Document:

Exhibit 10.1

 

Execution Version

 

SECOND AMENDMENT TO THE ASSET PURCHASE AGREEMENT

 

This SECOND AMENDMENT TO ASSET PURCHASE AGREEMENT (this “Amendment”), dated as of October 21, 2019, by and among Navajo Transitional Energy Company, LLC, a Navajo Nation limited liability company (“Purchaser”), Cloud Peak Energy Inc., a Delaware corporation (the “Company”), and the Additional Sellers (together with the Company, the “Sellers” and each entity individually a “Seller”). Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Purchase Agreement (as defined below).

 

RECITALS:

 

A.                                    The parties hereto are parties to that certain Asset Purchase Agreement, dated as of August 19, 2019, as amended by that First Amendment to the Asset Purchase Agreement, dated as of September 30, 2019 (as may be amended, supplemented or otherwise modified, the “Purchase Agreement”).

 

B.                                    The parties hereto desire to amend the Purchase Agreement as hereinafter set forth.

 

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements set forth in this Amendment and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:

 

1.1                               Amendments to the Purchase Agreement. The Purchase Agreement is hereby amended as follows:

 

(a)                                 Section 2.1(b)(v) of the Purchase Agreement is hereby amended and restated in its entirety as follows: “(v) subject to Section 8.15 to the extent applicable to the relevant Purchased Contracts, the Contracts, including those listed on Schedule 2.1(b)(v), that are unexpired as of the Closing Date (collectively, the “Purchased Contracts”), in each case as each such Contract may have been amended or otherwise modified prior to the date of (or as permitted in accordance with the terms of) this Agreement;”.

 

(b)                                 Section 2.2(f) of the Purchase Agreement is hereby amended and restated in its entirety as follows: “(f) subject to Section 2.1(b)(xii), and except as set forth on Section 2.1(b)(v) of the Disclosure Schedules, all insurance policies of Sellers;”.

 

(c)                                  The following paragraph is hereby added to the Purchase Agreement as Section 8.15:

 

“8.15                  Certain Insurance Matters.  The parties acknowledge that (a) except as otherwise set forth herein, the insurance policies governing the Sellers and the Business will remain with Sellers following the Closing and (b) certain of such policies are being assigned to the Purchaser pursuant to Section 2.1(b)(v) (the “Assigned Policies”); provided that, for the avoidance of doubt, after the Closing, Sellers shall retain coverage thereunder with respect to occurrences affecting the Sellers or the Business prior to the Closing Date (subject to deductibles, self-insured retentions and policy limits thereof). Following the

 

 

Closing Date, (i) Sellers shall be entitled to independently make and manage claims under such Assigned Policies arising from loss, damage or casualty that occurred prior to the Closing Date, and shall be entitled to negotiate, communicate and deal directly with brokers, insurers and claims adjusters in respect of such insurance (including with respect to settlement) and (ii) any claim paid by the insurers on such claims shall be paid solely to the applicable Seller(s); provided that the Purchaser shall reasonably cooperate with respect to the preparation, negotiation and resolution of any claims made by any Seller under the Assigned Policies. At the Closing, the Purchaser shall reimburse the Sellers for the portion of the premiums Sellers paid for the Assigned Policies for the period beginning (and including) the day after Closing Date through (and including) the date of expiration of such Assigned Policies. In addition, in support of (but not satisfaction of) the Purchaser’s obligations pursuant to Section 8.6(d), until the expiration of the Interim Period, Purchaser shall name the Sellers as additional insured parties on the Purchaser’s general liability and excess liability insurance policies with respect to the Purchased Assets.”

 

(d)                                 Section 11.1(b) of the Purchase Agreement is hereby amended to and restated in its entirety as follows: “(b)     Anything to the contrary in the foregoing notwithstanding, the obligations of the Parties set forth in Sections 2.7, 8.6, 8.8, 8.10, 8.12, 8.14 and 8.15 of this Agreement shall survive the Closing and continue until fully discharged by the relevant Party.”

 

(e)                                  Exhibit E attached to the Purchase Agreement is hereby deleted in its entirety and replaced with Exhibit E attached hereto.

 

(f)                                   Each of Schedule 1.1(b), Schedule 2.1(b)(v) and Schedule 2.2(n) attached to the Purchase Agreement are hereby deleted in their entirety and replaced with Schedule 1.1(b), Schedule 2.1(b)(v) and Schedule 2.2(n) attached hereto.

 

1.2                               Effect of Amendment; Effectiveness; Ratification. All references to the Purchase Agreement in any document, instrument, agreement or writing delivered pursuant to the Purchase Agreement (as amended hereby), shall hereafter be deemed to refer to the Purchase Agreement as amended hereby. This Amendment shall not be deemed, either expressly or impliedly, to waive, amend or supplement any provision of the Purchase Agreement other than as specifically set forth herein. This Amendment shall not be effective until approved by order of the Bankruptcy Court. The Purchase Agreement as amended by this Amendment, is hereby ratified and confirmed in all respects.

 

1.3                               Entire Agreement; Amendment. This Amendment and the Purchase Agreement represent the entire understanding and agreement between the Parties with respect to the subject matter hereof and thereof, and supersede all prior discussions and agreements between the Parties with respect to the subject matter hereof and thereof. This Amendment can be amended, supplemented or changed, and any provision hereof can be waived, only by written instrument making specific reference to this Amendment signed by the Party against whom enforcement of any such amendment, supplement, modification or waiver is sought.

 

1.4                               Conflicts. This Amendment amends and supplements the terms and conditions of the Purchase Agreement. If any provision of this Amendment is construed to conflict with any

 

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provision of the Purchase Agreement (except as otherwise expressly provided in this Amendment), the provisions of this Amendment shall be deemed controlling to the extent of that conflict.

