Document:

Exhibit 4.1

MARSH & McLENNAN COMPANIES, INC.,

 

Issuer,

 

and

 

The Bank of New York Mellon,

 

Trustee

 

____________________

 

SECOND SUPPLEMENTAL INDENTURE

 

Dated as of March 12, 2012

 

____________________

 

$250,000,000 aggregate principal amount of 2.30% Senior Notes Due 2017

 

  

  

  

SECOND SUPPLEMENTAL INDENTURE, dated as of March 12, 2012, between MARSH & McLENNAN COMPANIES, INC., a Delaware corporation (the “Issuer”), and THE BANK OF NEW YORK MELLON, a New York banking corporation, as Trustee (the “Trustee”)

 

W I T N E S S E T H:

 

WHEREAS, the Issuer and the Trustee executed and delivered an Indenture, dated as of July 15, 2011 (the “Base Indenture” and, as supplemented hereby, the “Indenture”), to provide for the issuance by the Issuer from time to time of senior debt securities evidencing its unsecured indebtedness, to be issued in one or more series as provided in the Indenture;

 

WHEREAS, pursuant to a Board Resolution, the Issuer has authorized the issuance of a series of securities evidencing its senior indebtedness, consisting initially of $250,000,000 aggregate principal amount of 2.30% Senior Notes due 2017 (the “Original Notes” and, together with all the Additional Notes (as defined herein), if any, hereinafter referred to, the “Notes”);

 

WHEREAS, the entry into this Second Supplemental Indenture by the parties hereto is in all respects authorized by the provisions of the Indenture;

 

WHEREAS, the Issuer desires to establish the terms of the Notes in accordance with Section 2.01 of the Indenture and to establish the form of the Notes in accordance with Section 2.02 of the Indenture; and

 

WHEREAS, all acts and requirements necessary to make this Second Supplemental Indenture a valid and legally binding indenture and agreement according to its terms have been done.

 

NOW, THEREFORE, for and in consideration of the premises, the Issuer and the Trustee mutually covenant and agree for the equal and proportionate benefit of the respective holders from time to time of the Notes as follows:

 

ARTICLE 1

 

Section 1.01 .  Terms of Notes.  The following terms relating to the Notes are hereby established:

 

(a) The Notes shall constitute a series of securities having the title “2.30% Senior Notes due 2017”.

 

(b) The aggregate principal amount of the Original Notes that may be authenticated and delivered under the Indenture (except for Notes authenticated

 

  

  

  

 

and delivered upon registration of, transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 2.05, 2.06, 2.07 or 9.04 of the Base Indenture) shall be up to $250,000,000.

 

(c) The entire outstanding principal of the Notes shall be payable on April 1, 2017 plus any unpaid interest accrued to such date.

 

(d) The rate at which the Notes shall bear interest shall be 2.30%  per annum; the date from which interest shall accrue on the Notes shall be March 12, 2012 or from the most recent Interest Payment Date to which interest has been paid; the Interest Payment Dates for the Notes on which interest will be payable shall be April 1 and October 1 in each year, beginning October 1, 2012; the regular record dates for the interest payable on the Notes on any Interest Payment Date shall be the March 15 and September 15 preceding the applicable Interest Payment Date; and the basis upon which interest on the Notes shall be calculated shall be that of a 360-day year consisting of twelve 30-day months.

 

(e) (i) The Notes may be redeemed in whole at any time or in part from time to time, at the option of the Issuer.  The redemption price (the “Redemption Price”) of the Notes to be redeemed shall be calculated as follows, plus, in each case, accrued and unpaid interest on the principal amount being redeemed to but excluding the redemption date:

 

(A) If the redemption date is prior to March 1, 2017, the Notes may be redeemed by the Issuer at a Redemption Price equal to the greater of (1) 100% of the principal amount of the Notes to be redeemed and (2) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed (exclusive of interest accrued to the date of redemption) discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the then current Treasury Rate plus 25 basis points.

 

(B) If the redemption date is on or after March 1, 2017, the Notes may be redeemed by the Issuer at a Redemption Price equal to 100% of the principal amount of the Notes to be redeemed.

 

(ii) (A) In case the Issuer shall desire to exercise such right to redeem all or, as the case may be, a portion of the Notes in accordance with Section 1.01(e)(i) above, the Issuer shall, or shall cause the Trustee to, give notice of such redemption to holders of the Notes to be redeemed by mailing, first class postage prepaid, a notice of such redemption not less than 30 days and not more than 60 days before the date fixed for redemption to such holders at their last addresses as they shall appear upon the Security Register.  Any notice that is mailed in the manner herein provided shall be conclusively presumed to have 

 

  

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been duly given, whether or not the registered holder received the notice.  In any case, failure duly to give such notice to the holder of any Note designated for redemption in whole or in part, or any defect in the notice, shall not affect the validity of the proceedings for the redemption of any other Note.

 

Each such notice of redemption shall specify the date fixed for redemption and the Redemption Price at which the Notes to be redeemed are to be redeemed, and shall state that payment of the Redemption Price of such Notes to be redeemed will be made at the office or agency of the Issuer in the Borough of Manhattan, the City and State of New York, upon presentation and surrender of such Notes, that interest accrued to the date fixed for redemption will be paid as specified in said notice and, that from and after said date interest will cease to accrue; except that interest shall continue to accrue on any Note or portion thereof with respect to which the Issuer defaults in the payment of such Redemption Price and accrued interest.  If less than all the Notes are to be redeemed, the notice to the holders of the Notes to be redeemed in whole or in part shall specify the particular Notes to be redeemed.  In case the Notes are to be redeemed in part only, the notice shall state the portion of the principal amount thereof to be redeemed, and shall state that on and after the redemption date, upon surrender of such security, a new Note in principal amount equal to the unredeemed portion thereof will be issued.

 

(B) If less than all the Notes are to be redeemed, the Issuer shall give the Trustee at least 45 days’ notice in advance of the date fixed for redemption as to the aggregate principal amount of Notes to be redeemed, and thereupon the Trustee shall select, by lot or in such other manner as it shall deem appropriate and fair in its discretion and that may provide for the selection of a portion or portions (equal to one thousand U.S. dollars ($1,000) or integral multiples of $1,000 in excess thereof) of the principal amount of such Notes of a denomination larger than $1,000, the Notes to be redeemed and shall thereafter promptly notify the Issuer in writing of the numbers of the Notes to be redeemed, in whole or in part.

 

The Issuer may, if and whenever it shall so elect, by delivery of instructions signed on its behalf by its President or any Vice President, instruct the Trustee or any paying agent to call all or any part of the Notes for redemption and to give notice of redemption in the manner set forth in this Section, such notice to be in the name of the Issuer or its own name as the Trustee or such paying agent may deem advisable.  In any case in which notice of redemption is to be given by the Trustee or any such paying agent, the Issuer shall deliver or cause to be delivered to, or permit to remain with, the Trustee or such paying agent, as the case may be, such Security Register, transfer books or other records, or suitable copies or extracts therefrom, sufficient to enable the Trustee or such paying agent to give any notice that may be required under the provisions of this Section.

 

 

  

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Subject to Section 2.11 of the Base Indenture, the Issuer shall not be required (i) to issue, register the transfer of or exchange any Notes during a period beginning at the opening of business 15 days before the day of the mailing of a notice of redemption of the Notes selected for redemption and ending at the close of business on the day of such mailing, or (ii) to register the transfer of or exchange any Notes so selected for redemption in whole or in part, except the unredeemed portion of any such Notes being redeemed in part.

 

If the giving of notice of redemption shall have been completed as above provided, the Notes or portions of the Notes to be redeemed specified in such notice shall become due and payable on the date and at the place stated in such notice at the applicable Redemption Price, and interest on such Notes shall cease to accrue on and after the date fixed for redemption, unless the Issuer shall default in the payment of such Redemption Price and accrued interest.

 

(iii) As used herein:

 

“Business Day” means any day that is not a Saturday, Sunday or other day on which commercial banks in New York, New York are authorized or required by law to remain closed.

 

“Comparable Treasury Issue” means the United States Treasury security selected by the Independent Investment Banker as having an actual or interpolated maturity comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Notes.

 

“Comparable Treasury Price” means, with respect to any redemption date, (1) the average of the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Trustee is provided with fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations.

 

“Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the Issuer.

 

“Reference Treasury Dealer” means (i) Barclays Capital Inc. and its successors and (ii) HSBC Securities (USA) Inc. and its successors, or one or more Reference Treasury Dealers as the Issuer may specify from time to time; provided, however, that if any of them ceases to be a primary U.S. Government securities dealer for The City of New York (each a “Primary Treasury Dealer”), the Issuer will substitute another Primary Treasury Dealer.

 

  

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“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Trustee, of the bid and asked prices for the Comparable Treasury Issue (expressed as a percentage of its principal amount) quoted in writing to the Trustee by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such redemption date.

 

“Treasury Rate” means, with respect to any redemption date, the rate per year equal to the semiannual equivalent yield to maturity or interpolated (on a day count basis) of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date.

 

The Treasury Rate shall be calculated on the third Business Day preceding the redemption date.

 

With respect to Section 1.01(e)(i)(A) above, the Trustee shall be entitled to conclusively rely upon the calculations of the Independent Investment Banker.

 

(f) The Notes shall be issuable in denominations equal to one thousand U.S. dollars ($1,000) or integral multiples of $1,000 in excess thereof.

 

(g) The Trustee shall also be the security registrar and paying agent for the Notes.

 

(h) Payments of the principal of and interest on the Notes shall be made in U.S. dollars, and the Notes shall be denominated in U.S. dollars.

 

(i) The holders of the Notes shall have no special rights in addition to those provided in the Indenture upon the occurrence of any particular events.

 

(j) The Notes shall not be subordinated to any other debt of the Issuer, and shall constitute senior unsecured obligations of the Issuer.

 

(k) The Notes shall be issued as a Global Security and The Depository Trust Company, New York, New York shall be the initial Depository. The Notes are not convertible into shares of common stock or other securities of the Issuer.

 

Section 1.02 .  Form of Note.  The form of the Notes is attached hereto as Exhibit A.

 

Section 1.03 .  Additional Notes.  Subject to the terms and conditions contained herein, the Issuer may issue additional notes (the “Additional Notes”) having the same ranking and the same interest rate, maturity and other terms as the Original Notes (except as otherwise described in the form of the Notes), without the consent of the holders of the Original Notes then Outstanding.  Any such Additional Notes will be a part of the series having the same terms as the Original Notes.  The aggregate principal amount of the Additional Notes, if any,

 

  

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shall be unlimited.  The Original Notes and the Additional Notes, if any, of such series shall constitute one series for all purposes under this Second Supplemental Indenture, including, without limitation, amendments, waivers and redemptions.

 

Section 1.04.  Amendment of Section 6.01(a)(i) of the Base Indenture.  Solely for the purposes of the Notes, Section 6.01(a)(i) of the Base Indenture is hereby amended by replacing that section in its entirety with the following:

 

“the Company defaults in the payment of any installment of interest on the Notes (as defined in this Supplemental Indenture), as and when the same shall become due and payable, and continuance of such default for a period of 30 days; provided, however, that a valid extension of an interest payment period by the Company in accordance with the terms of any indenture supplemental hereto, shall not constitute a default in the payment of interest for this purpose.”

 

ARTICLE 2

Miscellaneous

 

Section 2.01 .  Definitions.  Capitalized terms used but not defined in this Second Supplemental Indenture shall have the meanings ascribed thereto in the Indenture.

 

Section 2.02 .  Confirmation of Indenture.  The Indenture, as heretofore supplemented and amended and as further supplemented and amended by this Second Supplemental Indenture, is in all respects ratified and confirmed, and the Indenture, this Second Supplemental Indenture and all indentures supplemental thereto shall be read, taken and construed as one and the same instrument.

