Document:

Second Supplemental Indenture

 EXHIBIT 4.2 
  

SECOND SUPPLEMENTAL INDENTURE 
  
 This Second Supplemental Indenture, dated as of June 30, 2004 (this “Supplemental Indenture” or
“Guarantee”), among the entities listed on Annex I hereto (collectively, the “New Subsidiary Guarantors”), Plains Exploration & Production Company, a Delaware corporation (together with its
successors and assigns, the “Company”) and Plains E&P Company, a Delaware corporation (together with the Company, the “Issuers”), each other then existing Subsidiary Guarantor under the Indenture
referred to below, and JPMorgan Chase Bank, a New York banking corporation, as Trustee (the “Trustee”) under the Indenture referred to below. 
  
 W I T N E S S E T H: 
  
 WHEREAS, the Company, the Subsidiary Guarantors and the Trustee have heretofore executed and delivered an Amended and Restated Indenture, dated as of June
18, 2004 (as amended, supplemented, waived or otherwise modified through the date hereof, the “Indenture”), providing for the issuance of 8 3/4% Senior Subordinated Notes due 2012 of the Issuers (the
“Securities”); 
  
 WHEREAS, Section
3.12 of the Indenture provides that the Company is required to cause each Restricted Subsidiary other than the Congo Domestic Subsidiaries or a Foreign Subsidiary created or acquired by the Company execute and deliver to the Trustee a Subsidiary
Guarantee pursuant to which such Subsidiary Guarantor will unconditionally Guarantee, on a joint and several basis with the other Subsidiary Guarantors, the full and prompt payment of the principal of, premium, if any, and interest on the Securities
on a senior subordinated basis; and 
  
 WHEREAS, pursuant to
Section 9.1 of the Indenture, the Trustee and the Issuers are authorized to execute and deliver this Supplemental Indenture to amend the Indenture, without the consent of any Securityholder. 
  
 NOW, THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the New Subsidiary Guarantors, the Issuers, the other Subsidiary Guarantors and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the
Securities as follows: 
  
 ARTICLE I 
  
 Definitions 
  
 SECTION 1.1 Defined Terms. As used in this Guarantee, terms defined in
the Indenture or in the preamble or recital hereto are used herein as therein defined, except that the term “Holders” in this Guarantee shall refer to the term “Securityholders” as defined in the
Indenture and the Trustee acting on behalf or for the benefit of such Holders. 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. 
  
 ARTICLE II 
  
 Agreement to be Bound; Guarantee 
  
 SECTION 2.1 Agreement to be Bound. Each New Subsidiary Guarantor hereby becomes a party to the Indenture, as a
Subsidiary Guarantor and as such will have all of the rights and be subject to all of the obligations and agreements of a Subsidiary Guarantor under the Indenture. Each New Subsidiary Guarantor agrees to be bound by all of the provisions of the
Indenture applicable to a Subsidiary Guarantor and to perform all of the obligations and agreements of a Subsidiary Guarantor under the Indenture. 
  
 SECTION 2.2 Guarantee. Each New Subsidiary Guarantor hereby fully, unconditionally and irrevocably guarantees, as primary obligor and not merely as
surety, jointly and severally with each other Subsidiary Guarantor, to each Holder of the Securities and the Trustee, the full and punctual payment when due, whether at maturity, by acceleration, by redemption or otherwise, of the Obligations
pursuant to Article X of the Indenture on a senior subordinated basis. 
  
 ARTICLE III 
  
 Miscellaneous 
  
 SECTION 3.1 Notices. All
notices and other communications to the New Subsidiary Guarantor shall be given as provided in the Indenture to each New Subsidiary Guarantor at the following address, with a copy to the Issuers as provided in the Indenture for notices to the
Issuers: c/o Plains Exploration & Production Company, 700 Milam, Suite 3100, Houston, Texas 77002. 
  
 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. 
  
 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. 
  

 2 

 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. This Supplemental Indenture shall form a part of the Indenture for all
purposes, and every Holder of Securities heretofore or hereafter authenticated and delivered shall be bound hereby. The Trustee makes no representation or warranty as to the validity or sufficiency of this Supplemental Indenture. 
  
 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 Guarantee are for convenience of reference only and shall not be deemed
to alter or affect the meaning or interpretation of any provisions hereof. 
  