 

1.5                               Counterparts. This Amendment may be executed in any number of counterparts, each of which will be deemed to be an original copy of this Agreement and all of which, when taken together will be deemed to constitute on and the same agreement.

 

1.6                               Jurisdiction; Waiver of Right to Trial by Jury; Governing Law. The provisions of Sections 11.4, 11.5 and 11.7 of the Purchase Agreement shall apply mutatis mutandis to this Amendment.

 

1.7                               Captions. The captions used in this Amendment are for convenience of reference only and do not constitute a part of this Amendment and will not be deemed to limit, characterize or in any way affect any provision of this Amendment, and all provisions of this Amendment will be enforced and construed as if no caption had been used in this Amendment.

 

1.8                               Severability. If any term or other provision of this Amendment is invalid, illegal, or incapable of being enforced by any Law or public policy, all other terms or provisions of this Amendment will nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby are not affected in any manner materially adverse to any Party. Upon such determination that any term or other provision is invalid, illegal, or incapable of being enforced, the Parties will negotiate in good faith to modify this Amendment so as to effect the original intent of the Parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby are consummated as originally contemplated to the greatest extent possible.

 

[Signature pages follow]

 

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IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed by their respective officers thereunto duly authorized, as of the date hereof.

 

	
 
    	
PURCHASER:
    
	
 
    	
 
    
	
 
    	
NAVAJO   TRANSITIONAL ENERGY COMPANY, LLC
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Clark   Moseley
    
	
 
    	
 
    	
Name:   Clark Moseley
    
	
 
    	
 
    	
Title:   Chief Executive Officer
    

 

Signature Page to Second Amendment to Asset Purchase Agreement

 

 

	
 
    	
COMPANY:
    
	
 
    	
 
    
	
 
    	
CLOUD   PEAK ENERGY INC.
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Heath   A. Hill
    
	
 
    	
 
    	
Name:   Heath A. Hill
    
	
 
    	
 
    	
Title: Executive   Vice President and Chief Financial Officer
    

 

Signature Page to Second Amendment to Asset Purchase Agreement

 

 

	
ADDITIONAL SELLERS:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Antelope Coal LLC
    	
 
    	
Arrowhead I LLC
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Heath A. Hill
    	
 
    	
By:
    	
/s/ Heath A. Hill
    
	
Name: Heath A. Hill
    	
 
    	
Name: Heath A. Hill
    
	
Title: Executive Vice President   and Chief Financial Officer
    	
 
    	
Title: Executive Vice President   and Chief Financial Officer
    
	
 
    	
 
    	
 
    
	
Arrowhead II LLC
    	
 
    	
Arrowhead III LLC
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Heath A. Hill
    	
 
    	
By:
    	
/s/ Heath A. Hill
    
	
Name: Heath A. Hill
    	
 
    	
Name: Heath A. Hill
    
	
Title: Executive Vice President   and Chief Financial Officer
    	
 
    	
Title: Executive Vice President   and Chief Financial Officer
    
	
 
    	
 
    	
 
    
	
Big Metal Coal Co. LLC
    	
 
    	
Caballo Rojo LLC
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Heath A. Hill
    	
 
    	
By:
    	
/s/ Heath A. Hill
    
	
Name: Heath A. Hill
    	
 
    	
Name: Heath A. Hill
    
	
Title: Executive Vice President   and Chief Financial Officer
    	
 
    	
Title: Executive Vice President   and Chief Financial Officer
    
	
 
    	
 
    	
 
    
	
Caballo Rojo Holdings LLC
    	
 
    	
Cloud Peak Energy Finance Corp.
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Heath A. Hill
    	
 
    	
By:
    	
/s/ Heath A. Hill
    
	
Name: Heath A. Hill
    	
 
    	
Name: Heath A. Hill
    
	
Title: Executive Vice President   and Chief Financial Officer
    	
 
    	
Title: Executive Vice President   and Chief Financial Officer
    
	
 
    	
 
    	
 
    
	
Cloud Peak Energy Logistics LLC
    	
 
    	
Cloud Peak Energy Logistics I LLC
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Heath A. Hill
    	
 
    	
By:
    	
/s/ Heath A. Hill
    
	
Name: Heath A. Hill
    	
 
    	
Name: Heath A. Hill
    
	
Title: Executive Vice President   and Chief Financial Officer
    	
 
    	
Title: Executive Vice President   and Chief Financial Officer
    
	
 
    	
 
    	
 
    
	
Cloud Peak Energy Resources LLC
    	
 
    	
Cloud Peak Energy Services   Company
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Heath A. Hill
    	
 
    	
By:
    	
/s/ Heath A. Hill
    
	
Name: Heath A. Hill
    	
 
    	
Name: Heath A. Hill
    
	
Title: Executive Vice President   and Chief Financial Officer
    	
 
    	
Title: Executive Vice President   and Chief Financial Officer
    

 

Signature Page to Second Amendment to Asset Purchase Agreement

 

 

	
Cordero Mining LLC
    	
 
    	
Cordero Mining Holdings LLC
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Heath A. Hill
    	
 
    	
By:
    	
/s/ Heath A. Hill
    
	
Name: Heath A. Hill
    	
 
    	
Name: Heath A. Hill
    
	
Title: Executive Vice President   and Chief Financial Officer
    	
 
    	
Title: Executive Vice President   and Chief Financial Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Kennecott Coal Sales LLC
    	
 
    	
NERCO LLC
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Heath A. Hill
    	
 
    	
By:
    	
/s/ Heath A. Hill
    
	
Name: Heath A. Hill
    	
 
    	
