Supplemental Indenture to Senior Notes Indentures among Petrohawk Energy Corporation, FracHawk Services, LLC, Guarantors, and U.S. Bank Trust NA

Summary

This Supplemental Indenture, dated May 31, 2011, adds FracHawk Services, LLC as a new guarantor to existing senior notes issued by Petrohawk Energy Corporation. The agreement, also involving other existing guarantors and U.S. Bank Trust National Association as trustee, ensures that FracHawk Services, LLC guarantees the obligations under the senior notes, as required by the original indentures. The agreement is governed by New York law and does not alter the trustee’s responsibilities beyond those in the original indentures.

EX-4.24 2 a2204908zex-4_24.htm EX-4.24
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Exhibit 4.24

SUPPLEMENTAL INDENTURE

        THIS SUPPLEMENTAL INDENTURE (this "Supplemental Indenture"), dated as of May 31, 2011, among FracHawk Services, LLC, a Delaware limited liability Company (the "New Guarantor"), Petrohawk Energy Corporation, a Delaware corporation (the "Company"), the existing Guarantors (as defined in the Indentures referred to herein) and U.S. Bank Trust National Association, as trustee under the Indentures referred to herein (the "Trustee"). The New Guarantor and the existing Guarantors are sometimes referred to collectively herein as the "Guarantors", or individually as a "Guarantor."


W I T N E S S E T H

        WHEREAS, the Company and the existing Guarantors have heretofore executed and delivered to the Trustee indentures (the "Indentures" and each an "Indenture") described on Exhibit A hereto, relating to certain Senior Notes (the "Securities") of the Company;

        WHEREAS, Section 4.9 of each Indenture provides that if the Company or any of its Restricted Subsidiaries acquires or creates another Restricted Subsidiary (other than Foreign Subsidiaries) after the Issue Date, then the Company shall cause the newly acquired or created Restricted Subsidiary (i) to become a Guarantor by executing a supplemental indenture and (ii) to deliver an Opinion of Counsel to the Trustee as provided in such Section; and

        WHEREAS, pursuant to Section 9.1 of each Indenture, the Company, the Guarantors and the Trustee are authorized to execute and deliver this Supplemental Indenture to amend or supplement each Indenture without the consent of any Holder, with this Supplemental Indenture serving as the numbered supplemental indenture to each respective Indenture as set forth on Exhibit B hereto;

        NOW THEREFORE, to comply with the provisions of each Indenture and in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the New Guarantor, the other Guarantors, the Company and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Securities as follows:

            1.     CAPITALIZED TERMS.    Capitalized terms used herein without definition shall have the meanings assigned to them in the Indentures.

            2.     AGREEMENT TO GUARANTEE.    The New Guarantor hereby agrees, jointly and severally, with all other Guarantors, to unconditionally Guarantee to each Holder and to the Trustee the Obligations, to the extent set forth in the Indentures and subject to the provisions in the Indentures. The obligations of the Guarantors to the Holders of Securities and to the Trustee pursuant to the Subsidiary Guarantees and the Indentures are expressly set forth in Article X of each Indenture and reference is hereby made to each Indenture for the precise terms of the Subsidiary Guarantees.

            3.     EXECUTION AND DELIVERY.    The New Guarantor agrees that its Subsidiary Guarantee shall remain in full force and effect notwithstanding any failure to endorse on each Security a notation of such Subsidiary Guarantee.

            4.     NEW YORK LAW TO GOVERN.    THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE AND ENFORCE THIS SUPPLEMENTAL INDENTURE.

            5.     COUNTERPARTS.    The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. This Supplemental Indenture may be executed in multiple counterparts which, when taken together, shall constitute one instrument.

            6.     EFFECT OF HEADINGS.    The Section headings herein are for convenience only and shall not affect the construction hereof.


            7.     THE TRUSTEE.    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 Supplemental Indenture. This Supplemental Indenture is executed and accepted by the Trustee subject to all the terms and conditions set forth in the Indentures 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.

[Remainder of Page Intentionally Left Blank; Signature Page Follows]


        IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and attested, all as of the date first above written.

 

PETROHAWK ENERGY CORPORATION

 

HK TRANSPORTATION, LLC

 

PETROHAWK HOLDINGS, LLC

 

P-H ENERGY, LLC

 

PETROHAWK OPERATING COMPANY

 

HAWK FIELD SERVICES, L.L.C.

 

WINWELL RESOURCES, L.L.C.

 

WSF, INC.

 

KCS RESOURCES, LLC

 

KCS ENERGY SERVICES, INC.

 

MEDALLION CALIFORNIA PROPERTIES COMPANY

 

ONE TEC, LLC

 

ONE TEC OPERATING, LLC

 

BIG HAWK SERVICES, LLC



 


By:


 

/s/ DAVID S. ELKOURI

David S. Elkouri
Executive Vice President—General Counsel and Secretary

 

HK ENERGY MARKETING, LLC

 

FRACHAWK SERVICES, LLC



 


By:


 

/s/ DAVID S. ELKOURI

David S. Elkouri
Secretary

 

PETROHAWK PROPERTIES, LP



 


By:


 

P-H Energy, LLC
Its General Partner



 


By:


 

/s/ DAVID S. ELKOURI

David S. Elkouri
Executive Vice President—General Counsel and Secretary

SIGNATURE PAGE TO SUPPLEMENTAL INDENTURE


        IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and attested, all as of the date first above written.

 

U.S. BANK TRUST NATIONAL ASSOCIATION, as Trustee



 


By:


 

/s/ STEVEN A. FINKLEA

 

Name:

  Steven A. Finklea, CCTS

 

Title:

  Vice President

SIGNATURE PAGE TO SUPPLEMENTAL INDENTURE



EXHIBIT A

Indentures

        Indenture, dated as of May 13, 2008, among the Company, the Guarantors named therein and the Trustee, relating to the 7.875% Senior Notes due 2015, as supplemented as of November 28, 2008, January 26, 2009, August 4, 2009 and June 30, 2010 (as amended, the "2008 Indenture").

        Indenture, dated as of January 27, 2009, among the Company, the Guarantors named therein and the Trustee, relating to the 10.5% Senior Notes due 2014, as supplemented as of August 4, 2009 and June 30, 2010 (as amended, the "2009 Indenture").

        Indenture, dated as of August 17, 2010, among the Company, the Guarantors named therein and the Trustee, relating to the 7.25% Senior Notes due 2018 (the "2010 Indenture").

A-1



EXHIBIT B

Numbered Supplemental Indentures

Fifth Supplemental Indenture to the 2008 Indenture.

Third Supplemental Indenture to the 2009 Indenture.

First Supplemental Indenture to the 2010 Indenture.

B-1




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    Exhibit 4.24
SUPPLEMENTAL INDENTURE
W I T N E S S E T H
EXHIBIT A
Indentures
EXHIBIT B
Numbered Supplemental Indentures