Exhibit 10.1

 
 
AMENDMENT NO. 1
 
TO
 
THIRD AMENDED AND RESTATED CREDIT AGREEMENT
 
This Amendment No. 1 to Third Amended and Restated Credit Agreement, dated as of
June 26, 2012 (this “Amendment”), is entered into among ALPHA NATURAL RESOURCES,
INC., a Delaware corporation (“Borrower”), the Lenders party hereto and Citicorp
North America, Inc., a Delaware corporation, in its capacity as administrative
agent for the Lenders and as agent for the Secured Parties (in such capacity,
the “Administrative Agent”), and amends the Third Amended and Restated Credit
Agreement dated as of May 19, 2011 (as amended, restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”) entered into among
the Borrower, the institutions from time to time party thereto as Lenders (the
“Lenders”), the Administrative Agent, Bank of America, N.A., JPMorgan Chase
Bank, N.A., PNC Bank, National Association, The Royal Bank of Scotland PLC and
Union Bank, N.A. and The Bank of Tokyo-Mitsubishi UFJ, LTD., as Co-Documentation
Agents and Morgan Stanley Senior Funding, Inc. as Sole Syndication Agent, and
Citigroup Global Markets Inc. and Morgan Stanley Senior Funding, Inc., as Joint
Lead Arrangers.  Capitalized terms used herein and not otherwise defined herein
shall have the meanings ascribed to them in the Credit Agreement.
 
W I T N E S S E T H:
 
WHEREAS, the Borrower has requested that the Lenders amend the Credit Agreement
to effect the changes below;
 
WHEREAS, the Borrower and Lenders wish to make certain other amendments set
forth in Section 1 below;
 
NOW, THEREFORE, in consideration of these premises and for other good and
valuable consideration (the receipt and sufficiency of which is hereby
acknowledged), the parties hereto hereby agree as follows:
 
 
 

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Section 1. Amendments to the Credit Agreement
 
(a) Section 1.01 of the Credit Agreement is amended by (i) deleting the
definition of “Applicable Margin” and replacing it in its entirety with the
following:
 

““Applicable Margin” shall mean (i) for any day with respect to any ABR Loan,
the applicable margin per annum set forth below under the caption “ABR Spread”
based upon the Leverage Ratio as of the most recent determination date, (ii) for
any day with respect to any Eurocurrency Loan, the applicable margin per annum
set forth below the caption “Eurocurrency Spread” based upon the Leverage Ratio
as of the most recent determination date and (iii) for any day with respect to
any Commitment Fee, the fee per annum set forth below the caption “Commitment
Fee” based upon the Leverage Ratio as of the most recent determination date.
 

Leverage Ratio:
ABR Spread
Eurocurrency Spread
Commitment Fee
Category 1
Greater than 3.75 to 1.00
2.00%
3.00%
0.50%
Category 2
Equal to or less than 3.75 to 1.00 but equal to or greater than 2.00 to 1.00
1.50%
2.50%
0.50%
Category 3
Less than 2.00 to 1.00 but equal to or greater than 1.50 to 1.00
1.25%
2.25%
0.50%
Category 4
Less than 1.50 to 1.00
1.00%
2.00%
0.375%

 
For purposes of the foregoing, (1) the Leverage Ratio shall be determined as of
the end of each fiscal quarter of the Borrower’s fiscal year based upon the
consolidated financial information of the Borrower and its Restricted
Subsidiaries delivered pursuant to Section 5.04(a) or (b) and (2) each change in
the Applicable Margin resulting from a change in the Leverage Ratio shall be
effective during the period commencing on and including the first Business Day
after the date of delivery to the Administrative Agent of such consolidated
financial information indicating such change and ending on the date immediately
preceding the effective date of the next such change; provided that the Leverage
Ratio shall be deemed to be in Category 1 for purposes of this definition at the
option of the Administrative Agent or the Required Lenders at any time during
which the Borrower fails to deliver the consolidated financial information when
required to be delivered pursuant to Section 5.04(a) or (b), during the period
from the expiration of the time for delivery thereof until such consolidated
financial information is delivered.”
 
 
 

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(b) Section 1.01 of the Credit Agreement is amended by (i) deleting the
definition of “Consolidated Net Debt” and replacing it in its entirety with the
following:
 
““Consolidated Net Debt” as of any date shall mean (without duplication) (i) the
aggregate amount of all Indebtedness of the Borrower and its Restricted
Subsidiaries specified in clauses (a), (b), (c) and (e) of the definition of
Indebtedness (so long as, in the case of clause (e), such Guarantees are full
and unconditional and such Guarantees are of Indebtedness of Unrestricted
Subsidiaries or Minority Ventures specified in clauses (a), (b) and (c) of the
definition of Indebtedness), plus (ii) any Receivables Net Investment of the
Borrower and its Restricted Subsidiaries, minus (iii) the aggregate amount of
unrestricted cash, cash equivalents and Permitted Investments of the Borrower
and its Restricted Subsidiaries; provided that, for the purposes of the
definition of Consolidated Senior Secured Debt, the aggregate amount of
unrestricted cash, cash equivalents and Permitted Investments that reduces
clauses (i) and (ii) above shall not exceed $500 million.”
 
(c) Section 1.01 of the Credit Agreement is amended by (i) replacing the period
at the end of the definition of “Equity Interests” with “;” and (ii) adding the
following proviso at the end of such definition:
 
“provided that, for the avoidance of doubt, "Equity Interests" shall not include
convertible notes.”
 
(d) Section 1.01 is amended by deleting the words “or directly and fully
guaranteed or insured” and “(provided that the full faith and credit of the
United States is pledged in support of those securities)” in clause (b) of the
definition of “Permitted Investments”.
 
(e) Section 1.01 is amended by deleting the words “Sections 6.10 and 6.11” in
clause (e) of the definition of “Permitted Notes” and inserting the words
“Sections 6.10, 6.11 and 6.15, as applicable” in lieu thereof.
 
(f) Section 1.01 is amended by inserting the words “other than in the case of a
refinancing of the Massey 3.25% Convertible Notes,” at the beginning of clause
(d) of the definition of “Permitted Refinancing Indebtedness”.
 
