Document:

Exhibit

Exhibit 10.2

SEPARATION OF EMPLOYMENT AND GENERAL RELEASE AGREEMENT
THIS SEPARATION OF EMPLOYMENT AND GENERAL RELEASE AGREEMENT (the “Agreement”) by and among CNX Coal Resources GP LLC (the “General Partner”), CONSOL Pennsylvania Coal Company (“CPCC” and, collectively with the General Partner, the “Companies”), CONSOL Energy Inc. (“CEI”) and Lorraine Ritter (hereinafter, the “Employee” or “you”) is effective as of August 2, 2017 (the “Separation Date”).  The Companies, CEI and the Employee are sometimes referred to herein individually as a “Party” and collectively as the “Parties”. 
WHEREAS, the Employee and the General Partner wish to terminate the Employee’s employment with the General Partner, and the Employee and CPCC wish to terminate the Employee’s employment with CPCC, in each case as of the Separation Date, and to set forth in this Agreement the terms of the Employee’s termination of employment with both of the General Partner and CPCC;
NOW, THEREFORE, for good and valuable consideration, the Parties hereto agree as follows: 
		
	1.
	General Release.

(a)The Employee does hereby REMISE, RELEASE AND FOREVER DISCHARGE the Companies and their affiliates, subsidiaries and parents, and their respective officers, directors, employees, and agents, and their respective successors and assigns, heirs, executors, and administrators, as well as the current and former fiduciaries of any pension, welfare, or other benefit plans applicable to the employees or former employees of the Companies, and the current and former welfare and other benefit plans sponsored by the Companies (collectively, “Releasees”) from all causes of action, suits, debts, claims and demands whatsoever in law or in equity, which the Employee ever had, now has, or hereafter may have, whether known or unknown, or which the Employee’s heirs, executors, or administrators may have, by reason of any matter, cause or thing whatsoever, from the beginning of time to the date the Employee signs this Agreement, and particularly, but without limitation of the foregoing general terms, any claims arising from or relating in any way to Employee’s employment relationship with the Companies, the terms and conditions of that employment relationship, including the Severance Agreement (as defined below), and the termination of that employment relationship, including, but not limited to, any claims arising under the Age Discrimination in Employment Act, the Older Workers Benefit Protection Act, Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Worker Readjustment and Retraining Notification Act, the Consolidated Omnibus Budget Reconciliation Act, the Employee Retirement Income Security Act of 1974, the Pennsylvania Human Relations Act, the Pennsylvania Equal Pay Law, the Pennsylvania Whistleblower Law, the Pennsylvania Wage Payment and Collection Law, the Pennsylvania Minimum Wage Law, and any other claims under any federal, state or local common law, statutory, or regulatory provision, now or hereafter recognized, and any claims for attorneys’ fees and costs. This Agreement is effective without regard to the legal nature of the claims raised and without regard to whether any such claims are based upon tort, equity, implied or express contract or discrimination of any sort.

(b)Although Paragraph 1(a) is intended to be a general release, it is understood and agreed that Paragraph 1(a) excludes claims under any statute or common law that the Employee is legally barred from releasing, such as the Employee’s entitlement to vested pension benefits.

(c)Nothing herein is intended to or shall preclude the Employee from filing a charge with the Equal Employment Opportunity Commission (“EEOC”), or similar state or local fair employment 

practices agency and/or cooperating with said agency in its investigation. The Employee, however, explicitly waives any right to file a personal lawsuit or receive monetary damages that any such agency may recover against the Releasees resulting from such charge, without regard as to who brought any said complaint or charge. Employee further agrees that to the extent any relief, including monetary relief, is awarded against the Releasees in favor of Employee in any such proceeding, all amounts paid as consideration by the Companies pursuant to this Agreement shall be a setoff and credit against any such award to the fullest extent permitted by law.

(d)The Employee represents and agrees by signing below that the Employee has not been denied any leave or benefit requested, has received the appropriate pay for all hours worked for the Companies and has no known workplace injuries or occupational diseases.

(e)To the fullest extent permitted by law, the Employee represents and affirms that the Employee has not filed or caused to be filed on the Employee’s behalf any claim for relief covered by the general release in Paragraph 1(a) against any Releasee and, to the best of the Employee’s knowledge and belief, no outstanding claims for relief covered by the general release in Paragraph 1(a) have been filed or asserted against the Companies or any Releasee on the Employee’s behalf.  

2.Consideration.  As a material inducement to enter into this Agreement and in consideration for the release of all claims by the Employee as set forth in Section 1 of this Agreement and the other obligations, covenants and promises made by the Employee herein, the Companies and CEI hereby agree as follows:

(a)The Companies shall make a cash payment to the Employee in the amount of $933,075 minus required deductions, which such amount shall be paid in a one-time lump sum payment following the expiration of the revocation period described in Section 5 below;

(b)Subject to Sections 4 and 5 hereof, all equity award agreements, or any similar agreements, pursuant to which the Employee was granted the right to receive any equity interest in CNX Coal Resources LP (“CNXC”) and/or CEI under the CNXC Long-Term Incentive Plan or the CONSOL Energy Inc. Equity Incentive Plan, respectively (the “Equity Award Agreements”), be, and they hereby are, amended so that the Employee’s continued employment with the Companies on or after the Separation Date shall not be a requirement for the vesting of any unvested equity grants made under such Equity Award Agreements and, as a result, all granted but unvested equity interests in CNXC and/or CEI granted to the Employee shall continue to vest on the vesting schedule established under the Equity Award Agreements or in such other document pursuant to which such equity interests were granted, and the Equity Award Agreements, except as provided above, are fully applicable and enforceable, including the restrictive covenants and related provisions contained therein; 

(c)    If Employee timely elects to continue receiving health benefits under the “COBRA” provisions of the Companies’ or CEI’s, as applicable, group health plans in which you currently participate, the Companies will directly pay the COBRA premiums for you and your eligible dependents’ medical, dental and vision continuation benefits for a period of 36 months commencing on the Separation Date.

