Document:

EX-4.2

 Exhibit 4.2 

Execution Version 
 SPIRE INC.

 and 
 UMB
BANK & TRUST, N.A., 
 Trustee 

SECOND SUPPLEMENTAL INDENTURE 

Dated as of February 27, 2017 

To 
 INDENTURE 

Dated as of August 19, 2014 

3.543% Senior Notes due 2024 

 TABLE OF CONTENTS 

 

							
		  		  	 	Page	 
		  	ARTICLE ONE	  			
			
		  	DEFINITIONS	  			
			
	 Section 1.01.
	  	 Definition of Terms
	  	 	1	 
			
		  	ARTICLE TWO	  			
			
		  	GENERAL TERMS AND CONDITIONS OF THE 2024 NOTES	  			
			
	 Section 2.01.
	  	 Designation and Principal Amount
	  	 	2	 
	 Section 2.02.
	  	 Maturity
	  	 	2	 
	 Section 2.03.
	  	 Further Issues
	  	 	2	 
	 Section 2.04.
	  	 Form
	  	 	2	 
	 Section 2.05.
	  	 Interest
	  	 	2	 
	 Section 2.06.
	  	 Authorized Denominations
	  	 	3	 
	 Section 2.07.
	  	 Redemption
	  	 	3	 
	 Section 2.08.
	  	 Appointment of Agents
	  	 	3	 
			
		  	ARTICLE THREE	  			
			
		  	OPTIONAL REDEMPTION; NO SINKING FUND	  			
			
	 Section 3.01.
	  	 Optional Redemption by Company
	  	 	3	 
	 Section 3.02.
	  	 No Sinking Fund
	  	 	5	 
			
		  	ARTICLE FOUR	  			
			
		  	FORM OF 2024 NOTE	  			
			
	 Section 4.01.
	  	 Form of 2024 Note
	  	 	5	 
			
		  	ARTICLE FIVE	  			
			
		  	MISCELLANEOUS	  			
			
	 Section 5.01.
	  	 Ratification of Indenture
	  	 	5	 
	 Section 5.02.
	  	 Trustee Not Responsible for Recitals
	  	 	5	 
	 Section 5.03.
	  	 Governing Law
	  	 	5	 
	 Section 5.04.
	  	 Separability
	  	 	6	 
	 Section 5.05.
	  	 Counterparts
	  	 	6	 
	 Section 5.06.
	  	 Trust Indenture Act
	  	 	6	 

  
 i 

			
	Exhibits	  	
	
	Exhibit A         Form of 2024 Note

  
 ii 

 SECOND SUPPLEMENTAL INDENTURE, dated as of February 27, 2017 (this “Second Supplemental
Indenture”), between Spire Inc. (formerly The Laclede Group, Inc.), a corporation duly organized and existing under the laws of the State of Missouri, having its principal office at 700 Market Street, St. Louis, Missouri 63101 (the
“Company”), and UMB Bank & Trust, N.A., as trustee (the “Trustee”). 
 WHEREAS, the Company executed and
delivered the indenture, dated as of August 19, 2014, to the Trustee (the “Indenture”), to provide for the issuance of the Company’s debentures, notes or other evidences of indebtedness (the “Securities”), in one or
more fully registered series; 
 WHEREAS, pursuant to Section 1201 of the Indenture, the Company issued, pursuant to that certain first
supplemental indenture, dated as of August 19, 2014 (the “First Supplemental Indenture”), (i) a series of its Securities known as its Floating Rate Senior Notes due 2017, (ii) a series of its Securities known as its 2.55% Senior Notes
due 2019 and (iii) a series of its Securities known as its 4.70% Senior Notes due 2044; 
 WHEREAS, pursuant to Section 1201 of
the Indenture, the Company desires to provide for the issuance of a new series of its Securities to be known as its 3.543% Senior Notes due 2024 (the “2024 Notes”) and to establish the form of the 2024 Note thereof, as provided in
Section 201 of the Indenture, and to set forth the terms thereof, as provided in Section 301 of the Indenture; 
 WHEREAS, the
Company has requested that the Trustee execute and deliver this Second Supplemental Indenture; and 
 WHEREAS, all things necessary to make
this Second Supplemental Indenture a valid agreement of the Company, in accordance with its terms, and to make the 2024 Notes, when executed by the Company and authenticated and delivered by the Trustee, the valid obligations of the Company, have
been done; 
 NOW THEREFORE, in consideration of the premises and the purchase and acceptance of the 2024 Notes by the Holders thereof, and
for the purpose of setting forth, as provided in the Indenture, the form and terms of the 2024 Notes, it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of the 2024 Notes, as follows: 