(g) Section 1.01 is amended by deleting the words “, all determined on a
consolidated basis in accordance with GAAP” in the definition of “Senior Secured
Leverage Ratio”.
 
 
 

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(h) Section 1.01 is further amended by inserting the following new definitions
in the appropriate alphabetic order:
 
““Amendment No. 1 Material Real Property” shall mean (i) any real property owned
 in fee by any Loan Party as of the Amendment No. 1 Effective Date that (x) is
not a Mortgaged Property as of such date, (y)  has a net book value  as of March
31, 2012 in excess of $10 million and (z) is not a Massey Principal Property and
(ii) any real property in which a Loan Party  has a leasehold interest as of the
Amendment No. 1 Effective Date that (x) is not a Mortgaged Property as of such
date, (y) has annual minimum  royalties, rents or any similar payment
obligations in excess of $1 million in the most recently  ended fiscal year and
(z) is not a Massey Principal Property; provided that, Amendment No. 1 Material
Real Property shall not include Excluded Assets.”
 
““Consolidated Debt” as of any date shall mean (without duplication) (i) the
aggregate amount of all Indebtedness of the Borrower and its Restricted
Subsidiaries specified in clauses (a), (b), (c) and (e) of the definition of
Indebtedness (so long as, in the case of clause (e), such Guarantees are full
and unconditional and such Guarantees are of Indebtedness of Unrestricted
Subsidiaries or Minority Ventures specified in clauses (a), (b) and (c) of the
definition of Indebtedness), plus (ii) any Receivables Net Investment of the
Borrower and its Restricted Subsidiaries.”
 
““Consolidated Gross Senior Secured Debt” shall mean, as of any date of
determination, the aggregate principal amount of Consolidated Debt that is not
Subordinated Indebtedness on such date and that is secured by a Lien.”
 
““Consolidated Liquidity” means, for the Borrower and its Restricted
Subsidiaries on a consolidated basis, the sum of (x) all unrestricted cash, cash
equivalents and Permitted Investments, (y) the aggregate Available Unused
Commitments (assuming for such purpose, that the Borrower would be permitted to
immediately incur such Available Unused Commitments) and (z) the unused
availability under any Permitted Receivables Financing.”
 
““Gross Senior Secured Leverage Ratio” shall mean, on any date, the ratio of (a)
Consolidated Gross Senior Secured Debt as of such date to (b) EBITDA for the
period of four consecutive fiscal quarters of the Borrower most recently ended
as of such date; provided that, to the extent any Asset Disposition or any Asset
Acquisition (or any similar transaction or transactions that require a waiver or
a consent of the Required Lenders pursuant to Section 6.04 or 6.05) or
incurrence or repayment of Indebtedness (excluding normal fluctuations in
revolving Indebtedness incurred for working capital purposes) has occurred
during the relevant Test Period, EBITDA shall be determined for the respective
Test Period on a Pro Forma Basis for such occurrences.”
 
(i) Subsection 2.20(a)(ii) shall be amended by deleting the words “Sections 6.10
and 6.11” and inserting the words “Sections 6.10, 6.11 and 6.15, as applicable”
in lieu thereof.
 
 
 

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(j) Subsection 2.20(a)(iii) shall be amended by deleting it in its entirety and
replacing it with the following
 
“(iii)           The sum of the outstanding Additional Revolving Facility
Commitments and the principal amount outstanding of Additional Term Loans, when
aggregated with the principal amount outstanding of Permitted Notes, shall not
exceed $500 million; provided that this limitation shall be increased by (x)
$750 million if, at the time of such increase, after giving effect on a Pro
Forma Basis to Additional Revolving Facility Commitments as if they were fully
drawn on the first day of the most recent period of four consecutive fiscal
quarters for which financial statements have been delivered pursuant to Section
5.04(a) or (b), and to the incurrence of Additional Term Loans and Permitted
Notes as if such incurrence had occurred on such day, the Gross Senior Secured
Leverage Ratio shall not be in excess of 2.00 to 1.00 and (y) an additional $750
million if, at the time of such increase, after giving effect on a Pro Forma
Basis to Additional Revolving Facility Commitments as if they were fully drawn
on the first day of the most recent period of four consecutive fiscal quarters
for which financial statements have been delivered pursuant to Section 5.04(a)
or (b), and to the incurrence of Additional Term Loans and Permitted Notes as if
such incurrence had occurred on such day, the Gross Senior Secured Leverage
Ratio shall not be in excess of 1.00 to 1.00.
 
(k) Subsection 2.20(a)(iv) shall be amended by deleting the second sentence
thereof in its entirety and replacing it with the following:
 
“In the event that the all-in-yield for any Additional Term Loans in excess of
the initial $500 million in Additional Term Loans is greater than the
all-in-yield for the Term Loans (or other term loan previously established as an
Additional Term Loan hereunder), then the all-in-yield for the Term Loans (or
other term loan previously established as an Additional Term Loan hereunder)
will be increased such that after giving effect thereto the all-in-yield for the
Term Loans (or other term loan established as an Additional Term Loan hereunder)
is equal to the all-in-yield for the Additional Term Loans.”
 
(l) Subsection 5.04(c) shall be amended by deleting the words “Sections 6.10 and
6.11” and inserting the words “Sections 6.10, 6.11 and 6.15, as applicable” in
lieu thereof in both clause (x) and (y).
 
(m) Subsection 5.13(a)(ii) shall be amended by deleting the words “Sections 6.10
and 6.11” and inserting the words “Sections 6.10, 6.11 and 6.15, as applicable”
in lieu thereof.
 
(n) Subsection 6.01(c) shall be amended by deleting the words “Sections 6.10 and
6.11” and inserting the words “Sections 6.10, 6.11 and 6.15, as applicable” in
lieu thereof.
 
(o) Subsection 6.02(b) shall be amended by deleting the words “Sections 6.10 and
6.11” and inserting the words “Sections 6.10, 6.11 and 6.15, as applicable” in
lieu thereof.
 
