Document:

Document

Exhibit 10.1

***Certain identified information has been omitted from this exhibit because it is both (i) not material and (ii) would likely cause competitive harm to the Registrant if publicly disclosed. Such omitted information is indicated by brackets (“[...***...]”) in this exhibit. ***

FIFTH AMENDMENT TO LEASE AGREEMENT executed as one party, by Mr. FRANCISCO J. MORENO (hereinafter LESSOR), and as second party, INDUSTRIAL VALLERA DE MEXICALI, S.A. DE C.V. (hereinafter referred to as COMPANY and/or LESSEE), represented by Mr. SERGIO TAGLIAPIETRA NASSRI, and which is formalized under the terms of the following DECLARATIONS AND CLAUSES:

DECLARATIONS:

Mr. FRANCISCO J. MORENO declares:

A. - That on July 1st, 2016, as Lessor, he executed a Lease Agreement (“Initial Lease Agreement”,), with INDUSTRIAL VALLERA DE MEXICALI, S. A. DE C. V., the latter as Lessee, with regard to the property identified as building located in Calle Jose Lopez Portillo No. 104 A Corner of Maquiladores Avenue, Block VI, Lot 3, Col. Parque Industrial, San Luis Rio Colorado, Sonora, Zip Code 83455.

B. That Lessee has executed with Lessor, Four Amendments to Lease Agreement, for the expansion the leased area and to update the rental fees.

C. That such Amendments are made a part of this Fifth Amendment by referral, for all corresponding legal purposes, in its order of execution, including the Initial Lease Agreement.

D. - That, under the terms of the Fourth Amendment dated December 1st, 2020, COMPANY (LESSEE) presently, has under lease a total area [...***...] square feet and
described as:

“Property located at Calle Jose Lopez Portillo No. 104 A Corner with Av. Maquiladores block VI, Lot 31, Col. Parque Industrial, San Luis Rio Colorado, Sonora,  zip code 83455, as specified in Exhibit “B”, in which the leased areas are clearly indicated which conform the area occurred under the lease and that is added to this document to form a part of the same in ADDITION to the exhibits that are part of the initial Lease Agreement (Exhibit “A”).

E. That each of the Agreements and Amendments referred to in paragraph D) above, contain all the specific termination dates, and such termination dates shall continue in its terms, until the signature of this Fifth Amendment to Initial Lease Agreement, except for the lease term of the area subject matter of the Fourth Amendment, with an area of [...***...] square feet, that will terminate on October 31, 2021.

F. That it has negotiated with Company, the extension of the Initial Lease Term and its Amendments, to unify the leased areas as well as the lease term and rental fees, so that all the lease terms agreed expire on June 30th, 2024, and for the total leased area shown as [...***...] square feet with the exception of the term of the area indicated in paragraph E) above, that will terminate on October 31, 2021.

COMPANY (LESSEE) hereby declares:

G. That it has agreed to amend the Initial Lease Agreement and its Amendments to refer the Leased Property as one sole area, and to have the lease terms of all the Amendments executed in different dates, and for different areas, to terminate in the same date, adjusting also the rental fees, with the exception of the term of the area indicated in paragraph E) above, for the [...***...] sq. ft., that will terminate on October 31, 2021.

Both parties declare:

G. That with the exceptions of this Fifth Amendment and all other Amendments not related to term, area and rental fee, all other terms and conditions of the Initial Lease Agreement will remain effective in its terms.

H. That it is their intention to level the Principal Lease Agreement both in prices and total areas, as per Amendments to it, by means of this FIFTH AMENDMENT TO LEASE AGREEMENT, so that the leased area and rental fees be set as follows:

												
	Amendment	Area	Rental Fee Sq Ft	Total Rental Fee US$
	Original lease	[...***...]	[...***...]	[...***...]
	1	[...***...]	[...***...]	[...***...]
	2	[...***...]	[...***...]	[...***...]
	2	[...***...]	[...***...]	[...***...]
	Subtotal	[...***...]	[...***...]	[...***...]
	4	[...***...]	[...***...]	[...***...]
	Grand Total	[...***...]	[...***...]	[...***...]

