Document:

Exhibit 10.19

SIXTH AMENDMENT TO 
SECOND AMENDED AND RESTATED PURCHASE AND SALE AGREEMENT
THIS SIXTH AMENDMENT TO SECOND AMENDED AND RESTATED PURCHASE AND SALE AGREEMENT (this “Amendment”), dated as of December 31, 2020, is entered into among each of the parties listed on the signature pages hereto as a Continuing Originator (each a “Continuing Originator”; and collectively, the “Continuing Originators”), ICG ILLINOIS, LLC (the “Released Originator”), ARCH RESOURCES, INC. (f/k/a ARCH COAL, INC.) (the “Company”) and ARCH COAL SALES COMPANY, INC. (the “Servicer”).
RECITALS
1.The Company, the Continuing Originators and the Released Originator are parties to the Second Amended and Restated Purchase and Sale Agreement, dated as of October 5, 2016 (as amended, restated, supplemented or otherwise modified through the date hereof, the “Agreement”).
2.Arch Receivable Company, LLC, as seller, the Servicer, the various financial institutions party thereto as Conduit Purchasers, the Related Committed Purchasers thereto as LC Participants and as Purchaser Agents, and PNC Bank National Association, as administrator and LC Bank, are parties to the Third Amended and Restated Receivables Purchase Agreement, dated as of October 5, 2016 (as amended, restated, supplemented or otherwise modified through the date hereof, the “Receivables Purchase Agreement”).
3.The Company has requested the removal of the Released Originator from the Agreement.
4.In connection with this Amendment, the Released Originator is being removed from the Agreement as parties thereto in the capacity of an “Originator”.
5.The parties hereto desire to amend the Agreement as hereinafter set forth.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
SECTION 1.Certain Defined Terms.  Capitalized terms that are used but not defined herein shall have the meanings set forth in the Agreement or Receivables Purchase Agreement.
SECTION 2.Amendments to the Agreement.  The Agreement is hereby amended as follows:
2.1Schedule I to the Agreement is hereby replaced in its entirety with Schedule I attached hereto.
2.2Schedule II to the Agreement is hereby replaced in its entirety with Schedule II attached hereto.

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2.3Schedule IV to the Agreement is hereby replaced in its entirety with Schedule IV attached hereto.
2.4Schedule V to the Agreement is hereby replaced in its entirety with Schedule V attached hereto.
SECTION 3.Release of Released Originator.  The parties hereto hereby agree that upon the effectiveness of this Amendment, (i) the Released Originator shall no longer (a) be party to the Agreement or any other Transaction Document (including, for the avoidance of doubt, the Originator Performance Guaranty) and shall no longer have any obligations or rights thereunder and (b) sell any Receivables or Related Rights to the Company under the Agreement and (ii) none of the Company, the Continuing Originators, the Administrator, the Purchaser Agents or LC Bank will have any obligations or rights with respect to the Released Originator under the Agreement or any other Transaction Document (including, for the avoidance of doubt the Originator Performance Guaranty); provided, however, that nothing in this Section 3 shall (x) affect the delegation and assumption of duties, obligations and liabilities pursuant to Section 4 hereof or (y) otherwise derogate from any of the Released Originator’s agreements made pursuant to this Amendment .
SECTION 4.Delegation and Assumption of Released Originator’s Obligations.  Effective immediately prior to the removal of the Released Originator as a party to the Agreement and each of the other Transaction Documents pursuant to Section 3 above, the Released Originator hereby delegates to each of the Continuing Originators, and each of the Continuing Originators, jointly and severally, hereby assumes, all of the Released Originator’s duties, obligations and liabilities that have arisen or accrued prior to the date hereof under the Agreement and each of the other Transaction Documents.
SECTION 5.Acknowledgement and Agreement.  Each of the parties hereto hereby acknowledges and agrees that each of the Receivables and Related Rights heretofore sold, transferred or assigned by the Released Originator to the Company pursuant to the Agreement shall remain property of the Company and that the Company is not selling, transferring or assigning any such property to the Released Originator in connection with this Amendment.
SECTION 6.Representations and Warranties.  Each of the Continuing Originators (solely with respect to clause (a) below; it being understood and agreed that each Continuing Originator makes the representations and warranties set forth in clause (a) below solely with respect to itself, and no Continuing Originator makes the representations and warranties set forth in clause (b) or (c) below) and the Company hereby represents and warrants as follows:
(a)Enforceability.  The execution and delivery by such Person of this Amendment, and the performance of each of its obligations under this Amendment and the Agreement, as amended hereby, are within each of its organizational powers and have been duly authorized by all necessary organizational action on its part.  This Amendment and the Agreement (except with respect to the Released Originator), as amended hereby, are such Person’s valid and legally binding obligations, enforceable in accordance with their respective terms.

