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EMPLOYMENT AGREEMENT 
THIS EMPLOYMENT AGREEMENT (“Agreement”), made as of July 12, 2021, 
effective on September 1, 2021, between CORONADO GLOBAL RESOURCES INC. (the 
“Company”), a Delaware corporation and Christopher P. 
Meyering (“Employee”), presently 
residing in or near ***. 
WITNESSETH: 
WHEREAS, the Company wishes to offer employment to the Employee and to 
protect against Employee’s competing against the Company, 
and Employee desires to be 
employed by the Company and to provide assurances of confidentiality as set forth in this 
Agreement, 

NOW, 
THEREFORE, intending to be legally bound hereby, the Company hereby 
agrees to employ Employee, and Employee hereby agrees to be employed by the Company, 
upon the following terms and conditions: 
1.
Duties and Responsibilities. 
Employee shall hold the position of Vice President, Chief Legal Officer & Secretary 
and shall render such services and perform such duties commensurate with his position as 
may be reasonably assigned to him from time to time by the Company. 
Excluding any 
periods of vacation and sick leave to which Employee is entitled, Employee agrees to devote 
reasonable attention and time during normal business hours to the business and affairs of the 
Company and, to the extent necessary to discharge the responsibilities assigned to Employee 
hereunder, to use Employee’s 
reasonable best efforts to perform faithfully and efficiently 
such responsibilities. 
2.
Compensation. 
(a)
Employee’s base salary effective as of the effective 
date set forth above shall 
be US$500,000 per year, which shall be reviewed from time to time and may be increased 
by the Company in the best interests of the Company and in accordance with Employee’s 
then current responsibilities, paid in accordance with the Company’s regular payroll 
practices and on regularly scheduled payroll dates. 
In addition, Employee shall be entitled 
to participate in all short-term incentive, long term incentive, welfare, savings and retirement 
and other employee benefit plans, practices, policies, and programs applicable generally to 
other executive officers of the Company. 
(b)
The Company shall reimburse the Employee for all reasonable business 
expenses paid by the Employee in the performance of his duties or as otherwise may be 
approved by the Company. 
Expenses shall be reimbursed within a reasonable period of time 
(not to exceed four (4) weeks) following the submission of appropriate proof of any such 
expenditures. 
3.
Term; Termina 
tion of Employment. 
(a)
Subject to the terms and provisions of this Agreement, Employee’s 
employment hereunder shall commence as of September 1, 2021 and shall continue until 
December 31, 2022 (the “Expiration Date”). 
Notwithstanding the forgoing to the contrary, 
each year the Expiration Date shall be automatically extended to December 31 of the 
following year unless either party gives written notice to the other party, on or before 
September 30 of the year in which the Expiration Date is scheduled to occur, of its intention 
not to extend the Expiration Date. 

(b)
The employment of Employee hereunder may be terminated by the Company 
with or without Cause (as defined below) or by Employee with or without Good Reason (as 






 

 

 

 

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defined below). 
Employee’s employment shall terminate automatically if Employee dies. 
If 
the Company determines in good faith that the Disability (as defined below) of Employee 
has occurred, it may give to Employee written notice of its intention to terminate 
Employee’s employment. 
In such event, Employee’s employment with the Company shall 
terminate effective on the 30th day after receipt of such notice by Employee, provided that, 
within the thirty (30) days after such receipt, Employee shall not have returned to full-time 
performance of Employee’s duties. Nothing in this section shall be construed to waive the 
Employee's rights, if any, under existing law including, without limitation, the Americans 
with Disabilities Act. 
(c)
“Cause” shall mean by reason of Employee’s: (i) conviction of, or plea of 
nolo 
contendere 
to, any felony or to any crime or offense causing substantial harm to the 
Company or its affiliates or involving acts of theft, fraud, embezzlement, moral turpitude, or 
similar conduct, (ii) repeated intoxication by alcohol or drugs during the performance of 
such Employee’s duties in a manner that materially and adversely affects the Employee's 
performance of such duties, (iii) malfeasance, in the conduct of such Employee's duties, that 
consists of (1)
willful and intentional misuse or diversion of funds of the Company or its 
affiliates, (2) embezzlement, or (3) fraudulent or willful and material misrepresentations or 
concealments on any written reports submitted to the Company or its Affiliates, or (iv) 
material failure to perform the duties of Employee’s employment or material failure to 
follow or comply with the reasonable and lawful written directives of the board of directors 
or the board of managers or other governing body a subsidiary or affiliate of the Company 
by which such Employee is employed, in either case after the Employee shall have been 
informed, in writing, of such material failure and given a period of not more than thirty (30) 
days to fully remedy same. 

