Document:

KWK 8-K 2013.06.12 EX4.2

Exhibit 4.2

TWENTY-SECOND SUPPLEMENTAL INDENTURE
This TWENTY-SECOND SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of June 12, 2013, among Quicksilver Resources Inc., a Delaware corporation (the “Company”), the Subsidiary Guarantors (as defined in the Indenture referred to herein) and The Bank of New York Mellon Trust Company, N.A., as Trustee.
W I T N E S S E T H
WHEREAS, the Company and the Trustee entered into an Indenture, dated as of December 22, 2005, by and among the Company, the subsidiary guarantors party thereto and the Trustee (the “Original Indenture”), as supplemented by a Seventh Supplemental Indenture, dated as of June 25, 2009  (the “Seventh Supplemental Indenture”), an Eleventh Supplemental Indenture, dated as of December 23, 2011, a Fifteenth Supplemental Indenture, dated February 28, 2012, and a Nineteenth Supplemental Indenture, dated as of June 13, 2012 (the Original Indenture, as so supplemented, the “Indenture”), pursuant to which the Company has issued $590,620,000 of aggregate principal amount of 11 3⁄4% Senior Notes due 2016 (the “Notes”);
WHEREAS, Section 10.02 of the Original Indenture provides that, in certain circumstances, the Company, the Subsidiary Guarantors and the Trustee may amend or supplement the Indenture with the consent of the Holders of a majority in principal amount of the Notes outstanding (excluding any Notes owned by the Company or its affiliates);
WHEREAS, the Company distributed an Offer to Purchase and Consent Solicitation Statement (the “Statement”), dated May 23, 2013, and an accompanying Consent and Letter of Transmittal to the Holders of the Notes in connection with the offer to purchase for cash any and all of the outstanding Notes and the concurrent solicitation of such Holders’ consents to certain proposed amendments to the Indenture as further described in the Statement; 
WHEREAS, pursuant to the Statement, the Holders of a majority in aggregate principal amount of the Notes outstanding (excluding any Notes owned by the Company or its affiliates) have consented to all of the amendments evidenced by this Supplemental Indenture in accordance with the provisions of the Indenture and evidence of such consents has been provided by the Company to the Trustee; 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, the Subsidiary Guarantors and 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 foregoing, the Company, the Subsidiary Guarantors and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:

1

ARTICLE 1
Section 1.01.    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 1.02.    This Supplemental Indenture shall become effective immediately upon its execution and delivery by the Company, the Subsidiary Guarantors and the Trustee; provided that the amendments set forth in Article 2 will not become operative until the Notes with respect to which Consents (as defined in the Statement) have been delivered (and not revoked) are paid for on the Payment Date (as defined in the Statement) in accordance with the provisions of the Statement.
ARTICLE 2
Section 2.01.    Section 1.07 of the Seventh Supplemental Indenture is hereby amended as follows:

(a)    Section 1.07(d)(ii) of the Seventh Supplemental Indenture is hereby deleted and amended to read in its entirety as set forth below:
 
(ii) [Intentionally omitted.]

(b)    Section 1.07(d)(iii) of the Seventh Supplemental Indenture is hereby deleted and amended to read in its entirety as set forth below:
 
(iii) [Intentionally omitted.]

(c)    Section 1.07(d)(iv) of the Seventh Supplemental Indenture is hereby deleted and amended to read in its entirety as set forth below:
 
(iv) [Intentionally omitted.]

(d)    Section 1.07(d)(v) of the Seventh Supplemental Indenture is hereby deleted and amended to read in its entirety as set forth below:
 
(v) [Intentionally omitted.]
 
(e)    Section 1.07(d)(vii) of the Seventh Supplemental Indenture is hereby deleted and amended to read in its entirety as set forth below:
   
(vii) [Intentionally omitted.]

