EX-4.16 3 h58464exv4w16.htm STATEMENT OF ELIGIBILITY exv4w16
Exhibit 4.16
FORM T-1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2)     o
 
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)
       
 
 
   95-3571558
 
(State of incorporation
  (I.R.S. employer
 
if not a U.S. national bank)
  identification no.)
 
 
    
 
700 South Flower Street
    
 
Suite 500
    
 
Los Angeles, California
   90017
 
(Address of principal executive offices)
  (Zip code)
 
INTEROIL CORPORATION
(Exact name of obligor as specified in its charter)
       
 
Yukon Territory, Canada
  NONE
 
(State or other jurisdiction of
  (I.R.S. employer
 
incorporation or organization)
  identification no.)
 
 
    
 
Level 1
 
 
 60-92 Cook Street
  None
 
Cairns, Queensland 4870
   (Zip Code)
 
Australia
    
 
(Address of principal executive offices)
    
 

 

 

1.   General information. Furnish the following information as to the trustee:
  (a)   Name and address of each examining or supervising authority to which it is subject.
     
Name   Address
Comptroller of the Currency
United States Department of the
Treasury
  Washington, D.C. 20219
 
    
Federal Reserve Bank
  San Francisco, California 94105
 
    
Federal Deposit Insurance Corporation
  Washington, D.C. 20429
  (b)   Whether it is authorized to exercise corporate trust powers.
    Yes.
2.   Affiliations with Obligor.
 
    If the obligor is an affiliate of the trustee, describe each such affiliation.
 
    None.
3-15.   Not applicable.
16.   List of Exhibits.
 
    Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the “Act”) and 17 C.F.R. 229.10(d).
  1.   A copy of the articles of association of The Bank of New York Mellon Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948).
 
  2.   A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).
 
  3.   A copy of the authorization of the trustee to exercise corporate trust powers. (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-121948).
 
  4.   A copy of the existing by-laws of the trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-121948).

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  6.   The consent of the trustee required by Section 321(b) of the Act.
 
  7.   A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.
SIGNATURE
          Pursuant to the requirements of the Act, the trustee, The Bank of New York Trust Company, N.A., a banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of Houston, and State of Texas, on the 22nd day of July, 2008.
         
  THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
 		  
  By:   /s/ Mauri J. Cowen    
  Name:   Mauri J. Cowen   
  Title:   Vice President   
 

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CONSENT OF THE TRUSTEE
Pursuant to the requirements of Section 321(b) of the Trust Indenture Act of 1939, and in connection with the proposed issue of Interoil Corporation, The Bank of New York Trust Company, N.A. hereby consents that reports of examinations by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon request therefore.
         
  THE BANK OF NEW YORK TRUST
COMPANY, N.A.
 		  
  By:   /s/ Mauri J. Cowen    
    Mauri J. Cowen    
    Vice President   
Houston, Texas
July 22, 2008

-4-

 

REPORT OF CONDITION
Consolidating domestic subsidiaries of
THE BANK OF NEW YORK TRUST COMPANY, NA
in the state of CA at close of business on March 31, 2008
published in response to call made by (Enter additional information below)
 
 
Statement of Resources and Liabilities
                 
    Dollar Amounts in Thousands
 
ASSETS
                
Cash and balances due from depository institutions:
                
Noninterest-bearing balances and currency and coin
            2,130  
Interest-bearing balances
             0  
Securities:
                
Held-to-maturity securities
            32  
Available-for-sale securities
             297,195  
Federal funds sold and securities purchased under agreements to resell:
                
Federal funds sold
             11,700  
Securities purchased under agreements to resell
             65,000  
Loans and lease financing receivables:
                
Loans and leases held for sale
            0  
Loans and leases, net of unearned income
     0          
LESS: Allowance for loan and lease losses
     0          
Loans and leases, net of unearned income and allowance
             0  
Trading Assets
             0  
Premises and fixed assets (including capitalized leases)
             12,911  
Other real estate owned
             0  
Investments in unconsolidated subsidiaries and associated companies
             0  
Intangible assets:
                
Goodwill
             871,685  
Other intangible assets
             293,863  
Other assets
             151,030  
Total assets
             1,705,546  

 

 

REPORT OF CONDITION (Continued)
LIABILITIES
                 
    Dollar Amounts in Thousands  
 
Deposits:
                
In domestic offices
            1,187  
Noninterest-bearing
     1,187          
Interest- bearing
     0          
Federal funds purchased and securities sold under agreements to repurchase:
                
Federal funds purchased
            0  
Securities sold under agreements to repurchase
             0  
Trading liabilities
             0  
Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)
             218,691  
Subordinated notes and debentures
             0  
Other liabilities
             145,238  
Total liabilities
             365,116  
Minority interest in consolidated subsidiaries
             0  
 
                
EQUITY CAPITAL
                
 
                
Perpetual preferred stock and related surplus
            0  
Common stock
             1,000  
Surplus (exclude all surplus related to preferred stock)
             1,121,520  
Retained earnings
             214,719  
Accumulated other comprehensive income
             3,191  
Other equity capital components
             0  
Total equity capital
             1,340,430  
Total liabilities, minority interest, and equity capital
             1,705,546  
     
We, the undersigned directors, attest to the correctness of this statement of resources and liabilities. We declare that it has been examined by us, and to the best of our knowledge and belief has been prepared in conformance with the instructions and is true and correct.
  I, Karen Bayz, Vice President /s/ Karen Bayz
 
(Name, Title)
of the above named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.
             
Director #1
  Michael K. Klugman, President   /s/ Michael K. Klugman
 
    
 
            
Director #2
  Frank Sulzberger, MD   /s/ Frank Sulzberger
 
    
 
            
Director #3
  William D. Lindelof, VP   /s/ William D. Lindelof