(d)
“Disability” shall mean Employee's incapacity due to physical or mental 
illness that (i) shall have prevented Employee from performing his duties for the Company 
or any of its subsidiaries or affiliates on a full-time basis for more than one hundred eighty 
(180) days or (ii) (1) the board of directors determines, in good faith, is likely to prevent 
Employee from performing such duties for such a 180-day period and (2) thirty (30) days 
has elapsed since delivery to Employee of the determination of the board and Employee has 
not resumed such performance of duties. 

(e)
“Good Reason” shall mean, without Employee’s express written consent, the 
occurrence of any one or more of the following: (i) a material diminution of Employee’s 
authorities, duties, responsibilities, and status (including offices, titles, and reporting 
requirements) as an employee of the Company or any successor thereof (any such 
diminution occurring as a result of the Company’s ceasing to be a publicly traded entity (or 
its merger into, or acquisition of the business of the Company or of a substantial portion of 
its assets by, another publicly traded entity) shall be deemed material for purposes of the 
foregoing); (ii) the Company’s requiring Employee to be based at a location in excess of 
thirty-five miles from the location of Employee’s principal job location or office 
immediately prior to such change; (iii) a reduction in Employee’s base salary or any material 
reduction by the Company of Employee’s other compensation or benefits; (iv) the failure of 
the Company to obtain a satisfactory agreement from any successor to the Company to 
assume and agree to perform the Company’s obligations under this Agreement; (v) any 
purported termination by the Company of Employee’s employment that (1) is not effected 
pursuant to a notice of termination indicating the specific termination provision in this 
Agreement relied upon, and (2) shall set forth in reasonable detail the facts and 
circumstances claimed to provide a reasonable good faith basis for termination of 
Employee’s employment; and (vi) a material breach of this Agreement by the Company. 
Employee must deliver the Company written notice of his resignation for Good Reason no 
later than thirty (30) days after the occurrence of any such event in order for Employee’s 
resignation with Good Reason to be effective hereunder, such resignation will not be 
effective until the 30th day following receipt of such written notice by the Company (the 






 

 

 

 

 

 

 

 

 

 

 

 

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“cure period”) and such resignation shall not be deemed to be for “Good Reason” hereunder 
unless the circumstance giving rise to Employee’s “Good Reason” remains uncured at the 
end of the cure period. 
4.
Compensation Upon Termination of Employment. 
(a)
Termination by the Company for Cause or Resignation by Employee Without 
Good Reason. 
If Employee’s employment is terminated by the Company for Cause or by 
Employee without Good Reason, the Company shall provide the following (referred to in 
this Agreement as the “Accrued Obligations”) to the Employee (i) Employee’s base salary, 
vacation, unpaid business expenses and other cash entitlements accrued through the date of 
termination shall be paid to Employee in a lump sum of cash on the first regularly scheduled 
payroll date that is at least ten (10) days from the date of termination to the extent 
theretofore 
unpaid, (ii) the amount of any compensation previously deferred by Employee 
shall be paid to Employee in accordance with the terms of the applicable deferred 
compensation plan to the extent theretofore unpaid and (iii) amounts that are vested benefits 
or that Employee is otherwise entitled to receive under any plan, policy, practice or program 
of or any other contract or agreement with the Company at or subsequent to the date of 
termination, payable in accordance with such plan, policy, practice or program or contract or 
agreement, and the Company shall have no other severance obligations with respect to 
Employee under this Agreement. 

