Document:

EX-10.77

 Exhibit 10.77 

AMENDED AND RESTATED CONTRACT MINING AGREEMENT 

This AMENDED AND RESTATED CONTRACT MINING AGREEMENT (“Amended Agreement” or “Agreement”), is made and entered into
as of October 1, 2011 between SUGAR CAMP ENERGY, LLC, a Delaware limited liability company, hereinafter called “Owner,” and M-CLASS MINING, LLC, a Delaware limited liability company, hereinafter called
“Contractor.” 
 RECITALS 

A. Owner and Contractor entered into that certain Contract Mining Agreement dated January 1, 2009 (“Contract Mining Agreement”)
and now desire to amend in part and restate in its entirety the Contract Mining Agreement in this Amended Agreement. 
 B. Owner has the
right to mine certain coal-bearing property, pursuant to certain deeds, leases, subleases, licenses and/or other contractual arrangements, as the case may be (hereinafter referred to as “Owner’s Coal Rights”), which property includes
a tract shown on a map attached hereto as Exhibit A (such tract hereinafter referred to as the “Premises”). 
 C.
Owner desires to engage Contractor to mine, by deep mining methods only, such seam(s) of coal as Owner may direct from the Sugar Camp Mine located within the Premises, and Contractor is willing to undertake the mining of such coal upon the terms and
conditions hereinafter set forth. Contractor is fully informed regarding mining operations in the area of the Premises, is skilled and experienced in mining coal in the manner contemplated hereby, and desires to mine such coal as an independent
contractor for Owner and to deliver the same as set forth in Exhibit B, and for the compensation set forth in Exhibit B, pursuant to the terms and conditions herein set forth. Contractor has inspected and is familiar with
the Premises. 
 D. Owner owns certain coal mining equipment which it has agreed to allow Contractor to use solely for the purpose of mining
coal on the Premises on the terms and conditions hereinafter set forth. 
 WITNESSETH 

That for and in consideration of the promises and agreements herein set forth to be kept and performed by each party, the parties mutually
agree as follows: 
 1. Definitions. 

a. As used in this Agreement, “minable and merchantable coal” means coal, when mined in conjunction with the Contractor’s
operations, which can be cleaned and/or sold by the Owner at a reasonable profit under prevailing market conditions, in Owner’s sole judgment. 

  
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 b. For purposes of this Agreement, “deep mining” means mining with excavations
penetrating coal seams or strata with the use of shafts, slopes, drifts, or inclines through the use of conventional, continuous miner, or longwall mining equipment. 

c. As used herein, “termination” means cessation of the Agreement by whatever means, including, without limitation, forfeiture,
cancellation, and end of the term. 
 2. Engagement of Independent Contractor. 

a. Except as herein otherwise provided, Contractor agrees to furnish, at its own expense, all sufficient, necessary, and incidental services,
manpower, equipment, parts, security services, machinery, tools, power, fuel, explosives, water, materials, supplies, and all other items necessary and convenient to perform the mining services herein contemplated or as otherwise agreed by Owner and
Contractor; provided, however, that Contractor may use Owner’s equipment listed on Exhibit D. 
 b. It is the intention
of the parties that Owner has engaged Contractor to mine and deliver certain coal pursuant to this Agreement, and it is expressly agreed that Contractor will carry out the services contemplated by this Agreement as an independent contractor who has
a possessory status of the Premises as a tenant at will. Contractor understands and agrees that any and all coal and coal products mined from the Premises shall at all times belong to Owner, and at no time shall Contractor grant, permit, allow or
suffer a security interest, mechanic’s lien or lien of any type or nature to attach to such coal, or to sell, have sold, or otherwise dispose of such coal or coal products without Owner’s written directive to do so. Owner shall exercise no
control of Contractor’s employees or mining operations hereunder, and Contractor shall conduct all its operations hereunder in such manner as to do the least possible damage to the Premises or to the property of any other person. Nothing herein
shall be construed as creating a single enterprise, joint venture, landlord-tenant, or employer-employee relationship between Contractor and Owner. Contractor is not and shall not represent itself to be a partner, agent, or representative of Owner.

 c. Contractor shall, under the terms and Conditions herein, mine for Owner, by modern and efficient deep mining methods, and with due
regard for future mining, the Premises permitted under any permits to be issued by the appropriate governmental agencies. Contractor shall, as from time to time directed by Owner, produce and deliver coal, and Contractor agrees to perform the work
and services required under this Agreement (the “Work”) upon the terms and conditions as provided herein. Contractor agrees to perform the Work on the Premises under the same limitations and restrictions of Owner’s Coal Rights and in
accordance with any and all permits to be issued. 
 In addition to the complete process of deep mining, loading, delivering, and
transporting coal from the Premises, as herein provided, the Work includes, but is not limited to, the proper, safe, workmanlike, timely, and diligent construction, operation, maintenance, and periodic rehabilitation of any and all mine site(s),
work and service area(s), road(s), culvert(s), drain(s), water well(s), tank(s) and line(s), building(s), pollution control structure(s) (exclusive of sediment ponds), telephone line(s) and installations(s), electrical power line(s), substation(s)
and 

  
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installation(s), underground air course(s), roof support(s), railway(s) and haulway(s), and all other surface and underground improvement(s), installation(s), and/or fixture(s) on, in, near,
adjacent, contiguous, and/or through the Premises, or associated and/or used therewith, which are necessary and/or convenient for Contractor’s Work hereunder; as well as, keeping all areas of the Premises and surface area utilized hereunder
free and clear of all trash, coal refuse, spent supplies, discarded equipment, and other debris. 
 d. Owner further permits Contractor the
right, pursuant to the provisions of paragraph 18 hereafter set forth, to use and maintain haulage roads on and over any of Owner’s property which would provide ingress and egress to and from the Premises, and further permits Contractor the
right to construct, operate and maintain in and upon the Premises or property adjacent thereto owned or Controlled by Owner such buildings, equipment, improvements, and roadways as may be required by Contractor in connection with the performance of
the terms of this Agreement to the extent that Owner has these rights; provided, however, that the construction of all roads, ponds, or permanent improvements must be approved by Owner. 

e. Contractor shall mine and deliver to Owner the coal mined hereunder in accordance with paragraphs B.01 and B.05 contained in Exhibit
B. 
 f. Contractor shall implement a drug testing policy applicable to all of Contractor’s employees, agents, and
subcontractors performing work under this Agreement, which policy shall comply with all state, federal and local laws, ordinances, rules and regulations and shall be satisfactory to Owner. 

3. Nonexclusive Right to Mine; Coordination of Operations. It is understood and agreed by the parties that neither the designation by
Owner of any particular place or area from which Contractor is to mine the coal nor supplying or agreeing to or being aware of a plan of mining and projections of mining operations at such place or in such area shall imply or give rise to any
exclusive right in the Contractor to mine all of the coal at such place or in such area, but only so much thereof as Owner may from time to time direct or permit Contractor to mine. It is further understood that the Premises to be mined by
Contractor hereunder may be adjacent to other areas which are presently being mined or will in the future be mined by other contractors or by Owner. Therefore, in order to allow Owner overall coordination of mining on its lands, the mining plans and
projections prepared by Contractor will be provided to the Owner for its review and comment prior to Contractor commencing operations hereunder, and thereafter Contractor shall diligently follow the same, as amended from time to time, in its
Operations hereunder. Owner shall have the right to enter and inspect the Premises and Contractor’s operations at all reasonable times to determine that Contractor is securing the greatest possible recovery of minable coal and to insure
compliance with the terms and provisions of this Agreement. Owner shall at all times have the right to enter the Premises to exercise all rights it has in, on and to the Premises and other lands so long as Owner does not unreasonably interfere with
Contractor’s operations hereunder. Contractor promptly shall provide to Owner any consents, waivers or other documentation that may be requested by Owner or third parties to facilitate Owner’s exercise of its rights on the Premises. OWNER
MAKES NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, AS TO THE LENGTH OF TIME OF CONTRACTOR’S OPERATION. 

  
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 4. Coal on Adjacent Lands. Contractor acknowledges that the Premises on which it is to
conduct its operations is only a part of the lands covered by Owner’s Coal Rights and that adjacent lands may, in the future, be mined by other contractors or by Owner. Contractor shall conduct its mining operations hereunder exclusively on the
Premises and shall not mine coal from adjacent lands covered by Owner’s Coal Rights without a written amendment to this Agreement clearly specifying the additional area on which Contractor may conduct mining operations. 

5. Prior Investigation By Contractor. Contractor accepts the Premises hereinabove described in their existing condition and
acknowledges that Contractor has made an investigation to determine existing conditions, including the existence of old works, latent and patent dangers, other dangerous conditions within, upon, over, under and/or associated with the Premises,
limitation of the areas involved, equipment necessary to conduct and complete operations, laws affecting performance hereunder, and Owner’s knowledge of prior mining and the location of old works. OWNER MAKES NO IMPLIED OR EXPRESS WARRANTY OR
REPRESENTATION CONCERNING THE EXISTENCE, QUANTITY, QUALITY, MINABILITY OR MERCHANTABILITY OF THE COAL SEAM WITHIN THE PREMISES, TITLE THERETO, OR OTHERWISE, AND CONTRACTOR COVENANTS AND AGREES THAT NO REPRESENTATIONS, STATEMENTS OR WARRANTIES,
EXPRESS OR IMPLIED, HAVE BEEN MADE BY OR ON BEHALF OF OWNER REGARDING THE PREMISES, THEIR CONDITION, THE USE OR OCCUPATION THAT MAY BE MADE THEREOF OR THE INCOME THEREFROM. Owner shall in no event assume or be liable for any loss incurred by
Contractor under this Agreement, and Contractor acknowledges that Owner has included in the compensation to be paid hereunder to Contractor a sufficient sum to cover the cost of all items expressly or impliedly required hereunder and to obtain the
full and complete performance of all the Work contemplated by this Agreement. Owner does not assume any responsibility or liability for the present or future condition of the Premises and Owner shall not be liable to Contractor for any damage to or
destruction of the Premises or Contractor’s property or the property of any other person due to fires, floods, or any other accident or other natural catastrophe which occurs on or within the Premises. 

6. Term. 
 a. The initial
term of this Agreement shall be a period of one year, beginning on the 1st day of October, 2011 and ending at midnight on the 30th day of September, 2012, and if not sooner terminated as hereafter provided, the term of this Agreement shall
thereafter be automatically extended for successive periods of one (1) year each until terminated as herein below set forth; provided that at the time of such extension, Contractor has kept and performed all of the covenants, agreements,
promises and conditions herein required to be kept and performed by it. Notwithstanding the foregoing, this Agreement shall automatically terminate at such time as Contractor shall have mined and removed from the Premises all the minable and
merchantable coal in the seam hereinabove specified and shall have fully complied with all applicable laws upon completion of mining. 
 b.
In addition to the provisions for expiration set forth in subparagraph 6.a above and the parties’ respective rights of termination upon default, or otherwise, as set forth 

  
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hereafter in paragraph 33, the Owner shall have the unilateral right to terminate this Agreement at any time during its initial term or any extension thereof, with or without cause, by giving not
less than ten (10) days prior written notice of termination to Contractor which specifically states the date and time of termination; and Contractor shall have the same unilateral right to terminate by giving not less than forty-five
(45) days prior written notice to Owner. 
 (i) During the term of this Agreement, the Contractor will provide bonds, and make
payments to and deposits with all appropriate governmental agencies. The aforesaid bonds, payments and deposits are herein referred to as “Accounts” and will all have been paid to such governmental agencies by Contractor with monies
advanced or reimbursed by Owner pursuant to this Agreement. Upon the cessation of its business as a mining company (hereinafter “Cessation”) to the extent provided by law, Contractor has a right or privilege to obtain partial rebates or
refunds of said Accounts. 
 (ii) It is hereby agreed that upon the termination of this Agreement for any reason, Contractor shall refund,
repay or rebate to Owner, within sixty (60) days of such termination or, as to each Account, within ten (10) days after the date the subject governmental agency determines the amount that Contractor is entitled to receive, whichever is
later, the amounts of such Accounts Contractor is entitled to receive upon Cessation. It is for these purposes further agreed that: 

(iii) The date of Cessation shall be the same date as the date of termination of this Agreement; 

(iv) The payment herein described shall be due from Contractor to Owner at the time described, whether or not Contractor in fact ceases to do
business as a mining company; and 
 (v) The amounts of such Accounts that Contractor is entitled to receive shall be the amounts
determined by the subject governmental agencies. 
 c. Owner shall have the right (i) to cause Contractor to suspend its services
performed hereunder, in whole or in part, in the event, and as often as such event may occur, Owner is compelled to do so because of fires, floods, or other acts of God, labor disputes, railroad car shortages, or other conditions beyond Owner’s
control, and (ii) to cause Contractor to suspend its services performed hereunder, in whole or in part, in the event, and as often as such event may occur, Owner is unable to dispose of the Coal at a reasonable profit in Owner’s sole
judgment. 
 d. Upon termination of this Agreement for any reason prior to the time all the minable and merchantable coal has been mined and
removed, Contractor shall leave the Premises in such condition that mining by another may begin immediately and shall do all things required by Owner to permit immediate mining by another, including, but not limited to, the transfer or assignment of
applicable permits to Owner or its designee. 

