Document:

Exhibit 4.1

 

EXECUTION VERSION

 

 

 

 

 

 

CIMAREX ENERGY CO.

 

AND

 

MAGNUM HUNTER RESOURCES, INC.

 

AND

 

THE SUBSIDIARY GUARANTORS PARTY HERETO

 

AND

 

DEUTSCHE BANK TRUST COMPANY AMERICAS,

 

as Trustee

 

 

SECOND SUPPLEMENTAL INDENTURE

 

Dated as of
June 7, 2005

 

To

 

INDENTURE

 

Dated as of
December 17, 2003

 

Floating Rate
Convertible Senior Notes Due 2023

 

 

 

 

 

 

TABLE OF CONTENTS

 

 

	
  ARTICLE I DEFINITIONS

  	
   

  
	
   

  	
   

  
	
  ARTICLE II AMENDMENTS

  	
   

  
	
   

  	
   

  
	
  Section 2.1

  	
  Amendments to Definitions

  	
   

  
	
  Section 2.2

  	
  Amendments to Conversion of the Securities

  	
   

  
	
  Section 2.3

  	
  Amendments to Section 12.11

  	
   

  
	
  Section 2.4

  	
  Amendments to Exhibits A-1 and A-2

  	
   

  
	
  Section 2.6

  	
  Amendment to Exhibit C

  	
   

  
	
  Section 2.7

  	
  Amendments to Securities

  	
   

  
	
   

  	
   

  
	
  ARTICLE III SUCCESSOR ISSUER GUARANTY 

  	
   

  
	
   

  	
   

  
	
  Section 3.1

  	
  Guarantee.

  	
   

  
	
  Section 3.2

  	
  Release of Guarantee.

  	
   

  
	
   

  	
   

  
	
  ARTICLE IV CONCERNING CNAC MERGER

  	
   

  
	
   

  	
   

  
	
  Section 4.1

  	
  Representations Concerning the CNAC Merger

  	
   

  
	
  Section 4.2

  	
  Officers’ Certificate and Opinion of Counsel

  	
   

  
	
   

  	
   

  
	
  ARTICLE V CONCERNING THE TRUSTEE 1

  	
   

  
	
   

  	
   

  
	
  Section 5.1

  	
  Terms and Conditions

  	
   

  
	
  Section 5.2

  	
  No Responsibility

  	
   

  
	
   

  	
   

  
	
  ARTICLE VI EFFECTIVE TIME; EFFECT OF
  EXECUTION AND DELIVERY

  	
   

  
	
   

  	
   

  
	
  ARTICLE VII OBLIGATIONS UNDER THE INDENTURE

  	
   

  
	
   

  	
   

  
	
  ARTICLE VIII MISCELLANEOUS PROVISIONS

  	
   

  
	
   

  	
   

  
	
  Section 8.1

  	
  Headings

  	
   

  
	
  Section 8.2

  	
  Rights and Obligations of the Trustee

  	
   

  
	
  Section 8.3

  	
  Successors

  	
   

  
	
  Section 8.4

  	
  Separability Clause

  	
   

  
	
  Section 8.5

  	
  Multiple Originals

  	
   

  
	
  Section 8.6

  	
  Governing Law

  	
   

  
	
  Section 8.7

  	
  Conflict with Trust Indenture Act

  	
   

  

 

i

 

SECOND SUPPLEMENTAL INDENTURE,
dated as of June 7, 2005 (this “Second Supplemental Indenture”),
among CIMAREX ENERGY CO., a Delaware corporation (the “Successor Issuer”),
MAGNUM HUNTER RESOURCES, INC., a Nevada corporation (the “Existing Issuer”)
and the “Company” under the First Amended Indenture (as defined below), MAGNUM
HUNTER PRODUCTION, INC., a Texas corporation (“MHP”), GRUY PETROLEUM
MANAGEMENT CO., a Texas corporation (“Gruy”), HUNTER GAS GATHERING,
INC., a Texas corporation (“Hunter”), TRAPMAR PROPERTIES, INC., a Texas
corporation (“Trapmar”), CONMAG ENERGY CORPORATION, a Texas corporation
(“Conmag”), PINTAIL ENERGY, INC., a Delaware corporation (“Pintail”),
PRIZE OPERATING COMPANY, a Delaware corporation (“Prize Operating”), PEC
(DELAWARE), INC., a Delaware corporation (“PEC”), PRIZE ENERGY
RESOURCES, L.P., a Delaware limited partnership (“Prize Energy”),
OKLAHOMA GAS PROCESSING, INC., a Delaware corporation (“Oklahoma Gas,”
and together with MHP, Gruy, Hunter, Trapmar, Conmag, Pintail, Prize Operating,
PEC and Prize Energy, the “Existing Subsidiary Guarantors”), and
DEUTSCHE BANK TRUST COMPANY AMERICAS, a banking corporation organized under the
laws of the State of New York (herein called the “Trustee”).

 

WITNESSETH:

 

WHEREAS, the Existing Issuer,
the Existing Subsidiary Guarantors and the Trustee are parties to an Indenture,
dated as of December 17, 2003 (the “Original Indenture”), pursuant
to which the Existing Issuer’s Floating Rate Convertible Senior Notes due 2023
in the principal amount of $125,000,000 were issued;

 

WHEREAS, the Existing Issuer,
the Existing Subsidiary Guarantors, and the Trustee have entered into a First
Supplemental Indenture, dated as of June 6, 2005 (the “First
Supplemental Indenture”), pursuant to which, among other things, the
Original Indenture was modified at the time and in accordance with the terms
thereof (such Original Indenture as amended and supplemented by the First
Supplemental Indenture is herein called the “First Amended Indenture”);

 

WHEREAS, at the Second
Supplemental Indenture Effective Time (as defined in Article VI hereof),
pursuant to an Agreement and Plan of Merger, dated January 25, 2005, as
amended by Amendment No. 1 dated as of February 18, 2005 and Amendment No. 2
dated as of April 20, 2005 (the “Merger Agreement”), among the Successor
Issuer, the Existing Issuer, and Cimarex Nevada Acquisition Co., a Nevada
corporation (“CNAC”), and a wholly-owned subsidiary of Cimarex, the
Existing Issuer and CNAC will merge (the “CNAC Merger”), with the
Existing Issuer being the surviving corporation, and in connection with and
upon the effectiveness of the CNAC Merger, the Existing Issuer will become a
wholly-owned subsidiary of the Successor Issuer, and the separate existence of
CNAC will cease;

