Document:

Registration Rights Agreement

 Exhibit 4.3 
 $175,000,000 
 INTERNATIONAL COAL GROUP, INC. 
 10.25% Senior Notes due 2014 
 REGISTRATION RIGHTS AGREEMENT 
 June 23, 2006 
 UBS Securities LLC 
 J.P. Morgan Securities Inc. 
 Goldman, Sachs & Co. 
 Banc of America Securities LLC 
 Wachovia Capital Markets, LLC 
 c/o UBS Securities LLC 
 299 Park Avenue 
 New York, New York 10171

 Dear Sirs: 
 International Coal Group, Inc.,
a Delaware corporation (the “Issuer”), proposes to issue and sell to UBS Securities LLC, J.P.Morgan Securities Inc., Goldman, Sachs & Co., Banc of America Securities LLC and Wachovia Capital Markets, LLC (collectively, the
“Initial Purchasers”), upon the terms set forth in a purchase agreement, dated June 20, 2006 (the “Purchase Agreement”), among the Issuer, the Guarantors (as defined below) and the Initial Purchasers,
$175,000,000 aggregate principal amount of its 10.25% Senior Notes due 2014 (the “Initial Securities”) to be unconditionally guaranteed (the “Guarantees”) by each of the entities listed on Exhibit A hereto (each a
“Guarantor,” and collectively, the “Guarantors” and, together with the Issuer, the “Company”). The Initial Securities will be issued pursuant to an Indenture, dated as of June 23, 2006, (the
“Indenture”) among the Issuer, the Guarantors and The Bank of New York Trust Company, N.A. (the “Trustee”). As an inducement to the Initial Purchasers to enter into the Purchase Agreement, the Company agrees with
the Initial Purchasers, for the benefit of the holders of the Initial Securities (including, without limitation, the Initial Purchasers), the Exchange Securities (as defined below) and the Private Exchange Securities (as defined in Section 1
hereof) (collectively the “Holders”), as follows: 
 1. Registered Exchange Offer. Unless the Registered
Exchange Offer (as defined below) would not be permitted by applicable law or the currently prevailing Securities and Exchange Commission (the “Commission”) policy, the Company shall, at its own cost, prepare and, not later
January 19, 2007 (the “Issue Date”), file with the Commission a registration statement (the “Exchange Offer Registration Statement”) on an appropriate form under the Securities Act of 1933, as amended (the
“Securities Act”), with respect to a proposed offer (the “Registered Exchange Offer”) to the Holders of Transfer Restricted Securities (as defined in Section 6 hereof), who are not prohibited by any law or
policy of the Commission from participating in the Registered Exchange Offer, to issue and deliver to such Holders, in exchange for the Initial Securities, a like aggregate principal amount of debt securities (the “Exchange
Securities”) of the Company issued under the Indenture and identical in all material respects to the Initial Securities (except for the transfer restrictions relating to the Initial Securities and the provisions relating to the matters
described in Section 6 hereof) that would be registered under the Securities Act. The Company shall use its commercially reasonable efforts to cause such Exchange Offer Registration Statement to become effective under the Securities Act by
March 20, 2007 and shall keep the Exchange Offer Registration Statement effective for not less than 30 days (or longer, if required by applicable law) after the date notice of the 

  

 Registration Rights Agreement 

 
Registered Exchange Offer is mailed or electronically transmitted to the Holders (such period being called the “Exchange Offer Registration
Period”). 
 If the Company effects the Registered Exchange Offer, the Company will be entitled to close the Registered Exchange
Offer 20 business days after the commencement thereof; provided that the Company has accepted all the Initial Securities validly tendered and not properly withdrawn prior to the expiration, and in accordance with the terms, of the Registered
Exchange Offer; and provided further that the Company shall use its commercially reasonable efforts to close such Registered Exchange Offer on or prior to 30 business days (or longer if required by applicable law) after the date on which the
Exchange Offer Registration Statement was declared effective by the Commission. 
 Following the declaration of the effectiveness of the
Exchange Offer Registration Statement, the Company shall promptly commence the Registered Exchange Offer, it being the objective of such Registered Exchange Offer to enable each Holder of Transfer Restricted Securities (as defined in Section 6
hereof) electing to exchange the Initial Securities for Exchange Securities (assuming that such Holder is not an affiliate of the Company within the meaning of the Securities Act, acquires the Exchange Securities in the ordinary course of such
Holder’s business and has no arrangements with any person to participate in the distribution of the Exchange Securities and is not prohibited by any law or policy of the Commission from participating in the Registered Exchange Offer) to trade
such Exchange Securities from and after their receipt without any limitations or restrictions under the Securities Act and without material restrictions under the securities laws of the several states of the United States. 
 The Company and the Initial Purchasers acknowledge that, pursuant to current interpretations by the Commission’s staff of Section 5 of the
Securities Act, in the absence of an applicable exemption therefrom, (i) each Holder which is a broker-dealer electing to exchange Initial Securities, acquired for its own account as a result of market making activities or other trading
activities, for Exchange Securities (an “Exchanging Dealer”), is required to deliver a prospectus containing the information substantially similar to the language set forth in (a) Annex A hereto on the cover, (b) Annex B
hereto in the “Exchange Offer Procedures” section and the “Purpose of the Exchange Offer” section, and (c) Annex C hereto in the “Plan of Distribution” section of such prospectus in connection with a sale of any
such Exchange Securities received by such Exchanging Dealer pursuant to the Registered Exchange Offer and (ii) an Initial Purchaser that elects to sell Exchange Securities acquired in exchange for Initial Securities constituting any portion of
an unsold allotment is required to deliver a prospectus containing the information required by Items 507 or 508 of Regulation S-K under the Securities Act, as applicable, in connection with such sale. 
 The Company shall use its commercially reasonable efforts to keep the Exchange Offer Registration Statement effective and to amend and supplement the
prospectus contained therein, in order to permit such prospectus to be lawfully delivered by all persons subject to the prospectus delivery requirements of the Securities Act for such period of time as such persons must comply with such requirements
in order to resell the Exchange Securities; provided, however, that (i) in the case where such prospectus and any amendment or supplement thereto must be delivered by an Exchanging Dealer or an Initial Purchaser, such period shall be the
lesser of 180 days and the date on which all Exchanging Dealers and the Initial Purchasers have sold all Exchange Securities held by them (unless such period is extended pursuant to Section 3(j) below) and (ii) the Company shall make such
prospectus and any amendment or supplement thereto to the extent such documents are not freely available on the Commission EDGAR system, available to any broker-dealer for use in connection with any resale of any Exchange Securities for a period of
not less than 90 days after the consummation of the Registered Exchange Offer. 
 If, upon consummation of the Registered Exchange Offer, any
Initial Purchaser holds Initial Securities acquired by it as part of its initial distribution, the Company, simultaneously with the delivery of the Exchange Securities pursuant to the Registered Exchange Offer, shall issue and deliver to such
Initial Purchaser upon the written request of such Initial Purchaser, in exchange (the “Private Exchange”) for the Initial Securities held by such Initial Purchaser, a like principal amount of debt securities of the Company 

  

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issued under the Indenture and identical in all material respects (including the existence of restrictions on transfer under the Securities Act and the
securities laws of the several states of the United States, but excluding provisions relating to the matters described in Section 6 hereof) to the Initial Securities (the “Private Exchange Securities”). The Initial Securities,
the Exchange Securities and the Private Exchange Securities are herein collectively called the “Securities”. 
 In connection with
the Registered Exchange Offer, the Issuer shall: 
 (a) mail or electronically transmit, or cause to be mailed or
electronically transmitted, to each Holder of record entitled to participate in the Exchange Offer a copy of the prospectus forming part of the Exchange Offer Registration Statement, together with an appropriate letter of transmittal and related
documents; 
 (b) use its reasonable best efforts to keep the Registered Exchange Offer open for not less than 20
business days (or longer, if required by applicable law) after the date notice thereof is mailed or electronically transmitted to the Holders; 
 (c) utilize the services of a depositary for the Registered Exchange Offer with an address in the Borough of Manhattan, The City of New York, which may be the Trustee or an affiliate of the Trustee; 

(d) permit Holders to withdraw tendered Initial Securities at any time prior to the close of business, New York time, on the last
business day on which the Registered Exchange Offer shall remain open; and 
 (e) otherwise comply with all applicable
laws. 
 As soon as practicable after the close of the Registered Exchange Offer or the Private Exchange, as the case may be, the Issuer
shall: 
 (x) accept for exchange all the Initial Securities validly tendered and not withdrawn pursuant to the
Registered Exchange Offer and the Private Exchange; 
 (y) deliver to the Trustee for cancellation all the Initial
Securities so accepted for exchange; and 
 (z) cause the Trustee to authenticate and deliver promptly to each Holder of
the Initial Securities, Exchange Securities or Private Exchange Securities, as the case may be, equal in principal amount to the Initial Securities of such Holder so accepted for exchange; provided, that in the case of any Securities held in
global form by a depository, authentication and delivery to such depository of one or more replacement Securities in global form in any equivalent principal amount thereto for the account of such Holders in accordance with the Indenture shall
satisfy such authentication and delivery requirement. 
 The Indenture will provide that the Exchange Securities will not be subject to the
transfer restrictions set forth in the Indenture and that all the Securities will vote and consent together on all matters as one class and that none of the Securities will have the right to vote or consent as a class separate from one another on
any matter. 
 Interest on each Exchange Security and Private Exchange Security issued pursuant to the Registered Exchange Offer and in the
Private Exchange will accrue from the last interest payment date on which interest was paid on the Initial Securities surrendered in exchange therefor or, if no interest has been paid on the Initial Securities, from the date of original issue of the
Initial Securities. 
  

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 In order to participate in the Registered Exchange Offer, each Holder shall be required to represent to
the Company that at the time of the consummation of the Registered Exchange Offer (i) any Exchange Securities received by such Holder will be acquired in the ordinary course of business, (ii) such Holder will have no arrangements or
understanding with any person to participate in the distribution of the Securities or the Exchange Securities within the meaning of the Securities Act, (iii) such Holder is not an “affiliate,” as defined in Rule 405 of the Securities
Act, of the Company or if it is an affiliate, such Holder will comply with the registration and prospectus delivery requirements of the Securities Act to the extent applicable, (iv) if such Holder is not a broker-dealer, that it is not engaged
in, and does not intend to engage in, the distribution of the Exchange Securities, (v) if such Holder is a broker-dealer, that it will receive Exchange Securities for its own account in exchange for Initial Securities that were acquired as a
result of market-making activities or other trading activities and that it will be required to acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Securities, and (vi) such Holder has full power and
authority to transfer the Initial Securities in exchange for such Exchange Securities and that the Company will acquire good and unencumbered title thereto free and clear of any liens, restrictions, charges or encumbrances and not subject to any
adverse claims. 
 Notwithstanding any other provisions hereof, the Issuer will ensure that (i) any Exchange Offer Registration
Statement and any amendment thereto and any prospectus forming part thereof and any supplement thereto complies in all material respects with the Securities Act and the rules and regulations thereunder, (ii) any Exchange Offer Registration
Statement and any amendment thereto does not, when it becomes effective, contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading and
(iii) any prospectus forming part of any Exchange Offer Registration Statement, and any supplement to such prospectus, does not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or
necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. 
 Upon
consummation of the Exchange Offer in accordance with this Section 1, the provisions of this Agreement shall continue to apply solely with respect to Securities that are Private Exchange Securities and Exchange Securities held by Exchanging
Dealers. The Company shall have no other obligation to register the Securities pursuant to this Agreement. 
 2. Shelf
Registration. If: (i) the Company is not (a) required to file the Exchange Offer Registration Statement or (b) permitted to consummate the Registered Exchange Offer because the Registered Exchange Offer is not permitted by
applicable law or currently prevailing Commission policy; or (ii) any holder of Transfer Restricted Securities (as defined in Section 6 hereof) notifies the Company prior to the 20th business day following the consummation of the Registered Exchange Offer that: (a) it is prohibited by law or Commission policy from participating in the
Registered Exchange Offer; (b) it may not resell the Exchange Securities acquired by it in the Registered Exchange Offer to the public without delivering a prospectus and the prospectus contained in the Exchange Offer Registration Statement is
not appropriate or available for such resales; or (c) it is a broker-dealer and owns Initial Securities acquired directly from the Company or an affiliate of the Company, the Company shall take the following actions: 
 (a) The Company shall, at its cost, file with the Commission a registration statement (the “Shelf Registration
Statement” and, together with the Exchange Offer Registration Statement, a “Registration Statement”) on an appropriate form under the Securities Act relating to the offer and sale of the Transfer Restricted Securities (as
defined in Section 6 hereof) by the Holders thereof from time to time in accordance with the methods of distribution set forth in the Shelf Registration Statement and Rule 415 under the Securities Act (hereinafter, the “Shelf
Registration”) within 210 days (or if such 210th day is not a business day, the first business day
thereafter) after so required or requested pursuant to this Section 2 and the Company shall use its commercially reasonable efforts to cause the Shelf Registration Statement to be declared effective 

  

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within 270 days (or if such 270th day is not a business day, the first business day thereafter) after so required or requested pursuant to this Section 2; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the
Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all the provisions of this Agreement applicable to such Holder. 
 (b) The Issuer shall use its commercially reasonable efforts to keep the Shelf Registration Statement continuously effective in order
to permit the prospectus included therein to be lawfully delivered by the Holders of the relevant Securities, for a period of two years (or for such longer period if extended pursuant to Section 3(j) below) from the date of its effectiveness or
such shorter period that will terminate when all the Securities covered by the Shelf Registration Statement (i) have been sold pursuant thereto, (ii) are no longer restricted securities (as defined in Rule 144 under the Securities Act, or
any successor rule thereof) or (iii) there cease to be any Securities outstanding; provided, however, that the Issuer may notify the Holders of its suspension of any Shelf Registration Statement (and, upon receipt of such notice, the
Holders shall not be authorized by the Issuer to resell and shall not resell Securities covered by the Shelf Registration Statement during such period of suspension) if the Board of Directors of the Issuer determines in good faith that there is a
valid business purpose for the suspension (all such periods of suspension may not exceed 60 days during any 365-day period), and such suspensions shall not give rise to any right to receive Additional Interest pursuant to Section 6 hereof. The
Issuer shall be deemed not to have used its commercially reasonable efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action (excluding any suspension permitted in accordance with the
preceding proviso) that would result in Holders of Securities covered thereby not being able to offer and sell such Securities during that period, unless such action is required by applicable law. 
 (c) Notwithstanding any other provisions of this Agreement to the contrary, the Company shall cause the Shelf Registration Statement
and the related prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement, amendment or supplement, (i) to comply in all material respects with the applicable requirements of the Securities
Act and the rules and regulations of the Commission and (ii) not to contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein, in light of
the circumstances under which they were made, not misleading (other than with respect to written information included therein furnished to the Company by or on behalf of any Holder specifically for use therein). 
 3. Registration Procedures. In connection with any Shelf Registration contemplated by Section 2 hereof and, to the extent applicable,
any Registered Exchange Offer contemplated by Section 1 hereof, the following provisions shall apply: 
 (a) The
Company shall (i) furnish to each Initial Purchaser, prior to the filing thereof with the Commission, a copy of the Registration Statement and each amendment thereof and each supplement, if any, to the prospectus included therein and, in the
event that an Initial Purchaser (with respect to any portion of an unsold allotment from the original offering) is participating in the Registered Exchange Offer or the Shelf Registration Statement, the Company shall use its commercially reasonable
efforts to reflect in each such document, when so filed with the Commission, such comments as such Initial Purchaser reasonably may propose in writing within a reasonable period of time (such time not to exceed 5 business days) after being provided
with a draft of the Shelf Registration Statement); (ii) include the information substantially similar to the language set forth in (a) Annex A hereto on the cover, (b) Annex B hereto in the “Exchange Offer Procedures”
section and the “Purpose of the Exchange Offer” section, and (c) Annex C hereto in the “Plan of Distribution” section (or comparable sections, however captioned) of the prospectus forming a part of the Exchange Offer
Registration Statement, in each case subject to any 

  

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comments received from the Commission staff, and include the information substantially similar to the language set forth in Annex D hereto in the Letter of
Transmittal delivered pursuant to the Registered Exchange Offer; (iii) if requested by an Initial Purchaser, include the information required by Items 507 or 508 of Regulation S-K under the Securities Act, as applicable, in the prospectus
forming a part of the Exchange Offer Registration Statement; (iv) include within the prospectus contained in the Exchange Offer Registration Statement a section entitled “Plan of Distribution,” reasonably acceptable to the Initial
Purchasers, which shall contain a summary statement of the positions taken or policies made by the staff of the Commission with respect to the potential “underwriter” status of any broker-dealer that is the beneficial owner (as defined in
Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) of Exchange Securities received by such broker-dealer in the Registered Exchange Offer (a “Participating Broker-Dealer”),
whether such positions or policies have been publicly disseminated by the staff of the Commission or such positions or policies, in the reasonable judgment of the Initial Purchasers based upon advice of counsel (which may be in-house counsel),
represent the prevailing views of the staff of the Commission; and (v) in the case of a Shelf Registration Statement, include the names of the Holders, who propose to sell Securities pursuant to the Shelf Registration Statement, as selling
securityholders. 
 (b) The Issuer shall give written notice to the Initial Purchasers, the selling Holders of the
Securities and any Participating Broker-Dealer from whom the Issuer has received prior written notice that it will be a Participating Broker-Dealer in the Registered Exchange Offer (which notice pursuant to clauses (ii)-(v) hereof shall be
accompanied by an instruction to suspend the use of the prospectus until the requisite changes have been made): 
 (i) when the Registration Statement or any amendment thereto has been filed with the Commission and when the Registration Statement or any post-effective amendment thereto has become effective; 
 (ii) of any request by the Commission for amendments or supplements to the Registration Statement or the prospectus included therein
or for additional information; 
 (iii) of the issuance by the Commission of any stop order suspending the effectiveness
of the Registration Statement or the initiation of any proceedings for that purpose, of the issuance by the Commission of a notification of objection to the use of the form on which the Registration Statement has been filed, and of the happening of
any event that causes the Company to become an “ineligible issuer,” as defined in Rule 405 under the Securities Act; 
 (iv) of the receipt by the Company or its legal counsel of any notification with respect to the suspension of the qualification of the Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such
purpose; and 
 (v) of the happening of any event that requires the Company to make changes in the Registration Statement
or the prospectus in order that the Registration Statement or the prospectus does not contain an untrue statement of a material fact nor omit to state a material fact required to be stated therein or necessary to make the statements therein (in the
case of the prospectus, in light of the circumstances under which they were made) not misleading. 
 (c) The Company
shall use its commercially reasonable efforts to obtain the withdrawal at the earliest possible time of any order suspending the effectiveness of the Registration Statement. 
  

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 (d) The Company shall furnish to each Holder of Securities included within the
coverage of the Shelf Registration, without charge, at least one copy of the Shelf Registration Statement and any post-effective amendment or supplement thereto, including financial statements and schedules, and, if the Holder so requests in
writing, all exhibits thereto (including those, if any, incorporated by reference) to the extent that such documents are not freely available on the Commission EDGAR system. 
 (e) The Company shall deliver to each Exchanging Dealer from whom the Issuer has received prior written notice that it will be an
Exchanging Dealer and each Initial Purchaser, and to any other Holder who so requests, without charge, at least one copy of the Exchange Offer Registration Statement and any post-effective amendment or supplement thereto, including financial
statements and schedules, and, if any Initial Purchaser or any such Holder requests, all exhibits thereto (including those incorporated by reference) to the extent that such documents are not freely available on the Commission EDGAR system.

 (f) The Company shall, during the Shelf Registration Period, deliver to each Holder of Securities included within the
coverage of the Shelf Registration, without charge, as many copies of the prospectus (including each preliminary prospectus) included in the Shelf Registration Statement and any amendment or supplement thereto as such person may reasonably request,
to the extent that such documents are not freely available on the Commission EDGAR system. The Company consents, subject to the provisions of this Agreement, to the use of the prospectus or any amendment or supplement thereto by each of the selling
Holders of the Securities in connection with the offering and sale of the Securities covered by the prospectus, or any amendment or supplement thereto, included in the Shelf Registration Statement. 
 (g) The Company shall deliver to each Initial Purchaser, any Exchanging Dealer from whom the Issuer has received prior written notice
that it will be an Exchanging Dealer, any Participating Broker-Dealer from whom the Issuer has received prior written notice that it will be a Participating Broker-Dealer and such other persons required to deliver a prospectus following the
Registered Exchange Offer, without charge, as many copies of the final prospectus included in the Exchange Offer Registration Statement and any amendment or supplement thereto as such persons may reasonably request, to the extent that such documents
are not freely available on the Commission EDGAR system. The Company consents, subject to the provisions of this Agreement, to the use of the prospectus or any amendment or supplement thereto by any Initial Purchaser, if necessary, any Participating
Broker-Dealer and such other persons required to deliver a prospectus following the Registered Exchange Offer in connection with the offering and sale of the Exchange Securities covered by the prospectus, or any amendment or supplement thereto,
included in such Exchange Offer Registration Statement. 
 (h) Prior to any public offering of the Securities, pursuant
to any Registration Statement, the Company shall use its commercially reasonable efforts to register or qualify or cooperate with the Holders of the Securities included therein and their respective counsel in connection with the registration or
qualification of the Securities for offer and sale under the securities or “blue sky” laws of such states of the United States as any Holder of the Securities reasonably requests in writing and do any and all other acts or things
reasonably necessary or advisable to enable the offer and sale in such jurisdictions of the Securities covered by such Registration Statement; provided, however, that the Company shall not be required to (i) qualify generally to do
business in any jurisdiction where it is not then so qualified or (ii) take any action which would subject it to general service of process or to taxation in any jurisdiction where it is not then so subject. 
 (i) The Company shall cooperate with the Holders of the Securities to facilitate the timely preparation and delivery of certificates
representing the Securities to be issued or sold pursuant to any Registration Statement free of any restrictive legends and in such denominations 

  

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and registered in such names as the Holders may request a reasonable period of time prior to such offer or sales of the Securities pursuant to any such
Registration Statement. 
 (j) Upon the occurrence of any event contemplated by paragraphs (ii) through (v) of
Section 3(b) above during the period for which the Company is required to maintain an effective Registration Statement, the Company shall promptly prepare and file a post-effective amendment to the Registration Statement or a supplement to the
related prospectus and any other required document so that, as thereafter delivered to Holders of the Securities or purchasers of Securities, the prospectus will not contain an untrue statement of a material fact or omit to state any material fact
required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. If the Company notifies the Initial Purchasers, the Holders of the Securities and any known
Participating Broker-Dealer in accordance with paragraphs (ii) through (v) of Section 3(b) above to suspend the use of the prospectus until the requisite changes to the prospectus have been made, then the Initial Purchasers, the
Holders of the Securities and any such Participating Broker-Dealers from whom the Issuer has received prior written notice that it will be a Participating Broker-Dealer shall suspend use of such prospectus, and the period of effectiveness of the
Shelf Registration Statement provided for in Section 2(b) above and the Exchange Offer Registration Statement provided for in Section 1 above shall each be extended by the number of days from and including the date of the giving of such
notice to and including the date when the Initial Purchasers, the Holders of the Securities and any known Participating Broker-Dealer shall have received such amended or supplemented prospectus pursuant to this Section 3(j). 
 (k) Not later than the effective date of the applicable Registration Statement, the Company will provide a CUSIP number for the
Exchange Securities or the Private Exchange Securities, as the case may be, and provide the applicable trustee with printed certificates for the Exchange Securities or the Private Exchange Securities, as the case may be, in a form eligible for
deposit with The Depository Trust Company. 
 (l) The Company will comply in all material respects with all rules and
regulations of the Commission to the extent and so long as they are applicable to the Registered Exchange Offer or the Shelf Registration and will make generally available to its security holders (or otherwise provide in accordance with
Section 11(a) of the Securities Act) an earnings statement satisfying the provisions of Section 11(a) of the Securities Act, no later than 45 days after the end of a 12-month period (or 90 days, if such period is a fiscal year) beginning
with the first month of the Company’s first fiscal quarter commencing after the effective date of the Registration Statement, which statement shall cover such 12-month period. 
 (m) To the extent required by applicable law, the Company shall cause the Indenture to be qualified under the Trust Indenture Act of
1939, as amended, in a timely manner and containing such changes, if any, as shall be necessary for such qualification. In the event that such qualification would require the appointment of a new trustee under the Indenture, the Company shall
appoint a new trustee thereunder pursuant to the applicable provisions of the Indenture. 
 (n) The Company may require
each Holder of Securities to be sold pursuant to the Shelf Registration Statement to (i) be named as a selling securityholder, and (ii) furnish to the Company such information regarding the Holder and the distribution of the Securities as
the Company may from time to time reasonably require for inclusion in the Shelf Registration Statement, and the Company may exclude from such registration the Securities of any Holder that unreasonably fails to furnish such information within a
reasonable time (but in any event not more than ten days) after receiving such request. 
  

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 (o) The Company shall enter into such customary agreements (including, if requested
in the case of a Shelf Registration, an underwriting agreement in customary form) and take all such other action, if any, as the Holders of a majority in aggregate principal amount of the Securities to be included in any Shelf Registration shall
reasonably request in order to facilitate the disposition of the Securities pursuant to the Shelf Registration. 
 (p) In
the case of any Shelf Registration, the Company shall (i) upon written request and to the extent not freely available on the Commission EDGAR system, make reasonably available for inspection by the Holders of the Securities named in the Shelf
Registration Statement, any underwriter participating in any disposition pursuant to the Shelf Registration Statement and any attorney, accountant or other agent retained by the Holders of the Securities named in the Shelf Registration Statement or
all relevant financial and other records, pertinent corporate documents and properties of the Company and (ii) cause the Company’s officers, directors, and employees to, and use commercially reasonable efforts to cause the Company’s
accountants and auditors to, supply all relevant information reasonably requested by the Holders of the Securities named in the Shelf Registration Statement or any such underwriter, attorney, accountant or agent in connection with the Shelf
Registration Statement, in each case, as shall be reasonably necessary to enable such persons, to conduct a reasonable investigation within the meaning of Section 11 of the Securities Act; provided, however, that the foregoing inspection
and information gathering shall be coordinated on behalf of the Initial Purchasers by UBS Securities LLC and on behalf of the other parties, by one counsel designated by and on behalf of such other parties as described in, and subject to the
provisions of, Section 4 hereof; and provided, further, with respect to any information that is reasonably and in good faith designated by the Company as confidential at the time of delivery of such information, each party to whom
information is delivered shall first agree in writing with the Company that (1) such party shall keep such information confidential and (2) such party shall abstain from trading any securities of the Company in violation of applicable
securities laws on the basis of any confidential information, in each case until such information has been made generally available to the public. 
 (q) In the case of any Shelf Registration, the Company, if requested by the Holders of a majority in aggregate principal amount of Securities covered thereby, shall cause (i) its counsel to deliver an
opinion in a form customary in connection with the preparation of a Shelf Registration Statement addressed to such Holders and the managing underwriters and reasonably acceptable to such Holders and the managing underwriters, if any, thereof and
dated, in the case of the initial opinion, the effective date of such Shelf Registration Statement; (ii) its officers to execute and deliver all customary documents and certificates and updates thereof reasonably requested by any underwriters
of the applicable Securities; and (iii) its independent public accountants and the independent public accountants with respect to any other entity for which financial information is provided in the Shelf Registration Statement to provide to the
selling Holders of the applicable Securities and any underwriter therefor a comfort letter in customary form and covering matters of the type customarily covered in comfort letters in connection with primary underwritten offerings, subject to
receipt of appropriate documentation as contemplated, and only if permitted, by Statement of Auditing Standards No. 72. 
 (r) If a Registered Exchange Offer or a Private Exchange is to be consummated, upon delivery of the Initial Securities by Holders to the Company (or to such other Person as directed by the Company) in exchange for the Exchange
Securities or the Private Exchange Securities, as the case may be, the Company shall mark, or caused to be marked, on the Initial Securities so exchanged that such Initial Securities are being canceled in exchange for the Exchange Securities or the
Private Exchange Securities, as the case may be; in no event shall the Initial Securities be marked as paid or otherwise satisfied. 
  

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 (s) The Company will use its commercially reasonable efforts to (a) if the
Initial Securities have been rated prior to the initial sale of such Initial Securities, confirm such ratings will apply to the Securities covered by a Registration Statement, or (b) if the Initial Securities were not previously rated, cause
the Securities covered by a Registration Statement to be rated with the appropriate rating agencies, if so requested by Holders of a majority in aggregate principal amount of Securities covered by such Registration Statement, or by the managing
underwriters, if any. 
 (t) In the event that any broker-dealer registered under the Exchange Act shall underwrite any
Securities or participate as a member of an underwriting syndicate or selling group or “assist in the distribution” (within the meaning of the Conduct Rules (the “Rules”) of the National Association of Securities Dealers,
Inc. (“NASD”)) thereof, whether as a Holder of such Securities or as an underwriter, a placement or sales agent or a broker or dealer in respect thereof, or otherwise, the Company will use its commercially reasonable efforts to
assist such broker-dealer in complying with the requirements of such Rules, including, without limitation, by (i) if such Rules, including Rule 2720, shall so require, engaging a “qualified independent underwriter” (as defined in Rule
2720) to participate in the preparation of the Registration Statement relating to such Securities, to exercise usual standards of due diligence in respect thereto and, if any portion of the offering contemplated by such Registration Statement is an
underwritten offering or is made through a placement or sales agent, to recommend the yield of such Securities, (ii) indemnifying any such qualified independent underwriter to the extent of the indemnification of underwriters provided in
Section 5 hereof and (iii) providing such information to such broker-dealer as may be required in order for such broker-dealer to comply with the requirements of the Rules. 
 (u) The Company shall use its commercially reasonable efforts to take all other steps necessary to effect the registration of the
Securities covered by a Registration Statement contemplated hereby. 
 4. Registration Expenses. The Company shall bear all fees
and expenses incurred in connection with the performance of its obligations under Sections 1 through 3 hereof (including the reasonable fees and expenses, if any, of Latham & Watkins LLP, counsel for the Initial Purchasers, incurred in
connection with the Registered Exchange Offer which fees and expenses shall not exceed $10,000), whether or not the Registered Exchange Offer or a Shelf Registration is filed or becomes effective, and, in the event of a Shelf Registration, shall
bear or reimburse the Holders of the Securities covered thereby for the reasonable fees and disbursements of not more than one firm of counsel designated by the Holders of a majority in principal amount of the Initial Securities covered thereby to
act as counsel for the Holders of the Initial Securities in connection therewith, which counsel shall be approved by the Company (such approval not to be unreasonably withheld or delayed). Each Initial Purchaser and Holder shall pay all expenses of
its counsel (other than as set forth in the preceding sentence), underwriting discounts and commissions and transfer taxes, if any, relating to the sale or disposition of such Initial Purchaser’s or Holder’s Initial Securities pursuant to
the Shelf Registration Statement. 
 5. Indemnification. (a) The Company agrees to indemnify and hold harmless each Holder
of the Securities, any Participating Broker-Dealer and each person, if any, who controls such Holder or such Participating Broker-Dealer within the meaning of the Securities Act or the Exchange Act (each Holder, any Participating Broker-Dealer and
such controlling persons are referred to collectively as the “Indemnified Parties”) from and against any losses, claims, damages or liabilities, joint or several, or any actions in respect thereof (including, but not limited to, any
losses, claims, damages, liabilities or actions relating to purchases and sales of the Securities) to which each Indemnified Party may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such losses, claims, damages,
liabilities or actions arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in a Registration Statement or in a prospectus that is part of a Registration Statement (a “Prospectus”) or
in any amendment or supplement thereto or in any preliminary prospectus or “issuer free writing prospectus,” as defined in Rule 433 under the Securities Act (“Issuer FWP”), relating to a Shelf 

  

 10 

 
Registration, or arise out of, or are based upon, the omission or alleged omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, and shall reimburse, as incurred, the Indemnified Parties for any legal or other expenses (but limited to one local counsel in any applicable jurisdiction) reasonably incurred by them in
connection with investigating or defending any such loss, claim, damage, liability or action in respect thereof; provided, however, that (i) the Company shall not be liable in any such case to the extent that such loss, claim, damage or
liability arises out of or is based upon any untrue statement or alleged untrue statement or omission or alleged omission made in a Registration Statement or Prospectus or in any amendment or supplement thereto or in any preliminary prospectus or
Issuer FWP relating to a Shelf Registration in reliance upon and in conformity with written information pertaining to such Holder and furnished to the Company by or on behalf of such Holder specifically for inclusion therein and (ii) with
respect to any untrue statement or omission or alleged untrue statement or omission made in any preliminary prospectus relating to a Shelf Registration Statement, the indemnity agreement contained in this subsection (a) shall not inure to the
benefit of any Holder or Participating Broker-Dealer from whom the person asserting any such losses, claims, damages or liabilities purchased the Securities concerned, to the extent that a prospectus relating to such Securities was required to be
delivered (including through satisfaction of the conditions of Commission Rule 172) by such Holder or Participating Broker-Dealer under the Securities Act in connection with such purchase and any such loss, claim, damage or liability of such Holder
or Participating Broker-Dealer results from the fact that there was not conveyed to such person, at or prior to the time of the sale of such Securities to such person, an amended or supplemented prospectus or, if permitted by Section 3(d), an
Issuer FWP correcting such untrue statement or omission or alleged untrue statement or omission if the Company had previously furnished copies thereof to such Holder or Participating Broker-Dealer; provided further, however, that this
indemnity agreement will be in addition to any liability which the Company may otherwise have to such Indemnified Party. The Company shall also indemnify underwriters, their officers and directors and each person who controls such underwriters
within the meaning of the Securities Act or the Exchange Act to the same extent as provided above with respect to the indemnification of the Holders of the Securities if requested by such Holders. 
 (b) Each Holder of the Securities, severally and not jointly, will indemnify and hold harmless the Company and each person, if any, who controls the
Company within the meaning of the Securities Act or the Exchange Act from and against any losses, claims, damages or liabilities or any actions in respect thereof, to which the Company or any such controlling person may become subject under the
Securities Act, the Exchange Act or otherwise, insofar as such losses, claims, damages, liabilities or actions arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in a Registration Statement
or Prospectus or in any amendment or supplement thereto or in any preliminary prospectus or Issuer FWP relating to a Shelf Registration, or arise out of or are based upon the omission or alleged omission to state therein a material fact necessary to
make the statements therein not misleading, but in each case only to the extent that the untrue statement or omission or alleged untrue statement or omission was made in reliance upon and in conformity with written information pertaining to such
Holder and furnished to the Company by or on behalf of such Holder specifically for inclusion therein; and, subject to the limitation set forth immediately preceding this clause, shall reimburse, as incurred, the Company for any legal or other
expenses reasonably incurred by the Company or any such controlling person in connection with investigating or defending any loss, claim, damage, liability or action in respect thereof. This indemnity agreement will be in addition to any liability
which such Holder may otherwise have to the Company or any of its controlling persons. 
 (c) Promptly after receipt by an indemnified
party under this Section 5 of notice of the commencement of any action or proceeding (including a governmental investigation), such indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under this
Section 5, notify the indemnifying party of the commencement thereof; but the failure to notify the indemnifying party shall not relieve the indemnifying party from any liability that it may have under subsection (a) or (b) above
except to the extent that it has been materially prejudiced (through the forfeiture of substantive rights or defenses) by such failure; and provided further that the failure to notify the indemnifying party shall not 

  

 11 

 
relieve it from any liability that it may have to an indemnified party otherwise than under subsection (a) or (b) above. In case any such action is
brought against any indemnified party, and it notifies the indemnifying party of the commencement thereof, the indemnifying party will be entitled to participate therein and, to the extent that it may wish, jointly with any other indemnifying party
similarly notified, to assume the defense thereof, with counsel reasonably satisfactory to such indemnified party (who shall not, except with the consent of the indemnified party, be counsel to the indemnifying party), and after notice from the
indemnifying party to such indemnified party of its election so to assume the defense thereof the indemnifying party will not be liable to such indemnified party under this Section 5 for any legal or other expenses, other than reasonable costs
of investigation, subsequently incurred by such indemnified party in connection with the defense thereof. Each indemnified party shall, as a condition of the indemnity agreement contained in Sections 5(a) and (b), use reasonable efforts to cooperate
with the indemnifying party in the defense of any such action or claim. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement of any pending or threatened action in respect of which any
indemnified party is or could have been a party and indemnity could have been sought hereunder by such indemnified party unless such settlement (i) includes an unconditional release of such indemnified party from all liability on any claims
that are the subject matter of such action, and (ii) does not include a statement as to or an admission of fault, culpability or a failure to act by or on behalf of any indemnified party. 
 (d) If the indemnification provided for in this Section 5 is unavailable or insufficient to hold harmless an indemnified party under
subsections (a) or (b) above, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of the losses, claims, damages or liabilities (or actions in respect thereof) referred to in
subsection (a) or (b) above (i) in such proportion as is appropriate to reflect the relative benefits received by the indemnifying party or parties on the one hand and the indemnified party on the other from the exchange of the
Securities, pursuant to the Registered Exchange Offer, or (ii) if the allocation provided by the foregoing clause (i) is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits
referred to in clause (i) above but also the relative fault of the indemnifying party or parties on the one hand and the indemnified party on the other in connection with the statements or omissions that resulted in such losses, claims, damages
or liabilities (or actions in respect thereof) as well as any other relevant equitable considerations. The relative fault of the parties shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a
material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company on the one hand or such Holder or such other indemnified party, as the case may be, on the other, and the parties’
relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The amount paid by an indemnified party as a result of the losses, claims, damages or liabilities referred to in the first sentence
of this subsection (d) shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any action or claim which is the subject of this subsection (d).
Notwithstanding any other provision of this Section 5(d), the Holders of the Securities shall not be required to contribute any amount in excess of the amount by which the net proceeds received by such Holders from the sale of the Securities
pursuant to a Registration Statement exceeds the amount of damages which such Holders have otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. For purposes of this paragraph (d), each person, if any,
who controls such indemnified party within the meaning of the Securities Act or the Exchange Act shall have the same rights to contribution as such indemnified party and each person, if any, who controls the Company within the meaning of the
Securities Act or the Exchange Act shall have the same rights to contribution as the Company. 
 (e) The agreements contained in this
Section 5 shall survive the sale of the Securities pursuant to a Registration Statement and shall remain in full force and effect, regardless of any termination or cancellation of this Agreement or any investigation made by or on behalf of any
indemnified party. 
  

 12 

 6. Additional Interest Under Certain Circumstances. (a) Additional interest (the
“Additional Interest”) with respect to the Initial Securities shall be assessed as follows if any of the following events occur (each such event in clauses (i) through (iii) below a “Registration Default”):

 (i) any Registration Statement required by this agreement is not declared effective by the Commission on or prior to
the date specified for such effectiveness (the “Effectiveness Target Date”); 
 (ii) the Company fails
to consummate the Registered Exchange Offer within 30 business days of the Effectiveness Target Date with respect to the Exchange Offer Registration Statement (other than in the event the Company complies with Section 2 hereof); or 

(iii) if after either the Exchange Offer Registration Statement or the Shelf Registration Statement is declared effective, as long
as there is an obligation to maintain the effectiveness of such Registration Statement under this Agreement, (A) such Registration Statement thereafter ceases to be effective or (B) such Registration Statement ceases to be usable (except
as permitted in paragraph (b)) in connection with resales of Transfer Restricted Securities during the periods specified herein because either (1) any event occurs as a result of which the related prospectus forming part of such
Registration Statement would include any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (2) it
shall be necessary to amend such Registration Statement or supplement the related prospectus, to comply with the Securities Act or the Exchange Act or the respective rules thereunder. 
 Additional Interest shall accrue and be payable by the Company to each Holder of Initial Securities from and including the date on which any such Registration Default shall occur to but excluding the date on which all
such Registration Defaults have been cured. With respect to the first 90-day period immediately following the occurrence of the first Registration Default, Additional Interest shall accrue and be payable as provided in the preceding sentence in an
amount equal to 0.25% per annum on the applicable Securities held by such Holder. The amount of Additional Interest shall increase by an additional 0.25% per annum on the applicable Securities with respect to each subsequent 90-day period
to but excluding the earlier of (i) the date all Registration Defaults have been cured, or (ii) the date on which all of the Securities otherwise become freely transferable by Holders other than affiliates of the Company without further
registration under the Securities Act, up to a maximum amount of Additional Interest for all Registration Defaults of 1.0% per annum; provided, however, the amount of additional interest shall not increase because more than one
Registration Default has occurred and is pending; and provided further, however, a holder of Securities who is not entitled to the benefits of the Shelf Registration Statement (i.e., such holder has not elected to include information) shall
not be entitled to Additional Interest with respect to a Registration Default that pertains to the Shelf Registration Statement. 
 (b) A Registration Default referred to in Section 6(a)(iii)(B) hereof shall be deemed not to have occurred and be continuing in relation to a Shelf Registration Statement or the related prospectus if (i) such Registration
Default has occurred solely as a result of (x) the filing of a post-effective amendment to such Shelf Registration Statement to incorporate annual audited or required quarterly financial information with respect to the Company where such
post-effective amendment is not yet effective and needs to be declared effective to permit Holders to use the related prospectus or (y) other material events, with respect to the Company that would need to be described in such Shelf
Registration Statement or the related prospectus, or (z) such Shelf Registration Statement contains an untrue statement of material fact or omits to state a material fact necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading with respect to written information included therein furnished to the Company by or on behalf of any Holder specifically for use therein, and (ii) in the case of clause (y), the Company
is proceeding promptly and in good faith to amend or supplement such Shelf Registration Statement and 

  

 13 

 
related prospectus to describe such events; provided, however, that in any case if such Registration Default occurs for a continuous period in excess
of 30 days, Additional Interest shall be payable in accordance with the above paragraph from the day such Registration Default occurs until such Registration Default is cured. 
 (c) Any amounts of Additional Interest due pursuant to clause (i), (ii) or (iii) of Section 6(a) above will be payable in cash on the
regular interest payment dates with respect to the Initial Securities. The amount of Additional Interest will be determined by multiplying the applicable Additional Interest rate by the principal amount of the Initial Securities, multiplied by a
fraction, the numerator of which is the number of days such Additional Interest rate was applicable during such period (determined on the basis of a 360-day year comprised of twelve 30-day months), and the denominator of which is 360. 
 (d) “Transfer Restricted Securities” means each Security until (i) the date on which such Transfer Restricted Security has been
exchanged by a person other than a broker-dealer for a freely transferable Exchange Security in the Registered Exchange Offer, (ii) following the exchange by a broker-dealer in the Registered Exchange Offer of an Initial Security for an
Exchange Security, the date on which such Exchange Security is sold to a purchaser who receives from such broker-dealer on or prior to the date of such sale a copy of the prospectus contained in the Exchange Offer Registration Statement,
(iii) the date on which such Initial Security has been effectively registered under the Securities Act and disposed of in accordance with the Shelf Registration Statement or (iv) the date on which such Initial Securities are sold to the
public pursuant to Rule 144 under the Securities Act or is saleable pursuant to Rule 144(k) under the Securities Act. 
 7. Rules 144
and 144A. The Issuer shall use its commercially reasonable efforts to file the reports required to be filed by it under the Securities Act and the Exchange Act in a timely manner and, if at any time the Issuer is not required to file such
reports, it will, upon the request of any Holder of Initial Securities, make publicly available other information so long as necessary to permit sales of their securities pursuant to Rules 144 and 144A. The Issuer covenants that it will take
such further action as any Holder of Initial Securities may reasonably request, all to the extent required from time to time to enable such Holder to sell Initial Securities without registration under the Securities Act within the limitation of the
exemptions provided by Rules 144 and 144A (including the requirements of Rule 144A(d)(4)). The Issuer will provide a copy of this Agreement to prospective purchasers of Initial Securities identified to the Issuer by the Initial Purchasers
upon request. Upon the request of any Holder of Initial Securities, the Issuer shall deliver to such Holder a written statement as to whether it has complied with such requirements. Notwithstanding the foregoing, nothing in this Section 7 shall
be deemed to require the Issuer to register any of its securities pursuant to the Exchange Act. 
 8. Underwritten
Registrations. If any of the Transfer Restricted Securities covered by any Shelf Registration are to be sold in an underwritten offering, the investment banker or investment bankers and manager or managers that will administer the offering
(“Managing Underwriters”) will be selected by the Holders of a majority in aggregate principal amount of such Transfer Restricted Securities to be included in such offering, subject to the prior consent of the Company (such consent
shall not be unreasonably withheld or delayed), and such Holders shall be responsible for all underwriting commissions and discounts and related expenses incurred (to the extent provided by Section 4 hereof) in connection therewith.
Notwithstanding the foregoing, the Holders shall not be entitled to sell their Securities in an underwritten offering if the aggregate principal amount to be sold of such offering is less than $25,000,000. 
 No person may participate in any underwritten registration hereunder unless such person (i) agrees to sell such person’s Transfer Restricted
Securities on the basis reasonably provided in any underwriting arrangements approved by the persons entitled hereunder to approve such arrangements and (ii) completes and executes all questionnaires, powers of attorney, indemnities,
underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements. 
  

 14 

 9. Miscellaneous. 
 (a) Amendments and Waivers. The provisions of this Agreement may not be amended, modified or supplemented, and waivers or consents to
departures from the provisions hereof may not be given, except by the Company and the written consent of the Holders of a majority in principal amount of the Securities affected by such amendment, modification, supplement, waiver or consents.

 (b) Notices. All notices and other communications provided for or permitted hereunder shall be made in writing by hand
delivery, first-class mail, facsimile transmission, or air courier which guarantees overnight delivery: 
 (1) if to a Holder
of the Securities, at the most current address given by such Holder to the Company. 
 (2) if to the Initial Purchasers:

 UBS Securities LLC 
 677 Washington Blvd. 
 Stamford, CT 06901 
 Fax No.: (203) 719-1075 
 Attention: High Yield Syndicate Department 
 with a copy to: 
 Latham & Watkins LLP 
 885 Third Avenue 
 New York, NY 10022 
 Fax No.: (212) 751-4864 
 Attention: Kirk A. Davenport II, Esq. 
 (3) if to the Company, at its address as follows:

 until July 31, 2006: 
 International Coal Group, Inc. 
 2000 Ashland Drive 
 Ashland, KY 41101 
 Attention: Roger L. Nicholson 
 after July 31, 2006: 
 International Coal Group, Inc. 
 300 Corporate Centre Drive 
 Scott Depot, WV 25560 
 Attention: Roger L. Nicholson 
 with a copy to: 
 Jones Day 
 222 East 41st Street 
 New York, NY 10017 
 Fax No.: (212) 755-7306 
 Attention: Randi L. Strudler, Esq. 
  

 15 

 All such notices and communications shall be deemed to have been duly given: at the time delivered by
hand, if personally delivered; three business days after being deposited in the mail, postage prepaid, if mailed; when receipt is acknowledged by recipient’s facsimile machine operator, if sent by facsimile transmission; and on the day
delivered, if sent by overnight air courier guaranteeing next day delivery. 
 (c) No Inconsistent Agreements. The Company
has not, as of the date hereof, entered into, nor shall it, on or after the date hereof, enter into, any agreement with respect to its securities that is inconsistent with the rights granted to the Holders herein or otherwise conflicts with the
provisions hereof. 
 (d) Successors and Assigns. This Agreement shall be binding upon the Company and its successors and
assigns. 
 (e) Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in
separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 
 (f) Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof. 
 (g) Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO
PRINCIPLES OF CONFLICTS OF LAWS. 
 (h) Severability. If any one or more of the provisions contained herein, or the
application thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained herein shall not be affected or
impaired thereby. 
 (i) Securities Held by the Company. Whenever the consent or approval of Holders of a specified
percentage of principal amount of Securities is required hereunder, Securities held by the Company or its affiliates (other than subsequent Holders of Securities if such subsequent Holders are deemed to be affiliates solely by reason of their
holdings of such Securities) shall not be counted in determining whether such consent or approval was given by the Holders of such required percentage. 
 [SIGNATURE PAGES FOLLOW] 
  

 16 

 If the foregoing is in accordance with your understanding of our agreement, please sign and return to the
Company a counterpart hereof, whereupon this instrument, along with all counterparts, will become a binding agreement among the several Initial Purchasers and the Company in accordance with its terms. 
  

			
	INTERNATIONAL COAL GROUP, INC.
		
	By:	 	 /s/ Bennett K. Hatfield

		 	 Name: Bennett K. Hatfield

		 	Title: President, Chief Executive Officer and Director
	
	ICG, INC.
		
	By:	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Assistant Secretary and Treasurer
	
	ICG, LLC
		
	By:	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Assistant Secretary and Treasurer
	
	ICG ADDCAR SYSTEMS, LLC
		
	By:	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Assistant Secretary and Treasurer
	
	ICG EASTERN, LLC
		
	By:	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Secretary and Treasurer
	
	ICG EAST KENTUCKY, LLC
		
	By:	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Secretary and Treasurer

			
	ICG HAZARD, LLC
		
	By:	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Secretary and Treasurer
	
	ICG ILLINOIS, LLC
		
	By:	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Secretary and Treasurer
	
	ICG KNOTT COUNTY, LLC
		
	By:	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Secretary and Treasurer
	
	ICG NATURAL RESOURCES, LLC
		
	By:	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Assistant Secretary and Treasurer
	
	ICG HAZARD LAND, LLC
		
	By:	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Assistant Secretary and Treasurer
	
	ICG EASTERN LAND, LLC
		
	By:	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Assistant Secretary and Treasurer

			
	ICG TYGART VALLEY, LLC
		
	By:	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Assistant Secretary and Treasurer
	
	ICG BECKLEY, LLC
		
	By:	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Assistant Secretary
	
	COALQUEST DEVELOPMENT LLC
		
	By:	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Treasurer and Assistant Secretary
	
	ANKER COAL GROUP, INC.
		
	By:	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President and Treasurer
	
	ANKER GROUP, INC.
		
	By:	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Treasurer and Assistant Secretary
	
	HUNTER RIDGE COAL COMPANY
		
	By:	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Treasurer and Assistant Secretary
	
	ANKER POWER SERVICES, INC.
		
	By:	 	 /s/ Roger L. Nicholson

		 	 Name: Roger L. Nicholson

		 	Title: Secretary

			
	WHITE WOLF ENERGY, INC.
		
	By:	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Treasurer and Assistant Secretary
	
	WOLF RUN MINING COMPANY
		
	By:	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Treasurer and Assistant Secretary
	
	BRONCO MINING COMPANY, INC.
		
	By:	 	 /s/ Roger L. Nicholson

		 	 Name: Roger L. Nicholson

		 	Title: Secretary
	
	HAWTHORNE COAL COMPANY, INC.
		
	By:	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Treasurer and Assistant Secretary
	
	HEATHER GLEN RESOURCES, INC.
		
	By:	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Treasurer and Assistant Secretary
	
	UPSHUR PROPERTY, INC.
		