(b)
Termination by the Company Without 
Cause or Resignation by the Employee 
for Good Reason. 
If Employee’s employment is terminated by the Company without Cause 
or if Employee resigns for Good Reason, the Company shall provide the following to 
Employee (i) the Accrued Obligations, payable as provided in Section 4(a) hereof, (ii) a 
period of twelve (12) months (“Severance Period”) base salary based upon the salary 
Employee earned at the time of his termination, and (iii) an amount equal to the cost to 
Employee for the continuation of any health and medical benefits during the Severance 
Period. 
Any payments due hereunder shall be conditioned upon Employee having provided, 
within sixty (60) days of his termination of employment, an irrevocable waiver and general 
release of claims in favor of the Company (and its respective affiliates, subsidiaries, 
successors, officers, directors, and employees) in a form reasonably satisfactory to the 
Company. 
(c)
Death or Disability. 
If Employee’s employment is terminated by reason of 
Employee’s death or Disability, 
the Company shall provide the Accrued Obligations to 
Employee, or in the event of Employee’s death, to his estate or beneficiaries, and the 
Company shall have no other severance obligations with respect to Employee under this 
Agreement. 

5.
Confidential Information, etc. 
(a)
Employee recognizes and acknowledges that: (i) in the course of Employee’s 
employment by the Company it will be necessary for Employee to acquire information 
which could include, in whole or in part, information concerning the Company’s sales, sales 
volume, sales methods, sales proposals, customers and prospective customers, identity of 
customers and prospective customers, identity of key purchasing personnel in the employ of 
customers and prospective customers, amount or kind of customers’ purchases from the 
Company, the Company’s 
sources of supply, computer programs, system documentation, 
special hardware, product hardware, related software development, manuals, formulae, 
processes, methods, machines, compositions, ideas, improvements, inventions or other 
confidential or proprietary information belonging to the Company or relating to the 
Company’s affairs (collectively referred to herein as the “Confidential Information”); (ii) the 
Confidential Information is the property of the Company; (iii) the use, misappropriation or 
disclosure of the Confidential Information would constitute a breach of trust and could cause 
irreparable injury to the Company; and (iv) it is essential to the protection of the Company’s 
good will and to the 







 

 

 

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maintenance of the Company’s competitive position that the Confidential Information be 
kept secret and that Employee not disclose the Confidential Information to others or use the 
Confidential Information to Employee’s own advantage or the advantage of others. 
For 
purposes of this Agreement, Confidential Information shall not include information known 
by Employee before his employment with the Company or information that becomes 
publicly available through some means other than disclosure by Employee in violation of 
this Agreement. 

(b)
Employee further recognizes and acknowledges that it is essential for the 
proper protection of the business of the Company that Employee be restrained (i) from 
soliciting or inducing any employee of the Company or of any subsidiary of the Company 
(for purposes of 
Sections 5, 6 and 7 herein the “Company” shall mean to include any 
subsidiaries or affiliates thereof) to leave the employ of the Company, 
(ii) from hiring or 
attempting to hire any Employee of the Company, (iii) from soliciting the trade of or trading 
with the customers of the Company for any business purpose, and (iv) from competing 
against the Company each according to the terms of Section 6 following. 
6.
Confidentiality, Non-compete and Related Covenants. 
(a)
Employee agrees to hold and safeguard the Confidential Information in trust 
for the Company, its successors and assigns and agrees that he shall not, without the prior 
written consent of the Company, disclose or make available to anyone for use outside the 
Company at any time, either during his employment by the Company or subsequent to the 
termination or resignation of his employment by the Company, for any reason, any of the 
Confidential Information, whether or not developed by Employee, except as required in the 
performance of Employee’s duties to the Company. 
For the avoidance of doubt, this 
provision shall not prohibit Employee from reporting possible violations of federal law or 
regulation to any governmental agency or entity or from making other disclosures that are 
protected under the whistleblower provisions of federal law or regulation. 
The Company’s 
approval shall not be required, nor shall notice to the Company be required, in connection 
with such reports or disclosures. 
(b)
Upon the termination of Employee’s employment by the Company or 
resignation by the Employee, for any reason, Employee shall promptly deliver to the 
Company all originals and copies of correspondence, drawings, blueprints, financial and 
business records, marketing and publicity materials, manuals, letters, notes, notebooks, 
laptops, reports, flow-charts, programs, proposals and any documents concerning the 
Company’s customers or concerning products or processes used by the Company and, 
without limiting the foregoing, shall promptly deliver to the Company any and all other 
documents or materials containing or constituting Confidential Information. 
(c)
Subject to the provisions of Section 6(f) following, Employee agrees that 
during his employment by the Company he shall not, directly or indirectly, solicit the trade 
of, or trade with, any customer or prospective customer of the Company for any business 
purpose other than for the benefit of the Company. 
Upon termination of Employee’s 
employment by the Company, including without limitation 
termination by the Company in a 
termination for Cause or otherwise, or upon the resignation of the Employee, except in the 
case of Good Reason, Employee further agrees that for a period of one (1) year after the 
cessation of employment hereunder, Employee shall not, directly or indirectly, 
solicit the 
trade of, or trade with, any customers, or prospective customers, of the Company, or solicit 
or induce, or attempt to solicit or induce, any employee of the Company to leave the 
Company for any reason whatsoever or hire any employee of the Company. 