2

Section 2.02.    Article III of the Seventh Supplemental Indenture is hereby amended as follows: 
(a)    Section 3.02 of the Seventh Supplemental Indenture is hereby deleted and amended to read in its entirety as set forth below:
Section 3.02.  [Intentionally omitted.]
(b)    Section 3.03 of the Seventh Supplemental Indenture is hereby deleted and amended to read in its entirety as set forth below:
Section 3.03.  [Intentionally omitted.]
(c)    Section 3.04 of the Seventh Supplemental Indenture is hereby deleted and amended to read in its entirety as set forth below:
Section 3.04.  [Intentionally omitted.]
(d)    Section 3.05 of the Seventh Supplemental Indenture is hereby deleted and amended to read in its entirety as set forth below:
Section 3.05.  [Intentionally omitted.]
(e)    Section 3.06 of the Seventh Supplemental Indenture is hereby deleted and amended to read in its entirety as set forth below:
Section 3.06.  [Intentionally omitted.]
(f)    Section 3.08 of the Seventh Supplemental Indenture is hereby deleted and amended to read in its entirety as set forth below:
Section 3.08.  [Intentionally omitted.]
(g)    Section 3.09 of the Seventh Supplemental Indenture is hereby deleted and amended to read in its entirety as set forth below:
Section 3.09.  [Intentionally omitted.]
(h)    Section 3.10 of the Seventh Supplemental Indenture is hereby deleted and amended to read in its entirety as set forth below:
Section 3.10.  [Intentionally omitted.]
(i)    Section 3.11 of the Seventh Supplemental Indenture is hereby amended by deleting subsections (3), (4) and (5) of the first paragraph thereof. 
(j)    Section 3.12 of the Seventh Supplemental Indenture is hereby deleted and amended to read in its entirety as set forth below:

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Section 3.12.  [Intentionally omitted.]
(k)    Section 3.13 of the Seventh Supplemental Indenture is hereby deleted and amended to read in its entirety as set forth below:
Section 3.13.  [Intentionally omitted.]
(l)    Section 3.14 of the Seventh Supplemental Indenture is hereby deleted and amended to read in its entirety as set forth below:
Section 3.14.  [Intentionally omitted.]
Section 2.03.    Article IV of the Seventh Supplemental Indenture is hereby amended as follows:
(a)    Subsection (4) of Article IV of the Seventh Supplemental Indenture is hereby deleted and amended to read in its entirety as set forth below:
(4)  [Intentionally omitted.]
(b)    Subsection (7) of Article IV of the Seventh Supplemental Indenture is hereby deleted and amended to read in its entirety as set forth below:
(7)  [Intentionally omitted.]
(c)    Subsection (8) of Article IV of the Seventh Supplemental Indenture is hereby deleted and amended to read in its entirety as set forth below:
(8)  [Intentionally omitted.]
(d)    Subsection (9) of Article IV of the Seventh Supplemental Indenture is hereby deleted and amended to read in its entirety as set forth below:
(9)  [Intentionally omitted.]; or
Section 2.04.    All definitions set forth in the Indenture that relate to defined terms used solely in sections or subsections deleted by this Supplemental Indenture are hereby deleted in their entirety with respect to the Notes only and all cross references set forth in the Indenture to sections or subsections deleted by this Supplemental Indenture are hereby deleted in their entirety with respect to the Notes only.
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.

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Section 3.02.    All capitalized terms used but not defined herein shall have the same respective meanings ascribed to them in the Indenture.
Section 3.03.    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 of 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 3.04.    THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
Section 3.05.    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.
Section 3.06.    The headings herein are inserted for convenience of reference only and are not intended to be part of, or to affect the meaning or interpretation of, this Supplemental Indenture.
Section 3.07.    The recitals hereto are statements only of the Company and the Subsidiary Guarantors and shall not be considered statements of or attributable to the Trustee.
 [Signature Pages Follow]

5

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.

	
		
	QUICKSILVER RESOURCES INC.

	By:
	/s/ Glenn Darden

	Name:   Glenn Darden

	Title:   President and Chief Executive Officer

	
		
	COWTOWN PIPELINE FUNDING, INC.

