Document:

Amendment No. 1 to the Second Amended and Restated Credit Agreement

 Exhibit 10.30 
 EXECUTION VERSION 
 FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
 This FIRST AMENDMENT, dated as of January 31, 2007 (this “First Amendment”), is by and among International Coal Group, Inc., a
Delaware corporation (“Holdings”), ICG, LLC, a Delaware limited liability company and a wholly owned direct subsidiary of Holdings (“Borrower”) and the Lenders (as defined below) party hereto, and is with respect to
the Second Amended and Restated Credit Agreement, dated as of June 23, 2006 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Holdings, Borrower, the
Guarantors party thereto, the lenders party thereto (the “Lenders”), J.P. Morgan Securities Inc. and UBS Securities LLC, as Joint Lead Arrangers and Joint Bookrunners, JPMorgan Chase Bank, N.A. and CIT Capital USA Inc., as
Co-Syndication Agents, Bank of America, N.A. and Wachovia Bank, N.A., as Co-Documentation Agents, JPMorgan Chase Bank, N.A. and Bank of America, N.A., as Issuing Banks, UBS Loan Finance LLC, as Swingline Lender and UBS AG, Stamford Branch, as
Issuing Bank, Administrative Agent and Collateral Agent. Capitalized terms used but not defined in this First Amendment have the meanings given to such terms in the Credit Agreement. 
 RECITALS 
 WHEREAS, Borrower wishes to make certain amendments to the Credit
Agreement, as more particularly described in Article I of this First Amendment; and 
 WHEREAS, the Lenders party hereto are willing to agree
to such amendments on the terms and subject to the conditions contained herein. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the promises and the mutual agreements herein contained and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows: 
 ARTICLE I.

 AMENDMENTS TO CREDIT AGREEMENT 
 Section 1.01 Amendments Related to Additional Revolving Commitments. 
 (a) The following
terms are added to Section 1.01 of the Credit Agreement in their proper alphabetical order: 
 “First Amendment” shall
mean the First Amendment to this Agreement, dated as of January 31, 2007. 
 “First Amendment Effective Date” shall mean
the date on which of each of the conditions set forth in Article II of the First Amendment has been either satisfied or waived. 
 (b)
Subparts (a), (e) and (f) of the definition of “Consolidated EBITDA” are deleted in their entirety and replaced respectively with the following: 

 (a) Consolidated Interest Expense for such period plus to the extent directly
related to the Transactions, amortization of debt issuance costs, debt discount or premium and other financing fees and expenses, 
 (e) the aggregate amount of charges reducing Consolidated Net Income that are directly incurred in connection with (i) the Sago Mine Incident (not to exceed $15.2 million) and (ii) the Viper Mine Incident (not to exceed $3.5
million); provided that such charges shall not be included in Consolidated EBITDA for the purposes of determining the Applicable Margin or the Commitment Fee pursuant to Annex I, 
 (f) for any twelve-month period following the twelve-month period in which the Sago Mine Incident and/or the Viper Mine Incident occurred,
the aggregate amount of any extraordinary, non-recurring charges, as certified by a Financial Officer of Borrower (not to exceed $10.0 million in any twelve-month period); provided that such extraordinary, non-recurring charges shall not be
included in Consolidated EBITDA for the purposes of determining the Applicable Margin or the Commitment Fee pursuant to Annex I, 
 (c) Paragraph (x) of the definition of “Permitted Acquisitions” is deleted in its entirety and replaced with the following: 
 (x) after giving effect to such transaction, the aggregate Acquisition Consideration for all Permitted Acquisitions shall not (A) at any time prior to January 1, 2009, exceed $50.0 million or (B) at any
time on or after January 1, 2009, exceed $150.0 million (exclusive in the case of both (A) and (B) of any amounts financed by Excluded Issuances); provided that, in each case, any Equity Interests constituting all or a portion
of such Acquisition Consideration shall not have a cash dividend requirement on or prior to the Revolving Maturity Date; and 
 (d) Sections
6.01(e)(i)(i) and (g) of the Credit Agreement are deleted in their entirety and replaced respectively with the following: 
 (e)(i)(i) such Indebtedness (other than any Indebtedness incurred pursuant to this section relating to the financing (or refinancing) of the Borrower’s headquarters in Scotts Depot, West Virginia) is incurred before or within 180 days
after such acquisition or the completion of such construction or improvement, 
 (g) Indebtedness in respect of bid,
performance, surety or Reclamation bonds issued for the account of any Company in the ordinary course of business, or any similar financial assurance obligations under Environmental Laws or worker’s compensation laws or with respect to
self-insurance obligations, including guarantees or obligations of any Company with respect to letters of credit supporting such bid, performance or surety obligations (in each case other than for an obligation for money borrowed); provided
that such Indebtedness is not secured by any Lien other than a Lien described in Section 6.02(t); 
 (e) Sections 6.10(a) and
(b) of the Credit Agreement are deleted in their entirety and replaced with the following: 
 (a) Maximum Leverage
Ratio. Permit the Leverage Ratio, at any date during any period set forth in the table below, to exceed the ratio set forth opposite such period in the table below: 
  

