SEC Info - Plains Exploration & Production Co - ‘10-K’ for 12/31/07

This Fourth Supplemental Indenture, dated as of November 14, 2007 (this “Supplemental Indenture”), among Laramie Land & Cattle Company, LLC, a Colorado limited liability company (the “New Subsidiary Guarantor”), Plains Exploration & Production Company, a Delaware corporation (together with its successors and assigns, the “Company”), the subsidiary guarantors party hereto (the “Guarantors”), and Wells Fargo Bank, N.A., a nationally chartered association, as Trustee (the “Trustee”) under the Indenture referred to below.

WHEREAS, the Company, the Guarantors and the Trustee have heretofore executed and delivered an Indenture (as amended, supplemented, waived or otherwise modified through the date hereof, the “Indenture”), dated as of March 13, 2007, as supplemented by a First Supplemental Indenture, dated as of March 13, 2007, providing for the issuance of 7% Senior Notes due 2017 of the Company (the “7% Notes”), by a Second Supplemental Indenture, dated as of June 5, 2007, providing for the addition of certain subsidiary guarantors, and by a Third Supplemental Indenture, dated as of June 19, 2007, providing for the issuance of 7³/4% Senior Notes due 2015 (the “7³/4 % Notes” and, together with the 7% Notes, the “Notes”) ;

WHEREAS, Section 10.17 of the Indenture provides that if any Domestic Restricted Subsidiary that is not a Guarantor is or becomes obligated under any Indebtedness pursuant to a Guarantee of Indebtedness of the Company or any Guarantor (other than the Notes), and the maximum principal amount of Indebtedness of such Domestic Restricted Subsidiary under such Guarantee exceeds $10.0 million, the Company shall cause that Domestic Restricted Subsidiary to Guarantee the Notes and become a Guarantor, pursuant to the Subsidiary Guarantee provisions of the Indenture, by executing a supplemental indenture and delivering it to the Trustee within 30 days after the date on which such Domestic Restricted Subsidiary Guaranteed such Indebtedness of the Company or a Guarantor; and

WHEREAS, pursuant to Section 9.1 of the Indenture, the Trustee, the Guarantors and the Company are authorized to execute and deliver this Supplemental Indenture to amend the Indenture, without the consent of any holder of the Notes.

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the New Subsidiary Guarantor, the Company, the Guarantors and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:

SECTION 1.1 Defined Terms. As used in this Supplemental Indenture, capitalized terms used, but not otherwise defined herein are used herein as defined in the Indenture. The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular section hereof.

SECTION 2.1 Agreement to be Bound. The New Subsidiary Guarantor hereby becomes a party to the Indenture, as a Guarantor and as such will have all of the rights and be subject to all of the obligations and agreements of a Guarantor under the Indenture. The New Subsidiary Guarantor agrees to be bound by all of the provisions of the Indenture applicable to a Guarantor and to perform all of the obligations and agreements of a Guarantor under the Indenture.

SECTION 3.1 Parties. Nothing expressed or mentioned herein is intended or shall be construed to give any Person, firm or corporation, other than the Holders and the Trustee, any legal or equitable right, remedy or claim under or in respect of this Supplemental Indenture or the Indenture or any provision herein or therein contained.

SECTION 3.2 Governing Law. This Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York.

SECTION 3.3 Severability Clause. In case any provision in this Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and such provision shall be ineffective only to the extent of such invalidity, illegality or unenforceability.

SECTION 3.4 Ratification of Indenture; Supplemental Indentures Part of Indenture. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes with respect to the Notes, and every Holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. The Trustee makes no representation or warranty as to the validity or sufficiency of this Supplemental Indenture.

SECTION 3.5 Counterparts. The parties hereto may sign one or more copies of this Supplemental Indenture in counterparts, all of which together shall constitute one and the same agreement.

SECTION 3.6 Headings. The headings of the Articles and the sections in this Supplemental Indenture are for convenience of reference only and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof.

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


THE GUARANTORS:

ARGUELLO INC.
BROWN PXP PROPERTIES, LLC
NUEVO GHANA INC.
NUEVO INTERNATIONAL INC.
NUEVO OFFSHORE COMPANY
NUEVO RESOURCES INC.
PACIFIC INTERSTATE OFFSHORE COMPANY
PLAINS ACQUISITION CORPORATION
PLAINS LOUISIANA INC.
PLAINS RESOURCES INC.
PLAINS RESOURCES INTERNATIONAL INC.
PXP BRUSH CREEK LLC
	By:	Plains Resources Inc., its sole member
PXP CV PIPELINE LLC
	By:	Plains Resources Inc., its sole member
PXP EAST PLATEAU LLC
	By:	Plains Resources Inc., its sole member
PXP GULF COAST INC.
PXP HELL’S GULCH LLC
	By:	Plains Resources Inc., its sole member
PXP LOUISIANA L.L.C.
	By:	Plains Louisiana Inc., its sole member
PXP PERMIAN INC.
PXP PICEANCE LLC
	By:	Plains Resources Inc., its sole member
PXP TEXAS INC.
PXP TEXAS LIMITED PARTNERSHIP
	By:	PXP Texas Inc., its general partner

By:	/s/ *Winston M. Talbert*
Name:	Winston M. Talbert
Title:	Vice President & Treasurer

PXP DEEPWATER L.L.C.
	By:	Plains Exploration & Production Company, its sole member


By:	/s/ *Winston M. Talbert*
Name:	Winston M. Talbert
Title:	Executive Vice President & Chief Financial Officer


THE TRUSTEE:

WELLS FARGO BANK. N.A.

By:		/s/ *Patrick Giordano*
		Name: Patrick Giordano
		Title: Vice President

This ‘10-K’ Filing	Date	Other Filings

Filed on:	2/27/08	8-K
For Period End:	12/31/07	10-K/A, 5
	11/14/07
	6/19/07	8-K
	6/5/07
	3/13/07	8-K
		List all Filings

Plains Exploration & Production Co – ‘10-K’ for 12/31/07 – EX-4.5

On: Wednesday, 2/27/08, at 9:04am ET · For: 12/31/07 · Accession #: 1193125-8-39535 · File #: 1-31470

Previous ‘10-K’: ‘10-K’ on 2/27/07 for 12/31/06 · Next: ‘10-K/A’ on 8/6/08 for 12/31/07 · Latest: ‘10-K/A’ on 4/29/13 for 12/31/12 · 1 Reference: By: SEC – ‘UPLOAD’ on 6/5/08

Annual Report — Form 10-K
Filing Table of Contents

EX-4.5 — Fourth Supplemental Indenture, Dated as of November 14, 2007

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Dates Referenced Herein and Documents Incorporated by Reference

1 Subsequent Filing that References this Filing


THE COMPANY:

PLAINS EXPLORATION & PRODUCTION COMPANY

By:		/s/ *Winston M. Talbert*
Name:		Winston M. Talbert
Title:		Executive Vice President & Chief Financial Officer


THE NEW SUBSIDIARY GUARANTOR:

LARAMIE LAND & CATTLE COMPANY, LLC
	By:	PXP Piceance LLC, its sole member
		By: Plains Resources Inc., its sole member

By:	/s/ *Winston M. Talbert*
Name:	Winston M. Talbert
Title:	Vice President & Treasurer