	By:	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Treasurer and Assistant Secretary

			
	JULIANA MINING COMPANY, INC.
		
	 By:
	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	 Title: Vice President and Treasurer

	
	MARINE COAL SALES COMPANY
		
	 By:
	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Treasurer and Assistant Secretary
	
	MELROSE COAL COMPANY, INC.
		
	 By:
	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Treasurer and Assistant Secretary
	
	PATRIOT MINING COMPANY, INC.
		
	 By:
	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Treasurer and Assistant Secretary
	
	VANTRANS, INC.
		
	 By:
	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Treasurer and Assistant Secretary
	
	KING KNOB COAL CO., INC.
		
	 By:
	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Treasurer and Assistant Secretary
	
	VINDEX ENERGY CORPORATION
		
	 By:
	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Treasurer and Assistant Secretary

			
	 NEW ALLEGHENY LAND HOLDING
 COMPANY, INC.

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: Vice President, Treasurer and Assistant Secretary
	
	SIMBA GROUP, INC.
		
	 By:
	 	 /s/ William D. Campbell

		 	 Name: William D. Campbell

		 	Title: President, Treasurer and Assistant Secretary

 Confirmed and accepted as of the date first above written: 
  

			
	 UBS SECURITIES LLC
 J.P. MORGAN
SECURITIES INC.
 GOLDMAN, SACHS & CO.
 BANC OF AMERICA SECURITIES LLC
 WACHOVIA CAPITAL MARKETS, LLC

		
	 By:
	 	 UBS SECURITIES LLC
 as Representative of the several Initial Purchasers

		
	 By:
	 	 /s/ Christopher Abbate

		 	 Name: Christopher Abbate

		 	 Title: Executive Director

		
	 By:
	 	 /s/ Jamie Brodsky

		 	 Name: Jamie Brodsky

		 	 Title: Assistant Director

 EXHIBIT A 
 GUARANTORS 
  

			
	 Legal Name
	  	 Jurisdiction of
Organization

	 Anker Coal Group, Inc.
	  	 DE

	 Anker Group, Inc.
	  	 DE

	 CoalQuest Development LLC
	  	 DE

	 Hunter Ridge Coal Company (f/k/a Anker Energy Corporation)
	  	 DE

	 ICG ADDCAR Systems, LLC
	  	 DE

	 ICG Beckley, LLC
	  	 DE

	 ICG East Kentucky, LLC
	  	 DE

	 ICG Eastern Land, LLC
	  	 DE

	 ICG Eastern, LLC
	  	 DE

	 ICG Hazard Land, LLC
	  	 DE

	 ICG Hazard, LLC
	  	 DE

	 ICG Illinois, LLC
	  	 DE

	 ICG Knott County, LLC
	  	 DE

	 ICG Natural Resources, LLC
	  	 DE

	 ICG Tygart Valley, LLC
	  	 DE

	 ICG, Inc.
	  	 DE

	 ICG, LLC
	  	 DE

	 Marine Coal Sales Company
	  	 DE

	 Simba Group, Inc.
	  	 DE

	 Upshur Property, Inc.
	  	 DE

	 Vantrans, Inc.
	  	 DE

	 Anker Power Services, Inc.
	  	 WV

	 Bronco Mining Company, Inc.
	  	 WV

	 Hawthorne Coal Company, Inc.
	  	 WV

	 Heather Glen Resources, Inc.
	  	 WV

	 Juliana Mining Company, Inc.
	  	 WV

	 King Knob Coal Co., Inc.
	  	 WV

	 Melrose Coal Company, Inc.
	  	 WV

	 New Allegheny Land Holding Company, Inc.
	  	 WV

	 Patriot Mining Company, Inc.
	  	 WV

	 Vindex Energy Corporation
	  	 WV

	 White Wolf Energy, Inc. (f/k/a Anker Virginia Mining Company, Inc.)
	  	 VA

	 Wolf Run Mining Company (f/k/a Anker West Virginia Mining Company, Inc.)
	  	 WV

 ANNEX A 
 Each broker-dealer that receives Exchange Securities for its own account pursuant to the Exchange Offer must acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Securities. The
Letter of Transmittal states that by so acknowledging and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an “underwriter” within the meaning of the Securities Act. This Prospectus, as it may be amended
or supplemented from time to time, may be used by a broker-dealer in connection with resales of Exchange Securities received in exchange for Initial Securities where such Initial Securities were acquired by such broker-dealer as a result of
market-making activities or other trading activities. The Company has agreed that, for a period of 180 days after the Expiration Date (as defined herein), it will make this Prospectus available to any broker-dealer for use in connection with any
such resale. See “Plan of Distribution.” 

 ANNEX B 
 Each broker-dealer that receives Exchange Securities for its own account in exchange for Securities, where such Initial Securities were acquired by such broker-dealer as a result of market-making activities or other
trading activities, must acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Securities. See “Plan of Distribution.” 

 ANNEX C 
 PLAN OF DISTRIBUTION 
 Each broker-dealer that receives Exchange Securities for its own account pursuant to
the Exchange Offer must acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Securities. This Prospectus, as it may be amended or supplemented from time to time, may be used by a broker-dealer in connection
with resales of Exchange Securities received in exchange for Initial Securities where such Initial Securities were acquired as a result of market-making activities or other trading activities. The Company has agreed that, for a period of 180 days
after the Expiration Date, it will make this prospectus, as amended or supplemented, available to any broker-dealer for use in connection with any such resale. In addition, until           ,
200  , all dealers effecting transactions in the Exchange Securities may be required to deliver a prospectus.(1) 
 The Company will
not receive any proceeds from any sale of Exchange Securities by broker-dealers. Exchange Securities received by broker-dealers for their own account pursuant to the Exchange Offer may be sold from time to time in one or more transactions in the
over-the-counter market, in negotiated transactions, through the writing of options on the Exchange Securities or a combination of such methods of resale, at market prices prevailing at the time of resale, at prices related to such prevailing market
prices or negotiated prices. Any such resale may be made directly to purchasers or to or through brokers or dealers who may receive compensation in the form of commissions or concessions from any such broker-dealer or the purchasers of any such
Exchange Securities. Any broker-dealer that resells Exchange Securities that were received by it for its own account pursuant to the Exchange Offer and any broker or dealer that participates in a distribution of such Exchange Securities may be
deemed to be an “underwriter” within the meaning of the Securities Act and any profit on any such resale of Exchange Securities and any commission or concessions received by any such persons may be deemed to be underwriting compensation
under the Securities Act. The Letter of Transmittal states that, by acknowledging that it will deliver and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an “underwriter” within the meaning of the
Securities Act. 
 For a period of 180 days after the Expiration Date the Company will promptly send additional copies of this Prospectus and
any amendment or supplement to this Prospectus to any broker-dealer that requests such documents in the Letter of Transmittal. The Company has agreed to pay all expenses incident to the Exchange Offer (including the reasonable expenses of one
counsel for the Holders of the Securities) other than commissions or concessions of any brokers or dealers and will indemnify the Holders of the Securities (including any broker-dealers) against certain liabilities, including liabilities under the
Securities Act. 
  

	(1)	In addition, the legend required by Item 502(b) of Regulation S-K will appear on the back cover page of the Exchange Offer prospectus. 

 ANNEX D 
  ̈ CHECK HERE IF YOU ARE A BROKER-DEALER AND WISH TO RECEIVE 10 ADDITIONAL COPIES OF THE PROSPECTUS AND 10 COPIES OF ANY AMENDMENTS OR
SUPPLEMENTS THERETO. 
  

					
			
	 Name:
	  	  	  	
	 Address:
	  	  	  	
		  	  	  	

 If the undersigned is not a broker-dealer, the undersigned represents that it is not engaged in, and does not
intend to engage in, a distribution of Exchange Securities. If the undersigned is a broker-dealer that will receive Exchange Securities for its own account in exchange for Initial Securities that were acquired as a result of market-making activities
or other trading activities, it acknowledges that it will deliver a prospectus in connection with any resale of such Exchange Securities; however, by so acknowledging and by delivering a prospectus, the undersigned will not be deemed to admit that
it is an “underwriter” within the meaning of the Securities Act.Second Amended and Restated Credit Agreement

 Exhibit 10.1 
  

 $325,000,000 
 SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
 dated as of June 23, 2006, 
 among 
 ICG, LLC, 
 as Borrower, 
 INTERNATIONAL COAL
GROUP, INC., 
 as Holdings, 
 THE GUARANTORS PARTY HERETO, 
 as Guarantors, 
 THE LENDERS PARTY HERETO, 
 J.P. MORGAN SECURITIES INC. 
 and 
 UBS SECURITIES LLC,

 as Joint Lead Arrangers and Joint Bookrunners, 
 JPMORGAN CHASE BANK, N.A. 
 and 
 CIT CAPITAL USA INC., 
 as Co-Syndication Agents, 
 BANK OF AMERICA, N.A. 
 and

 WACHOVIA BANK, N.A., 
 as Co-Documentation Agents, 
 JPMORGAN CHASE BANK, N.A. and BANK OF AMERICA, N.A. 
 as Issuing Banks, 
 UBS AG, STAMFORD
BRANCH, 
 as Issuing Bank, Administrative Agent and Collateral Agent, 
 and 
 UBS LOAN FINANCE LLC, 
 as Swingline Lender 
  

 TABLE OF CONTENTS 
  

					
	 Section
	  	 	  	Page
	 ARTICLE I
	  	
		
	 DEFINITIONS
	  	
			
	 SECTION 1.01
	  	 Defined Terms
	  	3
	 SECTION 1.02
	  	 Classification of Loans and Borrowings
	  	35
	 SECTION 1.03
	  	 Terms Generally
	  	35
	 SECTION 1.04
	  	 Accounting Terms; GAAP
	  	35
	 SECTION 1.05
	  	 Resolution of Drafting Ambiguities
	  	36
		
	 ARTICLE II
	  	
		
	 THE CREDITS
	  	
			
	 SECTION 2.01
	  	 Revolving Commitments
	  	36
	 SECTION 2.02
	  	 Loans
	  	36
	 SECTION 2.03
	  	 Borrowing Procedure
	  	37
	 SECTION 2.04
	  	 Evidence of Debt; Repayment of Loans
	  	38
	 SECTION 2.05
	  	 Fees
	  	39
	 SECTION 2.06
	  	 Interest on Loans
	  	40
	 SECTION 2.07
	  	 Termination and Reduction of Commitments
	  	40
	 SECTION 2.08
	  	 Interest Elections
	  	41
	 SECTION 2.09
	  	 Prepayments.
	  	42
	 SECTION 2.10
	  	 Alternate Rate of Interest
	  	43
	 SECTION 2.11
	  	 Increased Costs
	  	44
	 SECTION 2.12
	  	 Breakage Payments
	  	45
	 SECTION 2.13
	  	 Payments Generally; Pro Rata Treatment; Sharing of Setoffs
	  	45
	 SECTION 2.14
	  	 Taxes
	  	47
	 SECTION 2.15
	  	 Mitigation Obligations; Replacement of Lenders
	  	48
	 SECTION 2.16
	  	 Swingline Loans
	  	49
	 SECTION 2.17
	  	 Letters of Credit
	  	50
		
	ARTICLE III	  	
		
	REPRESENTATIONS AND WARRANTIES	  	
			
	 SECTION 3.01
	  	 Organization; Powers
	  	56
	 SECTION 3.02
	  	 Authorization; Enforceability
	  	57
	 SECTION 3.03
	  	 No Conflicts
	  	57
	 SECTION 3.04
	  	 Financial Statements
	  	57
	 SECTION 3.05
	  	 Properties
	  	58
	 SECTION 3.06
	  	 Intellectual Property
	  	58
	 SECTION 3.07
	  	 Equity Interests and Subsidiaries
	  	59
	 SECTION 3.08
	  	 Litigation; Compliance with Laws
	  	60
	 SECTION 3.09
	  	 Agreements
	  	60

  

 -i- 

					
	 Section
	  	 	  	Page
			
	 SECTION 3.10
	  	 Federal Reserve Regulations
	  	60
	 SECTION 3.11
	  	 Investment Company Act; Public Utility Holding Company Act
	  	61
	 SECTION 3.12
	  	 Use of Proceeds
	  	61
	 SECTION 3.13
	  	 Taxes
	  	61
	 SECTION 3.14
	  	 No Material Misstatements
	  	61
	 SECTION 3.15
	  	 Labor Matters
	  	61
	 SECTION 3.16
	  	 Solvency
	  	62
	 SECTION 3.17
	  	 Employee Benefit Plans
	  	62
	 SECTION 3.18
	  	 Environmental Matters
	  	62
	 SECTION 3.19
	  	 Insurance
	  	64
	 SECTION 3.20
	  	 Security Documents
	  	65
	 SECTION 3.21
	  	 Coal Agreements, Mining Leases and Prep Plant Leases
	  	65
	 SECTION 3.22
	  	 Anti-Terrorism Law
	  	66
		
	 ARTICLE IV
	  	
		
	 CONDITIONS TO CREDIT EXTENSIONS
	  	
			
	 SECTION 4.01
	  	 Conditions to Initial Credit Extension
	  	66
	 SECTION 4.02
	  	 Conditions to All Credit Extensions
	  	71
		
	 ARTICLE V
	  	
		
	 AFFIRMATIVE COVENANTS
	  	
			
	 SECTION 5.01
	  	 Financial Statements, Reports, etc.
	  	72
	 SECTION 5.02
	  	 Litigation and Other Notices
	  	74
	 SECTION 5.03
	  	 Existence; Businesses and Properties
	  	74
	 SECTION 5.04
	  	 Insurance
	  	75
	 SECTION 5.05
	  	 Obligations and Taxes
	  	76
	 SECTION 5.06
	  	 Employee Benefits
	  	76
	 SECTION 5.07
	  	 Maintaining Records; Access to Properties and Inspections; Annual Meetings
	  	77
	 SECTION 5.08
	  	 Use of Proceeds
	  	78
	 SECTION 5.09
	  	 Compliance with Environmental Laws; Environmental Reports
	  	78
	 SECTION 5.10
	  	 Material Agreements
	  	78
	 SECTION 5.11
	  	 [Reserved]
	  	79
	 SECTION 5.12
	  	 Additional Collateral; Additional Guarantors
	  	79
	 SECTION 5.13
	  	 Security Interests; Further Assurances
	  	80
	 SECTION 5.14
	  	 Information Regarding Collateral
	  	81
	 SECTION 5.15
	  	 Post-Closing Matters
	  	82
		
	 ARTICLE VI
	  	
		
	 NEGATIVE COVENANTS
	  	
			
	 SECTION 6.01
	  	 Indebtedness
	  	82
	 SECTION 6.02
	  	 Liens
	  	85
	 SECTION 6.03
	  	 Sale and Leaseback Transactions
	  	88

  

 -ii- 

					
	 Section
	  	 	  	Page
			
	 SECTION 6.04
	  	 Investments, Loans and Advances
	  	88
	 SECTION 6.05
	  	 Mergers and Consolidations
	  	89
	 SECTION 6.06
	  	 Asset Sales
	  	90
	 SECTION 6.07
	  	 Acquisitions
	  	91
	 SECTION 6.08
	  	 Dividends
	  	92
	 SECTION 6.09
	  	 Transactions with Affiliates
	  	92
	 SECTION 6.10
	  	 Financial Covenants
	  	93
	 SECTION 6.11
	  	 Prepayments of Other Indebtedness; Modifications of Organizational Documents and Other Documents, etc.
	  	94
	 SECTION 6.12
	  	 Limitation on Certain Restrictions on Subsidiaries
	  	94
	 SECTION 6.13
	  	 Limitation on Issuance of Capital Stock
	  	95
	 SECTION 6.14
	  	 Limitation on Creation of Subsidiaries
	  	95
	 SECTION 6.15
	  	 Business
	  	96
	 SECTION 6.16
	  	 Limitation on Accounting Changes
	  	96
	 SECTION 6.17
	  	 Fiscal Year
	  	96
	 SECTION 6.18
	  	 Lease Obligations
	  	96
	 SECTION 6.19
	  	 No Further Negative Pledge
	  	96
	 SECTION 6.20
	  	 Anti-Terrorism Law; Anti-Money Laundering
	  	97
	 SECTION 6.21
	  	 Embargoed Person
	  	97
	 SECTION 6.22
	  	 Amendments to Reclamation Documents
	  	98
		
	 ARTICLE VII
	  	
		
	 GUARANTEE
	  	
			
	 SECTION 7.01
	  	 The Guarantee
	  	98
	 SECTION 7.02
	  	 Obligations Unconditional
	  	98
	 SECTION 7.03
	  	 Reinstatement
	  	99
	 SECTION 7.04
	  	 Subrogation; Subordination
	  	99
	 SECTION 7.05
	  	 Remedies
	  	100
	 SECTION 7.06
	  	 Instrument for the Payment of Money
	  	100
	 SECTION 7.07
	  	 Continuing Guarantee
	  	100
	 SECTION 7.08
	  	 General Limitation on Guarantee Obligations
	  	100
	 SECTION 7.09
	  	 Release of Guarantors
	  	100
		
	 ARTICLE VIII
	  	
		
	 EVENTS OF DEFAULT
	  	
		
	 ARTICLE IX
	  	
		
	 COLLATERAL ACCOUNT; APPLICATION OF COLLATERAL PROCEEDS
	  	
			
	 SECTION 9.01
	  	 Collateral Account
	  	103
	 SECTION 9.02
	  	 Proceeds of Excluded Issuances
	  	104
	 SECTION 9.03
	  	 Application of Proceeds
	  	105

  

 -iii- 

					
	 Section
	  	 	  	Page
		
	 ARTICLE X
	  	
		
	 THE ADMINISTRATIVE AGENT AND THE COLLATERAL AGENT
	  	
			
	 SECTION 10.01
	  	 Appointment
	  	106
	 SECTION 10.02
	  	 Agent in Its Individual Capacity
	  	106
	 SECTION 10.03
	  	 Exculpatory Provisions
	  	106
	 SECTION 10.04
	  	 Reliance by Agent
	  	106
	 SECTION 10.05
	  	 Delegation of Duties
	  	107
	 SECTION 10.06
	  	 Successor Agent
	  	107
	 SECTION 10.07
	  	 Non-Reliance on Agent and Other Lenders
	  	107
	 SECTION 10.08
	  	 Name Agents
	  	107
	 SECTION 10.09
	  	 Indemnification
	  	107
		
	 ARTICLE XI
	  	
		
	 MISCELLANEOUS
	  	
	 SECTION 11.01
	  	 Notices
	  	108
	 SECTION 11.02
	  	 Waivers; Amendment
	  	109
	 SECTION 11.03
	  	 Expenses; Indemnity
	  	111
	 SECTION 11.04
	  	 Successors and Assigns
	  	113
	 SECTION 11.05
	  	 Survival of Agreement
	  	115
	 SECTION 11.06
	  	 Counterparts; Integration; Effectiveness
	  	116
	 SECTION 11.07
	  	 Severability
	  	116
	 SECTION 11.08
	  	 Right of Setoff
	  	116
	 SECTION 11.09
	  	 Governing Law; Jurisdiction; Consent to Service of Process
	  	116
	 SECTION 11.10
	  	 Waiver of Jury Trial
	  	117
	 SECTION 11.11
	  	 Headings
	  	117
	 SECTION 11.12
	  	 Confidentiality
	  	117
	 SECTION 11.13
	  	 Interest Rate Limitation
	  	118
	 SECTION 11.14
	  	 Lender Addendum
	  	118
	 SECTION 11.15
	  	 Obligations Absolute
	  	118
	 SECTION 11.16
	  	 Amendment and Restatement
	  	119

  

			
	ANNEXES	  	
		
	Annex I	  	Applicable Margin
		
	SCHEDULES	  	
	Schedule 1.01(b)	  	Material Coal Agreements
	Schedule 1.01(c)	  	Mortgaged Property
	Schedule 1.01(d)	  	Significant Mining Properties
	Schedule 1.1(e)	  	Subsidiary Guarantors
	 Schedule 3.03
	  	 Governmental Approvals; Compliance with Laws

	 Schedule 3.05(b)
	  	 Real Property

  

 -iv- 

			
	 Schedule 3.06(c)
	  	 Violations or Proceedings

	 Schedule 3.07(a)
	  	 Subsidiaries

	 Schedule 3.07(c)
	  	 Corporate Organizational Chart

	 Schedule 3.09(c)
	  	 Material Agreements

	 Schedule 3.18
	  	 Environmental and Mining Matters

	 Schedule 3.19
	  	 Insurance

	 Schedule 3.21
	  	 Coal Agreements, Mining Leases and Prep Plant Leases

	 Schedule 4.01(g)
	  	 Local Counsel

	 Schedule 5.15
	  	 Post-Closing Matters

	 Schedule 6.01(b)
	  	 Existing Indebtedness

	 Schedule 6.02(c)
	  	 Existing Liens

	 Schedule 6.04(b)
	  	 Existing Investments

	 Schedule 6.15
	  	 Land Companies Leases

		
	 EXHIBITS
	  	
	 Exhibit A
	  	 Form of Administrative Questionnaire

	 Exhibit B
	  	 Form of Assignment and Acceptance

	 Exhibit C
	  	 Form of Borrowing Request

	 Exhibit D
	  	 Form of Compliance Certificate

	 Exhibit E
	  	 Form of Interest Election Request

	 Exhibit F
	  	 Form of Joinder Agreement

	 Exhibit G
	  	 Form of LC Request

	 Exhibit H
	  	 Form of Lender Addendum

	 Exhibit I-1
	  	 Form of Mortgage

	 Exhibit I-2
	  	 Form of Leasehold Mortgage

	 Exhibit J-1
	  	 Form of Revolving Note

	 Exhibit J-2
	  	 Form of Swingline Note

	 Exhibit K-l
	  	 Form of Perfection Certificate

	 Exhibit K-2
	  	 Form of Perfection Certificate Supplement

	 Exhibit L
	  	 [Reserved]

	 Exhibit M-1
	  	 Form of Opinion of Company Counsel

	 Exhibit M-2
	  	 Form of Opinion of Local Counsel

	 Exhibit N
	  	 Form of Solvency Certificate

	 Exhibit O
	  	 Form of Intercompany Note

	 Exhibit P
	  	 Form of Non-Bank Certificate

  

 -v- 

 SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
 This SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”), dated as of June 23, 2006, among INTERNATIONAL COAL GROUP, INC., a
Delaware corporation (“Holdings”), ICG, LLC, a Delaware limited liability company and a wholly owned direct subsidiary of Holdings (“Borrower”), the Subsidiary Guarantors (such term and each other capitalized term
used but not defined herein having the meaning given to them in Article I), the Lenders, J.P. MORGAN SECURITIES INC. and UBS SECURITIES LLC (“UBSS”), as joint lead arrangers and joint bookrunners (together in such capacities,
“Arrangers”), JPMORGAN CHASE BANK, N.A. and CIT CAPITAL USA INC., as co-syndication agents (together in such capacity, “Syndication Agents”), BANK OF AMERICA, N.A. and WACHOVIA BANK, N.A., as
co-documentation agents (together in such capacity, “Documentation Agents”), JPMORGAN CHASE BANK, N.A. and BANK OF AMERICA, N.A., as Issuing Banks, UBS LOAN FINANCE LLC (“UBS”), as swingline lender (in such
capacity, “Swingline Lender”), and UBS AG, STAMFORD BRANCH, in its capacity as Issuing Bank, as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders and as collateral
agent (in such capacity, “Collateral Agent”) for the Secured Parties. 
 WITNESSETH: 
 WHEREAS, Borrower entered into an amended and restated asset purchase agreement, dated as of June 2, 2004 (as amended, supplemented or otherwise
modified from time to time in accordance with the provisions hereof and thereof, the “Acquisition Agreement”), with Horizon Natural Resources Company and certain of its subsidiaries as specified in the Acquisition Agreement
(collectively, “Sellers”), debtors and debtors-in-possession in cases under chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Cases”) pending in the United States Bankruptcy Court for the Eastern
District of Kentucky, Ashland Division (such court or any other United States Bankruptcy Court having jurisdiction over the Bankruptcy Cases, the “Bankruptcy Court”), pursuant to which Borrower acquired (the
“Acquisition”) certain assets (the “Acquired Business”) of Sellers. 
 WHEREAS, in connection with the
Acquisition, Borrower entered into (i) the Credit Agreement, dated as of September 30, 2004 ( the “Original Credit Agreement”), among Borrower, Holdings, the lenders party thereto, the guarantors party thereto, UBSS as
lead arranger, UBS as swingline lender and UBS AG, Stamford Branch as administrative agent, issuing bank and collateral agent and (ii) the Amended and Restated Credit Agreement, dated as of November 5, 2004 (as amended by (a) the
First Amendment to Amended and Restated Credit Agreement, dated as of November 30, 2004, (b) the Second Amendment, dated as of June 29, 2005, (the “Second Amendment”) (c) the Third Amendment to Amended and
Restated Credit Agreement, dated as of February 16, 2006 and (d) the Fourth Amendment, dated as of March 21, 2006, in each case among Borrower and the Lenders party thereto, the “First Amended and Restated Credit
Agreement”), among Borrower, Holdings, the lenders party thereto, the guarantors party thereto, UBSS as lead arranger, UBS as swingline lender and UBS AG, Stamford Branch as administrative agent, issuing bank and collateral agent.

 WHEREAS, before giving effect to the Merger Transactions (as defined below), Borrower was a direct wholly owned subsidiary of ICG, Inc.
(f/k/a International Coal Group, Inc.) (“ICG, Inc.”). 
 WHEREAS, for the purpose of facilitating the acquisition by
International Coal Group, Inc. of Anker Coal Group, Inc. (“Anker”) and its subsidiaries and CoalQuest Development LLC 

 
(“CoalQuest”), International Coal Group, Inc. was formed as a direct wholly owned subsidiary of ICG, Inc., New ICG, LLC was formed as a
direct wholly owned subsidiary of International Coal Group, Inc. and ICG Merger Sub, Inc. and Anker Merger Sub, Inc. were each formed as a direct wholly owned subsidiary of New ICG, LLC. 
 WHEREAS, pursuant to the Business Combination Agreement, dated as of March 31, 2005 (as amended on May 10, 2005, the “Anker BC
Agreement”), among ICG, Inc., International Coal Group, Inc., ICG Merger Sub, Inc., Anker Merger Sub, Inc. and Anker, as of November 18, 2005 (1) ICG, Inc. was merged downstream with ICG Merger Sub, Inc., leaving ICG, Inc. as the
surviving entity, all shares of International Coal Group, Inc. owned by ICG, Inc. were canceled and ICG, Inc. shareholders received International Coal Group, Inc. shares in exchange for their ICG, Inc. shares, resulting in ICG, Inc. becoming a
direct wholly owned subsidiary of New ICG, LLC, and (2) Anker and Anker Merger Sub, Inc. merged, with Anker being the surviving company, and Anker shareholders received International Coal Group, Inc. shares in exchange for their Anker shares,
resulting in Anker becoming a direct wholly owned subsidiary of New ICG, LLC (the transactions described in clauses (1) and (2), the “Anker Business Combination Transactions”). 
 WHEREAS, pursuant to the Business Combination Agreement, dated as of March 31, 2005 (as amended on May 10, 2005, the “CoalQuest BC
Agreement”), among ICG, Inc., International Coal Group, Inc., CoalQuest and the members of CoalQuest, as of November 18, 2005 such members contributed their membership interests in CoalQuest to International Coal Group, Inc. in
exchange for shares of International Coal Group, Inc. (the “CoalQuest Business Combination Transaction” and, together with the Anker Business Combination Transaction, the “Business Combination Transactions”).

 WHEREAS, promptly following the Business Combination Transactions, (1) Borrower distributed its subsidiaries existing before the
Merger Transactions to ICG, Inc., (2) Borrower merged upstream with New ICG, LLC, with Borrower being the surviving entity, (3) WLR Coalquest Holding Corp. liquidated and distributed its assets to International Coal Group, Inc., and
(4) International Coal Group, Inc. contributed all of its interests in CoalQuest to Borrower (the “Related Transactions” and, together with the Business Combination Transactions, the “Merger Transactions”).

 WHEREAS, upon the consummation of the Merger Transactions, Borrower became a direct wholly owned subsidiary of International Coal Group,
Inc., and each of ICG, Inc., Anker and CoalQuest became direct wholly owned subsidiaries of Borrower and Borrower’s subsidiaries existing before the Merger Transactions became direct wholly owned subsidiaries of ICG, Inc. 
 WHEREAS, in connection with the Merger Transactions, Borrower entered into the Second Amendment. 
 WHEREAS, Borrower would like to amend and restate the First Amended and Restated Credit Agreement to effect the credit extensions described below.

 WHEREAS, Borrower has requested the Lenders to extend credit in the form of Revolving Loans, at any time and from time to time prior to
the Revolving Maturity Date, in an aggregate principal amount at any time outstanding not in excess of $325.0 million. 
  

 -2- 

 WHEREAS, Borrower has requested the Swingline Lender to make Swingline Loans, at any time and from time
to time prior to the Revolving Maturity Date, in an aggregate principal amount at any time outstanding not in excess of $10.0 million. 
 WHEREAS, Borrower has requested the Issuing Banks to issue letters of credit under the Revolving Commitments in an aggregate face amount at any time outstanding not in excess of $125.0 million to support Borrower’s and its
Subsidiaries’ surety bonding program and workers’ compensation requirements and other general corporate purposes of Borrower and its Subsidiaries. 
 WHEREAS, the proceeds of the Loans are to be used in accordance with Section 3.12. 
 NOW,
THEREFORE, the Lenders are willing to extend such credit to Borrower and the Issuing Banks are willing to issue letters of credit for the account of Borrower, in each case on the terms and subject to the conditions set forth herein, and the Lenders
and the Issuing Banks are willing to amend and restate the First Amended and Restated Credit Agreement as set forth herein. Accordingly, the parties hereto agree as follows: 
 ARTICLE I 
 DEFINITIONS 
 SECTION 1.01 Defined Terms. As used in this Agreement, the following terms shall have the meanings specified below: 
 “ABR”, when used in reference to any Loan or Borrowing, is used when such Loan, or the Loans comprising such Borrowing, are bearing
interest at a rate determined by reference to the Alternate Base Rate. 
 “ABR Borrowing” shall mean a Borrowing comprised
of ABR Loans. 
 “ABR Loan” shall mean any Revolving Loan bearing interest at a rate determined by reference to the
Alternate Base Rate in accordance with the provisions of Article II. 
 “Acquired Business” shall have the
meaning assigned to such term in the first recital hereto. 
 “Acquisition” shall have the meaning assigned to such term in
the first recital hereto. 
 “Acquisition Agreement” shall have the meaning assigned to such term in the first recital
hereto. 
 “Acquisition Consideration” shall mean the purchase consideration for any Permitted Acquisition and all other
payments by any Company in exchange for, or as part of, or otherwise directly related to, any Permitted Acquisition, whether paid in cash or by exchange of Equity Interests or of properties or otherwise and whether payable at or prior to the
consummation of such Permitted Acquisition or deferred for payment at any future time, whether or not any such future payment is subject to the occurrence of any contingency, and includes any and all payments representing the purchase price and any
assumptions of Indebtedness, “earn-outs” and other agreements to make any payment the amount of which is, or the terms of payment of which are, in any respect subject to or contingent upon the revenues, income, cash flow or profits (or the
like) of any person or business; provided that any such 

  

 -3- 

 
future payment that is subject to a contingency shall be considered Acquisition Consideration only to the extent of the reserve, if any, required under GAAP
at the time of such Permitted Acquisition to be established in respect thereof by any Company. 
 “Active Operating
Properties” shall mean all property covered by outstanding Environmental or Mining Permits (a) issued to any of the Companies or (b) to be transferred to any of the Companies in connection with a completed acquisition of assets or
Equity Interests by any of the Companies, but shall exclude all property covered by outstanding Environmental or Mining Permits which any of the Companies are contractually bound to transfer to another person (other than another Company).

 “Adjusted LIBOR Rate” shall mean, with respect to any Eurodollar Borrowing for any Interest Period, (a) an interest
rate per annum (rounded upward, if necessary, to the next 1/100th of 1%) determined by the Administrative Agent to be equal to the LIBOR Rate for such Eurodollar Borrowing in effect for such Interest Period divided by (b) 1 minus
the Statutory Reserves (if any) for such Eurodollar Borrowing for such Interest Period. 
 “Administrative Agent” shall have
the meaning assigned to such term in the preamble hereto and includes each other person appointed as the successor to the Administrative Agent pursuant to Article X. 
 “Administrative Agent Fees” shall have the meaning assigned to such term in Section 2.05(b). 
 “Administrative Questionnaire” shall mean an Administrative Questionnaire in the form of Exhibit A, or such other form as
may be supplied from time to time by the Administrative Agent. 
 “Advisors” shall have the meaning assigned to such term in
Section 11.03(a). 
 “Advisory Services Agreement” shall mean the Advisory Services Agreement, effective as of
October 1, 2004, between Holdings and Sponsor. 
 “Affiliate” shall mean, when used with respect to a specified person,
another person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the person specified; provided, however, that, for purposes of Section 6.09, the term
“Affiliate” shall also include (i) any person that directly or indirectly owns more than 10% of any class of Equity Interests of the person specified or (ii) any person that is an executive officer or director of the person
specified. 
 “Agents” shall mean the Arrangers, the Documentation Agents, the Syndication Agents, the Administrative Agent
and the Collateral Agent; and “Agent” shall mean any of them. 
 “Agreement” shall have the meaning
assigned to such term in the preamble hereto. 
 “Alternate Base Rate” shall mean, for any day, a rate per annum (rounded
upward, if necessary, to the next 1/100th of 1%) equal to the greater of (a) the Base Rate in effect on such day and (b) the Federal Funds Effective Rate in effect on such day plus 0.50%. If the Administrative Agent shall have
determined (which determination shall be conclusive absent manifest error) that it is unable to ascertain the Federal Funds Effective Rate for any reason, including the inability or failure of the Administrative Agent to obtain sufficient quotations
in accordance with the terms of the definition 

  

 -4- 

 
thereof, the Alternate Base Rate shall be determined without regard to clause (b) of the preceding sentence until the circumstances giving rise to such
inability no longer exist. Any change in the Alternate Base Rate due to a change in the Base Rate or the Federal Funds Effective Rate shall be effective on the effective date of such change in the Base Rate or the Federal Funds Effective Rate,
respectively. 
 “Anker” shall have the meaning assigned to such term in the fourth recital of this Agreement. 

“Anker BC Agreement” shall have the meaning assigned to such term in the fifth recital to this Agreement. 
 “Anker Business Combination Transactions” shall have the meaning assigned to such term in the fifth recital to this Agreement.

 “Anti-Terrorism Laws” shall have the meaning assigned to such term in Section 3.22. 
 “Applicable Fee” shall mean, for any day, with respect to any Revolving Commitment, (a) 0.50% per annum up to and including the
date on which Borrower shall have delivered Exchange Act reports pursuant to Section 5.01(b) for the fiscal quarter of Borrower ending on September 30, 2006, and (b) thereafter, the applicable percentage set forth in
Annex I under the caption “Applicable Fee”. 
 “Applicable Margin” shall mean, for any day, with
respect to any Revolving Loan or Swingline Loan, as the case may be, the applicable percentage set forth in Annex I under the appropriate caption. 
 “Arrangers” shall have the meaning assigned to such term in the preamble hereto. 
 “Asset Sale” shall mean (a) any conveyance, sale, lease, sublease, assignment, transfer or other disposition (including by way of merger or consolidation and including any Sale and Leaseback Transaction) of any
property (excluding sales of inventory and dispositions of cash equivalents, in each case, in the ordinary course of business) by any Company and (b) any issuance or sale of any Equity Interests of any Subsidiary of Holdings, in the case of
(a) and (b) above, other than (i) to Borrower, (ii) to any Subsidiary Guarantor (other than the Land Companies) or (iii) for purposes of Section 6.06, to any other Subsidiary (other than the Land Companies).

 “Assignment and Acceptance” shall mean an assignment and acceptance entered into by a Lender and an assignee, and
accepted by the Administrative Agent, substantially in the form of Exhibit B, or such other form as shall be approved by the Administrative Agent. 
 “Attributable Indebtedness” shall mean, when used with respect to the lessee under any Sale and Leaseback Transaction, as at the time of determination, the present value (discounted at a rate
equivalent to Borrower’s then-current weighted average cost of funds for borrowed money as at the time of determination, compounded on a semi-annual basis) of the total obligations of the lessee for rental payments during the remaining term of
the lease included in any such Sale and Leaseback Transaction. 
 “Auto-Renewal Letter of Credit” shall have the meaning
assigned to such term in Section 2.17(c)(ii). 
 “Bankruptcy Cases” shall have the meaning assigned to such term
in the first recital hereto. 
  

 -5- 

 “Bankruptcy Court” shall have the meaning assigned to such term in the first recital
hereto. 
 “Base Rate” shall mean, for any day, a rate per annum that is equal to the corporate base rate of interest
established by the Administrative Agent from time to time; each change in the Base Rate shall be effective on the date such change is effective. The corporate base rate is not necessarily the lowest rate charged by the Administrative Agent to its
customers. 
 “Black Lung Act” shall mean the Black Lung Benefits Act, as the same may be amended from time to time.

 “Black Lung Liabilities” shall mean any liability or benefit obligations related to black lung claims and benefits under
the Black Lung Benefits Act of 1972, 30 U.S.C. §§ 901, et seq., the Federal Mine Safety and Health Act of 1977, 30 U.S.C. §§ 801, et seq., the Black Lung Benefits Reform Act of 1977, Pub. L.
No. 95-239, 92 Stat. 95 (1978), and the Black Lung Benefits Amendments of 1981, Pub. L. No. 97-119, Title 11, 95 Stat. 1643, in each case as amended, if applicable, and occupational pneumoconiosis, silicosis or other lung disease
liabilities and benefits arising under federal or state Requirements of Law. 
 “Board” shall mean the Board of Governors of
the Federal Reserve System of the United States. 
 “Board of Directors” shall mean, with respect to any person, (i) in
the case of any corporation, the board of directors of such person, (ii) in the case of any limited liability company, the sole manager, the board of managers or the board of directors of such person, as applicable, (iii) in the case of
any partnership, the board of directors of the general partner of such person and (iv) in any other case, the functional equivalent of the foregoing. 
 “Bonding Agreements” shall mean, collectively, the Travelers Bonding Agreement, the Travelers Indemnity Agreement and any other bonding, reimbursement or similar agreement entered into with an
insurance or other company in connection with Reclamation or similar obligations. 
 “Borrower” shall have the meaning
assigned to such term in the preamble hereto. 
 “Borrower Change of Control Agreement” shall mean any lease, contract or
other agreement (in each case, other than the Travelers Indemnity Agreement, the Travelers Bonding Agreement and any renewal, amendment or replacement of the foregoing on substantially the same terms) that prohibits, restricts or otherwise impairs
the granting or enforcement of a Lien on the Equity Interests in Borrower to the Collateral Agent for the benefit of the Secured Parties or under which the granting or enforcement of such Lien would result in a default, termination, right to
terminate or other remedy in favor of the counterparty thereto. 
 “Borrowing” shall mean (a) Loans of the same Class
and Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect, or (b) a Swingline Loan. 
 “Borrowing Request” shall mean a request by Borrower in accordance with the terms of Section 2.03 or
Section 2.16(b) and substantially in the form of Exhibit C, or such other form as shall be approved by the Administrative Agent. 
  

 -6- 

 “Business Day” shall mean any day other than a Saturday, Sunday or other day on which
banks in New York City are authorized or required by law to close; provided, however, that when used in connection with a Eurodollar Loan, the term “Business Day” shall also exclude any day on which banks are not open for dealings
in dollar deposits in the London interbank market. 
 “Business Combination Transactions” shall have the meaning assigned to
such term in the sixth recital to this Agreement. 
 “Capital Expenditures” shall mean, for any period, without duplication,
the increase during that period in the gross property, plant or equipment account in the consolidated balance sheet of Holdings and its consolidated Subsidiaries, determined in accordance with GAAP, including any increase due to the purchase of
properties for cash or financed by the incurrence of Indebtedness, but excluding, (i) any portion of such increase attributable solely to acquisitions of property, plant or equipment in Permitted Acquisitions and (ii) any portion of such
increase attributable to a Like-Kind Exchange. 
 “Capital Lease Obligations” of any person shall mean the obligations of
such person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on
a balance sheet of such person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 
 “Cash Equivalents” shall mean, as to any person, (a) securities issued, or directly, unconditionally and fully guaranteed or insured, by the United States or any agency or instrumentality thereof
(provided that the full faith and credit of the United States is pledged in support thereof) having maturities of not more than one year from the date of acquisition by such person; (b) time deposits and certificates of deposit or
banker’s acceptances of any Lender or any commercial bank having, or which is the principal banking subsidiary of a bank holding company organized under the laws of the United States, any state thereof or the District of Columbia having,
capital and surplus aggregating in excess of $500.0 million and a rating of “A” (or such other similar equivalent rating) or higher by at least one nationally recognized statistical rating organization (as defined in Rule 436 under the
Securities Act) with maturities of not more than one year from the date of acquisition by such person; (c) repurchase obligations with a term of not more than 30 days for underlying securities of the types described in clause (a)
above entered into with any bank meeting the qualifications specified in clause (b) above, which repurchase obligations are secured by a valid perfected security interest in the underlying securities; (d) commercial paper issued by any
person incorporated in the United States rated at least A-1 or the equivalent thereof by Standard & Poor’s Rating Service or at least P-1 or the equivalent thereof by Moody’s Investors Service Inc., and in each case maturing not
more than one year after the date of acquisition by such person; (e) marketable direct obligations issued by any state of the United States of America or any political subdivision of any such state or any public instrumentality thereof, in each
case maturing within one year after such date and having, at the time of the acquisition thereof, a rating of at least A-1 from Standard & Poor’s Rating Service and at least P-1 from Moody’s Investors Service, Inc.; (f) tax
exempted and tax advantaged instruments including, without limitation, municipal bonds, auction rate preferred stock and variable rate demand obligations with the highest short-term ratings by either Moody’s Investors Service, Inc. or
Standard & Poor’s Rating Service or a long-term rating of AAA by Standard & Poor’s Rating Service or Aaa by Moody’s Investors Service, Inc.; and (g) investments in money market funds substantially all of whose
assets are comprised of securities of the types described in clauses (a) through (f) above; and (h) demand deposit accounts maintained in the ordinary course of business. 
  

 -7- 

 “Cash Interest Expense” shall mean, for any period, Consolidated Interest Expense for
such period, less the sum of (a) interest on any Indebtedness paid by the increase in the principal amount of such debt including by issuance of additional Indebtedness of such kind, (b) items described in clause (c) or (g)(i)
of the definition of “Consolidated Interest Expense” and (c) gross interest income of Holdings and its consolidated Subsidiaries for such period. 
 “Casualty Event” shall mean any loss of title or any loss of or damage to or destruction of, or any condemnation or other taking (including by any Governmental Authority) of, any property of any
Company. “Casualty Event” shall include but not be limited to any taking of all or any part of any Real Property of any person or any part thereof, in or by condemnation or other eminent domain proceedings pursuant to any Requirement of
Law, or by reason of the temporary requisition of the use or occupancy of all or any part of any Real Property of any person or any part thereof by any Governmental Authority, civil or military. 
 “Caterpillar Indebtedness” shall mean Indebtedness owing to Caterpillar Financial Services Corporation or any of its affiliates in
connection with the purchase or acquisition of equipment. 
 “CERCLA” shall mean the Comprehensive Environmental Response,
Compensation, and Liability Act of 1980, as amended, 42 U.S.C. § 9601 et seq. 
 A “Change in Control”
shall be deemed to have occurred if: 
 (a) at any time a change in control occurs under (i) any Senior Unsecured Note
Document or (ii) any other Indebtedness incurred pursuant to Section 6.01(n) to the extent the change of control provision for such Indebtedness is substantially the same as, or more favorable to the holders of such Indebtedness
than, the change of control provision in the Senior Unsecured Note Documents; 
 (b) any “person” or
“group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), other than one or more Permitted Holders, is or becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act, except that
for purposes of this clause such person or group shall be deemed to have “beneficial ownership” of all securities that such person or group has the right to acquire, whether such right is exercisable immediately or only after the passage
of time), directly or indirectly, of Voting Stock of Holdings representing more than 35% of the voting power of the total outstanding Voting Stock of Holdings; 
 (c) any of the following shall occur: (i) during any period of two consecutive years, individuals who at the beginning of such period
constituted the Board of Directors of Holdings (together with any new directors whose election to such Board of Directors or whose nomination for election was approved by a vote of a majority of the members of the Board of Directors of Holdings,
which members comprising such majority are then still in office and were either directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to constitute a majority of the
Board of Directors of Holdings; or (ii) any “person” or “group” (as defined above) shall (w) take any action that could reasonably be construed as an effort to cause the circumstance described in clause (i),
(x) send a “bear hug letter” or similar communication to the management of Holdings, (y) launch a tender offer or proxy contest or engage in similar actions with respect to the Voting Stock of Holdings, or (z) take any other
action the purpose of which is to force out, or otherwise oppose the composition of, the Board of Directors of Holdings; provided that a Change in Control under this 

  

 -8- 

 
clause (d) shall not be deemed to have occurred if and for so long as the Permitted Holders own, or have the power to vote or direct the voting of,
Voting Stock with sufficient voting power to elect a majority of the members of the Board of Directors of Holdings; or 
 (d)
Holdings ceases to own 100% of the Equity Interests of Borrower. 
 “Change in Law” shall mean (a) the adoption of any
Requirement of Law after the date of this Agreement, (b) any change in any Requirement of Law or in the interpretation or application thereof by any Governmental Authority after the date of this Agreement or (c) compliance by any Lender or
Issuing Bank (or for purposes of Section 2.11(b), by any lending office of such Lender or by such Lender’s or Issuing Bank’s holding company, if any) with any request, guideline or directive (whether or not having the force of
law) of any Governmental Authority made or issued after the date of this Agreement. 
 “Charges” shall have the meaning
assigned to such term in Section 11.13. 
 “Class,” when used in reference to any Loan or Borrowing, refers to
whether such Loan, or the Loans comprising such Borrowing, are Revolving Loans or Swingline Loans and, when used in reference to any Commitment, refers to whether such Commitment is a Revolving Commitment or Swingline Commitment, in each case, under
this Agreement as originally in effect or as amended in accordance with the terms hereof pursuant to Section 11.02(d). 
 “Coal” shall mean coal owned by any Company, or coal that any Company has the right to extract, in each case located on, under or within, or produced or severed from, Real Property owned, leased or operated by any Company.

 “Coal Act” shall mean the Coal Industry Retiree Health Benefits Act of 1992, as amended. 
 “Coal Agreements” shall mean those contracts now in effect or hereafter entered into by any Company for the sale, purchase, exchange,
processing or handling of Coal. 
 “CoalQuest” shall have the meaning assigned to such term in the fourth recital to this
Agreement. 
 “CoalQuest BC Agreement” shall have the meaning assigned to such term in the sixth recital to this Agreement.

 “CoalQuest Business Combination Transaction” shall have the meaning assigned to such term in the sixth recital to this
Agreement. 
 “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time. 
 “Collateral” shall mean, collectively, all of the Security Agreement Collateral, the Mortgaged Property and all other property of
whatever kind and nature pledged as collateral under any Security Document. 
 “Collateral Account” shall mean a collateral
account or sub-account in the form of a deposit account established and maintained by the Collateral Agent for the benefit of the Secured Parties in accordance with the provisions of Section 9.01. 
  

 -9- 

 “Collateral Agent” shall have the meaning assigned to such term in the preamble hereto
and includes each other person appointed as the successor to the Collateral Agent pursuant to Article X. 
 “Commercial Letter
of Credit” shall mean any letter of credit or similar instrument issued for the purpose of providing credit support in connection with the purchase of materials, goods or services by Borrower or any of its Subsidiaries in the ordinary
course of their businesses. 
 “Commitment” shall mean, with respect to any Lender, such Lender’s Revolving Commitment
or Swingline Commitment and any Commitment to make Revolving Loans of a new Class extended by such Lender as provided in Section 11.02(d). 
 “Commitment Fee” shall have the meaning assigned to such term in Section 2.05(a). 
 “Commitment Letter” shall mean the Revolving Credit Facility Commitment Letter, dated as of June 22, 2006, among Holdings, Borrower, JPMorgan Chase Bank, N.A., J.P. Morgan Securities Inc., UBS Loan Finance LLC and UBS
Securities LLC. 
 “Companies” shall mean Holdings and its Subsidiaries; and “Company” shall mean any one
of them. 
 “Compliance Certificate” shall mean a certificate of a Financial Officer of Borrower substantially in the form
of Exhibit D. 
 “Confidential Information Memorandum” shall mean that certain confidential information
memorandum to be delivered by Borrower to the Arrangers in accordance with the Commitment Letter. 
 “Consolidated Amortization
Expense” shall mean, for any period, the amortization expense of Holdings and its consolidated Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP. 
 “Consolidated Depreciation Expense” shall mean, for any period, the depreciation expense of Holdings and its consolidated Subsidiaries
for such period, determined on a consolidated basis in accordance with GAAP. 
 “Consolidated EBITDA” shall mean, for any
period, Consolidated Net Income for such period, adjusted by (x) adding thereto, in each case only to the extent (and in the same proportion) deducted in determining such Consolidated Net Income (and with respect to the portion of
Consolidated Net Income attributable to any Subsidiary of Holdings only if a corresponding amount would be permitted at the date of determination to be distributed to Holdings by such Subsidiary without prior approval (that has not been obtained),
pursuant to the terms of its Organizational Documents and all agreements, instruments and Requirements of Law applicable to such Subsidiary or its equity holders): 
 (a) Consolidated Interest Expense for such period, 
 (b) Consolidated Amortization Expense for such period, 
 (c) Consolidated Depreciation Expense for such period, 
 (d) Consolidated Tax Expense for such period, 
  

 -10- 

 (e) the aggregate amount of cash charges reducing Consolidated Net Income that are
directly incurred in connection with (i) the Sago Mine Incident (not to exceed $15.2 million) and (ii) the Viper Mine Incident (not to exceed $3.5 million); provided that such cash charges shall not be included in Consolidated
EBITDA for the purposes of determining the Applicable Margin or the Commitment Fee pursuant to Annex I, 
 (f) for any
twelve-month period following the twelve-month period in which the Sago Mine Incident and/or the Viper Mine Incident occurred, the aggregate amount of any extraordinary, non-recurring cash charges, as certified by a Financial Officer of Borrower
(not to exceed $10.0 million in any twelve-month period); provided that such extraordinary, non-recurring cash charges shall not be included in Consolidated EBITDA for the purposes of determining the Applicable Margin or the Commitment Fee
pursuant to Annex I, 
 (g) the aggregate amount of net income attributable to The Sycamore Group LLC (not to exceed
$1.0 million in any twelve-month period); and 
 (h) the aggregate amount of all other non-cash items reducing Consolidated
Net Income (excluding any non-cash charge that results in an accrual of a reserve for cash charges in any future period) for such period, and 
 (y) subtracting therefrom the aggregate amount of all non-cash items increasing Consolidated Net Income (other than the accrual of revenue or recording of receivables in the ordinary course of business) for such period.