I.- That further, it is its intention to extend the lease term that is presently in effect, and that will terminate precisely on June 30, 2021, in order to extend the same for THIRTY SIX (36) additional months, all of the leased area as mentioned in the immediately preceding paragraph at the agreed rental fees, except for the Fourth Amendment with an area of 27,000 square feet, that will terminate on the 3rd of October of the year 2021.

Pursuant to the above the parties agree as follows:

CLAUSES:

FIRST.- SCOPE OF THIS AGREEMENT - LESSOR, FRANCISCO J. MORENO, under the terms of this FIFTH Amendment to Lease Agreement, grants and ratifies the lease in
favor of COMPANY (LESSEE) of a total area of [...***...] square feet, located within a larger area, and described as “Property located at Calle Jose Lopez Portillo No. 104 A Corner with Av. Maquiladores block VI, Lot 3, Col. Parque Industrial, San Luis Rio Colorado, Sonora, zip code 83455, as specified in Exhibit “B-1” of the Initial Lease Agreement, that is attached to this Amendment Agreement to form a part of the same, in ADDITION to those exhibits that are a part of the Initial Lease Agreement (Exhibit “"A”).

SECOND.- INTEGRATION OF LEASED LAND.- The total leased area of [...***...] square feet, as per Clause First above, is comprised by the following areas and updated
as to adjustments in the rental fee:

1. The area of [...***...] square feet at the rate of [...***...] per square foot, leased under the terms of the Initial Lease Agreement.

2. The area of [...***...] square feet, at the rate of [...***...] per square foot, leased under the terms of the First Amendment to Lease Agreement.

3. The area of [...***...] square feet, at the rate of [...***...] per square foot, leased under Second Amendment to Lease Agreement.

4. The area of [...***...] square feet at the rate of [...***...] per square foot, which is the leased under the Third Amendment to Lease Agreement.

5. The area of [...***...] square feet, at the rate of [...***...] per square foot, as per Fourth Amendment to Lease Agreement, that terminates precisely on October 31, 2021.

THIRD.- TERM OF THE LEASE AND DATE OF INITIATION.- A. - In accordance with this Fifth Amendment, the lease term for all the leased area, described and referred in Clause First above, will be THIRTY-SIX MONTHS counted as of the 1st day of JULY OF THE YEAR TWO THOUSAND TWENTY-ONE, and will expire, precisely, on JUNE 30TH OF THE YEAR 2024 (TWO THOUSAND TWENTY-FOUR), except for the Fourth Amendment to Lease for [...***...] sq. ft., that will expire on October 31, 2021.

B.- it is understood all the lease periods established in the Initial Lease Agreement, and
all the pertinent Amendments, will terminate precisely on the 30th day of June of the year two thousand twenty-one, to begin its term on June 1st of the year 2021, under the terms of paragraph A) above, and to expire, as indicated, on June 30th, 2024, except for the Fourth Amendment to Lease for [...***...] sq. ft., that will expire on October 31, 2021.

C.- The term "Lease Year", as used hereinafter, shall mean a period of twelve (12) calendar months, consecutive and complete. The first Year of the Lease shall begin on the "Initial Term", if the date of initiation is on the first day of the first calendar month, otherwise, the Lease Year, shall commence as of the calendar day following that of the Initial Date of the Term of this Amendment to Agreement. The rental fee for any partial month shall be prorated. In the event of inconsistency as to the duration of the lease term, the stipulations of the Original Lease Agreement will prevail.

D.- It is understood and agreed that COMPANY shall have the right to extend the lease term under the stipulations of the Initial Lease Agreement.

FOURTH. - RENT

A. - Rental Fee. - As price of the Lease, for the full leased area of [...***...] square feet, under the terms and conditions of this FIFTH AMENDMENT, during the Lease Term of THIRTY SIX (36) MONTHS, LESSEE shall pay LESSOR the amount of [...***...] per month, considering as unit prices for the leased area, those stipulated in Clause Second above, which are broken down as follows:

1) For the areas of [...***...] sq.ft., [...***...] sq.ft., [...***...] sq. ft., and [...***...] sq.ft, representing a total of [...***...] sq.ft, the amount of [...***...] (currency of legal tender in the United States of America) per square foot.

b) For the area of [...***...] sq. ft., the amount of [...***...] (currency of legal tender in the United States of America) per square foot, until October 31, 2021.