 

WHEREAS, under the Merger
Agreement, holders of shares of Common Stock will receive 0.415 of a share of
common stock, par value $.01 per share (the “Successor Issuer Common Stock”),
of the Successor Issuer (plus cash in lieu of any fractional share interest)
for each share of Common Stock that they own immediately before the Effective
Time (as such term is defined in the Merger Agreement) of the CNAC Merger;

 

 

WHEREAS, the Successor Issuer
desires to issue a guarantee to the Holders of the Securities as provided in
this Second Supplemental Indenture;

 

WHEREAS, the Successor Issuer,
the Existing Issuer, and the Existing Subsidiary Guarantors are entering into
this Second Supplemental Indenture with the Trustee in compliance with
Sections 9.01 and 10.11 of the Indenture;

 

NOW,
THEREFORE, each party agrees as follows for the
benefit of the Trustee and for the equal and ratable benefit of the Holders of
the Securities:

 

ARTICLE I

DEFINITIONS

 

Capitalized
terms that are defined in this Second Supplemental Indenture (including without
limitation in the introductory paragraph and the Recitals hereto) shall have
the meanings assigned to them herein. 
Capitalized terms used in this Second Supplemental Indenture (including
without limitation in the introductory paragraph and the Recitals hereto) that
are not otherwise defined herein shall have the meanings assigned to them in
the First Amended Indenture.

 

ARTICLE II

AMENDMENTS

 

Section 2.1             Amendments
to Definitions.(a)         For all
purposes of the Indenture, this Second Supplemental Indenture and the
Securities, the definitions of the following terms set forth in
Section 1.1 of the First Amended Indenture are amended and restated to
read in full as follows:

 

“Common
Stock” means the common stock, par value $.01 per share, of the Successor
Issuer, as it exists at the Second Supplemental Indenture Effective Time or any
other shares of Capital Stock of the Successor Issuer into which Common Stock
shall be reclassified or changed.

 

“Common
Stock Price” on any date means the closing sale price per share (or if no
closing sale price is reported, the average of the bid and ask prices or, if
more than one in either case, the average of the average bid and the average
ask prices) on such date for the Common Stock as reported in composite
transactions on the principal United States securities exchange on which the
Common Stock is traded or, if the Common Stock is not listed on a United States
national or regional securities exchange, as reported by The NASDAQ System.

 

2

 

“Conversion
Price” means $28.99 per share of Common Stock as of the Second Supplemental
Indenture Effective Time, subject to adjustments as described in Section 10.05
hereof.

 

“Conversion
Rate” means the number of shares of Common Stock equal to $1,000 divided by
the Conversion Price, which shall be approximately 34.4971 as of the Second
Supplemental Indenture Effective Time, subject to the adjustments described in
Section 10.05 hereof.

 

“Enterprise
Value” means, as of any date of calculation, an amount equal to
(i) the product of (A) the Common Stock Price on the immediately
preceding Trading Day and (B) the aggregate number of shares of Common Stock
outstanding on the immediately preceding Trading Day, plus (ii) the
aggregate amount of outstanding indebtedness of the Successor Issuer and its
subsidiaries on a consolidated basis, as determined in accordance with GAAP, on
the immediately preceding Trading Day, plus (iii) the aggregate amount
recorded as outstanding preferred stock of the Successor Issuer and its
subsidiaries on a consolidated basis, as determined in accordance with GAAP, on
the immediately preceding Trading Day, minus (iv) the aggregate amount of
cash and cash equivalents held by the Successor Issuer and its subsidiaries on
a consolidated basis on the immediately preceding Trading Day.

 

“Indenture”
means this instrument as originally executed, as supplemented and amended by
the First Supplemental Indenture and the Second Supplemental Indenture and as
amended or supplemented from time to time in accordance with the terms hereof,
including the provisions of the TIA that are deemed to be a part hereof.

 

(b)           Section
1.1 of the First Amended Indenture is amended by adding the following defined
terms:

 

“Second
Supplemental Indenture” means the Second Supplemental Indenture, dated as
of June 7, 2005, among the Successor Issuer, the Company, the Subsidiary
Guarantors, and the Trustee.

 

“Second
Supplemental Indenture Effective Time” means the Second Supplemental
Indenture Effective Time as defined in Article VI thereof.

 

“Successor
Issuer” means Cimarex Energy Co., a Delaware corporation, until a successor
replaces it pursuant to the applicable provisions of this Indenture and,
thereafter, shall mean such

 

3

 

successor.  The foregoing sentence shall likewise apply
to any subsequent successor or successors.

 

(c)           For
avoidance of doubt, the terms “Company” and “Trustee” as set forth in Section
1.1 of the First Amended Indenture are not amended by this Second Supplemental
Indenture.

 

Section 2.2             Amendments
to Conversion of the Securities.(a)           Section 10.01(a)(iv)(B)
of the First Amended Indenture is amended and restated to read in full as
follows:

 

(B)           a distribution to all holders of
Common Stock of evidences of Successor Issuer indebtedness, rights or warrants
to purchase or subscribe for Capital Stock or other securities of the Successor
Issuer, cash or assets, which distribution has an aggregate value that exceeds
10% of the Successor Issuer’s Enterprise Value on the Trading Day immediately
preceding the declaration date of such distribution;

 

(b)           Section 10.01(a)(v)
of the First Amended Indenture is amended by deleting the term “Company” and
replacing it with the term “Successor Issuer.”

 

(c)           The
second sentence of Section 10.01(c) of the First Amended Indenture is
amended by deleting the term “Company’s” and replacing it with the term “Successor
Issuer’s.”

 

(d)           Section
10.02(b) of the First Amended Indenture is amended by deleting the references
therein to the term “Company” and replacing them with the term “Successor
Issuer.”

 

(e)           Section
10.04 of the First Amended Indenture is amended by deleting the references in
the first sentence, the heading, the penultimate paragraph, and the last
paragraph thereof to the term “Company” and replacing them with the term “Successor
Issuer.”