(p) Subsection 6.02(d) shall be amended by deleting the words “(other than the
Massey 3.25% Convertible Notes)”.
 
 
 

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(q) Subsection 6.02(f) shall be amended by deleting it in its entirety and
replacing it with the following:
 
“(f)           (i)  Permitted Notes in an aggregate principal amount, when
aggregated with the amount of Additional Term Loans and Additional Revolving
Facility Commitments outstanding pursuant to Section 2.20, not to exceed $500
million; provided that this limitation shall be increased by (x) $750 million
if, at the time of such incurrence, after giving effect on a Pro Forma Basis to
such incurrence and to the incurrence of any Additional Term Loans and any
Additional Revolving Facility Commitments (as if they were fully drawn on the
first day of the most recent period of four consecutive fiscal quarters for
which financial statements have been delivered pursuant to Section 5.04(a) or
(b)) as if such incurrence had occurred on such day, the Gross Senior Secured
Leverage Ratio shall not be in excess of 2.00 to 1.00 and (y) an additional $750
million if, at the time of such incurrence, after giving effect on a Pro Forma
Basis to such incurrence and to the incurrence of any Additional Term Loans and
any Additional Revolving Facility Commitments (as if they were fully drawn on
the first day of the most recent period of four consecutive fiscal quarters for
which financial statements have been delivered pursuant to Section 5.04(a) or
(b)) as if such incurrence had occurred on such day, the Gross Senior Secured
Leverage Ratio shall not be in excess of 1.00 to 1.00; provided further that the
full amount of Indebtedness incurred pursuant to this clause (i) would have been
permitted to be incurred under Section 2.20; (ii) Permitted Notes in excess of
the amount permitted under the foregoing clause (i), the Net Cash Proceeds of
which are applied to the permanent repayment of Term Loans pursuant to Section
2.11; and (iii) in the case of Permitted Notes incurred under any of the
foregoing clauses (i) and (ii), Permitted Refinancing Indebtedness in respect
thereof;
 
(r) Subsection 6.06(a)(B) shall be amended by deleting it in its entirety and
replacing it with the following:
 
“(B)           after giving effect to such Restricted Payment on a Pro Forma
Basis as if such Restricted Payment had occurred on the first day of the most
recent period of four consecutive fiscal quarters for which financial statements
have been delivered pursuant to Section 5.04(a) or (b), the Borrower shall be in
compliance with Sections 6.10, 6.11 and 6.15, as applicable; and”
 
 
 

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(s) Section 6.10 shall be amended by deleting it in its entirety and replacing
it with the following:
 
“Permit the Interest Coverage Ratio as of the last day of any fiscal quarter of
the Borrower ending on the dates set forth below to be less than the ratio
corresponding to such fiscal quarter:
 
Fiscal Quarter Ending
Minimum Interest
Coverage Ratio
June 30, 2012
2.50:1.00
September 30, 2012
2.50:1.00
December 31, 2012
2.25:1.00
March 31, 2013
2.00:1.00
June 30, 2013
2.25:1.00
September 30, 2013
2.25:1.00
December 31, 2013
2.25:1.00
March 31, 2014 and thereafter
2.50:1.00

 
 
 

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(t) Section 6.11 shall be amended by deleting it in its entirety and replacing
it with the following:
 
“(a) Senior Secured Leverage Ratio.  Permit the Senior Secured Leverage Ratio as
of the last day of any fiscal quarter of the Borrower ending on the dates set
forth below to be greater than the ratio corresponding to such fiscal quarter:
 
Fiscal Quarter Ending
Senior Secured
Leverage Ratio
June 30, 2012
2.50:1.00
September 30, 2012
2.50:1.00
December 31, 2012
2.50:1.00
March 31, 2013
2.50:1.00
June 30, 2013
2.50:1.00
September 30, 2013
2.50:1.00
December 31, 2013
2.50:1.00
March 31, 2014
2.50:1.00
June 30, 2014
2.50:1.00
September 30, 2014
2.50:1.00
December 31, 2014
2.50:1.00

 
 
 
 

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(b) Leverage Ratio.  Permit the Leverage Ratio as of the last day of any fiscal
quarter of the Borrower ending on the dates set forth below to be greater than
the ratio corresponding to such fiscal quarter:
 
Fiscal Quarter Ending
Leverage Ratio
March 31, 2015
4.25:1.00
June 30, 2015
4.00:1.00
September 30, 2015 and thereafter
3.75:1.00

 
(u) Article VI shall be amended by inserting the following new Section 6.15
thereto:
 
“Minimum Liquidity.  Permit the Consolidated Liquidity as of the end of any
fiscal quarter of the Borrower beginning with the fiscal quarter ending June 30,
2012 through and including the fiscal quarter ending December 31, 2014, to be
less than $500 million.”
 
 
 

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Section 2. Conditions Precedent to the Effectiveness of this Amendment
 
This Amendment shall become effective as of the date first written above when,
and only when, each of the following conditions precedent shall have been
satisfied or waived (the “Amendment No. 1 Effective Date”) by the Administrative
Agent:
 
(a)           Executed Counterparts.  The Administrative Agent shall have
received this Amendment, duly executed by the Borrower, the Subsidiary
Guarantors, the Administrative Agent, the Collateral Agent and the Required
Lenders;
 
(b)           Lender Fees.  All Lenders who have executed this Amendment prior
to 5:00 P.M. New York City time on June 25, 2012 shall have received a fee equal
to 0.25% of their outstanding Revolving Facility Commitments and Term Loans.
 
