Document:

udt_10qex10-1.htm

 

Exhibit 10.1

UNIVERSAL DETECTION TECHNOLOGY

____________________

FORM

Debt Conversion Agreement

____________________

	
Noteholder:

	  	  
	
Note Amount:

Outstanding Principal:

	
$_____

$______

	  
	
Interest Rate:

	
__%

	  
	
Date of Note:

	
_____

	  
	
Maturity:

	
_____

	  
	
Accrued Interest:

	
$____

	  

[Date]

AGREEMENT

This Agreement (the “Agreement”) is entered into by and between Universal Detection Technology (the “Issuer”) and [NAME](the “Noteholder”) on the date first shown above. The Noteholder confirms that pursuant to the note dated _________ (the “Note”) in the principal amount of $_______ with an interest rate of __% per annum and a maturity date of _______, the Issuer owes the Noteholder a balance of $____ including principal and accrued interest as of ____.

 

The Noteholder further agrees to convert the following amount of principal and interest (the “Conversion Amount”) due under the Note into shares of common stock of the Issuer (“Shares”), no par value, at the price stated below. The parties anticipate that the Shares will be eligible for resale pursuant to Rule 144.

 

	
Principal Being Converted:

	
$_____

	  
	
Interest Being Converted:

	
$_____

	  
	
Conversion Price:

	
$_____

	  
	
Number of Shares to Be Issued:

	
______

	  

The Noteholder is surrendering for conversion that portion of the principal and interest due under the Note represented by the Conversion Amount and is not furnishing any other or additional consideration to the Issuer. The Noteholder hereby waives, releases, relinquishes and discharges the Issuer of any and all claims and causes of action it now has or that may hereafter arise with respect to the Conversion Amount and agrees to accept the Shares as full satisfaction thereof. No claims are reserved with respect to the Conversion Amount, and the Noteholder expressly waives any and all rights related thereto, except for those provided for herein, that it may have under the provisions of California Civil Code Section 1542, which provides:

 

“A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.”

 

  

  

  

The Noteholder acknowledges and agrees that this Agreement and the waiver set forth herein are valid and binding on the Noteholder in accordance with the terms hereof. The Noteholder represents and warrants that:

 

	
·  

	
It has the requisite authority to execute and deliver this Agreement and that the person executing and delivering this Agreement has been duly authorized by the Noteholder to do so;

 

	
·  

	
It is not, and has not been for the three months preceding the date hereof, an affiliate of the Issuer and will not hold more than 10% of the issued and outstanding Shares upon consummation of the conversion contemplated hereby; and

 

	
·  

	
It has not assigned or transferred, or purported to assign or transfer, the Note or any right or claim in connection therewith to any other person.

 

This Agreement shall be governed by the laws of the State of California, without regard to the conflict of laws principles thereof. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. This Agreement may not be modified or amended except by a writing signed by both parties hereto. This Agreement may be executed in counterparts, each of which shall be an original, but all of which together shall constitute one and the same agreement. This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof.

 

Agreed to and accepted by:

 

 

	UNIVERSAL DETECTION TECHNOLOGY	 	 NOTEHOLDER
	 	 	 
	 	 	 
	 	 	 
	 
By: Jacques Tizabi, CEOExhibit 10.1

 

ACKNOWLEDGMENT AND MUTUAL RELEASE

 

This Acknowledgment
and Mutual Release (this “Agreement”) is made and entered into as of this 31st day of October, 2012,
by and among the University of Southern California, a California nonprofit educational institution having an address at USC Stevens
Center for Innovation, 1150 S. Olive Street, Suite 2300, Los Angeles, California 90015 (“USC”), California Institute
of Technology, a California nonprofit educational institution having an address c/o Office of Technology Transfer, 1200 East California
Boulevard, M/C 210-85, Pasadena, California, 91125 (“Caltech”) (USC and Caltech, collectively, “Licensor”),
and Direct Methanol Fuel Cell Corporation, a Delaware corporation qualified to do business in California and having its principal
place of business at 382 N. Lemon Ave., Suite 364, Walnut, California 91789 (“Licensee”).

