Document:

exv10w1

Exhibit 10.1

THIRD AMENDMENT TO SALES AGREEMENT

     THIS THIRD AMENDMENT TO SALES AGREEMENT (the “Amendment”) is entered into as of the 4th day of
April, 2011, effective as of January 1, 2011, by and between Capstead Mortgage Corporation (the
“Company”) and BRINSON PATRICK SECURITIES CORPORATION (the “Sales Manager”), as follows:

RECITALS:

     WHEREAS, the Company and the Sales Manager have entered into a Sales Agreement dated as
of March 10, 2008 (the “Initial Agreement”);

     WHEREAS, the Company and Sales Manager have entered into a First Amendment to the Initial
Agreement dated as of August 4, 2008 and a Second Amendment to the Initial Agreement dated as of
November 24, 2009 (together with the Initial Agreement, the “Agreement”); and

     WHEREAS, the Company and the Sales Manager desire to amend the Agreement.

     NOW THEREFORE, in consideration of the premises and mutual agreements herein contained,
intending to be legally bound, the Company and the Sales Manager agree as follows:

SECTION 1. Defined Terms. Capitalized terms not otherwise defined herein shall have the
meaning attributed to them in the Agreement.

SECTION 2. Amendment to Section 2.1(c) of the Agreement. Section 2.1(c) of the Agreement
is amended and restated to read as follows:

     “(c) The compensation to the Sales Manager for sales of Common Stock sold under this Agreement
shall be at the following commission rates: 3.0% of the gross sales price per share (“sales
proceeds”) for the first $8 million of aggregate sales proceeds raised in each Sales Period; 2.5%
of sales proceeds for the next $4 million of aggregate sales proceeds raised in each Sales Period;
2.0% of sales proceeds for next $88 million in aggregate sales proceeds raised in each Sales
Period; and 1.0% of sales proceeds for any additional aggregate sales proceeds raised in each Sales
Period. For purposes of this section 2.1(c), the initial “Sales Period” shall commence on March
10, 2008 and shall end on December 31, 2011 and each subsequent Sales Period shall be for a two
year period, commencing on January 1 and ending on December 31 of the following calendar year. The
remaining proceeds, after further deduction for any transaction fees imposed by any governmental or
self-regulatory organization in respect to such sale shall constitute the net proceeds to the
Company for such Common Stock (the “Net Proceeds”). For purposes of the first sentence of this
section 2.1(c), sales proceeds include sales proceeds from sales of Common Stock by the Sales
Manager for the account of the Company, whether under this Agreement, or otherwise.”

SECTION 3. Counterparts. This Amendment may be executed in separate counterparts, each of
which shall be deemed an original and both of which shall constitute a single agreement.

 

 

SECTION 4. Binding Effect. Except as expressly amended hereby, the Agreement shall
continue to be and shall remain in full force and effect in accordance with its terms. Any
reference to the “Agreement” or the “Sales Agreement” in the Agreement shall be deemed to be a
reference to the Agreement as amended hereby.

SECTION 5. Governing Law. This Amendment shall be governed by, and construed in accordance
with, the internal laws of the State of New York.

     IN WITNESS WHEREOF, the undersigned have executed this Third Amendment to Sales Agreement as
of the day and year first written above.

	 	 	 	 	 
	 	CAPSTEAD MORTGAGE CORPORATION

 	 
	 	By:  	/s/ Phillip A. Reinsch 	 
	 	 	Name:  	Phillip A. Reinsch 	 
	 	 	Title:  	Executive Vice President and 
Chief Financial Officer 	 
	 
	 
	 	BRINSON PATRICK SECURITIES CORPORATION

 	 
	 	By:  	/a/ Todd Wyche 	 
	 	 	Name:  	Todd Wyche 	 
	 	 	Title:  	Managing Director 	 
	 

2exv4w1

Exhibit 4.1

COPANO ENERGY, L.L.C.,

COPANO ENERGY FINANCE CORPORATION,

THE GUARANTORS NAMED HEREIN,

AND

U.S. BANK NATIONAL ASSOCIATION,

as Trustee

 

FOURTH SUPPLEMENTAL INDENTURE

Dated as of April 5, 2011

to

Indenture

Dated as of February 7, 2006

8.125% Senior Notes due 2016

 

 

     THIS FOURTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of April 5, 2011,
is by and among Copano Energy, L.L.C., a Delaware limited liability company (the “Company”), Copano
Energy Finance Corporation, a Delaware corporation (the “Co-Issuer” and, together with the Company,
the “Issuers”), the Guarantors (as defined in the Indenture referred to herein), and U.S. Bank
National Association, as trustee (the “Trustee”).