 

(f)            Section
10.05(a) of the First Amended Indenture is amended by deleting the term “Company”
and replacing it with the term “Successor Issuer.”

 

(g)           Section
10.05(b) of the First Amended Indenture is amended by deleting the term “Company”
and replacing it with the term “Successor Issuer.”

 

(h)           Section
10.05(c) of the First Amended Indenture is amended by deleting the first two
references therein to the term “Company” and replacing them with the term “Successor
Issuer.”

 

(i)            Section
10.05(d) of the First Amended Indenture is amended by deleting references
therein to the term “Company” and replacing them with the term “Successor
Issuer.”

 

(j)            Section
10.05(e) of the First Amended Indenture is amended by deleting the reference
therein to the term “Company” and replacing it with the term “Successor Issuer.”

 

4

 

(k)           Section
10.05(f) of the First Amended Indenture is amended by deleting the date “January
6, 1998” and replacing it with the date “February 23, 2002.”  Section 10.05(f) of the First Amended
Indenture also is amended by deleting references therein to the terms “Company’s”
and “Company” and replacing them with the terms “Successor Issuer’s” and “Successor
Issuer,” respectively.

 

(l)            Section
10.05(g) of the First Amended Indenture is amended by deleting references
therein to the term “Company” and replacing them with the term “Successor
Issuer.” Section 10.05(g) of the First Amended Indenture also is amended by deleting
the third reference therein to the term “Board of Directors” and replacing it
with the term “board of directors of the Successor Issuer.”

 

(m)          The
first full paragraph following Section 10.05(g) of the First Amended Indenture
is amended by deleting the third, fourth and fifth references therein to the
term “Company” and replacing them with the term “Successor Issuer.”

 

(n)           The
second full paragraph following Section 10.05(g) of the First Amended Indenture
is amended by deleting the references therein to the term “Company” and
replacing them with the term “Successor Issuer.”

 

(o)           Sections
10.06 and 10.07 of the First Amended Indenture are amended by deleting
references therein to the term “Company” and replacing them with the term “Successor
Issuer.”

 

(p)           Section
10.08 of the First Amended Indenture is amended by deleting second reference
therein to the term “Company” and replacing it with the term “Successor Issuer.”

 

(q)           Section
10.10 of the First Amended Indenture is amended by deleting the first seven
references therein to the term “Company” and replacing them with the term “Successor
Issuer.”

 

(r)            Section
10.11 of the First Amended Indenture is amended by:

 

(1)           deleting
the first three references in the first sentence of the first paragraph thereof
to the term “Company” and replacing them with the term “Successor Issuer;”

 

(2)           deleting
the fourth reference in the first sentence of the first paragraph thereof to
the term “Company” and replacing it with the term “Company and the Successor
Issuer;”

 

(3)           deleting
the references in the last sentence of the first paragraph thereof to the term “Company”
and replacing them with the term “Successor Issuer;” and

 

(4)           deleting
the references in the second paragraph thereof to the term “Company” and
replacing them with the term “Company and the Successor Issuer.”

 

5

 

(s)           The
first two sentences of Section 10.14(c) of the First Amended Indenture are
amended and restated to read in full as follows:

 

The Company
shall pay the Principal Return and cash for fractional shares and the Successor
Issuer shall issue and the Company shall deliver the Net Shares, if any, as
promptly as practicable after the Conversion Date, but in no event later than
four Business Days thereafter.  Except as
provided in Section 10.02(c) and this Section 10.14(c), delivery of
the Principal Return and cash in lieu of fractional shares and the issuance and
delivery of Net Shares, if any, shall be deemed to satisfy the Company’s and
the Successor Issuer’s obligation with respect to a converted Security.

 

Section 2.3             Amendments
to Section 12.11.Section 12.11 of the First Amended Indenture is amended by
adding the following sentence thereto:

 

All agreements
of the Successor Issuer in this Indenture and the Securities shall bind its
successor.

 

Section 2.4             Amendments
to Exhibits A-1 and A-2.(a)        The
first sentence in paragraph (4) of each of the Form of Reverse Side of Note
attached as Exhibits A-1 and A-2 to the First Amended Indenture is amended and
restated to read in full as follows:

 

Magnum Hunter
Resources, Inc., a Nevada corporation, issued the Securities under an
Indenture, dated as of December 17, 2003, among Magnum Hunter Resources, Inc.,
the Subsidiary Guarantors party thereto, and the Trustee.  Such Indenture was supplemented and amended by
the First Supplemental Indenture, dated as of June 6, 2005 (the “First
Supplemental Indenture”), among Magnum Hunter Resources, Inc., the
Subsidiary Guarantors party thereto and the Trustee and by the Second Supplemental
Indenture, dated as of June 7, 2005 (the “Second Supplemental Indenture”),
among Cimarex Energy Co., a Delaware corporation, Magnum Hunter Resources,
Inc., the Subsidiary Guarantors party thereto and the Trustee.  Such Indenture, as supplemented and amended
by the First Supplemental Indenture and the Second Supplemental Indenture and
as it may from time to time be supplemented or amended by one or more other
indentures supplemental thereto entered into pursuant to the applicable
provisions thereof is herein referred to as the “Indenture.”

 

6

 

(b)           The third and fourth
sentences of the first paragraph of paragraph (8) of the Form of Reverse Side
of Note attached as Exhibits A-1 and A-2 to the First Amended Indenture are
amended and restated to read in full as follows:

 

The Conversion
Price shall, as of the Second Supplemental Indenture Effective Time, be
$28.99.  The Conversion Rate shall, as of
the Second Supplemental Indenture Effective Time, be 34.4971.

 

Section 2.5             Amendment
to Exhibit C.The last sentence of the first paragraph of the Guarantee
attached as Exhibit C to the First Amended Indenture is amended and restated to
read in full as follows:

 

Capitalized
terms used but not defined herein shall have the meanings ascribed to them in
the Indenture, dated as of December 17, 2003, among Magnum Hunter
Resources, Inc., the Subsidiary Guarantors party thereto, and Deutsche Bank
Trust Company Americas, as Trustee (as supplemented and amended by the First
Supplemental Indenture, dated as of June 6, 2005, among Magnum Hunter
Resources, Inc., the Subsidiary Guarantors party thereto and the Trustee, and
the Second Supplemental Indenture, dated as of June 7, 2005, among Cimarex
Energy Co., a Delaware corporation, Magnum Hunter Resources, Inc., the
Subsidiary Guarantors party thereto, and the Trustee and as it may from time to
time be supplemented or amended by one or more other indentures supplemental
thereto entered into pursuant to the applicable provisions thereof, the “Indenture”).