3.Voluntary Waiver.  The Companies advise you to consult a lawyer concerning the terms of this Agreement. By signing below, you acknowledge that you have carefully read this Agreement and that you understand the contents of this Agreement.  You further acknowledge that you are executing this Agreement voluntarily and of your own free will in exchange for the consideration described herein, 

which you acknowledge is adequate and satisfactory and in addition to any other benefits to which you are otherwise entitled.   

4.Consideration Period and Deadline to Accept.  After receiving this Agreement from the Companies, you have 21 calendar days to consider this Agreement.  If you have not signed and returned this Agreement to the Companies by the close of business on the 22nd day after you received it, then this offer will be deemed automatically withdrawn (the “Withdrawal Date”).  For purposes of clarity, on such Withdrawal Date, any unvested equity awards under the Equity Award Agreements shall immediately cease to vest, terminate, be cancelled and be of no further force or effect.

5.Revocation Period.   You have seven days from the date you sign this Agreement to revoke this Agreement by advising the General Partner in writing of the revocation, attention Maria Farneth - Human Resources, CNX Coal Resources, 1000 CONSOL Energy Drive, Canonsburg, PA 15317.  If you sign and return this Agreement within the deadline in the previous section and this Agreement is not revoked within seven days after you sign this Agreement, then this Agreement shall become effective on the eighth day following your signing of this Agreement.  For purposes of clarity, if you revoke this Agreement, any unvested equity awards under the Equity Award Agreements shall immediately cease to vest, terminate, be cancelled and be of no further force or effect.

6.Termination of Employment and Change in Control Severance Agreement.  The Employee agrees and recognizes that the Employee’s employment relationship with the Companies has been permanently severed as of the Separation Date and that the Companies have no obligation to employ the Employee in the future. The Employee, the Companies and CEI further agree that, as of the Separation Date, that certain Amended and Restated Change in Control Severance Agreement by and among the Employee, the Companies and CEI, dated as of February 7, 2017 (the “Severance Agreement”), shall be terminated and of no further force and effect, and the Employee, the Companies and CEI shall have no further rights or obligations under the Severance Agreement.  The Employee, the Companies and CEI further agree that the termination of the Employee’s employment with the Companies as set forth herein shall not trigger any obligations, rights or other duties of the Companies and/or CEI under the Severance Agreement, including any obligations to make any payments or provide any other compensation or benefits to the Employee under the Severance Agreement.

7.PTO.  Regardless of whether you sign this agreement, you will be paid for any accrued but unused paid time off (“PTO”) as of the Separation Date which, as of the Separation Date consists of 317 hours of accrued but unused PTO.  

8.Accrued Benefits / No Other Payments.  Signing this Agreement will not affect the following (the “Accrued Benefits”): (a) the payment of any unpaid base pay for the period of time since the Companies’ last payroll date through the Separation Date; or (b) any rights you may have under the Companies’ and/or CEI’s sponsored 401(k) plan, pension plan(s), supplemental retirement plan, Defined Contribution Restoration Plans and/or similar plans and arrangements, if applicable. Except for the Accrued Benefits and the payments and other benefits set forth in Sections 2 and 7 of this Agreement, you agree that you are not entitled to and waive the right to seek any additional payments, benefits, or consideration of any kind from the Companies or any of their affiliated entities. 

9.Non-disparagement. You acknowledge that this is an amicable arrangement and will be portrayed as such in all public statements, whether written or oral, by executive management of the Companies and CEI, and by you.  As such, executive management of the Companies and CEI will be directed to not disparage you, and you will not disparage them or the Companies or CEI.  Additionally, you will 

cooperate with the Companies and CEI in any future matters relating to your past employment.  You agree to be reasonably available to the Companies and CEI for the purpose of responding to requests for information, to provide information, documents, declarations or statements, to meet with attorneys and other representatives, to prepare for and give testimony by deposition or otherwise, and to cooperate in the investigation, defense or prosecution of matters relating to any threatened, present, or future legal actions, investigations or administrative proceedings involving the Companies or CEI.  The Companies or CEI will advance or reimburse your reasonable costs incurred as a result of these obligations.

10.Breach.  You agree that the restrictions in this Agreement are fair, reasonable, and necessary to protect the Companies’ and CEI’s legitimate business interests.  The restrictions in this Agreement are in addition to any restrictions imposed upon you by statute, at common law, or other written agreements, including the Equity Award Agreements.  If you breach this Agreement, you agree that any payments and other benefits set forth in Section 2 of this Agreement will stop (including, without limitation, the vesting of any unvested equity relating to the Equity Award Agreements) and that you will repay to the Companies and/or CEI, as applicable, any payments made pursuant to Section 2 of this Agreement beyond $150, without limiting the Companies’ and/or CEI’s, as applicable, other remedies or impairing the release set forth in Section 1 herein or any other provision in this Agreement.

