Document:

EXHIBIT 10.9

 

EIGHTH AMENDMENT TO CREDIT AGREEMENT

 

THIS
EIGHTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of June 30,
2010, is made by and among RHINO ENERGY LLC,
a Delaware limited liability company, formerly known as CAM Holdings LLC (“Borrower”),
EACH OF THE GUARANTORS (as hereinafter
defined), the LENDERS  PARTY HERETO,
and PNC BANK, NATIONAL ASSOCIATION, in its
capacity as administrative agent for the Lenders under this Agreement
(hereinafter referred to in such capacity as “Agent”).

 

WITNESSETH:

 

WHEREAS,
Borrower, Guarantors (as defined therein), Lenders (as defined therein) and
Agent are parties to that certain Credit Agreement, dated as of August 30,
2006; as amended by that certain First Amendment to Credit Agreement, dated as
of December 28, 2006; as amended by that certain Second Amendment to
Credit Agreement and Consent, dated as of March 8, 2007; as amended by
that certain Third Amendment to Credit Agreement, dated as of February 29,
2008; as amended by that certain Fourth Amendment to Credit Agreement, dated as
of May 15, 2008; as amended by that certain Fifth Amendment to Credit
Agreement, dated June 1, 2008; as amended by that certain Sixth Amendment
to Credit Agreement and Amendment to Fifth Amendment to Credit Agreement, dated
November 4, 2008; as amended by that certain Seventh Amendment to Credit
Agreement, dated as of March 31, 2009 (as so amended and as the same may
be further amended, modified or supplemented from time to time, the “Credit
Agreement”);

 

WHEREAS,
capitalized terms used herein and not otherwise defined herein and defined in
the Credit Agreement shall have the meanings assigned to them in the Credit
Agreement;

 

WHEREAS,
Wexford Capital LP (as successor-by-merger to Wexford Capital LLC) and various
affiliates thereof (the “Wexford Investors”) hold 100% of the member
interests of the Borrower, and the Wexford Investors pledged such member
interests to the Agent, on behalf of the Lenders, pursuant to that certain
Pledge Agreement dated August 30, 2006 (the “Pledge Agreement”);

 

WHEREAS,
the Wexford Investors propose to transfer, pursuant to a series of transfers
(collectively, the “Borrower Equity Transfer”), all of the member
interests in the Borrower (which transfers shall be made subject to the lien
created by the existing Pledge Agreement) such that after giving effect to the
Borrower Equity Transfer all of the member interests in the Borrower shall be
owned by Rhino Resource Partners LP, a Delaware limited partnership (the “MLP”);

 

WHEREAS,
the above restructuring is done in contemplation of the initial public offering
by the MLP of a portion of its common units, representing limited partner
interests (the “MLP IPO”);

 

WHEREAS, in addition to the Borrower Equity Transfer, the Borrower
wishes to make certain changes to certain covenants contained in the Credit
Agreement

 

 

WHEREAS,
the Loan Parties now request that Required Lenders agree to consent to the
Borrower Equity Transfer and the amendments to the Credit Agreement set forth
herein; and Required Lenders are willing to accommodate the request of the Loan
Parties, subject to and on the terms and conditions set forth herein.

 

NOW,
THEREFORE, the parties hereto, in consideration of their mutual covenants and
agreements hereinafter set forth, and intending to be legally bound hereby,
covenant and agree as follows:

 

1.                                       Consent to Borrower Equity
Transfer.  Effective
upon the date that each of the conditions set forth in Section 4 hereof
has been satisfied to the satisfaction of the Agent (such date being defined herein
as the “Eighth Amendment Effective Date”), the Agent and the Required
Lenders consent to the Borrower Equity Transfer provided that contemporaneously
with the occurrence of the Borrower Equity Transfer:

 

(a)                                  The MLP shall
execute and deliver to the Agent for the benefit of the Lenders an amended and
restated Pledge Agreement (the “Amended and Restated Pledge Agreement”),
substantially in the form of Exhibit “A” attached hereto, pledging
all of the MLP’s equity interest in the Borrower, and shall have been ratified
by the Borrower;

 

(b)                                 The MLP shall
execute and deliver to the Agent for the benefit of the Lenders a joinder to
the Guaranty Agreement and the Credit Agreement substantially in the form of Exhibit “B”
attached hereto (collectively, the “Joinders”); and

 

(c)                                  The Secretary
or Assistant Secretary of Rhino GP LLC, a Delaware limited liability company
(the “General Partner”) shall have delivered to the Agent for the
benefit of the Lenders a certificate, dated as of such date and signed by such
Secretary or Assistant Secretary, certifying as to:

 

(i)                                     all authorizing action taken
by the MLP and the General Partner with respect to the Amended and Restated
Pledge Agreement and the Joinders;

 

(ii)                                  the names of the officer or
officers of the General Partner authorized to sign the Amended and Restated
Pledge Agreement, the Joinders and such other documents to be executed by or on
behalf of the MLP in connection therewith, and the true signatures of such
officer or officers, on which the Agent and each Lender may conclusively rely;
and

 

(iii)                               copies of the organizational
documents of the MLP and the General Partner, including its respective
certificate of limited partnership, certificate of organization, partnership
agreement and operating agreement, as applicable, certified by the appropriate
state official where such documents are filed in a state office together with
certificates from the appropriate state officials as to the continued existence
and good standing of the MLP and the General Partner in the state where each
such entity is organized, all of which shall be reasonably satisfactory to the
Agent.

 

 

(d)                                 The MLP and the
General Partner shall deliver to the Agent such other documents related to the
Borrower Equity Transfer, the Amended and Restated Pledge Agreement and the
Joinders as may be reasonably required by the Agent, in form and substance
reasonably satisfactory to the Agent and its counsel.

 

2.                                       The following amendments
shall become effective upon the Eighth Amendment Effective Date:

 

(a)                                  Section 1.1 [Certain
Definitions] of the Credit Agreement shall be amended to:

 

(i)                                     Insert the
following new definitions in the appropriate alphabetical order therein:

 

“Eighth Amendment shall mean that certain
Eighth Amendment to Credit Agreement, dated as of June     ,
2010, among Borrower, Guarantors, Lenders party thereto and Agent.”

 

“Eighth Amendment Effective Date shall mean
the date that each of the conditions set forth in Section 4 of the Eighth
Amendment has been satisfied to the satisfaction of the Agent.”

 

(ii)                                  Amend and
restate the definition of Consolidated EBITDA as follows:

 

“Consolidated EBITDA shall mean, for any
period of determination, Consolidated Net Income for such period, (x) excluding
therefrom (A) any non-cash extraordinary items of gain or loss (including
those items created by mandated changes in accounting treatment) and (B) in
the event that the Loan Parties own less than all of the equity interests in
any Person, any gain attributable to such Person except to the extent of the
cash received from such Person in excess of the aggregate amount of any loans,
advances and investments made by the Loan Parties to such Person during such
period of determination, plus (y) the aggregate amounts deducted in
determining Consolidated Net Income for such period in respect of:  (i) Consolidated Interest Expense, (ii) income
taxes, (iii) depletion and depreciation expense and (iv) amortization
expense; provided, however, that for the purposes of this
definition, with respect to a business acquired by the Loan Parties pursuant to
a Permitted Acquisition, Consolidated EBITDA shall be calculated on a pro forma
basis, using historical numbers, in accordance with GAAP as if the Permitted
Acquisition had been consummated at the beginning of such period, and provided,
further, that for the purposes of this definition, with respect to a
business or assets disposed of by the Loan Parties pursuant to Section 8.2.7,
Consolidated EBITDA shall be calculated as if such disposition had been
consummated at the beginning of such period.”

 

(b)                                 Amendment of Section 8.2.17
[Maximum Leverage Ratio].  Section 8.2.17
of the Credit Agreement shall be amended and restated in its entirety as
follows:

 

3

 

“8.2.17            Maximum Leverage Ratio.  The Loan Parties shall not at any time permit
the Leverage Ratio, calculated at the end of each fiscal quarter, to exceed
3.0:1.0.”

 

(c)                                  Amendment of Schedule 1.1(A) [Pricing
Grid-Variable Pricing and Fees Based on Leverage Ratio].  The Pricing Grid-Variable Pricing and Fees
Based on Leverage Ratio set forth in Schedule 1.1(A) of the Credit
Agreement is hereby amended and restated in its entirety as set forth on the
schedule titled as Schedule 1.1(A) — Pricing Grid - Variable
Rate Pricing and Fees Based on Leverage Ratio, attached hereto and made a
part hereof.

 

(d)                                 Amendment of Section 8.2.6
[Liquidations, Mergers, Consolidations, Acquisitions].  Section 8.2.6 (3)(viii) of the
Credit Agreement is hereby amended and restated in its entirety as follows:

 

“(viii)  (A) the MLP’s pro-forma Leverage
Ratio is less than 3.0 to 1.0 after giving effect to such Permitted Acquisition
and assuming that an additional $15,000,000 has been borrowed as Loans
immediately after such Permitted Acquisition (the assumption that $15,000,000
of additional Loans is outstanding is purely hypothetical for purposes of
demonstrating a potential Leverage Ratio post-acquisition and has no other
purpose under this Agreement), and (B) the Borrower shall have
Availability of at least $15,000,000 after giving effect to such Permitted
Acquisition and any Loan associated therewith; and”

 

(e)                                  Amendment of Schedule 1.1(B) [Commitments
of Lenders and Addresses for Notices].  Schedule 1.1(B) of the Credit Agreement
is hereby amended and restated in its entirety as set forth on the schedule
titled as Schedule 1.1(B) — Commitments of Lenders and Addresses
for Notices attached hereto and made a part hereof.

