Document:

bea_ex102.htm

EXHIBIT 10.2

 

ASSET PURCHASE AGREEMENT

 

THIS AGREEMENT dated for reference February 6, 2017 is made

 

BETWEEN:

 

BEARING RESOURCES LTD., a company incorporated under the laws of the Province of British Columbia, having an office at Suite 1400 – 1111 West Georgia Street, Vancouver, British Columbia V6E 4M3

 

(“Bearing”)

 

AND:

 

OCTAGON HOLDINGS CORP., a company incorporated under the laws of the Nevada, having an office at 3064 Silver Sage Dr. Suite 150, Carson City, Nevada 89701

 

(the “Vendor”)

 

WHEREAS:

 

A. The Vendor is the legal and beneficial owner of a 100% interest in eighty one (81) lode claims located in Esmeralda County, Nevada, as more particularly described in Schedule “A” hereto(together, the “Fish Lake Claims”).

 

B. The Vendor wishes to sell, and Bearing wishes to purchase, a 100% interest in and to the Fish Lake Claims.

 

NOW THEREFORE THE PARTIES TO THIS AGREEMENT covenant and agree with each other as follows:

 

1. Interpretation

 

1.1 For the purposes of this Agreement, the following terms have the following meanings:

 

(a) “Closing” means the closing of the sale and purchase of the Fish Lake Claims and “Closing Date” means the day on which Closing occurs;

 

(b) “Encumbrance” means any mortgage, lien, pledge, charge, encumbrance, royalty, hypothecation, assignment, license, option or right to acquire or any other third person claim or security interest of any nature, regardless of the form, whether or not negotiated or registrable and whether or not consensual or arising by law (statutory or otherwise);

 

(c) “Bearing” means Bearing Finance Corp., a company incorporated under the laws of the Province of British Columbia;

 
	 
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(d) “Bearing Shares” means common shares in the authorized share structure of Bearing;

 

(e) “Fish Lake Claims” means the eighty one (81) lode claims located in Esmeralda County, Nevada, as more particularly described in Schedule “A” hereto;

 

(f) “Governmental Entity” means any

 

(i) multinational, federal, provincial, state, regional, municipal, local or other government, governmental or public department, central bank or tribunal;

 

(ii) subdivision, agent, commission, board, or authority of any of the foregoing; or

 

(iii) quasi-governmental or private body exercising any regulatory, expropriation or taxing authority under or for the account of any of the foregoing;

 

(g) “Market Price” means, for the purposes of this Agreement, the five day volume weighted average trading price of the common shares of Bearing on the TSX Venture Exchange on the date this Agreement is announced;

 

(h) “Person” includes any individual, firm, partnership, joint venture, venture capital fund, association, trust, trustee, executor, administrator, legal personal representative, estate, group, body corporate, corporation, company, unincorporated association or organization, Governmental Entity, syndicate or other entity, whether or not having legal status;

 

(i) “Purchase Price” has the meaning set out in Section3; and

 

(j) “Vendor” means Octagon Holdings Corp., a company incorporated under the laws of the Nevada.

 

2. Purchase and Sale of Interest in Fish Lake Claims

 

Subject to the satisfaction or waiver of the conditions contained in Section 6 of this Agreement, the Vendor hereby agrees to sell and assign to Bearing and Bearing hereby agrees to purchase all of the right, title and interest in and to the Fish Lake Claims held by the Vendor, and all benefits to be derived therefrom in consideration of the Purchase Price Shares (as defined in Section 3 herein).

 

3. Payment

 

3.1 As payment for the Fish Lake Claims, Bearing shall:

 

(a) on the Closing Date, issue 1,400,000 Bearing Shares (the “Purchase Price Shares”) to the Vendor; and

 
	 
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(b) on the Closing Date, pay the Vendor US$60,000.

 

3.2 The price of each Purchase Price Share shall be equal to the Market Price.

 

4. Resale Restrictions on Purchase Price Shares

 

The Vendor acknowledges that the Purchase Price Shares to be issued by Bearingas payment for the Fish Lake Claims will be subject to resale restrictions pursuant to applicable securities laws.

 

5. Representations, Warranties and Covenants

 

5.1 Bearing hereby represents and warrants to the Vendor that:

 

(a) it is duly incorporated and organised and validly existing under the laws of its jurisdiction of incorporation;

 

(b) it has full corporate power, authority and capacity to enter into this Agreement and to carry out its obligations under this Agreement;

 

(c) it has been duly authorized to enter into, and to carry out its obligations under, this Agreement and no obligation of it in this Agreement conflicts with or will result in the breach of any term in:

 

(i) its articles or by-laws; or

 

(ii) any other agreement to which it is a party;

 

(d) upon their issuance, the Purchase Price Shares will be validly issued and outstanding, fully paid and non-assessable common shares in the capital of Bearing registered as directed by the Vendor; and

 

(e) it has duly executed and delivered this Agreement, which binds it in accordance with its terms.

 

5.2 The Vendor hereby represents and warrants to Bearing that:

 

(a) it is duly incorporated and organised and validly existing under the laws of its jurisdiction of incorporation;

 

(b) it has full corporate power, authority and capacity to enter into this Agreement and to carry out its obligations under this Agreement;

 

(c) it has been duly authorized to enter into, and to carry out its obligations under, this Agreement and no obligation of it in this Agreement conflicts with or will result in the breach of any termin:

 

(i) its articles or by-laws; or

 
	 
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(ii) any other agreement to which it is a party;

 

(d) it has good and sufficient right and authority to enter into this Agreement on the terms and conditions herein set forth and to transfer all legal and beneficial right, title, interest and ownership in and to the Fish Lake Claims to Bearing, free and clear of any Encumbrances, in accordance with the terms hereof;

 

(e) this Agreement constitutes a legal, valid and binding obligation of the Vendor enforceable in accordance with its terms;

 

(f) the execution and delivery of this Agreement and any agreements or transactions contemplated hereby will not violate or result in the breach of the laws of any jurisdiction applicable or pertaining there to or any agreement to which the Vendor is a party;

 

(g) the Vendor is an “accredited investor” (as such is defined in United States securities laws) and, concurrent with the execution of this Agreement, shall execute and deliver the “Certification of US Person” attached hereto as Schedule “B” of this Agreement;

 

(h) the Vendor is the sole 100% legal, beneficial and recorded holder of all of the rights derived from the Fish Lake Claims and is in exclusive possession of the same, free and clear of all Encumbrances or defects in title or third party interests;

 

(i) there are no pending or threatened adverse claims, challenges, actions, suits, disputes or proceedings regarding the Fish Lake Claims or the Vendor nor, to the best of the Vendor’s knowledge, is there any basis therefore and there are no outstanding notices, orders, assessments, directions, rulings or other documents issued in respect of the Fish Lake Claims by any governmental authority;

 

(j) there are no outstanding agreements or options to acquire or purchase the Fish Lake Claims or any interest in or portion there of, no person, firm or corporation has any proprietary or possessory interest in the Fish Lake Claims other than the Vendor, and no person is entitled to any royalty or other payment in the nature of rent or royalty in respect of the Fish Lake Claims;

 

(k) the Fish Lake Claims: (i) have been duly and validly applied for and have been issued and are registered with the Nevada Bureau of Land Management; (ii) are correctly and fully described in Schedule “A” hereto; (iii) all taxes, if any, are fully paid in respect thereof; and (iv) the Fish Lake Claims are valid and subsisting mining claims in good standing under the laws of Nevada;

 

(l) the Fish Lake Claims are free and clear of all Encumbrances, and all operations of the Vendor there on or in connection there with have been and continue to be in full compliance with all applicable laws and regulations, including those pertaining to mining, labour, health and safety, the environment and taxation;

 
	 
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(m) the Vendor has the right to enter upon and utilize for the purpose soft he exploration and exploitation of the mineral resources there under, the surface of the lands subject to the Fish Lake Claims;

 

(n) except as to matters otherwise disclosed in writing to Bearing prior to the date of this Agreement:

 

(i) to the best of the Vendor’s knowledge, the conditions existing on or related to any of the Fish Lake Claims or land associated there with and the Vendor’s ownership and operations of the Fish Lake Claims or land associated there with are incompliance with and are not in violation of any laws (including without limitation any environmental laws), nor causing or permitting any damage (including Environmental Damage, as defined below) or impairment to the health, safety or enjoyment of any person at or on the Fish Lake Claims or land associated there with or in the general vicinity of the Fish Lake Claims or land associated there with;

 

(ii) to the best of the Vendor’s knowledge, there have been no past violations by the Vendor or the Vendor’s predecessors in title of any environmental laws or other laws affecting or pertaining to any of the Fish Lake Claims or land associated there with, nor any past creation of damage or threatened damage to the air, soil, surface waters, groundwater, flora, fauna or other natural resources on, about or in the general vicinity of any of the Fish Lake Claims or land associated there with (“Environmental Damage”);

 

(iii) to the best of the Vendor’s knowledge, no hazardous materials or other materials used in or generated by the use of the Fish Lake Claims or land associated there with have been or are currently placed, used, stored, treated, manufactured, disposed of, released discharged, spilled or emitted in material violation of any environmental laws;

 

(iv) there is no agreement or consent order to which the Vendor is a party relating to any environmental matter relating to the Fish Lake Claims or land associated there with and to the best of the Vendor’s knowledge, no such agreement is necessary for the continued compliance with environmental laws;

 

(v) there have been no orders issued or threatened and no investigations conducted, taken or threatened under or pursuant to environmental laws with respect to the Fish Lake Claims or land associated there with of which the Vend or is aware other than routine inspections. The Vendor is not aware of any circumstances or events that have any reasonable prospect of resulting in any claim, action or other proceeding with respect to Environmental Damage or in an order or investigation under any environmental laws;

 
	 
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(vi) the Vendor has not received inquiry from or notice of a pending investigation from any governmental agency or of any administrative or judicial proceeding concerning the violation of any laws or environmental laws; and

 

(vii) there are no outstanding orders or directions relating to environmental matters requiring any work, repairs, construction or capital expenditures with respect to the Fish Lake Claims or land associated there with and the conduct of the operations related there to, the Vendor has not received any notice of the same and is not aware of any basis on which any such orders or direction could be made;

 

(o) the Fish Lake Claims are not located within a natural protected area, whether federal, provincial or local, nor is the Vendor aware or has received any notice on the possible creation of any environmental protected area within the area covered by the concession;

 

(p) to the best of the Vendor’s knowledge, no archaeological vestiges have been found in the Fish Lake Claims; and

 

(q) the Vendor is not aware of any material factor circumstance which has not been disclosed to B earing which should be disclosed in order to prevent the representations and warranties in this Section from being misleading or which may be material in Bearing’s decision to enter into this Agreement and acquire a 100% interest in the Fish Lake Claims.

