Document:

klx_Ex4_1_1

		
			EXHIBIT 4.1.1
		

		
			 
		

		
			EXECUTION VERSION
		

		
			 
		

		
			FIRST SUPPLEMENTAL INDENTURE
		

		
			 
		

		
			This First Supplemental Indenture is entered into as of December 16,  2014 (this “Supplemental Indenture”), by and among KLX Energy Holdings LLC, a Delaware limited liability company (“Energy Holdings”), KLX Energy Services LLC, a Delaware limited liability company (“Energy Services” and,  together with Energy Holdings,  the “Guarantors”). KLX Inc., a Delaware corporation (the “Company”), and Wilmington Trust,  National Association, a national banking association, as trustee (in such capacity, the “Trustee”), under the Indenture referred to below.
		

		
			 
		

		
			W  I T N E S S E T H:
		

		
			 
		

		
			WHEREAS,  the Company and the Trustee have heretofore executed and delivered an Indenture dated as of December 8, 2014 (as supplemented, waived or otherwise modified, the “Indenture”), providing for (i) the issuance of $1,200,000,000 in aggregate principal amount of 5.875% Senior Notes due 2022 issued on the Issue Date (the “Initial Notes”) and (ii) any additional 5.875% Senior Notes due 2022 of the Company (the “Additional Notes,” and together with the Initial Notes, the “Notes”) that may be issued from time to time on any date subsequent to the Issue Date, to be guaranteed by the Guarantors.
		

		
			 
		

		
			WHEREAS,  Energy Services is a wholly-owned subsidiary of Energy Holdings, and Energy Holdings is a wholly-owned subsidiary of the Company;
		

		
			 
		

		
			WHEREAS, the Indenture provides that under certain circumstances a Guarantor shall,  and the Company shall cause a Guarantor to, execute and deliver to the Trustee a supplemental indenture pursuant to which the Guarantor shall unconditionally guarantee all of the Company’s obligations under the Notes and the Indenture on  the terms and conditions set forth herein and under the Indenture (the “Note  Guarantee”); and
		

		
			 
		

		
			WHEREAS, the Company has instructed the Trustee to execute and deliver this Supplemental Indenture pursuant to the provisions of Article 8 of the Indenture,  and the Trustee is authorized to execute and deliver this Supplemental Indenture.
		

		
			 
		

		
			WHEREAS,  all things have been done to make this Supplemental Indenture a  legal, valid and binding agreement.
		

		
			 
		

		
			NOW, THEREFORE,  in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged,  the parties mutually covenant and agree for the equal and ratable benefit of the Holders  as follows:
		

		
			 
		

		
			ARTICLE I
		

		
			DEFINITIONS
		

		
			 
		

		
			Section 1.1 Defined Terms. As used in this Supplemental Indenture, terms defined in the Indenture or in the preamble or recital hereto are used herein as therein defined. The words “herein,” “hereof” and “hereby”  and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular section hereof.
		

		
			
		

		
			

		 

		

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			ARTICLE II
		

		
			REPRESENTATIONS; AGREEMENT TO BE BOUND; GUARANTEE
		

		
			 
		

		
			Section 2.1 Representations.  Each Guarantor represents and warrants to the Trustee as follows:
		

		
			 
		

		
			(i)   It is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.
		

		
			(ii)  The execution, delivery and performance by such Guarantor of this Supplemental Indenture have been authorized and approved by all necessary limited liability company action on its part and this Supplemental Indenture constitutes a valid and binding obligation enforceable against such Guarantor in accordance with its terms.
		

		
			 
		

		
			Section 2.2 Agreement to be Bound. The Guarantors hereby become a party to the Indenture as Guarantors and as such shall each have all of the rights and be subject to all of the obligations and agreements of a Guarantor under the Indenture. The Guarantors agree to be bound by all of the provisions of the Indenture applicable to Guarantors and to perform all of the obligations and agreements of Guarantors under the Indenture.
		