 Consolidated EBITDA shall be calculated on a Pro Forma Basis to give effect to the Acquisition, the Merger Transactions, any Permitted
Acquisition and any Asset Sales (other than any dispositions in the ordinary course of business) consummated at any time on or after the first day of the Test Period with respect thereto as if the Acquisition, the Merger Transactions and each such
Permitted Acquisition had been effected on the first day of such period and as if each such Asset Sale had been consummated on the day prior to the first day of such period (subject to clause (c) of the definition of Consolidated Net Income).

 “Consolidated Indebtedness” shall mean, without duplication, as at any date of determination, the aggregate amount of all
Indebtedness of Holdings and its consolidated Subsidiaries, determined on a consolidated basis in accordance with GAAP. 
 “Consolidated Interest Coverage Ratio” shall mean, for any Test Period, the ratio of (x) Consolidated EBITDA for such Test Period to (y) Consolidated Interest Expense for such Test Period. 
 “Consolidated Interest Expense” shall mean, for any period, the total consolidated interest expense of Holdings and its consolidated
Subsidiaries for such period determined on a consolidated basis in accordance with GAAP plus, without duplication: 
 (a) imputed interest on Capital Lease Obligations and Attributable Indebtedness of Holdings and its consolidated Subsidiaries for such period; 
 (b) commissions, discounts and other fees and charges owed by Holdings or any of its consolidated Subsidiaries with respect to letters of credit securing financial obligations, bankers’ acceptance financings and
receivables financings for such period; 
  

 -11- 

 (c) amortization of debt issuance costs, debt discount or premium and other financing
fees and expenses incurred by Holdings or any of its consolidated Subsidiaries for such period; 
 (d) cash contributions to
any employee stock ownership plan or similar trust made by Holdings or any of its consolidated Subsidiaries for such period to the extent such contributions are used by such plan or trust to pay interest or fees to any person (other than Holdings or
a Wholly Owned Subsidiary thereof) in connection with Indebtedness incurred by such plan or trust; 
 (e) all interest paid or
payable for such period with respect to discontinued operations of Holdings or any of its consolidated Subsidiaries, 
 (f)
the interest portion of any deferred payment obligations of Holdings or any of its consolidated Subsidiaries for such period; 
 (g) all interest for such period on any Indebtedness of Holdings or any of its consolidated Subsidiaries of the type described in (i) clause (e), (f), (m) or (o) of Section 6.01 or (ii) clause (n) of
Section 6.01; 
 provided that (a) to the extent directly related to the Transactions, debt issuance costs, debt discount or premium and
other financing fees and expenses shall be excluded from the calculation of Consolidated Interest Expense and (b) Consolidated Interest Expense shall be calculated after giving effect to Hedging Agreements (including associated costs), but
excluding unrealized gains and losses with respect to Hedging Agreements. 
 Consolidated Interest Expense shall be calculated on a Pro Forma
Basis to give effect to any Indebtedness incurred, assumed or permanently repaid or extinguished during the relevant Test Period in connection with the Acquisition, the Merger Transactions, any Permitted Acquisitions and any Asset Sales (other than
any dispositions in the ordinary course of business) as if such incurrence, assumption, repayment or extinguishing had been effected on the first day of such period. 
 “Consolidated Net Income” shall mean, for any period, the consolidated net income (or loss) of Holdings and its consolidated Subsidiaries determined on a consolidated basis in accordance with GAAP;
provided that there shall be excluded from such net income (to the extent otherwise included therein), without duplication: 
 (a) the net income (or loss) of any person (other than a Subsidiary of Borrower) in which any person other than Holdings and its consolidated Subsidiaries has an ownership interest, except to the extent that cash in an amount equal to any
such income has actually been received by Borrower or (subject to clause (b) below) any of its consolidated Subsidiaries during such period; 
 (b) the net income of any consolidated Subsidiary of Borrower during such period to the extent that the declaration or payment of dividends or similar distributions by such Subsidiary of that income is not permitted
by operation of the terms of its Organizational Documents or any agreement, instrument or Requirement of Law applicable to that Subsidiary during such period, except that Holdings’ equity in net loss of any such Subsidiary for such period shall
be included in determining Consolidated Net Income; 
  

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 (c) the net income (or loss) of Anker and CoalQuest prior to November 18, 2005;

 (d) any gain (or loss), together with any related provisions for taxes on any such gain (or the tax effect of any such
loss), realized during such period by Holdings or any of its consolidated Subsidiaries upon any Asset Sale (other than any dispositions in the ordinary course of business) by Holdings or any of its consolidated Subsidiaries; 
 (e) gains and losses due solely to fluctuations in currency values and the related tax effects according to GAAP for such period;

 (f) earnings or losses resulting from any reappraisal, revaluation or write-up or write-down of assets; 
 (g) unrealized gains and losses with respect to Hedging Obligations for such period; and 
 (h) any extraordinary or nonrecurring gain (or extraordinary or nonrecurring loss), together with any related provision for taxes on any
such gain (or the tax effect of any such loss), recorded or recognized by Holdings or any of its consolidated Subsidiaries during such period. 
 For
purposes of this definition of “Consolidated Net Income,” “nonrecurring” means any gain or loss as of any date that is not reasonably likely to recur within the two years following such date; provided that if there was a
gain or loss similar to such gain or loss within the two years preceding such date, such gain or loss shall not be deemed nonrecurring. 
 “Consolidated Secured Indebtedness” shall mean Consolidated Indebtedness that is secured by a Lien on any assets of any Company. 
 “Consolidated Tax Expense” shall mean, for any period, the tax expense of Holdings and its consolidated Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

 “Contested Collateral Lien Conditions” shall mean, with respect to any Permitted Lien of the type described in
clauses (a), (b), (f) and (g) of Section 6.02, the following conditions: 
 (a) Borrower shall
cause any proceeding instituted contesting such Lien to stay the sale or forfeiture of any portion of the Collateral on account of such Lien; and 
 (b) such Lien shall in all respects be subject and subordinate in priority to the Lien and security interest created and evidenced by the Security Documents, except if and to the extent that the law or regulation
creating, permitting or authorizing such Lien provides that such Lien is or must be superior to the Lien and security interest created and evidenced by the Security Documents. 
 “Contingent Obligation” shall mean, as to any person, any obligation, agreement, understanding or arrangement of such person
guaranteeing or intended to guarantee any Indebtedness, leases, dividends or other obligations (“primary obligations”) of any other person (the “primary obligor”) in any manner, whether directly or indirectly,
including any obligation of such person, whether or not contingent, (a) to purchase any such primary obligation or any property constituting direct or indirect security therefor; (b) to advance or supply funds (i) for the purchase or
payment of any such 

  

 -13- 

 
primary obligation or (ii) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of
the primary obligor; (c) to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation; (d) with
respect to bankers’ acceptances, letters of credit and similar credit arrangements, until a reimbursement obligation arises (which reimbursement obligation shall constitute Indebtedness); or (e) otherwise to assure or hold harmless the
holder of such primary obligation against loss in respect thereof; provided, however, that the term “Contingent Obligation” shall not include endorsements of instruments for deposit or collection in the ordinary course of business
or any product warranties. The amount of any Contingent Obligation shall be deemed to be an amount equal to the stated or determinable amount of the primary obligation in respect of which such Contingent Obligation is made (or, if less, the maximum
amount of such primary obligation for which such person may be liable, whether severally or jointly, pursuant to the terms of the instrument evidencing such Contingent Obligation) or, if not stated or determinable, the maximum reasonably anticipated
liability in respect thereof (assuming such person is required to perform thereunder) as determined by such person in good faith. 
 “Control” shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a person, whether through the ownership of voting securities, by contract or
otherwise, and the terms “Controlling” and “Controlled” shall have meanings correlative thereto. 
 “Control Agreement” shall have the meaning assigned to such term in the Security Agreement. 
 “Controlled
Investment Affiliate” shall mean, as to any person, any other person which directly or indirectly is in Control of, is Controlled by, or is under common Control with, such person and is organized by such person (or any person Controlling
such person) primarily for making equity or debt investments in Holdings or other portfolio companies. 
 “Credit Extension”
shall mean, as the context may require, (i) the making of a Loan by a Lender or (ii) the issuance of any Letter of Credit, or the amendment, extension or renewal of any existing Letter of Credit, by an Issuing Bank; provided that
Credit Extensions shall not include conversions or continuations of existing Loans. 
 “Default” shall mean any event,
occurrence or condition which is, or upon notice, lapse of time or both would constitute, an Event of Default. 
 “Disqualified
Capital Stock” shall mean any Equity Interest which, by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable), or upon the happening of any event, (a) matures (excluding any maturity
as the result of an optional redemption by the issuer thereof) or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof, in whole or in part, on or prior to the first
anniversary of the Revolving Maturity Date, (b) is convertible into or exchangeable (unless at the sole option of the issuer thereof) for (i) debt securities or (ii) any Equity Interests referred to in (a) above, in each case at
any time on or prior to the first anniversary of the Revolving Maturity Date, or (c) contains any repurchase obligation which may come into effect prior to payment in full of all Obligations. 
 “Dividend” with respect to any person shall mean that such person has declared or paid a dividend or returned any equity capital to the
holders of its Equity Interests or authorized or made any 

  

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other distribution, payment or delivery of property (other than Qualified Capital Stock of such person) or cash to the holders of its Equity Interests as
such, or redeemed, retired, purchased or otherwise acquired, directly or indirectly, for consideration any of its Equity Interests outstanding (or any options or warrants issued by such person with respect to its Equity Interests), or set aside any
funds for any of the foregoing purposes, or shall have permitted any of its Subsidiaries to purchase or otherwise acquire for consideration any of the Equity Interests of such person outstanding (or any options or warrants issued by such person with
respect to its Equity Interests). Without limiting the foregoing, “Dividends” with respect to any person shall also include all payments made or required to be made by such person with respect to any stock appreciation rights, plans,
equity incentive or achievement plans or any similar plans or setting aside of any funds for the foregoing purposes. 
 “Documentation Agents” shall have the meaning assigned to such term in the preamble hereto. 
 “dollars” or “$” shall mean lawful money of the United States. 
 “Embargoed
Person” shall have the meaning assigned to such term in Section 6.21. 
 “Environment” shall mean
ambient air, surface water and groundwater (including potable water, navigable water and wetlands), the land surface or subsurface strata, natural resources, the workplace (including indoor air) or as otherwise defined in any Environmental Law.

 “Environmental Claim” shall mean any claim, notice, demand, order, action, suit, proceeding or other communication
alleging liability for investigation, remediation, removal, cleanup, Response, corrective action, damages to natural resources, personal injury, property damage, fines, penalties or other costs resulting from, related to or arising out of
(i) the presence, Release or threatened Release in or into the Environment of, or exposure to, Hazardous Materials at any location, (ii) the Reclamation, or alleged need for Reclamation, of any current or former Mines, or (iii) any
violation of Environmental Law, and shall include any claim seeking damages, contribution, indemnification, cost recovery, compensation or injunctive relief resulting from, related to or arising out of the presence, Release or threatened Release of
Hazardous Materials or alleged injury or threat of injury to health, safety or the Environment as a result thereof. 
 “Environmental
Laws” shall mean any and all applicable former, present and future Requirements of Law relating to protection of public health or the Environment, the Release or threatened Release of Hazardous Materials, natural resources or natural
resource damages, or occupational safety or health. Environmental Laws shall include, but not be limited to the CERCLA; the Resource Conservation and Recovery Act; the Toxic Substances Control Act; the Federal Water Pollution Control Act; the
Hazardous Materials Transportation Act; the Clean Air Act; the Safe Drinking Water Act; the Occupational Safety and Health Act; the Federal Insecticide, Fungicide and Rodenticide Act; and the Endangered Species Act, each as amended, and any
comparable state and local laws or regulations. Environmental Laws shall also include, but not be limited to, any and all applicable Mining Laws. 
 “Environmental or Mining Permit” shall mean any permit, license, approval, consent or other authorization by or from a Governmental Authority required for coal mining or Reclamation or otherwise required under Environmental
Law or Mining Law. 
 “Equity Interest” shall mean, with respect to any person, any and all shares, interests,
participations or other equivalents, including membership interests (however designated, whether voting 

  

 -15- 

 
or nonvoting), of equity of such person, including, if such person is a partnership, partnership interests (whether general or limited) and any other equity
interest or participation that confers on a person the right to receive a share of the profits and losses of, or distributions of property of, such partnership, whether outstanding on the Second Restatement Date or issued after the Second
Restatement Date, but excluding debt securities convertible or exchangeable into such equity. 
 “ERISA” shall mean the
Employee Retirement Income Security Act of 1974, as the same may be amended from time to time. 
 “ERISA Affiliate” shall
mean, with respect to any person, any trade or business (whether or not incorporated) that, together with such person, is treated as a single employer under Section 414(b) or (c) of the Code, or solely for purposes of Section 302 of
ERISA and Section 412 of the Code, is treated as a single employer under Section 414 of the Code. 
 “ERISA Event”
shall mean (a) any “reportable event,” as defined in Section 4043 of ERISA or the regulations issued thereunder, with respect to a Plan (other than an event for which the 30-day notice period is waived by regulation);
(b) the existence with respect to any Plan of an “accumulated funding deficiency” (as defined in Section 412 of the Code or Section 302 of ERISA), whether or not waived, the failure to make by its due date a required
installment under Section 412(m) of the Code with respect to any Plan or the failure to make any required contribution to a Multiemployer Plan; (c) the filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA of
an application for a waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by any Company or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan;
(e) the incurrence by any Company, any of its ERISA Affiliates or any its “related persons” (as defined in the Coal Act) of any liability under the Coal Act except with respect to premiums or other payments required thereunder which
have been paid when due; (f) the incurrence by any Company or any of its ERISA Affiliates of any liability under the Black Lung Act; (g) the receipt by any Company or any of its ERISA Affiliates from the PBGC or a plan administrator of any
notice relating to the intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan, or the occurrence of any event or condition which would reasonably be expected to constitute grounds under ERISA for the termination of,
or the appointment of a trustee to administer, any Plan; (h) the incurrence by any Company or any of its ERISA Affiliates of any liability with respect to the withdrawal from any Plan or Multiemployer Plan; (i) the receipt by any Company
or its ERISA Affiliates of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA; (j) the
making of any amendment to any Plan which could result in the imposition of a lien or the posting of a bond or other security; and (k) the occurrence of a nonexempt prohibited transaction (within the meaning of Section 4975 of the Code or
Section 406 of ERISA) which would reasonably be expected to result in liability of any Company. 
 “Eurodollar
Borrowing” shall mean a Borrowing comprised of Eurodollar Loans. 
 “Eurodollar Loan” shall mean any Revolving Loan
bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II. 
 “Event of Default” shall have the meaning assigned to such term in Article VIII. 
 “Excess
Amount” shall have the meaning assigned to such term in Section 2.09(c)(ii). 
 “Exchange Act” shall
mean the Securities Exchange Act of 1934, as amended. 
  

 -16- 

 “Excluded Issuance” shall mean (i) an issuance and sale of Qualified Capital Stock
of Holdings to one or more persons who own Equity Interests in Holdings immediately prior to such issuance and sale, to the extent such Qualified Capital Stock is used, or the Net Cash Proceeds thereof are used, within 270 days of the
consummation of such issuance and sale, to finance one or more Permitted Acquisitions, and which such Net Cash Proceeds, to the extent they exceed $1.0 million in any fiscal year, shall be deposited by Borrower in the Collateral Account and released
only pursuant to Article IX, or (ii) an issuance of Indebtedness pursuant to Section 6.01(n), so long as after giving effect to the incurrence of such Indebtedness, the Leverage Ratio is at least 0.25 to 1.00 less than the
maximum Leverage Ratio permitted for the most recent Test Period as set forth in Section 6.10(a), calculated on a Pro Forma Basis. 
 “Excluded Taxes” shall mean, with respect to the Administrative Agent, any Lender, any Issuing Bank or any other recipient of any payment to be made by or on account of any obligation of Borrower hereunder, (a) income
or franchise taxes imposed on (or measured by) its net income by the United States, or by the jurisdiction under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its
applicable lending office is located, and (b) in the case of a Foreign Lender (other than an assignee pursuant to a request by Borrower under Section 2.15), any withholding tax that is imposed on amounts payable to such Foreign
Lender at the time such Foreign Lender becomes a party to this Agreement (or designates a new lending office) or is attributable to such Foreign Lender’s failure to comply with Section 2.14(e) or inability to establish pursuant to
Section 2.14(e) that it is entitled to a complete exemption from withholding tax on or before the date such Foreign Lender becomes a party to this Agreement, except to the extent that such Foreign Lender (or its assignor, if any) was
entitled, at the time of designation of a new lending office (or assignment), to receive additional amounts from Borrower with respect to such withholding tax pursuant to Section 2.14(a) (it being understood and agreed, for the avoidance
of doubt, that any withholding tax imposed on a Foreign Lender as a result of a Change in Law or regulation or interpretation thereof occurring after the time such Foreign Lender became a party to this Agreement shall not be an Excluded Tax).

 “Executive Order” shall have the meaning assigned to such term in Section 3.22. 
 “Federal Funds Effective Rate” shall mean, for any day, the weighted average of the rates on overnight federal funds transactions with
members of the Federal Reserve System of the United States arranged by federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a
Business Day, the average of the quotations for the day for such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by it. 
 “Fee Letter” shall mean the Revolving Credit Facility Fee Letter, dated June 22, 2006, among Borrower, JPMorgan Chase Bank, N.A.,
J.P. Morgan Securities Inc., UBS Loan Finance LLC and UBS Securities LLC. 
 “Fees” shall mean the Commitment Fees, the
Administrative Agent Fees, the LC Participation Fees and the LC Fronting Fees. 
 “Financial Officer” of any person shall
mean the chief financial officer, principal accounting officer, treasurer or controller of such person, or any officer with an equivalent position performing duties normally attributable to any of the foregoing. 
  

 -17- 

 “First Amended and Restated Credit Agreement” shall have the meaning assigned to such
term in the second recital to this Agreement. 
 “FIRREA” shall mean the Financial Institutions Reform, Recovery and
Enforcement Act of 1989. 
 “Foreign Lender” shall mean any Lender that is not, for United States federal income tax
purposes, (i) a citizen or resident of the United States, (ii) a corporation or entity treated as a corporation created or organized in or under the laws of the United States, or any political subdivision thereof, (iii) an estate
whose income is subject to U.S. federal income taxation regardless of its source or (iv) a trust if a court within the United States is able to exercise primary supervision over the administration of such trust and one or more United States
persons have the authority to control all substantial decisions of such trust. 
 “Foreign Subsidiary” shall mean a
Subsidiary that is organized under the laws of a jurisdiction other than the United States or any state thereof or the District of Columbia. 
 “GAAP” shall mean generally accepted accounting principles in the United States applied on a consistent basis. 
 “Governmental Authority” shall mean any federal, state, local or foreign court, central bank or governmental agency, authority, instrumentality or regulatory body or any subdivision thereof. 
 “Governmental Real Property Disclosure Requirements” shall mean any Requirement of Law of any Governmental Authority requiring
notification of the buyer, lessee, mortgagee, assignee or other transferee of any Real Property, facility, establishment or business, or notification, registration or filing to or with any Governmental Authority, in connection with the sale, lease,
mortgage, assignment or other transfer (including any transfer of control) of any Real Property, facility, establishment or business, of the actual or threatened presence or Release in or into the Environment, or the use, disposal or handling of
Hazardous Materials on, at, under or near the Real Property, facility, establishment or business to be sold, leased, mortgaged, assigned or transferred. 
 “Guaranteed Obligations” shall have the meaning assigned to such term in Section 7.01. 
 “Guarantees” shall mean the guarantees issued pursuant to Article VII by Holdings and the Subsidiary Guarantors. 
 “Guarantors” shall mean Holdings and the Subsidiary Guarantors. 
 “Hazardous
Materials” shall mean the following: hazardous substances; hazardous wastes; polychlorinated biphenyls (“PCBs”) or any equipment containing PCBs; asbestos or any asbestos-containing materials in any form or condition; radon
or any other radioactive materials including any source, special nuclear or by-product material; petroleum, crude oil or any fraction thereof; any Coal ash, Coal combustion by-products or waste, boiler slag, scrubber residue or flue desulphurization
material; and any other pollutant or contaminant or chemicals, wastes, materials, compounds, constituents or substances, which are prohibited, limited or regulated by or pursuant to, or which could give rise to liability under, Environmental Laws.

  

 -18- 

 “Hedging Agreement” shall mean any swap, cap, collar, forward purchase or similar
agreements or arrangements dealing with interest rates, currency exchange rates or commodity prices, either generally or under specific contingencies. 
 “Hedging Obligations” shall mean obligations under or with respect to Hedging Agreements. 
 “Holdings” shall mean (a) prior to the Merger Amendments Effective Date, ICG, Inc. (formerly known as International Coal Group, Inc.) and (b) on and after the Merger Amendments Effective Date, International Coal
Group, Inc. 
 “Holdings Lease” shall mean the Coal Mining Lease, dated as of May 22, 1998, between Ark Land Company,
as lessor and Holdings (as successor to Leslie Resources, Inc.), as lessee. 
 “ICG, Inc.” shall have the meaning assigned
to such term in the third recital to this Agreement. 
 “Indebtedness” of any person shall mean, without duplication,
(a) all obligations of such person for borrowed money or advances; (b) all obligations of such person evidenced by bonds, debentures, notes or similar instruments; (c) all obligations of such person upon which interest charges are
customarily paid or accrued; (d) all obligations of such person under conditional sale or other title retention agreements relating to property purchased by such person; (e) all obligations of such person issued or assumed as the deferred
purchase price of property or services (excluding trade accounts payable and accrued obligations incurred in the ordinary course of business on normal trade terms and not overdue by more than 150 days); (f) all Indebtedness of others
secured by any Lien on property owned or acquired by such person, whether or not the obligations secured thereby have been assumed, but limited to the lesser of the fair market value of such property and the aggregate amount of the obligations so
secured; (g) all Capital Lease Obligations, Purchase Money Obligations and synthetic lease obligations of such person; (h) all Hedging Obligations to the extent required to be reflected on a balance sheet of such person (provided
that Hedging Obligations will not be considered Indebtedness for purposes of the definition of “Material Indebtedness” and Section 6.10); (i) all Attributable Indebtedness of such person; (j) all obligations of such
person for the reimbursement of any obligor in respect of letters of credit, letters of guaranty, surety bonds, bankers’ acceptances and similar credit transactions; and (k) all Contingent Obligations of such person in respect of
Indebtedness or obligations of others of the kinds referred to in clauses (a) through (j) above. The Indebtedness of any person shall include the Indebtedness of any other entity (including any partnership in which such person is a general
partner) to the extent such person is liable therefor as a result of such person’s ownership interest in or other relationship with such entity, except (other than in the case of general partner liability) to the extent that terms of such
Indebtedness expressly provide that such person is not liable therefor. 
 “Indemnified Taxes” shall mean Taxes other than
Excluded Taxes. 
 “Indemnitee” shall have the meaning assigned to such term in Section 11.03(b). 
 “Information” shall have the meaning assigned to such term in Section 11.12. 
 “Insurance Policies” shall mean the insurance policies and coverages required to be maintained by each Loan Party which is an owner of
Mortgaged Property with respect to the applicable Mortgaged Property pursuant to Section 5.04 and all renewals and extensions thereof. 
  

 -19- 

 “Insurance Requirements” shall mean, collectively, all provisions of the Insurance
Policies, all requirements of the issuer of any of the Insurance Policies and all orders, rules, regulations and any other requirements of the National Board of Fire Underwriters (or any other body exercising similar functions) binding upon each
Loan Party which is an owner of Mortgaged Property and applicable to the Mortgaged Property or any use or condition thereof. 
 “Intellectual Property” shall have the meaning assigned to such term in Section 3.06(a). 
 “Intercompany Note” shall mean a promissory note substantially in the form of Exhibit O. 
 “Interest Election Request” shall mean a request by Borrower to convert or continue a Revolving Borrowing in accordance with Section 2.08(b), substantially in the form of Exhibit E. 
 “Interest Payment Date” shall mean (a) with respect to any ABR Loan (including Swingline Loans), each
January 10, April 10, July 10 and October 10 to occur during any period in which such Loan is outstanding, (b) with respect to any Eurodollar Loan, the last day of the Interest Period applicable to the Borrowing of
which such Loan is a part and, in the case of a Eurodollar Loan with an Interest Period of more than three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after
the first day of such Interest Period, and (c) with respect to any Revolving Loan or Swingline Loan, the Revolving Maturity Date or such earlier date on which the Revolving Commitments are terminated. 
 “Interest Period” shall mean, with respect to any Eurodollar Borrowing, (x) until a Successful Syndication (as defined in the
Commitment Letter) has occurred, the period commencing on the date of such Borrowing and ending seven days thereafter, or (y) after a Successful Syndication has occurred, the period commencing on the date of such Borrowing and ending on the
numerically corresponding day in the calendar month that is one, two, three or six months (or, if each affected Lender so agrees, nine months) thereafter, as Borrower may elect; provided that (i) if any Interest Period would end on a day
other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding
Business Day, and (ii) any Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last
Business Day of the last calendar month of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or
continuation of such Borrowing; provided, however, that an Interest Period shall be limited to the extent required under Section 2.03(d). 
 “Investments” shall have the meaning assigned to such term in Section 6.04. 
 “Issuing Bank” shall mean, as the context may require, (a) JPMorgan Chase Bank, N.A., with respect to Letters of Credit issued by it; (b) UBS AG, Stamford Branch, with respect to Letters of Credit issued by it;
(c) Bank of America, N.A., with respect to the Letters of Credit issued by it; (d) any other Lender that may become an Issuing Bank pursuant to Section 2.17(j) or 2.17(k) with respect to Letters of Credit issued by such
Lender; or (e) collectively, all of the foregoing. 
 “Joinder Agreement” shall mean a joinder agreement substantially
in the form of Exhibit F. 
  

 -20- 

 “Land Companies” shall mean, collectively, ICG Eastern Land, LLC, ICG Hazard Land, LLC
and any other Wholly Owned Subsidiary of an operating Subsidiary of ICG, Inc. that does not hold any assets other than Subsidiary Change of Control Agreements. 
 “LC Commitment” shall mean the commitment of an Issuing Bank to issue Letters of Credit pursuant to Section 2.17. The amount of the LC Commitment shall initially be $125.0 million, but in
no event shall exceed the aggregate amount of Revolving Commitments. 
 “LC Disbursement” shall mean a payment or
disbursement made by an Issuing Bank pursuant to a Letter of Credit. 
 “LC Exposure” shall mean at any time the sum of
(a) the aggregate undrawn amount of all outstanding Letters of Credit at such time plus (b) the aggregate principal amount of all LC Reimbursement Obligations outstanding at such time. The LC Exposure of any Revolving Lender at any
time shall mean its Pro Rata Percentage of the aggregate LC Exposure at such time. 
 “LC Fronting Fee” shall have the
meaning assigned to such term in Section 2.05(c). 
 “LC Participation Fee” shall have the meaning assigned to
such term in Section 2.05(c). 
 “LC Reimbursement Obligations” shall mean Borrower’s obligations under
Section 2.17(e) to reimburse LC Disbursements. 
 “LC Request” shall mean a request by Borrower in accordance
with the terms of Section 2.17(b) and substantially in the form of Exhibit G, or such other form as shall be approved by the Administrative Agent. 
 “LC Sub-Account” shall have the meaning assigned to such term in Section 9.01(d). 
 “Leases” shall mean any and all leases, subleases, tenancies, options, concession agreements, rental agreements, occupancy agreements, franchise agreements, access agreements and any other agreements (including all
amendments, extensions, replacements, renewals, modifications and/or guarantees thereof), whether or not of record and whether now in existence or hereafter entered into, affecting the use or occupancy of all or any portion of any Real Property.

 “Lender Addendum” shall mean with respect to any Lender on the Second Restatement Date, a lender addendum substantially
in the form of Exhibit H, to be executed and delivered by such Lender on the Second Restatement Date, as provided in Section 11.14. 
 “Lender Affiliate” shall mean with respect to any Lender that is a fund that invests in commercial loans, any other fund that invests in commercial loans and is managed or advised by the same
investment advisor as such Lender or by an Affiliate of such advisor. 
 “Lenders” shall mean (a) the financial
institutions that have become a party hereto pursuant to a Lender Addendum, other than, in each case, any such financial institution that has ceased to be a party hereto pursuant to an Assignment and Acceptance, and (b) any financial
institution that has become a party hereto pursuant to an Assignment and Acceptance, other than, in each case, any such financial institution that has ceased to be a party hereto pursuant to an Assignment and Acceptance. Unless the context clearly
indicates otherwise, the term “Lenders” shall include the Swingline Lender. 
  

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 “Letter of Credit” shall mean any Standby Letter of Credit or Commercial Letter of
Credit issued or to be issued by an Issuing Bank under the LC Commitment for the account of Borrower pursuant to Section 2.17. 
 “Letter of Credit Expiration Date” shall mean the date that is 5 days prior to the Revolving Maturity Date. 
 “Leverage Ratio” shall mean, at any date of determination, the ratio of Consolidated Indebtedness on such date to Consolidated EBITDA for the Test Period then most recently ended. 
 “LIBOR Rate” shall mean, with respect to any Eurodollar Borrowing for any Interest Period therefor, the rate per annum determined by the
Administrative Agent to be the arithmetic mean (rounded to the nearest 1/100th of 1%) of the offered rates for deposits in dollars with a term comparable to such Interest Period that appears on the Telerate British Bankers Assoc. Interest Settlement
Rates Page (as defined below) at approximately 11:00 a.m., London, England time, on the second full Business Day preceding the first day of such Interest Period; provided, however, that (i) if no comparable term for an Interest Period is
available, the LIBOR Rate shall be determined using the weighted average of the offered rates for the two terms most nearly corresponding to such Interest Period and (ii) if there shall at any time no longer exist a Telerate British Bankers
Assoc. Interest Settlement Rates Page, “LIBOR Rate” shall mean, with respect to each day during each Interest Period pertaining to Eurodollar Borrowings comprising part of the same Borrowing, the rate per annum equal to the rate at which
the Administrative Agent is offered deposits in dollars at approximately 11:00 a.m., London, England time, two Business Days prior to the first day of such Interest Period in the London interbank market for delivery on the first day of such Interest
Period for the number of days comprised therein and in an amount comparable to its portion of the amount of such Eurodollar Borrowing to be outstanding during such Interest Period. “Telerate British Bankers Assoc. Interest Settlement Rates
Page” shall mean the display designated as Page 3750 on the Telerate System Incorporated Service (or such other page as may replace such page on such service for the purpose of displaying the rates at which dollar deposits are offered
by leading banks in the London interbank deposit market). 
 “Lien” shall mean, with respect to any property, (a) any
mortgage, deed of trust, lien, pledge, claim, charge, assignment, hypothecation, security interest or other encumbrance of any kind or any filing of any financing statement under the UCC or any other similar notice of Lien under any similar notice
or recording statute of any Governmental Authority, including any easement, right-of-way or other encumbrance on title to Real Property, in each of the foregoing cases whether voluntary or imposed by Requirement of Law, and any agreement to give any
of the foregoing; (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating
to such property; and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities. 
 “Like-Kind Exchange” shall mean the exchange of equipment, reserves or similar property for property with a reasonably equivalent monetary value in the context of the Companies’ normal business
operations. 
 “Loan Documents” shall mean this Agreement, the Letters of Credit, the Notes (if any), the Security
Documents, the Commitment Letter, the Fee Letter, any documents or certificates executed by any Company in favor of an Issuing Bank relating to Letters of Credit, and all other documents, 

  

 -22- 

 
instruments and agreements executed and delivered by a Loan Party for the benefit of any Agent, any Issuing Bank or any Lender in connection herewith.

 “Loan Parties” shall mean Holdings, Borrower and the Subsidiary Guarantors. 
 “Loans” shall mean, as the context may require, a Revolving Loan or a Swingline Loan. 
 “Margin Stock” shall have the meaning assigned to such term in Regulation U. 
 “Material Adverse Effect” shall mean (a) a material adverse effect on the business, property, results of operations or condition,
financial or otherwise, of the Companies, taken as a whole; (b) material impairment of the ability of the Loan Parties to fully and timely perform any of their obligations under any Loan Document; (c) material impairment of the rights of
or benefits or remedies available to the Lenders or the Collateral Agent under any Loan Document; or (d) a material adverse effect on the Collateral (taken as a whole) or the Liens in favor of the Collateral Agent (for its benefit and for the
benefit of the other Secured Parties) on the Collateral or the priority of such Liens. 
 “Material Agreements” shall mean
the Reclamation Documents, the Material Coal Agreements, the Senior Unsecured Note Documents and any other agreement to which any Company is a party, the termination of which, individually or in conjunction with any other agreements, would
reasonably be expected to result in a Material Adverse Effect. 
 “Material Coal Agreements” shall mean (a) any Coal
Agreement listed on Schedule 1.01(b) and (b) any other Coal Agreement pursuant to which the amounts received by, or the amounts paid by, the Companies in any year exceed 5% of Consolidated EBITDA for such year. 
 “Material Indebtedness” shall mean any Indebtedness (other than the Loans and Letters of Credit) of the Companies in an aggregate
outstanding principal amount exceeding $10.0 million. 
 “Maximum Rate” shall have the meaning assigned to such term in
Section 11.13. 
 “Merger Amendments Effective Date” shall mean November 18, 2005. 
 “Merger Transactions” shall have the meaning assigned to such term in the seventh recital to this Agreement. 
 “Mine” shall mean any excavation or opening into the earth now and hereafter made from which Coal is or can be extracted on or from any
of the properties owned or leased by any Company, together with all appurtenances, fixtures, structures, improvements and all tangible property of whatsoever kind or nature in connection therewith. 
 “Minimum Secured Reserves” shall mean the aggregate amount (in tons) of Coal reserves included in the Collateral on the date immediately
following the Post Closing Action Completion Date (as defined in the Original Credit Agreement), as certified in an Officers’ Certificate of Borrower delivered to the Administrative Agent in accordance with Section 5.15(a) of the
Original Credit Agreement. 
 “Mining Laws” shall mean any and all applicable former, present and future Requirements of Law
relating to surface or subsurface mining operations and activities. Mining Laws shall include, but not be limited to, the Federal Coal Leasing Amendments Act; the Surface Mining 

  

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Control and Reclamation Act; all other applicable land reclamation and use statutes and regulations; the Federal Mine Safety Act of 1977; the Black Lung Act;
and the Coal Act, each as amended, and any comparable state and local laws or regulations. 
 “Mining Lease” shall mean a
Lease that provides a Company the right to mine Coal reserves. 
 “Mining Title” shall mean fee simple title to surface
and/or Coal or an undivided interest in fee simple title thereto or a leasehold interest in all or an undivided interest in surface and/or Coal together with no less than those real properties, easements, licenses, privileges, rights and
appurtenances as are necessary to mine, remove, process and transport Coal in the manner presently operated. 
 “Mortgage”
shall mean an agreement, including, but not limited to, a mortgage, deed of trust or any other document, creating and evidencing a Lien on a Mortgaged Property, which (i) in the case of Real Property owned in fee, shall be substantially in the
form of Exhibit I-1 or other form reasonably satisfactory to the Collateral Agent, and (ii) in the case of leased Real Property, shall be substantially in the form of Exhibit I-2 or other form reasonably satisfactory to
the Collateral Agent, in each case, with such schedules and including such provisions as shall be necessary to conform such document to applicable Requirements of Law or as shall be customary under applicable Requirements of Law. 
 “Mortgaged Property” shall mean (a) each Real Property identified on Schedule 1.01(c) hereto and (b) each Real
Property, if any, which shall be subject to a Mortgage delivered after the Second Amendment Closing Date pursuant to Section 5.12(c). 
 “Multiemployer Plan” shall mean a multiemployer plan within the meaning of Section 4001(a)(3) or Section 3(37) of ERISA (a) to which any Company or any ERISA Affiliate is then making or accruing an obligation
to make contributions; (b) to which any Company or any ERISA Affiliate has within the preceding five plan years made contributions; or (c) with respect to which any Company could incur liability. 
 “Net Cash Proceeds” shall mean, with respect to any Excluded Issuance, the cash proceeds thereof, net of customary fees, commissions,
underwriting discounts, costs and other expenses incurred in connection therewith. 
 “Notes” shall mean the notes
evidencing Revolving Loans or Swingline Loans issued pursuant to this Agreement, substantially in the form of Exhibit J-1 or J-2 . 
 “Obligations” shall mean (a) obligations of Borrower and the other Loan Parties from time to time arising under or in respect of the due and punctual payment of (i) the principal of and
premium, if any, and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans, when and as due,
whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by Borrower and the other Loan Parties under this Agreement in respect of any Letter of Credit, when and as due,
including payments in respect of LC Reimbursement Obligations, interest thereon and obligations to provide cash collateral and (iii) all other monetary obligations, including fees, costs, expenses and indemnities, whether primary, secondary,
direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether 

  

 -24- 

 
allowed or allowable in such proceeding), of Borrower and the other Loan Parties under this Agreement and the other Loan Documents, (b) the due and
punctual performance of all covenants, agreements, obligations and liabilities of Borrower and the other Loan Parties under or pursuant to this Agreement and the other Loan Documents, (c) the due and punctual payment and performance of all
obligations of Borrower and the other Loan Parties under each Hedging Agreement relating to the Loans entered into with any counterparty that was a Lender or an Affiliate of a Lender at the time such Hedging Agreement was entered into and
(d) the due and punctual payment and performance of all obligations in respect of overdrafts and related liabilities owed to any Lender, any Affiliate of a Lender, the Administrative Agent or the Collateral Agent arising from treasury,
depositary and cash management services or in connection with any automated clearinghouse transfer of funds. 
 “OFAC” shall
have the meaning assigned to such term in Section 3.22. 
 “Officers’ Certificate” shall mean a certificate
executed by the chairman of the Board of Directors (if an officer), the chief executive officer or the president and one of the Financial Officers, each in his or her official (and not individual) capacity. 
 “Organizational Documents” shall mean, with respect to any person, (i) in the case of any corporation, the certificate of
incorporation and by-laws (or similar documents) of such person, (ii) in the case of any limited liability company, the certificate of formation and operating agreement (or similar documents) of such person, (iii) in the case of any
limited partnership, the certificate of formation and limited partnership agreement (or similar documents) of such person, (iv) in the case of any general partnership, the partnership agreement (or similar document) of such person and
(v) in any other case, the functional equivalent of the foregoing. 
 “Original Closing Date” shall mean
October 1, 2004. 
 “Original Credit Agreement” shall have the meaning assigned to such term in the second recital to
this Agreement. 
 “Other List” shall have the meaning assigned to such term in Section 6.21. 
 “Other Taxes” shall mean any and all present or future stamp or documentary taxes or any other excise or property taxes, charges or
similar levies (including interest, fines, penalties and additions to tax) arising from any payment made or required to be made under any Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, any Loan
Document. 
 “Overriding Royalty Deeds” shall mean the Deeds of Overriding Royalty entered into by one or more Companies and
the trustee under the Trust Agreement as contemplated by the Reclamation Agreement, including the Deeds of Overriding Royalty set forth on Schedule 3.09(c). 
 “Overriding Royalty Purchase Agreements” shall mean the Overriding Royalty Purchase Agreements entered into by one or more Companies and Lexington Coal Company, LLC, including the Overriding Royalty
Purchase Agreements set forth on Schedule 3.09(c). 
 “Participant” shall have the meaning assigned to such term in
Section 11.04(e). 
 “PBGC” shall mean the Pension Benefit Guaranty Corporation referred to and defined in
ERISA. 
  

 -25- 

 “Perfection Certificate” shall mean a certificate in the form of Exhibit K-l
or any other form approved by the Collateral Agent, as the same shall be supplemented from time to time by a Perfection Certificate Supplement or otherwise. 
 “Perfection Certificate Supplement” shall mean a certificate supplement in the form of Exhibit K-2 or any other form approved by the Collateral Agent. 
 “Permitted Acquisition” shall mean (1) the Merger Transactions or (2) with respect to any person, any transaction or series of
related transactions for (a) the direct or indirect (x) acquisition by such specified person of all or substantially all of the property of another person, or of any business or division of another person or (y) acquisition by such
specified person of in excess of 50% of the Equity Interests of another person, (b) the causing of another person to become a Subsidiary of such specified person, or (c) the merger or consolidation or any other combination with another
person, if each of the following conditions is met: 
 (i) no Default then exists or would result therefrom; 
 (ii) after giving effect to such transaction on a Pro Forma Basis, Borrower shall be in compliance with all covenants set forth in
Sections 6.10(a), (b) and (c) as of the most recent Test Period ending at least four months prior to the date of such transaction (assuming, for purposes of Sections 6.10(a), (b) and
(c), that such transaction, and all other Permitted Acquisitions consummated since the first day of the most recent Test Period for each of the financial covenants set forth in Section 6.10, had occurred on the first day of the
applicable most recent Test Period); 
 (iii) no Company shall, in connection with such transaction, assume or remain liable
with respect to any Indebtedness, except to the extent permitted under Section 6.01; 
 (iv) after giving effect
to such transaction, each of the representations and warranties made by any Loan Party set forth in Article III hereof or in any other Loan Document shall be true and correct in all material respects (except that any representation or
warranty that is qualified as to “materiality” or “Material Adverse Effect” shall be true and correct in all respects) on and as of the date of such transaction, except to the extent such representations and warranties expressly
relate to an earlier date; 
 (v) the person or business to be acquired shall be, or shall be engaged in, a business of the
type that Borrower and its Subsidiaries are permitted to be engaged in under Section 6.15 and the property acquired in connection with any such transaction shall be made subject to the Lien of the Security Documents and shall be free and
clear of any other Liens, other than Permitted Liens; 
 (vi) the Board of Directors of the person to be acquired shall not
have indicated publicly its opposition to the consummation of such acquisition (which opposition has not been publicly withdrawn); 
 (vii) all transactions in connection therewith shall be consummated in accordance with all applicable Requirements of Law of all applicable Governmental Authorities in all material respects; 
 (viii) with respect to any transaction involving Acquisition Consideration of more than $25.0 million, unless the Administrative Agent
shall otherwise agree, Borrower shall have 

  

 -26- 

 
provided the Administrative Agent and the Lenders with (A) to the extent available, historical financial statements for the last three fiscal years of
the person or business to be acquired ended at least four months prior to the date of such transaction (audited if available without undue cost or delay) and unaudited financial statements thereof for the most recent interim period which are
available, (B) reasonably detailed projections for the succeeding five years pertaining to the person or business to be acquired and updated projections for Borrower after giving effect to such transaction, (C) a reasonably detailed
description of all material information relating thereto and copies of all material documentation pertaining to such transaction, and (D) all such other information and data relating to such transaction or the person or business to be acquired
as may be reasonably requested by the Administrative Agent or the Required Lenders; 
 (ix) at least 10 Business Days prior to
the proposed date of consummation of the transaction, Borrower shall have delivered to the Agents and the Lenders an Officers’ Certificate certifying that (A) such transaction complies with this definition (which shall have attached
thereto reasonably detailed backup data and calculations showing such compliance), and (B) such transaction would not reasonably be expected to result in a Material Adverse Effect; 
 (x) after giving effect to such transaction, the aggregate Acquisition Consideration for all Permitted Acquisitions in any fiscal year
(exclusive of any amounts financed by Excluded Issuances) shall not exceed $100.0 million; provided that any Equity Interests constituting all or a portion of such Acquisition Consideration shall not have a cash dividend requirement on or
prior to the Revolving Maturity Date; and 
 (xi) immediately before and after giving effect to such transaction, the
aggregate of all Revolving Commitments minus the aggregate of all Revolving Exposures shall be at least $20.0 million. 
 “Permitted
Collateral Liens” shall mean (i) Contested Liens (as defined in the Security Agreement) and (ii) the Liens described in clauses (a), (b), (c), (d), (e), (f), (g), (h), (i), (k), (m), (n), (o), (q), (r) and (s) of
Section 6.02. 
 “Permitted Holders” shall mean Sponsor and its Controlled Investment Affiliates. 
 “Permitted Liens” shall have the meaning assigned to such term in Section 6.02. 
 “person” shall mean any natural person, corporation, business trust, joint venture, association, company, limited liability company,
partnership or government, or any agency or political subdivision thereof, in any case, whether acting in a personal, fiduciary or other capacity. 
 “Plan” shall mean any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA which is maintained or
contributed to by any Company or its ERISA Affiliate or with respect to which any Company could incur liability (including under Section 4069 of ERISA). 
 “Premises” shall have the meaning assigned thereto in any applicable Mortgage. 
 “Prep Plant Lease” shall mean each Lease entered into by any Company in respect of a preparation plant and/or related property or Real Property on which a preparation plant is situated. Any Prep Plant Lease which also
provides a Company with the right to mine Coal reserves shall also be considered a Mining Lease. 
  

 -27- 

 “Pro Forma Basis” shall mean, with respect to any transaction or event, on a pro forma
basis giving effect to the consummation of such transaction or the occurrence of such event, with such pro forma basis being either (i) on a basis in accordance with GAAP and Regulation S-X or (ii) on a basis otherwise reasonably
satisfactory to the Administrative Agent. 
 “Pro Rata Percentage” of any Revolving Lender at any time shall mean the
percentage of the total Revolving Commitments of all Revolving Lenders represented by such Lender’s Revolving Commitment. 
 “property” shall mean any right, title or interest in or to property or assets of any kind whatsoever, whether real, personal or mixed and whether tangible or intangible and including Equity Interests or other ownership
interests of any person and whether now in existence or owned or hereafter entered into or acquired, including all Real Property. 
 “Purchase Money Obligation” shall mean, for any person, the obligations of such person in respect of Indebtedness (including Capital Lease Obligations) incurred for the purpose of financing all or any part of the purchase
price of any property (including Equity Interests of any person) or the cost of installation, construction or improvement of any property and any refinancing thereof; provided, however, that (i) such Indebtedness is incurred within
180 days after the completion of such acquisition, installation, construction or improvement of such property by such person and (ii) the amount of such Indebtedness does not exceed 100% of the cost of such acquisition, installation,
construction or improvement, as the case may be. 
 “Qualified Capital Stock” of any person shall mean any Equity Interests
of such person that are not Disqualified Capital Stock. 
 “Real Property” shall mean, collectively, all right, title and
interest (including any leasehold estate) in and to any and all parcels of or interests in real property owned, leased or operated by any person, whether by lease, license or other means, together with, in each case, all easements, hereditaments,
appurtenances, improvements and fixtures relating thereto. 
 “Reclamation” shall mean the reclamation and restoration of
land, water and Mines, and any other Environment affected by such Mines, as required pursuant to Mining Laws. 
 “Reclamation
Agreement” shall mean the Permitting and Reclamation Plan Agreement, dated as of August 31, 2004, among Holdings, Oldcoal, LLC, a Delaware limited liability company, Travelers Casualty and Surety Company of America, American
International Specialty Lines Insurance Company, the Insurance Company of the State of Pennsylvania, the United States Department of Interior, Office of Surface Mining, Reclamation and Enforcement, the West Virginia Department of Environmental
Protection, the Kentucky Environmental and Public Protection Cabinet, Department of Natural Resources, the Indiana Department of Natural Resources, and the Illinois Department of Natural Resources. 
 “Reclamation Documents” shall mean, collectively, the Reclamation Agreement, the Bonding Agreements, the Overriding Royalty Deeds and
the Overriding Royalty Purchase Agreements. 
 “Refinancing” means the application of the proceeds of the issuance of the
Senior Unsecured Notes to (i) repay in full the “Revolving Loans” outstanding under the First Amended and 

  

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Restated Credit Agreement (as defined therein) and (ii) repay in full and retire the “Term Loans” outstanding under the First Amended and
Restated Credit Agreement (as defined therein). 
 “Register” shall have the meaning assigned to such term in
Section 11.04(c). 
 “Regulation D” shall mean Regulation D of the Board as from time to time in effect and all
official rulings and interpretations thereunder or thereof. 
 “Regulation S-X” shall mean Regulation S-X promulgated under
the Securities Act. 
 “Regulation T” shall mean Regulation T of the Board as from time to time in effect and all official
rulings and interpretations thereunder or thereof. 
 “Regulation U” shall mean Regulation U of the Board as from time to
time in effect and all official rulings and interpretations thereunder or thereof. 
 “Regulation X” shall mean Regulation X
of the Board as from time to time in effect and all official rulings and interpretations thereunder or thereof. 
 “Related
Transactions” shall have the meaning assigned to such term in the seventh recital to this Agreement. 
 “Release”
shall mean any spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping, disposing, depositing, dispersing, or migrating of any Hazardous Material in, into, onto or through the Environment.

 “Required Lenders” shall mean, at any time, Lenders having Loans, LC Exposure and unused Revolving Commitments
representing more than 50% of the sum of all Loans outstanding, LC Exposure and unused Revolving Commitments at such time. 
 “Requirements of Law” shall mean, collectively, any and all requirements of any Governmental Authority, including any and all laws, ordinances, rules, regulations, decrees, orders, judgments, consent orders, consent
decrees, common law or any or similar statutes, binding requirements or case law. 
 “Response” shall mean
(a) ”response” as such term is defined in CERCLA, 42 U.S.C. § 9601(24), and (b) all other actions required by any Governmental Authority or voluntarily undertaken to (i) clean up, remove, treat, abate or in any
other way address any Hazardous Material in the environment; (ii) prevent the Release or threat of Release, or minimize the further Release, of any Hazardous Material; or (iii) perform studies and investigations in connection with, or as a
precondition to, clause (i) or (ii) above. 
 “Responsible Officer” of any person shall mean any executive officer
or Financial Officer of such person and any other officer or similar official thereof with responsibility for the administration of the obligations of such person in respect of this Agreement. 
 “Revolving Availability Period” shall mean the period from and including the Second Restatement Date to but excluding the earlier of
(i) the Business Day preceding the Revolving Maturity Date and (ii) the date of termination of the Revolving Commitments. 
  

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 “Revolving Borrowing” shall mean a Borrowing comprised of Revolving Loans. 