 

5.3 The representations and warranties here in before set out are conditions on which the parties have relied in entering in to this Agreement and will survive the acquisition of any interest in the Fish Lake Claims by Bearing, and each party will indemnify and save the other harmless from all loss, damage, costs, actions and suits arising out of or in connection with any breach of any representation, warranty, covenant, agreement or condition made by such party and contained in this Agreement.

 

6. Conditions of Closing

 

6.1 The completion of the purchase and sale of the Fish Lake Claims is subject to the following conditions precedent which are for the exclusive benefit of Bearing and are to be fulfilled by the Vendor or otherwise waived prior by Bearing at or prior to the Closing Date:

 

(a) the representations and warranties of the Vendor set forth herein will be true and correct as at the Closing Date with the same force and effect as though made at the Closing Date;

 
	 
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(b) the Vendor will have performed or complied in all material respects with all of the covenants, agreements and conditions agreed to be performed or complied with by the Vendor under the terms of this Agreement;

 

(c) the Vendor will have delivered to Bearing all such documents as are necessary to transfer title or interest in and to the Fish Lake Claims to Bearing, in a form satisfactory to legal counsel to Bearing;

 

(d) Bearing will have received the acceptance of the TSX Venture Exchange regarding the issuance of the Purchase Price Shares; and

 

(e) this Agreement will not have been terminated pursuant to Section 7.

 

6.2 The completion of the purchase and sale of the Fish Lake Claims is subject to the following conditions precedent which are for the exclusive benefit of the Vendors and are to be fulfilled by Bearing or otherwise waived prior by the Vendor at or prior to the Closing Date:

 

(a) the representations and warranties of Bearing set forth herein will be true and correct as at the Closing Date with the same force and effect as though made at the Closing Date;

 

(b) Bearing will have performed or complied in all material respects with all of the covenants, agreements and conditions agreed to be performed or complied with by Bearing under the terms of this Agreement; and

 

(c) this Agreement will not have been terminated pursuant to Section 7.

 

7. Termination

 

This agreement may be terminated:

 

(a) by mutual written consent and agreement of Bearing and the Vendor;

 

(b) by Bearing, upon written notice to the Vendor:

 

(i) if any of the other conditions set forth in Section 6.1 are not satisfied or waived on or before the Closing Date; or

 

(ii) if there is a breach by the Vendor of any covenant or obligation provided in this Agreement prior to the Closing Date; or

 

(c) by the Vendor upon written notice to Bearing:

 

(i) if any of the other conditions set forth in Section 6.2 are not satisfied or waived on or before the Closing Date; or

 
	 
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(ii) if there is a breach by Bearing of any covenant or obligation provided in this Agreement prior to the Closing Date.

 

8. Closing Matters

 

8.1 Subject to the conditions in Section 6 being waived or fulfilled, the purchase and sale of the Fish Lake Claims will close on or before February, 2017 (the “Closing Date”) or such other date as otherwise agreed in writing by the parties, but in any event, no later than February _, 2017.

 

8.2 The Vendor agrees to execute and deliver, on the Closing Date, all deeds of conveyance, quitclaims, bills of sale, agreements, registrations, notarizations, transfers, and assignments (the “Transfer Documents”) in form and content reasonably satisfactory to Bearing’s counsel, as may be required to effectively transfer a 100% right, title and interest to the Fish Lake Claims to Bearing, free and clear of all liens, charges and encumbrances and the Transfer Documents will be registerable in all places where registration of them is required to transfer title of the Fish Lake Claims to the extent contemplated by this Agreement, and Bearing will: (a) pay the Vendor US$60,000; and (b)issue to the Vendor a share certificate for the Purchase Price Shares in the amount and in the manner and as set out in Section 3.

 

8.3 Bearing will file or cause to be filed the Transfer Documents and the Vendor agrees to provide any additional information or documents, or to do or cause to be done such acts as required to transfer title or interest in and to the Fish Lake Claims to Bearing.

 

9. Expenses

 

9.1 All fees and expenses incurred in connection with the transactions contemplated by this Agreement will be borne by the party incurring such expense.

 

10. Notice

 

10.1 All notices and other required communications and deliveries to the parties will be in writing given by personal delivery or by electronic means addressed as follows (or to such other address as the parties may specify in writing from time to time):

 

(a) to the Vendor

 

Octagon Holdings Corp.

3064 Silver Sage Dr. Suite 150

Carson City, Nevada 89701

 
	 
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to Bearing:

 

Bearing Resources Corp

Suite 1400 – 1111 West Georgia Street

Vancouver, British Columbia V6E 4M3

 

Attention: Jeremy Poirier

Email: jpoirier@bearingresources.ca

 

with a copy to Bearing’s solicitors:

 

McCullough O’Connor Irwin LLP

Suite 2600 Oceanic Plaza

1066 West Hastings Street

Vancouver, British ColumbiaV6E 3X1

 

Attention: Lisa Stewart

Email: lstewart@moisolicitors.com

Fax: 604-687-7099

 

Any notices and other required communications and deliveries given by personal delivery will be conclusively deemed to have been given on the day of actual delivery thereof and, if given by electronic means, on the day of transmittal thereof if given during the normal business hours of the recipient and on the next day if not given during such normal business hours on any day.

 

11. Entire Agreement

 

11.1 This Agreement constitutes the entire agreement between the parties regarding the subject matter hereof and shall supersede all previous communications, representations, understandings and agreements, whether oral or written, by or between the parties. No promise or inducement not expressly provided for herein has been made, given or relied upon by the parties as consideration for this Agreement.

 

12. Amendment

 

12.1 This Agreement may only be amended in writing with the mutual consent of all parties.

 

13. Consent and Waiver

 

13.1 No consent or waiver, express or implied, by either party in respect of any breach or default by the other party in the performance by such other party of its obligations under this Agreement will be deemed or construed to be a consent to or a waiver or any other breach or default.

 

14. Further Assurances

 

14.1 The parties will promptly execute, or cause to be executed, all bills of sale, agreements, registrations, notarizations, transfers, documents, conveyances and other instruments of further assurance which may be reasonably necessary or advisable to carry out fully the intent and purpose of this Agreement or to record wherever appropriate the respective Fish Lake Claims from time to time of the parties in the Fish Lake Claims.

 
	 
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15. Severability

 

15.1 Each of the provisions of this Agreement shall be separate and distinct and, if any provision of this Agreement shall be invalid, illegal or unenforceable in whole or in part in any respect under any applicable law, the validity, legality and enforceability of the remaining provisions hereof shall not be affected or impaired thereby.

 

16. Governing Law

 

16.1 This Agreement shall be governed by the laws of British Columbia and the laws of Canada applicable there to, and shall by all means be construed as a British Columbia contract. The Parties irrevocably attorn to the exclusive jurisdiction of the courts of British Columbia with respect to any dispute, claim or other matter arising under this Agreement.

 

17. No Assignment

 

17.1 A Party may not assign this Agreement, whether by operation of law or otherwise, without the prior written consent of the other Party, which consent may be withheld for any reason. This Agreement shall be binding upon and enure to the benefit of the respective successors and permitted assigns of the Parties.

 

18. Time

 

18.1 Time is of the essence in this Agreement.

 

19. Counterparts and Execution by Electronic Means

 

19.1 This Agreement may be executed by the parties in separate in counterparts, each of which shall be deemed to be an original and all of which shall constitute one and the same document. Each party shall be entitled to rely on delivery of an electronic or facsimile copy of this Agreement, and acceptance by either Party of an electronic or facsimile copy of this Agreement shall create a legal, valid and binding agreement between the Vendor and Bearing in accordance with the terms hereof.

 
	 
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IN WITNESS WHERE OF the parties hereto have caused this Agreement to be executed by their duly authorized officers as of the date first written above.

 

 

	BEARING RESOURCES LTD.	
	 	 	 
	By:	

	
	
Name:
	
Jeremy Poirier
	 
	Title:	President & Chief Executive Officer	 
	 	 	 
	
OCTAGON HOLDINGS CORP.
	
 

	
 
	
 
	
 

	
By:
	

	
 

	
Name:
	
LI HANXUN
	
 

	
Title:
	
DIRECTOR
	
 

 
	 
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SCHEDULE “A”

 

Fish Lake Claims

 

 

 

 

 

	 
	
	

 
	 

 

Schedule A

FLV Lode Mining Claims

Esmeralda County, Nevada

Octagon Holdings Corp.

