Document:

<![CDATA[Fourth Amendment to Fifth Amended & Restated Credit Agreement]]>

 Exhibit 10.31 
 FOURTH AMENDMENT AND CONSENT 
 TO 
 FIFTH AMENDED
AND RESTATED CREDIT AGREEMENT 
 DATED
AS OF SEPTEMBER 28, 2012 
 AMONG 

LINN ENERGY, LLC, 
 AS BORROWER, 
 THE
GUARANTORS, 
 WELLS FARGO BANK,
NATIONAL ASSOCIATION, 
 AS ADMINISTRATIVE
AGENT, 
 ROYAL BANK OF CANADA,

 AS SYNDICATION AGENT, 

THE ROYAL BANK OF SCOTLAND PLC,
CREDIT AGRICOLE CORPORATE AND INVESTMENT 

BANK, CITIBANK, NA AND BARCLAYS BANK PLC,

 AS CO-DOCUMENTATION AGENTS 

AND 
 THE LENDERS PARTY HERETO 
 JOINT BOOK RUNNERS AND JOINT LEAD ARRANGERS 

 
  

 

			
	WELLS FARGO SECURITIES, LLC	  	RBC CAPITAL MARKETS

 FOURTH AMENDMENT AND
CONSENT TO FIFTH AMENDED AND RESTATED CREDIT 
 AGREEMENT 
 THIS
FOURTH AMENDMENT AND CONSENT TO FIFTH AMENDED AND RESTATED CREDIT AGREEMENT
(this “Fourth Amendment”) dated as of September 28, 2012, among LINN ENERGY, LLC, a Delaware limited liability company, (the “Borrower”); the Guarantors
signatory hereto, each of the Lenders party to the Credit Agreement referred to below; and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Wells”), as
administrative agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent”). 
 R E C I T A L S 
 A. The Borrower, BNP Paribas (predecessor
to the Administrative Agent) as the initial administrative agent, the Lenders and the other Agents party thereto entered into that certain Fifth Amended and Restated Credit Agreement dated as of May 2, 2011 as amended by that certain First
Amendment dated as of February 29, 2012, that certain Second Amendment dated as of May 10, 2012 and that certain Third Amendment dated as of July 25, 2012 (the “Credit Agreement”), pursuant to which the Lenders have
made certain credit and other financial accommodations available to and on behalf of the Borrower and its Subsidiaries. 
 B.
The Borrower has informed the Administrative Agent and the Lenders of its entrance into and/or intent to enter into a series of transactions described in clauses (a) through (e) below (collectively, and together with any other actions related
thereto, including the ongoing performance by the Borrower or any of its Affiliates of their obligations under any agreements, documents, instruments or other transactions related thereto, as more fully described in the Registration Statement on
Form S-1 filed with the SEC on June 25, 2012 of the Borrower and LinnCo, LLC, a Delaware limited liability company and Subsidiary of the Borrower (“LinnCo”), including all exhibits filed therewith, and any subsequent amendments
filed thereto and subsequent exhibits filed therewith prior to the date hereof, the “LinnCo Transactions”): 

(a) The formation of LinnCo by the Borrower and the ownership by the Borrower of all of the voting Equity Interests of LinnCo.

 (b) The purchase by public investors for cash, pursuant to an underwritten initial public offering, of limited liability
company interests in LinnCo (the “IPO”), and purchases by public investors, for cash, of additional limited liability company interests in LinnCo from time to time pursuant to future equity offerings. 

(c) The purchase by LinnCo of a number of Equity Interests in the Borrower equal to the number of LinnCo limited liability company
interests sold in the IPO and in future equity offerings. 
 (d) The exclusion of LinnCo from the definition of
“Subsidiary” set forth in the Credit Agreement, as amended hereby, and from all restrictions, conditions and obligations under the Credit Agreement, as amended hereby and other Loan Documents applicable to Subsidiaries. 

 (e) The entering into of, and performance of obligations under, an omnibus agreement and
other management, services and administrative agreements between the Borrower and LinnCo. 
 C. The Borrower has requested and
the Administrative Agent and the Lenders have agreed to amend certain provisions of the Credit Agreement. 
 D. NOW, THEREFORE,
to induce the Administrative Agent and the Lenders to enter into this Fourth Amendment and 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, as amended by this Fourth Amendment. Unless otherwise indicated, all section or article references in this Fourth Amendment refer to sections or
articles of the Credit Agreement. 
 Section 2. Amendments to Credit Agreement. 

2.1 Amendment to Section 1.02. 
 (a) Section 1.02 is hereby amended by deleting the defined terms “Agreement”, “Subsidiary” and “Swap Agreement” in their entirety and replacing them with the following
respective terms: 
 “‘Agreement’ means this Credit Agreement, as amended by that certain
First Amendment dated as of February 29, 2012, that certain Second Amendment dated as of May 10, 2012 , that certain Third Amendment dated as of July 25, 2012 and that certain Fourth Amendment dated as of September 28, 2012 as
the same may from time to time be further amended, modified, supplemented or restated. 