 

Section 2.6             Amendments
to Securities.(a)The first sentence in paragraph (4) of the reverse side of
the Securities is amended and restated to read in full as follows:

 

Magnum Hunter
Resources, Inc., a Nevada corporation, issued the Securities under an
Indenture, dated as of December 17, 2003, among Magnum Hunter Resources, Inc.,
the Subsidiary Guarantors party thereto, and the Trustee.  Such Indenture was supplemented and amended
by the First Supplemental Indenture, dated as of June 6, 2005 (the “First
Supplemental Indenture”), among Magnum Hunter Resources, Inc., the
Subsidiary Guarantors party thereto and the Trustee and by the Second
Supplemental Indenture, dated as of June 7, 2005 (the “Second
Supplemental Indenture”), among Cimarex Energy Co., a Delaware corporation,
Magnum Hunter Resources, Inc., the Subsidiary Guarantors party thereto and the
Trustee.  Such Indenture, as supplemented
and amended by the First Supplemental Indenture and the Second Supplemental
Indenture and as it may from time to time be supplemented or amended by one or
more other indentures supplemental thereto

 

7

 

entered into
pursuant to the applicable provisions thereof is herein referred to as the “Indenture.”

 

(b)           The
third and fourth sentences of the first paragraph of paragraph (8) of the
reverse side of the Securities are amended and restated to read in full as
follows:

 

The Conversion
Price shall, as of the Second Supplemental Indenture Effective Time, be
$28.99.  The Conversion Rate shall, as of
the Second Supplemental Indenture Effective Time, be 34.4971.

 

(c)           The
first clause of the section titled “CONVERSION NOTICE” of the reverse side of
the Securities is amended and restated to read in full as follows:

 

To convert
this Security into Cash and Common Stock, check the box o

 

ARTICLE III

SUCCESSOR ISSUER GUARANTY

 

Section 3.1             Guarantee.

 

Subject to the
provisions of this Article III, the Successor Issuer hereby unconditionally and
irrevocably guarantees (such guarantee to be referred to herein as the “Guarantee”),
to and for the benefit of each Holder of a Security authenticated and delivered
by the Trustee, and to the Trustee and its successors and assigns, that (a) the
principal of, premium, if any, and interest on the Securities (including
Liquidated Damages, if any), Conversion Value, Change in Control Purchase
Price, and Purchase Price, shall be duly and punctually paid in full when due,
whether at maturity, by acceleration, upon redemption, purchase or otherwise,
and interest on the overdue principal and (to the extent permitted by law)
interest, if any, on the Securities and all other obligations of the Company to
the Holders under the Indenture and the Securities (including amounts due the
Trustee under Section 7.07 of the Indenture), in each case as they have been
and may be further amended from time to time, shall be promptly paid in full,
all in accordance with the terms hereof and thereof, and (b) in case of any
extension of time of payment or renewal of any Securities or any of such other
obligations, that the Securities and such other payment obligations will be
promptly paid in full when due or performed in accordance with the terms of the
extension or renewal, whether at maturity, by acceleration or otherwise.

 

The Successor
Issuer hereby further agrees that its obligations under this Article III
shall be unconditional, irrespective of the validity, regularity or
enforceability of the Securities or the Indenture, the absence of any action to
enforce the same, any waiver or consent by any Security holder with respect to
any provisions of the Indenture or the Securities, or any modification or
amendment of, or supplement of, the Indenture or the Securities.  The Successor Issuer hereby waives diligence,
presentment, demand of payment, filing of claims with a court in the event of
insolvency or bankruptcy of the Existing Issuer or any Subsidiary Guarantor,
any

 

8

 

right to require a proceeding
first against the Existing Issuer or any Subsidiary Guarantor, protest, notice
and all demands whatsoever and covenants that its Guarantee will not be
discharged except by complete performance by the Existing Issuer of all of its
obligations under the Indenture.

 

Upon making
any payment with respect to the Existing Issuer or any Subsidiary Guarantor
hereunder, the Successor Issuer shall be subrogated to the rights of the payee
against the Company and each Subsidiary Guarantor with respect to such payment;
provided that the Successor Issuer shall not enforce any payment by way of
subrogation or contribution until all obligations of the Company and the
Subsidiary Guarantors under the Indenture have been paid in full.

 

Section 3.2             Release
of Guarantee.

 

Notwithstanding
anything in this Article III to the contrary, concurrently with the payment in
full of (a) the principal amount at maturity or such other amounts as cause the
Indenture to cease to be of further effect pursuant to Section 8.01 of the
Indenture and (b) all other obligations of the Company and the Subsidiary
Guarantors under the Indenture, the Successor Issuer shall be released from and
relieved of its obligations under the Guarantee.  Upon the delivery by the Company to the
Trustee of an Officer’s Certificate and an Opinion of Counsel to the effect
that the transaction giving rise to the release of the Guarantee was made by
the Company in accordance with the provisions of the Indenture and the
Securities, the Trustee shall execute any documents reasonably required in
order to evidence the release of the Guarantor from its obligations under the
Guarantee.  If any of the obligations to
pay the principal of, premium, if any, and interest on the Securities
(including Liquidated Damages, if any), and any other payment obligations of
the Company to the Holders under the Indenture or the Securities are revived
and reinstated after the termination of the Guarantee, then all of the
obligations of the Successor Issuer under the Guarantee shall be revived and
reinstated as if the Guarantee had not been terminated until such time as such
amounts on the Securities and all other obligations of the Company under the
Indenture are paid in full, and the Successor Issuer shall enter into an
amendment to the Guarantee evidencing such revival and reinstatement.

 

ARTICLE IV

CONCERNING CNAC MERGER

 

Section 4.1             Representations
Concerning the CNAC Merger.The Existing Issuer hereby represents that it
shall be the surviving corporation in connection with the CNAC Merger and that,
immediately after giving effect to the CNAC Merger, no Event of Default and
Default shall have occurred and be continuing.