	By:
	/s/ Glenn Darden

	Name:   Glenn Darden

	Title:   President and Chief Executive Officer

	
		
	COWTOWN PIPELINE MANAGEMENT, INC.

	By:
	/s/ Glenn Darden

	Name:   Glenn Darden

	Title:   President and Chief Executive Officer

	
		
	COWTOWN PIPELINE L.P.

	By:
	COWTOWN PIPELINE MANAGEMENT, INC
its general partner

	By:
	/s/ Glenn Darden

	Name:   Glenn Darden

	Title: President and Chief Executive Officer   

[Signature Page to Twenty-second Supplemental Indenture]
6

	
		
	COWTOWN GAS PROCESSING L.P.

	By:
	COWTOWN PIPELINE MANAGEMENT, INC
its general partner

	By:
	/s/ Glenn Darden

	Name:   Glenn Darden

	Title: President and Chief Executive Officer   

	
		
	QPP PARENT LLC
By: QUICKSILVER RESOURCES INC.,  
its sole member

	By:
	/s/ Glenn Darden

	Name:   Glenn Darden

	Title:   President and Chief Executive Officer

	
		
	QPP HOLDINGS LLC
By: QPP PARENT LLC, one of its members, 
By: Quicksilver Resources Inc.,  
its sole member

	By:
	/s/ Glenn Darden

	Name:   Glenn Darden

	Title:   President and Chief Executive Officer

	

By: QUICKSILVER RESOURCES INC., one of its members,

	By:
	/s/ Glenn Darden

	Name:   Glenn Darden

	Title:   President and Chief Executive Officer

	 

[Signature Page to Twenty-second Supplemental Indenture]
7

	
		
	BARNETT SHALE OPERATING LLC
By: QUICKSILVER RESOURCES INC.,  
its member

	By:
	/s/ Glenn Darden

	Name:   Glenn Darden

	Title:   President and Chief Executive Officer

	
		
	SILVER STREAM PIPELINE COMPANY LLC
By: QUICKSILVER RESOURCES INC.,  
its member

	By:
	/s/ Glenn Darden

	Name:   Glenn Darden

	Title:   President and Chief Executive Officer

	
		
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., 
as Trustee

	By:
	/s/ Julie Hoffman-Ramos

	Name:   Julie Hoffman-Ramos

	Title:   Vice President

[Signature Page to Twenty-second Supplemental Indenture]
8KWK 8-K 2013.06.12 EX4.3

Exhibit 4.3

TWENTY-THIRD SUPPLEMENTAL INDENTURE
This TWENTY-THIRD SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of June 12, 2013, among Quicksilver Resources Inc., a Delaware corporation (the “Company”), the Subsidiary Guarantors (as defined in the Indenture referred to herein) and The Bank of New York Mellon Trust Company, N.A., as Trustee.
W I T N E S S E T H
WHEREAS, the Company and the Trustee entered into an Indenture dated as of December 22, 2005 (the “Original Indenture”), among Quicksilver Resources Inc., as issuer, the subsidiary guarantors party thereto and the Trustee (as defined herein), as supplemented by an Eighth Supplemental Indenture dated as of August 14, 2009 (the “Eighth Supplemental Indenture”), a Twelfth Supplemental Indenture dated as of December 23, 2011, a Sixteenth Supplemental Indenture, dated as of February 28, 2012 and a Twentieth Supplemental Indenture dated as of June 13, 2012 (the Original Indenture, as so supplemented, the “Indenture”), pursuant to which the Company has issued $298,000,000 of aggregate principal amount of 9 1/8% Senior Notes due 2019 (the “Notes”);
WHEREAS, Section 10.02 of the Original Indenture provides that, in certain circumstances, the Company, the Subsidiary Guarantors and the Trustee may amend or supplement the Indenture with the consent of the Holders of a majority in principal amount of the Notes outstanding (excluding any Notes owned by the Company or its affiliates) (the “Requisite Consents”);
WHEREAS, the Company distributed a Consent Solicitation Statement (the “Statement”), dated May 23, 2013,  seeking consents to certain proposed amendments to the Indenture as further described in the Statement; 
WHEREAS, pursuant to the Statement, the Holders of a majority in aggregate principal amount of the Notes outstanding (excluding any Notes owned by the Company or its affiliates) have consented to all of the amendments evidenced by this Supplemental Indenture in accordance with the provisions of the Indenture and evidence of such consents has been provided by the Company to the Trustee; 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, the Subsidiary Guarantors and 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 foregoing, the Company, the Subsidiary Guarantors and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
ARTICLE 1

