Document:

First Supplemental Indenture of Trust

 EXHIBIT 4.2 

  
 FIRST SUPPLEMENTAL INDENTURE
OF TRUST 
  
 by and among 

 
 EDUCATION FUNDING CAPITAL
TRUST-IV 
  
 and 
  
 U.S. BANK NATIONAL ASSOCIATION,

 as Indenture Trustee 
  
 and 
  
 FIFTH THIRD BANK, 
 as Trust Eligible Lender
Trustee 
  
 Dated as of May 1, 2004 
  

  

 FIRST SUPPLEMENTAL INDENTURE OF
TRUST 
  
 THIS FIRST
SUPPLEMENTAL INDENTURE OF TRUST (this “Supplemental Indenture”) dated as of May 1, 2004 is by and between EDUCATION FUNDING CAPITAL
TRUST-IV, a Delaware statutory trust (the “Issuer”), U.S. BANK NATIONAL ASSOCIATION, a national banking association organized under the laws of the United States of America, as
indenture trustee (the “Indenture Trustee”), and FIFTH THIRD BANK, a banking corporation organized under the laws of the State of Ohio, as Trust Eligible Lender Trustee (the “Trust Eligible
Lender Trustee”). All capitalized terms used in these preambles, recitals and granting clauses shall have the same meanings assigned thereto in the Indenture (defined below). 
  
 W I T N E S S E T H: 
  
 WHEREAS, the Issuer has previously entered into an Indenture of Trust dated as of May 1, 2004 (the “Indenture”) among the Issuer,
the Indenture Trustee and the Trust Eligible Lender Trustee; and 
  
 WHEREAS, pursuant to Section 7.01 of the Indenture, the Issuer desires to enter into this Supplemental Indenture to amend the Indenture as set forth herein; and 
  
 WHEREAS, the Indenture Trustee has agreed to accept the trusts herein created upon the terms herein set
forth; and 
  
 WHEREAS, the Issuer and Citibank,
N.A., New York (“Citibank”), have entered into that certain ISDA Master Agreement and its associated Schedule and Confirmation, each dated as of May 12, 2004 (collectively, the “Citibank Swap”); 
  
 NOW, THEREFORE, in consideration of the
foregoing, the parties hereto agree that the foregoing recitals are incorporated herein by reference and as follows: 
  
 Section 1. Until the termination of the Citibank Swap in accordance with its terms and the payment of all amounts due thereunder, Section 2.03 of the
Indenture is hereby amended to add the paragraph set forth below as a new fifth paragraph of Section 2.03. After the termination of the Citibank Swap and the payment of all amounts due thereunder, the amendments set forth in this Section 1 shall be
void and of no further force and effect. 
  
 Notwithstanding any provision of this Indenture to the contrary, including the definitions of “Noteholder” and “Obligations” and the usage of those terms throughout this Indenture, no Counterparty shall have any consent
rights, any voting rights, any rights to direct remedies upon the occurrence of an Event of Default, any rights to request the removal and replacement of the Indenture Trustee, or any similar rights granted hereunder to Noteholders or holders of
Obligations; provided, however, that each Counterparty shall have the right to consent to any amendment to the Indenture that materially and adversely affects the amount, timing, and priority of payments due to that Counterparty under the 

  

  
 First Supplemental
Indenture 

 
Indenture or that materially and adversely affects the Issuer’s ability to make payments due to that Counterparty under the Indenture. 
  
 Section 2. Until the termination of the Citibank Swap in accordance with its
terms and the payment of all amounts due thereunder, Section 8.13 of the Indenture is hereby deleted in its entirety. After the termination of the Citibank Swap and the payment of all amounts due thereunder, the amendments set forth in this Section
2 shall be void and of no further force and effect. 
  
 Section 3.
The provisions of the Indenture are hereby ratified, approved and confirmed, except as otherwise expressly modified by this Supplemental Indenture. 
  
 [remainder of page intentionally left blank; signature page follows] 
  

 2 
  
 First Supplemental Indenture 

 IN WITNESS WHEREOF, the Issuer, the Indenture Trustee, and
the Trust Eligible Lender Trustee have caused this Supplemental Indenture to be duly executed by their respective officers, thereunto duly authorized and duly attested, all as of the day and year first above written. 
  