Name: Heath A. Hill
    
	
Title: Executive Vice President   and Chief Financial Officer
    	
 
    	
Title: Executive Vice President   and Chief Financial Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
NERCO Coal LLC
    	
 
    	
NERCO Coal Sales LLC
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Heath A. Hill
    	
 
    	
By:
    	
/s/ Heath A. Hill
    
	
Name: Heath A. Hill
    	
 
    	
Name: Heath A. Hill
    
	
Title: Executive Vice President   and Chief Financial Officer
    	
 
    	
Title: Executive Vice President   and Chief Financial Officer
    
	
 
    	
 
    	
 
    
	
Prospect Land and Development LLC
    	
 
    	
Resource Development LLC
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Heath A. Hill
    	
 
    	
By:
    	
/s/ Heath A. Hill
    
	
Name: Heath A. Hill
    	
 
    	
Name: Heath A. Hill
    
	
Title: Executive Vice President   and Chief Financial Officer
    	
 
    	
Title: Executive Vice President   and Chief Financial Officer
    
	
 
    	
 
    	
 
    
	
Spring Creek Coal LLC
    	
 
    	
Western Minerals LLC
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Heath A. Hill
    	
 
    	
By:
    	
/s/ Heath A. Hill
    
	
Name: Heath A. Hill
    	
 
    	
Name: Heath A. Hill
    
	
Title: Executive Vice President   and Chief Financial Officer
    	
 
    	
Title: Executive Vice President   and Chief Financial Officer
    
	
 
    	
 
    	
 
    
	
Youngs Creek Holdings I LLC
    	
 
    	
Youngs Creek Holdings II LLC
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Heath A. Hill
    	
 
    	
By:
    	
/s/ Heath A. Hill
    
	
Name: Heath A. Hill
    	
 
    	
Name: Heath A. Hill
    
	
Title: Executive Vice President   and Chief Financial Officer
    	
 
    	
Title: Executive Vice President   and Chief Financial Officer
    

 

Signature Page to Second Amendment to Asset Purchase Agreement

 

 

	
Youngs Creek Mining Company, LLC
    	
 
    	
Sequatchie Valley Coal   Corporation
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Heath A. Hill
    	
 
    	
By:
    	
/s/ Heath A. Hill
    
	
Name: Heath A. Hill
    	
 
    	
Name: Heath A. Hill
    
	
Title: Executive Vice President   and Chief Financial Officer
    	
 
    	
Title: Executive Vice President   and Chief Financial Officer
    
	
Title:
    	
 
    	
Title:
    
	
 
    	
 
    	
 
    
	
Cordero Oil and Gas LLC
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Heath A. Hill
    	
 
    
	
Name: Heath A. Hill
    	
 
    	
 
    
	
Title: Executive Vice President and Chief Financial Officer
    	
 
    	
 
    

 

Signature Page to Second Amendment to Asset Purchase Agreement

 

 

EXHIBIT E

 

[See attached.]

 

 

Exhibit E

 

Term Sheet for $40.0 Million Promissory Note

 

	
TERM
    	
 
    	
SUMMARY
    
	
 
    	
 
    	
 
    
	
Amount
    	
 
    	
·                  $40,000,000

 

·                  If   the Note is not repaid in full (i) on the first anniversary of the   closing date, the principal amount will be increased by an additional   $1,000,000, (ii) on the second anniversary of the closing date, the   principal amount will be increased by an additional $2,000,000, (iii) on   the third anniversary of the closing date, the principal amount will be   increased by an additional $3,000,000, and (iv) on the fourth   anniversary of the closing date, the principal amount will be increased by an   additional $3,000,000,
    
	
 
    	
 
    	
 
    
	
Payor
    	
 
    	
·                  Purchaser
    
	
 
    	
 
    	
 
    
	
Payee/Structure
    	
 
    	
·                  Either,   at the option of the Payee, (i) the Company with immediate assignment to   its DIP Lenders and Senior Secured Lenders or (ii) a newly formed entity   formed by the DIP and Senior Secured Lenders. The structure of Payor and   Payee, including for tax purposes, shall be acceptable to the DIP Lenders and   Senior Secured Lenders in all respects.
    
	
 
    	
 
    	
 
    
	
Loan Parties
    	
 
    	
·                  Payor   and all Subsidiaries of the Payor (“Payor Subsidiaries”)
    
	
 
    	
 
    	
 
    
	
Interest
    	
 
    	
·                  Interest   rate: 9.0% per annum payable in cash each quarter

 

·                  Default   rate: Additional 3.0% per annum, payable in cash on demand
    
	
 
    	
 
    	
 
    
	
Amortization
    	
 
    	
·                  $2,000,000   quarterly through maturity
    
	
 
    	
 
    	
 
    
	
Mandatory Prepayments
    	
 
    	
·                  Prepayments   required from 100% of extraordinary receipts and asset sale proceeds
    
	
 
    	
 
    	
 
    
	
Maturity
    	
 
    	
·                  Five-year   note maturing five years from closing on the sale of the CPE Assets to   Purchaser

 

·                  All   outstanding principal and accrued and unpaid interest must be paid in cash at   maturity
    
	
 
    	
 
    	
 
    
	
Payments
    	
 
    	
·                  All   payments must be received by 12 noon New York City time

 

·                  Payor   may prepay all or any part of the principal amount without prepayment penalty   or premium

 

·                  The   indebtedness evidenced by the note shall not be subject to setoff, reduction   or any counterclaim by any of the Loan Parties
    
	
 
    	
 
    	
 
    
	
Collateral
    	
 
    	
·                  None
    

 

 

	
TERM
    	
 
    	
SUMMARY
    
	
 
    	
 
    	
 
    
	
Events of Default
    	
 
    	