 

3.                                       The following agreements and
amendments shall become effective upon the date of the initial public offering
by the MLP of a portion of its common units, representing limited partner
interests (the “MLP IPO Date”) and the satisfaction of each of the
conditions set forth in Section 5 of this Amendment to the satisfaction of
the Agent, provided such date occurs on or before December 31, 2010 (as
such date may be extended pursuant to the terms of Section 6 of this
Amendment, the “Required MLP IPO Completion Date”):

 

(a)                                  The following definitions
contained in Section 1.1 [Certain Definitions] shall be amended and
restated in their entirety as follows:

 

“Affiliate as to any specified Person shall
mean any other Person that directly, or indirectly through one or more
intermediaries, controls or is controlled by or is under common control with
the Person specified.  Control, as used
in this definition, shall mean the possession, directly or indirectly, of the
power to direct or cause the direction of the management or policies of a
Person, whether through the ownership of voting securities, by contract or
otherwise, including the power to elect a majority of the directors or trustees
of a corporation or trust, as the case may be.”

 

“Change of Control shall mean the occurrence
of any one or more of the following events: 
(i) Wexford shall fail to own, directly or indirectly, at least 51%
of the 

 

4

 

membership
interests in the General Partner, (ii) the General Partner shall cease to
own and control, of record and beneficially, 100% of the general partner
interests in the MLP, or (iii) the MLP shall cease to own, directly or
indirectly, 100% of the membership interests of the Borrower.”

 

“Consolidated
Interest Expense for any
period of determination shall mean, on a consolidated basis, the sum of all
interest (including the interest portion of any capitalized lease obligations)
and letter of credit fees or commissions due and payable by the MLP and its
consolidated Subsidiaries with regard to Indebtedness for such period.  For purposes of the above calculation, with
respect to a business acquired by the Loan Parties pursuant to a Permitted
Acquisition, Consolidated Interest Expense shall be calculated on a pro forma
basis in accordance with GAAP as if the Indebtedness associated with the
Permitted Acquisition had been incurred on the first day of such period.”

 

“Consolidated
Net Income shall mean the
net income (or deficit) of the MLP and its consolidated Subsidiaries, for the
period in question, after deducting all operating expenses, provisions for all
taxes and reserves (including reserves for all deferred income taxes) and all
other proper deductions, all determined on a consolidated basis.”

 

“Consolidated Tangible
Net Worth shall mean as of any date of determination total stockholders’
equity less intangible assets of the MLP and its consolidated Subsidiaries as
of such date determined and consolidated in accordance with GAAP.”

 

“Consolidated
Total Indebtedness shall
mean the Indebtedness of the MLP and its consolidated Subsidiaries determined
and consolidated in accordance with GAAP. 
It is specifically agreed that Consolidated Total Indebtedness shall not
include any contingent obligations of the MLP and its consolidated Subsidiaries
with respect to surety bonds entered into in the ordinary course of business or
letters of credit delivered in lieu thereof; provided that if any such
obligations become due and payable and are not paid within fifteen (15)
Business Days of the due date therefor, such obligations shall be included in
Consolidated Total Indebtedness.”

 

“Interest Coverage Ratio shall mean the ratio
of Consolidated EBITDA to Consolidated Interest Expense, determined as of the
end of each fiscal quarter of the MLP for the four fiscal quarters then ended.”

 

“Leverage Ratio shall mean the ratio of Consolidated
Total Indebtedness to Consolidated EBITDA. 
For purposes of calculating the Leverage Ratio, Consolidated Total
Indebtedness shall be determined as of the end of each fiscal quarter of the
MLP and Consolidated EBITDA shall be determined as of the end of each fiscal
quarter of the MLP for the four fiscal quarters then ended.”

 

“Loan Parties” shall mean the Borrower and
the Guarantors, provided that any reference to the term “Loan Party” or “Loan
Parties” in any Loan Documents, other than the Credit Agreement, the Notes, the
Guaranty Agreement, and the Pledge Agreement (Borrower), shall not include the
MLP.

 

5

 

“Pledge Agreement (Borrower) shall mean the
Amended and Restated Pledge Agreement in substantially the form of Exhibit “A”,
attached to the Eighth Amendment executed and delivered by the MLP to the Agent
for the benefit of the Lenders.”

 

(b)                                 Section 1.1 [Certain
Definitions] of the Credit Agreement shall be amended to insert the following
new definitions in the appropriate alphabetical order therein:

 

“General Partner shall mean Rhino GP LLC, a
Delaware limited liability company.”

 

“Hydrocarbon Auxiliary Assets and Activities
means (i) equipment or infrastructure related to Hydrocarbons or Hydrocarbon
Interests, (ii) assets and activities germane to mid-stream businesses
involving Hydrocarbons or Hydrocarbon Interests, (iii) oil and gas
services businesses and (iv) the exploration, mining and development of
materials used in the extraction of Hydrocarbons.”

 

“MLP” shall mean Rhino Resource Partners LP,
a Delaware limited partnership.

 

“MLP IPO” shall mean the initial public
offering by the MLP of a portion of its common units, representing limited
partner interests and all transactions related thereto.

 

“MLP IPO Date” shall mean the date of the MLP
IPO.

 

“MLP Available Cash shall have the meaning
assigned to the term “Available Cash” in the Partnership Agreement.”

 

“MLP Quarterly Distributions shall mean the
distributions by the MLP of MLP Available Cash.”

 

“Partnership Agreement shall mean the First
Amended and Restated Agreement of Limited Partnership of Rhino Resource
Partners LP, as in effect on the MLP IPO Date.”

 

“Wexford shall mean (i) Wexford Capital
LP (as successor-by-merger to Wexford Capital LLC), (ii) any fund or other
entity owned, managed, or otherwise controlled by Wexford Capital LP (as
successor-by-merger to Wexford Capital LLC), and (iii) each Person who is
an owner of Wexford Capital LP (as successor-by-merger to Wexford Capital LLC).”

 

(c)                                  The definition of “Tax
Distributions” contained in Section 1.1 [Certain Definitions] shall be
deleted in its entirety.

 

(d)                                 Amendment of Section 8.1.14
[Collateral and Additional Collateral, Etc.].  Subsection (i) of Section 8.1.14 of
the Credit Agreement shall be amended and restated as follows:

 

“(i)                               Pursuant to the Loan
Documents, (A) the Borrower and any Subsidiaries, shall grant, or cause to
be granted, to the Agent, for the benefit of the Lenders, a first priority
security interest in and Lien on, subject only to Permitted Liens, (x) all
Collateral, (y)  all equity interests of the Borrower and its
Subsidiaries, and (z) all other assets of the Borrower and any
Subsidiaries, whether owned on the Closing Date or

 

6

 

subsequently
acquired except those assets subject to capitalized leases or Purchase Money
Security Interests and the Excluded Properties and (B) the MLP shall grant
to the Agent for the benefit of the Lenders, a first priority security interest
in and Lien on, subject to Permitted Liens, all of the MLP’s equity interest in
the Borrower.  Notwithstanding the
foregoing, to the extent a Lien is not granted on after-acquired Property by
virtue of the Loan Documents, the Loan Parties (other than the MLP) shall have
thirty (30) calendar days from the date of such acquisition to grant to the
Agent, on behalf of the Lenders, a Lien, as more fully described in subsections
(i) and (ii), below.”

 

(e)                                  Amendment of Section 8.2.1
[Indebtedness].  The following
sentence shall be added to the end of Section 8.2.1 of the Credit
Agreement:

 

“Notwithstanding
anything contained herein to the contrary, the MLP shall not incur any
Indebtedness other than in connection with the Loan Documents or pursuant to
Guaranties permitted by Section 8.2.3 herein.”

 

(f)                                    Amendment of Section 8.2.4
[Loans and Investments].  The
subsections (iv), (v) and (vi) of Section 8.2.4 of the Credit
Agreement shall be amended and restated as follows:

 

“(iv) loans, advances and investments in other
Loan Parties except loans, advances and investments in the MLP or any Excluded
Subsidiary;

 

(v) investments (including any investments in
the Excluded Subsidiaries) not otherwise permitted by this Section 8.2.4
in an aggregate amount not to exceed $25,000,000 at
anytime outstanding, provided that investments in the MLP are specifically
excluded; and

 

(vi) investments (other than by the MLP) in an
oil and gas joint venture and drilling program in amounts not to exceed
$25,000,000 for the period commencing the date of the Sixth Amendment and
ending December 31, 2008 and in amounts not to exceed $25,000,000
thereafter.”

 

(g)                                 Amendment of Section 8.2.5
[Dividends and Related Distributions].  Section 8.2.5 of the Credit Agreement
shall be amended and restated in its entirety as follows:

 

“8.2.5                  Dividends and Related
Distributions.

