Document:

exv4w21

 

Exhibit 4.21

FIFTEENTH SUPPLEMENTAL INDENTURE

(6 7/8% Notes due 2013)

     FIFTEENTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of November
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:

	 	•	 	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;
	 
	 	•	 	Thirteenth Supplemental Indenture, dated as of January 31, 2007; and
	 
	 	•	 	Fourteenth Supplemental Indenture, dated as of June 14, 2007;

     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

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	 	 	 	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.
	 
	 	(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

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	 	 	 	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.

     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.

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     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.

     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

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	 	Existing Subsidiary Guarantors:
	 
	 	 
	 

	 	American Land Development, LLC
	 

	 	American Land Holdings of Illinois, LLC
	 

	 	American Land Holdings of Indiana, LLC
	 

	 	American Land Holdings of Kentucky, LLC
	 

	 	American Land Holdings of West Viginia, LLC
	 

	 	          f/k/a Appalachian Basin Oil & Gas, LLC
	 

	 	Arclar Company, LLC
	 

	 	Arid Operations Inc.
	 

	 	Big Ridge, Inc.
	 

	 	Big Sky Coal Company
	 

	 	Black Beauty Coal Company, LLC
	 

	 	Black Hills Mining Company, LLC
	 

	 	BTU Empire Corporation
	 

	 	BTU Western Resources, Inc.
	 

	 	Caballo Coal Company
	 

	 	Caseyville Dock Company, LLC
	 

	 	Central States Coal Reserves of Illinois, LLC
	 

	 	Central States Coal Reserves of Indiana, LLC
	 

	 	COALSALES, LLC
	 

	 	COALSALES II, LLC
	 

	 	COALTRADE International, LLC
	 

	 	COALTRADE, LLC
	 

	 	Coal Reserves Holding Limited Liability Company No. 1
	 

	 	Colorado Coal Resources, LLC
	 

	 	Colorado Yampa Coal Company
	 

	 	Cottonwood Land Company
	 

	 	Coulterville Coal Company, LLC
	 

	 	Cyprus Creek Land Company
	 

	 	Cyprus Creek Land Resources, LLC
	 

	 	Dyson Creek Coal Company, LLC
	 

	 	Dyson Creek Mining Company, LLC
	 

	 	El Segundo Coal Company, LLC
	 

	 	El Segundo Employment Company, LLC
	 

	 	          f/k/a El Segundo Coal Resources, LLC
	 

	 	Falcon Coal Company, LLC
	 

	 	Gallo Finance Company
	 

	 	Gold Fields Chile, LLC
	 

	 	Gold Fields Mining, LLC
	 

	 	Gold Fields Ortiz, LLC
	 

	 	Hayden Gulch Terminal, Inc.
	 

	 	Highwall Mining Services Company
	 

	 	HMC Mining, LLC
	 

	 	Illinois Basin Oil & Gas, LLC
	 

	 	Independence Material Handling, LLC
	 

	 	James River Coal Terminal, LLC
	 

	 	Juniper Coal Company
	 

	 	Kayenta Mobile Home Park, Inc.
	 

	 	Lively Grove Energy Partners, LLC
	 

	 	Marigold Electricity, LLC
	 

	 	Marigold Energy, LLC
	 

	 	Midco Supply and Equipment Corporation

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	 	Midwest Coal Acquisition Corp.
	 

	 	Midwest Coal Reserves of Illinois, LLC
	 

	 	Midwest Coal Reserves of Indiana, LLC
	 

	 	Midwest Coal Resources, LLC
	 

	 	Mustang Energy Company, L.L.C.
	 

	 	New Mexico Coal Resources, LLC
	 

	 	Peabody America, Inc.
	 

	 	Peabody Archveyor, L.L.C.
	 

	 	Peabody Cardinal Gasification, LLC
	 

	 	Peabody Development Company, LLC
	 

	 	Peabody Electricity, LLC
	 

	 	Peabody Energy Generation Holding Company
	 

	 	Peabody Energy Investments, Inc.
	 