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(b)No Default.  Both before and immediately after giving effect to this Amendment and the transactions contemplated hereby, no Purchase and Sale Termination Event, Unmatured Purchase and Sale Termination Event, Termination Event or Unmatured Termination Event exists or shall exist.
(c)Net Receivables Pool Balance.  Both before and immediately after giving effect to this Amendment and the transactions contemplated hereby, the sum of (A) the Aggregate Capital plus the Adjusted LC Participation Amount, plus (B) the Total Reserves, will not exceed the sum of (A) the Net Receivables Pool Balance on the date hereof, plus (B) the Purchasers’ Share of the amount of Collections on deposit in the Lock-Box Accounts on the date hereof (other than amounts set aside therein representing Discount and fees).
SECTION 7.Authorization to File Financing Statements.  Upon the effectiveness of this Amendment, the Company and the Administrator each hereby authorizes the Released Originator to file (at the expense of the Released Originator) UCC-3 amendments in substantially the form of Exhibit A hereto terminating the UCC-1 financing statements identified on Exhibit B hereto.  Each of the Company and the Administrator further agrees to execute and deliver at the Company’s expense such other releases or termination statements as the Released Originator may reasonably request from time to time in connection with the release of its obligations granted pursuant to this Amendment.
SECTION 8.Effect of Amendment.  All provisions of the Agreement, as expressly amended and modified by this Amendment, shall remain in full force and effect. After this Amendment becomes effective, all references in the Agreement (or in any other Transaction Document) to “this Agreement”, “hereof”, “herein” or words of similar effect referring to the Agreement shall be deemed to be references to the Agreement as amended by this Amendment. This Amendment shall not be deemed, either expressly or impliedly, to waive, amend or supplement any provision of the Agreement other than as set forth herein.
SECTION 9.Effectiveness.  This Amendment shall become effective as of the date hereof upon receipt by the Administrator of duly executed counterparts of this Amendment by each of the parties hereto in form and substance reasonably satisfactory to the Administrator.
SECTION 10.Counterparts.  This Amendment may be executed in any number of counterparts and by different parties on separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute but one and the same instrument.  Delivery of an executed counterpart of a signature page to this Amendment by facsimile or electronic transmission shall be effective as delivery of a manually executed counterpart hereof.
SECTION 11.Governing Law.  This Amendment shall be governed by, and construed in accordance with, the internal laws of the State of New York.
SECTION 12.Section Headings.  The various headings of this Amendment are included for convenience only and shall not affect the meaning or interpretation of this Amendment, the Agreement or any provision hereof or thereof.