 

Each of the Loan Parties shall not, and shall not
permit any of its Subsidiaries to, make or pay, or agree to become or remain
liable to make or pay, any dividend or other distribution of any nature
(whether in cash, property, securities or otherwise) on account of or in
respect of its shares of capital stock, partnership interests or limited
liability company interests or on account of the purchase, redemption,
retirement or acquisition of its shares of capital stock (or warrants, options
or rights therefor), partnership interests or limited liability company
interests, except

 

(i)                                     dividends or
other distributions payable to another Loan Party (other than the MLP);

 

7

 

(ii)                                  upon ten (10) Business
Days prior notice to the Agent, Borrower may transfer equity interests in any
Excluded Subsidiary (other than any Subsidiaries of Rhino Energy WV, LLC with
regard to which the restrictions in this paragraph shall not apply and whose
equity interests may be transferred without regard to the procedures and
restrictions below), provided, however, (a) that no uncured Event of
Default shall be in existence at the time of such transfer, (b) that at
the time of such transfer, the Loan Parties can demonstrate pro forma
compliance with the covenants after taking into account such transfer by
delivering to the Agent a Compliance Certificate, and (c) that the
Borrower shall deliver any documentation related to such transfer, which such
documentation shall be reasonably satisfactory, in form and substance, to the
Agent; and upon such transfer, such Excluded Subsidiary shall cease to be a
Loan Party and shall be released as a Guarantor, and the pledge of the equity
interest therein and the security interest in after-acquired property of such
Excluded Subsidiary shall be released;

 

(iii)                               dividends or
other distributions payable by the Borrower to the MLP in such amounts as
required to pay the general and administrative costs and expenses of the MLP
incurred in connection with the operation of its business including, without
limitation, amounts payable to the General Partner pursuant to the terms of the
Partnership Agreement that do not constitute distributions on the general
partner interest or limited partner interests in the MLP held by the General
Partner;

 

(iv)                              dividends or
other distributions payable by the Borrower to the MLP in such amounts as is
required by the MLP to pay dividends or
distributions or redeem equity interests, in each case pursuant to incentive
compensation and similar benefit plans provided to the management and employees
of the MLP and its Subsidiaries of up to $5,000,000 per annum; and

 

(v)                                 so long as no
Event of Default or Potential Default exists and is continuing or would result
therefrom, the MLP and the Borrower may declare, make or incur a liability to
make distributions to fund MLP Quarterly Distributions; provided that (A) such
MLP Quarterly Distributions are made in accordance with the provisions of the
Partnership Agreement and (B) the aggregate amount of MLP Quarterly
Distributions with respect to any fiscal quarter shall not exceed MLP Available
Cash for such fiscal quarter.”

 

(h)                                 Amendment of Section 8.2.6
[Liquidations, Mergers, Consolidations, Acquisitions].  The following sentence shall be added to the
end of Section 8.2.6 of the Credit Agreement:

 

“Notwithstanding
anything contained herein to the contrary, the MLP shall not be permitted to be
a party to any liquidation, merger, and consolidation.”

 

(i)                                     Amendment of Section 8.2.8
[Affiliate Transactions].  Section 8.2.8
of the Credit Agreement shall be amended and restated in its entirety as
follows:

 

“8.2.8                  Affiliate Transactions.

 

None of the Borrower nor any of the Guarantors shall
or shall permit any of its Subsidiaries to, enter into or carry out any
transaction with any Affiliate who is not a

 

8

 

Loan
Party or an Excluded Subsidiary (including purchasing property or services from
or selling property or services to any Affiliate or other Person), unless such
transaction is not otherwise prohibited by this Agreement, is entered into upon
fair and reasonable arm’s-length terms and conditions which are fully disclosed
to the Agent and is in accordance with all applicable Law, except:

 

(i)                                     reimbursement
of the General Partner and its Affiliates for general and administrative costs
and expenses of the MLP or General Partner or its Affiliates incurred in
connection with the operation of the MLP’s business,

 

(ii)                                  any dividend,
distribution, or redemption permitted by Section 8.2.5; and

 

(iii)                               discrete
transactions having an aggregate value for all such transactions of less than
$100,000 per year.”

 

(j)                                     Amendment of Section 8.2.10
[Continuation of or Change in Business].  Section 8.2.10 of the Credit Agreement
shall be amended and restated in its entirety as follows:

 

“Section 8.2.10                             Continuation of
or Change in Business.

 

Each of the Loan Parties shall not, and shall not
permit any of its Subsidiaries to, engage in any business other than the
business substantially as conducted and operated or as proposed to be conducted
and operated by such Loan Party or Subsidiary on the Closing Date or any
business substantially related thereto, and such Loan Party or Subsidiary shall
not permit any material change in such business; provided, however, that the
Loan Parties and/or any of their Subsidiaries may engage in any business
related to Hydrocarbons, Hydrocarbon Interests or Hydrocarbon Auxiliary Assets
and Activities that are supplemental and ancillary to the business
substantially as conducted and operated or as proposed to be conducted and
operated by such Loan Party or Subsidiary on the Closing Date, which such
business shall include entering into an oil and gas joint venture, entering
into a drilling program for oil and gas wells and entering into a program for
servicing oil and gas wells. 
Notwithstanding anything contained in this Section or elsewhere in
the Agreement, the MLP may not engage in any active business operations and may
not have any equity interests or other loans or investments except for its
equity ownership of the Borrower.”

 

(k)                                  Amendment of Section 8.2.13
[Issuance of Stock, Partnership Interests or Member Interests].  Section 8.2.13 of the Credit Agreement
shall be amended and restated in its entirety as follows:

 

“Section 8.2.13                             Issuance of
Stock, Partnership Interests or Member Interests.

 

Each of the Loan Parties (other than the MLP) shall
not, and shall not permit any of its Subsidiaries to issue any additional
shares of such Loan Party’s capital stock (if it is a corporation), partnership
interests of such Loan Party (if it is a partnership) or limited liability
company interests of such Loan Party (if it is a limited liability company); or
any options, warrants or other rights in respect thereof.”

 

9

 

(l)                                     Amendment of Section 8.2.14
[Change in Organizational Documents].  Section 8.2.14 of the Credit Agreement
shall be amended and restated in its entirety as follows:

 

“Section 8.2.14 
Change in Organizational Documents.

 

(i)                                     None of the Loan Parties
(other than the MLP) shall, nor shall permit, any of its Subsidiaries to, amend
in any respect its certificate of incorporation (including any provisions or
resolutions relating to capital stock), by-laws, certificate of limited
partnership, partnership agreement, certificate of formation, limited liability
company agreement or other organizational documents, provided, however, that
the Loan Parties may enter into (a) amendments to the certificates of
formation and limited liability company agreements of the Loan Parties and
their Subsidiaries in order to facilitate the transactions contemplated by the
MLP IPO; (b)  amendments that would not have a material and adverse effect
on the interests of the Lenders and that would not affect the validity,
perfection or priority of the Lenders’ security interests in the Pledged
Collateral; and (c) amendments to document minor administrative changes in
the governance of any such Loan Party so long as notice of all such amendments
are provided to the Agent at the time of any such amendment.

 

(ii)                                  The MLP shall not make any
amendments, modifications and/or any supplements or changes to the Partnership
Agreement, without the prior written approval of the Required Lenders, if such
amendment, modification and/or supplement or change affects the computation of “Available
Cash.”

 

(m)                               Deletion of Section of Section 8.2.15
[Capital Expenditures].  Section 8.2.15
of the Credit Agreement shall be deleted in it entirety and replaced with the
following:

 

“8.2.15                        Intentionally
Omitted.”

 

(n)                                 Amendment of Section 8.3.2
[Quarterly Financial Statements].  Section 8.3.2 of the Credit Agreement
shall be amended and restated in its entirety as follows:

 

“Section 8.3.2 
Quarterly Financial Statements.

 

As soon as available and in any event within
forty-five (45) calendar days after the end of each of the first three fiscal
quarters in each fiscal year, (i) financial statements of the MLP and its
consolidated Subsidiaries, consisting of a consolidated and consolidating
balance sheet as of the end of such fiscal quarter and related consolidated and
consolidating statements of income, retained earnings, and cash flows for the
fiscal quarter then ended and the fiscal year through that date, all in
reasonable detail and certified (subject to normal year-end audit adjustments)
by the Chief Executive Officer, President or Chief Financial Officer of the
Borrower or, if the Borrower so elects, of the General Partner as having been
prepared in accordance with GAAP, consistently applied, and setting forth in
comparative form the respective financial statements for the corresponding date
and period in the previous fiscal year or (ii) the 10-Q of the MLP with
respect to such fiscal quarter.”

 

10

 

(o)                                 Amendment of Section 8.3.3
[Annual Financial Statements].  Section 8.3.3 of the Credit Agreement
shall be amended and restated in its entirety as follows:

 

“Section 8.3.3 
Annual Financial Statements.

 

As soon as available and in any event within ninety
(90) days after the end of each fiscal year of the MLP, (i) financial
statements of the MLP and its consolidated Subsidiaries consisting of a
consolidated and consolidating balance sheet as of the end of such fiscal year,
and related consolidated and consolidating statements of income, retained
earnings, and cash flows for the fiscal year then ended, all in reasonable
detail and setting forth in comparative form the financial statements as of the
end of and for the preceding fiscal year, and certified by independent
certified public accountants of nationally recognized standing satisfactory to
the Agent or (ii) the 10-K of the MLP with respect to such fiscal
year.  The certificate or report of
accountants shall be free of qualifications (other than any consistency
qualification that may result from a change in the method used to prepare the
financial statements as to which such accountants concur) and shall not
indicate the occurrence or existence of any event, condition or contingency
which would materially impair the prospect of payment or performance of any
covenant, agreement or duty of any Loan Party under any of the Loan Documents.”

 

(p)                                 Amendment of Section 8.3.4
[Certificate of the Borrower].  Section 8.3.4 of the Credit Agreement
shall be amended and restated in its entirety as follows:

 

“Section 8.3.4 
Certificate of the Borrower.