 

R E C I T A L S

 

A.          Licensor and
Licensee are parties to a Confidential License Agreement and a Confidential Non-Exclusive License Agreement, both dated as of January
19, 2006 (collectively, the “License Agreements”), pursuant to which Licensor granted Licensee certain rights
with respect to the Licensor Rights.

 

B.          By letter
dated January 15, 2010, Licensor elected to terminate the License Agreements as a result of Licensee’s breach of the License
Agreements.

 

C.          Licensee has
acquiesced in such termination of the License Agreements and, in connection with its planned termination of operations, desires
the acknowledgments and releases provided for in this Agreement.

 

NOW, THEREFORE,
the parties hereto do hereby agree as follows:

 

1.          Definitions. All capitalized terms used herein and not separately defined herein shall have the respective meanings
therefor set forth in the License Agreements.

 

2.          Acknowledgement by Licensee. Licensee acknowledges that the License Agreements have been terminated, that Licensee
has no further rights thereunder, that Licensor performed all obligations owed by Licensor under the License Agreements prior to
the effective date of termination thereof and that, except as expressly provided hereinbelow, Licensor has no further obligations
thereunder.

 

3.          Acknowledgment
by Licensor. Licensor acknowledges that (a) in light of Licensee’s lack of success in attempting to commercialize the
technology that is the subject of the License Agreements and Licensee’s plan to terminate operations, Licensor has agreed
to forgive any royalties, patent legal fees, or other amounts now due and owing from Licensee under either of the License Agreements
and (b) except as expressly provided hereinbelow, Licensee has no further obligations under either of the License Agreements.

 

    	1

    	 	

    
 

4.          Continuing Provisions. Notwithstanding the termination of the License Agreements as hereinabove provided, Licensor
and Licensee acknowledge that, pursuant to Section 13.3.2 of each of the License Agreements, the provisions of Article 9 (Representations
and Warranties), Article 10 (Disclaimers), Article 11 (Indemnification and Insurance), Section 12.4 (Defense of Third Party Infringement
Claims), Article 14 (Governing Law; Dispute Resolution), Section 15.7 (Notices) and Section 15.13 (Remedies Not Exclusive) of each
of the License Agreements shall survive indefinitely.

 

5.          Release by Licensee. With the exception of the continuing provisions of the License Agreement identified in Paragraph
4 hereof, Licensee hereby releases, acquits and forever discharges Licensor and its direct and indirect subsidiaries, divisions
and affiliates, and each and every one of their respective present and former trustees, directors, managers, officers, employees,
agents, assigns, representatives, predecessors in interest and successors, from and against any and all claims, demands, assertions,
disputes, disagreements, indebtedness, rights, actions, causes of action, costs, expenses, compensation and damages of any kind
whatsoever arising out of or in any way related to the actual or alleged breach, nonperformance and/or termination of the License
Agreements.

 

6.          Release by Licensor. With the exception of the continuing provisions of the License Agreement identified in Paragraph
4 hereof, Licensor hereby releases, acquits and forever discharges Licensee and its direct and indirect parents, subsidiaries,
divisions and affiliates, and each and every one of their respective present and former directors, managers, officers, employees,
agents, assigns, representatives, predecessors in interest and successors, from and against any and all claims, demands, assertions,
disputes, disagreements, indebtedness, rights, actions, causes of action, costs, expenses, compensation and damages of any kind
whatsoever arising out of or in any way related to the actual or alleged breach, nonperformance and/or termination of the License
Agreements.

 

7.          Counterparts. This Agreement may be executed in counterparts and via facsimile, each of which shall be deemed an
original and all of which together shall constitute one and the same document.

 

[Signature page follows]

 

    	2

    	 	

    
 

IN WITNESS WHEREOF, the parties hereto
have executed this Amendment as of the date first set forth above.

