Exhibit 10.1(D)

FOURTH AMENDMENT TO CREDIT AGREEMENT

This FOURTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is made and entered
into effective as of the 22nd day of June, 2012 (the “Fourth Amendment Effective
Date”), by and among OXFORD MINING COMPANY, LLC, an Ohio limited liability
company (the “Borrower”), the Lenders party hereto, CITICORP USA, INC., as
administrative agent (the “Administrative Agent”), and the other parties
signatory hereto.

RECITALS

WHEREAS, the above-named parties have entered into that certain Credit Agreement
dated as of July 6, 2010, as amended by that certain First Amendment to Credit
Agreement and Limited Waiver dated as of July 15, 2010, as additionally amended
by that certain Second Amendment to Credit Agreement and Limited Waiver dated as
of August     , 2010, and as further amended by that certain Third Amendment to
Credit Agreement dated as of December 28, 2011 (and as may be further amended,
restated, modified or supplemented from time to time, the “Credit Agreement”),
by and among the Borrower, the Lenders, the Administrative Agent and the other
parties signatory thereto; and

WHEREAS, the Borrower has requested that the Lenders and the Administrative
Agent amend certain provisions of the Credit Agreement, and said parties are
willing to do so subject to the terms and conditions set forth herein, provided
that the Borrower and the Guarantors ratify and confirm all of their respective
obligations under the Credit Agreement and each other Loan Document to which
each is a party;

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants set
forth in this Amendment, the Borrower, the Lenders party hereto, the
Administrative Agent and the other parties signatory hereto agree as follows:

1. Defined Terms. Unless otherwise defined herein, capitalized terms used herein
have the meanings assigned to them in the Credit Agreement.

2. Amendment to Section 1.01. Section 1.01 of the Credit Agreement is hereby
amended to add the following new definitions in proper alphabetical order:

“‘Kentucky Assets’ means any and all assets used by any of the Loan Parties in
the operation of the business of any of the Loan Parties in the Commonwealth of
Kentucky, including without limitation all coal reserves of the Loan Parties
located in the Commonwealth of Kentucky, the “Island Dock” located in the
Commonwealth of Kentucky, the wash plant located in the Commonwealth of
Kentucky, the “Cleaton Shop Complex” located in the Commonwealth of Kentucky,
all mining and other equipment used by the Loan Parties in the operation of the
business of the Loan Parties in the Commonwealth of Kentucky, all customer
contracts for the supply of coal mined from the operation of the business of the
Loan Parties in the Commonwealth of Kentucky, all coal purchase agreements for
the supply of coal to the Loan Parties for use in supplementing such mined coal
in fulfilling such coal supply obligations, and all contracts for the loading of
third party coal by the Loan Parties onto barges at the ‘Island Dock.’”

“‘Liquidity’ means on any given day (a) the sum of the cash on hand of the Loan
Parties at the beginning of such day and the total amount which is available and
may be borrowed by the Borrower under the Revolving Credit Facility at the
beginning of such day, less (b) the Unused Clause (vi) Sales Proceeds at the
beginning of such day.

 

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“‘Unused Clause (vi) Sales Proceeds’ means any Net Cash Proceeds from the Asset
Sales involving the Kentucky Assets covered by Section 5.02(f)(vi) which have
not yet been used as provided in Section 2.06(c)(i) to either (a) acquire or
purchase assets to be used in the business of the Borrower or (b) repay any
portion of the Term Loan Borrowings.”

3. Amendment to Section 2.06(c)(i). Section 2.06(c)(i) of the Credit Agreement
is hereby amended to read in its entirety as follows:

“(i) 100% of the Net Cash Proceeds of an Asset Sale not otherwise permitted
under Sections 5.02(f)(i)-(v); provided that, so long as no Event of Default has
occurred and is continuing, no such repayment shall be required if the Borrower
notifies the Administrative Agent on or before the date such repayment is
required to be made that the Borrower intends to use all of the Net Cash
Proceeds from such Asset Sale to acquire or purchase assets to be used in the
business of the Borrower within six months of the date of such Asset Sale, in
which case the repayment need not be made, unless all or part of the Net Cash
Proceeds from such Asset Sales are not used within such six months period, in
which case the Term Loan Borrowings shall be repaid by an amount equal to the
portion of the Net Cash Proceeds from such Asset Sales not so reinvested on the
Business Day immediately following such six months period.”

4. Amendment to Section 5.02(f). Section 5.02(f) of the Credit Agreement is
hereby amended by (i) deleting the word “and” at the end of subsection
(iv) thereof, (ii) deleting the period and adding a semi-colon followed by the
word “and” at the end of subsection (v) thereof and (iii) adding thereafter the
following new subsection (vi) to the end of said Section 5.02(f):

“(vi) Asset Sales involving the Kentucky Assets not otherwise covered by
subsections (i)-(v) above.”