 

Section 2.03 .  Concerning the Trustee.  The Trustee assumes no duties, responsibilities or liabilities by reason of this Second Supplemental Indenture other than as set forth in the Indenture and, in carrying out its responsibilities hereunder, shall have all of the rights, protections and immunities which it possesses under the Indenture. The Trustee makes no representations as to the validity or sufficiency of this Second Supplemental Indenture. The recitals herein are deemed to be those of the Issuer and not of the Trustee.

 

Section 2.04 .  Governing Law.  This Second Supplemental Indenture, the Indenture and the Notes shall be governed by and construed in accordance with the law of the State of New York.

 

Section 2.05 .  Separability.  In case any provision in this Second Supplemental Indenture shall for any reason 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.

 

  

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Section 2.06 .  Counterparts.  This Second Supplemental Indenture may be executed in any number of counterparts each of which shall be an original, but such counterparts shall together constitute but one and the same instrument.

 

  

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IN WITNESS WHEREOF, this Second Supplemental Indenture has been duly executed by the Issuer and the Trustee as of the day and year first written above.

 

	
MARSH & McLENNAN COMPANIES, INC.

	 
	
By:

	  	 
	  	
Name:

	  	 
	  	
Title:

	  	 

 

  

  

  

 

	
THE BANK OF NEW YORK MELLON, as Trustee

	 
	
By:

	  	 
	  	
Name:

	  	 
	  	
Title:

	  	 

 

 

  

  

  

 

 

Exhibit A

 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO, HAS AN INTEREST HEREIN.

UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM IN ACCORDANCE WITH THE PROVISIONS OF THE INDENTURE AND THE TERMS OF THE SECURITIES AND EXCEPT AS OTHERWISE PROVIDED IN SECTION 2.11 OF THE BASE INDENTURE, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY DTC TO A NOMINEE OF DTC OR BY A NOMINEE OF DTC TO DTC OR ANOTHER NOMINEE OF DTC OR BY DTC OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.

 

 

	Certificate No. 1	$250,000,000

CUSIP No. 571748AS1

 

MARSH & McLENNAN COMPANIES, INC.

 

2.30% Senior Notes due 2017

MARSH & McLENNAN COMPANIES, INC., a Delaware corporation (the “Issuer”, which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & Co., or its registered assigns, the principal sum of TWO HUNDRED AND FIFTY MILLION dollars ($250,000,000) (which aggregate principal amount may from time to time be increased or decreased to such other aggregate principal amounts by adjustments made on the Schedule of Increases or Decreases in Global Security attached hereto) on April 1, 2017 and to pay interest on said principal sum from March 12, 2012 or from the most recent interest payment date (each

 

  

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such date, an “Interest Payment Date”) to which interest has been paid or duly provided for semiannually on April 1 and October 1 of each year commencing October 1, 2012 at the rate of 2.30% per annum until the principal hereof shall have become due and payable, and on any overdue principal and premium, if any, and (without duplication and to the extent that payment of such interest is enforceable under applicable law) on any overdue installment of interest at the same rate per annum.  The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months.  In the event that any date on which interest is payable on this Note is not a Business Day, then payment of interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay).  The interest installment so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture (hereafter defined), be paid to the person in whose name this Note (or one or more Predecessor Securities, as defined in said Indenture) is registered at the close of business on the regular record date for such interest installment which shall be the March 15 or September 15 preceding such Interest Payment Date.  Any such interest installment not punctually paid or duly provided for (as defined in the Indenture, the “Defaulted Interest”) shall forthwith cease to be payable to the registered holders on such regular record date, and may be paid to the person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business on a special record date to be fixed by the Trustee for the payment of such Defaulted Interest, which shall not be more than 15 nor less than 10 days prior to the date of the proposed payment, and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment or at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture.  The principal of (and premium, if any) and the interest on this Note shall be payable at the office or agency of the Trustee maintained for that purpose in any coin or currency of the United States of America which at the time of payment is legal tender for payment of public and private debts; provided, however, that payment of interest may be made at the option of the Issuer by check mailed to the registered holder at such address as shall appear in the Security Register.  Notwithstanding the foregoing, so long as the registered holder of this Note is Cede & Co., the payment of the principal of (and premium, if any) and interest on this Note will be made at such place and to such account as may be designated by DTC.

 

The indebtedness evidenced by this Note is, to the extent provided in the Indenture, senior and unsecured and will rank in right of payment on parity with all other senior unsecured obligations of the Issuer.

 

This Note shall not be entitled to any benefit under the Indenture hereinafter referred to, be valid or become obligatory for any purpose until the

 

  

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Certificate of Authentication hereon shall have been signed manually by or on behalf of the Trustee.

 

The provisions of this Note are continued on the reverse side hereof and such continued provisions shall for all purposes have the same effect as though fully set forth at this place.

 

  

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IN WITNESS WHEREOF, the Issuer has caused this instrument to be executed.

 

 

Dated:

 

	
MARSH & McLENNAN COMPANIES, INC.

	 
	
By:

	  	 
	  	
Name:

	  	 
	  	
Title:

	  	 
	  	  	  	 
	  	  	  	 
	  	  	  	 
	
By:

	  	 
	  	
Name:

	  	 
	  	
Title:

	  	 
	  	  	  	 
	  	  	  	 

 

 

	
Attest:

 

By:

	  	 
	  	
Name:

	  	 
	  	
Title:

	  	 

  

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CERTIFICATE OF AUTHENTICATION

 

This is one of the Notes of the series of Notes described in the within-mentioned Indenture.

 

 

THE BANK OF NEW YORK MELLON, as Trustee

 

 

	By	 	 
	 	Authorized Signatory	 

 

 

 

	Dated:	 	 

 

 

  

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ASSIGNMENT FORM

 

FOR VALUE RECEIVED, the undersigned hereby

sells, assigns and transfers to

 

(Insert Social Security number or other identifying number of assignee)

 

 

(Please print or typewrite name and address, including zip code of assignee)

 

 

 

the within Note of Marsh & McLennan Companies, Inc. and hereby does irrevocably constitute and appoint

 

 

 

Attorney to transfer said Note on the books of the within-named Issuer with full power of substitution in the premises.