	 	Peabody Energy Solutions, Inc.
	 

	 	Peabody Holding Company, LLC,
	 

	 	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 Southwest, LLC
	 

	 	          f/k/a Rockies Natural Gas, LLC
	 

	 	Peabody Southwestern Coal Company
	 

	 	Peabody Terminals, LLC
	 

	 	Peabody Venezuela Coal Corp.
	 

	 	Peabody Venture Fund, LLC
	 

	 	Peabody-Waterside Development, L.L.C.
	 

	 	Peabody Western Coal Company
	 

	 	PEC Equipment Company, LLC
	 

	 	Point Pleasant Dock Company, LLC
	 

	 	Pond River Land Company
	 

	 	Porcupine Production, LLC
	 

	 	Porcupine Transportation, LLC
	 

	 	Powder River Coal, LLC
	 

	 	Powder River Resources, LLC
	 

	 	Randolph Land Resources, LLC
	 

	 	Randolph Land Holding Company, LLC
	 

	 	Riverview Terminal Company
	 

	 	School Creek Coal Company, LLC
	 

	 	School Creek Coal Resources, LLC
	 

	 	Seneca Coal Company
	 

	 	Shoshone Coal Corporation
	 

	 	Star Lake Energy Company, L.L.C.
	 

	 	Sugar Camp Properties, LLC
	 

	 	Thoroughbred Generating Company, LLC
	 

	 	Thoroughbred Mining Company, L.L.C.
	 

	 	Twentymile Coal Company
	 

	 	West Roundup Resources, Inc.
	 

	 	Williams Fork Coal Company, LLC
	 

	 	Williams Fork Coal Resources, LLC
	 

	 	Wyoming Natural Gas, LLC

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	 	By:  	     /s/ Walter L. Hawkins Jr.
 	 
	 	 Name:  Walter L. Hawkins Jr. 	 
	 	Title:  Vice President 	 
	 

8

 

	 	 	 	 	 
	 	Additional Guarantors:

Century Mineral Resources, Inc.

Hillside Recreational Lands, LLC

Illinois Land Holdings, LLC

Kentucky Syngas, LLC

Peabody Terminal Holding Company, Inc.

 	 
	 	By:  	/s/ Walter L. Hawkins, Jr.
 	 
	 	Name:  Walter L. Hawkins, Jr. 	 
	 	Title:  Vice President & Treasurer 	 
	 

9

 

SCHEDULE I

New Guaranteeing Subsidiaries

Century Mineral Resources, Inc., an Illinois corporation

Hillside Recreational Lands, LLC, a Delaware limited liability company

Illinois Land Holdings, LLC, an Illinois limited liability company

Kentucky Syngas, LLC, a Delaware limited liability company

Peabody Terminal Holding Company, Inc., a Delaware corporation

10exv4w35

 

Exhibit 4.35

TWENTY-FIRST SUPPLEMENTAL INDENTURE

(5 7/8% Senior Notes due 2016)

          Twenty-first Supplemental Indenture (this “Supplemental Indenture”), dated as of November
14, 2007, among the entities listed on Schedule I attached hereto (“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 below) and U.S. Bank National Association, as Trustee under the Indenture
referred to below (the “Trustee”).

W I T N E S S E T H

          WHEREAS, the Company has heretofore executed and delivered to the Trustee the First
Supplemental Indenture dated as of March 23, 2004 to the Indenture dated as of March 19, 2004, (the
“Base Indenture,” and, together with the First Supplemental Indenture, the “Indenture”) providing
for the issuance of an unlimited amount of 5 7/8% Senior Notes due 2016 (the “Notes”); as
supplemented by:

	 	•	 	Second Supplemental Indenture, dated as of April 22, 2004;
	 
	 	•	 	Third Supplemental Indenture, dated as of October 18, 2004;
	 
	 	•	 	Fourth Supplemental Indenture, dated as of January 20, 2005;
	 