 

Concurrently with the financial statements, 10-K’s
or 10-Q’s of the MLP furnished to the Agent and to the Lenders pursuant to
Sections 8.3.2 [Quarterly Financial Statements] and 8.3.3 [Annual
Financial Statements], a certificate (each a “Compliance Certificate”)
of the Borrower signed by the Chief Executive Officer, President or Chief
Financial Officer of the Borrower, in the form of Exhibit 8.3.4, to
the effect that, except as described pursuant to Section 8.3.5 [Notice of
Default], (i) the representations and warranties of the Borrower contained
in Section 6 and in the other Loan Documents are true on and as of the
date of such certificate with the same effect as though such representations
and warranties had been made on and as of such date (except representations and
warranties which expressly relate solely to an earlier date or time) and the
Loan Parties have performed and complied with all covenants and conditions
hereof, (ii) no Event of Default or Potential Default exists and is
continuing on the date of such certificate and (iii) containing calculations
in sufficient detail to demonstrate compliance as of the date of such financial
statements, 10-K’s or 10-Q’s with all financial covenants contained in
Section 8.2 [Negative Covenants].”

 

(q)                                 Amendment of Schedule 6.1.1
[Qualifications to Do Business].  Schedule 6.1.1 of the Credit Agreement is
hereby amended and restated in its entirety as set forth on the schedule titled
as Schedule 6.1.1 — Qualifications to Do Business attached hereto
and made a part hereof.

 

11

 

(r)                                    Amendment of Schedule 6.1.2
[Capitalization].  Schedule
6.1.2 of the Credit Agreement is hereby amended and restated in its entirety as
set forth on the schedule titled as Schedule 6.1.2 — Capitalization
attached hereto and made a part hereof.

 

(s)                                  Amendment of Schedule 6.1.18
[Insurance Policies].  Schedule
6.1.18 of the Credit Agreement is hereby amended and restated in its entirety
as set forth on the schedule titled as Schedule 6.1.18 — Insurance
Policies attached hereto and made a part hereof.

 

4.                                       Conditions to the Eighth
Amendment Effective Date.  The
amendments and agreements set forth in Sections 1 and 2 of this Amendment shall
become effective upon the date that each of the following conditions has been
satisfied to the satisfaction of the Agent:

 

(a)                                  Execution and
Delivery of Amendment.  The
Borrower, the other Loan Parties, the Required Lenders, and the Agent shall
have executed this Amendment, and all other documentation necessary for
effectiveness of this Amendment shall have been executed and delivered all to
the satisfaction of the Borrower, the Required Lenders and the Agent.

 

(b)                                 Officer’s
Certificate.  There shall
be delivered to the Agent a certificate of the Loan Parties, dated as of the
Eighth Amendment Effective Date and signed by the Chief Executive Officer,
President, Vice President or Chief Financial Officer of each Loan Party in
their capacity as such, certifying that: 
(i) the representations and warranties of the Borrower contained in
Article 6 of the Credit Agreement shall be true and accurate on and as of
the Eighth Amendment Effective Date with the same effect as though such
representations and warranties had been made on and as of such date (except
representations and warranties which relate solely to an earlier date or time,
which representations and warranties shall be true and correct on and as of the
specific dates or times referred to therein); (ii) the Loan Parties shall
have performed and complied with all covenants and conditions of the Credit
Agreement and this Amendment; and (iii) no Event of Default or Potential
Default under the Credit Agreement shall have occurred and be continuing or
shall exist.

 

(c)                                  Representations
and Warranties; No Event of Default.  The representations and warranties contained
in Section 6 of the Credit Agreement and Section 8 of this Amendment,
and of each Loan Party in each of the other Loan Documents, are true and
correct on and as of the Eighth Amendment Effective Date with the same effect
as though such representations and warranties had been made on and as of such
date (except representations and warranties which relate solely to an earlier
date or time, which representations and warranties were true and correct on and
as of the specific dates or times referred to therein), each of the Loan
Parties has performed and complied with all covenants and conditions hereof and
thereof, and no Event of Default or Potential Default has occurred and is
continuing or exists as of the Eighth Amendment Effective Date; and by its
execution and delivery of this Amendment, the Borrower and each other Loan
Party certifies to each such effect.

 

(d)                                 Payment of Fees.  The Borrower has paid, or caused to be paid, (i) all
fees, costs and expenses payable to the Agent or for which the Agent is
entitled to be reimbursed, to the extent invoiced, including but not limited to
the reasonable fees and expenses of the Agent’s legal counsel, and (ii) a
closing fee payable to each Lender that has executed this

 

12

 

Amendment on or before the date hereof in an
amount equal to twenty-five (25) basis points of such Lender’s Commitment.

 

(e)                                  Consents.  All material consents required to effectuate
the transactions contemplated to occur on the Eighth Amendment Effective Date
have been obtained.

 

(f)                                    Legal Details.  All legal details and proceedings in
connection with the transactions contemplated by this Amendment are in form and
substance satisfactory to the Agent and counsel for the Agent, and the Agent
has received all such other counterpart originals or certified or other copies
of such documents and proceedings in connection with such transactions, in form
and substance satisfactory to the Agent and its counsel, as the Agent or its
counsel may reasonably request.

 

(g)                                 Delivery of Pro
Forma Projections.  The
Borrower has delivered to the Agent pro-forma projections (including a
pro-forma closing balance sheet, statement of operations and cash flow),
together with the assumptions used in preparing the forecast financial
statements, for each of the fiscal years from 2010 through 2014, such pro-forma
projections to be in form and substance satisfactory to the Agent (it being
understood that the pro-forma projections are as to future events and are not
to be viewed as facts and that actual results during the period or periods
covered by any such projections may differ significantly from the projected
results and such differences may be material).

 

5.                                       Conditions to Effectiveness
of MLP IPO Amendments Set Forth in Section 3 of this Amendment.  The amendments and agreements set forth in Section 3
of this Amendment shall become effective upon the date that each of the
following conditions has been satisfied to the satisfaction of the Agent:

 

(a)                                  Eighth Amendment Effective
Date.  The Eighth Amendment Effective
Date shall have occurred.

 

(b)                                 Consummation of the Borrower
Equity Transfer.  The
Borrower Equity Transfer shall have occurred and the Borrower shall have
complied with the requirements of Section 1 of this Amendment in
connection therewith.

 

(c)                                  MLP IPO.  The MLP IPO shall have occurred.

 

(d)                                 Opinion of Counsel.  There shall be delivered to the Agent for the
benefit of each Lender a written opinion of Vinson & Elkins LLP, dated
as of the MLP IPO Date, substantially in the form of Exhibit “C”,
attached hereto and made a part hereof.

 

(e)                                  Representations and
Warranties; No Event of Default.  The representations and warranties contained
in Section 6 of the Credit Agreement and in Section 8 of this
Amendment, and of each Loan Party in each of the other Loan Documents, are true
and correct on and as of the MLP IPO Date with the same effect as though such
representations and warranties had been made on and as of such date (except
representations and warranties which relate solely to an earlier date or time,
which representations and warranties were true and correct on and as of the
specific dates or times referred to therein), each of the Loan Parties has

 

13

 

performed and complied with all covenants and
conditions hereof and thereof, and no Event of Default or Potential Default has
occurred and is continuing or exists as of the MLP IPO Date.

 

(f)                                    Consents.  All material consents required to effectuate
the transactions contemplated to occur on the MLP IPO Date have been obtained.

 

(g)                                 Legal Details.  All legal details and proceedings in
connection with the transactions contemplated by this Amendment and the other
Loan Documents are in form and substance satisfactory to the Agent and counsel
for the Agent, and the Agent has received all such other counterpart originals
or certified or other copies of such documents and proceedings in connection
with such transactions, in form and substance satisfactory to the Agent and its
counsel, as the Agent or its counsel may reasonably request.

 

6.                                       Extension of the MLP IPO
Required Completion Date.  In
the event that the MLP IPO fails to occur on or before December 31, 2010,
the Borrower may request an extension of the MLP IPO Required Completion Date
of up to six months to June 30, 2011 and such extension shall be
automatically granted provided that the following conditions are satisfied as
of December 31, 2010:

 

(a)                                  no Event of Default or
Potential Default has occurred and is existing;

 

(b)                                 the Borrower and the other
Loan Parties are otherwise in compliance with all terms, covenants and
conditions of the Loan Documents; and

 

(c)                                  no Material Adverse Change
has occurred.

 

7.                                       Lien Termination Statements. Provided that
contemporaneously with the occurrence of the Borrower Equity Transfer the MLP
shall have executed and delivered to the Agent for the benefit of the Lenders
the Amended and Restated Pledge Agreement, the Agent and the Required Lenders
hereby agree that (i) the UCC-1 financing statements filed against each
member of the Borrower that was a signatory to the Pledge Agreement shall be
deemed terminated and (ii) each such member, the Borrower and the Borrower’s
counsel are authorized to file UCC-3 financing statements terminating such
UCC-1 financing statements

 

8.                                       Representations and
Warranties.  By its
execution and delivery of this Amendment to Agent, Borrower and each of the
other Loan Parties represents and warrants to Agent and Lenders as follows:

 

(a)                                  Authorization, Etc.  Each Loan Party has duly authorized, executed
and delivered this Amendment.

 

(b)                                 Material Adverse Change.  After giving effect to this Amendment, no
Material Adverse Change shall have occurred with respect to Borrower or any of
the other Loan Parties since the Closing Date of the Credit Agreement.

 

(c)                                  Litigation.  After giving effect to this Amendment, there
are no actions, suits, investigations, litigation or governmental proceedings
pending or, to Borrower’s or any

 

14

 

other Loan Party’s knowledge, threatened against any
of the Loan Parties that could reasonably be expected to result in a Material
Adverse Change.