 

 

	Dated:	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

  

Signature(s) must be guaranteed by an eligible Guarantor Institution (banks, stock brokers, savings and loan associations and credit unions) with membership in an approved signature guarantee medallion program pursuant to Securities and Exchange Commission Rule 17Ad-15.

 

NOTICE:  The signature to this assignment must correspond with the name as it appears on the first page of the within Note in every particular, without alteration or enlargement or any change whatever.

 

  

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SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY

MARSH & McLENNAN COMPANIES, INC.

2.30% Senior Notes due 2017

The initial aggregate principal amount of this Global Security is $250,000,000.  The following increases or decreases in this Global Security have been made:

No: _____

	
Date

	
Principal Amount of this Global Security

	
Notation Explaining Principal Amount Recorded

	
Signature of authorized  officer of Trustee or Depositary

	  	  	  	  
	  	  	  	  
	  	  	  	  
	  	  	  	  

  

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MARSH & McLENNAN COMPANIES, INC.

2.30% Senior Notes due 2017

 

This Note is one of a duly authorized series of Securities (referred to in the Base Indenture (hereafter defined)), of the Issuer (herein sometimes referred to as the “Notes”), all such Securities issued or to be issued in one or more series under and pursuant to an indenture (the “Base Indenture”), dated as of July 15, 2011 between the Issuer and The Bank of New York Mellon, as Trustee (the “Trustee”), as supplemented in the case of the Notes by the Second Supplemental Indenture, dated as of March 12, 2012, between the Issuer and the Trustee (the Base Indenture, as so supplemented, the “Indenture”), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Issuer and the holders of the Notes.  This series of Notes is initially limited in aggregate principal amount as specified in said Second Supplemental Indenture.  This series of Notes and any Additional Notes of this series shall constitute one series for all purposes under the Indenture, including without limitation, amendments, waivers and redemptions.  The terms and conditions of this series of Notes and any Additional Notes of this series (other than the issue price, the date of issuance, the payment of interest accruing prior to the issue date of the Additional Notes and the first payment of interest following such issue date) shall be the same and shall bear the same CUSIP number.

 

The Notes may be redeemed in whole at any time or in part from time to time, at the option of the Issuer.  The redemption price (the “Redemption Price”) of the Notes to be redeemed shall be calculated as follows, plus, in each case, accrued and unpaid interest on the principal amount being redeemed to but excluding the redemption date:

 

(a) If the redemption date is prior to March 1, 2017, the Notes may be redeemed by the Issuer at a Redemption Price equal to the greater of (1) 100% of the principal amount of the Notes to be redeemed and (2) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed (exclusive of interest accrued to the date of redemption) discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at then current Treasury Rate plus 25 basis points.

 

(b) If the redemption date is on or after March 1, 2017, the Notes may be redeemed by the Issuer at a Redemption Price equal to 100% of the principal amount of the Notes to be redeemed.

 

In case the Issuer shall desire to exercise such right to redeem all or, as the case may be, a portion of the Notes, the Issuer shall, or shall cause the Trustee to,

 

  

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give notice of such redemption to holders of the Notes to be redeemed by mailing, first class postage prepaid, a notice of such redemption not less than 30 days and not more than 60 days before the date fixed for redemption to such holders at their last addresses as they shall appear upon the Security Register.  Any notice that is mailed in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the registered holder received the notice.  In any case, failure duly to give such notice to the holder of any Note designated for redemption in whole or in part, or any defect in the notice, shall not affect the validity of the proceedings for the redemption of any other Note.

Each such notice of redemption shall specify the date fixed for redemption and the Redemption Price at which the Notes are to be redeemed, and shall state that payment of the Redemption Price of such Notes to be redeemed will be made at the office or agency of the Issuer in the Borough of Manhattan, the City and State of New York, upon presentation and surrender of such Notes, that interest accrued to the date fixed for redemption will be paid as specified in said notice and, that from and after said date interest will cease to accrue; except that interest shall continue to accrue on any such Note or portion thereof with respect to which the Issuer defaults in the payment of such Redemption Price and accrued interest.  If less than all the Notes are to be redeemed, the notice to the holders of the Notes to be redeemed in whole or in part shall specify the particular Notes to be redeemed.  In case any Note is to be redeemed in part only, the notice that relates to such Note shall state the portion of the principal amount thereof to be redeemed, and shall state that on and after the redemption date, upon surrender of such security, a new Note in principal amount equal to the unredeemed portion thereof will be issued.

 

If less than all the Notes are to be redeemed, the Issuer shall give the Trustee at least 45 days’ notice in advance of the date fixed for redemption as to the aggregate principal amount of Notes to be redeemed, and thereupon the Trustee shall select, by lot or in such other manner as it shall deem appropriate and fair in its discretion and that may provide for the selection of a portion or portions (equal to one thousand U.S. dollars ($1,000) or integral multiples of $1,000 in excess thereof) of the principal amount of such Notes of a denomination larger than $1,000, the Notes to be redeemed and shall thereafter promptly notify the Issuer in writing of the numbers of the Notes to be redeemed, in whole or in part.

 

The Issuer may, if and whenever it shall so elect, by delivery of instructions signed on its behalf by its President or any Vice President, instruct the Trustee or any paying agent to call all or any part of the Notes for redemption and to give notice of redemption in the manner set forth in this Note, such notice to be in the name of the Issuer or its own name as the Trustee or such paying agent may deem advisable.  In any case in which notice of redemption is to be given by the Trustee or any such paying agent, the Issuer shall deliver or cause to be delivered

 

  

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to, or permit to remain with, the Trustee or such paying agent, as the case may be, such Security Register, transfer books or other records, or suitable copies or extracts therefrom, sufficient to enable the Trustee or such paying agent to give any notice by mail that may be required under the provisions stated herein.

 

Subject to Section 2.11 of the Base Indenture, the Issuer shall not be required (i) to issue, register the transfer of or exchange any Notes during a period beginning at the opening of business 15 days before the day of the mailing of a notice of redemption of the Notes selected for redemption and ending at the close of business on the day of such mailing, or (ii) to register the transfer of or exchange any Notes so selected for redemption in whole or in part, except the unredeemed portion of any such Notes being redeemed in part.

