Exhibit 4.12
CHESAPEAKE ENERGY CORPORATION
and
the Subsidiary Guarantors named herein
6.875% SENIOR NOTES DUE 2018,
6.625% SENIOR NOTES DUE 2020,
AND
6.125% SENIOR NOTES DUE 2021
EIGHTH SUPPLEMENTAL INDENTURE
DATED AS OF FEBRUARY 10, 2012
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
as Trustee
THIS EIGHTH SUPPLEMENTAL INDENTURE, dated as of February 10, 2012, is among Chesapeake Energy Corporation, an Oklahoma corporation (the “Company”), each of the parties identified under the caption “Subsidiary Guarantors” on the signature page hereto (the “Subsidiary Guarantors”) and The Bank of New York Mellon Trust Company, N.A., as Trustee.
RECITALS
WHEREAS, the Company, the Subsidiary Guarantors a party thereto, and the Trustee entered into an Indenture, dated as of August 2, 2010, as supplemented prior to the date hereof (the “Indenture”), pursuant to which the Company has originally issued $600,000,000 in principal amount of 6.875% Senior Notes due 2018, $1,400,000,000 in principal amount of 6.625% Senior Notes due 2020, and $1,000,000,000 in principal amount of 6.125% Senior Notes due 2021 (the “Notes”);
WHEREAS, Section 9.01(7) of the Indenture provides that the Company, the Subsidiary Guarantors and the Trustee may amend or supplement the Indenture without notice to or consent of any Holder to reflect the release or addition of any Subsidiary Guarantor, as provided for in the Indenture;
WHEREAS, LA Land Acquisition Corporation, a Delaware corporation, has merged with and into a Subsidiary Guarantor in accordance with Section 10.02 of the Indenture, and pursuant to Section 10.02 LA Land Acquisition Corporation is released and relieved of any obligation under its Guarantee, and the Company has taken all actions required to effect the release, pursuant to Sections 10.02 and 10.05 of the Indenture;
WHEREAS, Chesapeake NG Ventures Corporation, an Oklahoma corporation, has guaranteed other Indebtedness of the Company or a Subsidiary Guarantor in excess of a De Minimis Guaranteed Amount, and as a result, the Company is obligated under the Indenture to cause Chesapeake NG Ventures Corporation to become a Subsidiary Guarantor of the Company; and
WHEREAS, all acts and things prescribed by the Indenture, by law and by the charter and the bylaws (or comparable constituent documents) of the Company, of the Subsidiary Guarantors and of the Trustee necessary to make this Eighth Supplemental Indenture a valid instrument legally binding on the Company, the Subsidiary Guarantors and the Trustee, in accordance with its terms, have been duly done and performed;
NOW, THEREFORE, to comply with the provisions of the Indenture and in consideration of the above premises, the Company, the Subsidiary Guarantors and the Trustee covenant and agree for the equal and proportionate benefit of the respective Holders of the Notes as follows:
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ARTICLE 1
Section 1.01. This Eighth Supplemental Indenture is supplemental to the Indenture and does and shall be deemed to form a part of, and shall be construed in connection with and as part of, the Indenture for any and all purposes.
Section 1.02. This Eighth Supplemental Indenture shall become effective immediately upon its execution and delivery by each of the Company, the Subsidiary Guarantors and the Trustee.
ARTICLE 2
Section 2.01. As a result of the merger of LA Land Acquisition Corporation with and into a Subsidiary Guarantor, which constitutes a merger under Section 10.02 of the Indenture, LA Land Acquisition Corporation has for all purposes been released as a Subsidiary Guarantor from all of its Guarantee and related obligations in the Indenture, pursuant to Section 10.05 of the Indenture. The notation on the Securities relating to the Guarantee shall be deemed to exclude the name of LA Land Acquisition Corporation and the signature of an Officer of LA Land Acquisition Corporation on its behalf.
Section 2.02. From this date, in accordance with Section 10.03 of the Indenture and by executing this Eighth Supplemental Indenture, Chesapeake NG Ventures Corporation is subject to the provisions of the Indenture as a Subsidiary Guarantor to the extent provided for in Article Ten thereunder.
ARTICLE 3
Section 3.01. Except as specifically modified herein, the Indenture and the Notes are in all respects ratified and confirmed (mutatis mutandis) and shall remain in full force and effect in accordance with their terms with all capitalized terms used herein without definition having the same respective meanings ascribed to them as in the Indenture.
Section 3.02. Except as otherwise expressly provided herein, no duties, responsibilities or liabilities are assumed, or shall be construed to be assumed, by the Trustee by reason of this Eighth Supplemental Indenture. This Eighth Supplemental Indenture is executed and accepted by the Trustee subject to all the terms and conditions set forth in the Indenture with the same force and effect as if those terms and conditions were repeated at length herein and made applicable to the Trustee with respect hereto. The Trustee makes no representations as to the validity or sufficiency of this Eighth Supplemental Indenture. The recitals and statements herein are deemed to be those of the Company and the Subsidiary Guarantors and not of the Trustee.
Section 3.03. THE LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE AND ENFORCE THIS EIGHTH SUPPLEMENTAL INDENTURE.
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Section 3.04. The parties may sign any number of copies of this Eighth Supplemental Indenture. Each signed copy shall be an original, but all of such executed copies together shall represent the same agreement.
[SIGNATURE PAGES FOLLOW]
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IN WITNESS WHEREOF, the parties hereto have caused this Eighth Supplemental Indenture to be duly executed, all as of the date first written above.
/s/ JENNIFER M. GRIGSBY |
| Jennifer M. Grigsby |
Senior Vice President, Treasurer & Corporate Secretary of the Company and of the Subsidiaries listed below: |
| Corporate Subsidiaries: |
CHESAPEAKE E&P HOLDING CORPORATION |
CHESAPEAKE ENERGY LOUISIANA CORPORATION |
CHESAPEAKE ENERGY MARKETING, INC |
CHESAPEAKE NG VENTURES CORPORATION |
CHK HOLDINGS CORPORATION |
WINTER MOON ENERGY CORPORATION |
CHESAPEAKE OPERATING, INC., |
On behalf of itself, and as general partner of the following limited partnership: |
CHESAPEAKE LOUISIANA, L.P. |
| Limited Liability Company Subsidiaries: |
CHESAPEAKE AEZ EXPLORATION, L.L.C. |
CHESAPEAKE APPALACHIA, L.L.C. |
CHESAPEAKE-CLEMENTS ACQUISITION, L.L.C. |
CHESAPEAKE EXPLORATION, L.L.C. |
CHESAPEAKE LAND DEVELOPMENT COMPANY, L.L.C. |
CHESAPEAKE PLAZA, L.L.C. |
CHESAPEAKE ROYALTY, L.L.C. |
CHESAPEAKE VRT, L.L.C. |
EMPRESS, L.L.C. |
GOTHIC PRODUCTION, L.L.C. |
MC LOUISIANA MINERALS, L.L.C. |
MC MINERAL COMPANY, L.L.C. |
MIDCON COMPRESSION, L.L.C. |
MKR HOLDINGS, L.L.C. |
NORTHERN MICHIGAN EXPLORATION COMPANY, L.L.C. |
VENTURA, LLC |
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EMLP, L.L.C. |
On behalf of itself, and as general partner of the following limited partnership: |
EMPRESS LOUISIANA PROPERTIES, L.P. |
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| TRUSTEE: | ||
| THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee | ||
| By: | /s/ LINDA GARCIA | |
| Name: | Linda Garcia | |
| Title: | Vice President |
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