  
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 e. NOTWITHSTANDING ANYTHING CONTAINED IN THIS AGREEMENT TO THE CONTRARY, OWNER MAKES NO
REPRESENTATIONS, COVENANTS, OR WARRANTIES, EXPRESSED, IMPLIED OR OTHERWISE, TO THE CONTRACTOR AS TO THE VOLUMES OF COAL TO BE PRODUCED OR THE DURATION OR CONTINUANCE OF THIS AGREEMENT. 

7. Payments; Weight Upon Which Contractor’s Payments are calculated. 

a. Owner will pay to Contractor, as the sole and exclusive consideration to Contractor for the Work, payments in accordance with the
provisions set forth in Exhibit B. Owner shall at all times have the right to deduct and set off from any payments or other sums due to Contractor hereunder any amounts owed to Owner by Contractor for any reason, as well as
(i) any amounts paid by Owner on behalf of Contractor to third parties, or (ii) any amounts which Owner reasonably determines, in its sole discretion, it may, in the future, be required to pay to third parties or incur itself on behalf of
Contractor due to Contractor’s failure to comply with the terms and conditions of this Agreement. 
 b. Payments made by Owner to
Contractor, as described in Exhibit B, shall include any improvements and rehabilitations performed by Contractor in the Mine and to the outside support facilities during the term of this Agreement, and Contractor shall have no right
in such improvements and/or rehabilitations upon termination of this Agreement, and all such property and improvements shall become the property of the Owner. 

c. Payments made by the Owner to the Contractor shall continue after the termination of this Agreement for (i) all performance hereunder
by Contractor during the term hereof, and (ii) for all performance required by Contractor by the provisions of this Agreement after its termination, such as reclamation costs, insurance premiums, etc. 

d. Payments hereunder shall be made by Owner to Contractor as described in Exhibit B attached hereto. 

e. In the event (and as often as such event may occur) that any third party perfects or threatens to perfect a legal right to encumber the
coal mined from the Premises or the Premises, in whole or in part, as a result of Contractor’s failure, in whole or in part, to pay such party as herein provided, or as Contractor may be otherwise legally obligated, Owner, at its sole option
and in addition to its other rights and remedies hereunder, does and shall have the right to pay, in whole or in part, and settle with such party directly; provided, however, that all such direct payments by Owner shall be forthwith reimbursed to
Owner by Contractor, Owner reserving the right, at its sole option, to deduct and set-off such direct payment sums, as and when the same are paid, from monies owed to Contractor pursuant to this Agreement and/or other agreements between the parties
hereto, as provided in this paragraph 7. This paragraph and/or the payment of such direct payment sums, in whole or in part, by Owner is not and shall not be construed as a waiver, alteration or modification of any of the Contractor’s
obligations assumed by it hereunder, nor as a covenant by Owner to perform the same. 

  
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 f. Contractor shall be paid on a per-ton basis, in accordance with Exhibit B, based
on the number of tons of clean coal on which Owner is paid by the purchaser of such coal. Owner shall provide Contractor with copies of its invoices from purchasers on a monthly basis to verify the number of tons for which Owner has been paid. Owner
shall be entitled to redact any information from such invoices that is not necessary for Contractor to verify the tonnage upon which Contractor’s payments are based, including without limitation, any information regarding the price Owner
receives for the coal. 
 8. Force Majeure and Right to Refuse Delivery. 

a. Owner or Contractor shall be excused from delay or failure to perform any work, services, or other commercial transaction contemplated
hereunder (other than equipment lease, rental, or installment sales payments) in the event of frustration of purpose, commercial impracticability, or any events of force majeure beyond the reasonable control of either party. General statements of
events of force majeure, frustration of purpose, and commercial impracticability shall not be limited by the rule of ejusdem generis. Whether or not foreseeable, events of force majeure, frustration of purpose, and commercial impracticability
include, but shall not be limited to: fires, floods, labor disputes, strikes, railcar shortages, barge shortages, acts of God, insurrection, damage to or breakdown of plants, trucks, or other equipment. Force majeure events shall not limit or
suspend Owner’s right to terminate this Agreement under any other provision of this Agreement. 
 b. Coal to be mined and delivered,
but delayed, lost, or not mined and delivered due to an event of force majeure, frustration of purpose, or commercial impracticability shall not be made up except by mutual written agreement. 

c. Owner at any time may reject a particular quantity or shipment of coal if such contains unnecessary extraneous material, and Owner shall
have the right at any time to refuse to accept delivery of coal hereunder whenever such coal is of such poor quality so as to render it unmarketable. 

9. Books of Account; Right to Audit. Contractor shall keep, for a minimum period of six (6) years, accurate records reflecting all
aspects of its operations hereunder, as well as employee related and non-employee related expenses incurred by Contractor in the performance of the Work, and said records shall be open at all reasonable times for inspection by Owner or its agents
for the purpose of comparing or verifying the reports and invoices rendered by Contractor under the terms of this Agreement. Like records shall be kept by Owner for inspection by Contractor or its agents to verify the accuracy of tonnage royalty
payments due Contractor hereunder. 
 10. Alteration of Premises. 

a. Contractor may make alterations and additions to the Premises only with the prior written consent of the Owner and only after Contractor
has secured all necessary permits and approvals from state and federal authorities. 

  
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 b. The parties recognize that mining in the Premises by Contractor shall be done only by
Contractor extending existing mine operations into the Premises and Contractor agrees that it will not make any additional openings on the surface overlying the Premises or otherwise use the surface overlying the Premises for any purpose without
obtaining the prior written consent of Owner. 
 c. If any repairs, alterations, or additions are made by Contractor, Contractor shall pay
promptly for all the labor or materials furnished, and Contractor shall keep the Premises and the interest of Owner therein free from any lien or encumbrances of any kind. 

d. Any additions or improvements made to the Premises by Contractor shall become the property of Owner upon the termination of this Agreement
unless otherwise agreed to by the parties hereto in writing. 
 11. Conformity With Laws. Contractor agrees to conduct its operations
under this Agreement in conformity with all applicable laws, rules, and regulations, now or hereafter in effect, made by the authority of the local, state, or federal governments. Contractor shall file any necessary report or other documents,
whether mandatory or permissible, with the applicable governmental or other office(s) in order to properly establish and serve notice of Contractor’s sole and exclusive responsibility for the health and safety of its employees, agents and
permitted subcontractors and responsibility for compliance with such laws and regulations during the term of this Agreement. 
 12. Fines
and Penalties. Contractor shall be responsible and solely liable for the payment of any assessments, penalties, or other fines imposed by any federal, state, or local agency, and for any violation of any federal, state, or local law or
regulation arising out of Contractor’s performance of the Work hereunder. Contractor shall provide Owner with a copy of all such violations or citations issued by any federal, state or local agency immediately upon receipt and fully inform
Owner of the circumstances surrounding such issuance. Owner may compromise and settle any claims for fines or penalties without the approval of the Contractor. 

13. Mining Permits. 
 a.
Unless otherwise agreed in writing, Contractor shall obtain all necessary state, federal, or local mining permits and a Mine Safety and Health Administration identification number for all operations hereunder. Contractor agrees, upon termination of
this Agreement by either party, to transfer or surrender, as requested by Owner, any and all mining permits and/or mining agreements obtained by or for the Contractor for mining operations, as Owner shall direct. In this connection, Contractor shall
provide Owner with sufficient information to gain approval from the Illinois Department of Natural Resources, or any other federal or state governmental authority whose approval may be required, for Contractor to conduct operations on the Premises.
In addition, upon request of Owner, Contractor will execute permitting forms Owner will prepare using the information and documentation supplied by Contractor. 

  
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 b. To effectuate the rights and interests in this paragraph 13, Contractor hereby irrevocably
appoints the Owner its true and lawful attorney, with power of substitution, for the Contractor and in the Contractor’s name, or in the Owner’s name or otherwise, for its use and benefit, (i) to assign, transfer, surrender, cancel, or
terminate and take any other action with respect to or otherwise deal with the federal and state mining permits and licenses issued to or held by the Contractor, as fully and completely as if the Owner were the permittee or licensee thereunder, and
(ii) to make, execute, acknowledge, and file any documents or instruments which may be required in or to effectuate such assignment, transfer, cancellation, termination, or other action with respect to such permit. 

c. The power of attorney granted in this paragraph shall survive termination of this Agreement and shall survive the liquidation, dissolution,
death, or incapacity of the Contractor. The powers conferred on the Owner by this paragraph are solely to protect its interests and shall not impose any duties upon the Owner to exercise any such powers. Contractor agrees to execute and deliver to
Owner an instrument in recordable form, as provided for in applicable state law, to effectuate the purposes of this paragraph 13. 

14. Engineering and Security Services; Records. Unless otherwise agreed in writing, Contractor agrees to provide the mine maps and
projections and the necessary engineering work to include the surveying of mine work, running mine levels, and other engineering requirements. Contractor shall provide, at its expense, sufficient personnel to guard the Premises on a seven (7)-day
per week basis for twenty-four (24) hours for each such day. Contractor shall keep such other records as Owner may reasonably request from time to time. Owner shall at all reasonable times have the right to inspect the records of Contractor
relating to all aspects of Contractor’s operations hereunder. 
 15. Depletion. It is understood and agreed that Contractor does
not acquire under this Agreement any economic interest in any coal owned or held under lease by Owner, and Owner shall have the full right of percentage depletion or of other depletion for income tax purposes or for any other purpose on all of the
coal mined, produced, and delivered by Contractor hereunder, and Contractor specifically agrees that it will make no claim whatsoever to any such depletion through its income tax accounting and returns or in any other manner. 

16. Ponds. Owner shall provide and Contractor shall maintain, at its sole expense, any existing silt ponds which are identified by
mining permits as necessary for run-off, as well as additional silt ponds and other structures as may be required for Contractor’s performance of the Work hereunder. 

17. Electric Power; Water. 

a. Owner has caused electric power service to be made available to the Mine site, as required for Contractor’s operations hereunder. The
cost of all electrical power used by Contractor shall be paid for by Contractor, however, at the election and convenience of Owner, such sums as may become due electrical utility companies by Contractor may be withheld by Owner from sums due
Contractor hereunder and paid directly by Owner to such electrical utility companies. 

  
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 b. Owner has provided a water system for use by Contractor in the performance of the Work
hereunder; however, Contractor shall be responsible for the routine maintenance and upkeep of said water system, including any extensions to the present system. 

18. Haulage Roads. Unless otherwise agreed in writing, Contractor shall be responsible for the construction and maintenance of all
roads required to provide access to and upon the Premises and for the haulage of coal to a designated loading point. The location of additional roads shall be subject to the approval of Owner. Owner reserves the right unto itself or its other
contractors to use all roads constructed and maintained by Contractor. 
 19. [RESERVED] 

20. Use of Owner’s Equipment. None of the equipment available for use in the performance of this Contract by Contractor shall be
the property of Contractor unless the same is identified in a writing signed by the parties; and in this connection, Owner consents to the use of certain of its coal mining equipment by Contractor solely for the purposes of mining coal on the
Premises for a period concurrent with the term of this Agreement, which equipment is listed on Exhibit D, attached hereto, as amended hereafter from time to time. Any additional equipment furnished by Owner during the term of this
Agreement or replacements to the equipment shown on Exhibit D will also be subject to the terms and conditions of this Agreement, which are as follows: 

a. Said equipment shall not be removed from the Premises. 

b. Contractor shall not assign, sublet nor pledge the equipment as security for any loan(s) or indebtedness of any nature, nor permit said
equipment to be encumbered in any manner whatsoever. 
 c. Owner makes no warranty or representations, either express or implied, as to the
fitness, quality, design, conditions, capacity, suitability, or performance of the equipment, or of the material or workmanship thereof; it being agreed that Contractor is permitted to use the equipment “as is,” and that all such risk in
the use of said equipment by Contractor is at its sole risk and expense. 
 d. Contractor, at its own expense, shall keep the equipment in
good and efficient working condition, and shall make such repairs and replacements thereto as may be necessary to keep the same in such condition. All such replacements of parts, pieces, components, and units, be they major or minor, shall
immediately become the property of Owner. 
 For failure by Contractor to observe and fully comply with the provisions respecting its use of
said equipment, as above set forth, Owner, in addition to any other remedies it may have, shall have the right to declare Contractor in default of this Agreement, and at its election, to terminate the same pursuant to paragraph 33. 