 

If the giving of notice of redemption shall have been completed as above provided, the Notes or portions of the Notes to be redeemed specified in such notice shall become due and payable on the date and at the place stated in such notice at the applicable Redemption Price, and interest on such Notes shall cease to accrue on and after the date fixed for redemption, unless the Issuer shall default in the payment of such Redemption Price and accrued interest.

 

The Indenture contains provisions permitting the Issuer and the Trustee, with the consent of the holders of not less than a majority in aggregate principal amount of the Securities of all of the series at the time Outstanding affected thereby (all such series voting together as a single class), as defined in the Indenture, to execute supplemental indentures for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Base Indenture or of any supplemental indenture or of modifying in any manner the rights of the holders of the Notes; provided, however, that no such supplemental indenture shall, without the consent of the holders of each Security then Outstanding and affected thereby (i) extend the fixed maturity of any Securities, including the Notes, or reduce the principal amount thereof, or reduce the rate or extend the time of payment of interest thereon, or reduce any premium payable upon the redemption thereof, or (ii) reduce the aforesaid percentage of Securities, the holders of which are required to consent to any such supplemental indenture.  The Indenture also contains provisions permitting the holders of a majority in aggregate principal amount of the Securities of all series at the time Outstanding affected thereby (all such series voting together as a single class), to waive any past default in the performance of any of the covenants contained in the Base Indenture, or established pursuant to the Base Indenture with respect to such series, and its consequences, except a default in the payment of the principal of or premium, if any, or interest on any Securities, including the Notes, in which case, each such affected series voting as a separate class.  Any such consent or waiver by the registered holder of this Note (unless revoked as provided in the Base Indenture) shall be conclusive and binding upon such holder and upon all future holders and owners of this Note and of any Note issued in exchange herefor or in

 

  

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place hereof (whether by registration of transfer or otherwise), irrespective of whether or not any notation of such consent or waiver is made upon this Note.

 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Issuer, which is absolute and unconditional, to pay the principal of and premium, if any, and interest on this Note at the time and place and at the rate and in the money herein prescribed.

 

The Issuer is subject to certain covenants contained in the Indenture with respect to, and for the benefit of the holders of, the Notes.  The Trustee shall not be obligated to monitor or confirm, on a continuing basis or otherwise, the Issuer’s compliance with the covenants contained in the Indenture or with respect to reports or other certificates filed under the Indenture; provided, however, that nothing herein shall relieve the Trustee of any obligations to monitor the Issuer’s timely delivery of all reports and certificates required under Section 5.03 of the Base Indenture and to fulfill its obligations under Article VII of the Indenture.  If an Event of Default as defined in the Indenture with respect to the Notes shall occur and be continuing, the principal of the Notes may be declared due and payable in the manner and with the effect provided in the Indenture.

 

As provided in and subject to the provisions of the Indenture, the holder of this Note shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or Trustee or for any other remedy thereunder, unless such holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Notes, the holders of not less than 25% in principal amount of the Outstanding Notes (in the case of an Event of Default described in clauses (a)(i) or (a)(ii) of Section 6.01 of the Base Indenture, each such series voting as a separate class, and in the case of an Event of Default described in clauses (a)(iii), (a)(iv), (a)(v) or (a)(vi) of Section 6.01 of the Base Indenture, all affected series voting together as a single class) shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity and the Trustee shall have failed to institute any such proceeding for 60 days after receipt of such notice, request and offer of indemnity and the Trustee shall not have received from the holders of a majority in principal amount of the Notes at the time Outstanding (voting as provided in Section 6.04(b) of the Base Indenture) a direction inconsistent with such request.  The foregoing shall not apply to any suit instituted by the holder of this Note for the enforcement of any payment of principal hereof or any interest on or after the respective due dates expressed herein.

 

As provided in the Indenture and subject to certain limitations therein set forth, this Note is transferable by the registered holder hereof on the Security Register of the Issuer, upon surrender of this Note for registration of transfer at the office or agency of the Issuer in the Borough of Manhattan, the City and State

 

  

A-11

  

 

of New York accompanied by a written instrument or instruments of transfer in form satisfactory to the Issuer or the Trustee duly executed by the registered holder hereof or his attorney duly authorized in writing, and thereupon one or more new Notes of authorized denominations and for the same aggregate principal amount and series will be issued to the designated transferee or transferees.  No service charge will be made for any such transfer, but the Issuer may require payment of a sum sufficient to cover any tax or other governmental charge payable in relation thereto.

 

Prior to due presentment for registration of transfer of this Note, the Issuer, the Trustee, any paying agent and any Security Registrar may deem and treat the registered holder hereof as the absolute owner hereof (whether or not this Note shall be overdue and notwithstanding any notice of ownership or writing hereon made by anyone other than the Security Registrar) for the purpose of receiving payment of or on account of the principal hereof and premium, if any, and interest due hereon and for all other purposes, and neither the Issuer nor the Trustee nor any paying agent nor any Note Registrar shall be affected by any notice to the contrary.

 

No recourse shall be had for the payment of the principal of or the interest on this Note, or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture, against any incorporator, stockholder, officer or director, past, present or future, as such, of the Issuer or of any predecessor or successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issuance hereof, expressly waived and released.

 

The Notes are issuable only in registered form without coupons in authorized denominations.  As provided in the Indenture and subject to certain limitations herein and therein set forth, Notes so issued are exchangeable for a like aggregate principal amount of Notes of a different authorized denomination, as requested by the holder surrendering the same.

 

All terms used in this Note which are defined in the Indenture shall have the meanings assigned to them in the Indenture.

 

THE INDENTURE AND THE NOTES INCLUDING THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK.

 

Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer has caused “CUSIP” numbers to be printed on the Notes as a convenience to the holders of the Notes.  No representation is made as to the correctness or accuracy of such CUSIP numbers

 

  

A-12

  

 

as printed on the Notes, and reliance may be placed only on the other identification numbers printed hereon.