‘Subsidiary’ of a Person means (a) a corporation, partnership, joint venture, limited liability
company or other business entity of which Equity Interests representing more than 50% of the ordinary voting power to elect a majority of the board of directors, managers or other governing body (irrespective of whether or not at the time Equity
Interests of any other class or classes of such Person shall have or might have voting power by reason of the happening of any contingency) are at the time owned or controlled by such Person or one or more of its Subsidiaries or by such Person and
one or more of its Subsidiaries, and (b) any partnership of which such Person or any of its Subsidiaries is a general partner. Unless otherwise indicated herein, each reference to the term “Subsidiary” means a Subsidiary of the Borrower.
Notwithstanding the foregoing, in no event shall the terms “Subsidiary”, “Subsidiaries” or “subsidiary” contained in this Agreement or any other Loan Document include the Excluded Subsidiary unless expressly specified
otherwise. 

  
 2 

 ‘Swap Agreement’ means any agreement with respect to any
swap, forward, future or derivative transaction or option or similar agreement, whether exchange traded, “over-the-counter” or otherwise, involving, or settled by reference to, one or more rates, currencies, commodities, emissions
reduction, carbon sequestration or other environmental protection credits, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or
any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the Borrower or any of its
Subsidiaries shall be a Swap Agreement.” 
 (b) Section 1.02 is hereby amended by adding the defined terms
“Affiliate Services” and “Excluded Subsidiary” in the appropriate alphabetical order: 

“‘Affiliate Services’ means the provision by the Borrower or any of its Subsidiaries to the Excluded
Subsidiary of, and/or the procurement and payment by the Borrower or any of its Subsidiaries on behalf of the Excluded Subsidiary for, the following: 
 (a) legal, accounting, tax advisory, financial advisory, engineering and other professional or advisory services; 
 (b) administrative and management services; 
 (c) costs, fees and
expenses incurred in connection with any public offering of Equity Interests in the Excluded Subsidiary, or incurred as a result of the Excluded Subsidiary being a publicly traded Person; 

(d) cash management services, including treasury services, and the procurement of and payment for any insurance covering
the Excluded Subsidiary; 
 (e) payment of usual and customary costs, fees and expenses of officers and
directors, and provision of officers’ and directors’ indemnification and insurance in the ordinary course of business to the extent permitted by law; and 

(f) indemnification for any costs, fees, expenses, damages or liabilities (other than liabilities for income Taxes)
arising from (i) the ownership by the Excluded Subsidiary of Equity Interests in the Borrower or (ii) the Excluded Subsidiary carrying out its activities as described in the Registration Statement on Form S-1 of the Excluded Subsidiary and
the Borrower filed with the SEC on June 25, 2012, including all exhibits filed therewith, and any subsequent amendments filed thereto and subsequent exhibits filed therewith prior to the date of the Fourth Amendment described in the definition
of “Agreement”. 

  
 3 

 ‘Excluded Subsidiary’ means LinnCo, LLC, a Delaware limited
liability company, so long as it holds no assets, incurs no Debt and has no operations other than (a) its ownership of Equity Interests in the Borrower, and assets and operations incidental thereto and (b) other assets not to exceed
$1,000,000 in the aggregate at any time outstanding.” 
 2.2 Amendment to Section 8.01(d). Section 8.01(d) is
hereby amended by deleting the period at the end of the first sentence thereof and replacing it with the following: 
 “;
provided that the Borrower shall not be required to provide any mark-to-market value for any emission credit Swap Agreements, but the Borrower shall provide the aggregate amount owing by the Borrower and its Subsidiaries under such emission
credit Swap Agreements as of such date.” 
 2.3 Amendment to Section 9.05. Section 9.05 is hereby amended
by adding the following as a new clause (p) thereto: 
 “(p) Investments in the Excluded Subsidiary consisting of any
Affiliate Services.” 
 2.4 Amendment to Section 9.13. Section 9.13 is hereby amended by (a) removing
the “and” from the end of clause (c) thereof, (b) removing the period at the end of clause (d) thereof and replacing such period with the following: “; and” and (c) adding the following as a new clause
(e) thereto: 
 “(e) any Affiliate Services.” 