  
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 21. [RESERVED] 

22. Taxes, Assessments and Royalty Payments. 

a. Owner covenants and agrees: 

(i) to pay all royalties and other payments that may be required pursuant to the Owner’s Coal Rights for the coal mined and delivered to
Owner hereunder; and 
 (ii) to pay all severance taxes applicable to the coal mined and delivered to Owner hereunder, the per ton
reclamation fee or tax which may be required to be paid under the Surface Mining Control and Reclamation Act of 1977, as well as any fees or taxes required to be paid under any surface coal mining laws, and the black lung excise tax imposed for
black lung benefits under the Black Lung Benefits Act of 1977. 
 b. Contractor covenants and agrees: 

(i) to pay (except as otherwise provided in this paragraph) all taxes and all other assessed monetary obligations incident to the Work to be
performed hereunder and to its operations, as well as such property taxes as may be assessed against any property or improvements which it may possess upon the Premises, or in connection with its performance under this Agreement, and any business
and occupation or other taxes, if any, accruing against the services rendered by it hereunder or its income. Contractor shall submit on a quarterly basis to Owner proof of payment of all taxes or assessments due to any federal, state, or local
agency; and 
 (ii) to pay all contributions, taxes, and premiums payable under federal, state and local laws measured upon the payroll of
employees engaged by Contractor in the performance of the terms of this Agreement and all sales, use, excise, transportation, business and occupation, business franchise and corporate net income tax and other taxes applicable to materials and
supplies furnished or the Work performed hereunder. 
 23. Workers’ Compensation. Contractor shall become and remain a
subscriber to the Workers’ Compensation Fund of Illinois or otherwise provide appropriate workers’ compensation coverage for its employees;1 shall maintain insurance for, or otherwise
guarantee, the payment of federal black lung benefits to its employees in accordance with applicable laws; and shall conduct its operations in full compliance with the Fair Labor Standards Act, the Walsh-Healy Act, and all other applicable state and
federal laws and regulations and shall certify to Owner on a quarterly basis compliance therewith in connection with all Work performed hereunder. In connection with the foregoing duty of Contractor to provide Workers’ Compensation Fund
coverage and guarantee the payment of federal black lung benefits, Contractor shall (a) comply with all provisions of Illinois or other applicable law, as heretofore 

 

	1 	 Contractor’s employees shall include any owner if Contractor is a sole proprietorship, any partner if Contractor is a partnership, and any
officer or director if Contractor is an association or corporation, if such owner, partner, officer or director at any time engages in Work hereunder that is ordinarily performed by workers and employees required to be covered under Illinois law.

  
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or hereafter amended, and (b) provide Owner with copies of all required reports filed with any governmental agency or fund in satisfaction of these obligations, as well as copies of canceled
checks, front and back, evidencing payment of said obligations, by the 10th day of the second succeeding month after the month in which said reports and payments are required to be filed with said
funds or agencies. In addition, Contractor shall furnish to Owner each quarter an updated Certificate of Coverage which evidences that the Contractor is in good standing with the Illinois Workers’ Compensation Fund, or with the workers’
compensation authority in any other applicable state(s). Notwithstanding anything contained in this Agreement to the contrary, Owner, at its sole option, shall have the right to cancel this Agreement immediately and without prior notice, if
Contractor’s obligations contained in this paragraph are not strictly performed in a timely manner. 
 24. Responsibility for and
Payment of Employees. 
 a. Contractor, solely and exclusively, shall (i) employ, direct, supervise, discharge, and fix the
compensation and working conditions and practices of its employees; (ii) be solely responsible for their payment, and comply with all laws pertaining to payment of employees, including any laws requiring the posting of a bond or bonds, and
provide Owner a copy of any documentation evidencing such compliance; (iii) be solely and exclusively responsible for, and exercise complete control of its employees in all matters, disputes or grievances arising out of or in any way connected
with Contractor’s operations; (iv) establish adequate and proper safety and security rules for the Work performed hereunder and cause its employees and agents at all times to abide by and observe the same; (v) file all necessary
reports and other documents, whether mandatory or permissible, with all applicable governmental authorities to properly establish and serve notice of Contractor’s sole and exclusive responsibility for the Work performed hereunder and for the
health and safety of its employees and agents, as well as such reports or documents required by such authorities to continue and evidence Contractor’s aforesaid responsibility throughout the term of this Agreement, and provide Owner with a copy
of such reports and documents concurrently with submittal to such governmental authorities; (vi) provide safety training to its employees as required by all applicable federal, state and local laws, rules and regulations and in accordance with
such standards and criteria as Owner may establish for employees of Contractor engaged in the Work hereunder; (vii) pay for and maintain all private and group life, accidental death and dismemberment, health, sickness, and accident insurance
and pension plans for its employees; (viii) pay any other welfare benefit payments required to be paid to, or on behalf of, or for the benefit of, Contractor’s employees, pursuant to any plan document; and (ix) immediately notify
Owner of any accidents involving employees of Contractor or any subcontractor working on the Premises if such accidents are of a serious nature or are likely to become “lost time” accidents, and thereafter, as the same are generated,
provide Owner with all reports, documents, investigation summaries, and other data relating to any such accidents. 
 b. Owner shall have
the right to inspect the records of Contractor at reasonable times to ascertain whether or not Contractor is in compliance with the requirements of subparagraph 24.a. 

  
 12 

 c. If at any time Contractor is not able to satisfy Owner that the wages and benefits of
employees of Contractor or Contractor’s subcontractors have been paid, Owner shall have the right, but not the obligation, to pay the wages and benefits of any such employee directly to or for the employee and to deduct the amount so paid from
the compensation agreed to be paid to Contractor hereunder. It is understood, however, that this provision shall not be construed as a promise on the part of Owner to pay such amounts, and that as to any payments to or for such employees made under
this provision, Owner shall be deemed the agent of Contractor. In no event shall Owner be deemed the employer of Contractor’s employees or agents. 

25. Insurance; Indemnity. 

a. Insurance: Before commencing the Work hereunder, Contractor and all of Contractor’s subcontractors shall obtain, and throughout
the term of this Agreement maintain, at its/their own expense, with state agencies and/or insurance companies authorized to conduct business in the State of Illinois and any other applicable states and that are acceptable by Owner, the following
insurance coverages: 
 (i) Workers’ Compensation Coverage Insurance as required by the laws and regulations of the State of
Illinois and any other applicable states (including state and federal black lung coverage) applicable to and covering employees of Contractor engaged in the performance of the Work under this Agreement. Additionally, for portions of the Work to be
performed in such manner as to require Contractor’s employees to travel or work in a state or states other than Illinois (“Other States”), Contractor additionally shall either (i) provide workers’ compensation
coverage/insurance for such employees as required by the laws and regulations of such Other States, or (ii) if allowed by the laws of such Other States, enter into agreements with such employees wherein such employees agree to be bound by the
laws of Illinois or any other applicable states regardless of the situs of any injury or exposure to occupational pneumoconiosis or other occupational disease. Such agreements shall be filed with the Illinois Workers’ Compensation Commission or
the workers’ compensation authority of any other applicable states. 
 (ii) Employee Injury Coverage / Insurance with minimum
limits of five million dollars ($5,000,000). 
 (iii) Comprehensive General Liability Insurance and Excess (Umbrella) Liability
Insurance with minimum limits totaling five million dollars ($5,000,000) each occurrence, five million dollars ($5,000,000 aggregate), for death, bodily injury and property damage, which shall include coverage for but not be limited to,
independent contractors, products and completed operations, blanket broad form contractual, cross-liability, personal injury liability, broad form property damage, and where an exposure exists, the explosion, collapse and underground (XCU) hazard
exclusions must be deleted. 
 (iv) Pollution coverage with minimum limits of five million dollars ($5,000,000), on a claims made
basis. 

  
 13 

 (v) Automobile Liability Insurance and Excess (Umbrella) Liability Insurance, including
owned, non-owned and hired vehicle coverage with minimum limits totaling five million dollars ($5,000,000) for death, bodily injury and property damage claims. 

Except for the coverage required by subparagraph 25.b(iv) (Pollution), which shall be written only on a “claims made” basis, each of
the above required policies of insurance shall be written on an “occurrence” basis unless the policy is available only on a “claims made” basis, in which case such “claims made” insurance coverage shall be maintained in
effect for a period of at least five (5) years after the termination of this Agreement, or until final release of Contractor’s environmental reclamation bonds required by any regulatory authority, if any, whichever shall last occur. The
Contractor may, at its sole discretion, insure for direct property damage to its vehicles, mobile equipment, or other physical assets at or about the Premises, and the Contractor will cause its insurers to waive their rights of subrogation against
Owner or Owner’s Indemnified Persons and other persons or entities working on the Premises. Prior to commencing the Work hereunder, Contractor shall provide Owner with copies of the policies of insurance and certificates of workers’
compensation coverage required under this Agreement, which policies shall name Owner as additional insured, along with written assurance of the insurance company or companies that Owner will be advised in writing not less than thirty (30) days
prior to any cancellation of any such insurance. If at any time Contractor shall allow such insurance to lapse, Owner may, at its option, terminate this Agreement forthwith. Contractors’ obligation to maintain insurance under this section shall
not limit or restrict in any way Contractor’s undertaking to protect, indemnify, hold harmless, and defend Owner and Owner’s indemnified persons as set forth in Section 25(b) or any other provision of this Agreement. 

b. Indemnification Agreement. 

(i) General Indemnity. Contractor shall, to the extent permitted by law, indemnify, defend, and save harmless Owner, and Owner’s parent
entities, subsidiaries and affiliates and their respective shareholders, officers, directors, members, managers, employees, agents, successors, assigns and invitees (“Owner’s Indemnified Persons”) from and against any and all claims,
demands, or suits of any kind or nature whatsoever which may be threatened or brought against them (individually or jointly) or in which they may be named a party defendant, in any way arising out of or incident to the performance of this Agreement
or in any way arising out of the use by Contractor of common operational areas or common areas of ingress or egress to operating areas regardless of whether such claims, demands or suits are occasioned by the negligence of Owner or Owner’s
Indemnified Persons. Provided, however, that Contractor shall not be held responsible for claims or suits attributable to the sole negligence of Owner or Owner’s Indemnified Persons. Contractor further agrees to defend, indemnify and hold
harmless Owner and Owner’s Indemnified Persons of and from any and all liabilities, damages, claims, demands, actions, orders, causes of action, proceedings, fines, penalties, taxes, costs and expenses (including without limitation reasonable
attorneys’ and accountants’ fees) of any kind and nature (collectively, “Damages”) that may be suffered or incurred by them, or any of them, resulting from or arising out of any misrepresentation, breach or nonfulfillment of any
covenant, agreement or obligation of Contractor contained in this Agreement. 

  
 14 

 (ii) Claims by Contractor’s Employees. Contractor shall, to the extent permitted by law,
indemnify, defend and save harmless Owner, and Owner’s Indemnified Persons, from an against any and all claims, demands, or suits of any kind or nature whatsoever by any employees of Contractor arising out of or in consequence of
Contractor’s performance under this Agreement including without limitation workers’ compensation claims and claims for federal black lung benefits, regardless of whether such claims, demands, or suits are actually or allegedly caused by
the negligence of Owner or Owner’s Indemnified Persons, or any other person or entity and regardless of whether such negligence precedes the execution of this Agreement. 

(iii) Responsibility for Contractor’s Property and Equipment. Contractor releases Owner, and Owner’s Indemnified Persons from
liability for damage to any of its material, machinery, equipment or other property regardless of whether such damage is caused by the negligence of Owner, Owner’s Indemnified Persons or any other person. 

(iv) Defense of Claims. If any action or proceeding is brought by reason of any claim described in this paragraph 25, Contractor will
promptly notify Owner of such claim and will indemnify and hold harmless Owner for the defense of such action or proceeding (and defend Owner, at Owner’s sole election), and satisfy any order, judgment or settlement resulting therefrom. 

(v) Survival. These covenants of indemnity shall survive the cancellation, termination or expiration of this Agreement. 

26. [RESERVED] 

27. Notice to the Parties. The giving of any notice to, or the making of any demand on, Contractor under the provisions herein shall be
sufficient if made in writing, addressed to Contractor at: 
 M-Class Mining, LLC 

Attention: President 
 430 Harper
Park Drive, Suite B 
 Beckley, West Virginia 25801 

or such other address as Contractor may hereafter in writing designate, and mailed postpaid, certified, return receipt requested, United States mail. The
giving of any notice to, or the making of any demand on, Owner under the provisions herein shall be sufficient if made in writing, addressed to Owner at: 

Sugar Camp Energy, LLC 

Attention: Michael J. Beyer 

Metropolitan Square Building 
 211
North Broadway, Suite 2600 
 St. Louis, Missouri 63102 

  
 15 

 With a copy (not constituting notice) to: 

Brian A. Glasser, Esq. 

