Document:

Transfer Restrictions Agreement

 Exhibit 4.1 
 EXECUTION VERSION 
 TRANSFER RESTRICTIONS AGREEMENT 
 This TRANSFER RESTRICTIONS AGREEMENT (this “Agreement”), dated as of June 13, 2006, is by and among (i) Alliance Holdings GP,
L.P., a Delaware limited partnership (“AHGP”), (ii) Alliance GP, LLC, a Delaware limited liability company (the “General Partner”), (iii) C-Holdings, LLC, a Delaware limited liability company
(“C-Holdings”), (iv) Joseph W. Craft III (“Craft”), in his individual capacity, (v) Alliance Resource Holdings II, Inc., a Delaware corporation (“ARH II”), (vi) Alliance Resource
Holdings, Inc., a Delaware corporation (“ARH”) and wholly owned by ARH II, (vii) Alliance Resource GP, LLC, a Delaware limited liability company (the “SGP”) and wholly owned by ARH, and (viii) each of the
individuals and trusts identified as Management Holders on the signature pages hereto (collectively, the “Management Holders”). 
 Recitals 
 A. The SGP entered into that certain Amended and Restated Contribution Agreement, dated as of April 14,
2006, by and among AHGP, the General Partner, Alliance Management Holdings, LLC (“AMH”), AMH II, LLC (“AMH II”), the SGP, ARM GP Holdings, Inc. and Alliance Resource Management GP, LLC (as the same may be amended,
modified or supplemented from time to time in accordance with its terms, the “Contribution Agreement”), pursuant to which, in connection with the initial public offering of the AHGP Common Units, the SGP contributed to AHGP all of
the common units of Alliance Resource Partners, L.P. held by the SGP in exchange for AHGP Common Units (the “Contribution Agreement AHGP Common Units”); 
 B. Pursuant to that certain Purchase and Exchange Agreement, dated as of June 13, 2006, by and among ARH II, Craft, and each other stockholder of ARH II listed therein (as the same may be amended, modified or
supplemented from time to time in accordance with its terms, the “Purchase and Exchange Agreement”), each such stockholder of ARH II, other than Craft, conveyed all of such stockholder’s ARH II shares of common stock in a
transaction whereby (i) a portion of such stockholders’ shares were conveyed to Craft in exchange for AHGP Common Units held by Craft (collectively, the “Purchase and Exchange Agreement AHGP Common Units”), which AHGP
Common Units were obtained by Craft in connection with the AMH Liquidation and the AMH II Liquidation, and (ii) the balance of the stockholders’ shares were redeemed by ARH II, for cash; as a result of the transactions contemplated by the
Purchase and Exchange Agreement, Craft has become the record and beneficial owner of all of the issued and outstanding shares of capital stock of ARH II; 
 C. In connection with the dissolution and liquidation of each of AMH and AMH II, pursuant to separate Plans of Dissolution and Liquidation, dated as of June 13, 2006, AMH and AMH II distributed their assets and
property, including the AHGP Common Units held by AMH and AMH II, to the Management Holders who are members, respectively, of AMH and AMH II 

 
on the date hereof (the “AMH Liquidation” and the “AMH II Liquidation”, as the case may be; and the AHGP Common Units
distributed by AMH and AMH II, respectively, in connection with the AMH Liquidation and the AMH II Liquidation are referred to herein as, respectively, the “AMH Liquidation AHGP Common Units” and the “AMH II Liquidation AHGP
Common Units”); 
 D. In connection with the transactions contemplated by the AMH Liquidation, AMH II Liquidation and the Purchase
and Exchange Agreement, the Management Holders who are members of AMH II have agreed to contribute, pro rata, to a newly-formed company known as Alliance Management Holdings III, LLC (“AMH III”) 600,000 AMH II Liquidation AHGP
Common Units distributed to such Management Holders in connection with the AMH II Liquidation for the purpose of establishing an employee incentive retention program or plan to be maintained by AMH III (such 600,000 units, the “Employee
Incentive Units”); and 
 E. To induce the parties hereto, as applicable, to enter into the transactions contemplated by the AMH
Liquidation, the AMH II Liquidation and the Purchase and Exchange Agreement, such parties have agreed to be bound by restrictions on the transfer of the Restricted Securities, subject to the terms and conditions hereof. 
 NOW, THEREFORE, for and in consideration of the foregoing recitals, mutual covenants and agreements contained herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows: 
 ARTICLE I. 
 DEFINITIONS 
 “Affiliate” shall have the meaning ascribed to such term in Rule 12b-2 of the general rules and regulations under the
Securities Exchange Act of 1934, as in effect on the date of this Agreement. 
 “Agreement” has the meaning
specified in the introductory paragraph hereto. 
 “AHGP” has the meaning set forth in the introductory
paragraph hereto. 
 “AHGP Common Units” means the common units of AHGP. 
 “AHGP IPO” means the initial public offering of AHGP Common Units, which securities began trading on NASDAQ on
May 10, 2006. 
 “AMH” has the meaning set forth in the recitals hereto. 
 “AMH Liquidation” has the meaning set forth in the recitals hereto. 
  

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 “AMH Liquidation AHGP Common Units” has the meaning set forth in the
recitals hereto. 
 “AMH II” has the meaning set forth in the recitals hereto. 
 “AMH II Liquidation” has the meaning set forth in the recitals hereto. 
 “AMH II Liquidation AHGP Common Units” has the meaning set forth in the recitals hereto. 
 “AMH III” has the meaning set forth in the recitals hereto. 
 “Approved Transfer” has the meaning specified in Section 2.02(c)(v). 
 “ARH II” has the meaning set forth in the introductory paragraph hereto. 
 “BOK Loan Documents” means that certain Loan Agreement, dated on or about June 9, 2006, by and among ARH II, Bank of
Oklahoma, N.A. and certain other banks a party thereto, as lenders, and Bank of Oklahoma, N.A., as agent, pursuant to which such banks have agreed to make available to ARH II a revolving credit facility in the amount of up to $77,000,000 in order
to, among other things, enable ARH II to fund the cash purchase price due to the ARH II stockholders under the Purchase and Exchange Agreement, together with all other documents, guarantees, pledge agreements (including the pledge entered into by
the SGP in favor of such lenders), promissory notes and other documents and instruments entered into by ARH II or any other party guarantying or securing the indebtedness thereunder, and any other loan document, security agreement or guaranty
entered into with any financial institution in connection with the refinancing, in whole or in part, of the indebtedness under such Loan Agreement, in each case as any thereof shall be amended, amended and restated, modified, supplemented or renewed
from time to time in accordance with the terms thereof. 
 “BOK Pledge” has the meaning set forth in
Section 2.04. 
 “Business Day” means any day other than a Saturday, Sunday, or a legal holiday for
commercial banks in New York, New York. 
 “C-Holdings” has the meaning set forth in the introductory
paragraph hereto. 
 “Contribution Agreement” has the meaning set forth in the recitals hereto. 

“Contribution Agreement AHGP Common Units” has the meaning set forth in the recitals hereto. 
 “Craft” has the meaning set forth in the introductory paragraph hereto. 
  

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 “Craft Approval Notice” has the meaning specified in
Section 2.02(b)(i). 
 “Craft Denial Notice” has the meaning specified in Section 2.02(b)(ii).

 “Craft Holder” has the meaning specified in Section 2.06. 
 “Craft Transaction” has the meaning specified in Section 2.06. 
 “Craft Transaction Notice” has the meaning specified in Section 2.06(a). 
 “De Minimis Holder” shall mean a Holder who holds less than a specified number of Restricted Securities, which number
shall be determined from time to time by a majority of the members of the Disinterested GP Board, in which case notice thereof shall be delivered to the Holders by the Disinterested GP Board as soon as reasonably practicable following any such
determination. 
 “Disinterested GP Board” means the members of the GP Board other than (i) Craft,
(ii) any spouse, parent, child, grandchild, sibling or other relative of Craft who is a member of the GP Board, if any, and (iii) any other member of the GP Board who shall have received from Craft or any Affiliate of Craft any
compensation during any of the three (3) prior years (other than compensation paid to such member by the General Partner or the managing general partner of Alliance Resource Partners, L.P. with respect to such member’s services as a member
of the Board of Directors, or any committee, thereof). 
 “Disinterested GP Board Notice” has the meaning
specified in Section 2.02(c)(v). 
 “Drag-Along Holder” has the meaning specified in
Section 2.06(c). 
 “Employee Incentive Units” has the meaning set forth in the recitals hereto.

 “Entity” means any corporation, company, voluntary association, partnership, joint venture, trust, limited
liability company, unincorporated organization, government or any agency, instrumentality or political subdivision thereof, or any other form of entity. 
 “Equity Rights” shall mean (i) all shares of capital stock, all limited liability company interests, all rights to the income, gain, loss or deduction of any partnership or other entity,
all profit sharing rights or stock appreciation rights or phantom stock rights (or any similar interest), (ii) all options or warrants (or similar rights) that are exercisable or exchangeable for or convertible into of the items
described in clause (i) hereof, and (iii) all debt instruments or other instruments or securities that are convertible into or exchangeable for any of the items described in clause (ii) or (iii) hereof. 
  

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 “Family Member” means: 
 (i) with respect to any Holder that is a Management Person, (A) any spouse, parent, child, grandchild or sibling of such
Management Person or other family member or dependent of such Management Person reasonably acceptable to Craft, (B) any trust in which 100% of the beneficial and other economic interests are held by one or more of the individuals
identified in clause (A) hereof or by such Management Person, or any combination thereof, (C) any Related Company owned by such Management Person or any of the persons or trusts identified in clause (A) or (B) hereof, or
by any combination thereof, and (D) any private foundation established by such Management Person for charitable purposes; 
 (ii) with respect to any Holder that is a trust, (A) the Management Person that is related to the beneficiaries of such trust, (B) any of the persons identified in clause (i)(A) hereof that are
related to such Management Person or any trust in which 100% of the beneficial and other economic interests are held by one or more of such persons or such Management Person, or any combination thereof, (C) any Related Company owned by
such Management Person or any of the persons or trusts identified in clause (B) hereof, or by any combination thereof, and (D) any private foundation established by such Management Person for charitable purposes; 
 (iii) any executor or administrator of a Management Person who shall hold Restricted Securities for the benefit of any of the persons
identified in clause (i)(A) hereof that are related to such Management Person, whether such executor or administrator holds such Restricted Securities directly or through a trust for the benefit of such persons; and 
 (iv) with respect to the SGP, (A) Joseph W. Craft III, (B) any of the persons identified in clause (i)(A) hereof
that are related to Joseph W. Craft III or any trust in which 100% of the beneficial and other economic interests are held by one or more of such persons or Joseph W. Craft III, or any combination thereof, (C) any Related Company owned
by Joseph W. Craft III or any of the persons or trusts identified in clause (B) hereof, or by any combination thereof, and (D) any private foundation established by Joseph W. Craft III for charitable purposes. 
 “Family Transfer” has the meaning specified in Section 2.03. 
 “Financing Pledge” has the meaning specified in Section 2.05. 
 “General Partner” has the meaning set forth in the introductory paragraph hereto. 
 “GP Board” means the board of directors of the General Partner. 
  

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 “Holder Appeal Request” has the meaning specified in
Section 2.02(b)(ii). 
 “Holder Participation Notice” has the meaning specified in
Section 2.02(c)(vi). 
 “Holder Transfer Request” has the meaning specified in Section 2.02(a).

 “Holders” means, collectively, (i) each Person who is a holder of AHGP Common Units and that is a
party hereto on the date hereof and (ii) each permitted transferee of such Person who becomes a party to, and bound by the provisions of, this Agreement by executing a Joinder in accordance with the provisions hereof. 
 “Individual Craft Holder Proportion” means, as of any date of determination with respect to the Craft Holder who shall
have delivered the applicable Craft Transaction Notice, a fraction, expressed as a percentage, the numerator of which shall be the total number of Restricted Securities that such Craft Holder is proposing to sell in such Craft Transaction and the
denominator of which shall be the total number of Restricted Securities held by such Craft Holder. 
 “Individual
Allotment” has the meaning specified in Section 2.02(c)(vi). 
 “Joinder” has the meaning
specified in Section 2.03. 
 “Management Holders” has the meaning set forth in the introductory
paragraph hereto. 
 “Management Person” means each individual person (but not a trust) that is listed on the
signature pages hereof as of the date of this Agreement as a Management Holder. 
 “Maximum Allotment” has
the meaning specified in Section 2.02(c)(v). 
 “Participating Holder” has the meaning specified in
Section 2.02(c)(vi). 
 “Person” means any individual and any Entity 
 “Purchase and Exchange Agreement” has the meaning set forth in the recitals hereto. 
 “Purchase and Exchange Agreement AHGP Common Units” has the meaning set forth in the recitals hereto. 
 “Ratable Ownership Stake” shall mean, with respect to a Holder as of any date of determination, a fraction, expressed as
a percentage, the numerator or which shall be the total number of Restricted Securities held by such Holder and the denominator of which shall be the total number of Restricted Securities held by all Holders. 
  