 

9

 

Section 4.2             Officers’
Certificate and Opinion of Counsel.Concurrently with the execution and
delivery of this Second Supplemental Indenture, the Existing Issuer has
delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel as
required by Sections 5.01 and 10.11 of the First Amended Indenture.

 

ARTICLE V

CONCERNING THE TRUSTEE

 

Section 5.1             Terms
and Conditions.The Trustee accepts this Second Supplemental Indenture and
agrees to perform the express duties of the Trustee upon the terms and
conditions set forth herein and in the First Amended Indenture, as modified by
this Second Supplemental Indenture.

 

Section 5.2             No
Responsibility.The Trustee makes no undertaking or representations in
respect of, and shall not be responsible in any manner whatsoever for and in
respect of, the validity or sufficiency of this Second Supplemental Indenture
or the proper authorization or the due execution hereof by the Existing Issuer
or the Subsidiary Guarantors or for or in respect of the recitals and
statements contained herein, all of which recitals and statements are made
solely by the Existing Issuer or the Subsidiary Guarantors, as the case may be.

 

ARTICLE VI

EFFECTIVE TIME; EFFECT OF EXECUTION AND DELIVERY

 

Notwithstanding
the execution and delivery of this Second Supplemental Indenture on the date
hereof, the amendments to the First Amended Indenture set forth in Article II
of this Second Supplemental Indenture shall not become effective unless and
until the Effective Time (as defined in the Merger Agreement) of the CNAC
Merger occurs (the date and time of such Effective Time is herein called the “Second
Supplemental Indenture Effective Time”). 
From and after the Second Supplemental Indenture Effective Time and
without any further notice or action on the part of the Successor Issuer, the
Existing Issuer, the Subsidiary Guarantors, the Trustee, any Holder or any
other Person, (i) the First Amended Indenture shall be deemed to be
modified in accordance with the assumption, substitution and amendments set
forth in Article II of this Second Supplemental Indenture, (ii) this
Second Supplemental Indenture shall form a part of the Indenture for all
purposes, (iii) each reference in the Indenture to “this Indenture,” “hereunder,”
“herein” or words of like import shall mean and be a reference to the
Indenture, as affected, amended and supplemented hereby, (iv) except as
expressly modified by this Second Supplemental Indenture, the First Amended
Indenture shall continue in full force and effect, (v) the Securities
shall continue to be governed by the First Amended Indenture, as modified by this
Second Supplemental Indenture and (vi) every Holder of Securities
heretofore  or hereafter authenticated
and delivered shall be bound by the First Amended Indenture, as modified by
this Second Supplemental Indenture.

 

10

 

ARTICLE VII

OBLIGATIONS UNDER THE INDENTURE

 

Notwithstanding
anything to the contrary in the First Amended Indenture, this Second
Supplemental Indenture or the First Amended Indenture, as modified by this
Second Supplemental Indenture, (i) except as provided in Article III of
this Second Supplemental Indenture, all obligations for payment of principal
of, or premium, if any, interest, Liquidated Damages, if any, Principal Return,
Change in Control Purchase Price, the Existing Issuer’s obligations concerning
conversion of the Securities under the Indenture, or Purchase Price due to be
paid on, the Securities shall remain solely the obligations of the Existing
Issuer and (ii) any requirement to provide notices, make announcements or
file documents with the Trustee in Article 10 of the First Amended
Indenture, as modified by this Second Supplemental Indenture, shall remain the
responsibility of the Existing Issuer, and, except to the extent provided in
the TIA, the Successor Issuer shall not be responsible for such notices,
announcements or filings.  The Successor
Issuer has executed this Second Supplemental Indenture only for the purpose of
confirming its obligation to issue common stock, par value $.01 per share, of the
Successor Issuer upon the conversion of Securities and to provide its Guarantee
as set forth herein.

 

ARTICLE VIII

MISCELLANEOUS PROVISIONS

 

Section 8.1             Headings

 

The Article
and Section headings in this Second Supplemental Indenture are for convenience
only and shall not affect the construction of this Second Supplemental
Indenture.

 

Section 8.2             Rights
and Obligations of the Trustee.All of the provisions of the First Amended
Indenture with respect to the rights, privileges, immunities, powers and duties
of the Trustee shall be applicable in respect of this Second Supplemental
Indenture as fully and with the same effect as if set forth herein in full.

 

Section 8.3             Successors.All
agreements of the Successor Issuer in this Second Supplemental Indenture shall
bind its successors.  All agreements of
the Existing Issuer and each of the Subsidiary Guarantors in this Second
Supplemental Indenture shall bind their respective successors.  All agreements of the Trustee in this Second
Supplemental Indenture shall bind its successors.

 

Section 8.4             Separability
Clause.In case any provision in this Second 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.

 

Section 8.5             Multiple
Originals.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.

 

Section 8.6             Governing
Law.THIS SECOND SUPPLEMENTAL INDENTURE SHALL BE DEEMED TO BE A CONTRACT
MADE UNDER THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

 

11

 

Section 8.7             Conflict
with Trust Indenture Act.If any provision of this Second Supplemental
Indenture limits, qualifies, or conflicts with another provision which is
required to be included in this Second Supplemental Indenture by the TIA, the
required provision shall control.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12

 

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.

 

	
   

  	
  SUCCESSOR
  ISSUER:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  CIMAREX ENERGY CO.

  	
   

  
	
   

  	
  By:

  	
  /s/ Paul Korus

  	
   

  
	
   

  	
  Name:

  	
  Paul Korus

  	
   

  
	
   

  	
  Title:

  	
  Chief Financial Officer

  	
   

  

 

 

	
   

  	
  EXISTING
  ISSUER:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  MAGNUM HUNTER RESOURCES, INC.

