Attached files
file | filename |
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S-1 - S-1 - C&J Energy Services, Inc. | h80828sv1.htm |
EX-3.2 - EX-3.2 - C&J Energy Services, Inc. | h80828exv3w2.htm |
EX-10.4 - EX-10.4 - C&J Energy Services, Inc. | h80828exv10w4.htm |
EX-10.1 - EX-10.1 - C&J Energy Services, Inc. | h80828exv10w1.htm |
EX-10.2 - EX-10.2 - C&J Energy Services, Inc. | h80828exv10w2.htm |
EX-10.5 - EX-10.5 - C&J Energy Services, Inc. | h80828exv10w5.htm |
EX-23.1 - EX-23.1 - C&J Energy Services, Inc. | h80828exv23w1.htm |
EX-10.17 - EX-10.17 - C&J Energy Services, Inc. | h80828exv10w17.htm |
EX-10.16 - EX-10.16 - C&J Energy Services, Inc. | h80828exv10w16.htm |
EX-21.1 - EX-21.1 - C&J Energy Services, Inc. | h80828exv21w1.htm |
EX-10.6 - EX-10.6 - C&J Energy Services, Inc. | h80828exv10w6.htm |
EX-10.15 - EX-10.15 - C&J Energy Services, Inc. | h80828exv10w15.htm |
EX-16.1 - EX-16.1 - C&J Energy Services, Inc. | h80828exv16w1.htm |
Exhibit 3.1
AMENDED AND RESTATED CERTIFICATE OF INCORPORATION
OF
C&J ENERGY SERVICES, INC.
(a Delaware Corporation)
(a Delaware Corporation)
C&J Energy Services, Inc., (the Corporation) a corporation organized and existing under the
General Corporation Law of the State of Delaware as set forth in Title 8 of the Delaware Code (the
DGCL), hereby certifies as follows:
1. The name of the Corporation is C&J Energy Services, Inc. The Corporation was originally
incorporated pursuant to the DGCL on December 15, 2010 when the original Certificate of
Incorporation was filed with the Secretary of State of the State of Delaware. An Amendment to the
Certificate of Incorporation was filed on December 15, 2010.
2. This Amended and Restated Certificate of Incorporation, which restates and amends the
original Certificate of Incorporation of the Corporation, has been declared advisable by the board
of directors (the Board) of the Corporation, duly adopted by the stockholders of the
Corporation and duly executed and acknowledged by the officers of the Corporation in accordance
with Sections 103, 228, 242 and 245 of the DGCL.
3. The Certificate of Incorporation of the Corporation is hereby amended and restated in its
entirety to read as follows:
FIRST: The name of the Corporation is C&J Energy Services, Inc. (hereinafter called the
Corporation).
SECOND: The address of the Corporations registered office in the State of Delaware is
Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware 19801 in New Castle County,
Delaware. The name of the Corporations registered agent at such address is The Corporation Trust
Company.
THIRD: The nature of the business or purposes to be conducted or promoted by the Corporation
is to engage in any lawful act or activity for which corporations may be organized under the
Delaware General Corporation Law of the State of Delaware (the DGCL) or any successor
statute.
FOURTH: The total number of shares of stock which the Corporation shall have authority to
issue is 120,000,000 shares of capital stock, classified as (i) 20,000,000 shares of preferred
stock, par value $0.01 per share (Preferred Stock), and (ii) 100,000,000 shares of common
stock, par value $0.01 per share (Common Stock).
The designations and the powers, preferences, rights, qualifications, limitations and
restrictions of the Preferred Stock and Common Stock are as follows:
1. Provisions Relating to the Preferred Stock.
(a) The Preferred Stock may be issued from time to time in one or more classes or series, the
shares of each class or series to have such designations and powers, preferences, and rights, and
qualifications, limitations, and restrictions thereof, as are stated and expressed herein and in
the resolution or resolutions providing for the issue of such class or series adopted by the Board
as hereafter prescribed (a Preferred Stock Designation).