ARTICLE ONE 

DEFINITIONS 

Section 1.01.    Definition of Terms. Unless the context otherwise requires: 

(a)    each term defined in the Indenture has the same meaning when used in this Second Supplemental Indenture; 

(b)    each term defined anywhere in this Second Supplemental Indenture has the same meaning throughout; 

(c)    the singular includes the plural and vice versa; and 

 (d)    headings are for convenience of reference only and do not affect
interpretation. 
 ARTICLE TWO 

GENERAL TERMS AND CONDITIONS OF THE 2024 NOTES 

Section 2.01.    Designation and Principal Amount. There is hereby authorized and established a series of
Securities under the Indenture, designated as the “3.543% Senior Notes due 2024”, which is not limited in aggregate principal amount. The aggregate principal amount of the 2024 Notes to be issued on the date hereof is $150,000,000. 2024
Notes in the aggregate principal amount of $150,000,000 may, upon execution of this Second Supplemental Indenture, be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall, upon receipt of a Company Order,
authenticate and deliver said 2024 Notes as provided in said Company Order. 
 Section 2.02.    Maturity.
The Stated Maturity of principal of the 2024 Notes is February 27, 2024. 
 Section 2.03.    Further
Issues. The Company may from time to time, without the consent of the Holders of the 2024 Notes, issue additional 2024 Notes. Any such additional 2024 Notes will have the same ranking, interest rate, maturity date and other terms as the 2024
Notes herein provided for (except for the original issue date, the public offering price and, if applicable, the initial interest payment date). Any such additional 2024 Notes, together with the 2024 Notes herein provided for, will constitute a
single series of Securities under the Indenture. No additional 2024 Notes may be issued if an Event of Default has occurred and is continuing with respect to the 2024 Notes. The Company will not issue any additional 2024 Notes intended to form a
single series with the 2024 Notes herein provided for unless such additional 2024 Notes will be fungible with the 2024 Notes herein provided for, for U.S. federal income tax purposes. 

Section 2.04.    Form. Upon the original issuance of the 2024 Notes, $143,750,000 in principal amount of the
2024 Notes will be represented by one or more definitive Securities registered in the names of the Holders thereof, and $6,250,000 in principal amount of the 2024 Notes will be represented by a Global Security registered in the name of
Cede & Co., the nominee of the Depositary. The Company will deposit the Global Security with the Depositary or its custodian. In accordance with Section 203 of the Indenture, such definitive Securities may be exchanged for beneficial
interests in the Global Security, in which case the principal amount of the Global Security will be increased accordingly and an endorsement will be made on the Global Security by the Trustee or by the Depositary at the direction of the Trustee to
reflect such increase. 
 Section 2.05.    Interest. 

(a)    The 2024 Notes will bear interest (computed on the basis of a 360-day year
consisting of twelve 30-day months) from February 27, 2017 at the rate of 3.543% per annum, payable semiannually in arrears; interest payable on each interest payment date (as defined in the Indenture)
will include interest accrued from February 27, 2017, or from the most recent interest payment date to which interest has been paid or duly provided for; the interest payment dates on which such interest shall be payable are February 27
and August 27, 

  
 2 

 beginning on August 27, 2017; and the Regular Record Date for the interest payable on any interest payment date
is the close of business on the February 15 or August 15 (whether or not a Business Day), as the case may be, immediately preceding the relevant interest payment date. If any interest payment date falls on a day that is not a Business Day, the
required payment on that day will be due on the next succeeding Business Day as if made on the date the payment was due, and no interest will accrue on that payment for the period from and after that interest payment date to the date of payment on
the next succeeding Business Day. If any interest payment date for the 2024 Notes falls on a day that is not a Business Day, the required payment on that day will be due on the next succeeding Business Day, and no interest on that payment shall
accrue for the period from and after such interest payment date. 
 (b)    If the maturity date of the 2024 Notes falls
on a day that is not a Business Day, the required payment on that day will be due on the next succeeding Business Day, and no interest on that payment shall accrue for the period from and after the maturity date. 