 

	 	UNIVERSITY OF SOUTHERN CALIFORNIA
	 	 
	 	/s/ Randolph Hall

Randolph Hall

Vice President of Research
	 	 
	 	CALIFORNIA INSTITUTE OF TECHNOLOGY
	 	 
	 	/s/ Fred Farina

Fred Farina

Executive Director, Technology Transfer
	 	 
	 	DIRECT METHANOL FUEL CELL CORPORATION
	 	 
	 	/s/ Carl Kukkonen

Carl Kukkonen

Chief Executive Officer

 

 

 

 

 

3BTU_8K 2012.11.19_EXH10.1

Exhibit 10.1

AMENDMENT NO. 2 TO CREDIT AGREEMENT

Dated as of November 16, 2012
This AMENDMENT NO. 2 TO CREDIT AGREEMENT (this “Amendment No. 2”) is made by and among PEABODY ENERGY CORPORATION, a Delaware corporation (the “US Borrower”), PEABODY HOLLAND B.V., a private company organized under the laws of the Netherlands (the “Dutch Borrower” and, together with the US Borrower, the “Borrowers”), the Lenders (as defined below) and BANK OF AMERICA, N.A., as Administrative Agent (the “Administrative Agent”).
PRELIMINARY STATEMENTS:
1.    The Borrowers, each lender from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”) and the Administrative Agent have entered into that certain Credit Agreement, dated as of June 18, 2010, as amended by that certain Amendment No. 1 to Credit Agreement, dated as of October 20, 2011 (the “Credit Agreement”); capitalized terms used and not otherwise defined herein have the meanings assigned to such terms in the Credit Agreement.
2.    The Borrowers have requested that the Lenders amend the Credit Agreement to, among other things, modify certain financial covenants. 
3.    Subject to the terms and conditions set forth below, and in consideration of certain agreements of the Borrowers set forth herein and of the Loan Parties in the accompanying Consent, the requisite Lenders are willing to agree to this Amendment No. 2.
NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
SECTION 1    Amendments to the Credit Agreement.  Upon the satisfaction of the applicable conditions precedent set forth in Section 2, the Credit Agreement is hereby amended as follows:

(a)The definition of  “Applicable Rate” in Section 1.01 is hereby amended and restated in its entirety as follows:
“Applicable Rate” means, from time to time, the following percentages per annum, based upon the Consolidated Leverage Ratio (as of the most recent Adjustment Date) as set forth below:

1

	
					
	 
	 
	Applicable Rate
	 

	Level
	Consolidated Leverage Ratio
	Eurocurrency Rate Loans, Swing Line Loans and Letters of Credit
	Base Rate Loans
	Commitment Fee

	I
	> 4.50x
	4.000%
	3.000%
	0.500%

	II
	> 3.50x
	3.500%
	2.500%
	0.500%

	III
	> 3.00x
	3.250%
	2.250%
	0.500%

	IV
	> 2.50x
	3.000%
	2.000%
	0.500%

	V
	> 2.00x
	2.750%
	1.750%
	0.500%

	VI
	> 1.50x
	2.500%
	1.500%
	0.500%

	VII
	< 1.50x
	2.250%
	1.250%
	0.375%

provided that (a) the Applicable Rate determined for any Adjustment Date (including the first Adjustment Date) shall remain in effect until a subsequent Adjustment Date for which the Consolidated Leverage Ratio falls within a different level and (b) if the financial statements and related Compliance Certificate for any fiscal period are not delivered by the date due pursuant to Sections 6.01 and 6.02, the Applicable Rate shall be (i) for the first 35 days subsequent to such due date, the Applicable Rate in effect prior to such due date and (ii) thereafter, as set forth in Level I, in either case, until the date of delivery of such financial statements and Compliance Certificate, after which the Applicable Rate shall be based on the Consolidated Leverage Ratio set forth in such Compliance Certificate.
(b)Section 7.11(b) is hereby amended and restated in its entirety as follows: 

(b)    Consolidated Leverage Ratio.   Permit the Consolidated Leverage Ratio as of the end of each fiscal quarter of the US Borrower to be greater than the ratio set forth opposite that quarter in the table below:

	
		