(b) Authority is hereby expressly granted to and vested in the Board to authorize the issuance
of the Preferred Stock from time to time in one or more classes or series, and with respect to each
class or series of the Preferred Stock, to fix and state by the resolution or resolutions from time
to time adopted providing for the issuance thereof the designation and the powers, preferences,
rights, qualifications, limitations and restrictions relating to each class or series of the
Preferred Stock, including, but not limited to, the following:
(i) whether or not the class or series is to have voting rights, full, special or limited, or
is to be without voting rights, and whether or not such class or series is to be entitled to vote
as a separate class either alone or together with the holders of one or more other classes or
series of stock;
(ii) the number of shares to constitute the class or series and the designations thereof;
(iii) the preferences, and relative, participating, optional or other special rights, if any,
and the qualifications, limitations or restrictions thereof, if any, with respect to any class or
series;
(iv) whether or not the shares of any class or series shall be redeemable at the option of the
Corporation or the holders thereof or upon the happening of any specified event, and, if
redeemable, the redemption price or prices (which may be payable in the form of cash, notes,
securities or other property), and the time or times at which, and the terms and conditions upon
which, such shares shall be redeemable and the manner of redemption;
(v) whether or not the shares of a class or series shall be subject to the operation of
retirement or sinking funds to be applied to the purchase or redemption of such shares for
retirement, and, if such retirement or sinking fund or funds are to be established, the annual
amount thereof, and the terms and provisions relative to the operation thereof;
(vi) the dividend rate, whether dividends are payable in cash, stock of the Corporation or
other property, the conditions upon which and the times when such dividends are payable, the
preference to or the relation to the payment of dividends payable on any other class or classes or
series of stock, whether or not such dividends shall be cumulative or noncumulative, and if
cumulative, the date or dates from which such dividends shall accumulate;
(vii) the preferences, if any, and the amounts thereof which the holders of any class or
series thereof shall be entitled to receive upon the voluntary or involuntary dissolution of, or
upon any distribution of the assets of, the Corporation;
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(viii) whether or not the shares of any class or series, at the option of the Corporation or
the holder thereof or upon the happening of any specified event, shall be convertible into or
exchangeable for, the shares of any other class or classes or of any other series of the same or
any other class or classes of stock, securities or other property of the Corporation and the
conversion price or prices or ratio or ratios or the rate or rates at which such exchange may be
made, with such adjustments, if any, as shall be stated and expressed or provided for in such
resolution or resolutions; and
(ix) such other special rights and protective provisions with respect to any class or series
as may to the Board seem advisable.
(c) The shares of each class or series of the Preferred Stock may vary from the shares of any
other class or series thereof in any or all of the foregoing respects. The Board may increase the
number of shares of the Preferred Stock designated for any existing class or series by a resolution
adding to such class or series authorized and unissued shares of the Preferred Stock not designated
for any other class or series. The Board may decrease the number of shares of the Preferred Stock
designated for any existing class or series by a resolution subtracting from such class or series
authorized and unissued shares of the Preferred Stock designated for such existing class or series,
and the shares so subtracted shall become authorized, unissued, and undesignated shares of the
Preferred Stock.
(d) Except as may otherwise be provided in a Preferred Stock Designation or by applicable law,
the holders of Preferred Stock shall not be entitled to vote at or receive notice of any meeting of
stockholders.
2. Provisions Relating to the Common Stock.
(a) Each share of Common Stock of the Corporation shall have identical rights and privileges
in every respect. The Common Stock shall be subject to the express terms of the Preferred Stock
and any series thereof. Except as may otherwise be provided in this Amended and Restated
Certificate of Incorporation, in a Preferred Stock Designation or by applicable law, the holders of
shares of Common Stock shall be entitled to one vote for each such share upon all questions
presented to the stockholders of the Corporation and the holders of shares of Common Stock shall
have the exclusive right to vote for the election of directors of the Corporation and for all other
purposes.
(b) Notwithstanding the foregoing, except as otherwise required by law, holders of Common
Stock, as such, shall not be entitled to vote on any amendment to this Amended and Restated
Certificate of Incorporation (including any certificate of designations relating to any series of
Preferred Stock) that relates solely to the terms of any outstanding series of Preferred Stock if
the holders of such affected series are entitled, either separately or together with the holders of
one or more other such series, to vote thereon pursuant to this Amended and Restated Certificate of
Incorporation (including any certificate of designations relating to any series of Preferred Stock)
or pursuant to the DGCL.
