Document:

exv10w25

Exhibit 10.25

TENNESSEE VALLEY AUTHORITY 

COAL ACQUISITION & SUPPLY

1101 Market Street, MR 2A

Chattanooga, Tennessee 37402-2801

CONTRACT SUPPLEMENT

	 	 	 	 	 	 	 	 	 

	TO:

	 	Armstrong Coal Company Inc
	 	Supplement No.
	 	1	 
	 

	 	7701 Forsyth Boulevard 10th Floor
	 	Date
	 	March 30, 2009

	 

	 	St. Louis MO 63105
	 	Group No.
	 	635	 
	 

	 	 	 	Contract No.
	 	40685	 
	 

	 	 	 	Plant
	 	Various

	 

	 	 	 	Name of Mine
	 	Parkway

Attention Mr. Martin Wilson

Per an agreement between Kenny Allen and TVA per phone discussion on 3/13/2009.

Armstrong Coal Company Inc. shall provide sampling and weighing services for coal shipped by
truck from the Parkway mine to TVA’s Paradise Fossil Plant.

Section 7.01 shall be amended to designate “Contractor Sampling/contractor Analysis Section
7.2” for coal shipped by truck to TVA’s Paradise Fossil
Plant.

The coal price shall be increased by $0.20 per ton to cover the cost for the sampling and
weighing requirement required to provide these services.

TVA reserves the right to modify this agreement with respect to which party performs the
sampling and weighing of truck coal with a 30 days written notice by supplement to Armstrong
Coal Company Inc. In the event TVA exercises this option the Contract price of coal shall be
reduced by $0.20 per ton.

The Base Price as prescribed in Section 6 of the Contract shall not be affected by this
supplement. Quality adjustments shall be calculated on the Base Price as defined in Section 6.0
Price of the Contract.

All other terms and conditions of the Contract remain unchanged.

Please complete the acceptance below and return a signed copy of this contract supplement to
this office. You should retain the other signed copy for your files.

In the event Contractor fails to execute this Supplement in the acceptance space
provided below or fails to return such executed Supplement to TVA, shipment of coal to TVA
following the date of Contractor’s receipt of this Supplement shall constitute an acceptance by
Contractor of all the terms and conditions of this Supplement, unless within five (5) business
days of the date of receipt of this Supplement, Contractor notifies TVA, both orally and in
writing that this Supplement is not accepted.

cc: Tate Rich, President

Delta Coals, LLC

95 White Bridge Road #404

Nashville Tennessee 37205

 

 

	 	 	 	 	 	 	 

	Accepted

	 	Armstrong Coal Co.	 	TENNESSEE VALLEY AUTHORITY	 	 
	 

	 	 

          Company
	 	 	 	 
	 
	 	 	 	 	 	 
	By
	 	/s/ Martin D. Wilson	 	/s/ Eddie Spicer	 	 
	 

	 	 

Signature
	 	 

Eddie Spicer
	 	 
	 

	 	 	 	Fuel Contract Administrator	 	 
	 
	 	 	 	 	 	 
	President	 	/s/ 	 	 
	 	 	 	 	 
	Title

	 	 	 	Contract Support Specialist	 	 
	 
	 	 	 	 	 	 
	4/9/09	 	/s/ 	 	 
	 	 	 	 	 
	Date

	 	 	 	Manager of Coal Supplyexv10w26

Exhibit 10.26

Tennessee Valley Authority

Coal Acquisition & Supply

1101 Market Street, MR 2A

Chattanooga, Tennessee 37402-2801

CONTRACT SUPPLEMENT

	 	 	 	 	 	 	 	 	 

	TO:

	 	Armstrong Coal Company, Inc.
	 	Supplement No.
	 	2	 
	 

	 	7701 Forsyth Boulevard - 10th Floor
	 	Date
	 	October 9, 2009

	 

	 	St. Louis, Missouri 63105
	 	Group-Contract No.
	 	635-40685	 
	 

	 	 	 	Plant
	 	Various

	 

	 	 	 	Name of Mine
	 	Various

Attention: Mr. Martin Wilson

This confirms the October 1, 2009, agreement reached between both parties relative to freeze
proofing deliveries under the subject contracts.

As agreed, the freeze proofing products that will be applied to TVA’s shipments will be
FreeFlowFC-100 for body feed application and FreeFlowSR-300 for side car release application. Both
products are manufactured by AKJ Industries, and will be applied to coal loaded for TVA’s fossil
plants as follows:

	1.	 	Unless TVA notifies contractor otherwise, anytime the temperature at contractor’s
loading facility is below 27 degrees Fahrenheit during the loading process, contractor will
apply approximately 2 pints of FreeFlowFC-100 to each ton of coal being loaded into
railcars at Contractor’s facilities. This amount may be adjusted by mutual agreement of
the parties to reduce the risk of frozen coal being delivered to TVA’s plants. The
exception to this rule applies in the event a cooling period is moving into the area in 48
hours, dropping the temperature for an extended period of time.
	 