Typical and customary events of default with respect to the Loan   Parties, acceptable to the Payee and its counsel, including, without   limitation:

 

·                  A   Loan Party fails to pay any amount when due under any Loan Document, subject   to mutually agreed cure period

 

·                  A   Loan Party commences a voluntary bankruptcy

 

·                  An   involuntary bankruptcy is commenced against a Loan Party

 

·                  A   trustee, receiver, assignee, liquidator or similar official is appointed for   a Loan Party or a majority of a Loan Party’s assets

 

·                  The   dissolution, termination of existence, cessation of a substantial part of the   business of the Payor or any material Subsidiary

 

·                  Any   event or condition occurs that results in any material debt (amounts to be   determined) of a Loan Party becoming due prior to its stated maturity or that   enables or permits a holder of such debt to cause such debt to be come due   and payable prior to its scheduled maturity

 

·                  One   or more material judgments shall be rendered against a Loan Party and shall   remain undischarged for a period of time to be determined during which   execution is not stayed and/or an appeal bond is posted

 

·                  Any   default or event of default occurs under any Loan Document, subject to   mutually agreed cure periods

 

·                  Any   representation or warranty by a Loan Party in a Loan Document is untrue in   any material respect on the date on which made, deemed made or confirmed

 

·                  A   Loan Party fails to comply with covenants in any Loan Document, subject to   mutually agreed materiality and cure provisions

 

·                  Any   Loan Document shall cease to be enforceable or in full force and effect

 

·                  ERISA   defaults

 

·                  Change   of Control

 

·                  Certain   events with respect to key management employees, including loss/departure of   management

 

·                  The   exercise of remedies will be subject to a standstill period for 120 days   after notice to the secured lenders has been given
    

 

2

 

	
TERM
    	
 
    	
SUMMARY
    
	
 
    	
 
    	
 
    
	
Affirmative Covenants
    	
 
    	
Typical and customary affirmative covenants with respect to the   Loan Parties acceptable to the Payee and its counsel, including, without   limitation:

 

·                  Notification   of occurrence of an event of default

 

·                  Notification   of defaults and other material events (including material adverse condition,   litigation, ERISA event, material change in accounting or financial reporting   practices, disposition of property, sale of equity, incurrence of debt)

 

·                  Delivery   of information, including to comply with beneficial ownership regulations

 

·                  Maintain   proper books and records in accordance with GAAP

 

·                  Maintain   good and marketable title to the property, free and clear of all liens, other   than customary permitted liens to be agreed

 

·                  Maintain   and preserve the property in all material respects and keep the same in good   repair and working order

 

·                  Deliver   quarterly and audited annual financial statements for Loan Parties and other   financial reporting in manner acceptable to the Payee

 

·                  Maintain   insurance

 

·                  Payment   of taxes

 

·                  Compliance   with laws

 

·                  Compliance   with environmental laws

 

·                  Preservation   of existence

 

·                  Fiscal   year

 

·                  Inspection   rights

 

·                  Anti-bribery,   sanctions and anti-corruption compliance of Payor

 

·                  Further   assurances and additional guarantees and collateral

 

·                  Payment   of obligations, compliance with and enforcement of materials contracts

 

·                  Intellectual   Property

 

·                  Customary   further assurances covenant with respect to liens and guarantees
    
	
 
    	
 
    	
 
    

 

3

 

	
TERM
    	
 
    	
SUMMARY
    
	
 
    	
 
    	
 
    
	
Negative Covenants
    	
 
    	
Typical and customary negative covenants with respect to the   Loan Parties (subject to customary permitted exceptions) acceptable to the   Payee and its counsel, including, without limitation:

 

·                  No   liens other than (i) liens in favor of the Payee, (ii) liens   securing Permitted Senior Lien Debt and the APS Note, and (iii) other   permitted liens to be agreed

 

·                  Certain   restrictions on sales, leases, assignments or other dispositions. All   dispositions shall be for fair market value and cash consideration and all   proceeds of dispositions (other than with respect to inventory in the   ordinary course of business) shall be used to prepay the obligations under the   New Note.

 

·                  No   debt (including guarantees) owed by any Loan Party or any subsidiary thereof   other than senior debt (which debt may be secured by liens) in an amount not   to exceed $120,000,000 in the aggregate(the “Permitted Senior Lien Debt”)   plus the APS Note.

 

·                  Restrictions   on mergers, dissolution and other fundamental changes

 

·                  Restrictions   on changes in nature of business

 

·                  No   dividends and other restricted payments

 

·                  Restrictions   on loans/investments, subject to agreed baskets

 

·                  Restrictions   on limitations on subsidiary distributions/negative pledges and other   burdensome agreements

 

·                  Restrictions   on ability to change governing documents

 

·                  Restrictions   on accounting methods/fiscal year

 

·                  Anti-money   laundering, sanctions anti-terrorism

 

·                  Anti-bribery   and anti-corruption

 

·                  Restrictions   on capital expenditures, with commercially reasonable capital expenditure   thresholds

 

·                  Affiliate   transactions required to be at arms’ length and on commercially reasonable   terms

 

·                  Restrictions   on amendments to material agreements
    

 

4

 

	
TERM
    	
 
    	
SUMMARY
    
	
 
    	
 
    	
 
    
	
Representations and Warranties
    	
 
    	
·                  None
    
	
 
    	
 
    	
 
    
	
Closing Conditions
    	
 
    	
·                  Typical   and customary closing conditions precedent, including, without limitation,   satisfactory documentation, due diligence, resolutions, certificates and   legal opinions
    
	
 
    	
 
    	
 
    
	
Expenses
    	
 
    	
·                  Each   party shall pay their own costs in the initial documentation of the Loan   Documents, provided that the Loan Documents shall provide for customary reimbursement   of fees and expenses.
    