(c) Subject to the prior rights and preferences, if any, applicable to shares of the Preferred
Stock or any series thereof, the holders of shares of the Common Stock shall be
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entitled to receive ratably such dividends (payable in cash, stock or otherwise) as may be
declared thereon by the Board at any time and from time to time out of any funds of the Corporation
legally available therefor.
(d) In the event of any voluntary or involuntary liquidation, dissolution or winding-up of the
Corporation, after distribution in full of the preferential amounts, if any, to be distributed to
the holders of shares of the Preferred Stock or any class or series thereof, the holders of shares
of the Common Stock shall be entitled to receive all of the remaining assets of the Corporation
available for distribution to its stockholders, ratably in proportion to the number of shares of
the Common Stock held by them. A liquidation, dissolution or winding-up of the Corporation, as
such terms are used in this paragraph (d), shall not be deemed to be occasioned by or to include
any consolidation or merger of the Corporation with or into any other corporation or corporations
or other entity or a sale, lease, exchange or conveyance of all or a part of the assets of the
Corporation.
3. General.
(a) Subject to the provisions of this Amended and Restated Certificate of Incorporation,
applicable law and any then-existing Preferred Stock Designation, the Corporation may issue shares
of its Preferred Stock and Common Stock from time to time for such consideration (not less than the
par value thereof) as may be fixed by the Board, which is expressly authorized to fix the same in
its absolute and uncontrolled discretion subject to the foregoing conditions. Shares so issued for
which the consideration shall have been paid or delivered to the Corporation shall be deemed fully
paid stock and the Corporation shall not be liable to any further call or assessment thereon, and
the holders of such shares shall not be liable for any further payments in respect of such shares.
(b) The Corporation shall have authority to create and issue rights and options entitling
their holders to purchase shares of the Corporations capital stock of any class or series or other
securities of the Corporation, and such rights and options shall be evidenced by instrument(s)
approved by the Board. The Board shall be empowered to set the exercise price, duration, times for
exercise, and other terms of such options or rights; provided, however, that the consideration to
be received for any shares of capital stock subject thereto shall not be less than the par value
thereof.
(c) The Corporation shall be entitled to treat the person in whose name any share of its stock
is registered as the owner thereof for all purposes and shall not be bound to recognize any
equitable or other claim to, or interest in, such share on the part of any other person, whether or
not the Corporation shall have notice thereof, except as expressly provided by applicable law.
FIFTH:
(a) The business and affairs of the Corporation shall be managed by or under the direction of
the Board.
(b) There shall be no cumulative voting in the election of directors. Election of directors
need not be by written ballot unless the bylaws of the Corporation so provide.
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(c) The number of directors which shall constitute the whole Board of the Corporation shall be
seven, unless otherwise specified in, or determined in the manner provided in, the bylaws of the
Corporation.
SIXTH: Special meetings of stockholders of the Corporation may be called only by the Chairman
of the Board, the Chief Executive Officer of the Corporation or the Board. The person or persons
authorized to call a special meeting may fix the place and time of such meeting.
SEVENTH: In furtherance of, and not in limitation of, the powers conferred by the laws of the
State of Delaware, the Board is expressly authorized to adopt, amend or repeal the bylaws of the
Corporation by a majority vote of the total number of directors which the Corporation would have if
there were no vacancies, subject to the power of the stockholders of the Corporation to alter or
repeal any bylaw whether adopted by them or otherwise at a regular or special meeting; provided,
however, that, the provisions of this Seventh Article notwithstanding, the bylaws shall not be
adopted, altered, amended or repealed by the stockholders of the Corporation except by the vote, at
any regular or special meeting of stockholders, of holders of not less than 662/3% in voting power of
the then-outstanding shares of stock entitled to vote generally in the election of directors
(considered for this purpose as one class) at any time.