2.5 Amendment to Section 9.14. Section 9.14 is hereby amended by (a) replacing the word “or” from the end
of clause (d) thereof with a comma, (b) removing the period at the end of clause (e) thereof and replacing such period with the word “or” and (c) adding the following as a new clause (f) thereto: 

“(f) any prohibition or restriction howsoever arising or created on the granting, conveying, creation or imposition
of any Lien on the Equity Interests in the Excluded Subsidiary.” 
 2.6 Amendment to Section 9.16(a).
Section 9.16(a) is hereby amended by adding the following subclause (iii) thereto: 
 “(iii) Swap
Agreements in respect of carbon dioxide emission credits; provided that the aggregate amount that is owing but unpaid by the Borrower and its Subsidiaries under all such Swap Agreements shall not exceed $10,000,000 in the aggregate at any
time.” 
 2.7 Amendment to Section 12.02(b)(vi). Section 12.02(b)(vi) is hereby amended by deleting the
phrase “or change the definition of the terms “Domestic Subsidiary”, “Foreign Subsidiary”, “Material Domestic Subsidiary” or “Subsidiary”,” therefrom. 

  
 4 

 Section 3. Consent. Subject to the conditions precedent set forth in
Section 4 of this Fourth Amendment and the ratification and affirmation set forth in Section 5.2 of this Fourth Amendment, the Administrative Agent and the Lenders (which such Lenders constitute all of the Lenders under the Credit
Agreement) hereby consent to the LinnCo Transaction. 
 Section 4. Conditions Precedent. This Fourth Amendment shall
become effective on the date (such date, the “Fourth Amendment Effective Date”), when each of the following conditions is satisfied (or waived in accordance with Section 12.02 of the Credit Agreement): 

4.1 The Administrative Agent shall have received (a) all fees and other amounts due and payable on or prior to the Fourth Amendment
Effective Date and all other fees the Borrower has agreed to pay in connection with this Fourth Amendment and (b) to the extent invoiced, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower
under the Original Agreement. 
 4.2 The Administrative Agent shall have received from all of the Lenders and the Borrower,
counterparts (in such number as may be requested by the Administrative Agent) of this Fourth Amendment signed on behalf of such Person. 
 4.3 No Default shall have occurred and be continuing as of the date hereof, after giving effect to the terms of this Fourth Amendment. 

The Administrative Agent is hereby authorized and directed to declare this Fourth Amendment to be effective when it has received
documents confirming or certifying, to the satisfaction of the Administrative Agent, compliance with the conditions set forth in this Section 4 or the waiver of such conditions as permitted in Section 12.02 of the Credit Agreement. Such
declaration shall be final, conclusive and binding upon all parties to the Agreement for all purposes. 
 Section 5.
Miscellaneous. 
 5.1 Confirmation. The provisions of the Credit Agreement, as amended by this Fourth Amendment,
shall remain in full force and effect following the effectiveness of this Fourth Amendment. 
 5.2 Ratification and
Affirmation; Representations and Warranties. Each of the Borrower and the Guarantors hereby (a) acknowledges the terms of this Fourth Amendment; (b) ratifies and affirms its obligations under, and acknowledges 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 as expressly amended hereby and (c) represents and warrants to the Lenders that as of the date hereof, after
giving effect to the terms of this Fourth Amendment: 
 (i) all of the representations and warranties contained
in each Loan Document to which it is a party are true and correct in all material respects (except those which have a materiality qualifier, which shall be true and correct as so qualified), except to the extent any such representations and
warranties are expressly limited to an earlier date, in which case, such representations and warranties shall continue to be true and correct as of such specified earlier date, 

  
 5 

 (ii) no Default or Event of Default has occurred and is continuing, and

 (iii) no event or events have occurred which individually or in the aggregate could reasonably be expected to
have a Material Adverse Effect. 
 5.3 Loan Document. This Fourth Amendment is a Loan Document. 

5.4 Counterparts. This Fourth 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 Fourth Amendment by facsimile transmission shall be effective as delivery of a manually executed counterpart
hereof. 
 5.5 NO ORAL AGREEMENT. THIS FOURTH AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER LOAN
DOCUMENTS EXECUTED IN CONNECTION HEREWITH AND THEREWITH REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR UNWRITTEN ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO SUBSEQUENT ORAL
AGREEMENTS BETWEEN THE PARTIES. 
 5.6 GOVERNING LAW. THIS FOURTH AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS. 
 5.7 Payment of Expenses. In accordance with Section 12.03 of
the Credit Agreement, the Borrower agrees to pay or reimburse the Administrative Agent for all of its reasonable outof- pocket costs and reasonable expenses incurred in connection with this Fourth Amendment, any other documents prepared in
connection herewith and the transactions contemplated hereby, including, without limitation, the reasonable fees and disbursements of counsel to the Administrative Agent. 
 5.8 Severability. Any provision of this Fourth Amendment which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

5.9 Successors and Assigns. This Fourth Amendment shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns. 
 [SIGNATURES BEGIN NEXT PAGE] 

  
 6 

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

							
	BORROWER:	 		 	LINN ENERGY, LLC
				
		 		 	By:	 	/s/ David B. Rottino
		 		 	Name:	 	David B. Rottino
		 		 	Title:	 	Senior Vice President of Finance, Business Development and Chief Accounting Officer

  
 Signature Page
to Fourth Amendment 

							
	GUARANTORS:	 		 	LINN ENERGY HOLDINGS, LLC
			
		 		 	LINN OPERATING, INC.
			