 2 

			
	 Period
	  	Leverage Ratio
	January 1, 2007 to March 31, 2007	  	3.75 to 1.0
	April 1, 2007 to September 30, 2007	  	4.00 to 1.0
	October 1, 2007 to December 31, 2007	  	4.25 to 1.0
	January 1, 2008 to March 31, 2008	  	4.50 to 1.0
	April 1, 2008 to June 30, 2008	  	4.00 to 1.0
	July 1, 2008 to September 30, 2008	  	3.50 to 1.0
	October 1, 2008 to December 31, 2008	  	3.00 to 1.0
	January 1, 2009 and thereafter	  	2.75 to 1.0

 (b) Minimum Interest Coverage Ratio. Permit the Consolidated Interest
Coverage Ratio, at the last day of any Test Period during the periods set forth table below, to exceed the ratio set forth opposite such period in the table below: 
  

			
	 Test Period
	  	Interest Coverage Ratio
	January 1, 2007 to March 31, 2007	  	3.00 to 1.0
	April 1, 2007 to September 30, 2007	  	2.75 to 1.0
	October 1, 2007 to March 31, 2008	  	2.25 to 1.0
	April 1, 2008 to June 30, 2008	  	2.50 to 1.0
	July 1, 2008 to September 30, 2008	  	2.75 to 1.0
	October 1, 2008 to December 31, 2008	  	3.50 to 1.0
	January 1, 2009 and thereafter	  	4.00 to 1.0

 (f) The table in Section 6.10(d) of the Credit Agreement is deleted in its entirety and
replaced with the following: 
  

			
	 Period
	  	Amount (in millions)
	January 1, 2007 to December 31, 2007	  	$175,000,000
	January 1, 2008 to December 31, 2008	  	$200,000,000
	January 1, 2009 to December 31, 2009	  	$200,000,000
	January 1, 2010 to December 31, 2010	  	$200,000,000
	January 1, 2011 to December 31, 2011	  	$100,000,000

 (g) Clause (z) of the proviso in Section 6.10(d) is deleted in its entirety and replaced
with the following: 
  

 3 

 (z) the amount set forth in the table above for any period may be increased
by an amount equal to (A) 50% of (B) the amount of (1) any Indebtedness incurred under Section 6.01(n) and/or Section 6.01(o) which a Responsible Officer of the Borrower has certified to the
Administrative Agent will be used prior to the Revolving Maturity Date to finance Capital Expenditures and (2) any Equity Interests issued under Section 6.13 which a Responsible Officer of the Borrower has certified to the
Administrative Agent will be used prior to the Revolving Maturity Date to finance Capital Expenditures, so long as the aggregate increase in Capital Expenditures permitted by this proviso since the First Amendment Effective Date does not exceed
$250.0 million. 
 (h) The table entitled “Applicable Margin for Revolving Loans, Swingline Loans and LC Participation Fee”
in Annex 1 of the Credit Agreement is deleted in its entirety and replaced with the following: 
  

							
	 	  	 Revolving Loans and Swingline Loans
 (and LC Participation Fee)
	 
	 Leverage
 Ratio*
	  	Eurodollar	 	 	ABR	 
	 Level I
 33.75:1.0
	  	3.00	%	 	2.00	%
			
	 Level II**
 <3.75:1.0 but
 32.50:1.0
	  	2.75	%	 	1.75	%
			
	 Level III
 <2.50:1.0 but
 >2.00:1.0
	  	2.50	%	 	1.50	%
			
	 Level IV
 £2.00:1.0
	  	2.25	%	 	1.25	%

 (i) A new footnote “**” is inserted in Annex 1 of the Credit Agreement as follows:
“** Note: As of the First Amendment Effective Date, the Applicable Margin shall be set at Level II and shall be adjusted, if applicable, starting April 1, 2007.” 
 (j) The table entitled “Applicable Fee” in Annex 1 of the Credit Agreement is deleted in its entirety and replaced with the following:

  

							
	 Leverage
 Ratio*
	  	 Applicable Fee (at
 any time when the
Revolving Exposure
is 3$162,500,000)
	 	 	Applicable Fee (at
any time when the
Revolving Exposure
is <$162,500,000)	 
	 Level I
 >2.00:1.0
	  	0.50	%	 	0.625	%
			
	 Level II
 £2.00:1.0
	  	0.375	%	 	0.50	%

  

