Document:

First Supplemental Indenture

 Exhibit 4.1 
 AVIALL, INC. 
 AND 
 THE BANK OF NEW YORK TRUST COMPANY, N.A., 
 as Trustee

 FIRST SUPPLEMENTAL INDENTURE 
 Dated as of August 25, 2006 
 to 
 INDENTURE 
 Dated as of JUNE 30, 2003 
 $200,000,000 
 7 5/8% SENIOR NOTES DUE 2011 

 FIRST SUPPLEMENTAL INDENTURE, dated as of August 25, 2006, between AVIALL, INC., a Delaware
corporation (the “Company”), the Subsidiary Guarantors named herein and THE BANK OF NEW YORK TRUST COMPANY, N.A., as successor to The Bank of New York, a national banking association, as Trustee (the
“Trustee”). All capitalized terms used but not otherwise defined herein shall have the meaning given to such terms in the Indenture (as defined below). 
 WITNESSETH 
 WHEREAS, the Company and the Subsidiary Guarantors have
heretofore executed and delivered to the Trustee a certain Indenture, dated as of June 30, 2003 (the “Indenture”), pursuant to which $200,000,000 aggregate principal amount of 7 5/8% Senior Notes due 2011 of the Company (collectively, the “Notes”) were issued; and

 WHEREAS, the Company has entered into that certain Agreement and Plan of Merger (the “Merger Agreement”),
dated as of April, 30, 2006, with The Boeing Company, a Delaware corporation (“Boeing”), and Boeing-Avenger, Inc., a Delaware corporation and wholly-owned subsidiary of Boeing, whereby the Company agreed to commence a tender
offer for any and all of the outstanding Notes and a consent solicitation to amend certain terms of the Indenture; and 
 WHEREAS,
Section 9.02(a) of the Indenture provides that the Company and the Trustee may amend or supplement the Indenture and the Notes for certain purposes with the consent of the Holders of at least a majority in aggregate principal amount of the
Notes then outstanding; and 
 WHEREAS, Section 6.04 of the Indenture provides that, subject to certain exceptions, the Holders of at
least a majority in aggregate principal amount of the Notes then outstanding by written notice to the Trustee may, on behalf of the Holders of all the Notes, waive by consent any then existing or potential Default or Event of Default, and its
consequences; and 
 WHEREAS, in connection with the offer to purchase and consent solicitation by the Company pursuant to the Offer to
Purchase and Consent Solicitation Statement dated August 14, 2006, (as amended, the “Statement”), the Company has obtained the consent of the holders of a majority in aggregate principal amount of the Notes to the
amendments to the Indenture described in the Statement; and 
 WHEREAS, the Company desires and has requested the Trustee to join with it in
the execution and delivery of this First Supplemental Indenture; and 
 WHEREAS, the Company has furnished the Trustee with an Officers’
Certificate and an Opinion of Counsel complying with the requirements of Section 9.06 of the Indenture; and 
 WHEREAS, all things
necessary to make this First Supplemental Indenture a valid agreement of the Company and the Trustee and a valid amendment to and waiver of the Indenture have been done. 

 AGREEMENT 
 NOW, THEREFORE, for and in consideration of the foregoing premises, it is mutually covenanted and agreed for the equal and proportionate benefit of all Holders of the Notes, as follows: 
 SECTION 1. Amendments to the Indenture. 
  

	 	(a)	Section 1.01 of the Indenture is hereby amended to delete in their entirety all terms and their respective definitions for which all references are eliminated in the Indenture
as a result of the amendments set forth in clauses (b) – (d) of this Section 1. 

  

	 	(b)	The text of the following sections of the Indenture and all references thereto in the Indenture are hereby deleted in their entirety and the phrase “[Intentionally
deleted]” is hereby substituted therefor. 

  

	 	(1)	Section 4.02. Maintenance of Office or Agency. 

	 	(2)	Section 4.03. Reports. 

	 	(3)	Section 4.04. Compliance Certificate. 

	 	(4)	Section 4.05. Taxes. 

	 	(5)	Section 4.06. Stay, Extension and Usury Laws. 

	 	(6)	Section 4.07. Corporate Existence. 

	 	(7)	Section 4.08. Payments for Consent. 

	 	(8)	Section 4.09. Incurrence of Additional Debt and Issuance of Capital Stock. 

	 	(9)	Section 4.10. Restricted Payments. 

	 	(10)	Section 4.11. Liens. 

