Document:

EX-10.9

 Exhibit 10.9 
 Tennessee Valley Authority 
 Coal Supply & Origination 

1101 Market Street, MR 2A 
 Chattanooga, Tennessee 37402-2801 
 CONTRACT SUPPLEMENT 

 

							
	TO:	  	 Armstrong Coal Company	  	Supplement No.	  	1
		  	 7733 Forsyth Boulevard - Suite 1625	  	Date	  	October 4, 2012
		  	 St. Louis, Missouri 63105	  	Group-Contract No.    	  	612-40958
		  		  	Plant	  	Various
		  		  	Name of Mine	  	Various

 Attention: Mr. Martin Wilson 
 This confirms the October 4, 2012, agreement reached between TVA and Armstrong Coal Company (“Armstrong”) relative to freeze proofing deliveries under the subject contracts. 

As agreed, the freeze proofing products that will be applied to TVA’s shipments will be FreeFlowFC-149 for body feed application and FreeFlowSR-300
for side car release application. Both products are manufactured by AKJ Industries, and will be applied to coal loaded for TVA’s fossil plants as follows: 
  

	1.	Unless TVA notifies Armstrong otherwise, anytime the low temperature at Armstrong’s loading facility or TVA’s unloading facility is below 30 degrees
Fahrenheit, Armstrong will apply approximately 2 pints of FreeFlowFC-149 to each ton of coal being loaded into railcars at Armstrong’s facilities. A weather window of five days should be reviewed - at the loading facility and unloading point -
to determine the low temperature. For holiday weekends, a weather window of seven days should be reviewed. The freeze conditioning agent may be increased, as the temperature falls below 20 degrees Fahrenheit, to up to 4 pints per ton of coal with
the approval of TVA. 

  

	2.	The cost to TVA for applying FreeFlowFC-149 will be $2.40 per gallon or $0.60 per 2-pint application. 

 

	3.	The cost to TVA for applying the side car release application, FreeFlowSR-300, upon TVA’s request, will be $2.40 per gallon or $0.30 per 1-pint application.

  

	4.	Armstrong will invoice separately for the cost of applying FreeFlowFC-149 and FreeFlow SR-300. Each invoice and all correspondence relating to the application of the
freeze conditioning substance(s) should clearly reflect the Contract number, Traffic Control Number, and the cost of such treatment. Invoices for freeze conditioning should be sent to the attention of Connie Gazaway at Tennessee Valley Authority,
1101 Market Street, MR 2A, Chattanooga, Tennessee 37402-2801. 

  
 TVA
RESTRICTED INFORMATION 
 Page 1 of 2 

 Please complete the acceptance below and return the copy of this Contract Supplement to this
office. You should retain the original for your file. 
  

									
	Accepted	 	 ARMSTRONG COAL CO.
	 		 	TENNESSEE VALLEY AUTHORITY
		 	Company	 		 		 	
				
	By	 	

	 		 	

		 	Signature	 		 	Connie S. Gazaway
		 		 		 	Asset Management Specialist
			
	 President
	 		 	

	Title	 		 		 	Elizabeth L. Kirk
		 		 		 	Manager, Contract Management
			
	 10/15/12
	 		 	 October 12, 2012

	Date	 		 		 	Date	 	

  
 TVA
RESTRICTED INFORMATION 
 Page 2 of 2EX-10.10

 Exhibit 10.10 
 Tennessee Valley Authority 
 Coal Supply & Origination 

1101 Market Street, MR 2A 
 Chattanooga, Tennessee 37402-2801 
 CONTRACT SUPPLEMENT 

 

							
	TO:	  	 Armstrong Coal Company	  	Supplement No.	  	2
		  	 7733 Forsyth Boulevard - Suite 1625	  	Date	  	October 29, 2012
		  	 St. Louis, Missouri 63105	  	Group-Contract No.	  	612-40958
		  		  	Plant	  	Various
		  		  	Name of Mine	  	Various

 Attention: Mr. Martin Wilson 
 TVA has elected to increase shipments of coal above the amounts of the Base Tonnage in Contract Year 2013 by 500,000 tons per year (“the Option Tonnage”) as referenced in Subsection 2.1.2 of
Armstrong Coal Company (“Armstrong”) Group-Contract No. 612-40958 (the “Contract”). In addition TVA has also elected to increase shipments of coal in Contract Year 2013 above the Base Tonnage plus the Option Tonnage by an
amount of 125,000 (“the Additional Option Tonnage”). The Option Tonnage and Additional Option Tonnage will be in addition to the coal tonnage otherwise scheduled under the Contract and will be identified as Group-Contract 612-40964 and
will be subject to the following terms and conditions, in addition to the terms and conditions of the Contract. This Supplement is effective as of October 29, 2012. 