Section 2.06.    Authorized Denominations. The 2024 Notes shall be issuable in denominations of $2,000 and
integral multiples of $1,000 in excess thereof. 
 Section 2.07.    Redemption. The 2024 Notes are subject
to redemption at the option of the Company as described in Article Three hereof. 
 Section 2.08.    Appointment
of Agents. The Trustee will initially be the Security Registrar and Paying Agent for the 2024 Notes and will act as such only at its corporate trust offices in the City of St. Louis, State of Missouri. 

ARTICLE THREE 
 OPTIONAL
REDEMPTION; NO SINKING FUND 
 Section 3.01.    Optional Redemption by Company. 

(a)    At the Company’s option, the 2024 Notes may be redeemed (the date of any such redemption, a “2024
Redemption Date”), (x) in whole or in part, at any time and from time to time on or after April 1, 2019 and prior to the Par Call Date at a redemption price to be calculated on the basis of a 360-day
year consisting of twelve 30-day months (the “2024 Redemption Price”) equal to the greater of the following amounts: 

(i)    100% of the principal amount of the 2024 Notes being redeemed on the relevant 2024 Redemption Date,
and 
 (ii)    the sum of the present values of the remaining scheduled payments of principal and
interest on the 2024 Notes being redeemed on the applicable 2024 Redemption Date that would be due if such 2024 Notes matured on the Par Call Date (not including the amount, if any, of accrued and unpaid interest to, but excluding, such 2024
Redemption Date) discounted to such 2024 Redemption Date on a semi-annual basis at the Treasury Rate, as determined by the Independent Investment Banker, plus 20 basis points; 

  
 3 

 and (y) in whole only, at any time on or after the Par Call Date at a redemption price equal to 100% of the
principal amount of the 2024 Notes being redeemed on the relevant 2024 Redemption Date; plus, in each of the cases of (x)(i) and (ii) and (y) above, accrued and unpaid interest on the 2024 Notes being redeemed to, but excluding, such 2024
Redemption Date. 
 (b)    Notice of any redemption of the 2024 Notes shall be given in the manner and otherwise in
accordance with the provisions of Section 404 of the Indenture to each Holder of Securities to be redeemed, at his address appearing in the Security Register, and that any such notice in lieu of stating the 2024 Redemption Price, shall state
the manner in which the 2024 Redemption Price shall be calculated. If the Company has given notice of redemption as provided in the Indenture and funds for the redemption of the 2024 Notes called for redemption have been made available on the 2024
Redemption Date referred to in that notice, such Notes will cease to bear interest on such 2024 Redemption Date (unless the Company defaults in the payment of the 2024 Redemption Price and accrued and unpaid interest). Any interest accrued to the
2024 Redemption Date will be paid as specified in such notice. 
 (c)    The following defined terms used in this
Article Three shall, unless the context otherwise requires, have the meanings specified below. 
 “Comparable Treasury Issue”
means the United States Treasury security selected by the Independent Investment Banker as having a maturity comparable to the remaining term of the 2024 Notes to be redeemed (assuming, for this purpose, that the 2024 Notes matured on the Par Call
Date) 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 the 2024 Notes. 

“Comparable Treasury Price” means (A) the average of the Reference Treasury Dealer Quotations for the 2024 Redemption Date and
the 2024 Notes to be redeemed, after excluding the highest and lowest of such Reference Treasury Dealer Quotations, or (B) if the Independent Investment Banker obtains fewer than four such Reference Treasury Dealer Quotations, the average of
such Reference Treasury Dealer Quotations, or (C) if only one Reference Treasury Dealer Quotation is received, such Reference Treasury Dealer Quotation. 

“Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the Company to act as the “Independent
Investment Banker.” 
 “Par Call Date” means December 27, 2023. 

“Reference Treasury Dealer” means (1) each of Credit Suisse Securities (USA) LLC and Wells Fargo Securities, LLC (or their
respective affiliates that are Primary Treasury Dealers), and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer in the United States (a
“Primary Treasury Dealer”), the Company will substitute therefor another Primary Treasury Dealer and (2) two other Primary Treasury Dealers selected by the Company. 

“Reference Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer and the 2024 Redemption Date and the
2024 Notes to be redeemed, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the 

  
 4 

 Comparable Treasury Issue for the 2024 Notes (expressed in each case as a percentage of its principal amount)
quoted in writing to the Independent Investment Banker by such Reference Treasury Dealer at 5:00 p.m. (New York City time) on the third Business Day preceding the 2024 Redemption Date . 