     WHEREAS, the Issuers, the Guarantors and the Trustee are parties to that certain Indenture
dated as of February 7, 2006 (the “Original Indenture”), relating to the Issuers’ 8.125% Senior
Notes due 2016 (the “Notes”), and the Original Indenture has been amended and supplemented by the
First Supplemental Indenture dated as of November 8, 2007, the Second Supplemental Indenture dated
May 13, 2009 and the Third Supplemental Indenture dated as of March 10, 2011 (the Original
Indenture, as so amended and supplemented, being referred to herein as the “Indenture”);

     WHEREAS, $332,665,000 aggregate principal amount of Notes are currently outstanding;

     WHEREAS, Section 9.02 of the Indenture provides that, with the consent of the Holders of a
majority in principal amount of the Notes then outstanding (including, without limitation, consents
obtained in connection with a tender offer for Notes), the Issuers, the Guarantors and the Trustee
may enter into an indenture supplemental to the Indenture for the purpose of amending or
supplementing the Indenture or the Notes (subject to certain exceptions);

     WHEREAS, the Issuers desire and have requested the Trustee to join with them and the
Guarantors in entering into this Supplemental Indenture for the purpose of amending the Indenture
and the Notes in certain respects as permitted by Section 9.02 of the Indenture;

     WHEREAS, the Company has been soliciting consents to this Supplemental Indenture upon the
terms and subject to the conditions set forth in its Offer to Purchase and Consent Solicitation
Statement dated March 22, 2011 and the Consent and Letter of Transmittal (which together, including
any amendments, modifications or supplements thereto, constitute the “Tender Offer”); and

     WHEREAS, (1) the Company has received the consent of the Holders of a majority in principal
amount of the outstanding Notes, all as certified by an Officers’ Certificate delivered to the
Trustee simultaneously with the execution and delivery of this Supplemental Indenture, (2) the
Company has delivered to the Trustee simultaneously with the execution and delivery of this
Supplemental Indenture an Opinion of Counsel relating to this Supplemental Indenture as
contemplated by Section 9.06 of the Indenture and (3) the Issuers and the Guarantors have satisfied
all other conditions required under Article 9 of the Indenture to enable the Issuers, the
Guarantors and the Trustee to enter into this Supplemental Indenture.

     NOW, THEREFORE, in consideration of the above premises, each party hereby agrees, for the
benefit of the others and for the equal and ratable benefit of the Holders of the Notes, as
follows:

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ARTICLE I

AMENDMENTS TO INDENTURE AND NOTES

     Section 1.1 Amendments to Articles 3, 4, 5 and 6. The Indenture is hereby amended by
deleting the following Sections or clauses of the Indenture and all references and definitions
related thereto in their entirety:

Section 3.09 (Offer to Purchase by Application of Excess Proceeds);

Clauses (a) — (c) of Section 4.03 (Reports), excluding the last sentence of clause (a) thereof;

Section 4.04(c) (Compliance Certificate);

Section 4.05 (Taxes);

Section 4.06 (Stay, Extension and Usury Laws);

Section 4.07 (Limitation on Restricted Payments);

Section 4.08 (Limitation on Dividend and Other Payment Restrictions Affecting Subsidiaries);

Section 4.09 (Limitation on Incurrence of Indebtedness and Issuance of Preferred Stock);

Section 4.10 (Limitation on Asset Sales);

Section 4.11 (Limitation on Transactions with Affiliates);

Section 4.12 (Limitation on Liens);

Section 4.13 (Additional Subsidiary Guarantees);

Section 4.14 (Corporate Existence);

Section 4.15 (Offer to Repurchase Upon Change of Control);

Section 4.16 (No Inducements);

Section 4.17 (Permitted Business Activities);

Section 4.18 (Sale and Leaseback Transactions);

Section 4.20 (Designation of Restricted and Unrestricted Subsidiaries);

Clauses (c) and (d) of Section 5.01(a) (Merger, Consolidation, or Sale of Assets); and

Clauses (f) and (g) Section 6.01(a) (Events of Default).

     Section 1.2 Amendments to Notes. The Notes are hereby amended to delete all
provisions inconsistent with the amendments to the Indenture effected by this Supplemental
Indenture.