	Fiscal Quarter Ending
	Consolidated Leverage Ratio

	September 30, 2012
	4.00 to 1.00

	December 31, 2012
	4.00 to 1.00

	March 31, 2013
	5.00 to 1.00

	June 30, 2013
	5.50 to 1.00

	September 30, 2013
	5.50 to 1.00

	December 31, 2013
	5.50 to 1.00

	March 31, 2014
	5.50 to 1.00

	June 30, 2014
	5.00 to 1.00

	September 30, 2014
	5.00 to 1.00

	December 31, 2014
	4.50 to 1.00

	March 31, 2015 and each fiscal quarter thereafter
	4.00 to 1.00

2

SECTION 2Conditions to Effectiveness of Amendment.  The effectiveness of the amendments contained in Section 1 of this Amendment No. 2 is conditioned upon satisfaction of the following conditions precedent:
(a)The Administrative Agent shall have (i) received counterparts of this Amendment No. 2 signed by the Borrowers and the Required Lenders and counterparts of the Consent of Loan Parties attached hereto (the “Consent”) signed by the Loan Parties party thereto and (ii) acknowledged this Amendment No. 2 in writing; 
(b)Each of the representations and warranties in Section 3 below shall be true and correct in all material respects as of the date on which this Amendment No. 2 becomes effective, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date; and
(c)The Administrative Agent shall have received from the US Borrower a consent fee payable in Dollars for the account of each Lender that has returned an executed signature page to this Amendment to the Administrative Agent at or prior to 5:00 p.m., New York City time on November 15, 2012 (the “Consent Deadline” and each such Lender, a “Consenting Lender”) equal to 0.20% of the sum of (x) the aggregate outstanding principal amount of Term Loans, if any, held by such Consenting Lender as of the Consent Deadline with respect to which a consent was delivered and (y) the aggregate amount of Revolving Credit Commitments, if any, of such Consenting Lender as of the Consent Deadline with respect to which a consent was delivered.
SECTION 3Representations and Warranties.  The US Borrower and the Dutch Borrower each represents and warrants to the Administrative Agent and the Lenders as follows:
(a)Authority.  Each of the Borrowers and the Loan Parties party to the Consent has the requisite corporate, limited liability or other such power and authority to execute and deliver this Amendment No. 2 and the Consent, as applicable, and to perform its obligations hereunder and under the Loan Documents (as modified hereby).  The execution, delivery and performance by the Borrowers and each other Loan Party party to the Consent of this Amendment No. 2 (as applicable), the Consent (as applicable), the Loan Documents (as modified hereby) and the transactions contemplated hereby and thereby have been duly approved by all necessary corporate action of such Person and no other corporate proceedings on the part of such Person are necessary to consummate such transactions.

3

(b)No Legal Bar.  The execution and delivery of this Amendment No. 2 by the Borrowers and of the Consent by each Loan Party party thereto, and the performance of the Credit Agreement and each other Loan Document, as amended hereby, by the Borrowers and each other Loan Party party thereto will not violate any Requirement of Law or any Contractual Obligation applicable to or binding on the Borrowers, any Restricted Subsidiary or any of their respective properties or assets, except to the extent that such violation could not reasonably be expected to have a Material Adverse Effect.
(c)Enforceability.  This Amendment No. 2 has been duly executed and delivered by the Borrowers.  The Consent has been duly executed and delivered by each Loan Party party thereto.  This Amendment No. 2 and the Consent is the legal, valid and binding obligation of each such Loan Party party thereto, enforceable against each Loan Party that is party thereto in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other Laws relating to or affecting creditors' rights generally, general principles of equity, regardless of whether considered in a proceeding in equity or at law and an implied covenant of good faith and fair dealing.  
(d)Representations and Warranties.  The representations and warranties contained in each Loan Document (other than any such representations and warranties that, by their terms, are specifically made as of a date other than the date hereof) are true and correct in all material respects on and as of the date hereof as though made on and as of the date hereof.
(e)No Default.  Both immediately before and after giving effect to the amendments set forth in Section 1 hereof no event has occurred and is continuing that constitutes a Default or Event of Default.
SECTION 4Reference to and Effect on Credit Agreement.
(a)Upon and after the effectiveness of this Amendment No. 2, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as modified hereby.