 

(d)                                 Organizational Documents Not
Amended.  As of the date hereof, the
organizational documents of such Loan Party have not been amended or modified
since copies thereof were previously delivered to Agent.

 

9.                                       Miscellaneous.

 

(a)                                  Full Force and Effect.  All provisions of the Credit Agreement and
the other Loan Documents remain in full force and effect on and after the date
of this Amendment except as expressly amended hereby.  The parties do not amend any provisions of
the Credit Agreement or any other Loan Document except as expressly amended
hereby.

 

(b)                                 Counterparts.  This Amendment may be signed in counterparts
(by facsimile transmission or otherwise), but all of which together shall
constitute one and the same instrument.

 

(c)                                  Incorporation into Credit
Agreement.  This
Amendment shall be incorporated into the Credit Agreement by this
reference.  All representations,
warranties, Events of Default and covenants set forth herein shall be a part of
the Credit Agreement as if originally contained therein.

 

(d)                                 Governing Law.  This Amendment shall be deemed to be a
contract under the Laws of the Commonwealth of Pennsylvania and for all
purposes shall be governed by and construed and enforced in accordance with the
internal laws of the Commonwealth of Pennsylvania without regard to its
conflict of laws principles.

 

(e)                                  No Novation.  Except as amended hereby, all of the terms
and conditions of the Credit Agreement and the other Loan Documents shall
remain in full force and effect. 
Borrower, the other Loan Parties, each Lender, and Agent acknowledge and
agree that this Amendment is not intended to constitute, nor does it
constitute, a novation, interruption, suspension of continuity, satisfaction,
discharge or termination of the obligations, loans, liabilities or indebtedness
under the Credit Agreement or the other Loan Documents.

 

[SIGNATURE PAGE FOLLOWS]

 

15

 

[SIGNATURE PAGE - EIGHTH AMENDMENT TO CREDIT AGREEMENT]

 

IN
WITNESS WHEREOF, the parties hereto, by their officers thereunto duly
authorized, have executed this Eighth Amendment as of the day and year first
above written.

 

ATTEST:

 

	
  By:

  	
  /s/
  Melissa Ouellette

  	
   

  	
  By:

  	
  /s/
  Richard A. Boone

  
	
  Name:

  	
  Melissa
  Ouellette

  	
   

  	
  Name:

  	
  Richard
  A. Boone

  
	
  Title:

  	
  Witness

  	
   

  	
  Title:

  	
  Senior
  Vice President and Chief Financial

  
	
   

  	
   

  	
   

  	
  Officer
  of each of the following companies:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  RHINO
  ENERGY LLC

  
	
   

  	
   

  	
  CAM
  MINING LLC

  
	
   

  	
   

  	
  CAM-BB
  LLC

  
	
   

  	
   

  	
  CAM-KENTUCKY
  REAL ESTATE LLC

  
	
   

  	
   

  	
  RHINO
  NORTHERN HOLDINGS LLC

  
	
   

  	
   

  	
  CAM
  COAL TRADING LLC

  
	
   

  	
   

  	
  LEESVILLE
  LAND, LLC

  
	
   

  	
   

  	
  CAM
  AIRCRAFT LLC

  
	
   

  	
   

  	
  HOPEDALE
  MINING LLC

  
	
   

  	
   

  	
  CAM-OHIO
  REAL ESTATE LLC

  
	
   

  	
   

  	
  SPRINGDALE
  LAND, LLC

  
	
   

  	
   

  	
  CAM-COLORADO
  LLC

  
	
   

  	
   

  	
  TAYLORVILLE
  MINING LLC

  
	
   

  	
   

  	
  CLINTON
  STONE LLC

  
	
   

  	
   

  	
  McCLANE
  CANYON MINING LLC

  
	
   

  	
   

  	
  RHINO
  COALFIELD SERVICES LLC

  
	
   

  	
   

  	
  RHINO
  RECLAMATION SERVICES LLC

  
	
   

  	
   

  	
  SANDS
  HILL MINING LLC

  
	
   

  	
   

  	
  RHINO
  SERVICES LLC

  
	
   

  	
   

  	
  RESERVE
  HOLDINGS LLC

  
	
   

  	
   

  	
  RHINO
  TRUCKING LLC

  
	
   

  	
   

  	
  RHINO
  TECHNOLOGIES LLC

  
	
   

  	
   

  	
  TRIAD
  ROOF SUPPORT SYSTEMS LLC

  
	
   

  	
   

  	
  RHINO
  OILFIELD SERVICES LLC

  
	
   

  	
   

  	
  RHINO
  EXPLORATION LLC

  

 

 

[SIGNATURE PAGE - EIGHTH AMENDMENT TO CREDIT AGREEMENT]

 

 

	
   

  	
  PNC
  BANK, NATIONAL ASSOCIATION,

  
	
   

  	
  individually
  and as Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Richard C. Munsick

  
	
   

  	
  Name:

  	
  Richard
  C. Munsick

  
	
   

  	
  Title:

  	
  Senior
  Vice President

  

 

 

[SIGNATURE PAGE - EIGHTH AMENDMENT TO CREDIT AGREEMENT]

 

 

	
   

  	
  BANK
  OF AMERICA, N.A.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Christopher T. Renyi

  
	
   

  	
  Name:

  	
  Christoper
  T. Renyi

  
	
   

  	
  Title:

  	
  Vice
  President

  

 

 

[SIGNATURE PAGE - EIGHTH AMENDMENT TO CREDIT AGREEMENT]

 

 

	
   

  	
  THE
  HUNTINGTON NATIONAL BANK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  W. Christopher Kohler

  
	
   

  	
  Name:

  	
  W.
  Christopher Kohler

  
	
   

  	
  Title:

  	
  Vice
  President

  

 

 

[SIGNATURE PAGE - EIGHTH AMENDMENT TO CREDIT AGREEMENT]

 

 

	
   

  	
  [FIFTH THIRD BANK]

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Mary-Alicha Wheldon

  
	
   

  	
  Name:

  	
  Mary-Alicha
  Wheldon

  
	
   

  	
  Title:

  	
  Vice
  President

  

 

 

[SIGNATURE PAGE - EIGHTH AMENDMENT TO CREDIT AGREEMENT]

 

 

	
   

  	
  RAYMOND
  JAMES BANK, FSB, individually

  
	
   

  	
  and
  as Co-Documentation Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Garrett McKinnon

  
	
   

  	
  Name:

  	
  Garrett
  McKinnon

  
	
   

  	
  Title:

  	
  Senior
  Vice President

  

 

 

[SIGNATURE PAGE - EIGHTH AMENDMENT TO CREDIT AGREEMENT]

 

 

	
   

  	
  ROYAL  BANK OF CANADA

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Jay T. Sartain

  
	
   

  	
  Name:

  	
  Jay
  T. Sartain

  
	
   

  	
  Title:

  	
  Authorized
  Signatory

  

 

 

[SIGNATURE PAGE - EIGHTH AMENDMENT TO CREDIT AGREEMENT]

 

 

	
   

  	
  UNION
  BANK, N.A., individually and as Co-Documentation Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Bryan P. Read

  
	
   

  	
  Name:

  	
  Bryan
  P. Read

  
	
   

  	
  Title:

  	
  Vice
  President

  

 

 

[SIGNATURE PAGE - EIGHTH AMENDMENT TO CREDIT AGREEMENT]

 

 

	
   

  	
  WELLS FARGO BANK, NATIONAL ASSOCIATION, as successor-in-interest by merger to Wachovia Bank, National
  Association, individually and as Co-Documentation Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:
  

  	
  /s/
  Jonathan R. Richardson

  
	
   

  	
  Name:

  	
  Jonathan
  R. Richardson

  
	
   

  	
  Title:

  	
  Vice
  President

  

 

 

 

SCHEDULE 1.1(A)

 

Pricing Grid-Variable Pricing and Fees Based on Leverage Ratio

 

	
  Level

  	
   

  	
  Applicable Leverage

  Ratio

  	
   

  	
  Euro-Rate

  Margin

  	
   

  	
  Base Rate

  Margin

  	
   

  	
  Commitment

  Fee

  	
   

  	
  Applicable

  Letter of

  Credit Fee

  	
   

  
	
  I

  	
   

  	
  Less than or equal to 2.00 to 1.00

  	
   

  	
  3.00

  	
  %

  	
  1.50

  	
  %

  	
  .50

  	
  %

  	
  3.00

  	
  %

  
	
  II

  	
   

  	
  Greater than 2.00 to 1.00 but less than or equal to 2.50 to 1.00

  	
   

  	
  3.25

  	
  %

  	
  1.75

  	
  %

  	
  .50

  	
  %

  	
  3.25

  	
  %

  
	
  III

  	
   

  	
  Greater than 2.50 to 1.00

  	
   

  	
  3.50

  	
  %

  	
  2.00

  	
  %

  	
  .50

  	
  %

  	
  3.50

  	
  %

  

 

For
purposes of determining the Applicable Margin and the Applicable Letter of
Credit Fee Rate:

 

(a)           As of the Closing Date, the
Applicable Margin and Applicable Letter of Credit Fee Rate shall be such rates
determined in accordance with paragraph (b) below, provided
that, for the period beginning with the Closing Date and ending upon the
Financials Delivery Date for the March 31, 2007 Compliance Certificate,
such rates shall be no less than the respective amounts set forth under Level
III of this Schedule 1.1(A) set forth above.

 

(b)           It is expressly agreed that after the
Closing Date, the Applicable Margin and the Applicable Letter of Credit Fee
Rate shall be determined based upon Schedule 1.1(A) above; provided,
however, that the Applicable Margin and the Applicable Letter of Credit
Fee Rate shall be set as of the Financials Delivery Date regardless of the
actual date that a Compliance Certificate is provided to the Lenders.