B. - The total amount of the rental fee, plus the Value Added Tax, shall be payable in advance to LESSOR, at the latter 's address, within the first five days of each month, within the first five days of each month as of the 1st of July of the year 2021.

FIFTH.- TERMS AND CONDITIONS OF THE INITIAL AGREEMENT AND AMENDMENTS FORMALIZED.

It is understood that all other terms and conditions of the Initial Lease Agreement and its Amendments as may be applicable, will continue as agreed, unless otherwise expressly
stipulated.

SIXTH.- MISCELLANEOUS STIPULATIONS.

A. - If such is the case COMPANY shall update the amount of the guaranty deposit under the terms of the initial Lease Agreement, if so required by LESSOR.

B. - Any reference to Mr. FRANCISCO J. MORENO in any of the Amendments to Lease
Agreement or in the Lease Agreement shall be understood to refer to LESSOR.

C.- Any reference to COMPANY in any of the Amendment to Amendments to Lease Agreements or in the Initial Lease Agreement shall be understood to refer to LESSEE.

SEVENTH.- PRESENT TERMS AND CONDITIONS.

All other terms and conditions of the Initial Lease Agreement executed, and that is a part
of the Amendments, that have not been expressly modified shall continue in effect.

IN WITNESS WHEREOF, this FIFTH Amendment to Lease Agreement, is executed
and signed in the City of Mexicali, State of Baja California, Mexico, on this day of JULY 2021.

LESSOR:
/s/ Francisco J. Moreno
Francisco J. Moreno

LESSEE (COMPANY):

INDUSTRIAL VALLERA DE MEXICALI, S.A. DE C.V
/s/ Sergio Tagliapietra Nassri
Legal Representative

WITNESS:
/s/ Alfredo Garcia
Alfredo Garcia

Exhibit B-1/ANEXO B-1

[...***...]PHR&D FORM

Exhibit 10.08

​
FOURTH AMENDMENT TO CREDIT AGREEMENT
THIS FOURTH AMENDMENT TO CREDIT AGREEMENT (this "Amendment") is made and entered into on May 27, 2021, by and among ARCH RESOURCES, INC., a Delaware corporation ("Arch"), the direct and indirect subsidiaries of Arch identified on the signature pages hereto as "Borrowers" (together with Arch, collectively, "Borrowers", and each individually a "Borrower"), REGIONS BANK, as agent (in its capacity as agent, the "Administrative Agent") for certain financial institutions (collectively, the “Lenders”), and the Lenders.
Recitals:
Borrowers, Administrative Agent and Lenders are parties to a certain Credit Agreement dated April 27, 2017 (as at any time amended, restated, modified or supplemented, the "Credit Agreement"), pursuant to which Lenders have made certain loans and other financial accommodations to Borrowers.
Borrowers, Administrative Agent and Lenders desire to amend the Credit Agreement on the terms and subject to the conditions hereinafter set forth.
NOW, THEREFORE, for TEN DOLLARS ($10.00) in hand paid and other good and valuable consideration, the receipt and sufficiency of which are hereby severally acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:
1.Definitions.  Capitalized terms used in this Amendment, unless otherwise defined herein, have the respective meanings ascribed to such terms in the Credit Agreement.
2.Amendments to Credit Agreement.  The Credit Agreement is hereby amended as follows:
(a)By adding the following new definitions to Section 1.1 of the Credit Agreement in the appropriate alphabetical order:
“Fourth Amendment Date” means May 27, 2021.
“Temporary Modification Period” means the period commencing on the Fourth Amendment Date and continuing through and including the date on which Administrative Agent receives the Borrowing Base Certificate with respect to the Fiscal Month of September 2021.
(b)By amending the definition of “Account Control Period” in Section 1.1 of the Credit Agreement to (i) delete the references to “$250,000,000” set forth therein and substitute in lieu thereof, in each case, a reference to “$250,000,000 (or, solely during the Temporary Modification Period, $210,000,000)” and (ii) insert the following proviso at the end of such definition: “; provided that it is acknowledged and agreed that no Account Control Period has commenced or is in effect as of the Fourth Amendment Date”.
(c)By deleting the references to “$225,000,000” set forth in the definition of “Borrowing Base Adjustment Period (Level 1)” in Section 1.1 of the Credit Agreement and by substituting in lieu thereof, in each case, a reference to “$225,000,000 (or, solely during the Temporary Modification Period, $175,000,000).