(c)           Reimbursement of Expenses.  The Borrower shall have paid to the
Administrative Agent all reasonable out-of-pocket expenses incurred by the
Administrative Agent and invoiced to the Borrower prior to the Amendment No. 1
Effective Date in connection with the preparation, reproduction, execution and
delivery of this Amendment (including, without limitation the reasonable fees,
charges and disbursements of Cahill Gordon & Reindel llp, special counsel to the
Administrative Agent);
 
(d)           Representations and Warranties.  The representations and
warranties set forth in Section 3 of this Amendment shall be true and correct
and the Administrative Agent shall have received a certificate to that effect
from a Responsible Officer of the Borrower;
 
(e)           Opinions of Counsel.  The Administrative Agent shall have
received, on behalf of itself, the Collateral Agent, the Lenders and each
Issuing Bank on the Amendment No. 1 Effective Date, a favorable written opinion
of Cleary Gottlieb Steen and Hamilton LLP, special counsel for the Borrower
addressed to the Administrative Agent, the Collateral Agent, each Issuing Bank
and the Lenders and in form and substance reasonably satisfactory to the
Administrative Agent; and
 
(f)           Flood Insurance.  The Administrative Agent shall have a received a
completed “Life-of-Loan” Federal Emergency Management Agency Standard Flood
Hazard Determination with respect to each property subject to an Existing
Mortgage on which a “Building” (as defined in 12 CFR Chapter III, Section 339.2)
is located (together with a notice about special flood hazard area status and
flood disaster assistance duly executed by the Borrower and each Loan Party
relating thereto) and, if any portion of such Mortgaged Property is located in a
special flood hazard area, evidence of flood insurance to the extent required
pursuant to Section 5.02(c) of the Credit Agreement.
 
 
 

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Section 3. Representations and Warranties
 
On and as of the Amendment No. 1 Effective Date, after giving effect to this
Amendment, the Borrower hereby represents and warrants to the Administrative
Agent and each Lender as follows:
 
(a) this Amendment has been duly authorized, executed and delivered by the
Borrower and constitutes the legal, valid and binding obligations of the
Borrower enforceable against the Borrower in accordance with its terms, and the
Credit Agreement, as amended by this Amendment, constitutes the legal, valid and
binding obligation of the Borrower enforceable against the Borrower in
accordance with its terms, in each case, subject to (i) the effects of
bankruptcy, insolvency, moratorium, reorganization, fraudulent conveyance or
other similar laws affecting creditors’ rights generally, (ii) general
principles of equity (regardless of whether such enforceability is considered in
a proceeding in equity or at law) and (iii) implied covenants of good faith and
fair dealing;
 
(b) each of the representations and warranties contained in Article III
(Representations and Warranties) of the Credit Agreement and each other Loan
Document is true and correct in all material respects on and as of the Amendment
No. 1 Effective Date, as if made on and as of such date, except to the extent
that such representations and warranties expressly relate to an earlier date, in
which case such representations and warranties shall be true and correct in all
material respects as of such earlier date; provided, however, that references
therein to the “Credit Agreement” shall be deemed to refer to the Credit
Agreement as amended hereby and after giving effect to the consents and waivers
set forth herein; and
 
(c) no Default or Event of Default has occurred and is continuing.
 
 
 

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Section 4. Post Closing Matters
 
Within ninety (90) days of the Amendment No. 1 Effective Date, Borrower shall,
and shall cause the applicable Loan Parties to, deliver a supplement to the
Perfection Certificate updating the real property schedules in form and
substance reasonably satisfactory to the Collateral Agent and, within one
hundred eighty (180) days of the Amendment No. 1 Effective Date, Borrower shall,
and shall cause the applicable Loan Parties to, take all actions required by
Section 5.10(b) of the Credit Agreement with respect to each real property that
falls within the definition of Amendment No. 1 Material Real Property, as if
Amendment No. 1 Material Real Property had been acquired after the Third
Amendment Effective Date and as if Section 5.10(b) were applicable by its terms
to Amendment No. 1 Material Real Property.  In addition, on such date as,
pursuant to Section 5.10(c), the requirements of Section 5.10(b) become
applicable to Massey Principal Property, Borrower shall, and shall cause the
applicable Loan Parties to, take all actions required by Section 5.10(c) of the
Credit Agreement with respect to each Massey Principal Property that falls
within the definition of Amendment No. 1 Material Real Property, as if Amendment
No.1 Material Real Property had been acquired on such date.
 
Section 5. Fees and Expenses
 
The Borrower and each other Loan Party agrees to pay on demand in accordance
with the terms of Section 9.05 (Expenses; Indemnity) of the Credit Agreement all
reasonable out-of-pocket expenses of the Administrative Agent in connection with
the preparation, reproduction, execution and delivery of this Amendment
(including, without limitation, the reasonable fees and out-of-pocket expenses
of counsel for the Administrative Agent with respect thereto).
 
 
 

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Section 6. Reference to the Effect on the Loan Documents
 
(a) As of the Amendment No. 1 Effective Date, each reference in the Credit
Agreement to “this Agreement,” “hereunder,” “hereof,” “herein,” or words of like
import, and each reference in the other Loan Documents to the Credit Agreement
(including, without limitation, by means of words like “thereunder”, “thereof”
and words of like import), shall mean and be a reference to the Credit Agreement
as amended hereby, and this Amendment and the Credit Agreement shall be read
together and construed as a single instrument.  Each of the table of contents
and lists of Exhibits and Schedules of the Credit Agreement shall be amended to
reflect the changes made in this Amendment as of the Amendment No. 1 Effective
Date.
 
(b) Except as expressly amended hereby, all of the terms and provisions of the
Credit Agreement and all other Loan Documents are and shall remain in full force
and effect and are hereby ratified and confirmed.
 
(c) The execution, delivery and effectiveness of this Amendment shall not,
except as expressly provided herein, operate as a waiver of any right, power or
remedy of the Lenders, the Borrower or the Administrative Agent under any of the
Loan Documents, nor constitute a waiver or amendment of any other provision of
any of the Loan Documents or for any purpose except as expressly set forth
herein.
 
(d) This Amendment is a Loan Document.
 
 
 

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Section 7. Execution in Counterparts
 
This Amendment may be executed in any number of counterparts and by different
parties in separate counterparts, each of which when so executed shall be deemed
to be an original and all of which taken together shall constitute one and the
same agreement.  Signature pages may be detached from multiple separate
counterparts and attached to a single counterpart so that all signature pages
are attached to the same document.  Delivery of an executed counterpart by
telecopy shall be effective as delivery of a manually executed counterpart of
this Amendment.
 