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 “Related Company” means, with respect to any Person, any Entity in which
100% of the Equity Rights are, directly or indirectly, owned beneficially and of record by such Person. 
 “Restricted
Securities” means, collectively, (i) all Contribution Agreement AHGP Common Units, Purchase and Exchange Agreement AHGP Common Units, AMH Liquidation AHGP Common Units and AMH II Liquidation AHGP Common Units, other than the
Employee Incentive Units, (ii) any other common units of AHGP that are issued as a dividend or other distribution with respect to, in exchange for or in replacement of any of the AHGP Common Units referred to in clause (i) of this
definition (other than, for the avoidance of doubt, the Employee Incentive Units), and (iii) any other common units of AHGP that are issued in connection with any unit split, reverse unit split, reorganization, recapitalization,
reclassification (or similar event) on the AHGP Common Units referred to in clause (i) or (ii) hereof (other than, for the avoidance of doubt, the Employee Incentive Units); provided, however, that any particular Restricted
Securities shall cease to constitute “Restricted Securities” hereunder in the event that such particular Restricted Securities shall have been Transferred to a transferee who, pursuant to the provisions hereof, is not required to be bound
by the provisions hereof with respect to such particular Restricted Securities so transferred. 
 “Selling
Holder” has the meaning specified in Section 2.06(d). 
 “SGP” has the meaning set forth in the
introductory paragraph hereto. 
 “Tag-Along Holder” has the meaning specified in Section 2.06(b).

 “Tag-Along Securities” has the meaning specified in Section 2.06(b). 
 “Third Party Purchaser” has the meaning specified in Section 2.06. 
 “Transfer” means any sale, assignment, gift, pledge, encumbrance, hypothecation, exchange or transfer, or any other
disposition by law or otherwise. 
 “Underwriter Lock-Up Agreement” means any “lock-up agreement”
entered into by a Management Holder or the SGP for the benefit of Lehman Brothers, Inc. and the other underwriters in the AHGP IPO, including any individual “Lock-Up Letter Agreement” or any lock-up agreement to which the SGP shall be
bound under the Underwriting Agreement (as defined in the Contribution Agreement). 
 ARTICLE II. 
 TRANSFER RESTRICTIONS 
 Section 2.01 Transfers Generally; Number of Restricted Securities Held by the Holders. No Holder shall Transfer any Restricted Securities held by such Holder, except as specifically permitted by the provisions of this Agreement.
As of the date hereof and after giving effect to 

  

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the AMH Liquidation, the AMH II Liquidation, the transfer of the Employee Incentive Units to AMH III and the transactions contemplated by the Purchase and
Exchange Agreement, the SGP and each Management Holder holds the number of Restricted Securities set forth opposite such Person’s name on Schedule I hereto. From time to time, AHGP shall have the right to amend Schedule 1 hereto
to record the Transfer of any Restricted Securities to any other Holder or to reflect the fact that such Restricted Securities no longer constitute Restricted Securities. AHGP may, but shall not be obligated to, deliver to each Holder from time to
time updated versions of such Schedule I, and upon the occurrence of any unit split, reverse unit split, recapitalization or like event, the number of Restricted Securities held by a Holder shall be appropriately adjusted. 
 Section 2.02 Transfers After May 15, 2007; Procedures, etc. Except for any Transfer pursuant to Section 2.03 (Family Transfer),
Section 2.04 (BOK Pledge), Section 2.05 (Financing Pledge) and Section 2.06 (Craft Transaction), as to which the provisions of this Section 2.02 shall not apply, no Holder shall Transfer any Restricted Securities of such Holder
except pursuant to, and in accordance with, the provisions of this Section 2.02. 
 (a) Holder Transfer Request Anytime After
May 15, 2007. At anytime after May 15, 2007 (i.e., the one-year anniversary of the AHGP IPO), any Holder may send a written request to Craft seeking his authorization to Transfer Restricted Securities of such Holder (a “Holder
Transfer Request”). The Holder Transfer Request shall specify (i) the total number of Restricted Securities that the Holder desires to Transfer, (ii) the method or methods of Transfer being requested (it being understood that no
specific method of Transfer need be requested), and (iii) such other information relating to the proposed Transfer as the requesting Holder shall deem appropriate. 
 (b) Review by Craft. Craft shall act in good faith in evaluating each Holder Transfer Request, and shall give written notice of his decision to approve or reject such Transfer request to the requesting Holder
and each other Holder not later than fourteen (14) days following receipt of such Holder Transfer Request, in each case in accordance with the provisions of clause (i) or (ii) of this Section 2.02(b), as the case may require. The
failure by Craft to respond to a Holder Transfer Request within such fourteen (14) day period shall be deemed to constitute a denial thereof. The obligation of Craft (and the Disinterested Board) to consider any Holder Transfer Request shall be
subject to the provisions of paragraph (d) of this Section 2.02. 
 (i) Craft Approval Notice. If Craft
approves, in whole or in part, the Holder Transfer Request, the written notice to be delivered by Craft to each Holder (the “Craft Approval Notice”) shall specify (A) the total number of Restricted Securities that may be
Transferred by all Holders, which may be greater than the number requested in the Holder Transfer Request, (B) the method of distribution being authorized (whether public registration, Rule 144, 10b5-1 plan, redemption, or otherwise),
(C) the timetable for such Transfer, and (D) such other information, terms, conditions or limitations relating to the approved Transfer as Craft shall deem appropriate. Craft shall deliver in a timely manner a copy of the
Craft Approval Notice (together with such other information as he shall deem appropriate) to the Disinterested GP Board and shall request that the Disinterested GP Board approve the Transfer as described in such Craft Approval Notice in accordance

  

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with the procedures set forth in Section 2.02(c) hereof. As soon as practicable following the delivery of such materials to the Disinterested GP Board,
Craft shall deliver a copy thereof to all Holders (exclusive of the Approval Notice, unless such Approval Notice has not been delivered to the Holders as provided above). Any Transfer approved by Craft pursuant to a Craft Approval Notice shall be
subject to the further approval of a majority of the members of the Disinterested GP Board; provided that the Disinterested GP Board shall have the right to approve, in its good faith discretion, a Transfer (including the method thereof and
number of Restricted Securities) that is different from the Transfer approved by Craft pursuant to such Craft Approval Notice. 
 (ii) Craft Denial Notice. If Craft denies the Holder Transfer Request, the written notice to be delivered by Craft to each Holder (the “Craft Denial Notice”) shall set forth the reasons that the Holder Transfer
Request was denied. Upon receipt of a Craft Denial Notice, the requesting Holder shall have the right, but not the obligation, to appeal Craft’s decision by submitting a written appeal to the Disinterested GP Board (a “Holder Appeal
Request”) for consideration in accordance with the procedures set forth in Section 2.02(c) hereof. The Holder Appeal Request shall include copies of the relevant Holder Transfer Request and Craft Denial Notice, together with such other
supporting documentation that the appealing Holder deems relevant to the appeal, and shall specify whether the appealing Holder desires to make a presentation (either in person or telephonically) to the Disinterested GP Board in support of such
appeal. The Disinterested GP Board may, but shall not be obligated to, allow the appealing Holder to make such presentation. 
 (c) Review
by Disinterested GP Board. The Disinterested GP Board shall respond to any Craft Approval Notice or any appeal by a Holder of any Craft Denial Notice in accordance with the provisions of this Section 2.02(c). 
 (i) Timing of Review of Craft Approval Notice. If a Craft Approval Notice is delivered to the Disinterested GP Board in accordance
with Section 2.02(b)(i) above, the Disinterested GP Board shall consider the Transfer approved pursuant to such Craft Approval Notice at the next regularly scheduled meeting of the GP Board unless the Holder Transfer Request relating
thereto shall have been delivered to Craft less than fourteen (14) days prior to such GP Board meeting, in which case the Disinterested GP Board shall not be required to consider the Transfer so approved pursuant to such Craft Approval Notice
until the second regularly scheduled meeting of the GP Board following Craft’s receipt of such Holder Transfer Request (except that the Disinterested GP Board may, in its discretion, consider such approved Transfer prior to such date). In the
event that the GP Board shall have postponed or rescheduled any meeting of the GP Board, the Disinterested GP Board shall endeavor to consider such Craft Approval Notice as soon as reasonably practicable following the scheduled date of the meeting
that was so postponed or rescheduled. 
 (ii) Timing of Review of Holder Appeal Request. If Craft shall deny (or be
deemed to have denied) a Holder Transfer Request, the requesting Holder may submit a 

  

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Holder Appeal Request to the GP Board at least fifteen (15) days prior to the next regularly scheduled meeting of the GP Board unless such Holder
shall have received the Craft Denial Notice less than twenty (20) days prior to the next regularly scheduled meeting of the GP Board, in which case such Holder shall submit such Holder Appeal Request not later than fifteen (15) days prior
to the second next regularly scheduled meeting of the GP Board. If the Holder fails to submit a Holder Appeal Request within the timeframe described in the immediately preceding sentence, such Holder’s right to appeal with respect to the
applicable Craft Denial Notice shall be irrevocably forfeited. The Disinterested GP Board shall consider the Holder Appeal Request at the board meeting for which the Holder Appeal Request was submitted at least 15 days in advance thereof. In the
event that the GP Board shall have postponed or rescheduled any meeting of the GP Board, the Disinterested GP Board shall endeavor to consider such Holder Appeal Request as soon as reasonably practicable following the scheduled date of meeting that
was so postponed or rescheduled. 
 (iii) Schedule of GP Board Meetings. The General Partner anticipates that the GP
Board will hold regularly scheduled meetings on or about the last week of each of January, April, July and October and the first week of March and December of each year. In the event that the General Partner shall make a permanent change in the
number or approximate dates of such regularly scheduled GP Board meetings, the General Partner shall give written notice thereof to each Holder as soon as reasonably practicable following such change. The GP Board shall have the right, without prior
notice to any Holder, to postpone and reschedule any meeting of the GP Board, as shall be required or appropriate; provided that if the meeting postponed or rescheduled shall not occur within fifteen (15) days of the date of the meeting
that was postponed or rescheduled, the General Partner shall give written notice thereof to all Holders. The General Partner shall respond promptly and in writing to any written request by a Holder requesting confirmation of the actual date of any
regularly scheduled (or rescheduled) meeting of the GP Board. 
 (iv) Review of Craft Approval Notices and Holder Appeal
Requests. The Disinterested GP Board shall have the final authority and power to (A) approve as submitted, reject in whole or in part, or modify in any respect any Transfer request approved pursuant to a Craft Approval Notice, and
(B) approve, reject or modify, in whole or in part, any Transfer request made pursuant to a Holder Appeal Request, or approve a Transfer that is different from, in whole or in part, the Transfer that is requested pursuant to a Holder
Appeal Request. In rendering any decision with respect to any such Transfer request, the Disinterested GP Board shall act in good faith. In the case of review of a Craft Approval Notice or a Holder Appeal Request, the decision of the Disinterested
GP Board shall be final and shall not be subject to further appeal to the Disinterested GP Board (or to the GP Board). 
 (v)
Disinterested GP Board Notice. The Disinterested GP Board shall give written notice (the “Disinterested GP Board Notice”) to the Holder requesting the Transfer (with a copy to each other Holder) of its approval, rejection or
modification, as 

  