5. Amendment to Section 5.02(h)(i). Section 5.02(h)(i) of the Credit Agreement
is hereby amended to read in its entirety as follows:

“(i) within thirty (30) days after the end of each fiscal quarter from and after
the fiscal quarter ending June 30, 2012, the MLP may declare, make or incur a
liability to make a quarterly cash distribution to its partners in accordance
with the terms of the MLP Agreement; provided that, (A) the aggregate amount of
such quarterly distribution for each fiscal quarter shall not exceed Available
Cash (as defined in the MLP Agreement as in effect on July 19, 2010) with
respect to the immediately preceding fiscal quarter of the MLP and (B) with
respect to any distribution greater than $6,125,000, the Liquidity on the
date such distribution is declared after giving effect thereto shall be at least
$12,000,000.

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6. Amendment to Section 5.04(a). Section 5.04(a) of the Credit Agreement is
hereby amended to read in its entirety as follows in order to cancel the
step-down in Leverage Ratio to 3.00:1.00 on July 1, 2012 as reflected in the
Third Amendment to Credit Agreement:

“(a) Leverage Ratio. Maintain a Leverage Ratio for any date of determination
during each of the below-indicated periods as follows:

 

Period    Leverage Ratio

Effective Date through December 31, 2011

   2.75:1.00

January 1, 2012 and thereafter

   3.25:1.00”

7. Conditions to Effectiveness. This Amendment shall be effective on the Fourth
Amendment Effective Date upon satisfaction of each of the following conditions:

(i) The Administrative Agent (or its counsel) shall have received from each of
the Borrower, the Guarantors and the Lenders constituting at least the Required
Lenders either (a) a counterpart of this Amendment signed on behalf of such
party or (b) written evidence satisfactory to the Administrative Agent (which
may include telecopy transmission of a signed signature page of this Amendment)
that such party has signed a counterpart of this Amendment.

(ii) The Administrative Agent shall have received all documents and other items
that it may reasonably request relating to any other matters relevant hereto,
all in form and substance satisfactory to the Administrative Agent.

(iii) The Administrative Agent shall have received the fee referenced in
Section 16(i) below.

(iv) No Default or Event of Default exists after giving effect to this
Amendment.

8. Representations and Warranties. Each Loan Party hereby confirms that the
representations and warranties contained in the Credit Agreement and the other
Loan Documents made by it are true and correct as of the date hereof, except to
the extent such representations and warranties specifically relate to an earlier
date, in which case they were true and correct as of such earlier date. Each
Loan Party also hereby confirms that this Amendment has been duly authorized by
all necessary corporate action and constitutes the legal, valid and binding
obligation of each Loan Party, subject to the effect of any applicable
bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting
creditors’ rights and remedies generally and to the effect of general principles
of equity.

9. Continuing Effect of the Credit Agreement. This Amendment shall not
constitute a waiver of any provision not expressly referred to herein and shall
not be construed as a consent to any action on the part of any Loan Party that
would require a waiver or consent of the Lenders or an amendment or modification
to any term of the Loan Documents except as expressly stated herein. Except as
expressly modified hereby, the provisions of the Credit Agreement and the Loan
Documents are and shall remain in full force and effect.

10. Ratification. Each Loan Party hereby confirms and ratifies the Credit
Agreement and each of the other Loan Documents to which it is a party, as
amended hereby, and acknowledges and agrees that the same shall continue in full
force and effect, as amended hereby.

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11. Counterparts. This Amendment may be executed by all parties hereto in any
number of separate counterparts, each of which may be delivered in original,
electronic or facsimile form and all of which taken together shall be deemed to
constitute one and the same instrument.

12. References. The words “hereby,” “herein,” “hereinabove,” “hereinafter,”
“hereinbelow,” “hereof” and “hereunder” and words of similar import when used in
this Amendment shall refer to this Amendment as a whole and not to any
particular article, section or provision of this Amendment. References in this
Amendment to a section number are to such section of this Amendment unless
otherwise specified.

13. Headings Descriptive. The headings of the several sections and subsections
of this Amendment are inserted for convenience only and shall not in any way
affect the meaning or construction of any provision of this Amendment.

14. Governing Law. This Amendment shall be governed by and construed in
accordance with the law of the State of New York, without regard to such state’s
conflict of laws rules.