“Revolving Commitment” shall mean, with respect to each Lender, the commitment, if any, of such Lender to make Revolving Loans
hereunder up to the amount set forth on Schedule I to the Lender Addendum executed and delivered by such Lender or by an amendment to this Agreement pursuant to Section 11.02(d), or in the Assignment and Acceptance pursuant to which
such Lender assumed its Revolving Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.07 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender
pursuant to Section 11.04. The aggregate amount of the Lenders’ Revolving Commitments on the Second Restatement Date is $325.0 million. 
 “Revolving Exposure” shall mean, with respect to any Lender at any time, without duplication, the aggregate principal amount at such time of all outstanding Revolving Loans of such Lender, plus
the aggregate amount at such time of such Lender’s LC Exposure, plus the aggregate amount at such time of such Lender’s Swingline Exposure. 
 “Revolving Lender” shall mean a Lender with a Revolving Commitment. 
 “Revolving
Loan” shall mean a Loan made by the Lenders to Borrower pursuant to Section 2.01 or by an amendment to this Agreement pursuant to Section 11.02(d). Each Revolving Loan shall either be an ABR Loan or a Eurodollar
Loan. 
 “Revolving Maturity Date” shall mean the date which is five years after the Second Restatement Date or, if
such date is not a Business Day, the first Business Day thereafter. 
 “Sago Mine Incident” shall mean the explosion that
occurred on January 2, 2006 at the Sago Mine in West Virginia. 
 “Sale and Leaseback Transaction” shall have the
meaning assigned to such term in Section 6.03. 
 “Sarbanes-Oxley Act” shall mean the United States
Sarbanes-Oxley Act of 2002 and all rules and regulations promulgated thereunder. 
 “SDN List” shall have the meaning
assigned to such term in Section 6.21. 
 “Second Amendment” shall have the meaning assigned to such term in the
second recital to this Agreement. 
 “Second Restatement Date” shall mean the date on which this Agreement is executed and
delivered by all persons intended to be parties hereto and the conditions set forth in Section 4.01 are satisfied. 
 “Secured Leverage Ratio” shall mean, at any date of determination, the ratio of Consolidated Secured Indebtedness on such date to Consolidated EBITDA for the Test Period then most recently ended. 
 “Secured Parties” shall mean, collectively, the Administrative Agent, the Collateral Agent, each other Agent, the Lenders, each Issuing
Bank and each party to a Hedging Agreement relating to the Loans if at the date of entering into such Hedging Agreement such person was a Lender or an 

  

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Affiliate of a Lender and such person executes and delivers to the Administrative Agent a letter agreement in form and substance acceptable to the
Administrative Agent pursuant to which such person (i) appoints the Collateral Agent as its agent under the applicable Loan Documents and (ii) agrees to be bound by the provisions of Sections 10.03 and 10.09. 

“Securities Act” shall mean the Securities Act of 1933. 
 “Securities Collateral” shall have the meaning assigned to such term in the Security Agreement. 
 “Security Agreement” shall mean the Security Agreement dated as of September 30, 2004, among Borrower, the Guarantors and UBS AG,
Stamford Branch as collateral agent. 
 “Security Agreement Collateral” shall mean all property pledged or granted as
collateral pursuant to the Security Agreement delivered on the Original Closing Date or thereafter pursuant to Section 5.12. 
 “Security Documents” shall mean the Security Agreement, the Mortgages and each other security document or pledge agreement delivered in accordance with applicable local or foreign law to grant a valid, perfected security
interest in any property as collateral for the Obligations, and all UCC or other financing statements or instruments of perfection required by this Agreement, the Security Agreement, any Mortgage or any other such security document or pledge
agreement to be filed with respect to the security interests in property and fixtures created pursuant to the Security Agreement, or any Mortgage and any other document or instrument utilized to pledge as collateral for the Obligations any property.

 “Sellers” shall have the meaning assigned to such term in the first recital hereto. 
 “Senior Unsecured Note Agreement” shall mean any indenture, note purchase agreement or other agreement pursuant to which the Senior
Unsecured Notes are issued as in effect on the date hereof and thereafter amended from time to time subject to the requirements of this Agreement. 
 “Senior Unsecured Note Documents” shall mean the Senior Unsecured Notes, the Senior Unsecured Note Agreement, the Senior Unsecured Note Guarantees and all other documents executed and delivered with respect to the Senior
Unsecured Notes or the Senior Unsecured Note Agreement. 
 “Senior Unsecured Note Guarantees” shall mean the guarantees of
the Subsidiary Guarantors pursuant to the Senior Unsecured Note Agreement. 
 “Senior Unsecured Notes” shall mean
Holdings’ 10.25% Senior Unsecured Notes due 2014 issued pursuant to the Senior Unsecured Note Agreement and any registered notes issued by Holdings in exchange for, and as contemplated by, such notes with substantially identical terms as such
notes. 
 “Significant Mining Properties” shall mean, the Mines set forth on Schedule 1.01(d) hereto. 
 “Sponsor” shall mean WL Ross & Co. LLC. 
  

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 “Standby Letter of Credit” shall mean any standby letter of credit or similar instrument
issued for the purpose of supporting (a) workers’ compensation liabilities of Borrower or any of its Subsidiaries, (b) the obligations of third-party insurers of Borrower or any of its Subsidiaries arising by virtue of the laws of any
jurisdiction requiring third-party insurers to obtain such letters of credit, (c) performance, payment, deposit or surety obligations of Borrower or any of its Subsidiaries if required by any Requirement of Law or in accordance with custom and
practice in the industry or (d) other general corporate purposes of Borrower and its Subsidiaries. 
 “Statutory
Reserves” shall mean for any Interest Period for any Eurodollar Borrowing, the average maximum rate at which reserves (including any marginal, supplemental or emergency reserves) are required to be maintained during such Interest Period
under Regulation D by member banks of the United States Federal Reserve System in New York City with deposits exceeding one billion dollars against “Eurodollar liabilities” (as such term is used in Regulation D). Eurodollar Borrowings
shall be deemed to constitute Eurodollar liabilities and to be subject to such reserve requirements without benefit of or credit for proration, exceptions or offsets which may be available from time to time to any Lender under Regulation D.

 “Subsidiary” shall mean, with respect to any person (the “parent”) at any date, (i) any person the
accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date, (ii) any other corporation, limited
liability company, association or other business entity of which securities or other ownership interests representing more than 50% of the voting power of all Equity Interests entitled (without regard to the occurrence of any contingency) to vote in
the election of the Board of Directors thereof are, as of such date, owned, controlled or held by the parent and/or one or more other subsidiaries of the parent, (iii) any partnership (a) the sole general partner or the managing general
partner of which is the parent and/or one or more subsidiaries of the parent or (b) the only general partners of which are the parent and/or one or more subsidiaries of the parent and (iv) any other person that is otherwise Controlled by
the parent and/or one or more subsidiaries of the parent; provided that with respect to any covenant or other provision herein that requires any Loan Party to cause any Subsidiary to take or not take any action, The Sycamore Group LLC, to the
extent it would otherwise be deemed a “Subsidiary” under this definition, shall only be deemed a Subsidiary to the extent such Loan Party has voting rights sufficient to cause The Sycamore Group LLC to take or not take such action. Unless
the context requires otherwise, “Subsidiary” refers to a Subsidiary of Borrower. 
 “Subsidiary Change of Control
Agreement” shall mean any lease, contract or other agreement (in each case, other than the Travelers Indemnity Agreement, the Travelers Bonding Agreement and any renewal, amendment or replacement of the foregoing on substantially the same
terms) that prohibits, restricts or otherwise impairs the granting or enforcement of a Lien on the Equity Interests in any Subsidiary of Borrower to the Collateral Agent for the benefit of the Secured Parties or under which the granting or
enforcement of such Lien would result in a default, termination, right to terminate or other remedy in favor of the counterparty thereto. 
 “Subsidiary Guarantor” shall mean each Subsidiary listed on Schedule 1.01(e), and each other Subsidiary that is or becomes a party to this Agreement pursuant to Section 5.12. 
 “Successful Syndication” shall have the meaning assigned to such term in the Commitment Letter. 
  

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 “Supermajority Lenders” shall mean at any time, Lenders having Loans, LC Exposure and
unused Revolving Commitments representing at least 66 2/3% of the sum of all Loans outstanding, LC Exposure and unused Revolving Commitments at such time. 
 “Survey” shall mean a survey of any Mortgaged Property (and all improvements thereon) that is (a) (i) prepared by a surveyor or engineer licensed to perform surveys in the state where such
Mortgaged Property is located, (ii) dated (or redated) not earlier than six months prior to the date of delivery thereof unless there shall have occurred within six months prior to such date of delivery any exterior construction on the site of
such Mortgaged Property, in which event such survey shall be dated (or redated) after the completion of such construction or if such construction shall not have been completed as of such date of delivery, not earlier than 20 days prior to such
date of delivery, (iii) certified by the surveyor (in a manner reasonably acceptable to the Administrative Agent) to the Administrative Agent, the Collateral Agent and the Title Company, (iv) complying in all respects with the minimum
detail requirements of the American Land Title Association as such requirements are in effect on the date of preparation of such survey and (v) sufficient for the Title Company to remove all standard survey exceptions from the title insurance
policy (or commitment) relating to such Mortgaged Property and issue the endorsements of the type reasonably requested by the Collateral Agent or (b) otherwise acceptable to the Collateral Agent in the exercise of its reasonable discretion.

 “Swingline Commitment” shall mean the commitment of the Swingline Lender to make loans pursuant to
Section 2.16, as the same may be reduced from time to time pursuant to Section 2.07. The amount of the Swingline Commitment shall initially be $10.0 million, but in no event exceed the Revolving Commitment. 
 “Swingline Exposure” shall mean at any time the aggregate principal amount at such time of all outstanding Swingline Loans. The
Swingline Exposure of any Revolving Lender at any time shall equal its Pro Rata Percentage of the aggregate Swingline Exposure at such time. 
 “Swingline Lender” shall have the meaning assigned to such term in the preamble hereto. 
 “Swingline
Loan” shall mean any loan made by the Swingline Lender pursuant to Section 2.16. 
 “Syndication
Agents” shall have the meaning assigned to such term in the preamble hereto. 
 “Tax Returns” shall mean all
returns, statements, filings, attachments and other documents or certifications required to be filed in respect of Taxes. 
 “Taxes” shall mean (i) any and all present or future taxes, duties, levies, imposts, assessments, deductions, withholdings or other similar charges imposed by any Governmental Authority, whether computed on a separate,
consolidated, unitary, combined or other basis and any and all liabilities (including interest, fines, penalties or additions to tax, in each case solely in respect of any payment of taxes) with respect to the foregoing, and (ii) any
transferee, successor, joint and several, contractual or other liability (including liability pursuant to Treasury Regulation § 1.1502-6 (or any similar provision of state, local or non-U.S. law)) in respect of any item described in
clause (i). 
  

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 “Test Period” shall mean, at any time, the four consecutive fiscal quarters of Borrower
then last ended (in each case taken as one accounting period) for which Exchange Act reports have been or are required to have been delivered pursuant to Section 5.01(a) or (b). 
 “Title Company” shall mean any title insurance company as shall be retained by Borrower and reasonably acceptable to the Administrative
Agent. 
 “Title Policy” shall mean a title insurance policy insuring any Mortgaged Property. 
 “Transaction Documents” shall mean the Reclamation Documents the Senior Unsecured Note Documents and the Loan Documents. 
 “Transactions” shall mean, collectively, the transactions to occur on or prior to the Second Restatement Date pursuant to the
Transaction Documents, including (a) the consummation of the Refinancing; (b) the execution, delivery and performance of the Loan Documents and the initial Credit Extensions hereunder; and (c) the payment in full of all fees and
expenses to be paid on or prior to the Second Restatement Date and owing in connection with the foregoing. 
 “Transferred
Guarantor” shall have the meaning assigned to such term in Section 7.09. 
 “Travelers” shall mean
Travelers Casualty and Surety Company of America, together with its Affiliates. 
 “Travelers Bonding Agreement” shall mean
the Bonding Agreement, dated as of September 30, 2004, among Travelers, Holdings and the Companies listed on Schedule A thereto as amended by the Bonding Term Sheet and Amendment to Bonding Agreement, dated as of November 10, 2005, among
Travelers, Holdings and ICG, Inc. 
 “Travelers Indemnity Agreement” shall mean the General Contract of Indemnity, dated as
of September 30, 2004, by Holdings and the Companies listed on Exhibit A thereto in favor of Travelers, as amended and restated on November 21, 2005. 
 “Type,” when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Adjusted
LIBOR Rate or the Alternate Base Rate. 
 “UBS” shall have the meaning assigned to such term in the preamble hereto.

 “UBSS” shall have the meaning assigned to such term in the preamble hereto. 
 “UCC” shall mean the Uniform Commercial Code as in effect from time to time in any applicable state or jurisdiction. 
 “United States” shall mean the United States of America. 
 “Viper Mine Incident” shall mean the fire that occurred at the Viper Mine on April 18, 2006. 
  

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 “Voting Stock” shall mean, with respect to any person, any class or classes of Equity
Interests pursuant to which the holders thereof have the general voting power under ordinary circumstances to elect at least a majority of the Board of Directors of such person. 
 “Wholly Owned Subsidiary” shall mean, as to any person, (a) any corporation 100% of whose capital stock (other than directors’
qualifying shares) is at the time owned by such person and/or one or more Wholly Owned Subsidiaries of such person and (b) any partnership, association, joint venture, limited liability company or other entity in which such person and/or one or
more Wholly Owned Subsidiaries of such person have a 100% equity interest at such time. 
 “Withdrawal Liability” shall mean
liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 
 SECTION 1.02 Classification of Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred to by Class
(e.g., a “Revolving Loan”) or by Type (e.g., a “Eurodollar Loan”). Borrowings also may be classified and referred to by Class (e.g., a “Revolving Borrowing,” “Borrowing of
Swingline Loans”) or by Type (e.g., a “Eurodollar Borrowing”). 
 SECTION 1.03 Terms Generally. The
definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,”
“includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the
context requires otherwise (a) any definition of or reference to any Loan Document or other agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time
amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) any reference herein to any person shall be construed to include such person’s successors and
assigns, (c) the words “herein,” “hereof” and “hereunder,” and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all
references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement, unless otherwise indicated, (e) all references to “date hereof”
shall mean the date of this Agreement and (f) “or” shall not be exclusive. 
 SECTION 1.04 Accounting Terms;
GAAP. Except as otherwise expressly provided herein, all financial statements to be delivered pursuant to this Agreement shall be prepared in accordance with GAAP as in effect from time to time and all terms of an accounting or financial
nature shall be construed and interpreted in accordance with GAAP, as in effect on the date hereof, provided that if Borrower notifies the Administrative Agent and the Lenders that Borrower wishes to amend any covenant in Article VI to
eliminate the effect of any change in GAAP that occurs after the Second Restatement Date on the operation of such covenant (or if the Administrative Agent notifies Borrower that the Administrative Agent or the Required Lenders wish to amend
Article VI for such purpose), then Borrower’s compliance with such covenant shall be determined on the basis of GAAP in effect immediately before the relevant change in GAAP became effective, until either such notice is withdrawn or such
covenant is amended in a manner satisfactory to Borrower, the Administrative Agent and the Required Lenders, Borrower, the Administrative Agent and the Lenders agreeing to enter into negotiations to amend any such covenant promptly upon receipt from
any party entitled to send such notice. 
  

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 SECTION 1.05 Resolution of Drafting Ambiguities. Each Loan Party acknowledges and agrees
that it was represented by counsel in connection with the execution and delivery of the Loan Documents to which it is a party, that it and its counsel reviewed and participated in the preparation and negotiation hereof and thereof and that any rule
of construction to the effect that ambiguities are to be resolved against the drafting party shall not be employed in the interpretation hereof or thereof. 
 ARTICLE II 
 THE CREDITS 
 SECTION 2.01 Revolving Commitments. Subject to the terms and conditions and relying upon the representations and warranties herein set
forth, each Revolving Lender agrees, severally and not jointly, to make Revolving Loans to Borrower, at any time and from time to time on and after the Second Restatement Date until the earlier of the Business Day immediately preceding the Revolving
Maturity Date and the termination of the Revolving Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Revolving Exposure exceeding such
Lender’s Revolving Commitment. 
 Within the limits set forth above and subject to the terms, conditions and limitations set forth
herein, Borrower may borrow, pay or prepay and reborrow Revolving Loans. 
 SECTION 2.02 Loans. (a) Each Loan (other than
Swingline Loans) shall be made as part of a Borrowing consisting of Loans made by the Lenders ratably in accordance with their applicable Commitments; provided that the failure of any Lender to make any Loan shall not in itself relieve any
other Lender of its obligation to lend hereunder (it being understood, however, that no Lender shall be responsible for the failure of any other Lender to make any Loan required to be made by such other Lender). Except for Loans deemed made pursuant
to Section 2.17(e)(ii), Loans comprising any Borrowing shall be in an aggregate principal amount that is (i) an integral multiple of $500,000 and not less than $2.0 million or (ii) equal to the remaining available balance of
the applicable Commitments. 
 (b) Subject to Section 2.10, each Borrowing shall be comprised entirely of ABR Loans or Eurodollar
Loans as Borrower may request pursuant to Section 2.03. Each Lender may at its option make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of
such option shall not affect the obligation of Borrower to repay such Loan in accordance with the terms of this Agreement and shall not subject Borrower to any increased costs pursuant to Section 2.11 that would otherwise not be
applicable to such Lender or, under Section 2.10, would result in the inability of Borrower to borrow Eurodollar Loans if Borrower would be able to borrow Eurodollar Loans had such Lender funded such Eurodollar Loan directly. Borrowings
of more than one Type may be outstanding at the same time; provided that Borrower shall not be entitled to request any Borrowing that, if made, would result in more than twelve Eurodollar Borrowings outstanding hereunder at any one time. For
purposes of the foregoing, Borrowings having different Interest Periods, regardless of whether they commence on the same date, shall be considered separate Borrowings. 
 (c) Except with respect to Loans made pursuant to Section 2.17(e)(ii), each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available
funds to such account in New York City as the Administrative Agent may designate not later than 11:00 a.m., New York City time, and the Administrative Agent shall promptly 

  

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credit the amounts so received to an account as directed by Borrower in the applicable Borrowing Request or, if a Borrowing shall not occur on such date
because any condition precedent herein specified shall not have been met, return the amounts so received to the respective Lenders. 
 (d)
Unless the Administrative Agent shall have received notice from a Lender prior to the date (or, with respect to Borrowings of ABR Loans, the time) of any Borrowing that such Lender will not make available to the Administrative Agent such
Lender’s portion of such Borrowing, the Administrative Agent may assume that such Lender has made such portion available to the Administrative Agent on the date of such Borrowing in accordance with paragraph (c) above, and the
Administrative Agent may, in reliance upon such assumption, make available to Borrower on such date a corresponding amount. If the Administrative Agent shall have so made funds available, then, to the extent that such Lender shall not have made such
portion available to the Administrative Agent, each of such Lender and Borrower severally agrees to repay to the Administrative Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such
amount is made available to Borrower until the date such amount is repaid to the Administrative Agent at (i) in the case of Borrower, the interest rate applicable at the time to the Loans comprising such Borrowing and (ii) in the case of
such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. If such Lender shall repay to the Administrative Agent such
corresponding amount, such amount shall constitute such Lender’s Loan as part of such Borrowing for purposes of this Agreement, and Borrower’s obligation to repay the Administrative Agent such corresponding amount pursuant to this
Section 2.02(d) shall cease. 
 (e) Notwithstanding any other provision of this Agreement, Borrower shall not be entitled to
request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Revolving Maturity Date. 
 SECTION 2.03 Borrowing Procedure. To request a Revolving Borrowing, Borrower shall deliver, by hand delivery or telecopy, a duly completed and executed Borrowing Request to the Administrative Agent
(i) in the case of a Eurodollar Borrowing, not later than 1:00 p.m., New York City time, three Business Days before the date of the proposed Borrowing or (ii) in the case of an ABR Borrowing, not later than 9:00 a.m., New York City time,
on the date of the proposed Borrowing. Each Borrowing Request shall be irrevocable and shall specify the following information in compliance with Section 2.02: 
 (a) the aggregate amount of such Borrowing; 
 (b) the date of such Borrowing, which shall be a Business Day; 
 (c) whether such Borrowing
is to be an ABR Borrowing or a Eurodollar Borrowing; 
 (d) in the case of a Eurodollar Borrowing, the initial Interest Period
to be applicable thereto, which shall be a period contemplated by the definition of the term “Interest Period”; provided that until the date on which the Syndication Agents shall have notified Borrower that a Successful Syndication
has been achieved, the Interest Period shall be seven days; 
 (e) the location and number of Borrower’s account to which
funds are to be disbursed; and 
  

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 (f) that the conditions set forth in Sections 4.02(b) through
(d) are satisfied as of the date of the notice. 
 If no election as to the Type of Borrowing is specified, then the requested
Borrowing shall be an ABR Borrowing. If no Interest Period is specified with respect to any requested Eurodollar Borrowing, then Borrower shall be deemed to have selected an Interest Period of one month’s duration (subject to the proviso in
clause (e) above). Promptly following receipt of a Borrowing Request in accordance with this Section, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of
the requested Borrowing. 
 SECTION 2.04 Evidence of Debt; Repayment of Loans. (a) Borrower hereby unconditionally
promises to pay (i) to the Administrative Agent for the account of each Revolving Lender, the then unpaid principal amount of each Revolving Loan of such Revolving Lender on the Revolving Maturity Date and (ii) to the Swingline Lender, the
then unpaid principal amount of each Swingline Loan on the earlier of the Revolving Maturity Date and the first date after such Swingline Loan is made that is the 15th or last day of a calendar month and is at least one Business Day after such
Swingline Loan is made; provided that on each date that a Revolving Borrowing is made, Borrower shall repay all Swingline Loans that were outstanding on the date such Borrowing was requested. 
 (b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of Borrower to such Lender
resulting from each Loan made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement. 
 (c) The Administrative Agent shall maintain accounts in which it will record (i) the amount of each Loan made hereunder, the Type and Class thereof
and the Interest Period applicable thereto; (ii) the amount of any principal or interest due and payable or to become due and payable from Borrower to each Lender hereunder; and (iii) the amount of any sum received by the Administrative
Agent hereunder for the account of the Lenders and each Lender’s share thereof. 
 (d) The entries made in the accounts maintained
pursuant to paragraphs (b) and (c) above shall be prima facie evidence, absent manifest error, of the existence and amounts of the obligations therein recorded; provided that the failure of any Lender or the Administrative
Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of Borrower to repay the Loans in accordance with their terms. 
 (e) Any Lender by written notice to Borrower (with a copy to the Administrative Agent) may request that Loans of any Class made by it be evidenced by a promissory note. In such event, Borrower shall prepare, execute
and deliver to such Lender a promissory note payable to the order of such Lender (or, if requested by such Lender, to such Lender and its registered assigns) in the form of Exhibit J-1 or J-2, as the case may be. Thereafter, the
Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 11.04) be represented by one or more promissory notes in such form payable to the order of the payee named
therein (or, if such promissory note is a registered note, to such payee and its registered assigns). Upon the request of Borrower after payment in full of all the Obligations, each Lender that has received a promissory note pursuant to this
Section 2.04(e) shall deliver such promissory note to Borrower. 
  

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 SECTION 2.05 Fees. 
 (a) Commitment Fee. Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender a commitment fee (a
“Commitment Fee”) equal to the Applicable Fee per annum on the average daily unused amount of the Revolving Commitment of such Lender during the period from and including the date hereof to but excluding the date on which such
Revolving Commitment terminates. Accrued Commitment Fees shall be payable in arrears (A) on January 10, April 10, July 10 and October 10 of each year, commencing on the first such date to occur after the date
hereof, and (B) on the date on which such Revolving Commitment terminates. Commitment Fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but
excluding the last day). For purposes of computing Commitment Fees, a Revolving Commitment of a Lender shall be deemed to be used to the extent of the outstanding Revolving Loans and LC Exposure of such Lender (and the Swingline Exposure of such
Lender shall be disregarded for such purpose). 
 (b) Administrative Agent Fees. Borrower agrees to pay to the Administrative Agent,
for its own account, the administrative fees set forth in the Fee Letter and such other fees payable in the amounts and at the times separately as may be agreed upon in writing between Borrower and the Administrative Agent (the
“Administrative Agent Fees”). 
 (c) LC Participation and Fronting Fees. Borrower agrees to pay (i) to the
Administrative Agent for the account of each Revolving Lender a participation fee (“LC Participation Fee”) with respect to its participations in Letters of Credit, which shall accrue at a rate per annum equal to the Applicable
Margin from time to time used to determine the interest rate on Eurodollar Revolving Loans pursuant to Section 2.06 on the average daily amount of such Lender’s LC Exposure (excluding any portion thereof attributable to LC
Reimbursement Obligations) during the period from and including the Second Restatement Date to but excluding the later of the date on which such Lender’s Revolving Commitment terminates and the date on which such Lender ceases to have any LC
Exposure, and (ii) to each Issuing Bank a fronting fee (“LC Fronting Fee”), which shall accrue at the rate of 0.20% per annum on the average daily amount of the LC Exposure (excluding any portion thereof attributable to LC
Reimbursement Obligations) during the period from and including the Second Restatement Date to but excluding the later of the date of termination of the Revolving Commitments and the date on which there ceases to be any LC Exposure, as well as each
Issuing Bank’s customary fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Accrued LC Participation Fees and LC Fronting Fees shall be payable in arrears (i) on
January 10, April 10, July 10 and October 10 of each year, commencing on the first such date to occur after the Second Restatement Date, and (ii) on the date on which the Revolving Commitments terminate. Any such
fees accruing after the date on which the Revolving Commitments terminate shall be payable on demand. Any other fees payable to the Issuing Banks pursuant to this paragraph shall be payable within 10 days after written demand therefor. All LC
Participation Fees and LC Fronting Fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 
 (d) All Fees shall be paid in U.S. dollars on the dates due, in immediately available funds, to the Administrative Agent for distribution, if and as
appropriate, among the Lenders, except that Borrower shall pay the LC Fronting Fees directly to each Issuing Bank. Once paid, none of the Fees shall be refundable under any circumstances. 
  

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 SECTION 2.06 Interest on Loans. (a) Subject to the provisions of
Section 2.06(c), the Loans comprising each ABR Borrowing, including each Swingline Loan, shall bear interest at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin in effect from time to time. 
 (b) Subject to the provisions of Section 2.06(c), the Loans comprising each Eurodollar Borrowing shall bear interest at a rate per annum
equal to the Adjusted LIBOR Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin in effect from time to time. 
 (c) Notwithstanding the foregoing, upon the occurrence and during the continuance of an Event of Default, if elected by the Required Lenders, all Loans outstanding, all unpaid LC Disbursements and all other Obligations that are then due and
unpaid shall, to the extent permitted by applicable law, bear interest, after as well as before judgment and including post-petition interest in any proceeding under the Bankruptcy Code or other applicable bankruptcy laws, payable on demand at a per
annum rate equal to 2% plus the higher of (i) the Alternate Base Rate plus the Applicable Margin and (ii) the rate (including Applicable Margin, if any) otherwise applicable to such Obligations as provided in the preceding paragraphs of
this Section 2.06 or in Section 2.05, as applicable. 
 (d) Accrued interest on each Loan shall be payable in arrears
on each Interest Payment Date for such Loan; provided that (i) interest accrued pursuant to Section 2.06(c) shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a
prepayment of an ABR Loan or a Swingline Loan), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of any Eurodollar Loan prior to the
end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion. 
 (e)
All interest hereunder shall be computed on the basis of a year of 360 days, except that interest computed by reference to the Alternate Base Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and
in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate or Adjusted LIBOR Rate shall be determined by the Administrative Agent in accordance with
the provisions of this Agreement and such determination shall be conclusive absent manifest error. 
 SECTION 2.07 Termination and
Reduction of Commitments. (a) The Revolving Commitments, the Swingline Commitment and the LC Commitment shall automatically terminate on the Revolving Maturity Date. 
 (b) At its option, Borrower may at any time terminate, or from time to time permanently reduce, the Commitments of any Class; provided that
(i) each reduction of the Commitments of any Class shall be in an amount that is an integral multiple of $500,000 and not less than $2.0 million and (ii) the Revolving Commitments shall not be terminated or reduced to the extent that,
after giving effect to any concurrent prepayment of the Revolving Loans in accordance with Section 2.09, the aggregate amount of Revolving Exposures would exceed the aggregate amount of Revolving Commitments. 
 (c) Borrower shall notify the Administrative Agent in writing of any election to terminate or reduce the Commitments under Section 2.07(b) at
least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the
contents thereof. Each notice delivered by Borrower pursuant to this Section shall be irrevocable; 

  

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provided that a notice of termination of the Commitments delivered by Borrower may state that such notice is conditioned upon the effectiveness of
other credit facilities, in which case such notice may be revoked by Borrower (by notice to the Administrative Agent on or prior to three Business Days prior to the specified effective date) if such condition is not satisfied. Any termination or
reduction of the Commitments of any Class shall be permanent. Each reduction of the Commitments of any Class shall be made ratably among the Lenders in accordance with their respective Commitments of such Class. 
 SECTION 2.08 Interest Elections. (a) Each Revolving Borrowing initially shall be of the Type specified in the applicable Borrowing
Request and, in the case of a Eurodollar Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the
case of a Eurodollar Borrowing, may elect Interest Periods therefor, all as provided in this Section. Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be
allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. Notwithstanding anything to the contrary, Borrower shall not be entitled to request
any conversion or continuation that, if made, would result in more than twelve Eurodollar Borrowings outstanding hereunder at any one time. This Section shall not apply to Swingline Borrowings, which may not be converted or continued. 
 (b) To make an election pursuant to this Section, Borrower shall deliver, by hand delivery or telecopy, a duly completed and executed Interest Election
Request to the Administrative Agent not later than the time that a Borrowing Request would be required under Section 2.03 if Borrower were requesting a Revolving Borrowing of the Type resulting from such election to be made on the
effective date of such election. Each Interest Election Request shall be irrevocable. 
 (c) Each Interest Election Request shall specify the
following information in compliance with Section 2.02: 
 (i) the Borrowing to which such Interest Election
Request applies and, if different options are being elected with respect to different portions thereof, or if outstanding Borrowings are being combined, allocation to each resulting Borrowing (in which case the information to be specified pursuant
to clauses (iii) and (iv) below shall be specified for each resulting Borrowing); 
 (ii) the effective date of the
election made pursuant to such Interest Election Request, which shall be a Business Day; 
 (iii) whether the resulting
Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; and 
 (iv) if the resulting Borrowing is a Eurodollar
Borrowing, the Interest Period to be applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period”; provided that until the date on which the
Syndication Agents shall have notified Borrower that a Successful Syndication has been achieved, the Interest Period shall be seven days. 
 If any such
Interest Election Request requests a Eurodollar Borrowing but does not specify an Interest Period, then Borrower shall be deemed to have selected an Interest Period of one month’s duration (subject to the proviso in clause (iv) above).

  

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 (d) Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise
each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing. 
 (e) If an Interest Election Request with
respect to a Eurodollar Borrowing is not timely delivered prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted to
an ABR Borrowing. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing, the Administrative Agent or the Required Lenders may require, by notice to Borrower, that (i) no outstanding Borrowing may
be converted to or continued as a Eurodollar Borrowing and (ii) unless repaid, each Eurodollar Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto. 
 SECTION 2.09 Prepayments. 
 (a) Optional Prepayments. Borrower shall have the right at any time and from time to time to prepay any Borrowing, in whole or in part, subject to the requirements of this Section 2.09; provided that each partial
prepayment shall be in an amount that is an integral multiple of $500,000 and not less than $2.0 million. 
 (b) Revolving Loan
Prepayments. (i) In the event of the termination of all the Revolving Commitments, Borrower shall, on the date of such termination, repay or prepay all its outstanding Revolving Borrowings and all outstanding Swingline Loans and replace all
outstanding Letters of Credit or cash collateralize all outstanding Letters of Credit in accordance with the procedures set forth in Section 2.17(i). 
 (ii) In the event of any partial reduction of the Revolving Commitments, then (x) at or prior to the effective date of such reduction, the Administrative Agent shall notify Borrower and the Revolving Lenders of
the sum of the Revolving Exposures after giving effect to such reduction and (y) if the sum of the Revolving Exposures would exceed the aggregate amount of Revolving Commitments after giving effect to such reduction, then Borrower shall, on the
date of such reduction, first, repay or prepay Swingline Loans, second, repay or prepay Revolving Borrowings and third, replace outstanding Letters of Credit or cash collateralize outstanding Letters of Credit in accordance with
the procedures set forth in Section 2.17(i), in an aggregate amount sufficient to eliminate such excess. 
 (iii) In the event
that the sum of all Lenders’ Revolving Exposures exceeds the Revolving Commitments then in effect, Borrower shall, without notice or demand, immediately first, repay or prepay Swingline Loans, second, repay or prepay Revolving
Borrowings, and third, replace outstanding Letters of Credit or cash collateralize outstanding Letters of Credit in accordance with the procedures set forth in Section 2.17(i), in an aggregate amount sufficient to eliminate such
excess. 
 (iv) In the event that the aggregate LC Exposure exceeds the LC Commitment then in effect, Borrower shall, without notice or
demand, immediately replace outstanding Letters of Credit or cash collateralize outstanding Letters of Credit in accordance with the procedures set forth in Section 2.17(i), in an aggregate amount sufficient to eliminate such excess.

 (c) Application of Prepayments. (i) Prior to any optional prepayment hereunder, Borrower shall select the Borrowing or
Borrowings to be prepaid and shall specify such selection in the notice of such prepayment pursuant to Section 2.09(d), subject to the provisions of this Section 2.09(c). 
  

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 (ii) Amounts to be applied pursuant to this Section 2.09 to the prepayment of Revolving Loans
shall be applied first to reduce outstanding ABR Loans. Any amounts remaining after each such application shall be applied to prepay Eurodollar Loans. Notwithstanding the foregoing, if the amount of any prepayment of Loans required under this
Section 2.09 shall be in excess of the amount of the ABR Loans at the time outstanding (an “Excess Amount”), only the portion of the amount of such prepayment as is equal to the amount of such outstanding ABR Loans shall
be immediately prepaid and, at the election of Borrower, the balance of such required prepayment shall be either (A) deposited in the Collateral Account and applied to the prepayment of Eurodollar Loans on the last day of the then next-expiring
Interest Period for Eurodollar Loans; provided that (i) interest in respect of such Excess Amount shall continue to accrue thereon at the rate provided hereunder for the Loans which such Excess Amount is intended to repay until such
Excess Amount shall have been used in full to repay such Loans and (ii) at any time while an Event of Default has occurred and is continuing, the Administrative Agent may, and upon written direction from the Required Lenders shall, apply any or
all proceeds then on deposit in the Collateral Account to the payment of such Loans in an amount equal to such Excess Amount or (B) prepaid immediately, together with any amounts owing to the Lenders under Section 2.12. 

(d) Notice of Prepayment. Borrower shall notify the Administrative Agent (and, in the case of prepayment of a Swingline Loan, the Swingline
Lender) by written notice of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three Business Days before the date of prepayment, (ii) in the case of prepayment
of an ABR Borrowing, not later than 11:00 a.m., New York City time, one Business Day before the date of prepayment and (iii) in the case of prepayment of a Swingline Loan, not later than 11:00 a.m., New York City time, on the date of
prepayment. Each such notice shall be irrevocable; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Commitments as contemplated by Section 2.07(c), then such notice of
prepayment may be revoked if such termination is revoked in accordance with Section 2.07(c). Each such notice shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid. Promptly
following receipt of any such notice (other than a notice relating solely to Swingline Loans), the Administrative Agent shall advise the Lenders of the contents thereof. Such notice to the Lenders may be by electronic communication. Each partial
prepayment of any Borrowing shall be in an amount that would be permitted in the case of a Credit Extension of the same Type as provided in Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Loans included in
the prepaid Borrowing and otherwise in accordance with this Section 2.09. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.06. 
 SECTION 2.10 Alternate Rate of Interest. If prior to the commencement of any Interest Period for a Eurodollar Borrowing: 
 (a) the Administrative Agent determines (which determination shall be final and conclusive absent manifest error) that adequate and
reasonable means do not exist for ascertaining the Adjusted LIBOR Rate for such Interest Period; or 
 (b) the Administrative
Agent is advised in writing by the Required Lenders that the Adjusted LIBOR Rate for such Interest Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining their Loans included in such Borrowing for such
Interest Period; 
 then the Administrative Agent shall give written notice thereof to Borrower and the Lenders as promptly as practicable thereafter and,
until the Administrative Agent notifies Borrower and the Lenders that the 

  

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circumstances giving rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion of any Borrowing to, or
continuation of any Borrowing as, a Eurodollar Borrowing shall be deemed to be a request to convert such Borrowing into an ABR Borrowing, and (ii) if any Borrowing Request requests a Eurodollar Borrowing, such Borrowing shall be made as an ABR
Borrowing. 
 SECTION 2.11 Increased Costs. (a) If any Change in Law shall: 
 (i) impose, modify or deem applicable any reserve, special deposit or similar requirement against property of, deposits with or for the
account of, or credit extended by, any Lender (except any such reserve requirement reflected in the Adjusted LIBOR Rate) or any Issuing Bank; or 
 (ii) impose on any Lender or any Issuing Bank or the London interbank market any other condition affecting this Agreement or Eurodollar Loans made by such Lender or any Letter of Credit or participation therein;

 and the result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining any Eurodollar Loan (or of maintaining its
obligation to make any such Loan) or to increase the cost to such Lender, such Issuing Bank or such Lender’s or such Issuing Bank’s holding company, if any, of participating in, issuing or maintaining any Letter of Credit or to reduce the
amount of any sum received or receivable by such Lender or such Issuing Bank hereunder (whether of principal, interest or otherwise), then Borrower will pay to such Lender or such Issuing Bank, as the case may be, such additional amount or amounts
as will compensate such Lender or such Issuing Bank, as the case may be, for such additional costs incurred or reduction suffered, it being understood that, to the extent duplicative of the provisions of Section 2.14, this
Section 2.11 shall not apply to Taxes. 
 (b) If any Lender or any Issuing Bank determines (in good faith, but in its sole
absolute discretion) that any Change in Law regarding capital requirements has or would have the effect of reducing the rate of return on such Lender’s or such Issuing Bank’s capital or on the capital of such Lender’s or such Issuing
Bank’s holding company, if any, as a consequence of this Agreement or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by such Issuing Bank, to a level below that which such Lender
or such Issuing Bank or such Lender’s or such Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or such Issuing Bank’s policies and the policies of such
Lender’s or such Issuing Bank’s holding company with respect to capital adequacy), then from time to time Borrower will pay to such Lender or such Issuing Bank, as the case may be, such additional amount or amounts as will compensate such
Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s holding company for any such reduction suffered. 
 (c) A
certificate of a Lender or an Issuing Bank setting forth in reasonable detail the amount or amounts necessary to compensate such Lender or such Issuing Bank or its holding company, as the case may be, as specified in paragraph (a) or
(b) of this Section 2.11 shall be delivered to Borrower (with a copy to the Administrative Agent) and shall be conclusive and binding absent manifest error. Borrower shall pay such Lender or such Issuing Bank, as the case may be,
the amount shown as due on any such certificate within 5 days after receipt thereof. 
 (d) Failure or delay on the part of any Lender
or an Issuing Bank to demand compensation pursuant to this Section 2.11 shall not constitute a waiver of such Lender’s or such Issuing Bank’s right to demand such compensation; provided that Borrower shall not be
required to compensate a 

  

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Lender or an Issuing Bank pursuant to this Section for any increased costs or reductions incurred more than 180 days prior to the date that such Lender
or such Issuing Bank, as the case may be, notifies Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or such Issuing Bank’s intention to claim compensation therefor; provided,
further, that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 180-day period referred to above shall not begin earlier than the date of effectiveness of the Change in Law. 
 SECTION 2.12 Breakage Payments. In the event of (a) the payment or prepayment of any principal of any Eurodollar Loan earlier than the
last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any Eurodollar Loan earlier than the last day of the Interest Period applicable thereto, (c) the failure to borrow,
convert, continue or prepay any Eurodollar Loan on the date specified therefor in any notice delivered pursuant hereto, or (d) the assignment of any Eurodollar Loan earlier than the last day of the Interest Period applicable thereto as a result
of a request by Borrower pursuant to Section 2.15, then, in any such event, Borrower shall compensate each affected Lender for the loss, cost and expense attributable to such event for such Lender. In the case of any such event, such
loss, cost or expense to any Lender shall be deemed to include an amount determined by such Lender to be the excess, if any, of (i) the amount of interest or fees which would have accrued on the principal amount of such Loan had such event not
occurred, at the Adjusted LIBOR Rate that would have been applicable to such Loan, for the period from the date of such event to the last day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert, continue or
reduce as specified in such notice, for the period that would have been the Interest Period for such Loan), over (ii) the amount of interest or fees which would accrue on such principal amount of such Loan for such period at the interest rate
which such Lender would bid were it to bid, at the commencement of such period, for dollar deposits of a comparable amount and period from other banks in the Eurodollar market. A certificate of any Lender setting forth in reasonable detail any
amount or amounts that such Lender is entitled to receive pursuant to this Section 2.12 shall be delivered to Borrower (with a copy to the Administrative Agent) and shall be conclusive and binding absent manifest error. Borrower shall
pay such Lender the amount shown as due on any such certificate within 5 days after receipt thereof. 
 SECTION 2.13 Payments
Generally; Pro Rata Treatment; Sharing of Setoffs. (a) Borrower shall make each payment required to be made by it hereunder or under any other Loan Document (whether of principal, interest, fees or LC Reimbursement Obligations, or of
amounts payable under Section 2.11, 2.12 or 2.14, or otherwise) on or before the time expressly required hereunder or under such other Loan Document for such payment (or, if no such time is expressly required, prior to 2:00
p.m., New York City time), on the date when due, in immediately available funds, without setoff, deduction or counterclaim. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been
received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at its offices at 677 Washington Boulevard, Stamford, Connecticut 06901 (ABA# 026007993,
account# WA860050524), except payments to be made directly to the Issuing Banks or Swingline Lender as expressly provided herein and except that payments pursuant to Sections 2.11, 2.12, 2.14 and 11.03 shall be made
directly to the persons entitled thereto and payments pursuant to other Loan Documents shall be made to the persons specified therein. The Administrative Agent shall distribute any such payments received by it for the account of any other person to
the appropriate recipient promptly following receipt thereof. If any payment under any Loan Document shall be due on a day that is not a Business Day, unless specified otherwise, the date for payment shall be extended to the next succeeding Business
Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such 

  

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extension. All payments under each Loan Document shall be made in dollars, except as expressly specified otherwise. 
 (b) If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, LC Reimbursement
Obligations, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and
fees then due to such parties, and (ii) second, towards payment of principal and LC Reimbursement Obligations then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and LC Reimbursement
Obligations then due to such parties. 
 (c) If any Lender shall, by exercising any right of setoff or counterclaim or otherwise (including
by exercise of its rights under Section 9.1(a)(viii) of the Security Agreement), obtain payment in respect of any principal of or interest on any of its Revolving Loans, or participations in LC Disbursements or Swingline Loans resulting in such
Lender receiving payment of a greater proportion of the aggregate amount of its Revolving Loans and participations in LC Disbursements and Swingline Loans and accrued interest thereon than the proportion received by any other Lender, then the Lender
receiving such greater proportion shall purchase (for cash at face value) participations in the Revolving Loans and participations in LC Disbursements and Swingline Loans of other Lenders to the extent necessary so that the benefit of all such
payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Revolving Loans and participations in LC Disbursements and Swingline Loans; provided that
(i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and
(ii) the provisions of this paragraph shall not be construed to apply to any payment made by Borrower pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the assignment
of or sale of a participation in any of its Loans or participations in LC Disbursements to any assignee or participant, other than to Borrower or any of its Subsidiaries or Affiliates (as to which the provisions of this paragraph shall apply). Each
Loan Party consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against such Loan Party rights of setoff and
counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Loan Party in the amount of such participation. If under applicable bankruptcy, insolvency or any similar law any Secured Party receives a
secured claim in lieu of a setoff or counterclaim to which this Section 2.13(c) applies, such Secured Party shall to the extent practicable, exercise its rights in respect of such secured claim in a manner consistent with the rights to
which the Secured Party is entitled under this Section 2.13(c) to share in the benefits of the recovery of such secured claim. 
 (d) Unless the Administrative Agent shall have received notice from Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders hereunder that Borrower will not make such payment, the
Administrative Agent may assume that Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders the amount due. In such event, if Borrower has not in fact made such
payment, then each of the Lenders severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender with interest thereon, for each day from and including the date such amount is distributed to it to
but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 
  

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 (e) If any Lender shall fail to make any payment required to be made by it pursuant to
Section 2.02(c), 2.13(d), 2.16(d), 2.17(d), 2.17(e) or 11.03(d), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter
received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid. 
 SECTION 2.14 Taxes. (a) Any and all payments by or on account of any obligation of Borrower hereunder or under any other Loan Document
shall be made without setoff, counterclaim or other defense and free and clear of and without deduction or withholding for any and all Indemnified Taxes; provided that if Borrower shall be required by law to deduct any Indemnified Taxes from
such payments, then (i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions or withholdings applicable to additional sums payable under this Section 2.14) the
Administrative Agent, any Lender or any Issuing Bank, as the case may be, receives an amount equal to the sum it would have received had no such deductions or withholdings been made, (ii) Borrower shall make such deductions or withholdings and
(iii) Borrower shall pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law. 
 (b) In addition, Borrower shall pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 
 (c)
Borrower shall indemnify the Administrative Agent, each Lender and each Issuing Bank, within 10 Business Days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes paid by the Administrative Agent, such Lender or
such Issuing Bank, as the case may be, on or with respect to any payment by or on account of any obligation of Borrower hereunder or under any other Loan Document (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to
amounts payable under this Section 2.14) and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by
the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to Borrower by a Lender or an Issuing Bank, or by the Administrative Agent on its own behalf or on behalf of a Lender or an Issuing Bank,
shall be conclusive absent manifest error. 
 (d) As soon as practicable after any payment of Indemnified Taxes or Other Taxes and in any
event within 30 days of any such payment being due, by Borrower to a Governmental Authority, Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such
payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 
 (e) Any Lender that is entitled to an exemption from or reduction of withholding tax under the law of the jurisdiction in which Borrower is located, or any treaty to which such jurisdiction is a party, with respect to payments under this
Agreement shall deliver to Borrower (with a copy to the Administrative Agent), at the time or times prescribed by applicable law and reasonably requested by Borrower or the Administrative Agent, such properly completed and executed documentation
prescribed by applicable law and reasonably requested by Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate. Each Foreign Lender shall (i) furnish either (a) two accurate
and complete originally executed U.S. Internal Revenue Service Form W-8BEN and/or Form W-8IMY, as applicable (or successor form) or (b) an accurate and complete U.S. Internal Revenue Service Form W-8ECI (or successor form), certifying, in
either case, to such Foreign Lender’s legal entitlement to an exemption or reduction from U.S. federal withholding tax with respect to all 

  

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payments hereunder, and (ii) to the extent it may lawfully do so at such times, upon reasonable request by Borrower or the Administrative Agent, provide
a new Form W-8BEN and/or Form W-8IMY, as applicable (or successor form) or Form W-8ECI (or successor form) upon the expiration or obsolescence of any previously delivered form to reconfirm any complete exemption from, or any entitlement to a
reduction in, U.S. federal withholding tax with respect to any payment hereunder; provided that any Foreign Lender that is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code and is claiming the so-called
“portfolio interest exemption” shall also furnish a “Non-Bank Certificate” in the form of Exhibit P together with a Form W-8BEN and/or Form W-8IMY, as applicable. Notwithstanding anything in this
Section 2.14 to the contrary, no Foreign Lender shall be entitled to any indemnification or other benefits of Section 2.14(a), (b), (c) or (d) if such Lender has failed to deliver any of the
documentation required to be delivered by it pursuant to this Section 2.14(e). Each Lender that is not a Foreign Lender shall furnish an accurate and complete U.S. Internal Revenue Service Form W-9 (or successor form) establishing that
such Lender is not subject to U.S. backup withholding, and to the extent it may lawfully do so at such times, upon reasonable request by Borrower or the Administrative Agent, provide a new Form W-9 (or successor form) upon the expiration or
obsolescence of any previously delivered form. 
 (f) If the Administrative Agent or a Lender (or an assignee) determines in its reasonable
discretion that it has received a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by Borrower or with respect to which Borrower has paid additional amounts pursuant to this Section 2.14, it shall pay
over such refund to Borrower (but only to the extent of indemnity payments made, or additional amounts paid, by Borrower under this Section 2.14 with respect to the Indemnified Taxes or the Other Taxes giving rise to such refund), net of
all out-of-pocket expenses of the Administrative Agent or such Lender (or assignee) and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided, however, that Borrower, upon
the request of the Administrative Agent or such Lender (or assignee), agrees to repay the amount paid over to Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent
or such Lender (or assignee) within a reasonable time (not to exceed 20 days) after receipt of written notice that the Administrative Agent or such Lender (or assignee) is required to repay such refund to such Governmental Authority. Nothing
contained in this Section 2.14(f) shall require the Administrative Agent or any Lender (or assignee) to make available its Tax Returns or any other information which it deems confidential to Borrower or any other person. Notwithstanding
anything to the contrary, in no event will any Lender be required to pay any amount to Borrower the payment of which would place such Lender in a less favorable net after-tax position than such Lender would have been in if the additional amounts
giving rise to such refund of any Indemnified Taxes or Other Taxes had never been paid. 
 (g) For purposes of this Section 2.14,
in the case of any Lender that is treated as a partnership for U.S. federal income tax purposes, any Taxes required to be deducted and withheld by such Lender with respect to payments made by Borrower under any Loan Document shall be treated as
Taxes required to be deducted by Borrower, but only to the extent such Taxes would have been required to be deducted and withheld by such Lender if such Lender were treated as a corporation for U.S. federal income tax purposes making such payments
under the Loan Documents on behalf of Borrower. 
 SECTION 2.15 Mitigation Obligations; Replacement of Lenders. 
 (a) Mitigation of Obligations. If any Lender requests compensation under Section 2.11, or if Borrower is required to pay any
additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.14, then such Lender shall use reasonable 

  