 [SIGNATURE PAGE FOLLOWS] 
  

 3 

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

			
	NUEVO ENERGY COMPANY, as a Subsidiary Guarantor
		
	By:	 	/s/    STEPHEN A.
THORINGTON        
	 Name:
	 	Stephen A. Thorington
	 Title:
	 	Executive Vice President and Chief Financial Officer
	
	NUEVO GHANA INC., as a Subsidiary Guarantor
		
	By:	 	/s/    STEPHEN A.
THORINGTON        
	 Name:
	 	Stephen A. Thorington
	 Title:
	 	Executive Vice President and Chief Financial Officer
	
	NUEVO INTERNATIONAL INC., as a Subsidiary Guarantor
		
	By:	 	/s/    STEPHEN A.
THORINGTON        
	 Name:
	 	Stephen A. Thorington
	 Title:
	 	Executive Vice President and Chief Financial Officer
	
	NUEVO OFFSHORE COMPANY, as a Subsidiary Guarantor
		
	By:	 	/s/    STEPHEN A.
THORINGTON        
	 Name:
	 	Stephen A. Thorington
	 Title:
	 	Executive Vice President and Chief Financial Officer
	
	NUEVO PERMIAN INC., as a Subsidiary Guarantor
		
	By:	 	/s/    STEPHEN A.
THORINGTON        
	 Name:
	 	Stephen A. Thorington
	 Title:
	 	Executive Vice President and Chief Financial Officer

  
 Second
Supplemental Indenture Signature Page 
  

			
	NUEVO PERMIAN LIMITED PARTNERSHIP, as a Subsidiary Guarantor
		
	By:	 	NUEVO PERMIAN INC., in its capacity as general partner of Nuevo Permian Limited Partnership
		
	By:	 	/s/    STEPHEN A.
THORINGTON        
	 Name:
	 	Stephen A. Thorington
	 Title:
	 	Executive Vice President and Chief Financial Officer
	
	NUEVO RESOURCES INC., as a Subsidiary Guarantor
		
	By:	 	/s/    STEPHEN A.
THORINGTON        
	 Name:
	 	Stephen A. Thorington
	 Title:
	 	Executive Vice President and Chief Financial Officer
	
	NUEVO TEXAS INC., as a Subsidiary Guarantor
		
	By:	 	/s/    STEPHEN A.
THORINGTON        
	 Name:
	 	Stephen A. Thorington
	 Title:
	 	Executive Vice President and Chief Financial Officer
	
	 PACIFIC INTERSTATE OFFSHORE
 COMPANY, as a
Subsidiary Guarantor

		
	By:	 	/s/    STEPHEN A.
THORINGTON        
	 Name:
	 	Stephen A. Thorington
	 Title:
	 	Executive Vice President and Chief Financial Officer

  
 Second
Supplemental Indenture Signature Page 
  

			
	JPMORGAN CHASE BANK, as Trustee
		
	By:	 	/s/    REBECCA A. NEWMAN        
	 Name:
	 	Rebecca A. Newman
	 Title:
	 	Vice President
	
	PLAINS EXPLORATION & PRODUCTION COMPANY
		
	By:	 	/s/    STEPHEN A.
THORINGTON        
	 Name:
	 	Stephen A. Thorington
	 Title:
	 	Executive Vice President and Chief Financial Officer
	
	PLAINS E&P COMPANY
		
	By:	 	/s/    STEPHEN A.
THORINGTON        
	 Name:
	 	Stephen A. Thorington
	 Title:
	 	Executive Vice President and Chief Financial Officer
	
	ARGUELLO INC., as a Subsidiary Guarantor
		
	By:	 	/s/    STEPHEN A.
THORINGTON        
	 Name:
	 	Stephen A. Thorington
	 Title:
	 	Executive Vice President and Chief Financial Officer

  
 Second
Supplemental Indenture Signature Page 
  

			
	 PLAINS RESOURCES INTERNATIONAL INC.,
 as a
Subsidiary Guarantor

		
	By:	 	/s/    STEPHEN A.
THORINGTON        
	 Name:
	 	Stephen A. Thorington
	 Title:
	 	Executive Vice President and Chief Financial Officer
	
	PMCT INC., as a Subsidiary Guarantor
		
	By:	 	/s/    STEPHEN A.
THORINGTON        
	 Name:
	 	Stephen A. Thorington
	 Title:
	 	Executive Vice President and Chief Financial Officer
	
	 PXP GULF COAST INC., as a Subsidiary
 Guarantor

		
	By:	 	/s/    STEPHEN A.
THORINGTON        
	 Name:
	 	Stephen A. Thorington
	 Title:
	 	Executive Vice President and Chief Financial Officer