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SECTION 13.Ratification.  After giving effect to this Amendment and the transactions contemplated by this Amendment, all of the provisions of the Performance Guaranty shall remain in full force and effect and the Performance Guarantor hereby ratifies and affirms the Performance Guaranty and acknowledges that (a) the Performance Guaranty has continued and shall continue in full force and effect in accordance with its terms and (b) that each of the Continuing Originators’ obligations under Section 4 above shall constitute “Guaranteed Obligations” (under and as defined in the Performance Guaranty).
SECTION 14.  No Proceeding.  The Released Originator hereby agrees that it will not institute, or join any other Person in instituting, against Arch Receivable Company, LLC any Insolvency Proceeding so long as any of the Seller’s obligations under the Receivables Purchase Agreement remains outstanding and for at least one year and one day following the day on which the Seller’s obligations under the Receivables Purchase Agreement are paid in full.
SECTION 15.Severability.  Each provision of this Amendment shall be severable from every other provision of this Amendment for the purpose of determining the legal enforceability of any provision hereof, and the unenforceability of one or more provisions of this Amendment in one jurisdiction shall not have the effect of rendering such provision or provisions unenforceable in any other jurisdiction.
[Signatures begin on next  page]
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IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective officers thereunto duly authorized as of the date first above written.
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ARCH RESOURCES, INC.
​​​By: /s/Matthew C. GiljumName: Matthew C. Giljum‌Title: Senior Vice President & Chief Financial Officer
​
​

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SERVICER:
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ARCH COAL SALES COMPANY, INC.
​
​
By: /s/Rosemary L. Klein
Name:Rosemary L. Klein
Title: Vice President & Assistant Secretary‌​

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CONTINUING ORIGINATORS:
​
ARCH COAL SALES COMPANY, INC. 
ARCH ENERGY RESOURCES, LLC
ARCH WESTERN RESOURCES, LLC
MINGO LOGAN COAL LLC
MOUNTAIN COAL COMPANY, L.L.C.
THUNDER BASIN COAL COMPANY, L.L.C.
COALQUEST DEVELOPMENT LLC
HUNTER RIDGE COAL LLC
HUNTER RIDGE HOLDINGS, INC.
HUNTER RIDGE LLC
ICG BECKLEY, LLC
ICG EAST KENTUCKY, LLC
ARCH COAL GROUP, LLC
ICG, LLC
ICG NATURAL RESOURCES, LLC
ICG TYGART VALLEY, LLC
INTERNATIONAL ENERGY GROUP, LLC
MARINE COAL SALES LLC
UPSHUR PROPERTY LLC
​
​
By: /s/Rosemary L. Klein
Name: Rosemary L. Klein
Title: Vice President & Assistant Secretary
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BRONCO MINING COMPANY LLC
HAWTHORNE COAL COMPANY LLC
KING KNOB COAL CO. LLC
MELROSE COAL COMPANY LLC
PATRIOT MINING COMPANY LLC
VINDEX ENERGY LLC
WHITE WOLF ENERGY LLC
WOLF RUN MINING LLC
​
​
By: /s/Rosemary L. Klein
Name: Rosemary L. Klein
Title: Vice President & Assistant Secretary
​

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RELEASED ORIGINATOR:
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ICG ILLINOIS, LLC 
​
​
By: /s/Rosemary L. Klein
Name: Rosemary L. Klein
Title: Vice President & Assistant Secretary
​

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CONSENT TO:
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PNC BANK, NATIONAL ASSOCIATION,
as Administrator and as a Purchaser Agent
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​
By: /s/Brian M. Stanley
Name: Brian M. Stanley
Title: Senior Vice President
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PNC BANK, NATIONAL ASSOCIATION,
as the LC Bank
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​
By: /s/Brian M. Stanley
Name: Brian M. Stanley
Title: Senior Vice President
​
​

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REGIONS BANK,
as a Purchaser Agent
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By: /s/Mark A. Kassis
Name:Mark A. Kassis
Title: Managing Director
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‌Schedule ILIST OF ORIGINATORS
Arch Coal Sales Company, Inc.
Arch Energy Resources, LLC
Arch Western Resources, LLC
Mingo Logan Coal LLC
Mountain Coal Company, L.L.C.
Thunder Basin Coal Company, L.L.C.
Bronco Mining Company LLC
CoalQuest Development LLC
Hawthorne Coal Company LLC
Hunter Ridge Coal LLC
Hunter Ridge Holdings, Inc.
Hunter Ridge LLC
ICG Beckley, LLC
ICG East Kentucky, LLC
Arch Coal Group, LLC
ICG, LLC
ICG Natural Resources, LLC
ICG Tygart Valley, LLC
International Energy Group, LLC
King Knob Coal Co. LLC
Marine Coal Sales LLC
Melrose Coal Company LLC
Patriot Mining Company LLC
Upshur Property LLC
Vindex Energy LLC
White Wolf Energy LLC
Wolf Run Mining LLC
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	Schedule I-1
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Schedule II
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LOCATION OF EACH ORIGINATOR
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	Originator
	Location