 







 

 

 

 

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(d)
Subject to the provisions of Section 6(f) following, during the period of 
Employee’s employment hereunder and upon termination of Employee’s 
employment by the 
Company, including without limitation termination by the Company in a termination for 
Cause or otherwise, or upon the resignation of the Employee except in the case of Good 
Reason, Employee agrees that for a period of one (1) year after the cessation of employment 
hereunder, Employee shall not, in any Competitive Territory, 
engage, directly or indirectly, 
whether as principal or as agent, officer, director, 
employee, consultant, shareholder or 
otherwise, alone or in association with any other person, corporation or other entity, in any 
Competing Business. 
For purposes of this Agreement, (i) the term “Competing Business” 
shall mean the production or sales of metallurgical bituminous coal, and (ii) the term 
“Competitive Territory” shall mean the United States of America, Australia and any other 
nation in which, to the knowledge of Employee, the Company has made or considered 
making such sales, either itself or through a subsidiary, affiliate or joint venture partner, 
during the last two years prior to the termination of Employee’s employment hereunder. 
(e)
Prior to accepting employment during the one-year non-compete period 
referred to in Section 6(d), Employee shall notify the Company of such employment 
opportunity in reasonable detail in order for the Company to determine if the position 
Employee is seeking violates this Agreement. 
(f)
Notwithstanding the provisions of Sections 6(c) or 6(d) to the contrary, the 
Company, it is sole and absolute discretion, may, 
by written notice delivered to Employee 
promptly after the termination of Employee’s employment by the Company or the 
resignation of Employee, elect to waive and not enforce the non-solicitation and non-
compete provisions of Sections 6(c) and 6(d). 

(g)
Unless the Company has provided notice that it has waived and will not 
enforce both the non-solicitation and non-compete provisions of Sections 6(c) and 6(d) as 
provided in Section 6(f), during the one-year period beginning on the first business day 
following the last day of Employee’s employment with the Company, 
the Company shall 
pay the Employee, in twelve equal monthly payments during such year commencing thirty 
(30) days after the last day of Employee’s employment with the Company, 
an amount equal 
to one half (1/2) of the annual salary of Employee as of the business day immediately 
preceding the last day of Employee’s employment with the Company. 
Payments under this 
section shall be in addition to any severance or other payments due to Employee under the 
terms of this Agreement. 
During such one-year period (unless the waiver contemplated by 
Section 6(f) has been made), and in consideration of the payments contemplated by this 
Section 6(g), Employee agrees to consult with the Company as requested by the Company 
provided such consultation: shall not require more than twenty (20) hours of consultation per 
week; shall not unreasonably interfere with any subsequent employment (if any) secured by 
Employee during such one-year period, and shall be reasonably related to the duties of 
Employee while employed. 
At Employee’s discretion, Employee shall provide such 
consultation by phone, e-mail or other remote communication or at the location of 
Employee’s principal job location or office immediately prior to the termination of his 
employment and shall not be required to otherwise travel. 
7.
Injunctive and other relief. 
(a)
Employee represents that his experience and capabilities are such that Sections 
5 and 6 hereof not prevent him from earning his livelihood and acknowledges that it would 
cause the Company serious and irreparable injury and cost if Employee were to use his 
ability and knowledge in competition with the Company or to otherwise breach the 
obligations contained in said paragraphs. 
 