	
 
    	
 
    	
 
    
	
Indemnification
    	
 
    	
·                  The   Loan Documents will provide customary and appropriate provisions relating to   indemnity and related matters and tax gross-up
    
	
 
    	
 
    	
 
    
	
Assignments
    	
 
    	
·                  The   Payee may sell or assign any Loan Document and related rights without the   prior consent of Payor.

 

·                  No   Loan Party may sell or assign any Loan Document or related rights without the   prior consent of the Payee.
    

 

This Term Sheet and the written agreement memorializing these terms shall be governed by the laws of the State of New York.

 

5Exhibit 10.2

 

AMENDMENT NO. 11

 

AMENDMENT No. 11 dated as of October 21, 2019 (this “Amendment”) to the Superpriority Senior Secured Priming Debtor-in-Possession Credit Agreement dated as of May 15, 2019, by and among Cloud Peak Energy Inc., a Delaware corporation and a debtor and debtor-in-possession under chapter 11 of the Bankruptcy Code (the “CPE”), the other Persons party hereto from time to time as a “Borrower”, the Persons party thereto from time to time as “Lenders”, and Ankura Trust Company, LLC, as administrative agent (in such capacity, including any sub-agent or any successor or assignee of any of the foregoing, the “Administrative Agent”) and as collateral agent (in such capacity, including any sub-agent or any successor or assignee of any of the foregoing, the “Collateral Agent”) (as amended, supplemented, restated or otherwise modified from time to time prior to the date hereof, the “Existing Credit Agreement”).

 

RECITALS:

 

WHEREAS, the parties hereto desire to amend the Existing Credit Agreement upon the terms and conditions set forth herein.

 

WHEREAS, the Lenders (as defined in the Existing Credit Agreement) party hereto constitute the requisite Lenders to effectuate the amendments to the Existing Credit Agreement set forth herein and such Lenders hereby notify the other parties hereto of their consent to this Amendment.

 

1.                                      Defined Terms.  Capitalized terms used and not otherwise defined herein have the meanings assigned to them in the Existing Credit Agreement, as amended hereby (the “Amended Credit Agreement”).

 

2.                                      Amendments.  Each party hereto agrees that, effective on the Amendment Effective Date, paragraph (h) of Section 5.15 of the Existing Credit Agreement shall be amended and restated as follows:

 

(h)                                 No later than October 25, 2019, such Acceptable 363 Sale, if any, shall have closed in accordance with such 363 Sale Order and the Obligations on account of the New Money Loans shall have been indefeasibly paid in full and all other Obligations shall be paid in accordance with the terms of the SAPSA.

 

3.                                      Representations and Warranties.  Each Borrower party hereto represents and warrants to the Agents and the Lenders, on and as of the Amendment Effective Date that:

 

(a)                                 Each Borrower and each of the Subsidiaries (a) is a partnership, limited liability company or corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, formation or incorporation, (b) has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to own its assets and to carry on its business as now conducted, (c) is duly qualified and is licensed and, as applicable, in good standing, under the laws of

 

 

each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license and (d) subject, in the case of each Borrower that is a Debtor, to the terms of the DIP Orders, has the power and authority to execute, deliver and perform its obligations under this Amendment and to perform the transactions contemplated thereby.

 

(b)                                 Subject to the terms of the DIP Orders, the execution, delivery and performance by each Borrower and each of the Subsidiaries of this Amendment (a) have been duly authorized by all corporate, stockholder, limited liability company or partnership or other organizational action required to be obtained by such Borrower and such Subsidiaries and (b) (i) do not violate (A) any provision of law, statute, rule or regulation (including, without limitation, any Mining Law), or contravene the terms of any Organizational Document of any Borrower or any Subsidiary, (B) any applicable order of any court or any rule, regulation or order of any Governmental Authority (including, without limitation, any Mining Permit) or (C) any indenture, lease (including, without limitation, any Mining Lease), agreement or other instrument to which any such Borrower or any such Subsidiary is a party or by which any of them or any of their respective assets are or may be bound, except in respect of the Existing Indenture Documents, (ii) are not in conflict with, and do not result in a breach of or constitute (alone or with notice or lapse of time or both) a default under, give rise to a right of or result in any cancellation or acceleration of any right or obligation (including any payment) or to a loss of a material benefit under, any indenture, lease (including, without limitation, any Mining Lease), or other similar agreement or instrument, except in respect of the Existing Indenture Documents, or (iii) conflict with or result in any breach or contravention of, or the creation or imposition of any Lien (except for any Liens that arise under the Loan Documents) upon or with respect to any assets now owned or hereafter acquired by any Borrower or any such Subsidiary, or require any payment to be made under (A) any contractual obligation to which such Borrower or such Subsidiary is a party or affecting such Borrower or such Subsidiary or the properties of such Borrower, such Subsidiary or any of its or their Subsidiaries, except in respect of the Existing Indenture Documents or (B) any order, injunction, writ or decree of any governmental authority or any arbitral award to which such Borrower or such Subsidiary or its or their property is subject.

 

(c)                                  Subject, in the case of each Borrower that is a Debtor, to the terms of the DIP Orders, this Amendment has been duly executed and delivered by each Borrower and constitutes a legal, valid and binding obligation of such Borrower enforceable against each such Borrower in accordance with its terms, subject to (i) except in the case of each Borrower that is not a Debtor, the effects of bankruptcy, insolvency, moratorium, reorganization, fraudulent conveyance or other similar laws affecting creditors’ rights generally, (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law) and (iii) implied covenants of good faith and fair dealing.