“Treasury Rate” means the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue,
assuming a price for such Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for the 2024 Redemption Date. 

(d)    In connection with any such redemption of the 2024 Notes, each Reference Treasury Dealer shall deliver the
Comparable Treasury Price to the Company and the Independent Investment Banker in writing two Business Days prior to the 2024 Redemption Date. At or prior to the time of giving of any notice of redemption to the Holders of the 2024 Notes, the
Company shall deliver an Officer’s Certificate to the Trustee setting forth the calculation of the 2024 Redemption Price or the manner in which the 2024 Redemption Price shall be calculated, as relevant, applicable to such redemption. The
Trustee shall be under no duty to inquire into, may conclusively presume the correctness of, and shall be fully protected in relying upon, the 2024 Redemption Price as so calculated, or the manner in which the 2024 Redemption Price shall be
calculated, as relevant, and set forth in such Officer’s Certificate. 
 Section 3.02.    No Sinking
Fund. The 2024 Notes are not entitled to the benefit of any sinking fund. 
 ARTICLE FOUR 

FORM OF 2024 NOTE 

Section 4.01.    Form of 2024 Note. The 2024 Notes and the Trustee’s Certificate of Authentication to be
endorsed thereon are to be substantially in the forms set forth in Exhibit A hereto. 
 ARTICLE FIVE 

MISCELLANEOUS 

Section 5.01.    Ratification of Indenture. The Indenture, as supplemented by the First Supplemental Indenture
and this Second Supplemental Indenture, is in all respects ratified and confirmed, and the First Supplemental Indenture and this Second Supplemental Indenture shall be deemed part of the Indenture in the manner and to the extent herein and therein
provided. 
 Section 5.02.    Trustee Not Responsible for Recitals. The recitals and statements herein
contained are made by the Company and not by the Trustee, and the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representation as to the validity or sufficiency of this Second Supplemental Indenture. 

Section 5.03.    Governing Law. This Second Supplemental Indenture and each Note shall be governed by and
construed in accordance with the laws of the State of New York. 

  
 5 

 Section 5.04.    Separability. In case any one or more of the
provisions contained in this Second Supplemental Indenture or in the 2024 Notes shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other
provisions of this Second Supplemental Indenture or of the 2024 Notes, but this Second Supplemental Indenture and the 2024 Notes shall be construed as if such invalid or illegal or unenforceable provision had never been contained herein or therein.

 Section 5.05.    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. The exchange of copies of this Second Supplemental Indenture and of signature pages by facsimile or electronic format
(i.e., “pdf” or “tif”) transmission shall constitute effective execution and delivery of this Second Supplemental Indenture as to the parties hereto and may be used in lieu of the original Second Supplemental Indenture for all
purposes. Signatures of the parties hereto transmitted by facsimile or electronic format (i.e., “pdf” or “tif”) shall be deemed to be their original signatures for all purposes. 

Section 5.06.    Trust Indenture Act. This Second Supplemental Indenture is subject to the provisions of the
Trust Indenture Act that are required to be part of the Indenture and shall, to the extent applicable, be governed by such provisions. If any provision in this Second Supplemental Indenture limits, qualifies or conflicts with another provision of
hereof which is required to be included herein by any provisions of the Trust Indenture Act, such required provision shall control. 

  
 6 

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

					
	SPIRE INC.
		
	By:	 	 /s/ Lynn D. Rawlings

		 	Name:	 	Lynn D. Rawlings
		 	Title:	 	Vice President, Treasurer and Assistant Corporate Secretary
	
	UMB BANK & TRUST, N.A., as Trustee
		
	By:	 	 /s/ Richard F. Novosak

		 	Name:	 	Richard F. Novosak
		 	Title:	 	Vice President

 [Signature Page to Second Supplemental Indenture] 

 EXHIBIT A 

FORM OF 2024 NOTE 
 [FOR GLOBAL
SECURITY: THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY
REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. THE TRUSTEE MAY MAKE SUCH
NOTATIONS ON THE SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL SECURITY APPENDED HERETO AS MAY BE REQUIRED PURSUANT TO THE INDENTURE. 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), TO THE COMPANY 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.] 
 SPIRE INC. 