 

	
Name
	
NMC Serial No
	
County No
	
Count

	
FLV 1
	
1135246
	
206005
	
1

	
FLV 2
	
1135247
	
206006
	
2

	
FLV 3
	
1135248
	
206007
	
3

	
FLV 4
	
1135249
	
206008
	
4

	
FLV 5
	
1135250
	
206009
	
5

	
FLV 6
	
1135251
	
206010
	
6

	
FLV 7
	
1135252
	
206011
	
7

	
FLV 8
	
1135253
	
206012
	
8

	
FLV 9
	
1135254
	
206013
	
9

	
FLV 10
	
1135255
	
206014
	
10

	
FLV 11
	
1135256
	
206015
	
11

	
FLV 12
	
1135257
	
206016
	
12

	
FLV 13
	
1135258
	
206017
	
13

	
FLV 14
	
1135259
	
206018
	
14

	
FLV 15
	
1135260
	
206019
	
15

	
FLV 16
	
1135261
	
206020
	
16

	
FLV 17
	
1135262
	
206021
	
17

	
FLV 18
	
1135263
	
206022
	
18

	
FLV 19
	
1135264
	
206023
	
19

	
FLV 20
	
1135265
	
206024
	
20

	
FLV 21
	
1135266
	
206025
	
21

	
FLV 22
	
1135267
	
206026
	
22

	
FLV 23
	
1135268
	
206027
	
23

	
FLV 24
	
1135269
	
206028
	
24

	
FLV 25
	
1135270
	
206029
	
25

	
FLV 26
	
1135271
	
206030
	
26

	
FLV 27
	
1135272
	
206031
	
27

	
FLV 28
	
1135273
	
206032
	
28

	
FLV 29
	
1135274
	
206033
	
29

	
FLV 30
	
1135275
	
206034
	
30

	
FLV 31
	
1135276
	
206035
	
31

	
FLV 32
	
1135277
	
206036
	
32

	
FLV 33
	
1135278
	
206037
	
33

	
FLV 34
	
1135279
	
206038
	
34

	
FLV 35
	
1135280
	
206039
	
35

	
FLV 36
	
1135281
	
206040
	
36

 
	 
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Name
	
NMC Serial No
	
County No
	
Count

	
FLV 37
	
1135282
	
206041
	
37

	
FLV 38
	
1135283
	
206042
	
38

	
FLV 39
	
1135284
	
206043
	
39

	
FLV 40
	
1135285
	
206044
	
40

	
FLV 41
	
1135286
	
206045
	
41

	
FLV 42
	
1135287
	
206046
	
42

	
FLV 43
	
1135288
	
206047
	
43

	
FLV 44
	
1135289
	
206048
	
44

	
FLV 45
	
1135290
	
206049
	
45

	
FLV 46
	
1135291
	
206050
	
46

	
FLV 47
	
1135292
	
206051
	
47

	
FLV 48
	
1135293
	
206052
	
48

	
FLV 49
	
1135294
	
206053
	
49

	
FLV 50
	
1135295
	
206054
	
50

	
FLV 51
	
1135296
	
206055
	
51

	
FLV 52
	
1135297
	
206056
	
52

	
FLV 53
	
1135298
	
206057
	
53

	
FLV 54
	
1135299
	
206058
	
54

	
FLV 55
	
1135300
	
206059
	
55

	
FLV 56
	
1135301
	
206060
	
56

	
FLV 57
	
1135302
	
206061
	
57

	
FLV 58
	
1135303
	
206062
	
58

	
FLV 59
	
1135304
	
206063
	
59

	
FLV 60
	
1135305
	
206064
	
60

	
FLV 61
	
1135306
	
206065
	
61

	
FLV 62
	
1135307
	
206066
	
62

	
FLV 63
	
1135308
	
206067
	
63

	
FLV 64
	
1135309
	
206068
	
64

	
FLV 65
	
1135310
	
206069
	
65

	
FLV 66
	
1135311
	
206070
	
66

	
FLV 67
	
1135312
	
206071
	
67

	
FLV 68
	
1135313
	
206072
	
68

	
FLV 69
	
1135314
	
206073
	
69

	
FLV 70
	
1135315
	
206074
	
70

	
FLV 71
	
1135316
	
206075
	
71

	
FLV 72
	
1135317
	
206076
	
72

	
FLV 73
	
1135318
	
206077
	
73

	
FLV 74
	
1135319
	
206078
	
74

	
FLV 75
	
1135320
	
206079
	
75

	
FLV 76
	
1135321
	
206080
	
76

	
FLV 77
	
1135322
	
206081
	
77

 
	 
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Name
	
NMC Serial No
	
County No
	
Count

	
FLV 78
	
1135323
	
206082
	
78

	
FLV 79
	
1135324
	
206083
	
79

	
FLV 80
	
1135325
	
206084
	
80

	
FLV 81
	
1135326
	
206085
	
81

 
	 
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SCHEDULE “B”

 

CERTIFICATION OF U.S. PERSON

 

In connection with the execution of the issuance of common shares (the “Shares”) of Bearing Resources Ltd. (the “Issuer”), the undersigned (the “Holder”) represents and warrants to the Issuer that:

 

	
 
	1.	It has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of an investment in the Shares and it is able to bear the economic risk of loss of its entire investment.
	
 
	
 
	
 

	
 
	2.	The Issuer has provided to it the opportunity to ask questions and receive answers concerning the Shares and it has had access to such information concerning the Issuer as it has considered necessary or appropriate in connection with its investment decision to acquire the Shares.
	
 
	
 
	
 

	
 
	3.	It is acquiring the Shares for its own account, for investment purposes only and not with a view to any resale, distribution or other disposition of the Shares in violation of the United States securities laws.
	
 
	
 
	
 

	
 
	4.	It understands the Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or the securities laws of any state of the United States and that the sale contemplated hereby is being made in reliance on an exemption from such registration requirements.
	
 
	
 
	
 

	
 
	5.	If the Holder is an individual (that is, a natural person and not a corporation, partnership, trust or other entity), then it satisfies one or more of the categories indicated below (please place an “X” on the appropriate lines):

  

	
 
	 	
 
	
a natural person whose individual net worth, or joint net worth with that person’s spouse, at the time of purchase exceeds US $1,000,000, calculated by (i) not including the person’s primary residence as an asset; (ii) not including indebtedness that is secured by the person's primary residence, up to the estimated fair market value of the primary residence at the time of the sale of the securities as a liability (except that if the amount of such indebtedness outstanding at the time of the sale of securities exceeds the amount outstanding 60 days before such time, other than as a result of the acquisition of the primary residence, the amount of such excess shall be included as a liability); and (iii) including indebtedness that is secured by the person's primary residence in excess of the estimated fair market value of the primary residence at the time of the sale of the securities as a liability;

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
A natural person who had an individual income in excess of US $200,000 in each of the two most recent years or joint income with that person’s spouse in excess of US $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year;

 

	
 
	6.	If the Holder is a corporation, partnership, trust or other entity), then it satisfies one or more of the categories indicated below (please place an “X” on the appropriate lines):

 

	
 
	
 
	
 
	
An organization described in Section 501(c)(3) of the United States Internal Revenue Code, a corporation, a Massachusetts or similar business trust or partnership, not formed for the specific purpose of acquiring the Shares, with total assets in excess of US $5,000,000;

 
	 
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A trust that (a) has total assets in excess of US $5,000,000, (b) was not formed for the specific purpose of acquiring the Shares and (c) is directed in its purchases of securities by a person who has such knowledge and experience in financial and business matters that he/she is capable of evaluating the merits and risks of an investment in the Shares;

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
An investment company registered under the Investment Company Act of 1 940 or a business development company as defined in Section 2(a)(48) of that Act;

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
A Small Business Investment Company licensed by the U .S. Small Business Administration under Section 30 I (c) or (d) of the Small Business Investment Act of 1958;

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
A private business development company as defined 111 Section 202(a)(22) of the In vestment Advisors Act of 1940; or

	
 
	
 
	
 
	
 

	
 
	
þ
	
 
	
An entity in which all of the equity owners satisfy the requirements of one or more of the foregoing categories.

 

	
 
	7.	It has not purchased the Shares as a result of any form of genera l solicitation or general advertising, including advertisements, articles, notices or other communications published in any newspaper, magazine or similar media or broadcast over radio, internet, television or other form of telecommunications or any seminar or meeting whose attendees have been invited by general solicitation or general advertising.
	
 
	
 
	
 

	
 
	8.	If it decides to offer, sell or otherwise transfer any of the Shares, it will not offer, sell or otherwise transfer any of such Shares directly or indirectly, unless:

 

	
 
	(a)	the sale is to the Issuer;
	
 
	
 
	
 

	
 
	(b)	the sale is made outside the United States in a transaction meeting the requirements of Rule 904 of Regulation Sunder the 1 933 Act and in compliance with applicable local laws and regulations;
	
 
	
 
	
 

	
 
	(c)	the sale is made pursuant to the exemption from the registration requirements under the 1933 Act provided by Rule 144 thereunder and in accordance with any applicable state securities or "blue sky" laws; or
	
 
	
 
	
 

	
 
	(d)	the Shares are sold in a transaction that does not require registration under the 1933 Act or any applicable state laws and regulations governing the offer and sale of securities; and
	
 
	
 
	
 

	
 
	(e)	it has prior to such sale pursuant to subsection (c) or (d) furnished to the Issuer an opinion of counsel reasonably satisfactory to the Issuer.

 

	
 
	9.	The certificates representing the Shares (and any certificates issued in exchange or substitution for the Shares) will bear a legend in substantially the form as follows:

 

"THE SECU RITIES REPRESENTED HEREBY HA V E NOT BEEN REGISTERED UNDE R THE UNITED STATES SECURITIES ACT OF 1 933, AS AME DED (THE "U .S. SECURITIES ACT''). THE HOLDER H EREOF, BY PU RCHASING SUCH SECU RITIES, AGREES FOR THE BENEF IT OF THE COMPANY THAT SUCH SECURITIES MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED ONLY (A) TO THE COMP/\NY ; (B) OUTSIDE THE UNITED STATES IN A CCORDANCE W ITH RUL E 904 OF REGUL ATION S UNDER THE U.S. SECURITI ES ACT OR (C) IN ACCORDANCE WITH THE EXEMPTION FROM REGISTRATION UN DER THE U.S. SECURITIES ACT PROV IDED BY R ULE 144 THEREUNDER, IF AVA I LABLE, A D I N COMPLIANCE WITH ANY APPLICABLE STATE SECUR ITIES LAWS; OR (D) IN A TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE U.S. SECURITIES ACT OR ANY APPLICABLE STATE SECURITIES LAWS, AND, IN THE CASE OF PARAGRAPH (C) OR (D), THE SELLER FURNISHES TO THE CORPORATION AN OPINION OF COUNSEL OF RECOGNIZED STANDING IN FORM AND SUBSTANCE SATISFACTORY TO THE CORPORATION TO SUCH EFFECT. DELIVERY OF THIS CERTIFICATE MAY NOT CONSTITUTE GOOD DELIVERY IN SETTLEMENT OF TRANSACTIONS ON STOCK EXCHANGES IN CANADA.”

