WELLS FARGO BANK, NATIONAL
ASSOCIATION,
First Supplemental Indenture
Dated as of February 27, 2009
Indenture
Dated as of February 27, 2009
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ARTICLE I RELATION TO INDENTURE;
DEFINITIONS
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1
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SECTION 1.01 Relation To Indenture
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1
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SECTION 1.02 Rules of Interpretation;
Definitions
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1
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ARTICLE II THE SERIES OF DEBT
SECURITIES
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2
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SECTION 2.01 Title of the Debt
Securities
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2
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SECTION 2.02 Limitations on Aggregate Principal
Amount
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2
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SECTION 2.03 Registered Securities; Global
Form
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2
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SECTION 2.04 Form and Terms of Notes
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2
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SECTION 2.05 Registrar and Paying
Agent
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3
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SECTION 2.06 Applicability of Certain Indenture
Provisions
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3
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ARTICLE III MISCELLANEOUS PROVISIONS
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3
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SECTION 3.01 Ratification of
Indenture
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3
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SECTION 3.02 Governing Law
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3
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SECTION 3.03 Counterparts
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3
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3
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FIRST SUPPLEMENTAL
INDENTURE, dated as of February 27, 2009 (the
“Supplemental Indenture”), between NOBLE ENERGY, INC.,
a corporation duly organized and existing under the laws of the
State of Delaware (the “Company”), and WELLS FARGO
BANK, NATIONAL ASSOCIATION, a national banking association, as
Trustee (the “Trustee”).
WHEREAS, the
Company has heretofore delivered to the Trustee an Indenture dated
as of February 27, 2009 (the “Indenture”) providing for
the issuance from time to time of debt securities of the Company
(the “Debt Securities”).
WHEREAS,
Section 3.01 of the Indenture provides that various matters
with respect to any series of Debt Securities issued under the
Indenture may be established in an indenture supplemental to the
Indenture.
WHEREAS,
Section 12.01(f) of the Indenture provides for the Company and
the Trustee to enter into an indenture supplemental to the
Indenture to establish the form or terms of Debt Securities of any
series as contemplated by Sections 2.01 and 3.01 of the
Indenture.
WHEREAS, all the
conditions and requirements necessary to make this Supplemental
Indenture, when duly executed and delivered, a valid and legally
binding agreement in accordance with its terms and for the purposes
herein expressed, have been performed and fulfilled.
NOW, THEREFORE,
THIS INDENTURE WITNESSETH:
For and in
consideration of the premises and the purchase of the series of
Debt Securities provided for herein by the Holders thereof, it is
mutually covenanted and agreed, for the equal and proportionate
benefit of all Holders of the series of Debt Securities provided
for herein, as follows:
RELATION TO INDENTURE;
DEFINITIONS
SECTION 1.01
Relation To Indenture.
This Supplemental
Indenture constitutes an integral part of the Indenture.
SECTION 1.02
Rules of Interpretation; Definitions.
The first
paragraph of Section 1.01 of the Indenture is fully
incorporated by reference into this Supplemental Indenture. For all
purposes of this Supplemental Indenture, except as otherwise
expressly provided or unless the context otherwise requires,
capitalized terms used but not defined herein shall have the
respective meanings assigned to them in the Indenture.
THE SERIES OF DEBT
SECURITIES
SECTION 2.01
Title of the Debt Securities .
There is hereby
created under the Indenture a series of Debt Securities designated
the “8.25% Notes due 2019” (the
“Notes”).
SECTION 2.02
Limitations on Aggregate Principal Amount.
The aggregate
principal amount of the Notes shall be initially limited to
$1,000,000,000; provided however, that the Company may, without the
consent of the Holders of Outstanding Notes, increase the principal
amount of the Notes Outstanding by issuing additional Notes
(“Additional Notes”) in the future on the same terms
and conditions (including, without limitation, the right to receive
accrued and unpaid interest), except for differences in the issue
price and issue date of the Additional Notes, and with the same
CUSIP number as the Notes then Outstanding. No Additional Notes may
be issued if an Event of Default has occurred and is continuing
with respect to the Notes. Any Additional Notes shall rank equally
and ratably with the Notes then Outstanding and shall be treated as
a single series for all purposes hereunder and under the Indenture.
From and after the issue date of any Additional Notes, any
reference herein to “Notes” shall include such
Additional Notes.
Except as provided
in this Section, the Company shall not execute and the Trustee
shall not authenticate or deliver Notes in excess of such aggregate
principal amount.
Nothing contained
in this Section 2.02 or elsewhere in this Supplemental
Indenture, or in the Notes, is intended to or shall limit execution
by the Company or authentication or delivery by the Trustee of the
Notes under the circumstances contemplated in Section 3.05,
3.06, 4.06 and 12.06 of the Indenture.
SECTION 2.03
Registered Securities; Global Form.