EIGHTH: Whenever a compromise or arrangement is proposed between the Corporation and its
creditors or any class of them and/or between the Corporation and its stockholders or any class of
them, any court of equitable jurisdiction within the State of Delaware may, on the application in a
summary way of the Corporation or of any creditor or stockholder thereof or on the application of
any receiver or receivers appointed for the Corporation under the provisions of Section 291 of
Title 8 of the Delaware Code or on the application of trustees in dissolution or of any receiver or
receivers appointed for the Corporation under the provisions of Section 279 of Title 8 of the
Delaware Code order a meeting of the creditors or class of creditors, and/or of the stockholders or
class of stockholders of the Corporation, as the case may be, to be summoned in such manner as the
said court directs. If a majority in number representing three-fourths in value of the creditors
or class of creditors, and/or of the stockholders or class of stockholders of the Corporation, as
the case may be, agree to any compromise or arrangement and to any reorganization of the
Corporation as a consequence of such compromise or arrangement, the said compromise or arrangement
and the said reorganization shall, if sanctioned by the court to which the said application has
been made, be binding on all the creditors or class of creditors, and/or on all the stockholders or
class of stockholders, of the Corporation, as the case may be, and also on the Corporation.
NINTH: No director of the Corporation shall be liable to the Corporation or its stockholders
for monetary damages for breach of fiduciary duty as a director, except for liability (i) for any
breach of the directors duty of loyalty to the Corporation or its stockholders, (ii) for acts or
omissions not in good faith or which involve intentional misconduct or a knowing violation of law,
(iii) under Section 174 of the DGCL, or (iv) for any transaction from which the director derived an
improper personal benefit. In addition to the circumstances in which a director of the Corporation
is not personally liable as set forth in the preceding sentence, a director of the Corporation
shall not be liable to the fullest extent permitted by any amendment to the DGCL or any successor
statute hereafter enacted that further limits the liability of a director.
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The Corporation shall indemnify each director or officer to the fullest extent permitted by
Delaware law.
Any amendment, repeal or modification of this Ninth Article shall be prospective only and
shall not affect any limitation on liability of a director for acts or omissions occurring prior to
the date of such amendment, repeal or modification.
TENTH: To the fullest extent permitted by applicable law, the Corporation, on behalf of
itself and its subsidiaries, renounces any interest or expectancy of the Corporation and its
subsidiaries in, or in being offered an opportunity to participate in, business opportunities that
are from time to time presented to StepStone Capital Partners II Onshore, L.P., StepStone Capital
Partners II Cayman Holdings, L.P., 2006 Co-Investment Portfolio, L.P. (each of which is a private
fund advised by StepStone Group LLC), Citigroup Capital Partners II Employee Master Fund, L.P., and
Energy Spectrum Partners IV LP (collectively, the Sponsors) or any of their respective
officers, directors, agents, shareholders, members, partners, affiliates and subsidiaries (other
than the Corporation and its subsidiaries) (each, a Specified Party) or are business
opportunities in which a Specified Party participates or desires to participate, even if the
opportunity is one that the Corporation or its subsidiaries might reasonably be deemed to have
pursued or had the ability or desire to pursue if granted the opportunity to do so and each such
Specified Party shall have no duty to communicate or offer such business opportunity to the
Corporation and, to the fullest extent permitted by applicable law, shall not be liable to the
Corporation or any of its subsidiaries or any stockholder for breach of any fiduciary or other
duty, as a director or officer or controlling stockholder or otherwise, by reason of the fact that
such Specified Party pursues or acquires such business opportunity, directs such business
opportunity to another person or fails to present such business opportunity, or information
regarding such business opportunity, to the Corporation or its subsidiaries. Notwithstanding the
foregoing, a Specified Party who is a director or officer of the Corporation and who is offered a
business opportunity in his or her capacity as a director or officer of the Corporation (a
Directed Opportunity) shall be obligated to offer such Directed Opportunity to the
Corporation, and the protections of this Tenth Article shall not apply to such Specified Parties
with respect to such Directed Opportunity, including, without limitation, the ability of such
Specified Parties to pursue or acquire such Directed Opportunity or to direct such Directed
Opportunity to another person.
Neither the amendment nor repeal of this Tenth Article, nor the adoption of any provision of
this Amended and Restated Certificate of Incorporation or the bylaws of the Corporation, nor, to
the fullest extent permitted by Delaware Law, any modification of law, shall adversely affect any
right or protection of any person granted pursuant hereto existing at, or arising out of or related
to any event, act or omission that occurred prior to, the time of such amendment, repeal, adoption
or modification (regardless of when any proceeding (or part thereof) relating to such event, act or
omission arises or is first threatened, commenced or completed).