ARTICLE II

MISCELLANEOUS PROVISIONS

     Section 2.1 Defined Terms. For all purposes of this Supplemental Indenture, except as
otherwise defined or unless the context otherwise requires, terms used in capitalized form in this
Supplemental Indenture and defined in the Indenture have the meanings specified in the Indenture.

     Section 2.2 Indenture. Except as amended hereby, the Indenture and the Notes are in
all respects ratified and confirmed and all the terms shall remain in full force and effect. This
Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of
Notes heretofore or hereafter authenticated and delivered under the Indenture shall be bound

3

 

hereby and all terms and conditions of both shall be read together as though they constitute a
single instrument, except that in the case of conflict the provisions of this Supplemental
Indenture shall control.

     Section 2.3 Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

     Section 2.4 Successors. All agreements of the Issuers and the Guarantors in this
Supplemental Indenture and the Notes shall bind their respective successors. All agreements of the
Trustee in this Supplemental Indenture shall bind its successors.

     Section 2.5 Duplicate Originals. All parties may sign any number of copies of this
Supplemental Indenture. Each signed copy shall be an original, but all of them together shall
represent the same agreement. It is the express intent of the parties to be bound by the exchange
of signatures on this Supplemental Indenture via telecopy or other form of electronic transmission.

     Section 2.6 Severability. In case any one or more of the provisions in this
Supplemental Indenture or in the Notes shall be held invalid, illegal or unenforceable, in any
respect for any reason, the validity, legality and enforceability of any such provision in every
other respect and of the remaining provisions shall not in any way be affected or impaired thereby,
it being intended that all of the provisions hereof shall be enforceable to the full extent
permitted by law.

     Section 2.7 Trustee Disclaimer. The Trustee accepts the amendments of the Indenture
effected by this Supplemental Indenture and agrees to execute the trust created by the Indenture as
hereby amended, but on the terms and conditions set forth in the Indenture, including the terms and
provisions defining and limiting the liabilities and responsibilities of the Trustee, which terms
and provisions shall in like manner define and limit its liabilities and responsibilities in the
performance of the trust created by the Indenture as hereby amended, and without limiting the
generality of the foregoing, the Trustee shall not be responsible in any manner whatsoever for or
with respect to any of the recitals or statements contained herein, all of which recitals or
statements are made solely by the Issuers and the Guarantors, and the Trustee makes no
representation with respect to any such matters. Additionally, the Trustee makes no
representations as to the validity or sufficiency of this Supplemental Indenture.

     Section 2.8 Effectiveness. The provisions of this Supplemental Indenture shall be
effective only upon execution and delivery of this instrument by the parties hereto.
Notwithstanding the foregoing sentence, the provisions of this Supplemental Indenture shall become
operative only upon the purchase by the Company, pursuant to the Tender Offer, of a majority in
principal amount of the outstanding Notes, with the result that the amendments to the Indenture
effected by this Supplemental Indenture shall be deemed to be revoked retroactive to the date
hereof if such purchase shall not occur. The Company shall notify the Trustee promptly after the
occurrence of such purchase or promptly after the Company shall determine that such purchase will
not occur.

4

 

     Section 2.9 Endorsement and Change of Form of Notes. Any Notes authenticated and
delivered after the close of business on the date that this Supplemental Indenture becomes
operative in substitution for Notes then outstanding and all Notes presented or delivered to the
Trustee on and after that date for such purpose shall be stamped, imprinted or otherwise legended
by the Company, with a notation as follows:

“Effective as of April 5, 2011, certain restrictive covenants of the Company and certain Events of
Default have been eliminated or limited, as provided in the Fourth Supplemental Indenture, dated as
of April 5, 2011. Reference is hereby made to such Fourth Supplemental Indenture, copies of which
are on file with the Trustee, for a description of the amendments made therein.”

     Section 2.10 Effect of Headings. The Section headings herein are for convenience only
and shall not affect the construction thereof.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

5

 

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

	 	 	 	 	 
	 	COPANO ENERGY, L.L.C.

 	 
	 	By:  	/s/ Carl A. Luna
 	 
	 	 	Carl A. Luna 	 
	 	 	Senior Vice President and Chief Financial Officer 	 
	 
	 	COPANO ENERGY FINANCE CORPORATION

 	 
	 	By:  	/s/ Carl A. Luna
 	 
	 	 	Carl A. Luna 	 
	 	 	Senior Vice President and Chief Financial Officer 	 
	 

[SIGNATURE PAGE CONTINUED ON NEXT PAGE]

Signature Page to

Fourth Supplemental Indenture — 8.125% Senior Notes due 2016

 

 

	 	 	 	 	 
	 	GUARANTORS:

ACP TEXAS, L.L.C.