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the case may be, of any Transfer requested pursuant to a Craft Approval Notice or a Holder Appeal Request as soon as practicable following its determination
with respect thereto, but in any event not later than fifteen (15) days following the meeting of the Disinterested GP Board at which Transfer request shall be required to be considered (or as soon as practicable thereafter, but in any event not
later than 45 days following such meeting, if additional time shall be required, in the good faith judgment of the Disinterested GP Board, to evaluate the Transfer request and render a decision). If the Disinterested GP Board shall have denied or
modified a Transfer request, or if a different Transfer shall have been approved, the Disinterested GP Board Notice shall specify the reasons for such denial or modification, or approval of such different Transfer. In any case in which the
Disinterested GP Board shall have approved a Transfer request (an “Approved Transfer”), the Disinterested GP Board Notice shall specify (A) the total number of Restricted Securities that may be Transferred by all Holders
(the “Maximum Allotment”), (B) the method of distribution being authorized (whether public registration, Rule 144, 10b5-1 plan, redemption or otherwise), (C) the timetable for such Transfer,
(D) the number of Restricted Securities then held by such Holder and the number of Restricted Securities such Holder shall be permitted to Transfer (based on such Holder’s Ratable Ownership Stake without regard to the number of
additional Restricted Securities that such Holder may have an opportunity to Transfer in accordance with the over-allotment procedures as provided in clause (vi) below), and (E) such other information, terms, conditions or
limitations relating to the Approved Transfer as the Disinterested GP Board shall deem appropriate (including any ability of AHGP to suspend, delay or defer any Transfer due to, among other things, any acquisition or other transaction contemplated
to be entered into by AHGP, or any non-public event, in either case material to AHGP if the disclosure thereof which would materially adversely affect AHGP). 
 (vi) Pro Rata Participation; De Minimis Holders. If the Disinterested GP Board has authorized an Approved Transfer, the Holder that
initiated the Holder Transfer Request and each other Holder shall have the right to Transfer such number of Restricted Securities equal to, with respect to a Holder, the product of (A) the Maximum Allotment and (B) the
Ratable Ownership Stake of such Holder (such number, as to any Holder, an “Individual Allotment”). Each such Holder that desires to participate in the Approved Transfer (a “Participating Holder”) shall, within
fifteen (15) days of receipt of the Disinterested GP Board Notice relating thereto, provide written notice (a “Holder Participation Notice”) to the GP Board specifying the number of Restricted Securities that such Holder
desires to Transfer (up to the Individual Allotment of such Holder) in the Approved Transfer; provided, however, that each Participating Holder shall have successive pro rata over-allotment allocations among such Participating Holders
(based on the Ratable Ownership Stake of a Participating Holder requesting over-allotment in proportion to the Ratable Ownership Stakes of all Participating Holders requesting over-allotment) in the event that any Holder shall decide not to
participate in the Approved Transfer or any Participating Holder shall desire to sell less than such Holder’s Individual Allotment. Any Participating Holder that shall desire to Transfer more than such Holder’s Individual Allotment shall
specify in the Holder Participation Notice the 

  

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additional number of Restricted Securities desired to be sold by such Holder should over-allotment be available. Notwithstanding anything to the contrary
contained in this clause (vi), any Participating Holder that is a De Minimis Holder shall be permitted to include all such De Minimis Holder’s Restricted Securities in the Approved Transfer, and the aggregate number of Restricted Securities to
be Transferred by all De Minimis Holders shall be deducted from the Maximum Allotment prior to the calculation of any Individual Allotment or other pro rata allocations contemplated by this clause (vi). 
 (vii) Transferees Not Bound by This Agreement. Unless the Disinterested GP Board shall require, as part of the Approved Transfer,
that the transferees of the Restricted Securities that are the subject of such Approved Transfer become bound by this Agreement (in which case the Participating Holders shall require their respective transferees to become a party to, and bound by,
this Agreement by executing a Joinder), the Restricted Securities Transferred pursuant to any Approved Transfer shall, effective upon the date of Transfer, cease to be subject to the provisions of this Agreement. 
 (viii) Rules and Procedures. The Disinterested GP Board may establish and distribute to the Holders from time to time rules and
procedures for the making of any appeal of Craft’s decision to deny a Holder Transfer Request or making any presentation to the Disinterested GP Board. 
 (d) Limitations on Holder Transfer Requests. If any Transfer shall be approved by the Disinterested GP Board, and pending the consideration by Craft and the Disinterested GP Board of any Holder Transfer Request
or appeal related thereto as provided herein, neither Craft nor the Disinterested GP Board shall have any obligation to consider any other Holder Transfer Requests from any other Holder until (A) in the case of an Approved Transfer,
ninety (90) days after the date on which all Restricted Securities of the Participating Holders shall have been Transferred in connection with such Approved Transfer, or (B) in the case of any Transfer that is denied by Craft (and,
if appealed, also denied by the Disinterested GP Board), thirty (30) days following receipt of the Craft Denial Notice or, if appealed, the Disinterested GP Board Notice (provided such notice shall have been promptly mailed to the Holders),
unless in any such case Craft shall have otherwise consented (in his sole discretion by giving notice to all other Holders) to consider any additional Holder Transfer Requests prior to such date. 
 (e) Death or Disability of Craft. In the event of the death or disability of Craft, each Holder Transfer Request shall be delivered directly to
the Disinterested GP Board without giving effect to the provisions of this Section 2.02 requiring a Holder Transfer Request to be delivered first to Craft, in which case the provisions of this Section applicable to Craft, to the extent relating
to his right to approve a Holder Transfer Request and his obligations with respect thereto, shall not apply. 
 Section 2.03
Transfers to Family Members. From time to time and at any time and subject to any transfer restrictions imposed by the Underwriter Lock-Up Agreement to which a Holder is a party, each Holder shall have the right to sell, gift or transfer
Restricted Securities to any Family Member of such Holder (each such sale, gift or transfer, a “Family Transfer”) 
  

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provided that (i) the transferring Holder shall have given written notice of such Family Transfer to the General Partner (addressed to the attention of
the Secretary of the General Partner), and (ii) the Family Member transferee shall have agreed to become a party to, and be bound by, all of the terms and conditions of this Agreement applicable to the transferring Holder with respect to the
Restricted Securities so transferred by executing and delivering to the GP Board a joinder agreement substantially in the form attached hereto as Exhibit A (a “Joinder”). 
 Section 2.04 BOK Credit Facility Pledge. In connection with the transactions contemplated by the Purchase and Exchange Agreement, ARH II has
entered into the BOK Loan Documents and the SPG has, pursuant to a pledge agreement entered into in connection therewith, pledged to the lenders thereunder a security interest in certain of the Restricted Securities held by the SGP. The SGP shall
have the right to pledge (and from time to time re-pledge) such Restricted Securities as shall be required to be pledged by the terms of the BOK Loan Documents (a “BOK Pledge”). In furtherance thereof, each Holder acknowledges that
the lenders under the BOK Loan Documents shall have the right, under certain circumstances, to Transfer or require the SGP to Transfer, or register under the Securities Act or require the SGP to cause such registration of, up to all of the
Restricted Securities subject to the BOK Pledge. In such event, each Holder hereby (i) waives, and agrees not to exercise or assert, any right that such Holder may have to participate in any Transfer by such lenders of the Restricted Securities
subject to the BOK Pledge, (ii) waives, and agrees not to exercise or assert, any right to register under the Securities Act any of such Holder’s Restricted Securities pursuant to any registration rights to which such Holder shall be
entitled, including pursuant to the Registration Rights Agreement, and (iii) consents to the Transfer by the SGP (or the lenders, as secured party) of the Restricted Securities subject to the BOK Pledge without the consent of Craft and the
Disinterested GP Board pursuant to Section 2.02 hereof. Neither the lenders under the BOK Pledge, nor any transferee of such lenders upon the exercise of remedies under the BOK Loan Documents, shall be required to become a party to or bound by
this Agreement with respect to the Restricted Securities subject to such BOK Pledge; provided, however, that all such Restricted Securities so returned to the SGP upon the termination of the BOK Pledge shall remain subject to the
Transfer restrictions contained in this Agreement in accordance with the terms hereof. 
 Section 2.05 General Financing Pledge.
From time to time and at any time and subject to any transfer restrictions imposed by the Underwriter Lock-Up Agreement to which a Holder is a party, each Holder shall have the right to pledge to any financial institution or other financing party a
security interest in the Restricted Securities held by such Holder as collateral security for a loan (whether recourse or non-recourse) made by such financial institution or other financing party (a “Financing Pledge”);
provided that (i) the pledge and other financing documents prohibit the further Transfer of the Restricted Securities by such financial institution or other financing party, including prohibiting the sale or other Transfer of such
Restricted Securities upon the failure to repay such loan or other “event of default” with respect thereto, unless the Disinterested GP Board shall have otherwise consented to such sale or other Transfer in accordance with the procedures
set forth in Section 2.02 hereof (including granting to all other Holders the pro rata right to Transfer Restricted Securities held by the other Holders), and (ii) prior to entering into such Financing Pledge, such Holder shall have
delivered written notice thereof to Craft and the Disinterested GP Board, together with the loan agreement, pledge 

  

 13 

 
agreement and other material documents to be entered into by such Holder, substantially in the final form thereof. The rights granted pursuant to this
Section 2.05 are, as to the SGP, in addition to its BOK Pledge rights pursuant to Section 2.04 hereof. In the event that any financial institution shall Transfer any Restricted Securities (solely to the extent permitted by the
Disinterested GP Board), such financial institution and any transferee thereof shall not be required to execute a Joinder to become a party to or bound by this Agreement with respect to the Restricted Securities subject to such Financing Pledge
unless the Disinterested GP Board shall have so required; provided, however, that all such Restricted Securities so returned to the pledging Holder upon the termination of the Financing Pledge shall remain subject to the Transfer
restrictions contained in this Agreement in accordance with the terms hereof. 
 Section 2.06 Craft Transactions; Drag Along and Tag Along
Rights. Craft, any Affiliate of Craft or any Family Member or other Person identified in clause (iv) of the definition of Family Member (or subsequent Transfers among Craft or such Family Member or other Person) that is a Holder (a
“Craft Holder”) shall have the right to Transfer all, or any portion of, such Craft Holder’s Restricted Securities to any unrelated third party (a “Third Party Purchaser”) in a bona fide sale transaction based
on good faith, arm’s length negotiations (a “Craft Transaction”) provided that such Craft Holder complies with the provisions of this Section 2.06. The following Transfers or transactions shall not be deemed to constitute
a “Craft Transaction”: (i) the pledge by the SGP of Restricted Securities pursuant to the BOK Pledge and the subsequent sale or other Transfer of such pledged Restricted Securities by, or at the direction of, the lenders under the BOK
Loan Documents, (ii) any Transfer by a Craft Holder of any Restricted Securities to Craft or any Family Member or other Person (including a charitable foundation) identified in clause (iv) of the definition of Family Member (or subsequent
Transfers among Craft or such Family Member or other Person), (iii) any Financing Pledge or (iv) any Transfer by a Craft Holder in accordance with an Approved Transfer pursuant to Section 2.02 hereof. 
 (a) Notice of Craft Transaction. If a Craft Holder proposes to engage in a Craft Transaction, such Craft Holder shall give written notice thereof
(the “Craft Transaction Notice”) to each other Holder at least thirty (30) days prior to the date of the closing of the Craft Transaction. The Craft Transaction Notice shall set forth the proposed closing date of the Craft
Transaction and all material terms and conditions thereof, including (i) the total number of Restricted Securities that such Craft Holder is proposing to sell and (ii) the Individual Craft Holder Proportion of such Craft
Holder. The Craft Transaction Notice shall also be accompanied by any material agreements then in existence that are proposed to be entered into in connection therewith. The Craft Holder shall not be permitted to sell the Restricted Securities to
the Third Party Purchaser unless such Third Party Purchaser shall have agreed to purchase from the other Holders the number of Restricted Securities permitted (in the case of the “tag along” rights pursuant to paragraph (b) below) or
required (in the case of the “drag along” rights pursuant to paragraph (c) below) to be sold by such other Holders pursuant to this Section 2.06. 
 (b) Tag Along Rights. The Craft Holder delivering the Craft Transaction Notice shall first offer to all (but not less than all) other Holders the right to participate in such Craft Transaction on the same terms
and conditions as those offered to such Craft Holder; provided  

  

 14 

 
that each such other Holder shall have the right to sell in such Craft Transaction up to (but not more than) a number of Restricted Securities equal to the
product of (x) the total number of Restricted Securities held by such other Holder and (y) the Individual Craft Holder Proportion of such Craft Holder (such number of Restricted Securities as to such other Holder, the “Tag-Along
Securities”). Each such other Holder that desires to participate in such Craft Transaction (a “Tag-Along Holder”) shall, within ten (10) Business Days of receipt of the Craft Transaction Notice, deliver written notice
to such Craft Holder indicating such Tag-Along Holder’s intention to participate in such Craft Transaction and specifying the number of Tag-Along Securities such Tag-Along Holder would like to include in such Craft Transaction. Notwithstanding
anything to the contrary contained in this paragraph (b), any Tag-Along Holder that shall constitute a De Minimis Holder shall be permitted to include all such De Minimis Holder’s Restricted Securities (whether or not the Individual Craft
Proportion shall equal 100%) in such Craft Transaction, and the aggregate number of Restricted Securities to be Transferred by all De Minimis Holders shall, if required by the Third Party Purchaser, be deducted from the total number of securities to
be included in such Craft Transaction by such Craft Holder and all Tag-Along Holders, pro rata. Each Tag-Along Holder shall take any of the actions described in clauses (i), (ii) and (iii) of paragraph (c) of this Section 2.06 as
shall be necessary to consummate the Craft Transaction. 
 (c) Drag Along Rights. If any other Holder shall have elected to not sell
any of his, her or its Tag-Along Securities, or shall have elected to sell a portion (but not all) of Tag-Along Securities that such other Holder has the right to sell, in the applicable Craft Transaction, then the Craft Holder shall have the right,
but not the obligation, to cause all (but not less than all) such other Holders (the “Drag-Along Holders”) to sell (i.e., a “drag along”) all of the Tag-Along Securities of such Drag-Along Holder (or a portion thereof, so
long as such Drag-Along Holders are reduced ratably) on the same terms and conditions as those offered to such Craft Holder, in which case each such Drag-Along Holder shall sell in such Craft Transaction the number of Tag-Along Securities required
to be so sold by them by such Craft Holder. If the Craft Holder shall desire to “drag along” the Drag-Along Holders in such Craft Transaction, the Craft Holder shall send written notice thereof to the Drag-Along Holders within seven
(7) Business Days prior to the date of closing of the Craft Transaction, which notice shall (i) state that each Drag-Along Holder is being required by such Craft Holder to sell Restricted Securities in such Craft Transaction and
(ii) specify the number of Tag Along Securities that such Drag-Along Holder shall be required to sell to the Third Party Purchaser. At the closing of the Craft Transaction, the applicable Craft Holder and each other Drag-Along Holder
shall sell the number of Restricted Securities to be sold by such Craft Holder and the Drag-Along Holders in accordance with the provisions of paragraph (d) of this Section 2.06. With respect to any Craft Transaction in which a Drag-Along
Holder shall be required to sell Restricted Securities by a Craft Holder: 
 (i) if the Craft Transaction is structured as a
merger, consolidation or other reorganization, then the Holders will (x) tender all Restricted Securities held by each Holder in connection with such merger, consolidation or other reorganization and (y) if required or appropriate, vote in
favor of such merger, consolidation or other reorganization and waive any dissenter’s rights, appraisal rights or similar rights (if then available to them at law or otherwise) in connection therewith; 
  