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard R. Frazier

  	
   

  
	
   

  	
  Name:

  	
  Richard R. Frazier

  	
   

  
	
   

  	
  Title:

  	
  President, Chief Executive Officer

  	
   

  

 

 

	
   

  	
  SUBSIDIARY GUARANTORS:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  MAGNUM HUNTER PRODUCTION, INC.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard R. Frazier

  	
   

  
	
   

  	
  Name:

  	
  Richard R. Frazier

  	
   

  
	
   

  	
  Title:

  	
  President, Chief Executive Officer

  	
   

  

 

 

	
   

  	
  GRUY PETROLEUM MANAGEMENT CO.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard R. Frazier

  	
   

  
	
   

  	
  Name:

  	
  Richard R. Frazier

  	
   

  
	
   

  	
  Title:

  	
  President, Chief Executive Officer

  	
   

  

 

 

	
   

  	
  HUNTER GAS GATHERING, INC.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard R. Frazier

  	
   

  
	
   

  	
  Name:

  	
  Richard R. Frazier

  	
   

  
	
   

  	
  Title:

  	
  President, Chief Executive Officer

  	
   

  

 

 

	
   

  	
  TRAPMAR PROPERTIES, INC.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard R. Frazier

  	
   

  
	
   

  	
  Name:

  	
  Richard R. Frazier

  	
   

  
	
   

  	
  Title:

  	
  President, Chief Executive Officer

  	
   

  

 

 

	
   

  	
  CONMAG ENERGY CORPORATION

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard R. Frazier

  	
   

  
	
   

  	
  Name:

  	
  Richard R. Frazier

  	
   

  
	
   

  	
  Title:

  	
  President, Chief Executive Officer

  	
   

  

 

 

	
   

  	
  PINTAIL ENERGY, INC.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard R. Frazier

  	
   

  
	
   

  	
  Name:

  	
  Richard R. Frazier

  	
   

  
	
   

  	
  Title:

  	
  President, Chief Executive Officer

  	
   

  

 

 

	
   

  	
  PRIZE OPERATING COMPANY

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard R. Frazier

  	
   

  
	
   

  	
  Name:

  	
  Richard R. Frazier

  	
   

  
	
   

  	
  Title:

  	
  President, Chief Executive Officer

  	
   

  

 

 

	
   

  	
  PEC (DELAWARE), INC.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard R. Frazier

  	
   

  
	
   

  	
  Name:

  	
  Richard R. Frazier

  	
   

  
	
   

  	
  Title:

  	
  President, Chief Executive Officer

  	
   

  

 

 

 

	
   

  	
  PRIZE ENERGY RESOURCES, L.P.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Prize Operating Company,

  	
   

  
	
   

  	
   

  	
  its General Partner

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard R. Frazier

  	
   

  
	
   

  	
  Name:

  	
  Richard R. Frazier

  	
   

  
	
   

  	
  Title:

  	
  President, Chief Executive Officer

  	
   

  

 

 

	
   

  	
  OKLAHOMA GAS PROCESSING, INC.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard R. Frazier

  	
   

  
	
   

  	
  Name:

  	
  Richard R. Frazier

  	
   

  
	
   

  	
  Title:

  	
  President, Chief Executive Officer

  	
   

  

 

 

	
   

  	
  TRUSTEE:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  DEUTSCHE BANK TRUST COMPANY AMERICAS

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Irina Golovashchuk

  	
   

  
	
   

  	
  Name:

  	
  Irina Golovashchuk

  	
   

  
	
   

  	
  Title:

  	
  AssociateExhibit 4.1

 

EXECUTION VERSION

 

 

 

MAGNUM HUNTER RESOURCES, INC.

 

AND

 

THE SUBSIDIARY GUARANTORS PARTY HERETO

 

AND

 

DEUTSCHE BANK TRUST COMPANY AMERICAS,

 

as Trustee

 

 

FIRST SUPPLEMENTAL INDENTURE

 

Dated as of June 6, 2005

 

to

 

INDENTURE

 

Dated as of December 17, 2003

 

Floating Rate Convertible Senior Notes Due
2023

 

 

 

 

TABLE OF CONTENTS

 

	
  ARTICLE I DEFINITIONS

  	
   

  
	
   

  	
   

  
	
  ARTICLE II AMENDMENTS

  	
   

  
	
   

  	
   

  
	
  Section 2.1

  	
  Amendments to Definitions

  	
   

  
	
  Section 2.2

  	
  Amendments to Section 10.11

  	
   

  
	
  Section 2.3

  	
  Amendments to Exhibits A-1 and A-2

  	
   

  
	
  Section 2.4

  	
  Amendment to Exhibit C

  	
   

  
	
   

  	
   

  
	
  ARTICLE III CONCERNING THE TRUSTEE

  	
   

  
	
   

  	
   

  
	
  Section 3.1

  	
  Terms and Conditions

  	
   

  
	
  Section 3.2

  	
  No Responsibility

  	
   

  
	
   

  	
   

  
	
  ARTICLE IV EFFECTIVE TIME; EFFECT OF
  EXECUTION AND DELIVERY

  	
   

  
	
   

  	
   

  
	
  ARTICLE V MISCELLANEOUS PROVISIONS

  	
   

  
	
   

  	
   

  
	
  Section 5.1

  	
  Headings

  	
   

  
	
  Section 5.2

  	
  Rights and Obligations of the Trustee

  	
   

  
	
  Section 5.3

  	
  Successors

  	
   

  
	
  Section 5.4

  	
  Separability Clause

  	
   

  
	
  Section 5.5

  	
  Multiple Originals

  	
   

  
	
  Section 5.6

  	
  Governing Law

  	
   

  
	
  Section 5.7

  	
  Conflict with Trust Indenture Act

  	
   

  

 

i

 

FIRST SUPPLEMENTAL INDENTURE, dated as of June 6, 2005 (this “First
Supplemental Indenture”), among MAGNUM HUNTER RESOURCES, INC., a Nevada
corporation (the “Company”), MAGNUM HUNTER PRODUCTION, INC., a Texas
corporation (“MHP”), GRUY PETROLEUM MANAGEMENT CO., a Texas corporation
(“Gruy”), HUNTER GAS GATHERING, INC., a Texas corporation (“Hunter”),
TRAPMAR PROPERTIES, INC., a Texas corporation (“Trapmar”), CONMAG ENERGY
CORPORATION, a Texas corporation (“Conmag”), PINTAIL ENERGY, INC., a
Delaware corporation (“Pintail”), PRIZE OPERATING COMPANY, a Delaware
corporation (“Prize Operating”), PEC (DELAWARE), INC., a Delaware
corporation (“PEC”), PRIZE ENERGY RESOURCES, L.P., a Delaware limited
partnership (“Prize Energy”), OKLAHOMA GAS PROCESSING, INC., a Delaware
corporation (“Oklahoma Gas,” and together with MHP, Gruy, Hunter,
Trapmar, Conmag, Pintail, Prize Operating, PEC and Prize Energy, the “Subsidiary
Guarantors”), and DEUTSCHE BANK TRUST COMPANY AMERICAS, a banking
corporation organized under the laws of the State of New York (herein called
the “Trustee”).

