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  Exhibit 10.18.1    
    

 
    AMENDMENT TO JANUS 2010 LONG TERM STOCK INCENTIVE PLAN    
    

        The Janus Capital Group Inc. 2010 Long-Term Incentive Stock Plan, as amended (the "Plan"), is hereby amended as
follows, effective December 28, 2011: 

	1.
	Article 2—Definitions
of the Plan hereby is amended by adding the following definition: 

"Good Reason" shall have the meaning assigned to such term in the Grantee's individual employment or severance agreement or, if the Grantee is not a
party to an agreement in which Good Reason is defined, Good Reason shall mean the occurrence of any of the events or conditions described below which are not cured by the Company (if susceptible to
cure by the Company) within thirty (30) days after the Company has received written notice from the Grantee (which notice must be provided by the Grantee within ninety (90) days of the
initial existence of the event or condition constituting Good Reason): (i) a material adverse alteration in the nature or status of the Grantee's responsibilities from those in effect
immediately prior to the Change in Control other than any such alteration primarily attributable to the fact that the Company may no longer be a public company or to other changes in the identity,
nature or structure of the Company; and provided, that a change in the Grantee's title or reporting relationships shall not of itself constitute Good
Reason (unless such change results in a material adverse alteration as described above), (ii) any material reduction in the Grantee's base salary
except for any across-the-board reduction similarly affecting similarly-situated employees of the Company, or (iii) the relocation of the Grantee's principal place of
employment to a location more than 40 miles from the Grantee's principal place of employment immediately prior to the Change of Control, provided that such relocation results in a material negative
change to the Grantee's employment.  

	2.
	The
third sentence of Section 4.1 of the Plan hereby is amended by deleting it and replacing it with the following sentence: 

The
number of Shares for which Awards may be granted to any Grantee on any Grant Date, when aggregated with the number of Shares for which Awards have previously been granted to such Grantee in the
same calendar year, shall not exceed one percent (1%) of the total Shares outstanding as of such Grant Date; provided, however, that the total number of Shares for which Awards may be granted to any
Grantee in any calendar year shall not exceed 650,000.  

	3.
	Article 12—Change
of Control of the Plan hereby is amended by deleting it in its entirety and replacing it with the following: 

Except
as otherwise provided in an Award Agreement or determined by the Committee at the time an Award is granted, if a Change of Control occurs, then: 

        (a)   Following
a Change of Control, each outstanding Award shall remain outstanding and shall continue to vest in accordance with its terms (subject to adjustment in
accordance with Section 4.2 hereof); provided, however, that, in the event of a termination of a Grantee's employment or service by the Company without Cause or for Good Reason during the
24-month period following such Change of Control, on the date of such termination (i) such Award shall become fully vested and, if applicable, exercisable, (ii) the
restrictions, payment conditions, and forfeiture conditions applicable to any such Award granted shall lapse, and (iii) any performance conditions imposed with respect to Awards shall be deemed
to be fully achieved at target levels. 

        (b)   Notwithstanding
the foregoing or any other provision of the Plan or any applicable award agreement, in the event of a Change of Control, except as would otherwise result
in adverse tax consequences under Section 409A of the Code, the Board may, in its sole discretion, provide that each Award shall, immediately upon the 

occurrence
of a Change of Control, be cancelled in exchange for a payment in cash in an amount equal to (x) the excess of the consideration paid per Share in the Change of Control over the
exercise or purchase price (if any) per Share subject to the Award multiplied by (y) the number of Shares granted under the Award. Where such acceleration would result in adverse tax
consequences under Section 409A of the Code with respect to an Award, the Board may, in its sole discretion, provide that such Award shall become vested and non-forfeitable upon the
occurrence of the Change of Control; provided, however, that the Grantee shall not be able to exercise the Award, and the Award shall not become payable, except in accordance with the terms of such
Award or until such earlier time as the exercise and/or payment complies with Section 409A of the Code.  

	4.
	Except
as amended above, the Plan shall remain in full force and effect. 

        IN
WITNESS WHEREOF, Janus Capital Group Inc. has executed this Amendment as of this 28th day of December, 2011. 

 

					
	 	 	Janus Capital Group Inc.
	