4

(b)Except as specifically modified above, the Credit Agreement and the other Loan Documents are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed.
(c)The execution, delivery and effectiveness of this Amendment No. 2 shall not operate as a waiver of any right, power or remedy of the Administrative Agent or any Lender under any of the Loan Documents, nor, except as expressly provided herein, constitute a waiver or amendment of any provision of any of the Loan Documents.  On and after the effectiveness of this Amendment No. 2, this Amendment No. 2 shall for all purposes constitute a Loan Document.
SECTION 5Counterparts.  This Amendment No. 2 may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.  Delivery of an executed counterpart of a signature page to this Amendment No. 2 or such Consent by facsimile or other electronic imaging means shall be effective as delivery of a manually executed counterpart of this Amendment No. 2 or such Consent, as applicable.
SECTION 6Severability.  Any provision of this Amendment No. 2 that 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, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
SECTION 7Governing Law.  This Amendment No. 2 shall be governed by, and construed in accordance with, the laws of the State of New York.
SECTION 8Waiver of Jury Trial.  EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, TRIAL BY JURY IN ANY ACTION OR PROCEEDING WITH RESPECT TO THIS AMENDMENT NO. 2 OR ANY OTHER LOAN DOCUMENT.
[Signature Page to Follow]

5

IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 2 to be executed by their respective officers thereunto duly authorized, as of the date first written above. 

PEABODY ENERGY CORPORATION,
a Delaware corporation

By:     /s/ James A. Tichenor    
Name: James A. Tichenor
Title: Vice President and Treasurer

PEABODY HOLLAND B.V.,
a private company organized under the law of the Netherlands

By:     /s/ John F. Quinn, Jr    
Name: John F. Quinn, Jr
Title: Director

BANK OF AMERICA, N.A.,
as Administrative Agent

By:     /s/ Matthew S. Hichborn    
Name: Matthew S. Hichborn
Title: Assistant Vice President 

BANK OF AMERICA, N.A.,
as Lender

By:     /s/ Adam H. Fey     
Name: Adam H. Fey
      Title: Director 

BANK LEUMI USA, 
as Lender

By:     /s/ Noam Katz    
Name: Noam Katz
Title: AVP

By:     /s/ Michaela Klein    
Name: Michaela Klein
Title: FSVP 

THE BANK OF EAST ASIA, LIMITED, 
LOS ANGELES BRANCH
as Lender

By:     /s/ Chong C. Tan    
Name: Chong C. Tan
Title: VP & Credit Manager

By:     /s/ Victor Li    
Name: Victor Li
Title: General Manager

BANK OF MONTREAL, CHICAGO BRANCH,
as Lender

By:     /s/ Yacouba Kane    
Name: Yacouba Kane
Title: Vice President 

THE BANK OF TOKYO-MITSUBISHI 
UFJ, LTD.,
as Lender

By:     /s/ Christine Howatt    
Name: Christine Howatt
      Title: Authorized Signatory 

BARCLAYS BANK PLC,
as Lender

By:     /s/ Michael J. Mozer    
Name: Michael J. Mozer
Title: Vice President 

BNP PARIBAS,
as Lender

By:     /s/ Claudia Zarate    
Name: Claudia Zarate
Title: Director 

By:     /s/ Nicolas Anberrée    
Name: Nicolas Anberrée
Title: Associate

BRANCH BANKING AND TRUST COMPANY,
as Lender

By:     /s/ Eric Searls    
Name: Eric Searls
Title: Senior Vice President 

CATERPILLAR FINANCIAL SERVICE INC,
as Lender

By:     /s/ Paul Owen    
Name: Paul Owen
Title: Credit Manager

CITIBANK, N.A.,
as Lender

By:     /s/ Raymond G. Dunning    
Name: Raymond G. Dunning
Title: Vice President

CITY NATIONAL BANK,
as Lender

By:     /s/ Jeanine A. Smith    
Name: Jeanine A. Smith
Title: Vice President

COMERICA BANK,
as Lender

By:     /s/ Mark J. Leveille    
Name: Mark J. Leveille
Title: Vice President 

COMMONWEALTH BANK OF AUSTRALIA,
as Lender

By:     /s/ Ajay Lele    
Name: Ajay Lele
Title: Associate Vice President 

COMPASS BANK,
as Lender

By:     /s/ A. Alex Morton    
Name: A. Alex Morton
     Title: Senior Vice President 

CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK,
as Lender

By:     /s/ Blake Wright    
Name: Blake Wright
Title: Managing Director

By:     /s/ Mike McIntyre    
Name: Mike McIntyre
Title: Director

CRÉDIT INDUSTRIEL ET COMMERCIAL,
as Lender

By:     /s/ Brian O'Leary    
Name: Brian O'Leary
Title: Managing Director

By:     /s/ Anthony Rock     
Name: Anthony Rock
Title: Managing Director

E. SUN COMMERCIAL BANK, LTD.,
LOS ANGELES BRANCH,
as Lender

By:     /s/ Edward Chen    
Name: Edward Chen
Title: VP & General Manager

FIFTH THIRD BANK,
as Lender

By:     /s/ Robert M. Sander    
Name: Robert M. Sander
Title: Vice President 

THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND,
as Lender

By:     /s/ Padraig Rushe    
Name: Padraig Rushe
Title: Authorised Signatory

By:     /s/ Wendy Hobson    
Name: Wendy Hobson
Title: Authorised Signatory

HSBC BANK USA, NATIONAL ASSOCIATION,
as Lender

By:     /s/ Adam Hendley    
Name: Adam Hendley
Title: Director

HUA NAN COMMERCIAL BANK, LTD. NEW YORK AGENCY,
as Lender

By:     /s/ Henry Hsieh    
Name: Henry Hsieh
Title: Assistant Vice President

JPMORGAN CHASE BANK, N.A.,
as Lender

By:     /s/ Peter S. Predun    
Name: Peter S. Predun
Title: Executive Director

LAFAYETTE CLO I, LTD.,
as Lender

By:     /s/ Brian O'Leary    
Name: Brian O'Leary
     Title: Managing Director  

By:     /s/ Dora DeBlasi Hyduk    
Name: Dora DeBlasi Hyduk
      Title: First Vice President & Sr. Credit           
                Officer  

MEGA INTERNATIONAL COMMERCIAL BANK CO, LTD. NEW YORK BRANCH,
as Lender

By:     /s/ Luke Hwang    
Name: Luke Hwang    
Title: VP & DGM    

MORGAN STANLEY BANK, N.A.,
as Lender

By:     /s/ Dmitriy Barskiy    
Name: Dmitriy Barskiy    
Title: Authorized Signatory     

NATIONAL AUSTRALIA BANK
ABN# 12-004-044-937,
as Lender

By:     /s/ Paul Scott     
Name: Paul Scott    
Title: Associate Director     

OVERSEA-CHINESE BANKING CORPORATION LIMITED, NEW YORK AGENCY, 
as Lender

By:     /s/ Lee Yeoh Nguan    
Name: Lee Yeoh Nguan    
Title: Vice President and General Manager

PEOPLE'S UNITED BANK,
as Lender

By:     /s/ Mark Ferron    
Name: Mark Ferron     
Title: Vice President     

PNC BANK, NATIONAL ASSOCIATION,
as Lender

By:     /s/ Richard C. Munsick    
Name: Richard C. Munsick    
Title: Senior Vice President    

THE ROYAL BANK OF SCOTLAND PLC,
as Lender

By:     /s/ David Slye    
Name: David Slye    
Title: Authorised Signatory    

SOCIÉTÉ GÉNÉRALE,
as Lender

By:     /s/ Daniel Ota    
Name: Daniel Ota
Title: Director 

SOVEREIGN BANK, N.A.,
as Lender

By:     /s/ William Maag    
Name: William Maag
      Title: Senior Vice President 

STANDARD CHARTERED BANK,
as Lender

By:     /s/ James H. Ramage    
Name: James H. Ramage
Title: Managing Director

By:     /s/ Robert K. Reddington    
Name: Robert K. Reddington
Title: Credit Documentation Manager
          Credit Documentation Unit WB                 
                    Legal-Americas    

STATE BANK OF INDIA (CALIFORNIA),
as Lender

By:     /s/ Rimjhim Chhabra    
Name: Rimjhim Chhabra    
Title: Vice-President & Manager    