 4 

 ARTICLE II. 
 CONDITIONS TO EFFECTIVENESS 
 Section 2.01 Conditions to Consent and Certain
Amendments. The effectiveness of the amendments contained in Article I of this First Amendment are conditioned upon satisfaction of the following conditions precedent (the date on which all such conditions precedent have been satisfied being
referred to herein as the “First Amendment Effective Date”). 
 (a) Fees. 
 (i) The Arrangers and the Administrative Agent shall have received all Fees and other amounts due and payable on or prior to the First
Amendment Effective Date, including, to the extent invoiced, reimbursement or payment of all reasonable out-of-pocket expenses (including the reasonable legal fees and expenses of Latham & Watkins LLP, special counsel to the Agents, and the
reasonable fees and expenses of any local counsel, appraisers, consultants and other advisors) required to be reimbursed or paid by Borrower hereunder or under any other Loan Document. 
 (ii) The Administrative Agent shall have received, for the benefit of each Lender whose signature page to this First Amendment has been
received, no later than the date on which each of the other conditions in this Section 2.01 are satisfied, a fee equal to 0.25% of the aggregate Revolving Commitments, as of the First Amendment Effective Date, of each such Lender, which such
fee shall be allocated pro rata among such Lenders. 
 (b) Loan Documents. All legal matters incident to this First Amendment and the
transactions contemplated hereby and the other Loan Documents shall be satisfactory to the Lenders and to the Administrative Agent and there shall have been delivered to the Administrative Agent an executed counterpart of each of the Loan Documents
required to be executed and delivered on the First Amendment Effective Date, including but not limited to, (i) this First Amendment and (ii) the consent of the Guarantors attached hereto as Exhibit A executed by each of the
Guarantors (including any persons becoming Guarantors on the date hereof). 
 (c) Officers’ Certificate. The Administrative Agent
shall have received a certificate, dated the First Amendment Effective Date and signed by the vice president and the chief financial officer of Borrower or such other person reasonably acceptable to the Administrative Agent, confirming compliance
with the conditions precedent set forth in this Section 2.01 hereof and Sections 4.02(b), (c) and (d) of the Credit Agreement. 
 (d) Opinions of Counsel. The Administrative Agent shall have received, on behalf of itself, the other Agents, the Arrangers, the Lenders and the Issuing Bank, a favorable written opinion of Jones Day, special counsel for the Loan
Parties, reasonably satisfactory in form and substance to the Administrative Agent, dated the First Amendment Effective Date, addressed to the Agents, the Issuing Bank and the Lenders and covering such matters relating to the transactions
contemplated by this First Amendment as the Administrative Agent shall reasonably request. 
 (e) Solvency Certificate. The
Administrative Agent shall have received a solvency certificate substantially in the form of Exhibit N to the Credit Agreement, dated the First Amendment Effective Date and signed by the chief financial officer of Borrower or such other person
reasonably acceptable to the Administrative Agent. 
  

 5 

 (f) Real Property Requirements. Within the 30-day period following the First Effective Amendment
Date, the Collateral Agent shall have received: 
 (i) evidence that with respect to each Mortgaged Property of each Loan
Party, each Company shall have made all modifications, registrations and filings, to the extent required by, and in accordance with, all Requirements of Law (the “Mortgage Modifications”) in order to maintain a perfected security
interest in such Mortgaged Property; and 
 (ii) local counsel opinions regarding the enforceability of the Mortgage
Modifications, in each case (A) dated the First Amendment Effective Date, (B) addressed to the Agents, the Issuing Bank and the Lenders and (C) otherwise in form and substance reasonably acceptable to the Administrative Agent.

 (g) Representations and Warranties; No Default. (i) Each of the representations and warranties contained in Article III of the
Credit Agreement shall be true and correct in all material respects as of the First Amendment Effective Date, except that any representation and warranty that is qualified as to “Materiality” or “Material Adverse Effect” shall be
true and correct in all respects as of the First Amendment Effective Date, except to the extent such representations and warranties expressly relate to an earlier date and (ii) both before and after giving effect to this First Amendment, no
event shall have occurred and be continuing that constitutes a Default or an Event of Default. 
 ARTICLE III. 
 MISCELLANEOUS 
 Section 3.01
Execution of this First Amendment; Authorization. 
 This First Amendment is executed and shall be construed as an amendment to
the Credit Agreement and forms a part of the Credit Agreement to the extent applicable thereto. 
 Section 3.02 Representations
and Warranties. 
 Borrower hereby represents and warrants to the Administrative Agent and the Lenders that, as of the date hereof:

 (a) Authority; Enforceability. (i) All consents, approvals and authorizations necessary for Borrower’s and
Guarantors’ execution, delivery and performance of this First Amendment and the Consent of Guarantors have been obtained or made and (ii) this First Amendment and the Consent of Guarantors have been duly executed and delivered by Borrower
and Guarantors and constitute the legal, valid and binding obligations of Borrower and Guarantors, enforceable against Borrower and Guarantors in accordance with their terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium
or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law 
 (b) No Conflict. Neither the execution and delivery of this First Amendment, the Consent of Guarantors nor any other agreement or instrument contemplated hereby nor the performance of, and compliance with the
terms and provisions of, this First Amendment, the Consent of Guarantors or any such other agreement or instrument by any Loan Party will, at the time of such performance, (i) violate or conflict with any provision of such Loan Party’s
articles or certificate of incorporation or bylaws or other organizational or governing documents of such Loan Party, (ii) violate, contravene or materially conflict with any Requirements of Law or any other law, regulation, order, writ,
judgment, injunction, decree or 

  

 6 

 
permit applicable to such Loan Party, except for any violation, contravention or conflict which would not reasonably be expected to have a Material Adverse
Effect, (iii) (A) violate, contravene or conflict with the contractual provisions of, or cause an event of default under, any Loan Document or (B) violate, contravene or conflict with the contractual provisions of, or cause an event
of default under any other loan agreement, indenture, mortgage, deed of trust, contract or other agreement or instrument to which such Loan Party is a party or by which such Loan Party may be bound, except for any violation, contravention, conflict
or default that would not reasonably be expected to have a Material Adverse Effect, or (iv) result in or require the creation of any Lien (other than those contemplated in or created in connection with the Loan Documents) upon or with respect
to such Loan Party’s properties. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other person is required in connection with the performance of and compliance with the
terms and provisions of this First Amendment, the Consent of Guarantors or any other agreement or instrument contemplated hereby. 
 (c)
Representations and Warranties in Credit Agreement. Each of the representations and warranties contained in Article III of the Credit Agreement is true and correct in all material respects, except that any representation and warranty that is
qualified as to “Materiality” or “Material Adverse Effect” shall be true and correct in all respects as of the date hereof, except to the extent such representations and warranties expressly relate to an earlier date. 