		 		 	MID-CONTINENT HOLDINGS I, LLC
			
		 		 	MID-CONTINENT HOLDINGS II, LLC
			
		 		 	MID-CONTINENT I, LLC
			
		 		 	MID-CONTINENT II, LLC
			
		 		 	LINN GAS MARKETING, LLC
			
		 		 	LINN EXPLORATION & PRODUCTION MICHIGAN LLC
			
		 		 	LINN MIDWEST ENERGY LLC
				
		 		 	By:	 	/s/ David B. Rottino        
		 		 	Name:	 	David B. Rottino
		 		 	Title:	 	Senior Vice President of Finance, Business Development and Chief Accounting Officer

  

							
		 		 	 LINN EXPLORATION
 MIDCONTINENT, LLC

				
		 		 	By:	 	Mid-Continent Holdings II, LLC, its sole member, as Member/Manager
				
		 		 	By:	 	/s/ David B. Rottino
		 		 	Name:	 	David B. Rottino
		 		 	Title:	 	Senior Vice President of Finance, Business Development and Chief Accounting Officer

  
 Signature Page
to Fourth Amendment 

									
	LENDERS:	 		 	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent and a Lender
					
		 		 		 	By:	 	/s/ Patrick J. Fults
		 		 		 	Name:	 	Patrick J. Fults
		 		 		 	Title:	 	Vice President

  
 Signature Page
to Fourth Amendment 

 
			
	ROYAL BANK OF CANADA
		
	By:	 	/s/ Don J. McKinnerney             
	Name:	 	Don J. McKinnerney
	Title:	 	Authorized Signatory

  
 Signature Page
to Fourth Amendment 

 
			
	BARCLAYS BANK PLC
		
	By:	 	/s/ Vanessa A. Kurbatskiy
	Name:	 	Vanessa A. Kurbatskiy
	Title:	 	Vice President

  
 Signature Page
to Fourth Amendment 

 
			
	CITIBANK, N.A.
		
	By:	 	/s/ John Miller
	Name:	 	John Miller
	Title:	 	Vice President

  
 Signature Page
to Fourth Amendment 

 
			
	CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK
		
	By:	 	/s/ Tom Byargeon
	Name:	 	Tom Byargeon
	Title:	 	Managing Director
	
		
	By:	 	/s/ Sharada Manne
	Name:	 	Sharada Manne
	Title:	 	Managing Director

  
 Signature Page
to Fourth Amendment 

 
			
	CREDIT SUISSE AG, CAYMAN ISLAND BRANCH
		
	By:	 	/s/ Doreen Barr
	Name:	 	Doreen Barr
	Title:	 	Director
	
		
	By:	 	/s/ Michael Spaight
	Name:	 	Michael Spaight
	Title:	 	Associate

  
 Signature Page
to Fourth Amendment 

 
			
	THE ROYAL BANK OF SCOTLAND PLC
		
	By:	 	/s/ Sanjay Remond
	Name:	 	Sanjay Remond
	Title:	 	Authorised Signatory

  
 Signature Page
to Fourth Amendment 

 
			
	THE BANK OF NOVA SCOTIA
		
	By:	 	/s/ Terry Donovan
	Name:	 	Terry Donovan
	Title:	 	Managing Director

  
 Signature Page
to Fourth Amendment 

 
			
	BANK OF MONTREAL
		
	By:	 	/s/ James V. Ducote
	Name:	 	James V. Ducote
	Title:	 	Director

  
 Signature Page
to Fourth Amendment 

 
			
	CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK AGENCY
		
	By:	 	/s/ Dominic D’Alessandro
	Name:	 	Dominic D’Alessandro
	Title:	 	Executive Director
	
		
	By:	 	/s/ Trudy W. Nelson
	Name:	 	Trudy W. Nelson
	Title:	 	Executive Director

  
 Signature Page
to Fourth Amendment 

 
			
	UBS AG, STAMFORD BRANCH
		
	By:	 	/s/ Irja R. Otsa
	Name:	 	Irja R. Otsa
	Title:	 	Associate Director
	
		
	By:	 	/s/ Joselin Fernandes
	Name:	 	Joselin Fernandes
	Title:	 	Associate Director

  
 Signature Page
to Fourth Amendment 

 
			
