayfield Processing, LLC and MidCon Compression, L.P.
have each been redesignated by the Board of Directors of the Company as a Restricted Subsidiary (as that term is defined in the Indenture). 
  
 Section 3.04. THE LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE AND ENFORCE THIS SIXTH SUPPLEMENTAL INDENTURE. 
  
 Section 3.05. The parties may sign any number of copies of this Sixth
Supplemental Indenture. Each signed copy shall be an original, but all of such executed copies together shall represent the same agreement. 
  
 [NEXT PAGE IS SIGNATURE PAGE] 
  

 - 3 - 

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

			
	 COMPANY:

	
	CHESAPEAKE ENERGY CORPORATION
		
	By:	 	 /s/ Aubrey K. McClendon

	Name:	 	Aubrey K. McClendon
	Title:	 	Chief Executive Officer
	
	SUBSIDIARY GUARANTORS:
	
	CHESAPEAKE ENERGY LOUISIANA
	CORPORATION
	CHESAPEAKE ENERGY MARKETING, INC.
	CHESAPEAKE OPERATING, INC.
	CHESAPEAKE PRH CORP.
	CHESAPEAKE SOUTH TEXAS CORP.
	NOMAC DRILLING CORPORATION
	OXLEY PETROLEUM CO.
	CHESAPEAKE BNR CORP.
	CARMEN ACQUISITION, L.L.C.
	CHESAPEAKE ACQUISITION, L.L.C.
	 CHESAPEAKE ENO ACQUISITION, L.L.C.
 CHESAPEAKE EP, L.L.C.

	CHESAPEAKE FOCUS, L.L.C.
	CHESAPEAKE KNAN ACQUISITION, L.L.C.
	CHESAPEAKE MOUNTAIN FRONT, L.L.C.
	CHESAPEAKE ORC, L.L.C.
	CHESAPEAKE PERMIAN ACQUISITION, L.L.C.
	CHESAPEAKE ROYALTY, L.L.C.
	GOTHIC PRODUCTION, L.L.C.
	JOHN C. OXLEY, L.L.C.
	MC MINERAL COMPANY, L.L.C.
	MAYFIELD PROCESSING, LLC
	SAP ACQUISITION, L.L.C.
		
	By:	 	 /s/ Aubrey K. McClendon

	Name:	 	Aubrey K. McClendon
	Title:	 	Chief Executive Officer

  

 - 4 - 

					
	CHESAPEAKE EXPLORATION LIMITED
	PARTNERSHIP
	CHESAPEAKE LOUISIANA, L.P.
	CHESAPEAKE PANHANDLE LIMITED
	PARTNERSHIP
	CHESAPEAKE PERMIAN, L.P.
	CHESAPEAKE SIGMA, L.P.
	CHESAPEAKE-STAGHORN ACQUISITION L.P.
	CHESAPEAKE ZAPATA, L.P.
	MIDCON COMPRESSION, L.P.
	CHESAPEAKE LNG, L.P.
	CHESAPEAKE NFW, L.P.
		
	 	 	By: Chesapeake Operating, Inc. as general partner of each representative entity
			
	 	 	By:	 	 /s/ Aubrey K. McClendon

	 	 	Name:	 	Aubrey K. McClendon
	 	 	Title:	 	Chief Executive Officer
	
	TRUSTEE:
	
	THE BANK OF NEW YORK, as Trustee
		
	By:	 	 /s/ Steven D. Torgeson

	Name:	 	Steven. D. Torgeson
	Title:	 	Vice President

  

 - 5 -

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