(d) No Default. Both before and after giving effect to this First Amendment, no event has occurred and is continuing that constitutes a Default
or an Event of Default. 
 Section 3.03 No Waiver. 
 Except as specifically modified pursuant to the terms of this First Amendment, the terms and conditions of the Credit Agreement and the other Loan
Documents remain in full force and effect. Nothing herein shall limit in any way the rights and remedies of the Administrative Agent and the Lenders under the Credit Agreement and the other Loan Documents. The execution and delivery by the Lenders
of this First Amendment shall not constitute a waiver, forbearance or other indulgence with respect to any Default or Event of Default now existing or hereafter arising. 
 Section 3.04 Counterparts; Integration; Effectiveness. 
 This First Amendment may be
executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This First Amendment and any agreements
referred to herein constitute the entire contract among the parties hereto relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. This First
Amendment shall become effective when it shall have been executed by each of Borrower and each of the requisite Lenders, and thereafter shall be binding upon and inure to the benefit of the parties to the Credit Agreement and, subject to and in
accordance with Section 11.04 of the Credit Agreement, their respective successors and assigns; provided that the effectiveness of the consent, waiver and amendments contained herein is conditioned upon the satisfaction of the applicable
conditions set forth in Article II of this First Amendment. Delivery of an executed counterpart of a signature page of this First Amendment by telecopy shall be as effective as delivery of a manually executed counterpart of this First Amendment.

 Section 3.05 Severability. 
 Any provision of this First Amendment held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability
without affecting the validity, legality or enforceability of the remaining provisions hereof, and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 
  

 7 

 Section 3.06 GOVERNING LAW. 
 THIS FIRST AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAW
PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 
 Section 3.07 Headings. 

Article and Section headings used herein are for convenience of reference only, are not part of this First Amendment and shall not affect the
construction of, or be taken into consideration in interpreting, this First Amendment. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

  

 8 

 IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be duly executed by their
respective authorized officers as of the day and year first above written. 
  

			
	 ICG, LLC,
 as
Borrower

		
	By:	 	 /s/ Bradley W. Harris

	 Name:
	 	Bradley W. Harris
	 Title:
	 	Vice President and Chief Financial Officer
	
	INTERNATIONAL COAL GROUP, INC.
		
	By:	 	 /s/ Bradley W. Harris

	 Name:
	 	Bradley W. Harris
	 Title:
	 	Vice President and Chief Financial Officer

 [SIGNATURE PAGE TO FIRST AMENDMENT] 

			
	UBS AG, Stamford Branch, as Issuing Bank, Administrative Agent and Collateral Agent
		
	By:	 	 /s/ Irja R. Otsa

	Name:	 	Irja R. Otsa
	Title:	 	Associate Director
		
	By:	 	 /s/ Mary E. Evans

	Name:	 	Mary E. Evans
	Title:	 	Associate Director

 [SIGNATURE PAGE TO FIRST AMENDMENT] 

 EXHIBIT A 
 CONSENT OF GUARANTORS 
 Each of the undersigned is a Guarantor of the Obligations of Borrower under
the Credit Agreement and hereby (a) consents to the foregoing First Amendment, (b) acknowledges that notwithstanding the execution and delivery of the foregoing First Amendment, the obligations of each of the undersigned Guarantors are not
impaired or affected and all guaranties given to the holders of Obligations and all Liens granted as security for the Obligations continue in full force and effect, and (c) confirms and ratifies its obligations under the Credit Agreement and
each other Loan Document executed by it. Capitalized terms used herein without definition shall have the meanings given to such terms in the First Amendment to which this Consent of Guarantors is attached or in the Credit Agreement referred to
therein, as applicable. 
 IN WITNESS WHEREOF, each of the undersigned has executed and delivered this Consent of Guarantors as of
January 31, 2007. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

			
	INTERNATIONAL COAL GROUP, INC.
		
	By:	 	 /s/ Roger L. Nicholson

	Name:	 	Roger L. Nicholson
	Title:	 	Senior Vice President, General Counsel and Secretary
	
	ANKER COAL GROUP, INC.
		
	By:	 	 /s/ Roger L. Nicholson

	Name:	 	Roger L. Nicholson
	Title:	 	Secretary
	
	ANKER GROUP, INC.
		
	By:	 	 /s/ Roger L. Nicholson

	Name:	 	Roger L. Nicholson
	Title:	 	Secretary
	
	ANKER POWER SERVICES, INC.
		
