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Exhibit 10.1

ALPHA METALLURGICAL RESOURCES, INC.
EXECUTIVE OFFICER INCENTIVE COMPENSATION 
RECOUPMENT (CLAWBACK) POLICY

Adopted and Effective April 28, 2021
Introduction 
As reflected in the Code of Business Ethics of Alpha Metallurgical Resources, Inc. (the “Company”), the Company believes that it is in the best interests of the Company and its stockholders to maintain a culture that emphasizes integrity and accountability, including as to financial reporting matters. The Board of Directors of the Company (the “Board”) has therefore adopted this policy (this “Policy”), which provides for the recoupment of certain executive officer compensation in the event of an accounting restatement resulting from material noncompliance with financial reporting requirements under the federal securities laws. 
Administration 
This Policy shall be administered by the Compensation Committee of the Board (the “Committee”). Any determinations made by the Committee shall be final and binding on all affected individuals. 
Incentive Compensation; Covered Executives 
This policy applies to Incentive Compensation paid, granted or otherwise awarded to the Company’s current and former executive officers (“Covered Executives”). For purposes of this Policy, (1) “Incentive Compensation” means annual bonuses and other short- and long-term cash incentive awards, stock options, restricted stock awards and other equity or equity-based awards, and (2) “executive officer” means an “officer” as defined in Rule 16a-1 under the Securities Exchange Act of 1934, as amended, as determined by the Board. 
Recoupment; Accounting Restatement 
In the event the Company is required to prepare an accounting restatement of its financial statements due to the Company’s material noncompliance with any financial reporting requirement under the federal securities laws and the Committee determines that a Covered Executive engaged in fraud or intentional misconduct that materially contributed to the need for such restatement, the Committee will (subject to the exceptions set forth below) seek to require reimbursement or forfeiture of Incentive Compensation received by such Covered Executive during the three-year period preceding the date on which the Company is required to prepare such accounting restatement. The amount of Incentive Compensation to be recovered will be the excess of the Incentive Compensation paid to the Covered Executive based on the erroneously reported financial results over the Incentive Compensation that would have been paid to the Covered Executive had it been based on the restated results, as determined by the Committee. 

Exceptions 
The Committee shall not seek recovery to the extent it determines that to do so would not be in the best interests of the Company and its stockholders. In making any such determination, the Committee shall take into account such considerations as it deems appropriate, which may include, without limitation, (a) the likelihood of success in recovering the Incentive Compensation under applicable law and the cost and effort associated with the recovery effort, (b) whether the assertion of a claim may prejudice the interests of the Company, including in any related proceeding or investigation, and/or (c) the passage of time since the occurrence of the act in respect of the applicable fraud or intentional misconduct. 
Notice 
Before the Committee determines to seek recovery pursuant to this Policy, it shall provide to the applicable Covered Executive with written notice and the opportunity to be heard, at a meeting of the Committee (which may be in person or telephonic, as determined by the Committee). 
Method of Recoupment 
The Committee will determine, in its sole discretion, the method for recouping Incentive Compensation hereunder, which may include, without limitation: 
(a) requiring reimbursement of cash incentive compensation previously paid; 
(b) seeking recovery of any gain realized on the vesting, exercise, settlement, sale, transfer or other disposition of any equity (and/or equity-based) awards; and/or 
(c) cancelling outstanding vested or unvested equity (and/or equity-based) awards. 
Interpretation 
The Committee is authorized to interpret and construe this Policy and to make all determinations necessary, appropriate or advisable for the administration of this Policy. 
Effective Date 
This Policy shall be effective as of April 28, 2021 (the “Effective Date”) and shall apply only to Incentive Compensation that is approved, awarded or granted to Covered Executives on or after the Effective Date, except as otherwise agreed by any Covered Executive. 
Other Recoupment Rights 
The Board intends that this Policy will be applied to the fullest extent of the law. The Board may require that any employment agreement, equity award agreement or similar agreement entered into on or after the Effective Date shall, as a condition to the grant of any benefit thereunder, require the applicable Covered Executive to agree to abide by the terms of this Policy. This Policy does not require the amendment of any employment, equity award or other agreement entered into prior to the Effective Date. Any recoupment under this Policy is in addition to, and not in lieu of, any other remedies or rights of recoupment that may be available to the Company pursuant to the terms of any similar policy in any employment agreement, incentive or equity 

compensation plan or award or other agreement and any other legal rights or remedies available to the Company. 
Successors 
To the fullest extent permitted by applicable law, this Policy shall be binding and enforceable against all Covered Executives and their beneficiaries, heirs, executors, administrators or other legal representatives.Document

