Document:

Form of Stock Option Agreement

 Exhibit 10.1 

Form of Stock Option Agreement 

SEITEL HOLDINGS, INC. 

STOCK OPTION AGREEMENT 

THIS STOCK OPTION AGREEMENT (this “Agreement”) is entered into as of
             (the “Grant Date”) between Seitel Holdings, Inc., a Delaware corporation (the “Company”), and
             (“Participant”). 
 Pursuant to
the Company’s 2007 Non-Qualified Stock Option Plan (the “Plan”) a copy of which is attached hereto as Exhibit A, the administrative committee of the Plan (the “Committee”) hereby grants the Participant
certain options to acquire shares of the Company’s common stock, par value $.001 per share (the “Common Stock), subject to the terms and conditions provided herein and the applicable terms of the Plan and Securities Holders
Agreement. You acknowledge that your original option granted is cancelled upon issuance of this Option. 
 Certain provisions of
this Agreement are intended for the benefit of, and shall be enforceable by, Investor (as defined in the Plan). In the event a provision of this Agreement is inconsistent or conflicts with the provisions of the Plan, the provisions of the Plan will
govern and prevail. 
 NOW THEREFORE, the parties hereto agree as follows: 

1. Plan Acknowledgement. Each of the undersigned agree that this Agreement has been executed and delivered, and the Option has
been granted hereunder, in connection with and as a part of the compensation and incentive arrangements between the Company and Participant and, except as otherwise specified herein, pursuant to, and subject to each of the terms and conditions of
the Plan and the Securities Holders Agreement, and the Participant agrees to be bound by, and comply with, the terms of the Plan and the Securities Holders Agreement. Capitalized terms used in this Agreement and not defined shall have the meanings
ascribed thereto in the Plan or, if no meaning is ascribed thereto in the Plan, the meaning ascribed thereto in the Securities Holders Agreement. 

2. Option Grant. 

(a) The Company hereby grants to Participant, pursuant to the Plan, an Option to purchase
             shares of Common Stock, at an exercise price per share of $             (the “Per Share
Exercise Price”), effective as of the Grant Date. The Option will expire on the close of business on              (the “Expiration Date”), subject to
earlier expiration as provided herein or in the Plan. The Option is a non-qualified stock option and is not intended to be an “incentive stock option” within the meaning of Section 422 of the Code. 

(b) Early Expiration of Options. Except as provided below in Section 3 or in an employment agreement between
the Participant and the Company, any portion of the Option granted hereunder that has not vested and become exercisable as of the Employment Termination Date shall expire and be forfeited on such date and may not be exercised under any circumstance.
Any portion of the Option granted hereunder that has vested and become exercisable as of the Employment Termination Date shall also expire 

 

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and be forfeited on the earlier of (i) 45 days after the Employment Termination Date (provided that such period shall be extended to six (6) months after Participant’s termination,
in the event Participant’s termination is due to death or Disability) and (ii) the close of business on the Expiration Date. Notwithstanding any provision in this Agreement to the contrary if Participant is discharged for Cause, all of
Participant’s Options not previously exercised shall expire and be forfeited whether exercisable or not. 

(c) Procedure for Exercise. At any time after all or any portion of the Option granted hereunder has become vested
and exercisable with respect to any shares of Common Stock subject thereto and prior to the close of business on the Expiration Date (except as provided for in Section 2(b) above), the Participant may exercise all or any portion of the
Option granted hereunder with respect to Common Stock underlying such Option to the extent vested pursuant to Section 3 below by delivering written notice of exercise to the Company, together with (i) a written acknowledgment that
Participant has read and has been afforded an opportunity to ask questions of the management of the Company regarding all financial and other information provided to Participant regarding the Company and its Subsidiaries (ii) payment in full
(A) by delivery of a cashier’s, personal or certified check or wire transfer of immediately available funds to the Company, in the amount equal, to the number of shares of Common Stock to be acquired multiplied by the Per Share Exercise
Price (the “Total Exercise Price”), or (B) if permitted by the Company, by (I) reducing the number of shares of Common Stock to be issued upon exercise by a number of shares of Common Stock with a Fair Market Value equal
to the Total Exercise Price, or (II) with shares previously owned by the Executive with a Fair Market Value equal to the Total Exercise Price, and (iii) a joinder to the Securities Holders Agreement satisfactory in form and content to the
Committee. 
 (d) Securities Laws Restrictions. Participant represents that when Participant exercises any
portion of the Option, Participant will be purchasing the Common Stock subject thereto for Participant’s own account and not on behalf of others. Participant understands and acknowledges that federal, state and foreign securities laws govern
and restrict Participant’s right to offer, sell or otherwise dispose of any portion of the Option or Common Stock subject thereto unless Participant’s offer, sale or other disposition thereof is registered under the Securities Act and
federal, state and foreign securities laws or, in the opinion of the Company’s counsel, such offer, sale or other disposition is exempt from registration thereunder. Participant agrees that Participant will not offer, sell or otherwise dispose
of any Common Stock in any manner which would: (i) require the Company to file any registration statement (or similar filing under applicable securities law) with the Securities and Exchange Commission or to amend or supplement any such filing
or (ii) violate or cause the Company to violate the Securities Act, the rules and regulations promulgated thereunder or any other applicable securities law. Participant further understands that the certificates for any Common Stock which
Participant purchases upon exercise of the Option shall bear the legend set forth in the Securities Holders Agreement or such other legends as the Company deems necessary or desirable in connection with the Securities Act or other rules, regulations
or laws. 
 (e) Limited Transferability of the Options; Joinder to Securities Agreement. The Options
granted hereunder are personal to Participant and are not transferable by 
  