11.Taxes.  If accepted, the provisions of this Agreement will be interpreted and construed in a manner intended to comply with Section 409A (“Section 409A”) of the Internal Revenue Code of 1986, as amended (the “Code”), the regulations issued thereunder or any exception thereto (or disregarded to the extent such provision cannot be so interpreted, or construed).  For purposes of Section 409A, each payment will be treated as a separate payment.  Each payment under this Agreement is intended to be excepted from Section 409A to the maximum extent provided under Section 409A as follows: (i) each payment that is scheduled to be made after the effective date of the termination of your employment and within the applicable 21⁄2 month period specified in Treas. Reg. § 1.409A-l(b)(4) is intended to be excepted under the short-term deferral exception as specified in Treas. Reg. § 1.409A-l(b)(4); and (ii) each payment that is not otherwise excepted under the short-term deferral exception is intended to be excepted under the separation pay exception as specified in Treas. Reg. § l.409A-1 (b)(9)(iii).  You have no right to designate the date of any payment to be made under this Agreement.  Notwithstanding any provision of this Agreement to the contrary, Section 409A may impose upon you certain taxes or other charges for which you are and will remain solely responsible, and nothing contained in this Agreement will be construed to obligate the Companies or any entity or person affiliated with the Companies for any such taxes or other charges, and in no event will the Companies have any liability to any person, including you, due to the failure of this Agreement or any payment hereunder to satisfy the requirements of Section 409A or any other applicable law.

12.Acknowledgement. The Employee acknowledges that if the Employee does not execute this Agreement, the Employee will not be entitled to the payments and benefits set forth herein. 

13.Entire Agreement. This Agreement and the Equity Award Agreements, as amended by this Agreement, contain the entire agreement between the Companies, CEI and the Employee relating to the subject matter hereof. No prior or contemporaneous oral or written agreements or representations may be offered to alter the terms of this Agreement or any Equity Award Agreement. 

14.Confidentiality. The Employee agrees not to disclose the terms of this Agreement to anyone, except the Employee’s spouse, attorney and, as necessary, tax/financial advisor, or the Internal Revenue Service or other taxing authority, and expressly acknowledges that the Companies may be required to 

disclose the terms of this Agreement and publicly file a copy of this Agreement pursuant to the U.S. securities laws and regulations.  

15.Cooperation.  In consideration for the payments made and other consideration provided to the Employee pursuant to Section 2 of this Agreement, the Employee agrees that she will cooperate with the Companies in the orderly transition of her duties and responsibilities as an employee and, in the case of the General Partner, an officer and employee of the General Partner by, among other things, providing all information reasonably requested by the General Partner in connection with the preparation of CNXC’s filings with the Securities and Exchange Commission (the “SEC”) including CNXC’s Annual Report on Form 10-K for the fiscal year ended December 31, 2017, and providing any other information reasonably requested by the Companies to effectively transition the Employee’s duties and responsibilities. 

16.Corporate Records. The Employee represents that the Employee has returned to the Companies and does not presently have in the Employee’s possession or control any records and business documents, whether on computer or hard copy, and other materials (including but not limited to computer disks and tapes, computer programs and software, office keys, correspondence, files, customer lists, technical information, customer information, pricing information, business strategies and plans, sales records and all copies thereof) (collectively, the “Corporate Records”) provided by the Companies and/or their predecessors, subsidiaries or affiliates or obtained as a result of the Employee’s prior employment with the Companies and/or their predecessors, subsidiaries or affiliates, or created by the Employee while employed by or rendering services to the Companies and/or their predecessors, subsidiaries or affiliates. In addition, the Employee has or will promptly return in good condition any other equipment or property owned by the Companies to the General Partner or CPCC, as applicable, including, but not limited to, automobiles, personal data assistants, facsimile machines, copy machines, pagers, credit cards, cellular telephone equipment, business cards, laptops and computers. At the Employee’s request, the Companies will make reasonable arrangements to transfer cellular phone numbers and personal fax numbers to the Employee.

17.Permitted Disclosures. Nothing in this Agreement shall prohibit or restrict the Employee from: (i) making any disclosure of information required or protected by law; or (ii) initiating communications directly with, cooperating with, providing information to, testifying, participating in, responding to any inquiry from, or otherwise assisting in any investigation or proceeding brought by any federal regulatory or law enforcement agency or legislative body, including but not limited to the SEC, any self-regulatory organization, or the Companies’ designated legal, compliance or human resources officers, relating to a possible violation of any applicable law, rule or regulation.  Further, nothing in this Agreement requires the Employee to notify the Companies of any activity protected by this Section 17, and nothing in this Agreement is intended to or shall prevent, impede or interfere with Employee’s non-waivable right to receive and fully retain a monetary award from a government-administered whistleblower award program for providing information directly to a government agency.

18.Non-admission. The Parties agree and acknowledge that the Agreement described herein, and the release of any asserted or unasserted claims against the Releasees, are not and shall not be construed to be an admission of any violation of any federal, state or local statute or regulation, or of any duty owed by any of the Releasees to the Employee.

19.Injunctive Relief. The Employee further agrees that the Companies shall be entitled to preliminary and permanent injunctive relief, without the necessity of proving actual damages, as well as to an equitable accounting of all earnings, profits and other benefits arising from any violations of this 

Agreement, which rights shall be cumulative and in addition to any other rights or remedies to which the Companies may be entitled.

20.Governing Law. This Agreement and the obligations of the parties hereunder shall be construed, interpreted and enforced in accordance with the laws of the Commonwealth of Pennsylvania.  No modification, termination, or attempted waiver of any of the provisions of this Agreement shall be binding upon the Companies unless reduced to writing and signed by a duly authorized official of the Companies.  Each provision of this Agreement is severable from each other provision of this Agreement. This Agreement shall be construed according to a plain reading of its terms and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision in this Agreement.

21.Limit on Payments by the Companies.