 

Unless the certificate of authentication hereon has been executed by or on behalf of the Trustee by manual signature, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purposes.

 

 A-13EXHIBIT 10.1

 

STOCK PURCHASE AGREEMENT

 

THIS STOCK PURCHASE
AGREEMENT (this “Agreement”) is made effective as of March 8, 2012 by and among Bayou City Exploration, Inc.,
a Nevada corporation (the “Company”), and the investors listed on the Schedule of Investors attached
hereto (each, an “Investor” and collectively, the “Investors”).

WHEREAS, the Company
desires to raise capital of at least $350,000 pursuant to this Agreement (the “Offering”); and

WHEREAS, the Investors
desire to purchase, and the Company desires to sell to each Investor who desires to participate in the Offering, shares of the
Company’s common stock, $0.005 par value, (referred to herein as the “Shares”) in the number set forth
opposite such Investor’s name on Schedule A, upon the terms and conditions set forth in this Agreement;

 

NOW, THEREFORE,
in consideration of the foregoing premises and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Company and the Investors hereby agree as follows:

1.Purchase
and Sale of Shares; Closing. Subject to the terms and conditions of this Agreement, the initial purchase and sale of the Shares,
which must be in an aggregate principal amount of not less than $350,000, shall take place at the principal office of the Company,
at 3:00 p.m., on March 8, 2012, or such other date and time as may be mutually acceptable to the Company and the Investors (the
“Closing”). The Company shall deliver to each Investor the original stock certificate that such Investor is
purchasing at the Closing as soon as practicable upon confirmation of receipt of payment of the purchase price therefor, which
purchase price shall equal the principal amount of the Shares purchased (the “Purchase Price”) and shall be
paid in cash by each Investor by check or wire transfer to the Company unless otherwise indicated on Schedule A, pursuant
to the instructions attached hereto as Exhibit A.

2.Representations
and Warranties of the Company. The Company represents and warrants the following:

2.1Organization,
Good Standing and Qualification. The Company is a corporation duly organized, validly existing and in good standing under the
laws of the State of Nevada. The Company is duly qualified to transact business and is in good standing in each jurisdiction in
which the failure to so qualify would have a material adverse effect on its business or properties.

2.2Authorization.
All corporate action on the part of the Company, its officers, directors and stockholders necessary for the authorization, execution
and delivery of this Agreement and the Shares, the performance of all obligations of the Company hereunder and under the Shares,
and the authorization, sale and issuance of the Shares being sold hereunder, has been taken or will be taken prior to the Closing.
This Agreement and the Shares constitute valid and legally binding obligations of the Company, enforceable in accordance with their
respective terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of
general application affecting enforcement of creditors’ rights generally, and (ii) as limited by laws relating to the
availability of specific performance, injunctive relief or other equitable remedies.

2.3Capitalization.
The authorized capital stock of the Company consists of 150,000,000 shares of common stock, $0.005 par value and 5,000,000 shares
of preferred stock, $0.001 par value, of which 29,003,633 shares and 0 shares, respectively, are issued and outstanding as of
the date hereof and are fully paid and nonassessable.

    	1

    	 

    
 

2.4Offering.
Subject in part to the truth and accuracy of each Investor’s representations set forth in Section 3 of this Agreement, the
issuance and sale of the Shares as contemplated by this Agreement are intended to be exempt from the registration requirements
of the Securities Act of 1933, as amended (the “Securities Act”).

2.5Compliance
With Other Instruments. The Company is not in material violation of any provision of its Certificate of Incorporation as amended
to date, or Bylaws nor, to its knowledge, will the execution and performance of this Agreement or the issuance of the Shares constitute
a violation or breach of any other agreement between the Company and any other person or entity.

2.6Securities
Filings. The Company’s common stock is registered pursuant to Section 12(b) or 12(g) of the Securities Exchange Act of
1934, as amended (the “Exchange Act”). The Company will take all action necessary to cause its Common Stock
to continue to be registered under Sections 12(b) or 12(g) of the Exchange Act. The Company has filed in a timely manner all reports
required to be filed by it within the past twelve (12) calendar months with the Securities and Exchange Commission (the “SEC”)
pursuant to the reporting requirements of the Exchange Act (all of the foregoing including filings incorporated by reference therein
being referred to herein as the “Company SEC Documents”). As of the time it was filed with or furnished to the
SEC: (i) each of the Company SEC Documents complied in all material respects with the applicable requirements of the Securities
Act or Exchange Act (as the case may be) and the rules and regulations promulgated thereunder; and (ii) none of the Company SEC
Documents contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein or
necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
The Company has not received any comments from the SEC relating to any of the Company SEC Documents that have not been fully resolved
(nor has the Company been informed that the SEC intends to review any of the Company SEC Documents).

3.Representations
and Warranties of the Investors. Each Investor, severally and not jointly, hereby represents, warrants and covenants that:

3.1Authorization.
Such Investor has full power and authority to enter into this Agreement, and this Agreement is a legal, valid and binding agreement
of such Investor, enforceable in accordance with its terms.

3.2Purchase
Entirely For Own Account. This Agreement is made with such Investor in reliance upon such Investor’s representations
to the Company, which by such Investor’s execution of this Agreement such Investor hereby confirms, that the Shares to be
received by such Investor will be acquired for investment for such Investor’s own account, not as a nominee or agent, and
not with a view to the resale or distribution of any part thereof, and that such Investor has no present intention of selling,
granting any participation in or otherwise distributing the same. By executing this Agreement, such Investor further represents
that such Investor does not have any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant
participations to such person or to any third person, with respect to the Shares.

3.3Disclosure
of Information. Such Investor has received all the information it requested from the Company that is material to such Investor’s
decision to purchase the Shares. Such Investor further represents that it has had an opportunity to ask questions and receive
answers from the Company regarding the terms and conditions of the offering of the Shares and the business, properties, prospects,
litigation matters, and financial condition of the Company.

