Document:

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Exhibit 4.1

EIGHTH SUPPLEMENTAL INDENTURE

     THIS EIGHTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of August 25,
2006, is among Plains All American Pipeline, L.P., a Delaware limited partnership (the
“Partnership”), PAA Finance Corp., a Delaware corporation (“PAA Finance” and, together with the
Partnership, the “Issuers”), Plains Marketing International GP LLC, a Delaware limited liability
company (“PMI GP LLC”), Plains Marketing International, L.P., a Texas limited partnership (“PMI
LP”) and Plains LPG Marketing, L.P., a Texas limited partnership (“LPG Marketing LP” and, together
with PMI GP LLC and PMI LP, the “Subsidiary Guarantors”), direct or indirect subsidiaries of the
Partnership, and Wachovia Bank, National Association, as trustee under the indenture referred to
below (the “Trustee”).

W I T N E S S E T H

     WHEREAS, the Issuers have heretofore executed and delivered to the Trustee an indenture (the
“Original Indenture”), dated as of September 25, 2002, as supplemented by the First, Second, Third,
Fourth, Fifth and Sixth Supplemental Indentures (the Original Indenture as so supplemented and as
further supplemented by the Seventh Supplemental Indenture, dated as of May 12, 2006, being
hereinafter called the “Indenture”), dated as of September 25, 2002, December 10, 2003, August 12,
2004, August 12, 2004, May 27, 2005 and May 12, 2006, respectively, among the Issuers, the
Subsidiary Guarantors named therein and the Trustee, providing for the issuance of the Issuers’ 73/4%
Senior Notes due 2012, 55/8% Senior Notes due 2013, 43/4% Senior Notes due
2009, 57/8% Senior Notes due
2016, 51/4% Senior Notes due 2015 and 67/10% Senior Notes due 2036,
respectively (such Senior Notes being hereinafter referred to collectively as the “Notes”);

     WHEREAS, Section 5.10 of the First Supplemental Indenture and Section 5.05 of the Second,
Third, Fourth, Fifth and Sixth Supplemental Indentures provide that under certain circumstances the
Partnership is required to cause the Subsidiary Guarantors to execute and deliver to the Trustee a
supplemental indenture pursuant to which the Subsidiary Guarantors shall unconditionally guarantee
all of the Issuers’ obligations under the Notes pursuant to a Guarantee on the terms and conditions
set forth herein; and

     WHEREAS, pursuant to Section 9.01 of the Original Indenture, the Issuers and the Trustee 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 Issuers, 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. 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. Agreement to Guarantee. The Subsidiary Guarantors hereby agree, jointly and
severally with all other Subsidiary Guarantors under the Indenture, to guarantee the Issuers’
obligations under the Notes on the terms and subject to the conditions set forth in Article IX of
the First, Second, Third, Fourth, Fifth and Sixth Supplemental Indentures, as applicable, and to be
bound by all other applicable provisions of the 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 Notes heretofore or hereafter authenticated and
delivered shall be bound hereby.

     3. GOVERNING LAW. THIS SUPPLEMENTAL INDENTURE SHALL BE DEEMED TO BE A NEW YORK
CONTRACT, AND FOR ALL PURPOSES SHALL BE CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK.

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

     5. 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.

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

[Signature page follows.]

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

	 	 	 	 	 	 	 
	 	 	PLAINS ALL AMERICAN PIPELINE, L.P.
	 
	 	 	 	 	 	 
	 	 	By:	 	Plains AAP, L.P., its General Partner
	 
	 	 	 	 	 	 
	 	 	By:	 	Plains All American GP LLC, its General Partner
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Phil Kramer
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Phil Kramer
	 

	 	 	 	 	 	Executive Vice President
and Chief Financial Officer
	 
	 	 	 	 	 	 
	 	 	PAA FINANCE CORP.
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Phil Kramer
	 	 	 	 	 
	 	 	 	 	Phil Kramer
	 	 	 	 	Executive Vice President
	 	 	 	 	and Chief Financial Officer

Signature Page to Supplemental Indenture

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	 	 	PLAINS MARKETING INTERNATIONAL GP LLC
	 
	 	 	 	 	 	 
	 	 	By:	 	Plains Marketing, L.P., its Sole Member
	 
	 	 	 	 	 	 
	 	 	By:	 	Plains Marketing GP Inc., its General Partner
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Phil Kramer
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Phil Kramer
	 

	 	 	 	 	 	Executive Vice President and Chief
Financial Officer

	 	 	 	 	 	 	 
	 	 	PLAINS MARKETING INTERNATIONAL, L.P.
	 
