Document:

exhibit4pnt2.htm

 

Exhibit 4.2

 

 

COMSTOCK RESOURCES, INC.,

COMSTOCK AIR MANAGEMENT, LLC

GUARANTORS

NAMED HEREIN

and

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

Trustee

_________________________

SECOND SUPPLEMENTAL INDENTURE

dated as of April 30, 2010

to

INDENTURE

dated as of October 9, 2009

_________________________

8 3/8% Senior Notes due 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

  

  

THIS SECOND SUPPLEMENTAL INDENTURE dated as of April 30, 2010 (as originally executed and as it may from time to time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, this “Second Supplemental Indenture”), is among COMSTOCK RESOURCES, INC., a Nevada corporation (hereinafter called the “Company”), COMSTOCK AIR MANAGEMENT, LLC, a Nevada limited liability company (the “New Subsidiary”), the GUARANTORS (as defined in the Indenture) and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee (hereinafter called the “Trustee”).  Capitalized terms used herein but not otherwise defined shall have the meanings ascribed to them in the Indenture (as defined below).

 

RECITALS OF THE COMPANY

WHEREAS, the Company, the Guarantors and the Trustee entered into an Indenture dated as of October 9, 2009 (the “Original Indenture”), as the same was amended and supplemented by that certain First Supplemental Indenture dated as of October 9, 2009 (the “First Supplemental Indenture” and together with the Original Indenture, the “Indenture”), providing for the issuance by the Company from time to time, and the establishment of the terms of, the Company’s 8-3/8% Senior Notes due 2017;

 

WHEREAS, the Company formed the New Subsidiary pursuant to Articles of Organization filed in the Office of the Secretary of State of Nevada on March 2, 2010 and an Operating Agreement entered into as of March 3, 2010 (“Original Agreement”);

 

WHEREAS, the Company admitted M. Jay Allison and Roland O. Burns as members of the New Subsidiary (the “Members”), effective as of April 26, 2010, and the Members amended and restated the Original Agreement in its entirety (the “A&R Operating Agreement”);

 

WHEREAS, the business of the New Subsidiary is (i) to acquire the aircraft described on Exhibit A attached to the A&R Operating Agreement (the “Aircraft”), own, lease, finance, sell or otherwise dispose of the Aircraft, and (ii) to do any and all acts or things incidental to carry on the business of the New Subsidiary as set forth in clause (i) above;

 

WHEREAS, the Indenture provides that any Subsidiary may be designated an Unrestricted Subsidiary by the Board of Directors; and

 

WHEREAS, the New Subsidiary satisfies all of the requirements of the definition of “Unrestricted Subsidiary” as provided in the Original Indenture.

 

NOW, THEREFORE, for the purposes stated herein and for and in consideration of the premises and covenants contained in the Indenture and in this Second Supplemental Indenture and for other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, it is mutually covenanted and agreed as follows:

 

ARTICLE I

 

Section 1.1 Designation of Unrestricted Subsidiary.  From the date of this Second Supplemental Indenture, the New Subsidiary is hereby designated an “Unrestricted Subsidiary” and accordingly shall have no obligations under the Indenture, as permitted by the terms and conditions set forth in the definition of “Unrestricted Subsidiary” in the Original Indenture.

 

 

 

 

 

 

 

 

 

 

 

 

  

  

  

 

ARTICLE II

 

Section 2.1 Ratification of Indenture.  As supplemented by this Second Supplemental Indenture, the Indenture is in all respects ratified and confirmed, and the Indenture as supplemented by this Second Supplemental Indenture shall be read, taken and construed as one and the same instrument.

 

Section 2.2 Conflict with Trust Indenture Act.  If any provision hereof limits, qualifies or conflicts with another provision hereof which is required to be included in this Second Supplemental Indenture by any provision of the Trust Indenture Act, such required provisions shall control.

 

Section 2.3 Counterparts.  This Second Supplemental Indenture may be executed in any number of counterparts, each of which shall be an original; but such counterparts shall together constitute but one and the same instrument.

 

Section 2.4 Governing Law.  This Second Supplemental Indenture and the Guarantees contained herein shall be governed by, and construed and enforced in accordance with, the laws of the State of New York but without giving effect to applicable principles of conflicts of law to the extent that the application of the laws of another jurisdiction would be required thereby.

 

[Reminder of Page Intentionally Left Blank]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

-2-

  

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.

 

COMPANY:

COMSTOCK RESOURCES, INC.

By: /s/ ROLAND O. BURNS

Roland O. Burns

Senior Vice President, Chief Financial Officer, 

Secretary and Treasurer

GUARANTORS:

COMSTOCK OIL & GAS, LP

By: /s/ ROLAND O. BURNS

Roland O. Burns

Senior Vice President, Chief Financial Officer, 

Secretary and Treasurer of Comstock 

Resources, Inc., a Nevada corporation, acting 

in its capacity as the sole member of Comstock 

Oil & Gas GP, LLC, a Nevada limited liability 

company, and as the sole member of such entity, 

acting on behalf of such entity in such entity’s 

capacity as the sole general partner of 

Comstock Oil & Gas, LP, a Nevada limited 

partnership

COMSTOCK OIL & GAS HOLDINGS, INC.