	Arch Coal Sales Company, Inc.
	Delaware

	Arch Energy Resources, LLC
	Delaware

	Arch Western Resources, LLC
	Delaware

	Mingo Logan Coal LLC
	Delaware

	Mountain Coal Company, L.L.C.
	Delaware

	Thunder Basin Coal Company, L.L.C.
	Delaware

	Bronco Mining Company LLC
	West Virginia

	CoalQuest Development LLC
	Delaware

	Hawthorne Coal Company LLC
	West Virginia

	Hunter Ridge Coal LLC
	Delaware

	Hunter Ridge Holdings, Inc.
	Delaware

	Hunter Ridge LLC
	Delaware

	ICG Beckley, LLC
	Delaware

	ICG East Kentucky, LLC
	Delaware

	Arch Coal Group, LLC
	Delaware

	ICG, LLC
	Delaware

	ICG Natural Resources, LLC
	Delaware

	ICG Tygart Valley, LLC
	Delaware

	International Energy Group, LLC
	Delaware

	King Knob Coal Co. LLC
	West Virginia

	Marine Coal Sales LLC
	Delaware

	Melrose Coal Company LLC
	West Virginia

	Patriot Mining Company LLC
	West Virginia

	Upshur Property LLC
	Delaware

	​
	Schedule II-1
	​
​

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	Vindex Energy LLC
	West Virginia

	White Wolf Energy LLC
	Virginia

	Wolf Run Mining LLC
	West Virginia

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	Schedule II-2
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Schedule IV
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TRADE NAMES
​
	Legal Name
	Trade Names

	Arch Coal Sales Company, Inc.
	​

	Arch Energy Resources, LLC
	​

	Arch Western Resources, LLC
	​

	Mingo Logan Coal LLC
	​

	Mountain Coal Company, L.L.C.
	​

	Thunder Basin Coal Company, L.L.C.
	​

	Bronco Mining Company LLC
	​

	CoalQuest Development LLC
	​

	Hawthorne Coal Company LLC
	​

	Hunter Ridge Coal LLC
	​

	Hunter Ridge Holdings, Inc.
	​

	Hunter Ridge LLC
	​

	ICG Beckley, LLC
	ACI Beckley, LLC
ACI Beckley

	ICG East Kentucky, LLC
	​

	Arch Coal Group, LLC
	ICG, Inc. of Delaware

	ICG, LLC
	ICG Coal, LLC

	ICG Natural Resources, LLC
	ACI Natural Resources, LLC
ACI Natural Resources

	ICG Tygart Valley, LLC
	ACI Tygart Valley, LLC

	International Energy Group, LLC
	​

	King Knob Coal Co. LLC
	​

	Marine Coal Sales LLC
	​

	Melrose Coal Company LLC
	​

	Patriot Mining Company LLC
	​

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	Schedule IV-1
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	Upshur Property LLC
	​

	Vindex Energy LLC
	​

	White Wolf Energy LLC
	​

	Wolf Run Mining LLC
	​

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	Schedule IV-2
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Schedule V
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LOCATION OF MINING OPERATIONS
 ​
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	ORIGINATOR
	MINEHEAD
	STATE 
	COUNTY

	Arch Coal Sales Company, Inc.
	N/A
	​
	​

	Arch Energy Resources, LLC
	N/A
	​
	​

	Arch Western Resources, LLC
	N/A
	​
	​

	Mingo Logan Coal LLC
	Mountain Laurel
	West Virginia
	Logan 

	Mountain Coal Company, L.L.C.
	West Elk
	Colorado
	Gunnison 

	Thunder Basin Coal Company, L.L.C.
	Black Thunder
Coal Creek
	Wyoming
Wyoming
	Campbell 
Campbell