 

 

SCHEDULE 1.1(B)

 

Commitments of Lenders and Addresses for Notices

 

	
  Lender

  	
   

  	
  Amount of

  Commitment for

  Revolving Credit

  Loans

  	
   

  	
  Ratable Share

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Bank
  of America, N.A.

  	
   

  	
  $

  	
  20,000,000

  	
   

  	
  10.000000000

  	
  %

  
	
  Address:

  	
  100
  Federal Street

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Mail
  Code MA5-100-09-08

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Boston,
  Massachusetts 02110

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Attention:

  	
  Robert
  Valbona

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Telephone:

  	
  (617)
  434-3384

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Telecopy:
  

  	
  (617)
  434-3652

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Email:

  	
  robert.d.valbona@bankofamerica.com

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  The
  Huntington National Bank

  	
   

  	
  $

  	
  20,000,000

  	
   

  	
  10.000000000

  	
  %

  
	
  Address:

  	
  900
  Lee Street - 2nd Floor

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Charleston,
  West Virginia 25301

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Attention:

  	
  L.
  Blair DeVan, Vice President

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Telephone:

  	
  (304)
  348-7138

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Telecopy:

  	
  (304)
  348-5055

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Email:

  	
  blair.devan@huntington.com

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Fifth
  Third Bank

  	
   

  	
  $

  	
  20,000,000

  	
   

  	
  10.00000000000

  	
  %

  
	
  Address:

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Attention:

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Telephone:

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Telecopy:

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Email:

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  PNC
  Bank, National Association

  	
   

  	
  $

  	
  43,000,000

  	
   

  	
  21.50000000000

  	
  %

  
	
  Address:

  	
  One
  PNC Plaza

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  249
  Fifth Avenue

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Pittsburgh,
  Pennsylvania 15222

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Attention:

  	
  Richard
  C. Munsick

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Senior
  Vice President

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Telephone:

  	
  (412)
  762-4299

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Telecopy:

  	
  (412)
  762-6484

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Email:

  	
  richard.munsick@pnc.com

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

 

	
  Name:

  	
  Raymond
  James Bank, FSB

  	
   

  	
  $

  	
  27,000,000

  	
   

  	
  13.500000000

  	
  %

  
	
  Address:

  	
  710
  Carillon Parkway

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  St.
  Petersburg, Florida 33716

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Attention:

  	
  Andrew
  D. Hahn, Vice President

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Telephone:

  	
  (727)
  567-7762

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Telecopy:

  	
  (727)
  567-8830

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Email:

  	
  andrew.hahn@raymondjames.com

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Royal
  Bank of Canada

  	
   

  	
  $

  	
  16,000,000

  	
   

  	
  8.000000000

  	
  %

  
	
  Address:

  	
  3900
  Williams Tower

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  2800
  Post Oak Boulevard

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Houston,
  Texas 77056

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Attention:

  	
  Don
  McKinnerney

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Telephone:

  	
  (713)
  403-5607

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Telecopy:

  	
  (713)
  403-5624

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Email:

  	
  don.mckinnerney@rbccm.com

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Union
  Bank of California, N.A.

  	
   

  	
  $

  	
  27,000,000

  	
   

  	
  13.500000000

  	
  %

  
	
  Address:

  	
  Energy
  Capital Services

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  445
  S. Figueroa Street, 15th Floor

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Los
  Angeles, California 90071

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Attention:

  	
  Bryan
  Read, Vice President

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Telephone:

  	
  (213)
  236-4128

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Telecopy:

  	
  (213)
  236-4096

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Email:

  	
  bryan.read@uboc.com

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Wells
  Fargo Bank, National Association

  	
   

  	
  $

  	
  27,000,000

  	
   

  	
  13.500000000

  	
  %

  
	
  Address:

  	
  201
  S. Jefferson Street, 2nd Floor

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Roanoke,
  Virginia 24011

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Attention:

  	
  Jonathan
  R. Richardson,

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Vice
  President

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Telephone:

  	
  (540)
  563-7691

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Telecopy:

  	
  (540)
  563-6320

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Email:

  	
  jonathan.richardson@wachovia.com

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TOTAL

  	
   

  	
  $

  	
  200,000,000

  	
   

  	
  100

  	
  %

  

 

 

SCHEDULE 6.1.1

 

Qualifications to Do Business

 

 

SCHEDULE 6.1.2

 

Capitalization

 

 

SCHEDULE 6.1.18

 

Insurance Policies

 

 

Exhibit “A”

 

Form of Amended and Restated Pledge Agreement

 

 

Exhibit “B”

 

Form of Joinder to Guaranty Agreement and Credit Agreement

 

 

Exhibit “C”

 

Form of OpinionEXHIBIT 10.10

 

 

 

 

RHINO RESOURCE PARTNERS LP

 

CONTRIBUTION, CONVEYANCE AND ASSUMPTION AGREEMENT

 

 

 

 

 

CONTRIBUTION, CONVEYANCE
AND ASSUMPTION AGREEMENT

 

This
Contribution, Conveyance and Assumption Agreement, dated as of [·], 2010 (this “Agreement”),
is entered into by and among Rhino Resource Partners LP, a Delaware limited
partnership (the “Partnership”); Rhino GP LLC (formerly CAM GP LLC), a
Delaware limited liability company (“GP”); Rhino Energy LLC, a Delaware
limited liability company (“Operating Company”); Rhino Energy Holdings
LLC, a Delaware limited liability company (“Holdings”); Artis Investors
LLC, a Delaware limited liability company (“Artis”), Solitair LLC, a
Delaware limited liability company (“Solitair”), Valentis Investors LLC,
a Delaware limited liability company (“Valentis”), Taurus Investors LLC,
a Delaware limited liability company (“Taurus”), Callidus Investors LLC,
a Delaware limited liability company (“Callidus”), Wexford Spectrum
Fund, L.P., a Delaware limited partnership (“Spectrum”), Wexford
Spectrum Fund Liquidating LLC, a Delaware limited liability company (“Liquidating”),
Wexford Offshore CAM Preferred Corp., a Delaware corporation (“Preferred
Corp”), Wexford Offshore CAM Common Corp., a Delaware corporation (“Common
Corp”), Wexford Partners Investment Co. LLC, a [Delaware] limited liability company (“Investment” and
together with Artis, Solitair, Valentis, Taurus, Callidus, Spectrum,
Liquidating, Preferred Corp and Common Corp, the “Wexford Funds”); Peter
Savitz (Peter Savitz and Wexford Funds collectively, “Rhino Owners”); CD
Holding Company LLC, a [Delaware] limited liability company, Jacobs Holdings
LLC, a [Delaware] limited liability company, Robert Holtz, Mark D. Zand, Jay L.
Maymudes, Jack Doyle, Arthur H. Amron, Kenneth Rubin, Frederick Simon, John
Sites and Kitty Capital LLC, a limited liability company (collectively, the “GP
Owners”); and Wexford Capital LP, a Connecticut limited partnership (“Wexford”).  The above-named entities and individual are
sometimes referred to as “Party” and collectively as the “Parties.”

 

RECITALS

 

WHEREAS, Holdings and GP have formed the Partnership
pursuant to the Delaware Revised Uniform Limited Partnership Act for the
purposes set forth in the Agreement of Limited Partnership of the Partnership
dated April 19, 2010 (the “Original LPA”).

 

WHEREAS, each of the following actions has been taken prior
to the date hereof:

 

1.     The Rhino Owners [and,
directly or indirectly, the GP Owners] have formed
Holdings under the terms of the Delaware Uniform Limited Liability Company Act
(the “Delaware LLC Act”) to which they have [contributed][committed to contribute]
$[83,414,572]
in the aggregate in exchange for all of the limited liability company interests
in Holdings, pro rata.

 

2.     The GP Owners have formed and reinstated GP under
the terms of the Delaware LLC Act to which they committed to contribute $1,000
in the aggregate in exchange for all of the limited liability company interests
in GP, pro rata.

 

3.     GP and the Organizational Limited Partner have formed
the Partnership to which GP committed to contribute $20 and Organizational
Limited Partner committed to contributed 
$980 in exchange for a 2% general partner interest and a 98% limited
partner interest (the “Initial LP Interest”), respectively, in the
Partnership.

 

 

WHEREAS, pursuant hereto, each of the following actions
will occur at the times specified hereinafter:

 

1.     Each of the Rhino Owners will contribute its
respective limited liability company interest in the Operating Company to
Holdings in exchange for limited liability company interests in Holdings
corresponding to such Rhino Owner’s limited liability company interests in the
Operating Company so contributed.

 

2.     Each of the GP Owners will contribute its respective
limited liability company interest in the Operating Company and/or cash (the “GP
Contribution”) to GP.

 

3.     GP will contribute the GP Contribution to the
Partnership in exchange for the continuation of its prior 2% general partner
interest in the Partnership.

 

4.     Holdings will convey its limited liability company
interest in the Operating Company to the Partnership in exchange for (a) Sponsor
Subordinated Units, (b) Sponsor Common Units and (c) the right to
receive the Deferred Issuance and Distribution.

 

5.     The Initial LP Interest held by the Organizational
Limited Partner will be redeemed and the initial capital contributions of GP
and the Organizational Limited Partner shall thereupon be refunded, as the case
may be.

 

6.     In connection with the Offering, the public, through
the Underwriters, will contribute cash to the Partnership pursuant to the
Underwriting Agreement, net of the Underwriters’ Discount, in exchange for
Common Units.