1

Section 1.01.    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 1.02.    This Supplemental Indenture shall become effective immediately upon its execution and delivery by the Company, the Subsidiary Guarantors and the Trustee; provided that the amendments set forth in Article 2 will not become operative unless and until the Company accepts the Requisite Consents validly delivered and not validly revoked and pays the Consent Fee (as defined in the Statement)  on the Payment Date (as defined in the Statement) with respect to the related Notes.
ARTICLE 2
Section 2.01.    Clause (4) of the second paragraph of Section 3.02 of the Eighth Supplemental Indenture is hereby deleted and amended to read in its entirety as set forth below:
(4) Indebtedness represented by (a) the Notes issued on the Issue Date and the Subsidiary Guarantees, (b) any Indebtedness (other than the Indebtedness described in clauses (1), (2), (3), (6), (8), (9) and (10) of this paragraph) outstanding on the Issue Date and (c) any Refinancing Indebtedness Incurred in respect of any Indebtedness described in this clause (4) or clause (5) of this paragraph or Incurred pursuant to the first paragraph of this Section 3.02; provided that if the 2015 Senior Notes or the 2016 Senior Notes are refinanced, in whole or in part, with Indebtedness in the form of debt securities not secured by Liens, notwithstanding anything to the contrary herein, such debt securities will have a Stated Maturity at least 91 days later than the Stated Maturity of the Notes.
Section 2.02.    The third paragraph of Section 3.02 of the Eighth Supplemental Indenture is hereby deleted and amended to read in its entirety as set forth below:
The Company may not Incur any Indebtedness under the preceding paragraph if the proceeds thereof are used, directly or indirectly, to refinance any Subordinated Obligations of the Company unless such Indebtedness will be subordinated to the Notes to at least the same extent as such Subordinated Obligations.  No Subsidiary Guarantor may Incur any Indebtedness under the preceding paragraph if the proceeds thereof are used, directly or indirectly, to refinance any Guarantor Subordinated Obligations of such Subsidiary Guarantor unless such Indebtedness will be subordinated to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee to at least the same extent as such Guarantor Subordinated Obligations.  Notwithstanding the foregoing, the subordination requirements of this paragraph shall not apply to any Indebtedness Incurred by the Company or any Subsidiary Guarantor under the preceding paragraph if the net proceeds thereof are used, directly or indirectly, to refinance the 2016 Senior Subordinated Notes; provided that if the 2016 

2

Senior Subordinated Notes are refinanced, in whole or in part, with Indebtedness in the form of debt securities not secured by Liens, such debt securities will have a Stated Maturity at least 91 days later than the Stated Maturity of the Notes.

Section 2.03.    Section 3.03 of the Eighth Supplemental Indenture is hereby amended to add a new subsection (13) to the second paragraph thereof as follows:
(13) any purchase, repurchase, redemption, defeasance or other acquisition or retirement of the 2016 Senior Subordinated Notes made in exchange for, or out of the net proceeds of the issuance or sale of, Indebtedness that is permitted to be Incurred under Section 3.02 of this Eighth Supplemental Indenture; provided that such purchase, repurchase, redemption, defeasance, acquisition or retirement will be excluded in subsequent calculations of the amount of Restricted Payments.