Section 8. Affirmation of Guarantee and Collateral Agreement and Other
Obligations
 
Each Loan Party (other than the Borrower) hereby consents to the amendments to
the Credit Agreement effected hereby, and hereby confirms and agrees that,
notwithstanding the effectiveness of this Amendment, the obligations of such
Loan Party contained in the Guarantee and Collateral Agreement, or in any other
Loan Documents to which it is a party are, and shall remain, in full force and
effect and are hereby ratified and confirmed in all respects and the Collateral
and the Loan Documents shall continue to secure, guarantee, support and
otherwise benefit the Obligations and the of the Borrower and the other Loan
Parties under this Agreement and the other Loan Documents.
 
Section 9. Governing Law
 
This Amendment shall be construed in accordance with and governed by the laws of
the State of New York.
 
 
 

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Section 10. Section Titles
 
The section titles contained in this Amendment are and shall be without
substantive meaning or content of any kind whatsoever and are not a part of the
agreement between the parties hereto, except when used to reference a
section.  Any reference to the number of a clause, sub-clause or subsection of
any Loan Document immediately followed by a reference in parenthesis to the
title of the section of such Loan Document containing such clause, sub-clause or
subsection is a reference to such clause, sub-clause or subsection and not to
the entire section; provided, however, that, in case of direct conflict between
the reference to the title and the reference to the number of such section, the
reference to the title shall govern absent manifest error.  If any reference to
the number of a section (but not to any clause, sub-clause or subsection
thereof) of any Loan Document is followed immediately by a reference in
parenthesis to the title of a section of any Loan Document, the title reference
shall govern in case of direct conflict absent manifest error.
 
Section 11. Notices
 
All communications and notices hereunder shall be given as provided in the
Credit Agreement.
 
Section 12. Severability
 
The fact that any term or provision of this Agreement is held invalid, illegal
or unenforceable as to any person in any situation in any jurisdiction shall not
affect the validity, enforceability or legality of the remaining terms or
provisions hereof or the validity, enforceability or legality of such offending
term or provision in any other situation or jurisdiction or as applied to any
person.
 
 
 

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Section 13. Successors
 
The terms of this Amendment shall be binding upon, and shall inure to the
benefit of, the parties hereto and their respective successors and assigns.
 
Section 14. Waiver of Jury Trial
 
Each of the parties hereto irrevocably waives trial by jury in any action or
proceeding with respect to this Amendment or any other Loan Document.
 
[SIGNATURE PAGES FOLLOW]
 
 
 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
by their respective officers and general partners thereunto duly authorized, as
of the date first written above.
 
 
ALPHA NATURAL RESOURCES, INC., as the Borrower

 
 
 
By:
/s/ Frank J.
Wood                                                                      

 
Name: Frank J. Wood

 
Title: Executive Vice President, Chief Financial Officer, Treasurer and
Assistant Secretary

 
 
 

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A. T. MASSEY COAL COMPANY, INC.
 
ALEX ENERGY, INC.
 
ALLIANCE COAL CORPORATION
 
ALPHA AMERICAN COAL COMPANY, LLC
 
ALPHA AMERICAN COAL HOLDING, LLC
 
ALPHA APPALACHIA SERVICES, INC.
 
ALPHA COAL RESOURCES COMPANY, LLC
 
ALPHA COAL SALES CO., LLC
  ALPHA COAL WEST, INC.  
ALPHA ENERGY SALES, LLC
 
ALPHA EUROPEAN SALES, INC.
 
ALPHA GAS AND OIL COMPANY
 
ALPHA INDIA, LLC
 
ALPHA LAND AND RESERVES, LLC
 
ALPHA MIDWEST HOLDING COMPANY
 
ALPHA PA COAL TERMINAL, LLC
 
ALPHA SHIPPING AND CHARTERING, LLC
  ALPHA TERMINAL COMPANY, LLC  
ALPHA WYOMING LAND COMPANY, LLC
 
AMFIRE, LLC
 
AMFIRE HOLDINGS, LLC
 
AMFIRE MINING COMPANY, LLC
 
APPALACHIA COAL SALES COMPANY, INC.
 
APPALACHIA HOLDING COMPANY
 
ARACOMA COAL COMPANY, INC.
 
AXIOM EXCAVATING AND GRADING SERVICES, LLC
 
BANDMILL COAL CORPORATION
 
BANDYTOWN COAL COMPANY
 
BARBARA HOLDINGS INC.
 
BARNABUS LAND COMPANY
 
BELFRY COAL CORPORATION
 
BEN CREEK COAL COMPANY
 
BIG BEAR MINING COMPANY
 
BIG LAUREL MINING CORPORATION
 
BLACK DOG COAL, LLC
 
BLACK KING MINE DEVELOPMENT CO.
 
BLACK MOUNTAIN RESOURCES LLC
 
BLUFF SPUR COAL CORPORATION
 
BOONE EAST DEVELOPMENT CO.
 
BOONE ENERGY COMPANY
 
BOONE WEST DEVELOPMENT CO.
 
BROOKS RUN MINING COMPANY, LLC
 
BUCHANAN ENERGY COMPANY, LLC
 
BULL MOUNTAIN MINING CORPORATION
 
CALLAWAY LAND AND RESERVES, LLC

 
 

--------------------------------------------------------------------------------

 

 
CASTLE GATE HOLDING COMPANY
 
CAVE SPUR COAL LLC
 
CENTRAL PENN ENERGY COMPANY, INC.
 
CENTRAL WEST VIRGINIA ENERGY COMPANY
 
CERES LAND COMPANY
 
CLEAR FORK COAL COMPANY
 
CLOVERLICK COAL COMPANY LLC
 
CLOVERLICK MANAGEMENT LLC
 
COAL GAS RECOVERY, LLC
 
COBRA NATURAL RESOURCES, LLC
 
CORAL ENERGY SERVICES, LLC
 
CRYSTAL FUELS COMPANY
 
CUMBERLAND EQUIPMENT CORPORATION
 
CUMBERLAND RESOURCES CORPORATION
 
DEHUE COAL COMPANY
 
DELBARTON MINING COMPANY
 
DELTA MINE HOLDING COMPANY
 
DEMETER LAND COMPANY
 
DICKENSON-RUSSELL COAL COMPANY, LLC
 
DICKENSON-RUSSELL LAND AND RESERVES, LLC
 
DORCHESTER ASSOCIATES LLC
 
DORCHESTER ENTERPRISES, INCORPORATED
 
DOUGLAS POCAHONTAS COAL CORPORATION
 
DRIH CORPORATION
 
DRY SYSTEMS TECHNOLOGIES, INC.
 