			
	 EDUCATION FUNDING CAPITAL TRUST-IV,

					
	 	 	By U.S. Bank National Association, not in its individual capacity, but solely as Co-Owner Trustee on behalf of the Trust
			
	 	 	 By:
	 	/s/    DANIEL R. BLEY        
	 	 	 	 	

	 	 	 Name:
	 	Daniel R. Bley
	 	 	 Title:
	 	Vice President & Trust Officer

  

					
	 U.S. NATIONAL BANK, not in its individual capacity but solely as Indenture
Trustee

			
	 By:
	 	 	 	/s/    DANIEL R. BLEY        
	 	 	 	 	

	 	 	 Name:
	 	Daniel R. Bley
	 	 	 Title:
	 	Vice President & Trust Officer

  

					
	 FIFTH THIRD BANK, not in its individual capacity but solely as Trust Eligible Lender
Trustee

			
	By:	 	 	 	/s/    CRAIG W. TULEY        
	 	 	 	 	

	 	 	 Name:
	 	Craig W. Tuley
	 	 	 Title:
	 	Vice President

  

  
 First Supplemental
IndentureWarrant to Purchase Common Stock

 Exhibit 10.2 
  
 THIS WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE FEDERAL SECURITIES ACT OF 1933, AS AMENDED,
OR UNDER ANY APPLICABLE STATE SECURITIES LAWS, AND THEY CANNOT BE OFFERED FOR SALE, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE HYPOTHECATED EXCEPT IN ACCORDANCE WITH THE REGISTRATION REQUIREMENTS OF THE ACT AND SUCH STATE LAWS OR UPON DELIVERY TO THE
COMPANY OF AN OPINION OF LEGAL COUNSEL SATISFACTORY TO THE COMPANY THAT AN EXEMPTION FROM REGISTRATION IS AVAILABLE. 
  
 Warrant 
 to Purchase Common Stock 
 of 
 CHENIERE ENERGY, INC.

  
 This Warrant to Purchase Common Stock (this
“Warrant”) is issued April 16, 2003, by Cheniere Energy, Inc., a Delaware corporation (the “Company”), to Charif Souki (the “Holder”). 
  
 1. Issuance of Warrant; Term. The Company hereby grants to Holder, subject to the provisions hereinafter set forth,
the right to purchase Two Hundred Fifty Thousand (250,000) shares of common stock, $.003 par value per share, of the Company (the “Common Stock”). The shares of Common Stock issuable upon exercise of this Warrant are hereinafter referred
to as the “Shares.” This Warrant shall be exercisable at any time after April 15, 2004 and before 5:00 p.m. (Houston, Texas time) on April 16, 2008. 
  

2. Exercise Price. The exercise price per share for which all or any of the Shares may be purchased pursuant to the terms of this Warrant shall
be $2.50 (the “Exercise Price”), subject to adjustments as set forth in Section 6 below. 
  
 3. Exercise. 
  
 (a) This Warrant may be exercised by Holder, from time to time, in whole or in part, upon delivery of written notice of intent to the Company at the
address of the Company set forth underneath its signature below or such other address as the Company shall designate in written notice to Holder, together with this Warrant and payment (in the manner described in Section 3(b) below) for the
aggregate Exercise Price of the Shares so purchased. Upon exercise of this Warrant as aforesaid, the Company shall as promptly as practicable execute and deliver to Holder a certificate or certificates for the total number of whole Shares for which
this Warrant is being exercised in such names and denominations as are requested by Holder. If this Warrant shall be exercised with respect to less than all of the Shares, Holder shall be entitled to receive a new Warrant covering the number of
Shares in respect of which this Warrant shall not have been exercised, which new Warrant shall in all other respects be identical to this Warrant. 
  
 (b) Payment for the Shares to be purchased upon exercise of this Warrant may be made at the election of the Holder by the delivery of a certified or
cashier’s check payable to the Company for the aggregate Exercise Price of the Shares to be purchased. 

 4. Covenants and Conditions. The above provisions are subject to the following: 
  
 (a) Neither this Warrant nor the Shares have been registered under the
Securities Act of 1933, as amended (the “Act”), or any state securities laws (“Blue Sky Laws”). This Warrant and the Shares have been acquired by the Holder for investment purposes and not with a view to distribution or resale,
and the Shares may not be made subject to a security interest, pledged, hypothecated, sold or otherwise transferred without an effective registration statement therefor under the Act and such applicable Blue Sky Laws or an opinion of counsel (which
opinion and counsel rendering same shall be reasonably acceptable to the Company) that registration is not required under the Act and under any applicable Blue Sky Laws. The certificates representing the Shares shall bear substantially the following
legend: 
  
 THE SHARES OF STOCK REPRESENTED BY THIS CERTIFICATE
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT’), OR QUALIFIED UNDER ANY APPLICABLE STATE SECURITIES LAWS, BUT HAVE BEEN ACQUIRED FOR THE PRIVATE INVESTMENT OF THE HOLDER HEREOF AND MAY NOT BE OFFERED, SOLD
OR TRANSFERRED UNTIL (I) A REGISTRATION STATEMENT UNDER THE ACT OR SUCH APPLICABLE STATE SECURITIES LAWS SHALL HAVE BECOME EFFECTIVE WITH REGARD THERETO, OR (II) IN THE OPINION OF COUNSEL (WHICH OPINION AND COUNSEL SHALL BE REASONABLY SATISFACTORY
TO THE COMPANY) REGISTRATION UNDER THE ACT OR SUCH APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED IN CONNECTION WITH SUCH PROPOSED OFFER, SALE OR TRANSFER. 
  