	2.	 	The cost to TVA for applying FreeFlowFC-100 will be $2.00 per gallon or $.50 per 2 pint
application.
	 
	3.	 	The cost to TVA for applying the side care release
application, FreeFlowSr-300, upon
TVA’s request, will be $2.80 per gallon or $.35 per 1 pint application.
	 
	4.	 	Contractor will invoice separately for the cost of applying
FreeFlowFC-100 and FreeFlowSR-300. Each invoice and all correspondence relating to the application of the freeze
conditioning substance(s) should clearly reflect the Contract number, Traffic Control
Number, and the cost of such treatment. Invoices for freeze conditioning should be sent
to the attention of Connie Gazaway at Tennessee Valley Authority, 1101 Market Street,
MR 2A, Chattanooga, Tennessee 37402-2801.
	 
	 	 	Please complete the acceptance below and return the copy of this contract supplement to
this office. You should retain the original for your file.

 

 

	 	 	In the event Contractor fails to execute this Supplement in the acceptance space provided
below or fails to return such executed Supplement to TVA, shipment of coal to TVA following
the date of Contractor’s receipt of this Supplement shall constitute an acceptance by
Contractor of all the terms and conditions of this Supplement, unless within five (5)
business days of the date of receipt of this Supplement, Contractor notifies TVA, both
orally and in writing that this Supplement is not accepted.

	 	 	 	 	 	 	 

	Accepted

	 	Armstrong Coal Co.	 	TENNESSEE VALLEY AUTHORITY	 	 
	 

	 	 	 	 	 	 
	 

	 	Company	 	 	 	 
	 
	 	 	 	 	 	 
	By

	 	/s/ Martin D. Wilson	 	/s/ Connie S. Gazaway	 	 
	 

	 	 

Signature
	 	 

Connie S. Gazaway
	 	 
	 

	 	 	 	Fuel Transportation Specialist	 	 
	 
	 	 	 	 	 	 
	President
	 	/s/ 	 	 
	 	 	 	 	 
	Title

	 	 	 	Contract Support Specialist	 	 
	 
	 	 	 	 	 	 
	11/5/09
	 	/s/ 	 	 
	 	 	 	 	 
	Date

	 	 	 	Manager of Coal Supplyexv10w27

Exhibit 10.27

TENNESSEE VALLEY AUTHORITY

COAL SUPPLY & ORIGINATION

1101 Market Street, MR 2A-C

Chattanooga, Tennessee 37402-2801

CONTRACT SUPPLEMENT

	 	 	 	 	 	 	 	 	 

	TO:

	 	Armstrong Coal Company, Inc.
	 	Supplement No.
	 	3	 
	 

	 	7701 Forsyth Boulevard - 10th Floor
	 	Date
	 	October 15, 2010

	 

	 	St. Louis, Missouri 63105
	 	Group-Contract No.
	 	635-40685	 
	 

	 	 	 	Plant
	 	Paradise

	 

	 	 	 	Name of Mine
	 	Parkway

Attention: Mr. Martin Wilson

This confirms the following recent agreement between the parties, involving Tate Rich
representing Armstrong Coal Company, Inc. (“Armstrong”), and Connie Gazaway representing TVA:

1. TVA has
claimed Force Majeure on 103,840 tons of coal under Group-Contract
No. 635-40685 at
Paradise Fossil Plant (“Plant”) in calendar year 2010 due to events at the Plant. TVA and
Armstrong have mutually agreed to ship these tons in the 4th quarter of calendar year 2010 at a
price reduction of $5.00 per ton or $51.71 per ton.

All other terms and conditions of the contract remain unchanged.

Please complete the acceptance below and return a signed copy of this contract supplement to
this office. You should retain the other signed copy for your files.