		
			 
		

		
			Section 2.3 Guarantee. Pursuant to the Note Guarantees, the Guarantors hereby fully and unconditionally guarantee, on an unsecured, senior, joint and several basis,  to each Holder and to the Trustee and its successors and assigns, the due and punctual full payment of principal of, premium, if any,  and interest on,  and all other Indenture Obligations,  in accordance with the terms of the Indenture.
		

		
			 
		

		
			ARTICLE III
		

		
			MISCELLANEOUS
		

		
			 
		

		
			Section 3.1 Notices. All notices and other communications to the Guarantors shall be given as provided in the Indenture to the Guarantors, at the address provided in the Indenture for notices to the Company.
		

		
			 
		

		
			Section 3.2 Parties. Nothing expressed or mentioned herein is intended or shall be construed to give any Person,  firm or corporation, other than the Holders and the Trustee, any legal or equitable right,  remedy or claim under or in respect of this Supplemental Indenture or the Indenture or any provision herein or therein contained.
		

		
			 
		

		
			Section 3.3 Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
		

		
			
		

		
			

		 

		

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			Section 3.4 Severability Clause. In case any provision in this Supplemental Indenture shall be invalid,  illegal or unenforceable, the validity,  legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and such provision shall be ineffective only to the extent of such invalidity,  illegality or unenforceability.
		

		
			 
		

		
			Section 3.5 Ratification of Indenture; Supplemental Indentures Part of Indenture.  Except as expressly amended hereby,  the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. Any reference in the Indenture to the Indenture,  “hereof” or other words of like import shall be to Indenture as so supplemented by this Supplemental Indenture. This Supplemental Indenture shall form a part of the Indenture for all purposes,  and every Holder heretofore or hereafter authenticated and delivered shall be bound hereby and entitled to the rights created hereunder. The Trustee makes no representation or warranty as to the validity or sufficiency of this Supplemental Indenture or with respect to the recitals contained herein,  all of which recitals are made solely by the other parties hereto.
		

		
			 
		

		
			Section 3.6  Counterparts. The parties hereto may sign one or more copies of this Supplemental Indenture in counterparts,  all of which together shall constitute one and the same agreement.
		

		
			 
		

		
			Section 3.7 Headings.  The headings of the Articles and the sections in this Supplemental Indenture are for convenience of reference only and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof.
		

		
			 
		

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

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						KLX Inc.

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Thomas P. McCaffrey

				
	
					
						 

					
					
						 

					
					
						Name: Thomas P. McCaffrey

				
	
					
						 

					
					
						 

					
					
						Title: President and Chief Operating Officer

				

		
			 
		

		
			
		

		
			

		 

		

			[Signature Page to Supplemental Indenture]

		

		

			 

		

 

		

		
			 
		

			
					
						 

					
					
						KLX Energy Services LLC, as a Guarantor

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Thomas P. McCaffrey

				
	
					
						 

					
					
						 

					
					
						Name: Thomas P.  McCaffrey

				
	
					
						 

					
					
						 

					
					
						Title: President

				

		
			 
		

		
			
		

		

		 

		

			[Signature Page to Supplemental Indenture]

		

		

			 

		

 

	
					
						

					
						 

					
					
						KLX Energy Holdings LLC, as a Guarantor

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Michael F. Senft

				
	
					
						 

					
					
						 

					
					
						Name: Michael F.  Senft

				
	
					
						 

					
					
						 

					
					
						Title:  President

				

		
			
		

		
			

		 

		

			[Signature Page to Supplemental Indenture]

		

		

			 

		

 

		

		
			 
		

			
					
						 

					
					
						Wilmington Trust, National Association, as Trustee

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Joshua C. Jones

				
	
					
						 

					
					
						 

					
					
						Name: Joshua C. Jones

				
	
					
						 

					
					
						 

					
					
						Title:  Assistant Vice President

				

		
			 
		

		 

		

			[Signature Page to Supplemental Indenture]klx_Ex10_2

		
			Exhibit 10.2
		

		
			 
		

		
			EXECUTION COPY
		

		
			 
		

		
			FIRST AMENDMENT TO
		

		
			TAX SHARING AND INDEMNIFICATION AGREEMENT
		

		
			BETWEEN B/E AEROSPACE, INC. AND KLX INC.
		