Bailey & Glasser, LLP 

209 Capitol Street 
 Charleston,
West Virginia 25301 
 or such other address as Owner may hereafter in writing designate, and mailed postpaid, certified, return receipt requested, United
States mail. 
 28. Acquisition of Additional Rights. If any surface right or other right or privilege not owned by Owner is
necessary or desirable for the mining and removal of the coal contained in the Premises, Owner shall be under no obligation whatsoever to acquire the same, but Contractor may acquire the same at its own expense. Contractor shall notify Owner of such
acquisition before or within thirty (30) days after such acquisition. Owner shall have the right and option at any time thereafter while this Agreement remains in effect, or within one (1) year after the termination hereof, to purchase
from Contractor, at its then current fair market value, any such surface right or other right or privilege acquired by Contractor as aforesaid. If any such right or privilege is purchased by Owner prior to the termination of this Agreement, the same
shall thereupon be deemed to be a part of the Premises herein contracted by Owner to Contractor and shall be subject to all provisions of this Agreement and without payment of consideration other than as herein specified. 

29. Non-Discrimination. Contractor agrees not to discriminate against any employee or applicant for employment to be used in the
performance of the obligations of Contractor under this Agreement because of race, color, religion, sex, ancestry, age, national origin or disability (as the same is defined in The Americans With Disabilities Act of 1990, 42 USC § 12101-13
(West Supp. 1991) and any regulation promulgated thereunder) or any other unlawful basis. The Contractor agrees to comply with all of the provisions of Executive Order 11246, as heretofore amended by Executive Order 11375 and Executive Order 12086,
and any subsequent amendments, and with the relevant rules, regulations, and orders of the Secretary of Labor. Contractor shall execute such certifications of its compliance with the requirements of this paragraph as Owner may from time to time
require, which certifications shall become a part of this Agreement as if fully set forth herein. 
 30. Survival Clause; No Waiver.

 a. Notwithstanding any termination of this Agreement, any obligation by either party hereto which, by its terms has or may have
application after the termination of this Agreement and has not been fully observed or performed shall survive such termination. 
 b. The
failure of either Owner or Contractor to enforce any specific breach by the other of this Agreement or portion of this Agreement shall not be deemed to be a waiver of any subsequent breach thereof, or of any other cause of cancellation or
forfeiture, whatever or however occurring. The termination of this Agreement shall not invalidate or terminate any of the indemnities, warranties, or representations of this Agreement. 

  
 16 

 31. No Third Party Beneficiaries. The covenants, conditions, and terms of this Agreement
shall be for the sole and exclusive benefit of the parties hereto and their respective permitted successors and assigns to the exclusion of the rights of any third-party beneficiaries. 

32. Nonassignment. Contractor shall not, voluntarily or by operation of law, assign, pledge, or subcontract this Agreement or any part
of this Agreement, or the Work to be performed hereunder, without the prior written consent of Owner. The parties hereto expressly recognize this Agreement to be a “Personal Services Agreement,” and Owner relies expressly on the personal
abilities of Contractor. Any whole or partial sale of stock or assets of Contractor shall be deemed an assignment hereunder, and Owner may terminate this Agreement immediately at its option upon any such assignment or sale, or attempted assignment
or sale of stock or assets of Contractor or upon the subcontracting of this Agreement or any portion thereof; provided, however, if Contractor is responsible for the transportation of coal under this Agreement, nothing contained in this paragraph
shall prevent or prohibit Contractor from subcontracting in the usual way the transportation of coal hereunder. In the event Owner consents to one or more assignments or subcontracts pertaining to this Agreement, such consent shall not be construed
as waiving the requirements of obtaining written consent to additional assignments or subcontracts pertaining to this Agreement, nor shall any consent to assignment or subcontract relieve Contractor of any of its obligations made hereunder or
herewith. 
 33. Terminations and Default. 

a. If at any time either Contractor or Owner shall be in default or breach of any term, covenant, obligation, or condition of this Agreement,
the non-defaulting party may give the defaulting party written notice of the condition of breach and demand that it be cured or corrected. If not cured or corrected in accordance with the non-defaulting party’s notice within five (5) days
after notice is sent, or if either party, in the sole opinion of the other party, becomes insolvent or is adjudicated bankrupt, whether voluntary or involuntary proceedings, or if any receiver, trustee or other person or persons be appointed by any
court to take charge of said party’s assets, the party not insolvent or bankrupt may declare this Agreement immediately terminated and all rights of the insolvent or bankrupt party hereunder shall, at the election of the party not insolvent or
bankrupt, immediately terminate and be forfeited. Owner shall have the unilateral right to terminate this Agreement immediately by giving written notice thereof to Contractor if Contractor causes, suffers or is the target of any work or labor
disruption, labor unrest, strike or other such activity or event, in, on or about the Premises. 
 b. (i) Upon termination of this
Agreement for any reason, Contractor shall have an additional period of thirty (30) days in which to remove its owned or leased mobile equipment, and if it shall not have removed the same within such period, then all such equipment shall become
the property of Owner. 
 (ii) Upon termination of this Agreement for any reason, all mining fixtures shall remain a part of and installed
on the Mine Premises; provided, however, upon termination of this Agreement due to the exhaustion of all minable and merchantable coal contained in the Premises, Contractor shall recover all usable fixtures as it retreats from the Mine

  
 17 

 
and bring such items to the Mine surface area as directed by Owner. For purposes of this paragraph, “fixtures” shall include, but not be limited to, installed timbers, crib blocks,
block stoppings, brattice and line curtains, track, overcasts, man doors, trolley lines, power lines, water lines, stoppings, roof bolts, belt, belt structure, belt drive deluge systems, fire protection system, sensors, sensor line, mine phones,
phone lines, and any other equipment that is not mobile. 
 c. Remedies for holding over 

(i) In the event that Contractor remains on the Premises after the term of this Agreement, or after Owner has declared a termination, or
without the express written consent of Owner, then Owner may by any peaceful means and at any time, enter and take possession and control of the Premises without demand or notice to Contractor. 

(ii) In the event that Contractor remains on the Premises after the term of this Agreement, without the express written consent of Owner, or
after Owner has declared a termination, then Owner, in addition to any other remedies provided for in this Agreement, or at law or in equity, may seek a writ of forcible entry under applicable law; provided, however, that the parties specifically
agree that under no circumstances of law or fact shall the relationship of Owner and Contractor be, or be presumed to be, that of landlord and tenant. 

34. Governing Law. This Agreement shall be governed by the laws of the State of Delaware without regard to its conflict of law
provisions. 
 35. Forum Selection. In the event that either party to this agreement files any action, proceeding, or counterclaim
against the other on any matter whatsoever arising out of or in any way connected with this agreement or the parties’ performance hereunder, or any claim of damage resulting from any act or omission of the parties, the parties hereby consent to
the exclusive jurisdiction and venue of state or federal courts of appropriate jurisdiction sitting in Wilmington, Delaware or the United States District Court for the District of Delaware, Wilmington Division, and any appellate courts therefrom.

 36. Binding Effect. This Agreement shall inure to the sole and exclusive benefit of and be of full and binding effect upon the
parties hereto and their respective successors and assigns, subject to the herein numerical paragraph 32. 
 37. Severability. If any
provision of this Agreement or the application thereof to any person or circumstances is held invalid, the remainder of this Agreement shall not be affected thereby, but shall remain in full force and effect. 

38. [RESERVED] 

39. Confidentiality of Information. Contractor acknowledges that execution and performance of this Agreement will generate or provide
Contractor with access to specialized information or trade secrets of a confidential nature pertaining to Owner and its business. Contractor agrees that it shall treat all maps, data, reports, drilling logs, core samples and other information
relating to the Premises or Owner’s business as confidential and it shall not divulge, 

  
 18 

 
transmit or otherwise disclose any such information received. Contractor expressly agrees that all work product, information or data in any form generated in connection with the services
performed under this Agreement, and all component parts thereof, shall be and remain the exclusive property of Owner. Contractor acknowledges that it cannot use any such work product, information or data in any manner that is unrelated to the
performance of its services under this Agreement, without Owner’s express prior written consent. 
 40. Prior Agreement. This
Agreement cancels and supersedes any prior agreements between the parties hereto covering the subject matter contained in this Agreement. 

41. Headings. Paragraph headings or titles used in this Agreement are for convenience of reference only and shall not affect the
construction of any paragraph herein. 
 42. Waiver of Jury Trial. Notwithstanding the provisions set forth in subparagraph 30.b of
this Agreement, to the extent permitted by law, THE PARTIES TO THIS AGREEMENT AGREE TO, AND DO HEREBY WAIVE TRIAL BY JURY IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM BROUGHT BY EITHER OF THE PARTIES AGAINST THE OTHER ON ANY MATTER WHATSOEVER
ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS AGREEMENT OR THE PARTIES’ PERFORMANCE HEREUNDER, OR ANY CLAIM OF DAMAGE RESULTING FROM ANY ACT OR OMISSION OF THE PARTIES, OR EITHER OF THEM, IN ANY WAY CONNECTED WITH THIS AGREEMENT. 

43. Limitation on Liability. Notwithstanding any other provision of this Agreement, Owner shall not be liable to Contractor for any
consequential, incidental, punitive, exemplary or indirect damages, lost profits or other business interruption damages, by statute, in tort, contract or otherwise. 

44. Legal Capacity. Contractor hereby affirms that it has full legal power, capacity and authorization to effectuate and perform
this Agreement, and that it is a valid business entity duly organized and existing by virtue of the laws of the state of its formation. 

45. Entire Agreement. This writing is intended by the parties to be the final, complete and exclusive statement of their agreement
about the matters covered herein. THERE ARE NO ORAL UNDERSTANDINGS, REPRESENTATIONS OR WARRANTIES AFFECTING IT. All Exhibits hereto are incorporated herein and are an integral part of this Agreement. No officer or representative of either party
shall have the authority to subsequently change this Agreement, either orally or by course of conduct, and any subsequent change in this Agreement shall not be valid unless the same be in writing and duly executed by each of the parties hereto. 

46. Interpretation. Owner and Contractor acknowledge that they have each fully read and reviewed this entire Agreement, and have
discussed the same with the other, and have had the benefit of their separate legal counsel, and by executing such Agreement fully agree with all provisions herein contained. Both parties further agree that this Agreement shall be construed as
mutually drafted, and shall not be construed against one party or the other as drafter of the Agreement. 
 [Signature Page Follows]

  
 19 

 IN WITNESS WHEREOF, the Owner and Contractor have caused this writing to be signed in their
respective corporate names by their respective duly authorized officers, in duplicate, and each represents and warrants that the signer has proper authority to enter into this Agreement on behalf of Owner and Contractor, respectively, all as of the
date and year first written above. 
  

			
	SUGAR CAMP ENERGY, LLC
	
	By its Sole Member, Foresight Energy LLC
		
	By:	 	 /s/ Michael J. Beyer

		 	Michael J. Beyer
		 	Its: CEO
	
	M-CLASS MINING, LLC
	
	By its Sole Member, Coal Field Transports, Inc.
		
	By:	 	 /s/ David Jude

		 	David Jude
		 	Its: President

  
 20 

 EXHIBIT A 

MAP SHOWING PREMISES 

  
 21 

 EXHIBIT B 
  

	B.01	QUANTITY: 

 Beginning on the date hereof, and continuing during the term of this
Agreement, Contractor agrees to diligently mine coal from the Premises, after taking into consideration mining conditions, the safety of Contractor’s employees and other provisions of this Agreement, and to make delivery of the same to Owner at
the Delivery Point hereinafter designated. 
  

	B.02	PAYMENT: 

 Owner will pay Contractor for the Work to be performed under this
Agreement an amount equal to the sum of (a) the Cost of the Work, (b) plus one cent ($.01) for each ton of clean coal mined by Contractor hereunder (“Tonnage Payment”). Contractor’s Tonnage Payment shall be calculated on the
number of clean tons for which Owner is paid by a purchaser of the coal, as shown by copies of invoices supplied by Owner to Contractor. Owner shall be entitled to redact any information from such invoices that is not necessary for Contractor to
verify the tonnages upon which Contractor’s payments are based, including without limitation any information regarding the price Owner receives for the coal or the terms of its sale. 

 

	B.03	COST OF THE WORK: 

 (1) The term “Cost of the Work” shall mean any and
all costs reasonably and necessarily incurred by the Contractor in the performance of the Work and actually paid by the Contractor. 
 (2)
Elements of any employee-related Cost of the Work shall be paid within three (3) days after Contractor submits to Owner a payroll invoice, which invoice shall be submitted no less than three (3) days before each designated employee payday.