 

7.     The Partnership will (a) pay expenses incurred
in connection with the Offering, estimated at $2.0 million (excluding the
Underwriters’ Discount), and (b) contribute the remainder of the proceeds
(the “Net Proceeds”) to the Operating Company as a capital contribution.

 

8.     The Operating Company will use the Net Proceeds to
repay indebtedness outstanding under the Credit Facility.

 

WHEREAS, each of the Parties and the stockholders,
members or partners of the Parties, as the case may be, have taken all
corporate, partnership, limited liability company or other action, as the case
may be, required to be taken to approve the transactions contemplated by this
Agreement; and

 

WHEREAS, the Partnership may adjust upward or
downward the number of Firm Units to be offered to the public through the
Underwriters.

 

NOW THEREFORE, in consideration of the foregoing and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, and
intending to be legally bound hereby, the Parties hereto hereby agree as
follows:

 

2

 

ARTICLE I

 

DEFINITIONS

 

The
following defined terms will have the meaning given below:

 

“Common Unit”
means a common unit representing a limited partner interest in the Partnership
having the rights set forth in the LP Agreement.

 

“Credit
Facility” means the Credit Agreement by and among CAM Holdings LLC (n/k/a
Rhino Energy LLC) and the Guarantors party thereto and the Lenders party
thereto and PNC Bank, National Association, as administrative agent, and PNC
Capital Markets and National City Bank, as joint lead arrangers, and Wachovia
Bank, National Association, Royal Bank of Canada, and Raymond James Bank, FSB,
as co-documentation agents, dated as of August 30, 2006, as amended.

 

“Deferred
Issuance and Distribution” has the meaning set forth in the LP Agreement.

 

“Effective
Time” means the [Closing Time] as set forth in the Underwriting Agreement.

 

“Firm
Units” means the Common Units to be sold to the Underwriters pursuant to
the terms of the Underwriting Agreement, but does not include any Option Units.

 

“IDRs”
means the incentive distribution rights of the Partnership having the rights
set forth in the LP Agreement.

 

“LP
Agreement” means the First Amended and Restated Operating Agreement of the
Partnership, substantially in the form attached as Appendix A to the Registration
Statement.

 

“Option
Units” means the Common Units that the Partnership will agree to issue upon
exercise of the Over-Allotment Option.

 

“Organizational
Limited Partner” has the meaning set forth in the LP Agreement.

 

“Over-Allotment
Option” means a number of Common Units equal to 15% of the Firm Units,
which the Partnership will agree to sell to the Underwriters, at their option,
to cover over-allotments in connection with the Offering.

 

“Registration
Statement” means the Registration Statement on Form S-1 initially
filed on May 5, 2010 with the Securities and Exchange Commission
(Registration No. 333-166550), as amended.

 

“Sponsor
Common Units” means 8,647,000 Common Units, provided that if the
Partnership increases the number of Firm Units, the Sponsor Common Units will
be decreased by a number of Common Units equal to 115% (to accommodate the
corresponding increase in the number of Option Units and Deferred Issuance and
Distribution) of such increase and if the Partnership decreases the number of
Common Units offered to the public through the 

 

3

 

Underwriters,
the Sponsor Common Units will be increased by a number of Common Units equal to
115% of such decrease.

 

“Sponsor
Subordinated Units” means 12,397,000 Subordinated Units.

 

“Subordinated
Unit” means a subordinated unit representing a limited partner interest in
the Partnership having the rights set forth in the LP Agreement.

 

“Underwriters”
means the underwriting syndicate listed in the Underwriting Agreement.

 

“Underwriters’
Discount” means the Underwriters’ discount as set forth in the Underwriting
Agreement.

 

“Underwriting
Agreement” means a firm commitment underwriting agreement to be entered
into among the Partnership, the GP, the Operating Company and the Underwriters
named in the Registration Statement, in substantially the form
attached as Exhibit 1.1 to the Registration Statement.

 

ARTICLE II

 

CONTRIBUTIONS

 

After
the execution of the Underwriting Agreement and immediately prior to the
Effective Time, the following contributions shall be completed in the order set
forth below.

 

Section 2.1            Contribution of Interests in the
Operating Company by Rhino Owners.  Except with respect to the limited liability
company interests in the Operating Company held by the GP Owners that are
referenced in Section 1.2, each of the Rhino Owners hereby grants,
contributes, bargains, conveys, assigns, transfers, sets over and delivers to
Holdings, its successors and assigns, for its and their own use forever, all of
its limited liability company interests in the Operating Company in exchange
for a pro rata limited liability company interest in Holdings, and Holdings
hereby accepts such limited liability company interests in the Operating
Company (together, the “Holdings Contribution”) as a contribution to the
capital of Holdings.

 

Section 2.2            Contribution of Interests in the
Operating Company by GP Owners.  Each of the GP Owners hereby grants,
contributes, bargains, conveys, assigns, transfers, sets over and delivers to
GP, its successors and assigns, for its and their own use forever, all of its
limited liability company interests in the Operating Company and in the case of
Kitty Capital LLC, Jack Doyle and John Sites, cash payments in the amount of
[       ],
[        ] and
[        ], respectively, in exchange
for a limited liability company interest in GP, and GP hereby accepts such
limited liability company interests in the Operating Company and cash payments (together,
the “GP Contribution”) as a contribution to the capital of GP.

 

ARTICLE III

 

ADDITIONAL CONTRIBUTIONS AND TRANSACTIONS

 

Concurrently
with the Effective Time, the following additional contributions and
transactions shall be completed in the order set forth below.

 

4

 

Section 3.1            Execution
of LP Agreement.  The Organizational Limited Partner and GP
shall amend and restate the Original LPA by executing the LP Agreement in
substantially the form included as Appendix A to the Registration Statement,
with such changes as are necessary to reflect any adjustment to the number of
Firm Units and Option Units as the Partnership may agree with the Underwriters
and such other changes as the Partnership, the GP and the Organizational
Limited Partner may agree.

 

Section 3.2            Contribution of Interests in the
Operating Company by GP.   GP
hereby grants, contributes, bargains, conveys, assigns, transfers, sets over
and delivers the GP Contribution to the Partnership, its successors and
assigns, for its and their own use forever, and the Partnership hereby accepts
the GP Contribution in exchange for (a) the continuation of GP’s 2%
general partner interest in the Partnership and (b) the issuance of IDRs.

 

Section 3.3            Contribution of Interests in the
Operating Company by Holdings.   Holdings hereby grants, contributes,
bargains, conveys, assigns, transfers, sets over and delivers the Holdings
Contribution to the Partnership, its successors and assigns, for its and their
own use forever, and the Partnership hereby accepts the Holdings Contribution
in exchange for (a) Sponsor Common Units, (b) Sponsor Subordinated
Units and (c) the right to receive the Deferred Issuance and Distribution.

 

Section 3.4            Redemption of Initial LP Interest.  The Initial LP Interest held by the
Organizational Limited Partner shall be redeemed and the initial capital
contributions of GP and the Organizational Limited Partner shall thereupon be
refunded, as the case may be.

 

Section 3.5            Execution of Registration Rights
Agreement.  Holdings
and the Partnership shall execute the registration rights agreement, in
substantially the form attached as Exhibit 4.1 to the Registration
Statement, pursuant to which the Partnership shall agree to register with the
Securities and Exchange Commission certain limited partner interests in the
Partnership in accordance with the terms provided therein.

 

Section 3.6            Underwriter Cash Contribution.  The Parties acknowledge that the Partnership
is undertaking the Offering, and the Underwriters will, pursuant to the
Underwriting Agreement, agree to make a capital contribution to the Partnership
of an amount determined pursuant to the terms of the Underwriting Agreement in
exchange for the issuance by the Partnership to the Underwriters of the Firm
Units.

 

Section 3.7            Payment of Expenses and Cash
Contribution by the Partnership.  The Parties acknowledge an intention for (a) the
payment by the Partnership of expenses incurred in connection with the Offering
of approximately $2.0 million (excluding the Underwriters’ Discount) and (b) the
contribution by the Partnership of the Net Proceeds to the Operating Company as
a capital contribution, all of which will be used to repay indebtedness
outstanding under the Credit Facility.

 

ARTICLE IV

 

DEFERRED ISSUANCE AND DISTRIBUTION

 

Upon the earlier to
occur of the expiration of the Over-Allotment Option period or the exercise in
full of the Over-Allotment Option, the Partnership shall issue to Holdings a
number 

 

5

 

of additional Common
Units that is equal to the excess, if any, of (a) the total number of
Option Units over (b) the aggregate number of Common Units, if any,
actually purchased by and issued to the Underwriters pursuant to the
exercise(s) of the Over-Allotment Option.  Upon each exercise of the
Over-Allotment Option, the Partnership shall distribute to Holdings an amount
of cash equal to the proceeds therefrom net of the Underwriters’ Discount of
each such exercise.

 

ARTICLE V

 

MISCELLANEOUS

 

Section 5.1            Effective Time.  Notwithstanding anything contained in this
Agreement to the contrary, the provisions of Articles II, III and IV and Section 5.2
shall not be binding or have any effect until the Partnership executes the
Underwriting Agreement, at which time all such provisions shall be effective
and operative without further action by any Party.