		
			 
		

		
			THIS FIRST AMENDMENT TO TAX SHARING AND INDEMNIFICATION AGREEMENT (this “Amendment”) is entered into as of October 23, 2016 by B/E Aerospace, Inc., a Delaware corporation (“B/E”), and KLX Inc., a Delaware corporation (“KLX”).
		

		
			 
		

		
			RECITALS
		

		
			 
		

		
			WHEREAS, B/E and KLX previously entered into that certain Tax Sharing and Indemnification Agreement, dated as of December 15, 2014 (the “Tax Sharing Agreement”). Capitalized terms used but not defined herein have the meanings given to them in the Tax Sharing Agreement;
		

		
			 
		

		
			WHEREAS, pursuant to an Agreement and Plan of Merger to be entered into among Rockwell Collins, Inc., a Delaware corporation (“Rockwell”), Quarterback Merger Sub Corp., a Delaware corporation (“Merger Sub”), and B/E (the “Rockwell Merger Agreement”), Rockwell will directly or indirectly acquire all of the outstanding shares of B/E Common Stock in exchange for consideration consisting of Rockwell common stock and cash (the “Merger”), subject to the satisfaction of certain closing conditions as described in the Rockwell Merger Agreement;
		

		
			 
		

		
			WHEREAS, the execution of the Rockwell Merger Agreement would be a Proposed Acquisition Transaction that is subject to Section 7.3(c) of the Tax Sharing Agreement;
		

		
			 
		

		
			WHEREAS, pursuant to Section 7.3(c) of the Tax Sharing Agreement, until December 16, 2016, B/E shall not enter into a Proposed Acquisition Transaction unless, in accordance with Section 7.3(c), (i) B/E obtains a Ruling, (ii) B/E provides KLX with an Unqualified Supplemental Tax Opinion, or (iii) KLX waives the requirement to obtain such Ruling or Unqualified Supplemental Tax Opinion.
		

		
			 
		

		
			WHEREAS, B/E and KLX now desire to amend the Tax Sharing Agreement as provided herein; 
		

		
			 
		

		
			NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of which are hereby acknowledged, B/E and KLX hereby agree as follows:
		

		
			 
		

		
			1.     Defined Terms. Section 1 of the Tax Sharing Agreement is hereby amended to add the following new defined terms:
		

		
			 
		

		
			“B/E Rockwell Merger” means the direct or indirect acquisition by Rockwell of all of the outstanding shares of B/E Common Stock in accordance with the Rockwell Merger Agreement, at the Closing (as defined in the Rockwell Merger Agreement).
		

		
			
		

		
			

		 

 

		

		
			“Qualified Supplemental Tax Opinion” means a written opinion, no less favorable than a “qualified will” level opinion of Shearman & Sterling LLP, as counsel to B/E, on which KLX can rely that is dated on or shortly prior to the date of execution of the Rockwell Merger Agreement, to the effect that, on the basis of the facts, representations, assumptions, qualifications and exclusions set forth or referred to in such opinion, the B/E Rockwell Merger will not cause the External Spin-Off to fail to qualify for the Tax-Free Status. Any such opinion shall assume that the Contribution, the Debt Repayment and the Distribution would have qualified for the Tax-Free Status if the B/E Rockwell Merger did not occur and may assume the accuracy of and rely upon certificates delivered to Shearman & Sterling LLP prior to and in connection with the delivery of such opinion.
		

		
			 
		

		
			“KLX Supplemental Closing Representation Letter” shall mean the representation letter executed by KLX substantially in the form of Exhibit C, with such changes, updates or refinements as requested by Shearman & Sterling LLP and as may be necessary to reflect any changes in, or clarifications of, facts prior to the closing of the B/E Rockwell Merger, and dated as of the date of the closing of the B/E Rockwell Merger.
		

		
			 
		

		
			“KLX Supplemental Signing Representation Letter” shall mean the representation letter executed by KLX substantially in the form of Exhibit B, and dated on or about the date of the Rockwell Merger Agreement.
		

		
			 
		

		
			“Rockwell” means Rockwell Collins, Inc., a Delaware corporation.
		

		
			 
		

		
			“Rockwell Merger Agreement” means the Agreement and Plan of Merger to be entered into among Rockwell, Quarterback Merger Sub Corp., a Delaware corporation, and B/E, whereby Rockwell will directly or indirectly acquire all of the outstanding shares of B/E Common Stock pursuant to the B/E Rockwell Merger, subject to the satisfaction of certain closing conditions.
		

		
			 
		

		
			2.     Restrictions on B/E. The following amendments are made to the Tax Sharing Agreement in Section 7.3(c):
		

		
			 
		

		
			(a)     Adding after the phrase “unless prior to taking any such action” the phrase “or, solely with respect to actions relating to the B/E Rockwell Merger, prior to the entry into the Rockwell Merger Agreement”;
		

		
			 
		

		
			(b)     Striking “or” in the second to last line thereof and replacing it with a “,”;
		

		
			 
		

		
			(c)     Striking the period in the last line thereof, and adding” or (D) solely with respect to the B/E Rockwell Merger, B/E shall provide KLX with a Qualified Supplemental Tax Opinion in form and substance reasonably satisfactory to KLX in its discretion (exercised in good faith solely to preserve the Tax-Free Status) prior to B/E's entry into the Rockwell Merger Agreement.”
		

		
			
		

		
			

		 

		

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			3.     Further Restrictions on B/E. The following is added to the Tax Sharing Agreement as a new Section 7.3(e):
		

		
			 
		

		
			(e)  If KLX shall have delivered to Shearman & Sterling LLP prior to the closing of the B/E Rockwell Merger the KLX Supplemental Closing Representation Letter, dated as of the date of the closing of the B/E Rockwell Merger, B/E shall promptly provide to KLX a copy of the tax opinion (which, for the avoidance of doubt may be at a should level), if any, that B/E receives from Shearman & Sterling LLP at or about the closing of the B/E Rockwell Merger, on which KLX shall be permitted to rely in accordance with a reliance letter addressed to KLX by Shearman & Sterling LLP; provided,  however, that KLX expressly acknowledges and agrees that B/E may not receive an opinion from Shearman & Sterling LLP at or about the closing of the B/E Rockwell Merger, and the failure of B/E to receive such an opinion shall have no effect on Section 7.3(c) or this Section 7.3(e) or otherwise provide KLX with any additional rights pursuant to this Agreement.
		

		
			 
		

		
			4.     KLX Supplemental Representati.on Letters. KLX has delivered the KLX Supplemental Signing Representation Letter to Shearman & Sterling LLP prior to the execution of the Rockwell Merger Agreement and shall use reasonable best efforts to deliver to Shearman & Sterling LLP the KLX Supplemental Closing Representation Letter, dated as of the date of the closing of the B/E Rockwell Merger, prior to the closing of the B/E Rockwell Merger.
		

		
			 
		

		
			5.     Exhibit B. The Tax Sharing Agreement is hereby amended to add Exhibit A of this Amendment as Exhibit B of the Tax Sharing Agreement.
		

		
			 
		

		
			6.     Exhibit C. The Tax Sharing Agreement is hereby amended to add Exhibit B of this Amendment as Exhibit C of the Tax Sharing Agreement.
		

		
			 
		

		
			7.     Satisfactory Opinion. KLX hereby acknowledges that it has received a tax opinion of Shearman & Sterling LLP that is substantially the same as the form of opinion in Exhibit C of this Amendment and the opinion KLX received is a Qualified Supplemental Tax Opinion in form and substance reasonably satisfactory to KLX in its discretion.
		