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Participant except as provided in the Securities Holders Agreement. Participant agrees to exercise a joinder to the Securities Holders Agreement, and to be bound by the terms and conditions
contained therein. Participant acknowledges and agrees that the Option shall be treated as “Incentive Securities” under the applicable provisions of the Securities Holders Agreement. Participant acknowledges and agrees that the Option and
any Common Stock acquired upon the exercise thereof, and any right or interest therein, may not be sold, transferred, gifted, donated, pledged, hypothecated, disposed of or assigned by Participant except as expressly provided in the Securities
Holders Agreement. Participant further acknowledges and agrees that the Option and any right or interest therein, may not be sold, assigned, transferred, gifted, donated, pledged, hypothecated or disposed of, except that Participant will be required
to sell or otherwise dispose of such Option in accordance with the Securities Holders Agreement. 
 3. Exercisability.
The Option shall become vested and exercisable in accordance with the provisions of this Section 3. That portion of the Option which has become vested as of the date of determination are referred to herein as “Vested Options,”
and the remainder of the Option is referred to herein as “Unvested Options.” Participant may only exercise that portion of the Option that is Vested Options. 

(a) The Option shall be         % vested as of the Grant Date and the
remaining         % will vest on             . Thus, the Option will be fully vested on
            , the fourth anniversary of the grant date of the exchanged option. 

(b) Upon (i) an Approved Sale, or (ii) if a Change in Control occurs, all of Participant’s Unvested Options
shall vest, if as of the date of such Approved Sale or a Change in Control, the Participant is, and has been continuously, employed by the Company or any of its Subsidiaries. 

(c) Notwithstanding anything herein to the contrary, if the Participant is terminated by the Company without Cause, the
Option shall become 100% vested as of the date of such termination without Cause. 
 (d) For purposes of this
Section 3, the following terms shall have the following meanings: 
 “Change in Control” means the occurrence of
any of the following events: 
 (i) any “person” or “group” (as such terms are used in
Sections 13(d) and 14(d) of the Exchange Act), other than one or more Existing Stockholders, is or becomes the Beneficial Owner of Voting Stock representing more than 50% of the voting power of the total outstanding Voting Stock of the Company;

 (ii) during any period of two consecutive years, individuals who at the beginning of such period constituted
the Board (together with any new directors whose election to such Board or whose nomination for election by the stockholders of the Company was approved by a vote of the majority of the directors of the Company then still in office who were either
directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to constitute a majority of the Board of the Company; 

 

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 (iii) (a) all or substantially all of the assets of the assets of the
Company and its subsidiaries taken as a whole are sold or otherwise transferred to any Person other than a wholly-owned subsidiary of the Company or one or more Existing Stockholders or (b) the Company consolidates or merges with or into
another Person or any Person consolidates or merges with or into the Company, in either case under this clause (iii)(b), in one transaction or a series of related transactions in which immediately after the consummation thereof Persons beneficially
owning (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, Voting Stock representing in the aggregate a majority of the total voting power of the Voting Stock of the Company immediately prior to such consummation do
not beneficially own (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, Voting Stock representing a majority of the total voting power of the Voting Stock of the Company or the surviving or transferee Person; or

 (iv) the Company shall adopt a plan of liquidation or dissolution or any such plan shall be approved by the
stockholders of the Company. 
 For purposes of this definition, (i) a Person shall not be deemed to have beneficial ownership of
securities subject to a stock purchase agreement, merger agreement or similar agreement until the consummation of the transactions contemplated by such agreement and (ii) any holding company whose only significant asset is equity interests of
the Company shall not itself by considered a “person” or “group” for purposes of clause (i) or (ii) above. 

“Existing Stockholders” means any of (a) the Company, ValueAct Capital Master Fund, L.P., ValueAct Capital Partners, L.P.,
ValueAct Capital Partners II, L.P., ValueAct Capital International, Ltd. and its successor ValueAct Capital International I, L.P., ValueAct Capital International II, L.P., VA Partners, LLC, ValueAct Capital Management, LLC or any of their respective
Affiliates (collectively, the “ValueAct Entities”), (b) any present or former managing director, director, general partner, member, limited partner, officer, stockholder or employee of any ValueAct Entity, (c) any present or
former officers and directors of the Company, and (d) any (x) spouse, lineal descendant (in each case, natural or adopted), siblings, or ancestors of any Person, who is an individual, in clause (b) and (c) above, and (y) any
estate or trust, the beneficiaries of which, or corporation, partnership, limited liability corporation or other entity, the stockholders, partners, members, owners or Persons holding a controlling interest of which, consist of one or more Persons
referred to in the immediately preceding clause (x). 
 “Voting Stock” with respect to any Person, means securities of
any class of equity interests of such Person entitling the holders thereof (whether at all times or for only so long as no senior class of stock or other relevant equity interest has voting power by reason of any contingency) to vote in the election
of members of the Board of Directors of such Person. 
 4. Participant’s Representations. Participant hereby
represents and warrants to the Company that (i) the execution, delivery and performance of this Agreement by Participant does 

 