 Other legends as required by applicable federal and state laws may be placed on such certificates. Holder and the Company agree to execute such documents
and instruments as counsel for the Company reasonably deems necessary to effect compliance of the issuance of this Warrant and any Shares issued upon exercise hereof with applicable federal and state securities laws. 
  
 (b) The Company covenants and agrees that all Shares which may be issued upon
exercise of this Warrant will, upon issuance and payment therefor, be legally and validly issued and outstanding, fully paid and nonassessable. 
  
 5. Warrantholder not Stockholder. This Warrant does not confer upon Holder any voting rights or other rights as a stockholder of the Company.

  
 6. Certain Adjustments. 
  
 6.1 Capital Reorganizations, Mergers, Consolidations or Sales of
Assets. If at any time there shall be a capital reorganization (other than a combination or subdivision of Common Stock otherwise provided for herein), a share exchange (subject to and duly approved by the stockholders of the Company) or a
merger or consolidation of the Company with or into another corporation, or the sale of the Company’s properties and assets as, or substantially as, an entirety to any other person, then, as a part of such reorganization, share exchange,
merger, 
  

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 consolidation or sale, lawful provision shall be made so that Holder shall thereafter be entitled to receive upon
exercise of this Warrant, during the period specified in this Warrant and upon payment of the Exercise Price, the number of shares of stock or other securities or property of the Company or the successor corporation resulting from such
reorganization, share exchange, merger, consolidation or sale, to which Holder would have been entitled under the provisions of the agreement in such reorganization, share exchange, merger, consolidation or sale if this Warrant had been exercised
immediately before that reorganization, share exchange, merger, consolidation or sale. In any such case, appropriate adjustment (as determined in good faith by the Company’s Board of Directors) shall be made in the application of the provisions
of this Warrant with respect to the rights and interests of Holder after the reorganization, share exchange, merger, consolidation or sale to the end that the provisions of this Warrant (including adjustment of the Exercise Price then in effect and
the number of the Shares) shall be applicable after that event, as near as reasonably may be, in relation to any shares or other property deliverable after that event upon exercise of this Warrant. 
  
 6.2 Splits and Subdivisions. If the Company at any time or from time
to time fixes a record date for the effectuation of a split or subdivision of the outstanding shares of Common Stock or the determination of the holders of Common Stock entitled to receive a dividend or other distribution payable in additional
shares of Common Stock or other securities or rights convertible into, or entitling the holder thereof to receive directly or indirectly, additional shares of Common Stock (hereinafter referred to as the “Common Stock Equivalents”) without
payment of any consideration by such holder for the additional shares of Common Stock or Common Stock Equivalents, then, as of such record date (or the date of such distribution, split or subdivision if no record date is fixed), the Exercise Price
shall (i) in the case of a split or subdivision, be appropriately decreased and the number of the Shares shall be appropriately increased in proportion to such increase of outstanding shares and (ii) in the case of a dividend or other distribution,
the holder of the Warrant shall have the right to acquire without additional consideration, upon exercise of the Warrant, such property or cash as would have been distributed in respect of the shares of Common Stock for which the Warrant was
exercisable had such shares of Common Stock been outstanding on the date of such distribution. 
  
 6.3 Combination of Shares. If the number of shares of Common Stock outstanding at any time after the date hereof is decreased by a combination or reverse stock split of the outstanding shares of Common Stock,
then the Exercise Price shall be appropriately increased and the number of the Shares shall be appropriately decreased in proportion to such decrease in outstanding shares. 
  
 6.4 Adjustments for Other Distributions. In the event the Company shall declare a distribution payable in securities
of other persons, evidences of indebtedness issued by the Company or other persons, assets (excluding cash dividends) or options or rights not referred to in Section 6.2, upon exercise of this Warrant, Holder shall be entitled to a proportionate
share of any such distribution as though Holder was the holder of the number of shares of Common Stock of the Company into which this Warrant may be exercised as of the record date fixed for the determination of the holders of Common Stock of the
Company entitled to receive such distribution. 
  