(a)    The provisions of this Section 21 shall apply notwithstanding anything in this Agreement or any other agreement to the contrary. In the event that it shall be determined that any payment or distribution by one or both of the Companies to or for the benefit of the Employee, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise (a “Payment”), would constitute an “excess parachute payment” within the meaning of Section 280G of the Code, the General Partner and/or CPCC, as applicable, will apply a limitation on the Payment amount as set forth below (a “Parachute Cap”) as follows: The aggregate present value of the Payment under Section 2(a) and (b) of this Agreement (“Agreement Payments”) shall be reduced (but not below zero) to the Reduced Amount; provided, however, that any such reduction shall be applied to Agreement Payments that do not constitute deferred compensation and are exempt or otherwise excepted from coverage under Section 409A (but excluding stock options or other stock rights). The “Reduced Amount” shall be an amount expressed in present value which maximizes the aggregate present value of Agreement Payments without causing any Payment to be subject to the limitation of deduction under Section 280G of the Code. For purposes of this Section 21, “present value” shall be determined in accordance with Section 280G(d)(4) of the Code. 
(b)    All determinations to be made under this Section 21 shall be made by the nationally recognized independent public accounting firm used by the Companies at the time such determination must be made (the “Accounting Firm”). Any such determination by the Accounting Firm shall be binding upon the Companies and the Employee.
(c)    All of the fees and expenses of the Accounting Firm in performing the determinations referred to in this Section 21 shall be borne solely by the Companies. 
		
	22.
	Acknowledgement. The Employee certifies and acknowledges as follows:

(a)That Employee has not received and will not receive any tax advice from the Companies or any officer, director, employee, consultant or other representative of the Companies, or any successors to any of the foregoing, regarding the tax consequences, under federal, state, local or other tax law, of the actions and transactions contemplated by this Agreement, including but not limited to Section 409A.  Employee understands and agrees that Employee has been advised to consult with Employee’s own tax advisors with respect to such tax consequences and liabilities;

(b)That the Employee has read the terms of this Agreement, and that the Employee understands its terms and effects, including the fact that the Employee has agreed to RELEASE AND 

FOREVER DISCHARGE the Releasees from any legal action arising out of the Employee’s employment relationship with the Companies and the termination of that employment relationship; and 

(c)That the Employee does not waive rights or claims that may arise after the date this Agreement is executed.

(d)That the Employee is not a medicare beneficiary as of the time Employee enters into this Agreement.  To the extent that Employee is a medicare beneficiary, Employee agrees to contact a Human Resources representative for further instruction.

[SIGNATURE PAGE FOLLOWS]

Intending to be legally bound hereby, the Employee, the Companies and CEI have entered into this Separation of Employment and General Release Agreement effective as of the date set forth above.
	
		
	EMPLOYEE
	 

	/s/      Lorraine Ritter
Lorraine Ritter
	Witness: /s/      Martha Wiegand

	 
	 

	 
	 

	CONSOL ENERGY INC.
	 

	 
	 

	 
	 

	 
	 

	By: /s/      Nick DeIuliis
	Witness: /s/      Mary Stromberg

	Name: Nick DeIuliis
Title: CEO
	 

	 
	 

	 
	 

	CONSOL PENNSYLVANIA COAL COMPANY LLC
	 

	 
	 

	 
	 

	 
	 

	By: /s/      Jimmy A. Brock
	Witness: /s/      Martha Wiegand

	Name: Jimmy Brock
Title: President
	 

	 
	 

	 
	 

	CNX COAL RESOURCES GP LLC
	 

	 
	 

	 
	 

	 
	 

	By: /s/      Jimmy A. Brock
	Witness: /s/      Martha Wiegand

	Name: Jimmy Brock
Title: PresidentExhibit

Exhibit 10.7

Execution Copy

ARCH COAL
FIRST AMENDMENT TO THE
SECOND AMENDED AND RESTATED PURCHASE AND SALE AGREEMENT
THIS FIRST AMENDMENT TO THE SECOND AMENDED AND RESTATED PURCHASE AND SALE AGREEMENT (this “Amendment”), dated as of December 21, 2016, is entered into among each of the parties listed on the signature pages hereto as an Originator (each an “Originator”; and collectively, the “Originators”) and ARCH COAL, INC. (the “Company”).
RECITALS
1.The Company and the Originators are parties to the Second Amended and Restated Purchase and Sale Agreement, dated as of October 5, 2016 (as amended, restated, supplemented or otherwise modified through the date hereof, the “Agreement”).
2.    Effective as of a date after the date hereof and on or prior to December 31, 2016 (such date, the “Reorganization Effective Date”) each of the Originators listed on Exhibit A hereto as a “Subject Originator” (each, a “Subject Originator”) will be converting from a corporation organized in the applicable State set forth on Exhibit A hereto to a limited liability company (each, a “Converted Originator”) organized in such same State (such reorganization with respect to any Subject Originator, a “Subject Reorganization” and collectively, the “Subject Reorganizations”).
3.    In connection with the Subject Reorganizations, the parties hereto desire to amend the Agreement as hereinafter set forth.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
SECTION 1.Certain Defined Terms.  Capitalized terms that are used but not defined herein shall have the meanings set forth in the Agreement.
SECTION 2.    Notice; Consent.
2.1    Notice.  Each Subject Originator hereby provides notice of its intent to perform a Subject Reorganization effective as of the Reorganization Effective Date and requests that each of the parties hereto acknowledge and consent on the date hereto to the occurrence of the Subject Reorganizations on the Reorganization Effective Date.
2.2    Consent.  Subject to terms and conditions set forth in this Amendment, each of the parties hereto hereby: (i) acknowledges such notice set forth in Section 2.1 above, (ii) consents to occurrence of the Subject Reorganizations on the Reorganization Effective Date and (iii) waives any notice requirement with respect to the Subject Reorganizations set forth in the Agreement or any other Transaction Document.