 	
 	
By:	
 	
/s/ KARLENE J. LACY

  Karlene J. Lacy

Vice President of Taxation
	
 ATTEST:	
 	

 	
 	

 
	

/s/ SUSAN J. ARMSTRONG

  Susan J. Armstrong	
 	

 	
 	

 

 

 

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Exhibit 10.18.1

AMENDMENT TO JANUS 2010 LONG TERM STOCK INCENTIVE PLANBTU_2011.12.31_Ex 10.2

Exhibit 10.2

AMENDMENT NO. 1 TO CREDIT AGREEMENT

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

SECTION 1 Amendments to the Credit Agreement.  Upon the satisfaction of the applicable conditions precedent set forth in Section 2, the Credit Agreement is hereby amended as follows:
(a)    Section 1.01 is hereby amended by inserting the following sentence immediately after the last sentence of the definition of “Indebtedness” as follows: 

“The amount of any indebtedness of a Joint Venture secured by a Lien on property owned or being purchased by the US Borrower or its Restricted Subsidiaries as of any date shall be deemed to be the lower of (a) an amount equal to the stated or determinable amount of the indebtedness that is secured by such Lien and (b) the maximum amount for which the US Borrower or its Restricted Subsidiaries may be liable (which may be determined with reference to the fair market value of the property securing such indebtedness as reasonably determined by the US Borrower in good faith) pursuant to the terms of such indebtedness.”

(b)    Section 1.01 is hereby further amended by inserting the following phrase immediately prior to the period “.” at the end of the first sentence in the definition of “Subsidiary” as follows:

“(it being understood that Middlemount Coal Pty Ltd shall not constitute a Subsidiary of the Borrower or its Subsidiaries hereunder unless the Borrower shall elect in a writing delivered to the Administrative Agent, based on a change in the voting powers of the joint venture partners of Middlemount Coal Pty Ltd, that Middlemount Coal Pty Ltd shall constitute a Subsidiary of the Borrower or its Subsidiaries hereunder)”

(c)    Section 1.01 is hereby further amended by inserting the following phrase immediately prior to the period “.” at the end of the definition of “Swap Termination Value” as follows: 

“(it being understood that any such termination values and mark-to-market values shall take into account any assets posted as collateral or security for the benefit of a party to the Swap Contract)”

(c)    Section 2.10 is hereby amended by inserting the following text immediately following the phrase “All computations of interest for Base Rate Loans” and immediately prior to the phrase “and of Fronting Fees” at the beginning of Section 2.10 as follows:

“, where the rate of interest is calculated on the basis of the prime rate,” 
(d)    Sections 5.17 and 6.09 are hereby amended by (i) replacing the word “Subsidiaries” with the words “Restricted Subsidiaries” and (ii) replacing the word “Subsidiary” with the words “Restricted Subsidiary”.

(e)    Section 7.01(n) is hereby amended and restated in its entirety as follows: 

“(n)    (1) Production Payments, royalties, dedication of reserves under supply agreements or similar rights or interests granted, taken subject to, or otherwise imposed on properties or (2) cross charges, Liens or security arrangements entered into in respect of a Joint Venture for the benefit of a participant, manager or operator of such Joint Venture, in each case, consistent with normal practices in the mining industry;”
(f)    Section 7.01(t) is hereby amended and restated in its entirety as follows:

“(t)    Liens on assets of the US Borrower and its Restricted Subsidiaries so long as the aggregate amount of Indebtedness and other obligations secured thereby does not exceed, at the time any such Liens are assumed or incurred by the US Borrower or one of its Restricted Subsidiaries and thereafter, 10% of Tangible Assets of the US Borrower and its Restricted Subsidiaries (including, for avoidance of doubt, any Tangible Assets acquired by the US Borrower or its Restricted Subsidiaries at such time).”

(g)    Section 7.02(e) is hereby amended and restated in its entirety as follows:
“(e)    (1) Investments in the nature of Production Payments, royalties, dedication of reserves under supply agreements or similar rights or interests granted, taken subject to, or otherwise imposed on properties or (2) cross charges, Liens or security arrangements entered into in respect of a Joint Venture for the benefit of a participant, manager or operator of such Joint Venture, in each case, consistent with normal practices in the mining industry;”
(h)    Section 7.02(l) is hereby amended by replacing the words “Section 7.03(l)” in the penultimate line thereof with the words “Section 7.02(l)”. 