 

WITNESSETH:

 

WHEREAS, the Company, the Subsidiary Guarantors and the Trustee are
parties to an Indenture, dated as of December 17, 2003 (the “Original
Indenture”), pursuant to which the Company’s Floating Rate Convertible
Senior Notes due 2023 in the principal amount of $125,000,000 were issued;

 

WHEREAS, the Company and the Subsidiary Guarantors are entering into
this First Supplemental Indenture with the Trustee in compliance with Section 9.01
of the Indenture in order to, among other things, conform Section 10.11 of
the Original Indenture to the Offering Memorandum;

 

NOW, THEREFORE, each
party agrees as follows for the benefit of each of the other parties to this
First Supplemental Indenture and for the equal and ratable benefit of the
Holders of the Securities:

 

ARTICLE I

DEFINITIONS

 

Capitalized terms that are defined in this First Supplemental Indenture
(including without limitation in the introductory paragraph and the Recitals
hereto) shall have the meanings assigned to them herein.  Capitalized terms used in this First
Supplemental Indenture (including without limitation in the introductory
paragraph and the Recitals hereto) that are not otherwise defined herein shall
have the meanings assigned to them in the Original Indenture.

 

 

ARTICLE II

AMENDMENTS

 

Section 2.1             Amendments
to Definitions.

 

Section 1.1 of the Original Indenture is amended by adding the
following defined term:

 

“First Supplemental Indenture” means the First Supplemental
Indenture, dated as of June 6, 2005, among the Company, the Subsidiary
Guarantors, and the Trustee.

 

For all purposes of the Original Indenture, this First Supplemental
Indenture and the Securities, the definition of the following term set forth in
Section 1.1 of the Original Indenture is amended and restated to read in
full as follows:

 

“Indenture” means this instrument as originally executed, as
supplemented and amended by the First Supplemental Indenture, and as it may
from time to time be supplemented or amended in accordance with the terms
hereof, including the provisions of the TIA that are deemed to be a part
hereof.

 

Section 2.2             Amendments
to Section 10.11.

 

The first sentence of Section 10.11 of the Original Indenture is
amended and restated to read in full as follows:

 

If any of the following shall occur, namely:

 

(i)  any reclassification or change of outstanding shares of
Common Stock (other than a change in par value, or from par value to no par
value, or from no par value to par value, or as a result of a subdivision or
combination);

 

(ii)  any consolidation, combination, merger or share exchange to
which the Company is a party other than a merger in which the Company is the
resulting or surviving corporation and which does not result in any
reclassification of, or change (other than a change in name, or par value, or
from par value to no par value, or from no par value to par value, or as a
result of a subdivision or combination) in, outstanding shares of Common Stock;
or

 

(iii) any sale or conveyance of all or substantially all of the
assets of the Company,

 

in each case pursuant to which the outstanding shares of Common Stock
would be converted into cash, securities, or other property, then (1) at
the effective time of such reclassification, change,

 

2

 

consolidation, combination, merger, share exchange, sale or conveyance,
a Holder’s right to convert its Securities into cash and shares of Common Stock
will be changed into a right to convert its Securities into the kind and amount
of cash, securities and other property that such Holder would have received if
such Holder had converted its Securities immediately prior to such
reclassification, change, consolidation, combination, merger, share exchange,
sale or conveyance and (2) the Company, or the successor or purchasing
corporation, as the case may be, shall, as a condition precedent to such
reclassification, change, consolidation, combination, merger, share exchange,
sale or conveyance, execute and deliver to the Trustee a supplemental indenture
providing that, at the effective time of such reclassification, change,
consolidation, combination, merger, share exchange, sale or conveyance, a
Holder’s right to convert its Securities into cash and shares of Common Stock
shall be changed into the right to convert its Securities into the kind and
amount of cash, securities and other property that such Holder would have
received if such Holder had converted its Securities immediately prior to such
reclassification, change, consolidation, combination, merger, share exchange,
sale or conveyance.

 

Section 2.3             Amendments
to Exhibits A-1 and A-2.

 

The first sentence in paragraph (4) of each of the Form of
Reverse Side of Note attached as Exhibits A-1 and A-2 to the
Original Indenture is amended and restated to read in full as follows:

 

Magnum Hunter Resources, Inc., a Nevada corporation, issued the
Securities under an Indenture, dated as of December 17, 2003, among Magnum
Hunter Resources, Inc., the Subsidiary Guarantors party thereto, and the
Trustee.  Such Indenture was supplemented
and amended by the First Supplemental Indenture, dated as of June 6, 2005
(the “First Supplemental Indenture”), among Magnum Hunter Resources, Inc.,
the Subsidiary Guarantors party thereto and the Trustee.  Such Indenture, as supplemented and amended
by the First Supplemental Indenture and as it may from time to time be
supplemented or amended by one or more other indentures supplemental thereto
entered into pursuant to the applicable provisions thereof is herein referred
to as the “Indenture.”

 

Section 2.4             Amendment
to Exhibit C.

 

The last sentence of the first paragraph of the Guarantee attached as Exhibit C
to the Original Indenture is amended and restated to read in full as follows:

 

3

 

Capitalized terms used but not defined herein shall have the meanings
ascribed to them in the Indenture, dated as of December 17, 2003, among
Magnum Hunter Resources, Inc., the Subsidiary Guarantors party thereto,
and Deutsche Bank Trust Company Americas, as Trustee (as supplemented and
amended by the First Supplemental Indenture, dated as of June 6, 2005,
among Magnum Hunter Resources, Inc., the Subsidiary Guarantors party
thereto, and the Trustee and as it may from time to time be supplemented or
amended by one or more other indentures supplemental thereto entered into
pursuant to the applicable provisions thereof, the “Indenture”).

