Document:

10.2

Exhibit 10.2

SUBSCRIPTION AGREEMENT

GLOBAL GSM SOLUTIONS INC.

Global GSM Solution Inc., a Nevada corporation (hereinafter the "Company") and the undersigned (hereinafter the “Subscriber”) agree as follows:

WHEREAS:

A.   The Company desires to issue a maximum of 3,000,000 shares of Common Stock of the Company at a price of $0.02 per share (hereinafter the "Shares"); and

B.   Subscriber desires to acquire the number of Shares set forth on the signature page hereof.

NOW, THEREFORE, for and in consideration of the premises and the mutual covenants hereinafter set-forth, the parties hereto do hereby agree as follows:

SUBSCRIPTION FOR SHARES

1.1 Subject to the terms and conditions hereinafter set-forth, the Subscriber hereby subscribes for and agrees to purchase from the Company such number of Shares as is set-forth upon the signature page hereof at a price equal to $0.02 per share, and the Company agrees to sell such Shares to Subscriber for said purchase price.  Upon execution, this subscription shall be irrevocable by Subscriber.

1.2 The purchase price for the Shares subscribed to hereunder is payable by the Subscriber contemporaneously with the execution and delivery of this Subscription Agreement to Global GSM Solution Inc. or such other place as the Company shall designate in writing.  Payment can be made either by submitting a personal check, cashier’s check or money order or by such other consideration that the board deems advisable in its discretion (e.g., promissory note), for the full purchase price of $0.02 per Share with the executed Subscription Agreement.  Payments shall be made payable to “Global GSM Solution Inc.”

REPRESENTATIONS AND WARRANTIES BY SUBSCRIBER

2.1 Subscriber hereby severally represents and warrants to the Company the following:

(A) Subscriber recognizes that the purchase of Shares subscribed to herein involves a high degree of risk in that the Company has only recently been incorporated and may require substantial funds; 

(B) an investment in the Company is highly speculative and only investors who can afford the loss of their entire investment should consider investing in the Company and the Shares;

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(C) Subscriber has such knowledge and experience in finance, securities, investments, including investment in non-listed and non registered securities, and other business matters so as to be able to protect its interests in connection with this transaction;

(D) Subscriber acknowledges that no market for the Shares presently exists and none may develop in the future and accordingly Subscriber may not be able to liquidate its investment;

(E) Subscriber hereby acknowledges receipt of a copy of the Prospectus relating to this offering and the Shares which is on file with the United States Securities and Exchange Commission ("SEC") and represents and warrants that, in making his investment in the Shares, he is not relying upon any representations by the Company or its representatives other than those contained in the Prospectus.

REPRESENTATIONS BY THE COMPANY

3.1  The Company represents and warrants to the Subscriber that:

(A) The Company is a corporation duly organized, existing and in good standing under the laws of the State of Nevada and has the corporate power to conduct the business which it conducts and proposes to conduct.

(B) Upon issue, the Shares will be duly and validly issued, fully paid and non-assessable common shares in the capital of the Company.

TERMS OF SUBSCRIPTION

4.1 Pending acceptance of this subscription by the Company, all funds paid hereunder shall be deposited by the Company and immediately available to the Company for its general corporate purposes.  

4.2  Subscriber hereby authorizes and directs the Company to deliver the securities to be issued to such Subscriber pursuant to this Subscription Agreement to Subscriber’s address indicated herein.

4.3 Notwithstanding the place where this Subscription Agreement may be executed by any of the parties hereto, the parties expressly agree that all the terms and provisions hereof shall be construed in accordance with and governed by the laws of the State of Nevada.                            

4.4  The parties agree to execute and deliver all such further documents, agreements and instruments and take such other and further action as may be necessary or appropriate to carry out the purposes and intent of this Subscription Agreement.

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IN WITNESS WHEREOF, this Subscription Agreement is executed as of the ___ day of ___________, 20___.

		
	

Number of Shares Subscribed For:

	__________________________________________

	

Signature of Subscriber:

	__________________________________________

	

Name of Subscriber:

	__________________________________________

	

Address of Subscriber:

	__________________________________________

	

Subscriber’s SS#:

	__________________________________________

ACCEPTED BY: GLOBAL GSM SOLUTIONS INC.

Signature of Authorized Signatory: __________________________________

Name of Authorized Signatory:  __________________________________

Date of Acceptance:     __________________________________

3exhibit4pnt1.htm

 

Exhibit 4.1

 

 

 

COMSTOCK RESOURCES, INC.,

COMSTOCK AIR MANAGEMENT, LLC

GUARANTORS

NAMED HEREIN

and

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

Trustee

_________________________

FIFTH SUPPLEMENTAL INDENTURE

dated as of April 30, 2010

to

INDENTURE

dated as of February 25, 2004

_________________________

6-7/8% Senior Notes due 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

  

  

THIS FIFTH 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 “Fifth 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 successor in interest to THE BANK OF NEW YORK 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 February 25, 2004 (the “Original Indenture”), as the same was amended and supplemented by that certain First Supplemental Indenture dated as of February 25, 2004 (the “First Supplemental Indenture”), and by that certain Second Supplemental Indenture dated as of March 11, 2004 (the “Second Supplemental Indenture”), and by that certain Third Supplemental Indenture dated July 16, 2004 (the “Third Supplemental Indenture”) and by that certain Fourth Supplemental Indenture dated May 20, 2005 (the “Fourth Supplemental Indenture,” and together with the Original Indenture, the First Supplemental Indenture, the Second Supplemental Indenture and the Third Supplemental Indenture, the “Indenture”), providing for the issuance by the Company from time to time, and the establishment of the terms of, the Company’s 6-7/8% Senior Notes due 2012;

 

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 First Supplemental 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 Fifth 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 Fifth 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 First Supplemental Indenture.

 

ARTICLE II

 

Section 2.1 Ratification of Indenture.  As supplemented by this Fifth Supplemental Indenture, the Indenture is in all respects ratified and confirmed, and the Indenture as supplemented by this Fifth 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 Fifth Supplemental Indenture by any provision of the Trust Indenture Act, such required provisions shall control.

 

Section 2.3 Counterparts.  This Fifth 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 Fifth 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]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

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IN WITNESS WHEREOF, the parties hereto have caused this Fifth 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]

 

 

 

 

 

 

 

 

 

 

 

 

  

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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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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