	By:	 	 /s/ Roger L. Nicholson

	Name:	 	Roger L. Nicholson
	Title:	 	Secretary
	
	BRONCO MINING COMPANY, INC.
		
	By:	 	 /s/ Roger L. Nicholson

	Name:	 	Roger L. Nicholson
	Title:	 	Secretary
	
	COALQUEST DEVELOPMENT LLC
		
	By:	 	 /s/ Roger L. Nicholson

	Name:	 	Roger L. Nicholson
	Title:	 	Vice President and Secretary

			
	HAWTHORNE COAL COMPANY, INC.
		
	By:	 	 /s/ Roger L. Nicholson

	Name:	 	Roger L. Nicholson
	Title:	 	Vice President and Secretary
	
	HEATHER GLEN RESOURCES, INC.
		
	By:	 	 /s/ J.C. Wilkinson

	Name:	 	J.C. Wilkinson
	Title:	 	Secretary
	
	HUNTER RIDGE COAL COMPANY
		
	By:	 	 /s/ Roger L. Nicholson

	Name:	 	Roger L. Nicholson
	Title:	 	Secretary
	
	ICG ADDCAR SYSTEMS, LLC
		
	By:	 	 /s/ Roger L. Nicholson

	Name:	 	Roger L. Nicholson
	Title:	 	Secretary
	
	ICG BECKLEY, LLC
		
	By:	 	 /s/ Roger L. Nicholson

	Name:	 	Roger L. Nicholson
	Title:	 	Secretary
	
	ICG EAST KENTUCKY, LLC
		
	By:	 	 /s/ David G. Hammond

	Name:	 	David G. Hammond
	Title:	 	Assistant Secretary

			
	ICG EASTERN, LLC
		
	By:	 	 /s/ J.C. Wilkinson

	Name:	 	J.C. Wilkinson
	Title:	 	Secretary
	
	ICG EASTERN LAND, LLC
		
	By:	 	 /s/ Roger L. Nicholson

	Name:	 	Roger L. Nicholson
	Title:	 	Secretary
	
	ICG HAZARD, LLC
		
	By:	 	 /s/ Roger L. Nicholson

	Name:	 	Roger L. Nicholson
	Title:	 	Assistant Secretary
	
	ICG HAZARD LAND, LLC
		
	By:	 	 /s/ Roger L. Nicholson

	Name:	 	Roger L. Nicholson
	Title:	 	Secretary
	
	ICG ILLINOIS, LLC
		
	By:	 	 /s/ David G. Hammond

	Name:	 	David G. Hammond
	Title:	 	Assistant Secretary
	
	ICG, INC.
		
	By:	 	 /s/ Roger L. Nicholson

	Name:	 	Roger L. Nicholson
	Title:	 	Senior Vice President, General Counsel and Secretary

			
	ICG KNOTT COUNTY, LLC
		
	By:	 	 /s/ David G. Hammond

	Name:	 	David G. Hammond
	Title:	 	Assistant Secretary
	
	ICG NATURAL RESOURCES, LLC
		
	By:	 	 /s/ Roger L. Nicholson

	Name:	 	Roger L. Nicholson
	Title:	 	Secretary
	
	ICG TYGART VALLEY, LLC
		
	By:	 	 /s/ Roger L. Nicholson

	Name:	 	Roger L. Nicholson
	Title:	 	Secretary
	
	JULIANA MINING COMPANY, INC.
		
	By:	 	 /s/ J.C. Wilkinson

	Name:	 	J.C. Wilkinson
	Title:	 	Secretary
	
	KING KNOB COAL CO., INC.
		
	By:	 	 /s/ J.C. Wilkinson

	Name:	 	J.C. Wilkinson
	Title:	 	Secretary
	
	MARINE COAL SALES COMPANY
		
	By:	 	 /s/ Roger L. Nicholson

	Name:	 	Roger L. Nicholson
	Title:	 	Secretary

			
	MELROSE COAL COMPANY, INC.
		
	 By:
	 	 /s/ David G. Hammond

	 Name:
	 	David G. Hammond
	 Title:
	 	Secretary
	
	 NEW ALLEGHENY LAND HOLDING COMPANY,
 INC.

		
	 By:
	 	 /s/ David G. Hammond

	 Name:
	 	David G. Hammond
	 Title:
	 	Secretary
	
	PATRIOT MINING COMPANY, INC.
		
	 By:
	 	 /s/ Roger L. Nicholson

	 Name:
	 	Roger L. Nicholson
	 Title:
	 	Secretary
	
	SIMBA GROUP, INC.
		
	 By:
	 	 /s/ Roger L. Nicholson

	 Name:
	 	Roger L. Nicholson
	 Title:
	 	Secretary
	
	UPSHUR PROPERTY, INC.
		
	 By:
	 	 /s/ J.C. Wilkinson

	 Name:
	 	J.C. Wilkinson
	 Title:
	 	Secretary
	
	VANTRANS, INC.
		
	 By:
	 	 /s/ J.C. Wilkinson

	 Name:
	 	J.C. Wilkinson
	 Title:
	 	Secretary

			
	VINDEX ENERGY CORPORATION
		
	By:	 	 /s/ Roger L. Nicholson

	Name:	 	Roger L. Nicholson
	Title:	 	Secretary
	
	WHITE WOLF ENERGY, INC.
		