ALAMO CREEK PROPERTIES, L.L.C.

CANTERA GAS COMPANY LLC

CMW ENERGY SERVICES, L.L.C.

COPANO EAGLE FORD LLC

COPANO ENERGY SERVICES (TEXAS) GP, L.L.C.

COPANO ENERGY SERVICES GP, L.L.C.

COPANO ENERGY/MID-CONTINENT, L.L.C.

COPANO ENERGY/ROCKY MOUNTAINS, L.L.C.

COPANO FIELD FACILITIES/ROCKY MOUNTAINS, LLC

COPANO FIELD SERVICES GP, L.L.C.

COPANO FIELD SERVICES/CENTRAL GULF COAST GP, L.L.C.

COPANO FIELD SERVICES/NORTH TEXAS, L.L.C.

COPANO FIELD SERVICES/ROCKY MOUNTAINS, LLC

COPANO LIBERTY, LLC

COPANO NATURAL GAS/ROCKY MOUNTAINS, LLC

COPANO NGL SERVICES (MARKHAM), L.L.C.

COPANO NGL SERVICES GP, L.L.C.

COPANO PIPELINES (TEXAS) GP, L.L.C.

COPANO PIPELINES GP, L.L.C.

COPANO PIPELINES/NORTH TEXAS, L.L.C.

COPANO PIPELINES/ROCKY MOUNTAINS, LLC

COPANO PIPELINES/VICTORIA, L.L.C.

COPANO PROCESSING GP, L.L.C.

COPANO PROCESSING/LOUISIANA, LLC

COPANO/RED RIVER GATHERING GP, L.L.C.

COPANO/WEBB-DUVAL PIPELINE GP, L.L.C.

CPNO SERVICES GP, L.L.C.

ESTES COVE FACILITIES, L.L.C.

GREENWOOD GATHERING, L.L.C.

NUECES GATHERING, L.L.C.

RIVER VIEW PIPELINES, L.L.C.

SCISSORTAIL ENERGY, LLC

 	 
	 	By:  	           /s/ Carl A. Luna
 	 
	 	 	Carl A. Luna 	 
	 	 	Senior Vice President and Chief Financial Officer 	 
	 

[SIGNATURE PAGE CONTINUED ON NEXT PAGE]

Signature Page to

Fourth Supplemental Indenture — 8.125% Senior Notes due 2016

 

 

	 	 	 	 	 
	 	COPANO PROCESSING, L.P.

By: Copano Processing GP, L.L.C,

       its general partner

 	 
	 	By:  	/s/ Carl A. Luna
 	 
	 	 	Carl A. Luna 	 
	 	 	Senior Vice President and Chief Financial Officer 	 
	 
	 	COPANO NGL SERVICES, L.P.

By: Copano NGL Services GP, L.L.C.,

       its general partner

 	 
	 	By:  	/s/ Carl A. Luna
 	 
	 	 	Carl A. Luna 	 
	 	 	Senior Vice President and Chief Financial Officer 	 

	 	 	 	 	 
	 	CHC LP HOLDINGS, L.L.C.

COPANO HOUSTON CENTRAL, L.L.C.

COPANO PIPELINES GROUP, L.L.C.

COPANO/RED RIVER GATHERING LP HOLDINGS, L.L.C.

CPG LP HOLDINGS, L.L.C.

CPNO SERVICES LP HOLDINGS, L.L.C.

CWDPL LP HOLDINGS, L.L.C.

 	 
	 	By:  	/s/ Carl A. Luna
 	 
	 	 	Carl A. Luna 	 
	 	 	Senior Vice President and Chief Financial Officer 	 
	 
	 	COPANO GENERAL PARTNERS, INC.

 	 
	 	By:  	/s/ Carl A. Luna
 	 
	 	 	Carl A. Luna 	 
	 	 	Senior Vice President and Chief Financial Officer 	 
	 

[SIGNATURE PAGE CONTINUED ON NEXT PAGE]

Signature Page to

Fourth Supplemental Indenture — 8.125% Senior Notes due 2016

 

 

	 	 	 	 	 
	 	COPANO FIELD SERVICES/AGUA DULCE, L.P.