 (3) All other Cost of the Work and the Tonnage Payment shall be paid on the 10th day
of each calendar month for the Cost of the Work incurred and the applicable Tonnage Payment due for the coal sold by Owner (based upon the proper tonnages set forth in Owner’s invoices to the purchasers of such coal) from the 16th day through the last day of the prior calendar month and on the 25th day of each calendar month for such coal sold by Owner (based upon the
proper tonnages set forth in Owner’s invoices to the purchasers of such coal processed and loaded through the Facility) from the 1st day through the 15th day of that same calendar month. Contractor shall submit proper invoices and other appropriate documentation as reasonably requested by Owner to Owner on the 15th and last day of the month to document these other Cost of the Work. 
  

	B.04	[RESERVED] 

  
 22 

	B.05	DELIVERY POINT: 

 Contractor and Owner shall designate a mutually agreeable
location in writing for Contractor to place the coal mined hereunder. 

  
 23 

 EXHIBIT C 

NONE 

  
 24 

 EXHIBIT D 

OWNER’S EQUIPMENT TO BE USED BY CONTRACTOR 
  

	I.	Specific Equipment to be Used by Contractor and Provided by Owner for the Duration of the Agreement: 

All mine infrastructure or fixtures as defined in paragraph 33(b)(ii) as well as mobile, nonmobile and semi-mobile equipment
now or hereafter existing in the mine Premises, unless the parties have agreed in writing, pursuant to the provisions of paragraph 20 of this Agreement, that any such property is owned by Contractor. 

 

	II.	Nonspecific Temporary Equipment: 

 It is contemplated by the
parties that, from time to time, Owner will furnish to Contractor, for temporary use, such equipment as Owner has available and Contractor requests. The parties agree that during times when such equipment is being furnished by Owner and used by
Contractor, the provisions of Paragraph 20 shall apply. 

  
 25EX-10.78

 Exhibit 10.78 

AMENDED AND RESTATED COAL PROCESSING 

AND REFUSE DISPOSAL AGREEMENT 

This AMENDED AND RESTATED COAL PROCESSING AND REFUSE DISPOSAL AGREEMENT (“Amended Agreement” or “Agreement”) is
entered into as of October 1, 2011 and is by and between HILLSBORO ENERGY LLC, a Delaware limited liability company (“Operator”); and PATTON MINING LLC, a Delaware limited liability company (“Contractor”). 

RECITALS 
 A.
Artemis Energy LLC and Patton Processing, LLC entered into that certain Coal Processing and Refuse Disposal Agreement dated January 1, 2009 (“Coal Processing Agreement”); thereafter Artemis Energy LLC merged into Operator on or around
August 3, 2009; thereafter Patton Processing, LLC merged into Contractor on or around December 22, 2009; now Operator (as the successor and/or assignee of Artemis Energy LLC) and Contractor (as the successor and/or assignee of Patton
Processing, LLC) desire to amend in part and restate in its entirety the Coal Processing Agreement in this Amended Agreement. 
 B. Operator
currently owns and/or operates or otherwise has the right to possess and operate a coal processing and loading facility (“Facility,” and “Facility,” as used herein, includes without limitation the preparation plant, the raw coal
beltline(s), all coal stockpiles and the Refuse Area(s) as defined or explained in this Agreement), in, on or about the Premises (as hereafter defined) located on certain property in Montgomery County, Illinois, which such property is shown on the
map attached hereto as Exhibit A (such property hereafter referred to as “Premises”). 
 C. Operator desires to retain and engage
Contractor to (i) operate and manage the Facility currently subject to various permits, licenses and/or identification numbers of which Contractor is aware and familiar with (collectively “Permits”); (ii) operate and maintain the
beltline(s) transporting raw coal into the preparation plant; (iii) wash and process raw coal at and through the Facility; (iv) if requested by Operator, blend coal produced from the mine(s) incident to the Facility with such other coal as
may be delivered to the Facility; (v) dispose, stockpile, handle, treat, and/or store, as appropriate and in a lawful manner, all coal refuse, slurry and rejects generated at the Facility (collectively “Refuse”) at the designated
refuse area(s) described in the Permits governing the Facility (“Refuse Area(s)”); and (vi) store, prepare, treat, manage and load certain quantities of Operator’s coal through the Facility, all in accordance with the terms and
conditions of this Agreement. 

  
 1 

 WITNESSETH: 

For and in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto agree as follows: 
 1.0 Designation of Services and Responsibilities: 

1.1 Operator shall be responsible for delivering, at its own expense, the raw coal it desires to have processed and/or blended to the raw coal
beltline at the Facility. 
 1.2 Contractor shall be responsible for operating, maintaining and managing the Facility for cleaning and
processing the raw coal; for operating and maintaining the beltline(s) for transporting raw coal into the preparation plant; for stockpiling the raw and the clean or processed coal at the Facility as necessary; if requested by Operator, for blending
coal produced from the mine(s) incident to the Facility with such other coal as may be delivered to the Facility in accordance with Operators specifications from time to time; and for disposing, stockpiling, handling, treating, and/or storing, as
appropriate and in a lawful manner, the Refuse at the Refuse Area(s) All of Contractors duties and obligations hereunder are collectively referred to as the “Services.” 

1.3 Contractor agrees to perform the Services in a skilled, competent and efficient manner through the use of adequate, diligent and skillful
management and labor for the purpose of ensuring that Operator’s coal is washed, handled, processed, treated and loaded through and at the Facility consistently and in conformity with generally accepted industry standards applicable to a coal
processing and loading facility and refuse disposal area of the type and condition of the Facility and the refuse Area(s). Unless otherwise specified by Operator, Contractor will promptly store, wash and process the coal delivered by Operator in
accordance with specifications as directed by Operator, and Contractor shall be responsible for the proper, efficient and lawful handling, treatment and disposal of the Refuse and the operation, treatment and management of the Refuse Area(s).
Contractor shall provide sufficient separate stockpile areas at the Facility for raw coal and clean coal. Operator shall be entitled to have its representatives present during all phases of the Services. Operator shall be entitled to have
representatives present on the Premises and in, on and about the Facility and may take samples of Operator’s coal at any time and wherever it is located on the Facility, all at Operator’s cost. 

1.4 If directed by Operator, Contractor shall treat the coal with a freezeproofing agent designed to prevent the coal from becoming
non-dischargeable from trucks, railroad cars or barges. 
 1.5 Contractor shall operate and maintain the raw coal beltline(s) in such a
manner as to ensure continuous and uninterrupted use with a minimum of downtime. 
 1.6 Contractor shall be an independent contractor in all
its activities and obligations hereunder and in the performance of the Services and shall forthwith commence the Services and shall furnish, except as otherwise agreed in writing by the parties or provided herein, all labor, management, equipment,
materials, supplies, tools and services to fully satisfy its obligations and duties as specified herein and to satisfactorily perform the Services. Contractor represents to Operator the following: that it has made an independent examination of the
entire Facility and the Premises (and the design thereof and of each component part thereof including without limitation the beltline(s), the preparation plant, the coal storage areas and the Refuse Area(s); that it has determined it can perform the
Services in a skilled, proper, lawful and 

  
 2 

 
efficient manner; that it is familiar with the physical condition of the Facility; and that it has the personnel, skills, expertise, training and experience necessary to carry out and perform the
Services. 
 1.7 Contractor agrees to operate the Facility as scheduled by Operator. Contractor shall be responsible for providing all
personnel necessary for maintaining and repairing the Facility and all its equipment, parts and components to assure continuous and uninterrupted clean coal processing and handling and Refuse disposal and handling with a minimum of down time.
Contractor shall schedule its work and repairs so as to minimize any down time, and shall schedule such down time only after approval by Operator’s representative. 

1.8 Contractor shall dispose, treat, handle, stockpile or store all Refuse in the Refuse Area(s) described in the Permits and any other
applicable permits that may govern the Facility. 
 1.9 Contractor shall operate the Facility as an independent contractor and in a good and
workmanlike manner consistent with the terms and provisions of this Agreement, but agrees to provide the Services and operate the Facility in a manner which ensures that the quality and quantity of coal product that Operator requires or specifies
will be produced and maintained. 
 1.10 Contractor shall be responsible for keeping the Facility and the Premises in, on or near which the
Facility is situate in a neat, clean and orderly condition, reasonably free of debris and in compliance with all applicable federal, state and local laws, rules and regulations including without limitation those related to health, safety and the
environment. 
 1.11 Operator or its designated agent or representative shall have the right, but not the obligation, to approve all
material purchases of parts, materials, supplies, goods and services to be made by Contractor, and to approve all material maintenance, repairs and replacements to be made or performed by Contractor relating to the Facility other than those in the
ordinary course of business and performing the Services. 
 1.12 At no time shall Contractor have or take title to or have any ownership
interest in any coal processed or handled under this Agreement, in the Refuse and/or in the Refuse Area(s). Contractor shall be liable to Operator for damages for loss or injury to any coal or other merchantable product which could have been avoided
by Contractor’s exercise of due care in the performance of the Services. 
 2.0 Term. 

2.1 The initial term of this Agreement shall be for a period of one (1) year, beginning at 12:01 am on the 1st day of October, 2011 and
ending at midnight on the 30th day of September 2012, and if not sooner terminated as hereafter provided, the term of this Agreement shall thereafter be automatically extended for successive periods of one (1) year each until terminated as
herein below set forth; provided that the term shall be so extended only if at the time of any such extension, Contractor has kept and performed all of the covenants, agreements, promises and conditions herein required to be kept and performed by
it. 

  
 3 

 2.2 In addition to the provisions for expiration set forth in subparagraph 2.1 above and the
parties’ respective rights of termination on default or otherwise, as set forth hereafter in Paragraph 12.0, Operator shall have the unilateral right to terminate this Agreement at any time and for any reason, with or without cause, by giving
not less than thirty (30) days’ prior written notice of termination to Contractor which specifically states the date and time of termination; and Contractor shall have the same unilateral right to terminate by giving not less than thirty
(30) days’ prior written notice to Operator which specifically states the date and time of termination. Operator also shall have the unilateral right to terminate this Agreement immediately by giving written notice thereof to Contractor if
Contractor causes, suffers or is the target of any worker labor disruption, labor unrest, strike or other such activity or event, in, on or about the Facility. 

2.3 Operator shall have the right (i) to cause Contractor to suspend the Services, in whole or in part, in the event, and as often as
such event may occur, Operator is compelled to do so because of fires, floods, or other acts of God, labor disputes, rail car shortages, barge shortages or any other condition beyond Operator’s reasonable control, and (ii) to cause
Contractor to suspend the Services, in whole or in part, in the event, and as often as such event may occur, Operator is unable to sell or use Operator’s coal at a reasonable profit in Operator’s sole judgment. 

2.4 Upon termination of this Agreement for any reason, Contractor shall leave the Premises and the Facility and all its parts and components
in such condition that operation of the Facility by another may begin immediately and shall do all things required by Operator to permit immediate operations by another, including, but not limited to, the transfer or assignment of all applicable
permits and licenses to Operator or its designee. To effectuate these rights and interests, Contractor hereby irrevocably appoints the Operator its true and lawful attorney, with power of substitution, for the Contractor and in the Contractor’s
name, or in the Operator’s name or otherwise, for its use and benefit, to (a) assign, transfer, surrender, cancel, or terminate and take any other action with respect to or otherwise deal with the Federal and State permits and licenses
issued to or held by the Contractor, as fully and completely as if the Operator were the permittee or licensee thereunder, and (b) to make, execute, acknowledge, and file any document or instrument which may be required in or to effectuate such
assignment, transfer, cancellation, termination or other action with respect to such permit or license. The power of attorney granted in this provision shall survive termination of this Agreement and shall survive the liquidation, dissolution,
death, or incapacity of the Contractor. The powers conferred on the Operator by this provision are solely to protect its interests and shall not impose any duties upon the Operator to exercise any such powers. Contractor agrees to execute and
deliver to the Operator an instrument in recordable form, as provided for in applicable law, to effectuate the purposes of this provision. 

2.5 NOTWITHSTANING ANYTHING CONTAINED IN THIS AGREEMENT TO THE CONTRARY, OPERATOR MAKES NO REPRESENTATIONS, COVENANTS, OR WARRANTIES,
EXPRESSED, IMPLIED OR OTHERWISE, TO THE CONTRACTOR REGARDING THE QUANTITY OR QUALITY OF COAL TO BE PROCESSED AND/OR HANDLED AND/OR REFUSE TO BE GENERATED, HANDLED, TREATED AND STORED AT THE FACILITY OR THE DURATION OR CONTINUANCE OF THIS AGREEMENT.