	COMERICA BANK
		
	By:	 	/s/ Justin Crawford
		 	Justin Crawford
		 	Senior Vice President

  
 Signature Page
to Fourth Amendment 

 
			
	ING CAPITAL LLC
		
	By:	 	/s/ Juli Bieser
	Name: Juli Bieser
	Title: Director

  
 Signature Page
to Fourth Amendment 

 
			
	SOCIETE GENERALE
		
	By:	 	/s/ Graeme Bullen
	Name: Graeme Bullen
	Title: Managing Director

  
 Signature Page
to Fourth Amendment 

 
			
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	/s/ Jonathan H. Lee
	Name: Jonathan H. Lee
	Title: Vice President

  
 Signature Page
to Fourth Amendment 

 
			
	ABN AMRO CAPITAL USA LLC
		
	By:	 	/s/ David L. Montgomery
	Name:	 	David L. Montgomery
	Title:	 	Director
		
	By:	 	/s/ Darrell Holley
	Name:	 	Darrell Holley
	Title:	 	Managing Director

  
 Signature Page
to Fourth Amendment 

 
			
	COMPASS BANK
		
	By:	 	/s/ Kathleen J. Bowen
	Name: Kathleen J. Bowen
	Title: Senior Vice President

  
 Signature Page
to Fourth Amendment 

 
			
	DNB BANK ASA, GRAND CAYMAN
	BRANCH (f/k/a DnB NOR Bank ASA)
		
	By:	 	/s/ Cathleen Buckley
	Name:	 	Cathleen Buckley
	Title:	 	Senior Vice President
		
	By:	 	/s/ Colleen Durkin
	Name:	 	Colleen Durkin
	Title:	 	Senior Vice President
		 	Shipping, Offshore & Logistics

  
 Signature Page
to Fourth Amendment 

 
			
	UNION BANK, N.A.
		
	By:	 	/s/ Stephen W. Warfel
	Name: Stephen W. Warfel
	Title: Senior Vice President

  
 Signature Page
to Fourth Amendment 

 
			
	CAPITAL ONE, N.A.
		
	By:	 	/s/ Matthew L. Molero
	Name: Matthew L. Molero
	Title: Vice President

  
 Signature Page
to Fourth Amendment 

 
			
	SUNTRUST BANK
		
	By:	 	/s/ Yann Pirio
	Name: Yann Pirio
	Title: Director

  
 Signature Page
to Fourth Amendment 

 
			
	BANK OF AMERICA, N.A.
		
	By:	 	/s/ Joseph Scott        
	Name:	 	Joseph Scott
	Title:	 	Director

  
 Signature Page
to Fourth Amendment 

 
			
	JPMORGAN CHASE BANK, N.A.
		
	By:	 	/s/ Michael A. Kamauf
	Name:	 	Michael A. Kamauf
	Title:	 	Authorized Officer

  
 Signature Page
to Fourth Amendment 

 
			
	DEUTSCHE BANK TRUST COMPANY AMERICAS
		
	By:	 	/s/ Michael Getz
	Name:	 	Michael Getz
	Title:	 	Vice President
		
	By:	 	/s/ Marcus M. Tarkington
	Name:	 	Marcus M. Tarkington
	Title:	 	Director

  
 Signature Page
to Fourth Amendment 

 
			
	GOLDMAN SACHS BANK USA
		
	By:	 	/s/ Michelle Latzoni
	Name:	 	Michelle Latzoni
	Title:	 	Authorized Signatory

  
 Signature Page
to Fourth Amendment 

 
			
	MACQUARIE BANK LIMITED
		
	By:	 	/s/ Christian Coles
	Name:	 	Christian Coles
	Title:	 	Division Director
		
	By:	 	/s/ Joel Outlaw
	Name:	 	Joel Outlaw
	Title:	 	 Associate Director
 Legal
Risk Management

		
		 	(Macquarie POA Ref: # 594/10
		 	dated 25 November 2010)

  
 Signature Page
to Fourth Amendment 

			
	MORGAN STANLEY BANK, N.A.
		
	By:	 	/s/ Scott Taylor
	Name:	 	Scott Taylor
	Title:	 	Authorized Signatory

  
 Signature Page
to Fourth Amendment 

 
			
	BP ENERGY COMPANY
		
	By:	 	/s/ Sharon Weintraub
	Name:	 	Sharon Weintraub
	Title:	 	Head of Mid-Office Control

  
 Signature Page
to Fourth Amendment 

 
			
	BNP PARIBAS
		
	By:	 	/s/ David Dodd
	Name:	 	David Dodd
	Title:	 	Managing Director
		
	By:	 	/s/ Sriram Chandrasekaran
	Name:	 	Sriram Chandrasekaran
	Title:	 	Vice President

  
 Signature Page
to Fourth Amendment 

 
			