 15 

 (ii) if at anytime the Craft Holder shall propose to cause AHGP to sell all or
substantially all of the assets of AHGP (in which case “Craft Transaction” within the meaning of paragraph (a) of this Section 2.06 shall be deemed to include such a sale) and such sale requires the approval of the Holders, then
each Holder shall take all such actions as shall be necessary to vote their Restricted Securities in favor of such asset sale; and 
 (iii) if at anytime the Craft Holder shall propose to cause AHGP to liquidate, dissolve or wind-up it affairs (in which case “Craft Transaction” within the meaning of paragraph (a) of this Section 2.06 shall be deemed to
include such liquidation, dissolution or winding-up) and such partnership action requires the approval of the Holders, then each Holder shall take all such actions as shall be necessary to vote their Restricted Securities in favor of such
liquidation, dissolution or winding-up and will consent to and raise no objections to such action. 
 (d) Closing of Craft
Transaction. All Tag-Along Holders that have elected to sell their Tag-Along Securities pursuant to paragraph (b) of this Section 2.06 and all Drag-Along Holders that shall be required to sell any Tag-Along Securities in accordance
with the provisions of paragraph (c) of this Section 2.06 (as such, a “Selling Holder”) shall, on or prior to the date of the closing thereof, duly execute and deliver such documents, certificates and other instruments on
the same terms and conditions as applicable to such Craft Holder (it being understood that each Selling Holder shall be entitled to receive the same type of consideration as that being received by the Craft Holder) and deliver to the Third Party
Purchaser such number of Restricted Securities that such Selling Holder has elected or is required to sell in such Craft Transaction (appropriately endorsed for transfer or with appropriate stock powers), and shall otherwise take such other actions
as shall be reasonably necessary or appropriate to carry out the terms and conditions of such Craft Transaction to the extent applicable to such Selling Holders. 
 (e) Transferees Not Bound by this Agreement. The Restricted Securities that are the subject of the Craft Transaction shall, effective upon the date of the closing thereof, cease to be subject to the provisions
of this Agreement unless the terms of the Craft Transaction shall require the transferee to become bound by, and a party to, this Agreement with respect to such Restricted Securities (in which case the Craft Holder and all Selling Holders shall
require their respective transferees to become a party to, and bound by, this Agreement by executing a Joinder). 
 Section 2.07
Ownership Change of Related Companies. It is the intent of the parties to this Agreement that any Holder that is at anytime on or after the date hereof a Related Company (and any direct or indirect parent Related Company thereof) of a
Management Person (or any Permitted Related Company Owner (as defined below), or any combination thereof) shall not have the right to achieve liquidity of the Restricted Securities held by such Related Company by selling or otherwise disposing of
Equity Rights in such Related Company or in any such direct or indirect parent Related Company thereof. It is also the intent of the parties hereto that, with respect to any Person that is a Holder on the date hereof, such Person shall not Transfer
any 

  

 16 

 
Restricted Securities to any Entity (except pursuant to Section 2.03 (Family Transfer), Section 2.04 (BOK Pledge), Section 2.05 (Financing
Pledge) and Section 2.06 (Craft Transaction)) unless, after giving effect to such Transfer, all of the Equity Rights of such Entity are, and shall at all times after the date of such Transfer remain, 100% legally and beneficially owned, either
directly or indirectly, by a Management Person and/or the individuals or trusts related to such Management Person and identified in clause (i)(B) and (i)(C) of the definition of Family Member, or any combination thereof (each such individual and
trust, a “Permitted Related Company Owner”). In furtherance thereof, each Management Person hereby agrees, on behalf of himself or herself and any other Holder that is a Related Company and is owned, directly or indirectly, by such
Management Person and/or any other Permitted Related Company Owner (whether such Related Company is a Holder on the date hereof or at any time after the date hereof in connection with a Family Transfer), that, at all times during which any such
Related Company shall own, directly or indirectly, any Restricted Securities, such Management Person shall cause all of the Equity Rights of each such Related Company to be and at all times remain 100% legally and beneficially owned, directly or
indirectly, by such Management Person and/or the Permitted Related Company Owners of such Management Person (or any combination thereof). 
 Section 2.08 Restrictive Legend. The certificates representing the Restricted Securities shall bear the following legend, in addition to all other legends required by law: 
 “THE COMMON UNITS REPRESENTED HEREBY AND THE SALE, ASSIGNMENT, GIFT, TRANSFER, PLEDGE OR OTHER DISPOSITION THEREOF ARE SUBJECT TO CERTAIN
RESTRICTIONS CONTAINED IN A TRANSFER RESTRICTIONS AGREEMENT (AS THE SAME MAY BE AMENDED) AMONG C-HOLDINGS, LLC, ALLIANCE GP, LLC, ALLIANCE HOLDINGS GP, L.P., ALLIANCE RESOURCE GP, LLC, ALLIANCE RESOURCE HOLDINGS II, INC., ALLIANCE RESOURCE HOLDINGS,
INC., CERTAIN INDIVIDUALS NAMED THEREIN AND THE OTHER PARTIES FROM TIME TO TIME A PARTY THERETO. THE TRANSFER RESTRICTIONS AGREEMENT LIMITS THE SALE, ASSIGNMENT, GIFT, TRANSFER, PLEDGE OR OTHER DISPOSITION OF THESE COMMON UNITS. A COPY OF THE
TRANSFER RESTRICTIONS AGREEMENT AND ALL APPLICABLE AMENDMENTS THERETO WILL BE FURNISHED BY ALLIANCE HOLDINGS GP, L.P. TO THE HOLDER HEREOF WITHOUT CHARGE UPON WRITTEN REQUEST TO ALLIANCE HOLDINGS GP, L.P. AT ITS PRINCIPAL PLACE OF BUSINESS OR
REGISTERED OFFICE.” 
 Section 2.09 Transfer Restrictions Agreement Supercedes Registration Rights Agreement. Each Holder
acknowledges and agrees that so long as this Agreement shall remain in effect, such Holder may not exercise any registration rights (whether demand or piggyback or otherwise) granted under that certain Amended and Restated Registration Rights
Agreement, dated as of June 13, 2006, by and among AHGP, the General Partner, AMH, AMH II and the SGP, with respect to the Restricted Securities, or otherwise available to such Holder pursuant to the limited partnership agreement of AHGP,
except as otherwise permitted by the Disinterested GP Board in connection with any Approved Transfer; provided, however, that nothing contained herein shall prohibit the SGP from exercising any registration rights (demand or piggyback
or 

  

 17 

 
otherwise) available to the SGP under such Amended and Restated Registration Rights Agreement or such limited partnership agreement, or otherwise, to the
extent required by the terms of any BOK Loan Document. 
 ARTICLE III. 
 MISCELLANEOUS 
 Section 3.01 Term. This Agreement shall
terminate upon the earlier of (i) the Transfer of all Restricted Securities pursuant to one or more Approved Transfers in which the Disinterested GP Board has determined that each transferee thereof shall not be required to be bound by the
provisions of this Agreement and (ii) the consent of Holders holding at least 80% of the Restricted Securities of all Holders. 
 Section 3.02 Transfers in Violation of this Agreement. Any Transfer or attempted Transfer of any Restricted Securities in violation of any provision of this Agreement shall be void, and AHGP shall not record such Transfer on its
books and records or treat any purported transferee of such Restricted Securities as the owner thereof for any purpose. 
 Section 3.03
Notices. All notices and other communications required or permitted to be given hereunder shall be made in writing and given by U.S. mail, facsimile, email, courier service or personal delivery, as follows: 
 If to Craft (in his individual capacity), C-Holdings, the General Partner, AHGP, ARH II or the SGP, to: 
 Joseph W. Craft III 
 1717 South Boulder
Avenue 
 Tulsa, Oklahoma 74119 
 Facsimile: (918) 295-7361 
 Email: Joe.Craft@arlp.com 
 with a copy to: 
 Alliance GP, LLC

 1717 South Boulder Avenue 
 Tulsa, Oklahoma 74119 
 Attention: Secretary 
 Facsimile: (918) 295-7361 
 Email: Tom.Pearson@arlp.com 
 If to a Management Holder, to the address specified on Schedule I attached hereto. 
 If to any other Holder, to the address of such Holder as reflected on the books and records of the AHGP. 
  

 18 

 After the date hereof, (i) a Management Holder or any other Holder may designate a different address
for delivery of notices to such Management Holder or other Holder by providing written notice of such change to AHGP, and (ii) any other party hereto may designate a different address for delivery of notices to such party by providing written
notice to each other party to this Agreement. All such notices and communications shall be deemed to have been received at the time delivered by hand, if personally delivered; when receipt is acknowledged, if sent via facsimile or sent via Internet
electronic mail; three (3) Business Days after mailing, if sent by U.S. first class mail, postage prepaid, return receipt requested, and one (1) Business Day after dispatch to any reputable express courier service if sent by overnight
express courier service. 
 Section 3.04 Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon
(i) in the case of any party hereto that is an Entity, such Entity’s successors, and (ii) in the case of any other Holder, any Transferee of such Holder that is required by the terms hereof to become a party to, and bound by, this
Agreement by executing a Joinder. 
 Section 3.05 Specific Performance. Damages in the event of breach of this Agreement by a
party hereto may be difficult, if not impossible, to ascertain, and it is therefore agreed that each such party, in addition to and without limiting any other remedy or right it may have, will have the right to an injunction or other equitable
relief in any court of competent jurisdiction, enjoining any such breach, and enforcing specifically the terms and provisions hereof, and each of the parties hereto hereby waives any and all defenses it may have on the ground of lack of jurisdiction
or competence of the court to grant such an injunction or other equitable relief. The existence of this right will not preclude any such party hereto from pursuing any other rights and remedies at law or in equity which such party may have.

 Section 3.06 Counterparts. This Agreement may be executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same Agreement. 
 Section 3.07. Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the
meaning hereof. 
 Section 3.08 Governing Law; Consent to Jurisdiction. The laws of the State of Delaware shall govern this
Agreement without regard to principles of conflict of laws or choice of law rule that would cause the application of the laws of any jurisdiction other than the State of Delaware. The parties hereto consent to the jurisdiction of the District Court
in the State of Oklahoma and the Federal courts for the State of Oklahoma, in each case located in Tulsa, Oklahoma. 
 Section 3.09
Severability of Provisions. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof or affecting or impairing the validity or enforceability of such provision in any other jurisdiction. 
  