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efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of
its offices, branches or affiliates, if, in the reasonable judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.11 or 2.14, as the case may be, in the
future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection
with any such designation or assignment. A certificate setting forth such costs and expenses in reasonable detail submitted by such Lender to Borrower and the Administrative Agent shall be conclusive absent manifest error. 
 (b) Replacement of Lenders. If any Lender requests compensation under Section 2.11, or if Borrower is required to pay any additional
amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.14, or if any Lender defaults in its obligation to fund Loans hereunder, then Borrower may, at its sole expense and effort, upon
notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 11.04), all of its interests, rights and
obligations under this Agreement to an assignee selected by Borrower that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that (i) Borrower shall have received the prior
written consent of the Administrative Agent (and, if a Revolving Commitment is being assigned, the Issuing Banks and the Swingline Lender), which consents shall not unreasonably be withheld or delayed, (ii) such Lender shall have received
payment of an amount equal to the outstanding principal of its Loans and participations in LC Disbursements and Swingline Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder (assuming for this purpose that the
Loans of such Lender were being prepaid) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or Borrower (in the case of all other amounts) and (iii) in the case of any such assignment resulting from a
claim for compensation under Section 2.11 or payments required to be made pursuant to Section 2.14, such assignment will result in a material reduction in such compensation or payments. A Lender shall not be required to make
any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling Borrower to require such assignment and delegation cease to apply. 
 SECTION 2.16 Swingline Loans. 
 (a) Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make Swingline Loans to Borrower from time to time during the Revolving Availability Period, in an aggregate principal
amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $10.0 million or (ii) the sum of the total Revolving Exposures exceeding the total Revolving Commitments;
provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, Borrower may borrow, repay and
reborrow Swingline Loans. 
 (b) Swingline Loans. To request a Swingline Loan, Borrower shall deliver, by hand delivery or telecopy, a
duly completed and executed Borrowing Request to the Administrative Agent and the Swingline Lender, not later than 2:00 p.m., New York City time, on the day of a proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the
requested date (which shall be a Business Day) and the amount of the requested Swingline Loan. Each Swingline Loan shall be an ABR Loan. The Swingline Lender shall make each Swingline Loan available to Borrower by means of a credit to the general
deposit account of Borrower with the Swingline Lender (or, in the case of a Swingline Loan 

  

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made to finance the reimbursement of an LC Disbursement as provided in Section 2.17(e), by remittance to the applicable Issuing Bank) by 3:00
p.m., New York City time, on the requested date of such Swingline Loan. Borrower shall not request a Swingline Loan if at the time of or immediately after giving effect to the Credit Extension contemplated by such request a Default has occurred and
is continuing or would result therefrom. Swingline Loans shall be made in minimum amounts of $1.0 million and integral multiples of $100,000 above such amount. 
 (c) Prepayment. Borrower shall have the right at any time and from time to time to repay any Swingline Loan, in whole or in part, upon giving written notice to the Swingline Lender and the Administrative Agent
before 12:00 (noon), New York City time, on the proposed date of repayment. 
 (d) Participations. The Swingline Lender may at any
time in its discretion by written notice given to the Administrative Agent (provided such notice requirement shall not apply if the Swingline Lender and the Administrative Agent are the same entity) not later than 11:00 A.M., New York City
time, on the next succeeding Business Day following such notice require the Revolving Lenders to acquire participations on such Business Day in all or a portion of the Swingline Loans then outstanding. Such notice shall specify the aggregate amount
of Swingline Loans in which Revolving Lenders will participate. Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each Revolving Lender, specifying in such notice such Lender’s Pro Rata Percentage of
such Swingline Loan or Loans. Each Revolving Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Administrative Agent, for the account of the Swingline Lender, such Lender’s Pro Rata
Percentage of such Swingline Loan or Loans. Each Revolving Lender acknowledges and agrees that its obligation to acquire participations in Swingline Loans pursuant to this paragraph is absolute and unconditional and shall not be affected by any
circumstance whatsoever, including the occurrence and continuance of a Default or reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever (so long as
such payment shall not cause such Lender’s Revolving Exposure to exceed such Lender’s Revolving Commitment). Each Revolving Lender shall comply with its obligation under this paragraph by wire transfer of immediately available funds, in
the same manner as provided in Section 2.02(c) with respect to Loans made by such Lender (and Section 2.02 shall apply, mutatis mutandis, to the payment obligations of the Revolving Lenders), and the Administrative
Agent shall promptly pay to the Swingline Lender the amounts so received by it from the Revolving Lenders. The Administrative Agent shall notify Borrower of any participations in any Swingline Loan acquired by the Revolving Lenders pursuant to this
paragraph, and thereafter payments in respect of such Swingline Loan shall be made to the Administrative Agent and not to the Swingline Lender. Any amounts received by the Swingline Lender from Borrower (or other party on behalf of Borrower) in
respect of a Swingline Loan after receipt by the Swingline Lender of the proceeds of a sale of participations therein shall be promptly remitted to the Administrative Agent. Any such amounts received by the Administrative Agent shall be promptly
remitted by the Administrative Agent to the Revolving Lenders that shall have made their payments pursuant to this paragraph, as their interests may appear. The purchase of participations in a Swingline Loan pursuant to this paragraph shall not
relieve Borrower of any default in the payment thereof. 
 SECTION 2.17 Letters of Credit. 
 (a) General. Subject to the terms and conditions set forth herein, Borrower may request an Issuing Bank, and the Issuing Banks agree, to issue
Letters of Credit at any time and from time to time during the Revolving Availability Period for its own account or the account of a Subsidiary and in a form reasonably acceptable to the Administrative Agent and such Issuing Bank (provided
that Borrower 

  

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shall be a co-applicant, and be jointly and severally liable, with respect to each Letter of Credit issued for the account of a Subsidiary). The Issuing
Banks shall have no obligation to issue, and Borrower shall not request the issuance of, any Letter of Credit at any time if after giving effect to such issuance, the LC Exposure would exceed the LC Commitment or the total Revolving Exposure would
exceed the total Revolving Commitments. In the event of any inconsistency between the terms and conditions of this Agreement or any other Loan Document and the terms and conditions of any form of letter of credit application or other agreement
submitted by Borrower to, or entered into by Borrower with, an Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement or such other Loan Document, as applicable, shall control, and no provision of such form of
letter of credit application relating to collateral, liens, set-off rights, indemnification or interest shall apply and such matters, if applicable, shall be governed by this Agreement and the Security Documents. 
 (b) Request for Issuance, Amendment, Renewal, Extension; Certain Conditions. To request the issuance of a Letter of Credit or the amendment,
renewal or extension of an outstanding Letter of Credit, Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the applicable Issuing Bank) an LC Request to such Issuing
Bank and the Administrative Agent not later than 11:00 a.m. on the third Business Day preceding the requested date of issuance, amendment, renewal or extension (or such later date and time as is acceptable to such Issuing Bank). 
 A request for an initial issuance of a Letter of Credit shall specify in form and detail satisfactory to the applicable Issuing Bank: 
 (i) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); 
 (ii) the amount thereof; 
 (iii) the expiry date thereof (which shall not be later than the close of business on the Letter of Credit Expiration Date); 
 (iv) the name and address of the beneficiary thereof; 
 (v) whether the Letter of Credit is to be issued for its own account or for the account of one of its Subsidiaries (provided that
Borrower shall be a co-applicant, and therefore jointly and severally liable, with respect to each Letter of Credit issued for the account of a Subsidiary); 
 (vi) the documents to be presented by such beneficiary in connection with any drawing thereunder; 
 (vii) the full text of any certificate to be presented by such beneficiary in connection with any drawing thereunder; and 
 (viii) such other matters as such Issuing Bank may require. 
 A request for an amendment, renewal or extension of any outstanding Letter of Credit shall specify in form and detail satisfactory to the applicable Issuing Bank: 
 (i) the Letter of Credit to be amended, renewed or extended; 
  

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 (ii) the proposed date of amendment, renewal or extension thereof (which shall be a
Business Day); 
 (iii) the nature of the proposed amendment, renewal or extension; and 
 (iv) such other matters as such Issuing Bank may require. 
 If requested by an Issuing Bank but subject to Section 2.17(a), Borrower also shall submit a letter of credit application on the applicable Issuing Bank’s standard form in connection with any request
for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and, upon issuance, amendment, renewal or extension of each Letter of Credit, Borrower shall be deemed to represent and warrant that), after giving
effect to such issuance, amendment, renewal or extension, (i) the LC Exposure shall not exceed the LC Commitment and (ii) the total Revolving Exposures shall not exceed the total Revolving Commitments. Unless the applicable Issuing Bank
shall agree otherwise, no Letter of Credit shall be in an initial amount less than $100,000, in the case of a Commercial Letter of Credit, or $100,000, in the case of a Standby Letter of Credit. 
 (c) Expiration Date. (i) Subject to clause (ii) below, each Letter of Credit shall expire at or prior to the close of business on
(i) in the case of a Standby Letter of Credit, the earlier of (x) the date that is one year after the date of the issuance of such Standby Letter of Credit (or, in the case of any renewal or extension thereof, one year after such renewal
or extension) and (y) the Letter of Credit Expiration Date and (ii) in the case of a Commercial Letter of Credit, the earlier of (x) the date that is 180 days after the date of issuance of such Commercial Letter of Credit (or, in
the case of any renewal or extension thereof, 180 days after such renewal or extension) and (y) the Letter of Credit Expiration Date. 
 (ii) If Borrower so requests in any LC Request, the applicable Issuing Bank may, in its sole and absolute discretion, agree to issue a Letter of Credit that has automatic renewal provisions (each, an “Auto-Renewal Letter of
Credit”); provided that any such Auto-Renewal Letter of Credit must permit such Issuing Bank to prevent any such renewal at least once in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by
giving prior notice to the beneficiary thereof not later than a day in each such twelve-month period to be agreed upon at the time such Letter of Credit is issued. Unless otherwise directed by such Issuing Bank, Borrower shall not be required to
make a specific request to such Issuing Bank for any such renewal. Once an Auto-Renewal Letter of Credit has been issued, the Lenders shall be deemed to have authorized (but may not require) such Issuing Bank to permit the renewal of such Letter of
Credit at any time to an expiry date not later than the earlier of (i) one year from the date of such renewal and (ii) the Letter of Credit Expiration Date; provided that such Issuing Bank shall not permit any such renewal if
(x) such Issuing Bank has determined that it would have no obligation at such time to issue such Letter of Credit in its renewed form under the terms hereof (by reason of the provisions of Section 2.17(l) or otherwise), or
(y) it has received notice on or before the day that is two Business Days before the date which has been agreed upon pursuant to the proviso of the first sentence of this paragraph, (1) from the Administrative Agent that any Lender
directly affected thereby has elected not to permit such renewal or (2) from the Administrative Agent, any Lender or Borrower that one or more of the applicable conditions specified in Section 4.02 are not then satisfied.

 (d) Participations. By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) and
without any further action on the part of any Issuing Bank or the Lenders, each Issuing Bank hereby irrevocably grants to each Revolving Lender, and each Revolving Lender hereby acquires from each Issuing Bank, a participation in such Letter of
Credit equal to such Revolving Lender’s Pro Rata Percentage of the aggregate amount available to be drawn under such Letter 

  

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of Credit. In consideration and in furtherance of the foregoing, each Revolving Lender hereby absolutely and unconditionally agrees to pay to the
Administrative Agent, for the account of each Issuing Bank, such Revolving Lender’s Pro Rata Percentage of each LC Disbursement made by each Issuing Bank and not reimbursed by Borrower on the date due as provided in Section 2.17(e),
or of any reimbursement payment required to be refunded to Borrower for any reason. Each Revolving Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Letters of Credit is absolute
and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or reduction or termination of the Commitments, and that
each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. 
 (e) Reimbursement. (i) If
any Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, Borrower shall reimburse such LC Disbursement by paying to such Issuing Bank an amount equal to such LC Disbursement not later than 2:00 p.m., New York City time, on
the date that such LC Disbursement is made if Borrower shall have received notice of such LC Disbursement prior to 9:45 a.m., New York City time, on such date, or, if such notice has not been received by Borrower prior to such time on such date,
then not later than 2:00 p.m., New York City time, on the Business Day immediately following the day that Borrower receives such notice; provided that Borrower may, subject to the conditions to borrowing set forth herein, request in
accordance with Section 2.03 that such payment be financed with ABR Loans in an equivalent amount and, to the extent so financed, Borrower’s obligation to make such payment shall be discharged and replaced by the resulting ABR
Loans. 
 (ii) If Borrower fails to make any payment required to be made pursuant to Section 2.17(e)(i) above with respect to a
Letter of Credit when due, the Issuing Bank entitled to such payment shall notify the Administrative Agent, whereupon Borrower shall be deemed to have requested a Revolving Loan in the amount of such payment. The Administrative Agent shall notify
each Revolving Lender of the applicable LC Disbursement, the payment then due from Borrower in respect thereof and such Revolving Lender’s Pro Rata Percentage thereof. Each Revolving Lender shall pay by wire transfer of immediately available
funds to the Administrative Agent not later than 2:00 p.m., New York City time, on such date (or, if such Revolving Lender shall have received such notice later than 12:00 noon, New York City time, on any day, not later than 11:00 a.m., New York
City time, on the immediately following Business Day), an amount equal to such Revolving Lender’s Pro Rata Percentage of the unreimbursed LC Disbursement in the same manner as provided in Section 2.02(c) with respect to Revolving
Loans made by such Revolving Lender, and the Administrative Agent will promptly pay to the applicable Issuing Bank the amounts so received by it from the Revolving Lenders. The Administrative Agent will promptly pay to such Issuing Bank any amounts
received by it from Borrower pursuant to the above paragraph prior to the time that any Revolving Lender makes any payment pursuant to the preceding sentence and any such amounts received by the Administrative Agent from Borrower thereafter will be
promptly remitted by the Administrative Agent to the Revolving Lenders that shall have made such payments and to such Issuing Bank, as appropriate. If any Revolving Lender shall not have made its Pro Rata Percentage of such LC Disbursement available
to the Administrative Agent as provided above, each of such Revolving Lender and Borrower severally agrees to pay interest on such amount, for each day from and including the date such amount is required to be paid in accordance with the foregoing
to but excluding the date such amount is paid, to the Administrative Agent for the account of the applicable Issuing Bank at (i) in the case of Borrower, the rate per annum set forth in Section 2.17(h) and (ii) in the case of
such Lender, at a rate determined by the Administrative Agent in accordance with banking industry rules or practices on interbank compensation. 
  

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 (f) Obligations Absolute. The LC Reimbursement Obligation of Borrower as provided in
Section 2.17(e) shall be absolute, unconditional and irrevocable, and shall be paid and performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack of
validity or enforceability of any Letter of Credit or this Agreement, or any term or provision therein; (ii) any draft or other document presented under a Letter of Credit being proved to be forged, fraudulent, invalid or insufficient in any
respect or any statement therein being untrue or inaccurate in any respect; (iii) subject to the next two succeeding sentences in this Section 2.17(f), payment by any Issuing Bank under a Letter of Credit against presentation of a
draft or other document that fails to comply with the terms of such Letter of Credit; (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this
Section 2.17, constitute a legal or equitable discharge of, or provide a right of setoff against, the obligations of Borrower hereunder; (v) the fact that a Default shall have occurred and be continuing; or (vi) any material
adverse change in the business, property, results of operations, prospects or condition, financial or otherwise, of Borrower and its Subsidiaries. None of the Agents, the Lenders, the Issuing Banks or any of their Affiliates shall have any liability
or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any
error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in
interpretation of technical terms or any consequence arising from causes beyond the control of the Issuing Banks; provided that the foregoing shall not be construed to excuse an Issuing Bank from liability to Borrower to the extent of any
direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by Borrower to the extent permitted by applicable law) suffered by Borrower that are caused by such Issuing Bank’s failure to exercise care when
determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of an Issuing Bank (as
finally determined by a court of competent jurisdiction), such Issuing Bank shall be deemed to have exercised care in each such determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with
respect to documents presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit, an Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility
for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit. 
 (g) Disbursement Procedures. An Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand
for payment under a Letter of Credit. Such Issuing Bank shall promptly give written notice to the Administrative Agent and Borrower of such demand for payment and whether such Issuing Bank has made or will make an LC Disbursement thereunder;
provided that any failure to give or delay in giving such notice shall not relieve Borrower of its LC Reimbursement Obligation to such Issuing Bank and the Lenders with respect to any such LC Disbursement (other than with respect to the
timing of such LC Reimbursement Obligation set forth in Section 2.17(e)). 
 (h) Interim Interest. If an Issuing Bank
shall make any LC Disbursement, then, unless Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest payable on demand, (x) for each day from and including
the date such LC Disbursement is made to but excluding the due date for such reimbursement in accordance with Section 2.17(e) (if different from the date of such LC Disbursement), at a rate per annum 

  

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determined pursuant to Section 2.06(a), and (y) for each day from and including such due date to but excluding the date that Borrower
reimburses such LC Disbursement, at the rate per annum determined pursuant to Section 2.06(c) (but without any need for an election to be made by the Required Lenders). Interest accrued pursuant to this paragraph shall be for the account
of such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to Section 2.17(e)(ii) to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such
payment. 
 (i) Cash Collateralization. If any Event of Default shall occur and be continuing, on the Business Day that Borrower
receives notice from the Administrative Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, Revolving Lenders with LC Exposure representing greater than 50% of the total LC Exposure) demanding the deposit of cash
collateral pursuant to this paragraph, Borrower shall deposit in the LC Sub-Account, in the name of the Collateral Agent and for the benefit of the Revolving Lenders, an amount in cash equal to the LC Exposure as of such date plus any accrued and
unpaid interest thereon; provided that the obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the
occurrence of any Event of Default with respect to Borrower described in paragraph (g) or (h) (other than clause (ix)) thereof of Article VIII. Funds in the LC Sub-Account shall be applied by the Collateral Agent to reimburse
any Issuing Bank for LC Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of outstanding LC Reimbursement Obligations or, if the maturity of the Loans has been accelerated (but
subject to the consent of Revolving Lenders with LC Exposure representing greater than 50% of the total LC Exposure), be applied to satisfy other Obligations of Borrower under this Agreement. If Borrower is required to provide an amount of cash
collateral hereunder as a result of the occurrence of an Event of Default, such amount plus any accrued interest or realized profits with respect to such amounts (to the extent not applied as aforesaid) shall be returned to Borrower within
three Business Days after all Events of Default have been cured or waived. 
 (j) Additional Issuing Banks. Borrower may, at any time
and from time to time, designate one or more additional Revolving Lenders to act as an issuing bank with respect to Letters of Credit under the terms of this Agreement, with the consent of the Administrative Agent (which consent shall not be
unreasonably withheld or delayed), the Issuing Banks and such Revolving Lender(s). Any Revolving Lender designated as an issuing bank pursuant to this paragraph (j) shall be deemed (in addition to being a Revolving Lender) to be the Issuing
Bank with respect to Letters of Credit issued or to be issued by such Revolving Lender, and all references herein and in the other Loan Documents to the term “Issuing Bank” shall, with respect to such Letters of Credit, be deemed to refer
to such Revolving Lender in its capacity as Issuing Bank, as the context shall require. 
 (k) Resignation or Removal of an Issuing
Bank. An Issuing Bank may resign as Issuing Bank hereunder at any time upon at least 45 days’ prior notice to the Lenders, the Administrative Agent and Borrower. An Issuing Bank may be replaced at any time by written agreement among
Borrower, each Agent, the replaced Issuing Bank and the successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement of an Issuing Bank or any such additional Issuing Bank. At the time any such resignation or
replacement shall become effective, Borrower shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Sections 2.05(c) and (d). From and after the effective date of any such resignation or
replacement or addition, as applicable, (i) the successor or additional Issuing Bank shall have all the rights and obligations of the Issuing Banks under this Agreement with respect to Letters of Credit to be issued by it thereafter and
(ii) references herein to the term “Issuing Bank” shall be deemed to refer to such successor or such addition or to any previous Issuing Bank, or to such successor or such addition and all previous Issuing Banks, as the context shall

  

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require. After the resignation or replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have
all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such resignation or replacement, but shall not be required to issue additional Letters of Credit. If at any time there is
more than one Issuing Bank hereunder, Borrower may, in its discretion, select which Issuing Bank is to issue any particular Letter of Credit. 
 (l) Other. An Issuing Bank shall be under no obligation to issue any Letter of Credit if: 
 (i) any order,
judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain such Issuing Bank from issuing such Letter of Credit, or any law applicable to such Issuing Bank or any request or directive (whether or
not having the force of law) from any Governmental Authority with jurisdiction over such Issuing Bank shall prohibit, or request that such Issuing Bank refrain from, the issuance of letters of credit generally or such Letter of Credit in particular
or shall impose upon such Issuing Bank with respect to such Letter of Credit any restriction, reserve or capital requirement (for which such Issuing Bank is not otherwise compensated hereunder) not in effect on the Second Restatement Date, or shall
impose upon such Issuing Bank any unreimbursed loss, cost or expense which was not applicable on the Second Restatement Date and which such Issuing Bank in good faith deems material to it; or 
 (ii) the issuance of such Letter of Credit would violate one or more generally applicable policies of such Issuing Bank. 
 An Issuing Bank shall be under no obligation to amend any Letter of Credit if (A) such Issuing Bank would have no obligation at such time to issue
such Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of Credit. 
 (m) Existing Letters of Credit. Each “Letter of Credit” (as defined in the First Amended and Restated Credit Agreement) that is
outstanding on the Second Restatement Date shall on and after the Second Restatement Date be deemed a Letter of Credit under this Agreement and the pricing, fees and other terms of each such Letter of Credit shall be based upon and determined in
accordance with the provisions of this Agreement. 
 ARTICLE III 
 REPRESENTATIONS AND WARRANTIES 
 Each Loan Party represents and warrants to the
Administrative Agent, the Collateral Agent, the Issuing Banks and each of the Lenders (with references to the Companies being references thereto after giving effect to the Transactions unless otherwise expressly stated) that: 
 SECTION 3.01 Organization; Powers. Each Company (a) is duly organized or formed and validly existing under the laws of the
jurisdiction of its organization, (b) has all requisite corporate, limited liability company or partnership (or similar authority relating to business entities) power and authority to carry on its business as now conducted and to own and lease
its property and (c) is qualified and in good standing (or has such other equivalent status) to do business in every jurisdiction where such qualification is required, except in such jurisdictions where the failure to so qualify or be in

  

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good standing, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. There is no existing material
default under any Organizational Document of each Company or any event which, with the giving of notice or passage of time or both, would constitute a material default by any party thereunder. 
 SECTION 3.02 Authorization; Enforceability. The Transactions to be entered into by each Loan Party are within such Loan Party’s
corporate, limited liability company or partnership (or similar authority relating to business entities) powers and have been duly authorized by all necessary corporate, limited liability company or partnership (or similar authority relating to
business entities) action on the part of such Loan Party. This Agreement has been duly executed and delivered by each Loan Party and constitutes, and each other Loan Document to which any Loan Party is to be a party, when executed and delivered by
such Loan Party, will constitute, a legal, valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws
affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 
 SECTION 3.03 No Conflicts. Except as set forth on Schedule 3.03, the Transactions (a) do not require any consent or approval of, registration or filing with, or any other action
by, any Governmental Authority, except (i) such as have been obtained or made and are in full force and effect, (ii) filings necessary to perfect Liens created by the Loan Documents and (iii) consents, approvals, registrations,
filings, permits or other actions the failure to obtain or perform which would not reasonably be expected to result in a Material Adverse Effect, (b) will not violate the Organizational Documents of any Company or any judgment, decree or order
of any Governmental Authority, (c) will not violate or result in a default or require any consent or approval under any indenture, agreement or other instrument binding upon any Company or its property, or give rise to a right thereunder to
require any payment to be made by any Company, except for violations, defaults, the creation of such rights or the failure to obtain any such consent or approval that would not reasonably be expected to result in a Material Adverse Effect, and
(d) will not result in the creation or imposition of any Lien on any property of any Company, except Liens created by the Loan Documents and other Permitted Liens. 
 SECTION 3.04 Financial Statements. Borrower has heretofore furnished to the Lenders all financial statements required pursuant to Sections 5.01(a), (b) and
(c) of the First Amended and Restated Credit Agreement through the Second Restatement Date and all such financial statements have been prepared in accordance with GAAP consistently applied (except any inconsistencies in the application
of GAAP as are approved by such independent public accountants and disclosed in their audit report) and present fairly and accurately the financial condition and results of operations and cash flows of the Companies as of the dates and for the
periods to which they relate, subject in the case of unaudited statements to changes resulting from audit and normal year end adjustments. Except as set forth in such financial statements, there are no liabilities of any Company of any kind, whether
accrued, contingent, absolute, determined, determinable or otherwise, which would reasonably be expected to result in a Material Adverse Effect, and there is no existing condition, situation or set of circumstances which, in the reasonable
determination of a Financial Officer of Borrower in his or her reasonable good faith judgment, would reasonably be expected to result in such a liability, other than liabilities under the Loan Documents and the Senior Unsecured Note Documents. To
the extent required by GAAP, the Companies maintain adequate reserves for future costs associated with any Black Lung Liabilities, retiree and health care benefits, any Reclamation and any other potential Environmental Claim. 
  

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 Since December 31, 2005, there has been no event, change, circumstance or occurrence that,
individually or in the aggregate, has had or would reasonably be expected to result in a Material Adverse Effect. 
 SECTION 3.05
Properties. (a) Each Company has good title to, or valid leasehold interests in, all its property material to its business, free and clear of all Liens except for Permitted Collateral Liens and minor irregularities or deficiencies
in title that, individually or in the aggregate, do not interfere with its ability to conduct its business as currently conducted or to utilize such property for its intended purpose, and each Company has Mining Title to all Active Operating
Properties to the extent necessary to conduct its business as currently conducted and to utilize such properties for their intended purpose. The property of the Companies, taken as a whole, (i) is in good operating order, condition and repair
(ordinary wear and tear excepted), except to the extent that the failure to be in such condition would not reasonably be expected to result in a Material Adverse Effect, and (ii) constitutes all the property which is required for the business
and operations of the Companies as presently conducted. 
 (b) Schedule 3.05(b) contains a true and complete list of each
interest in Real Property (i) owned by any Company as of the Second Restatement Date and describes the type of interest therein held by such Company and (ii) leased, subleased or otherwise occupied or utilized by any Company, as lessee,
sublessee, franchisee or licensee, as of the Second Restatement Date and describes the type of interest therein held by such Company, whether such lease or sublease is a Mining Lease or Prep Plant Lease and, in the case of leases or subleases for
the Significant Mining Properties, whether such lease, sublease or other instrument requires the consent of the landlord thereunder or other parties thereto to the Transactions, including the granting of Liens on the Collateral to the Collateral
Agent for the benefit of the Secured Parties. 
 (c) As of the Second Restatement Date, no Company has received any notice of, nor has any
knowledge of, the occurrence or pendency or contemplation of any Casualty Event affecting all or any portion of its property. As of the date of any Credit Extension occurring after the Second Restatement Date, no Company has received any notice of,
nor has any knowledge of, the occurrence or pendency or contemplation of any Casualty Event, except to the extent that such Casualty Event would not reasonably be expected to result in a Material Adverse Effect. No Mortgage encumbers improved Real
Property that is located in an area that has been identified by the Secretary of Housing and Urban Development as an area having special flood hazards within the meaning of the National Flood Insurance Act of 1968 unless flood insurance available
under such Act has been obtained in accordance with Section 5.04. 
 (d) Each Company owns or has rights to use all of the
Collateral and all rights with respect to any of the foregoing to the extent material to the ordinary business operations of such Company. The use by each Company of such Collateral and all such rights with respect to the foregoing do not infringe
on the rights of any person other than such infringement which would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect. No claim has been made and remains outstanding that any Company’s use of
any Collateral does or may violate the rights of any third party that would reasonably be expected (after giving effect to the probable outcome of any proceeding relating thereto), individually or in the aggregate, to result in a Material Adverse
Effect. 
 SECTION 3.06 Intellectual Property. 
 (a) Ownership/No Claims. Each Loan Party owns, or is licensed to use, all patents, patent applications, trademarks, trade names, service marks,
copyrights, technology, trade secrets, 

  

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proprietary information, domain names, know-how and processes necessary for the conduct of its business as currently conducted (the “Intellectual
Property”), except for those the failure to own or license which, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. No Loan Party has knowledge of any claim that has been asserted and
is pending by any person challenging or questioning the use of any such Intellectual Property, or the validity or effectiveness of any such Intellectual Property, except for such claims that would not reasonably be expected to have a Material
Adverse Effect, nor does any Loan Party know of any valid basis for any such claim. The use of such Intellectual Property by each Loan Party does not infringe the rights of any person, except for such claims and infringements that, individually or
in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. 
 (b) Registrations. Except pursuant to
licenses and other user agreements entered into by each Loan Party in the ordinary course of business that are listed in Schedules 13(a) and 13(b) to the Perfection Certificate, on and as of the Second Restatement Date (i) each
Loan Party owns and possesses the right to use, and has done nothing to authorize or enable any other person to use, any Copyright, Patent or Trademark (as such terms are defined in the Security Agreement) listed in Schedules 13(a) and
13(b) to the Perfection Certificate and (ii) all registrations listed in Schedules 13(a) and 13(b) to the Perfection Certificate are valid and in full force and effect. 
 (c) No Violations or Proceedings. To each Loan Party’s knowledge, on and as of the Second Restatement Date, (i) there is no material
violation by others of any right of such Loan Party with respect to any copyright, patent or trademark listed in Schedules 13(a) and 13(b) to the Perfection Certificate, respectively, pledged by it under the name of such Loan Party,
(ii) such Loan Party is not infringing upon any copyright, patent or trademark of any other person other than such infringement that, individually or in the aggregate, would not reasonably be expected to materially adversely affect the value or
utility of the Intellectual Property or any portion thereof material to the use and operation of the Collateral, and (iii) no proceedings have been instituted or are pending against such Loan Party or, to its knowledge, threatened, and no claim
against such Loan Party has been received by such Loan Party, alleging any such violation, except as may be set forth in Schedule 3.06(c). 
 SECTION 3.07 Equity Interests and Subsidiaries. (a) Schedule 3.07(a) sets forth a list of (i) all the Subsidiaries of Holdings and their jurisdiction of organization as of
the Second Restatement Date and (ii) the number of each class of their Equity Interests authorized, and the number outstanding, on the Second Restatement Date and the number of shares covered by all outstanding options, warrants, rights of
conversion or purchase or similar rights at the Second Restatement Date. All Equity Interests of each Company are duly and validly issued and are fully paid and non-assessable, and, other than the Equity Interests of Holdings, are owned by Holdings,
directly or indirectly through Wholly Owned Subsidiaries. Each Loan Party is the record and beneficial owner of, and has good and marketable title to, the Equity Interests pledged by it under the Security Agreement, free of any and all consensual
Liens, rights or claims of other persons, except the security interest created by the Security Agreement, and there are no outstanding warrants, options or other rights to purchase, or shareholder, voting trust or similar agreements outstanding with
respect to, or property that is convertible into, or that requires the issuance or sale of, any such Equity Interests. 
 (b) No consent of
any person including any other general or limited partner, any other member of a limited liability company, any other shareholder or any other trust beneficiary is necessary or reasonably desirable (from the perspective of a secured party) in
connection with the creation, perfection or first priority status of the security interest of the Collateral Agent in any Equity Interests pledged to the Collateral Agent for the benefit of the Secured Parties under the Security 

  

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Agreement or the exercise by the Collateral Agent of the voting or other rights provided for in the Security Agreement or the exercise of remedies in respect
thereof, except such consents and approvals typically required under Federal and state securities laws in effect at the time. 
 (c) An
accurate organization chart, showing the ownership structure of Holdings and each of its Subsidiaries on the Second Restatement Date, and after giving effect to the Transactions, is set forth on Schedule 3.07(c). 
 SECTION 3.08 Litigation; Compliance with Laws. (a) Except for matters covered by Section 3.18, there are no
actions, suits or proceedings at law or in equity by or before any Governmental Authority now pending or, to the knowledge of any Company, threatened against or affecting any Company or any business, property or rights of any Company (i) that
involve any Loan Document or any of the Transactions or (ii) that, in the reasonable good faith judgment of such Company (after giving effect to the exhaustion of all appeals), would reasonably be expected, individually or in the aggregate, to
result in a Material Adverse Effect. 
 (b) Except for matters covered by Section 3.18, no Company or any of its property is in
violation of, nor will the continued operation of its property as currently conducted violate, any Requirements of Law (including any zoning or building ordinance, code or approval or any building permits) or any restrictions of record or agreements
affecting any Company’s Real Property or is in default with respect to any judgment, writ, injunction, decree, rule or order of any Governmental Authority, where such violation or default, individually or in the aggregate, would reasonably be
expected to result in a Material Adverse Effect. 
 SECTION 3.09 Agreements. (a) As of the Second Restatement Date,
no Company is a party to any agreement or instrument or subject to any corporate or other constitutional restriction that has resulted or would reasonably be expected to result in a Material Adverse Effect. 
 (b) No Company is in default in any manner under any provision of any indenture or other agreement or instrument evidencing Indebtedness, or any other
agreement or instrument to which it is a party or by which it or any of its property is or may be bound, where such default would reasonably be expected to result in a Material Adverse Effect. 
 (c) Schedule 3.09(c) accurately and completely lists all Material Agreements (other than leases of Real Property set forth on
Schedule 3.05(b) and the Coal Agreements, Mining Leases and Prep Plant Leases set forth on Schedule 3.21) to which any Company is a party which are in effect on the Second Restatement Date in connection with the operation of the
business conducted thereby and Borrower has delivered to the Administrative Agent complete and correct copies of (or provided the Administrative Agent with access to) all such Material Agreements, including any amendments, supplements or
modifications with respect thereto, and all such agreements are in full force and effect as of the Second Restatement Date. 
 SECTION
3.10 Federal Reserve Regulations. (a) No Company is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of buying or carrying Margin Stock. 
 (b) No part of the proceeds of any Loan or any Letter of Credit will be used, whether directly or indirectly, and whether immediately, incidentally or
ultimately, for any purpose that entails a violation of, or that is inconsistent with, the provisions of the regulations of the Board, including 

  

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Regulation T, U or X. The pledge of the Securities Collateral pursuant to the Security Agreement does not violate any such regulations. 
 SECTION 3.11 Investment Company Act; Public Utility Holding Company Act. No Company is (a) an “investment company” or
a company “controlled” by an “investment company,” as defined in, or subject to regulation under, the Investment Company Act of 1940, as amended, or (b) a “holding company,” an “affiliate” of a
“holding company” or a “subsidiary company” of a “holding company,” as defined in, or subject to regulation under, the Public Utility Holding Company Act of 1935, as amended. 
 SECTION 3.12 Use of Proceeds. Borrower will use (a) the proceeds of the Revolving Loans for working capital and general
corporate purposes of Borrower and its Subsidiaries, including Permitted Acquisitions and (b) the Letters of Credit to support Borrower’s and its Subsidiaries’ surety bonding program, workers’ compensation requirements and other
general corporate purposes of Borrower and its Subsidiaries. 
 SECTION 3.13 Taxes. Each Company has (a) timely
filed or caused to be timely filed all federal Tax Returns and all material state, local and foreign Tax Returns or materials required to have been filed by it and all such Tax Returns are true and correct in all material respects and (b) duly
and timely paid or caused to be duly and timely paid all Taxes (whether or not shown on any Tax Return) due and payable by it and all assessments received by it, except Taxes (i) that are being contested in good faith by appropriate proceedings
and for which such Company has set aside on its books adequate reserves in accordance with GAAP or (ii) that would not, individually or in the aggregate, have a Material Adverse Effect. Each Company has made adequate provision in accordance
with GAAP for all Taxes not yet due and payable. Each Company is unaware of any proposed or pending tax assessments, deficiencies or audits that would be reasonably expected to, individually or in the aggregate, result in a Material Adverse Effect.

 SECTION 3.14 No Material Misstatements. No information, report, financial statement, certificate, Borrowing Request,
LC Request, exhibit or schedule furnished by or on behalf of any Company to the Administrative Agent or any Lender in connection with the negotiation of any Loan Document or included therein or delivered pursuant thereto (including the Confidential
Information Memorandum), taken as a whole and giving effect to amendments and supplements thereto from time to time as permitted by the Loan Documents, contained or contains any material misstatement of fact or omitted or omits to state any material
fact necessary to make the statements therein, in the light of the circumstances under which they were or are made, not misleading as of the date such information is dated or certified; provided that to the extent any such information,
report, financial statement, exhibit or schedule was based upon or constitutes a forecast or projection, each Company represents only that it acted in good faith and utilized assumptions reasonable at the time made and due care in the preparation of
such information, report, financial statement, exhibit or schedule. 
 SECTION 3.15 Labor Matters. As of the Second
Restatement Date, there are no material strikes, lockouts or slowdowns against any Company pending or, to the knowledge of any Company, threatened. The hours worked by and payments made to employees of any Company have not been in violation of the
Fair Labor Standards Act of 1935, as amended, or any other applicable Requirement of Law dealing with such matters in any manner that would reasonably be expected to result in a Material Adverse Effect. All payments due from any Company, or for
which any claim may be made against any Company, on account of wages and employee health and welfare insurance and other benefits, have been paid or accrued as a liability on the books of such Company except where the failure 

  

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to do so would not reasonably be expected to result in a Material Adverse Effect. The consummation of the Transactions will not give rise to any right of
termination or right of renegotiation on the part of any union under any collective bargaining agreement to which any Company is bound. 
 SECTION 3.16 Solvency. Immediately after the consummation of the Transactions to occur on the Second Restatement Date and immediately following the making of each Loan and after giving effect to the application of the
proceeds of each Loan, (a) the fair value of the properties of each Loan Party (individually and on a consolidated basis with its Subsidiaries) will exceed its debts and liabilities, subordinated, contingent or otherwise; (b) the present
fair saleable value of the property of each Loan Party (individually and on a consolidated basis with its Subsidiaries) will be greater than the amount that will be required to pay the probable liability of its debts and other liabilities,
subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured; (c) each Loan Party (individually and on a consolidated basis with its Subsidiaries) will be able to pay its debts and liabilities,
subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured; and (d) each Loan Party (individually and on a consolidated basis with its Subsidiaries) will not have unreasonably small capital with which to
conduct its business in which it is engaged as such business is now conducted and is proposed to be conducted following the Second Restatement Date. 
 SECTION 3.17 Employee Benefit Plans. Each Company and its ERISA Affiliates is in compliance in all material respects with the applicable provisions of ERISA and the Code and the regulations and
published interpretations thereunder. No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events, could reasonably be expected to result in material liability of any Company or any of
its ERISA Affiliates or the imposition of a Lien on any of the property of any Company. The present value of all accumulated benefit obligations of all underfunded Plans (based on the assumptions used for purposes of Statement of Financial
Accounting Standards No. 87) did not, as of the date of the most recent financial statements reflecting such amounts, exceed by more than $250,000 the fair market value of the property of all such underfunded Plans. Using actuarial assumptions
and computation methods consistent with subpart I of subtitle E of Title IV of ERISA, the aggregate liabilities of each Company or its ERISA Affiliates to all Multiemployer Plans in the event of a complete withdrawal therefrom, as of the close of
the most recent fiscal year of each such Multiemployer Plan, would not reasonably be expected to result in a material liabilities of any Company or any of its ERISA Affiliates. The Company, its ERISA Affiliates and its “related persons”
(as defined in the Coal Act) are in compliance in all material respects with the Coal Act and the regulations promulgated thereunder, and none of the Company, its ERISA Affiliates or its “related persons” has incurred any material
liability under the Coal Act except with respect to premiums or other payments required thereunder which have been paid when due. The Company and its ERISA Affiliates are in compliance in all material respects with the Black Lung Act and the
regulations promulgated thereunder, and neither the Company nor its ERISA Affiliates has incurred any material liability under the Black Lung Act. 
 SECTION 3.18 Environmental Matters. (a) Except as set forth in Schedule 3.18: 
 (i) The Companies and their businesses, operations and Real Property are and since the Original Closing Date have been in compliance with, and the Companies have no liability under, Environmental Law, except any such non-compliance or
liability as would not reasonably be expected to result in a Material Adverse Effect; 
 (ii) The Companies have obtained, and
are in compliance with, all Environmental or Mining Permits required for the conduct of their businesses and operations, and the ownership, 

  

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occupation, operation and use of their Real Property and other property, under Environmental Law, and all such Environmental or Mining Permits are valid and
in good standing, except any such failure to obtain, non-compliance or failure to be valid and in good standing as would not reasonably be expected to result in a Material Adverse Effect. Under the currently effective business plan of the Companies,
to the knowledge of the Companies, no expenditures materially in excess of those amounts currently included in the most recent budget submitted pursuant to Section 5.01(g) hereof or other material or operational adjustments will be
required in order to remain in compliance with applicable Environmental Laws or required Environmental or Mining Permits. To the knowledge of the Companies, there is no existing reason why any Environmental or Mining Permits necessary to be obtained
for future operations or expansions (including any renewals of existing Environmental or Mining Permits) will not be obtainable in the ordinary course of the relevant Governmental Authorities’ permitting processes and in a timely manner
consistent with the currently effective business plan of the Companies; 
 (iii) There are no pending or, to the knowledge of
the Companies, threatened Environmental Claims or other actions to revoke or terminate any Environmental or Mining Permits possessed by the Companies, and there has not been any such Environmental Claim since the Original Closing Date, except any
such Environmental Claim or other action as would not reasonably be expected to result in a Material Adverse Effect; 
 (iv)
There has been no Release or threatened Release of Hazardous Material on, at, under or from any Real Property or facility presently or formerly owned, leased or operated by the Companies or their predecessors in interest that has resulted, or is
reasonably likely to result, in liability by the Companies under Environmental Law, except any such liability as would not reasonably be expected to result in a Material Adverse Effect; 
 (v) There is no Environmental Claim pending or, to the knowledge of the Companies, threatened against the Companies, or relating to the
Real Property currently or formerly owned, leased or operated by the Companies or relating to the operations of the Companies, and, to the knowledge of the Companies, there are no actions, activities, circumstances, conditions, events or incidents
that could form the basis of such an Environmental Claim, except any such Environmental Claim as would not reasonably be expected to result in a Material Adverse Effect; 
 (vi) No person with an indemnity or contribution obligation to the Companies relating to compliance with or liability under Environmental
Law is in default with respect to such obligation, except any such default as would not reasonably be expected to result in a Material Adverse Effect; and 
 (vii) The Companies have, in the amounts and forms required pursuant to Mining Law or by a Governmental Authority, obtained all performance bonds for Reclamation or otherwise, surety bonds or escrow agreements and any
payment or prepayments made with respect to, or certificates of deposit or other sums or assets required to be posted by the Companies under Mining Law, for Reclamation or otherwise. 
 (b) Except as set forth in Schedule 3.18: 
 (i) No Company is obligated to perform any action or otherwise incur any expense under Environmental Law pursuant to any order, decree, judgment or agreement by which it is 

  

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bound or has assumed by contract or agreement, and no Company is conducting or financing, or has received a notice or Environmental Claim alleging that it
may be potentially responsible pursuant to CERCLA related to, any Response pursuant to any Environmental Law with respect to any Real Property or any other location, except any such circumstance as would not reasonably be expected to result in a
Material Adverse Effect; 
 (ii) No Real Property or facility owned, operated or leased by the Companies and, to the knowledge
of the Companies, no Real Property or facility formerly owned, operated or leased by the Companies or any of their predecessors in interest is (A) listed or proposed for listing on the National Priorities List promulgated pursuant to CERCLA or
(B) listed on the Comprehensive Environmental Response, Compensation and Liability Information System promulgated pursuant to CERCLA or (C) included on any similar list maintained by any Governmental Authority including any such list
relating to petroleum; 
 (iii) No Lien has been recorded or, to the knowledge of any Company, threatened under any
Environmental Law with respect to any Real Property or property of the Companies, except any such Lien as would not reasonably be expected to result in a Material Adverse Effect; 
 (iv) The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby will not
require any notification, registration, filing, reporting, disclosure, investigation, Response, remediation or cleanup pursuant to any Governmental Real Property Disclosure Requirements or any other Environmental Law; 
 (v) There are no Black Lung Liabilities pending or, to the knowledge of the Companies, threatened against the Companies, and there have
not been any such Black Lung Liabilities since the Original Closing Date, except any Black Lung Liabilities as would not reasonably be expected to result in a Material Adverse Effect; 
 (vi) No Company has been barred for a period in excess of 14 consecutive days from receiving surface or underground Environmental or
Mining Permits pursuant to the permit blockage provisions of the Surface Mining Control and Reclamation Act, 30 U.S.C. §§1201 et seq., and the regulations promulgated thereunder, or any corresponding state laws or regulations; and

 (vii) The Companies have provided the Lenders, or their agents or consultants, with access to all material records and
files in the possession, custody or control of, or otherwise reasonably available to, the Companies concerning compliance with or liability under Environmental Law, including those concerning the existence of Hazardous Materials at the Real Property
or facilities owned, operated, leased or used by the Companies as of and after the Second Restatement Date. 
 SECTION 3.19
Insurance. Schedule 3.19 sets forth a true, complete and correct description of all insurance maintained by each Company as of the Second Restatement Date. All insurance maintained by the Companies is in full force and
effect in all material respects, all premiums due and payable thereunder have been duly paid (except those being contested or disputed in good faith), no Company has received any notice of violation or cancellation thereof that has not been
withdrawn, the Premises, and the use, occupancy and operation thereof, comply in all material respects with all Insurance Requirements, and there exists no material default under any Insurance Requirement. Each Company has 

  

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insurance in such amounts and covering such risks and liabilities as are customary for companies of a similar size engaged in similar businesses in similar
locations. 
 SECTION 3.20 Security Documents. (a) The Security Agreement is effective to create in favor of the
Collateral Agent for the benefit of the Secured Parties, legal, valid and enforceable Liens on, and security interests in, the Security Agreement Collateral and, when (i) financing statements and other filings in appropriate form are filed in
the offices specified on Schedule 6 to the Perfection Certificate and (ii) upon the taking of possession or control by the Collateral Agent of the Security Agreement Collateral with respect to which a security interest may be
perfected only by possession or control (which possession or control shall be given to the Collateral Agent to the extent possession or control by the Collateral Agent is required by the Security Agreement), the Liens created by the Security
Agreement shall constitute fully perfected Liens on, and security interests in, all right, title and interest of the grantors thereunder in the Security Agreement Collateral (other than (A) the Intellectual Property Collateral (as defined in
the Security Agreement) and (B) such Security Agreement Collateral in which a security interest cannot be perfected under the UCC as in effect at the relevant time in the relevant jurisdiction), in each case subject to no Liens other than
Permitted Collateral Liens. 
 (b) When the Security Agreement or a short form thereof is filed in the United States Patent and Trademark
Office and the United States Copyright Office, the Liens created by such Security Agreement shall constitute fully perfected Liens on, and security interests in, all right, title and interest of the grantors thereunder in the Intellectual Property
Collateral (as defined in the Security Agreement), in each case subject to no Liens other than Permitted Collateral Liens. 
 (c) Each
Mortgage is effective to create, in favor of the Collateral Agent, for its benefit and the benefit of the Secured Parties, subject only to Permitted Collateral Liens or other Liens acceptable to the Collateral Agent, legal, valid and enforceable
first priority Liens on, and security interests in, all of the relevant Loan Party’s right, title and interest in and to the Mortgaged Property thereunder and the proceeds thereof, and when the Mortgages are filed in the offices specified on
Schedule 1.01(c) (or, in the case of any Mortgage executed and delivered after the date thereof in accordance with the provisions of Sections 5.12 and 5.13, when such Mortgage is filed in the offices specified in the
local counsel opinion delivered with respect thereto in accordance with the provisions of Sections 5.12 and 5.13), the Mortgages shall constitute fully perfected Liens on, and security interests in, all right, title and interest
of the relevant Loan Party in the Mortgaged Property and the proceeds thereof, in each case prior and superior in right to any other person, other than Permitted Collateral Liens. 
 (d) Each Security Document delivered pursuant to Sections 5.12 and 5.13 will, upon execution and delivery thereof, be effective to
create in favor of the Collateral Agent, for the benefit of the Secured Parties, legal, valid and enforceable Liens on, and security interests in, all of the Loan Parties’ right, title and interest in and to the Collateral thereunder, and when
all appropriate filings or recordings are made in the appropriate offices as may be required under applicable law, such Security Document will constitute fully perfected Liens on, and security interests in, all right, title and interest of the Loan
Parties in such Collateral, in each case subject to no Liens other than the applicable Permitted Collateral Liens. 
 SECTION 3.21
Coal Agreements, Mining Leases and Prep Plant Leases. Schedule 3.21 sets forth a complete and accurate list of each Coal Agreement, and each Mining Lease or Prep Plant Lease that is a Material Agreement, to which any Company
is a party as of the Second Restatement Date, including the counterparty to each agreement. As of the Second Restatement Date, each such Coal Agreement, Mining Lease and Prep Plant Lease is in full force and effect, except to the 

  

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extent that the failure to be in full force and effect would not reasonably be expected to result in a Material Adverse Effect. 
 SECTION 3.22 Anti-Terrorism Law. (a) No Loan Party and, to the knowledge of the Loan Parties, none of their Affiliates
is in violation of any laws relating to terrorism or money laundering (“Anti-Terrorism Laws”), including Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (the “Executive
Order”), and the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56. 
 (b) No Loan Party and, to the knowledge of the Loan Parties, no Affiliate or broker or other agent of any Loan Party acting or benefiting in any capacity in connection with the Loans is any of the following:

 (i) a person that is listed in the annex to, or is otherwise subject to the provisions of, the Executive Order; 

(ii) a person owned or controlled by, or acting for or on behalf of, any person that is listed in the annex to, or is otherwise subject
to the provisions of, the Executive Order; 
 (iii) a person with which any Lender is prohibited from dealing or otherwise
engaging in any transaction by any Anti-Terrorism Law; 
 (iv) a person that commits, threatens or conspires to commit or
supports “terrorism” as defined in the Executive Order; or 
 (v) a person that is named as a “specially
designated national and blocked person” on the most current list published by the U.S. Treasury Department Office of Foreign Assets Control (“OFAC”) at its official website or any replacement website or other replacement
official publication of such list. 
 (c) No Loan Party and, to the knowledge of the Loan Parties, no broker or other agent of any Loan Party
acting in any capacity in connection with the Loans (i) conducts any business with, or engages in making or receiving any contribution of funds, goods or services to or for the benefit of, any person described in paragraph (b) above,
(ii) deals in, or otherwise engages in any transaction relating to, any property or interests in property blocked pursuant to the Executive Order, or (iii) engages in or conspires to engage in any transaction that evades or avoids, or has
the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Anti-Terrorism Law. 
 ARTICLE IV

 CONDITIONS TO CREDIT EXTENSIONS 
 SECTION 4.01 Conditions to Initial Credit Extension. The obligation of each Lender and, if applicable, the Issuing Banks to fund the initial Credit Extensions requested to be made by it
shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 4.01. 
 (a) Loan Documents. All legal matters incident to this Agreement, the Credit Extensions hereunder, the other Loan Documents and the Perfection Certificate shall be 

  

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satisfactory to the Lenders, to the Issuing Banks and to the Administrative Agent and there shall have been delivered to the Administrative Agent an executed
counterpart of a Perfection Certificate, a confirmation of the Security Agreement in form and substance reasonably satisfactory to the Administrative Agent and each of the Loan Documents required to be executed and delivered on the Second
Restatement Date. 
 (b) Corporate Documents. The Administrative Agent shall have received: 
 (i) a certificate of the secretary or assistant secretary of each Loan Party dated the Second Restatement Date, certifying (A) (1) in
the case of CoalQuest, that attached thereto is a true and complete copy of each Organizational Document of CoalQuest certified (to the extent applicable) as of a recent date by the Secretary of State of the state of its organization, (2) in
the case of each Loan Party other than CoalQuest, that the Organizational Documents of such Loan Party have not been terminated, novated, amended, restated or otherwise modified in any way since (x) with respect to all Loan Parties other than
ICG Beckley, the Merger Amendments Effective Date and (y) with respect to ICG Beckley, February 3, 2006, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors of such Loan Party
authorizing the execution, delivery and performance of the Loan Documents to which such person is a party and, in the case of Borrower, the borrowings hereunder, and that such resolutions have not been modified, rescinded or amended and are in full
force and effect and (C) as to the incumbency and specimen signature of each officer executing any Loan Document on the Second Restatement Date or any other document delivered in connection herewith on behalf of such Loan Party (together with a
certificate of another officer certifying the incumbency and specimen signature of the secretary or assistant secretary executing the certificate in this clause (i)); 
 (ii) a certificate as to the good standing of each Loan Party (in so-called “long-form” if available) as of a recent date, from
such Secretary of State; and 
 (iii) such other documents as the Lenders, the Issuing Banks or the Administrative Agent may
reasonably request. 
 (c) Officers’ Certificate. The Administrative Agent shall have received a certificate,
dated the Second Restatement Date and signed by the vice president and a Financial Officer of Borrower reasonably acceptable to the Administrative Agent, confirming compliance with the conditions precedent set forth in this Section 4.01
and Sections 4.02(b), (c) and (d). 
 (d) Refinancing and Other Transactions, Etc.
(i) The Lenders shall have received and be satisfied with the final terms and conditions of the Senior Unsecured Note Documents. 
 (ii) The transactions with respect to the Senior Unsecured Notes shall have been consummated or shall be consummated simultaneously on the Second Restatement Date, in each case in accordance with the terms hereof and
in accordance in all material respects with the terms of the Senior Unsecured Notes, without the waiver or amendment of any such terms that the Administrative Agent determines in its reasonable discretion has had or would reasonably be expected to
result in a Material Adverse Effect, unless approved by the Arrangers. 
 (iii) Holdings shall have received not less than
$175.0 million in gross proceeds from the issuance of Senior Unsecured Notes. 
  