		
			 
		

		
			8.     Reaffirmation. Except as amended hereby, the terms, provisions, conditions, covenants and agreements set forth in the Tax Sharing Agreement, which are incorporated herein by this reference, are hereby affirmed and, both before and after the Merger, shall remain in full force and effect and be binding upon the parties thereto. For the avoidance of doubt, (i) notwithstanding anything to the contrary contained in Section 7.3(e) of the Tax Sharing Agreement, as and to the extent provided by Section 7.S(b) of the Tax Sharing Agreement, B/E shall be responsible for, and shall indemnify and hold harmless KLX and its Affiliates and each of their respective officers, directors and employees from and against, Tax-Related Losses that are attributable to, or result from, the Merger, and (ii) B/E and KLX agree that, notwithstanding anything to the contrary in the Tax Sharing Agreement, the provisions in Sections 7.2(c) and 7.3(c) of the Tax Sharing Agreement shall expire and be of no further force and effect with respect to actions that occur following December 16, 2016. In addition, under Section 7.4(b) of the Tax Sharing Agreement, B/E will reimburse KLX for all reasonable out-of-pocket costs incurred by the KLX Group in connection with the preparation of this Amendment.
		

		
			 
		

		
			
		

		
			

		 

		

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			9.     General Provisions. Section 17 of the Tax Sharing Agreement shall apply mutatis mutandis to this Amendment, except that for purposes of Section 17.1 notices shall be delivered to the following addresses,
		

		
			 
		

		
			(a)  if to B/E:
		

		
			 
		

		
			1400 Corporate Center Way
		

		
			Wellington, FL 33414
		

		
			Facsimile: (561) 791-3966
		

		
			Attention: General Counsel
		

		
			Email: ryan_patch@beaerospace.com
		

		
			 
		

		
			with a copy to:
		

		
			 
		

		
			Shearman & Sterling LLP
		

		
			599 Lexington Avenue
		

		
			New York, NY 10022-6069
		

		
			Telecopy: (212) 848-7179
		

		
			Attention: Creighton 0. Condon, Esq.
		

		
			Robert M. Katz, Esq.
		

		
			Email: ccondon@shearman.com
		

		
			 
		

		
			(b)  if to KLX:
		

		
			 
		

		
			KLX, Inc.
		

		
			1400 Corporate Center Way
		

		
			Wellington, FL 33414
		

		
			General Counsel
		

		
			Email: Roger.Franks@KLX.com
		

		
			 
		

		
			with a copy to:
		

		
			 
		

		
			Freshfields Brockhaus Deringer US LLP
		

		
			601 Lexington Avenue
		

		
			New York,NY 10022-6069
		

		
			Facsimile (646) 521-5726
		

		
			Attention: Valerie Ford Jacob
		

		
			Email: Valerie.Jacob@freshfields.com
		

		
			 
		

		
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			IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first set forth above.
		

		
			 
		

			
					
						B/E AEROSPACE, INC., a Delaware corporation

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ James L. Bomar

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Name:

					
					
						James L. Bomar

					
					
						 

				
	
					
						Title:

					
					
						Vice President of Rax

					
					
						 

				
	
					
						 

					
					
						B/E Aerospace, Inc.

					
					
						 

				

		
			 
		

		
			[Signatures Continue on Following Page]
		

		
			
		

		
			

		 

		

			[Signature Page to First Amendment to Tax Sharing

		

		

			and Identification Agreement Between B/E Aerospace, Inc. and KLX Inc.]

		

 

		

		
			 
		

			
					
						KLX Inc., a Delaware corporation

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Thomas P. McCaffrey

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Name:

					
					
						Thomas P. McCaffrey

					
					
						 

				
	
					
						Title:

					
					
						President and Chief Operating Officer

					
					
						 

				
	
					
						 

					
					
						KLX Inc.

					
					
						 

				

		
			 
		

		 

		

			[Signature Page to First Amendment to Tax Sharing

		

		

			and Identification Agreement Between B/E Aerospace, Inc. and KLX Inc.]

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