    

Exhibit 10.7

Execution Copy

2.3    Authorization to File Financing Statement.     In connection with the Subject Reorganizations, each of the parties hereto hereby consents to the filing, by or on behalf of the Administrator and at the Originators’ sole expense, on or after the Reorganization Effective Date of the UCC-1 financing statements and UCC-3 financing statement amendments in substantially the forms attached hereto as Exhibit B.
SECTION 3.    Amendments to the Agreement.  The Agreement is hereby amended as of the Reorganization Effective Date as follows:
3.1    Schedule I to the Agreement is hereby replaced in its entirety with Schedule I attached hereto.
3.2    Schedule II to the Agreement is hereby replaced in its entirety with Schedule II attached hereto.
3.3    Schedule IV to the Agreement is hereby replaced in its entirety with Schedule IV attached hereto.
3.4    Schedule V to the Agreement is hereby replaced in its entirety with Schedule V attached hereto.
SECTION 4.    Assumption of Subject Originators’ Obligations.  Each of the Subject Originators hereby covenants and agrees that in connection with the Subject Reorganizations it is transferring and assigning all of its rights, duties, obligations and liabilities under the Agreement and each of the other Transaction Document to which it is a party, to its related Converted Originator and that such related Converted Originator shall effective as of the Reorganization Effective Date (i) assume all of such rights, duties, obligations and liabilities under the Agreement and each of the other Transaction Document to which its related Subject Originator was a party and (ii) become a party to, and have the rights, duties, obligations and liabilities of an Originator under, the Agreement and each of the other Transaction Document to which its related Subject Originator was a party.
SECTION 5.    Representations and Warranties.  Each of the Originators hereby represents and warrants as follows:
(a)    Representations and Warranties.  The representations and warranties made by it in the Transaction Documents are true and correct as of the date hereof (unless stated to relate solely to an earlier date, in which case such representations or warranties were true and correct as of such earlier date).
(b)    Enforceability.      The execution and delivery by such Person of this Amendment, and the performance of each of its obligations under this Amendment and the Agreement, as amended hereby, are within each of its organizational powers and have been duly authorized by all necessary organizational action on its part.  This Amendment and the Agreement, as amended hereby, are such Person’s valid and legally binding obligations, enforceable in accordance with their respective terms.

	
			
	 
	2
	 

    

Exhibit 10.7

Execution Copy

(c)    No Default.  Both before and immediately after giving effect to this Amendment and the transactions contemplated hereby, no Purchase and Sale Termination Event, Unmatured Purchase and Sale Termination Event, Termination Event or Unmatured Termination Event exists or shall exist.
(d)    UCC Details.  The legal names as well as all of the other information set forth on Schedules I, II, IV and V hereto with respect to Converted Originators shall be true and correct immediately after giving effect to the Subject Reorganizations.
SECTION 6.    Effect of Amendment.  All provisions of the Agreement, as expressly amended and modified by this Amendment, shall remain in full force and effect. After this Amendment becomes effective, all references in the Agreement (or in any other Transaction Document) to “this Agreement”, “hereof”, “herein” or words of similar effect referring to the Agreement shall be deemed to be references to the Agreement as amended by this Amendment. This Amendment shall not be deemed, either expressly or impliedly, to waive, amend or supplement any provision of the Agreement other than as set forth herein.
SECTION 7.    Effectiveness.  This Amendment shall become effective as of the date hereof (or with respect to Section 3 hereof, the Reorganization Effective Date) upon receipt by the Administrator of duly executed counterparts of this Amendment by each of the parties hereto in form and substance reasonably satisfactory to the Administrator.
SECTION 8.    Counterparts.  This Amendment may be executed in any number of counterparts and by different parties on separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute but one and the same instrument.  Delivery of an executed counterpart of a signature page to this Amendment by facsimile or electronic transmission shall be effective as delivery of a manually executed counterpart hereof.
SECTION 9.    Governing Law.  This Amendment shall be governed by, and construed in accordance with, the internal laws of the State of New York.
SECTION 10.    Section Headings.  The various headings of this Amendment are included for convenience only and shall not affect the meaning or interpretation of this Amendment, the Agreement or any provision hereof or thereof.
SECTION 11.    Ratification.  After giving effect to this Amendment and the transactions contemplated by this Amendment, all of the provisions of the Performance Guaranty shall remain in full force and effect and the Performance Guarantor hereby ratifies and affirms the Performance Guaranty and acknowledges that (a) the Performance Guaranty has continued and shall continue in full force and effect in accordance with its terms, (b) each of the Subject Originators and each of the Converted Originators shall constitute “Covered Subsidiaries” (under and as defined in the Performance Guaranty) for purposes of the Performance Guaranty and (c) each of the Subject Originators’ and each of the Converted Originators’ obligations under the Agreement shall constitute “Guaranteed Obligations” (under and as defined in the Performance Guaranty) for purposes of the Performance Guaranty.