	By:	 	 /s/ Roger L. Nicholson

	Name:	 	Roger L. Nicholson
	Title:	 	Vice President and Secretary
	
	WOLF RUN MINING COMPANY
		
	By:	 	 /s/ Roger L. Nicholson

	Name:	 	Roger L. Nicholson
	Title:	 	SecretaryInternational Coal Group, Inc. Executive Severance Plan

 Exhibit 10.31 
 INTERNATIONAL COAL GROUP, INC. 
 EXECUTIVE SEVERANCE PLAN 
 RECITALS 
 This Executive
Severance Plan (the “Plan”) is adopted by International Coal Group, Inc. (“ICG”) and its Affiliates for the benefit of a select group of their management or highly-compensated employees. The purpose of the Plan is to provide
employer funded severance benefits to certain selected employees of ICG and its Affiliates who satisfy the conditions for benefits set forth in the Plan including executing and not revoking a General Release in Full of All Claims. It is intended
that the Plan be a “severance pay plan” as defined in Department of Labor Regulation section 2510.3-2(b) and an unfunded welfare plan maintained for the purpose of providing benefits for a select group of management or highly-compensated
employees as described in Department of Labor Regulation section 2520.104-24. 
 ARTICLE I 
 DEFINITIONS 
 For purposes of this Plan
and exhibits hereto the following definitions shall apply unless the context clearly indicates the contrary: 
 1.01 “Affiliate”
shall mean any entity “controlled” by ICG. “Controlled” shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such entity, whether through the ownership
of voting securities, membership or partnership interests, election or appointment of directors, by contract or otherwise. 
 1.02
“Board of Directors” shall mean the Board of Directors of ICG. 
 1.03 “Certificate of Participation” is the form
attached as Exhibit A which designates Employee as a Participant and under which Employee acknowledges the terms and conditions of his eligibility for benefits. 
 1.04 “Compensation Committee” shall mean the Compensation Committee of the Board of Directors and in the absence of such committee the Board of Directors. 
 1.05 “Designated Employee” shall mean an Employee of Employer who (i) is a member of a select group of management of Employer or is a
highly compensated employee of Employer and (ii) who is designated pursuant to Article II by the Compensation Committee as eligible to participate in the Plan. 
 1.06 “Effective Date” shall mean December 15, 2006. 
 1.07 “Employee” shall mean an
employee of an Employer. 
 1.08 “Employer” shall mean ICG, ICG, LLC, and any Affiliate which has adopted the Plan with the
approval of ICG. 
 1.09 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 
 1.10 “General Release in Full of All Claims Agreement” means that certain agreement under which Participant releases all employment claims
against ICG and its Affiliates in the form of Exhibit B as attached hereto and as shall be amended from time to time in the sole discretion of the Plan Administrator. 
 1.11 “ICG” shall mean International Coal Group, Inc., or any successor thereto. 
 1.12 “Involuntary Termination of Employment Not for Cause” shall mean (i) the termination of Designated Employee’s employment by his
Employer for any reason other than those set forth in the following sentence or (ii) Designated Employee’s voluntary resignation following either (a) without the Designated Employee’s written consent, a 10% or more reduction in
Regular Salary or (b) his Employer’s written request that Designated Employee voluntarily resign for any reason other than those set forth in the following sentence. Employee’s termination of employment will be deemed not for cause
only if it is for some reason other than the following: i) conduct by the Employee that amounts to fraud, dishonesty, gross negligence, willful misconduct in connection with any of his employment duties, or willful violation of any of ICG’s or
an Affiliate’s policies and procedures, ii) conviction of a felony, 

  