(i)    Section 8.01(e) is hereby amended by inserting the following text immediately following the phrase  “in   excess of 10 days;” and immediately prior to the word “or” at the end of Section 8.01(e) as follows:

“and, provided, further, that no Default or Event of Default shall exist under this paragraph as a result of a default, review event or other event arising from a change of control, delisting or similar event under any Indebtedness of Macarthur Coal Ltd. or any of its Subsidiaries until 30 days (which 30 day period shall be inclusive of, and not in addition to, the 10-day period referred to in the immediately preceding proviso) have elapsed following the close of the offer period for the takeover bid for Macarthur Coal Ltd;”
(j)    Section 9.01 is hereby amended and restated in its entirety as follows:

“9.01.    Appointment and Authority.  Each of the Lenders and the L/C Issuer hereby irrevocably appoints Bank of America to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto.  Except with respect to Section 9.06 and Section 9.10, the provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the 

L/C Issuer, and neither the US Borrower, the Dutch Borrower nor any other Loan Party shall have rights as a third party beneficiary of any of such provisions.”
(k)    Schedule 7.01 of the Credit Agreement is hereby amended and restated in its entirety by substituting in lieu thereof the schedule attached hereto as Exhibit A and the Liens set forth therein shall be deemed to be existing as of June 18, 2010 for purposes of Section 7.01(b).

(l)    Schedule 7.02 of the Credit Agreement is hereby amended and restated in its entirety by substituting in lieu thereof the schedule attached hereto as Exhibit B and the Investments set forth therein shall be deemed to be outstanding as of June 18, 2010 for purposes of Section 7.02(f).

(m)    Schedule 7.03 of the Credit Agreement is hereby amended and restated in its entirety by substituting in lieu thereof the schedule attached hereto as Exhibit C and the Indebtedness set forth therein shall be deemed to be outstanding as of June 18, 2010 for purposes of Section 7.03(b).

SECTION 2  Conditions to Effectiveness of Amendment.  The effectiveness of the amendments contained in Section 1 of this Amendment No. 1 is conditioned upon satisfaction of the following conditions precedent:

(a)The Administrative Agent shall have (i) received counterparts of this Amendment No. 1 signed by the Borrowers and the Required Lenders and counterparts of the Consent of Loan Parties attached hereto (the “Consent”) signed by the Loan Parties party thereto and (ii) acknowledged this Amendment No. 1 in writing; and

(b)Each of the representations and warranties in Section 3 below shall be true and correct in all material respects as of the date on which this Amendment No. 1 becomes effective, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date.

SECTION 3 Representations and Warranties.  The US Borrower and the Dutch Borrower each represents and warrants to the Administrative Agent and the Lenders as follows:

(a)    Authority.  Each of the Borrowers and the Loan Parties party to the Consent has the requisite corporate, limited liability or other such power and authority to execute and deliver this Amendment No. 1 and the Consent, as applicable, and to perform its obligations hereunder and under the Loan Documents (as modified hereby).  The execution, delivery and performance by the Borrowers and each other Loan Party party to the Consent of this Amendment No. 1 (as applicable), the Consent (as applicable), the Loan Documents (as modified hereby) and the transactions contemplated hereby and thereby have been duly approved by all necessary corporate action of such Person and no other corporate proceedings on the part of such Person are necessary to consummate such transactions.

(b)    No Legal Bar.  The execution and delivery of this Amendment No. 1 by the Borrowers and of the Consent by each Loan Party party thereto, and the performance of the Credit Agreement and each other Loan Document, as amended hereby, by the Borrowers and each other Loan Party party thereto will not violate any Requirement of Law or any Contractual Obligation applicable to or binding on the Borrowers, any Restricted Subsidiary or any of their respective properties or assets, except to the extent that such violation could not reasonably be expected to have a Material Adverse Effect.

(c)Enforceability.  This Amendment No. 1 has been duly executed and delivered by the Borrowers.  The Consent has been duly executed and delivered by each Loan Party party thereto.  This Amendment No. 1 and the Consent is the legal, valid and binding obligation of each such Loan Party party thereto, enforceable against each Loan Party that is party thereto in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other Laws relating to or affecting creditors' rights generally, general principles of equity, regardless of whether considered in a proceeding in equity or at law and an implied covenant of good faith and fair dealing.  