  
 4 

 3.0 Consideration. As full consideration for the Services of Contractor, Operator shall
pay Contractor the payments as set forth on Exhibit B, which Exhibit is incorporated by reference and made a part of this Agreement The scheduling of all payments due Contractor under this Agreement are set forth on Exhibit
B. 
 4.0 Payments; Weight Upon Which Payments are Calculated. 

4.1 Operator shall at all times have the right to deduct and set off from any payments or other sums due to Contractor by Operator from time
to time hereunder any amounts owed to Operator by Contractor for any reason, as well as (i) any amounts paid by Operator on behalf of Contractor to third parties, or (ii) any amounts which Operator reasonably determines, in its sole
discretion, it may, in the future, be required to pay to third parties or incur itself on behalf of Contractor due to Contractor’s failure to comply with the terms and conditions of this Agreement. 

4.2 Payments made by Operator to Contractor, as described in Exhibit B, shall be deemed to include adequate compensation for any
improvements, repairs, replacements and/or rehabilitations performed by Contractor in and around the Facility during the term of this Agreement (collectively “Enhancements”), and Contractor shall have no right in or to the Enhancements
upon termination of this Agreement, and all Enhancements shall become the property of the Operator immediately upon termination of this Agreement. 

4.3 Contractor shall not be entitled to any payments under this Agreement after the termination of this Agreement except for payments then due
and owing by Operator for Services performed by Contractor up to such termination; provided, however, that if Contractor remains obligated to perform any Services after such termination (for matters such as performing reclamation, providing
insurance coverage, etc.), Contractor shall be required to perform such Services for the consideration paid, or due and owing, during the term of the Agreement. 

4.4 In the event (and as often as such event may occur) that any third party perfects or threatens to perfect a legal right to encumber or to
place a lien upon the coal processed through or stored at the Facility, in whole or in part, the Refuse, the Refuse Area(s) and/or the Premises, in whole or in part, as a result of Contractor’s failure, in whole or in part, to pay such party
any amount to which such party is entitled, or as Contractor may be otherwise legally obligated, Operator, at its sole option and in addition to its other rights and remedies hereunder, does and shall have the right to pay, in whole or in part,
and/or settle with such party directly in order to remove such encumbrance or lien, or to prevent its placement; provided, however, that all such direct payments or settlements by Operator shall be forthwith reimbursed to Operator by Contractor,
Operator reserving the right, at its sole option, to deduct and setoff such direct payment sums and settlements, as and when the same are paid or made, from monies owed to Contractor pursuant to this Agreement and/or other agreements between the
parties hereto, as provided in this Paragraph 4. This Paragraph and/or the payment of such direct payment sums, in whole or in part, or such settlement by Operator is not and shall not be construed as a waiver, alteration or modification of any of
the Contractor’s obligations assumed by it hereunder, nor as a covenant by Operator to perform the same 

  
 5 

 4.5 Contractor shall be paid by Operator for the Services in accordance with attached
Exhibit B, based on the number of tons of processed coal processed and loaded through the Facility on which Operator is paid by the purchasers of such coal. The compensation to Contractor hereunder, while based on the tons of such coal
processed and loaded through the Facility which are sold by Operator to purchasers, is intended to cover and fully compensate Contractor for all the Services, and Contractor expressly represents that it understands and is fully satisfied with such
compensation and its computation. 
 5.0 Compliance with Permits and Applicable Laws. 

5.1 Contractor shall operate and maintain the Facility and Refuse Area(s) and shall perform the Services in accordance with all federal, state
and local laws, rules and regulations, now or hereafter in effect, and the Permits (and any additional permits obtained in the future) to operate the Facility and Refuse Area(s). Unless otherwise agreed, Operator shall obtain and maintain in full
force and effect, at its sole expense, all permits and approvals necessary for Contractor to operate the Facility and Refuse Area(s) under this Agreement. Notwithstanding the foregoing, Contractor agrees to provide such permitting assistance to
Operator as Operator may reasonably request. Contractor shall secure an MSHA Identification Number prior to entering the Premises and/or Facility to perform the Services. Contractor shall file all necessary reports or other documents, whether
mandatory or permissible, with the applicable governmental or other officer in order to properly establish and serve notice of Contractors sole and exclusive responsibility for the health and safety of its employees, agents and permitted
subcontractors and responsibility for compliance with such laws, rules and regulations during the term of this Agreement 
 5.2 Contractor
shall at all times comply with all applicable federal, state and local laws (including, but not limited to, the Federal Mine Safety and Health Act of 1977, as amended), ordinances, rules, regulations, codes and orders relating to the Services and/or
applicable to the Facility and the Premises and with the safety policies, rules and regulations of Operator. 
 5.3 Contractor shall
implement a drug testing policy applicable to all of Contractor’s employees, agents, and subcontractors performing work or activities under this Agreement or who enter upon the Facility and/or the Premises in connection with this Agreement,
which policy shall comply with all state, federal and local laws, ordinances, rules and regulations and shall be satisfactory to Operator. 

6.0 Relationship of Parties. 

6.1 Contractor shall perform the Services according to its own manner and methods not inconsistent with the provisions hereof. Subject to the
right of Operator to specify what constitutes satisfactory performance on the part of Contractor under this Agreement, and subject to the specific agreements and obligations of the Contractor contained herein, Operator shall not exercise, or have
any right to exercise, any direction, control or supervision over Contractor, or the manner or means of Contractor’s performance of the Services. Nothing herein shall be construed as creating a single enterprise, joint venture, agency,
partnership or 

  
 6 

 
employment relationship between Operator and Contractor or any of the Contractor’s employees or agents. Contractor shall not be an agent or representative of the Operator, and shall not have
any authority to act for the Operator or to bind, or attempt to bind Operator in or under any contract or agreement or to otherwise obligate the Operator. 

6.2 At all times during the term of this Agreement, Contractor is and shall be an independent contractor and not an employee or agent of
Operator, and all employees, agents, and permitted subcontractors of Contractor employed to perform work or activities pursuant to this Agreement shall be considered to be employees, agents, and subcontractors of Contractor and at no time shall the
employees, agents, and permitted subcontractors of Contractor be considered to be employees, agents or subcontractors of Operator. 
 6.3
Contractor, solely and exclusively, shall employ, direct, supervise, discharge and fix the compensation and the working conditions and practices of its employees, shall be solely responsible for their payment and the payment of any
employment-related benefits that Contractor may choose to provide to its employees, and shall comply with all laws pertaining to payment and treatment of employees; and Contractor either shall provide Operator a copy of any bond posted with respect
to Contractor’s employees or their compensation as required by law, or give assurance that such bond is not required. 
 7.0 Fines
and Penalties. Contractor shall be responsible and solely liable for the payment of any assessments, penalties, or other fines imposed by any federal, state, or local agency or authority; for any violation of any federal, state, or local law or
regulation arising out of Contractor’s performance of the Services; and for the proper and lawful abatement of any violation, citation or order issued by any federal, state or local agency or authority. Contractor shall provide Operator with a
copy of each such violation, order or citation immediately upon receipt and fully inform Operator of the circumstances surrounding such issuance. If Contractor fails to resolve, pay or settle any claim for fines and penalties within a reasonable
time, Operator may pay, compromise or settle any such claim without the approval of the Contractor but the Contractor shall immediately reimburse or pay Operator the amount of any such payment, compromise or settlement. 

8.0 Workers’ Compensation. Contractor shall at all applicable times under this Agreement become and remain a subscriber to the
Workers’ Compensation Fund of Illinois, or comply with the requirements of any other applicable state where work under this Agreement is performed, or otherwise provide appropriate workers’ compensation coverage for its employees under an
insurance program, policy or coverage authorized and approved by the Insurance Commissioner of Illinois or any other applicable state;1 shall maintain insurance for, or otherwise guarantee, the
payment of federal black lung benefits to its employees in accordance with applicable laws; and shall conduct its operations in full compliance with the Fair Labor Standards Act, the Walsh-Healy Act, and all other applicable state and federal laws
and regulations and shall certify to Operator on a quarterly basis compliance therewith in connection 
  

	1 	 Contractor’s employees shall include any Owner if Contractor is a sole proprietorship, any partner if Contractor is a partnership, and any
officer or director if Contractor is an association or corporation, if such Owner, partner, officer or director at any time engages in work hereunder that is ordinarily performed by workers and employees required to be covered under Illinois law.

  
 7 

 
with the Services. In connection with the foregoing duty of Contractor to provide Workers’ Compensation Fund coverage and guarantee the payment of federal black lung benefits, Contractor
shall (a) comply with all provisions of Illinois or any other State’s applicable law, as heretofore or hereafter amended, and (b) provide Operator with copies of all required reports filed with any governmental agency, authority or
fund in satisfaction of these obligations, as well as copies of canceled checks, front and back, evidencing payment of said obligations, by the 10th day of the second succeeding month after the
month in which said reports and payments are required to be filed with said funds, authorities or agencies. In addition, Contractor shall furnish to Operator each quarter an updated Certificate of Coverage which evidences that the Contractor is in
good standing with the Illinois Workers’ Compensation Fund or any other applicable and authorized workers’ compensation program. Notwithstanding anything contained in this Agreement to the contrary, Operator, at its sole option, shall have
the right to cancel this Agreement immediately and without prior notice, if Contractor’s obligations contained in this Paragraph are not strictly performed in a timely manner. 

9.0 Responsibility for and Payment of Employees. 

9.1 Contractor, solely and exclusively, shall (i) employ, direct, supervise, discharge, and fix the compensation and working conditions
and practices of its employees; (ii) be solely responsible for their compensation, and comply with all laws pertaining to compensation of employees and the payment of such compensation, including any laws requiring the posting of a bond or
bonds, and provide Operator a copy of any documentation evidencing such compliance; (iii) be solely and exclusively responsible for, and exercise complete control of its employees in all matters, disputes or grievances arising out of or in any
way connected with Contractor’s operations and/or the Services; (iv) establish adequate and proper safety and security rules for the Services and cause its employees and agents at all times to abide by and observe the same; (v) file
all necessary reports and other documents, whether mandatory or permissible, with all applicable governmental authorities to properly establish and serve notice of Contractor’s sole and exclusive responsibility for the Services and for the
health and safety of its employees and agents, as well as such reports or documents required by such authorities to continue and evidence Contractor’s aforesaid responsibility throughout the term of this Agreement, and provide Operator with a
copy of such reports and documents submitted to such governmental authorities; (vi) provide safety training to its employees as required by all applicable federal, state and local laws, rules and regulations and in accordance with such
standards, policies and criteria as Operator may direct; (vii) pay for and maintain all private and group life, accidental death and dismemberment, health, sickness, and accident insurance and pension plans which Contractor provides for its
employees; (viii) pay any other welfare benefit payments required to be paid to, or on behalf of, or for the benefit of, Contractor’s employees, pursuant to any plan document; and (ix) immediately notify Operator of any accident
involving any employee of Contractor or any permitted subcontractor working on the Premises if such accident is of a serious nature or is likely to become a “lost time” accident, and thereafter, as the same are generated, provide Operator
with all reports, documents, investigation summaries, and other data relating to any such accident within thirty (30) days of the incident date and every ninety (90) days thereafter. 

  
 8 

 9.2 Operator shall have the right at any reasonable time, and from time to time, to inspect and
copy the books, accounts and records of Contractor to ascertain whether or not Contractor is in compliance with the requirements of this Paragraph or any other provision of this Agreement or for any other lawful purpose. 

9.3 If at any time Contractor is not able to satisfy Operator that the wages and benefits of employees of Contractor or Contractor’s
permitted subcontractors have been paid, Operator shall have the right, but not the obligation, to pay the wages and benefits of any such employees directly to or for the employees and to deduct the amount so paid from the compensation to be paid to
Contractor hereunder. It is understood, however, that this provision shall not be construed as a promise on the part of Operator to pay such amount, and that as to any payments to or for such employees made under this provision, Operator shall be
deemed the agent of Contractor. In no event and under no circumstance shall Operator be deemed the employer of Contractor’s employees or agents. 

9.4 If any arrangement, however informal and of whatever duration, is made whereby employees of Contractor are used by Operator, those
employees shall, while engaged in such work, be considered employees of both Contractor and Operator. During the course of any such arrangement, said employees shall be considered special employees of Operator while simultaneously maintaining their
general employment relationship with Contractor. Further, Operator may exercise such right of control over the details of the work being performed by said special employees as shall be necessary to complete the task. 