 

Section 5.2            Further Assurances.  From time to time, and without any further
consideration, the Parties agree to execute, acknowledge and deliver all such
additional deeds, assignments, bills of sale, conveyances, instruments,
notices, releases, acquittances and other documents, and to do all such other
acts and things, all in accordance with applicable law, as may be necessary or
appropriate (a) more fully to assure that the applicable Parties own all
of the properties, rights, titles, interests, estates, remedies, powers and
privileges granted by this Agreement, or which are intended to be so granted,
(b) more fully and effectively to vest in the applicable Parties and their
respective successors and assigns beneficial and record title to the interests
contributed and assigned by this Agreement or intended to be so and (c) more
fully and effectively carry out the purposes and intent of this Agreement.

 

Section 5.3            Successors and Assigns.  The Agreement shall be binding upon and inure
to the benefit of the Parties and their respective successors and assigns.

 

Section 5.4            No Third Party Rights.  The provisions of this Agreement are intended
to bind the Parties as to each other and are not intended to and do not create
rights in any other person or confer upon any other person any benefits, rights
or remedies and no person is or is intended to be a third party beneficiary of
any of the provisions of this Agreement.

 

Section 5.5            Severability.  If any of the provisions of this Agreement
are held by any court of competent jurisdiction to contravene, or to be invalid
under, the laws of any political body having jurisdiction over the subject
matter hereof, such contravention or invalidity shall not invalidate the entire
Agreement.  Instead, this Agreement shall
be construed as if it did not contain the particular provision or provisions
held to be invalid, and an equitable adjustment shall be made and necessary
provision added so as to give effect to the intention of the Parties as
expressed in this Agreement at the time of execution of this Agreement.

 

Section 5.6            Entire Agreement.  This Agreement and the instruments referenced
herein supersede all previous understandings or agreements among the Parties,
whether oral or written, with respect to the subject matter of this Agreement
and such instruments. This Agreement and such instruments contain the entire
understanding of the Parties with respect to the subject matter hereof and
thereof. No understanding, representation, promise or agreement, whether oral
or 

 

6

 

written, is intended to be or shall be included in
or form part of this Agreement unless it is contained in a written amendment
hereto executed by the Parties after the date of this Agreement.

 

Section 5.7            Amendment or Modification.  This Agreement may be amended or modified at
any time or from time to time only by a written instrument, specifically
stating that such written instrument is intended to amend or modify this
Agreement, signed by each of the Parties.

 

Section 5.8            Applicable Law; Forum, Venue and
Jurisdiction.

 

(a)           This Agreement shall be
governed by and construed in accordance with the laws of the State of Delaware,
without giving effect to the conflict of law principles thereof.

 

(b)           Each of the Parties:

 

(i)            irrevocably agrees that any claims, suits, actions or proceedings arising
out of or relating in any way to this Agreement shall be exclusively brought in
the Court of Chancery of the State of Delaware;

 

(ii)           irrevocably submits to the exclusive jurisdiction of the Court of
Chancery of the State of Delaware in connection with any such claim, suit,
action or proceeding;

 

(iii)          agrees not to, and waives any right to, assert in any such claim, suit,
action or proceeding that (A) it is not personally subject to the
jurisdiction of the Court of Chancery of the State of Delaware or of any other
court to which proceedings in the Court of Chancery of the State of Delaware
may be appealed, (B) such claim, suit, action or proceeding is brought in
an inconvenient forum or (C) the venue of such claim, suit, action or
proceeding is improper;

 

(iv)          expressly waives any requirement for the posting of a bond by a party
bringing such claim, suit, action or proceeding; and

 

(v)           consents to process being served in any such claim, suit, action or
proceeding by mailing, certified mail, return receipt requested, a copy thereof
to such party at the address in effect for notices hereunder, and agrees that
such services shall constitute good and sufficient service of process and
notice thereof; provided, nothing in clause (v) hereof shall affect or
limit any right to serve process in any other manner permitted by law.

 

Section 5.9            Headings.  All Article and Section headings in
this Agreement are for convenience only and shall not be deemed to control or
affect the meaning or construction of any of the provisions hereof. All
references herein to Articles and Sections shall, unless the context requires a
different construction, be deemed to be references to the Articles and Sections
of this Agreement. The words “hereof,” “herein” and “hereunder” and words of
similar import, when used in this Agreement, shall refer to this Agreement as a
whole, and not to any particular provision of this Agreement. All personal
pronouns used in this Agreement, whether used in the masculine, feminine or
neuter gender, shall include all other genders, and the singular shall

 

7

 

include the plural and vice versa. The use herein of
the word “including” following any general statement, term or matter shall not
be construed to limit such statement, term or matter to the specific items or
matters set forth immediately following such word or to similar items or
matters, whether or not non-limiting language (such as “without limitation”, “but
not limited to”, or words of similar import) is used with reference thereto,
but rather shall be deemed to refer to all other items or matters that could
reasonably fall within the broadest possible scope of such general statement,
term or matter.

 

Section 5.10           Counterparts.  This Agreement may be executed in any number
of counterparts with the same effect as if all Parties had signed the same
document.  All counterparts shall be
construed together and shall constitute one and the same instrument.  The
delivery of an executed counterpart copy of this Agreement by facsimile or
electronic transmission in PDF format shall be deemed to be the equivalent of
delivery of the originally executed copy thereof.

 

Section 5.11           Deed;
Bill of Sale; Assignment.  To
the extent required and permitted by applicable law, this Agreement shall also
constitute a “deed,” “bill of sale” or “assignment” of the assets and interests
referenced herein.

 

8

 

IN WITNESS WHEREOF, this Agreement has been duly
executed by the Parties as of the date first written above.

 

	
   

  	
  RHINO RESOURCE PARTNERS LP

  
	
   

  	
   

  
	
   

  	
  By:
  Rhino GP LLC, its general partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  David
  G. Zatezalo

  
	
   

  	
   

  	
  President
  and Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  RHINO GP LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  David
  G. Zatezalo

  
	
   

  	
   

  	
  President
  and Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  RHINO ENERGY LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Wexford
  Capital LP, its Manager

  
	
   

  	
   

  	
  By:

  	
  Wexford
  GP LLC, its General Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Arthur
  H. Amron

  
	
   

  	
   

  	
  Partner
  and Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  RHINO ENERGY HOLDINGS LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Wexford
  Capital LP, its Manager

  
	
   

  	
   

  	
  By:

  	
  Wexford
  GP LLC, its General Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
  Arthur
  H. Amron

  
	
   

  	
   

  	
   

  	
  Partner
  and Secretary

  

 

SIGNATURE
PAGE

CONTRIBUTION, CONVEYANCE AND ASSUMPTION AGREEMENT

 

 

	
   

  	
  ARTIS INVESTORS LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Arthur
  H. Amron

  
	
   

  	
   

  	
  Vice
  President and Assistant Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SOLITAIR LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Arthur
  H. Amron

  
	
   

  	
   

  	
  Vice
  President and Assistant Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  VALENTIS INVESTORS LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Arthur
  H. Amron

  
	
   

  	
   

  	
  Vice
  President and Assistant Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  TAURUS INVESTORS LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Arthur
  H. Amron

  
	
   

  	
   

  	
  Vice
  President and Assistant Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  CALLIDUS INVESTORS LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Arthur
  H. Amron

  
	
   

  	
   

  	
  Vice
  President and Assistant Secretary

  

 

SIGNATURE
PAGE

CONTRIBUTION, CONVEYANCE AND ASSUMPTION AGREEMENT

 

 

	
   

  	
  WEXFORD SPECTRUM FUND, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Wexford
  Spectrum Advisors LLC,

  its General Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
  Arthur
  H. Amron

  
	
   

  	
   

  	
   

  	
  Vice
  President and Assistant Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WEXFORD SPECTRUM FUND LIQUIDATING LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Arthur
  H. Amron

  
	
   

  	
   

  	
  Vice
  President and Assistant Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WEXFORD OFFSHORE CAM PREFERRED CORP.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Arthur
  H. Amron

  
	
   

  	
   

  	
  Vice
  President and Assistant Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WEXFORD OFFSHORE CAM COMMON CORP.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Arthur
  H. Amron

  
	
   

  	
   

  	
  Vice
  President and Assistant Secretary

  

 

SIGNATURE
PAGE

CONTRIBUTION, CONVEYANCE AND ASSUMPTION AGREEMENT

 

 

	
   

  	
  WEXFORD PARTNERS INVESTMENT CO.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  [Arthur H.
  Amron]

  
	
   

  	
   

  	
  [Vice
  President and Assistant Secretary]

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  PETER SAVITZ

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  CD
  HOLDING COMPANY LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  
	
   

  	
  [Name]

  
	
   

  	
  [Title]

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  JACOBS
  HOLDINGS LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  
	
   

  	
  [Name]

  
	
   

  	
  [Title]

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ROBERT
  HOLTZ

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MARK
  D. ZAND

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  

 

SIGNATURE
PAGE

CONTRIBUTION, CONVEYANCE AND ASSUMPTION AGREEMENT

 

 

	
   

  	
  JAY
  L. MAYMUDES

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  JACK
  DOYLE

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ARTHUR
  H. AMRON

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  KENNETH
  RUBIN

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  FREDERICK
  SIMON

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  JOHN
  SITES

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  

 

SIGNATURE
PAGE

CONTRIBUTION, CONVEYANCE AND ASSUMPTION AGREEMENT

 

 

	
   

  	
  KITTY
  CAPITAL LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  [Name]

  
	
   

  	
  [Title]

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WEXFORD CAPITAL LP

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Wexford GP LLC, its General Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
  Arthur
  H. Amron

  
	
   

  	
   

  	
   

  	
  Partner
  and Secretary

  

 

SIGNATURE
PAGE

CONTRIBUTION,
CONVEYANCE AND ASSUMPTION AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00176-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00176-of-00352.parquet"}]]