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not and will not conflict with, breach, violate or cause a default under any contract, agreement, instrument, order, judgment or decree to which Participant is a party or by which Participant is
bound, (ii) Participant is not a party to or bound by any employment agreement, non-compete agreement or confidentiality agreement with any other person or entity (other than the Company and/or one of its Subsidiaries) and (iii) upon the
execution and delivery of this Agreement by the Company, this Agreement shall be the valid and binding obligation of Participant, enforceable in accordance with its terms. Participant hereby acknowledges and represents that Participant has consulted
with (or has had an opportunity to consult with) independent legal counsel regarding Participant’s rights and obligations under this Agreement (including, without limitation, the Plan) and that Participant fully understands the terms and
conditions contained herein and therein. 
 5. Repurchase Rights. If a Participant is no longer employed by the Company
or its Subsidiaries for any reason, the Option and any Common Stock acquired by exercise thereof (whether held by such Participant or one or more transferees, other than the Company or Investor) will be subject to repurchase in accordance with the
terms of the Securities Holders Agreement. 
 6. Rights of Participants. Nothing in this Agreement shall interfere with
or limit in any way the right of the Company to terminate Participant’s employment at any time (with or without Cause), nor confer upon Participant any right to continue in the employ of the Company for any period of time or to continue
Participant’s present (or any other) rate of compensation, and in the event of Participant’s termination of employment (including, but not limited to, termination by the Company without Cause), any portion of Participant’s Option that
was not previously vested and exercisable shall expire and be forfeited, except as otherwise provided herein or in an employment agreement between the Participant and the Company. Nothing in this Agreement shall confer upon Participant any right to
be selected again as a Plan participant, and nothing in the Plan or this Agreement shall provide for any adjustment to the number of shares of Common Stock subject to Participant’s Option upon the occurrence of subsequent events except as
provided in Section 8 below. 
 7. Withholding of Taxes. The Company shall be entitled, if necessary or desirable,
to withhold in cash or shares of Common Stock from Participant from any amounts due and payable by the Company to Participant (or secure payment from Participant in lieu of withholding) the amount of any withholding or other tax due from the Company
with respect to any Common Stock issuable under this Agreement, and the Company may postpone such issuance unless indemnified by Participant to its satisfaction. 

8. Adjustments. In the event of a reorganization, recapitalization, stock dividend or stock split, or combination or other change
in the shares of Common Stock, the Board shall make such adjustments in the number and type of shares authorized by the Plan, the number and type of shares covered by Participant’s Option and the Per Share Exercise Price specified herein as may
be determined to be appropriate and equitable, in order to prevent the dilution or enlargement of rights under Participant’s Option. 

9. Notices. Any notices required or permitted under this Agreement or the Plan will be delivered in accordance with the
requirements of the Plan. 
  

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 10. General Provisions. 

(a) Transfers in Violation of Agreement. Any pledge, assignment, transfer or attempted transfer of any portion of
the Option or Common Stock acquired or acquirable with respect thereto in violation of any provision of this Agreement, the Plan or the Securities Holders Agreement shall be shall be null and void and of no force and effect, and the purported
transferee shall have no rights or privileges in or with respect to the Company. 
 (b) Severability.
Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under
any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or any other jurisdiction, but this Agreement shall be reformed, construed and enforced in such jurisdiction as if
such invalid, illegal or unenforceable provision had never been contained herein. 
 (c) Complete
Agreement. This Agreement and the Plan and the other documents expressly referred to herein and therein embody the complete agreement and understanding among the parties and supersede and preempt any prior understandings, agreements or
representations by or among the parties, written or oral, which may have related to the subject matter hereof in anyway. 

(d) Counterparts. This Agreement may be executed in separate counterparts, each of which is deemed to be an
original and all of which taken together constitute one and the same agreement. 
 (e) Successors and
Assigns. Except as otherwise provided herein, this Agreement shall bind and inure to the benefit of and be enforceable by the Participant, the Company, Investor and their respective successors and assigns (including subsequent holders of Common
Stock issued in respect of the Option); provided, that the rights and obligations of the Participant under this Agreement shall not be assignable except in connection with a permitted transfer in accordance with this Agreement and the Securities
Holders Agreement. 
 (f) Choice of Law. This Agreement shall be construed, interpreted and the rights of
the parties determined in accordance with the laws of the State of Delaware (without reference to any choice of law rules that would require the application of the laws of any other jurisdiction). 

(g) Amendment and Waiver. The provisions of this Agreement may be amended and waived only with the prior written
consent of the Company, the Participant and Investor. 
 11. Third-Party Beneficiaries. Certain provisions of this
Agreement are entered into for the benefit of and shall be enforceable by Investor as provided herein. 
  

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 12. Business Days. If any time period for giving notice or taking action hereunder
expires on a day which is a Saturday, Sunday or legal holiday in the state in which the Company’s principal office is located, the time period shall be automatically extended to the business day immediately following such Saturday, Sunday or
holiday. 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above. 

 

			
	SEITEL HOLDINGS, INC.
		
	By:	 	  

	Name:	 	Gregory P. Spivy
	Title:	 	Vice President
	
	PARTICIPANT
		
	By	 	  

	Name:	 	

  

 7Amended and Restated Administrative Services Agreement

 Exhibit 10.1 

Execution Version 

AMENDED AND RESTATED 

ADMINISTRATIVE SERVICES AGREEMENT 

by and among 

ALLIANCE RESOURCE PARTNERS, L.P. 

ALLIANCE RESOURCE MANAGEMENT GP, LLC 

ALLIANCE RESOURCE OPERATING PARTNERS, L.P. 

ALLIANCE HOLDINGS GP, L.P. 

ALLIANCE GP, LLC 

and 

ALLIANCE RESOURCE HOLDINGS II, INC. 

