EX-4.16.1 7 h93218ex4-16_1.txt FIRST SUPPLEMENTAL INDENTURE EXHIBIT 4.16.1 =============================================================================== CHESAPEAKE ENERGY CORPORATION and the Subsidiary Guarantors named herein ---------------------------------------- 8.375% SENIOR NOTES DUE 2008 ---------------------------------------- ------------------- FIRST SUPPLEMENTAL INDENTURE DATED AS OF December 17, 2001 ------------------- THE BANK OF NEW YORK as Trustee ------------------- =============================================================================== THIS FIRST SUPPLEMENTAL INDENTURE, dated as of December 17, 2001, 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, as Trustee. RECITALS WHEREAS, the Company, the Subsidiary Guarantors a party thereto and the Trustee entered into an Indenture, dated as of November 5, 2001 (the "Indenture"), pursuant to which the Company has originally issued $250,000,000 in principal amount of 8.375% Senior Notes due 2008 (the "Notes"); and WHEREAS, Section 9.01(3) 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 addition or release of any Subsidiary Guarantor, as provided for in the Indenture; and WHEREAS, the Board of Directors of the Company has designated Carmen Acquisition Corp. as a Restricted Subsidiary of the Company and to add such entity as a Subsidiary Guarantor under the Indenture; 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 First 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: ARTICLE 1 Section 1.01. This First 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 First Supplemental Indenture shall become effective immediately upon its execution and delivery by each of the Company, the Subsidiary Guarantors and the Trustee. ARTICLE 2 From this date, in accordance with Section 10.03 and by executing this First Supplemental Indenture, Carmen Acquisition Corp., an Oklahoma corporation, is subject to the provisions of the Indenture as a Subsidiary Guarantor to the extent provided for in Article Ten thereunder. FIRST SUPPLEMENTAL INDENTURE (8.375%) -2- ARTICLE 3 Section 3.01. As a result of the merger of Arkoma Pittsburg Holding Corporation, an Oklahoma corporation ("APHC"), with and into Chesapeake Exploration Limited Partnership, an Oklahoma limited partnership ("CELP"), which constitutes a merger with a Subsidiary Guarantor under Section 10.02(a) of the Indenture, APHC shall for all purposes be released as a Subsidiary Guarantor from all of its Guarantee and related obligations in the Indenture, pursuant to Section 10.04 of the Indenture. The notation on the Securities relating to the Guarantee shall be deemed to exclude the name of APHC and the signature of an Officer of APHC on its behalf. Section 3.02. As the surviving entity in its merger with APHC and as a Subsidiary Guarantor, CELP hereby agrees to assume all of the obligations of APHC. ARTICLE 4 Section 4.01. 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 4.02. 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 First Supplemental Indenture. This First 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. Section 4.03. The Company hereby notifies the Trustee that Carmen Acquisition Corp. has been designated by the Board of Directors of the Company as a Restricted Subsidiary (as that term is defined in the Indenture). Section 4.04. THE LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE AND ENFORCE THIS FIRST SUPPLEMENTAL INDENTURE. Section 4.05. The parties may sign any number of copies of this First Supplemental Indenture. Each signed copy shall be an original, but all of such executed copies together shall represent the same agreement. [NEXT PAGE IS SIGNATURE PAGE] FIRST SUPPLEMENTAL INDENTURE (8.375%) -3- IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be duly executed, all as of the date first written above. COMPANY: CHESAPEAKE ENERGY CORPORATION By /s/ AUBREY K. MCCLENDON ----------------------------------------- Name: Aubrey K. McClendon ---------------------------------- Title: Chief Executive Officer ---------------------------------- SUBSIDIARY GUARANTORS: CARMEN ACQUISITION CORP. CHESAPEAKE ACQUISITION CORPORATION CHESAPEAKE ENERGY LOUISIANA CORPORATION CHESAPEAKE MOUNTAIN FRONT CORP. CHESAPEAKE OPERATING, INC. CHESAPEAKE ROYALTY COMPANY GOTHIC ENERGY CORPORATION GOTHIC PRODUCTION CORPORATION NOMAC DRILLING CORPORATION SAP ACQUISITION CORP. THE AMES COMPANY, INC. By /s/ AUBREY K. MCCLENDON ----------------------------------------- Name: Aubrey K. McClendon ---------------------------------- Title: Chief Executive Officer ---------------------------------- FIRST SUPPLEMENTAL INDENTURE (8.375%) -4- CHESAPEAKE EXPLORATION LIMITED PARTNERSHIP CHESAPEAKE LOUISIANA, L.P. CHESAPEAKE PANHANDLE LIMITED PARTNERSHIP CHESAPEAKE-STAGHORN ACQUISITION L.P. By: Chesapeake Operating, Inc. as general partner of each representative entity By /s/ AUBREY K. MCCLENDON ----------------------------------- Name: Aubrey K. McClendon ----------------------------- Title: Chief Executive Officer ----------------------------- TRUSTEE: THE BANK OF NEW YORK, as Trustee By /s/ LOUIS P. YOUNG ---------------------------------------- Name: Louis P. Young ---------------------------------- Title: Vice President ---------------------------------- FIRST SUPPLEMENTAL INDENTURE (8.375%) -5-