 
	 
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Delivery of certificates bearing such a legend may not constitute “good delivery” in settlement of transactions on Canadian stock exchanges or over-the-counter markets. If the Issuer is a “foreign issuer” with no “substantial U.S. market interest” (all within the meaning of Regulation S under the 1933 Act) at the time of sale, a new certificate, which will constitute “good delivery”, will be made available to the Holder upon provision by the Holder of a declaration in the appropriate form, together with such other evidence of the availability of an exemption as the Issuer or its transfer agent may reasonably require.

 

Certificates representing Warrants, and all certificates issued in exchange therefore or in substitution thereof, shall bear the following legend in substantially the following form:

 

“THIS WARRANT AND THE SECURITIES DELIVERABLE UPON EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “U.S. SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES. THIS WARRANT MAY NOT BE EXERCISED BY OR ON BEHALF OF A “U.S. PERSON” OR A PERSON IN THE UNITED STATES UNLESS THE WARRANT AND THE UNDERLYING SECURITIES HAVE BEEN REGISTERED UNDER THE U.S. SECURITIES ACT AND THE APPLICABLE SECURITIES LEGISLATION OF ANY SUCH STATE OR AN EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS IS AVAILABLE. “UNITED STATES” AND “U.S. PERSON” ARE AS DEFINED BY REGULATION S UNDER THE U.S. SECURITIES ACT.”

 

	
 
	10.	It understands and agrees that there may be material tax consequences to the Holder of an acquisition or disposition of the Shares. The Issuer gives no opinion and makes no representation with respect to the tax consequences to the Holder under United States, state, local or foreign tax law of the undersigned’s acquisition or disposition of such Shares, in particular, no determination has been made whether the Issuer will be a “passive Foreign investment company” (“PFIC”) within the meaning of Section 1291 of the United States Internal Revenue Code.
	
 
	
 
	
 

	
 
	11.	It understands and agrees that the financial statements of the Issuer have been prepared in accordance with International Financial Reporting Standards (IFRS), which differ in some respects from United States generally accepted accounting principles, and thus may not be comparable to financial statements of United States companies.
	
 
	
 
	
 

	
 
	12.	It consents to the Issuer making a notation on its records or giving instructions to any transfer agent of the Issuer in order to implement the restrictions on transfer set forth and described in this Certification and the Subscription Agreement.
	
 
	
 
	
 

	
 
	13.	It is resident in the United States of America, its territories and possessions or any state of the United States or the District of Columbia (collectively the “United States”), a “U.S. Person” as such term is defined in Regulation S of the 1933 Act or was in the United States at the time the securities were offered or the Subscription Agreement was executed.
	
 
	
 
	
 

	
 
	14.	It understands that the Shares are “restricted securities” under applicable federal securities laws and that the 1933 Act and the rules of the SEC provide in substance that the Holder may dispose of the Shares only pursuant to an effective registration statement under the 1933 Act or an exemption therefrom, and, other than as set out herein, the Holder understands that the Issuer has no obligation to register any of the Shares or to take action so as to permit sales pursuant to the 1933 Act (including Rule 144 thereunder). Accordingly, the Holder understands that absent registration, under the rules of the SEC, the Holder may be required to hold the Shares indefinitely or to transfer the Shares in "private placements" which are exempt from registration under the 1933 Ac4 in which event the transferee will acquire "restricted securities" subject to the same limitations as in the hands of the Holder. As a consequence, the Holder understands that it must bear the economic risks of the in vestment in the Shares for an indefinite period of time.

 
	 
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	15.	It has n o intention to distribute, and shall not transfer, either directly or indirectly any of the Shares to any person within the United States or to U.S. persons, as defined in Regulations S (a "US Person") except pursuant to an effective registration statement under the 1933 Act, or an exemption therefrom.
	
 
	
 
	
 

	
 
	16.	It has no intention to distribute , and shall not transfer, either directly or indirectly any of the Shares to any person within the United States or to U .S. persons, as defined in Regulations S (a "US Person") except pursuant to an effective registration statement under the 1933 Act, or an exemption therefrom.

 

The statements made in this Certification are true and accurate to the best of my information and belief and I will promptly notify the Issuer of any changes in the answers.

 

Dated ______________________, 2017

 

 

	
 
	
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	Authorized signatory (if Holder is not an individual)	
 

	
 
	
 
	
 

	
 
	

	
 

	
 
	
Name of Holder (please print)
	
 

	
 
	
 
	
 

	
 
	

	
 

	
 
	
Name of authorized signatory (please print)
	
 

	
 
	
 
	
 

	
 
	
 
	
 

	
 
	
Official capacity of authorized signatory (please print)
	
 

 

 

 

	
4EX-10.3

 Exhibit 10.3 

FORM OF 
 REGISTRATION
RIGHTS AGREEMENT 
 This REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of [    ],
2017, is entered into by and among Warrior Met Coal, Inc., a Delaware corporation (the “Company”), the Persons set forth on Schedule A attached hereto, and the other Persons who become signatories hereto following the date
hereof (collectively, “Holders”). 
 WHEREAS, the Company has agreed to grant the Holders the registration rights and other
rights set forth in this Agreement, as contemplated under Section 10.13 of that certain Amended and Restated Limited Liability Company Agreement of Warrior Met Coal, LLC, dated as of March 31, 2016, in connection with the Company’s
initial public offering. 
 NOW, THEREFORE, in consideration of the premises, mutual covenants and agreements hereinafter contained, and for
other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 

ARTICLE I 
 DEFINITIONS

 SECTION 1.1. Definitions. In addition to the definitions set forth above, the following terms, as used herein, have the
following meanings: 
 “Affiliate” means, with respect to any Person, any Person who, directly or indirectly through one or
more intermediaries, controls, is controlled by, or is under common control with such Person, including portfolio companies of such Person. The term “Affiliated” shall have a correlative meaning. Notwithstanding the foregoing,
a non-discretionary sub-advising relationship shall not confer Affiliate status. 

“Agreement” shall have the meaning set forth in the introductory paragraph hereof. 

“Business Day” means any day other than a Saturday, Sunday or a day on which state or federally chartered banking
institutions in New York City, New York are not required to be opened. 
 “Board of Directors” means the board of directors
of the Company. 
 “Commission” means the United States Securities and Exchange Commission. 

“Common Stock” means the common stock, par value $0.01 per share, of the Company, and any shares or capital stock for or into
which such common stock hereafter is exchanged, converted, reclassified or recapitalized by the Company or pursuant to an agreement to which the Company is a party. 

“Common Stock Equivalents” means, without duplication, Common Stock and any rights, warrants, options, convertible securities
or Indebtedness, exchangeable securities or Indebtedness, or other rights, exercisable for or convertible or exchangeable into, directly or indirectly, Common Stock and securities convertible or exchangeable into Common Stock, whether at the time of
issuance or upon the passage of time or the occurrence of some future event. 

 “Company Underwriter” shall have the meaning set forth in SECTION 2.2(b).

 “Contracting Parties” shall have meaning set forth in SECTION 3.10. 

“Demand Registration” shall have the meaning set forth in SECTION 2.1(a). 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 “FINRA” means Financial Industry Regulatory Authority, Inc. 

“Governmental Authority” means the government of any nation, state, city, locality or other political subdivision thereof,
any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, and any corporation or other entity owned or controlled, through stock or capital ownership or otherwise, by any of the
foregoing. 
 “Holdback Period” shall have the meaning set forth in SECTION 2.6(a). 

“Holder” shall have the meaning set forth in the introductory paragraph hereof, and “Holders” means all
Holders, collectively. 
 “Holders’ Counsel” shall have meaning set forth in SECTION 2.7(a)(i). 

“IM Underwriter” shall have meaning set forth in SECTION 2.1(a). 

“Incidental Registration” shall have the meaning set forth in SECTION 2.2(a). 

“Indemnified Party” shall have meaning set forth in SECTION 2.11(c). 

“Indemnifying Party” shall have meaning set forth in SECTION 2.11(c). 

“Initiating Holders” shall have the meaning set forth in SECTION 2.1(a). 

“Liability” shall have the meaning set forth in SECTION 2.11(a). 

“Non-Initiating Holders” shall have the meaning set forth in SECTION 2.2(a).

 “Non-party Affiliates” shall have meaning set forth in SECTION 3.10. 

“Person” means any individual, corporation, company, voluntary association, partnership, joint venture, limited liability
company, trust, estate, unincorporated organization, Governmental Authority or other entity and shall include any “group” within the meaning of the regulations promulgated by the Commission under Section 13(d) of the Exchange Act 

“Records” means an Inspector as defined in SECTION 2.7(a).7. 

  
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 “Registrable Securities” means any Common Stock (including any issuable or
issued upon exercise, exchange or conversion of any Common Stock Equivalents) at any time owned, either of record or beneficially, by any Holder and any additional securities that may be issued or distributed or be issuable in respect of any Common
Stock by way of conversion, dividend, stock-split, distribution or exchange, merger, consolidation, exchange, recapitalization or reclassification or similar transactions until a registration statement covering such shares has been declared
effective by the Commission and such shares have been disposed of pursuant to such effective registration statement. 

“Registration Expenses” shall have the meaning set forth in SECTION 2.10. 

“Rule 144” means Rule 144 promulgated under the Securities Act, as amended from time to time, or any similar successor rule
thereto that may be promulgated by the Commission. 
 “Permitted Transferee” has the meaning set forth in the Stockholders
Agreement. 
 “S-3 Non-Initiating Holders”
shall have the meaning set forth in SECTION 2.5(a). 
 “S-3 Registration”
shall have the meaning set forth in SECTION 2.5(a). 
 “Securities Act” means the Securities Act of 1933, as
amended, and the rules and regulations promulgated by the Commission thereunder. 
 “Subsidiary” means, with respect to any
Person, any other Person, whether incorporated or unincorporated, in which the Company or any one or more of its other Subsidiaries, directly or indirectly, owns or controls: (i) fifty percent (50%) or more of the securities or other ownership
interests, including profits, equity or beneficial interests; or (ii) securities or other interests having by their terms ordinary voting power to elect more than fifty percent (50%) of the board of directors or others performing similar
functions with respect to such other Person that is not a corporation. 
 “Valid Business Reason” shall have the meaning
set forth in SECTION 2.1(a). 
 ARTICLE II 

REGISTRATION RIGHTS 

SECTION 2.1. Demand Registration Right. 