If any provision or provisions of this Tenth Article shall be held to be invalid, illegal or
unenforceable as applied to any circumstance for any reason whatsoever: (a) the validity, legality
and enforceability of such provisions in any other circumstance and of the remaining provisions of
this Tenth Article (including, without limitation, each portion of any paragraph of this Tenth
Article containing any such provision held to be invalid, illegal or unenforceable that is not
itself
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held to be invalid, illegal or unenforceable) shall not in any way be affected or impaired
thereby and (b) to the fullest extent possible, the provisions of this Tenth Article (including,
without limitation, each such portion of any paragraph of this Tenth Article containing any such
provision held to be invalid, illegal or unenforceable) shall be construed so as to permit the
Corporation to protect its directors, officers, employees and agents from personal liability in
respect of their good faith service to or for the benefit of the Corporation to the fullest extent
permitted by law.
This Tenth Article shall not limit any protections or defenses available to, or
indemnification rights of, any director or officer of the Corporation under this Amended and
Restated Certificate of Incorporation or applicable law. Any person or entity purchasing or
otherwise acquiring any interest in any securities of the Corporation shall be deemed to have
notice of and to have consented to the provisions of this Tenth Article.
ELEVENTH: Subject to the rights of holders of any series of Preferred Stock with respect to
such series of Preferred Stock, any action required or permitted to be taken by the stockholders of
the Corporation must be taken at a duly held annual or special meeting of stockholders and may not
be taken by any consent in writing of such stockholders.
TWELFTH: The Corporation shall have the right, subject to any express provisions or
restrictions contained in this Amended and Restated Certificate of Incorporation or bylaws of the
Corporation, from time to time, to amend this Amended and Restated Certificate of Incorporation or
any provision hereof in any manner now or hereafter provided by law, and all rights and powers of
any kind conferred upon a director or stockholder of the Corporation by this Amended and Restated
Certificate of Incorporation or any amendment hereof are subject to such right of the Corporation.
THIRTEENTH: Notwithstanding any other provision of this Amended and Restated Certificate of
Incorporation or the bylaws of the Corporation (and in addition to any other vote that may be
required by law, this Amended and Restated Certificate of Incorporation or the bylaws), the
affirmative vote of the holders of at least 662/3% in voting power of the outstanding shares of stock
of the Corporation entitled to vote generally in the election of directors (considered for this
purpose as one class) shall be required to amend, alter or repeal any provision of this Amended and
Restated Certificate of Incorporation.
FOURTEENTH: The Corporation elects not to be governed by Section 203 of the DGCL, and the
restrictions contained in Section 203 shall not apply to the Corporation until the first date on
which the Sponsors and their affiliates no longer beneficially own at least 25% of the outstanding
shares of Common Stock of the Corporation. From and after such date, the Corporation shall be
governed by Section 203 so long as Section 203 by its terms would apply to the Corporation.
FIFTEENTH: For so long as the Registration Rights Agreement, by and among the Corporation,
FBR Capital Markets & Co. and certain stockholders of the Corporation, as amended from time to time
(the Registration Rights Agreement), is effective, the provisions of Section 3 of the
Registration Rights Agreement shall be incorporated by reference into this Certificate of
Incorporation, and the provisions of this Certificate of Incorporation shall be
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interpreted and applied in a manner consistent with the terms of the Registration Rights
Agreement. In the event of a conflict between the provisions of this Certificate of Incorporation
and Section 3 of the Registration Rights Agreement, the provisions of the Registration Rights
Agreement shall control.
SIXTEENTH: For so long as the Amended and Restated Stockholders Agreement, by and among the
Sponsors, the Corporation and certain stockholders of the Corporation, as amended from time to time
(the A&R Stockholders Agreement), is in effect, the provisions of the A&R Stockholders Agreement
shall be incorporated by reference into the relevant provisions hereof, and the provisions of this
Amended and Restated Certificate of Incorporation shall be interpreted and applied in a manner
consistent with the terms of the A&R Stockholders Agreement.
[Remainder of Page Intentionally Left Blank]
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IN WITNESS WHEREOF, the undersigned has executed this Amended and Restated Certificate of
Incorporation as of this 22nd day of December, 2010.
C&J ENERGY SERVICES, INC. |
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By: | /s/ Randy McMullen | |||
Name: | Randy McMullen | |||
Title: | Executive Vice President, Chief Financial Officer, Secretary and Treasurer |
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Signature Page to Amended and Restated Certificate of Incorporation