	 	•	 	Fifth Supplemental Indenture, dated as of September 30, 2005;
	 
	 	•	 	Sixth Supplemental Indenture, dated as of January 20, 2006;
	 
	 	•	 	Seventh Supplemental Indenture, dated as of June 13, 2006;
	 
	 	•	 	Eighth Supplemental Indenture, dated as of June 30, 2006;
	 
	 	•	 	Ninth Supplemental Indenture, dated as of September 29, 2006;
	 
	 	•	 	Twelfth Supplemental Indenture, dated as of November 10, 2006;
	 
	 	•	 	Fifteenth Supplemental Indenture dated as of January 31, 2007; and
	 
	 	•	 	Eighteenth Supplemental Indenture, dated as of June 14, 2007;

          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 and the Indenture on the terms and conditions set forth herein (the “Subsidiary Guarantee”); and

          WHEREAS, pursuant to Section 9.01 of the Base 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.

	 	(b)	 	The obligations hereunder shall be unconditional, irrespective of the validity,
regularity or enforceability of the Notes or 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 First Supplemental 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 First Supplemental 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.
	 
	 	(i)	 	Pursuant to Section 9.04 of the First Supplemental 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 9 of the First Supplemental 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 Subsidiary Guarantor is the surviving Person) another corporation,
Person or entity whether or not affiliated with such Subsidiary Guarantor unless:

	 	(i)	 	subject to Section 9.04 of the First Supplemental 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 First Supplemental 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.

          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 First Supplemental 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 9 of the First Supplemental 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 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.

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

	 	 	 	 	 	 	 	 	 	 	 
	PEABODY ENERGY CORPORATION
(“COMPANY”)	 	 	 	US BANK NATIONAL ASSOCIATION
(“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 and Treasurer
	 	 	 	Title:	 	Vice President	 	 

 

 

	 	 	 
	 

	 	Existing Subsidiary Guarantors:

	 	 	 
	 

	 	American Land Development, LLC
	 

	 	American Land Holdings of Illinois, LLC
	 

	 	American Land Holdings of Indiana, LLC
	 

	 	American Land Holdings of Kentucky, LLC
	 

	 	American Land Holdings of West Virginia, LLC
	 

	 	               f/k/a Appalachian Basin Oil & Gas, LLC
	 

	 	Arclar Company, LLC
	 

	 	Arid Operations Inc.
	 

	 	Big Ridge, Inc.
	 

	 	Big Sky Coal Company
	 

	 	Black Beauty Coal Company, LLC
	 

	 	Black Hills Mining Company, LLC
	 

	 	BTU Empire Corporation
	 

	 	BTU Western Resources, Inc.
	 

	 	Caballo Coal Company
	 

	 	Caseyville Dock Company, LLC
	 

	 	Central States Coal Reserves of Illinois, LLC
	 

	 	Central States Coal Reserves of Indiana, LLC
	 

	 	COALSALES, LLC
	 

	 	COALSALES II, LLC
	 

	 	COALTRADE International, LLC
	 

	 	COALTRADE, LLC
	 

	 	Coal Reserves Holding Limited Liability Company No. 1
	 

	 	Colorado Coal Resources, LLC
	 

	 	Colorado Yampa Coal Company
	 

	 	Cottonwood Land Company
	 

	 	Coulterville Coal Company, LLC
	 

	 	Cyprus Creek Land Company
	 

	 	Cyprus Creek Land Resources, LLC
	 

	 	Dyson Creek Coal Company, LLC
	 

	 	Dyson Creek Mining Company,
	 

	 	LLC El Segundo Coal Company, LLC
	 

	 	El Segundo Employment Company, LLC
	 

	 	               f/k/a El Segundo Coal Resources, LLC

Falcon Coal Company, LLC
	 

	 	Gallo Finance Company
	 

	 	Gold Fields Chile, LLC
	 

	 	Gold Fields Mining, LLC
	 

	 	Gold Fields Ortiz, LLC
	 

	 	Hayden Gulch Terminal, Inc.
	 