 19 

 Section 3.10 Entire Agreement. This Agreement is intended by the parties as a final
expression of their agreement and intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein. There are no restrictions, promises, warranties or
undertakings, other than those set forth or referred to herein. This Agreement supersedes all prior agreements and understandings between the parties with respect to such subject matter. 
 Section 3.11 Amendments, Modifications or Waivers. Neither this Agreement nor any provision hereof shall be amended, modified or waived
without the prior written consent of Holders holding at least eighty percent (80%) of the Restricted Securities held by all Holders, in which case such amendment, modification or waiver shall be binding upon all such Holders whether or not
consented to by all such Holders. 
 Section 3.12. Arbitration. In the event of any dispute, controversy or claim arising out of,
relating to or in connection with this Agreement, the subject matter hereof or any actions taken or failed to be taken in connection herewith (as such, a “Dispute”), the disputing parties hereto agree that they shall submit any
unresolved Disputes to binding arbitration by three arbitrators as appointed by JAMS (or as the disputing parties shall otherwise agree) at a location in Tulsa, Oklahoma (or such other location as the disputing parties shall agree) within ten
(10) calendar days of the request for arbitration (the “Arbitrators”). At least two of the three Arbitrators shall have more than 10 years judicial experience in deciding complex commercial disputes, and all Arbitrators shall
have experience, in general, in matters that are similar to the subject matter of the Dispute. The disputing parties shall meet with the Arbitrators, and shall make such presentations and submit such documentation, as the Arbitrators shall permit or
require and in accordance with a timetable established by the Arbitrators; provided that the Arbitrators shall render their decision with respect to the Dispute in accordance with the timetable established by the Arbitrators but in no event
later than twenty (20) calendar days following the last date on which presentations to the Arbitrators shall have been made. The fees, costs and expenses incurred by the Arbitrators and JAMS (or such other firm mutually agreed upon by the
disputing parties) shall be borne equally by the disputing parties, and the disputing parties shall each be responsible for all of their own legal fees and expenses and other costs and expenses incurred by them in connection with such Dispute. The
decision of a majority (or more) of the Arbitrators shall be binding and non-appealable (absent manifest error) on the parties to the Dispute, and the Arbitrators will, in reaching their determinations, be authorized to decide only the specific
matters presented to them and will be bound by the provisions of this Agreement and will not add to, subtract from or otherwise modify the provisions hereof. Any determination made by the Arbitrators may be entered in any court having proper
jurisdiction. The Arbitrators will apply the law of the jurisdiction governing this Agreement, without regard to conflicts of laws principles. The disputing parties agree that no party shall file suit to enjoin such arbitration or to determine the
applicability or legality of such arbitration; provided that a party may file an action in any federal or state court of competent jurisdiction to compel such arbitration. 
 Section 3.13 No Presumption. In the event any claim is made by a party relating to any conflict, omission, or ambiguity in this Agreement, no
presumption or burden of proof or persuasion shall be implied by virtue of the fact that this Agreement was prepared by or at the request of a particular party or its counsel. 
 [Signature Pages Follow] 
  

 20 

 IN WITNESS WHEREOF, the parties to this Transfer Restrictions Agreement have caused it to be duly
executed as of the date first above written. 
  

			
	ALLIANCE HOLDINGS GP, L.P.
		
	By:	 	Alliance GP, LLC,
		 	its General Partner

  

					
		 	By:	 	 /s/ Joseph W. Craft III

		 		 	Joseph W. Craft III
		 		 	President

  

			
	ALLIANCE GP, LLC
		
	By:	 	 /s/ Joseph W. Craft III

		 	Joseph W. Craft III
		 	President
	
	C-HOLDINGS, LLC
		
	By:	 	 /s/ Joseph W. Craft III

		 	Joseph W. Craft III
		 	President
	
	ALLIANCE RESOURCE HOLDINGS II, INC.
		
	By:	 	 /s/ Joseph W. Craft III

		 	Joseph W. Craft III
		 	President

  

 Signature Page to Transfer Restrictions Agreement 

			
	ALLIANCE RESOURCE HOLDINGS, INC.
		
	By:	 	 /s/ Joseph W. Craft III

		 	Joseph W. Craft III
		 	President
	
	ALLIANCE RESOURCE GP, LLC
		
	By:	 	 /s/ Joseph W. Craft III

		 	Joseph W. Craft III
		 	President
	
	THE MANAGEMENT HOLDERS:
	
	 /s/ Joseph W. Craft III

	Joseph W. Craft III, in his individual capacity and in his capacity as a Management Holder
	
	Joseph W. Craft III Grantor Retained Annuity Trust dated February 27, 2006
		
	By:	 	 /s/ Joseph W. Craft III

		 	Joseph W. Craft III, Trustee
	
	Joseph W. Craft III 2006 Irrevocable Trust
	FBO Joseph W. Craft IV dated February 27, 2006
		
	By:	 	 /s/ A. Wellford Tabor

		 	A. Wellford Tabor, Trustee

  

 Signature Page to Transfer Restrictions Agreement 

			
	Joseph W. Craft III 2006 Irrevocable Trust
	FBO Caroline B. Fiddes dated February 27, 2006
		
	By:	 	 /s/ A. Wellford Tabor

		 	A. Wellford Tabor, Trustee
	
	Joseph W. Craft III 2006 Irrevocable Trust
	FBO Ryan E. Craft dated February 27, 2006
		
	By:	 	 /s/ A. Wellford Tabor

		 	A. Wellford Tabor, Trustee
	
	Joseph W. Craft III 2006 Irrevocable Trust
	FBO Kyle O. Craft dated February 27, 2006
		
	By:	 	 /s/ A. Wellford Tabor

		 	A. Wellford Tabor, Trustee
	
	 /s/ Thomas L. Pearson

	Thomas L. Pearson
	
	 /s/ Charles R. Wesley

	Charles R. Wesley
	
	The Charles R. Wesley Family Trust Irrevocable
	Trust Agreement, dated March 28, 2006
		
	By:	 	 /s/ Nancy Wesley

		 	Nancy Wesley, Trustee
	
	 /s/ Gary J. Rathburn

	Gary J. Rathburn

  

 Signature Page to Transfer Restrictions Agreement 

			
	 /s/ David A. Gilbert

	David A. Gilbert
	
	 /s/ Cary P. Marshall

	Cary P. Marshall
	
	 /s/ Thomas M. Wynne

	Thomas M. Wynne
	
	The Thomas M. Wynne Family Trust
	Irrevocable Trust Agreement, dated March 28, 2006
		
	By:	 	 /s/ Cindy J. Wynne

		 	Cindy J. Wynne, Trustee
	
	 /s/ Dale G. Wilkerson

	Dale G. Wilkerson
	
	 /s/ Kendall Barret

	Kendall Barret
	
	 /s/ S. Paul Mackey

	S. Paul Mackey
	
	 /s/ Bret T. Hardwick

	Bret T. Hardwick
	
	 /s/ Alan K. Boswell

	Alan K. Boswell
	
	 /s/ George C. Tichnell

	George C. Tichnell
	
	 /s/ Alan B. Smith

	Alan B. Smith
	
	 /s/ Michael R. Rieck

	Michael R. Rieck
	
	 /s/ John Tanner

	John Tanner

  

 Signature Page to Transfer Restrictions Agreement 

 Exhibit A 
 FORM OF JOINDER 
 TO 
 TRANSFER RESTRICTIONS AGREEMENT 
 The undersigned is executing and delivering this Joinder
pursuant to the Transfer Restrictions Agreement, dated as of June 13, 2006 (as the same may hereafter be amended, the “Transfer Restrictions Agreement”), by and among Alliance Holdings GP, L.P., a Delaware limited partnership
(“AHGP”), Alliance GP, LLC, and the other individuals and entities named as parties therein. 
 By executing and delivering this Joinder to
AHGP, the undersigned hereby agrees to become a party to and bound by, and to comply with the provisions of, the Transfer Restrictions Agreement as a “Holder” (as defined therein) in the same manner as if the undersigned were an original
signatory thereto. 
 Accordingly, the undersigned has executed and delivered this Joinder as of the      day of
                    , 200  . 
  

	
	  

	Signature of Joining Party
	
	Print Name of Joining Party
	
	Address:Amended and Restated Registration Rights Agreement

 Exhibit 4.2 
 EXECUTION COPY 
 AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT 
 AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of June 13, 2006, is by and among Alliance Holdings
GP, L.P., a Delaware limited partnership (“AHGP”), Alliance GP, LLC, a Delaware limited liability company (the “General Partner”), Alliance Management Holdings, LLC, a Delaware limited liability company
(“AMH”), AMH II, LLC, a Delaware limited liability company (“AMH II”), and Alliance Resource GP, LLC, a Delaware limited liability company (the “SGP” and, together with AMH and AMH II, the
“Initial Investor Companies”), which Agreement amends and restates in its entirety that certain Registration Rights Agreement entered into by the parties hereto on May 15, 2006 (the “Original Agreement”).

 WHEREAS, in connection with the initial public offering of Common Units of AHGP (the “AHGP Initial Public Offering”),
AHGP, the General Partner and the Initial Investor Companies have entered into that certain Contribution Agreement dated as of November 18, 2005 (the “Contribution Agreement”), pursuant to which the Initial Investor Companies
received Common Units of AHGP in exchange for their respective interests in Alliance Resource Partners, L.P. (“ARLP”); 
 WHEREAS, as set forth in the Contribution Agreement, the Initial Investor Companies are, within 30 days of the AHGP Initial Public Offering, required to dissolve and distribute the assets of each thereof to their respective limited
liability company members, including all Common Units of AHGP received by the Initial Investor Companies pursuant to the Contribution Agreement; 
 WHEREAS, the Original Agreement contemplated that the registration rights granted to the Initial Investor Companies pursuant to the terms thereof would be for the benefit of the Original Investor Companies and their respective members, and
certain transferees thereof; 
 WHEREAS, contemporaneously with the execution and delivery hereof, each of AMH and AMH II are being
dissolved; 
 WHEREAS, the parties hereto desire to enter into this Agreement to clarify certain of the provisions of the Original Agreement;
and 
 WHEREAS, in connection with, and in consideration of, the transactions contemplated by the Contribution Agreement, the Initial
Investor Companies have requested, and AHGP and the General Partner have agreed to provide, registration rights with respect to the Registrable Securities (as hereinafter defined), as set forth in this Agreement. 
 NOW, THEREFORE, for and in consideration of the foregoing recitals, mutual covenants and agreements contained herein and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows: 

 ARTICLE I. 
 DEFINITIONS 
 “Affiliate” shall have the meaning ascribed to such term in
Rule 12b-2 of the general rules and regulations under the Securities Exchange Act of 1934, as in effect on the date of this Agreement. 
 “Agreement” has the meaning specified in the introductory paragraph hereto. 
 “AHGP” has the
meaning set forth in the introductory paragraph hereto. 
 “AHGP Initial Public Offering” has the meaning set forth in the
recitals hereto. 
 “AMH” has the meaning specified in the introductory paragraph hereto. 
 “AMH II” has the meaning specified in the introductory paragraph hereto. 
 “ARLP” has the meaning set forth in the recitals hereto. 
 “Board of Directors” means the board of directors of the General Partner. 
 “Business Day” means any day other than a Saturday, Sunday, or a legal holiday for commercial banks in Wilmington, Delaware. 
 “Closing” has the meaning set forth in the Contribution Agreement. 
 “Commission” means the U.S. Securities and Exchange Commission. 
 “Common Units” means the common
units of AHGP, representing limited partner interests, that are publicly traded on the Nasdaq National Market. 
 “Contribution
Agreement” has the meaning set forth in the recitals hereto. 
 “Effectiveness Period” has the meaning specified in
Section 2.03(a) of this Agreement. 
 “Equity Rights” shall mean (i) all shares of capital stock, all limited
liability company interests, all rights to the income, gain, loss or deduction of any partnership or other entity, all profit sharing rights or stock appreciation rights or phantom stock rights (or any similar interest), (ii) all options or
warrants (or similar rights) that are exercisable or exchangeable for or convertible into any of the items described in clause (i) hereof, and (iii) all debt instruments or other instruments or securities that are convertible into or
exchangeable for any of the items described in clause (ii) or (iii) hereof. 
 “Exchange Act” shall mean the
Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder. 
  

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 “Family Member” 
 (i) with respect to any owner of the limited liability company interests of AMH or AMH II at the time of the dissolution thereof that is
an individual person, (A) such owner’s spouse, parent, child, grandchild or sibling, (B) any trust in which 100% of the beneficial and other economic interests are held by such owner, such owner’s spouse, parent,
child, grandchild or sibling, or any combination thereof, (C) any corporation, partnership, limited liability company or other entity in which 100% of the Equity Rights are legally and beneficially owned, directly or indirectly, by such
owner or any of the person’s described in clause (A) or (B), or any combination thereof, or (D) any private foundation established by such owner for charitable purposes; 
 (ii) with respect to any owner of the limited liability company interests of AMH or AMH II at the time of the dissolution thereof that is
a trust, (A) the individual person from whom such trust shall have received its limited liability company interests in AMH or AMH II, as the case may be, and (B) any of the person’s, trusts or entities described in
clause (A), (B) or (C) of clause (i) hereof to the extent related to such individual transferor; 
 (iii) with
respect to the SGP, (A) Joseph W. Craft III, (B) any of the persons, trusts or entities described in clause (A), (B) or (C) of clause (i) hereof to the extent related to Joseph W. Craft III, and
(C) any private foundation established by Joseph W. Craft III for charitable purposes. 
 “General Partner” has
the meaning set forth in the introductory paragraph hereto. 
 “Included Registrable Securities” has the meaning specified
in Section 2.04(a) of this Agreement. 
 “Initial Investor Companies” has the meaning specified in the introductory
paragraph hereto. 
 “Initial Investors” means the Initial Investor Companies and each transferee thereof who is a member of
a Registration Rights Group and any other Person who is a permitted transferee or assignee thereof and becomes bound by this Agreement in accordance with the provisions of Section 2.12 of this Agreement. 
 “Losses” has the meaning specified in Section 2.10(a) of this Agreement. 
 “Managing Underwriter” means, with respect to any Underwritten Offering, the book running lead manager of such Underwritten Offering.