9027952.v3​

(d)By deleting the definition of “Borrowing Base Adjustment Period (Level 2)” in Section 1.1 of the Credit Agreement and by substituting in lieu thereof the following:
“Borrowing Base Adjustment Period (Level 2)” means the first day on which Administrative Agent receives any Borrowing Base Certificate indicating that Liquidity has fallen below $200,000,000 (but is equal to or greater than $175,000,000) at any time (an “Initial Level 2 Adjustment Event”), and all subsequent days in which Liquidity is less than $200,000,000 but equal to or greater than $175,000,000 as shown on the most recent Borrowing Base Certificate received by Administrative Agent; provided, that, if Administrative Agent receives such a Borrowing Base Certificate during the Temporary Modification Period, such receipt shall be deemed not to constitute an Initial Level 2 Adjustment Event or to have commenced a Borrowing Base Adjustment Period (Level 2) at the time of such receipt. Instead, a Borrowing Base Adjustment Period (Level 2) resulting from such circumstances will commence only if Liquidity remains below $200,000,000 (but equal to or greater than $175,000,000) at the expiration of the Temporary Modification Period. In such case, the applicable Borrowing Base Adjustment Period (Level 2) will be deemed to have commenced upon the expiration of the Temporary Modification Period and will continue for all subsequent days in which Liquidity is less than $200,000,000 but equal to or greater than $175,000,000 as shown on the most recent Borrowing Base Certificate received by Administrative Agent.
3.Ratification and Reaffirmation.  Each Borrower hereby ratifies and reaffirms the Obligations, each of the Loan Documents, and all of such Borrower's covenants, duties, indebtedness and liabilities under the Loan Documents.
4.Acknowledgments and Stipulations.  Each Borrower acknowledges and stipulates that this Amendment and each other Loan Document to which such Borrower is party constitutes a legal, valid and binding obligation of such Borrower that is enforceable against such Borrower in accordance with the terms hereof or thereof, as applicable, except to the extent that enforceability of any portion hereof or thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforceability of creditors’ rights generally or limiting the right of specific performance; that all of the Obligations are owing and payable, in each case to the extent provided in the Loan Documents, without defense, offset or counterclaim (and to the extent there exists any such defense, offset or counterclaim on the date hereof, the same is hereby knowingly and voluntarily waived by each Borrower); that the security interests and Liens granted by such Borrower in favor of Administrative Agent are fully perfected first priority security interests and Liens (subject only to Permitted Liens) in and to the assets of the Loan Parties that constitute ABL Priority Collateral and second priority Liens (subject only to Permitted Liens) in and to the assets of the Loan Parties that constitute Term Loan Priority Collateral (in each case, subject to any remaining actions that may be required in accordance with Section 9.20 of the Credit Agreement); that the unpaid principal amount of the Loans and outstanding Letters of Credit on and as of May 24, 2021, totaled $31,949,760; and that the Borrowing Base Certificate delivered with respect to the month of April 2021 indicated that Liquidity had fallen below $250,000,000, and that Agent and Required Lenders previously agreed that, solely for the period commencing on the date of such delivery and ending concurrently with the effectiveness of the amendments contained in Section 2 hereof, such change in Liquidity would not cause the commencement of an Account Control Period.
5.Representations and Warranties.  Each Borrower represents and warrants to Administrative Agent and the Lenders, to induce each to enter into this Amendment, that no Default or Event of Default exists on the date hereof; that the execution, delivery and performance of this Amendment have been duly authorized by all requisite corporate or company action on the part of such Borrower and this Amendment has been duly executed and delivered by such Borrower; and that all of the representations 