(Effective January 1, 2010) 

 TABLE OF CONTENTS 

ARTICLE 1: DEFINITIONS 
  

					
	 1.1
	  	 Definitions
	  	1
	 1.2
	  	 Construction
	  	1
	
	ARTICLE 2: SERVICES
			
	 2.1
	  	 Services
	  	2
	 2.2
	  	 Provision of Insurance
	  	2
	 2.3
	  	 Payment for Services
	  	2
	 2.4
	  	 Invoices
	  	3
	 2.5
	  	 Annual Reallocation
	  	3
	 2.6
	  	 Disputes
	  	3
	 2.7
	  	 Representations Regarding Use of Services
	  	4
	 2.8
	  	 Warranties; Limitation of Liability
	  	4
	 2.9
	  	 Force Majeure
	  	4
	 2.10
	  	 Affiliates
	  	4
	
	ARTICLE 3: OTHER AGREEMENTS
			
	 3.1
	  	 Adoption of Policies and Procedures
	  	4
	
	ARTICLE 4: MISCELLANEOUS
			
	 4.1
	  	 Choice of Law; Submission to Jurisdiction
	  	5
	 4.2
	  	 Termination
	  	5
	 4.3
	  	 Notices
	  	5
	 4.4
	  	 Entire Agreement; Supersedure
	  	5
	 4.5
	  	 Effect of Waiver of Consent
	  	5
	 4.6
	  	 Amendment or Modification
	  	5
	 4.7
	  	 Assignment
	  	5
	 4.8
	  	 Counterparts
	  	6
	 4.9
	  	 Severability
	  	6
	 4.10
	  	 Further Assurances
	  	6
	 4.11
	  	 Withholding or Granting of Consent
	  	6
	 4.12
	  	 U.S. Currency
	  	6
	 4.13
	  	 Laws and Regulations
	  	6
	 4.14
	  	 Negation of Rights of Third Parties
	  	6

  

			
	 Exhibit A
	  	 Defined Terms

	 Exhibit B
	  	 Conflicts Policies and Procedures

	 Annex A
	  	 Personnel Allocation

  

 i 

 AMENDED AND RESTATED 

ADMINISTRATIVE SERVICES AGREEMENT 

THIS AMENDED AND RESTATED ADMINISTRATIVE SERVICES AGREEMENT (this “Agreement”) is made effective the
1st day of January 2010 (the “Effective
Date”) by and among Alliance Resource Partners, L.P., a Delaware limited partnership (“ARLP”), Alliance Resource Management GP, LLC, a Delaware limited liability company and the managing general partner of ARLP
(“MGP”), Alliance Resource Operating Partners, L.P., a Delaware limited partnership (“OLP”), Alliance Holdings GP, L.P., a Delaware limited partnership (“AHGP”), Alliance GP, LLC, a Delaware limited
liability company and the general partner of AHGP (“AGP”), and Alliance Resource Holdings II, Inc. (“ARH II”). 

R E C I T A L S 

The Parties hereto desire, by their execution of this Agreement, to evidence the terms and conditions upon which ARLP will provide
certain services to the AHGP Entities and the ARH II Entities. This Agreement supersedes in all respects the Administrative Services Agreement entered into by the Parties effective May 15, 2006. 

A G R E E M E N T S 

NOW, THEREFORE, in consideration of the premises and the covenants, conditions, and agreements contained herein, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto hereby agree as follows: 

ARTICLE 1: DEFINITIONS 

1.1 Definitions. The definitions listed on Exhibit A shall be for all purposes, unless otherwise clearly indicated to the
contrary, applied to the terms used in this Agreement. 
 1.2 Construction. Unless the context requires otherwise:
(a) any pronoun used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural and vice versa; (b) references to Articles and Sections
refer to Articles and Sections of this Agreement; (c) the terms “include”, “includes”, “including” or words of like import shall be deemed to be followed by the words “without limitation”; and
(d) the terms “hereof”, “herein” or “hereunder” refer to this Agreement as a whole and not to any particular provision of this Agreement. The table of contents and headings contained in this Agreement are for
reference purposes only, and shall not affect in any way the meaning or interpretation of this Agreement. 
  

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 ARTICLE 2: SERVICES 

2.1 Services. Beginning on the Effective Date, subject to the terms of this Article 2 and in exchange for the payment described in
Section 2.3, ARLP hereby agrees to provide each of the AHGP Entities and the ARH II Entities with such general administrative and management services, including but not limited to human resources, information technology, financial and
accounting services, legal services and other services (the “Services”) as may be necessary to manage the business of the AHGP Entities and the ARH II Entities, as applicable, in accordance with the Services Standard; it being
understood and agreed by the Parties that in connection with the provision of such Services, ARLP shall employ or otherwise retain such personnel as may be necessary to provide the Services. The names of such personnel are set forth on Annex
A hereto and will be updated on or about December 1 of each year in accordance with the procedures set forth in Section 2.5. 