COPANO FIELD SERVICES/COPANO BAY, L.P.

COPANO FIELD SERVICES/KARNES, L.P.

COPANO FIELD SERVICES/LIVE OAK, L.P.

COPANO FIELD SERVICES/SOUTH TEXAS, L.P.

COPANO FIELD SERVICES/UPPER GULF COAST, L.P.

By: Copano Field Services GP, L.L.C.,

       its general partner

 	 
	 	By:  	/s/ Carl A. Luna
 	 
	 	 	Carl A. Luna 	 
	 	 	Senior Vice President and Chief Financial Officer 	 
	 
	 	COPANO PIPELINES/HEBBRONVILLE, L.P.

COPANO PIPELINES/SOUTH TEXAS, L.P.

COPANO PIPELINES/UPPER GULF COAST, L.P.

By: Copano Pipelines GP, L.L.C.,

       its general partner

 	 
	 	By:  	/s/ Carl A. Luna
 	 
	 	 	Carl A. Luna 	 
	 	 	Senior Vice President and Chief Financial Officer 	 
	 
	 	COPANO PIPELINES/TEXAS GULF COAST, L.P.

By: Copano Pipelines (Texas) GP, L.L.C.,

       its general partner

 	 
	 	By:  	/s/ Carl A. Luna
 	 
	 	 	Carl A. Luna 	 
	 	 	Senior Vice President and Chief Financial Officer 	 
	 

[SIGNATURE PAGE CONTINUED ON NEXT PAGE]

Signature Page to

Fourth Supplemental Indenture — 8.125% Senior Notes due 2016

 

 

	 	 	 	 	 
	 	COPANO FIELD SERVICES/CENTRAL GULF COAST, L.P.

By: Copano Field Services/Central Gulf Coast GP, L.L.C.,

       its general partner

 	 
	 	By:  	/s/ Carl A. Luna
 	 
	 	 	Carl A. Luna 	 
	 	 	Senior Vice President and Chief Financial Officer 	 
	 
	 	COPANO ENERGY SERVICES/UPPER GULF COAST, L.P.

By: Copano Energy Services GP, L.L.C.,

       its general partner

 	 
	 	By:  	/s/ Carl A. Luna
 	 
	 	 	Carl A. Luna 	 
	 	 	Senior Vice President and Chief Financial Officer 	 
	 
	 	COPANO ENERGY SERVICES/TEXAS GULF COAST, L.P.

By: Copano Energy
Services (Texas) GP, L.L.C.,

       its general partner

 	 
	 	By:  	/s/ Carl A. Luna
 	 
	 	 	Carl A. Luna 	 
	 	 	Senior Vice President and Chief Financial Officer 	 
	 

[SIGNATURE PAGE CONTINUED ON NEXT PAGE]

Signature Page to

Fourth Supplemental Indenture — 8.125% Senior Notes due 2016

 

 

	 	 	 	 	 
	 	COPANO/WEBB-DUVAL PIPELINE, L.P.

By: Copano/Webb-Duval Pipeline GP, L.L.C.,

       its general partner

 	 
	 	By:  	/s/ Carl A. Luna
 	 
	 	 	Carl A. Luna 	 
	 	 	Senior Vice President and Chief Financial Officer 	 
	 
	 	COPANO RISK MANAGEMENT, L.P.

CPNO SERVICES, L.P.

By: CPNO Services GP, L.L.C.,

       its general partner

 	 
	 	By:  	/s/ Carl A. Luna
 	 
	 	 	Carl A. Luna 	 
	 	 	Senior Vice President and Chief Financial Officer 	 
	 
	 	CIMMARRON GATHERING, LP

By: Copano/Red River Gathering GP, L.L.C.

       its general partner

 	 
	 	By:  	/s/ Carl A. Luna
 	 
	 	 	Carl A. Luna 	 
	 	 	Senior Vice President and Chief Financial Officer 	 
	 

[SIGNATURE PAGE CONTINUED ON NEXT PAGE]

Signature Page to

Fourth Supplemental Indenture — 8.125% Senior Notes due 2016

 

 

	 	 	 	 	 
	 	TRUSTEE:

U.S. BANK NATIONAL ASSOCIATION,

as Trustee

 	 
	 	By:  	/s/ Israel Lugo
 	 
	 	 	Israel Lugo 	 
	 	 	Vice President 	 
	 

Signature Page to

Fourth Supplemental Indenture — 8.125% Senior Notes due 2016

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