10.0 Indemnity. 
 10.1
General Indemnity. Contractor shall, to the maximum extent permitted by law, indemnify, defend, and save harmless Operator, and Operator’s parent entities, subsidiaries and affiliates and their respective shareholders, officers, directors,
members, managers, employees, agents, successors, assigns, guarantors and invitees (“Operator’s Indemnified Persons”) from and against any and all liabilities, damages, claims, demands, actions, orders, causes of action, proceedings,
fines, penalties, taxes, costs and expenses (including without limitation reasonable attorneys’ and accountants’ fees and expert fees) of any kind or nature whatsoever which may be threatened or brought against Operator’s Indemnified
Persons (individually or jointly) or in which Operator’s Indemnified Persons may be named a party defendant, in any way arising out of or incident to the performance of this Agreement or the Services or in any way arising out of the use or
possession by Contractor of the Facility, the Premises and/or any common operational areas or common areas of ingress or egress to operating areas (collectively, “Damages”) regardless of whether the same are occasioned by the negligence of
Operator or Operator’s Indemnified Persons. Provided, however, that Contractor shall not be held responsible for Damages attributable to the sole and exclusive negligence of Operator or Operator’s Indemnified Persons. Contractor further
agrees to defend, indemnify and hold harmless Operator and Operator’s Indemnified Persons of and from any and all Damages that may be suffered or incurred by them, or any of them, resulting from or arising out of any misrepresentation, breach
or nonfulfillment of any covenant, agreement or obligation of Contractor contained in this Agreement. 

  
 9 

 10.2 Claims by Contractor’s Employees. Contractor shall, to the extent permitted by law,
indemnify, defend and save harmless Operator, and Operator’s Indemnified Persons from and against any and all Damages by any employee(s) of Contractor arising out of or in consequence of Contractor’s performance under this Agreement and/or
of the Services, regardless of whether the Damages are actually or allegedly caused by the negligence of Operator or Operator’s Indemnified Persons, or any other person or entity and regardless of whether such negligence precedes the execution
of this Agreement. 
 10.3 Responsibility for Contractor’s Property and Equipment. Contractor releases Operator, and Operator’s
Indemnified Persons, from liability for damage to or destruction of any of its material, vehicles, tools, supplies, machinery, equipment or other property regardless of the cause thereof and whether such damage is caused by the negligence of
Operator, Operator’s Indemnified Persons or any other person. 
 10.4 Defense of Claims. If any action or proceeding is brought by
reason of any claim described in this Paragraph 10, Contractor will promptly notify Operator of such claim and will indemnify and hold harmless Operator for the defense of such action or proceeding (and defend Operator, at Operator’s sole
election) and satisfy any order, judgment or settlement resulting therefrom. Operator retains the sole and exclusive right to retain its own counsel to represent Operator and all such reasonable attorneys’ fees and costs will be the sole and
exclusive responsibility of Contractor. 
 10.5 Survival. These covenants of indemnity shall survive the cancellation, termination or
expiration of this Agreement. 
 11.0 Insurance. 

11.1 Without limiting Contractor’s undertaking to protect, indemnify, hold harmless, and defend Operator and Operator’s Indemnified
Persons as set forth In Paragraph 10 or any other provision of this Agreement, Contractor agrees to procure and keep in force and effect the insurance coverages listed below with reputable, fully licensed and financially sound insurance carriers
that are acceptable to Operator in the Operator’s sole discretion. Before commencing any of the Services under this Agreement, Contractor shall furnish Operator with certificates of insurance and/or certified copies of the insurance policies
themselves, together with all applicable endorsements attested by a duly authorized representative of the insurance carrier(s), evidencing that the insurance required hereunder is in force and effect and that such insurance will not be reduced,
cancelled or materially changed without giving to Operator at least thirty (30) days’ prior written notice. 
 (a)
Workers’ Compensation and Employer’s Liability Insurance: Contractor and all of its employees, workers, agents, and servants shall comply with all requirements of the worker’s compensation laws of the State of Illinois or any
other state(s) whose workers’ compensation laws may apply to the performance of any work performed under this Agreement and/or the Services. In addition, Contractor shall carry employer’s liability insurance covering all operations and
work hereunder in an amount not less than five million dollars ($5,000,000) per occurrence or such other reasonable amount as Operator may from time to time require during the term of this Agreement. All such employer’s liability insurance
shall expressly provide that all rights of subrogation against Operator are waived. 

  
 10 

 (b) Comprehensive General Liability Insurance and Excess Umbrella Liability Insurance:
Minimum limits of five million dollars ($5,000,000) combined single limit per occurrence and in aggregate for bodily injury, death, disease and property damage. This coverage shall include, but not be limited to, provisions for: 

 

	 	(i)	Premises — operations; 

  

	 	(ii)	Blanket broad form contractual— specifically covering the indemnity obligations in this Agreement; 

  

	 	(iii)	Blanket broad form property damage; 

  

	 	(iv)	Independent contractors; 

  

	 	(iv)	Personal injury; 

  

	 	(v)	Operator named as additional insured; 

  

	 	(vi)	Blanket broad form cross liability endorsement; 

  

	 	(vii)	Products and completed operations; 

  

	 	(ix)	Where exposure exists, explosion, collapse, and underground (XCU) hazard exclusions must be deleted; and 

  

	 	(x)	Waiver by insurer of all payment obligations of Operator for payment of premiums, audits, deductibles, retro-adjustments or any other payment obligation due to the insurer by Contractor 

(c) Environmental Liability (Pollution Coverage): Minimum limits of five million dollars ($5,000,000) combined single limit occurrence
and in aggregate covering both bodily injury, disease, death and/or property damage claims arising from first and/or third party exposures. To the extent such coverage is procured on a claims made basis, Contractor agrees to maintain such coverage
for a minimum of thirty-six (36) months following the expiration or termination of this Agreement or any extension thereof, or alternatively, Contractor agrees to purchase a thirty-six (36) month Extended Reporting Period (ERP) endorsement
from the environmental insurer upon the expiration or termination of this Agreement for any reason. 

  
 11 

 (d) Auto Liability Insurance and Excess (Umbrella) Liability Insurance: Minimum limits of
five million dollars ($5,000,000) combined single limits per Occurrence for death, bodily injury and property damage claims. This coverage shall include, but shall not be limited to, coverage for: 

 

	 	(i)	Owned vehicles; 

  

	 	(ii)	Hired vehicles; 

  

	 	(iii)	Non-owned vehicles; 

  

	 	(iv)	Operator named as additional insured; 

  

	 	(v)	Cross liability endorsement; and 

  

	 	(vi)	Waiver by insurer of all payment obligations of Operator for payment of premiums, audits, deductibles, retro-adjustments or any other payment obligation due the insurer by Contractor 

(e) Additional Insurance: Such additional types and amounts of insurance as may be required by Operator from time to time. 

11.2 The policy or policies providing for the insurance required by this Agreement, and any other policies, shall be endorsed to specifically
include the liability assumed by Contractor under the indemnity provisions of this Agreement. 
 11.3 In addition, such insurance shall
specifically name Operator as an additional insured party and shall be primary to any and all other insurance of Operator with respect to any and all claims and demands which may be made against Operator and its officers, directors, employees and
agents, whether on account of injury, disease or death of any person or persons, damage to or loss of property, violation of law or regulation or otherwise, in any way arising out of, related to or attributed to, directly or indirectly, the
Services. Operator reserves the right to approve the specific endorsement wording granting Operator Additional Insured status on all of the Contractor’s applicable and/or required insurance policies. Such insurance shall specifically provide
that it applies separately to each insured against which claim is made or suit is brought, except with respect to the limits of liability, and shall further provide that all rights of subrogation against Operator are waived. 

12.0 Terminations and Default; Operator’s Right of Inspection. 

12.1 If at any time either Contractor or Operator shall be in default or breach of any term, covenant, obligation, or condition of this
Agreement (“Defaulting Party”), the other party (Non-Defaulting Party) may give the Defaulting Party written notice of the condition of breach and demand that it be cured or corrected. If not cured or corrected in accordance with the
Non-Defaulting Party’s notice within five (5) days after notice is sent, or if either party in the sole opinion of the other party, becomes insolvent or is adjudicated bankrupt, whether through voluntary or involuntary proceedings, or if
any receiver, trustee or other person or persons be appointed by any court to take charge of said party’s assets, the Non-Defaulting Party or the party 

  
 12 

 
not insolvent or bankrupt may declare this Agreement immediately terminated and all rights of the Defaulting Party or the insolvent or bankrupt party hereunder shall, at the election of the
Non-Defaulting Party or the party not insolvent or bankrupt, immediately terminate and be forfeited. This provision shall not limit or otherwise restrict in any way Operator’s or Contractor’s right to terminate this Agreement under
Paragraph 2. 
 12.2 (a) Upon termination of this Agreement for any reason, Contractor shall have an additional period of ten (10) days
in which to remove its owned or leased mobile equipment, and if it shall not have removed the same within such period, then all such equipment shall become the property of Operator and shall be free and clear of all claims and demands of Contractor.

 (b) Upon termination of this Agreement for any reason, all fixtures shall remain a part of and installed on the Facility 

(c) Remedies for holding over: 

(i) In the event that Contractor remains on the Premises after the term of this Agreement or after Operator has declared a termination, or
without the express written consent of Operator, then Operator may by any peaceful means and at any time, enter and take possession and control of the Premises without demand or notice to Contractor; and 

(ii) In the event that Contractor remains on the Premises after the term of this Agreement, without the express written consent of Operator,
or after Operator has declared a termination, then Operator, in addition to any other remedies provided for in this Agreement, or at law or in equity, may seek a writ of forcible entry; provided, however, that the parties specifically agree that
under no circumstances of law or fact shall the relationship of Operator and Contractor be, or be presumed to be, that of landlord and tenant. 

12.3 Operator may make such inspections of the Services as It deems desirable to ensure that they are being performed in accordance with the
obligations of Contractor hereunder Nothing herein shall be construed to mean that any inspection or approval given by Operator or Operator’s representative shall relieve Contractor from any of its obligations hereunder. 

13.0 Force majeure. 

13.1 Operator or Contractor shall be excused from delay or failure to perform any work, services, or other commercial transaction contemplated
hereunder (other than equipment lease, rental, or installment sales payments) or the Services in the event of frustration of purpose, commercial impracticability, or any event of force majeure beyond the reasonable control of either party; provided,
however, that a party claiming force majeure must promptly give to the other party written notice explaining the event claimed to constitute force majeure hereunder and its probable duration and take all commercially reasonable efforts to eliminate
the claimed force majeure as soon as reasonably possible. General statements of an event of force majeure, frustration of purpose, and commercial impracticability shall not be limited by the rule of ejusdem generis. Whether or not
foreseeable, an event of force majeure, frustration of 

  
 13 

 
purpose, and commercial impracticability include, but shall not be limited to: fires, floods, labor disputes, strikes, railcar shortages, barge shortages, acts of God, insurrection and damage to
or breakdown of plants, trucks, or other equipment. A force majeure event shall not limit or suspend Operator’s right to terminate this Agreement under Paragraph 2. 

13.2 Coal which either party may have believed or considered to be mined and delivered to the Facility for processing by Contractor under this
Agreement, but which is delayed, lost, or not mined and delivered due to an event of force majeure, frustration of purpose, or commercial impracticability shall not be made up except by mutual agreement. 

14.0 Engineering Services. Unless otherwise agreed in writing, Contractor agrees to procure and provide at its expense mine maps,
projections, surveying work, and any other engineering work necessary for or incident to the Services. 
 15.0 Books of Account; Right to
Audit. Contractor shall keep, for a minimum period of six (6) years, accurate books, accounts and records reflecting all aspects of its operations hereunder and the Services and any other books, accounts or records reasonably requested by
Operator, and said books, accounts and records shall be open at all reasonable times and from time to time for inspection and copying by Operator or its agents for the purpose of comparing or verifying anything or matter under this Agreement or for
any other lawful purpose. 
 16.0 Taxes, Assessments and Royalty Payments. 

16.1. Operator covenants and agrees: 

(a) to pay all royalties and other payments that may be required pursuant to the rights which Operator has to mine coal and deliver it to the
Facility hereunder; and 
 (b) to pay all severance taxes applicable to the coal mined and delivered to the Facility hereunder; the per ton
reclamation fee or tax which may be required to be paid for such coal under the Surface Mining Control and Reclamation Act of 1977; the fees or taxes required to be paid for such coal under any Illinois or other applicable surface coal mining laws;
and the black lung excise tax imposed on such coal for black lung benefits under the Black Lung Benefits Act of 1977. 
 16.2. Contractor
covenants and agrees: 
 (a) to pay (except as otherwise provided In this Paragraph) all taxes and all other assessed monetary obligations
incident to the Services and to its operations hereunder and in, on or about the Facility and/or the Premises, as well as such property taxes as may be assessed against any property or improvements which it may possess upon the Facility and/or the
Premises, or in connection with its performance under this Agreement or of the Services, and any business and occupation or other taxes, if any, accruing against the Services or Contractor’s income. Contractor shall submit on a quarterly basis
to Operator proof of payment of all taxes or assessments due to any federal, state, or local agency or authority; and 

  
 14 

 (b) to pay all contributions, taxes, and premiums payable under federal, state and local laws,
rules or regulations measured upon the payroll of employees engaged by Contractor in the performance of the Services or of the terms of this Agreement, and all sales, use, excise, transportation, business and occupation, business franchise and
corporate net income tax and other taxes applicable to materials and supplies furnished by the Contractor or related to the Services. 