 

(d)                                 Subject to the terms of the DIP Orders, no action, consent or approval of, registration or filing with or any other action by any Governmental Authority is or will be

 

2

 

required in connection with this Amendment except for (a) such consents, authorizations, filings or other actions that (i) have been made or obtained and are in full force and effect, (ii) notices required under the Mining Permits and Environmental Permits regarding a change in control solely to the extent required for the exercise of remedies in respect of the Liens created hereunder, which will be given to the applicable Governmental Authority on or prior to the date by which such notices are due or (iii) are listed on Schedule 3.04 of the Existing Credit Agreement and (b)  such actions, consents and approvals the failure to be obtained or made which would not reasonably be expected to have a Material Adverse Effect.

 

4.                                      Conditions to Effectiveness.  The date on which the Administrative Agent shall have received counterparts to this Amendment executed by the Administrative Agent, the Collateral Agent, each Borrower and Lenders, which collectively constitute the Required Lenders as of the date of this Amendment shall be referred to as the “Amendment Effective Date”.

 

5.                                      Ratification.  Except to the extent hereby amended, the Existing Credit Agreement and each of the other Loan Documents remain in full force and effect and are hereby ratified and affirmed as of the Amendment Effective Date.  Each Borrower expressly confirms that, with effect from (and including) the Amendment Effective Date, the Security Documents shall apply and extend to the liabilities and obligations of each relevant Borrower under the Amended Credit Agreement and the other Loan Documents.

 

6.                                      Miscellaneous.  This Amendment shall be limited precisely as written and, except as expressly provided herein, shall not be deemed (a) to be a consent granted pursuant to, or a waiver or modification of, any term or condition of the Existing Credit Agreement, any other Loan Documents or any of the instruments or agreements referred to therein or (b) to prejudice any right or rights which the Agents or the other Secured Parties may now have or have in the future under or in connection with the Existing Credit Agreement, the other Loan Documents or any of the instruments or agreements referred to therein. Unless the context indicates otherwise, on and after the Amendment Effective Date, whenever the Existing Credit Agreement is referred to in the Amended Credit Agreement or other Loan Documents or any of the instruments, agreements or other documents or papers executed or delivered in connection therewith, such reference shall be deemed to mean the Amended Credit Agreement.  The Borrowers agree that their obligations set forth in Section 9.05 of the Amended Credit Agreement shall extend to the preparation, execution and delivery of this Amendment.  This Amendment is hereby deemed to be a Loan Document for purposes of each Loan Document.

 

7.                                      Counterparts.  This Amendment may be executed in two or more counterparts, each of which shall constitute an original but all of which, when taken together, shall constitute but one contract, and shall become effective as provided in Section 10.03 of the Existing Credit Agreement.  Delivery of an executed counterpart to this Amendment by facsimile transmission shall be as effective as delivery of a manually signed original.

 

8.                                      Governing Law.  THIS AMENDMENT AND ALL ACTIONS ARISING UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN

 

3

 

ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK AND (TO THE EXTENT APPLICABLE) THE BANKRUPTCY CODE.

 

9.                                      Entire Agreement.  This Amendment constitutes the entire contract between the parties relative to the subject matter hereof.  Any previous agreement among or representations from the parties or their Affiliates with respect to the subject matter hereof is superseded by this Amendment. Nothing in this Amendment, expressed or implied, is intended to confer upon any party other than the parties hereto and thereto any rights, remedies, obligations or liabilities under or by reason of this Amendment.  To the extent that any provision herein is inconsistent with any term of the DIP Orders, the DIP Order shall control.

 

10.                               Severability.  In the event any one or more of the provisions contained in this Amendment should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any way be affected or impaired thereby.  The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions.

 

11.                               Waiver of Jury Trial; Jurisdiction.             The provisions of Sections 10.11 and 10.15 of the Existing Credit Agreement shall apply to this Amendment, mutatis mutandis.

 

[SIGNATURE PAGES FOLLOW]

 

4

 

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

 

	
 
    	
CLOUD PEAK ENERGY INC.,
    
	
 
    	
CLOUD PEAK ENERGY RESOURCES LLC
    
	
 
    	
CABALLO ROJO HOLDINGS LLC, CORDERO MINING   HOLDINGS LLC,
    
	
 
    	
CLOUD PEAK ENERGY SERVICES COMPANY,
    
	
 
    	
NERCO LLC,
    
	
 
    	
CLOUD PEAK ENERGY FINANCE CORP.,
    
	
 
    	
CABALLO ROJO LLC,
    
	
 
    	
CORDERO MINING LLC,
    
	
 
    	
NERCO COAL LLC,
    
	
 
    	
CORDERO OIL AND GAS LLC,
    
	
 
    	
CLOUD PEAK ENERGY LOGISTICS LLC,
    
	
 
    	
BIG METAL COAL CO. LLC,
    
	
 
    	
ANTELOPE COAL LLC,
    
	
 
    	
KENNECOTT COAL SALES LLC,
    
	
 
    	
PROSPECT LAND AND DEVELOPMENT LLC,
    
	
 
    	
SPRING CREEK COAL LLC,
    
	
 
    	
SEQUATCHIE VALLEY COAL CORPORATION,
    
	
 
    	
CLOUD PEAK ENERGY LOGISTICS I LLC,
    
	
 
    	
ARROWHEAD I LLC,
    
	
 
    	
WESTERN MINERALS LLC,
    
	
 
    	
RESOURCE DEVELOPMENT LLC,
    
	
 
    	
NERCO COAL SALES LLC,
    
	
 
    	
ARROWHEAD II LLC,
    
	
 
    	
ARROWHEAD III LLC,
    
	
 