 1 

 
or iii) the misappropriation of funds or property belonging to ICG or an Affiliate. Neither death nor termination as a result of sickness or disability shall
be deemed to be an Involuntary Termination of Employment Not for Cause. 
 1.13 “Participants” shall mean those Designated
Employees who have executed a Certificate of Participation. 
 1.14 “Plan” shall mean this International Coal Group, Inc. Executive
Severance Plan and all attachments hereto. 
 1.15 “Plan Administrator” shall mean International Coal Group, Inc. 
 1.16 “Regular Salary” means the highest monthly regular salary paid to Participant by his Employer during the six months preceding his
termination of employment. 
 ARTICLE II 
 ELIGIBILITY 
 The Compensation Committee shall, from time to time, designate Employees whom it finds
are a member of a select group of management or highly-compensated employees (“select group employee”) to be eligible to participate in the Plan. In making the determination of who is a select group employee, the rules and regulations
issued pursuant to ERISA shall control. The fact that an Employee is a select group employee shall not entitle him to participate in the Plan unless the Compensation Committee affirmatively designates such Employee as eligible to participate.
Designated Employees will be furnished a Certificate of Participation signed by a member of the Compensation Committee to designate their eligibility for participation and only become a participant upon execution and return to the Plan Administrator
of the Certificate of Participation. 
 ARTICLE III 
 SEVERANCE BENEFIT 
 3.01 If a Participant’s employment with Employer terminates in a manner
which is an Involuntary Termination of Employment Not for Cause and Participant executes and does not revoke a General Release in Full of All Claims Agreement, Participant shall be entitled to the following benefits under this Plan:
(i) Participant shall continue to receive his Regular Salary from his Employer for a twelve month period following his termination of employment (subject to the offset in Section 3.02 below and unless sooner terminated under
Section 3.03 below), (ii) should Participant elect to continue his health coverage under COBRA through Employer’s group health plan, Employer shall pay the cost of such COBRA health coverage at the same classification (e.g.,
single, family, etc.) as in effect immediately prior to termination until the earlier of (a) Participant becoming ineligible for COBRA coverage, (b) the payment of eighteen monthly premiums following Participant’s termination of
employment, or (c) termination pursuant to Section 3.03 below, (iii) continuation of the Employer provided standard group term life insurance for a twelve month period following his termination of employment (unless sooner terminated
under Section 3.03 below), and (iv) financial consulting services (such as AYCO or such other financial consulting services provider that provide such services to Participants and arranged for by ICG or its Affiliates prior to such
termination) for a period of twelve months, unless sooner terminated under Section 3.03 below. 
 3.02 If Participant is entitled to any
salary continuation or any payment comparable to salary continuation from ICG or its Affiliates following his termination of employment pursuant to his employment agreement, other severance plan or any other salary continuation arrangement
(collectively “primary salary continuation”), payments from such primary salary continuation shall reduce dollar for dollar any salary continuation under Section 3.01 and Participant shall only be entitled to payment pursuant to
Section 3.01 to the extent that the total of such salary continuation under Section 3.01 exceeds Participant’s primary salary continuation. Primary salary continuation shall not include qualified or non-qualified deferred compensation
arrangements, stock options, equity compensation or deferred bonuses. 
 3.03 During the Participant’s employment with ICG or its
Affiliates, Participant will have access to and become familiar with various trade secrets and confidential information belonging to ICG and its various Affiliates including but not limited to costs and strategic planning information. Participant
acknowledges that such confidential information and trade secrets are owned and shall continue to be owned by ICG and its Affiliates. Participant agrees not to use, communicate, reveal or otherwise make available such information for any purpose
whatsoever or to divulge such information to any person, partnership, corporation or entity other than ICG or persons expressly designated by ICG unless such Participant is compelled to disclose it by judicial process. Additionally, Participant
agrees that, for a period of one (1)year after termination of employment, he shall not, directly or indirectly, on his own behalf or with others (A) induce or attempt to induce any ICG employee who is a senior officer of ICG or a direct report
to Participant or who is a president, mine superintendent or maintenance superintendent or an equivalent position of any subsidiary or operating unit of ICG or its Affiliates(“Protected Employee”) to leave the employ of ICG or its
Affiliates, or in any way interfere with the 

  

 2 

 
relationship between ICG and any Protected Employee, except that it is specifically understood that this provision is not violated by any response by a
Protected Employee to a publicly announced job opening with Participant or his subsequent employer whether such announcement appears in newspapers, trade publications, web sites or similar public media; (B) induce or attempt to induce any
referral source, customer or other business relation of ICG not to do business with ICG, or to cease doing business with ICG; or (C) solicit, divert or actively take away, or attempt to solicit, divert or take away, for purposes of conducting a
business substantially similar to the business of ICG, any individual, corporation, partnership or other association or entity who as of the Termination Date, both (i) had a business relationship with ICG or its Affiliates or, to
Participant’s knowledge, was during the ninety (90) day period preceding the date of termination of employment solicited in writing by ICG or its Affiliates for business (whether or not he, she or it became an actual customer) and
(ii) was personally contacted by Participant during such ninety (90) day period; provided, however, that the foregoing provisions of this Section shall not prohibit Participant from participating in any response to an open bidding or quote
request of any customer of ICG or its Affiliates, or prohibit Participant from any solicitation that does not, directly or indirectly, divert business from ICG; and, provided further, that Participant and any subsequent employer may in the ordinary
course of business compete with ICG for customers, properties or otherwise, without violating this Section, provided that Participant shall not attempt to induce any entity with which ICG has any existing business relationship to terminate that
business relationship prior to the termination of existing contracts or orders with that entity. Should Participant violate any portion of this provision, ICG’s and Affiliate’s obligation to make any severance benefit payments as set forth
in Section 3.01 shall cease. 
 3.04 Any salary continuation benefit due the Participant shall be payable in accordance with the normal
payroll practices of Employer and subject to all applicable withholding taxes. Upon Participant’s death after meeting all requirements for benefits, the salary continuation payments shall continue to be paid to his estate for the duration of
the period described in Section 3.01. 
 ARTICLE IV 
 ADMINISTRATION 
 4.01 The Plan Administrator shall have full power and authority to administer,
interpret and construe this Plan, and its interpretations and constructions hereof and actions hereunder, including any determination of the amount of payments to be made here from, shall be binding and conclusive on all persons for all purposes. No
agent of ICG or Affiliate shall be liable to any person for any action taken or omitted in connection with the interpretation and administration of the Plan unless attributable to his own willful misconduct or lack of good faith. 
 4.02 Claims for benefits under the Plan must be filed in writing with the Compensation Committee. Written notice of the disposition of a claim shall be
furnished to the claimant within 90 days after the application is filed. In the event the claim is denied, the reasons for the denial shall be specifically set forth in the notice in language calculated to be understood by the claimant, pertinent
provisions of the Plan shall be cited, and, where appropriate, a description of any additional material or information necessary for the claimant to perfect the claim and why such material or information is necessary. In addition, the claimant shall
be furnished with an explanation of the Plan’s claims review procedure, time limits applicable to such procedures including a statement of the claimant’s right to bring a civil action under Section 502(a) of ERISA following an adverse
benefit termination on review. The information furnished to the claimant shall comply with Department of Labor Regulations Section 2560.5031(h). 
 4.03 Any Participant who has been denied a benefit by decision of the Compensation Committee pursuant to section 4.02 shall be entitled to request the Plan Administrator to give further consideration to his claim by
filing with the Plan Administrator a written request for a hearing. Such request, together with a written statement of the reasons why the claimant believes his claim should be allowed, shall be filed with the Plan Administrator no later than 60
days after receipt of the written notification provided in section 4.02. The Plan Administrator shall then conduct a hearing within the next 60 days at which the claimant may be represented by an attorney or other representative of his choosing and
expense, and at which the claimant shall have an opportunity to submit written and oral evidence and arguments in support of his claim. At the hearing (or prior thereto upon 5 business days written notice to the Plan Administrator), the claimant or
his representative shall have an opportunity to review all documents in possession of the Plan Administrator which are pertinent to the claim and its disallowance. Either the claimant or the Plan Administrator may cause a court reporter to attend
the hearing and record the proceedings. In such event, a complete written transcript of the proceedings shall be furnished to both parties by the court reporter. The full expense of such court reporter and such transcripts shall be borne by the
party causing the court reporter to attend the meeting. A final decision as to the allowance of the claim shall be made by the Plan Administrator within 60 days of receipt of the appeal (unless there has been an extension of 60 days due to special
circumstances, provided the delay and special circumstances occasioning it are communicated to the claimant within the 60 day period). Such communication shall be written in a manner calculated to be understood by the claimant and shall include
specific reasons for the decision, specific references to the pertinent Plan provisions on which the decision is based, and a statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of
all documents, records, and other information relevant to the claimant’s claim for benefits. 
  