SUMITOMO MITSUI BANKING CORPORATION,
as Lender

By:     /s/ Shuji Yabe    
Name: Shuji Yabe    
Title: Managing Director     

TAIWAN COOPERATIVE BANK LOS ANGELES BRANCH,
as Lender

By:     /s/ Li-Hua Huang    
Name: Li-Hua Huang     
Title: VP & General Manager    

UMB BANK, N.A.,
as Lender

By:     /s/ Thomas C. Hof    
Name: Thomas C. Hof    
Title: Executive Vice President    

UNICREDIT BANK AG, NEW YORK BRANCH,
as Lender

By:     /s/ Annett Guderian    
Name: Annett Guderian    
      Title: Director 

By:     /s/ Betsy Hudson    
Name: Betsy Hudson
      Title: Associate

UNION BANK, N.A.,
as Lender

By:     /s/ Richard G. Reeves    
Name: Richard G. Reeves    
      Title: Senior Vice President

UNITED OVERSEAS BANK LIMITED, NEW YORK AGENCY,
as Lender

By:     /s/ William Sinsigalli    
Name: William Sinsigalli    
Title: Senior Vice President     

By:     /s/ Mario Sheng    
Name: Mario Sheng    
Title: Assistant Vice President     

U.S. BANK NATIONAL ASSOCIATION,
as Lender

By:     /s/ John M. Eyerman    
Name: John M. Eyerman    
Title: Vice President    

WELLS FARGO BANK, N.A.,
as Lender

By:     /s/ Courtney Kubesch     
Name: Courtney Kubesch    
Title: Vice President     

WESTPAC BANKING CORPORATION,
as Lender

By:     /s/ David Brumby    
Name: /s/ David Brumby 
Title: Executive Director     

CONSENT OF LOAN PARTIES
Dated as of November 16, 2012

The undersigned, as US Subsidiary Guarantors under the “US Subsidiary Guaranty” (as such term is defined in and under the Credit Agreement referred to in the foregoing Amendment No. 2), each hereby consents and agrees to the foregoing Amendment No. 2 and hereby confirms and agrees that (i) the US Subsidiary Guaranty is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects except that, upon the effectiveness of said Amendment No. 2, the reference in the US Subsidiary Guaranty to the “Credit Agreement,” “thereunder,” “thereof” and words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as modified by said Amendment No. 2, and (ii) the US Subsidiary Guaranty does, and shall continue to, constitute a guaranty of the US Borrower Obligations as defined in the US Subsidiary Guaranty.  

[Signature Page to Follow]

    

IN WITNESS WHEREOF, the parties hereto have caused this Consent of Loan Parties to be executed by their respective officers thereunto duly authorized, as of the date first written above.

EACH OF THE US GUARANTORS LISTED 
ON SCHEDULE I HERETO

By:    /s/ James A. Tichenor
Name: James A. Tichenor
Title: Vice President and Treasurer         

SCHEDULE I
LIST OF US GUARANTORS
	
	
	American Land Development, LLC

	American Land Holdings of Colorado, LLC

	American Land Holdings of Illinois, LLC

	American Land Holdings of Indiana, LLC

	American Land Holdings of Kentucky, LLC

	American Land Holdings of West Virginia, LLC

	Arid Operations Inc.

	Big Ridge, Inc.

	Big Sky Coal Company

	Black Hills Mining Company, LLC

	BTU Western Resources, Inc.

	Caballo Grande, LLC

	Caseyville Dock Company, LLC

	Central States Coal Reserves of Illinois, LLC

	Central States Coal Reserves of Indiana, LLC

	Century Mineral Resources, Inc.

	Coal Reserve Holding Limited Liability Company No. 1

	COALSALES II, LLC

	Colorado Yampa Coal Company

	Conservancy Resources, LLC

	Cottonwood Land Company

	Cyprus Creek Land Company

	Cyprus Creek Land Resources, LLC

	Dyson Creek Coal Company, LLC

	Dyson Creek Mining Company, LLC

	El Segundo Coal Company, LLC

	Elkland Holdings, LLC

	Falcon Coal Company, LLC

	Gallo Finance Company

	Gold Fields Chile, LLC

	Gold Fields Mining, LLC

	Gold Fields Ortiz, LLC

	Hayden Gulch Terminal, LLC

	Highwall Mining Services Company

	Hillside Recreational Lands, LLC

	HMC Mining, LLC

	Illinois Land Holdings, LLC

	Independence Material Handling, LLC

	James River Coal Terminal, LLC

	Juniper Coal Company

	Kayenta Mobile Home Park, Inc.