	 	 	 	 	 	 	 

	Accepted

	 	Armstrong Coal Co.	 	TENNESSEE VALLEY AUTHORITY	 	 
	 

	 	 

Company
	 	 	 	 
	 
	 	 	 	 	 	 
	By
	 	/s/ Martin D. Wilson	 	/s/ Connie S. Gazaway	 	 
	 

	 	 

Signature
	 	 

Connie S. Gazaway
	 	 
	 

	 	 	 	Senior Fuel Transportation Specialist	 	 
	 
	 	 	 	 	 	 
	President
	 	/s/ 	 	 
	 	 	 	 	 
	Title

	 	 	 	Contract Support Specialist	 	 
	 
	 	 	 	 	 	 
	10/27/10
	 	/s/ 	 	 
	   	 	 	 	 
	Date

	 	 	 	Manager of Coal Supply	 	 

TVA SENSITIVE INFORMATIONexv10w28

Exhibit 10.28

Tennessee Valley Authority

Coal Supply & Origination

1101 Market Street, MR 2A

Chattanooga, Tennessee 37402-2801

CONTRACT SUPPLEMENT

	 	 	 	 	 	 	 	 	 

	TO:

	 	Armstrong Coal Company, Inc.
	 	Supplement No.
	 	4	 
	 

	 	7701 Forsyth Boulevard - 10th Floor
	 	Date
	 	July 8, 2011

	 

	 	St. Louis, Missouri 63105
	 	Group-Contract No.
	 	635-40685	 
	 

	 	 	 	Plant
	 	Paradise

Attention: Mr. Martin Wilson

As a result of reopener negotiations, TVA and Armstrong Coal Company, Inc., (“Armstrong”) hereby
agree to the following modifications to Group-Contract No. 635-40685 (the Contract).

	 	1.	 	Section 2.1.1 of the Contract is hereby amended with respect to the Base Tonnage
quantities of coal to be sold and purchased during Contract Year #4 (2012) and Contract
Year #5 (2013) by adding the following new paragraph as the last paragraph in Section
2.1.1:
	 
	 	 	 	“Notwithstanding the foregoing or any other provision of this Contract to the contrary, TVA
may, in its sole discretion, (1) elect to reduce or increase the Contract Year #4 (2012)
Base Tonnage by up to ten percent (10%), and/or (2) elect to reduce or increase the
Contract Year #5 (2013) Base Tonnage by up to ten percent (10%). If TVA elects to exercise
this right regarding the Base Tonnage, it may specify Base Tonnage that is no lower than
900,000 tons and no greater than 1,100,000 tons for Contract Year #4 (2012) and/or Contract
Year #5 (2013). TVA must provide written notice (letter or e-mail) of its election to
Contractor no later than June 1, 2012, with respect to the Base Tonnage for Contract Year
2012 and no later than June 1, 2013, with respect to the Base Tonnage for Contract Year
2013. Following timely receipt of notice of TVA’s election, the remaining undelivered Base
Tonnage shall be delivered ratably during the remainder of the relevant Contract Year or as
TVA and Contractor may otherwise agree in writing. Any reductions in the Base Tonnage made,
at TVA’s election pursuant to this paragraph, shall not be made up or rescheduled.
	 
	 	2.	 	Section 6.0 of the Contract is hereby amended with respect to the price specified for
Contract Year #4 (2012) and Contract Year #5 (2013) by deleting the prices specified for
those Contract Years in Section 6.0 and replacing the deleted Contract Year #4 and
Contract Year #5 prices with the following new prices:

	 	 	 	 	 	 	 

	Contract Year #4

	 	 	2012	 	 	$54.25* f.o.b. PAF
	 
	 	 	 	 	 	 
	Contract Year #5

	 	 	2013	 	 	$55.88* f.o.b. PAF

TVA RESTRICTED INFORMATION

Page 1 of 2

 

	*	 	Note: The stated Base Price for Contract Year #4 and Contract Year #5 on Page 1 is
not subject to any further automatic price escalation. The immediately preceding sentence
is not meant to and does not prevent price adjustments that may be made pursuant to
Contract Section 8.0, Adjustment for Quality, and/or Section 10.2. Contract Cost
Reimbursements (Law Change Assessments Costs).

	 	3.	 	All other conditions of the Contract remain unchanged and in full force and effect.

	 	 	 	 	 	 	 	 

	Accepted

	 	Armstrong Coal Co.	 	Tennessee Valley Authority	 	 
	 

	 	 

          (Company)
	 	 	 

	 	 
	 
	 	 	 	 	 	 	 
	By

	 	/s/ Martin D. Wilson	 	By 	/s/ Connie S. Gazaway	 	 
	 

	 	 

	 	 	 

	 	 
	 

	 	 

	 	 

Connie S. Gazaway
	 	 
	 

	 	 	 	Asset Management Specialist (Senior)	 	 
	 
	 	 	 	 	 	 	 
	Title
	 	President	 	/s/ 	 	 
	 

	 	 

	 	 

Manager, Coal Acquisition
	 	 
	 
	 	 	 	 	 	 	 
	Date
	 	7/13/11	 	 	 	 	 
	

	 	 

	 	 	 	 	 

TVA RESTRICTED INFORMATION

Page 2 of 2

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