	 	(11)	Section 4.12. Asset Sales. 

	 	(12)	Section 4.13. Restrictions on Distributions From Restricted Subsidiaries. 

	 	(13)	Section 4.14. Affiliate Transactions. 

	 	(14)	Section 4.15. Sale and Leaseback Transactions. 

	 	(15)	Section 4.16. Limitation on Sale of Capital Stock of Restricted Subsidiaries. 

	 	(16)	Section 4.17. Designation of Restricted and Unrestricted Subsidiaries. 

	 	(17)	Section 4.19. Future Subsidiary Guarantors. 

	 	(18)	Section 5.01. Merger, Consolidation and Sale of Assets. 

	 	(19)	Section 5.02. Successor Corporation Substituted. 

  

	 	(c)	The definition of “Events of Default” in Section 6.01(a) is hereby amended to delete the following events of default and all references thereto in the
Indenture in their entirety: Section 6.01(a)(iii), Section 6.01(a)(iv), Section 6.01(a)(v) and Section 6.01(a)(vi). 

  

	 	(d)	Section 11.01(c) is hereby deleted in its entirety and Section 11.01(a)(ii) is hereby deleted in its entirety and the following is substituted therefor:

 All Notes that have not been previously delivered to the Trustee for cancellation (A) have become due and payable or
(B) will become due and payable at their maturity within one year or (C) are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of a notice of redemption by the Trustee, and the
Company or a third party has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust solely for the benefit of the Holders, cash in U.S. dollars, non-callable U.S. Government Obligations, or a combination thereof, in
such amounts as will be sufficient without consideration of any reinvestment of interest, to pay and 

 discharge the entire Debt on the Notes not previously delivered to the Trustee for cancellation for
principal, premium, if any, and interest on the Notes to the date of deposit, in the case of Notes that have become due and payable, or to the Stated Maturity or redemption date, as the case may be. 
 SECTION 2. Waiver. Notwithstanding anything to the contrary in the Notes, the Indenture or this First Supplemental Indenture, the transactions
contemplated by the Merger Agreement are expressly permitted by the Indenture, as amended by the First Supplemental Indenture. 
 SECTION 3.
Effectiveness. This First Supplemental Indenture shall become effective and be deemed effective as of the date first set forth above; provided, however, that the amendments to the Indenture set forth in Section 1 above shall not
become operative until the Company has accepted and made complete payment for any and all outstanding Notes validly tendered and not withdrawn pursuant to the terms of the Statement. On and after the effectiveness of this First Supplemental
Indenture, each reference to the Indenture in the Indenture or any other document related thereto shall mean and be a reference to the Indenture as amended by this First Supplemental Indenture. 
 SECTION 4. Ratification of Indenture. The Indenture as specifically amended by this First Supplemental Indenture is and shall continue to be in
full force and effect and is hereby in all respects ratified and confirmed. The execution, delivery and effectiveness of this First Supplemental Indenture shall not, except as expressly provided herein, operate as a waiver of any right, power or
remedy of any party hereto under the Indenture or any other document related thereto nor constitute a waiver of any provision thereof. 
 SECTION 5. Governing Law. THIS FIRST SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK. 
 SECTION 6. Headings, Etc. Section headings of this First Supplemental Indenture are inserted for convenience of reference only and are not to be
considered party of this First Supplemental Indenture for any purpose. 
 SECTION 7. Counterparts. This First Supplemental Indenture
may be executed by the parties hereto in separate counterparts, each of which shall be deemed an original, and all such counterparts shall together constitute but one and the same instrument. 
 SECTION 8. Trustee Not Responsible for Recitals. The recitals contained herein 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 First Supplemental Indenture. 
 [Signature page follows.] 

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

			
	 AVIALL, INC., Issuer

		
	By:	 	 /s/ Colin M. Cohen

	Name:	 	Colin M. Cohen
	Title:	 	Senior Vice President and Chief Financial Officer

  

	
	 Subsidiary Guarantors:

	
	AVIALL JAPAN LIMITED
	AVIALL SERVICES, INC.
	AVIALL PRODUCT REPAIR SERVICES, INC.
	INVENTORY LOCATOR SERVICE, LLC
	INVENTORY LOCATOR SERVICE-UK, INC.
	ILS EBUSINESS SERVICES, INC.