(d)Representations and Warranties.  The representations and warranties contained in each Loan Document (other than any such representations and warranties that, by their terms, are specifically made as of a date other than the date hereof) are true and correct in all material respects on and as of the date hereof as though made on and as of the date hereof.
(e)No Default.  Both immediately before and after giving effect to the amendments set forth in Section 1 hereof no event has occurred and is continuing that constitutes a Default or Event of Default.

SECTION 4 Reference to and Effect on Credit Agreement.

(a)    Upon and after the effectiveness of this Amendment No. 1, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as modified hereby.

(b)    Except as specifically modified above, the Credit Agreement and the other Loan Documents are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed.

(c)    The execution, delivery and effectiveness of this Amendment No. 1 shall not operate as a waiver of any right, power or remedy of the Administrative Agent or any Lender under any of the Loan Documents, nor, except as expressly provided herein, constitute a waiver or amendment of any provision of any of the Loan Documents.  On and after the effectiveness of this Amendment No. 1, this Amendment No. 1 shall for all purposes constitute a Loan Document.

SECTION 5  Counterparts.  This Amendment No. 1 may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.  Delivery of an executed counterpart of a signature page to this Amendment No. 1 or such Consent by facsimile or other electronic imaging means shall be effective as delivery of a manually executed counterpart of this Amendment No. 1 or such Consent, as applicable.

SECTION 6 Severability.  Any provision of this Amendment No. 1 that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

SECTION 7 Governing Law.  This Amendment No. 1 shall be governed by, and construed in accordance with, the laws of the State of New York.

SECTION 8 Waiver of Jury Trial.  EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, TRIAL BY JURY IN ANY ACTION OR PROCEEDING WITH RESPECT TO THIS AMENDMENT NO. 1 OR ANY OTHER LOAN DOCUMENT.

[Signature Page to Follow]

IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to be executed by their respective officers thereunto duly authorized, as of the date first written above. 

PEABODY ENERGY CORPORATION,
a Delaware corporation

/s/ Carey J. Dubois
By:        
Name:  Carey J. Dubois
Title:  Vice President and Treasurer

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

/s/ Kenneth L. Wagner
By:        
Name:  Kenneth L. Wagner
Title:  Authorized Signer Pursuant to Power
           of Attorney

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

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

CONSENT OF LOAN PARTIES
Dated as of October 20, 2011

The undersigned, as US Subsidiary Guarantors under the “US Subsidiary Guaranty” (as such term is defined in and under the Credit Agreement referred to in the foregoing Amendment No. 1), each hereby consents and agrees to the foregoing Amendment No. 1 and hereby confirms and agrees that (i) the US Subsidiary Guaranty is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects except that, upon the effectiveness of said Amendment No. 1, the reference in the US Subsidiary Guaranty to the “Credit Agreement,” “thereunder,” “thereof” and words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as modified by said Amendment No. 1, and (ii) the US Subsidiary Guaranty does, and shall continue to, constitute a guaranty of the US Borrower Obligations as defined in the US Subsidiary Guaranty.  

[Signature Page to Follow]

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

EACH OF THE US GUARANTORS LISTED 
ON SCHEDULE I HERETO

/s/ Carey J. Dubois
By:    ____________________________
Name:  Carey J. Dubois
Title:  Vice President and Treasurer
        

        

SCHEDULE I
LIST OF US GUARANTORS
	
	
	American Land Development, LLC

	American Land Holdings of Colorado, LLC

	American Land Holdings of Illinois, LLC

	American Land Holdings of Indiana, LLC

	American Land Holdings of Kentucky, LLC

	American Land Holdings of West Virginia, LLC

	Arid Operations Inc.

	Big Ridge, Inc.

	Big Sky Coal Company

	Black Hills Mining Company, LLC

	BTU Western Resources, Inc.

	Caballo Grande, LLC

	Caseyville Dock Company, LLC

	Central States Coal Reserves of Illinois, LLC

	Central States Coal Reserves of Indiana, LLC

	Century Mineral Resources, Inc.