	
			
	 
	3
	 

    

Exhibit 10.7

Execution Copy

SECTION 12.    Further Assurances.  Each of the Originators and the Company hereby agrees to do, at the joint and several expense of the Originators, all such things and execute all such documents and instruments and authorize and file all such financing statements and financing statement amendments, in each case, as the Administrator or the Company may reasonably consider necessary or desirable to give full effect to the transaction contemplated by this Amendment and the documents, instruments and agreements executed in connection herewith and therewith.
SECTION 13.    Severability.  Each provision of this Amendment shall be severable from every other provision of this Amendment for the purpose of determining the legal enforceability of any provision hereof, and the unenforceability of one or more provisions of this Amendment in one jurisdiction shall not have the effect of rendering such provision or provisions unenforceable in any other jurisdiction.
SECTION 14.    Certain Covenants Regarding Post-Closing Conditions.  
(a)    Secretary Certificate.  On or within ten (10) Business Days following the Reorganization Effective Date (or such later date as may be reasonably agreed by the Administrator in writing), the Company shall deliver (or cause to be delivered) to the Administrator a certificate of the Secretary or Assistant Secretary of each Converted Originator certifying the names and true signatures of the officers authorized on such Person’s behalf to sign the Transaction Documents to be executed and delivered by it on and after the Reorganization Effective Date.
(b)    Organic Documents.  On or within ten (10) Business Days following the Reorganization Effective Date (or such later date as may be reasonably agreed by the Administrator in writing), the Company shall deliver (or cause to be delivered) to the Administrator the certificate or articles of incorporation or other organizational document of each Converted Originator (including all amendments and modifications thereto) duly certified by the Secretary of State of the jurisdiction of such Converted Originator’s organization as of a recent date, together with a copy of the limited liability company agreement of such Converted Originator, each duly certified by the Secretary or an Assistant Secretary of such Converted Originator.
(c)    Good Standing.  On or within ten (10) Business Days following the Reorganization Effective Date (or such later date as may be reasonably agreed by the Administrator in writing), the Company shall deliver (or cause to be delivered) to the Administrator a good standing certificate issued as of a recent date for each Converted Originator by the Secretary of State (or similar official) of the jurisdiction of such Converted Originator’s organization.
(d)    Lien Search.  On or within ten (10) Business Days following the Reorganization Effective Date (or such later date as may be reasonably agreed by the Administrator in writing), the Company shall deliver (or cause to be delivered) to the Administrator a completed UCC search reports, dated the Reorganization Effective Date or later, listing the financing statements filed in all applicable jurisdictions that name each Converted Originator as debtor, together with copies of such other financing statements, 

	
			
	 
	4
	 

    

Exhibit 10.7

Execution Copy

and similar search reports with respect to judgment liens, federal tax liens and liens of the Pension Benefit Guaranty Corporation in such jurisdictions, as the Administrator may reasonably request, showing no Adverse Claims on any Pool Assets other than any security interests that are released as of the Closing Date pursuant to the Confirmation Order or the Plan of Reorganization.
(e)    Certain Opinions.  On or within ten (10) Business Days following the Reorganization Effective Date (or such later date as may be reasonably agreed by the Administrator in writing), the Company shall deliver (or cause to be delivered) to the Administrator, favorable opinions, addressed to the Administrator, each Purchaser Agent and each Purchaser, in form and substance reasonably satisfactory to the Administrator, of external counsel for each Converted Originator, covering such matters as the Administrator may reasonably request, including, without limitation, (i) certain Delaware corporate and no conflict matters, (ii) certain organizational and New York enforceability matters and (iii) certain UCC creation and Delaware perfection matters.
(f)    Certain Local Opinions.  As soon as practicable following the Reorganization Effective Date and in any event not later than 120 days following the Closing Date, the Company shall deliver (or cause to be delivered) to the Administrator favorable opinions, addressed to the Administrator, each Purchaser Agent and each Purchaser, in form and substance reasonably satisfactory to the Administrator, of external counsel for the Converted Originators covering certain corporate and UCC perfection matters relating to the Converted Originators organized in Kentucky, West Virginia and Virginia as well as certain UCC perfection matters with respect to county-level filings made by each Converted Originator.
(g)    Notwithstanding anything to the contrary set forth in this Amendment, the Agreement or any other Transaction Document, the failure to timely perform or cause to be performed any of the covenants under this Section 14 shall constitute a Termination Event with no grace period and revoke the consent provided for under Section 2 hereof.

[SIGNATURES BEGIN ON NEXT  PAGE]

	
			
	 
	5
	 

    

Exhibit 10.7

Execution Copy

ARCH COAL, INC., 
as Company
 
 
 
By:    /s/ Robert G. Jones     
Name:    Robert G. Jones 
Title:    Sr. Vice President-Law, General Counsel     and Secretary 

ARCH COAL SALES COMPANY, INC., 
as Servicer
 
 
 
By:    /s/ Robert G. Jones     
Name:    Robert G. Jones 
Title:    Secretary 

    

Exhibit 10.7

Execution Copy

ARCH COAL SALES COMPANY, INC.
ARCH ENERGY RESOURCES, LLC
ARCH WESTERN RESOURCES, LLC
COAL-MAC, INC.
CUMBERLAND RIVER COAL COMPANY
LONE MOUNTAIN PROCESSING, INC. 
MINGO LOGAN COAL COMPANY
MOUNTAIN COAL COMPANY, L.L.C.
THUNDER BASIN COAL COMPANY, L.L.C.
BRONCO MINING COMPANY, INC.
COALQUEST DEVELOPMENT LLC
HAWTHORNE COAL COMPANY, INC.
HUNTER RIDGE COAL COMPANY
HUNTER RIDGE HOLDINGS, INC.
HUNTER RIDGE, INC.
ICG BECKLEY, LLC
ICG EAST KENTUCKY, LLC
ICG ILLINOIS, LLC
ARCH COAL GROUP, LLC
ICG, LLC
ICG NATURAL RESOURCES, LLC
ICG TYGART VALLEY, LLC
INTERNATIONAL ENERGY GROUP, LLC
KING KNOB COAL CO., INC.
MARINE COAL SALES COMPANY
MELROSE COAL COMPANY, INC.
PATRIOT MINING COMPANY, INC.
SIMBA GROUP, INC.
UPSHUR PROPERTY, INC.
VINDEX ENERGY CORPORATION
WHITE WOLF ENERGY, INC.
WOLF RUN MINING COMPANY, 
as Originators