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 (iv) The Lenders shall be satisfied with the capitalization, the terms and conditions of
any equity arrangements and the corporate or other organizational and management structure of the Companies. 
 (e)
Financial Statements; Financial Condition; Reports. (i) The Lenders shall have received and shall be satisfied with the form and substance of the financial statements described in Section 3.04 and with the forecasts of the
financial performance of Holdings and its Subsidiaries. 
 (ii) The Administrative Agent shall have received and be satisfied
with the form and substance of the updated Weir report regarding (A) the six-year mine plan, presented on a mine-by-mine basis, that was delivered in connection with the Original Credit Agreement and (B) the feasibility review of the
Companies’ business plan for fiscal years 2004 through 2010, including but not limited to independent operating and capital projections, sensitivity analysis (with particular focus on future permit approvals and immediate capital investment
needs) and end of mine life analysis, that was delivered in connection with the Original Credit Agreement. 
 (f)
Indebtedness and Minority Interests. After giving effect to the Transactions and the other transactions contemplated hereby, no Company shall have outstanding any Indebtedness or preferred stock other than (i) the Loans and Credit
Extensions hereunder, (ii) the Senior Unsecured Notes, (iii) the Indebtedness listed on Schedule 6.01(b) and (iv) Indebtedness owed to Borrower or any Guarantor (other than the Land Companies). 
 (g) Opinions of Counsel. The Administrative Agent shall have received, on behalf of itself, the other Agents, the Arrangers, the
Lenders and the Issuing Banks, a favorable written opinion of (i) Jones Day, special counsel for the Loan Parties, substantially to the effect set forth in Exhibit M-I, and (ii) each local counsel listed on
Schedule 4.01(g), substantially to the effect set forth in Exhibit M-2, in each case (A) dated the Second Restatement Date, (B) addressed to the Agents, the Issuing Banks and the Lenders and (C) covering such
other matters relating to the Loan Documents and the Transactions as the Administrative Agent shall reasonably request. 
 (h)
Solvency Certificate. The Administrative Agent shall have received a solvency certificate in the form of Exhibit N, dated the Second Restatement Date and signed by a Financial Officer of Borrower reasonably acceptable to the
Administrative Agent. 
 (i) Requirements of Law. The Lenders shall be satisfied that the Companies and the
Transactions shall be in compliance in all material respects with all applicable Requirements of Law, including Regulations T, U and X of the Board and all applicable Environmental Laws. The Lenders shall have received satisfactory evidence of such
compliance reasonably requested by them. 
 (j) Consents. The Lenders shall be satisfied that all governmental and
material third party approvals required in connection with the Transactions to be consummated on the Second Restatement Date have been obtained, and there shall be no governmental or judicial action, actual or threatened, that has or would have,
singly or in the aggregate, a reasonable likelihood of restraining, preventing or imposing burdensome conditions on the Transactions or the other transactions contemplated hereby. 
  

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 (k) Litigation. There shall be no litigation, public or private, or administrative
proceedings, governmental investigations or other legal or regulatory developments, actual or threatened, that, singly or in the aggregate, would reasonably be expected to result in a Material Adverse Effect, or would reasonably be expected to
materially and adversely affect the ability of the Companies to fully and timely perform their respective obligations under the Transaction Documents, or the ability of the parties to consummate the financings contemplated hereby or the other
Transactions. 
 (l) Sources and Uses. The sources and uses of the Loans shall be as set forth in
Section 3.12. 
 (m) Fees. The Arrangers and Administrative Agent shall have received all Fees and other
amounts due and payable on or prior to the Second Restatement Date, including, to the extent invoiced, reimbursement or payment of all reasonable out-of-pocket expenses (including the reasonable legal fees and expenses of Latham & Watkins
LLP, special counsel to the Agents, and the reasonable fees and expenses of any local counsel, appraisers, consultants and other advisors) required to be reimbursed or paid by Borrower hereunder or under any other Loan Document.

 (n) Personal Property Requirements. The Collateral Agent shall have received: 
 (i) all certificates, agreements or instruments representing or evidencing the Securities Collateral existing as of the Second Restatement
Date accompanied by instruments of transfer and stock powers undated and endorsed in blank; 
 (ii) the Intercompany Note
executed by and among the Companies, accompanied by instruments of transfer undated and endorsed in blank; 
 (iii) all other
certificates, agreements, including control agreements, or instruments necessary to perfect on the Second Restatement Date the Collateral Agent’s security interest in all Chattel Paper, all Instruments, all Deposit Accounts and all Investment
Property of each Loan Party (as each such term is defined in the Security Agreement and to the extent required by the Security Agreement), in each case in accordance with the Security Agreement; 
 (iv) UCC financing statements in appropriate form for filing under the UCC, filings with the United States Patent and Trademark Office and
United States Copyright Office and such other documents under applicable Requirements of Law in each jurisdiction as may be necessary or appropriate or, in the opinion of the Collateral Agent, desirable to perfect the Liens created, or purported to
be created, by the Security Documents and, with respect to all UCC financing statements required to be filed pursuant to the Loan Documents, evidence satisfactory to the Administrative Agent that Borrower has retained, at its sole cost and expense,
a service provider acceptable to the Administrative Agent for the tracking of all such financing statements and notification to the Administrative Agent of, among other things, the upcoming lapse or expiration thereof; 
 (v) certified copies of UCC, United States Patent and Trademark Office and United States Copyright Office, tax and judgment lien searches,
bankruptcy and pending 

  

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lawsuit searches or equivalent reports or searches, each of a recent date listing all effective financing statements, lien notices or comparable documents
that name any Loan Party as debtor and that are filed in those state and county jurisdictions in which any property of any Loan Party is located and the state and county jurisdictions in which any Loan Party is organized or maintains its principal
place of business and such other searches that the Collateral Agent deems reasonably necessary or appropriate, none of which encumber the Collateral covered or intended to be covered by the Security Documents (other than Permitted Collateral Liens
or any other Liens acceptable to the Collateral Agent); and 
 (vi) evidence acceptable to the Collateral Agent of payment or
arrangements for payment by the Loan Parties of all applicable recording taxes, fees, charges, costs and expenses required for the recording of the Security Documents. 
 (o) Real Property Requirements. The Collateral Agent shall have received: 
 (i) a Mortgage encumbering each Mortgaged Property in favor of the Collateral Agent, for the benefit of the Secured Parties, duly executed
and acknowledged by each Loan Party that is the owner of or holder of any interest in such Mortgaged Property, and otherwise in form for recording in the recording office of each applicable political subdivision where each such Mortgaged Property is
situated, together with such certificates, affidavits, questionnaires or returns as shall be required in connection with the recording or filing thereof to create a lien under applicable law, and such financing statements and any other instruments
necessary to grant a mortgage lien under the laws of any applicable jurisdiction, all of which shall be in form and substance reasonably satisfactory to Collateral Agent; 
 (ii) with respect to each Mortgaged Property, such consents, approvals, amendments, supplements and other instruments as necessary to
consummate the Transactions or as shall reasonably be deemed necessary by Borrower and the Collateral Agent in order for the owner or holder of the fee or leasehold interest constituting such Mortgaged Property to grant the Lien contemplated by the
Mortgage with respect to such Mortgaged Property; 
 (iii) evidence reasonably acceptable to the Collateral Agent of payment
by Borrower of all mortgage recording taxes, fees, charges, costs and expenses required for the recording of the Mortgages, including any fees due and payable to any escrow agents or title insurance companies that hold, assemble or record any deeds
or Mortgages; and 
 (iv) with respect to each Mortgaged Property, each Company shall have made all notifications,
registrations and filings, to the extent required by, and in accordance with, all Governmental Real Property Disclosure Requirements applicable to such Mortgaged Property. 
 (p) Insurance. The Arrangers shall be satisfied with the insurance program covering the Companies’ facilities. The
Administrative Agent shall have received a copy of, or a certificate as to coverage under, the insurance policies required by Section 5.04 and the applicable provisions of the Security Documents, each of which shall be endorsed or
otherwise amended to include a “standard” or “New York” lender’s loss payable or mortgagee endorsement (as 

  

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applicable) and shall name the Collateral Agent, on behalf of the Secured Parties, as additional insured, in form and substance satisfactory to the
Administrative Agent. 
 (q) Reclamation Liability. The Arrangers shall be satisfied with (i) the Companies’
actual and prospective Reclamation liability after giving effect to the Transactions, (ii) the Companies’ surety bonding program (which surety bonding program shall not require the posting of letters of credit in excess of $150.0 million),
and (iii) the form and substance of the Reclamation Documents. 
 (r) Patriot Act, etc. The Administrative Agent
shall have received all documentation and other information required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including, without limitation, the USA Patriot Act.

 SECTION 4.02 Conditions to All Credit Extensions. The obligation of each Lender and each Issuing Bank to make any Credit
Extension (including the initial Credit Extension and the Credit Extensions made on the Restatement Date) shall be subject to, and to the satisfaction of, each of the conditions precedent set forth below. 
 (a) Notice. The Administrative Agent shall have received a Borrowing Request as required by Section 2.03 (or such
notice shall have been deemed given in accordance with Section 2.03) if Loans are being requested or, in the case of the issuance, amendment, extension or renewal of a Letter of Credit, the Issuing Banks and the Administrative Agent
shall have received a notice requesting the issuance, amendment, extension or renewal of such Letter of Credit as required by Section 2.17(b), as applicable, or, in the case of the Borrowing of a Swingline Loan, the Swingline Lender and
the Administrative Agent shall have received a Borrowing Request as required by Section 2.16(b). 
 (b) No
Default. At the time of and immediately after giving effect to such Credit Extension and the application of the proceeds thereof, no Default shall have occurred and be continuing on such date. 
 (c) Representations and Warranties. Each of the representations and warranties made by any Loan Party set forth in
Article III hereof or in any other Loan Document shall be true and correct in all material respects (except that any representation and warranty that is qualified as to “materiality” or “Material Adverse Effect” shall
be true and correct in all respects) on and as of the date of such Credit Extension with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date. 

(d) No Material Adverse Effect. Since December 31, 2005, there shall have been no event, change, circumstance or occurrence
that, individually or in the aggregate, has had or would reasonably be expected to result in a Material Adverse Effect. 
 (e)
No Legal Bar. No order, judgment or decree of any Governmental Authority shall purport to restrain any Lender from making any Loans to be made by it. No injunction or other restraining order shall have been issued, shall be pending or noticed
with respect to any action, suit or proceeding seeking to enjoin or otherwise prevent the consummation of, or to recover any damages or obtain relief as a result of, the making of Loans, the repayment of the 

  

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Obligations and the granting of Liens in favor of the Collateral Agent hereunder and under the other Loan Documents. 
 Each of the delivery of a Borrowing Request or notice requesting the issuance, amendment, extension or renewal of a Letter of Credit and the acceptance
by Borrower of the proceeds of such Credit Extension shall constitute a representation and warranty by Borrower and each other Loan Party that on the date of such Credit Extension (both immediately before and after giving effect to such Credit
Extension and the application of the proceeds thereof) the conditions contained in this Section 4.02 have been satisfied. 
 ARTICLE V 
 AFFIRMATIVE COVENANTS 
 Each Loan Party covenants and agrees with each Lender that so long as this Agreement shall remain in effect and until the Commitments have been terminated and the principal of and interest on each Loan, all Fees and
all other expenses or amounts payable under any Loan Document shall have been paid in full, all Letters of Credit have been canceled or have expired or have been fully cash collateralized on terms reasonably acceptable to the Administrative Agent
and all amounts drawn thereunder have been reimbursed, unless the Required Lenders shall otherwise consent in writing, each Loan Party will, and will cause each of its Subsidiaries to: 
 SECTION 5.01 Financial Statements, Reports, etc. Cause to be furnished to the Administrative Agent and each Lender: 
 (a) Annual Reports. As soon as available, and in any event within 90 days after the end of each fiscal year ending on or after
December 31, 2006 (but no later than the date on which Holdings is required to file a Form 10-K under the Exchange Act), a copy of the Form 10-K filed by Holdings under the Exchange Act; provided that any document required to be
delivered pursuant to this Section 5.01(a) shall be deemed to have been furnished to the Administrative Agent and Lenders if such document has been filed with the Securities and Exchange Commission in its Electronic Data Gathering and
Retrieval System (or any successor system) and such document is publicly available and provided further that if for any fiscal year Holdings is not required to file a Form 10-K under the Exchange Act, then Holdings shall nevertheless be
required to provide a report substantially in the form of a Form 10-K to the Administrative Agent within 90 days after the end of each such fiscal year. 
 (b) Quarterly Reports. As soon as available, and in any event within 45 days after the end of each fiscal quarter ending on or after June 30, 2006 (but no later than the date on which Holdings would be
required to file a Form 10-Q under the Exchange Act), a copy of the Form 10-Q filed by Holdings under the Exchange Act; provided that any document required to be delivered pursuant to this Section 5.01(b) shall be deemed to have
been furnished to the Administrative Agent and Lenders if such document has been filed with the Securities and Exchange Commission in its Electronic Data Gathering and Retrieval System (or any successor system) and such document is publicly
available and provided further that if for any fiscal quarter Holdings is not required to file a Form 10-Q under the Exchange Act, then Holdings shall nevertheless be required to provide a report substantially in the form of a Form 10-Q to
the Administrative Agent within 45 days after the end of each such fiscal quarter. 
  

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 (c) Financial Officer’s Certificate. (i) Concurrently with any delivery
of Exchange Act reports under Section 5.01(a) or (b) above, a Compliance Certificate certifying that no Default has occurred or, if such a Default has occurred, specifying the nature and extent thereof and any corrective
action taken or proposed to be taken with respect thereto; (ii) concurrently with any delivery of Exchange Act reports under Section 5.01 (a) or (b) above, a Compliance Certificate setting forth computations in
reasonable detail satisfactory to the Administrative Agent demonstrating compliance with the covenants contained in Sections 6.07(f) and 6.10 (including the aggregate amount of Excluded Issuances for such period and the uses
therefor) and (iii) in the case of Section 5.01(a) above, a report of the accounting firm reporting on the financial statements contained within such Exchange Act reports stating that in the course of its regular audit of such
financial statements, which audit was conducted in accordance with GAAP, such accounting firm obtained no knowledge that any Default, insofar as such Default relates to accounting matters in respect of Section 6.10, has occurred or, if
in the opinion of such accounting firm such a Default has occurred, specifying the nature and extent thereof; 
 (d)
Financial Officer’s Certificate Regarding Collateral. Concurrently with any delivery of Exchange Act reports under Section 5.01(a) above, (i) a certificate of a Financial Officer of Borrower setting forth the information
required pursuant to the Perfection Certificate Supplement or confirming that there has been no change in such information since the date of the Perfection Certificate or latest Perfection Certificate Supplement and (ii) the items required
pursuant to Section 5.14(b) delivered therewith; 
 (e) Public Reports. Promptly after the same become
publicly available, copies of all periodic and other reports, proxy statements and other materials filed by any Company with the Securities and Exchange Commission (including any Form 8-K), or any Governmental Authority succeeding to any or all of
the functions of said Commission, or with any national securities exchange, or distributed to holders of its Material Indebtedness (subject to any confidentiality restrictions) pursuant to the terms of the documentation governing such Indebtedness
(or any trustee, agent or other representative therefor); provided that any document required to be delivered pursuant to this Section 5.01(e) shall be deemed to have been furnished to the Administrative Agent and Lenders if such
document has been filed with the Securities and Exchange Commission in its Electronic Data Gathering and Retrieval System (or any successor system) and such document is publicly available; 
 (f) Management Letters. Promptly after the receipt thereof by any Company, a copy of any “management letter” received by
any such person from its certified public accountants and the management’s responses thereto; 
 (g) Budgets. No
later than 60 days after the first day of each fiscal year of Holdings, commencing with the fiscal year ending December 31, 2007, a budget for the Companies, including projected consolidated statements of income and sources and uses of
cash and balance sheets, prepared by Holdings for (i) each fiscal quarter of such fiscal year prepared in detail and (ii) each year in the five years immediately following such fiscal year prepared in summary form, in each case with
appropriate presentation and discussion of the principal assumptions upon which such budgets are based, accompanied by the statement of a Financial Officer of Holdings to the effect that the budget of the Companies is, in the good faith opinion of
such Financial Officer, a reasonable estimate for the period covered thereby; 
  

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 (h) Organizational Documents. Promptly provide copies of any Organizational
Documents that have been amended or modified in accordance with the terms hereof and deliver a copy of any notice of default given or received by any Company under any Organizational Document within 15 days after such Company gives or receives such
notice; and 
 (i) Other Information. Promptly, from time to time, such other information regarding the operations,
business affairs and financial condition of any Company, or compliance with the terms of any Loan Document, as the Administrative Agent or any Lender may reasonably request. 
 SECTION 5.02 Litigation and Other Notices. Furnish to the Administrative Agent and each Lender written notice of the following promptly
(and, in any event, within three Business Days of any Company obtaining knowledge of the occurrence thereof): 
 (a) any
Default, specifying the nature and extent thereof and the corrective action (if any) taken or proposed to be taken with respect thereto; 
 (b) the filing or commencement of, or any written threat or notice of intention of any person to file or commence, any action, suit, litigation or proceeding, whether at law or in equity by or before any Governmental
Authority, (i) against any Company that if determined adversely, in the reasonable good faith judgment of Borrower, after giving effect to the exhaustion of appeals and the probable outcome, would reasonably be expected to result in a Material
Adverse Effect or (ii) with respect to any Loan Document; 
 (c) any development that in the reasonable good faith
judgment of Borrower has resulted in, or would reasonably be expected to result in, a Material Adverse Effect; 
 (d) the
occurrence of a Casualty Event resulting in a loss of greater than $5.0 million; 
 (e) (i) the incurrence of any
material Lien (other than Permitted Collateral Liens) on, or claim asserted against, any of the Collateral or (ii) the occurrence of any other event which would reasonably be expected to materially and adversely affect the value of the
Collateral; and 
 (f) Any receipt by any Loan Party of a written notice of termination of any Material Agreement or the
occurrence of any event or condition which would, with the passage of time or the giving of notice or both, permit the termination of any Material Agreement, except in each case with respect to the expiration thereof on the stated expiration date.

 SECTION 5.03 Existence; Businesses and Properties. (a) Do or cause to be done all things necessary to
preserve, renew and maintain in full force and effect its legal existence, except as otherwise expressly permitted under Section 6.05 or Section 6.06 or, in the case of any Subsidiary, where the failure to perform such
obligations, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. 
 (b) (i) Do or
cause to be done all things necessary to obtain, preserve, renew, extend and keep in full force and effect the rights, licenses, permits, privileges, franchises, authorizations, patents, copyrights, trademarks and trade names material to the conduct
of its business; (ii) maintain and operate such business in substantially the manner in which it is conducted and operated on the Second Restatement Date; and (iii) comply with all applicable Requirements of Law (including any and all

  

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zoning or building laws, Environmental Laws, ordinances, codes or approvals or any building permits or any restrictions of record or agreements affecting the
Real Property) and decrees and orders of any Governmental Authority, whether now in effect or hereafter enacted, except, in the case of (i) through (iii) above, where the failure to do so or the failure to so comply, individually or in the
aggregate, would not reasonably be expected to result in a Material Adverse Effect. 
 (c) (i) Pay and perform its obligations under all
Leases, Mining Leases, Prep Plant Leases, Coal Agreements, Reclamation Documents and other Transaction Documents; (ii) maintain Coal reserves, or the right to acquire Coal from third parties, sufficient to fill the requirements under all Coal
Agreements; and (iii) at all times maintain, preserve and protect all property material to the conduct of its business and keep such property in good repair, working order and condition (other than wear and tear occurring in the ordinary course
of business) and from time to time make, or cause to be made, all needful and proper repairs, renewals, additions, improvements and replacements thereto necessary in order that the business carried on in connection therewith may be properly
conducted at all times in each case in accordance with generally accepted mining practices, except, in the case of (i) through (iii) above, where the failure to do so, individually or in the aggregate, would not reasonably be expected to
result in a Material Adverse Effect; provided that nothing in this Section 5.03(c) shall prevent sales of property, consolidations or mergers by or involving any Company in accordance with Section 6.05 or
Section 6.06. 
 SECTION 5.04 Insurance. (a) Keep its insurable property adequately, insured consistent with
industry standards for companies in the same or similar business operating in the same or similar locations, at all times by financially sound and reputable insurers; maintain such other insurance, to such extent and against such risks as is
customary with companies in the same or similar businesses operating in the same or similar locations, including insurance with respect to Mortgaged Properties and other properties material to the business of the Companies against such casualties
and contingencies and of such types and in such amounts with such deductibles as is customary in the case of similar businesses operating in the same or similar locations, including (i) physical hazard insurance on an “all risk”
basis, (ii) commercial general liability against claims for bodily injury, death or property damage covering any and all insurable claims, (iii) explosion insurance in respect of any boilers, machinery or similar apparatus constituting
Collateral, (iv) business interruption insurance and (v) worker’s compensation insurance and such other insurance as may be required by any Requirement of Law; provided that with respect to physical hazard insurance, neither
the Collateral Agent nor the applicable Company shall agree to the adjustment of any claim in excess of $5.0 million thereunder without the consent of the other (such consent not to be unreasonably withheld or delayed); provided, further,
that no consent of any Company shall be required during an Event of Default. 
 (b) All such insurance shall (i) provide that no
cancellation, material reduction in amount or material change in coverage thereof shall be effective until at least 30 days after receipt by the Collateral Agent of written notice thereof, (ii) name the Collateral Agent as mortgagee (in
the case of property insurance) or additional insured on behalf of the Secured Parties (in the case of liability insurance) or loss payee (in the case of property insurance), as applicable, (iii) if reasonably requested by the Collateral Agent,
include a breach of warranty clause and (iv) be reasonably satisfactory in all other respects to the Collateral Agent. 
 (c) Notify the
Administrative Agent and the Collateral Agent immediately whenever any separate insurance concurrent in form or contributing in the event of loss with that required to be maintained under this Section 5.04 is taken out by any Company;
and promptly deliver to the Administrative Agent and the Collateral Agent a duplicate original copy of such policy or policies. 
  

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 (d) With respect to each Mortgaged Property, obtain flood insurance in such total amount as the
Administrative Agent or the Required Lenders may from time to time require, if at any time the area in which any improvements located on any Mortgaged Property is designated a “flood hazard area” in any Flood Insurance Rate Map published
by the Federal Emergency Management Agency (or any successor agency), and otherwise comply with the National Flood Insurance Program as set forth in the Flood Disaster Protection Act of 1973, as amended from time to time. 
 (e) Deliver to the Administrative Agent, the Collateral Agent and the Lenders a report of a reputable insurance broker with respect to the insurance
required to be maintained pursuant to this Section 5.04 and such supplemental reports with respect thereto as the Administrative Agent or the Collateral Agent may from time to time reasonably request. 
 (f) No Loan Party that is an owner of Mortgaged Property shall take any action that is reasonably likely to be the basis for termination, revocation or
denial of any insurance coverage required to be maintained under such Loan Party’s respective Mortgage or that could be the basis for a defense to any claim under any Insurance Policy maintained in respect of the Premises, and each Loan Party
shall otherwise comply in all material respects with all Insurance Requirements in respect of the Premises; provided, however, that each Loan Party may, at its own expense and after written notice to the Administrative Agent, (i) contest
the applicability or enforceability of any such Insurance Requirements by appropriate legal proceedings, the prosecution of which does not constitute a basis for cancellation or revocation of any insurance coverage required under this
Section 5.04 or (ii) cause the Insurance Policy containing any such Insurance Requirement to be replaced by a new policy complying with the provisions of this Section 5.04. 
 SECTION 5.05 Obligations and Taxes. (a) Pay its Indebtedness and other obligations promptly and in accordance with their
terms and pay and discharge promptly when due all Taxes, assessments and governmental charges or levies imposed upon it or upon its income or profits or in respect of its property, before the same shall become delinquent or in default, as well as
all lawful claims for labor, services, materials and supplies or otherwise that, if unpaid, might give rise to a Lien other than a Permitted Lien upon such properties or any part thereof; provided that such payment and discharge shall not be
required with respect to any such Tax, assessment, charge, levy or claim so long as (i) the validity or amount thereof shall be contested in good faith by appropriate proceedings timely instituted and diligently conducted and the applicable
Company shall have set aside on its books adequate reserves or other appropriate provisions, if any, with respect thereto in accordance with GAAP, and (ii) either no enforcement action has begun or such contest operates to suspend collection of
the contested obligation, Tax, assessment, charge, levy or other claim and enforcement of any Lien other than a Permitted Lien and (iii) in the case of Collateral, the applicable Company shall have otherwise complied with the Contested
Collateral Lien Conditions. 
 (b) Timely and correctly file, or timely seek and obtain an extension of time to file, all material Tax Returns
required to be filed by it. 
 (c) Borrower does not intend to treat the Loans as being a “reportable transaction” within the
meaning of Treasury Regulation Section 1.6011-4. In the event Borrower determines to take any action inconsistent with such intention, it will promptly notify the Administrative Agent thereof. 
 SECTION 5.06 Employee Benefits. (a) Comply in all material respects with the Coal Act, the Black Lung Act and the
applicable provisions of ERISA and the Code and (b) furnish to the Administrative Agent (x) as soon as possible after, and in any event within 5 Business Days after any 
  

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Responsible Officer of any Company or any ERISA Affiliates of any Company knows or has reason to know that, any ERISA Event has occurred that, alone or
together with any other ERISA Event would reasonably be expected to result in liability of the Companies or any of their ERISA Affiliates in an aggregate amount exceeding $2.0 million or the imposition of a Lien, a statement of a Financial Officer
of Borrower setting forth details as to such ERISA Event and the action, if any, that the Companies propose to take with respect thereto, and (y) upon request by the Administrative Agent, copies of (i) each Schedule B (Actuarial
Information) to the annual report (Form 5500 Series) filed by any Company or any ERISA Affiliate with the Internal Revenue Service with respect to each Plan; (ii) the most recent actuarial valuation report for each Plan; (iii) all notices
received by any Company or any ERISA Affiliate from a Multiemployer Plan sponsor or any governmental agency concerning an ERISA Event; and (iv) such other documents or governmental reports or filings relating to any Plan (or other employee
benefit plan sponsored or contributed to by any Company) as the Administrative Agent shall reasonably request. 
 SECTION 5.07
Maintaining Records; Access to Properties and Inspections; Annual Meetings. (a) Keep proper books of record and account in which full, true and correct entries in conformity with GAAP and all Requirements of Law are made of all
dealings and transactions in relation to its business and activities. Each Company will permit any representatives designated by the Administrative Agent or any Lender to visit and inspect the financial records and the property of such Company at
reasonable times upon reasonable advance notice and as often as reasonably requested and to make extracts from and copies of such financial records, and permit any representatives designated by the Administrative Agent or any Lender to discuss the
affairs, finances, accounts and condition of any Company with the officers and employees thereof and advisors therefor (including independent accountants); provided, however, that other than during the existence of a Default, visits
and inspections by Lenders (other than the Administrative Agent, the Collateral Agent and the Issuing Banks) shall be limited to once per year. 
 (b) To the extent required by GAAP, maintain adequate reserves for future costs associated with any Black Lung Liabilities, retiree and health care benefits, any Reclamation and any other potential Environmental Claim. 
 (c) Within 120 days after the close of each fiscal year of Holdings, at the request of the Administrative Agent or Required Lenders, hold a meeting
(at a mutually agreeable location and time or, at the option of the Administrative Agent, by conference call) with all Lenders who choose to attend such meeting at which meeting shall be reviewed the financial results of the previous fiscal year and
the financial condition of the Companies and the budgets presented for the current fiscal year of the Companies. 
 (d) At its election, the
Administrative Agent or any Lender retain an independent engineer or environmental consultant to conduct an environmental assessment of any Mortgaged Property or other Real Property. Borrower shall, and shall cause each of the Companies to,
cooperate in the performance of any such environmental assessment and permit any such engineer or consultant designated by the Administrative Agent or such Lender to have full access to each property or facility at reasonable times during normal
business hours and after reasonable notice to Borrower of the plans to conduct such an environmental assessment. Such environmental assessments shall not be conducted more than once per year but may be conducted at any time after the occurrence and
during the continuance of a Default or an Event of Default. Such environmental assessments shall be at the cost and expense of the Administrative Agent or such Lender, provided that, in the event that such environmental assessment is in response to
a Environmental Claim or detects a previously unknown matter or condition requiring material Response or Reclamation, then Borrower shall promptly reimburse such costs and expenses. 

  

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Such environmental assessments shall be kept confidential and protected from disclosure to non-parties to this Agreement to the maximum extent permitted by
law. 
 SECTION 5.08 Use of Proceeds. Use the proceeds of the Loans and request the issuance of Letters of Credit only
for the purposes set forth in Section 3.12. 
 SECTION 5.09 Compliance with Environmental Laws; Environmental
Reports. (a) (i) Comply, and use best efforts to cause all lessees and other persons occupying Real Property owned, operated or leased by any Company to comply, in all material respects with all Environmental Laws and Environmental
or Mining Permits applicable to its operations and Real Property, except where the failure to do so would not reasonably be expected to result in a Material Adverse Effect; (ii) obtain, maintain in full force and effect and renew all material
Environmental or Mining Permits applicable to its operations and Real Property, except where the failure to do so would not reasonably be expected to result in a Material Adverse Effect; (iii) promptly take all commercially reasonable actions
necessary to cure any alleged violation or liability asserted by any Environmental Claim; (iv) perform all Reclamation, and obtain all related bonds or other financial guaranties, required by, and in all material respects in accordance with,
Mining Laws; and (v) conduct all Responses required by, and in accordance with, Environmental Laws, except where the failure to do so would not reasonably be expected to result in a Material Adverse Effect; provided that no Company shall
be required to cure any alleged violation or liability asserted by an Environmental Claim or undertake any Reclamation or Response to the extent that its obligation to do so is being contested in good faith and by proper proceedings and appropriate
reserves are being maintained with respect to such circumstances in accordance with GAAP. 
 (b) If a Default caused by reason of a breach of
Section 3.18 or Section 5.09(a) shall have occurred and be continuing for more than 45 days without the Companies commencing activities reasonably likely to cure such Default, at the written request of the Administrative
Agent or the Required Lenders through the Administrative Agent, provide to the Lenders within 45 days after such request, at the cost and expense of Borrower, an environmental assessment report regarding the matters which are the subject of
such Default, including, where appropriate, any soil and/or groundwater sampling, prepared by an environmental consulting firm and in form and substance reasonably acceptable to the Administrative Agent and indicating the presence or absence of
Hazardous Materials and the estimated cost of any compliance or Response to address them or the need for Reclamation. 
 (c) Each Loan Party
that is an owner of Mortgaged Property shall not use, store, treat, dispose, install or Release, nor permit to be used, stored, treated, disposed, installed or Released, in the Mortgaged Property any Hazardous Materials, other than in material
compliance with applicable Environmental Laws. 
 (d) Deliver to the Administrative Agent as soon as practicable following receipt thereof,
copies of all environmental audits, investigations, analyses and reports of any kind or character, and all written communications, with respect to any Environmental liability that, individually or in the aggregate, would reasonably be expected to
result in a Material Adverse Effect; provided that the Administrative Agent agrees to work with the Companies to preserve any attorney-client privilege to which any of the foregoing is subject. 
 SECTION 5.10 Material Agreements. Perform its obligations and exercise its rights under all Material Agreements, and perform all
actions necessary to maintain all Material Agreements in full force and effect (other than the expiration thereof on the stated expiration date), unless in each case the failure to do so would not reasonably be expected to result in a Material
Adverse Effect. 
  

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 SECTION 5.11 [Reserved]. 
 SECTION 5.12 Additional Collateral; Additional Guarantors. (a) Subject to this Section 5.12, with respect to any
property acquired after the Original Closing Date by any Loan Party that is intended to be subject to the Lien created by any of the Security Documents but is not so subject (but, in any event, excluding any Equity Interest of a Foreign Subsidiary
not required to be pledged pursuant to the last sentence of Section 5.12(b)), promptly (and in any event within 60 days after the acquisition thereof) (i) execute and deliver to the Administrative Agent and the Collateral Agent
such amendments or supplements to the relevant Security Documents or such other documents as the Administrative Agent or the Collateral Agent shall deem necessary or advisable to grant to the Collateral Agent, for its benefit and for the benefit of
the other Secured Parties, a Lien on such property subject to no Liens other than Permitted Collateral Liens, and (ii) take all actions necessary to cause such Lien to be duly perfected to the extent required by such Security Document in
accordance with all applicable Requirements of Law, including the filing of financing statements in such jurisdictions as may be reasonably requested by the Administrative Agent. Borrower shall otherwise take such actions and execute and/or deliver
to the Collateral Agent such documents as the Administrative Agent or the Collateral Agent shall reasonably require to confirm the validity, perfection and priority of the Lien of the Security Documents against such after-acquired properties.

 (b) With respect to any person that is or becomes a Subsidiary after the Original Closing Date, promptly (and in any event within
60 days after such person becomes a Subsidiary or within any other reasonable amount of time as determined by the Administrative Agent in its discretion) (i) deliver to the Collateral Agent the certificates, if any, representing all of the
Equity Interests of such Subsidiary, together with undated stock powers or other appropriate instruments of transfer executed and delivered in blank by a duly authorized officer of the holder(s) of such Equity Interests, and all intercompany notes
owing from such Subsidiary to any Loan Party together with instruments of transfer executed and delivered in blank by a duly authorized officer of such Loan Party and (ii) cause such new Subsidiary (A) to execute a Joinder Agreement or
such comparable documentation to become a Subsidiary Guarantor (if such Subsidiary is a Wholly Owned Subsidiary) and a joinder agreement to the Security Agreement, substantially in the form annexed thereto, and (B) to take all actions necessary
or advisable in the opinion of the Administrative Agent or the Collateral Agent to cause the Lien created by the Security Agreement to be duly perfected to the extent required by such agreement in accordance with all applicable Requirements of Law,
including the filing of financing statements in such jurisdictions as may be reasonably requested by the Administrative Agent or the Collateral Agent. Notwithstanding the foregoing, (1) the Equity Interests required to be delivered to the
Collateral Agent pursuant to clause (i) of this Section 5.12(b) shall not include any Equity Interests of a Foreign Subsidiary created or acquired after the Original Closing Date and (2) no Foreign Subsidiary shall be required
to take the actions specified in clause (ii) of this Section 5.12(b), if, in the case of either clause (1) or (2), doing so would constitute an investment of earnings in United States property under Section 956 (or a
successor provision) of the Code, which investment would or could reasonably be expected to trigger a material increase in the net income of a United States shareholder of such Subsidiary pursuant to Section 951 (or a successor provision) of
the Code, as reasonably determined by Borrower; provided that this exception shall not apply to (A) Voting Stock of any Subsidiary which is a first-tier controlled foreign corporation (as defined in Section 957(a) of the Code)
representing 66% of the total voting power of all outstanding Voting Stock of such Subsidiary and (B) 100% of the Equity Interests not constituting Voting Stock of any such Subsidiary, except that any such Equity Interests constituting
“stock entitled to vote” within the meaning of Treasury Regulation Section 1.956-2(c)(2) shall be treated as Voting Stock for purposes of this Section 5.12(b). 
  

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 (c) Furnish to the Administrative Agent, as soon as available and in any event within 45 days after
(i) the end of each quarter of each fiscal year of Holdings or (ii) the acquisition of Real Property for which the Companies paid, in the aggregate, an amount equal to or greater than $5.0 million, a report describing all Real Property
purchased by the Companies since the most recent report furnished pursuant to this Section 5.12(c). Within 45 days after delivering such report to the Administrative Agent, grant to the Collateral Agent a security interest in and
Mortgage on (i) each such item of Real Property owned in fee by any Loan Party that, together with any improvements thereon, individually has a fair market value of at least $500,000 or is an active prep plant site or active mine site, and
(ii) unless the Collateral Agent otherwise consents, each such item of Real Property leased by any Loan Party which lease individually has a fair market value of at least $500,000, has an annual minimum royalty in excess of $500,000, had an
annual production royalty in excess of $500,000 in the immediately preceding fiscal year or is an active prep plant site or active portal site, in each case, as additional security for the Obligations (unless the subject property is already
mortgaged to a third party to the extent permitted by Section 6.02). Such Mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Administrative Agent and the Collateral Agent and shall
constitute valid and enforceable perfected Liens subject only to Permitted Collateral Liens or other Liens acceptable to the Collateral Agent. The Mortgages or instruments related thereto shall be duly recorded or filed in such manner and in such
places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to the Mortgages and all taxes, fees and other charges payable in connection therewith shall be paid
in full. Such Loan Party shall otherwise take such actions and execute and/or deliver to the Collateral Agent such documents as the Administrative Agent or the Collateral Agent shall require to confirm the validity, perfection and priority of the
Lien of any existing Mortgage or new Mortgage against such after-acquired Real Property (including, if reasonably requested by the Administrative Agent, a Title Policy (other than with respect to any Mine), a Survey (other than with respect to any
Mine) and local counsel opinion (in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent) in respect of such Mortgage). Notwithstanding the foregoing, no Loan Party will be required to request any consent
or waiver with respect to a restriction on assignment in any agreement to which such Loan Party is a party if such restriction is imposed by any Requirement of Law or management of Borrower reasonably determines in good faith that such a request
would (x) have a material adverse effect on such agreement or on such Loan Party’s relationship with the party or parties to such agreement, (y) require the payment of any money or the making by such Loan Party of any material
concession under such agreement in exchange for such consent or waiver, or (z) otherwise materially and adversely effect such Loan Party; provided that, notwithstanding the foregoing or any other provision in the Loan Documents,
(i) no Company shall enter into any Subsidiary Change of Control Agreement unless, after giving effect thereto, the aggregate amount (in tons) of Coal reserves included in the Collateral is at least equal to the Minimum Secured Reserves and
(ii)(x) no Company that is not a Land Company shall enter into a Subsidiary Change of Control Agreement and (y) no Company other than Holdings shall enter into a Borrower Change of Control Agreement (and by making Holdings the party thereto the
provisions contained therein that make such agreement a “Borrower Change of Control Agreement” must no longer apply to Borrower) unless consented to in writing by each of the Lenders. 
 SECTION 5.13 Security Interests; Further Assurances. Promptly, upon the reasonable request of the Administrative Agent (on behalf of
itself or any Lender) or the Collateral Agent, at Borrower’s expense, execute, acknowledge and deliver, or cause the execution, acknowledgment and delivery of, and thereafter register, file or record, or cause to be registered, filed or
recorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the
continued validity, perfection and priority of the Liens on the Collateral 

  

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covered thereby subject to no other Liens except Permitted Collateral Liens, or obtain any consents or waivers as may be necessary or appropriate in
connection therewith; provided, however, that no Loan Party will be required to request any such consent or waiver if management of Borrower reasonably determines in good faith that such a request would (i) have a material adverse
effect on the agreement that is the subject of such consent or waiver or on such Loan Party’s relationship with the party or parties to such agreement, (ii) require the payment of any money or the making by such Loan Party of any material
concession under such agreement in exchange for such consent or waiver, or (iii) otherwise materially and adversely effect any Loan Party; provided that, notwithstanding the foregoing or any other provision in the Loan Documents,
(i) no Company shall enter into any Subsidiary Change of Control Agreement unless, after giving effect thereto, the aggregate amount (in tons) of Coal reserves included in the Collateral is at least equal to the Minimum Secured Reserves and
(ii)(x) no Company that is not a Land Company shall enter into a Subsidiary Change of Control Agreement and (y) no Company other than Holdings shall enter into a Borrower Change of Control Agreement (and by making Holdings the party thereto the
provisions contained therein that make such agreement a “Borrower Change of Control Agreement” must no longer apply to Borrower) unless consented to in writing by each of the Lenders. Deliver or cause to be delivered to the Administrative
Agent and the Collateral Agent from time to time such other documentation, consents, waivers, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the
Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents; provided, however, that no Loan Party will be required to request any
such consent or waiver if management of Borrower reasonably determines in good faith that such a request would (i) have a material adverse effect on the agreement that is the subject of such consent or waiver or on such Loan Party’s
relationship with the party or parties to such agreement, (ii) require the payment of any money or the making by such Loan Party of any material concession under such agreement in exchange for such consent or waiver, or (iii) otherwise
materially and adversely effect any Loan Party; provided that, notwithstanding the foregoing or any other provision in the Loan Documents, (i) no Company shall enter into any Subsidiary Change of Control Agreement unless, after giving
effect thereto, the aggregate amount (in tons) of Coal reserves included in the Collateral is at least equal to the Minimum Secured Reserves and (ii)(x) no Company that is not a Land Company shall enter into a Subsidiary Change of Control Agreement
and (y) no Company other than Holdings shall enter into a Borrower Change of Control Agreement (and by making Holdings the party thereto the provisions contained therein that make such agreement a “Borrower Change of Control
Agreement” must no longer apply to Borrower) unless consented to in writing by each of the Lenders. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan
Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent
(on behalf of itself or any Lender) or the Collateral Agent may reasonably require. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law or regulation to have appraisals prepared in
respect of the Real Property of any Loan Party constituting Collateral, Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise
in form and substance satisfactory to the Administrative Agent and the Collateral Agent. 
 Notwithstanding the foregoing, the Obligations
shall not be secured by any Excluded Property (as defined in the Security Agreement). 
 SECTION 5.14 Information Regarding
Collateral. (a) Not effect any change (i) in any Loan Party’s legal name, (ii) in the location of any Loan Party’s chief executive office, (iii) in 

  

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any Loan Party’s identity or organizational structure, (iv) in any Loan Party’s Federal Taxpayer Identification Number or organizational
identification number, if any, or (v) in any Loan Party’s jurisdiction of organization (in each case, including by merging with or into any other entity, reorganizing, dissolving, liquidating, reorganizing or organizing in any other
jurisdiction), in each case if doing so would result in the failure of the Collateral Agent to maintain the perfection and priority of the security interest of the Collateral Agent for the benefit of the Secured Parties in the Collateral, until
(A) it shall have given the Collateral Agent and the Administrative Agent not less than 30 days’ prior written notice (in the form of an Officers’ Certificate), or such lesser notice period agreed to by the Collateral Agent, of
its intention so to do, clearly describing such change and providing such other information in connection therewith as the Collateral Agent or the Administrative Agent may reasonably request and (B) it shall have taken all action reasonably
satisfactory to the Collateral Agent to maintain the perfection and priority of the security interest of the Collateral Agent for the benefit of the Secured Parties in the Collateral, if applicable. Each Loan Party agrees to promptly provide the
Collateral Agent with certified Organizational Documents reflecting any of the changes described in the preceding sentence. Each Loan Party also agrees to promptly notify the Collateral Agent of any change in the location of any office in which it
maintains books or records relating to Collateral owned by it or any office or facility at which Collateral is located (including the establishment of any such new office or facility). 
 Concurrently with the delivery of Exchange Act reports pursuant to Section 5.01(a), deliver to the Administrative Agent and the Collateral
Agent a Perfection Certificate Supplement and a certificate of a Financial Officer and the chief legal officer of Borrower certifying that all UCC financing statements (including fixture filings, as applicable) or other appropriate filings,
recordings or registrations, including all refilings, rerecordings and reregistrations, containing a description of the Collateral have been filed of record in each governmental, municipal or other appropriate office in each jurisdiction necessary
to protect and perfect the security interests and Liens under the Security Documents for a period of not less than 18 months after the date of such certificate (except as noted therein with respect to any continuation statements to be filed within
such period). 
 SECTION 5.15 Post-Closing Matters. Satisfy the requirements set forth on Schedule 5.15 on or
before the dates specified for satisfaction of such requirements on such Schedule. 
 ARTICLE VI 
 NEGATIVE COVENANTS 
 Each Loan Party
covenants and agrees with each Lender that, so long as this Agreement shall remain in effect and until the Commitments have been terminated and the principal of and interest on each Loan, all Fees and all other expenses or amounts payable under any
Loan Document have been paid in full, all Letters of Credit have been canceled or have expired or have been fully cash collateralized on terms reasonably acceptable to the Administrative Agent and all amounts drawn thereunder have been reimbursed in
full, unless the Required Lenders shall otherwise consent in writing, no Loan Party will, nor will they cause or permit any of their Subsidiaries to: 
 SECTION 6.01 Indebtedness. Incur, create, assume or permit to exist, directly or indirectly, any Indebtedness, except: 
 (a) Indebtedness incurred under this Agreement and the other Loan Documents; 
  

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 (b) Indebtedness outstanding on the Second Restatement Date and listed on
Schedule 6.01(b), refinancings or renewals thereof, provided that (A) any such refinancing or renewed Indebtedness is in an aggregate principal amount not greater than the aggregate principal amount of the Indebtedness
being renewed or refinanced, plus the amount of any premiums required to be paid thereon and reasonable fees and expenses associated therewith, (B) such refinancing or renewed Indebtedness has a later or equal final maturity and longer
or equal weighted average life than the Indebtedness being renewed or refinanced and (C) the covenants, events of default, subordination (if applicable) and other material provisions thereof (including any guarantees thereof) shall be, in the
aggregate, no less favorable to the Lenders than those contained in the Indebtedness being renewed or refinanced; 
 (c)
Indebtedness under Hedging Obligations that are designed to protect against fluctuations in interest rates, foreign currency exchange rates or commodity prices, in each case not entered into for speculative purposes; provided that if such
Hedging Obligations relate to interest rates, (i) such Hedging Obligations relate to payment obligations on Indebtedness otherwise permitted to be incurred by the Loan Documents and (ii) the notional principal amount of such Hedging
Obligations at the time incurred does not exceed the principal amount of the Indebtedness to which such Hedging Obligations relate; 
 (d) Indebtedness (i) permitted under Section 6.03, (ii) constituting Investments permitted under Section 6.04 or (iii) constituting Dividends permitted under Section 6.08; 
 (e) (i) Indebtedness incurred to finance the acquisition, construction or improvement of any fixed or capital assets, including any
Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien on such assets (including in respect of Purchase Money Obligations and Capital Lease Obligations) before the acquisition thereof; provided that
(i) such Indebtedness is incurred before or within 180 days after such acquisition or the completion of such construction or improvement, (ii) such Indebtedness shall be secured only by the assets acquired, constructed or improved in
connection with the incurrence of such Indebtedness and (iii) with respect to Indebtedness incurred to finance the acquisition of any fixed or capital assets, such Indebtedness shall constitute not less than 80% of the aggregate consideration
paid with respect to such assets; and provided, further, that in the case of each of the foregoing, the aggregate outstanding principal amount of all such Indebtedness shall not exceed $50.0 million at any time outstanding; and
(ii) Caterpillar Indebtedness in an aggregate principal amount outstanding at any time not to exceed $50.0 million; 
 (f) Indebtedness incurred by Foreign Subsidiaries in an aggregate amount not to exceed $1.0 million at any time outstanding; 
 (g) (i) Indebtedness in the form of surety bonds in the ordinary course of business so long as the face amount of all such surety bonds outstanding at any time is not in excess of $100.0 million, and
(ii) Indebtedness in respect of other bid, performance, surety or Reclamation bonds issued for the account of any Company in the ordinary course of business, or any similar financial assurance obligations under Environmental Laws or
worker’s compensation laws or with respect to self-insurance obligations, including guarantees or obligations of any Company with respect to letters of credit supporting such bid, performance or surety obligations (in each case other than for
an obligation for money borrowed); provided that such Indebtedness described in clauses (i) and (ii) of this paragraph (g) is not secured by any Lien other than a Lien described in Section 6.02(t); 
  

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 (h) Contingent Obligations of any Company in respect of Indebtedness otherwise permitted
under this Section 6.01; 
 (i) Indebtedness arising from the honoring by a bank or other financial institution of
a check, draft or similar instrument inadvertently (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary course of business; provided, however, that such Indebtedness is extinguished within five Business
Days of incurrence; 
 (j) Indebtedness arising in connection with endorsement of instruments for deposit in the ordinary
course of business; 
 (k) Indebtedness incurred by any Company arising from agreements providing for indemnification,
purchase price adjustments or similar obligations, or from guaranties, letters of credit, surety bonds or performance bonds securing the performance of such obligations pursuant to such agreements, in each case pursuant to the Acquisition Documents
or in connection with Permitted Acquisitions, Investments permitted pursuant to Section 6.04 or dispositions permitted pursuant to Section 6.06; 
 (l) Indebtedness that is deemed to exist pursuant to any performance, statutory, appeal or similar obligations incurred in the ordinary
course of business and Indebtedness in respect of taxes, assessments or governmental charges and claims for labor, materials or supplies to the extent that payment thereof shall not at the time be required to be made in accordance with Section
5.05; 
 (m) Indebtedness assumed in connection with a Permitted Acquisition, so long as (i) such Indebtedness was
not incurred in contemplation of such Permitted Acquisition, (ii) after giving effect to the incurrence of such Indebtedness, Borrower would be in compliance on a Pro Forma Basis with the covenants set forth in Section 6.10, and
(iii) the aggregate outstanding principal amount of all such Indebtedness shall not exceed $10.0 million at any time outstanding; 
 (n) (i) unsecured Indebtedness under the Senior Unsecured Note Documents and (ii) other unsecured Indebtedness incurred by Borrower or Holdings, so long as (A) at the time of the incurrence of such
Indebtedness, no Default or Event of Default shall have occurred and be continuing, (B) such Indebtedness (x) has a maturity date that is at least six months after the Revolving Maturity Date and (y) does not provide for any payment,
prepayment or acceleration (other than upon the occurrence of an event of default or change of control) of principal on or prior to the Revolving Maturity Date, (C) after giving effect to the incurrence of such Indebtedness, Borrower would be
in compliance on a Pro Forma Basis with the covenants set forth in Section 6.10, (D) after giving effect to the incurrence of such Indebtedness, the Secured Leverage Ratio, calculated on a Pro Forma Basis, is less than or equal to
1.00 to 1.00, and (E) Borrower must use the proceeds of such Indebtedness to invest in the business of it and its Subsidiaries in accordance with Section 6.15 any renewal, replacement or refinancing of any of the foregoing so long
as the conditions set forth in the foregoing clauses (A) through (E) are satisfied and after giving effect to any such renewal, replacement or refinancing; provided that the aggregate principal amount of all such Indebtedness
incurred pursuant to sub-clauses (i) and (ii) of this clause (n) does not exceed $400.0 million at any time outstanding; and 
 (o) other unsecured Indebtedness of any Company in an aggregate amount not to exceed $50.0 million at any time outstanding. 
  