	Coal Reserve Holding Limited Liability Company No. 1

	COALSALES II, LLC

	Colorado Yampa Coal Company

	Conservancy Resources, LLC

	Cottonwood Land Company

	Cyprus Creek Land Company

	Cyprus Creek Land Resources, LLC

	Dyson Creek Coal Company, LLC

	Dyson Creek Mining Company, LLC

	El Segundo Coal Company, LLC

	Elkland Holdings, LLC

	Falcon Coal Company, LLC

	Gallo Finance Company

	Gold Fields Chile, LLC

	Gold Fields Mining, LLC

	Gold Fields Ortiz, LLC

	Hayden Gulch Terminal, LLC

	Highwall Mining Services Company

	Hillside Recreational Lands, LLC

	HMC Mining, LLC

	Illinois Land Holdings, LLC

	Independence Material Handling, LLC

	James River Coal Terminal, LLC

	Juniper Coal Company

	Kayenta Mobile Home Park, Inc.

	
	
	Kentucky Syngas, LLC

	Lively Grove Energy, LLC

	Lively Grove Energy Partners, LLC

	Marigold Electricity, LLC

	Midco Supply and Equipment Corporation

	Midwest Coal Acquisition Corp.

	Midwest Coal Reserves of Illinois, LLC

	Midwest Coal Reserves of Indiana, LLC

	Moffat County Mining, LLC

	Mustang Energy Company, L.L.C.

	New Mexico Coal Resources, LLC

	Pacific Export Resources, LLC

	Peabody America, Inc.

	Peabody Archveyor, L.L.C.

	Peabody Arclar Mining, LLC

	Peabody Bear Run Mining, LLC

	Peabody Bear Run Services, LLC

	Peabody Caballo Mining, LLC

	Peabody Cardinal Gasification, LLC

	Peabody COALSALES, LLC

	Peabody COALTRADE, LLC

	Peabody COALTRADE International (CTI), LLC

	Peabody Colorado Operations, LLC

	Peabody Colorado Services, LLC

	Peabody Coulterville Mining, LLC

	Peabody Development Company, LLC

	Peabody Electricity, LLC

	Peabody Employment Services, LLC

	Peabody Energy Generation Holding Company

	Peabody Energy Investments, Inc.

	Peabody Energy Solutions, Inc.

	Peabody Gateway North Mining, LLC

	Peabody Gateway Services, LLC

	Peabody Holding Company, LLC

	Peabody Illinois Services, LLC

	Peabody Indiana Services, LLC

	Peabody International Investments, Inc.

	Peabody International Services, Inc.

	Peabody Investments Corp.

	Peabody Midwest Management Services, LLC

	Peabody Midwest Mining, LLC

	Peabody Midwest Operations, LLC

	Peabody Midwest Services, LLC

	Peabody Natural Gas, LLC

	Peabody Natural Resources Company

	Peabody New Mexico Services, LLC

	Peabody Operations Holding, LLC

	Peabody Powder River Mining, LLC

	Peabody Powder River Operations, LLC

	Peabody Powder River Services, LLC

	
	
	Peabody PowerTree Investments, LLC

	Peabody Recreational Lands, L.L.C.

	Peabody Rocky Mountain Management Services, LLC

	Peabody Rocky Mountain Services, LLC

	Peabody Sage Creek Mining, LLC

	Peabody School Creek Mining, LLC

	Peabody Services Holdings, LLC

	Peabody Southwest, LLC

	Peabody Southwestern Coal Company

	Peabody Terminal Holding Company, Inc.

	Peabody Terminals, LLC

	Peabody Twentymile Mining, LLC

	Peabody Venezuela Coal Corp.

	Peabody Venture Fund, LLC

	Peabody-Waterside Development, L.L.C.

	Peabody Western Coal Company

	Peabody Wild Boar Mining, LLC

	Peabody Wild Boar Services, LLC

	Peabody Williams Fork Mining, LLC

	Peabody Wyoming Gas, LLC

	Peabody Wyoming Services, LLC

	PEC Equipment Company, LLC

	Point Pleasant Dock Company, LLC

	Pond River Land Company

	Porcupine Production, LLC

	Porcupine Transportation, LLC

	Riverview Terminal Company

	Sage Creek Holdings, LLC

	School Creek Coal Resources, LLC

	Seneca Coal Company, LLC

	Shoshone Coal Corporation

	Star Lake Energy Company, L.L.C.

	Sugar Camp Properties, LLC

	Thoroughbred Generating Company, LLC

	Thoroughbred Mining Company, LLC

	Twentymile Coal, LLC

	West Roundup Resources, LLC

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