	 	 	 	 	 	 
	 	 	By:	 	Plains Marketing International GP LLC, its General Partner
	 
	 	 	 	 	 	 
	 	 	By:	 	Plains Marketing, L.P., its Sole Member
	 
	 	 	 	 	 	 
	 	 	By:	 	Plains Marketing GP Inc., its General Partner
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Phil Kramer
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Phil Kramer
	 

	 	 	 	 	 	Executive Vice President and Chief
Financial Officer

	 	 	 	 	 	 	 
	 	 	PLAINS LPG MARKETING, L.P.
	 
	 	 	 	 	 	 
	 	 	By:	 	Plains LPG Services GP LLC, its General Partner
	 
	 	 	 	 	 	 
	 	 	By:	 	Plains Marketing, L.P., its Sole Member
	 
	 	 	 	 	 	 
	 	 	By:	 	Plains Marketing GP Inc., its General Partner
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Phil Kramer
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Phil Kramer
	 

	 	 	 	 	 	Executive Vice President and Chief
Financial Officer

Signature Page to Supplemental Indenture

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	 	WACHOVIA BANK, NATIONAL

ASSOCIATION, as Trustee

 	 
	 	By:  	/s/ Ronda L. Parman
 	 
	 	 	Name:  	Ronda L. Parman 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Supplemental Indenture

	 	 	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 

5exv10w1

 

Exhibit 10.1

August 25, 2006

Mr. John R. Huff

Oceaneering International, Inc.

11911 FM 529

Houston, TX 77041

			
	Re: 	 	Second Modification to Service Agreement (“Second Modification”)

Dear Mr. Huff:

In order to (a) continue the transition of executive management and corporate leadership to ensure
the greatest continuity for Oceaneering International, Inc. (the “Company”) and (b) permit
additional time for you and the Company to consider (i) anticipated additional guidance from the
Internal Revenue Service on Section 409A of the Internal Revenue Code which addresses “nonqualified
deferred compensation” arrangements that do not meet specified requirements regarding both form and
operation and (ii) timely modifications to provisions of the Service Agreement we entered into with
you, dated August 15, 2001 and a Modification thereto, dated May 11, 2006 (collectively, the
“Agreement”) that provide or may be considered to provide nonqualified deferred compensation that
does not meet these specified requirements, the Company and you have agreed that you will continue
your employment with the Company through December 31, 2006.

In connection with your extended employment period, the Company proposes to modify the Agreement to
reflect our mutual understanding that (i) your employment with the Company and Phase A under the
Agreement shall continue through December 31, 2006, and (ii) this extension of employment will not
affect the benefits otherwise due you under the Agreement.

To effect these purposes, the following provisions of the Agreement and Annex I thereto shall be
modified as set forth below.

1. Section 2(a) of the Agreement shall be modified by replacing the final two sentences thereof
with the following:

“Effective May 12, 2006, you shall no longer serve as Chief Executive Officer, but shall continue
as an employee of the Company during Agreement Phase A through December 31, 2006. On January 1,
2007, you shall no longer be an employee of the Company.”

2. The Agreement and Annex I thereto shall be modified such that all references to “August 25,
2006” shall be read as “December 31, 2006.”

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3. The Agreement and Annex I thereto shall be modified such that all references to “August 26,
2006” in the Agreement shall be read as “January 1, 2007,” except for the reference to “August 16,
2006” in Section 6(a) which shall continue to be read as originally written.

If you agree to the terms set forth in this Second Modification, please sign below and return one
copy of this letter to the Company. As always, we appreciate your continued service and loyalty to
the Company.

	 	 	 	 	 	 	 
	 

	 	 	 	Sincerely,
	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	Oceaneering International, Inc.	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	BY: /s/ Harris J. Pappas	 	 
	 

	 	 	 	 
	 	 
	 

	 	 	 	Harris J. Pappas, Chairman	 	 
	 

	 	 	 	Compensation Committee of the Board of
Directors	 	 
	 
	 	 	 	 	 	 
	Agreed to this 25th day of August, 2006:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	/s/ John R. Huff
	 	 	 	 	 	 
	 

John R. Huff

	 	 	 	 	 	 

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