 

 

 

 

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(b)
In the event of a breach by Employee of the terms of this Agreement, the 
Company shall be entitled, if it shall so elect, to institute legal proceedings to enforce the 
specific performance of this Agreement by Employee and to enjoin Employee from any 
further violation of this Agreement and to exercise such remedies cumulatively or in 
conjunction with all other rights and remedies provided by law. 
Employee acknowledges, 
however, that the remedies at law for any breach by him of the provisions of this Agreement 
may be inadequate and that the Company shall be entitled to injunctive relief against him in 
the event of any breach. 
(c)
It is the intention of the parties that the provisions of Sections 5 and 6 hereof 
shall be enforceable to the fullest extent permissible under applicable law, but that the 
unenforceability (or modification to conform to such law) of any provision or provisions 
hereof shall not render unenforceable, or impair, the remainder thereof. 
If any provision or 
provisions hereof shall be deemed invalid or unenforceable, either in whole or in part, this 
Agreement shall be deemed amended to delete or modify, as necessary, 
the offending 
provision or provisions and to alter the bounds thereof in order to render it valid and 
enforceable. 
8.
Governing Law. 
This Agreement shall be governed by and construed in accordance with the laws of 
the State of Connecticut without giving effect to any choice or conflict of law provision or 
rule (whether of the State of Connecticut or any other jurisdiction) that would cause the 
application of the laws of any jurisdiction other than the State of Connecticut. 
9.
Amendments, waivers, etc. 
No amendment of any provision of this Agreement, and no postponement or waiver of 
any such provision or of any default, misrepresentation, or breach of warranty or covenant 
hereunder, whether intentional or not, shall be valid unless such amendment, postponement 
or waiver is in writing and signed by or on behalf of the Company and Employee. 
No such 
amendment, postponement or waiver shall be deemed to extend to any prior or subsequent 
matter, whether or not similar to the subject matter of such amendment, postponement or 
waiver. 
No failure or delay on the part of the Company or Employee in exercising any right, 
power or privilege under this Agreement shall operate as a waiver thereof nor shall any single 
or partial exercise of any right, power or privilege hereunder preclude any other or further 
exercise thereof or the exercise of any other right, power or privilege. 
10.
Assignment. 
The rights and duties of the Company under this Agreement may be transferred to, 
and shall be binding upon, any person or company which acquires or is a successor to the 
Company, its business or a significant portion of the assets of the Company by merger, 
purchase or otherwise, and the Company shall require any such acquirer or successor by 
agreement in form and substance reasonably satisfactory to Employee, expressly to assume 
and agree to perform this Agreement in the same manner and to the same extent that the 
Company, as the case may be, would be required to perform if no such acquisition or 
succession had taken place. 
Regardless of whether such agreement is executed, this 
Agreement shall be binding upon any acquirer or successor in accordance with the operation 
of law and such acquirer or successor shall be deemed the “Company”, as the case may be, 
for purposes of this Agreement. 
The Employee may not transfer any of his respective rights 
and duties hereunder except with the written consent of the Company. 
 







 

 

 

 

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11.
Interpretation, etc. 
The Company and Employee have participated jointly in the negotiation and drafting 
of this Agreement. 
If an ambiguity or question of intent or interpretation arises, this 
Agreement shall be construed as if drafted jointly by the Company and Employee and no 
presumption or burden of proof shall arise favoring or disfavoring the Company or Employee 
because of the authorship of any of the provisions of this Agreement. 
The word “including” 
shall mean including without limitation. 
The rights and remedies expressly specified in this 
Agreement are cumulative and are not exclusive of any rights or remedies which either party 
would otherwise have. 
The Section headings hereof are for convenience only and shall not 
affect the meaning or interpretation of this Agreement. 
For purposes of this Agreement, the 
term “termination” when used in the context of a condition to, or timing of, payment 
hereunder shall be interpreted to mean a “separation from service” as that term is used in 
Section 409A of the Code. 

12.
Integration; counterparts. 
This Agreement constitutes the entire agreement among the parties and supersedes 
any prior understandings, agreements or representations by or among the parties, written or 
oral, to the extent they relate to the subject matter hereof. 
This Agreement may be executed 
in one or more counterparts, each of which shall be deemed an original but all of which 
together shall constitute one and the same instrument. 
It shall not be necessary in making 
proof of this Agreement to produce or account for more than one such counterpart. 
13.
Code Section 409A. 