 “Original Agreement” has the meaning set forth in the recitals hereto. 
 “Person” means any individual, corporation, company, voluntary association, partnership, joint venture, trust, limited liability
company, unincorporated organization, government or any agency, instrumentality or political subdivision thereof, or any other form of entity. 
  

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 “Piggyback Registration” has the meaning specified in Section 2.04(a) of this
Agreement. 
 “Registrable Security” means the Common Units until such time as such securities cease to be Registrable
Securities pursuant to Section 2.02 of this Agreement. 
 “Registration Expenses” has the meaning specified in
Section 2.09 of this Agreement. 
 “Registration Rights Group” means each of the Initial Investor Companies and shall
include: 
 (i) in the case of the SGP, any Family Member of the SGP to whom the SGP shall have transferred Restricted
Securities held by the SGP on the date of the Closing; 
 (ii) in the case of AMH, the owners of the limited liability company
interests of AMH at the time of its dissolution, together with any Family Member of such AMH owner if such Family Member shall have received from such AMH owner, upon transfer, Registrable Securities that such AMH owner held and that were originally
held by AMH; and 
 (iii) in the case of AMH II, the owners of the limited liability company interests of AMH II at the time
of its dissolution, together with any Family Member of such AMH II owner if such Family Member shall have received from such AMH II owner, upon transfer, Registrable Securities that such AMH II owner held and that were originally held by AMH II.

 “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations of the Commission
promulgated thereunder. 
 “Selling Expenses” has the meaning specified in Section 2.09 of this Agreement. 

“SGP” has the meaning specified in the introductory paragraph hereto. 
 “Shelf Registration” has the meaning specified in Section 2.03(a) of this Agreement. 
 “Shelf Registration Statement” has the meaning specified in Section 2.03(a) of this Agreement. 
 “Transfer” means any sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law or
otherwise. 
 “Underwritten Offering” means an offering (including an offering pursuant to a Shelf Registration Statement)
in which Common Units are sold to an underwriter on a firm commitment basis for reoffering to the public or an offering that is a “bought deal” with one or more investment banks. 
  

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 ARTICLE II. 
 REGISTRATION RIGHTS 
 Section 2.01 Registration Rights. Following the AHGP Initial
Public Offering and subject to the terms and limitations set forth in this Article II, each Registration Rights Group shall be entitled to one demand registration right; provided, however, that, subject to the provisions of
Section 2.12 (with respect a 50% transferee), solely with respect to the Registration Rights Group related to AMH and AMH II, the demand registration right granted to such Registration Rights Group shall only be exercisable by
(i) in the case of the Registration Rights Group related to AMH, the written consent of the members of AMH at the time of its dissolution holding at least 70% of the outstanding limited liability company interests of AMH calculated as of
the date of the Closing, and (ii) in the case of the Registration Rights Group related to AMH II, the written consent of the members of AMH II at the time of its dissolution holding at least 70% of the outstanding limited liability
company interests of AMH II calculated as of the date of the Closing; and, provided, further, that no demand registration request shall be made prior to the expiration of the 180-day “lock-up” period following completion of
the AHGP Initial Public Offering. The Initial Investor Companies, and each permitted transferee of registration rights pursuant to Section 2.12 (including each member of a Registration Rights Group), shall have unlimited piggy back registration
rights, each as more fully described in this Article II. 
 Section 2.02 Registrable Securities. Any Registrable Security will cease
to be a Registrable Security when (a) a registration statement covering such Registrable Security has been declared effective by the Commission and such Registrable Security has been sold or disposed of pursuant to such effective registration
statement; (b) such Registrable Security has been disposed of pursuant to any section of Rule 144 (or any similar provision then in force under the Securities Act); or (c) such Registrable Security is held by AHGP or one of its
subsidiaries. 
 Section 2.03 Shelf Registration. 
 (a) Shelf Registration. Within 60 days following receipt of a written request for the benefit of all the Registrable Securities held by a Registration Rights Group, AHGP shall prepare and file a registration
statement under the Securities Act to permit the public resale of the Registrable Securities pursuant to such registration statement, including a registration statement permitting the public resale of the Registrable Securities from time to time
pursuant to Rule 415 of the Securities Act (the “Shelf Registration Statement”). Such written request shall describe the plan of distribution for such Registrable Securities, which plan may include, without limitation, sales through
the facilities of the principal trading market on which securities of the same class as the Registrable Securities are then traded, sales pursuant to an Underwritten Offering, or both. AHGP shall use its commercially reasonable efforts to cause the
Shelf Registration Statement to become effective no later than 120 days after the date of filing such Shelf Registration Statement (the “Shelf Registration”). A Shelf Registration Statement filed pursuant to this
Section 2.03(a) shall be on such appropriate registration form of the Commission as shall be selected by AHGP; provided, however, that if a prospectus supplement will be used in connection with the marketing of an Underwritten
Offering from the Shelf Registration Statement and the Managing Underwriter at any time notifies AHGP in writing that, in the sole judgment of such Managing Underwriter, inclusion of detailed information to be used in such prospectus supplement is
of 

  

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material importance to the success of the Underwritten Offering of such Registrable Securities, AHGP shall use its commercially reasonable efforts to include
such information in the prospectus. AHGP will cause the Shelf Registration Statement filed pursuant to this Section 2.03(a) to be continuously effective under the Securities Act until all Registrable Securities covered by the Shelf Registration
Statement have been distributed in the manner set forth and as contemplated in the Shelf Registration Statement or there are no longer any Registrable Securities outstanding (the “Effectiveness Period”). The Shelf Registration
Statement when declared effective by the Commission (including the documents incorporated therein by reference) will comply as to form in all material respects with all applicable requirements of the Securities Act and the Exchange Act and will not
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. 
 (b) Delay Rights. Notwithstanding anything to the contrary contained herein, AHGP: (i) may delay its obligation to file any Shelf Registration Statement if (1) within 30 days of receipt of a
written request from any Registration Rights Group, AHGP notifies the requesting Registration Rights Group of AHGP’s intention of effecting a public offering within 60 days, provided, that prior to the receipt of such request, AHGP has
taken affirmative steps in contemplation of such public offering, (2) AHGP is pursuing an acquisition, merger, reorganization, disposition or other similar transaction and AHGP determines in good faith that AHGP’s ability to pursue or
consummate such a transaction would be materially adversely affected by any required disclosure of such transaction in the Shelf Registration Statement, or (3) AHGP has experienced some other material non-public event the disclosure of which at
such time is not required by law or, in the good faith judgment of AHGP, would materially adversely affect AHGP, then, in each case, AHGP may defer filing the Shelf Registration Statement for up to 60 days; provided, however, that AHGP
shall not exercise its right to delay filing the Shelf Registration Statement more than once in any 12 month period (excluding any delays in filing a registration statement or post-effective amendment pursuant to Section 2.12 hereof);
(ii) may, upon written notice to any Registration Rights Group whose Registrable Securities are included in the Shelf Registration Statement, suspend such Registration Rights Group’s use of any prospectus which is a part of the Shelf
Registration Statement (in which event the Registration Rights Group shall discontinue sales of the Registrable Securities pursuant to the Shelf Registration Statement) for up to 60 days if (1) AHGP is pursuing an acquisition, merger,
reorganization, disposition or other similar transaction and AHGP determines in good faith that AHGP’s ability to pursue or consummate such a transaction would be materially adversely affected by any required disclosure of such transaction in
the Shelf Registration Statement or (2) AHGP has experienced some other material non-public event the disclosure of which at such time is not required by law or, in the good faith judgment of AHGP, would materially adversely affect AHGP;
provided, however, that AHGP shall not exercise its right to suspend any Registration Rights Group’s use of any prospectus more than twice in any 12-month period. Upon disclosure of such information or the termination of the
condition described in this Section 2.03(b), AHGP shall provide prompt notice to the Registration Rights Group whose Registrable Securities are included in the Shelf Registration Statement, and shall promptly terminate any suspension of sales
it has put into effect and shall take such other actions to permit registered sales of Registrable Securities as contemplated in this Agreement. 
  

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 Section 2.04 Piggyback Registration. 
 (a) Participation. If AHGP at any time proposes to file a registration statement (including a Shelf Registration Statement and including any
registration statement intended to satisfy the requirements of Section 2.03(a) of this Agreement) for the sale of Common Units to the public for its own account or the account of any Unitholder other than (x) a registration relating solely
to employee benefit plans, (y) a registration relating solely to a Rule 145 transaction, or (z) a registration on any registration form which does not permit secondary sales, then, as soon as practicable following the engagement of counsel
to AHGP to prepare the registration statement, AHGP shall give notice of such proposed filing for the registration to the Initial Investors and such notice shall offer the Initial Investors the opportunity to include in such registration such number
of Registrable Securities as each such Initial Investor may request in writing (a “Piggyback Registration”). Each Initial Investor shall have 15 days after receipt of such notice to elect to have all (or such portion as the Initial
Investor shall specify) of its Registrable Securities included in such registration. In addition, if AHGP at any time proposes to file a prospectus supplement with respect to an Underwritten Offering to a Shelf Registration Statement under which the
Initial Investors have registered the sale of Registrable Securities, then, as soon as practicable following the engagement of counsel to AHGP to prepare the documents to be used in connection with an Underwritten Offering, AHGP shall give notice of
such proposed Underwritten Offering to each Initial Investor and such notice shall offer each Initial Investor the opportunity to include in such Underwritten Offering such number of Registrable Securities as each such Initial Investor may request
in writing; provided, however, that AHGP shall not be required to offer such opportunity to Initial Investors if AHGP has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of
the Initial Investors will have an adverse effect on the price, timing or distribution of the Common Units. No Initial Investor may exercise its right to participate in a Piggyback Registration with respect to sales to be made from an effective
shelf registration on which such Initial Investors’ Registrable Securities are not registered for resale, except that if the Board of Directors determines that its in the best interest of AHGP, then AHGP may use the net proceeds from any
Underwritten Offering to repurchase some or all Registrable Securities from any of the Initial Investors. Subject to the provisions in this Section 2.04(a) and Section 2.04(b), AHGP shall include in such Underwritten Offering all such
Registrable Securities (“Included Registrable Securities”) with respect to which AHGP has received requests within (i) one business day in the event of the filing of a prospectus supplement and (ii) five business days with
respect to the use of a preliminary prospectus supplement after AHGP’s notice has been delivered in accordance with Section 2.04. If no request for inclusion from an Initial Investor is received within the specified time, such Initial
Investor shall have no further right to participate in such Piggyback Registration. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, AHGP shall
determine for any reason not to undertake or to delay such Underwritten Offering, AHGP may, at its election, give written notice of such determination to the selling Initial Investors and, (x) in the case of a determination not to undertake
such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (y) in the case of a determination to delay such Underwritten Offering,
shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. 
  

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 (b) Priority of Piggyback Registration. If the Managing Underwriter or Underwriters of any
proposed Underwritten Offering of Common Units included in a Piggyback Registration advises AHGP that the total amount of Common Units which the selling Initial Investors and any other Persons intend to include in such Underwritten Offering exceeds
the number which can be sold in such offering without being likely to have an adverse effect on the price, timing or distribution of the Common Units offered or the market for the Common Units, then the Common Units to be included in such
Underwritten Offering shall include all of the Common Units that AHGP intends to include in such Underwritten Offering, plus the number of Registrable Securities that such Managing Underwriter or Underwriters advises AHGP can be sold without having
such adverse effect, with such number to be allocated pro rata among the selling Initial Investors who have requested participation in the Piggyback Registration (based, for each such selling Initial Investor, on the percentage derived by dividing
(A) the number of Registrable Securities proposed to be sold by such selling Initial Investor in such offering; by (B) the aggregate number of Common Units proposed to be sold by the selling Initial Investors and any other Persons
participating in the Piggyback Registration to be included in such offering). Notwithstanding the foregoing, if the registration statement was filed to meet the requirements of Section 2.03(a), then the Registration Rights Group that requested
such registration shall have priority over AHGP and any other selling Initial Investors in determining the number of Common Units that may be included in such Underwritten Offering. 
 Section 2.05 Underwritten Offerings. 
 (a) Shelf Registration. If an Initial Investor elects to dispose of Registrable Securities in an Underwritten Offering, AHGP shall enter into an underwriting agreement in customary form with the Managing Underwriter or Underwriters,
which shall include, among other provisions, indemnities to the effect and to the extent provided in Section 2.10, and shall take all such other reasonable actions as are requested by the Managing Underwriter in order to expedite or facilitate
the registration and disposition of the Registrable Securities. 
 (b) General Procedures. In connection with any Underwritten
Offering pursuant to a Shelf Registration Statement filed at the request of a Registration Rights Group pursuant to Section 2.03 hereof, such Registration Rights Group, with the consent of AHGP, shall be entitled to select the Managing
Underwriter or Underwriters. The consent of AHGP to the selection of the Managing Underwriter or Underwriters shall not be unreasonably withheld. In all other cases, AHGP shall select the Managing Underwriter or Underwriters. In connection with an
Underwritten Offering pursuant to Sections 2.03 or 2.04 hereof, each Initial Investor and AHGP shall be obligated to enter into an underwriting agreement which contains such representations, covenants, indemnities and other rights and obligations as
are customary in underwriting agreements for firm commitment offerings of securities. No Initial Investor may participate in such Underwritten Offering unless such Initial Investor agrees to sell its Registrable Securities on the basis provided in
such underwriting agreement and completes and executes all questionnaires, powers of attorney, indemnities and other documents reasonably required under the terms of such underwriting agreement. Each Initial Investor may, at its option, require that
any or all of the representations and warranties by, and the other agreements on the part of, AHGP to and for the benefit of such underwriters also be made to and for such Initial Investor’s benefit and that any or all of the conditions
precedent to the obligations of such underwriters under such underwriting agreement also be conditions precedent to its obligations. 