By:    /s/ Robert G. Jones     
Name:    Robert G. Jones 
Title:    Secretary

    

Exhibit 10.7

Execution Copy

CONSENT TO:

PNC BANK, NATIONAL ASSOCIATION,
as Administrator and as a Purchaser Agent 

By:    /s/ Michael Brown    
Name:    Michael Brown
Title:    Senior Vice President

PNC BANK, NATIONAL ASSOCIATION,
as the LC Bank 

By:    /s/ Michael Brown    
Name:    Michael Brown
Title:    Senior Vice President

    

Exhibit 10.7

Execution Copy

REGIONS BANK,
as a Purchaser Agent 

By:    /s/ Linda M. Harris    
Name:    Linda M. Harris
Title:    Senior Vice President

    

Exhibit 10.7

Execution Copy

Schedule I 

LIST OF ORIGINATORS

Arch Coal Sales Company, Inc.
Arch Energy Resources, LLC
Arch Western Resources, LLC
Coal-Mac LLC
Cumberland River Coal LLC
Lone Mountain Processing LLC
Mingo Logan Coal LLC
Mountain Coal Company, L.L.C.
Thunder Basin Coal Company, L.L.C.
Bronco Mining Company LLC
CoalQuest Development LLC
Hawthorne Coal Company LLC
Hunter Ridge Coal LLC
Hunter Ridge Holdings, Inc.
Hunter Ridge LLC
ICG Beckley, LLC
ICG East Kentucky, LLC
ICG Illinois, LLC
Arch Coal Group, LLC
ICG, LLC
ICG Natural Resources, LLC
ICG Tygart Valley, LLC
International Energy Group, LLC
King Knob Coal Co., Inc.
Marine Coal Sales LLC
Melrose Coal Company LLC
Patriot Mining Company LLC
Simba Group LLC
Upshur Property LLC
Vindex Energy LLC
White Wolf Energy LLC
Wolf Run Mining LLC

	
			
	 
	Schedule I-1
	

    

Exhibit 10.7

Execution Copy

Schedule II 

LOCATION OF EACH ORIGINATOR 

	
		
	Originator
	Location

	Arch Coal Sales Company, Inc.
	Delaware

	Arch Energy Resources, LLC
	Delaware

	Arch Western Resources, LLC
	Delaware

	Coal-Mac LLC
	Kentucky

	Cumberland River Coal LLC
	Delaware

	Lone Mountain Processing LLC
	Delaware

	Mingo Logan Coal LLC
	Delaware

	Mountain Coal Company, L.L.C.
	Delaware

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

	Bronco Mining Company LLC
	West Virginia

	CoalQuest Development LLC
	Delaware

	Hawthorne Coal Company LLC
	West Virginia

	Hunter Ridge Coal LLC
	Delaware

	Hunter Ridge Holdings, Inc.
	Delaware

	Hunter Ridge LLC
	Delaware

	ICG Beckley, LLC
	Delaware

	ICG East Kentucky, LLC
	Delaware

	ICG Illinois, LLC
	Delaware

	Arch Coal Group, LLC
	Delaware

	ICG, LLC
	Delaware

	ICG Natural Resources, LLC
	Delaware

	ICG Tygart Valley, LLC
	Delaware

	International Energy Group, LLC
	Delaware

	
			
	 
	Schedule II-1
	

    

Exhibit 10.7

Execution Copy

	
		
	King Knob Coal Co., Inc.
	West Virginia

	Marine Coal Sales LLC
	Delaware

	Melrose Coal Company LLC
	West Virginia

	Patriot Mining Company LLC
	West Virginia

	Simba Group LLC
	Delaware

	Upshur Property LLC
	Delaware

	Vindex Energy LLC
	West Virginia

	White Wolf Energy LLC
	Virginia

	Wolf Run Mining LLC
	West Virginia

	
			
	 
	Schedule II-2
	

    

Exhibit 10.7

Execution Copy

Schedule IV 

TRADE NAMES 

	
		
	Legal Name
	Trade Names

	Arch Coal Sales Company, Inc.
	 

	Arch Energy Resources, LLC
	 

	Arch Western Resources, LLC
	 

	Coal-Mac LLC
	Phoenix Coal-Mac Mining, LLC

	Cumberland River Coal LLC
	Arch of the North Fork

	Lone Mountain Processing LLC
	 

	Mingo Logan Coal LLC
	 

	Mountain Coal Company, L.L.C.
	 

	Thunder Basin Coal Company, L.L.C.
	 

	Bronco Mining Company LLC
	 

	CoalQuest Development LLC
	 

	Hawthorne Coal Company LLC
	 

	Hunter Ridge Coal LLC
	 

	Hunter Ridge Holdings, Inc.
	 