Exhibit 10.1
[***] indicates certain identified information has been excluded because it is both (a) not material and (b) would be competitively harmful if publicly disclosed.
CHANGE ORDER 
Early Turnover of LNG Tank B
						
	PROJECT NAME:  Corpus Christi Stage 2 Liquefaction Facility

OWNER:  Corpus Christi Liquefaction, LLC

CONTRACTOR:  Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: December 12, 2017
	CHANGE ORDER NUMBER: 00043

DATE OF CHANGE ORDER: January 13, 2021

			
	

The Agreement between the Parties listed above is changed as follows:

The Parties agree Owner shall occupy and use the following components of the Stage 2 Liquefaction Facility prior to Substantial Completion of Subproject 3.

Pursuant to Article 6 of the Agreement, Parties agree Contractor shall turn over the following facility (“Facility”) to Owner by January 31, 2021 (or, if the Parties mutually agree in writing, both acting reasonably as soon as reasonably practicable thereafter):

•LNG Tank B — System 024-01-B

Contractor agrees that Owner may occupy and use a Facility during Phase 2, subject to the following conditions:

1)“Phase 1” means the time period beginning upon the date this Change Order is executed and ending on the date a Facility is turned over to Owner.

2)“Phase 2” means the time period beginning the date a Facility is turned over to Owner and ending on the date of Substantial Completion of Subproject 3.

3)During Phase 1:

a.Contractor shall perform Work to complete the Facility in accordance with the Agreement so that the Facility is ready for full occupancy and use and, to the extent required, and shall obtain a Certificate of Occupancy for each Facility.

b.Contractor shall perform preventive maintenance on the Facility and its systems according to the operating and maintenance manuals. 

c.On or before the date a Facility is to be turned over to Owner, Owner and Contractor shall jointly inspect the Facility to determine and record whether the Work for the Facility is completed, other than Punchlist items that may be completed after turnover to Owner (such Punchlist items that may be completed after turnover is hereinafter referred to as “Remaining Work”). The Parties shall agree on the Remaining Work needed to be completed or corrected as a result of such inspection. Contractor shall complete the Work on the Facility prior to the commencement of Phase 2 other than the agreed upon Remaining Work.

d.On or before the date a Facility is to be turned over to Owner, Contractor shall complete the Work for the Facility other than the Remaining Work and deliver to Owner the keys to the Facility as required. Upon such turnover, Owner shall maintain access control and security to and inside the Facility. Upon such turnover, Owner shall immediately take care, custody and control of the Facility. 

4)During Phase 2:

a.Owner shall have the right to occupy and use the Facility. 

b.Owner shall provide Contractor with reasonable access to complete all Remaining Work so long as such access does not materially interfere with Owner’s use of the Facility. Such Remaining Work shall be conducted under Owner’s Permit to Work system. 

c.Owner will transport its personnel to the Facility. 

d.Owner will perform preventive maintenance on the Facility. 

e.Contractor shall continue to provide utilities (temporary and permanent) to the Facility as required.

5)Upon commencement of Phase 2, Owner shall bear the full risk of physical loss and damage to the Facility; provided, however, notwithstanding the foregoing, Contractor shall remain fully responsible and liable to Owner for its Warranty and Corrective Work obligations under the Agreement. 

6)The Defect Correction Period for a Facility shall commence upon turnover at Phase 2 and end eighteen (18) months thereafter, as may be extended pursuant to Section 12.3 of the Agreement Owner shall provide Contractor with access to the turned-over Facility sufficient to perform any Corrective Work and subject to any reasonable security or safety requirements of Owner.

7)Contractor shall maintain in full force and effect all coverage under Attachment O of the Agreement. Contractor’s builder’s risk insurance shall continue to cover all Facilities during Phase 2; provided, however, that Owner shall be responsible for the per occurrence deductible under Contractor’s builder’s risk policy to the extent damage to a turned-over Facility is caused by Owner Group. Owner’s operational insurance shall cover a Facility after the end of Phase 2.