 

	1.	As stated in Subsection 2.1.3. of the Contract, “The Base Tonnage for Contract Year 2013 will be the first 1,000,000 tons delivered prior to the delivery of any of
the Option Tonnage and any of the Additional Option Tonnage in Contract Year 2013.” 

  

	2.	The Contract Year 2013 price that TVA pays for the Base Tonnage shall be the Base Price of $45.50 per ton as provided in Section 6.0. Price, of the
Contract. 

  

	3.	The Contract Year 2013 price that TVA pays for any Option Tonnage or any Additional Option Tonnage shall be the Option Tonnage Base Price of $43.12 per ton as provided
in Section 6.0, Price, of the Contract. 

  

	4.	The Base Price per ton of the Option Tonnage and Additional Option Tonnage is $43.12, which price is subject to adjustment for quality as provided in
Section 8.0 Adjustment for Quality. 

  

	5.	The Option Tonnage and Additional Option Tonnage will not affect TVA’s obligation to purchase 1,000,000 tons of coal under the Contract during Contract Year 2013
at the Base Price of $45.50 per ton. 

  

	6.	The Option Tonnage and Additional Option Tonnage will conform to Section 9.1., Quality and Specifications, of the Contract. 

Please complete the acceptance below and return the copy of this Contract Supplement to this office. You should retain the original for
your file. The acceptance date of this Supplement No. 2 shall be the date on which both parties have signed a copy thereof. 

(Signature Page Follows) 

  
 TVA
RESTRICTED INFORMATION 
 Page 1 of 2 

									
	Accepted	 	 ARMSTRONG COAL CO.
	 		 	TENNESSEE VALLEY AUTHORITY
		 	Company	 		 		 	
				
	By	 	 

	 		 	

		 	Signature	 		 	Connie S. Gazaway
		 		 		 	Asset Management Specialist
			
	 President
	 		 	

	Title	 		 		 	Elizabeth L. Kirk
		 		 		 	Manager, Coal Contracts
			
	 10/30/12
	 		 	 10/30/12

	Date	 		 		 	Date	 	

  
 TVA
RESTRICTED INFORMATION 
 Page 2 of 2EX-10.11

 Exhibit 10.11 
 Tennessee Valley Authority 
 Coal Supply & Origination 

1101 Market Street, MR 2A 
 Chattanooga, Tennessee 37402-2801 
 CONTRACT SUPPLEMENT 

 

							
	TO:	  	 Armstrong Coal Company, Inc,	  	Supplement No.	  	3
		  	 7733 Forsyth Boulevard - Suite 1625	  	Date	  	December 14, 2012
		  	 St. Louis, Missouri 63105	  	Group-Contract No.	  	612-40958
		  		  	Plants	  	Widows Creek/Paradise

 Attention: Mr. Martin Wilson 
 This confirms the agreement reached between Mickey Fitzhugh, Armstrong Coal Company, Inc. (“Armstrong”) and Amy Sitton, Tennessee Valley Authority (“TVA”). TVA and Armstrong agree to
further Supplement Group-Contract 612-40958 as previously amended by Supplements 1-2 (the “Contract”) as follows: 
  

	 	1.	TVA and Armstrong hereby agree to change the start date of the Base Term of the Contract from January 1, 2013 (as stated in Section 1.0 Contract Term) to
December 17, 2012. 

  

	 	2.	Effective December 17, 2012, and through December 31, 2012 (“2012 Period”), Armstrong’s Parkway Underground Mine (“Parkway Mine”)
shall, at TVA’s option, deliver up to 20,000 tons of coal from its Parkway Mine to TVA’s Paradise Fossil Plant (“Paradise”) by truck under the Contract. 

 

	 	3.	All 5.0# SO2 coal delivered from the Parkway Mine during the 2012 Period shall conform to the quality specifications as set forth below: 

 

																	
	TYPICAL ANALYSIS1	  	 	 	  	 	 	  	 	  	 REJECTION/SUSPENSION
 SPECIFICATIONS3
	 
						
	 Lbs. of SO2 per million BTu2
	  	 	5.0	  	  	 	lbs.	  	  		  	 Not more than 5.0(P)
	  	 	lbs.	  
	 Total Moisture
	  	 	11.0	  	  	 	%	  	  		  	 Not more than 12.0
	  	 	%	  
	 Sulfur (a/r max)
	  	 	2.90	  	  	 	%	  	  		  	 Not more than 3.0
	  	 	%	  
	 Ash (as received)
	  	 	10.0	  	  	 	%	  	  		  	 Not more than 12.0
	  	 	%	  
	 Btu/lb. (a/r)
	  	 	11,400	  	  				  		  	 Not less than 11,000
	  			