3.543% SENIOR NOTES DUE 2024 

CUSIP No. 84857L AA9 
 ISIN No.
US84857LAA98 
 No. [●] 
 Spire Inc., a
corporation duly organized and existing under the laws of Missouri (herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to
Cede & Co. or registered assigns, the principal sum of [●] DOLLARS ($[●])[, as revised by the Schedule of Exchanges of Interests in the Global Security attached hereto,] on February 27, 2024, and to pay interest thereon
from February 27, 2017 or from the most recent interest payment date to which interest has been paid or duly provided for, semi-annually in arrears, on February 27 and August 27 in each year, beginning August 27, 2017 at the rate
of 3.543% per annum until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any interest payment date will, as provided in such Indenture, be paid to the Person in whose
name this Security (or one or more Predecessor Securities) is registered at the close of business 

  
 A-1 

 on the Regular Record Date for such interest, which shall be the February 15 or August 15 (whether or
not a Business Day), as the case may be, immediately preceding such interest payment date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be
paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be
given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of
this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. 

Payment of the principal of (and premium, if any) and interest on this Security will be made at the office or agency of the Company maintained
for that purpose in the City of St. Louis, State of Missouri, in such coin or currency of the United States as at the time of payment is legal tender for payment of public and private debts. 

All payments of principal, premium, if any, and interest in respect of this Security will be made by the Company in immediately available
funds. 
 Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions
shall for all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been
executed by the Trustee referred to on the reverse hereof by manual signature of one of its authorized signatories, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 A-2 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its
corporate seal. 
 Dated: 
  

					
	 SPIRE INC.

		
	 By:
	 	  

		 	Name: Lynn D. Rawlings
		 	Title:Vice President, Treasurer and Assistant          Corporate Secretary

 

			
		
	 Attest:
	 	 
		 	Name: Ellen L. Theroff
		 	Title: Vice President, Corporate and Shared Services
		 	Governance and Standards and Corporate Secretary

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 

 

							
	Dated:	 		 	
		 		 	 UMB Bank & Trust, N.A., as Trustee

				
		 		 	 By:
	 	 
		 		 		 	 Authorized Signatory

		 		 		 	

  
 A-3 

 [Reverse of Security] 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be
issued in one or more series under an Indenture, dated as of August 19, 2014 as supplemented by the first supplemental indenture dated as of August 19, 2014 and the second supplemental indenture dated as of February 27, 2017 (herein
called the “Indenture”, which then shall have the meaning assigned to it in such instrument) between the Company and UMB Bank & Trust, N.A., as Trustee (herein called the “Trustee”, which term includes any successor
trustee under the Indenture), and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the
terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof initially limited in aggregate principal amount to $150,000,000. 

At the Company’s option, the Securities of this series may be redeemed (the date of any such redemption, a “Redemption Date”)
(x) in whole or in part at any time and from time to time on or after April 1, 2019 and prior to the Par Call Date at a redemption price (the “Redemption Price”) of the Securities equal to the greater of the following amounts: 

(a)    100% of the principal amount of the Securities being redeemed on the applicable Redemption Date, and

 (b)    the sum of the present value of the remaining scheduled payments of principal and interest on
the Securities being redeemed on such Redemption Date that would be due if such Securities matured on the Par Call Date (not including the amount, if any, of accrued and unpaid interest to, but excluding, such Redemption Date) discounted to such
Redemption Date on a semi-annual basis at the Treasury Rate (as defined below), as determined by the Independent Investment Banker (as defined below), plus 20 basis points; 

and (y) in whole only, at any time on or after the Par Call Date at a redemption price equal to 100% of the principal amount of the Securities being
redeemed on the relevant Redemption Date; plus, in each case, accrued and unpaid interest on the Securities being redeemed to, but excluding, such Redemption Date. 

The Redemption Price will be calculated on the basis of a 360-day year consisting of twelve 30-day months. Once notice of redemption is mailed by the Company, the Securities called for redemption will become due and payable on the applicable Redemption Date at the applicable Redemption Price. 