(a) Each Holder or group of Holders, which collectively hold an aggregate of at least five percent of the Common Stock (collectively, the
“Initiating Holders”), may make a written request (specifying the intended method of disposition and the amount of Registrable Securities proposed to be sold) that the Company effect, and the Company shall use its reasonable best
efforts to effect, a registration of its Common Stock (a “Demand Registration”) of all or any requested portion of the Registrable Securities collectively held by such Members (subject to SECTION 2.4(a)). The Company shall
not be obligated to effect a Demand Registration if the Registrable Securities requested by the Initiating Holder to be registered have 

  
 3 

 
an estimated aggregate public offering price (before deduction of any underwriting discounts and commissions) of less than twenty five million dollars ($25,000,000). If the Board of Directors, in
its good faith judgment, determines that any registration of the Registrable Securities should not be made or continued because it would materially interfere with any material financing, acquisition, corporate reorganization or merger or other
material transaction involving the Company (a “Valid Business Reason”), the Company may (i) postpone filing a Registration Statement relating to a Demand Registration until such Valid Business Reason no longer exists, but in no
event for more than one hundred and eighty (180) days, and (ii) in case a Registration Statement has been filed relating to a Demand Registration, if the Valid Business Reason has not resulted from actions taken by the Company, the
Company, upon the approval of a majority of the Board of Directors, acting in good faith, may cause such Registration Statement to be withdrawn and its effectiveness terminated; provided, however, that a new Registration Statement is
filed within one hundred and eighty (180) days thereafter, or may postpone amending or supplementing such Registration Statement, but in no event for more than one hundred and eighty (180) days; provided, however, that if the
registration of Registrable Securities is postponed pursuant to clause (i), the Company shall not be permitted to register under the Securities Act any Common Stock of the Company owned by other Holders of the Company during any such postponement.
The Company shall give written notice of its determination to postpone or withdraw a Registration Statement and of the fact that the Valid Business Reason for such postponement or withdrawal no longer exists, in each case, promptly after the
occurrence thereof. Notwithstanding anything to the contrary contained herein, the Company may not postpone or withdraw a filing under this SECTION 2.1 more than once in any twelve (12) month period. For the avoidance of doubt, any
postponement or withdrawal of a Registration Statement shall result in the related registration of Registrable Securities not constituting a Demand Registration for purposes of SECTION 2.3 hereof. 

(b) The Company shall use its reasonable best efforts to cause such Demand Registration to be in the form of a firm commitment underwritten
offering and the managing underwriter or underwriter selected for such offering shall be selected by the Initiating Holders (the “IM Underwriter”). In connection with any Demand Registration under this SECTION 2.1 involving
an underwritten offering, none of the Registrable Securities held by an Initiating Holder making a request for inclusion of such Registrable Securities shall be included in such underwritten offering unless such Initiating Holder accepts the terms
of the offering as agreed upon by the Company and the IM Underwriter, such terms to be in an underwriting agreement in customary form, and then only in such quantity as will not, in the reasonable determination of the Company based on discussions
with the IM Underwriter, jeopardize the success of such offering. 
 SECTION 2.2. Piggyback Registration Right. 

(a) Within ten (10) Business Days following receipt by the Company of a request from the Initiating Holders to effect a Demand
Registration, the Company shall give written notice of such request to each other Holder (together with its Affiliates) (the “Non-Initiating Holders”) which shall describe the anticipated
filing date, the proposed registration and plan of distribution, and offer the Non-Initiating Holders the opportunity to register their pro rata share (based on the ownership of the Non-Initiating Holders as compared to the ownership of the Initiating Holders) of Registrable Securities (an “Incidental Registration”) in such registration. Following the receipt of such notice,
each Non-Initiating Holder shall be entitled, by delivery of 

  
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a written request to the Company delivered no later than ten (10) Business Days following receipt of notice from the Company, to include all or any portion of their Registrable Securities in
such Demand Registration (subject to SECTION 2.4(a)). The right of each Non-Initiating Holder to have Registrable Securities included in a Demand Registration pursuant to this SECTION 2.2(a)
shall be conditioned upon each Non-Initiating Holder entering into (together with the Initiating Holders) an underwriting agreement in customary form with the IM Underwriter. Subject to SECTION 2.4, the
Company shall use its reasonable best efforts (within ten (10) Business Days of the notice provided for above) to cause the IM Underwriter to permit the Non-Initiating Holders to participate in the
Incidental Registration to include its Registrable Securities in such offering on the same terms and conditions as the Registrable Securities being sold for the account of the Initiating Holders. 

(b) In connection with an offering by the Company for its own account or for the benefit of any Holder (other than a registration statement on
Form S-4 or S-8 or any successor thereto), the Company shall give written notice to all of the Holders at least twenty (20) Business Days prior to the proposed
offering. Following the receipt of such notice, each Holder (together with its Affiliates) shall be entitled, by delivery of a written request to the Company delivered no later than ten (10) days following receipt of notice from the Company, to
include all or any portion of its Registrable Securities in such offering (subject to SECTION 2.4(b)). The right of each Holder to have Registrable Securities included in an offering pursuant to this SECTION 2.2(b) shall be conditioned
(if an underwritten offering) upon each Holder entering into (together with the Company) an underwriting agreement in customary form with the managing underwriter or underwriters selected for such underwriting by the Company (the “Company
Underwriter”). Subject to SECTION 2.4, the Company shall use its reasonable best efforts (within ten (10) Business Days of the notice provided for above) to cause the Company Underwriter to permit the Holders to participate in a
registration pursuant to this SECTION 2.2(b) to include their Registrable Securities in such offering on the same terms and conditions as the Registrable Securities being sold for the account of the Company or any other Holder. 

SECTION 2.3. Effective Demand Registration. The Company shall use its reasonable commercial efforts to cause any Demand Registration to
become effective not later than one hundred and twenty (120) days after it receives a request under SECTION 2.1(a) hereof and to remain effective for the lesser of (i) the period during which all Common Stock registered in the
Demand Registration are sold and (ii) one hundred and twenty (120) days, provided, however, that a registration shall not constitute a Demand Registration if (x) after such Demand Registration has become effective, such
registration or the related offer, sale or distribution of Registrable Securities thereunder is interfered with by any stop order, injunction or other order or requirement of the Commission or other Governmental Authority for any reason not solely
attributable to the Initiating Holder and such interference is not thereafter eliminated or (y) the conditions specified in the underwriting agreement, if any, entered into in connection with such Demand Registration are not satisfied or
waived, other than by reason of a failure by the Initiating Holder. Subject to the exceptions described in SECTION 2.1 and this SECTION 2.3, the Company shall only be obligated to effect an aggregate of four (4) Demand
Registrations under this Agreement and shall not be required to effect more than one (1) Demand Registration in any three month period. 

SECTION 2.4. Cutback. 

  
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 (a) If the Company shall reasonably determine (after consultation with the IM Underwriter) that
the amount of Registrable Securities requested to be included in such Demand Registration exceeds the amount which can be sold in such offering without adversely affecting the distribution of the Registrable Securities being offered, then the
Company will reduce the Registrable Securities to be included in such offering pro rata based on the number of Registrable Securities owned by each such Initiating Holder and Non-Initiating Holder. 

(b) If the Company reasonably determines (after consultation with the relevant underwriter) that the amount of Registrable Securities
requested to be included in an underwritten offering contemplated by SECTION 2.2(b) exceeds the amount which can be sold in such offering without adversely affecting the distribution of the Registrable Securities being offered, then the
Company will reduce the Registrable Securities to be included in such offering by (i) first only including the Registrable Securities (or portion thereof) being sold for the account of the Company that the Company so determines can be included
and (ii) second, to the extent that all Registrable Securities being sold for the account of the Company can be included, then only including the total number of Registrable Securities of the Holders in such offering as the Company so
determines can be included (in addition to all such Registrable Securities being sold for the account of the Company) with each such Holder entitled to include its pro rata share based on the number of Registrable Securities owned and
proposed to be included by such Holder. 
 SECTION 2.5. Form S-3 Registration. 

(a) S-3 Registration. Upon the Company becoming eligible for use of Form S-3 (or any successor form thereto) under the Securities Act in connection with a public offering of its Common Stock, in the event that the Company shall receive from any Holder (together with its Affiliates) (the
“S-3 Initiating Holder”) a written request that the Company register, under the Securities Act on Form S-3 (or any successor form then in effect) (an
“S-3 Registration”), all or a portion of the Common Stock owned by such S-3 Initiating Holder, the Company shall give written notice of such request to
all of the other Holders (other than S-3 Initiating Holder) at least twenty (20) Business Days before the anticipated filing date of such Form S-3, and such notice
shall describe the proposed registration and offer such other Holders the opportunity to register the number of shares of Common Stock as each other Holder may request in writing to Company, given within ten (10) Business Days after their
receipt from the Company of the written notice of such registration. If requested by the S-3 Initiating Holder, such S-3 Registration shall be for an offering on a
continuous basis pursuant to Rule 415 under the Securities Act. The Company shall use its reasonable best efforts to (x) cause such registration pursuant to this SECTION 2.5(a) to become and remain effective as soon as practicable, but
in any event not later than forty-five (45) days after it receives a request therefor and (y) include in such offering the Common Stock of the other Holders (other than S-3 Initiating Holder) (the
“S-3 Non-Initiating Holders”) who have requested in writing to participate in such S-3 Registration on the same
terms and conditions as the Stock of the S-3 Initiating Holder. 
 (b) Delay of S-3 Registration. If the Board of Directors has a Valid Business Reason, the Company may (x) postpone filing a Registration Statement relating to a S-3 Registration
until such Valid Business Reason no longer exists, but in no event for more than 

  
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ninety (90) days, and (y) in case a Registration Statement has been filed relating to a S-3 Registration, if the Valid Business Reason has not
resulted from actions taken by the Company, the Company, upon the approval of a majority of the Board of Directors acting in good faith, may cause such Registration Statement to be withdrawn and its effectiveness terminated or may postpone amending
or supplementing such Registration Statement. The Company shall give written notice to the Holders of its determination to postpone or withdraw a Registration Statement and of the fact that the Valid Business Reason for such postponement or
withdrawal no longer exists, in each case, promptly after the occurrence thereof. Notwithstanding anything to the contrary contained herein, the Company may not postpone or withdraw a filing due to a Valid Business Reason more than once in any
twelve (12) month period. The Company shall not be required to effect any registration pursuant to SECTION 2.5, (i) within ninety (90) days after the effective date of any other Registration Statement of the Company, (ii) if
Form S-3 is not available for such offering by the S-3 Initiating Holder or (iii) if the Registrable Securities requested by the
S-3 Initiating Holder to be registered have an estimated aggregate public offering price of less than ten million dollars ($10,000,000). 