    	
YOUNGS CREEK HOLDINGS I LLC,
   YOUNGS CREEK HOLDINGS II LLC,
   and YOUNGS CREEK MINING COMPANY, LLC, as Borrowers
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Bryan Pechersky
    
	
 
    	
Name:
    	
Bryan Pechersky
    
	
 
    	
Title:
    	
Executive Vice President, General Counsel and Corporate   Secretary
    

 

[Signature Page to Amendment No. 11]

 

 

	
 
    	
ANKURA TRUST COMPANY, LLC, as Administrative   Agent and Collateral Agent
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Michael J. Fey
    
	
 
    	
Name:
    	
 Michael J. Fey
    
	
 
    	
Title:
    	
Managing Director
    

 

[Signature Page to Amendment No. 11]

 

 

	
 
    	
Arena Short Duration High Yield Fund, L.P.,   Series A, as Lender
    
	
 
    	
 
    	
 
    
	
 
    	
By: ARENA CAPITAL ADVISORS, LLC for and on   behalf of the funds and accounts it manages
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Sanije Perrett
    
	
 
    	
Name:
    	
 Sanije   Perrett
    
	
 
    	
Title:
    	
President
    
	
 
    	
 
    
	
 
    	
Arena Short Duration High Yield Fund, L.P.,   Series B, as Lender
    
	
 
    	
 
    	
 
    
	
 
    	
By: ARENA CAPITAL ADVISORS, LLC for and on   behalf of the funds and accounts it manages
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Sanije Perrett
    
	
 
    	
Name:
    	
 Sanije   Perrett
    
	
 
    	
Title:
    	
President
    
	
 
    	
 
    
	
 
    	
Arena Short Duration High Yield Fund, L.P.,   Series C, as Lender
    
	
 
    	
 
    	
 
    
	
 
    	
By: ARENA CAPITAL ADVISORS, LLC for and on   behalf of the funds and accounts it manages
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Sanije Perrett
    
	
 
    	
Name:
    	
 Sanije   Perrett
    
	
 
    	
Title:
    	
President
    

 

[Signature Page to Amendment No. 11]

 

 

	
 
    	
Arena Short Duration High Yield Fund, L.P.,   Series D, as Lender
    
	
 
    	
 
    	
 
    
	
 
    	
By: ARENA CAPITAL ADVISORS, LLC for and on   behalf of the funds and accounts it manages
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Sanije Perrett
    
	
 
    	
Name:
    	
 Sanije   Perrett
    
	
 
    	
Title:
    	
President
    
	
 
    	
 
    
	
 
    	
Arena VII, LLC, as Lender
    
	
 
    	
 
    
	
 
    	
By:    ARENA CAPITAL ADVISORS, LLC for and on behalf of the funds and   accounts it manages
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Sanije Perrett
    
	
 
    	
Name:
    	
 Sanije   Perrett
    
	
 
    	
Title:
    	
President
    
	
 
    	
 
    
	
 
    	
INKA for the account of beTurn,
    
	
 
    	
 
    
	
 
    	
By:    ARENA CAPITAL ADVISORS, LLC for and on behalf of the funds and   accounts it manages
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Sanije Perrett
    
	
 
    	
Name:
    	
 Sanije   Perrett
    
	
 
    	
Title:
    	
President
    

 

[Signature Page to Amendment No. 11]

 

 

	
 
    	
TDC, National Assurance Company
    
	
 
    	
 
    	
 
    
	
 
    	
By: ARENA CAPITAL ADVISORS, LLC for and on   behalf of the funds and accounts it manages
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Sanije Perrett
    
	
 
    	
Name:
    	
Sanije Perrett
    
	
 
    	
Title:
    	
President
    
	
 
    	
 
    
	
 
    	
The Doctor’s Company, an Interinsurance   Exchange
    
	
 
    	
 
    	
 
    
	
 
    	
By: ARENA CAPITAL ADVISORS, LLC for and on   behalf of the funds and accounts it manages
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Sanije Perrett
    
	
 
    	
Name:
    	
Sanije Perrett
    
	
 
    	
Title:
    	
President
    

 

[Signature Page to Amendment No. 11]

 

 

	
 
    	
GRACE BROTHERS, LP, as Lender
    
	
 
    	
 
    	
 
    
	
 
    	
By: BRO-GP, LLC, its General Partner
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Bradford T. Whitmore
    
	
 
    	
Name:
    	
Bradford T. Whitmore
    
	
 
    	
Title:
    	
Manager
    

 

[Signature Page to Amendment No. 11]

 

 

	
 
    	
The State of   Connecticut Acting Through its treasurer, as Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    
	
 
    	
 
    
	
 
    	
Blue Cross and Blue Shield Association   National Retirement Trust, as Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    
	
 
    	
 
    
	
 
    	
American Century Investment Trust - NT High   Income Fund, as Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    

 

[Signature Page to Amendment No. 11]

 

 

	
 
    	
Pinnacol Assurance, as Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    
	
 
    	
 
    
	
 
    	
Nomura Funds Ireland plc — Global High Yield   Bond Fund, as Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    
	
 
    	
 
    
	
 
    	
Kapitalforeningen MP Invest High yield   obligationer V, as Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    

 

[Signature Page to Amendment No. 11]

 

 

	
 
    	
PACE High Yield Investments, as Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    
	
 
    	
 
    
	
 
    	
Government of Guam Retirement Fund, as Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    
	
 
    	
 
    
	
 
    	
Ohio Public Employees Retirement System, as   Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    

 

[Signature Page to Amendment No. 11]

 

 

	
 
    	
Northern Multi-Manager High Yield Opportunity   Fund, as Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    
	
 
    	
 
    
	
 
    	
General Organization for Social Insurance, as   Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    
	
 
    	
 
    
	
 