	 Ash fusion temperature Reducing atmosphere
	  				  				  		  		  			
	 Initial
	  	 	1980	  	  	 	°F	  	  		  		  			
	 Softening
	  	 	2075	  	  	 	°F	  	  		  		  	 	°F	  
	 Hemispherical
	  	 	2135	  	  	 	°F	  	  		  		  	 	°F	  
	 Fluid
	  				  	 	°F	  	  		  		  	 	°F	  
	 Volatile Matter (dry basis)
	  				  	 	%	  	  		  		  	 	%	  
	 Grindability (Hardgrove Index)
	  	 	54	  	  				  		  		  			
	 Chlorine (dry basis)
	  	 	.02	  	  	 	%	  	  		  		  	 	%	  

  
 TVA
RESTRICTED INFORMATION 
 Page 1 of 3 

 NOTES: 
  

	1	The Typical Analysis shall be used for the quality adjustments under Section 8. 

	2	Sulfur Dioxide calculated at 97.5 percent 

	3	Failure to comply with any of these specifications shall be a basis for rejections and suspensions or termination pursuant to Subsections 9.3., 9.4., and 9.5 of the
Contract. 

	4	Paradise (P) 

  

	 	4.	The Base Price for coal delivered from the Parkway Mine during the 2012 Period shall be the Contract Year #1 Base Price of $45.50 per ton. Coal delivered from the
Parkway Mine during the 2012 Period shall be subject to adjustment pursuant to Section 10 0 Contract Price Adjustments and Cost Reimbursements of the Contract. 

 

	 	5.	The Contract Year #1 Base Price of $45.50 per ton for coal delivered from the Parkway Mine during the 2012 Period shall be subject to quality adjustments as may be
applicable to reflect the quality of delivered coal under Section 8, Adjustment for Quality, of the Contract based on the quality and specifications in accordance with Section 3. of this Supplement No. 3.

  

	 	6.	TVA shall make price adjustments to cover Armstrong’s cost for the truck transportation of the coal delivered from Armstrong’s Parkway Mine to Paradise during
the 2012 Period by adding the truck transportation rate of $2.50 per ton for delivery on Weekdays, including Saturdays. 

  

	 	7.	TVA shall make a price adjustment to cover Armstrong’s cost for the sampling and weighing of the coal delivered during the 2012 Period from Armstrong’s
Parkway Mine to Paradise. The price for providing these services will be $0.20 per ton. 

  

	 	8.	Invoices for truck transportation and weighing and sampling costs shall be submitted by Armstrong to TVA’s Contract Administrator by the tenth day of each month
for the previous month with backup documentation to support the claim. Payment of these invoices shall be handled by TVA as additional payments. 

  

	 	9.	The coal quantity delivery requirements of the Contract shall be reduced by each ton of coal delivered from Parkway Mine to Paradise under this agreement during the
2012 Period. 

 Please complete the acceptance on both copies and return one copy to this office. You should retain the other
original copy for your files. 
 In the event Contractor fails to execute this Supplement in the acceptance space provided below or fails to
return such executed Supplement to TVA, shipment of coal to TVA following the date of Contractor’s receipt of this Supplement shall constitute an acceptance by Contractor of all the terms and conditions of this Supplement, Contractor notifies
TVA, both orally and in writing that this Supplement is not accepted. 
 Except as otherwise provided in the immediately preceding sentence, the
acceptance date of this Supplement shall be the date on which both parties have signed a copy thereof. 
 (Signature Page
Follows) 

  
 TVA
RESTRICTED INFORMATION 
 Page 2 of 3 

									
	Accepted	 	 ARMSTRONG COAL CO.
	 		 	Tennessee Valley Authority
		 	(Company)	 		 		 	
					
	By	 	

	 		 	By	 	

		 		 		 	Connie S. Gazaway
		 		 		 	Asset Management Specialist
				
	Title	 	 President
	 		 	 December 17, 2012

		 		 		 	Date
				
	Date	 	 12/18/12
	 		 	

		 		 		 	Elizabeth L. Kirk
		 		 		 	Manager, Coal Contracts
				
		 		 		 	 December 17, 2017

		 		 		 	Date

  
 TVA
RESTRICTED INFORMATION 
 Page 3 of 3

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