Document:

EX-10.2

RAIT FINANCIAL TRUST

2929Arch Street, 17th Floor

Philadelphia, PA 19104

As of January 26, 2010

Re: 2010 Annual Trustee Compensation Cash Payment & Common Share Purchases

To Each of RAIT’s Non-Management Trustees:

The purpose of this letter is to notify you that, on January 26, 2010, the Compensation
Committee (the “Committee”) of the Board of Trustees (the “Board”) of RAIT
Financial Trust (“RAIT”) approved a cash payment (the “Cash Payment”) to each of
the eight non-management Trustees (the “Non-Management Trustees”) on the Board. Your Cash
Payment is in the amount of $50,000. This Cash Payment is intended to constitute a portion of your
2009 annual non-management trustee compensation and is subject to the terms and conditions set
forth in this letter. Specifically:

	 	(a)	 	The first $20,000 of the Cash Payment will be paid to you by check in a single
lump sum in accordance with RAIT’s normal practices within ten business days following
the date of this letter.

	 	(b)	 	The remaining $30,000 of the Cash Payment (the “Common Share Purchase
Portion”) will be wired as promptly as is practicable directly to your brokerage
account (the “Account”) at Deutsche Bank Securities Inc. (“DB”)
previously identified by you to us.

	 	(c)	 	RAIT will give prior notice to you of the date when RAIT’s current Blackout
Period (as defined in RAIT’s Insider Trading Policy (the “Policy”)) will end.
You authorize RAIT to deliver on your behalf instructions to DB (the “DB
Instructions”) in form and substance satisfactory to RAIT on the trading day
immediately following the end of RAIT’s current Blackout Period that direct DB to use
the Common Share Purchase Portion to purchase as many common shares of beneficial
interest, par value $0.01 of RAIT (the “Shares”) as the Common Share Purchase
Portion will purchase to the fullest extent practicable in one or more transactions
complying with the timing, price and volume restrictions of Rule 10b-18 (“Rule 10b-18”)
promulgated under the Securities Exchange Act of 1934, as amended. Each of the
Non-Management Trustees has an account with DB and, accordingly, you agree that the DB
Instructions shall direct DB to coordinate all the respective purchases using the
respective Common Share Purchase Portions paid to each of the Non-Management Trustees
so that, individually and in the aggregate, all such purchases will comply with the
timing, price and volume restrictions of Rule 10b-18. You agree to instruct DB to
make such purchases, subject to the requirements of Rule 10b-18, as promptly as is
practicable beginning on the trading day when DB receives the DB Instructions and
continuing each trading day thereafter until the Common Share Purchase Portion has been
used to purchase the Shares to the fullest extent practicable. To the extent there is
any cash remaining after whole shares are purchased, the cash will be returned to you.
DB will inform RAIT of all purchases at the end of each day on which purchases are
made.  All purchases made with the Common Share Purchase Portion are intended to come
within Rule 10b5-1(c) promulgated under the Securities Exchange Act of 1934, as
amended. You agree not to give any instructions to DB regarding the Common Share
Purchase Portion that are inconsistent with the DB Instructions.

	 	(d)	 	Any Shares that are purchased for you by DB will be subject to a trading
restriction in which you agree not to sell such Shares for the one year period that
follows the date of such purchase and to hold such Shares in the Account during such
one year period. The purchases contemplated by, and made in accordance with, this
letter have been determined to comply with the Policy. You acknowledge that you will
comply with the Policy with respect to any other transactions involving RAIT’s
securities, including pre-clearing any such transactions in accordance with the Policy.

	 	(e)	 	You are solely responsible for all taxes that result from this Cash Payment.

Please sign below and return to me to acknowledge your acceptance of the terms and conditions
of the Cash Payment described in this letter.

Sincerely,

RAIT Financial Trust

By:       

Name: Jack E. Salmon

Title: Chief Financial Officer & Treasurer

I hereby agree to the terms and conditions for the Cash Payment described in this letter.