    	2

    	 

    
 

3.4Investment
Experience. Such Investor is an investor in securities of companies of this type and acknowledges that it is able to fend for
itself, can bear the economic risk of its investment, and has such knowledge and experience in financial or business matters that
it is capable of evaluating the merits and risks of the investment in the Shares. If other than an individual, such Investor also
represents it has not been organized for the purpose of acquiring the Shares.

3.5Accredited
Investor. Such Investor is an “accredited investor” as defined in Rule 501 of Regulation D promulgated by the SEC
under the Securities Act.

3.6Restricted
Securities. Such Investor understands that the Shares to be purchased hereunder are characterized as “restricted securities”
under the federal securities laws inasmuch as they are being acquired from the Company in a transaction not involving a public
offering and that under such laws and applicable regulations such Shares may be resold without registration under the Securities
Act only in certain limited circumstances. In the absence of an effective registration statement covering the Shares or an available
exemption from registration under the Securities Act, the Shares must be held indefinitely. Such Investor further represents that
it is familiar with SEC Rule 144 promulgated under the Securities Act, as presently in effect, and understands the resale limitations
imposed thereby and by the Securities Act, including without limitation the Rule 144 condition that current information about the
Company be available to the public.

3.7Legends.
Such Investor understands and acknowledges that each stock certificate issued in connection with the Shares shall be endorsed with
the legend set forth below:

THE COMMON
STOCK HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD, PLEDGED, OR OTHERWISE TRANSFERRED OR DISPOSED OF UNLESS AND UNTIL THIS COMMON STOCK
IS REGISTERED UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE.

3.8True and
Correct Information. All information that Investor has provided or caused to be provided to the Company in connection with
the purchase of the Shares hereunder is correct and complete as of the date set forth on the Investor’s signature page of
this Agreement.

3.9Reliance.
Such Investor understands that the acceptance of this Agreement by the Company will be based, in part, on the Investor’s
representations, warranties, covenants and acknowledgements set forth in this Section 3. The Investor agrees to indemnify
the Company from any and all claims, losses, damages and expenses (including without limit attorneys’ fees and disbursements)
arising out of any alleged material breach of this Agreement by the Investor or material inaccuracy of any representation or warranty
by the Investor.

3.10Further
Limitations on Disposition. Without in any way limiting the representations set forth above, such Investor further agrees not
to make any disposition of all or any portion of the Shares unless and until such Investor shall have notified the Company in writing
of the proposed disposition, and shall have furnished the Company with a detailed statement of the circumstances surrounding the
proposed disposition, and if requested by the Company, such Investor shall have furnished the Company with an opinion of counsel,
reasonably satisfactory to the Company that such disposition will not require registration under the Securities Act.

    	3

    	 

    

3.11Tax Advisors.
Such Investor has reviewed with such Investor’s own tax advisors the foreign, federal, state and local tax consequences of
this investment, where applicable, and the transactions contemplated by this Agreement. Each such Investor is relying solely on
such advisors and not on any statements or representations of the Company or any of its agents and understands that each such Investor
(and not the Company) shall be responsible for such Investor’s own tax liability that may arise as a result of this investment
or the transactions contemplated by this Agreement.

3.12Investor
Review. Such Investor acknowledges that such Investor has had the opportunity to review this Agreement, and all exhibits attached
hereto, and the transactions contemplated by this Agreement and to consult with such Investor’s own legal counsel and advisors.
Each such Investor is relying solely on such Investor’s legal counsel, if consulted, and not on any statements or representations
of the Company or any of the Company’s agents for legal advice with respect to this investment or the transactions contemplated
by this Agreement.

4.Conditions
of Investors’ Obligations at the Closing. The obligations of each Investor with respect to the Closing are subject to
the fulfillment on or before the Closing of each of the following conditions, the waiver of which shall not be effective against
any Investor who does not consent in writing thereto:

4.1Representations
and Warranties. The representations and warranties of the Company contained in Section 2 shall be true on and as of the Closing
with the same effect as though such representations and warranties had been made on and as of the date of the Closing.

4.2Performance.
The Company shall have performed and complied with all material agreements, obligations and conditions contained in this Agreement
that are required to be performed or complied with by it on or before the Closing.

5.Conditions
of the Company’s Obligations at Closing. The obligations of the Company to each Investor under this Agreement are subject
to the fulfillment on or before the Closing of each of the following conditions by that Investor:

5.1Representations
and Warranties. The representations and warranties of the Investor contained in Section 3 shall be true on and as of the Closing
with the same effect as though such representations and warranties had been made on and as of the Closing.

5.2Payment
of Purchase Price. The Investor shall have delivered the applicable Purchase Price as provided for in Section 1.

6.Miscellaneous.

6.1Survival.
The warranties, representations and covenants of the Investors contained in or made pursuant to this Agreement shall survive the
execution and delivery of this Agreement and the Closing. The warranties, representations and covenants of the Company shall survive
execution and delivery of this Agreement and the Closing.

6.2Successors
and Assigns. Except as otherwise provided herein, the terms and conditions of this Agreement shall inure to the benefit of
and be binding upon the respective successors and assigns of the parties (including transferees of the Shares). Nothing in this
Agreement, express or implied, is intended to confer upon any party, other than the parties hereto or their respective successors
and assigns, any rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly provided
in this Agreement.

    	4

    	 

    

6.3Choice of
Law; Jurisdiction. This Agreement shall be governed by and construed under the laws of the State of Nevada as applied to agreements
among Nevada residents entered into and to be performed entirely within Nevada. Any lawsuit or litigation arising under, out
of, in connection with, or in relation to this Agreement, any amendment hereof, or the breach hereof, shall be brought in the courts
of Bowling Green, Kentucky, which courts shall have exclusive jurisdiction over any such lawsuit or litigation.

6.4Titles and
Subtitles. The titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing
or interpreting this Agreement.

6.5Notices.
All notices required or permitted hereunder shall be in writing and shall be deemed effectively given: (i) upon personal delivery
to the party to be notified, (ii) upon transmission when sent via e-mail; (iii) when sent by confirmed facsimile if sent during
normal business hours of the recipient, if not, then on the next business day; (iv) five (5) days after having been sent by
registered or certified mail, return receipt requested, postage prepaid; or (v) one (1) day after deposit with a nationally
recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications shall be sent
to the address as set forth on the signature page hereof or at such other address as such party may designate by ten (10) days
advance written notice to the other parties hereto.