This Agreement is intended to comply with Section 409A of the Internal Revenue 
Code of 1986, as amended (the “Code”), and its corresponding regulations, or an exemption, 
and payments may only be made under this Agreement upon an event and in a manner 
permitted by Section 409A, to the extent applicable. Any payments that qualify for the 
"short-term deferral" exception or another exception under Section 409A shall be paid under 
the applicable exception. Notwithstanding anything in this Agreement to the contrary, if 
required by Section 409A, if the Employee is considered a "specified employee" for purposes 
of Section 409A and if payment of any amounts under this Agreement is required to be 
delayed for a period of six months after separation from service pursuant to Section 409A 
(after taking into account all applicable exemptions), payment of such amounts shall be 
delayed as required by Section 409A, and the accumulated amounts shall be paid in a lump 
sum payment within ten (10) days after the end of the six-month period. 
If the Employee dies 
during the postponement period prior to the payment of benefits, the amounts withheld on 
account of Section 409A shall be paid to the personal representative of the Employee's estate 
within sixty (60) days after the date of the Employee's death. 
All payments to be made upon 
a termination of employment under this Agreement may only be made upon a "separation 
from service" under Section 409A. 
For purposes of Section 409A of the Code, the right to a 
series of installment payments under this Agreement shall be treated as a right to a series of 
separate payments. 
In no event may the Employee, directly or indirectly, designate the 
calendar year of a payment. All reimbursements and in-kind benefits provided under the 
Agreement shall be made or provided in accordance with the requirements of Section 409A, 
including, where applicable, the requirement that (i) any reimbursement is for expenses 
incurred during the period of time specified in this Agreement or if no such period is 
specified, during the Employee's lifetime, (ii) the amount of expenses eligible for 
reimbursement, or in kind benefits provided, during a calendar year may not affect the 
expenses eligible for reimbursement, or in kind benefits to be provided, in any other calendar 
year, (iii) the reimbursement of an eligible expense will be made no later than the last day of 
the calendar year following the year in which the expense is incurred, and (iv) the right to 
reimbursement or in kind benefits is not subject to liquidation or exchange for another 
benefit. Notwithstanding any provision contained herein, in no event shall the Company be 
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Employee for any additional tax (or related penalties and interest) Employee may incur by 
reason of application of Section 409A. 
“Termination of employment,” “resignation” or 
words of similar import, as used in this Agreement shall mean, with respect to any payments 
subject to Section 409A, the Employee’s “separation from service” as defined by Section 
409A. 
14.
Notices. 
Any notice, consent, waiver and other communications required or permitted pursuant 
to the provisions of this Agreement must be in writing and shall be deemed to have been 
properly given (a) when delivered by hand; (b) when sent by email (with acknowledgment of 
complete transmission), provided that a copy is also mailed by U.S. certified mail, return 
receipt requested; (c) five (5) days after sent by certified mail, return receipt requested; or (d) 
three (3) days after deposit with a nationally recognized overnight delivery service, in each 
case to the appropriate addresses and email addresses set forth below: 
If to Employee: 
Christopher P. 
Meyering 
*** 
Email: *** 
If to the Company: 
Coronado Global Resources 
Lvl 33 CP1, 345 Queen Street 
Brisbane, 4000, Australia 
Attn: Garold Spindler 
Email: *** 
15.
Vacation 
. 

The Employee shall initially be entitled to not less than four (4) week’s annual paid 
vacation, prorated for partial years. Vacation 
time not used by the end of the year shall be 
forfeited. 

16.
Indemnity. 

Employer will, to the maximum extent permitted by Employer’s bylaws and 
applicable law, indemnify and hold Employee harmless for any acts or decisions made in 
good faith while performing services for Employer; provided, however, acts determined by a 
court of competent jurisdiction to be acts of gross negligence or willful misconduct will not 
be deemed to be in good faith. 
Signature Page Follows 






 

 

 

 

 

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IN WITNESS WHEREOF, the due 
execution hereof as of the date first above written. 
CORONADO GLOBAL RESOURCES 
INC. 
 

/s/ Emma Pollard 
By: /s/ Garold R. Spindler 

Witness: 
Garold R. Spindler 
 
Chief Executive Officer 

 

/s/ Cecilia Santos 
By: /s/ Christopher P. 
Meyering 

Witness: 
Christopher P. 
Meyering