	 	 	 
	     

	 	as of January 26, 2010
	Name:     

Trusteeex4-9.htm

    EXHIBIT
4.9

     

     

     

     

    FIRST SUPPLEMENTAL
INDENTURE

     

     

    SUPPLEMENTAL
INDENTURE (this “Supplemental
Indenture”), dated as of December 3, 2009, among Powell Mountain
Energy, LLC (the “Guaranteeing
Subsidiary”), a subsidiary of International Coal Group, Inc., a Delaware
corporation (the “Issuer”), the other Guarantors
(as defined in the Indenture referred to herein) and The Bank of New York Mellon
Trust  Company, N.A., as trustee under the Indenture referred to below
(the “Trustee”).

     

     

    W
I T N E S S E T H

     

    WHEREAS,
the Issuer has heretofore executed and delivered to the Trustee an indenture
(the “Indenture”), dated
as of June 23, 2006 providing for the issuance of 10.25% Senior Notes due
2014 (the “Notes”);

     

     

    WHEREAS,
the Indenture provides that under certain circumstances the Guaranteeing
Subsidiary shall execute and deliver to the Trustee a supplemental indenture
pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee
all of the Issuer’s Obligations under the Notes and the Indenture on the terms
and conditions set forth herein (the “Note Guarantee”);
and

     

     

    WHEREAS,
pursuant to Section 9.01 of the Indenture, the Trustee is authorized to
execute and deliver this Supplemental Indenture.

     

     

    NOW,
THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the Guaranteeing
Subsidiary and the Trustee mutually covenant and agree for the equal and ratable
benefit of the Holders of the Notes as follows:

     

     

    1.
CAPITALIZED TERMS. Capitalized terms used herein without definition shall have
the meanings assigned to them in the Indenture.

     

     

    2.
AGREEMENT TO GUARANTEE. The Guaranteeing Subsidiary hereby agrees to provide an
unconditional Guarantee on the terms and subject to the conditions set forth in
the Note Guarantee and in the Indenture including but not limited to Article 10
thereof.

     

     

    3.
NO RECOURSE AGAINST OTHERS. No past, present or future director, manager,
officer, employee, incorporator, member, stockholder or agent of the
Guaranteeing Subsidiary, as such, shall have any liability for any obligations
of the Issuer or any Guaranteeing Subsidiary under the Notes, any Note
Guarantees, the Indenture or this Supplemental Indenture or for any claim based
on, in respect of, or by reason of, such obligations or their creation. Each
Holder of the Notes by accepting a Note waives and releases all such liability.
The waiver and release are part of the consideration for issuance of the Notes.
Such waiver may not be effective to waive liabilities under the federal
securities laws and it is the view of the SEC that such a waiver is against
public policy.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    4.
NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN
AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO
APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF
THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

     

     

    5.
COUNTERPARTS. The parties may sign any number of copies of this Supplemental
Indenture. Each signed copy shall be an original, but all of them together
represent the same agreement.

     

     

    6.
EFFECT OF HEADINGS. The Section headings herein are for convenience only and
shall not affect the construction hereof.

     

     

    7.
THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for
or in respect of the validity or sufficiency of this Supplemental Indenture or
for or in respect of the recitals contained herein, all of which recitals are
made solely by the Guaranteeing Subsidiary and the Issuer.

     

     

    IN
WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to
be duly executed and attested, all as of the date first above
written.

     

     

    [Signature
Page Follows]

     

     

     

    2

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

     

    Dated:
  December 3, 2009  

     

    
      	
              POWELL
      MOUNTAIN ENERGY, LLC 

            
	 
      
	
              By:

            	 
      	
              /s/
      Roger L. Nicholson

            
	
              Name:

            	 
      	
              Roger
      L. Nicholson

            
	
              Title:

            	 
      	
              Vice
      President and Secretary

            

    

    

    

    
      	
              INTERNATIONAL
      COAL GROUP, INC.

            
	 
      
	
              By:

            	 
      	
              /s/
      Roger L. Nicholson

            
	
              Name:

            	 
      	
              Roger
      L. Nicholson

            
	
              Title:

            	 
      	
              Senior
      Vice President, General Counsel and
Secretary

            

    

    

    

    
      	
              BRONCO
      MINING COMPANY, INC.

            
	 
      
	
              By:

            	 
      	
              /s/
      Joseph R. Beckerle

            
	
              Name:

            	 
      	
              Joseph
      R. Beckerle

            
	
              Title:

            	 
      	
              Vice
      President and Treasurer

            

    

    

    

    
      	
              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

            

    

    

    

    
      	
              HUNTER
      RIDGE COAL COMPANY

            
	 
      
	
              By:

            	 
      	
              /s/
      Joseph R. Beckerle

            
	
              Name:

            	 
      	
              Joseph
      R. Beckerle

            
	
              Title:

            	 
      	
              Vice
      President and Treasurer

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
              HUNTER
      RIDGE HOLDINGS, INC.

            
	 
      
	
              By:

            	 
      	
              /s/
      Joseph R. Beckerle

            
	
              Name:

            	 
      	
              Joseph
      R. Beckerle

            
	
              Title:

            	 
      	
              Vice
      President and Treasurer

            

    

    

    

    
      	
              HUNTER
      RIDGE, INC.

            
	 
      
	
              By:

            	 
      	
              /s/
      Joseph R. Beckerle

            
	
              Name:

            	 
      	
              Joseph
      R. Beckerle

            
	
              Title:

            	 
      	
              Vice
      President and Treasurer

            

    

    

    

    
      	
              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/
      Christina T. Brumley

            
	
              Name:

            	 
      	
              Christina
      T. Brumley

            
	
              Title:

            	 
      	
              Secretary

            

    

    

    

    
      	
              ICG
      EASTERN LAND, LLC

            
	 
      
	
              By:

            	 
      	
              /s/
      Charles G. Snavely

            
	
              Name:

            	 
      	
              Charles
      G. Snavely

            
	
              Title:

            	 
      	
              Vice
      President

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
              ICG
      EASTERN, LLC

            
	 
      
	
              By:

            	 
      	
              /s/
      Christina T. Brumley

            
	
              Name:

            	 
      	
              Christina
      T. Brumley

            
	
              Title:

            	 
      	
              Secretary

            

    

    

    

    
      	
              ICG
      HAZARD LAND, LLC

            
	 
      
	
              By:

            	 
      	
              /s/
      Roger L. Nicholson

            
	
              Name:

            	 
      	
              Roger
      L. Nicholson

            
	
              Title:

            	 
      	
              Secretary

            

    

    

    

    
      	
              ICG
      HAZARD, LLC

            
	 
      
	
              By:

            	 
      	
              /s/
      Christina T. Brumley

            
	
              Name:

            	 
      	
              Christina
      T. Brumley

            
	
              Title:

            	 
      	
              Secretary

            

    

    

    

    
      	
              ICG
      ILLINOIS, LLC

            
	 
      
	
              By:

            	 
      	
              /s/
      Christina T. Brumley

            
	
              Name:

            	 
      	
              Christina
      T. Brumley

            
	
              Title:

            	 
      	
              Secretary

            

    

    

    

    
      	
              ICG
      KNOTT COUNTY, LLC

            
	 
      
	
              By:

            	 
      	
              /s/
      Christina T. Brumley

            
	
              Name:

            	 
      	
              Christina
      T. Brumley

            
	
              Title:

            	 
      	
              Secretary

            

    

    

    

    
      	
              ICG
      NATURAL RESOURCES, LLC

            
	 
      
	
              By:

            	 
      	
              /s/
      Charles G. Snavely

            
	
              Name:

            	 
      	
              Charles
      G. Snavely

            
	
              Title:

            	 
      	
              Vice
      President

            

    

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
              ICG
      TYGART VALLEY, LLC

            
	 
      
	
              By:

            	 
      	
              /s/
      Roger L. Nicholson

            
	
              Name:

            	 
      	
              Roger
      L. Nicholson

            
	
              Title:

            	 
      	
              Secretary

            

    

    

    

    
      	
              ICG,
      INC.

            
	 
      
	
              By:

            	 
      	
              /s/
      Roger L. Nicholson

            
	
              Name:

            	 
      	
              Roger
      L. Nicholson

            
	
              Title:

            	 
      	
              Senior
      Vice President, General Counsel and
Secretary

            

    

    

    

    
      	
              ICG,
      LLC

            
	 
      
	
              By:

            	 
      	
              /s/
      Roger L. Nicholson

            
	
              Name:

            	 
      	
              Roger
      L. Nicholson

            
	
              Title:

            	 
      	
              Senior
      Vice President, General Counsel and
Secretary

            

    

    

    

    
      	
              JULIANA
      MINING COMPANY, INC.

            
	 
      
	
              By:

            	 
      	
              /s/
      Charles G. Snavely

            
	
              Name:

            	 
      	
              Charles
      G. Snavely

            
	
              Title:

            	 
      	
              President

            

    

    

    

    
      	
              KING
      KNOB COAL CO., INC.

            
	 
      
	
              By:

            	 
      	
              /s/
      Joseph R. Beckerle

            
	
              Name:

            	 
      	
              Joseph
      R. Beckerle

            
	
              Title:

            	 
      	
              Vice
      President and Treasurer

            

    

    

    

    
      	
              MARINE
      COAL SALES COMPANY

            
	 
      
	
              By:

            	 
      	
              /s/
      Joseph R. Beckerle

            
	
              Name:

            	 
      	
              Joseph
      R. Beckerle

            
	
              Title:

            	 
      	
              Vice
      President and Treasurer

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
              MELROSE
      COAL COMPANY, INC.

            
	 
      
	
              By:

            	 
      	
              /s/
      Joseph R. Beckerle

            
	
              Name:

            	 
      	
              Joseph
      R. Beckerle

            
	
              Title:

            	 
      	
              Vice
      President and Treasurer

            

    

    

    

    
      	
              PATRIOT
      MINING COMPANY, INC.

            
	 
      
	
              By:

            	 
      	
              /s/
      Joseph R. Beckerle

            
	
              Name:

            	 
      	
              Joseph
      R. Beckerle

            
	
              Title:

            	 
      	
              Vice
      President and Treasurer

            

    

    

    

    
      	
              SIMBA
      GROUP, INC.

            
	 
      
	
              By:

            	 
      	
              /s/
      Charles G. Snavely

            
	
              Name:

            	 
      	
              Charles
      G. Snavely

            
	
              Title:

            	 
      	
              President

            

    

    

    

    
      	
              UPSHUR
      PROPERTY, INC.

            
	 
      
	
              By:

            	 
      	
              /s/
      Joseph R. Beckerle

            
	
              Name:

            	 
      	
              Joseph
      R. Beckerle

            
	
              Title:

            	 
      	
              Vice
      President and Treasurer

            

    

    

    

    
      	
              VINDEX
      ENERGY CORPORATION

            
	 
      
	
              By:

            	 
      	
              /s/
      Joseph R. Beckerle

            
	
              Name:

            	 
      	
              Joseph
      R. Beckerle

            
	
              Title:

            	 
      	
              Vice
      President and Treasurer

            

    

    

    

    
      	
              WHITE
      WOLF ENERGY, INC.

            
	 
      
	
              By:

            	 
      	
              /s/
      Roger L. Nicholson

            
	
              Name:

            	 
      	
              Roger
      L. Nicholson

            
	
              Title:

            	 
      	
              Vice
      President and Secretary

            

    

    

    

    
      	
              WOLF
      RUN MINING COMPANY

            
	 
      
	
              By:

            	 
      	
              /s/
      Joseph R. Beckerle

            
	
              Name:

            	 
      	
              Joseph
      R. Beckerle

            
	
              Title:

            	 
      	
              Vice
      President and Treasurer

            

    

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
              THE
      BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee

            
	 
      
	
              By:

            	 
      	
              /s/
      Linda Garcia

            
	
              Name:

            	 
      	
              Linda
      Garcia

            
	
              Title:

            	 
      	
              Vice
      President

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