  

			
	By:	 	 /s/ Colin M. Cohen

	Name:	 	Colin M. Cohen
	Title:	 	Senior Vice President
	
	THE BANK OF NEW YORK TRUST COMPANY, N.A. Trustee
		
	By:	 	 /s/ John C. Stohlmann

	Name:	 	John C. Stohlmann
	Title:	 	Vice PresidentSecond Amendment to 5-Year Revolving Credit Agreement

 Exhibit 10.05 
  

 SECOND AMENDMENT 
 TO 
 5-YEAR REVOLVING CREDIT AGREEMENT 
 dated as of 
 May 15, 2006 
 among 
 VALERO LOGISTICS
OPERATIONS, L.P., 
 as Borrower, 
 VALERO L.P., 
 JPMORGAN CHASE BANK, N.A., 
 as Administrative Agent, 
 and

 The Lenders Party Hereto 
  

 SECOND AMENDMENT TO 5-YEAR REVOLVING CREDIT AGREEMENT 
 THIS SECOND AMENDMENT TO 5-YEAR REVOLVING CREDIT AGREEMENT (this “Second Amendment”) dated as of May 15, 2006, is among
VALERO LOGISTICS OPERATIONS, L.P., a Delaware limited partnership (the “Borrower”); VALERO L.P., a Delaware limited partnership (the “MLP”); JPMORGAN CHASE BANK, N.A., as administrative agent
(in such capacity, together with its successors in such capacity, the “Administrative Agent”) for the lenders party to the Credit Agreement referred to below (collectively, the “Lenders”); and the undersigned
Lenders. 
 R E C I T A L S 
 A. The Borrower, the Administrative Agent and the Lenders are parties to that certain 5-Year Revolving Credit Agreement dated as of December 20, 2004 (as amended by the First Amendment to 5-Year Revolving Credit
Agreement dated as of June 30, 2005 among the Borrower, the MLP, the Administrative Agent and the Lenders party thereto, the “Credit Agreement”), pursuant to which the Lenders have made certain extensions of credit available to
the Borrower. 
 B. The Borrower has requested and the Lenders have agreed to amend certain provisions of the Credit Agreement. 

C. NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 Section 1. Defined Terms. Each capitalized
term used herein but not otherwise defined herein has the meaning given such term in the Credit Agreement. Unless otherwise indicated, all references to Sections in this Second Amendment refer to Sections of the Credit Agreement. 
 Section 2. Amendments to Credit Agreement. 
 2.1 Amendments to Section 1.01. 
 (a) The definition of
“Agreement” is hereby amended in its entirety to read as follows: 
 “Agreement” means this
5-Year Revolving Credit Agreement, as amended by the First Amendment and the Second Amendment, as the same may be amended, modified, supplemented or restated from time to time in accordance herewith. 
 (b) The definition of “Change in Control” is hereby amended in its entirety to read as follows: 
 “Change in Control” means any of the following events: 
 (a) 100% (and not less than 100%) of the issued and outstanding Equity Interest of the general partner(s) of the Borrower shall cease to
be owned, directly or indirectly, or the Borrower shall cease to be Controlled, by the MLP; or 

 (b) 100% (and not less than 100%) of the limited partnership interests of the Borrower
shall cease to be owned in the aggregate, directly or indirectly, by the MLP; or 
 (c) the occurrence of any transaction that
results in any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act) other than a Permitted Holder becoming the Beneficial Owner, directly or indirectly, of more than 50% of the general
partner interests in the MLP. 
 (c) The following definitions are hereby added where alphabetically appropriate to read as
follows: 
 “Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the
Exchange Act, except that in calculating the beneficial ownership of any particular “person” (as that term is used in Section 13(d)(3) of the Exchange Act), such “person” will be deemed to have beneficial ownership of all
securities that such “person” has the right to acquire by conversion or exercise of other securities, whether such right is currently exercisable or is exercisable only upon the occurrence of a subsequent condition. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and any statute successor
thereto. 
 “Investment Grade Person” means a Person that has issued unsecured senior debt that has at least
two of the following ratings on the date the transaction constituting a Change in Control is consummated: 
 (a) BBB- or
above, in the case of S&P (or its equivalent under any successor rating categories of S&P); 
 (b) Baa3 or above, in
the case of Moody’s (or its equivalent under any successor rating categories of Moody’s); or 
 (c) the equivalent
in respect of the rating categories of any rating agencies substituted for S&P or Moody’s. 
 “Permitted
Holder” means Valero Energy or any Investment Grade Person. 
 “Second Amendment” means the Second
Amendment to 5-Year Revolving Credit Agreement dated as of May 15, 2006 among the Borrower, the MLP, the Administrative Agent and the Lenders party thereto. 
  