	
	
	Kentucky Syngas, LLC

	Lively Grove Energy, LLC

	Lively Grove Energy Partners, LLC

	Marigold Electricity, LLC

	Midco Supply and Equipment Corporation

	Midwest Coal Acquisition Corp.

	Midwest Coal Reserves of Illinois, LLC

	Midwest Coal Reserves of Indiana, LLC

	Moffat County Mining, LLC

	Mustang Energy Company, L.L.C.

	New Mexico Coal Resources, LLC

	Pacific Export Resources, LLC

	Peabody America, Inc.

	Peabody Archveyor, L.L.C.

	Peabody Arclar Mining, LLC

	Peabody Bear Run Mining, LLC

	Peabody Bear Run Services, LLC

	Peabody Caballo Mining, LLC

	Peabody Cardinal Gasification, LLC

	Peabody COALSALES, LLC

	Peabody COALTRADE, LLC

	Peabody COALTRADE International (CTI), LLC

	Peabody Colorado Operations, LLC

	Peabody Colorado Services, LLC

	Peabody Coulterville Mining, LLC

	Peabody Development Company, LLC

	Peabody Electricity, LLC

	Peabody Employment Services, LLC

	Peabody Energy Generation Holding Company

	Peabody Energy Investments, Inc.

	Peabody Energy Solutions, Inc.

	Peabody Gateway North Mining, LLC

	Peabody Gateway Services, LLC

	Peabody Holding Company, LLC

	Peabody Illinois Services, LLC

	Peabody Indiana Services, LLC

	Peabody International Investments, Inc.

	Peabody International Services, Inc.

	Peabody Investments Corp.

	Peabody Magnolia Grove Holdings, LLC

	Peabody Midwest Management Services, LLC

	Peabody Midwest Mining, LLC

	Peabody Midwest Operations, LLC

	Peabody Midwest Services, LLC

	Peabody Natural Gas, LLC

	
	
	Peabody Natural Resources Company

	Peabody New Mexico Services, LLC

	Peabody Operations Holding, LLC

	Peabody Powder River Mining, LLC

	Peabody Powder River Operations, LLC

	Peabody Powder River Services, LLC

	Peabody PowerTree Investments, LLC

	Peabody Recreational Lands, L.L.C.

	Peabody Rocky Mountain Management Services, LLC

	Peabody Rocky Mountain Services, LLC

	Peabody Sage Creek Mining, LLC

	Peabody School Creek Mining, LLC

	Peabody Services Holdings, LLC

	Peabody Southwest, LLC

	Peabody Southwestern Coal Company

	Peabody Terminal Holding Company, Inc.

	Peabody Terminals, LLC

	Peabody Trout Creek Reservoir LLC

	Peabody Twentymile Mining, LLC

	Peabody Venezuela Coal Corp.

	Peabody Venture Fund, LLC

	Peabody-Waterside Development, L.L.C.

	Peabody Western Coal Company

	Peabody Wild Boar Mining, LLC

	Peabody Wild Boar Services, LLC

	Peabody Williams Fork Mining, LLC

	Peabody Wyoming Gas, LLC

	Peabody Wyoming Services, LLC

	PEC Equipment Company, LLC

	Point Pleasant Dock Company, LLC

	Pond River Land Company

	Porcupine Production, LLC

	Porcupine Transportation, LLC

	Riverview Terminal Company

	Sage Creek Holdings, LLC

	School Creek Coal Resources, LLC

	Seneca Coal Company, LLC

	Shoshone Coal Corporation

	Star Lake Energy Company, L.L.C.

	Sugar Camp Properties, LLC

	Thoroughbred Generating Company, LLC

	Thoroughbred Mining Company, LLC

	Twentymile Coal, LLC

	West Roundup Resources, LLC

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00210-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00210-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00210-of-00352.parquet"}]]