8)Owner shall manage Environmental, Safety & Health incidents involving Owner’s work within a Facility, with Contractor’s reasonable assistance as needed on a cost reimbursable basis. 

9)The Parties selection of item [A] on page 4 of this Change Order, which states this Change Order shall constitute full and final settlement and accord of all effects of the change reflected in this Change Order upon the Changed Criteria shall be deemed to compensate Contractor fully for such change, but shall not prejudice Contractor’s right to a Change Order in accordance with Section 6.2A.2 and 8.2C arising from Owner’s occupation or use of the Facilities.
			
	

Adjustment to Contract Price
									
	The original Contract Price was	$	2,360,000,000 	
	Net change by previously authorized Change Orders (00001-00042)	$	56,986,474 	
	The Contract Price prior to this Change Order was	$	2,416,986,474 	
	The Aggregate Equipment Price will be changed by this Change Order in the amount of	$	[***]
	The Aggregate Labor and Skills Price will be changed by this Change Order in the amount of	$	[***]
			
	The new Contract Price including this Change Order will be	$	2,416,986,474 	

			
	

Adjustment to Aggregate Equipment Price
									
	The original Aggregate Equipment Price was	$	[***]
	Net change by previously authorized Change Orders (00001-00042)	$	[***]
	The Aggregate Equipment Price prior to this Change Order was	$	[***]
	The Aggregate Equipment Price will be changed by this Change Order in the amount of	$	[***]
			
			
	The new Aggregate Equipment Price including this Change Order will be	$	[***]

			
	

Adjustment to Aggregate Labor and Skills Price
									
	The original Aggregate Labor and Skills Price was	$	[***]
	Net change by previously authorized Change Orders (00001-00042)	$	[***]
	The Aggregate Labor and Skills Price prior to this Change Order was	$	[***]
	The Aggregate Labor and Skills Price will be changed by this Change Order in the amount of	$	[***]
			
			
	The new Aggregate Labor and Skills Price including this Change Order will be	$	[***]

			
	

Adjustment to Aggregate Provisional Sum
									
	The original Aggregate Provisional Sum was	$	295,549,906 	
	Net change by previously authorized Change Orders (00001-00042)	$	(15,701,306)	
	The Aggregate Provisional Sum prior to this Change Order was	$	279,848,600 	
	The Aggregate Provisional Sum will be changed by this Change Order in the amount of	$	— 	
			
			
	The new Aggregate Provisional Sum including this Change Order will be	$	279,848,600 	

Adjustment to dates in Project Schedule

The following dates are modified (list all dates modified; insert N/A if no dates modified): N/A

Adjustment to other Changed Criteria (insert N/A if no changes or impact)

Adjustment to Payment Schedule: N/A

Adjustment to Minimum Acceptance Criteria: N/A

Adjustment to Performance Guarantees: N/A

Adjustment to Design Basis: N/A

Other adjustments to liability or obligation of Contractor or Owner under the Agreement: N/A

Select either A or B:
[A] This Change Order shall constitute a full and final settlement and accord and satisfaction of all effects of the change reflected in this Change Order upon the Changed Criteria and shall be deemed to compensate Contractor fully for such change.  Initials:  
/s/ MD    Contractor  /s/ DC  Owner

[B] This Change Order shall not constitute a full and final settlement and accord and satisfaction of all effects of the change reflected in this Change Order upon the Changed Criteria and shall not be deemed to compensate Contractor fully for such change.  Initials:  ____ Contractor  ____ Owner

Upon execution of this Change Order by Owner and Contractor, the above-referenced change shall become a valid and binding part of the original Agreement without exception or qualification, unless noted in this Change Order.  Except as modified by this and any previously issued Change Orders, all other terms and conditions of the Agreement shall remain in full force and effect.  This Change Order is executed by each of the Parties’ duly authorized representatives. 

									
	/s/ David Craft		/s/ Michael Dorris
	Owner		Contractor
	David Craft		Michael Dorris
	Name		Name
	SVP, Engineering and Construction		Sr. Project Manager
	Title		Title
	January 27, 2021		January 19, 2021
	Date of Signing		Date of Signing

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