 3 

 ARTICLE V 
 AMENDMENTS 
 ICG reserves the right, at any time by action of its Compensation Committee to
terminate, modify or amend, in whole or in part, any or all of the provisions of the Plan at anytime; provided, however, that (i) during the eighteen (18) month period following a Change in Control, the Plan (including any attached
exhibits) may not be amended or terminated, if such amendment would be adverse to the interest of any Participant, without the consent of such Participant and (ii) no action by the Compensation Committee or the Board of Directors shall be
retroactive nor place substantial additional limitations on the payment of severance benefits to the Participant. For purposes of Article V, “Change in Control” shall have the meaning ascribed to such term in the International Coal Group,
Inc. 2005 Equity and Performance Incentive Plan. 
 ARTICLE VI 
 MISCELLANEOUS 
 6.01 Nothing in this Plan shall be construed to give any
Participant or other person any right, title, interest or claim in or to any specific asset, fund, reserve account or property of any kind whatsoever owned by ICG or its Affiliates or in which they may have a right, title or interest now or in the
future. 
 6.02 The Participants shall only have the status of general unsecured creditors of ICG and Affiliates. This Plan constitutes a
mere promise by ICG and Affiliates to make severance payments in the future. This Plan is intended to be unfunded for tax purposes and for purpose of Title I of ERISA. 
 6.03 A Participant’s right to benefits under the Plan is not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment by creditors of the
Participant or the Participant’s beneficiary. 
 6.04 Nothing contained in the Plan shall be construed as conferring upon a Participant
the right to continue to serve as an employee of ICG or its Affiliates or to assure Participant of any specific level of compensation from ICG or its Affiliates. 
 6.05 In connection with a termination of employment described in Section 3.01, the Plan Administrator shall furnish to Participant the General Release in Full of All Claims agreement for such Participant’s
review and execution which if executed and not revoked within the time limits set forth therein shall release all claims Participant may have against ICG and its related persons. Participant shall have up to 45 days to consider the impact of the
release and to discuss the release and its impact with his attorney. 
 6.06 As used herein, the masculine gender shall include the feminine
and the singular shall include the plural as the circumstances require. 
 6.07 The Plan shall be governed by the laws of West Virginia.

 6.08 To the extent applicable, it is intended that the Plan comply with the provisions of Section 409A of the Internal Revenue Code
of 1986, as amended and the rules and regulations promulgated thereunder (the “Code”). This Plan shall be administered in a manner consistent with this intent, and any provision that would cause the Plan to fail to satisfy
Section 409A of the Code shall have no force and effect until amended to comply with Section 409A of the Code (which amendment may be retroactive to the extent permitted by Section 409A of the Code and may be made by the Company
without the consent of the Participant). 
  

			
	INTERNATIONAL COAL GROUP, INC.
		
	By	 	 /S/    ROGER L. NICHOLSON

	Its	 	 Senior Vice President and Secretary

  

	
	 ATTEST:

	 /S/    J.C. “MAX”
WILKINSON

  

 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00118-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00118-of-00352.parquet"}]]