	BRANCH BANKING AND TRUST COMPANY
		
	By:	 	/s/ Parul June
	Name:	 	Parul June
	Title:	 	Vice President

  
 Signature Page
to Fourth Amendment 

 
			
	SUMITOMO MITSUI BANKING CORPORATION
		
	By:	 	/s/ Shuji Yabe        
	Name:	 	Shuji Yabe
	Title:	 	Managing Director

  
 Signature Page
to Fourth Amendment 

 
			
	WHITNEY BANK
		
	By:	 	/s/ Liana Tchernysheya
		 	Liana Tchernysheya
		 	Senior Vice President

  
 Signature Page
to Fourth Amendment 

 
			
	AMEGY BANK NATIONAL ASSOCIATION
		
	By:	 	/s/ William B. Robinson
	Name:	 	William B. Robinson
	Title:	 	Vice President

  
 Signature Page
to Fourth Amendment 

 
			
	ASSOCIATED BANK, N.A.
		
	By:	 	/s/ Farhan Iqbal
	Name:	 	Farhan Iqbal
	Title:	 	Vice President

  
 Signature Page
to Fourth Amendment 

 
			
	KEYBANK NATIONAL ASSOCIATION
		
	By:	 	/s/ Chulley Bogle
	Name:	 	Chulley Bogle
	Title:	 	Vice President

  
 Signature Page
to Fourth AmendmentSupplemental Indenture

 Exhibit 4.1 

 
  
  

 
 RYERSON INC.,

as Issuer, 

THE GUARANTORS PARTY HERETO, 
 and 
 WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Trustee 
  

 
 Supplemental
Indenture 
 Dated as of October 10, 2012 

 
  

Floating Rate Senior Secured Notes due 2014 
 12% Senior Secured Notes due 2015 
  

 
  

 

 THIRD SUPPLEMENTAL INDENTURE 

SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of October 10, 2012, by and among RYERSON
INC., a Delaware corporation (the “Issuer”), the GUARANTORS (as defined herein) and WELLS FARGO BANK, NATIONAL ASSOCIATION (the “Trustee”), as Trustee under the Indenture (as hereinafter defined). 

WHEREAS, the Issuer, the Guarantors and the Trustee have as of October 19, 2007 entered into an Indenture, as supplemented by
(i) a supplemental indenture, dated as of May 30, 2008, by and among the Issuer, the Guarantors and the Trustee and (ii) a supplemental indenture, dated as of July 31, 2008, by and among the Issuer, the Guarantors and the Trustee
(as supplemented, the “Indenture”), providing for the issuance by the Issuer from time to time of its Floating Rate Senior Secured Notes due 2014 (the “2014 Notes”) and its 12% Senior Secured Notes due 2015 (the “2015
Notes,” and, together with the 2014 Notes, the “Outstanding Securities”); 
 WHEREAS, Section 9.2 of the
Indenture provides, among other things, that the Issuer, the Guarantors and the Trustee, with the consent of the Holders of not less than a majority in aggregate principal amount of the Outstanding Securities, may enter into one or more supplemental
indentures for the purpose of adding provisions to or changing or eliminating certain of the provisions of the Indenture; 

WHEREAS, the Issuer has received the written consents of the Holders of a majority of the aggregate principal amount of the Outstanding
Securities to amend the Indenture as provided herein and enter into this Supplemental Indenture; 
 WHEREAS, the Issuer
represents that the consents of the Holders of a majority of the aggregate principal amount of the Outstanding Securities is sufficient to effect the amendments contained herein; 

WHEREAS, the Issuer and the Guarantors desire to enter into this Supplemental Indenture, and has duly authorized the execution and
delivery of this Supplemental Indenture to modify the Indenture; 
 WHEREAS, concurrent with the execution hereof, the Issuer
has delivered to the Trustee an Officers’ Certificate and has caused its counsel to deliver to the Trustee an Opinion of Counsel; and 
 WHEREAS, all conditions and requirements of the Indenture necessary to make this Supplemental Indenture a valid, binding and legal instrument in accordance with its terms have been performed and fulfilled
by the parties hereto and the execution and delivery thereof have been in all respects duly authorized by the parties hereto. 

NOW, THEREFORE: 

For and in consideration of the mutual premises and agreements herein contained, the Issuer, the Guarantors and the Trustee covenant and
agree, for the equal and proportionate benefit of all Holders of the Outstanding Securities, as follows: 
 ARTICLE I.

 EFFECTIVENESS AND EFFECT 
  

	 	Section 1.1	Effectiveness and Effect. 