SECTION 2.6. Holdback Agreements. 

(a) To the extent not inconsistent with applicable law and requested by the underwriters, in the case of an underwritten public offering by
the Company or by the Holders pursuant to this Agreement, each Holder agrees not to effect any public sale or distribution of any Registrable Securities or of any securities convertible into or exchangeable or exercisable for such Registrable
Securities, including a sale pursuant to Rule 144 under the Securities Act, or offer to sell, contract to sell (including any short sale), grant any option to purchase or enter into any hedging or similar transaction with the same economic effect as
a sale of Registrable Securities, in each case, during the ninety (90) day period (or such lesser period as the underwriter may agree) beginning on the effective date of the registration statement (except as part of such registration) for such
public offering (such period of time, the “Holdback Period”); provided, however, that the Holdback Period shall be the same with respect to all Holders. 

(b) The Company agrees not to effect any public sale or distribution of any of its securities, or any securities convertible into or
exchangeable or exercisable for such securities (except pursuant to registrations on Form S-4 or S-8 or any successor thereto), during the period beginning on the
effective date of any Registration Statement filed pursuant to SECTION 2.1 in which the Holders are participating and ending on the earlier of (i) the date on which all Registrable Securities on such registration statement are sold and
(ii) one hundred and eighty (180) days (or such lesser period as the underwriter may agree) after the effective date of such registration statement (except as part of such registration). 

SECTION 2.7. Registration Procedures. 

(a) Whenever registration of Registrable Securities has been requested pursuant to SECTION 2.1, SECTION 2.2 or SECTION
2.5, the Company shall use its reasonable best efforts to effect the registration and sale of such Registrable Securities in accordance with the intended method of distribution thereof as quickly as practicable, and in connection with any such
request, the Company shall, as expeditiously as possible (as used in this SECTION 2.7, the term Registrable Securities shall also include Common Stock): 

  
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 (i) prepare and file with the Commission a Registration Statement on any form for
which the Company then qualifies or which counsel for the Company shall deem appropriate and which form shall be available for the sale of such Registrable Securities in accordance with the intended method of distribution thereof, and cause such
Registration Statement to become effective; provided, however, that (x) before filing a Registration Statement or prospectus or any amendments or supplements thereto, the Company shall provide one legal counsel selected by holders
of a majority of the Registrable Securities to be included in such Registration Statement (“Holders’ Counsel”) with an adequate and appropriate opportunity to review and comment on such Registration Statement and each
prospectus included therein (and each amendment or supplement thereto) to be filed with the Commission, subject to such documents being under the Company’s control, and (y) the Company shall promptly notify the Holders’ Counsel and
each seller of Registrable Securities of any stop order issued or threatened by the Commission and promptly take all action required to prevent the entry of such stop order or to remove it if entered; 

(ii) prepare and file with the Commission such amendments and supplements to such Registration Statement and the prospectus
used in connection therewith as may be necessary to keep such Registration Statement effective for the lesser of (x) one hundred and twenty (120) days and (y) such shorter period which will terminate when all Registrable Securities
covered by such Registration Statement have been sold; provided, however, that if the S-3 Initiating Holder has requested that an S-3 Registration be for
an offering on a continuous basis pursuant to Rule 415 under the Securities Act, then the Company shall keep such Registration Statement effective until all Registrable Securities covered by such Registration Statement have been sold; and shall
comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such Registration Statement during such period in accordance with the intended methods of disposition by the sellers thereof set forth in
such Registration Statement; 
 (iii) furnish to each seller of Registrable Securities, prior to filing a Registration
Statement, a reasonable number of copies of such Registration Statement as is proposed to be filed, and thereafter such number of copies of such Registration Statement, each amendment and supplement thereto (in each case, including all exhibits
thereto), and the prospectus included in such Registration Statement (including each preliminary prospectus) and any prospectus filed under Rule 424 under the Securities Act as each such seller may reasonably request in order to facilitate the
disposition of the Registrable Securities owned by such seller; 
 (iv) register or qualify such Registrable Securities under
such other securities or “blue sky” laws of such jurisdictions as any seller of Registrable Securities may request, and to continue such qualification in effect in such jurisdiction for as long as permissible pursuant to the laws of such
jurisdiction, or for as long as any such seller requests or until all of such Registrable Securities 

  
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are sold, whichever is shortest, and do any and all other acts and things which may be reasonably necessary or advisable to enable any such seller to consummate the disposition in such
jurisdictions of the Registrable Securities owned by such seller; provided, however, that the Company shall not be required to (x) qualify generally to do business in any jurisdiction where it would not otherwise be required to
qualify but for this SECTION 2.7(a)(iv), (y) subject itself to taxation in any such jurisdiction or (z) consent to general service of process in any such jurisdiction; 

(v) notify each seller of Registrable Securities at any time when a prospectus relating thereto is required to be delivered
under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such Registration Statement contains an untrue statement of a material fact or omits to state any material fact
required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading and the Company shall promptly prepare a supplement or amendment to such prospectus and furnish to
each seller of Registrable Securities a reasonable number of copies of such supplement to or an amendment of such prospectus as may be necessary so that, after delivery to the purchasers of such Registrable Securities, such prospectus shall not
contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading; 

(vi) enter into and perform customary agreements (including an underwriting agreement in customary form with the Company
Underwriter) and take such other actions as are prudent and reasonably required in order to expedite or facilitate the disposition of such Registrable Securities, including causing its officers to participate in “road shows” and other
information meetings organized by the IM Underwriter or the Company Underwriter; 
 (vii) upon execution of confidentiality
agreements in form and substance reasonably satisfactory to the Company, which shall be consistent with the due diligence and disclosure obligations under securities laws applicable to the Company and the Holders, make available at reasonable times
for inspection by any managing underwriter participating in any disposition of such Registrable Securities pursuant to a Registration Statement, Holders’ Counsel and any attorney, accountant or other agent retained by any managing underwriter,
all financial and other records, pertinent corporate documents and properties of the Company and its Subsidiaries (collectively, the “Records”) as shall be reasonably necessary to enable them to exercise their due diligence
responsibility, and cause the Company’s and its Subsidiaries’ officers, directors and employees, and the independent public accountants of the Company, to supply all information reasonably requested by any such Person in connection with
such Registration Statement; 

  
 9 

 (viii) if such sale is pursuant to an underwritten offering, obtain “cold
comfort” letters dated the effective date of the Registration Statement and the date of the closing under the underwriting agreement from the Company’s independent public accountants in customary form and covering such matters of the type
customarily covered by “cold comfort” letters as Holders’ Counsel or the managing underwriter reasonably requests; 

(ix) furnish, at the request of any seller of Registrable Securities on the date such securities are delivered to the
underwriters for sale pursuant to such registration or, if such securities are not being sold through underwriters, on the date the Registration Statement with respect to such securities becomes effective, an opinion, dated such date, of counsel
representing the Company for the purposes of such registration, addressed to the underwriters, if any, and to the seller making such request, covering such legal matters with respect to the registration in respect of which such opinion is being
given as the underwriters, if any, and such seller may reasonably request and are customarily included in such opinions; 

(x) comply with all applicable rules and regulations of the Commission, and make generally available to its security holders,
as soon as reasonably practicable but no later than fifteen (15) months after the effective date of the Registration Statement, an earnings statement covering a period of twelve (12) months beginning after the effective date of the
Registration Statement, in a manner which satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder; 

(xi) cause all such Registrable Securities to be listed on each securities exchange on which similar securities issued by the
Company are then listed provided that the applicable listing requirements are satisfied; 
 (xii) keep Holders’ Counsel
advised as to the initiation and progress of any registration under SECTION 2.1, SECTION 2.2 or SECTION 2.5 hereunder; 

(xiii) cooperate with each seller of Registrable Securities and each underwriter participating in the disposition of such
Registrable Securities and their respective counsel in connection with any filings required to be made with the FINRA; and 

(xiv) take all other steps reasonably necessary to effect the registration of the Registrable Securities contemplated hereby.

 SECTION 2.8. Seller Information. The Company may require each seller of Registrable Securities as to which any registration is
being effected to furnish, and such seller shall furnish, to the Company such information regarding the distribution of such securities as the Company may from time to time reasonably request in writing, as a condition to including such Registrable
Securities in such Registration Statement. 