	 	Highwall Mining Services Company
	 

	 	HMC Mining, LLC
	 

	 	Illinois Basin Oil & Gas, LLC
	 

	 	Independence Material Handling, LLC
	 

	 	James River Coal Terminal, LLC
	 

	 	Juniper Coal Company
	 

	 	Kayenta Mobile Home Park, Inc.
	 

	 	Lively Grove Energy Partners, LLC
	 

	 	Marigold Electricity, LLC

 

 

	 	 	 
	 

	 	Marigold Energy, LLC
	 

	 	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
	 

	 	Mustang Energy Company, L.L.C.
	 

	 	New Mexico Coal Resources, LLC
	 

	 	Peabody America, Inc.
	 

	 	Peabody Archveyor, L.L.C.
	 

	 	Peabody Cardinal Gasification, LLC
	 

	 	Peabody Development Company, LLC
	 

	 	Peabody Electricity, LLC
	 

	 	Peabody Energy Generation Holding Company
	 

	 	Peabody Energy Investments, Inc.
	 

	 	Peabody Energy Solutions, Inc.
	 

	 	Peabody Holding Company, LLC,
	 

	 	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 Southwest, LLC
	 

	 	               f/k/a Rockies Natural Gas, LLC
	 

	 	Peabody Southwestern Coal Company
	 

	 	Peabody Terminals, LLC
	 

	 	Peabody Venezuela Coal Corp.
	 

	 	Peabody Venture Fund, LLC
	 

	 	Peabody-Waterside Development,
L.L.C.
	 

	 	Peabody Western Coal Company
	 

	 	PEC Equipment Company, LLC
	 

	 	Point Pleasant Dock Company, LLC
	 

	 	Pond River Land Company
	 

	 	Porcupine Production, LLC
	 

	 	Porcupine Transportation, LLC
	 

	 	Powder River Coal, LLC
	 

	 	Powder River Resources, LLC
	 

	 	Randolph Land Resources, LLC
	 

	 	Randolph Land Holding Company, LLC
	 

	 	Riverview Terminal Company
	 

	 	School Creek Coal Company, LLC
	 

	 	School Creek Coal Resources, LLC
	 

	 	Seneca Coal Company
	 

	 	Shoshone Coal Corporation
	 

	 	Star Lake Energy Company, L.L.C.
	 

	 	Sugar Camp Properties, LLC
	 

	 	Thoroughbred Generating Company, LLC
	 

	 	Thoroughbred Mining Company, L.L.C.
	 

	 	Twentymile Coal Company
	 

	 	West Roundup Resources, Inc.

 

 

	 	 	 
	 

	 	Williams Fork Coal Company, LLC
	 

	 	Williams Fork Coal Resources, LLC
	 

	 	Wyoming Natural Gas, LLC

	 	 	 	 	 	 	 
	 

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

	 	 
	 	 	 Name: Walter L. Hawkins, Jr.	 	 
	 	 	 Title: Vice President	 	 

 

 

	 	 	 
	 

	 	Additional Guarantors:
	 
	 	 
	 

	 	Century Mineral Resources, Inc.
	 

	 	Hillside Recreational Lands, LLC
	 

	 	Illinois Land Holdings, LLC
	 

	 	Kentucky Syngas, LLC
	 

	 	Peabody Terminal Holdings Company, Inc.

	 	 	 	 	 	 	 
	 

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

	 	 
	 	 	 Name: Walter L. Hawkins, Jr.	 	 
	 	 	 Title: Vice President & Treasurer	 	 

 

 

SCHEDULE I

New Guaranteeing Subsidiaries

Century Mineral Resources, Inc., an Illinois corporation

Hillside Recreational Lands, LLC, a Delaware limited liability company

Illinois Land Holdings, LLC, an Illinois limited liability company

Kentucky Syngas, LLC, a Delaware limited liability company

Peabody Terminal Holding Company, Inc., a Delaware corporation

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