This Supplemental Indenture shall take effect on the date hereof, provided, however, that the amendments provided for in Article Two
hereof shall only become operative if an aggregate principal 

 
amount of the Outstanding Securities exceeding 50% of the aggregate principal amount of the Outstanding Securities is accepted by the Issuer for payment on the Early Settlement Date (as defined
in that certain Offer to Purchase and Consent Solicitation Statement of the Issuer, dated September 25, 2012), and such amendments provided for in Article Two hereof shall have no force or effect prior to the operative time specified in this
Section. Subject to the foregoing, the provisions set forth in this Supplemental Indenture shall be deemed to be, and shall be construed as part of, the Indenture. All references to the Indenture in the Indenture or in any other agreement, document
or instrument delivered in connection therewith or pursuant thereto shall be deemed to refer to the Indenture as amended by this Supplemental Indenture. Except as amended hereby, the Indenture shall remain in full force and effect. 

ARTICLE II. 
 AMENDMENT OF THE INDENTURE 
  

	Section 2.1	Deletion of Definitions and Related References 

 Section 101 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 Section 2.2 of this Supplemental Indenture. 
  

	Section 2.2	Amendments to Indenture. 

  

	 	(a)	The Indenture is hereby amended by deleting the following sections of the Indenture and all references thereto in the Indenture in their entirety and replacing each
such section with the term “INTENTIONALLY OMITTED”: 

 Section 4.3 (Provision of Financial
Information); 
 Section 4.4 (Compliance Certificate); 

Section 4.5 (Taxes); 
 Section 4.6 (Stay, Extension and Usury Laws); 
 Section 4.7 (Limitation
on Restricted Payments); 
 Section 4.8 (Limitation on Dividends and Other Payments Affecting Restricted Subsidiaries);

 Section 4.9 (Limitation on Incurrence of Debt); 
 Section 4.10 (Limitation on Asset Sales); 
 Section 4.11 (Limitation on
Transactions with Affiliates); 
 Section 4.12 (Limitation on Liens); 

Section 4.13 (Limitation on Sale and Leaseback Transactions); 

Section 4.15 (Corporate Existence); 
 Section 4.16 (Events of Loss); 
 Section 4.17 (Business Activities);

 Section 4.18 (Limitation on Activities of JV Interest Holders); 

Section 4.19 (Impairment of Security Interests); 
 Section 4.20 (Additional Note Guarantees); 
 Section 4.21 (Limitation on
Creation of Unrestricted Subsidiaries); 
 Section 4.22 ([Reserved]); 

Section 4.23 (Further Assurances); 
 Section 4.24 (Maintenance of Properties; Insurance; Books and Records); 

Section 5.01 (Consolidation, Merger, Conveyance, Transfer or Lease); and 

Section 6.01(4), (5), (6), (7), (8), (9) (Events of Default). 

 

	 	(b)	Section 3.3 of the Indenture is hereby amended by deleting from the first sentence the phrase “at least 30 days” and replacing it with the phrase
“at least 3 days”. 

 ARTICLE III. 
 MISCELLANEOUS 
  

	Section 3.1	Counterparts. 

 This
Supplemental Indenture may be executed in counterparts, each of which when so executed shall be deemed to be an original, but all such counterparts shall together constitute one and the same instrument. 

 

	Section 3.2	Severability. 

 In the
event that any provision in this Supplemental Indenture shall be held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

 

	Section 3.3	Headings. 

 The article
and section headings herein are for convenience only and shall not affect the construction hereof. 
  

	Section 3.4	Successors and Assigns. 

Any covenants and agreements in this Supplemental Indenture by the Issuer and the Trustee shall bind their successors and assigns, whether
so expressed or not. 
  

	Section 3.5	Governing Law. 

 THIS
SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER
JURISDICTION WOULD BE REQUIRED THEREBY. 
  

	Section 3.6	Effect of Supplemental Indenture. 

 Except as amended by this Supplemental Indenture, the terms and provisions of the Indenture shall remain in full force and effect. 

 

	Section 3.7	Trustee. 

 The Issuer
hereby acknowledges and agrees to comply with its reporting obligations under the Trust Indenture Act of 1939. The Trustee assumes no responsibility for the correctness of the recitals herein contained, which shall be taken as the statements of the
Issuer, and the Trustee shall not be responsible or accountable in any way whatsoever for or with respect to the validity or execution or sufficiency of this Supplemental Indenture, and the Trustee makes no representation with respect thereto.

  

	Section 3.8	Endorsement and Change of Form of Securities. 

 Any Securities authenticated and delivered after the close of business on the date that this Supplemental Indenture becomes effective may be affixed to, stamped, imprinted or otherwise legended by the
Trustee, with a notation as follows: 
 “Effective as of October 10, 2012, certain restrictive covenants of the Indenture and certain
of the Events of Default have been eliminated and permission for a notice of redemption to Holders whose Notes are to be redeemed to be provided at least three (3) days before a redemption date has been granted, as provided in the Supplemental
Indenture, dated as of October 10, 2012. Reference is hereby made to said Supplemental Indenture, copies of which are on file with the Trustee, for a description of the amendments made therein.” 