  
 10 

 SECTION 2.9. Notice to Discontinue. Each Holder agrees that, upon receipt of any notice
from the Company of the happening of any event of the kind described in SECTION 2.7(a)(v), such Holder shall forthwith discontinue disposition of Registrable Securities pursuant to the Registration Statement covering such Registrable
Securities until such Holders’ receipt of the copies of the supplemented or amended prospectus contemplated by SECTION 2.7(a)(v) and, if so directed by the Company, such Holder shall deliver to the Company (at the Company’s expense)
all copies, other than permanent file copies then in such Holders’ possession, of the prospectus covering such Registrable Securities which is current at the time of receipt of such notice. If the Company shall give any such notice, the Company
shall extend the period during which such Registration Statement shall be maintained effective pursuant to this Agreement (including the period referred to in SECTION 2.7(a)(ii)) by the number of days during the period from and including the
date of the giving of such notice pursuant to SECTION 2.7(a)(v) to and including the date when sellers of such Registrable Securities under such Registration Statement shall have received the copies of the supplemented or amended prospectus
contemplated by and meeting the requirements of SECTION 2.7(a)(v). 
 SECTION 2.10. Registration Expenses. The Company shall
pay all expenses arising from or incident to its performance of, or compliance with, this Agreement, including (i) Commission, stock exchange and FINRA registration and filing fees, (ii) all fees and expenses incurred in complying with
securities or “blue sky” laws (including reasonable fees, charges and disbursements of counsel to any underwriter incurred in connection with “blue sky” qualifications of the Registrable Securities as may be set forth in any
underwriting agreement), (iii) all printing, messenger and delivery expenses, (iv) the fees, charges and expenses of counsel to the Company and of its independent public accountants and any other accounting fees, charges and expenses incurred
by the Company (including any expenses arising from any “cold comfort” letters or any special audits incident to or required by any registration or qualification) and, in an amount not exceeding fifty thousand dollars ($50,000) in the case
of a registration on Form S-3 and two hundred fifty thousand dollars ($250,000) in the case of any other registration, the reasonable legal fees, charges and expenses of a single counsel to the Holders
incurred by such Holders participating in any registration as a group, and (v) any liability insurance or other premiums for insurance obtained in connection with any Demand Registration or piggy-back registration thereon, Incidental
Registration or S-3 Registration pursuant to the terms of this Agreement, regardless of whether such Registration Statement is declared effective. All of the expenses described in the preceding sentence of
this SECTION 2.10 are referred to herein as “Registration Expenses”. The holder of Registrable Securities sold pursuant to a Registration Statement shall bear the expense of any broker’s commission or underwriter’s
discount or commission relating to registration and sale of such Holders’ Registrable Securities and, subject to clause (iv) above, shall bear the fees and expenses of their own counsel. 

SECTION 2.11. Indemnification; Contribution. 

(a) Indemnification by the Company. The Company shall indemnify and hold harmless each Holder, its partners, directors, officers,
Affiliates and each Person who controls (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) the Holder from and against any and all claims, liabilities, damages, losses, costs and expenses (including
amounts paid in satisfaction of judgments, in compromises and settlements, as fines and penalties and legal or other costs and reasonable expenses of investigating or defending 

  
 11 

 
against any claim or alleged claim) (each, a “Liability” and collectively, “Liabilities”), arising out of or based upon any untrue, or allegedly untrue,
statement of a material fact contained in any Registration Statement, prospectus or preliminary prospectus (as amended or supplemented if the Company shall have furnished any amendments or supplements thereto) or arising out of or based upon any
omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading (or in the case of any prospectus, in light of the circumstances such statements were made),
except insofar as such Liability arises out of or is based upon any untrue statement or alleged untrue statement or omission or alleged omission contained in such Registration Statement, preliminary prospectus or final prospectus in reliance and in
conformity with information concerning any Holder furnished in writing to the Company by such Holder expressly for use therein, including the information furnished to the Company pursuant to SECTION 2.11(b). The Company shall also provide
customary indemnities to any underwriters of the Registrable Securities, their officers, directors and employees and each Person who controls such underwriters (within the meaning of Section 15 of the Securities Act or Section 20 of the
Exchange Act) to the same extent as provided above with respect to the indemnification of the Holders. 
 (b) Indemnification by the
Holders. In connection with any Registration Statement in which any Holder is participating pursuant to SECTION 2.1, SECTION 2.2 or SECTION 2.5 hereof, each Holder shall promptly furnish to the Company in writing such
information with respect to such Holder as the Company may reasonably request or as may be required by law for use in connection with any such Registration Statement or prospectus and all information required to be disclosed in order to make the
information previously furnished to the Company by such Holder not materially misleading or necessary to cause such Registration Statement not to omit a material fact with respect to such Holder necessary in order to make the statements therein not
misleading. Each Holder agrees to indemnify and hold harmless the Company, its partners, directors, officers, Affiliates, any underwriter retained by the Company and each Person who controls the Company or such underwriter (within the meaning of
Section 15 of the Securities Act or Section 20 of the Exchange Act) from and against any and all Liabilities arising out of or based upon any untrue, or allegedly untrue, statement of a material fact contained in any Registration
Statement, prospectus or preliminary prospectus (as amended or supplemented if the Company shall have furnished any amendments or supplements thereto) or arising out of or based upon any omission or alleged omission to state therein a material fact
required to be stated therein or necessary to make the statements therein not misleading (or in the case of any prospectus, in light of the circumstances such statements were made), but if and only to the extent that such Liability arises out of or
is based upon any untrue statement or alleged omission or alleged untrue statement or omission contained in such Registration Statement, preliminary prospectus or final prospectus in reliance and in conformity with information concerning such Holder
furnished in writing by such Holder expressly for use therein, provided, however, that the total amount to be indemnified by each Holder pursuant to this SECTION 2.11(b) shall be limited to such Holders’ pro rata
portion of the net proceeds (after deducting the underwriters’ discounts and commissions) received by such Holder in the offering to which the Registration Statement or prospectus relates. 

(c) Conduct of Indemnification Proceedings. Any Person entitled to indemnification under this SECTION 2.11 (the
“Indemnified Party”) agrees to give prompt written notice to the indemnifying party (the “Indemnifying Party”) after the receipt by the 

  
 12 

 
Indemnified Party of any written notice of the commencement of any action, suit, proceeding or investigation or threat thereof made in writing for which the Indemnified Party intends to claim
indemnification or contribution pursuant to this Agreement; provided, however, that the failure so to notify the Indemnifying Party shall not relieve the Indemnifying Party of any Liability that it may have to the Indemnified Party
hereunder (except to the extent that the Indemnifying Party is prejudiced or otherwise forfeits substantive rights or defenses by reason of such failure). If notice of commencement of any such action is given to the Indemnifying Party as above
provided, the Indemnifying Party shall be entitled to participate in and, to the extent it may wish, jointly with any other Indemnifying Party similarly notified, to assume the defense of such action at its own expense, with counsel chosen by it and
reasonably satisfactory to such Indemnified Party. The Indemnified Party shall have the right to employ separate counsel in any such action and participate in the defense thereof, but the fees and expenses of such counsel shall be paid by the
Indemnified Party unless (i) the Indemnifying Party agrees to pay the same, (ii) the Indemnifying Party fails to assume the defense of such action with counsel reasonably satisfactory to the Indemnified Party or (iii) the named
parties to any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and the Indemnified Party has been advised by such counsel that either (x) representation of such Indemnified Party and
the Indemnifying Party by the same counsel would be inappropriate under applicable standards of professional conduct or (y) there may be one or more legal defenses available to the Indemnified Party which are different from or additional to
those available to the Indemnifying Party. In any of such cases, the Indemnifying Party shall not have the right to assume the defense of such action on behalf of such Indemnified Party, it being understood, however, that the Indemnifying Party
shall not be liable for the fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) for all Indemnified Parties. No Indemnifying Party shall be liable for any settlement entered into without its written
consent (such consent not to be unreasonably withheld or delayed). No Indemnifying Party shall, without the consent of such Indemnified Party, effect any settlement of any pending or threatened proceeding in respect of which such Indemnified Party
is a party and indemnity has been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability for claims that are the subject matter of such proceeding. 

(d) Contribution. If the indemnification provided for in this SECTION 2.11 from the Indemnifying Party is held by a court of
competent jurisdiction to be unavailable to an Indemnified Party hereunder in respect of any Liabilities referred to herein, then the Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable
by such Indemnified Party as a result of such Liabilities in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party on the one hand and Indemnified Party on the other in connection with the statements or omissions
which resulted in such Liabilities, as well as other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any untrue or alleged untrue
statement of a material fact or omission or alleged omission to state a material fact relates to information supplied by such Indemnifying Party or Indemnified Party and the parties’ relative intent, knowledge, access to information and
opportunity to correct or prevent such statement or omission. The amount paid or payable by a party as a result of the Liabilities referred to above shall be deemed to include, subject to the limitations set forth in SECTION 2.11(a),
SECTION 2.11(b) and SECTION 2.11(c), any legal or 

  
 13 

 
other fees, charges or expenses reasonably incurred by such party in connection with any investigation or proceeding; provided, however, that the total amount to be contributed by
any Holder shall be limited to the net proceeds (after deducting the underwriters’ discounts and commissions) received by the Holder in the offering. 

(e) Fraud. The parties hereto agree that it would not be just and equitable if contribution pursuant to SECTION 2.11(d) were
determined by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred to in the immediately preceding paragraph. No Person guilty of fraudulent misrepresentation (within
the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. 

ARTICLE III 

MISCELLANEOUS 
 SECTION
3.1. Specific Performance. The parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement are not performed in accordance with their specific terms or are otherwise breached, including if the
parties hereto fail to take any action required of them hereunder to consummate this Agreement. It is accordingly agreed that, in addition to any other applicable remedies at law or equity, the parties and the third party beneficiaries of this
Agreement shall be entitled to an injunction or injunctions, without proof of damages, to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement. Each party hereto agrees that it will not oppose the
granting of an injunction, specific performance or other equitable relief on the basis that (i) the other party has an adequate remedy at law or (ii) an award of specific performance is not an appropriate remedy for any reason at law or in
equity. Each of the parties hereto hereby waives (x) any defenses in any action for specific performance, including the defense that a remedy at law would be adequate and (y) any requirement under any law to post a bond or other security
as a prerequisite to obtaining equitable relief. 
 SECTION 3.2. Term. In the event that a given Holder ceases to “beneficially
own” (as such term is defined under the Exchange act) one percent (1%) or more of the outstanding Common Stock, all of such Holder’s rights and obligations under this Agreement shall expire and such Holder will cease to be a
“Holder” for all purposes hereunder without any further action of the Company or any other party hereto. 
 SECTION 3.3.
Amendments and Waivers. 
 (a) No failure or delay on the part of the Company or any Holder in exercising any right, power or remedy
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or remedy preclude any other or further exercise thereof or the exercise of any other right, power or remedy. The remedies provided for
herein are cumulative and are not exclusive of any remedies that may be available to the Company or any Holder at law or in equity or otherwise. 