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and warranties made by such Borrower in the Credit Agreement are true and correct in all material respects on the effective date hereof (provided that any representation or warranty that is qualified as to “materiality,” “Material Adverse Change” or similar language shall be true and correct (after giving effect to such qualification) in all respects on such effective date), except for those representations and warranties that expressly relate to an earlier date, in which case, they shall have been true and correct in all material respects as of such earlier date.
6.Reference to Credit Agreement.  Upon the effectiveness of this Amendment, each reference in the Credit Agreement to "this Agreement," "hereunder," or words of like import shall mean and be a reference to the Credit Agreement, as amended by this Amendment.
7.Loan Document Pursuant to Credit Agreement.  This Amendment is a Loan Document executed pursuant to the Credit Agreement and shall be construed, administered and applied in accordance with all of the terms and provisions of the Credit Agreement.  A breach of any representation or warranty in this Amendment shall constitute an Event of Default as provided in Section 12.1 of the Credit Agreement.
8.Conditions Precedent.  The effectiveness of the amendments contained in Section 2 hereof is subject to the satisfaction of each of the following conditions precedent, in form and substance satisfactory to Administrative Agent, unless satisfaction thereof is specifically waived in writing by Administrative Agent:
(a)Administrative Agent shall have received each of the following:
(i)counterparts of this Amendment, duly executed by each Borrower and each of the Lenders; and
(ii)counterparts of a Fee Letter relating to this Amendment (the “Fourth Amendment Fee Letter”), in form and substance satisfactory to Administrative Agent, duly executed by each Borrower; and
(b)No Default or Event of Default shall exist.
9.Fees and Expenses.  Borrowers jointly and severally agree to pay all out-of-pocket expenses incurred by the Administrative Agent in connection with the preparation, negotiation, execution, delivery and enforcement of this Amendment  and the other documents and instruments referred to herein or contemplated hereby, including, but not limited to, the fees and disbursements of Administrative Agent’s legal counsel, in each case, to the extent provided in the Credit Agreement.
10.Governing Law.  THIS AMENDMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY CONFLICT OF LAW PRINCIPLES OR OTHER RULE OF LAW WHICH WOULD CAUSE THE APPLICATION OF THE LAW OF ANY JURISDICTION OTHER THAN THE LAW OF THE STATE OF NEW YORK.
11.No Novation, etc.  Except as otherwise expressly provided in this Amendment, nothing herein shall be deemed to amend or modify any provision of the Credit Agreement or any of the other Loan Documents, each of which shall remain in full force and effect.  This Amendment is not intended to be, nor shall it be construed to create, a novation or accord and satisfaction, and the Credit Agreement as herein modified shall continue in full force and effect.

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12.Successors and Assigns.  This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns as provided in Section 14.1 of the Credit Agreement.
13.Entire Agreement.  This Amendment constitutes the entire understanding among the parties hereto with respect to the subject matter hereof and supersedes any prior agreements, written or oral, with respect thereto.  THIS WRITTEN AGREEMENT REPRESENTS THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.
14.Miscellaneous.  This Amendment may be executed in any number of counterparts and by different parties to this Amendment on separate counterparts, each of which, when so executed, shall be deemed an original, but all such counterparts shall constitute one and the same agreement.  Any manually executed signature page to this Amendment delivered by a party by facsimile or other electronic transmission shall be deemed to be an original signature hereto.  Section titles and references used in this Amendment shall be without substantive meaning or content of any kind whatsoever and are not a part of the agreements among the parties hereto. 
15.Waiver of Jury Trial.  To the fullest extent permitted by applicable law, each party hereby waives the right to trial by jury in any action, suit, counterclaim or proceeding arising out of or related to this Amendment.
16.Release of Claims.  In consideration of Administrative Agent’s and Lenders’ agreement to amend the Credit Agreement as provided herein, each Borrower hereby RELEASES, ACQUITS AND FOREVER DISCHARGES Administrative Agent, each LC Issuer and each Lender, and each of their respective officers, directors, agents, employees, representatives, Affiliates and trustees and any successors and assigns of any of the foregoing (each, a "Releasee", and collectively, the "Releasees"), from any and all liabilities, claims, demands, actions or causes of action of any kind or nature (if there be any), whether absolute or contingent, disputed or undisputed, at law or in equity, or known or unknown, that any Borrower now has or ever had against any of the Releasees arising under or in connection with the Loan Documents, based in whole or in part on facts, whether or not now known, existing on or before the date of this Amendment (collectively, “Claims”).  Each Borrower hereby represents and warrants to the Releasees that no Borrower has transferred or assigned to any person or entity of any kind any Claim that such Borrower ever had or claimed to have against any Releasee.
[Remainder of page intentionally left blank;
signatures begin on the following page.]
​