DUCHESS COAL COMPANY
 
EAGLE ENERGY, INC.
 
ELK RUN COAL COMPANY, INC.
 
EN ROUTE LLC
 
ENERGY DEVELOPMENT CORPORATION
 
ENTERPRISE LAND AND RESERVES, LLC
 
ENTERPRISE MINING COMPANY, LLC
 
ESPERANZA COAL CO., LLC
 
EXETER COAL CORPORATION
 
FOGLESONG ENERGY COMPANY
 
FOUNDATION MINING, LLC
 
FOUNDATION PA COAL COMPANY, LLC
 
FOUNDATION ROYALTY COMPANY
 
FREEPORT MINING, LLC
 
FREEPORT RESOURCES COMPANY, LLC
 
GOALS COAL COMPANY
 
GREEN VALLEY COAL COMPANY
 
GREYEAGLE COAL COMPANY
 
GUEST MOUNTAIN MINING CORPORATION
 
HADEN FARMS, INC.

 
 

--------------------------------------------------------------------------------

 

 
HANNA LAND COMPANY, LLC
 
HARLAN RECLAMATION SERVICES LLC
 
HAZY RIDGE COAL COMPANY
 
HERNDON PROCESSING COMPANY, LLC
 
HIGH SPLINT COAL LLC
 
HIGHLAND MINING COMPANY
 
HOPKINS CREEK COAL COMPANY
 
INDEPENDENCE COAL COMPANY, INC.
 
JACKS BRANCH COAL COMPANY
 
JAY CREEK HOLDING, LLC
 
JOBONER COAL COMPANY
 
JST LAND COMPANY
 
JST MINING COMPANY
 
JST RESOURCES LLC
 
KANAWHA ENERGY COMPANY
 
KEPLER PROCESSING COMPANY, LLC
 
KINGSTON MINING, INC.
 
KINGSTON PROCESSING, INC.
 
KINGSTON RESOURCES, INC.
 
KINGWOOD MINING COMPANY, LLC
 
KNOX CREEK COAL CORPORATION
 
LAUREL CREEK CO., INC.
 
LAUREN LAND COMPANY
 
LAXARE, INC.
 
LITWAR PROCESSING COMPANY, LLC
 
LOGAN COUNTY MINE SERVICES, INC.
 
LONG FORK COAL COMPANY
 
LYNN BRANCH COAL COMPANY, INC.
 
MAGGARD BRANCH COAL LLC
 
MAJESTIC MINING, INC.
 
MAPLE MEADOW MINING COMPANY
 
MARFORK COAL COMPANY, INC.
 
MARTIN COUNTY COAL CORPORATION
 
MAXXIM REBUILD CO., LLC
 
MAXXIM SHARED SERVICES, LLC
 
MAXXUM CARBON RESOURCES, LLC
 
MCDOWELL-WYOMING COAL COMPANY, LLC
 
MEADOW BRANCH COAL LLC
 
MEADOW BRANCH MINING CORPORATION
 
MILL BRANCH COAL CORPORATION
 
MOUNTAIN MANAGEMENT, INCORPORATED
 
NEW MARKET LAND COMPANY
 
NEW RIDGE MINING COMPANY
 
NEW RIVER ENERGY CORPORATION
 
NEWEAGLE COAL SALES CORP.

 
 

--------------------------------------------------------------------------------

 

 
NEWEAGLE DEVELOPMENT CORP.
 
NEWEAGLE INDUSTRIES, INC.
 
NEWEAGLE MINING CORP.
 
NICCO CORPORATION
 
NICEWONDER CONTRACTING, INC.
 
NICHOLAS ENERGY COMPANY
 
NINE MILE SPUR LLC
 
NORTH FORK COAL CORPORATION
 
ODELL PROCESSING INC.
 
OMAR MINING COMPANY
 
OSAKA MINING CORPORATION
 
PALLADIAN LIME, LLC
 
PANTHER MINING LLC
 
PARAMONT COAL COMPANY VIRGINIA, LLC
 
PAYNTER BRANCH MINING, INC.
 
PEERLESS EAGLE COAL CO.
 
PENNSYLVANIA LAND HOLDINGS COMPANY, LLC
 
PENNSYLVANIA SERVICES CORPORATION
 
PERFORMANCE COAL COMPANY
 
PETER CAVE MINING COMPANY
 
PIGEON CREEK PROCESSING CORPORATION
 
PILGRIM MINING COMPANY, INC.
 
PIONEER FUEL CORPORATION
 
PIONEER MINING, INC.
 
PLATEAU MINING CORPORATION
 
POWELL RIVER RESOURCES CORPORATION
 
POWER MOUNTAIN COAL COMPANY
 
PREMIUM ENERGY, LLC
 
RAVEN RESOURCES, INC.
 
RAWL SALES & PROCESSING CO.
 
RED ASH SALES COMPANY, INC.
 
RESOURCE DEVELOPMENT LLC
 
RESOURCE LAND COMPANY LLC
 
RIVER PROCESSING CORPORATION
 
RIVEREAGLE CORP.
 
RIVERSIDE ENERGY COMPANY, LLC
 
RIVERTON COAL PRODUCTION INC.
 
RIVERTON COAL SALES, INC.
 
ROAD FORK DEVELOPMENT COMPANY, INC.
 
ROBINSON-PHILLIPS COAL COMPANY
 
ROCKSPRING DEVELOPMENT, INC.
 
RODA RESOURCES LLC
 
ROSTRAVER ENERGY COMPANY
 
RUHRKOHLE TRADING CORPORATION
 
RUM CREEK COAL SALES, INC.