Notice of any redemption of the Securities shall be given in the manner and otherwise in accordance with the provisions of Section 404 of
the Indenture to each Holder of Securities to be redeemed, at his address appearing in the Security Register, and that any such notice in lieu of stating the applicable Redemption Price, shall state the manner in which such Redemption Price shall be
calculated. If the Company has given notice of redemption as provided in the Indenture and funds for the redemption of the Securities called for redemption have been made available on the Redemption Date referred to in that notice, such Securities
will cease to bear interest on 

  
 A-4 

 such Redemption Date (unless the Company defaults in the payment of the applicable Redemption Price and accrued
and unpaid interest). Any interest accrued to such Redemption Date will be paid as specified in such notice. 
 “Comparable Treasury
Issue” means the United States Treasury security selected by the Independent Investment Banker as having a maturity comparable to the remaining term of the applicable Securities to be redeemed (assuming, for this purpose, that the Securities
matured on the Par Call Date) 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 Securities.

 “Comparable Treasury Price” means (A) the average of the Reference Treasury Dealer Quotations for the applicable
Redemption Date and applicable Securities to be redeemed, after excluding the highest and lowest of such Reference Treasury Dealer Quotations, or (B) if the Independent Investment Banker obtains fewer than four such Reference Treasury Dealer
Quotations, the average of such Reference Treasury Dealer Quotations, or (C) if only one Reference Treasury Dealer Quotation is received, such Reference Treasury Dealer Quotation. 

“Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the Company to act as the “Independent
Investment Banker.” 
 “Par Call Date” means December 27, 2023. 

“Reference Treasury Dealer” means (1) each of Credit Suisse Securities (USA) LLC and Wells Fargo Securities, LLC (or their
respective affiliates that are Primary Treasury Dealers), and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer in the United States (a “Primary Treasury
Dealer”), the Company will substitute therefor another Primary Treasury Dealer and (2) two other Primary Treasury Dealers selected by the Company. 

“Reference Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer and any Redemption Date and Securities
to be redeemed, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue for such Securities (expressed in each case as a percentage of its principal amount) quoted in writing to
the Independent Investment Banker 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 the rate per annum equal to the semi-annual equivalent yield to maturity of the applicable Comparable Treasury
Issue, assuming a price for such Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the applicable Comparable Treasury Price for the applicable Redemption Date. 

In connection with any such redemption, each Reference Treasury Dealer shall deliver the Comparable Treasury Price to the Company and the
Independent Investment Banker in writing two Business Days prior to the Redemption Date. At or prior to the time of giving of any notice of redemption to the Holders of any Securities to be redeemed, the Company shall deliver an Officer’s
Certificate to the Trustee setting forth the calculation of the Redemption Price or the manner in which the Redemption Price shall be calculated, as relevant, applicable to such 

  
 A-5 

 redemption. The Trustee shall be under no duty to inquire into, may conclusively presume the correctness of, and
shall be fully protected in relying upon, the Redemption Price as so calculated or the manner in which the Redemption Price shall be calculated, as relevant, and set forth in such Officer’s Certificate. 

The Indenture contains certain restrictive covenants and Events of Default with respect to this Security, in each case upon compliance with
certain conditions set forth in the Indenture. 
 If an Event of Default with respect to Securities of this series shall occur and be
continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Securities of each series affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of all series at the time
Outstanding affected thereby (voting as one class). The Indenture contains provisions permitting the Holders of not less than a majority in principal amount of the Outstanding Securities of all series, with respect to which any default under the
Indenture shall have occurred and be continuing (voting as one class), on behalf of the Holders of all the Outstanding Securities of such series, to waive, with certain exceptions, such past default with respect to such series and its consequences.
The Indenture also permits the Holders of not less than a majority in principal amount of the Outstanding Securities of any series, on behalf of the Holders of all Outstanding Securities of such series, to waive compliance by the Company with
certain provisions of the Indenture. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer
hereof or in exchange therefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 
 As
provided in and subject to the provisions of the Indenture, the Holder of this Security 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 Securities of this series, the Holders of not less than a majority in principal amount of the Securities of
this series at the time Outstanding 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 not have received from the
Holders of a majority in principal amount of Securities of this series at the time Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and
offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein.