  

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If any Initial Investor disapproves of the terms of an underwriting, such Initial Investor may elect to withdraw therefrom by notice to AHGP and the Managing
Underwriter; provided, however, that such withdrawal must be made on or before the pricing of any such Underwritten Offering. No such withdrawal or abandonment shall affect AHGP’s obligation to pay Registration Expenses.

 Section 2.06 Registration Procedures. In connection with its obligations contained in Sections 2.03 and 2.04 hereof, AHGP will, as
expeditiously as possible: 
 (a) prepare and file with the Commission such amendments and supplements to the Shelf Registration Statement and
the prospectus used in connection therewith as may be necessary to keep the Shelf Registration Statement effective and as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of all securities covered
by the Shelf Registration Statement; 
 (b) furnish to each Initial Investor (i) as far in advance as reasonably practicable before
filing the Shelf Registration Statement or any other registration statement contemplated by this Agreement or any supplement or amendment thereto, upon request, copies of reasonably complete drafts of all such documents proposed to be filed
(including exhibits and each document incorporated by reference therein to the extent then required by the rules and regulations of the Commission), and provide each such Initial Investor the opportunity to object to any information pertaining to
such Initial Investor and its plan of distribution that is contained therein and make the corrections reasonably requested by such Initial Investor with respect to such information prior to filing the Shelf Registration Statement or such other
registration statement or supplement or amendment thereto, and (ii) such number of copies of the Shelf Registration Statement or such other registration statement and the prospectus included therein and any supplements and amendments thereto as
such Persons may reasonably request in order to facilitate the public sale or other disposition of the Registrable Securities covered by such Shelf Registration Statement or other registration statement; 
 (c) if applicable, use its commercially reasonable efforts to register or qualify the Registrable Securities covered by the Shelf Registration Statement
or any other registration statement contemplated by this Agreement under the securities or blue sky laws of such jurisdictions as the Initial Investors or, in the case of an Underwritten Offering, the Managing Underwriter, shall reasonably request,
provided that AHGP will not be required to qualify generally to transact business in any jurisdiction where it is not then required to so qualify or to take any action which would subject it to general service of process in any such
jurisdiction where it is not then so subject; 
 (d) promptly notify each Initial Investor and each underwriter, at any time when a
prospectus relating thereto is required to be delivered under the Securities Act, of (i) the filing of the Shelf Registration Statement or any other registration statement contemplated by this Agreement or any prospectus or prospectus
supplement to be used in connection therewith, or any amendment or supplement thereto, and, with respect to such Shelf Registration Statement or any other registration statement or any post-effective amendment thereto, when the same has become
effective; and (ii) any written comments from the Commission with respect to any filing referred to in clause (i) and any written request by the Commission for amendments or supplements to the Shelf Registration Statement or any other
registration statement or any prospectus or prospectus supplement thereto; 
  

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 (e) immediately notify each Initial Investor and each underwriter, at any time when a prospectus relating
thereto is required to be delivered under the Securities Act, of (i) the happening of any event as a result of which the prospectus or prospectus supplement contained in the Shelf Registration Statement or any other registration statement
contemplated by this Agreement, as then in effect, includes an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the
circumstances then Initial; (ii) the issuance or threat of issuance by the Commission of any stop order suspending the effectiveness of the Shelf Registration Statement or any other registration statement contemplated by this Agreement, or the
initiation of any proceedings for that purpose; or (iii) the receipt by AHGP of any notification with respect to the suspension of the qualification of any Registrable Securities for sale under the applicable securities or blue sky laws of any
jurisdiction. Following the provision of such notice, AHGP agrees to as promptly as practicable amend or supplement the prospectus or prospectus supplement or take other appropriate action so that the prospectus or prospectus supplement does not
include 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 in the light of the circumstances then Initial and to take such other action as
is necessary to remove a stop order, suspension, threat thereof or proceedings related thereto; 
 (f) furnish to each Initial Investor
copies of any and all transmittal letters or other correspondence with the Commission or any other governmental agency or self-regulatory body or other body having jurisdiction (including any domestic or foreign securities exchange) relating to such
offering of Registrable Securities; 
 (g) in the case of an Underwritten Offering, furnish upon request, (i) an opinion of counsel for
AHGP, dated the effective date of the applicable registration statement or the date of any amendment or supplement thereto, and a letter of like kind dated the date of the closing under the underwriting agreement, and (ii) a “cold
comfort” letter, dated the effective date of the applicable registration statement or the date of any amendment or supplement thereto and a letter of like kind dated the date of the closing under the underwriting agreement, in each case, signed
by the independent public accountants who have certified AHGP’s financial statements included or incorporated by reference into the applicable registration statement, and each of the opinion and the “cold comfort” letter shall be in
customary form and covering substantially the same matters with respect to such registration statement (and the prospectus and any prospectus supplement included therein) as are customarily covered in opinions of issuer’s counsel and in
accountants’ letters delivered to the underwriters in Underwritten Offerings of securities, and such other matters as such underwriters may reasonably request; 
 (h) otherwise use its commercially reasonable efforts to comply with all applicable rules and regulations of the Commission, and make available to the Initial Investors, as soon as reasonably practicable, an earnings
statement covering the period of at least 12 months, but not more than 18 months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of
Section 11(a) of the Securities Act and Rule 158 promulgated thereunder; 
  

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 (i) make available to the appropriate representatives of the Managing Underwriter and Initial Investors
access to such information and AHGP personnel as is reasonable and customary to enable such parties to establish a due diligence defense under the Securities Act; provided that AHGP need not disclose any information to any such representative
unless and until such representative has entered into a confidentiality agreement with AHGP; 
 (j) cause all such Registrable Securities
registered pursuant to this Agreement to be listed on each securities exchange or nationally recognized quotation system on which similar securities issued by AHGP are then listed; 
 (k) use its commercially reasonable efforts to cause the Registrable Securities to be registered with or approved by such other governmental agencies or
authorities as may be necessary by virtue of the business and operations of AHGP to enable the Initial Investors to consummate the disposition of such Registrable Securities; 
 (l) provide a transfer agent and registrar for all Registrable Securities covered by such registration statement not later than the effective date of
such registration statement; and 
 (m) enter into customary agreements and take such other actions as are reasonably requested by the
Initial Investors or the underwriters, if any, in order to expedite or facilitate the disposition of such Registrable Securities. 
 Each
Initial Investor, upon receipt of notice from AHGP of the happening of any event of the kind described in subsection (e) of this Section 2.06, shall forthwith discontinue disposition of the Registrable Securities until such Initial
Investor’s receipt of the copies of the supplemented or amended prospectus contemplated by subsection (e) of this Section 2.06 or until it is advised in writing by AHGP that the use of the prospectus may be resumed, and has received
copies of any additional or supplemental filings incorporated by reference in the prospectus, and, if so directed by AHGP, such Initial Investor will, or will request the Managing Underwriter or Underwriters, if any, to deliver to AHGP (at
AHGP’s expense) all copies in their possession or control, other than permanent file copies then in such Initial Investor’s possession, of the prospectus covering such Registrable Securities current at the time of receipt of such notice.

 Section 2.07 Cooperation by Initial Investors. AHGP shall have no obligation to include in the Shelf Registration Statement or in a
Piggyback Registration units of an Initial Investor who has failed to timely furnish such information which, in the opinion of counsel to AHGP, is reasonably required in order for the registration statement or prospectus supplement, as applicable,
to comply with the Securities Act. 
 Section 2.08 Restrictions on Public Sale by Initial Investors of Registrable Securities. Each
Initial Investor that is a holder of Registrable Securities that are included in a registration statement agrees not to effect any public sale or distribution of the Registrable Securities, other than in an Underwritten Offering, during the 90
calendar day period beginning on the date of a prospectus supplement filed with the Commission with respect to the pricing of such Underwritten Offering, provided that the duration of the foregoing restrictions shall be no longer than the
duration of the shortest restriction generally imposed by the underwriters on the officers or directors or any other unitholder of AHGP on whom a restriction is imposed. 
  

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 Section 2.09 Expenses. AHGP will pay all Registration Expenses in connection with the Shelf
Registration Statement filed pursuant to Section 2.02(a) of this Agreement, and AHGP will pay all Registration Expenses in connection with a Piggyback Registration, whether or not the Shelf Registration Statement becomes effective or any sale
is made pursuant to the Shelf Registration Statement or Piggyback Registration. Each Initial Investor shall pay all Selling Expenses in connection with any sale of its Registrable Securities hereunder. “Registration Expenses” means
all expenses incident to AHGP’s performance under or compliance with this Agreement to effect the registration of Registrable Securities in a Shelf Registration or a Piggyback Registration, and the disposition of such securities, including,
without limitation, all registration, filing, securities exchange listing and Nasdaq National Market fees, all registration, filing, qualification and other fees and expenses of complying with securities or blue sky laws, fees of the National
Association of Securities Dealers, Inc., transfer taxes and fees of transfer agents and registrars, all word processing, duplicating and printing expenses, and the fees and disbursements of counsel and independent public accountants for AHGP,
including the expenses of any special audits or “cold comfort” letters required by or incident to such performance and compliance. Except as otherwise provided in Section 2.10 hereof, AHGP shall not be responsible for legal fees
incurred by Initial Investors in connection with the exercise of such Initial Investors’ rights hereunder. AHGP shall not be responsible for any “Selling Expenses,” which means all underwriting fees, discounts and selling
commissions allocable to the sale of the Registrable Securities. 
 Section 2.10 Indemnification. 
 (a) By AHGP. In the event of a registration of any Registrable Securities under the Securities Act pursuant to this Agreement, AHGP will indemnify
and hold harmless each Initial Investor thereunder, its directors and officers, and each underwriter, pursuant to the applicable underwriting agreement with such underwriter, of Registrable Securities thereunder and each Person, if any, who controls
such Initial Investor or underwriter within the meaning of the Securities Act and the Exchange Act, against any losses, claims, damages, expenses or liabilities (including reasonable attorneys’ fees and expenses) (collectively,
“Losses”), joint or several, to which such Initial Investor or underwriter or controlling Person may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such Losses (or actions or proceedings, whether
commenced or threatened, in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of any material fact contained in the Shelf Registration Statement or any other registration statement contemplated by this
Agreement, any preliminary prospectus or final prospectus contained therein, or any amendment or supplement thereof, 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 (in the case of a prospectus, in light of the circumstances under which they were made) not misleading, and will reimburse each such Initial Investor, its directors and officers, each such underwriter and
each such controlling Person for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such Loss or actions or proceedings; provided, however, that AHGP will not be liable in any such
case if and to the extent that any such Loss arises out of or is based upon an untrue statement or alleged untrue statement or omission or 

  

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alleged omission so made in conformity with information furnished by such Initial Investor, such underwriter or such controlling Person in writing
specifically for use in the Shelf Registration Statement or such other registration statement, or prospectus supplement, as applicable. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such
Initial Investor or any such director, officer or controlling Person, and shall survive the transfer of such securities by such Initial Investor. 
 (b) By Each Initial Investor. Each Initial Investor agrees severally and not jointly to indemnify and hold harmless the General Partner and AHGP, its directors and officers, each Person, if any, who controls AHGP within the meaning
of the Securities Act or of the Exchange Act, and each other Initial Investor, its directors, officers, and controlling Persons within the meaning of the Securities Act or of the Exchange Act, to the same extent as the foregoing indemnity from AHGP
to the selling Initial Investors, but only with respect to information regarding such Initial Investor furnished in writing by or on behalf of such Initial Investor expressly for inclusion in the Shelf Registration Statement or prospectus supplement
relating to the Registrable Securities, or any amendment or supplement thereto; provided, however, that the liability of each Initial Investor shall not be greater in amount than the dollar amount of the proceeds (net of any Selling
Expenses) received by such Initial Investor from the sale of the Registrable Securities giving rise to such indemnification. 
 (c)
Notice. Promptly after receipt by an indemnified party hereunder of notice of the commencement of any action, such indemnified party shall, if a claim in respect thereof is to be made against the indemnifying party hereunder, notify the
indemnifying party in writing thereof, but the omission so to notify the indemnifying party shall not relieve it from any liability which it may have to any indemnified party other than under this Section 2.10. In any action brought against any
indemnified party, it shall notify the indemnifying party of the commencement thereof. The indemnifying party shall be entitled to participate in and, to the extent it shall wish, to assume and undertake the defense thereof with counsel reasonably
satisfactory to such indemnified party and, after notice from the indemnifying party to such indemnified party of its election so to assume and undertake the defense thereof, the indemnifying party shall not be liable to such indemnified party under
this Section 2.10 for any legal expenses subsequently incurred by such indemnified party in connection with the defense thereof other than reasonable costs of investigation and of liaison with counsel so selected; provided,
however, that, (i) if the indemnifying party has failed to assume the defense and employ counsel or (ii) if the defendants in any such action include both the indemnified party and the indemnifying party and counsel to the
indemnified party shall have concluded that there may be reasonable defenses available to the indemnified party that are different from or additional to those available to the indemnifying party, or if the interests of the indemnified party
reasonably may be deemed to conflict with the interests of the indemnifying party, then the indemnified party shall have the right to select a separate counsel and to assume such legal defense and otherwise to participate in the defense of such
action, with the reasonable expenses and fees of such separate counsel and other reasonable expenses related to such participation to be reimbursed by the indemnifying party as incurred. Notwithstanding any other provision of this Agreement, no
indemnified party shall settle any action brought against it with respect to which it is entitled to indemnification hereunder without the consent of the indemnifying party, unless the settlement thereof imposes no liability or obligation on, and
includes a complete and unconditional release from all liability of, the indemnifying party. 
  