    	
PensionDanmark
    
	
 
    	
Pensionforsikringsaktieselskab, as Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    

 

[Signature Page to Amendment No. 11]

 

 

	
 
    	
Montgomery County Employees’ Retirement   System, as Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    
	
 
    	
 
    
	
 
    	
Nomura US Attractive Yield Corporate Bond   Fund Mother Fund, as Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    
	
 
    	
 
    
	
 
    	
L-3 Communications Corporation Master Trust,   as Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    

 

[Signature Page to Amendment No. 11]

 

 

	
 
    	
Mars Associates Retirement Plan, as Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    
	
 
    	
 
    
	
 
    	
Stichting Mars Pensioenfonds, as Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    
	
 
    	
 
    
	
 
    	
Montgomery County Consolidated Retiree Health   Benefits Trust, as Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    

 

[Signature Page to Amendment No. 11]

 

 

	
 
    	
Nomura Bond & Loan Fund, as Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    
	
 
    	
 
    
	
 
    	
Louisiana State Employees’ Retirement System,   as Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    
	
 
    	
 
    
	
 
    	
Stichting Pensioenfonds Hoogovens, as Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    

 

[Signature Page to Amendment No. 11]

 

 

	
 
    	
American Century U.S. High Yield Corporate   Bond Collective Fund, as Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    
	
 
    	
 
    
	
 
    	
Illinois State Board of Investment, as Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    
	
 
    	
 
    
	
 
    	
American Century Investment Trust — High   Income Fund, as Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    

 

[Signature Page to Amendment No. 11]

 

 

	
 
    	
Stichting Pensioenfonds TNO, as Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    
	
 
    	
 
    
	
 
    	
Delta Master Trust, as Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset Management, Inc.,   its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    
	
 
    	
 
    
	
 
    	
Commonwealth of Massachusetts Employees   Deferred Compensation Plan, as Lender
    
	
 
    	
By: Nomura Corporate Research and Asset Management, Inc.,   its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title: Managing DirectorNational Railroad   Retirement Investment Trust, as Lender
    

 

[Signature Page to Amendment No. 11]

 

 

	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    
	
 
    	
 
    
	
 
    	
Delta Pilots Disability and Survivorship   Trust, as Lender
    
	
 
    	
 
    
	
 
    	
By: Nomura Corporate Research and Asset   Management, Inc., its investment manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen Kotsen
    
	
 
    	
Name:
    	
Stephen Kotsen
    
	
 
    	
Title:
    	
Managing Director
    

 

[Signature Page to Amendment No. 11]

 

 

	
 
    	
TIAA Global Public Investments, LLC -   Series Loan, as Lender
    
	
 
    	
 
    
	
 
    	
By: Teachers Advisors, LLC, its investment   manager
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Ji Min Shin
    
	
 
    	
Name: 
    	
Ji Min Shin
    
	
 
    	
Title:
    	
Senior Director
    
	
 
    	
 
    	
 
    
	
 
    	
TIAA Global Public Investments, LLC —   Series High Yield, as Lender
    
	
 
    	
 
    
	
 
    	
By: Teachers Advisors, LLC, its investment   manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Ji Min Shin
    
	
 
    	
Name: 
    	
Ji Min Shin
    
	
 
    	
Title:
    	
Senior Director
    
	
 
    	
 
    	
 
    
	
 
    	
TIAA-CREF High Yield Fund, as Lender
    
	
 
    	
 
    
	
 
    	
By: Teachers Advisors, LLC, its investment   manager
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Ji Min Shin
    
	
 
    	
Name: 
    	
Ji Min Shin
    
	
 
    	
Title:
    	
Senior Director
    
	
 
    	
 
    	
 
    
	
 
    	
TIAA-CREF Bond Plus Fund, as Lender
    
	
 
    	
 
    
	
 
    	
By: Teachers Advisors, LLC, its investment   manager
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Ji Min Shin
    
	
 
    	
Name: 
    	
Ji Min Shin
    
	
 
    	
Title:
    	
Senior Director
    
	
 
    	
 
    	
 
    
	
 
    	
Teachers Insurance and Annuity Association of   America, as Lender
    
	
 
    	
 
    
	
 
    	
By: Nuveen Alternatives Advisors LLC, its   investment manager
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Ji Min Shin
    
	
 
    	
Name: 
    	
Ji Min Shin
    
	
 
    	
Title:
    	
Senior Director
    

 

[Signature Page to Amendment No. 11]

 

 

	
 
    	
WEXFORD CATALYST INVESTORS LLC
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Paul Jacobi
    
	
 
    	
Name: 
    	
Paul Jacobi
    
	
 
    	
Title:
    	
Vice President
    
	
 
    	
 
    	
 
    
	
 
    	
WEXFORD SPECTRUM INVESTORS LLC
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Paul Jacobi
    
	
 
    	
Name: 
    	
Paul Jacobi
    
	
 
    	
Title:
    	
Vice President
    
	
 
    	
 
    	
 
    
	
 
    	
DEBELLO INVESTORS LLC
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Paul Jacobi
    
	
 
    	
Name: 
    	
Paul Jacobi
    
	
 
    	
Title:
    	
Vice President
    

 

[Signature Page to Amendment No. 11]

 

 

	
 
    	
WOLVERINE FLAGSHIP FUND
    
	
 
    	
TRADING LIMITED, as Lender
    
	
 
    	
 
    
	
 
    	
By: WOLVERINE ASSET
    
	
 
    	
MANAGEMENT, LLC, its investment manager
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Kenneth L. Nadel
    
	
 
    	
Name: 
    	
Kenneth L. Nadel
    
	
 
    	
Title:
    	
Authorized Signatory
    

 

[Signature Page to Amendment No. 11]

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