6.6Finder’s
Fee. Each Party represents that it neither is nor will be obligated for any finders’ fee or commission in connection
with this transaction. Each Investor agrees to indemnify and to hold harmless the Company from any liability for any commission
or compensation in the nature of a finders’ fee (and the costs and expenses of defending against such liability or asserted
liability) for which such Investor or any of its officers, partners, employees or representatives is responsible.

6.7No Joint
Venture. Nothing in this Agreement shall create or be deemed to create a joint venture or partnership among the parties. Each
party agrees not to hold itself out as having any authority or as being in a relationship contrary to this Section 6.7.

6.8Expenses;
Attorneys’ Fees. Regardless of whether the Closing occurs, each party shall pay all costs and expenses that it incurs
with respect to the negotiation, execution, delivery and performance of this Agreement. If any action at law or in equity is necessary
to enforce or interpret the terms of this Agreement or the Shares, the prevailing party shall be entitled to reasonable attorneys’
fees, costs and necessary disbursements in addition to any other relief to which such party may be entitled.

6.9Amendments
and Waivers. Except as otherwise provided in this Agreement, any term of this Agreement may be amended and the observance of
any term of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively),
only with the written consent of the Company and the holders of the Shares.

6.10Severability.
If one or more provisions of this Agreement are held to be unenforceable under applicable law, such provision shall be excluded
from this Agreement to the minimum extent necessary to comply with the laws of the relevant jurisdiction and the balance of the
Agreement shall be interpreted as if such provision were so excluded in such jurisdiction and shall be enforceable in accordance
with its terms.

6.11Entire
Agreement. This Agreement and the documents referred to herein constitute the entire agreement among the parties.

6.12Counterparts.
This Agreement may be executed in two (2) or more original or facsimile counterparts all of which together shall constitute one
and the same instrument.

[REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK]

    	5

    	 

    

IN WITNESS WHEREOF,
the parties have executed this Stock Purchase Agreement as of the date first above written.

COMPANY:

	 	 	
        Bayou
        City Exploration, Inc., 

        a Nevada Corporation

         

         

        By: __________________________

        Stephen C. Larkin

        Chief Financial Officer

         

	 	Address:	
        Bayou City Exploration, Inc.

        Attention: Chief Financial Officer

        632 Adams Street, Suite 700

        Bowling Green, Kentucky 42101

	 	E-mail:	larkin@blueridgegroup.com

 

INVESTORS:

 

	 	Investor:	
        ______________________________

        Charles T. Bukowski, Jr.

         

	 	Address:	
        Charles T. Bukowski, Jr.

        15822 Rose Pine Court

        Cypress, Texas 77429

        

	 	E-mail:	Charlie@beachcomberoil.com

 

	 	Investor:	
        ______________________________

        Travis N. Creed

         

	 	Address:	
        Travis N. Creed

        1424 Rivergreen Lane

        Bowling Green, Kentucky 42103

        

	 	E-mail:	travis@blueridgegroup.com

 

    	6

    	 

    

	 	Investor:	
        ______________________________

        Stephen C. Larkin

  

	 	Address:	
        Stephen C. Larkin

        830 Covington Grove Boulevard

        Bowling Green, Kentucky 42104

	 	E-mail:	larkin@blueridgegroup.com

  

	 	Investor:	
        ______________________________

Robert D. Burr

         

        ______________________________

        Doris R. Burr

 

	 	Address:	
        Robert D. and Doris B. Burr

        1314 Fairview Avenue

        Bowling Green, Kentucky 42101

	 	E-mail:	rburr228@gmail.com

  

	 	Investor:	
        ______________________________

        Danny W. Looney

  

	 	Address:	
        Danny W. Looney

        5969 Campus Court

        Plano, Texas 75093

	 	E-mail:	dlooney@sbcglobal.net

 

	 	Investor:	
        ______________________________

Harry J. Peters

  

	 	Address:	
        Harry J. Peters

        902 Three Wood Circle

        Bowling Green, Kentucky 42103

	 	E-mail:	harrypeters@blueridgegroup.com

 

    	7

    	 

    

	 	Investor:	
        ______________________________

Robert D. Shallow

  

	 	Address:	
        Robert D. Shallow

        182 S. Bear Lake Road

        North Muskegon, Michigan 49442

	 	E-mail:	lionbobmi@aol.com

  

	 	Investor:	
        G2 International, Inc.

         

         

        By:____________________________

        Name:__________________________

        Title:___________________________

  

	 	Address:	
        G2 International, Inc.

        Attention:_______________________

        1810 Three Galleria Tower

        13155 Noel Road

        Dallas, Texas 75240

	 	E-mail:	gust@g2usainc.com

 

    	8

    	 

    

  

Schedule A

Schedule of
Investors

 

	Investor	Shares in Offering	Consideration
	Charles
    T. Bukowski, Jr.	3,000,000	$	15,000
	Travis N. Creed	3,000,000	$	15,000
	Stephen C. Larkin	26,000,000	$	130,000
	Robert D. and Doris R. Burr	28,500,000	$	142,500
	Danny W. Looney	1,000,000	$	5,000
	Harry J. Peters	3,000,000	$	15,000
	Robert D. Shallow	1,000,000	$	5,000
	G2 International, Inc.	4,500,000	$	22,500*

 

*Represents settlement
of outstanding invoices for services rendered to the Company.

 

    	9

    	 

    

 

EXHIBIT A

BAYOU CITY EXPLORATION, INC. WIRE INSTRUCTIONS

 

Wire to: Monticello Bank

1840 Cave Mill Road

Bowling Green, KY 42101

ABA No: 083902581

 

 

Credit to:

Bayou City Exploration, Inc.

632 Adams Street

Bowling Green, KY 42101

Acct. No.: 0503258

 

 

 

10

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