 

ARTICLE III

CONCERNING THE TRUSTEE

 

Section 3.1             Terms
and Conditions.

 

The Trustee accepts this First Supplemental Indenture and agrees to
perform the express duties of the Trustee upon the terms and conditions set
forth herein and in the Original Indenture, as modified by this First
Supplemental Indenture.

 

Section 3.2             No
Responsibility.

 

The Trustee makes no undertaking or representations in respect of, and
shall not be responsible in any manner whatsoever for and in respect of, the
validity or sufficiency of this First Supplemental Indenture or the proper
authorization or the due execution hereof by the Company or the Subsidiary
Guarantors or for or in respect of the recitals and statements contained
herein, all of which recitals and statements are made solely by the Company or
the Subsidiary Guarantors, as the case may be.

 

ARTICLE IV

EFFECTIVE TIME; EFFECT OF EXECUTION AND DELIVERY

 

From and after the date of this First Supplemental Indenture and
without any further notice or action on the part of the Company, the Subsidiary
Guarantors, the Trustee, any Holder or any other Person, (i) the Original
Indenture shall be deemed to be modified in accordance with the amendments set
forth in Article II of this First Supplemental Indenture, (ii) this
First Supplemental Indenture shall form a part of the Indenture for all
purposes, (iii) each reference in the Indenture to “this Indenture,” “hereunder,”
“herein” or words of like import shall mean and be a reference to the
Indenture, as affected, amended and supplemented hereby, (iv) except as
expressly modified by this First Supplemental Indenture, the Original Indenture
shall continue in full force and effect, (v) the Securities shall continue
to be governed by the Original Indenture, as modified by this First
Supplemental Indenture, and (vi) every Holder of Securities theretofore
authenticated and delivered under the Original Indenture and hereafter
authenticated and delivered under the Original Indenture, as modified by this
First Supplemental Indenture, shall be bound by the Original Indenture, as
modified by this First Supplemental Indenture.

 

4

 

ARTICLE V

MISCELLANEOUS PROVISIONS

 

Section 5.1             Headings

 

The Article and Section headings in this First Supplemental
Indenture are for convenience only and shall not affect the construction of
this First Supplemental Indenture.

 

Section 5.2             Rights
and Obligations of the Trustee.

 

All of the provisions of the Original Indenture with respect to the
rights, privileges, immunities, powers and duties of the Trustee shall be
applicable in respect of this First Supplemental Indenture as fully and with
the same effect as if set forth herein in full.

 

Section 5.3             Successors.

 

All agreements of the Company and each of the Subsidiary Guarantors in
this First Supplemental Indenture shall bind their respective successors.  All agreements of the Trustee in this First
Supplemental Indenture shall bind its successors.

 

Section 5.4             Separability
Clause.

 

In case any provision in this First 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.

 

Section 5.5             Multiple
Originals.

 

This First 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.

 

Section 5.6             Governing
Law.

 

THIS FIRST SUPPLEMENTAL INDENTURE SHALL BE DEEMED TO BE A CONTRACT MADE
UNDER THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

 

Section 5.7             Conflict
with Trust Indenture Act.

 

If any
provision of this First Supplemental Indenture limits, qualifies, or conflicts
with another provision which is required to be included in this First
Supplemental Indenture by the TIA, the required provision shall control.

 

5

 

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

 

	
   

  	
  COMPANY:

  
	
   

  	
   

  
	
   

  	
  MAGNUM HUNTER RESOURCES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard R. Frazier

  	
   

  
	
   

  	
  Name:

  	
  Richard R. Frazier

  
	
   

  	
  Title:

  	
  President, Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SUBSIDIARY GUARANTORS:

  
	
   

  	
   

  
	
   

  	
  MAGNUM HUNTER PRODUCTION, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard R. Frazier

  	
   

  
	
   

  	
  Name:

  	
  Richard R. Frazier

  
	
   

  	
  Title:

  	
  President, Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GRUY PETROLEUM MANAGEMENT CO.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard R. Frazier

  	
   

  
	
   

  	
  Name:

  	
  Richard R. Frazier

  
	
   

  	
  Title:

  	
  President, Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  HUNTER GAS GATHERING, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard R. Frazier

  	
   

  
	
   

  	
  Name:

  	
  Richard R. Frazier

  
	
   

  	
  Title:

  	
  President, Chief Executive Officer

  

 

 

	
   

  	
  TRAPMAR PROPERTIES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard R. Frazier

  	
   

  
	
   

  	
  Name:

  	
  Richard R. Frazier

  
	
   

  	
  Title:

  	
  President, Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  CONMAG ENERGY CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard R. Frazier

  	
   

  
	
   

  	
  Name:

  	
  Richard R. Frazier

  
	
   

  	
  Title:

  	
  President, Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  PINTAIL ENERGY, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard R. Frazier

  	
   

  
	
   

  	
  Name:

  	
  Richard R. Frazier

  
	
   

  	
  Title:

  	
  President, Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  PRIZE OPERATING COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard R. Frazier

  	
   

  
	
   

  	
  Name:

  	
  Richard R. Frazier

  
	
   

  	
  Title:

  	
  President, Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  PEC (DELAWARE), INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard R. Frazier

  	
   

  
	
   

  	
  Name:

  	
  Richard R. Frazier

  
	
   

  	
  Title:

  	
  President, Chief Executive Officer

  

 

 

	
   

  	
  PRIZE ENERGY RESOURCES, L.P.

  
	
   

  	
   

  
	
   

  	
  By: Prize Operating Company,

  its General Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard R. Frazier

  	
   

  
	
   

  	
  Name:

  	
  Richard R. Frazier

  
	
   

  	
  Title:

  	
  President, Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  OKLAHOMA GAS PROCESSING, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard R. Frazier

  	
   

  
	
   

  	
  Name:

  	
  Richard R. Frazier

  
	
   

  	
  Title:

  	
  President, Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  TRUSTEE:

  
	
   

  	
   

  
	
   

  	
  DEUTSCHE BANK TRUST COMPANY

  AMERICAS

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Irina Golovashchuk

  	
   

  
	
   

  	
  Name:

  	
  Irina Golovashchuk

  
	
   

  	
  Title:

  	
  Associate

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