 
 

--------------------------------------------------------------------------------

 

 
RUSSELL FORK COAL COMPANY
 
SC COAL CORPORATION
 
SCARLET DEVELOPMENT COMPANY
 
SHANNON-POCAHONTAS COAL CORPORATION
 
SHENANDOAH CAPITAL MANAGEMENT CORP.
 
SIDNEY COAL COMPANY, INC.
 
SIMMONS FORK MINING, INC.
 
SOLOMONS MINING COMPANY
 
SPARTAN MINING COMPANY
 
STILLHOUSE MINING LLC
 
STIRRAT COAL COMPANY
 
STONE MINING COMPANY
 
SUPPORT MINING COMPANY
 
SYCAMORE FUELS, INC.
 
T. C. H. COAL CO.
 
TALON LOADOUT COMPANY
 
TENNESSEE CONSOLIDATED COAL COMPANY
 
TENNESSEE ENERGY CORP.
 
TOWN CREEK COAL COMPANY
 
TRACE CREEK COAL COMPANY
 
TUCSON LIMITED LIABILITY COMPANY
 
TWIN STAR MINING, INC.
 
VANTAGE MINING COMPANY
 
VIRGINIA ENERGY COMPANY, LLC
 
WABASH MINE HOLDING COMPANY
 
WARRICK HOLDING COMPANY
 
WEST KENTUCKY ENERGY COMPANY
 
WHITE BUCK COAL COMPANY
 
WHITE FLAME ENERGY, INC.
 
WILLIAMS MOUNTAIN COAL COMPANY
 
WINIFREDE COAL CORPORATION
 
WYOMAC COAL COMPANY, INC.,

 
 
 
By:
/s/ Vaughn R.
Groves                                                                   

 
Name: Vaughn R. Groves

 
Title: Vice President and Secretary

 
 
 

--------------------------------------------------------------------------------

 
 

 
ALPHA APPALACHIA HOLDINGS, INC.
 
ALPHA NATURAL RESOURCES, LLC

 
 
By:
/s/ Vaughn R.
Groves                                                                   

 
Name: Vaughn R. Groves

 
Title: Executive Vice President, General Counsel and Assistant Secretary

 

 

 
ALPHA NATURAL RESOURCES SERVICES, LLC

 
 
By:
/s/ Vaughn R.
Groves                                                                   

 
Name: Vaughn R. Groves

 
Title: Executive Vice President, General Counsel and Secretary

 

 
ALPHA AUSTRALIA, LLC
 
ALPHA AUSTRALIA SERVICES, LLC

 
 
 
By:
/s/ Vaughn R.
Groves                                                                   

 
Name: Vaughn R. Groves

 
Title: Vice President

 
 

--------------------------------------------------------------------------------

 

 
AMFIRE WV, L.P.
 
By: AMFIRE Holdings, LLC,
       as General Partner

 
 
 
By:
/s/ Vaughn R.
Groves                                                                   

 
Name: Vaughn R. Groves

 
Title: Vice President

 
 
 

 
CUMBERLAND COAL RESOURCES, LP
 
By: Pennsylvania Services Corporation,
       as General Partner

 
 
By:
/s/ Vaughn R.
Groves                                                                   

 
Name: Vaughn R. Groves

 
Title: Vice President and Secretary

 
 

 
EMERALD COAL RESOURCES, LP
 
By: Pennsylvania Services Corporation,
       as General Partner

 
 
 
By:
/s/ Vaughn R.
Groves                                                                   

 
Name: Vaughn R. Groves

 
Title: Vice President and Secretary

 
 

--------------------------------------------------------------------------------

 

 
ALPHA NATURAL RESOURCES INTERNATIONAL, LLC
 
ALPHA SUB FIVE, LLC
 
ALPHA SUB FOUR, LLC
 
ALPHA SUB ONE, LLC
 
ALPHA SUB THREE, LLC
 
ALPHA SUB TWO, LLC

 
 
By:
/s/ Vaughn R.
Groves                                                                   

 
Name: Vaughn R. Groves

 
Title: President, Manager and Secretary

 
 
 

--------------------------------------------------------------------------------

 

 
CITICORP NORTH AMERICA, INC.

 
as Administrative Agent, Collateral Agent

 
 and Lender

 
 
 
By:
/s/ Christopher
Wood                                                                          

 
Name: Christopher Wood

 
Title: Vice President

 

 
 

--------------------------------------------------------------------------------

 

 
AMMC CLO III, LIMITED, as a Lender

 
By:
American Money Management Corp., as Collateral Manager  

 
 
 
By:
/s/ Chester
M. Eng                                                                            
 

 
Name: Chester M. Eng

 
Title: Senior Vice President

 

 
 

--------------------------------------------------------------------------------

 

 
AMMC CLO IV, LIMITED, as a Lender

 
By:
American Money Management Corp., as Collateral Manager  

 
 
 
By:
/s/ Chester
M. Eng                                                                            
 

 
Name: Chester M. Eng

 
Title: Senior Vice President

 
 

--------------------------------------------------------------------------------

 

 
AMMC CLO V, LIMITED, as a Lender

 
By:
American Money Management Corp., as Collateral Manager  

 
 
 
By:
/s/ Chester
M. Eng                                                                            
 

 
Name: Chester M. Eng

 
Title: Senior Vice President

 
 

--------------------------------------------------------------------------------

 

 
AMMC CLO VI, LIMITED, as a Lender

 
By:
American Money Management Corp., as Collateral Manager  

 
 
 
By:
/s/ Chester
M. Eng                                                                            
 

 
Name: Chester M. Eng

 
Title: Senior Vice President

 
 

--------------------------------------------------------------------------------

 

 
BANK OF AMERICA, N.A., as a Lender

 
 
 
By:
/s/ Adam H.
Fey                                                                                    
 

 
Name: Adam H. Fey

 
Title: Director

 
 

--------------------------------------------------------------------------------

 

 
Bank of Montreal, Chicago Branch, as a Lender

 
 
 
By:
/s/ Yacouba
Kane                                                                                     
 

 
Name: Yacouba Kane

 
Title: Vice President

 
 

--------------------------------------------------------------------------------

 