  
 Second
Supplemental Indenture Signature Page 
  

 Annex I 
  
 Nuevo Energy Company, a Delaware corporation 
 Nuevo Ghana Inc., a Delaware corporation 
 Nuevo International Inc., a Delaware corporation 
 Nuevo Offshore Company, a Delaware corporation 
 Nuevo Permian Inc., a
Delaware corporation 
 Nuevo Permian Limited Partnership, a Texas limited partnership 
 Nuevo Resources Inc., a Delaware corporation 
 Nuevo Texas Inc., a Delaware corporation 
 Pacific Interstate Offshore Company, a California corporationFirst Amendment to Credit Agreement

 EXHIBIT 10.1 
  
 FIRST AMENDMENT 
  
 TO 
  
 CREDIT AGREEMENT 
  
 Dated as of August 8, 2003 
  
 AMONG 
  
 PLAINS EXPLORATION & PRODUCTION
COMPANY, 
  
 AS BORROWER,

  
 THE GUARANTORS, 
  
 JPMORGAN CHASE BANK, 
  
 AS ADMINISTRATIVE AGENT,

  
 AND 
  
 THE LENDERS PARTY HERETO 
  

 FIRST AMENDMENT TO CREDIT AGREEMENT 
  
 THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “First Amendment”) dated as of August 8, 2003,
to be effective as of April 4, 2003, is among PLAINS EXPLORATION & PRODUCTION COMPANY, a Delaware corporation (the “Borrower”); each of the undersigned guarantors (the “Guarantors”, and together with the
Borrower, the “Obligors”); each of the lenders that is a signatory hereto (collectively, the “Lenders”); and JPMORGAN CHASE BANK, as administrative agent for the Lenders (in such capacity, together with its
successors in such capacity, the “Administrative Agent”). 
  
 R E C I T A L S 
  
 A. The Borrower, the Agents and the Lenders are parties to that certain Credit Agreement dated as of April 4, 2003 (the “Credit Agreement”), pursuant to which the Lenders have made certain credit available to and on behalf
of the Borrower. 
  
 B. The Borrower has requested and the Lenders
have agreed to amend certain provisions of the Credit Agreement. 
  
 C. NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

  
 Section 1. Defined Terms. Each capitalized term which
is defined in the Credit Agreement, but which is not defined in this First Amendment, shall have the meaning ascribed such term in the Credit Agreement. Unless otherwise indicated, all section references in this First Amendment refer to the Credit
Agreement. 
  
 Section 2. Amendments to Credit Agreement.

  
 2.1 Amendments to Section 1.02. 
  
 (a) The definition of “Agreement” is hereby
amended to read as follows: 
  
 “Agreement” means this Credit Agreement, as amended by the First Amendment, and as the same may from time to time be amended, modified, supplemented or restated. 
  
 (b) The definition of “First Amendment” is
hereby added where alphabetically appropriate to read as follows: 
  
 “First Amendment” means that certain First Amendment to Credit Agreement dated as of August 8, 2003, to be effective as of April 4, 2003, among the Borrower, the Guarantors and the Lenders.

  

 1 

 2.2 Amendment to Section 8.01(k). Section 8.01(k) is hereby amended in its entirety to read as
follows: 
  
 “(k) List of Purchasers.
Concurrently with the delivery of any Reserve Report to the Administrative Agent pursuant to Section 8.12, a list of Persons purchasing Hydrocarbons from the Borrower and its Restricted Subsidiaries constituting at least 75% of the total revenues
from such purchases for the six-month period ending on the date of such Reserve Report (such list to include and specify in descending order the largest purchasers of Hydrocarbons for such period based on the percentage of total revenues that each
such purchaser represents); and during the continuance of a Default, promptly upon the request therefor by the Administrative Agent or any Lender, a list of all Persons purchasing Hydrocarbons from the Borrower and its Restricted Subsidiaries for
the six-month period ending on the date of such request.” 
  
 2.3 Amendment to Section 9.08. Section 9.08 is hereby amended in its entirety to read as follows: 
  
 “Section 9.08. Limitation on Leases. Neither the Borrower nor any Restricted Subsidiary will create, incur, assume or
suffer to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal but excluding Capital Leases and leases of Hydrocarbon Interests), under leases or lease agreements which would cause the aggregate
amount of all payments made by the Borrower and the Restricted Subsidiaries pursuant to all such leases or lease agreements, including, without limitation, any residual payments at the end of any lease, to exceed $7,500,000 in any period of twelve
consecutive calendar months during the life of such leases.” 
  