17.0 Non-Discrimination. Contractor agrees not to discriminate against any employee or applicant for employment to be used in the
performance of the obligations of Contractor under this Agreement or the Services because of race, color, religion, sex, ancestry, age, national origin or disability (as the same is defined in The Americans with Disabilities Act of 1990, 42 USC
§12101-13 (West Supp.1991) and any regulation promulgated thereunder) or any other unlawful basis. The Contractor agrees to comply with all of the provisions of Executive Order 11246, as heretofore amended by Executive Order 11375 and Executive
Order 12086, and any subsequent amendments, and with the relevant rules, regulations, and orders of the Secretary of Labor. Contractor shall execute such certifications of its compliance with the requirements of this Paragraph as Operator may from
time to time require, which certifications shall become a part of this Agreement as if fully set forth herein. 
 18.0 Representations
and Warranties. 
 Each party represents and warrants to the other party as of the date hereof as follows: 

18.1 It has the power to execute this Agreement and any other document relating to this Agreement to which it is a party; to deliver this
Agreement and any other document relating to this Agreement that is required hereunder; and to perform its obligations under this Agreement (and in the case of the Contractor, to perform the Services); it has taken all necessary action to authorize
such execution, delivery and performance; and this Agreement has been, and each other such document will be, duly executed and delivered by it. 

18.2 Such execution, delivery and performance do not and will not violate or conflict with any law applicable to it, or any provision of its
governing documents, and there is no legal impediment to the enforcement or performance of the obligations such party is undertaking pursuant to this Agreement (and in the case of the Contractor, there is no legal impediment to the enforcement or
performance of the Services). 
 18.3 All governmental and other consents that are required to have been obtained with respect to this
Agreement (and in the case of the Contractor, to the Services) have been obtained and are in full force and effect and all conditions of any such consents have been complied with. 

18.4 This Agreement constitutes its legal, valid and binding obligation, enforceable in accordance with its terms (subject to applicable
bankruptcy, reorganization, insolvency, moratorium or similar laws affecting creditors’ rights generally). 
 18.5 There is not pending
or, to its knowledge, threatened against it or any of its parent, subsidiary or affiliated entities any action, suit or proceeding at law or in equity or 

  
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before any court, tribunal, governmental body, agency or official or any arbitrator that may affect the legality, validity or enforceability of this Agreement or its ability to perform its
obligations hereunder (and in the case of the Contractor that may affect the legality, validity or enforceability of its ability to perform the Services). 

19.0 Governing Law. This Agreement shall be governed by the laws of the State of Delaware without regard to any conflict of law
provisions. 
 20.0 Confidentiality of Information. Contractor acknowledges that execution and performance of this Agreement and the
Services will generate or provide Contractor with access to specialized information or trade secrets of a confidential nature pertaining to Operator and its business. Contractor agrees that it shall treat all maps, data, documents, printouts,
specifications, invoices, plans, reports and other information of any type or kind (and notwithstanding the form or format thereof) relating to the Facility, the Premises and/or Operator’s business (“Information”) as confidential, and
it shall not divulge, transmit or otherwise disclose any Information received without Operator’s express prior written consent. Contractor expressly agrees that all work product, information or data in any form or format generated in connection
with the Services, and all component parts thereof, shall be and remain the exclusive property of Operator. Contractor acknowledges that it cannot use any such work product, information or data in any manner that is unrelated to the performance of
the Services, without Operator’s express prior written consent. 
 21.0 Prior Agreement. This Agreement cancels and supersedes
any prior agreements between the parties hereto covering the subject matter contained in this Agreement. 
 22.0 Headings. Paragraph
headings or titles used in this Agreement are for convenience of reference only and shall not affect the construction of any Paragraph herein. 

23.0 Forum Selection. In the event that either party to this Agreement files any action, proceeding, or counterclaim against the other
on any matter whatsoever arising out of or in any way connected with this Agreement or the parties’ performance hereunder, or any claim for Damages resulting from any act or omission of the parties, the parties hereby consent to the exclusive
jurisdiction and venue of state or federal courts of appropriate jurisdiction sitting in Wilmington, Delaware or the United States District Court for the District of Delaware, Wilmington Division, and any appellate courts therefrom. 

24.0 Waiver of Jury Trial. Notwithstanding any other provision of this Agreement, to the maximum extent permitted by law, THE
PARTIES TO THIS AGREEMENT AGREE TO WAIVE, AND DO HEREBY WAIVE, TRIAL BY JURY IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM BROUGHT BY EITHER PARTY AGAINST THE OTHER ON ANY MATTER WHATSOEVER ARISING OUT OF OR IN ANY WAY CONNECTED WITH OR RELATED TO THIS
AGREEMENT OR THE PARTIES’ PERFORMANCE HEREUNDER, OR ANY CLAIM FOR DAMAGES RESULTING FROM ANY ACT OR OMISSION OF THE PARTIES, OR EITHER OF THEM, IN ANY WAY CONNECTED WITH THIS AGREEMENT. 

  
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 25.0 Limitation on Liability. NOTWITHSTANDING ANY OTHER PROVISION OF THIS AGREEMENT,
OPERATOR SHALL NOT BE LIABLE TO CONTRACTOR FOR CONSEQUENTIAL, INCIDENTAL, PUNITIVE, EXEMPLARY OR INDIRECT DAMAGES, LOST PROFITS OR OTRER BUSINESS INTERRUPTION DAMAGES, BY STATUTE OR CONTRACT, IN TORT, OR OTHERWISE. 

26.0 Notice to the Parties. The giving of any notice to, or the making of any demand on, Contractor under the provisions herein shall
be sufficient if made in writing, addressed to Contractor at: 
 Patton Mining LLC 

Attention: President 
 430 Harper
Park Drive, Suite B 
 Beckley, West Virginia 25801 

or such other address(es) as Contractor may hereafter in writing designate, and mailed postpaid, certified, return receipt requested, United States mail. Any
such notice or demand shall be considered to be effective two(2) business days after it is deposited in the United States mail. The giving of any notice to, or the making of any demand on, Operator under the provisions herein shall be sufficient if
made in writing, addressed to Operator at: 
 Hillsboro Energy LLC 

Attention: Michael J. Beyer 

Metropolitan Square Building 
 211
North Broadway, Suite 2600 
 St. Louis, Missouri 63102 

With a copy (not constituting notice) to: 
 Brian
A. Glasser, Esq. 
 Bailey & Glasser, LLP 

209 Capitol Street 
 Charleston,
West Virginia 25301 
 or such other address as Operator may hereafter in writing designate, and mailed postpaid, certified, return receipt requested,
United States mail. Any such notice or demand shall be considered to be effective two (2) business days after it is deposited in the United States mall. 

27.0 Survival Clause; No Waiver. 

27.1 Notwithstanding any termination of this Agreement, any obligation of either party hereto which, by its terms has or may have application
after the termination of this Agreement and has not been fully observed or performed, shall survive such termination. 
 27.2 The failure of
either Operator or Contractor to enforce any specific breach by the other of this Agreement or any portion of this Agreement shall not be deemed to be a waiver of any subsequent breach thereof, or of any other cause of cancellation or forfeiture,
whatever or however occurring. The termination of this Agreement shall not invalidate or terminate any of the indemnities, warranties, or representations of this Agreement. 

  
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 28.0 No Third Party Beneficiaries. The covenants, conditions, and terms of this Agreement
shall be for the sole and exclusive benefit of the parties hereto and their respective permitted successors and assigns and to the exclusion of the rights of any third party beneficiaries. 

29.0 Nonassignment. Contractor shall not, voluntarily or by operation of law, assign, pledge, or subcontract this Agreement or any part
of this Agreement, or the Services, without the prior written consent of Operator which may be withheld for any reason, or no reason. The parties hereto expressly recognize this Agreement to be a “Personal Services Agreement” and Operator
is relying expressly on the personal abilities of Contractor. Any whole or partial sale of the stock or assets of Contractor shall be deemed an assignment hereunder, and Operator may terminate this Agreement immediately at its option upon any such
assignment or sale, or attempted assignment or sale, of such stock or assets of Contractor or upon the assignment, pledge or subcontracting of this Agreement or any portion thereof. In the event Operator consents to one or more assignments, pledges
or subcontracts pertaining to this Agreement, such consent shall not be construed as waiving the requirements of obtaining written consent to additional assignments, pledges or subcontracts pertaining to this Agreement, and any such consent to any
assignment, pledge or subcontract shall not relieve Contractor of any of its obligations made hereunder or herewith. 
 30.0 Binding
Effect. This Agreement shall inure to the sole and exclusive benefit of and be of full and binding effect upon the parties hereto and their respective successors and assigns, subject to the provisions of Paragraph 29. 

31.0 Severability. If any provision of this Agreement or the application thereof to any person or circumstances is held invalid, the
remainder of this Agreement shall not be affected thereby, but shall remain in full force and effect. 
 32.0
[RESERVED] 
 33.0 Entire Agreement. This writing is intended by the parties to be the final, complete and exclusive
statement of their agreement about the matters covered herein. THERE ARE NO ORAL UNDERSTANDINGS, REPRESENTATIONS OR WARRANTIES AFFECTING IT. All Exhibits hereto are incorporated herein and are an integral part of this Agreement. No officer,
employee, agent or representative of either party shall have the authority to subsequently change this Agreement, either orally or by course of conduct, and any subsequent change in this Agreement shall not be valid unless the same is in writing and
duly executed by each of the parties hereto. 
 34.0 Interpretation. Operator and Contractor acknowledge that each has fully read and
reviewed this entire Agreement, has discussed the same with the other, and has had the benefit of separate legal counsel, and by executing this Agreement each fully agrees with all provisions herein contained. Each party further agrees that this
Agreement shall be construed as mutually drafted, and shall not be construed against one party or the other as the drafter or author of this Agreement. 

[Signature Page Follows] 

  
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 IN WITNESS WHEREOF, the Operator and Contractor have caused this writing to be signed in their
respective corporate names by their respective duly authorized officers or persons, in duplicate, and each represents and warrants that the signer has proper authority to enter into this Agreement on behalf of Operator and Contractor, respectively,
all as of the date and year first written above. 
  

			
	HILLSBORO ENERGY LLC
	
	By its Sole Member, Foresight Energy LLC
		
	By:	 	 /s/ Michael J. Beyer

		 	Michael J. Beyer
		 	Its: CEO
	
	PATTON MINING LLC
	
	By its Sole Member, Coal Field Transports, Inc.
		
	By:	 	 /s/ David Jude

		 	David Jude
		 	Its: President

  
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 EXHIBIT A 

(MAP SHOWING PREMISES) 

  
 20 

 EXHIBIT B 
  

	B.01	PAYMENT: 

 Operator will pay Contractor for the work to be performed under this
Agreement an amount equal to the sum of (a) the Cost of Services, (b) plus one cent ($.01) for each ton of processed coal processed and loaded through the Facility. Contractor’s payment shall be calculated on the same number of
processed tons for which Operator is paid by a purchaser of the coal, as shown by copies of invoices supplied by Operator to Contractor. Operator shall be entitled to redact any information from such invoices that is not necessary for Contractor to
verify the tonnages upon which Contractor’s payments are based, including without limitation any information regarding the price Operator receives for the coal or the terms of its sale. 

 

	B.02	COST OF SERVICES 

 (1) The term “Cost of Services” shall mean any and
all costs necessarily and reasonably incurred by the Contractor in performing the Services in accordance with the Agreement. 
 (2) Elements
of any employee-related Cost of Services shall be paid within three (3) days after Contractor submits to Operator a payroll invoice, which invoice shall be submitted no less than three (3) days before each designated employee payday; and,

 (3) All other Cost of Services shall be paid on the 10th day of each calendar month
for the Cost of Services incurred for the processed coal sold by Operator (based upon the proper tonnages set forth in Operator’s invoices to the purchasers of such coal processed and loaded through the Facility) from the 16th day through the last day of the prior calendar month and on the 25th day of each calendar month for the processed coal sold by Operator (based
upon the proper tonnages set forth in Operator’s invoices to the purchasers of such coal processed and loaded through the Facility) from the 1st day through the 15th day of that same calendar month Contractor shall submit proper invoices and other appropriate documentation as reasonably requested by Operator to Operator on the 15th and last day of the month to document these other Cost of Services. 

  
 21

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