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 To the extent that the creation, incurrence or assumption of any Indebtedness could be attributable to
more than one subsection of this Section 6.01, Borrower may allocate such Indebtedness to any one or more of such subsections and in no event shall the same portion of Indebtedness be deemed to utilize or be attributable to more than one
subsection. 
 SECTION 6.02 Liens. Create, incur, assume or permit to exist, directly or indirectly, any Lien on any property
now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except the following (collectively, the “Permitted Liens”): 
 (a) inchoate Liens for taxes, assessments or governmental charges or levies not yet due and payable or delinquent and Liens for taxes,
assessments or governmental charges or levies, which (i) are being contested in good faith by appropriate proceedings for which adequate reserves have been established in accordance with GAAP, which proceedings (or orders entered in connection
with such proceedings) have the effect of preventing the forfeiture or sale of the property subject to any such Lien, and (ii) in the case of any such charge or claim which has had or may become a Lien against any of the Collateral, such Lien
and the contest thereof shall satisfy the Contested Collateral Lien Conditions; 
 (b) Liens in respect of property of any
Company imposed by law, which were incurred in the ordinary course of business and do not secure Indebtedness for borrowed money, such as carriers’, warehousemen’s, materialmen’s, landlords’, workmen’s, suppliers’,
repairmen’s and mechanics’ Liens and other similar Liens arising in the ordinary course of business, and (i) which do not in the aggregate materially detract from the value of the property of the Companies, taken as a whole, and do
not materially impair the use thereof in the operation of the business of the Companies, taken as a whole, (ii) which, if they secure obligations that are then due and unpaid, are being contested in good faith by appropriate proceedings for
which adequate reserves have been established in accordance with GAAP, which proceedings (or orders entered in connection with such proceedings) have the effect of preventing the forfeiture or sale of the property subject to any such Lien, and
(iii) in the case of any such charge or claim which is or may become a Lien against any of the Collateral, such Lien and the contest thereof shall satisfy the Contested Collateral Lien Conditions; 
 (c) any Lien in existence on the Second Restatement Date and set forth on Schedule 6.02(c), any continuation or extension
thereof or any Lien granted as a replacement or substitute therefor; provided that any such continued, extended, replacement or substitute Lien (i) except as permitted by Section 6.01(b)(A), does not secure an aggregate
amount of Indebtedness, if any, greater than that secured on the Second Restatement Date, and (ii) does not encumber any property other than the property subject thereto on the Second Restatement Date and any products or proceeds thereof to the
extent covered by such Lien; 
 (d) easements, rights-of-way, obligations, duties, restrictions (including zoning
restrictions), covenants, licenses, municipal regulations, encroachments, protrusions and other similar charges or encumbrances, and minor title deficiencies on or with respect to any Real Property, in each case whether now or hereafter in
existence, not (i) securing Indebtedness, (ii) individually or in the aggregate materially impairing the value of such Real Property in the context of the Companies’ normal business operations or (iii) individually or in the
aggregate materially interfering with the ordinary conduct of the business of the Companies at such Real Property; 
  

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 (e) Liens in the nature of royalties, dedications of reserves under Coal Agreements (but
only to the extent that the party for whom the reserves are dedicated would not have a higher priority claim in a bankruptcy proceeding of a Company than the Collateral Agent on behalf of the Secured Parties as to the reserve which is the subject of
any such agreement) or similar rights or interests granted, taken subject to or otherwise imposed on properties consistent with normal practices in the mining industry; 
 (f) Liens arising out of judgments, attachments or awards not resulting in a Default and in respect of which the applicable Company shall
in good faith be prosecuting an appeal or proceedings for review in respect of which there shall be secured a subsisting stay of execution pending such appeal or proceedings and, in the case of any such Lien which has or may become a Lien against
any of the Collateral, such Lien and the contest thereof shall satisfy the Contested Collateral Lien Conditions; 
 (g) Liens
(other than any Lien imposed by ERISA) (x) imposed by law or deposits made in connection therewith in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other types of social security
legislation, (y) incurred in the ordinary course of business to secure the performance of tenders, statutory obligations (other than excise taxes), surety, stay, customs and appeal bonds, statutory bonds, bids, leases, government contracts,
trade contracts, performance and return of money bonds and other similar obligations (exclusive of obligations for the payment of borrowed money) or (z) arising by virtue of deposits made in the ordinary course of business to secure liability
for premiums to insurance carriers; provided that (i) with respect to clauses (x), (y) and (z) of this paragraph (g), such Liens are for amounts not yet due and payable or delinquent or, to the extent such amounts are
so due and payable, such amounts are being contested in good faith by appropriate proceedings for which adequate reserves have been established in accordance with GAAP, which proceedings for orders entered in connection with such proceedings have
the effect of preventing the forfeiture or sale of the property subject to any such Lien, and, in the case of any such Lien against any of the Collateral, such Lien and the contest thereof shall satisfy the Contested Collateral Lien Conditions,
(ii) to the extent such Liens are not imposed by law, such Liens shall in no event encumber any property other than cash and Cash Equivalents, and (iii) the aggregate amount of deposits at any time pursuant to clause (y) and
clause (z) of this paragraph (g) shall not exceed $1.0 million in the aggregate; 
 (h) Leases or subleases of the
properties of any Company, in each case entered into in the ordinary course of such Company’s business so long as such Leases or subleases are subordinate in all respects to the Liens granted and evidenced by the Security Documents and do not,
individually or in the aggregate, (i) interfere in any material respect with the ordinary conduct of the business of any Company or (ii) materially impair the use (for its intended purposes) or the value of the property subject thereto;

 (i) Liens arising out of conditional sale, title retention, consignment or similar arrangements for the sale of goods
entered into by any Company in the ordinary course of business in accordance with the past practices of such Company, and any products or proceeds thereof to the extent covered by such Liens; 
 (j) Liens securing Indebtedness incurred pursuant to Section 6.01(e) or (m); provided that any such Liens attach
only to the property being financed, acquired, constructed or 

  

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improved pursuant to such Indebtedness and do not encumber any other property of any Company (other than any products or proceeds thereof to the extent
covered by such Liens); 
 (k) bankers’ Liens, rights of setoff and other similar Liens existing solely with respect to
cash and Cash Equivalents on deposit in one or more accounts maintained by any Company, in each case granted in the ordinary course of business in favor of the bank or banks with which such accounts are maintained, securing amounts owing to such
bank with respect to cash management and operating account arrangements, including those involving pooled accounts and netting arrangements; provided that, unless such Liens are non-consensual and arise by operation of law, in no case shall
any such Liens secure (either directly or indirectly) the repayment of any Indebtedness; 
 (l) Liens on property of a person
existing at the time such person is acquired or merged with or into or consolidated with any Company to the extent permitted hereunder (and not created in anticipation or contemplation thereof); provided that such Liens do not extend to
property not subject to such Liens at the time of acquisition (other than improvements thereon and any products or proceeds thereof to the extent covered by such Liens) and are no more favorable to the lienholders than such existing Lien;

 (m) Liens granted pursuant to the Security Documents to secure the Obligations; 
 (n) licenses or sublicenses of Intellectual Property granted by any Company in the ordinary course of business and not interfering in any
material respect with the ordinary conduct of business of the Companies; 
 (o) the filing of UCC financing statements solely
as a precautionary measure in connection with operating leases, consignment of goods or bailment agreements; 
 (p) Liens
securing Indebtedness incurred pursuant to Section 6.01(f); provided that (i) such Liens do not extend to, or encumber, property which constitutes Collateral and (ii) such Liens extend only to the property (or Equity Interests)
of the Foreign Subsidiary incurring such Indebtedness; 
 (q) Liens solely on any cash earnest money deposits made by any
Company in connection with any letter of intent or purchase agreement entered into in connection with a Permitted Acquisition; 
 (r) Liens securing reimbursement obligations with respect to trade or commercial letters of credit that encumber only the documents underlying such letters of credit and any products or proceeds thereof to the extent covered by such Liens;

 (s) Liens deemed to exist in connection with set-off rights under agreements entered into by the Companies in the ordinary
course of business; 
 (t) to the extent constituting a Lien, the posting of a Letter of Credit to support Indebtedness
described in Section 6.01(g); and 
 (u) other Liens incurred in the ordinary course of business of any Company
with respect to obligations that do not in the aggregate exceed $25.0 million at any time outstanding, so long as such Liens, to the extent covering any Collateral, are subordinated to the Liens granted 

  

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pursuant to the Security Documents pursuant to a subordination agreement reasonably acceptable to the Administrative Agent; 
 provided, however, that (x) no consensual Liens shall be permitted to exist, directly or indirectly, on any Securities Collateral, other than Liens granted
pursuant to the Security Documents, and (y) notwithstanding any other provision hereof or of any other Transaction Document, no Liens securing the Companies’ obligations under the Reclamation Documents shall be permitted to exist on any
property or assets of the Companies. 
 To the extent that any Lien could be permitted pursuant to more than one subsection of this
Section 6.02, Borrower may select, without duplication, any one or more of such subsections for such Lien. 
 SECTION 6.03
Sale and Leaseback Transactions. Enter into any arrangement, directly or indirectly, with any person whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or
hereafter acquired, and thereafter rent or lease such property or other property which it intends to use for substantially the same purpose or purposes as the property being sold or transferred (a “Sale and Leaseback Transaction”)
unless (i) the sale of such property is permitted by Section 6.06 (other than clause (f) thereof) and (ii) any Liens arising in connection with its use of such property are permitted by Section 6.02.

 SECTION 6.04 Investments, Loans and Advances. Directly or indirectly lend money or credit (by way of
guarantee or otherwise) or make advances to any person, or purchase or acquire any stock, bonds, notes, debentures or other obligations or securities of, or any other interest in, or make any capital contribution to, any other person, or purchase or
own a futures contract or otherwise become liable for the purchase or sale of currency or other commodities at a future date in the nature of a futures contract (all of the foregoing, collectively, “Investments”), except that the
following shall be permitted: 
 (a) the Companies may consummate the Transactions in accordance with the provisions of the
Transaction Documents; 
 (b) Investments outstanding on the Second Restatement Date and identified on
Schedule 6.04(b) and any renewal or extension thereof or reinvestment of the proceeds received in connection therewith; 
 (c) the Companies may (i) acquire and hold accounts receivables owing to any of them if created or acquired in the ordinary course of business and payable or dischargeable in accordance with customary terms, (ii) invest in,
acquire and hold cash and Cash Equivalents, (iii) endorse negotiable instruments held for collection in the ordinary course of business or (iv) make lease, utility and other similar deposits or prepayments, or deposits or prepayments to
suppliers, in each case in the ordinary course of business; 
 (d) To the extent constituting Investments, (i) Hedging
Obligations, Guarantees and other Contingent Obligations in compliance with Section 6.01, (ii) mergers and consolidations in compliance with Section 6.05, (iii) Permitted Acquisitions in compliance with
Section 6.07, (iv) Dividends in compliance with Section 6.08 and (v) the creation of Subsidiaries in compliance with Section 6.14; 
  

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 (e) loans and advances to directors, employees and officers of Borrower and the
Subsidiaries for bona fide business purposes; 
 (f) Investments (i) by Borrower in any Subsidiary Guarantor
(other than the Land Companies), (ii) by any Company in Borrower or any Subsidiary Guarantor (other than the Land Companies), (iii) by a Subsidiary Guarantor in another Subsidiary Guarantor (other than the Land Companies), (iv) by a
Subsidiary that is not a Subsidiary Guarantor in any other Subsidiary that is not a Subsidiary Guarantor (other than the Land Companies), and (v) by any Company in the Land Companies to the extent necessary for the Land Companies to make
payments under the Leases to which they are a party as and when due; provided that any Investment in the form of a loan or advance shall be evidenced by the Intercompany Note and, in the case of a loan or advance by a Loan Party, pledged by
such Loan Party as Collateral pursuant to the Security Documents. 
 (g) Investments in securities of trade creditors or
customers in the ordinary course of business that are received (i) in settlement of bona fide disputes or pursuant to any plan of reorganization or liquidation or similar arrangement upon the bankruptcy or insolvency of such trade
creditors or customers or (ii) in the settlement of debts created in the ordinary course of business; 
 (h) Investments
made by Borrower or any Subsidiary as a result of consideration received in connection with an Asset Sale made in compliance with Section 6.06; 
 (i) Investments in the nature of royalties, dedications of reserves under Coal Agreements or similar rights or interests granted, taken subject to or otherwise imposed on properties consistent with normal practices in
the mining industry; 
 (j) Investments to the extent such Investments reflect an increase in the value of Investments
otherwise permitted under this Section 6.04; 
 (k) (i) Investments in Deposit Accounts (as defined in the
Security Agreement) opened in the ordinary course of business and (ii) Investments in Cash or Cash Equivalents in Securities Accounts (as defined in the Security Agreement) opened in the ordinary course of business, in each case so long as such
Deposit Accounts and Securities Accounts are subject to Control Agreements if required hereunder or under the Security Agreement; and 
 (l) other Investments in an aggregate amount not to exceed $30.0 million at any time outstanding. 
 To the
extent that the making of any Investment could be deemed a use of more than one subsection of this Section 6.04, Borrower may select the subsection to which such Investment will be deemed a use of and in no event shall the same portion
of an Investment be deemed a use of more than one subsection. 
 SECTION 6.05 Mergers and Consolidations. Wind up,
liquidate or dissolve its affairs or enter into any transaction of merger or consolidation (or agree to do any of the foregoing at any future time), except that the following (and any agreement to do any of the following) shall be permitted:

 (a) the Transactions as contemplated by the Transaction Documents; 
  

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 (b) acquisitions in compliance with Section 6.07 and Asset Sales in
compliance with Section 6.06; 
 (c) (i) any Company may merge or consolidate with or into Borrower or any
Subsidiary Guarantor, other than the Land Companies (as long as Borrower or a Subsidiary Guarantor is the surviving person in such merger or consolidation and any such Subsidiary remains a Wholly Owned Subsidiary of Borrower); provided that
the Lien on and security interest in such property granted or to be granted in favor of the Collateral Agent under the Security Documents shall be maintained or created in accordance with the provisions of Section 5.12 or
Section 5.13, as applicable and (ii) any Subsidiary that is not a Subsidiary Guarantor may merge or consolidate with or into any other Subsidiary that is not a Subsidiary Guarantor (other than the Land Companies); 
 (d) any Subsidiary may dissolve, liquidate or wind up its affairs at any time; provided that such dissolution, liquidation or
winding up, as applicable, would not reasonably be expected to result in a Material Adverse Effect; and 
 (e) subject to
compliance with Section 5.14(a), Borrower may convert into an S corporation for federal income tax purposes in connection with any capital markets debt issuance so long as it (i) delivers a legal opinion to such effect to the
Administrative Agent and (ii) is a pass-through entity for tax purposes. 
 SECTION 6.06 Asset Sales.
Effect any Asset Sale, or agree to effect any Asset Sale, except that the following (and any agreement to do the following) shall be permitted: 
 (a) disposition of used, worn out, obsolete or surplus property by any Company in the ordinary course of business and the abandonment or other disposition of Intellectual Property that is, in the reasonable judgment
of Borrower, no longer economically practicable to maintain or useful in the conduct of the business of the Companies taken as a whole; 
 (b) (i) sales of reserves in connection with a simultaneous lease or license back of such reserves so long as the aggregate amount of reserves sold does not exceed $100.0 million and provided that any such
lease does not in any way limit or restrict in any manner (directly or indirectly) the Liens created pursuant to the Loan Documents and (ii) other Asset Sales; provided that the aggregate consideration received in respect of all Asset
Sales pursuant to this clause (b) shall not exceed $5.0 million with respect to any single Asset Sale or in the aggregate in any four consecutive fiscal quarters of Borrower; 
 (c) licenses or leases of real or personal property in the ordinary course of business and in accordance with the applicable Security
Documents; 
 (d) the Transactions as contemplated by the Transaction Documents; 
 (e) mergers, consolidations and conversions in compliance with Section 6.05; 
 (f) Investments in compliance with Section 6.04; 
 (g) (i) any Company may sell, lease, convey, transfer or otherwise dispose of all or any of its property to Borrower or any Subsidiary
Guarantor (other than the Land Companies), and (ii) any Subsidiary of Borrower that is not a Subsidiary Guarantor may sell, lease, convey, 

  

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transfer or otherwise dispose of all or any of its property to any other Subsidiary of Borrower that is not a Subsidiary Guarantor (other than the Land
Companies); 
 (h) any Company may effect any sale or discount, in each case without recourse, of accounts receivable arising
in the ordinary course of business, but only in connection with the compromise or collection thereof; 
 (i) any Company may
sell, lease, transfer (including by way of a Like-Kind Exchange) or otherwise dispose of Real Property in the ordinary course of business; 
 (j) any Company may enter into licenses, sublicenses or similar transactions of intellectual property in the ordinary course of business; and 
 (k) any Company may (i) liquidate for fair market value any Investment made pursuant to Section 6.04(g) or
(ii) effect an Asset Sale of any Investment made pursuant to Section 6.04(l). 
 To the extent the Required Lenders waive
the provisions of this Section 6.06 with respect to the sale of any Collateral, or any Collateral is sold as permitted by this Section 6.06, such Collateral (unless sold to a Company) shall be sold free and clear of the Liens
created by the Security Documents, and the Agents shall take all actions they deem appropriate in order to effect the foregoing. 
 SECTION 6.07 Acquisitions. Purchase or otherwise acquire (in one or a series of related transactions) any part of the property (whether tangible or intangible) of any person (or agree to do any of the
foregoing at any future time), except that the following (and any agreement to do the following) shall be permitted: 
 (a)
Capital Expenditures by Borrower and the Subsidiaries shall be permitted to the extent permitted by Section 6.10(d); 
 (b) purchases and other acquisitions of inventory, materials, equipment and other tangible and intangible property, real or personal, in the ordinary course of business (including the acquisition of Real Property in connection with any
Like-Kind Exchange); 
 (c) Investments in compliance with Section 6.04; 
 (d) Licenses or leases of real or personal property in the ordinary course of business and in accordance with the applicable Security
Documents; 
 (e) the Transactions as contemplated by the Transaction Documents; 
 (f) Permitted Acquisitions; and 
 (g) mergers and consolidations in compliance with Section 6.05; 
 provided that the Lien on and security
interest in such property granted or to be granted in favor of the Collateral Agent under the Security Documents shall be maintained or created in accordance with the provisions of Section 5.12 or Section 5.13, as applicable.

  

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 SECTION 6.08 Dividends. Authorize, declare or pay, directly or indirectly, any
Dividends with respect to any Company, except that the following shall be permitted: 
 (a) Dividends by any Company to
Borrower or any Guarantor that is a Wholly Owned Subsidiary of Borrower (other than the Land Companies); 
 (b) (i) Payments
to Holdings in an amount necessary to permit Holdings to make all required payments of interest pursuant to the Indebtedness permitted under Section 6.01(n) and (ii) so long as no Default or Event of Default has occurred and is continuing,
other payments to Holdings not to exceed $25.0 million in any fiscal year; 
 (c) payments by Borrower to or on behalf of
Holdings to pay (i) franchise taxes and other fees required to maintain the legal existence of Holdings, (ii) its allocable portion of income taxes paid as part of a consolidated group in an amount not to exceed the corresponding income
taxes it would pay as an individual filer separate from such consolidated group, (iii) payments as and when due under the Reclamation Documents, (iv) payments as and when due under the Holdings Lease and (v) reasonable out-of-pocket
legal, accounting and filing costs and other expenses in the nature of overhead in the ordinary course of business of Holdings, in each case to the extent actually used by Holdings to pay such taxes, payments, costs and expenses; and 
 (d) payments described in Section 6.09(d). 
 SECTION 6.09 Transactions with Affiliates. Enter into, directly or indirectly, any transaction or series of related transactions, whether or not in the ordinary course of business,
with any Affiliate of any Company (other than between or among Borrower and one or more Guarantors (other than the Land Companies)), other than on terms and conditions at least as favorable to such Company as would reasonably be obtained by such
Company at that time in a comparable arm’s-length transaction with a person other than an Affiliate, except that the following shall be permitted: 
 (a) Dividends in compliance with Section 6.08, Investments in compliance with Sections 6.04(c)(i), (e) and (f) and transactions in compliance with Section 6.05;

 (b) reasonable and customary director, officer and employee compensation (including bonuses) and other benefits (including
retirement, health, stock option and other benefit plans) and indemnification arrangements, in each case approved by the relevant Board of Directors; 
 (c) transactions with customers, clients, suppliers, joint venture partners or purchasers or sellers of goods and services, in each case in the ordinary course of business and otherwise not prohibited by the Loan
Documents; 
 (d) so long as no Event of Default exists, the payment of regular portfolio monitoring fees to Sponsor in the
amounts and at the times specified in the Advisory Services Agreement, as in effect on the Second Restatement Date or as thereafter amended or replaced in any manner, that, taken as a whole, is not more adverse to the interests of the Lenders in any
material respect than such agreement as it was in effect on the Second Restatement Date; provided that payments under this clause (d) shall not in any event exceed $5.0 million in any fiscal year; 
  

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 (e) sales of Qualified Capital Stock to Affiliates of Borrower not otherwise prohibited
by the Loan Documents and the granting of registration and other customary rights in connection therewith; 
 (f) any
transaction with an Affiliate where the only consideration paid by any Loan Party is Qualified Capital Stock; and 
 (g) the
Transactions as contemplated by the Transaction Documents. 
 SECTION 6.10 Financial Covenants. 
 (a) Maximum Leverage Ratio. Permit the Leverage Ratio, at any date during any period set forth in the table below, to exceed the
ratio set forth opposite such period in the table below: 
  

			
	 Test Period
	  	Leverage Ratio
	 Second Restatement Date – March 30, 2007
	  	3.25 to 1.0
	 March 31, 2007 – March 30, 2009
	  	3.00 to 1.0
	 March 31, 2009 and thereafter
	  	2.75 to 1.0

 (b) Minimum Interest Coverage Ratio. Permit the Consolidated Interest
Coverage Ratio for any Test Period to be less than 4.00 to 1.0. 
 (c) [Intentionally left blank.] 
 (d) Limitation on Capital Expenditures. Permit the aggregate amount of Capital Expenditures made in any period set forth below to
exceed the amount set forth opposite such period below: 
  

				
	 Period
	  	Amount (in
millions)
	 January 1, 2006 - December 31, 2006
	  	$	246,000,000
	 January 1, 2007 - December 31, 2007
	  	$	375,000,000
	 January 1, 2008 - December 31, 2008
	  	$	215,000,000
	 January 1, 2009 - December 31, 2009
	  	$	200,000,000
	 January 1, 2010 - December 31, 2010
	  	$	100,000,000
	 January 1, 2011 - Revolving Maturity Date
	  	$	100,000,000

 ; provided, however, that (x) if the aggregate amount of Capital Expenditures made in any fiscal year
shall be less than the maximum amount of Capital Expenditures permitted under this Section 6.10(d) for such fiscal year (before giving effect to any carryover), then an amount of such shortfall not exceeding 50% of such maximum amount
(without giving effect to clause (z) below) may be added to the amount of Capital Expenditures permitted under this Section 6.10(d) for the immediately succeeding (but not any other) 

  

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fiscal year, (y) in determining whether any amount is available for carryover, the amount expended in any fiscal year shall first be deemed to be from
the amount allocated to such fiscal year (in respect of any carryover from a prior year) and (z) the amount set forth in the table above for any period may be increased by an amount equal to (A) 2 times (B) the amount of
(1) any Indebtedness incurred under Section 6.01(e), Section 6.01(n) and/or Section 6.01(o) which a Responsible Officer of the Borrower has certified to the Administrative Agent will be used prior to the
Revolving Maturity Date to finance Capital Expenditures and (2) any Equity Interests issued under Section 6.13 which a Responsible Officer of the Borrower has certified to the Administrative Agent will be used prior to the Revolving
Maturity Date to finance Capital Expenditures, so long as the aggregate increase in Capital Expenditures permitted by this proviso since the Second Restatement Date does not exceed $250.0 million. 
 SECTION 6.11 Prepayments of Other Indebtedness; Modifications of Organizational Documents and Other Documents, etc. Directly or indirectly:

 (a) make (or give any written notice in respect thereof) any voluntary or optional payment or prepayment on or redemption
or acquisition for value of, or any prepayment or redemption as a result of any asset sale, change of control or similar event of, any Indebtedness that is subordinated to, or otherwise paid in a manner different from, the Obligations, except as
otherwise permitted by this Agreement; 
 (b) amend or modify, or permit the amendment or modification of, any provision of
any Material Agreement in any manner that would be reasonably expected to result in a Material Adverse Effect; or 
 (c)
terminate, amend, modify (including electing to treat any Pledged Interests (as defined in the Security Agreement) as a “security” under Section 8-103 of the UCC) or change any of its Organizational Documents (including by the filing
or modification of any certificate of designation) or any agreement to which it is a party with respect to its Equity Interests (including any stockholders’ agreement), or enter into any new agreement with respect to its Equity Interests, other
than any such amendments, modifications or changes or such new agreements which are not adverse in any material respect to the interests of the Lenders; provided that Holdings may issue such Equity Interests, so long as such issuance is not
prohibited by Section 6.13 or any other provision of this Agreement, and may amend its Organizational Documents to authorize any such issuance of Equity Interests. 
 SECTION 6.12 Limitation on Certain Restrictions on Subsidiaries. Directly or indirectly create or otherwise cause or
suffer to exist or become effective any encumbrance or restriction on the ability of any Subsidiary to (a) pay dividends or make any other distributions on its capital stock or any other interest or participation in its profits owned by
Holdings or any Subsidiary, or pay any Indebtedness owed to Holdings or a Subsidiary, (b) make loans or advances to Holdings or any Subsidiary or (c) transfer any of its properties to Holdings or any Subsidiary, except for such
encumbrances or restrictions existing under or by reason of (i) applicable law; (ii) this Agreement and the other Loan Documents; (iii) (x) the Senior Unsecured Note Documents or (y) other Indebtedness permitted by
Section 6.01(n) to the extent no more restrictive than the terms of the Senior Unsecured Note Documents; (iv) customary provisions restricting subletting or assignment of any lease governing a leasehold interest of a Subsidiary;
(v) customary provisions restricting assignment of any agreement entered into by a Subsidiary in the ordinary course of business; (vi) any holder of a Lien permitted by Section 6.02 restricting the transfer of the property
subject thereto; (vii) customary restrictions and conditions contained in any agreement relating to the sale of any property permitted under Section 6.06  

  

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pending the consummation of such sale; (viii) any agreement in effect at the time such Subsidiary becomes a Subsidiary of Holdings, so long as such
agreement was not entered into in connection with or in contemplation of such person becoming a Subsidiary of Holdings; (ix) in the case of any joint venture which is not a Loan Party in respect of any matters referred to in clauses (b)
and (c) above, restrictions in such person’s Organizational Documents or pursuant to any joint venture agreement or stockholders agreements solely to the extent of the Equity Interests of or property held in the subject joint venture or
other entity; (x) any agreements evidencing Indebtedness incurred pursuant to Section 6.01(e) or (m); (xi) any restrictions on transfer of any Mining Lease or other Lease set forth in such Mining Lease or other Lease; or
(xii) any encumbrances or restrictions imposed by any amendments or refinancings that are otherwise permitted by the Loan Documents of the agreements referred to in clause (viii) above; provided that such amendments or refinancings
are no more materially restrictive with respect to such encumbrances and restrictions than those prior to such amendment or refinancing. Notwithstanding the foregoing, no restriction on assignment in any agreement to which such Company is a party
shall be prohibited by this Section 6.12 if such restriction is imposed by any Requirement of Law or management of Borrower reasonably determines in good faith that eliminating such restriction would (i) have a material adverse
effect on such agreement or on such Company’s relationship with the party or parties to such agreement, (ii) require the payment of any money or the making by such Company of any material concession under such agreement in exchange for not
including such restriction, or (iii) otherwise materially and adversely effect such Company; provided that, notwithstanding the foregoing or any other provision in the Loan Documents, (x) no Company that is not a Land Company shall
enter into a Subsidiary Change of Control Agreement and (y) no Company other than Holdings shall enter into a Borrower Change of Control Agreement (and by making Holdings the party thereto the provisions contained therein that make such
agreement a “Borrower Change of Control Agreement” must no longer apply to Borrower) unless consented to in writing by each of the Lenders. 
 SECTION 6.13 Limitation on Issuance of Capital Stock. (a) With respect to Holdings, issue any Equity Interest that is not Qualified Capital Stock. 
 (b) With respect to any Subsidiary, issue any Equity Interest (including by way of sales of treasury stock) or any options or warrants to purchase, or
securities convertible into, any Equity Interest, except (i) for stock splits, stock dividends and additional issuances of Equity Interests which do not decrease the percentage ownership of Holdings or any Subsidiaries in any class of the
Equity Interest of such Subsidiary; and (ii) Subsidiaries of Holdings formed after the Second Restatement Date in accordance with Section 6.14 may issue Equity Interests to Holdings or the Subsidiary of Holdings which is to own such
Equity Interests. All Equity Interests issued in accordance with this Section 6.13(b) shall, to the extent required by Sections 5.12 and 5.13 or any Security Document, be delivered to the Collateral Agent for pledge
pursuant to the applicable Security Document. 
 SECTION 6.14 Limitation on Creation of Subsidiaries.
Establish, create or acquire any additional Subsidiaries without the prior written consent of the Required Lenders; provided that, without such consent, Borrower or any Subsidiary Guarantor (other than the Land Companies) may
(i) establish or create one or more Wholly Owned Subsidiaries of Borrower or such Subsidiary Guarantor, (ii) establish, create or acquire one or more Subsidiaries in connection with an Investment made pursuant to
Section 6.04(f) or (iii) acquire one or more Subsidiaries in connection with a Permitted Acquisition, so long as, in each case, Section 5.12(b) shall be complied with; provided, however, that no Loan Party
shall create any Subsidiary that is not a Wholly Owned Subsidiary other than as an Investment made pursuant to Section 6.04(l). 
  

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 SECTION 6.15 Business. Notwithstanding any other provision hereof, with respect to
Holdings, engage in any business activities or have any properties or liabilities, other than (a) the consummation of the Transactions on or prior to the Second Restatement Date, (b) its ownership of the Equity Interests of Borrower,
(c) the holding of the Holdings Lease, (d) obligations under the Loan Documents and the Senior Unsecured Note Documents, (e) the performance of its obligations and exercise of its rights under the Reclamation Documents, (f) the
holding of up to an aggregate of $500,000 of personal property and (g) activities and properties incidental to the foregoing. Without limiting the generality of the foregoing, Holdings shall not form, acquire or hold Equity Interests in any
person other than Borrower. With respect to the Land Companies, engage in any business activities or have any properties or liabilities, other than (a) the consummation of the Transactions on or prior to the Second Restatement Date,
(b) rights and obligations under Subsidiary Change of Control Agreements, (c) obligations under the Loan Documents and (d) activities and properties incidental to the foregoing. As of the Second Restatement Date, the Land Companies
are not party to any Leases other than the Leases set forth on Schedule 6.15. With respect to any Company other than Holdings and the Land Companies, engage (directly or indirectly) in any business other than (i) those businesses in
which Borrower and its Subsidiaries are engaged on the Second Restatement Date or any other business similar or complementary to such business or (ii) any other business related to mining, handling, transportation, use or sale of Coal, Coal
related products or other hydrocarbon products. 
 SECTION 6.16 Limitation on Accounting Changes. Make or permit any
material change in accounting policies or reporting practices, without the consent of the Required Lenders, which consent shall not be unreasonably withheld or delayed, except changes that are required by GAAP. 
 SECTION 6.17 Fiscal Year. Change its fiscal year-end to a date other than December 31. 
 SECTION 6.18 Lease Obligations. Create, incur, assume or suffer to exist any obligations as lessee for the rental or hire of real or
personal property of any kind under leases or agreements to lease having an original term of one year or more (excluding Mining Leases and Prep Plant Leases) that would cause the direct and contingent liabilities of the Companies, on a consolidated
basis, in respect of all such obligations to exceed $15.0 million payable in any period of 12 consecutive months; provided that, notwithstanding the foregoing, the Companies shall be permitted to maintain any such leases or agreements that
are in effect immediately prior to the Second Restatement Date, but shall not be permitted to extend, continue or renew any such leases or agreements other than in accordance with this Section 6.18. 
 SECTION 6.19 No Further Negative Pledge. Enter into any agreement, instrument, deed or lease which prohibits or limits the ability
of any Loan Party to create, incur, assume or suffer to exist any Lien upon any of its respective properties or revenues, whether now owned or hereafter acquired, or which requires the grant of any security for an obligation if security is granted
for another obligation, except the following: (a) this Agreement and the other Loan Documents; (b) covenants in documents creating Liens permitted by Section 6.02 prohibiting further Liens on the properties encumbered thereby;
(c) (i) the Senior Unsecured Note Documents or (ii) other Indebtedness permitted by Section 6.01(n) to the extent no more restrictive than the terms of the Senior Unsecured Note Documents; (d) any other agreement that
does not restrict in any manner (directly or indirectly) Liens created pursuant to the Loan Documents on any Collateral securing the Obligations and does not require the direct or indirect granting of any Lien securing any Indebtedness or other
obligation by virtue of the granting of Liens on or pledge of property of any Loan Party to secure the Obligations; and (e) any prohibition or limitation that (i) exists pursuant to applicable law, (ii) consists of customary
restrictions 

  

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and conditions contained in any agreement relating to the sale of any property permitted under Section 6.06 pending the consummation of such
sale, (iii) restricts subletting or assignment of any lease governing a leasehold interest of Borrower or a Subsidiary, (iv) exists in any agreement in effect at the time such Subsidiary becomes a Subsidiary of Borrower, so long as such
agreement was not entered into in contemplation of such person becoming a Subsidiary, (v) exists in any agreement evidencing Indebtedness incurred pursuant to Section 6.01(e) or (m), (vi) consists of restrictions on
transfer of any Mining Lease or other Lease set forth in such Mining Lease or other Lease, or (vii) is imposed by any amendments or refinancings that are otherwise permitted by the Loan Documents of the agreements referred to in
clause (e)(iv); provided that such amendments and refinancings are no more materially restrictive with respect to such prohibitions and limitations than those prior to such amendment or refinancing. Notwithstanding the foregoing, no
prohibition or limitation on assignment in any agreement to which such Company is a party shall be prohibited by this Section 6.19 if such prohibition or limitation is imposed by any Requirement of Law or management of Borrower
reasonably determines in good faith that eliminating such prohibition or limitation would (i) have a material adverse effect on such agreement or on such Company’s relationship with the party or parties to such agreement, (ii) require
the payment of any money or the making by such Company of any material concession under such agreement in exchange for not including such prohibition or limitation, or (iii) otherwise materially and adversely effect such Company;
provided that, notwithstanding the foregoing or any other provision in the Loan Documents, (x) no Company that is not a Land Company shall enter into a Subsidiary Change of Control Agreement and (y) no Company other than Holdings
shall enter into a Borrower Change of Control Agreement (and by making Holdings the party thereto the provisions contained therein that make such agreement a “Borrower Change of Control Agreement” must no longer apply to Borrower) unless
consented to in writing by each of the Lenders. 
 SECTION 6.20 Anti-Terrorism Law; Anti-Money Laundering.
(a) Directly or indirectly (i) knowingly conduct any business or engage in making or receiving any contribution of funds, goods or services to or for the benefit of any Person described in Section 3.22, (ii) knowingly deal
in, or otherwise engage in any transaction relating to, any property or interests in property blocked pursuant to the Executive Order or any other Anti-Terrorism Law in violation of the Executive Order or Anti-Terrorism Law, or (iii) knowingly
engage in or conspire to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Anti-Terrorism Law (and the Loan Parties shall deliver to the
Lenders any certification or other evidence reasonably requested from time to time by any Lender in its reasonable discretion, confirming the Loan Parties’ compliance with this Section 6.20). 
 (b) Cause or permit any of the funds of such Loan Party that are used to repay the Loans to be derived from any unlawful activity with the result that
the making of the Loans would be in violation of law. 
 SECTION 6.21 Embargoed Person. Cause or permit (a) any of
the funds or properties of the Loan Parties that are used to repay the Loans to constitute property of, or be beneficially owned directly or indirectly by, any person subject to sanctions or trade restrictions under United States law
(“Embargoed Person”) that is identified on (1) the “List of Specially Designated Nationals and Blocked Persons” (the “SDN List”) maintained by OFAC and/or on any other similar list (“Other
List”) maintained by OFAC pursuant to any authorizing statute including, but not limited to, the International Emergency Economic Powers Act, 50 U.S.C. §§ 1701 et seq., The Trading with the Enemy Act, 50 U.S.C. App. 1
et seq., and any executive order or regulation promulgated thereunder, with the result that the related investment in the Loan Parties (whether directly or indirectly) is prohibited by law, or the Loans made by the Lenders would be in
violation of law, or (2) the Executive Order, any related enabling 

  

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legislation or any other similar executive orders, or (b) any Embargoed Person to have any direct or indirect interest, of any nature whatsoever in the
Loan Parties, with the result that the investment in the Loan Parties (whether directly or indirectly) is prohibited by law or the Loans are in violation of law. 
 SECTION 6.22 Amendments to Reclamation Documents. Agree to or permit any amendment or other modification of any Reclamation Document without the prior written consent of the Administrative Agent.

 ARTICLE VII 
 GUARANTEE 
 SECTION 7.01 The Guarantee. The Guarantors hereby, jointly and severally guarantee, as a
primary obligor and not as a surety to each Secured Party and their respective successors and assigns, the prompt payment in full when due (whether at stated maturity, by required prepayment, declaration, demand, by acceleration or otherwise) of the
principal of and interest (including any interest, fees, costs or charges that would accrue but for the provisions of the Title 11 of the United States Code after any bankruptcy or insolvency petition under Title 11 of the United States Code) on the
Loans made by the Lenders to, and the Notes held by each Lender of, Borrower, and all other Obligations from time to time owing to the Secured Parties by any Loan Party under any Loan Document or under any Hedging Agreement permitted under
Section 6.01(c) or cash management arrangement to which a Lender or an Affiliate of a Lender is a counterparty, in each case strictly in accordance with the terms thereof (such obligations being herein collectively called the
“Guaranteed Obligations”). The Guarantors hereby jointly and severally agree that if Borrower or other Guarantor(s) shall fail to pay in full when due (whether at stated maturity, by acceleration or otherwise) any of the Guaranteed
Obligations, the Guarantors will promptly pay the same in cash, without any demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of any of the Guaranteed Obligations, the same will be promptly paid in full
when due (whether at extended maturity, by acceleration or otherwise) in accordance with the terms of such extension or renewal. 
 SECTION 7.02 Obligations Unconditional. The obligations of the Guarantors under Section 7.01 shall constitute a guaranty of payment and to the fullest extent permitted by applicable law, are absolute,
irrevocable and unconditional, joint and several, irrespective of the value, genuineness, validity, regularity or enforceability of the Guaranteed Obligations of Borrower under this Agreement, the Notes, if any, or any other agreement or instrument
referred to herein or therein, or any substitution, release or exchange of any other guarantee of or security for any of the Guaranteed Obligations, and, irrespective of any other circumstance whatsoever that might otherwise constitute a legal or
equitable discharge or defense of a surety or Guarantor (except for payment in full). Without limiting the generality of the foregoing, it is agreed that the occurrence of any one or more of the following shall not alter or impair the liability of
the Guarantors hereunder which shall remain absolute, irrevocable and unconditional under any and all circumstances as described above: 
 (i) at any time or from time to time, without notice to the Guarantors, the time for any performance of or compliance with any of the Guaranteed Obligations shall be extended, or such performance or compliance shall
be waived; 
 (ii) any of the acts mentioned in any of the provisions of this Agreement or the Notes, if any, or any other
agreement or instrument referred to herein or therein shall be done or omitted; 
  

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 (iii) the maturity of any of the Guaranteed Obligations shall be accelerated, or any of
the Guaranteed Obligations shall be amended in any respect, or any right under the Loan Documents or any other agreement or instrument referred to herein or therein shall be amended or waived in any respect or any other guarantee of any of the
Guaranteed Obligations or any security therefor shall be released or exchanged in whole or in part or otherwise dealt with; 
 (iv) any Lien or security interest granted to, or in favor of, the Issuing Banks or any Lender or Agent as security for any of the Guaranteed Obligations shall fail to be perfected; or 
 (v) the release of any other Guarantor pursuant to Section 7.09. 
 The Guarantors hereby expressly waive diligence, presentment, demand of payment, protest and all notices whatsoever, and any requirement that any Secured
Party exhaust any right, power or remedy or proceed against Borrower under this Agreement or the Notes, if any, or any other agreement or instrument referred to herein or therein, or against any other person under any other guarantee of, or security
for, any of the Guaranteed Obligations. The Guarantors waive any and all notice of the creation, renewal, extension, waiver, termination or accrual of any of the Guaranteed Obligations and notice of or proof of reliance by any Secured Party upon
this Guarantee or acceptance of this Guarantee, and the Guaranteed Obligations, and any of them, shall conclusively be deemed to have been created, contracted or incurred in reliance upon this Guarantee, and all dealings between Borrower and the
Secured Parties shall likewise be conclusively presumed to have been had or consummated in reliance upon this Guarantee. This Guarantee shall be construed as a continuing, absolute, irrevocable and unconditional guarantee of payment without regard
to any right of offset with respect to the Guaranteed Obligations at any time or from time to time held by Secured Parties, and the obligations and liabilities of the Guarantors hereunder shall not be conditioned or contingent upon the pursuit by
the Secured Parties or any other person at any time of any right or remedy against Borrower or against any other person which may be or become liable in respect of all or any part of the Guaranteed Obligations or against any collateral security or
guarantee therefor or right of offset with respect thereto. This Guarantee shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon the Guarantors and the successors and assigns thereof, and shall
inure to the benefit of the Lenders, and their respective successors and assigns, notwithstanding that from time to time during the term of this Agreement there may be no Guaranteed Obligations outstanding. 
 SECTION 7.03 Reinstatement. The obligations of the Guarantors under this Article VII shall be automatically reinstated if and
to the extent that for any reason any payment by or on behalf of Borrower or other Loan Party in respect of the Guaranteed Obligations is rescinded or must be otherwise restored by any holder of any of the Guaranteed Obligations, whether as a result
of any proceedings in bankruptcy or reorganization or otherwise. 
 SECTION 7.04 Subrogation; Subordination. Each
Guarantor hereby agrees that until the indefeasible payment and satisfaction in full in cash of all Guaranteed Obligations and the expiration and termination of the Commitments of the Lenders under this Agreement it shall waive any claim and shall
not exercise any right or remedy, direct or indirect, arising by reason of any performance by it of its guarantee in Section 7.01, whether by subrogation or otherwise, against Borrower or any other Guarantor of any of the Guaranteed
Obligations or any security for any of the Guaranteed Obligations. Any Indebtedness of any Loan Party permitted pursuant to Section 6.01(d) (to the extent constituting an Investment permitted under Section 6.04(f)) shall be
subordinated to such Loan Party’s Obligations in the manner set forth in the Intercompany Note evidencing such Indebtedness. 
  