 Section 3. Conditions Precedent. The effectiveness of this First Amendment is subject to the receipt by the Administrative Agent of the following documents and satisfaction of the other conditions specified in this Section 3:

  
 3.1 Counterparts of First Amendment. The Administrative
Agent shall have received from the Majority Lenders, the Borrower and each Guarantor, counterparts (in such number as may be requested by the Administrative Agent) of this First Amendment signed on behalf of such Person. 
  
 3.2 No Default. No Default shall have occurred and be continuing as of
the date hereof, after giving effect to the terms of this First Amendment. 
  
 Section 4. Waiver. The Borrower has requested that the Administrative Agent and the Lenders waive, and the Administrative Agent and the Lenders do hereby waive, any Default or Event of Default that may have
been caused by any breach of Section 8.01(k) or Section 9.08 of the Credit Agreement prior to the date hereof. Except as expressly waived herein, all covenants, obligations and agreements of the Borrower contained in the Credit Agreement, as amended
by the First Amendment, shall remain in full force and effect in accordance with their terms. Without limitation of the foregoing, the foregoing waiver is hereby granted to the extent and only to the extent specifically stated herein and for no
other purpose or period and shall not be deemed to (a) be a consent or agreement to, or waiver or modification of, any other term or condition of the Credit Agreement, any other Loan Document or any of the documents referred to therein, or (b)
except as expressly set forth herein, prejudice any right or rights which the Agents or the Lenders may now have or may have in the future under or in connection with the Credit Agreement, any other Loan Document or any of the documents referred to
therein. 

  

 2 

 
Granting the waiver set forth herein does not and should not be construed to be an assurance or promise that waivers will be granted in the future, whether
for the matters herein stated or on other unrelated matters. 
  
 Section 5. Miscellaneous. 
  
 5.1
Confirmation. The provisions of the Credit Agreement, as modified by this First Amendment, shall remain in full force and effect following the effectiveness of this First Amendment. 
  
 5.2 Ratification and Affirmation; Representations and Warranties. Each
Obligor hereby (a) acknowledges the terms of this First Amendment; (b) ratifies and affirms its obligations under, and acknowledges, renews and extends its continued liability under, each Loan Document to which it is a party and agrees that each
Loan Document to which it is a party remains in full force and effect, except as expressly modified hereby, notwithstanding the modifications contained herein; and (c) represents and warrants to the Lenders that as of the date hereof, after giving
effect to the terms of this First Amendment: (i) all of the representations and warranties contained in each Loan Document to which it is a party are true and correct, except to the extent any such representations and warranties are expressly
limited to an earlier date, in which case, such representations and warranties shall continue to be true and correct as of such specified earlier date, (ii) no Default has occurred and is continuing, and (iii) no Material Adverse Effect has occurred
since April 4, 2003. 
  
 5.3 Loan Document. This First
Amendment is a “Loan Document” as defined and described in the Credit Agreement and all of the terms and provisions of the Credit Agreement relating to Loan Documents shall apply hereto. 
  
 5.4 Counterparts. This First Amendment may be executed by one or more
of the parties hereto in any number of separate counterparts, and all of such counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of this First Amendment by facsimile transmission shall be effective as
delivery of a manually executed counterpart hereof. 
  
 5.5 No
Oral Agreement. This First Amendment, the Credit Agreement and the other Loan Documents executed in connection herewith and therewith represent the final agreement between the parties and may not be contradicted by evidence of prior,
contemporaneous, or unwritten oral agreements of the parties. There are no subsequent oral agreements between the parties. 
  
 5.6 GOVERNING LAW. THIS FIRST AMENDMENT (INCLUDING, BUT NOT LIMITED TO, THE VALIDITY AND ENFORCEABILITY HEREOF) SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
  
 [SIGNATURES BEGIN NEXT PAGE] 
  

 3 

 IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be duly executed as of the
date first written above, to be effective as of April 4, 2003. 
  

									
	 BORROWER:
	 	 	 	 PLAINS EXPLORATION & PRODUCTION
 COMPANY

					
	 	 	 	 	 	 	 By:
	 	/s/    STEPHEN A.
THORINGTON        
	 	 	 	 	 	 	 	 	Stephen A. Thorington
	 	 	 	 	 	 	 	 	 Executive Vice President and
 Chief Financial Officer

  

 S-1 

									
	 GUARANTORS:
	 	 	 	 PLAINS ILLINOIS, INC.
 ARGUELLO INC.
 PLAINS E&P COMPANY
 PMCT INC.
 PLAINS RESOURCES
 INTERNATIONAL INC.