 2 

 Section 3. Conditions Precedent. This Second Amendment shall not become effective until the
date on which each of the following conditions is satisfied (or waived in accordance with Section 10.02 of the Credit Agreement) (the “Effective Date”): 
 3.1 The Administrative Agent and the Lenders shall have received all fees and other amounts due and payable, if any, in connection with this Second
Amendment on or prior to the Effective Date. 
 3.2 The Administrative Agent shall have received from the Required Lenders, the Borrower and
the MLP, counterparts (in such number as may be requested by the Administrative Agent) of this Second Amendment signed on behalf of such Persons. 
 3.3 The Administrative Agent shall have received such other documents as the Administrative Agent or special counsel to the Administrative Agent may reasonably request. 
 3.4 No Default shall have occurred and be continuing, after giving effect to the terms of this Second Amendment. 
 Section 4. Miscellaneous. 
 4.1
Confirmation. The provisions of the Credit Agreement, as amended by this Second Amendment, shall remain in full force and effect following the effectiveness of this Second Amendment. 
 4.2 Ratification and Affirmation; Representations and Warranties. The Borrower and the MLP each hereby (a) acknowledges the terms of this
Second Amendment; (b) ratifies and affirms its obligations under, and acknowledges, renews and extends its continued liability under, each Loan Document to which it is a party and agrees that each Loan Document to which it is a party remains in
full force and effect, except as expressly amended hereby, notwithstanding the amendments contained herein and (c) represents and warrants to the Lenders that as of the date hereof, after giving effect to the terms of this Second Amendment:
(i) all of the representations and warranties contained in each Loan Document to which it is a party are true and correct, unless such representations and warranties are stated to relate to a specific earlier date, in which case, such
representations and warranties shall continue to be true and correct as of such earlier date and (ii) no Default has occurred and is continuing. 
 4.3 Loan Document. This Second Amendment is a “Loan Document” as defined and described in the Credit Agreement and all of the terms and provisions of the Credit Agreement relating to Loan Documents
shall apply hereto. 
 4.4 Counterparts. This Second Amendment may be executed by one or more of the parties hereto in any number of
separate counterparts, and all of such counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of this Second Amendment by facsimile transmission shall be effective as delivery of a manually executed
counterpart hereof. 
 4.5 NO ORAL AGREEMENT. THIS SECOND AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS EXECUTED IN
CONNECTION 

  

 3 

 
HEREWITH AND THEREWITH REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR UNWRITTEN ORAL
AGREEMENTS OF THE PARTIES. THERE ARE NO ORAL AGREEMENTS BETWEEN THE PARTIES. 
 4.6 GOVERNING LAW. THIS SECOND AMENDMENT (INCLUDING,
BUT NOT LIMITED TO, THE VALIDITY AND ENFORCEABILITY HEREOF) SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 [SIGNATURES BEGIN NEXT PAGE] 
  

 4 

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

					
	VALERO LOGISTICS OPERATIONS, L.P.
		
	By:	 	Valero GP, Inc., its General Partner
			
		 	By:	 	 /s/ Steven A. Blank

		 		 	Steven A. Blank
		 		 	Senior Vice President and
		 		 	Chief Financial Officer
	
	VALERO L.P.
		
	By:	 	Riverwalk Logistics, L.P., its General
		 	Partner
		
	By:	 	Valero GP, LLC, its General Partner
			
		 	By:	 	 /s/ Steven A. Blank

		 		 	Steven A. Blank
		 		 	Senior Vice President and
		 		 	Chief Financial Officer

  

 S-1 

			
	 JPMORGAN CHASE BANK, N.A., individually
 and
as Administrative Agent

		
	By	 	 /s/ Robert W. Traband

	Name:	 	Robert W. Traband
	Title:	 	Vice President

  

 S-2 

			
	 SUNTRUST BANK, individually and as
 Syndication Agent

		
	By	 	 /s/ Peter Panos

	Name:	 	Peter Panos
	Title:	 	Vice President

  

 S-3 

			
	 BARCLAYS BANK PLC, individually and as
 Co-Documentation Agent

		
	By	 	 /s/ Allison McGuigan

	Name:	 	Allison McGuigan
	Title:	 	Associate Director

  