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 SECTION 7.05 Remedies. The Guarantors jointly and severally agree that, as
between the Guarantors and the Lenders, to the extent not prohibited by applicable Requirements of Law the obligations of Borrower under this Agreement and the Notes, if any, may be declared to be forthwith due and payable as provided in Article
VIII (and shall be deemed to have become automatically due and payable in the circumstances provided in said Article VIII) for purposes of Section 7.01, notwithstanding any stay, injunction or other prohibition preventing such declaration
(or such obligations from becoming automatically due and payable) as against Borrower and that, in the event of such declaration (or such obligations being deemed to have become automatically due and payable), such obligations (whether or not due
and payable by Borrower) shall forthwith become due and payable by the Guarantors for purposes of Section 7.01. 
 SECTION 7.06
Instrument for the Payment of Money. Each Guarantor hereby acknowledges that the guarantee in this Article VII constitutes an instrument for the payment of money, and consents and agrees that any Lender or Agent, at its sole
option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to bring a motion-action under New York CPLR Section 3213. 
 SECTION 7.07 Continuing Guarantee. The guarantee in this Article VII is a continuing guarantee of payment, and shall apply to
all Guaranteed Obligations whenever arising. 
 SECTION 7.08 General Limitation on Guarantee Obligations. In any action
or proceeding involving any state corporate limited partnership or limited liability company law, or any applicable state, federal or foreign bankruptcy, insolvency, reorganization or other law affecting the rights of creditors generally, if the
obligations of any Guarantor under Section 7.01 would otherwise be held or determined to be void, voidable, invalid or unenforceable, or subordinated to the claims of any other creditors, on account of the amount of its liability under
Section 7.01, then, notwithstanding any other provision to the contrary, the amount of such liability shall, without any further action by such Guarantor, any Loan Party or any other person, be automatically limited and reduced to the highest
amount that is valid and enforceable and not subordinated to the claims of other creditors as determined in such action or proceeding. 
 SECTION 7.09 Release of Guarantors. If, in compliance with the terms and provisions of the Loan Documents, all or substantially all of the Equity Interests or property of any Guarantor are sold or otherwise transferred
(a “Transferred Guarantor”) to a person or persons, none of which is Borrower or a Subsidiary, such Transferred Guarantor shall, upon the consummation of such sale or transfer, be released from its obligations under
this Agreement (including under Section 11.03 hereof) and its obligations to pledge and grant any Collateral owned by it pursuant to any Security Document and, in the case of a sale of all or substantially all of the Equity Interests of the
Transferred Guarantor, the pledge of such Equity Interests to the Collateral Agent pursuant to the Security Agreement shall be released, and the Collateral Agent shall take such actions as are necessary to effect each release described in this
Section 7.09 in accordance with the relevant provisions of the Security Documents. 
 ARTICLE VIII 
 EVENTS OF DEFAULT 
 Upon the occurrence
and during the continuance of the following events (“Events of Default”): 
  

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 (a) default shall be made by any Company in the payment of any principal of any Loan or
any LC Reimbursement Obligation when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or by acceleration thereof or otherwise; 
 (b) default shall be made by any Company in the payment of any interest on any Loan or any Fee or any other amount (other than an amount
referred to in paragraph (a) above) due under any Loan Document, when and as the same shall become due and payable, and such default shall continue unremedied for a period of 3 Business Days; 
 (c) any representation or warranty made or deemed made in or in connection with any Loan Document or any Credit Extension, or any
representation, warranty, statement or information contained in any report, certificate, financial statement or other instrument furnished by any Company in connection with or pursuant to any Loan Document, shall prove to have been false or
misleading in any material respect when so made, deemed made or furnished; 
 (d) default shall be made in the due observance
or performance by any Company of any covenant, condition or agreement contained in Section 5.02, 5.03(a) or 5.08 or in Article VI; 
 (e) default shall be made in the due observance or performance by any Company of any covenant, condition or agreement contained in any
Loan Document (other than those specified in paragraphs (a), (b) or (d) immediately above) and such default shall continue unremedied or shall not be waived for a period of 30 days after the earlier of (x) written notice thereof from the
Administrative Agent or any Lender to Borrower and (y) any Company obtaining knowledge thereof; 
 (f) any Company shall (i)
fail to pay any principal or interest, regardless of amount, due in respect of any Indebtedness (excluding the Obligations, other than those described in clause (c) of the definition of “Obligations”), when and as the same shall become due
and payable beyond any applicable grace period, or (ii) fail to observe or perform any other term, covenant, condition or agreement contained in any agreement or instrument evidencing or governing any such Indebtedness if the effect of any failure
referred to in this clause (ii) is to cause, or to permit the holder or holders of such Indebtedness or a trustee or other representative on its or their behalf (with or without the giving of notice, the lapse of time or both) to cause, such
Indebtedness to become due prior to its stated maturity or become subject to a mandatory offer purchase by the obligor; provided that it shall not constitute an Event of Default pursuant to this paragraph (f) unless the aggregate principal
amount of such Indebtedness referred to in clauses (i) and (ii) exceed $15.0 million at any one time (provided that, in the case of Hedging Obligations, the notional amount thereof shall be counted for this purpose); 
 (g) an involuntary proceeding shall be commenced or an involuntary petition shall be filed in a court of competent jurisdiction seeking
(i) relief in respect of any Company, or of a substantial part of the property of any Company, under Title 11 of the Code, as now constituted or hereafter amended, or any other federal, state or foreign bankruptcy, insolvency, receivership or
similar law; (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for any Company or for a substantial part of the property of any Company; or (iii) the winding-up or liquidation of any Company; and
such proceeding or petition shall continue undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered; 
  

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 (h) any Company shall (i) voluntarily commence any proceeding or file any petition
seeking relief under Title 11 of the United States Code, as now constituted or hereafter amended, or any other federal, state or foreign bankruptcy, insolvency, receivership or similar law; (ii) consent to the institution of, or fail to contest in a
timely and appropriate manner, any proceeding or the filing of any petition described in clause (g) above; (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for any Company
or for a substantial part of the property of any Company; (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding; (v) make a general assignment for the benefit of creditors; (vi) take any action
for the purpose of effecting any of the foregoing; (vii) wind up or liquidate (viii) admit in writing its inability generally to pays its debts as the become due; or (ix) fail generally to pay its debts as they become due; 
 (i) any money judgment, writ or warrant of attachment or similar process involving (i) in any individual case an amount in excess of $5.0
million or (ii) in the aggregate at any time an amount in excess of $15.0 million (in either case to the extent not adequately covered by insurance as to which a solvent and unaffiliated insurance company has acknowledged coverage) shall be entered
or filed against any Company or any of its assets and shall remain undischarged, unvacated, unbonded or unstayed for a period of 60 days (or in any event no later five days prior to the date of any proposed sale thereunder); provided,
however, that with respect to any such judgment or similar process that is subject to the terms of one or more settlement agreements that provide for the obligations thereunder to be paid or performed over time, such judgment or similar
process shall not be determined hereunder to be undischarged, unvacated, unbonded or unstayed unless and until the relevant Company shall have failed to pay any amounts due and owing thereunder (payment of which shall not have been stayed) for a
period of 60 days after the respective final due dates for the payment of such amount; 
 (j) one or more ERISA Events shall
have occurred that, in the opinion of the Required Lenders, when taken together with all other such ERISA Events, could reasonably be expected to result in liability of any Company and its ERISA Affiliates in an aggregate amount exceeding $15.0
million or the imposition of a Lien on any properties of a Company; 
 (k) any security interest and Lien purported to be
created by any Security Document shall cease to be in full force and effect (other than in accordance with the terms hereof and thereof), or shall cease to give the Collateral Agent, for the benefit of the Secured Parties, the Liens, rights, powers
and privileges purported to be created and granted under such Security Documents (including a perfected first priority security interest in and Lien on, all of the Collateral thereunder (except as otherwise expressly provided in such Security
Document)) in favor of the Collateral Agent, or shall be asserted by Borrower or any other Loan Party not to be, a valid, perfected, first priority (except as otherwise expressly provided in this Agreement or such Security Document) security
interest in or Lien on any Collateral covered thereby having a value in excess of $15.0 million in the aggregate at any time; 
 (l) any Loan Document or any material provisions thereof shall at any time and for any reason be declared by a court of competent jurisdiction to be null and void, or a proceeding shall be commenced by any Loan Party or any other person, or
by any Governmental Authority, seeking to establish the invalidity or unenforceability thereof (exclusive of questions of interpretation of any provision thereof), or any Loan Party shall repudiate or deny any portion of its liability or obligation
for the Obligations; 
  

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 (m) there shall have occurred a Change in Control; 
 (n) except where such termination would not reasonably be expected to result in a Material Adverse Effect, there shall have occurred the
termination of, or the receipt by any Loan Party of notice of the termination of, or the occurrence of any event or condition which would, with the passage of time or the giving of notice or both, constitute an event of default under or permit the
termination of, any one or more Material Agreements (except in each case the expiration of any such Material Agreement on the stated expiration date); 
 (o) any Loan Party shall be prohibited or otherwise restrained from conducting the business theretofore conducted by it in any manner that has resulted in or would reasonably be expected to result in a Material
Adverse Effect by virtue of any determination, ruling, decision, decree or order of any court or Governmental Authority of competent jurisdiction; or 
 (p) (i) any amendment or other modification of any Reclamation Document shall be made without the prior written consent of the Administrative Agent, (ii) any rights or benefits of the Administrative Agent and
the other Secured Parties under the Reclamation Documents shall be diminished or declared or become invalid or unenforceable in any respect or any party to any Reclamation Document (other than the Administrative Agent) shall so assert, or (iii) any
Lien securing the Companies’ obligations under the Reclamation Documents shall exist on any property or assets of the Companies; 
 then, and in every
such event (other than an event with respect to Holdings or Borrower described in paragraph (g) or (h) (other than clause (ix) thereof) above), and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the
request of the Required Lenders shall, by notice to Borrower, take either or both of the following actions, at the same or different times: (i) terminate forthwith the Commitments and (ii) declare the Loans and LC Reimbursement Obligations then
outstanding to be forthwith due and payable in whole or in part, whereupon the principal of the Loans and LC Reimbursement Obligations so declared to be due and payable, together with accrued interest thereon and any unpaid accrued Fees and all
other liabilities of Borrower accrued hereunder and under any other Loan Document, shall become forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by Borrower and
the Guarantors, anything contained herein or in any other Loan Document to the contrary notwithstanding; and the case of any event with respect to Holdings or Borrower described in paragraph (g) or (h) (other than clause (ix) thereof) above, the
Commitments shall automatically terminate and the principal of the Loans and LC Reimbursement Obligations then outstanding, together with accrued interest thereon and any unpaid accrued Fees and all other liabilities of Borrower accrued hereunder
and under any other Loan Document, shall automatically become due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by Borrower and the Guarantors, anything contained herein
or in any other Loan Document to the contrary notwithstanding. 
 ARTICLE IX 
 COLLATERAL ACCOUNT; APPLICATION OF COLLATERAL PROCEEDS 
 SECTION 9.01
Collateral Account. (a) The Collateral Agent is hereby authorized to establish and maintain at its office at 677 Washington Boulevard, Stamford, Connecticut 06901, in the name of the Collateral Agent and pursuant to a Control
Agreement, a restricted deposit account designated “ICG Collateral Account.” Each Loan Party shall deposit into the Collateral Account from 

  

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time to time (i) the cash proceeds of any of the Collateral (including pursuant to any disposition thereof) to the extent contemplated herein or in any other
Loan Document and (ii) any cash such Loan Party is required to pledge as additional collateral security hereunder pursuant to the Loan Documents. 
 (b) The balance from time to time in the Collateral Account shall constitute part of the Collateral and shall not constitute payment of the Obligations until applied as hereinafter provided. So long as no Event of Default has occurred and
is continuing or will result therefrom, the Collateral Agent shall within two Business Days of receiving a request of the applicable Loan Party for release of cash proceeds (i) from the Collateral Account constituting amounts relating to any
Excluded Issuance, remit such cash proceeds on deposit in the Collateral Account to or upon the order of such Loan Party, so long as such Loan Party has satisfied the conditions relating thereto set forth in Section 9.02, and (ii) with
respect to the LC Sub-Account, remit such Net Cash Proceeds on deposit in the LC Sub-Account to or upon the order of such Loan Party (x) at such time as all Letters of Credit shall have been terminated and all of the liabilities in respect of the
Letters of Credit have been paid in full or (y) otherwise in accordance with Section 2.17(i). At any time following the occurrence and during the continuance of an Event of Default, the Collateral Agent may (and, if instructed by the Required
Lenders as specified herein, shall) in its (or their) discretion apply or cause to be applied (subject to collection) the balance from time to time outstanding to the credit of the Collateral Account to the payment of the Obligations in the manner
specified in Section 9.03 hereof subject, however, in the case of amounts deposited in the LC Sub-Account, to the provisions of Sections 2.17(i) and 9.03. The Loan Parties shall have no right to withdraw, transfer or otherwise
receive any funds deposited in the Collateral Account except to the extent specifically provided herein. 
 (c) Amounts on deposit in the
Collateral Account shall be invested and reinvested from time to time in Cash Equivalents as the applicable Loan Party (or, after the occurrence and during the continuance of an Event of Default, the Collateral Agent) shall determine by written
instruction to the Collateral Agent, or if no such instructions are given, then as the Collateral Agent, in its sole discretion, shall determine, which Cash Equivalents shall be held in the name and be under the control of the Collateral Agent (or
any sub-agent); provided that at any time after the occurrence and during the continuance of an Event of Default, the Collateral Agent may (and, if instructed by the Required Lenders as specified herein, shall) in its (or their) discretion at
any time and from time to time elect to liquidate any such Cash Equivalents and to apply or cause to be applied the proceeds thereof to the payment of the Obligations in the manner specified in Section 9.03 hereof subject, however, in the
case of amounts deposited in the LC Sub-Account, to the provisions of Section 2.17(i). 
 (d) Amounts deposited into the Collateral
Account as cover for liabilities in respect of Letters of Credit under any provision of this Agreement requiring such cover shall be held by the Administrative Agent in a separate sub-account designated as the “LC Sub-Account” (the
“LC Sub-Account”) and, subject to Section 2.17(i), all amounts held in the LC Sub-Account shall constitute collateral security first for the liabilities in respect of Letters of Credit outstanding from time to time and
second for the other Obligations hereunder (x) until such time as all Letters of Credit shall have been terminated and all of the liabilities in respect of Letters of Credit have been paid in full or (y) otherwise in accordance
with Section 2.17(i) and immediately thereafter shall be applied as provided in Section 9.01(b). 
 SECTION 9.02
Proceeds of Excluded Issuances. So long as no Event of Default shall have occurred and be continuing, in the event the applicable Loan Party elects to reinvest Net Cash Proceeds in respect of any Excluded Issuance in accordance
with the definition thereof, the Collateral Agent shall receive at least 10 days’ prior notice of each request for payment and shall not release any 

  

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part of such Net Cash Proceeds, until the applicable Loan Party has furnished to the Collateral Agent (i) an Officers’ Certificate setting forth: (A) a
brief description of the reinvestment to be made, (B) the dollar amount of the expenditures to be made, or costs incurred by such Loan Party in connection with such reinvestment and (C) evidence that the properties acquired in connection with such
reinvestment have a value that is reasonably equivalent in the context of the Companies’ normal business operations to the amount of Net Cash Proceeds requested to be released from the Collateral Account and (ii) all security agreements and
Mortgages and other items required by the provisions of Sections 5.12 and 5.13 to, among other things, subject such reinvestment properties to the Lien of the Security Documents in favor of the Collateral Agent, for its benefit and for
the benefit of the other Secured Parties. 
 SECTION 9.03 Application of Proceeds. The proceeds received by the
Collateral Agent in respect of any sale of, collection from or other realization upon all or any part of the Collateral pursuant to the exercise by the Collateral Agent of its remedies shall be applied, in full or in part, together with any other
sums then held by the Collateral Agent pursuant to this Agreement, promptly by the Collateral Agent as follows: 
 (a)
First, to the payment of all reasonable costs and expenses, fees, commissions and taxes of such sale, collection or other realization including compensation to the Collateral Agent and its agents and counsel, and all expenses, liabilities and
advances made or incurred by the Collateral Agent in connection therewith and all amounts for which the Collateral Agent is entitled to indemnification pursuant to the provisions of any Loan Document, together with interest on each such amount at
the highest rate then in effect under this Agreement from and after the date such amount is due, owing or unpaid until paid in full; 
 (b) Second, to the payment of all other reasonable costs and expenses of such sale, collection or other realization including compensation to the other Secured Parties and their agents and counsel and all costs, liabilities and
advances made or incurred by the other Secured Parties in connection therewith, together with interest on each such amount at the highest rate then in effect under this Agreement from and after the date such amount is due, owing or unpaid until paid
in full; 
 (c) Third, without duplication of amounts applied pursuant to clauses (a) and (b) above, to the
indefeasible payment in full in cash, pro rata, of interest and other amounts constituting Obligations (other than principal and LC Reimbursement Obligations) in each case equally and ratably in accordance with the respective amounts thereof
then due and owing; 
 (d) Fourth, to the indefeasible payment in full in cash, pro rata, of principal amount of
the Obligations (including LC Reimbursement Obligations); and 
 (e) Fifth, the balance, if any, to the person lawfully
entitled thereto (including the applicable Loan Party or its successors or assigns) or as a court of competent jurisdiction may direct. 
 In
the event that any such proceeds are insufficient to pay in full the items described in clauses (a) through (e) of this Section 9.03, the Loan Parties shall remain liable, jointly and severally, for any deficiency. 
  

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 ARTICLE X 
 THE ADMINISTRATIVE AGENT AND THE COLLATERAL AGENT 
 SECTION 10.01 Appointment.
Each Lender hereby irrevocably designates and appoints each of the Administrative Agent and the Collateral Agent as an agent of such Lender under this Agreement and the other Loan Documents. Each Lender irrevocably authorizes each Agent, in such
capacity, through its agents or employees, to take such actions on its behalf under the provisions of this Agreement and the other Loan Documents and to exercise such powers and perform such duties as are expressly delegated to such Agent by the
terms of this Agreement and the other Loan Documents, together with such actions and powers as are reasonably incidental thereto. 
 SECTION 10.02 Agent in Its Individual Capacity. Each person serving as an Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were
not an Agent, and such person and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with Borrower or any Subsidiary or other Affiliate thereof as if it were not an Agent hereunder. 
 SECTION 10.03 Exculpatory Provisions. No Agent shall have any duties or obligations except those expressly set forth in the Loan
Documents. Without limiting the generality of the foregoing, (a) no Agent shall be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, (b) no Agent shall have any duty to take any
discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated by the Loan Documents that such Agent is required to exercise in writing by the Required Lenders (or such other number or
percentage of the Lenders as shall be necessary under the circumstances as provided in Section 11.02), and (c) except as expressly set forth in the Loan Documents, no Agent shall have any duty to disclose or shall be liable for the failure to
disclose, any information relating to Borrower or any of its Subsidiaries that is communicated to or obtained by the bank serving as such Agent or any of its Affiliates in any capacity. No Agent shall be liable for any action taken or not taken by
it with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 11.02) or in the absence of its own gross negligence or
willful misconduct. No Agent shall be deemed to have knowledge of any Default unless and until written notice thereof is given to such Agent by Borrower or a Lender, and no Agent shall be responsible for or have any duty to ascertain or inquire into
(i) any statement, warranty or representation made in or in connection with any Loan Document, (ii) the contents of any certificate, report or other document delivered thereunder or in connection therewith, (iii) the performance or observance of any
of the covenants, agreements or other terms or conditions set forth in any Loan Document, (iv) the validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document or (v) the satisfaction of
any condition set forth in Article IV or elsewhere in any Loan Document. 
 SECTION 10.04 Reliance by Agent. Each
Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed or sent by a
proper person. Each Agent also may rely upon any statement made to it orally and believed by it to be made by a proper person, and shall not incur any liability for relying thereon. Each Agent may consult with legal counsel (who may be counsel for
Borrower), independent accountants and other advisors selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or advisors. 
  

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 SECTION 10.05 Delegation of Duties. Each Agent may perform any and all its duties
and exercise its rights and powers by or through any one or more sub-agents appointed by such Agent. Each Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers through their respective Affiliates. The
exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to the Affiliates of each Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit
facilities provided for herein as well as activities as Agent. 
 SECTION 10.06 Successor Agent. Each Agent may resign
as such at any time upon at least 30 days’ prior notice to the Lenders, the Issuing Banks and Borrower. Upon any such resignation, the Required Lenders shall have the right, in consultation with Borrower, to appoint a successor Agent from among
the Lenders. If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Agent gives notice of its resignation, then the retiring Agent may, on behalf of the Lenders
and the Issuing Banks, appoint a successor Agent, which successor shall be a commercial banking institution organized under the laws of the United States (or any State thereof) or a United States branch or agency of a commercial banking institution,
in each case, having combined capital and surplus of at least $500.0 million; provided that if such retiring Agent is unable to find a commercial banking institution which is willing to accept such appointment and which meets the
qualifications set forth above, the retiring Agent’s resignation shall nevertheless thereupon become effective, and the Lenders shall assume and perform all of the duties of the Agent hereunder until such time, if any, as the Required Lenders
appoint a successor Agent. 
 Upon the acceptance of its appointment as an Agent hereunder by a successor, such successor shall succeed to
and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations hereunder. The fees payable by Borrower to a successor Agent shall be the same as
those payable to its predecessor unless otherwise agreed between Borrower and such successor. After an Agent’s resignation hereunder, the provisions of this Article X and Section 11.03 shall continue in effect for the benefit of
such retiring Agent, its sub-agents and their respective Affiliates in respect of any actions taken or omitted to be taken by any of them while it was acting as Agent. 
 SECTION 10.07 Non-Reliance on Agent and Other Lenders. Each Lender acknowledges that it has, independently and without reliance upon any Agent or any other Lender and based on such documents and
information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon any Agent or any other Lender and based on such
documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or related agreement or any document furnished
hereunder or thereunder. 
 SECTION 10.08 Name Agents. The parties hereto acknowledge that the Documentation Agents and
the Syndication Agents hold such titles in name only, and that such titles confer no additional rights (including pursuant to Section 10.09 or Section 11.03) or obligations relative to those conferred on any Lender hereunder.

 SECTION 10.09 Indemnification. The Lenders severally agree to indemnify each Agent in its capacity as such (to the
extent not reimbursed by Borrower or the Guarantors and without limiting the obligation of Borrower or the Guarantors to do so), ratably according to their respective outstanding Loans and Commitments in effect on the date on which indemnification
is sought under this 

  

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Section 10.09 (or, if indemnification is sought after the date upon which all Commitments shall have terminated and the Loans and LC Reimbursement
Obligations shall have been paid in full, ratably in accordance with such outstanding Loans and Commitments as in effect immediately prior to such date), from and against any and all liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements of any kind whatsoever that may at any time (whether before or after the payment of the Loans and LC Reimbursement Obligations) be imposed on, incurred by or asserted against such Agent in any way
relating to or arising out of, the Commitments, this Agreement, any of the other Loan Documents or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by
such Agent under or in connection with any of the foregoing; provided that no Lender shall be liable for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements that are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from such Agent’s gross negligence or willful misconduct. The agreements in this Section shall survive the payment of the
Loans and all other amounts payable hereunder. 
 ARTICLE XI 
 MISCELLANEOUS 
 SECTION 11.01 Notices. Notices and other
communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows: 
 (a) if to any Loan Party, to Borrower at: 
 ICG, LLC 
 2000 Ashland Drive 
 Ashland, Kentucky 41104 
 Attention: Treasurer 
 Telecopy No.: (606) 920-7788; 
 with a copy to: 
 W.L. Ross & Co. LLC 
 Manhattan Tower

 101 East 52nd Street 
 New York, NY 10022 
 Attention: David Wax 
 Telecopy No.: (212) 317-4891; 
 (b) if to the Administrative Agent or the Collateral Agent, to it at: 
 UBS AG, Stamford Branch 
 677 Washington Boulevard 
 Stamford, Connecticut 06901 
 Attention: Doris
Mesa 
 Telecopy No.: (203) 719-4176; 
  

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 (c) if to a Lender, to it at its address (or telecopy number) set forth on the applicable Lender Addendum
or in the Assignment and Acceptance pursuant to which such Lender shall have become a party hereto; and 
 (d) if to the Swingline Lender, to
it at: 
 UBS Loan Finance LLC 
 677 Washington Boulevard 
 Stamford, Connecticut 06901 
 Attention: Doris Mesa 
 Telecopy No.: (203) 719-4176. 
 All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of
receipt if delivered by hand or overnight courier service or sent by telecopy or by certified or registered mail, in each case delivered, sent or mailed (properly addressed) to such party as provided in this Section 11.01 or in accordance
with the latest unrevoked direction from such party given in accordance with this Section 11.01, and failure to deliver courtesy copies of notices and other communications shall in no event affect the validity or effectiveness of such notices
and other communications. 
 SECTION 11.02 Waivers; Amendment. (a) No failure or delay by any Agent, the Issuing Banks
or any Lender in exercising any right or power hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to
enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of each Agent, the Issuing Banks and the Lenders hereunder and under the other Loan Documents are
cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of any Loan Document or consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall
be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance
of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether any Agent, any Lender or any Issuing Bank may have had notice or knowledge of such Default at the time. 
 (b) Except as provided in paragraphs (c) and (d) below, neither this Agreement nor any other Loan Document nor any provision hereof or thereof may be
waived, amended, supplemented or modified except, in the case of this Agreement, pursuant to an agreement or agreements in writing entered into by Borrower and the Required Lenders or, in the case of any other Loan Document, pursuant to an agreement
or agreements in writing entered into by the Administrative Agent, the Collateral Agent (in the case of any Security Document) and the Loan Party or Loan Parties that are parties thereto, in each case with the written consent of the Required
Lenders; provided that no such agreement shall: 
 (i) increase the Commitment of any Lender without the written
consent of such Lender; 
 (ii) reduce the principal amount of any Loan or LC Disbursement or reduce the rate of interest
thereon, or reduce any Fees payable hereunder, or change the currency of payment of any Obligation, without the written consent of each Lender affected thereby; 
  

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 (iii) (a) postpone or extend (w) the maturity of any Loan, (x) the required
date of payment of any LC Reimbursement Obligation or (y) any date for the payment of any interest or fees payable hereunder, (b) reduce the amount of, waive or excuse any such payment, (c) postpone the scheduled date of expiration of
any Commitment or (d) postpone the scheduled date of expiration of any Letter of Credit beyond the Revolving Maturity Date, in each case without the written consent of each Lender affected thereby; 
 (iv) change Section 2.13(b) or (c) in a manner that would alter the pro rata sharing of payments or setoffs
required thereby, without the written consent of each Lender; 
 (v) change the percentage set forth in the definition of
“Required Lenders” or “Supermajority Lenders” or any other provision of any Loan Document (including this Section) specifying the number or percentage of Lenders (or Lenders of any Class) required to waive, amend or modify any
rights thereunder or make any determination or grant any consent thereunder, without the written consent of each Lender (or each Lender of such Class, as the case may be); 
 (vi) release any Guarantor from its Guarantee (except as expressly provided in Article VII), or limit its liability in respect
of such Guarantee, without the written consent of each Lender; 
 (vii) release all or substantially all of the Collateral
from the Liens of the Security Documents (except as expressly provided in Section 6.06 or Article VII hereof or in the Security Documents) or alter the relative priorities of the Obligations entitled to the Liens of the Security
Documents (except in connection with securing additional Obligations equally and ratably with the other Obligations), in each case without the written consent of each Lender; or 
 (viii) change any provisions of any Loan Document in a manner that by its terms adversely affects the rights in respect of payments due to
Lenders holding Loans of any Class differently than those holding Loans of any other Class, without the written consent of Lenders holding a majority in interest of the outstanding Loans and unused Commitments of each affected Class. 
 provided, further, that (1) no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent, the Collateral Agent,
any Issuing Bank or the Swingline Lender without the prior written consent of the Administrative Agent, such Issuing Bank or the Swingline Lender, as the case may be and (2) any waiver, amendment or modification prior to the achievement of a
Successful Syndication may not be effected without the written consent of the Arrangers. Notwithstanding the foregoing, any provision of this Agreement may be amended by an agreement in writing entered into by Borrower, the Required Lenders and the
Administrative Agent (and, if their rights or obligations are affected thereby, the Issuing Banks and the Swingline Lender) if, in connection with such agreement, the Commitments and Loans of each Lender not consenting to the amendment provided for
therein shall be assigned to another Lender upon the effectiveness of such amendment. 
 (c) If, in connection with any proposed change,
waiver, discharge or termination of the provisions of this Agreement as contemplated by Section 11.02(b) (other than clause (iii) of such Section), the consent of the Supermajority Lenders is obtained but the consent of one or more
of such other Lenders whose consent is required is not obtained, then Borrower shall have the right to replace all, but not less than all, of such non-consenting Lender or Lenders (so long as all non-consenting Lenders are 

  

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so replaced) with one or more persons pursuant to Section 2.15 so long as at the time of such replacement each such new Lender consents to the
proposed change, waiver, discharge or termination; provided, however, that Borrower shall not have the right to replace a Lender solely as a result of the exercise of such Lender’s rights (and the withholding of any required consent by
such Lender) pursuant to clause (iii) of Section 11.02(b). 
 (d) Notwithstanding anything in paragraph (b) of this
Section to the contrary, this Agreement and the other Loan Documents may be amended at any time and from time to time to increase the aggregate Revolving Commitments or to establish one or more Classes of Revolving Commitments by an agreement in
writing entered into by Borrower, the Administrative Agent, the Collateral Agent and each person (including any Lender) that shall agree to provide such Commitment of any Class so established (and each such person that shall not already be a Lender
shall, at the time such agreement becomes effective, become a Lender with the same effect as if it had originally been a Lender under this Agreement with the Commitment set forth in such agreement); provided that the aggregate outstanding
principal amount of the new Commitments of all Classes shall at no time, without the consent of the Required Lenders, exceed $100.0 million. Any such agreement shall amend the provisions of this Agreement and the other Loan Documents to set forth
the terms of each Class of Commitments established thereby (including the amount and final maturity thereof (which shall not be earlier than the Revolving Maturity Date), the interest to accrue and be payable thereon and any fees to be payable in
respect thereof) and to effect such other changes (including changes to the provisions of this Section, Section 2.13 and the definition of “Required Lenders”) as Borrower and the Administrative Agent shall deem necessary or
advisable in connection with the establishment of any such Class; provided that no such agreement shall (i) effect any change described in any of clauses (i)-(viii) of, or the proviso to, paragraph (b) of this Section without
the consent of each person required to consent to such change under such clause (it being agreed, however, that any increase in the Revolving Commitments will not, of itself, be deemed to effect any of the changes described in clauses
(vi) through (viii) and clause (1) of such paragraph (b)), (ii) amend Article V, VI or VIII to establish any affirmative or negative covenant, Event of Default or remedy that by its terms benefits one or more
Classes, but not all Classes, of Loans or Borrowings without the prior written consent of Lenders holding a majority in interest of the Loans and Commitments of each Class not so benefited or (iii) change any other provision of this Agreement
or any other Loan Document that creates rights in favor of Lenders holding Loans or Commitments of any existing Class, other than as necessary or advisable in the judgment of the Administrative Agent to cause such provision to take into account, or
to make the benefits of such provision available to, Lenders holding such new Commitments. The Loans, Commitments and Borrowings of any Class established pursuant to this paragraph shall constitute Loans, Commitments and Borrowings under, and shall
be entitled to all the benefits afforded by, this Agreement and the other Loan Documents, and shall, without limiting the foregoing, benefit equally and ratably from the Guarantees and security interests created by the Security Documents. The Loans
Parties shall take any actions reasonably required by the Administrative Agent to ensure and/or demonstrate that the Lien and security interests granted by the Security Documents continue to be perfected under the UCC or otherwise after the
establishment of any such new Commitments. 
 SECTION 11.03 Expenses; Indemnity. (a) The Loan Parties agree, jointly and
severally, to pay, promptly upon demand: 
 (i) all reasonable costs and expenses incurred by the Arrangers, the
Administrative Agent, the Collateral Agent, the Swingline Lender and the Issuing Banks, including the reasonable fees, charges and disbursements of Advisors (as defined below) for the Arrangers, the Administrative Agent, the Collateral Agent, the
Swingline Lender and the Issuing Banks, in 

  

 -111- 

 
connection with the syndication of the Loans and Commitments, the preparation, execution and delivery of the Loan Documents, the administration of the Loans
and Commitments, the perfection and maintenance of the Liens securing the Collateral and any actual or proposed amendment, supplement or waiver of any of the Loan Documents (whether or not the transactions contemplated hereby or thereby shall be
consummated); 
 (ii) all costs and expenses incurred by the Administrative Agent or the Collateral Agent, including the fees,
charges and disbursements of Advisors for the Administrative Agent and the Collateral Agent, in connection with any action, suit or other proceeding affecting the Collateral or any part thereof, in which action, suit or proceeding the Administrative
Agent or the Collateral Agent is made a party or participates or in which the right to use the Collateral or any part thereof is threatened, or in which it becomes necessary in the judgment of the Administrative Agent or the Collateral Agent to
defend or uphold the Liens granted by the Security Documents (including any action, suit or proceeding to establish or uphold the compliance of the Collateral with any Requirements of Law); 
 (iii) all costs and expenses incurred by the Arrangers, the Administrative Agent, the Collateral Agent, the Swingline Lender, the Issuing
Banks or any Lender, including the fees, charges and disbursements of Advisors for the Arrangers, the Administrative Agent, the Collateral Agent, the Swingline Lender, the Issuing Banks and the Lenders, incurred in connection with the enforcement or
protection of its rights under the Loan Documents, including its rights under this Section 11.03(a), or in connection with the Loans made or Letters of Credit issued hereunder, and the collection of the Obligations, including all such
costs and expenses incurred during any workout, restructuring or negotiations in respect of the Obligations; and 
 (iv) all
documentary and similar taxes and charges in respect of the Loan Documents. 
 For purposes of this Section 11.03(a), “Advisors”
shall mean legal counsel (including local counsel), auditors, accountants, consultants (including environmental consultants), appraisers or other advisors; provided that (x) in the case of clause (i), the engagement of any Advisors other
than legal counsel (including local counsel) shall be subject to approval by Borrower (which approval shall not be unreasonably withheld) and (y) in the case of clause (iii), the engagement of any Advisors other than one firm of legal counsel
by any Lender shall be subject to approval by the Administrative Agent. 
 (b) The Loan Parties agree, jointly and severally, to indemnify
the Agents, each Lender, each Issuing Bank and the Swingline Lender, each Affiliate of any of the foregoing persons and each of their respective partners, controlling persons, directors, officers, trustees, employees and agents (each such person
being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, all reasonable out-of-pocket costs and any and all losses, claims, damages, liabilities, penalties, judgments, suits and related expenses, including
reasonable counsel fees, charges and disbursements, incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of (i) the execution, delivery, performance, administration or enforcement of the Loan
Documents, (ii) any actual or proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iii) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party
thereto, or (iv) any actual or alleged presence or Release or threatened Release of Hazardous Materials, on, at, under or from any property owned, leased or operated by any Company at any time, any violation of Environmental Law or any
Environmental Claim related in any way to any Company; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of
competent jurisdiction by final and 
  

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 nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee. 

(c) The provisions of this Section 11.03 shall remain operative and in full force and effect regardless of the expiration of the term of
this Agreement, the consummation of the transactions contemplated hereby, the repayment of the Loans and LC Reimbursement Obligations, the release of all or any portion of the Collateral, the expiration of the Commitments, the expiration of any
Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by or on behalf of the Agents, any Issuing Bank or any Lender. All amounts due under this
Section 11.03 shall be payable within five days of written demand therefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. 
 (d) To the extent that Borrower fails to promptly pay any amount required to be paid by it to the Agents, any Issuing Bank or the Swingline Lender under
paragraph (a) or (b) of this Section, each Lender severally agrees to pay to the Agents, such Issuing Bank or the Swingline Lender, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable
unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against any
of the Agents, such Issuing Bank or the Swingline Lender in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the total Revolving Exposure and unused
Commitments at the time. 
 SECTION 11.04 Successors and Assigns. (a) The provisions of this Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby (including any Affiliate of an Issuing Bank that issues any Letter of Credit), except that Borrower may not assign or otherwise
transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent, the Collateral Agent, the Issuing Banks, the Swingline Lender and each Lender (and any attempted assignment or transfer by Borrower
without such consent shall be null and void). Nothing in this Agreement, express or implied, shall be construed to confer upon any person (other than the parties hereto, their respective successors and assigns permitted hereby (including any
Affiliate of an Issuing Bank that issues any Letter of Credit) and, to the extent expressly contemplated hereby, the other Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
 (b) Any Lender shall have the right at any time to assign to one or more banks, insurance companies, investment companies or funds or other institutions
(other than Borrower, Holdings or any Affiliate or Subsidiary thereof) all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided that
(i) except in the case of an assignment to a Lender, an Affiliate of a Lender or a Lender Affiliate, the Administrative Agent and an Issuing Bank and, after the achievement of a Successful Syndication, Borrower (and, in the case of an
assignment of all or a portion of any Lender’s obligations in respect of its Swingline Exposure, the Swingline Lender) must give its prior written consent to such assignment (which consent shall not be unreasonably withheld or delayed),
(ii) except in the case of an assignment to a Lender, an Affiliate of a Lender or a Lender Affiliate, any assignment made in connection with the syndication of the Commitments and Loans by the Arrangers or an assignment of the entire remaining
amount of the assigning Lender’s Commitment or Loans, the amount of the Commitment or Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Acceptance with respect to such assignment is
delivered to the Administrative Agent) shall not be less 

  

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than $2.5 million, unless each of Borrower and the Administrative Agent otherwise consent (treating contemporaneous assignments to multiple Lender Affiliates
of a single Lender as a single assignment for purposes of such requirement), (iii) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement,
except that this clause (iii) shall not be construed to prohibit the assignment of a proportionate part of all the assigning Lender’s rights and obligations in respect of one Class of Commitments or Loans, (iv) the parties to each
assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance, together with a processing and recordation fee of $3,500 (except as set forth in the Fee Letter) (treating contemporaneous assignments to multiple Lender
Affiliates of a single Lender as a single assignment for purposes of such requirement), and (v) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire; and provided, further,
that any consent of Borrower otherwise required under this paragraph shall not be required if a Default has occurred and is continuing. Subject to acceptance and recording thereof pursuant to paragraph (d) of this Section, from and after the
effective date specified in each Assignment and Acceptance the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Acceptance, have the rights and obligations of a Lender under this
Agreement (provided that any liability of Borrower to such assignee under Section 2.11, 2.12 or 2.14 shall be limited to the amount, if any, that would have been payable thereunder by Borrower in the absence of such
assignment, except to the extent any such amounts are attributable to a Change in Law occurring after the date of such assignment), and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Acceptance,
be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall
continue to be entitled to the benefits of Sections 2.11, 2.12, 2.14 and 11.03). 
 (c) The Administrative
Agent, acting for this purpose as an agent of Borrower, shall maintain at one of its offices a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments
of, and principal amount of the Loans and LC Disbursements owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive in the absence of manifest error, and
Borrower, the Administrative Agent, the Issuing Banks and the Lenders may treat each person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the
contrary. The Register shall be available for inspection by Borrower, the Issuing Banks, the Collateral Agent, the Swingline Lender and any Lender (with respect to its own interest only), at any reasonable time and from time to time upon reasonable
prior notice. 
 (d) Upon its receipt of a duly completed Assignment and Acceptance executed by an assigning Lender and an assignee, the
assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section and any written consent to such assignment
required by paragraph (b) of this Section, the Administrative Agent shall accept such Assignment and Acceptance and record the information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless
it has been recorded in the Register as provided in this paragraph. 
 (e) Any Lender shall have the right at any time, without the consent
of Borrower, the Administrative Agent, the Issuing Banks or the Swingline Lender to sell participations to one or more banks or other entities (a “Participant”) in all or a portion of such Lender’s rights and obligations under
this Agreement (including all or a portion of its Commitments and the Loans owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain 

  

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solely responsible to the other parties hereto for the performance of such obligations and (iii) Borrower, the Administrative Agent, the Issuing Banks
and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation
shall provide that such Lender shall retain the sole right to enforce the Loan Documents and to approve any amendment, modification or waiver of any provision of the Loan Documents; provided that such agreement or instrument may provide that
such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in clause (i), (ii) or (iii) of the first proviso to Section 11.02(b) that affects such Participant.
Subject to paragraph (f) of this Section, Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.11, 2.12 and 2.14 to the same extent as if it were a Lender and had acquired its interest
by assignment pursuant to paragraph (b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 11.08 as though it were a Lender; provided that such Participant
agrees in writing to be subject to Section 2.13(c) as though it were a Lender. Each Lender shall, acting for this purpose as an agent of Borrower, maintain at one of its offices a register for the recordation of the names and addresses
of its Participants, and the amount and terms of its participations; provided that no Lender shall be required to disclose or share the information contained in such register with Borrower or any other party, except as required by applicable
law. 
 (f) A Participant shall not be entitled to receive any greater payment under Section 2.11, 2.12 or 2.14
than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the prior written consent of Borrower (which consent
shall not be unreasonably withheld or delayed). A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 2.14 unless Borrower is notified of the participation sold to such
Participant and such Participant agrees, for the benefit of Borrower, to comply with Sections 2.14(e) and (f) as though it were a Lender. 
 (g) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure
obligations to a Federal Reserve Bank, and this Section shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its
obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. In the case of any Lender that is a fund that invests in bank loans, such Lender may, without the consent of Borrower or the Administrative Agent,
collaterally assign or pledge all or any portion of its rights under this Agreement, including the Loans and Notes or any other instrument evidencing its rights as a Lender under this Agreement, to any holder of, trustee for, or any other
representative of holders of, obligations owed or securities issued, by such fund, as security for such obligations or securities; provided that no such pledge or assignment of a security interest shall release a Lender from any of its
obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 
 SECTION 11.05 Survival of
Agreement. All covenants, agreements, representations and warranties made by the Loan Parties in the Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan
Document shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of the Loan Documents and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation
made by any such other party or on its behalf and notwithstanding that the Agents, any Issuing Bank or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder,
and shall 

  

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continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement
is outstanding and unpaid and so long as the Commitments have not expired or terminated. The provisions of Sections 2.11, 2.13, 2.14 and 11.03 and Article X shall survive and remain in full force and
effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the payment of the LC Reimbursement Obligations, the expiration or termination of the Letters of Credit and the Commitments or the termination
of this Agreement or any provision hereof. 
 SECTION 11.06 Counterparts; Integration; Effectiveness. This Agreement may
be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents
constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof; provided that if there is any
conflict between the terms of this Agreement and the terms of any other Loan Document, the terms of this Agreement shall prevail. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed
by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit
of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page of this Agreement by telecopy shall be effective as delivery of a manually executed counterpart of this Agreement. 

SECTION 11.07 Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular
provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 
 SECTION 11.08 Right of
Setoff. If an Event of Default shall have occurred and be continuing, each Lender is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special,
time or demand, provisional or final) at any time held and other obligations at any time owing by such Lender to or for the credit or the account of Borrower against any and all of the obligations of Borrower now or hereafter existing under this
Agreement held by such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement and although such obligations may be unmatured. The rights of each Lender under this Section are in addition to other rights
and remedies (including other rights of setoff) which such Lender may have. Each Lender exercising rights of set-off pursuant to this Section 11.08 shall provide notice thereof to Borrower; provided that the failure to give such
notice shall not effect the validity of such set-off. 
 SECTION 11.09 Governing Law; Jurisdiction; Consent to Service of
Process. (a) This Agreement shall be construed in accordance with and governed by the law of the State of New York, without regard to conflicts of law principles that would require the application of the laws of another jurisdiction.

 (b) Each Loan Party hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of the
Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to any
Loan 

  

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Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in
respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be
conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or any other Loan Document shall affect any right that the Administrative Agent, any Issuing Bank or any
Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against any Loan Party or its properties in the courts of any jurisdiction. 
 (c) Each Loan Party hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may
now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any other Loan Document in any court referred to in paragraph (b) of this Section. Each of the parties hereto hereby
irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 
 (d) Each party to this Agreement irrevocably consents to service of process in any action or proceeding arising out of or relating to any Loan Document, the manner provided for notices in Section 11.01.
Nothing in this Agreement or any other Loan Document will affect the right of any party to this Agreement to serve process in any other manner permitted by applicable law. 
 SECTION 11.10 Waiver of Jury Trial. Each party hereto hereby waives, to the fullest extent permitted by applicable law, any right it
may have to a trial by jury in any legal proceeding directly or indirectly arising out of or relating to this Agreement, any other Loan Document or the transactions contemplated hereby (whether based on contract, tort or any other theory). Each
party hereto (a) certifies that no representative, agent or attorney of any other party has represented, expressly or otherwise, that such other party would not, in the event of litigation, seek to enforce the foregoing waiver and
(b) acknowledges that it and the other parties hereto have been induced to enter into this Agreement by, among other things, the mutual waivers and certifications in this Section. 
 SECTION 11.11 Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only,
are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 
 SECTION 11.12 Confidentiality. Each of the Administrative Agent, the Issuing Banks and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed
(a) to its and its Affiliates’ and Lender Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and other advisors (it being understood that the persons to whom such disclosure is made will be
informed of the confidential nature of such Information and instructed to keep such Information confidential pursuant to the terms hereof), (b) to the extent requested by any regulatory authority, (c) to the extent required by applicable
laws or regulations or by any subpoena or similar legal process, (d) to any other party to this Agreement, (e) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or any
other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section 11.12, to (i) any assignee of or Participant in, or any
prospective assignee of or Participant in, any of its rights or obligations under this Agreement, (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to Borrower and its obligations or
(iii) any rating agency for the purpose 

  

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of obtaining a credit rating applicable to any Loan or Loan Party, (g) with the consent of Borrower or (h) to the extent such Information
(i) is publicly available at the time of disclosure or becomes publicly available other than as a result of a breach of this Section or (ii) becomes available to the Administrative Agent, any Issuing Bank or any Lender on a nonconfidential
basis from a source other than Borrower or any Subsidiary. For the purposes of this Section, “Information” means all information received from Borrower or any Subsidiary relating to Borrower or any Subsidiary or its business that is
clearly identified at the time of delivery as confidential, other than any such information that is available to the Administrative Agent, any Issuing Bank or any Lender on a nonconfidential basis prior to disclosure by Borrower or any Subsidiary.
Any person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such person has exercised the same degree of care to maintain the confidentiality of
such Information as such person would accord to its own confidential information. 
 SECTION 11.13 Interest Rate
Limitation. Notwithstanding anything herein to the contrary, if at any time the interest rate applicable to any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable law
(collectively, the “Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”) which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with
applicable law, the rate of interest payable in respect of such Loan hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been
payable in respect of such Loan but were not payable as a result of the operation of this Section shall be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the
Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender. 
 SECTION 11.14 Lender Addendum. Each Lender to become a party to this Agreement on the date hereof shall do so by delivering to the
Administrative Agent a Lender Addendum duly executed by such Lender, Borrower and the Administrative Agent. 
 SECTION 11.15
Obligations Absolute. To the fullest extent permitted by applicable law, all obligations of the Loan Parties hereunder shall be absolute and unconditional irrespective of: 
 (a) any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation or the like of any Loan Party;

 (b) any lack of validity or enforceability of any Loan Document or any other agreement or instrument relating thereto
against any Loan Party; 
 (c) any change in the time, manner or place of payment of, or in any other term of, all or any of
the Obligations, or any other amendment or waiver of or any consent to any departure from any Loan Document or any other agreement or instrument relating thereto; 
 (d) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to any departure
from any guarantee, for all or any of the Obligations; 
 (e) any exercise or non-exercise, or any waiver of any right,
remedy, power or privilege under or in respect hereof or any Loan Document; or 
  

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 (f) any other circumstances which might otherwise constitute a defense available to, or a
discharge of, the Loan Parties (other than indefeasible payment in full in cash). 
 SECTION 11.16 Amendment and
Restatement. The parties hereto agree that (i) this Agreement amends and restates in its entirety the First Amended and Restated Credit Agreement which had amended and restated the Original Credit Agreement and (ii) references to
the “Credit Agreement” in the other Loan Documents shall be considered references to this Agreement. Notwithstanding the foregoing or any other provision hereof, this Agreement does not constitute a novation of either the First Amended and
Restated Credit Agreement or the Original Credit Agreement or serve to terminate Section 11.03 of the First Amended and Restated Credit Agreement or Original Credit Agreement or any of Borrower’s obligations thereunder. 

[Signature Pages Follow] 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their respective
authorized officers as of the day and year first above written. 
  

					
	 INTERNATIONAL COAL GROUP, INC.

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Assistant Secretary and Treasurer

	
	 ICG, LLC

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Assistant Secretary and Treasurer

	
	 ANKER COAL GROUP, INC.

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President and Treasurer

	
	 ANKER GROUP, INC.

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Treasurer and Assistant Secretary

	
	 ANKER POWER SERVICES, INC.

		
	 By:
	 	 /s/ Roger L. Nicholson

		 	 Name:
	 	 Roger L. Nicholson

		 	 Title:
	 	 Secretary

	
	 BRONCO MINING COMPANY, INC.

		
	 By:
	 	 /s/ Roger L. Nicholson

		 	 Name:
	 	 Roger L. Nicholson

		 	 Title:
	 	 Secretary

  

 S-1 

					
	 COALQUEST DEVELOPMENT LLC

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Treasurer and Assistant Secretary

	
	 HAWTHORNE COAL COMPANY, INC.

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Treasurer and Assistant Secretary

	
	 HEATHER GLEN RESOURCES, INC.

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Treasurer and Assistant Secretary

	
	 HUNTER RIDGE COAL COMPANY

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Treasurer and Assistant Secretary

	
	 ICG ADDCAR SYSTEMS, LLC

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Treasurer and Assistant Secretary

  

 S-2 

					
	 ICG BECKLEY, LLC

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Assistant Secretary

	
	 ICG EAST KENTUCKY, LLC

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Secretary and Treasurer

	
	 ICG EASTERN, LLC

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Secretary and Treasurer

	
	 ICG EASTERN LAND, LLC

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Assistant Secretary and Treasurer

	
	 ICG HAZARD, LLC

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Secretary and Treasurer

	
	 ICG HAZARD LAND, LLC

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Assistant Secretary and Treasurer

  

 S-3 

					
	 ICG ILLINOIS, LLC

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Secretary and Treasurer

	
	 ICG, INC.

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Assistant Secretary and Treasurer

	
	 ICG KNOTT COUNTY, LLC

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Secretary and Treasurer

	
	 ICG NATURAL RESOURCES, LLC

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Assistant Secretary and Treasurer

	
	 ICG TYGART VALLEY, LLC

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Assistant Secretary and Treasurer

	
	 JULIANA MINING COMPANY, INC.

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President and Treasurer

  

 S-4 

					
	 KING KNOB COAL CO., INC.

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Treasurer and Assistant Secretary

	
	 MARINE COAL SALES COMPANY

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Treasurer and Assistant Secretary

	
	 MELROSE COAL COMPANY, INC.

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Treasurer and Assistant Secretary

	
	 NEW ALLEGHENY LAND HOLDING COMPANY,
 INC.

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Treasurer and Assistant Secretary

	
	 PATRIOT MINING COMPANY, INC.

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Treasurer and Assistant Secretary

  

 S-5 

					
	 SIMBA GROUP, INC.

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Treasurer and Assistant Secretary

	
	 UPSHUR PROPERTY, INC.

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Treasurer and Assistant Secretary

	
	 VANTRANS, INC.

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Treasurer and Assistant Secretary

	
	 VINDEX ENERGY CORPORATION

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Treasurer and Assistant Secretary

	
	 WHITE WOLF ENERGY, INC.

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Treasurer and Assistant Secretary

  

 S-6 

					
	 WOLF RUN MINING COMPANY

		
	 By:
	 	 /s/ William D. Campbell

		 	 Name:
	 	 William D. Campbell

		 	 Title:
	 	 Vice President, Treasurer and Assistant Secretary

  

 S-7 

			
	 J.P. MORGAN SECURITIES INC., as an Arranger

	 and a Bookrunner

		
	 By:
	 	 /s/ Gary L. Spevack

		 	 Name: Gary L. Spevack

		 	 Title:   Vice President

  

 S-8 

			
	 BANK OF AMERICA, N.A., as a Documentation

	 Agent and Issuing Bank

		
	 By:
	 	 /s/ Robert D. Valbona

		 	 Name: Robert D. Valbona

		 	 Title:   Managing Director

  

 S-9 

			
	 UBS SECURITIES LLC, as an Arranger and a

	 Bookrunner

		
	 By:
	 	 /s/ William A. Roche

		 	 Name: William A. Roche

		 	 Title:   Executive Director

		
	 By:
	 	 /s/ Wendy P. Field

		 	 Name: Wendy P. Field

		 	 Title:   Managing Director

  

 S-10 

			
	 UBS AG, LOAN FINANCE LLC, as Swingline Lender

		
	 By:
	 	 /s/ Richard L. Tavrow

		 	 Name: Richard L. Tavrow

		 	 Title:   Director Banking Products Services, US

		
	 By:
	 	 /s/ Irja R. Otsa

		 	 Name: Irja R. Otsa

		 	 Title:   Associate Director Banking Products        Services, US

  

 S-11 

			
	 UBS AG, STAMFORD BRANCH, as Issuing Bank,

	 Administrative Agent and Collateral Agent

		
	 By:
	 	 /s/ Richard L. Tavrow

		 	 Name: Richard L. Tavrow

		 	 Title:   Director Banking Products Services, US

		
	 By:
	 	 /s/ Irja R. Otsa

		 	 Name: Irja R. Otsa

		 	 Title:   Associate Director Banking Products        Services, US

  

 S-12 

			
	 CIT CAPITAL USA INC., as a Syndication Agent

		
	 By:
	 	 /s/ R.G. Wilson, II

		 	 Name: R.G. Wilson, II

		 	 Title:   Senior Vice President

		
	 By:
	 	 /s/ Robert W. Sexton

		 	 Name: Robert W. Sexton

		 	 Title:   Senior Vice President

  

 S-13 

			
	 WACHOVIA BANK, N.A., as a Documentation Agent

		
	 By:
	 	 /s/ Kent S. Davis

		 	 Name: Kent S. Davis

		 	 Title:   Managing Director

  

 S-14 

 Annex I 
 Applicable Margin and Applicable Fee 
 Applicable Margin for Revolving Loans,
Swingline Loans and LC Participation Fee 
  

							
	 	  	 Revolving Loans and Swingline Loans
 (and LC Participation Fee)
	 
	 Leverage Ratio*
	  	Eurodollar	 	 	ABR	 
	 Level I
 >2.50:1.0
	  	2.25	%	 	1.25	%
	 Level II
 <2.50:1.0 but
 >2.00:1.0
	  	2.00	%	 	1.00	%
	 Level III
 <2.00:1.0
	  	1.75	%	 	0.75	%

 Applicable Fee 
  

				
	 Leverage Ratio*
	  	Applicable
Fee	 
	 Level I
 >2.00:1.0
	  	0.50	%
		
	 Level II
 <2.00:1.0
	  	0.375	%

 Each change in the Applicable Margin or Applicable Fee resulting from a change in the Leverage
Ratio shall be effective with respect to all Loans and Letters of Credit outstanding on and after the date of delivery to the Administrative Agent of the Exchange Act reports (or financial statements, as applicable) and certificates required by
Section 5.01(a) or (b) and Section 5.01(c), respectively, indicating such change until the date immediately preceding the next date of delivery of such financial statements and certificates indicating another such
change, commencing with the first fiscal quarter of Borrower ending at least six months after the Second Restatement Date. Notwithstanding the foregoing, (i) for the purpose of determining the Applicable Margin from the Second Restatement Date
to the date of delivery 
  

	*	Note: Neither (i) cash charges reducing Consolidated Net Income incurred (directly, or otherwise) in connection with the Sago Mine Incident and the Viper Mine Incident nor
(ii) extraordinary, non-recurring cash charges for any twelve-month period following the twelve-month period in which the Sago Mine Incident and/or the Viper Mine Incident occurred are added to Consolidated EBITDA for the purposes of
calculating the Leverage Ratio to determine the Applicable Margin and the Commitment Fee pursuant to this Annex I. 

 
to the Administrative Agent of the Exchange Act reports and certificates required by Section 5.01(a) or (b) and
Section 5.01(c), respectively, the Leverage Ratio shall be deemed to be in Level II and (ii) in any event, the Leverage Ratio shall be deemed to be in Level I (a) at any time during which Borrower has failed to deliver the
Exchange Act reports (or financial statements, as applicable) and certificates required by Section 5.01(a) or (b) and Section 5.01(c), respectively, and (b) at any time during the existence of an Event of
Default.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}]]