 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 

  
 A-6 

 As provided in the Indenture and subject to certain limitations therein set forth, the transfer
of this Security is registerable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Security are
payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more
new Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Securities of this series are issuable only in registered form without coupons in denominations of $2,000 and integral multiples of $1,000
in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different
authorized denomination, as requested in writing by the Holder surrendering the same. 
 No service charge shall be made for any such
registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee
may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 

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

No recourse for the payment of the principal of or any premium or interest on any Security, or for any claim based thereon or otherwise in
respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company in the Indenture or in any supplemental indenture, or in this Security, or because of the creation of any indebtedness represented hereby, shall be
had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or any successor corporation, either directly or through the Company or any successor corporation, whether by virtue of any
constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability was expressly waived and released as a condition of, and as consideration for, the execution
of the Indenture and is a condition of, and is consideration for, the execution of this Security. 

  
 A-7 

 ASSIGNMENT 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 

 
  

(Please insert social security or other identifying number of assignee) 

 
  
  

 
  

 
 (Please print or
typewrite name and address including postal zip code of assignee) 
 the within Security and all rights thereunder, hereby irrevocably constituting and
appointing 
  
  

Attorney to transfer said Securities on the books of the Company with full power of substitution in the premises. 

 

			
	Date:                               
         	 	 

			
	
		
	By:	 	 
		 	 Name
 Title

  
 A-8 

 [FOR GLOBAL SECURITY: 

SCHEDULE OF EXCHANGES OF INTERESTS IN
THE GLOBAL SECURITY 
 The following exchanges of a part of this Global Security for an interest in another
Global Security or for a Security in definitive form, or exchanges of a part of another Global Security or a Security in Definitive Form for an interest in this Global Security, have been made: 

 

									
	 Date of

Exchange
	 	 Amount of

decrease in

Principal
 Amount
[at
 maturity] of this

Global Security
	 	 Amount of

increase in

Principal
 Amount
[at
 maturity] of this

Global Security
	  	 Principal

Amount [at
 maturity] of
this
 Global Security

following such
 decrease
(or
 increase)
	  	 Signature of

authorized
 signatory
of
 Trustee or

Custodian]

	  
	 	  
	 	  
	  	  
	  	  

  
 A-9sn_Exhibit 1029_RBC

		

			Exhibit 10.29

		

		
			ROYAL BANK OF CANADA
		

		
			Agency Services Group
4th Floor, 20 King Street West
Toronto, Ontario M5H 1C4
		

		
			Canada
		

		
			 
		

		
			December 9, 2016
		

		
			 
		

		
			Sanchez Energy Corporation
		

		
			1000 Main Street
		

		
			Suite 3000
		

		
			Houston, TX 77002
		

		
			 
		

			
					
						Re:

					
					
						Fall 2016 Borrowing Base Redetermination

				

		
			
		

		
			Ladies and Gentlemen:
		

		
			 
		

		
			Reference is made to the Second Amended and Restated Credit Agreement dated as of June 30, 2014 among Sanchez Energy Corporation, as borrower, Royal Bank of Canada, as administrative agent, and others, as amended from time to time (the “Agreement”; capitalized terms used and not defined in this letter have the meanings specified in the Agreement).
		

		
			 
		

		
			In connection with the Fall 2016 redetermination of the Borrowing Base, this will confirm that the Administrative Agent and Required Lenders have agreed to maintain the $350,000,000 Borrowing Base in effect prior to the current redetermination; provided,  however, the Borrowing Base will be automatically reduced to $300,000,000 (a) if the Administrative Agent shall so notify the Borrower on February 1, 2017 or (b) without further action by, or notice to, any Lender or Loan Party if the Borrower takes any action to increase the existing $300,000,000 Aggregate Elected Commitment Amount prior to the Spring 2017 Borrowing Base redetermination becoming effective.
		

		
			 
		

		
			Please indicate your acceptance of the terms of this letter by signing in the space provided below.
		

		
			 
		

		
			Very truly yours,
		

		
			ROYAL BANK OF CANADA,
		

		
			as Administrative Agent
		

		
			 
		

		
			 
		

		
			By: /s/ Susan Khokher
		

		
			Name: Susan Khokher
		

		
			Title: Manager, Agency
		

		
			
		

		
			

		 

 

		

		
			 
		

		
			AGREED AND ACCEPTED:
		

		
			SANCHEZ ENERGY CORPORATION, 
		

		
			on behalf of itself and each other Loan Party
		

		
			 
		

		
			 
		

		
			By:/s/ Antonio R. Sanchez, III
		

		
			Name: Antonio R. Sanchez, III
		

		
			Title: Chief Executive Officer
		

		
			 
		

		 

		

			2

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