 S-4 

			
	 MIZUHO CORPORATE BANK (USA),
 individually
and as Co-Documentation Agent

		
	By	 	 /s/ Raymond Ventura

	Name:	 	Raymond Ventura
	Title:	 	Senior Vice President

  

 S-5 

			
	 ROYAL BANK OF CANADA, individually and as
 Co-Documentation Agent

		
	By	 	 /s/ Dan J. McKinnerney

	Name:	 	Dan J. McKinnerney
	Title:	 	Authorized Signatory

  

 S-6 

			
	 THE BANK OF TOKYO-MITSUBISHI, LTD.,
 individually and as Co-Managing Agent

		
	By	 	 /s/ Kelton Glasscock

	Name:	 	Kelton Glasscock
	Title:	 	Vice President & Manager

  

 S-7 

			
	BANK OF AMERICA, N.A., individually and as
	Co-Managing Agent
		
	By	 	 /s/ Claire Liu

	Name:	 	Claire Liu
	Title:	 	Senior Vice President

  

 S-8 

			
	 THE BANK OF NOVA SCOTIA, individually and
 as
Co-Managing Agent

		
	By	 	 /s/ William E. Zarrett

	Name:	 	William E. Zarrett
	Title:	 	Managing Director

  

 S-9 

			
	BNP PARIBAS, individually and as
	Co-Managing Agent
		
	By	 	 /s/ Larry Robinson

	Name:	 	Larry Robinson
	Title:	 	Director
		
	By	 	 /s/ Greg Smothers

	Name:	 	Greg Smothers
	Title:	 	Vice President

  

 S-10 

			
	CITIBANK, N.A., individually and as
	Co-Managing Agent
		
	By	 	 /s/ Amy K. Pincu

	Name:	 	Amy K. Pincu
	Title:	 	Attorney-in-Fact

  

 S-11 

			
	THE ROYAL BANK OF SCOTLAND plc,
	individually and as Co-Managing Agent
		
	By	 	 /s/ Paul McDonagh

	Name:	 	Paul McDonagh
	Title:	 	Managing Director

  

 S-12 

			
	 BAYERISCHE HYPO-UND VEREINSBANK
 AG, NEW YORK BRANCH, individually and as

	Co-Managing Agent
		
	By	 	  

	Name:	 	
	Title:	 	
		
	By	 	  

	Name:	 	
	Title:	 	

  

 S-13 

			
	KEYBANK NATIONAL ASSOCIATION,
	individually and as Co-Managing Agent
		
	By	 	 /s/ Thomas Rajan

		 	Thomas Rajan
		 	Senior Vice President

  

 S-14 

			
	 SUMITOMO MITSUI BANKING CORPORATION,
 individually and as Co-Managing Agent

		
	By	 	 /s/ David A. Buck

	Name:	 	David A. Buck
	Title:	 	Senior Vice President

  

 S-15 

			
	CALYON NEW YORK BRANCH, individually and as Co-Managing Agent
		
	By	 	 /s/ Bertrand Cord’homme

	Name:	 	Bertrand Cord’homme
	Title:	 	Director
		
	By	 	 /s/ Page Dillehunt

	Name:	 	Page Dillehunt
	Title:	 	Managing Director

  

 S-16 

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, individually and as Co-Managing Agent
		
	By	 	 /s/ Jo Ann Vasquez

	Name:	 	Jo Ann Vasquez
	Title:	 	Vice President

  

 S-17 

			
	LEHMAN BROTHERS BANK, FSB
		
	By	 	 /s/ Janine M. Shugan

	Name:	 	Janine M. Shugan
	Title:	 	Authorized Signatory

  

 S-18 

			
	UBS LOAN FINANCE LLC
		
	By	 	 /s/ Iris R. Otsa

	Name:	 	Iris R. Otsa
	Title:	 	Associate Director, Banking Products Services, US
		
	By	 	 /s/ Richard L. Tavrow

	Name:	 	Richard L. Tavrow
	Title:	 	Director, Banking Products Services, US

  

 S-19 

			
	COMPASS BANK
		
	By	 	 /s/ David G. Mills

	Name:	 	David G. Mills
	Title:	 	Senior Vice President

  

 S-20 

			
	BANK HAPOALIM B.M.
		
	By	 	  

	Name:	 	
	Title:	 	
		
	By	 	  

	Name:	 	
	Title:	 	

  

 S-21

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