					
	 	 	 	 	 	 	 By:
	 	/s/    STEPHEN A.
THORINGTON        
	 	 	 	 	 	 	 	 	Stephen A. Thorington
	 	 	 	 	 	 	 	 	Vice President and Treasurer
			
	 	 	 	 	 PXP GULF COAST INC.

					
	 	 	 	 	 	 	 By:
	 	/s/    STEPHEN A. THORINGTON
	 	 	 	 	 	 	 	 	Stephen A. Thorington
	 	 	 	 	 	 	 	 	 Executive Vice President and
 Chief Financial Officer

  

 S-2 

									
	 ADMINISTRATIVE AGENT:
	 	 	 	JPMORGAN CHASE BANK, as a Lender and as Administrative Agent
					
	 	 	 	 	 	 	 By:
	 	/s/    ROBERT C.
MERTENSOTTO        
	 	 	 	 	 	 	 	 	Robert C. Mertensotto
	 	 	 	 	 	 	 	 	Managing Director

  

 S-3 

			
	 BANK ONE, NA (MAIN OFFICE CHICAGO)
 as a Lender and as a Co-Syndication Agent

		
	 By:
	 	/s/    CHARLES
KINGSWELL-SMITH        
	 	 	Charles Kingswell-Smith
	 	 	Director

  

 S-4 

			
	 BMO NESBITT BURNS FINANCING, INC.,
 as a Lender and as a Co-Syndication Agent

		
	 By:
	 	/s/    JAMES B. WHITMORE        
	 	 	James B. Whitmore
	 	 	Managing Director

  

 S-5 

			
	 BNP PARIBAS, as a Lender and as a Co-Documentation Agent

		
	By:	 	/s/    BETSY JOCHER        
	 	 	Betsy Jocher
	 	 	Vice President
		
	By:	 	/s/    POLLY SCHOTT        
	 	 	Polly Schott
	 	 	Vice President

  

 S-6 

			
	 THE BANK OF NOVA SCOTIA, as a Lender and
 as a Co-Documentation Agent

		
	 By:
	 	/s/    N. BELL        
	 	 	N. Bell
	 	 	Senior Manager

  

 S-7 

			
	BANK OF SCOTLAND, as a Lender and as a Managing Agent
		
	By:	 	/s/    ANNIE GLYNN        
	 	 	Annie Glynn
	 	 	Senior Vice President

  

 S-8 

			
	FLEET NATIONAL BANK, as a Lender and as a Managing Agent
		
	By:	 	/s/    MICHAEL BROCHETTI        
	 	 	Michael Brochetti
	 	 	Director

  

 S-9 

			
	FORTIS CAPITAL CORP., as a Lender and as a Managing Agent
		
	By:	 	/s/    DEIRDRE SANBORN        
	 	 	Deirdre Sanborn
	 	 	Vice President
		
	By:	 	/s/    DARRELL W. HOLLEY        
	 	 	Darrell W. Holley
	 	 	Managing Director

  

 S-10 

			
	 WACHOVIA BANK, NATIONAL
 ASSOCIATION, as a
Lender and as a Managing Agent

		
	By:	 	/s/    DAVID HUMPHREYS        
	 	 	David Humphreys
	 	 	Vice President

  

 S-11 

			
	 WELLS FARGO BANK TEXAS, NATIONAL
 ASSOCIATION, as a Lender and as a Managing Agent

		
	By:	 	/s/    PAUL A. SQUIRES        
	 	 	Paul A. Squires
	 	 	Vice President

  

 S-12 

			
	 CREDIT LYONNAIS NEW YORK BRANCH,
 as a
Lender

		
	By:	 	/s/    OLIVIER AUDEMARD        
	 	 	Olivier Audemard
	 	 	Senior Vice President

  

 S-13 

			
	COMERICA BANK - TEXAS, as a Lender
		
	By:	 	/s/    MICHAEL W.
NEPVEUX        
	 	 	Michael W. Nepveux
	 	 	Vice President

  

 S-14 

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as a Lender
		
	By:	 	/s/    MARVIN TARKINGTON        
	 	 	Marvin Tarkington
	 	 	Director

  

 S-15 

			
	 TORONTO DOMINION (TEXAS), INC.,
 as a
Lender

		
	By:	 	/s/    RACHEL SUITER        
	 	 	Rachel Suiter
	 	 	Vice President

  

 S-16

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