Section 2.04.    The definition of “Credit Facility” in Section 1.02 of the Eighth Supplemental Indenture is hereby deleted and amended to read in its entirety as set forth below:
“Credit Facility” means, with respect to the Company or any Subsidiary Guarantor, one or more (a) credit facilities (including, without limitation, the Senior Secured Credit Agreement) or commercial paper facilities with banks or other institutional lenders providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to such lenders or to special purpose entities formed to borrow from such lenders against such receivables) or letters of credit, (b) debt securities, indentures or other forms of debt financing (including convertible or exchangeable debt instruments or bank guarantees or bankers’ acceptances) or (c) instruments or agreements evidencing any other Indebtedness, in each case, as amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time (including successive amendments, restatements, modifications, renewals, refunds, replacements or refinancings and whether or not with the original administrative agent and lenders or borrowers or issuers or another administrative agent or agents or other lenders or borrowers or issuers and whether provided under the original Senior Secured Credit Agreement or any other credit or other agreement or indenture).
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.

3

Section 3.02.    All capitalized terms used but not defined herein shall have the same respective meanings ascribed to them in the Indenture.
Section 3.03.    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 of 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 3.04.    THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
Section 3.05.    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.
Section 3.06.    The headings herein are inserted for convenience of reference only and are not intended to be part of, or to affect the meaning or interpretation of, this Supplemental Indenture.
Section 3.07.    The recitals hereto are statements only of the Company and the Subsidiary Guarantors and shall not be considered statements of or attributable to the Trustee.
 [Signature Pages Follow]

4

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.

	
		
	QUICKSILVER RESOURCES INC.

	By:
	/s/ Glenn Darden

	Name:   Glenn Darden

	Title:   President and Chief Executive Officer

	
		
	COWTOWN PIPELINE FUNDING, INC.

	By:
	/s/ Glenn Darden

	Name:   Glenn Darden

	Title:   President and Chief Executive Officer

	
		
	COWTOWN PIPELINE MANAGEMENT, INC.

	By:
	/s/ Glenn Darden

	Name:   Glenn Darden

	Title:   President and Chief Executive Officer

	
		
	COWTOWN PIPELINE L.P.

	By:
	COWTOWN PIPELINE MANAGEMENT, INC
its general partner

	By:
	/s/ Glenn Darden

	Name:   Glenn Darden

	Title: President and Chief Executive Officer   

[Signature Page to Twenty-third Supplemental Indenture]
5

	
		
	COWTOWN GAS PROCESSING L.P.

	By:
	COWTOWN PIPELINE MANAGEMENT, INC
its general partner

	By:
	/s/ Glenn Darden

	Name:   Glenn Darden

	Title: President and Chief Executive Officer   

	
		
	QPP PARENT LLC
By: QUICKSILVER RESOURCES INC.,  
its sole member

	By:
	/s/ Glenn Darden

	Name:   Glenn Darden

	Title:   President and Chief Executive Officer

	
		
	QPP HOLDINGS LLC
By: QPP PARENT LLC, one of its members, 
By: Quicksilver Resources Inc.,  
its sole member

	By:
	/s/ Glenn Darden

	Name:   Glenn Darden

	Title:   President and Chief Executive Officer

	

By: QUICKSILVER RESOURCES INC., one of its members,

	By:
	/s/ Glenn Darden

	Name:   Glenn Darden

	Title:   President and Chief Executive Officer

	 

[Signature Page to Twenty-third Supplemental Indenture]
6

	
		
	BARNETT SHALE OPERATING LLC
By: QUICKSILVER RESOURCES INC.,  
its member

	By:
	/s/ Glenn Darden

	Name:   Glenn Darden

	Title:   President and Chief Executive Officer

	
		
	SILVER STREAM PIPELINE COMPANY LLC
By: QUICKSILVER RESOURCES INC.,  
its member

	By:
	/s/ Glenn Darden

	Name:   Glenn Darden

	Title:   President and Chief Executive Officer

	
		
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., 
as Trustee

	By:
	/s/ Julie Hoffman-Ramos

	Name:   Julie Hoffman-Ramos

	Title:   Vice President

[Signature Page to Twenty-third Supplemental Indenture]
7

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