	Bronco Mining Company LLC
	N/A
	​
	​

	CoalQuest Development LLC
	N/A
	​
	​

	Hawthorne Coal Company LLC
	N/A
	​
	​

	Hunter Ridge Coal LLC
	N/A
	​
	​

	Hunter Ridge Holdings, Inc.
	N/A
	​
	​

	Hunter Ridge LLC
	N/A
	​
	​

	ICG Beckley, LLC
	Beckley
	West Virginia
	Raleigh

	ICG East Kentucky, LLC
	East Kentucky
	Kentucky
	Pike

	Arch Coal Group, LLC
	N/A
	​
	​

	ICG, LLC
	N/A
	​
	​

	ICG Natural Resources, LLC
	N/A
	​
	​

	ICG Tygart Valley, LLC
	Tygart Valley
	West Virginia
	Taylor

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	Schedule V-1
	​
 ​

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	ORIGINATOR
	MINEHEAD
	STATE 
	COUNTY

	International Energy Group, LLC
	N/A
	​
	​

	King Knob Coal Co. LLC
	N/A
	​
	​

	Marine Coal Sales LLC
	N/A
	​
	​

	Melrose Coal Company LLC
	N/A
	​
	​

	Patriot Mining Company LLC
	Patriot Mining
	West Virginia
	Monogalia

	Upshur Property LLC
	N/A
	​
	​

	Vindex Energy LLC
	Vindex Energy
Vindex Energy
Vindex Energy
	Maryland
Maryland
West Virginia
	Allegany
Garrett
Grant

	White Wolf Energy LLC
	N/A
	​
	​

	Wolf Run Mining LLC
	Buckhannon Harrison
Buckhannon Harrison
Sentinel
	West Virginia
West Virginia
West Virginia
	Upshur
Harrison
Barbour

​

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	Schedule V-2
	​
 ​

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Exhibit A
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UCC-3 TERMINATION STATEMENTS TO BE FILED
​
(attached)
​

	739460964.3
	Exhibit A-1
	Sixth Amendment to A&R PSA
 (Arch Coal)

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Exhibit B
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UCC-1 FINANCING STATEMENTS TO BE TERMINATED
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	Released Originator
	Filing Office
	Identification Number
	Filing Date

	ICG Illinois, LLC
	Delaware Department of State
	2011 2825936  
	July 21, 2011

	ICG Illinois, LLC
	Sangamon County Recorder
	2011F00136
	November 16, 2011

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	Exhibit B-1
	Sixth Amendment to A&R PSA
 (Arch Coal)

​Document

EXHIBIT 4.2

DESCRIPTION OF THE REGISTRANT’S SECURITIES
REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES
EXCHANGE ACT OF 1934

Limelight Networks, Inc. (“Limelight,” “we,” “our,” or “us”) has one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended: our common stock, par value $0.001 per share.

DESCRIPTION OF CAPITAL STOCK

The following summary of the terms of our capital stock is based upon our Amended and Restated Articles of Incorporation (the “Articles of Incorporation”) and our Second Amended and Restated Bylaws (the “Bylaws”). The summary is not complete, and is qualified by reference to our Articles of Incorporation and our Bylaws, which are filed as exhibits to this Annual Report on Form 10-K and are incorporated by reference herein. We encourage you to read our Articles of Incorporation, our Bylaws, and the applicable provisions of the Delaware General Corporation Law for additional information.

Authorized Shares of Capital Stock
Our authorized capital stock consists of three hundred (300) million shares of common stock, $0.001 par value, and seven million five hundred thousand (7.5) million shares of preferred stock. Our board of directors (the “Board”) may establish the rights and preferences of the preferred stock from time to time. As of January 23, 2020, there were 118,602,673 shares of Limelight common stock issued and outstanding and no shares of Limelight preferred stock issued and outstanding. The outstanding shares of our common stock are duly authorized, validly issued, fully paid, and nonassessable.