2.2 Provision of Insurance. ARLP hereby agrees to cause each of the ARLP Entities, the AHGP Entities and the ARH II Entities to be
named as additional insureds in ARLP’s insurance program, as in effect from time to time. Each of the ARLP Entities, the AHGP Entities and the ARH II Entities, as applicable, shall be allocated, and pay for, such insurance coverage in an amount
equal to ARLP’s cost of insuring the assets and operations of such partnership entities. 
 2.3 Payment for
Services. (a) As remuneration for the provision to each of the AHGP Entities and the ARH II Entities of the Services, ARLP shall be entitled to receive, and the AHGP Entities and the ARH II Entities, as applicable, agree to pay to ARLP, an
amount equal to the percentage of each employee’s compensation allocable to each of the AHGP Entities and the ARH II Entities as the same are set forth on Annex A hereto. In addition, each of the AHGP Entities and the ARH II Entities
shall pay all sales, use, excise, value added or similar taxes, if any, that may be applicable from time to time in respect of the Services provided to such entities by ARLP. The aggregate amount payable by the AHGP Entities or the ARH II Entities
to ARLP pursuant to this Section 2.3(a) with respect to a given period of time shall be referred to herein as the “Administrative Services Fee.” It is the intention of the Parties that the Administrative Services Fee represents
fair and reasonable compensation to ARLP for the AHGP Entities’ or the ARH II Entities’, as applicable, allocable share of the base salaries, employer costs for employee benefits, bonuses paid and provided to such personnel by ARLP, or any
of its Affiliates. The amount of the Administrative Services Fee shall not be adjusted except in accordance with Section 2.5, notwithstanding any change in personnel or the Services provided to any of the AHGP Entities or the ARH II Entities,
respectively. 
 (b) In addition, the AHGP Entities and ARH II Entities shall pay ARLP an aggregate annual amount
of $75,000 ($18,750 per quarter) for certain shared fixed costs including, but not limited to, office lease, telephone and office equipment leases (the “Fixed Charges Fee”). It is the intention of the Parties that the Fixed Charges
Fee represents fair and reasonable remuneration to ARLP for the AHGP Entities’ and the ARH II Entities’ use of the facilities and equipment of ARLP and its Affiliates. The AHGP Entities and the ARH II Entities shall each pay to ARLP their
respective pro rata portion of the Fixed Charges Fee based on the relative allocation of employee compensation as set forth on Annex A hereto to the AHGP Entities, on one hand and the ARH II Entities on the other hand. The amount of the Fixed
Charges Fee shall not be adjusted except in accordance with Section 2.5. 
  

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 2.4 Invoices. ARLP shall invoice the applicable Billing Agent on or before ten days
following the end of each fiscal quarter for the Administrative Services Fee and the Fixed Charges Fee for such quarter. All invoices shall be due and payable on the 45th day following the end of each fiscal quarter. 

2.5 Annual Reallocation. On or about December 1 of each year, ARLP or its Affiliate shall submit for approval a revised
Annex A (the “Proposed Annex A”) and a new estimate of the Fixed Charges Fee (the “Proposed Fixed Charges Fee”) to the board of directors of each of MGP, AGP and ARH II. The Proposed Annex A will reflect any
changes in personnel of ARLP or its Affiliates who are performing the Services, changes in each such employee’s compensation and ARLP’s good faith estimate of the time each such employee will spend performing Services on behalf of each of
the AHGP Entities and the ARH II Entities, respectively, taking into account prior performance and future expectations; provided, however, with respect to Services performed on behalf of the ARH II Entities, no time shall be allocated for an
employee performing such Services unless having such employee available to perform such Services results in an incremental cost to ARLP. The Proposed Fixed Charges Fee shall reflect ARLP’s good faith estimate of the amount of fixed costs
allocable to the AHGP Entities and the ARH II Entities. Once approved by the board of directors of each of MGP, AGP and ARH II, or pursuant to the provisions of Section 2.6, the Proposed Annex A and the Proposed Fixed Charges Fee shall become
part of this Agreement and replace the existing Annex A and the Fixed Charges Fee until such time as a new Proposed Annex A and the Proposed Fixed Charges Fee is approved in accordance with the provisions of this Section 2.5 or
Section 2.6. 
 In addition, ARLP or its Affiliate shall prepare a schedule detailing the variance between the estimated
allocation of time spent by its personnel on behalf of each of the AHGP Entities and the ARH II Entities in the past fiscal year (the “Adjusted Administrative Services Fee”) and submit such schedule for approval to the board of
directors of each of MGP, AGP and ARH II. Upon approval by the board of directors of each of MGP, AGP and ARH II, or pursuant to the provisions of Section 2.6, the difference between the Administrative Services Fee paid and the Adjusted
Administrative Services Fee shall be paid by or reimbursed to each Entity within 60 days of the fiscal year end. 
 2.6
Disputes. Should there be a dispute over the nature or quality of the Services, the calculation and allocation of the Administrative Services Fee in connection with a Proposed Annex A the allocation of fixed charge in connection with the Fixed
Charges Fee or the Adjusted Administrative Services Fee, ARLP and the applicable Entities shall first attempt to resolve such dispute, acting diligently and in good faith, using the past practices of such Parties and documentary evidence of costs as
guidelines for such resolution. If ARLP and the applicable Entities are unable to resolve any such dispute within thirty days, or such additional time as may be reasonable under the circumstances, the dispute shall be referred to the applicable
Conflicts Committees (or in the case of ARH II, to its board of directors) for resolution. The Parties agree that the applicable Conflicts Committees and the board of directors of ARH II shall have the authority to settle any such dispute, in their
sole discretion, recognizing that it is the intent of all Parties that all shared expenses, services and the fixed costs, as applicable, be allocated among 

 

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the ARLP Entities, the AHGP Entities or the ARH II Entities, as applicable, on a fair and reasonable basis. If, following good faith negotiation, the applicable Conflicts Committee and/or the
board of directors of ARH II cannot resolve any dispute, ARLP shall have the right, but not the obligation, to withhold the provision of any Services until such time as the Entities resolve the dispute. 