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Exhibit 10.08

IN WITNESS WHEREOF, the signatories hereto have caused this Amendment to be executed by their respective duly authorized officers as of the day and year first above written.
ARCH RESOURCES, INC.
as “Borrower Agent” and as a “Borrower”
​
​
By:_/s/ John T. Drexler____________________
Name: John T. Drexler
Title: Senior Vice President and Chief Operating Officer
​
Allegheny Land LLC
Arch Coal Group, LLC
Arch Coal Operations LLC
Arch Coal West, LLC
Arch of Wyoming, LLC
Arch Reclamation Services LLC
Arch Western Acquisition Corporation
Arch Western Acquisition, LLC
Arch Western Bituminous Group, LLC
Arch Western Resources, LLC
Bronco Mining Company LLC
Catenary Coal Holdings LLC
HAWTHORNE COAL COMPANY LLC
Hunter Ridge Coal LLC
Hunter Ridge Holdings, Inc. 
Hunter Ridge LLC
ICG Beckley, LLC
ICG East Kentucky, LLC
ICG Eastern Land, LLC
ICG Eastern, LLC
ICG Natural Resources, LLC
ICG Tygart Valley, LLC
ICG, LLC
International Energy Group, LLC
Juliana Mining Company LLC
King Knob Coal Co. LLC
MAIDSVILLE LANDING TERMINAL, LLC
Marine Coal Sales LLC 
Meadow Coal Holdings, LLC 
as “Borrowers”
​
​
By: /s/ John T. Drexler____________________
Name: John T. Drexler
Title: President
​
[Signatures continued on following page.]
​

Fourth Amendment to Credit Agreement (Arch Coal)

Melrose Coal Company LLC
Mingo Logan Coal LLC 
Mountain Coal Company, L.L.C.
Mountain Gem Land LLC
Mountain Mining LLC
Mountaineer Land LLC 
Otter Creek Coal, LLC
Patriot Mining Company LLC
Prairie Holdings, Inc.
Shelby Run Mining Company, LLC
Thunder Basin Coal Company, L.L.C.
Triton Coal Company, LLC
Upshur Property LLC
Vindex Energy LLC 
Western Energy Resources LLC
White Wolf Energy LLC
Wolf Run Mining LLC
as “Borrowers”
​
​
By: /s/ John T. Drexler____________________
Name: John T. Drexler
Title: President
​
​
​
ACI TERMINAL, LLC
ARCH COAL SALES COMPANY, iNC.
ARCH ENERGY RESOURCES, llC
ARCH LAND LLC
ARK LAND LLC
ARK LAND KH LLC
ARK LAND LT LLC
ARK LAND WR LLC
ASHLAND TERMINAL, INC.
COALQUEST DEVELOPMENT LLC
 as “Borrowers”
​
​
By:  /s/ John T. Drexler____________________
Name: John T. Drexler
Title: Vice President
​
​
[Signatures continued on following page.]
​

Fourth Amendment to Credit Agreement (Arch Coal)

REGIONS BANK
as “Administrative Agent”, “LC Issuer,” and as the sole “Lender”
​
​
By:_/s/ Mark A. Kassis_____________________
Name: Mark A. Kassis
Title:   Managing Director

Fourth Amendment to Credit Agreement (Arch Coal)

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