Listing
Our common stock is listed and principally traded on The NASDAQ Global Select Market under the symbol “LLNW.”

Voting Rights
Each holder of shares of our common stock is entitled to one (1) vote for each share held of record by such holder on the applicable record date on all matters submitted to a vote of shareholders. Pursuant to our Articles of Incorporation, shareholders do not have the right to vote cumulatively.

Dividend Rights
Subject to any preferential dividend rights granted to the holders of any shares of our preferred stock that may at the time be outstanding, holders of our common stock are entitled to receive ratably any dividends as may be declared from time to time by our Board out of funds legally available therefor.

Rights upon Liquidation
Subject to any preferential rights of outstanding shares of preferred stock, holders of our common stock are entitled to share ratably, upon any liquidation, dissolution, or winding up of Limelight, in all remaining assets legally available for distribution to shareholders.

Other Rights and Preferences
Our common stock has no sinking fund, redemption provisions, or preemptive, conversion, or exchange rights. 

Transfer Agent and Registrar
American Stock Transfer and Trust Company is the transfer agent and registrar for our common stock.

Certain Anti-Takeover Effects
Certain provisions of our Articles of Incorporation and Bylaws may be deemed to have an anti-takeover effect. These provisions, summarized below, could have the effect of delaying, deferring, or discouraging another party from acquiring control of us. These provisions are expected to discourage coercive takeover practices and inadequate takeover bids and to promote stability in our management. These provisions are also designed, in part, to encourage persons seeking to acquire control of us to negotiate first with our Board.

Articles of Incorporation and Bylaws

Our Articles of Incorporation and our Bylaws provide for the following:

•Undesignated Preferred Stock. As discussed above, our Board has the ability to issue preferred stock with voting or other rights or preferences that could impede the success of any attempt to change control of us. These and other provisions may have the effect of deterring hostile takeovers or delaying changes in control or management of our company.

•Stockholder Meetings. Our Articles of Incorporation provide that our stockholders may not act by written consent, which may lengthen the amount of time required to take stockholder actions. As a result, a holder controlling a majority of our capital stock would not be able to amend our Bylaws or remove directors without holding a meeting of our stockholders called in accordance with our Bylaws. In addition, our Bylaws provide that special meetings of the stockholders may be called only by the chairperson of the board, the chief executive officer, or our Board. Stockholders may not call a special meeting, which may delay the ability of our stockholders to force consideration of a proposal or for holders controlling a majority of our capital stock to take any action, including the removal of directors.

•Requirements for Advance Notification of Stockholder Nominations and Proposals. Our Bylaws establish advance notice procedures with respect to stockholder proposals and the nomination of candidates for election as directors, other than nominations made by or at the direction of our Board or a committee of our Board. These provisions may have the effect of precluding the conduct of certain business at a meeting if the proper procedures are not followed. These provisions may also discourage or deter a potential acquirer from conducting a solicitation of proxies to elect the acquirer’s own slate of directors or otherwise attempting to obtain control of our company.

•Board Classification. Our Board is divided into three classes, one class of which is elected each year by our stockholders. The directors in each class will serve for a three-year term. Our classified board may tend to discourage a third party from making a tender offer or otherwise attempting to obtain control of us, because it generally makes it more difficult for stockholders to replace a majority of the directors.

•No Cumulative Voting. Our Articles of Incorporation and Bylaws do not permit cumulative voting in the election of directors. Cumulative voting allows a stockholder to vote a portion or all of its shares for one or more candidates for seats on the Board. Without cumulative voting, a minority stockholder may not be able to gain as many seats on our Board as the stockholder would be able to gain if cumulative voting were permitted. The absence of cumulative voting makes it more difficult for a minority stockholder to gain a seat on our Board to influence our Board’s decision regarding a takeover.

Amendment of Articles of Incorporation and Bylaws. The amendment of the above provisions of our charter documents requires approval by holders of at least two-thirds of the voting power of our then outstanding voting stock.

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