FOURTH SUPPLEMENTAL INDENTURE AND GUARANTEE
Exhibit 4.28
Execution Version
FOURTH SUPPLEMENTAL INDENTURE AND GUARANTEE
This Fourth Supplemental Indenture and Guarantee, dated as of February 15, 2017 (this “Supplemental Indenture” or “Guarantee”), among McDermott (Amazon Chartering), Inc., a Panamanian corporation (the “New Guarantor”), XxXxxxxxx International, Inc., as the Issuer, each existing Guarantor under the Indenture referred to below, Xxxxx Fargo Bank, National Association, as Trustee, paying agent and registrar under such Indenture and Xxxxx Fargo Bank, National Association, as Collateral Agent under such Indenture.
W I T N E S S E T H:
WHEREAS, the Issuer, the Guarantors, the Trustee and the Collateral Agent have heretofore executed and delivered an Indenture, dated as of April 16, 2014 (as amended, supplemented, waived or otherwise modified, the “Indenture”), providing for the issuance of an unlimited aggregate principal amount of 8.000% Senior Secured Notes due 2021 of the Issuer (the “Notes”);
WHEREAS, Section 4.17 and Article X of the Indenture provides that the Issuer will cause any Restricted Subsidiary that guarantees any Indebtedness of the Issuer or any Guarantor under a Credit Facility to execute and deliver a Guarantee pursuant to which such Restricted Subsidiary will unconditionally Guarantee, on a joint and several basis, the full and prompt payment of the principal of, premium, if any, and interest on the Notes and all other obligations of the Issuer under the Indenture on the same terms and conditions as those set forth in the Indenture; and
WHEREAS, pursuant to Section 9.1(4) of the Indenture, the Trustee, the Collateral Agent, the Issuer and the Guarantors are authorized to execute and deliver this Supplemental Indenture to amend the Indenture, without the consent of any Holder, to add an additional Guarantor.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the New Guarantor, the Issuer, the existing Guarantors, the Trustee and the Collateral Agent mutually covenant and agree for the equal and ratable benefit of the Holders as follows:
ARTICLE I
Definitions
SECTION 1.1 Defined Terms. As used in this Supplemental Indenture, capitalized terms defined in the Indenture or in the preamble or recitals thereto are used herein as therein defined. 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.
ARTICLE II
Agreement to be Bound; Guarantee
SECTION 2.1 Agreement to be Bound. The New Guarantor hereby becomes a party to the Indenture as a Guarantor and as such shall have all of the rights and be subject to all of the obligations and agreements of a Guarantor under the Indenture. The New 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 2.2 Guarantee. The New Guarantor hereby fully, unconditionally and irrevocably guarantees, as primary obligor and not merely as a surety, jointly and severally with each other Guarantor, to each Holder and the Trustee, the full and punctual payment when due, whether at maturity, by acceleration, by redemption or otherwise, of the Obligations of the Issuer pursuant to the Notes and the Indenture in accordance with Section 10.1(a) of the Indenture.
33635063
Miscellaneous
SECTION 3.1 Notices. All notices and other communications to the New Guarantor shall be given as provided in the Indenture to the New Guarantor, at its address set forth below, with a copy to the Issuer as provided in the Indenture for notices to the Issuer.
c/o McDermott International, Inc.
X.X. Xxx 000000
Xxxxxxx, Xxxxx 00000-0000
Facsimile: (000) 000-0000
Attention: Xxxxx X. Xxxxxxxx
With a copy to:
Xxxxx Xxxxx L.L.P.
Xxx Xxxxx Xxxxx
000 Xxxxxxxxx
Xxxxxxx, Xxxxx 00000-0000
Facsimile: (000) 000-0000
Attention: Xxx X. Paris
SECTION 3.2 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 3.3 Governing Law. This Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York.
SECTION 3.4 Service of Process. Each of the Issuer and each non-U.S. Guarantor (including the New Guarantor) hereby appoints XxXxxxxxx, Inc. as its agent for service of process in any suit, action or proceeding with respect to this Supplemental Indenture, the Indenture, the Notes or the Guarantees and for actions brought under federal or state securities laws brought in any federal or state court located in The City of New York.
SECTION 3.5 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 3.6 Ratification of Indenture; Supplemental Indentures Part of Indenture; No Liability of Trustee. 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, and every Holder of a Note heretofore or hereafter authenticated and delivered shall be bound hereby. Neither the Trustee nor the Collateral Agent makes any representation or warranty as to the validity or sufficiency of this Supplemental Indenture or the New Guarantor’s Guarantee
SECTION 3.7 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 3.8 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.