By: /s/ ROLAND O. BURNS

      Roland O. Burns

  Senior Vice President, Chief Financial Officer, 

  Secretary and Treasurer

[Signature Pages Continue]

 

 

 

 

 

 

 

 

 

 

 

 

 

  

-3-

  

 

 

COMSTOCK OIL & GAS-LOUISIANA, LLC

By: /s/ ROLAND O. BURNS

Roland O. Burns

Manager, Senior Vice President, Chief Financial Officer, 

Secretary and Treasurer

COMSTOCK OIL & GAS GP, LLC

By: /s/ ROLAND O. BURNS 

Roland O. Burns

Senior Vice President, Chief Financial Officer, 

Secretary and Treasurer of Comstock 

Resources, Inc., a Nevada corporation, acting 

on behalf of such entity in its capacity as the 

sole member of Comstock Oil & Gas GP, 

LLC

COMSTOCK OIL & GAS INVESTMENTS, LLC

By: /s/ ROLAND O. BURNS 

Roland O. Burns

Manager

[Signature Pages Continue]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

-4-

  

UNRESTRICTED SUBSIDIARY:

COMSTOCK AIR MANAGEMENT, LLC

By: /s/ ROLAND O. BURNS 

      Roland O. Burns

      Manager

[Signature Pages Continue]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

-5-

  

TRUSTEE:

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

By: /s/ JULIE HOFFMAN-RAMOS                     

Name: Julie Hoffman-Ramos         

Title: Senior Associate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-6-ex10w69-05192010.htm

EXHIBIT 10.69 

BRISTOW GROUP INC.

2007 LONG TERM INCENTIVE PLAN

AMENDMENT NO. 1

This Amendment No. 1 (“Amendment”) to the Bristow Group Inc. 2007 Long Term Incentive Plan (the “Plan”) is effective upon the approval of the stockholders of Bristow Group Inc. (the “Company”) at the Company’s annual meeting of stockholders to be held on August 4, 2010. Defined terms used herein shall have the same meaning as defined in the Plan.

 

In order to increase the number of shares available for issuance under the plan from 1,200,000 shares to 2,400,000 shares and increase the number of full value shares that may be issued under the plan from 500,000 to 1,000,000, the Plan is hereby amended by replacing Section 1.4 thereof in its entirety with the following:

 

 “1.4  Shares of Common Stock Available for Incentive Awards

 

Subject to adjustment under Section 5.5, the maximum number of Shares that shall be available for Incentive Awards under the Plan that are granted wholly or partly in Common Stock (including rights or Stock Options that may be exercised for or settled in Common Stock) shall be 2,400,000 Shares of Common Stock; in addition any Shares under any grants or awards under the Bristow 2004 Stock Incentive Plan or the Bristow 2003 Nonqualified Plan for Non-Employee Directors (the “Prior Plans”) that expire or are forfeited, terminated or otherwise cancelled or that are settled in cash in lieu of Shares shall be available for Incentive Awards under this Plan. Of the total amount of Shares available under the Plan, 1,000,000 of the Shares reserved under the Plan shall be available for grants based on stock other than as a Stock Option or SAR. The number of Shares of Common Stock that are the subject of Incentive Awards under this Plan that are forfeited or terminated, are cancelled, expire unexercised, are settled in cash in lieu of Common Stock or are exchanged for Incentive Awards that do not involve Common Stock, shall again immediately become available for Incentive Awards hereunder. With respect to SARs, when a stock-settled SAR is exercised, the Shares of Common Stock subject to the SAR Award Letter shall be counted against the number of Shares of Common Stock available for future grant or sale under the Plan, regardless of the number of Shares of Common Stock used to settle the SAR upon exercise. Shares of Common Stock used to pay the exercise price of a Stock Option or used to satisfy tax withholding obligations shall not become available for future grant or sale under this Plan. The Board and the appropriate officers of the Company shall from time to time take whatever actions are necessary to file any required documents with governmental authorities, stock exchanges and transaction reporting systems to ensure that Shares are available for issuance pursuant to Incentive Awards.

 

The following limitations shall apply to grants of Incentive Awards to Employees:

 

(a) Subject to adjustment as provided in Section 5.5, the maximum aggregate number of Shares of Common Stock that may be subject to Incentive Awards denominated with respect to Shares of Common Stock (including Stock Options, Restricted Stock, Other Stock-Based Awards, SARs or Performance Awards paid out in Shares) granted to an Employee in any calendar year shall be 200,000 Shares.

 

(b) With respect to Incentive Awards denominated with respect to cash (including Other Stock–Based Awards or Performance Awards paid out in cash), the maximum aggregate cash payout to an Employee in any calendar year shall be $5,000,000.

 

(c) The limitations of subsections (a) and (b) above shall be construed and administered so as to comply with the Performance-Based Exception.”

 

Except as expressly amended hereby the Plan shall continue in full force and effect in accordance with its terms.

 

IN WITNESS WHEREOF, the Company has caused this Amendment to be duly executed in its name and on its behalf by its duly authorized officer.

 

BRISTOW GROUP INC.

 /s/ Randall A. Stafford

Randall A. Stafford

Vice President and General Counsel,

Corporate Secretary

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