15. Release by Loan Parties. Each Loan Party does hereby release and forever
discharge the Administrative Agent and each of the Lenders and each affiliate
thereof and each of their respective employees, officers, directors, trustees,
agents, attorneys, successors, assigns or other representatives from any and all
claims, demands, damages, actions, cross-actions, causes of action, costs and
expenses (including legal expenses) of any kind or nature whatsoever known to
any Loan Party, whether based on law or equity, which any of said parties has
held or may now own or hold, for or because of any matter or thing done, omitted
or suffered to be done on or before the actual date upon which this Amendment is
signed by any of such parties (i) arising directly or indirectly out of the
Credit Agreement, Loan Documents, or any other documents, instruments or
transactions relating thereto, and/or (ii) relating directly or indirectly to
all transactions by and between any Loan Party or its representatives and the
Administrative Agent and each Lender or any of their respective directors,
officers, agents, employees, attorneys or other representatives and, in either
case, whether or not caused by the sole or partial negligence of any released
party. Such release, waiver, acquittal and discharge shall and does include any
claims of any kind or nature which may, or could be, asserted by any Loan Party.

16. Fees and Expenses.

(i) In connection with this Amendment and as a condition to its effectiveness,
the Borrower agrees to pay to the Administrative Agent for the ratable benefit
of the Lenders executing this Amendment by June 22, 2012 (the “Executing
Lenders”), in immediately available funds, a non-refundable amendment fee in the
amount of 0.50% of the currently outstanding Commitments of the Executing
Lenders which shall be fully earned, due and payable in immediately available
funds on or before the Fourth Amendment Effective Date.

(ii) The Borrower hereby confirms its obligation pursuant to Section 8.05(a) of
the Credit Agreement to pay and reimburse the Administrative Agent

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for all reasonable costs and expenses (including, without limitation, reasonable
fees of counsel) of the Administrative Agent incurred in connection with the
negotiation, preparation, execution and delivery of this Amendment and all other
documents and instruments delivered in connection herewith.

17. Final Agreement of the Parties. THIS AMENDMENT, THE CREDIT AGREEMENT AND THE
OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY
NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL
AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE
PARTIES.

[Signature Pages Follow]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
by their respective officers thereunto duly authorized as of the Fourth
Amendment Effective Date.

 

OXFORD MINING COMPANY, LLC, an Ohio limited liability company By:  

 

Name:   Jeffrey M. Gutman Title:   Senior Vice President & Chief Financial
Officer OXFORD RESOURCE PARTNERS, LP, a Delaware limited partnership

  By:   Oxford Resources GP, LLC, a Delaware limited liability company, its
general partner   By:  

/s/ Jeffrey M. Gutman

  Name:   Jeffrey M. Gutman   Title:   Senior Vice President & Chief Financial
Officer

OXFORD MINING COMPANY-KENTUCKY, LLC, a Kentucky limited liability company By:  

/s/ Jeffrey M. Gutman

Name:   Jeffrey M. Gutman Title:   Senior Vice President & Chief Financial
Officer DARON COAL COMPANY, LLC, an Ohio limited liability company By:  

/s/ Jeffrey M. Gutman

Name:   Jeffrey M. Gutman Title:   Vice President

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CITICORP USA, INC., as Administrative Agent By:  

/s/ Raymond G. Dunning

  Raymond G. Dunning   Vice President

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CITIBANK, N.A., as Lender By:  

/s/ Raymond G. Dunning

  Raymond G. Dunning   Vice President

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BARCLAYS BANK PLC, as Lender By:  

/s/ May Huang

Name:   May Huang Title:   Assistant Vice President

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HUNTINGTON NATIONAL BANK, as Lender By:  

/s/ Mark D. Adams

  Mark D. Adams   Vice President

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FIFTH THIRD BANK, AN OHIO BANKING CORPORATION, as Lender By:  

/s/ Patrick Lingrosso

  Patrick Lingrosso, Officer

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COMERICA BANK, as Lender By:  

/s/ A. Martin

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CATERPILLAR FINANCIAL SERVICES CORPORATION, as Lender By:  

/s/ Paul L. Owen

  Paul L. Owen   Credit/Operations Manager

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SOCIÉTÉ GÉNÉRALE, as Lender By:  

/s/ Emmanuel Chesneau

  Emmanuel Chesneau   Managing Director

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CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Lender By:  

/s/ Bill O’Daly

  Bill O’Daly   Director By:  

/s/ Tyler R. Smith

  Tyler R. Smith   Associate

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WELLS FARGO BANK, N.A., as Lender By:  

/s/ Jeanette A. Griffin

  Jeanette A. Griffin   Senior Vice President

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RAYMOND JAMES BANK, FSB, as Lender By: