Document:

exv10w2

 

EXHIBIT 10.2

Execution Copy

AMENDMENT TO CREDIT AGREEMENT

     THIS AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is executed and delivered as of
this 8th day of August 2007 among LASALLE BANK NATIONAL ASSOCIATION, as administrative agent (the
“Administrative Agent”), the financial institutions party hereto (the “Lenders”),
AKORN, INC., a Louisiana corporation (“Akorn”) and AKORN (NEW JERSEY), INC., an Illinois
corporation (“Akorn New Jersey”).

W I T N E S S E T H :

     A. The Administrative Agent, Akorn, Akorn New Jersey and the Lenders entered into a Credit
Agreement dated as of October 7, 2003 (as amended, restated, supplemented or otherwise modified
from time to time, the “Credit Agreement”). Capitalized terms used but not defined herein
shall have the meanings attributed to them in the Credit Agreement.

     B. The Companies have requested that the Administrative Agent and the Required Lenders consent
to certain terms of the Credit Agreement, subject to the terms and conditions set forth herein.

     NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties hereto
hereby agree as follows:

     1. Amendment. Upon the Effective Date (as defined below), the Credit Agreement shall
be amended as follows:

     (a) Borrowing Base. The definition of “Borrowing Base” set forth in Section
1.1 of the Credit Agreement is hereby amended and restated in its entirety to read as
follows:

Borrowing Base means an amount equal to the total of (a) 80% of the
unpaid amount (net of (i) such reserves and allowances as the Administrative
Agent deems necessary in its reasonable discretion and (ii) liabilities and
reserves for chargebacks, returns, rebates and discounts) of all Eligible
Accounts plus (b) the lesser of (i) 65% of the value of all Eligible
Inventory valued at the lower of cost or market or (ii) $7,500,000
plus (c) the Adjusted Forced Liquidation Value (net of such reserves
and allowances as the Administrative Agent deems necessary in its reasonable
discretion).

     (b) EBITDA. The definition of “EBITDA” set forth in Section 1.1 of the Credit
Agreement is hereby amended and restated in its entirety to read as follows:

EBITDA means, for any period, Consolidated Net Income for such
period plus (a) to the extent deducted in determining such
Consolidated Net Income, Interest Expense, income tax expense, depreciation
and amortization for such period plus (b) solely for the purposes of

 

 

determining EBITDA for the Fiscal Year 2003, the Decatur Add Back and the
Refinancing Expense Add Back plus (c) solely for determining EBITDA
for the Computation Periods ending December 31, 2005 and March 31, 2006,
research and development expenditures during such Computation Periods in an
amount not to exceed $3,000,000 plus (d) solely for determining
EBITDA for the Computation Periods ending December 31, 2006 and March 31,
2007 (but subject to the condition that the Companies have Cash Equivalent
Investments at all times during each such applicable Computation Period
equal to or in excess of $5,000,000), research and development expenses
during such Computation Period in an amount not to exceed $10,000,000
plus (e) solely for determining EBITDA for the Computation Period
ending June 30, 2007 and each Computation Period thereafter, research and
development expenditures actually made during such Computation Period in an
amount not to exceed $15,000,000, so long as the Companies have Cash
Equivalent Investments (exclusive of any Cash Equivalent Investments
attributable to or representing the proceeds of Revolving Loans) at all
times during each such applicable Computation Period equal to or in excess
of (x) if there were no Revolving Loans outstanding during such Computation
Period, $5,000,000, or (y) otherwise, the greater of (i) $5,000,000 and (ii)
50% of the amount added pursuant to this clause (e).

     (c) Revolving Commitment Amount. The definition of Revolving Commitment Amount set
forth in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety
to read as follows:

     Revolving Commitment Amount means $10,000,000, as reduced or
increased from time to time pursuant to Section 6.1 or 6.4.

     (d) Commitment Increase. The following is added to the Credit Agreement as
Section 6.5:

     “6.5 Increase in Commitments.

6.5.1 Provided there exists no Unmatured Event of Default or Event of
Default, upon notice to the Administrative Agent (which shall promptly
notify the Lenders), the Companies may from time to time request an increase
in the Revolving Commitment Amount by an amount (for all such requests) not
exceeding $10,000,000; provided that (i) the Revolving Commitment may not
exceed $20,000,000; and provided further that any such request for an
increase shall be in a minimum amount of $5,000,000 and in multiples of
$5,000,000 in excess thereof and (ii) the Companies may not request more
than two increases. At the time of sending such notice, Companies (in
consultation with the Administrative Agent) shall specify the time period
within which each Lender is requested to respond

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(which shall in no event be less than twenty Business Days from the date of
delivery of such notice to the Lenders).

6.5.2 Each Lender shall notify the Administrative Agent within such time
period whether or not it agrees to increase its Revolving Commitment Amount
and, if so, whether by an amount equal to, greater than, or less than its
Pro Rata Share of such requested increase. Any Lender not responding within
such time period shall be deemed to have declined to increase its Revolving
Commitment Amount.

6.5.3 The Administrative Agent shall notify the Companies and each Lender of
the Lenders’ responses to each request made hereunder. If the Lenders do
not agree to the full amount of a requested increase, subject to the
approval of the Administrative Agent and the Issuing Lender (which approvals
shall not be unreasonably withheld), the Companies may also invite
additional Persons to become Lenders pursuant to a joinder agreement in form
and substance satisfactory to the Administrative Agent and its counsel.

6.5.4 If the Revolving Commitment Amount is increased in accordance with
this Section, the Administrative Agent and the Companies shall determine the
effective date (the “Increase Effective Date”) and the final
allocation of such increase. The Administrative Agent shall promptly notify
the Companies and the Lenders of the final allocation of such increase, the
Increase Effective Date and revised Pro Rata Shares.

6.5.5 As a condition precedent to such increase, the Companies shall deliver
to the Administrative Agent:

(a) an Officer’s Certificate dated as of the Increase Effective Date (i)
certifying that, before and after giving effect to such increase, (A) the
representations and warranties contained in Section 9 and the other
Loan Documents are true and correct on and as of the Increase Effective
Date, except to the extent that such representations and warranties
specifically refer to an earlier date, in which case they are true and
correct as of such earlier date, and (B) no Unmatured Event of Default or
Event of Default exists or shall result from such increase to the Revolving
Commitment Amount;

(b) a Note for each Lender to the extent required to evidence the new or
increased Commitment of such Lender;

(c) each Company’s (i) charter (or similar formation document), certified
by the appropriate governmental authority; (ii) good standing certificates
in its state of incorporation (or formation) and in each other state
requested

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by the Administrative Agent; (iii) bylaws (or similar governing document);
(iv) resolutions of its board of directors (or similar governing body)
approving and authorizing the increase in the Revolving Commitment Amount;
and (v) signature and incumbency certificates of its officers executing any
of the Loan Documents (it being understood that the Administrative Agent and
each Lender may conclusively rely on each such certificate until formally
advised by a like certificate of any changes therein), all certified by its
secretary or an assistant secretary (or similar officer) as being in full
force and effect without modification; and

(d) such other agreements and opinions of counsel as the Administrative
Agent may reasonably request.

6.5.6 The Lenders (new or existing) shall accept an assignment from the
existing Lenders, and the existing Lenders shall make an assignment to the
new or existing Lender accepting a new or increased Commitment, of a direct
or participation interest in each then outstanding Loan and Letter of Credit
such that, after giving effect thereto, all Revolving Outstandings hereunder
are held ratably by the Lenders in proportion to their respective
Commitments. Assignments pursuant to the preceding sentence shall be made
in exchange for the principal amount assigned plus accrued and unpaid
interest and facility and letter of credit fees. The Companies shall make
any payments under Section 8.4 resulting from such assignments.

6.5.7 This Section shall supersede any provisions in Section 7.5 or
15.1 to the contrary.”

     2. Representations and Warranties. To induce the Administrative Agent and the Lenders
to execute this Amendment, each Company jointly and severally represents and warrants to the
Administrative Agent and the Lenders as follows:

     (a) Each Company is in good standing under the laws of its jurisdiction of formation
and in each jurisdiction where, because of the nature of its activities or properties, such
qualification is required, except for such jurisdictions where the failure to so qualify
would not have a Material Adverse Effect.

     (b) Each Company is duly authorized to execute and deliver this Amendment and is duly
authorized to perform its obligations hereunder.

     (c) The execution, delivery and performance by the Companies of this Amendment do not
and will not (i) require any consent or approval of any governmental agency or authority
(other than any consent or approval which has been obtained and is in full force and
effect), (ii) conflict with (A) any provision of law, (B) the charter, by-laws or other
organizational documents of any Company or (C) any agreement, indenture, instrument or other
document, or any judgment, order or decree, which is binding upon

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any Company or any of its properties or (iii) require, or result in, the creation or
imposition of any Lien on any asset of any Company.

     (d) This Amendment is the legal, valid and binding obligation of each Company,
enforceable against such Company in accordance with its terms, subject to bankruptcy,
insolvency and similar laws affecting enforceability of creditors’ rights generally and to
general principals of equity.

     (e) The representations and warranties in the Loan Documents (including but not limited
to Section 9 of the Credit Agreement) are true and correct in all material respects with the
same effect as though made on and as of the date of this Amendment (except to the extent
stated to relate to a specific earlier date, in which case such representations and
warranties were true and correct as of such earlier date).

     (f) Except as specifically waived in this Amendment, no Event of Default or Unmatured
Event of Default has occurred and is continuing.

     3. Conditions to Effectiveness. The effectiveness of this Amendment is expressly
conditioned upon delivering to the Administrative Agent this Amendment executed by each Company,
the Administrative Agent and the Required Lenders. The date on which such event has occurred is
the “Effective Date”.

     4. Affirmation. Except as specifically provided in this Amendment, the execution,
delivery and effectiveness of this Amendment shall not operate as a waiver or forbearance of any
Unmatured Event of Default or Event of Default or any right, power or remedy of the Administrative
Agent or any Lender under the Credit Agreement or any of the other Loan Documents, or constitute a
consent, waiver or modification with respect to any provision of the Credit Agreement or any of the
other Loan Documents, and the Company hereby fully ratifies and affirms each Loan Document to which
it is a party. Reference in any of this Amendment, the Credit Agreement or any other Loan Document
to the Credit Agreement shall be a reference to the Credit Agreement as modified hereby and as
further amended, modified, restated, supplemented or extended from time to time. This Amendment
shall constitute a Loan Document for purposes of the Credit Agreement and the other Loan Documents.

     5. Counterparts. This Amendment may be executed in two or more counterparts, each of
which shall constitute an original, but all of which when taken together shall constitute one
instrument. Delivery of an executed counterpart of this Amendment by facsimile shall be effective
as delivery of an original counterpart.

     6. Headings. The headings and captions of this Amendment are for the purposes of
reference only and shall not affect the construction of, or be taken into consideration in
interpreting, this Amendment.

     7. Further Assurances. Each Company agrees to execute and deliver, or cause to be
executed and delivered, in form and substance satisfactory to the Administrative Agent and the
Lenders, such further documents, instruments, amendments and financing statements and to

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take such further action, as may be necessary from time to time to perfect and maintain the
liens and security interests created by the Loan Documents.

     8. APPLICABLE LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED
BY THE LAWS OF THE STATE OF ILLINOIS WITHOUT GIVING EFFECT TO ILLINOIS CHOICE OF LAW DOCTRINE.

     9. Acknowledgment. Each Company hereby waives, discharges and forever releases the
Administrative Agent and each of the Lenders, and each of said Person’s employees, officers,
directors, attorneys, stockholders and successors and assigns, from and of any and all claims,
causes of action, allegations or assertions that either Company has or may have had at any time
through (and including) the date of this Amendment, against any or all of the foregoing, regardless
of whether any such claims, causes of action, allegations or assertions are known to either Company
or whether any such claims, causes of action, allegations or assertions arose as a result of the
Administrative Agent’s or any Lender’s actions or omissions in connection with the Credit
Agreement, including any amendments or modifications thereto, or otherwise.

[signature pages follow]

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     IN WITNESS WHEREOF, this Amendment has been duly executed and delivered as of the day and year
first above written.

	 	 	 	 	 
	 	 	AKORN, INC.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jeffrey A. Whitnell
	 

	 	 	 	 
	 

	 	Title:
	 	Chief Financial Officer
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	AKORN (NEW JERSEY), INC.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jeffrey A. Whitnell
	 

	 	 	 	 
	 

	 	Title:
	 	Chief Financial Officer
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	LASALLE BANK NATIONAL ASSOCIATION,
	 	 	as Administrative Agent and Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Patrick J. O’Toole
	 

	 	 	 	 
	 

	 	Title:
	 	First Vice Presidentexv4w1

 

Exhibit 4.1

FOURTEENTH SUPPLEMENTAL INDENTURE

(6 7/8% Notes due 2013)

     FOURTEENTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of June
14, 2007, by and among the entities listed on Schedule I attached hereto (the
“Guaranteeing Subsidiaries”), each being a subsidiary of Peabody Energy Corporation (or its
permitted successor), a Delaware corporation (the “Company”), the Company, the other
Subsidiary Guarantors (as defined in the Indenture referred to herein) and US Bank National
Association, as Trustee under the Indenture referred to below (the “Trustee”).

WITNESSETH

     WHEREAS, the Company has heretofore executed and delivered to the Trustee an Indenture (the
“Indenture”), dated as of March 21, 2003 providing for the issuance of an unlimited amount
of 6 7/8% Notes due 2013 (the “Notes”), as supplemented by a First Supplemental Indenture,
dated as of May 7, 2003; Second Supplemental Indenture, dated as of September 30, 2003; Third
Supplemental Indenture, dated as of February 24, 2004; Fourth Supplemental Indenture, dated as of
April 22, 2004; Fifth Supplemental Indenture, dated as of October 18, 2004; Sixth Supplemental
Indenture, dated as of January 20, 2005; Seventh Supplemental Indenture, dated as of September 30,
2005, Eighth Supplemental Indenture, dated as of January 20, 2006; Ninth Supplemental Indenture,
dated as of June 13, 2006; Tenth Supplemental Indenture, dated as of June 30, 2006; Eleventh
Supplemental Indenture, dated as of September 29, 2006; Twelfth Supplemental Indenture, dated as of
November 10, 2006; and Thirteenth Supplemental Indenture, dated as of January 31, 2007; and

     WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiaries
shall execute and deliver to the Trustee a supplemental indenture pursuant to which the
Guaranteeing Subsidiaries shall unconditionally guarantee all of the Company’s Obligations under
the Notes on the terms and conditions set forth herein (the “Subsidiary 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 Subsidiaries 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. Each of the Guaranteeing Subsidiaries hereby agrees as
follows:

	 	(a)	 	Along with all Subsidiary Guarantors named in the Indenture, to
jointly and severally Guarantee to each Holder of a Note authenticated and
delivered by the Trustee and to the Trustee and its successors and assigns,
irrespective of the validity and enforceability of the Indenture, the Notes or
the obligations of the Company hereunder or thereunder, that:

	 	(i)	 	the principal of and interest on the Notes will
be promptly paid in full when due, whether at maturity, by
acceleration, redemption or otherwise,
and interest on the overdue principal of and interest on the Notes,

 

 

	 	 	 	if any, if lawful, and all other obligations of the Company to the
Holders or the Trustee hereunder or thereunder will be promptly paid
in full or performed, all in accordance with the terms hereof and
thereof; and
	 
	 	(ii)	 	in case of any extension of time of payment or
renewal of any Notes or any of such other obligations, that same will
be promptly paid in full when due or performed in accordance with the
terms of the extension or renewal, whether at stated maturity, by
acceleration or otherwise.

	 	 	 	Failing payment when due of any amount so guaranteed or any performance so
guaranteed for whatever reason, the Subsidiary Guarantors shall be jointly
and severally obligated to pay the same immediately. Each Subsidiary
Guarantor agrees that this is a guarantee of payment and not a guarantee of
collection.
	 
	 	(b)	 	The obligations hereunder shall be joint and several and
unconditional, irrespective of the validity or enforceability of the Notes or
the obligations of the Company under the Indenture, the absence of any action
to enforce the same, any waiver or consent by any Holder of the Notes with
respect to any provisions hereof or thereof, the recovery of any judgment
against the Company, any action to enforce the same or any other circumstance
which might otherwise constitute a legal or equitable discharge or defense of a
Subsidiary Guarantor.
	 
	 	(c)	 	The following is hereby waived: diligence, presentment, demand
of payment, filing of claims with a court in the event of insolvency or
bankruptcy of the Company, any right to require a proceeding first against the
Company, protest, notice and all demands whatsoever.
	 
	 	(d)	 	This Subsidiary Guarantee shall not be discharged except by
complete performance of the obligations contained in the Notes and the
Indenture.
	 
	 	(e)	 	If any Holder or the Trustee is required by any court or
otherwise to return to the Company, the Subsidiary Guarantors, or any
custodian, Trustee, liquidator or other similar official acting in relation to
either the Company or the Subsidiary Guarantors, any amount paid by either to
the Trustee or such Holder, this Subsidiary Guarantee, to the extent
theretofore discharged, shall be reinstated in full force and effect.
	 
	 	(f)	 	The Guaranteeing Subsidiaries shall not be entitled to any
right of subrogation in relation to the Holders in respect of any obligations
guaranteed hereby until payment in full of all obligations guaranteed hereby.
	 
	 	(g)	 	As between the Subsidiary Guarantors, on the one hand, and the
Holders and the Trustee, on the other hand, (x) the maturity of the obligations
guaranteed hereby may be accelerated as provided in Article 6 of the Indenture
for the purposes of this Subsidiary Guarantee, notwithstanding any stay,
injunction or other prohibition preventing such acceleration in respect of the
obligations guaranteed hereby, and (y) in the event of any declaration of
acceleration of such obligations as provided in Article 6 of the Indenture,
such obligations (whether or not due and payable) shall forthwith become due
and payable by the Subsidiary Guarantors for the purpose of this Subsidiary
Guarantee.
	 
	 	(h)	 	The Subsidiary Guarantors shall have the right to seek
contribution from any non-paying Subsidiary Guarantor so long as the exercise
of such right does not impair the rights of the Holders under the Subsidiary
Guarantee.

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	 	(i)	 	Pursuant to Section 10.04 of the Indenture, after giving effect
to any maximum amount and any other contingent and fixed liabilities that are
relevant under any applicable Bankruptcy or fraudulent conveyance laws, and
after giving effect to any collections from, rights to receive contribution
from or payments made by or on behalf of any other Subsidiary Guarantor in
respect of the obligations of such other Subsidiary Guarantor under Article 10
of the Indenture shall result in the obligations of such Subsidiary Guarantor
under its Subsidiary Guarantee not constituting a fraudulent transfer or
conveyance.

     3. Execution and Delivery. Each of the Guaranteeing Subsidiaries agrees that the
Subsidiary Guarantees shall remain in full force and effect notwithstanding any failure to endorse
on each Note a notation of such Subsidiary Guarantee.

     4. Guaranteeing Subsidiary May Consolidate, Etc. on Certain Terms.

	 	(a)	 	The Guaranteeing Subsidiaries may not consolidate with or merge
with or into (whether or not such Senior Subordinated Note Guarantor is the
surviving Person) another corporation, Person or entity whether or not
affiliated with such Subsidiary Guarantor unless:

	 	(i)	 	subject to Section 10.04 of the Indenture, the
Person formed by or surviving any such consolidation or merger (if
other than a Subsidiary Guarantor or the Company) unconditionally
assumes all the obligations of such Subsidiary Guarantor, pursuant to a
supplemental Indenture in form and substance reasonably satisfactory to
the Trustee, under the Notes, the Indenture and the Subsidiary
Guarantee on the terms set forth herein or therein; and
	 
	 	(ii)	 	immediately after giving effect to such
transaction, no Default or Event of Default exists.

	(b)	 	In case of any such consolidation, merger, sale or conveyance
and upon the assumption by the successor corporation, by supplemental
Indenture, executed and delivered to the Trustee and satisfactory in form to
the Trustee, of the Subsidiary Guarantee endorsed upon the Notes and the due
and punctual performance of all of the covenants and conditions of the
Indenture to be performed by the Subsidiary Guarantor, such successor
corporation shall succeed to and be substituted for the Subsidiary Guarantor
with the same effect as if it had been named herein as a Subsidiary Guarantor.
Such successor corporation thereupon may cause to be signed any or all of the
Subsidiary Guarantees to be endorsed upon all of the Notes issuable hereunder
which theretofore shall not have been signed by the Company and delivered to
the Trustee. All the Subsidiary Guarantees so issued shall in all respects
have the same legal rank and benefit under the Indenture as the Subsidiary
Guarantees theretofore and thereafter issued in accordance with the terms of
the Indenture as though all of such Subsidiary Guarantees had been issued at
the date of the execution hereof.
	 
	(c)	 	Except as set forth in Articles 4 and 5 of the Indenture, and
notwithstanding clauses (a) and (b) above, nothing contained in the Indenture
or in any of the Notes shall prevent any consolidation or merger of a
Subsidiary Guarantor with or into the Company or another Subsidiary Guarantor,
or shall prevent any sale or conveyance of the property of a Subsidiary
Guarantor as an entirety or substantially as an entirety to the Company or
another Subsidiary Guarantor.

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     5. Releases.

	 	(a)	 	In the event of a sale or other disposition of all of the
assets of any Subsidiary Guarantor, by way of merger, consolidation or
otherwise, or a sale or other disposition of all to the capital stock of any
Subsidiary Guarantor, then such Subsidiary Guarantor (in the event of a sale or
other disposition, by way of merger, consolidation or otherwise, of all of the
capital stock of such Subsidiary Guarantor) or the corporation acquiring the
property (in the event of a sale or other disposition of all or substantially
all of the assets of such Subsidiary Guarantor) will be released and relieved
of any obligations under its Subsidiary Guarantee; provided that the Net
Proceeds of such sale or other disposition are applied in accordance with the
applicable provisions of the Indenture, including without limitation Section
4.10 of the Indenture. Upon delivery by the Company to the Trustee of an
Officer’s Certificate and an Opinion of Counsel to the effect that such sale or
other disposition was made by the Company in accordance with the provisions of
the Indenture, including without limitation Section 4.10 of the Indenture, the
Trustee shall execute any documents reasonably required in order to evidence
the release of any Subsidiary Guarantor from its obligations under its
Subsidiary Guarantee.
	 
	 	(b)	 	Any Subsidiary Guarantor not released from its obligations
under its Subsidiary Guarantee shall remain liable for the full amount of
principal of and interest on the Notes and for the other obligations of any
Subsidiary Guarantor under the Indenture as provided in Article 10 of the
Indenture.

     6. No Recourse Against Others. No past, present or future director, officer,
employee, incorporator, stockholder or agent of the Guaranteeing Subsidiaries, as such, shall have
any liability for any obligations of the Company or any of the Guaranteeing Subsidiaries under the
Notes, any Subsidiary 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 Commission that such a
waiver is against public policy.

     7. NEW YORK LAW TO GOVERN. THE LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO
CONSTRUE THIS SUPPLEMENTAL INDENTURE.

     8. 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.

     9. Effect of Headings. The Section headings herein are for convenience only and
shall not affect the construction hereof.

     10. 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
Subsidiaries and the Company.

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     IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be executed
by their respective officers thereunto duly authorized, as of the date first written above.

	 	 	 	 	 	 	 	 	 	 	 
	PEABODY ENERGY CORPORATION	 	US BANK NATIONAL ASSOCIATION
	(“COMPANY”)	 	(“TRUSTEE”)
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Walter L. Hawkins, Jr.
	 	 	 	By:
	 	/s/ Philip G. Kane, Jr.	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	Name:

	 	Walter L. Hawkins, Jr.
	 	 	 	Name:
	 	Philip G. Kane, Jr.	 	 
	Title:

	 	Vice President & Treasurer
	 	 	 	Title:
	 	Vice President	 	 

EXISTING SUBSIDIARY GUARANTORS:

	 	 	 
	 	 	AFFINITY MINING COMPANY

	 	 	AMERICAN LAND DEVELOPMENT, LLC

	 	 	AMERICAN LAND HOLDINGS OF ILLINOIS, LLC

	 	 	AMERICAN LAND HOLDINGS OF INDIANA, LLC

	 	 	AMERICAN LAND HOLDINGS OF KENTUCKY, LLC

	 	 	f/k/a BTU VENEZUELA, LLC

	 	 	APPALACHIA MINE SERVICES, LLC

	 	 	APPALACHIAN BASIN OIL & GAS, LLC

	 	 	ARCLAR COMPANY, LLC

	 	 	ARID OPERATIONS INC.

	 	 	BEAVER DAM COAL COMPANY, LLC

	 	 	f/k/a BEAVER DAM COAL COMPANY

	 	 	BIG RIDGE, INC.

	 	 	BIG SKY COAL COMPANY

	 	 	BLACK BEAUTY COAL COMPANY, LLC

	 	 	f/k/a BLACK BEAUTY COAL COMPANY

	 	 	BLACK HILLS MINING COMPANY, LLC

	 	 	BLACK STALLION COAL COMPANY, LLC

	 	 	BLACK WALNUT COAL COMPANY

	 	 	BLUEGRASS MINE SERVICES, LLC

	 	 	f/k/a BLUEGRASS COAL COMPANY

	 	 	BTU EMPIRE CORPORATION

	 	 	BTU WESTERN RESOURCES, INC.

	 	 	CABALLO COAL COMPANY

	 	 	CASEYVILLE DOCK COMPANY, LLC

	 	 	CENTRAL STATES COAL RESERVES OF ILLINOIS, LLC

	 	 	f/k/a PEABODY DEVELOPMENT LAND
HOLDINGS, LLC

	 	 	CENTRAL STATES COAL RESERVES OF INDIANA, LLC

	 	 	CENTRAL STATES COAL RESERVES OF KENTUCKY, LLC

	 	 	CHARLES COAL COMPANY, LLC

	 	 	f/k/a CHARLES COAL COMPANY

	 	 	CLEATON COAL COMPANY

	 	 	COAL PROPERTIES, LLC

	 	 	f/k/a COAL PROPERTIES CORP.

	 	 	COALSALES, LLC

	 	 	COALSALES II, LLC

	 	 	COALTRADE INTERNATIONAL, LLC

	 	 	COALTRADE, LLC

	 	 	COAL RESERVES HOLDING LIMITED LIABILITY

	 	 	COMPANY NO. 1

	 	 	COAL RESERVES HOLDING LIMITED LIABILITY

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	 	 	     COMPANY NO. 2

	 	 	COLONY BAY COAL COMPANY

	 	 	COLORADO COAL RESOURCES, LLC

	 	 	COLORADO YAMPA COAL COMPANY

	 	 	COOK MOUNTAIN COAL COMPANY, LLC

	 	 	f/k/a COOK MOUNTAIN COAL COMPANY

	 	 	COTTONWOOD LAND COMPANY

	 	 	COULTERVILLE COAL COMPANY, LLC

	 	 	f/k/a WILLIAMSVILLE COAL COMPANY, LLC

	 	 	CYPRUS CREEK LAND COMPANY

	 	 	CYPRUS CREEK LAND RESOURCES, LLC

	 	 	DIXON MINING COMPANY, LLC

	 	 	DODGE HILL HOLDING JV, LLC

	 	 	DODGE HILL OF KENTUCKY, LLC

	 	 	DODGE HILL MINING COMPANY, LLC

	 	 	DYSON CREEK COAL COMPANY, LLC

	 	 	DYSON CREEK MINING COMPANY, LLC

	 	 	EACC CAMPS, INC.

	 	 	EASTERN ASSOCIATED COAL, LLC

	 	 	f/k/a EASTERN ASSOCIATED COAL CORP.

	 	 	EASTERN COAL COMPANY, LLC

	 	 	EASTERN ROYALTY CORP.

	 	 	EL SEGUNDO COAL COMPANY, LLC

	 	 	EL SEGUNDO COAL RESOURCES, LLC

	 	 	FALCON COAL COMPANY, LLC

	 	 	f/k/a FALCON COAL COMPANY

	 	 	FORT ENERGY, LLC

	 	 	GALLO FINANCE COMPANY

	 	 	GOLD FIELDS CHILE, LLC

	 	 	f/k/a GOLD FIELDS CHILE, S.A.

	 	 	GOLD FIELDS MINING, LLC

	 	 	GOLD FIELDS ORTIZ, LLC

	 	 	f/k/a GOLD FIELDS OPERATING CO. — ORTIZ

	 	 	GRAND EAGLE MINING, INC.

	 	 	HAYDEN GULCH TERMINAL, INC.

	 	 	HIGHLAND MINING COMPANY, LLC

	 	 	f/k/a HIGHLAND MINING COMPANY

	 	 	HIGHWALL MINING SERVICES COMPANY

	 	 	HILLSIDE MINING COMPANY

	 	 	HMC MINING, LLC

	 	 	ILLINOIS BASIN OIL & GAS, LLC

	 	 	INDEPENDENCE MATERIAL HANDLING, LLC

	 	 	f/k/a INDEPENDENCE MATERIAL HANDLING
COMPANY

	 	 	INDIAN HILL COMPANY

	 	 	INTERIOR HOLDINGS, LLC

	 	 	f/k/a INTERIOR HOLDINGS CORP.

	 	 	JAMES RIVER COAL TERMINAL, LLC

	 	 	f/k/a JAMES RIVER COAL TERMINAL COMPANY

	 	 	JARRELL’S BRANCH COAL COMPANY

	 	 	JUNIPER COAL COMPANY

	 	 	KANAWHA RIVER VENTURES I, LLC

	 	 	KAYENTA MOBILE HOME PARK, INC.

	 	 	LOGAN FORK COAL COMPANY

6

 

	 	 	 
	 	 	MARTINKA COAL COMPANY, LLC

	 	 	f/k/a MARTINKA COAL COMPANY

	 	 	MIDCO SUPPLY AND EQUIPMENT CORPORATION

	 	 	MIDWEST COAL ACQUISITION CORP.

	 	 	MIDWEST COAL RESERVES OF ILLINOIS, LLC

	 	 	MIDWEST COAL RESERVES OF INDIANA, LLC

	 	 	MIDWEST COAL RESOURCES, LLC

	 	 	MIDWEST COAL RESOURCES II, LLC

	 	 	MOUNTAIN VIEW COAL COMPANY, LLC

	 	 	f/k/a MOUNTAIN VIEW COAL COMPANY

	 	 	MUSTANG ENERGY COMPANY, L.L.C.

	 	 	NEW MEXICO COAL RESOURCES, LLC

	 	 	NORTH PAGE COAL CORP.

	 	 	OHIO COUNTY COAL COMPANY, LLC

	 	 	PATRIOT COAL COMPANY, L.P.

	 	 	PATRIOT COAL CORPORATION

	 	 	f/k/a EASTERN COAL HOLDING COMPANY, INC.

	 	 	PATRIOT MIDWEST HOLDINGS, LLC

	 	 	PEABODY AMERICA, INC.

	 	 	PEABODY ARCHVEYOR, L.L.C.

	 	 	PEABODY CARDINAL GASIFICATION, LLC

	 	 	PEABODY COAL COMPANY, LLC

	 	 	f/k/a PEABODY COAL COMPANY

	 	 	PEABODY DEVELOPMENT COMPANY, LLC

	 	 	PEABODY ELECTRICITY, LLC

	 	 	PEABODY ENERGY GENERATION HOLDING
COMPANY

	 	 	PEABODY ENERGY INVESTMENTS, INC.

	 	 	PEABODY ENERGY SOLUTIONS, INC.

	 	 	PEABODY HOLDING COMPANY, LLC

	 	 	f/k/a PHC ACQUISITION CORP.

	 	 	PEABODY INTERNATIONAL SERVICES, INC.

	 	 	PEABODY INVESTMENTS CORP.

	 	 	PEABODY NATURAL GAS, LLC

	 	 	PEABODY NATURAL RESOURCES COMPANY

	 	 	PEABODY POWERTREE INVESTMENTS, LLC

	 	 	PEABODY RECREATIONAL LANDS, L.L.C.

	 	 	PEABODY SOUTHWESTERN COAL COMPANY

	 	 	PEABODY TERMINALS, LLC

	 	 	f/k/a PEABODY TERMINALS, INC.

	 	 	PEABODY VENEZUELA COAL CORP.

	 	 	PEABODY VENTURE FUND, LLC

	 	 	PEABODY-WATERSIDE DEVELOPMENT, L.L.C.

	 	 	PEABODY WESTERN COAL COMPANY

	 	 	PEC EQUIPMENT COMPANY, LLC

	 	 	PINE RIDGE COAL COMPANY, LLC

	 	 	f/k/a PINE RIDGE COAL COMPANY

	 	 	POINT PLEASANT DOCK COMPANY, LLC

	 	 	POND CREEK LAND RESOURCES, LLC

	 	 	POND RIVER LAND COMPANY

	 	 	PORCUPINE PRODUCTION, LLC

	 	 	PORCUPINE TRANSPORTATION, LLC

	 	 	POWDER RIVER COAL, LLC

	 	 	f/k/a POWDER RIVER COAL COMPANY

7

 

	 	 	 
	 	 	POWDER RIVER RESOURCES, LLC

	 	 	PRAIRIE STATE GENERATING COMPANY, LLC

	 	 	RANDOLPH LAND HOLDING COMPANY, LLC

	 	 	RIVERS EDGE MINING, INC.

	 	 	RIVERVIEW TERMINAL COMPANY

	 	 	ROCKIES NATURAL GAS, LLC

	 	 	SCHOOL CREEK COAL COMPANY, LLC

	 	 	SCHOOL CREEK COAL RESOURCES, LLC

	 	 	SENECA COAL COMPANY

	 	 	SENTRY MINING, LLC

	 	 	f/k/a SENTRY MINING COMPANY

	 	 	SHOSHONE COAL CORPORATION

	 	 	SNOWBERRY LAND COMPANY

	 	 	STAR LAKE ENERGY COMPANY, L.L.C.

	 	 	STERLING SMOKELESS COAL COMPANY, LLC

	 	 	f/k/a STERLING SMOKELESS COAL COMPANY

	 	 	SUGAR CAMP PROPERTIES, LLC

	 	 	f/k/a SUGAR CAMP PROPERTIES

	 	 	THOROUGHBRED GENERATING COMPANY, LLC

	 	 	THOROUGHBRED MINING COMPANY, L.L.C.

	 	 	TWENTYMILE COAL COMPANY

	 	 	UNION COUNTY COAL CO., LLC

	 	 	WEST ROUNDUP RESOURCES, INC.

	 	 	WILLIAMS FORK COAL COMPANY, LLC

	 	 	WILLIAMS FORK COAL RESOURCES, LLC

	 	 	WYOMING NATURAL GAS, LLC

	 	 	YANKEETOWN DOCK, LLC

	 	 	f/k/a YANKEETOWN DOCK CORPORATION

	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Walter L. Hawkins, Jr.
	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Walter L. Hawkins, Jr.	 	 
	 

	 	Title:
	 	Vice President	 	 

8

 

ADDITIONAL GUARANTORS:

LIVELY GROVE ENERGY PARTNERS, LLC

MARIGOLD ELECTRICITY, LLC

MARIGOLD ENERGY, LLC

PATRIOT COAL SALES LLC

PATRIOT LEASING COMPANY LLC

	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Walter L. Hawkins, Jr.
	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Walter L. Hawkins, Jr.	 	 
	 

	 	Title:
	 	Vice President & Treasurer	 	 

9

 

SCHEDULE I

NEW GUARANTEEING SUBSIDIARIES

Lively Grove Energy Partners, LLC, a Delaware limited liability company

Marigold Electricity, LLC, a Delaware limited liability company

Marigold Energy, LLC, a Delaware limited liability company

Patriot Coal Sales LLC, a Delaware limited liability company

Patriot Leasing Company LLC, a Delaware limited liability company

10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00127-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00127-of-00352.parquet"}]]