[Signatures on following page]
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IN WITNESS WHEREOF, the parties hereto have caused this Fourth Supplemental Indenture and Guarantee to be duly executed as of the date first above written.
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XXXXXXXXX INTERNATIONAL, INC. |
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By: |
/s/ Xxxxxxxxx X. Xxxxxx |
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Name: |
Xxxxxxxxx X. Xxxxxx |
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Title: |
Vice President, Treasurer and Investor Relations |
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NEW GUARANTOR: |
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MCDERMOTT (AMAZON CHARTERING), INC. |
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By: |
/s/ Xxxxxxxxx X. Xxxxxx |
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Name: |
Xxxxxxxxx X. Xxxxxx |
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Title: |
Treasurer |
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EXISTING GUARANTORS: |
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J. Xxx XxXxxxxxx, X.X. |
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XxXxxxxxx, Inc. |
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XxXxxxxxx Investments, LLC |
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XxXxxxxxx International Management, S. DE RL. |
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By: |
/s/ Xxxxxxxxx X. Xxxxxx |
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Name: |
Xxxxxxxxx X. Xxxxxx |
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Title: |
Vice President, Treasurer |
Signature Page to
Fourth Supplemental Indenture and Guarantee
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Chartering Company (Singapore) Pte. Ltd. |
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DEEPSEA (AMERICAS) LLC |
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DEEPSEA (EUROPE) LIMITED |
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DEEPSEA (UK) LIMITED |
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DEEPSEA GROUP LIMITED |
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DEEPSEA (US) INCORPORATED |
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Eastern Marine Services, Inc. |
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Hydro Marine Services, Inc. |
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X. Xxx Holdings, Inc. |
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International Vessels Ltd. |
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J. Xxx XxXxxxxxx Canada Holding, Ltd. |
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J. Xxx XxXxxxxxx Canada, Ltd. |
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J. Xxx XxXxxxxxx Engineering |
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Services Private Limited |
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J. Xxx XxXxxxxxx Far East, Inc. |
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J. Xxx XxXxxxxxx Holdings, LLC |
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J. Xxx XxXxxxxxx International, Inc. |
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J. Xxx XxXxxxxxx Kazakhstan |
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limited liability partnership |
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J. Xxx XxXxxxxxx Logistic Services PVT. Limited |
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J. XXX XXXXXXXXX (NORWAY), AS |
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J. Xxx XxXxxxxxx (Qingdao) Pte. Ltd. |
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J. Xxx XxXxxxxxx Solutions, Inc. |
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J. Xxx XxXxxxxxx Technology, Inc. |
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J. Xxx XxXxxxxxx Underwater Services, Inc. |
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By: |
/s/ Xxxxxxxxx X. Xxxxxx |
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Name: |
Xxxxxxxxx X. Xxxxxx |
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Title: |
Treasurer |
Signature Page to
Fourth Supplemental Indenture and Guarantee
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J. Xxx XxXxxxxxx West Africa Holdings, Inc. |
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J. Xxx XxXxxxxxx West Africa, Inc. |
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Malmac Sdn. Bhd. |
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McDermott Asia Pacific Pte. Ltd. |
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Mcdermott Asia Pacific Sdn. bhd. |
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MCDERMOTT BLACKBIRD HOLDINGS, LLC |
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McDermott Caspian Contractors, Inc. |
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McDermott Eastern Hemisphere, Ltd. |
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McDermott Engineering, LLC |
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McDermott Far East, Inc. |
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MCDERMOTT FINANCE L.L.C. |
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McDermott Gulf Operating Company, Inc. |
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XxXxxxxxx International Investments Co., Inc. |
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XxXxxxxxx International Trading Co., Inc. |
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XxXxxxxxx International Vessels, Inc. |
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McDermott Marine Construction Limited |
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McDermott Middle East, Inc. |
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McDermott Offshore Services Company, Inc. |
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McDermott Old JV Office, Inc. |
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McDermott Overseas, Inc. |
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mcdermott subsea, inc. |
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McDermott Subsea Engineering, Inc. |
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North Atlantic Vessel, Inc. |
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OPI Vessels, Inc. |
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SparTEC, Inc. |
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By: |
/s/ Xxxxxxxxx X. Xxxxxx |
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Name: |
Xxxxxxxxx X. Xxxxxx |
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Title: |
Treasurer |
Signature Page to
Fourth Supplemental Indenture and Guarantee
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J. Xxx XxXxxxxxx Investments B.V. |
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J. Xxx XxXxxxxxx (Luxembourg), S.ar.X. |
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X. Xxx XxXxxxxxx (Nigeria) LIMITED |
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McDermott Holdings (U.K.) Limited |
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XxXxxxxxx International B.V. |
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XxXxxxxxx International Marine Investments N.V. |
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Mc Dermott Overseas Investment Co. N.V. |
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McDermott Servicos Offshore do Brasil Ltda. |
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PT. Baja Wahana Indonesia |
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Singapore Huangdao Pte. Ltd. |
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Varsy International N.V. |
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XXXXXXXX PTE. LTD. |
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By: |
/s/ Xxxxx X. Xxxxxxxx |
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Name: |
Xxxxx X. Xxxxxxxx |
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Title: |
Authorized Person |
Signature Page to
Fourth Supplemental Indenture and Guarantee
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J. Xxx XxXxxxxxx de Mexico, S.A. de X.X. |
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XxXxxxxxx Marine Mexico, S.A. de C.V. |
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Servicios Profesionales de Altamira, S.A. de C.V. |
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Servicios de Fabricacion de Altamira, S.A. de C.V. |
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By: |
/s/ Xxx Xxxxx Xxxxxx Xxxxxxx |
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Name: |
Xxx Xxxxx Xxxxxx Xxxxxxx |
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Title: |
Attorney-in-fact |
Signature Page to
Fourth Supplemental Indenture and Guarantee
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EXECUTED AND DELIVERED |
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as deed on behalf of |
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J. Xxx XxXxxxxxx International Vessels, Ltd. |
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By: |
/s/ Xxxxxxxxx X. Xxxxxx |
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Name: |
Xxxxxxxxx X. Xxxxxx |
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Title: |
Treasurer |
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Witnessed |
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By: |
/s/ Xxxxxx X. Xxxxxx |
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Name: |
Xxxxxx X. Xxxxxx |
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Title: |
Assistant Secretary |
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EXECUTED AND DELIVERED |
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as deed on behalf of |
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McDermott Cayman Ltd. |
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By: |
/s/ Xxxxxxxxx X. Xxxxxx |
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Name: |
Xxxxxxxxx X. Xxxxxx |
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Title: |
Treasurer |
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Witnessed |
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By: |
/s/ Xxxxxx X. Xxxxxx |
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Name: |
Xxxxxx X. Xxxxxx |
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Title: |
Assistant Secretary |
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EXECUTED AND DELIVERED |
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as deed on behalf of |
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Offshore Pipelines INTERNATIONAL, Ltd. |
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By: |
/s/ Xxxxxxxxx X. Xxxxxx |
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Name: |
Xxxxxxxxx X. Xxxxxx |
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Title: |
Treasurer |
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Witnessed |
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By: |
/s/ Xxxxxx X. Xxxxxx |
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Name: |
Xxxxxx X. Xxxxxx |
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Title: |
Assistant Secretary |
Signature Page to
Fourth Supplemental Indenture and Guarantee
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Executed by J. Xxx XxXxxxxxx (Aust.) Holding Pty. Limited. ACN 002 797 668 acting by the following persons or, if the seal is affixed, witnessed by the following persons in accordance with s127 of the Corporations Xxx 0000: |
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/s/ Xxxx Xxxx Xxxxxxxxxxx Signature of director |
/s/ X. Xxxxxx Xxxxxx Signature of director/company secretary |
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Xxxx Xxxx Xxxxxxxxxxx Name of director (print) |
X. Xxxxxx Xxxxxx Name of director/company secretary (print) |
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Executed by McDermott Australia Pty. Ltd. ACN 002 736 352 acting by the following persons or, if the seal is affixed, witnessed by the following persons in accordance with s127 of the Corporations Xxx 0000: |
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/s/ Xxxx Xxxx Xxxxxxxxxxx Signature of director |
/s/ X. Xxxxxx Xxxxxx Signature of director |
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Xxxx Xxxx Xxxxxxxxxxx Name of director (print) |
X. Xxxxxx Xxxxxx Name of director/company secretary (print) |
Signature Page to
Fourth Supplemental Indenture and Guarantee
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XXXXX FARGO BANK, NATIONAL ASSOCIATION, as Trustee |
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By: |
/s/ Xxxxxxx X. Xxxxxxxx |
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Name: |
Xxxxxxx X. Xxxxxxxx |
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Title: |
Vice President |
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XXXXX FARGO BANK, NATIONAL ASSOCIATION, as Collateral Agent |
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By: |
/s/ Xxxxxxx X. Xxxxxxxx |
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Name: |
Xxxxxxx X. Xxxxxxxx |
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Title: |
Vice President |
Signature Page to