	Hunter Ridge LLC
	 

	ICG Beckley, LLC
	ACI Beckley, LLC
ACI Beckley

	ICG East Kentucky, LLC
	 

	ICG Illinois, LLC
	ACI Illinois, LLC

	Arch Coal Group, LLC
	 

	ICG, LLC
	ICG Coal, LLC

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

	ICG Tygart Valley, LLC
	ACI Tygart Valley, LLC

	International Energy Group, LLC
	 

	
			
	 
	Schedule IV-1
	 

    

Exhibit 10.7

Execution Copy

	
		
	King Knob Coal Co., Inc
	 

	Marine Coal Sales LLC
	 

	Melrose Coal Company LLC
	 

	Patriot Mining Company LLC
	 

	Simba Group LLC
	 

	Upshur Property LLC
	 

	Vindex Energy LLC
	 

	White Wolf Energy LLC
	 

	Wolf Run Mining LLC
	 

	
			
	 
	Schedule IV-2
	 

    

Exhibit 10.7

Execution Copy

Schedule V 

LOCATION OF MINING OPERATIONS
 

	
				
	ORIGINATORS
	MINEHEAD
	STATE
	COUNTY

	Arch Coal Sales Company, Inc.
	N/A
	 
	 

	Arch Energy Resources, LLC
	N/A
	 
	 

	Arch Western Resources, LLC
	N/A
	 
	 

	Coal-Mac LLC
	Holden
Ragland / Phoenix
	West Virginia 
West Virginia
	Logan  
Mingo

	Cumberland River Coal LLC
	Cumberland River (aka Pardee) 
Cumberland River (aka Pardee)
	Kentucky 
Virginia
	Letcher  
Wise

	Lone Mountain Processing LLC
	Lone Mountain 
Lone Mountain
	Kentucky 
Virginia
	Harlan  
Lee

	Mingo Logan Coal LLC
	Mountain Laurel
	West Virginia
	Logan

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

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

	Bronco Mining Company LLC
	N/A
	 
	 

	CoalQuest Development LLC
	N/A
	 
	 

	Hawthorne Coal Company LLC
	N/A
	 
	 

	Hunter Ridge Coal LLC
	N/A
	 
	 

	Hunter Ridge Holdings, Inc.
	N/A
	 
	 

	Hunter Ridge LLC
	N/A
	 
	 

	ICG Beckley, LLC
	Beckley
	West Virginia
	Raleigh

	ICG East Kentucky, LLC
	East Kentucky
	Kentucky
	Pike

	ICG Illinois, LLC
	Viper
	Illinois
	Sangamon

	Arch Coal Group, LLC
	N/A
	 
	 

	
			
	 
	Schedule V-1
	 

    

Exhibit 10.7

Execution Copy

	
				
	ORIGINATORS
	MINEHEAD
	STATE
	COUNTY

	ICG, LLC
	N/A
	 
	 

	ICG Natural Resources, LLC
	N/A
	 
	 

	ICG Tygart Valley, LLC
	Tygart Valley
	West Virginia
	Taylor

	International Energy Group, LLC
	N/A
	 
	 

	King Knob Coal Co., Inc.
	N/A
	 
	 

	Marine Coal Sales LLC
	N/A
	 
	 

	Melrose Coal Company LLC
	N/A
	 
	 

	Patriot Mining Company LLC
	Patriot Mining
	West Virginia
	Monogalia

	Simba Group LLC
	N/A
	 
	 

	Upshur Property LLC
	N/A
	 
	 

	Vindex Energy LLC
	Jackson Mountain Mine
Vindex Energy
Vindex Energy
	Maryland
Maryland
West Virginia
	Allegany
Garrett
Grant

	White Wolf Energy LLC
	N/A
	 
	 

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

	
			
	 
	Schedule V-2
	 

    

Exhibit 10.7

Execution Copy

Exhibit A
SUBJECT REORGANIZATIONS
	
					
	Subject Originators
	Location
	 
	Converted Originators
	Location

	Lone Mountain Processing, Inc.
	Delaware
	 
	Lone Mountain Processing LLC
	Delaware

	Cumberland River Coal Company
	Delaware
	 
	Cumberland River Coal LLC
	Delaware

	Coal-Mac, Inc.
	Kentucky
	 
	Coal-Mac LLC
	Kentucky

	Mingo Logan Coal Company
	Delaware
	 
	Mingo Logan Coal LLC
	Delaware

	Simba Group, Inc.
	Delaware
	 
	Simba Group LLC
	Delaware

	Hawthorne Coal Company, Inc.
	West Virginia
	 
	Hawthorne Coal Company LLC
	West Virginia

	Hunter Ridge Coal Company
	Delaware
	 
	Hunter Ridge Coal LLC
	Delaware

	White Wolf Energy, Inc.
	Virginia
	 
	White Wolf Energy LLC
	Virginia

	Bronco Mining Company, Inc.
	West Virginia
	 
	Bronco Mining Company LLC
	West Virginia

	Upshur Property, Inc.
	Delaware
	 
	Upshur Property LLC
	Delaware

	Marine Coal Sales Company
	Delaware
	 
	Marine Coal Sales LLC
	Delaware

	Wolf Run Mining Company
	West Virginia
	 
	Wolf Run Mining LLC
	West Virginia

	Patriot Mining Company, Inc.
	West Virginia
	 
	Patriot Mining Company LLC
	West Virginia

	Melrose Coal Company, Inc.
	West Virginia
	 
	Melrose Coal Company LLC
	West Virginia

	Vindex Energy Corporation
	West Virginia
	 
	Vindex Energy LLC
	West Virginia

	Hunter Ridge, Inc.
	Delaware
	 
	Hunter Ridge LLC
	Delaware

	
			
	 
	Exhibit A
	First Amendment to Second A&R PSA
 (Arch Coal)

    

Exhibit 10.7

Execution Copy

Exhibit B 

UCC-1 FINANCING STATEMENT AND UCC-3 FINANCING STATEMENT AMENDMENTS TO BE FILED

(attached)

	
			
	 
	Exhibit B
	First Amendment to Second A&R PSA
 (Arch Coal)

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