	Section 3.9	Benefits of Supplemental Indenture. 

 Nothing contained in this Supplemental Indenture shall or shall be construed to confer upon any person other than a Holder of the Outstanding Securities, the Issuer, the Guarantors and the Trustee any
right or interest to avail itself or himself, as the case may be, of any benefit under any provision of the Indenture or the Supplemental Indenture. 
  

	Section 3.10	Definitions. 

 Capitalized
terms used but not defined herein shall have the respective meanings ascribed to them in the Indenture. 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed by their respective officers hereunto duly authorized, all as of the day and year first above written. 
  

					
	RYERSON, INC.
		
	By:	 	 /s/ Edward J. Lehner

		 	Name:	 	Edward J. Lehner
		 	Title:	 	Executive Vice President and Chief Financial Officer

 
					
	GUARANTORS
	
	 RCJV HOLDINGS, INC.,
 as Guarantor

		
	By:	 	 /s/ Mary Ann Sigler

		 	Name:	 	Mary Ann Sigler
		 	Title:	 	Vice President
	
	RDM HOLDINGS, INC.,
	as Guarantor
		
	By:	 	 /s/ Mary Ann Sigler

		 	Name:	 	Mary Ann Sigler
		 	Title:	 	Vice President
	
	RYERSON AMERICAS, INC.,
	as Guarantor
		
	By:	 	 /s/ Mary Ann Sigler

		 	Name:	 	Mary Ann Sigler
		 	Title:	 	Vice President
	
	RYERSON INTERNATIONAL MATERIAL MANAGEMENT SERVICES, INC.,
	as Guarantor
		
	By:	 	 /s/ Mary Ann Sigler

		 	Name:	 	Mary Ann Sigler
		 	Title:	 	Vice President
	
	RYERSON INTERNATIONAL TRADING, INC.,
	as Guarantor
		
	By:	 	 /s/ Mary Ann Sigler

		 	Name:	 	Mary Ann Sigler
		 	Title:	 	Vice President

 
					
	GUARANTORS
	
	RYERSON INTERNATIONAL, INC.,
	as Guarantor
		
	By:	 	 /s/ Mary Ann Sigler

		 	Name:	 	Mary Ann Sigler
		 	Title:	 	Vice President
	
	RYERSON PAN-PACIFIC LLC,
	as Guarantor
		
	By:	 	 /s/ Mary Ann Sigler

		 	Name:	 	Mary Ann Sigler
		 	Title:	 	Vice President
	
	RYERSON PROCUREMENT CORPORATION,
	as Guarantor
		
	By:	 	 /s/ Mary Ann Sigler

		 	Name:	 	Mary Ann Sigler
		 	Title:	 	Vice President
	
	J.M. TULL METALS COMPANY, INC.,
	as Guarantor
		
	By:	 	 /s/ Mary Ann Sigler

		 	Name:	 	Mary Ann Sigler
		 	Title:	 	Vice President
	
	EPE, LLC,
	as Guarantor
		
	By:	 	 /s/ Mary Ann Sigler

		 	Name:	 	Mary Ann Sigler
		 	Title:	 	Vice President

 
					
	GUARANTORS
	
	TURRET HOLDING CORPORATION,
	as Guarantor
		
	By:	 	 /s/ Mary Ann Sigler

		 	Name:	 	Mary Ann Sigler
		 	Title:	 	Vice President
	
	RYERSON HOLDINGS (BRAZIL), LLC,
	as Guarantor
		
	By:	 	 /s/ Mary Ann Sigler

		 	Name:	 	Mary Ann Sigler
		 	Title:	 	Vice President
	
	TURRET STEEL INDUSTRIES, INC.,
	as Guarantor
		
	By:	 	 /s/ Mary Ann Sigler

		 	Name:	 	Mary Ann Sigler
		 	Title:	 	Vice President
	
	SUNBELT-TURRET STEEL INC.,
	as Guarantor
		
	By:	 	 /s/ Mary Ann Sigler

		 	Name:	 	Mary Ann Sigler
		 	Title:	 	Vice President

 
					
	GUARANTORS
	
	IMPERIAL TRUCKING COMPANY, LLC,
	as Guarantor
		
	By:	 	 /s/ Mary Ann Sigler

		 	Name:	 	Mary Ann Sigler
		 	Title:	 	Vice President
	
	WILCOX-TURRET COLD DRAWN, INC.,
	as Guarantor
		
	By:	 	 /s/ Mary Ann Sigler

		 	Name:	 	Mary Ann Sigler
		 	Title:	 	Vice President

 
					
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Lynn M. Steiner

		 	Name:	 	Lynn M. Steiner
		 	Title:	 	Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}]]