 13 

 (d) Contribution. If the indemnification provided for in this Section 2.10 is held by a court
or government agency of competent jurisdiction to be unavailable to AHGP or any Initial Investor or is insufficient to hold them harmless in respect of any Losses, then each such indemnifying party, in lieu of indemnifying such indemnified party,
shall contribute to the amount paid or payable by such indemnified party as a result of such Losses as between AHGP on the one hand and such Initial Investor on the other, in such proportion as is appropriate to reflect the relative fault of AHGP on
the one hand and of such Initial Investor on the other in connection with the statements or omissions which resulted in such Losses, as well as any other relevant equitable considerations; provided, however, that in no event shall such
Initial Investor be required to contribute an aggregate amount in excess of the dollar amount of proceeds (net of Selling Expenses) received by such Initial Investor from the sale of Registrable Securities giving rise to such indemnification. The
relative fault of AHGP on the one hand and each Initial Investor on the other 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 has been made by, or relates to, information supplied by such party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The parties hereto agree
that it would not be just and equitable if contributions pursuant to this paragraph were to be determined by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred to in the
first sentence of this paragraph. The amount paid by an indemnified party as a result of the Losses referred to in the first sentence of this paragraph shall be deemed to include any legal and other expenses reasonably incurred by such indemnified
party in connection with investigating or defending any Loss which is the subject of this paragraph. 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 is not guilty of such fraudulent misrepresentation. 
 (e) Other Indemnification. The provisions of this
Section 2.10 shall be in addition to any other rights to indemnification or contribution which an indemnified party may have pursuant to law, equity, contract or otherwise. 
 Section 2.11 Rule 144 Reporting. With a view to making available the benefits of certain rules and regulations of the Commission that may permit
the sale of the Registrable Securities to the public without registration, AHGP agrees to use its commercially reasonable efforts to: 
 (a)
Make and keep public information regarding AHGP available, as those terms are understood and defined in Rule 144 of the Securities Act, at all times from and after the date hereof; 
 (b) File with the Commission in a timely manner all reports and other documents required of AHGP under the Securities Act and the Exchange Act at all
times from and after the date hereof; and 
 (c) So long as an Initial Investor owns any Registrable Securities, furnish to such Initial
Investor forthwith upon request a copy of the most recent annual or quarterly report of AHGP, and such other reports and documents so filed as such Initial Investor may reasonably request in availing itself of any rule or regulation of the
Commission allowing such Initial Investor to sell any such securities without registration. 
  

 14 

 Section 2.12 Transfer or Assignment of Registration Rights. The rights to cause AHGP to register
Registrable Securities granted to each Registration Rights Group by AHGP pursuant to Section 2.03 are intended to be for the benefit of each Person included within the applicable Registration Rights Group, and each Person included within a
Registration Rights Group shall be entitled to such benefits upon the execution and delivery to AHGP of an instrument in writing pursuant to which such Person shall have assumed, with respect to the Registrable Securities of the Registration Rights
Group held by such Person, responsibility for its portion of the obligations of the Initial Investor Companies under this Agreement to the extent relating to the demand registration right granted pursuant to Section 2.03. The rights to cause
AHGP to register Registrable Securities granted to each Registration Rights Group by AHGP pursuant to Section 2.03 may be transferred or assigned by one or more Persons included within such Registration Rights Group to one or more transferee(s)
or assignee(s) of Registrable Securities held by such Person(s) included within such Registration Rights Group; provided that (a) each such transferee or assignee holds Registrable Securities representing at least 50% (after giving
effect to such transfer) of the Registrable Securities held by all the Persons included within the Registration Rights Group transferor at the Closing, (b) AHGP is given written notice prior to any said transfer or assignment, stating the name
and address of each such transferee and identifying the securities with respect to which such registration rights are being transferred or assigned, and (c) each such transferee assumes in writing responsibility for its portion of the
obligations of the Initial Investors under this Agreement; provided, however, that upon the transfer to such transferee of 50% or more of all Registrable Securities held by all Persons within a Registration Rights Group, the right to
exercise such demand registration right pursuant to Section 2.01 shall require the written consent of those Persons included within such Registration Rights Group and such transferee who shall hold at least 70% of the Registrable Securities
originally held by the applicable Initial Investor Company transferor. The rights granted to the Initial Investor Companies by AHGP pursuant to Section 2.04 with respect to Registrable Securities may be transferred or assigned by the Initial
Investor Companies to one or more transferee(s) or assignee(s) of such Registrable Securities, provided that (a) AHGP is given written notice prior to any said transfer or assignment, stating the name and address of each such transferee
and identifying the securities with respect to which such registration rights are being transferred or assigned, and (b) each such transferee assumes in writing responsibility for its portion of the obligations of the Initial Investor Companies
under this Agreement. In no event shall AHGP be required to file a post-effective amendment to a Shelf Registration Statement or a new Shelf Registration Statement for the benefit of such transferee(s) or assignee(s) unless such transferring Initial
Investor notifies AHGP in writing that it will pay all of the additional Registration Expenses incurred by AHGP in connection with filing a post-effective amendment to a Shelf Registration Statement or a new Shelf Registration Statement for the
benefit of such transferee(s) or assignee(s); provided, however, that AHGP shall be entitled to delay any such filing as provided in Section 2.03(b) hereof. 
  

 15 

 ARTICLE III. 
 MISCELLANEOUS 
 Section 3.01 Communications. All notices and other communications
provided for or permitted hereunder shall be made in writing by facsimile, courier service or personal delivery: 
 If to AHGP or the General
Partner: 
 Joseph W. Craft III 
 1717 South Boulder Avenue 
 Tulsa, Oklahoma 74119 
 Facsimile: (918) 295-7361 
 If to AMH: 
 Thomas L. Pearson 
 1717 South Boulder Avenue

 Tulsa, Oklahoma 74119 
 Facsimile: (918) 295-7361 
 If to AMH II: 
 Thomas L. Pearson 
 1717 South Boulder Avenue 
 Tulsa, Oklahoma 74119 
 Facsimile:
(918) 295-7361 
 If to SGP: 
 Thomas L. Pearson 
 1717 South Boulder Avenue 
 Tulsa, Oklahoma 74119 
 Facsimile: (918) 295-7361 
 If to any other Initial Investor: 
 to such
address as shall be reflected on the books and records of AHGP from time to time. 
 All such notices and communications shall be deemed to
have been received at the time delivered by hand, if personally delivered; when receipt acknowledged, if sent via facsimile or sent via Internet electronic mail; and when actually received, if sent by any other means. 
 Section 3.02 Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and assigns of each of the
parties, including subsequent transferees of Registrable Securities to the extent permitted by Section 2.12 hereof. 
  

 16 

 Section 3.03 Limitation of Rights. This Agreement shall not be construed to vest any rights under
this Agreement to any individual or entity other than the Initial Investors and the Initial Investors do not intend for any portion of this Agreement to confer rights upon any Person other than the Initial Investors. 
 Section 3.04 Assignment of Rights. Except as provided in Section 2.12 of this Agreement, none of the rights and obligations of the Initial
Investors under this Agreement may be transferred or assigned by any Initial Investor. 
 Section 3.05 Recapitalization, Exchanges, etc.
Affecting the Common Units. The provisions of this Agreement shall apply to the full extent set forth herein with respect to any and all units of AHGP or any successor or assign of AHGP (whether by merger, consolidation, sale of assets or
otherwise) which may be issued in respect of, in exchange for or in substitution of, the Registrable Securities, and shall be appropriately adjusted for combinations, recapitalizations and the like occurring after the date of this Agreement.

 Section 3.06 Specific Performance. Damages in the event of breach of this Agreement by a party hereto may be difficult, if not
impossible, to ascertain, and it is therefore agreed that each such Person, in addition to and without limiting any other remedy or right it may have, will have the right to an injunction or other equitable relief in any court of competent
jurisdiction, enjoining any such breach, and enforcing specifically the terms and provisions hereof, and each of the parties hereto hereby waives any and all defenses it may have on the ground of lack of jurisdiction or competence of the court to
grant such an injunction or other equitable relief. The existence of this right will not preclude any such Person from pursuing any other rights and remedies at law or in equity which such Person may have. 
 Section 3.07 Counterparts. This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts,
each of which counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same Agreement. 
 Section 3.08 Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning
hereof. 
 Section 3.09 Governing Law. The laws of the State of Delaware shall govern this Agreement without regard to principles of
conflict of laws. 
 Section 3.10 Severability of Provisions. Any provision of this Agreement which is prohibited or unenforceable in
any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or affecting or impairing the validity or enforceability of such provision in
any other jurisdiction. 
 Section 3.11 Entire Agreement; Restatement of Original Agreement. This Agreement is intended by the parties
as a final expression of their agreement and intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein. There are no restrictions, promises,
warranties or 
  

 17 

 
undertakings, other than those set forth or referred to herein. This Agreement supersedes all prior agreements and understandings between the parties with
respect to such subject matter, and amends and restates in its entirety the Original Agreement. 
 Section 3.12 Amendment. This
Agreement may be amended only by means of a written amendment signed by AHGP and the holders of not less than eighty percent (80%) of all Registrable Securities. 
 Section 3.13 No Presumption. In the event any claim is made by a party relating to any conflict, omission, or ambiguity in this Agreement, no presumption or burden of proof or persuasion shall be implied
by virtue of the fact that this Agreement was prepared by or at the request of a particular party or its counsel. 
 Section 3.14 Payment
of Expenses. AHGP shall pay or reimburse the Initial Investors, to the extent such costs have been incurred, for all reasonable third-party out-of-pocket costs and expenses (including the reasonable fees and expenses of legal counsel)
incurred by them in connection with (i) negotiations leading to the execution of this Agreement and (ii) the review of the Shelf Registration Statement and all amendments thereto. Nothing set forth herein shall obligate AHGP to reimburse
any Initial Investor with respect to any other costs or expenses incurred with respect to its investment in AHGP or the AHGP Initial Public Offering. 
 [Signature page follows] 
  

 18 

 IN WITNESS WHEREOF, the parties to this Amended and Restated Registration Rights Agreement have caused it
to be duly executed as of the date first above written. 
  

			
	ALLIANCE HOLDINGS GP, L.P.
		
	By:	 	Alliance GP, LLC,
		 	its General Partner
		
	By:	 	 /s/ Joseph W. Craft III

		 	Joseph W. Craft III
		 	President
	
	ALLIANCE GP, LLC
		
	By:	 	 /s/ Joseph W. Craft III

		 	Joseph W. Craft III
		 	President
	
	ALLIANCE MANAGEMENT HOLDINGS, LLC
		
	By:	 	 /s/ Joseph W. Craft III

		 	Joseph W. Craft III
		 	President
	
	AMH II, LLC
		
	By:	 	 /s/ Joseph W. Craft III

		 	Joseph W. Craft III
		 	President
	
	ALLIANCE RESOURCE GP, LLC
		
	By:	 	 /s/ Joseph W. Craft III

		 	Joseph W. Craft III
		 	President

  

 [Signature Page to Amended and Restated Registration Rights Agreement]

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