2.7 Representations Regarding Use of Services. Each of the AHGP Entities and the ARH II Entities represent and agree that it will
use the Services only in accordance with all applicable federal, state and local laws and regulations, and in accordance with the reasonable conditions, rules, regulations, and specifications that may be set forth in any manuals, materials,
documents, or instructions furnished from time to time by ARLP or its Affiliate to such entities. ARLP reserves the right to take all actions, including, without limitation, termination of any portion of the Services, that it reasonably believes is
required to assure compliance with applicable laws and regulations. 
 2.8 Warranties; Limitation of Liability. The
Services shall be provided in accordance with the Services Standard. EXCEPT AS SET FORTH IN THE PRECEDING SENTENCE, ARLP MAKES NO (AND HEREBY DISCLAIMS AND NEGATES ANY AND ALL) WARRANTIES OR REPRESENTATIONS WHATSOEVER, EXPRESS OR IMPLIED, WITH
RESPECT TO THE SERVICES. IN NO EVENT SHALL ARLP OR ANY OF ITS AFFILIATES BE LIABLE TO ANY OF THE PERSONS RECEIVING ANY SERVICES OR TO ANY OTHER PERSON FOR ANY EXEMPLARY, PUNITIVE, INDIRECT, INCIDENTAL, CONSEQUENTIAL, OR SPECIAL DAMAGES RESULTING
FROM ANY ERROR IN THE PERFORMANCE OF SUCH SERVICE, REGARDLESS OF WHETHER THE PERSON PROVIDING SUCH SERVICE, ITS AFFILIATES, OR OTHERS MAY BE WHOLLY, CONCURRENTLY, PARTIALLY, OR SOLELY NEGLIGENT OR OTHERWISE AT FAULT, EXCEPT TO THE EXTENT SUCH
EXEMPLARY, PUNITIVE, INDIRECT, INCIDENTAL, CONSEQUENTIAL OR SPECIAL DAMAGES ARE PAID BY THE PARTY INCURRING SUCH DAMAGES TO A THIRD PARTY. 

2.9 Force Majeure. ARLP shall have no obligation to perform the Services if its failure to do so is caused by or results from any
act of God, governmental action, natural disaster, strike, failure of essential equipment, or any other cause or circumstance, whether similar or dissimilar to the foregoing causes or circumstances, beyond the reasonable control of ARLP. 

2.10 Affiliates. At its election, ARLP may cause one or more of its Affiliates or third party contractors reasonably acceptable to
the Party receiving any Services to provide such Services; provided, however, ARLP shall remain responsible for the provision of such Services in accordance with this Agreement. 

ARTICLE 3: OTHER AGREEMENTS 

3.1 Adoption of Policies and Procedures. The Boards of Directors of MGP, AGP and ARH II have adopted the policies and procedures
attached hereto as Exhibit B to govern their relationship with respect to this Agreement. 
  

 4 

 ARTICLE 4: MISCELLANEOUS 

4.1 Choice of Law; Submission to Jurisdiction. This Agreement shall be subject to and governed by the laws of the State of
Delaware. 
 4.2 Termination. Any party hereto may terminate this Agreement by providing written notice to the other
Parties of its intention to terminate this Agreement, which notice must be provided at least 90 days prior to such termination. ARLP may terminate this Agreement by providing 30 days’ prior written notice to any of the AHGP Entities and the ARH
II Entities at any time during which a Payment Default has occurred and is continuing for a period of more than 30 days. 

4.3 Notices. All notices or requests or consents provided for or permitted to be given pursuant to this Agreement must be in
writing and must be given by depositing same in the United States mail, addressed to the Party to be notified, postpaid, and registered or certified with return receipt requested or by delivering such notice in person, by facsimile or electronic
mail to such Party. Notice given by personal delivery or mail shall be effective upon actual receipt. Notice given by facsimile or by electronic mail shall be effective upon actual receipt if received during the recipient’s normal business
hours, or at the beginning of the recipient’s next business day after receipt if not received during the recipient’s normal business hours. All notices to be sent to a Party pursuant to this Agreement shall be sent to or made at the
address set forth below such Party’s signature to this Agreement, or at such other address as such Party may stipulate to the other Parties in the manner provided in this Section 4.3. 

4.4 Entire Agreement; Supersedure. This Agreement constitutes the entire agreement of the Parties relating to the matters
contained herein, superseding all prior contracts or agreements, whether oral or written, relating to the matters contained herein. 

4.5 Effect of Waiver of Consent. No Party’s express or implied waiver of, or consent to, any breach or default by any Party
in the performance by such Party of its obligations hereunder shall be deemed or construed to be a consent or waiver to or of any other breach or default in the performance by such Party of the same or any other obligations of such Party hereunder.
Failure on the part of a Party to complain of any act of any Party or to declare any Party in default, irrespective of how long such failure continues, shall not constitute a waiver by such Party of its rights hereunder until the applicable statute
of limitations period has run. 
 4.6 Amendment or Modification. This Agreement may be amended or modified from time to
time only by the agreement of all the Parties affected by any such amendment; provided, however, that ARLP and AHGP may not, without the prior approval of its respective Conflicts Committee, agree to any amendment or modification of this
Agreement that, in the reasonable discretion of the MGP or AGP, as applicable, will materially and adversely affect the holders of units of ARLP or AHGP, as applicable. 

4.7 Assignment. No Party shall have the right to assign its rights or obligations under this Agreement without the consent of the
other Parties. 
  

 5 

 4.8 Counterparts. This Agreement may be executed in any number of counterparts with
the same effect as if all Parties had signed the same document. All counterparts shall be construed together and shall constitute one and the same instrument. 

4.9 Severability. If any provision of this Agreement or the application thereof to any Party or circumstance shall be held invalid
or unenforceable to any extent, the remainder of this Agreement and the application of such provision to other Parties or circumstances shall not be affected thereby and shall be enforced to the greatest extent permitted by law. 