 
The Bank of Tokyo-Mitsubishi UFJ, Limited, as a Lender

 
 
 
By:
/s/
Charles Stewart                                                                                    
 

 
Name: Charles Stewart

 
Title: Director

 
 

--------------------------------------------------------------------------------

 

 
BARCLAYS BANK PLC, as a Lender

 
 
 
By:
/s/ Michael J.
Mozer                                                                                
 

 
Name: Michael J. Mozer

 
Title: Vice President

 
 

--------------------------------------------------------------------------------

 

 
The Bank of East Asia, New York Branch, as a Lender

 
 
 
By:
/s/ James
Hua                                                                                
 

 
Name: James Hua

 
Title: SVP

 
 
By:
/s/ Kitty
Sin                                                                                
 

 
Name: Kitty Sin

 
Title: SVP

 

 
 

--------------------------------------------------------------------------------

 

 
Branch Banking and Trust Company, as a Lender

 
 
 
By:
/s/ Troy R.
Weaver                                                                               
 

 
Name: Troy R. Weaver

 
Title: Senior Vice President

 

 
 

--------------------------------------------------------------------------------

 
 
Cadence Bank, N.A., as a Lender

 
 
 
By:
/s/ Ashley
Sloan                                                                               
 

 
Name: Ashley Sloan

 
Title: Vice President

 

 
 

--------------------------------------------------------------------------------

 
 
CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as a Lender

 
 
 
By:
/s/ Blake
Wright                                                                             
 

 
Name: Blake Wright

 
Title: Managing Director

 
 
By:
/s/ Matt
Helm                                                                             
 

 
Name: Matt Helm

 
Title: Director

 

 
 

--------------------------------------------------------------------------------

 

 
Citicorp North America, Inc., as a Lender

 
 
 
By:
/s/ Justin S.
Tichauer                                                                             
 

 
Name: Justin S. Tichauer

 
Title: Vice President

 
 
 

--------------------------------------------------------------------------------

 

 
Deutsche Bank Trust Company Americas, as a Lender

 
 
 
By:
/s/ Marcus M.
Tarkington                                                                             
 

 
Name: Marcus M. Tarkington

 
Title: Director

 
 
By:
/s/ Michael Getz               
                                                                               

 
Name: Michael Getz

 
Title: Vice President

 
 
 

--------------------------------------------------------------------------------

 

 
GOLDMAN SACHS BANK USA, as a Lender

 
 
 
By:
/s/ Michelle
Latzoni                                                                       

 
Name: Michelle Latzoni

 
Title: Authorized Signatory

 
 
 

--------------------------------------------------------------------------------

 

 
JPMORGAN CHASE BANK, N.A. as a Lender

 
 
 
By:
/s/ Brian
Knapp                                                                       

 
Name: Brian Knapp

 
Title: Vice President

 
 
 

--------------------------------------------------------------------------------

 

 
CONFLUENT 4 LIMITED
 
As Lender
 
By: Loomis, Sayles & Company, L.P.
       As Sub-Manager
 
By: Loomis, Sayles & Company, Incorporated
       Its General Partner
, as a Lender

 
 
 
By:
/s/ Mary McCarthy                                                               

 
Name: Mary McCarthy

 
Title: Vice President

 
 

--------------------------------------------------------------------------------

 

 
MORGAN STANLEY SENIOR FUNDING, INC.
   as a Lender

 
 
 
By:
/s/ Dmitriy
Barskiy                                                                      

 
Name: Dmitriy Barskiy

 
Title: Vice President

 
 
 

--------------------------------------------------------------------------------

 

 
PNC Bank, National Association, as a Lender

 
 
 
By:
/s/ Richard C.
Munsick                                                                      

 
Name: Richard C. Munsick

 
Title: Senior Vice President

 
 
 

--------------------------------------------------------------------------------

 

 
RAYMOND JAMES BANK N.A., as a Lender

 
 
 
By:
/s/ Scott G.
Axelrod                                                                      

 
Name: Scott G. Axelrod

 
Title: Vice President

 
 
 

--------------------------------------------------------------------------------

 

 
The Royal Bank of Scotland plc, as a Lender

 
 
 
By:
/s/ David
Slye                                                                      

 
Name: David Slye

 
Title: Authorised Signatory

 
 
 

--------------------------------------------------------------------------------

 

 
Sumitomo Mitsui Banking Corp., as a Lender

 
 
 
By:
/s/ Shuji
Yabe                                                                      

 
Name: Shuji Yabe

 
Title: Managing Director

 
 
 

--------------------------------------------------------------------------------

 

 
Sovereign Bank, N.A., as a Lender

 
 
 
By:
/s/ Robert D.
Lanigan                                                                      

 
Name: Robert D. Lanigan

 
Title: SVP

 
 
 

--------------------------------------------------------------------------------

 

 
UBS LOAN FINANCE LLC, as a Lender

 
 
 
By:
/s/ Irja R.
Otsa                                                                      

 
Name: Irja R. Otsa

 
Title: Associate Director

 
 
By:
/s/ Mary E. Evans                                                               
 

 
Name: Mary E. Evans

 
Title: Associate Director

 
 
 

--------------------------------------------------------------------------------

 

 
UNION BANK, .N.A., as a Lender

 
 
 
By:
/s/ Richard G.
Reeves                                                                      

 
Name: Richard G. Reeves

 
Title: Senior Vice President

 
 
 

--------------------------------------------------------------------------------

 

 
U.S. Bank National Association, as a Lender

 
 
 
By:
/s/ John M.
Eyerman                                                                      

 
Name: John M. Eyerman

 
Title: Vice President

 
 
 

--------------------------------------------------------------------------------

 

 
1776 CLO I, Ltd., as a Lender

 
 
 
By:
/s/ Ron
Polye                                                                      

 
Name: Ron Polye

 
Title: Trade

 
 
 

--------------------------------------------------------------------------------

 

 
Wells Fargo Bank N.A., as a Lender

 
 
 
By:
/s/ Jeffrey S.
Linick                                                                      

 
Name: Jeffrey S. Linick

 
Title: Senior Vice President