The Notes shall be
issuable and transferable in fully registered form, without
coupons. The Notes shall each be issued in the form of one or more
permanent Global Securities subject to any requirements of the
Indenture for the issuance of definitive Notes in exchange
therefor. The Depositary for the Notes shall be The Depository
Trust Company. Beneficial interests in the Global Securities
evidencing the Notes shall not be exchangeable for Notes in
definitive form except as provided in Section 2.03 of the
Indenture.
SECTION 2.04
Form and Terms of Notes.
The Notes shall be
substantially in the form attached as Exhibit A hereto and
shall have the terms specified therein.
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SECTION 2.05
Registrar and Paying Agent.
The Trustee shall
initially serve as Debt Security Registrar and Paying Agent for the
Notes.
SECTION 2.06
Applicability of Certain Indenture Provisions.
The provisions of
Article VI of the Indenture, including Section 6.06
thereof, shall be applicable to the Notes.
The provisions of
Article XIII of the Indenture relating to defeasance and
covenant defeasance shall be applicable to the Notes.
SECTION 3.01
Ratification of Indenture.
Except as
expressly modified or amended hereby, the Indenture continues in
full force and effect and is in all respects confirmed and
preserved.
SECTION 3.02
Governing Law.
This Supplemental
Indenture and each Note shall be governed by and construed in
accordance with the laws of the State of New York. This
Supplemental Indenture is subject to the provisions of the Trust
Indenture Act of 1939, as amended and shall, to the extent
applicable, be governed by such provisions.
SECTION 3.03
Counterparts.
This Supplemental
Indenture may be executed in any number of counterparts, each of
which so executed shall be deemed to be an original, but all such
counterparts shall together constitute but one and the same
instrument.
The recitals
contained herein shall be taken as statements of the Company, and
the Trustee assumes no responsibility for their correctness. The
Trustee makes no representations as to the validity or sufficiency
of this Supplemental Indenture.
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IN WITNESS
WHEREOF, the parties hereto have caused this Supplemental Indenture
to be duly executed by their respective officers hereunto duly
authorized, all as of the day and year first written
above.
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NOBLE ENERGY,
INC.
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By:
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/s/ Chris Tong
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Chris Tong,
Senior Vice President and
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Chief Financial
Officer
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Attest:
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/s/ Arnold J.
Johnson
Name: Arnold J.
Johnson
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Title:
Corporate Secretary
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WELLS FARGO
BANK, NATIONAL
ASSOCIATION,
as Trustee
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By:
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/s/ John C.
Stohlmann
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Authorized
Representative
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Supplemental Indenture
No. 1.
UNLESS THIS
SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY (“DTC”), 55 WATER STREET, NEW
YORK, NEW YORK TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT, AND SUCH SECURITY ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO., OR SUCH OTHER NAME AS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY
PERSON IS WRONGFUL, SINCE THE REGISTERED OWNER HEREOF, CEDE &
CO., HAS AN INTEREST HEREIN.
TRANSFERS OF THIS
SECURITY SHALL BE LIMITED TO TRANSFERS, IN WHOLE BUT NOT IN PART,
TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR’S NOMINEE EXCEPT AS OTHERWISE PROVIDED IN THE
INDENTURE REFERRED TO ON THE REVERSE SIDE OF THIS
CERTIFICATE.
NOBLE ENERGY,
INC., a Delaware corporation (herein referred to as the
“Company” which term includes any successor entity
under the Indenture herein referred to), for value received, hereby
promises to pay to CEDE & CO., or registered assigns, upon
presentation, the principal sum of $
on March 1, 2019 (the “Stated Maturity Date”) and
to pay interest thereon from February 27, 2009 or from the
most recent Interest Payment Date to which interest has been paid
or duly provided for, semi-annually in arrears on March 1 and
September 1 of each year (each, an “Interest Payment
Date”), commencing September 1, 2009, at the rate of
8.25% per annum, until the principal hereof is paid or duly
provided for. The interest so payable, and punctually paid or duly
provided for, on any Interest Payment Date will, as provided in
such Indenture, be paid to the Holder in whose name this Security
(or one or more Predecessor Debt Securities) is registered at the
close of business on the Regular Record Date for such interest,
which shall be the February 15 or August 15 (whether or
not a Business Day), as the case may be, next preceding such
Interest Payment Date at the office or agency of the Company
maintained for such purpose; provided however, that such interest
may be paid, at the Company’s option, by mailing a check to
such Holder at its registered address. Any such interest not so
punctually paid or duly provided for shall forthwith cease to be
payable to the Holder on such Regular Record Date, and may be paid
to the Holder in whose name this Security (or one or more
Predecessor Debt Securities) is registered at the close of business
on a Special Record Date for the payment of such Defaulted Interest
to be fixed by the Trustee, notice whereof shall be
given
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