4.10 Further Assurances. In connection with this Agreement and all transactions contemplated by this Agreement, each Party hereto
agrees to execute and deliver such additional documents and instruments and to perform such additional acts as may be necessary or appropriate to effectuate, carry out and perform all of the terms, provisions and conditions of this Agreement and all
such transactions. 
 4.11 Withholding or Granting of Consent. Unless the consent or approval of a Party is expressly
required not to be unreasonably withheld (or words to similar effect), each Party may, with respect to any consent or approval that it is entitled to grant pursuant to this Agreement, grant or withhold such consent or approval in its sole and
uncontrolled discretion, with or without cause, and subject to such conditions as it shall deem appropriate. 
 4.12 U.S.
Currency. All sums and amounts payable or to be payable pursuant to the provisions of this Agreement shall be payable in coin or currency of the United States of America that, at the time of payment, is legal tender for the payment of public and
private debts in the United States of America. 
 4.13 Laws and Regulations. Notwithstanding any provision of this
Agreement to the contrary, no Party hereto shall be required to take any act, or fail to take any act, under this Agreement if the effect thereof would be to cause such Party to be in violation of any applicable law, statute, rule or regulation.

 4.14 Negation of Rights of Third Parties. The provisions of this Agreement are enforceable solely by the Parties, and
no Limited Partner or other Person shall have the right to enforce any provision of this Agreement or to compel any Party to comply with the terms of this Agreement. 

 

 6 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed by their
respective authorized officers as of January 1, 2010. 
  

			
	ALLIANCE RESOURCE PARTNERS, L.P.
	
	ALLIANCE RESOURCE MANAGEMENT GP, LLC
	 Individually and as Managing General Partner

of Alliance Resource Partners, L.P.

		
	By:	 	/s/ R. Eberley Davis
	Name:	 	R. Eberley Davis
	Title:	 	Senior Vice President, General Counsel and Secretary
	
	Address for Notice:
	1717 South Boulder Avenue
	Tulsa, Oklahoma 74119
	Facsimile No.: (918) 295-1415
	
	ALLIANCE RESOURCE OPERATING PARTNERS L.P.
	
	ALLIANCE RESOURCE MANAGEMENT GP, LLC
	 Individually and as Managing General Partner

of Alliance Resource Partners, L.P.

		
	By:	 	/s/ R. Eberley Davis
	Name:	 	R. Eberley Davis
	Title:	 	Senior Vice President, General Counsel and Secretary
	
	Address for Notice:
	1717 South Boulder Avenue
	Tulsa, Oklahoma 74119
	Facsimile No.: (918) 295-1415

  

 Signature Page to Administrative Services Agreement 

			
	ALLIANCE HOLDINGS GP, L.P.
	
	ALLIANCE GP, LLC
	 Individually and as General Partner of Alliance Holdings GP, L.P.

		
	By:	 	/s/ R. Eberley Davis
	Name:	 	R. Eberley Davis
	Title:	 	Senior Vice President, General Counsel and Secretary
	
	Address for Notice:
	1717 South Boulder Avenue
	Tulsa, Oklahoma 74119
	Facsimile No.: (918) 295-1415
	
	ALLIANCE RESOURCE HOLDINGS II, INC.
		
	By:	 	/s/ R. Eberley Davis
	Name:	 	R. Eberley Davis
	Title:	 	Senior Vice President, General Counsel and Secretary
	
	Address for Notice:
	1717 South Boulder Avenue
	Tulsa, Oklahoma 74119
	Facsimile No.: (918) 295-1415

Signature Page to Administrative Services Agreement 

 Exhibit A 

DEFINED TERMS 

“Adjusted Administrative Services Fee” shall have the meaning set forth in Section 2.5. 

“Administrative Services Fee” shall have the meaning set forth in Section 2.3(a). 

“Affiliate” shall mean, with respect to any Person, any other Person that directly or indirectly through one or
more intermediaries controls, is controlled by or is under common control with, the Person in question. As used herein, the term “control” means the possession, direct or indirect, of the power to direct or cause the direction of the
management and policies of a Person, whether through ownership of voting securities, by contract or otherwise. Notwithstanding the foregoing, a Person shall only be considered an “Affiliate” of the general partner of ARLP or AHGP, as
applicable, if such Person owns, directly or indirectly, 50% or more of the voting securities of such general partner or otherwise possesses the sole power to direct or cause the direction of the management and policies of such general partner;
provided however, that for purposes of this Agreement none of the ARLP Entities, or the ARH II Entities, as applicable, shall be deemed to be Affiliates of AGP. 

“Agreement” shall mean this Administrative Services Agreement, as it may be amended, modified, or supplemented from time
to time. 
 “Billing Agent” shall mean ARH II, and in the case of ARLP, MGP, and in the case of AHGP, AGP.

 “AHGP” shall have the meaning set forth in the introductory paragraph of this Agreement. 

“AHGP Entities” shall mean AHGP and AGP and any Affiliate controlled (and only so long as such Affiliates are
controlled) by AHGP or AGP (as the term “control” is used in the definition of “Affiliate”) but excluding the ARLP Entities. 

“AGP” shall have the meaning set forth in the introductory paragraph of this Agreement. 

“ARH II” shall have the meaning set forth in the introductory paragraph of this Agreement. 

“ARH II Entities” shall mean ARH II and any Affiliate controlled (and only so long as such Affiliates are controlled) by
ARH II (as the term “control” is used in the definition of “Affiliate”) but excluding the ARLP Entities and the AHGP Entities. 

“ARLP” shall have the meaning set forth in the introductory paragraph of this Agreement. 

“ARLP Entities” shall mean ARLP, MGP, OLP, Alliance Resource GP, LLC and any Affiliate controlled (and only so long as
such Affiliates are controlled) by ARLP, MGP, OLP, Alliance Resource GP, LLC (as the term “control” is used in the definition of “Affiliate”). 