(b) The provisions of this Agreement, including the provisions of this sentence, may not be amended, modified or supplemented, and waivers or
consents to departures from the 

  
 14 

 
provisions hereof may not be given, in each case without the written consent of the Company and the Holders of a majority of the Registrable Securities; provided, that any amendment that has the
effect of adversely affecting any Holder or group of Holders differently than any other Holder or group of Holders shall only be effective against such Holder(s) with the written consent of such Holder(s). 

SECTION 3.4. Notices. Any notices or other communications required or permitted hereunder shall be in writing, and shall be
sufficiently given if made by hand delivery, by facsimile or registered or certified mail, postage prepaid, return receipt requested, addressed as follows (or at such other address as may be substituted by notice given as herein provided): 

If to the Company: 
  

			
	Warrior Met Coal, Inc.
	Attn:	  	 Dale W. Boyles

	Address:	  	 16243 Highway 216
 Brookwood, AL
35444

	Telephone No.:	  	(205) 554-6150
	Facsimile No.:	  	(205) 554-6011

 with copies (which shall not constitute notice) to: 

 

			
	Akin Gump Stauss Hauer & Feld LLP
	Attn:	  	James Savin
		  	Daniel I. Fisher
	Address:	  	1333 New Hampshire Avenue, NW
		  	Washington, DC 20036
	Telephone:	  	(202) 887-4417
		  	(202) 887-4121
	Facsimile No:	  	(202) 887-4288

 If to any Holder, at its address and the address of its representative, if any, as provided to the Company by
such Holder or otherwise listed in the books of the Company. 
 Any notice or communication hereunder shall be deemed to have been given or
made as of the date so delivered if personally delivered; when answered back, if telexed; when receipt is acknowledged, if telecopied; and on receipt if sent by registered or certified mail. 

Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders. 

SECTION 3.5. Successors and Assigns. The rights and obligations of the Holders under this Agreement shall not be assignable by any
Holder to any Person that is not a Holder; provided, that in the event of a valid transfer of Registrable Securities by a Holder, the rights and obligations of the transferor under this Agreement (solely with respect to the Registrable
Securities so transferred) shall be transferred to the transferee, subject to such transferee executing a joinder to this Agreement; provided, for the avoidance of doubt, that the transferor in

  
 15 

 
such transaction shall retain its rights and obligations under this Agreement with respect to any Registrable Securities not so transferred. This Agreement shall be binding upon the parties
hereto and their respective successors, assigns and transferees. 
 SECTION 3.6. Counterparts. This Agreement may be executed in any
number of counterparts, each of which will be deemed to be an original copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement. This Agreement and any signed agreement entered into in
connection herewith or contemplated hereby, and any amendments hereto or thereto, to the extent signed and delivered by facsimile, by electronic mail in “portable document format” (“.pdf”) form, or any other electronic
transmission, shall be treated in all manner and respects as an original contract and shall be considered to have the same binding legal effects as if it were the original signed version thereof delivered in person. 

SECTION 3.7. Governing Law: Venue: Jurisdiction. THIS AGREEMENT AND ALL CLAIMS OR CAUSES OF ACTION (WHETHER IN CONTRACT OR TORT) THAT
MAY BE BASED UPON, ARISE OUT OF OR RELATE TO THIS AGREEMENT OR THE NEGOTIATION, EXECUTION OR PERFORMANCE OF THIS AGREEMENT (INCLUDING ANY CLAIM OR CAUSE OF ACTION BASED UPON, ARISING OUT OF OR RELATED TO ANY REPRESENTATION OR WARRANTY MADE IN OR IN
CONNECTION WITH THIS AGREEMENT) SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. Each party hereby agrees that any action based upon, arising out of or
relating to this Agreement (including any action concerning the violation or threatened violation of this Agreement) shall be heard and determined in any state or federal court sitting in the Court of Chancery of the State of Delaware (or, if the
Chancery Court of the State of Delaware declines to accept jurisdiction over a particular matter, in the United States District Court for the District of Delaware), and the parties hereto hereby irrevocably submit to the exclusive jurisdiction of
such courts (and, in the case of appeals, appropriate appellate courts therefrom) in any such action or proceeding and irrevocably waive the defense of an inconvenient forum to the maintenance of any such action or proceeding. In addition, each
party consents to process being served in any such lawsuit, action or proceeding by mailing, certified mail, return receipt requested, a copy thereof to such party at the address in effect for notices hereunder, and agrees that such services shall
constitute good and sufficient service of process and notice thereof. The consents to jurisdiction set forth in this paragraph shall not constitute general consents to service of process in the State of Delaware and shall have no effect for any
purpose except as provided in this SECTION 3.7 and shall not be deemed to confer rights on any Person other than the parties hereto. Nothing in this SECTION 3.7 shall affect or limit any right to serve process in any other manner
permitted by law. 
 SECTION 3.8. WAIVER OF JURY TRIAL. EACH PARTY HEREBY WAIVES ITS RESPECTIVE RIGHT TO A JURY TRIAL OF ANY CLAIM
OR CAUSE OF ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT WHETHER BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH
OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS. EACH 

  
 16 

 
PARTY RECOGNIZES AND AGREES THAT THE FOREGOING WAIVER CONSTITUTES A MATERIAL INDUCEMENT FOR IT TO ENTER INTO THIS AGREEMENT. EACH PARTY REPRESENTS AND WARRANTS THAT IT HAS REVIEWED THIS WAIVER
WITH ITS LEGAL COUNSEL AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. 

SECTION 3.9. Severability. Any provision of this Agreement which is prohibited, unenforceable or not authorized in any jurisdiction is,
as to such jurisdiction, ineffective to the extent of any such prohibition, unenforceability or nonauthorization without invalidating the remaining provisions hereof, or affecting the validity, enforceability or legality of such provision in any
other jurisdiction, unless the ineffectiveness of such provision would result in such a material change as to cause completion of the transactions contemplated hereby to be unreasonable. Upon a determination that any provision of this Agreement is
prohibited, unenforceable or not authorized, the parties hereto agree to negotiate in good faith to modify this Agreement so as to effect the original intent of the parties hereto as closely as possible, in a mutually acceptable manner, in order
that the transactions contemplated hereby are consummated as originally contemplated to the fullest extent possible. 
 SECTION 3.10. Non-Recourse. All claims, obligations, liabilities, or causes of action (whether in contract or in tort, in law or in equity, or granted by statute) that may be based upon, in respect of, arise under, out or by
reason of, be connected with, or relate in any manner to this Agreement, or the negotiation, execution, or performance of this Agreement (including any representation or warranty made in, in connection with, or as an inducement to, this Agreement),
may be made only against (and are expressly limited to) the entities that are expressly identified as parties in the preamble to this Agreement (“Contracting Parties”). No Person who is not a Contracting Party, including without
limitation any director, officer, employee, incorporator, member, partner, manager, stockholder, Affiliate, agent, attorney, or representative of, and any financial advisor or lender to, any Contracting Party, or any director, officer, employee,
incorporator, member, partner, manager, stockholder, Affiliate, agent, attorney, or representative of, and any financial advisor or lender to, any of the foregoing (“Non-party Affiliates”),
shall have any liability (whether in contract or in tort, in law or in equity, or granted by statute) for any claims, causes of action, obligations, or liabilities arising under, out of, in connection with, or related in any manner to this Agreement
or based on, in respect of, or by reason of this Agreement or its negotiation, execution, performance, or breach; and, to the maximum extent permitted by law, each Contracting Party hereby waives and releases all such liabilities, claims, causes of
action, and obligations against any such Non-party Affiliates. 
 SECTION 3.11. Recapitalization,
Exchanges Etc., Affecting Securities. The provisions of this Agreement shall apply, to the full extent set forth herein with respect to the Registrable Securities and to any and all Common Stock of the Company or any successor or assign of the
Company (whether by merger, consolidation, sale of assets or otherwise, including shares issued by a parent company in connection with a triangular merger) which may be issued in respect of, in exchange for, or in substitution of Registrable
Securities, appropriately adjusted for any stock dividends, splits, reverse splits, combinations, reclassifications and the like occurring after the date hereof. 

  
 17 

 SECTION 3.12. Entire Agreement. This Agreement (including all schedules and exhibits
hereto) contains the entire agreement among the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral or written, with respect to such matters. 

SECTION 3.13. Aggregation of Common Stock. All Registrable Securities held by a Holder, its Affiliates and its other Permitted
Transferees shall be aggregated together for purposes of determining the availability of any rights under this Agreement. 
 SECTION 3.14.
Headings. The section headings of this Agreement are for convenience of reference only and shall not, for any purpose, be deemed to be part of this Agreement or otherwise affect the interpretation of this Agreement. 

SECTION 3.15. No Third Party Beneficiaries. Except as provided in SECTION 3.5, nothing express or implied herein is intended or
shall be construed to confer upon any person or entity, other than the parties hereto and their respective successors and assigns and all Indemnified Parties, any rights, remedies or other benefits under or by reason of this Agreement. 

* * * * * * * * * * 

  
 18 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written
above. 
  

			
	COMPANY
	
	WARRIOR MET COAL, INC.

 
			
		
	By:	 	  

 
			
	Name:	 	

 
			
	Title:	 	

 Signature Page to Registration Rights Agreement 

  

			
	[HOLDER]

 
			
		
	By:	 	
 

			
	Name:	 	

 
			
	Title:	 	

 Signature Page to Registration Rights Agreement 

 SCHEDULE A 

HOLDERS 
  

			
	 Holder
	 	 Address

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