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 6.5 Certificate as to Adjustments. In the case of each adjustment or readjustment of the Exercise
Price pursuant to this Section 6, the Company will promptly compute such adjustment or readjustment in accordance with the terms hereof and cause a certificate setting forth such adjustment or readjustment and showing in detail the facts upon which
such adjustment or readjustment is based to be delivered to Holder. The Company will, upon the written request at any time of Holder, furnish or cause to be furnished to Holder a certificate setting forth: 
  
 (a) Such adjustment and readjustments; 
  
 (b) The Exercise Price at the time in effect; and 
  
 (c) The number of Shares and the amount, if any, of other property at the
time receivable upon the exercise of the Warrant. 
  
 6.6
Notices of Record Date, etc. In the event of: 
  
 (a) Any
taking by the Company of a record of the holders of any class of securities of the Company for the purpose of determining the holders thereof who are entitled to receive any dividends or other distribution, or any right to subscribe for, purchase or
otherwise acquire any shares of stock of any class or any other securities or property, or to receive any other right; or 
  
 (b) Any capital reorganization of the Company, any reclassification or recapitalization of the capital stock of the Company or any transfer of all or
substantially all of the assets of the Company to any other person or any consolidation, share exchange or merger involving the Company; or 
  
 (c) Any voluntary or involuntary dissolution, liquidation or winding up of the Company; 
  
 the Company will mail to Holder at least 20 days prior to the earliest of the foregoing dates, a notice specifying: 
  
 (i) The date on which any such record is to be taken for
the purpose of such dividend, distribution or right, and the amount and character of such dividend, distribution or right; or 
  
 (ii) The date on which any such reorganization, reclassification, transfer, consolidation, share exchange, merger, dissolution,
liquidation or winding up is expected to become effective and the record date for determining stockholders entitled to vote thereon. 
  
 7. Reservation of Common Stock. The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common
Stock, solely for the purpose of effecting the exercise of this Warrant, such number of its shares of Common Stock as shall from time to time be sufficient to effect the exercise of this Warrant, and if at any time the number of authorized but
unissued shares of Common Stock shall not be sufficient to effect the exercise of 
  

 4 

 the entire Warrant, in addition to such other remedies as shall be available to the holder of this Warrant, the Company
will use commercially reasonable efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such
purpose. 
  
 8. Split-Up, Combination and Exchange. Subject
to and limited by the provisions of Section 4(a) hereof, this Warrant may be split up, combined or exchanged for another Warrant or Warrants containing the same terms and entitling the Holder to purchase a like aggregate number of Shares. If the
Holder desires to split up, combine or exchange this Warrant, the Holder shall make such request in writing delivered to the Company and shall surrender to the Company this Warrant and any other Warrants to be so split up, combined or exchanged.
Upon any such surrender for a split-up, combination or exchange, the Company shall execute and deliver to the Holder a Warrant or Warrants, as the case may be, as so requested. The Company shall not be required to effect any split-up, combination or
exchange which will result in the issuance of a Warrant that would entitle the Holder to purchase upon exercise a fraction of a share of Common Stock or a fractional Warrant. The Company may require such Holder to pay a sum sufficient to cover any
tax or governmental charge that may be imposed in connection with any split-up, combination or exchange of Warrants. 
  
 9. Transfer Restrictions. This Warrant, and all rights hereunder, are not transferable, in whole or in part, to any person; provided,
however, that this Warrant may be transferred, in whole or in part, to a “family member” (as hereinafter defined) of the Holder. In no event may this Warrant or the Shares be transferred to a transferee that is not eligible to receive
a transfer of shares of Common Stock. As used herein, the term “family member” includes any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law,
son-in-law, daughter-in-law, brother-in-law, or sister-in-law of the Holder, including adoptive relationships, any person sharing the Holder’s household (other than a tenant or employee), a trust in which these persons have more than fifty
percent of the beneficial interest, a foundation in which these persons (or the Holder) control the management of assets, and any other entity in which these persons (or the Holder) own more than fifty percent of the voting interests. 
  
 10. Successors and Assigns. All of the covenants and provisions of
this Warrant shall bind and inure to the benefit of the Company’s successors and assigns, and the heirs, legatees, devisees, executors, administrators, personal and legal representatives, and successors and permitted assigns of Holder.

  

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 11. Governing Law; Submission to Jurisdiction and Venue. This Warrant shall be governed by and
construed in accordance with the laws, and not the laws of conflicts, of the State of Delaware. The Holder hereby consents and agrees to submit (i) to the jurisdiction of the District Court of the State of Texas located in Harris County or of the
United States District Court for the Southern District of Texas for any action or proceeding brought by the Company arising under this Warrant and (ii) to the venue of such action or proceeding in such courts. 
  

			
	 CHENIERE ENERGY, INC.

		
	 By: 
	 	 /s/ Don A. Turkleson 

	 Name:
	 	 Don A. Turkleson

	 Title:
	 	 Chief Financial Officer

  

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