 

 A-1 

 “Conflicts Committee” when used in reference to ARLP or an ARLP Entity,
shall have the meaning set forth in the partnership agreement of ARLP and when used in reference to AHGP or an AHGP Entity, shall have the meaning set forth in the partnership agreement of AHGP. 

“Effective Date” shall have the meaning set forth in the introductory paragraph of this Agreement. 

“Entities” shall mean the ARLP Entities, the AHGP Entities and the ARH II Entities. 

“Fixed Charges Fee” shall have the meaning set forth in Section 2.3(b). 

“MGP” shall have the meaning set forth in the introductory paragraph of this Agreement. 

“OLP” shall have the meaning set forth in the introductory paragraph of this Agreement. 

“Party” shall mean any one of the Persons that executes this Agreement. 

“Payment Default” shall mean the failure of an Entity to pay the invoices described in Section 2.4 on or before the
45th day following the end of each fiscal quarter 
 “Person” means an individual or a corporation, limited
liability company, partnership, joint venture, trust, unincorporated organization, association, government agency or political subdivision thereof or other entity. 

“Proposed Annex A” shall have the meaning set forth in Section 2.5. 

“Proposed Fixed Charges Fee” shall have the meaning set forth in Section 2.5. 

“Services” shall have the meaning set forth in Section 2.1. 

“Services Standard” shall mean, with respect to the performance of the Services, the good faith undertaking, on a
commercially reasonable basis, to perform the Services in all material respects in compliance with applicable laws and prudent industry practices. 
  

 A-2 

 Exhibit B 

CONFLICTS POLICIES AND PROCEDURES 

Capitalized terms used but not defined in this Exhibit B shall have the meanings assigned to such terms in that certain
Administrative Services Agreement, effective February     , 2010, of which this Exhibit B forms a part. 

This Exhibit B outlines the corporate governance structure and the policies and procedures that have been adopted by the
boards of directors of AGP, MGP and ARH II to address potential conflicts among, protect the confidential information of, and govern the sharing of ARLP personnel among, the Entities. 

Shared Services 

Employees of ARLP or its Affiliates may be assigned to perform Shared Services for all or any of the AHGP Entities and the ARH II
Entities. Employees of ARLP or its Affiliates performing Shared Services may be appointed to officer positions (including executive officer positions) at each of MGP, AGP and ARH II or their respective controlled Affiliates. As a result of their
performance of Shared Services, Shared Employees may obtain Commercial Information that relates to more than one of the groups of Entities. To the extent that any Shared Employee has Commercial Information that relates to any two or more of the ARLP
Entities, the AHGP Entities and the ARH II Entities, such Shared Employee shall not engage in any activities to which such Commercial Information relates unless such activities are approved by the Screening Officer of each respective Entity.

 Information Screening for Shared Employees 

To the fullest extent possible, Shared Employees should avoid access to Commercial Information for any Entities for which they do not
perform Commercial and Development Activities. To the extent that any Shared Employee who engages in Commercial and Development Activities becomes privy to Commercial Information of any Entities for which such employee does not perform Commercial
and Development Activities, such Shared Employee must report that fact and the nature of the Confidential Information to the Screening Officers who will maintain a record of the name of the person, the date of the report, and the nature of the
Commercial Information obtained by the Shared Employee. 
 Except as expressly permitted by the Screening Officers and to the
extent required to effectively perform the Shared Services, (i) Shared Employees shall not disclose Commercial Information of the ARLP Entities to any director, officer or employee associated with the AHGP Entities or ARH II Entities;
(ii) Shared Employees shall not disclose Commercial Information of the AHGP Entities to any director, officer or employee associated with the ARLP Entities or ARH II Entities and (iii) Shared Employees shall not disclose Commercial
Information of the ARH II Entities to any director, officer or employee associated with the ARLP Entities or AHGP Entities. 

Shared Employees should seek guidance on the foregoing restrictions from the Screening Officers to the extent that they are uncertain as
to an appropriate course of action. 
  

 B-1 

 Definitions 

For purposes of these policies and procedures, capitalized terms used but not defined above shall have the following meanings: 

“Commercial and Development Activities” shall mean operations of the Entities relating to sales, marketing, or other
services provided to customers; operation of or proposed changes to, such Entities’ assets; and the plans and strategies dealing with the business of such Entities. 

“Commercial Information” shall mean information about Commercial and Development Activities or other competitively
sensitive information of any Entities. Commercial Information includes information regarding prices, costs, margins, volumes and contractual terms for any particular customer; any method, tool or computer program used to determine prices for any
asset; all plans or strategies used or adopted to negotiate, target or identify a particular customer for any asset; all information regarding plans and prospective budgets to expand or build a new facility; all information regarding a proposal to
buy an existing facility; and capacity and capacity utilization of any facility. 
 “Independent Director”
shall mean an individual director who meets the independence, qualification and experience requirements established by the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Securities and Exchange Commission
thereunder and by the Nasdaq National Market. 
 “Screening Officer” shall mean the chief legal officer or
general counsel for each of ARH II, AGP and MGP. 
 “Shared Employees” shall mean employees of ARLP or its
Affiliates providing Shared Services. 
 “Shared Services” shall mean services provided by employees of ARLP or
its Affiliates to more than one of the groups of Entities comprising the ARLP Entities, the AHGP Entities and the ARH II Entities and such services shall include, but not be limited to, human resources, information technology, financial and
accounting services, legal services and such other services that do not involve Commercial and Development Activities. 
  

 B-2 

 ANNEX A 

PERSONNEL ALLOCATION 
  

							
	 	  	 	  	Percentage of Total
Compensation Allocable to
	 Employee Name
	  	Total Compensation	  	AHGP	  	ARH II

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